Skip to main content

MLB Team Washington Nationals Partners With Terra Blockchain Community, Ballpark Plans to Accept UST

On February 9, the American professional baseball team based in Washington, D.C., the Washington Nationals, announced the team has partnered with Terra, the open-source blockchain platform and decentralized autonomous organization (DAO). The Washington Nationals detail that the team is a “leading innovator” and is “consistently introducing new technologies to enhance the fan experience.” Washington Nationals Ink Long-Term Deal With Terra Major League Baseball (MLB) team the Washington Nationals has partnered with the blockchain platform and DAO Terra, according to an announcement published by the team on Wednesday. The deal with Terra follows a slew of sports-related deals with crypto firms, but the MLB team will be the first to partner with an open-source blockchain project. In addition to the partnership, the algorithmic stablecoin UST that’s issued on the Terra blockchain will be “accepted as a payment method at Nationals Park as early as next season.” “The Nationals continue t...

Adobe Jumps Into Non-Fungible Token Ecosystem With ‘Prepare as NFT’ Photoshop Tool

Adobe Jumps Into Non-Fungible Token Ecosystem With 'Prepare as NFT' Photoshop Tool

Adobe Inc., the American multinational computer software company that’s well known for its platforms like Photoshop and Illustrator, has jumped into the non-fungible token (NFT) universe. According to Adobe chief product officer Scott Belsky in a recent interview with The Verge, “NFTs will change creativity.”

New Adobe Photoshop Tool Will Assist NFT Creators in ‘Packaging and Preparing, Along With the Attribution Capabilities’

The software company Adobe has launched a Photoshop tool that allows creators to pre-construct the images for non-fungible token (NFT) applications. On October 26, Scott Belsky, Adobe’s chief product officer, spoke in an interview with The Verge’s Nilay Patel about the firm’s deep dive into the world of NFTs.

The new Adobe Photoshop tool will allow users to add specific credentials so popular markets such as Opensea can read the metadata. During the interview with Patel, Belsky said he was bullish about the NFT industry.

Belsky disclosed that the ‘prepare as NFT’ option would be available by “the end of this month.” However, the new feature has been added to the latest Photoshop release and users can add their NFT credentials.

“It will be able to take whatever you’re working on and it will assist you in packaging it and preparing it along with the attribution capabilities… for some of the popular minting platforms and blockchains out there,” the Adobe executive said.

Adobe Chief Product Officer: ‘No Changes to Photoshop Format — Open-Source Framework’

The Verge’s Patel asked Belsky if there would be any changes to the current Photoshop format and the chief product officer said no. “Yeah, no changes to the format, and the cryptographic signature points to an IPFS (Inter-Planetary File System)-powered system that shows you the attribution data,” Belsky stressed during the interview.

“But again, it’s a decentralized storage source and it’s an open-source framework. So that, again, anyone can cryptographically sign anything from within the tool that’s used to create something and then you leverage the same system,” the Adobe executive further remarked.

The Adobe chief product officer added:

And that’s great, because we don’t want this to be anything that is proprietary to Adobe or part of one of our formats, that would negate the purpose.

The news that Adobe has added an NFT tool to the Photoshop platform follows Deviantart’s collaboration with Opensea, as well. The world’s largest online art gallery and Opensea crafted tech in order to detect potential NFT infringement. “We’ve expanded the scope of our system to identify near matches of minted non-fungible token (NFTs) submitted across the Internet,” Deviantart’s announcement said on July 1.

What do you think about Adobe adding an NFT feature to the popular Photoshop platform? Let us know what you think about this subject in the comments section below.

Comments

Popular posts from this blog

MLB Team Washington Nationals Partners With Terra Blockchain Community, Ballpark Plans to Accept UST

On February 9, the American professional baseball team based in Washington, D.C., the Washington Nationals, announced the team has partnered with Terra, the open-source blockchain platform and decentralized autonomous organization (DAO). The Washington Nationals detail that the team is a “leading innovator” and is “consistently introducing new technologies to enhance the fan experience.” Washington Nationals Ink Long-Term Deal With Terra Major League Baseball (MLB) team the Washington Nationals has partnered with the blockchain platform and DAO Terra, according to an announcement published by the team on Wednesday. The deal with Terra follows a slew of sports-related deals with crypto firms, but the MLB team will be the first to partner with an open-source blockchain project. In addition to the partnership, the algorithmic stablecoin UST that’s issued on the Terra blockchain will be “accepted as a payment method at Nationals Park as early as next season.” “The Nationals continue t...

Year of sponsorships: Celebrities who embraced crypto in 2021

From Matt Damon appearing in a TV spot for Crypto.com to Kim Kardashian shilling EthereumMax, 2021 saw celebrities with higher profiles getting into crypto. Though the crypto space has seemingly moved beyond the endorsements many minor celebrities bestowed on token projects during the 2018 initial coin offering boom, its growing popularity and acceptance now has professional sports players, Hollywood elites and politicians backing major companies dealing with digital assets. In June 2021, Kim Kardashian promoted EthereumMax (EMAX) via an Instagram story shared with  her more than 200 million followers . The token, which was used as payment for online ticket purchases for some pay-per-view events, gained 116,000% in just one week following the celebrity’s activity before falling more than 99% and leaving many investors in the red. Kim Kardashian promoting EthereumMax on Instagram Stories, June 2021. Source: Instagram Though EthereumMax is somewhat of a cautionary tale for cry...

Top 3 Rebase Token Markets Shudder — Stats Show TIME, OHM, BTRFLY Lost Billions Since All-Time Highs

While the crypto economy has shed more than 3% in fiat value during the last 24 hours dropping to $2.09 trillion, the top rebase tokens by market capitalization have seen significant losses this week. At the time of writing, the rebase token economy is valued at over $3.2 billion but has lost more than 10% in value during the last 24 hours. The largest rebase token economies such as Wonderland, Olympus, and Redacted Cartel have shed between 36% to 55% over the last week. Top 3 Rebase Token Protocols Shed Billions in Value Over the Last Week, Wonderland Down 87% Since High On the first day of November 2021, Bitcoin.com News took a deep dive into the Olympus DAO and the reserve-backed asset called OHM . Olympus is a decentralized finance (defi) project that is described as a rebase token and since Olympus started, a myriad of Olympus forks have been born. Essentially, rebase token protocols adjust the token supply in a periodic fashion or when the price fluctuates. Olympus was once ...