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.

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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.

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Article: How the NFT Breathes New Life Into Branded Content Marketing

Crypto, Digital Content

How the NFT Breathes New Life Into Branded Content Marketing

The rise in NFTs has rekindled talks about developing a new media ownership model to make it more creator-centric. NFTs allow creators, be these brands or individual artists, to retain ownership of their content without restricting its distribution over the Internet.

As a result, NFTs can change the media ownership model by offering creators, their audiences, and blockchain developers a viable alternative to monetization.

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Article: Taking a bite out of hunger

Civil Society, Crypto, Digital Content

Taking a bite out of hunger

Net proceeds from the NFT sales will be donated to the not for profit Boys & Girls Clubs of America, to fund hunger-focused programs and bring nutritious food to cities across the US.

Dole global president Pier-Luigi Sigismondi said the company had sought out Datuna because it knew it could not provide access to good nutrition for 1 billion people alone.

“To create systemic change, we need to converge purpose with creativity, innovation and technology. This effort is the best representation of how we want to make a difference in this world,” Sigismondi said.

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Article: Cryptocurrencies, NFTs & Another Rise Of Blockchain. Ignore At Your Own Risk.

Blockchain, Crypto

Cryptocurrencies, NFTs & Another Rise Of Blockchain. Ignore At Your Own Risk.

Most importantly, as with any new emerging technology-enabled business model, companies should pilot NFTs with cryptocurrency and blockchain.  Start with creating a digital wallet and fill it with some Ether, the cryptocurrency that many NFT marketplaces use (because they use the Ethereum blockchain).  There are a number of sites that sell cryptocurrency, including Ether.  Some of the more popular sites are Coinbase and now PayPal.  Once a company has purchased some Ether they can proceed to OpenSea (or other NFT marketplaces, like Rarible or SuperRare), which is where lots of digital things are for sale.  Companies can buy some things on OpenSea (with their Ether) – and then sell them – all in the spirit of learning how it all works.  They can then browse their own portfolios for something to sell, or consider creating something they can sell.

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Article: NFTs will usher in a “creative and artistic renaissance” say designers

Crypto, Design

NFTs will usher in a “creative and artistic renaissance” say designers

Designers predict that NFTs will prompt an explosion of new works designed to make the most of digital technologies such as augmented and virtual reality.

Christodolou is experimenting with time-based programmable assets – digital images that evolve over time or react to its owner – as is Canadian lighting brand Bocci.

The company, which is currently selling DIY instructions for a candle as an NFT, is investigating how the technology can reflect the production process behind a product.

“Time-based programmable assets intrigue me because they might interweave into these processes and contribute to them,” Bocci founder Omer Arbel told Dezeen.

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Article: Audius Brings NFT Galleries to EDM-Heavy Streaming Service

Blockchain, Crypto, Web 3.0

Audius Brings NFT Galleries to EDM-Heavy Streaming Service - CoinDeskAudius Brings NFT Galleries to EDM-Heavy Streaming Service

Audius, a decentralized music streaming service with big user numbers for a Web 3.0 project, has launched a non-fungible token (NFT) showcase feature for its resident artists.

Disclosed to CoinDesk Thursday, the new feature lets artists showcase their NFT merch in a consolidated gallery, making it easy for diehard fans to peruse. The move comes at a time when acts like Kings of Leon and others are rolling out increasingly lavish collectibles for their superfans and the crypto-rich.

To enable the gallery, a user on the site has to stake 100 of the project’s native AUDIO tokens.

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Article: 5 Disruptive DeFi Use-cases Every Investor Should Know About

Blockchain, Crypto, Decentralized Internet

5 Disruptive DeFi Use-cases Every Investor Should Know About

Below the sea of options, however, there is fertile land for opportunities. For this article, we’ve researched the most attractive, rising DeFi initiatives and compiled our top five to help you build them into your Web 3.0 radar. For each of them, we’ve also included the leading, top, or best company to represent its niche. We’re sure you’ll find something to fit your style of investment and risk preference here!

  1. Decentralized Banking
  2. DeFi and NFT All-In-One Integrations
  3. dApp Ecosystems with Decentralized Governance
  4. Financial Instruments that Take Advantage of Market Inefficiencies
  5. Risk Management and Insurance

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Article: NFT craze and its long term legal implication

Crypto

NFT craze and its long term legal implication

According to attorney Nelson Rosario, when a person buys an NFT, they are buying control over information in an entry in a ledger. These are the same types of transactions that occur when you purchase a cryptocurrency. Rosario continued by indicating that buying an NFT, therefore, does not give the buyer the right to own digital assets such as media files associated with the blockchain receipts.

Another aspect of NFTs that has also raised legal concerns is their longevity. There is still fear that the current boom and NFT craze may be short-lived and people holding these assets may fail to get back their value in case the bubble bursts.

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Article: NFT craze: Why are non-fungible tokens all the rage?

Crypto

To prove its authenticity, 'Everydays – The First 5000 Days' features what is known as a non-fungible token (NFT) that digitally attaches the artist’s signature to it and can’t be altered, Christie’s said [Christie's Images Ltd via Reuters]NFT craze: Why are non-fungible tokens all the rage?

Is this just a fad?

If you’re asking why anyone would pay over $1,000 for a virtual Christmas sweater with the Bitcoin logo all over it, perhaps you’re not in the right place. But it is entirely possible that the whole NFT obsession may prove a fad – or not. Many of the first NFTs were in the style of CryptoPunks, pipe-smoking digital beings that date back to 2017, and CryptoKitties, cute virtual felines that started the same year.

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