Crypto News

Greek Artist Sends Pro-Freedom Message with Assange NFT Drop

Esteemed artist Miltos Manetas will tokenise 50% of his Julian Assange portraits, with the goal of raising awareness for the imprisoned activist. To further cement the blockchain connection, proceeds of the NFT drop will enter a DAO that forms part of the Venice Biennale Festival’s Internet Pavilion, a tech tent founded by Manetas in 2009. Named This Cannot Be Erased, the special collection of 111 NFTs will grant buyers access to one-of-one digital versions of hand-painted portraits created by Manetas over the last two years. The collection will be divided into three phases during which 37 tokens are to be minted on the Materia blockchain, starting June 23. This year’s Venice Biennale, now in its 59th year, runs from April 23 to November 27. While the majority of tents at the festival are reserved for countries, the Internet Pavilion is dedicated to Assange under the theme “AIIA – Assange is Internet Internet is Assange.” Manetas Aims to Leverage #AssangePower This Cannot Be Erased was produced by Manetas with support from long-time collaborator Howie B, a British composer who scored the original Internet Pavilion event thirteen years ago. Back then, Manetas and curator Jan Aman stirred controversy by inviting a number of people involved with activist website The Pirate Bay to Venice to inaugurate the Embassy of Piracy. The latest collection develops Manetas’ interest in freedom in the internet age, with the artist having continually voiced his support for a man he regards as a close friend. The painter, whose digital works have previously appeared on VR platform Second Life, likens the silencing of the WikiLeaks founder to governments attempts to crush dissent on the World Wide Web, leading to the aforementioned theme for this year’s Internet Pavilion: Assange is Internet Internet is Assange. The 111 NFTs in the collection are curated digital versions of the Assange portraits the artist created as part of the #AssangePower social media campaign. That blitz led Manetas to showcase his creations at Rome’s Palazzo delle Esposizioni and later Belgium’s IKOB Museum with an exhibition entitled Assange Situation – Emergency. This year, the location of the Internet Pavilion is the vast, prison-like domain of The Gervasuti Foundation, which Manetas considers an appropriate setting given Assange’s ongoing incarceration. The Foundation is located at the north end of Via Garibaldi, on the site of the Gervasuti family artisan wood workshop. Holders of This Cannot Be Erased will not only own a piece of art history; they’ll also become Trustees of AIIA, with the NFT designated a “currency” of a new internet “country” unbound by borders or barriers. As mentioned, money raised from the sale will go into the Internet Pavilion DAO, meaning art collectors can help decide which art projects the Pavilion funds in the future. Assange in Limbo Miltos Manetas has said that his goal is to raise awareness of Assange’s treatment, believing that he has been unjustly demonised for his whistleblowing activities. This view is echoed by human rights organisation Amnesty International, which calls the UK’s decision to extradite Assange to the US a “travesty of justice.” NFT that make up the new collection last for a minute, during which time the holder sees the face of Assange, fracturing before rapidly coming back together, never to erase. Each artwork is accompanied by a musical theme composed by Howie B. Assange is currently appealing the UK government’s extradition ruling. If the appeal fails, the activist could face a 175-year prison sentence if convicted in a US court.  

Crypto News

The Metaverse Founders Club Wants To Unlock Cross-Metaverse Interoperability To Provide A Better User Experience

A growing interest in Web3 and metaverse development has created a schism. While there are many virtual experiences for users to explore, they all create gated communities. However, that will all change with the inception of the Metaverse Founders Club, a new project by Metametaverse and anitya.space. Unfracturing A Divided Virtual World There is no shortage of projects building their metaverse or virtual world with the help of blockchain technology. Various networks and layers offer the necessary tools for builders to begin creating their next-generation products or projects. However, there are many different worlds incapable of communicating with one another. It creates a long hallway of doors for players to explore, creating a less-than-ideal introduction to what the metaverse is all about. The Metaverse Founders Club aims to change that situation for the better. It is a collaborative project where founders of virtual worlds can come together to focus on cross-metaverse opportunities. The first example of such a cross-world effort is a virtual scavenger hunt, kicking off later in June. Participants will solve puzzles in one world to unlock access to the next metaverse, showcasing the potential when interoperability takes center stage. Metametaverse CEO Joel Dietz explains why collaboration is key in Web3 development: “You need dedicated people, honest people, hardworking people, folks with vision, and a willingness to adapt to the market conditions and work past regulatory barriers. So basically, it’s all a people problem in the end, and it is tricky to find all the attributes you want in a single person or team.” The Metaverse Founders Club will bring together teams from the many Web3 projects in development today or developed in the future. Its initial members represent projects like Metametaverse, Anitya.space, Space, Terra Virtual, GoDot, NFT Oasis, Spatial Web Foundation, and MetaverseTalks. More members are welcome if they are an executive or significant owner of a metaverse or related technology used to establish a private members area and/or puzzle as part of a virtual scavenger hunt. The Metaverse Founders Club Journey With the help of these eight initial members, the Metaverse Founders Club will promote interoperability between projects and virtual worlds. Doing so will, per Joel Dietz, help optimize the user experience for people entering the metaverse for the first time. If this technology is to gain mainstream traction, there needs to be a better user-oriented entryway to explore different worlds, rather than forcing people to be “on the right chain with the right wallet”.  Metametaverse CEO Joel Dietz states: “Who wants to wake up in a metaverse future dominated by a few corporations? We envision this club to be a space for an optimist and collaborative  future where we hopefully together are able to build critical infrastructure to make sure the metaverse stays open, accessible and playful.” The initial Founders Club members will come together every quarter and have a monthly consortium. All initial rules – called bylaws – can be updated during the consortium, with proposals submitted and voted on three days before the meeting. The team will shift the focus to the upcoming scavenger hunt across virtual worlds and other cross-world games to enhance the appeal of Web3 development.  

Altcoins

Do Kwon Addresses Rumors That He Cashed Out $2,700,000,000 From Terra Ecosystem Before UST Collapse

The embattled chief executive of Terraform Labs is adamantly denying whispers that he cashed out billions of dollars worth of Terra (LUNA) and TerraUSD (UST). Rumors are circling on Twitter that Terra founder Do Kown used a borrowing protocol called “Abracadabra’s Degenbox” to cash out of LUNA and UST and into the stablecoins Tether (USDT) […]

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Crypto News

VENT Finance Expands Crowdfunding Access With WingRiders General Pool Sale

WingRiders’ native $WRT token is up for grabs in what will be the first General Pool Sale on the VENT Finance launchpad. The GPS sale is designed to reduce the barrier to entry and encourage more investors to participate in the WingRiders project, which is looking to establish itself as a top decentralized exchange on the Cardano blockchain. WingRiders is an automated market maker-based DEX on Cardano that utilizes a unique extended unspent transaction model that’s said to provide a more reliable and versatile environment for executing multiple transactions, with zero system failures. It was developed by VacuumLabs and offers full functionality for DeFi investors, with token swaps, staking, liquidity providing and yield farming opportunities available on its platform. The reception to WingRiders has been positive. Since launching its mainnet earlier in the year, it has emerged as the number three DEX on Cardano in terms of total value locked. The popularity of WingRiders is due to its unique ability to support non-Cardano assets such as BTC and ETH, something that no other Cardano DEX currently offers. It also supports stablecoins such as USDC and USDT, again something that no other Cardano-based DEX can provide. Other novelties on the WingRiders platform include support for ADA auto staking, and direct integration with hardware wallets such as Trezor and Ledger. WingRiders is partnering with VENT to raise $200,000 USDC through the GPS, in addition to a $300,000 raise via an IDO. This will be the first time VENT has hosted a GPS sale on its platform. Previously, projects on VENT were launched exclusively via an IDO, but VENT said it’s looking to enable anyone to participate, not only $VENT token holders, so as to increase exposure for WingRiders. The idea is to boost publicity and obtain more liquidity by appealing to non-VENT users who don’t hold $VENT tokens. With its IDOs, VENT requires a minimum wallet balance for all participants but that isn’t the case with the GPS. Instead, the only thing investors have to do is complete KYC/AML registration and pay a 20% tax on all purchased $WRT tokens in the sale. VENT will then use a portion of the funds it raises from the sale to buy back $VENT tokens to boost the dynamics of its token value. The GPS sale is not a one-off, as VENT said in a Medium post the model is here to stay. For future projects, it is planning to use both fundraising models so as to appeal to $VENT holders and everyone else. Loyal users will still get exclusive access to new projects through IDOs as well as a guaranteed allocation in the GPS, while those who don’t hold $VENT tokens can join in the fun while still supporting the VENT ecosystem, VENT explained.   Image source: VENT Finance

Altcoins

US Court Orders Embattled Terra (LUNA) Founder Do Kwon To Comply With SEC Subpoena

Terraform Labs CEO Do Kwon will be required to cooperate with an inquiry issued by the U.S. Securities and Exchange Commission (SEC). In a new ruling, a court in New York City has denied an appeal Kwon filed against the SEC regarding Terraform’s Mirror Protocol (MIR). Last October, the SEC subpoenaed Do Kwon while he […]

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