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NFT art will never be mass-market — NFT licenses may be
NFT digital art sales generate headline after headline, though this is not the real mass-market use of this novel technology.
By now, everyone knows that NFTs essentially bring uniqueness and scarcity, a feature associated with traditional high art, into all shapes and forms of digital art, which is otherwise infinitely reproducible with the good old copy-paste. A link to a specific picture, audio clip, or video is sent to the blockchain as part of a transaction, and there we are — even though the file can still be copy-pasted, only one wallet owns its token. That’s where it becomes a posh thing: Donning an NFT image as a Twitter avatar is like wearing a Rolex watch with your name engraved on it. It’s a status symbol to be appreciated by those in the know.
That said, high art and luxury are by definition antonymous to the mass market, as high price and uniqueness are their key selling points. Someone who’s bleeding money can buy a link for millions, but that’s because they might as well burn their money for fun, and they want to show off their wealth to the world. Good luck charging a Regular Joe $150,000 for a link to a picture, though. The focus on NFTs as art by definition limits a promising technology to a relatively small, albeit inarguably posh and eccentric, niche.
The good thing here is that the big NFT digital art sales are making headlines, which is helping to bring NFTs into the mainstream. However, this will not be the main use of NFTs further down the road, but rather a new and expensive plaything for the wealthy and some especially fervent crypto-personalities and communities. Read More
Hackers Are Now Using Compromised Cloud Accounts To Mine Crypto
Attackers are exploiting poorly configured cloud accounts to mine crypto, Google warned users in a recent report.
Cryptocurrency mining is a computationally intensive activity. And Google Cloud customers can access it at a cost. However, miners are now hacking Google Cloud accounts for mining purposes.
In the report titled “Threat Horizons,” Google’s cybersecurity team assessed various threats to Cloud users, providing details of the breaches.
The report also provided cybersecurity threat intelligence to cloud users. The aim is to enable them “better configure their environments and defenses in manners most specific to their needs.” Read More
Football Partnerships Gain Momentum As Prominent FCs Jump On The Cryptocurrency Bandwagon
The parabolic performance of Bitcoin (BTC), Ethereum (ETH), and several other altcoins have attracted significant attention from almost every sector in the real world. From music to art, memes, and podcasts - everyone is jumping into the crypto bandwagon.
As the mainstream media outlets like Yahoo Finance and Forbes continue to hype cryptocurrencies, featuring full-page blogs, news, and opinion pieces, it has provided the burgeoning crypto market to enter its foot into the realm of traditional advertising. Take, for instance, the rising number of partnerships between crypto firms and prominent football clubs.
Legacy football clubs like Paris-Saint Germain (PSG), Inter Milan, and others have already publicly announced their partnerships with leading crypto firms. At the same time, other clubs have launched their own “fan tokens,” like the Atletico Madrid Fan Token (ATM), Manchester City Fan Token (CITY), AC Milan Fan Token (ACM), and more, bringing the “Football Fan Token” market capitalization to $267 million and counting. Read More
Pop culture, fashion, and NFTs come together in the first interactive avatar builder on the blockchain
The lines between pop culture and digital assets are merging, with new opportunities for the world to express its creativity.
For many, the concept of digitization has now become a part of pop culture, with some of the world’s most well-known memes like “Grumpy Cat,” artist creations, or memorabilia from today’s celebrities taking on a new form as a nonfungible token (NFT). While many are on board with this new way of appreciating modern culture, others are confused by the hype. This is a reaction to be expected, as the same weight still holds true when considering priceless art like the Mona Lisa. While many would not pay the billion dollars or more the asset is worth and may be confused why someone else would, they know about the painting and may even travel from far away to see it for themselves.
Like other priceless artifacts, NFTs are valuable when held in one’s possession since they belong exclusively to the owner. The value of the asset itself being derived from the verification of their ownership in the blockchain. As our world becomes more digital, the world has seen the ability for this concept to continue blurring the lines between technology as a back end, creativity, fashion, and design. The result is that now people from anywhere and everywhere can band together for a new collective purpose, as new doors for community bonding shine through. Read More
Wallet in final draft mode
Staking the Markethive Way
Staying One Step Ahead
Markethive started out as a sophisticated inbound marketing platform with a social media interface harvesting a robust collaborative culture. The entrepreneurs of the Markethive community have been using the free system and tools, promoting their businesses, and branding themselves across the internet with much success.
With the advent of Blockchain technologies, Markethive set its path on an unprecedented journey of combining marketing, social media, digital broadcasting, e-commerce, gamification, etc., with cryptocurrency and decentralized Blockchain, distributed ledger technology. An ongoing project of massive proportion to deliver sovereignty, financial and self, and freedom of self-expression for all equitably, without bias.
Markethive is a Vision from the Divine Source. Its mission is to fill the vacuum for the world's entrepreneurs - To empower and enrich the lives of every individual on every level across the globe. And the timing couldn’t be more perfect as we witness the soul-less destruction, tyranny, and surveillance of humanity gift wrapped and delivered to us as protection and for our own good.
We are building an ecosystem, and there’s an absolute need and use for our coin (HVC) for everything we do; therefore, the potential for the open market to accept and embrace HiveCoin is very promising. Read More
What is Blockchain ETF? How is it different from Bitcoin ETF?
Blockchain ETFs are an investment vehicle to invest in stocks with exposure to blockchain technology. While the number of blockchain ETFs continues to grow, Bitcoin ETFs are relatively new.
Even as Bitcoin, the oldest cryptocurrency, started trading in 2008, Bitcoin exchange-traded funds (ETFs) are relatively a new concept for investors. Worth mentioning here is that blockchain ETFs have already made their debut in mainstream markets. Earlier this month, Invesco Mutual Fund had announced that market regulator Sebi had given nod to Invesco CoinShare Global Blockchain ETF FoF. It is a feeder fund by Invesco MF and will invest into Invesco CoinShares Global Blockchain UCITS Exchange-traded Fund (ETF). NFO of the fund was supposed to be launched on November 24 but the company delayed it, given the uncertainty around the regulations of cryptocurrencies in India.
Given this background, the terms Bitcoin and blockchain are sometimes used interchangeably in the mainstream media. As a result, people often get confused between blockchain ETFs and Bitcoin ETFs, although they are different financial instruments. Let us understand how these two instruments are different. Read More
Pangolin’s Collaboration With Olympus DAO Creates AVAX Bonding Program
Leading Avalanche-Ethereum decentralized exchange, Pangolin has collaborated with Olympus DAO. The collaboration, among other things, is to create a bonding program and create further inroads in marketing efforts.
The collaboration has brought the World's first bonding program on Avalanche (AVAX). Under the bonding program, users would trade for Pangolin governance tokens (PNG) Liquidity Provider (LP) tokens. The trade would occur at a concession to regular rates. Pangolin won't sell them. But would lock them in Olympus' Bond Treasury. Read More
Solana Surpasses Cardano And Ethereum As The Most Staked Cryptocurrency
Solana has experienced a stellar 2021, with a massive surge in popularity for the smart contract platform, rallying to new all-time highs after its blockchain saw significant growth in adoption, thanks to it garnering significant mainstream interest.
While many blockchains in the past have been dubbed as “Ethereum killers,” Solana is the blockchain living up to the name, competing strongly with blockchains such as Cardano and, of course, Ethereum.
Solana has seen its market share increase significantly each week, as DeFi on Solana got off to a blistering start, with investors increasingly looking for cheaper alternatives to Ethereum zeroing in on Solana. Although Solana’s market share in the DeFi space is relatively small compared to Ethereum, it has become a significant player when it comes to staking. Read More
Blockchain.com acquires SeSocio to cement presence in Latin America
One hundred SeSocio’s employees will join Blockchain.com, immediately bringing its global headcount to 400 people.
Major cryptocurrency wallet and data service Blockchain.com is expanding in Latin America by acquiring SeSocio, a major crypto company based in Argentina.
One of the biggest investment platforms in Latin America, SeSocio will now merge with Blockchain.com to help them scale operations across the region, the firm announced officially on Nov. 30.
As part of the acquisition, 100 SeSocio employees will join Blockchain.com, immediately bringing its global headcount to 400 people.
Together, the firms will focus on providing crypto-enabled financial services to the unbanked and underbanked not only in Argentina but also other countries where Blockchain.com operates, including Brazil, Chile, Colombia, and Mexico. The United Kingdom-based company is also now planning to launch a physical presence in the countries by opening offices and hiring local talent. Read More
Disclaimer: These articles are provided for informational purposes only. They are not offered or intended to be used as legal, tax, investment, financial, or any other advice.
