Author: admin

NFT What do eggplant emojis, porn, and video games have in common? They’re all now permanently inscribed on the Bitcoin blockchain. This is probably not what Bitcoin creator Satoshi Nakamoto had in mind, but thanks to the Taproot upgrade and the controversial Ordinals project—which lets people store unique assets on it, akin to NFTs—you can now play an unofficial clone of the iconic 1993 first-person shooter Doom on the blockchain. Created by Nicholas Carlini, the game is inscribed on Bitcoin as Inscription 466 and can be played with a keyboard and mouse. It’s a simplistic knockoff of Doom and doesn’t…

Popular NFT project Doodles is back and bigger than ever. Incredibly, Doodles has just received $54 million of equity funding, courtesy of Reddit co-founder Alexis Ohanian’s Seven Seven Six. In addition to Seven Seven Six; Acrew Capital, FTX Ventures and 10T Holdings also contributed to this figure. The NFT project Doodles is thriving with a $54 million investment. How will this investment help the Doodles NFT project’s future plans? According to the announcement, Doodles plans to use this investment to expand in the music and gaming spheres. Furthermore, this investment brings its valuation to $704 million. The Seven Seven Six…

Other Starbucks. Singapore Airlines. Burger King. Clinique. Salesforce. What do all these companies have in common? They have all launched reward programs built on blockchain. You have no idea how many companies have jumped into the world of blockchain. I had no idea, either, until I was preparing our latest webinar (full replay available for Premium members.) A huge shout-out to my co-presenter Heather Lowe, Senior Attorney at Gravis Law, who taught me a lot about these reward programs and how they’re being used by top companies. Read on. Reward Programs = Loyalty Programs You know reward programs, because you…

The price of Bitcoin (BTC) broke through the $24,000 ceiling and the total crypto market cap jumped nearly 4% after United States Federal Reserve Chair Jerome Powell indicated that inflation had begun slowing down in the world’s largest economy.“We can now say, I think for the first time, that the disinflationary process has started […] we see it really in goods prices,” said Powell during a Feb. 1 Federal Open Market Committee press briefing shortly after announcing an interest rate hike of 25 basis points.The rate hike and Powell’s remarks appeared to have gone down well in the crypto markets, which…

Blockchain Does anyone really enjoy dealing with state motor vehicle department bureaucracy? The motor vehicle agency in California, which has the highest number of car registrations in the U.S., may soon be able to use blockchain technology to verify car titles and registrations. “The partnership with the DMV [Department of Motor Vehicles] is almost a perfect matchup of a system based on paper that has been crying out for more efficiency,” Andrew Smith, president of crypto infrastructure company Oxhead Alpha, told CoinDesk TV’s “First Mover” on Thursday. Oxhead Alpha focuses on advancing protocols, research and development, and is turning to…

NFT OpenSea has launched a suite of tools to let people or brands launch their own NFT projects. The tools aid deploying smart contracts across all supported EVM chains, configuring drop mechanics and personalizing landing pages. This move followed OpenSea’s efforts to create distinct tools for an augmented mint launch, such as immersive minting, scarcity trackers and royalty enforcement tools. The company said that it will allow certain creators to use the one-stop shop minting tools over the coming weeks. It will be adding more features. “Our vision is to expand this product so that anyone can easily drop collections…

NFT The Squiggles NFT project has become the subject of a federal grand jury probe. The project’s founders are reportedly being investigated for wire fraud and money laundering. Squiggles came under fire early last year following an independent report which alleged that the project was a rug pull. The founders were allegedly behind several other NFT scam projects like League of Sacred Devils, Vault of Gems, Lucky Buddhas, etc. The Squiggles NFT project is reportedly on the radar of the United States Federal Government. According to DB Newswire, the founders of the NFT project are being investigated by a federal…

NFT A wash trade of a dead NFT collection made up 6.5% of the daily sales volume on OpenSea yesterday morning. The purchase of the single NFT from the Crop Collection was transacted at 409 ETH valued at around $648,000. The transaction fee for the purchase was a whopping 10 ETH estimated at around $16,000. Nearly all of the purchases of the NFT collection seem to have been made by a small number of accounts that own only a handful of NFTs apart from this collection. Wash trading has been a very common feature in the NFT market with some…

A big concern for users in decentralized finance (DeFi) is its susceptibility to exploits. A report from Privacy Affairs revealed hackers stole $4.3 billion worth of cryptocurrency from January to November 2022 — a 37% increase from the previous year.Such exploits harm the integrity of companies and fuel skeptics from outside of the space in their case against cryptocurrencies. However, in a Feb. 2 announcement from Web3 Builders, the company revealed a suite of tools to combat this issue. The initial browser extension TrustCheck was created to flag Web3-related scams before users continue to interact with them. This new suite of tools…

Leading NFT gaming protocol Immutable X is set to launch an all-access passport that will ease the onboarding of gamers to Web3. Dubbed ‘Immutable Passport,’ the tool will serve as a non-custodial wallet, gamer profile, and authentication solution for users. On this end, it resembles an Xbox Gametag or an Apple ID, where users don’t require a password to sign on.As a non-custodial wallet, the tool will not hold user private keys and will not be involved in signing transactions. That said, the Immutable Passport will allow players to access a suite of tools integrated into the system, such as…