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How to Use Layer-2 Solutions to Save on Ethereum Fees: Immutable X
2.2.2022
The Ethereum (ETH) network has been struggling to scale, plagued with skyrocketing gas fees and slow transaction confirmation times. Following the explosion of decentralized finance (DeFi) and non-fungible tokens (NFTs) over the last two years, the strain on the network has become palpable...
New Balance ‘Virtual Goods’ Trademarks Hint of Upcoming Metaverse and NFT Venture
1.2.2022
Following Adidas and Nike getting into the metaverse, the sneaker manufacturer New Balance seems to be prepping to launch virtual items tied to its products. The firm filed three trademark applications with the United States Patent and Trademark Office (USPTO) that describe “downloadable...
Kanye West Won’t Do NFTs, For Now At Least
1.2.2022
Rap superstar Ye, who changed his legal name from Kanye West last October, is not planning to roll out a non-fungible token (NFT) -- at least not for now. However, he could change his mind later, according to the artist’s recent Instagram post.
“My focus is on building real products in the real...
Digital Artist Pak to Release the 'Censored' NFT Collection with WikiLeaks Founder
1.2.2022
Famed digital artist Pak, also known as Murat Pak, aims to collaborate with WikiLeaks founder Julian Assange to release a new non-fungible token (NFT) collection dubbed 'Censored'.
'Censored' is "about you," Pak said on Twitter, adding that the collection would consist of "two parts, a dynamic...
Removing LooksRare's USD 8.3B in Wash-Trades, OpenSea is Still the Dominant NFT Marketplace
31.1.2022
Non-fungible tokens (NFTs) data aggregator CryptoSlam has identified more than USD 8.3bn worth of wash trading on LooksRare, a new NFT marketplace. Subtracting this volume, it turns out that major NFT marketplace OpenSea is still the dominant player in the field.
As per data by Dune Analytics...
Pop Star Justin Bieber Buys Bored Ape NFT for $1.29 Million, Pays More Than 300% Above Floor
30.1.2022
The Canadian singer Justin Bieber has purchased a Bored Ape Yacht Club (BAYC) non-fungible token (NFT) for 500 ethereum or $1.29 million at the time of settlement. Bieber has a significant collection of NFTs and his wallet holds 340.43 ether worth $879K. Justin Bieber Spends $1.29 Million...
Weekly NFT Sales Drop 13% While Crypto Prices Rebound From Market Rout
29.1.2022
Last week, non-fungible token (NFT) sales remained unscathed while crypto asset spot markets were dismal. However, a week later, NFT sales have dropped 13% to $800 million in sales over the last seven days. During the past week, NFT sales on the Ethereum blockchain have slipped 11.78% but Ronin...
Nansen Report Highlights Growth of Defi and NFTs in 2021
29.1.2022
Nansen, a cryptocurrency and blockchain statistics and analytics platform, has issued a report on the growth of decentralized finance (defi) in 2021. The document highlights how defi managed to keep growing, opening the field to new participant chains. Non-fungible tokens (NFTs) also had a notable...
Dreams of the Metaverse: Rethinking Sports Through High-Tech
28.1.2022
Ryan Wilkinson, head of product at Blockasset, a Solana-based first athlete-verified platform that connects athletes with their fans._______
If you’ve ever been to a sports game, you know that few things can rival the energy of a packed stadium, with whole sectors of fans cheering and gasping...
Japanese Ruling Party Launches NFT Task Force, Eyes New Growth in the Sector
28.1.2022
Japan may be edging toward regulating non-fungible tokens (NFTs) – after the ruling Liberal Democratic Party, which has been in power since 1955, launched an NFT policy task force....
Read More: Japanese Ruling Party Launches NFT Task Force, Eyes New Growth in the Sector
‘Broader Range’ of Institutions Seeking Crypto Exposure Beyond Just Bitcoin - Coinbase
28.1.2022
There was “a broader range” of investors that wanted exposure to crypto last year, with many of them seeking access to new products such as bitcoin (BTC)-backed exchange-traded funds (ETFs), decentralized finance (DeFi), and non-fungible tokens (NFTs), a new report from Coinbase...
Reddit Reportedly Testing NFT Profile Pic Functionality
28.1.2022
Reddit, one of the largest micro-posting sites on the internet, is reportedly venturing further into the world of non-fungible tokens (NFTs). The company is testing a new functionality that allows users to set NFTs as profile pics, something Twitter is already doing now. Reddit released its...
Vitalik Buterin Discusses 'Large & Underexplored Design Space' of Non-Transferable NFTs
28.1.2022
Ethereum (ETH) co-founder Vitalik Buterin has discussed the benefits of non-transferable non-fungible tokens (NFTs) — tokens that can’t be sold or separated from their owners — saying that there are certain use cases for such tokens.
In a blog post, Buterin illustrated the concept...
IRS Special Agent on Crypto: ‘We See Mountains of Fraud in This Area’
28.1.2022
A special agent with the Internal Revenue Service (IRS) says the tax agency is “seeing mountains and mountains of fraud” in the cryptocurrency space. The IRS criminal investigation unit is trying to train all of its agents on crypto and non-fungible token (NFT) issues because...
Coinbase Gives Preview Of Its NFT Platform, Reddit Tests NFT Profile Pic Feature
27.1.2022
In anticipation of the official launch of their non-fungible token (NFT) platform, major crypto exchange Coinbase has shared a preview of the forthcoming product.
In a recent series of tweets, Sanchan S. Saxena, Vice President for Products at Coinbase, said his intention was to demonstrate...
IRS Says It Is Fighting ‘Mountains’ of Crypto & NFT ‘Fraud’ and Celebrity Shills
27.1.2022
The United States tax body, the Internal Revenue Service (IRS), says it believes the crypto and non-fungible token (NFT) space is beset with “fraud” – and has warned that celebrities promoting crypto on social media could face probes....
Read More: IRS Says It Is Fighting ‘Mountains’ of Crypto...
Have We Reached Peak NFT Hype?
27.1.2022
James Butterfill is Investment Strategist at major European digital asset investment firm CoinShares.____...
Read More: Have We Reached Peak NFT Hype?
OpenSea Denies Hack and Bug Allegations, Claims Issue is Related to UI
25.1.2022
Major non-fungible token (NFT) platform OpenSea has denied hack allegations, saying that yesterday's issue was related to user interface (UI) design.
"This is not an exploit or a bug – it’s an issue that arises because of the nature of the blockchain," the OpenSea spokesperson told...
S Korean Presidential Candidates Manifestos Issued as NFTs; Crypto Enters National Statistics
25.1.2022
The manifestos of South Korea’s main presidential candidates have been released as non-fungible tokens (NFTs) – as the nation’s March general election takes yet another crypto-flavored turn and Statistics Korea makes a crypto move....
Read More: S Korean Presidential Candidates Manifestos Issued...
OpenSea Is Reportedly Being Exploited
24.1.2022
Major non-fungible token (NFT) platform OpenSea is reportedly under attack, with the perpetrator drawing out hundreds of ethereum (ETH).
Security and data analytics company PeckShield said today that OpenSea seems to be experiencing “a front-end issue,” while the exploiter got some ETH...