Author: Jeremy Ryan

NFT There has been a lot of noise and questions recently about Ordinal Inscriptions. So what are they? The simple answer is that ordinals are NFTs that you can mint on the Bitcoin blockchain. But Orindal Inscriptions aren’t your usual NFTs. Unlike Ethereum NFTs, which depend on off-chain metadata that can be modified, Ordinal Inscriptions enable all data to be inscribed directly on-chain. You’re reading Crypto for Advisors, a weekly look at digital assets and the future of finance for financial advisors. Subscribe here to receive the mailing every Thursday. It was this flaw in Ethereum NFTs that caused software…

NFT The marketplace for non-fungible tokens from the Internet giant eBay has opened the possibility of receiving royalties from sales. The KnownOrigin NFT marketplace has opened up the possibility for digital artists to earn royalties from the resale of virtual collectibles. The developers of the project announced this on Twitter. Starting from February 24, artists verified by the platform will be able to receive payments from resales. To do this, they will need to deploy their own smart contract on KnownOrigin. Users will be able to do this using the Creator Contract feature, which does not require knowledge of the…

NFT Picture yourself at the Super Bowl, a sold-out concert, or a high-octane NBA game. History is unfolding, right before your eyes. But are you even watching? Probably not. Most likely, you’re taking a photo on your phone. Photography and videography have never been more central to sports, music, and entertainment. But according to two-time NBA All-Star Baron Davis, they’ve also never been less respected as mediums. “There was a time in America, during our renaissance, when photographers were just as famous as celebrities, when they were treated as artists,” Davis told Decrypt in an interview this week. “I think…

The United States Federal Deposit Insurance Corporation (FDIC) has sent a letter to executives of cryptocurrency exchange CEX.IO warning them that they are potentially in violation of federal law due to false and misleading statements about the exchange’s insurance status. The agency has given the exchange 15 days to make corrections.The statement in question is found in the small print details of the exchange’s state money transmitter license information. The information for Rhode Island reads, “U.S. dollars held in your CEX.IO fiat currency wallet are FDIC-insured up to $250,000 per account.” The FDIC letter also noted that if the exchange…

beginner Blockchain use scenarios keep emerging worldwide, and understanding the underlying technologies is the crucial part of navigating the cryptocurrency market. As of lately, it’s becoming increasingly more important to understand what a decentralized exchange (DEX) is and how they work in the crypto sphere. DEXs provide users with an invaluable service: the ability to independently trade cryptocurrencies without relying on either centralized exchanges or third-party brokers. In comparison to conventional exchanges such as Coinbase and Binance, DEXs offer increased security, privacy, and anonymity that appeals to many types of investors.  If you’ve been considering using a DEX for trading…

NFT It happened to have been the CTO of Ripple, David Schwartz, who had the foresight and believed the fact that the second rush of tokenized assets would be shifting direction toward utility-based NFTs. The present time seems to stand witness to the fact that he was not off the mark. One of the prime occurrences in Web3 happens to be the linking up of real-world products, services, and overall exposure with the digital world. This is already becoming known as the phygital NFTs. There happens to be an entire array of activities that seems to be happening with the…

Blockchain Azuro recently announced the release of its V2 and Azuro Score on Polygon. The launch allows crypto users to get one-click exposure to thousands of betting markets. The integration also provides users access to an AMM-like liquidity pool. This will help them earn Azuro Score points that can be converted into tokens after AZUR’s launch. Since its June 2022 launch on Gnosis Chain, Azuro V1 has amassed the most active users on the platform. The company has created a novel liquidity pool design called Liquidity Tree. The tree serves as an on-chain framework for dispersing and concentrating on liquidity…

The ‘Journey Stamps’ created by Starbucks are selling well, with a floor price of $2,000 for one NFT collection.Starbucks Odyssey NFTs are being feverishly traded by members and employees. In December, the coffee giant launched its Beta experience to selected participants in the US. In the last month, the sales volume of the Starbucks ‘Holiday Cheer Edition 1’ stamp has steadily risen to over $100,000. In fact, the last ‘Holiday Cheer Edition 1’ Stamp sold for $1,9000, according to Nifty Gateway. There are 5,000 editions of this NFT, and the Stamp unlocks various benefits and immersive coffee experiences. How it worksStarbucks Odyssey…

A federal judge has allowed the identities of guarantors who signed on as sureties for former FTX CEO Sam Bankman-Fried’s $250 million bond to be made public following a request from several news outlets.Court documents released on Feb. 15 show that the two previously unidentified individuals are Andreas Paepcke, a senior research scientist at Stanford University, and Larry Kramer, a former dean of Stanford Law School. The two signed on as sureties for Bankman-Fried’s bail on Jan. 25 for $200,000 and $500,000, respectively.Joseph Bankman and Barbara Fried — SBF’s parents — were the other two parties who signed off on…

Blockchain Prominent blockchain company Ripple has announced the third wave of recipients of its $250 million Creator Fund. According to an announcement yesterday, winners of the latest wave of Ripple’s Creator Fund are dedicated to blending digital and physical experiences with real-world utility. The Wave 3 winners include Hot Import Nights; a project that sells NFT-based tickets to virtual events, Adrian Balastegui; a digital canvas artist, and Emporio Records; an independent record label leveraging NFT. Other projects selected to join the fund’s third wave are digital artists Mike Sotirakos, Natacha Elnat, TraumAnesia, and Robert Chew. Commenting on the development, Romain…