web3 / 509 posts found
Japan’s Government DAO Could Outpace Its Private Sector in Web3
In the last few years, world governments have become increasingly interested in blockchain technology’s potential to enhance the complex process of governing. So far, examples include institutional NFT marketplaces that stand to make visits to the DMV a thing of the past, while NFT sales envision Web3 as fundraising channels for political campaigns, and even national defense. But the Japanese government may be among the first to explore the possibilities of Decentralized Autonomous Organizations (DAOs). On November 2, the Digital Agency of Japan announced its intentions to convert its Web3.0 Study Group initiative into a full-fledged DAO. The aim is […]
Snoop Dogg and Billy Ray Cyrus’ New Release Asks You to Compete for NFTs
Few artists have achieved staying power at Snoop Dogg’s level. A name synonymous with rap music and hip-hop culture, the LBC legend has remained at the forefront of trends far beyond the original scope of his career. That, of course, now includes trends in the metaverse. A prominent player in the NFT space, Snoop is considered a seasoned veteran of blockchain-based music endeavors. With major feats like a multi-million dollar ($45 million by some accounts) collection with Gala Music, numerous NFT mixtapes, and the reconstruction of iconic Death Row Records as a Web3 label under his belt, when Snoop makes […]
There’s a Web3 Solution to the Culture of Toxic Tourism
Deep in the lowland tropical forests of Indonesian Borneo, a single voice emerges from a cave. The singer, a young man named Marut, sings of his lost invincibility, and laments that he no longer has the strength to travel, but still wishes to journey to distant places. “I hope that will be my destiny,” he pleads. “I ask for my journey to be successful.” Marut is a member of the Cave Punan, a group of hunter-gatherers on the island whose territory is being encroached upon by forest clearing for lucrative palm oil farms. Until recently, few even knew of the […]
Twitter Fiasco Reveals Why Web3 Social Media Platforms Are the Future
Elon Musk’s recent Twitter takeover has the internet split. On the one hand, some users are high on the idea that the billionaire maverick’s uncompromising leadership style can truly realize the micro-blogging platform’s massive potential. For others, the acquisition sets an alarming precedent for the future of the internet at large. Think about it. Hand one person the keys to one of the most widely-used information portals on the internet. What could possibly go wrong? Even in the early stages of that takeover, we’ve already seen a glimpse of the chaos to come. So how do we avoid situations like […]
Here’s How the NFT Community Is Reacting to the FTX Crash
Binance’s impending purchase of struggling crypto exchange FTX has officially fallen through. Now what? Without a support system to help FTX through its current liquidity crunch, it’s unclear what will become of the second-largest crypto exchange, not to mention the funds of its more than one million users. But perhaps this was predictable. After all, adjacent to the original authoritative announcements made via Twitter by both FTX CEO Sam Bankman-Fried and Binance CEO Changpeng Zhao, the nonbinding letter of intent (LOI) signed by Binance was relatively flimsy from the start. And this LOI ultimately acted as both the entry and […]
The Fall of FTX Has Revealed Web3’s True Colors
For many, the crypto world feels like it’s in shambles. The high drama between rival exchanges Binance and FTX has set the stage on which it played out fully ablaze. Over the last few days, repeated revelations have wiped out billions in funds, sent the Web3 community reeling, and irrevocably altered the future of crypto and NFTs. It was the last thing the space needed. The dramatic fall from grace came during a community-wide effort to push back against OpenSea’s recent announcement that it would likely stop enforcing creator royalties for existing collections as of December 8. On top of […]
From Web2 to Web3: A Guide to NFTs on Facebook and Instagram
The company formerly known as Facebook has had its eyes on the next stage of the internet for a long time. In 2014, the tech conglomerate acquired Oculus — then a Kickstarter-funded project — with aims to throw its endless resources and the Oculus team’s expertise into launching the first entry-level VR headsets flooding the mass market. We’re not quite there yet, but Facebook has nonetheless continued its pivot into uncharted waters since then. Now it’s known as Meta, and it’s diving into Web3. Besides Meta’s highly-publicized Horizon Worlds metaverse game, the firm is also bringing Instagram and Facebook — […]
Blockchain Is Redefining What It Means to Be a Fan
After the release of Beyoncé’s 2016 audiovisual album Lemonade, fans of the singer went into a frenzy. While many were left in awe of the artist’s project, others felt sympathy for the superstar, who, throughout the album, chronicled her husband Jay-Z’s infidelity. Unfaithful partners are not unique to stardom, but a specific subset of Beyoncé’s core fans, often referred to as the “Beyhive,” launched themselves on a hunt for Jay-Z alleged lover. Eventually, the Beyhive zoned in on the rapper’s former business partner, Rachel Roy, and launched a deluge of social media insults and threats on her and her daughter. […]
Binance Says It Will Not Acquire FTX
It’s official. Binance will not be purchasing FTX. One day after Binance announced its intent to buy its collapsing competitor, the company has now announced it will walk away from the deal, according to an initial report from the Wall Street Journal. This comes after days of animosity shared between FTX CEO Sam Bankman-Fried and Binance CEO Changpeng Zhao that was felt throughout the crypto industry. Till now, Binance’s potential purchase of FTX has had the collective crypto and NFT communities on edge. But it seems fears might not be assuaged anytime soon, since, without a support system to help […]
50+ Artists Announced for The Gateway 2022
Later this month, we’re taking over two Miami city blocks to launch this year’s edition of The Gateway — a five-day festival during Art Basel 2022 featuring some of the NFT community’s finest artists, creators, and leaders in a celebration of the Web3 space. So who are they, exactly? Today, we’re pleased to announce the first wave of artists to expect at The Gateway 2022, presented with Mana Common and powered by MoonPay. Largely consisting of honorees from The NFT 100 and previous guests of our podcast, The Gateway 2022 is taking things to the next level, with renowned artists […]