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The NFT market is soaring back to its highest point since May 2022.The trading of NFTs is skyrocketing upwards, according to DappRadar’s February industry report. In fact, NFT trading hit $2 Billion in February. Moreover, this represents a 117% increase from the previous month.Indeed, one of the main reasons for the spike is Blur – the new NFT marketplace and OpenSea’s main rival. Blur is competing directly with OpenSea and is seizing control of the market share. At present, Blur has 64.8% of the entire NFT market trading volume, with $13 Billion in February. By comparison, OpenSea is trailing behind with…
Three United States senators led by Elizabeth Warren have sent a letter to Binance CEO Changpeng “CZ” Zhao and Binance.US CEO Brian Shroder expressing concern over a number of facets of Binance’s activities and requesting information from the companies that includes their balance sheets. Crypto skeptic Warren’s cosigners were fellow Democrat Chris Van Hollen and Republican Roger Marshall. They claimed there is evidence that the companies attempted to evade U.S. regulators, evade sanctions and facilitated the laundering of at least $10 billion, and lack transparency. “What little information about Binance’s finances is available to the public suggests that the exchange is…
NFT Policymakers in the European Parliament are negotiating changes to the text of an EU anti-money laundering bill to highlight that NFT platforms or other companies providing services related to NFTs are covered by the regulation. This diverges from the scope of the European Union’s standard-setting crypto rulebook, the Markets in Crypto-Assets regulation, which explicitly left them out. The MiCA framework, expected to pass a final vote next month, lays down the foundations of crypto regulation across the 27-nation bloc. While lawmakers intentionally exempted NFT platforms from its coverage, operators appear likely to be caught up in obligations under the…
NFT Momoguro: Holoself, an Ethereum-native non-fungible token (NFT) collection launched by Emmy-winning animation studio, Baobab Studios, generated over 12,000 sales worth US$7.6 million on the first day of its launch, according to NFT data aggregator CryptoSlam. See related article: Weekly NFT sales drop, unique buyers surge amid Coinbase’s new NFT airdrop Fast facts Momoguro: Holoself is a collection of 8,888 Holoself avatars, which will offer holders early access to the upcoming Uno Plane role-playing game (RPG), as well as future digital collectibles and Web 3.0 experiences. The collection sold out nine hours after minting began, according to Momoguro’s Twitter announcement,…
beginner While many crypto users believe in a cashless and fiatless world, it is yet to come. Most of us still have to perform a lot of transactions using good ol’ cash, including BTC and other crypto purchases. No matter whether you need a fiver for a cup of coffee or want to top up your Bitcoin wallet without having to go through a centralized bank, crypto ATMs can be of great help to anyone looking to convert their crypto to cash and vice versa. In this article, we will teach you how to use a Bitcoin ATM for the…
NFT While some see music NFTs—unique digital assets that often have both musical and visual components—are the future of the music industry, opening up new opportunities for both artists and fans, DJ Agoria, a prominent French electronic producer, composer, and DJ isn’t too keen on the hype. “Since the beginning, I was saying that I don’t trust in music NFTs, even if I’m a DJ, an artist, and a musician. We don’t want to make music NFTs mainstream, we want music NFTs to be rare, and the fact that we develop things that people desire or fight to get, excites…
NFT Image: Flare Network Sparkles NFT marketplace joins Flare network mainnet. This follows a year of testing on Songbird, the test network of Flare. Sparkles became the largest NFT marketplace in NFT sales on Songbird, contributing to 90% of sales. Sparkles, a decentralized NFT marketplace, has launched on the Flare network, opening up its non-fungible token (NFT) market to willing participants across the blockchain space. Sparkles launched in January 2022 on the Songbird network, the test network of Flare, gaining traffic and building a community during the past year. The platform currently handles over 90% of all NFT sales on…
It’s no secret that over the last few years, many physical events have digital iterations or have been wholly digitized into virtual reality.Recently, in Colombia, a local judge decided to hold a court hearing in the metaverse as an experiment with the technology. It was a civil case involving a traffic incident, which will progress further “partially” in the metaverse. While many believe that the metaverse will reshape our social lives, it begs the question of whether digital reality can best serve important societal moments, such as court cases, where an individual’s future may be at stake. Cointelegraph spoke with Carlo D’Angelo, a…
Baobab Studios, which is backed by Disney and has won nine Emmy Awards for various short films and virtual reality (VR) experiences, has launched an NFT collection based on Ethereum. This is according to an official statement made on Thursday. The studio has opted to explore Web3 to discover how NFTs can engage users and enhance storytelling experiences.The Web3 project is dubbed Momoguro, a family-friendly project that will feature NFTs and an NFT roleplaying game (RPG). According to the project’s website, Momoguro is a colorful fantasy world where creatures known as “Momos” will be fused to create hybrid characters. It…
NFT NFT startup Clay Mates says its highly successful Cardano-powered project “Clay Nation” will become the first Cardano project to be integrated into “The Sandbox,” thereby “pushing interoperability even further in Web3.” Clay Mates describes Clay Nation as “a collection of 10,000 characters created from hand-crafted, randomly-assembled clay traits,” with each of these characters being “a one-of-a-kind digital collectible, stored on the Cardano blockchain.” $CLAY is “the main utility and governance token of clay nation” and it is “poised to be deeply integrated in Clay Nation, where it will be used for any transaction within the virtual environment.” Source: Clay…
