Author: Jeremy Ryan

In the wake of an eventful 2022 for the crypto space, many investors are now wondering what the future holds. Early this year, the crash course the Terra ecosystem went on sent the space into a downward spiral, sinking millions in investor funds in mere days. Most recently, one of the biggest centralized exchanges, FTX, filed for bankruptcy, also dragging down millions in customer assets.Such disastrous events have led a lot of crypto investors to start seeking protection and security, in the form of regulation. The crypto space is notoriously unregulated, but investors are suffering the consequences with losses of…

This week, NFT Steez met with Cryptoys founder Will Weinraub to discuss the current role of play and toys in regard to their integration with nonfungible tokens  and Web3 as a whole. Weinraub believes that the act of play is “not restricted to children” and that as adults, “we still crave the element of play throughout life.” According to him, “play has evolved” through the development of technology. NFTs, especially in gaming, have highlighted this layer of ownership through play.Weinraub and Cryptoys theorize that “adults are just looking for ways to feel like kids again.” Keeping the question of “how play evolves” at…

A group of customers attempting to sue Compass Mining for over $2 million for failure to return their Bitcoin machines after cutting ties with a Russian hosting company, has had their case dismissed just a day after filing their complaint.However, the judge has given the plaintiffs another two weeks to file a second amended complaint. The original complaint stems from a partnership between Compass Mining and Bit River which was intended to allow Compass’ customers to host their machines at Bit River’s facilities to take advantage of “enterprise-grade, low-cost and low-carbon cryptocurrency mining facilities in Russia.”In a court document filed with…

NFT Alethea AI and Polygon Labs are jumping on the AI hype with the launch of an AI-powered NFT project that allows users to create NFT avatars through text-based prompts similar to OpenAi’s Dall-E image generator. The project plans to allow “anyone to rapidly create, train and trade AI Characters as NFTs on Polygon.” CharacterGPT, created by Alethea AI, claims to go “beyond traditional text-to-image engines like Open AI’s Dall-E 2… to generate fully interactive and intelligent AI characters with a single-line prompt in natural language.” An example of the creation process is shown in the video below. The gold…

Blockchain Two teams shared the details of their game-chainging partnership. New collaboration is designed to ensure better trading experience for all participants of Web3 art markets through tokenization and liquidity injections. AllianceBlock scores one-of-a-kind partnership with ARTBANX According to the joint official statement shared by AllianceBlock and ARTBANX, the two teams have entered into a long-term strategic partnership. This collaboration covers technology, marekting, and promotional aspects. With this partnership, AllianceBlock will fuel ARTBANX’s art collections with the disruptive power of Nexera Protocol’s infrastructure and NexeraID’s identity management toolkit, its two flagship developments. As such, artworks by creators from various regions…

Blockchain Blockchain technology has revolutionized the way we think about data storage and transactions, but it can also be a complex field for developers to navigate. One tool that can help simplify the process is ChatGPT, a large language model created by OpenAI. A language model is a type of artificial intelligence model that is trained on a large corpus of text to generate or predict text. It can be used to generate new text, such as in machine translation, or to predict the likelihood of a sequence of words. It uses natural language processing and machine learning techniques to…

Blockchain Maple, an on-chain institutional lending platform, released its Q4 2022 treasury report on Wednesday, highlighting its reason for retiring Maple Solana. It also focused on the company’s revenue and expenses last year and the plans for the current year. Wu Blockchain took to Twitter to share updated news on its Twitter handle. Maple, an on-chain institutional lending platform, issued 87 million loans in the fourth quarter, far lower than the $262 million in the third quarter; in addition, it decided to retire Maple Solana to reduce operating costs. https://t.co/qsbHTIDdqD — Wu Blockchain (@WuBlockchain) January 20, 2023 As per the…

The United States Financial Crimes Enforcement Network (FinCEN) — a bureau of the Treasury Department — has argued that Binance is linked to the illegal cryptocurrency platform Bitzlato.In an order published on Jan. 18, FinCEN stated that the Binance cryptocurrency exchange was among the “top three receiving counterparties” of Bitzlato in terms of Bitcoin (BTC) transactions.According to the authority, Binance was among the biggest counterparties that received Bitcoin from Bitzlato between May 2018 and September 2022. Other counterparties included Russia-connected darknet market Hydra and the alleged Russia-based Ponzi scheme known as “Finiko,” FinCEN noted.On the other hand, FinCEN did not…

Blockchain Web3 technologies continue to infiltrate various mainstream industries to bring innovation to old systems. This includes legacy creative fields such as the music industry and more recently, the film industry. This year, the Slamdance Film Festival, an oscar-accredited film festival for indie filmmakers, will see the premiere of the new film “Fuzzy Head,” which received its funding through the blockchain-powered crowdfunding platform Untold.io. Ali Aksu, the CEO of Untold.io, told Cointelegraph that filmmakers, as in the case of Fuzzy Head, can use blockchain technology to democratize their financing process and open up investment opportunities to both accredited and unaccredited…

NFT BNB Chain deployed the highest number of dApps throughout 2022 with 2,163 dApps, while Ethereum ranked first for amount of NFT transactions, according to a recent report by DappRadar. With 21.2 million transactions, Ethereum (ETH) became the busiest platform for NFT sales in 2022, followed by WAX (WAXP) and Polygon (MATIC) at second and third place with 14.5 million 13.3 million transactions, respectively. Meanwhile, BNB Chain only recorded 1 million NFT transactions throughout the year. dApp Integrations Even though it recorded a 7% decrease since 2021, BNB Chain remained at the top of the list by integrating 2,163 dApps…