Author: Crypto News Live
GameFi More than a cash grab, design studio UVL is rolling out a unique “choose-your-adventure” styled NFT project this week. Consisting of three key components, the voyage of “Axis Mundi” begins on June 6, with a 72-hour open edition mint where users can acquire so-called Energy elements. An open edition mint refers to an unlimited number of NFTs in a collection. These elements were created by new media artist Jason Ting and sound designer Pelican Sound, and appear as 20-second video loops of light and liquid. The mint price is set at 0.009 ETH, or roughly $16 at today’s prices.…
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Positive sentiment around Solana skyrocketed in the last week. Its price increased by 4% last week, and market indicators were bullish. Solana’s [SOL] NFT space witnessed a decline over the last 30 days, as evident from several datasets. As per CRYPTOSLAM, Solana NFT sales volume declined by 48% in the last month. Not only did sales volume decline, but data also revealed that the number of buyers and sellers for SOL NFTs dropped by 33% and 28%, respectively. A similar declining trend was also seen with the total number of transactions, which dipped by 40% last month. Additionally, Bitcoin [BTC]…
Let’s face it: The NFT space moves really fast. Considering how quickly things can change in the metaverse, a week in NFTs might as well be a month IRL. Don’t get us wrong — the more people onboarded into the space, the merrier. But because of the constant influx of great art and ideas, it’s becoming increasingly difficult to keep up with all the news, launches, and general happenings. Well, you can put the days of endless Twitter and Discord scrolling behind you as we pull together a weekly list of upcoming NFT drops you definitely don’t want to miss.…
Blockchain KuCoin announced the update for the optimism bedrock mainnet. Optimism Bedrock is expected to unlock new possibilities in the blockchain ecosystem. KuCoin, a secure crypto exchange, is gearing up its layer-2 optimism network for the upcoming Bedrock upgrade. The update expected to boost scalability, security, and efficiency. 🚀🌐 Layer2 network Optimism is gearing up for the Bedrock Upgrade soon!💡💎 Discover how this game-changing update boosts scalability, security, and efficiency for Optimism, and what it means for the future of #Ethereum.#Optimism $OP #Layer2 #EIP1559 — KuCoin (@kucoincom) June 2, 2023 On June 3, the crypto exchange KuCoin announced the update…
NFT Gunther’s Rich Dog Collection, the exclusive NFT collection providing unparalleled glimpses into the opulent lifestyle of the globe’s wealthiest dog, has successfully integrated Chainlink’s Verifiable Random Function (VRF) on the Ethereum mainnet. This integration marks a significant milestone for Gunther’s Rich Dog Collection, which serves as the official NFT collection associated with Gunther, the world’s richest dog and the renowned protagonist of the popular Netflix series Gunther’s Millions. Through the seamless integration of the prominent decentralized oracle network, Gunther’s Rich Dog Collection has successfully obtained an incorruptible and verifiable source of randomness. This crucial addition enables the collection to…
Web3, built on blockchain technology, promises a decentralized, secure, and transparent future for the Internet. As the Web3 movement gains momentum, major players like Google are taking notice and assessing its potential impact on search engine optimization (SEO).Web3 ApplicationsThe Google Search team has been actively evaluating various applications of Web3. Among them are decentralized IDs (DIDs), which offer an alternative method of user identification without relying on a central authority. Additionally, decentralized applications (dApps) running on the blockchain have captured Google’s attention. These dApps offer novel functionalities and operate independently of traditional centralized systems. Moreover, the emergence of Web3, blockchain-based domains free…
Bitcoin’s transactions at a loss surpassed 100 million BTC. SOPR and MVRV metrics revealed tight profit margins for long-term holders. In light of the press time state of the Bitcoin [BTC] market, there have been indications that long-term holders have been at a loss. Recent reports have shed light on the extent of these losses. Bitcoin transaction in losses soar Data from Glassnode revealed that even before the FTX collapse, there were Bitcoin transactions occurring at a loss. The statistics highlighted that the press time volume of BTC transacted at a loss had surpassed 100 million. Between 2019 and 2020,…
JPMorgan CEO Jamie Dimon is forecasting a pause from the Federal Reserve’s rate hikes, but with a caveat for risk-asset bulls. In a new interview on Bloomberg, Dimon, a crypto critic, says that pausing rate hikes is probably the right thing to do at this point. However, the CEO says that after a pause, the Fed will probably have to resume raising interest rates to tame inflation, which Dimon thinks will be more stubborn than originally expected. “My simple view is that they’re right to pause at this point. There’s been a big increase, 500 basis points or so. Take…
Pro-Ripple attorney John E. Deaton believed that there was a 25% chance of Ripple’s victory. Ripple’s valuation could exceed $100 billion if it wins the case. Pro-Ripple attorney John E. Deaton seemed positive that crypto platform Ripple [XRP] could prevail in its legal battle with the Securities and Exchange Commission (SEC). He made these remarks while appearing on the “Good Morning Crypto” podcast hosted on the 3T Warrior Academy channel on 3 June. Deaton believed that there was less than a 3% chance of the SEC outright winning the case. On the other hand, there was a 25% chance of…
