NFT
Sega will likely not introduce NFTs for play-to-earn if ‘perceived as simple money-making’
The leadership at video game firm Sega Corporation’s holding company has suggested that they may avoid nonfungible tokens in play-to-earn model games based on the response from users. In a Dec. 14 meeting of Sega Sammy Holdings’ CEO Haruki Satomi, senior executive vice president Koichi Fukazawa, and Sega Corporation president Yukio Sugino, the trio said they needed to “carefully assess” how to potentially introduce nonfungible tokens, or NFTs, into Sega titles to “mitigate the negative elements” and work within Japanese regulations. The executives cited “negative reactions” from users overseas rewarded in NFTs for gameplay. “In terms of NFT, we would like to try out various experiments and we have already started many different studies and considerations but nothing is decided at this poin...
South Korean company LG to integrate NFT feature in flagship TVs
Investors have raised questions and expressed concerns about the feasibility of conducting NFT trades on TVs One day after Samsung revealed plans to introduce a new NFT feature onto its lead line up of TVs this year, LG also announced a similar endeavour. The South Korea-based electronics company ran a press conference in which its head of home entertainment business division Park Hyung-se said LG “definitely” plans to introduce NFT capability into its TVs. Further, he mentioned that the company’s recent organic light-emitting diode TVs are optimized for art display. The move to venture into NFTs is only a continuation of what the market space saw last year. Users have warmed up to the idea of enabling displaying art on TV screens but not so much on trading on the TV. Given that as it is, ...
Richard Karn Announces NFT, Immediately Changes Mind
Home Improvement star Richard Karn has been working on himself. Just two days after he announced a new line of NFTs — that’s non-fungible tokens, the latest environment-killing crypto craze — he did an abrupt about-face, and declared that these tokens can get the fung out of here. On January 2nd, the actor teased an “Exclusive NFT Drop” with crypto company Superfandom. Rather than the typical badly-drawn apes, these options included a phone call with Karn, a golf session with Karn, or even hiring him to be in your own movie. Two days later, however, he backtracked, tweeting, “I’ve thought long and hard about NFT’s and I’ve decided it’s not something I need to do.” The original NFT announcement tweet has since been deleted. Karn didn’t explain why he suddenly backed out of the dea...
MELVV On the Promise of NFTs: “Ownership Is Finally Returning to the Musicians”
You can roll your eyes and call “BS” on NFTs all you want, but their potential for musicians is undeniable. And no matter how many of those in the dark write them off as foolish without nary a Google search, independent artists will gladly continue to reap the rewards. Such is the case with MELVV, a popular electronic music producer and DJ who has performed at many of the nation’s most coveted music festivals, like Coachella, Electric Forest, and Lollapalooza. He, like many other artists, recently discovered a latent love of NFTs after a snakebitten lifecycle with a major record label. MELVV recently opened up about his experiences in a candid blog post on Mirror.xyz, a decentralized publishing platform. Due to sustained creative differences with his former label and the ...
Rave On: World’s First Decentralized EDM Festival Planned for 2022
2021 saw the electronic dance music landscape erupt into a technological inferno, as artists and event organizers tore hell for leather into the NFT gold rush. And as more industry pros adopt blockchain technology, the fabric of the scene is changing at a torrid pace. Now, a new event has big ambitions to host what organizers are calling the world’s first community-driven, decentralized music festival. The fest, Project Rave, was recently announced by RaversUniverse, a Decentralized Autonomous Organization (DAO). DAOs are entities that allow platforms to operate as member-owned communities, which are devoid of a consolidated leadership structure. A decentralized future of the creator economy has been embraced by many reputable electronic music artists an execs, such as deadmau5,...
Evedo seeks to bring event planning to the blockchain
Evedo, a platform consisting of business-to-business, or B2B, & business to consumer, or B2C, marketplaces, seeks to provide blockchain solutions for businesses and participants involved in organizing events. In an exclusive ask-me-anything, or AMA, session with Cointelegraph Markets Pro, Stoyan Angelov, founder & CEO of Evedo & Fragmint, discussed the business dynamics and tokenomics of Evedo. Evedo tokenomics | Source: Evedo Technical Deck CT Markets Pro User: How does Evedo use blockchain technology for the events sector? Will the ecosystem be available for everyone or just artists and big events organizers? Stoyan Angelov: The EVED token is a utility token used to generate smart contracts between ticket buyers and sellers. Even now, we have 1,000+ clients that ar...
Mozilla Foundation announces it is accepting crypto donations
Member of the community were displeased by the move, with some threatening withdrawal of monthly donations Mozilla Foundation disclosed last Friday that it would be taking donations in crypto coins. The foundation, whose subsidiary Mozilla corporation oversees several internet-linked applications, including popular browser Mozilla Firefox, noted it would accept Dogecoin, Ether and Bitcoin. The announcement detailed that the non-profit organisation’s move would be facilitated by the popular crypto payments processing firm BitPay. The donations received in crypto would be converted into fiat to skirt any potential volatility. “Dabble in Dogecoin? HODLing some Bitcoin & Ethereum? We’re using BitPay to accept donations in cryptocurrency,” Mozilla posted on Twitter. Many users disapproved o...
21 Stories That Defined EDM In 2021
2021 was yet another year that tested the strength of the electronic dance music community. Event organizers and ravers had to settle into a new norm this year, adapting to mercurial COVID-19 health guidelines in the name of public safety. And even though it was marginally better than the dystopian lockdowns of 2020, it wasn’t easy. But after all was said and done, it became more clear than ever that the virus can try to take the rave out of the person, but it cannot take the person out of the rave. Even in a vexing year for the electronic music scene, it remained as captivating as ever. Here are 21 stories that defined EDM in 2021. Return of Swedish House Mafia After a nine-year hiatus and countless cryptic teases, legendary dance music trio Swedish Ho...
Audius Awards Showcase Highlights of 2021 In Blockchain-Based Streaming
Like most blockchain-based protocols, Audius boomed to new heights in 2021, netting nearly seven million monthly listeners. To celebrate, the community is recognizing the platform’s many highlights with the advent of the Audius Awards. Clayton Blaha, Audius’ Head of Partnerships, touted the meteoric user acquisition and artist adoption as big wins for the platform as Audius aims to carry momentum. “Like many communities in crypto, 2021 was pretty insane for Audius,” Blaha said. “The network saw tremendous growth in terms of users and it launched some amazing product features and partnerships. More and more artists are using the network to get their music out and to connect with fans directly; it’s inspiring to see folks who began their careers on Aud...
Decentral Games Is Hosting a Massive NYE Metaverse Party With Rich DietZ, Fluencee, More
As the Omicron variant of the coronavirus causes unrest across the globe, Decentral Games is throwing a huge New Years Eve party in the metaverse with performances from Rich DietZ, Cristy Lawrence, Fluencee, and Medii. The virtual party will take place within a prominent landmark in Decentraland’s Vegas City district, Tominoya. Players will be able to listen to exclusive DJ sets while partaking in games of poker, blackjack, slots, and roulette. The marathon event will be sponsored by OKEx, the world’s largest cryptocurrency, spot & derivatives and bitcoin exchange. Decentral Games, who will be giving away $10,000 of its native $DG token at the NYE event, has been redefining what entertainment looks like in the metaverse. Recent partnerships include one with legend...
Ozzy Osbourne Announces CryptoBatz NFT Collection
Ozzy Osbourne has delved into the world of crypto, announcing the new CryptoBatz NFT collection. The Prince of Darkness is the latest rocker to dabble in the NFT game, and he’s doing it in style. The CryptoBatz collection features 9,666 totally unique and surefire-collectible NFT bats commemorating the time Ozzy infamously bit the head off one of the winged nocturnal creatures during a concert. But these aren’t your ordinary, static NFTs. Advertised as a “world-first feature,” the CryptoBatz have the unique ability to “bite” another NFT from the collection, rendering “MutantBatz” that combine attributes from each NFT. Each bats’ traits have been creatively directed by Ozzy. Related Video “I’ve been trying to get in on the NFT action for a while so when I asked Sharon for a Bored Ape for Ch...
Baidu metaverse app would take 6 years for a full launch, VP says
The Chinese internet giant Baidu doesn’t expect to fully launch its XiRang metaverse app soon despite the app’s initial would debut on Monday, according to a senior executive. Baidu vice president Ma Jie believes that it is still “negative six” years to full XiRang’s launch, CNBC reported on Thursday. He noted that the development of the app started in December 2020. Ma spoke of “Create 2021,” Baidu’s upcoming annual developers’ event, which the company promotes as the first Chinese conference to be hosted in a metaverse space through XiRang. The app will reportedly handle up to 100,000 virtual members interacting with each other using metaverse avatars at the three-day conference starting on Monday. The exec noted that Baidu intends to create an open-source platform targeting metaver...
