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“# $106M worth of Metaverse land sold last week: DappRadar ” Four blockchain-based Metaverse projects generated more than $100 million worth of virtual land NFT sales last week according to data from DappRadar. A Nov. 30 post from the decentralized application (DApp) analytics firm reported that between Nov. 22 and Nov. 28 activity was “booming”…
“# Wear-to-earn NFTs target the billion-dollar fashion industry ” The rise of the Metaverse and Web 3.0 are set to disrupt multiple sectors including the billion-dollar global fashion industry. As the world moves from physical to digital, traditional fashion design can transform into virtual wearables that can be leveraged in both augmented reality (AR) and…
“# Key data points suggest the crypto market’s short-term correction is over ” The performance of cryptocurrencies in the past 7 days might have seemed slightly unexciting, especially since the total market capitalization increased by “only” 1.8% to reach $2.7 trillion. However, even with the muted price action, some altcoins managed a decent rally. Bitcoin…
“# NFT art will never be mass-market — NFT licenses may be ” Visa got itself a fancy new Twitter avatar this August, and even though it didn’t stay up for long, the 8-bit-styled picture of a visibly unamused woman with a stylish mohawk still made dozens of headlines. It was not just about the…
“# New tribes of the Metaverse — Community-owned economies ” People have talked in glowing tones about the transformative properties of blockchain since Satoshi Nakamoto launched Bitcoin (BTC) back in 2009 — books have been written, thousands of panels and presentations have complemented its prospects, costumed Bitcoin maximalists have flaunted their newfound wealth. Despite these…
“# OKEx shared insights on trading, regulation, DeFi and more during recent Markets Pro AMA ” Founded in 2017, OKEx is a centralized cryptocurrency exchange based in Seychelles. According to CoinGecko, OKEx is the world’s third-largest cryptocurrency brokerage, with nearly $12 billion in trading volume within the past 24 hours. The exchange lists 312 coins…
“# Axie Infinity virtual land slot sells out for 550 ETH ” In a tweet posted by Axie Infinity late Thursday, a lucrative land plot within the monster-battle fantasy nonfungible tokens, or NFTs, game sold for 550 ETH ($2.3 million). Axies are creatures that users command to duel other players, battle enemies, and complete daily…
“# The Metaverse is a $1T opportunity after users increase 10X: Grayscale report ” Crypto investment giant Grayscale has published a bullish report on the Metaverse, estimating that the “market opportunity” for bringing the Metaverse to the mainstream may be worth over $1 trillion in the next few years. The November report titled “The Metaverse,…
“# Animoca to repay users 265 ETH stolen in fake NFT drop Discord hack ” Hong Kong-based gaming and venture capital company Animoca Brands and subsidiary Blowfish Studios have promised users that they will repay 265 ETH (US$1.1 million) stolen in a fraudulent nonfungible token (NFT) sale on D`iscord. The fraudulent minting event occurred at…
“# Gaming crypto GALA rallies nearly 350% in November — Correction ahead? ” Gala Games’ in-house currency GALA rallied by nearly 350% in November, ignoring corrections across the top cryptocurrencies, including Bitcoin (BTC). Notably, GALA price surged from $0.088 to $0.42 between Nov. 1 and Nov. 22. GALA/USD four-hour price chart. Source: TradingView GALA’s gains primarily…