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Category: blockchains – Page 15

Web3 and blockchain technology: How digital asset ownership is flipping the current business model on its head

Lately, there’s been no shortage of talk about the transition to Web3, a new digital frontier powered by blockchain and accessible via decentralized applications (dapps). But while many of the products created thus far are groundbreaking — offering verifiable digital ownership and access to new financial instruments — they still haven’t managed to galvanize mainstream adoption yet.

To reach critical mass, the blockchain industry needs to ensure that platforms and services are easy to use as their current-gen counterparts. ## **We aren’t there yet**

The current landscape of the internet is still very much grounded in Web2 architecture. While users can access a range of services, each requires its own unique username and password and third-party platforms are typically still needed to process payments. While this model has ostensibly worked well enough for the past two decades, it’s been mired by the centralized control of big tech companies, which thrive on selling user data.

Power to the Players

Walter Lynsdalein russia they aren’t even respecting traditional IP laws, “ok you can copy western IP as a sanctions workaround”. I doubt they’ll respect NFTs. there’s a broader issue than “distributed vs centralised”.

The only way to really own something is to kee… See more.

Csaba HoffmannJust a couple of months now and we will see how it compares to the “legacy” system.

Elon talks about x-risks and making us a multi-planetary species, amongst other things.

NFTs Are Legally Problematic ft. Steve Mould & Coffeezilla

Ah, NFT’S. I genuinely am not sure how I feel or think about them, though I DEFINITELY lean towards an annoyed 🤔MEH🙄.

What I DO know is that this is a great, brief look at the legal aspects of the issues surrounding it and the thing itself.

Thoughts?

NFTs: legal nonsense? 🚀 Get access to the exclusive companion video! — For a LIMITED TIME get CuriosityStream & Nebula for 26% OFF! https://legaleagle.link/curiositystream.
And see my collaboration with Steve Mould! https://youtu.be/IZaTd0hDtkI

Welcome back to LegalEagle. The most avian legal analysis on the internets.

Continue reading “NFTs Are Legally Problematic ft. Steve Mould & Coffeezilla” | >

BlackRock launches a blockchain ETF that offers a ‘gradual entry point’ into the tech — and the opportunity for exponential growth, says top iShares exec

BlackRock announced on Wednesday its new iShares Blockchain and Tech ETF (IBLC), which allows investors to gain exposure to the blockchain sector without any direct investments in cryptocurrencies.

The exchange-traded fund tracks US and international companies involved in the “development, innovation, and utilization of blockchain and crypto technologies,” BlackRock said. Currently, the fund has over $4.7 million in net assets across 34 holdings, excluding cash positions and derivative exposures.

The ETF is a “gradual entry point into the blockchain ecosystem” and includes holdings like crypto exchanges, crypto miners, and underlying technologies, said Rachel Aguirre, BlackRock’s head of US iShares product, at a Wednesday panel event.

Somnium Space is an immersive virtual world where players can go kayaking and visit NFT museums. Here’s an inside look at how the world almost had me sold on the metaverse vision — if only it hadn’t been plagued with tech issues

Meetups occur every day at 10 p.m. Central European Time. Users gather in Somnium Space’s city center, known as City Plaza, which is next to Somnium’s virtual headquarters. Events there include open-mic nights, concerts, and developer meetups.

Making money in Somnium Space

Somnium Space isn’t all socialization. Many players are making money by creating and selling NFT avatars.

FBI warning: These hackers are targeting developers and DevOps teams to break into crypto firms

The US government has detailed how North Korean state-sponsored attackers have been hacking cryptocurrency firms using phishing, malware and exploits to steal funds and initiate fraudulent blockchain transactions.

The Federal Bureau of Investigation (FBI), the Cybersecurity and Infrastructure Security Agency (CISA), and the U.S. Treasury Department (Treasury) have issued a joint cybersecurity advisory to warn all businesses in cryptocurrency to watch out for attacks from North Korean state-sponsored hackers.

Mastercard filed 15 crypto and metaverse-related trademark applications. Here’s a look at what the company may have in the works

Payments company Mastercard has applied for at least 15 crypto-and metaverse-related trademarks, according to data from the United States Patent and Trademark Office payments giant Mastercard filed 15 cryptocurrency, metaverse and NFT related trademark applications on April 4th.

Mastercard’s applications include trademarks for virtual cards and payments in the metaverse, an application to create NFTs, an NFT marketplace, as well as a marketplace for crypto assets in general.

“Provision of an online marketplace for buyers and sellers of downloadable digital goods and media authenticated by non-fungible tokens (NFTs),” one of Mastercard’s applications, serial number 97,346,029, read.

Metaverse Will Be Most Popular Place to Buy, Trade, Store Cryptocurrency, Survey Shows

The metaverse will become the most popular place to buy, sell, and trade cryptocurrency, according to a recent survey. In addition, 70% of respondents agreed that “cryptocurrency and blockchain technology advancements will be critical to shaping the future of the metaverse.”

Survey: Metaverse Will Be the Most Popular Place for Crypto

Nasdaq-listed Agora (NASDAQ: API), a video, voice, and live interactive streaming platform, conducted a survey on the metaverse and published the results Tuesday.

Is Crypto Re-Creating the 2008 Financial Crisis?

What follows is one of the most fascinating and eye-opening conversations I’ve had about crypto. We cover America’s casino mindset, the echoes of the financial crisis she’s sensing right now, how to regulate crypto, and how to innovate without exploiting others. Allen offers a lacerating but level-headed criticism of the space that is well worth your time.

Charlie Warzel: Your essay is about DeFi, or decentralized finance. Like a lot of terminology in the crypto space, DeFi is pretty broad and vague but also very much accepted in the lexicon. How do you define it?

Hilary J. Allen: Like any evolving space, the terminology is hard to pin down. People inside the crypto world have different definitions for DeFi and would probably argue with mine. But the way I think of DeFi is as a way to describe any analogue of traditional financial-service transactions—loans, deposits, etc.—that are provided using technological tools like the blockchain or facilitated through smart contracts or stablecoins. The technology is what is different, but the financial transactions are very much similar to traditional finance.

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