Author: Crypto News Live
A total of 24,677 BRC-20 tokens minted with a market cap of $447 million. The total number of Ordinals inscriptions broke past 9 million at the time of writing. May of 2023 proved to be a record-breaking month for network traffic on the Bitcoin [BTC] blockchain. Daily transactions shot up to unprecedented levels, with the count on 1 May touching an all-time high of 682,099, data from Glassnode revealed. Read Bitcoin’s [BTC] Price Prediction 2023-24 The primary reason behind the rise in network traffic was the transactions driven by the Bitcoin Ordinals protocol. And they are now being used to mint…
A widely followed crypto analyst who called the 2022 market bottom says that he’s excited about Bitcoin’s (BTC) current price action. The pseudonymous strategist DonAlt tells his 487,000 Twitter followers that the king crypto’s current price action is more exhilarating to him than the “garbage” action that preceded before. According to DonAlt, BTC’s current rally, which started when the top crypto asset by market cap was trading for $15,000, should still have fuel left even though BTC has “broken down.” “BTC update: Broke down. Many would say this is worse for bulls but this has me more excited than the…
Avalanche became the second home for EUROC after Ethereum. EUROC’s push could be part of the company’s long-term vision to tap into the European market. Stablecoin issuer Circle announced the launch of its euro-backed stablecoin, Euro Coin [EUROC] on the Avalanche [AVAX] network as part of its ambitious multi-chain strategy. Avalanche became the second home for EUROC after it was launched on the Ethereum [ETH] network last year. Read Avalanche’s [AVAX] Price Prediction 2023-24 Circle stated that EUROC will boost on-chain liquidity on Avalanche and provide global users with an option to trade in euros besides USD Coin [USDC], which is pegged…
On May 25, Web3 marketplace Binance announced it will allow NFT owners to use their digital assets as collateral to secure loans in Ethereum. Named Binance NFT Loan, the new service is aimed at bringing the advantages of decentralized finance (DeFi) to Binance’s NFT community, letting users unlock the potential of their NFT holdings without needing to sell them and provide a solution for liquidity needs in the process. Dive deeper Launching May 26, the service will initially cater to Ethereum loans only and will accept NFTs from select collections such as Bored Ape Yacht Club (BAYC), Mutant Ape Yacht…
Blockchain Coinbase has set specific objectives that must be met before the company considers launching its Layer 2 solution, Base. One crucial requirement is the establishment of a proven track record of stability on its testnet. For now, the company is incubating Base internally, but the plan is for the platform to eventually become fully decentralized. It is built on Optimism’s OP development stack, meaning that achieving the mainnet stage is highly reliant on the efforts and contributions of OP Labs; a contributor to the Optimism protocol. Right now, Base is waiting on Optimism’s upgrade of Bedrock, which it says…
NFT Nike’s entry into the Non-Fungible Tokens (NFTs) landscape demonstrates a unique evolution in digital marketing. The prominent sportswear brand has seamlessly integrated the technology into its NFT marketing strategy, providing valuable lessons for businesses navigating the Web3 ecosystem. So, why exactly did Nike adopt NFT marketing, and how can their approach enhance your Web3 project? Nike Embraces NFT Marketing Nike’s exploration into NFTs reflects an intuitive understanding of a shifting consumer landscape. Recognizing the rising interest in blockchain technologies, digital ownership, and collective creativity, Nike has veered away from traditional marketing tactics. Instead of fixating on the technology, the…
TL;DRFull StoryWeb3 is still waiting for its ‘killer application’ – that ‘thing’ that’ll bring millions/billions of new users into the space….and this NFT gated video call feature on Brave browser…well, it isn’t that application.BUT! It is a neat re-imagining of an already proven use case for NFTs: community access.Right now, most gated online Web3 communities use NFTs to give holders access to a Discord channel.There’s only one problem: Discord SUCKS. Chatting on the platform is an in-cohesive mishmash of lost notifications and broken threads.Point is: when we think of ‘intimate online communities,’ we don’t think of Discord. (Or maybe we’re…
Blur’s NFT lending protocol witnesses a massive spike in activity. Ethereum NFTs such as CryptoPunks, Azuki and Milady Makers take the spotlight. The NFT market has been seeing lots of volatility, as interest in the space hasn’t been as consistent. However, the performance of Blur Blend could indicate a turn in tides. Is your portfolio green? Check out the Ethereum Profit Calculator It’s all a BLUR DappRadar’s data revealed a notable surge in total loan amount within 22 days since the launch of Blur Blend. Specifically, the loans have escalated from 4,200 Ether [ETH] to 169,900 ETH, representing a remarkable…
GameFi Recent leaks suggest that the upcoming GTA 6 video game could adopt play-to-earn gaming mechanics that see gamers earn crypto in real life. According to reports, Grand Theft Auto (GTA) 6 could adopt a play-to-earn gaming and business model. Yesterday, a tweet hinted at this development, as the successful gaming franchise is rumored to release the next iteration in 2024. Although GTA 6 gameplay mechanics and micro-transaction specifics is unknown, observers believe the game could adopt blockchain technology. This approach could see gamers convert funds made during gameplay to money usable in real life. Observers say the rumored GTA…
Life Beyond opens up a new addition to their Hub, with a virtual simulation experience known as the Solo Combat Trials. These Trials server as a challenge, a source of bragging rights, and a training ground, all in a safe, virtual simulation! While we still wait to return to the planet of Dolos, Life Beyond has given us The Hub, a centralized social and informational space. Now, a new feature arrives in The Hub called Solo Combat Trials. Solo Combat Trials Solo Combat Trials see players face off against obstacles and enemies in a generated simulation. The challenges become increasingly…
