Autor Cointelegraph By Brian Quarmby

Nifty News: Shitposters set for $DRAMA rewards, Zuck’s little league card tokenize and more…

Nifty News: Shitposters set for $DRAMA rewards, Zuck’s little league card tokenize and more…

Uverejnil používateľ | sep 13, 2022 |

Solana-based NFT project Outcast Academy has started dishing its newly launched $DRAMA tokens, rewarding the most popular shitposters on Twitter as nominated by the community.Outcast Academy describes itself as an “entertainment NFT experiment” and has launched $DRAMA tokens as part of its “shitpost-to-earn” ecosystem, allowing community members to tag its associated @DramaReward bot account to nominate their favorite tweets from Twitter shitposters.The nominated Twitter years would be able to receive free airdropped $DRAMA tokens.However, the specific details of the rewards, how many nominations are required, and other details have not yet been outlined. Now, it pays to be a sh*t-poster. Introducing $DRAMA. Tag @DramaReward to nominate your favorite tweets. pic.twitter.com/4pWkHNrKHA— Outcast Academy – MINTING Sept (@Outcast_Academy) September 12, 2022Shitposting generally refers to people that post content that is ironic, satirical, sarcastic, or just a pure troll to invoke certain reactions, and this new NFT project is aiming to reward such behavior. The project notably has backing from VaynerMedia, the marketing and media agency belonging to NFT proponent and popular entrepreneur Gary Vaynerchuck.Summer is over, degens. The Solana Principal cordially invites @garyvee & @ajv back to school. pic.twitter.com/Ze1RoVzQV6— Outcast Academy – MINTING Sept (@Outcast_Academy) September 9, 2022

Outcast Academy is also set for its first NFT release later this month, with a collection of 5,000 NFT avatars that depict various high school archetypes such as nerds, jocks and rebels. The project states it is keeping the utility behind the NFTs “hush-hush” at this stage but notes that it is building an “entertain-to-earn ecosystem.” Muck Zuckerberg’s tokenized little league baseball card A little league baseball card featuring Meta founder Mark Zuckerberg is set for auction on Sept. 24 via an online collectibles marketplace. The card features a photo of Zuckerberg aged eight, donning a baseball uniform with a bat in hand. These cards are generally made as novelty items for young baseball players, and Zuckerberg is to have signed his card and given it to his camp counselor at the time. The card has since been minted as an NFT and is set to be auctioned off via the online collectibles marketplace ComicConnect. The auction isn’t sanctioned by the man himself.Little league Zuck: ComicConnect“There’s nothing remotely like it. Mark Zuckerberg has impacted our culture more than every MLB and NBA player combined — and this card is truly one of a kind,” noted ComicConnect co-owner Stephen Fishler in a Sept. 12 announcement. Given that The Zuck is a divisive figure due to launching the privacy intrusive and personal data mining intensive giant on Facebook, it remains to be seen how much demand this NFT may have. NFT lending on CardanoAada Finance, the first protocol set to offer NFT lending and borrowing services on the Cardano blockchain, is offering $25,000 bug bounty competition as part of its mainnnet launch on Sept. 13. Those who can spot critical smart contract vulnerabilities, and provide suggestions on how to fix them will receive $25,000 worth of the protocol’s native AADA tokens. Aada Finance says that it will offer users “peer-to-peer lending and borrowing in an order book style while fully controlling their loan requests and loans.” Related: Bitcoin might be down but interest in crypto and NFTs is here to stay: Ledger CEOThe platform may take a while to get off the ground however, as notable NFT action is still lacking on Cardano.Cardano doesn’t even make the list of the top 16 selling NFT networks according to CryptoSlam, despite 16th-placed Theta generating just $117 worth of secondary sales volume over the past 24 hours. @AadaFinance has announced their $25,000 Bug Bounty Program. Your contribution to find bugs would ensure the safety for the users’ fund and for prosperity of the Cardano DeFi as well as the whole ecosystem.✅ https://t.co/pHaJdDlLdS pic.twitter.com/Qlfjg4lN5J— Cardano Daily (@cardano_daily) September 9, 2022

Supercharged Lambo NFTs Luxury sports car developer Lamborghini is set to roll out its second round of NFTs this month, this time offering specific utility for avid collectors.Lambo enthusiasts who collect three regular tier drops of the company’s NFTs this month will receive priority access to a rare drop at the end of this month, an hour ahead of other users. For anyone that managed to collect eight rare-tier NFTs out of the drops will receive a gold tier NFT that offers them exclusive benefits and rewards. Virtual Lambo: Lamborghini The incentives include a Lamborghini GLB file that enables hodlers to port a “yet to be determined” Lambo model into the Metaverse, exclusive digital artwork by Mitja Borkert, Head of Design at Lamborghini and a chance to join a tour of the firm’s Sant’Agata Bolognese headquarters. Lamborghini’s first NFT drop came in January with a series of five tokenized artworks depicting a Lamborghini Ultimae launching into space above the Earth. The NFTs eventually sold in February for nearly $660,000 combined.

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Ubisoft cools off on NFTs and blockchain, says it's in 'research mode'

Ubisoft cools off on NFTs and blockchain, says it's in 'research mode'

Uverejnil používateľ | sep 13, 2022 |

Yves Guillemot, the CEO of French gaming giant Ubisoft appears to have cooled the rhetoric behind the company’s NFT gaming project Quartz, noting in a recent interview that it was merely in “research mode” concerning Web3 tech integrations. It’s a relatively different take from other Ubisoft execs in the past, including chief financial officer Frédérick Duguet who in October stated that blockchain integrations will enable users to own and earn content and the firm wants to “be one of the key players here.”During a Sept. 10 interview with gamesindustry.biz, Guillemot appears to be walking some of those comments back, emphasizing that at this stage, Ubisoft is primarily looking to discover how NFTs can be applied to games and whether they will benefit gamers or not. “We are very much on cloud, on the new generation of voxels, and we’re looking at all the Web3 capabilities. We tested a few things recently that are giving us more information on how it can be used and what we should do in the universe of video games,” he said, adding that: “So we are testing ground with some games, and we’ll see if they really answer the players’ needs. But we are still in research mode, I would say.”Ubisoft announced its first foray into NFTs in December, after launching a beta version of Ubisoft Quartz, aimed at offering gamers playable NFTs that could be utilized in games such as Tom Clancy’s Ghost Recon Breakpoint. The move was met with strong pushback from some members of the NFT-hating gamer community, with some accusing the firm of “milking” every cent possible out of its popular game franchises by introducing NFTs into the mix. Nicolas Pouard, the vice president at Ubisoft’s Strategic Innovations Lab defended the company’s NFT efforts in January, stating: “I think gamers don’t get what a digital secondary market can bring to them.” Reflecting on Ubisoft’s NFT rollout, Guillemot says the firm ultimately didn’t communicate the company’s approach to the project effectively enough. “We probably were not good at saying we are researching,” he said, adding that “we should have said we were working on it, and when we have something that gives you a real benefit, we’ll bring it to you.”The Ubisoft CEO was also questioned about the environmental impacts of blockchain tech, something which is often highlighted by gamers who generally confuse energy-intensive Proof-of-Work (PoW) chains as the industry standard for all projects. Related: GameFi fundraising jumps 135% in August, but is still down from June: ReportGuillemot noted that while he’s “very cautious” about the environmental impacts of the sector, he’s optimistic that these issues will be ironed out over time. “Like so many things, at the beginning it’s not as good as it could be, but like other new technologies they will find the right way.”

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State Street: Institutional investors undeterred by crypto winter

State Street: Institutional investors undeterred by crypto winter

Uverejnil používateľ | sep 12, 2022 |

Institutional investors are unfazed by the current crypto winter and have maintained their interest in blockchain and digital assets according to megabank State Street.Speaking with Australian news outlet Sydney Morning Herald (SMH) on Sept. 11, Irfan Ahmad, the Asia Pacific digital lead for the bank’s crypto unit State Street Digital emphasized that despite extreme volatility through June and July, the firm’s institutional clients have continued to make moves in the sector. “During the course of the June, July period where things were really hotting up in terms of activity, we saw institutional clients not necessarily double down, but they weren’t really deterred from placing strategic bets on the asset class itself.” Three crypto exchange-traded funds (ETFs) from Cosmos Asset Management and 21Shares launched on the Cboe Australia exchange in May, while asset manager Monochrome has recently received approval to launch the country’s first Australian financial services licensed spot crypto ETF in August. State Street is the fund administrator for the Cosmos Purpose Bitcoin Access ETF in particular, and Ahmad told the SMH that more crypto product launches are coming to Australia in the “very near future” but did not outline any specific names. “Certainly, our clients, they’ve been speaking to us more pragmatically about how they might be able to launch products, or what our capabilities may be in the future to help them support the launch of those products,” he said.Meanwhile, the Australian Securities Exchange (ASX) and Australian banking giants such as ANZ and NAB have been primarily focused on stablecoins and traditional asset tokenization rather than crypto investments specifically.The Commonwealth bank had a short lived crypto trading service play that was indefinitely halted in May due to regulatory uncertainty. Overseas, big-name American institutions such as BlackRock have been making serious crypto plays of late. Last month, the $10 trillion asset manager partnered with Coinbase to provide institutional clients direct exposure to crypto and launched a private spot Bitcoin (BTC) trust. Global investment bank Citigroup in August also hired two key execs in Ryan Rugg and David Cunningham as part of the firm’s Treasury and Trade Solutions (TTS) unit which oversees its institutional crypto offerings. Related: Australian Treasury consults public on Bitcoin foreign currency tax exclusionRugg signed on to be the global head of digital assets for TTS, while Cunningham was onboarded as the director and strategic partner development for digital assets at the firm.More recently on Sept. 7, Swiss digital asset banking platform SEBA Bank launched an institutional Ether (ETH) staking service to meet the growing demand for the yield-bearing asset ahead of the Merge.

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Crypto markets see flood of Queen Elizabeth memecoins and NFTs

Crypto markets see flood of Queen Elizabeth memecoins and NFTs

Uverejnil používateľ | sep 9, 2022 |

Crypto degens have wasted no time after the passing of Queen Elizabeth II, flooding the crypto market with more than 40 new Queen-related meme tokens, and hundreds of new nonfungible tokens (NFTs) in the same vein.New tokens launched on decentralized exchanges on the Binance Smart Chain (BSC) and Ethereum over the past 24 hours include names such as Queen Elizabeth Inu, Save the Queen, Queen, QueenDoge, London Bridge is Down and Rip Queen Elizabeth. According to data from Dex Screener, the Queen Elizabeth Inu token on BSC-based Pancake Swap has since had the biggest price value gain over the past 24 hours with an eye-watering 28,506% pump to $0.00008000 at the time of writing. Queen Elizabeth Inu chart: Dex ScreenerIts $391,000 worth of 24-hour trade volume pales in comparison to the Elizabeth token, however, which has seen $2.7 million worth of trade volume in just under 12 hours. The asset has also had a meteoric pump of 8,442% to sit at $0.059931. It’s worth noting that both Queen Elizabeth Inu and Elizabeth have just $17,000 and $204,000 worth of liquidity behind them, indicating a lack of serious backing behind and a potential for short-lived pump and dump, similar to the infamous Squid Games token which crashed and burned in October last year.The 135,000 strong crypto hating community r/Buttcoin has of course chimed in on the matter, with user woliphirl joking that they were “feeling bullish the U.K. will adopt Queen Elizabeth II Commemorate token as their national currency in the coming weeks.” This came in response to a screen-grabbed photo from a post in the r/cryptocurrency community that was commenting on how embarrassing this looks for the crypto industry as a whole. Queen Elizabeth memecoin post: RedditOver on NFT marketplace OpenSea, the RIP Queen Elizabeth project has also sprouted up within hours of the queen passing away. There are 520 NFTs in the collection, with each token featuring artistic renditions of the queen with sinister undertones. It appears collectors have not jumped behind the project as of yet, as it has generated just 0.06 Ether (ETH) worth of sale volume worth roughly $101. Related: Liz Truss, who said UK ‘should welcome cryptocurrencies’ will be the next prime ministerThe amount of NFTs in the collection seems to suggest that the project’s creator was waiting for the right moment to launch the collection.Rip Queen Elizabeth NFTs: OpenSeaQueen Elizabeth II passed away aged 96 and was the longest serving monarch of a sovereign country with 70 years and 214 days at the helm in England. She received strong support from English citizens and held monarchy approval rates of around 90% at times during her reign.

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Stack releases crypto trading app aimed at teens and parents

Stack releases crypto trading app aimed at teens and parents

Uverejnil používateľ | sep 9, 2022 |

Crypto-curious teens may be able to try their hand at real crypto trading after the launch of  education and trading app Stack — aimed at teaching under 18s how to trade and hodl crypto.The crypto trading app was launched by mobile software firm Stack on Sept. 8, with the aim of offering young crypto enthusiasts better educational alternatives to what they may find from crypto influencers on social media platforms such as Reddit and TikTok. The app will of course comes with parental controls, and the accounts on Stack are regulated under the Uniform Transfers to Minors Act which allows parents and legal guardians to maintain ownership of the account and assets until their teenager turns 18.In a Sept. 8 announcement, Stack CEO Will Rush highlighted that there is strong demand in Gen Z to learn about crypto, but the educational content they consume online is usually via social media apps or blog posts that arguably lack substance. The CEO states that Stack is trying to fill a gap in the market by “building content to specifically resonate with teens.””All of our research about Gen Z demonstrates that they are self-learners but also that they follow trends that evolve in minutes instead of days, months or years. This means that too often, TikTok or Reddit is their financial advisor.” Expanding on those comments with fintech news website TechCrunch, Rush stated that “we need a big lift to make it relevant to teenagers and are looking at educational topics like NFTs, Metaverse, and web3.” “We aim to be the trusted account for democratizing investing for young people,” he said. Alongside educational crypto content, Stack is offers buying, selling, and holding services for seven digital assets including Bitcoin (BTC), Ether (ETH), Cardano (ADA), Solana (SOL), USD Coin (USDC), Litecoin (LTC) and Polygon (MATIC).Instead of charging trading fees, the crypto exchange app uses a $3 per month subscription fee.The crypto app will also not allow off-platform transfers at this stage, with Rush stating this enables the firm to “eliminate up to 98% of all crypto fraud and scams” that occurs in the sector. The company has also suggested that this will encourage teens to become long-term hodlers, rather than putting their focus on wild day-trading speculation. The app is available on Android and Apple devices, with users 13 and over being able to sign up. Alongside the app launch, the firm also revealed that it has raised $2.7 million worth of funding from the Madrona Venture Group. Related: From games to piggy banks: Educating the Bitcoin ‘minors’ of the futureThe VC firm highlighted in a Sept. 8 blog post that the company is tapping into a growing but underserved market: “Gen Z is considered an entrepreneurial generation. As a result, many of them are crypto-curious. Coinbase and FTX have served as consumer entry points to crypto through crypto trading and educational content. However, they are inaccessible to the minors — the next generation of consumers.” “The team has numerous high-school-based investment clubs around the country interested in getting into the initial rollout. We find Stack’s 5,000-person wait list for the iOS or Android app impressive,” Madrona added. A survey from online educational platform Study.com in late August found that more than two-thirds of crypto-versed parents and college graduates in the U.S. think that crypto should be taught in schools so that students can “learn about the future of our economy.” The survey polled 1094 people, with 67% of respondents stating that crypto education should be mandatory in school.

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