Author: Crypto News Live

Non-fungible tokens (NFTs) were the most discussed Web3 concept during the 2021-2022 bull run; during their peak, daily trading volumes hit record highs of 200K ETH, according to DeFi Llama.However, the glory was short-lived. NFTs are no longer the ‘coolest’ crypto innovation, but to say they are dead would be an overstatement. This is a market niche that is still attracting stakeholders beyond the crypto realm, including top fashion brands. A recent report by Coingecko revealed that 42% of the leading fashion brands globally have integrated NFTs into their product suite, either as digital collectibles or customizable avatars.More notably, NFTs…

Ethereum ICO participants moved a significant amount of their holdings. Whale interest and retail interest in ETH declined. Due to the rising bearish sentiment in the market, the price of Ethereum [ETH] declined significantly, dipping below the $3,000 mark. Initial coin offering In November 2016, the Golem project conducted a successful Initial Coin Offering (ICO), raising a significant sum of 820,000 ETH. Over a 37-day period, Golem transferred 36,000 ETH to major cryptocurrency exchanges like Binance [BNB], Coinbase, and Bitfinex. This transfer amounted to roughly $115 million. Despite these transfers, Golem still held a substantial amount of ETH, with a…

Hyperlane, a cross-blockchain interoperability mechanism, has announced a new collaboration. As per the platform, it is partnering with BOB which is the earliest hybrid L2 platform that links BTC security and EVM liquidity while getting support from Coinbase Ventures and Castle Islands. The company revealed the respective development on its official X account. Hyperlane ⏩ @build_on_bobBOB is now connected to the Hyperlane network, enabling fast token bridging, interchain apps, and Permissionless Interop!Modular Expansion. pic.twitter.com/1vnqyZU2mr — Hyperlane ⏩ (@hyperlane) July 5, 2024 Hyperlane and BOB Join Forces in a New Collaboration The firm noted in its recent X post that it…

Blockchain technology has come a long way, from its humble beginnings in 2009 to hogging the spotlight in recent years. Although the emerging technology has fallen behind artificial intelligence (AI) in recent years, blockchain use cases in the automobile sector are poised to reach new highs. According to a report by Global Market Insights, the automotive blockchain industry could see a significant increase in market capitalization amid rising adoption metrics and technological advancements. In 2023, the industry is valued at a little over $550 million, but the combination of several factors is expected to grow the market size to $4.1…

This week has witnessed exclusive NFT sales and developments. As per CryptoSlam (a prominent NFT data aggregator), the recent seven days saw Pudgy Penguins as the top NFT collection dominating the market in terms of sales volume. The NFT aggregator disclosed that the famous NFT collection has obtained a lot of attention in the community. CryptoSlam’s List of Top 10 NFTs Based on Sales Witnesses Pudgy Penguins at the Peak CryptoSlam pointed out that Pudgy Penguins saw $3,402,410 worth of sales during the recent seven days. The respective sales denote a 0.62% rise in the meantime. DMarket held the 2nd…

ERC721 is a non-fungible token standard on the Ethereum blockchain, defining how unique digital assets can be created, owned, and transferred. Unlike fungible tokens such as ERC20, ERC721 tokens are distinct and cannot be exchanged on a one-to-one basis. This standard is the backbone of NFTs, enabling the representation of unique items like digital art, collectibles, and virtual real estate. This article will explore what ERC721 is, its key functions, benefits, and real-world applications, guiding you through the essentials of this transformative technology.Key TakeawaysERC721 is a non-fungible token standard on the Ethereum blockchain that allows for the creation, ownership, and…

Spellborne is a fresh and engaging MMORPG developed by Mon Studios. Set in the expansive world of Celestia, this monster-catching adventure invites players to immerse themselves in a richly detailed universe. The game launched its first open beta season, named ‘Higher Stakes’, which introduces players to various activities like monster capturing, farming, and crafting. Players choose from three distinct characters—Atom, Bellatrix, or Cosmo—each offering a unique gameplay experience. The Borne Gaming Foundation oversees the $BORNE token, which serves as the ecosystem token for Spellborne, adding an intriguing layer of economic engagement to the game.Season 1: Higher StakesNew Challenges and OpportunitiesSeason…

The Cryptonomist conducted an interview with Eric Vreeland, CSO at Polyhedra Network to talk about Web3, zero knowledge (ZK) proof and artificial intelligence (AI). Can you provide an overview of Polyhedra Network’s mission and vision, particularly in the context of Zero-Knowledge (ZK) proofs, and how you see it transforming the web3 and web2 ecosystems? How do Zero-Knowledge proofs enable secure, trustless transactions, and what are the primary benefits of these transactions for users and developers in both web3 and web2 environments? In what ways do ZK proofs contribute to system scalability and operational cost reduction, and can you share specific…

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Traditional gaming is in a tough spot. Mobile revenues are slipping and user acquisition costs are heading in the other direction. To revive growth and cultivate community, developers are turning to web3 to bake in true digital ownership, token incentives, and play-to-earn models. You might also like: Gone to hell: Web3 governance can save mainstream gaming | Opinion This stickiness is changing how players engage and how games attract and monetize audiences. As a result, users are…

Galxe, the biggest on-chain distribution forum in the Web3 sector, has recently unveiled an exclusive integration. As per the platform, it is integrating with a well-known people-centric blockchain named Viction, which offers zero-gas transfers, while endeavoring to build beyond the limits. The company took to the social media platform X to provide the details of the respective development. We’re building beyond limits through our latest integration with @BuildOnViction 💪Viction is a global L1 blockchain that empowers builders at every level. They provide accessible and scalable infrastructure, along with holistic guidance, to foster tangible project success and… pic.twitter.com/AN4WZxCqeS — Galxe (@Galxe)…