web3 / 509 posts found
Decentraland: The Ultimate Game for Your Virtual Land Hustle
Of the many projects designed to provide a more tangible way to experience the new possibilities of Web3, Decentraland might be the best yet. Despite the game’s technical shortcomings, this isn’t the type of game you can measure by most traditional metrics. It features simple graphics, sound, and gameplay that lags behind even the decades-old virtual worlds in Second Life. This raises the question: if it’s so behind-the-times, why bother playing Decentraland? The answer is simple: it’s the opportunity to participate in the continued development of a template for the virtual worlds in all gaming, thanks to its emphasis on […]
Muse: Everything to Know About the New Chart-Eligible NFT Album
The Alpha Music NFT marketplace Serenade partnered with Warner Records U.K. to launch a new chart-eligible music format, Digital Pressings. Digital Pressings are all-in-one music NFT packages akin to a physical record. English rock band Muse released their latest album, Will of the People, under this new format on August 26, 2022. Why it matters It turns out, Napster and Limewire were just the beginning. The music industry has undergone seismic shifts in the past 20 years, but it lives on today as a largely digital industry, with streams being the top revenue driver. But for the first time since […]
Emojis Failed. Moodies NFTs Aim to Add Depth to Online Interactions
In American culture, there exists a brutal expectation to be happy, said the Visual Artist Tomer Hanuka in a recent interview with nft now. “It’s equated to success. If you’re not happy, something is wrong with you.” “If you don’t present a happy face, you’ve probably failed very deeply in your journey,” he continued. “[With social media], you need to show the storefront of your life as something that is successful, sleek, polished — you jump between vacation spots, coffee shops, great meals, great desserts. The idea of social media and emojis is flat and easy to consume, but has […]
Netflix Is Using NFTs to Harvest Engagement Data. And TV May Never Be the Same
The Alpha To commemorate the launch of the third season of Love, Death + Robots, Netflix released an NFT collection on OpenSea. The collection featured corresponding NFTs depicting scenes from the season’s nine episodes. Netflix also conducted a virtual and IRL scavenger hunt for these NFTs, leaving QR codes across various IRL billboards and on social media for fans of the show to find. Why it matters When Duncan Cock-Foster mentioned the need for the NFT space to transition past its current status as a speculative market at nft now’s State of NFTs IRL event, this is exactly what he […]
NFT Drops and Flops: A Definitive Guide to Diverse Mechanics
Choosing the proper drop structure is one of the most critical decisions for an NFT project founder. Not only can it make or break your launch from a financial perspective, but it also can serve as a leading indicator of your team’s preparedness, competence, and ability to handle the unexpected. Because, let’s face it: NFT drops aren’t perfect. Adidas’ Into the Metaverse public drop left minters with astronomically high gas fees and a sour taste in their mouths as bots swooped up a significant amount of the supply. The CloneX Dutch auction suffered hacks, bots, and dishonest community members’ front-running […]
NFTs Free Us From Web2 Hierarchies. Forcing Utility Erodes Progress
If the NFT community were an extended family that met on occasion for holiday dinners and special events, utility would be the topical equivalent of politics and religion that people might try to avoid to keep things civil. The word has sparked countless discussions in the space in recent months, and the outcomes of those conversations are likely to answer a crucial question facing the Web3 world: what does an artist who sells NFTs owe the people who buy their work? The answer to what utility means is more straightforward and interesting than you might think. But to get to […]
The Rise, Fall, and Redemption of Pudgy Penguins NFTs
In the wide world of NFTs and crypto, volatility isn’t always just volatility — sometimes, rapid surges in the value of a digital asset may predict continued, sustainable growth. And this may be the case with the recent near 400-percent surge Pudgy Penguins has experienced since August 18, according to data collected by CoinGecko. And it’s not over yet — on Monday, a Pudgy Penguin sold for an astounding 400 ETH — worth $625,758 as of writing, according to OpenSea. Pudgy Penguins floor prices as of August 23, 2022. Source: CoinGecko This surge comes just months after a multi-million dollar […]
A Pillar of the BAYC Universe: Meet the Mutant Ape Yacht Club
Few NFT collections are as popular as the Mutant Ape Yacht Club (MAYC). Second only to its Bored Ape predecessors, MAYC NFTs embody the same prestige as other blue-chip projects, with the bonus of being directly linked to the vast universe being built by Yuga Labs. While MAYC has become prominent, many enthusiasts remain oblivious to the origins and implications of the coveted collection. Yes, Mutant Apes is a subsidiary of Yuga, but the discerning factors that make them truly unique are often glazed over in the annals of NFT history. Why were Mutant Apes released in the first place? […]
A Complete Guide to Proof Collective’s Exclusive Web3 World
We can’t deny it: the concept of identity — and questioning it — is and will remain among the most intriguing capabilities as blockchain technology continues its evolution through modern society’s financial and cultural landscapes. Keeping in line with the decentralized and open nature of the Web3, anonymity (or pseudonymity) in the crypto and NFT space has forged novel dynamics. Until February 2022, for example, the identities of the founders of Bored Ape Yacht Club, the most successful NFT project in existence, were a mystery. But anonymity cuts both ways: It allows people to be active in the Web3 ecosystem […]
OpenSea’s Stolen Item Policy Reveals a Stubborn Problem
The Web3 world is doing its best to come up with solutions to one of the crypto ecosystem’s biggest problems: theft. More than 46,000 people have reported losing more than $1 billion in crypto scams since 2021, according to a recent report released by the Federal Trade Commission (FTC). The problem has gotten so bad that the regulatory agencies and lawmaking bodies in the U.S. are now playing a game of hot potato by asking each other for help to find new solutions. NFT marketplaces are also grappling with ways to address theft on their platforms. OpenSea recently updated its […]