NFT
StemsDAO Teams Up With Elohim for Innovative NFT Remix Contest
In a boundary-pushing proposition, Elohim has teamed up with StemsDAO to offer her fans and a global community of music producers the chance to officially remix her music. StemsDAO is fostering a strong community, fueled by conversations around music production and the world of Web3. The platform has set out to help musicians bypass the bottlenecks of copyright issues that often happen when remixing the music of major artists, while driving community-led ownership over these newly created works. Following collaborations with the likes of Poolside, Harris Cole, White Cliffs, Sound of Fractures and more, StemsDAO has now teamed up with the celebrated singer, songwriter and producer to offer artists the chance to reimagine the stems of her acclaimed 2019 EP, BRAINDEAD as N...
Nifty News: The Sandbox hosts its first wedding, Hollywood actor auctions NFT of eye and more
Decentralized blockchain-based metaverse The Sandbox has held its first hybrid digital and real-life wedding on its metaverse. The bride and groom, Singaporean couple Joanne Tham and Clarence Chan, CEO of music company Bandwagon, celebrated their matrimony on Saturday in a “70s disco glam” themed wedding, which took place in a digital replica of Singapore’s famous Alkaff Mansion. ❤️ A @TheSandboxGame wedding just happened a few hours ago. Congratulations @clarcrypto ! A special thank you to @borgetsebastien . A feature video dropping today. @thecobbleland #wedding #metaverse pic.twitter.com/141o915Hew — Smobler Studios (@smoblerstudios) September 17, 2022 While the couple was physically present at a real-world hotel venue along with some guests, their digital avat...
3LAU and Steve Aoki Invest In Groundbreaking Blockchain Music Production Company
The future of music production could very well live on the blockchain. One Web3 startup with promising potential has developed the first on-chain digital audio workstation (DAW), and in doing so, has attracted the attention of a number of major electronic dance music artists. Arpeggi Labs’ use case differs fundamentally from the vast majority of successful developments at the intersection of music tech and blockchain technologies, which may prove to be a key competitive edge. While many new platforms in the space are leading with a focus on facilitating the tokenized ownership of music, Arpeggi is focusing on revolutionizing the way the music itself is made and published. The platform accomplishes this while maintaining a proprietary crediting system that ensures samples ...
The challenges with building a reputation in Web3 — and how to solve them
Amazing things are being built in Web3 — often by pseudonymous individuals who prefer to keep their real-world identity private. In some ways, this is liberating. It means that anyone can have a chance to get involved in a project and deliver value to the community — irrespective of their background. But as decentralized identities proliferate, there’s one issue that cannot be ignored: Ensuring that there’s an easy way for us to verify the reputation of others. This matters… for many reasons. If you’re about to start using a DeFi project created by someone pseudonymous, you’d like a way to know that they’re trustworthy and dependable. If you’re reading an article that someone has written online, there should be a way of checking that their past works hav...
NFT watchdog Rug Pull Finder gets its own NFT giveaway exploited
In an ironic twist, Rug Pull Finder (RPF), a nonfungible token (NFT) watchdog focused on identifying Web3-based fraud has fallen victim to a smart contract exploit of its own. According to the NFT investigator’s post on Twitter on Sept. 2, two people exploited a technical flaw in the project during the free mint stage — pilfering 450 NFTs out of a possible 1,221 which were intended to be limited to one per wallet. As discussed on our Twitter space’s earlier today – We messed up. We messed up big. Our contract had a flaw that allowed 2 people to scoop up over 450 NFTs. Here is what we are doing to fix it — Rug Pull Finder (@rugpullfinder) September 2, 2022 According to RPF, their smart contract had a flaw that allowed the code to be exploited, allowing the bandits to allocate mo...
Crypto Twitter shares security concerns regarding Meta’s recent NFT integration news
On Aug 29, Facebook and Instagram’s parent company Meta announced that its users will now be able to post digital collectibles and Non-Fungible Tokens, or NFTs, across both platforms by simply connecting their digital wallets to either site. We’re introducing the ability to post digital collectibles across @facebook and @instagram. You can now connect your digital wallet to either app to share your #NFTs on both. What NFT are you excited to share? https://t.co/wa2wkWfI7p pic.twitter.com/SlpwAuY02c — Meta Newsroom (@MetaNewsroom) August 29, 2022 While Meta’s announcement may have seemed to some like a mass adoption win for some digital asset enthusiasts, not all members of Crypto Twitter were thrilled by the news. Skeptical users took to social media to express concerns surrounding the secu...
It’s The Joint: Eminem & Snoop Dogg Rock Out In The Metaverse During 2022 VMAs
Written By D.L. Chandler , Senior Editor Posted 11 hours ago @dlchandler123 D.L. Chandler is a veteran of the Washington D.C. metro writing scene, working as a journalist, reporter, and culture critic. Initially freelancing at iOne Digital in 2010, he officially joined the iOne team in 2017 where he currently works as a Senior Editor for Cassius Life and Hip-Hop Wired. D.L. covers a variety of topics including breaking news, politics, Hip-Hop music and culture, fashion, and Black history. He currently heads the SPIRIT.ED column for Cassius Life, which focuses on adult beverages and their history. D.L. has worked in the past for MTV News, Billboard, and several other publications. His first big break in journalism came with the now-defunct Politically Black in 1999, the nation’s first...
Why DeFi, GameFi and SocialFi are horizontals in the Metaverse
The future of value creation and exchange will know no national boundaries and jurisdictions. They will all be ecosystem specific. Therefore, all use cases need to be ecosystem-specific. The future for DeFi, GameFi and SocialFi may be embedded. But, this embedding can only be implemented in a well-oiled ecosystem. The Metaverse that brings these user functions together will not only have experiential elements but also utilitarian and gamification elements. For instance, a metaverse in which DeFi can be applicable will need to have opportunities for microtransactions. A metaverse in which SocialFi can be embedded will need to have an ecosystem that has creators and consumers contributing, being compensated and acknowledged for these contributions. Let us now look at what we could see as emb...
NFTs Gaming CEO apologizes for losing 12% of startup capital through crypto trading
According to a recent blog post, 0xfanfaron, CEO of nonfungible tokens (NFTs) gaming project Ragnarok, apologized publicly for his missteps in leading the company. Ragnarok is a crypto startup that brought in $15.5 million worth of Ether (ETH) for gaming development in April through its first-ever NFT sale. However, 0xfanfaron disclosed: “We exchanged the ETH from the mint for 15.5 million in USD Coin. As it turns out, this was a good move in treasury management. But when ETH’s price went down, I made mistakes by buying ETH multiple times when I thought it was an advantageous investment for the project.” 0xfanfaron further elaborated that he sold the firm’s Ether positions through a series of trades with the plan to reinvest at a “better time.” The ventu...
Looks bare: OpenSea turns into NFT ghost-town after volume plunges 99% in 90 days
OpenSea, the world’s largest nonfungible token (NFT) marketplace, has witnessed a substantial drop in daily volumes as fears about a potential market bubble grow. OpenSea volume plummets to yearly lows Notably, the marketplace processed nearly $5 million worth of NFT transactions on Aug. 28 — approximately 99% lower than its record high of $405.75 million on May 1, according to DappRadar. OpenSea users, volume, and transactions statistics. Source: DappRadar The massive declines in daily volumes coincided with equally drastic drops in OpenSea users and their transactions, suggesting that the value and interest in the blockchain-based collectibles have diminished in the recent months. That is further visible in the falling floor prices — the minimum amount one is ready to pay for an NF...
Chingari launches the first ever video-NFT marketplace
Chingari, the world’s fastest-growing on-chain social app has launched the first-ever video-NFT marketplace called Creator Cuts. The marketplace adds to Chingari’s commitment to fostering and proliferating the creator economy. Speaking at the launch of the NFT marketplace, Mr Sumit Ghosh, who is the Co-founder & CEO of Chingari and GARI token said: “At Chingari, empowering and enabling creators to engage effectively and intrinsically with their community has been the cornerstone of our success since our inception. We believe in the immense potential of the Creator Economy and are wholly committed to its growth and democratisation across the spectrum. Towards this, we are always innovating and creating unique programs and propositions which lie at the cross-section of popular culture, e...
What is an NFT and why are they so popular?
Nonfungible tokens (NFTs) have been part and parcel of the cryptocurrency space for the last couple of years. Still, their value and utility across several industries have driven their proliferation into mainstream consciousness. Cointelegraph’s director of video production Jackson DuMont delves into the intricacies of NFTs, highlighting the importance of the underlying blockchain technology in proving ownership of digitally scarce assets: “NFTs provide unique, verifiable and immutable proof of ownership of digital goods. True digital ownership of assets through NFTs is a revolutionary idea that will transform how we interact with the internet.” Another important aspect of NFT technology highlighted by DuMont is handing the ownership of digital assets to users as Web3 functionality begins ...
