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The significant drop in the price of Bitcoin from $47,000 to $16,000 in 2022, along with a related fall in the average price of NFT art from $3,200 in 2021 to $1,200 in late 2022, led many commentators to declare a “crypto winter.” But, the authors of The Story of NFTs: Artists, Technology, and Democracy,…
Take a Walk Through the World’s First Web3 Metropolis
Miami Art Week has reached critical mass, and so has The Gateway: A Web3 Metropolis. Organized by nft now and Mana Common, the five-day festival spans two city blocks and 12 buildings. It’s also hosting some of the biggest names in Web3. At the event, Ethereum Co-Founder Joseph Lubin spoke about the future of blockchain and…
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OpenSea’s New Royalty Tool Could Signal a Big Change for Artists
The Alpha: On November 6, OpenSea announced in a blog post and on Twitter that it would introduce a tool for new collections to enforce creator fees (artist royalties) on its platform. The tool is a snippet of code that represents OpenSea’s first attempt at on-chain enforcement of royalties in NFT transactions. Starting at 12:00…