NFT News by Thebittimes.Com

Russia’s war in Ukraine threatens to destroy its art. This startup uses NFT technology to protect and preserve priceless artifacts from conflict zones. The ongoing war in Ukraine has had devastating consequences, including the destruction of cultural and historical objects. As the conflict continues, it is critical to protect Ukrainian artworks and cultural heritage. By using innovative technologies such as blockchain and nonfungible tokens (NFTs), art enthusiasts can ensure the protection and longevity of Ukrainian art, allowing future generations to appreciate and learn from its profound significance. But how can NFTs preserve fragile art during military conflicts and bridge the gap between traditional and digital art, increasing the visibility and accessibility of art to a broader audience? Shedding light on this topic is film director Asya Nikolaeva, a Ukrainian now living in San Francisco, who launched the CityX project, which aims to preserve Ukrainian art through NFTs. CityX’s ...

Kumite NFT founder Gareb Shamus chats with NFT Steez about how NFT projects can engage with their respective communities through storytelling. NFT Steez , a new weekly Cointelegraph podcast exploring nonfungible tokens and Web3 project s, spoke to Comic-Con legend Gareb Shamus about how he has used storytelling to build engagement and a “maker world” that grows and strengthens communities. What started off as a newsletter about comics — Shamus’ passion project — ultimately became known to the world as Wizard magazine. According to Shamus, Wizard was an outlet where he could “create a voice” and share with his friends the things he had discovered that excited him. Shamus touched on the importance of building elements of engagement and not limiting creativity within communities to further “unite them around what they love.” More importantly, he explained how building engagement allowed him to reach billions of people around the world in a way that made it “fun to be a fan of culture.” ...

Web3 technologies are changing the way we engage with various forms of entertainment and ownership is at the heart of it. Web3 is uprooting traditional entertainment industries with a new way of creating and engaging with digital content. The industry has already seen nonfungible tokens (NFTs) display the potential to transform how television scheduled programming can be created. Increased metaverse activity began challenging artists with new possibilities for performances and connectivity with their fans. All the use cases of Web3 technology upgrading the future of digital entertainment include one key component: ownership. Ownership is one of the defining characteristics that distinguishes Web3 activity from its predecessor.  According to professionals in the industry, it will also be a defining characteristic not only of Web3 but of the future of digital entertainment. Cointelegraph spoke with Mitch Liu, CEO of the media and entertainment-centric blockchain Theta Labs, on what u...