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...

The Future Of The H=N Community Has A Bright Outlook – TezTools

In this piece, TezTools looks into how H=N is evolving into a DAO with a bright future.

H=N began as a website that allowed artists to sell to a broad audience while keeping overhead costs low. In a matter of months, it grew into a thriving ecosystem of artists, collectors, and developers. An evolution of this magnitude would not have been possible without Web3 and Tezos technology.

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.

The Evolution Of H=N Into A DAO

Hic et nunc, commonly referred to as H=N, was developed on the Tezos blockchain to provide artists globally a space to gain exposure for and sell their art without the financial barriers or exorbitant energy consumption of other blockchains.

It quickly evolved into an army of discord communities built around artists who use the liquidity gained from H=N to support their favorite artists and give back to an ecosystem that uplifted them. The true power of decentralization was seen when H=N was shut down without notice.

Joseph Magly, founder of Integro Labs and TezTools, not only provides developer services but is also a collector on H=N himself, a tezos enthusiast, and an active community member in the H=N ecosystem. TezTools was founded with the goal creating sound infrastructure that would be prepared for mainstream adoption.

H=N’s data services have been hosted by TezTools since August of this year. Several mirror sites were created to allow seamless operations for the H=N community.

After the sudden discontinuation of H=N’s site by its founder, TezTools was able to immediately provide alternate sites so that the community could continue to enjoy all that H=N has to offer.

This was made possible because of Web3 technology. Ordinarily, a site would be run by one server that stores the entirety of the data in a singular location. This is not the case for H=N because all the NFTs and smart contracts are stored on the Tezos blockchain.

One site being shut down merely closed one of countless doors for users to access the content created and exchanged on the H=N marketplace. Web3 is a victory for the Tezos community in that it doesn’t allow one individual or entity to control the environment.

The power of decentralization was demonstrated when a community rallied together to keep their ecosystem running despite the actions taken by one person.

The future of the H=N community has a bright outlook. Through the formation of a DAO, or “Decentralized Autonomous Organization”, the ecosystem can be governed by the people who use and interact with the H=N environment.

A DAO has no central authority, is fully autonomous, and completely transparent. Smart contracts execute proposals that are decided on by DAO token holders. H=N is an organic system that allows its users to decide its future without fear of one entity choosing for them.

The abrupt shutdown of the original H=N site is a victory for the Tezos community because it provides an example for other to witness an event unique to Web3 while also demonstrating the many advantages of a decentralized system. A truly historic moment occurred on the Tezos blockchain. The successful formation of a DAO by the community the promises of Web3 will be made evident for all to see.

H=N began as a website that allowed artists to sell to a broad audience while keeping overhead costs low. In a matter of months, it grew into a thriving ecosystem of artists, collectors, and developers. An evolution of this magnitude would not have been possible without Web3 and Tezos technology.

What could be seen as a tragedy, was reborn as a celebration of the countless hours dedicated to the construction of steadfast infrastructure by developers, creative thoughts translated into digital art by a truly unique conglomeration of artists, and the support shown by collectors through the contribution of time and investments made to continually develop the community.

What started as an open-sourced experiment by creator Rafael Lima became the embodiment of decentralization. Over 500,000 objkts were minted on the H=N marketplace. Its created life-changing opportunities for many of its users.

The death and rebirth of Hic et nunc is cause not for panic and chaos but celebration. H=N is not a domain name, it is community.

TezTools will keep everything running while the site is reincarnated in the vision of its users. A gateway has been opened for Tezos users to show the world how a community can rally and create a new beginning from the ending of and an era.

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
25 October 2023

PedroDig.xyz: A New Analytical Tool for Tezos NFT Marketplaces

At its core, pedrodig.xyz harnesses live data from objkt.com, accurately capturing all purchase transaction types. “The heart of pedrodig.xyz is its ability to fetch live data from objkt.com… This data is then channeled into three microservices: Art, Artist, and Collector.”

Read More
10 October 2023

BigOnTezos.com: A New Chapter in NFT Analytics on Tezos

The vision behind BigOnTezos is to be a resource for discerning “who is who in the world of Tezos NFTs.” The platform seeks to answer critical questions, including identifying the most valued NFT artists on Tezos, determining the biggest collectors, and highlighting who notable artists are collecting.

Read More
9 October 2023

MoMA Postcard Project: A Fusion of Art and Blockchain Technology – Powered by Tezos And The Autonomy Wallet

The Museum of Modern Art (MoMA) has unveiled its latest initiative: the MoMA Postcard project. This unique venture provides a platform for collaborative creativity, merging traditional artistic expression with the cutting-edge capabilities of blockchain technology.

Read More

Subscribe to weekly tezos news

Join The XTZ. News Newsletter To Receive The Latest Tezos
News And Interviews.

Subscribe To Weekly Tezos Token Prices

Join the Tezos Token Price newsletter to receive the latest Tezos token prices on a weekly basis.