NFT / BTC / DEFI News 📣

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2021-12-08 19:48:53 ​​Fairspin TFSbeta tokens available to early adopters prior to sales

Fairspin will implement an analogue of staking for players to receive rewards using TFSbeta tokens (TFS).

The TFSbeta token is built on the ERC-20 standard and will be released on the Uniswap exchange very soon!

Fairspin is the first online casino to combine the classic game and blockchain. Unlike other gaming platforms, the team provides players with transparency through the blockchain. Now that blockchain casinos have grown and evolved, it was decided to provide even more opportunities - soon users will be able to receive project tokens at a very early stage.

Tokenized cashback

At Fairspin, users receive tokens for playing regardless of the outcome. But this tokenized cashback isn't the only benefit. TFS tokens are credited to accounts instantly, which is also not typical for conventional gaming platforms.

Opportunities for holders

Using the Trueplay blockchain solution, Fairspin also offers the Hold to Earn program - players can freeze their TFS tokens for a fixed period of time and receive additional tokens as rewards based on the number of participants, casino income and blocking period.

Register on the website, where you can read the details about the new token, get bonuses and see the list of games. Open / Comment

2021-12-07 21:24:14 ​IDO of $WX token on well-known exchange Waves.Exchange raised $50 million in 29 hours

And vesting of $WX tokens and new pool of liquidity WX/USDN have already started on November 25.
The price of $WX at the moment of launch was $90 per token, now it is holding at the level of $10.

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the user will receive weekly governance rewards. They will be divided between WX holders who locked their tokens.

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Join the community Open / Comment

2021-12-06 17:01:12 @nft_third_place announces pre-sale of collective NFT ownership of the original Renoir painting

Thanks to the NFT technology, the rights to use the found objects of art will be presented in the form of several thousand unique fragments – tokens.

The first in line is the Renoir painting DOUBLE PORTRAIT DE JEANNE BAUDOT, the picture is divided into 1,125 pieces at a price of 0.5 ETH per token, sales will begin on December 22

https://nft.third.place/event/double-portrait-de-jeanne-baudot

Immediately after the sale ends, the secondary market will open and you can put your piece up for sale

Also, each NFT owner will be able to stake it, as a result of receiving the Governance token. The Governance token will allow you to take part in decisions within the framework of the project, for example, to vote which next painting should be purchased, where to place the art, and in which temporary exhibition it should take part.

After the purchase, the painting is delivered to the creative cultural city space Third Place based in the old mansion Naryshkin Palace in the heart of Saint Petersburg and will be exhibited in a special black box, which will be equipped with environmental control sensors, lighting, a surveillance camera, and, most importantly, automatic curtains that will reveal the painting to the public according to a schedule (for example, from 12:00 to 14:00). But the owners of the NFT can exercise their rights at any time by exposing the picture whenever they choose to

The Third Place plans to buy at least 10 more paintings in 2022. Thus, absolutely anyone can feel involved in buying a work worth tens of millions of dollars, and the masterpieces of painting by authorship The masterpieces of Vincent Van Gogh, Pierre Auguste Renoir, Paul Gauguin, and many others can beautify the walls of museums and art spaces. Open / Comment

2021-12-06 07:53:10 ​In the UK, they saw the risks of money laundering through the NFT

Non-interchangeable tokens (NFT) can be used to launder money or attract the attention of hackers, and the creation of a regulatory framework and constant monitoring will help reduce risks. This conclusion was reached at the Royal United Institute for Defense Studies (RUSI).

"NFTs are most often bought for cryptocurrency on online markets. Cryptocurrencies are commonly used for malicious activities, such as hiding the source of criminal proceeds," the report notes.

According to experts, the digital aspect of this sector creates space for "other new risks". In particular, they pointed out the possibility of creating fakes and hacker attacks. In August, a Pranksy collector purchased a work allegedly belonging to an anonymous Banksy artist. He paid 100 ETH for it, and a few hours later he was sent a duplicate token.

In September, Messari analyst Chase Devens became one of the victims of a phishing attack on the issue of tokens of the NFT-project Aurory Project on the Solana blockchain. The attacker withdrew more than $1 million from the wallets of the victims of cryptocurrencies and NFT.

"Criminals can hack user accounts on trading platforms and transfer NFT to their own accounts. After that, the hacker has the opportunity to quickly sell the stolen tokens and try to launder the proceeds," RUSI said.

The researchers see the solution to the problems listed in the report in the introduction of KYC procedures, as well as the implementation of two-factor authentication for platform users. RUSI admitted that an effective method is to create a register of stolen or fake NFTs — a similar list is used in the traditional art market, preventing the resale of such lots at auctions.

Recall that in October, an unknown person organized the pre-sale of fake NFTs issued on the Solana blockchain, and disappeared with user funds.

At the end of November, a collection of stormtrooper helmets from "Star Wars" in the form of art objects of the Art Wars project was sold as NFT without the knowledge of the artists. Open / Comment

2021-12-01 22:51:21 ​AI artist Botto earned more than $1 million on the sale of NFT

An artificial intelligence algorithm called Botto earned about $1.3 million for its first six works in the form of NFT. The auction takes place on the SuperRare marketplace, writes New Atlas.

When creating a picture, Botto generates random strings of sentences and transmits them to the VQGAN neural network, which creates images using examples of famous works of art.

After that, the CLIP algorithm determines how close the result is to the original string of words. If necessary, it forces VQGAN to redo the image until it gets a "passing score".

CLIP also selects a title for the picture, consisting of two words.

To describe the image, Botto uses the GPT-3 language model from OpenAI. It generates up to ten different passages of abstract poetry, which the development team checks, edits and selects the most appropriate option.

The algorithm generates 300 images per day. Then the "taste model" selects 350 paintings each week and sends them to the community members for voting. The image with the highest score is converted to NFT and put up for auction.

At the time of writing, the project managed to realize six paintings. The first two were sold for $300,000-400,000, but the value of the last lot was $81,000.

The developers used the proceeds to develop a project that issues its own Botto token, which is used by community members to vote for the best, in their opinion, options. After each auction, some of the coins are redeemed and burned.

Recall that in November, a 14-year-old artist from the United States earned over $ 1 million in non-interchangeable tokens in 10 hours.

In August Fetch.ai launched an NFT marketplace for art objects created using AI. Open / Comment

2021-11-30 10:17:56 Solana Foundation announced carbon neutrality of the network

The non-profit organization Solana Foundation, which is behind the development of the Solana project, plans to introduce a program that will help make the network of validators carbon neutral by the end of 2021.

Really proud we were able to pull this report on Solana's energy usage together in time for Thanksgiving https://t.co/rmQzFpUGdj
— Austin Federa (@Austin_Federa) November 24, 2021

In May, the organization signed a contract with energy and climate consultant Robert Murphy. The task of the specialist is to determine the impact of transactions performed on the blockchain on the environment.

“Transactions are fundamental components of Solana: buying NFT, making transactions or other actions that you can perform using the network are all transactions,” the November energy consumption report of the project says.

According to the document, one transaction in the Solana network requires 0.00051 kWh or 1,836 J of energy. This is comparable to the cost of two Google search queries.

At the same time, the same indicator for bitcoin is 6,995,592,000 J, Ethereum - 692 820,000 J.

In total, the Solana network uses approximately 3,186,000 kWh per year, equivalent to the consumption of 986 households in the United States. There are 1,196 validators in the blockchain confirming about 20 million transactions during this period.

The Solana Foundation stated that it intends to further reduce the environmental impact of the Solana ecosystem.

“By the end of 2021, the fund plans to introduce a program that will help make the network carbon neutral and compensate for the environmental impact,” the report says.

Recall that in October Solana Foundation opened for validators the possibility of launching nodes on leased server equipment Open / Comment

2021-11-27 08:51:55 ​The group "Hands up" will release a collection of NFT

The frontman of the band "Hands Up" Sergey Zhukov, together with the music label Warner Music Russia and the Binance NFT marketplace, released a collection of NFT lots for the 25th anniversary of the musical collective, consisting of audio files, graphic objects, as well as unusual artifacts. Among them is a certificate that allows the future owner to ban Sergey from performing the song "Student" for life. Its cost is 20 million rubles.

"Student" is probably one of our most iconic compositions, it is most recognizable by the audience. It's hard to believe, but we've been performing it for a quarter of a century! This song is the same age as the band itself. Therefore, we considered it symbolic and correct to give the song "Student" to maintain this playful NFT," Zhukov told Izvestia.

The musician also said that he will sell the track he wrote and the rights to it, and the buyer will be able to do whatever he wants with it.

"It will be a completely new song, but in a recognizable style of the band. A song that no one has ever heard anywhere else," the musician stressed.

On November 11, it became known that the State Hermitage Museum opened its first virtual exhibition project - "Invisible Ether". It combines 38 NFT-works, including those created specifically for this exhibition.

QR codes placed at the entrance to the Hermitage and on the facade of the exchange building will lead to the exhibition. Open / Comment

2021-11-26 18:53:19 Binance Labs will support 9 projects in the field of cryptocurrencies

The products selected by the incubator will be able to receive advice from the founders of the crypto exchange and other well-known persons in the industry, as well as support in marketing promotion

The venture division of the Binance crypto exchange and the Binance Labs innovation incubator have selected nine projects to participate in the third season of the program to support promising projects in the field of cryptocurrencies and blockchain.

Projects selected for participation in the third season:

Block Ape Scissors is an ecosystem on the Binance Smart Chain (BSC) that combines gaming products, NFT and DeFi;
Tranching Protocol - pharming and hedging optimization protocol;
GAT Network is a network of NFT trading and gaming projects that has already launched several projects on BSC;
Wombat is a wallet for gamers that supports the exchange of NFT and tokens on various blockchains;
Bird.Money is a new type of decentralized oracle that gives blockchain developers access to plug-and-play analytical products for next-generation web platforms;
Mint Club is an intelligent platform for creating tokens without the need for coding or providing liquidity on BSC;
Raydius is a software designed to create a blockchain ecosystem.
The third season of the program will begin on November 15. The selected projects will be able to receive advice from the founders of Binance and other well-known persons in the crypto industry, as well as support in the marketing promotion of their product. Open / Comment

2021-11-26 12:24:55 Ripple & SEC: Updated schedule on the trial

The trial is ongoing, and attorney James K. Phelan, who is overseeing the process, has provided an updated schedule of upcoming events in the case of the U.S. Securities and Exchange Commission against Ripple on his Twitter page.

November 12, 2021 is the deadline for the exchange of expert reports on the refutation of charges.

December 6, 2021 is the deadline for the SEC to comply with most aspects of the October 21, 2021 court order regarding two disputes related to the pre-trial disclosure of evidence procedure. In particular, the resolution contains the following requirements:

1. The SEC, in response to a written survey from Ripple, should define any term in any XRP sale agreement if this term created an "expectation of profit". There are approximately 1,500 contracts. Responses should be received by December 6, 2021.

2. The SEC must answer whether "Ripple's efforts were necessary to influence the increase in the price of XRP." The response should arrive on December 6, 2021.;

3. The SEC must respond to 776 Requests for Recognition of facts that relate to Ripple's fair protection of information, but Judge Netburn gave the SEC 30 days after Judge Torres would rule on the SEC's motion to seize Ripple's fair protection of information materials to ensure these responses. If the SEC's motion to seize the materials is approved, the SEC will not have to respond to Requests for recognition of the facts;

4. The SEC must respond to 309 Requests for Recognition of facts concerning the defense of Defendants in the case of Morrison v. Nat'l Austl. Bank Ltd., 561 USA 247 (2010), that XRP sales occurred abroad. Responses are due on December 6, 2021.;

5. The SEC must answer whether the XRPL blockchain was "fully functional" when XRP distributions began in 2013, but first Chris Larsen's lawyer and the SEC need to "meet and confer" to clarify the term "fully functional". We don't know if this meeting took place, so we don't know exactly when the answer to that question will arrive;

6. The SEC responded to numerous written questions by referring to another written survey. They can't respond that way. Federal Rule of Civil Procedure Law 33 (b) (3) specifies that "each question, to the extent possible, must be answered separately and completely under oath." Judge Netburn ordered the SEC to go back and clear the answers in which she referred to the answer in the previous survey, and instead answer it separately as required

January 14, 2022 is the deadline for expert pre-trial presentation of evidence.

It remains unknown whether the following items have been completed under previous disclosure decisions:

- Ripple was ordered to write relevant messages to Slack to the 22nd bailiffs. Ripple has indicated that it may take as long as 12 weeks, so we don't know if this work has been completed;

— While Ripple's request to provide documents for preliminary clarification of purchase and sale decisions was rejected, the SEC was ordered to provide the defendants with any documents supporting the SEC attorney's assertion at the August 25, 2021 meeting that after the formal order to investigate Ripple was issued on March 9, 2019, SEC employees could no longer trade XRP. There is no indication whether this has been done, but in the absence of a follow-up on this issue, it is reasonable to assume that it has been done. Open / Comment