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SEC Issues Wells Notice to Opensea, Alleging NFTs on the Marketplace Are Securities

[Aug 28 10:10 PM] The U.S. Securities and Exchange Commission (SEC) has issued a Wells notice to Opensea, signaling potential enforcement action against the NFT marketplace. Opensea’s CEO criticized the SEC’s move, claiming it could negatively impact…

Blockchain Firm Raises Millions From Andreessen Horowitz, Paris Hilton to Help Monetize AI Mashups

[Sep 7, 2023 1:30 AM] Investors led by Andreessen Horowitz have backed a company that has set out to help content creators monetize their work in the age of artificial intelligence (AI). The tech firm intends to employ blockchain technology to track remixes and mashups…

Tech Industry Leaders Call for AI Labs to Pause Development for Safety, Coinbase CEO Disagrees

[Mar 31, 2023 4:30 PM] This week, 2,600 tech industry moguls and entrepreneurs, including Elon Musk, Gary Marcus, and Steve Wozniak, signed an open letter requesting artificial intelligence (AI) labs to pause research and development for six months. The signatories…

Meta Winding Down Support for NFTs on Facebook, Instagram

[Mar 15, 2023 1:30 AM] U.S. tech giant Meta is giving up on operations with non-fungible tokens (NFTs) amid ongoing turbulence in the crypto space. The company allowed creators to share digital collectibles on its leading social media platforms last year. Meta Platforms…

NFT Creators Investigated in Israel for Alleged Tax Evasion

[Mar 6, 2023 1:30 AM] Israel’s tax authority is after two creators of non-fungible tokens (NFTs) suspected of failing to report almost $2.2 million in revenue. The news of the investigation comes after the recent arrest of a graphic designer from Tel Aviv accused…

What is the network effect?

[Feb 19, 2023 5:13 PM] Crypto’s value increases with more users, creating a positive feedback loop due to the network effect.

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