brands / 171 posts found
Zora Launches Its Own Layer 2 Chain: Zora Network
On June 21, the NFT marketplace Zora announced the launch of Zora Network, a new layer 2 blockchain solution meant to provide improved digital infrastructure to the artists and brands that have used their platform in the past. The network, which is supported by over 35 Web3 entities — including Sound.XYZ, Rainbow Wallet, and PleasrDAO — will be able to better serve the platform’s 100,000 monthly active users by unlocking structural advantages for Zora’s platform and ensuring its ability to scale properly. In the context of blockchain tech, a layer 2 solution is a secondary protocol built on top of an existing […]
Binance Lays Off 50 U.S. Staff, Faces Investigation in Europe
Binance, the world’s largest cryptocurrency exchange, is facing mounting regulatory challenges in Europe and the United States in the aftermath of the United States Securities and Exchange Commission (SEC) filing a civil lawsuit against the company on June 5. French authorities are investigating the company for alleged “aggravated money laundering” and other illegal activities related to digital asset services, according to Le Monde. Simultaneously, Binance is preparing to exit the Netherlands after failing to secure a virtual asset service provider (VASP) license, the company explained in a blog post on June 16. On top of that, Binance’s U.S. affiliate has […]
Machi Big Brother Files Defamation Suit Against ZachXBT
Today, well-known NFT trader and crypto figure Jeffrey Huang, who goes by the Web3 pseudonym Machi Big Brother, announced he had filed a lawsuit against on-chain internet sleuth ZachXBT. Huang accused the latter of “publishing and maliciously promoting an article that falsely presented [Huang] as a criminal that had embezzled millions of dollars of cryptocurrency and manipulated markets” and refusing to take down the post and associated tweet when asked. The article Huang is referring to in the lawsuit is entitled “22,000 ETH Embezzled and Over Ten Projects Failed: The Story of Machi Big Brother (Jeff Huang)” and was published […]
Exclusive: Proof Collective Announces Foundry, Multi-Purpose Gallery in LA
Proof Collective — an exclusive members-only NFT community responsible for projects like Moonbirds, Oddities, Grails, and Emotes — has revealed its intention to launch a real-world, multi-purpose gallery and event venue situated in downtown Los Angeles’ Arts District. The venue is envisioned as a “hub where the Proof community, including Web3, traditional art, and entertainment spheres, can gather,” with artists also having the opportunity to create and display their creations. “What I hope to build is Proof’s great relationship to support artists, a great community to come by and be part of that, to be patrons,” Justin Mezzell, co-founder of Proof, told nft now. […]
a16z Chooses the U.K. for First International Expansion
Andreessen Horowitz (a16z), the venture capital behemoth known for its role in the ascension of Web3 platforms like Dapper Labs, Foundation, and more, has announced plans to establish its first international outpost in London. The strategic move comes amidst an escalating climate of regulatory scrutiny towards crypto exchanges in the United States, highlighted by a recent lawsuit filed against Coinbase, a former Andreessen Horowitz portfolio company, by the U.S. Securities and Exchange Committee (SEC). Responding to the U.S. crypto climate After over a decade of shaping Silicon Valley’s tech landscape from its Menlo Park base, the firm is now extending […]
Binance.US to Halt Fiat Withdrawals As Early As June 13
The fallout from the U.S. Securities and Exchange Commission’s (SEC) civil lawsuit filing against Binance, the most popular crypto exchange by volume, continues this week, with Binance.US, the American arm of the global exchange, announcing a temporary halt to all fiat withdrawals late Thursday, June 8. The exchange attributed the move, which is expected to take effect as early as June 13, 2023, to its banking partners, who have indicated their intention to suspend USD fiat operations with the company. “As a result,” Binance.US wrote on its Twitter account yesterday, “in an effort to protect our customers and platform, today […]
Dust Labs’ de[id] Is a One-Stop Digital Hub for y00ts and DeGods Holders
Dust Labs has just initiated the roll-out of de[id], their new Web3 ID profile platform, specifically designed for DeGods NFTs and y00ts NFTs holders. The two projects have merged their Discords in favor of this more streamlined system. Frank DeGods, Founder of DeGods, says the goal of the platform is simple: to build software that helps people “save time, make friends, and earn money.” Even though it’s in its early phase, the platform harbors ambitious goals to set itself apart from any existing Web3 profile. Here are some of its features. de[id] and wallet safety Credit: Dust Labs The de[id] […]
Exclusive: Foundation Announces Dynamic NFT Pricing Feature
The NFT marketplace Foundation has launched Dynamic Pricing, a new, automated feature on the platform meant to simplify pricing for creators, according to information shared exclusively with nft now. Dynamic Pricing leverages a Rebate Dutch Auction mechanism, a pricing model designed by Foundation to help creators navigate the complex and often intimidating process of pricing their creations. Credit: Foundation Greater control and transparency Appropriately estimating the price of an NFT can be tricky as a creator in Web3; if the price is too high, it could result in sluggish or (in some cases) no sales at all. Conversely, setting the […]
Louis Vuitton Announces $41,000 ‘Treasure Trunks’ NFTs
Two years after its first NFT foray, Luxury fashion house Louis Vuitton is again turning heads in the world of Web3. On June 6, the brand announced a collection of ‘phygital’ Treasure Trunk NFTs that will give owners access to exclusive future products, experiences, and a community of fellow holders. Priced at €39,000 (over $41,000) a piece, the production of these unique tokens — and their physical twin counterparts —will be limited to several hundred pieces. According to Vogue Business, this venture is part of the brand’s new “Via” initiative — derived from the Latin word for “road.” While this price […]
SEC Charges Binance With 13 Counts of Securities Laws Violations
In a major development, the U.S. Securities and Exchange Commission (SEC) has lodged a comprehensive lawsuit against Binance, the world’s largest cryptocurrency exchange. The lawsuit, which details 13 separate charges, was filed in federal court on Monday, June 5, and accuses Binance of mismanagement of customer funds and deception towards regulators and investors about its operations. “Through thirteen charges, we allege that Zhao and Binance entities engaged in an extensive web of deception, conflicts of interest, lack of disclosure, and calculated evasion of the law,” SEC Chair Gary Gensler said. “As alleged, Zhao and Binance misled investors about their risk […]