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\n

The owner of this Punk bought his own Cryptopunk and instantly paid back his loan, using smart arbitrage he bought millions of eyes onto his NFT for only $800 in Ethereum Gas Fees.<\/p>\n\n\n\n

Is this purely genius marketing to a not so spectacular Cryptopunk?<\/p>\n","post_title":"What's Behind The $530M CryptoPunk #9998","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptopunk-9998","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:56","post_modified_gmt":"2022-03-14 10:05:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1529","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 3 4 5

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

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ADVERTISEMENT
\n

The purchase was made using a flash loan contract, essentially this is a loan that is repaid immediately. <\/p>\n\n\n\n

The owner of this Punk bought his own Cryptopunk and instantly paid back his loan, using smart arbitrage he bought millions of eyes onto his NFT for only $800 in Ethereum Gas Fees.<\/p>\n\n\n\n

Is this purely genius marketing to a not so spectacular Cryptopunk?<\/p>\n","post_title":"What's Behind The $530M CryptoPunk #9998","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptopunk-9998","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:56","post_modified_gmt":"2022-03-14 10:05:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1529","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 3 4 5

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Why Would You Buy Your Own NFT?<\/h2>\n\n\n\n

The purchase was made using a flash loan contract, essentially this is a loan that is repaid immediately. <\/p>\n\n\n\n

The owner of this Punk bought his own Cryptopunk and instantly paid back his loan, using smart arbitrage he bought millions of eyes onto his NFT for only $800 in Ethereum Gas Fees.<\/p>\n\n\n\n

Is this purely genius marketing to a not so spectacular Cryptopunk?<\/p>\n","post_title":"What's Behind The $530M CryptoPunk #9998","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptopunk-9998","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:56","post_modified_gmt":"2022-03-14 10:05:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1529","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 3 4 5

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Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n
\nhttps:\/\/twitter.com\/nanexcool\/status\/1453874296812670976\n<\/div><\/figure>\n\n\n\n

Why Would You Buy Your Own NFT?<\/h2>\n\n\n\n

The purchase was made using a flash loan contract, essentially this is a loan that is repaid immediately. <\/p>\n\n\n\n

The owner of this Punk bought his own Cryptopunk and instantly paid back his loan, using smart arbitrage he bought millions of eyes onto his NFT for only $800 in Ethereum Gas Fees.<\/p>\n\n\n\n

Is this purely genius marketing to a not so spectacular Cryptopunk?<\/p>\n","post_title":"What's Behind The $530M CryptoPunk #9998","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptopunk-9998","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:56","post_modified_gmt":"2022-03-14 10:05:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1529","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 3 4 5

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Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

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ADVERTISEMENT
\n

A look at the Ethereum Blockchain Ledger shows that it was nothing more than smart, smart contract trickery.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/nanexcool\/status\/1453874296812670976\n<\/div><\/figure>\n\n\n\n

Why Would You Buy Your Own NFT?<\/h2>\n\n\n\n

The purchase was made using a flash loan contract, essentially this is a loan that is repaid immediately. <\/p>\n\n\n\n

The owner of this Punk bought his own Cryptopunk and instantly paid back his loan, using smart arbitrage he bought millions of eyes onto his NFT for only $800 in Ethereum Gas Fees.<\/p>\n\n\n\n

Is this purely genius marketing to a not so spectacular Cryptopunk?<\/p>\n","post_title":"What's Behind The $530M CryptoPunk #9998","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptopunk-9998","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:56","post_modified_gmt":"2022-03-14 10:05:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1529","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 3 4 5

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

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ADVERTISEMENT
\n

Due to the fact this punk lacks desirable features from a collectors perspective, it quickly attracted attention to how it could sell for this sum of money. <\/p>\n\n\n\n

A look at the Ethereum Blockchain Ledger shows that it was nothing more than smart, smart contract trickery.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/nanexcool\/status\/1453874296812670976\n<\/div><\/figure>\n\n\n\n

Why Would You Buy Your Own NFT?<\/h2>\n\n\n\n

The purchase was made using a flash loan contract, essentially this is a loan that is repaid immediately. <\/p>\n\n\n\n

The owner of this Punk bought his own Cryptopunk and instantly paid back his loan, using smart arbitrage he bought millions of eyes onto his NFT for only $800 in Ethereum Gas Fees.<\/p>\n\n\n\n

Is this purely genius marketing to a not so spectacular Cryptopunk?<\/p>\n","post_title":"What's Behind The $530M CryptoPunk #9998","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptopunk-9998","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:56","post_modified_gmt":"2022-03-14 10:05:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1529","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 3 4 5

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Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

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ADVERTISEMENT
\n

Using Rarity<\/a> ranks its Rarity Score at a mere 136.49<\/a>, compared to Punk #7804 which actually sold for $7.57M and has a rarity score of 2329.18<\/a>.<\/p>\n\n\n\n

Due to the fact this punk lacks desirable features from a collectors perspective, it quickly attracted attention to how it could sell for this sum of money. <\/p>\n\n\n\n

A look at the Ethereum Blockchain Ledger shows that it was nothing more than smart, smart contract trickery.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/nanexcool\/status\/1453874296812670976\n<\/div><\/figure>\n\n\n\n

Why Would You Buy Your Own NFT?<\/h2>\n\n\n\n

The purchase was made using a flash loan contract, essentially this is a loan that is repaid immediately. <\/p>\n\n\n\n

The owner of this Punk bought his own Cryptopunk and instantly paid back his loan, using smart arbitrage he bought millions of eyes onto his NFT for only $800 in Ethereum Gas Fees.<\/p>\n\n\n\n

Is this purely genius marketing to a not so spectacular Cryptopunk?<\/p>\n","post_title":"What's Behind The $530M CryptoPunk #9998","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptopunk-9998","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:56","post_modified_gmt":"2022-03-14 10:05:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1529","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 3 4 5

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

You may wonder \"What makes this NFT worth half a billion dollars?<\/a>\" and the truth is, not much actually. <\/p>\n\n\n\n

Using Rarity<\/a> ranks its Rarity Score at a mere 136.49<\/a>, compared to Punk #7804 which actually sold for $7.57M and has a rarity score of 2329.18<\/a>.<\/p>\n\n\n\n

Due to the fact this punk lacks desirable features from a collectors perspective, it quickly attracted attention to how it could sell for this sum of money. <\/p>\n\n\n\n

A look at the Ethereum Blockchain Ledger shows that it was nothing more than smart, smart contract trickery.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/nanexcool\/status\/1453874296812670976\n<\/div><\/figure>\n\n\n\n

Why Would You Buy Your Own NFT?<\/h2>\n\n\n\n

The purchase was made using a flash loan contract, essentially this is a loan that is repaid immediately. <\/p>\n\n\n\n

The owner of this Punk bought his own Cryptopunk and instantly paid back his loan, using smart arbitrage he bought millions of eyes onto his NFT for only $800 in Ethereum Gas Fees.<\/p>\n\n\n\n

Is this purely genius marketing to a not so spectacular Cryptopunk?<\/p>\n","post_title":"What's Behind The $530M CryptoPunk #9998","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptopunk-9998","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:56","post_modified_gmt":"2022-03-14 10:05:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1529","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 3 4 5

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Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n
\nhttps:\/\/twitter.com\/cryptopunksbot\/status\/1453872415591829504\n<\/div><\/figure>\n\n\n\n

You may wonder \"What makes this NFT worth half a billion dollars?<\/a>\" and the truth is, not much actually. <\/p>\n\n\n\n

Using Rarity<\/a> ranks its Rarity Score at a mere 136.49<\/a>, compared to Punk #7804 which actually sold for $7.57M and has a rarity score of 2329.18<\/a>.<\/p>\n\n\n\n

Due to the fact this punk lacks desirable features from a collectors perspective, it quickly attracted attention to how it could sell for this sum of money. <\/p>\n\n\n\n

A look at the Ethereum Blockchain Ledger shows that it was nothing more than smart, smart contract trickery.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/nanexcool\/status\/1453874296812670976\n<\/div><\/figure>\n\n\n\n

Why Would You Buy Your Own NFT?<\/h2>\n\n\n\n

The purchase was made using a flash loan contract, essentially this is a loan that is repaid immediately. <\/p>\n\n\n\n

The owner of this Punk bought his own Cryptopunk and instantly paid back his loan, using smart arbitrage he bought millions of eyes onto his NFT for only $800 in Ethereum Gas Fees.<\/p>\n\n\n\n

Is this purely genius marketing to a not so spectacular Cryptopunk?<\/p>\n","post_title":"What's Behind The $530M CryptoPunk #9998","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptopunk-9998","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:56","post_modified_gmt":"2022-03-14 10:05:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1529","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 3 4 5

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

A Twitter bot tracking the sales of every CryptoPunk tweeted this on Thursday night shortly after 8 pm. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/cryptopunksbot\/status\/1453872415591829504\n<\/div><\/figure>\n\n\n\n

You may wonder \"What makes this NFT worth half a billion dollars?<\/a>\" and the truth is, not much actually. <\/p>\n\n\n\n

Using Rarity<\/a> ranks its Rarity Score at a mere 136.49<\/a>, compared to Punk #7804 which actually sold for $7.57M and has a rarity score of 2329.18<\/a>.<\/p>\n\n\n\n

Due to the fact this punk lacks desirable features from a collectors perspective, it quickly attracted attention to how it could sell for this sum of money. <\/p>\n\n\n\n

A look at the Ethereum Blockchain Ledger shows that it was nothing more than smart, smart contract trickery.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/nanexcool\/status\/1453874296812670976\n<\/div><\/figure>\n\n\n\n

Why Would You Buy Your Own NFT?<\/h2>\n\n\n\n

The purchase was made using a flash loan contract, essentially this is a loan that is repaid immediately. <\/p>\n\n\n\n

The owner of this Punk bought his own Cryptopunk and instantly paid back his loan, using smart arbitrage he bought millions of eyes onto his NFT for only $800 in Ethereum Gas Fees.<\/p>\n\n\n\n

Is this purely genius marketing to a not so spectacular Cryptopunk?<\/p>\n","post_title":"What's Behind The $530M CryptoPunk #9998","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptopunk-9998","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:56","post_modified_gmt":"2022-03-14 10:05:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1529","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 3 4 5

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Although, this is no more than just an elaborate hoax. See it is hard to trick people when you buy your own artwork, especially on a public blockchain.<\/p>\n\n\n\n

A Twitter bot tracking the sales of every CryptoPunk tweeted this on Thursday night shortly after 8 pm. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/cryptopunksbot\/status\/1453872415591829504\n<\/div><\/figure>\n\n\n\n

You may wonder \"What makes this NFT worth half a billion dollars?<\/a>\" and the truth is, not much actually. <\/p>\n\n\n\n

Using Rarity<\/a> ranks its Rarity Score at a mere 136.49<\/a>, compared to Punk #7804 which actually sold for $7.57M and has a rarity score of 2329.18<\/a>.<\/p>\n\n\n\n

Due to the fact this punk lacks desirable features from a collectors perspective, it quickly attracted attention to how it could sell for this sum of money. <\/p>\n\n\n\n

A look at the Ethereum Blockchain Ledger shows that it was nothing more than smart, smart contract trickery.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/nanexcool\/status\/1453874296812670976\n<\/div><\/figure>\n\n\n\n

Why Would You Buy Your Own NFT?<\/h2>\n\n\n\n

The purchase was made using a flash loan contract, essentially this is a loan that is repaid immediately. <\/p>\n\n\n\n

The owner of this Punk bought his own Cryptopunk and instantly paid back his loan, using smart arbitrage he bought millions of eyes onto his NFT for only $800 in Ethereum Gas Fees.<\/p>\n\n\n\n

Is this purely genius marketing to a not so spectacular Cryptopunk?<\/p>\n","post_title":"What's Behind The $530M CryptoPunk #9998","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptopunk-9998","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:56","post_modified_gmt":"2022-03-14 10:05:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1529","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 3 4 5

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

One of the largest art sales in history may have just taken place, CryptoPunk #9888 sold for $530 Million.<\/p>\n\n\n\n

Although, this is no more than just an elaborate hoax. See it is hard to trick people when you buy your own artwork, especially on a public blockchain.<\/p>\n\n\n\n

A Twitter bot tracking the sales of every CryptoPunk tweeted this on Thursday night shortly after 8 pm. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/cryptopunksbot\/status\/1453872415591829504\n<\/div><\/figure>\n\n\n\n

You may wonder \"What makes this NFT worth half a billion dollars?<\/a>\" and the truth is, not much actually. <\/p>\n\n\n\n

Using Rarity<\/a> ranks its Rarity Score at a mere 136.49<\/a>, compared to Punk #7804 which actually sold for $7.57M and has a rarity score of 2329.18<\/a>.<\/p>\n\n\n\n

Due to the fact this punk lacks desirable features from a collectors perspective, it quickly attracted attention to how it could sell for this sum of money. <\/p>\n\n\n\n

A look at the Ethereum Blockchain Ledger shows that it was nothing more than smart, smart contract trickery.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/nanexcool\/status\/1453874296812670976\n<\/div><\/figure>\n\n\n\n

Why Would You Buy Your Own NFT?<\/h2>\n\n\n\n

The purchase was made using a flash loan contract, essentially this is a loan that is repaid immediately. <\/p>\n\n\n\n

The owner of this Punk bought his own Cryptopunk and instantly paid back his loan, using smart arbitrage he bought millions of eyes onto his NFT for only $800 in Ethereum Gas Fees.<\/p>\n\n\n\n

Is this purely genius marketing to a not so spectacular Cryptopunk?<\/p>\n","post_title":"What's Behind The $530M CryptoPunk #9998","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptopunk-9998","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:56","post_modified_gmt":"2022-03-14 10:05:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1529","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 3 4 5

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

--> The sale takes place on the 8th Of February, with over 2000 people signed up to witness the first sale of a house as an NFT in the U.S.<\/p>\n","post_title":"Florida Home Listed For Sale, As An NFT","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"florida-home-listed-for-sale-as-an-nft","to_ping":"","pinged":"","post_modified":"2022-02-16 21:44:00","post_modified_gmt":"2022-02-16 10:44:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3398","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":1529,"post_author":"1","post_date":"2021-10-29 17:25:31","post_date_gmt":"2021-10-29 06:25:31","post_content":"\n

One of the largest art sales in history may have just taken place, CryptoPunk #9888 sold for $530 Million.<\/p>\n\n\n\n

Although, this is no more than just an elaborate hoax. See it is hard to trick people when you buy your own artwork, especially on a public blockchain.<\/p>\n\n\n\n

A Twitter bot tracking the sales of every CryptoPunk tweeted this on Thursday night shortly after 8 pm. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/cryptopunksbot\/status\/1453872415591829504\n<\/div><\/figure>\n\n\n\n

You may wonder \"What makes this NFT worth half a billion dollars?<\/a>\" and the truth is, not much actually. <\/p>\n\n\n\n

Using Rarity<\/a> ranks its Rarity Score at a mere 136.49<\/a>, compared to Punk #7804 which actually sold for $7.57M and has a rarity score of 2329.18<\/a>.<\/p>\n\n\n\n

Due to the fact this punk lacks desirable features from a collectors perspective, it quickly attracted attention to how it could sell for this sum of money. <\/p>\n\n\n\n

A look at the Ethereum Blockchain Ledger shows that it was nothing more than smart, smart contract trickery.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/nanexcool\/status\/1453874296812670976\n<\/div><\/figure>\n\n\n\n

Why Would You Buy Your Own NFT?<\/h2>\n\n\n\n

The purchase was made using a flash loan contract, essentially this is a loan that is repaid immediately. <\/p>\n\n\n\n

The owner of this Punk bought his own Cryptopunk and instantly paid back his loan, using smart arbitrage he bought millions of eyes onto his NFT for only $800 in Ethereum Gas Fees.<\/p>\n\n\n\n

Is this purely genius marketing to a not so spectacular Cryptopunk?<\/p>\n","post_title":"What's Behind The $530M CryptoPunk #9998","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptopunk-9998","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:56","post_modified_gmt":"2022-03-14 10:05:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1529","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 3 4 5

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Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n
<\/div>\n\n\n\n

--> The sale takes place on the 8th Of February, with over 2000 people signed up to witness the first sale of a house as an NFT in the U.S.<\/p>\n","post_title":"Florida Home Listed For Sale, As An NFT","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"florida-home-listed-for-sale-as-an-nft","to_ping":"","pinged":"","post_modified":"2022-02-16 21:44:00","post_modified_gmt":"2022-02-16 10:44:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3398","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":1529,"post_author":"1","post_date":"2021-10-29 17:25:31","post_date_gmt":"2021-10-29 06:25:31","post_content":"\n

One of the largest art sales in history may have just taken place, CryptoPunk #9888 sold for $530 Million.<\/p>\n\n\n\n

Although, this is no more than just an elaborate hoax. See it is hard to trick people when you buy your own artwork, especially on a public blockchain.<\/p>\n\n\n\n

A Twitter bot tracking the sales of every CryptoPunk tweeted this on Thursday night shortly after 8 pm. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/cryptopunksbot\/status\/1453872415591829504\n<\/div><\/figure>\n\n\n\n

You may wonder \"What makes this NFT worth half a billion dollars?<\/a>\" and the truth is, not much actually. <\/p>\n\n\n\n

Using Rarity<\/a> ranks its Rarity Score at a mere 136.49<\/a>, compared to Punk #7804 which actually sold for $7.57M and has a rarity score of 2329.18<\/a>.<\/p>\n\n\n\n

Due to the fact this punk lacks desirable features from a collectors perspective, it quickly attracted attention to how it could sell for this sum of money. <\/p>\n\n\n\n

A look at the Ethereum Blockchain Ledger shows that it was nothing more than smart, smart contract trickery.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/nanexcool\/status\/1453874296812670976\n<\/div><\/figure>\n\n\n\n

Why Would You Buy Your Own NFT?<\/h2>\n\n\n\n

The purchase was made using a flash loan contract, essentially this is a loan that is repaid immediately. <\/p>\n\n\n\n

The owner of this Punk bought his own Cryptopunk and instantly paid back his loan, using smart arbitrage he bought millions of eyes onto his NFT for only $800 in Ethereum Gas Fees.<\/p>\n\n\n\n

Is this purely genius marketing to a not so spectacular Cryptopunk?<\/p>\n","post_title":"What's Behind The $530M CryptoPunk #9998","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptopunk-9998","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:56","post_modified_gmt":"2022-03-14 10:05:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1529","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 3 4 5

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Any purchase of a property must be recorded in the county's recorders office, this is to facilitate the transfer of ownership rights. A legal entity must exist to transfer the property to, which is where NFTs are used in more public scenes, representing an LLC.<\/p>\n\n\n\n

<\/div>\n\n\n\n

--> The sale takes place on the 8th Of February, with over 2000 people signed up to witness the first sale of a house as an NFT in the U.S.<\/p>\n","post_title":"Florida Home Listed For Sale, As An NFT","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"florida-home-listed-for-sale-as-an-nft","to_ping":"","pinged":"","post_modified":"2022-02-16 21:44:00","post_modified_gmt":"2022-02-16 10:44:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3398","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":1529,"post_author":"1","post_date":"2021-10-29 17:25:31","post_date_gmt":"2021-10-29 06:25:31","post_content":"\n

One of the largest art sales in history may have just taken place, CryptoPunk #9888 sold for $530 Million.<\/p>\n\n\n\n

Although, this is no more than just an elaborate hoax. See it is hard to trick people when you buy your own artwork, especially on a public blockchain.<\/p>\n\n\n\n

A Twitter bot tracking the sales of every CryptoPunk tweeted this on Thursday night shortly after 8 pm. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/cryptopunksbot\/status\/1453872415591829504\n<\/div><\/figure>\n\n\n\n

You may wonder \"What makes this NFT worth half a billion dollars?<\/a>\" and the truth is, not much actually. <\/p>\n\n\n\n

Using Rarity<\/a> ranks its Rarity Score at a mere 136.49<\/a>, compared to Punk #7804 which actually sold for $7.57M and has a rarity score of 2329.18<\/a>.<\/p>\n\n\n\n

Due to the fact this punk lacks desirable features from a collectors perspective, it quickly attracted attention to how it could sell for this sum of money. <\/p>\n\n\n\n

A look at the Ethereum Blockchain Ledger shows that it was nothing more than smart, smart contract trickery.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/nanexcool\/status\/1453874296812670976\n<\/div><\/figure>\n\n\n\n

Why Would You Buy Your Own NFT?<\/h2>\n\n\n\n

The purchase was made using a flash loan contract, essentially this is a loan that is repaid immediately. <\/p>\n\n\n\n

The owner of this Punk bought his own Cryptopunk and instantly paid back his loan, using smart arbitrage he bought millions of eyes onto his NFT for only $800 in Ethereum Gas Fees.<\/p>\n\n\n\n

Is this purely genius marketing to a not so spectacular Cryptopunk?<\/p>\n","post_title":"What's Behind The $530M CryptoPunk #9998","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptopunk-9998","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:56","post_modified_gmt":"2022-03-14 10:05:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1529","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 3 4 5

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The legal landscape of asset ownership has had to evolve quickly in the past few years to accommodate the adoption of digital assets, and this is no exception. <\/p>\n\n\n\n

Any purchase of a property must be recorded in the county's recorders office, this is to facilitate the transfer of ownership rights. A legal entity must exist to transfer the property to, which is where NFTs are used in more public scenes, representing an LLC.<\/p>\n\n\n\n

<\/div>\n\n\n\n

--> The sale takes place on the 8th Of February, with over 2000 people signed up to witness the first sale of a house as an NFT in the U.S.<\/p>\n","post_title":"Florida Home Listed For Sale, As An NFT","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"florida-home-listed-for-sale-as-an-nft","to_ping":"","pinged":"","post_modified":"2022-02-16 21:44:00","post_modified_gmt":"2022-02-16 10:44:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3398","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":1529,"post_author":"1","post_date":"2021-10-29 17:25:31","post_date_gmt":"2021-10-29 06:25:31","post_content":"\n

One of the largest art sales in history may have just taken place, CryptoPunk #9888 sold for $530 Million.<\/p>\n\n\n\n

Although, this is no more than just an elaborate hoax. See it is hard to trick people when you buy your own artwork, especially on a public blockchain.<\/p>\n\n\n\n

A Twitter bot tracking the sales of every CryptoPunk tweeted this on Thursday night shortly after 8 pm. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/cryptopunksbot\/status\/1453872415591829504\n<\/div><\/figure>\n\n\n\n

You may wonder \"What makes this NFT worth half a billion dollars?<\/a>\" and the truth is, not much actually. <\/p>\n\n\n\n

Using Rarity<\/a> ranks its Rarity Score at a mere 136.49<\/a>, compared to Punk #7804 which actually sold for $7.57M and has a rarity score of 2329.18<\/a>.<\/p>\n\n\n\n

Due to the fact this punk lacks desirable features from a collectors perspective, it quickly attracted attention to how it could sell for this sum of money. <\/p>\n\n\n\n

A look at the Ethereum Blockchain Ledger shows that it was nothing more than smart, smart contract trickery.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/nanexcool\/status\/1453874296812670976\n<\/div><\/figure>\n\n\n\n

Why Would You Buy Your Own NFT?<\/h2>\n\n\n\n

The purchase was made using a flash loan contract, essentially this is a loan that is repaid immediately. <\/p>\n\n\n\n

The owner of this Punk bought his own Cryptopunk and instantly paid back his loan, using smart arbitrage he bought millions of eyes onto his NFT for only $800 in Ethereum Gas Fees.<\/p>\n\n\n\n

Is this purely genius marketing to a not so spectacular Cryptopunk?<\/p>\n","post_title":"What's Behind The $530M CryptoPunk #9998","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptopunk-9998","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:56","post_modified_gmt":"2022-03-14 10:05:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1529","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 3 4 5

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Whats The Paperwork Like?<\/h2>\n\n\n\n

The legal landscape of asset ownership has had to evolve quickly in the past few years to accommodate the adoption of digital assets, and this is no exception. <\/p>\n\n\n\n

Any purchase of a property must be recorded in the county's recorders office, this is to facilitate the transfer of ownership rights. A legal entity must exist to transfer the property to, which is where NFTs are used in more public scenes, representing an LLC.<\/p>\n\n\n\n

<\/div>\n\n\n\n

--> The sale takes place on the 8th Of February, with over 2000 people signed up to witness the first sale of a house as an NFT in the U.S.<\/p>\n","post_title":"Florida Home Listed For Sale, As An NFT","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"florida-home-listed-for-sale-as-an-nft","to_ping":"","pinged":"","post_modified":"2022-02-16 21:44:00","post_modified_gmt":"2022-02-16 10:44:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3398","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":1529,"post_author":"1","post_date":"2021-10-29 17:25:31","post_date_gmt":"2021-10-29 06:25:31","post_content":"\n

One of the largest art sales in history may have just taken place, CryptoPunk #9888 sold for $530 Million.<\/p>\n\n\n\n

Although, this is no more than just an elaborate hoax. See it is hard to trick people when you buy your own artwork, especially on a public blockchain.<\/p>\n\n\n\n

A Twitter bot tracking the sales of every CryptoPunk tweeted this on Thursday night shortly after 8 pm. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/cryptopunksbot\/status\/1453872415591829504\n<\/div><\/figure>\n\n\n\n

You may wonder \"What makes this NFT worth half a billion dollars?<\/a>\" and the truth is, not much actually. <\/p>\n\n\n\n

Using Rarity<\/a> ranks its Rarity Score at a mere 136.49<\/a>, compared to Punk #7804 which actually sold for $7.57M and has a rarity score of 2329.18<\/a>.<\/p>\n\n\n\n

Due to the fact this punk lacks desirable features from a collectors perspective, it quickly attracted attention to how it could sell for this sum of money. <\/p>\n\n\n\n

A look at the Ethereum Blockchain Ledger shows that it was nothing more than smart, smart contract trickery.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/nanexcool\/status\/1453874296812670976\n<\/div><\/figure>\n\n\n\n

Why Would You Buy Your Own NFT?<\/h2>\n\n\n\n

The purchase was made using a flash loan contract, essentially this is a loan that is repaid immediately. <\/p>\n\n\n\n

The owner of this Punk bought his own Cryptopunk and instantly paid back his loan, using smart arbitrage he bought millions of eyes onto his NFT for only $800 in Ethereum Gas Fees.<\/p>\n\n\n\n

Is this purely genius marketing to a not so spectacular Cryptopunk?<\/p>\n","post_title":"What's Behind The $530M CryptoPunk #9998","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptopunk-9998","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:56","post_modified_gmt":"2022-03-14 10:05:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1529","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 3 4 5

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

\u201cIs this just hype or is there a real world application? (The auction) is really to stimulate conversation,\u201d<\/em><\/strong><\/p>Leslie Alessandra on Tampa Bay Times<\/a><\/cite><\/blockquote>\n\n\n\n

Whats The Paperwork Like?<\/h2>\n\n\n\n

The legal landscape of asset ownership has had to evolve quickly in the past few years to accommodate the adoption of digital assets, and this is no exception. <\/p>\n\n\n\n

Any purchase of a property must be recorded in the county's recorders office, this is to facilitate the transfer of ownership rights. A legal entity must exist to transfer the property to, which is where NFTs are used in more public scenes, representing an LLC.<\/p>\n\n\n\n

<\/div>\n\n\n\n

--> The sale takes place on the 8th Of February, with over 2000 people signed up to witness the first sale of a house as an NFT in the U.S.<\/p>\n","post_title":"Florida Home Listed For Sale, As An NFT","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"florida-home-listed-for-sale-as-an-nft","to_ping":"","pinged":"","post_modified":"2022-02-16 21:44:00","post_modified_gmt":"2022-02-16 10:44:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3398","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":1529,"post_author":"1","post_date":"2021-10-29 17:25:31","post_date_gmt":"2021-10-29 06:25:31","post_content":"\n

One of the largest art sales in history may have just taken place, CryptoPunk #9888 sold for $530 Million.<\/p>\n\n\n\n

Although, this is no more than just an elaborate hoax. See it is hard to trick people when you buy your own artwork, especially on a public blockchain.<\/p>\n\n\n\n

A Twitter bot tracking the sales of every CryptoPunk tweeted this on Thursday night shortly after 8 pm. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/cryptopunksbot\/status\/1453872415591829504\n<\/div><\/figure>\n\n\n\n

You may wonder \"What makes this NFT worth half a billion dollars?<\/a>\" and the truth is, not much actually. <\/p>\n\n\n\n

Using Rarity<\/a> ranks its Rarity Score at a mere 136.49<\/a>, compared to Punk #7804 which actually sold for $7.57M and has a rarity score of 2329.18<\/a>.<\/p>\n\n\n\n

Due to the fact this punk lacks desirable features from a collectors perspective, it quickly attracted attention to how it could sell for this sum of money. <\/p>\n\n\n\n

A look at the Ethereum Blockchain Ledger shows that it was nothing more than smart, smart contract trickery.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/nanexcool\/status\/1453874296812670976\n<\/div><\/figure>\n\n\n\n

Why Would You Buy Your Own NFT?<\/h2>\n\n\n\n

The purchase was made using a flash loan contract, essentially this is a loan that is repaid immediately. <\/p>\n\n\n\n

The owner of this Punk bought his own Cryptopunk and instantly paid back his loan, using smart arbitrage he bought millions of eyes onto his NFT for only $800 in Ethereum Gas Fees.<\/p>\n\n\n\n

Is this purely genius marketing to a not so spectacular Cryptopunk?<\/p>\n","post_title":"What's Behind The $530M CryptoPunk #9998","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptopunk-9998","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:56","post_modified_gmt":"2022-03-14 10:05:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1529","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 3 4 5

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The current owner of the property, Leslie Alessandra, stated she chose to list the home as an NFT to demonstrate the use of evolving technology. <\/p>\n\n\n\n

\u201cIs this just hype or is there a real world application? (The auction) is really to stimulate conversation,\u201d<\/em><\/strong><\/p>Leslie Alessandra on Tampa Bay Times<\/a><\/cite><\/blockquote>\n\n\n\n

Whats The Paperwork Like?<\/h2>\n\n\n\n

The legal landscape of asset ownership has had to evolve quickly in the past few years to accommodate the adoption of digital assets, and this is no exception. <\/p>\n\n\n\n

Any purchase of a property must be recorded in the county's recorders office, this is to facilitate the transfer of ownership rights. A legal entity must exist to transfer the property to, which is where NFTs are used in more public scenes, representing an LLC.<\/p>\n\n\n\n

<\/div>\n\n\n\n

--> The sale takes place on the 8th Of February, with over 2000 people signed up to witness the first sale of a house as an NFT in the U.S.<\/p>\n","post_title":"Florida Home Listed For Sale, As An NFT","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"florida-home-listed-for-sale-as-an-nft","to_ping":"","pinged":"","post_modified":"2022-02-16 21:44:00","post_modified_gmt":"2022-02-16 10:44:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3398","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":1529,"post_author":"1","post_date":"2021-10-29 17:25:31","post_date_gmt":"2021-10-29 06:25:31","post_content":"\n

One of the largest art sales in history may have just taken place, CryptoPunk #9888 sold for $530 Million.<\/p>\n\n\n\n

Although, this is no more than just an elaborate hoax. See it is hard to trick people when you buy your own artwork, especially on a public blockchain.<\/p>\n\n\n\n

A Twitter bot tracking the sales of every CryptoPunk tweeted this on Thursday night shortly after 8 pm. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/cryptopunksbot\/status\/1453872415591829504\n<\/div><\/figure>\n\n\n\n

You may wonder \"What makes this NFT worth half a billion dollars?<\/a>\" and the truth is, not much actually. <\/p>\n\n\n\n

Using Rarity<\/a> ranks its Rarity Score at a mere 136.49<\/a>, compared to Punk #7804 which actually sold for $7.57M and has a rarity score of 2329.18<\/a>.<\/p>\n\n\n\n

Due to the fact this punk lacks desirable features from a collectors perspective, it quickly attracted attention to how it could sell for this sum of money. <\/p>\n\n\n\n

A look at the Ethereum Blockchain Ledger shows that it was nothing more than smart, smart contract trickery.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/nanexcool\/status\/1453874296812670976\n<\/div><\/figure>\n\n\n\n

Why Would You Buy Your Own NFT?<\/h2>\n\n\n\n

The purchase was made using a flash loan contract, essentially this is a loan that is repaid immediately. <\/p>\n\n\n\n

The owner of this Punk bought his own Cryptopunk and instantly paid back his loan, using smart arbitrage he bought millions of eyes onto his NFT for only $800 in Ethereum Gas Fees.<\/p>\n\n\n\n

Is this purely genius marketing to a not so spectacular Cryptopunk?<\/p>\n","post_title":"What's Behind The $530M CryptoPunk #9998","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptopunk-9998","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:56","post_modified_gmt":"2022-03-14 10:05:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1529","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 3 4 5

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Why Sell A Property As An NFT?<\/h2>\n\n\n\n

The current owner of the property, Leslie Alessandra, stated she chose to list the home as an NFT to demonstrate the use of evolving technology. <\/p>\n\n\n\n

\u201cIs this just hype or is there a real world application? (The auction) is really to stimulate conversation,\u201d<\/em><\/strong><\/p>Leslie Alessandra on Tampa Bay Times<\/a><\/cite><\/blockquote>\n\n\n\n

Whats The Paperwork Like?<\/h2>\n\n\n\n

The legal landscape of asset ownership has had to evolve quickly in the past few years to accommodate the adoption of digital assets, and this is no exception. <\/p>\n\n\n\n

Any purchase of a property must be recorded in the county's recorders office, this is to facilitate the transfer of ownership rights. A legal entity must exist to transfer the property to, which is where NFTs are used in more public scenes, representing an LLC.<\/p>\n\n\n\n

<\/div>\n\n\n\n

--> The sale takes place on the 8th Of February, with over 2000 people signed up to witness the first sale of a house as an NFT in the U.S.<\/p>\n","post_title":"Florida Home Listed For Sale, As An NFT","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"florida-home-listed-for-sale-as-an-nft","to_ping":"","pinged":"","post_modified":"2022-02-16 21:44:00","post_modified_gmt":"2022-02-16 10:44:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3398","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":1529,"post_author":"1","post_date":"2021-10-29 17:25:31","post_date_gmt":"2021-10-29 06:25:31","post_content":"\n

One of the largest art sales in history may have just taken place, CryptoPunk #9888 sold for $530 Million.<\/p>\n\n\n\n

Although, this is no more than just an elaborate hoax. See it is hard to trick people when you buy your own artwork, especially on a public blockchain.<\/p>\n\n\n\n

A Twitter bot tracking the sales of every CryptoPunk tweeted this on Thursday night shortly after 8 pm. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/cryptopunksbot\/status\/1453872415591829504\n<\/div><\/figure>\n\n\n\n

You may wonder \"What makes this NFT worth half a billion dollars?<\/a>\" and the truth is, not much actually. <\/p>\n\n\n\n

Using Rarity<\/a> ranks its Rarity Score at a mere 136.49<\/a>, compared to Punk #7804 which actually sold for $7.57M and has a rarity score of 2329.18<\/a>.<\/p>\n\n\n\n

Due to the fact this punk lacks desirable features from a collectors perspective, it quickly attracted attention to how it could sell for this sum of money. <\/p>\n\n\n\n

A look at the Ethereum Blockchain Ledger shows that it was nothing more than smart, smart contract trickery.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/nanexcool\/status\/1453874296812670976\n<\/div><\/figure>\n\n\n\n

Why Would You Buy Your Own NFT?<\/h2>\n\n\n\n

The purchase was made using a flash loan contract, essentially this is a loan that is repaid immediately. <\/p>\n\n\n\n

The owner of this Punk bought his own Cryptopunk and instantly paid back his loan, using smart arbitrage he bought millions of eyes onto his NFT for only $800 in Ethereum Gas Fees.<\/p>\n\n\n\n

Is this purely genius marketing to a not so spectacular Cryptopunk?<\/p>\n","post_title":"What's Behind The $530M CryptoPunk #9998","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptopunk-9998","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:56","post_modified_gmt":"2022-03-14 10:05:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1529","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 3 4 5

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

This will be the second property to be sold as an NFT by Propy, following the sale<\/a> of TechCrunch founder, Micheal Arrington's, Kyiv Apartment for 36 ETH.<\/p>\n\n\n\n

Why Sell A Property As An NFT?<\/h2>\n\n\n\n

The current owner of the property, Leslie Alessandra, stated she chose to list the home as an NFT to demonstrate the use of evolving technology. <\/p>\n\n\n\n

\u201cIs this just hype or is there a real world application? (The auction) is really to stimulate conversation,\u201d<\/em><\/strong><\/p>Leslie Alessandra on Tampa Bay Times<\/a><\/cite><\/blockquote>\n\n\n\n

Whats The Paperwork Like?<\/h2>\n\n\n\n

The legal landscape of asset ownership has had to evolve quickly in the past few years to accommodate the adoption of digital assets, and this is no exception. <\/p>\n\n\n\n

Any purchase of a property must be recorded in the county's recorders office, this is to facilitate the transfer of ownership rights. A legal entity must exist to transfer the property to, which is where NFTs are used in more public scenes, representing an LLC.<\/p>\n\n\n\n

<\/div>\n\n\n\n

--> The sale takes place on the 8th Of February, with over 2000 people signed up to witness the first sale of a house as an NFT in the U.S.<\/p>\n","post_title":"Florida Home Listed For Sale, As An NFT","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"florida-home-listed-for-sale-as-an-nft","to_ping":"","pinged":"","post_modified":"2022-02-16 21:44:00","post_modified_gmt":"2022-02-16 10:44:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3398","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":1529,"post_author":"1","post_date":"2021-10-29 17:25:31","post_date_gmt":"2021-10-29 06:25:31","post_content":"\n

One of the largest art sales in history may have just taken place, CryptoPunk #9888 sold for $530 Million.<\/p>\n\n\n\n

Although, this is no more than just an elaborate hoax. See it is hard to trick people when you buy your own artwork, especially on a public blockchain.<\/p>\n\n\n\n

A Twitter bot tracking the sales of every CryptoPunk tweeted this on Thursday night shortly after 8 pm. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/cryptopunksbot\/status\/1453872415591829504\n<\/div><\/figure>\n\n\n\n

You may wonder \"What makes this NFT worth half a billion dollars?<\/a>\" and the truth is, not much actually. <\/p>\n\n\n\n

Using Rarity<\/a> ranks its Rarity Score at a mere 136.49<\/a>, compared to Punk #7804 which actually sold for $7.57M and has a rarity score of 2329.18<\/a>.<\/p>\n\n\n\n

Due to the fact this punk lacks desirable features from a collectors perspective, it quickly attracted attention to how it could sell for this sum of money. <\/p>\n\n\n\n

A look at the Ethereum Blockchain Ledger shows that it was nothing more than smart, smart contract trickery.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/nanexcool\/status\/1453874296812670976\n<\/div><\/figure>\n\n\n\n

Why Would You Buy Your Own NFT?<\/h2>\n\n\n\n

The purchase was made using a flash loan contract, essentially this is a loan that is repaid immediately. <\/p>\n\n\n\n

The owner of this Punk bought his own Cryptopunk and instantly paid back his loan, using smart arbitrage he bought millions of eyes onto his NFT for only $800 in Ethereum Gas Fees.<\/p>\n\n\n\n

Is this purely genius marketing to a not so spectacular Cryptopunk?<\/p>\n","post_title":"What's Behind The $530M CryptoPunk #9998","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptopunk-9998","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:56","post_modified_gmt":"2022-03-14 10:05:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1529","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 3 4 5

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

A home in Gulfport, Florida will be auctioned off as an NFT. Real Estate Technology company, Propy<\/a>, will be minting the property through a digital auction<\/a>. The NFT will hold the rights to the house, in a digital form, while also serving as the LLC. This will protect the rights and ownership of the property. <\/p>\n\n\n\n

This will be the second property to be sold as an NFT by Propy, following the sale<\/a> of TechCrunch founder, Micheal Arrington's, Kyiv Apartment for 36 ETH.<\/p>\n\n\n\n

Why Sell A Property As An NFT?<\/h2>\n\n\n\n

The current owner of the property, Leslie Alessandra, stated she chose to list the home as an NFT to demonstrate the use of evolving technology. <\/p>\n\n\n\n

\u201cIs this just hype or is there a real world application? (The auction) is really to stimulate conversation,\u201d<\/em><\/strong><\/p>Leslie Alessandra on Tampa Bay Times<\/a><\/cite><\/blockquote>\n\n\n\n

Whats The Paperwork Like?<\/h2>\n\n\n\n

The legal landscape of asset ownership has had to evolve quickly in the past few years to accommodate the adoption of digital assets, and this is no exception. <\/p>\n\n\n\n

Any purchase of a property must be recorded in the county's recorders office, this is to facilitate the transfer of ownership rights. A legal entity must exist to transfer the property to, which is where NFTs are used in more public scenes, representing an LLC.<\/p>\n\n\n\n

<\/div>\n\n\n\n

--> The sale takes place on the 8th Of February, with over 2000 people signed up to witness the first sale of a house as an NFT in the U.S.<\/p>\n","post_title":"Florida Home Listed For Sale, As An NFT","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"florida-home-listed-for-sale-as-an-nft","to_ping":"","pinged":"","post_modified":"2022-02-16 21:44:00","post_modified_gmt":"2022-02-16 10:44:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3398","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":1529,"post_author":"1","post_date":"2021-10-29 17:25:31","post_date_gmt":"2021-10-29 06:25:31","post_content":"\n

One of the largest art sales in history may have just taken place, CryptoPunk #9888 sold for $530 Million.<\/p>\n\n\n\n

Although, this is no more than just an elaborate hoax. See it is hard to trick people when you buy your own artwork, especially on a public blockchain.<\/p>\n\n\n\n

A Twitter bot tracking the sales of every CryptoPunk tweeted this on Thursday night shortly after 8 pm. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/cryptopunksbot\/status\/1453872415591829504\n<\/div><\/figure>\n\n\n\n

You may wonder \"What makes this NFT worth half a billion dollars?<\/a>\" and the truth is, not much actually. <\/p>\n\n\n\n

Using Rarity<\/a> ranks its Rarity Score at a mere 136.49<\/a>, compared to Punk #7804 which actually sold for $7.57M and has a rarity score of 2329.18<\/a>.<\/p>\n\n\n\n

Due to the fact this punk lacks desirable features from a collectors perspective, it quickly attracted attention to how it could sell for this sum of money. <\/p>\n\n\n\n

A look at the Ethereum Blockchain Ledger shows that it was nothing more than smart, smart contract trickery.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/nanexcool\/status\/1453874296812670976\n<\/div><\/figure>\n\n\n\n

Why Would You Buy Your Own NFT?<\/h2>\n\n\n\n

The purchase was made using a flash loan contract, essentially this is a loan that is repaid immediately. <\/p>\n\n\n\n

The owner of this Punk bought his own Cryptopunk and instantly paid back his loan, using smart arbitrage he bought millions of eyes onto his NFT for only $800 in Ethereum Gas Fees.<\/p>\n\n\n\n

Is this purely genius marketing to a not so spectacular Cryptopunk?<\/p>\n","post_title":"What's Behind The $530M CryptoPunk #9998","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptopunk-9998","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:56","post_modified_gmt":"2022-03-14 10:05:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1529","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 3 4 5

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

\u201cHitPiece appears to be little more than a scam operation designed to trade on fans\u2019 love of music and desire to connect more closely with artists, using buzzwords and jargon to gloss over their complete failure to obtain necessary rights. Fans were led to believe they were purchasing an NFT genuinely associated with an artist and their work when that was not at all the case. While the operators appear to have taken the main HitPiece site offline for now, this move was necessary to ensure a fair accounting for the harm HitPiece and its operators have already done and to ensure that this site or copycats don\u2019t simply resume their scams under another name.\u201d<\/strong><\/em><\/p>Ken Doroshow, RIAA Chief Legal Officer<\/cite><\/blockquote>\n","post_title":"NFT Platform HitPiece Receives Cease And Desist Letter From Recording Industry Association","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nft-platform-hitpiece-receives-cease-and-desist-letter-from-recording-industry-association","to_ping":"","pinged":"","post_modified":"2023-04-11 12:55:43","post_modified_gmt":"2023-04-11 02:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3413","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3398,"post_author":"1","post_date":"2022-02-06 23:17:56","post_date_gmt":"2022-02-06 12:17:56","post_content":"\n

A home in Gulfport, Florida will be auctioned off as an NFT. Real Estate Technology company, Propy<\/a>, will be minting the property through a digital auction<\/a>. The NFT will hold the rights to the house, in a digital form, while also serving as the LLC. This will protect the rights and ownership of the property. <\/p>\n\n\n\n

This will be the second property to be sold as an NFT by Propy, following the sale<\/a> of TechCrunch founder, Micheal Arrington's, Kyiv Apartment for 36 ETH.<\/p>\n\n\n\n

Why Sell A Property As An NFT?<\/h2>\n\n\n\n

The current owner of the property, Leslie Alessandra, stated she chose to list the home as an NFT to demonstrate the use of evolving technology. <\/p>\n\n\n\n

\u201cIs this just hype or is there a real world application? (The auction) is really to stimulate conversation,\u201d<\/em><\/strong><\/p>Leslie Alessandra on Tampa Bay Times<\/a><\/cite><\/blockquote>\n\n\n\n

Whats The Paperwork Like?<\/h2>\n\n\n\n

The legal landscape of asset ownership has had to evolve quickly in the past few years to accommodate the adoption of digital assets, and this is no exception. <\/p>\n\n\n\n

Any purchase of a property must be recorded in the county's recorders office, this is to facilitate the transfer of ownership rights. A legal entity must exist to transfer the property to, which is where NFTs are used in more public scenes, representing an LLC.<\/p>\n\n\n\n

<\/div>\n\n\n\n

--> The sale takes place on the 8th Of February, with over 2000 people signed up to witness the first sale of a house as an NFT in the U.S.<\/p>\n","post_title":"Florida Home Listed For Sale, As An NFT","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"florida-home-listed-for-sale-as-an-nft","to_ping":"","pinged":"","post_modified":"2022-02-16 21:44:00","post_modified_gmt":"2022-02-16 10:44:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3398","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":1529,"post_author":"1","post_date":"2021-10-29 17:25:31","post_date_gmt":"2021-10-29 06:25:31","post_content":"\n

One of the largest art sales in history may have just taken place, CryptoPunk #9888 sold for $530 Million.<\/p>\n\n\n\n

Although, this is no more than just an elaborate hoax. See it is hard to trick people when you buy your own artwork, especially on a public blockchain.<\/p>\n\n\n\n

A Twitter bot tracking the sales of every CryptoPunk tweeted this on Thursday night shortly after 8 pm. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/cryptopunksbot\/status\/1453872415591829504\n<\/div><\/figure>\n\n\n\n

You may wonder \"What makes this NFT worth half a billion dollars?<\/a>\" and the truth is, not much actually. <\/p>\n\n\n\n

Using Rarity<\/a> ranks its Rarity Score at a mere 136.49<\/a>, compared to Punk #7804 which actually sold for $7.57M and has a rarity score of 2329.18<\/a>.<\/p>\n\n\n\n

Due to the fact this punk lacks desirable features from a collectors perspective, it quickly attracted attention to how it could sell for this sum of money. <\/p>\n\n\n\n

A look at the Ethereum Blockchain Ledger shows that it was nothing more than smart, smart contract trickery.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/nanexcool\/status\/1453874296812670976\n<\/div><\/figure>\n\n\n\n

Why Would You Buy Your Own NFT?<\/h2>\n\n\n\n

The purchase was made using a flash loan contract, essentially this is a loan that is repaid immediately. <\/p>\n\n\n\n

The owner of this Punk bought his own Cryptopunk and instantly paid back his loan, using smart arbitrage he bought millions of eyes onto his NFT for only $800 in Ethereum Gas Fees.<\/p>\n\n\n\n

Is this purely genius marketing to a not so spectacular Cryptopunk?<\/p>\n","post_title":"What's Behind The $530M CryptoPunk #9998","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptopunk-9998","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:56","post_modified_gmt":"2022-03-14 10:05:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1529","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 3 4 5

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The line was crossed and the FIAA decided to step in to take legal action and show that there is no playing around in this industry.<\/p>\n\n\n\n

\u201cHitPiece appears to be little more than a scam operation designed to trade on fans\u2019 love of music and desire to connect more closely with artists, using buzzwords and jargon to gloss over their complete failure to obtain necessary rights. Fans were led to believe they were purchasing an NFT genuinely associated with an artist and their work when that was not at all the case. While the operators appear to have taken the main HitPiece site offline for now, this move was necessary to ensure a fair accounting for the harm HitPiece and its operators have already done and to ensure that this site or copycats don\u2019t simply resume their scams under another name.\u201d<\/strong><\/em><\/p>Ken Doroshow, RIAA Chief Legal Officer<\/cite><\/blockquote>\n","post_title":"NFT Platform HitPiece Receives Cease And Desist Letter From Recording Industry Association","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nft-platform-hitpiece-receives-cease-and-desist-letter-from-recording-industry-association","to_ping":"","pinged":"","post_modified":"2023-04-11 12:55:43","post_modified_gmt":"2023-04-11 02:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3413","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3398,"post_author":"1","post_date":"2022-02-06 23:17:56","post_date_gmt":"2022-02-06 12:17:56","post_content":"\n

A home in Gulfport, Florida will be auctioned off as an NFT. Real Estate Technology company, Propy<\/a>, will be minting the property through a digital auction<\/a>. The NFT will hold the rights to the house, in a digital form, while also serving as the LLC. This will protect the rights and ownership of the property. <\/p>\n\n\n\n

This will be the second property to be sold as an NFT by Propy, following the sale<\/a> of TechCrunch founder, Micheal Arrington's, Kyiv Apartment for 36 ETH.<\/p>\n\n\n\n

Why Sell A Property As An NFT?<\/h2>\n\n\n\n

The current owner of the property, Leslie Alessandra, stated she chose to list the home as an NFT to demonstrate the use of evolving technology. <\/p>\n\n\n\n

\u201cIs this just hype or is there a real world application? (The auction) is really to stimulate conversation,\u201d<\/em><\/strong><\/p>Leslie Alessandra on Tampa Bay Times<\/a><\/cite><\/blockquote>\n\n\n\n

Whats The Paperwork Like?<\/h2>\n\n\n\n

The legal landscape of asset ownership has had to evolve quickly in the past few years to accommodate the adoption of digital assets, and this is no exception. <\/p>\n\n\n\n

Any purchase of a property must be recorded in the county's recorders office, this is to facilitate the transfer of ownership rights. A legal entity must exist to transfer the property to, which is where NFTs are used in more public scenes, representing an LLC.<\/p>\n\n\n\n

<\/div>\n\n\n\n

--> The sale takes place on the 8th Of February, with over 2000 people signed up to witness the first sale of a house as an NFT in the U.S.<\/p>\n","post_title":"Florida Home Listed For Sale, As An NFT","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"florida-home-listed-for-sale-as-an-nft","to_ping":"","pinged":"","post_modified":"2022-02-16 21:44:00","post_modified_gmt":"2022-02-16 10:44:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3398","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":1529,"post_author":"1","post_date":"2021-10-29 17:25:31","post_date_gmt":"2021-10-29 06:25:31","post_content":"\n

One of the largest art sales in history may have just taken place, CryptoPunk #9888 sold for $530 Million.<\/p>\n\n\n\n

Although, this is no more than just an elaborate hoax. See it is hard to trick people when you buy your own artwork, especially on a public blockchain.<\/p>\n\n\n\n

A Twitter bot tracking the sales of every CryptoPunk tweeted this on Thursday night shortly after 8 pm. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/cryptopunksbot\/status\/1453872415591829504\n<\/div><\/figure>\n\n\n\n

You may wonder \"What makes this NFT worth half a billion dollars?<\/a>\" and the truth is, not much actually. <\/p>\n\n\n\n

Using Rarity<\/a> ranks its Rarity Score at a mere 136.49<\/a>, compared to Punk #7804 which actually sold for $7.57M and has a rarity score of 2329.18<\/a>.<\/p>\n\n\n\n

Due to the fact this punk lacks desirable features from a collectors perspective, it quickly attracted attention to how it could sell for this sum of money. <\/p>\n\n\n\n

A look at the Ethereum Blockchain Ledger shows that it was nothing more than smart, smart contract trickery.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/nanexcool\/status\/1453874296812670976\n<\/div><\/figure>\n\n\n\n

Why Would You Buy Your Own NFT?<\/h2>\n\n\n\n

The purchase was made using a flash loan contract, essentially this is a loan that is repaid immediately. <\/p>\n\n\n\n

The owner of this Punk bought his own Cryptopunk and instantly paid back his loan, using smart arbitrage he bought millions of eyes onto his NFT for only $800 in Ethereum Gas Fees.<\/p>\n\n\n\n

Is this purely genius marketing to a not so spectacular Cryptopunk?<\/p>\n","post_title":"What's Behind The $530M CryptoPunk #9998","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptopunk-9998","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:56","post_modified_gmt":"2022-03-14 10:05:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1529","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 3 4 5

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The RIAA insists HitPiece stop infringing on the intellectual rights of the musicians for selling NFTs of their music without the consent of the original artists. This is nothing new, HitPiece has been criticized in the past by both artists and fans for the same reason. After an apology<\/a> from the company on February 2nd, this wasn't enough.<\/p>\n\n\n\n

The line was crossed and the FIAA decided to step in to take legal action and show that there is no playing around in this industry.<\/p>\n\n\n\n

\u201cHitPiece appears to be little more than a scam operation designed to trade on fans\u2019 love of music and desire to connect more closely with artists, using buzzwords and jargon to gloss over their complete failure to obtain necessary rights. Fans were led to believe they were purchasing an NFT genuinely associated with an artist and their work when that was not at all the case. While the operators appear to have taken the main HitPiece site offline for now, this move was necessary to ensure a fair accounting for the harm HitPiece and its operators have already done and to ensure that this site or copycats don\u2019t simply resume their scams under another name.\u201d<\/strong><\/em><\/p>Ken Doroshow, RIAA Chief Legal Officer<\/cite><\/blockquote>\n","post_title":"NFT Platform HitPiece Receives Cease And Desist Letter From Recording Industry Association","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nft-platform-hitpiece-receives-cease-and-desist-letter-from-recording-industry-association","to_ping":"","pinged":"","post_modified":"2023-04-11 12:55:43","post_modified_gmt":"2023-04-11 02:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3413","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3398,"post_author":"1","post_date":"2022-02-06 23:17:56","post_date_gmt":"2022-02-06 12:17:56","post_content":"\n

A home in Gulfport, Florida will be auctioned off as an NFT. Real Estate Technology company, Propy<\/a>, will be minting the property through a digital auction<\/a>. The NFT will hold the rights to the house, in a digital form, while also serving as the LLC. This will protect the rights and ownership of the property. <\/p>\n\n\n\n

This will be the second property to be sold as an NFT by Propy, following the sale<\/a> of TechCrunch founder, Micheal Arrington's, Kyiv Apartment for 36 ETH.<\/p>\n\n\n\n

Why Sell A Property As An NFT?<\/h2>\n\n\n\n

The current owner of the property, Leslie Alessandra, stated she chose to list the home as an NFT to demonstrate the use of evolving technology. <\/p>\n\n\n\n

\u201cIs this just hype or is there a real world application? (The auction) is really to stimulate conversation,\u201d<\/em><\/strong><\/p>Leslie Alessandra on Tampa Bay Times<\/a><\/cite><\/blockquote>\n\n\n\n

Whats The Paperwork Like?<\/h2>\n\n\n\n

The legal landscape of asset ownership has had to evolve quickly in the past few years to accommodate the adoption of digital assets, and this is no exception. <\/p>\n\n\n\n

Any purchase of a property must be recorded in the county's recorders office, this is to facilitate the transfer of ownership rights. A legal entity must exist to transfer the property to, which is where NFTs are used in more public scenes, representing an LLC.<\/p>\n\n\n\n

<\/div>\n\n\n\n

--> The sale takes place on the 8th Of February, with over 2000 people signed up to witness the first sale of a house as an NFT in the U.S.<\/p>\n","post_title":"Florida Home Listed For Sale, As An NFT","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"florida-home-listed-for-sale-as-an-nft","to_ping":"","pinged":"","post_modified":"2022-02-16 21:44:00","post_modified_gmt":"2022-02-16 10:44:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3398","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":1529,"post_author":"1","post_date":"2021-10-29 17:25:31","post_date_gmt":"2021-10-29 06:25:31","post_content":"\n

One of the largest art sales in history may have just taken place, CryptoPunk #9888 sold for $530 Million.<\/p>\n\n\n\n

Although, this is no more than just an elaborate hoax. See it is hard to trick people when you buy your own artwork, especially on a public blockchain.<\/p>\n\n\n\n

A Twitter bot tracking the sales of every CryptoPunk tweeted this on Thursday night shortly after 8 pm. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/cryptopunksbot\/status\/1453872415591829504\n<\/div><\/figure>\n\n\n\n

You may wonder \"What makes this NFT worth half a billion dollars?<\/a>\" and the truth is, not much actually. <\/p>\n\n\n\n

Using Rarity<\/a> ranks its Rarity Score at a mere 136.49<\/a>, compared to Punk #7804 which actually sold for $7.57M and has a rarity score of 2329.18<\/a>.<\/p>\n\n\n\n

Due to the fact this punk lacks desirable features from a collectors perspective, it quickly attracted attention to how it could sell for this sum of money. <\/p>\n\n\n\n

A look at the Ethereum Blockchain Ledger shows that it was nothing more than smart, smart contract trickery.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/nanexcool\/status\/1453874296812670976\n<\/div><\/figure>\n\n\n\n

Why Would You Buy Your Own NFT?<\/h2>\n\n\n\n

The purchase was made using a flash loan contract, essentially this is a loan that is repaid immediately. <\/p>\n\n\n\n

The owner of this Punk bought his own Cryptopunk and instantly paid back his loan, using smart arbitrage he bought millions of eyes onto his NFT for only $800 in Ethereum Gas Fees.<\/p>\n\n\n\n

Is this purely genius marketing to a not so spectacular Cryptopunk?<\/p>\n","post_title":"What's Behind The $530M CryptoPunk #9998","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptopunk-9998","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:56","post_modified_gmt":"2022-03-14 10:05:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1529","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 3 4 5

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The Recording Industry Association of America (RIAA) calls for an end to \"bogus\" NFT site HitPiece<\/a>'s infringement of artists' rights. The cease and desist was forwarded<\/a> to the attorneys of HitPiece on February 4th, 2022.<\/p>\n\n\n\n

The RIAA insists HitPiece stop infringing on the intellectual rights of the musicians for selling NFTs of their music without the consent of the original artists. This is nothing new, HitPiece has been criticized in the past by both artists and fans for the same reason. After an apology<\/a> from the company on February 2nd, this wasn't enough.<\/p>\n\n\n\n

The line was crossed and the FIAA decided to step in to take legal action and show that there is no playing around in this industry.<\/p>\n\n\n\n

\u201cHitPiece appears to be little more than a scam operation designed to trade on fans\u2019 love of music and desire to connect more closely with artists, using buzzwords and jargon to gloss over their complete failure to obtain necessary rights. Fans were led to believe they were purchasing an NFT genuinely associated with an artist and their work when that was not at all the case. While the operators appear to have taken the main HitPiece site offline for now, this move was necessary to ensure a fair accounting for the harm HitPiece and its operators have already done and to ensure that this site or copycats don\u2019t simply resume their scams under another name.\u201d<\/strong><\/em><\/p>Ken Doroshow, RIAA Chief Legal Officer<\/cite><\/blockquote>\n","post_title":"NFT Platform HitPiece Receives Cease And Desist Letter From Recording Industry Association","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nft-platform-hitpiece-receives-cease-and-desist-letter-from-recording-industry-association","to_ping":"","pinged":"","post_modified":"2023-04-11 12:55:43","post_modified_gmt":"2023-04-11 02:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3413","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3398,"post_author":"1","post_date":"2022-02-06 23:17:56","post_date_gmt":"2022-02-06 12:17:56","post_content":"\n

A home in Gulfport, Florida will be auctioned off as an NFT. Real Estate Technology company, Propy<\/a>, will be minting the property through a digital auction<\/a>. The NFT will hold the rights to the house, in a digital form, while also serving as the LLC. This will protect the rights and ownership of the property. <\/p>\n\n\n\n

This will be the second property to be sold as an NFT by Propy, following the sale<\/a> of TechCrunch founder, Micheal Arrington's, Kyiv Apartment for 36 ETH.<\/p>\n\n\n\n

Why Sell A Property As An NFT?<\/h2>\n\n\n\n

The current owner of the property, Leslie Alessandra, stated she chose to list the home as an NFT to demonstrate the use of evolving technology. <\/p>\n\n\n\n

\u201cIs this just hype or is there a real world application? (The auction) is really to stimulate conversation,\u201d<\/em><\/strong><\/p>Leslie Alessandra on Tampa Bay Times<\/a><\/cite><\/blockquote>\n\n\n\n

Whats The Paperwork Like?<\/h2>\n\n\n\n

The legal landscape of asset ownership has had to evolve quickly in the past few years to accommodate the adoption of digital assets, and this is no exception. <\/p>\n\n\n\n

Any purchase of a property must be recorded in the county's recorders office, this is to facilitate the transfer of ownership rights. A legal entity must exist to transfer the property to, which is where NFTs are used in more public scenes, representing an LLC.<\/p>\n\n\n\n

<\/div>\n\n\n\n

--> The sale takes place on the 8th Of February, with over 2000 people signed up to witness the first sale of a house as an NFT in the U.S.<\/p>\n","post_title":"Florida Home Listed For Sale, As An NFT","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"florida-home-listed-for-sale-as-an-nft","to_ping":"","pinged":"","post_modified":"2022-02-16 21:44:00","post_modified_gmt":"2022-02-16 10:44:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3398","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":1529,"post_author":"1","post_date":"2021-10-29 17:25:31","post_date_gmt":"2021-10-29 06:25:31","post_content":"\n

One of the largest art sales in history may have just taken place, CryptoPunk #9888 sold for $530 Million.<\/p>\n\n\n\n

Although, this is no more than just an elaborate hoax. See it is hard to trick people when you buy your own artwork, especially on a public blockchain.<\/p>\n\n\n\n

A Twitter bot tracking the sales of every CryptoPunk tweeted this on Thursday night shortly after 8 pm. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/cryptopunksbot\/status\/1453872415591829504\n<\/div><\/figure>\n\n\n\n

You may wonder \"What makes this NFT worth half a billion dollars?<\/a>\" and the truth is, not much actually. <\/p>\n\n\n\n

Using Rarity<\/a> ranks its Rarity Score at a mere 136.49<\/a>, compared to Punk #7804 which actually sold for $7.57M and has a rarity score of 2329.18<\/a>.<\/p>\n\n\n\n

Due to the fact this punk lacks desirable features from a collectors perspective, it quickly attracted attention to how it could sell for this sum of money. <\/p>\n\n\n\n

A look at the Ethereum Blockchain Ledger shows that it was nothing more than smart, smart contract trickery.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/nanexcool\/status\/1453874296812670976\n<\/div><\/figure>\n\n\n\n

Why Would You Buy Your Own NFT?<\/h2>\n\n\n\n

The purchase was made using a flash loan contract, essentially this is a loan that is repaid immediately. <\/p>\n\n\n\n

The owner of this Punk bought his own Cryptopunk and instantly paid back his loan, using smart arbitrage he bought millions of eyes onto his NFT for only $800 in Ethereum Gas Fees.<\/p>\n\n\n\n

Is this purely genius marketing to a not so spectacular Cryptopunk?<\/p>\n","post_title":"What's Behind The $530M CryptoPunk #9998","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptopunk-9998","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:56","post_modified_gmt":"2022-03-14 10:05:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1529","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 3 4 5

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Jordan Birnholtz, CMO and co-founder of Neon states that \u201cwhile only 2% of Americans have digital wallets, 80% have a credit card or debit card,\u201d adding that \u201cNeon started with fiat because our mission is unique, to bring digital art and collecting to the largest possible audience,\u201d<\/p>\n","post_title":"World's First NFT Vending Machine Launched In NYC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"worlds-first-nft-vending-machine-launched-in-nyc","to_ping":"","pinged":"","post_modified":"2022-02-23 19:11:57","post_modified_gmt":"2022-02-23 08:11:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3564","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3413,"post_author":"1","post_date":"2022-02-08 21:35:14","post_date_gmt":"2022-02-08 10:35:14","post_content":"\n

The Recording Industry Association of America (RIAA) calls for an end to \"bogus\" NFT site HitPiece<\/a>'s infringement of artists' rights. The cease and desist was forwarded<\/a> to the attorneys of HitPiece on February 4th, 2022.<\/p>\n\n\n\n

The RIAA insists HitPiece stop infringing on the intellectual rights of the musicians for selling NFTs of their music without the consent of the original artists. This is nothing new, HitPiece has been criticized in the past by both artists and fans for the same reason. After an apology<\/a> from the company on February 2nd, this wasn't enough.<\/p>\n\n\n\n

The line was crossed and the FIAA decided to step in to take legal action and show that there is no playing around in this industry.<\/p>\n\n\n\n

\u201cHitPiece appears to be little more than a scam operation designed to trade on fans\u2019 love of music and desire to connect more closely with artists, using buzzwords and jargon to gloss over their complete failure to obtain necessary rights. Fans were led to believe they were purchasing an NFT genuinely associated with an artist and their work when that was not at all the case. While the operators appear to have taken the main HitPiece site offline for now, this move was necessary to ensure a fair accounting for the harm HitPiece and its operators have already done and to ensure that this site or copycats don\u2019t simply resume their scams under another name.\u201d<\/strong><\/em><\/p>Ken Doroshow, RIAA Chief Legal Officer<\/cite><\/blockquote>\n","post_title":"NFT Platform HitPiece Receives Cease And Desist Letter From Recording Industry Association","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nft-platform-hitpiece-receives-cease-and-desist-letter-from-recording-industry-association","to_ping":"","pinged":"","post_modified":"2023-04-11 12:55:43","post_modified_gmt":"2023-04-11 02:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3413","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3398,"post_author":"1","post_date":"2022-02-06 23:17:56","post_date_gmt":"2022-02-06 12:17:56","post_content":"\n

A home in Gulfport, Florida will be auctioned off as an NFT. Real Estate Technology company, Propy<\/a>, will be minting the property through a digital auction<\/a>. The NFT will hold the rights to the house, in a digital form, while also serving as the LLC. This will protect the rights and ownership of the property. <\/p>\n\n\n\n

This will be the second property to be sold as an NFT by Propy, following the sale<\/a> of TechCrunch founder, Micheal Arrington's, Kyiv Apartment for 36 ETH.<\/p>\n\n\n\n

Why Sell A Property As An NFT?<\/h2>\n\n\n\n

The current owner of the property, Leslie Alessandra, stated she chose to list the home as an NFT to demonstrate the use of evolving technology. <\/p>\n\n\n\n

\u201cIs this just hype or is there a real world application? (The auction) is really to stimulate conversation,\u201d<\/em><\/strong><\/p>Leslie Alessandra on Tampa Bay Times<\/a><\/cite><\/blockquote>\n\n\n\n

Whats The Paperwork Like?<\/h2>\n\n\n\n

The legal landscape of asset ownership has had to evolve quickly in the past few years to accommodate the adoption of digital assets, and this is no exception. <\/p>\n\n\n\n

Any purchase of a property must be recorded in the county's recorders office, this is to facilitate the transfer of ownership rights. A legal entity must exist to transfer the property to, which is where NFTs are used in more public scenes, representing an LLC.<\/p>\n\n\n\n

<\/div>\n\n\n\n

--> The sale takes place on the 8th Of February, with over 2000 people signed up to witness the first sale of a house as an NFT in the U.S.<\/p>\n","post_title":"Florida Home Listed For Sale, As An NFT","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"florida-home-listed-for-sale-as-an-nft","to_ping":"","pinged":"","post_modified":"2022-02-16 21:44:00","post_modified_gmt":"2022-02-16 10:44:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3398","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":1529,"post_author":"1","post_date":"2021-10-29 17:25:31","post_date_gmt":"2021-10-29 06:25:31","post_content":"\n

One of the largest art sales in history may have just taken place, CryptoPunk #9888 sold for $530 Million.<\/p>\n\n\n\n

Although, this is no more than just an elaborate hoax. See it is hard to trick people when you buy your own artwork, especially on a public blockchain.<\/p>\n\n\n\n

A Twitter bot tracking the sales of every CryptoPunk tweeted this on Thursday night shortly after 8 pm. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/cryptopunksbot\/status\/1453872415591829504\n<\/div><\/figure>\n\n\n\n

You may wonder \"What makes this NFT worth half a billion dollars?<\/a>\" and the truth is, not much actually. <\/p>\n\n\n\n

Using Rarity<\/a> ranks its Rarity Score at a mere 136.49<\/a>, compared to Punk #7804 which actually sold for $7.57M and has a rarity score of 2329.18<\/a>.<\/p>\n\n\n\n

Due to the fact this punk lacks desirable features from a collectors perspective, it quickly attracted attention to how it could sell for this sum of money. <\/p>\n\n\n\n

A look at the Ethereum Blockchain Ledger shows that it was nothing more than smart, smart contract trickery.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/nanexcool\/status\/1453874296812670976\n<\/div><\/figure>\n\n\n\n

Why Would You Buy Your Own NFT?<\/h2>\n\n\n\n

The purchase was made using a flash loan contract, essentially this is a loan that is repaid immediately. <\/p>\n\n\n\n

The owner of this Punk bought his own Cryptopunk and instantly paid back his loan, using smart arbitrage he bought millions of eyes onto his NFT for only $800 in Ethereum Gas Fees.<\/p>\n\n\n\n

Is this purely genius marketing to a not so spectacular Cryptopunk?<\/p>\n","post_title":"What's Behind The $530M CryptoPunk #9998","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptopunk-9998","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:56","post_modified_gmt":"2022-03-14 10:05:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1529","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 3 4 5

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Purchasing an NFT can be a daunting task to those not familiar with Web 3 and Blockchain. Neon hopes to \"bring digital art and collecting to the largest possible audience\". An NFT vending machine is surely one way to attract a lot of attention.<\/p>\n\n\n\n

Jordan Birnholtz, CMO and co-founder of Neon states that \u201cwhile only 2% of Americans have digital wallets, 80% have a credit card or debit card,\u201d adding that \u201cNeon started with fiat because our mission is unique, to bring digital art and collecting to the largest possible audience,\u201d<\/p>\n","post_title":"World's First NFT Vending Machine Launched In NYC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"worlds-first-nft-vending-machine-launched-in-nyc","to_ping":"","pinged":"","post_modified":"2022-02-23 19:11:57","post_modified_gmt":"2022-02-23 08:11:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3564","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3413,"post_author":"1","post_date":"2022-02-08 21:35:14","post_date_gmt":"2022-02-08 10:35:14","post_content":"\n

The Recording Industry Association of America (RIAA) calls for an end to \"bogus\" NFT site HitPiece<\/a>'s infringement of artists' rights. The cease and desist was forwarded<\/a> to the attorneys of HitPiece on February 4th, 2022.<\/p>\n\n\n\n

The RIAA insists HitPiece stop infringing on the intellectual rights of the musicians for selling NFTs of their music without the consent of the original artists. This is nothing new, HitPiece has been criticized in the past by both artists and fans for the same reason. After an apology<\/a> from the company on February 2nd, this wasn't enough.<\/p>\n\n\n\n

The line was crossed and the FIAA decided to step in to take legal action and show that there is no playing around in this industry.<\/p>\n\n\n\n

\u201cHitPiece appears to be little more than a scam operation designed to trade on fans\u2019 love of music and desire to connect more closely with artists, using buzzwords and jargon to gloss over their complete failure to obtain necessary rights. Fans were led to believe they were purchasing an NFT genuinely associated with an artist and their work when that was not at all the case. While the operators appear to have taken the main HitPiece site offline for now, this move was necessary to ensure a fair accounting for the harm HitPiece and its operators have already done and to ensure that this site or copycats don\u2019t simply resume their scams under another name.\u201d<\/strong><\/em><\/p>Ken Doroshow, RIAA Chief Legal Officer<\/cite><\/blockquote>\n","post_title":"NFT Platform HitPiece Receives Cease And Desist Letter From Recording Industry Association","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nft-platform-hitpiece-receives-cease-and-desist-letter-from-recording-industry-association","to_ping":"","pinged":"","post_modified":"2023-04-11 12:55:43","post_modified_gmt":"2023-04-11 02:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3413","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3398,"post_author":"1","post_date":"2022-02-06 23:17:56","post_date_gmt":"2022-02-06 12:17:56","post_content":"\n

A home in Gulfport, Florida will be auctioned off as an NFT. Real Estate Technology company, Propy<\/a>, will be minting the property through a digital auction<\/a>. The NFT will hold the rights to the house, in a digital form, while also serving as the LLC. This will protect the rights and ownership of the property. <\/p>\n\n\n\n

This will be the second property to be sold as an NFT by Propy, following the sale<\/a> of TechCrunch founder, Micheal Arrington's, Kyiv Apartment for 36 ETH.<\/p>\n\n\n\n

Why Sell A Property As An NFT?<\/h2>\n\n\n\n

The current owner of the property, Leslie Alessandra, stated she chose to list the home as an NFT to demonstrate the use of evolving technology. <\/p>\n\n\n\n

\u201cIs this just hype or is there a real world application? (The auction) is really to stimulate conversation,\u201d<\/em><\/strong><\/p>Leslie Alessandra on Tampa Bay Times<\/a><\/cite><\/blockquote>\n\n\n\n

Whats The Paperwork Like?<\/h2>\n\n\n\n

The legal landscape of asset ownership has had to evolve quickly in the past few years to accommodate the adoption of digital assets, and this is no exception. <\/p>\n\n\n\n

Any purchase of a property must be recorded in the county's recorders office, this is to facilitate the transfer of ownership rights. A legal entity must exist to transfer the property to, which is where NFTs are used in more public scenes, representing an LLC.<\/p>\n\n\n\n

<\/div>\n\n\n\n

--> The sale takes place on the 8th Of February, with over 2000 people signed up to witness the first sale of a house as an NFT in the U.S.<\/p>\n","post_title":"Florida Home Listed For Sale, As An NFT","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"florida-home-listed-for-sale-as-an-nft","to_ping":"","pinged":"","post_modified":"2022-02-16 21:44:00","post_modified_gmt":"2022-02-16 10:44:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3398","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":1529,"post_author":"1","post_date":"2021-10-29 17:25:31","post_date_gmt":"2021-10-29 06:25:31","post_content":"\n

One of the largest art sales in history may have just taken place, CryptoPunk #9888 sold for $530 Million.<\/p>\n\n\n\n

Although, this is no more than just an elaborate hoax. See it is hard to trick people when you buy your own artwork, especially on a public blockchain.<\/p>\n\n\n\n

A Twitter bot tracking the sales of every CryptoPunk tweeted this on Thursday night shortly after 8 pm. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/cryptopunksbot\/status\/1453872415591829504\n<\/div><\/figure>\n\n\n\n

You may wonder \"What makes this NFT worth half a billion dollars?<\/a>\" and the truth is, not much actually. <\/p>\n\n\n\n

Using Rarity<\/a> ranks its Rarity Score at a mere 136.49<\/a>, compared to Punk #7804 which actually sold for $7.57M and has a rarity score of 2329.18<\/a>.<\/p>\n\n\n\n

Due to the fact this punk lacks desirable features from a collectors perspective, it quickly attracted attention to how it could sell for this sum of money. <\/p>\n\n\n\n

A look at the Ethereum Blockchain Ledger shows that it was nothing more than smart, smart contract trickery.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/nanexcool\/status\/1453874296812670976\n<\/div><\/figure>\n\n\n\n

Why Would You Buy Your Own NFT?<\/h2>\n\n\n\n

The purchase was made using a flash loan contract, essentially this is a loan that is repaid immediately. <\/p>\n\n\n\n

The owner of this Punk bought his own Cryptopunk and instantly paid back his loan, using smart arbitrage he bought millions of eyes onto his NFT for only $800 in Ethereum Gas Fees.<\/p>\n\n\n\n

Is this purely genius marketing to a not so spectacular Cryptopunk?<\/p>\n","post_title":"What's Behind The $530M CryptoPunk #9998","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptopunk-9998","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:56","post_modified_gmt":"2022-03-14 10:05:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1529","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 3 4 5

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

In order to make NFTs more accessible to the public Neon\u2019s machine doesn\u2019t require any cryptocurrency. This allows for the public to buy an NFT without having to sign up prior to doing so. <\/p>\n\n\n\n

Purchasing an NFT can be a daunting task to those not familiar with Web 3 and Blockchain. Neon hopes to \"bring digital art and collecting to the largest possible audience\". An NFT vending machine is surely one way to attract a lot of attention.<\/p>\n\n\n\n

Jordan Birnholtz, CMO and co-founder of Neon states that \u201cwhile only 2% of Americans have digital wallets, 80% have a credit card or debit card,\u201d adding that \u201cNeon started with fiat because our mission is unique, to bring digital art and collecting to the largest possible audience,\u201d<\/p>\n","post_title":"World's First NFT Vending Machine Launched In NYC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"worlds-first-nft-vending-machine-launched-in-nyc","to_ping":"","pinged":"","post_modified":"2022-02-23 19:11:57","post_modified_gmt":"2022-02-23 08:11:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3564","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3413,"post_author":"1","post_date":"2022-02-08 21:35:14","post_date_gmt":"2022-02-08 10:35:14","post_content":"\n

The Recording Industry Association of America (RIAA) calls for an end to \"bogus\" NFT site HitPiece<\/a>'s infringement of artists' rights. The cease and desist was forwarded<\/a> to the attorneys of HitPiece on February 4th, 2022.<\/p>\n\n\n\n

The RIAA insists HitPiece stop infringing on the intellectual rights of the musicians for selling NFTs of their music without the consent of the original artists. This is nothing new, HitPiece has been criticized in the past by both artists and fans for the same reason. After an apology<\/a> from the company on February 2nd, this wasn't enough.<\/p>\n\n\n\n

The line was crossed and the FIAA decided to step in to take legal action and show that there is no playing around in this industry.<\/p>\n\n\n\n

\u201cHitPiece appears to be little more than a scam operation designed to trade on fans\u2019 love of music and desire to connect more closely with artists, using buzzwords and jargon to gloss over their complete failure to obtain necessary rights. Fans were led to believe they were purchasing an NFT genuinely associated with an artist and their work when that was not at all the case. While the operators appear to have taken the main HitPiece site offline for now, this move was necessary to ensure a fair accounting for the harm HitPiece and its operators have already done and to ensure that this site or copycats don\u2019t simply resume their scams under another name.\u201d<\/strong><\/em><\/p>Ken Doroshow, RIAA Chief Legal Officer<\/cite><\/blockquote>\n","post_title":"NFT Platform HitPiece Receives Cease And Desist Letter From Recording Industry Association","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nft-platform-hitpiece-receives-cease-and-desist-letter-from-recording-industry-association","to_ping":"","pinged":"","post_modified":"2023-04-11 12:55:43","post_modified_gmt":"2023-04-11 02:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3413","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3398,"post_author":"1","post_date":"2022-02-06 23:17:56","post_date_gmt":"2022-02-06 12:17:56","post_content":"\n

A home in Gulfport, Florida will be auctioned off as an NFT. Real Estate Technology company, Propy<\/a>, will be minting the property through a digital auction<\/a>. The NFT will hold the rights to the house, in a digital form, while also serving as the LLC. This will protect the rights and ownership of the property. <\/p>\n\n\n\n

This will be the second property to be sold as an NFT by Propy, following the sale<\/a> of TechCrunch founder, Micheal Arrington's, Kyiv Apartment for 36 ETH.<\/p>\n\n\n\n

Why Sell A Property As An NFT?<\/h2>\n\n\n\n

The current owner of the property, Leslie Alessandra, stated she chose to list the home as an NFT to demonstrate the use of evolving technology. <\/p>\n\n\n\n

\u201cIs this just hype or is there a real world application? (The auction) is really to stimulate conversation,\u201d<\/em><\/strong><\/p>Leslie Alessandra on Tampa Bay Times<\/a><\/cite><\/blockquote>\n\n\n\n

Whats The Paperwork Like?<\/h2>\n\n\n\n

The legal landscape of asset ownership has had to evolve quickly in the past few years to accommodate the adoption of digital assets, and this is no exception. <\/p>\n\n\n\n

Any purchase of a property must be recorded in the county's recorders office, this is to facilitate the transfer of ownership rights. A legal entity must exist to transfer the property to, which is where NFTs are used in more public scenes, representing an LLC.<\/p>\n\n\n\n

<\/div>\n\n\n\n

--> The sale takes place on the 8th Of February, with over 2000 people signed up to witness the first sale of a house as an NFT in the U.S.<\/p>\n","post_title":"Florida Home Listed For Sale, As An NFT","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"florida-home-listed-for-sale-as-an-nft","to_ping":"","pinged":"","post_modified":"2022-02-16 21:44:00","post_modified_gmt":"2022-02-16 10:44:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3398","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":1529,"post_author":"1","post_date":"2021-10-29 17:25:31","post_date_gmt":"2021-10-29 06:25:31","post_content":"\n

One of the largest art sales in history may have just taken place, CryptoPunk #9888 sold for $530 Million.<\/p>\n\n\n\n

Although, this is no more than just an elaborate hoax. See it is hard to trick people when you buy your own artwork, especially on a public blockchain.<\/p>\n\n\n\n

A Twitter bot tracking the sales of every CryptoPunk tweeted this on Thursday night shortly after 8 pm. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/cryptopunksbot\/status\/1453872415591829504\n<\/div><\/figure>\n\n\n\n

You may wonder \"What makes this NFT worth half a billion dollars?<\/a>\" and the truth is, not much actually. <\/p>\n\n\n\n

Using Rarity<\/a> ranks its Rarity Score at a mere 136.49<\/a>, compared to Punk #7804 which actually sold for $7.57M and has a rarity score of 2329.18<\/a>.<\/p>\n\n\n\n

Due to the fact this punk lacks desirable features from a collectors perspective, it quickly attracted attention to how it could sell for this sum of money. <\/p>\n\n\n\n

A look at the Ethereum Blockchain Ledger shows that it was nothing more than smart, smart contract trickery.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/nanexcool\/status\/1453874296812670976\n<\/div><\/figure>\n\n\n\n

Why Would You Buy Your Own NFT?<\/h2>\n\n\n\n

The purchase was made using a flash loan contract, essentially this is a loan that is repaid immediately. <\/p>\n\n\n\n

The owner of this Punk bought his own Cryptopunk and instantly paid back his loan, using smart arbitrage he bought millions of eyes onto his NFT for only $800 in Ethereum Gas Fees.<\/p>\n\n\n\n

Is this purely genius marketing to a not so spectacular Cryptopunk?<\/p>\n","post_title":"What's Behind The $530M CryptoPunk #9998","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptopunk-9998","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:56","post_modified_gmt":"2022-03-14 10:05:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1529","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 3 4 5

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Why A Vending Machine?<\/h2>\n\n\n\n

In order to make NFTs more accessible to the public Neon\u2019s machine doesn\u2019t require any cryptocurrency. This allows for the public to buy an NFT without having to sign up prior to doing so. <\/p>\n\n\n\n

Purchasing an NFT can be a daunting task to those not familiar with Web 3 and Blockchain. Neon hopes to \"bring digital art and collecting to the largest possible audience\". An NFT vending machine is surely one way to attract a lot of attention.<\/p>\n\n\n\n

Jordan Birnholtz, CMO and co-founder of Neon states that \u201cwhile only 2% of Americans have digital wallets, 80% have a credit card or debit card,\u201d adding that \u201cNeon started with fiat because our mission is unique, to bring digital art and collecting to the largest possible audience,\u201d<\/p>\n","post_title":"World's First NFT Vending Machine Launched In NYC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"worlds-first-nft-vending-machine-launched-in-nyc","to_ping":"","pinged":"","post_modified":"2022-02-23 19:11:57","post_modified_gmt":"2022-02-23 08:11:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3564","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3413,"post_author":"1","post_date":"2022-02-08 21:35:14","post_date_gmt":"2022-02-08 10:35:14","post_content":"\n

The Recording Industry Association of America (RIAA) calls for an end to \"bogus\" NFT site HitPiece<\/a>'s infringement of artists' rights. The cease and desist was forwarded<\/a> to the attorneys of HitPiece on February 4th, 2022.<\/p>\n\n\n\n

The RIAA insists HitPiece stop infringing on the intellectual rights of the musicians for selling NFTs of their music without the consent of the original artists. This is nothing new, HitPiece has been criticized in the past by both artists and fans for the same reason. After an apology<\/a> from the company on February 2nd, this wasn't enough.<\/p>\n\n\n\n

The line was crossed and the FIAA decided to step in to take legal action and show that there is no playing around in this industry.<\/p>\n\n\n\n

\u201cHitPiece appears to be little more than a scam operation designed to trade on fans\u2019 love of music and desire to connect more closely with artists, using buzzwords and jargon to gloss over their complete failure to obtain necessary rights. Fans were led to believe they were purchasing an NFT genuinely associated with an artist and their work when that was not at all the case. While the operators appear to have taken the main HitPiece site offline for now, this move was necessary to ensure a fair accounting for the harm HitPiece and its operators have already done and to ensure that this site or copycats don\u2019t simply resume their scams under another name.\u201d<\/strong><\/em><\/p>Ken Doroshow, RIAA Chief Legal Officer<\/cite><\/blockquote>\n","post_title":"NFT Platform HitPiece Receives Cease And Desist Letter From Recording Industry Association","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nft-platform-hitpiece-receives-cease-and-desist-letter-from-recording-industry-association","to_ping":"","pinged":"","post_modified":"2023-04-11 12:55:43","post_modified_gmt":"2023-04-11 02:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3413","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3398,"post_author":"1","post_date":"2022-02-06 23:17:56","post_date_gmt":"2022-02-06 12:17:56","post_content":"\n

A home in Gulfport, Florida will be auctioned off as an NFT. Real Estate Technology company, Propy<\/a>, will be minting the property through a digital auction<\/a>. The NFT will hold the rights to the house, in a digital form, while also serving as the LLC. This will protect the rights and ownership of the property. <\/p>\n\n\n\n

This will be the second property to be sold as an NFT by Propy, following the sale<\/a> of TechCrunch founder, Micheal Arrington's, Kyiv Apartment for 36 ETH.<\/p>\n\n\n\n

Why Sell A Property As An NFT?<\/h2>\n\n\n\n

The current owner of the property, Leslie Alessandra, stated she chose to list the home as an NFT to demonstrate the use of evolving technology. <\/p>\n\n\n\n

\u201cIs this just hype or is there a real world application? (The auction) is really to stimulate conversation,\u201d<\/em><\/strong><\/p>Leslie Alessandra on Tampa Bay Times<\/a><\/cite><\/blockquote>\n\n\n\n

Whats The Paperwork Like?<\/h2>\n\n\n\n

The legal landscape of asset ownership has had to evolve quickly in the past few years to accommodate the adoption of digital assets, and this is no exception. <\/p>\n\n\n\n

Any purchase of a property must be recorded in the county's recorders office, this is to facilitate the transfer of ownership rights. A legal entity must exist to transfer the property to, which is where NFTs are used in more public scenes, representing an LLC.<\/p>\n\n\n\n

<\/div>\n\n\n\n

--> The sale takes place on the 8th Of February, with over 2000 people signed up to witness the first sale of a house as an NFT in the U.S.<\/p>\n","post_title":"Florida Home Listed For Sale, As An NFT","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"florida-home-listed-for-sale-as-an-nft","to_ping":"","pinged":"","post_modified":"2022-02-16 21:44:00","post_modified_gmt":"2022-02-16 10:44:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3398","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":1529,"post_author":"1","post_date":"2021-10-29 17:25:31","post_date_gmt":"2021-10-29 06:25:31","post_content":"\n

One of the largest art sales in history may have just taken place, CryptoPunk #9888 sold for $530 Million.<\/p>\n\n\n\n

Although, this is no more than just an elaborate hoax. See it is hard to trick people when you buy your own artwork, especially on a public blockchain.<\/p>\n\n\n\n

A Twitter bot tracking the sales of every CryptoPunk tweeted this on Thursday night shortly after 8 pm. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/cryptopunksbot\/status\/1453872415591829504\n<\/div><\/figure>\n\n\n\n

You may wonder \"What makes this NFT worth half a billion dollars?<\/a>\" and the truth is, not much actually. <\/p>\n\n\n\n

Using Rarity<\/a> ranks its Rarity Score at a mere 136.49<\/a>, compared to Punk #7804 which actually sold for $7.57M and has a rarity score of 2329.18<\/a>.<\/p>\n\n\n\n

Due to the fact this punk lacks desirable features from a collectors perspective, it quickly attracted attention to how it could sell for this sum of money. <\/p>\n\n\n\n

A look at the Ethereum Blockchain Ledger shows that it was nothing more than smart, smart contract trickery.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/nanexcool\/status\/1453874296812670976\n<\/div><\/figure>\n\n\n\n

Why Would You Buy Your Own NFT?<\/h2>\n\n\n\n

The purchase was made using a flash loan contract, essentially this is a loan that is repaid immediately. <\/p>\n\n\n\n

The owner of this Punk bought his own Cryptopunk and instantly paid back his loan, using smart arbitrage he bought millions of eyes onto his NFT for only $800 in Ethereum Gas Fees.<\/p>\n\n\n\n

Is this purely genius marketing to a not so spectacular Cryptopunk?<\/p>\n","post_title":"What's Behind The $530M CryptoPunk #9998","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptopunk-9998","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:56","post_modified_gmt":"2022-03-14 10:05:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1529","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 3 4 5

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n
\"\"
Credit: Neon<\/figcaption><\/figure>\n\n\n\n

Why A Vending Machine?<\/h2>\n\n\n\n

In order to make NFTs more accessible to the public Neon\u2019s machine doesn\u2019t require any cryptocurrency. This allows for the public to buy an NFT without having to sign up prior to doing so. <\/p>\n\n\n\n

Purchasing an NFT can be a daunting task to those not familiar with Web 3 and Blockchain. Neon hopes to \"bring digital art and collecting to the largest possible audience\". An NFT vending machine is surely one way to attract a lot of attention.<\/p>\n\n\n\n

Jordan Birnholtz, CMO and co-founder of Neon states that \u201cwhile only 2% of Americans have digital wallets, 80% have a credit card or debit card,\u201d adding that \u201cNeon started with fiat because our mission is unique, to bring digital art and collecting to the largest possible audience,\u201d<\/p>\n","post_title":"World's First NFT Vending Machine Launched In NYC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"worlds-first-nft-vending-machine-launched-in-nyc","to_ping":"","pinged":"","post_modified":"2022-02-23 19:11:57","post_modified_gmt":"2022-02-23 08:11:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3564","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3413,"post_author":"1","post_date":"2022-02-08 21:35:14","post_date_gmt":"2022-02-08 10:35:14","post_content":"\n

The Recording Industry Association of America (RIAA) calls for an end to \"bogus\" NFT site HitPiece<\/a>'s infringement of artists' rights. The cease and desist was forwarded<\/a> to the attorneys of HitPiece on February 4th, 2022.<\/p>\n\n\n\n

The RIAA insists HitPiece stop infringing on the intellectual rights of the musicians for selling NFTs of their music without the consent of the original artists. This is nothing new, HitPiece has been criticized in the past by both artists and fans for the same reason. After an apology<\/a> from the company on February 2nd, this wasn't enough.<\/p>\n\n\n\n

The line was crossed and the FIAA decided to step in to take legal action and show that there is no playing around in this industry.<\/p>\n\n\n\n

\u201cHitPiece appears to be little more than a scam operation designed to trade on fans\u2019 love of music and desire to connect more closely with artists, using buzzwords and jargon to gloss over their complete failure to obtain necessary rights. Fans were led to believe they were purchasing an NFT genuinely associated with an artist and their work when that was not at all the case. While the operators appear to have taken the main HitPiece site offline for now, this move was necessary to ensure a fair accounting for the harm HitPiece and its operators have already done and to ensure that this site or copycats don\u2019t simply resume their scams under another name.\u201d<\/strong><\/em><\/p>Ken Doroshow, RIAA Chief Legal Officer<\/cite><\/blockquote>\n","post_title":"NFT Platform HitPiece Receives Cease And Desist Letter From Recording Industry Association","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nft-platform-hitpiece-receives-cease-and-desist-letter-from-recording-industry-association","to_ping":"","pinged":"","post_modified":"2023-04-11 12:55:43","post_modified_gmt":"2023-04-11 02:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3413","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3398,"post_author":"1","post_date":"2022-02-06 23:17:56","post_date_gmt":"2022-02-06 12:17:56","post_content":"\n

A home in Gulfport, Florida will be auctioned off as an NFT. Real Estate Technology company, Propy<\/a>, will be minting the property through a digital auction<\/a>. The NFT will hold the rights to the house, in a digital form, while also serving as the LLC. This will protect the rights and ownership of the property. <\/p>\n\n\n\n

This will be the second property to be sold as an NFT by Propy, following the sale<\/a> of TechCrunch founder, Micheal Arrington's, Kyiv Apartment for 36 ETH.<\/p>\n\n\n\n

Why Sell A Property As An NFT?<\/h2>\n\n\n\n

The current owner of the property, Leslie Alessandra, stated she chose to list the home as an NFT to demonstrate the use of evolving technology. <\/p>\n\n\n\n

\u201cIs this just hype or is there a real world application? (The auction) is really to stimulate conversation,\u201d<\/em><\/strong><\/p>Leslie Alessandra on Tampa Bay Times<\/a><\/cite><\/blockquote>\n\n\n\n

Whats The Paperwork Like?<\/h2>\n\n\n\n

The legal landscape of asset ownership has had to evolve quickly in the past few years to accommodate the adoption of digital assets, and this is no exception. <\/p>\n\n\n\n

Any purchase of a property must be recorded in the county's recorders office, this is to facilitate the transfer of ownership rights. A legal entity must exist to transfer the property to, which is where NFTs are used in more public scenes, representing an LLC.<\/p>\n\n\n\n

<\/div>\n\n\n\n

--> The sale takes place on the 8th Of February, with over 2000 people signed up to witness the first sale of a house as an NFT in the U.S.<\/p>\n","post_title":"Florida Home Listed For Sale, As An NFT","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"florida-home-listed-for-sale-as-an-nft","to_ping":"","pinged":"","post_modified":"2022-02-16 21:44:00","post_modified_gmt":"2022-02-16 10:44:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3398","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":1529,"post_author":"1","post_date":"2021-10-29 17:25:31","post_date_gmt":"2021-10-29 06:25:31","post_content":"\n

One of the largest art sales in history may have just taken place, CryptoPunk #9888 sold for $530 Million.<\/p>\n\n\n\n

Although, this is no more than just an elaborate hoax. See it is hard to trick people when you buy your own artwork, especially on a public blockchain.<\/p>\n\n\n\n

A Twitter bot tracking the sales of every CryptoPunk tweeted this on Thursday night shortly after 8 pm. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/cryptopunksbot\/status\/1453872415591829504\n<\/div><\/figure>\n\n\n\n

You may wonder \"What makes this NFT worth half a billion dollars?<\/a>\" and the truth is, not much actually. <\/p>\n\n\n\n

Using Rarity<\/a> ranks its Rarity Score at a mere 136.49<\/a>, compared to Punk #7804 which actually sold for $7.57M and has a rarity score of 2329.18<\/a>.<\/p>\n\n\n\n

Due to the fact this punk lacks desirable features from a collectors perspective, it quickly attracted attention to how it could sell for this sum of money. <\/p>\n\n\n\n

A look at the Ethereum Blockchain Ledger shows that it was nothing more than smart, smart contract trickery.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/nanexcool\/status\/1453874296812670976\n<\/div><\/figure>\n\n\n\n

Why Would You Buy Your Own NFT?<\/h2>\n\n\n\n

The purchase was made using a flash loan contract, essentially this is a loan that is repaid immediately. <\/p>\n\n\n\n

The owner of this Punk bought his own Cryptopunk and instantly paid back his loan, using smart arbitrage he bought millions of eyes onto his NFT for only $800 in Ethereum Gas Fees.<\/p>\n\n\n\n

Is this purely genius marketing to a not so spectacular Cryptopunk?<\/p>\n","post_title":"What's Behind The $530M CryptoPunk #9998","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptopunk-9998","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:56","post_modified_gmt":"2022-03-14 10:05:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1529","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 3 4 5

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The machine accepts both debit and credit cards, before dispensing a box with a QR code inside. This QR code is technically your NFT, all you have to do is scan it through Neon's App. Once scanned the NFT will show up in your digital wallet, although the wallet is not required to purchase.<\/p>\n\n\n\n

\"\"
Credit: Neon<\/figcaption><\/figure>\n\n\n\n

Why A Vending Machine?<\/h2>\n\n\n\n

In order to make NFTs more accessible to the public Neon\u2019s machine doesn\u2019t require any cryptocurrency. This allows for the public to buy an NFT without having to sign up prior to doing so. <\/p>\n\n\n\n

Purchasing an NFT can be a daunting task to those not familiar with Web 3 and Blockchain. Neon hopes to \"bring digital art and collecting to the largest possible audience\". An NFT vending machine is surely one way to attract a lot of attention.<\/p>\n\n\n\n

Jordan Birnholtz, CMO and co-founder of Neon states that \u201cwhile only 2% of Americans have digital wallets, 80% have a credit card or debit card,\u201d adding that \u201cNeon started with fiat because our mission is unique, to bring digital art and collecting to the largest possible audience,\u201d<\/p>\n","post_title":"World's First NFT Vending Machine Launched In NYC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"worlds-first-nft-vending-machine-launched-in-nyc","to_ping":"","pinged":"","post_modified":"2022-02-23 19:11:57","post_modified_gmt":"2022-02-23 08:11:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3564","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3413,"post_author":"1","post_date":"2022-02-08 21:35:14","post_date_gmt":"2022-02-08 10:35:14","post_content":"\n

The Recording Industry Association of America (RIAA) calls for an end to \"bogus\" NFT site HitPiece<\/a>'s infringement of artists' rights. The cease and desist was forwarded<\/a> to the attorneys of HitPiece on February 4th, 2022.<\/p>\n\n\n\n

The RIAA insists HitPiece stop infringing on the intellectual rights of the musicians for selling NFTs of their music without the consent of the original artists. This is nothing new, HitPiece has been criticized in the past by both artists and fans for the same reason. After an apology<\/a> from the company on February 2nd, this wasn't enough.<\/p>\n\n\n\n

The line was crossed and the FIAA decided to step in to take legal action and show that there is no playing around in this industry.<\/p>\n\n\n\n

\u201cHitPiece appears to be little more than a scam operation designed to trade on fans\u2019 love of music and desire to connect more closely with artists, using buzzwords and jargon to gloss over their complete failure to obtain necessary rights. Fans were led to believe they were purchasing an NFT genuinely associated with an artist and their work when that was not at all the case. While the operators appear to have taken the main HitPiece site offline for now, this move was necessary to ensure a fair accounting for the harm HitPiece and its operators have already done and to ensure that this site or copycats don\u2019t simply resume their scams under another name.\u201d<\/strong><\/em><\/p>Ken Doroshow, RIAA Chief Legal Officer<\/cite><\/blockquote>\n","post_title":"NFT Platform HitPiece Receives Cease And Desist Letter From Recording Industry Association","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nft-platform-hitpiece-receives-cease-and-desist-letter-from-recording-industry-association","to_ping":"","pinged":"","post_modified":"2023-04-11 12:55:43","post_modified_gmt":"2023-04-11 02:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3413","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3398,"post_author":"1","post_date":"2022-02-06 23:17:56","post_date_gmt":"2022-02-06 12:17:56","post_content":"\n

A home in Gulfport, Florida will be auctioned off as an NFT. Real Estate Technology company, Propy<\/a>, will be minting the property through a digital auction<\/a>. The NFT will hold the rights to the house, in a digital form, while also serving as the LLC. This will protect the rights and ownership of the property. <\/p>\n\n\n\n

This will be the second property to be sold as an NFT by Propy, following the sale<\/a> of TechCrunch founder, Micheal Arrington's, Kyiv Apartment for 36 ETH.<\/p>\n\n\n\n

Why Sell A Property As An NFT?<\/h2>\n\n\n\n

The current owner of the property, Leslie Alessandra, stated she chose to list the home as an NFT to demonstrate the use of evolving technology. <\/p>\n\n\n\n

\u201cIs this just hype or is there a real world application? (The auction) is really to stimulate conversation,\u201d<\/em><\/strong><\/p>Leslie Alessandra on Tampa Bay Times<\/a><\/cite><\/blockquote>\n\n\n\n

Whats The Paperwork Like?<\/h2>\n\n\n\n

The legal landscape of asset ownership has had to evolve quickly in the past few years to accommodate the adoption of digital assets, and this is no exception. <\/p>\n\n\n\n

Any purchase of a property must be recorded in the county's recorders office, this is to facilitate the transfer of ownership rights. A legal entity must exist to transfer the property to, which is where NFTs are used in more public scenes, representing an LLC.<\/p>\n\n\n\n

<\/div>\n\n\n\n

--> The sale takes place on the 8th Of February, with over 2000 people signed up to witness the first sale of a house as an NFT in the U.S.<\/p>\n","post_title":"Florida Home Listed For Sale, As An NFT","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"florida-home-listed-for-sale-as-an-nft","to_ping":"","pinged":"","post_modified":"2022-02-16 21:44:00","post_modified_gmt":"2022-02-16 10:44:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3398","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":1529,"post_author":"1","post_date":"2021-10-29 17:25:31","post_date_gmt":"2021-10-29 06:25:31","post_content":"\n

One of the largest art sales in history may have just taken place, CryptoPunk #9888 sold for $530 Million.<\/p>\n\n\n\n

Although, this is no more than just an elaborate hoax. See it is hard to trick people when you buy your own artwork, especially on a public blockchain.<\/p>\n\n\n\n

A Twitter bot tracking the sales of every CryptoPunk tweeted this on Thursday night shortly after 8 pm. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/cryptopunksbot\/status\/1453872415591829504\n<\/div><\/figure>\n\n\n\n

You may wonder \"What makes this NFT worth half a billion dollars?<\/a>\" and the truth is, not much actually. <\/p>\n\n\n\n

Using Rarity<\/a> ranks its Rarity Score at a mere 136.49<\/a>, compared to Punk #7804 which actually sold for $7.57M and has a rarity score of 2329.18<\/a>.<\/p>\n\n\n\n

Due to the fact this punk lacks desirable features from a collectors perspective, it quickly attracted attention to how it could sell for this sum of money. <\/p>\n\n\n\n

A look at the Ethereum Blockchain Ledger shows that it was nothing more than smart, smart contract trickery.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/nanexcool\/status\/1453874296812670976\n<\/div><\/figure>\n\n\n\n

Why Would You Buy Your Own NFT?<\/h2>\n\n\n\n

The purchase was made using a flash loan contract, essentially this is a loan that is repaid immediately. <\/p>\n\n\n\n

The owner of this Punk bought his own Cryptopunk and instantly paid back his loan, using smart arbitrage he bought millions of eyes onto his NFT for only $800 in Ethereum Gas Fees.<\/p>\n\n\n\n

Is this purely genius marketing to a not so spectacular Cryptopunk?<\/p>\n","post_title":"What's Behind The $530M CryptoPunk #9998","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptopunk-9998","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:56","post_modified_gmt":"2022-03-14 10:05:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1529","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 3 4 5

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

NFT Platform, Neon<\/a>, has launched the first NFT vending machine in the world in New York City's Financial District.<\/p>\n\n\n\n

The machine accepts both debit and credit cards, before dispensing a box with a QR code inside. This QR code is technically your NFT, all you have to do is scan it through Neon's App. Once scanned the NFT will show up in your digital wallet, although the wallet is not required to purchase.<\/p>\n\n\n\n

\"\"
Credit: Neon<\/figcaption><\/figure>\n\n\n\n

Why A Vending Machine?<\/h2>\n\n\n\n

In order to make NFTs more accessible to the public Neon\u2019s machine doesn\u2019t require any cryptocurrency. This allows for the public to buy an NFT without having to sign up prior to doing so. <\/p>\n\n\n\n

Purchasing an NFT can be a daunting task to those not familiar with Web 3 and Blockchain. Neon hopes to \"bring digital art and collecting to the largest possible audience\". An NFT vending machine is surely one way to attract a lot of attention.<\/p>\n\n\n\n

Jordan Birnholtz, CMO and co-founder of Neon states that \u201cwhile only 2% of Americans have digital wallets, 80% have a credit card or debit card,\u201d adding that \u201cNeon started with fiat because our mission is unique, to bring digital art and collecting to the largest possible audience,\u201d<\/p>\n","post_title":"World's First NFT Vending Machine Launched In NYC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"worlds-first-nft-vending-machine-launched-in-nyc","to_ping":"","pinged":"","post_modified":"2022-02-23 19:11:57","post_modified_gmt":"2022-02-23 08:11:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3564","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3413,"post_author":"1","post_date":"2022-02-08 21:35:14","post_date_gmt":"2022-02-08 10:35:14","post_content":"\n

The Recording Industry Association of America (RIAA) calls for an end to \"bogus\" NFT site HitPiece<\/a>'s infringement of artists' rights. The cease and desist was forwarded<\/a> to the attorneys of HitPiece on February 4th, 2022.<\/p>\n\n\n\n

The RIAA insists HitPiece stop infringing on the intellectual rights of the musicians for selling NFTs of their music without the consent of the original artists. This is nothing new, HitPiece has been criticized in the past by both artists and fans for the same reason. After an apology<\/a> from the company on February 2nd, this wasn't enough.<\/p>\n\n\n\n

The line was crossed and the FIAA decided to step in to take legal action and show that there is no playing around in this industry.<\/p>\n\n\n\n

\u201cHitPiece appears to be little more than a scam operation designed to trade on fans\u2019 love of music and desire to connect more closely with artists, using buzzwords and jargon to gloss over their complete failure to obtain necessary rights. Fans were led to believe they were purchasing an NFT genuinely associated with an artist and their work when that was not at all the case. While the operators appear to have taken the main HitPiece site offline for now, this move was necessary to ensure a fair accounting for the harm HitPiece and its operators have already done and to ensure that this site or copycats don\u2019t simply resume their scams under another name.\u201d<\/strong><\/em><\/p>Ken Doroshow, RIAA Chief Legal Officer<\/cite><\/blockquote>\n","post_title":"NFT Platform HitPiece Receives Cease And Desist Letter From Recording Industry Association","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nft-platform-hitpiece-receives-cease-and-desist-letter-from-recording-industry-association","to_ping":"","pinged":"","post_modified":"2023-04-11 12:55:43","post_modified_gmt":"2023-04-11 02:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3413","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3398,"post_author":"1","post_date":"2022-02-06 23:17:56","post_date_gmt":"2022-02-06 12:17:56","post_content":"\n

A home in Gulfport, Florida will be auctioned off as an NFT. Real Estate Technology company, Propy<\/a>, will be minting the property through a digital auction<\/a>. The NFT will hold the rights to the house, in a digital form, while also serving as the LLC. This will protect the rights and ownership of the property. <\/p>\n\n\n\n

This will be the second property to be sold as an NFT by Propy, following the sale<\/a> of TechCrunch founder, Micheal Arrington's, Kyiv Apartment for 36 ETH.<\/p>\n\n\n\n

Why Sell A Property As An NFT?<\/h2>\n\n\n\n

The current owner of the property, Leslie Alessandra, stated she chose to list the home as an NFT to demonstrate the use of evolving technology. <\/p>\n\n\n\n

\u201cIs this just hype or is there a real world application? (The auction) is really to stimulate conversation,\u201d<\/em><\/strong><\/p>Leslie Alessandra on Tampa Bay Times<\/a><\/cite><\/blockquote>\n\n\n\n

Whats The Paperwork Like?<\/h2>\n\n\n\n

The legal landscape of asset ownership has had to evolve quickly in the past few years to accommodate the adoption of digital assets, and this is no exception. <\/p>\n\n\n\n

Any purchase of a property must be recorded in the county's recorders office, this is to facilitate the transfer of ownership rights. A legal entity must exist to transfer the property to, which is where NFTs are used in more public scenes, representing an LLC.<\/p>\n\n\n\n

<\/div>\n\n\n\n

--> The sale takes place on the 8th Of February, with over 2000 people signed up to witness the first sale of a house as an NFT in the U.S.<\/p>\n","post_title":"Florida Home Listed For Sale, As An NFT","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"florida-home-listed-for-sale-as-an-nft","to_ping":"","pinged":"","post_modified":"2022-02-16 21:44:00","post_modified_gmt":"2022-02-16 10:44:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3398","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":1529,"post_author":"1","post_date":"2021-10-29 17:25:31","post_date_gmt":"2021-10-29 06:25:31","post_content":"\n

One of the largest art sales in history may have just taken place, CryptoPunk #9888 sold for $530 Million.<\/p>\n\n\n\n

Although, this is no more than just an elaborate hoax. See it is hard to trick people when you buy your own artwork, especially on a public blockchain.<\/p>\n\n\n\n

A Twitter bot tracking the sales of every CryptoPunk tweeted this on Thursday night shortly after 8 pm. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/cryptopunksbot\/status\/1453872415591829504\n<\/div><\/figure>\n\n\n\n

You may wonder \"What makes this NFT worth half a billion dollars?<\/a>\" and the truth is, not much actually. <\/p>\n\n\n\n

Using Rarity<\/a> ranks its Rarity Score at a mere 136.49<\/a>, compared to Punk #7804 which actually sold for $7.57M and has a rarity score of 2329.18<\/a>.<\/p>\n\n\n\n

Due to the fact this punk lacks desirable features from a collectors perspective, it quickly attracted attention to how it could sell for this sum of money. <\/p>\n\n\n\n

A look at the Ethereum Blockchain Ledger shows that it was nothing more than smart, smart contract trickery.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/nanexcool\/status\/1453874296812670976\n<\/div><\/figure>\n\n\n\n

Why Would You Buy Your Own NFT?<\/h2>\n\n\n\n

The purchase was made using a flash loan contract, essentially this is a loan that is repaid immediately. <\/p>\n\n\n\n

The owner of this Punk bought his own Cryptopunk and instantly paid back his loan, using smart arbitrage he bought millions of eyes onto his NFT for only $800 in Ethereum Gas Fees.<\/p>\n\n\n\n

Is this purely genius marketing to a not so spectacular Cryptopunk?<\/p>\n","post_title":"What's Behind The $530M CryptoPunk #9998","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptopunk-9998","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:56","post_modified_gmt":"2022-03-14 10:05:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1529","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 3 4 5

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

A vending machine in New York has launched and it sells nothing?<\/p>\n\n\n\n

NFT Platform, Neon<\/a>, has launched the first NFT vending machine in the world in New York City's Financial District.<\/p>\n\n\n\n

The machine accepts both debit and credit cards, before dispensing a box with a QR code inside. This QR code is technically your NFT, all you have to do is scan it through Neon's App. Once scanned the NFT will show up in your digital wallet, although the wallet is not required to purchase.<\/p>\n\n\n\n

\"\"
Credit: Neon<\/figcaption><\/figure>\n\n\n\n

Why A Vending Machine?<\/h2>\n\n\n\n

In order to make NFTs more accessible to the public Neon\u2019s machine doesn\u2019t require any cryptocurrency. This allows for the public to buy an NFT without having to sign up prior to doing so. <\/p>\n\n\n\n

Purchasing an NFT can be a daunting task to those not familiar with Web 3 and Blockchain. Neon hopes to \"bring digital art and collecting to the largest possible audience\". An NFT vending machine is surely one way to attract a lot of attention.<\/p>\n\n\n\n

Jordan Birnholtz, CMO and co-founder of Neon states that \u201cwhile only 2% of Americans have digital wallets, 80% have a credit card or debit card,\u201d adding that \u201cNeon started with fiat because our mission is unique, to bring digital art and collecting to the largest possible audience,\u201d<\/p>\n","post_title":"World's First NFT Vending Machine Launched In NYC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"worlds-first-nft-vending-machine-launched-in-nyc","to_ping":"","pinged":"","post_modified":"2022-02-23 19:11:57","post_modified_gmt":"2022-02-23 08:11:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3564","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3413,"post_author":"1","post_date":"2022-02-08 21:35:14","post_date_gmt":"2022-02-08 10:35:14","post_content":"\n

The Recording Industry Association of America (RIAA) calls for an end to \"bogus\" NFT site HitPiece<\/a>'s infringement of artists' rights. The cease and desist was forwarded<\/a> to the attorneys of HitPiece on February 4th, 2022.<\/p>\n\n\n\n

The RIAA insists HitPiece stop infringing on the intellectual rights of the musicians for selling NFTs of their music without the consent of the original artists. This is nothing new, HitPiece has been criticized in the past by both artists and fans for the same reason. After an apology<\/a> from the company on February 2nd, this wasn't enough.<\/p>\n\n\n\n

The line was crossed and the FIAA decided to step in to take legal action and show that there is no playing around in this industry.<\/p>\n\n\n\n

\u201cHitPiece appears to be little more than a scam operation designed to trade on fans\u2019 love of music and desire to connect more closely with artists, using buzzwords and jargon to gloss over their complete failure to obtain necessary rights. Fans were led to believe they were purchasing an NFT genuinely associated with an artist and their work when that was not at all the case. While the operators appear to have taken the main HitPiece site offline for now, this move was necessary to ensure a fair accounting for the harm HitPiece and its operators have already done and to ensure that this site or copycats don\u2019t simply resume their scams under another name.\u201d<\/strong><\/em><\/p>Ken Doroshow, RIAA Chief Legal Officer<\/cite><\/blockquote>\n","post_title":"NFT Platform HitPiece Receives Cease And Desist Letter From Recording Industry Association","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nft-platform-hitpiece-receives-cease-and-desist-letter-from-recording-industry-association","to_ping":"","pinged":"","post_modified":"2023-04-11 12:55:43","post_modified_gmt":"2023-04-11 02:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3413","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3398,"post_author":"1","post_date":"2022-02-06 23:17:56","post_date_gmt":"2022-02-06 12:17:56","post_content":"\n

A home in Gulfport, Florida will be auctioned off as an NFT. Real Estate Technology company, Propy<\/a>, will be minting the property through a digital auction<\/a>. The NFT will hold the rights to the house, in a digital form, while also serving as the LLC. This will protect the rights and ownership of the property. <\/p>\n\n\n\n

This will be the second property to be sold as an NFT by Propy, following the sale<\/a> of TechCrunch founder, Micheal Arrington's, Kyiv Apartment for 36 ETH.<\/p>\n\n\n\n

Why Sell A Property As An NFT?<\/h2>\n\n\n\n

The current owner of the property, Leslie Alessandra, stated she chose to list the home as an NFT to demonstrate the use of evolving technology. <\/p>\n\n\n\n

\u201cIs this just hype or is there a real world application? (The auction) is really to stimulate conversation,\u201d<\/em><\/strong><\/p>Leslie Alessandra on Tampa Bay Times<\/a><\/cite><\/blockquote>\n\n\n\n

Whats The Paperwork Like?<\/h2>\n\n\n\n

The legal landscape of asset ownership has had to evolve quickly in the past few years to accommodate the adoption of digital assets, and this is no exception. <\/p>\n\n\n\n

Any purchase of a property must be recorded in the county's recorders office, this is to facilitate the transfer of ownership rights. A legal entity must exist to transfer the property to, which is where NFTs are used in more public scenes, representing an LLC.<\/p>\n\n\n\n

<\/div>\n\n\n\n

--> The sale takes place on the 8th Of February, with over 2000 people signed up to witness the first sale of a house as an NFT in the U.S.<\/p>\n","post_title":"Florida Home Listed For Sale, As An NFT","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"florida-home-listed-for-sale-as-an-nft","to_ping":"","pinged":"","post_modified":"2022-02-16 21:44:00","post_modified_gmt":"2022-02-16 10:44:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3398","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":1529,"post_author":"1","post_date":"2021-10-29 17:25:31","post_date_gmt":"2021-10-29 06:25:31","post_content":"\n

One of the largest art sales in history may have just taken place, CryptoPunk #9888 sold for $530 Million.<\/p>\n\n\n\n

Although, this is no more than just an elaborate hoax. See it is hard to trick people when you buy your own artwork, especially on a public blockchain.<\/p>\n\n\n\n

A Twitter bot tracking the sales of every CryptoPunk tweeted this on Thursday night shortly after 8 pm. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/cryptopunksbot\/status\/1453872415591829504\n<\/div><\/figure>\n\n\n\n

You may wonder \"What makes this NFT worth half a billion dollars?<\/a>\" and the truth is, not much actually. <\/p>\n\n\n\n

Using Rarity<\/a> ranks its Rarity Score at a mere 136.49<\/a>, compared to Punk #7804 which actually sold for $7.57M and has a rarity score of 2329.18<\/a>.<\/p>\n\n\n\n

Due to the fact this punk lacks desirable features from a collectors perspective, it quickly attracted attention to how it could sell for this sum of money. <\/p>\n\n\n\n

A look at the Ethereum Blockchain Ledger shows that it was nothing more than smart, smart contract trickery.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/nanexcool\/status\/1453874296812670976\n<\/div><\/figure>\n\n\n\n

Why Would You Buy Your Own NFT?<\/h2>\n\n\n\n

The purchase was made using a flash loan contract, essentially this is a loan that is repaid immediately. <\/p>\n\n\n\n

The owner of this Punk bought his own Cryptopunk and instantly paid back his loan, using smart arbitrage he bought millions of eyes onto his NFT for only $800 in Ethereum Gas Fees.<\/p>\n\n\n\n

Is this purely genius marketing to a not so spectacular Cryptopunk?<\/p>\n","post_title":"What's Behind The $530M CryptoPunk #9998","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptopunk-9998","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:56","post_modified_gmt":"2022-03-14 10:05:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1529","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 3 4 5

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

\"We will spare no effort to support domestic companies, young developers, and creators so that they can find new growth opportunities in the infinite digital economy territory created by the expanded virtual world and open up a healthy expanded virtual world.<\/strong>\u201d<\/p>Park Yun-gyu, Head of Information and Communication Policy, Ministry of Science and ICT<\/strong><\/cite><\/blockquote>\n","post_title":"South Korean Government To Invest $187M Into The Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-government-to-invest-187m-into-the-metaverse","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:46","post_modified_gmt":"2023-04-11 02:53:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3646","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3564,"post_author":"1","post_date":"2022-02-23 19:11:54","post_date_gmt":"2022-02-23 08:11:54","post_content":"\n

A vending machine in New York has launched and it sells nothing?<\/p>\n\n\n\n

NFT Platform, Neon<\/a>, has launched the first NFT vending machine in the world in New York City's Financial District.<\/p>\n\n\n\n

The machine accepts both debit and credit cards, before dispensing a box with a QR code inside. This QR code is technically your NFT, all you have to do is scan it through Neon's App. Once scanned the NFT will show up in your digital wallet, although the wallet is not required to purchase.<\/p>\n\n\n\n

\"\"
Credit: Neon<\/figcaption><\/figure>\n\n\n\n

Why A Vending Machine?<\/h2>\n\n\n\n

In order to make NFTs more accessible to the public Neon\u2019s machine doesn\u2019t require any cryptocurrency. This allows for the public to buy an NFT without having to sign up prior to doing so. <\/p>\n\n\n\n

Purchasing an NFT can be a daunting task to those not familiar with Web 3 and Blockchain. Neon hopes to \"bring digital art and collecting to the largest possible audience\". An NFT vending machine is surely one way to attract a lot of attention.<\/p>\n\n\n\n

Jordan Birnholtz, CMO and co-founder of Neon states that \u201cwhile only 2% of Americans have digital wallets, 80% have a credit card or debit card,\u201d adding that \u201cNeon started with fiat because our mission is unique, to bring digital art and collecting to the largest possible audience,\u201d<\/p>\n","post_title":"World's First NFT Vending Machine Launched In NYC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"worlds-first-nft-vending-machine-launched-in-nyc","to_ping":"","pinged":"","post_modified":"2022-02-23 19:11:57","post_modified_gmt":"2022-02-23 08:11:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3564","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3413,"post_author":"1","post_date":"2022-02-08 21:35:14","post_date_gmt":"2022-02-08 10:35:14","post_content":"\n

The Recording Industry Association of America (RIAA) calls for an end to \"bogus\" NFT site HitPiece<\/a>'s infringement of artists' rights. The cease and desist was forwarded<\/a> to the attorneys of HitPiece on February 4th, 2022.<\/p>\n\n\n\n

The RIAA insists HitPiece stop infringing on the intellectual rights of the musicians for selling NFTs of their music without the consent of the original artists. This is nothing new, HitPiece has been criticized in the past by both artists and fans for the same reason. After an apology<\/a> from the company on February 2nd, this wasn't enough.<\/p>\n\n\n\n

The line was crossed and the FIAA decided to step in to take legal action and show that there is no playing around in this industry.<\/p>\n\n\n\n

\u201cHitPiece appears to be little more than a scam operation designed to trade on fans\u2019 love of music and desire to connect more closely with artists, using buzzwords and jargon to gloss over their complete failure to obtain necessary rights. Fans were led to believe they were purchasing an NFT genuinely associated with an artist and their work when that was not at all the case. While the operators appear to have taken the main HitPiece site offline for now, this move was necessary to ensure a fair accounting for the harm HitPiece and its operators have already done and to ensure that this site or copycats don\u2019t simply resume their scams under another name.\u201d<\/strong><\/em><\/p>Ken Doroshow, RIAA Chief Legal Officer<\/cite><\/blockquote>\n","post_title":"NFT Platform HitPiece Receives Cease And Desist Letter From Recording Industry Association","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nft-platform-hitpiece-receives-cease-and-desist-letter-from-recording-industry-association","to_ping":"","pinged":"","post_modified":"2023-04-11 12:55:43","post_modified_gmt":"2023-04-11 02:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3413","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3398,"post_author":"1","post_date":"2022-02-06 23:17:56","post_date_gmt":"2022-02-06 12:17:56","post_content":"\n

A home in Gulfport, Florida will be auctioned off as an NFT. Real Estate Technology company, Propy<\/a>, will be minting the property through a digital auction<\/a>. The NFT will hold the rights to the house, in a digital form, while also serving as the LLC. This will protect the rights and ownership of the property. <\/p>\n\n\n\n

This will be the second property to be sold as an NFT by Propy, following the sale<\/a> of TechCrunch founder, Micheal Arrington's, Kyiv Apartment for 36 ETH.<\/p>\n\n\n\n

Why Sell A Property As An NFT?<\/h2>\n\n\n\n

The current owner of the property, Leslie Alessandra, stated she chose to list the home as an NFT to demonstrate the use of evolving technology. <\/p>\n\n\n\n

\u201cIs this just hype or is there a real world application? (The auction) is really to stimulate conversation,\u201d<\/em><\/strong><\/p>Leslie Alessandra on Tampa Bay Times<\/a><\/cite><\/blockquote>\n\n\n\n

Whats The Paperwork Like?<\/h2>\n\n\n\n

The legal landscape of asset ownership has had to evolve quickly in the past few years to accommodate the adoption of digital assets, and this is no exception. <\/p>\n\n\n\n

Any purchase of a property must be recorded in the county's recorders office, this is to facilitate the transfer of ownership rights. A legal entity must exist to transfer the property to, which is where NFTs are used in more public scenes, representing an LLC.<\/p>\n\n\n\n

<\/div>\n\n\n\n

--> The sale takes place on the 8th Of February, with over 2000 people signed up to witness the first sale of a house as an NFT in the U.S.<\/p>\n","post_title":"Florida Home Listed For Sale, As An NFT","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"florida-home-listed-for-sale-as-an-nft","to_ping":"","pinged":"","post_modified":"2022-02-16 21:44:00","post_modified_gmt":"2022-02-16 10:44:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3398","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":1529,"post_author":"1","post_date":"2021-10-29 17:25:31","post_date_gmt":"2021-10-29 06:25:31","post_content":"\n

One of the largest art sales in history may have just taken place, CryptoPunk #9888 sold for $530 Million.<\/p>\n\n\n\n

Although, this is no more than just an elaborate hoax. See it is hard to trick people when you buy your own artwork, especially on a public blockchain.<\/p>\n\n\n\n

A Twitter bot tracking the sales of every CryptoPunk tweeted this on Thursday night shortly after 8 pm. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/cryptopunksbot\/status\/1453872415591829504\n<\/div><\/figure>\n\n\n\n

You may wonder \"What makes this NFT worth half a billion dollars?<\/a>\" and the truth is, not much actually. <\/p>\n\n\n\n

Using Rarity<\/a> ranks its Rarity Score at a mere 136.49<\/a>, compared to Punk #7804 which actually sold for $7.57M and has a rarity score of 2329.18<\/a>.<\/p>\n\n\n\n

Due to the fact this punk lacks desirable features from a collectors perspective, it quickly attracted attention to how it could sell for this sum of money. <\/p>\n\n\n\n

A look at the Ethereum Blockchain Ledger shows that it was nothing more than smart, smart contract trickery.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/nanexcool\/status\/1453874296812670976\n<\/div><\/figure>\n\n\n\n

Why Would You Buy Your Own NFT?<\/h2>\n\n\n\n

The purchase was made using a flash loan contract, essentially this is a loan that is repaid immediately. <\/p>\n\n\n\n

The owner of this Punk bought his own Cryptopunk and instantly paid back his loan, using smart arbitrage he bought millions of eyes onto his NFT for only $800 in Ethereum Gas Fees.<\/p>\n\n\n\n

Is this purely genius marketing to a not so spectacular Cryptopunk?<\/p>\n","post_title":"What's Behind The $530M CryptoPunk #9998","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptopunk-9998","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:56","post_modified_gmt":"2022-03-14 10:05:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1529","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 3 4 5

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Meanwhile, a broad government council is in the works to tackle issues in the virtual space. Issues such as personal information and intellectual property protection, and supervision of illegal acts.\u00a0<\/p>\n\n\n\n

\"We will spare no effort to support domestic companies, young developers, and creators so that they can find new growth opportunities in the infinite digital economy territory created by the expanded virtual world and open up a healthy expanded virtual world.<\/strong>\u201d<\/p>Park Yun-gyu, Head of Information and Communication Policy, Ministry of Science and ICT<\/strong><\/cite><\/blockquote>\n","post_title":"South Korean Government To Invest $187M Into The Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-government-to-invest-187m-into-the-metaverse","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:46","post_modified_gmt":"2023-04-11 02:53:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3646","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3564,"post_author":"1","post_date":"2022-02-23 19:11:54","post_date_gmt":"2022-02-23 08:11:54","post_content":"\n

A vending machine in New York has launched and it sells nothing?<\/p>\n\n\n\n

NFT Platform, Neon<\/a>, has launched the first NFT vending machine in the world in New York City's Financial District.<\/p>\n\n\n\n

The machine accepts both debit and credit cards, before dispensing a box with a QR code inside. This QR code is technically your NFT, all you have to do is scan it through Neon's App. Once scanned the NFT will show up in your digital wallet, although the wallet is not required to purchase.<\/p>\n\n\n\n

\"\"
Credit: Neon<\/figcaption><\/figure>\n\n\n\n

Why A Vending Machine?<\/h2>\n\n\n\n

In order to make NFTs more accessible to the public Neon\u2019s machine doesn\u2019t require any cryptocurrency. This allows for the public to buy an NFT without having to sign up prior to doing so. <\/p>\n\n\n\n

Purchasing an NFT can be a daunting task to those not familiar with Web 3 and Blockchain. Neon hopes to \"bring digital art and collecting to the largest possible audience\". An NFT vending machine is surely one way to attract a lot of attention.<\/p>\n\n\n\n

Jordan Birnholtz, CMO and co-founder of Neon states that \u201cwhile only 2% of Americans have digital wallets, 80% have a credit card or debit card,\u201d adding that \u201cNeon started with fiat because our mission is unique, to bring digital art and collecting to the largest possible audience,\u201d<\/p>\n","post_title":"World's First NFT Vending Machine Launched In NYC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"worlds-first-nft-vending-machine-launched-in-nyc","to_ping":"","pinged":"","post_modified":"2022-02-23 19:11:57","post_modified_gmt":"2022-02-23 08:11:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3564","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3413,"post_author":"1","post_date":"2022-02-08 21:35:14","post_date_gmt":"2022-02-08 10:35:14","post_content":"\n

The Recording Industry Association of America (RIAA) calls for an end to \"bogus\" NFT site HitPiece<\/a>'s infringement of artists' rights. The cease and desist was forwarded<\/a> to the attorneys of HitPiece on February 4th, 2022.<\/p>\n\n\n\n

The RIAA insists HitPiece stop infringing on the intellectual rights of the musicians for selling NFTs of their music without the consent of the original artists. This is nothing new, HitPiece has been criticized in the past by both artists and fans for the same reason. After an apology<\/a> from the company on February 2nd, this wasn't enough.<\/p>\n\n\n\n

The line was crossed and the FIAA decided to step in to take legal action and show that there is no playing around in this industry.<\/p>\n\n\n\n

\u201cHitPiece appears to be little more than a scam operation designed to trade on fans\u2019 love of music and desire to connect more closely with artists, using buzzwords and jargon to gloss over their complete failure to obtain necessary rights. Fans were led to believe they were purchasing an NFT genuinely associated with an artist and their work when that was not at all the case. While the operators appear to have taken the main HitPiece site offline for now, this move was necessary to ensure a fair accounting for the harm HitPiece and its operators have already done and to ensure that this site or copycats don\u2019t simply resume their scams under another name.\u201d<\/strong><\/em><\/p>Ken Doroshow, RIAA Chief Legal Officer<\/cite><\/blockquote>\n","post_title":"NFT Platform HitPiece Receives Cease And Desist Letter From Recording Industry Association","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nft-platform-hitpiece-receives-cease-and-desist-letter-from-recording-industry-association","to_ping":"","pinged":"","post_modified":"2023-04-11 12:55:43","post_modified_gmt":"2023-04-11 02:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3413","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3398,"post_author":"1","post_date":"2022-02-06 23:17:56","post_date_gmt":"2022-02-06 12:17:56","post_content":"\n

A home in Gulfport, Florida will be auctioned off as an NFT. Real Estate Technology company, Propy<\/a>, will be minting the property through a digital auction<\/a>. The NFT will hold the rights to the house, in a digital form, while also serving as the LLC. This will protect the rights and ownership of the property. <\/p>\n\n\n\n

This will be the second property to be sold as an NFT by Propy, following the sale<\/a> of TechCrunch founder, Micheal Arrington's, Kyiv Apartment for 36 ETH.<\/p>\n\n\n\n

Why Sell A Property As An NFT?<\/h2>\n\n\n\n

The current owner of the property, Leslie Alessandra, stated she chose to list the home as an NFT to demonstrate the use of evolving technology. <\/p>\n\n\n\n

\u201cIs this just hype or is there a real world application? (The auction) is really to stimulate conversation,\u201d<\/em><\/strong><\/p>Leslie Alessandra on Tampa Bay Times<\/a><\/cite><\/blockquote>\n\n\n\n

Whats The Paperwork Like?<\/h2>\n\n\n\n

The legal landscape of asset ownership has had to evolve quickly in the past few years to accommodate the adoption of digital assets, and this is no exception. <\/p>\n\n\n\n

Any purchase of a property must be recorded in the county's recorders office, this is to facilitate the transfer of ownership rights. A legal entity must exist to transfer the property to, which is where NFTs are used in more public scenes, representing an LLC.<\/p>\n\n\n\n

<\/div>\n\n\n\n

--> The sale takes place on the 8th Of February, with over 2000 people signed up to witness the first sale of a house as an NFT in the U.S.<\/p>\n","post_title":"Florida Home Listed For Sale, As An NFT","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"florida-home-listed-for-sale-as-an-nft","to_ping":"","pinged":"","post_modified":"2022-02-16 21:44:00","post_modified_gmt":"2022-02-16 10:44:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3398","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":1529,"post_author":"1","post_date":"2021-10-29 17:25:31","post_date_gmt":"2021-10-29 06:25:31","post_content":"\n

One of the largest art sales in history may have just taken place, CryptoPunk #9888 sold for $530 Million.<\/p>\n\n\n\n

Although, this is no more than just an elaborate hoax. See it is hard to trick people when you buy your own artwork, especially on a public blockchain.<\/p>\n\n\n\n

A Twitter bot tracking the sales of every CryptoPunk tweeted this on Thursday night shortly after 8 pm. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/cryptopunksbot\/status\/1453872415591829504\n<\/div><\/figure>\n\n\n\n

You may wonder \"What makes this NFT worth half a billion dollars?<\/a>\" and the truth is, not much actually. <\/p>\n\n\n\n

Using Rarity<\/a> ranks its Rarity Score at a mere 136.49<\/a>, compared to Punk #7804 which actually sold for $7.57M and has a rarity score of 2329.18<\/a>.<\/p>\n\n\n\n

Due to the fact this punk lacks desirable features from a collectors perspective, it quickly attracted attention to how it could sell for this sum of money. <\/p>\n\n\n\n

A look at the Ethereum Blockchain Ledger shows that it was nothing more than smart, smart contract trickery.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/nanexcool\/status\/1453874296812670976\n<\/div><\/figure>\n\n\n\n

Why Would You Buy Your Own NFT?<\/h2>\n\n\n\n

The purchase was made using a flash loan contract, essentially this is a loan that is repaid immediately. <\/p>\n\n\n\n

The owner of this Punk bought his own Cryptopunk and instantly paid back his loan, using smart arbitrage he bought millions of eyes onto his NFT for only $800 in Ethereum Gas Fees.<\/p>\n\n\n\n

Is this purely genius marketing to a not so spectacular Cryptopunk?<\/p>\n","post_title":"What's Behind The $530M CryptoPunk #9998","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptopunk-9998","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:56","post_modified_gmt":"2022-03-14 10:05:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1529","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 3 4 5

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Together with financial and technological support to companies leading the expanded virtual world industry, South Korea aims to provide a lot of corporate support for developers.<\/p>\n\n\n\n

Meanwhile, a broad government council is in the works to tackle issues in the virtual space. Issues such as personal information and intellectual property protection, and supervision of illegal acts.\u00a0<\/p>\n\n\n\n

\"We will spare no effort to support domestic companies, young developers, and creators so that they can find new growth opportunities in the infinite digital economy territory created by the expanded virtual world and open up a healthy expanded virtual world.<\/strong>\u201d<\/p>Park Yun-gyu, Head of Information and Communication Policy, Ministry of Science and ICT<\/strong><\/cite><\/blockquote>\n","post_title":"South Korean Government To Invest $187M Into The Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-government-to-invest-187m-into-the-metaverse","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:46","post_modified_gmt":"2023-04-11 02:53:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3646","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3564,"post_author":"1","post_date":"2022-02-23 19:11:54","post_date_gmt":"2022-02-23 08:11:54","post_content":"\n

A vending machine in New York has launched and it sells nothing?<\/p>\n\n\n\n

NFT Platform, Neon<\/a>, has launched the first NFT vending machine in the world in New York City's Financial District.<\/p>\n\n\n\n

The machine accepts both debit and credit cards, before dispensing a box with a QR code inside. This QR code is technically your NFT, all you have to do is scan it through Neon's App. Once scanned the NFT will show up in your digital wallet, although the wallet is not required to purchase.<\/p>\n\n\n\n

\"\"
Credit: Neon<\/figcaption><\/figure>\n\n\n\n

Why A Vending Machine?<\/h2>\n\n\n\n

In order to make NFTs more accessible to the public Neon\u2019s machine doesn\u2019t require any cryptocurrency. This allows for the public to buy an NFT without having to sign up prior to doing so. <\/p>\n\n\n\n

Purchasing an NFT can be a daunting task to those not familiar with Web 3 and Blockchain. Neon hopes to \"bring digital art and collecting to the largest possible audience\". An NFT vending machine is surely one way to attract a lot of attention.<\/p>\n\n\n\n

Jordan Birnholtz, CMO and co-founder of Neon states that \u201cwhile only 2% of Americans have digital wallets, 80% have a credit card or debit card,\u201d adding that \u201cNeon started with fiat because our mission is unique, to bring digital art and collecting to the largest possible audience,\u201d<\/p>\n","post_title":"World's First NFT Vending Machine Launched In NYC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"worlds-first-nft-vending-machine-launched-in-nyc","to_ping":"","pinged":"","post_modified":"2022-02-23 19:11:57","post_modified_gmt":"2022-02-23 08:11:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3564","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3413,"post_author":"1","post_date":"2022-02-08 21:35:14","post_date_gmt":"2022-02-08 10:35:14","post_content":"\n

The Recording Industry Association of America (RIAA) calls for an end to \"bogus\" NFT site HitPiece<\/a>'s infringement of artists' rights. The cease and desist was forwarded<\/a> to the attorneys of HitPiece on February 4th, 2022.<\/p>\n\n\n\n

The RIAA insists HitPiece stop infringing on the intellectual rights of the musicians for selling NFTs of their music without the consent of the original artists. This is nothing new, HitPiece has been criticized in the past by both artists and fans for the same reason. After an apology<\/a> from the company on February 2nd, this wasn't enough.<\/p>\n\n\n\n

The line was crossed and the FIAA decided to step in to take legal action and show that there is no playing around in this industry.<\/p>\n\n\n\n

\u201cHitPiece appears to be little more than a scam operation designed to trade on fans\u2019 love of music and desire to connect more closely with artists, using buzzwords and jargon to gloss over their complete failure to obtain necessary rights. Fans were led to believe they were purchasing an NFT genuinely associated with an artist and their work when that was not at all the case. While the operators appear to have taken the main HitPiece site offline for now, this move was necessary to ensure a fair accounting for the harm HitPiece and its operators have already done and to ensure that this site or copycats don\u2019t simply resume their scams under another name.\u201d<\/strong><\/em><\/p>Ken Doroshow, RIAA Chief Legal Officer<\/cite><\/blockquote>\n","post_title":"NFT Platform HitPiece Receives Cease And Desist Letter From Recording Industry Association","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nft-platform-hitpiece-receives-cease-and-desist-letter-from-recording-industry-association","to_ping":"","pinged":"","post_modified":"2023-04-11 12:55:43","post_modified_gmt":"2023-04-11 02:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3413","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3398,"post_author":"1","post_date":"2022-02-06 23:17:56","post_date_gmt":"2022-02-06 12:17:56","post_content":"\n

A home in Gulfport, Florida will be auctioned off as an NFT. Real Estate Technology company, Propy<\/a>, will be minting the property through a digital auction<\/a>. The NFT will hold the rights to the house, in a digital form, while also serving as the LLC. This will protect the rights and ownership of the property. <\/p>\n\n\n\n

This will be the second property to be sold as an NFT by Propy, following the sale<\/a> of TechCrunch founder, Micheal Arrington's, Kyiv Apartment for 36 ETH.<\/p>\n\n\n\n

Why Sell A Property As An NFT?<\/h2>\n\n\n\n

The current owner of the property, Leslie Alessandra, stated she chose to list the home as an NFT to demonstrate the use of evolving technology. <\/p>\n\n\n\n

\u201cIs this just hype or is there a real world application? (The auction) is really to stimulate conversation,\u201d<\/em><\/strong><\/p>Leslie Alessandra on Tampa Bay Times<\/a><\/cite><\/blockquote>\n\n\n\n

Whats The Paperwork Like?<\/h2>\n\n\n\n

The legal landscape of asset ownership has had to evolve quickly in the past few years to accommodate the adoption of digital assets, and this is no exception. <\/p>\n\n\n\n

Any purchase of a property must be recorded in the county's recorders office, this is to facilitate the transfer of ownership rights. A legal entity must exist to transfer the property to, which is where NFTs are used in more public scenes, representing an LLC.<\/p>\n\n\n\n

<\/div>\n\n\n\n

--> The sale takes place on the 8th Of February, with over 2000 people signed up to witness the first sale of a house as an NFT in the U.S.<\/p>\n","post_title":"Florida Home Listed For Sale, As An NFT","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"florida-home-listed-for-sale-as-an-nft","to_ping":"","pinged":"","post_modified":"2022-02-16 21:44:00","post_modified_gmt":"2022-02-16 10:44:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3398","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":1529,"post_author":"1","post_date":"2021-10-29 17:25:31","post_date_gmt":"2021-10-29 06:25:31","post_content":"\n

One of the largest art sales in history may have just taken place, CryptoPunk #9888 sold for $530 Million.<\/p>\n\n\n\n

Although, this is no more than just an elaborate hoax. See it is hard to trick people when you buy your own artwork, especially on a public blockchain.<\/p>\n\n\n\n

A Twitter bot tracking the sales of every CryptoPunk tweeted this on Thursday night shortly after 8 pm. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/cryptopunksbot\/status\/1453872415591829504\n<\/div><\/figure>\n\n\n\n

You may wonder \"What makes this NFT worth half a billion dollars?<\/a>\" and the truth is, not much actually. <\/p>\n\n\n\n

Using Rarity<\/a> ranks its Rarity Score at a mere 136.49<\/a>, compared to Punk #7804 which actually sold for $7.57M and has a rarity score of 2329.18<\/a>.<\/p>\n\n\n\n

Due to the fact this punk lacks desirable features from a collectors perspective, it quickly attracted attention to how it could sell for this sum of money. <\/p>\n\n\n\n

A look at the Ethereum Blockchain Ledger shows that it was nothing more than smart, smart contract trickery.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/nanexcool\/status\/1453874296812670976\n<\/div><\/figure>\n\n\n\n

Why Would You Buy Your Own NFT?<\/h2>\n\n\n\n

The purchase was made using a flash loan contract, essentially this is a loan that is repaid immediately. <\/p>\n\n\n\n

The owner of this Punk bought his own Cryptopunk and instantly paid back his loan, using smart arbitrage he bought millions of eyes onto his NFT for only $800 in Ethereum Gas Fees.<\/p>\n\n\n\n

Is this purely genius marketing to a not so spectacular Cryptopunk?<\/p>\n","post_title":"What's Behind The $530M CryptoPunk #9998","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptopunk-9998","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:56","post_modified_gmt":"2022-03-14 10:05:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1529","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 3 4 5

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Above all, the ministry expects its metaverse to have a global influence. The metaverse will provide seamless access to South Korean companies over time. <\/p>\n\n\n\n

Together with financial and technological support to companies leading the expanded virtual world industry, South Korea aims to provide a lot of corporate support for developers.<\/p>\n\n\n\n

Meanwhile, a broad government council is in the works to tackle issues in the virtual space. Issues such as personal information and intellectual property protection, and supervision of illegal acts.\u00a0<\/p>\n\n\n\n

\"We will spare no effort to support domestic companies, young developers, and creators so that they can find new growth opportunities in the infinite digital economy territory created by the expanded virtual world and open up a healthy expanded virtual world.<\/strong>\u201d<\/p>Park Yun-gyu, Head of Information and Communication Policy, Ministry of Science and ICT<\/strong><\/cite><\/blockquote>\n","post_title":"South Korean Government To Invest $187M Into The Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-government-to-invest-187m-into-the-metaverse","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:46","post_modified_gmt":"2023-04-11 02:53:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3646","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3564,"post_author":"1","post_date":"2022-02-23 19:11:54","post_date_gmt":"2022-02-23 08:11:54","post_content":"\n

A vending machine in New York has launched and it sells nothing?<\/p>\n\n\n\n

NFT Platform, Neon<\/a>, has launched the first NFT vending machine in the world in New York City's Financial District.<\/p>\n\n\n\n

The machine accepts both debit and credit cards, before dispensing a box with a QR code inside. This QR code is technically your NFT, all you have to do is scan it through Neon's App. Once scanned the NFT will show up in your digital wallet, although the wallet is not required to purchase.<\/p>\n\n\n\n

\"\"
Credit: Neon<\/figcaption><\/figure>\n\n\n\n

Why A Vending Machine?<\/h2>\n\n\n\n

In order to make NFTs more accessible to the public Neon\u2019s machine doesn\u2019t require any cryptocurrency. This allows for the public to buy an NFT without having to sign up prior to doing so. <\/p>\n\n\n\n

Purchasing an NFT can be a daunting task to those not familiar with Web 3 and Blockchain. Neon hopes to \"bring digital art and collecting to the largest possible audience\". An NFT vending machine is surely one way to attract a lot of attention.<\/p>\n\n\n\n

Jordan Birnholtz, CMO and co-founder of Neon states that \u201cwhile only 2% of Americans have digital wallets, 80% have a credit card or debit card,\u201d adding that \u201cNeon started with fiat because our mission is unique, to bring digital art and collecting to the largest possible audience,\u201d<\/p>\n","post_title":"World's First NFT Vending Machine Launched In NYC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"worlds-first-nft-vending-machine-launched-in-nyc","to_ping":"","pinged":"","post_modified":"2022-02-23 19:11:57","post_modified_gmt":"2022-02-23 08:11:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3564","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3413,"post_author":"1","post_date":"2022-02-08 21:35:14","post_date_gmt":"2022-02-08 10:35:14","post_content":"\n

The Recording Industry Association of America (RIAA) calls for an end to \"bogus\" NFT site HitPiece<\/a>'s infringement of artists' rights. The cease and desist was forwarded<\/a> to the attorneys of HitPiece on February 4th, 2022.<\/p>\n\n\n\n

The RIAA insists HitPiece stop infringing on the intellectual rights of the musicians for selling NFTs of their music without the consent of the original artists. This is nothing new, HitPiece has been criticized in the past by both artists and fans for the same reason. After an apology<\/a> from the company on February 2nd, this wasn't enough.<\/p>\n\n\n\n

The line was crossed and the FIAA decided to step in to take legal action and show that there is no playing around in this industry.<\/p>\n\n\n\n

\u201cHitPiece appears to be little more than a scam operation designed to trade on fans\u2019 love of music and desire to connect more closely with artists, using buzzwords and jargon to gloss over their complete failure to obtain necessary rights. Fans were led to believe they were purchasing an NFT genuinely associated with an artist and their work when that was not at all the case. While the operators appear to have taken the main HitPiece site offline for now, this move was necessary to ensure a fair accounting for the harm HitPiece and its operators have already done and to ensure that this site or copycats don\u2019t simply resume their scams under another name.\u201d<\/strong><\/em><\/p>Ken Doroshow, RIAA Chief Legal Officer<\/cite><\/blockquote>\n","post_title":"NFT Platform HitPiece Receives Cease And Desist Letter From Recording Industry Association","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nft-platform-hitpiece-receives-cease-and-desist-letter-from-recording-industry-association","to_ping":"","pinged":"","post_modified":"2023-04-11 12:55:43","post_modified_gmt":"2023-04-11 02:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3413","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3398,"post_author":"1","post_date":"2022-02-06 23:17:56","post_date_gmt":"2022-02-06 12:17:56","post_content":"\n

A home in Gulfport, Florida will be auctioned off as an NFT. Real Estate Technology company, Propy<\/a>, will be minting the property through a digital auction<\/a>. The NFT will hold the rights to the house, in a digital form, while also serving as the LLC. This will protect the rights and ownership of the property. <\/p>\n\n\n\n

This will be the second property to be sold as an NFT by Propy, following the sale<\/a> of TechCrunch founder, Micheal Arrington's, Kyiv Apartment for 36 ETH.<\/p>\n\n\n\n

Why Sell A Property As An NFT?<\/h2>\n\n\n\n

The current owner of the property, Leslie Alessandra, stated she chose to list the home as an NFT to demonstrate the use of evolving technology. <\/p>\n\n\n\n

\u201cIs this just hype or is there a real world application? (The auction) is really to stimulate conversation,\u201d<\/em><\/strong><\/p>Leslie Alessandra on Tampa Bay Times<\/a><\/cite><\/blockquote>\n\n\n\n

Whats The Paperwork Like?<\/h2>\n\n\n\n

The legal landscape of asset ownership has had to evolve quickly in the past few years to accommodate the adoption of digital assets, and this is no exception. <\/p>\n\n\n\n

Any purchase of a property must be recorded in the county's recorders office, this is to facilitate the transfer of ownership rights. A legal entity must exist to transfer the property to, which is where NFTs are used in more public scenes, representing an LLC.<\/p>\n\n\n\n

<\/div>\n\n\n\n

--> The sale takes place on the 8th Of February, with over 2000 people signed up to witness the first sale of a house as an NFT in the U.S.<\/p>\n","post_title":"Florida Home Listed For Sale, As An NFT","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"florida-home-listed-for-sale-as-an-nft","to_ping":"","pinged":"","post_modified":"2022-02-16 21:44:00","post_modified_gmt":"2022-02-16 10:44:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3398","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":1529,"post_author":"1","post_date":"2021-10-29 17:25:31","post_date_gmt":"2021-10-29 06:25:31","post_content":"\n

One of the largest art sales in history may have just taken place, CryptoPunk #9888 sold for $530 Million.<\/p>\n\n\n\n

Although, this is no more than just an elaborate hoax. See it is hard to trick people when you buy your own artwork, especially on a public blockchain.<\/p>\n\n\n\n

A Twitter bot tracking the sales of every CryptoPunk tweeted this on Thursday night shortly after 8 pm. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/cryptopunksbot\/status\/1453872415591829504\n<\/div><\/figure>\n\n\n\n

You may wonder \"What makes this NFT worth half a billion dollars?<\/a>\" and the truth is, not much actually. <\/p>\n\n\n\n

Using Rarity<\/a> ranks its Rarity Score at a mere 136.49<\/a>, compared to Punk #7804 which actually sold for $7.57M and has a rarity score of 2329.18<\/a>.<\/p>\n\n\n\n

Due to the fact this punk lacks desirable features from a collectors perspective, it quickly attracted attention to how it could sell for this sum of money. <\/p>\n\n\n\n

A look at the Ethereum Blockchain Ledger shows that it was nothing more than smart, smart contract trickery.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/nanexcool\/status\/1453874296812670976\n<\/div><\/figure>\n\n\n\n

Why Would You Buy Your Own NFT?<\/h2>\n\n\n\n

The purchase was made using a flash loan contract, essentially this is a loan that is repaid immediately. <\/p>\n\n\n\n

The owner of this Punk bought his own Cryptopunk and instantly paid back his loan, using smart arbitrage he bought millions of eyes onto his NFT for only $800 in Ethereum Gas Fees.<\/p>\n\n\n\n

Is this purely genius marketing to a not so spectacular Cryptopunk?<\/p>\n","post_title":"What's Behind The $530M CryptoPunk #9998","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptopunk-9998","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:56","post_modified_gmt":"2022-03-14 10:05:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1529","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 3 4 5

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

With the completion of these objectives, the ministry will attempt to use its \"Metaverse\" to create a decentralized creator economy. With plans to expand the virtual growth of cities, education, and media.<\/p>\n\n\n\n

Above all, the ministry expects its metaverse to have a global influence. The metaverse will provide seamless access to South Korean companies over time. <\/p>\n\n\n\n

Together with financial and technological support to companies leading the expanded virtual world industry, South Korea aims to provide a lot of corporate support for developers.<\/p>\n\n\n\n

Meanwhile, a broad government council is in the works to tackle issues in the virtual space. Issues such as personal information and intellectual property protection, and supervision of illegal acts.\u00a0<\/p>\n\n\n\n

\"We will spare no effort to support domestic companies, young developers, and creators so that they can find new growth opportunities in the infinite digital economy territory created by the expanded virtual world and open up a healthy expanded virtual world.<\/strong>\u201d<\/p>Park Yun-gyu, Head of Information and Communication Policy, Ministry of Science and ICT<\/strong><\/cite><\/blockquote>\n","post_title":"South Korean Government To Invest $187M Into The Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-government-to-invest-187m-into-the-metaverse","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:46","post_modified_gmt":"2023-04-11 02:53:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3646","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3564,"post_author":"1","post_date":"2022-02-23 19:11:54","post_date_gmt":"2022-02-23 08:11:54","post_content":"\n

A vending machine in New York has launched and it sells nothing?<\/p>\n\n\n\n

NFT Platform, Neon<\/a>, has launched the first NFT vending machine in the world in New York City's Financial District.<\/p>\n\n\n\n

The machine accepts both debit and credit cards, before dispensing a box with a QR code inside. This QR code is technically your NFT, all you have to do is scan it through Neon's App. Once scanned the NFT will show up in your digital wallet, although the wallet is not required to purchase.<\/p>\n\n\n\n

\"\"
Credit: Neon<\/figcaption><\/figure>\n\n\n\n

Why A Vending Machine?<\/h2>\n\n\n\n

In order to make NFTs more accessible to the public Neon\u2019s machine doesn\u2019t require any cryptocurrency. This allows for the public to buy an NFT without having to sign up prior to doing so. <\/p>\n\n\n\n

Purchasing an NFT can be a daunting task to those not familiar with Web 3 and Blockchain. Neon hopes to \"bring digital art and collecting to the largest possible audience\". An NFT vending machine is surely one way to attract a lot of attention.<\/p>\n\n\n\n

Jordan Birnholtz, CMO and co-founder of Neon states that \u201cwhile only 2% of Americans have digital wallets, 80% have a credit card or debit card,\u201d adding that \u201cNeon started with fiat because our mission is unique, to bring digital art and collecting to the largest possible audience,\u201d<\/p>\n","post_title":"World's First NFT Vending Machine Launched In NYC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"worlds-first-nft-vending-machine-launched-in-nyc","to_ping":"","pinged":"","post_modified":"2022-02-23 19:11:57","post_modified_gmt":"2022-02-23 08:11:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3564","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3413,"post_author":"1","post_date":"2022-02-08 21:35:14","post_date_gmt":"2022-02-08 10:35:14","post_content":"\n

The Recording Industry Association of America (RIAA) calls for an end to \"bogus\" NFT site HitPiece<\/a>'s infringement of artists' rights. The cease and desist was forwarded<\/a> to the attorneys of HitPiece on February 4th, 2022.<\/p>\n\n\n\n

The RIAA insists HitPiece stop infringing on the intellectual rights of the musicians for selling NFTs of their music without the consent of the original artists. This is nothing new, HitPiece has been criticized in the past by both artists and fans for the same reason. After an apology<\/a> from the company on February 2nd, this wasn't enough.<\/p>\n\n\n\n

The line was crossed and the FIAA decided to step in to take legal action and show that there is no playing around in this industry.<\/p>\n\n\n\n

\u201cHitPiece appears to be little more than a scam operation designed to trade on fans\u2019 love of music and desire to connect more closely with artists, using buzzwords and jargon to gloss over their complete failure to obtain necessary rights. Fans were led to believe they were purchasing an NFT genuinely associated with an artist and their work when that was not at all the case. While the operators appear to have taken the main HitPiece site offline for now, this move was necessary to ensure a fair accounting for the harm HitPiece and its operators have already done and to ensure that this site or copycats don\u2019t simply resume their scams under another name.\u201d<\/strong><\/em><\/p>Ken Doroshow, RIAA Chief Legal Officer<\/cite><\/blockquote>\n","post_title":"NFT Platform HitPiece Receives Cease And Desist Letter From Recording Industry Association","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nft-platform-hitpiece-receives-cease-and-desist-letter-from-recording-industry-association","to_ping":"","pinged":"","post_modified":"2023-04-11 12:55:43","post_modified_gmt":"2023-04-11 02:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3413","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3398,"post_author":"1","post_date":"2022-02-06 23:17:56","post_date_gmt":"2022-02-06 12:17:56","post_content":"\n

A home in Gulfport, Florida will be auctioned off as an NFT. Real Estate Technology company, Propy<\/a>, will be minting the property through a digital auction<\/a>. The NFT will hold the rights to the house, in a digital form, while also serving as the LLC. This will protect the rights and ownership of the property. <\/p>\n\n\n\n

This will be the second property to be sold as an NFT by Propy, following the sale<\/a> of TechCrunch founder, Micheal Arrington's, Kyiv Apartment for 36 ETH.<\/p>\n\n\n\n

Why Sell A Property As An NFT?<\/h2>\n\n\n\n

The current owner of the property, Leslie Alessandra, stated she chose to list the home as an NFT to demonstrate the use of evolving technology. <\/p>\n\n\n\n

\u201cIs this just hype or is there a real world application? (The auction) is really to stimulate conversation,\u201d<\/em><\/strong><\/p>Leslie Alessandra on Tampa Bay Times<\/a><\/cite><\/blockquote>\n\n\n\n

Whats The Paperwork Like?<\/h2>\n\n\n\n

The legal landscape of asset ownership has had to evolve quickly in the past few years to accommodate the adoption of digital assets, and this is no exception. <\/p>\n\n\n\n

Any purchase of a property must be recorded in the county's recorders office, this is to facilitate the transfer of ownership rights. A legal entity must exist to transfer the property to, which is where NFTs are used in more public scenes, representing an LLC.<\/p>\n\n\n\n

<\/div>\n\n\n\n

--> The sale takes place on the 8th Of February, with over 2000 people signed up to witness the first sale of a house as an NFT in the U.S.<\/p>\n","post_title":"Florida Home Listed For Sale, As An NFT","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"florida-home-listed-for-sale-as-an-nft","to_ping":"","pinged":"","post_modified":"2022-02-16 21:44:00","post_modified_gmt":"2022-02-16 10:44:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3398","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":1529,"post_author":"1","post_date":"2021-10-29 17:25:31","post_date_gmt":"2021-10-29 06:25:31","post_content":"\n

One of the largest art sales in history may have just taken place, CryptoPunk #9888 sold for $530 Million.<\/p>\n\n\n\n

Although, this is no more than just an elaborate hoax. See it is hard to trick people when you buy your own artwork, especially on a public blockchain.<\/p>\n\n\n\n

A Twitter bot tracking the sales of every CryptoPunk tweeted this on Thursday night shortly after 8 pm. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/cryptopunksbot\/status\/1453872415591829504\n<\/div><\/figure>\n\n\n\n

You may wonder \"What makes this NFT worth half a billion dollars?<\/a>\" and the truth is, not much actually. <\/p>\n\n\n\n

Using Rarity<\/a> ranks its Rarity Score at a mere 136.49<\/a>, compared to Punk #7804 which actually sold for $7.57M and has a rarity score of 2329.18<\/a>.<\/p>\n\n\n\n

Due to the fact this punk lacks desirable features from a collectors perspective, it quickly attracted attention to how it could sell for this sum of money. <\/p>\n\n\n\n

A look at the Ethereum Blockchain Ledger shows that it was nothing more than smart, smart contract trickery.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/nanexcool\/status\/1453874296812670976\n<\/div><\/figure>\n\n\n\n

Why Would You Buy Your Own NFT?<\/h2>\n\n\n\n

The purchase was made using a flash loan contract, essentially this is a loan that is repaid immediately. <\/p>\n\n\n\n

The owner of this Punk bought his own Cryptopunk and instantly paid back his loan, using smart arbitrage he bought millions of eyes onto his NFT for only $800 in Ethereum Gas Fees.<\/p>\n\n\n\n

Is this purely genius marketing to a not so spectacular Cryptopunk?<\/p>\n","post_title":"What's Behind The $530M CryptoPunk #9998","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptopunk-9998","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:56","post_modified_gmt":"2022-03-14 10:05:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1529","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 3 4 5

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n
  1. Build A Platform<\/li>
  2. Fostering Professionals<\/li>
  3. Fostering Specialised Companies<\/li>
  4. Creating A Reliable Extended Virtual World Enviroment<\/li><\/ol>\n\n\n\n

    With the completion of these objectives, the ministry will attempt to use its \"Metaverse\" to create a decentralized creator economy. With plans to expand the virtual growth of cities, education, and media.<\/p>\n\n\n\n

    Above all, the ministry expects its metaverse to have a global influence. The metaverse will provide seamless access to South Korean companies over time. <\/p>\n\n\n\n

    Together with financial and technological support to companies leading the expanded virtual world industry, South Korea aims to provide a lot of corporate support for developers.<\/p>\n\n\n\n

    Meanwhile, a broad government council is in the works to tackle issues in the virtual space. Issues such as personal information and intellectual property protection, and supervision of illegal acts.\u00a0<\/p>\n\n\n\n

    \"We will spare no effort to support domestic companies, young developers, and creators so that they can find new growth opportunities in the infinite digital economy territory created by the expanded virtual world and open up a healthy expanded virtual world.<\/strong>\u201d<\/p>Park Yun-gyu, Head of Information and Communication Policy, Ministry of Science and ICT<\/strong><\/cite><\/blockquote>\n","post_title":"South Korean Government To Invest $187M Into The Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-government-to-invest-187m-into-the-metaverse","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:46","post_modified_gmt":"2023-04-11 02:53:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3646","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3564,"post_author":"1","post_date":"2022-02-23 19:11:54","post_date_gmt":"2022-02-23 08:11:54","post_content":"\n

    A vending machine in New York has launched and it sells nothing?<\/p>\n\n\n\n

    NFT Platform, Neon<\/a>, has launched the first NFT vending machine in the world in New York City's Financial District.<\/p>\n\n\n\n

    The machine accepts both debit and credit cards, before dispensing a box with a QR code inside. This QR code is technically your NFT, all you have to do is scan it through Neon's App. Once scanned the NFT will show up in your digital wallet, although the wallet is not required to purchase.<\/p>\n\n\n\n

    \"\"
    Credit: Neon<\/figcaption><\/figure>\n\n\n\n

    Why A Vending Machine?<\/h2>\n\n\n\n

    In order to make NFTs more accessible to the public Neon\u2019s machine doesn\u2019t require any cryptocurrency. This allows for the public to buy an NFT without having to sign up prior to doing so. <\/p>\n\n\n\n

    Purchasing an NFT can be a daunting task to those not familiar with Web 3 and Blockchain. Neon hopes to \"bring digital art and collecting to the largest possible audience\". An NFT vending machine is surely one way to attract a lot of attention.<\/p>\n\n\n\n

    Jordan Birnholtz, CMO and co-founder of Neon states that \u201cwhile only 2% of Americans have digital wallets, 80% have a credit card or debit card,\u201d adding that \u201cNeon started with fiat because our mission is unique, to bring digital art and collecting to the largest possible audience,\u201d<\/p>\n","post_title":"World's First NFT Vending Machine Launched In NYC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"worlds-first-nft-vending-machine-launched-in-nyc","to_ping":"","pinged":"","post_modified":"2022-02-23 19:11:57","post_modified_gmt":"2022-02-23 08:11:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3564","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3413,"post_author":"1","post_date":"2022-02-08 21:35:14","post_date_gmt":"2022-02-08 10:35:14","post_content":"\n

    The Recording Industry Association of America (RIAA) calls for an end to \"bogus\" NFT site HitPiece<\/a>'s infringement of artists' rights. The cease and desist was forwarded<\/a> to the attorneys of HitPiece on February 4th, 2022.<\/p>\n\n\n\n

    The RIAA insists HitPiece stop infringing on the intellectual rights of the musicians for selling NFTs of their music without the consent of the original artists. This is nothing new, HitPiece has been criticized in the past by both artists and fans for the same reason. After an apology<\/a> from the company on February 2nd, this wasn't enough.<\/p>\n\n\n\n

    The line was crossed and the FIAA decided to step in to take legal action and show that there is no playing around in this industry.<\/p>\n\n\n\n

    \u201cHitPiece appears to be little more than a scam operation designed to trade on fans\u2019 love of music and desire to connect more closely with artists, using buzzwords and jargon to gloss over their complete failure to obtain necessary rights. Fans were led to believe they were purchasing an NFT genuinely associated with an artist and their work when that was not at all the case. While the operators appear to have taken the main HitPiece site offline for now, this move was necessary to ensure a fair accounting for the harm HitPiece and its operators have already done and to ensure that this site or copycats don\u2019t simply resume their scams under another name.\u201d<\/strong><\/em><\/p>Ken Doroshow, RIAA Chief Legal Officer<\/cite><\/blockquote>\n","post_title":"NFT Platform HitPiece Receives Cease And Desist Letter From Recording Industry Association","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nft-platform-hitpiece-receives-cease-and-desist-letter-from-recording-industry-association","to_ping":"","pinged":"","post_modified":"2023-04-11 12:55:43","post_modified_gmt":"2023-04-11 02:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3413","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3398,"post_author":"1","post_date":"2022-02-06 23:17:56","post_date_gmt":"2022-02-06 12:17:56","post_content":"\n

    A home in Gulfport, Florida will be auctioned off as an NFT. Real Estate Technology company, Propy<\/a>, will be minting the property through a digital auction<\/a>. The NFT will hold the rights to the house, in a digital form, while also serving as the LLC. This will protect the rights and ownership of the property. <\/p>\n\n\n\n

    This will be the second property to be sold as an NFT by Propy, following the sale<\/a> of TechCrunch founder, Micheal Arrington's, Kyiv Apartment for 36 ETH.<\/p>\n\n\n\n

    Why Sell A Property As An NFT?<\/h2>\n\n\n\n

    The current owner of the property, Leslie Alessandra, stated she chose to list the home as an NFT to demonstrate the use of evolving technology. <\/p>\n\n\n\n

    \u201cIs this just hype or is there a real world application? (The auction) is really to stimulate conversation,\u201d<\/em><\/strong><\/p>Leslie Alessandra on Tampa Bay Times<\/a><\/cite><\/blockquote>\n\n\n\n

    Whats The Paperwork Like?<\/h2>\n\n\n\n

    The legal landscape of asset ownership has had to evolve quickly in the past few years to accommodate the adoption of digital assets, and this is no exception. <\/p>\n\n\n\n

    Any purchase of a property must be recorded in the county's recorders office, this is to facilitate the transfer of ownership rights. A legal entity must exist to transfer the property to, which is where NFTs are used in more public scenes, representing an LLC.<\/p>\n\n\n\n

    <\/div>\n\n\n\n

    --> The sale takes place on the 8th Of February, with over 2000 people signed up to witness the first sale of a house as an NFT in the U.S.<\/p>\n","post_title":"Florida Home Listed For Sale, As An NFT","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"florida-home-listed-for-sale-as-an-nft","to_ping":"","pinged":"","post_modified":"2022-02-16 21:44:00","post_modified_gmt":"2022-02-16 10:44:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3398","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":1529,"post_author":"1","post_date":"2021-10-29 17:25:31","post_date_gmt":"2021-10-29 06:25:31","post_content":"\n

    One of the largest art sales in history may have just taken place, CryptoPunk #9888 sold for $530 Million.<\/p>\n\n\n\n

    Although, this is no more than just an elaborate hoax. See it is hard to trick people when you buy your own artwork, especially on a public blockchain.<\/p>\n\n\n\n

    A Twitter bot tracking the sales of every CryptoPunk tweeted this on Thursday night shortly after 8 pm. <\/p>\n\n\n\n

    \nhttps:\/\/twitter.com\/cryptopunksbot\/status\/1453872415591829504\n<\/div><\/figure>\n\n\n\n

    You may wonder \"What makes this NFT worth half a billion dollars?<\/a>\" and the truth is, not much actually. <\/p>\n\n\n\n

    Using Rarity<\/a> ranks its Rarity Score at a mere 136.49<\/a>, compared to Punk #7804 which actually sold for $7.57M and has a rarity score of 2329.18<\/a>.<\/p>\n\n\n\n

    Due to the fact this punk lacks desirable features from a collectors perspective, it quickly attracted attention to how it could sell for this sum of money. <\/p>\n\n\n\n

    A look at the Ethereum Blockchain Ledger shows that it was nothing more than smart, smart contract trickery.<\/p>\n\n\n\n

    \nhttps:\/\/twitter.com\/nanexcool\/status\/1453874296812670976\n<\/div><\/figure>\n\n\n\n

    Why Would You Buy Your Own NFT?<\/h2>\n\n\n\n

    The purchase was made using a flash loan contract, essentially this is a loan that is repaid immediately. <\/p>\n\n\n\n

    The owner of this Punk bought his own Cryptopunk and instantly paid back his loan, using smart arbitrage he bought millions of eyes onto his NFT for only $800 in Ethereum Gas Fees.<\/p>\n\n\n\n

    Is this purely genius marketing to a not so spectacular Cryptopunk?<\/p>\n","post_title":"What's Behind The $530M CryptoPunk #9998","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptopunk-9998","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:56","post_modified_gmt":"2022-03-14 10:05:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1529","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

    1 … 3 4 5

    Most Read

    Subscribe To Our Newsletter

    By subscribing, you agree with our privacy and terms.

    Follow The Distributed

    Twitter Instagram Youtube LinkedIn Facebook RSS
    ADVERTISEMENT
    \n

    The ministry's official statement <\/a>pledged to donate over $223B Korean Won (US$186.7M) in an attempt to complete 4 main objectives.<\/p>\n\n\n\n

    1. Build A Platform<\/li>
    2. Fostering Professionals<\/li>
    3. Fostering Specialised Companies<\/li>
    4. Creating A Reliable Extended Virtual World Enviroment<\/li><\/ol>\n\n\n\n

      With the completion of these objectives, the ministry will attempt to use its \"Metaverse\" to create a decentralized creator economy. With plans to expand the virtual growth of cities, education, and media.<\/p>\n\n\n\n

      Above all, the ministry expects its metaverse to have a global influence. The metaverse will provide seamless access to South Korean companies over time. <\/p>\n\n\n\n

      Together with financial and technological support to companies leading the expanded virtual world industry, South Korea aims to provide a lot of corporate support for developers.<\/p>\n\n\n\n

      Meanwhile, a broad government council is in the works to tackle issues in the virtual space. Issues such as personal information and intellectual property protection, and supervision of illegal acts.\u00a0<\/p>\n\n\n\n

      \"We will spare no effort to support domestic companies, young developers, and creators so that they can find new growth opportunities in the infinite digital economy territory created by the expanded virtual world and open up a healthy expanded virtual world.<\/strong>\u201d<\/p>Park Yun-gyu, Head of Information and Communication Policy, Ministry of Science and ICT<\/strong><\/cite><\/blockquote>\n","post_title":"South Korean Government To Invest $187M Into The Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-government-to-invest-187m-into-the-metaverse","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:46","post_modified_gmt":"2023-04-11 02:53:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3646","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3564,"post_author":"1","post_date":"2022-02-23 19:11:54","post_date_gmt":"2022-02-23 08:11:54","post_content":"\n

      A vending machine in New York has launched and it sells nothing?<\/p>\n\n\n\n

      NFT Platform, Neon<\/a>, has launched the first NFT vending machine in the world in New York City's Financial District.<\/p>\n\n\n\n

      The machine accepts both debit and credit cards, before dispensing a box with a QR code inside. This QR code is technically your NFT, all you have to do is scan it through Neon's App. Once scanned the NFT will show up in your digital wallet, although the wallet is not required to purchase.<\/p>\n\n\n\n

      \"\"
      Credit: Neon<\/figcaption><\/figure>\n\n\n\n

      Why A Vending Machine?<\/h2>\n\n\n\n

      In order to make NFTs more accessible to the public Neon\u2019s machine doesn\u2019t require any cryptocurrency. This allows for the public to buy an NFT without having to sign up prior to doing so. <\/p>\n\n\n\n

      Purchasing an NFT can be a daunting task to those not familiar with Web 3 and Blockchain. Neon hopes to \"bring digital art and collecting to the largest possible audience\". An NFT vending machine is surely one way to attract a lot of attention.<\/p>\n\n\n\n

      Jordan Birnholtz, CMO and co-founder of Neon states that \u201cwhile only 2% of Americans have digital wallets, 80% have a credit card or debit card,\u201d adding that \u201cNeon started with fiat because our mission is unique, to bring digital art and collecting to the largest possible audience,\u201d<\/p>\n","post_title":"World's First NFT Vending Machine Launched In NYC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"worlds-first-nft-vending-machine-launched-in-nyc","to_ping":"","pinged":"","post_modified":"2022-02-23 19:11:57","post_modified_gmt":"2022-02-23 08:11:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3564","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3413,"post_author":"1","post_date":"2022-02-08 21:35:14","post_date_gmt":"2022-02-08 10:35:14","post_content":"\n

      The Recording Industry Association of America (RIAA) calls for an end to \"bogus\" NFT site HitPiece<\/a>'s infringement of artists' rights. The cease and desist was forwarded<\/a> to the attorneys of HitPiece on February 4th, 2022.<\/p>\n\n\n\n

      The RIAA insists HitPiece stop infringing on the intellectual rights of the musicians for selling NFTs of their music without the consent of the original artists. This is nothing new, HitPiece has been criticized in the past by both artists and fans for the same reason. After an apology<\/a> from the company on February 2nd, this wasn't enough.<\/p>\n\n\n\n

      The line was crossed and the FIAA decided to step in to take legal action and show that there is no playing around in this industry.<\/p>\n\n\n\n

      \u201cHitPiece appears to be little more than a scam operation designed to trade on fans\u2019 love of music and desire to connect more closely with artists, using buzzwords and jargon to gloss over their complete failure to obtain necessary rights. Fans were led to believe they were purchasing an NFT genuinely associated with an artist and their work when that was not at all the case. While the operators appear to have taken the main HitPiece site offline for now, this move was necessary to ensure a fair accounting for the harm HitPiece and its operators have already done and to ensure that this site or copycats don\u2019t simply resume their scams under another name.\u201d<\/strong><\/em><\/p>Ken Doroshow, RIAA Chief Legal Officer<\/cite><\/blockquote>\n","post_title":"NFT Platform HitPiece Receives Cease And Desist Letter From Recording Industry Association","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nft-platform-hitpiece-receives-cease-and-desist-letter-from-recording-industry-association","to_ping":"","pinged":"","post_modified":"2023-04-11 12:55:43","post_modified_gmt":"2023-04-11 02:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3413","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3398,"post_author":"1","post_date":"2022-02-06 23:17:56","post_date_gmt":"2022-02-06 12:17:56","post_content":"\n

      A home in Gulfport, Florida will be auctioned off as an NFT. Real Estate Technology company, Propy<\/a>, will be minting the property through a digital auction<\/a>. The NFT will hold the rights to the house, in a digital form, while also serving as the LLC. This will protect the rights and ownership of the property. <\/p>\n\n\n\n

      This will be the second property to be sold as an NFT by Propy, following the sale<\/a> of TechCrunch founder, Micheal Arrington's, Kyiv Apartment for 36 ETH.<\/p>\n\n\n\n

      Why Sell A Property As An NFT?<\/h2>\n\n\n\n

      The current owner of the property, Leslie Alessandra, stated she chose to list the home as an NFT to demonstrate the use of evolving technology. <\/p>\n\n\n\n

      \u201cIs this just hype or is there a real world application? (The auction) is really to stimulate conversation,\u201d<\/em><\/strong><\/p>Leslie Alessandra on Tampa Bay Times<\/a><\/cite><\/blockquote>\n\n\n\n

      Whats The Paperwork Like?<\/h2>\n\n\n\n

      The legal landscape of asset ownership has had to evolve quickly in the past few years to accommodate the adoption of digital assets, and this is no exception. <\/p>\n\n\n\n

      Any purchase of a property must be recorded in the county's recorders office, this is to facilitate the transfer of ownership rights. A legal entity must exist to transfer the property to, which is where NFTs are used in more public scenes, representing an LLC.<\/p>\n\n\n\n

      <\/div>\n\n\n\n

      --> The sale takes place on the 8th Of February, with over 2000 people signed up to witness the first sale of a house as an NFT in the U.S.<\/p>\n","post_title":"Florida Home Listed For Sale, As An NFT","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"florida-home-listed-for-sale-as-an-nft","to_ping":"","pinged":"","post_modified":"2022-02-16 21:44:00","post_modified_gmt":"2022-02-16 10:44:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3398","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":1529,"post_author":"1","post_date":"2021-10-29 17:25:31","post_date_gmt":"2021-10-29 06:25:31","post_content":"\n

      One of the largest art sales in history may have just taken place, CryptoPunk #9888 sold for $530 Million.<\/p>\n\n\n\n

      Although, this is no more than just an elaborate hoax. See it is hard to trick people when you buy your own artwork, especially on a public blockchain.<\/p>\n\n\n\n

      A Twitter bot tracking the sales of every CryptoPunk tweeted this on Thursday night shortly after 8 pm. <\/p>\n\n\n\n

      \nhttps:\/\/twitter.com\/cryptopunksbot\/status\/1453872415591829504\n<\/div><\/figure>\n\n\n\n

      You may wonder \"What makes this NFT worth half a billion dollars?<\/a>\" and the truth is, not much actually. <\/p>\n\n\n\n

      Using Rarity<\/a> ranks its Rarity Score at a mere 136.49<\/a>, compared to Punk #7804 which actually sold for $7.57M and has a rarity score of 2329.18<\/a>.<\/p>\n\n\n\n

      Due to the fact this punk lacks desirable features from a collectors perspective, it quickly attracted attention to how it could sell for this sum of money. <\/p>\n\n\n\n

      A look at the Ethereum Blockchain Ledger shows that it was nothing more than smart, smart contract trickery.<\/p>\n\n\n\n

      \nhttps:\/\/twitter.com\/nanexcool\/status\/1453874296812670976\n<\/div><\/figure>\n\n\n\n

      Why Would You Buy Your Own NFT?<\/h2>\n\n\n\n

      The purchase was made using a flash loan contract, essentially this is a loan that is repaid immediately. <\/p>\n\n\n\n

      The owner of this Punk bought his own Cryptopunk and instantly paid back his loan, using smart arbitrage he bought millions of eyes onto his NFT for only $800 in Ethereum Gas Fees.<\/p>\n\n\n\n

      Is this purely genius marketing to a not so spectacular Cryptopunk?<\/p>\n","post_title":"What's Behind The $530M CryptoPunk #9998","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptopunk-9998","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:56","post_modified_gmt":"2022-03-14 10:05:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1529","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

      1 … 3 4 5

      Most Read

      Subscribe To Our Newsletter

      By subscribing, you agree with our privacy and terms.

      Follow The Distributed

      Twitter Instagram Youtube LinkedIn Facebook RSS
      ADVERTISEMENT
      \n

      South Korean Ministry of Science and ICT are in \"fully-fledged support\" for the creation of an Extended Virtual World <\/em>ecosystem.<\/p>\n\n\n\n

      The ministry's official statement <\/a>pledged to donate over $223B Korean Won (US$186.7M) in an attempt to complete 4 main objectives.<\/p>\n\n\n\n

      1. Build A Platform<\/li>
      2. Fostering Professionals<\/li>
      3. Fostering Specialised Companies<\/li>
      4. Creating A Reliable Extended Virtual World Enviroment<\/li><\/ol>\n\n\n\n

        With the completion of these objectives, the ministry will attempt to use its \"Metaverse\" to create a decentralized creator economy. With plans to expand the virtual growth of cities, education, and media.<\/p>\n\n\n\n

        Above all, the ministry expects its metaverse to have a global influence. The metaverse will provide seamless access to South Korean companies over time. <\/p>\n\n\n\n

        Together with financial and technological support to companies leading the expanded virtual world industry, South Korea aims to provide a lot of corporate support for developers.<\/p>\n\n\n\n

        Meanwhile, a broad government council is in the works to tackle issues in the virtual space. Issues such as personal information and intellectual property protection, and supervision of illegal acts.\u00a0<\/p>\n\n\n\n

        \"We will spare no effort to support domestic companies, young developers, and creators so that they can find new growth opportunities in the infinite digital economy territory created by the expanded virtual world and open up a healthy expanded virtual world.<\/strong>\u201d<\/p>Park Yun-gyu, Head of Information and Communication Policy, Ministry of Science and ICT<\/strong><\/cite><\/blockquote>\n","post_title":"South Korean Government To Invest $187M Into The Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-government-to-invest-187m-into-the-metaverse","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:46","post_modified_gmt":"2023-04-11 02:53:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3646","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3564,"post_author":"1","post_date":"2022-02-23 19:11:54","post_date_gmt":"2022-02-23 08:11:54","post_content":"\n

        A vending machine in New York has launched and it sells nothing?<\/p>\n\n\n\n

        NFT Platform, Neon<\/a>, has launched the first NFT vending machine in the world in New York City's Financial District.<\/p>\n\n\n\n

        The machine accepts both debit and credit cards, before dispensing a box with a QR code inside. This QR code is technically your NFT, all you have to do is scan it through Neon's App. Once scanned the NFT will show up in your digital wallet, although the wallet is not required to purchase.<\/p>\n\n\n\n

        \"\"
        Credit: Neon<\/figcaption><\/figure>\n\n\n\n

        Why A Vending Machine?<\/h2>\n\n\n\n

        In order to make NFTs more accessible to the public Neon\u2019s machine doesn\u2019t require any cryptocurrency. This allows for the public to buy an NFT without having to sign up prior to doing so. <\/p>\n\n\n\n

        Purchasing an NFT can be a daunting task to those not familiar with Web 3 and Blockchain. Neon hopes to \"bring digital art and collecting to the largest possible audience\". An NFT vending machine is surely one way to attract a lot of attention.<\/p>\n\n\n\n

        Jordan Birnholtz, CMO and co-founder of Neon states that \u201cwhile only 2% of Americans have digital wallets, 80% have a credit card or debit card,\u201d adding that \u201cNeon started with fiat because our mission is unique, to bring digital art and collecting to the largest possible audience,\u201d<\/p>\n","post_title":"World's First NFT Vending Machine Launched In NYC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"worlds-first-nft-vending-machine-launched-in-nyc","to_ping":"","pinged":"","post_modified":"2022-02-23 19:11:57","post_modified_gmt":"2022-02-23 08:11:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3564","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3413,"post_author":"1","post_date":"2022-02-08 21:35:14","post_date_gmt":"2022-02-08 10:35:14","post_content":"\n

        The Recording Industry Association of America (RIAA) calls for an end to \"bogus\" NFT site HitPiece<\/a>'s infringement of artists' rights. The cease and desist was forwarded<\/a> to the attorneys of HitPiece on February 4th, 2022.<\/p>\n\n\n\n

        The RIAA insists HitPiece stop infringing on the intellectual rights of the musicians for selling NFTs of their music without the consent of the original artists. This is nothing new, HitPiece has been criticized in the past by both artists and fans for the same reason. After an apology<\/a> from the company on February 2nd, this wasn't enough.<\/p>\n\n\n\n

        The line was crossed and the FIAA decided to step in to take legal action and show that there is no playing around in this industry.<\/p>\n\n\n\n

        \u201cHitPiece appears to be little more than a scam operation designed to trade on fans\u2019 love of music and desire to connect more closely with artists, using buzzwords and jargon to gloss over their complete failure to obtain necessary rights. Fans were led to believe they were purchasing an NFT genuinely associated with an artist and their work when that was not at all the case. While the operators appear to have taken the main HitPiece site offline for now, this move was necessary to ensure a fair accounting for the harm HitPiece and its operators have already done and to ensure that this site or copycats don\u2019t simply resume their scams under another name.\u201d<\/strong><\/em><\/p>Ken Doroshow, RIAA Chief Legal Officer<\/cite><\/blockquote>\n","post_title":"NFT Platform HitPiece Receives Cease And Desist Letter From Recording Industry Association","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nft-platform-hitpiece-receives-cease-and-desist-letter-from-recording-industry-association","to_ping":"","pinged":"","post_modified":"2023-04-11 12:55:43","post_modified_gmt":"2023-04-11 02:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3413","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3398,"post_author":"1","post_date":"2022-02-06 23:17:56","post_date_gmt":"2022-02-06 12:17:56","post_content":"\n

        A home in Gulfport, Florida will be auctioned off as an NFT. Real Estate Technology company, Propy<\/a>, will be minting the property through a digital auction<\/a>. The NFT will hold the rights to the house, in a digital form, while also serving as the LLC. This will protect the rights and ownership of the property. <\/p>\n\n\n\n

        This will be the second property to be sold as an NFT by Propy, following the sale<\/a> of TechCrunch founder, Micheal Arrington's, Kyiv Apartment for 36 ETH.<\/p>\n\n\n\n

        Why Sell A Property As An NFT?<\/h2>\n\n\n\n

        The current owner of the property, Leslie Alessandra, stated she chose to list the home as an NFT to demonstrate the use of evolving technology. <\/p>\n\n\n\n

        \u201cIs this just hype or is there a real world application? (The auction) is really to stimulate conversation,\u201d<\/em><\/strong><\/p>Leslie Alessandra on Tampa Bay Times<\/a><\/cite><\/blockquote>\n\n\n\n

        Whats The Paperwork Like?<\/h2>\n\n\n\n

        The legal landscape of asset ownership has had to evolve quickly in the past few years to accommodate the adoption of digital assets, and this is no exception. <\/p>\n\n\n\n

        Any purchase of a property must be recorded in the county's recorders office, this is to facilitate the transfer of ownership rights. A legal entity must exist to transfer the property to, which is where NFTs are used in more public scenes, representing an LLC.<\/p>\n\n\n\n

        <\/div>\n\n\n\n

        --> The sale takes place on the 8th Of February, with over 2000 people signed up to witness the first sale of a house as an NFT in the U.S.<\/p>\n","post_title":"Florida Home Listed For Sale, As An NFT","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"florida-home-listed-for-sale-as-an-nft","to_ping":"","pinged":"","post_modified":"2022-02-16 21:44:00","post_modified_gmt":"2022-02-16 10:44:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3398","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":1529,"post_author":"1","post_date":"2021-10-29 17:25:31","post_date_gmt":"2021-10-29 06:25:31","post_content":"\n

        One of the largest art sales in history may have just taken place, CryptoPunk #9888 sold for $530 Million.<\/p>\n\n\n\n

        Although, this is no more than just an elaborate hoax. See it is hard to trick people when you buy your own artwork, especially on a public blockchain.<\/p>\n\n\n\n

        A Twitter bot tracking the sales of every CryptoPunk tweeted this on Thursday night shortly after 8 pm. <\/p>\n\n\n\n

        \nhttps:\/\/twitter.com\/cryptopunksbot\/status\/1453872415591829504\n<\/div><\/figure>\n\n\n\n

        You may wonder \"What makes this NFT worth half a billion dollars?<\/a>\" and the truth is, not much actually. <\/p>\n\n\n\n

        Using Rarity<\/a> ranks its Rarity Score at a mere 136.49<\/a>, compared to Punk #7804 which actually sold for $7.57M and has a rarity score of 2329.18<\/a>.<\/p>\n\n\n\n

        Due to the fact this punk lacks desirable features from a collectors perspective, it quickly attracted attention to how it could sell for this sum of money. <\/p>\n\n\n\n

        A look at the Ethereum Blockchain Ledger shows that it was nothing more than smart, smart contract trickery.<\/p>\n\n\n\n

        \nhttps:\/\/twitter.com\/nanexcool\/status\/1453874296812670976\n<\/div><\/figure>\n\n\n\n

        Why Would You Buy Your Own NFT?<\/h2>\n\n\n\n

        The purchase was made using a flash loan contract, essentially this is a loan that is repaid immediately. <\/p>\n\n\n\n

        The owner of this Punk bought his own Cryptopunk and instantly paid back his loan, using smart arbitrage he bought millions of eyes onto his NFT for only $800 in Ethereum Gas Fees.<\/p>\n\n\n\n

        Is this purely genius marketing to a not so spectacular Cryptopunk?<\/p>\n","post_title":"What's Behind The $530M CryptoPunk #9998","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptopunk-9998","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:56","post_modified_gmt":"2022-03-14 10:05:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1529","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

        1 … 3 4 5

        Most Read

        Subscribe To Our Newsletter

        By subscribing, you agree with our privacy and terms.

        Follow The Distributed

        Twitter Instagram Youtube LinkedIn Facebook RSS
        ADVERTISEMENT
        \n

        Will the Ukraine NFT follow through, unlike the airdrop?<\/p>\n","post_title":"Ukraine Crypto Airdrop Is Cancelled, NFTs Take Their Place","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ukraine-crypto-airdrop-is-cancelled-nfts-take-their-place","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/ukraines-airdrop-promoting-a-surge-in-microdonations\/\nhttps:\/\/www.thedistributed.co\/ukraine-government-confirms-airdrop-for-crypto-donors\/","post_modified":"2022-03-04 20:59:35","post_modified_gmt":"2022-03-04 09:59:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3766","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3646,"post_author":"1","post_date":"2022-02-28 19:09:26","post_date_gmt":"2022-02-28 08:09:26","post_content":"\n

        South Korean Ministry of Science and ICT are in \"fully-fledged support\" for the creation of an Extended Virtual World <\/em>ecosystem.<\/p>\n\n\n\n

        The ministry's official statement <\/a>pledged to donate over $223B Korean Won (US$186.7M) in an attempt to complete 4 main objectives.<\/p>\n\n\n\n

        1. Build A Platform<\/li>
        2. Fostering Professionals<\/li>
        3. Fostering Specialised Companies<\/li>
        4. Creating A Reliable Extended Virtual World Enviroment<\/li><\/ol>\n\n\n\n

          With the completion of these objectives, the ministry will attempt to use its \"Metaverse\" to create a decentralized creator economy. With plans to expand the virtual growth of cities, education, and media.<\/p>\n\n\n\n

          Above all, the ministry expects its metaverse to have a global influence. The metaverse will provide seamless access to South Korean companies over time. <\/p>\n\n\n\n

          Together with financial and technological support to companies leading the expanded virtual world industry, South Korea aims to provide a lot of corporate support for developers.<\/p>\n\n\n\n

          Meanwhile, a broad government council is in the works to tackle issues in the virtual space. Issues such as personal information and intellectual property protection, and supervision of illegal acts.\u00a0<\/p>\n\n\n\n

          \"We will spare no effort to support domestic companies, young developers, and creators so that they can find new growth opportunities in the infinite digital economy territory created by the expanded virtual world and open up a healthy expanded virtual world.<\/strong>\u201d<\/p>Park Yun-gyu, Head of Information and Communication Policy, Ministry of Science and ICT<\/strong><\/cite><\/blockquote>\n","post_title":"South Korean Government To Invest $187M Into The Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-government-to-invest-187m-into-the-metaverse","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:46","post_modified_gmt":"2023-04-11 02:53:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3646","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3564,"post_author":"1","post_date":"2022-02-23 19:11:54","post_date_gmt":"2022-02-23 08:11:54","post_content":"\n

          A vending machine in New York has launched and it sells nothing?<\/p>\n\n\n\n

          NFT Platform, Neon<\/a>, has launched the first NFT vending machine in the world in New York City's Financial District.<\/p>\n\n\n\n

          The machine accepts both debit and credit cards, before dispensing a box with a QR code inside. This QR code is technically your NFT, all you have to do is scan it through Neon's App. Once scanned the NFT will show up in your digital wallet, although the wallet is not required to purchase.<\/p>\n\n\n\n

          \"\"
          Credit: Neon<\/figcaption><\/figure>\n\n\n\n

          Why A Vending Machine?<\/h2>\n\n\n\n

          In order to make NFTs more accessible to the public Neon\u2019s machine doesn\u2019t require any cryptocurrency. This allows for the public to buy an NFT without having to sign up prior to doing so. <\/p>\n\n\n\n

          Purchasing an NFT can be a daunting task to those not familiar with Web 3 and Blockchain. Neon hopes to \"bring digital art and collecting to the largest possible audience\". An NFT vending machine is surely one way to attract a lot of attention.<\/p>\n\n\n\n

          Jordan Birnholtz, CMO and co-founder of Neon states that \u201cwhile only 2% of Americans have digital wallets, 80% have a credit card or debit card,\u201d adding that \u201cNeon started with fiat because our mission is unique, to bring digital art and collecting to the largest possible audience,\u201d<\/p>\n","post_title":"World's First NFT Vending Machine Launched In NYC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"worlds-first-nft-vending-machine-launched-in-nyc","to_ping":"","pinged":"","post_modified":"2022-02-23 19:11:57","post_modified_gmt":"2022-02-23 08:11:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3564","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3413,"post_author":"1","post_date":"2022-02-08 21:35:14","post_date_gmt":"2022-02-08 10:35:14","post_content":"\n

          The Recording Industry Association of America (RIAA) calls for an end to \"bogus\" NFT site HitPiece<\/a>'s infringement of artists' rights. The cease and desist was forwarded<\/a> to the attorneys of HitPiece on February 4th, 2022.<\/p>\n\n\n\n

          The RIAA insists HitPiece stop infringing on the intellectual rights of the musicians for selling NFTs of their music without the consent of the original artists. This is nothing new, HitPiece has been criticized in the past by both artists and fans for the same reason. After an apology<\/a> from the company on February 2nd, this wasn't enough.<\/p>\n\n\n\n

          The line was crossed and the FIAA decided to step in to take legal action and show that there is no playing around in this industry.<\/p>\n\n\n\n

          \u201cHitPiece appears to be little more than a scam operation designed to trade on fans\u2019 love of music and desire to connect more closely with artists, using buzzwords and jargon to gloss over their complete failure to obtain necessary rights. Fans were led to believe they were purchasing an NFT genuinely associated with an artist and their work when that was not at all the case. While the operators appear to have taken the main HitPiece site offline for now, this move was necessary to ensure a fair accounting for the harm HitPiece and its operators have already done and to ensure that this site or copycats don\u2019t simply resume their scams under another name.\u201d<\/strong><\/em><\/p>Ken Doroshow, RIAA Chief Legal Officer<\/cite><\/blockquote>\n","post_title":"NFT Platform HitPiece Receives Cease And Desist Letter From Recording Industry Association","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nft-platform-hitpiece-receives-cease-and-desist-letter-from-recording-industry-association","to_ping":"","pinged":"","post_modified":"2023-04-11 12:55:43","post_modified_gmt":"2023-04-11 02:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3413","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3398,"post_author":"1","post_date":"2022-02-06 23:17:56","post_date_gmt":"2022-02-06 12:17:56","post_content":"\n

          A home in Gulfport, Florida will be auctioned off as an NFT. Real Estate Technology company, Propy<\/a>, will be minting the property through a digital auction<\/a>. The NFT will hold the rights to the house, in a digital form, while also serving as the LLC. This will protect the rights and ownership of the property. <\/p>\n\n\n\n

          This will be the second property to be sold as an NFT by Propy, following the sale<\/a> of TechCrunch founder, Micheal Arrington's, Kyiv Apartment for 36 ETH.<\/p>\n\n\n\n

          Why Sell A Property As An NFT?<\/h2>\n\n\n\n

          The current owner of the property, Leslie Alessandra, stated she chose to list the home as an NFT to demonstrate the use of evolving technology. <\/p>\n\n\n\n

          \u201cIs this just hype or is there a real world application? (The auction) is really to stimulate conversation,\u201d<\/em><\/strong><\/p>Leslie Alessandra on Tampa Bay Times<\/a><\/cite><\/blockquote>\n\n\n\n

          Whats The Paperwork Like?<\/h2>\n\n\n\n

          The legal landscape of asset ownership has had to evolve quickly in the past few years to accommodate the adoption of digital assets, and this is no exception. <\/p>\n\n\n\n

          Any purchase of a property must be recorded in the county's recorders office, this is to facilitate the transfer of ownership rights. A legal entity must exist to transfer the property to, which is where NFTs are used in more public scenes, representing an LLC.<\/p>\n\n\n\n

          <\/div>\n\n\n\n

          --> The sale takes place on the 8th Of February, with over 2000 people signed up to witness the first sale of a house as an NFT in the U.S.<\/p>\n","post_title":"Florida Home Listed For Sale, As An NFT","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"florida-home-listed-for-sale-as-an-nft","to_ping":"","pinged":"","post_modified":"2022-02-16 21:44:00","post_modified_gmt":"2022-02-16 10:44:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3398","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":1529,"post_author":"1","post_date":"2021-10-29 17:25:31","post_date_gmt":"2021-10-29 06:25:31","post_content":"\n

          One of the largest art sales in history may have just taken place, CryptoPunk #9888 sold for $530 Million.<\/p>\n\n\n\n

          Although, this is no more than just an elaborate hoax. See it is hard to trick people when you buy your own artwork, especially on a public blockchain.<\/p>\n\n\n\n

          A Twitter bot tracking the sales of every CryptoPunk tweeted this on Thursday night shortly after 8 pm. <\/p>\n\n\n\n

          \nhttps:\/\/twitter.com\/cryptopunksbot\/status\/1453872415591829504\n<\/div><\/figure>\n\n\n\n

          You may wonder \"What makes this NFT worth half a billion dollars?<\/a>\" and the truth is, not much actually. <\/p>\n\n\n\n

          Using Rarity<\/a> ranks its Rarity Score at a mere 136.49<\/a>, compared to Punk #7804 which actually sold for $7.57M and has a rarity score of 2329.18<\/a>.<\/p>\n\n\n\n

          Due to the fact this punk lacks desirable features from a collectors perspective, it quickly attracted attention to how it could sell for this sum of money. <\/p>\n\n\n\n

          A look at the Ethereum Blockchain Ledger shows that it was nothing more than smart, smart contract trickery.<\/p>\n\n\n\n

          \nhttps:\/\/twitter.com\/nanexcool\/status\/1453874296812670976\n<\/div><\/figure>\n\n\n\n

          Why Would You Buy Your Own NFT?<\/h2>\n\n\n\n

          The purchase was made using a flash loan contract, essentially this is a loan that is repaid immediately. <\/p>\n\n\n\n

          The owner of this Punk bought his own Cryptopunk and instantly paid back his loan, using smart arbitrage he bought millions of eyes onto his NFT for only $800 in Ethereum Gas Fees.<\/p>\n\n\n\n

          Is this purely genius marketing to a not so spectacular Cryptopunk?<\/p>\n","post_title":"What's Behind The $530M CryptoPunk #9998","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptopunk-9998","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:56","post_modified_gmt":"2022-03-14 10:05:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1529","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

          1 … 3 4 5

          Most Read

          Subscribe To Our Newsletter

          By subscribing, you agree with our privacy and terms.

          Follow The Distributed

          Twitter Instagram Youtube LinkedIn Facebook RSS
          ADVERTISEMENT
          \n
          \"Total
          Source: Dune Analytics<\/figcaption><\/figure>\n\n\n\n

          Will the Ukraine NFT follow through, unlike the airdrop?<\/p>\n","post_title":"Ukraine Crypto Airdrop Is Cancelled, NFTs Take Their Place","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ukraine-crypto-airdrop-is-cancelled-nfts-take-their-place","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/ukraines-airdrop-promoting-a-surge-in-microdonations\/\nhttps:\/\/www.thedistributed.co\/ukraine-government-confirms-airdrop-for-crypto-donors\/","post_modified":"2022-03-04 20:59:35","post_modified_gmt":"2022-03-04 09:59:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3766","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3646,"post_author":"1","post_date":"2022-02-28 19:09:26","post_date_gmt":"2022-02-28 08:09:26","post_content":"\n

          South Korean Ministry of Science and ICT are in \"fully-fledged support\" for the creation of an Extended Virtual World <\/em>ecosystem.<\/p>\n\n\n\n

          The ministry's official statement <\/a>pledged to donate over $223B Korean Won (US$186.7M) in an attempt to complete 4 main objectives.<\/p>\n\n\n\n

          1. Build A Platform<\/li>
          2. Fostering Professionals<\/li>
          3. Fostering Specialised Companies<\/li>
          4. Creating A Reliable Extended Virtual World Enviroment<\/li><\/ol>\n\n\n\n

            With the completion of these objectives, the ministry will attempt to use its \"Metaverse\" to create a decentralized creator economy. With plans to expand the virtual growth of cities, education, and media.<\/p>\n\n\n\n

            Above all, the ministry expects its metaverse to have a global influence. The metaverse will provide seamless access to South Korean companies over time. <\/p>\n\n\n\n

            Together with financial and technological support to companies leading the expanded virtual world industry, South Korea aims to provide a lot of corporate support for developers.<\/p>\n\n\n\n

            Meanwhile, a broad government council is in the works to tackle issues in the virtual space. Issues such as personal information and intellectual property protection, and supervision of illegal acts.\u00a0<\/p>\n\n\n\n

            \"We will spare no effort to support domestic companies, young developers, and creators so that they can find new growth opportunities in the infinite digital economy territory created by the expanded virtual world and open up a healthy expanded virtual world.<\/strong>\u201d<\/p>Park Yun-gyu, Head of Information and Communication Policy, Ministry of Science and ICT<\/strong><\/cite><\/blockquote>\n","post_title":"South Korean Government To Invest $187M Into The Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-government-to-invest-187m-into-the-metaverse","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:46","post_modified_gmt":"2023-04-11 02:53:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3646","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3564,"post_author":"1","post_date":"2022-02-23 19:11:54","post_date_gmt":"2022-02-23 08:11:54","post_content":"\n

            A vending machine in New York has launched and it sells nothing?<\/p>\n\n\n\n

            NFT Platform, Neon<\/a>, has launched the first NFT vending machine in the world in New York City's Financial District.<\/p>\n\n\n\n

            The machine accepts both debit and credit cards, before dispensing a box with a QR code inside. This QR code is technically your NFT, all you have to do is scan it through Neon's App. Once scanned the NFT will show up in your digital wallet, although the wallet is not required to purchase.<\/p>\n\n\n\n

            \"\"
            Credit: Neon<\/figcaption><\/figure>\n\n\n\n

            Why A Vending Machine?<\/h2>\n\n\n\n

            In order to make NFTs more accessible to the public Neon\u2019s machine doesn\u2019t require any cryptocurrency. This allows for the public to buy an NFT without having to sign up prior to doing so. <\/p>\n\n\n\n

            Purchasing an NFT can be a daunting task to those not familiar with Web 3 and Blockchain. Neon hopes to \"bring digital art and collecting to the largest possible audience\". An NFT vending machine is surely one way to attract a lot of attention.<\/p>\n\n\n\n

            Jordan Birnholtz, CMO and co-founder of Neon states that \u201cwhile only 2% of Americans have digital wallets, 80% have a credit card or debit card,\u201d adding that \u201cNeon started with fiat because our mission is unique, to bring digital art and collecting to the largest possible audience,\u201d<\/p>\n","post_title":"World's First NFT Vending Machine Launched In NYC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"worlds-first-nft-vending-machine-launched-in-nyc","to_ping":"","pinged":"","post_modified":"2022-02-23 19:11:57","post_modified_gmt":"2022-02-23 08:11:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3564","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3413,"post_author":"1","post_date":"2022-02-08 21:35:14","post_date_gmt":"2022-02-08 10:35:14","post_content":"\n

            The Recording Industry Association of America (RIAA) calls for an end to \"bogus\" NFT site HitPiece<\/a>'s infringement of artists' rights. The cease and desist was forwarded<\/a> to the attorneys of HitPiece on February 4th, 2022.<\/p>\n\n\n\n

            The RIAA insists HitPiece stop infringing on the intellectual rights of the musicians for selling NFTs of their music without the consent of the original artists. This is nothing new, HitPiece has been criticized in the past by both artists and fans for the same reason. After an apology<\/a> from the company on February 2nd, this wasn't enough.<\/p>\n\n\n\n

            The line was crossed and the FIAA decided to step in to take legal action and show that there is no playing around in this industry.<\/p>\n\n\n\n

            \u201cHitPiece appears to be little more than a scam operation designed to trade on fans\u2019 love of music and desire to connect more closely with artists, using buzzwords and jargon to gloss over their complete failure to obtain necessary rights. Fans were led to believe they were purchasing an NFT genuinely associated with an artist and their work when that was not at all the case. While the operators appear to have taken the main HitPiece site offline for now, this move was necessary to ensure a fair accounting for the harm HitPiece and its operators have already done and to ensure that this site or copycats don\u2019t simply resume their scams under another name.\u201d<\/strong><\/em><\/p>Ken Doroshow, RIAA Chief Legal Officer<\/cite><\/blockquote>\n","post_title":"NFT Platform HitPiece Receives Cease And Desist Letter From Recording Industry Association","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nft-platform-hitpiece-receives-cease-and-desist-letter-from-recording-industry-association","to_ping":"","pinged":"","post_modified":"2023-04-11 12:55:43","post_modified_gmt":"2023-04-11 02:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3413","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3398,"post_author":"1","post_date":"2022-02-06 23:17:56","post_date_gmt":"2022-02-06 12:17:56","post_content":"\n

            A home in Gulfport, Florida will be auctioned off as an NFT. Real Estate Technology company, Propy<\/a>, will be minting the property through a digital auction<\/a>. The NFT will hold the rights to the house, in a digital form, while also serving as the LLC. This will protect the rights and ownership of the property. <\/p>\n\n\n\n

            This will be the second property to be sold as an NFT by Propy, following the sale<\/a> of TechCrunch founder, Micheal Arrington's, Kyiv Apartment for 36 ETH.<\/p>\n\n\n\n

            Why Sell A Property As An NFT?<\/h2>\n\n\n\n

            The current owner of the property, Leslie Alessandra, stated she chose to list the home as an NFT to demonstrate the use of evolving technology. <\/p>\n\n\n\n

            \u201cIs this just hype or is there a real world application? (The auction) is really to stimulate conversation,\u201d<\/em><\/strong><\/p>Leslie Alessandra on Tampa Bay Times<\/a><\/cite><\/blockquote>\n\n\n\n

            Whats The Paperwork Like?<\/h2>\n\n\n\n

            The legal landscape of asset ownership has had to evolve quickly in the past few years to accommodate the adoption of digital assets, and this is no exception. <\/p>\n\n\n\n

            Any purchase of a property must be recorded in the county's recorders office, this is to facilitate the transfer of ownership rights. A legal entity must exist to transfer the property to, which is where NFTs are used in more public scenes, representing an LLC.<\/p>\n\n\n\n

            <\/div>\n\n\n\n

            --> The sale takes place on the 8th Of February, with over 2000 people signed up to witness the first sale of a house as an NFT in the U.S.<\/p>\n","post_title":"Florida Home Listed For Sale, As An NFT","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"florida-home-listed-for-sale-as-an-nft","to_ping":"","pinged":"","post_modified":"2022-02-16 21:44:00","post_modified_gmt":"2022-02-16 10:44:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3398","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":1529,"post_author":"1","post_date":"2021-10-29 17:25:31","post_date_gmt":"2021-10-29 06:25:31","post_content":"\n

            One of the largest art sales in history may have just taken place, CryptoPunk #9888 sold for $530 Million.<\/p>\n\n\n\n

            Although, this is no more than just an elaborate hoax. See it is hard to trick people when you buy your own artwork, especially on a public blockchain.<\/p>\n\n\n\n

            A Twitter bot tracking the sales of every CryptoPunk tweeted this on Thursday night shortly after 8 pm. <\/p>\n\n\n\n

            \nhttps:\/\/twitter.com\/cryptopunksbot\/status\/1453872415591829504\n<\/div><\/figure>\n\n\n\n

            You may wonder \"What makes this NFT worth half a billion dollars?<\/a>\" and the truth is, not much actually. <\/p>\n\n\n\n

            Using Rarity<\/a> ranks its Rarity Score at a mere 136.49<\/a>, compared to Punk #7804 which actually sold for $7.57M and has a rarity score of 2329.18<\/a>.<\/p>\n\n\n\n

            Due to the fact this punk lacks desirable features from a collectors perspective, it quickly attracted attention to how it could sell for this sum of money. <\/p>\n\n\n\n

            A look at the Ethereum Blockchain Ledger shows that it was nothing more than smart, smart contract trickery.<\/p>\n\n\n\n

            \nhttps:\/\/twitter.com\/nanexcool\/status\/1453874296812670976\n<\/div><\/figure>\n\n\n\n

            Why Would You Buy Your Own NFT?<\/h2>\n\n\n\n

            The purchase was made using a flash loan contract, essentially this is a loan that is repaid immediately. <\/p>\n\n\n\n

            The owner of this Punk bought his own Cryptopunk and instantly paid back his loan, using smart arbitrage he bought millions of eyes onto his NFT for only $800 in Ethereum Gas Fees.<\/p>\n\n\n\n

            Is this purely genius marketing to a not so spectacular Cryptopunk?<\/p>\n","post_title":"What's Behind The $530M CryptoPunk #9998","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptopunk-9998","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:56","post_modified_gmt":"2022-03-14 10:05:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1529","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

            1 … 3 4 5

            Most Read

            Subscribe To Our Newsletter

            By subscribing, you agree with our privacy and terms.

            Follow The Distributed

            Twitter Instagram Youtube LinkedIn Facebook RSS
            ADVERTISEMENT
            \n

            The announcement saw thousands of microdonations<\/a> flood the ETH wallet<\/a> of Ukraine in an attempt to receive the rewards promised by the airdrop.<\/p>\n\n\n\n

            \"Total
            Source: Dune Analytics<\/figcaption><\/figure>\n\n\n\n

            Will the Ukraine NFT follow through, unlike the airdrop?<\/p>\n","post_title":"Ukraine Crypto Airdrop Is Cancelled, NFTs Take Their Place","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ukraine-crypto-airdrop-is-cancelled-nfts-take-their-place","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/ukraines-airdrop-promoting-a-surge-in-microdonations\/\nhttps:\/\/www.thedistributed.co\/ukraine-government-confirms-airdrop-for-crypto-donors\/","post_modified":"2022-03-04 20:59:35","post_modified_gmt":"2022-03-04 09:59:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3766","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3646,"post_author":"1","post_date":"2022-02-28 19:09:26","post_date_gmt":"2022-02-28 08:09:26","post_content":"\n

            South Korean Ministry of Science and ICT are in \"fully-fledged support\" for the creation of an Extended Virtual World <\/em>ecosystem.<\/p>\n\n\n\n

            The ministry's official statement <\/a>pledged to donate over $223B Korean Won (US$186.7M) in an attempt to complete 4 main objectives.<\/p>\n\n\n\n

            1. Build A Platform<\/li>
            2. Fostering Professionals<\/li>
            3. Fostering Specialised Companies<\/li>
            4. Creating A Reliable Extended Virtual World Enviroment<\/li><\/ol>\n\n\n\n

              With the completion of these objectives, the ministry will attempt to use its \"Metaverse\" to create a decentralized creator economy. With plans to expand the virtual growth of cities, education, and media.<\/p>\n\n\n\n

              Above all, the ministry expects its metaverse to have a global influence. The metaverse will provide seamless access to South Korean companies over time. <\/p>\n\n\n\n

              Together with financial and technological support to companies leading the expanded virtual world industry, South Korea aims to provide a lot of corporate support for developers.<\/p>\n\n\n\n

              Meanwhile, a broad government council is in the works to tackle issues in the virtual space. Issues such as personal information and intellectual property protection, and supervision of illegal acts.\u00a0<\/p>\n\n\n\n

              \"We will spare no effort to support domestic companies, young developers, and creators so that they can find new growth opportunities in the infinite digital economy territory created by the expanded virtual world and open up a healthy expanded virtual world.<\/strong>\u201d<\/p>Park Yun-gyu, Head of Information and Communication Policy, Ministry of Science and ICT<\/strong><\/cite><\/blockquote>\n","post_title":"South Korean Government To Invest $187M Into The Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-government-to-invest-187m-into-the-metaverse","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:46","post_modified_gmt":"2023-04-11 02:53:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3646","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3564,"post_author":"1","post_date":"2022-02-23 19:11:54","post_date_gmt":"2022-02-23 08:11:54","post_content":"\n

              A vending machine in New York has launched and it sells nothing?<\/p>\n\n\n\n

              NFT Platform, Neon<\/a>, has launched the first NFT vending machine in the world in New York City's Financial District.<\/p>\n\n\n\n

              The machine accepts both debit and credit cards, before dispensing a box with a QR code inside. This QR code is technically your NFT, all you have to do is scan it through Neon's App. Once scanned the NFT will show up in your digital wallet, although the wallet is not required to purchase.<\/p>\n\n\n\n

              \"\"
              Credit: Neon<\/figcaption><\/figure>\n\n\n\n

              Why A Vending Machine?<\/h2>\n\n\n\n

              In order to make NFTs more accessible to the public Neon\u2019s machine doesn\u2019t require any cryptocurrency. This allows for the public to buy an NFT without having to sign up prior to doing so. <\/p>\n\n\n\n

              Purchasing an NFT can be a daunting task to those not familiar with Web 3 and Blockchain. Neon hopes to \"bring digital art and collecting to the largest possible audience\". An NFT vending machine is surely one way to attract a lot of attention.<\/p>\n\n\n\n

              Jordan Birnholtz, CMO and co-founder of Neon states that \u201cwhile only 2% of Americans have digital wallets, 80% have a credit card or debit card,\u201d adding that \u201cNeon started with fiat because our mission is unique, to bring digital art and collecting to the largest possible audience,\u201d<\/p>\n","post_title":"World's First NFT Vending Machine Launched In NYC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"worlds-first-nft-vending-machine-launched-in-nyc","to_ping":"","pinged":"","post_modified":"2022-02-23 19:11:57","post_modified_gmt":"2022-02-23 08:11:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3564","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3413,"post_author":"1","post_date":"2022-02-08 21:35:14","post_date_gmt":"2022-02-08 10:35:14","post_content":"\n

              The Recording Industry Association of America (RIAA) calls for an end to \"bogus\" NFT site HitPiece<\/a>'s infringement of artists' rights. The cease and desist was forwarded<\/a> to the attorneys of HitPiece on February 4th, 2022.<\/p>\n\n\n\n

              The RIAA insists HitPiece stop infringing on the intellectual rights of the musicians for selling NFTs of their music without the consent of the original artists. This is nothing new, HitPiece has been criticized in the past by both artists and fans for the same reason. After an apology<\/a> from the company on February 2nd, this wasn't enough.<\/p>\n\n\n\n

              The line was crossed and the FIAA decided to step in to take legal action and show that there is no playing around in this industry.<\/p>\n\n\n\n

              \u201cHitPiece appears to be little more than a scam operation designed to trade on fans\u2019 love of music and desire to connect more closely with artists, using buzzwords and jargon to gloss over their complete failure to obtain necessary rights. Fans were led to believe they were purchasing an NFT genuinely associated with an artist and their work when that was not at all the case. While the operators appear to have taken the main HitPiece site offline for now, this move was necessary to ensure a fair accounting for the harm HitPiece and its operators have already done and to ensure that this site or copycats don\u2019t simply resume their scams under another name.\u201d<\/strong><\/em><\/p>Ken Doroshow, RIAA Chief Legal Officer<\/cite><\/blockquote>\n","post_title":"NFT Platform HitPiece Receives Cease And Desist Letter From Recording Industry Association","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nft-platform-hitpiece-receives-cease-and-desist-letter-from-recording-industry-association","to_ping":"","pinged":"","post_modified":"2023-04-11 12:55:43","post_modified_gmt":"2023-04-11 02:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3413","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3398,"post_author":"1","post_date":"2022-02-06 23:17:56","post_date_gmt":"2022-02-06 12:17:56","post_content":"\n

              A home in Gulfport, Florida will be auctioned off as an NFT. Real Estate Technology company, Propy<\/a>, will be minting the property through a digital auction<\/a>. The NFT will hold the rights to the house, in a digital form, while also serving as the LLC. This will protect the rights and ownership of the property. <\/p>\n\n\n\n

              This will be the second property to be sold as an NFT by Propy, following the sale<\/a> of TechCrunch founder, Micheal Arrington's, Kyiv Apartment for 36 ETH.<\/p>\n\n\n\n

              Why Sell A Property As An NFT?<\/h2>\n\n\n\n

              The current owner of the property, Leslie Alessandra, stated she chose to list the home as an NFT to demonstrate the use of evolving technology. <\/p>\n\n\n\n

              \u201cIs this just hype or is there a real world application? (The auction) is really to stimulate conversation,\u201d<\/em><\/strong><\/p>Leslie Alessandra on Tampa Bay Times<\/a><\/cite><\/blockquote>\n\n\n\n

              Whats The Paperwork Like?<\/h2>\n\n\n\n

              The legal landscape of asset ownership has had to evolve quickly in the past few years to accommodate the adoption of digital assets, and this is no exception. <\/p>\n\n\n\n

              Any purchase of a property must be recorded in the county's recorders office, this is to facilitate the transfer of ownership rights. A legal entity must exist to transfer the property to, which is where NFTs are used in more public scenes, representing an LLC.<\/p>\n\n\n\n

              <\/div>\n\n\n\n

              --> The sale takes place on the 8th Of February, with over 2000 people signed up to witness the first sale of a house as an NFT in the U.S.<\/p>\n","post_title":"Florida Home Listed For Sale, As An NFT","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"florida-home-listed-for-sale-as-an-nft","to_ping":"","pinged":"","post_modified":"2022-02-16 21:44:00","post_modified_gmt":"2022-02-16 10:44:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3398","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":1529,"post_author":"1","post_date":"2021-10-29 17:25:31","post_date_gmt":"2021-10-29 06:25:31","post_content":"\n

              One of the largest art sales in history may have just taken place, CryptoPunk #9888 sold for $530 Million.<\/p>\n\n\n\n

              Although, this is no more than just an elaborate hoax. See it is hard to trick people when you buy your own artwork, especially on a public blockchain.<\/p>\n\n\n\n

              A Twitter bot tracking the sales of every CryptoPunk tweeted this on Thursday night shortly after 8 pm. <\/p>\n\n\n\n

              \nhttps:\/\/twitter.com\/cryptopunksbot\/status\/1453872415591829504\n<\/div><\/figure>\n\n\n\n

              You may wonder \"What makes this NFT worth half a billion dollars?<\/a>\" and the truth is, not much actually. <\/p>\n\n\n\n

              Using Rarity<\/a> ranks its Rarity Score at a mere 136.49<\/a>, compared to Punk #7804 which actually sold for $7.57M and has a rarity score of 2329.18<\/a>.<\/p>\n\n\n\n

              Due to the fact this punk lacks desirable features from a collectors perspective, it quickly attracted attention to how it could sell for this sum of money. <\/p>\n\n\n\n

              A look at the Ethereum Blockchain Ledger shows that it was nothing more than smart, smart contract trickery.<\/p>\n\n\n\n

              \nhttps:\/\/twitter.com\/nanexcool\/status\/1453874296812670976\n<\/div><\/figure>\n\n\n\n

              Why Would You Buy Your Own NFT?<\/h2>\n\n\n\n

              The purchase was made using a flash loan contract, essentially this is a loan that is repaid immediately. <\/p>\n\n\n\n

              The owner of this Punk bought his own Cryptopunk and instantly paid back his loan, using smart arbitrage he bought millions of eyes onto his NFT for only $800 in Ethereum Gas Fees.<\/p>\n\n\n\n

              Is this purely genius marketing to a not so spectacular Cryptopunk?<\/p>\n","post_title":"What's Behind The $530M CryptoPunk #9998","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptopunk-9998","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:56","post_modified_gmt":"2022-03-14 10:05:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1529","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

              1 … 3 4 5

              Most Read

              Subscribe To Our Newsletter

              By subscribing, you agree with our privacy and terms.

              Follow The Distributed

              Twitter Instagram Youtube LinkedIn Facebook RSS
              ADVERTISEMENT
              \n

              Although the airdrop is no longer a thing, it was a hugely successful marketing tool in gaining further donations. <\/p>\n\n\n\n

              The announcement saw thousands of microdonations<\/a> flood the ETH wallet<\/a> of Ukraine in an attempt to receive the rewards promised by the airdrop.<\/p>\n\n\n\n

              \"Total
              Source: Dune Analytics<\/figcaption><\/figure>\n\n\n\n

              Will the Ukraine NFT follow through, unlike the airdrop?<\/p>\n","post_title":"Ukraine Crypto Airdrop Is Cancelled, NFTs Take Their Place","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ukraine-crypto-airdrop-is-cancelled-nfts-take-their-place","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/ukraines-airdrop-promoting-a-surge-in-microdonations\/\nhttps:\/\/www.thedistributed.co\/ukraine-government-confirms-airdrop-for-crypto-donors\/","post_modified":"2022-03-04 20:59:35","post_modified_gmt":"2022-03-04 09:59:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3766","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3646,"post_author":"1","post_date":"2022-02-28 19:09:26","post_date_gmt":"2022-02-28 08:09:26","post_content":"\n

              South Korean Ministry of Science and ICT are in \"fully-fledged support\" for the creation of an Extended Virtual World <\/em>ecosystem.<\/p>\n\n\n\n

              The ministry's official statement <\/a>pledged to donate over $223B Korean Won (US$186.7M) in an attempt to complete 4 main objectives.<\/p>\n\n\n\n

              1. Build A Platform<\/li>
              2. Fostering Professionals<\/li>
              3. Fostering Specialised Companies<\/li>
              4. Creating A Reliable Extended Virtual World Enviroment<\/li><\/ol>\n\n\n\n

                With the completion of these objectives, the ministry will attempt to use its \"Metaverse\" to create a decentralized creator economy. With plans to expand the virtual growth of cities, education, and media.<\/p>\n\n\n\n

                Above all, the ministry expects its metaverse to have a global influence. The metaverse will provide seamless access to South Korean companies over time. <\/p>\n\n\n\n

                Together with financial and technological support to companies leading the expanded virtual world industry, South Korea aims to provide a lot of corporate support for developers.<\/p>\n\n\n\n

                Meanwhile, a broad government council is in the works to tackle issues in the virtual space. Issues such as personal information and intellectual property protection, and supervision of illegal acts.\u00a0<\/p>\n\n\n\n

                \"We will spare no effort to support domestic companies, young developers, and creators so that they can find new growth opportunities in the infinite digital economy territory created by the expanded virtual world and open up a healthy expanded virtual world.<\/strong>\u201d<\/p>Park Yun-gyu, Head of Information and Communication Policy, Ministry of Science and ICT<\/strong><\/cite><\/blockquote>\n","post_title":"South Korean Government To Invest $187M Into The Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-government-to-invest-187m-into-the-metaverse","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:46","post_modified_gmt":"2023-04-11 02:53:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3646","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3564,"post_author":"1","post_date":"2022-02-23 19:11:54","post_date_gmt":"2022-02-23 08:11:54","post_content":"\n

                A vending machine in New York has launched and it sells nothing?<\/p>\n\n\n\n

                NFT Platform, Neon<\/a>, has launched the first NFT vending machine in the world in New York City's Financial District.<\/p>\n\n\n\n

                The machine accepts both debit and credit cards, before dispensing a box with a QR code inside. This QR code is technically your NFT, all you have to do is scan it through Neon's App. Once scanned the NFT will show up in your digital wallet, although the wallet is not required to purchase.<\/p>\n\n\n\n

                \"\"
                Credit: Neon<\/figcaption><\/figure>\n\n\n\n

                Why A Vending Machine?<\/h2>\n\n\n\n

                In order to make NFTs more accessible to the public Neon\u2019s machine doesn\u2019t require any cryptocurrency. This allows for the public to buy an NFT without having to sign up prior to doing so. <\/p>\n\n\n\n

                Purchasing an NFT can be a daunting task to those not familiar with Web 3 and Blockchain. Neon hopes to \"bring digital art and collecting to the largest possible audience\". An NFT vending machine is surely one way to attract a lot of attention.<\/p>\n\n\n\n

                Jordan Birnholtz, CMO and co-founder of Neon states that \u201cwhile only 2% of Americans have digital wallets, 80% have a credit card or debit card,\u201d adding that \u201cNeon started with fiat because our mission is unique, to bring digital art and collecting to the largest possible audience,\u201d<\/p>\n","post_title":"World's First NFT Vending Machine Launched In NYC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"worlds-first-nft-vending-machine-launched-in-nyc","to_ping":"","pinged":"","post_modified":"2022-02-23 19:11:57","post_modified_gmt":"2022-02-23 08:11:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3564","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3413,"post_author":"1","post_date":"2022-02-08 21:35:14","post_date_gmt":"2022-02-08 10:35:14","post_content":"\n

                The Recording Industry Association of America (RIAA) calls for an end to \"bogus\" NFT site HitPiece<\/a>'s infringement of artists' rights. The cease and desist was forwarded<\/a> to the attorneys of HitPiece on February 4th, 2022.<\/p>\n\n\n\n

                The RIAA insists HitPiece stop infringing on the intellectual rights of the musicians for selling NFTs of their music without the consent of the original artists. This is nothing new, HitPiece has been criticized in the past by both artists and fans for the same reason. After an apology<\/a> from the company on February 2nd, this wasn't enough.<\/p>\n\n\n\n

                The line was crossed and the FIAA decided to step in to take legal action and show that there is no playing around in this industry.<\/p>\n\n\n\n

                \u201cHitPiece appears to be little more than a scam operation designed to trade on fans\u2019 love of music and desire to connect more closely with artists, using buzzwords and jargon to gloss over their complete failure to obtain necessary rights. Fans were led to believe they were purchasing an NFT genuinely associated with an artist and their work when that was not at all the case. While the operators appear to have taken the main HitPiece site offline for now, this move was necessary to ensure a fair accounting for the harm HitPiece and its operators have already done and to ensure that this site or copycats don\u2019t simply resume their scams under another name.\u201d<\/strong><\/em><\/p>Ken Doroshow, RIAA Chief Legal Officer<\/cite><\/blockquote>\n","post_title":"NFT Platform HitPiece Receives Cease And Desist Letter From Recording Industry Association","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nft-platform-hitpiece-receives-cease-and-desist-letter-from-recording-industry-association","to_ping":"","pinged":"","post_modified":"2023-04-11 12:55:43","post_modified_gmt":"2023-04-11 02:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3413","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3398,"post_author":"1","post_date":"2022-02-06 23:17:56","post_date_gmt":"2022-02-06 12:17:56","post_content":"\n

                A home in Gulfport, Florida will be auctioned off as an NFT. Real Estate Technology company, Propy<\/a>, will be minting the property through a digital auction<\/a>. The NFT will hold the rights to the house, in a digital form, while also serving as the LLC. This will protect the rights and ownership of the property. <\/p>\n\n\n\n

                This will be the second property to be sold as an NFT by Propy, following the sale<\/a> of TechCrunch founder, Micheal Arrington's, Kyiv Apartment for 36 ETH.<\/p>\n\n\n\n

                Why Sell A Property As An NFT?<\/h2>\n\n\n\n

                The current owner of the property, Leslie Alessandra, stated she chose to list the home as an NFT to demonstrate the use of evolving technology. <\/p>\n\n\n\n

                \u201cIs this just hype or is there a real world application? (The auction) is really to stimulate conversation,\u201d<\/em><\/strong><\/p>Leslie Alessandra on Tampa Bay Times<\/a><\/cite><\/blockquote>\n\n\n\n

                Whats The Paperwork Like?<\/h2>\n\n\n\n

                The legal landscape of asset ownership has had to evolve quickly in the past few years to accommodate the adoption of digital assets, and this is no exception. <\/p>\n\n\n\n

                Any purchase of a property must be recorded in the county's recorders office, this is to facilitate the transfer of ownership rights. A legal entity must exist to transfer the property to, which is where NFTs are used in more public scenes, representing an LLC.<\/p>\n\n\n\n

                <\/div>\n\n\n\n

                --> The sale takes place on the 8th Of February, with over 2000 people signed up to witness the first sale of a house as an NFT in the U.S.<\/p>\n","post_title":"Florida Home Listed For Sale, As An NFT","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"florida-home-listed-for-sale-as-an-nft","to_ping":"","pinged":"","post_modified":"2022-02-16 21:44:00","post_modified_gmt":"2022-02-16 10:44:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3398","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":1529,"post_author":"1","post_date":"2021-10-29 17:25:31","post_date_gmt":"2021-10-29 06:25:31","post_content":"\n

                One of the largest art sales in history may have just taken place, CryptoPunk #9888 sold for $530 Million.<\/p>\n\n\n\n

                Although, this is no more than just an elaborate hoax. See it is hard to trick people when you buy your own artwork, especially on a public blockchain.<\/p>\n\n\n\n

                A Twitter bot tracking the sales of every CryptoPunk tweeted this on Thursday night shortly after 8 pm. <\/p>\n\n\n\n

                \nhttps:\/\/twitter.com\/cryptopunksbot\/status\/1453872415591829504\n<\/div><\/figure>\n\n\n\n

                You may wonder \"What makes this NFT worth half a billion dollars?<\/a>\" and the truth is, not much actually. <\/p>\n\n\n\n

                Using Rarity<\/a> ranks its Rarity Score at a mere 136.49<\/a>, compared to Punk #7804 which actually sold for $7.57M and has a rarity score of 2329.18<\/a>.<\/p>\n\n\n\n

                Due to the fact this punk lacks desirable features from a collectors perspective, it quickly attracted attention to how it could sell for this sum of money. <\/p>\n\n\n\n

                A look at the Ethereum Blockchain Ledger shows that it was nothing more than smart, smart contract trickery.<\/p>\n\n\n\n

                \nhttps:\/\/twitter.com\/nanexcool\/status\/1453874296812670976\n<\/div><\/figure>\n\n\n\n

                Why Would You Buy Your Own NFT?<\/h2>\n\n\n\n

                The purchase was made using a flash loan contract, essentially this is a loan that is repaid immediately. <\/p>\n\n\n\n

                The owner of this Punk bought his own Cryptopunk and instantly paid back his loan, using smart arbitrage he bought millions of eyes onto his NFT for only $800 in Ethereum Gas Fees.<\/p>\n\n\n\n

                Is this purely genius marketing to a not so spectacular Cryptopunk?<\/p>\n","post_title":"What's Behind The $530M CryptoPunk #9998","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptopunk-9998","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:56","post_modified_gmt":"2022-03-14 10:05:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1529","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

                1 … 3 4 5

                Most Read

                Subscribe To Our Newsletter

                By subscribing, you agree with our privacy and terms.

                Follow The Distributed

                Twitter Instagram Youtube LinkedIn Facebook RSS
                ADVERTISEMENT
                \n
                \nhttps:\/\/twitter.com\/FedorovMykhailo\/status\/1499348177002151937?s=20&t=YeEO_SBQozgfeLDOf7UyYA\n<\/div><\/figure>\n\n\n\n

                Although the airdrop is no longer a thing, it was a hugely successful marketing tool in gaining further donations. <\/p>\n\n\n\n

                The announcement saw thousands of microdonations<\/a> flood the ETH wallet<\/a> of Ukraine in an attempt to receive the rewards promised by the airdrop.<\/p>\n\n\n\n

                \"Total
                Source: Dune Analytics<\/figcaption><\/figure>\n\n\n\n

                Will the Ukraine NFT follow through, unlike the airdrop?<\/p>\n","post_title":"Ukraine Crypto Airdrop Is Cancelled, NFTs Take Their Place","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ukraine-crypto-airdrop-is-cancelled-nfts-take-their-place","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/ukraines-airdrop-promoting-a-surge-in-microdonations\/\nhttps:\/\/www.thedistributed.co\/ukraine-government-confirms-airdrop-for-crypto-donors\/","post_modified":"2022-03-04 20:59:35","post_modified_gmt":"2022-03-04 09:59:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3766","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3646,"post_author":"1","post_date":"2022-02-28 19:09:26","post_date_gmt":"2022-02-28 08:09:26","post_content":"\n

                South Korean Ministry of Science and ICT are in \"fully-fledged support\" for the creation of an Extended Virtual World <\/em>ecosystem.<\/p>\n\n\n\n

                The ministry's official statement <\/a>pledged to donate over $223B Korean Won (US$186.7M) in an attempt to complete 4 main objectives.<\/p>\n\n\n\n

                1. Build A Platform<\/li>
                2. Fostering Professionals<\/li>
                3. Fostering Specialised Companies<\/li>
                4. Creating A Reliable Extended Virtual World Enviroment<\/li><\/ol>\n\n\n\n

                  With the completion of these objectives, the ministry will attempt to use its \"Metaverse\" to create a decentralized creator economy. With plans to expand the virtual growth of cities, education, and media.<\/p>\n\n\n\n

                  Above all, the ministry expects its metaverse to have a global influence. The metaverse will provide seamless access to South Korean companies over time. <\/p>\n\n\n\n

                  Together with financial and technological support to companies leading the expanded virtual world industry, South Korea aims to provide a lot of corporate support for developers.<\/p>\n\n\n\n

                  Meanwhile, a broad government council is in the works to tackle issues in the virtual space. Issues such as personal information and intellectual property protection, and supervision of illegal acts.\u00a0<\/p>\n\n\n\n

                  \"We will spare no effort to support domestic companies, young developers, and creators so that they can find new growth opportunities in the infinite digital economy territory created by the expanded virtual world and open up a healthy expanded virtual world.<\/strong>\u201d<\/p>Park Yun-gyu, Head of Information and Communication Policy, Ministry of Science and ICT<\/strong><\/cite><\/blockquote>\n","post_title":"South Korean Government To Invest $187M Into The Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-government-to-invest-187m-into-the-metaverse","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:46","post_modified_gmt":"2023-04-11 02:53:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3646","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3564,"post_author":"1","post_date":"2022-02-23 19:11:54","post_date_gmt":"2022-02-23 08:11:54","post_content":"\n

                  A vending machine in New York has launched and it sells nothing?<\/p>\n\n\n\n

                  NFT Platform, Neon<\/a>, has launched the first NFT vending machine in the world in New York City's Financial District.<\/p>\n\n\n\n

                  The machine accepts both debit and credit cards, before dispensing a box with a QR code inside. This QR code is technically your NFT, all you have to do is scan it through Neon's App. Once scanned the NFT will show up in your digital wallet, although the wallet is not required to purchase.<\/p>\n\n\n\n

                  \"\"
                  Credit: Neon<\/figcaption><\/figure>\n\n\n\n

                  Why A Vending Machine?<\/h2>\n\n\n\n

                  In order to make NFTs more accessible to the public Neon\u2019s machine doesn\u2019t require any cryptocurrency. This allows for the public to buy an NFT without having to sign up prior to doing so. <\/p>\n\n\n\n

                  Purchasing an NFT can be a daunting task to those not familiar with Web 3 and Blockchain. Neon hopes to \"bring digital art and collecting to the largest possible audience\". An NFT vending machine is surely one way to attract a lot of attention.<\/p>\n\n\n\n

                  Jordan Birnholtz, CMO and co-founder of Neon states that \u201cwhile only 2% of Americans have digital wallets, 80% have a credit card or debit card,\u201d adding that \u201cNeon started with fiat because our mission is unique, to bring digital art and collecting to the largest possible audience,\u201d<\/p>\n","post_title":"World's First NFT Vending Machine Launched In NYC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"worlds-first-nft-vending-machine-launched-in-nyc","to_ping":"","pinged":"","post_modified":"2022-02-23 19:11:57","post_modified_gmt":"2022-02-23 08:11:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3564","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3413,"post_author":"1","post_date":"2022-02-08 21:35:14","post_date_gmt":"2022-02-08 10:35:14","post_content":"\n

                  The Recording Industry Association of America (RIAA) calls for an end to \"bogus\" NFT site HitPiece<\/a>'s infringement of artists' rights. The cease and desist was forwarded<\/a> to the attorneys of HitPiece on February 4th, 2022.<\/p>\n\n\n\n

                  The RIAA insists HitPiece stop infringing on the intellectual rights of the musicians for selling NFTs of their music without the consent of the original artists. This is nothing new, HitPiece has been criticized in the past by both artists and fans for the same reason. After an apology<\/a> from the company on February 2nd, this wasn't enough.<\/p>\n\n\n\n

                  The line was crossed and the FIAA decided to step in to take legal action and show that there is no playing around in this industry.<\/p>\n\n\n\n

                  \u201cHitPiece appears to be little more than a scam operation designed to trade on fans\u2019 love of music and desire to connect more closely with artists, using buzzwords and jargon to gloss over their complete failure to obtain necessary rights. Fans were led to believe they were purchasing an NFT genuinely associated with an artist and their work when that was not at all the case. While the operators appear to have taken the main HitPiece site offline for now, this move was necessary to ensure a fair accounting for the harm HitPiece and its operators have already done and to ensure that this site or copycats don\u2019t simply resume their scams under another name.\u201d<\/strong><\/em><\/p>Ken Doroshow, RIAA Chief Legal Officer<\/cite><\/blockquote>\n","post_title":"NFT Platform HitPiece Receives Cease And Desist Letter From Recording Industry Association","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nft-platform-hitpiece-receives-cease-and-desist-letter-from-recording-industry-association","to_ping":"","pinged":"","post_modified":"2023-04-11 12:55:43","post_modified_gmt":"2023-04-11 02:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3413","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3398,"post_author":"1","post_date":"2022-02-06 23:17:56","post_date_gmt":"2022-02-06 12:17:56","post_content":"\n

                  A home in Gulfport, Florida will be auctioned off as an NFT. Real Estate Technology company, Propy<\/a>, will be minting the property through a digital auction<\/a>. The NFT will hold the rights to the house, in a digital form, while also serving as the LLC. This will protect the rights and ownership of the property. <\/p>\n\n\n\n

                  This will be the second property to be sold as an NFT by Propy, following the sale<\/a> of TechCrunch founder, Micheal Arrington's, Kyiv Apartment for 36 ETH.<\/p>\n\n\n\n

                  Why Sell A Property As An NFT?<\/h2>\n\n\n\n

                  The current owner of the property, Leslie Alessandra, stated she chose to list the home as an NFT to demonstrate the use of evolving technology. <\/p>\n\n\n\n

                  \u201cIs this just hype or is there a real world application? (The auction) is really to stimulate conversation,\u201d<\/em><\/strong><\/p>Leslie Alessandra on Tampa Bay Times<\/a><\/cite><\/blockquote>\n\n\n\n

                  Whats The Paperwork Like?<\/h2>\n\n\n\n

                  The legal landscape of asset ownership has had to evolve quickly in the past few years to accommodate the adoption of digital assets, and this is no exception. <\/p>\n\n\n\n

                  Any purchase of a property must be recorded in the county's recorders office, this is to facilitate the transfer of ownership rights. A legal entity must exist to transfer the property to, which is where NFTs are used in more public scenes, representing an LLC.<\/p>\n\n\n\n

                  <\/div>\n\n\n\n

                  --> The sale takes place on the 8th Of February, with over 2000 people signed up to witness the first sale of a house as an NFT in the U.S.<\/p>\n","post_title":"Florida Home Listed For Sale, As An NFT","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"florida-home-listed-for-sale-as-an-nft","to_ping":"","pinged":"","post_modified":"2022-02-16 21:44:00","post_modified_gmt":"2022-02-16 10:44:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3398","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":1529,"post_author":"1","post_date":"2021-10-29 17:25:31","post_date_gmt":"2021-10-29 06:25:31","post_content":"\n

                  One of the largest art sales in history may have just taken place, CryptoPunk #9888 sold for $530 Million.<\/p>\n\n\n\n

                  Although, this is no more than just an elaborate hoax. See it is hard to trick people when you buy your own artwork, especially on a public blockchain.<\/p>\n\n\n\n

                  A Twitter bot tracking the sales of every CryptoPunk tweeted this on Thursday night shortly after 8 pm. <\/p>\n\n\n\n

                  \nhttps:\/\/twitter.com\/cryptopunksbot\/status\/1453872415591829504\n<\/div><\/figure>\n\n\n\n

                  You may wonder \"What makes this NFT worth half a billion dollars?<\/a>\" and the truth is, not much actually. <\/p>\n\n\n\n

                  Using Rarity<\/a> ranks its Rarity Score at a mere 136.49<\/a>, compared to Punk #7804 which actually sold for $7.57M and has a rarity score of 2329.18<\/a>.<\/p>\n\n\n\n

                  Due to the fact this punk lacks desirable features from a collectors perspective, it quickly attracted attention to how it could sell for this sum of money. <\/p>\n\n\n\n

                  A look at the Ethereum Blockchain Ledger shows that it was nothing more than smart, smart contract trickery.<\/p>\n\n\n\n

                  \nhttps:\/\/twitter.com\/nanexcool\/status\/1453874296812670976\n<\/div><\/figure>\n\n\n\n

                  Why Would You Buy Your Own NFT?<\/h2>\n\n\n\n

                  The purchase was made using a flash loan contract, essentially this is a loan that is repaid immediately. <\/p>\n\n\n\n

                  The owner of this Punk bought his own Cryptopunk and instantly paid back his loan, using smart arbitrage he bought millions of eyes onto his NFT for only $800 in Ethereum Gas Fees.<\/p>\n\n\n\n

                  Is this purely genius marketing to a not so spectacular Cryptopunk?<\/p>\n","post_title":"What's Behind The $530M CryptoPunk #9998","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptopunk-9998","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:56","post_modified_gmt":"2022-03-14 10:05:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1529","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

                  1 … 3 4 5

                Most Read

                Subscribe To Our Newsletter

                By subscribing, you agree with our privacy and terms.

                Follow The Distributed

                Twitter Instagram Youtube LinkedIn Facebook RSS
                ADVERTISEMENT
                \n

                So far there is no further information on the Ukraine NFT.<\/p>\n\n\n\n

                \nhttps:\/\/twitter.com\/FedorovMykhailo\/status\/1499348177002151937?s=20&t=YeEO_SBQozgfeLDOf7UyYA\n<\/div><\/figure>\n\n\n\n

                Although the airdrop is no longer a thing, it was a hugely successful marketing tool in gaining further donations. <\/p>\n\n\n\n

                The announcement saw thousands of microdonations<\/a> flood the ETH wallet<\/a> of Ukraine in an attempt to receive the rewards promised by the airdrop.<\/p>\n\n\n\n

                \"Total
                Source: Dune Analytics<\/figcaption><\/figure>\n\n\n\n

                Will the Ukraine NFT follow through, unlike the airdrop?<\/p>\n","post_title":"Ukraine Crypto Airdrop Is Cancelled, NFTs Take Their Place","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ukraine-crypto-airdrop-is-cancelled-nfts-take-their-place","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/ukraines-airdrop-promoting-a-surge-in-microdonations\/\nhttps:\/\/www.thedistributed.co\/ukraine-government-confirms-airdrop-for-crypto-donors\/","post_modified":"2022-03-04 20:59:35","post_modified_gmt":"2022-03-04 09:59:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3766","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3646,"post_author":"1","post_date":"2022-02-28 19:09:26","post_date_gmt":"2022-02-28 08:09:26","post_content":"\n

                South Korean Ministry of Science and ICT are in \"fully-fledged support\" for the creation of an Extended Virtual World <\/em>ecosystem.<\/p>\n\n\n\n

                The ministry's official statement <\/a>pledged to donate over $223B Korean Won (US$186.7M) in an attempt to complete 4 main objectives.<\/p>\n\n\n\n

                1. Build A Platform<\/li>
                2. Fostering Professionals<\/li>
                3. Fostering Specialised Companies<\/li>
                4. Creating A Reliable Extended Virtual World Enviroment<\/li><\/ol>\n\n\n\n

                  With the completion of these objectives, the ministry will attempt to use its \"Metaverse\" to create a decentralized creator economy. With plans to expand the virtual growth of cities, education, and media.<\/p>\n\n\n\n

                  Above all, the ministry expects its metaverse to have a global influence. The metaverse will provide seamless access to South Korean companies over time. <\/p>\n\n\n\n

                  Together with financial and technological support to companies leading the expanded virtual world industry, South Korea aims to provide a lot of corporate support for developers.<\/p>\n\n\n\n

                  Meanwhile, a broad government council is in the works to tackle issues in the virtual space. Issues such as personal information and intellectual property protection, and supervision of illegal acts.\u00a0<\/p>\n\n\n\n

                  \"We will spare no effort to support domestic companies, young developers, and creators so that they can find new growth opportunities in the infinite digital economy territory created by the expanded virtual world and open up a healthy expanded virtual world.<\/strong>\u201d<\/p>Park Yun-gyu, Head of Information and Communication Policy, Ministry of Science and ICT<\/strong><\/cite><\/blockquote>\n","post_title":"South Korean Government To Invest $187M Into The Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-government-to-invest-187m-into-the-metaverse","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:46","post_modified_gmt":"2023-04-11 02:53:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3646","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3564,"post_author":"1","post_date":"2022-02-23 19:11:54","post_date_gmt":"2022-02-23 08:11:54","post_content":"\n

                  A vending machine in New York has launched and it sells nothing?<\/p>\n\n\n\n

                  NFT Platform, Neon<\/a>, has launched the first NFT vending machine in the world in New York City's Financial District.<\/p>\n\n\n\n

                  The machine accepts both debit and credit cards, before dispensing a box with a QR code inside. This QR code is technically your NFT, all you have to do is scan it through Neon's App. Once scanned the NFT will show up in your digital wallet, although the wallet is not required to purchase.<\/p>\n\n\n\n

                  \"\"
                  Credit: Neon<\/figcaption><\/figure>\n\n\n\n

                  Why A Vending Machine?<\/h2>\n\n\n\n

                  In order to make NFTs more accessible to the public Neon\u2019s machine doesn\u2019t require any cryptocurrency. This allows for the public to buy an NFT without having to sign up prior to doing so. <\/p>\n\n\n\n

                  Purchasing an NFT can be a daunting task to those not familiar with Web 3 and Blockchain. Neon hopes to \"bring digital art and collecting to the largest possible audience\". An NFT vending machine is surely one way to attract a lot of attention.<\/p>\n\n\n\n

                  Jordan Birnholtz, CMO and co-founder of Neon states that \u201cwhile only 2% of Americans have digital wallets, 80% have a credit card or debit card,\u201d adding that \u201cNeon started with fiat because our mission is unique, to bring digital art and collecting to the largest possible audience,\u201d<\/p>\n","post_title":"World's First NFT Vending Machine Launched In NYC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"worlds-first-nft-vending-machine-launched-in-nyc","to_ping":"","pinged":"","post_modified":"2022-02-23 19:11:57","post_modified_gmt":"2022-02-23 08:11:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3564","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3413,"post_author":"1","post_date":"2022-02-08 21:35:14","post_date_gmt":"2022-02-08 10:35:14","post_content":"\n

                  The Recording Industry Association of America (RIAA) calls for an end to \"bogus\" NFT site HitPiece<\/a>'s infringement of artists' rights. The cease and desist was forwarded<\/a> to the attorneys of HitPiece on February 4th, 2022.<\/p>\n\n\n\n

                  The RIAA insists HitPiece stop infringing on the intellectual rights of the musicians for selling NFTs of their music without the consent of the original artists. This is nothing new, HitPiece has been criticized in the past by both artists and fans for the same reason. After an apology<\/a> from the company on February 2nd, this wasn't enough.<\/p>\n\n\n\n

                  The line was crossed and the FIAA decided to step in to take legal action and show that there is no playing around in this industry.<\/p>\n\n\n\n

                  \u201cHitPiece appears to be little more than a scam operation designed to trade on fans\u2019 love of music and desire to connect more closely with artists, using buzzwords and jargon to gloss over their complete failure to obtain necessary rights. Fans were led to believe they were purchasing an NFT genuinely associated with an artist and their work when that was not at all the case. While the operators appear to have taken the main HitPiece site offline for now, this move was necessary to ensure a fair accounting for the harm HitPiece and its operators have already done and to ensure that this site or copycats don\u2019t simply resume their scams under another name.\u201d<\/strong><\/em><\/p>Ken Doroshow, RIAA Chief Legal Officer<\/cite><\/blockquote>\n","post_title":"NFT Platform HitPiece Receives Cease And Desist Letter From Recording Industry Association","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nft-platform-hitpiece-receives-cease-and-desist-letter-from-recording-industry-association","to_ping":"","pinged":"","post_modified":"2023-04-11 12:55:43","post_modified_gmt":"2023-04-11 02:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3413","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3398,"post_author":"1","post_date":"2022-02-06 23:17:56","post_date_gmt":"2022-02-06 12:17:56","post_content":"\n

                  A home in Gulfport, Florida will be auctioned off as an NFT. Real Estate Technology company, Propy<\/a>, will be minting the property through a digital auction<\/a>. The NFT will hold the rights to the house, in a digital form, while also serving as the LLC. This will protect the rights and ownership of the property. <\/p>\n\n\n\n

                  This will be the second property to be sold as an NFT by Propy, following the sale<\/a> of TechCrunch founder, Micheal Arrington's, Kyiv Apartment for 36 ETH.<\/p>\n\n\n\n

                  Why Sell A Property As An NFT?<\/h2>\n\n\n\n

                  The current owner of the property, Leslie Alessandra, stated she chose to list the home as an NFT to demonstrate the use of evolving technology. <\/p>\n\n\n\n

                  \u201cIs this just hype or is there a real world application? (The auction) is really to stimulate conversation,\u201d<\/em><\/strong><\/p>Leslie Alessandra on Tampa Bay Times<\/a><\/cite><\/blockquote>\n\n\n\n

                  Whats The Paperwork Like?<\/h2>\n\n\n\n

                  The legal landscape of asset ownership has had to evolve quickly in the past few years to accommodate the adoption of digital assets, and this is no exception. <\/p>\n\n\n\n

                  Any purchase of a property must be recorded in the county's recorders office, this is to facilitate the transfer of ownership rights. A legal entity must exist to transfer the property to, which is where NFTs are used in more public scenes, representing an LLC.<\/p>\n\n\n\n

                  <\/div>\n\n\n\n

                  --> The sale takes place on the 8th Of February, with over 2000 people signed up to witness the first sale of a house as an NFT in the U.S.<\/p>\n","post_title":"Florida Home Listed For Sale, As An NFT","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"florida-home-listed-for-sale-as-an-nft","to_ping":"","pinged":"","post_modified":"2022-02-16 21:44:00","post_modified_gmt":"2022-02-16 10:44:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3398","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":1529,"post_author":"1","post_date":"2021-10-29 17:25:31","post_date_gmt":"2021-10-29 06:25:31","post_content":"\n

                  One of the largest art sales in history may have just taken place, CryptoPunk #9888 sold for $530 Million.<\/p>\n\n\n\n

                  Although, this is no more than just an elaborate hoax. See it is hard to trick people when you buy your own artwork, especially on a public blockchain.<\/p>\n\n\n\n

                  A Twitter bot tracking the sales of every CryptoPunk tweeted this on Thursday night shortly after 8 pm. <\/p>\n\n\n\n

                  \nhttps:\/\/twitter.com\/cryptopunksbot\/status\/1453872415591829504\n<\/div><\/figure>\n\n\n\n

                  You may wonder \"What makes this NFT worth half a billion dollars?<\/a>\" and the truth is, not much actually. <\/p>\n\n\n\n

                  Using Rarity<\/a> ranks its Rarity Score at a mere 136.49<\/a>, compared to Punk #7804 which actually sold for $7.57M and has a rarity score of 2329.18<\/a>.<\/p>\n\n\n\n

                  Due to the fact this punk lacks desirable features from a collectors perspective, it quickly attracted attention to how it could sell for this sum of money. <\/p>\n\n\n\n

                  A look at the Ethereum Blockchain Ledger shows that it was nothing more than smart, smart contract trickery.<\/p>\n\n\n\n

                  \nhttps:\/\/twitter.com\/nanexcool\/status\/1453874296812670976\n<\/div><\/figure>\n\n\n\n

                  Why Would You Buy Your Own NFT?<\/h2>\n\n\n\n

                  The purchase was made using a flash loan contract, essentially this is a loan that is repaid immediately. <\/p>\n\n\n\n

                  The owner of this Punk bought his own Cryptopunk and instantly paid back his loan, using smart arbitrage he bought millions of eyes onto his NFT for only $800 in Ethereum Gas Fees.<\/p>\n\n\n\n

                  Is this purely genius marketing to a not so spectacular Cryptopunk?<\/p>\n","post_title":"What's Behind The $530M CryptoPunk #9998","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptopunk-9998","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:56","post_modified_gmt":"2022-03-14 10:05:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1529","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

                  1 … 3 4 5

                Most Read

                Subscribe To Our Newsletter

                By subscribing, you agree with our privacy and terms.

                Follow The Distributed

                Twitter Instagram Youtube LinkedIn Facebook RSS
                ADVERTISEMENT
                \n

                Despite this fact, Mykhailo Fedorov the Ukrainian Vice Prime Minister stated in a tweet that; \"Instead, we will announce NFTs to support Ukrainian Armed Forces soon.\" <\/p>\n\n\n\n

                So far there is no further information on the Ukraine NFT.<\/p>\n\n\n\n

                \nhttps:\/\/twitter.com\/FedorovMykhailo\/status\/1499348177002151937?s=20&t=YeEO_SBQozgfeLDOf7UyYA\n<\/div><\/figure>\n\n\n\n

                Although the airdrop is no longer a thing, it was a hugely successful marketing tool in gaining further donations. <\/p>\n\n\n\n

                The announcement saw thousands of microdonations<\/a> flood the ETH wallet<\/a> of Ukraine in an attempt to receive the rewards promised by the airdrop.<\/p>\n\n\n\n

                \"Total
                Source: Dune Analytics<\/figcaption><\/figure>\n\n\n\n

                Will the Ukraine NFT follow through, unlike the airdrop?<\/p>\n","post_title":"Ukraine Crypto Airdrop Is Cancelled, NFTs Take Their Place","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ukraine-crypto-airdrop-is-cancelled-nfts-take-their-place","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/ukraines-airdrop-promoting-a-surge-in-microdonations\/\nhttps:\/\/www.thedistributed.co\/ukraine-government-confirms-airdrop-for-crypto-donors\/","post_modified":"2022-03-04 20:59:35","post_modified_gmt":"2022-03-04 09:59:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3766","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3646,"post_author":"1","post_date":"2022-02-28 19:09:26","post_date_gmt":"2022-02-28 08:09:26","post_content":"\n

                South Korean Ministry of Science and ICT are in \"fully-fledged support\" for the creation of an Extended Virtual World <\/em>ecosystem.<\/p>\n\n\n\n

                The ministry's official statement <\/a>pledged to donate over $223B Korean Won (US$186.7M) in an attempt to complete 4 main objectives.<\/p>\n\n\n\n

                1. Build A Platform<\/li>
                2. Fostering Professionals<\/li>
                3. Fostering Specialised Companies<\/li>
                4. Creating A Reliable Extended Virtual World Enviroment<\/li><\/ol>\n\n\n\n

                  With the completion of these objectives, the ministry will attempt to use its \"Metaverse\" to create a decentralized creator economy. With plans to expand the virtual growth of cities, education, and media.<\/p>\n\n\n\n

                  Above all, the ministry expects its metaverse to have a global influence. The metaverse will provide seamless access to South Korean companies over time. <\/p>\n\n\n\n

                  Together with financial and technological support to companies leading the expanded virtual world industry, South Korea aims to provide a lot of corporate support for developers.<\/p>\n\n\n\n

                  Meanwhile, a broad government council is in the works to tackle issues in the virtual space. Issues such as personal information and intellectual property protection, and supervision of illegal acts.\u00a0<\/p>\n\n\n\n

                  \"We will spare no effort to support domestic companies, young developers, and creators so that they can find new growth opportunities in the infinite digital economy territory created by the expanded virtual world and open up a healthy expanded virtual world.<\/strong>\u201d<\/p>Park Yun-gyu, Head of Information and Communication Policy, Ministry of Science and ICT<\/strong><\/cite><\/blockquote>\n","post_title":"South Korean Government To Invest $187M Into The Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-government-to-invest-187m-into-the-metaverse","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:46","post_modified_gmt":"2023-04-11 02:53:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3646","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3564,"post_author":"1","post_date":"2022-02-23 19:11:54","post_date_gmt":"2022-02-23 08:11:54","post_content":"\n

                  A vending machine in New York has launched and it sells nothing?<\/p>\n\n\n\n

                  NFT Platform, Neon<\/a>, has launched the first NFT vending machine in the world in New York City's Financial District.<\/p>\n\n\n\n

                  The machine accepts both debit and credit cards, before dispensing a box with a QR code inside. This QR code is technically your NFT, all you have to do is scan it through Neon's App. Once scanned the NFT will show up in your digital wallet, although the wallet is not required to purchase.<\/p>\n\n\n\n

                  \"\"
                  Credit: Neon<\/figcaption><\/figure>\n\n\n\n

                  Why A Vending Machine?<\/h2>\n\n\n\n

                  In order to make NFTs more accessible to the public Neon\u2019s machine doesn\u2019t require any cryptocurrency. This allows for the public to buy an NFT without having to sign up prior to doing so. <\/p>\n\n\n\n

                  Purchasing an NFT can be a daunting task to those not familiar with Web 3 and Blockchain. Neon hopes to \"bring digital art and collecting to the largest possible audience\". An NFT vending machine is surely one way to attract a lot of attention.<\/p>\n\n\n\n

                  Jordan Birnholtz, CMO and co-founder of Neon states that \u201cwhile only 2% of Americans have digital wallets, 80% have a credit card or debit card,\u201d adding that \u201cNeon started with fiat because our mission is unique, to bring digital art and collecting to the largest possible audience,\u201d<\/p>\n","post_title":"World's First NFT Vending Machine Launched In NYC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"worlds-first-nft-vending-machine-launched-in-nyc","to_ping":"","pinged":"","post_modified":"2022-02-23 19:11:57","post_modified_gmt":"2022-02-23 08:11:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3564","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3413,"post_author":"1","post_date":"2022-02-08 21:35:14","post_date_gmt":"2022-02-08 10:35:14","post_content":"\n

                  The Recording Industry Association of America (RIAA) calls for an end to \"bogus\" NFT site HitPiece<\/a>'s infringement of artists' rights. The cease and desist was forwarded<\/a> to the attorneys of HitPiece on February 4th, 2022.<\/p>\n\n\n\n

                  The RIAA insists HitPiece stop infringing on the intellectual rights of the musicians for selling NFTs of their music without the consent of the original artists. This is nothing new, HitPiece has been criticized in the past by both artists and fans for the same reason. After an apology<\/a> from the company on February 2nd, this wasn't enough.<\/p>\n\n\n\n

                  The line was crossed and the FIAA decided to step in to take legal action and show that there is no playing around in this industry.<\/p>\n\n\n\n

                  \u201cHitPiece appears to be little more than a scam operation designed to trade on fans\u2019 love of music and desire to connect more closely with artists, using buzzwords and jargon to gloss over their complete failure to obtain necessary rights. Fans were led to believe they were purchasing an NFT genuinely associated with an artist and their work when that was not at all the case. While the operators appear to have taken the main HitPiece site offline for now, this move was necessary to ensure a fair accounting for the harm HitPiece and its operators have already done and to ensure that this site or copycats don\u2019t simply resume their scams under another name.\u201d<\/strong><\/em><\/p>Ken Doroshow, RIAA Chief Legal Officer<\/cite><\/blockquote>\n","post_title":"NFT Platform HitPiece Receives Cease And Desist Letter From Recording Industry Association","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nft-platform-hitpiece-receives-cease-and-desist-letter-from-recording-industry-association","to_ping":"","pinged":"","post_modified":"2023-04-11 12:55:43","post_modified_gmt":"2023-04-11 02:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3413","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3398,"post_author":"1","post_date":"2022-02-06 23:17:56","post_date_gmt":"2022-02-06 12:17:56","post_content":"\n

                  A home in Gulfport, Florida will be auctioned off as an NFT. Real Estate Technology company, Propy<\/a>, will be minting the property through a digital auction<\/a>. The NFT will hold the rights to the house, in a digital form, while also serving as the LLC. This will protect the rights and ownership of the property. <\/p>\n\n\n\n

                  This will be the second property to be sold as an NFT by Propy, following the sale<\/a> of TechCrunch founder, Micheal Arrington's, Kyiv Apartment for 36 ETH.<\/p>\n\n\n\n

                  Why Sell A Property As An NFT?<\/h2>\n\n\n\n

                  The current owner of the property, Leslie Alessandra, stated she chose to list the home as an NFT to demonstrate the use of evolving technology. <\/p>\n\n\n\n

                  \u201cIs this just hype or is there a real world application? (The auction) is really to stimulate conversation,\u201d<\/em><\/strong><\/p>Leslie Alessandra on Tampa Bay Times<\/a><\/cite><\/blockquote>\n\n\n\n

                  Whats The Paperwork Like?<\/h2>\n\n\n\n

                  The legal landscape of asset ownership has had to evolve quickly in the past few years to accommodate the adoption of digital assets, and this is no exception. <\/p>\n\n\n\n

                  Any purchase of a property must be recorded in the county's recorders office, this is to facilitate the transfer of ownership rights. A legal entity must exist to transfer the property to, which is where NFTs are used in more public scenes, representing an LLC.<\/p>\n\n\n\n

                  <\/div>\n\n\n\n

                  --> The sale takes place on the 8th Of February, with over 2000 people signed up to witness the first sale of a house as an NFT in the U.S.<\/p>\n","post_title":"Florida Home Listed For Sale, As An NFT","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"florida-home-listed-for-sale-as-an-nft","to_ping":"","pinged":"","post_modified":"2022-02-16 21:44:00","post_modified_gmt":"2022-02-16 10:44:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3398","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":1529,"post_author":"1","post_date":"2021-10-29 17:25:31","post_date_gmt":"2021-10-29 06:25:31","post_content":"\n

                  One of the largest art sales in history may have just taken place, CryptoPunk #9888 sold for $530 Million.<\/p>\n\n\n\n

                  Although, this is no more than just an elaborate hoax. See it is hard to trick people when you buy your own artwork, especially on a public blockchain.<\/p>\n\n\n\n

                  A Twitter bot tracking the sales of every CryptoPunk tweeted this on Thursday night shortly after 8 pm. <\/p>\n\n\n\n

                  \nhttps:\/\/twitter.com\/cryptopunksbot\/status\/1453872415591829504\n<\/div><\/figure>\n\n\n\n

                  You may wonder \"What makes this NFT worth half a billion dollars?<\/a>\" and the truth is, not much actually. <\/p>\n\n\n\n

                  Using Rarity<\/a> ranks its Rarity Score at a mere 136.49<\/a>, compared to Punk #7804 which actually sold for $7.57M and has a rarity score of 2329.18<\/a>.<\/p>\n\n\n\n

                  Due to the fact this punk lacks desirable features from a collectors perspective, it quickly attracted attention to how it could sell for this sum of money. <\/p>\n\n\n\n

                  A look at the Ethereum Blockchain Ledger shows that it was nothing more than smart, smart contract trickery.<\/p>\n\n\n\n

                  \nhttps:\/\/twitter.com\/nanexcool\/status\/1453874296812670976\n<\/div><\/figure>\n\n\n\n

                  Why Would You Buy Your Own NFT?<\/h2>\n\n\n\n

                  The purchase was made using a flash loan contract, essentially this is a loan that is repaid immediately. <\/p>\n\n\n\n

                  The owner of this Punk bought his own Cryptopunk and instantly paid back his loan, using smart arbitrage he bought millions of eyes onto his NFT for only $800 in Ethereum Gas Fees.<\/p>\n\n\n\n

                  Is this purely genius marketing to a not so spectacular Cryptopunk?<\/p>\n","post_title":"What's Behind The $530M CryptoPunk #9998","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptopunk-9998","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:56","post_modified_gmt":"2022-03-14 10:05:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1529","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

                  1 … 3 4 5

                Most Read

                Subscribe To Our Newsletter

                By subscribing, you agree with our privacy and terms.

                Follow The Distributed

                Twitter Instagram Youtube LinkedIn Facebook RSS
                ADVERTISEMENT
                \n

                The recent announcement of an Airdrop<\/a> by the Ukrainian Government has been canceled, not even a day after it was announced.<\/p>\n\n\n\n

                Despite this fact, Mykhailo Fedorov the Ukrainian Vice Prime Minister stated in a tweet that; \"Instead, we will announce NFTs to support Ukrainian Armed Forces soon.\" <\/p>\n\n\n\n

                So far there is no further information on the Ukraine NFT.<\/p>\n\n\n\n

                \nhttps:\/\/twitter.com\/FedorovMykhailo\/status\/1499348177002151937?s=20&t=YeEO_SBQozgfeLDOf7UyYA\n<\/div><\/figure>\n\n\n\n

                Although the airdrop is no longer a thing, it was a hugely successful marketing tool in gaining further donations. <\/p>\n\n\n\n

                The announcement saw thousands of microdonations<\/a> flood the ETH wallet<\/a> of Ukraine in an attempt to receive the rewards promised by the airdrop.<\/p>\n\n\n\n

                \"Total
                Source: Dune Analytics<\/figcaption><\/figure>\n\n\n\n

                Will the Ukraine NFT follow through, unlike the airdrop?<\/p>\n","post_title":"Ukraine Crypto Airdrop Is Cancelled, NFTs Take Their Place","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ukraine-crypto-airdrop-is-cancelled-nfts-take-their-place","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/ukraines-airdrop-promoting-a-surge-in-microdonations\/\nhttps:\/\/www.thedistributed.co\/ukraine-government-confirms-airdrop-for-crypto-donors\/","post_modified":"2022-03-04 20:59:35","post_modified_gmt":"2022-03-04 09:59:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3766","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3646,"post_author":"1","post_date":"2022-02-28 19:09:26","post_date_gmt":"2022-02-28 08:09:26","post_content":"\n

                South Korean Ministry of Science and ICT are in \"fully-fledged support\" for the creation of an Extended Virtual World <\/em>ecosystem.<\/p>\n\n\n\n

                The ministry's official statement <\/a>pledged to donate over $223B Korean Won (US$186.7M) in an attempt to complete 4 main objectives.<\/p>\n\n\n\n

                1. Build A Platform<\/li>
                2. Fostering Professionals<\/li>
                3. Fostering Specialised Companies<\/li>
                4. Creating A Reliable Extended Virtual World Enviroment<\/li><\/ol>\n\n\n\n

                  With the completion of these objectives, the ministry will attempt to use its \"Metaverse\" to create a decentralized creator economy. With plans to expand the virtual growth of cities, education, and media.<\/p>\n\n\n\n

                  Above all, the ministry expects its metaverse to have a global influence. The metaverse will provide seamless access to South Korean companies over time. <\/p>\n\n\n\n

                  Together with financial and technological support to companies leading the expanded virtual world industry, South Korea aims to provide a lot of corporate support for developers.<\/p>\n\n\n\n

                  Meanwhile, a broad government council is in the works to tackle issues in the virtual space. Issues such as personal information and intellectual property protection, and supervision of illegal acts.\u00a0<\/p>\n\n\n\n

                  \"We will spare no effort to support domestic companies, young developers, and creators so that they can find new growth opportunities in the infinite digital economy territory created by the expanded virtual world and open up a healthy expanded virtual world.<\/strong>\u201d<\/p>Park Yun-gyu, Head of Information and Communication Policy, Ministry of Science and ICT<\/strong><\/cite><\/blockquote>\n","post_title":"South Korean Government To Invest $187M Into The Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-government-to-invest-187m-into-the-metaverse","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:46","post_modified_gmt":"2023-04-11 02:53:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3646","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3564,"post_author":"1","post_date":"2022-02-23 19:11:54","post_date_gmt":"2022-02-23 08:11:54","post_content":"\n

                  A vending machine in New York has launched and it sells nothing?<\/p>\n\n\n\n

                  NFT Platform, Neon<\/a>, has launched the first NFT vending machine in the world in New York City's Financial District.<\/p>\n\n\n\n

                  The machine accepts both debit and credit cards, before dispensing a box with a QR code inside. This QR code is technically your NFT, all you have to do is scan it through Neon's App. Once scanned the NFT will show up in your digital wallet, although the wallet is not required to purchase.<\/p>\n\n\n\n

                  \"\"
                  Credit: Neon<\/figcaption><\/figure>\n\n\n\n

                  Why A Vending Machine?<\/h2>\n\n\n\n

                  In order to make NFTs more accessible to the public Neon\u2019s machine doesn\u2019t require any cryptocurrency. This allows for the public to buy an NFT without having to sign up prior to doing so. <\/p>\n\n\n\n

                  Purchasing an NFT can be a daunting task to those not familiar with Web 3 and Blockchain. Neon hopes to \"bring digital art and collecting to the largest possible audience\". An NFT vending machine is surely one way to attract a lot of attention.<\/p>\n\n\n\n

                  Jordan Birnholtz, CMO and co-founder of Neon states that \u201cwhile only 2% of Americans have digital wallets, 80% have a credit card or debit card,\u201d adding that \u201cNeon started with fiat because our mission is unique, to bring digital art and collecting to the largest possible audience,\u201d<\/p>\n","post_title":"World's First NFT Vending Machine Launched In NYC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"worlds-first-nft-vending-machine-launched-in-nyc","to_ping":"","pinged":"","post_modified":"2022-02-23 19:11:57","post_modified_gmt":"2022-02-23 08:11:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3564","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3413,"post_author":"1","post_date":"2022-02-08 21:35:14","post_date_gmt":"2022-02-08 10:35:14","post_content":"\n

                  The Recording Industry Association of America (RIAA) calls for an end to \"bogus\" NFT site HitPiece<\/a>'s infringement of artists' rights. The cease and desist was forwarded<\/a> to the attorneys of HitPiece on February 4th, 2022.<\/p>\n\n\n\n

                  The RIAA insists HitPiece stop infringing on the intellectual rights of the musicians for selling NFTs of their music without the consent of the original artists. This is nothing new, HitPiece has been criticized in the past by both artists and fans for the same reason. After an apology<\/a> from the company on February 2nd, this wasn't enough.<\/p>\n\n\n\n

                  The line was crossed and the FIAA decided to step in to take legal action and show that there is no playing around in this industry.<\/p>\n\n\n\n

                  \u201cHitPiece appears to be little more than a scam operation designed to trade on fans\u2019 love of music and desire to connect more closely with artists, using buzzwords and jargon to gloss over their complete failure to obtain necessary rights. Fans were led to believe they were purchasing an NFT genuinely associated with an artist and their work when that was not at all the case. While the operators appear to have taken the main HitPiece site offline for now, this move was necessary to ensure a fair accounting for the harm HitPiece and its operators have already done and to ensure that this site or copycats don\u2019t simply resume their scams under another name.\u201d<\/strong><\/em><\/p>Ken Doroshow, RIAA Chief Legal Officer<\/cite><\/blockquote>\n","post_title":"NFT Platform HitPiece Receives Cease And Desist Letter From Recording Industry Association","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nft-platform-hitpiece-receives-cease-and-desist-letter-from-recording-industry-association","to_ping":"","pinged":"","post_modified":"2023-04-11 12:55:43","post_modified_gmt":"2023-04-11 02:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3413","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3398,"post_author":"1","post_date":"2022-02-06 23:17:56","post_date_gmt":"2022-02-06 12:17:56","post_content":"\n

                  A home in Gulfport, Florida will be auctioned off as an NFT. Real Estate Technology company, Propy<\/a>, will be minting the property through a digital auction<\/a>. The NFT will hold the rights to the house, in a digital form, while also serving as the LLC. This will protect the rights and ownership of the property. <\/p>\n\n\n\n

                  This will be the second property to be sold as an NFT by Propy, following the sale<\/a> of TechCrunch founder, Micheal Arrington's, Kyiv Apartment for 36 ETH.<\/p>\n\n\n\n

                  Why Sell A Property As An NFT?<\/h2>\n\n\n\n

                  The current owner of the property, Leslie Alessandra, stated she chose to list the home as an NFT to demonstrate the use of evolving technology. <\/p>\n\n\n\n

                  \u201cIs this just hype or is there a real world application? (The auction) is really to stimulate conversation,\u201d<\/em><\/strong><\/p>Leslie Alessandra on Tampa Bay Times<\/a><\/cite><\/blockquote>\n\n\n\n

                  Whats The Paperwork Like?<\/h2>\n\n\n\n

                  The legal landscape of asset ownership has had to evolve quickly in the past few years to accommodate the adoption of digital assets, and this is no exception. <\/p>\n\n\n\n

                  Any purchase of a property must be recorded in the county's recorders office, this is to facilitate the transfer of ownership rights. A legal entity must exist to transfer the property to, which is where NFTs are used in more public scenes, representing an LLC.<\/p>\n\n\n\n

                  <\/div>\n\n\n\n

                  --> The sale takes place on the 8th Of February, with over 2000 people signed up to witness the first sale of a house as an NFT in the U.S.<\/p>\n","post_title":"Florida Home Listed For Sale, As An NFT","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"florida-home-listed-for-sale-as-an-nft","to_ping":"","pinged":"","post_modified":"2022-02-16 21:44:00","post_modified_gmt":"2022-02-16 10:44:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3398","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":1529,"post_author":"1","post_date":"2021-10-29 17:25:31","post_date_gmt":"2021-10-29 06:25:31","post_content":"\n

                  One of the largest art sales in history may have just taken place, CryptoPunk #9888 sold for $530 Million.<\/p>\n\n\n\n

                  Although, this is no more than just an elaborate hoax. See it is hard to trick people when you buy your own artwork, especially on a public blockchain.<\/p>\n\n\n\n

                  A Twitter bot tracking the sales of every CryptoPunk tweeted this on Thursday night shortly after 8 pm. <\/p>\n\n\n\n

                  \nhttps:\/\/twitter.com\/cryptopunksbot\/status\/1453872415591829504\n<\/div><\/figure>\n\n\n\n

                  You may wonder \"What makes this NFT worth half a billion dollars?<\/a>\" and the truth is, not much actually. <\/p>\n\n\n\n

                  Using Rarity<\/a> ranks its Rarity Score at a mere 136.49<\/a>, compared to Punk #7804 which actually sold for $7.57M and has a rarity score of 2329.18<\/a>.<\/p>\n\n\n\n

                  Due to the fact this punk lacks desirable features from a collectors perspective, it quickly attracted attention to how it could sell for this sum of money. <\/p>\n\n\n\n

                  A look at the Ethereum Blockchain Ledger shows that it was nothing more than smart, smart contract trickery.<\/p>\n\n\n\n

                  \nhttps:\/\/twitter.com\/nanexcool\/status\/1453874296812670976\n<\/div><\/figure>\n\n\n\n

                  Why Would You Buy Your Own NFT?<\/h2>\n\n\n\n

                  The purchase was made using a flash loan contract, essentially this is a loan that is repaid immediately. <\/p>\n\n\n\n

                  The owner of this Punk bought his own Cryptopunk and instantly paid back his loan, using smart arbitrage he bought millions of eyes onto his NFT for only $800 in Ethereum Gas Fees.<\/p>\n\n\n\n

                  Is this purely genius marketing to a not so spectacular Cryptopunk?<\/p>\n","post_title":"What's Behind The $530M CryptoPunk #9998","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptopunk-9998","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:56","post_modified_gmt":"2022-03-14 10:05:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1529","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

                  1 … 3 4 5

                Most Read

                Subscribe To Our Newsletter

                By subscribing, you agree with our privacy and terms.

                Follow The Distributed

                Twitter Instagram Youtube LinkedIn Facebook RSS
                ADVERTISEMENT
                \n

                There has been no word from the SEC on the audit as of yet. All news comes from anonymous sources because the probe hasn't been disclosed publicly states Bloomberg.<\/p>\n","post_title":"SEC Audits The NFT Market Over Potential Violations","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"sec-audits-the-nft-market-over-potential-violations","to_ping":"","pinged":"","post_modified":"2023-04-11 12:52:44","post_modified_gmt":"2023-04-11 02:52:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3780","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3766,"post_author":"1","post_date":"2022-03-04 19:39:23","post_date_gmt":"2022-03-04 08:39:23","post_content":"\n

                The recent announcement of an Airdrop<\/a> by the Ukrainian Government has been canceled, not even a day after it was announced.<\/p>\n\n\n\n

                Despite this fact, Mykhailo Fedorov the Ukrainian Vice Prime Minister stated in a tweet that; \"Instead, we will announce NFTs to support Ukrainian Armed Forces soon.\" <\/p>\n\n\n\n

                So far there is no further information on the Ukraine NFT.<\/p>\n\n\n\n

                \nhttps:\/\/twitter.com\/FedorovMykhailo\/status\/1499348177002151937?s=20&t=YeEO_SBQozgfeLDOf7UyYA\n<\/div><\/figure>\n\n\n\n

                Although the airdrop is no longer a thing, it was a hugely successful marketing tool in gaining further donations. <\/p>\n\n\n\n

                The announcement saw thousands of microdonations<\/a> flood the ETH wallet<\/a> of Ukraine in an attempt to receive the rewards promised by the airdrop.<\/p>\n\n\n\n

                \"Total
                Source: Dune Analytics<\/figcaption><\/figure>\n\n\n\n

                Will the Ukraine NFT follow through, unlike the airdrop?<\/p>\n","post_title":"Ukraine Crypto Airdrop Is Cancelled, NFTs Take Their Place","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ukraine-crypto-airdrop-is-cancelled-nfts-take-their-place","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/ukraines-airdrop-promoting-a-surge-in-microdonations\/\nhttps:\/\/www.thedistributed.co\/ukraine-government-confirms-airdrop-for-crypto-donors\/","post_modified":"2022-03-04 20:59:35","post_modified_gmt":"2022-03-04 09:59:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3766","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3646,"post_author":"1","post_date":"2022-02-28 19:09:26","post_date_gmt":"2022-02-28 08:09:26","post_content":"\n

                South Korean Ministry of Science and ICT are in \"fully-fledged support\" for the creation of an Extended Virtual World <\/em>ecosystem.<\/p>\n\n\n\n

                The ministry's official statement <\/a>pledged to donate over $223B Korean Won (US$186.7M) in an attempt to complete 4 main objectives.<\/p>\n\n\n\n

                1. Build A Platform<\/li>
                2. Fostering Professionals<\/li>
                3. Fostering Specialised Companies<\/li>
                4. Creating A Reliable Extended Virtual World Enviroment<\/li><\/ol>\n\n\n\n

                  With the completion of these objectives, the ministry will attempt to use its \"Metaverse\" to create a decentralized creator economy. With plans to expand the virtual growth of cities, education, and media.<\/p>\n\n\n\n

                  Above all, the ministry expects its metaverse to have a global influence. The metaverse will provide seamless access to South Korean companies over time. <\/p>\n\n\n\n

                  Together with financial and technological support to companies leading the expanded virtual world industry, South Korea aims to provide a lot of corporate support for developers.<\/p>\n\n\n\n

                  Meanwhile, a broad government council is in the works to tackle issues in the virtual space. Issues such as personal information and intellectual property protection, and supervision of illegal acts.\u00a0<\/p>\n\n\n\n

                  \"We will spare no effort to support domestic companies, young developers, and creators so that they can find new growth opportunities in the infinite digital economy territory created by the expanded virtual world and open up a healthy expanded virtual world.<\/strong>\u201d<\/p>Park Yun-gyu, Head of Information and Communication Policy, Ministry of Science and ICT<\/strong><\/cite><\/blockquote>\n","post_title":"South Korean Government To Invest $187M Into The Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-government-to-invest-187m-into-the-metaverse","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:46","post_modified_gmt":"2023-04-11 02:53:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3646","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3564,"post_author":"1","post_date":"2022-02-23 19:11:54","post_date_gmt":"2022-02-23 08:11:54","post_content":"\n

                  A vending machine in New York has launched and it sells nothing?<\/p>\n\n\n\n

                  NFT Platform, Neon<\/a>, has launched the first NFT vending machine in the world in New York City's Financial District.<\/p>\n\n\n\n

                  The machine accepts both debit and credit cards, before dispensing a box with a QR code inside. This QR code is technically your NFT, all you have to do is scan it through Neon's App. Once scanned the NFT will show up in your digital wallet, although the wallet is not required to purchase.<\/p>\n\n\n\n

                  \"\"
                  Credit: Neon<\/figcaption><\/figure>\n\n\n\n

                  Why A Vending Machine?<\/h2>\n\n\n\n

                  In order to make NFTs more accessible to the public Neon\u2019s machine doesn\u2019t require any cryptocurrency. This allows for the public to buy an NFT without having to sign up prior to doing so. <\/p>\n\n\n\n

                  Purchasing an NFT can be a daunting task to those not familiar with Web 3 and Blockchain. Neon hopes to \"bring digital art and collecting to the largest possible audience\". An NFT vending machine is surely one way to attract a lot of attention.<\/p>\n\n\n\n

                  Jordan Birnholtz, CMO and co-founder of Neon states that \u201cwhile only 2% of Americans have digital wallets, 80% have a credit card or debit card,\u201d adding that \u201cNeon started with fiat because our mission is unique, to bring digital art and collecting to the largest possible audience,\u201d<\/p>\n","post_title":"World's First NFT Vending Machine Launched In NYC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"worlds-first-nft-vending-machine-launched-in-nyc","to_ping":"","pinged":"","post_modified":"2022-02-23 19:11:57","post_modified_gmt":"2022-02-23 08:11:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3564","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3413,"post_author":"1","post_date":"2022-02-08 21:35:14","post_date_gmt":"2022-02-08 10:35:14","post_content":"\n

                  The Recording Industry Association of America (RIAA) calls for an end to \"bogus\" NFT site HitPiece<\/a>'s infringement of artists' rights. The cease and desist was forwarded<\/a> to the attorneys of HitPiece on February 4th, 2022.<\/p>\n\n\n\n

                  The RIAA insists HitPiece stop infringing on the intellectual rights of the musicians for selling NFTs of their music without the consent of the original artists. This is nothing new, HitPiece has been criticized in the past by both artists and fans for the same reason. After an apology<\/a> from the company on February 2nd, this wasn't enough.<\/p>\n\n\n\n

                  The line was crossed and the FIAA decided to step in to take legal action and show that there is no playing around in this industry.<\/p>\n\n\n\n

                  \u201cHitPiece appears to be little more than a scam operation designed to trade on fans\u2019 love of music and desire to connect more closely with artists, using buzzwords and jargon to gloss over their complete failure to obtain necessary rights. Fans were led to believe they were purchasing an NFT genuinely associated with an artist and their work when that was not at all the case. While the operators appear to have taken the main HitPiece site offline for now, this move was necessary to ensure a fair accounting for the harm HitPiece and its operators have already done and to ensure that this site or copycats don\u2019t simply resume their scams under another name.\u201d<\/strong><\/em><\/p>Ken Doroshow, RIAA Chief Legal Officer<\/cite><\/blockquote>\n","post_title":"NFT Platform HitPiece Receives Cease And Desist Letter From Recording Industry Association","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nft-platform-hitpiece-receives-cease-and-desist-letter-from-recording-industry-association","to_ping":"","pinged":"","post_modified":"2023-04-11 12:55:43","post_modified_gmt":"2023-04-11 02:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3413","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3398,"post_author":"1","post_date":"2022-02-06 23:17:56","post_date_gmt":"2022-02-06 12:17:56","post_content":"\n

                  A home in Gulfport, Florida will be auctioned off as an NFT. Real Estate Technology company, Propy<\/a>, will be minting the property through a digital auction<\/a>. The NFT will hold the rights to the house, in a digital form, while also serving as the LLC. This will protect the rights and ownership of the property. <\/p>\n\n\n\n

                  This will be the second property to be sold as an NFT by Propy, following the sale<\/a> of TechCrunch founder, Micheal Arrington's, Kyiv Apartment for 36 ETH.<\/p>\n\n\n\n

                  Why Sell A Property As An NFT?<\/h2>\n\n\n\n

                  The current owner of the property, Leslie Alessandra, stated she chose to list the home as an NFT to demonstrate the use of evolving technology. <\/p>\n\n\n\n

                  \u201cIs this just hype or is there a real world application? (The auction) is really to stimulate conversation,\u201d<\/em><\/strong><\/p>Leslie Alessandra on Tampa Bay Times<\/a><\/cite><\/blockquote>\n\n\n\n

                  Whats The Paperwork Like?<\/h2>\n\n\n\n

                  The legal landscape of asset ownership has had to evolve quickly in the past few years to accommodate the adoption of digital assets, and this is no exception. <\/p>\n\n\n\n

                  Any purchase of a property must be recorded in the county's recorders office, this is to facilitate the transfer of ownership rights. A legal entity must exist to transfer the property to, which is where NFTs are used in more public scenes, representing an LLC.<\/p>\n\n\n\n

                  <\/div>\n\n\n\n

                  --> The sale takes place on the 8th Of February, with over 2000 people signed up to witness the first sale of a house as an NFT in the U.S.<\/p>\n","post_title":"Florida Home Listed For Sale, As An NFT","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"florida-home-listed-for-sale-as-an-nft","to_ping":"","pinged":"","post_modified":"2022-02-16 21:44:00","post_modified_gmt":"2022-02-16 10:44:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3398","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":1529,"post_author":"1","post_date":"2021-10-29 17:25:31","post_date_gmt":"2021-10-29 06:25:31","post_content":"\n

                  One of the largest art sales in history may have just taken place, CryptoPunk #9888 sold for $530 Million.<\/p>\n\n\n\n

                  Although, this is no more than just an elaborate hoax. See it is hard to trick people when you buy your own artwork, especially on a public blockchain.<\/p>\n\n\n\n

                  A Twitter bot tracking the sales of every CryptoPunk tweeted this on Thursday night shortly after 8 pm. <\/p>\n\n\n\n

                  \nhttps:\/\/twitter.com\/cryptopunksbot\/status\/1453872415591829504\n<\/div><\/figure>\n\n\n\n

                  You may wonder \"What makes this NFT worth half a billion dollars?<\/a>\" and the truth is, not much actually. <\/p>\n\n\n\n

                  Using Rarity<\/a> ranks its Rarity Score at a mere 136.49<\/a>, compared to Punk #7804 which actually sold for $7.57M and has a rarity score of 2329.18<\/a>.<\/p>\n\n\n\n

                  Due to the fact this punk lacks desirable features from a collectors perspective, it quickly attracted attention to how it could sell for this sum of money. <\/p>\n\n\n\n

                  A look at the Ethereum Blockchain Ledger shows that it was nothing more than smart, smart contract trickery.<\/p>\n\n\n\n

                  \nhttps:\/\/twitter.com\/nanexcool\/status\/1453874296812670976\n<\/div><\/figure>\n\n\n\n

                  Why Would You Buy Your Own NFT?<\/h2>\n\n\n\n

                  The purchase was made using a flash loan contract, essentially this is a loan that is repaid immediately. <\/p>\n\n\n\n

                  The owner of this Punk bought his own Cryptopunk and instantly paid back his loan, using smart arbitrage he bought millions of eyes onto his NFT for only $800 in Ethereum Gas Fees.<\/p>\n\n\n\n

                  Is this purely genius marketing to a not so spectacular Cryptopunk?<\/p>\n","post_title":"What's Behind The $530M CryptoPunk #9998","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptopunk-9998","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:56","post_modified_gmt":"2022-03-14 10:05:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1529","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

                  1 … 3 4 5

                Most Read

                Subscribe To Our Newsletter

                By subscribing, you agree with our privacy and terms.

                Follow The Distributed

                Twitter Instagram Youtube LinkedIn Facebook RSS
                ADVERTISEMENT
                \n

                \u201cGiven the breadth of the NFT landscape, certain pieces of it might fall within our jurisdiction,\u201d<\/em><\/p>Hester Peirce, SEC Commissioner on CoinDesk TV<\/a> <\/cite><\/blockquote>\n\n\n\n

                There has been no word from the SEC on the audit as of yet. All news comes from anonymous sources because the probe hasn't been disclosed publicly states Bloomberg.<\/p>\n","post_title":"SEC Audits The NFT Market Over Potential Violations","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"sec-audits-the-nft-market-over-potential-violations","to_ping":"","pinged":"","post_modified":"2023-04-11 12:52:44","post_modified_gmt":"2023-04-11 02:52:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3780","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3766,"post_author":"1","post_date":"2022-03-04 19:39:23","post_date_gmt":"2022-03-04 08:39:23","post_content":"\n

                The recent announcement of an Airdrop<\/a> by the Ukrainian Government has been canceled, not even a day after it was announced.<\/p>\n\n\n\n

                Despite this fact, Mykhailo Fedorov the Ukrainian Vice Prime Minister stated in a tweet that; \"Instead, we will announce NFTs to support Ukrainian Armed Forces soon.\" <\/p>\n\n\n\n

                So far there is no further information on the Ukraine NFT.<\/p>\n\n\n\n

                \nhttps:\/\/twitter.com\/FedorovMykhailo\/status\/1499348177002151937?s=20&t=YeEO_SBQozgfeLDOf7UyYA\n<\/div><\/figure>\n\n\n\n

                Although the airdrop is no longer a thing, it was a hugely successful marketing tool in gaining further donations. <\/p>\n\n\n\n

                The announcement saw thousands of microdonations<\/a> flood the ETH wallet<\/a> of Ukraine in an attempt to receive the rewards promised by the airdrop.<\/p>\n\n\n\n

                \"Total
                Source: Dune Analytics<\/figcaption><\/figure>\n\n\n\n

                Will the Ukraine NFT follow through, unlike the airdrop?<\/p>\n","post_title":"Ukraine Crypto Airdrop Is Cancelled, NFTs Take Their Place","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ukraine-crypto-airdrop-is-cancelled-nfts-take-their-place","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/ukraines-airdrop-promoting-a-surge-in-microdonations\/\nhttps:\/\/www.thedistributed.co\/ukraine-government-confirms-airdrop-for-crypto-donors\/","post_modified":"2022-03-04 20:59:35","post_modified_gmt":"2022-03-04 09:59:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3766","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3646,"post_author":"1","post_date":"2022-02-28 19:09:26","post_date_gmt":"2022-02-28 08:09:26","post_content":"\n

                South Korean Ministry of Science and ICT are in \"fully-fledged support\" for the creation of an Extended Virtual World <\/em>ecosystem.<\/p>\n\n\n\n

                The ministry's official statement <\/a>pledged to donate over $223B Korean Won (US$186.7M) in an attempt to complete 4 main objectives.<\/p>\n\n\n\n

                1. Build A Platform<\/li>
                2. Fostering Professionals<\/li>
                3. Fostering Specialised Companies<\/li>
                4. Creating A Reliable Extended Virtual World Enviroment<\/li><\/ol>\n\n\n\n

                  With the completion of these objectives, the ministry will attempt to use its \"Metaverse\" to create a decentralized creator economy. With plans to expand the virtual growth of cities, education, and media.<\/p>\n\n\n\n

                  Above all, the ministry expects its metaverse to have a global influence. The metaverse will provide seamless access to South Korean companies over time. <\/p>\n\n\n\n

                  Together with financial and technological support to companies leading the expanded virtual world industry, South Korea aims to provide a lot of corporate support for developers.<\/p>\n\n\n\n

                  Meanwhile, a broad government council is in the works to tackle issues in the virtual space. Issues such as personal information and intellectual property protection, and supervision of illegal acts.\u00a0<\/p>\n\n\n\n

                  \"We will spare no effort to support domestic companies, young developers, and creators so that they can find new growth opportunities in the infinite digital economy territory created by the expanded virtual world and open up a healthy expanded virtual world.<\/strong>\u201d<\/p>Park Yun-gyu, Head of Information and Communication Policy, Ministry of Science and ICT<\/strong><\/cite><\/blockquote>\n","post_title":"South Korean Government To Invest $187M Into The Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-government-to-invest-187m-into-the-metaverse","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:46","post_modified_gmt":"2023-04-11 02:53:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3646","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3564,"post_author":"1","post_date":"2022-02-23 19:11:54","post_date_gmt":"2022-02-23 08:11:54","post_content":"\n

                  A vending machine in New York has launched and it sells nothing?<\/p>\n\n\n\n

                  NFT Platform, Neon<\/a>, has launched the first NFT vending machine in the world in New York City's Financial District.<\/p>\n\n\n\n

                  The machine accepts both debit and credit cards, before dispensing a box with a QR code inside. This QR code is technically your NFT, all you have to do is scan it through Neon's App. Once scanned the NFT will show up in your digital wallet, although the wallet is not required to purchase.<\/p>\n\n\n\n

                  \"\"
                  Credit: Neon<\/figcaption><\/figure>\n\n\n\n

                  Why A Vending Machine?<\/h2>\n\n\n\n

                  In order to make NFTs more accessible to the public Neon\u2019s machine doesn\u2019t require any cryptocurrency. This allows for the public to buy an NFT without having to sign up prior to doing so. <\/p>\n\n\n\n

                  Purchasing an NFT can be a daunting task to those not familiar with Web 3 and Blockchain. Neon hopes to \"bring digital art and collecting to the largest possible audience\". An NFT vending machine is surely one way to attract a lot of attention.<\/p>\n\n\n\n

                  Jordan Birnholtz, CMO and co-founder of Neon states that \u201cwhile only 2% of Americans have digital wallets, 80% have a credit card or debit card,\u201d adding that \u201cNeon started with fiat because our mission is unique, to bring digital art and collecting to the largest possible audience,\u201d<\/p>\n","post_title":"World's First NFT Vending Machine Launched In NYC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"worlds-first-nft-vending-machine-launched-in-nyc","to_ping":"","pinged":"","post_modified":"2022-02-23 19:11:57","post_modified_gmt":"2022-02-23 08:11:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3564","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3413,"post_author":"1","post_date":"2022-02-08 21:35:14","post_date_gmt":"2022-02-08 10:35:14","post_content":"\n

                  The Recording Industry Association of America (RIAA) calls for an end to \"bogus\" NFT site HitPiece<\/a>'s infringement of artists' rights. The cease and desist was forwarded<\/a> to the attorneys of HitPiece on February 4th, 2022.<\/p>\n\n\n\n

                  The RIAA insists HitPiece stop infringing on the intellectual rights of the musicians for selling NFTs of their music without the consent of the original artists. This is nothing new, HitPiece has been criticized in the past by both artists and fans for the same reason. After an apology<\/a> from the company on February 2nd, this wasn't enough.<\/p>\n\n\n\n

                  The line was crossed and the FIAA decided to step in to take legal action and show that there is no playing around in this industry.<\/p>\n\n\n\n

                  \u201cHitPiece appears to be little more than a scam operation designed to trade on fans\u2019 love of music and desire to connect more closely with artists, using buzzwords and jargon to gloss over their complete failure to obtain necessary rights. Fans were led to believe they were purchasing an NFT genuinely associated with an artist and their work when that was not at all the case. While the operators appear to have taken the main HitPiece site offline for now, this move was necessary to ensure a fair accounting for the harm HitPiece and its operators have already done and to ensure that this site or copycats don\u2019t simply resume their scams under another name.\u201d<\/strong><\/em><\/p>Ken Doroshow, RIAA Chief Legal Officer<\/cite><\/blockquote>\n","post_title":"NFT Platform HitPiece Receives Cease And Desist Letter From Recording Industry Association","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nft-platform-hitpiece-receives-cease-and-desist-letter-from-recording-industry-association","to_ping":"","pinged":"","post_modified":"2023-04-11 12:55:43","post_modified_gmt":"2023-04-11 02:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3413","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3398,"post_author":"1","post_date":"2022-02-06 23:17:56","post_date_gmt":"2022-02-06 12:17:56","post_content":"\n

                  A home in Gulfport, Florida will be auctioned off as an NFT. Real Estate Technology company, Propy<\/a>, will be minting the property through a digital auction<\/a>. The NFT will hold the rights to the house, in a digital form, while also serving as the LLC. This will protect the rights and ownership of the property. <\/p>\n\n\n\n

                  This will be the second property to be sold as an NFT by Propy, following the sale<\/a> of TechCrunch founder, Micheal Arrington's, Kyiv Apartment for 36 ETH.<\/p>\n\n\n\n

                  Why Sell A Property As An NFT?<\/h2>\n\n\n\n

                  The current owner of the property, Leslie Alessandra, stated she chose to list the home as an NFT to demonstrate the use of evolving technology. <\/p>\n\n\n\n

                  \u201cIs this just hype or is there a real world application? (The auction) is really to stimulate conversation,\u201d<\/em><\/strong><\/p>Leslie Alessandra on Tampa Bay Times<\/a><\/cite><\/blockquote>\n\n\n\n

                  Whats The Paperwork Like?<\/h2>\n\n\n\n

                  The legal landscape of asset ownership has had to evolve quickly in the past few years to accommodate the adoption of digital assets, and this is no exception. <\/p>\n\n\n\n

                  Any purchase of a property must be recorded in the county's recorders office, this is to facilitate the transfer of ownership rights. A legal entity must exist to transfer the property to, which is where NFTs are used in more public scenes, representing an LLC.<\/p>\n\n\n\n

                  <\/div>\n\n\n\n

                  --> The sale takes place on the 8th Of February, with over 2000 people signed up to witness the first sale of a house as an NFT in the U.S.<\/p>\n","post_title":"Florida Home Listed For Sale, As An NFT","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"florida-home-listed-for-sale-as-an-nft","to_ping":"","pinged":"","post_modified":"2022-02-16 21:44:00","post_modified_gmt":"2022-02-16 10:44:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3398","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":1529,"post_author":"1","post_date":"2021-10-29 17:25:31","post_date_gmt":"2021-10-29 06:25:31","post_content":"\n

                  One of the largest art sales in history may have just taken place, CryptoPunk #9888 sold for $530 Million.<\/p>\n\n\n\n

                  Although, this is no more than just an elaborate hoax. See it is hard to trick people when you buy your own artwork, especially on a public blockchain.<\/p>\n\n\n\n

                  A Twitter bot tracking the sales of every CryptoPunk tweeted this on Thursday night shortly after 8 pm. <\/p>\n\n\n\n

                  \nhttps:\/\/twitter.com\/cryptopunksbot\/status\/1453872415591829504\n<\/div><\/figure>\n\n\n\n

                  You may wonder \"What makes this NFT worth half a billion dollars?<\/a>\" and the truth is, not much actually. <\/p>\n\n\n\n

                  Using Rarity<\/a> ranks its Rarity Score at a mere 136.49<\/a>, compared to Punk #7804 which actually sold for $7.57M and has a rarity score of 2329.18<\/a>.<\/p>\n\n\n\n

                  Due to the fact this punk lacks desirable features from a collectors perspective, it quickly attracted attention to how it could sell for this sum of money. <\/p>\n\n\n\n

                  A look at the Ethereum Blockchain Ledger shows that it was nothing more than smart, smart contract trickery.<\/p>\n\n\n\n

                  \nhttps:\/\/twitter.com\/nanexcool\/status\/1453874296812670976\n<\/div><\/figure>\n\n\n\n

                  Why Would You Buy Your Own NFT?<\/h2>\n\n\n\n

                  The purchase was made using a flash loan contract, essentially this is a loan that is repaid immediately. <\/p>\n\n\n\n

                  The owner of this Punk bought his own Cryptopunk and instantly paid back his loan, using smart arbitrage he bought millions of eyes onto his NFT for only $800 in Ethereum Gas Fees.<\/p>\n\n\n\n

                  Is this purely genius marketing to a not so spectacular Cryptopunk?<\/p>\n","post_title":"What's Behind The $530M CryptoPunk #9998","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptopunk-9998","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:56","post_modified_gmt":"2022-03-14 10:05:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1529","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

                  1 … 3 4 5

                Most Read

                Subscribe To Our Newsletter

                By subscribing, you agree with our privacy and terms.

                Follow The Distributed

                Twitter Instagram Youtube LinkedIn Facebook RSS
                ADVERTISEMENT
                \n

                As a part of the SEC's audit, they will take a close look at fractional NFTs. These involve breaking down a digital asset into separate units that allow for multiple people to claim ownership of a single token. The SEC believes that the process fractional NFTs take could potentially violate regulatory rules.<\/p>\n\n\n\n

                \u201cGiven the breadth of the NFT landscape, certain pieces of it might fall within our jurisdiction,\u201d<\/em><\/p>Hester Peirce, SEC Commissioner on CoinDesk TV<\/a> <\/cite><\/blockquote>\n\n\n\n

                There has been no word from the SEC on the audit as of yet. All news comes from anonymous sources because the probe hasn't been disclosed publicly states Bloomberg.<\/p>\n","post_title":"SEC Audits The NFT Market Over Potential Violations","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"sec-audits-the-nft-market-over-potential-violations","to_ping":"","pinged":"","post_modified":"2023-04-11 12:52:44","post_modified_gmt":"2023-04-11 02:52:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3780","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3766,"post_author":"1","post_date":"2022-03-04 19:39:23","post_date_gmt":"2022-03-04 08:39:23","post_content":"\n

                The recent announcement of an Airdrop<\/a> by the Ukrainian Government has been canceled, not even a day after it was announced.<\/p>\n\n\n\n

                Despite this fact, Mykhailo Fedorov the Ukrainian Vice Prime Minister stated in a tweet that; \"Instead, we will announce NFTs to support Ukrainian Armed Forces soon.\" <\/p>\n\n\n\n

                So far there is no further information on the Ukraine NFT.<\/p>\n\n\n\n

                \nhttps:\/\/twitter.com\/FedorovMykhailo\/status\/1499348177002151937?s=20&t=YeEO_SBQozgfeLDOf7UyYA\n<\/div><\/figure>\n\n\n\n

                Although the airdrop is no longer a thing, it was a hugely successful marketing tool in gaining further donations. <\/p>\n\n\n\n

                The announcement saw thousands of microdonations<\/a> flood the ETH wallet<\/a> of Ukraine in an attempt to receive the rewards promised by the airdrop.<\/p>\n\n\n\n

                \"Total
                Source: Dune Analytics<\/figcaption><\/figure>\n\n\n\n

                Will the Ukraine NFT follow through, unlike the airdrop?<\/p>\n","post_title":"Ukraine Crypto Airdrop Is Cancelled, NFTs Take Their Place","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ukraine-crypto-airdrop-is-cancelled-nfts-take-their-place","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/ukraines-airdrop-promoting-a-surge-in-microdonations\/\nhttps:\/\/www.thedistributed.co\/ukraine-government-confirms-airdrop-for-crypto-donors\/","post_modified":"2022-03-04 20:59:35","post_modified_gmt":"2022-03-04 09:59:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3766","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3646,"post_author":"1","post_date":"2022-02-28 19:09:26","post_date_gmt":"2022-02-28 08:09:26","post_content":"\n

                South Korean Ministry of Science and ICT are in \"fully-fledged support\" for the creation of an Extended Virtual World <\/em>ecosystem.<\/p>\n\n\n\n

                The ministry's official statement <\/a>pledged to donate over $223B Korean Won (US$186.7M) in an attempt to complete 4 main objectives.<\/p>\n\n\n\n

                1. Build A Platform<\/li>
                2. Fostering Professionals<\/li>
                3. Fostering Specialised Companies<\/li>
                4. Creating A Reliable Extended Virtual World Enviroment<\/li><\/ol>\n\n\n\n

                  With the completion of these objectives, the ministry will attempt to use its \"Metaverse\" to create a decentralized creator economy. With plans to expand the virtual growth of cities, education, and media.<\/p>\n\n\n\n

                  Above all, the ministry expects its metaverse to have a global influence. The metaverse will provide seamless access to South Korean companies over time. <\/p>\n\n\n\n

                  Together with financial and technological support to companies leading the expanded virtual world industry, South Korea aims to provide a lot of corporate support for developers.<\/p>\n\n\n\n

                  Meanwhile, a broad government council is in the works to tackle issues in the virtual space. Issues such as personal information and intellectual property protection, and supervision of illegal acts.\u00a0<\/p>\n\n\n\n

                  \"We will spare no effort to support domestic companies, young developers, and creators so that they can find new growth opportunities in the infinite digital economy territory created by the expanded virtual world and open up a healthy expanded virtual world.<\/strong>\u201d<\/p>Park Yun-gyu, Head of Information and Communication Policy, Ministry of Science and ICT<\/strong><\/cite><\/blockquote>\n","post_title":"South Korean Government To Invest $187M Into The Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-government-to-invest-187m-into-the-metaverse","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:46","post_modified_gmt":"2023-04-11 02:53:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3646","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3564,"post_author":"1","post_date":"2022-02-23 19:11:54","post_date_gmt":"2022-02-23 08:11:54","post_content":"\n

                  A vending machine in New York has launched and it sells nothing?<\/p>\n\n\n\n

                  NFT Platform, Neon<\/a>, has launched the first NFT vending machine in the world in New York City's Financial District.<\/p>\n\n\n\n

                  The machine accepts both debit and credit cards, before dispensing a box with a QR code inside. This QR code is technically your NFT, all you have to do is scan it through Neon's App. Once scanned the NFT will show up in your digital wallet, although the wallet is not required to purchase.<\/p>\n\n\n\n

                  \"\"
                  Credit: Neon<\/figcaption><\/figure>\n\n\n\n

                  Why A Vending Machine?<\/h2>\n\n\n\n

                  In order to make NFTs more accessible to the public Neon\u2019s machine doesn\u2019t require any cryptocurrency. This allows for the public to buy an NFT without having to sign up prior to doing so. <\/p>\n\n\n\n

                  Purchasing an NFT can be a daunting task to those not familiar with Web 3 and Blockchain. Neon hopes to \"bring digital art and collecting to the largest possible audience\". An NFT vending machine is surely one way to attract a lot of attention.<\/p>\n\n\n\n

                  Jordan Birnholtz, CMO and co-founder of Neon states that \u201cwhile only 2% of Americans have digital wallets, 80% have a credit card or debit card,\u201d adding that \u201cNeon started with fiat because our mission is unique, to bring digital art and collecting to the largest possible audience,\u201d<\/p>\n","post_title":"World's First NFT Vending Machine Launched In NYC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"worlds-first-nft-vending-machine-launched-in-nyc","to_ping":"","pinged":"","post_modified":"2022-02-23 19:11:57","post_modified_gmt":"2022-02-23 08:11:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3564","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3413,"post_author":"1","post_date":"2022-02-08 21:35:14","post_date_gmt":"2022-02-08 10:35:14","post_content":"\n

                  The Recording Industry Association of America (RIAA) calls for an end to \"bogus\" NFT site HitPiece<\/a>'s infringement of artists' rights. The cease and desist was forwarded<\/a> to the attorneys of HitPiece on February 4th, 2022.<\/p>\n\n\n\n

                  The RIAA insists HitPiece stop infringing on the intellectual rights of the musicians for selling NFTs of their music without the consent of the original artists. This is nothing new, HitPiece has been criticized in the past by both artists and fans for the same reason. After an apology<\/a> from the company on February 2nd, this wasn't enough.<\/p>\n\n\n\n

                  The line was crossed and the FIAA decided to step in to take legal action and show that there is no playing around in this industry.<\/p>\n\n\n\n

                  \u201cHitPiece appears to be little more than a scam operation designed to trade on fans\u2019 love of music and desire to connect more closely with artists, using buzzwords and jargon to gloss over their complete failure to obtain necessary rights. Fans were led to believe they were purchasing an NFT genuinely associated with an artist and their work when that was not at all the case. While the operators appear to have taken the main HitPiece site offline for now, this move was necessary to ensure a fair accounting for the harm HitPiece and its operators have already done and to ensure that this site or copycats don\u2019t simply resume their scams under another name.\u201d<\/strong><\/em><\/p>Ken Doroshow, RIAA Chief Legal Officer<\/cite><\/blockquote>\n","post_title":"NFT Platform HitPiece Receives Cease And Desist Letter From Recording Industry Association","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nft-platform-hitpiece-receives-cease-and-desist-letter-from-recording-industry-association","to_ping":"","pinged":"","post_modified":"2023-04-11 12:55:43","post_modified_gmt":"2023-04-11 02:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3413","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3398,"post_author":"1","post_date":"2022-02-06 23:17:56","post_date_gmt":"2022-02-06 12:17:56","post_content":"\n

                  A home in Gulfport, Florida will be auctioned off as an NFT. Real Estate Technology company, Propy<\/a>, will be minting the property through a digital auction<\/a>. The NFT will hold the rights to the house, in a digital form, while also serving as the LLC. This will protect the rights and ownership of the property. <\/p>\n\n\n\n

                  This will be the second property to be sold as an NFT by Propy, following the sale<\/a> of TechCrunch founder, Micheal Arrington's, Kyiv Apartment for 36 ETH.<\/p>\n\n\n\n

                  Why Sell A Property As An NFT?<\/h2>\n\n\n\n

                  The current owner of the property, Leslie Alessandra, stated she chose to list the home as an NFT to demonstrate the use of evolving technology. <\/p>\n\n\n\n

                  \u201cIs this just hype or is there a real world application? (The auction) is really to stimulate conversation,\u201d<\/em><\/strong><\/p>Leslie Alessandra on Tampa Bay Times<\/a><\/cite><\/blockquote>\n\n\n\n

                  Whats The Paperwork Like?<\/h2>\n\n\n\n

                  The legal landscape of asset ownership has had to evolve quickly in the past few years to accommodate the adoption of digital assets, and this is no exception. <\/p>\n\n\n\n

                  Any purchase of a property must be recorded in the county's recorders office, this is to facilitate the transfer of ownership rights. A legal entity must exist to transfer the property to, which is where NFTs are used in more public scenes, representing an LLC.<\/p>\n\n\n\n

                  <\/div>\n\n\n\n

                  --> The sale takes place on the 8th Of February, with over 2000 people signed up to witness the first sale of a house as an NFT in the U.S.<\/p>\n","post_title":"Florida Home Listed For Sale, As An NFT","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"florida-home-listed-for-sale-as-an-nft","to_ping":"","pinged":"","post_modified":"2022-02-16 21:44:00","post_modified_gmt":"2022-02-16 10:44:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3398","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":1529,"post_author":"1","post_date":"2021-10-29 17:25:31","post_date_gmt":"2021-10-29 06:25:31","post_content":"\n

                  One of the largest art sales in history may have just taken place, CryptoPunk #9888 sold for $530 Million.<\/p>\n\n\n\n

                  Although, this is no more than just an elaborate hoax. See it is hard to trick people when you buy your own artwork, especially on a public blockchain.<\/p>\n\n\n\n

                  A Twitter bot tracking the sales of every CryptoPunk tweeted this on Thursday night shortly after 8 pm. <\/p>\n\n\n\n

                  \nhttps:\/\/twitter.com\/cryptopunksbot\/status\/1453872415591829504\n<\/div><\/figure>\n\n\n\n

                  You may wonder \"What makes this NFT worth half a billion dollars?<\/a>\" and the truth is, not much actually. <\/p>\n\n\n\n

                  Using Rarity<\/a> ranks its Rarity Score at a mere 136.49<\/a>, compared to Punk #7804 which actually sold for $7.57M and has a rarity score of 2329.18<\/a>.<\/p>\n\n\n\n

                  Due to the fact this punk lacks desirable features from a collectors perspective, it quickly attracted attention to how it could sell for this sum of money. <\/p>\n\n\n\n

                  A look at the Ethereum Blockchain Ledger shows that it was nothing more than smart, smart contract trickery.<\/p>\n\n\n\n

                  \nhttps:\/\/twitter.com\/nanexcool\/status\/1453874296812670976\n<\/div><\/figure>\n\n\n\n

                  Why Would You Buy Your Own NFT?<\/h2>\n\n\n\n

                  The purchase was made using a flash loan contract, essentially this is a loan that is repaid immediately. <\/p>\n\n\n\n

                  The owner of this Punk bought his own Cryptopunk and instantly paid back his loan, using smart arbitrage he bought millions of eyes onto his NFT for only $800 in Ethereum Gas Fees.<\/p>\n\n\n\n

                  Is this purely genius marketing to a not so spectacular Cryptopunk?<\/p>\n","post_title":"What's Behind The $530M CryptoPunk #9998","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptopunk-9998","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:56","post_modified_gmt":"2022-03-14 10:05:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1529","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

                  1 … 3 4 5

                Most Read

                Subscribe To Our Newsletter

                By subscribing, you agree with our privacy and terms.

                Follow The Distributed

                Twitter Instagram Youtube LinkedIn Facebook RSS
                ADVERTISEMENT
                \n

                The audit is the latest attempt by the SEC to ensure that the cryptocurrency markets are following its strict regulations.<\/p>\n\n\n\n

                As a part of the SEC's audit, they will take a close look at fractional NFTs. These involve breaking down a digital asset into separate units that allow for multiple people to claim ownership of a single token. The SEC believes that the process fractional NFTs take could potentially violate regulatory rules.<\/p>\n\n\n\n

                \u201cGiven the breadth of the NFT landscape, certain pieces of it might fall within our jurisdiction,\u201d<\/em><\/p>Hester Peirce, SEC Commissioner on CoinDesk TV<\/a> <\/cite><\/blockquote>\n\n\n\n

                There has been no word from the SEC on the audit as of yet. All news comes from anonymous sources because the probe hasn't been disclosed publicly states Bloomberg.<\/p>\n","post_title":"SEC Audits The NFT Market Over Potential Violations","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"sec-audits-the-nft-market-over-potential-violations","to_ping":"","pinged":"","post_modified":"2023-04-11 12:52:44","post_modified_gmt":"2023-04-11 02:52:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3780","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3766,"post_author":"1","post_date":"2022-03-04 19:39:23","post_date_gmt":"2022-03-04 08:39:23","post_content":"\n

                The recent announcement of an Airdrop<\/a> by the Ukrainian Government has been canceled, not even a day after it was announced.<\/p>\n\n\n\n

                Despite this fact, Mykhailo Fedorov the Ukrainian Vice Prime Minister stated in a tweet that; \"Instead, we will announce NFTs to support Ukrainian Armed Forces soon.\" <\/p>\n\n\n\n

                So far there is no further information on the Ukraine NFT.<\/p>\n\n\n\n

                \nhttps:\/\/twitter.com\/FedorovMykhailo\/status\/1499348177002151937?s=20&t=YeEO_SBQozgfeLDOf7UyYA\n<\/div><\/figure>\n\n\n\n

                Although the airdrop is no longer a thing, it was a hugely successful marketing tool in gaining further donations. <\/p>\n\n\n\n

                The announcement saw thousands of microdonations<\/a> flood the ETH wallet<\/a> of Ukraine in an attempt to receive the rewards promised by the airdrop.<\/p>\n\n\n\n

                \"Total
                Source: Dune Analytics<\/figcaption><\/figure>\n\n\n\n

                Will the Ukraine NFT follow through, unlike the airdrop?<\/p>\n","post_title":"Ukraine Crypto Airdrop Is Cancelled, NFTs Take Their Place","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ukraine-crypto-airdrop-is-cancelled-nfts-take-their-place","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/ukraines-airdrop-promoting-a-surge-in-microdonations\/\nhttps:\/\/www.thedistributed.co\/ukraine-government-confirms-airdrop-for-crypto-donors\/","post_modified":"2022-03-04 20:59:35","post_modified_gmt":"2022-03-04 09:59:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3766","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3646,"post_author":"1","post_date":"2022-02-28 19:09:26","post_date_gmt":"2022-02-28 08:09:26","post_content":"\n

                South Korean Ministry of Science and ICT are in \"fully-fledged support\" for the creation of an Extended Virtual World <\/em>ecosystem.<\/p>\n\n\n\n

                The ministry's official statement <\/a>pledged to donate over $223B Korean Won (US$186.7M) in an attempt to complete 4 main objectives.<\/p>\n\n\n\n

                1. Build A Platform<\/li>
                2. Fostering Professionals<\/li>
                3. Fostering Specialised Companies<\/li>
                4. Creating A Reliable Extended Virtual World Enviroment<\/li><\/ol>\n\n\n\n

                  With the completion of these objectives, the ministry will attempt to use its \"Metaverse\" to create a decentralized creator economy. With plans to expand the virtual growth of cities, education, and media.<\/p>\n\n\n\n

                  Above all, the ministry expects its metaverse to have a global influence. The metaverse will provide seamless access to South Korean companies over time. <\/p>\n\n\n\n

                  Together with financial and technological support to companies leading the expanded virtual world industry, South Korea aims to provide a lot of corporate support for developers.<\/p>\n\n\n\n

                  Meanwhile, a broad government council is in the works to tackle issues in the virtual space. Issues such as personal information and intellectual property protection, and supervision of illegal acts.\u00a0<\/p>\n\n\n\n

                  \"We will spare no effort to support domestic companies, young developers, and creators so that they can find new growth opportunities in the infinite digital economy territory created by the expanded virtual world and open up a healthy expanded virtual world.<\/strong>\u201d<\/p>Park Yun-gyu, Head of Information and Communication Policy, Ministry of Science and ICT<\/strong><\/cite><\/blockquote>\n","post_title":"South Korean Government To Invest $187M Into The Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-government-to-invest-187m-into-the-metaverse","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:46","post_modified_gmt":"2023-04-11 02:53:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3646","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3564,"post_author":"1","post_date":"2022-02-23 19:11:54","post_date_gmt":"2022-02-23 08:11:54","post_content":"\n

                  A vending machine in New York has launched and it sells nothing?<\/p>\n\n\n\n

                  NFT Platform, Neon<\/a>, has launched the first NFT vending machine in the world in New York City's Financial District.<\/p>\n\n\n\n

                  The machine accepts both debit and credit cards, before dispensing a box with a QR code inside. This QR code is technically your NFT, all you have to do is scan it through Neon's App. Once scanned the NFT will show up in your digital wallet, although the wallet is not required to purchase.<\/p>\n\n\n\n

                  \"\"
                  Credit: Neon<\/figcaption><\/figure>\n\n\n\n

                  Why A Vending Machine?<\/h2>\n\n\n\n

                  In order to make NFTs more accessible to the public Neon\u2019s machine doesn\u2019t require any cryptocurrency. This allows for the public to buy an NFT without having to sign up prior to doing so. <\/p>\n\n\n\n

                  Purchasing an NFT can be a daunting task to those not familiar with Web 3 and Blockchain. Neon hopes to \"bring digital art and collecting to the largest possible audience\". An NFT vending machine is surely one way to attract a lot of attention.<\/p>\n\n\n\n

                  Jordan Birnholtz, CMO and co-founder of Neon states that \u201cwhile only 2% of Americans have digital wallets, 80% have a credit card or debit card,\u201d adding that \u201cNeon started with fiat because our mission is unique, to bring digital art and collecting to the largest possible audience,\u201d<\/p>\n","post_title":"World's First NFT Vending Machine Launched In NYC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"worlds-first-nft-vending-machine-launched-in-nyc","to_ping":"","pinged":"","post_modified":"2022-02-23 19:11:57","post_modified_gmt":"2022-02-23 08:11:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3564","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3413,"post_author":"1","post_date":"2022-02-08 21:35:14","post_date_gmt":"2022-02-08 10:35:14","post_content":"\n

                  The Recording Industry Association of America (RIAA) calls for an end to \"bogus\" NFT site HitPiece<\/a>'s infringement of artists' rights. The cease and desist was forwarded<\/a> to the attorneys of HitPiece on February 4th, 2022.<\/p>\n\n\n\n

                  The RIAA insists HitPiece stop infringing on the intellectual rights of the musicians for selling NFTs of their music without the consent of the original artists. This is nothing new, HitPiece has been criticized in the past by both artists and fans for the same reason. After an apology<\/a> from the company on February 2nd, this wasn't enough.<\/p>\n\n\n\n

                  The line was crossed and the FIAA decided to step in to take legal action and show that there is no playing around in this industry.<\/p>\n\n\n\n

                  \u201cHitPiece appears to be little more than a scam operation designed to trade on fans\u2019 love of music and desire to connect more closely with artists, using buzzwords and jargon to gloss over their complete failure to obtain necessary rights. Fans were led to believe they were purchasing an NFT genuinely associated with an artist and their work when that was not at all the case. While the operators appear to have taken the main HitPiece site offline for now, this move was necessary to ensure a fair accounting for the harm HitPiece and its operators have already done and to ensure that this site or copycats don\u2019t simply resume their scams under another name.\u201d<\/strong><\/em><\/p>Ken Doroshow, RIAA Chief Legal Officer<\/cite><\/blockquote>\n","post_title":"NFT Platform HitPiece Receives Cease And Desist Letter From Recording Industry Association","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nft-platform-hitpiece-receives-cease-and-desist-letter-from-recording-industry-association","to_ping":"","pinged":"","post_modified":"2023-04-11 12:55:43","post_modified_gmt":"2023-04-11 02:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3413","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3398,"post_author":"1","post_date":"2022-02-06 23:17:56","post_date_gmt":"2022-02-06 12:17:56","post_content":"\n

                  A home in Gulfport, Florida will be auctioned off as an NFT. Real Estate Technology company, Propy<\/a>, will be minting the property through a digital auction<\/a>. The NFT will hold the rights to the house, in a digital form, while also serving as the LLC. This will protect the rights and ownership of the property. <\/p>\n\n\n\n

                  This will be the second property to be sold as an NFT by Propy, following the sale<\/a> of TechCrunch founder, Micheal Arrington's, Kyiv Apartment for 36 ETH.<\/p>\n\n\n\n

                  Why Sell A Property As An NFT?<\/h2>\n\n\n\n

                  The current owner of the property, Leslie Alessandra, stated she chose to list the home as an NFT to demonstrate the use of evolving technology. <\/p>\n\n\n\n

                  \u201cIs this just hype or is there a real world application? (The auction) is really to stimulate conversation,\u201d<\/em><\/strong><\/p>Leslie Alessandra on Tampa Bay Times<\/a><\/cite><\/blockquote>\n\n\n\n

                  Whats The Paperwork Like?<\/h2>\n\n\n\n

                  The legal landscape of asset ownership has had to evolve quickly in the past few years to accommodate the adoption of digital assets, and this is no exception. <\/p>\n\n\n\n

                  Any purchase of a property must be recorded in the county's recorders office, this is to facilitate the transfer of ownership rights. A legal entity must exist to transfer the property to, which is where NFTs are used in more public scenes, representing an LLC.<\/p>\n\n\n\n

                  <\/div>\n\n\n\n

                  --> The sale takes place on the 8th Of February, with over 2000 people signed up to witness the first sale of a house as an NFT in the U.S.<\/p>\n","post_title":"Florida Home Listed For Sale, As An NFT","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"florida-home-listed-for-sale-as-an-nft","to_ping":"","pinged":"","post_modified":"2022-02-16 21:44:00","post_modified_gmt":"2022-02-16 10:44:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3398","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":1529,"post_author":"1","post_date":"2021-10-29 17:25:31","post_date_gmt":"2021-10-29 06:25:31","post_content":"\n

                  One of the largest art sales in history may have just taken place, CryptoPunk #9888 sold for $530 Million.<\/p>\n\n\n\n

                  Although, this is no more than just an elaborate hoax. See it is hard to trick people when you buy your own artwork, especially on a public blockchain.<\/p>\n\n\n\n

                  A Twitter bot tracking the sales of every CryptoPunk tweeted this on Thursday night shortly after 8 pm. <\/p>\n\n\n\n

                  \nhttps:\/\/twitter.com\/cryptopunksbot\/status\/1453872415591829504\n<\/div><\/figure>\n\n\n\n

                  You may wonder \"What makes this NFT worth half a billion dollars?<\/a>\" and the truth is, not much actually. <\/p>\n\n\n\n

                  Using Rarity<\/a> ranks its Rarity Score at a mere 136.49<\/a>, compared to Punk #7804 which actually sold for $7.57M and has a rarity score of 2329.18<\/a>.<\/p>\n\n\n\n

                  Due to the fact this punk lacks desirable features from a collectors perspective, it quickly attracted attention to how it could sell for this sum of money. <\/p>\n\n\n\n

                  A look at the Ethereum Blockchain Ledger shows that it was nothing more than smart, smart contract trickery.<\/p>\n\n\n\n

                  \nhttps:\/\/twitter.com\/nanexcool\/status\/1453874296812670976\n<\/div><\/figure>\n\n\n\n

                  Why Would You Buy Your Own NFT?<\/h2>\n\n\n\n

                  The purchase was made using a flash loan contract, essentially this is a loan that is repaid immediately. <\/p>\n\n\n\n

                  The owner of this Punk bought his own Cryptopunk and instantly paid back his loan, using smart arbitrage he bought millions of eyes onto his NFT for only $800 in Ethereum Gas Fees.<\/p>\n\n\n\n

                  Is this purely genius marketing to a not so spectacular Cryptopunk?<\/p>\n","post_title":"What's Behind The $530M CryptoPunk #9998","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptopunk-9998","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:56","post_modified_gmt":"2022-03-14 10:05:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1529","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

                  1 … 3 4 5

                Most Read

                Subscribe To Our Newsletter

                By subscribing, you agree with our privacy and terms.

                Follow The Distributed

                Twitter Instagram Youtube LinkedIn Facebook RSS
                ADVERTISEMENT
                \n

                A recent Bloomberg report<\/a> stated that unidentified sources 'familiar with the matter' believe that the SEC is looking at whether or not NFTs are being used to raise money like traditional securities. <\/p>\n\n\n\n

                The audit is the latest attempt by the SEC to ensure that the cryptocurrency markets are following its strict regulations.<\/p>\n\n\n\n

                As a part of the SEC's audit, they will take a close look at fractional NFTs. These involve breaking down a digital asset into separate units that allow for multiple people to claim ownership of a single token. The SEC believes that the process fractional NFTs take could potentially violate regulatory rules.<\/p>\n\n\n\n

                \u201cGiven the breadth of the NFT landscape, certain pieces of it might fall within our jurisdiction,\u201d<\/em><\/p>Hester Peirce, SEC Commissioner on CoinDesk TV<\/a> <\/cite><\/blockquote>\n\n\n\n

                There has been no word from the SEC on the audit as of yet. All news comes from anonymous sources because the probe hasn't been disclosed publicly states Bloomberg.<\/p>\n","post_title":"SEC Audits The NFT Market Over Potential Violations","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"sec-audits-the-nft-market-over-potential-violations","to_ping":"","pinged":"","post_modified":"2023-04-11 12:52:44","post_modified_gmt":"2023-04-11 02:52:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3780","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3766,"post_author":"1","post_date":"2022-03-04 19:39:23","post_date_gmt":"2022-03-04 08:39:23","post_content":"\n

                The recent announcement of an Airdrop<\/a> by the Ukrainian Government has been canceled, not even a day after it was announced.<\/p>\n\n\n\n

                Despite this fact, Mykhailo Fedorov the Ukrainian Vice Prime Minister stated in a tweet that; \"Instead, we will announce NFTs to support Ukrainian Armed Forces soon.\" <\/p>\n\n\n\n

                So far there is no further information on the Ukraine NFT.<\/p>\n\n\n\n

                \nhttps:\/\/twitter.com\/FedorovMykhailo\/status\/1499348177002151937?s=20&t=YeEO_SBQozgfeLDOf7UyYA\n<\/div><\/figure>\n\n\n\n

                Although the airdrop is no longer a thing, it was a hugely successful marketing tool in gaining further donations. <\/p>\n\n\n\n

                The announcement saw thousands of microdonations<\/a> flood the ETH wallet<\/a> of Ukraine in an attempt to receive the rewards promised by the airdrop.<\/p>\n\n\n\n

                \"Total
                Source: Dune Analytics<\/figcaption><\/figure>\n\n\n\n

                Will the Ukraine NFT follow through, unlike the airdrop?<\/p>\n","post_title":"Ukraine Crypto Airdrop Is Cancelled, NFTs Take Their Place","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ukraine-crypto-airdrop-is-cancelled-nfts-take-their-place","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/ukraines-airdrop-promoting-a-surge-in-microdonations\/\nhttps:\/\/www.thedistributed.co\/ukraine-government-confirms-airdrop-for-crypto-donors\/","post_modified":"2022-03-04 20:59:35","post_modified_gmt":"2022-03-04 09:59:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3766","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3646,"post_author":"1","post_date":"2022-02-28 19:09:26","post_date_gmt":"2022-02-28 08:09:26","post_content":"\n

                South Korean Ministry of Science and ICT are in \"fully-fledged support\" for the creation of an Extended Virtual World <\/em>ecosystem.<\/p>\n\n\n\n

                The ministry's official statement <\/a>pledged to donate over $223B Korean Won (US$186.7M) in an attempt to complete 4 main objectives.<\/p>\n\n\n\n

                1. Build A Platform<\/li>
                2. Fostering Professionals<\/li>
                3. Fostering Specialised Companies<\/li>
                4. Creating A Reliable Extended Virtual World Enviroment<\/li><\/ol>\n\n\n\n

                  With the completion of these objectives, the ministry will attempt to use its \"Metaverse\" to create a decentralized creator economy. With plans to expand the virtual growth of cities, education, and media.<\/p>\n\n\n\n

                  Above all, the ministry expects its metaverse to have a global influence. The metaverse will provide seamless access to South Korean companies over time. <\/p>\n\n\n\n

                  Together with financial and technological support to companies leading the expanded virtual world industry, South Korea aims to provide a lot of corporate support for developers.<\/p>\n\n\n\n

                  Meanwhile, a broad government council is in the works to tackle issues in the virtual space. Issues such as personal information and intellectual property protection, and supervision of illegal acts.\u00a0<\/p>\n\n\n\n

                  \"We will spare no effort to support domestic companies, young developers, and creators so that they can find new growth opportunities in the infinite digital economy territory created by the expanded virtual world and open up a healthy expanded virtual world.<\/strong>\u201d<\/p>Park Yun-gyu, Head of Information and Communication Policy, Ministry of Science and ICT<\/strong><\/cite><\/blockquote>\n","post_title":"South Korean Government To Invest $187M Into The Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-government-to-invest-187m-into-the-metaverse","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:46","post_modified_gmt":"2023-04-11 02:53:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3646","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3564,"post_author":"1","post_date":"2022-02-23 19:11:54","post_date_gmt":"2022-02-23 08:11:54","post_content":"\n

                  A vending machine in New York has launched and it sells nothing?<\/p>\n\n\n\n

                  NFT Platform, Neon<\/a>, has launched the first NFT vending machine in the world in New York City's Financial District.<\/p>\n\n\n\n

                  The machine accepts both debit and credit cards, before dispensing a box with a QR code inside. This QR code is technically your NFT, all you have to do is scan it through Neon's App. Once scanned the NFT will show up in your digital wallet, although the wallet is not required to purchase.<\/p>\n\n\n\n

                  \"\"
                  Credit: Neon<\/figcaption><\/figure>\n\n\n\n

                  Why A Vending Machine?<\/h2>\n\n\n\n

                  In order to make NFTs more accessible to the public Neon\u2019s machine doesn\u2019t require any cryptocurrency. This allows for the public to buy an NFT without having to sign up prior to doing so. <\/p>\n\n\n\n

                  Purchasing an NFT can be a daunting task to those not familiar with Web 3 and Blockchain. Neon hopes to \"bring digital art and collecting to the largest possible audience\". An NFT vending machine is surely one way to attract a lot of attention.<\/p>\n\n\n\n

                  Jordan Birnholtz, CMO and co-founder of Neon states that \u201cwhile only 2% of Americans have digital wallets, 80% have a credit card or debit card,\u201d adding that \u201cNeon started with fiat because our mission is unique, to bring digital art and collecting to the largest possible audience,\u201d<\/p>\n","post_title":"World's First NFT Vending Machine Launched In NYC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"worlds-first-nft-vending-machine-launched-in-nyc","to_ping":"","pinged":"","post_modified":"2022-02-23 19:11:57","post_modified_gmt":"2022-02-23 08:11:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3564","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3413,"post_author":"1","post_date":"2022-02-08 21:35:14","post_date_gmt":"2022-02-08 10:35:14","post_content":"\n

                  The Recording Industry Association of America (RIAA) calls for an end to \"bogus\" NFT site HitPiece<\/a>'s infringement of artists' rights. The cease and desist was forwarded<\/a> to the attorneys of HitPiece on February 4th, 2022.<\/p>\n\n\n\n

                  The RIAA insists HitPiece stop infringing on the intellectual rights of the musicians for selling NFTs of their music without the consent of the original artists. This is nothing new, HitPiece has been criticized in the past by both artists and fans for the same reason. After an apology<\/a> from the company on February 2nd, this wasn't enough.<\/p>\n\n\n\n

                  The line was crossed and the FIAA decided to step in to take legal action and show that there is no playing around in this industry.<\/p>\n\n\n\n

                  \u201cHitPiece appears to be little more than a scam operation designed to trade on fans\u2019 love of music and desire to connect more closely with artists, using buzzwords and jargon to gloss over their complete failure to obtain necessary rights. Fans were led to believe they were purchasing an NFT genuinely associated with an artist and their work when that was not at all the case. While the operators appear to have taken the main HitPiece site offline for now, this move was necessary to ensure a fair accounting for the harm HitPiece and its operators have already done and to ensure that this site or copycats don\u2019t simply resume their scams under another name.\u201d<\/strong><\/em><\/p>Ken Doroshow, RIAA Chief Legal Officer<\/cite><\/blockquote>\n","post_title":"NFT Platform HitPiece Receives Cease And Desist Letter From Recording Industry Association","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nft-platform-hitpiece-receives-cease-and-desist-letter-from-recording-industry-association","to_ping":"","pinged":"","post_modified":"2023-04-11 12:55:43","post_modified_gmt":"2023-04-11 02:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3413","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3398,"post_author":"1","post_date":"2022-02-06 23:17:56","post_date_gmt":"2022-02-06 12:17:56","post_content":"\n

                  A home in Gulfport, Florida will be auctioned off as an NFT. Real Estate Technology company, Propy<\/a>, will be minting the property through a digital auction<\/a>. The NFT will hold the rights to the house, in a digital form, while also serving as the LLC. This will protect the rights and ownership of the property. <\/p>\n\n\n\n

                  This will be the second property to be sold as an NFT by Propy, following the sale<\/a> of TechCrunch founder, Micheal Arrington's, Kyiv Apartment for 36 ETH.<\/p>\n\n\n\n

                  Why Sell A Property As An NFT?<\/h2>\n\n\n\n

                  The current owner of the property, Leslie Alessandra, stated she chose to list the home as an NFT to demonstrate the use of evolving technology. <\/p>\n\n\n\n

                  \u201cIs this just hype or is there a real world application? (The auction) is really to stimulate conversation,\u201d<\/em><\/strong><\/p>Leslie Alessandra on Tampa Bay Times<\/a><\/cite><\/blockquote>\n\n\n\n

                  Whats The Paperwork Like?<\/h2>\n\n\n\n

                  The legal landscape of asset ownership has had to evolve quickly in the past few years to accommodate the adoption of digital assets, and this is no exception. <\/p>\n\n\n\n

                  Any purchase of a property must be recorded in the county's recorders office, this is to facilitate the transfer of ownership rights. A legal entity must exist to transfer the property to, which is where NFTs are used in more public scenes, representing an LLC.<\/p>\n\n\n\n

                  <\/div>\n\n\n\n

                  --> The sale takes place on the 8th Of February, with over 2000 people signed up to witness the first sale of a house as an NFT in the U.S.<\/p>\n","post_title":"Florida Home Listed For Sale, As An NFT","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"florida-home-listed-for-sale-as-an-nft","to_ping":"","pinged":"","post_modified":"2022-02-16 21:44:00","post_modified_gmt":"2022-02-16 10:44:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3398","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":1529,"post_author":"1","post_date":"2021-10-29 17:25:31","post_date_gmt":"2021-10-29 06:25:31","post_content":"\n

                  One of the largest art sales in history may have just taken place, CryptoPunk #9888 sold for $530 Million.<\/p>\n\n\n\n

                  Although, this is no more than just an elaborate hoax. See it is hard to trick people when you buy your own artwork, especially on a public blockchain.<\/p>\n\n\n\n

                  A Twitter bot tracking the sales of every CryptoPunk tweeted this on Thursday night shortly after 8 pm. <\/p>\n\n\n\n

                  \nhttps:\/\/twitter.com\/cryptopunksbot\/status\/1453872415591829504\n<\/div><\/figure>\n\n\n\n

                  You may wonder \"What makes this NFT worth half a billion dollars?<\/a>\" and the truth is, not much actually. <\/p>\n\n\n\n

                  Using Rarity<\/a> ranks its Rarity Score at a mere 136.49<\/a>, compared to Punk #7804 which actually sold for $7.57M and has a rarity score of 2329.18<\/a>.<\/p>\n\n\n\n

                  Due to the fact this punk lacks desirable features from a collectors perspective, it quickly attracted attention to how it could sell for this sum of money. <\/p>\n\n\n\n

                  A look at the Ethereum Blockchain Ledger shows that it was nothing more than smart, smart contract trickery.<\/p>\n\n\n\n

                  \nhttps:\/\/twitter.com\/nanexcool\/status\/1453874296812670976\n<\/div><\/figure>\n\n\n\n

                  Why Would You Buy Your Own NFT?<\/h2>\n\n\n\n

                  The purchase was made using a flash loan contract, essentially this is a loan that is repaid immediately. <\/p>\n\n\n\n

                  The owner of this Punk bought his own Cryptopunk and instantly paid back his loan, using smart arbitrage he bought millions of eyes onto his NFT for only $800 in Ethereum Gas Fees.<\/p>\n\n\n\n

                  Is this purely genius marketing to a not so spectacular Cryptopunk?<\/p>\n","post_title":"What's Behind The $530M CryptoPunk #9998","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptopunk-9998","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:56","post_modified_gmt":"2022-03-14 10:05:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1529","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

                  1 … 3 4 5

                Most Read

                Subscribe To Our Newsletter

                By subscribing, you agree with our privacy and terms.

                Follow The Distributed

                Twitter Instagram Youtube LinkedIn Facebook RSS
                ADVERTISEMENT
                \n

                The U.S. Securities and Exchange Commission (SEC) is launching an investigation into the NFT market over potential violations against the agency's rules.<\/p>\n\n\n\n

                A recent Bloomberg report<\/a> stated that unidentified sources 'familiar with the matter' believe that the SEC is looking at whether or not NFTs are being used to raise money like traditional securities. <\/p>\n\n\n\n

                The audit is the latest attempt by the SEC to ensure that the cryptocurrency markets are following its strict regulations.<\/p>\n\n\n\n

                As a part of the SEC's audit, they will take a close look at fractional NFTs. These involve breaking down a digital asset into separate units that allow for multiple people to claim ownership of a single token. The SEC believes that the process fractional NFTs take could potentially violate regulatory rules.<\/p>\n\n\n\n

                \u201cGiven the breadth of the NFT landscape, certain pieces of it might fall within our jurisdiction,\u201d<\/em><\/p>Hester Peirce, SEC Commissioner on CoinDesk TV<\/a> <\/cite><\/blockquote>\n\n\n\n

                There has been no word from the SEC on the audit as of yet. All news comes from anonymous sources because the probe hasn't been disclosed publicly states Bloomberg.<\/p>\n","post_title":"SEC Audits The NFT Market Over Potential Violations","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"sec-audits-the-nft-market-over-potential-violations","to_ping":"","pinged":"","post_modified":"2023-04-11 12:52:44","post_modified_gmt":"2023-04-11 02:52:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3780","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3766,"post_author":"1","post_date":"2022-03-04 19:39:23","post_date_gmt":"2022-03-04 08:39:23","post_content":"\n

                The recent announcement of an Airdrop<\/a> by the Ukrainian Government has been canceled, not even a day after it was announced.<\/p>\n\n\n\n

                Despite this fact, Mykhailo Fedorov the Ukrainian Vice Prime Minister stated in a tweet that; \"Instead, we will announce NFTs to support Ukrainian Armed Forces soon.\" <\/p>\n\n\n\n

                So far there is no further information on the Ukraine NFT.<\/p>\n\n\n\n

                \nhttps:\/\/twitter.com\/FedorovMykhailo\/status\/1499348177002151937?s=20&t=YeEO_SBQozgfeLDOf7UyYA\n<\/div><\/figure>\n\n\n\n

                Although the airdrop is no longer a thing, it was a hugely successful marketing tool in gaining further donations. <\/p>\n\n\n\n

                The announcement saw thousands of microdonations<\/a> flood the ETH wallet<\/a> of Ukraine in an attempt to receive the rewards promised by the airdrop.<\/p>\n\n\n\n

                \"Total
                Source: Dune Analytics<\/figcaption><\/figure>\n\n\n\n

                Will the Ukraine NFT follow through, unlike the airdrop?<\/p>\n","post_title":"Ukraine Crypto Airdrop Is Cancelled, NFTs Take Their Place","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ukraine-crypto-airdrop-is-cancelled-nfts-take-their-place","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/ukraines-airdrop-promoting-a-surge-in-microdonations\/\nhttps:\/\/www.thedistributed.co\/ukraine-government-confirms-airdrop-for-crypto-donors\/","post_modified":"2022-03-04 20:59:35","post_modified_gmt":"2022-03-04 09:59:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3766","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3646,"post_author":"1","post_date":"2022-02-28 19:09:26","post_date_gmt":"2022-02-28 08:09:26","post_content":"\n

                South Korean Ministry of Science and ICT are in \"fully-fledged support\" for the creation of an Extended Virtual World <\/em>ecosystem.<\/p>\n\n\n\n

                The ministry's official statement <\/a>pledged to donate over $223B Korean Won (US$186.7M) in an attempt to complete 4 main objectives.<\/p>\n\n\n\n

                1. Build A Platform<\/li>
                2. Fostering Professionals<\/li>
                3. Fostering Specialised Companies<\/li>
                4. Creating A Reliable Extended Virtual World Enviroment<\/li><\/ol>\n\n\n\n

                  With the completion of these objectives, the ministry will attempt to use its \"Metaverse\" to create a decentralized creator economy. With plans to expand the virtual growth of cities, education, and media.<\/p>\n\n\n\n

                  Above all, the ministry expects its metaverse to have a global influence. The metaverse will provide seamless access to South Korean companies over time. <\/p>\n\n\n\n

                  Together with financial and technological support to companies leading the expanded virtual world industry, South Korea aims to provide a lot of corporate support for developers.<\/p>\n\n\n\n

                  Meanwhile, a broad government council is in the works to tackle issues in the virtual space. Issues such as personal information and intellectual property protection, and supervision of illegal acts.\u00a0<\/p>\n\n\n\n

                  \"We will spare no effort to support domestic companies, young developers, and creators so that they can find new growth opportunities in the infinite digital economy territory created by the expanded virtual world and open up a healthy expanded virtual world.<\/strong>\u201d<\/p>Park Yun-gyu, Head of Information and Communication Policy, Ministry of Science and ICT<\/strong><\/cite><\/blockquote>\n","post_title":"South Korean Government To Invest $187M Into The Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-government-to-invest-187m-into-the-metaverse","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:46","post_modified_gmt":"2023-04-11 02:53:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3646","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3564,"post_author":"1","post_date":"2022-02-23 19:11:54","post_date_gmt":"2022-02-23 08:11:54","post_content":"\n

                  A vending machine in New York has launched and it sells nothing?<\/p>\n\n\n\n

                  NFT Platform, Neon<\/a>, has launched the first NFT vending machine in the world in New York City's Financial District.<\/p>\n\n\n\n

                  The machine accepts both debit and credit cards, before dispensing a box with a QR code inside. This QR code is technically your NFT, all you have to do is scan it through Neon's App. Once scanned the NFT will show up in your digital wallet, although the wallet is not required to purchase.<\/p>\n\n\n\n

                  \"\"
                  Credit: Neon<\/figcaption><\/figure>\n\n\n\n

                  Why A Vending Machine?<\/h2>\n\n\n\n

                  In order to make NFTs more accessible to the public Neon\u2019s machine doesn\u2019t require any cryptocurrency. This allows for the public to buy an NFT without having to sign up prior to doing so. <\/p>\n\n\n\n

                  Purchasing an NFT can be a daunting task to those not familiar with Web 3 and Blockchain. Neon hopes to \"bring digital art and collecting to the largest possible audience\". An NFT vending machine is surely one way to attract a lot of attention.<\/p>\n\n\n\n

                  Jordan Birnholtz, CMO and co-founder of Neon states that \u201cwhile only 2% of Americans have digital wallets, 80% have a credit card or debit card,\u201d adding that \u201cNeon started with fiat because our mission is unique, to bring digital art and collecting to the largest possible audience,\u201d<\/p>\n","post_title":"World's First NFT Vending Machine Launched In NYC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"worlds-first-nft-vending-machine-launched-in-nyc","to_ping":"","pinged":"","post_modified":"2022-02-23 19:11:57","post_modified_gmt":"2022-02-23 08:11:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3564","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3413,"post_author":"1","post_date":"2022-02-08 21:35:14","post_date_gmt":"2022-02-08 10:35:14","post_content":"\n

                  The Recording Industry Association of America (RIAA) calls for an end to \"bogus\" NFT site HitPiece<\/a>'s infringement of artists' rights. The cease and desist was forwarded<\/a> to the attorneys of HitPiece on February 4th, 2022.<\/p>\n\n\n\n

                  The RIAA insists HitPiece stop infringing on the intellectual rights of the musicians for selling NFTs of their music without the consent of the original artists. This is nothing new, HitPiece has been criticized in the past by both artists and fans for the same reason. After an apology<\/a> from the company on February 2nd, this wasn't enough.<\/p>\n\n\n\n

                  The line was crossed and the FIAA decided to step in to take legal action and show that there is no playing around in this industry.<\/p>\n\n\n\n

                  \u201cHitPiece appears to be little more than a scam operation designed to trade on fans\u2019 love of music and desire to connect more closely with artists, using buzzwords and jargon to gloss over their complete failure to obtain necessary rights. Fans were led to believe they were purchasing an NFT genuinely associated with an artist and their work when that was not at all the case. While the operators appear to have taken the main HitPiece site offline for now, this move was necessary to ensure a fair accounting for the harm HitPiece and its operators have already done and to ensure that this site or copycats don\u2019t simply resume their scams under another name.\u201d<\/strong><\/em><\/p>Ken Doroshow, RIAA Chief Legal Officer<\/cite><\/blockquote>\n","post_title":"NFT Platform HitPiece Receives Cease And Desist Letter From Recording Industry Association","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nft-platform-hitpiece-receives-cease-and-desist-letter-from-recording-industry-association","to_ping":"","pinged":"","post_modified":"2023-04-11 12:55:43","post_modified_gmt":"2023-04-11 02:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3413","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3398,"post_author":"1","post_date":"2022-02-06 23:17:56","post_date_gmt":"2022-02-06 12:17:56","post_content":"\n

                  A home in Gulfport, Florida will be auctioned off as an NFT. Real Estate Technology company, Propy<\/a>, will be minting the property through a digital auction<\/a>. The NFT will hold the rights to the house, in a digital form, while also serving as the LLC. This will protect the rights and ownership of the property. <\/p>\n\n\n\n

                  This will be the second property to be sold as an NFT by Propy, following the sale<\/a> of TechCrunch founder, Micheal Arrington's, Kyiv Apartment for 36 ETH.<\/p>\n\n\n\n

                  Why Sell A Property As An NFT?<\/h2>\n\n\n\n

                  The current owner of the property, Leslie Alessandra, stated she chose to list the home as an NFT to demonstrate the use of evolving technology. <\/p>\n\n\n\n

                  \u201cIs this just hype or is there a real world application? (The auction) is really to stimulate conversation,\u201d<\/em><\/strong><\/p>Leslie Alessandra on Tampa Bay Times<\/a><\/cite><\/blockquote>\n\n\n\n

                  Whats The Paperwork Like?<\/h2>\n\n\n\n

                  The legal landscape of asset ownership has had to evolve quickly in the past few years to accommodate the adoption of digital assets, and this is no exception. <\/p>\n\n\n\n

                  Any purchase of a property must be recorded in the county's recorders office, this is to facilitate the transfer of ownership rights. A legal entity must exist to transfer the property to, which is where NFTs are used in more public scenes, representing an LLC.<\/p>\n\n\n\n

                  <\/div>\n\n\n\n

                  --> The sale takes place on the 8th Of February, with over 2000 people signed up to witness the first sale of a house as an NFT in the U.S.<\/p>\n","post_title":"Florida Home Listed For Sale, As An NFT","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"florida-home-listed-for-sale-as-an-nft","to_ping":"","pinged":"","post_modified":"2022-02-16 21:44:00","post_modified_gmt":"2022-02-16 10:44:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3398","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":1529,"post_author":"1","post_date":"2021-10-29 17:25:31","post_date_gmt":"2021-10-29 06:25:31","post_content":"\n

                  One of the largest art sales in history may have just taken place, CryptoPunk #9888 sold for $530 Million.<\/p>\n\n\n\n

                  Although, this is no more than just an elaborate hoax. See it is hard to trick people when you buy your own artwork, especially on a public blockchain.<\/p>\n\n\n\n

                  A Twitter bot tracking the sales of every CryptoPunk tweeted this on Thursday night shortly after 8 pm. <\/p>\n\n\n\n

                  \nhttps:\/\/twitter.com\/cryptopunksbot\/status\/1453872415591829504\n<\/div><\/figure>\n\n\n\n

                  You may wonder \"What makes this NFT worth half a billion dollars?<\/a>\" and the truth is, not much actually. <\/p>\n\n\n\n

                  Using Rarity<\/a> ranks its Rarity Score at a mere 136.49<\/a>, compared to Punk #7804 which actually sold for $7.57M and has a rarity score of 2329.18<\/a>.<\/p>\n\n\n\n

                  Due to the fact this punk lacks desirable features from a collectors perspective, it quickly attracted attention to how it could sell for this sum of money. <\/p>\n\n\n\n

                  A look at the Ethereum Blockchain Ledger shows that it was nothing more than smart, smart contract trickery.<\/p>\n\n\n\n

                  \nhttps:\/\/twitter.com\/nanexcool\/status\/1453874296812670976\n<\/div><\/figure>\n\n\n\n

                  Why Would You Buy Your Own NFT?<\/h2>\n\n\n\n

                  The purchase was made using a flash loan contract, essentially this is a loan that is repaid immediately. <\/p>\n\n\n\n

                  The owner of this Punk bought his own Cryptopunk and instantly paid back his loan, using smart arbitrage he bought millions of eyes onto his NFT for only $800 in Ethereum Gas Fees.<\/p>\n\n\n\n

                  Is this purely genius marketing to a not so spectacular Cryptopunk?<\/p>\n","post_title":"What's Behind The $530M CryptoPunk #9998","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptopunk-9998","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:56","post_modified_gmt":"2022-03-14 10:05:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1529","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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                \n

                <\/p>\n","post_title":"UAE To Exclude CBDCs And NFTs From Their Legislation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uae-to-exclude-cbdcs-and-nfts-from-their-legislation","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/","post_modified":"2023-04-11 12:52:55","post_modified_gmt":"2023-04-11 02:52:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3873","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3780,"post_author":"1","post_date":"2022-03-06 20:27:51","post_date_gmt":"2022-03-06 09:27:51","post_content":"\n

                The U.S. Securities and Exchange Commission (SEC) is launching an investigation into the NFT market over potential violations against the agency's rules.<\/p>\n\n\n\n

                A recent Bloomberg report<\/a> stated that unidentified sources 'familiar with the matter' believe that the SEC is looking at whether or not NFTs are being used to raise money like traditional securities. <\/p>\n\n\n\n

                The audit is the latest attempt by the SEC to ensure that the cryptocurrency markets are following its strict regulations.<\/p>\n\n\n\n

                As a part of the SEC's audit, they will take a close look at fractional NFTs. These involve breaking down a digital asset into separate units that allow for multiple people to claim ownership of a single token. The SEC believes that the process fractional NFTs take could potentially violate regulatory rules.<\/p>\n\n\n\n

                \u201cGiven the breadth of the NFT landscape, certain pieces of it might fall within our jurisdiction,\u201d<\/em><\/p>Hester Peirce, SEC Commissioner on CoinDesk TV<\/a> <\/cite><\/blockquote>\n\n\n\n

                There has been no word from the SEC on the audit as of yet. All news comes from anonymous sources because the probe hasn't been disclosed publicly states Bloomberg.<\/p>\n","post_title":"SEC Audits The NFT Market Over Potential Violations","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"sec-audits-the-nft-market-over-potential-violations","to_ping":"","pinged":"","post_modified":"2023-04-11 12:52:44","post_modified_gmt":"2023-04-11 02:52:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3780","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3766,"post_author":"1","post_date":"2022-03-04 19:39:23","post_date_gmt":"2022-03-04 08:39:23","post_content":"\n

                The recent announcement of an Airdrop<\/a> by the Ukrainian Government has been canceled, not even a day after it was announced.<\/p>\n\n\n\n

                Despite this fact, Mykhailo Fedorov the Ukrainian Vice Prime Minister stated in a tweet that; \"Instead, we will announce NFTs to support Ukrainian Armed Forces soon.\" <\/p>\n\n\n\n

                So far there is no further information on the Ukraine NFT.<\/p>\n\n\n\n

                \nhttps:\/\/twitter.com\/FedorovMykhailo\/status\/1499348177002151937?s=20&t=YeEO_SBQozgfeLDOf7UyYA\n<\/div><\/figure>\n\n\n\n

                Although the airdrop is no longer a thing, it was a hugely successful marketing tool in gaining further donations. <\/p>\n\n\n\n

                The announcement saw thousands of microdonations<\/a> flood the ETH wallet<\/a> of Ukraine in an attempt to receive the rewards promised by the airdrop.<\/p>\n\n\n\n

                \"Total
                Source: Dune Analytics<\/figcaption><\/figure>\n\n\n\n

                Will the Ukraine NFT follow through, unlike the airdrop?<\/p>\n","post_title":"Ukraine Crypto Airdrop Is Cancelled, NFTs Take Their Place","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ukraine-crypto-airdrop-is-cancelled-nfts-take-their-place","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/ukraines-airdrop-promoting-a-surge-in-microdonations\/\nhttps:\/\/www.thedistributed.co\/ukraine-government-confirms-airdrop-for-crypto-donors\/","post_modified":"2022-03-04 20:59:35","post_modified_gmt":"2022-03-04 09:59:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3766","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3646,"post_author":"1","post_date":"2022-02-28 19:09:26","post_date_gmt":"2022-02-28 08:09:26","post_content":"\n

                South Korean Ministry of Science and ICT are in \"fully-fledged support\" for the creation of an Extended Virtual World <\/em>ecosystem.<\/p>\n\n\n\n

                The ministry's official statement <\/a>pledged to donate over $223B Korean Won (US$186.7M) in an attempt to complete 4 main objectives.<\/p>\n\n\n\n

                1. Build A Platform<\/li>
                2. Fostering Professionals<\/li>
                3. Fostering Specialised Companies<\/li>
                4. Creating A Reliable Extended Virtual World Enviroment<\/li><\/ol>\n\n\n\n

                  With the completion of these objectives, the ministry will attempt to use its \"Metaverse\" to create a decentralized creator economy. With plans to expand the virtual growth of cities, education, and media.<\/p>\n\n\n\n

                  Above all, the ministry expects its metaverse to have a global influence. The metaverse will provide seamless access to South Korean companies over time. <\/p>\n\n\n\n

                  Together with financial and technological support to companies leading the expanded virtual world industry, South Korea aims to provide a lot of corporate support for developers.<\/p>\n\n\n\n

                  Meanwhile, a broad government council is in the works to tackle issues in the virtual space. Issues such as personal information and intellectual property protection, and supervision of illegal acts.\u00a0<\/p>\n\n\n\n

                  \"We will spare no effort to support domestic companies, young developers, and creators so that they can find new growth opportunities in the infinite digital economy territory created by the expanded virtual world and open up a healthy expanded virtual world.<\/strong>\u201d<\/p>Park Yun-gyu, Head of Information and Communication Policy, Ministry of Science and ICT<\/strong><\/cite><\/blockquote>\n","post_title":"South Korean Government To Invest $187M Into The Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-government-to-invest-187m-into-the-metaverse","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:46","post_modified_gmt":"2023-04-11 02:53:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3646","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3564,"post_author":"1","post_date":"2022-02-23 19:11:54","post_date_gmt":"2022-02-23 08:11:54","post_content":"\n

                  A vending machine in New York has launched and it sells nothing?<\/p>\n\n\n\n

                  NFT Platform, Neon<\/a>, has launched the first NFT vending machine in the world in New York City's Financial District.<\/p>\n\n\n\n

                  The machine accepts both debit and credit cards, before dispensing a box with a QR code inside. This QR code is technically your NFT, all you have to do is scan it through Neon's App. Once scanned the NFT will show up in your digital wallet, although the wallet is not required to purchase.<\/p>\n\n\n\n

                  \"\"
                  Credit: Neon<\/figcaption><\/figure>\n\n\n\n

                  Why A Vending Machine?<\/h2>\n\n\n\n

                  In order to make NFTs more accessible to the public Neon\u2019s machine doesn\u2019t require any cryptocurrency. This allows for the public to buy an NFT without having to sign up prior to doing so. <\/p>\n\n\n\n

                  Purchasing an NFT can be a daunting task to those not familiar with Web 3 and Blockchain. Neon hopes to \"bring digital art and collecting to the largest possible audience\". An NFT vending machine is surely one way to attract a lot of attention.<\/p>\n\n\n\n

                  Jordan Birnholtz, CMO and co-founder of Neon states that \u201cwhile only 2% of Americans have digital wallets, 80% have a credit card or debit card,\u201d adding that \u201cNeon started with fiat because our mission is unique, to bring digital art and collecting to the largest possible audience,\u201d<\/p>\n","post_title":"World's First NFT Vending Machine Launched In NYC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"worlds-first-nft-vending-machine-launched-in-nyc","to_ping":"","pinged":"","post_modified":"2022-02-23 19:11:57","post_modified_gmt":"2022-02-23 08:11:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3564","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3413,"post_author":"1","post_date":"2022-02-08 21:35:14","post_date_gmt":"2022-02-08 10:35:14","post_content":"\n

                  The Recording Industry Association of America (RIAA) calls for an end to \"bogus\" NFT site HitPiece<\/a>'s infringement of artists' rights. The cease and desist was forwarded<\/a> to the attorneys of HitPiece on February 4th, 2022.<\/p>\n\n\n\n

                  The RIAA insists HitPiece stop infringing on the intellectual rights of the musicians for selling NFTs of their music without the consent of the original artists. This is nothing new, HitPiece has been criticized in the past by both artists and fans for the same reason. After an apology<\/a> from the company on February 2nd, this wasn't enough.<\/p>\n\n\n\n

                  The line was crossed and the FIAA decided to step in to take legal action and show that there is no playing around in this industry.<\/p>\n\n\n\n

                  \u201cHitPiece appears to be little more than a scam operation designed to trade on fans\u2019 love of music and desire to connect more closely with artists, using buzzwords and jargon to gloss over their complete failure to obtain necessary rights. Fans were led to believe they were purchasing an NFT genuinely associated with an artist and their work when that was not at all the case. While the operators appear to have taken the main HitPiece site offline for now, this move was necessary to ensure a fair accounting for the harm HitPiece and its operators have already done and to ensure that this site or copycats don\u2019t simply resume their scams under another name.\u201d<\/strong><\/em><\/p>Ken Doroshow, RIAA Chief Legal Officer<\/cite><\/blockquote>\n","post_title":"NFT Platform HitPiece Receives Cease And Desist Letter From Recording Industry Association","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nft-platform-hitpiece-receives-cease-and-desist-letter-from-recording-industry-association","to_ping":"","pinged":"","post_modified":"2023-04-11 12:55:43","post_modified_gmt":"2023-04-11 02:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3413","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3398,"post_author":"1","post_date":"2022-02-06 23:17:56","post_date_gmt":"2022-02-06 12:17:56","post_content":"\n

                  A home in Gulfport, Florida will be auctioned off as an NFT. Real Estate Technology company, Propy<\/a>, will be minting the property through a digital auction<\/a>. The NFT will hold the rights to the house, in a digital form, while also serving as the LLC. This will protect the rights and ownership of the property. <\/p>\n\n\n\n

                  This will be the second property to be sold as an NFT by Propy, following the sale<\/a> of TechCrunch founder, Micheal Arrington's, Kyiv Apartment for 36 ETH.<\/p>\n\n\n\n

                  Why Sell A Property As An NFT?<\/h2>\n\n\n\n

                  The current owner of the property, Leslie Alessandra, stated she chose to list the home as an NFT to demonstrate the use of evolving technology. <\/p>\n\n\n\n

                  \u201cIs this just hype or is there a real world application? (The auction) is really to stimulate conversation,\u201d<\/em><\/strong><\/p>Leslie Alessandra on Tampa Bay Times<\/a><\/cite><\/blockquote>\n\n\n\n

                  Whats The Paperwork Like?<\/h2>\n\n\n\n

                  The legal landscape of asset ownership has had to evolve quickly in the past few years to accommodate the adoption of digital assets, and this is no exception. <\/p>\n\n\n\n

                  Any purchase of a property must be recorded in the county's recorders office, this is to facilitate the transfer of ownership rights. A legal entity must exist to transfer the property to, which is where NFTs are used in more public scenes, representing an LLC.<\/p>\n\n\n\n

                  <\/div>\n\n\n\n

                  --> The sale takes place on the 8th Of February, with over 2000 people signed up to witness the first sale of a house as an NFT in the U.S.<\/p>\n","post_title":"Florida Home Listed For Sale, As An NFT","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"florida-home-listed-for-sale-as-an-nft","to_ping":"","pinged":"","post_modified":"2022-02-16 21:44:00","post_modified_gmt":"2022-02-16 10:44:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3398","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":1529,"post_author":"1","post_date":"2021-10-29 17:25:31","post_date_gmt":"2021-10-29 06:25:31","post_content":"\n

                  One of the largest art sales in history may have just taken place, CryptoPunk #9888 sold for $530 Million.<\/p>\n\n\n\n

                  Although, this is no more than just an elaborate hoax. See it is hard to trick people when you buy your own artwork, especially on a public blockchain.<\/p>\n\n\n\n

                  A Twitter bot tracking the sales of every CryptoPunk tweeted this on Thursday night shortly after 8 pm. <\/p>\n\n\n\n

                  \nhttps:\/\/twitter.com\/cryptopunksbot\/status\/1453872415591829504\n<\/div><\/figure>\n\n\n\n

                  You may wonder \"What makes this NFT worth half a billion dollars?<\/a>\" and the truth is, not much actually. <\/p>\n\n\n\n

                  Using Rarity<\/a> ranks its Rarity Score at a mere 136.49<\/a>, compared to Punk #7804 which actually sold for $7.57M and has a rarity score of 2329.18<\/a>.<\/p>\n\n\n\n

                  Due to the fact this punk lacks desirable features from a collectors perspective, it quickly attracted attention to how it could sell for this sum of money. <\/p>\n\n\n\n

                  A look at the Ethereum Blockchain Ledger shows that it was nothing more than smart, smart contract trickery.<\/p>\n\n\n\n

                  \nhttps:\/\/twitter.com\/nanexcool\/status\/1453874296812670976\n<\/div><\/figure>\n\n\n\n

                  Why Would You Buy Your Own NFT?<\/h2>\n\n\n\n

                  The purchase was made using a flash loan contract, essentially this is a loan that is repaid immediately. <\/p>\n\n\n\n

                  The owner of this Punk bought his own Cryptopunk and instantly paid back his loan, using smart arbitrage he bought millions of eyes onto his NFT for only $800 in Ethereum Gas Fees.<\/p>\n\n\n\n

                  Is this purely genius marketing to a not so spectacular Cryptopunk?<\/p>\n","post_title":"What's Behind The $530M CryptoPunk #9998","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptopunk-9998","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:56","post_modified_gmt":"2022-03-14 10:05:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1529","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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