Posts tagged with "ETH"

Nightclub Gif by Reb Czukoski for use by 360 Magazine

MERGING VERSES NFT

The future of fashion is the merging of two verses, the virtual world (metaverse) and the physical world. We explore this through the unity of traditional photography and animation—where humans and AI co-exist.

The NFT world is something that is growing and still confusing for many people not directly involved in the producing and purchasing of these new age art pieces. 360 MAGAZINE was able to interview several people directly involved in the production side of NFTs, including producer and model Bee Davies and photographer Jacques Burga.

Interview with Bee Davies

  • What made you become interested in NFTs?

I became interested in NFTs when I started doing virtual production and realized that there was no marketplace for digital art. More than that, there was no fan base. We know famous photographers and people who collect their photographsbut there’s not the same kind of hype surrounding animators. An NFT marketplace not only legitimizes their work, but provides a platform that opens up the door for a whole new kind of collector.

  • How do you respond to people suggesting NFTs are overly expensive and pointless?

Couldn’t you say that about all collectibles? Digital art, like any art, is meant to be enjoyed; the NFT marketplaces and wallets allow you to do that much more easily.

  • What is your favorite NFT?

The one I produced with Jacques for 360, because it exemplifies the merging of the real world and the metaverse.

  • Was it odd to see yourself become an NFT?

Not at all. Since the dawn of social media we have all had virtual versions of ourselves, this is just an overt way of expressing it.

  • What are your biggest artistic inspirations?

I would like to create and produce a completely virtual fashion show for the industry’s top fashion houses (this means AI talent, virtual runways, and digital clothing/accessories…as well as an audience attending in VR). And of course, mint every bit of the digital experience so it can be enjoyed in the metaverse for eternity.

  • What are some upcoming projects you’re looking forward to?

I have a bunch of NFTs that will be dropping soon that I’ve collaborated on with different animatorssome of which feature the actors from the SciFi TV Pilot I created.

Interview w/ Jacques Burga

  • What made you become interested in NFTs?

It’s a whole new way of making business. I enjoy pushing boundaries when it comes to projects related to my field. It also makes me feel there’s always a next step to follow and to explore disciplines that I wasn’t precisely an expert in.

  • How do you respond to people suggesting NFTs are overly expensive and pointless?

To keep the mind open to new ways of mixing technology and creativity may be good advice.

  • What are your inspirations as a photographer?

I am inspired by People and Beauty

  • Why did you decide to blend photographic elements with virtual ones?

Our world has become very virtual. Photography gets elevated when it’s blend with other disciplines such as Art or Technology (virtuality.)

  • What is your relationship with digital artwork?

I’m working on digital projects related to Fashion and NFT. My relationship is continuously growing.

  • When did you become interested in photography?

When I left an internship at a high profile magazine in Paris and decided to become independent and nurture my desire to create fashion.

  • What, in your opinion, is your best piece of artwork/photography?

I cherish every project since it is composed of pieces that create a nice puzzle for me.

  • What projects can we expect to see from you in the future?

I will always want to explore and collaborate with new technologies and artists that share my vision of fashion and people.

NFTs available on OpenSea.

MEET THE TEAM

Media Partner: 360 MAGAZINE

Studio: Daylight Studio

Producer: Bee Davies / Hive Global Media

Photographer: Jacques Burga

Make-up Artist: Sarah Tweedy

Hair Stylist: Christine McManemi

Wardrobe Stylist: Yash Joshi

NFT Marketplace: Opensea

Digital Designer: Edward Harber

Model: Bee Davies 

Animator: Vizzee

Virtual Model Creator: Vizzee

Metaverse Creators: Vizzee / Mercedes Luna Larrahona / Zoë Jane Bernet

PA: Stefanie Murza / Aleko Syntelis

nft image for use by 360 magazine
nft image for use by 360 magazine
nft image for use by 360 magazine
nft image for use by 360 magazine
nft image for use by 360 magazine
nft image for use by 360 magazine
Cryptocurrency illustration by Heather Skovlund for use by 360 Magazine

Ethereum adds over 5 million new unique addresses in 30 days

The world’s largest smart contract development platform, Ethereum (ETH), has added over 5 million more unique addresses in just 30 days as the asset continues to gain momentum ahead of its scheduled EIP-1559 upgrade.

According to data compiled by Finbold, Ethereum added 5.37 million new unique addresses in the last 30 days (June 6th, 2021 – July 6th, 2021). This means that on average, the Ethereum network added 173,235 new unique addresses daily.

The total number of distinct Ethereum addresses has grown to 162,231,196. Lately, ETH has indeed experienced a drive-in demand, which has contributed to its cumulative address growth after the asset experienced massive capital outflows last month.

ETH demand on the rise 

Recently, Celsius Network CEO Alex Mashinsky stated that Ethereum ‘flippening’ Bitcoin is happening now and will become more widespread. Broader adoption of Ethereum is expected as Mashinsky believes that layer two solutions will fix ETH’s issues in the near future.

ETH 2.0, on the other hand, will be a substantial and gradual enhancement on layer two solutions, but both systems will function in tandem in the future, according to Mr. Mashinsky.

A week ago, Ethereum overtook Bitcoin in total daily active addresses for the first time in crypto history, suggesting that demand for the world’s second-largest cryptocurrency is rising. The active addresses on a crypto network show the total number of senders and receivers for a given coin.

Since Ethereum has notably surpassed Bitcoin in terms of daily active addresses, it might signal that the world’s second-largest cryptocurrency by market capitalization is on its path to becoming the most popular.

For example, U.S. investment bank Goldman Sachs, considers the Ethereum blockchain network to have the capability to usurp Bitcoin as the main store of value cryptocurrency.

The multinational financial institution believes that ether’s use cases now have the most “potential,” as it is the most popular smart contract development among the crypto community, according to a Business Insider report published on Tuesday,

Ethereum EIP-1559 upgrade

On August 4th, the long-awaited London EIP-1559 upgrade for the Ethereum network will commence.

In a block activation proposal on Github on July 6th, Ethereum principal developer Tim Beiko stated on Twitter the mainnet upgrade will take place around block 12,965,000.

Since the mainnet upgrade is scheduled to deploy at block 12,965,000, the London hard fork will take place on August 4th, rather than the mid-to-late July date as expected initially. If the different Ethereum client teams agree to the proposal, the target will become official.

Before deciding on a mainnet launch date, developers are monitoring the testnets to see how the updates function.

On June 24th, the first block was generated on the Ropsten testnet, and the hard fork was deployed to the Goerli testnet on June 30th, and the final Rinkeby testnet launch is scheduled for today.

Deployment of the deflationary Ethereum upgrade

The London upgrade named after the second-annual Ethereum development conference, which took place in 2015, is intended to bring the network into a deflationary mode; however, the EIP-1559 upgrade will not necessarily result in lower gas fees.

EIP-1559 upgrade modifies the auction process for the charge calculation structure and burns a portion of the transaction fees. The upgrade will cause asset deflation over time, which will increase once mining ends, and proof-of-stake becomes the dominant consensus method later next year. ConsenSys, an Ethereum software solutions business, estimates that the yearly ETH supply will be cut by 1.4%.

On the Ropsten testnet; a web page has been put up to observe this in action, it burnt 89,148 ETH during the brief testing time, which is almost $208 million at current rates.

The Goerli testnet has burned 79 ETH, while the Rinkeby testnet is anticipated to debut on July 7.

Find full stats and information here.

Cryptocurrency illustration by Heather Skovlund for 360 Magazine

Cryptocurrency × NTFs

By: Heather Skovlund-Reibsamen

Cryptocurrency × NTFs

In recent news, Tautachrome Inc. has announced its patent attorney’s opinion on the early applicability of its KlickZie patents. The KickZie application will enable users to capture images that are invisibly marked and verified as the original. The owner of the image or video will have the ability to use, sell, and monetize their images. A simple tap on the image will allow users to communicate with the image’s author or others currently viewing the image. The patent is among many in the market of NFTs (Non-Fungible Tokens).

Cryptocurrency Breakdown:

Understanding cryptocurrency can be a headache! It is best to research thoroughly before investing your hard-earned money into just any digital asset. Let’s start with the basics: what is cryptocurrency?  Crypto, crypto currency, or cryptocurrency is a digital asset designed to work as a medium of exchange where individual coin ownership records are stored in a ledger existing in a form of computerized databases using strong cryptography to secure transaction records, control the creation of additional coins, and to verify the transfer of coin ownership. Now, cryptocurrency does not exist in a physical form, like your wallet filled with dollar bills.

Crypto Coins – Altcoins: Tokens, cryptocurrencies, and other forms of digital assets that are NOT bitcoin are known as alternative cryptocurrencies.

A few examples:

  • Peercoin
  • Litecoin
  • Dogecoin
  • Auroracoin
  • Namecoin

Tokens: Created and given out through an Initial Coin Offering, or ICO – much like a stock offering. Crypto tokens are a blockchain account that can provide functions other than making payments. Tokens are usually issued within a smart contract running on top of a blockchain.

  • Value tokens (Bitcoins)
  • Security tokens (to protect your account(s))
  • Utility tokens (designated for specific uses)

What does it mean when a cryptocurrency forks?

Sometimes a cryptocurrency will ‘fork’ and yes, that does sound confusing. It can be broken down into Forks, Hard Forks, or Soft Forks. Forks can be classified as accidental or intentional. An accidental fork happens when two or more miners find a block at the same, or almost same, time. The fork is then resolved when subsequent blocks are added and one of the chains becomes longer than the alternative. The network then abandons the blocks that are not in the longer chain, then referred to as orphaned blocks.

Hard Fork: A hard fork happens if a protocol or rule is changed so that the old protocol version is no longer valid.

Soft Fork: A soft fork occurs when a protocol or rule is changed, and the old version accepts the new version; enabling it to continue working.

What exactly are NTFs?

 A non-fungible token is a unit of data within a digital ledger called a blockchain. This is where each NFT can represent a unique digital item and are not interchangeable. A blockchain is a growing list of records (blocks), that are linked using cryptography. Each block has a cryptographic hash (a mathematical algorithm that maps data), a timestamp, and transaction data.

NFTs can be used to represent digital files such as audios, art, collectibles, sports, pornography, video games, and other forms of creative work. While copies can be made of these creative means, the NFTs representing the original are tracked on their underlying blockchains; therefore, providing the buyers with proof of originality and ownership.

In order to create an NFT, a file is uploaded to an NFT auction market. This creates a copy of the file recorded on the digital ledger as an NFT. This enables it to be bought with cryptocurrency and then resold. The artist can sell an NFT representing the work and still retain the copyright to the work as well as create more NFTs of the same file.

In addition, the buyer of the file does not gain exclusive access to the work or the original digital file. Unfortunately, a seller does not have to prove that they are the original artist either. There have been many cases where are was used for NFTs without the true artist’s permission.

Most Common Types of Cryptocurrency

Bitcoin: Invented in 2008 by a person or group using the name Satoshi Nakamoto. The currency began being used in 2009 when its implementation was released as open-source software. Bitcoin was the first decentralized cryptocurrency leading the way for many others in the years to come. Bitcoins were created as a reward for a process known as mining (record-keeping service done electronically). Bitcoins can be exchanged for other currencies, products, and services.

Bitcoin Cash: A spin-off or altcoin of Bitcoin that was created in 2017 eventually splitting into two cryptocurrencies – Bitcoin Cash and Bitcoin SV. Bitcoin Cash is one of the most popular types of cryptocurrency on the market and holds a block size of 8MB. To compare, Bitcoin’s block size is just a mere 1MB. This means Bitcoin Cash processes at faster speeds for its users.

Litecoin: A peer-to-peer cryptocurrency and open-source software project released under the MIT/X11 license. Litecoin is nearly identical to Bitcoin. Created by Charlie Lee to improve on Bitcoin technology, with shorter transaction times, lower fees, and more concentrated miners. In May 2017, Litecoin became the first of the top 5 cryptocurrencies to adopt Segregated Witness – a soft fork implementation change in the transaction format of Bitcoin.

Ethereum: A decentralized, open-source blockchain with smart contract functionality developed by Vitalik Buterin. Ether (ETH) is the native cryptocurrency of the Ethereum platform. It is the second-largest cryptocurrency by market capitalization. Ethereum is also the most actively used blockchain. It focuses on decentralized applications (phone apps) – almost like an app store. Ethereum looks to return control of apps to its original creators instead of the middlemen (like Apple, for instance). The token name is Ether, which is used as currency by app developers and users.

Ripple: A real-time gross settlement system, currency exchange, and remittance network created by Ripple Labs Inc.  Ripple was released in 2012 upon a distributed open-source protocol that supports tokens representing fiat currency, cryptocurrency, commodities, or other units of value (frequent flier miles, for example). Ripple is geared more towards large companies and corporations than it is for individual users. Ripple is well known for its digital protocol because it allows large amounts of money in any form to be transferred.

How Bitcoin can Positively Impact Your Small Business

Bitcoin (BTC) is the most popular cryptocurrency that is present in blockchain technology. This means all the transactions that are made with bitcoin are stored in a ledger that consists of different blocks in the blockchain. The majority of the people only heard about bitcoin, but they don’t know about it in detail. Also, there are plenty of aspects related to BTC which you must know in order to make a deal with it. 

Bitcoin trading is the act of buying bitcoin at a low rate and then reselling it at a higher rate to make profits via the margin. It’s crucial to choose a reputable platform. There are numerous platforms present, and among them, all the best one is the https://bitcointrader2.com. It’s well known for Ethereum (ETH) trade but its facilities also trade other cryptocurrencies. By making a deal with BTC, everyone becomes able to trade it and gains the potential to earn from it. Everyone needs to understand the importance of the platform they use while performing BTC trade.

Major impacts of Bitcoin on small businesses

The main impacts that the Bitcoin can have on small businesses are:

Reduce the risk of transaction fraud

One of the major impacts of bitcoin on small businesses is that by accepting it as payment, the risk of fraud or cyber threats are reduced. The entire payment process is based on blockchain technology which provides high-level security. Also, as it is a digital payment system, so there’s no risk of losing money like when you have cash in your pocket.

Transaction speed is fast, and fees are low

When small businesses invest in bitcoin, they receive low fees on all transactions. Whether the transactions are huge, the amount of fees remains low, and there is no tax required. The transactions made with BTC are also completed fast. They require only 2-3 seconds, unlike in the case of other currencies that require a few days.

Acquisition of new customers

When small business start accepting bitcoin payments, they tend to gain more customers. It’s because the number of people who are investing and trading cryptocurrencies are increasing day by day. They are in search of the best platforms for investing or making purchases. 

Negligence of paperwork of all kinds

There is no need to make a deal with any kind of paperwork which they have to pay with other currencies in the bank, etc. Its because it is a digital payment system, so users only have to require their wallet and the right address at which they have to make payments.

Easy access to the world market

Once a business starts accepting bitcoin payments, it gains access to the word market easily. Bitcoin helps them to save time and money on transactions, which is more time and money to use to grow your business.

Bitcoin can Benefit Your Business

Trading Bitcoin can be a daunting task. It’s important for people to learn about the basics of trading Bitcoin to get top-notch results. Moreover, individuals should take time to learn tips and strategies to become successful in bitcoin trading.

The most important thing for beginners to pay attention to is selecting the most reputed exchange for buying BTC as well as choosing the best trading platform. You need to look for a reputed and reliable platform where you are getting top-notch services. Using this knowledge you can make good profits but easily improve your business.