In a groundbreaking development, dYdX, a major decentralized exchange (DEX), has made waves by launching its native blockchain. Breaking free from its Ethereum roots, this move positions dYdX as the first major DEX to assert autonomy through its own blockchain. The transition brings with it simplified token conversion and staking opportunities, offering users a fresh perspective beyond the Ethereum network.
Technical Innovations Unveiled
On October 24, 2023, dYdX Trading Inc. released the open-source software for dYdX Chain, setting the stage for a paradigm shift in the decentralized finance (DeFi) landscape. Just two days later, on October 26, the dYdX Operations subDAO proudly announced the successful launch of the dYdX Chain’s mainnet genesis. This historic moment was marked by the collaboration of Genesis Validators in creating the first block on the newly established blockchain.
Adding to the excitement, a Bridge User Interface was deployed on October 30, allowing users to seamlessly convert ethDYDX to DYDX, the native token of the dYdX Chain. This user-friendly interface, available at bridge.dydx.trade, enhances utility for DYDX token holders, facilitating the migration of tokens from Ethereum to the dYdX Chain.
Navigating the Alpha and Beta Phases
The current phase of dYdX Chain’s evolution is the Post-Genesis stage, comprising the Alpha and Beta phases. In the Alpha stage, the primary focus is on fortifying network stability and security. A key element in achieving this is the staking of DYDX tokens to dYdX Chain Validators. This strategic move enhances network security, minimizing the risk of coordinated attacks that could compromise consensus decisions.
Transitioning to the Beta stage is contingent on various factors, including performance metrics and a successful governance vote within the dYdX Chain community. The Beta stage is poised to introduce limited trading functionalities, paving the way for a fully operational dYdX Chain. During this phase, the dYdX Operations subDAO will take on the role of operating a protocol front-end and managing the operation of an indexer, with an eye on public accessibility.
Community-Driven Growth and Independence
Aligned with the goals of the dYdX Foundation, the newly launched chain and its associated technological enhancements aim to foster community-driven growth in the ecosystem. It’s crucial to note that the dYdX Foundation operates independently from entities like dYdX Trading Inc. and the dYdX Operations subDAO. While supporting the protocol’s implementations, the foundation maintains a hands-off approach to how users interact with the dYdX Chain software.
dYdX Airdrop
Grab a chance to get free dYdX token airdrops! Check it out here.
In the ever-evolving landscape of blockchain technology, Avalanche is making waves yet again. The platform, renowned for claiming to have cracked the blockchain trilemma, is set to retire SnowTrace, a Contract Chain (C-Chain) explorer run by Etherscan, by the end of November. This move is not merely a transition but a significant upgrade that could reshape the experience for developers within the Avalanche ecosystem.
The Phasing Out of SnowTrace
The upcoming transition, scheduled for completion within a month, involves redirecting the current SnowTrace website to a new platform. This revamped explorer, developed in-house by the Avalanche team, promises enhanced capabilities and a potentially improved user experience. Users keen on exploring the entirety of the Avalanche blockchain, spanning its three chains, will find this new explorer to be their go-to destination.
Reassuringly, Avalanche users need not fret about service disruptions during this transition. The team has emphasized that while the explorer undergoes a facelift, operations will continue seamlessly. The key change lies in the backend, ensuring a smoother and more capable exploration of the Avalanche blockchain.
Beyond the C-Chain: Exploring Subnets
SnowTrace, led by Etherscan, was initially designed to navigate the C-Chain, a facet of Avalanche compatible with the Ethereum Virtual Machine (EVM). This compatibility allowed users to deploy protocols compatible with Ethereum from the C-Chain. The decision to move to an in-house explorer stems from the desire to eliminate the limitations imposed by SnowTrace.
Given Avalanche’s ability to scale horizontally, the network relies on subnets – individualized blockchains catering to specific decentralized applications (dapps). These subnets operate autonomously, with operators establishing their rules, issuing unique tokens, and defining validator requirements. The launch of a subnet necessitates the staking of AVAX, with the staked amount varying based on the chain’s specifications. Every subnet remains independent yet connected to the mainnet through the Platform Chain (P-Chain), responsible for validator registration and consensus.
Not Without Controversy: Short Notice Raises Concerns
While the Avalanche team expresses confidence in a smooth transition, some developers and founders have voiced concerns. One notable complaint is the brief one-month notice period, deemed insufficient by some. Critics argue that Ava Labs should have announced the transition well in advance, allowing businesses and developers reliant on SnowTrace for on-chain data to prepare adequately.
In the wake of this announcement, AVAX prices have remained stable at spot rates, experiencing an upward trend. At the time of writing, the coin is trading around October highs, showcasing an impressive 30% increase from the Q4 2023 lows.
As Avalanche bids farewell to SnowTrace, the crypto community eagerly awaits the unveiling of the new in-house explorer, anticipating a more robust and versatile tool that aligns seamlessly with Avalanche’s commitment to scalability, security, and decentralization.
Because Mantle is built on top of the Ethereum blockchain, its users and developers may take use of Ethereum’s security features.
Mantle and other Layer-2 scaling solutions relieve the mainnet of the burden of processing each individual transaction. Rather, with the utilization of Optimistic Rollup technology. Before settling the rollup of transactions on-chain, Mantle may securely log transactions that happen on the Layer 2 using off-chain processing.
As a result, Mantle says it can provide better throughput and lower transaction costs than Ethereum, its “Layer-1” basis. Mantle’s developer guide claims that the network can accomplish a transaction throughput of 20 times larger (500 transactions per second compared to Ethereum’s 25 transactions per second) and that Mantle transaction costs are 80% cheaper than those of Ethereum.
Theoretically, Mantle users have all of the advantages of the Ethereum blockchain, except for the main disadvantages.
July 2023 marked the Mantle Network’s debut. It is the first Layer-2 solution that a DAO has introduced. The network started with BitDAO, which is well-known for having the biggest DAO treasury in the cryptocurrency world.
The BitDAO community decided to combine BitDAO and Mantle under a single name in May 2023. Since then, BitDAO has changed to become “Mantle Governance.” In June 2023, all BIT tokens were exchanged for MNT tokens at a 1:1 ratio.
Mantle Airdrop
Set up Mantle Testnet
Add Goerli network on your MetaMask via Chainlist. Then, claim Goerli testnet ETH to cover gas fees using Paradigm Faucet or Alchemy Faucet. Afterwards, add Mantle Testnet to MetaMask via Chainlist.
Claim Testnet $MNT from Mantle Faucet
Connect your wallet to the Mantle Faucet. Verify your Twitter and paste your wallet address. You can mint up to 1,000 $MNT testnet tokens.
If you don’t see $MNT in your wallet, click “Import Token” and paste the following $MNT token contract address: 0x3c3a81e81dc49a522a592e7622a7e711c06bf354
Bridge Assets from Goerli to Mantle Testnet
Use the Mantle Bridge to transfer Goerli ETH and testnet $BIT to the Mantle Testnet.
Switch the network to the Mantle Testnet. Import the token contract address of Goerli ETH, which will be shown as WETH on Mantle: 0xdEAddEaDdeadDEadDEADDEAddEADDEAddead1111
Complete Mantle Quests on Crew3 and join the Mantle Guild
Complete as many Crew3 quests as possible to get exclusive Discord roles. This could also be an eligibility criterion for the airdrop.
A decentralized exchange (DEX) platform called dYdX provides endless trading possibilities for more than 35 well-known cryptocurrencies, including as Ether, Cardano, Dogecoin, and Bitcoin. In terms of trading volume and market share, it is among the largest decentralized exchanges globally.
Antonio Juliano, an entrepreneur located in California, launched dYdX in August 2017. When the exchange was opened in July 2017, it provided Ethereum layer-1 services for lending, borrowing, and cryptocurrency margin trading.
The dYdX exchange began providing cross-margin perpetual trading in August 2021. Cross-margin trading is a well-liked strategy to prevent liquidations during periods of extreme volatility. Users can use their available balance on the platform to give liquidity to open deals.
The dYdX protocol was developed on top of STARK (zero-knowledge) Rollups powered by Starkware and Ethereum smart contracts. The platform began its existence in the cryptocurrency space by providing spot trading, and in order to decentralize its components, it has since relaunched three versions of its services. The majority of the dYdX exchange is based on trustless protocols, which are openly extendable without authorization, in an effort to decentralize the exchange.
dYdX Airdrop
If you want the grab a chance to get dYdX tokens for free, follow the steps of the airdrop below.
In a recent announcement, the Floki Inu developers revealed their ambitious plan to introduce a Decentralized Autonomous Organization (DAO) and a staking token. This proposal, now up for community vote, marks a significant step in the project’s evolution.
If the community gives its nod of approval, a reward token will become available as part of the Floki staking program. This, in turn, will initiate the launch of two pivotal roadmap items, namely Project TL and the enigmatic Mystery Project, set to unfold on October 27, 2023.
Staking for Rewards: A New Paradigm
The primary mechanism for earning the reward token is an innovative one – participants can earn it by locking and staking FLOKI tokens for a period ranging from three months to four years. Notably absent from the plan are pre-sales, private sales, or any form of fundraising associated with the token launch.
The reward token is slated for release with a small pool on both Uniswap and PancakeSwap, ensuring liquidity from the outset. However, the majority of the token’s supply will be exclusively earned through the staking of FLOKI, introducing a strategic move to reduce the circulating supply of FLOKI tokens.
Strategic Partnerships and Controversial Collaborations
Floki Inu isn’t relying solely on its community-driven approach; it has forged strategic partnerships with various institutions and projects to fortify the foundation of the planned cryptocurrency. Among these corporate allies is the controversial market maker, DWF Labs.
While controversial, DWF Labs brings a unique set of skills and perspectives to the table, potentially adding a layer of unpredictability to Floki Inu’s journey into the altcoin realm.
Conclusion
As the cryptocurrency landscape continues to evolve, the Floki Inu team is proving that there’s more to their project than meets the eye. With a bold proposal for a new altcoin, a DAO, and strategic partnerships, the coming months promise to be a defining period for the FLOKI community. As they say in the crypto world, “HODL on tight, the journey is just beginning.”
In a bold move that resonates through the cryptocurrency realm, Binance, a juggernaut among crypto exchanges, has executed a meticulously planned token burn, torching over $450 million worth of its native cryptocurrency, BNB (Binance Coin). This quarterly ritual witnessed the permanent exclusion of just over 2.1 million BNB tokens from the circulating supply, marking a pivotal moment in Binance’s strategic play in the world of tokenomics.
The Incendiary Mechanism: Unraveling the Dynamics
Binance’s burn mechanism orchestrates a sophisticated interplay between BNB’s market price and the number of blocks generated on the BNB Smart Chain (BSC) during the quarter. This intricate dance ensures a nimble and responsive adjustment, aligning the token burn process with the ever-shifting winds of the market.
A Deep Dive into Token Immolation
Token burning, for those unfamiliar, is the deliberate and irrevocable removal of tokens from the circulating supply. Binance achieves this through a meticulous relocation of the specified quantity of tokens to an address beyond the grasp of any entity—a strategic move that locks these tokens away for eternity. This reduction in circulating supply is a strategic play to enhance the value of the remaining tokens, fostering a scenario where scarcity becomes a driving force.
Beyond the Balance Sheet: BNB’s Ecosystem Prowess
Binance Coin (BNB) is not merely a digital asset; it is the life force of the expansive BNB Chain ecosystem. As the native coin of both the BNB Beacon Chain and the BNB Smart Chain, BNB plays a central role in facilitating transactions and powering the decentralized functionalities within the Binance ecosystem. The coin’s inception can be traced back to a groundbreaking initial coin offering (ICO) conducted by Binance in 2017.
The Precision Instrument: Auto-Burn System
At the core of BNB’s supply management strategy resides the auto-burn system. Engineered to whittle down the total supply of BNB to a fixed cap of 100 million tokens, this mechanism operates with precision. It fine-tunes the amount of BNB designated for the fiery embrace based on the cryptocurrency’s market price and the number of blocks generated on the BNB Smart Chain during the quarter. This dynamic approach ensures a gradual reduction in supply, harmonizing with the rhythmic pulses of the crypto market.
In conclusion, Binance’s recent quarterly token incineration, consuming $450 million worth of BNB, underscores the exchange’s commitment to a strategic and dynamic approach to tokenomics. As the crypto landscape continues its metamorphosis, such decisive moves play a pivotal role in shaping the narrative around the value and scarcity of digital assets, with BNB proudly standing at the forefront of this ongoing saga.
In the fast-evolving landscape of cryptocurrencies, a newcomer is making waves. FDUSD, a relatively new stablecoin, is shaking up the centralized exchange market, particularly on platforms like Binance. Recent data from Kaiko, a crypto analytics platform, reveals that FDUSD has carved out a market share of 16%, surpassing established players like USDC and DAI. This meteoric rise is more than double the market share of USDC across all centralized exchanges as of October 24.
The Dominance of USDT
While FDUSD is making strides, the reigning champion remains USDT, the world’s most liquid stablecoin. With an impressive market share of 75%, USDT has been a trailblazer since its inception on the Omni Protocol. Its transition to an ERC-20 token on Ethereum further solidified its dominance. USDT is now minted on various chains, including OP Mainnet, Polygon, and Algorand.
The Stablecoin Landscape
In the competitive stablecoin arena, USDC claims a 6% market share, while BUSD and TUSD hold 1% each. MakerDAO’s algorithmic stablecoin, DAI, lags behind with less than 1% market share. According to CoinMarketCap data, the total stablecoin market cap stands at a staggering $124.5 billion, with USDT commanding $84.3 billion and USDC following at $25.2 billion. In contrast, FDUSD, despite its significant market share, boasts a more modest market cap of $479 million.
FDUSD’s Ascent and BUSD’s Decline
The surge in FDUSD’s popularity aligns with a sharp decline in BUSD, previously backed by the Binance brand. In February 2023, the New York Department of Financial Services (NYDFS) ordered Paxos to halt the creation of new BUSD, triggering a downward spiral. BUSD’s market cap has plummeted from $23.6 billion in November 2021 to a mere $2 billion, even lower than the $16 billion recorded in February 2022.
Regulatory Challenges and Binance’s Shift
BUSD’s fall from grace is intrinsically tied to the regulatory challenges faced by Binance, the world’s largest crypto exchange. Regulatory crackdowns, including allegations of listing unregistered securities and violating securities laws, have led to a seismic shift. The SEC’s lawsuit against Binance and its CEO, Changpeng Zhao, further implicated BUSD as an unregistered security.
Kaiko’s assessment highlights the correlation between the rise of FDUSD and the decline of TUSD. In a strategic move, Binance ceased promotion of TUSD in August, favoring FDUSD. A zero-fee campaign for the BTC-FDUSD pair catalyzed a surge in the stablecoin’s trading volume.
The Singular Presence of FDUSD
Notably, FDUSD is currently exclusively listed on Binance, unlike its counterparts such as USDC and TUSD, which are available on over ten crypto exchanges. This singular presence raises questions about FDUSD’s future expansion and its ability to maintain its momentum in the competitive stablecoin market.
In conclusion, FDUSD’s remarkable ascent in centralized exchanges signals a shifting landscape in the stablecoin ecosystem. As regulatory challenges reshape the industry, the battle for market dominance among stablecoins intensifies. The coming months will reveal whether FDUSD can sustain its growth and expand its reach beyond its current stronghold on Binance.
Unlike traditional contests hosted on centralized exchanges, the NewDegen 2023 tournament will unfold on Bitget Swap’s decentralized exchange (DEX). This move reflects Bitget Wallet’s commitment to promoting decentralized finance (DeFi) and embracing the evolving landscape of blockchain technology.
From October 19 to November 18, crypto enthusiasts are invited to participate in the NewDegen 2023 competition, a showcase of skill and strategy in the decentralized realm. Bitget Swap, integrated into the Bitget Wallet platform, serves as the battleground for traders seeking not only financial rewards but also exclusive SBT badges.
A Celebration of DeFi Evolution
For Bitget Wallet, NewDegen 2023 represents more than just a trading competition; it is a testament to the growth of the DeFi ecosystem. This event celebrates Bitget Wallet’s evolution and pays tribute to the unwavering spirit of DeFi enthusiasts globally.
Karry, the CEO of Bitget Wallet, emphasized the transformative role of DeFi in the crypto landscape: “DeFi stands as a testament to its revolutionary role in the crypto world. It’s not just a trend; it’s the driving force that’s pushing the boundaries of blockchain technology.”
Individual and Team Triumphs
Participants in the NewDegen 2023 competition have the flexibility to compete individually or as part of a team. Distinct evaluation metrics apply to each category, ensuring a fair and engaging experience for all.
In the individual competition, traders have the chance to claim a portion of the impressive USDT 50,000 prize pool. Top performers may also secure coveted “SmartMoney” or “GemHunter” prizes, along with exclusive SBT medals. The top three participants in each category will be eligible for substantial rewards.
For those inclined towards team competition, prizes earned by the team will be distributed among its members. Teams can vie for their share of the 40,000 USDT prize pool and exclusive SBT medals, with rewards allocated based on team size and cumulative trading volume.
CHZ Joins the Chiliz Chain
In a recent announcement, Bitget revealed its involvement in the launch of Chiliz (CHZ) on the Chiliz Chain. This development allows Bitget to facilitate CHZ deposits directly on the Chiliz blockchain. Furthermore, plans are in motion to enable users to withdraw CHZ directly using the Chiliz blockchain in the near future.
As Bitget Wallet continues to innovate and embrace the decentralized landscape, the NewDegen 2023 competition stands as a testament to its commitment to the evolution of DeFi and the broader crypto community. Traders and enthusiasts alike are invited to embark on this exciting journey in the world of Web3 Degen trading. May the best traders emerge victorious in the decentralized arena of Bitget Swap’s DEX!
Talk of fractional nonfungible tokens (F-NFTs) is rife in the IT community. They are the most recent advancement in the NFT market, and they have the potential to completely alter the architecture of NFTs while also providing investors with new opportunities.
Anyone who has been keeping up with NFT developments is aware that NFTs frequently make the news due to their absurd values. Popular NFTs can cost millions of dollars, making them unaffordable for the typical consumer. The development of F-NFTs was prompted by the requirement to address this issue.
The concept of F-NFTs is quickly gaining traction. Their launch is viewed as a revolutionary step that will push the limits of what is practical in the ownership of digital assets.
A Fractional NFT is What Exactly?
An NFT that has been divided into fractions and sold separately is known as an F-NFT, sometimes known as a fractionalized NFT.
A practical illustration of NFT fractionalization is the Doge NFT sale. The Doge meme, an NFT, was sold for a staggering $4 million in June 2021. After purchasing the NFT, PleasrDAO later made fractional ownerships of the NFT available to supporters for as little as $1 in $DOG tokens.
Art is the source of inspiration for F-NFTs, however this is not the sole use for F-NFTs.
Use Cases of Fractional NFTs
F-NFTs and gaming
You may purchase, trade, and possess numerous in-game products, some of which are NFTs, in the majority of play-to-earn cryptocurrency games. F-NFTs may be used in these multiplayer games to let players to pool their resources and trade pricey in-game items by investing in their fractionalized shares. By offering fractionalized ownerships of ultra-rare Axies, one of its most well-liked in-game NFT assets, Axie Infinity, an NFT-based online video game, is already exploring the viability of F-NFT trade.
F-NFTs and the metaverse
We may anticipate a significant increase in funding for metaverse-related initiatives as the concept becomes more widely accepted. Businesses like Sandbox and Decentraland have already entered this market.
F-NFTs may be utilized to enable corporations, individual investors, and even small organizations to gather together and purchase virtual land and other comparable digital assets within the virtual world.
F-NFTs and real estate
By substituting middlemen with smart contracts to facilitate a quick and secure transfer of ownership, NFTs can substantially speed up the process of purchasing real estate. Other significant advantages of converting a real estate asset into an NFT include immediate ownership settlement and a streamlined transaction process. Additionally, because the ownership and rights history may be directly recorded on a blockchain, it is often quick and simple to verify transaction information.
In that they permit the acquisition and sale of properties without the need of a middleman, F-NFTs are comparable to NFTs. The sole distinction is that F-NFTs let numerous people, as opposed to just one, to share ownership of the property. Although F-NFTs have not yet become a mainstay of the real estate sector, it is clear that their use will eventually make real estate investment simpler and more accessible.
How do Fractional NFTs Function?
We will attempt to explore fractionalization using an ERC-721 NFT as an example as the majority of NFTs adhere to the Ethereum ERC-721 standard.
This NFT has to be locked in a smart contract that will divide the ERC-721 token into a number of ERC-20 tokens in accordance with the instructions provided by the NFT owner before it may be divided into fractions. Everything is specified by the owner, including the quantity of ERC-20 tokens to be produced, their pricing, the metadata to be utilized, and any other features they think significant. Each produced fraction or ERC-20 token represents a portion of the NFT. The fractions can then be offered for sale for a set period of time or until they are all gone for a set price.
To further understand how F-NFTs function, let’s look at an example. We are all aware that one of the most well-known pieces of art ever made is Edvard Munch’s The Scream from Norway. In reality, New York investor Leon Black purchased it for about $120 million in 2011 when it was placed up for auction by Sotheby’s. Imagine this piece of art as an NFT. It is simple to assume that its price will be in the millions and that only a small number of affluent investors would be able to afford it. But if this astronomically expensive NFT could be fractionalized into, say, 10,000 ERC-20 tokens, one might invest in the piece for as little as $12,000 a fraction.
Therefore, fractionalization makes pricey and uncommon NFTs more accessible and appealing to even small- and mid-sized investors.
It’s crucial to keep in mind that fractionalized NFTs aren’t exclusive to the Ethereum network. Any blockchain network that accepts smart contracts and NFTs is capable of fractionalization. F-NFT ownership transfers can be facilitated via networks like Polygon, Solana, and Cardano.
Is Fractionalization Required for NFTs?
The price of owning an NFT is rising significantly as they become more and more popular. Only through fractionalization will pricey NFTs be made accessible with democratized ownership. Fractionalization produces intriguing outcomes. It first guarantees affordability. Second, the value of the fractions that other stakeholders hold would not be impacted if one of the fractional owners decided to sell their portion at a lower price. Third, purchasers who are ready to pay less for fractionalized ownerships will still be drawn to NFTs even if their bidding prices rise during an auction.
The Advantages of Fractional NFTs
Cost-effective pricing discovery
For NFTs, F-NFTs provide effective price discovery. The method by which a market chooses the appropriate price for an object is known as price discovery.
Pricing newly formed NFTs and NFTs with little to no transaction history is typically challenging. By enabling the division of an NFT into several sections, which may subsequently be made available to the market for bidding, fractionalization facilitates the price of NFTs. This aids in determining an NFT’s pricing depending on market demand.
F-NFTs are a rapid method for determining the market value of uncommon and special NFTs. Additionally, the value of an NFT’s fractions grows as its price does. However, as is frequently the case with cryptocurrencies, an NFT might also rapidly lose value, in which case the prices of the fractions will also decrease simultaneously.
High liquidity
NFTs have value since they are uncommon. They are still less liquid as a result than many other trading digital assets. Due to its ability to allow smaller investors to hold assets collectively, F-NFTs increase liquidity in the NFT market. The quickest and most efficient way to sell pricey NFTs is through fractionalization. Therefore, you may fractionalize an expensive NFT into as many parts as necessary to achieve the right degree of affordability if you possess one and are having trouble selling it. NFTs are now more enticing to investors thanks to fractionalization, which has also successfully addressed the liquidity issue this asset class was having.
Curator incentives
The NFT marketplace of the NFT owner’s choice will pay them a curator fee if they divide their asset into fractions. Although the owner is free to decide and alter this fee’s amount, there is a cap on it to prevent overcharging.
The series will feature a number of never-before-published photographs and artworks from the legendary American painter’s vaults.
In a joint statement on Wednesday, the Norman Rockwell Museum and the Rockwell Family announced the beginning of a multi-part series supported by NFT that will give collectors access to a number of digital and tangible works by the late artist, including a number of never-before-published photos and process artworks from the Norman Rockwell archives.
This series, “Studio Sessions: The Norman Rockwell Collection,” is the Rockwell estate’s first excursion into NFTs. It was created in association with Iconic, a digital platform that helps established art institutions test out cutting-edge technology. A similar group of NFTs were made available on the Ethereum network earlier this year thanks to collaboration between Iconic and the Jackson Pollock Studio.
The NFTs will be available for purchase by credit card or with Ethereum, however pricing points for each item have not yet been disclosed. “Studio Sessions” will be made accessible on November 1 on Iconic’s website. Until then, specifics on which works will make up the collection will be kept under wraps.
The Norman Rockwell Museum’s primary goals of ensuring public access to Rockwell’s works, encouraging the next generation of illustrators, and supporting the Norman Rockwell Family’s management of the artist’s legacy will all benefit from the sale’s proceeds.
American painter Rockwell, who passed away in 1978, was well-known for his depictions of commonplace moments in American culture and life during the twentieth century.
There will be glimpses inside the tens of thousands of preparatory sketches, photo shoots, drawings, and painted color studies that went into each of Rockwell’s paintings in “Studio Sessions”. Each episode of the series will be titled “Session,” and each NFT from the collection will include a corresponding, limited-edition, museum-quality print. Each “Session” will center on a certain, well-known Rockwell picture.
Norton Moffatt, the director of the Rockwell Museum, said in a statement, “We see our entry into the world of digital editions as a new way to carry forward and deepen our crucial cultural work to preserve, present, and champion Norman Rockwell and illustration art.” “This project strengthens our dedication to meaningful and inventive innovation,”
