Big Bang Coin

2022-05-23 19:30:45 ​Interest in Ethereum Name Service reaching ‘critical mass’

The Ethereum Name Service is having its best month on record for new registrations, account renewals and revenue thanks to community awareness and low gas fees.

Lead developer at Ethereum Name Service (ENS) Nick Johnson tweeted on Monday the metrics for the Web3 domain service through May so far. He noted that numbers were poised to shatter existing records because they were already at all-time highs, “and there’s still a week of May left.”

May is now an All Time High for every single ENS metric we track - registrations, renewals, revenue (ETH & USD) and income (ETH & USD).

And there's still a week of May left.

Jonson told Cointelegraph on Monday that the main factor contributing to higher demand in ENS domains is that it is a place where people can “form shared communities without any overarching structure imposed on them beforehand.” This has had astounding results for the domain service:

“ENS has reached a critical mass of awareness and adoption. Most wallets support ENS names, so the usability factor is significant.”

ENS is an open-source blockchain protocol founded in 2017 that allows people to assign a digital identity to their Ethereum wallet. Each name is a nonfungible token (NFT) that ends with .eth and can act as an address, a cryptographic hash or a website URL.

The data shared by Johnson shows that there have been 304,968 new registrations, 13,260 renewals, and 3,165.85 Ether (ETH) in revenue so far in May. All of these metrics leave previous highs in the dust.

Johnson also said that ”low gas fees definitely have an impact” on the higher onboarding and renewal rates. To send a fast transaction on Ethereum costs about 22 GWEI, worth about $0.92 at the time of writing, according to gasprice.io. In periods of high volume, gas fees can be higher than $50, which may act as a deterrent to using the network unless in emergencies:

“You can register a 5+ character ENS name for a year for $5. High gas fees can make the cost several times that, so gas prices have a big impact on the affordability of ENS names.”

Interest in ENS domains has been quickly rising since April, when social clubs such as the 10k Club within ENS gained tremendous attention. The 10k Club was formed by owners of ENS domains numbered between 0-9999. Both new registrations and renewals have nearly doubled since then.

ENS’s record high revenues coupled with a market downturn has sparked plans in the ENS decentralized autonomous organization (DAO) to squirrel away funds for ongoing development. Johnson stated that the income slated for funding development and maintenance “for the indefinite future” would help the project weather further market volatility:

“With that guarantee against market effects, additional funds can be used more freely to help grow the ecosystem.”

However, the bullish metrics have not been reflected in ENS prices. The token has been on a steady decline since its November 2021 launch in which all .eth domain holders were airdropped a portion of the supply. ENS has fallen 86% from its November all-time high to $12.21, according to CoinGecko. Open / Comment

2022-05-18 22:00:04 ​Ethereum analytics firm Nansen acquires DeFi tracker Ape Board

Blockchain analytics firm Nansen to launch a new portfolio tracker integrated with the rest of its features with the new acquisition.

Major Ethereum blockchain analytics platform Nansen continues scaling its operations by acquiring a cross-chain decentralized finance (DeFi) tracker.

Nansen has acquired the multi-chain portfolio tracker Ape Board in an eight-figure deal, the firm announced to Cointelegraph on Tuesday.

Closing later in May, the acquisition will unite the teams of the two platforms, aiming to combine Nansen’s analytics and Ape Board’s portfolio tracking to provide an all-in-one information service.

As part of the acquisition, 13 employees at Ape Board will join Nansen’s team counting 120 analysts, product managers and engineers to jointly provide the “definitive information super-app of Web3.”

“Ape Board will become the starting point of a new Nansen Portfolio tracker. It’ll be free to use, and will integrate seamlessly with the rest of Nansen’s features,” a spokesperson for Nansen told Cointelegraph.

Founded in 2019, Nansen was named after scientist and explorer Fridtjof Nansen as the platform is focused on providing data and analysis about the Ethereum blockchain. The platform is backed by some prominent industry investors like Andreessen Horowitz and Coinbase Ventures. In 2021, Nansen raised $12 million in a Series A funding round to build a blockchain analytics platform for the DeFi sector.

Ape Board was a perfect match for Nansen to aspire to its DeFi ambitions. Launched in 2021, Ape Board is designed to provide an aggregator pulling together all DeFi investments into one platform. The platform supports 36 blockchains including Ethereum (ETH), BNB Smart Chain (BNB), Terra (LUNA), Solana (SOL), Binance Exchange and Polygon (MATIC) as well as 390 protocols.

Related: Robinhood acquires British crypto firm Ziglu to push expansion plans

With the new acquisition, Nansen aims to pave a path towards becoming the go-to information super-app for Web3, a spokesperson for the firm said, adding:

“The next 12–18 months will likely mark a consolidation period for crypto. Nansen has a strong war chest, and we plan to continue being aggressive with our growth and build an unrivaled, all-in-one market intelligence platform.”
“Obtaining data from the cryptocurrency ecosystem, specifically, DeFi protocols and blockchains is complex and fragmented,” Nansen CEO Alex Svanevik said. “With this acquisition, we take a big step towards bringing all the market intelligence a trader, institution or business needs under one roof,” he added. Open / Comment

2022-05-12 21:00:44 ​The WeWay ($WWY) token is constantly and consistently GROWING! It looks to be ahead of another surge, up nearly 10% in the last 24 hours!

At the same time:

WeWay is both sponsoring & hosting the World Bloggers Awards
About to launch its own Move-to-Earn project
Will be listed on Gate and Bitmart this WEEK!

The time to get into WeWay is NOW, A BIG BOOST is expected before listing! Get in before the next big surge!! $WWY is about to fly off the charts!

BUY WWY Pancakeswap
BUY WWY Uniswap
BUY WWY MEXC Open / Comment

2022-05-11 20:30:01 ​ Lady Llamas mint goes live May 16-18

Lady Llamas are a 3d avatar project that bridges nft’s and the physical world. With talks of a television show being planned and fully immersive metaverse quests the @LaidbackLlamas ecosystem is starting to look criminally undervalued.
Ps. Heard celebrity voice overs will be a thing..

future television series, metaverse quests, P2E, IRL redeemables, airdrops + more

You do not want to miss this mint

Giving away 25 WL spots in here before the mint!!

https://discord.gg/laidbackllamas Open / Comment

2022-05-10 19:30:00 ​Metazork NFT Raffle close in 24h, already more than 35K registrations!

You missed your chance to get WL spot?

Register to the raffle to mint at a lower price:

premint.xyz/metazork

Why should I mint Metazork NFT?

- Joining the horde means becoming a member of a project that combines Web2 and Web3 via the creation of a video game available on Appstore and Google Store.
- By joining the horde, you become a shareholder of the company Metazork Origin and earn passive income based on profits.
- 10% of royalties are paid to holders.
- Be the lucky owner that will win 1000$ per month for ever!

Join discord: https://discord.gg/aEpESrwN Open / Comment

2022-05-08 21:00:05 ​The wait is over….

MINT IS LIVE

LA Street Artist PUNKMETENDER (https://www.instagram.com/punkmetender/) Launches His NFT COLLECTION

Romain world-famous Artist with work made specifically for various A-list celebrities including Kylie Jenner, David Guetta, Paris Hilton, Mariah Carey...

Join the the first DAO & web3 incubator whose goal is to ease the NFT market access for artists, and end-users.

You can get a chance to MINT your own @punkangelsnft on https://mint.punkangels.io/public

https://punkangels.io/ Open / Comment

2022-05-04 21:56:10 Pics of Pigs is a project from NIFTS creative gallery.

It’s not just NFT, it’s a mirror of real life, where owners can affect the plot of Pigs Metaverse.

Pigs live like a real community: they talk, they make friends and they love. Pigs set life goals and strive to achieve them.

But there’s unfair inequality in the Pigs world.

They live in a three class system: rich, middle and poor.

Getting from one class to another is very difficult and almost impossible for Pigs on their own, and only you can help them to do it.

Dive into the twists and turns of amazing pigs' lives and make it better.

Twitter | Discord Open / Comment

2022-05-02 19:00:05 ​Modern-day business strategy: Design studio Embacy created its own NFT-tokens

Embacy is a global design agency that creates world-class projects for the digital world. More than a quarter of Embacy's clients operate in cryptocurrency.

Being a progressive team, Embacy follows the trends and accepts cryptocurrency payment. Few months ago Embacy have decided to go even further and started to create our own NFT-tokens — Embacy Coin.

The Collection on OpenSea

It represents a week of agency team work, i.e., five-day design sprint. It can, therefore, be exchanged for a week's worth of Embacy services. For instance, potential clients can buy 3 Embacy Сoins to make a simple landing page or 5 — to make a great branding project.

The actual cost of Embacy design sprint is flexible between $3.5k to $4.5k, but to get NFT’s more attractive Embacy have discounted them to $2.9к each.
NFT-Project Details
Follow Embacy Twitter Open / Comment

2022-04-29 20:30:00 ​Cryptopedia: Learn the basics of smart contracts and how they work

Cointelegraph explains what smart contracts are and how this blockchain-based technology changes the way transactions are made.

Cointelegraph's Jackson DuMont tackles smart contracts in the latest episode of Cryptopedia. He explains how smart contracts work from the basics and provides examples of how they can be utilized in real-world scenarios.

DuMont describes smart contracts as code within the blockchain that "execute when specific conditions are met." They are self-executing contracts built on blockchain technology and have the power to complete transactions without middlemen.

As an example, DuMont explained the difference between transacting in a centralized exchange like Binance and doing the same transactions with a decentralized exchange (DEX) like Uniswap, which is powered by smart contracts.

With Binance, a user has to believe that Binance will complete their transaction, and the execution of the transaction relies on the user's trust in the third party, which in this case is Binance. On the other hand, DuMont explains that:

“Smart contracts eliminate the need for a middleman because instead of being run on a company server, they're run on a decentralized blockchain network.”
Related: Cryptopedia: Learn about Web3 and how it aims to transform internet services

This means that the chances of a smart contract being executed are higher, as the network is not controlled by a single company. Instead, a blockchain network is run by various anonymous nodes distributed throughout the world.

“If you want to interact with someone else through a smart contract, you don't have to know who they are. You don't even have to trust them.”
Simply put, nodes are tiny servers that ping each other constantly to make sure that the data within the blockchain is coherent with each other. This includes smart contracts, which are "replicated and distributed to all nodes in the network," explained DuMont.

Lastly, DuMont explains that there are many use cases for smart contracts within various sectors like investing, gaming, voting, crowdfunding payments, insurance, and more. DuMont notes that applications for smart contracts are limited only by people's creativity. Open / Comment

2022-04-27 23:02:00 ​Check out this new Cardano Metaverse Project Cardalonia

They are building a Metaverse Ecosystem on the blockchain powered by the LONIA token that will give exclusive benefits like Automatic whitelist for Terrania (Cardalonia Land) sale.

They just started a token sale and have raised almost 50K in 24 hours.

You can join the sale here: https://cardalonia.io/buy/

Join Discord Community: https://discord.gg/YChadw7fVD Open / Comment