NFT News by Thebittimes.Com

In a recent interactive session, Ethereum’s co-founder, Vitalik Buterin, shed light on the platform’s technical advances and celebrated emerging decentralized projects within its ecosystem. In a recent Ask Me Anything (AMA) session, Ethereum Co-founder Vitalik Buterin touched on several topics that offer a glimpse into the potential trajectory of the Ethereum ecosystem. Drawing insights from a report by Odaily news, the discourse ranged from technical advancements to acknowledgments of decentralized projects, weaving a narrative of Ethereum’s evolving landscape. Foremost, Buterin delved into the intricacies of quantum resistance—a burgeoning concern in the blockchain community given the potential of quantum computing to challenge existing cryptographic systems. He discussed the role of account abstraction, specifically through Ethereum’s proposal ERC-4337. This initiative, according to Buterin, can imbue users’ accounts with quantum-resistant propertie...

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...