NFT archaeology is a new field of study where individuals seek to uncover the NFT projects that laid the foundations of modern culture. This work is essential, because all modern NFTs are built on the groundwork initially laid by these early relics. As an NFT archaeologist, I’ve spent a lot of time doing on-chain research…
On July 7, 2022, Reddit announced the launch of a new project: Collectible Avatars. These limited-edition PFPs, created by independent artists in partnership with the company (in addition to popular Reddit community creators), would confer unique platform benefits to their owners. Backed by the Polygon blockchain and available for purchase at a fixed price in…
Web3 is starting to manifest itself in the real world. The Solana Foundation, a non-profit based in Switzerland that promotes the decentralization, expansion, and security of the Solana network, recently opened The Solana Embassy in Wynwood, Miami, according to a recent tweet by the foundation. “We called this The Solana Embassy because it’s more than…
Solana is already one of the world’s most popular blockchains when it comes to non-fungible tokens (NFTs) and decentralized finance (DeFi). Its native token, SOL, is currently ranked ninth in market cap among all crypto — and interest in Solana NFTs has risen rapidly throughout 2022. Users want platforms with faster and cheaper transactions, and…
Let’s face it: The NFT space moves really fast. Considering how quickly things can change in the metaverse, a week in NFTs might as well be a month IRL. Don’t get us wrong — the more people onboarded into the space, the merrier. But because of the constant influx of great art and ideas, it’s…
Marketing models are changing. And the rise of Web3, compounded by the increasing popularity of non-fungible tokens (NFTs), has pushed the entire creative economy into a bottleneck of shifting norms, and it’s about time. The music industry generates roughly $43 billion in revenue; however, only 12 percent of that goes to artists. We needed new…
In the early 1990s, game industry exec Tony Harman was sitting on a long flight to Kyoto, Japan. After publishing a report questioning the then-widely accepted dogma that only Japanese studios could make good games, word spread from his U.S. office to its Japanese headquarters. While he didn’t know it then — Harman was headed…
Throughout the peak of the crypto and NFT market’s massive boom in 2021, the NFT market was valued at a staggering $41 billion — just nine billion dollars shy of what the physical art market generated in 2020. But as things stand, it may take time before the two fields of art can truly compete…
The debate surrounding creator royalties in the NFT space has yet to find a conclusion. Considering the fast-paced nature of the market, it comes as no surprise that key players in Web3 are changing their position on royalties and other hot topics, and breaking news that creates normalizing waves throughout the ecosystem. One such key…
