The Flow network’s FLOW token, which can be used to build NFTs and decentralized applications (dapps) such as games on the Web3 platform, slumped 20% during the past seven days. FLOW’s decline was the second largest during that period among 52 cryptocurrencies with a market cap over $1 billion, according to crypto data and analysis firm Messari. Source
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Powered by blockchain and non-fungible token technology, Web3 stands poised to disrupt the way content creators monetize their work, pulling the rug from under the corporations that previously called the shots. Leading the charge is India’s fastest-growing on-chain social app, Chingari. Dubbed “India’s TikTok,” Chingari has just released Creator Cuts — its video NFT (vNFT) marketplace. Like TikTok, Chingari is a social media platform for sharing short videos. However, its Solana network integration enables innovative new interactions, bringing creators closer to their followers than ever before. With Chingari’s social token,…
Of the estimated top 25 NFT projects Galaxy Digital considered, the company found that there was only one project, World of Women (WoW), that “even attempts to give true ownership for the underlying artwork,” to token holders. But, according to the report, it is still unclear if the original issuer of a WoW NFT would need to transfer the IP address to a secondary buyer if they were to sell on another marketplace, such as OpenSea. Source
Crypto exchange Uniswap engaged in talks with multiple nonfungible token (NFT) lending protocols, according to a social media post from Uniswap’s head of NFT product Scott Lewis. In the tweet, Lewis highlights the company’s interest in tackling both liquidity issues and “information asymmetry” surrounding NFTs. uniswap is the interface for all nft liquidity. we are now in talks with 7 nft lending protocols. we will be working with each one to solve for liquidity fragmentation and information asymmetry. this is the first step to building nft financialization. — Scott (@Scott_eth)…
Hackers behind the $190 million Nomad Bridge are now being incentivized with “whitehat” themed non-fungible tokens (NFTs) if they return nearly all of the funds they stole from the protocol at the start of this month. The exclusive NFT, which simply depicts a white wizard’s hat, is being offered by NFT firm Metagame and can be minted by those that return at least 90% of their stolen funds to Nomad. 1/ Our friends at @metagame created an earned NFT as a thank you to whitehats who returned funds from the…
The hype surrounding nonfungible tokens (NFTs) has allowed some of the world’s most iconic brands to rake in hundreds of millions of dollars in additional revenue, underscoring the mass consumer appeal of digital collectibles. Leading brands including Nike, Gucci, Dolce & Gabbana, Adidas and Tiffany have amassed a combined $260 million worth of sales from NFTs, according to data from Dune Analytics that was first reported by NFTGators. Nike’s NFT drops have amassed $185.3 million in revenue, with volumes in secondary markets approaching $1.3 billion. Dolce & Gabbana has generated…
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The reality is that Swift, and most artists, don’t need to share earnings with their fans, because why would you pay a TSA dog? They’re doing their job well. They’re happy. They’re very, very loyal. In fact there’s an overabundance of loyalty that, in an artist’s view, is unlikely to become scarce in the near future. Why fix it if ain’t broke, right? Source
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io #google #crypto #dogecoin #ada #cardano #eos #bitcoin #cryptowendyo 00:00 Welcome back to the stream babes xox 01:40 The entire crypto market 02:17 #btc daily 03:40 #eth, 12h & 45m 05:00 Google/Alphabet invests $1.5b into #blockchain industry 08:45 Britain inflation rate highest in 40 years 11:10 Analysts fear FED minutes will affect 2023 easing 12:55 kraken CEO slams Tornado Cash sanctions 15:30 Joe Biden signs inflation reduction act into law 16:15 Defining #inflation 21:30 What is the lightning network? 24:00 What is #dogechain…