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Woodies, the Ethereum-based NFT collection and web3 entertainment brand, is releasing a new short film titled ‘Woodies Origin’ on YouTube. Therefore, through this, they have deemed themself the “Pixar of web3”. A screengrab from the ‘Woodies Origin’ film preview. The ‘Woodies Origin’ Film To clarify, the Woodies collection is forming themselves as a web3 storyteller with their new short film titled ‘Woodies Origin’. The new film represents how NFT artistry can be transformed into films in a classic style. The film is 3-minutes long and is a journey revealing the Woodies’ unique and mystical origin story. The story goes that…

After weeks of consideration, Dungeons & Dragons (D&D) publishers have decided to do away with proposed changes to scrap derivative NFT projects. However, the decision appears forced as they faced much backlash from the tabletop gaming community.On January 13, Wizards of the Coast, the entity behind D&D, announced that they intended to modify the legal framework that has allowed content creators to produce content compatible with D&D for the past 20 years.The entity offered three reasons why they intended to modify the Open Game License (OGL). One of them was to address Web3 developers. “We wanted to address those attempting…

One of India’s biggest retail chains, Reliance Retail, announced that they have started accepting the digital rupee at one of its store lines and plans to extend the rollout to all its businesses. In a report by Tech Crunch, the company said central bank digital currency (CBDC) support is already rolled out at Freshpik, its gourmet store line. In addition, the firm also noted that it would be expanding support for the digital rupee to all of its properties, a move that could push adoption forward for the country’s CBDC. V Subramaniam, an executive at Reliance Retail, pointed out that accepting…

Fumio Kishida, the prime minister of Japan, has come out in support of blockchain as a potential solution for technological issues facing the country.In response to questionsfrom Liberal Democratic Party member Masaaki Taira before the Budget Committee of Japan’s House of Representatives on Feb. 1, Kishida said there were “various possibilities for using Web3” in Japan. He added that the Japanese government could use aspects including nonfungible tokens (NFTs) and decentralized autonomous organizations (DAOs) in efforts to revitalize regions and promote “Cool Japan” — a national strategy aimed at showing off the country’s innovations and culture to the rest of…

Gutter Cat Gang, the extremely successful NFT collection, have added a new tier to their ‘Gang Membership’, titled ‘Gutter Clones’. Users were able to get these by purchasing DNA-2 (or DNA-1) via a Dutch Auction. The new Gutter Cat Gang collection dropped on Saturday, September 10th. A preview of the DNA-2 Juice that was available via Gutter Cat Gang’s Dutch Auction. The Tier and Cloning Process of Gutter Cat Gang The Tier process of Gutter Cat Gang is fairly simple. From lowest to highest value it goes Gutter Clones in the entry tier (require DNA to gain), Gutter Rats, Pigeons…

The idea of lifting the cryptocurrency ban has started floating in China as a former central bank official has called the country to review its stringent crypto restrictions.Huang Yiping, a former member of the Monetary Policy Committee at the People’s Bank of China (PBoC), believes that the Chinese government should think again about whether the ban on cryptocurrency trading is sustainable in the long run.Huang voiced his concerns about the future of fintech in China in a speech in December, according to a transcript published by the local financial website Sina Finance on Jan. 29.The former official argued that a…

Decentralized finance (DeFi) protocols experienced a boom in total value locked across different staking pools in January 2023. The market hit $74.6 billion worth of staked assets, increasing by 26% from December.In its latest monthly report, DappRadar outlined the growth of the DeFi sector alongside rejuvenated nonfungible token (NFT) markets that have also had upticks in trading volume and sales.Optimism emerges as the top DeFi performer, seeing a 57.44$ increase in total value locked (TVL) at $808 million. Blockchain Analyst Sara Gherghelas told Cointelegraph that Optimism’s transaction volumes were likely driven by a “learn-to-earn” incentives program that ended midway through…

PROOF Collective has just announced a European tour for its members, (and additionally Moonbirds and Oddities holders) beginning this October. These IRL meetups will bring together the PROOF Collective members for an event that’s all about the blockchain, crypto, and NFTs of course! Read on to discover more about these upcoming IRL events. PROOF’s European “Roadshow” poster. About the collective’s European Roadshow The first stop on the PROOF Roadshow is Lisbon. On 7 October, holders will gather at Rove – an artistic hub and bar that describes itself as the “intersection between urban surf culture, gastronomy & art.” The second…

NFT For nearly a decade, creators have enlisted sidechain or layer-2 solutions to link digital art to the Bitcoin blockchain. But how this is accomplished—or whether it should even be done—has Crypto Twitter up in arms after new project Ordinals developed a way to add digital items to on-chain Bitcoin transactions. NFT are blockchain tokens that can serve as a proof of ownership for assets, including digital goods like artwork, videos, music files, and memberships. While blockchains like Ethereum and Solana are synonymous with NFTs and digital collectibles, many Bitcoin developers have sought ways to bring them to the quintessential…

Blockchain Cross-chain messaging platform Connext released a new upgrade called Amarok that allows developers to build cross-chain applications, a move that could improve the on-chain user experience. The upgrade also allows for decentralized finance transactions such as liquidity providing, which could solve liquidity fragmentation issues. “Today, when you search for cat videos on YouTube, you don’t need to know anything about Google’s complex distributed database infrastructure. You just interact with the app,” Connext’s founder and CEO Arjun Bhuptani said, highlighting the importance of cross-chain applications. While there are several other bridges in the industry working on the same issue, Connext…