Author: Jeremy Ryan

The NFT market in 2023 has enjoyed a comfortable start, much like it did in 2022. For now, there is no telling what direction it will take, for the optimist however, it points green all the way. But, if there is one thing to learn about the cryptocurrency space, it is that a billion dollars can be wiped off in a matter of hours. In the same way, projects could raise a billion in the twinkle of an eye.The mood within the industry is that of optimism, with several new NFT projects flooding the market, and novel NFT projects like…

NFT Nonfungible token (NFT) marketplaces transacted roughly $82 million in 2020 and a staggering $17.6 billion in 2021, indicating a rising demand and high user interest in NFTs. This meteoric rise of digital asset trading ranged from whimsical cartoon JPEGs to National Basketball Association trading cards, artwork, music and more. One such marketplace for collecting and trading NFTs is Nifty Gateway. Nifty Gateway was founded in 2018 by Duncan Cock Foster and Griffin Cock Foster. In 2019, it was acquired by Tyler and Cameron Winklevoss’ cryptocurrency exchange, Gemini. Nifty Gateway positions itself as a high-end NFT marketplace on the Ethereum…

NFT A nonfungible token (NFT) from the CryptoPunks collection worth 77 Ether (ETH) was sent to a burn address to be permanently destroyed. However, the collector’s intent was just to borrow some money against it to buy another NFT. NFT collector Brandon Riley added CryptoPunk #685 to his collection on March 13 by paying 77 ETH, hoping to hold it for the long term. Now feels like an appropriate time to introduce #BAYC 586 to #Punk 685 (acquired a week ago). Hope to hold both for a decade… LGF! pic.twitter.com/SLb68rY6MR — Brandon Riley (@vitalitygrowth) March 19, 2023 As a seasoned…

Blockchain The amount of zkSync transactions has grown significantly, surpassing 20 million. According to Dune Analytics, the Ethereum L2 extension solution zkSync has had a transaction volume of around 2,025,135 this week, and the 7-day average transaction volume has reached a new high. The overall transaction volume has already surpassed 20 million. The technique is founded on zero-knowledge proofs, allowing for great degrees of confidentiality and secrecy. Furthermore, zkSync has been lauded for its ease of use and ability to handle a diverse spectrum of coins, making it a popular choice among Ethereum users. As more individuals discover the benefits…

Blockchain In an official update, Base outlined four areas where the platform wants developers to focus: Flatcoins, Onchain reputation, Onchain Limit Order Book (LOB) Exchanges, and Safer DeFi. Are you a builder passionate about making the onchain economy grow, but looking for where to start? We just published a Request for Builders: four areas we’d love to see builders explore on Base (with funding from the Base Ecosystem Fund) ????https://t.co/XSSdPnusyc — Base (@BuildOnBase) March 24, 2023 First is the Flatcoins sector, stablecoins that track the inflation rate to offer users stability in purchasing power and resiliency from economic uncertainty. The…

The gaming industry has evolved significantly over the years, embracing new technologies to offer increasingly engaging and immersive experiences for players. One of the most recent and exciting developments in the world of gaming is the rise of play-to-own games, a concept that has captured the attention of both casual and hardcore gamers alike.In this ultimate guide, we delve into the fascinating realm of play-to-own games, exploring their origins, mechanics, benefits, and challenges, as well as offering insights into the most popular titles and how you can join the revolution.Play-to-own games represent a paradigm shift in the gaming landscape, combining…

This Saturday, March 25th, Yuga Labs launches their Second Trip to the Otherside, even allowing Otherdeed owners a chance to invite guests along for the ride. Never one to back down from hype, expect Yuga Labs to deliver another amazing experience in their upcoming Second Trip! It’s time for another trip to the Otherside! The First Trip was a trippy, and fairly impressive, multiplayer demo of the technology behind the Otherside universe. The Second Trip begins soon, and even though I don’t own an Otherdeed, I’m looking forward to seeing what the Otherside team has to show us this time!…

NFT Justin Aversano set the standard for NFT-based photography projects with “Twin Flames,” a collection of 100 photos of twin siblings tokenized on the Ethereum blockchain. The project has captivated collectors, racked up millions of dollars’ worth of sales, and made it to auction house Christie’s and the collection of the Los Angeles County Museum of Art (LACMA). On Saturday, Aversano will showcase his follow-up collection, “Smoke and Mirrors,” at Gabba Gallery in Los Angeles. First launched last year as Ethereum NFTs, “Smoke and Mirrors” is Aversano’s interpretation of a tarot card deck, with a different portrait to represent each…

NFT On Friday afternoon, CoinDesk’s managing editor for global policy and regulation, Nikhilesh De, received an email from an official Amazon account appearing to confirm the existence of digital tokens and a gallery on the e-commerce platform. The email was sent to De as a confirmation after a Amazon Prime Video channel subscription was renewed automatically. De had not purchased a non-fungible token (NFT) from Amazon and did not have any prior knowledge of the platform’s integration of NFTs. The email provides new insights into Amazon’s plans for Web3 expansion and hints at where these new tools might live on…

How does Arbitrum work? Offchain Labs’ Arbitrum One is a scalability 2 (L2) solution for Ethereum, introduced in 2021. This Layer 2 aims to reduce transaction fees and increase commodity processing that computes transactions per second, just like as Any Regulatory Scaling Solution. It moves computation and contract storage from the Ethereum main chain, allowing for significantly better parameters. Transactions on Arbitrum only need to pay a few cents to complete. Arbitrum is a project that uses Optimistic Aggregation technology to enable Ethereum smart contracts to scale by processing transactions on a separate Aggregate layer before grouping them into a…