After months in a closed beta, the NFT lending platform has witnessed the highs and lows of its competitors in the space and aims to boost NFT market liquidity while protecting the interests of lenders and borrowers. Source
The new service, called Binance NFT Loan, “will allow people to use blue-chip NFTs to borrow crypto, starting with ETH, introducing the benefits of DeFi to the Binance NFT community,” Binance said in a press release. According to the platform, the tool offers competitive interest rates, instant liquidity, zero gas fees and liquidity protection. Source
BAYC and Mutant Ape Yacht Club (MAYC), another collection from the same creators, logged a cumulative volume of $9 million. ImmutableX-based Gods Unchained clocked $4 million in volumes, while the controversial Milady collection saw $3 million worth traded. Original
NFTs can also be used by hosts to “configure avatars, assign moderator permissions, and more.” When combined with Brave’s browser-native Brave Wallet, the tools “create the first-ever fully integrated Web3 live event platform, combining browser, wallet and video,” the company wrote in a blog post. Source
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Data shows that the trading volume of Bitcoin (BTC) non-fungible tokens surpassed that of popular blockchains like Solana, Mythos, and Polygon in the last 30 days. Bitcoin’s new fame in digital collectibles can be attributed to the current ordinals and BRC-20 token standard trend. While Ethereum and other blockchains have ruled the digital collectibles space over the years, the growing popularity of ordinals and the BRC-20 token standard is fast bringing a paradigm shift in the…
The monthly trading volume of nonfungible tokens (NFTs) and memecoins on Bitcoin in May surpassed Solana’s volume, according to data from CryptoSlam. Bitcoin ordinals trading volume currently stands in second place behind Ethereum, which did $393 million in NFT volume, more than twice that of ordinals on Bitcoin (BTC) in 30-days starting April 23. Bitcoin gained a significant lead over popular blockchains like Polygon, ImmutableX, BNB Chain and Solana during this period. According to a Dune dashboard by BRC-20 token standard creator Domo, BRC-20 token transactions accounted for the majority…
“This development is part of Sorare’s roadmap to build an inclusive ecosystem uniting tens of millions of sports fans, and support its mission to bring these fans closer to the players, teams and leagues they love,” a Sorare spokesperson told CoinDesk. “It does not impact the structure of Sorare’s core game or competition, or its cards.” Source
The curated NFT marketplace is running a two-month pop-up of 0x.17 gallery, beginning with a solo exhibition from artist Claire Silver about our future with AI. Source
A nonfungible token (NFT) influencer has been served with a settlement demand via NFT – which casually dropped the “F bomb” several times – alleging that the influencer engaged in wire fraud “at a minimum,” on a recent $7 million token presale. Lawyer Mike Kanovitz, a partner at Loevy & Loevy, took to Twitter on May 20 to state that a settlement demand letter has been served as an NFT to the wallet address associated with the alleged influencer known as ‘Ben.eth,’ whose real identity remains undisclosed. He alleged that…
DigiToads‘ code is secure following a thorough review by Coinsult, a blockchain security and audit firm. Meanwhile, pepe coin (PEPE) remains under pressure and faltering. As laws regulating crypto and the industry are being developed, the resulting weak check and balances have made malpractices widespread in crypto. Countless cryptocurrency firms have hoodwinked capitalists leading to losses. It is why investors seek assets that can be profitable and secure to invest their hard-earned capital in. DigiToads, a cryptocurrency platform, is a protocol that investors can explore. It seeks to revolutionize the…