Warning: session_start(): open(/opt/alt/php72/var/lib/php/session/sess_4893fcb5e1c1919b7cf65a4b3d0e47d6, O_RDWR) failed: Disk quota exceeded (122) in /home/shweuqjw/awajludhianaki.org/wp-content/plugins/jnews-social-login/class.jnews-social-login.php on line 83

Warning: session_start(): Failed to read session data: files (path: /opt/alt/php72/var/lib/php/session) in /home/shweuqjw/awajludhianaki.org/wp-content/plugins/jnews-social-login/class.jnews-social-login.php on line 83
NFTs don’t need crypto, but crypto needs NFTs – TechCrunch - Awaj Ludhiana Ki
Thursday, May 15, 2025
  • Home
  • National
  • International
  • Movies
  • Technology
  • Business
  • Fitness
  • Lifestyle
  • Punjab
  • Contact us
No Result
View All Result
No Result
View All Result
Home Technology

NFTs don’t need crypto, but crypto needs NFTs – TechCrunch

by author
March 13, 2021
in Technology
0
NFTs don’t need crypto, but crypto needs NFTs – TechCrunch
0
SHARES
36
VIEWS
Share on FacebookShare on Twitter


Spending millions for a digital work of art that could be screenshotted feels similar to traipsing around a strip of concrete as a tourist activity. The optics don’t make immediate sense — there’s hardly any appeal in something as accessible as a Google image or street.

That’s my best bet at explaining at least some of the confusion around the explosive rise of NFTs, or nonfungible tokens. The token, minted on the blockchain, can give digital assets a unique signifier. In other words, anyone could screenshot a piece of art, but only one of us will own the true, original piece of art. This context is part of the reason why Beeple, a digital artist, had his artwork sold for $69 million just a few days ago.

The reason this topic is coming up in a Startups Weekly newsletter is because of the impact it could have on the cryptocurrency movement, of which there is a growing tide of early-stage and late-stage startups. The popularization of NFTs, as I argued in Equity this week, could be what makes cryptocurrency finally palpable to the average human — beside the average bitcoin hoarder. Platforms that sell NFTs usually need you to use cryptocurrency (usually Ethereum) to purchase anything. Mix that with the fact that humans have an innate desire to own, protect and immortalize their assets, and you might have the perfect storm. Beeple, a digital artist, made $69 million for his work, and this isn’t just a big financing event, it’s a signal that crypto enthusiasts and crypto assets are getting to an inescapable spot in public dialogue.

Ownership as a way for a decentralized network to become mainstream is its own meta conversation, and I’ll be clear that the blockchain and NFTs have a long way to go before they are truly equitable, accessible and hit their stride. But, it’s hard to not to let your mind wander about the opportunities here.

It’s more than a screenshot, it’s about the potential of pixels having more meaning than they ever did before. And it’s more than a strip of concrete, it’s the Hollywood Walk of Fame. Finding exclusive aspects of accessible things in our lives is compelling to a consumer and could be great for creators.

In the rest of this newsletter, we’ll discuss Coupang’s competitive industrial edge, a startup hoping to be the Nasdaq for revenue and Google’s brains fighting Google itself. As always, you can follow me on Twitter @nmasc_ for my thoughts throughout the week and tech news.

The Amazon of South Korea goes public

Coupang, which some describe as the Amazon of South Korea, priced and started trading this week on the public markets. At one point on Thursday, the company was valued at $92 billion.

Here’s what to know: When Coupang first launched, it found that South Korea had an absence of third-party logistics companies similar to UPS or FedEx in the United States. Now, it wasn’t without competition, but it did have an opportunity to build an end-to-end logistics company that is now worth a boatload of money.

Other IPO news:

Image Credits: Bryce Durbin/TechCrunch

The Nasdaq for Revenue

Pipe has a compelling narrative: It’s anti-VC, doesn’t like naming its rounds and says its goal is to be the Nasdaq for revenue. The goal since it started was to give SaaS companies a way to get their revenue upfront by connecting them to investors that would pay a rate for the annual value of those contracts. It turns monthly recurring revenue into annual recurring revenue.

Related posts

With Wickr purchase, AWS enters the encrypted messaging business – TechCrunch

With Wickr purchase, AWS enters the encrypted messaging business – TechCrunch

June 25, 2021
Mercuryo raises $7.5M for crypto-focused, cross-border payments after crossing $50M in ARR – TechCrunch

Mercuryo raises $7.5M for crypto-focused, cross-border payments after crossing $50M in ARR – TechCrunch

June 25, 2021

Here’s what to know: The startup raised $50 million in a financing event this week. In the first quarter of 2021, tens of millions of dollars were traded through its platform, reports TechCrunch’s Mary Ann Azevedo.

Image Credits: Bryce Durbin

Can you beat Google with Google’s brains?

In our main Equity show this week, the trio discussed a slew of news that naturally lended itself over to a piece we wrote months ago, Meet the anti-antitrust startup club.

(By the way, if you want a huge discount for Extra Crunch, just use our code, EQUITY, when you sign up to access great articles like this one and most of our analytical work).

Here’s what to know: Neeva, built by a team of ex-Googlers including the guy who built Google’s advertising engine, is one startup to watch. There’s a lot to chew and we do it best during the episode, so take a listen and figure out if you’re team Natasha and Danny, or team Alex.

Other news bits:

distorted logos including Roblox, Google, AWS, YouTube, Slack, Spotify

Image Credits: TechCrunch

‘Blaming the intern’ won’t save your startup from cybersecurity liability

As SolarWinds is showcasing, a company can be liable for the mistakes of its employees via a legal term called “vicarious liability.”

Cybersecurity writer Chandu Gopalakrishnan explains what it means for you and what you can do to stay on the right side of the law.

Around TechCrunch

A few house-keeping things this week:

Across the week

Seen on TechCrunch

Zapier buys no-code-focused Makerpad in its first acquisition

Eye, Robot

Sequoia Capital puts millions of dollars into Gather, a virtual HQ platform

Seen on ExtraCrunch

There have never been more $100 million fintech rounds than right now

What I wish I’d known about venture capital when I was a founder

White-label voice assistants will win the battle for podcast discovery

4 ways startups will drive GPT-3 adoption in 2021





Source link

Previous Post

Iconic Celebrity Conversations: Meghan Markle and Prince Harry’s interview with Oprah Winfrey & others

Next Post

Club Class: VK Sasikala's announcement to quit politics came as a rude shock to her nephew TTV Dhinakaran

Related Posts

With Wickr purchase, AWS enters the encrypted messaging business – TechCrunch
Technology

With Wickr purchase, AWS enters the encrypted messaging business – TechCrunch

June 25, 2021
Mercuryo raises $7.5M for crypto-focused, cross-border payments after crossing $50M in ARR – TechCrunch
Technology

Mercuryo raises $7.5M for crypto-focused, cross-border payments after crossing $50M in ARR – TechCrunch

June 25, 2021
Kaszek Ventures leads a $15 million round in Chilean asset management startup, Fintual – TechCrunch
Technology

Kaszek Ventures leads a $15 million round in Chilean asset management startup, Fintual – TechCrunch

June 25, 2021
Kayak co-founder Paul English just launched Moonbeam, a podcast discovery app – TechCrunch
Technology

Kayak co-founder Paul English just launched Moonbeam, a podcast discovery app – TechCrunch

June 25, 2021
Gotrade gets $7M led by LocalGlobe to let investors around the world buy fractional shares of U.S. stocks – TechCrunch
Technology

Gotrade gets $7M led by LocalGlobe to let investors around the world buy fractional shares of U.S. stocks – TechCrunch

June 25, 2021
To sustain diversity, investors must tune into their unconscious biases – TechCrunch
Technology

To sustain diversity, investors must tune into their unconscious biases – TechCrunch

June 24, 2021
Next Post
Club Class: VK Sasikala’s announcement to quit politics came as a rude shock to her nephew TTV Dhinakaran

Club Class: VK Sasikala's announcement to quit politics came as a rude shock to her nephew TTV Dhinakaran

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

Formula 1: Max Verstappen on a roll with Red Bull after French GP win | Other Sports News

Formula 1: Max Verstappen on a roll with Red Bull after French GP win | Other Sports News

4 years ago
Samvat 2077: Gold investment offers dual benefits; acts as a diversifier in long-term period

Samvat 2077: Gold investment offers dual benefits; acts as a diversifier in long-term period

5 years ago
International commercial passenger flights to remain suspended till December 31 | India News

International commercial passenger flights to remain suspended till December 31 | India News

4 years ago
Ashes 2021-22: Cricket Australia defend COVID protocols after Pat Cummins drama | Cricket News

Ashes 2021-22: Cricket Australia defend COVID protocols after Pat Cummins drama | Cricket News

3 years ago

BROWSE BY CATEGORIES

  • Animals
  • Architecture
  • Automobiles
  • Business
  • Culture
  • Fitness
  • International
  • Lifestyle
  • Movies
  • National
  • Sports
  • Technology
  • Travel

BROWSE BY TOPICS

Architecture culture Fitness indian architecture indian culture indian culture and heritage indian news lifestyle national news Technology technology news Travel travelling

About Us

Awaj Ludhiana Ki

Address

2667/3, Kishore Nagar, Tajpur & Jail Road, Ludhiana – 141008

Recent News

  • ‘It Was Very Important For Us To Rally Around Flag’: Shashi Tharoor Clarifies His Stance On Op Sindoor | India News
  • ‘Police Tried To Stop Me’: Rahul Terms Nitish Govt ‘Dhokebaaz Sarkaar’ During Bihar Visit | India News
  • Kriti Sanon stars in Pedigree’s wet food campaign for dogs : Bollywood News
  • India Questions Safety Of Pakistani Nukes As IAEA Rejects Radiation Leak Claims | India News
  • AICWA, FWICE boycott Turkey over anti-India stance amid conflict with Pakistan after Pahalgam terror attack : Bollywood News

Category

  • Animals
  • Architecture
  • Automobiles
  • Business
  • Culture
  • Fitness
  • International
  • Lifestyle
  • Movies
  • National
  • Sports
  • Technology
  • Travel

Search

No Result
View All Result

Email

contact@awajludhianaki.org

  • About
  • Advertise
  • Careers

Copyright © 2019 Awaj Ludhiana Ki or it's affiliates | Website by Awaj Ludhiana Ki Team

No Result
View All Result
  • Home
  • Contact us
  • Animals
  • Architecture
  • Automobiles
  • Business
  • Culture
  • Fashion
  • Fitness
  • Food
  • International
  • Lifestyle
  • Movies
  • National
  • Sports
  • Technology
  • Travel
  • Punjab

Copyright © 2019 Awaj Ludhiana Ki or it's affiliates | Website by Awaj Ludhiana Ki Team

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In