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The NFT Market Is Still Thriving
Thursday's Top Tech News
NFT Wars: Zero-Fee Upstart Roiling Big Marketplaces Like OpenSea
OpenSea and another non-fungible token (NFT) marketplaces are facing a severe drought as trading fees tumble to zero due to a fierce price war. Smaller startups are holding off on cutting fees while market leaders like OpenSea have eliminated transaction fees in a temporary move to compete. The race to the bottom threatens to burn through NFT startups’ cash reserves, forcing companies to diversify their revenue streams by charging NFT creators to promote or list their collections.
Tech Companies Are Trying To Woo Wall Street
Tech companies are now encouraging their employees to return to the office, with some even issuing mandates to work in the office at least three days a week. While this may please investors, it will not result in productivity gains unless companies build new routines to help employees make the most of their time there. Meanwhile, Snowflake, a company that focuses on efficiency, reported its fourth-quarter results, which showed that it turned more of its revenue into cash compared to Salesforce. Despite this, Salesforce's stock jumped by 12%, while Snowflake shares fell.
Dashlane To Support New Third-party Passkey Sync Feature In Android 14
Password manager app Dashlane is launching a new feature that allows users to create, store, and sync passkeys on smartphones running the upcoming Android 14 OS. This is made possible by the new abilities added to Android 14 that allow third-party password managers to use logins with compatible apps on the platform. Dashlane's passkeys, which are based on the FIDO standard, make it difficult for malicious parties to phish access from users, as there are no passwords to steal. The feature will compete with Apple's and Android's built-in password managers. However, app makers and websites will have to adopt the feature for users to rely on it.
Dan Harmon’s NFT Animated Series Has Already Been Renewed For A Third Season
Fox has ordered a third season of Krapopolis, Dan Harmon's animated series about a family of deities, monsters, and humans trying to run an ancient city. Originally planned to premiere last year, Krapopolis has been delayed several times and is now expected to debut during the football season in the fall/winter 2023-24 television season. Fox has also developed an NFT marketplace where people can buy digital goods and access exclusive content. While Fox seems optimistic about the show's prospects, whether the delayed release and NFT ecosystem will attract audiences remains to be seen.