Features / 303 posts found
The Now Pass Sold Out. Here’s What’s Next.
It’s official. The community has spoken, and the future of media is tokenized. The Now Pass has officially minted out, raising 624 ETH ($1.1 million) in under 48 hours. This landmark moment supports our vision for the Now Network — the foundation for all of nft now’s initiatives to build the future of tokenized media, pioneer a community-centric media model, and bring about a more creator-friendly future. These results are awe-inspiring for a two-year-old media company, not to mention any project in the depths of a bear market. The fact that we accomplished this when more traditional Web2 publications like […]
Do BAYC Holders Really Want Gucci in Their Metaverse?
Luxury fashion house Gucci is doubling down on its Web3 ventures. Although the brand has maintained an elusive presence on the blockchain thus far, the recent announcement of a partnership with Yuga Labs’ coveted Otherside metaverse project has set the NFT space abuzz with speculation. While the companies had previously indirectly collaborated on offerings, this latest team-up is set to be a more robust and ongoing initiative centered within the broad-scale Yuga and Bored Ape Yacht Club metaverse. But, given Gucci’s past in Web3, is this something that will actually be of desire and benefit to those who hold Yuga […]
The Story of NFTs: Artists, Technology, and Democracy (Review)
The significant drop in the price of Bitcoin from $47,000 to $16,000 in 2022, along with a related fall in the average price of NFT art from $3,200 in 2021 to $1,200 in late 2022, led many commentators to declare a “crypto winter.” But, the authors of The Story of NFTs: Artists, Technology, and Democracy, a new book released on March 7 with Rizzoli — offer a different metaphor. Co-author Amy Whitaker told nftnow that the structure of NFTs and crypto is similar to hiking in Yosemite, where there had been a forest fire several years earlier. “The giant trees […]
Web3 vs Traditional Record Deals: How Do They Really Compare?
There’s little more to say about the state of the legacy music industry that hasn’t already been said. These days it’s common knowledge that labels and execs rake in the dough while artists make pennies. And to top it all off, touring — which has anecdotally been a major breadwinner for artists — has increasingly become unsustainable thanks to monopolized ticket marketplaces. This is precisely why, to take a better crack at independence, artists and musicians have been flocking to Web3. Due in no small part to the fact that the blockchain is revolutionizing the artist-fan dynamic, those looking to […]
OpenSea: The Ultimate Guide to Its Tools, Features, and Controversies
If you know Web3, you know OpenSea. Since its launch at the end of 2017, the NFT marketplace has largely been the poster child for the world of Ethereum and crypto art, and it’s got the numbers to prove it. OpenSea’s total historical trading volume sits comfortably at just shy of $41 billion, according to Dune analytics. To put that in perspective, KnownOrigin, one of OpenSea’s competitors that launched around the same time, has a total trading volume of just over $30 million. Having dominated the market for almost six years, OpenSea has been as influential to the NFT ecosystem […]
11 Black Founders Driving Innovation in Web3
Similar to Black artists, Black founders are making significant strides in the Web3 space, forging a path for themselves and their communities. However, they are still underrepresented. According to data from Crunchbase, Black founders in the U.S. received approximately $2.254 billion in venture capital funding out of the total $215.9 billion allocated. That’s only about one percent of capital raised. These trailblazers deserve recognition for their innovation, resilience, and the impact they’re making in the decentralized landscape — not just during events like Black History Month, but every day. With this in mind, nftnow has teamed up with Umba Daima, […]
If Web3 Is the Future, How Can We Onboard the Masses via Email?
In Web3, innovation can often seem like an all-or-nothing endeavor. Considering the NFT space is fueled by decentralization and thrives on transformative ideologies surrounding the advent of crypto, AI, and non-fungibility, the tolerance level for technologies perceived as antiquated feels significantly low. Yet, the future currently being created on the blockchain is not necessarily a zero-sum game against Web2. The truth remains that iteration is sometimes the only path forward when incepting revolutionary tech. To create the world of tomorrow, we must learn from the world of the past. While many links have already been established between the NFT space […]
The Creators of the First NFT Talk New Collection, Web3 Future
Jennifer and Kevin McCoy need little introduction. Ten years ago, the acclaimed artists introduced the world to Quantum, the first art NFT ever created. Quantum found its home on the Namecoin blockchain in 2014, when Kevin McCoy decided to mint it as an NFT to establish the provenance of the digital image. The Web3 world might see minting an NFT for such a reason as a banality these days, but in 2014, the idea was revolutionary. Provenance documents for digital art didn’t exist at the time, and Quantum showed the world that blockchain technology could solve the problem of ownership […]
Exclusive: DeGods’ Kevin III Talks Bitcoin Branch, y00ts Future
In the past year, DeGods has defied expectations to become the ultimate NFT comeback story. Born on Solana, the large-scale PFP endeavor and its counterpart, y00ts, have continued to drive conversation surrounding the cross-chain compatibility of generative avatars while simultaneously planning to branch over to Ethereum and Polygon, respectively. Now, DeGods has decided to take its multi-chain endeavors a sizeable step further by bridging a select set of NFTs from the original Solana collection over to Bitcoin as Ordinals Inscriptions. Dubbed “DeGods on Bitcoin,” this latest venture will introduce a first-of-its-kind minting experience on Bitcoin and is said by Dust […]
14 Women and Women-Led Projects Building the Future of Web3
The face of Web3 is not what you think it is. The idea that it’s the exclusive arena for wealthy finance-turned-crypto bros is an inflated stereotype that finds less and less grounding in reality with each passing day. The stubborn perception that it is, however, remains undeniably potent. Being airbrushed from history in just about any field or industry is nothing new to women, which is why it’s crucial that the Web3 community acknowledge those driving the space forward while they’re doing it, not just in retrospect. Just as NASA’s early successes in the 1950s and 60s would not have […]