Features / 89 posts found

In Web3, Ownership Could Eclipse the Popularity of Play-to-Earn

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If you’ve paid even the slightest bit of attention to the blockchain gaming space, you’re already familiar with a three-letter word that’s come to define this growing gaming sector in the past years: play-to-earn. The world first heard about play-to-earn (P2E) games thanks to Axie Infinity, the massive blockchain gaming juggernaut that aimed to reward players with real money in return for their time and effort. But it’s been a long five years since Axie first showed up on the radars of the terminally online. Today, the game is still reeling from a massive $615 million dollar hack, and the […]

Sex Workers Are Using NFTs to Take Control of Their Content

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Two things are true about sex work: it’s popular, and the people who power the industry are still stigmatized, just like the work itself. While more than half the population of the United States says they’ve watched porn, for example, and traffic to websites like PornHub tally more than 40 billion visitors annually (with the U.S. firmly leading the pack), 56 percent of Americans think that porn is “morally wrong.” Sentiments regarding off-camera sex work are similarly divided, though recent years have seen increasing support for the idea of decriminalizing it. The idea of regulating sex work leads to messy […]

NFT Theft: Here’s How the Dark Side of Web3 Gets Away With It

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How do NFT thieves get away with heists in the millions (or even billions) of dollars, in plain sight? Crypto transactions happen on the public ledger, so finding the culprit should be simple. Despite this, NFT thieves are nearly impossible to catch. Part of the problem comes with the territory, since successful NFT scammers and thieves live on the cutting edge of the space. But there are deeper reasons for this than simply being familiar with the space — and examining the deeper story could help all of us better shield ourselves from future onslaughts. NFT theft, high art, and […]

Magic Eden Opens Up About Its Controversial NFT Tool

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The debate is heating up surrounding creator royalties in the NFT space. Initially instigated in response to platforms like sudoswap, X2Y2, and Yawww emerging as opponents of cookie-cutter creator royalties, the conversation has continued to expand cross-chain, prompting Solana NFT marketplace giant Magic Eden to chime in. In support of creators taking control of their secondary sales kickbacks, Magic Eden has introduced something called MetaShield to its platform. With MetaShield, launched in partnership with NFT marketplace and aggregator Coral Cube, NFT creators now have the ability to review listings and sales of NFTs, giving them a recourse of action if collectors […]

Exclusive: MoonPay CEO Talks Universal Partnership and the Future of NFTs

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When asked about MoonPay’s upcoming collaboration with Universal Parks & Resorts, MoonPay CEO Ivan Soto-Wright couldn’t help but look back on his childhood experiences in the theme park — particularly its long-running Halloween Horror Nights program. “[I]t’s kind of a weird full circle to me. I never actually used to go with my dad back in that day,” said Soto-Wright in an exclusive video interview with nft now. The tagline for the Horror Nights program was that “they’re there to scare the sh*t out of you […] But the point is that they’re there to scare you.” Through its numerous […]

Sell Shaming and Knee-Jerk Negativity: Why Web3 Needs to Do Better

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Criticism is easy. But it’s even easier online, where relative anonymity can tempt people into giving themselves carte blanche to condemn a topic, artistic creation, or personality that has, for whatever reason, become the target of someone’s ire. Examples abound. YouTube comment sections often require an intellectual and moral hazmat suit to navigate, Twitter discourse regularly escalates to mob mentality, and Facebook may as well be the official mascot for the most cringe-worthy political tirades. While breaking with the Web2 contentions above, Web3 isn’t wholly exempt from knee-jerk negativity. Criticism within NFT communities can be even more unsavory than in […]

Pioneering Artist Gossamer Rozen On Identity and the Only Way to NFT Success

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To quote a meme, we live in a society. But the multidisciplinary artist Gossamer Rozen gets this better than most. A seeming jack-of-all-trades, the path to notoriety for the transgender, nonbinary, femme, Filipino/Black fine-art creator has been very complicated. But, despite nearly a decade of not making money from their art, Rozen continued creating, not in the hopes of acquiring greatness, but to achieve a different kind of success, through being true to who they are. “Growing up with a lot of different mental health issues and having come out as transgender when I was 24, art really helped me […]

The Merge Came with a Lesson We Can’t Afford to Ignore

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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 […]

NFTs and the Environment: Why the Anger Is Unjustified

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Despite still being in their infancy, non-fungible tokens (NFTs) have already helped a variety of people accomplish amazing things. The blockchain-based technology has given artists a new way to create and sell their work, allowed researchers to raise money for scientific institutions, and even aided Ukrainians during the Russian invasion (in a number of ways, in fact). NFTs are also at the center of a rather serious controversy regarding climate change and the environment. Specifically, some allege that NFTs increase the already exorbitant carbon footprint of blockchains like Bitcoin and, as a result, significantly contribute to an already worrying climate […]

The Meaning of NFTs: It’s About More Than Money or Art

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What are non-fungible tokens (NFTs)? It seems like a simple question that should have a simple answer. As we outlined in our guide, an NFT is a unique unit of data on a blockchain that can be linked to objects to provide proof of ownership. But that’s just the literal definition of the technology. To really understand NFTs, we need to go beyond that. We need to understand their meaning, i.e., how they are valued and used. The two most common answers when discussing the value and use of NFTs are as follows: 1) NFTs are digital assets that let […]
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