Article: Is it the manifestation of Web 3.0?

Decentralized Internet, Digital Content, Web 3.0

Is it the manifestation of Web 3.0?

People need, want, and hunger for new experiences. It is useless to deny that irritation is beginning to set in among social media users, who are witnessing the continuing contraction of freedom of expression online, turning them into refugees from Facebook, Twitter, and the like.

Metaverses are becoming the havens of those disenchanted users. It is indicative that so many companies are dedicated to creating blockchain-based metaverses, since they go where the money is.

Blockchain technologies may play an important role in the transition to Web 3.0 in the near future and act as a starting point for its rise. Perhaps the metaverses that are being developed today will become the social networks of tomorrow.

Read full article

Article: Future of NFTs – why art is just the beginning

Decentralized Internet, Digital Content

Future of NFTs – why art is just the beginning

I am more than sure that NFTs will make a real revolution not only in the field of art but also become that very “identity”, a digital passport of a person. In fact, with the help of such tokens, it will be possible to vote, record data on work and education there, which will make a real revolution in all areas of our life – after all, the blockchain cannot be fooled.

When Instagram or Twitter irrevocably blocks accounts that they believe violate community guidelines, it seems that we are investing our energy, and time in developing not our digital profile, but these companies (both in terms of user acceptance and advertising revenue perspective),

This does not mean that companies are wrong – they ultimately have the final say on what can and cannot be published on their platforms. But what if we could definitely save all the content created for each platform?

For this to happen, we must truly own our digital content – and therefore our digital identity.

Article: Inventor of the World Wide Web is auctioning its original source code as an NFT

Crypto, Digital Content

Inventor of the World Wide Web is auctioning its original source code as an NFT

In particular, the NFT that Berners-Lee will be selling consists of four parts according to Sotheby’s: “original time-stamped files containing the source code written by Sir Tim; an animated visualization of the code; a letter written by Sir Tim reflecting on the code and the process of creating it; as well as a digital ‘poster’ of the full code created by Sir Tim from the original files using Python including a graphic of his physical signature.”

Berners-Lee never patented his inventions of the world wide web and the first browser, releasing the source code for free instead. Together with his wife Rosemary Leith, Berners-Lee sits on the board of the World Wide Web Consortium, which they co-founded in 2009 to advance the open web as a public good and a basic right.

Read full article

Article: The rise of NFTs must be accompanied by further decentralization

Crypto, Decentralized Internet, Digital Content

The rise of NFTs must be accompanied by further decentralization

As the nonfungible token market continues to thrive, it stands to reason that more and more people will continue to move towards the use of highly decentralized blockchains that offer a high level of data transparency and flexibility to their users in terms of trading NFTs, especially when compared with centralized solutions such as Rarible, OpenSea, Binance NFT, etc.

Today there are Byzantine fault tolerant (BFT) cluster-based blockchains that have been tailor-made for handling NFT database management duties. A decentralized database can provide users streamlined access to a data delivery network that ensures a high level of protection from data breaches, network failures and performance troubles — all issues that currently plague the global NFT ecosystem in a big way.

Read full article

Article: Charlie Bit Me NFT sale: Brothers to pay for university with auction money

Crypto, Digital Content, Money

Charlie Bit Me NFT sale: Brothers to pay for university with auction money

Some 14 years and 885 million views later, the clip of baby Charlie biting his brother Harry’s finger is still one of the internet’s most viewed videos.

As well as fame, the video has brought riches – it recently sold as a non-fungible token, or NFT, for £500,000. The boys now say they’ll use the money to go to university. Harry, who is now 17, tells Radio 1 Newsbeat he wants to study “some kind of engineering” at either University College London or Imperial College London. Charlie, now 15, isn’t yet sure what he wants to study. But he says the money generated by the video will also cover the uni fees of his two younger brothers, Jasper and Rupert, if they want to go.

Read full article

Article: Decentralized Metaverses: Is That What Web 3.0 Really Is?

Decentralized Internet, Digital Content, Media, Web 3.0

Decentralized Metaverses: Is That What Web 3.0 Really Is?

People need, crave, desire, and hunger for new experiences. It is pointless to deny that irritation is starting to set in among social network users, who are witnessing the continuous contraction of online freedom of speech, turning them into refugees from Facebook, Twitter, and their ilk.

Metaverses are turning into the embracing havens for such disenchanted users. It is indicative when so many companies are engaging in creating blockchain-based metaverses, for they go where the money is.

Blockchain technologies can indeed play a significant role in the transition to Web 3.0 in the near future and act as the starting point of its ascent. Perhaps, the metaverses under development today will become the social networks of tomorrow.

Read full article

Article: NFTs Offer Alternative Revenue Source for Asian Musicians

Crypto, Digital Content

NFTs Offer Alternative Revenue Source for Asian Musicians

“The xxxx is an NFT” is his second effort. He deliberately experimented with a different platform and another crypto currency, and rather than selling through an auction, he made it available in limited editions. “The key is not to be greedy,” he said.

The experiment could lead to a new movement that would revive the direct relationship between patron and creators that was once prominent in the times of Renaissance, Tan says. Patrons who love one’s creative work are willing to pay a premium for a scarce product, creating a lifeline for artists, he explained.

Tan is working on his next NFT, which is scheduled to release in June. He expects obstacles lie ahead, but says he may be able to set an example for younger musicians.

Read full article

Article: Blockchain and NFTs are turning gamers into Investors

Blockchain, Digital Content, Innovation

Blockchain and NFTs are turning gamers into Investors

We saw this play out earlier this year when a massive fire in France destroyed approximately 30 servers connected to the hugely popular MMORPG (massively multiplayer online role-playing game) Rust. As a result of the incident, thousands of players lost their saved data, which wasn’t backed up offsite.

The destruction of Rust’s servers helped make the case for more decentralized, blockchain-based gaming models, where external circumstances won’t cause gamers to lose their hard-earned progress or in-game items. As the digital economy has matured, these items have a real-world value, sometimes in the tens of thousands of dollars range or more.

“People spend a lot of money in games. When they quit a game, that money is gone. Your investment is gone. It doesn’t mean anything,” said Gabe Leydon, the former CEO of Machine Zone. “So if people are willing to spend that kind of money in something where if they stopped logging in, it has no value. What happens when, if they stop logging in, they sell what they bought. It will change the whole nature of video games. It won’t be spending anymore. It will be investing. So it totally changes everything.”

Read full article

Article: Use Cases for Combining NFT with DeFi

Crypto, Decentralized Internet, Digital Content

Use Cases for Combining NFT with DeFi

In turn, NFTs become an excellent add-on for DeFi tools that expands the variety of use cases.

One of the earliest ideas for combining NFTs and DeFi was to use new unique tokens for DeFi lending. In this case, NFTs can act as collateral. For example, nftfi allows a borrower to apply for a loan using the NFT as collateral.

If the lender considers the NFT to be valuable, the loan is issued. NFTs are often valued based on their value in secondary markets. The fulfillment of the condition is ensured, of course, by smart contracts.

This case demonstrates the potential of the DeFi and NFT combination outside of gaming and other entertainment industries. NFT is also an opportunity to incorporate unique digital and real-world assets into the digital economy and get profit.

Read full article

Article: Artists Who Now Make a Living Because of NFTs

Crypto, Digital Content, Money

Artists Who Now Make a Living Because of NFTs

To explain the importance of transparency in her industry, squirterer recalls a situation where an art gallery took one of her physical paintings on consignment and resold it without notifying her.

But what irked her the most was that the buyer had tried to reach out to her via Facebook during the purchasing process, wanting to establish a direct connection with the artist. But the gallery explicitly said it was not allowed and forbade squirterer from engaging with buyers.

Personal experiences like that helped squirterer recognize the blockchain’s usefulness in making all transactions public, immutable and verifiable. Since joining Hive back in 2018, she’s also appreciated the importance of decentralization and anti-censorship, as she’s seen other photographers and artists banned from mainstream platforms for posting their nude art.

Read full article