Audius Hacked for $1 Million Through Malicious Governance Proposal

Within the midst of a blistering $2 trillion crypto crash that has roiled the blockchain business, the world’s main blockchain-based streaming platform has sustained a seven-figure assault. In a malicious exploit that used the platform’s built-in governance construction as a way to withdraw tokens, Audius reportedly sustained a hack which noticed the perpetrator make a …

Olympic Skateboarder Nyjah Huston Launches EDM-Themed VR Expertise and NFT Assortment – EDM.com

Olympic skateboarder Nyjah Huston and Peeq’s Daniel Benlulu have partnered to launch “Chaotic DJs,” an NFT assortment and VR expertise impressed by the digital dance music group. Dwelling on the Ethereum blockchain, the “Chaotic DJs” assortment contains 10,000 tokens depicting a tiger, bunny, wolf or ape. In response to a press launch, holders can unlock real-life …

3LAU Explains How NFTs Are Shaping the Music Collections of the Future – EDM.com

3LAU’s NFT market Royal is on a mission to revolutionize the nostalgic pastime of amassing music. After launching within the second half of 2021, the platform rapidly amassed a $55 million battle chest in a funding spherical led by Andreessen Horowitz. Since then, Royal has facilitated attention-grabbing NFT collections, together with choices from Diplo and Nas. …

Digital Music Business Tops $6 Billion In 2021, Makes Key Strides In Web3: IMS Enterprise Report – EDM.com

In accordance with the newly printed annual IMS Business Report 2022, digital music continues to have an optimistic development trajectory in a wide range of key areas. As a sector, digital music was valued at $6 billion in 2021, which is up 71% from 2020, however down 20% from 2019. All through the report, encouraging …

Uncover Sweet Cult, a Competition-Centered NFT Assortment Supporting Girls In Music – EDM.com

Sweet Cult is a Web3 neighborhood with a trigger. In music business professions throughout the board, girls and marginalized teams proceed to be underrepresented. With the proliferation of NFT expertise, Sweet Cult’s cofounders, Brooke and Nick, recognized a chance to assist transfer the needle. Candy Cult is a group of 6,666 digital collectibles, randomly generated …

Kygo and Ryan Tedder Unite As Animated NFT Band, Bored Brothers – EDM.com

As digital music artists proceed to undertake NFTs to supply followers distinctive experiences, business heavyweights and Bored Ape homeowners Kygo and Ryan Tedder at the moment are making a collaborative foray into the Web3 area.  Kygo and the OneRepublic frontman are longtime artistic collaborators, writing on quite a few tracks and even performing collectively on …

Non-Fungible Nightlife: E11EVEN’s Bitcoin Convention 2022 Occasions Gasoline Miami’s Crypto Campaign – EDM.com

Within the quest to change into the nation’s crypto capital, the town of Miami has pulled forward—and E11EVEN is likely one of the keys. The $40 million Ultraclub has torn hell for leather-based into the DeFi motion, adopting cryptocurrency at a dizzying tempo as Miami officers work to include it into the town’s infrastructure. And …

First Look: Peek Inside FutureFest’s Digital Pinball Machine Forward of Kaskade’s Metaverse DJ Set – EDM.com

Planning one of many yr’s most modern concert events within the metaverse, FutureFest is on a mission to reinvent shared music experiences. Because of FutureFest, you’ll be able to quickly roam round a large, digital pinball machine as a robotic avatar—and serenaded by the sounds of Kaskade. The enduring DJ and digital music producer is …

New Blockchain-Primarily based Platform, Impartial, Lets Followers Make investments In Their Favourite Artist’s Music – EDM.com

A brand new blockchain-based platform desires to empower unbiased artists—and the followers who assist them. Primarily based on the Solana blockchain, Impartial is a decentralized market that caters to the pursuits of unbiased musicians by letting them share a bit of the pie with their followers. The aim is for artists to launch music as NFTs and monetize their …

LimeWire Returns As NFT Market to Proper the Wrongs of Its Troubled Previous – EDM.com

12 years after closing store, LimeWire is again to reckon with its controversial previous—and pave a brand new path ahead. For the uninitiated, LimeWire was the go-to peer-to-peer file sharing service that dominated the early 2000s. Predating the all-access mannequin of at this time’s streaming providers, the controversial platform was used as a workaround for …