Author: Jeremy Ryan

Alien Worlds has opened up round 2 of their community grants program. These grants are open to proposals from anyone with an idea for improving or expanding on the Alien Worlds ecosystem. The proposals that pass receive a stipend of TLM tokens to help pay for their development.. Alien Worlds introduced their Galactic Hubs grant program in the summer of 2022. One item that came from the first round of grants was the Battledome, a third party game that utilizes Alien Worlds NFTs for PvP battles. Now, applications are open for round two. Specifically, grants from the Alien Worlds Galactic…

NFT National Geographic has launched NFTs on Polygon, posting a detailed explainer of the technology on social media, prompting outright rage from hundreds of fans of the 135-year-old nature-centric magazine responding with rage. NatGeo’s Instagram, Twitter, and Facebook accounts posted an image of a Bored Ape Yacht Club (BAYC) NFT Monday with a caption detailing the rise of NFTs, which are unique blockchain tokens that signify ownership. The social media posts were designed to prepare the magazine’s mainstream audience for its own NFT drop on Polygon, which dropped Tuesday and features work from 16 different photographers including Justin Aversano, Reuben…

The Central Bank of Iran is reportedly cooperating with the Russian government to jointly issue a new cryptocurrency backed by gold.According to the Russian news agency Vedomosti, Iran is working with Russia to create a “token of the Persian Gulf region” that would serve as a payment method in foreign trade.The token is projected to be issued in the form of a stablecoin backed by gold, according to Alexander Brazhnikov, executive director of the Russian Association of Crypto Industry and Blockchain.The stablecoin aims to enable cross-border transactions instead of fiat currencies like the United States dollar, the Russian ruble or…

At the height of NFT hype, Web3 gaming stood tallest. However, most of these games relying on the “play to earn” model to incentivize players have proved unsustainable during bear markets. Typically, in-game items such as NFTs, or platform native tokens, are used to reward players for their efforts and time. The only problem is that these games have had issues with token liquidity, asset valuation, and low trade frequency.Furthermore, the low frequency of NFT trade has resulted in less value being added to game economies. As a result, this is negatively impacting the market capitalizations of native tokens. When…

The ongoing saga of the South Korean cryptocurrency exchange Bithumb continues, this time with ruling from local courts.On Jan. 13, the South Korean Supreme Court finalized its ruling that the exchange must pay damages to investors over a 1.5-hour service outage on Nov. 12, 2017. According to a local news source, the damages are equivalent to $202,400 — 251.4 million in the regional currency won.A district initially ruled against the investors, but it was later overturned. The finalized ruling from the Supreme Court ordered damages ranging from as little as $6 to around $6,400 be paid to the 132 investors involved.The…

NFT Will 2023 be crypto’s year? After the tumult of last year, what will be the trends influencing the market this year? One trend is the push for transparency. Cryptocurrency exchanges and businesses will make their practices more public and transparent so that the public can regain trust in the industry. Some prominent players (Binance, Coinbase, and others) have begun publishing their proof of reserves. If nothing else, 2022 has shown that this is a MUST. As inflation continues to ease, investors will have more disposable income. If they choose to invest it in crypto, one might see the crypto…

NFT Famed French luxury goods concern Yves Saint Laurent Parfums SA is set to make its debut in the Metaverse with trademark applications related to the use of non-fungible tokens (NFTs) for virtual goods. The applications, filed on Jan. 12, indicate that the company plans to offer multimedia files containing artwork, text, audio, and video content related to perfumery, toiletries, and other personal care items. Shoppers could soon be experiencing a digital version of the famed brand’s physical offerings. The filings also suggest Yves Saint Laurent’s goals extend to include sales directly through metaverse-based retail stores featuring said products. 2022…

Nonfungible tokens (NFTs), decentralized autonomous organizations (DAOs) and decentralized finance (DeFi) are redefining how charities raise donations and distribute funds to those most in need. Through ever-evolving crypto and blockchain-related technology, crypto philanthropists told Cointelegraph that they’ve witnessed “new wealth distribution mechanisms” never seen before. “Philanthropy has traditionally been seen as a high-cost-of-entry, individualistic activity, but with Web3, collective decision-making bodies like DAOs can use tools that streamline financial coordination and encourage more participation,” explained Omar Antila, Product Lead at Crypto for Charity.“Crypto enables new innovative fundraising strategies, like charitable NFT-drop campaigns, or allowing people to pool their crypto funds in DeFi protocols that…

NFT The NFT space sometimes feels overloaded with copycat projects, and there can be prolonged periods when an overriding theme or aesthetic takes hold. At these moments, multiple new launches will be configured similarly, and originality takes a back seat. At the same time, though, crypto and NFTs move quickly, and so, despite the constant presence of mimicry and trend-chasing, innovations can unfold seemingly overnight, and the urge to experiment is ever-present. This is all in the nature of an ecosystem where regulation and traditional corporate boundaries have been, up to now at least, more or less non-existent. With all…

NFT Some possible NFT applications on the L2 network are event tickets and virtual real estate. The Shiba Inu team has confirmed that Shibarium, the upcoming layer-2 blockchain solution for the Shiba Inu project, will introduce an option allowing creators to mint chain-specific non-fungible tokens (NFTs). The feature is one of the numerous exciting developments the team teased in a recent blog release. Pawzaar highlighted the forthcoming feature, a newly-launched NFT marketplace built for the Shiba Inu ecosystem. “Shibarium will be home to countless NFT collections, and you can trade them using Pawzaar,” the project disclosed in a tweet Monday,…