web3 / 509 posts found
Five Factors That Led to Ether’s Paused Public Mint
After two years of development, the Ether project finally launched its much-anticipated mint on June 30 to allowlist members. However, after the project launched its public sale a week later on July 9, the team paused the public mint due to a lack of activity. At the time of writing, less than half of the total supply has been minted. While the low amount of mints could be seen as an immediate cause for the pause, the current state of the project has been shaped by a multitude of influences. These include community feedback and responses about elements like price, […]
Web3 Music Platform Sound.xyz Announces New Era of Open Accessibility
Over the past few years, the music streaming landscape has continued to shift drastically. With the proliferation of Web3 music bringing new interest to the potential of blockchain technology, Web3 services and platforms have found it necessary to evolve — and fast. Still, none seem to have gone as above and beyond to communicate the promise of tokenized music to both artists and fans than Sound. Having existed primarily as a closed, curated platform since launching in 2022 (generating $5.5 million in revenue for a select group of creators), Sound (often called Sound.xyz) is now transforming to make Web3 music […]
Wolf Game Launches New PvP Arena, “The Peak”
Popular blockchain-based Wolf Game has announced the introduction of a brand-new feature: The Peak. The Peak is a new PvP arena that offers an opportunity for avid Wolf Game players and new entrants to engage in three mini-games, all for $WOOL rewards. In a press release, the Wolf Game team says it envisions an evolving landscape of competitive gaming with the potential to introduce team play, tournaments, life-and-death stakes for Sheep and Wolves characters, and collaborations with well-known brands. Wolf Game has made significant strides since its inception, generating almost $150 million in sales. The venture has caught the attention […]
StepN Paves the Way for Gas Hero, a New Game From Find Satoshi Lab
Web3 development studio Find Satoshi Lab (FSL), famed for creating the move-and-earn lifestyle game StepN, has unveiled a new game: Gas Hero. They’re launching a competition called Shape the Legends, Share the Glory to commemorate the release. The competition urges community members to design their own version of the game’s NFTs — called Genesis Heroes — for a chance to win two percent creator royalty fees as well as a portion of the game’s utility token, $GMT. This competition signals a possible shift in Web3 gaming, encouraging the participation of its players even before the game’s launch. Gas Hero will […]
Terraforms Are Trending, Here’s Why You Should Be Paying Attention
Every once in a while, an NFT advent arrives that shakes the foundations of Web3. At first, the sole innovator of the metaverse seemed to be PFPs. Then came text-based NFTs, open editions, minigames, and so on — expanding outward to more conceptual advents like Soulbound Tokens and phygital goods. Anecdotally, it’s been anyone’s guess as to what might set off a new trend and bring both interest and copycats to a budding sector of the NFT market. Yet, after many hype cycles have come and gone and with no clear breadwinner currently in sight, an unlikely suspect has reemerged […]
An AI-Generated Nude Just Sold for $340,000. So, Why Are People Angry?
With all the developments in AI art in the last year taking up so much of the public awareness, it can be easy to forget that the movement has roots that reach back far before Stable Diffusion or Midjourney arrived on the scene. Robbie Barrat, for example, is a household name in the artificial intelligence and generative art universe and also represents an important part of crypto art history. Having experimented with machine learning and GANs (generative adversarial networks) since 2018, Barrat’s early explorations led him to produce a series of 300 AI-generated nude art portraits that have since become […]
Game Over for Sega NFTs? Gaming Giant Backtracks From Blockchain Plans
In a surprising turn of events, Japanese gaming giant Sega has announced its retreat from blockchain initiatives, fueled by concerns over the devaluation of its content. Sega had once been an advocate of blockchain-based gaming, notably filing for a “Sega NFT” trademark in Japan in December 2021. However, co-chief operating officer Shuji Utsumi has expressed his disillusionment with the play-to-earn model of blockchain games, criticizing them as “boring” and “no fun,” according to an interview with Bloomberg. A divided industry The about-face comes on the heels of Sega’s partnership in late 2022 with Japanese studio DoubleJump.Tokyo to develop a blockchain-based […]
Vitalik Buterin Applauds Bitcoin Ordinals, Foresees Shift From “Laser-Eye Movement”
In a nearly two-hour-long Twitter Space on July 7, Ethereum co-founder Vitalik Buterin lauded the advent of Bitcoin Ordinals, heralding it as an “organic return of builder culture” to Bitcoin. This conversation, which also included Bitcoin advocates and Taproot Wizards stakeholders Eric Wall and Udi Wertheimer, revolved around the recent stirrings in the Bitcoin ecosystem caused by Ordinals. A revitalized builder culture Buterin said he believes Bitcoin Ordinals are a decisive push against “stagnant” politics within the Bitcoin network, suggesting an emerging proactive and constructive culture. Despite early cultural disruptions, he considers these changes to be ultimately necessary for progress […]
Meta’s Threads: Strategies for Leveraging the App for Web3 Success
There’s a general consensus within the digital community that early adoption often yields the greatest rewards. In the context of Meta’s newest Twitter rival, Threads, creators have a unique opportunity to establish their presence and grow their influence. Threads is currently less saturated than platforms like Twitter, so some Web3 users find it a more focused environment. Less noise doesn’t mean a smaller audience – it means a higher chance of being seen and engaged with. Whether you’re an artist or brand navigating the Web3 space, here’s how you can optimally harness the capabilities of the new Threads App to […]
How Forgotten Runes Is Using ChatGPT to Build a Fantasy Empire
What is the point of an NFT project? How do they sustain themselves, and what truly differentiates one from another? These kinds of Web3-related questions are unique in that they come from both crypto art veterans and those who still find the very concept of NFTs to be a bit absurd. They also sit at the crux of what is arguably the NFT ecosystem’s greatest challenge: justifying its own continued existence. Not many projects have come up with a good, lasting answer to these questions, and it’s not always for lack of trying. Despite sincere efforts and the exceedingly common […]