web3 / 509 posts found
Here’s an Exclusive Look at Porsche’s NFT Pricing, Utility, and More
NFTs let budget-conscious fans of high-end brands get their hands on what was once unattainable — affordable luxury goods. It sounds like an oxymoron, but a host of innovative companies have found ways to make luxury items more accessible thanks to Web3. Specifically, premier fashion brands like Balenciaga, Prada, and Gucci offer digital collectibles at a fraction of the price of their real-world designer items, allowing a new wave of fans to connect (and collect). But the world of Web3 luxury extends well beyond the digital runway. In November 2022, automaker Porsche announced its first official NFT collection. Now, in […]
Masa Finance Brings Soulbound Tokens to Ethereum. Here’s What to Know
To Ethereum Co-Founder Vitalik Buterin and his cult-like following, Soulbound Tokens (SBTs) are the future. Proposed by Buterin and his fellow authors via a white paper entitled “Decentralized Society: Finding Web3’s Soul,” the vision of SBTs is for a fully decentralized society (DeSoc) to make use of non-transferable identity and reputation tokens. Yet, for most, a DeSoc still seems quite far off, leading to the assumption that SBTs must also be a ways away. But even so, in response to Buterin’s paper, many took the cause of bringing SBTs to reality into their own hands. And now, one such entity has […]
MoonPay Expands Its Web3 Offerings With Nightshift Acquisition
The Alpha: Crypto payments turned Web3 infrastructure company MoonPay has just acquired Web3 creative agency Nightshift, rounding out its suite of services for brands building into Web3, according to a press release shared with nft now. With this latest acquisition, MoonPay believes it will be able to provide a complete set of services to its current and future clients, offering “world-class, end-to-end support,” as mentioned by MoonPay CEO Ivan Soto-Wright in the press release. In light of this acquisition, the Toronto-based Nightshift is rebranding to Otherlife. Crucially, Nightshift’s existing clients will see no interruption of services, as the agency will […]
Lore: What to Know About This New Type of NFT Utility
When it comes to the development and advancement of an NFT project, “lore” is invaluable. From Bored Apes to Forgotten Runes to goblintown and everything in between, lore is often considered the backbone of a successful NFT endeavor and acts as a prominent fixture that drives the storytelling component of a project. But what does the term actually mean? Ask any odd collector or creator what lore is, and you’ll likely receive a range of answers. A term that is undoubtedly tied to the unique and overarching narrative of a project, lore has fallen into ambiguity within the NFT space. […]
Rarible Unveils NFT Marketplace Builder That’s 100% Free
The Alpha: Rarible, one of the most widely used NFT marketplaces, has just launched a tool to help NFT creators set up bespoke NFT marketplaces for their projects and collections. The new free tool comes as a Polygon-based companion to a similar feature that was previously released by Rarible on the Ethereum blockchain. No coding knowledge is required to use the tool, which lets you customize your new NFT marketplace(s). Royalty enforcement could be fully on-chain, potentially protecting creators’ project revenue from policy changes. Why it matters Much of what makes engaging in the Web3 side of the internet so […]
DOJ Accuses Bitzlato Crypto Exchange of Money Laundering, Arrests Founder
The Alpha: The U.S. Department of Justice (DOJ) just announced an “international cryptocurrency enforcement action,” according to a live broadcast on the DOJ’s website. Deputy Attorney General Lisa O. Monaco announced that the DOJ arrested Hong Kong-registered crypto exchange Bitzlato founder and majority stakeholder Anatoly Legkodymov in Miami last night, according to a press release. Legkodymov, a Russian national who resides in Shenzhen, People’s Republic of China, has been accused of enabling more than $700 million of crypto transactions with Hydra, the world’s largest darknet market. The announcement has the crypto market concerned, with Bitcoin and Ethereum dipping sharply in the […]
Four Artists Open up About AI and the Future of Their Craft
The AI art movement is in full swing. And while it has a fair amount of controversy attached to its name, there’s simply no going back. Billions of people across the globe are using programs like Midjourney, Stable Diffusion, DALL-E, and plenty more to engage in artistic expression daily and on a scale that humanity has never before witnessed. And, given its penchant for embracing new technology, the NFT community has taken to these tools as quickly as anyone. As a result, we’re now starting to see a proliferation of NFT art whose creators have infused their work with AI […]
Blockchain 51% Attacks: What to Know to Stay Safe
While undoubtedly complex and necessary for the world of crypto and NFTs, the ideas that underpin and connect to blockchain technology are relatively simple to understand. One of its most important concepts is the so-called “51 percent attack:” an almost unrivaled threat to decentralized technology (and the crypto industry it supports). To understand what that is and its potential wide-reaching implications for Web3, we need to look at the fundamentals of the blockchain itself. The blockchain is a distributed digital database that moves and tracks data in blocks that link together to form a chain-like record of information flow. The […]
The AI Art Movement Has an Objectification Problem
In 1999, the world’s first commercially available color video and camera phone arrived in the form of the Kyocera VP-210 in Japan. A year after its release, worries over the rapid rise in “up-skirt” voyeurism the phones enabled spread quickly throughout the country, prompting wireless carriers to institute a policy guaranteeing the phones they offered would feature a loud camera shutter noise that users couldn’t disable. The effectiveness of that measure is, to this day, up for debate. But the event remains a valuable history lesson on the widespread adoption of technology: new tools make doing everything easier, and not […]