Author: Crypto News Live
As Coinbase’s Ethereum layer-2 scaling network Base continues to gain steam, NFT marketplace OpenSea is gearing up to throw a spotlight on the network and its artists with the launch of “Get Based”—a series of free or low-cost digital artwork drops. Kicking off Thursday with a mint of a reimagining of the classic “Endless Summer” film artwork (seen in full below) by Carty Sewell—an artist and OpenSea employee, as well—the “Get Based” series is set to encompass works by as many as 15 artists over the summer. Weekly drops will take place via both OpenSea’s website and via frames on…
This marked a ~30% jump in price on the week, and a 219% surge in 24hr trading volume.So how did it happen?Well, the SEC just requested a bunch of spot ETF applicants to submit revised 19b-4 filings, which are what firms use to propose rule changes to the SEC, ahead of Thursday’s decision.And when last minute 19b-4 filings were requested for firms looking to launch the first ever Bitcoin ETFs, it was done just days before approvals were made.Ok, but why? All signs pointed to denial up until Monday…The assumption is: politics. Trump has been publicly endorsing crypto of late,…
Farcaster secured $150 million in a Series A round led by Paradigm. Farcaster integrated with Arbitrum amidst the Ethereum surge and ETF anticipation. Amid Ethereum’s surge beyond $3000 with a 29.05% jump in 24 hours, Farcaster, a decentralized social media protocol on Ethereum [ETH], received substantial funding. In a press release dated 21st May, Farcaster announced a $150 million Series A funding round, led by Paradigm. Other participants include Andreessen Horowitz’s a16z crypto fund, Haun Ventures, Union Square Ventures, Variant, and Standard Crypto. Farcaster founder’s remark Dan Romero, co-founder of Farcaster in an exclusive interview with the ‘Unchained’ podcast, said, …
In the evolving landscape of digital assets, the rising popularity of both gaming skins and non-fungible tokens (NFTs) has led to questions about their similarities and differences. Many wonder if popular items like CS:GO and CS2 skins are considered NFTs. This article aims to clarify these concepts, exploring how each operates within its respective market and predicting future trends.What is an NFT?A non-fungible token (NFT) is a type of digital asset that represents ownership of a unique item or piece of content using blockchain technology. NFTs are distinct because each token has unique properties and isn’t interchangeable on a one-to-one…
The purpose of Decentralized Funding protocol Polimec’s introduction is to usher in a new phase of community-funded Polkadot initiatives. Teams may issue tokens and raise funds transparently using the protocol while still adhering to regulatory requirements. The infrastructure solution for web3 developers, Apillon, is the first project to be featured on Polimec. Investors now have the chance to evaluate projects and choose which ones should go on to the Funding Round with the opening of Polimec’s first Evaluation Round. Gotem, ImpactScope, and Mandala Chain are some of the other initiatives that will be using Polimec to raise funds. Polimec links…
Speaking with crypto.news, Matthijs de Vries, CEO and Founder of Nuklai, delved into the ethical implications of AI use in the NFT sector. The onset of AI has opened up a lot of new possibilities, and one of the sectors that has leveraged this technology heavily is NFTs. From generating NFT art to enhancing verification processes, AI is becoming a pivotal tool in the decentralized digital art world. However, this rapid integration also brings about some ethical concerns. Issues such as intellectual property rights, the potential for misuse of AI-generated content, and the transparency of AI algorithms are at the…
Venture capital is crucial to any startup’s success, but it often presents barriers for retail investors. However, BasedVC and the Bored Ape Yacht Club (BAYC) are trying to change that with their new collaboration: Apes Plus, a venture capital entity, is designed by Apes for Apes, focusing on community-led investments.Addressing Funding LimitationsBasedVC is a Web3 venture capital firm that aims to address the funding limitations in both Web2 and Web3 projects. Using blockchain technology, BasedVC offers a solution to democratize investment opportunities for retail investors in approved jurisdictions. This platform aims to allow individuals to pool their funds and invest…
Titan of Crypto, a well-known cryptocurrency trader and expert, in a daring prediction that has drawn the attention of the crypto community, forecasting an impending significant rally for Ethereum (ETH) to unprecedented heights while putting his next price target for the crypto asset at the pivotal $5,300 level. The analyst’s prognosis indicates that Ethereum, fueled by favorable market circumstances and rising investors’ confidence, is poised for massive gains. This forecast comes at the heel of ETH’s recent robust price performance and increasing market optimism. Ethereum Path To Massive Rally In February, Titan of Crypto hinted at the formation of a…
Immutable has announced a strategic partnership with Spielworks, a prominent Web3 game distribution and publishing company. The collaboration aims to enhance user acquisition and engagement through Spielworks’ Web3 gaming platform, Wombat, and its well-known asset marketplace, AtomicHub.Expanding Rewards and Marketing SupportAs part of this partnership, games built on the Immutable platform will receive additional rewards and marketing support. The Main Quest—a massive Web3 gaming rewards program—will empower game developers to create more engaging experiences and push the boundaries of what is possible in the gaming industry.AtomicHub, a leading NFT marketplace and launchpad, will also play a crucial role in this collaboration.…
Meme coins are a rather unusual asset type because of their deep integration with internet culture and social media. In this article, I will take a look at what meme coins are, whether you should invest in a meme coin or not, and the top 5 meme cryptocurrencies in 2024. What Are Meme Coins? Meme coins are a unique type of cryptocurrency that has gained popularity primarily through social media and internet communities. Unlike traditional cryptocurrencies (e.g., Bitcoin or Ethereum) with well-defined technological foundations and use cases, meme coins are often created as a joke or a parody. However, they…
