Author: Crypto News Live

Gelato Network, renowned for its roll-up as a service platform within the Web3 space, has announced a significant milestone with the launch of the Lisk L2 Developer Mainnet. This development marks a pivotal moment for Gelato, as it continues to broaden its scope and enhance its offerings in the decentralized ecosystem. The Lisk L2 Developer Mainnet is not just another layer; it’s part of Gelato’s strategic initiative to integrate more deeply with the Optimism network, heralding a new era of interoperability and efficiency in blockchain technology. Driving Innovation and Interoperability in Web3 During the initial Devnet phase, Gelato facilitated the…

Blockchain infrastructure designer Alchemy has launched a development kit rollup-centric innovation in the crypto ecosystem. Alchemy’s introduction of Alchemy Rollups represents a notable step forward in the crypto ecosystem. It will offer developers a comprehensive toolkit for rollup-centric development and aim to streamline the process of developing, optimizing, launching, and growing layer-2 blockchains with a focus on scale, speed, and cost-efficiency. According to product lead Monica Garde, Alchemy’s offering affords developers the same “battle-tested infrastructure” that powers some of the most trusted networks in decentralized finance (DeFi). “Running a node is not that difficult; the hard part is doing it…

INTMAX, a prominent Layer 2 zkRollup platform, has announced PlasmaCon, an official event of Japan Blockchain Week. The event is scheduled for July 31st in Tokyo. PlasmaCon will bring together some of the most influential minds in the blockchain industry, including Ethereum Co-founder Vitalik Buterin, Ethereum Foundation researchers Justin Drake. Moreover, Public Works Founder and Gitcoin Co-founder Scott Moore, and Plasma researcher and INTMAX Co-founder Leona Hioki will also be attending the event. PlasmaCon Focuses on Ethereum Scalability and Privacy Solutions PlasmaCon will be a builder-focused event, exploring alternative methods for scaling Ethereum and enhancing privacy solutions. The event will…

During the week of June 1-8, 2024, non-fungible token (NFT) sales experienced an increase compared to the previous week. NFT sales reached $133.19 million, a rise of 7.51%. NFT Market Gains 7.51% This Week This week’s NFT sales showed a 7.51% increase after several weeks of decline. The seven-day sales totaled $133.19 million, involving nearly 90,000 buyers and sellers. The priciest NFT sale this week came from the Cardano chain, selling for $219,102 three days ago. The second most expensive NFT was an Ethereum-based Cryptopunk #1,002, which sold for $193,372 two days ago. Seven day non-fungible token (NFT) sales stats…

Iggy Azalea’s MOTHER token reflects the memecoin trend after the NFT craze Despite Buterin’s critique, MOTHER surged by 1,200% Once a stranger to Solana [SOL], Australian rapper Iggy Azalea has launched her own Solana-based memecoin, Mother Iggy (MOTHER). However, this isn’t the first time such a trend has emerged either.  In 2021, various celebrities entered the crypto-market by launching their own NFTs. Now, 2024 has seen an exponential rise in celebrity-endorsed memecoins. Here, it’s worth pointing out that not everyone is pleased with this trend. In fact, just recently, Ethereum co-founder Vitalik Buterin expressed his discontent about the same in…

In order to advance the ecosystem’s overall expansion, NEX collaborates with the Chainlink BUILD program. This will be accomplished by obtaining the necessary technical assistance and the availability of Chainlink’s oracle solutions. Additionally, the promotion of the development of enhanced crypto economic safety factors will be implemented. As a result, NEX will be committed to offer network fees and other benefits to the Chainlink community and service providers, including stakeholders. Through improved support, secure offchain services, and the support of Chainlink’s vibrant community, NEX believes that it can increase awareness of NEX and facilitate the adoption of centralized and decentralized…

Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has recently seen its price fall below the 4-hour Simple Moving Average (SMA). This technical development is noteworthy for traders and investors, as the 4-hour SMA is often used to gauge short-term market momentum. When a cryptocurrency’s price drops below this moving average, it can signal a potential shift in market sentiment from bullish to bearish. This could imply increased selling pressure and a possible downward trend continuation. The implications of this price movement extend beyond technical analysis, as broader market conditions, investor behavior, and fundamental factors also play a crucial role…

Immutable, a prominent Ethereum-based forum for developing Web3 games, has recently announced an exclusive project. As the platform noted, it is unveiling a cutting-edge evolution in the sector of real-time casual strategy gaming with Somnis Rumble Rush. The company took to the social media platform X to disclose the respective initiative. Somnis Rumble Rush is launching on Immutable zkEVM, powered by @0xPolygon!@overtake_world, led by former @EA GM renowned for leading FIFA Online generating over $600M annually is bringing Somnis Rumble Rush for everyone to play on Immutable. Somnis Rumble Rush is the next… pic.twitter.com/fwzgQY8lUk — Immutable (@Immutable) June 7, 2024…

Nansen, the leading on-chain analytics platform, has launched a new Profiler PnL feature that enables crypto investors to track and analyze the performance of top investors across multiple blockchain networks, including Ethereum, Base, and Arbitrum, according to a recent press release shared by the company. The Profiler offers a suite of metrics, such as average return on investment (ROI), win rates, and specifics on the best and worst trades, Nansen noted. The tool is designed to provide insights into both realized and unrealized profits and losses per token. Moreover, users can set up alerts to track the investment moves of…

Renowned digital artist Beeple, known for his record-breaking $69.3 million NFT sale, has stirred up controversy with his latest artwork, “CURIOSITY KILLED THE CAT.” CURIOUSITY KILLED THE CAT pic.twitter.com/giWO5DWS97 — beeple (@beeple) June 8, 2024 The piece, which depicts a cat resembling the digital persona of Keith Gill, better known as Roaring Kitty or DeepFuckingValue, being killed, has sparked speculation about the motivation behind the provocative imagery. The artwork’s release comes on the heels of Roaring Kitty’s highly anticipated return to the spotlight after a three-year hiatus. Gill, a financial analyst and investor who gained fame during the GameStop short…