Charles Hoskinson describes blockchain and cryptocurrency.
The NFT Bubble Has Already Burst
The NFT market was heating up faster than Steph Curry in an open gym, but it appears to have already burst.
Thanks to the research by the crew at Protos, they found that The NFT market has imploded over the past month, with sales in every single category almost entirely drying up.
NFTs peaked on May 3, when $102 million worth were sold in a single day. The crypto-collectibles market made up $100 million of those sales.
But according to data analyzed by Protos, just $19.4 million in NFT sales were processed in the past week.
Overall, $170 million in NFTs were transacted in the seven days surrounding the market’s top — a near-90% collapse.
CryptoPunks have been selling for as much as $7.5 million each, with many going for over $1 million.
NBA Top Shots selling for multiple hundreds of thousands of dollars. And many collectible NFT’s going for just as much.
Has the NFT bubble already burst?
New Dark Matter Discovery
New findings on Dark Matter – the most mysterious substance in the universe – suggest that Einstein’s Theory of Relativity “may be wrong”. What could this revelation mean for both the world of science and beyond?
Artists use artificial intelligence to bring their creations to life
Albert Einstein has been credited with saying “creativity is intelligence having fun.” Einstein would likely be impressed with the artificial intelligence now being used to help create modern works of art, whether it’s painting and sculpture, music, or even the written word. Brook Silva-Braga met some of the humans briging AI creations to life.
Blockchain Pioneer Predicts What Lies Ahead For Bitcoin & Cryptocurrencies | Dan Larimer
Early blockchain pioneer Dan Larimer shares a lot of great insights in this interview I hadn’t heard before here. But in short, he sees a continued wild ride ahead.
How to turn your art into an NFT – Step by Step Tutorial
Looking for ways to turn your art into a NFT? In this short step-by-step tutorial I show you how to create and list a non-fungible token on Rarible and Opensea. Listing is free on both marketplaces, except gas fees that occur on every interaction with the Ethereum blockchain. Furthermore, you learn how to store a unique and immutable highres version of your work in the IPFS network and how to include the unique link as unlockable content in the smart contract.
Crypto: will the bitcoin dream succeed? | The Economist
Bitcoin and other cryptocurrencies set out to upend the financial order and replace conventional money. Bitcoin has certainly disrupted the global financial system, but can it ever live up to the hype?
How Soil Could Be An Untapped Source Of Electricity
Bioo is generating electricity from the organic matter in soil and creating biological batteries to power agricultural sensors, a growing $1.36 billion global market. Eventually, Bioo envisions a future where biology could help to power our largest cities.
What is an NFT? Explained in 4 minutes!
NFT’s are an innovation in the blockchain/cryptocurrency space that allows you to track who owns a particular item. Something tricky with digital files because they can easily be copied. NFT’s are essentially smart contracts that live on blockchains like Ethereum, Flow, or Tezos. They can also be programmed to give the creator a royalty of every sale of his NFT.
What Are NFTs and How Can They Be Used in Decentralized Finance? DEFI Explained
NFTs stand for non-fungible tokens and they are one of the types of cryptographic tokens that can represent ownership of digitally scarce goods such as pieces of art or collectibles.
“Non-fungible” is not a very popular word so let’s see what it really means.
In economics, fungibility is the characteristic of goods or commodities where each individual unit is interchangeable and indistinguishable from each other.
Although NFTs can be implemented on any blockchain that supports smart contract programming, the most noticeable examples are ERC-721 and ERC-1155 standards on Ethereum.
When it comes to DeFi, NFTs can unlock even more potential for decentralized finance. Currently in DeFi, the vast majority of DeFi lending protocols are collateralized. One of the most interesting ideas is to use NFTs as collateral. This means that now you’d be able to supply an NFT representing a piece of art, digital land or even a tokenised real estate, as collateral and borrow money against it.