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Former OpenSea Product Manager Appeals Conviction in NFT Insider Trading Case
Nathaniel Chastain, the former product manager of the nonfungible token (NFT) marketplace OpenSea, has launched an appeal against his conviction for wire fraud and money laundering related to insider trading.
Chastain’s legal team submitted a filing to the United States Court of Appeals for the Second Circuit on January 16, arguing that he should be acquitted because the U.S. government failed to demonstrate that the information concerning NFTs on the OpenSea platform qualified as property.
According to his lawyers, this information lacked commercial value to the platform and did not fall under the category of “protected property.”
The appellate brief emphasized that not all confidential information could be considered property and that confidential information must possess commercial value to its owner.
It clarified that OpenSea’s primary revenue source was commissions earned from NFT transactions on its website, rather than monetizing Chastain’s ideas about which NFTs to feature.
The filing further pointed out that OpenSea benefited from Chastain’s trading activities, as the platform earned commissions when he utilized it for purchasing and selling the featured NFTs.
During his 2023 trial in the U.S. District Court for the Southern District of New York, prosecutors presented evidence to establish that Chastain had the authority to select the NFTs to be featured on the OpenSea website.
READ MORE: Launch of Bybit Web3 Swap Accelerates DeFi Revolution
He had acquired 45 NFTs before their inclusion and subsequently resold them for Ether.
In May 2023, Chastain was found guilty of wire fraud and money laundering, resulting in a three-month prison sentence and a $50,000 fine.
The judge granted him until November 2 to surrender himself to authorities. The appellate filing now requests that Chastain’s conviction be overturned or replaced with a new trial.
Chastain’s appeal centers on the crucial argument that the information he used for insider trading did not constitute protected property, challenging the foundation of his conviction.
The outcome of this appeal could have broader implications for the legal treatment of insider trading in the context of NFTs and digital assets.
Discover the Crypto Intelligence Blockchain Council
Chastain’s legal team submitted a filing to the United States Court of Appeals for the Second Circuit on January 16, arguing that he should be acquitted because the U.S. government failed to demonstrate that the information concerning NFTs on the OpenSea platform qualified as property.
According to his lawyers, this information lacked commercial value to the platform and did not fall under the category of “protected property.”
The appellate brief emphasized that not all confidential information could be considered property and that confidential information must possess commercial value to its owner.
It clarified that OpenSea’s primary revenue source was commissions earned from NFT transactions on its website, rather than monetizing Chastain’s ideas about which NFTs to feature.
The filing further pointed out that OpenSea benefited from Chastain’s trading activities, as the platform earned commissions when he utilized it for purchasing and selling the featured NFTs.
During his 2023 trial in the U.S. District Court for the Southern District of New York, prosecutors presented evidence to establish that Chastain had the authority to select the NFTs to be featured on the OpenSea website.
READ MORE: Launch of Bybit Web3 Swap Accelerates DeFi Revolution
He had acquired 45 NFTs before their inclusion and subsequently resold them for Ether.
In May 2023, Chastain was found guilty of wire fraud and money laundering, resulting in a three-month prison sentence and a $50,000 fine.
The judge granted him until November 2 to surrender himself to authorities. The appellate filing now requests that Chastain’s conviction be overturned or replaced with a new trial.
Chastain’s appeal centers on the crucial argument that the information he used for insider trading did not constitute protected property, challenging the foundation of his conviction.
The outcome of this appeal could have broader implications for the legal treatment of insider trading in the context of NFTs and digital assets.
Discover the Crypto Intelligence Blockchain Council
Elon Musk to Open-Source ChatGPT Competitor Grok
xAI CEO Elon Musk is making ChatGPT competitor Grok open-source.
The first human received an implant from @Neuralink yesterday and is recovering well.
Initial results show promising neuron spike detection.
— Elon Musk (@elonmusk) January 29, 2024
His decision comes after Musk filed a lawsuit against OpenAI, a company he co-founded, for allegedly abandoning its original non-profit mission.
Musk’s intention to open-source Grok was announced on a March 11 X post.
This move aligns with Musk’s long-standing advocacy for responsible AI development, as demonstrated by his call for a “third-party referee” in AI development at the UK’s AI Safety Summit in 2023.
See Also: Victims Lost $47M To Crypto Phishing Last Month, Fake Accounts On X To Blame
xAI’s Grok And Musk’s Vision
Elon Musk’s departure from OpenAI due to disagreements over the organization’s direction and strategy led him to launch xAI.
The launch of Grok in November 2023 further highlighted Musk’s commitment to open-source and non-profit AI initiatives.
In a November podcast with Lex Fridman, Musk criticized OpenAI’s transition from a non-profit, open-source initiative to a profit-driven, closed-source model.
Specifically, Musk is recognized for his opposition to large tech companies profiting from AI development, frequently highlighting concerns about the ethical implications of such practices.
Open-sourcing Grok will align xAI with companies like France’s Mistral, which advocates for open access to AI models.
This approach allows developers to collaborate and accelerate improvements.
Regardless, tech investors are divided on open-sourcing AI, particularly in light of Musk’s lawsuit. While some see it as a catalyst for innovation, others are worried about potential misuse.
See Also: Elon Musk Sues Sam Altman and OpenAI
Musk’s Legal Battle With OpenAI
Recently, Musk filed a lawsuit against OpenAI, claiming it breached the agreement made when OpenAI was founded as a non-profit organization.
He argued that OpenAI’s partnership with Microsoft, reportedly worth nearly $3 billion by 2023, contradicted its original mission of advancing open-source AI for the benefit of humanity.
The lawsuit urged OpenAI to return to its open-source principles and prevent the for-profit exploitation of Artificial General Intelligence (AGI) technology.
In response to the accusations, OpenAI released emails suggesting that Musk had previously agreed to transform the AI company into a for-profit entity.
This revelation came a few months after CEO Sam Altman was reinstated to the board following his five-day dismissal in November 2023.
Grok is an AI chatbot similar to OpenAI’s ChatGPT, but can access real-time information through X and tackle sensitive topics that other AI systems might avoid.
The Grok-1 large language model powers it, and while it is more advanced than GPT-3.5, Grok reportedly falls short of OpenAI’s latest GPT-4 model in overall performance.
Musk’s announcement on X has seen mostly positive responses, with many users praising his commitment to open-source AI.
One user on X suggested, “OpenAI should do the same. If they are ‘open,’ that is.”
Musk responded by stating, “OpenAI is a lie.”
OpenAI is a lie
— Elon Musk (@elonmusk) March 11, 2024
#Binance #WRITE2EARN
The post Elon Musk To Open-Source ChatGPT Competitor Grok appeared first on BitcoinWorld.
The first human received an implant from @Neuralink yesterday and is recovering well.
Initial results show promising neuron spike detection.
— Elon Musk (@elonmusk) January 29, 2024
His decision comes after Musk filed a lawsuit against OpenAI, a company he co-founded, for allegedly abandoning its original non-profit mission.
Musk’s intention to open-source Grok was announced on a March 11 X post.
This move aligns with Musk’s long-standing advocacy for responsible AI development, as demonstrated by his call for a “third-party referee” in AI development at the UK’s AI Safety Summit in 2023.
See Also: Victims Lost $47M To Crypto Phishing Last Month, Fake Accounts On X To Blame
xAI’s Grok And Musk’s Vision
Elon Musk’s departure from OpenAI due to disagreements over the organization’s direction and strategy led him to launch xAI.
The launch of Grok in November 2023 further highlighted Musk’s commitment to open-source and non-profit AI initiatives.
In a November podcast with Lex Fridman, Musk criticized OpenAI’s transition from a non-profit, open-source initiative to a profit-driven, closed-source model.
Specifically, Musk is recognized for his opposition to large tech companies profiting from AI development, frequently highlighting concerns about the ethical implications of such practices.
Open-sourcing Grok will align xAI with companies like France’s Mistral, which advocates for open access to AI models.
This approach allows developers to collaborate and accelerate improvements.
Regardless, tech investors are divided on open-sourcing AI, particularly in light of Musk’s lawsuit. While some see it as a catalyst for innovation, others are worried about potential misuse.
See Also: Elon Musk Sues Sam Altman and OpenAI
Musk’s Legal Battle With OpenAI
Recently, Musk filed a lawsuit against OpenAI, claiming it breached the agreement made when OpenAI was founded as a non-profit organization.
He argued that OpenAI’s partnership with Microsoft, reportedly worth nearly $3 billion by 2023, contradicted its original mission of advancing open-source AI for the benefit of humanity.
The lawsuit urged OpenAI to return to its open-source principles and prevent the for-profit exploitation of Artificial General Intelligence (AGI) technology.
In response to the accusations, OpenAI released emails suggesting that Musk had previously agreed to transform the AI company into a for-profit entity.
This revelation came a few months after CEO Sam Altman was reinstated to the board following his five-day dismissal in November 2023.
Grok is an AI chatbot similar to OpenAI’s ChatGPT, but can access real-time information through X and tackle sensitive topics that other AI systems might avoid.
The Grok-1 large language model powers it, and while it is more advanced than GPT-3.5, Grok reportedly falls short of OpenAI’s latest GPT-4 model in overall performance.
Musk’s announcement on X has seen mostly positive responses, with many users praising his commitment to open-source AI.
One user on X suggested, “OpenAI should do the same. If they are ‘open,’ that is.”
Musk responded by stating, “OpenAI is a lie.”
OpenAI is a lie
— Elon Musk (@elonmusk) March 11, 2024
#Binance #WRITE2EARN
The post Elon Musk To Open-Source ChatGPT Competitor Grok appeared first on BitcoinWorld.
OpenSea 2.0: Elevating NFT Experiences With Tailored Features
OpenSea, a leading NFT marketplace, is undergoing a transformative upgrade known as OpenSea 2.0. CEO Devin Finzer reveals the platform’s focus on customization for various NFT categories, enhancing user interaction. Unlike current uniform displays, the upgrade will tailor experiences, distinguishing gaming tokens from event tickets. Customized Display for Enhanced Experience OpenSea 2.0 introduces innovative features …
Continue reading "OpenSea 2.0: Elevating NFT Experiences with Tailored Features"
The post OpenSea 2.0: Elevating NFT Experiences with Tailored Features appeared first on Cryptoknowmics-Crypto News and Media Platform.
Continue reading "OpenSea 2.0: Elevating NFT Experiences with Tailored Features"
The post OpenSea 2.0: Elevating NFT Experiences with Tailored Features appeared first on Cryptoknowmics-Crypto News and Media Platform.
OpenSea Introduces a New Wallet Creation Method Using Email Addresses
SNEAK PEEK
OpenSea revolutionizes the NFT marketplace with an easy-to-use, self-custodial wallet, enabling users to create accounts using just their email.
The integration of credit and debit card support by OpenSea marks a significant move towards simplifying NFT transactions for new users.
Future enhancements from OpenSea promise to further streamline the NFT buying experience, broadening its appeal to a wider audience.
OpenSea, the leading NFT marketplace, has recently launched an innovative self-custodial wallet, simplifying the process for newcomers to the NFT space. This development marks a significant shift in user accessibility, with OpenSea integrating Privy technology to streamline the wallet creation process. Now, users can set up their wallets using just their email address, bypassing the traditional complexities such as wallet extensions, seed phrases, or crypto transfers.
With our new onboarding experience, you can create an OpenSea account with a self-custodied crypto wallet using your email in a few simple steps. pic.twitter.com/sUWlpOcVia
— OpenSea (@opensea) January 9, 2024
This new feature is a game changer for those interested in NFTs but has yet to overcome the technical barriers. OpenSea’s email-based sign-up process allows users to create a self-custodied wallet with just a few clicks, offering a more approachable entry point into the NFT world. Moreover, the wallet is versatile, supporting transactions across all nine EVM-based chains that OpenSea operates on. Users can buy, sell, transfer, and manage cryptocurrencies and NFTs directly within the platform, enhancing the overall user experience.
Additionally, OpenSea has integrated credit and debit card support, enabling more straightforward transactions. This addition is significant, as it addresses a critical barrier that previously hindered potential investors and collectors from engaging with NFTs. OpenSea’s approach to simplifying the buying and selling process is a strategic move to attract a broader audience to the NFT ecosystem.
In a recent statement on their company blog, OpenSea also hinted at future enhancements. The company is working on simplifying the checkout flow and expanding the functionality of its wallet, among other improvements. These developments indicate OpenSea’s commitment to making the NFT marketplace more accessible and user-friendly.
Launching OpenSea’s self-custodial wallet is a notable advancement in the NFT space. It represents a shift towards greater inclusivity and ease of use, potentially opening the market to a broader, more diverse range of participants. As the NFT landscape evolves, these user-centric innovations play a crucial role in shaping the future of digital asset ownership and trade.
OpenSea’s new wallet initiative is a significant step in democratizing access to the NFT market. It removes technical hurdles and makes engaging with digital assets easier for a broader audience. This move is expected to have a lasting impact on the growth and diversity of the NFT community.
The post OpenSea Introduces a New Wallet Creation Method Using Email Addresses appeared first on Today NFT News.
OpenSea revolutionizes the NFT marketplace with an easy-to-use, self-custodial wallet, enabling users to create accounts using just their email.
The integration of credit and debit card support by OpenSea marks a significant move towards simplifying NFT transactions for new users.
Future enhancements from OpenSea promise to further streamline the NFT buying experience, broadening its appeal to a wider audience.
OpenSea, the leading NFT marketplace, has recently launched an innovative self-custodial wallet, simplifying the process for newcomers to the NFT space. This development marks a significant shift in user accessibility, with OpenSea integrating Privy technology to streamline the wallet creation process. Now, users can set up their wallets using just their email address, bypassing the traditional complexities such as wallet extensions, seed phrases, or crypto transfers.
With our new onboarding experience, you can create an OpenSea account with a self-custodied crypto wallet using your email in a few simple steps. pic.twitter.com/sUWlpOcVia
— OpenSea (@opensea) January 9, 2024
This new feature is a game changer for those interested in NFTs but has yet to overcome the technical barriers. OpenSea’s email-based sign-up process allows users to create a self-custodied wallet with just a few clicks, offering a more approachable entry point into the NFT world. Moreover, the wallet is versatile, supporting transactions across all nine EVM-based chains that OpenSea operates on. Users can buy, sell, transfer, and manage cryptocurrencies and NFTs directly within the platform, enhancing the overall user experience.
Additionally, OpenSea has integrated credit and debit card support, enabling more straightforward transactions. This addition is significant, as it addresses a critical barrier that previously hindered potential investors and collectors from engaging with NFTs. OpenSea’s approach to simplifying the buying and selling process is a strategic move to attract a broader audience to the NFT ecosystem.
In a recent statement on their company blog, OpenSea also hinted at future enhancements. The company is working on simplifying the checkout flow and expanding the functionality of its wallet, among other improvements. These developments indicate OpenSea’s commitment to making the NFT marketplace more accessible and user-friendly.
Launching OpenSea’s self-custodial wallet is a notable advancement in the NFT space. It represents a shift towards greater inclusivity and ease of use, potentially opening the market to a broader, more diverse range of participants. As the NFT landscape evolves, these user-centric innovations play a crucial role in shaping the future of digital asset ownership and trade.
OpenSea’s new wallet initiative is a significant step in democratizing access to the NFT market. It removes technical hurdles and makes engaging with digital assets easier for a broader audience. This move is expected to have a lasting impact on the growth and diversity of the NFT community.
The post OpenSea Introduces a New Wallet Creation Method Using Email Addresses appeared first on Today NFT News.
Mickey Mouse Becomes the Face of a Newly Launched Memecoin
Mickey Mouse memecoin
YEREVAN (CoinChapter.com) — The Walt Disney Company’s early Mickey Mouse mascot, after entering the public domain for the first time, quickly became the most popular nonfungible token (NFT) on the OpenSea marketplace.
$MICKEY Investment Tweet. Source: X Mickey Mouse Enters Public Domain, Tops NFT Charts
On Jan. 1st, “Steamboat Willie,” the 1928 short film marking Mickey Mouse’s debut, entered the public domain as its 95-year copyright expired in the United States, allowing public access to this iconic character for the first time.
Following the copyright expiry, three NFT collections showcasing the vintage mascot dominated OpenSea’s trending list for a day. The “Steamboat Willie Public Domain 2024” collection topped the chart with around $1.2 million in trading volume, followed by “Steamboat Willie” and “Steamboat Willie’s Riverboat” in second and third places, respectively.
Mickey Mouse NFT. Source: X
The Steamboat Willie Game theoretically enhances the value of the $MICKEY token by integrating it directly into gameplay, where players spend tokens to participate. This integration boosts the token’s relevance and desirability in the best-case scenario.
As players navigate challenges with Steamboat Willie Mickey Mouse, earning points and competing for high ranks on the daily leaderboard, they can earn $MICKEY tokens as rewards.
Steamboat Willie’s MICKEY Token: Price and Market Info
Steamboat Willie uses Ethereum for its project, and its own cryptocurrency called MICKEY costs $0.003954 right now. It is down 16.69% in the last 24 hours. People can buy MICKEY on Uniswap v3 (Ethereum) and Uniswap v2.
Mickey Token Price Chart on CoinMarketCap
There are 1 billion MICKEY tokens in total. The value of all MICKEY tokens together is $3.95 million, and it ranks 3,737 on the CoinMarketCap list.
The post Mickey Mouse Becomes the Face of a Newly Launched Memecoin appeared first on CoinChapter.
YEREVAN (CoinChapter.com) — The Walt Disney Company’s early Mickey Mouse mascot, after entering the public domain for the first time, quickly became the most popular nonfungible token (NFT) on the OpenSea marketplace.
$MICKEY Investment Tweet. Source: X Mickey Mouse Enters Public Domain, Tops NFT Charts
On Jan. 1st, “Steamboat Willie,” the 1928 short film marking Mickey Mouse’s debut, entered the public domain as its 95-year copyright expired in the United States, allowing public access to this iconic character for the first time.
Following the copyright expiry, three NFT collections showcasing the vintage mascot dominated OpenSea’s trending list for a day. The “Steamboat Willie Public Domain 2024” collection topped the chart with around $1.2 million in trading volume, followed by “Steamboat Willie” and “Steamboat Willie’s Riverboat” in second and third places, respectively.
Mickey Mouse NFT. Source: X
The Steamboat Willie Game theoretically enhances the value of the $MICKEY token by integrating it directly into gameplay, where players spend tokens to participate. This integration boosts the token’s relevance and desirability in the best-case scenario.
As players navigate challenges with Steamboat Willie Mickey Mouse, earning points and competing for high ranks on the daily leaderboard, they can earn $MICKEY tokens as rewards.
Steamboat Willie’s MICKEY Token: Price and Market Info
Steamboat Willie uses Ethereum for its project, and its own cryptocurrency called MICKEY costs $0.003954 right now. It is down 16.69% in the last 24 hours. People can buy MICKEY on Uniswap v3 (Ethereum) and Uniswap v2.
Mickey Token Price Chart on CoinMarketCap
There are 1 billion MICKEY tokens in total. The value of all MICKEY tokens together is $3.95 million, and it ranks 3,737 on the CoinMarketCap list.
The post Mickey Mouse Becomes the Face of a Newly Launched Memecoin appeared first on CoinChapter.
Ripple CTO Boasts He’s “Too Smart” to Fall for Phishing Scams
Ripple CTO David Schwartz boasts that he does not fall for phishing scams.
Schwartz’s comments came in response to an X user who had been victimized by a phishing scam.
Reacting to the tweet, Schwartz asserted that such scams are common and can happen to anyone except him.
Ripple CTO David Schwartz recently boasted in an X post that he doesn’t fall victim to phishing scams. Scams have become ubiquitous on social media and increasingly sophisticated, but Schwartz says he is “too smart to fall for this kind of thing.”
It can happen to anyone. Well, except me. I'm too smart to fall for this kind of thing. https://t.co/ZXDqCHIwvI
— David "JoelKatz" Schwartz (@JoelKatz) February 5, 2024
Schwartz’s tweet came in response to an X user, Cory Doctorow, who described a recent phishing scam that stole his assets. The X user’s thread began “I wuz robbed.”
I wuz robbed. More specifically, I was tricked by a phone-phisher pretending to be my bank, and he convinced me to hand over my credit-card number, then did $8,000+ worth of fraud with it before I figured out what happened. And *then* he tried to do it again, a week later!1/ pic.twitter.com/xtlHVFufqG
— Cory Doctorow @pluralistic@mamot.fr (@doctorow) February 5, 2024
The victim explained that the attacker, probably a phone phisher, pretended to be his bank and asked him for his bank details. As he failed to recognize the scammer, he lost more than $8000 in assets. In the thread, Cory Doctorow narrated the long story of the scam, which happened over the Christmas holidays.
David Schwartz sympathized with the victim, saying “It can happen to anyone”. His comment came after the recent revelation by Ripple Co-Founder Chris Larsen that he had personally lost 213 million XRP tokens worth $112.5 million to hackers. According to his statement, the attack began with “unauthorized access” to some of his accounts.
In a previous incident, Ripple CEO Brad Garlinghouse was cloned using artificial intelligence (AI) software, scamming XRP users into sending their tokens to a “designated address” under the promise that their deposits would be doubled. In response, Garlinghouse cautioned against the spread of “deepfake scam videos.”
Earlier this year, Ripple’s CTO warned against an evolving scam scheme targeting unsuspected OpenSea users. He shared the screenshot of an email sent to one of the attacker’s targets, and emphasized that he is aware and cautious about the spread of these crimes.
The post Ripple CTO Boasts He’s “Too Smart” to Fall For Phishing Scams appeared first on Coin Edition.
Schwartz’s comments came in response to an X user who had been victimized by a phishing scam.
Reacting to the tweet, Schwartz asserted that such scams are common and can happen to anyone except him.
Ripple CTO David Schwartz recently boasted in an X post that he doesn’t fall victim to phishing scams. Scams have become ubiquitous on social media and increasingly sophisticated, but Schwartz says he is “too smart to fall for this kind of thing.”
It can happen to anyone. Well, except me. I'm too smart to fall for this kind of thing. https://t.co/ZXDqCHIwvI
— David "JoelKatz" Schwartz (@JoelKatz) February 5, 2024
Schwartz’s tweet came in response to an X user, Cory Doctorow, who described a recent phishing scam that stole his assets. The X user’s thread began “I wuz robbed.”
I wuz robbed. More specifically, I was tricked by a phone-phisher pretending to be my bank, and he convinced me to hand over my credit-card number, then did $8,000+ worth of fraud with it before I figured out what happened. And *then* he tried to do it again, a week later!1/ pic.twitter.com/xtlHVFufqG
— Cory Doctorow @pluralistic@mamot.fr (@doctorow) February 5, 2024
The victim explained that the attacker, probably a phone phisher, pretended to be his bank and asked him for his bank details. As he failed to recognize the scammer, he lost more than $8000 in assets. In the thread, Cory Doctorow narrated the long story of the scam, which happened over the Christmas holidays.
David Schwartz sympathized with the victim, saying “It can happen to anyone”. His comment came after the recent revelation by Ripple Co-Founder Chris Larsen that he had personally lost 213 million XRP tokens worth $112.5 million to hackers. According to his statement, the attack began with “unauthorized access” to some of his accounts.
In a previous incident, Ripple CEO Brad Garlinghouse was cloned using artificial intelligence (AI) software, scamming XRP users into sending their tokens to a “designated address” under the promise that their deposits would be doubled. In response, Garlinghouse cautioned against the spread of “deepfake scam videos.”
Earlier this year, Ripple’s CTO warned against an evolving scam scheme targeting unsuspected OpenSea users. He shared the screenshot of an email sent to one of the attacker’s targets, and emphasized that he is aware and cautious about the spread of these crimes.
The post Ripple CTO Boasts He’s “Too Smart” to Fall For Phishing Scams appeared first on Coin Edition.
Coachella Teams Up With OpenSea to Debut Music Festival-Themed NFTs With Real-World Perks
SNEAK PEEK
Coachella teams up with OpenSea to launch NFTs that offer real-world benefits, including VIP experiences and exclusive merchandise.
The NFT collections, hosted on the Avalanche blockchain, will be released in phases, starting with a limited edition offering VIP access and more.
This collaboration marks a significant step towards blending digital assets with tangible festival experiences, enhancing attendee engagement.
The Coachella Valley Music and Arts Festival, a pivotal event in the global music scene, has embarked on a novel partnership with OpenSea, the leading nonfungible token (NFT) marketplace. This collaboration marks a significant shift towards integrating digital assets with tangible festival experiences. Coachella is renowned for its eclectic mix of music, attracting over 645,000 attendees, and now, it aims to enhance the attendee experience through the introduction of three unique NFT collections.
Set against the backdrop of a diverse music lineup and celebrity presence, the 2024 edition of Coachella is poised to redefine festival engagement. These NFTs will serve as digital keys, unlocking exclusive on-site experiences, merchandise, and VIP access for holders. The innovation lead for Coachella, Sam Schoonover, emphasized the transformative potential of NFTs in crafting unique customer experiences that blend the digital with the physical realm.
Hosted on the Avalanche blockchain network, the NFT drops are scheduled in phases, starting on March 5, with a limited release of 1,000 NFTs. These digital tokens not only grant VIP festival passes but also provide access to the exclusive Oasis Lounge, among other perks. The subsequent releases on March 25 and mid-April will further expand the scope of privileges available to NFT holders.
OpenSea’s CEO, Devin Finzer, expressed optimism about the partnership’s ability to bridge the gap between digital and physical festival experiences. This collaboration comes at a critical time for OpenSea as it navigates through a challenging NFT market, experiencing a significant dip in sales. Nonetheless, the alliance with Coachella represents a promising venture into new domains, potentially revitalizing interest in NFTs and their practical applications in live events.
The partnership between Coachella and OpenSea signifies a pioneering move towards integrating NFT technology with real-world experiences. This venture not only enhances the festival’s appeal but also sets a precedent for the future of event ticketing and engagement, underscoring the evolving landscape of digital assets and their growing influence in mainstream domains.
The post Coachella Teams Up with OpenSea to Debut Music Festival-Themed NFTs with Real-World Perks appeared first on Today NFT News.
Coachella teams up with OpenSea to launch NFTs that offer real-world benefits, including VIP experiences and exclusive merchandise.
The NFT collections, hosted on the Avalanche blockchain, will be released in phases, starting with a limited edition offering VIP access and more.
This collaboration marks a significant step towards blending digital assets with tangible festival experiences, enhancing attendee engagement.
The Coachella Valley Music and Arts Festival, a pivotal event in the global music scene, has embarked on a novel partnership with OpenSea, the leading nonfungible token (NFT) marketplace. This collaboration marks a significant shift towards integrating digital assets with tangible festival experiences. Coachella is renowned for its eclectic mix of music, attracting over 645,000 attendees, and now, it aims to enhance the attendee experience through the introduction of three unique NFT collections.
Set against the backdrop of a diverse music lineup and celebrity presence, the 2024 edition of Coachella is poised to redefine festival engagement. These NFTs will serve as digital keys, unlocking exclusive on-site experiences, merchandise, and VIP access for holders. The innovation lead for Coachella, Sam Schoonover, emphasized the transformative potential of NFTs in crafting unique customer experiences that blend the digital with the physical realm.
Hosted on the Avalanche blockchain network, the NFT drops are scheduled in phases, starting on March 5, with a limited release of 1,000 NFTs. These digital tokens not only grant VIP festival passes but also provide access to the exclusive Oasis Lounge, among other perks. The subsequent releases on March 25 and mid-April will further expand the scope of privileges available to NFT holders.
OpenSea’s CEO, Devin Finzer, expressed optimism about the partnership’s ability to bridge the gap between digital and physical festival experiences. This collaboration comes at a critical time for OpenSea as it navigates through a challenging NFT market, experiencing a significant dip in sales. Nonetheless, the alliance with Coachella represents a promising venture into new domains, potentially revitalizing interest in NFTs and their practical applications in live events.
The partnership between Coachella and OpenSea signifies a pioneering move towards integrating NFT technology with real-world experiences. This venture not only enhances the festival’s appeal but also sets a precedent for the future of event ticketing and engagement, underscoring the evolving landscape of digital assets and their growing influence in mainstream domains.
The post Coachella Teams Up with OpenSea to Debut Music Festival-Themed NFTs with Real-World Perks appeared first on Today NFT News.
NFT market OpenSea announced that it will lay off half of its staff, and its new strategy will focus on upgrading product technology, reliability, speed, quality and user experience. Affected employees will receive four months of severance pay. OpenSea market share fell from 73% in October 2022 to 18% on November 3 this year. TheBlock reported.
Driving Cats NFT Club Drop Begins in Challenge to SHIB, BONK, PEPE and DOGE
The first phase of the Driving Cats NFT Club public sale got underway on 29 March at 8:30 AM (GMT) on OpenSea.
Cryptocurrencies like Shiba Inu (SHIB), Dogecoin (DOGE), Bonk (BONK) and Pepecoin (PEPE) have been attracting huge inflows from retail investors in recent weeks and months, amid the beginning of the bull run.
While these altcoins can deliver significant returns during the current cycle – potentially over 200% – investing in NFTs at the beginning of the drop can potentially generate even higher returns, in a much shorter period of time.
One such opportunity that has emerged is the Driving Cats NFT Club (DCNC.)
The first phase of the public sale of the Driving Cats NFT Club started today at 8:30 AM (GMT), and investors can now buy and mint their NFT from this collection.
During the first phase, each of the 999 NFTs that make up this collection will be available to buy for just 0.07 ETH (around $240).
Once the first phase of the public sale ends in late April, each NFT will be priced at 0.25 ETH – over four times its price during the first phase.
However, as the NFT collection is expected to sell out during the first phase, and as most buyers will likely hold onto their NFTs rather than trying to flip them in the secondary market, the price of each NFT could rally much higher than 0.25 ETH.
For investors who buy and mint their NFT during the first phase of the public sale, the Driving Cats NFT Club could be a great investment, potentially delivering much higher returns than if you were to invest in Shiba Inu (SHIB), Dogecoin (DOGE), Pepecoin (PEPE), or Bonk (BONK).
Discover the Crypto Intelligence Blockchain Council
Cryptocurrencies like Shiba Inu (SHIB), Dogecoin (DOGE), Bonk (BONK) and Pepecoin (PEPE) have been attracting huge inflows from retail investors in recent weeks and months, amid the beginning of the bull run.
While these altcoins can deliver significant returns during the current cycle – potentially over 200% – investing in NFTs at the beginning of the drop can potentially generate even higher returns, in a much shorter period of time.
One such opportunity that has emerged is the Driving Cats NFT Club (DCNC.)
The first phase of the public sale of the Driving Cats NFT Club started today at 8:30 AM (GMT), and investors can now buy and mint their NFT from this collection.
During the first phase, each of the 999 NFTs that make up this collection will be available to buy for just 0.07 ETH (around $240).
Once the first phase of the public sale ends in late April, each NFT will be priced at 0.25 ETH – over four times its price during the first phase.
However, as the NFT collection is expected to sell out during the first phase, and as most buyers will likely hold onto their NFTs rather than trying to flip them in the secondary market, the price of each NFT could rally much higher than 0.25 ETH.
For investors who buy and mint their NFT during the first phase of the public sale, the Driving Cats NFT Club could be a great investment, potentially delivering much higher returns than if you were to invest in Shiba Inu (SHIB), Dogecoin (DOGE), Pepecoin (PEPE), or Bonk (BONK).
Discover the Crypto Intelligence Blockchain Council
Are Open-source AI Initiatives a Rising Challenge to Tech Giants’ Dominance?
Open-source AI initiatives are becoming more prevalent in a quickly changing technological landscape, upending the dominance of big giants such as Google, Microsoft, and Amazon and changing the dynamics of the business. Against the proprietary models that Silicon Valley titans support, these initiatives—exemplified by businesses like Mistral and Hugging Face—offer a convincing substitute. The future course of AI research and its consequences for accessibility and innovation are issues that come up in the midst of this paradigm shift.
Open-source AI ventures are disrupting of tech giants’ dominance
Open-source AI projects are upending the big companies’ long-standing hegemony in the field. The field of artificial intelligence development has experienced a dramatic change since the release of ChatGPT and the ensuing acquisition frenzy spearheaded by firms like as Microsoft. Major firms are quickly consolidating personnel and resources, which might hinder innovation and restrict access to cutting-edge technology.The rise of open-source substitutes, however, poses a serious threat to the established quo.
Even though established tech companies still have a lot of power over how AI is developed, more open and inclusive approaches might be gaining ground. Businesses and developers around the world are taking notice of and supporting Mistral and Hugging Face and their efforts to democratize AI technology. These projects are creating equal opportunities and enabling people to use AI for a variety of purposes by providing open access to models and tools for the technology.
Democratizing access and fostering innovation
Open-source AI projects also are also a key factor towards a change of openness, cooperation, and creativity. Contrary to proprietary approaches that prioritize profit over accessibility, companies like Mistral and Hugging Face are committed to making AI technology openly available to everyone. In addition to removing obstacles to entry for business owners, this democratization of access encourages innovation and customization.
Through the adoption of open-source principles, these programs enable anyone to investigate the internal workings of artificial intelligence systems, pinpoint opportunities for enhancement, and participate in continuous development initiatives. Also, the cooperative character of open-source communities fosters group problem-solving and knowledge exchange, which propels the quick development of AI technology. Because of this, the performance, dependability, and adaptability of open-source AI models may eventually outperform those of closed-source models.
Will open-source AI projects be able to challenge the dominance of tech giants and reshape the direction of AI development? is an issue that remains prominent in the ongoing discussion about the future of AI. Open-source AI is gaining momentum, which promises a more positive future, despite critics who may question the feasibility of such initiatives in the face of institutional obstacles and vested interests. These projects have the ability to democratize access to AI technology and spur previously unheard-of levels of innovation because they value inclusion, transparency, and teamwork. A more just and dynamic future appears to be beckoning with the emergence of open-source AI in a world increasingly dominated by proprietary models and closed systems.
Open-source AI ventures are disrupting of tech giants’ dominance
Open-source AI projects are upending the big companies’ long-standing hegemony in the field. The field of artificial intelligence development has experienced a dramatic change since the release of ChatGPT and the ensuing acquisition frenzy spearheaded by firms like as Microsoft. Major firms are quickly consolidating personnel and resources, which might hinder innovation and restrict access to cutting-edge technology.The rise of open-source substitutes, however, poses a serious threat to the established quo.
Even though established tech companies still have a lot of power over how AI is developed, more open and inclusive approaches might be gaining ground. Businesses and developers around the world are taking notice of and supporting Mistral and Hugging Face and their efforts to democratize AI technology. These projects are creating equal opportunities and enabling people to use AI for a variety of purposes by providing open access to models and tools for the technology.
Democratizing access and fostering innovation
Open-source AI projects also are also a key factor towards a change of openness, cooperation, and creativity. Contrary to proprietary approaches that prioritize profit over accessibility, companies like Mistral and Hugging Face are committed to making AI technology openly available to everyone. In addition to removing obstacles to entry for business owners, this democratization of access encourages innovation and customization.
Through the adoption of open-source principles, these programs enable anyone to investigate the internal workings of artificial intelligence systems, pinpoint opportunities for enhancement, and participate in continuous development initiatives. Also, the cooperative character of open-source communities fosters group problem-solving and knowledge exchange, which propels the quick development of AI technology. Because of this, the performance, dependability, and adaptability of open-source AI models may eventually outperform those of closed-source models.
Will open-source AI projects be able to challenge the dominance of tech giants and reshape the direction of AI development? is an issue that remains prominent in the ongoing discussion about the future of AI. Open-source AI is gaining momentum, which promises a more positive future, despite critics who may question the feasibility of such initiatives in the face of institutional obstacles and vested interests. These projects have the ability to democratize access to AI technology and spur previously unheard-of levels of innovation because they value inclusion, transparency, and teamwork. A more just and dynamic future appears to be beckoning with the emergence of open-source AI in a world increasingly dominated by proprietary models and closed systems.
Exciting news! #Flux is pleased to announce an open beta for our new SSP product. We are looking for 100 Android and 100 IOS users for our open beta. This will be a first come first served so be sure to be on time. The open beta will go live on January 13th at 10am EST. Join us and provide valuable feedback to help improve the user experience. We will be posting the official open beta store links with the instructions on January 13th so be ready to pounce. is live with the countdown to our official launch. Please join our discord in channel #SSP if you are looking to participate.
OpenSea CEO Devin Finzer Plays Down Bitcoin As a Major Option for NFTs
Quick take:
OpenSea has been overtaken by the likes of Blur, OKX NFT and Magic Eden in terms of transaction volume generated over the past 30 days.
But Finzer argues the new marketplaces have incentivised traders by issuing their own tokens, thus boosting transaction volumes.
Finzer also thinks Ethereum will still continue to be the preferred blockchain for NFTs because of its relatively more cost-effective layer-2s.
The non-fungible token (NFT) market experienced a significant slowdown during 2023, with total sales volume down 63% to about $8.7 billion according to a Bloomberg report citing data from CryptoSlam.
However, based on the transaction volumes of the final quarter of 2023 and the last 30 days, the industry is now beginning to bounce back. After registering a transaction volume of about $918 million between October and November 2023, NFT sales shot to $1.775 billion in December.
Source: CryptoSlam.io
The data also shows that over the past 30 days, the NFT industry registered a transaction volume of more than $1.5 billion, with Bitcoin the leading blockchain over the same period.
The Bitcoin blockchain witnessed a transaction volume of $692 million, which is more than double Ethereum’s $320 million.
Source: cryptoSlam.io
Yet, OpenSea co-founder and CEO Devin Finzer believes Ethereum is the NFT blockchain of choice, despite the growing popularity of Ordinals and Solana NFTs.
According to Finzer, Layer-2s have made transactions on the Ethereum blockchain faster and cheaper, allowing the platform to be more suitable for building a diverse type of applications. “I really do think that the sorts of applications that you can build on Bitcoin will probably be limited to art-type use cases as opposed to more diverse stuff,” Finzer told Bloomberg in an Interview.
Finzer also seems unfazed by the fact his company, which was at one point the biggest NFT marketplace with a valuation of $13.3 billion has fallen below the likes of Blur and OKX NFT.
According to a DappRadar report cited by Bloomberg, Blur witnessed a transaction volume of $623.7 million in the past 30 days, while the OKX NFT marketplace had 538.6 million. On the other hand, OpenSea, which had a lower transaction volume than Magic Eden’s $211.9 million witnessed just $111.1 million.
Finzer thinks “trading volume can be a little misleading at times” especially because some marketplaces have incentivised traders by using their own token as a reward.
Finzer and his team are now working on OpenSea 2.0, an upgraded marketplace that lists NFTs based on use cases, including NFT tickets. “We really want to have a marketplace interface that can be better customized to suit each type of use case,” he said.
****
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The post OpenSea CEO Devin Finzer Plays Down Bitcoin as a Major Option for NFTs appeared first on NFTgators .
OpenSea has been overtaken by the likes of Blur, OKX NFT and Magic Eden in terms of transaction volume generated over the past 30 days.
But Finzer argues the new marketplaces have incentivised traders by issuing their own tokens, thus boosting transaction volumes.
Finzer also thinks Ethereum will still continue to be the preferred blockchain for NFTs because of its relatively more cost-effective layer-2s.
The non-fungible token (NFT) market experienced a significant slowdown during 2023, with total sales volume down 63% to about $8.7 billion according to a Bloomberg report citing data from CryptoSlam.
However, based on the transaction volumes of the final quarter of 2023 and the last 30 days, the industry is now beginning to bounce back. After registering a transaction volume of about $918 million between October and November 2023, NFT sales shot to $1.775 billion in December.
Source: CryptoSlam.io
The data also shows that over the past 30 days, the NFT industry registered a transaction volume of more than $1.5 billion, with Bitcoin the leading blockchain over the same period.
The Bitcoin blockchain witnessed a transaction volume of $692 million, which is more than double Ethereum’s $320 million.
Source: cryptoSlam.io
Yet, OpenSea co-founder and CEO Devin Finzer believes Ethereum is the NFT blockchain of choice, despite the growing popularity of Ordinals and Solana NFTs.
According to Finzer, Layer-2s have made transactions on the Ethereum blockchain faster and cheaper, allowing the platform to be more suitable for building a diverse type of applications. “I really do think that the sorts of applications that you can build on Bitcoin will probably be limited to art-type use cases as opposed to more diverse stuff,” Finzer told Bloomberg in an Interview.
Finzer also seems unfazed by the fact his company, which was at one point the biggest NFT marketplace with a valuation of $13.3 billion has fallen below the likes of Blur and OKX NFT.
According to a DappRadar report cited by Bloomberg, Blur witnessed a transaction volume of $623.7 million in the past 30 days, while the OKX NFT marketplace had 538.6 million. On the other hand, OpenSea, which had a lower transaction volume than Magic Eden’s $211.9 million witnessed just $111.1 million.
Finzer thinks “trading volume can be a little misleading at times” especially because some marketplaces have incentivised traders by using their own token as a reward.
Finzer and his team are now working on OpenSea 2.0, an upgraded marketplace that lists NFTs based on use cases, including NFT tickets. “We really want to have a marketplace interface that can be better customized to suit each type of use case,” he said.
****
Stay up to date:
Subscribe to our newsletter using this link – we won’t spam!
Google News
Telegram
TikTok
The post OpenSea CEO Devin Finzer Plays Down Bitcoin as a Major Option for NFTs appeared first on NFTgators .
Bitcoin Leads Charge As Weekly NFT Sales Skyrocket to Over $423m
The Bitcoin (BTC) network registered the most non-fungible token (NFT) sales in the past week, as overall transactions totaled a staggering $423,004,860.
The sales mark an increase of more than 32% compared to the preceding week and signifies the third consecutive week of robust growth in the NFT market.
According to data compiled by Cryptoslam.io, Bitcoin emerged as the dominant force in NFT transactions, leading the charge with $160.37 million in sales, representing a remarkable surge of 80.45%.
Ethereum (ETH) closely trailed behind, with $159.64 million in transactions, marking a respectable 14.41% uptick in ETH-based NFT sales.
Other notable blockchains, including Solana (SOL), BNB Chain (BNB), and Mythos Chain (MYTH), also experienced substantial growth in NFT sales during this period.
Cryptoslam’s data shows Solana raked in about $65.129 million in weekly sales, with BNB Chain and Mythos ending the seven days with $9.019 million and $7.7 million in sales, respectively.
Of the chains, Bitcoin also registered the highest uptick in wash trading, with the $465k made through the practice representing a nearly 2600% increase from the previous week.
Blockchains by NFT sales volume | Source: Cryptoslam
The week’s top-grossing NFT collections were led by Bitcoin’s Uncategorized Ordinals, raking in an impressive $41,210,717 in sales, marking a substantial 157.74% increase from the previous week.
Following closely was the NodeMonkes collection, which achieved $35,128,917 in transactions. These leading collections were trailed by Pandora, Creepz, and $NATCATS, rounding out the top five NFT collections by sales volume.
NFT collection rankings by sales volume | Source: Cryptoslam
You might also like: Bitcoin NFTs cross $100m trading volume on Magic Eden in February
The surge in NFT sales also saw some remarkable individual transactions across various blockchains. On the Bitcoin blockchain, the NFT “Burgie” fetched an astonishing $1.44 million, while a Solana-based NFT titled “Composable Restaking Position” changed hands for $1.1 million.
Ethereum’s “Lif3 v3 Position” NFT commanded $597,800, and a BNB Chain “Lockdeal” NFT was acquired for $416,504. Additionally, a Polygon “Dfyn” NFT was sold for $100,000, reflecting the diversity and value of NFTs across different platforms.
Over the last week, the number of NFT buyers also increased, with Cryptoslam’s data showing a 40.5% increase, juxtaposed with a 2.47% drop in the total number of NFT transactions in the period.
However, amidst this surge in NFT sales, popular marketplace Opensea faced a significant downturn in February.
OpenSea monthly NFTs sold | Source: Dune Analytics
Data from the analytics platform Dune show that sales on OpenSea decreased substantially, with only 33% of the total NFT sales in February, the lowest figure since May last year. Active users on the platform also declined, with only 103,000 users making at least one sale in February.
Read more: Bitcoin surge 2024: factors driving record highs and future predictions
The sales mark an increase of more than 32% compared to the preceding week and signifies the third consecutive week of robust growth in the NFT market.
According to data compiled by Cryptoslam.io, Bitcoin emerged as the dominant force in NFT transactions, leading the charge with $160.37 million in sales, representing a remarkable surge of 80.45%.
Ethereum (ETH) closely trailed behind, with $159.64 million in transactions, marking a respectable 14.41% uptick in ETH-based NFT sales.
Other notable blockchains, including Solana (SOL), BNB Chain (BNB), and Mythos Chain (MYTH), also experienced substantial growth in NFT sales during this period.
Cryptoslam’s data shows Solana raked in about $65.129 million in weekly sales, with BNB Chain and Mythos ending the seven days with $9.019 million and $7.7 million in sales, respectively.
Of the chains, Bitcoin also registered the highest uptick in wash trading, with the $465k made through the practice representing a nearly 2600% increase from the previous week.
Blockchains by NFT sales volume | Source: Cryptoslam
The week’s top-grossing NFT collections were led by Bitcoin’s Uncategorized Ordinals, raking in an impressive $41,210,717 in sales, marking a substantial 157.74% increase from the previous week.
Following closely was the NodeMonkes collection, which achieved $35,128,917 in transactions. These leading collections were trailed by Pandora, Creepz, and $NATCATS, rounding out the top five NFT collections by sales volume.
NFT collection rankings by sales volume | Source: Cryptoslam
You might also like: Bitcoin NFTs cross $100m trading volume on Magic Eden in February
The surge in NFT sales also saw some remarkable individual transactions across various blockchains. On the Bitcoin blockchain, the NFT “Burgie” fetched an astonishing $1.44 million, while a Solana-based NFT titled “Composable Restaking Position” changed hands for $1.1 million.
Ethereum’s “Lif3 v3 Position” NFT commanded $597,800, and a BNB Chain “Lockdeal” NFT was acquired for $416,504. Additionally, a Polygon “Dfyn” NFT was sold for $100,000, reflecting the diversity and value of NFTs across different platforms.
Over the last week, the number of NFT buyers also increased, with Cryptoslam’s data showing a 40.5% increase, juxtaposed with a 2.47% drop in the total number of NFT transactions in the period.
However, amidst this surge in NFT sales, popular marketplace Opensea faced a significant downturn in February.
OpenSea monthly NFTs sold | Source: Dune Analytics
Data from the analytics platform Dune show that sales on OpenSea decreased substantially, with only 33% of the total NFT sales in February, the lowest figure since May last year. Active users on the platform also declined, with only 103,000 users making at least one sale in February.
Read more: Bitcoin surge 2024: factors driving record highs and future predictions
Coachella Partners With OpenSea to Launch Exclusive NFT Collections for 2024 Festival
The Coachella Valley Music and Arts Festival, one of the world’s largest music events, has announced a collaboration with OpenSea, a leading nonfungible token (NFT) marketplace, to launch digital keepsakes with real-world applications for its 2024 edition. The festival plans to release three distinct NFT collections that will offer holders access to exclusive experiences and merchandise. This move aims to enhance the festival-goer experience by blending the physical with the digital through innovative Web3 technologies.
Exclusive Benefits for NFT Holders at Coachella 2024
The NFTs, to be hosted on the Avalanche blockchain, are scheduled for release in three phases, with the initial drop featuring 1,000 NFTs granting VIP access, among other benefits. Coachella’s innovation lead, Sam Schoonover, highlighted the initiative as a step towards a future where ownership of digital tokens allows for a more personalized event experience. The collaboration represents a notable effort to integrate NFT utility within mainstream events, bringing a unique blend of collectible artwork and tangible festival perks to attendees.
This partnership comes at a time when OpenSea is navigating a challenging NFT market, with sales hitting a three-year low. Despite these conditions, the collaboration with Coachella marks a strategic push to explore new applications for NFTs beyond mere collectibility, aiming to enhance the live event experience. Previously, Coachella had ventured into the NFT space with FTX in 2022, offering collectibles that included lifetime festival passes. Despite setbacks from FTX’s collapse, the festival continues to explore the potential of NFTs, working to ensure the benefits of previous NFT holders are honored.
OpenSea’s CEO, Devin Finzer, sees the partnership as a milestone for combining digital and physical experiences, potentially setting new standards for the event and ticketing industry. The Coachella-OpenSea collaboration signifies an innovative approach to leveraging blockchain technology for enriching the festival experience, marrying the excitement of live events with the burgeoning world of digital assets.
Exclusive Benefits for NFT Holders at Coachella 2024
The NFTs, to be hosted on the Avalanche blockchain, are scheduled for release in three phases, with the initial drop featuring 1,000 NFTs granting VIP access, among other benefits. Coachella’s innovation lead, Sam Schoonover, highlighted the initiative as a step towards a future where ownership of digital tokens allows for a more personalized event experience. The collaboration represents a notable effort to integrate NFT utility within mainstream events, bringing a unique blend of collectible artwork and tangible festival perks to attendees.
This partnership comes at a time when OpenSea is navigating a challenging NFT market, with sales hitting a three-year low. Despite these conditions, the collaboration with Coachella marks a strategic push to explore new applications for NFTs beyond mere collectibility, aiming to enhance the live event experience. Previously, Coachella had ventured into the NFT space with FTX in 2022, offering collectibles that included lifetime festival passes. Despite setbacks from FTX’s collapse, the festival continues to explore the potential of NFTs, working to ensure the benefits of previous NFT holders are honored.
OpenSea’s CEO, Devin Finzer, sees the partnership as a milestone for combining digital and physical experiences, potentially setting new standards for the event and ticketing industry. The Coachella-OpenSea collaboration signifies an innovative approach to leveraging blockchain technology for enriching the festival experience, marrying the excitement of live events with the burgeoning world of digital assets.
OpenSea 2.0 Aims to Elevate NFT Marketplace Experience
CEO Devin Finzer has said that this update is an effort to improve the user experience.
An adaptable marketplace interface to different use cases is what OpenSea is eyeing.
A major NFT marketplace, OpenSea, is working on an update to its platform called OpenSea 2.0. In light of the fact that NFT categories are always evolving in response to new use cases, CEO Devin Finzer has said that this update is an effort to improve the user experience and set them apart.
So far, OpenSea and similar platforms treat all NFTs the same way, whether they’re for games or events. A more adaptable marketplace interface to different use cases is what Finzer is really hoping to achieve.
Revamped Interface
The improvement is being worked on by OpenSea and will include the ability to organize ticket NFTs by date and show them on a calendar. This will allow for a more personalized experience. As rival professional trading platforms such as Blur and Tensor continue to gain traction, OpenSea has decided to update its own pro trading platform in an effort to attract more users.
Thanks to the revamped interface, users will have no trouble moving between the collection view and the advanced view. Furthermore, in response to widespread security concerns, OpenSea has enhanced its ability to identify fraudulent NFT collections and malicious URLs.
Despite Finzer’s silence on the subject of NFT creators’ required royalties being terminated, he failed to reveal if OpenSea intends to reinstate such a scheme at a later date.
In terms of new developments, Finzer pointed out that NFTs are becoming more popular on the Solana blockchain and that Ordinals, which are similar to NFTs but on the Bitcoin blockchain, are becoming more popular. Regardless of these tendencies, he is still bullish about Ethereum’s prospects as the NFT blockchain of choice, thanks to the layer-2 chains that allow for faster and cheaper transactions.
An adaptable marketplace interface to different use cases is what OpenSea is eyeing.
A major NFT marketplace, OpenSea, is working on an update to its platform called OpenSea 2.0. In light of the fact that NFT categories are always evolving in response to new use cases, CEO Devin Finzer has said that this update is an effort to improve the user experience and set them apart.
So far, OpenSea and similar platforms treat all NFTs the same way, whether they’re for games or events. A more adaptable marketplace interface to different use cases is what Finzer is really hoping to achieve.
Revamped Interface
The improvement is being worked on by OpenSea and will include the ability to organize ticket NFTs by date and show them on a calendar. This will allow for a more personalized experience. As rival professional trading platforms such as Blur and Tensor continue to gain traction, OpenSea has decided to update its own pro trading platform in an effort to attract more users.
Thanks to the revamped interface, users will have no trouble moving between the collection view and the advanced view. Furthermore, in response to widespread security concerns, OpenSea has enhanced its ability to identify fraudulent NFT collections and malicious URLs.
Despite Finzer’s silence on the subject of NFT creators’ required royalties being terminated, he failed to reveal if OpenSea intends to reinstate such a scheme at a later date.
In terms of new developments, Finzer pointed out that NFTs are becoming more popular on the Solana blockchain and that Ordinals, which are similar to NFTs but on the Bitcoin blockchain, are becoming more popular. Regardless of these tendencies, he is still bullish about Ethereum’s prospects as the NFT blockchain of choice, thanks to the layer-2 chains that allow for faster and cheaper transactions.
Cool Cats NFT Floor Price Surpasses 1 ETH, Experiences 71% Increase in 24 Hours
According to Foresight News, data from OpenSea reveals that the floor price of Cool Cats NFT has broken through 1 ETH, currently standing at 1.1898 ETH. This represents a 71% increase in value within the past 24 hours.
Blur NFT Marketplace Emerges As Dominant Force, Overtaking OpenSea: What It Means for the Crypto ...
In a fascinating turn of events within the crypto sphere, the rise of the Blur NFT marketplace has signaled a significant power shift, eclipsing the once-dominant OpenSea and altering the dynamics of the burgeoning non-fungible tokens (NFTs) landscape. This transformative shift not only underscores the evolving trends but also hints at the potential future trajectory of digital asset markets.·
For the full story, head over to TheCurrencyAnalytics.com.
For the full story, head over to TheCurrencyAnalytics.com.