Bitcoin Ordinals have taken over Web3 — at least, that’s how it seems. The space has been buzzing since software engineer Casey Rodarmor launched the protocol on January 21, with some excited about the new upgrade and others swearing Ordinals off entirely. Despite all the notoriety, fewer than 40,000 Ordinals exist at the time of…
There’s a poignant irony to the fact that Ryan Carson’s Twitter background is Norman Rockwell’s iconic 1961 painting, “The Golden Rule.” The image, which prominently displays the words, “Do Unto Others As You Would Have Them Do Unto You,” perfectly captures the spirit of discussion that Carson’s recent actions have caused the Web3 community to…
In 2023, new rules and regulations are entering the NFT space at an unprecedented pace. The collapse of FTX kicked Web3 regulation into overdrive, and prominent NFT projects are being investigated for fraud. Yet, perhaps the best evidence of this turning of the tide is the recent resolution of Hermès v. Rothschild trademark lawsuit. Last…
The start of 2023 has been rocky for Logan Paul and his NFT escapades. It seemingly all started with a multi-part video expose created by a YouTuber known as Coffeezilla (whose real name is Stephen Findeisen). In the series, Findeisen chronicles the rise and ultimate demise of Paul’s once-popular NFT project CryptoZoo, offering evidence that…
The Alpha: It’s a big day for legal precedent in Web3, as the lawsuit between luxury brand Hermès International SA, and Mason Rothschild, the artist behind the controversial MetaBirkin NFT project, has been settled. After six days of proceedings in a Manhattan courtroom, the ruling came back that Rothschild’s sale of handbag-inspired NFTs violated Hermès’ rights…
Ethereum is one of the world’s most popular blockchains, and it’s a great place to start if you’re interested in non-fungible tokens. Currently ranked second in market cap among all the world’s cryptocurrencies, Ethereum has only grown more popular since its launch in 2013. And despite the recent increase in blockchains supporting NFTs, most NFT trade…
The Alpha: Reddit’s Collectible Avatars (which are definitely not NFTs) are back. After teasing their release last week, the social media platform dropped the Super Bowl LVII x Reddit Collectible Avatar collection yesterday in collaboration with the NFL. The NFTs are free and, like Reddit’s previous drops, provide owners with unique benefits on the platform….
Without a doubt, Jack Butcher’s Checks VV is taking over Web3. What began as an artistic experiment and social commentary on the concepts underpinning Web2 and Web3 has grown well beyond the walls of its own making. At this point, Checks’ identity has shown up in derivative projects that span everything from early 2000s memes…
The new Ordinals protocol just made everyone’s answer to the question “What is Bitcoin?” a lot more complicated. Software engineer Casey Rodarmor launched the protocol on the Bitcoin mainnet on January 21. It allows digital artifacts like images, text, programs, and even video games to be inscribed directly on the Bitcoin blockchain. In other words,…
