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‘The industry will need to have dynamic NFTs,’ says Vivid Labs CEO Halsey Minor
Is 2022 the year of NFTs that can evolve and change over time or should NFT data be immutable?
Cointelegraph spoke about the nonfungible token, or NFT, market with Halsey Minor, CEO of the NFT publishing platform provider Vivid Labs.
Vivid Labs offers the VIVID NFT platform that allows creators to build NFT marketplaces on its native blockchain. According to the company, they specialize in marketplaces that create NFTs with multimedia capabilities to bundle videos, images, audio, and files into a single asset, called NFT+.
Halsey argues that NFTs, however multimedia-rich they may be, “can be more valuable if connected to real-world products.” He is making a distinction between NFT creators that “sell media” like a song or artwork that “tends to be static” with immutable data, and creators who make dynamic assets with data that can be continuously updated tied to real-world experiences or physical items. Read More
Polkadot Electricity Consumption Is Less Than Solana, Bitcoin, And Ethereum
Based on the results from CCRI research, Polkadot, the strong competitor of Ethereum, emerged as the network with the least electricity consumption compared with Ethereum, Solana, Bitcoin, and other top cryptocurrencies.
This indicates that Polkadot minimally impacts environmental and climatic changes and pollution more than the other networks. According to the CCRI rating, Polkadot’s energy consumption is 6.6 times the annual value of electricity used by an average U.S. family.
A blockchain’s electricity consumption stands as a high determinant factor of its capital inflow from institutional investors. This formed Tesla’s 2021 move against Bitcoin as the electric car company suspended BTC as one of its payment options. The car giant cited BTC mining’s environmental impact as totally unacceptable.
Among all the networks involved in the research, Bitcoin shows the highest energy consumption. Next in the line are Ethereum, Solana, Cardano, Algorand, Avalanche, and Tezos. Read More
Universal Music Group Partners With Curio — Entertainment Giant Plans to Use NFT Platform for Labels, Recording Artists
The multinational music corporation Universal Music Group (UMG) announced the company has partnered with the non-fungible token (NFT) platform Curio on Thursday. UMG says Curio will be a “dedicated global outlet for future officially licensed NFT projects” for the company’s labels and recording artists worldwide.
Following the UMG’s non-fungible token (NFT) metaverse music group project featuring four Bored Ape Yacht Club (BAYC) NFTs, the music-based entertainment company has revealed a new partnership with the NFT company Curio NFT. The NFT marketplace platform Curio launched in 2020 and has issued more than 75,000 NFTs to date.
According to UMG’s announcement, Curio will be used to bolster “future NFT projects from its unrivaled roster of global artists and labels, providing greater scalability and flexibility to issue authentic fan-orientated collectibles, carefully curated for each project.” Read More
Umbria Launches AVAX Cross-Chain Bridge Solution, Claims Tech Is 90% Cheaper Than Alternative
On Tuesday, the team behind the Umbria network announced the launch of the new Narni cross-chain Avalanche bridge. Umbria says the bridge is 90% cheaper than the official Avalanche bridging solution allowing users to move ether between the Ethereum blockchain and the Avalanche network.
Narni Cross-Chain Bridge Adds Avalanche Solution
During the last two weeks the price of avalanche (AVAX) has increased 33.4% and this week, AVAX made its way into the top ten crypto positions in terms of market capitalization. As far as the total value locked (TVL) in decentralized finance (defi) is concerned, the Avalanche network has 169 defi protocols with $10.97 billion in value. In addition to the increase in AVAX value, this week Umbria network revealed the new Narni cross-chain Avalanche bridge. Read More
Innovations that will change the way we work and interact online.
The Markethive Social Market Broadcasting Network becomes more prominent daily as the blockchain-driven ecosystem for entrepreneurs with a non-adversarial, bi-partisan free speech ethic and the collaborative culture we rarely see on social media platforms today. Even the newer acclaimed, free speech platforms are partisan to the left or right and deal with de-platforming and boycotts from payment providers.
Unlike the social media giants, which only have one primary news feed algorithmically set by the central authorities, Markethive is integrating four news feeds to accommodate the multi-functional platform within the Markethive ecosystem.
The individual feeds are General, Video, Blogging, and Content Curation, and they are all accessible from the main page and can be algorithmically set by the individual user. The scope that Markethive has is enormous as it integrates all the vertical systems of the other platforms under one roof.
Social + Video + Blogging + Marketing + Curation + Broadcasting + Affiliate + Gamification + Cottage Businesses = Markethive: A Powerful Blockchain-driven Ecosystem
There is nothing out there like Markethive. We are an Inbound Marketing (automated marketing platform) like Marketo, Paragon, and even the wannabee MLM Onpassive platform. We are like Youtube, Instagram, LinkedIn, Twitter, etc., but will be superior to these legacy Web 2 media when we release all the aspects and layout of Markethive 2.0.
We have a dynamic social media interface and growing community with a strong collaborative ethos, with SaaS and broadcasting capabilities already operational. We are not waiting for the launch to access the services; they are already there for you to use to help you facilitate your business and increase your reach and following. Read More
Decentralization revolutionizes the creator’s economy, but what will it bring?
From NFTs to the metaverse, decentralization is making its way across the creator economy. With the rise of Web3, what lies ahead for creators in 2022?
From video game enthusiasts monetizing their passions as shout casters to fashion influencers supercharging their careers into live streamers on e-commerce platforms, the creator economy flourished, evolved, and matured in the past year. Largely catalyzed by the ongoing COVID-19 pandemic, contemporary creators benefited from the gradual shift in consumer behaviors as more people came online across the globe. Now valued at over $100 billion, the creator economy is witnessing staggering growth as the worlds of e-commerce, social media, and online communities converge.
With opportunities mounting in social tokens and corresponding virtual playgrounds such as the Metaverse, the year ahead seems to be filled with a great deal of promise. What lies ahead for creators in an increasingly digital and decentralized 2022?
From OnlyFans to TikTok, social networks may give creators access to communities but these creators are what drive traffic to these platforms due to the strength of their content. Whether they are an artist, musician, writer, photographer, or all-around influencer, they are the true revenue drivers on these platforms. However, the relationship between a creator and their community is ultimately intermediated by a third party — the platform — which can impact the extent to which a creator is fully rewarded and compensated for their work. Sometimes this manifests itself as a cut in revenue and can even impact the type of content created and what it can include. Read More
Wyoming Lawmakers Want State to Launch Its Own Stablecoin
Will a state launch its own stablecoin by the end of the year? It could happen if legislation proposed in Wyoming this week ultimately passes. On Thursday, lawmakers proposed the Wyoming Stable Token Act (SF0106), which paves the way for the crypto-friendly state to launch its own dollar-pegged token.
The proposed bill is sponsored by state senators Chris Rothfuss and Tara Nethercott, along with state representatives Mike Yin and Jared Olsen. The act would allow Wyoming treasurer Curtis Meier Jr. to create a state stablecoin pegged to the U.S. dollar. The token would be redeemable for a single dollar held in trust by the state.
If passed, the state treasurer would have until December 31 to launch the stablecoin, or otherwise provide a report by November 1 to the select committee on capital financing and investments detailing why it is not currently feasible.
Stablecoins are crypto tokens that are typically pegged to fiat currency—often the U.S. dollar. Unlike traditional cryptocurrencies like Bitcoin and Ethereum, which can be extremely volatile and swing wildly in price, stablecoins maintain the same approximate value regardless of market activity. Read More
Web3 might be crypto’s key to the mainstream market
Decentralization vs. centralization: Web3 may be right around the corner, but the race for central crypto regulation is also speeding up.
2021 has been a significant year for crypto with no fungible token (NFT) being awarded word of the year, decentralized finance (DeFi) trending in the mainstream media and crypto companies making headlines for a variety of announcements. This is, no doubt, in part due to the effects that COVID-19 has had on the economy, with many looking for new ways to diversify their finances and a move to working from home giving people the free time to research new interests. And, many chose to get involved in crypto.
As conversations began to move on from Bitcoin (BTC) to other larger crypto projects like Ethereum network upgrades and central bank digital currencies, or CBDCs, news coverage would suggest that the mainstream adoption of crypto is already well underway. However, there is one project which could have the ability to catapult crypto well and truly into everyone’s day-to-day lives: Web3. Read More
What is the Near Protocol, and how does it work?
Near Protocol is a DApp platform and Ethereum competitor that places a premium on the developer and user convenience.
Near Protocol is a decentralized application (DApp) platform that focuses on usability among developers and users. As a competitor of Ethereum, NearProtocol is also smart-contract capable and a proof-of-stake (PoS) blockchain.
Near uses sharding technology to achieve scalability, a core aspect discussed later. The native token, NEAR, is used for transaction fees and storage on the Near crypto platform. Tokens can also be used for staking by NEAR token holders who wish to become transaction validators and help achieve network consensus.
Near was built by the NeaCollective and conceptualized as a community-run cloud computing platform designed to host decentralized applications. It was also built to be both developer and user-friendly, hence having features such as account names that are human-readable (instead of cryptographic wallet addresses). 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.
