Category: NFT

The Future of NFTs in the World of Web 3.0

The following content is sponsored by

The Future of NFTs in the World of Web 3.0

NFTs took the world by storm in 2021, bringing forth a digital art revolution while becoming one of the fastest growing asset classes of the year.

The technology of non-fungible tokens has enabled artists to offer digital originals without relying on middlemen, all while being able to receive royalties on secondary sales of their work. But this use-case is just the beginning of the functionality non-fungible tokens bring to the blossoming world of web 3.0.

This graphic sponsored by showcases the evolving utility of NFTs, and how they are already building communities, enabling unique and tradeable game assets, and laying the foundations for ownership and identity in the metaverse.

How NFTs are Revolutionizing Digital Ownership Today

NFTs provide a complete history and proof of ownership for digital assets or any other asset that is represented by a non-fungible token. This functionality enables the creation of unique digital assets and items that anyone can buy or sell freely on an open marketplace.

Today NFTs have already evolved to provide further utility across a variety of industries:

  • Keys to digital communities
  • Tradeable game assets
  • Ownership of your username and assets in the metaverse

As the online world shifts from web 2.0 to web 3.0, NFTs are building the foundations of digital communities, economies, and assets.

1. NFTs as Keys to Online Communities and Events

One of the first evolutions in NFT use-cases came (Read more...)

NFT 2.0: Creating Real Value with Sterling Campbell of Minotaur

This post is by MPD from @MPD - Medium

On this week’s episode I chat with Sterling Campbell, CEO of Minotaur. Minotaur is a web3 platform that helps people and brands launch NFT projects. There are a lot of steps — including a fair bit of technology — required to take an NFT launch from concept to launch. Minotaur’s tech-enabled service does all of this. As they put it, they “bring together artists, blockchain engineers and community managers to build successful NFT projects that can scale.”

Sterling has been in NFTs since 2017, which for this space is a long time, so he’s been around the block a few times and learned a bunch of stuff.

If you are still scratching your head when you hear about NFT, well he breaks it down pretty well in this conversation.

He also dives into what’s wrong with the industry right now and how he is hoping for a transition to what he calls NFTs 2.0, where NFTs flip from their focus on providing membership access to being technically more integrated as a method for adding value to communities.

Sterling is the right guy for this space — he has lived at the nexus of media, entertainment and business. And as far as being in a risky space — that’s not really an issue. He tells us about the time his parachute didn’t open while sky diving.

Oh yeah…and if that wasn’t enough…he’s a DJ that toured with the likes of Lil John and T-Pain. Enjoy the conversation.

**Note** I’m an investor in the company.

Show Links:

Why we’re leading alternative investment app, Koia’s, $1.4M pre-seed round

This post is by Natasha Lytton from Seedcamp

Alternative investments and being able to own a piece of something you love is very much at the forefront of conversation and yet, the ability to understand – or access – them still feels off-limits for the majority of people. That’s why we’re delighted to back Iris, Richard, and Ben as they launch Koia, on a mission to make alternative assets accessible to anyone via fractional ownership.

Koia co-founders Ben Riazy, Richard Draper, and Iris ten Teije

Koia allows users to invest in assets they understand and are truly passionate about, breaking down existing barriers to entry and enabling more than the wealthiest 1% to own a piece of an iconic asset; be it a watch, fine wine, or a Pokemon Card. In time, their vision is to be able to fractionalise any kind of physical or digital asset so we can all own a piece of something we love.

Our investment in Koia comes at a time when interest in collectibles is at an all-time high, with 2021 seeing record-breaking sales across everything from sneakers to trading cards and whisky. Auction houses tripled their sales in the first half of the year while companies selling physical collectibles, such as a StockX, reached multi-billion valuations and NFTs surpassed $40Bn in sales.

Koia co-founders Iris ten Teije, Richard Draper and Ben Riazy have spent their careers across traditional financial services and fintechs. The team believes that the democratization of financial services has only just begun and that by leveraging blockchain (Read more...)

Mapped: Top Trending Searches of 2021 in Every U.S. State

This post is by Anshool Deshmukh from Visual Capitalist

The Trending Searches in 2021

Google’s data editor Simon Rogers once said, “You’re never as honest as you are with your search engine. You get a sense of what people genuinely care about and genuinely want to know.”

This look at trending searches for every U.S. state is a window into the topics people were truly curious about in 2021. From political tensions to meme stocks, and from Elon Musk to a devastating tornado, we saw a wide range of trending searches throughout the year.

In the above animated video, Reddit user u/V1Analytics pulls together the top trending search terms from Google’s 2021 Year in Search summary (for the period before mid-November 2021) and Google’s Daily Search Trends page (from mid-November to December 20th) to illustrate the daily trends for each state.

It’s fascinating to see what Americans were looking up this year.

Trending Searches Offer a Glimpse of American Psyche

In the year when COVID-19 vaccines became widely available, many Americans turned to the world’s most popular search engine to figure out how to come back to a life of normalcy.

In 2021, the search entries spoke to people’s interest in alternative assets like cryptocurrencies and NFTs, as well as persistent economic insecurity, evidenced by questions about when they would get their stimulus checks.

Entertainers and billionaires trended throughout the year, and so did topics of significant cultural impact at those moments in time.

Here is a look at the trending searches of 2021 and when (Read more...)

A Visual Guide to Profile Picture NFTs

This post is by Marcus Lu from Visual Capitalist

Profile picture NFTs

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A Visual Guide to Profile Picture NFTs

How do you represent yourself on social media? For most people it’s a selfie, a photo with their friends, or a picture of their pet—but what about a digitally-created character?

Profile picture NFTs are pieces of digital artwork that people use to express themselves online. Each item is a depiction of a character’s face, and has a unique mix of attributes that gives it a sense of collectability.

Like other NFTs, they’re secured on a blockchain and can be bought and sold for cryptocurrency. And while there’s nothing to stop you from screenshotting an NFT and using it for your own profile, the market for these items continues to grow.

To learn more, this infographic explains how three well-known profile picture NFT collections were created.


CryptoPunks are commonly regarded as one of the first examples of NFTs. The collection consists of 10,000 unique “punks” and was released in 2017 by Larva Labs.

One interesting fact is that these NFTs were originally given out for free—today, they (Read more...)

What are NFTs? Mapping the NFT Ecosystem

The following content is sponsored by Next Decentrum

What are NFTs? The NFT Ecosystem, Explained

Mapping the NFT Ecosystem

NFTs have been the hottest topic and frothiest market of 2021, with sales volumes increasing by 100x while also becoming a topic of discussion on evening talk shows.

It took crypto nearly a decade to really penetrate the mainstream, but NFTs only needed a couple of years to capture people’s attention. As brands like Budweiser, Visa, and Adidas have purchased NFTs and entered the space, it’s clear that NFTs are more than just another hot new trend.

This infographic sponsored by Next Decentrum defines NFTs and explores the flourishing ecosystem that has quickly grown around them. Discover what non-fungible means, where NFTs are being minted and traded, and what the future holds for this asset class.

What are NFTs, and What is Fungibility?

NFTs are non-fungible tokens that have their history of ownership and current ownership cryptographically secured on a blockchain. These tokens can represent anything, whether it’s a piece of digital art in the form of a jpeg or a song as an mp3 file.

By storing transactions of these tokens on a blockchain, we can have digital proof of ownership and markets for these digital goods without the fear of double spending or the tampering of past transactions and ownership.

Figuring out Fungibility

This all sounds pretty similar to cryptocurrencies, so what makes NFTs so special? Their non-fungibility. Unlike cryptocurrencies like bitcoin or ethereum, non-fungible tokens represent goods or assets with unique properties and attributes, (Read more...)

Sorare raises $680 million for its fantasy sports NFT game

French startup Sorare has announced that it has raised a significant funding round. SoftBank's Vision Fund 2 has led a $680 million Series B round, which values the company at $4.3 billion.

Sorare has built a fantasty football (soccer) platform based on NFTs, or non-fungible tokens. Each digital card is registered as a unique token on the Ethereum blockchain. Players can buy and sell cards from other players. Transactions are all recorded on the Ethereum blockchain.

What makes Sorare unique is that it has partnered with 180 football organizations, including some of the most famous clubs in Europe, such as Real Madrid, Liverpool and Juventus. It creates a barrier to entry for other companies in the space.

With today’s funding round, the company plans to expand to new sports, open an office in the U.S., hire more people and invest in marketing campaigns. You can expect more partnership announcements with professional sports organizations in the future.

In addition to SoftBank's Vision Fund team, Atomico, Bessemer Ventures, D1 Capital, Eurazeo, IVP and Liontree are also participating in the round. Some of the startup’s existing investors are also investing once again, such as Benchmark, Accel, Headline and various business angels.

Sorare generates revenue by issuing new cards on the platform. Players can then buy those new cards and add them to their collection. They can also manage a squad of players and earn points based on real-life performances.

Over time, the value of a card can go up or down. That’s why (Read more...)

Labor in the 21st Century: Cryptoeconomics, Communities and Global Markets

This post is by jlk from The Barefoot VC

Today is Labor Day in the United States, a day when we are supposed to reflect on everyday people who work hard to make sure our economy works. The past two years have upended the 20th century industrial model of working – with COVID, many workers had to work from home. Another group of workers, who we called “essential workers”, which included delivery workers, grocery workers, healthcare workers and first responders continued their physical work.

Underlying some of these bifurcations was an even larger movement at play, one that only started to gain momentum in early 2021, one year after COVID forced many workers home – the emergence of a crypto economy that enables creators to connect directly with collectors of their work. Last year we had a “DeFi” summer, where peer-to-peer finance was being conducted through crypto products worldwide. Many people, some of whom who hadn’t been able to previous borrow and lend through their existing markets, were able to do so and accumulate assets; others, not satisfied with the yields they were getting in the traditional markets, turn to DeFi to increase their potential returns.

This year, we saw a markedly different demographic start trading and collecting NFTs. The growing NFT infrastructure allowed those that were not able to find markets for their art before to monetize their work through online global communities. Twitter is full of stories of artists who have been able to make hundreds of thousands of dollars off of their art, and in return (Read more...)

A Very Foggy Tweek

This post is by Om Malik from On my Om

Between the Piers! Made with Leica SL2-S & Leica M f2/35mm APO-Summicron. Photo by Om

There are some days when the view outside your window aptly reflects your state of mind. And sometimes those days turn into weeks. This week, I found myself in a foggy state of mind, all too often. The whole mess around the pandemic, the abortion ban, and the general malaise in the planet, added to my broodiness.  

And as a result, I was too contemplative and unable to untangle a lot of thoughts and ideas spurned on by conversations with many smart people.  I hope to finalize a few bigger pieces in the days ahead. In the interim, as always I am sharing what I am reading — and find important & interesting on the link blog They are also shared on my Twitter account. 

September 5, 2021, San Francisco

Sticks & Smoke! Made with Leica SL2-S & Leica M f2/35mm APO-Summicron. Photo by Om

Sept 3: I have been trying to track down my former boss from a while ago. There was a time one could call “directory assistance” and get a phone number. How I am trapped in a spider web of broken/outdated links. What progress we have made with technology.

Sept 3: “The hypocrisy is not lost on any of us that a bunch of people running around shouting about bodily freedom when it comes to vaccination—are the same ones who think women shouldn’t be able to decide (Read more...)

Vinyl Conundrum + other notables

This post is by Om Malik from On my Om

Happy Sunday, everyone! I have slowly (and unintentionally) slipped into “summer mode.” I have been working only a little and reading quite a lot. Last week, I also met Ken Kocienda, a former Apple software engineer and designer, to talk about art, life, photography, and watches. 

I didn’t spend as much time on Twitter (either perusing or tweeting), so there isn’t a “Tweek” wrap-up for the week. But several articles caught my eye that I probably would have tweeted, and here they are: 

Vinyl Is More Popular Than Ever. Surprisingly, That’s a Problem

During the pandemic, vinyl sales in the U.S. exploded, growing 28.7% in 2020 to $626 million, even beating out CD revenues of $483 million. Vinyl sales have been growing steadily over the years. Everyone (and I mean everyone) is making and selling vinyl records, including Target and Walmart. The annual demand for vinyl is between 320-400 million albums, while the total manufacturing capacity is 160 million albums per year. That is a problem for small labels. And to think, we are in the golden age of streaming — even hi-res streaming! By the way, streaming revenues were up 13.4% to $10.1 billion in 2020.

Back to the Bad Old Days of the Web – Jorge Arango

Indeed, the bad old days of browser wars and conflicting corporate interests are back. 

NFT sales volume surges to $2.5 bln in 2021 first half 

Yes, crypto is hot. NFT is hotter. So is the planet. 

You really need to (Read more...)