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On Wednesday, Sotheby’s, one of the world’s largest brokers of fine and decorative art, announced its plans to auction a number of non-fungible token (NFT) assets that were previously owned by the now-defunct crypto hedge fund Three Arrows Capital (3AC). The auction, called the “Grails” NFT collection, will take place
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“During this period, many cryptocurrency projects, tokens and coins with little to no value or any immediate or discernible purpose were launched by various anonymous developers,” Julia Ng, growth marketing at CoinGecko, wrote in a recent analysis. “Few were actually committed to their projects, which resulted in a high rate
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Place/Date: - October 21st, 2022 at 4:09 pm UTC · 3 min read Source: OnlyOrigin Blockchain-based virtual reality team Zombie Planet is about to release its first limited-edition NFT project with 5,000 NFTs for sale on the OnlyOrigin.net marketplace on October 30, 2022. This NFT project is
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What’s not clear is how the new LimeWire will distinguish itself from existing music NFT platforms. Sound.xyz, which launched in December, is explicitly focused on communal listening and monetization. Royal, led by the producer Justin Blau, offers song royalties via crypto. Catalog is a marketplace for one-of-one audio NFTs. And
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The percentage of companies that can’t afford to pay the interest on their debt has reached a new all-time high in the wake of central bank intervention. Our main discussion: The rise of zombie firms.A zombie firm is a company that can’t afford to service its debt from operating income. These
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Stocks of zombie corporations are outperforming the S&P 500. A horde of companies too dead to feed their debts continues walking due solely to Federal Reserve bailout programs. This subverts the natural selection of capitalism and does not let the brave new world start clean. In the television series
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Ethereum’s Vitalik Buterin lamented what he regards as an example of the “Justin Sun dictatorship,” after the TRON (TRX) founder was implicated in yet another plagiarism controversy.A recent rebranding of the BitTorrent File System (BTFS) was met with outrage by Juan Benet, creator of IPFS — or Interplanetary File
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