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How to Invest in LuxFi – the Luxury Asset-Backed NFT Marketplace


For many people the luxury market is out of reach. However, with LuxFi, that is no longer the case. The platform combines blockchain technology, NFTs, and a luxury goods market open to anyone, anywhere. LuxFi will mark a significant shift in the way luxury goods are traded, and how people acquire...

NFT-Backed Lending Market Rises, USD 1.4M Borrowed With an NFT as Collateral


Non-fungible tokens (NFTs) are increasingly being used as collateral against loans. Recently, the possibly largest ever such loan was issued for USD 1.4m using the crypto lending platform NFTfi, with the Autoglyph 488 NFT as collateral. Autoglyphs are an “on-chain” generative art collection made...

Binance Smart Chain Devs Propose Ethereum-Like Gas Fee Burning Mechanism


Developers of the Binance Smart Chain, the Binance-backed decentralized blockchain platform, have proposed applying a mechanism to burn BNB tokens based on the utilization of the network. According to the proposal, this would benefit both validators and holders due to the increase in value that...

Mining Hardware Manufacturer Bitfury Plans to Go Public


Bitfury, the leading non-Chinese bitcoin mining hardware manufacturer, is reportedly planning to go public in the next 12 months. This would constitute one of the largest listings of a European-based cryptocurrency mining hardware company to date. The company had a valuation of $1 billion dollars...

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