Non-fungible tokens, explained
Non-fungible tokens (NFTs) – sometimes also referred to as “nifties” – are unique tokens that can not be interchanged or broken down into smaller parts (as opposed to fungible tokens). NFTs are unique in their nature, which means there might be only one of them, the original one; they represent a unique asset on a […]
Web3 news, May 19: Mainstream music NFTs, “Clean the ocean” campaign in metaverse, $300,000 NFTs theft
Universal Music wants to make music NFTs mainstream Universal Music Group (UMG) wants to make music NFTs an everyday interaction between artists and their fans. The record label has partnered with LimeWire marketplace to “explore unique ways to engage with fans through digital music collectibles and Web3, and generate new revenue streams,” according to the […]
Web3 news, May 18: Twitter decentralized rival, a16z $600 million gaming fund, Twitch exec’s Web3 platform
Aave launches a decentralized Twitter ‘killer’ protocol Aave, a DeFi protocol, has released a decentralized social graph called Lens Protocol to provide users with a new version of social media. The protocol describes itself as “Web3 native <…> with features to serve the Web3 community.” Built on Polygon, Lens Protocol allows users to own their […]
Markets, Robinhood, Getty Images: Web3 news, May 17
Robinhood announces Web3 wallet launch Robinhood, apparently, can’t stay away from non-fungible tokens (NFTs) and the market share it has to offer. The zero commission trading app is building a rival to MetaMask, a Web3 wallet that will allow its users to hold NFTs and will be connected to various marketplaces. The wallet will be […]
Web3 news, May 16: Spotify, Danny Trejo, Twitch’s co-founder new company
After the week the crypto industry had, many are coming to the new week with hopes for better news and numbers. Spotify is testing new NFT feature Spotify will let its users promote their NFTs in an upcoming trial run. The platform’s artists will be able to showcase their NFTs, while only some US-based users […]
Web3 news, May 13: Market rebound, Emirates metaverse plans, Ukraine’s NFTs
After the crazy week crypto markets have had (and Elon Musk’s sudden U-turn on Twitter acquisition), it’s good to read something, well, not so bad. And we definitely have something good to report. Emirates airline explores NFTs, metaverse, crypto payments Emirates airline is planning to enter the digital assets industry as it’s looking to transform […]
Royalties for music fans, metaverse in esports, Mr. Bean’s NFTs: Web3 news, May 12
While crypto traders might be preoccupied with the market’s recent volatility, the NFT space keeps growing and welcoming more artists and partnerships. Chainsmokers becomes the first music band to share royalties with fans through NFTs The music duo The Chainsmokers is releasing their new music album “So Far, So Good” on Friday, May 13, which […]
Azuki founder apologizes after disastrous Twitter Space, promises to fix mistakes
Zagabond, a Twitter account behind the Azuki NFT project, took to Twitter to apologize after an infamous Twitter Space session and unexpected revelations the day before. On May 10, The Azuki founder revealed they were behind three alleged scam NFT projects –– CryptoPhunks, Tendies and CryptoZunks. Following the statement, Zagabond took part in a Twitter […]
Web3 news, May 10: Madonna releases NFTs, Andreessen Horowitz invests more in the space
It’s all about the money today: so much news of funding definitely indicates investors’ trust in the Web3 industry, especially if it involves whales like Andreessen Horowitz. Now, let’s see who raised how much and what for. NFT protocol raised $25 million in a seed round led by A16z An NFT infrastructure protocol Co:create has […]
Instagram’s NFT feature, Wall Street’s Fearless Girl, $1.4 million sale: Web3 news, May 9
Instagram’s NFT feature, Wall Street’s Fearless Girl, $1.4 million sale and more – today’s major headlines in the Web 3 world. Instagram to let some users try NFTs as profile pictures this week It’s finally happening: Meta-owned Instagram is rolling out a test trial this week to let some users post nonfungible tokens (NFTs) as […]