Autor Cointelegraph By Ezra Reguerra

OpenSea disables features temporarily as contract migration completes

OpenSea disables features temporarily as contract migration completes

Uverejnil používateľ | feb 25, 2022 |

The week-long period that OpenSea gave users to migrate their nonfungible token (NFT) listings ends today. Following the deadline, the platform announced that some features on the site may not be available temporarily due to the migration.On Feb. 19, OpenSea pushed a new smart contract and urged users to start the migration of their NFT listings from the old contract to the new one. The NFT marketplace mentions that the upgrade brings new features such as bulk listings and more descriptive signatures while ensuring that all inactive listings expire.However, hours after the announcement, the platform reported phishing attacks leading to some users losing their NFTs. After this, the OpenSea team launched an investigation to find out what happened. Devin Finzer, OpenSea’s co-founder, urged users who are affected to contact their support team.NFT platform Mintable made a pledge to return NFTs that were stolen in the recent OpenSea phishing exploit. The team noticed that some of the NFTs lost were listed on another marketplace called LooksRare. They decided to purchase the NFTs and return them to their original owners according to Mintable founder Zack Burks.On Friday, the contract migration ends, and the platform informed users that active listings within the website may be invisible and that floor prices may vary. However, the platform says that this is only temporary. To protect listings, OpenSea temporarily disabled bids and purchases until the migration completes.3) To protect your listings, no bids or purchases can be made on your migrated items until the migration completes. At this point, your listings will reappear in your Active Listings tab.— OpenSea (@opensea) February 25, 2022Related: Nifty News: Collector spends $488K minting Tubby Cats, NFT vending machineMeanwhile, the blockchain community has been vigilant with regard to NFTs. An alleged NFT scam believed to target $20 million worth of digital assets was stopped by Youtuber Coffeezilla and community members. An anonymous user published a detailed report bringing to light the existing claims against the team members running the alleged NFT scam.

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IoTeX co-founder urges crypto investors to hodl amid market conditions

IoTeX co-founder urges crypto investors to hodl amid market conditions

Uverejnil používateľ | feb 24, 2022 |

As the market dips over escalating tensions in Eastern Europe, Dr. Raullen Chai, the co-founder and CEO of blockchain network IoTeX, is urging crypto investors to hold on to their crypto.The Russian army recently started its advance on Ukraine, firing missiles on the second-largest European country. Following this, crypto markets took a nosedive, with all the top coins dropping between 8% and 18%, according to Cointelegraph Markets Pro. However, despite the current market conditions, Chai tells holders to think twice before selling their digital assets.Chai told Cointelegraph that, while it’s not impossible for Bitcoin (BTC) to fall below $10,000 and Ethereum (ETH) to fall below $800, the market could “easily reach new all-time highs by the end of the year.” He explained:“I would certainly not encourage investors to sell their crypto now in the hopes of buying back at a cheaper price, as the reality is no one knows when we will reach the bottom and when the market will rally again.”While Chai’s general sentiments are bullish, he identified factors that could drive the crypto market prices further down. The IoTeX co-founder says that the Russian invasion, combined with rising interest rates and the prospect of new COVID-19 variants, could all affect the market negatively in the short term:“Additionally, tensions between Russia and Ukraine — in addition to other geopolitical and trade tensions — should be monitored, as they can unnerve institutional and retail investors and lead to huge price changes due to reduced risk appetite.”Related: Bitcoin dips 12% as Russian ruble hits all-time low against USD on Ukraine ‘military operation’Meanwhile, a recent report from hedge fund Pantera Capital shows that Bitcoin is currently relatively inexpensive, noting that several factors may affect the next rally. According to Pantera, warning signs from the debt markets and negative real rates could provide Bitcoin with the rocket fuel it needs to resume its bullish uptrend. 

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Dogecoin founder speaks out against ‘meme coins’

Dogecoin founder speaks out against ‘meme coins’

Uverejnil používateľ | feb 24, 2022 |

Seemingly frustrated by the amount of ‘meme coin’ spammers flooding his Twitter threads, Billy Markus, the founder of the Dogecoin (DOGE), blasted the crypto shillers through a series of tweets.  Markus recounts how DOGE was originally created more than eight years ago as a true meme that pokes fun at “idiotic coins.” However, the creator points out that today’s meme coins are not memes anymore. “They’re made by people trying to get rich off of other people trying to get rich,” wrote Markus.satire has some mildly clever elements to it. jokes are funny. spam advertising, lying about who is involved in a project, making up ridiculous promises, desperately trying to get Elon’s attention to promote you, etc. are not clever or amusing. pic.twitter.com/cQ2YA6DyWJ— Shibetoshi Nakamoto (@BillyM2k) February 23, 2022Markus continued his tirade by bringing up Binance Smart Chain tokens. According to him, these cryptos have “made the internet worse in every way.” He also underscored that he doesn’t care if people want to gamble, but pleaded to keep the spam ads out of his threads. Lastly, he noted that these token ads “make the internet less fun.”Many of his more than one million Twitter followers saw the tweets and echoed Markus’ frustrations. Twitter user Tuanskiii1 describes the spam ads as “sickening.”This right here. Tired of seeing people promote it to others as if they’re missing out on a chance to become rich. It’s sickening— 2-1AgainstTheWorld (@Tuanskiii1) February 23, 2022

While the DOGE creator made his points very clear, it didn’t stop meme coin spammers from flooding the thread with more meme coin advertisements.Related: Fading power? Weak DOGE spike after Elon Musk makes McDonald’s offerDogecoin started to rank within the top 10 cryptos by market capitalization back in January 2021. At the time of writing, DOGE is trading at $0.11 per token, retaining its spot as the top nine cryptos by market capitalization despite being down 17% on the day, according to Cointelegraph Markets Pro.In a recent discussion of meme coins, one of Cointelegraph’s experts picked DOGE as a token that may give a good return of investment in 2022, citing notable backers Elon Musk and Mark Cuban.

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Games will adopt blockchain in 2022 through esports and P2E models: Report

Games will adopt blockchain in 2022 through esports and P2E models: Report

Uverejnil používateľ | feb 24, 2022 |

In the past, earning money through games was only possible by uploading gaming videos online, streaming game content and playing competitively through esports. But in 2021, many realized that through blockchain, gamers can earn money simply by playing.This trend may continue in 2022 as play-to-earn (P2E) business models become more developed and blockchain adoption in esports becomes more mainstream. In a report published by gaming insight company Newzoo, the firm predicts that P2E models will become more viable in 2022 as gaming companies try to adopt blockchain.“Publishers might use blockchain technology to facilitate more secure and legitimized player-to-player trading within a centralized game environment.”Additionally, the need to diversify earning streams may lead esports organizations to turn to blockchain-based earning mechanisms by utilizing nonfungible tokens. Because of this, new esports business models involving blockchain are starting to emerge and will have more developments in 2022 according to Newzoo.Apart from these, the report shows that metaverse-related games may also become more prevalent as younger players continue to frequent existing “proto-metaverse” games like Roblox, Fortnite and Minecraft.Games are playing a key role in shaping the #metaverse. But who are the #metaverse players? We zoomed in on people who play proto-metaverse games like #Roblox, #Fortnite, and #Minecraft to find out. ️‍♂️ Explore the insights here: https://t.co/590e2Q0dqS pic.twitter.com/u5FltKyHQV— Newzoo (@NewzooHQ) February 23, 2022Newzoo also predicts that “the brand gold rush for virtual real estate is only just beginning.” As companies continue to see the potential opportunities within metaverse games, more investments may flow to virtual real estate.Related: Warner Music Group announces partnership with blockchain gaming developer SplinterlandsAt the moment, Pokemon-inspired Axie Infinity continues to be at the top of the blockchain gaming ecosystem. However, Cointelegraph experts note that games like DeFi Kingdoms, Crabada or Yield Hunt have the potential to eventually replace Axie Infinity and take the top spot within the blockchain gaming industry.Meanwhile, apart from playing games, the blockchain gaming community has also taken steps to give back to those in need by donating to charitable causes. Back in 2021, the community raised $1.4 million to help victims of a typhoon.

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Motorcycle expert turns passion project into sports analytics platform on blockchain

Motorcycle expert turns passion project into sports analytics platform on blockchain

Uverejnil používateľ | feb 20, 2022 |

Skill sets gained from working on trading strategies, technology, data science and a personal passion for motorcycle racing made Scott Robinson launch a sports analytics platform. With a bit of blockchain added to the mix, the founder of Apex146 found new ways to proceed in the sports analytics business.Starting as a passion project, Robinson made an internship program offered to a professor at the University of California Santa Barbara. With the help of students, he developed a framework that looks at athlete performance in Grand Prix motorcycle racing.Using techniques he acquired working in capital markets and commodity trading at firms McKinsey & Company and Oliver Wyman, Robinson created sports performance analytics that can be applied to motorcycle racing.Scott Robinson, Founder and CEO of Apex146, casually riding his bike. Source: Apex146According to Robinson, they combined “proprietary statistical methods to accomplish similar outcomes as was done using the ‘Moneyball’ theory in baseball.” After some time, the team expanded and raised capital through a Series A in 2020 and improved its athlete performance indexing capabilities. Fast forward into the present, Robinson saw blockchain being applied to sports betting and realized the opportunities in penetrating the market through this emerging technology. “There were two blockchain-based sports betting platforms that we thought had a real chance of penetrating the market and more would follow over the next several years,” says Robinson.Because of this, the team launched a blockchain oracle through Chainlink that lets decentralized applications (DApps) access sports analytics data from Apex146. Through this, developers can create sports prediction markets using analytics data that are linked on-chain and incorporate statistics that would trigger dynamic interactions within DApps.Apart from this, boarded the nonfungible token train by offering sports collections for entertainment purposes.Apex146 head of technology Brian Leitner is accompanying Robinson on the track. Source: Apex146Related: Red Bull Racing scores $150M sponsorship with Bybit Meanwhile, venture capitals have also recognized the opportunities that lie within the crypto and blockchain industries. A recent KPMG fintech report shows that over $30 billion in investments has flowed into the industry in the past year, showing that blockchain has an important place within the global financial ecosystem.

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