10 August 2023

Generative Art Platform Fxhash Secures $5M in Seed Funding Round Led by 1kx

The Seed Round Fxhash, the groundbreaking generative art platform and marketplace, has successfully closed an oversubscribed $5 million seed fundraising round. Spearheading this investment initiative was 1kx, an early-stage crypto-focused venture capital firm renowned for its strategic ecosystem growth investments. Founded in 2021, Fxhash has emerged as the...

Hic Et Nunc Introduces Collaboration Feature Through Successful Hicathon

The Hic Et Nunc (H=N) hackathon over the May 22-23rd weekend was a roaring success, with over 100 participants working on and delivering a number of features. One including the collaboration feature.

Disclaimer

Nature of Content: All content published on https://xtz.news, whether written, auditory, or visual, is for informational purposes only. Opinions expressed therein are solely those of the individual authors and do not reflect the views of XTZNews or its management.

Not Financial Advice: No content on this website constitutes investment, financial, legal, or tax advice. Users should not construe any such information as a recommendation to buy, sell, or hold any investment or security or to pursue any particular investment strategy.

Accuracy and Completeness: While XTZNews makes every effort to ensure the accuracy and reliability of information, we do not warrant or guarantee the timeliness, completeness, or accuracy of the information presented. The website may contain errors, omissions, or inaccuracies. We disclaim all warranties, both express and implied, regarding the information, including but not limited to, any warranty of merchantability or fitness for a particular purpose.

Endorsements: References to specific entities, products, services, processes, or other information does not constitute or imply endorsement, sponsorship, or recommendation by XTZNews. Blockchain technology is in a developmental phase, and the engagement with the technology and its associated entities carries inherent risks.

User’s Responsibility: Users are encouraged to conduct their own research and due diligence and to seek the advice of qualified professionals before making any investment or decisions related to content on this site. Engaging with blockchain technology, cryptocurrencies, and associated applications should be undertaken with caution, understanding the inherent risks involved.

Limitation of Liability: Under no circumstances will XTZNews or its affiliates, partners, officers, directors, employees, shareholders, agents, or licensors be liable for any direct, indirect, incidental, special, consequential, or punitive damages, including without limitation, loss of profits, data, use, goodwill, or other intangible losses, resulting from (i) your access to or use of or inability to access or use the site; (ii) any content obtained from the site; or (iii) unauthorized access, use, or alteration of your transmissions or content, whether based on warranty, contract, tort (including negligence), or any other legal theory, whether or not we have been informed of the possibility of such damage, and even if a remedy set forth herein is found to have failed its essential purpose.

Seek Independent Advice: Before undertaking any financial investments, potential investors are advised to seek guidance from independent financial, legal, and tax professionals.

Hicathon And The Collaboration Feature 

The Hic Et Nunc (H=N) hackathon over the May 22-23rd weekend was a roaring success, with over 100 participants working on and delivering a number of features. One that was of particular interest to me is the Collaboration feature, where you essentially mint an OBJKT as several creators to get automatic revenue sharing.

The obvious use case is to be able to release an NFT for a group of collaborating artists. Just as the blockchain is trustless, so should the administration of such a release.

The sales and royalty ratios are set at the time of minting and will then follow the NFT as it’s sold and resold. Up to ten collaborators are possible, with a minimum of two (otherwise it’s just a regular mint).

Once the feature is live it’ll be accessed through a new menu item, Collaborations, where a collaboration smart contract is set up. The actual minter of the NFT will be this smart contract (KT1-address), which means it’s easy to spot a collaboration.

In addition, to open up for artist collaborations, like we for example saw with Maikeul and Daniella Attfields collab in Kalamint, this also opens up the whole space of third-party sellers who help an artist sell an NFT.

Essentially virtual galleries can now be established, where an artist mints editions to be sold with the help of an agent. A gallery can work with several artists and use their channels to promote the art, leading the buyer back to the H=N page to close the deal.

While this is a little clunky with this implementation, I’d prefer just to be able to send in a referral Tezos-address, this implementation actually even better suited for another space: Affiliate partnerships for digital products.

With H=N’s ability to basically mint any digital product, it can be used to publish novels, guides, audiobooks, courses, and more.

Affiliate marketing is a huge business, and being able to onboard a new partner by creating such a H=N collaboration is an easy and trustless way to create synergies between creators and marketers, or creators and other creators who rely on selling affiliate products to support their operation.

Once a product has been minted through H=N the contents of that product are available for anyone who can find the OBJKT page. So there’s not much DRM (Digital Rights Management) protection when using this method, but I don’t find that to be a major issue.

Pirates will always find a way to beat DRM and spread works to those who won’t pay up anyway. Besides, with an NFT you can create other incentives to own the actual NFT.

I’m extremely excited about this feature and where it’ll lead us. It just created an easy-to-use, permissionless infrastructure for a trustless and borderless economy for digital goods, something I’ve been waiting on since smart contracts first saw the light of day.

Tweet with demo: https://twitter.com/hicetnuncDAO/status/1396813340018622464?s=20

Additional Demo Video: https://twitter.com/1x1_NFT/status/1396537737868681218?s=20

Map of all participants: https://www.hicathon.xyz/map

The Hicathon homepage: https://www.hicathon.xyz/

Disclaimer

Nature of Content: All content published on https://xtz.news, whether written, auditory, or visual, is for informational purposes only. Opinions expressed therein are solely those of the individual authors and do not reflect the views of XTZNews or its management.

Not Financial Advice: No content on this website constitutes investment, financial, legal, or tax advice. Users should not construe any such information as a recommendation to buy, sell, or hold any investment or security or to pursue any particular investment strategy.

Accuracy and Completeness: While XTZNews makes every effort to ensure the accuracy and reliability of information, we do not warrant or guarantee the timeliness, completeness, or accuracy of the information presented. The website may contain errors, omissions, or inaccuracies. We disclaim all warranties, both express and implied, regarding the information, including but not limited to, any warranty of merchantability or fitness for a particular purpose.

Endorsements: References to specific entities, products, services, processes, or other information does not constitute or imply endorsement, sponsorship, or recommendation by XTZNews. Blockchain technology is in a developmental phase, and the engagement with the technology and its associated entities carries inherent risks.

User’s Responsibility: Users are encouraged to conduct their own research and due diligence and to seek the advice of qualified professionals before making any investment or decisions related to content on this site. Engaging with blockchain technology, cryptocurrencies, and associated applications should be undertaken with caution, understanding the inherent risks involved.

Limitation of Liability: Under no circumstances will XTZNews or its affiliates, partners, officers, directors, employees, shareholders, agents, or licensors be liable for any direct, indirect, incidental, special, consequential, or punitive damages, including without limitation, loss of profits, data, use, goodwill, or other intangible losses, resulting from (i) your access to or use of or inability to access or use the site; (ii) any content obtained from the site; or (iii) unauthorized access, use, or alteration of your transmissions or content, whether based on warranty, contract, tort (including negligence), or any other legal theory, whether or not we have been informed of the possibility of such damage, and even if a remedy set forth herein is found to have failed its essential purpose.

Seek Independent Advice: Before undertaking any financial investments, potential investors are advised to seek guidance from independent financial, legal, and tax professionals.

Upload Article

Complete the submission form, which includes fields for your name, contact information, a short author bio, and the title of your article. Submit your Word document as a word doc file. If you encounter any issues during the submission process, please contact our support team for assistance at [email protected]. We encourage all aspiring contributors to read and understand our submission guidelines and editorial policy before submitting.

Hidden
Hidden
Accepted file types: jpg, jpeg, png, Max. file size: 128 MB.
Banner Image
Accepted file types: jpg, jpeg, png, Max. file size: 128 MB.
Image
Accepted file types: jpg, jpeg, png, Max. file size: 128 MB.
Image
Accepted file types: pdf, doc, docx, Max. file size: 128 MB.
Submit Article: Suitable Formats = PDF, WORD
By Uploading an article, you are accepting all to all copyright and information that is to the best of your knowledge true and accurate.
Agree(Required)

Other News

View More

UNHCR’s “Nowhere To Run” Gets Boost from Fundraising Sale, Supported by Tezos Foundation, Objkt, and ArtMeta

Switzerland for UNHCR , Objkt, the Tezos Foundation, The Collectors Club and ArtMeta announce a collaborative fundraising project to celebrate digital art for good, bringing together ten visionary artists who will donate sales proceeds to the UNHCR Climate Resilience Fund.

Read More

Werenode: Fusing Blockchain Brilliance with EV Charging Innovation

As electric vehicles (EVs) become more prevalent, Werenode is leading the charge by revolutionizing the EV charging infrastructure through blockchain technology. By leveraging Tezos and Binance blockchain technology, Werenode aims to simplify the EV charging process, ensuring secure, transparent, and immutable transactions. Their approach tackles key challenges in the industry, such as network fragmentation, interoperability, and complex payment systems.

Read More

Tezos Community Prepares for Launch of tzBTC 2.0 on May 27th

The Tezos ecosystem is gearing up for the anticipated launch of tzBTC 2.0 on Monday, May 27, 2024, at 12:00 pm UTC. This development follows a successful keyholder session, where all necessary signatures were obtained, and backup flows were tested.

Read More