blockchain / 19 posts found

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 […]

The Merge Finally Happened. Ethereum Will Never Be the Same

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The Alpha: The merge, Ethereum’s long-awaited and technically staggering switch to a proof-of-stake consensus system, has finally happened. The colossal move officially marks the joining of Ethereum’s mainnet execution layer with its Beacon Chain consensus layer. Ethereum developers created the Beacon Chain in 2020, and until now, it has been running in parallel with the Ethereum mainnet. Having officially switched from its original proof-of-work consensus mechanism, the Ethereum blockchain’s energy consumption is expected to fall to between 99.5 and 99.99 percent. Why it matters NFTs have long held a (somewhat unjustified) reputation for being environmentally disastrous, as the blockchains most […]

OpenSea and Fair.xyz’s Soulbound ‘Minter Token’ Honors NFT Innovators

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The Alpha: A Web3 enterprise called Fair.xyz that builds tech to improve smart contract functionality announced a new partnership with OpenSea on Wednesday to release its new “Minter Token” feature, according to a press release shared with nft now. The Minter Token is a soulbound token that cryptographically proves that a wallet owner minted an NFT, even if the owner has sold or transferred the digital asset. The tool analyzes a user’s wallet and creates a 3D generative artwork that displays the minted NFT. In the future, the Minter Token could expand to include other soulbound token use cases like […]

Ethereum Merge: Here’s What to Expect From the Groundbreaking Move

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The mythical merge is finally coming to fruition. And, after a rough-and-tumble year for the crypto world, Ethereum’s long-awaited software update could inject some much-needed energy into the Web3 space while scoring a significant win for the environment. The transition, years in the making, is technically sophisticated, controversial, and likely to be the biggest event in the crypto space for some time to come. So, let’s break down what the merge is, why it’s essential, and what it means for the future of the crypto and NFT space.  What exactly is the merge? The Ethereum blockchain is the technical infrastructure […]

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 […]
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