Think about this time last year, and the excitement around NFTs, crypto, and the metaverse. By fall of 2022, NFT markets were down 90%, we’d entered a chilly crypto winter, and a bustling metaverse was nonetheless extra of a dream than actuality. Separating real innovation from sizzling air can be the distinction between an enormous win and a expensive flop. More recently, the corporate has faced some challenges courting outsiders to build businesses utilizing its technology.
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Artists began realizing that royalties by no means worked when promoting NFTs from one platform to a different. OpenSea introduced a software which makes royalties enforceable on-chain for all new collections. This snippet of code ensures that NFTs are solely sold in platforms that help royalties.
Refik Anadol began a crypto donation marketing campaign that he introduced via Twitter – he raised ~$4.5mm thus far. Global media criticized the exhibition for lacking rapport given the restricted emphasis on the artist’s private life. The curator and the Saudi organizers confused their curiosity in focusing solely on Warhol’s creative legacy. This comes…