Author: Crypto News Live

In the rapidly evolving world of digital art, a new wave of creative expression is currently being empowered by the integration of artificial intelligence. These AI tools and plugins are broadening and democratizing the canvas of creativity and quickly shaping the landscape of the NFT space in the process. Artists like Claire Silver and Pindar Van Arman have emerged as leading advocates of AI art in the Web3 community, and platforms like Brain Drops have emerged to cater to the growing movement. As AI art continues to grow in popularity and accessibility, it has prompted a wide range of intellectual…

Blockchain Terence Chain of Prysm Ethereum Client tweeted on May 12 that they developed a newfound appreciation for blockchain liveness, particularly the LMD-GHOST fork choice, “since the incident yesterday.” I developed a newfound appreciation for blockchain liveness (especially LMD-GHOST fork choice) since yesterday’s incident. Ethereum didn’t finalize for 3 epochs, but it kept going. Users were barely affected or noticed the finality gap. — terence.eth (@terencechain) May 12, 2023 On May 11, the Ethereum blockchain encountered a technical problem, leading to a disruption where blocks were not being finalized for over an hour. This incident marked the second outage of…

NFT Ubisoft has been the most active major game publisher to date in the Web3 world, and now the company behind game franchises like Far Cry and Just Dance is making another NFT play—this time based around its massively popular open-world action series, Assassin’s Creed. Integral Reality Labs and Ubisoft have partnered to create Assassin’s Creed Smart Collectibles, which are NFT access passes minted on Ethereum scaling network Polygon that are paired with physical collectibles inspired by the popular historical action franchise. Each minted “Digital Soul” NFT can be used to customize and redeem a physical collectible—a 3D-printed keepsake that…

TL;DROver the last couple of weeks, a guy by the name of ‘Voshy’ launched the $GREED project.He started tweeting things like “Be careful of your greed; Greed can consume you,” and each time he tweeted, it just made people more bullish.When people pressed ‘claim,’ on the airdrop it activated two things: They were airdropped 8,007,320,330 $GREED, and their Twitter account automatically tweeted an embarrassing warning to others.The whole point of this project was to see how far people would go for the potential to make some money – the project was literally called $GREED.Full StoryThe next season of Black Mirror…

In an effort to improve the misgivings of the existing traditional finance platforms, Tesla (NASDAQ: TSLA) and Twitter (NYSE: TWTR) CEO Elon Musk is planning to introduce a more efficient financial system by converting Twitter into an ‘everything app’ that includes messaging, payments, and commerce, called ‘X.’  As it happens, Twitter is currently working on the software and regulatory checks that would, in time, allow payments through the platform, and a high-ranking Twitter employee, Esther Crawford, has reportedly started to map out the necessary architecture back in January. ‘Money is just information’ More recently, Musk spoke to CNBC’s David Faber…

A crypto advocacy group has criticized the U.K. Parliament Treasury Select Committee’s recommendation to regulate cryptocurrency trading as gambling. Treasury Select Committee lampoons crypto In a report published on May 17, the Committee urged the government to stop wasting taxpayers’ funds on innovations such as virtual assets until it shows their benefits. The Committee compared cryptocurrency investing and trading to gambling in terms of its potential to be addictive. According to the report, trading cryptocurrencies is similar to “betting on unbacked tokens,” adding that traders should know they can lose all their money. “Regardless of the regulatory regime, [crypto] price…

High transaction fees on Ethereum and Bitcoin have led to increased network activity on Solana. While network activity sees growth, other ecosystem metrics experience a decline.  Solana saw an influx of new users as high transaction fees on Ethereum [ETH] and Bitcoin[BTC] drove new demand to the Layer 1 (L1) network, data from The Block showed.  Read Solana’s [SOL] Price Prediction 2023-24 On the Ethereum network, the meme coin craze led by the unprecedented rally in the price, trading volume, and market capitalization of frog-themed Pepe (PEPE) situated a spike in transaction fees on the chain. According to data from Messari, average transaction…

RTFKT is a company that has uniquely positioned itself at the intersection of fashion, technology, and gaming. This article delves into the world of RTFKT, its pioneering products, and its game-changing collaboration with industry giant Nike.Background of RTFKTRTFKT, pronounced “artifact,” was founded by Chris Le, Steven Vasilev, and Benoit Pagotto, a team of experts in gaming, design, and technology. The company was born out of their vision to bridge the gap between physical and digital fashion. Rather than producing physical products, RTFKT creates digital fashion items primarily intended for video games and virtual environments. Their digital sneakers and virtual wearables, for…

The Paris-based crypto hardware wallet provider Ledger found itself in hot water this week after revealing plans to introduce Ledger Recover, an optional, paid subscription service for Ledger Nano X wallet holders that provides a seed phrase recovery system involving third-party custodians. Ledger touted the new feature as an innovation that would allow crypto and NFT holders to recover their assets in the event of a lost or forgotten seed phrase.  But the announcement has been criticized severely by a portion of the Web3 community, who claim that the firmware update that enables the service to exist goes against Ledger’s…

Blockchain Everyone’s been busy predicting the death of crypto and Web3 recently — and to that I say, fair enough. But as we all know from history, a burst bubble isn’t the end of the story. It’s often the start of a new one. The future of the blockchain is one in which the next billion crypto users won’t hold bitcoin, ether or any other fungible tokens. They’ll use fiat to purchase goods and services, and that fiat might be exchanged for tokens somewhere on the back end. Blockchain has already been through two epochs, the Crypto Era and the…