Author: Jeremy Ryan

NFT He owns 75 luxury brands including Louis Vuitton, Tiffany, and Tag Heuer, a luxury superyacht named Symphony, his own private island in the Bahamas and, uncharacteristically, a collection of NFTs. Turns out, the world’s richest man, Bernard Arnault, has his own little nest egg of digital collectibles, despite past comments that seemed to show hesitancy regarding the technology. In a conversation with his former advisor and chief digital officer of LVMH, Ian Rogers, the chair and CEO of the conglomerate of luxury brands, revealed his own NFT collection. Arnault has reportedly exhibited a “tepid” attitude toward the technology in…

Luxury auction house Sotheby’s is revolutionizing the digital art world by launching its on-chain secondary marketplace on its Sotheby’s Metaverse platform. The platform will allow collectors to buy and sell secondary NFTs. While many NFT marketplaces exist, Sotheby’s distinguishes itself by offering a curated selection of works by leading artists carefully chosen by its team of specialists.Smart Contracts and Cryptocurrency TransactionsThe secondary sales on Sotheby’s Metaverse are powered by automated smart contracts, which enable collectors to purchase art and collectibles using Ethereum (ETH) or MATIC, the token native to Polygon. Transactions are fully on-chain and executed on the Ethereum and…

London’s HOFA Gallery has combined its efforts with Solana-based NFT platform, Kreation, to present an immersive art exhibition from May 5 – 26. Valuing at approximately $5 million (2,500 ETH), “Beyond the Screen” will feature nine iconic NFT artists, proving the worth of creators in the Web3 realm. All attendees can enjoy the artworks from famous NFT artists XCOPY, OSF, Orkhan, Cath Simard, Alpha Centauri Kid, DeeKay, Gavin Shapiro, Ivona Tau, and 25m42. When entering the gallery, participants can admire a variety of mediums, including generative art, interactive installations, virtual reality experiences, digital sculptures, and more.The HOFAVERSE Metaverse will also open alongside HOFA’s real-world gallery in Mayfair, allowing internet fanatics to the…

NFT ConsenSys-built Layer 2 network Linea is introducing a loyalty NFT campaign to boost activity on its testnet. The program will reward users with NFTs for performing certain tasks related to using the testnet, according to a blog post. The plan aims to help stress the network and test activities at scale ahead of the network’s mainnet launch expected in the coming months. The weekly challenges will involve using bridging protocols built on the Linea testnet including Hop Protocol, Celer Network, Multichain and Connext. Bridging refers to the transfer of digital assets across different networks. The campaign follows similar ones…

NFT Art auction house Sotheby’s is expanding into the NFT with the release of a specially curated peer-to-peer secondary marketplace. Through its Web3 division, Sotheby’s Metaverse will now offer direct transactions between collectors on its platform. The integrated sales system will be fully connected to the network via Ethereum and Polygon, and users will be able to pay with either ETH or MATIC token. Sotheby’s Metaverse says it will continue to pay royalties to artists through smart contracts on its resale platform, which automatically pays artists according to their chosen online royalty rate. The artists featured in Sotheby’s secondary market…

NFT Sports Illustrated today announced Box Office, a new NFT ticketing platform built on Polygon, an Ethereum scaling network. The move marks the storied sports brand’s entry into primary ticket sales alongside its SI Tickets secondary marketplace that launched in 2021. Box Office is now part of SI Tickets, the online marketplace that resells tickets to major events across sports, concerts, and theater. Instead of catering to the biggest events in sports and music, Box Office welcomes ticket listings from smaller community events that typically might otherwise appear on ticketing sites such as Eventbrite or DICE. “We’re not here to…

Blockchain The zkSync team has fixed a minor network bug that slowed down withdrawals on the chain for up to four hours. The team says zkSync is now healthy and functioning correctly as expected. zkSync Era, an Ethereum layer-2 scaling solution and privacy engine that launched its alpha mainnet in March, has revealed that it has fixed a bug on its platform that adversely impacted withdrawal processing times on the chain. Per a network update released by the team during the early hours of May 2, its on-call team was notified that the zkSync protocol was not generating proofs for…

NFT Blend, a lending protocol launched on Monday by the non-fungible token (NFT) platform Blur, saw a total loan volume of 6,406 ETH in 24 hours, on-chain data shows. Azuki is the NFT collection with the highest total volume on Blend, followed by Cryptopunks and Milady. Azuki Accounts for the Highest Loan Amount on Blend New NFT lending protocol Blend registered a total loan volume of 6,406 ETH on May 2, according to on-chain data. Meanwhile, the total loans accepted on Blend hit 679 a day after its launch. Generative avatar NFT collection Azuki currently has the highest total loan…

NFT Nonfungible token (NFT) marketplace Blur has recently launched its collateralized lending protocol called Blend, allowing a buy now, pay later approach in purchasing NFTs. Members of the community had varying reactions. Some believe that it’s massive for the space while others called on the United States Securities and Exchange Commission (SEC) to protect users against such products. On May 1, Blur launched a peer-to-peer perpetual lending protocol called Blend, a platform they developed with the help of the venture capital firm Paradigm. The protocol supports NFT collateral, and the team claims that it would collect zero fees from both…

beginner Bitcoin has revolutionized the financial landscape, providing an alternative to traditional currencies and a means of transacting without intermediaries like banks. As the popularity of Bitcoin and other cryptocurrencies has grown, so has the need for a secure and easy way to store and manage these digital assets. Enter the Bitcoin wallet — a crucial tool for anyone looking to invest in cryptocurrencies or use them. In this article, we’ll explore what a Bitcoin wallet is, why you need one, and the different types of wallets available, complete with their pros and cons. I — Daria Morgen, the author…