Another week has passed and #MetaHash team is glad to present you fresh news from the blockchain world! Check out three most interesting news of the week:

Andy Warhol painting is for sale on ‘World’s First’ Crypto Art Auction

The story:

The “world’s first cryptocurrency art auction” on Blockchain will be selling fractional ownership of Andy Warhol’s 14 Small Electric Chairs on June 20.

Details:

Recently, blockchain platform Maecenas has announced that it will organize the “world’s first cryptocurrency art auction”, the press release says. The platform will sell off a share of Andy Warhol’s 14 Small Electric Chairs at art gallery Dadiani Syndicate on June 20. This value is estimated at $5.6mln. Maecenas is going to sell 49 percent ownership. The Dadiani Syndicate gallery accepts cryptocurrency since 2017, including Bitcoin, Ethereum, and Litecoin (LTC) as payment options.

Why it is important:

Blockchain tech is being applied in the art market to solve previous problems of verifying providence, copyright, ownership, and valuation and authenticity of a piece.

Nasdaq CEO thinks cryptocurrencies are at ‘Height of Hype’

The story:

Adena Friedman, president and also CEO of Nasdaq Inc., said that cryptocurrencies are at “the height of a hype cycle” on her last interview on June 5.

Details:

Adena Friedman thinks that cryptocurrencies are at “the height of a hype cycle” with the growing number of players in the industry. Friedman also talked about blockchain. In her view, while the technology is quite scalable, at the present time it cannot scale sufficiently to support their ultra-high volume of trading, although she said it could still possibly assist some markets.

Why it is important:

Cryptocurrencies are becoming more and more indispensable part of our lives. Moreover, it provides new opportunities for different activities and projects.

Hyperledger: Blockchain will diminish power of tech giants on the market

The story:

Recently, executive director of Hyperledger said he expects blockchain technology to reduce the influence of Silicon Valley’s major technology companies on the market.

Details:

In the latest interview Brian Behlendorf, executive director of Hyperledger, noted that he considered there is the coming wave of technology that Silicon Valley’s companies can’t handle with. Also, he added that he sees a parallel between the current blockchain and the dot-com craze of the late 1990s. According to Behlendorf, we can infer that the time of Silicon Valley’s owners-capitalists has passed.

Why it is important:

Blockchain is getting more and more recognition. Talks about it being able to compete with major tech companies of California (Apple, eBay, Facebook, Netflix, etc.) did not appear yesterday. Blockchain technology has a potential to throw tech giants from their throne.

Our website

#MetaGate

Telegram

Twitter