Article: The tides are turning for blockchain in mainstream media

Blockchain, Media

The tides are turning for blockchain in mainstream media

In order to break through the current barriers of understanding, businesses need to take a utility-focused approach to the media. The internet’s mainstream moment came not when people understood how it worked, but why they needed it.

The same goes for blockchain. The space will only continue to grow as these barriers of understanding are lowered, and people begin to see the wide-ranging potential applications of the technology become reality. Blockchain companies who can get this right now stand not only to benefit from adoption in the short term, but to become the Googles, Microsofts and Apples of the future.

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Article: Money Reimagined: NFTs Can Help Create a New Internet

Crypto, Decentralized Internet, Digital Content, Web 3.0

Money Reimagined: NFTs Can Help Create a New Internet

In establishing digital scarcity via one-of-a-kind tokens, and in holding out the promise of peer-to-peer digital media exchanges, NFTs hint at new approaches for media companies and brands to engage directly with their audiences without the intermediation of the platforms.

NFTs pose their own ownership issues. Many buyers are discovering they don’t really own the art or content to which they are attached.

And, as Khloe Kardashian’s bikini photo saga shows, it’s very hard to stop the replication of content, especially when it’s going viral. NFTs can’t physically stop or control the copying of digital content.

However, we can establish standards assuring that special rights to NFT-associated content are not controlled by a separate custodial platform but are assigned to the token owner and  cryptographically bundled with the token itself so they can be easily transferred to the buyer with each downstream sale.

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Article: NFTs are much bigger than an art fad – here’s how they could change the world

Crypto, Digital Content, Innovation

NFTs are much bigger than an art fad – here’s how they could change the world

NFTs create opportunities for new business models that didn’t exist before. Artists can attach stipulations to an NFT that ensures they get some of the proceeds every time it gets resold, meaning they benefit if their work increases in value. Admittedly football teams have been using similar contractual clauses when selling on players for a while, but NFTs remove the need to track an asset’s progress and enforce such entitlements on each sale.

But beyond these fields, the potential of NFTs goes much further because they completely change the rules of ownership. Transactions in which ownership of something changes hands have usually depended on layers of middlemen to establish trust in the transaction, exchange contracts and ensure that money changes hands.

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Article: Education Solutions Look to Implement Blockchain Technology

Academia, Blockchain

Education Solutions Look to Implement Blockchain Technology

As demand for online education grew, the technological capacity to facilitate this demand had grown as well. New innovations, methods and business model are constantly being implemented in the online education segment. In particular, blockchain technology could offer several significant solutions to this segment. For example, according to a report by Forbes, having a blockchain-based system to record the accreditation, track the changes over time, and enable the instantaneous verification of credentials and degrees would help increase transparency, and trust.

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Article: How Does the Cryptocurrency Market Work?

Blockchain, Crypto

The cryptocurrency market is growing overallHow Does the Cryptocurrency Market Work?

Cryptocurrency is more than a trending investment vehicle. Since emerging, the crypto market has become a major market for investors seeking rapid appreciation. Those willing to deal with the volatility of a decentralized currency have found mammoth gains in the likes of Bitcoin and other such crypto assets. For many, however, crypto is still something of a mystery.

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Article: How Is Cryptocurrency Taxed?

Blockchain, Crypto

How Is Cryptocurrency Taxed?How Is Cryptocurrency Taxed?

Crypto taxes are based on a 2014 IRS ruling that determined cryptocurrency should be treated as a capital asset (like stocks or bonds), rather than a currency (like dollars or euros). This decision has major ramifications for people who own crypto, as it opens them up to more complicated taxes.

Capital assets are taxed whenever they are sold at a profit. When you purchase goods or services with cryptocurrency, and the amount of crypto you spend has gained in value over what you paid for it, your spending incurs capital gains taxes.

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