blockchain / 15 posts found

Dan Harmon’s New NFT Series Gives Fans “Krap” Control

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The entertainment industry is getting serious about NFTs. For example, The Walking Dead metaverse has seen massive success in the Web3 space, and even comic book publishers have used NFTs to change how they interact with their fanbases. Now, a major television broadcast network is doing the same. Co-Creator of Rick and Morty Dan Harmon and Blockchain Creative Labs (BCL, Fox Entertainment’s Web3 studio) have released a series of NFTs for the upcoming animated series Krapopolis, a show about a dysfunctional family of humans, gods, and monsters set in mythical ancient Greece, according to a press release shared with nft […]

The WAX Blockchain Has Become a Hub for Web3 Gaming. Here’s Why

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The Worldwide Asset Exchange, better known as WAX, is undoubtedly one of the most popular blockchains for non-fungible tokens (NFTs). Heralded as one of the most prominent networks for digital collectibles and virtual items, it’s a widely used and highly efficient choice for many NFT enthusiasts. And the blockchain has achieved this reputation despite flying under the proverbial radar, as landmark sales and viral collections on Ethereum, Tezos, and Solana continue to trump WAX in the court of public opinion. While art NFTs have been proliferated in mass by WAX’s competitors, the blockchain has maintained popularity as a host to […]

8,000 Solana Wallets Attacked in a Multimillion Dollar Hack

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Late Tuesday evening, scores of Solana suddenly found their crypto wallets completely drained of their digital contents. Unidentified hackers had broken into thousands of hot wallets — software-based crypto wallets that require an active connection to the internet — and arranged for the transfer of all funds in these wallets to an unknown third party. Solana initially confirmed the hack in a Tuesday night tweet, saying: “Engineers from multiple ecosystems, with the help of several security firms, are investigating drained wallets on Solana. There is no evidence hardware wallets are impacted.” Then Solana made a follow-up tweet early Wednesday morning, […]

Half of ETH Raised From Primary NFT Sales Stayed in the Space. Here’s Why

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The blockchain’s immutable record provides unique opportunities to study the crypto and NFT ecosystem. Specifically, looking at money flow through the network can be a helpful lens on current dynamics in the NFT and crypto space. And, NFT market participants spent roughly $2.7 billion (963,227 ETH) minting NFTs between January 1 and June 30 of this year, according to a recent report by the blockchain analytics platform Nansen. During that time, 50.7 percent of the ETH raised from a project’s primary sales stayed in the NFT communities. Another 45.7 went to non-entity wallets, which the Nansen team defines as addresses […]

A New Web3 Email Design Aims to Tackle NFT Fraud

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Fraud in Web3 is, to put it mildly, a problem. In the first six months of 2022, Web3 projects lost a total of $2 billion to hacks and other fraud schemes, according to a report by the blockchain auditing and security company CertiK. Given that Web3 is still an emerging space, it’s unsurprising that a significant portion of these losses come from an abuse of communication logistics in the NFT space. Hackers repeatedly target project Discords and fill them with malicious links; wallet interfaces have such a lousy track record of being used against NFT community members that companies are […]

How You Can Launch the Perfect DAO for the Web3 World

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Like many Web3 technologies, decentralized autonomous organizations have the potential to disrupt and transform the way that corporations, organizations, and nonprofits traditionally operate. But in the last year, decentralized autonomous organizations (DAOs) have made national headlines, garnering attention from investors, operators, and scientists alike.  But what makes DAOs so special? In this guide, we’ll walk you through the steps for DAO creation, important decisions to consider, and best practices for successful operation. However, first we need to talk about what a DAO really is. Unpacking DAOs for a Web3 future By definition, as listed in our nft dictionary:  “A DAO […]

OpenSea Just Laid Off 20% of Its Staff

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OpenSea has let 20 percent of its staff go, in a colossal decision to weather the crypto winter that everyone in the NFT space is living in, according to a tweet from Co-Founder and CEO OpenSea Devin Finzer. And while the broader context of a market downturn has many worried about the wider Web3 and NFT space, Finzer stressed his belief that we’re in for an “explosion in innovation and utility across NFTs,” hinting at a brighter future for everyone. Today is a hard day for OpenSea, as we’re letting go of ~20% of our team. Here’s the note I […]

U.K. Court Says Lawsuits Can Now Be Airdropped

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In the U.K., it’s okay to sue other people by airdropping their digital wallets with NFTs. Yes, you read that right. A judge in the U.K. granted permission to serve a person a lawsuit using a blockchain ledger via a nonfungible token ⁠— marking the first time an NFT gained the status of legal documentation in court proceedings this week in the country, according to court documents initially reported by Bloomberg. While a U.S. court made a similar decision to authorize lawsuit filings via NFTs in June, this means prized NFTs are becoming more normalized in court proceedings on an […]

What is Blockchain? | The Ultimate Guide

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As cryptocurrency continues to be a hot topic, you may be wondering if your business can benefit from crypto like bitcoin. But what if I told you the biggest opportunity for businesses of any kind is actually related to the technology that underlies bitcoin — blockchain. Blockchain, the public ledger that records all bitcoin transactions, is more than just a fad — it’s changing life as we know it. Don’t believe me? Follow along to learn more about blockchain and how it works, who’s using it, and the future of the technology. Feel free to email, bookmark, or jump to […]

Artists Are Flooding to The Solana Blockchain to Sell NFTs. But There’s a Problem.

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As prices plummet and sales slow, many in the NFT space believe that we’re entering a bear market. While others believe that this dip is only temporary, it’s a stark contrast to bullish market that saw NFTs mint overnight millionaires over the course of 2021. Recent activity reports on the Solana blockchain more or less corroborate this industry-wide trend. Legions of artists have been flocking to the platform, only to find their work collecting digital dust. A surplus of sellers In April of 2022, there were under 400k unique sellers on the Solana blockchain. In May, that number rose to […]
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