Revolutionizing Music Festivals and the Industry as a Whole
Music creators and artists are experiencing a newfound sense of empowerment, thanks to NFTs.
Text-Based NFTs: What it Means and How it Works
Text-based NFTs are lesser-known but equally influential digital assets that can tokenize written content, creating unique and valuable opportunities for creators and consumers.
Playcraft Raises $2 Million in First Funding Round, Set to Launch Alpha Test Version
PlayCraft has raised $2 million in its First Financing Round and plans to start the Second Funding Round in May for continuous game R&D, project operation, and marketing promotion.
Crypto Morning Briefing: CryptoCom, Kucoin and Huobi List PEPE After Binance
Alibaba Says ‘Open Sesame’ to Web3; NFT Lending Platform Blend Sparks Concerns Over Ecosystem Liquidity; Terra Founder Do Kwon’s Extradition to South Korea Likely; Meme Coin Frenzy Continues as Binance Lists $FLOKI and $PEPE
The Future of NFT Marketing: Trends and Predictions for 2023 and Beyond
Non-Fungible Tokens (NFTs) have been making headlines in recent years, especially in the art and entertainment industry.
The Ultimate Guide to NFT Marketplace Development: How to Build Your Own Digital Marketplace
In recent years, Non-Fungible Tokens (NFTs) have become the talk of the town in the digital world. NFTs have taken the art world by storm, with several high-profile sales, including the $69 million sale of Beeple’s digital artwork
NFT Lending Platform Blend Sparks Concerns Over Ecosystem Liquidity
The emergence of NFTs, or non-fungible tokens, has taken the world by storm, with some pieces selling for millions of dollars. However, a new NFT lending platform called Blend has raised concerns about liquidity in the NFT ecosystem.
Creating ERC721 NFT Smart Contracts on Flow Blockchain with Cadence Programming Language: A Comprehensive Guide with Code Examples
The ERC721 standard, developed by Ethereum, is one of the most popular NFT standards in use today.
Bright Moments Transports Live NFT Art Minting Experience to Tokyo
Bright Moments, the DAO-driven roving NFT art festival, has arrived in Tokyo, offering attendees a live experience of minting generative Ethereum NFT artwork. The festival spans multiple locations, three different digital art collections, and dozens of notable artists. The centerpiece is a custom arcade game cabinet that allows up to 1,000 attendees to mint a CryptoTokyoite, one of 10,000 total pixel avatars serving as membership passes to the Bright Moments DAO. The venue also offers a Suntory bar, an AI booth, and a vending machine paired with a contraption that shoots out fog rings. The event hosts a Japanese Contemporary collection and the AI Art Collection, featuring new works from 11 artists producing AI-assisted artwork. Bright Moments has previously been held in New York, London, and Mexico City, and the festival will travel to Buenos Aires in October before returning to Venice Beach next year.
As NFT Sales Dwindle, Art Blocks Resists Pinning Hopes on a Renewed Crypto Bull Run
Art Blocks, a marketplace for computer-generated artworks, is sticking to its guns on issues like creator royalties and resisting the temptation to launch an Art Blocks token, even as sales volumes decrease. The platform, which auctions off generative art in the form of NFT collections created by algorithms, was a darling of the 2021 crypto boom, but recorded just $6.5 million in sales in April, the lowest total since May 2021, with around half the projects listed on the platform today not selling out. Founder and CEO Erick Calderon, who is himself a generative artist, believes that artists create higher quality work and are more engaged with their audiences when royalties are upheld. Art Blocks is in a strong financial position, having raised $6 million in August 2021 and booked at least $58 million in revenue in the same month. The company takes a 10% fee on primary sales and 2.5% of any secondary transactions. Calderon sees a runway of one to two years as "too low" and is hoping to position the platform as an "engine partner" for other industries.
