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“We believe the metaverse will be open, censorship-resistant and globally accessible,” Sergey Vasylchuk, director of the Metaplex Foundation, said in a press release. “In this metaverse, Metaplex will serve as a common protocol and NFT standard to empower the next wave of decentralized commerce, social and gaming experiences.” Original Source
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Good morning. Here’s what’s happening:Market moves: Bitcoin stabilized near $43,000 after Wednesday’s sell-off, while traders’ attention turned to layer 1 tokens.Technician’s take: Oversold signals remain intact for bitcoin, although upside is limited.Catch the latest episodes of CoinDesk TV for insightful interviews with crypto industry leaders and analysis.PricesBitcoin (BTC): $43,073 -1.09%Ether
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Wednesday’s move in FTM follows gains for tokens of other layer 1 blockchains. A basket of three leading Ethereum competitors, Solana, Terra and Avalanche – dubbed the SoLunAvax trade – has gained 400% since May. Some high-profile funds, such as Singapore-based Three Arrows Capital, have even cut back from
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Mintable marketplace announced its partnership with Immutable X, a StarkWare-based layer-two solution for nonfungible tokens (NFTs) on Ethereum, to make over 24 million NFTs on Immutable X available for sale on Mintable. This integration will enable users to deposit ETH and ERC-20 tokens with instant confirmation and no gas fees.According
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Even though CryptoX is a purely digital media platform, we find the language of old, analog media helps to explain what we are doing here. We think of our flagship newswire service as an up-to-the-minute, comprehensive “paper of record,” while Layer 2 by CryptoX is a “magazine of ideas” that
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As the Federal Reserve appears to be poised to take a more hawkish stance on monetary policy (for now… maybe), especially in light of recent high inflation data, cryptocurrency investors seem to be rethinking how they’re allocating their money in the sector.One would expect that to mean good news not
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The Nervos Network is an open Blockchain platform for innovators to build applications that are decentralized, autonomous and universally accessible. They want to create an all-encompassing architecture that allows dApp developers to build once and reach all of these users, everywhere using layer 1 + Layer 2 solutions. Ben Morris is
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“The amount of hype, as well as projects being built in the metaverse, gaming and NFT spaces, is bullish for these blockchains that are designed to build dapps on top of,” said Alexandre Lores, an analyst at Quantum Economics. NFT refers to non-fungible tokens, which can represent interest in property,
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The past couple of years has seen decentralized finance (DeFi) maintain a meteoric rise. Such an impressive growth can only mean one thing—a rise in decentralized exchanges as well. With centralized exchanges proving a little complicated and problematic at times, the crypto space will agree that decentralized exchanges are the future
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The total value locked (TVL) on Ethereum layer two (L2) networks has surged to a new peak as gas fees continue to steadily rise driving further adoption. Layer 2 analytics platform L2beat currently reports that the total amount of value locked across various L2 protocols and networks has reached an all-time
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