Author: Crypto News Live
The Sandbox, a decentralized gaming platform, has announced the launch of its decentralized autonomous organization (DAO), known as The Sandbox DAO. This initiative aims to empower SAND token holders and virtual LAND owners—NFTs representing in-game plots—to participate in the platform’s governance.Phased Implementation of The Sandbox DAOThe implementation of The Sandbox DAO will occur in three phases. In the first phase, already started, SAND token and LAND plot owners can vote on Sandbox Improvement Proposals (SIPs) submitted by the community via email. A council composed of Sandbox leadership and partners from firms like Animoca Brands will review and guide these proposals,…
The ETH price decline has led to consecutive long liquidations. ETH has declined by over 3% in the last three days. Ethereum [ETH] experienced consecutive uptrends that nearly brought it back to its all-time high recently. However, a trend reversal halted this progress, resulting in significant losses for long traders over the past few days. Ethereum uptrend stalls Analysis of Ethereum on a daily time frame indicates that it has experienced consecutive downtrends over the past three days. These recent downtrends followed consecutive uptrends, which had driven its price to approximately $3,890 on 27th May. As of this writing, ETH…
Magic has partnered with Etherlink to boost Tezos dApp development with enhanced scalability and security. According to a press release shared with Cryptonews.com, this collaboration builds on the current relationship to support the growth of web3 community and the transition to web3 technologies while providing services and solutions. We are excited to announce the integration between Magic and @Etherlink 🚀 Etherlink, a non-custodial, EVM-compatible @tezos layer two solution, offers enhanced user and developer experiences while leveraging Tezos’ underlying fundamentals. 🔐 Enhanced Security and… pic.twitter.com/EdlZPnUMpw — Magic (@magic_labs) May 28, 2024 Magic and Tezos to Strengthen Existing Partnership The new integration…
CryptoPunks, backed by the Yuga Labs team, relaunched with a new NFT collection that turned out to be a complete failure. Table of Contents The “stupidest idea” and the killers of CryptoPunks Yuga Labs will abandon the CryptoPunks brand CryptoPunks before Yuga Labs and purchasing copyrights Yuga Labs has created a new collection of non-fungible tokens (NFTs) called Super Punk World, with 500 NFTs as three-dimensional figures that “blur the lines of race and gender.” The idea is to erase the boundaries between race and gender and rethink the essence of virtual and real identity. Super Punk World is a…
At spot rates, Ethereum prices have been edging lower, recently even retesting the immediate support at $3,700. Even though the coin is still hovering around this level, optimism is high that it will spike higher in the coming days. Ethereum Whales Are Now Accumulating Cementing this outlook, one analyst, citing on-chain events, notes that a bullish narrative may be unfolding. Pointing to the sharp increase in Ethereum addresses controlling over 10,000 ETH, the analyst is now convinced that investors are through with their distribution and are not accumulating, expecting more price gains. ETH whales accumulating | Source: @ali_charts via X…
The crypto coterie in Argentina plans to set up a blockchain valley in Buenos Aires as a part of its Crecimiento movement, with a following of 500 individuals. The coterie consists of all the eminent players within the country’s ecosystem. Some of these notable figures include Diego Guitérrez, who co-founded Bitcoin Layer 2 Rootstock; Marcelo Cavazzoli, who is both the CEO and co-founder of Lemon Cash, a leading crypto purchasing app in Latin America; and Elian Alvarez, who is a general partner at Ripio Ventures. Above all else, Crecimiento’s core team has the support of advisors to the country’s new…
DeLorean, the automaker known for the iconic DMC-12 sports car from “Back to the Future,” announced Thursday that it will launch a marketplace with crypto payments company MoonPay, letting customers trade their manufacturing reservations on-chain. The new platform, developed in partnership with Otherlife—a Web3 creative agency acquired by MoonPay—will allow DeLorean enthusiasts to buy, sell and trade vehicle reservation build slots using blockchain technology. If this sounds familiar, that’s because DeLorean previously announced a similar plan back in 2022 with crypto startup NFT IQ. At the time, DeLorean said that it would offer tokenized reservations for cars that would be…
TL;DRThe Ethereum user/developer/investor experience is high friction right now, but the ecosystem has enough inertia to not only get past it, but to fix it. Full StoryUp until the Ethereum ETF’s were approved, the ETH price had been copping a lot of flack for being sluggish.We’re not about to jump on that band wagon.But we’ve been trying to make sense of why ETH has had such a slow start to this bull run, when compared to other projects… Here’s where we ended up:All crypto projects succeed based on their appeal to investors, users, and developers.Over the past year or two…
US ETH ETF could attract less capital flows compared to US BTC ETF products The analyst based his projection on ETH vs. BTC futures ETFs and Silver vs. Gold. The much-awaited launch of US spot Ethereum [ETH] ETF (exchange-traded funds) may struggle to replicate the success of the Bitcoin [BTC] ETF. According to Bloomberg ETF analyst Eric Balchunas, the much-hyped spot ETH ETFs might grab about ‘20%’ of the BTC ETF’s market share. Part of Balchunas’ analysis read, “I’d at least divide by 5 when it comes to expectations around the Ether spot ETFs re-flows/volume/media/everything relative to spot bitcoin ETFs.…
Square Enix, the video game giant behind the Final Fantasy and Kingdom Hearts franchises, is adopting another Ethereum scaling network for its Symbiogenesis blockchain game. The publisher announced early Thursday that its next NFT character mint for the story-driven game will take place on Ethereum layer-2 network Arbitrum, shifting gears after the first wave of characters was minted on the Ethereum mainnet. “For Chapter 2, we’ve adopted Arbitrum, reducing the gas fees to about 1/1000 of the previous cost (around 1.3 yen per bid),” the official Symbiogenesis account tweeted. While the earlier character NFTs were minted on Ethereum, all other…
