Day: May 31, 2023

AI demand briefly catapults Nvidia into $1 trillion club

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Computer chip manufacturer Nvidia briefly joined the exclusive club of companies with a $1 trillion market capitalization as market demand for artificial intelligence (AI) tech reached a crescendo. The milestone was hit on May 30 in the United States morning trading hours by the computer chip and graphics card manufacturer with its shares hitting a daily high of over $418 according to Google Finance. Nvidia shares closed the day at just over $401 and the firm currently has a market cap of $992 million. NVIDIA stock price over the last…

BRC-721E new standard for NFT migration from ETH to BTC

A new token standard, BRC-721E, has been introduced, designed to facilitate the migration of NFTs from Ethereum to Bitcoin. A novel token standard, known as BRC-721E, has recently been unveiled to enhance the versatility of bitcoin ordinals. This development is designed to simplify the transfer of NFTs from the Ethereum blockchain to the Bitcoin blockchain. Essentially, the BRC-721E protocol facilitates the conversion of ethereum’s ERC-721 NFTs into ordinals, unique units that can embed text, images, and code onto a solitary satoshi. The inception of BRC-721E is a collective endeavor by…

TON Foundation introduces new liquidity mining rewards program

The TON Foundation, a non-profit association dedicated to advancing The Open Network (TON), has unveiled a liquidity mining rewards campaign designed to incentivize users from other chains to join the TON ecosystem.  With rewards of up to $720,000 in toncoin (TON), the campaign aims to seed liquidity for the core digital tokens within the TON ecosystem and will run from June 5 to June 30. Bringing together DEX protocols The launch of a liquidity mining rewards campaign comes after the introduction of a two-way bridge facilitating the transfer of ERC-20…