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NFT Following considerable backlash from the Dungeons & Dragons (D&D) community this week, publisher Wizards of the Coast today said that it will scrap some planned license changes that impact fan-made content and projects. But an updated license is still coming, and it appears that derivative Web3 content such as NFTs will indeed be prohibited under the new rules. Wizards of the Coast first shared plans last year to update the long-standing Dungeons & Dragons Open Game License (OGL), which allowed fans and other companies to create and sell derivative works inspired by the tabletop role-playing smash. One of the…

Blockchain Talk of decentralized social media platforms continue to gain significant traction, with users becoming increasingly concerned with the centralized nature of traditional platforms and the potential for censorship. Even the former CEO of Twitter, Jack Dorsey has publicly pushed for a decentralized Twitter alternative. Cointelegraph interviewed Rick Porter, the CEO of decentralized social media start-up DSVR, about the potential these platforms have to change the way users interact and share information online. Porter said that decentralized social media platforms provide, “the potential for users to own their content, their data, and make decisions about its monetization.” Porter also believes…

Last year, Meta made the bold decision to begin allowing NFTs to be displayed and sold on both Instagram and Facebook, testing this feature with a select group of users. This was a risk on Meta’s part as no social media sites of that size had done that before. Now, months later, this risk appears to have paid off as artists flock to Instagram to make use of the new feature.Instagram Sees Big NFT SuccessAccording to reports, several prominent creators have launched their NFT collections on Instagram and these have gone on to sell out. For example, The Aku’s Dream…

Blockchain Ethereum (ETH) founder Vitalik Buterin has warned that new blockchain chains will likely fail if they don’t offer something unique to users. According to Buterin, emerging chains should put more focus on meeting the needs of the average user and work towards enacting a fresh philosophy into the crypto sector, he said during an Ethereum Ask Me Anything (AMA) session on Reddit. He equated the situation to the existence of Twitter (NYSE: TWTR) and Facebook (NASDAQ: FB), which were among the original social media sites and have partly remained the dominant players despite the emergence of other platforms. In…

Blockchain Construction and management simulation game Tiny Colony will migrate to ImmutableX. Originally built on Solana, the move will come with new features for the Tiny Colony ecosystem, dubbed “the Tinyverse,” including a built-in crypto wallet and the option to pay for in-game assets in fiat. It will join the Australian-based Immutable’s roster of games including Gods Unchained, Illuvium, Guild of Guardians and Ember Swords. Tiny Colony is not the only project that’s announced plans to leave Solana of late. In December, two of the largest NFT projects on Solana, DeGods and y00ts — both the product of NFT creator…

NFT The ongoing crypto winter has been painful for the entire industry, but 2022 was particularly rough for Solana. The collapse of FTX and Alameda Research, which were closely linked to and financially entrenched in the Solana ecosystem, accelerated a decline in a year marked by technical issues and high-profile hacks. Although Solana hosts a thriving NFT ecosystem and growing gaming push, the turbulent times and 94% token price plunge have pushed some creators to look for greener pastures elsewhere. Solana game Tiny Colony is the latest project to chart a move to another blockchain, following a similar announcement from…

Blockchain As part of its usual capital raising on the financial markets, today the Finance Division of the City of Lugano, in cooperation with Zürcher Kantonalbank, issued a 100 million franc bond with a 6-year term and 1.625% coupon, based entirely on Blockchain technology. The issuance of the City of Lugano’s new bond was through the innovative SIX Digital Exchange (SDX) platform, linked to the SIX Group, the world’s first digital platform based on Blockchain technology to be fully regulated. The issuance represents the first bond in the history of the public sector, to be issued, listed and traded digitally…

NFT The independent research survey on private capital markets, among others, yielded excellent results for crypto and NFTs. Which ranked among the best options, according to respondents, where secondary markets are most applicable. The survey was conducted by The World Digital Foundation in association with Crowdfund Insider and includes questions and data on equity crowdfunding, venture capital, NFTs, secondary trading and private equity. The resulting survey data: good for NFTs and crypto Focus on Non-Fungible Tokens, Cryptocurrencies, Private Securities, and Investor Challenges The resulting survey data: good for NFTs and crypto Based on the findings of the independent research survey…

NFT The music industry has not shied away from its keenness on adopting Web3 solutions. From nonfungible tokens (NFTs) helping artists connect with their communities to blockchain being used for various use cases including event ticketing. Another relevant implementation of the technology to be considered by industry insiders is how Web3 tools can help artists and companies manage music metadata. Cointelegraph spoke with Con Raso, the managing director of B2B music streaming technology provider Tuned Global, to better understand this use case. In the current Web2 music industry, numerous organizations are dedicated to the management of music metadata, along with…

Yuga Labs, for all intents and purposes, has already conquered the NFT space, having released such projects as the Bored Ape Yacht Club and Otherside. Now, it is looking to take on gaming as well with the announcement of a gaming mint from January 17, 2023. This mint is tied to Dookey Dash, a skill-based game that will act as an extension of the existing NFT ecosystem.Yuga Goes Gaming This development was confirmed in a January 12, 2023 announcement from Yuga Labs. It states that Bored Ape and Mutant Ape Yacht Club holders will be able to mint a new asset from…