Cryptocurrency News That Matters

NFTs

Leading NFT Marketplace Enters The Crypto Wallets Sector

Leading NFT Marketplace Enters The Crypto Wallets Sector

NFTs
NFT marketplace OpenSea has purchased Dharma Labs, a startup for digital cryptocurrency wallets. Announced on Tuesday, the news follows a report from Axios that said the two companies were discussing a deal valued somewhere between $110 million USD and $130 million USD. Dharma Labs was founded in 2017 and allows users to connect their bank accounts to their Ethereum wallets. Users then buy and swap tokens via the Dharma Lab’s app, however, OpenSea will be shutting down the app as part of the new deal. OpenSea will also be bringing onboard Dharma Labs co-founder and CEO Nadav Hollander as its new Chief Technology Officer. Hollander will be tasked with improving the technology behind OpenSea’s products and building mechanisms for web3. “Our teams share a vision that NFTs will b...
NFT Market Continues Its Fast Start To The Year, Despite Recent Crypto Downturn

NFT Market Continues Its Fast Start To The Year, Despite Recent Crypto Downturn

NFTs
January 2022 continues to be rough for crypto investors as current markets see turbulent fluctuations in the price of Bitcoin (BTC) and other cryptocurrencies. Some have attributed the slump to recent federal intentions to introduce new rate hikes, and the political turmoil in Kazakhstan, which significantly lowered the hash rate of Bitcoin. On Jan. 14, the price of Bitcoin dipped below $42,000 as traders continued to hold out hope for bullish signals. Nonfungible token (NFT) trading and blockchain games, on the other hand, seem to have resisted the dip. According to reports from DappRadar, NFT transactions continued to increase amid declining crypto prices. The report stated that “the number of UAW connected to Ethereum NFT DApps grew by 43% since Q3 2021.” Numbers from the report...
China’s Crackdown On Cryptocurrencies Will Not Target Digital Collectibles

China’s Crackdown On Cryptocurrencies Will Not Target Digital Collectibles

NFTs
Despite China declaring all cryptocurrency transactions illegal last year, China doesn’t want to miss out on the potential trillion dollar NFT market. It’s been noted that Chinese Businesses involved in the creation and sale of NFTs have been badly hit by the country’s decision to crackdown on cryptocurrency. This has in turn prompted China to draw a clear distinction between cryptocurrencies and nonfungible tokens. Making it clear that the NFT ecosystem is safe in China and has the government’s full support. The Blockchain-based Service Network (BSN), a government-backed blockchain project in China, is working on infrastructure that would support businesses and individuals to build platforms and apps to manage NFTs, the South China Morning Post reported. Officially called th...
Major Travel Agent Announces Intention To Create Own Tokens

Major Travel Agent Announces Intention To Create Own Tokens

NFTs
Blockchain OTA Travala.com is to release 1,000 exclusive membership club funding NFTs (Non-Fungible Tokens). The ‘Travel Tigers’ will be uniquely and randomly generated and are the key to the fast-growing agencies’ new Smart Diamond Membership. This loyalty programme will provide members with access to a range of offers and rewards or “ambassador bonuses”. Each quarter, a pool of travel credits worth 10% of Travala.com’s net revenue will be made available to claim by Smart Diamond members. Membership also provides members with the opportunity to receive random “travel drops” or prizes ranging from luxury hotels to flight tickets and private retreats. Travala.com will retain 100 of the Travel Tiger NFTs for marketing, promotion and future funding of the loyalty program. ...
NFT Start-Up Company Secures Funding From Major Blockchain Platform

NFT Start-Up Company Secures Funding From Major Blockchain Platform

NFTs
Bliv.Club, a Non-fungible Token (NFT) derivative startup, on Monday raised undisclosed Pre-seed funding by Sandeep Nailwal, Co-founder of blockchain scalability platform Polygon, the company said in a statement Bliv.Club said it has already in discussions with a number of potential investors to raise a larger round of funding in the near future. Its goal is to create an ecosystem around non-fungible tokens (NFT) that will make retail investments more fluid, hence addressing and resolving the larger liquidity issue. The funds will be used to build the company's product offerings, as well as marketing and team building, according to the statement. Vikas Singh, Abhishek Kumar Gupta, and Mohammed Sirajuddin founded the startup in 2021. “Our core objective at Bliv is to increas...
Binance Aims To Democratize The NFT Market

Binance Aims To Democratize The NFT Market

NFTs
Due to the rise in demand, it’s increasingly harder to purchase nonfungible tokens (NFT) on their initial launch. Because of the limited supply and high demand, some NFT drops have sold out after only a few minutes of release. With this, users who are interested in purchasing newly released collections have no choice to wait until the initial owners decide to flip the NFTs for some profit, resulting in having to pay more or not being able to acquire any of the NFTs entirely. Therefore, Binance introduced a subscription mechanism that lets everyone have an equal opportunity to buy newly released NFTs on its marketplace. The marketplace’s new NFT Subscription Mechanism lets users have a higher chance of being able to purchase NFTs by limiting the allowed amount of NFT purchase per...
How NFTs Can Help Propel The Digital Uprising

How NFTs Can Help Propel The Digital Uprising

NFTs
The cryptocurrency world is branching out as NFTs are trending. They are a bridge between digital and real-world entities. NFTs tokenize any digital item and provide sole ownership of that item. That can be a tweet by a famous person, a piece of art, music, or anything in between. Unlike cryptocurrencies, they are not interchangeable. They sometimes have enormous value, and you can invest in them and sell them. Non Fungible Tokens (NFTs) are the new craze and they are shaping a digital evolution. Find out how NFTs are set to revolutionize the digital world in the coming years There are many NFT collections like CrypToadz, the collection conceived by the artist Gremplin, which is unique and profitable. Toadz comprises a collection 6,969 frog-style tokens, each with their own valu...