Day: March 29, 2023

Web3 creators at higher a loss for royalties than anticipated: data

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The nonfungible token (NFT) space has been a proven gateway for helping users take their first steps into the Web3 space. This is particularly true when it comes to artists and creators using Web3 tools to enhance their work.  However, new data from eBit Labs and LiveArt marketplace reveals that the loss of creator royalties over the past year in the NFT space could be higher than estimated. According to the data, after the emergence of the Blur marketplace in October 2022, two of the leading NFT collections – Bored Ape…

Why Web3 gaming is becoming the new hype for serious gamers

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As Web3 gaming continues to evolve, more and more people are shifting to innovative models like play-to-earn games (P2E). In fact, the main hook for seasoned gamers is their ability to merge the thrill of playing and winning with earning money.  With the new Web3 landscape, the entire gaming dynamic is shifting: from one that was purely creator-focused to being player-focused. For the first time ever, gamers now have opportunities to own in-game assets that later can be sold for profit, while earning real rewards for their success within the…

How to financially prepare for a recession

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A recession is a period of economic decline that can impact individuals and businesses alike. It’s important to take steps to prepare for a recession to help minimize the potential negative impact on your finances. Here are some strategies to consider: Build an emergency fund Building an emergency fund is one of the most critical steps to take to prepare for a recession. One may aim to save at least three to six months’ worth of living expenses in a separate account. This money can be used to cover their…

Polygon to help fight NFT scams with Web3 infra protocol partnership

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Wakweli, a Web3 infrastructure protocol that issues certificates of authenticity for nonfungible tokens (NFT), has officially partnered with layer-2 scaling platform Polygon to make NFT authentication possible. The partnership between Polygon and Wakweli means all digital assets on Polygon will be compatible with Wakweli’s certification system. According to the announcement, every NFT project holder on the Polygon chain can request authenticity certificates for each asset. The collaboration generally aims to enhance the security of the digital ecosystem. In response to the cost of the certificate authentication for users, Antoine Sarraute, co-founder of Wakweli,…

AI technology is reshaping NFT gaming — Here’s how

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With the meteoric rise of artificial intelligence (AI) technology, many people are wondering: How will AI influence the video game industry? AI has already begun to influence video games in a number of ways, and it is likely to continue to do so in the future. Video games are a common joy for many, and they are manufactured for almost everyone, regardless of age, gender, interests or preferred gaming platform, with millions of people playing them worldwide. In fact, according to the Entertainment Software Association, in 2020, 65% of American…

BTC Back Above $28,000, Following US Consumer Confidence Report – Market Updates Bitcoin News

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Bitcoin surged higher on Wednesday, as markets reacted strongly to better-than-expected consumer confidence figures in the United States. Data from the Conference Board showed that its monthly survey rose to a reading 104.2, better than the 101 sum expected. Ethereum also climbed, moving above $1,800. Bitcoin Bitcoin (BTC) once again moved above the $28,000 level on Wednesday, as markets reacted to the latest consumer confidence report in the United States. The increase in confidence is seen by some as validating the Federal Reserve’s recent decision to marginally hike rates. Following…

Stablecoins are solution to crypto’s banking problem, exec says

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The collapses of banks like Silvergate have certainly impacted cryptocurrency exchanges but there are ways for the industry to survive without the support of banks, one executive believes. Crypto exchanges significantly rely on traditional banking systems for customer deposits, which makes them vulnerable to various banking issues, according to Bitstamp USA CEO and global commercial officer Bobby Zagotta. The executive believes that stablecoins — cryptocurrencies whose value is tied to fiat currencies or other assets — could be a solution to crypto’s banking problem. “We are currently discussing how stablecoins…