Author: Crypto News Live
The NFT launchpad, called SORAH by Animoca Brands Japan, is slated to launch in the summer of 2024, according to Animoca Brands Japan, a strategic subsidiary of Animoca Brands. SORAH by Animoca Brands Japan will serve as an NFT launchpad platform that facilitates the sale of NFTs to support projects and creators. A selection of selected NFT projects will be included, which will receive full support for marketing initiatives and sales options. Animoca Brands Japan plans to implement loyalty programs, such as NFTs, that will allow users to take advantage of a variety of benefits associated with the use of…
DN-404 is an experimental Ethereum token standard designed to address the limitations of its predecessor, ERC-404, by enhancing tokenized assets’ efficiency, scalability, and interoperability.DN-404, short for “Divisible NFT-404,” was developed by blockchain engineers and industry experts to improve the ERC-404 standard. ERC-404 aimed to integrate ERC-20 fungible tokens and ERC-721 NFTs to facilitate the fractionalization of NFTs. However, ERC-404 faced significant challenges, including increased Ethereum transaction fees and limited scalability, which hindered its practical application.DN-404 leverages innovative consensus mechanisms and smart contract protocols to enhance scalability within decentralized networks by improving transaction throughput and reducing costs. Additionally, the standard incorporates…
Novogratz expects US ETH ETF staking in two years. However, regulatory and Ethereum concentration risks still exist for ETH ETF staking. Galaxy Digital’s Mike Novogratz claimed that staking for US spot Ethereum [ETH] ETFs will eventually happen despite the current SEC’s stance. In an interview on the sidelines of the Consensus 2024, Novogratz maintained that ‘you’d rather get a yield than not get a yield.’ When asked when such would happen to the US spot Ethereum ETFs, Novogratz said, ‘’I would argue that within 12-24 months after the ETH ETFs without staking happen, they will change the rules and allow staking.’ …
Square Enix, the renowned video game developer known for iconic franchises like Final Fantasy, is making a move. The company has announced transitioning its Symbiogenesis blockchain game to the Ethereum layer-2 network Arbitrum. This shift aims to reduce gas fees and enhance the user experience for the game’s next wave of NFT character minting.Reducing Gas FeesThe decision to adopt Arbitrum follows the initial minting of 500-character NFTs on the Ethereum mainnet in December. This initial process incurred high gas costs, challenging the project’s accessibility and cost-effectiveness.By moving to Arbitrum, Square Enix expects to drastically reduce these fees, reducing them to…
Token standards are rules and protocols that dictate how tokens function on a blockchain. Different blockchains have their own token standards to ensure interoperability, security, and efficiency. Here are some of the key token standards across the top 10 blockchains with Turing complete environments Ethereum, Solana, BNB, and XRP: Ethereum Token Standards Ethereum has developed many token standards to facilitate the creation and management of digital assets. These standards ensure that tokens are interoperable with various decentralized applications and services within the Ethereum ecosystem. ERC-20: The ERC-20 standard is the most widely used for creating fungible tokens on the Ethereum…
Guild of Guardians Avatars knocked NodeMonkes off the top spot on CryptoSlam’s daily non-fungible token (NFT) charts on Thursday. The Immutable game-linked collection led NFT sales with a daily sales volume of US$828,697, a 19% rise from US$696,862 the day before. NodeMonkes, the Bitcoin collection that led Wednesday’s sales, fell to the third spot as its sales dropped to US$756,950 from US$935,770. NodeMonkes earlier this week became the 26th best-selling collection in the industry with more than US$228 million in all-time sales. DMarket, a Mythos collection for in-game items from popular online games, came in second place with US$774,176, helping…
TL;DR‘DeFi abstraction layers’ allow anyone to contribute crypto, have the algorithm trade/lend it out, and return higher yields than basic staking (that’s the idea at least).Full StoryNo one wants a quarter inch drill bit — they want a quarter inch hole.That’s marketing-speak for “most, if not all, purchases are the result of outcome-based desires.”Putting that into a crypto context:Most people aren’t learning how to code complex trading algorithms for sh*ts and giggles — what they really want is to turn a profit.This is usually a pretty defendable business — cause very few people are willing to go through the grueling…
A majority of investors want to invest in Bitcoin NFTs over their Ethereum counterparts. Ethereum is expected to hike in the next few weeks, thanks to exchange outflows. The crypto market saw Spot Ether ETFs approval on 23 May. Investors, at large, were expecting a short rally after this much-awaited event. However, ETH instead declined by as much as 4% in just 24 hours and Bitcoin mirrored its move. Now, analysts are divided on predicting Bitcoin’s next level, with some anticipating a major correction while others are forecasting an arrival of a bull rally. In fact, an exclusive survey conducted…
Welcome to the frontier of gaming evolution, where the blockchain meets virtual worlds. The Ronin blockchain has emerged as an ecosystem redefining the fabric of how games are played and owned. Its currency and economy offer a decentralized haven for gamers and developers alike.Dive deep into a landscape where each title is more than just a game; it’s a part of an ever-expanding digital universe. From whimsical realms to epic quests, Ronin’s library promises interactions and adventures previously limited to the imagination. Explore the titles that epitomize the platform’s potential and signal a new era of digital entertainment.Overview of the…
Crypto bridging protocol LayerZero is set to expand to the Solana blockchain on Wednesday, adding another route for crypto assets transferring between the Ethereum world and its largest singular competitor. Crypto holders on Solana will be able to move their assets to Arbitrum, Ethereum, Polygon and the 70 other chains it links to – and vice-versa, Layer Zero Labs, the company developing the bridging protocol, said. LayerZero is a so-called bridging platform: a messenger between blockchains that don’t naturally communicate with each other. Its users moved $6.7 billion worth of cryptocurrencies in the first quarter of 2024, generating $11.5 million…
