Why Stablecoin Interest Rates Are So Damn High
Stablecoins also provide crypto investors with a “safe haven” when cryptocurrency price volatility is high. So when cryptocurrencies go on a wild roller-coaster ride, as they have in recent months, demand for stablecoins rises. This tends to push them off their pegs, which rather destroys their purpose. So when people are cashing out of risky […]
‘How Can Information Be Free but Expensive?’: Holly Herndon on Web 3, Art and the Future of IP
The point being, all these institutions need funding, all these middle entities. It’s become quite common in crypto to parrot the same kind of liberatory promises of a Web 2, where you’re borrowing again from the romance of the independence economy. It’s like, no, no, no. The opportunity here is to rebuild lots of different […]
Ukraine Fundraisers Bring Out the Best, and Worst, in Crypto
On Wednesday, Ukraine’s crypto fundraising effort announced that it would be conducting an airdrop to those who had made donations. (An airdrop is an unsolicited distribution of a cryptocurrency token or coin, usually for free, to numerous wallet addresses.) There were few details of what crypto might be dropped, but a reasonable guess would have […]
Pplpleasr Will Not Always Please You: The Rise of NFT Artist Emily Yang
“I’ve been drawing ever since I was really young,” Yang said. “I like to constantly take in information, whether it’s the commercials, movies, music, videos, TV shows, anime.” But with Asian parents, there was a part of her life where she had to “forget about” the artsy part of herself.
If Ever There Were a Time for Financial Freedom, It’s Now
My own support for it, by the way, does not stem from “some philosophy of libertarianism or whatever.” It is grounded in the practical reality that – to quote the pseudonymous Web 3 thought leader 6529: “There are no other constitutional rights in substance without freedom to transact.” The idea: It’s all very well for […]
The Game Is On: The Hunt for Web 3 Gaming Models
Building on Axie’s popularity, leading global gaming studio Ubisoft announced Ubisoft Quartz, a platform for collecting and trading gaming NFTs. The backlash from gamers in its community, however, was immense, and the project died a silent death. Gamers were repulsed by the blatant revenue grab of an NFT model, which added little to the overall […]