Web3 is B.S.

I was at a dinner party earlier this week. When our host asked what I did for a living, I answered, "I run a consulting practice focused on Web3 strategy and solutions," to which she responded, "Web3 is B.S. You don't even know what Web3 is." Continue Reading →

The Longest Day of the Year

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 →

No Sound Bite Answers Today

sound bite
Are you looking for a sound bite that properly explains gas prices, inflation, potential stagflation, the crashing stock, and crypto markets? What's happening to the global supply chain? How the Fed's actions are likely to affect the economy in the near term? Forget it. Continue Reading →

The NFL Announces NFT Fantasy Football

Set to launch in early 2023, NFL Rivals will make you the General Manager of a fantasy NFL team as you compete against other GMs with their assembled player rosters and teams, building, leveling up and improving their lineup. In addition, you'll be able to own, collect, and trade non-fungible tokens (NFTs) of your favorite players through this play-and-own game experience. Continue Reading →

Bored Ape Yacht Club Gassed Up

Yuga Labs, the company behind the Bored Ape Yacht Club, sold 55,000 virtual plots of land in its upcoming metaverse, Otherside, for about $5,800 each. While the transactions were done in ApeCoin, the NFTs were minted on Ethereum, where gas fees for each mint ranged from 2.6 to 5 ETH ($6,500-$14,000) at the time of the transactions. By the time the virtual land deeds sold out, buyers paid a total of about $123 million in gas fees to send Yuga Labs about $320 million. Ouch! Continue Reading →

Axie Infinity Launches Free-to-Play Version

Axie Infinity announced the global early access release of its free-to-play game Axie Infinity: Origin. The launch of the entry-level game comes a week after Axie's Ronin Network was hacked for $625 million, which was one of the largest crypto hacks ever. Continue Reading →

The First NFT Vending Machine in NYC

Solana-based NFT marketplace Neon soft-launched the first NFT vending machine (located at 29 John St in Manhattan) back in December. Now, the vending machine is open 24 hours a day and allows collectors to buy Solana NFTs with a credit card. Continue Reading →