In partnership with Ticketmaster, the NFL will offer ticket buyers free virtual commemorative tickets (NFTs) for more than 100 games next season. Continue Reading →
Metaverse
Posts about Metaverse.
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By trading volume, Axie Infinity is the largest NFT project of all-time, but the world's leading play-to-earn game has traveled a rocky road. If you remember, in March 2022 Axie was the victim of the largest crypto hack in history, losing approximately $622 million. However, things are looking up. While all of Axie's industry comps and KPIs are well under their high water marks, Axie is making a comeback. Which raises the question: Why? Continue Reading →
As we enter another crypto winter, it has become de rigueur for tech types to go on record espousing that Web3 is nonsense, that blockchain is a terrible technology, and that cryptocurrencies (all of them) are Ponzi schemes. There is seemingly no end to the tweets and blog posts from highly credentialed people about tulips and "The Emperor's New Clothes" and greater fool theory. It's as if the technocrats want to make sure that they know that you know that they know that all things Web3 are technologically inferior to all things Web2. Are they right? Continue Reading →
A new notice from the U.S. Office of Government Ethics (OGE) prohibits any federal government employee who owns cryptocurrency from working on federal crypto regulation. This includes employees at The White House, The Federal Reserve, and The Department of the Treasury. Continue Reading →
One of the first (and still one of the best) use cases for tokenized assets (NFTs) on immutable public ledgers (blockchains) was fraud prevention. You could tokenize a physical item (make a "digital twin"), then follow (and authenticate) that item/token through its journey. Today, because NFTs (smart contracts) are easy to write, this is much easier to do. Continue Reading →
When government regulators scared Facebook out of its Libra/Diem cryptocurrency project a while back, I didn't think too much about it. The original project was ambitious. Libra was designed to be a stablecoin and was backed by deposits of real cash to be contributed to the Libra Association, a supporting plutocracy with a membership fee of $10 million. Founding members got an option to become validator node operators, a vote on the Libra Council, and could earn interest on their investment. Continue Reading →
In World of Warcraft, a soulbound item, once picked up, cannot be transferred or sold to another player. It is this idea of “immutable, permanent binding” that inspired Ethereum’s creator, Vitalik Buterin, to ask a question: What if NFTs could be soulbound? Continue Reading →
Meta (Facebook), Microsoft, and other tech giants have formed the Metaverse Standards Forum to foster development of industry standards for the (as yet undefined) metaverse. Most of the big players are founding members, with some notable exceptions such as Apple, Roblox, Niantic, The Sandbox, and Decentraland. Continue Reading →
Greetings from NYC and happy Summer Solstice (to those who celebrate). NFT.NYC is in town this week, and to say that a "hard dose of reality" has hit the faithful would be to mischaracterize the vibe. People in the business know that the current market conditions are universal. They know that the underlying technology and associated business models are evolving, and they also know that – most importantly – the shakeout, while painful, is a required growing pain. Continue Reading →
What’s the best cryptocurrency to invest in? Will the value of this NFT go up? Is the DAO I’ve been thinking about worth joining? How much BTC should I buy? Is this stablecoin really stable? How much can I really earn from this Web 3 or metaverse “play to earn” game? After you get excited about a project, your next step should be a deep dive into its tokenomics – it’s the key to understanding the true value of any token-based investment. Continue Reading →