The Literary Revolution in Crypto | Decentralized Arts
BanklessDAO Weekly NFT and Cryptoart Newsletter
Dear Bankless Nation,🏴
First of all, we want to thank the new sponsor of Decentralized Arts: Rarible! Rarible, one of the pillars on which the NFT market is built, has always been very close to BanklessDAO. Rarible is the platform on which almost all sales of BanklessDAO's NFTs take place. The relationship between Rarible and BanklessDAO has grown from month to month, leading to this new form of collaboration. Decentralized Arts is thus enriched by a very important partner in raising the quality of the newsletter.
Additionally, we enrich our exploration of the NFT world by taking a look at the NFT digital books published by PageDAO, which creates applications in new areas, new forms of protection of rights, and new distribution methods.
We wish you an enjoyable read.
Welcome to Decentralized Arts.
🙏 Thanks to our sponsor!
BanklessDAO Artist Showcase
🧑🎨 Artist: Cyoot
🏦 Sale Type: Limited PFP editions
💰 Price: 0.025 ETH
This collection of DAOies was inspired by the communities and guilds within BanklessDAO. It was built in the same style as a previous collection, called Cyooties, created for International Women’s Day. There are 50 unique images with different BanklessDAO clothing, jewelry, and images on the cheeks. These PFPs allow people to represent their Guilds within the DAO.
The DAOies were hand drawn using the symmetry tool on Procreate. Each element of the DAOie was drawn on a different layer to curate unique images with different features. The markings on the cheeks are taken from guild emojis or kept as BanklessDAO-related images for those who span across multiple guilds or communities. There is also a DAOies Fam 2022 POAP available.
Cyoot works a 9-5 in education, creating Digital art, designs, POAPs, and NFT art as a hobby during her free time. Cyoot got into Web3 through her IRL partner, Perchy. She recently joined BanklessDAO and provides design work for the bDAO-affiliated project, The Rug.
🌐 Curated NFT News
Ronin Network, Home of Axie Infinity, is Robbed Of $600M via Their Bridge
Sky Mavis, the company that develops the Ronin Network sidechain and runs Axie Infinity, has revealed that a hacker has stolen more than 600M USD from Ronin Network. The stolen funds include 173,600 ETH and 25.5 million USDC, along with other tokens and consists of player deposits and Axie Infinity treasury revenue.
The attack began on March 23, 2022, when the attacker used hacked private keys to forge fake withdrawals. The first withdrawal went through successfully with a transaction amount of 173,600 ETH. Shortly after, the hacker stole another 25.5 million USDC in the second transaction. The entire breach went unnoticed for a week.
The Ronin breach appears to be the largest hack in crypto history. However, Sky Mavis is working to recover the stolen funds and has pledged to refund the victims.
The Ronin Network will now require 8 nodes for transactions. Additionally, the network will stay closed until the team is certain it is secure.
Asteroid Mining Company to Use NFTs for Funding
Exploration Laboratories, LLC., or ExLabs, has plans to release an NFT collection to support research & development of space resource acquisition technologies. The art in the NFTs will be inspired by space exploration and the company’s goal of acquiring off-planet resources.
Holders of the first Explorers Club NFTs will get ten Exploration Tokens per day. The tokens can be redeemed for exclusive benefits, including launching the holder's name into space. There are currently no official dates for the mint. For more information and roadmap, click here.
Visa has Launched the Visa Creator Program
The financial services multinational has recently started this initiative to bring together small business owners and creators interested in incorporating NFTs with businesses. The program will offer a one-year immersion into Web3 technology, and it is open to all regardless of your knowledge on NFTs.
The selected creators working in art, music, fashion and film will join a global cohort and will receive support in five areas:
Technical and product mentorship
Access to thought leaders
Exposure to Visa’s clients and partners
Stipend: One-time stipend to help creators kick-start the next phase of growth.
Carbon Collectibles NFT
The project, based on coal offsets and close to BanklessDAO, has benefited from a grant from Polygon and will launch in 22 days. The project is finalizing preparations for its debut by hiring new talent and completing the audit phase.
🙏 Sponsor: Rarible.com - multichain community-centric NFT marketplace 💛
“Not your keys, not your books”
The phrase “Not your keys, not your crypto” used in the crypto space to summarize that if you do not hold the private keys to your wallet, then you are not the true owner of your money–could also be applied to the digital books you have in a centralized digital platform. Imagine if tomorrow, Jeff Bezos decides to delete all the books from Amazon Kindle. The work of thousands of people would be affected, and readers would not be able to read the books they purchased.
Enter PageDAO, a community of writers who came together for one purpose: to decentralize book publishing to empower both the writer and the reader.
A DAO for Lovers of Literature
Like many DAOs, PageDAO arose from the collaboration between people with the same mission: to decentralize book publishing using NFT technology and IPFS storage. This is big news, as NFTs exploded last year, and the utilities they have are enormous. Two markets that, in my opinion, are going to explode are NFTs in music and NFTs in literature. That's why PageDAO is a project to watch closely. The DAO has a governance token called PAGE, which is also used to finance and to reward literary creatives and supporters for their contributions. Through tools like joint wallets, and voting platforms like Snapshot, the publisher now belongs to the writers themselves.
Each “NFTBook” is a digital certificate of ownership that tracks and values the content of the work and has the property of digital scarcity. NFTBooks comprise hidden files stored in IPFS that are sent to a decentralized application (dApp) that is rendered in a web browser, allowing the user to access the content.
The first NFTBook was minted in January 2021. As of fall 2021, there were more than a dozen NFTBooks in the OpenSea “Genesis” collection. Currently, over 30 NFTBooks have been released and there are six collaborative projects that have received grants from the DAO to carry them out. It also has two daily sections where you can receive PAGE for writing short stories.
The benefit of being the real owner of your digital book, is that you can resell it or give it away, which is really a paradigm shift. Furthermore, NFTBooks contain an amazing feature that many NFTs have: the ability to earn royalties on secondary market sales. To make it easier for writers to publish books as NFTs, they have created a tool called NFT Minter, which you can use to launch your book on OpenSea, the largest NFT marketplace in the world.
In their Discord, you can see that they work daily on their mission. Also, if you love literature it is a place where you can discuss your favorite books or write a book supporting you in a community that has shared values with BanklessDAO.
🙏 Thanks to our sponsor!
Rarible.com is a multichain NFT marketplace that puts community first, empowering it with numerous user-specific features like messenger, floor bids and NFT portfolio tracker. It also offers extra liquidity by aggregating orders from other marketplaces. Rarible.com is built on the Rarbile Protocol, a multipurpose open source and multichain NFT protocol that helps build products and services across the NFT ecosystem, including white label marketplaces tailored to specific NFT communities.
👉 Visit Rarible.com to put a floor bid on your favorite PFP project.
👉 Download Rarible mobile app to track your NFT portfolio's value.
👉 Trading NFTs on different chains? Use Rarible's multi-wallet feature to get them all in one place.
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