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The recently minted Bitcoin Frogs NFT collection is shocking the digital art market. Launched just months ago, these “cryptographic amphibians” claimed the top spot as the most-traded collectibles, continuing to override renowned OG NFTs like the ever-so-famous Bored Apes.Showcasing an ongoing frog trend, Space Pepes has just taken over the pole position, but fear not — the future of Bitcoin Frogs remains bright. Representing 10,000 frog-inspired digital collectibles and launching on the Bitcoin Ordinals platform in late February, Bitcoin Frogs have a total sales volume of $7,530,033.19 (278.2482 BTC) in May alone. Currently, the average sale price for a Bitcoin Frogs NFT hovers around the $3k…
Blockchain Chainlink is a web3 services platform and a decentralized Oracle network. On Saturday (May 20), the protocol joined forces with Arbitrum, an Ethereum layer two scaling solution, to reveal the launch of Chainlink VRF (Verifiable Random Function) on Arbitrum One. Chainlink VRF is Now Live on Arbitrum Onehttps://t.co/RWrA7KAexJ#blockchain #dAPPs #smartcontracts #bitcoin #ETH #BNB #Stablecoins #DeFi #XRP #XDC #XLM #ADA #DAO #investing #staking #mining #ALGO #SHIB #NFT #Metaverse — Elo Bwana (@elobwana) May 20, 2023 That will offer developers access to a widely-recognized random number generator (RNG). Arbitrum Foundation and Chainlink will host a VRF workshop on 22 May. Arbitrum…
Blockchain Cloud storage has revolutionized the way we store, access and share data. It has evolved into a vital resource for both individuals and companies because of its many benefits, including scalability, accessibility and cost-effectiveness. However, it is crucial to use cloud storage wisely if one wants to fully realize its potential. This article provides some strategies on how to maximize the benefits of cloud storage and improve the user experience. Choose the right cloud storage provider Effective cloud storage usage is essential to making the most of this technology. Choosing the best cloud storage service is one of the…
3. The rise of NFTs in gaming and the metaverse: From CryptoPunks to Axie Infinity Ethereum introducing a set of token standards facilitated the steady movement of NFTs toward the blockchain. The token standard informs developers how to deploy new tokens. The success of the Rare Pepes was followed by Larva Labs, a software development company that launched CryptoPunks, its own generative series of NFTs, created by John Watkinson and Matt Hall. Inspired by London punk culture, the project has 10,000 unique pieces, with no two characters resembling each other. CryptoPunks became a huge success and was the foundation of…
Blockchain Light V3, the zkLayer is now live on Solana. Private Solana Programs (PSP) is made ready to get started. The Light Protocol team finally enabled the Light V3, the first ever zero-knowledge Layer (zkLayer) on Solana, the blockchain platform. It is referred to as PSP (Private Solana Programs). Today, the launch has taken place after several months of building the next generation of Light Protocol. This supports the developers to build anything with the help of the Solano blockchain. For example, faster and more effective private payments, booking orders with encryption, and public on-chain games with the private state.…
NFT NFT smart contracts are digital agreements that use computer code to enable the creation, ownership, and transfer of non-fungible tokens (NFTs) on a blockchain ecosystem. Without them, NFTs wouldn’t exist. They are the backbone of an industry that’s worth billions of dollars, and they play a fundamental role in keeping the NFT ecosystem secure and transparent. NFT smart contracts are not so different from regular smart contracts regarding their underlying technology —the difference lies in their functionality. Let’s wind back and have a quick refresher of what smart contracts are, then we’ll see how they apply to NFTs and…
NFT Sotheby’s on Friday concluded its sale of several rare non-fungible tokens (NFTs) seized from bankrupt crypto hedge fund Three Arrows Capital (3AC) expansive collection, bringing in $2,482,850 to recoup some of the lost funds. The auction house launched its multi-part sale featuring NFTs from the Grails collection, formed as part of 3AC’s asset portfolio primarily in 2021. The Singapore-based hedge fund filed for bankruptcy in July. Teneo, 3AC’s liquidator, published a notice in February outlining its intent to sell an expansive list of NFTs estimated to be worth millions. Sotheby’s refers to the contents of the Grails collection as…
NFT Recently, Ben.eth, the founder of the PSYOP token, has been surrounded by controversy for handling the presale. In a letter sent via NFT, a law firm known as Loevy & Loevy, sent a letter via NFT demanding that Ben.eth refund all presale buyers or face a class-action lawsuit. The letter accuses him of intentionally misleading buyers and reneging on promises. It also warns of potential legal consequences, including wire fraud and treble damages. And, to be clear, the term “fuck up” is overly generous to you. There is every reason for a jury to find that you intentionally misled…
Exchange The international regulatory environment for cryptocurrency is improving, and the company is eyeing a retail expansion on the continent, Bakkt chief product officer Dan O’Prey said. On the whole, O’Prey saw positive long-term trends. Speaking to Cointelegraph’s U.S. News Editor, Sam Bourgi, at Bitcoin 2023, O’Prey described Bakkt as prioritizing its role as a “B2B2C” company for the past two years. As such, it has seen “a significant portion of the major institutional interest” focused on Bitcoin (BTC), in spite of the aftermath of the collapse of cryptocurrency exchange FTX. He said: “We saw last year a lot of…
NFT Americana, a crypto-native NFT trading platform that bridges digital collectibles to real world assets, hit the market on Friday. A confidential marketing deck obtained by Blockworks teased a number of Americana partnerships brewing — including a deal with a prominent, undisclosed fine art auction house. The US crypto startup is kicking things off with what it’s categorizing as a beta phase — building off of a $6.9 million seed raise in May 2022. Its valuation was not disclosed. Led by CEO Jake Frey, who has worked in design roles for Apple and Twitter, Americana is now in the process…
