In 2021, the nonfungible token (NFT) ecosystem absolutely exploded. Artists gained a robust new way to sustain themselves, NFT collectors evolved into prominent Web3 builders, and entire lives were changed thanks to blockchain technology. That’s all well and good, but does it really matter in the grand scheme of things? Of course, those associated with the world of art, finance,…
Source by darleen_xo
Much of the beauty of Web3 lies in its ability to facilitate permissionless and trustless transactions without the intervention of any third-party intermediary or centralized authority. But how does this magic really happen? Dubbed “Internet Legos” by Packy McCormick, smart contracts are widely considered to be the building blocks of Web3. A smart contract is a computer program that lives on…
Source by simeonmetev
Italy’s ministry responsible for regulating the nation’s museums has asked its institutions to put a temporary halt on minting contracts with NFT providers, according to an initial report from Artnet. This comes in the wake of a colossal sale of an NFT of Michelangelo’s Doni Tondo by Florence’s Uffizi Gallery, for $241,540 (€240,000), in 2021 — which initially represented a…
Carl Jones, best known for his involvement in the cult classic series The Boondocks, recently entered the NFT space with the release of the 10,000-piece Bubblegoose Ballers collection. The collection’s genesis can can be traced back to his childhood. Growing up, Jones viewed puffy bomber jackets or “bubblegoose” jackets as status symbols within his neighborhood, describing their wearers as “ballers.”…
Source by joanhqy1
Luxury brands and NFTs make for oddly comfortable bedfellows. High-end fashion has taken to NFTs more quickly and enthusiastically than other industries, and there seems to be a consensus that Web3 will undoubtedly play a huge role in its future. It makes a great deal of sense. Both high-fashion and NFTs operate on models of exclusivity and scarcity, which might…
Metaverse NFT marketplace is a technical concept of creating and integrating NFT marketplaces into the virtual space of the metaverse. Source by tebome2577
The crypto hedge fund 3AC (Three Arrows Capital) has just moved most of its NFT collectibles to a single wallet. Its founders Su Zhu and Kyle Davies allegedly moved the assets to avoid court liquidation proceedings. Basically, this could mean the duo will sell the precious NFTs at huge discounts soon. The hedge fund Three Arrows Capital (3AC) moved its…
