Blockchain
DeepBlack Historical NFT Project Pays Tribute to Beeple’s $69M Masterpiece
There is no such thing as coincidence in the NFT space. Traders, speculators, and collectors are constantly reading the proverbial tea leaves behind every tweet and scrap of alpha in a soon to be discovered Discord channel. They are looking to put reasoning behind the question on everyone’s lips; how, why, and when the next NFT collection will be pulled from relative obscurity and be elevated from humble beginnings to ‘blue chip’ status.
A recent and plausible prediction is forming around a broad church of projects and collections deemed ‘historically significant NFT’s’. This narrative was progressed in October 2021 with a complete set of My Curio Cards selling for $1.2M at auction with Christie’s. Now it’s common to see representatives from all the major auction houses being sent like canaries down the mineshaft into NFT Twitter to unearth the next historically significant project to broader significance.
Ever since Beeple (Mike Winkelmann) sold The First 5000 Days for $69M, his artwork is often interpreted as a barometer for the broader cryptocurrency and NFT market. His expansive and compelling digital artworks feature hidden (and not so hidden) easter eggs. On March 4th 2021, Beeple essentially knighted Punk4156 with his dystopic and futuristic version of King-Kong featuring CryptoPunk #4156. With Winkelmann’s relevance and market-making qualities, it is impossible for the artist not to be aware of the influence he wields.
Fast forward to early January 2022, and Beeple shared another of his dystopic visions entitled ‘DEEP BLACK’ with the world. Upon reveal, it was immediately and intrinsically linked with a historically significant NFT collection entitled ‘DeepBlack‘. DeepBlack consists of 3,073 portraits and is the first end-to-end AI-generated collection of fine art on the Ethereum blockchain, created with no human interaction. Was this Winkelmann’s way of recognising the importance of historically significant NFT’s and shining a light on DeepBlack as the next in line blue-chip NFT collection?
Whatever Beeple’s intentions were, DeepBlack founder, Pete, was inspired to mark this momentous occasion. In honour of ‘DEEP BLACK’, Pete created a collage version of the piece featuring all 3,073 original artworks of DeepBlack. You can find yourself hypnotised zooming in on the work, and be truly compelled by the unique nature of the artworks created by the AI-Artist, DeepBlack.
Pete’s collage was shared with the DeepBlack community, who was subsequently polled on what Pete should do with the piece. After twenty-four hours and many thoughtful submissions from the community, they voted to mint this piece as a 1/1 and send it directly to Beeple’s Ethereum address in the hope that he appreciates this spectacular homage to his art.
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Blockchain
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:
BlackRock ETF Embraces Blockchain with First Muni Bond Purchase
BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.
By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.
Source: Yahoo Finance
Plume Secures Funding for Tokenization Platform
Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.
Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.
Source: Fortune
SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips
SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.
As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.
Source: The Quantum Insider
Deutsche Bank’s Public, Permissioned Blockchain Initiative
Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.
The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.
Source: CoinDesk
KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands
Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.
By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.
Source: PR Newswire
Industry Implications and Key Takeaways
Today’s developments highlight the transformative potential of blockchain across multiple domains:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.
The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.
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