Metacademy is Live!

Metacademy
The crypto market has been tumultuous over the past few weeks. It's been a scary time for "hodlers," but it's also a confusing time for speculative investors. Not sure what Coinbase does? Not sure what a stablecoin is? Shelly Palmer talks with Raegan Medgie and Robert Moses about Metacademy: a free-to-use, risk-free, hands-on website that will teach you about blockchain, cryptocurrency, NFTs, smart contracts, Web3, and other associated technologies. Continue Reading →
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 →

Is Play-to-Earn Over?

Two weeks after being hacked for $625 million (the largest hack in crypto history), the price of Axie Infinity (AXS) has fallen by nearly 30 percent. Despite a $150 million raise (led by Binance) to help Axie Infinity reimburse players whose ETH was stolen, the market for AXS appears bearish. Continue Reading →
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 →
I just read Nike Inc. v. StockX LLC, a 50-page complaint filed by Nike demanding that StockX (a used shoe seller) destroy all the Nike-branded NFTs it minted. Someone should tell Nike’s lawyers that an NFT is not an image, video, or audio file, but simply an immutable digital receipt of a transaction that references the location of the associated asset(s). Destroying the receipt has no impact on the intellectual property in question any more than throwing out a receipt from the grocery store has an impact on the items you purchased. Continue Reading →

What is the Metaverse?

Wall-E
In the metaverse (meta: to describe, verse: egotistically short for universe), everyone lives their ideal lives, visits amazing places, hangs out with incredible people, and has photographic evidence to prove it. In a metaverse, every event is epic, so even mishaps are considered exceptional. How might this evolve? Continue Reading →

Is Meta Smarter Than Google?

Mark Zuckerberg wants to build an AI universal translator for Meta: "This is going to be especially important when people begin teleporting across virtual worlds and experiencing things with people from different backgrounds.” He's right, of course. Continue Reading →
Meta announced "Personal Boundary" for Horizon Worlds and Horizon Venues, which "prevents avatars from coming within a set distance of each other, creating more personal space for people and making it easier to avoid unwanted interactions." Continue Reading →