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SANDBOX GROUP Announces Move Into Web3 Through Partnership With XDB Chain

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Source: CryptoSlate

Sandbox Group, the London-based group operating a network of learning businesses, announced a partnership with XDB CHAIN, the easy-to-use open-source blockchain used to power digital assets. The collaboration will see the development of an exclusive branded-cryptocurrency that will be made available as a payment choice to users of Sandbox’s wide portfolio of digital products and services worldwide.

The soon-to-be-released cryptocurrency will serve as a medium of exchange, enabling transactions, exclusive rewards, and incentives. Its secure, decentralised, and transparent nature will ensure the integrity of the ecosystem, aiming to address some of the most pressing challenges in the education sector’s digital transformation and growth.

Read More: https://cryptoslate.com/press-releases/sandbox-group-announces-move-into-web3-through-partnership-with-xdb-chain/

Art

NFT marketplace OpenSea ends its resale royalty policy, sparking industry-wide backlash

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Source: The Art Newspaper

OpenSea, the largest non-fungible-token (NFT) marketplace still in the business of enforcing resale royalty payments to artists, announced on 17 August that it plans to suspend the mandatory collection of artist resale fees.

As the NFT market continues its decline from the crest of web3’s runaway popularity in 2021, OpenSea’s move to transform one of the most attractive aspects of blockchain trading for artists into an at-will tipping system echoes broader industry trends towards austerity. Starting in March 2024, sellers will have the option to give artists a percentage of the original sale price, a shift from the guaranteed resale model of years past. The OpenSea Operator filter, through which users set their desired royalty payment percentage, will sunset on 31 August.

Read more: https://www.theartnewspaper.com/2023/08/23/opensea-nft-marketplace-ending-resale-royalties-policy

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Art

One reason for their growing popularity is profitability, so let’s explore some profitable strategies for making money with NFTs…

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Source: We Heart

Non-fungible tokens or NFTs are taking the world by storm. Anyone in the crypto world is likely to know about NFTs. Even for those who are not so conversant with crypto, news about mega sales of NFTs on the internet may have attracted their interest. So, why are NFTs becoming so popular in the first place?

Before you can understand the popularity of NFTs, you must understand what they are. NFTs are unique blockchain-based digital assets that cannot be duplicated or changed. However, unlike your typical assets, NFTs only present real assets as digital certificates of ownership. So, you can have NFTs for digital artwork or physical assets like real estate.

Read more: https://www.we-heart.com/2023/08/21/profitable-strategies-for-making-money-with-nfts/

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Art

Unlocking the value in digital art: Exploring promising NFT projects

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Source: Times Malta

The art world is currently being turned on its head. The days of gazing at masterpieces confined to the physical limits of a canvas are now being replaced by the emergence of non-fungible tokens (NFTs). These digital assets, tied to blockchain technology (the technology that makes cryptocurrency secure and unchangeable), are redefining the art world. NFTs have not just opened up the art world to an alternative form, but they are also democratising it by creating unique opportunities for artists and collectors. Below are some promising NFT projects.

First is a project that has been the talk of the art community: CryptoPunks. Launched by Larva Labs, CryptoPunks are algorithmically generated pixel art characters. Each one is unique, owning specific traits that set them apart from the rest. Their value lies in their scarcity and the high demand from collectors. CryptoPunks creates a verifiable ownership structure and facilitates simple, secure transactions.

Read more: https://timesofmalta.com/articles/view/unlocking-value-digital-art-exploring-promising-nft-projects-a2.1050583

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