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

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

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

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.

Cardano (ADA) hits milestone of 20 million transactions, but when are dApps coming?

Cardano just hit a major milestone by processing its twenty millionth transaction. What’s more impressive is that this was accomplished without a single outage in its four-year history. Despite this achievement, recent weeks have seen confidence in Cardano sink as the price of ADA struggles to gain a foothold. Since Alonzo smart contracts were rolled::Listen

Cardano just hit a major milestone by processing its twenty millionth transaction. What’s more impressive is that this was accomplished without a single outage in its four-year history.

Despite this achievement, recent weeks have seen confidence in Cardano sink as the price of ADA struggles to gain a foothold.

Since Alonzo smart contracts were rolled out on September 12, ADA has been caught in a downtrend, with little sign of a fightback from bulls.

The weekend saw the price hit a 16-week low, at $1.42, leading to a strong bounce, where ADA has been trading in a narrow band between $1.55 and $1.63 since.

Cardano daily chart
Source: ADAUSD on TradingView.com

Some have blamed the poor price action on a lack of dApps, particularly the difficulty of using the Haskell programming language. But is there any truth to this?

Cardano under fire for difficulties in using Haskell

A recent Reddit post by u/mask45 called out the lack of dApps on Cardano since Alonzo went live 11 weeks ago.

The most upvoted comment mentioned Haskell as a significant reason for this. This user concluded by saying Haskell is unnecessarily difficult to code for and unpopular with programmers, unlike Ethereum’s Solidity.

Since then, Cardano supporters have rallied to dismiss such claims as FUD. For example, one Reddit post brings attention to Runtime Verification & IELE. In effect, what this means is that developers can build on Cardano without having to use Haskell.

Developers IOHK describes IELE as a virtual machine to execute smart contracts, but with the same rigorous standards of formal verification and security that Cardano (and Haskell) is known for.

“IELE (named after a faerie-like creature of Romanian myth) is a virtual machine that executes smart contracts, and also provides a human-readable language for blockchain developers.”

As well as that, to put some context around popularity, TIOBE Software recently ranked Haskell as the 40th most popular programming language, with Solidity placed 93rd.

Hoskinson responds to criticisms over the lack of dApps

Last week, Cardano founder Charles Hoskinson gave an update on the dApp situation by saying IOHK is currently deep in the process of ironing out kinks to do with the Plutus Application Backend (PAB).

“As many of you know, the PAB is out on the testnet and people are using the PAB right now on the construction of their dApps.”

This process involves resolving technical questions with dApp developers in a “back and forth” to refine features and functionality.

He adds that many Cardano dApps are under construction, and he wouldn’t be surprised to see them released “very soon.”

Given that fundamentals, such as network reliability, remain strong, perhaps more patience is needed concerning the dApp situation.

The post Cardano (ADA) hits milestone of 20 million transactions, but when are dApps coming? 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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