As a part of the game release, the company is introducing its Gaming Graph, a feature that allows users to connect to their profiles on decentralized social network Nostr. Users can then earn “badges” for their gameplay milestones, linking them to their Nostr profiles to help build out their gaming identity across Web3 social media platforms. Original
Unlike with a traditional event ticket that simply gains you entrance to an event, we focused a set of on-the-ground rewards to enhance an attendee’s experience. Beyond access, all users get our DESK token airdropped to them. The token can be used at the event for food, drink, merchandise or experiences. Based on an algorithm, additional people will receive special rewards like a speaking slot at Consensus, a booth on the show floor, a comped hotel stay or meetings with key venture capitalists who are investing in Web3. If recipients…
The community supporting Illuvium, an interoperable blockchain game, has demonstrated the power of decentralized autonomous organizations (DAOs) after blocking a scheduled nonfungible token (NFT) pack-opening event between Illuvium CEO Kieran Warwick and Three Arrows Capital (3AC) founder Su Zhu. Warwick was scheduled to go against Zhu in what’s called an “Influencer Illuvitars D1sk Battle” where prominent crypto personalities go against each other to open NFT packs. However, due to the controversies surrounding Zhu and 3AC, the Illuvium community expressed concerns over the potential risks of being associated with Zhu, who…
In spite of turbulence in traditional global finance, with BRICS nations said to be pushing for de-dollarization and major banks like Bank of America and Goldman Sachs predicting further interest rate hikes from the U.S. Federal Reserve, creativity in crypto has found a new boon in the form of controversial inscriptions, called Ordinals, on the Bitcoin blockchain. All this and more, just below, in the latest Bitcoin.com News Week in Review. Expert Predicts Looming Economic Collapse as BRICS Nations Unite Against the Dollar Andy Schectman, CEO of Miles Franklin Precious…
Jack Dorsey’s payment company Block Inc. reported $1.83 billion of Bitcoin (BTC) revenue from its Cash App business unit in the fourth quarter, representing a 7% fall from the same time last year. In its Q4 and full-year results announced on Feb. 23, Block attributed the fall in Bitcoin revenue to the decline in BTC price in the year. Bitcoin fell approximately 65% throughout 2022. This fall in revenue led to a 25% year-on-year drop in Bitcoin gross profit for Cash App, which fell to $35 million in the quarter. Cash App…
For the full year, Block’s bitcoin revenue declined 29% from 2021 due to the fall in the price of bitcoin, the company said. Source
As Ordinal inscriptions approach the 150,000 mark, blocks larger than 3 MB have become commonplace, with many blocks near the 4 MB range. Meanwhile, after the average transaction fee on-chain rose 122% higher at the beginning of February 2023, the average fee has remained the same over the last few weeks and is currently coasting along at $1.77 per transfer. Ordinal Inscriptions Close in on Reaching 150K Milestone On Feb. 19, 2023, the number of Ordinal inscriptions is approaching 150,000 after a significant increase in demand since the end of…
The two companies have commissioned artist Michael Kozlowski, commonly known as Mpkoz, to release a collection for this partnership. Titled Metropolis, the body of work features generative art NFTs based on architectural influences from London, Berlin, New York, Mexico City and Los Angeles – five cities where Bright Moments galleries are located. Source
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The percentage of Ethereum blocks complying with orders set by the United States Office of Foreign Asset Control (OFAC) has now fallen to 47% — the lowest level since Oct. 11. The latest milestone in reversing censorship comes nearly three months after the percentage of OFAC-compliant blocks peaked at 79% on Nov. 21. OFAC-compliant blocks are those that exclude transactions involving parties sanctioned by the U.S. Treasury Department’s Office of Foreign Assets Control. A fall in compliant blocks could be seen as a win for those who oppose censorship within the…