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While Chris Dixon and a16z may have skewed the sales numbers of his recent book, Read Write Own , what hasn’t been given as much time in the spotlight is the book’s NFT offering. Paired with the newly minted web3-worshipping tome is a bookmark that contains a code allowing readers to redeem an NFT on OpenSea (one of the largest NFT marketplaces). The problem is no one seems to care. Of the 5,000 NFTs that are up for redemption only 5% — or 264 — have been redeemed by readers. It’s difficult to match this with the fact that Read Write Own landed at number nine on the New York Times Best Seller list. To achieve such a prestigious status there’s no doubt that Dixon and a16z moved thousands and thousands of copies, physically, through ebook readers, and via audiobook applications. So, why isn’t anyone interested in the NFT ? It’s hard to say since exact numbers on who purchased the Book s are unattainable, but there are at least two likely reasons. Firstly, bulk sales were ...

The company said Symbiogenesis NFTs will be auctioned off in three separate phases. Final Fantasy game developer Square Enix announced auction dates for its upcoming Symbiogenesis non-fungible tokens (NFTs). In a Nov. 24 social media post, the team said it would sell the NFTs in three batches. The first batch will be auction ed from Nov. 27-28, the second from Nov. 30-Dec. 4 and the third from Dec. 2 to Dec. 3. Symbiogenesis is Square Enix’s upcoming blockchain game that Features Ethereum-based NFTs. Starting next week, it's finally time for the start of the auction ! Phase 1: 11/27 12:00 - 11/28 11:59 (JST) Phase 2: 11/30 12:00 - 12/1 11:59 (JST) Phase 3: 12/2 12:00 - 12/3 11:59 (JST) More details herehttps://t.co/MFprrApwio#SYMBIOGENESIS — SYMBIOGENESIS -NFT Art＆Game Project- | SQUARE ENIX (@symbiogenesisPR) November 24, 2023 According to the game’s documents, the first phase will include facet and mesh characters and will only allow “stakeholders” to participate. Thi...

The Simpsons poked fun at NFTs in their annual halloween special but degens still managed to take advantage of the publicity to hoist an NFT collection to near top of the charts. The Simpsons roasts NFTs in new Halloween episode Animated television series The Simpsons spent an entire segment mocking nonfungible tokens (NFTs) during the latest 34th annual Treehouse of Horror Halloween special, in a segment called “Wild Barts Can’t Be Token.” In the special, Homer accidentally mints Bart on the blockchain, and in the ensuing scenes, the creators poke fun at NFTs, all while referencing collections such as the Bored Ape Yacht Club, Doodles, as well as the viral digital artist Beeple. Get ready for a non-fungible night in tomorrow's #TreehouseOfHorror XXXIV on @FOXTV, next day on @hulu. pic.twitter.com/Y4cSiyp4kD — The Simpsons (@TheSimpsons) November 4, 2023 The special revolved around poking fun at the speculative nature of NFTs and how the market is largely fueled by FOMO (fe...

Online art store Avante Art is offering print copies of CryptoPunks for the next 48 hours through a partnership with CryptoPunks brand owner Yuga Labs. Holders of CryptoPunk non-fungible tokens (NFTs) are being offered the chance to obtain physical prints of their digital art items, according to an October 26 announcement. The items are being offered as part of a partnership between online art store Avante Art and CryptoPunks brand owner Yuga Labs. The sale will last for only 48 hours. It began on October 26 at 3:00 p.m. UTC and will end on October 28 at 3:00 p.m. UTC. Our print collaboration with @avant_arte is officially live – for 48 hours only. Punk On-Chain is available exclusively to CryptoPunk holders at https://t.co/skT1FKTJgB pic.twitter.com/X657IqdgUT — CryptoPunks (@cryptopunksnfts) October 26, 2023 Two different version s of the physical CryptoPunks collection are being offered on Avante Art. The first is called “Punk-On-Chain.” Each punk owner can commission a Pu...

Etihad Airways, the national airline of the United Arab Emirates, is set to launch an exclusive 300-edition expansion to its EY-ZERO1 non-fungible token (NFT) collection on Aug. 1. The new release promises a host of benefits for NFT holders, including Etihad Guest Silver Tier Status, priority check-in, lounge access, and the ability to earn miles by staking their assets. The Polygon-based EY-ZERO1 NFT collection, which first hit the market in July 2022, features 3D aircraft models. The latest edition is designed to resemble the sleek Boeing 787 Dreamliner featured in the “Mission: Impossible – Dead Reckoning Part One” movie. .@arcubeNFT Web3 airline loyalty #onPolygon https://t.co/M53QU6Qzb5 — Polygon (Labs) (@0xPolygonLabs) July 28, 2023 Previously, the original EY-ZERO1 collection offered exclusive perks such as Etihad Silver Tier status for one year and access to a special NFT holders’ event at the Yas Marina Circuit Formula 1 race. Now, the new NFT...

The global metaverse market is projected to grow massively, reaching $322 billion by 2030, according to a report by ResearchAndMarkets. Massive growth potential  According to ResearchAndMarkets’ latest report, the metaverse market was valued at around $42.05 billion during the 2021 bull market. However, the report notes that this figure is expected to grow to $322 billion in the next seven years. The growth will happen due to the current increase in demand for immersive experiences, the rapidly growing blockchain gaming industry, and the continuous increase in blockchain adoption, ResearchAndMarkets suggests. Segmenting the metaverse market The global metaverse market is categorized based on type (mobile and desktop metaverses), technology (blockchain, virtual reality (VR), augmented reality (AR), and mixed reality), application (gaming, online shopping, content creation, social media, etc.), and region in the report.  You might also like: UAE economy ministry sets u...

One community member described the salaries as "insanely out of touch," while another Twitter user accused those who established the rates of being "disconnected from reality." The leaders of the decentralized autonomous organization (DAO) governing the ApeCoin ecosystem have been criticized by community members for what they described as “insane” salaries after the sums were published in an organizational chart.  On June 10, the ApeCoin DAO secretary who goes by “Vulkan” published an organizational chart on Twitter, detailing the salaries of the DAO’s leadership. This showed salaries ranging from $7,000 per month to $75,000 per month, sums that shocked some community members and prompted a slew of inquiries from several. creating an org chart: $7k / month managing a forum: $24k / month supervising stuff: $27k / month being “special”: 104k / month watching our bags go down 90%+: priceless there’s some things $APE can’t buy. for everything else, there’s ApeCoin DAO....

The executive appears to have now recovered his account. Arthur Madrid, co-founder and CEO of metaverse project The Sandbox, was the victim of a Twitter account hack on May 26, according to a post from Madrid that was apparently made after he recovered the account. The attacker allegedly used Madrid’s account to promote a fake “airdrop” phishing scam. In Madrid’s post, he warned Sandbox users that they should “never click on any link that promote Airdrop or URL and look SCAMMY - and not 100% using our proper and unique URL/domain name : //sandbox.game.” My Twitter was hacked today. and now is back. Please never click on any link that promote Airdrop or URL and look SCAMMY - and not 100% using our proper and unique URL/domain name : https://t.co/X3rXN9z8z7 — Arthur Madrid (@arthurmadrid) May 26, 2023 Four hours before Madrid’s post, The Sandbox’s official Twitter account also warned that a scammer had taken control of the account and was promoting “a scam / phishing link for ...

The hype around the Non-fungible token [NFT] space began dying down last year. The 2022 bear market certainly added to this decline. However, along with the crypto market, NFTs managed to resurrect from the dead in 2023. While several believed that this notion would be carried on throughout the year, April proved to be an unfavorable month for NFTs. According to recent data, there were more sellers as opposed to buyers during the month. For instance, on April 26, there were only 7,907 purchasers while there were 8,641 individuals aiming to sell their NFTs. Source Sadly, with just 5,893 purchasers, the NFT market touched its second-lowest point on April 19. This was relatively higher than the lowest recorded day in the previous year, which was June 18, 2022, with 5,343 buyers. The highest number of buyers in the market was 18,495 on April 5. But, once again, sellers outshined them with 36,423 in number. Why is the NFT space crumbling? This notion was carried on from March. ...

Fastex, an up-and-coming crypto project, aims to reshape the Web3 space with one of the most developed ecosystems out there. As the Web3 space continues to grow and evolve, there are now several defined aspects that users tend to affiliate it with. Whether one likes to use crypto for payments or is interested in hunting down the latest NFT collectible, the crypto space is rapidly diversifying what it can offer users. Regardless of the sub-sector, Web3 continues to onboard new users. According to the latest DappRadar industry report, the number of unique active wallets that connected to a blockchain-based application on a daily basis rose significantly in 2022. While in 2021, the Blockchain industry saw an average daily wallet count of about 1.58 million, in 2022, this number skyrocketed to 2.37 million. Still, despite rising activity, one big challenge remains — the Web3 space is fragmented, and the various services the space has to offer require a multitude of tools and interactions ...

The Agenda podcast chats with Adam Levy of Mint and rapper Jay Kila about nonfungible tokens, Web3 and the struggles of being an independent musician. The music industry is notoriously centralized, with major record labels often controlling nearly every facet of an artist’s career — from which songs they are allowed to release to what percentage of the royalties they keep and more. While the rise of streaming platforms like SoundCloud and Spotify has helped democratize the industry and made it significantly easier to get one’s music in front of more ears, it’s still an uphill battle to build a dedicated fanbase and generate enough revenue to survive. Enter music NFTs. For those in the blockchain space, nonfungible tokens represent an opportunity for fans to directly support their favorite artists, for musicians to build stronger communities with their listeners, and for content creators to build more substantial and sustainable income streams. To better understand the topic, Cointeleg...

A new Web3 security report from Beosin revealed that of the 167 major security exploits DeFi projects saw the most, at 113 attacks. It’s no secret that in 2022 the world of Web3 and decentralized finance (DeFi) experienced a slew of major exploits and attacks. From the Ronin bridge attack to the Nomad hack, the top 10 exploits alone saw over $2 billion lost. In the Beosin Global Web3 Security Report 2022, it revealed that of 167 major security incidents over the last year those rooted in DeFi were the most vulnerable. DeFi projects were attacked 113 times, which accounted for approx. 67.6% of recorded attacks. This is followed by attacks on exchanges, nonfungible token (NFT) projects, cross-chain bridges and wallets in that order. According to the report, DeFi project s came in second in terms of monetary losses with a total of $950 million in losses. This follows the $1.89 billion lost in cross-chain bridge exploits in the last year. In total 2022 saw $3.6 billion lost from all atta...

NFTs hosted on FTX platform were affected by the firm’s collapse, showing blank images instead of the original art. The FTX collapse highlighted many flaws in the crypto industry. Now, the effects of the FTX debacle have broken into the nonfungible token (NFT) space with users unable to view their FTX-hosted NFTs.  In a tweet, Solana engineer jac0xb.sol pointed out how the metadata of FTX-hosted NFTs now points to a restructuring website that gives out information about bankruptcy proceedings. According to jac0xb.sol, the NFTs minted on FTX were hosted using a Web2 application programming interface (API), resulting in images not showing. Example of an NFT hosted by FTX. Source: Magiceden.io After the FTX exchange filed for bankruptcy, the FTX.us domain was entirely redirected to the bankruptcy proceeding page. Because of this, NFT owners are still able to see that their NFTs exist. However, images cannot be seen anymore, even when viewing them within wallets or listing them on NFT tr...

The metaverse platform announced that users who own LAND within Decentraland can officially rent out the rights to the space through the digital marketplace. The metaverse platform Decentranland announced a new platform feature which allows its users who own virtual LAND to essentially become landlords. Owners can now officially rent out their property to other users on the platform for predefined periods of time. This allows users to earn passive income off of their metaverse assets.  Decentraland classifies LAND owners as accounts or wallet addresses which own the smart contract for LAND, whether it be “a Parcel, an Estate, or both." All LAND rentals are performed in (MANA), the native token of Decentraland and paid upfront in total. The platform gave examples of digital universities renting out land to build campuses or DJs renting space for a club or party. Similar to most rental contracts of physical properties, Decentraland landlords can not sell the land, nor can they ...

Atari has teamed up with Pixels.com for physical NFT artworks and Investopedia has given a rundown on NFT tax law. NFT music on Winamp Old school classic PC-friendly media player Winamp has rolled out support for Ethereum and Polygon-based music nonfungible tokens (NFTs) in the latest update of its desktop player. Winamp has been around since 1997 and was one of the most popular media players for PC users but has since been overtaken by Windows Media Player and Apple’s dominant iTunes. It has a reputation for support ing a wide range of media files, and in the latest update announcement on Dec. 7 the Winamp team noted that NFT support is officially live and ready to go. @winamp I have fond memories of Winamp from back in my youth. Are we ever going to see a official integration with @Spotify? I'd love some sweet early 2000's visualizations with my beats — Sjoerd Stottelaar (@sjoerds) December 6, 2022 Users can now connect their Metamask wallets from a host of browser...

The revision seeks to remove nonfungible tokens from Malta's Virtual Financial Assets Framework. The Malta Financial Services Authority (MFSA) is currently reviewing requests to revise the “ regulatory treatment” of Non-Fungible Tokens (NFTs) within its Virtual Financial Assets Framework.  Under the current regulatory framework, NFTs are included within the scope of the Virtual Financial Assets Act, which also includes virtual tokens, virtual financial assets, electronic money, and all financial instruments built, or dependent on, Distributed Ledger Technology (DLT). However, the MFSA is proposing to have NFTs removed from the Virtual Financial Assets framework since they’re unique and nonfungible and therefore incapable of being used as payments for goods and services, or for investment purposes.  According to the MFSA, “the inclusion of such assets within the scope of the VFA framework may run counter to the spirit of the Act, which sought to regulate investment-type services...

Blockchain technology is making its way into the court system, with digital summons being served with NFTs. RBB Lab, a technology development firm based in the Republic of San Marino, has utilized nonfungible token (NFT) technology to issue a court summons to a former employee and a contractor. RBB Lab CEO Enrico Rubboli told Cointelegraph that it summoned the two individuals to the Judiciary of Italy on claims of attempted extortion and aggravated defamation of the firm. The summons was “an order restriction that we are asking them to stop this campaign against us,” said Rubboli. This is the first time that an NFT has been used to deliver a court summons in Italy. If this technology catches on, it could mean big changes in how Italy handles legal cases in the future. The RBB team says that serving a summons via the blockchain is more efficient than the traditional process, which can take weeks. Rubboli, said, “The goal is to streamline the process and make it more efficient,” adding...

Cointelegraph’s Historical digital collectibles collection is now available for everyone who wants to mint articles as NFTs. The wait is over! After concluding a private sale for waitlist participants, Cointelegraph’s Historical digital collectibles have officially launched. The nonfungible token minting feature is now open for anyone who wants to collect NFTs of articles published by the world’s largest crypto news platform. Starting Dec. 1, all articles published by Cointelegraph can be minted as NFTs on the Polygon blockchain. To collect an article, users must go to cointelegraph.com, select an article and click the “Collect as NFT” button found below the article’s artwork. After clicking the button, users are sent to a page where they can review the details and approve the transaction using their wallets. Once the article is minted, the user officially owns the digital collectible. Readers can trade their collectibles via the marketplace as they build their own Historical collect...