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Why Game Industry Veterans Are Entering Web3 In Droves
In 2018, millions of people were unwittingly onboarded to Web3. This mass onboarding happened thanks to Axie Infinity, a pay-to-earn (P2E) video game that lets users earn real cash. Although an array of (very vocal) detractors continue to staunchly oppose blockchain gaming, the space has grown considerably in recent years. In fact, from 2021 to…
Here’s Why the Path to Decentralized Marketplaces Won’t Be Linear
On March 3, 2022, NFT marketplace giant OpenSea initiated a large-scale ban and removal of accounts associated with an Iranian IP address in an attempt to comply with U.S. sanctions law. OpenSea had no choice but to obey the federal requirement, though many critiqued the platform for having communicated and executed the move poorly. Several…
The Biggest Lawsuits Dominating the NFT Space Today
To say the past few months have been utter chaos in Web3 would be a massive understatement. It’s almost as if the crypto and NFT bear market hasn’t been enough of an existential threat. With thefts, rug pulls, and even insider trading dominating the worst of 2022’s Web3 headlines, it’s no wonder that one word…
New York Computer Security Engineer Indicted in $9 Million DeFi Fraud
The U.S. Attorney’s Office for the Southern District of New York has indicted Shakeeb Ahmed, a computer security engineer based in New York, for defrauding a decentralized cryptocurrency exchange of $9 million. The DEX, operating on the Solana blockchain, remains unnamed in the indictment, but the details mirror the July 2022 Crema Finance hack. Stealing…
Miami Art Week Live Blog Day 4: The Gateway and Beyond
We’re here. After five days jam-packed with insider Web3 knowledge and the best of what the NFT art community offers, The Gateway: A Web3 Metropolis is entering its final day of planned programming. Together with Mana Common and MoonPay, nft now has labored to deliver an experience that worked to provide as much value to…
RFK Jr. Wants to (Cautiously) Save the U.S. Dollar By Using Bitcoin
In a recent policy announcement, Robert F. Kennedy Jr. (RFK Jr.), a U.S. presidential candidate, outlined a bold vision for the role of Bitcoin and other tangible assets in strengthening the U.S. dollar. The proposal, which includes exempting Bitcoin profits from capital gains tax, has garnered significant attention from the crypto community and financial analysts….