In a sudden announcement today, Andy Chorlian, Co-Founder and CEO at the Fractional Token Company, revealed that Web3 platforms Tessera and Escher would begin slowly winding down operations in the near future. Launched in 2021 under the name Fractional Art, Tessera made a name for itself as a Web3 service that specializes in the fractionalized…
Welcome back to Now Runway, where we report to you from the frontlines of the digital fashion revolution. We may be the reason Gmoney is being referred to as the “Kim Kardashian of Web3” after a champagne-induced conversation in Paris where this column was born — and we aren’t mad about it. Here’s what you may…
If you’re familiar with the commonly used phrase “wait until Asia wakes up,” typically associated with global financial markets and specifically the stock market, it also holds true in the realm of NFTs. While often used in a lighthearted manner, this phrase highlights the substantial influence Asian markets can wield over the global financial landscape,…
The Alpha: Coinbase is facing backlash for labeling Pepe the Frog, the mascot of the $PEPE memecoin, as a hate symbol associated with the alt-right.A newsletter sent out via email to Coinbase customers sparked outrage within the $PEPE community, leading to calls for Web3 to boycott the exchange and “#DeleteCoinbase” to start trending on Twitter.Some…
The Alpha: Yuga Labs’ new CEO, Daniel Alegre, bought a BAYC NFT for 50 ETH (approximately $90,000).The purchase was slightly above the floor price at the time, and the move helps demonstrate Alegre’s belief in the project and his understanding of the importance of community. Dive deeper: Daniel Alegre, CEO of Yuga Labs, just made…
Few individuals in Web3 have contributed as much to the space as 0xfoobar has. The machine-learning specialist turned software developer, auditor, and founder is a prolific voice in the NFT scene, highlighting security flaws in project contracts and advising the community on the space’s most popular trends. He’s also one of its more steady-handed pragmatists,…
In a move to bring Mattel’s iconic fashion doll brand into the metaverse, Barbie has joined forces with Boss Beauties to debut their Boss Beauties x Barbie digital collectibles. The collection, which celebrates the 250 careers in the Barbie line, aims to inspire women and girls to believe they can achieve anything. Combining the signature…
Everyone has an NFT or two that they regret holding. This is simply the nature of the NFT ecosystem. Sometimes floor prices plummet, and collectors are left with few options. Or perhaps a creator is found to be a swindler, leaving those who bought their IP in limbo. Or worse yet, maybe an unsolicited NFT…
The cyclical nature of the blockchain has been on full display as of late. While, in the past, market change may have been triggered by generative avatars, major innovations, or even catastrophic events, the recent resurgence of memecoins has inspired a major shift in the day-to-day operations for those in the NFT space. In early…
