Author: admin

Fans of the popular Fox Entertainment production ‘The Masked Singer‘ are set to enjoy exclusive content by owning NFTs. This comes after the show introduced a digital fan experience that features generative art. These NFTs will also allow fans to vote on live shows and access any other token-gated material.The move comes after years of consideration and paves the way for other industry players that wish to offer similar experiences to their audiences. To bring its NFT strategy to life, Fox established Blockchain Creative Labs (BCL) in 2021.Over the subsequent two years, the company and its blockchain arm partnered with…

The Bank of Zambia and the country’s securities regulator are “testing technology” to enable the regulation of cryptocurrencies, Technology and Science minister Felix Mutati announced on the ministry’s website. The country’s move aims to “achieve an inclusive digital economy.” Speaking in the city of Lusaka, Zambia’s capital, the minister claimed that “cryptocurrency is the future that the country desires to achieve,” but a policy framework is required to support this “revolutionary technology.” According to Mutati: “[…] the testing of the technology on regulating cryptocurrency will be upscaled in due course as part of deliberate measures to achieve an inclusive digital economy for Zambia.”The…

The network effect is a phenomenon where the value of a product or service increases as more people use it. As the user base grows, there are more opportunities for interactions, which can lead to increased benefits and positive outcomes for each user. The network effect is a powerful driver of growth and adoption for many technologies and platforms, including social media, messaging apps and marketplaces.The network effect and cryptocurrenciesThe network effect is also a central concept in the world of cryptocurrency. In general, it means that a cryptocurrency’s value rises as more people use it. This is because a…

NFT Fandom’s Archive 2016 Launches to BNB Chain Fandom Studio has partnered with BNB Chain to mint the special PEACEMINUSONE NFT collection ‘Archive 2016’ on OpenSea and Binance NFT. According to a February 17 BNB Chain blog, Fandom Studios will launch 44,800 NFTs as an online jigsaw puzzle meant to gamify the NFTs. The individual piece will range in price from $288 to $488. “We are thrilled to have Fandom Studio and PEACEMINUSONE join the BNB Chain community and be a part of such an interactive approach to NFTs. The unique concept of breaking down the collection into puzzle pieces…

Representatives for Voyager Digital’s unsecured creditors have requested that former FTX CEO Sam Bankman-Fried (SBF) and several top-level executives from FTX and Alameda Research provide documents and appear in court remotely next week for a deposition.A court filing on Feb. 18 in the United States Bankruptcy Court for the Southern District of New York stated that Bankman-Fried has been served a “Subpoena to Testify at a Deposition in a Bankruptcy Case.” A snippet of Voyager’s subpoena for Sam Bankman-Fried. Source: cases.stretto.comIt was served by the Official Committee for the Unsecured Creditors of Voyager Digital Holdings, a bankrupt crypto lending exchange, who…

NFT In the fast-evolving world of NFTs, the decision by leading marketplace OpenSea to temporarily eliminate its 2.5% fee on sales and reduce creator royalty protections in response to the emergence of a rival platform, Blur, has sparked a contentious debate. But what if a different world existed, one where artists were freed from the shackles of the platform pimps? Part of the reason I got into crypto was a love of open-source software and decentralization. The idea that anyone, anywhere, could participate in the digital economy that prioritized artists and royalties became a huge motivating factor and rallying for…

The iconic wolf skull logo of Bored Ape Yacht Club (BAYC), Yuga Labs’ premier nonfungible token (NFT) collection, was allegedly illegally trademarked without proper licenses. The image was originally released by a company specializing in drawing tutorials for children and beginners.NFTs were introduced to the world to help solve the illegal use of intellectual properties and protect artists — the very problem Yuga Labs has been accused of doing. Crypto Twitter member and NFT artist @Jdotcolombo came across a post from April 5, 2021, in which Easy Drawing Guides advertised “an easy step-by-step drawing tutorial” for a wolf skull.Website showing…

Non-custodial crypto platform ShapeShift refuted United States Senator Elizabeth Warren’s claims of “illicit financing,” suggesting that she used the platform as a scapegoat to “push” her latest crypto bill, according to a recent statement.ShapeShift stated in a tweet on Feb. 19 that Warren made “mistakes” in her “analysis” of the platform at a recent senate banking committee hearing entitled, Crypto Crash: Why Financial System Safeguards are Needed for Digital Assets, on Feb. 14.On Valentine’s Day, @SenWarren attempted to use ShapeShift as an example to push her latest crypto bill.Unfortunately, there were mistakes in the Senator’s analysis, and we’d like to…

The CEO of Custodia Bank, Caitlin Long, has slammed regulators and lawmakers in Washington D.C. for their “misguided crackdown” on the crypto sector and ignoring her warnings of major “fraud” allegedly conducted by now-bankrupted entities.In a Feb. 17 blog post titled, Shame On Washington, DC For Shooting A Messenger Who Warned of Crypto Debacle, Long tore into the government for its approach to crypto regulation, failing to protect investors and alienating good actors in the space: “Washington’s misguided crackdown will only push risks into the shadows, leaving regulators to play whack-a-mole as the risks continuously pop up in unexpected places.”Long…

NFT NFT marketplace aggregator Blur.io has surpassed Uniswap, OpenSea, and Etherum transactions as the top ETH burner over the past 24 hours. Data shared by Access Protocol CEO Mika Honkasalo from Ultrasoundmoney highlighted that over 252 ETH was burned as a result of Blur.io activity between Feb. 18 and Feb. 19. Furthermore, the two contracts identified by Ultrasoundmoney combined to a total of 310.7 ETH compared to 239.39 ETH and 177.8 ETH from Uniswap and OpenSea, respectively. Ethereum burn mechanics A base fee is paid by the sender of an ETH transaction and then burned to reduce the overall supply…