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” Binance to bring fans closer to sports teams with fan token platform “ Crypto exchange Binance has launched a new update to its fan token platform that focuses on helping sports teams engage with their fans by offering various rewards to token holders. In an announcement sent to Cointelegraph, the crypto exchange said that…
” Nifty News: Yuga in doghouse over Kennel Club logo, NFT marketplace wars rage on and more “ New logo slated for Yuga’s dog-themed NFT collection The logo for the Bored Ape Kennel Club (BAKC) from nonfungible token (NFT) conglomerate Yuga Labs is getting a refresh after recently surfaced allegations of intellectual property theft. Yuga…
” What is the network effect? “ The network effect is a phenomenon where the value of a product or service increases as more people use it. As the user base grows, there are more opportunities for interactions, which can lead to increased benefits and positive outcomes for each user. The network effect is a…
” 5 ways to monetize your digital art with NFTs “ Nonfungible tokens (NFTs) offer a new way to sell and distribute digital art, and they have the potential to unlock new revenue streams for artists in the digital age. Here are five ways to monetize your digital art with NFTs. Fractionalized ownership This involves…
” Yuga Labs accused of IP theft for trademarking BAYC wolf skull logo “ The iconic wolf skull logo of Bored Ape Yacht Club (BAYC), Yuga Labs’ premier nonfungible tokens (NFTs) collections, was allegedly illegally trademarked without proper licenses. The image was originally released by a company specializing in drawing tutorials for children and beginners….
” How the Ordinals movement will benefit the Bitcoin blockchain “ Bitcoin (BTC) NFTs will have a positive impact on Bitcoin ecosystem by improving its security and incentivizing developers to build on the network, according to independent developer Udi Wertheimer. The number of newly created Ordinals, also referred to as “inscriptions”, have been spiking in…
” OpenSea implements 0% fees to win over NFT userbase lost to Blur “ Major nonfungible token (NFT) marketplace OpenSea announced a massive structuring around lower platform fees and greater creator earnings as competing marketplaces continue to drain away its once dominant user base. On Feb. 18, NFT marketplace Blur surpassed OpenSea in daily Ethereum…
” YouTube appoints Web3-friendly exec as new CEO “ Google-owned YouTube has appointed Web3-friendly exec Neal Mohan as its new CEO following the departure of Susan Wojcicki this week. Wojcicki stepped down from YouTube on Feb. 16 after nine years at the helm, outlining plans to start a “new chapter” focused on family, health and…
” Co-founders of StoryCo explain how community storytelling can impact franchised IP “ On this week’s episode of NFT Steez, co-hosts Alyssa Expósito and Ray Salmond continue their chat with Justin and J.P. Alanis, the co-founders of StoryCo — an open media platform — on the prospect of a community of creators franchising intellectual property…
” eBay NFT platform KnownOrigin launches creator smart contract “ According to a new twitter post on Feb. 16, e-commerce platform eBay’s nonfungible tokens (NFT) marketplace KnownOrigin will launch creator smart contracts for its artists. With the new contract, artists will be able to split earnings and earn royalties as co-creators. As told by KnownOrigin, users…