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“# How blockchain technology might bring triple-A games to metaverses ” Nonfungible token-based projects like Loot and The N Project have helped spike interest in the Metaverse to an all-time high, raising hopes again that blockchain will finally break through to the masses. Will it, or is history doomed to repeat itself? The problem is…
“# Layer-2 and multi-chain DeFi platforms see record inflows as Ethereum fees soar ” High transaction fees have been a persistent thorn in the side of investors and blockchain projects since at least 2014 when Ethereum Network co-creator Vitalik Buterin stated in reference to Bitcoin, “The ‘Internet of Money’ should not cost $0.05 per transaction….
“# Ethereum sees first consecutive week of deflationary issuance ” The Ethereum network has seen its first consecutive week of negative supply issuance as bubbling markets drive persistently high transaction fees. With the highly anticipated London upgrade introducing a burn mechanism into Ethereum’s fee market in early August, a small quantity of Ether has since…
“# New proposal aims to raise Binance Coin value by burning BSC fees ” Amid the ongoing rally of Binance’s native token, Binance Coin (BNB), the developers of Binance Smart Chain (BSC) have proposed more measures to maintain the token’s deflationary model and improve its intrinsic value. According to a new Binance Evolution Protocol, BEP-95,…
“#Google cuts Play Store fees in half after barrage of criticism” Alphabet Inc-owned Google said on Thursday it is lowering the fee that subscription-based apps need to pay Play Store to 15% right from day one, following criticism about its fee structure from companies such as Spotify. Currently, developers pay a 30% subscription fee in the first…
“# Rarible introduces zero-cost NFT minting feature ” Nonfungible token (NFT) marketplace Rarible has introduced a new functionality titled “lazy minting” that promises users the ability to create nonfungible tokens at zero cost — all while enhancing environmental sustainability on the platform. Instead of the traditional method whereby data is stored on the blockchain immediately…
“# FTX.US expands NFT marketplace to support Solana tokens ” FTX.US’s NFT marketplace has expanded support to the Solana blockchain, enabling users to trade, deposit and withdraw nonfungibles that conform to the Metaplex token standard. The U.S. registered branch of FTX announced the expanded functionality on Oct. 11, revealing the marketplace also plans to support…
“# Navigating the NFT minefield: It should be made easy for first-time buyers ” Whether it’s baseball players or shiny Pokemon cards, collectibles have been a cultural mainstay in human behavior since the Renaissance. Memorabilia from famous films or items of clothing worn by a celebrity can be auctioned and sold for eye-watering amounts. Take…
“# Magic Internet Money races past $1B, sets sights on MakerDao ” Abracadabra Money’s stablecoin Magic Internet Money (MIM) has surged past a $1 billion total supply this month as the project works to provide competition to MakerDAO. Abracadabra is a cross-chain stablecoin lending protocol that operates on Ethereum, Binance Smart Chain (BSC), Fantom, Avalanche,…
“# FTX customer seeks help after mistaken deposit allegedly results in $1M in fees ” A crypto hodler is outraged after allegedly copping a $954,135 fee from centralized exchange FTX. The trader claims the fee was charged over a mistaken deposit they believe was the exchange’s fault. On Oct. 6, the Rekt Blog published screenshots…