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“# Why are major global brands experimenting with NFTs in the Metaverse? ” Blockchain is a core technology that differentiates itself from other technologies by having solved the double expense with the emergence of the Bitcoin blockchain in 2008. Nonfungible tokens, or NFTs, were driven by blockchain technology which brought scarcity and interoperability to nonfungible…
“# Adapt or die: Venture capital vs. crypto, blockchain, DAOs and Web 3.0 ” We have seen a steep adoption of crypto-based systems this year, including decentralized finance (DeFi) applications, nonfungible tokens (NFTs) such as digital art, crypto-centric gaming, and increased adoption of cryptocurrencies as investment and payment tools. One of the more recent developments…
“# Digital rights management in the open seas of blockchain systems ” To understand the complexity of digital rights management, or DRM, one must first understand the DRM challenges of current systems and then the challenges (and opportunities) presented by blockchain technology that prides itself on transparency, data linkage and immutability as some of the…
“#M.I.A. shares new track “Babylon” with video” The track and video are up for auction as an NFT, along with an extended version of 2010’s Vicki Leekx mixtape. Emmam Montalvan / Press M.I.A. has shared a new track called “Babylon” along with a music video, streamable at the artist’s website, ohmni.com. She made the track…
“# MyEtherWallet allows users to mint Ethereum blocks as NFTs ” MyEtherWallet, or MEW, launched its first NFT collection called ETH Blocks on Thursday, which tokenizes individual blocks on the Ethereum blockchain. Unique images associated with ETH Blocks are generated based on the block’s data. These NFTs are available exclusively to MEW users via the…
“# Axie Infinity guild CGU helps players enter the fantasy play-to-earn NFT game with ‘scholarships’ ” Axie Infinity, a monster-battling NFT game, has been gaining a lot of traction with over $600 million Axies bought and sold in the past month. Each Axie is a nonfungible token, or NFT, minted on the Ethereum (ETH) blockchain. Similar…
“# NFTs could be ‘as big or bigger’ than all crypto on Coinbase, CEO says ” As Coinbase cryptocurrency exchange is preparing to roll out its own nonfungible token (NFT) platform soon, CEO Brian Armstrong has assessed the importance of the company’s upcoming NFT offering. On Tuesday, Coinbase released its Q3 financial results, reporting $1.2…
“# Sotheby’s will take ETH bids in real time for Banksy auction ” Prestigious auction house Sotheby’s has announced it will accept Ethereum (ETH) bids in real time for its Nov. 18 auction that includes works by famed street artist Banksy. Sotheby’s claims this will be the first time an auction house has accepted crypto…
“# ‘Willing to break the mold’: Bored Apes form Gorillaz-style band for Universal ” A virtual band made up of four expensive cartoon apes from the Bored Apes Yacht Club NFT collection is hoping to become the next big hit in the music industry. The primate band called KINGSHIP will put out music, perform in…
“# Discord drops Ethereum and NFT integration plans after backlash ” Popular community messaging app Discord has been forced to walk back its integration plans with Ethereum (ETH)-based NFTs following strong backlash from a significant number of its user base. The pushback started on Nov. 9 after Discord’s founder and CEO Jason Citron tweeted “probably…