NFT
Is MATIC price about to double? Polygon’s Reddit hype pushes exchange balance to 9-month lows
A sharp rebound in the Polygon (MATIC) market in the last four months has increased its price by 200% when measured from its June 2022 bottom of $0.31. And now, the token is showing signs of undergoing another major market rally. MATIC exchange balance hits nine-month low Notably, the MATIC supply held by all crypto exchanges fell to 802.15 million on Oct. 26, its lowest level since January 2022. The plunge came as a part of a broader downtrend that has witnessed over 600 million MATIC leaving exchanges in the last four months, data on Santiment shows. MATIC balance on exchanges versus price. Source: Santiment A declining crypto balance across exchanges is perceived as bullish by the market since traders typically withdraw their funds from trading platforms when they want to hold the token...
David Guetta and MORTEN Launch New Future Rave Record Label
What do you get when you mix French icon David Guetta and Danish dance music superstar MORTEN? A new future rave record label, among many other things. The two pioneers of the future rave genre are launching a brand new record label, aptly named “Future Rave,” to showcase the next wave of the genre’s talent. To officially launch the imprint, Guetta and MORTEN have confirmed a new EP, which is scheduled to release on Friday, November 4th. The two innovators have led the future rave movement since the release of one of the first tracks in the genre, “Never Be Alone” (with Aloe Blacc). They have continued to push the sound relentlessly as it evolves into a full-fledged genre that frequents festivals around the world. Scroll to Continue Recommended Articles G...
1001Tracklists Reveal “Top 101 Producers of 2022” List
It’s that time of year again: the weather is getting colder, festival season is coming to a close and 1001Tracklists, the world’s leading DJ tracklist database, has released their annual rankings. The brand’s Top Producers of 2022 list ranks artists whose music amassed the most DJ support from October 1st, 2021 to September 20th, 2022. Taking the top spot is David Guetta, followed by Vintage Culture, Kryder, John Summit and Tiësto. 1001Tracklists Top 101 Producers 2022. 1001Tracklists/Twitter In an effort to empower women and POC producers, 1001Tracklists hand-selected 101 Future of Dance Music Producers. From across the globe, these artists have helped to define the sounds of electronic music. Scroll to Continue Recommended Articles Jamie Jones, Honeyluv, M...
What are CC0 NFTs, and why are they important?
As the Web3 world has largely promoted transparency and openness with code, NFT creators and teams are also opting for the same with art. However, that is just the beginning of the journey, and these nonfungible token creators and communities must realize that. CC0 can sometimes be portrayed as a logical conclusion where the NFT creators hand over the process of building on their creation to their community and beyond. Some NFT collections have had several derivative projects promoting the culture of the NFT almost as brand extensions. However, declaring a project as CC0 is just the beginning. NFT project teams and creators who take the CC0 route must actively promote the use of the brand and onboard other creators and projects to build brand extensions to their NFT collections. ...
Beeple’s Discord URL ‘hijacked,’ directing users to wallet drainer
Non fungible token (NFT) artist Mike “Beeple” Winkelmann has found himself the target of phishing scammers yet again, warning users that the URL link to his official Discord server was “hacked” — sending unaware new members to a wallet draining Discord channel if they follow the link. In an Oct. 3 post, the NFT artist warned users not to go into the “fraudulent” Discord channel and verify as it will “drain your wallet.” it appears our discord URLs were hacked to point to a fraudulent discord. DO NOT go into that discord and do not verify, it will drain your wallet!! once again massive thanks again to discord for being garbage. — beeple (@beeple) October 3, 2022 However, Beeple wasn’t the first to notice the URL slight-of-hand, with Twitter user maxnaut.eth not...
The feds are coming for the metaverse — from Axie Infinity to Bored Apes
The metaverse is a futuristic iteration of the internet, featuring a digital economy and an immersive virtual environment alongside other interactive features. This relatively nascent space has gained so much traction in recent years that conservative estimates suggest that by 2024, its total valuation could top $800 billion. Meta (the parent body behind Facebook and Instagram), Google, Microsoft, Nvidia, Nike and others have made Fortune-100-sized metaverse splashes. But with great valuations comes great scrutiny from increasingly tech-savvy financial regulators. Unlike traditional tech products, which often spend years putting growth over revenue, some metaverse projects push questionable monetization schemes on their users prior to launching a live experience. Metaverse real estate is a...
Dutch Designer Dzanar Teams Up With G-Eazy for Debut NFT Collection
Dutch designer Dzanar and multi-Platinum rapper G-Eazy have joined forces for the latter’s debut NFT collection. It’s called “The Geralds” and it was minted on the Quincy Jones-backed digital collectibles platform OneOf. Showcasing the different aspects of G-Eazy’s personality and hobbies, the NFTs are sold in packs so fans can purchase different combinations and win VIP perks, like meeting the chart-topping rapper in-person. Having taken on design projects for a slew of major contemporary music artists, like Akon, Chris Brown, Ed Sheeran, Kesha and more, Dzanar has cemented himself as a coveted collaborator in the music industry. c/o Dzanar The designer says he experiences synesthesia, a condition which essentially triggers the senses so when you hear music, you see shap...
3 ‘blockbuster’ titles that could save GameFi — ABGA President
Kevin Shao, Executive President of the Asia Blockchain Gaming Alliance (ABGA) says he’s holding out hope for three “triple-A” blockchain gaming titles that could help propel GameFi into the mainstream and rescue it from the bear market. Speaking to Cointelegraph during Asia Crypto Week, the Executive President said one obstacle preventing mainstream adoption is current GameFi titles often have a focus on non-fungible tokens (NFTs) and play-to-earn (P2E) features without caring about “game performance,” and users’ enjoyment. In a P2E model, gamers typically buy an NFT in order to play the game and can win gaming tokens which can then beconverted into Bitcoin (BTC), Ethereum (ETH), fiat currency, or stablecoins. While he acknowledges these current GameFi titles are enjoyable for a...
Almost everything could be tokenized in 5-10 years — Matrixport co-founder
In five to ten years, almost every “real world” asset class could be tokenized in the form of a nonfungible token (NFT) according to Cynthia Wu, co-founder of digital asset service platform Matrixport. Speaking to Cointelegraph, Wu said the best case for NFTs would see the widespread representation of real-world assets to be stored and traded on-chain: “Eventually, all the major financial asset classes are going to be represented on this new financial infrastructure [and] NFTs could be our instrument to represent off-chain assets like real estate deeds, equities or bonds.” The move on-chain would make these real-world assets “more liquid and more tradable,” which would improve price discovery and transaction activity, Wu added. But Wu said that while it’s great that we’ve created over two ...
Disney seeks corporate lawyer for ’emerging technologies’ and NFTs
The Walt Disney Company could be on the verge of expanding into the crypto space after posting a new job for an “experienced corporate attorney” to work on “emerging technologies” such as nonfungible tokens (NFTs) and the Metaverse. According to the Sept. 23 listing on the Disney careers website, the company is hiring for a “Principal Counsel — Corporate Transactions, Emerging Technologies & NFTs” to work on transactions involving NFTs, the Metaverse, blockchain, and decentralized finance (DeFi). Specifically the entertainment conglomerate is seeking someone to provide “full product life cycle legal advice and support for global NFT products” and ensure they comply with all current laws and regulations on U.S. soil and internationally. Other duties include “...
‘Grotesquely overpriced’ — Apple’s App Store wants 30% cut on NFT sales
Non-fungible token (NFT) app developers and others have balked at a decision by tech giant Apple to impose a 30% commission on NFTs sold through apps on its marketplace, effectively putting NFT purchases in the same boat as regular in-app purchases. According to a Friday report from The Information, the smartphone company is now allowing NFTs to be bought and sold through apps listed on its marketplace but imposes its standard commission on in-app purchases of 30% — similar to that imposed by Android’s app store Google Play. The commission rate has however been slammed by some for being “grotesquely overpriced” — particularly when compared to standard NFT marketplace commissions, which are around 2.5%. Tech blogger Florian Mueller called Apple’s “app tax” on NFT sales “abusive but consiste...
NFTs ‘biggest on-ramp’ to crypto in Central, Southern Asia and Oceania — report
Nonfungible tokens (NFTs) may be the biggest driver of crypto adoption in Central, Southern Asia, and Oceania (CSAO), a new report has found. According to a Sept. 21 Chainalysis post titled “Crypto Adoption Steadies in South Asia, Soars in the Southeast,” NFT-related actions accounted for 58% of all web traffic going to cryptocurrency services from this region in the second quarter of 2022. Meanwhile another 21% of traffic in the quarter went to websites of play-to-earn (P2E) blockchain games, with major titles including Axie Infinity, STEPN and Battle Infinity. Chainalysis noted that P2E blockchain games are “intimately related” to NFTs, as most P2E games feature in-game items in the form of NFTs that can be sold on marketplaces like MagicEden and OpenSea, thus meaning: ...
