Burnt Finance is a crypto startup which, as a stunt, burnt a Banksy artwork and but then the NFT they’d minted for it for $400,000, double what it cost on the ‘normal’ open art market. Based on the idea that auctions for NFTs could be improved, it went on to raise $3 million for a […]
Here’s why CNET co-founder Halsey Minor is bullish on NFTs
Halsey Minor has lived many lives. One of the founders of CNET, Minor entered tech media at a time when the closest thing most of us had to the web was a spider spinning cobwebs on an old NES. Born in Charlottesville, Virginia, Minor worked for Merrill Lynch during the rise of the internet in […]
5 NFT trends that will bring social media audiences into web3
The true mass-market potential of blockchain will be unlocked with the merger of Web 2.0 and web3.
Justin Kan’s NFT platform suffers rocky debut as scammer makes off with $150K in user funds
Despite billions in VC investment, many web3 crypto platforms are still pretty hostile places for users new to the crypto world. Case in point, today Justin Kan’s NFT platform Fractal suffered a security breach when a scammer hacked the announcement bot for the startup’s Discord which sent out a fraudulent link to the platform’s more […]
‘PayPal for Crypto’ wannabe Ramp raises $52.7M Series A round led by Balderton Capital
In the same way that PayPal and Stripe radically changed online payments by allowing any online service to embed payments, the race is on to have the same impact on crypto assets. To this end, players such as Wyre (raised $29.1M) and MoonPay (raised $555M) have risen to the fore. But in the Summer of […]
WildWorks, maker of Animal Jam and Feral, angers fans with embrace of crypto gaming
Less than a year ago, WildWorks, the makers of the kid’s virtual world game Animal Jam, launched its next big effort with a game aimed at Gen Z teens, called Feral. But in recent days, the company has angered many of its core users with news that it’s reusing Feral’s technology platform and many of […]
DAOs as the future? Hard pass, thanks
While the problems DAOs might solve are real, DAO proponents misunderstand the nature of these problems and offer a tool that creates more harm than benefit.
Someone Right-Clicked Every NFT In The Heist Of The Century
Hours ago, a website appeared online with the express purpose of hosting a nearly 20TB torrent (that’s terabytes, folks, the big boys of digital data measurement) containing every NFT available through the Ethereum and Solana blockchains.Read more…
The Anoma protocol raises $26M for its work to undefine money
One of the best parts of being a journalist is getting to pepper experts with whatever questions you have in mind, allowing you to learn lots, often quickly, about much. The downside to that upside is that you often wind up knowing just enough to be dangerous as a journalist, but not enough to not […]
Sequoia backs blockchain scaling startup StarkWare at $2 billion valuation
As the crypto world continues to heat up, developers are clinging to the Ethereum network despite its general struggle to meet the stresses of a global network’s transaction load. To speed and cheapen transactions on Ethereum, developers are looking toward so-called Layer-2 (L2) blockchains, which build on the Ethereum network, offloading the computational stresses while […]