Web3 news, June 15: An outlook on not so grim NFT market
I have to be honest with you –– the markets do look tough right now. With major cryptocurrencies losing more than 30% in price and the biggest crypto companies like Coinbase and BlockFi laying off up to 18% of their employees, it’s getting more and more complicated not to get worried. But there is good news, too. […]
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 […]
NFTs have a trust problem — and it needs to be fixed
NFTs have a trust problem. It’s not an image issue that needs managing. It’s a real problem that needs fixing. And it’s not going away until some fundamental reforms and upgrades are made to the architecture of NFTs (non-fungible tokens). How do we know there’s a significant trust issue? Because any time fraud and piracy […]
Is it safe for brands to wade into Web3?
When word spread in online news publications last week about the launch of The NFT Bay, it reinforced our thesis here at Digital Culture Works that Web3 is not ready for prime time when it comes to major brands and creatives with valuable content who want to take part in the NFT revolution. The problem […]