4 Matching Annotations
  1. Jan 2023
    1. The LibNFT Project: Leveraging Blockchain-Based Digital Asset Technology to Sustainably Preserve Distinctive Collections and Archives

      CNI Fall 2022 Project Briefings

      YouTube recording

      K. Matthew Dames, Edward H. Arnold Dean, Hesburgh Libraries and University of Notre Dame Press, University of Notre Dame, President, Association of Research Libraries

      Meredith Evans, President, Society of American Archivists

      Michael Meth, University Library Dean, San Jose State University

      Nearly 12 months ago, celebrities relentlessly touted cryptocurrency during Super Bowl television ads, urging viewers to buy now instead of missing out. Now, digital currency assets like Bitcoin and Ethereum are worth half what they were this time last year. We believe, however, that the broader public attention on cryptocurrency’s volatility obscures the relevance and applicability of non-fungible tokens (NFTs) within the academy. For example, Ingram has announced plans to invest in Book.io, a company that makes e-books available on the blockchain where they can be sold as NFTs. The famed auction house Christie’s launched Christie’s 3.0, a blockchain auction platform that is dedicated to selling NFT-based art, and Washington University in St. Louis and the University of Wyoming have invested in Strike, a digital payment provider built on Bitcoin’s Lightning Network. Seeking to advance innovation in the academy and to find ways to mitigate the costs of digitizing and digitally preserving distinctive collections and archives, the discussants have formed the LibNFT collaboration. The LibNFT project seeks to work with universities to answer a fundamental question: can blockchain technology generally, and NFTs specifically, facilitate the economically sustainable use, storage, long-term preservation, and accessibility of a library’s special collections and archives? Following up on a January 2022 Twitter Spaces conversation on the role of blockchain in the academy, this session will introduce LibNFT, discuss the project’s early institutional partners, and address the risks academic leaders face by ignoring blockchain, digital assets, and the metaverse.

    1. crypto kitties was probably one of the  first nft projects to make it into the spotlight

      Crypto kitties as the first NFT project

      Each kitty image was a token—a "non fungible" token. It was traded as an asset; people bought them expecting them to go up in value. The supply outgrew demand and the market crashed.

  2. Jul 2022
    1. While we are in the process of updating our Minecraft Usage Guidelines to offer more precise guidance on new technologies, we wanted to take the opportunity to share our view that integrations of NFTs with Minecraft are generally not something we will support or allow. Let’s have a closer look!

      Above-the-fold statement on NFTs in Minecraft

  3. May 2022
    1. over the past decade and change a dynamic ecosystem has developed around cryptocurrencies and blockchains. And it’s constantly getting more complicated. We’ve now got non-fungible tokens, or NFTs, unique digital bits purchased with crypto that have mostly been associated with weird pieces of digital art and are an arena that looks very much like a bubble. There are stablecoins, cryptocurrencies that are supposed to be less volatile, pegged to something like the US dollar. There’s also the burgeoning world of decentralized finance, or DeFi, which tries to replicate a lot of the financial system but without intermediaries, and there are decentralized autonomous organizations, or DAOs, essentially internet collectives. Now, much of this is falling under the still-nascent umbrella of Web3, a relatively fuzzy reimagining of the internet on blockchains.

      Putting it all together.