Lưu trữ cho từ khóa: Tezos

NFT

Bahamas students each win $10k in NFT competition sponsored by Snoop Dogg’s son

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Bahamas students each win $10k in NFT competition sponsored by Snoop Dogg’s son

Five students from the University of The Bahamas each won $10,000 for their digital music and art creations as part of the university’s NFT Digital Arts Project, sponsored by Snoop Dogg’s son Cordell Broadus.

According to a report by Bahamas media Eyewitness News, the University of The Bahamas announced the student winners of its Non-fungible token Digital Arts Projects on Oct. 7. Each student receives a prize of $10,000 for their NFT creations.

Three students won awards in the Visual Art category, while two other students won in the Music category.

The project is funded by the Champ Medici Arts Fund Scholarship Award at UB. The collaboration involved Cordell Broadus, son of American rapper Snoop Dogg, and the Tezos(XTZ) Foundation. The award was first established in March 2024 with an initial donation of $100,000.

In an interview with Eyewitness News, one of the students who won in the Music category said that he was able to learn more about NFT technology by participating in the competition.

The CMAF is a $1 million philanthropic fund started by Cordell Broadus in partnership with the Tezos Foundation. Their goal was to support emerging musicians and artists across the globe who want to build and create new creative and cultural works on the Tezos blockchain.

In a report by OurNews media, the CMAF said that the NFT competition was only the beginning of their contribution towards the university’s art and music programs. CMAF and Tezos Foundation will also give educational tutorials, materials and guidance for students on how they can use the Tezos blockchain to mint, market and sell their NFT works.

The joint initiative also plans to supply the university with relevant equipment and technology for the students so that they can pursue digital art and music initiatives in the future.

Tezos is a smart contracts proof-of-stake blockchain platform that launched in 2017 after a $232 million initial coin offering.

In June 2024, it announced a new upgrade labeled “Tezos X”, which enables an integrated blockchain ecosystem that boasts greater performance, composability and interoperability compared to the old model.

Tổng hợp và chỉnh sửa: ThS Phạm Mạnh Cường
Theo Crypto News

Bitcoin

Bitcoin store of value narrative ‘being decimated’, Tezos co-founder says

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Kathleen Breitman, the co-founder of the Tezos blockchain, says Bitcoin’s narrative as a store of value is “being decimated” amid the latest crypto crash.

The Tezos (XTZ) co-founder shared the viewpoint in an interview with CNBC’s ‘Squawk Box’ on Aug. 5, commenting on the crypto market reaction as Bitcoin (BTC) plunged to under $50,000.

According to Breitman, Bitcoin’s price plunged as investors and traders reacted to broader market jitters. Catalysts to this flip in sentiment include fears of a potential global recession, with the crash in Japan’s stocks exacerbating the situation across the market on Monday.

Tezos co-founder comments on BTC sell-off

Analysts also attributed the market’s tumble on Aug. 5 to geopolitical tensions and the Federal Reserve’s recent interest rate decision. In crypto, rumors of massive selling by Jump Trading injected new downside pressure.

It’s the crypto reaction that has Breitman not mincing her words about BTC as “internet pretend money.”

“Basically, what we are seeing is something similar to what happened at the beginning of COVID, where folks get a sense of something that looks like a recession and the first thing they decide to sell is their internet pretend money,” Breitman said.

Not a ‘store of value’

Breitman added that BTC is getting “a bit of a shellacking” as it remains a largely speculative currency and that most holders still don’t see it as anything more.

“It’s good to acknowledge that it’s an experiment,” Breitman told CNBC’s Andrew Sorkin and Joe Kernen. As for Bitcoin being a store of value, the Tezos co-founder said she’s yet to buy into that narrative, which she added was a meme currently “being decimated.”

Despite this view, Breitman says Bitcoin is a core asset in the market and will grow as it becomes more mainstream. BTC has core utility and does not need to be a store of value asset to be useful, she added.

Bitcoin is down double digits

While the digital gold has rebounded slightly to above $50k, its value remains 17% down in the past 24 hours and more than 28% in the red over the past week. Elsewhere, it’s a sea of red for crypto as 24-hour liquidations rose to over $1 billion.

Notably, Bitcoin and stocks’ declines contrasted with the performance of gold, which largely held its value as the market got smashed.

Tổng hợp và chỉnh sửa: ThS Phạm Mạnh Cường
Theo Crypto News

Công nghệ

Celebrating ‘Plastic Free July’ with Tezos NFTs and art | Opinion

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Since its initial coin offering in 2017, the Tezos blockchain has become the art world’s favorite because of its energy efficiency and low cost. AI artists, including Refik Anadol, an internationally renowned media artist, director, and pioneer in data and machine intelligence aesthetics, use Tezos to execute peer-to-peer transactions and deploy smart contracts. The token is listed on crypto exchanges as Tezos (XTZ).

In addition to being part of Art Basel since 2021 and collaborating with environmental gallery Serpentine Arts Technologies since 2023, during this Plastic Free July, for the first time, Tezos blockchain is part of Ribela Love Nature, an open-air, sustainable techno event of art and music, that is featuring over 100 different artworks from more than 30 visual artists, more than 20 NFT artwork for sale, and music in more than 15 live acts and DJ sets.

Plastic Free July draws attention to the impact of plastic waste on nature. The ‘Plastic Free July’ campaign originated in Australia in 2011 to draw attention to the global problem of plastic waste, which is causing serious problems for animals, nature, and people’s health. The award-winning campaign is a key initiative of the Plastic Free Foundation, which works towards a vision of seeing a world free of plastic waste, as detailed in the “2023 Impact Report.”

The Plastic Free July campaign was instrumental in the adoption of the world’s first Plastic Treaty, which was supported by 175 nations at the United Nations Environment Programme (UNEP) meeting in Nairobi in 2022. UNEP’s Intergovernmental Negotiating Committee on Plastics Pollution is still negotiating the Treaty’s terms, so it could be implemented as soon as 2025.

My Plastic Free July art shows to draw attention to plastic pollution’s harm on marine animals are held at two museums:

  1. Putnam History Museum—Healing Waters by Selva Ozelli
  1. Havre de Grace Maritime Museum—Moody Blue Crabs by Selva Ozelli 

Scaling up Tezos

Parallel to participating in the sustainable techno event, Tezos X vision also announced a significant development in the Tezos ecosystem: the introduction of Jstz (pronounced ‘justice’), a smart rollup powered by JavaScript that will scale up and make Tezos an interoperable blockchain platform and an OP blockchain-based, cloud-like backend for all kinds of applications. 

Scaling the utility of blockchain is crucial to widespread adoption. After all, the fastest, most cost-efficient blockchain is useless if people have nothing to do or nowhere to go from there. And they’ll only have those things if someone builds them on Jstz, an L2 rollup being built on Tezos to allow developers to use JavaScript and its vast resources such as JavaScript APIs, battle-tested JS tools, npm ecosystem, and libraries with the best perks of web3, with built-in identity, wallet, and payments Jstz GitHub repository. 

NFT tax reporting regulations finalized

On June 28, 2024, the US Treasury Department and the US Internal Revenue Service issued final digital asset broker reporting regulations that mandate broker reporting for centralized exchanges and hosted wallet providers, providing extensive rules under which transactions in digital assets, which include NFTs, will be reported in the US. However, it set aside related rules for decentralized finance and unhosted wallets as it continues to study 44,000 comments to the agency. Defi operations and non-hosted wallet providers will have to wait for their own rules later in the year.

The final regulations will go into effect for transactions starting in 2025 and will require digital asset brokers to keep tabs on the cost basis for customers’ tokens starting in 2026. They will also need to file 1099-DA forms like their traditional investment firm cousins, with a $600 annual threshold on NFT proceeds before they need to be reported.

The final regulations provide NFT platforms with needed clarity about their reporting obligations while also creating transparency for both artist taxpayers and the IRS when it comes to tax filing and compliance. It is also an essential step in closing the estimated $50 billion crypto tax gap and will further legitimize digital assets. Artists will now know what they need to report for activity conducted with a digital asset broker NFT platform, and the IRS will know what to expect to see on tax returns.

Tổng hợp và chỉnh sửa: ThS Phạm Mạnh Cường
Theo Crypto News