Author: Crypto News Live

TL;DRThe biggest potential benefactors of the ‘crypto gold rush’ largely exist outside of the crypto industry.Established legacy brands have the potential to capture massive value from the crypto market, simply by adding ‘pay-with-crypto’ as a checkout option.Eg: When ApeCoin first launched, 150M tokens ($3B worth!) were gifted to Bored Ape Yacht Club NFT holders. Gucci then started accepting ApeCoin in-store to capture that value.Full StoryPremium/luxury brands are doing something kinda genius…While the rest of the retail industry is sleeping on crypto, they’re scooping up profits from all of the newly-rich crypto degens out there.Let’s break this thing into three parts:…

A recent surge in Multi-Collateral DAI repayments via wETH suggested a potential trend for Ethereum. Despite marginal losses, Ethereum’s current trading price and resistance zone indicated an interesting market landscape. The value of Ethereum, mainly its wrapped variant wETH, has historically been influenced by a metric called Multi-Collateral DAI repaid. Notably, there has been a recent surge in this metric. Considering this sudden spike, what potential trajectory might Ethereum be poised to take? Read Ethereum’s [ETH] Price Prediction 2023-24 Over 43 million DAI repaid in wETH A recent post from Santiment suggested that Ethereum may experience a favorable trend due…

My Neighbor Alice (MNA) has announced a partnership with renowned fashion brand ELLE to create an immersive gaming experience. This partnership aims to demonstrate MNA’s ability to successfully integrate brands into its gaming universe, paving the way for future collaborations in the industry.Merging Fashion, Lifestyle, and GamingELLE will be incorporated into the game as a neighbor, with designated plots in each active region of My Neighbor Alice. Players will find ELLE plots strategically placed near the Town Hub in regions such as Rusty Pikes, Tourney Wolds, Pioneer Point, Shaded Headland, and Gloomy Gulch.To enhance player engagement, specially designed quests have…

Input Output Global (IOG), the technology firm spearheading the research and development of Cardano, has offered an explanation as to why Cardano is frequently referred to as “the green blockchain.” According to IOG, this moniker is attributed to two primary factors: a significantly reduced energy footprint and a unique staking mechanism, as outlined in a Twitter thread and a blog post by IOG. Bitcoin, the pioneer of cryptocurrencies, has faced considerable criticism for its environmental impact. According to IOG, Bitcoin’s proof-of-work (PoW) protocol is notorious for its high energy consumption. Current estimates suggest that Bitcoin mining consumes approximately 99.37 terawatt…

The Ethereum network, the second-largest cryptocurrency by market cap, has recently witnessed an unusual but noteworthy trend. For the first time in 6 years, the number of Ethereum’s exchange depositing transactions has dropped to an all-time low. The question on every trader, investor, and enthusiast’s mind is: “What does this mean for Ethereum’s (ETH) price? Could it be a springboard for a leap towards the $2,000 mark?”Ethereum’s Exchange Depositing Transactions Reach 2017 LevelsAs uncertainties surrounding the US debt ceiling and potential interest rate hikes weigh heavily on the cryptocurrency market, leading assets such as Bitcoin and Ethereum find themselves struggling…

NFT marketplaces Magic Eden and Nifty Gateway are leveling up. Both platforms recently announced new reward systems to incentivize trading activities and enhance the overall user experience. With Nifty Gateway introducing its Collector Appreciation Month and Magic Eden launching its Chapter II program, these platforms are leveraging incentives to attract and retain users in an increasingly competitive landscape. These moves are similar to OpenSea’s recent decision to launch OpenSea Pro, which many believe was motivated by Blur’s commanding influence and success in the market. As a strategic response, OpenSea decided to incentivize its user base by introducing a rewards system…

Blockchain Visa, one of the world’s largest digital payment platforms, is digging deep into the cryptocurrency space. In an interview with Blockworks, Visa’s head of CBDC and protocols, Catherine Gu discussed the company’s current exploration of blockchain protocols and consensus mechanisms. She emphasized Visa’s keen interest in the area, saying that it aims to better comprehend blockchain’s underlying fundamentals and assess its potential role in shaping the future of payments. The payments giant recently released a technical paper that showcased how digital transactions could be transformed using account abstraction (AA). Ethereum mainnet currently sees roughly one million transactions every day.…

Leading Asian food chain Wow Bao has stepped into the metaverse, launching a unique loyalty program based on non-fungible tokens (NFTs). Customers can mint ‘CollectaBaos’, digital collectibles crafted by artist ManoverMars, for $99 for the first year, unlocking privileges including free meals, discounts, and merchandise. Quick Takes: Wow Bao revolutionizes loyalty programs with NFTs, offering exclusive digital collectibles and privileges. Powerful collaborations drive Wow Bao’s digital transformation, partnering with Devour and Paytronix for NFT integration. Wow Bao’s NFT loyalty program paves the way for mainstream adoption, simplifying the process for customers without crypto wallets. WowBao announced plans to expand its…

The NFT lending market has experienced a surge in loan volumes, reaching an impressive $375 million in May. Concurrently, NFT trading volumes during the same period amounted to $466 million, highlighting the increasing demand for digital assets.According to DappRadar, Blur is the dominant player in the NFT lending market, capturing an 82% market share and securing a substantial loan volume of $308 million over the past 22 days. Its exceptional performance solidifies Blur’s position as a leading provider of lending services within the NFT ecosystem.Once primarily focused on trading, Blur has successfully adapted its operations to meet the evolving needs of…

GameFi The gaming world keeps advancing as technology evolves. In that context, TOPIA was designed to represent a fresh spin on the gaming space, gaining from the strengths of its Minecraft connections while providing an assortment of engaging features that are designed to push the boundaries of the gaming space. As you dive deeper into TOPIA, you will learn about its journey from NFT worlds, its interesting opportunities for developers, and the integral role of the $TOPIA Token and the TOPIA Chain. By description, TOPIA is a collaborative project that is led by a community that is actively involved in…