Author: Crypto News Live

Web3 publishing app Mirror is being acquired by Paragraph, a competing platform. Mirror’s team will continue to operate independently and will shift its focus to developing “Kiosk,” a Web3 social app based on Farcaster that blends blockchain and e-commerce. Mirror and Paragraph will eventually merge into a single, unified product suite according to Paragraph’s founder. Paragraph, the company behind a suite of blockchain-based publishing tools, has acquired Mirror, its biggest competitor in the Web3 creator space. The Mirror team will continue to operate as a separate company but is pivoting to focus exclusively on Web3 social media. The team’s main…

It’s not much of a secret: When NFTs broke out as a coherent asset class in 2021, their value proposition was, chiefly, rampant speculation. Since then, NFT projects have spent untold millions attempting to pivot their brands towards more serious-sounding, sustainable futures; most opted to go all-in on the ephemeral, provocative concept of intellectual property, or IP. It has never been resolved, however, what exactly IP means in such a context, nor to what extent NFT projects can bestow IP rights onto their holders. Those unanswered questions bubbled back to the surface this week, when Yuga Labs—the multi-billion dollar company…

Investments worth $30 million were allocated to Ethereum products. Bitcoin registered outflows, but ETH’s price might drop. For the fourth consecutive week, digital asset investment products recorded more outflows than inflows. Coinshares, the leading asset manager, made this known in a post dated the 7th of May. In total, the outflows were worth $251 million with Bitcoin [BTC] accounting for $284 million. However, Ethereum [ETH] was able to reduce that number after it registered inflows worth $30 million. ETH comes out from the shadows This was the first time in seven weeks that Ethereum had inflows. However, AMBCrypto observed that…

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Web3 gaming has always been a polarizing feature within the blockchain space—a polarizing industry in its own right. Its rise and fall, in many ways, mirrored the broader crypto industry’s transition from boom to bust between 2021 and 2022. But as crypto demonstrates steady growth and defi gains further traction, few expected web3 gaming would be more than an insignificant niche sector. You might also like: How can blockchain projects give each other a helping hand? |…

Heroes of Mavia launched their Ruby Marketplace this week, opening up the way for the trading and minting of cosmetic skins directly within the game! And though currently this marketplace is only available in-game and only accepts Ruby tokens as payment, the Heroes team has plans to build a web-based marketplace as well. A new feature rolled out to Heroes of Mavia this week, an in-game marketplace that allows for player trading of NFTs and the minting of new NFT skins! Known as the Ruby Marketplace, this in-game trading and minting hub brings a new feature to the game and…

U.S. BTC ETFs saw $156 million in outflows last week amidst market drawdown.  GBTC saw inflows for two days straight as markets improved.  The new U.S. Bitcoin [BTC] ETFs saw $156 million in outflows last week, but that seems to change as Grayscale’s GBTC bleeding comes to an end.  According to the CoinShares report, last week’s outflows were significant as the BTC price dropped below the average buying price of the ETF issuers. The report mentioned that automatic sell orders could have spiked last week’s BTC drawdown.   “We estimate the average purchase price of these ETFs since launch to be…

Susquehanna International Group, a behemoth in asset management with a trading volume handling numerous financial products globally, has made a substantial investment in Bitcoin through various exchange-traded funds (ETFs). A disclosure to the Securities and Exchange Commission (SEC) on May 7 revealed that Susquehanna held approximately $1.2 billion in spot ETFs during the first quarter of 2024. The Bitcoin ‘Monster Whales’ Are Here The details of the investment are particularly notable for their scale and diversity. Susquehanna now holds 17,271,326 shares in the Grayscale Bitcoin Trust (GBTC), which alone is worth approximately $1.09 billion as of March 31, 2024. This…

The University of Miami (UM) has taken a step in revolutionizing education and professional conferencing by implementing UMverse. This initiative integrates emerging technologies into its learning and research environments. In partnership with ENGAGE, a SaaS Enterprise spatial computing platform, UM has hosted a conference on applying Virtual Reality (VR) and Augmented Reality (AR) in healthcare. UMverse: Redefining EducationRecently, Engage teamed up with the University of Miami to host an innovative conference, in partnership with the Virtual Reality/Augmented Reality Association (VRARA). The conference, attended by nearly 100 professionals, focused on how immersive technologies like Virtual and Augmented Reality are being used in…

This key decision underlines ZettaBlock’s commitment to providing developers and business organizations access to diversified blockchain data. It is an elegant addition to the Sui Ecosystem technology transformation. The Sui blockchain became a topic of discussion due to innovative data and asset-themed architecture. The smart feature of the Sui ecosystem is that it empowers Web3 applications in an unimaginative style. ZettaBlock is armed with a mission of accelerating innovation within this rapidly transforming system. Developers and business establishments can integrate Sui data into their applications, data warehouses, and analytics systems. According to a top-level executive of ZettaBlock, the new step…

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Since their inception, non-fungible tokens have taken not just the art world by storm but the wider public consciousness as well. From mere digital collectibles selling for a few dollars, NFTs have burgeoned into multi-million dollar assets with diverse utility, signifying an emblematic revolution within the landscape of digital ownership and creation. However, amidst this backdrop of rapid growth and innovation, each evolutionary step exposes a need for standardization, and this is where ERC-404 comes to the…