nft

Decentralization as a Design Principle: Blockchain's Role in Digital Art Preservation

Decentralization as a Design Principle: Blockchain's Role in Digital Art Preservation

The digital realm, despite its ubiquity, faces a significant challenge: preserving its cultural artifacts for future generations. The temporary quality of digital information requires creative methods, and blockchain technology is quickly proving itself as an exciting answer. Preservation is one of three distinct but interrelated categories of blockchain application in...

NFT Royalties Are Dying? OpenSea's $3.2B Bet Misses This Key Trend

NFT Royalties Are Dying? OpenSea's $3.2B Bet Misses This Key Trend

Even OpenSea’s CEO, Devin Finzer, is betting big on the NFT “comeback.” In fact, $3.2 billion big—the peak weekly trading volume. In doing so, he makes it sound all rosy and optimistic regarding digital ownership. I think a storm is brewing, powered by the slow and painful demise of NFT...

NFT Royalties Are Dying: Can Blockchain Save Artists From Exploitation?

NFT Royalties Are Dying: Can Blockchain Save Artists From Exploitation?

Join Priya, a young and creative artist from Mumbai. She threw her whole heart and being into producing a gorgeous digital piece, thrilled that NFTs might help make her financially independent. She’d originally licensed her piece, banking on a monthly trickle of royalties to help care for her and her...

OpenSea CEO's NFT Comeback Claim: A $3.2B Mirage or Real Opportunity?

OpenSea CEO's NFT Comeback Claim: A $3.2B Mirage or Real Opportunity?

The NFT market has been pronounced dead more times than I can even count. Now, comeback against all odds, OpenSea’s own CEO Devin Finzer has been singing a different tune. He sees NFTs as "essential infrastructure." A 97% plunge from a $3.2 billion height of popularity all the way down...

NFT Real Estate Royalties: The $1 Trillion Question No One Is Asking

NFT Real Estate Royalties: The $1 Trillion Question No One Is Asking

Picture this: you purchase a piece of digital real estate, a tokenized condo in Decentraland, perhaps even a fractional ownership share of a virtual mansion. Now picture that every time that property changes hands, a percentage of the sale price goes back to… somebody. That someone can be the original...

NFT Communities Thrive Amidst Market Fluctuations, OpenSea CEO Highlights Potential

NFT Communities Thrive Amidst Market Fluctuations, OpenSea CEO Highlights Potential

NFTs—digital assets based on blockchain technology that represent ownership of unique items— peaked in trade volume at more than $3.2 billion per week in August 2021. Since then they have nosedived to under $100 million per week. Even through this downturn, enclaves of creators and collectors continue to flourish. They’re...

NFTs Back From The Dead? OpenSea CEO Sees $3.2B Opportunity

NFTs Back From The Dead? OpenSea CEO Sees $3.2B Opportunity

OpenSea, the world’s largest NFT marketplace, rode every twist and turn of the digital asset rollercoaster with deft precision. It flourished in a robust economic climate, but it was severely tested in the challenging market that followed. Speculation is now rampant about a possible OpenSea-led NFT comeback, with OpenSea CEO...

FIFA's NFT Pivot: Web3 Savior or Just Another Corporate Cash Grab?

FIFA's NFT Pivot: Web3 Savior or Just Another Corporate Cash Grab?

FIFA’s now diving headfirst into Web3 — it’s launching its own blockchain. FIFA Blockchain. Sounds impressive, right? Especially after ditching Algorand. They promise improved scalability, improved cross-chain performance, and a more extensive digital ecosystem. The pitch? A more profound relationship with their supporters, especially the millennial, global and digital-first fans....

Crypto Art Market Set to Revolutionize Digital Ownership and Artistic Expression

Crypto Art Market Set to Revolutionize Digital Ownership and Artistic Expression

The crypto art market is poised to fundamentally transform not just how art is created and owned, but how we experience art. Cryptographic revolution Undergoing a digital metamorphosis, crypto art is changing the form and concept of artistic expression and ownership catalyzed by a groundbreaking use of blockchain technology. The...

NFT Royalties: The Secret Weapon for Artists (And Why They're Under Attack)

NFT Royalties: The Secret Weapon for Artists (And Why They're Under Attack)

Now, picture that same world in which every time someone plays your favorite song on their home speakers or during their workout, the artist is compensated. Not merely a transaction, but rather an equitable, continuous remuneration for all that effort that went into their creation providing happiness to everyone else....

Further Reading