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The NFT Magazine Project Plans to Drop a Periodical in the Form of an NFT on Ethereum

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On November 2, a non-fungible token (NFT) magazine is coming to the Ethereum blockchain called “The NFT Magazine” — a periodical publication containing articles and illustrations in the form of an NFT. The project, promoted by Advtech IT Solutions, has partnered with members of the Zilliqa, Algorand, and Bitcoin Cash blockchain communities, alongside Art Rights, Artuu, The Cryptonomist, and the Poseidon Group.

The NFT Magazine — A Non-Fungible Token Periodical Featuring Blockchain Topics and Crypto Artists

Non-fungible token (NFT) assets and collectibles have become a mainstay in the world of cryptocurrency and blockchain. During the last 12 months, thousands of artists, celebrities, athletes, designers, DJs, and more have published NFTs that have sold for millions of dollars.

There have been all types of NFTs such as artwork, gaming items, music, and even physical items that are tethered to some form of blockchain technology. Now, a team called Advtech IT Solutions plans to drop an NFT-based periodical containing miscellaneous topics related to the world of crypto art, blockchain, and fintech.

The project, called The NFT Magazine, will be minted on the Ethereum (ETH) blockchain and 500 copies of the magazine will be issued. According to information shared exclusively with Bitcoin.com News, the artist that will be featured on the magazine’s first cover will be the well-known crypto artist dubbed Hackatao.

However, the cover image of The NFT Magazine will not be revealed until the November 2 drop. Moreover, the website details that magazine readers will be able to discover the “biggest players in the crypto world, market trends, rankings, and expert advice.”

Readers Club to Transform Into a DAO

According to the team, unsold copies will be burned to increase scarcity, and owners of the NFT magazine will be part of an exclusive “Readers Club.” The NFT Magazine creators say the Readers Club will eventually become a decentralized autonomous organization (DAO). The DAO will leverage the community who can “decide topics, artists and projects to include in the future issues of the magazine.”

Among some of the project’s partners are members of the Bitcoin Cash, Algorand, and Zilliqa blockchain ecosystems. “Bitcoin Cash and Zilliqa, in fact, will be quoted as one of the most promising blockchains where users and artists can create NFTs,” the magazine’s announcement details.

The day the first issue of The NFT Magazine drops, it will be listed on leading NFT marketplace Opensea. The magazine’s covers will continue to feature “famous artists of the sector, becoming collector’s cards, given the extremely limited number of copies.”

Meanwhile, the well-known magazine brand TIME has recently partnered with the Cool Cats NFT project in mid-August. At the end of June, Bitcoin.com News reported on the largest U.S. newspaper publishing company, Gannett, launching the firm’s first NFTs. Furthermore, on August 12, the business magazine Fortune raised $1.3 million in an NFT cover sale.

What do you think about The NFT Magazine dropping on the Ethereum blockchain? Let us know what you think about this subject in the comments section below.

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Crypto whitehat security firm CertiK bags $1 billion valuation after Sequoia raise

CertiK today announced the completion of an $80 million Series B2 financing round. This investment is led by Sequoia, with participation from existing investors including Tiger Global, Coatue Management, and GL Ventures (Hillhouse Capital’s VC arm). This not only sets the bar for the largest single round of fundraising in the blockchain security space but::Listen

CertiK today announced the completion of an $80 million Series B2 financing round. This investment is led by Sequoia, with participation from existing investors including Tiger Global, Coatue Management, and GL Ventures (Hillhouse Capital’s VC arm).

This not only sets the bar for the largest single round of fundraising in the blockchain security space but now brings CertiK’s valuation to nearly $1 billion. This is the third round of capital raised by CertiK within four months, altogether totaling just over $140 million.

There has been a substantial increase in demand for blockchain security in the past few years – mostly driven by recent blockchain hacks, and stolen cryptocurrency. In 2021, $1.3 billion in cryptocurrency was lost to hacks, exploits, and scams – a large increase from the over $500 million dollars lost in 2020.

CertiK posts record growth

CertiK has experienced incredible growth over the past year, increasing its revenues by 20x and its headcount by 4x. To date, CertiK has provided security products and services to over 1,800 clients, detected over 31,000 vulnerabilities in blockchain code, and protected over $310 billion worth of digital assets. 

“Blockchain security is an indispensable link in the commercial value chain overall,” said a Sequoia spokesperson. “We are very proud to invest in CertiK, which is deeply involved in this field. This is an important addition to our global blockchain investment landscape. We believe that CertiK can create synergies with other companies we have invested in. Our goal is that Sequoia can provide CertiK with resources to jointly develop the blockchain security market.” 

In addition to blockchain and smart contract auditing and formal verification through its Security Leaderboard platform, CertiK launched Skynet, the first 24/7, active-monitoring platform. Skynet monitors and protects smart contracts as well as blockchains against sophisticated security threats.

As the security threat landscape continues to evolve, Skynet’s strategy is to utilize large amounts of on-chain and off-chain machine learning data. With this data Skynet can adapt and evolve, to protect smart contracts and blockchains against new threats. Both Security Leaderboard and Skynet are seeing incredible growth. Since the end of 2020, Skynet’s booked revenue has grown 2,300%, and the total number of users on the Security Leaderboard has grown 2,000%. 

The newly raised capital coupled with revenue generated from both Skynet and Security Leaderboard will be used for the development and operation of more innovative products. “Smart contract auditing and formal verification are the first steps in a blockchain security service,” CertiK Co-founder, Professor Ronghui Gu pointed out.

CertiK strives to create a leadership team composed of the best talent. Dr. David Tarditi, who recently joined CertiK as Vice President of Engineering, has over 16 years of experience growing and leading engineering and research teams at Microsoft.

The post Crypto whitehat security firm CertiK bags $1 billion valuation after Sequoia raise appeared first on CryptoSlate.

The NFT Magazine Project Plans to Drop a Periodical in the Form of an NFT on Ethereum

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