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NFT This week, Ordinals moved further into the mainstream after leading cryptocurrency exchange Binance announced that it would soon add support for the Bitcoin-based non-fungible tokens (NFTs) in its marketplace. Meanwhile, Miladys, the eerie, wide-eyed NFT project that has spawned a cult following, saw a brief spike in its floor price after Elon Musk tweeted out a meme featuring an avatar from the collection. Plus, digital asset custodian Aegis Custody is offering free custodial services to women for six months, worth a total of $28,000, in order to make it easier for women to join Web3. Binance dives into Bitcoin…
NFT Fractional NFT project Tessera and its sister project Escher will shut down over the coming weeks, after the Paradigm-backed company said its financial situation and economic model would make it hard to become profitable. “We spent a long time carefully analyzing possible market scenarios, our company structure, and our financial situation, and decided that this was the best choice for our team and investors,” co-founder Andy Chorlian wrote on Twitter. “As we really dug into the economic model for Escher, we saw that the targets we needed to hit to attain profitability – compared to the time and resource…
Blockchain With the new integration, users of cloud-based digital enterprise resource planning (ERP) solutions will be able to leverage the disruptive power of blockchain for data logistics. Flare (FLR) teams up with Rationarium, leading vendor of ERP instruments According to the official statement shared by Flare Networks, a novel EVM-based Layer 1 blockchain, it has inked a long-term strategic partnership with Rationarium, a London-headquartered SaaS accounting service focused on blockchain and Web3 companies. With the new partnership inked, the Flare (FLR) protocol team will utilize Rationarium’s solutions for managing grants, accounting and finance, tax, HR, expense management and payroll. Rationarium…
Blockchain Crypto has a bad reputation. There are many other reasons why, but I think this bad rep often comes from crypto being misunderstood, both by its critics (haters?) and fans (cultists?). These misunderstandings often arise from half-truths used as marketing material to promote the technology that ends up being taken at face value. One such misunderstanding is the idea that blockchains are “immutable.” I was recently at a conference where most attendees I spoke with were crypto skeptics. A fairly regular pushback I heard was that immutability was bad and because blockchains are immutable, this is not a good…
NFT Electronics firm LG is seeking patent protection for a television that enables users to trade non-fungible tokens (NFTs). The device would be able to establish a connection with an NFT market server, receive and display preview artwork and fulfil purchases via the user’s cryptocurrency wallet which would be connected to the TV. LG began its work bringing NFTs to its TVs last September with the release of its Art Lab marketplace which was plugged into Hedera Network, on which LG has been a node operator since 2020. The move to file for a patent suggests that LG sees ongoing…
The JR Kyushu Railway Company has unveiled a fascinating new route into Web3, venturing ahead with P.R.O. Co. (PRO) to debut a series of NFTs on July 23. These NFT souvenirs are designed for travelers to remember their journeys, capturing the spirit of the iconic train “Nishi Kyushu Shinkansen”, which has a lightning-fast speed of 260 km/h (160 mph).The intercity rail service in Kyushu serves more than 330 million individuals. Now, through the power of the blockchain, the company aims to strengthen connections with users and enhance customer relationships, bringing a unique use case to the world of NFTs. As…
NFT Ever wanted to own an original, signed Andy Warhol screen print? Now you can, starting at just $20… per tokenized share via a new fractionalized art platform. Also, you have to buy at least 10 shares to grab a fraction of ownership. Freeport—a platform and community gallery for tokenized fine art—is auctioning the famed pop art icon’s work as its first-ever collection. A four-piece curated set of original Andy Warhol screen prints is now available from the platform, ranging in price from about $20 to $78 per share, based on the piece. The selection includes original, signed screen prints…
Blockchain The recent shout-out from the Dubai government’s media office comes a few days after Ripple expanded into the city with a new office. The official media office of the government of Dubai has spotlighted Ripple as a key player and leader in enterprise blockchain solutions and crypto solutions. This shout-out from the government’s media office came in response to Ripple’s latest move to expand into the city with a new office. .@Ripple, the leader in enterprise blockchain and crypto solutions, is expanding its presence in #Dubai with a new office in Dubai International Financial Centre (@DIFC). Progressive regulations and…
Dune data shows that on May 11, BRC-20-related transaction (minting, transfer and deployment) fees dropped to 30 BTC, a drop of 88% from the peak value on May 8. Such fees have now fallen for three consecutive days. In addition, the transaction fees on May 11 only accounted for about 15% of all transaction fees for Bitcoin on that day. Memecoins, which have seen a surge in popularity over the past few years, are starting to take over the Bitcoin network. Meme coins like PEPE and WOJAK have clogged the Ethereum network, and new BRC-20 tokens are now affecting the…
NFT After the recent launch of the travel-focused blockchain, the Camino Network, legacy travel companies in the industry are looking towards a Web future. Cointelegraph spoke with executives at Europe-based airlines Lufthansa and Eurowings, two firms first to adopt Camino, to understand how Web3 integrations are bringing this industry into the next generation. Johannes Walter, the head of channel partners at Lufthansa Group Hub Airlines, said that he believes “decentralization and tokenization” will create opportunities for new business models and relationships, from building more direct, strategic partnerships and improving transparency to creating new revenue streams and enhancing the customer experience.”…
