Beyond the NFT hype: The need for reimagining digital art’s value proposition
The true potential of NFTs lies beyond profile pictures and art and into solving real-world use cases, implying the need for brainstorming fresh ideas. With cryptocurrency prices wavering this year, nonfungible tokens (NFTs) and other sub-ecosystem investors have also found themselves in the grips of a bear market.However, looking beyond the trading value of Ether (ETH), NFTs were primarily created to represent assets and ownership in the real and virtual world. The bear market, as a result, has reignited discussions around how NFTs can backtrack and focus on attending to use cases while....
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Reimagining traditional finance to dreaming of alternative, self-sovereign futures has become possible with blockchain technology. That’s according to Berlin-based New Zealand artist, Simon Denny, whose latest exhibition, Blockchain Future States at the Petzel Gallery in New York City looks at the cultural implication of what blockchain application across different sectors could mean globally. Full-length, cut-out images of the leaders of three major blockchain companies — Digital Asset Holdings LLC, 21 Inc. and Ethereum — demand attention as they stand near globe-like objects with....
A recent study by Gartner has shown that blockchain has reached the ‘peak of inflated expectations’ phase of the hype cycle as the chief architect of ACI Worldwide states that the distributed ledger technology is not yet able to handle financial transactions at scale. The study by Gartner ‘Hype Cycle for Emerging Technologies, 2016,’ found that blockchain won’t reach mainstream adoption for another five to ten years. According to Mike Walker, research director at Gartner, the Hype Cycle for Emerging Technologies report is the longest-running, providing an overview of what technologies are....
Uniswap’s UNI token launch generated massive hype for around 24 hours, leading the token’s price to surge up to highs of $8.50 before the hype faded and the cryptocurrency’s price plunged lower. It doesn’t appear that the hype will return anytime soon, as the token has since erased the vast majority of its gains and […]
The Bitcoin For Truckers campaign made it on Tucker Carlson Tonight, the controversial and conservative TV host’s show on Fox News. The most important thing, though, it’s that Bitcoin’s value proposition shined bright in the mere center of his speech. Say what you will about Tucker Carlson, but this is the kind of advertising money […]
Bitcoin Maximalism is a controversial concept that lurks around the crypto-verse and comes to the spotlight behind metrics like the Bitcoin Dominance Index (BTCD), institutional involvement, and various similar comparative narratives. It is undeniable that this concept comes without its own merit as the perception of the rest of the cryptocurrency markets behaving like a casino comes with adequate historical proof of rugpulls, scams, hacks, and the list goes on. It is the notion that only one crypto asset and network is worthy of investment, Bitcoin (BTC), the others are merely unreliable....