Author: Crypto News Live
Step into the future of metaverse navigation with OMA3’s new Inter-World Portaling System and explore its potential. Let’s dive in. TL;DR OMA3’s Inter-World Portaling System (IWPS) project aims to improve metaverse navigation and set standards for virtual worlds. The Portaling and Mapping Working Group (PMWG) is focused on looking at the potential of portals in the metaverse, offering more immersive experiences and monetisation opportunities for software developers. The IWPS will enable easier movements between diverse metaverse platforms, improving accessibility and user experience. OMA3 prioritises high performance, flexibility and user privacy, welcoming people from Web3 to shape the future for a…
In early June, every Genesis Pass NFT from Lacoste’s Genesis NFT collection featured an identical design. But as a fashion company, unique aesthetics matter, so their NFTs are getting an upgrade — one that goes far beyond looks. The Genesis Passes have now evolved into the UNDW3 Card (pronounced “underwater” card), marking a shift in the brand’s approach to community engagement. With the upgrade to UNDW3 Cards, holders (who refer to themselves as “crocodiles”) can change the rarity, value, and look of their NFTs through interactive on-chain and off-chain activities. The more holders participate, the more features and utilities they…
The NFT market experienced a significant shock in the past three days, with over 1,200 NFTs being liquidated due to a record-low plunge in the floor price of several prominent or ‘blue-chip’ NFTs Data from the NFT analysis site, Snow Genesis, shows that hundreds of NFTs used as collateral for loans are at risk of being liquidated. While some of these debts have been repaid, several NFTs have already been listed for auction. The table below shows the most recent NFT liquidations from Snow Genesis as of press time. CirrusNFT, Wumbo Labs, noted that several investors who took loans on…
In a new development in the Bitcoin blockchain space, Luminex, a recognized Bitcoin Ordinals launchpad, has significantly altered the BRC-20 token standard. The modified version, the recursive BRC-69 token standard, boasts a substantial reduction in minting costs by a notable 90%.The amendment was driven by Luminex’s objective to mitigate the increasing transaction fees that have been a concern for network users. The company posits that its BRC-69 token standard can drive considerable fee savings for minters as it requires just a single line of text to be inscribed onto the blockchain instead of a complete image.Addressing Block Size Limitations and…
Summary: A proposal on Aave DAO to move $3 million in ETH from the treasury into wrapped staked ETH and rocket pool ETH is active in the project’s governance forum.The proposal with 252,152 votes in favor argues that converting 1,600 ETH to liquid staking derivatives will earn higher yield for the protocol.Staking wstETH would earn 3.8% yield and 3.13% by staking rETH while retaining liquidity for the DeFi service, the proposal noted. Aave DAO members are voting on a proposal to earn higher yield by converting 1,600 unstaked Ether (ETH) from the DeFi platform’s treasury into two liquid staking derivatives…
Paul Grewal, Chief Legal Officer (CLO) at coinbase coinbase [email protected] Centralised Exchange , took to Twitter to voice his concerns about the Major Questions Doctrine holding in Nebraska. He firmly argues that the Securities and Exchange Commission’s (SEC) interpretation of the “investment contract” regarding digital assets is at odds with the law.He argued that the SEC’s assertion of authority over all digital assets, except Bitcoin (BTC), is not just staggering but disconnected from the requirement of enforceable rights between enterprises and purchasers.I’ve read, re-reread, and re-re-read the Major Questions Doctrine holding in Nebraska at p. 19-26. Swap out “Secretary” for…
The supply of BTC in profit surged to 72.3% as of 4 July as per data from Glassnode Bitcoin has been regaining its appeal and inflation might not be a major threat anymore. Profitability is one of the biggest factors that investors consider before buying an asset. You might thus find Glassnode’s latest statistics on Bitcoin [BTC] profitability to be quite interesting. Possibly even confusing. Is your portfolio green? Check out the Bitcoin Profit Calculator The supply of BTC in profit recently climbed to 72.3%. But just what does this mean for traders? Less than 50% of the supply in…
A trader who nailed Bitcoin’s (BTC) 2018 bear market bottom is unveiling a scenario that would liquidate both bulls and bears before the crypto king’s next leg up begins. Pseudonymous analyst Bluntz tells his 223,400 Twitter followers that Bitcoin could set a bull trap by briefly surging above its yearly high of around $31,500 only to correct all the way down to $29,500. According to the trader, the move to $29,500 will likely be a bear trap as he expects Bitcoin to start the next phase of its uptrend following the pullback. “The max pain move in this scenario that…
The introduction of BRC-69, via Recursive Inscriptions, could help reduce Bitcoin Ordinals’ costs. BRC-20 market cap continues to fall as Inscriptions minted nears 15 million. The plan to reduce the cost associated with minting Bitcoin Ordinals Inscriptions might soon take off, Luminex’s GitHub profile showed. As a Bitcoin Ordinals launchpad, Luminex suggested that Recursive Inscriptions could be vital to achieving this goal. How much are 1,10,100 BTCs worth today? In June, a developer mentioned that Recursive Inscriptions would offer a better use case for Ordinals as it offered an extension of the restricted minting limit. In addition, these Inscriptions help…
Enter the world of H&M Loooptopia, a new metaverse experience inside the popular game, Roblox. This interactive virtual experience allows players to create clothing, play, and socialize in a futuristic digital world. Furthermore, the immersive nature of Loooptopia offers a unique and exciting experience for players of all ages. Let’s take a look at H&M’s Loooptopia. What is the H&M Loooptopia Metaverse Experience? H&M Loooptopia is an in-game world within the Roblox game platform. Players can enter this digital realm and explore a futuristic city filled with H&M clothing stores, interactive games, and social areas. To clarify, it’s like a…
