web3 / 509 posts found
Grant Yun on Surviving the Bear Market: “People Who Aren’t Here Are Going to Miss Out”
Grant Yun is a man of many hats. Despite being a medical student by day and a break dancer by night, the Milwaukee resident has managed to make his mark on the digital art market with six-figure sales and auctions at Christie’s and Sotheby’s. His Neo-Precisionist artwork frequently explores landscapes and scenery native to the Midwest and has become instantly recognizable in the NFT space. In a thoughtful interview, Yun explains how he manages time between his art career and studies, shares tips for building a strong collector base, and opens up on staying grounded despite the challenges of the […]
Binance Accuses SEC of Misleading Public Amid Ongoing Lawsuit
Binance.US, its global counterpart Binance Holdings Limited, and the firm’s CEO Changpeng “CZ” Zhao have accused the U.S. Securities and Exchange Commission (SEC) of deliberately misleading the public through statements it made surrounding a currently unfolding securities lawsuit. The allegation is part of a motion filed by legal representatives of the cryptocurrency exchanges on June 21 in the U.S. District Court for the District of Columbia. “No compelling evidence” The filings argue that the SEC’s assertions made on June 17, as detailed in a press release, were “misleading” and called for the financial watchdog to adhere to the “applicable rules […]
How ClownVamp Is Bringing Queer Visibility to Web3
Artists who use AI tools like Stable Diffusion and Midjourney often catch flack for producing work that is somehow cold, unfeeling, or lacking a distinctly “human” touch. The great irony buried just beneath the surface of this critique is twofold; first in that it glosses over the necessarily collaborative nature of such tools. But the second rebuttal to that kind of decontextualized condemnation contains an almost poetic paradox: after all, the machine learning processes that form the foundations of these programs are part of a field of study that is specifically geared toward replicating human intelligence. In other words, reproducing […]
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 […]
What are Ethscriptions? Inscriptions on the Ethereum Blockchain, Explained
Bitcoin Ordinal Inscriptions have significantly impacted the Web3 space since the Ordinals protocol was introduced in January 2023. Millions upon millions of Inscriptions have been minted, inspiring established projects to expand from Ethereum and Solana to Bitcoin. Ordinals also seem to have inspired Ethscriptions — a recently launched (and quickly adopted) protocol that enables the creation and sharing of digital entities on the Ethereum blockchain (as long as they’re under 96 kilobytes). Created by Tom Lehman, co-founder of Genius.com, the innovation has sparked considerable interest since its June 17 launch, with over 130,000 Ethscriptions generated to date. To add to […]
Understanding the ApeCoin DAO Election with Secretary Vulkan
The much-awaited ApeCoin election commenced its first day of voting on Thursday, June 15, at 6 p.m. EST. The election has captured heightened attention and has been amplified by the many daily Twitter spaces on the topic. This intense interest stems not just from Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) members but also from those outside these communities who seek to understand the election’s structure and dynamics. The surge in attention is due in no small part to the recent controversy involving the compensation and grants of its Special Council Members. However, not only is […]
Now Trending: Established Projects Debuting Bitcoin Ordinals Collections
When Ordinals made their debut in January 2023, they were viewed as a novel but largely passing trend. Just a few months later, it has become apparent that Bitcoin NFTs are here to stay and that their contributions to the Web3 ecosystem are far from just a fleeting phenomenon. More than 11 million Ordinals Inscriptions have been minted, including record-breaking blocks, Punks derivatives, and Cursed Ordinals. Even highly noteworthy projects from other blockchains — like the inimitable DeGods — have started expanding to Ordinals, with other collections soon following suit. The sphere of Bitcoin NFTs has welcomed (and continues to welcome) a slew of newcomers from both […]
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. […]