Autor Cointelegraph By Jesse Coghlan

Nifty News: Solana NFTs on OpenSea in April, Ross Ulbricht's new collection… and more

Nifty News: Solana NFTs on OpenSea in April, Ross Ulbricht's new collection… and more

Uverejnil používateľ | mar 30, 2022 |

Solana (SOL) NFT holders will soon have a new option for where to trade, with OpenSea teasing its integration of the Solana blockchain.A 16-second video shared by the OpenSea Twitter account opened with the phrase “wen solana???” being typed into a search box and revealed that Solana will be supported by the marketplace in April.The best kept secret in web3 pic.twitter.com/xuZn64cZ4U— OpenSea (@opensea) March 29, 2022Rumors of OpenSea supporting Solana NFTs have circulated for months. Security researcher Jane Manchun Wong — who made Forbes 30 under 30 for her high profile tech leak scoops — shared images on Twitter in January she said were sourced from OpenSea’s platform.The images show the marketplace’s “blockchains filter” listing Solana as an option and the Phantom Solana crypto wallet appearsg in a list of supported wallets. OpenSea’s Chains Filter showing Solana as an option pic.twitter.com/asQoYrfTm4— Jane Manchun Wong (@wongmjane) January 25, 2022

OpenSea coyly replied to Wong’s tweet with a “wide eyes” emoji at the time, but didn’t outright confirm or deny the authenticity of the claim.Many popular Solana NFT projects have announced their intention to list with OpenSea in April, including SolPunks, Turtles, Remnants and the Degenerate Ape Academy.The Solana integration will pitch OpenSea in direct competition with Magic Eden, Solanart, and Solsea, the current leading NFT marketplaces on the Solana blockchain.Mistake or hack? Bored Ape NFT sells for $140An OpenSea user by the handle “cchan” has sold a Bored Ape NFT and a Mutant Ape NFT for a combined value of $140.A user made offers on the NFTs which were accepted by cchan and the sales were made to the within a minute of each other on Monday, Mar. 28, with BAYC #835 sold for 115 DAI, and MAYC #11670 sold for 25 DAI which is 99% under the current floor price.DAI is a US dollar stablecoin with a diamond logo and it’s unknown if cchan mistook the offers to be in Ethereum (ETH) which would’ve been the equivalent of $470,000, or if the sales weres the result of a hack.Activity by the user who purchased the NFTs shows a history of offers being made in DAI on Bored and Mutant Ape NFTs, which some have suggested could be in the hopes that this exact set of circumstances would occur.Silk Road Founder to launch new NFTs at Bitcoin MiamiRoss Ulbricht, the imprisoned founder of the defunct darknet marketplace “Silk Road” is set to release another collection of NFTs at the Bitcoin 2022 conference in Miami in April, with funds raised going toward helping children travel to visit their parents in prison.In December 2021, Ulbricht auctioned a collection at the Art Basel Miami which netted him $6.2 million. The collection was purchased by FreeRossDAO, a decentralized autonomous organization that aims to “share Ross’s work with the world and give everyone a unique opportunity to own a piece of it.”“All of this has brought a new spark to my life,” Ross wrote in a post, reflecting on the sale of his last collection.“I have direction and purpose and I feel like I can make a difference again. The more money we raise, the more good we can do, so I have been busy creating my next art collection.”Dubbed the “Growth Collection”, it will be minted on the Bitcoin blockchain via Counterparty, and the piece will reportedly feature four physical oil paintings and one hand-drawn animation, accompanied by five Bitcoin NFTs to be auctioned on the Scarce.City network.Related: NFTs are changing the way photographers create and market contentUlbricht is serving two life sentences without the possibility of parole for his part in creating the illicit online marketplace, which famously used Bitcoin as the means of transaction.WWE and the MetaverseThe WWE has partnered with Fanatics, a sports marketing business which, amongst other offerings, enables brands to offer digital collectibles and NFTs to their audience.The partnership will see Fanatics create “physical, digital, and non-fungible token (NFT) trading cards” for the WWE, with Fanatics to become the exclusive provider of licensed WWE physical and NFT trading cards, building a range featuring WWE’s “biggest moments and stars.”Other Nifty NewsMark Karpelès, the former CEO of the defunct Mt. Gox exchange announced that users who used the exchange between 2010 and 2014 around the time it was hacked, are eligible to register for a free NFT in the hopes it will “erase a bit of the loss incurred in Mt. Gox.”The Decentraland metaverse hosted the Metaverse Fashion Week between March 24-27, 2022, the event attracted over 70 big name fashion labels and artists such as Tommy Hilfiger, Dolce and Gabbana, and Estée Lauder.

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Greenpeace, Ripple co-founder campaigning to change Bitcoin code

Greenpeace, Ripple co-founder campaigning to change Bitcoin code

Uverejnil používateľ | mar 29, 2022 |

Greenpeace, along with other climate groups, and co-founder and executive chairman of Ripple, Chris Larsen, has launched a new campaign aimed at changing Bitcoin (BTC) to a more environmentally friendly consensus model.The “Change the code, not the climate” campaign aims to pressure key industry leaders, Bitcoin miners, and influencers like Elon Musk, and Jack Dorsey, into moving over to a new consensus model saying:“If only 30 people — the key miners, exchanges, and core developers who build and contribute to Bitcoin’s code — agreed to reinvent proof-of-work mining or move to a low-energy protocol, Bitcoin would stop polluting the planet.”Greenpeace cites concerns that the energy required to mine Bitcoin comes mostly from fossil fuels, and that miners are using coal waste and associated natural gas as ways to fuel their operations.Greenpeace accepted Bitcoin donations for seven years between 2014 and May 2021 before announcing it was halting acceptance of Bitcoin donations, citing environmental concerns. Around the same time, Tesla CEO Elon Musk stopped accepting Bitcoin payments for Tesla vehicles also.Ethereum (ETH), which currently relies on the same proof-of-work mechanism as Bitcoin, is in the final stages of a lengthy and complicated process to a new proof-of-stake mechanism. Greenpeace says proof-of-stake is much less environmentally harmful due to its lower energy consumption.“Now with Ethereum changing, Bitcoin really is the outlier,” Larsen said to Bloomberg in an interview published on March 29. “Some of the newer protocols, Solana and Cardano are built on low energy,” he added.Larsen stated he owns Bitcoin and Ethereum and wanted to see both cryptocurrencies succeed, but that Bitcoin is heading down an unsustainable path. He added that if he had concerns about Bitcoin as competition for Ripple, he would let it continue.Related: In defense of crypto: Why digital currencies deserve a better reputationSome of the largest Bitcoin mining companies hold in excess of 5,000 BTC, upward of $237 million at current prices, and data shows that those with the most Bitcoin reserves are increasing their hash rate.Greenpeace does note this in its manifesto, saying they understand Bitcoin stakeholders have an incentive not to change, as changing Bitcoin would make their expensive equipment much less valuable, meaning sunk costs or “other creative solutions” would have to be implemented.Chris Bendiksen, a Bitcoin researcher at CoinShares was quoted in the report saying:“I’d put the chance of Bitcoin ever moving to PoS at exactly 0%. There is no appetite among Bitcoiners to destroy the security of the protocol by making such a move.”Greenpeace did not immediately respond to a request for comment.

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Institutional crypto funds see largest capital inflows for 3 months

Institutional crypto funds see largest capital inflows for 3 months

Uverejnil používateľ | mar 29, 2022 |

CoinShares data revealed on Tuesday that institutional investments into cryptocurrencies are at the highest levels in three months, a sharp rise from the previous week which saw outflows of $47 million.The Digital Asset Fund Flows Weekly Report revealed that investment products for digital assets saw total inflows of $193 million last week, a level not seen since early December 2021.The last time investment levels were near the current figure was in the week ending on Dec. 3, which saw $184 million worth of inflows.The fund flows had a big focus on Bitcoin (BTC), with just over 50% of the capital going into products based on BTC, which saw inflows totaling $98 million. Solana (SOL) was runner-up, seeing $87 million inflows for the week, a figure that CoinShares says is the “largest single week of inflows on record.” SOL-based funds now represent 36% of assets under management with institutional firms, the largest altcoin after Ether (ETH). ETH-based funds saw inflows last week totaling just $10.2 million.Europe was the significant contributor, with firms seemingly bolstered by the news that the bill banning proof-of-work (PoW) mining did not pass. 76% of inflows, or about $147 million, came from the region last weekThe figures from the report are in sharp contrast to the data the week prior, which saw $49.4 million withdrawn from BTC and ETH from mostly North American firms with concerns regarding increasing crypto regulations.Related: IOSCO says DeFi is quickly evolving and ‘cloning financial markets’The inflows of cash by institutional firms correlate with the price of Bitcoin seeing a recent surge above $48,500 at one point. The same was true with Ether which broke out over $3,300.Last week, executives from crypto firms Nexo and Amber Group discussed the ”exponential” growth of institutional investment into cryptocurrencies at the Blockchain Africa Conference 2022, saying that while there‘s an increase in institutional onboarding, there might still be barriers to entry. Kalin Metodiev, co-founder and managing partner at Nexo, said most firms may claim that the crypto market is “still too volatile.”

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Grayscale gears up for legal battle with SEC over Bitcoin ETF

Grayscale gears up for legal battle with SEC over Bitcoin ETF

Uverejnil používateľ | mar 29, 2022 |

Grayscale CEO Michael Sonnenshein said the firm is gearing up for a legal fight if Grayscale’s Bitcoin Spot ETF product is denied by the United States Securities and Exchange Commission (SEC).In an interview with Bloomberg on Tuesday, March 29, Sonnenshein was asked if he would consider the Administrative Procedure Act (APA) lawsuit option if the application for its Bitcoin Spot ETF was denied by the financial regulator.“I think all options are on the table,” he responded, highlighting the importance of continuing to advocate for investors. The next decision date for the approval or denial of the investment product is July 6, 2022, it was previously delayed in February, and was originally filed in October 2021.“The Grayscale team has been putting the full resources of our firm behind converting GBTC, our flagship fund, into an ETF. It’s really important that investors know that we have and will continue to advocate for them.”Grayscale announced in October 2021 that it was planning to convert its Bitcoin Trust, GBTC to a Bitcoin (BTC)-settled ETF. The SEC delayed a decision to approve the product in December 2021, citing that a longer period was needed to consider the proposed changes, their action was repeated in February.Related: ProShares ETF’s Bitcoin stash hits $1.27B as BTC eyes $50K by mid-AprilThe SEC opened the changes proposed by Grayscale to public feedback. The feedback received by the regulator showed that 95% of respondents were in support of the conversion, according to an analysis taken in February. Grayscale dedicated a portion of its website to encouraging investors to submit comments to the SEC.“GBTC today is owned by investors in all 50 states, and there are actually now over 800,000 accounts in the U.S. all waiting patiently to have it converted into an ETF,” Sonnenshein said.“It was really a very exciting announcement that we now have Bitcoin futures ETFs out in the market, but unfortunately, that’s forced investors into those Bitcoin futures products, because those are the only ones that exist.”Sonnenshein added that Grayscale was encouraged by the SEC’s support for crypto exchanges in registering with the regulator, as well as President Biden’s recent executive order on crypto.“Ultimately, we believe it’s a matter of when, not a matter of if a spot Bitcoin ETF is approved.”

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Nifty News: David Beckham’s DigitalBits, CoinSpot’s NFT marketplace, and more

Nifty News: David Beckham’s DigitalBits, CoinSpot’s NFT marketplace, and more

Uverejnil používateľ | mar 25, 2022 |

Iconic former English Premier League footballer, David Beckham, has become a global brand ambassador for the DigitalBits blockchain, launching his own range of NFTs in the process.Beckham will release a series of NFTs and “other Blockchain-based digital assets” according to the brand ambassador announcement, with minting taking place on the DigitalBits blockchain.Excited to announce #DavidBeckham has become a Global Ambassador for #DigitalBits!Get ready to explore the world of #Blockchain, #NFTs and #Metaverse with Beckham.More details https://t.co/yafO7W2OuLThread pic.twitter.com/n54BMeDsnE— DigitalBits (XDB) (@DigitalBitsOrg) March 24, 2022Beckham said the NFT collections were an “opportunity to create new experiences for my fans online.” According to DigitalBits, Beckham has a following of over 138 million, with an annual impression rate that surpasses nine billion across Instagram, Facebook, and China based social media platforms, Weibo and Douyin.Crypto companies, in particular crypto exchanges, are ramping up partnerships with sporting teams and icons in a marketing effort to target mainstream consumers.CoinSpot launches NFT marketplaceAustralian based crypto exchange CoinSpot announced the launch of its new in-app NFT marketplace, allowing users to purchase digital art using a selection of cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), and others.CoinSpot said initially it will list only a selection of NFTs, including those from the Bored Ape Yacht Club, with more collections to be added over the next few months.Gary Howells, Chief Product Officer at CoinSpot said its marketplace was created to simplify the process of buying an NFT, and make the transaction more affordable with lower fees in comparison to using other marketplaces.Snoop and Wiz drop music for ApeCoin holdersAmerican rap artists Snoop Dogg and Wiz Khalifa have released a special project consisting of eight tracks sold as NFTs featuring a theme tune for the Bored Ape Yacht Club. Smoke a Bored 8th . Droppn a special project $APE COIN only @wizkhalifa @BoredApeYC ▶️ https://t.co/8JXyIRN3Pm pic.twitter.com/yh8DFrEdj1— Snoop Dogg (@SnoopDogg) March 24, 2022

The collection, titled “Ape Drops 03 : An 8th” can be minted through Manifold, with each track available for purchase exclusively using ApeCoin (APE) with prices ranging from 12 to 15 APE, ($155 to $195).Snoop Dogg and Wiz Khalifa both own Bored Ape NFTs, setting them as their profile pictures on Twitter. Snoop has been active in the crypto space and recently released 10,000 playable avatars and a “SnoopVerse” in partnership with the SandBox metaverse.Liverpool FC partner with Sotheby’sEnglish Premier League football team Liverpool FC, announced its debut NFT collection in partnership with New York based auction house Sotheby’s.They have arrived.Welcome to the world of LFC Heroes Club pic.twitter.com/T6H3uI9bQL— LFC Heroes Club ⚽ (@LFCHeroesClub) March 24, 2022

The collection features two series, each with 24 artwork NFTs, each one featuring a player on the team. The “Legendary” collection will be open for auction and sold to the highest bidder, and the “Hero” collection sold at a more accessible price of $75.Other Nifty News:The US Department of Justice has arrested founders Ethan Nguyen and Andre Llacuna on wire fraud and money laundering charges for allegedly carrying out an NFT rug pull with the Frosties NFT project. If found guilty on both charges, the pair face up to 40 years in prison.One of Vanuatu’s island is being built as the new capital for crypto, dubbed “Satoshi Island”, the project is selling plots of land and “citizenship” to the island as NFTs and say the entire economy will run on cryptocurrencies and blockchain technology.

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