Author: admin

NFT According to Quaison Carter, the co-founder and CMO of the location-based NFT platform Lostworlds, non-fungible tokens (NFTs) are still not widely used due to what he called “user friction.” Carter, however, insists that the value of NFTs will persist for “as long as there are communities willing to use them.” The Role Played by PFP Communities Concerning the process of onboarding users, the Lostworlds co-founder suggested making this simpler and making sure the user does not spend time trying to understand how they can become NFT holders. When asked about the challenges associated with location-based NFTs such as location…

Okay Bears, a Solana-based NFT collection, has announced a partnership with a global health organization (RED) to release new merchandise to help fund international health efforts. The collaboration is a significant step towards using NFTs for philanthropy and tackling crucial global issues. The collection will feature hoodies, T-shirts, and wristbands with (RED) branding, with a portion of the proceeds donated to The Global Fund to Fight AIDS, Tuberculosis, and Malaria. Just announced at @NFT_NYC: We’re collaborating with @okaybears, a digital collectibles brand and Web3 community on a limited-edition collection of (OKAY)ᴿᴱᴰ merchandise (and more to coming later this year ????) #NFTNYC2023https://t.co/oK8szQGZTQ…

NFT In this article we discuss a sad story in which the protagonist is a famous NFT trader, specifically of the famous Bored Ape (BAYC). After falling victim to a $4 million scam, the unfortunate user was forced to put most of his Bored Ape up for sale to repay a debt incurred in DeFi. The estimated loss amounts to more than 2,000 ETH. Let’s see the details of this affair together. An NFT trader puts much of his Bored Ape up for sale to repay a debt How many Bored Ape NFTs were sold by Franklin? A story that…

NFT Right after the acquisition of Refinable by Artifact Labs, the three-phase process for the complete closure of the NFT trading and creator platforms gets kicked off. Artifact Labs, which happens to be actively engaged in preservation as well as bridging and archiving the past on the blockchain, will now be seen to be utilizing Refinable’s technology in terms of the next stage in its development. Simultaneously, the three-phase process for the final closure of Refinable will be set in place and commence with immediate effect. The first phase will see the cessation of Creator Suite credit card subscriptions. In…

Blockchain BNB Chain, the blockchain developed by crypto exchange Binance, updated its Red Alarm list to include 191 high-risk projects and decentralized applications (dApps) currently hosted on the blockchain. BNB Chain’s Red Alarm list — which gets updated every Friday — includes projects and DApps that are deemed risky investments purely based on smart contract assessment. The 191 new projects on BNB Chain that have been added to the list are either suspected of issuing fake tokens, high or opaque tax fees or simply because their websites or Twitter handles don’t work. A snippet of the risky projects on BNB…

Blockchain Blockchain technology needs a benchmark communications standard that can be easily integrated by every network in order for a complete transition from Web2 to Web3 to occur, industry commentators say. Many expect there will be multiple blockchains and such an ecosystem requires communication protocols similar to the Transmission Control Protocol/Internet Protocol (TCP/IP) used on the internet. Ryan Lovell, director of capital markets at crypto price oracle solutions firm Chainlink Labs told Cointelegraph that blockchains without interoperability are like what computers are without the internet — isolated machines which cannot transfer data and value across networks. “To realize a fully…

Truth Labs, the company behind the infamous ‘Goblintown‘ NFT collection has once again courted controversy on the blockchain. This time switching out the artwork on its flagship NFT project in order to make a statement about creator royalties.Goblintown recently sent shockwaves through its community when it altered its artwork to a single-fingered salute to those circumventing creator royalties. The shocking move was accompanied by a sarcastic statement that read, “Fuck royalties. Fuck supporting building and creatives. Flipping is the heart of what makes Web3 special. Honor the flipper, fuck the community. Long live the slow rug.”Starting today, metadata for all @goblintown,…

As the gaming world continues to evolve, Zilliqa has stepped up to challenge industry giants like PlayStation, Microsoft, and Nintendo with their innovative Web3 gaming console. This cutting-edge device merges Web3 components with a familiar gaming experience, setting the stage for a new era in gaming.A Glimpse into Zilliqa’s Web3 Gaming ConsoleZilliqa recently unveiled the sleek prototype of their groundbreaking console. The full specifications are yet to be revealed, but the company has emphasized seamless integration of Web3 elements. For instance, the console includes a built-in miner and a crypto wallet. Zilliqa’s first blockchain game, Web3 War, is also part of their…

NFT Is the NFT art scene big enough for two Western-themed art styles? A recently-launched NFT collection titled “Outlaws” has some collectors saying its creative approach treads a bit too close to the work of artist Jeremy Booth. A collection of 10,000 profile picture (PFP) NFTs, Outlaws’ public mint took place last Wednesday where collectors could mint the digital collectibles for 0.05 Ethereum each. They have since sold out, and on OpenSea, the cheapest Outlaws NFT currently goes for 0.067 Ethereum, according to the marketplace’s website. Describing it as a moral grey area, one self-described NFT artist named Sadboi said…

UFC superstar, Henry Cejudo, has teamed up with Zed Run to launch an incredible racing giveaway. Up until April 21, fans of the three-time champion, popularly known as Triple C, can compete to win two floor seat tickets for the upcoming UFC 288 event. More importantly, the two lucky winners will also get a chance to meet and greet the champion in person.The event will take place on May 6, 2023, where Cejudo will face Aljamain Sterling at the Prudential Center in New Jersey. Sterling will look to defend his bantamweight belt against the two-time division champion, who also holds…