Authorities in Hong Kong have established a dedicated task force aimed at promoting the development of Web3. The initiative, announced by the Government of the Hong Kong Special Administrative Region, signals the city’s determination to position itself as a leading player in the Web3 space. Led by Hong Kong’s financial secretary, Paul Chan, along with…
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…
After two years of work in progress, the Ether project is finally coming to fruition, captivating Web3 with its long-awaited debut. Ether has officially begun its first phase of minting. However, the June 30 mint is available to allowlist holders only. While the PFPs have not been unveiled yet, enthusiasts eagerly await the public sale,…
On June 17, CryptoPunk #8611 was permanently removed from the Ethereum blockchain. The NFT, which had recently sold for 54.49 ETH (just over $94,000 at the time), was soon after transferred to an Ethereum burn address, meaning it can never be recovered. From there, the asset was inscribed on the Bitcoin blockchain as an Ordinal,…
Welcome back to Now Runway, where we report to you from the frontlines of the digital fashion and luxury revolution. Today we are reporting to you from the gorgeous coastline of Positano, where summer prints are in abundance, and there is hardly a screen in sight as service is spotty in the hills of this…
Following criticism that the art of the Elementals was too similar to the original Azuki collection, Azuki has responded by announcing a plan to host a community vote to introduce variety in the backgrounds of the NFTs. This announcement was made on the project’s Discord stage on June 29 at 6 p.m. ET, drawing a…
The Blockchain Association, a prominent crypto advocacy group, has published a paper expressing its concerns over the role of Securities and Exchange Commission (SEC) Chair Gary Gensler and the legitimacy of his statements and enforcement actions on the crypto industry. The group argues that Gensler’s involvement in digital asset matters should be reconsidered, citing a…
When it comes to the many classical established locales of the traditional art industry, Paris, France, has long been the undisputed epicenter. Home to a variety of the most influential creators to ever have lived, the “City of Light” is the place to go when you’re seeking the center stage of the art world. So…
For one night earlier this month, the bear market felt a world away. On June 15, digital art enthusiasts packed the Sotheby’s New York showroom for its highly-anticipated Grails Part II live auction, featuring a notable trove of generative art NFTs headlined by Dmitri Cherniak’s Ringers #879 — affectionately nicknamed “The Goose.“ The collection being put…
