blockchain / 38 posts found
Exclusive: Avalanche Unveils New Marketplaces and Plans to Bridge the Physical-Digital Gap
The Alpha Two new marketplaces are coming to the Avalanche blockchain. Today, May 19, Superchief Gallery NFT and Zeroone both announced partnerships with Avalanche and parent company Ava Labs respectively. Further, Avalanche shared that it has entered a partnership with Legitimate to bring phygital experiences to its events. Dive deeper Things have been getting interesting on Avalanche (AVAX) as of late. While NFT trading efforts have largely been corralled to Ethereum, Solana, Tezos, and Bitcoin over the past year, the burgeoning Proof-of-Stake blockchain network has made strides in the NFT space with significant developments. Web3 first got a glimpse into […]
On-Chain-Strain: How Ordinals Inscriptions Are Impacting Bitcoin
Bitcoin NFTs, better known as Ordinals, have become nearly inescapable as of late, with more than 89,000 inscriptions in existence. For the first time in Bitcoin’s 14-year history, the blockchain is being used for something other than peer-to-peer transfers, but not everyone is pleased. While a significant portion of Web3 is thrilled with the way this new area of the NFT market is growing, others have raised concerns about the novel tech behind this burgeoning sector. Although opportunity abounds as more users find it possible and desirable to move their collecting and trading efforts over to Bitcoin, the blockchain itself […]
NFTs 2.0? When Will Soulbound Tokens Arrive?
Think back to May of 2022. Spring is here, the NFT100 is a month away, and Ethereum Co-Founder Vitalik Buterin just made a huge announcement: Soulbound Tokens (SBTs). The idea — which came via a white paper entitled “Decentralized Society: Finding Web3’s Soul” — inspires “oohs” and “ahhs” throughout the metaverse. That same month, the paper’s co-author E. Glen Weyl states that early uses of SBTs may be available by the end of 2022. Yet, fast forward to January 2023, and where are all these early use-case SBTs to be found? Did the NFT space glaze over this potentially paradigm-shifting technology […]
5 Unique NFT Use Cases That Will Dominate 2023
A lot has changed in the NFT space over the past year. While in 2021, nonfungible tokens absolutely exploded, in 2022, Web3 saw the maturation of the NFT space fast-tracked thanks to a bear market. Sure, artists still found ways to sustain themselves, and NFT collectors evolved into prominent Web3 builders, but the wild west that was the NFT market cooled off significantly. Of course, this isn’t a bad thing. Far from it, in fact. While numerous investors and influencers quickly became quiet when the million-dollar profits stopped coming in, the NFT space as a whole was propelled forward. Collectibles and […]
Cardano NFTs Are Surging: Here’s What You Need to Know to Onboard
As the Web3 ecosystem expands, the future of non-fungible tokens has become even more impossible to predict. While in 2021 it would’ve been possible to make a case for the long-term viability of Ethereum-based (and possibly only Ethereum-based) NFTs, today, Solana, Tezos, and Flow have grown into their roles as major competitors in the space. Yet, as the market continues to wax and wane, even hardcore supporters of alternative NFT blockchains have begun to falter in their beliefs. As the creator royalties debate drives collectors in the direction of (and then from) blockchains like Solana, another major shift in blockchain […]
How Reddit’s Collectible Avatars Blew Up the NFT Space
On July 7, 2022, Reddit announced the launch of a new project: Collectible Avatars. These limited-edition PFPs, created by independent artists in partnership with the company (in addition to popular Reddit community creators), would confer unique platform benefits to their owners. Backed by the Polygon blockchain and available for purchase at a fixed price in fiat, it was Reddit’s first large-scale foray into the NFT space. The announcement took many by surprise. The social platform’s NFT subreddit had long been a terrifying and cacophonous place where you were equally likely to encounter either seething NFT hatred or annoying and malevolent […]
Warner Bros. Chooses The Lord of the Rings for Its First Film NFT Release
The Alpha: Warner Bros. Home Entertainment (WBHE) has announced the launch of what it’s calling the WB Movieverse with The Lord of the Rings: The Fellowship of the Ring (Extended Version) Web3 Movie Experience NFT, a company executive explained in an interview with nft now. The film is the first in an anticipated series of Web3 movie offerings from the company. Starting October 21, 2022, fans can purchase the movie as a multimedia NFT that allows them to engage with the film through two dynamic menu options — The Mystery Edition and The Epic Edition, priced at $30 and $100, respectively. […]
Here’s Why the Path to Decentralized Marketplaces Won’t Be Linear
On March 3, 2022, NFT marketplace giant OpenSea initiated a large-scale ban and removal of accounts associated with an Iranian IP address in an attempt to comply with U.S. sanctions law. OpenSea had no choice but to obey the federal requirement, though many critiqued the platform for having communicated and executed the move poorly. Several Iranian-born artists who no longer reside in the country found themselves locked out of their accounts or had their collections removed entirely. The move reinvigorated a debate that is as old as crypto itself. “We need a truly decentralized marketplace, NOW,” one Twitter commentator wrote […]
SuperRare Co-Founders Explain How the Merge Will Shape the Future of NFTs
The Ethereum merge is still fresh. Not even a month has passed since the second-largest blockchain switched from an energy-intensive proof of work validation mechanism to proof of stake, lowering its energy consumption by 99.5 percent. But context clarifies the magnitude of this change. In the summer before the merge, Ethereum consumed nearly 60 tera-watt hours (TWh) per year, which was roughly on par with the country of Uzbekistan’s annual energy needs. It also meant that the blockchain had a carbon footprint comparable to Azerbaijan’s, emitting roughly 33 megatons (MT) of carbon a year. Take a look at the graph […]
The Merge Came with a Lesson We Can’t Afford to Ignore
Society has never been very good at dealing with the emergence of new technologies. Even a cursory look at history reveals some of the usual suspects: the discovery and harnessing of electricity, the advent of the world wide web, and the birth of artificial intelligence, for a start. In every case, people met these technological advancements with a mix of fear, optimism, caution, and even indifference. In the 1920s, the New York Edison Company had to advertise in the newspaper to convince the public of electricity’s utility. Shortly after the British scientist Tim Berners-Lee invented the world wide web (as […]