web3 / 509 posts found
With AI’s Help, Jackson Pollock’s Art Finds New Life on the Blockchain
The Jackson Pollock Studio is stepping into the digital landscape, acting as guardians of the late artist’s legacy. Teaming up with Iconic Moments, the studio is set to unveil Beyond the Edge, a debut collection of limited-edition prints and NFTs that capture the essence of the unparalleled artist. All of the pieces will feature the splattered paint that landed just beyond the edges of Pollock’s masterpieces. Pollock’s artistic brilliance will now echo in formats that extend beyond the conventional canvas. Beyond the chance to own a piece, selected works from the collection will find their home in the permanent exhibition of the […]
VC Funding for Crypto Continues to Slide, Has Yet to Bottom Out
Venture capital (VC) investment in the cryptocurrency and blockchain sector is on a downward trajectory, according to a recent report by Galaxy Research. The second quarter of 2023 saw crypto and blockchain firms receiving $2.3 billion from VC firms, a significant drop from the same period last year when more than $8 billion was invested. Looking back further to the COVID-19 pandemic, the crypto industry experienced a monumental surge in venture capital, with a record $13 billion invested in Q1 2022. The current challenging business environment coupled with rising interest rates has led to a reduction in deal flow, according […]
For the Culture: Jack Butcher’s Custom ThreadGuy Opepen Edition Goes Viral
The niche internet subculture that is the NFT space has gone through numerous iterations. From market cycles to controversies, the vernacular, priorities, and overall vibe of what the inhabitants of the blockchain call Web3 has continued to ebb and flow as consistently as the prices of the coins that drive it. Yet, one thing has remained certain, and that is, regardless of speculation, NFTs have and will always have greater meaning than what can be derived from the constraints of art and money. There is a singular culture that has formed within the NFT space, and it’s one that — […]
Twitter Ad Revenue Sharing: 5 Ways to Unlock Your Potential as a Web3 Creator
Twitter has officially rolled out its new monetization strategy specifically tailored for its creators. Users from Web3 and beyond are already reaping benefits from this initiative, with some even sharing that they’ve earned tens of thousands of dollars. Elon Musk shared in a tweet earlier in June that the first block payment totaled $5M. Through ad revenue sharing with Twitter, this is a new avenue for creators to profit from their content. With monetary incentives now available, a growing number of users are crafting strategic plans to optimize their earnings from this unique prospect. Here’s what you need to know […]
ApeFest 2023 Returns This November in Hong Kong
Yuga Labs, the parent company and creator of Bored Ape Yacht Club (BAYC), announced the highly anticipated return of its massive in-person event, ApeFest 2023, which will be taking place in Hong Kong from November 3 to November 5. Despite the overall NFT market decline, including the drop in value of the BAYC and Mutant Ape Yacht Club (MAYC) collections, the return of ApeFest aims to reinvigorate the Ape community’s trust in the brand and overall excitement of holding the industry’s landmark PFP that has served as the forefront of a new form of social and cultural identity and expression. […]
Seedphrase Signs With WME, Teases Original Music to Come
Daniel Maegaard, known throughout the digital art community by his DJ moniker and alternate persona, Seedphrase, has officially signed with talent agency WME according to a press release shared with nft now. In addition, he’s teased new original music, the unveiling of a new community project, and the introduction of exclusive merch, all coming this year. A “guiding light” Seedphrase, best known for his massive CryptoPunk helmet mimicking his distinctive Punk NFT, wants to take the synergy of crypto culture, music, and high-end luxury fashion to new heights. Maegaard first rose to prominence in the crypto community with the purchase […]
XRP Ruled ‘Not a Security’ in Partial Win for Ripple Labs
In a ruling that could help shape the future of cryptocurrency regulation in the United States, U.S. federal judge Analisa Torres has delivered a mixed verdict in the case between the Securities and Exchange Commission (SEC) and San Francisco-based blockchain firm Ripple Labs. The lawsuit, which has been closely watched by the crypto industry, centered on whether Ripple’s XRP token constituted an unregistered security offering. The court ruled that, while Ripple’s institutional sales of XRP did indeed constitute an unregistered securities offering, its sales of the token on exchanges did not. The decision — which comes after a three-year legal […]
Google Play Store Opens Its Doors to NFTs in a Major Policy Shift
Google has announced an update to its Play Store policies, now allowing apps and games that incorporate NFTs onto its platform. This move marks a continued shift in the company’s attitude towards blockchain-based technology. Under the new rules, games that use tokenized assets will need to clearly state their use of blockchain elements. In an effort to foster responsible use, Google will prevent developers from glamorizing potential earnings derived from NFTs. The policy also extends to banning any “loot box” mechanisms in line with their anti-gambling stance. Reddit, which recently found major success with its Avatar NFTs, partnered with Google […]
Coinbase Introduces Encrypted Messaging Feature to Crypto Wallet
On July 12, Crypto exchange Coinbase announced the launch of a new messaging feature for its wallet that allows any two Ethereum addresses to communicate. Powered by the XMTP protocol, the encrypted messaging service will first be available to a small subset of users, including all Lens protocol users and anyone who scans the QR code featured in this video. The messaging feature will support the 1.3 million Ethereum addresses using the wallet that are human-readable and/or ENS-enabled. “Messaging on Coinbase Wallet is end-to-end encrypted, private, and portable. It allows you to connect directly through your wallet, engage with your […]
Web3 Music Platform Sound.xyz Announces New Era of Open Accessibility
Over the past few years, the music streaming landscape has continued to shift drastically. With the proliferation of Web3 music bringing new interest to the potential of blockchain technology, Web3 services and platforms have found it necessary to evolve — and fast. Still, none seem to have gone as above and beyond to communicate the promise of tokenized music to both artists and fans than Sound. Having existed primarily as a closed, curated platform since launching in 2022 (generating $5.5 million in revenue for a select group of creators), Sound (often called Sound.xyz) is now transforming to make Web3 music […]