Bitcoin News and Finance
SXSW’s 2022 Festival in Texas to Host Major On-Site NFT Workshop for Participants Skip to main content

SXSW’s 2022 Festival in Texas to Host Major On-Site NFT Workshop for Participants

SXSW's 2022 Festival in Texas to Host Major On-Site NFT Workshop for Participants

On Thursday, South by Southwest (SXSW) Conference and Festivals announced the company will be minting the first SXSW NFT, and at the 2022 festival in Austin, Texas, participants will be able to tokenize their work using NFT technology. SXSW’s 2022 festival will be held on March 11-20 and will feature a major on-site NFT workshop for artists, filmmakers, and brand participants.

SXSW Plans to Drop It’s First NFT at This Year’s 10-Day Festival — Blockchain Creative Labs to Issue NFTs

According to an announcement stemming from SXSW, the annual conglomeration of parallel film, music and art festivals, and interactive media, this year’s festival will have a strong focus on non-fungible token (NFT) technology.

The creative NFT studio and business backed by Fox Entertainment, Blockchain Creative Labs (BCL), will be the official blockchain sponsor of SXSW. This year’s 10-day event will feature the first SXSW non-fungible token (NFT) and BCL will also be “offering NFT Services” to SXSW participants.

The partnership between SXSW and BCL follows the recent NFT marketplace announcement from the major pro-wrestling entertainment company WWE. At the 2022 festival, NFTs crafted by BCL will be hosted on the blockchain crafted by Eluvio.

Similar to the WWE announcement, SXSW NFTs will be “interoperable to Ethereum and other third-party crypto wallets.” Eluvio’s technology is also used for “The Masked Singer” NFTs and marketplace.

SXSW CTO: Blockchain-Powered Content Will Assimilate Into the Mainstream

South by Southwest, also referred to as “South By” is operated by the company SXSW, LLC. The annual conference has been popular since its inception in 1987 and Penske Media Corporation purchased half the company in April 2021. Every year, the SXSW festival has grown in size and in 2019, the first 2020 presidential race forums took place at the event.

“SXSW sparks meaningful conversations and collaborations between tech and creative thought-leaders that drive innovation, forge new business models, empower artists and, ultimately, enhance the audience experience,” Scott Greenberg the CEO of Blockchain Creative Labs and the co-founder of Bento Box Entertainment explained. The creative NFT studio executive added:

SXSW 2022 will be an event to remember — not only because it marks its long-awaited return, but also the moment to show how blockchain-powered content will assimilate into the mainstream and serve as a look into the near future and the wonders of Web3. We at Blockchain Creative Labs are proud to partner with SXSW on this major sponsorship.

Justin Bankston, SXSW’s chief technology officer said he looks forward to partnering with BCL. Blockchain tech and NFTs will bring a new form of engagement, Bankston said in a statement during the announcment.

“It’s an awesome opportunity for our community to engage with exciting new applications of NFT and blockchain technology specifically focused on the success of content creators,” Bankston said on Thursday. “Blockchain Creative Labs’ innovative approach to harnessing cutting-edge technology to empower these artists embodies the spirit of SXSW and continues our purpose of helping creative people achieve their goals,” the SXSW CTO further remarked.

What do you think about SXSW engaging in non-fungible token (NFT) technology and teaming up with BCL? Let us know what you think about this subject in the comments section below.

Labels:

Comments

Post a Comment

Popular posts from this blog

Custodial Lightning Network Service Attack Discovered by LN ‘Newbie’ — Hacker Strikes 6 LN Custodians

On September 18, a Redditor posted to the r/bitcoin forum and explained how he discovered a way to “attack [the] lightning Network’s custodial services.” The Reddit account dubbed “Reckless Satoshi” wanted to figure out if a “discrepancy between real routing fees and service’s transaction fee can be exploited for a profit.” The researcher disclosed that he wanted to see how large the damage could be and said “it is bad.” 6 Lightning Network Custodial Services Attacked, Researcher Discloses Findings to Offenders Prior to Public Disclosure A Redditor called Reckless Satoshi published a disclosure post on r/bitcoin this past Saturday and disclosed how he had found a vulnerability with routing fees and some of the Lightning Network’s custodial services. The research attack was done in good faith and after it was complete he disclosed the bugs to the offending services before publishing his findings. Reckless Satoshi used the Lightning Network (LN) attack on six different services incl
Post a Comment
Read more

Axie Infinity Down 40% Since Last Week’s Price High, Protocol Revenue Outshines Competitors

Last week, the game token leveraged within the Axie Infinity gaming universe skyrocketed to all-time highs, while other crypto markets remained extremely lackluster. During the last seven days, Axie Infinity’s platform token has dropped significantly in value shedding more than 12%. Meanwhile, the game platform’s smooth love potion token has slid over 8% over the last 24 hours. Axie Infinity Down More Than 40% Since All-Time High Not too long ago, the axie infinity (AXS) token was a topical conversation because it reached an all-time high on July 15. At the time, AXS managed to capture $28.93 per unit and since then it has shed 12.8% during the last seven days. The axie infinity (AXS) token is used within the blockchain-based game that involves battles between token-based creatures called “Axies.” AXS is used for the game’s governance system as well as other actions within the game. At the time of writing axie infinity (AXS) is exchanging hands for $16.70 per coin. AXS/USD on Ju
Post a Comment
Read more

Play-to-Earn Game From Polker (PKR) Exchange Listing – Endorsed by Akon

The Play-to-Earn NFT based Polker.Game ‘s native token $PKR has been officially listed on the popular centralized exchange BitMart. Polker.game has been in the spotlight recently as Akon, the American R&B superstar and record producer gave his official endorsement of polker stating that the “game is revolutionary” and that Polker is “hands down.. the best play to earn, NFT game in the space.”. With the BitMart listing and celebrity endorsement from Akon, Polker is perfectly positioned to become a major player in the Play-to-Earn league. Watch Akon’s Video Here What is Play-to-Earn? Although not a new concept, play-to-earn has become a trending term due to the popularity of the NFT game AXIE infinity. In the past, previous play-to-earn games have also achieved success – however, thanks to the huge amount of development in the blockchain space in recent years the gaming experience is now massively improved. Play-to-Earn games are essentially free to play and open to anyone and
Post a Comment
Read more

China to Crack Down on Copyright Infringement Through NFTs

Authorities in China are going after creators of digital collectibles based on other people’s works of art, the use of which was not authorized. The government offensive is part of a campaign to combat online copyright infringement and piracy with the participation of several departments. Regulators in China Move to Strengthen Copyright Supervision of Online Platforms The National Copyright Administration of China (NCAC) has recently launched a campaign against copyright infringement and piracy on the internet, together with the Ministry of Industry and Information Technology, the Ministry of Public Security, and the State Internet Information Office of the People’s Republic. A major objective of the initiative is to improve copyright supervision of online businesses by investigating cases involving the sale and distribution of infringing products on short video, live broadcast and e-commerce platforms, and promptly dealing with infringing content, the agency announced in a press r
Post a Comment
Read more
Blogarama - Blog Directory