A report in The Wall Street Journal suggests GameStop has a 20-person unit working on a DeFi marketplace, set to launch later this year, which will offer in-game goods as supply-limited, cryptographically-signed NFTs. Continue Reading →
Blockchain
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A hacker exploited the Polygon-based Vulcan Forged NFT Marketplace and got hold of the private keys from 96 crypto wallets, which enabled the hacker to steal 4.5 million PYR tokens (worth about $140 million). According to crypto.com, Vulcan Forged's PYR token is down 12% this morning. Continue Reading →
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 →
In the spirit of The Pirate Bay, a popular piracy site from the past, Geoffrey Huntley has created The NFT Bay: a repository containing 15 terabytes of JPEGs (NFT images). Continue Reading →
This case is a metaphor for the entire decentralized movement. No matter how it ends, contracts for copyrighted works will never be the same. Continue Reading →
CoinTelegraph is reporting that Google searches for "NFTs" are at record highs. It’s a headline that should not surprise anyone. The question: Where are we in the hype cycle? 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 →
MODA DAO is the kind of project that has the potential to change our fundamental assumptions about how the music industry (or any content-based industry) functions. Continue Reading →
Zero Contact, a new thriller starring Anthony Hopkins, is set to become the first NFT feature film released on Vuele, which calls itself "the premier direct-to-consumer, feature-length film viewing and distribution platform delivering feature-length films and digital collectible entertainment content as NFTs." Continue Reading →