Day: January 7, 2022

The biggest consumer brands that engaged with crypto in 2021

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2021 was an exciting year for crypto, with several well-known — some unexpected — brands entering the crypto sector. Here’s looking at you, Charmin, and your toilet paper nonfungible tokens (NFTs). The year saw its fair share of moments that had crypto enthusiasts on the edge of their seats. While many people continued to talk generally about the revolutionary power of cryptocurrencies and blockchain, it seems as though 2021 was the year when the ideas underlying these technologies truly took hold of the consciousness of the mainstream. From NFTs to…

The Blockchain Solution to the Problem of Water Pollution – Press release Bitcoin News

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press release PRESS RELEASE. We work harder every year to increase production of the consumer goods that meet everyone’s needs, but in many parts of the world, water pollution, over-fishing and environmental degradation are making the job increasingly difficult (and dangerous). The world’s population is growing and the oceans are becoming increasingly polluted. Our oceans have become “plastic soups”. In addition, the environmental effects of processing cryptocurrencies, due to the enormous consumption of electricity, have already been reported. For this reason, more environmentally friendly solutions are being sought to reduce…

NFT Curation Site JPG Goes Live With $3.8M in Seed Funding

“The scope we’re aiming for is bigger than just artworks,” JPG co-founder Sam Spike told CoinDesk in an interview. “While building relationships with existing galleries is important, our thesis about the cultural importance of NFTs extends into gaming assets, tokenized literature or collectibles, Apes, Cats, whatever it may be.” Source

Rapper Nas to let fans own part of his music through NFTs

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Award-winning rapper Nas will release nonfungible tokens (NFTs) that will let his fans own a stake in two of his songs, Ultra Black and Rare.  Users who buy and hold the NFTs, dubbed limited digital assets (LDAs), will get the specified percentage of streaming royalty ownership depending on the token that they hold.  Ultra Black comes from Nas’ 2021 Grammy award-winning Album King’s Disease, while Rare is from the follow-up 2022 Grammy-nominated album, King’s Disease II. The former song will have a limited supply of 760 tokens, while the latter will have…

Boba Network Introduces ‘Wagmi’ Options for Developers and Builders – Bitcoin News

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Boba Network, an L2 (layer 2) expansion layer for Ethereum, has announced the launch of what it calls “Wagmi” options as a way of incentivizing builders and supporters to be invested in the project. The incentive programs will be distributed amongst different projects on the chain and will be based on various indicators such as active wallets and project-specific total value locked (TVL). Wagmi Options to Serve as Incentives for Building on Boba Boba Network, an optimism-based L2 (layer 2) solution for Ethereum, has announced the launch of…

Bitcoin clings to $42K as key moving average break from July reappears

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Bitcoin (BTC) consolidated above $42,000 prior to Wall Street’s opening bell on Jan. 7 as more similarities to last year’s lows emerged. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC “very closely” mimicking May behavior Data from Cointelegraph Markets Pro and TradingView tracked a nervous Bitcoin market as BTC/USD avoided another retest of $40,000 support. Earlier, after briefly falling below $41,000, analysts had warned that a further capitulation event may occur, this having the potential to bring the pair down to $30,000 or even lower. That figure rings true for market…

Five Best Meme Cryptocurrencies To Keep An Eye On In 2022

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Meme tokens are cryptocurrencies with increased popularity within a short period. The remarkable acceptance of this type of cryptocurrency comes from the activities of retail investors or influencers. As a result, the meme cryptocurrencies have experienced tremendous growth throughout 2021. This explains the new market capitalization of the coins, which is more than 43 billion. The meme cryptocurrencies are gaining more adoption in different sectors, of which Dogecoin and Shiba Inu are the top tokens with astronomical increases. In addition, some companies like AMC Theatres, Guaranty Escrow, EasyDNS, and others…

Solana DeFi Major Serum’s ‘Incentive Ecosystem Foundation’ Is Raising $100M

The team behind one of Solana’s largest projects is midway through a $100 million raise to expand operations. According to a press release provided to CoinDesk, the Incentive Ecosystem Foundation, the legal entity staffing the team behind the orderbook-based decentralized exchange, is raising the funds to hire and move into new product verticals, including “NFTs, gaming, metaverse and DAO tooling.” Source