NFT News August 1, 2022

Programmable NFTs Have Been Around for a While, But Why?

Published

4 months ago

August 1, 2022

Yesterday we talked a little about what Dynamic NFTs are and why they are different from standard NFTs. Well, now we want to address the reasons for and against the purchase and study of Dynamic NFTs. First off, a recap: Dynamic NFTs are the iteration of the famous digital asset the metadata of which can be programmed to change over time. In fact, everything but the base-code and blockchain ID of Dynamic NFTs can be written to change over time. This makes them, well, dynamic. In any case, should they be any more interesting than standard NFTs? Or is this simply another iteration of a dying market fad? Let’s find out.

The Scoop

Because NFTs are basically code at bottom, the code can be programmed in any way the originator sees fit when he or she makes it. Say, for instance, that a programmer wants to code the NFT to deform or change colors, well they can’t do that. BUT they can program the NFT’s metadata to change over time at specific intervals.

Yep, that means that the information that search engines use to categorize and display pictures can change entirely. Not only this, but the original purchase data is still unique and on the blockchain.

The News Take

“Living NFTs need not live in a vacuum, where the passage of time is the main thing that affects their mutation—they can draw on data from an individual’s real life, too. In 2021, Playground Studio launched a set of collectible NFTs for LaMelo Ball, the 2021 NBA Rookie of the Year. The NFTs would rack up points according to data about his performance sourced from Chainlink Sports Data Feeds. A holder could choose to harvest ‘Silver Moons’ every time the Charlotte Hornets player assisted the netting of a ball, or ‘Blue Neptune’ whenever LaMelo stole the ball from an opponent. If thresholds are met, an NFT avatar could transform.” –The Times

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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.