This is Jam Session No. 1. We’ll be exploring the long term viability of NFTs as artist/creator communities, what we can learn from Hollywood and major platforms like Beats and the bright future of play-to-earn.

Okay, so this ultra sound money thang. What is it? Well it’s a meme. A joke from the inner circles of Ethereum communities to describe what’s going to happen to Ethereum as it transforms this year. And we have researcher Justin Drake to thank for its genesis which starts with a single tweet.

SushiSwap will likely add an NFT platform soon.  The decentralized exchange for swapping Ethereum-based tokens has been branching out into a one-stop shop for DeFi, with spin-off protocols for lending (Kashi), dapp usage (BentoBox), and yield farming (Onsen).  Now with Shoyu, NFTs are being added to the mix. The platform was proposed to the Sushi…

Crypto prices have taken a hit in the past 24 hours with open finance’s leading index DeFi Pulse Index down 8.14% at the time of writing and Ether down 8.9% in that same span. Bitcoin too is down 6.1%. The selloff comes with the backdrop of a slump in the general equities market — the…

Sygnum has become the world’s first bank to offer Ethereum 2.0 staking. The digital asset bank based out of Switzerland will allow clients to securely stake Ethereum through its banking platform. Currently, Ethereum staked through Sygnum can generate yields of up to 7% per annum.  Ethereum 2.0 is a scalability upgrade to the Ethereum network,…

The date is set. The upgrade, called London after Ethereum’s Devcon 1 location, includes the famous improvement proposal.  EIP-1559, as the upgrade is labeled, will go live at block number 12,965,000. The launch date is expected to be August 4. EIP-1559 will change Ethereum’s fee model so that each block will have a set “BASEFEE,”…

First it was the art auction houses, then professional sports leagues, followed by media stalwarts such as the Associated Press. Now the president of Israel is the latest denizen of the mainstream world to embrace that most exotic creation of the crypto space — the NFT. Or more precisely, to be awarded one. On Wednesday,…

For any Defiers wondering why gas prices on Ethereum have been so high over the past few days, you can blame it on the dog — $SHIB, that is. The meme coin’s revival through a new swap protocol has driven traffic, and gas costs, through the roof. While most meme tokens that moonshot and then crash…

In the DeFi world, oracles aren’t the seers of Greek myth but handy tools that enable data to flow between blockchains and traditional networks in the form of smart contracts. Now oracles have landed right in the middle of a clash pitting two of the biggest players in the space against one another — Chainlink…

Yearn Finance’s founder Andre Cronje triggered a dustup on Twitter yesterday when he announced a new Layer 2 scaling solution for multichain.xyz, a cross-chain token transfer tool. Cronje said multichain.xyz would support Goerli, an Ethereum test network. The announcement has left some users wondering whether their tens of thousands of Goerli ETH are about to…