NFT News August 3, 2022

The Tumultuousness of the NFT Markets Isn’t Settling Down

Published

4 months ago

August 3, 2022

According to recent surveys conducted by market analysts, and more than a few polls distributed by private companies like The Cointelegraph, we get the impression that NFT fluctuations are not settling into a predictable pattern. Unless that pattern is defined by decline, then maybe you have a point. In any case, many investors have had a rough go of it lately, and their portfolios are suffering. However, there may be a light at the end of the tunnel yet. Some analysts, who won’t be mentioned here, are banking on a complete financial reset, as it were. They are predicting a kind of financial revolution; so let’s take a look at some historical examples that may hold water here.

The Prediction

Essentially, what is happening is hitting a lot of investors and collectors hard…really hard. And many people are keeping an eye out (desperately) for some logic in all the chaos. To this end, some professionals have identified the collapse of NFTs as nothing more than a temporary cold front that heralds a new season of growth. Others, more boldly, have said that this is only the beginning of a new era of finance.

So, are they right? It can be hard to tell, of course. However, their is sparse precedence for something like a revolution in commerce, it generally doesn’t happen all at once, however. Economic resets don’t typically happen in the space of a few months or years, even. All together, the shifts of power and money into a decentralized market may take a decade, according to some.

Interest

“At present, nearly 40% of the working population in the United States are freelancers, and the freelance market size is about US$1.5 trillion. Under the influence of the pandemic, working remotely and working online have become common modes of work and are likely to become regularly and universally adopted in the long term, and the number of freelancers and economic scale will increase exponentially…The market has shifted from being dominated by the long-term employment relationship to short-term or flexible modes of work, demonstrating the huge market potential of freelancing and gig economy.” Braintrust Interview

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NFT News

A Huge Ticket Selling Agency Just Made a Leap On Blockchain

Published

3 months ago

August 31, 2022

Billy Houghton

A Huge Ticket Selling Agency Just Made a Leap On Blockchain. Ticketmaster, the vending giant, just decided to seal a deal with the Flow blockchain. This deal entails one of the largest movements by a mainstream entity to endorse and utilize blockchain technology. Tech Crunch just told us that “Ticketmaster will now let event organizers issue NFTs (non-fungible tokens) tied to tickets on Flow, a blockchain operated by a16z-backed Dapper Labs.” This is an interesting move from an unlikely source, and in this article today, we will be discussing this deal.

The Scoop

Last year, when this arguably began, Ticketmaster made another deal with Polygon, which is based on the Ethereum chain. This was done to offer NFL fans the ability to buy virtual tickets on the blockchain. Now, we have a new deal that brings this move to full fruition.

“Event organizers who choose to offer fans an NFT with their ticket have a real opportunity to make this new technology relevant and relatable at scale. This is why we are partnering with Flow, because their blockchain is custom-built for fan engagement and frictionless consumer experiences.” Brandan Lynch

The Host’s Perspective

“Its partner for this project, Dapper Labs, which raised $250 million at a $7.6 billion valuation last year, is no stranger to sports-based digital collectibles distributed through Flow. It’s well-known as the creator of NBA Top Shot, an NFT marketplace for basketball fans to buy, sell and trade cards of players and top moments in the sport.” -Tech Crunch

NFT News

How Has NFT Security Changed Since One of The Worst Heists?

Published

3 months ago

August 31, 2022

Billy Houghton

The cyber security market is bigger than ever, and shows no signs of slowing. This is, of course, in part due to the fact that the internet is playing larger and larger roles in our lives. Yes, even though another theft has occurred and it apparently happened over the course of an entire month. How bad was the damage? Well, painfully, we have received news that over 100 million dollars of assets were stolen and duplicated. The duplication glitch is something we’re still looking into. But, for now, we need you to be aware of some of the broad ideas that have impacted this security breach.

The Scoop

As it turns out, several companies want to compete with the monolith that is the Oculus VR tech. Incidentally, Sony has announced the launch of the project that they hope will contend with that system. Not only has this been highly anticipated by gamers, but consumers in general as well.

The PS2VR will showcase Sony’s highly anticipated haptic feedback gear along with a sleek headset that blends well with their overall design theme.

The Host’s Perspective

“The road to launch for PlayStation VR2 is in full swing, and we can’t wait for you to try the exciting new games and experiences you’ll be able to explore with our next-generation virtual reality headset. As we continue with our launch efforts, today, we’d like to offer a quick peek at some of the user experience features you’ll discover on PS VR2. ” -Sony Blog

NFT News

NFT Laundering May Not Be As Big A Problem As Once Thought

Published

3 months ago

August 30, 2022

Billy Houghton

NFT Laundering May Not Be As Big A Problem As Once Thought. Of course, there have been a few thefts reported recently, and that’s still a problem. Yes, another theft has occurred and it apparently happened over the course of an entire month. How bad was the damage? Well, painfully, we have received news that over 100 million dollars of assets were stolen and duplicated. The duplication glitch is something we’re still looking into. But, for now, we need you to be aware of some of the broad ideas that have impacted this security breach.