Powered by Pinata is a new series on the Pinata blog for readers to learn more about Pinata’s customer base. We’re honored by all the customers that use Pinata, and we’ll be sharing some of those customers’ stories while highlighting the most interesting brands in the NFT space. Note: none of these stories are sponsored, nor have we paid to work with these brands or teams.
Every year at Hack the North, Canada’s largest hackathon, students and innovators come together to offer some of the most exciting projects and initiatives in technology. This year, we were particularly impressed with one group of finalists who created scaNFT, a hack that takes any physical item and automates the process of minting it as an NFT in just a few minutes.
The team behind scaNFT is comprised of a group of students from the University of Waterloo and the University of Guelph. Melda Kiziltan, Emerson Gabber, Patrick Kim, Shaheer Rana- all second-year students studying in mechatronics, mechanical and software engineering, had just learned about NFTs only a few days before the hackathon. With the challenge at hand, they saw an opportunity to put their minds together and apply their engineering and software skills.
The entire project was created within an astounding 24-hour span. The students shared that their proudest accomplishment was the process of learning new languages, technologies and putting them together to create this hack while playing to their team’s strengths.
ScaNFT caught Pinata’s attention at Hack the North for its potential to help industries untapped by the NFT space so far. “By generating 3D scans that create IDs of physical objects, projects like scaNFT open up the possibility of reliably transferring assets between organizations in supply chains. NFTs will produce deep visibility into the supply chain and help automate them even further, especially with the adoption of IoT devices and other sensors,” shared Kyle Tut, CEO at Pinata.
So what’s next for the students after this? In their devpost article, the students shared that they’d like to develop a true automation pipeline to completely automate the process from beginning to end. They also want to create a front end for users, add prices for the NFTs, and add more personalization and the ability to change users.
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paragraph — The first thing the music industry needs is more exposure. For artists, listeners and yeah, the labels. Even with the use cases mentioned above, the majority of the music industry still sees NFTs as a novelty rather than a legitimate way to run a business. We see a future where the experience is built and monetized on the blockchain, with labels taking part of the experience, as well.
Second, there needs to be a big jump in user experience. Listeners know what to expect with Spotify and Apple Music: a smooth, intuitive experience that lets them listen to Lil Nas X with just a few clicks. Web3 platforms aren’t quite there. Music NFTs and related premium content require extra steps that most people don’t yet have an appetite for.
paragraph — Musician Daniel Allan spent months building a relationship with the NFT community and raised 50 ETH to fund his new album, Overstimulated. Companies like Audius and artists like Vérité's, who raised $90,000 in an NFT launch, are at the forefront of exploring new ways to get paid. Avenged Sevenfold launched an NFT collection called "Deathbats Club" with 10,000 items that grants holders access to benefits such as meet and greets at shows, lifetime free tickets, limited edition merchandise, and more.
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QUOTE — Everyone is obsessed with making money and seeking alpha, which does a disservice to what [NFTs] can actually do. We have been instructing many bands that NFTs are a ticket for access to an exclusive club.” - M. Shadows, Avenged Sevenfold’s lead singer.