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“# MetaMask surpasses 10M monthly active users as DeFi continues to surge ” Ethereum wallet and browser extension MetaMask achieved another major milestone in August, as its monthly active userbase topped 10 million for the first time, further highlighting the growing demand for DeFi assets. MetaMask credited a confluence of factors for its exponential growth,…
“# Tennis star Naomi Osaka shows interest in Dogecoin, launches NFT ” Naomi Osaka, a top tennis player from Japan, has been open about diversifying her investments in cryptocurrency after noticing the hype around Dogecoin (DOGE), which was primarily led by Elon Musk. In a recent Bloomberg interview, Osaka revealed that she has been in…
“# Three Arrows Capital execs launch NFT fund ” Executives hailing from Singapore-based fund manager, Three Arrows Capital (3AC), have launched a fund focused on collecting premium digital art in the form of nonfungible tokens (NFTs). The fund, dubbed Starry Night Capital, was founded by Three Arrows Capital’s CEO, Su Zhu, 3AC co-founder, Kyle Davies,…
“# Corporate brands target NFTs and adoption continues to skyrocket ” The nonfungible token (NFT) space is arguably one of the most popular aspects of crypto and blockchain technology. Indeed, NFTs are often the topic of conversation, garnering significant interest both from inside and outside the industry. Such is the growing appeal of NFTs outside…
“# OpenSea’s team of 37 staff are currently handling 98% of combined NFT volumes ” OpenSea’s Head of Product Nate Chastain posted a plea for help, revealing the popular marketplace currently comprises just 37 people despite currently processing 98% of all NFT volumes. The world’s largest nonfungible token marketplace, OpenSea, is desperately in need of…
“# Visa whitepaper describes NFTs as a ‘promising medium for fan engagement’ ” Visa’s splash into the NFT market was driven by an evaluation of the underlying technology and its ability to serve as a “promising medium for fan engagement,” according to a recent whitepaper published by the global payments giant. The Aug. 23 publication…
“# Crypto wallets: An important battlefront to gain wallet share and mind share ” Digital wallets are software constructs that mimic physical wallets and provide the functionality of storing, using and categorizing payment instruments. The journey of digital wallets started with payments and morphed to other forms of stubs such as digital passes, tickets and…
“# Altcoin Roundup: Layer-one protocols chip away at Ethereum’s dominance. ” The rise of decentralized finance and nonfungible tokens has transformed the blockchain ecosystem and generated near unimaginable riches for investors, but none of this would be possible without the strong foundation offered by layer-one blockchain networks like Bitcoin and Ethereum. Smart contracts and layer-two…
“# Cointelegraph Consulting: Going down the Metaverse ” As nonfungible token sales appear reanimated after a nearly two-month dry spell from their apex in May, a particular NFT application is gaining popularity more than ever: metaverses. Metaverses have gained their fair share of media attention lately, with big moves coming from companies like Facebook and…
“# Record $900 million month for NFT sales as CryptoPunks go stratospheric ” August is shaping up to be a record month for nonfungible token sales with almost $900 million spent on them over the past 30 days. According to data from the tracking portal Nonfungible, $896 million has been spent on NFTs over the…