NFT
Non-Fungible Nightlife: E11EVEN’s Bitcoin Conference 2022 Events Fuel Miami’s Crypto Crusade
In the quest to become the nation’s crypto capital, the city of Miami has pulled ahead—and E11EVEN is one of the keys. The $40 million Ultraclub has torn hell for leather into the DeFi movement, adopting cryptocurrency at a dizzying pace as Miami officials work to incorporate it into the city’s infrastructure. And during a time when Mayor Francis Suarez is hellbent on building “crypto’s version of Silicon Valley,” it seems E11EVEN is angling to be the vanguard of the city’s glitzy foray into the intersection of entertainment and blockchain tech. Since E11EVEN’s groundbreaking move to become the country’s first nightlife establishment to accept Bitcoin as a form of payment, they have since processed over $5 million of it at the venue, accordin...
UK defines a new plan as it seeks to become a global crypto hub
The UK will legalise the use of stablecoins to settle payments The government is also embracing NFTs, with plans to mint one this summer The Treasury Economic Secretary John Glen insisted on the need to adopt dynamic regulations The UK has shared a new plan with a series of measures toward becoming a global hub for crypto-asset technology. As per a statement published yesterday, the Chancellor of the Exchequer Rishi Sunak noted that the measures would empower firms to invest, scale and establish innovative projects in the country. “We want to see the businesses of tomorrow – and the jobs they create – here in the UK, and by regulating effectively, we can give them the confidence they need to think and invest long-term,” he noted. Stablecoins as a payment option At the top ...
First Look: Peek Inside FutureFest’s Digital Pinball Machine Ahead of Kaskade’s Metaverse DJ Set
Planning one of the year’s most innovative concerts in the metaverse, FutureFest is on a mission to reinvent shared music experiences. Thanks to FutureFest, you can soon roam around a giant, digital pinball machine as a robot avatar—and serenaded by the sounds of Kaskade. The iconic DJ and electronic music producer is gearing up for a one-of-a-kind performance for FutureFest, an innovative Web3 project based on the Cardano blockchain. The event is co-presented by Space Yacht, who recently launched their “Space Pass” utility NFT on Nifty Gateway, giving fans access to over 100 IRL Space Yacht events as well as metaverse events. Kaskade will be beaming in for a virtual performance in Future Fest’s intricately designed metaverse, which is situated inside a polychromati...
How ambitious young projects are connecting Distributed Ledger Technology and music
Blockchain is simple to understand at a basic level, existing as a distributed database, where different devices distributed across the network must verify the entries posted. As a result, blockchain is most well-known for decentralization, anonymity and security, all of which are evident in the first cryptocurrency, Bitcoin (BTC). While many are quick to associate Bitcoin with blockchain, this is only one of the possible use cases for the technology. One of the most notable use cases right now is the music industry, where creators have gained new opportunities to connect with their fans directly, further eliminating the need for an intermediary. Today, the music industry is plagued with several overarching concerns, including the burden that record labels seem to place on the musicians th...
Zilliqa’s ‘metaverse’ debut pumps ZIL price 350% in just five days — Selloff ahead?
Zilliqa (ZIL) continues its supersonic bull run this week after reports that it will officially launch a so-called metaverse-as-a-service (MaaS) platform in April. ZIL rallied nearly 25% in one day to $0.22 a token by March 30, its best level since May 13, 2021. Its strong move came as a part of a rebound rally that started March 26 when it was trading for as low as $0.047. As a result, its net gains in the past six days came out to be more than 350%. ZIL/USD daily price chart. Source: TradingView Metaverse FOMO Traders started flocking to the Zilliqa market the day after it announced the launch of Metapolis, a MaaS platform built on Nvidia Omniverse, during a VIP event coming April 2 in Miami. The metaverse concept and the companies trying to build it attracted nearly $3 billio...
Mark Karpeles announces commemorative NFT drop for Mt. Gox users
The former CEO of thnow-defunct crypto exchange Mt. Gox has announced that certain users will be eligible to receive commemorative nonfungible tokens, or NFTs. In a Monday announcement on Twitter, Mark Karpelès said that crypto users who were Mt. Gox customers between 2010 and 2014 — during which time the exchange was hacked and subsequently declared bankruptcy — could register to claim a free NFT. According to the CEO, the offer extends to users who had a balance or have claimed losses from the defunct exchange. “Mt. Gox customers are early adopters, some of them were on BitcoinTalk when Satoshi Nakamoto was still posting,” said the project website. “A new token or NFT airdrop is a great way to engage users and at the same time erase a bit of the loss incurred in Mt. Gox.” You can claim y...
What is front-running in crypto and NFT trading?
Wash trading is when an investor sells and buys the same asset to inflate the value of security artificially. On the other hand, a front-running attack on a blockchain occurs when a malicious user discovers a swap transaction after it has been broadcasted but before it has been finalized and reorders transactions to their benefit. The NFT market is particularly susceptible to a practice known as wash trading. Several NFT trading platforms allow users to trade without identifying themselves by connecting their wallets to the site. This means that a single user can establish many wallets and link them to a platform. After that, a person can control both sides of an NFT trade, selling it from one wallet and buying it from another. The trade volume increases as numerous similar trans...
How to convert your digital art into NFTs and sell it
What is an NFT? NFTs are nonfungible tokens. The adjective “nonfungible” is often used in economics to represent features such as uniqueness and non-interchangeability. In the crypto space, nonfungibility simply indicates that one item cannot be exchanged for another. A “token” as a unit of account is basically a certificate of validity stored on the decentralized blockchain, making digital assets traceable and accessible to everyone. As a result, NFTs are a one-of-a-kind virtual currency that can fall into pretty much any category and usually take the shape of paintings, videos, music, collectible items in video games or any other type of creative digital production. Since NFTs boomed in early 2021, everyone is now buying and selling these tokens throughout the world. But, how can someone...
Ukraine launches NFT museum ‘to keep the memory of war’
The Ministry of Digital Transformation in Ukraine has started an online nonfungible token museum aimed at preserving the timeline of major events starting with the Russian military invading the country. In a Friday tweet, Ukraine’s minister of digital transformation Mykhailo Fedorov said the government launched an initiative with nonfungible token, or NFT, artwork depicting key moments from the Ukrainian perspective from Feb. 24 onward. The NFTs feature events starting at 5:45 AM local time on the day of the conflict, when Russia announced a “special military operation” in the Donbas region of Ukraine. According to the NFT museum website at the time of publication, 54 NFTs of key moments in the war between Feb. 24 and Feb. 26 will be available starting on March 30, with proceeds of the sal...
Listen: “UR Heart” Breaks Bag Raiders’ Three-Year Hiatus, Marks Launch of New Record Label
It’s been three years since the release of Bag Raiders‘ sophomore album, Horizons, and almost 14 since their would-be viral breakout hit, “Shooting Stars.” Today, the Aussie duo make their return with “UR Heart,” a rapturous exploration of melodic tech house. Celestial arpeggios and filtered vocal samples fill out the track’s hypnotic soundscapes, all underscored by luscious basslines and an undulating percussion break. “It just aims to get the legs moving and the blood pumping,” Bag Raiders said. Scroll to Continue Recommended Articles And there’s more on the way. “UR Heart” is only the first in a “long line” of releases in the pipeline, Bag Raiders has promised, all folded into the next club-oriente...
Why Bored Ape Yacht Club scares me
Last week, I wrote an article on ApeCoin, the new cryptocurrency launched to be “the primary token for all new products and services” from the Bored Ape Yacht Club (BAYC). I won’t go over previously covered ground, but to summarise it quickly, ApeCoin is an ERC-20 governance token; the thesis is that holders can vote on potential changes to Bored Ape Yacht Club, in addition to gaining access to exclusive events and merchandise, as well as use it for in-game currency. After a bit of a volatile start (who would have guessed?) the coin has gone vertical, with a market cap of $3.7 billion at time of writing. BAYC have yet again proved that everything they touch turns to gold (although Bitcoin diehards may not like the choice of words in that expression). $450 million raise Yuga Labs, the creat...
BAYC’s ApeCoin up 50% this week as its creator raises $450M in new funding
ApeCoin (APE) continued its rebound move Thursday as the firm behind it raised hundreds of millions of dollars in a funding round led by Andreessen Horowitz. APE’s price surged 7.5% intraday to reach around $14.50 per piece. Notably, the token’s upside move came as a part of a retracement rally that started at the beginning of this week when it was changing hands for as low as $9.50. That pushed APE’s week-to-date profits up by 50%, making it one of the best-performing digital assets since March 21. APE/USD daily price chart. Source: TradingView Big VC booster To recap, ApeCoin digital currency came to existence on March 17, via an “airdrop” backed by Yuga Labs, the creator of the Bored Ape Yacht Club (BAYC), a collection of nonfungible tokens (NFT) popul...
