Using NFT Marketplaces for Philanthropy

Many different potential use cases for non-fungible tokens (NFTs) have come to light in the last few years, including art, gaming, luxury ownership and collectibles. UniqueOne.Network (UON) has been exploring that since the launch of its marketplace Unique.One, which was created to give economic alternatives to artists around the world who have been affected by COVID-19 lockdowns. The founding team wanted to make sure that those artists played a primary role in the development of the platforms by seeking solutions to common issues in artistic fields such as censorship, copyright,…

Ether Poised for Biggest Monthly Price Gain Since April; Analysts Remain Bullish

Katie Stockton, the founder and managing partner of Fairlead Strategies, expects a breakout as intermediate and long-term trends are positive. “The rising 50-day (~10-week) MA, near $2,707 currently, has now become initial support for ether, but we think short-term overbought conditions may be absorbed without a pullback of that magnitude,” Stockton mentioned in the weekly research note published on Monday, referring to the moving average. Source link

Art in the Age of Digital Scarcity: Why NFTs Enchant Us

Last Monday, when Visa announced it had bought a CryptoPunk non-fungible token (NFT) collectible to add to its financial history collection, I noted that these weird little 8-bit crypto tokens were valued for the same reasons people buy luxury status symbols like jewelry or sports cars. But really, that amounts to “they’re valuable because they’re valued,” barely scratching the surface of the deeper why. When you’re talking about bitcoin that’s enough, because it’s money – “it’s valuable because we agree it is” is inherent to the design. If you’re talking…

Why Avatars Dominate the NFT Market

The dominance of avatars is a powerful window into this mysterious, seemingly nonsensical explosion of interest. A set of social norms is quickly emerging, primarily on Twitter, that assumes you only display an NFT in your avatar if you own it. Getting caught posting something you don’t own is a reputational risk, and Crypto Twitter is a significant professional venue, so there’s a very clear status game afoot: The people who can display the most expensive NFT is showing off just how rich and successful they are. Source link

Should Crypto Journalists Own Crypto?

I still remember my first bitcoin. Well, around half a bitcoin. It was early 2014, and I was at Bitcoin Miami reporting on, among other things, the announcement of Ethereum. We were in the midst of a raging bull market, and BTC had recently skyrocketed to over $600 – unthinkable heights! I split a hotel room and my roommate sent me $250 worth of BTC to cover his share. To this day it’s still the most bitcoin I’ve ever owned. It would be worth around $25,000 right now, for an…

Why Are Digital Assets Different?

Digital assets, cryptocurrency, decentralized finance (DeFi), non-fungible tokens (NFTs) – they have all been the subject of intense media hype. No doubt you’ve heard of at least a few people who have become wealthy through their investment in digital assets, as well as a few who have lost all or part of their investment. What started with bitcoin has ballooned into a huge array of digital assets, which come with their own technologies, lexicon, risks and loyal followings. Now, you likely have clients who are asking about the possibility of…

Fox Leads Investment in Blockchain Tech Firm Eluvio

Entertainment giant Fox has made a strategic investment in Berkeley, Calif.-based Eluvio to “accelerate the adoption of Eluvio’s blockchain/NFT platform” across the entertainment industry. Terms of the deal were not disclosed, but Fox said its investment marks the completion of Eluvio’s Series A round that values the company at $100 million. Eluvio Content Fabric is a blockchain network “for owner-controlled storage, distribution, and monetization of digital content at scale,” the companies said in a press release. As part of the deal, Eluvio, which was started in 2019, will provide the…

Some Filipino Merchants Prefer Payment in Axie’s SLP

Inside SM Aura, one of Metro Manila’s many sprawling shopping malls, you’ll find a wonderfully whimsical “co-baking” space called Bakebe. Pronounced Bake-be, the idea is borrowed from a concept store in Hong Kong that uses an app to teach guests how to bake the cake of their dreams. Upon arrival, you’re greeted by a gaggle of electric mixers straight out of Barbie’s Dreamhouse, and pink-frosting walls lined with big glass jars, each brimming with edible treasures: chocolate buttons, rainbow sprinkles, mini meringues, cookie crumbles and more. And now, to top…

BTX: CoinDesk’s Basic Attention Token Price Index

The CoinDesk Basic Attention Token Price Index (BTX) is the world’s leading reference for the price of the basic attention token (BAT), used by the largest institutions that are active in the crypto market. Asset allocators, asset managers, market participants and exchanges all rely on the BTX to provide a real-time, USD-equivalent spot rate for the basic attention token. The BTX is one of a suite of single- and multi-asset indices offered by CoinDesk.* !function(){“use strict”;window.addEventListener(“message”,(function(a){if(void 0!==a.data[“datawrapper-height”])for(var e in a.data[“datawrapper-height”]){var t=document.getElementById(“datawrapper-chart-“+e)||document.querySelector(“iframe[src*=’”+e+”‘]”);t&&(t.style.height=a.data[“datawrapper-height”][e]+”px”)}}))}(); Index licensing To inquire about real-time feeds, historical data…