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Blockchain HashQuark, a prominent entity offering Web3-related infrastructure services, has announced that the SSV DAO has offered it a grant. The purpose of the respective grant is to develop a PoS-based liquid-staking solution for the institutions. The collaboration indicates the mutual dedication of both parties to advance security and decentralization in the staking ecosystem of Ethereum. SSV DAO Offers a Grant to HashQuark for Liquid Staking Solution to Facilitate Institutional Clients In addition to this, HashQuark stated that the respective collaboration is focused on the establishment of a network devoted to supporting the staking’s future. The renowned expertise of HashQuark…

NFT Several popular nonfungible token (NFT) collections have seen their floor prices tumble this year. Moreover, the NFT boom of previous years has failed to gain any traction in 2023. NFT markets are in the doldrums. While crypto markets have gained 40% since the beginning of the year, the same cannot be said for NFTs. NFTs and Digital Collectibles Losing Their Shine Furthermore, some of the biggest and most popular collections from last year have struggled this year. On May 22, industry influencer and observer ‘HashBastards NFTs’ revealed how much some of the top NFTs have fallen. The Doodles collection…

In a surprising turn of events, Pudgy Penguin’s latest venture into the world of physical toys has taken the e-commerce giant Amazon by storm. The launch of their NFT-inspired toys sparked massive interest and ignited speculations about a potential resurgence for the NFT market.Within the first two days of the launch, Pudgy Penguin’s toy collection garnered an astounding $500,000 in purchases, surpassing all expectations. More than 20,000 individual toys were sold, solidifying the project’s CEO Luca Netz’s belief that Pudgy Penguins can transform the space and attract millions of new users to the Web3 ecosystem.NFTs and Web3 AdoptionNetz has been…

NFT Lawyer Mike Kanovitz, a partner at Loevy & Loevy, took to Twitter on May 20 to state that a “settlement demand letter has served as an NFT” to the wallet address associated with the alleged influencer. Kanovitz alleged that Ben.eth “used a manipulative launch strategy” over how the Liquidity Pools (LP) were structured and the way that the tokens “trickled out” on the recent presale for his token $PSYOP. Shortly after the accusation, Ben.eth tweeted that 50% of the tokens have been sent out and “the rest will be sent in short order.” SO FAR, 50% OF $PSYOP PRESALE…

NFT A nonfungible token (NFT) influencer got served with a settlement demand via NFT, which casually dropped the F bomb several times and alleged the influencer engaged in wire fraud at a minimum on a recent $7 million token presale. Lawyer Mike Kanovitz, a partner at Loevy & Loevy, took to Twitter on May 20 to state that a “settlement demand letter has served as an NFT” to the wallet address associated with the alleged influencer known as ‘Ben.eth,’ whose real identity remains undisclosed. He alleged that Ben.eth “used a manipulative launch strategy” over how the Liquidity Pools (LP) were…

NFT With the launch of its new “Phygital” Toy Collection & Experience on e-commerce giant Amazon, the popular NFT collection Pudgy Penguins saw explosive interest and sales. We’re thrilled to release the community-licensed, first-edition Pudgy Toys to the world. Purchase Pudgy Toys here and adopt your Forever Pudgy Penguin now: https://t.co/WODTtasf3d pic.twitter.com/F2h77P3Eid — Pudgy Penguins (@pudgypenguins) May 18, 2023 According to project CEO Luca Netz, Pudgy Penguins saw over $500,000 in purchases over the first two days, surpassing 20,000 individual toys sold. Across several Twitter Spaces yesterday, Netz said the team’s thesis is that “they want Pudgy penguins to win…

NFT DIBA, the first Bitcoin NFT marketplace utilizing RGB smart contracts, has officially launched on mainnet. According to a press release sent to Bitcoin Magazine, the platform also introduces BitMask, an exclusive Bitcoin-only wallet capable of storing unique digital assets (UDAs) such as music and art. The UDAs will be hosted on high availability storage and cloud services provided by Hut 8, a publicly traded bitcoin miner in North America. DIBA aims to bring Bitcoin utility to the masses by enabling the exchange of UDAs on a decentralized and censorship-resistant network. Notable bitcoin investors, including Tim Draper of Draper Associates…

NFT Entrepreneur Gary Vaynerchuk’s annual VeeCon conference is underway this week, and the core mix looks familiar: panels and interviews featuring notable celebs, creators, and business leaders paired with concerts and activities, all set within a Midwestern NFL stadium. But this year’s move from Minneapolis to Indianapolis comes with another change, Vaynerchuk told Decrypt: an expanding focus that’s less centered on NFTs and Web3. In particular, he said via video call, he’s hyped about the rise of A.I. tools and their impact on business and creators. Last year, Vaynerchuk described VeeCon to Decrypt as a “summer camp” of sorts, designed…

NFT NFTs belonging to the bankrupt crypto hedge fund Three Arrows Capital (3AC) have been sold by Sotheby’s in New York. In an auction on Friday, the first lot of 3AC NFTs sold for a total of over 2,482,850 USD. The funds will be used to help repay the company’s creditors. Cryptopunks and BAYC NFTs Among Three Arrows Collection Prior to filing for bankruptcy in July 2022, 3AC had amassed an impressive collection of NFTs. In February, the insolvent fund’s liquidator, Teneo, published a full list of the non-fungible tokens that it intends to sell. Items the fund held include…

Gala Games completed their GALA token migration. This moves the token to a new contract which will be more compatible with Gala Games’ plans for the future, and with their upcoming GRYI blockchain. Along the way, the team also decided to burn over 20 billion tokens, severely reducing the number of tokens they control! If you had your GALA tokens on an exchange or in your wallet, then then transition should be a seamless experience for you (though apparently there is still some issue with Coinbase). If you hold GALA v1 tokens in an LP pool, then you missed your…