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Reddit to reportedly tokenize karma points and onboard 500M new users

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“Reddit engineer, Rahul, highlights the social media platform’s efforts to improve user interaction through various cryptocurrency initiatives.

American social media giant Reddit may soon convert users’ karma points into Ethereum-based (ERC-20) tokens and onboard 500 million new crypto users in the process, according to a newly hired Reddit engineer.

A series of tweets made by Reddit engineer, Rahul, highlights Reddit’s efforts to improve user interaction through various cryptocurrency initiatives. As Cointelegraph reported in July 2021, the platform had launched its own layer-two rollup using Arbitrum technology for its rewards points, named Community Points. According to the website:

“Your Community Points exist on the blockchain, independently of Reddit, where they can only be controlled by you (just like Bitcoin (BTC) !).”

How will we pull this off?

Reddit has partnered with @OffchainLabs(@arbitrum) and created our own separate instance. 

Community points for 2 subreddits (~80,000 users) are already on Rinkeby Testnet on our Arbitrum network (separate to Arbitrum One). — Rahul (@iamRahul20x) November 3, 2021

Reddit’s partnership with Offchain Labs’ Arbitrum network will allow for the creation of a separate blockchain instance, to be used for storing users’ tokenized community points. 

Currently, the community points of roughly 80,000 users from two subreddits — r/cryptocurrency and r/FortNiteBR — have been moved to the Rinkeby Testnet on the Arbitrum network, which, according to Rahul, will be scaled for gasless transactions:

Moreover, Reddit communities will also have the ability to fork blockchains through community-based decisions, in addition to allowing the scope to explore new monetization strategies with Web 3.0.

“When we all pull this off, we would onboard 500M web2 users into web3 and then there is no going back. Let me say that again – 500 million new crypto users.” CoinTelegraph

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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Bitcoin soft fork days away as Taproot upgrade closes in

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“The Taproot upgrade was set for deployment after achieving a 90% consensus among the Bitcoin miners (mining nodes).

Real-world use cases are one of the main adoption drivers for every crypto ecosystem, which also holds true for the Bitcoin (BTC) network. In the next seven days, the Bitcoin protocol will undergo a soft fork in the name of the Taproot upgrade, which aims to improve the network’s privacy, efficiency and smart contracts capability. 

Taproot is Bitcoin’s first major upgrade since August 2017, which saw the introduction of Segregated Witness (SegWit) and resulted in the launch of Lightning Network. While the previous fork primarily sought to fix transaction malleability and improve Bitcoin’s network scalability, the Taproot upgrade aims to revamp transaction efficiency, privacy and support smart contracts initiatives.

The Taproot upgrade was set for deployment after achieving a 90% consensus among the Bitcoin miners (mining nodes). On the same day in June 2021, Bitcoin developer Hampus Sjöberg tweeted the announcement:” Cointelegraph

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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Burger King and Robinhood Will Give Away 2 Million Dogecoin to Customers

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“Burger King has started taking advantage of Dogecoin again. It is now offering the cryptocurrency as a reward to American customers.

Fast-food giant Burger King has partnered with Robinhood to distribute cryptocurrencies to its customers. All buyers that make a $5 purchase will receive guaranteed Dogecoin, alongside a chance to win ether and bitcoin.

This time, program members that purchase over $5 of food through the Burger King app will receive a prize code via email. This code may be redeemed through the Robinhood Crypto trading app to receive cryptocurrency.

Every prize code includes a guaranteed sum of DOGE – though the exact amount included in each purchase is unspecified. However, there are a total of two million Dogecoin available, which amounts to over $500 million at its current price.

There is also a small chance for buyers to earn either ETH or BTC, alongside their Dogecoin. The odds of winning Ether are 1:10 001, with over 200 available ($800,000). Meanwhile, the odds of winning Bitcoin are ten times higher at 1:100 011, with just 20 available ($1.17 million).ADVERTISEMENT

Prizes are limited to one code per customer, per day, for a total of 21 days. The contest lasts from November 1st to 21st and is available only in the US.

Promoting With Dogecoin

This isn’t the first time either Burger King or Robinhood has leveraged Dogecoin for profit. In late July, Burger King announced that it would be accepting Dogecoin for dog treat purchases at its Brazilian stores. Furthermore, there are over 40 BK locations throughout Venezuela that accept multiple other cryptocurrencies for purchasing regular food.

As for Robinhood, more than 60% of the company’s revenues came from Dogecoin trading on their platform in Q2 of this year. However, this number has since dropped to 40%, causing an overall decline in the platform’s Q3 revenue.” Cryptopotato

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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Billionaire Paul Tudor Jones Now Prefers Bitcoin Over Gold

“Billionaire Hedge-fund Manager Paul Tudor Jones said Wednesday on CNBC’s Squawk Box that he now prefers Bitcoin over gold as a hedge against inflation.

The founder and chief investment officer of Tudor Investment Corporation, boasting nearly $40 billion in assets under management, Jones expanded on his thoughts about Bitcoin: “Listen, I said then, I said now, I’ve got crypto in single digits in my portfolio. I have a small trading position at our fund. I do think we’re moving into an increasingly digitized world.”

He stated, “Bitcoin will be a great hedge.” As a long-term store of wealth tool, Jones compared Bitcoin to a traditional but lagging hedge against inflation, gold.

Making it perhaps the most appreciating asset in human history in US dollar terms.

“Clearly it’s winning the race against gold at the moment, right?” Jones continued. “So yes, I would think that would also be a very good inflation hedge. 

Screen Shot 2021-10-20 at 09.34.47

Bitcoin is not only winning the race against gold, it is winning the race against every asset for a decentralized, uncensorable, terminally scarce, peer-to-peer currency. Jones concluded by saying that Bitcoin is his preferred inflation hedge over gold at the moment, but it is not just this moment. Bitcoin will outperform everything.

The comments came as Bitcoin hovered within $500 from a new all-time high, and 99% of holders were in the green. ” Bitcoin Magazine

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Bank of America: Bitcoin is Important, The Crypto Industry is Too Large To Ignore

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“Bank of America released a report analyzing the current state and perspectives of the cryptocurrency industry, which is now “too large to ignore”.

Bank of America has published its report “Digital Assets Primer: Only the first inning,” led by Alkesh Shah, head of Global Cryptocurrency and Digital Asset Strategy, providing an in-depth analysis of the current state of the blockchain industry from cryptocurrencies to DeFi and NFTs.

The report says that the industries of cryptocurrencies and decentralized finance services have grown to the point of being “too large to ignore.”

BofA’s researchers note that nearly 221 million users have exchanged cryptocurrencies or used a DeFi service, with steady growth. Similarly, the increased participation of institutional investors is a clear indication that cryptocurrencies are much more than a passing phenomenon driven by retailers.

Bank of America is Bullish About The Crypto Space Beyond Bitcoin

Bank of America highlights that during the first half of 2021, the DeFi ecosystem received close to $17 billion in funding from institutional investors; this contrasts with the $5.5 recorded during 2020. Similarly, mergers and acquisitions in the crypto space rose from $940 million in 2020 to $4.2 billion in 2021.”

“In an official PR, Alkesh Shah maintained an agnostic stance, asserting that there is more to cryptocurrencies than Bitcoin.

“Bitcoin is important, but the digital asset ecosystem is so much more. Our research aims to explore the implications across industries including finance, technology, supply chains, social media and gaming.”

“The team also asserts that the way we interact with the world could change radically with the advent of blockchain technologies:

“In the near future, you may use blockchain technology to unlock your phone; buy a stock, house or fraction of a Ferrari; receive a dividend; borrow, loan or save money; or even pay for gas or pizza,”

Bank of America also highlighted that the growth of NFTs was a surprise for everyone. Researchers emphasized their fear that the large valuations of some NFT pieces, such as fractionalized artworks or the NFTs from the crypto game Loot, could be a bubble that affects many investors who do not know the risks they are exposed to.” Cryptopotato

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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Snoop Dogg is rebuilding his real-life mansion in The Sandbox NFT metaverse

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“The rapper will also launch a 3D avatar collection and players will be able to create games using virtual “Doggfather” items such as Snoop Dogg’s personal car collection, dogs, statues, memorabilia, and more.

The Sandbox, a leading decentralized gaming virtual world and a subsidiary of Animoca Brands, announced today that it has partnered with Snoop Dogg to bring the rapper, actor, songwriter, entrepreneur, and entertainer to The Sandbox gaming metaverse.

Snoop Dogg will enter the metaverse by owning his own virtual land in The Sandbox, where he will set up his mansion. Snoop Dogg will also launch his NFT collection including player avatars and a limited ‘Snoop Dogg Private Party Pass’ that gives users VIP access to concerts, events, Q&As, and dedicated NFT drops. 

Snoop Dogg will also launch a 3D avatar collection inside The Sandbox and players will be able to create games using virtual “Doggfather” items such as Snoop Dogg’s personal car collection, dogs, statues, memorabilia, and more.” Cryptoslate

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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MiamiCoin Going Mainstream

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“MiamiCoin (MIA), the cryptocurrency created by private actors to benefit the 44th-largest U.S. city, may have a better shot at everyday use than bitcoin, Mayor Francis Suarez said Thursday.

In an appearance on CoinDesk TV’s “First Mover,” Suarez, who is working to attract crypto businesses to Miami, claimed MIA has “been mainstreaming significantly faster than bitcoin,” even though you can’t yet buy anything with the token.

He noted that the coin is trading for pennies, which Suarez suggested may make holders more willing to spend it than bitcoin, which changed hands Thursday afternoon at $44,639.18.

“What’s interesting about bitcoin is that its use case has essentially been a store of value, and the question is, does MiamiCoin remain a store of value … or does it have a different use case?” Suarez said. “We feel that if MiamiCoin metamorphoses into a currency … there exists a possibility that it could have wide use and applicability.”

MIA runs on the Stacks protocol, which in turn runs on top of the Bitcoin network. People can “mine” MIA by sending STX, the native token of Stacks, to a smart contract, which forwards 30% of those contributions to a wallet reserved for the city. Last month, the city voted to accept those funds, now worth $7 million. Suarez said Thursday the project is generating over $2,000 every 10 minutes for the municipality.

MIA has jumped more than 10 times in value since its August debut, to around 4 cents, which Suarez said shows how “exciting Miami is in the crypto world.” Regarding concerns of a potential crash of the token, the mayor reiterated that the city “bears no liability whatsoever for people’s investment decisions.”

“There’s absolutely no reason to believe that it wouldn’t be volatile based on the way bitcoin has performed,” he cautioned.” Coin Desk

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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El Salvador ranks third in global Bitcoin ATM installations, data finds

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“El Salvador now hosts the third-largest network of crypto ATMs after the United States and Canada, amounting to 70% of all crypto ATMs in South America.

According to data from Coin ATM Radar, El Salvador has exceeded United Kingdom’s crypto ATM count after deploying 205 crypto ATMs to date to facilitate local Bitcoin transactions and BTC to U.S. dollar conversions. 

Comparing this to Statista data from August 16, it becomes evident that El Salvador has successfully installed 201 ATMs in just one month. Beforehand, the country ranked 43rd on the list with just four functional crypto ATMs.

President Nayib Bukele had previously stated that Bitcoin’s adoption would be initially supported by  a network of 200 ATMs and 50 branches. The Salvadorean government has partnered with an in-house cryptocurrency wallet provider named Chivo to power the BTC wallets and ATM usage in the country.

Crypto ATM installations are at an all-time high around the world with 27,664 active machines, and 2,790 new machines being added in September. The increase in El Salvador’s ATM installation drive aligns with the recent presidential order that requires all businesses to accept payment in Bitcoin. However, the merchants retain the option to convert Bitcoin payments to USD before withdrawing their earnings.

While other jurisdictions are yet to decide on Bitcoin’s use case as a mainstream asset, an average of 63.7 ATMs continue to get installed globally every day. Genesis coin remains a leading crypto ATM manufacturer with a market share of 40.7%, while General Bytes and BitAccess represent 22.7% and 12.7% of the market, respectively.” Cointelegraph

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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More countries to follow El Salvador’s Bitcoin move, Cardano creator says

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“El Salvador’s Bitcoin acceptance is a major win for the cryptocurrency industry, Cardano founder Charles Hoskinson believes.

Following El Salvador’s historic adoption of Bitcoin (BTC) as legal tender on Tuesday, Cardano founder Charles Hoskinson predicted that a lot more countries will eventually follow in the Latin American country’s footsteps.

El Salvador’s Bitcoin acceptance further legitimizes the belief that people should be in control of their money, Hoskinson said in his “Congratulations Bitcoin” YouTube video on Sept. 7.

The Cardano founder expressed confidence that cryptocurrencies like Bitcoin are the future of money as the younger generation will inevitably trigger mass adoption of crypto. “The majority of people under the age of 25 have a positive view on cryptocurrencies, and a lot of them own them. That’s the future. Their children will grow up with those values and those beliefs about the nature of money” he said.

Hoskinson further predicted that more countries all over the world will move into the cryptocurrency industry by accepting crypto as part of diverse government structures, stating:”

“In the coming years, many more nation-states will use crypto as part of their monetary policy, either as reserves in their central banks or using cryptocurrency rails for central bank settlements, or potentially just simply taking a cryptocurrency as El Salvador has done and make it the national currency.” Cointelegraph

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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Twitter Looking to Adopt Bitcoin Lightning Network for Tipping Service

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The social media giant is reportedly working on making Bitcoin another payment method for rewarding content creators on the platform.

Code within a recent Twitter beta suggests that the company is integrating a Bitcoin payment option for its new “Tip Jar” feature with the help of the lightning network.

hough Bitcoin tips are not yet available to beta users, code reveals that it could soon be implemented as a payment option alongside Cash App, Bandcamp, Patreon, Venmo, and PayPal.

For the unfamiliar, users of the network will be guided through a Bitcoin tutorial, including details about custodial wallets, non-custodial wallets, and the Bitcoin Lightning Network. Given examples of custodial wallets include Zap, Breez, and Phoenix, while examples of non-custodial wallets include Strike, Blue Wallet, and Wallet of Satoshi.

In particular, use of the new Twitter function would require a Strike account, according to the text:

“We use Strike to generate Bitcoin Lightning invoices so you’ll need to connect your account to accept Bitcoin tips”

The arrival of Bitcoin tips was not unforeseen: Jack Dorsey told investors that Bitcoin would be “a big part of Twitter’s future” in July. At the time, he specifically mentioned the tip jar as one product that could benefit from the network, alongside a handful of others, including subscription and commerce.

The launch date of the company’s new Bitcoin feature remains unknown.

Utilizing Strike and the Lightning Network

Strike is a payment app developed by Zap solutions for facilitating the instant purchase and transfer of Bitcoin between parties – with no added fees. The app accomplishes this by utilizing the lightning network, a layer two solution that solves Bitcoin’s problem of scalability due to low transaction speeds.

Seeing Twitter utilize Strike is an interesting and exciting development, signaling the partnership of two major players within the Bitcoin space. Both Jack Dorsey and Jack Mallers (Founder of Zap) were stars of the show at the 12 000 people Bitcoin conference in June, where Dorsey stated that he would leave Square and Twitter if Bitcoin needed him more, and Mallers revealed that El Salvador would be instituting Bitcoin as legal tender. Cryptopotato

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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Decentralized search engine becomes default option on European Android devices

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“Presearch is backed by a community of node operators who process user search requests and earn rewards through the Ethereum-based PRE token. 

Beginning Sept. 1, decentralized search engine Presearch will be listed as a default option on all new and factory-reset devices sold in the United Kingdom and Europe, a move that could erode Google’s dominance in the search engine market. 

The decision by Google to list Presearch as a default browser option follows a protracted legal battle with the European Commission over accusations that the technology company used Android to solidify its search engine dominance. In 2018, the European Commission’s antitrust regulator fined Google a record 4.24 billion euros for unfairly limiting competition on smartphone operating systems. In 2019, Google said it will allow search engine rivals to compete for free on Android devices.

Presearch’s private, decentralized search engine option will now be listed on Android devices alongside several other eligible search engines across Europe. Although the search engines will be listed randomly, Presearch may appear differently depending on the user’s location. Regardless of location or device, Presearch can be accessed on desktop or smartphone by downloading the app via Google Play or the App Store. 

Presearch processes more than 1 million searches per day across more than 2.3 million registered users. The company said daily searches have increased more than 300% since January 2021. All search engine requests are processed by Presearch node operators, who earn rewards through Ethereum-based PRE tokens. 

PRE tokens are listed on CoinMarketCap and currently trade for less than 5 cents. The project has a total market capitalization of nearly $17 million. ” Cointelegraph

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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El Salvador climbs the Bitcoin ATM rankings: 200 machines on the way

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El Salvador is on its way to becoming a true Bitcoin hub with the installation of 200 ATMs where it will be possible to deposit and withdraw for free without commission. 

The announcement came directly from President Nayib Bukele via Twitter.

Bitcoin in El Salvador: expectation for September 7

The date circled in red on the calendar is September 7. On that day, Bitcoin will become, for all intents and purposes, a legal currency. In the meantime, however, not everyone in the country agrees with this turning point strongly desired by the president to revive the local economy.

That’s why Nayib Bukele released a tweetstorm in which he defended himself against the accusations of the opposition but also explained how El Salvador is preparing for September 7.

Remittances

From September 7 (and from now), it will be possible to send remittances from abroad to El Salvador in Bitcoin and dollars. With two differences:

  • remittances in Bitcoin are instantaneous (or almost);
  • remittances in Bitcoin are commission-free. 

That is where the strength of Bitcoin Ley lies, according to the country’s president: the population of El Salvador spends as much as $400 million a year in commissions on remittances. With Bitcoin, there will be savings for the population and a benefit for the economy. 

Los puntos Chivo: 200 Bitcoin ATMs in El Salvador

Another novelty is the introduction of Chivo points. Chivo is the name of El Salvador’s official wallet app, which entitles you to $30 in Bitcoin. Under the same brand, as many as 200 Bitcoin ATMs are being built where you can convert BTC to USD to withdraw it and deposit USD and convert it to BTC. 

In addition, these will also be information points where there will be staff to explain the operation of ATMs and give all the info you need to disentangle with Bitcoin. 

All this without commissions. The ATMs will be operational 24 hours a day. 

All this concerns those who will “convert” to Bitcoin. And who will not want to do it? The president explains that absolutely nothing will happen. No one is forced to use Bitcoin.

All that remains is to wait for how many residents of El Salvador will start using BTC as of September 7. 

The number of Bitcoin ATMs in the world

According to Coinatmradarthere are currently only 4 Bitcoin ATMs in El Salvador. So the president aims to deploy 200 machines for a population of “only” 6.5 million. That projects El Salvador among the three countries with the absolute highest number of ATMs, and certainly also at the top of the charts for the ratio of number of ATMs to population. 

Suffice it to say that at the top of the Coin ATM Radar ranking are the United States with more than 22 thousand branches, Canada with almost 1,800 branches, and, at a distance, the United Kingdom with 164 branches. El Salvador, with 204 ATMs, would be third. 

In El Salvador, there will basically be one Bitcoin ATM for every 32,500 people or so. It currently remains “below” the United States, which boasts one Bitcoin ATM for every 16,500 people, and also below Canada, which instead has one Bitcoin ATM for every 20,500 inhabitants.

But given El Salvador’s small size, you can bet that its Bitcoin ATMs will excel in density. Cryptonomist.ch

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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Raoul Pal LATEST – Bitcoin To 350k and Ethereum 20k In 2021

Raoul Pal LATEST – Bitcoin To 350k and Ethereum 20k In 2021 Savvy Finance

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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Coinbase to use Polygon’s Ethereum scaling solution to reduce prices, settlement times

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An exact date for the L2 integration has not yet been made public.

An engineering team at the U.S. cryptocurrency exchange Coinbase plans to integrate Polygon’s layer-two (L2) scaling solution for Ethereum with the exchange platform.

  • The move marks a first for Coinbase’s protocol team, which will attempt to reduce high prices and long settlement times, according to a press release on Tuesday.
  • Integrating with Coinbase will allow exchange users to withdraw directly onto a supported L2 solution.
  • An exact date for the L2 integration has not yet been made public.
  • The Coinbase  is an experienced group of engineers aiming to contribute to the scaling of blockchains and community building. The team focuses on integrating various technologies with Coinbase products.
  • The aim is to help “level the playing field” while ensuring retail users don’t get priced out of being able to participate in this budding ecosystem, according to the release.
  • “This will certainly help to improve the Coinbase user experience,” said Polygon’s co-founder Sandeep Nailwal.
  • Last month,  with rollup platform Hermez Network in a $250 million deal, marking the first complete merger of one blockchain network into another.” FxStreet

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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Quant Explains Why Bitcoin Bull Cycle Is Only In Phase 1

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The Bull Market Is Not Over, Phase 1 Has Just Begun

According to a CryptoQuant analyst, past cycles show that the current Bitcoin bull market isn’t over yet. The puell multiple seems to reveal where the price might head next.

The puell multiple is a BTC indicator used to tell how healthy miners’ revenue is. It’s calculated by dividing the mining revenue by the 365-day moving average (MA) of the same.

Puell Multiple= Mining Revenue USD ÷ 365 MA​ (Mining Revenue USD​)​

With the help of the metric, it becomes possible to say how much selling pressure miners are facing. When the indicator has high values, miner revenue is relatively healthy, thus miners aren’t compelled to sell. While low values could suggest they are facing considerable selling pressure.

Since miners hold large amounts of Bitcoin, significant selling pressure among them could impact the price of the cryptocurrency on a visible scale.

Now, here is how the puell multiple changed during the 2011 and 2013 bull cycles:

A new cycle doesn’t start until after a mid-cycle top post halving is reached. The below chart shows how the 2017 bull run looked like as well as how the current one may end up looking like:

At the time of writing, BTC’s price floats around $47.8k, down 1.5% in the last 7 days. Over the past month, the coin has accumulated 15% in gains. Newsbtc.com

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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NFT Virtual Properties are Booming

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“On Next Earth, a virtual replica of Earth on Ethereum, the virtual property market is booming. In the world’s first ITO, virtual land tiles were sold to thousands of buyers. So far, over $1.1 million in virtual property has been sold. This is due to the growing demand for NFTs as people seek out rare opportunities that represent something more than just another digital asset.

This includes the sale of major stadiums and famous buildings, along with tens of thousands of virtual acres. The land sector on the blockchain is one where NFTs are already starting to make major inroads. Scarcity and rarity are two qualities that make collectibles such as art and wine widely sought after, but there’s another aspect that makes virtual real estate so alluring: ownership. 

In the world of digital scarcity, non-fungible tokens represent unique assets — unlike fungible cryptocurrencies like Bitcoin are exchanged for equivalent value.

The Benefits of Virtual Property NFTs

Virtual land has also become an increasingly popular investment option for those looking to diversify their portfolios, whether it’s an NFT-focused portfolio or even a traditional investment portfolio with an allocation to alternatives. 

NFT-based virtual land offers the benefit of investing in a brand-new asset class, but unlike physical real estate or art, it can be bought and sold instantly on a blockchain without any third party managing its ownership or transactions—therefore eliminating middlemen from the equation. 

And because there is no physical asset backing each parcel of virtual land (unlike with physical real estate), parcels can be bought outright instead of fractionally or leased (like rental properties). This provides an additional layer of value for buyers who may not want their asset tied up for decades unless they plan on staying there themselves (or unless they intend on leasing it out). 

The ability of NFTs like Next Earth’s plots to be traded freely without restriction has created a huge opportunity set for developers looking to create new experiences around them—opening up new avenues for monetization that were previously unavailable when digital items could only be sold from one central-entity-owned server farm shop unto another. 

In addition, NFTs provide developers with an interesting way of creating scarcity within their virtual worlds by limiting how many items exist within them at any given time; this creates demand among players who want access to these scarce assets before someone else.

The Mainstreaming of Blockchain

As we progress along the second decade since the birth of the blockchain, we are finally seeing mainstream adoption across multiple industries thanks in large part due to benefits such as unprecedented levels of security and transparency throughout each transaction.

Blockchain technology has already been applied successfully across multiple verticals outside of gaming and collectibles, including healthcare and insurance, voting and governance, music rights management, supply chain management, and financial services. 

Virtual land is another exciting vertical that blockchain technology and the NFT space, in particular, are poised to disrupt. Now that we are in the euphoria of the blockchain, it is unlikely that virtual land will remain an obscure concept within a small niche community for long—once mainstream adoption does occur, expect NFTs to become as commonplace as collectibles have already.” Cryptopolitan

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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ADA : Brief Update on Alonzo

ADA : Brief Update on Alonzo Charles Hoskinson

offered or intended to be used as legal, tax, investment, financial, or other advice.

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CUBA TO RECOGNIZE AND REGULATE BITCOIN AND OTHER CRYPTOS

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“On Thursday the Cuban government said it would “recognize and regulate” Bitcoin and other cryptocurrencies on the island.

On Thursday Cuba’s government said it would “recognize and regulate” Bitcoin and other cryptocurrencies for payments on the island, Bloomberg reported. 

The local Cuban Official Gazette has published a resolution which stated that the central bank will create rules for Bitcoin and other crypto assets to determine licensing laws for providers of crypto services on the island. 

The resolution stated the central bank has power to authorize the use of Bitcoin and other crypto for “reasons of socio-economic interest,” according to the report. The resolution also said the state will act as a check over the bank’s operations, preventing the use of Bitcoin for “illegal activities”. 

Because of tough embargo rules in Cuba it has become difficult to use dollars, and as a result the popularity of Bitcoin has grown among Cuba’s technologically savvy.

A local programmer told Bloomberg that some Cubans are already using crypto in tandem with gift cards to make online purchases.

The announcement comes just 10 days before El Salvador is to become the first countryto make Bitcoin legal currency as a way to remove the fees and dangers of sending cash remittances, a staple of both economies. 

It remains unknown how the central bank of Cuba will choose to regulate Bitcoin, as the only real controls it can put on the permissionless, immutable, unstoppable currency are through regulating exchanges and making it more difficult, though not impossible, for citizens to get access to its common on ramps and off ramps. 

Bitcoin regulation may come as a result of the government’s realization that people are using the currency to evade U.S. restrictions on sending money to Cuba. ” Bitcoinmagazine

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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TRON Teams Up With Shopping.io

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“Blockchain platform TRON has confirmed a new partnership with Shopping.io, a platform that allows crypto users to spend their tokens online. The collaboration brings TRON’s native Tronix (TRX) token to the world of eCommerce, thanks to Shopping.io’s integrations with the likes of Amazon, eBay, Etsy, and Walmart.

Under the terms of the deal, TRX token-holders also earn a 2% discount on all items when using the asset to make purchases for the first two weeks, starting August 25.

“We are thrilled to be partnering with Shopping.io to allow our community to use TRX on major eCommerce websites like Amazon, eBay, and Etsy,” said TRON founder Justin Sun. “Shopping.io provides users with real-world applications for their portfolio.” 

Sun’s remarks were echoed by Shopping.io CEO Arbel Arif, who added, “We are so excited to give TRON holders the ability to shop with us. Getting to work with TRON was a huge goal this year as we push to collaborate with every big name in crypto.”

Taking TRX To The Next Level

Although many merchants around the world already accept TRX as a mode of payment, TRON’s partnership with Shopping.io brings the asset to a much wider audience, enabling holders to spend the asset on everyday items, electronics, games, and novelty pieces.

The partnership comes at an interesting time for TRON. Last month, the number of daily transactions processed on the network soared past 9 million setting a record high. The number of daily new accounts also reached an all-time high of 621,850. To date, over 2.2 billion transactions have been carried out on the network since it launched four years ago.

And TRX could soon receive another boost, with the TRON Foundation’s announcement of a $300 million ‘JustPlay’ fund to bootstrap GameFi projects over the next three years. GameFi, which combines elements of decentralized finance (defi), gaming, and NFTs, is a fast-growing sector that involves the gamification of financial mechanisms and incentivizes gamers to earn profits in crypto.

Any GameFi projects building on TRON will be a boon for TRX, which is the basic unit of account on the eponymous blockchain and thus powers all transactions and applications on the network.” Cryptodaily

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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Chainlink Partners With Solana, Launches Price Feeds On Solana Devnet

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Chainlink, an oracle network powering hybrid smart contracts, has partnered with Solana, a high-performance decentralized blockchain.

The partnership has enabled Chainlink’s Price Feeds oracle system for decentralized finance (DeFi) to be launched live on the Solana Devnet at sub-second updates. Chainlink says that it has planned mainnet integration for the oracle before the end of Q4. According to Chainlink, the integration was a result of months of close collaboration between Solana Labs and Chainlink’s development team.

Chainlink Price Feeds serves billions of dollars worth of transactions across the DeFi ecosystem, providing leverage to a wide network of professional nodes and institutional-grade benchmark providers. This generates global market-representative prices with robust coverage and multiple layers of decentralized security to ensure precision, uptime, and tamper-resistance, even during periods of extreme market volatility.

With the launch of Chainlink Price Feeds, developers on Solana can now leverage the oracle for highly decentralized, high-quality, and fast-updating price reference data, enabling them to build a wide variety of hybrid smart contract applications for the decentralized finance sector.

Chainlink Price Feeds has comprehensively aggregated data from sub-second data and analytics providers such as Coin Metrics, Cryptocompare, NCFX, Tiingo, and dxFeed, among others. The price feeds cover both crypto and traditional assets available for the public.

Chainlink now provides sub-second speeds on-chain without compromising on both quality and security because of its integration with Solana’s high-performance blockchain. Solana will support up to 65,000 transactions per second and diminished per-transaction fees. This addition of the Chainlink Price Feeds will bring decentralized finance development to a rapid phase to compete with centralized finance trade execution and risk management quality.

“With Chainlink Price Feeds providing sub-second updates on the Solana blockchain, smart contract developers will have the proven oracle infrastructure they need to build high-speed and tamper-proof DeFi applications. We are excited to be supporting the growth of the Solana ecosystem through oracle networks that provide end-to-end decentralization, data accuracy, and a wide range of secure off-chain services.” shared Chainlink co-founder Sergey Nazarov.” Cryptodaily

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice

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Kraken Commits $250,000 to Advancing Ethereum’s Blockchain Upgrade Efforts

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“Today we are excited to announce that Kraken has donated $250,000 to the Ethereum Foundation to support developer teams working to achieve critical milestones on the Ethereum roadmap.

We believe it’s our responsibility to support the open-source innovators who are building the next generation of Ethereum, one of the key pillars of the crypto ecosystem. 

“As the first major exchange to list ETH for trading, Kraken is proud once again to lead the way by giving back to the courageous builders who are hard at work on the front lines of crypto innovation,” said Kraken CEO and cofounder Jesse Powell.

Funds will be awarded to developers working on nodes that support the Ethereum software over the coming months, going directly to projects that together power more than 80 percent of the distributed Ethereum network. 

Kraken clients are equally excited by, and committed to, Ethereum’s potential to shape a decentralized future. Since last December alone, our clients have staked more than 800,000 ETH – worth over $1.8 billion – to Ethereum’s Beacon Chain through their accounts, locking funds that can’t be made available until Ethereum makes essential migrations on its upcoming roadmap. 

Our donation follows our December grant to the decentralized Ethereum funding platform Gitcoin, which helped Kraken distribute $150,000 to Ethereum infrastructure projects. 

If you’re new to Ethereum and just hearing about staking, you can check out our staking guide on our Learn center. There, you’ll find details about how you can buy and stake ETH, earning rewards on your crypto on the Kraken exchange. You’ll also be able to learn about Ethereum, its transition to proof-of-stake, and other assets that you can stake on Kraken. ” Kraken

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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Bitcoin is coming to Cosmos

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Bitcoin is coming to Cosmos

Interchain communication is one of the main themes of the summer. The ultimate solution for overcoming blockchain fragmentation. It enables interoperability and the transmission of value and information between different blockchains.

We are hence excited to announce that interBTC is coming to the Cosmos ecosystem and will be available to any chain that supports the IBC cross-chain standard.

interBTC: Bitcoin on any blockchain

Interoperability is at the heart of interBTC, through which Interlay aims to bring Bitcoin to all DeFi platforms and allow anyone to use their BTC anywhere. Built initially on Polkadot, interBTC enables any Polkadot, Ethereum, and other networks to access it.

Following the DeFi way, interBTC is trustless, secured by insurance, and capital-efficient. Vaults, who ensure BTC is locked on Bitcoin, earn competitive APY and anyone can become a Vault, anytime.

IBC: The Cosmos cross-chain standard

IBC is a set of interoperability standards, allowing any two smart-contract capable chains to communicate through cross-chain payments, as well as data and information transfers. IBC was devised by the Cosmos ecosystem to allow CosmosSDK chains to share functionality and liquidity.

interBTC + IBC = Bitcoin on any Cosmos chain

By adding IBC support to interBTC we allow any IBC compatible chain — both within the Cosmos ecosystem and outside — to access trustless Bitcoin liquidity.

This integration goes hand in hand with our vision of bringing interBTC to all DeFi platforms: while the core logic is hosted as a Polkadot parachain, interBTC can be moved to other networks via cross-chain protocols such as IBC.

Cosmos is the next logical step for interBTC, apart from Ethereum. It’s a multi-chain ecosystem similar to Polkadot, focused on tech and product — and aligns with our vision of cross-chain decentralized finance.” — Alexei, CEO of Interlay

Cosmos boasts a number of top-teams working on decentralized cross-chain exchanges — the ultimate first use case for interBTC, including Gravity DEXOsmosis, and the recently announced Emeris.

Cosmos boasts a number of top-teams working on decentralized cross-chain exchanges — the ultimate first use case for interBTC, including Gravity DEXOsmosis, and the recently announced Emeris.

Medium

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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Paxos Rebrands Token as ‘Pax Dollar’ Amid Stablecoin Wars

“Paxos gives its token a new name, Pax Dollar, as the company tries to challenge larger stablecoin rivals.

Paxos, a New York-based blockchain infrastructure firm, announced on Tuesday that it has changed the name of its stablecoin from “Paxos Standard’ to “Pax Dollar,” and that the token’s ticker symbol will become USDP.

The announcement comes as Paxos is fighting for attention amid a highly competitive stablecoin market that is dominated by Tether, a controversial overseas token popular with traders, and USDC, a U.S.-based stablecoin backed by Coinbase and Circle.

Stablecoins, as their name suggests, are digital tokens that lack the volatility of other cryptocurrencies. They are designed to maintain a 1-to-1 peg to a national currency like the dollar—though the mechanics of how that peg should work has been a topic of contentious debate in recent weeks.

Paxos has long touted what is now the Pax Dollar as the safest of stablecoins because the company has created reserves that consist entirely of U.S. dollars or short term Treasury bills. This is in contrast to the likes of Tether, which stores a large portion of its reserves in commercial paper and other assets.

Earlier this month, Paxos’s top lawyer claimed in a blog postthat Circle’s USDC was not a true stablecoin since, like Tether, a portion of it reserves were backed by assets like commercial paper and bonds. Circle initially blew off the criticism but, on Monday, announced that it was changing its policies so that USDC reserves would only consist of dollars and short-term Treasuries.

Backing a token only with dollar and dollar equivalents increases the integrity of a stablecoin. But it also comes at a business cost for the stablecoin issuers since it will earn less interest on the reserves it holds.

Stablecoins have also become a hot topic among regulators and central banks, including the Federal Reserve. In September, the Fed is expected to issue a major report on stablecoins that is likely to have repercussions across the industry.”

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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Why Mastercard is bringing crypto onto its network

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“Whatever your opinions on cryptocurrencies — from a dyed-in-wool fanatic to utter skeptic — the fact remains that these digital assets are becoming a more important part of the payments world.

We are seeing this fact play out on the Mastercard network, with people using cards to buy crypto assets, especially during Bitcoin’s recent surge in value. We are also seeing users increasingly take advantage of crypto cards to access these assets and convert them to traditional currencies for spending.

To be clear, this data is not of any individuals — it’s anonymized and in aggregate — but the trend is unmistakable.

We are preparing right now for the future of crypto and payments, announcing that this year Mastercard will start supporting select cryptocurrencies directly on our network. This is a big change that will require a lot of work. We will be very thoughtful about which assets we support based on our principles for digital currencies, which focus on consumer protections and compliance.

Our philosophy on cryptocurrencies is straightforward: It’s about choice. Mastercard isn’t here to recommend you start using cryptocurrencies. But we are here to enable customers, merchants and businesses to move digital value – traditional or crypto – however they want. It should be your choice, it’s your money.

Doing this work will create a lot more possibilities for shoppers and merchants, allowing them to transact in an entirely new form of payment. This change may open merchants up to new customers who are already flocking to digital assets, and help sellers build loyalty with existing customers who want this additional option. And customers will be able to save, store and send money in new ways.

We want to help these concepts flourish and reach their potential, while also developing and encouraging the necessary guardrails.

“We are here to enable customers, merchants and businesses to move digital value — traditional or crypto — however they want. It should be your choice, it’s your money.”

To be completely clear, not all of today’s cryptocurrencies will be supported on our network. While stablecoins are more regulated and reliable than in the recent past, many of the hundreds of digital assets in circulation still need to tighten their compliance measures, so they won’t meet our requirements. We expect consumers and the ecosystem as a whole will start to rally around the crypto assets that offer reliability and security. It’s those very same stablecoins that we expect to bring into our network.

What are we looking for? Four key items.

First and foremost we need consumer protections, including privacy and security of consumers’ information — the same level of security people have come to expect in their credit cards. Next, strict compliance protocols will be needed, including Know Your Customer, a requirement meant to snuff out illegal activity and deception in  payment networks. Also, these digital assets must follow local laws and regulations in the regions they are used.

Lastly, people will want to use these digital assets for payments, so that is one of our criteria too. To reach our network, crypto assets will need to offer the stability people need in a vehicle for spending, not investment.

We are already working hard to provide this consumer choice for cryptocurrencies. We teamed up with Wirex and BitPay last year to create crypto cards that allow people to transact using their cryptocurrencies. We added to those partnerships this year by joining forces with LVL, an up-and-coming cryptocurrency exchange. These relationships — with many more planned in the pipeline — build on our many years of crypto collaborations.

In all of these cases, cryptocurrencies still don’t move through our network. Our crypto partners convert the digital assets on their end to traditional currencies, then transmit them through to the Mastercard network. Our change to supporting digital assets directly will allow many more merchants to accept crypto — an ability that’s currently limited by proprietary methods unique to each digital asset. This change will also cut out inefficiencies, letting both consumers and merchants avoid having to convert back and forth between crypto and traditional to make purchases.

Added to this work, Mastercard is actively engaging with several major central banks around the world, as they review plans to launch new digital currencies, dubbed CBDCs, to offer their citizens a new way to pay. Last year, we created a test platform for these banks to use these currencies in a simulated environment. Using our deep experience in payments technologies, we look forward to continuing these partnerships with governments and helping them explore the best ways to develop these new currencies.

With 89 blockchain patents granted globally with an additional 285 blockchain applications pending worldwide, we already have one of the payments industry’s biggest blockchain patent portfolios to draw from to make these projects successful.

We are inspired by so much of the work going on in the payments world — in banking, in emergent fintechs, in crypto — to push forward change. And we are doing as much as we can to set the stage for these players to take the next step forward.” Mastercard.com

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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Saturday Night Thoughts


Charles Hoskinson : Saturday Night Thoughts

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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PayPal Launches Crypto Buying and Selling in the UK

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“PayPal’s UK customers will be able to buy, sell, and hold four cryptocurrencies: Bitcoin, Ethereum, Bitcoin Cash and Litecoin.

In brief

  • The UK becomes PayPal’s first crypto expansion outside the U.S.
  • The company has been gradually building up its crypto offerings.

Starting Monday, PayPal’s U.K. customers can buy, sell, and hold Bitcoin, Ethereum, Bitcoin Cash and Litecoin.

Customers can buy as little as £1 ($1.3) worth of the cryptocurrencies using their bank account, PayPal balance, or debit card through a crypto tab on PayPal’s website and mobile app.

The U.K. is the second nation to access these services after the digital payments behemoth rolled out its crypto suite in the U.S. in October 2020. It offers the same four coins to U.S. customers.

PayPal does not charge customers for HODLing but will charge transaction and currency conversion fees. It has not provided a fee schedule, but in the U.S. fees range from 50 cents for purchases under $25 to 1.5% of the transaction for purchases over $1,000.

Customers can’t transfer crypto to other wallets. Crypto purchased through PayPal can only be spent through the app, though the company is reportedly working to change that—at least in the U.S., as is competitor Robinhood.

Paypal CEO Dan Schulman told Decrypt in March that crypto could eventually form part of a “super app” that would cover shopping, financial services, and identification” Decrypt

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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Ethereum Rock JPEG Sells for $600k

“The price for the cheapest available EtherRocks has jumped by 900% in just two weeks.

In brief

  • EtherRocks consists of rock JPEGs that have no function other than being traded.
  • TRON CEO Justin Sun claims to have bought one for half a million dollars this morning.
  • The cheapest rock available for sale is now $1 million.”

$608,000 for a picture of a rock might sound too wild to be real. But today, one crude illustration from NFT project EtherRocks sold for just that.

Now sellers want even more for the flashy JPEGs. The cheapest pet rock sells for $1 million. Just yesterday, the cheapest rock was priced at $305,000, and only two weeks ago, one sold for $100,000.

The buyer of yesterday’s cheapest rock could have made $400,000 if they sold at today’s market rate.

The rocks are NFTs, or non-fungible tokens: blockchain-based tokens that demonstrate ownership over digital items, such as images or video files, or physical assets.

There are 100 EtherRocks, each created in 2017—ancient for an NFT project. The illustrations come from a royalty-free clip art database and were inspired by the Pet Rock toy craze of the 1970s.” Decrypt

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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Enjin Ecosystem Vlog Ep2

“earn more about the powerful Paratoken Standard that will enable cross-chain NFTs in Episode 2 of our Ecosystem Update video series.

What is a token standard?

Our Co-founder & CTO Witek Radomski is the force behind the ERC-1155 token standard, having created it back in 2018. 

ERC-1155 is a token standard for Ethereum. So… what does that mean? 

Let’s say you want to create something on Ethereum, whether a new cryptocurrency or an NFT. You’d probably want apps, wallets, and smart contracts to recognize your tokens, right?

That’s what token standards are for; they’re basically a set of rules for creating smart contracts that power cryptocurrencies and NFTs, so that they can be used in as many wallets, marketplaces, and other apps as possible. 

Cryptocurrency tokens built on Ethereum (like Enjin Coin) follow the ERC-20 standard. On the other hand, NFTs use the ERC-721 and ERC-1155 standards. While ERC-721 is a legacy standard made for one-off NFTs, ERC-1155 takes things a lot further. 

For example, with ERC-1155, you can group NFTs and fungible tokens in the same contract, creating different types of tokens and adding functionality around them.

Some of the cool features of ERC-1155 are not only cheaper transactions (saving up to 90% on gas fees when minting!), but any block explorer gets a ton of info about what exactly happened with your tokens, whether they were minted, burned, or anything else.”Enjin.io

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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New Dogecoin Foundation Considers HQ In ‘Crypto-Friendly’ Liechtenstein: Report

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What Happened: The Dogecoin Foundation, a nonprofit organization aiming to support the development of the Dogecoin (CRYPTO: DOGE) ecosystem, is planning to open its headquarters in Liechtenstein 

The core team of the Foundation, which includes Ethereum (CRYPTO: ETH) co-founder Vitalik Buterin and Tesla Inc (NASDAQ:TSLA) CEO Elon Musk’s legal and financial advisor Jared Birchall, told Decrypt. 

Other key members of the Foundation are Ross Nicoll, Michi Lumin, Timothy Stebbing, Gary Lachance, and Jens Wiechers.

“We are currently in talks with people in Liechtenstein to establish a long-term legal entity there,” said board member Jens Wiechers.

Liechtenstein has remained incredibly crypto-friendly, and as a member of the European Economic Area (EEA) would give the Foundation flexibility to operate with other European organizations,” Wiechers added. 

“The foundation serves as an embodiment of Dogecoin to allow advocacy, support, and defense of Dogecoin to occur,” Foundation board member Michi Lumens told Decrypt. 

Why It Matters: As a nonprofit organization, the Foundation has existed in the U.S. since 2014. But the current regulatory conditions for nonprofit crypto companies might not be the best, so the decision was made to settle in Liechtenstein. 

Ever since the inception of the Foundation, Wiechers has fought off attacks on the brand at his own expense. However, with the Foundation’s re-establishment and structure, things will now be handled via funds available through the Foundation. 

Number of companies have introduced “Doge-themed” products, including Unilever PLC’s (LON: ULVR) Axe deodorant that launched a limited edition DOGE scent and Kraft Heinz Co (NASDAQ:KHC) subsidiary Oscar Mayer that auctioned limited edition “Hot Doge Weiners” on eBay Inc (NASDAQ:EBAY).

The Dogecoin Foundation said it exclusively holds the Dogecoin mark and the Dogecoin Logo and intends to maintain them for the community. Coingraph

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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OpenSea Sees $1 Billion in Trading Volume in August

“Trading volume exceeded $1 billion.

Major non-fungible token (NFT) peer-to-peer marketplace OpenSea, has recorded a massive milestone, as its trading volume hit the $1 billion mark in August.

OpenSea’s Trading Volume Achieves Billion-Dollar Milestone

Tweeting on Tuesday (August 17th, 2021), OpenSea co-founder and CEO Devin Finzer announced the platform’s record trading volume. Earlier in August, the platform’s transaction volume saw a massive $95 million in 48 hours, which exceeded the entire volume registered in 2020.

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According to data from DappRadar, OpenSea has processed over 385,500 ETH worth $1.2 billion in trading volume in the last 30 days. This figure signals an astronomical increase of 932.68%.

Indeed, the $1 billion mark recorded on OpenSea is an indication of the growing use and adoption of NFTs. Celebrities, artists, sports clubs, musicians, among others continue to tap into the nascent industry by launching their various digital arts.ADVERTISEMENT

As reported by CryptoPotato earlier in August, New York-based American entertainment giant Marvel Entertainment unveiled the first set of NFTs of one of its comic superheroes, Spiderman, which sold out in under 24 hours. The company later launched the Captain America digital collection series.

Back in July, New York Knicks, an American professional basketball team partnered with enterprise NFT solution Sweet to launch five limited editions of 3D NFT Knicks tickets. The sector has also penetrated the government landscape, as Isreal’s new President received a digitalized copy of the original oath signed by the President’s father.” Cryptopotato

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.