web3 / 509 posts found
Formula 1 Embraces Blockchain Technology with NFT Tickets on Polygon
The Alpha: In a significant push toward the integration of blockchain technology into the realm of global sports events, Platinium Group, a primary ticket provider for Formula 1, is set to usher in a novel age of ticketing. The Monaco Grand Prix, held May 26-May 28, will serve as the launchpad for issuing NFT race tickets. To achieve this, Platinium Group has partnered with Elemint, a renowned blockchain infrastructure corporation, and Bary, a leading Web3 firm. The tickets will be minted on Polygon. Dive Deeper The Monaco Grand Prix is widely considered one of the most prestigious and important automobile […]
Unlocking NFT Liquidity: Binance Launches NFT Loan Feature
On May 25, Web3 marketplace Binance announced it will allow NFT owners to use their digital assets as collateral to secure loans in Ethereum. Named Binance NFT Loan, the new service is aimed at bringing the advantages of decentralized finance (DeFi) to Binance’s NFT community, letting users unlock the potential of their NFT holdings without needing to sell them and provide a solution for liquidity needs in the process. Dive deeper Launching May 26, the service will initially cater to Ethereum loans only and will accept NFTs from select collections such as Bored Ape Yacht Club (BAYC), Mutant Ape Yacht […]
Blur: Blend Secures Top Spot in NFT Lending With 82% Market Share
Blur quickly gained recognition in the NFT sector, and its lending protocol, Blend, seems to be following suit. Blend’s popularity has skyrocketed since its launch in May, eclipsing its competitors and also dramatically increasing the overall volume of NFT loans. According to data from DappRadar, Blend secured 169,900 ETH ($308 million) in trading volume in just 22 days. The trading volume across all NFT lending platforms? It reached about $375 million, meaning that Blend secured a staggering 82 percent of the lending volume across all NFT lending protocols in less than a month. What’s more, Blend’s market share is likely […]
Magic Eden and Nifty Gateway Unveil Reward Programs. Here’s the 101.
NFT marketplaces Magic Eden and Nifty Gateway are leveling up. Both platforms recently announced new reward systems to incentivize trading activities and enhance the overall user experience. With Nifty Gateway introducing its Collector Appreciation Month and Magic Eden launching its Chapter II program, these platforms are leveraging incentives to attract and retain users in an increasingly competitive landscape. These moves are similar to OpenSea’s recent decision to launch OpenSea Pro, which many believe was motivated by Blur’s commanding influence and success in the market. As a strategic response, OpenSea decided to incentivize its user base by introducing a rewards system […]
World of Women’s Artfest Reminds Web3 of the True Value of Community
With the noise of memecoin season dying down, the NFT space is turning its eye back to the thing that makes up the heart and soul of the community: art. For those looking to dive back into the cultural side of Web3 (or just interested in checking out one of the most community-based NFT projects out there), World of Women’s Spring Artfest is a must-see. World of Women is a household name in the NFT world. Started by artist Yam Karkai in an effort to represent and onboard women to Web3, the brand’s two main collections — World of Women […]
What Is ERC721-C, and Could It Solve Web3’s Royalty Issues?
Creator royalties have become a major point of contention in the NFT space. This shouldn’t be news to anyone who claims Web3 as their stomping ground. But what should be surprising is that the debate surrounding the necessity of royalties has failed to make any truly significant progress since its inception. Sure, most of the NFT space’s most prominent marketplaces have taken a stance on the matter. Still, by and large, innovations like Manifold’s Royalty Registry have fallen short of ensuring creators receive their dues. That isn’t to say there aren’t builders actively trying to remedy the situation though. There […]
Art Blocks Resurgence? Collections See Revival Following Sotheby’s 3AC Sale
Art Blocks is currently witnessing a remarkable revival, demonstrated by transaction volumes that we haven’t observed regularly since the onset of the bear market. During a May 23 Proof Daily Countdown episode, NFTStatistics shared that Art Blocks achieved over $1 million in trading volume on May 22. This marks the first time it’s seen these heights since March. Major sales followed, with Ringers #30 going for 52.5 ETH and a 370 ETH Fidenza sale, all within a 24-hour period. Popular collections, such as Chromie Squiggles, primarily drove this influx of activity. So, why the sudden rise? A variety of potential […]
A New Spin on Awards: PBA Rolls out Bowling NFTs on Avalanche
The Alpha: The Professional Bowlers Association (PBA) is stepping into the NFT space by launching PBA League Bowler Certification (LBC) Awards as digital assets. The program, built on the Avalanche Network, will offer rewards and features such as blockchain-backed bowler certification. Dive deeper PBA LBC Awards are here All active PBA LBC members with a LeaguePals account can now earn digital awards for their milestones achieved on the lanes, which can be viewed and shared on social media through a new digital marketplace Learn more https://t.co/W2t2K4ohVI pic.twitter.com/jH4lFDDAhG — Sean Rash (@Sean_Rash) May 22, 2023 This move by PBA underscores its […]
SuperRare Announces Two-Month NFT Exhibition Takeover at the NYC Seaport
As the summer fast approaches, the 1/1 exhibition season is almost upon us. And as the first in a growing roster of events celebrating the constantly evolving fine art NFT space, SuperRare has announced an exciting two-month exhibition takeover at 0x.17 Gallery located in New York City’s Seaport. Opening its doors on June 1, SuperRare at the Seaport aims to unite digital artists, collectors, and enthusiasts in a captivating space that offers an immersive environment for experiencing the exceptional artists that populate the prominent curated marketplace. Here’s what you should know. SuperRare at the Seaport During the gallery’s two-month pop-up, the […]
From Choreography to Code: Art Blocks’ Latest Brings Emotion On Chain
On May 24, Art Blocks will release its latest collaboration, a unique, multi-stage NFT project with the Lumen Prize-winning artist duo Operator. The project, titled Human Unreadable, is a 400-piece avant-garde exploration of art, choreography, and technology. It forms the latest addition to Operator’s critically acclaimed Privacy Collection, which explores themes of transparency and privacy in Web3. Ania Catherine and Dejha Ti — the minds behind Operator — have meticulously crafted an embodied generative art experience with Human Unreadable, with each unique work being driven by the motion data of an underlying on-chain choreographic sequence. This fusion of code, choreography, […]