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A trio of studies published in November may shine some light on the social and psychological factors that motivate movement in the non-fungible token (NFT) market. Researchers from Western University in Canada, Tilburg University in the Netherlands, the University of North Carolina at Chapel Hill in the U.S., and Rennes School of Business in France, across three independent studies, found that personal experiences and luck, along with asset scarcity and consumer optimism, were catalysts for the majority of market movement in the NFT space. NFT market movement In a study conducted by Guneet Kaur Nagpal of Western University and Luc…

A major lawsuit has been filed by Shrapnel’s game studio, Neon Machine. At the core of this conflict are claims of a hostile takeover by the company’s leading shareholder and the CEO of 4D Factory, Cort Javarone, who’s under scrutiny for ousting the CEO, Mark Long.Making matters worse, Javarone is reportedly refusing to release equity to additional stakeholders, a move most commonly made to maintain a controlling stake within the company. The investors suffering losses include those that injected $20 million into Shrapnel last month, like Griffin Gaming Partners and Polychain Capital. Staying positive during this moment of turmoil, Shrapnel asserts…

Automation of Renewable Energy Certificate transactions drives global sustainability. The collaboration between EDF, REDEX and Rekursive Labs sets a transparent standard in renewable energy. In a significant milestone for the energy industry, Électricité de France (EDF), a world leader in electricity production and the largest generator of renewable energy in Europe, has joined forces with REDEX and Rekursive Labs in a groundbreaking project. This effort, backed by a proof-of-concept (POC) analysis, uses Hedera’s distributed ledger technology (DLT) to automate Renewable Energy Certificate (RECs) transactions, marking a new chapter in the quest for efficiency, transparency and sustainability in the $19 billion…

Base, a layer-2 scaling solution for Ethereum, has generated over $10 million in revenue since its launch in August 2023. The platform averages over 1 million monthly active users, indicating its growing popularity and user engagement. Base, a layer-2 scaling solution built on the Ethereum network using Optimism’s technology stack, has achieved a significant milestone. Since its launch in early August 2023, Base has amassed over $10 million in cumulative revenue, marking a notable achievement in the ever-evolving landscape of blockchain technologies. Rapid Growth and User Adoption Erick Smith, the Chief Investment Officer of 401 Financial, highlighted this achievement on…

The Context Bware Labs delivers a powerful blockchain infrastructure built to meet the challenges of Web3. The company aims to play a major role in blockchain adoption worldwide, offering a growing ecosystem of products designed for successful Web3 innovation. Bware Labs’ flagship product – Blast – is one of the world’s fastest blockchain API platforms. Using hundreds of globally distributed third-party node providers, Blast offers instant access to the most relevant networks in the blockchain space, enabling Web3 developers to meet their infrastructure needs and start building in just a couple of clicks. Other products in the Bware Labs ecosystem…

The XRP Ledger has enabled a new update for NFTs as the “fixNFTokenRemint amendment” is now active on the mainnet. This is the second amendment to be activated in days; the fixReducedOffersV1 amendment was activated on the mainnet over the weekend. The “fixNFTokenRemint” amendment adds a new field, FirstNFTSequence, to prevent reminting. This is done by altering the way NFT sequence numbers are generated to prevent the same NFT from being minted more than once with the same sequence number, potentially resulting in a collision scenario. The update modifies the NFT sequence number construction to produce a new AccountRoot field,…

10101.art has unveiled a distinctive Banksy art sale, where each NFT is uniquely linked to an actual piece of Banksy’s artwork. This approach aims to set a new standard in integrating digital and physical art forms, diverging from past practices of digital-only Banksy representations on the blockchain.Banksy’s Rising Popularity and the NFT Market BoomBanksy’s artwork has earned widespread acclaim for its provocative, politically charged themes, as well as its strong performance in the art market. In June 2021, the average annual sold price for Banksy prints reached £64,794, showing the high levels of interest in the artwork. Source 10101artAdditionally, his first…

The roadmap for opBNB paves the way for heightened performance for the layer-2 blockchain developed by BNB Chain. OpBNB’s transaction count crossed the 20 million mark last week. BNB Chain developers are looking to more than double the transaction speed and slash network fees by 90% as part of a new technical roadmap for layer-2 network opBNB, a representative shared with CoinDesk over email. The increase will take processing to 10,000 transactions per second (TPS) from around 4,000 and cut the cost to $0.0005 within six months, according to the plan. The first fee cut, to $0.001 from $0.005, is…

Trading-focused Layer 1 blockchain Sei SEI + will add support for the Ethereum Virtual Machine (EVM) in its upcoming version 2 (V2) upgrade. This will enable developers to port Ethereum-based contracts over to the network and use them on it. To add this feature, Sei V2 will incorporate Geth, a Go implementation of the Ethereum Virtual Machine. Geth is the most widely used Ethereum client software. Sei Labs told The Block that it has developed a specialized interface to facilitate interaction of Sei’s existing smart contracts component (based on CosmWasm technology) with the EVM component. CosmWasm is a custom Cosmos…

Crypto investment platform Republic will list its profit-sharing digital asset, the Republic Note, on the Avalanche Blockchain via the US-regulated trading platform INX. The Note listing will be available to KYC’ed non-accredited and accredited investors worldwide on Dec. 6. According to David Shack, the head of marketing at Republic, the Republic Note is backed by over 750 private companies and assets in Republic’s portfolio, including SpaceX, Dapper Labs and Klarna, just to name a few. “This means that companies that have raised capital on Republic’s retail investment platform or from Republic Capital (our venture arm) become part of the Note…