Author: Crypto News Live
Art Blocks is currently witnessing a remarkable revival, demonstrated by transaction volumes that we haven’t observed regularly since the onset of the bear market. During a May 23 Proof Daily Countdown episode, NFTStatistics shared that Art Blocks achieved over $1 million in trading volume on May 22. This marks the first time it’s seen these heights since March. Major sales followed, with Ringers #30 going for 52.5 ETH and a 370 ETH Fidenza sale, all within a 24-hour period. Popular collections, such as Chromie Squiggles, primarily drove this influx of activity. So, why the sudden rise? A variety of potential…
NFT A nonfungible token (NFT) influencer got served with a settlement demand via NFT, which casually dropped the F bomb several times and alleged the influencer engaged in wire fraud at a minimum on a recent $7 million token presale. Lawyer Mike Kanovitz, a partner at Loevy & Loevy, took to Twitter on May 20 to state that a “settlement demand letter has served as an NFT” to the wallet address associated with the alleged influencer known as ‘Ben.eth,’ whose real identity remains undisclosed. He alleged that Ben.eth “used a manipulative launch strategy” over how the Liquidity Pools (LP) were…
US university gets $20M to create new AI institute Source link
Through the launch, Solana became the first L1 blockchain to adopt AI. The launch failed to uplift SOL as it continued its losing streak. The Solana [SOL] Foundation announced the integration of artificial intelligence (AI) into the Solana network via a newly launched ChatGPT plugin, marking a watershed moment in the confluence of AI and blockchain technology. Through the launch, Solana became the first layer-1 (L1) blockchain to adopt AI, as per details given in a press release on 23 May. However, the news of the innovative synergy failed to lift up the native token SOL, which dropped 2.39% in the…
With the noise of memecoin season dying down, the NFT space is turning its eye back to the thing that makes up the heart and soul of the community: art. For those looking to dive back into the cultural side of Web3 (or just interested in checking out one of the most community-based NFT projects out there), World of Women’s Spring Artfest is a must-see. World of Women is a household name in the NFT world. Started by artist Yam Karkai in an effort to represent and onboard women to Web3, the brand’s two main collections — World of Women…
Blockchain In such a short period after its mainnet launch, Layer 2 protocol zkSync has hit several outstanding milestones. Compared to other long-existing networks, the zk-rollup Ethereum (ETH) scaling solution has recorded more transactions than expected. Based on its latest Twitter post, the protocol has processed one million transactions within a 24 hour time span. This milestone is a first for a zkEVM as the figure amounts to about 12 transactions per second. Notably, it makes zkSync the second top L2 network this period in terms of transaction count and next only to Ethereum. Additionally, zkSync hit one million unique…
NFT With the launch of its new “Phygital” Toy Collection & Experience on e-commerce giant Amazon, the popular NFT collection Pudgy Penguins saw explosive interest and sales. We’re thrilled to release the community-licensed, first-edition Pudgy Toys to the world. Purchase Pudgy Toys here and adopt your Forever Pudgy Penguin now: https://t.co/WODTtasf3d pic.twitter.com/F2h77P3Eid — Pudgy Penguins (@pudgypenguins) May 18, 2023 According to project CEO Luca Netz, Pudgy Penguins saw over $500,000 in purchases over the first two days, surpassing 20,000 individual toys sold. Across several Twitter Spaces yesterday, Netz said the team’s thesis is that “they want Pudgy penguins to win…
Assessing the chances of a return of strong sell pressure based on Bitcoin’s bearish pennant pattern. Directional uncertainty still plagues Bitcoin as volumes remain low. If you own Bitcoin [BTC], chances are that you have been waiting eagerly for the price to exit the current 2-week stalemate. A recent analysis may offer insights into which side BTC is likely to choose once it regains volatility. Read Bitcoin (BTC) price prediction for 2023/2024 A 24 May CryptoQuant analysis highlighted a good reason why Bitcoin will likely experience a breakdown from the current level. According to the analysis, the cryptocurrency is currently…
TL;DRApple has previously blocked Web3 apps from accepting crypto payments, because Apple Pay doesn’t play nice with blockchain – which means Apple can’t take its 30% cut.The good news is: there’s a way for Web3 apps to accept payments on the iPhone.The bad news is: the experience is clunky and expensive. Users buy ‘Spark’ tokens (non-crypto tokens, similar to Fortnite’s ‘V-Bucks’) → use their Spark tokens to buy NFTs in-app.All while Spark purchases are 30% more expensive (in USD equivalent), compared to crypto purchases. Either way, it’s a net positive for Web3!Full StoryAlrighty, we have some good news and some…
GameFi Lunacians may now use their axies to create unique and personalized avatars on App.axie. 1/ The Axie Avatar Forge is LIVE! ⚔️Every army, every nation, needs a standardized and scalable way of issuing identification to its citizens.This is ours. 🧵👇🔗 | https://t.co/dSLbPiFXZv pic.twitter.com/3TBgzuxjB0 — Axie Infinity | #AxieOrigins, #AxieHomeland (@AxieInfinity) May 24, 2023 Axie Avatar Forge includes features that allow users to diversify their profile. To begin, users may choose from a palette of 20 backdrop colors, including translucent, for their PNG or GIF. This enables matching their axie to a personal or business identity in either the digital…
