The gaming NFT market is exploding, expected to increase from $4 billion today to $10 billion by 2032. You read the headlines, the play-to-earn riches, the buzz around owning digital assets. A critical question remains largely unaddressed: what happens when the regulators arrive? Trust me, they are coming.Securities or Souvenirs?...
Senator Dave McCormick's recent Bitcoin ETF investment – up to a cool million – has raised more than just eyebrows. It's ignited a firestorm of questions about ethics, influence, and the potential for crypto to become just another playground for the powerful. Though his spokesperson claims it’s all on the...
We believe that the NFT world received a rude awakening in the form of what centralized storage can do. At least 19,000 images associated with the Clone X NFT collection disappeared into thin air. An abrupt change in Cloudflare’s service plan led to this crisis. It exposed a critical vulnerability...
Okay, 19,000 Clone X NFTs went poof. Vanished. Gone. For a few hours, anyway. They are returned now, safe and sound in Arweave after their pesky server migration saga. All of this failure and disorganization just shouts monopoly louder than a dial-up modem in 2024. Web3’s current trajectory is a...
Nike’s recent foray into the world of NFTs has raised some eyebrows. This sudden discontinuation of RTFKT and the resulting lawsuit gives a more impression of a typical corporate cash grab instead of genuine innovation. To be honest, it kind of pisses me off – particularly in light of all...
Nike’s first jump into the metaverse through the RTFKT acquisition was a shoo-in. A billion dollars later, and all we get is a slam dunk into the regulatory black hole. The recent Clone X image outage, for example, resulted in the temporary disappearance of more than 19,000 NFT images. This...
This is the second of a multi-part series on Nandar by Cinthia M. Souza of Coffee and Cocktails Art Collective & Organization (CCACO). She taught local artists to mint their work as NFTs. This allowed them to avoid the heavy-handed censorship and erratic financial system that has haunted Myanmar for...
A server misconfiguration led to over 19,000 NFT images from the Clone X NFT collection to go missing temporarily last week. The Clone X collection includes 20,000 extraterrestrial avatar clones, a partnership between RTFKT and Japanese artist Takashi Murakami. The mishap was due to an unexpected early transition to a...
Dave McCormick, a member of the Senate Banking Committee’s subcommittee on digital assets, has invested up to $1 million in Bitcoin this year, raising questions about potential conflicts of interest as his committee considers cryptocurrency regulation. The subcommittee, now chaired by Cynthia Lummis (R-WY), has been given the responsibility of...
London's buzzing. Our new Web3 accelerator program is about to ignite a second wave of blockchain innovation. It is backed by heavyweights including Fabric Ventures, Animoca Brands, Coinbase and FoundersFactory. Seed funding, mentorship, regulatory guidance – it all sounds a lot like the golden ticket for early-stage startups. But before...
