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Ether, and crypto broadly, have posted gains of more than 10% since the start of the year, while NFT prices are trailing. Stakeholders and analysts say utility and technological development are needed to bring growth Crypto is inching toward bull-market territory, but non-fungible tokens (NFTs) have failed to benefit from the market euphoria. While ether (ETH) is up approximately 70% year-to-date, NFT valuations aren’t following. Nansen’s NFT-500 index, which measures the valuation of the top 500 NFTs, has dropped 50% year-to-date when denominated in ether and 16% in dollar terms. The Blue-Chip 10 index, which measures the valuations of the…
What is the replace-by-fee (RBF) policy? The Bitcoin network’s replace-by-fee (RBF) policy enables users to replace pending (unconfirmed) transactions with new ones with higher transaction costs. The RBF policy was proposed in BIP 125 and introduced as a feature in the Bitcoin protocol with the release of Bitcoin Core version 0.12.0, which was released in February 2016. This feature provides flexibility to users who wish to speed up their transactions or modify the fee in reaction to network constraints. On Nov. 23, 2023, a Bitcoin user made a transaction at 9:59 am UTC, paying an exceptionally high transaction fee of…
Hedera has announced that it will assist EDF, REDEX, and Rekursive Labs in leveraging its potential pertaining to proof of concept, further helping them to automate the issuance and redemption of RECs, Renewable Energy Certificates which represent one’s power consumption. RECs work on a simple principle of tracking the power consumption against renewable energy. The market, in its overall essence, is worth approximately $19 billion. Utilizing PoC is expected to revolutionize the segment by making the market more transparent and efficient. As for individuals, securing the REC is a tag that clarifies to the entire market that their power consumption…
New Look partners with TrusTrace for blockchain traceability, advancing sustainability goals. Collaboration targets reducing carbon emissions and enhancing transparency in the fashion supply chain. TrusTrace’s open platform integrates with stakeholders, offering detailed insights for sustainable practices. In a significant move towards sustainable practices, UK fashion retailer New Look has joined forces with blockchain traceability startup TrusTrace. As part of New Look’s ‘Kind to our Core’ initiative promoting responsible sourcing, the partnership aims to enhance transparency in the fashion supply chain. ????️ UK fashion giant New Look takes a stylish leap towards sustainability with #Blockchain! Teaming up with #TrusTrace, they’re revolutionizing…
Prominent esports organization Team Liquid has announced an exciting collaboration with the NFT game Illuvium, which is currently in early access. This partnership marks a significant step in bridging the worlds of esports and blockchain gaming, highlighting the increasing adoption of new technologies in the global gaming industry.Team Liquid’s Involvement in Illuvium’s PVP DevelopmentAs part of the collaboration, Team Liquid will be heavily involved in testing and advising on the player-vs-player (PVP) aspect of Illuvium, specifically focusing on the game’s turn-based creature autobattler experience. With their wealth of expertise in the competitive gaming scene, Team Liquid hopes to refine and…
Frank DeGods recently announced the termination of the points system across y00ts and DeGods. The discontinuation is rooted in recognizing that the system is not viable for supporting future developments in a constantly evolving digital landscape.The Points Parlor InitiativeAccording to the announcement, the Points Parlor initiative envisioned to award value through sponsorships, needed to be revised. Its fundamental shortcoming lay in its dependence on a luck-based reward system, which brewed dissatisfaction among the community members.Despite the termination of Points Parlor, Frank DeGods maintains an optimistic outlook. He expressed openness to sustainable alternatives that could provide a workable solution for the…
Sony and Microsoft, two of the biggest names in gaming, have been making significant moves towards blockchain technology in recent years. This is an important development, as it has the potential to not only revolutionize the gaming industry but it could be the Trojan horse that makes blockchain a mainstream possibility. Sony has filed a patent for a system allowing players to transfer digital assets between PlayStation titles using blockchain technology. This would enable unified progress and asset ownership across different games rather than having assets locked to individual games. Sony has also explored tokenizing in-game assets, allowing players to…
Blockchain protocol Algorand (ALGO) has expanded its footprint in India by securing new partnerships with NASSCOM, India’s trade body and chamber of commerce for the tech industry, TiE Bangalore, a global venture supporting entrepreneurs, and the Mann Deshi Foundation which supports India’s first rural bank for women. Earlier this year, the Algorand Foundation branched into India with its initiative called AlgoBharat. The word Bharat represents the nation of India. At the time, Algorand partnered with Self Employed Women’s Association (SEWA) to support women-led enterprises building blockchain solutions and with Jawaharlal Nehru Technological University and the Indian School of Business to…
With the official launch of their token, CRDS, Cradles begins a series of special events designed to reward those who hold and/or stake CRDS tokens! And best of all, players can acquire CRDS tokens by playing the game and finding or mining special ore crystals! Cradles slid into open beta a couple of months ago, bringing their dinosaur-themed MMO to the web3 world. They recently also launched their game token CRDS, and are now offering holders a chance to earn rewards by holding or staking their tokens! The Hold event begins on November 29th and runs through December 2nd. During…
When TinyTap introduced the concept of Publisher NFTs, it aimed to use it to support content creators in the line of education and publishing. Animoca Brands announced that Season 2 of its Publisher NFTs surpassed all expectations, having already sold out. It shared this in a recent announcement, revealing that the sale of all 720 Publisher NFTs brought in 538,560 EDU tokens in total. That is approximately $315,517, at the time of sale. The sale follows a November 2022 announcement when Animoca revealed that it had sold out of the first batch of six TinyTap Publisher NFTs. In total, the…
