Autor Cointelegraph By Ezra Reguerra

Binance pilots NFT ticketing: Nifty Newsletter, July 27–Aug 2

Binance pilots NFT ticketing: Nifty Newsletter, July 27–Aug 2

Uverejnil používateľ | aug 3, 2022 |

In this week’s newsletter, read about how Binance started its nonfungible token (NFT) ticketing service by partnering with a sports club. Check out the NFT exchange-traded fund (ETF) that was released by trading platform KuCoin and how Google AI was able to paint BAYC-inspired NFTs.In other news, learn about how much the NFT community spent in minting NFTs in the first half of 2022 and check out the upcoming NFT album by British rock band Muse. And, don’t forget about this week’s Nifty News roundup featuring Dr DisRespect’s NFT game and FC Barcelona’s NFT release.Binance jumps into NFT ticketing after UEFA League fiascoCrypto exchange Binance partnered with Società Sportiva Lazio to launch its NFT ticketing solution. With this, all of the sports club’s home matches will have NFT tickets. The partnership is valid for the 2022 to 2023 season. According to Binance, NFT tickets will solve issues like fake tickets and scalping highlighted by the recent fiasco at the UEFA league. In addition to event access, the NFT tickets will also have added value, such as store and match discounts and token giveaways. Continue reading… KuCoin crypto exchange debuts USDT-dominated NFT ETFSeychelles-based crypto platform KuCoin has created an ETF tied to NFTs such as the Bored Ape Yacht Club (BAYC) collection. The exchange’s NFT ETF trading zone was launched on July 29, allowing traders to trade ERC-20 tokens representing NFT assets. BAYC is one of the five NFT ETFs launched by the exchange. BAYC’s ETF trades under the symbol hiBAYC, which represents BAYC assets. Apart from BAYC, an ETF for CryptoPunks will also be available under the ticker hiPUNKS. Continue reading… Google AI turns all 10,000 BAYC NFTs into machine-made artA project called Artsy Monke used artificial intelligence (AI) to transform 10,000 Bored Ape Yacht Club NFTs into various forms of abstract art resembling the BAYC collection. To create the pieces, the AI was given the BAYC NFTs as references to create the art. Crypto Grims, the AI artist, said that after giving the references, their team taught the AI how to paint in various art styles. They ran servers for weeks to get their desired results. After creating the collection, the team put it for sale on the NFT marketplace OpenSea and it sold out shortly after listing. Continue reading…Crypto users spent $2.7B minting NFTs in the first half of 2022: ReportNew research by data firm Nansen showed that the NFT community spent almost 1 million Ether (ETH), around $2.7 billion, to mint NFTs on the Ethereum network in the first half of 2022. Most of the minting was made in the NFT marketplace OpenSea. According to Nansen, around 1 million unique wallet addresses on Ethereum were involved in minting. The report also compared the number to other popular chains like the BNB Chain, where $107 million worth of NFTs were minted and Avalanche which had $77 million. Continue reading…Upcoming Muse NFT album becomes first new format added to charts in yearsBritish rock band Muse will release an NFT album called Will of the People on Serenade, a Web3 marketplace. The album will be the first new format eligible for charts since 2015. Serenade CEO Max Shand told Cointelegraph that this concept will innovate the music industry, inserting NFTs into existing workflows and creative processes. The digital pressing format presented by Serenade implements a new way to manage royalties. According to the firm, it will add Web3’s characteristics to music assets, enabling the accurate accumulation of royalties and verifiable ownership. Continue reading… Nifty News: Dr DisRespect unveils NFT game to mixed reaction, FC Barcelona’s first NFT sells for $700K and moreGaming streamer Dr DisRespect gave a preview of his NFT game called Deadrop on Saturday. Fans have mixed reactions over the NFT game with some criticizing the game and others defending it, as it’s still in the early development stage. Meanwhile, an NFT artwork released by soccer team FC Barcelona sold for $693,000 on July 29. The NFT is an audio-visual piece showing Cruyff’s goal against Atletico Madrid in 1973. Continue reading… Thanks for reading this digest of the week’s most notable developments in the NFT space. Come again next Wednesday for more reports and insights into this actively evolving space.

Čítaj viac
Is it a good time to buy nonfungible tokens? Expert answers

Is it a good time to buy nonfungible tokens? Expert answers

Uverejnil používateľ | aug 3, 2022 |

As the floor prices of popular nonfungible token (NFT) collections took a nosedive along with the broader crypto market, an NFT expert believes that this is a good opportunity for investors within the space. In a Cointelegraph interview, Ahren Posthumus, the CEO of NFT marketplace Momint, shared his thoughts on compelling NFT use cases, its role in contributing to climate action and what NFT investors should focus on during the current bear market. Posthumus believes that fractionalization of bigger assets may be the next big thing for NFTs. Citing the stock market as an example, the executive believes that breaking apart expensive assets into smaller and more affordable parts will make assets more interesting to retail investors. “This is what the stock market did for investing in companies, and it was wildly successful,” he said. The executive explained that: “Perhaps the blockchain application with the greatest potential for future utility is fractionalized ownership of assets, sometimes called tokenization, which the general public has never had access to before.” Apart from this, the NFT expert also highlighted that NFTs could contribute to climate action and positively affect efforts to address environmental concerns. While NFTs are often associated with artworks, the Momint CEO underscored that they are digital certificates of authenticity. This makes it an optimal medium for carbon credits. Additionally, Posthumus explained that: “You can launch NFT projects that are specifically designed to raise funds for environmental initiatives. This way, you can leverage the hype of NFTs to generate funds and awareness for environmental causes.” When asked if it’s a good idea to buy NFTs during an ongoing crypto winter, the executive answered “yes” but urged investors to check the underlying value and the fundamentals of the assets before investing. Lastly, as the world experiences a recession, the executive said that it would be a safer bet to invest in blockchain infrastructures like Ethereum. “Some blockchain applications will emerge triumphant, but many will fade into obscurity,” Posthumus said. Related: Nifty News: Dr DisRespect unveils NFT game to mixed reaction, FC Barcelona’s first NFT sells for $700K and more…In the first half of 2022, NFT investors have spent 963,227 Ether (ETH), worth around $2.7 billion, in minting NFTs in the Ethereum blockchain alone, according to a report from data firm Nansen. Other blockchains like the BNB Chain (BNB) had $107 million worth of NFT mints while Avalanche (AVAX) had $77 million.

Čítaj viac
Inflation punishes the prudent while Bitcoin gives future hope — Jordan Peterson

Inflation punishes the prudent while Bitcoin gives future hope — Jordan Peterson

Uverejnil používateľ | aug 3, 2022 |

The ability to save up is an essential tool for self-regulation and planning for the future, but when inflation becomes uncontrollable, those who put in their efforts to delay gratification get punished for their choice. On the other hand, Bitcoin (BTC) does the opposite, according to clinical psychologist Jordan Peterson. In the show called What is Money?, Peterson joined the Bitcoin entrepreneur Robert Breedlove to talk about money and discuss the effects of fiat inflation on people who forego instant gratification and how Bitcoin gives hope for the future. According to Peterson, hyperinflation hurts those who are patiently putting in the work and are saving up for the future. He described these people as the “pillars of our society,” and Peterson argued that these people are vital to the security and survival of civilization. He explained that: “You want to encourage people to have some faith in the future and make decisions that make the delay of gratification morally laudable and intelligent. Inflation hurts those people.”Peterson highlighted that with inflation distorting the market, one of the things that made him interested in Bitcoin is that there are no such distortions or interference. Cryptocurrency enables a free market, according to the psychologist.He further mentions that BTC may be a device that will enable society to adapt to what he describes as the horizon of the future. “It’s the only bloody device we have. Unless you think central planners are going to manage it. Good luck with that. That’s just not going to happen,” he said. Related: Bitcoin 2022: Thiel calls Buffett ‘sociopathic,’ Mexican billionaire has 60% in BTCPeterson dived into Bitcoin in 2019 when he started accepting BTC donations after leaving the subscription platform Patreon because of issues on free speech. The 12 Rules of Life author has also been trying to understand Bitcoin since 2021, inviting BTC proponents to his podcast and exploring more about cryptocurrency.

Čítaj viac
Wirex partners with 1inch to enable wallet-based token swaps

Wirex partners with 1inch to enable wallet-based token swaps

Uverejnil používateľ | aug 2, 2022 |

Non-custodial wallet platform Wirex has partnered with 1inch Network to use its aggregation API to power token swaps. Through the partnership, users of the Wirex wallet will be able to exchange tokens within the wallet. In an announcement, 1inch Network co-founder Sergej Kunz said that the partnership will allow Wirex community members to swap their tokens on multiple blockchains. Using a search algorithm that finds swapping routes, 1inch will let Wirex users find optimal trading rates for their swaps. Kunz also noted that the partnership is a move that lets the 1inch platform pursue adoption for its solutions. According to Pavel Matveev, the co-founder of Wirex, the 1inch integration is a way for their project to give their users access to decentralized finance (DeFi). Matveev believes that with the functionality available in their wallet, users will be able to save time and money when swapping their assets. According to the Wirex team, the partnership with 1inch is in line with their attempt to expand into new blockchains such as Avalanche (AVAX), Polygon (MATIC), BNB Chain (BNB) and Fantom (FTM).Related: Nifty News: Yuga Labs buys CryptoPunks, 1inch Wallet supports NFTs and moreMeanwhile, in other parts of the DeFi world, a token bridge called Nomad has gone through a security exploit, with almost $200 million in losses reported. Some of the exploiters claimed to plan to return the funds to the Nomad team and communicated through Twitter. The Nomad team told Cointelegraph that they have already notified the authorities and are constantly working to resolve the situation. On the topic of decentralization, an argument on whether Solana (SOL) is decentralized or not occurred in July. DeFi firm Unstoppable Finance argued that Solana is “more decentralized than people think,” noting its validator count and Nakamoto coefficient. However, some members of the community are not convinced, believing that Solana is the same as traditional systems.

Čítaj viac
Waves community back DeFi revival plan for Vires.Finance

Waves community back DeFi revival plan for Vires.Finance

Uverejnil používateľ | aug 2, 2022 |

The Waves (WAVES) community has supported a governance proposal to revive the decentralized finance (DeFi) lending protocol Vires.Finance after its liquidity crisis. The vote aims to stabilize the project and compensate the users who were affected. In April, Neutrino (USDN), a stablecoin running on the Waves platform, depegged from the dollar. This led to a series of user withdrawals within the platform, eventually ending in a liquidity shortage where users became unable to withdraw their funds from the platform. During the event, Waves founder Sasha Ivanov stepped in, accumulating $500 million in debt into his wallet with the intent to gradually pay it out. To fix the situation, the Vires team submitted a proposal that gives two options to users with a balance of above $250,000 on the platform. The first option is to exchange their positions for USDN, with a 1 year vesting period and a 5% liquidation bonus. The second option is to remain in USD Coin (USDC) and Tether (USDT) with 0% APY, which will be repaid by Ivanov, without any guarantees on the time frame for the payments. With the proposal in effect, the Vires team expects to have better liquidity, allowing users to withdraw their funds from the platform. In the announcement sent to Cointelegraph, Ivanov thanked the Waves community for supporting the proposal, highlighting that the community always has the last word on their platform. Related: These are the least ‘stable’ stablecoins not named TerraUSDFollowing the fall of Terra’s stablecoin Terra Classic USD (USTC), some stablecoins showed signs of falling off from their dollar pegs, bringing fear to the crypto market. One of these is DEI, which is Deus Finance’s stablecoin. In May, DEI fell from its dollar peg to $0.60. At the time of writing, the stablecoin trades at $0.17.Apart from DEI, stablecoin protocol USDD’s price also showed signs of weakness in June, depegging to $0.97. However, the Tron DAO Reserved mobilized 700 million USDC to defend its peg. Right now, the stablecoin is maintaining its peg hovering from $0.99 to $1.

Čítaj viac

Získaj BONUS 8 € v Bitcoinoch

nakup bitcoin z karty

Registrácia Binance

Burza Binance

Aktuálne kurzy