Author: Crypto News Live
The NFT community is reeling from what can only be described as a punch to its collective gut on May 30. After a consistent downturn of NFT art sales volume in recent months — followed by the sudden, frenzied rise of highly speculative crypto memecoins and Web3 figureheads asking their followers to send them money for no reason (and succeeding) — artists and collectors alike were left feeling particularly soured on the Web3. So, it was welcome news when well-known NFT influencer Andrew Wang tweeted the following to his audience of nearly 200,000 on May 30: “I woke up today to…
Blockchain Sony Network Communications, in collaboration with Astar Network and Startale Labs, is set to culminate their groundbreaking Web3 Incubation Program with an eagerly anticipated Demo Day on June 18, 2023. This event, which has been registered as an “Official Event” of Japan Blockchain Week, promises to be a pivotal moment in the world of blockchain and decentralized technology.—The Demo Day will be a hybrid event, bringing together participants from across the globe both in-person at an offline venue and online in the Metaverse. It will serve as the grand finale of the Web3 Incubation Program, providing a platform for…
NFT Undoubtedly, free NFT airdrops and free NTF giveaways have become one of the most popular topics in the crypto world, and those holding an NFT portfolio try hard to find the most intriguing new assets to add to their collection. And while buying an NFT might be the way for some investors, others also hunt the best free NFT airdrops and giveaways to get free NFTs for their collections. Just imagine that the most expensive NFT was sold for $91.8 million. In this article, we will discuss some of the best free NFT airdrops and NFT giveaways that will…
After watching the latest NVidia keynote, I realized that artificial intelligence (AI) is the future of efficiency for most industries. But will this budding technology accord the same courtesy to Bitcoin [BTC]? The AI craze is just beginning and adoption is about to go parabolic. This warrants a look at how Bitcoin might benefit the adoption of AI. It is still too early to determine where AI is headed, hence most of the current ideas are still within the realm of speculation. Nevertheless, we sought to establish how Bitcoin may benefit by simply asking AI. How many are 1,10,100 BTCs…
Lawmakers in the European Union are seeking to implement a code of conduct for the development and implementation of artificial intelligence (AI) prior to its forthcoming EU AI Act. In a joint meeting of the EU–U.S Trade and Technology Council in Sweden on May 31, the EU tech chief Margrethe Vestager said officials in the United States and EU should push the AI industry to adopt a voluntary code of conduct within months.According to Vestager, this would create safeguards, while the new laws are still under development. She stressed that the new laws will take effect in two and a half…
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. The week started positively for Ethereum [ETH]. The U.S. debt ceiling talks got “an agreement in principle” on Saturday during a phone call between President Joe Biden and House Speaker Kevin McCarthy. Bitcoin and Ethereum reacted positively to this over the weekend. On Friday, there was news that a deal was closer to being finalized and Dow Jones registered gains. In the past two days, Ethereum saw another move higher. A look at the lower timeframe charts showed strong…
The Alpha: Doodles is launching its first-ever “retail and entertainment experience” this summer in partnership with Camp. This represents a new chapter in the evolution of the Doodles brand. Camp stores offer shoppers a unique experience that combines retail and play at their physical locations across the U.S. Collectors of Original Doodles will get exclusive benefits, including complimentary admission, merchandise credits, and unique opportunities to create custom pieces. Dive Deeper While Doodles has seen many new developments recently, including Doodles 2 wearables, the team is doubling down on immersive experiences. Some of their previous events, such as SXSW and Doodleputt,…
Blockchain The CEO of Cheqd, Fraser Edward, explained how blockchain-based reusable KYC would become the “breakthrough” for security in Web3. The rationale is that it would improve the user experience while also unlocking new use cases. “Blockchain-based reusable KYC is particularly valuable in Web3”: word from Fraser Edward Reusable blockchain-based KYC and the Trusted Data Market with Cheqd Cheqd: nominee for startup of the year “Blockchain-based reusable KYC is particularly valuable in Web3”: word from Fraser Edward In an interview with Bitcoin.com, Fraser Edward, CEO and co-founder of the public permissionless network Cheqd, spoke about blockchain-based reusable KYC, describing it…
BRC-721 tokens are named after the Ethereum smart contract token standard for NFTs, ERC-721 tokens. Having a common file and metadata to source from will make it easy to build oracles that scan the Bitcoin blockchain for certain transactions and then relay that data to wallets or markets. When bridging NFTs, the BRC-721E encodes data directly into a burn transaction, which specifies a Bitcoin address to receive the inscription. Previously, Teleburn required to know the inscription ID before destroying the ETH NFT, but BRC-721E allows destruction before burning, which also means that the destruction transaction also acts as an inscription…
TL;DRDecentralized stablecoins are governed by a select group of people (i.e. a DAO), are backed by a variety of crypto and Real World Asset’s, and are kept at $1 at all times by allowing computers to balance their value.A few months ago, DAI was backed with 50% USDC – but that’s been reduced right down to 23.6% now.So if any single crypto or RWA crashes, it won’t take down DAI with it.Full StoryLet’s talk about decentralized stablecoins.Centralized stablecoins are backed with an equivalent in fiat (i.e. the US Dollar) or ‘real world assets,’ (RWA’s). $1USD = $1 for a centralized…
