web3 / 509 posts found
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 […]
Your Complete Guide to the NFT Music Ecosystem
Music NFTs have the power to completely change the trajectory of an artist’s career. Don’t believe me? Just ask Daniel Allan, Latashá, Black Dave, or any of the dozens of producers, DJs, and musicians who have found it possible to sustain themselves by immortalizing their musical creations on the blockchain. With music NFTs, artists are charting new pathways to success that aren’t reliant on record deals, year-round touring, and industry cosigns. The bottom line here is this: Artists are getting paid, and fans are getting rewarded. But before we get into this burgeoning blockchain music ecosystem, let’s clear up some […]
Should NFT Creators Expect Royalties? Sudoswap Says No
Creator royalties have remained a prominent facet of the NFT market for years. Even in the early days of the Web3 creative economy, artists of all creeds could sustain themselves through a mix of income from primary sales and kickbacks received via secondary market royalties. Yet, while creator royalties seem crucial, they aren’t hard-coded into the market — much less individual smart contracts. Creator royalties, sometimes called creator fees, are an option only implemented to reserve a certain percentage of each secondary sale (peer-to-peer trades), which is sent back to the NFTs originator. When collecting on secondaries, most collectors have […]
Surprise! Gaming Is the Most Likely Candidate to Onboard People to Web3
Depending on who you ask, blockchain gaming is either the next big thing in Web3 or a detestable trend that companies should avoid indulging. The space is divided, and taking an objective temperature on the matter can be challenging. Minecraft banned NFTs from their iconic title, GameStop opened an NFT marketplace, the WAX blockchain has become a hub for Web3 gaming, and Axie Infinity is doing its best to bounce back from a comically painful $615-million hack that took place earlier this year. Even two of the most popular NFT-based games, Decentraland, and The Sandbox, struggle to break 1,000 active […]
Web3 Companies on How to Bounce Back From the Crypto Winter
Let’s face it: If the crypto winter has a temperature, it could plunge past sub-zero. While countless NFT communities continue to build and work to add value to their projects, they do so against a backdrop of harsh realities that are just too big to ignore. In July, OpenSea announced it was laying off 20 percent of its staff to curtail the winter’s future effects. A month prior, Coinbase announced a hiring freeze that would last “for the foreseeable future” and rescinded several accepted job offers. Other exchanges, like Gemini, have likewise announced staff reductions in recent weeks. Web3-wide, the […]
‘All White Males:’ Proof Opens Up on Moving Beyond Stereotypes
Unfortunately, the “crypto bro” stereotype is not wholly without traction. As of writing, most people active in the Web3 space are men, and the NFT space should be doing more to uplift black artists. But now, Web3 companies are paying attention. Some even appear to be undertaking policies focused on accountability. And Proof is one of the most prominent Web3 players attempting to do just that. If you haven’t heard of the group, you certainly know their work: Proof is the brand that manages Proof Collective, the exclusive members-only NFT community behind projects like Moonbirds, Oddities, Grails, and others. Recently, […]
Here’s Why Filmmakers are Abandoning Crowdfunding Platforms in Favor of NFTs
For years, independent filmmakers have turned to Kickstarter, Indiegogo, GoFundMe, and the like to secure funds for their passion projects. From critically acclaimed action comedies like King Fury to award-winning horror flicks like The Babadook, crowdfunding has helped many cult classics come to fruition. Yet, times are changing in the entertainment industry. The COVID-19 pandemic transformed the in-person reliant sectors of television, music, and film into a semblance of what they once were, forcing creators to think outside the box when launching new endeavors. Enter NFTs — a new, robust, growing ecosystem that lives at the intersection of art, tech, […]
Krista Kim: Building a Metaverse Around Tokens, Techism, and Wellness
You wake up in the winter of 2045. It’s midnight, and a 3D hologram of the sun hovers above. Prescribed by your AI physician, you remember that it’s supposed to boost your vitamin D levels, and ease you into another day of life lived online. Anticipation sets in, so it must be working. After scarfing down a nutrient-dense pack of pink goo for breakfast, you mount your omnidirectional treadmill, don your full-body haptic suit and VR helmet, and clock in to your job as education director at one of the world’s largest metaverse art museums. Although this reality is still […]
What is the Metaverse? A Complete Guide to Our Web3 Future
Until recently, many believed the metaverse was nothing more than a pipe dream by technologists and sci-fi nerds. But since the pandemic, a shift towards digital interaction and the rise of digitally native consumers has led experts to see the metaverse as the next major shift in computing. From corporate boardrooms and mainstream media to indie podcasts, discussions of the metaverse abound. But how realistic is this vision for a digital reality that parallels IRL experiences? In a world of constant hype, sometimes the excitement surrounding anticipated impact of new technology outpaces its actual readiness for mainstream adoption. And, to […]
Moonbirds Just Made All Their NFTs Public Domain
In a major change for the popular NFT project, Kevin Rose, founder of Moonbirds, announced on Twitter that both Moonbirds and Oddities will move to a CC0 license. 1/GM. Today, we’re announcing that @moonbirds and @oddities_xyz are moving to the CC0 public license. We believe this move honors and respects the values of the internet and web3 and starts a new and important phase of the project. … — KΞVIN R◎SE (🪹,) (@kevinrose) August 4, 2022 CC0, otherwise known as Creative Commons, simply means “no rights reserved” on intellectual property. It’s a form of copyright that allows creators to waive […]