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Amid many cryptocurrency mining firms in Texas scaling down operations to reduce the load on the power grid, at least one company set up miners not quite as affected by the state’s energy requirements during extreme heat.In June, White Rock Management expanded its crypto mining operations to Texas — its
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The metaverse sector is witnessing its very-own housing crisis moment, thanks to massive declines in the prices of its virtual lands in 2022, led by waning users' interest and a crypto bear market.Land sales plunge 85% in 2022In particular, metaverse projects built on the Ethereum blockchain, including the Sandbox and
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Just recently, Yuga Labs, the team behind the world-famous bored nonfungible token (NFT) primates, nabbed some $300 million with its sale of Otherdeed NFTs, a collection of land plots in a soon-to-be metaverse. Indeed, NFTs, the blockchain industry’s primary method of creating digital asset scarcity, have emerged as the preferred
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The government of Colombia announced a new system that will allow it to use the Ripple Ledger to store and authenticate property titles. The system, which was developed by a third-party company called Peersyst Technology, aims to allow the National Land Agency to issue a record number of land adjudications
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Bitcoin (BTC) stayed $1,000 lower on May 19 after a grim trading session on Wall Street the day before put pay to further upside.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewMusk blasts ESG "scam" after S&P 500 exitData from Cryptox Markets Pro and TradingView showed BTC/USD circling $29,000 at the time of
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With their “skeuomorphic” designs and prodigious fundraising, Web 3 metaverse projects may have fallen into a trap of their own making. Source
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On Saturday, April 30th, Bored Ape’s creators Yuga Labs broke Ethereum. Their new metaverse-inspired project, Otherside sold plots of virtual land to a roaring crowd of people yelling “Shut up and take my money!” In this case, the currency in question was the recently created ApeCoin. However, since Ethereum host
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On Saturday, the creators of Bored Ape Yacht Club (BAYC), Yuga Labs, revealed the Otherside metaverse virtual land sale which turned out to be one of the largest non-fungible token (NFT) mints to date. The Otherside metaverse virtual land sale raised close to $320 million by selling 55,000 parcels of
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ApeCoin (APE) caught its bulls off-guard with APE price losing nearly 40% in just three days.No dutch auctionAPE's price reached its second-highest level, hitting $27.57 on April 28, up more than 2,650% from its mid-March debut.Nonetheless, traders started unwinding their positions after Yuga Labs, the Bored Ape Yacht Club (BAYC)
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The nonfungible token (NFT) and Metaverse sectors have been the bright spots in an otherwise sideways crypto market in 2022 and proof of this comes as APE token hit a new all-time high at $22.60 today.The steady bullish momentum for APE is in large part due to the upcoming The
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