Article: (Yonhap Feature) Bubble? No, young Korean artists see crypto art as fresh opportunity

Crypto, Digital Content

(Yonhap Feature) Bubble? No, young Korean artists see crypto art as fresh opportunity

The NFT market will “lower entry barriers to the art scene and encourage more creators to join the market, leading to greater diversity,” the official said.

Globally well-known artist Yoon Da-in, who uses her face and body as a canvas to create optical illusion art, said she was carefully — and positively — reviewing the market.

She said NFTs can offer “important opportunities for me and collectors as my paintings, which only exist for a fleeting moment in time, can now achieve a unique digital status and live on forever in collections worldwide.”

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Article: The new digital, decentralized economy needs academic validation

Academia, Blockchain, Decentralized Internet

The new digital, decentralized economy needs academic validation

The crypto revolution is driven by “rockstars,” visionaries who often lack an academic background. Their ideas of decentralization and openness are refreshingly anti-systemic and optimistic. Still, these visions are only possible thanks to the work of generations of scientists who laid down the foundations of current crypto protocols decades ago, and continue developing them today. The shape and form that the crypto revolution takes will be the product of dreams and ideologies on the one hand, and peer-reviewed research and development on the other — in equal measure.

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Article: Fights over free speech and the future of social media

Censorship, Deplatforming, Media
Fights over free speech and the future of social media

Would you say social media platforms offer “a forum for a true diversity of political discourse?”

Congress used this language over 20 years ago to describe the internet when it passed Section 230, a federal law that provides liability protection for online service providers when they transmit or take down user-generated content. While the internet generally does offer such a forum, on social media platforms, it is disappearing.

Big Tech, including social media platforms, are now under the microscope, and legislators have very different ideas on what, if anything, needs to be done. The recent hearing before the House Energy and Commerce Committee — billed as an investigation of digital misinformation among Facebook, Twitter and Google — showed just how divided members of Congress, both parties and the public are on the future of social media.

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Article: ‘There’s literally no limit’: NFTs could soon be used for cars, real estate, experts say

Crypto

There's literally no limit': NFTs could soon be used for cars, real estate, experts  say | Ottawa Business Journal‘There’s literally no limit’: NFTs could soon be used for cars, real estate, experts say

NFTs – which are essentially a tool that uses blockchain technology to provide proof of ownership of a digital asset such as an image, audio clip or a tweet – are currently a fringe item used primarily by tech enthusiasts and artists, but experts say potential uses for the tokens are nearly limitless, including the proof of ownership of assets such as cars, real estate or just about anything of value.

A non-fungible token is certified on the blockchain (the same technology that ensures the security of cryptocurrencies like Bitcoin), and whoever owns the NFT is deemed the original owner of the asset.

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Article: Cryptocurrency Advocates Receive Increasing Support

Crypto

Cryptocurrency Advocates Receive Increasing SupportCryptocurrency Advocates Receive Increasing Support

According to Coin Center executive director Jerry Brito, the group is saving money as a war chest. It anticipates needing the cash to fight a larger lobbying battle or file a lawsuit over the new regulations. Brito said:

“Our job is to say absolutely there is a real risk here and that we all need to work together, but don’t throw away the baby with the bathwater.”

Meanwhile, the crypto trade association Blockchain Association has seen its membership rise by 10 to 34 since December. The number of its employees has also doubled. Members of the association include Binance.US and Ripple Labs. They intend to make contributions to the association to help polish bitcoin’s image.

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Article: Lawmakers Press Big Tech CEOs on Speech Responsibility

Content Integrity, Governance, Media

pichai speechLawmakers Press Big Tech CEOs on Speech Responsibility

WASHINGTON – The CEOs of social media giants Facebook, Twitter and Google faced a grilling March 25 as lawmakers tried to draw them into admitting responsibility for helping fuel the January insurrection at the U.S. Capitol and rising COVID-19 vaccine misinformation.

In a hearing by the House Energy and Commerce Committee, lawmakers pounded Facebook CEO Mark Zuckerberg; Sundar Pichai, the Indian American CEO of Google, which owns YouTube; and Twitter chief Jack Dorsey over their content policies, use of consumers’ data and media use by young children.

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Article: Non-fungible tokens: are you buying art or trading securities?

Crypto

Non-fungible tokens: are you buying art or trading securities?

Although most NFTs currently in existence do not resemble securities, Canadian securities regulators have consistently stated that such a conclusion depends on the specific nature of the token and the representations and marketing efforts of the issuer. Accordingly, it is critical that crypto issuers and related businesses, as well as investors and other market participants, are aware of and consider the securities law requirements that may apply to their activities in order to avoid costly regulatory surprises.

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Article: NFTs And Securities Laws: How To Create And Sell Compliant Non-Fungible Tokens

Crypto, Cyber-Security

NFTs And Securities Laws: How To Create And Sell Compliant Non-Fungible Tokens

NFTs are in their infancy and are poised to have a significant impact on the worlds of art, photography, music and other creative industries. Working with a securities lawyer who is familiar with the interplay between NFTs and securities laws will help increase the odds of your project’s success and make it less likely that you will be deemed to be illegally selling securities.

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Article: NFTs are not just for art: As technology matures, more uses will emerge?

Crypto

NFTs are not just for art: As technology matures, more uses will emerge?NFTs are not just for art: As technology matures, more uses will emerge?

Russo believes that the next major growth inflection point for the NFT market will be focused on gaming and decentralized finance: “Right now, the market is capable of understanding NFTs as something you can buy, sell or hold. The next stage of this market will be driven by what you can actually do with the asset class.”

As these industry experts outline, the possibilities of NFTs are as seemingly endless as the blockchain technology that powers them. There’s plenty of attention on NFTs, and it seems like it’s only a matter of time before new, exciting use cases emerge.

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Article: The rise of NFTs and what it could mean for the collaboration economy

Crypto

The rise of NFTs and what it could mean for the collaboration economy

Many new blockchains with much lower fees are gaining popularity and are expected to dramatically reduce the cost of minting and buying an NFT.
New platforms are simplifying the NFT trading process. For instance, transactions on NBA TopShot are not conducted in cryptocurrencies but regular dollars, making it easier for everyone to get involved.

Regardless of where we go, the future is very exciting and the decentralization movement will have a significant impact on how we interact and work together in the future!

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