Autor Cointelegraph By Zhiyuan Sun

Ticketmaster selects Flow blockchain for minting NFT event tickets

Ticketmaster selects Flow blockchain for minting NFT event tickets

Uverejnil používateľ | aug 31, 2022 |

According to Flow, a digital engagement layer-1 blockchain created by Dapper Labs, Live Nation’s subsidiary Ticketmaster has unveiled nonfungible tokens (NFTs) tickets for event organizers minted on its blockchain. The primary purpose of the NFT tickets will be for commemorative value. But aside from being used as mementos, they can also be used as proof of attendance at notable concerts. However, such virtual commemorative tickets are not valid for entry. One still needs to show a purchased ticket with a bar code from Ticketmaster or Live Nation for entry. As told by Live Nation, it selected the Flow blockchain based on its eco-friendly nature, claiming that creating an NFT on Flow uses less energy than doing a Google search or making an Instagram post. It is possible to send the NFT ticket to others through email or QR code via accounts on the Ticketmaster/Live Nation site, which also has support for wallet addresses. Ticketmaster began a pilot test program for NFTs issued as memorabilia for specific events over the past six months through a quiet rollout.To date, more than 5 million NFTs have been minted on the Flow blockchain through Ticketmaster. On August 4, Mark Zuckerberg, CEO of Meta, announced that Instagram had expanded its NFT support to over 100 countries. All NFT collectibles posted on Instagram are minted on the Flow blockchain. This week, Meta unveiled new NFTs integration for Facebook as well via users’ digital wallets. Filecoin, a decentralized file storage ecosystem, became Flow’s official storage collaborator last October. 

Čítaj viac
Twitter brings back suspended NFTs accounts as Solana threatens to pause ad spend

Twitter brings back suspended NFTs accounts as Solana threatens to pause ad spend

Uverejnil používateľ | aug 31, 2022 |

Early Wednesday, Twitter suspended access to nine accounts associated with promoting nonfungible tokens, or NFTs, on the Solana (SOL) ecosystem. The move comes just ahead of the highly anticipated launch of the y00ts NFT collection, a follow-up to DeGods, the most popular NFT collection on Solana, this Friday. Shortly after the suspension, Austin Federa, head of communications at the Solana Foundation, stated:”Hey Twitter, bring back @y00tlist; I’ve paused all Foundation adspend until they’re back. Twitter’s gotta reinstate em, or show solid cause for suspension.”The said accounts have been reinstated and are accessible as of 12:00 pm EST. No official explanation was given as to why the accounts were suspended in the first place, or why they were reinstated shortly afterward. One user, DeGods founder @frankdegods, started a campaign for the restoration of the previously suspended accounts, whic garnered over 20,700 likes for a single post. Federa also commented: “You gotta draw a line in the sand somewhere — a lot of big Web 2.0 companies want to have it both ways — attract Web 3.0 creators, but still maintain control that’s unaccountable to the community.”DeGods consist of 10,000 “virtual god” collectibles with creative outfits. Currently, the floor price of the collection is 519 SOL. The project is known for its infamous “bitch tax,” which is a 33.3% tariff charged to all NFT collectibles sold below the advertised floor price. The collection recently surpassed 1 million SOL in trading volume. Its founders claim that there is a DeGod collectible owner in every single country except North Korea.Hey @Twitter, bring back @y00tlist – I’ve paused all Foundation adspend until they’re back— Austin federa (@Austin_Federa) August 31, 2022

Čítaj viac
New free-to-own GameFi model is ‘high risk,’ according to CZ

New free-to-own GameFi model is ‘high risk,’ according to CZ

Uverejnil používateľ | aug 30, 2022 |

Changpeng “CZ” Zhao, CEO of Binance, criticized the creation of a novel “free-to-own” business model in the GameFi space on Tuesday, writing:“If everything will be free in the world, why do we have to work so hard…”The Binance CEO then explained that nothing is absolutely free, pointing to how the exchange can offer zero trading fees for Bitcoin (BTC) and Ether (ETH) pairs because of the adequate revenue generated from other trading pairs. He added that new projects that allow players to sign up for free can be high risk for early adopters.The firm facing the brunt of CZ’s criticism is gaming startup Limit Break, which raised $200 million in venture capital funding on Aug. 29. The project gained popularity with the launch of a free-mint NFT collection called DigiDaigaku.At inception, the community is able to begin for free, possessing ownership of NFTs that, in turn, act as factories that generate new NFTs for gameplay and cosmetics. The idea is that since the NFTs are given for free, players aren’t pressured to recoup the cost of their investment as quickly as possible, and can therefore stay and play the game for much longer.Ryan Foo, a game economist at Delphi Digital, said that Limit Break only takes a 10% transaction fee on NFTs. In the weeks since the NFTs’ release, approximately 3,900 ETH worth of collectibles has been traded, resulting in a book revenue of over $600,000.In recent months, blockchain games have faced severe criticism from gaming industry veterans for their focus on “making money” instead of enjoyment. For example, Mojang Studios, creator of Minecraft, said that it would ban NFT integrations, citing the “speculative pricing” and “investment mentality” that take away from the game experience.FREE-TO-OWNThe new web3 model that will change game monetization forever.Breaking down @limitbreak ‘s and @DigiDaigaku 200M raise: pic.twitter.com/0tBSRpv7se— Ryan {} (@0xRyze) August 29, 2022

Čítaj viac
Crypto.com accidentally transfered $10.5M to client instead of $100 refund

Crypto.com accidentally transfered $10.5M to client instead of $100 refund

Uverejnil používateľ | aug 30, 2022 |

According to local news outlet 7News, two Melbourne women, Manivel Thevamanogari and her sister Gangadory Thevamanogari, received an AUD$10.5 million deposit from Singaporean crypto exchange Crypto.com after the latter made an error in issuing an AUD$100 refund. Instead of the refund amount, an employee allegedly typed an account number in the payment section, resulting in an erroneous transfer to their bank account. The incident occurred back in May 2021, but was not discovered until an annual audit in December 2021. After filing a lawsuit, the Victoria Supreme Court recently ruled that the funds must be returned to the company. However, it turns out that Manivel has already spent AUD$1.35 million worth of the funds on a five-bedroom luxury home in Craigieburn. She was ordered to sell the property and return the remaining funds or face potential contempt of court charges. The case will return to court in October.Regarding the case, Justin Lawrence from Henderson and Ball Lawyers said:”There’s no doubt that if you saw that in your account, you would know it shouldn’t be there, and the onus is actually on you to call the sender and say, look, that shouldn’t have come into my account.”Unlike crypto transactions, which are final and irreversible, it is possible for centralized financial institutions to reverse erroneous transactions. However, given the time it took to discover the error and that the funds from Crypto.com were transferred out of the original account post-receipt, a simple transaction reversal would have been impossible in this instance. 

Čítaj viac
Central African Republic court says new $60,000 citizenship by crypto investment program is unconstitutional

Central African Republic court says new $60,000 citizenship by crypto investment program is unconstitutional

Uverejnil používateľ | aug 29, 2022 |

According to Reuters, on Monday, the Central African Republic’s (CAR) Constitutional Court said that the purchase of citizenship, e-residency and land using its government-backed Sango digital currency is unconstitutional due to the absence of market value in nationalities. Earlier in July, the CAR’s government unveiled its Sango crypto hub to attract global crypto talent/enthusiasts, boost Bitcoin adoption and implement new crypto regulatory frameworks. The Sango blockchain is built on top of the Bitcoin blockchain, similar to a layer-2 solution. Part of the program includes a citizenship by investment program, where foreign nationals can effectively purchase citizenship in the CAR for $60,000 in crypto with an equivalent amount of Sango tokens held as collateral and returned after five years. Similarly, e-residency can be purchased for $6,000 with Sango tokens locked for three years. It is also possible to buy a 250-square meter plot of land in the CAR for $10,000 with Sango tokens returned a decade later.The CAR government says that each Sango token will be fractionally backed by Bitcoin, which it adopted as legal tender in April. Each Sango can be purchased for $0.10 during the first stages of its initial coin offering (ICO), with the listing price target of $0.45 by the final round. The total supply of the token is 210 million. So far, less than 20 million Sango tokens have been claimed, and officials have extended the first cycle of the sale by approximately five weeks.Affluent investors typically enroll in investment-based second citizenship programs for business activities, tax mitigation and ease of travel. The Central African Republic’s gross domestic product has declined steadily since peaking in the mid-1960s. Its current passport allows for visa-free travel in 17 out of 198 countries in the world.

Čítaj viac

Získaj BONUS 8 € v Bitcoinoch

nakup bitcoin z karty

Registrácia Binance

Burza Binance

Aktuálne kurzy