Cryptocurrency Analysis and News Portal
In this week’s newsletter, read about how the team behind Bitcoin Ordinals plans to drive the development of nonfungible tokens (NFTs) on Bitcoin and find out why metaverse platform The Sandbox requires Know Your Customer (KYC) checks for staking. In other news, learn why NFT gas usage is on a
Read More
“I’m sad about what happened to NFTs and crypto, because it got polluted fast with people trying to make as much money as possible,” Grimes told Wired. “But I do want to think about compensating artists, especially digital artists. And I hope when the aggro niche dies down, we can
Read More
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The volume of NFT theft decreased significantly in July — a 20% fall compared to June. According to the PeckShield study, a blockchain security company, July saw $1.73 million worth of stolen NFTs — a 20%
Read More
NFT trader's $1.5M bot chess moveYouTuber and nonfungible token (NFT) trader Hanwe Chang said he scored 800 Ether (ETH), around $1.5 million, by tricking a rival trader’s bot into buying his own inflated NFTs.In an Aug. 5 X (Twitter) post, Chang said he noticed a bot was copying his bids on
Read More
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The Federal Bureau of Investigation (FBI) recently issued a warning to potential NFT buyers to beware of bogus websites that use “drainer smart contracts” to steal from crypto wallets. The advisory informs the public about a new
Read More
What: CryptoPunks, one of the earliest NFT projects on Ethereum and also one of the most popular collections of all time, experienced a number of high-profile trades this week, including one from prolific NFT artist Beeple. His first profile-picture (PFP) NFT purchase, the clownish Punk #4953 set the stage for
Read More
The DappRadar report also noted that the shifts in trading volume and network activity may be partially attributed to “the emerging popularity of 'low barrier entry' NFTs. These assets, smaller in individual value, cater to a wider audience,” and “a broader shift in the NFT market towards platforms that offer
Read More
Blake Tandowsky, growth analyst at Alchemy, told CoinDesk that whale NFT trading volumes peaked in Q2 2022, and now, less users are entering the market. Still, the emerging use cases for NFTs such as gaming have kept developers hungry to build on the blockchain. Original Source
Read More
Let’s get business out of the way before getting to the fun part: Meta, the parent company of WhatsApp, Facebook and Instagram, is heavily involved in virtual worlds through its metaverse unit, Reality Labs. However, its investments have yet
Read More
Ethereum gas consumption of nonfungible tokens (NFTs) has gone through significant drops since its highs in 2021. Marketplaces and NFT projects that occupied top spots in terms of gas consumption at the time have since shown a sharp decline in two years. Data shared by the on-chain analytics platform Glassnode shows
Read More