NFTs hit stars again with digital artist Beeple partnering with singer Madonna to launch “Mother of Creation,’ a three non-fungible (NFT) collection.
- Globally recognized digital artist Beeple and Madonna collaborate to introduce an NFT collection.
- Madonna isn’t new to NFTs, as her Twitter profile features a BAYC NFT image.
- Beeple’s NFT sold for a remarkable $69.3 million.
Madonna collaborates with Beeple to launch a new non-fungible token (NFT). Meanwhile, the digital world and the music industry continue to unite. For now, big names within the music space advocate for Web3 and NFTs.
Other music legends that have joined the NFTs marketplace include David Bowie and Nirvana, with Ice Cube and Snoop Dogg enthusiastic about Web3. The Web3 craze has the Warner Music Group joining Sandbox (SAND) to buy land. This, it’s without surprise that Madonna jumps into the virtual bandwagon.
Beeple and Madonna Partner to Launch an NFT Collection
Beeple and Madonna declare a new three NFT collection known as “Mother of Creation.” Madonna took it to Twitter, announcing the non-fungible token. Enthusiasts can access it on Wednesday (11 May) for auction on the SuperRare market.
Also, Madonna stated that the proceeds would advantage The City of Joy, Black Mama’s Bail, and The Voices of Children Foundation. A video interview had Madonna revealing about working with Beeple for a year for the project, introducing something connected to the motherhood and creation idea.
SAND Bearish as Web3 Tokens Plunge
While writing this article, SAND traded at $1.88, gaining 2.40% within the previous day. Mixed actions early on saw Sandbox declining to morning lows of $1.64 before climbing to current highs. For now, the alternative token eyes the resistance at $1.93.
Overcoming this resistance might see the alt exploring the hurdle near $2.00. Another obstacle would showcase at $2.16. Overpowering this obstacle would see SAND targeting the 3rd resistance at $2.51. Failure to overcome the pivot would see Sandbox exploring the initial resistance at $1.58. More declines would encounter the second foothold at $1.46.
SAND’s EMAs and 4hr candle chart present bearish signals. The token stays beneath 50-dayEMA, currently around $2.05. Early today, the 50-day Exponential Moving Average drifted from 100-dayEMA, ensuring downside pressure.
Also, the 100-dayEMA fell from the 200-dayEMA, revealing negative sentiment for SAND. A move beyond the 50-day Exponential Moving Average would back upsides to $2.25.
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