Posts tagged with "Non-fungible tokens"

Lauren Hurley/ Lauren Hurley Creative x Sator/ Project Chimps for use by 360 Magazine

Sator × Project Chimps

Sator has just announced its partnership with one of the most recent chimpanzee sanctuaries, Project Chimps. The collaboration includes the launch of a sequence of Non-Fungible Tokens (NFTs) on the Sator app. Each chimp at Project Chimps will receive their own specially minted NFTs, and all proceeds will be returned back to the sanctuary.

The Project Chimps sanctuary is located in the Blue Ridge Mountains of north Georgia, where former research chimps are given lifelong refuge and rehabilitation. Home to 82 chimps today, Project Chimps aims to grow these numbers and provide more chimps with accessible care. To learn more about the chimps, visit ProjectChimps.org.

With the announcement of the collaboration, this supports the sanctuaries’ goal to assist more chimps in the future. The proceeds accumulated through the purchase of the NFTs go directly back to the sanctuary, providing more resources for better care of the chimps and to house more chimps in the future.

The NFTs will be released in a sequence of groups. The first collection drop is “The 5 Alphas.” “The 5 Alphas” include the heads of the 5 separate family units at the Project Chimps sanctuary: Binah, Bo, Kareem, Kirk and Patrick. “The 5 Alphas” NFTs can be accessible now through the Sator app. There are around 5,000 NFTs for each individual Alpha offered.  NFTs can be bought through Sator’s native token (SAO) for roughly $5 each.

Sator’s President Chris Martin speaks on the significance of the collaboration between the two teams. Martin states, “We are honored that Project Chimps chose Sator to launch their first-ever NFT campaign in support of the sanctuary’s efforts to provide care to the retired research chimpanzees. We see it as a creative way to bring awareness to their mission and we’re very excited to be a part of it.”

A feature apart of the Sator app allows users to diverge into various realms to earn crypto tokens through playing games and connecting with content. These crypto tokens can be substituted for NFTs in the app. The app also allows users the opportunity to conversate with other users around the world.

To download the Sator dApp:

iPhone: visit HERE

Android: visit HERE

Twitter’s Future with Bitcoin

By: Sean Fontno, Elle Grant × Vaughn Lowery

Jack Dorsey always had a niche for technology. Back in 2000, he thought to himself, “What if you could share your status with all your friends really easily, so they know what you’re doing?” 6 years later, Jack Dorsey posted the very first tweet: “just setting up my twitter,” and became the company’s chief executive officer. In 2010, Dorsey started investing in the social networking company Foursquare and launched “Square.” Square lets people receive credit card payments through a mobile phone or computer. With his knowledge of social media and Square, it doesn’t seem like much of a surprise for Dorsey wanting to bring Bitcoin and Twitter together, creating something that can quickly connect people and their money.

What is Bitcoin? It’s a currency created back in 2009 by an unknown person using the false name of Satoshi Nakamoto. Have you ever been to the arcade or to the casino and received tokens or chips? Similarly, you must exchange real currency for cryptocurrency. Cryptocurrency is a digital currency that’s just like the normal United States Dollar (USD) but is protected by cryptography, which makes it impossible for scammers to attack this form of currency. It allows you to make payments online and money is easily moved place to place, account to account, with no credit card fees. With cryptocurrency being decentralized, YOU own that money. 

Along a contributing factor to this evolution in currency technology are NFTs. NFTs (non-fungible tokens) are the tokens used to buy things in cryptocurrency. NFTs helps the owner, artist, etc, earn a percentage of all the sales. It protects the unique original work being sold because in this day in age, everything is being used for something and wouldn’t you want your rightly earned money for that? They create an immutable record, keeping note of every sale. It’s the new modern step to your work or business. All you need is a smart device and an internet connection, and with just those two things, Dorsey’s goal to reach a worldwide audience will definitely be achieved. Especially as there are already 192 million daily active users on Twitter. 

Jack Dorsey sees a new chance to bring cryptocurrency into Twitter in the modern moment. Dorsey, who has been supporting Bitcoin for years, even discussed with his investors about the next steps. He told them it would help the company keep up with new market strategies. He explains how the native currency can help them move products like Super Follows, Commerce, Subscriptions, and Tip Jar. Dorsey sees this as an opportunity to “…reach every single person on the planet,” instead of doing the regular market-to-market approaches. So, Dorsey’s goal to always stay connected with people continues to be in play.

Bringing Bitcoin to Twitter seems like it will give businesses from small to big an option to increase profits and reach more audiences. With Bitcoin, you can create your own fees, avoid fraud, and kiss “three business days” goodbye! Having these benefits accessible on Twitter could be the next step for the social media of the future. 

wonderquest image for use by 360 magazine

ALISON WONDERLAND – WONDERQUEST

Australian EDM producer and DJ Alison Wonderland (AW) ventures into the realm on NFTs (non-fungible tokens) with her blockchain project, The WonderQuest. The project launched on Sunday, July 25 on Decentraland, a blockchain-based 3D virtual reality platform. The fantasy-inspired project allows investors to purchase a dragon egg as an NFT from the WonderTown market. A ‘hatching event’ will occur at the end of the on-sale period this coming Tuesday, August 3 at 3pm PT.

Each egg is .0888 Ethereum (Eth) and over 6,500 have been sold. 3,500 eggs are left to be minted. All eggs will be sold before The Hatching event. After the hatching event, the egg owner has the option to either hatch the egg or not to hatch, allowing owners to interact with the fantasy realm.

Many first-time NFT and crypto holders’ purchases have been made by AW fans to participate. Many large NFT owners who have not heard of AW have also been drawn to this project because of its utility. Some large crypto holders have even purchased eggs for AW fans who can’t afford an egg. It’s been positive experience, and a new community has been built regarding the project’s discord.

So far, sales for the NFT are at $1.7 million. The full extent of the WonderQuest earnings are to be revealed after the project ends.

“It starts with an egg. ‘What’s inside?’ ‘Do I hatch it?’ Questions only you can answer. Each egg is unique with its own ERC-721 Ethereum blockchain based token. The egg is an NFT, but so is what’s inside. You can either collect the NFT as a rare egg, or hatch it and reveal what’s within This is real and happening now. This project is not a placeholder for unfinished artwork. We’ve been designing and developing this project over hundreds of thousands of hours, and every detail has been carefully selected to bring to life the mystery of The Wonderquest.”

The WonderQuest is Alison Wonderland’s odyssey of exploration in the blockchain/digital world, a treasure hunt of experiences in the Metaverse. An opportunity awaits you to embark on a journey of epic proportions, incorporating virtual gift quests, discussions, and musical performances. For the first time ever, join AW’s odyssey, which features her music in a virtual landscape powered by blockchain technology. The adventure ahead will not only allow you to explore never-before-seen parts of the Metaverse, but also to interact with it in ways that were previously impossible.

Join Alison Wonderland by purchasing from a series of 10,000 unique, mysterious, and mystical eggs. Minting is totally random. There are 12 different breeds of differing rarity, all individual dragons. Hatch your egg or wait – the choice is yours. Unleash your creation upon this world or keep the power within.

The egg is the beginning of a long and wonderful journey. Together we quest. WonderQuest.

Find out more about WonderQuest via Decentraland.

Cryptocurrency illustration by Heather Skovlund for use by 360 Magazine

TAFI × Champion 2021 Spring Line

Tafi and Champion Athleticwear Expand Partnership to Showcase Champion’s 2021 Spring Line

Tafi and Champion bring new Spring Collection to life with NFTs and Avatar Content for Samsung AR Emoji

 Tafi, a leading creator of custom 3D content for avatar and emoji systems, and Champion Athleticwear today announced the availability of Champion’s 2021 Spring Collection for Non-Fungible Tokens (“NFTs”) and Samsung Galaxy’s AR Emoji.

Champion Athleticwear, makers of authentic athletic apparel since 1919, in partnership with Tafi brings Champion’s 2021 Spring Collection to life through NFTs and on Samsung’s AR Emoji. Through this partnership, the companies are leading the new wave of digital fashion and personalization.

The launch of Champion’s NFT Spring Collection auction will include iconic and exclusive Champion artwork as well as limited-edition avatars inspired by Champion. The companies are leveraging NFTs as an innovative way to share Champion’s 2021 Spring Collection.

The new digital content available on Samsung’s AR Emoji from Champion’s 2021 Spring Collection includes branded slides, sweatshirts, tees, joggers and more. The collection is available now in the Samsung Galaxy store.

“This is an incredibly exciting, transformative time in the digital world. We are just starting to scratch the surface on the benefits that NFTs unlock for the customer,” said Tyler Lewison, General Manager at Champion. “This NFT drop is an extension of our partnership with Tafi, which started last year in an effort to better reach our customers and make Champion accessible to them in a whole new way.”   

“At Tafi, our mission is to democratize access to personalized avatars and digital content,” said Preston Woo, Chief Strategy Officer of Tafi. “With this partnership, we’re not only making Champion’s 2021 Spring Collection available to Samsung AR emoji users, but we’re enabling the customer to digitally own unique pieces of Champion’s iconic collection through NFTs. We are thrilled to deepen our partnership with Champion given their leadership in innovation and quality.”

To check out the Tafi x Champion’s NFT Spring Collection, please go this website

About Tafi

Founded in 2019, Tafi’s mission is to make personalized avatars and branded digital content available to anyone and everyone who wants to level-up their digital personality. Tafi’s best-in-class avatar solutions are portable across platforms including mobile, gaming, XR, social media, messaging, and video communications. Tafi’s investors include Benchmark Capital, Columbia Capital, and Ponte Partners. Learn more at this website.

About Champion®

Since 1919, Champion Athleticwear has offered a full line of innovative athletic apparel for men and women including activewear, sweats, tees, sports bras, team uniforms, footwear and accessories. Champion uses innovative design and state-of-the-art product testing to ensure uncompromised quality and innovative apparel for its consumers. Champion Athleticwear can be purchased at department stores, sporting goods, specialty retailers, and at their website. For more information, follow Champion on Facebook, follow us on Twitter or Instagram. Champion is a brand of Hanesbrands Inc. (NYSE: HBI).

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.

Quantum Mirror by Adrian Stein Rendering courtesy of Carol Fox and Associates Public Relations for use by 360 Magazine

Adrian Stein – Quantum Mirror

World’s First Physical NFT Installation, “Quantum Mirror” by Adrian Stein, Debuts in Chicago. 

The Immersive Work Contextualizes the Nature of NFT Art in the Real World.

As NFTs Have the Capability to be Infinitely Reproduced, “Quantum Mirror” Explores the Concept of Infinite Consciousness in the Digital Era.

In recent months, Non-fungible tokens (NFTs) have rushed the cryptocurrency scene and taken the art world by storm. This new way of buying and selling digital art using blockchain technology has disrupted the art market and created overnight sensations out of formerly obscure artists such as Mike Winkelmann, also known as Beeple, who recently sold a collage of his digital works for the staggering sum of $69.3 million. Another rising artist in the new media art world, Adrian Stein, is unveiling what he describes as the world’s first immersive NFT installation in Chicago’s contemporary art gallery ARTSPACE 8.

“Quantum Mirror,” a 300-square-foot immersive installation, is an environment where the digital and physical worlds of art merge and multiply in a kaleidoscopic array created by over 150 mirrored surfaces. In-person visitors can see their own reflection infinitely juxtaposed alongside Stein’s digital works of human figures, which will be screened within the mirrored installation and accompanied by resonate soundtracks.

Stein’s digital art, available as NFTs that can be acquired via online marketplace Mintable, are displayed on screens in the center of the installation, representing the original copy of each NFT. These images are then reproduced within the geometrically mirrored walls, representing how NFTs exist online: they commonly have a single “original” with the ability to be infinitely duplicated. The installation acts as a physical representation of our virtual environment, using light and reflections to visualize how human consciousness and the economy have become entangled in a network of blockchains and social media.

Speaking to humanity’s deep dependence on technology, the installation lays inactive without its virtual core, in the same way as modern consciousness would be paralyzed without virtual connection – representing how everyday human life has crossed over to become a spectrum between raw humanity and cyborg consciousness.

“This work is meant to continue the conversation that Yayoi Kuzama began with her infinity rooms, by recontextualizing it into the digital world of artists like Beeple” said artist Adrian Stein. “As Kuzama’s work encourages the viewer to contemplate their place in the never-ending cosmos, “Quantum Mirror” encourages the viewer to contemplate their digital existence within the never-ending world online.”

The installation is viewable at ARTSPACE 8 on the third floor of 900 N. Michigan, starting March 20 through late April and viewable Monday through Saturday from 12:30 – 5:30pm at no charge. Online registration is required through this website, allowing ten people in the gallery at a time while following COVID-19 safety guidelines. More of Stein’s artwork can be viewed on Instagram.

ABOUT ADRIAN STEIN

Guatemalan-born, Chicago-based new media artist Adrian Stein seeks to understand how humans view themselves through the many mirrors viewed in everyday life which reveal the borders, glass walls, and masks built between one another in the process.

By representing the human form as a prismatic lens in constant shift, dynamically morphed and affected by the medium it is inhabiting, Stein’s work engages the concept that different states of consciousness give rise to different views of the self, elaborating on how perceived identities can create a hybrid existence that merges both virtual and physical personas.

Through the use of colloquial digital languages and visual commonalities, he seeks to create an aesthetic medium to reveal how his own duality as a Guatemalan-born American has given rise to a hybrid identity, forcing him to exist in both places at the same time.

ABOUT ARTSPACE 8

The 14,000 square foot gallery is located in Chicago’s Gold Coast neighborhood, specializing in contemporary fine art showing a number of paintings, prints, sculpture, and works on paper from emerging and established artists, based both locally and abroad. ARTSPACE 8 prides itself on taking a democratic approach to its affluent surroundings, engaging experienced collectors and the masses alike in the viewing and collecting of intriguing artworks through highly-curated exhibitions and events.

Quantum Mirror by Adrian Stein Rendering courtesy of Carol Fox and Associates Public Relations for use by 360 Magazine Quantum Mirror by Adrian Stein Rendering courtesy of Carol Fox and Associates Public Relations for use by 360 Magazine