Author: Jeremy Ryan

Porsche, the eclectic German car manufacturer, announced the launch of its first NFT collection on Monday. However, the project has failed to gain enough traction despite heavy speculation and buzz around it.Who does not know about the legendary 911 sports car from the house of Porsche? Cars from Porsche are tantamount to a cult social status, power tech, and years of intense service and research. With so much fame and recognition behind it and with superlative luxury brands already in NFTs, the sports car magnate’s entry was not surprising.How to mint your Porsche 911? ​⚠️ Mint starts soon. First things…

The faulty OpenSea stolen item policy is costing the platform’s users lots of funds. At least that is the opinion of Franklin, the sixth largest holder of Bored Ape Yacht Club NFTs. In a space of a few days, scammers gamed the policy to sell him stolen BAYC NFTs. Unfortunately, there is no way for him to sell the NFTs and recoup his funds.The first exploit occurred on January 20. Franklin mentions in a tweet that a bad actor took advantage of OpenSea’s stolen item policy to sell to his collection offer.Hey @opensea can you PLEASE fix your stolen ape…

Blockchain Ethereum’s leading Layer 2 protocols, Arbitrum and Optimism, surged in popularity in 2022. Combined, Arbitrum and Optimism account for four-fifths of all value locked across Ethereum’s Layer 2s. On January 12, these two protocols surpassed Ethereum’s daily transactions — showcasing their scaling potential. Optimism alone processed 800,000 transactions that day. “Layer 2” refers to off-blockchain scaling solutions that batch, roll-up, or otherwise enhance transaction throughput. Layer 2s use separate protocols from the main blockchain to process transactions faster or cheaper. Eventually, all Layer 2-processed transactions settle in batches onto the regular, Layer 1 blockchain. Arbitrum botches major release, cedes…

Hester Peirce, a commissioner on the Securities and Exchange Commission (SEC), said that after a terrible year, industry players need to remember what crypto is really about.In a speech at the Digital Assets at Duke conference, Peirce laid down some lessons to be learned from the issues that the crypto industry had to face last year. According to the commissioner, 2022 was a “terrible, horrible, no good, very bad year” for both the crypto space and regulators. However, Peirce believed there were valuable takeaways from the series of problems that arose last year. She explained: “Underlying these lessons is the…

NFT The market for Ethereum non-fungible tokens (NFT) is currently seeing an unwavering bullish trend. Recently, there has seemed to be a lot more activity, which clarifies that things are much better than previously thought. With a closing value of more than $231 million, the weekly trading volume has dramatically climbed. This was made possible by the fact that there were 154,000 traders who were in charge of carrying out 474,000 transactions. A single trader executed 3.1 trades on average, with an average volume of $487. These very encouraging figures are the biggest proof that the NFTs, which are digital…

Gala Games caused a frenzy this week after announcing an exciting NFT partnership with Dwayne ‘The Rock’ Johnson and Mark Wahlberg. Soon enough, their native token, GALA, doubled in value (although the team says the surge isn’t related to the collaboration). However, things took a turn when the platform deleted its announcement on Twitter. As many fans are wondering whether the collab is happening, we are here to clarify everything: $GALA Hollywood Icons Partnership: What Do We Know? On Monday, Gala Games took to Twitter to announce a fantastic collaboration with The Rock and Mark Wahlberg. Initially, the team shared…

Bankrupt crypto lending firm BlockFi reportedly has plans to sell off $160 million in loans backed by around 68,000 Bitcoin mining machines as part of bankruptcy proceedings.In a Bloomberg report on Jan. 24, two people “familiar with the matter” claimed that BlockFi started the process of selling off the loans last year.The crypto lender filed for Chapter 11 bankruptcy in November, citing its significant exposure to the now-defunct crypto exchange FTX for its downfall.However, some of these loans have already defaulted since then and could be undercollateralized given the decline in the price of Bitcoin mining equipment, according to the sources, adding the…

Porsche criticized for ‘low effort’ NFTs, ends mint earlyCar manufacturer Porsche had to cut short a nonfungible token (NFT) mint of its famous white 911 model only two days after the public mint started, saying its “holders have spoken.” The Jan. 23 launch was seen by some as a huge flop for Porsche with just 2,040 of the 7,500 NFTs available having been sold at the time of writing. Our holders have spoken. We’re going to cut our supply and stop the mint to move forward with creating the best experience for an exclusive community. More info in the next…

K-Pop sensations LIGHTSUM and fashion maestro Victor Weinsanto, along with Brand New Vision (BNV), announce the launch of M3TALOVE. a dedicated fashion-centric metaverse. Brand New Vision is a top-notch fashion metaverse marketplace. Further, the collaboration was first announced at Paris Fashion Week in September 2022. Read on to learn more about this glamorous project. What is M3TALOVE by LIGHTSUM? Victor Weinsanto graced Paris Fashion Week last year, and an added X factor to his lineup was the launch of his digital wearable collection. The Jean Paul Gaultier protégé has developed eight virtual designs for K-Pop girl group Lightsum. Moreover, this…

A new FPS enters the web3 arena, as FORA launches their first beta. This free to play FPS is still open to adding new beta testers and the team is interested in hearing feedback from their players. The number of web3-enabled, FPS games continues to grow. One of the latest additions is FORA, a free to play FPS will the stated goal of becoming the ‘Fortnite of web3’. Interestingly, the team was originally planning to build Forgotten Worlds, a large scale MMO. But, they decided that their MMO vision was too massive for the current playerbase, so they pivoted into…