Author: Jeremy Ryan

NFT This week’s guest on the Cardano NFT Column is a project banking on web3 creators to lead the digital renaissance and inspire the art of tomorrow: The Art Bank. The previous guest was a project that will be launching a collection of 10k NFTs which represent crowdfunded partial ownership whiskey casks. This initiative is a point of reference for NFTs on Cardano and every week or two we will invite someone to answer some questions and give us an update directly from within the Cardano community. Considering that many of our readers are new to the crypto space, we…

NFT If crypto trading is still a niche activity, then NFTs are a niche within a niche, and the past year has seen active market participants gradually becoming narrowed down to true believers. Overall, NFT trading volumes dropped, trades by new wallets went down, meaning fewer new participants, and NFT interest on Google Trends showed a running decline (aside from when Donald Trump launched an NFT collection, causing a temporary spike in interest last month). All of this does not mean that nothing has happened in the NFT space. There have been new collections released and occasional bursts of activity,…

NFT YouTuber Logan Paul has unveiled a $1.5 million recovery plan for the people who invested in his beleaguered NFT project CryptoZoo. Announcing the move in a video shared via Twitter on Jan. 13, Paul reiterated that he is no longer looking to sue fellow YouTuber Coffeezilla for defamation over accusations he made in a critical series of videos on Paul’s NFT project. My 3-step plan for CryptoZoo, including a $1.3M rewards program for disappointed players.Thank you, @coffeebreak_YT pic.twitter.com/xFX017UHoc — Logan Paul (@LoganPaul) January 13, 2023 As such, Paul emphasized that he is instead focused on fixing CryptoZoo, delivering on…

Blockchain Blockchain use cases have expanded far beyond cryptocurrency in the past years, with multiple industries embracing the technology in a wide range of fields, including healthcare, logistics, and financial services. The hype has many reasons behind it. Blockchains are decentralized, transparent, and increase the capacity of a whole network, opening a window for solutions that require significant computational power. More importantly, it gives users the capacity to control their assets, including their data, without relying on third parties. As blockchain evolves, companies across the world are working to find the best ways to implement the technology on a range…

NFT The nonfungible token (NFT) industry has experienced some market turbulence over the past few months, but this hasn’t stopped both Twitter and Instagram from making moves into an industry that some estimate could be worth $231 billion by 2030. This comes off the back of Twitter having recently announced NFT Tweet Tiles and Instagram releasing an array of different NFT-related tools, and many NFT enthusiasts are naturally starting to deliberate which one will come out on top as the go-to social media platform for NFTs. Going by their unique value proposition and recent events, it is evident that Instagram…

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…