NFT Devil in the Details

Wikipedia editors recently voted against classifying NFTs as art, but they shelved the issue for another vote at a later date. The question: is an NFT "art" or a "token representing the art"? You may think this is a distinction without a difference, but I assure you it is not. Continue Reading →

Refunding ETH is a Gas!

ConstitutionDAO (a decentralized autonomous organization created to purchase a rare copy of the U.S. Constitution) raised $49.8 million in ETH. Its auction bid was not successful, so it began refunding the unused ETH to members of the DAO. Continue Reading →
Crypto developer Matthew Jensen was forced to close his JRR Token business as part of a settlement with the estate of "Lord of the Rings" author J.R.R. Tolkein. The estate’s lawyer, Steve Maier, described the case as a “particularly flagrant case of infringement,” adding that the estate is “pleased that it has been concluded on satisfactory terms.” Continue Reading →
While reading this story on vice.com about Universal Music Group (UMG) -- the powerhouse label that represents Lady Gaga, Ariana Grande, and Jay-Z -- forming an NFT band made up of cartoon ape JPEGs “owned” by some guy, it has become clear that the NFT hype bubble has inflated beyond anyone's wildest expectations. Continue Reading →