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” $72M Illuvium NFT Land Dutch auction saves buyers thousands on gas fees “ Open-world blockchain game Illuvium managed to keep the average transaction fee for its nonfungible token (NFT) Land at about $20 by holding the Dutch auction on the Illuvium X Layer-2 scaling solution. The price to mint the NFTs was a fraction…
” Struggle for Web3’s soul: The future of blockchain-based identity “ The attention, one might suspect, has much to do with the participation of Buterin, blockchain’s wunderkind and the legendary co-founder of the Ethereum network. But it could also be a function of the paper’s ambition and scope, which includes asking questions like: What sort…
” How to buy NFTs on Solana? “ The burgeoning popularity of nonfungible tokens (NFTs) has led to issues like exorbitant transaction fees and congestion in the prevalent Ethereum-based ecosystem. The fee factor serves as a major deterrent to anyone wanting to execute transactions on the blockchain. A report published by Reuters revealed that the…
” Crypto.com’s Cronos launches $100M accelerator for DeFi and Web3 “ Cronos, a blockchain ecosystem built by major crypto exchange Crypto.com, announced the launch of an accelerator program to fast-track advancements across the decentralized finance (DeFi), Web3 and Metaverse space, among others. Driving the initiative, the Cronos Accelerator Program is backed by $100 million to…
“Jim Carrey buys NFT of abandoned Soviet sanatorium” Jim Carrey is the latest celebrity to get sucked into the non-fungible token craze with the purchase of digital art piece that has direct ties to the Soviet Union. Outbidding others, Carrey, 60, paid 20.0Ξ — which equates to $39,535 — for an NFT titled “Devotion.” The work…
” CertiK shares security tips following third BAYC security compromise in six months “ On June 4, the popular nonfungible token, or NFT, project Bored Ape Yacht Club (BAYC) suffered its third security compromise this year. Nearly 142 Ether (ETH) ($250,000) worth of NFTs was stolen after hackers gained access to the Discord account of a…
” Hong Kong’s Securities and Futures Commission warn of nonfungible token risks “ On Monday, Hong Kong’s Securities and Futures Commission (SFC) released a statement warning investors about the risks of nonfungible tokens, or NFTs, which have soared in popularity in recent years. The regulatory body wrote: “As with other virtual assets, NFTs are exposed…
” Purrfect match: The story of a young girl’s love of cats and NFTs “ For all the cynical narratives that circulate the mainstream zeitgeist perceiving nonfungible tokens (NFTs) as little more than means of inflating capitalistic principles, every so often projects emerge that disprove those absolute assumptions, and serve as reminders of the essence,…
” MetaBrewSociety to offer voting rights over a brewery via NFTs and DAO “ Munich-based MetaBrewSociety (MBS) will soon offer voting rights on the business decisions of a physical brewery via nonfungible tokens (NFTs) and a decentralized autonomous organization (DAO). The MBS was formed in February this year by a group of beer-loving NFT investors…
” DeFi community rallies behind PoolTogether to hit $1.4M NFT defense funding target “ No-loss lottery decentralized finance (DeFi) platform PoolTogether has reached 100% of its legal defense funding goal via the sale of NFTs. It has taken the project just ten days to reach its funding goal of 769 Ether (ETH) or $1.4 million,…