Canon Will Launch Ethereum-Based NFT Art Market Cadabra

Canon USA is preparing to launch a curated photography marketplace for NFTs called Cadabra that is expected to go live in the U.S. later this year and expand globally thereafter. Canon previewed Cadabra at the annual NFT.NYC show, revealing few details other than it will mint its NFT transactions on the Ethereum blockchain and allow participating photographers to offer physical prints along with their NFT drops, which Canon will fulfill. Although some NFT marketplaces require customers to make purchases with specific cryptocurrencies, Canon says Cadabra will support credit and debit cards along with cryptocurrency wallets. Continue reading Canon Will Launch Ethereum-Based NFT Art Market Cadabra

CES: Crypto Leaders Weigh Benefits of Wallets, Self-Custody

CoinDesk managing editor Toby Bochan, who moderated a CES panel on “How to Keep Control of Your Crypto” noted the industry is in a “crypto winter” in the aftermath of the FTX meltdown. Panelists pinpointed crypto wallets and other self-custody technology to create trust and ease-of-use for wary customers. Bitski head of product Jasmine Xu noted that newbies face unfamiliar phraseology and uncertainty about the security of their crypto assets. Exchanges are intimidating and untrustworthy for many considering crypto. Xu’s company stores keys in a digital wallet, she said, to “give consumers the safety they need.” Continue reading CES: Crypto Leaders Weigh Benefits of Wallets, Self-Custody