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“We know that NFTs are the best way to bring people onto the blockchain,” Jack Lu, CEO of Magic Eden, said in a statement. “NFTs are exciting, social and cultural experiences that bring connectivity to the world. We’ve made the conscious decision to support both our creators and users through
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Magic Internet Money (MIM), a US dollar-pegged stablecoin of the Abracadabra ecosystem, joins the growing list of tokens losing their $1 value amid an untimely crypto winter. The sudden de-pegging of the MIM token commenced roughly on June 17, 7:40 pm ET, which saw the token’s price drop to $0.926
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As decentralized finance continues its victorious march — although the road is sometimes bumpy — some significant questions on its nature remain. How can DeFi applications be protected from becoming nonoperational under extreme stress? Is it really decentralized if some individuals have way more governance tokens than others? Does the
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The Solana-based marketplace has seen far more transactions than its Ethereum counterpart in the last 24 hours. Original Source
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NFT strategy game Dragon War has confirmed a partnership with Magic Eden, Solana’s fast-growing NFT marketplace. As part of the deal, the play-to-earn project will make Magic Eden its preferred INO launchpad, with 5,000 non-fungible tokens (NFTs) set to go live on the site on May 16, 2022. For the past
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Italian professional soccer club AC Milan will be releasing its first-ever nonfungible token (NFT) project in collaboration with the BitMEX crypto exchange, with proceeds going to Fondazione Milan, the clubs' charity arm.The limited-edition collection will feature 75,817 NFTs, a number representative of the capacity of the club's home ground San
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The round was led by Paradigm and included contributions from Sequoia and Solana Ventures. Source
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The leading Solana NFT marketplace is anticipating an expansion of
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The Magic of Wizardia’s Play-to-Earn Metaverse Wizardia introduces users to a fantasy world that has been overrun and distorted by a hostile fog. Life as we know it has been irreversibly changed, and the player-character must take on the role of one of many unique wizards to fight in order to
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Stablecoins and their use in decentralized finance (DeFi) have played a key role in the 2021 cryptocurrency bull market because allow investors to participate in the ever-growing number of protocols that offer high yield staking pools and they ease the process of transacting without needing to use a centralized exchange. One
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