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” What happened? Terra debacle exposes flaws plaguing the crypto industry “ The past week has been a dark period in the history of crypto, with the total market capitalization of this industry dipping as low as $1.2 trillion for the first time since July 2021. The turmoil, in large part, has been due to…
” Aurora launches $90M fund to finance DeFi apps on Near Protocol “ Aurora, an Ethereum Virtual Machine (EVM) designed to scale decentralized applications (DApp) built on the Near protocol, has launched a token fund worth $90 million. The fund was launched today in partnership with Proximity Labs and will be focused on financing decentralized…
” This week’s whipsaw market movements test NFT traders’ resolve — What’s next? “ It goes without question that there has been an influx of excited investors piling into Web3 and this is despite the decrease in total volume sales in the last seven days. Since the start of May, the total market capitalization for…
” Rising global adoption positions crypto perfectly for use in retail “ Even though the cryptocurrency market seems to be going through a bit of a lull at the moment, there’s no denying the fact that the industry has grown from strength to strength over the last few years, especially from an adoption perspective. To…
” Can Solana become the dominant PoS chain despite persistent outages? “ Like most new-age networks, Solana was developed to resolve major issues confronting the blockchain industry. While the network has addressed some of these issues by its very nature, it has also encountered a few unique problems. From resource exhaustion to a halt in…
” Largest NFT mint ever: Making sense of Yuga Lab’s ‘virtual’ land bonanza “ Last week, 55,000 parcels of “virtual land” were sold on the Ethereum blockchain for more than $300 million, the largest nonfungible token (NFT) mint ever. It wasn’t without controversy. In return for shelling out close to $6,000, a purchaser received an…
” Plain talk about NFTs: What they have been and what they are becoming “ There’s been a tremendous amount of hype and misinformation about nonfungible tokens (NFTs) since they appeared on the scene in 2014, particularly since the total market for them passed $24 billion. You can’t open a news feed without an article…
” How to avoid front runners on decentralized crypto exchanges “ Decentralized exchanges (DEXs) nip in the bud several issues concerning their centralized counterparts such as concentration of liquidity in the hands of a few players, compromise of funds in case of a security breach, closed control structure and more. One issue, however, that has…
” Tumbleweeds blow through Coinbase NFT on its first day: Just $75K in volume “ Coinbase, one of the largest crypto exchanges by volume, opened its beta non-fungible token (NFT) marketplace to the public on May 4 with on-chain data showing a maximum of 150 total transactions on the day and $75,000 in USD volume….
” Nifty News: Steve Irwin’s zoo conservation NFTs, SportemonGo is gone, and more “ The Crocodile Minter Australia Zoo, the famous animal sanctuary owned by Terri Irwin, the widow of Steve Irwin or the crocodile hunter, has launched an NFT project called “Wildlife Warriors.” Wildlife Warriors is also the name of a non-profit organization founded…