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How Utility NFTs Will Drive Mainstream Web3 Adoption
9.4.2023
Ken Timsit, is Head of blockchain startup accelerator Cronos Labs and Cronos Chain.__________
Non-fungible tokens (NFTs) were perhaps the most publicly followed hype cycle, with celebrities from Justin Bieber to Madonna dropping NFT collections for their fans over the past couple of years....
Damex Releases in-App Utility Token Damex Token, Enables Users to Earn Rewards for Staking Tokens
20.3.2023
PRESS RELEASE. WATERPORT PLACE, GIB., March 20th, 2023 – Digital Asset Management Limited and the Damex group (“Damex” or “Damex.io”)), a Distributed Ledger Technology provider based in Gibraltar, recently announced its utility token IEO, the Damex Token ($DAMEX), which can be used within the Damex...
Several Crypto Mining Operations Busted in Russia
19.3.2023
Authorities and power utilities in various Russian regions have shut down illegal crypto mining farms, seizing hardware and taking operators to court. The action against the coin minting facilities comes amid discussions on a proposal to introduce criminal liability for miners breaking the upcoming...
Xapo Bank Integrates Lightning Network Payments Through Lightspark Partnership
2.3.2023
On March 2, Xapo Bank announced its partnership with Lightspark, a company led by David Marcus, former crypto boss at Facebook. The partnership aims to extend the utility of bitcoin and the Lightning Network. Xapo revealed on Thursday that it is the first fully licensed private bank to offer...
Former NBA Player Baron Davis Says Celebs Will Focus More on 'Utility' Tokens
2.3.2023
Following the SEC’s crackdown on celebrity-endorsed projects, the serial entrepreneur says celebrities jumping into crypto are more likely to focus on their core fan group with a project that provides real utility and reward opportunities
XRP Ledger Proposes Cross-Chain Bridge to Increase Network and Token Utility
23.2.2023
The proposal defines how changes to an account's transaction sequence can be made on the XRP Ledger to ensure the movement of tokens between XRP Ledger and associated sidechains
Sony and Astar Network Launch Web3 Incubation Program for NFT and DAO-Focused Projects
19.2.2023
On Feb. 17, 2023, Tokyo-based Sony Network Communications announced that it is co-hosting a Web3 incubation program with the multichain smart contract platform Astar Network. The program has started accepting applications, and Sony and Astar will jointly mentor Web3 projects “focused on...
How the Ordinals movement will benefit the Bitcoin blockchain
18.2.2023
The increasing popularity of Bitcoin NFTs, or Ordinals, will impact posively the security of the Bitcoin network and attract developers to the ecosystem, according to Ordinals proponent Udi Wertheimer
At Least 1,000 Lawsuits Filed Against Crypto Miners in Russia’s Irkutsk Region
14.2.2023
Authorities in the Russian region of Irkutsk have so far filed 1,000 lawsuits against what they call “gray” miners, or people minting coins in their homes. In over half of these cases, courts have ordered the defendants to compensate the operators of the distribution networks. Hundreds of Crypto...
Bankrupt Celsius Aims to Raise $14.4 Million From Bitcoin Mining Rig Credits and Coupons
11.2.2023
Defunct cryptocurrency lender Celsius aims to secure more than $14 million from credits and coupons backed by Bitmain, according to an interim CEO Christopher Ferraro in a bankruptcy court filing dated Feb. 9, 2023. Ferraro stated in the filing that the “coupons currently provide no utility...
Dooplication goes live with endless utility
1.2.2023
Doodles has announced that Dooplication is now live. The news was shared with the community through its official Twitter handle. Users now gain access to three different models, namely Very Common, Common, and Rare. The entire process is divided into three different stages. The first step is...
Meet Ordinals, the New Bitcoin NFT Engine, and the Drama Surrounding Them
31.1.2023
Ordinals, a new way of using and getting content using Bitcoin, are enabling creators to harness the utility of NFTs (non-fungible tokens) directly from the blockchain, essentially creating native Bitcoin NFTs. This has stirred the pot in some circles, which are now discussing if this is the way...
CEO of Canadian Utility That Proposed Banning New Power to Crypto Miners Exits
24.1.2023
Hydro-Québec's CEO Sophie Brochu to leave company on April 11
Major Japanese Utility Works With Local Hardware Maker to Capitalize on Excess Power With Crypto Mining
14.12.2022
The utility behind the Fukushima nuclear reactor is trying our crypto mining
Bitcoin․com Completes VERSE $50M Token Sale, Launches Token on Verse DEX
8.12.2022
Bitcoin.com, a digital ecosystem and secure self-custody platform where users can safely and easily interact with cryptocurrencies and digital assets, announced completion of the pre-sale of its rewards and utility token VERSE, where 16% of the total supply was purchased for $50 million....
FTX fall was ‘incredibly damaging,’ crypto must foster real utility: Ripple policy lead
28.11.2022
Ripple’s APAC policy director said the collapse of FTX is exactly why crypto needs to move away from "hype cycles" and towards "real utility."
Filecoin (FIL), Orbeon Protocol (ORBN), and the rise of utility Blockchain projects
21.11.2022
Filecoin (FIL) has significant potential due to the industry in which it works and the fact that it has recently attracted increased investor interest. Orbeon Protocol (ORBN) is a decentralized investment platform that makes venture money available to anyone. Analysts predict that the utility token...
Best utility cryptos to buy before 2023: Algorand, Helium, MultiversX, and Oryen (ORY) early investors already 2X during ICO
20.11.2022
Digital assets have dropped considerably, especially in the last quarter of the year. As most cryptocurrencies hit their bottom, it creates a perfect moment to start buying some promising crypto assets in anticipation of a price pump in 2023. Experts have already suggested Algorand, Helium...
What Are Utility NFTs?
16.11.2022
This type of NFT links rewards and experiences to digital assets
FTX Contract Deployer Unlocks 192 Million FTT, Exchange Token’s Questionable Tokenomics Highlights Red Flags
13.11.2022
Following the collapse of FTX and the exchange filing bankruptcy on Nov. 11, the trading platform’s exchange token called ftx (FTT) has shed 91.6% in value during the last seven days. While the FTT token’s utility is based entirely on the backing of the now-bankrupt FTX and Alameda...