Trending December 2023 # Magic Eden Makes Creator Royalties Optional. We Got Community Feedback # Suggested January 2024 # Top 13 Popular

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The debate surrounding creator royalties in the NFT space has yet to find a conclusion. Considering the fast-paced nature of the market, it comes as no surprise that key players in Web3 are changing their position on royalties and other hot topics, and breaking news that creates normalizing waves throughout the ecosystem.

One such key player is Magic Eden. In September, the Solana NFT marketplace giant announced the launch of MetaShield, a new suite of tools designed to help NFT creators protect their royalties. Now, the platform has doubled back, stating that creator royalties will now be optional on the marketplace.

The NFT community’s response to the news was polarized. Although Magic Eden stated via social media that the decision stems from the fact that creator royalties “are not enforceable on a protocol level,” some feel that the move was a slap in the face to creators, while others believed it was simply inevitable.

So what happened that led to this decision? And what does Magic Eden have to say about it?

Magic Eden says goodbye to royalties. But why?

While it does seem like quite a 180-turn for Magic Eden to offer new protections for creator royalties, only to strip them down a month later, the platform doesn’t seem to have acted out of malice. On the contrary, when announcing this decision to the public, the company communicated that it was made with much difficulty, but ultimately came after deliberating internally and fielding input from Magic Eden traders and creators.

“We have actively been trying to avoid this outcome and spent the last few weeks exploring different alternatives,” Magic Eden stated on Twitter. “Unfortunately, royalties are not enforceable on a protocol level, so we have had to adapt to shifting market dynamics.”

Could it truly be as simple as that? It definitely seems so.

Interest in optional creator royalties has grown in the NFT market, and Magic Eden’s ecosystem is no exception. Now, the decision of paying royalties has been passed from the seller to the buyer. So, regardless of a royalty split set by a creator, it’s up to the buyer’s discretion to pay all, some, or none of the kickback percentages that creators think they deserve.

In conjunction with the decision, Magic Eden has also waived all platform fees for the foreseeable future, meaning that the standard two percent fee collected by the marketplace will be dropped for the time being. The platform also announced a Creator Monetization Hackathon to develop pro-royalty and alternative creator monetization tools.

Although some seem to think the $1 million hackathon was organized to help curry favor with the NFT community, Magic Eden has continued to communicate the regretful nature of their optional royalties decision, tweeting that the company hopes the change will not be permanent.

What does the NFT community think of the move?

While those in the NFT community may have varying opinions about this move from Magic Eden, optional royalties are nothing new in Web3. As prominent Artist Bryan Brinkman put it, “the idea of ‘optional’ royalties is a misnomer,” noting that collectors have long been circumventing royalties via trades and backchannels, according to an interview with nft now.

“Magic Eden is just chasing the trends and making avoiding royalties easier technically and ethically flexible,” Brinkman said. “I think markets can do what they wish, but if you push optional royalties for creators, the next logical phase is optional fees for marketplaces.”

Just as we’ve seen platforms like sudoswap, X2Y2, and Yawww emerging as opponents of cookie-cutter creator royalties, the popularity of zero-fee marketplaces cannot be ignored. And of course, while the conversation surrounding this Magic Eden news has stirred up disdain in the NFT space, the company’s decision to make royalties optional speaks to the viability of creator royalties in the NFT space.

Beeple went on to note that creators could potentially “disable” NFT metadata if royalties aren’t paid (much like MetaShield hoped to empower creators to do), or take measures that are less punitive and more geared toward “premium” versions of NFTs. In his Twitter thread, he reminded his followers that NFTs don’t come with built-in royalty splits, and that they are something that must either be offered or honored by NFT marketplaces.

Yet to Betty, co-founder of the influential Deadfellaz project, the importance of creator royalties to power the NFT space cannot be understated. “There’s not a single project in this ecosystem that hasn’t used royalties to build,” Betty stated via Twitter. She also noted that Magic Eden’s decision could serve to make it harder for smaller creators to be self-starters and achieve higher status without the financial benefits of royalties, tweeting: “your faves with huge volumes? Would they have catapulted to where they are without royalties?”

Who suffers the most from this? Smaller creators, the least funded, least connected. Who make up that cohort by demographic? This is ridiculous.

— BETTY (@betty_nft) October 15, 2023

The argument coming from artists in the space is salient, to be sure. But on the other hand, collectors continue to oppose options that take away their choice in the matter, leaving them to be forced into paying secondary fees on top of their often sizable transactions. And beyond the matter of choice, some have even cited another point of contention, that many pump-and-dump schemes and rug pulls have made use of royalties to slowly accumulate wealth.

So again, it is the necessity and the viability of royalties that is most prominent in the discussion surrounding Magic Eden’s actions. Because whether or not royalty percentages are set at a smart contract level, marketplaces have the opportunity (not a requirement) to honor and implement them.

How are creators affected by all this?

Quite obviously, Magic Eden making royalties optional affects creators the most. It’s no stretch to say that unenforced royalties will benefit collectors the most, as they can now choose how much they pay creators when purchasing a piece on the secondary market. It’s highly unlikely that collectors will opt to pay more for their NFTs if given a choice.

Although Beeple made some good points about the viability of a “buyer’s premium,” it’s perhaps only established artists and well-endowed collections that would benefit from this model. Meaning that, as Betty noted, smaller artists would find it difficult to accrue profit over time, and would likely struggle to gain a foothold by taking punitive measures regarding the payment (or lack thereof) of royalties.

As far as Brinkman is concerned, Magic Eden’s decision could change how creators release work. “We will see less free mints and airdrops, and more creators holding back mints for themselves,” said Brinkman. “In the same way we have seen creators take more control over their smart contracts and primary sales, I believe we will see creators move away from the marketplaces and move towards more bespoke secondary marketplaces that can offer incentives catered more towards artists and collectors.”

Although the creator royalties debate feels like a two-group engagement — those who support royalties and those who don’t — marketplaces remain the third party that truly has the power to move the needle. Regardless of what artists and collectors say, it’s the actions of the platforms that make releasing and trading NFTs possible that matter most.

This is precisely why Magic Eden’s decision, in addition to news from other platforms like Blur (which aims to reward collectors for paying royalties) is so pressing. Truly, compelling points have been made by all parties in the creator royalties debate. But until there comes a method that pleases everyone, the discussion continues.

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Cloudbet At 5: Who We Are & How We Got Here

Five years is an eternity in crypto. Since Cloudbet was first launched, the landscape has changed countless times One thing has been constant though-out, the community.

Win Bitcoin to celebrate our fifth anniversary

Cloudbet is born

How Cloudbet built trust

Rewarding the early players

What went wrong

What the future holds

These are the dates that made us.

October 2013 – Cloudbet is born – Bitcointalk makes the delivery November 2013 – Adjusting our limits November 2013 – Instant Withdrawals

January 2014 – Rewarding our earliest players

The Welcome Bonus was intended to be a short-lived promotion, but is still available to this day, though active players can expect a wider range of ongoing incentives across sportsbook and casino.

February 2014 – Cloudbet Live Casino launch

Each month we add more games to our casino. And as our range of online slots grows, the number of winners also increases.  Our casino has seen a number of successful players, the most impressive of which was the record 160 BTC ‘Troll Hunters’ winner, to players learning the ropes in the free to play area, our casino welcomes everyone.

May 2014 – Trust & Security

As much as we recognized the importance of gaining trust we also realized that we had to demonstrate that funds held by Cloudbet were secure, so the decision was made that Cloudbet would go to market offering cold storage as standard. If you’re not sure what that means you can read this article about why it’s important, but in short we keep all funds offline – except for those required to honor withdrawals – where they are impossible for hackers to reach. And we’ve done that since day one.

Security has remained a fundamental aspect of our service, and as recently as June of 2023 we took further measures to make accounts even more secure, adding SMS Verification. By registering your phone number to your account you get a further layer of security.

July 2014 – Live betting for the World Cup

As well as listening via communities like Bitcointalk we regularly survey our customers, and we consistently hear ‘we love your live betting options’ but equally ‘we want more’. We are listening, and are continually expanding live markets.

January 2023 – The First Steps For Localisation

Though Bitcoin has proven itself to be a global currency, we knew that as long as our site was only available in English, we wouldn’t be offering the best experience possible. That’s why in January 2023, we rolled out Korean and Indonesian translations for our site. This was followed by Turkish, Chinese and Russian. In our quest to bring bitcoin gambling to as wide an audience as possible, we’ll be looking to add even more in the coming months.

April 2023 – Bitcoin Cash & Fork Funds

Introducing a new currency might be enough for most sportsbooks. But not us. As another way of giving something back to our players, in the same month as we launched BCH as a currency on Cloudbet,  we honored the Bitcoin Cash fork. Every player who had bitcoin funds in their Cloudbet account at the time of the fork was granted corresponding Bitcoin Cash to match their bitcoin balance. If you were playing with us at that time, check your account, you might still have some of your windfalls. Adding Bitcoin Cash has proven to be a popular choice, with over 11,000 BCH paid out as winnings in our sportsbook since it launched, and players still place huge amounts of bets daily.

May 2023 – More than just a bitcoin betting site Getting things wrong

Thanks to the early improvements and the feedback from the community from our early adopters we saw incredibly rapid growth in the number of our users. It was an incredibly exciting time for us, despite bitcoin having a troubled year, we saw more players than ever before. But it wasn’t all smooth sailing. We weren’t able to respond to our customer’s queries as quickly as we’d like. And there’s a good chance that some were frustrated by that. Even though we couldn’t sort the situation out as quickly as possible, it was a reminder that we had to invest in the right places.

What does the future hold?

Google Chrome Crashes On Windows 10/11? We Got Fixes For It

Google Chrome crashes on Windows 10/11? We got fixes for it

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Google Chrome is probably one of the most popular browsers, but just like any other application, it has its share of errors.

Many Windows 10 users reported that Google Chrome crashes on their PC.

Having additional problems with Chrome? Be sure to check our Chrome hub, for more useful guides.

We even have a Browsers section filled with similar articles covering all major web browsers.

Try Opera One, a browser with various functionalities already built-in!

A flawless browser like Opera has most functions already under the hood.

Here’s what’s included by default:

Easy and intuitive workspace management

Ad-blocker mode integrated to load pages faster

WhatsApp and Facebook Messenger

Customizable Ul and AI-friendly

⇒ Get Opera One

Microsoft released quite a few Windows 10 post-RTM build for insiders over the years, but they are still far from bug-free.

Reportedly, a lot of users of Google Chrome who are testing the latest build said that the browser just crashes, for no particular reason.

Why is Chrome crashing all the time?

According to various reports, the 64-bit version of Google Chrome doesn’t work in particular Windows 10 build versions. On the other hand, the 32-bit version works just fine.

You can try it yourself, just run the 64-bit version of Google Chrome, and you’ll probably get a crash report and a bunch of error messages.

So, why does this happen? Google Chrome uses a special technology called sandbox, which isolates the browser’s processes in order to reduce the vulnerability of the browser and reduce the chance for malicious software to get to your computer.

Cutting through the noise, it looks like the sandbox is breaking in the Win10 10525 previews for 64-bit Chrome, said Justin Schuh, a Google software engineer, in one of his messages on the Chromium bug tracker.

We will be listing several solutions for this issue in the article below. Know that these solutions will also work if you are experiencing the following problems:

Chrome crashing Windows 10

Chrome keeps crashing Windows 10

Google Chrome keeps crashing Windows 10

Google Chrome crashing Windows 10

How to fix Chrome crashing on Windows 10

How can I fix Google Chrome crashes on Windows 10? 1. Disable sandbox

This should restore the functionality of Google Chrome in Windows 10, but it takes some risks with it.

Namely, when you disable the sandbox feature of your Chrome browser, it will become more vulnerable, and potentially malicious content will find an easier way to enter your computer through the Google Chrome browser.

But, if you don’t want to mess with your security in the Chrome browser, you can switch to the 32-bit version, or maybe try another browser, until Microsoft comes up with the solution.

And, since this issue is now widely reported, I’m sure that Microsoft’s developers will start working on the solution, along with the fixes for other bugs.

If you have any other Windows 10-related issues you can check for the solution in our Windows 10 Fix section.

2. Try out a different browser

If Google Chrome continues to have stability issues, then one solution would be to simply switch to a different browser until you manage to fix it.

One particular browser that is extremely stable is Opera. It shares many features with chrome, such as the Chromium engine, and therefore the equally-large library of extensions.

Additionally, it is extremely fast and lightweight, while still managing to provide some much-needed tools, such as a tracker-blocker, an ad-blocker, and even a full-fledged VPN.

Opera

An excellent web browser that offers many useful tools, including the ability to save and print your web pages.

Download Visit website

3. Additional solutions

Check if you have an Internet connection available

Clear your browser cache

Uninstall extensions that you don’t use anymore

Free up memory by closing other applications in use

Restart your browser

Run a full system antivirus scan

Clean boot your computer

Reinstall Chrome is the crashes persist.

There you go, these are just a couple of solutions that can help you if Google Chrome is crashing on your PC.

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How To Give Effective Professional Feedback

Give employees constructive criticism in the appropriate manner as soon as the opportunity arises.

Make feedback a dialogue, not a one-way conversation, so you can understand the root of any successes or failures.

When giving feedback, approach conversations with compassion and understanding, rather than anger and frustration.

This article is for business owners, managers, and other professionals who want to give and accept more productive and meaningful constructive criticism.

As professionals, we want to do better and be better. Giving and receiving constructive feedback allows us to see our behavior and work from someone else’s perspective. Two people can often view the same situation completely differently and not even realize it.

Not giving necessary feedback, especially after unacceptable behavior, has consequences. Create an action plan to provide critical and beneficial feedback.

In an ELA Conference workshop on this topic, Aisha Blake, Detroit chapter leader of Girl Develop It, identified two types of feedback: positive and constructive. Positive feedback focuses on what we’re doing right; it feels gratifying, and it affirms our work. While constructive feedback might not always be negative, it concentrates on how we can improve what we do.

“[Constructive feedback] is the feedback we all think about,” Blake said. “We want to make this about behaviors.”

It sounds much easier said than done, but remember that feedback isn’t a personal attack – unless, of course, it’s intended to be taken personally.

There’s a difference, Blake said, between evaluation and escalation. “If you feel unsafe, that is something you need to bring to someone, whether it’s HR, your manager or someone in your workplace.”

Follow Blake’s six-step method to provide effective, constructive feedback.

1. Be specific.

The goal of providing constructive feedback is to change a behavior. The other person won’t understand why there is a problem unless you articulate the behavior in detail.

“Keep it focused and actionable, so that there’s a clear path forward,” Blake said.

2. Deliver feedback proactively.

It’s crucial to identify conflicts when they first happen. Otherwise, you’re more likely to hold a grudge, which can manifest in unintentionally snapping at the other person later on.

“You don’t need to see into the future, but you need to make sure things aren’t festering for too long,” Blake said. “So often the problems we have, whether technical or personal … wouldn’t be such a big deal if someone said [something] the first, second, or even fifth time, but the 17th time, we snap.”

3. Take a breath.

When you have to confront problematic behavior, take a step back and let yourself cool off first. “Don’t jump in angry,” Blake said.

Because constructive feedback takes a lot of energy, especially emotional labor, take time to fully process your thoughts. Unless you’re dealing with an urgent situation and need to act immediately, write down how you would describe the behavior and read it out loud to yourself. Make edits as necessary to help prepare yourself for the real face-to-face conversation.

Key Takeaway

Stay positive. In the workplace, you often get back the energy you give, and a negative attitude often produces unproductive responses. If you remain encouraging toward your team members, your feedback is more likely to stick.

4. Check your bias.

There are two sides to every story. “Your perception of the issue may not match the other person’s lived experience,” Blake said.

Acknowledging your bias can help, especially if you’re in a position of power based on your race or gender.

“I’ve had people [be] intimidated by the way that I look,” Blake said. For example, in her professional experience, she previously had supervisors make assumptions based on her identity, which prevented both of them from communicating effectively with each other. [Related: Is Subconscious Bias Affecting Your Hiring Decisions?]

5. Invite discussion.

“Making too many assumptions can hold the conversation back,” Blake said.

To combat assumptions, initiate a discussion with the other person. Don’t make the conversation one-sided – hear the other person out. After all, you don’t know what outside stressors they carry every single day.

6. Follow through.

After an appropriate time has passed, evaluate whether the other person’s behavior has changed. If it did, ask yourself how it changed.

If they addressed and improved their behavior, consider thanking them at the appropriate time. If the behavior is still occurring, be prepared to own your experience; don’t invalidate how you feel.

“At the end of the day, what you feel is not wrong, because it exists,” Blake said.

Strive to ingrain both positive and constructive feedback in your office culture to normalize both receiving and providing feedback and to make the process less anxiety-inducing.

Tip

If you want more productive conduct from your team members, display that behavior yourself first. Asking someone to change only goes so far, but modeling the positive habits you expect from others encourages imitation.

When to give constructive feedback

Tactful constructive feedback is as much about timing as content. Poorly handling constructive criticism could cause the other person to disregard all your feedback or cause more disruptive behaviors to emerge. Therefore, consider the best times to give constructive criticism.

During one-on-one meetings: Addressing a team member’s performance when the person is with their teammates can feel more like public shaming or boasting than feedback. Schedule a one-on-one meeting so you have the chance to consider your words more carefully and have a constructive conversation.

Shortly after witnessing undesirable behavior: If you’re noticing unproductive behavior from an employee, it’s likely that other employees have noticed as well. This poor conduct can lead to a drop in morale (and perhaps an uptick in employee turnover) if not addressed as soon as possible. To start, wait a day and see if the employee course-corrects on their own – some people just have off days. If not, prompt attention is necessary. Approach the employee with an open mind in case their behavior wasn’t intentional.

When an employee turns in good work: Feedback isn’t just useful for addressing negative behaviors; you can also use it to bolster positive ones. Acknowledge what team members do well to reinforce those behaviors and add more value to the team as they lead by example.

At the other person’s preference: Giving feedback should be a conversation, not a lecture. Making the other person comfortable can help your feedback come off as friendly rather than antagonistic. Let your colleague pick the time when they’d be most at ease receiving feedback to encourage more positive reactions and better future work.

Isaiah Atkins contributed to the writing and reporting in this article.

What Glenn Greenwald Got Wrong

There are some rumblings amongst tech types that Glenn Greenwald, in his reporting of the PRISM story, misinterpreted one of the alleged PowerPoint slides. Karl Fogel, a pro-open-source blogger tech type, calls it an “epic botch.” So what happened?

Greenwald’s original article over at the Guardian revealed that the government has been using a secret court order to force Verizon into handing over an extensive amount of user data on a regular basis. But Fogel, among others, points to this slide:

Confusing PRISM Slide

That slide has been interpreted as the government directly tapping into company servers to retrieve whatever information the government wants. The Washington Post, which also filed an extensive expose of the program (perhaps more extensive), said the agencies were “tapping directly into the central servers.” Fogel has a problem with this language; his analysis of the slide indicates that what’s actually going on isn’t so much companies handing over keys to their servers, but companies creating a private digital locked box in which the government can access data they’ve requested through legal means.

Fogel writes: “The crucial question is: Are online service companies giving the government fully automated access to their data, without any opportunity for review or intervention by company lawyers?”

The New York Times, in their own investigation, found that this locked box concept is probably what’s going on here. The government uses FISA, the Foreign Intelligence Surveillance Act (the statute that specifies how and in what manner the government can obtain data), to demand information, and instead of the companies handing it over in individual chunks, the government requested these locked boxes so the handoff of information could be efficient and secure. It’s sort of the internet-age equivalent of a source meeting a handler on back-to-back park benches and exchanging manila file folders while never looking at each other. These requests, by the way, are legally binding and also come with a gag order preventing the companies from discussing them.

Fogel, and many other tech types I’ve talked to, are outraged about the media handling of this story. In their mind, the media is bungling all of the intricate technical aspects of the story due to a lack of expertise in the field. And that’s a fair point! Journalists, even tech journalists, are trained to report and write stories, not to have the same command of tech that an IT person has.

Fogel is being kind of ridiculous by calling Greenwald’s discussion of “direct access” an “epic botch,” though. I do think Greenwald misinterpreted the use of the word “servers” and in turn may have misunderstood how this program actually works–not a small thing, and in a case as sensitive as PRISM, we need to make sure we have as many of the facts as possible. (I don’t blame Greenwald for this, by the way; this was a brand-new story and nobody quite knew the scope or effect of it, and he did a hell of a job exposing the surface of the program.)

This post, from Mark Jaquith, another tech type, hammers home that “this is not a pedantic point” and insists that Greenwald’s misinterpretation could be “the difference between a bombshell and a yawn of a story.” I completely disagree; I think it is a worthy point, one that should be discussed and cleaned up, but there’s much more at stake here than whether the government had direct access to a company’s data. I’m glad these guys are on the case; before we decide how to respond as a country to this program, we need to know exactly what’s going on. But I don’t think that if the answer turns out to be “no, the government did not have direct access to this data” that we can just brush off our hands and say “well, okay then.”

Magic And Mystery At Winterfest 2011

Magic and Mystery at Winterfest 2011 Ice, cooking, twisted logic, and a quidditch tournament

Photo by Kalman Zabarsky

Winter still has three weeks to go, but alumni, students, and the entire BU community can make the best of it this weekend at the Boston University Alumni Association’s sixth annual Winterfest.

The event, happening today, February 25, and Saturday, February 26, will bring back some family-friendly traditions, many involving ice (sculpting, skating, and Terrier hockey) and at least one involving heat (a cooking demonstration featuring the foods of Spain). But new activities are scheduled as well, including a quidditch tournament on Nickerson Field and a TEDxBU event, sponsored by the Howard Thurman Center, BU’s multicultural center, and organized by students.

TED is a nonprofit organization whose annual conference, in Long Beach, Calif., brings together innovative thinkers and leaders from around the world. Its TEDx program enables individuals or groups to organize their own events locally; the BU program, which is titled Twisted Logic and is free for students, will feature 18 speakers, including students, alumni, and two faculty members. Organizers are expecting more than 500 people to attend.

Meg Umlas, executive director of alumni relations, anticipates about 1,000 people will participate in Winterfest this year, up from 775 in 2010. Events are open to the entire BU community, and today is the last day to register.

“There truly is something for everyone: theater, athletic events, educational and social experiences,” says Umlas.

The weekend kicks off tonight with a performance of the College of Fine Arts opera The Postman Always Rings Twice at 7:30 p.m. at the BU Theatre, 264 Huntington Ave. Also tonight, there will be an open skate from 8 to 10 p.m. at Walter Brown Arena, 285 Babcock St.

This theme of this year’s Winterfest, magic and mystery, is reflected in the classes led by BU professors on Saturday. Faculty will explore magic throughout Western history, the science behind invisibility cloaks, and the magic of vitamin D and of the Hollywood blockbuster.

On Saturday at 2 p.m., quidditch teams from BU, Harvard, Emerson, MIT, and Tufts will battle it out on Nickerson Field. And a Kids’ Fest, with magic, games, and crafts, will take place from noon to 4 p.m. at the Fitness & Recreation Center.

The magic will continue—at least that’s what Terrier fans hope—at 1 p.m., when the women’s basketball team takes on the University of Vermont Catamounts at Case Gym. At 5 p.m., a tailgate dinner precedes the men’s ice hockey game against the Catamounts at Agganis Arena.

Umlas says the TEDxBU event, from 1 to 5 p.m. in the College of General Studies Jacob Sleeper Auditorium, is a way to involve students in Winterfest.

The program, says Raul Fernandez (COM’00), assistant director of the Howard Thurman Center, will be a fast-moving series of talks. “It’s supposed to be centered around an idea you want to share with other people,” he says. “A lot of people end up leaving inspired.”

Trish Garrity (CAS’12) says she and cochairs Riley Roberts (CAS’12, SMG’12) and Jean Uwilingiyimana (CAS’11) came up with the theme Twisted Logic. “The goal is to make people stop and think about how they perceive the world,” she says, “and to break away from the accepted and what is conventional.”

The longest session will be an 18-minute performance by Iyeoka Okoawo, a Nigerian American poet, a recording artist, and a 2010 TED Global Fellow. Other speakers include Tyrone Porter, a College of Engineering assistant professor of mechanical engineering, Nathan Phillips, a College of Arts & Sciences associate professor of geography and environment, and more than a dozen students and alumni. The issues range from God to art, video games to the subway, says Garrity.

“There’s so much energy around this event,” particularly on Facebook and Twitter, she says. “It’s going to be incredible.”

“Winterfest is a family-oriented event for Boston-area alumni and their families,” according to Steven Hall, associate vice president for alumni relations. “After the winter we’ve all had so far, we need a festival. What better way than to celebrate BU?”

Winterfest begins today, February 25, and continues Saturday, February 26, on the Charles River Campus. Today is the last day to register for events. A full schedule of events and a registration form are available here.

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