Crypto enthusiasts spent $4 million on a Wu-Tang Clan album — here's what they might actually do with it The single-copy album, Once Upon a Time in Shaolin, was sold to crypto collective PleasrDAO by the U.S. government. The album had been seized from its previous owner, drug company founder Martin Shkreli, to pay a forfeiture debt. Joon Ian Wong 10.29.21 7:55 PM Crypto
Blockchain-based games are now letting users “play to earn.” Here’s why that makes Silicon Valley VCs so excited Axie Infinity creator Sky Mavis, a pioneer in the new crypto-gaming model, is now backed by Andreessen Horowitz, Accel and Paradigm. Joon Ian Wong 10.22.21 4:38 PM Crypto
Why dogma and in-fighting is keeping Bitcoin maximalists from agreeing on the cryptocurrency’s future The once united front of “Bitcoin maximalists” — hardcore enthusiasts who have advocated for Bitcoin to be the sole form of crypto — is starting to fracture on certain issues. Joon Ian Wong 10.21.21 7:50 PM Crypto
DAOs are crypto’s answer to venture funds — here’s why they’re the next big thing After solving for trust and creating “trustless” money, crypto’s next big thing is solving coordination using DAOs. At least, that’s what some cryptorati seem to think. Joon Ian Wong 9.28.21 2:00 PM Crypto
An OpenSea staffer’s misconduct shows getting away with NFT insider trading isn’t as easy as you think Nate Chastain’s misdeeds weren’t uncovered by a government investigator. They were discovered by a random person on Twitter. Joon Ian Wong 9.24.21 4:02 PM Crypto
Why Loot, where users pay thousands to "own" fantasy swords and tomes, is the hottest new NFT project The hottest NFT project of late is just lines of text, referencing items like "divine hoods" and "studded leather gloves." It has sparked the whole ecosystems of creative endeavors. Joon Ian Wong 9.14.21 9:30 PM Crypto