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What the Metaverse Means for Music Creators (Guest Column)
There is a lot of buzz around the concept of a “Metaverse.” The company formerly known as Facebook recently announced its ambition to create a futuristic, immersive social experience, and to achieve this, it will become a new hub for listening to, discovering and interacting with music and music creators. Undoubtedly, music will be as important to the metaverse as it is to the real world. As Mark Zuckerberg recently told The Vergecast, “You might be able to jump into an experience, like a 3D concert or something, from your phone, so you can get elements that are 2D or elements that are 3D. … I think that this is going to be a really big part of the next chapter for the technology industry, and it’s something that we’re very excited about.” Merging social media, gaming, consumerism and othe...
Snoop drops ‘Decentralized Dogg’ NFT like it’s hot
Hip-hop legend Snoop Dogg has debuted his first nonfungible token (NFT) collaboration with artist Coldie in the final release of the Decentral Eyes Portrait Series. The “Decentralized Dogg” NFT was minted on SuperRare on Nov 29 at 7:15 PM UTC and will be on auction until Dec 3. SuperRare is a digital NFT marketplace that caters to buyers willing to pay up for more exclusive pieces. The NFT is a stereoscopic 3D collage of 10 different portraits of Snoop Dogg from various stages throughout his life, underscored by an original NFT-inspired soundtrack by Snoop. At the time of writing, the highest bid was 169 Ether or about $760,000 at current prices. NEW ARTWORK RELEASEColdie x @SnoopDogg Decentral Eyes Dogg1/1 on @SuperRare Auction ends Dec 3 5p PT/8p ET Art by ColdieExclusive audio by @Snoop...
Ethereum privacy protocol Tornado Cash to launch on L2 Arbitrum
Tornado Cash is about to get a scaling boost as the privacy protocol prepares for deployment on the Ethereum layer two network Arbitrum. Tornado Cash’s smart contracts are ready to roll on thArbitrum Layer 2 scaling network following contributions from the community to ensure the stability of the protocol. The Nov. 29 announcement explained that deploying on Arbitrum will “allow users to take advantage of all the benefits a Layer 2 can offer, with cheaper transactions being the biggest comparative advantage.” Tornado Cash is a fully decentralized Ethereum (ETH) mixer protocol. Tornado Cash masks the path that tokens such as ETH take from sender to receiver, providing completely private transactions without the need to use privacy-focused coins. Layer two networks on Ethereum boast fa...
Kraken exchange defies competitors’ regulatory concerns with SHIB listing
United States-based digital asset exchange Kraken has announced it will begin supporting the viral meme coin Shiba Inu (SHIB) as of Nov. 30. There will be a minimum deposit of 373,000 SHIB ($16 USD), and the minimum trading volume is 50,000 SHIB ($2 USD). SHIB will initially be tradeable against the USD and Euro pairs, however, Kraken Futures and Margin Trading for SHIB won’t be available at launch. New Listing on Kraken: @Shibtoken $SHIB deposits begin NOW! Trading is live November 30. ➡️ Learn more: https://t.co/yUUKaBXKBq pic.twitter.com/L2IUHugyG0 — Kraken Exchange (@krakenfx) November 29, 2021 Australian managing director at Kraken Jonathon Miller told Cointelegraph that the crypto marketplace supports projects with a clear demand for trading, including SHIB. At the time...
Bitcoin cools from 1-week highs with key long-term metric echoing $44K
Bitcoin (BTC) returned to cement higher support on Nov. 30 after the latest BTC price comeback halted near $59,000. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView RSI sees “bullish engulfing” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reversing to local lows of $55,920 on Bitstamp overnight. The pair then recovered to circle $56,500 at the time of writing, with analysts keeping the faith on higher timeframe strength. Popular Twitter personality TechDev noted that Bitcoin’s stochastic relative strength index (Stoch RSI) had “reset” to levels that echo BTC/USD at $44,000 — just before the run, which culminated in all-time highs. “Bullish engulfing printed on stoch RSI cross with RSI reset to 44K levels,” he s...
3LAU Is Giving Away a Singular Copy of a New Song And Its Rights—As an NFT
3LAU is continuing to define the future of NFT technology with an innovative project that will reward one investor with an exclusive song they can personally call their own. The project, titled “WAVEFORM,” is the marquee offering in a collaboration between the Christie’s auction house, NFT platform OpenSea, and 3LAU’s own Royal business venture, which is dedicated to facilitating the tokenization of music on the blockchain. “WAVEFORM” is the title of an original 3LAU track with only one copy in existence. Whomever takes it home at auction will enjoy full mastering and publishing rights to the intellectual property, meaning the owner can choose to distribute, monetize, remix, and even rename the track as they see fit. The NFT also includes a physical...
“Rave Bunnies” Metaverse Project Dangles Carrots to Festival Lovers Looking to Profit From Crypto-Gaming
A new NFT project looking to tap into the $10 billion raving market has arrived—and it’s as colorful and imaginative as one would expect. For those still attempting to wrap their minds around the possibilities of the metaverse, prepare yourselves, because soon there will be the world’s first Bunnyverse to discover thanks to a zany NFT concept called Rave Bunnies. The Bunnyverse combines a virtual music festival experience with play-to-earn-style gaming, an emerging genre of blockchain-based games whereby players have the chance to earn income by way of mere participation. Don’t be fooled by the initial appearances of these fluffy woodland critters. According to a press release, players will need to work to arm their avatar bunnies to the teeth to take on adversa...
DeFi TVL hits new highs while Metaverse tokens show signs of exhaustion
Sentiment in the cryptocurrency market is back on the rise on Nov. 29 as the recent dip down into the “extreme fear” zone on the Crypto Fear and Greed Index improved slightly after Bitcoin (BTC) recovered above the $57,000 support, lifting the index higher into the “fear” zone. Fear & Greed Index. Source: Alternative.me Despite the overall “fear” and “extreme fear” sentiments that have been dominating the market since the index began to decrease on Nov. 16, several sub-sectors of the cryptocurrency market, including metaverse-related projects and gaming protocols, have seen breakouts to new all-time highs. The rapid gains seen in these projects has led to some concern that the metaverse and gaming sectors could see a significant pullback in the short term if traders take pro...
BIS Innovation Hub partners with Fed to support analysis of digital assets
The Federal Reserve Bank of New York has announced it will be partnering with the Bank for International Settlements Innovation Hub as part of the launch of its New York Innovation Center, an initiative aimed at exploring technology used to develop the global financial system. In a Monday speech for the opening of the New York Innovation Center, Federal Reserve chair Jerome Powell said the partnership would support the agency’s analysis of digital currencies, including the rollout of a central bank digital currency, or CBDC. The center plans to support analyses aimed at improving cross-border payment systems. “The pace of technological change and innovation over the last decade has led some to argue that we are on the brink of a fourth industrial revolution — a digital revolution,” s...
3 reasons why traders expect Bitcoin to retake $60K before November ends
The cryptocurrency market saw a boost in sentiment after the price of Bitcoin (BTC) surged above $58,000 in a long-awaited move that rejuvenated traders who have been anxiously waiting for a resumption of the uptrend. BTC/USDT 4-hour chart. Source: TradingView Here’s a look at what analysts and traders are saying about Nov. 29’s price action and whether or not Bitcoin is likely to reclaim the $60,000 level. A $60,000 retest is “on the horizon” Bitcoin’s sudden move to $58,000 may have had caught some traders off guard, but according to independent market analyst and Cointelegraph contributor Michaël van de Poppe, the current price action is going as expected. BTC/USD 4-hour chart. Source: Twitter According to van de Poppe, following Nov. 28’s spike above $57,000, “You’d preferably want to ...
Wen moon? Data shows pro traders becoming more bullish on Bitcoin price
The $4,700 Bitcoin (BTC) price spike on Nov. 29 was likely a great relief for holders, but it seems premature to call the bottom according to derivative metrics. This should not come as a surprise because Bitcoin price is still 15% below the $69,000 all-time high set on Nov. 10. Just 15 days later, the cryptocurrency was testing the $53,500 support after an abrupt 22% correction. Today’s trend reversal was possibly encouraged by MicroStrategy’s announcement that it had acquired 7,002 Bitcoin on Monday at an average price of $59,187 per coin. The listed company raised money by selling 571,001 shares between Oct. 1 and Nov. 29, raising a total of $414.4 million in cash. More bullish news came after German stock market operator Deutsche Boerse announced the listing of the Invesco Physic...
Rosalie Trombley, Canadian Broadcast Legend and Bob Seger Muse, Dies at 82
Canadian broadcast legend Rosalie Trombley, a trailblazer for women in the music industry who was immortalized by Bob Seger in his 1973 single “Rosalie” as “everybody’s favorite little record girl,” died on Nov. 23. She was 82. Seger sang, “she knows music…she’s got the power” in his 1973 song about Trombley, who for nearly two decades served as music director of the influential top 40 station CKLW-AM/The Big 8, situated in the Canadian border city of Windsor across from Detroit. Explore Explore Bob Seger See latest videos, charts and news See latest videos, charts and news “Rosalie was an icon, a trailblazer, and our friend,” Seger posted on Facebook upon learning of her passing. “Through her hard work and incredible instincts, she achieved a rare level of influence and power in music. Wh...
