Decentraland (MANA) propelled social activity within the last few days following a massive announcement. Spanish football league’s top-tier, LaLiga, entered a strategic deal with SatadioPlus, a technological firm. The agreement will allow Laliga to show themed land plots in Vegas City. Furthermore, Vegas City runs the top games, entertainment, and sports sectors of Decentraland, furthering…
Uniswap has gained approximately 8.05% over the past seven days. UNI has retained optimistic price actions regardless of the present bearish market. However, what could be behind Uniswap’s impressive performance? The platform has seen several developments that might have contributed to this surge. Uniswap’s product head, Scott Gray, revealed that the firm would launch non-fungible…
Crypto experts regularly conduct market analysis to identify crypto projects that seem promising. They then share their insights on these projects that help investors save time that they would have spent carrying out research. As such, in this article, we review Tamadoge, the top-ranked crypto project by experts. Investors need to note that cryptocurrencies are…
MTV, a famous American cable channel, is the latest to catch the metaverse fever. The cable channel has decided to launch a digital space in Roblox. MTV To Launch Digital Space On Roblox This development is part of the platform’s latest category of awards that would recognize musical performance in the virtual space. For this…
Vitalik Buterin, ETH’s co-founder, thinks that corporate efforts to develop and expand the metaverse would not succeed. He made this assertion while responding to Dean Eigenmann’s post. According to Buterin, the idea of the metaverse is appealing. However, he said that venture capital funding is not what will fuel the progress of the sector. Eigenmann…
The SMBC (Sumitomo Mitsui Banking Corporation) ‘s second largest bank in Japan, has revealed plans to expand in the digital asset sector. As per reports, the bank will devolve into the world of Web3 and NFTs. Additionally, the bank will collaborate with the Hashport group. This group offers listing and tokenization services in Japan. With…
Countries and fintech firms are becoming receptive to the Web3 industry. This is due to the potential of the industry and the benefits it can offer. Japan has also embraced the industry. The country’s METI (Ministry of Economy, Trade and Industry) has opened a Web3 Policy Office in the country. Japan’s Fighting To Accelerate Web3…
The British art auction company, Christie’s is establishing a venture capital division. The aim is to fund businesses that facilitate the trade of art, especially blockchain startups. Additionally, Christie’s Ventures intends to stake money on enterprises that most VC firms feel are too risky. Compared to Q1 2022, the number of funds that went to…
A hacker made a reentrancy attack recently against the beta version of the NFT money market, OMNI protocol. However, the attacker took 1,300 ETH in OMNI’s internal testing funds, not actual money. OMNI Protocol Is Victim Of Latest Hack A breach on the NFT system, OMNI, resulted in a loss of about 1,300 ETH. The…
According to recent reports, Axie Infinity has relaunched its Ronin bridge with some added features. The platform said it conducted three different audits before reopening the bridge. The co-founders of the popular dApp announced the bridge’s reopening on Twitter. They also showed commitment to ensuring users get back their lost funds. Ronin Bridge Relaunch Features…
In the past months, there have been a series of attacks by hackers on cross-chain bridges. These attacks have caused serious damage to the cryptocurrency community. Meanwhile, the latest attack was on the popular cross-chain bridge, Horizon Bridge, owned by Harmony. Given the recent economic downturn, this is a huge blow to the DeFi platform….
Popular online commerce mogul eBay has acquired an NFT Marketplace, KnownOrigin. This is part of the company’s expansion into the NFT industry. The Uk-based NFT platform, KnownOrigin, was created in 2018. The platform allows content collectors and creators to sell and buy digital collectibles. Although the report declared it a “leading” marketplace, an analysis of…
A popular European banking Institution, the KBC Group, has launched its own virtual token. This token, dubbed the “Kate Coin,” is based on blockchain technology. More also, customers of the banking institution will have access to the token. Customers can use it via their mobile app and digital wallet. KBC Releases Digital Coin, Kate Coin…
In the latest news, the largest NFT marketplace, Opensea, has switched protocol. The company stated that it is moving to Seaport, a web3 open market platform. The good news is that users will no longer pay account initialization fees. Also, the move will reduce the amount spent on network fees by over 35%. Opensea Leaves…
The adoption of crypto in Malaysia has been backed by the Ministry of Communications and Multimedia (KKMM), while the deputy minister is also calling on the country’s government for legalizing cryptocurrencies. According to reports on Monday, Datuk Zahidi Zainul Abidin, the deputy communications and multimedia minister, urged the regulatory authorities in Malaysia to give legal…
The reports are showing that digital currencies could change how the audience participates in sports and connect with favorite teams. According to North America Sports Outlook report, 2022 by the Price Waterhouse Coopers (PWC) consultancy, Non-fungible tokens (NFTs) and digital assets are becoming one of the top ten trends of the sports industry. The report…
Mars4 is a new computer game that, as the name suggests, involves virtual exploration of Mars. However, the gameplay of this Metaverse game is ‘survival-based’. Currently, the game is selling virtual lands at Mars by providing a global opportunity for investment by investors worldwide. The developer claims that Mars4 is the first of its kind…
In the past 7 days alone, approximately 2.5 billion dollars NFT sales have been concluded which reflects a whopping increase in the sales by 161%. Almost all of the NFT sales were carried out through the Ethereum blockchain while only a fraction of the sales were hosted by Solana. Even in 2022, the market of…
The demand for the industry comprising Non-Fungible Tokens (NFTs) was at the highest peak in 2021. NFTs have become the most adopted theme within the blockchain industry at the moment. There is a multi-billion dollar worth of NFTs under development and within the market currently. But there are some exceptional NFT projects whose revenues against…
MATIC recorded a new ATH of $2.92. The alternative token has possibilities of exploring further surges before this year’s end. The run-up saw Polygon claiming the 14th spot in the crypto-list by market cap. Polygon (MATIC/USD) is a scalability blockchain network and a framework connecting and building Ethereum-compatible blockchain networks. It’s a Layer2 aggregator that…
