blockchain / 38 posts found
U.K. Court Says Lawsuits Can Now Be Airdropped
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
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.
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 […]
Everything You Need to Know About Crypto and NFT Wallets
You can take a dollar bill, fold it in half, and carry it around in your pocket. Or you can stack all your bills together and store them in a safe. Unfortunately, you can’t do the same with crypto and NFTs. So, before you get started with NFTs, you’ll need something to store your crypto and the digital assets you acquire in the crypto space. This is where crypto wallets come in. In short, a crypto wallet is a physical device or computer program that allows you to store and transfer digital assets. How do crypto wallets work? As you might […]
Everything to Know About the Tezos Blockchain and NFTs
Tezos has become one of the world’s most popular blockchains for non-fungible tokens (NFTs). Wondering why? Just look to the climate for the answers you need. Over the course of 2021, there was a significant increase in concern regarding the environmental impact of NFTs and blockchain technologies. Tezos stands as a far greener alternative. As a result, as the nonfungible ecosystem expanded, the Tezos NFT market substantially increased in popularity. Of course, there are also scaling factors to take into account. Thanks to its fast and cheap transactions, where many other blockchains struggle, Tezos seems to excel. Additionally, Tezos is […]
$34M Locked in a Smart Contract. Was the Akutars Exploit Avoidable?
Last Friday (April 22), Micah Johnson’s anticipated Akutars project launched to great fanfare. Unfortunately, things went sideways quickly. Soon after collectors began flooding the website to take part in the drop, an issue with the project’s smart contract caused a fiasco that ultimately resulted in the loss of a staggering $34 million. While events have since been set in motion to continue the awaited drop and potentially recoup losses, the launch is already being seen as a cautionary tale — one that has greater implications on the NFT ecosystem at large. A preview of Akutars NFTs What happened with Akutars? […]
Moonbirds: A Perfect Storm That Highlights the State of the NFT Ecosystem
Things move fast in the NFT space. Although the ecosystem as a whole does experience periods of stagnancy, for the most part, trading NFTs has become a “blink and you’ll miss it” sort of game. Just in case that wasn’t clear already, a new project called Moonbirds popped up recently, taking the NFT market by storm and reminding traders of the difference a single day can make. A generative, large-scale avatar NFT endeavor, Moonbirds shocked the NFT ecosystem by quickly becoming one of the highest-grossing NFT collections of all time – and it’s only been around for less than a […]
Fact Check: Does Meta Actually Charge More Fees Than NFT Platforms?
Earlier this week, Meta made headlines when the company announced details about forthcoming tools for Horizon Worlds, a virtual reality video game created by the company. Meta is creating new features for the game that will enable creators to sell digital items and art. In a blog post published on April 11, the company revealed that it would be taking a cut of 47.5% from all sales. First, they charge a “hardware platform fee” of 30% for any sales completed via the Meta Quest Store (a marketplace for VR-enabled apps and games). Second, there is a 17.5% fee that comes […]