Author: Crypto News Live

Blockchain They have exerted considerable effort to assure the utmost transparency in the entire process. The central mechanism of their system is Chainlink Verifiable Random Function (VRF), hailing from the beloved decentralized oracle network. The Implications of Chainlink VRF for Raffles Chainlink VRF offers LooksRare a source of randomness that is not only immune to tampering but is also auditable. This system is leveraged to select the winning entries for high-value NFTs and LOOKS prizes. At its core, Chainlink VRF can cryptographically confirm to the global audience that every raffle conducted is unquestionably fair and unbiased. The Reason for Not…

NFT The Non-Fungible Token (NFT) market in 2023 shows strong signs of recovery after the uncertainty and volatility of 2022. Non-fungible tokens (NFTs) are digital assets on a blockchain representing anything from artwork to music to in-game items. The NFT market landscape has been transformed by the emergence of new projects, platforms, and technologies and changing trends in the cryptocurrency space. How to Mint NFTs To mint an NFT, you must create a digital asset and then “mint” it or turn it into an NFT. Here are the steps on how to mint an NFT: Choose a blockchain. Many blockchains…

As the NFT market continues to evolve and gain traction, new opportunities are emerging for individuals to engage with digital assets. Renting NFTs has become a popular trend, providing users with access to high-value assets without the need to make a permanent purchase. In this article, we will delve deeper into the concept of renting NFTs, explore its benefits, and provide a step-by-step guide on how to rent these unique digital assets.How do NFT rentals work? Renting NFTs follows a similar principle to traditional asset rentals. Instead of purchasing an NFT outright, users have the option to rent them for a…

Atif Khan, previously an executive at Meta, has joined Thirdweb as the new Vice President of Gaming. This hiring comes as part of Thirdweb’s mission to foster growth in the Web3 gaming sector, a commitment demonstrated recently when they built a game entirely from scratch.Headquartered in San Francisco, Thirdweb is a startup that offers a comprehensive Web3 infrastructure toolkit. This enables developers to construct decentralized applications, including blockchain games and NFTs. Last year, the company raised $24 million in a Series A funding round, achieving a valuation of $160 million. Haun Ventures, Polygon Labs, and Shopify were among the notable…

Over the past week, $36 million flew out of Ethereum (ETH) exchange-traded products (ETPs), according to CoinShares data. This outflow of funds from Ethereum ETPs was the largest observed in a single week since the Merge in September 2022. This outflow of funds from Ethereum ETPs was the largest observed in a single week since the Merge in September 2022, a significant event in Ethereum’s history that involved the transition from proof-of-work to proof-of-stake consensus mechanism. ETPs are investment products that provide exposure to the price movements of Ethereum or other digital assets. Despite the outflows, however, Ethereum ETPs fared…

Stablecoins aw a resurgence of interest following SEC’s lawsuits Rise in unique active addresses and weekly senders underlined growing interest in stablecoins After months of waning interest in stablecoins, there appears to be renewed interest in the stablecoin sector. This, following the growing uncertainty fueled by the Securities and Exchange Commission’s (SEC) lawsuits. Investors begin to seek stability An indication of this growing interest can be evidenced by the hike in unique active addresses in stablecoin transactions. According to CryptoQuant analyst onachained, for instance, these active addresses have been steadily increasing following the SEC’s litigations earlier this week. Source: CryptoQuant…

ApeCoin DAO — the Web3 organizational entity built up around ApeCoin, a cryptocurrency token created in the spring of 2022 as a part of the Bored Ape Yacht Club ecosystem — has come under fire for paying out exorbitant salaries to its leadership board and being out of touch with its own community. On June 10, the ApeCoin DAO secretary, an individual who goes by the pseudonym Vulkan, posted an organizational chart on Twitter detailing the salaries of the DAO’s governance board. Some positions, like the DAO’s facilitators who moderate the group’s community forum space, are being criticized as being…

Blockchain The product was originated by UBS and placed to its clients in Asia Pacific, representing a long-term collaboration between BOCI and UBS in digital structured notes. BOCI has a long history of serving various clients through continuous product innovation. It is a leading Chinese issuer with a full range of products, a large volume of issuance, and complete services to its clients. The wholly-owned investment bank of Bank of China was the first Chinese financial institution to issue structured notes overseas. UBS, on the other hand, issued a USD 50 million tokenized fixed rate note in December 2022 under…

AnnouncementsWe’re excited to unveil Unstoppable Leaderboards, a dynamic way to show off your on-chain achievements and connect with new frens in your community. With our latest update, you can showcase your on-chain accomplishments and ownership in NFT communities and see how you rank up against the competition, while discovering the incredible communities other #UDfam members are hodling. You can also follow your favorite Web3 domains to start building an engagement network for upcoming social features with Unstoppable.Discover how our leaderboards can make your digital identity and NFT experience even more engaging and fun!If you’re not already familiar with Badges, we’ll give you…

Every experienced crypto trader will agree that token presales are one of the most profitable opportunities to earn profits in the coin market. The price of cryptocurrencies in the presale stages is very low compared to the predicted future valuation. As such, buying them can lead to outsized returns over time. While crypto enthusiasts may struggle to pick which presale project to buy into, analysts have made the work easy. They have picked the freelance-based project, Uwerx, as the perfect project to invest in for massive gains.Read on as we explore the price predictions for Kava (KAVA) and Injective (INJ) and…