Article: ‘A Crazy Success Story’: Trevor Jones’ NFT Gamble Pays Off

Crypto, Digital Content, Money

‘A Crazy Success Story’: Trevor Jones’ NFT Gamble Pays Off

Jones, 51, didn’t go to college until his thirties and worked three to four jobs after graduating to support his painting career. Today, he still leads a relatively quiet life with his wife outside Edinburgh, Scotland. To him, his journey in the NFT art world has been “a crazy success story.”

“It started with being depressed at 30 and deciding to do an art degree,” he says, “to [becoming] an overnight sensation.” His rise is emblematic of the transformative effect the recent NFT boom has had on artists’ lives. Far from an abstract internet phenomenon, NFTs are responsible for some becoming millionaires – in the exclusive art world no less, where it’s not easy to get rich.

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Article: They were ancient internet memes. Now NFTs are making them rich

Crypto, Money

They were ancient internet memes. Now NFTs are making them rich

Their faces were the backdrop of the 2010s. Now the likes of Scumbag Steve and Bad Luck Brian are cashing in with non-fungible tokens.

The smart contracts that underpin NFTs mean that, unlike traditional art auctions, the original creators can ensure they take a cut of any future sales too. Most of the OG meme NFTs are being auctioned via Foundation, which gives a standard ten per cent share of any future sales to the person who minted the original NFT.

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Article: How the need for secure supply chains is propelling blockchain

Blockchain

How the need for secure supply chains is propelling blockchain

Blockchain technology can be used to create digital records, such as certificates, public registers, or agreements, which can be stored, shared, and amended online. As products or materials change hands, records can be added, inspections and deliveries can be logged, and payments can be automated. Anything that happens to these records can be automatically documented and encrypted for security: showing amendments made, and who sent or exchanged them. There’s no need for a third party, such as a bank or a regulator, to verify these actions because it’s a shared process, secured by cryptography. Organizations can pinpoint fraud or contaminants with speed and accuracy. The technology can also be used to issue warnings about inconsistencies or trigger an automated dispute.

Article: Why Bitcoin is better than money

Crypto, Money

Why Bitcoin is better than money

Bitcoin has been at the heart of this acceleration towards digital finance and money.

Because of its powerful benefits, and with Governments debasing their currencies by printing money to fund huge debt and spending, Bitcoin is now, too, being accepted as a store of value and an important investment vehicle.

We encourage investors to learn and understand how an allocation to Bitcoin may provide enhanced returns and lower risk for investors in a rising inflationary environment.

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Article: Germany creates bridge between blockchain and euro

Blockchain, Money

Germany creates bridge between blockchain and euroGermany creates bridge between blockchain and euro

German authorities have developed technology allowing investors to buy and sell securities on the blockchain in return for central bank money, bridging a gap between two worlds that once seemed irreconcilable.

Private and public institutions around the world have been experimenting with using distributed ledger technology (DLT), best known for powering Bitcoin and other cryptocurrencies, for settling trades in official money.

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Article: The Future of Sports – Cryptocurrencies and Blockchain Technology

Blockchain, Crypto, Innovation

The Future of Sports – Cryptocurrencies and Blockchain Technology

Sports as an industry has realised the potential that cryptocurrencies and blockchain technologies can bring to further monetise fan engagement, attract sponsors and engage a global market in ways that were unimaginable decades ago. Passionate fans, each a citizen of digital technology, consume sports and related content beyond the actual duration of a match. Teams, clubs and sporting bodies are innovating to survive in the new digital age and meet fan expectations.

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Article: Financial Watchdogs Have DeFi in Their Sights, Alter Wording Around NFTs

Blockchain, Crypto

Financial Watchdogs Have DeFi in Their Sights, Alter Wording Around NFTs

Innovative areas within cryptocurrency such as decentralized finance (DeFi) are firmly on the radar of global regulators, according to draft guidance released on Friday by the Financial Action Task Force (FATF), a global anti-money laundering (AML) body.

In addition to clarifying its wording on decentralized exchanges (DEXs), the mechanisms that power DeFi platforms and apps, the FATF made an oblique reference to non-fungible tokens (NFTs), which are exploding in popularity.

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Article: Decentralized apps struggle to go mainstream amid coronavirus lockdown

Blockchain, Decentralized Internet

Decentralized apps struggle to go mainstream amid coronavirus lockdown

Zoom, once the darling of the quarantined remote worker, has been slammed for poor privacy, and has suffered a data breach in which 500,000 user accounts were offered for sale on the dark web. Meanwhile, Google and Apple have pooled their resources for contact tracing, highlighting the amount of information that Big Tech monoliths hold on their customers.

This, then, should surely be the moment for Web3 to sweep in and save the day, with its promise to wrest power from centralized entities and restore privacy to the masses. But it hasn’t. Not a single Web3 decentralized app (dapp) has gone truly mainstream during the coronavirus pandemic.

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