web3 / 509 posts found
We Need to Talk About OpenSea and Creator Royalties
The Alpha: On November 6, OpenSea announced in a blog post and on Twitter that it would introduce a tool for new collections to enforce creator fees (artist royalties) on its platform. The tool is a snippet of code that represents OpenSea’s first attempt at on-chain enforcement of royalties in NFT transactions. Starting at 12:00 p.m. ET on November 8, the platform is enforcing creator fees for new collections that use an on-chain enforcement tool like the one it’s now offering. OpenSea gave itself a deadline of December 8, 2022, to come out with a firm stance regarding how it […]
BREAKING: Binance Says It’s Buying FTX
The Alpha: On Tuesday morning, FTX CEO Sam Bankman-Fried Tweeted that his crypto exchange had reached a deal with Binance to protect customers amid a liquidity scare. The sentiment was echoed by Binance CEO Changpeng Zhao, who Tweeted that the company had signed a non-binding Letter of Intent to fully acquire FTX.com in the near future. Zhao also noted that the situation is “highly dynamic” and that Binance has the discretion to pull out from the deal at any time. Why it matters On the morning of Tuesday, November 8, FTX CEO Sam Bankman-Fried and Binance CEO Changpeng Zhao confirmed […]
Upcoming Drops: November 7-13
Let’s face it: The NFT space moves really fast. Considering how quickly things can change in the metaverse, a week in NFTs might as well be a month IRL. Don’t get us wrong — the more people onboarded into the space, the merrier. But because of the constant influx of great art and ideas, it’s becoming increasingly difficult to keep up with all the news, launches, and general happenings. Well, you can put the days of endless Twitter and Discord scrolling behind you, as we put together a weekly list of upcoming NFT drops you definitely don’t want to miss. […]
Art Meets Tech: First-Ever Photography Commission Inspired by AI
Over the course of 2022, there’s been a lot of discussion about the role of AI in art. Thanks in large part to how accessible generative adversarial networks (GANs) like Midjourney and DALL-E have become, individuals all over the globe are uncovering their inner artists for the first time in their lives. Due to the ease of use of these AI-based art-generating platforms, even those wholly untrained in the arts now have the means to bring visions from their minds’ eyes into reality. This development has brought with it a rather large question: Will AI networks one day replace real […]
Fun Fact: NFTs and Art Are Two Entirely Different Things
Not to sound like a non-fungible naysayer, but NFTs aren’t actually art. That’s the honest truth of the matter. While art is undoubtedly one of the most robust use-cases for NFTs, there’s a reason that legacy art institutions and even the powers that be at Wikipedia continue to dispel the correlation between NFTs and art. I’m not saying that the common criticisms of NFTs hold any merit — we all know that the “right-click save” argument is bogus. But there’s much more to be understood about the burgeoning blockchain-based innovation happening in the NFT space than can be pigeonholed into […]
WazirX: The Company That Helped Save India’s Crypto and NFTs
There are only two countries in the world that have a population over one billion. India is one of them. India is also one of the most technologically penetrated countries in the world. It currently has the second-largest smartphone market, valued at a little over $130 billion as of writing. And according to research conducted by the World Economic Forum, Indians are among the most optimistic about technology and the benefits that it provides. So it comes as no surprise then that India has been home to a rapidly-growing Web3 movement. According to Nasson, the country is home to more […]
Why Game Industry Veterans Are Entering Web3 In Droves
In 2018, millions of people were unwittingly onboarded to Web3. This mass onboarding happened thanks to Axie Infinity, a pay-to-earn (P2E) video game that lets users earn real cash. Although an array of (very vocal) detractors continue to staunchly oppose blockchain gaming, the space has grown considerably in recent years. In fact, from 2021 to 2022 alone, blockchain gaming usage increased by 2000 percent, attracting scores of experienced Web2 game developers and executives in the process. But why? What exactly makes the promise of Web3 game development so alluring? We spoke to Web3 builders who made the jump from traditional […]
A Complete Rundown of the Art Gobblers Allow List Controversy
Art Gobblers is a truly unique NFT project. The collaborative result of Rick and Morty’s Justin Roiland and Web3 investment firm Paradigm, Art Gobblers is made up of 2,000 NFTs that “gobble” art — drawings made by people in the project community that can be minted as 1 of 1 NFTs themselves and displayed in the Art Gobbler’s “belly gallery.” Along with some funky “Goo” tokenomics that influence how much art users can create and a burn dynamic that incentivizes community collaboration, the project aims to become a self-contained ecosystem of artists, collectors, and traders that lasts for years to […]
Cardano NFTs Are Surging: Here’s What You Need to Know to Onboard
As the Web3 ecosystem expands, the future of non-fungible tokens has become even more impossible to predict. While in 2021 it would’ve been possible to make a case for the long-term viability of Ethereum-based (and possibly only Ethereum-based) NFTs, today, Solana, Tezos, and Flow have grown into their roles as major competitors in the space. Yet, as the market continues to wax and wane, even hardcore supporters of alternative NFT blockchains have begun to falter in their beliefs. As the creator royalties debate drives collectors in the direction of (and then from) blockchains like Solana, another major shift in blockchain […]
Instagram Is Officially an NFT Marketplace
The Alpha: Meta has started to roll out features that let creators sell NFTs on Instagram, according to information shared with nft now. To kick-start this process, Instagram has made new features available to a select group of creators on its platform. More creators will be onboarded in the coming weeks. The initial round of selected creators includes Amber Vittoria, Dave Krugman, Refik Anadol, Isaac ‘Drift’ Wright, Eric Rubens, Jason Seife, Vinnie Hager, Sara Baumann, Olive Allen, and Ilse Valfre. Meta spokesperson Christine Pai told nft now that, when digital collectibles are purchased on Instagram, neither the creator nor the […]