What is cryptocurrency?
In simple terms, a cryptocurrency is a digital form of money, a digital asset representing a store of value. It is a decentralized currency built on blockchain. A cryptocurrency is: Decentralized Encrypted Recorded and verified on a blockchain Not controlled by any government or other authority The first-ever (and the biggest one by market capitalization) […]
What is a blockchain?
The word “blockchain” seems to be everywhere these days. Everyone, from the biggest corporations like IBM to small startups, is jumping on the blockchain bandwagon, trying to leverage the best of it for their products and clients. And even though the technology might look confusing from the outside, it really isn’t, and here’s our guide […]
Web3 news, June 1: Insider trading charge and Kanye West’s U-turn on NFTs
Ex OpenSea head of product charged with insider trading Nathaniel Chastain, former head of product at non-fungible token (NFT) platform OpenSea, has been charged with money laundering and wire fraud. Chastain is accused of making money using privileged information. He is said to have been responsible for NFTs that will be featured on the Open […]
Web3 news, May 31: Sci-fi project from Hunger Games execs, Gary Vee’s NFT venture, market outlook
‘Hunger Games’ creative execs turning new project into Web3 world In an interview with Decrypt, Cedric Nicolas-Troyan, Bryan Unkeless, Blaise Hemingway and Bryce Anderson shared their vision and plans for the upcoming sci-fi project called Runner. Runner is built to become a video game, NFT profile picture project, comic book and TV show. “While our […]
Web3 news, May 30: Prada, Balmain, Nike, market growth
This week kicks off in fashion! Major luxury brands are turning to the digital assets space in an attempt to capture potential buyers’ attention. Prada has become the latest luxury brand to launch NFTs Prada is launching its newest Timecapsule collection with a tech twist on Thursday. The Italian luxury fashion house is releasing 100 […]
May 24, Web3 news: Earvin ‘Magic’ Johnson, $37 million for metaverse app, 26 NFT trademarks
Earvin “Magic” Johnson to launch NFT collection Earvin “Magic” Johnson is joining the list of athletes and celebrities who entered the non-fungible (NFT) space. The basketball legend is releasing “The anthology: Magic Johnson” NFT collection on June 7 in partnership with NBA Top Shot. The collection will consist of 1,600 digital collectibles packs depicting the […]
What is Bitcoin Pizza Day?
Every year, on May 22, the crypto industry celebrates Bitcoin Pizza Day. Although it is not about pizza with Bitcoin, it is about Bitcoin and about pizza. Here’s what happened. In 2010, a user named “laszlo” started a thread called “Pizza for bitcoins?” on bitcointalk.org. They offered to “pay 10,000 bitcoins for a couple of […]
Web3, May 23: eBay, GameStop, and Pharrell Williams
Ebay taps into Web3 with NFT collection An e-commerce giant eBay is releasing a collection of 13 “limited-edition” digital collectibles, containing 299 NFTs, in partnership with a Canadian hockey legend, Wayne Gretzky. Each collectible depicts a 3D animated rendering of Gretzky making one of his famous moves on the ice. […]
Web3 news: May 20: Biggest NFT conference, DAO for women and LGBTQ community, NFTs for vaccinated teens
DAO raises $4.5 million to challenge male dominance, support women, LGBTQ UnicornDAO, formed by Nadya Tolokonnikova, a founder of a Russian feminist activist band, John Caldwell and Rebecca Lamis, in March 2022, has raised $4.5 million and bought $1.4 million worth of art to support artists that come from minority groups, including women and members […]
Recent security attacks and fails in the NFT world
Non-fungible tokens (NFTs), as much as they have become a new way for artists and inventors to interact and claim ownership, have fallen victim to one of the most pressing issues the crypto industry is still experiencing – security. In this article, we’ll take a look at one of the most “popular” and most devastating […]