Author: Jeremy Ryan

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…

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…