NFT NEWS

2022-04-15 19:45:43 ​​The issuer of USDC stablecoins invited former employees of the SEC and Diem to work

The consortium founded by Circle and Coinbase to manage stablecoins (USDC) announced that Linda Jeng, a former employee of the US Securities and Exchange Commission (SEC), will join the team as director of policy and regulation.

She is now a professor of law at Georgetown University. Danielle Harold, the former CEO of the defunct Diem Association, will become the new Chief Operating Officer of the Center.

The head of the Center, David Puth, explained that as the global stablecoin market continues to grow and attract the attention of legislators, the company has taken steps to maintain the favor of regulators for the sake of supporting the USDC.

"I am very pleased to welcome leaders of this level to our team. Both Linda and Daniel have vast experience that will help our organization create standards for the growing blockchain space," said David Put. Open / Comment

2022-04-11 23:15:17 ​​NFT Gas fees: How to calculate it like a pro

In today’s Crypto Knight column we discuss what NFT gas fees are, how to calculate them and why they are needed at all.

Exorbitant Gas fees
For newbie NFT artists, gas fees could be a matter of concern, because dealing with Ethereum networks can be expensive.
NFTs don’t necessarily sell for millions of dollars. Most of them sell for a few hundred dollars, and many may not be sold at all. So, for all the digital creators who pay gas fees for minting their NFT artwork, they may lose more money rather than making a profit. It is not easy to predict what you’ll be paying for gas, since the price keeps on fluctuating.
Calculating Gas fees
There are several factors that should be taken into consideration for calculating gas fees. Starting from the complexity of the transaction, price of the crypto asset and the number of people transacting on the blockchain.
The unit of gas on the Ethereum network is GWEI. One GWEI is worth one-millionth of Ether or 0.000000001 ETH. And the minimum amount of gas required to process a transaction is 21,000.
Imagine a cargo transport truck service, transporting goods from point A to B. The heavier the goods, the more time it will take, since more fuel will be consumed. Also, if the routes are congested because of other cargo drivers, the truck will consume more fuel, due to the wait-time. In similar fashion, gas fee prices fluctuate depending on the complexity and the traffic on the blockchain network. Open / Comment

2022-04-08 17:17:35 ​​13-year-old girl became a multimillionaire in 1 year by selling NFT art

Nyla Hayes has found the secret to success, and it's selling her artwork as NFTs.
At 13 years old, a young artist has become a multimillionaire when she started putting her art up for sale as NFTs, or non-fungible tokens. “Non-fungible” means that an item is one of a kind, such as an original song, video or drawing, and each of Hayes' portraits is unique in its own way.


The teenager's drawings depict iconic women — from Ruth Bader Ginsburg to Lucille Ball — as well as everyday women. And when she's done making one, Hayes posts it onto an NFT website, where someone can buy it with cryptocurrency.
"I love drawing women from all around the world because I really like different cultures and different backgrounds," the digital artist told NBC News Now anchor Savannah Sellers on Thursday.
Hayes calls her artwork "long neckies"
There's one detail that makes Hayes' drawings stand out — a stretched neck.
Hayes draws her models with an elongated neck, a characteristic that appears in all 3,000 portraits in her collection, and she explains that the signature feature stems from her childhood.

When she was younger, Hayes was fascinated with the Brontosaurus dinosaur, so she gave them a cute nickname.
"I didn’t know what to call it. So I just thought of them as “long neckies," she said.
And that was the inspiration — and name — she needed to turn her artwork into a masterpiece.
"At first I just wanted to put two things that I love together, and that was a Brontosaurus and women," she said. "I wanted to show how beautiful and strong women were, and I thought of the brontosaurus as that as well."

In March, Hayes sold her “Long Neckie Lady” portrait for $6,621.70 on Instagram. And the month before that, she sold another drawing for $3,920.05.
How did Hayes start making NFTs?
Hayes’ mom, Latoya, said she got her daughter a smartphone at 9 years old because she “really took an interest in art.”
“I could see how passionate she was about her art and I just thought like, if I could support her in any way. That’s exactly what I’m going to do,” Latoya said.
Before Hayes started making the big bucks, she would draw her portraits on her smartphone and only show them to her family and friends. She was "nervous that people wouldn’t like it or think it was weird.” Open / Comment

2022-04-06 09:06:12 EYWA is introducing three upcoming vital ecosystem updates in April-May!

Website | Telegram group |Telegram channel | Twitter | Medium | LinkedIn | YouTube | Discord

1. Mainnet

EYWA Cross-chain DAO is a decentralized autonomous organization that manages the EYWA project and determines the trajectory of its further development.
EYWA Cross-chain Data Protocol is an infrastructure for transferring data from one blockchain to another. It consists of smart contracts deployed in each supported blockchain and its network of node relays.
EYWA Cross-chan DEX is a decentralized cross-chain exchanger that allows the exchange of crypto assets of different blockchains among themselves.
EYWA Assets are cross-chain meta-assets backed by tangible assets placed in various blockchains.
EYWA Bridge is a service that allows users to move tokens between different blockchains conveniently and securely.
EYWA Earn is a set of mechanics for earning money in the EYWA ecosystem, allowing EYWA and EUSD tokens holders to receive additional income from investing crypto assets. For now, we have EYWA token stacking, cross-chain farming of stable coins, and EYWA liquidity farming.


2. Node relay

The Roll-DPoS mechanism provides the security of the EYWA node relay network. If the node regularly performs its work to support the operation of the EYWA network, then it will receive a reward in EYWA tokens. If the relay node is unstable or tries to behave fraudulently, fines are deducted from its collateral.
With the mechanics described above, node operators are motivated to maintain the operability of their nodes 24/7 to earn money consistently.

To stake, there are two ways:
A. Delegate your EYWA tokens to the management of a validator you trust.
In this case, the user does not need to raise his relay node independently but send his tokens to a validator whose node is already functioning.
B. Launch your relay node.
If you want to get more EYWA, raise node yourself and don't pay a commission for a validator. Moreover, you can also accept funds delegated by users and earn an additional commission, the amount of which you set yourself.


3. NFT

One of the essential directions of the EYWA ecosystem is NFT.
EYWA NFT launched on the Polygon blockchain.
We will distribute 54,000 NFT with a different rarity class depending on the number of tester points. There will also be a chance to get a rare nft from any user with any number of points. We guarantee allocation for all testers and validators.
The initial list will be formed from April's actual number of testers. We will publish the final list when we reach the mark of 54,000 drop applicants.

Important: the applicants for the drop are users who have fulfilled the minimum conditions. (passed three stages of testing and subscribed to social networks)


Thank you,
EYWA Team
https://eywa.fi/ Open / Comment

2022-04-05 00:48:29 ​​NFT Sales Increased by 34% This Week, Azuki Takes Top Sales, NFT Interest Remains Low

NFT Sales Rebound After Last Week’s Drop in Volume
NFT market activity has picked up some steam over the last week as NFT sales increased by 34.62%, according to current statistics on Monday. The $779 million in sales derived from 14 different blockchains, and Ethereum sales saw the second-largest increase. Ethereum NFT sales are up 40.39% this week gathering $672 million of NFT sales during the last seven days.
The largest sales increase took place on the Wax blockchain as Wax-based NFT sales increased by 142.68% this week. Following Wax and Ethereum NFT sales, the third-largest amount of weekly NFT sales by blockchain network is Solana, which spiked 21.07% during the last seven days.
The most expensive NFT sale during the last week took place 17 hours ago when Cryptopunk 8865 sold for 450 ether or $1.57 million. Cryptopunk 4985 was the second most expensive NFT sale, gathering 217 ether or $732K at the time of settlement. The third-biggest NFT sale this week was Bored Ape Yacht Club 1562 for $697 million or 200 wrapped ether (WETH).
Azuki took this week’s top position in terms of the NFT collection with the most NFT sales volume. Out of 735 buyers and 1,115 transactions, Azuki’s sales increased 94.68% to $95 million this week. The second-largest NFT sales volume this week stemmed from the NFT collection called Something as it collected $51 million in sales over the last seven days.
Clonex was the third-largest in terms of weekly sales volume as it increased 268.62% from the week before. Out of 571 buyers and 731 transactions, Clonex sales volume during the week was around $50 million.

NFT interest has dropped significantly since the high in mid-January when it scored a 100 on the Google Trends (GT) platform. Two weeks ago the search term “NFT” scored a 39, and last week GT’s NFT score was 38.
This past week, Bored Ape Yacht Club (BAYC) NFTs saw the floor value surpass 100 ether per NFT. Presently, BAYC’s floor price is 110 ether or roughly $380K for the lowest valued Bored Ape.
BAYC’s floor is followed by Bored Ape Chemistry Club (33.2 ether), Azuki (26.889 ether), Mutant Ape Yacht Club (24.55 ether), and Clonex (20.3 ether). Open / Comment

2022-03-29 23:02:33 ​​NFTs Could Go Mainstream With Instagram’s Planned Support, Deutsche Bank Says

Instagram could lower the barrier for entry to the NFT market, the report said.

Instagram: Attracting non-interchangeable tokens (NFT) to a wide audience of Instagram could potentially boost the overall market by becoming mainstream, Deutsche Bank said in a report on Sunday.
Earlier this month, Meta Platforms (FB) CEO Mark Zuckerberg said the company was “working on implementing NFT on Instagram in the near term.”

Instagram will simplify the process of buying and selling NFT, thereby reducing barriers to entry, the bank said, adding that the strong brand awareness of the platform worldwide “will allow legitimizing NFT, which may help reduce indecision when buying among a wider audience of the company.”

NFTs are digital assets on the blockchain that represent ownership of virtual or physical items and that can be traded or sold.

The launch of the NFT trading platform on Instagram, owned by Meta, is highly likely to gain momentum, according to the report. Based on typical NFT marketplace fees and conservative assumptions about user penetration and average transaction costs, the bank estimates that the broader adoption of NFT marketplace on Instagram could generate net annual revenue of up to $8 billion.

Other Internet companies are also taking steps to introduce digital assets, as eBay (EBAY), Twitter (TWTR) and Snap (SNAP) may include NFT to some extent, the note says.

The NFT market is in “hyperactive growth mode,” according to the report, the volume of transactions last year amounted to about $ 25 billion, which is about 250 times more than the total volume of $95 million observed in 2020.

Deutsche Bank says that the market opportunities for NFT are very large: the total volume of the address market (TAM) is estimated at more than $1 trillion, led by categories such as art, collectibles and gambling. Open / Comment

2022-03-26 15:28:30 ​​Madonna joined metaverse by buying BAYC NFT

The pop star bought the BAYC NFT for ETH180

Madonna, aka Loredana Ciccone, has announced that she “aped” into the iconic Bored Ape Yacht Club (BAYC) NFT collection by creators Yuga Labs, on her social networks.

“I have finally entered the Metaverse, My very own Ape! We all need protection from Evil Eye,” tweeted out the pop star.

According to the Bored Ape Gazette, “Madonna’s ape is Bored Ape #4988. Bored Ape #4988 is a six trait DMT primate with a sleeveless logo tee, an S&M hat and a bored cigarette mouth. Based on these traits, Bored Ape #4988 is the 3436th most rare ape on Rarity Tools.”

As Madonna said on her social networks, the pop star was introduced to the BAYC by Moonpay.

The tech company building payments infrastructure for cryptos purchased Madonna’s ape for ETH180 or around $560,000 at the current rate. The company then transferred the DMT ape to Madonna’s wallet, according to the Gazette.

Madonna, who add her name to a plethora of celebrities who joined the BAYC, as the Gazette reported, has been interested in joining for a while as the pop star replied to LA photographer and BAYC member Lindsey Byrnes’ tweet suggesting the ape that would best suit her.

“Hi @Madonna I’ve been saving this one for you #justifymylove /// @boredapeyc,” Byrnes tweeted on 3 January. Open / Comment

2022-03-23 18:21:06 ​​Crypto Exchange FTX Partners With AZA Finance 'to Expand the Adoption of Web3 and Digital Currencies in Africa'

Sam Bankman-Fried’s FTX is partnering with AZA Finance to expand the use of digital currencies and Web3 in Africa. Through this arrangement, the two companies will also work to “onboard African NFTs and artists onto the FTX NFT marketplace.”

Bolstering Adoption of Web3 and Crypto in Africa
Hong Kong-based cryptocurrency exchange FTX recently announced the start of a partnership with AZA Finance, whose objective is to “expand the adoption of Web3 and digital currencies throughout Africa.” This also includes non-fungible tokens (NFTs).

A statement released by AZA Finance said the two companies will work to “create pathways for African users to participate and learn about the Web3 economy including educational resources & networking opportunities.” The statement added that the two firms are also hoping to “Make it easier than ever to deposit and pay out in African currencies on FTX.com, including mobile money and local bank account integrations.”

In her comments following the announcement, Elizabeth Rossiello, the CEO and founder of AZA Finance, said her company was ready to help FTX expand its footprint across the African continent. She added:

As we built Africa’s largest platform for trading African currencies, one thing has been clear – that this continent is the future of global, digital economies. After serving these booming enterprises for years, we know that the next generation of users, creators & builders for the Web3 economy is undoubtedly African.

According to the statement, AZA Finance, which operates in 10 African countries, offers foreign exchange, payments, and financial services. It has also executed global transactions valued at over $260 million “across 115+ countries and 300+ currency pairs.”

Onboarding African NFTs
AZA Finance’s track record in Africa, as well as the experience of Rossiello and her team, were some of the factors which prompted FTX to start the partnership, Sam Bankman-Fried, CEO and Founder of FTX, is quoted explaining. He adds that such a partnership arrangement will likely help his company boost its presence in Africa.

“We look forward to working closely with them, and the local regulatory bodies, to bring all of our products and services to the African market in a compliant way. Additionally, we look forward to doing our part locally by supporting efforts by artists & creators in the community,” Bankman-Fried explained.

In addition to building the Web3 infrastructure, the two companies said they will work to “onboard African NFTs and artists onto the FTX NFT marketplace.” They will also launch African currency and digital currency trading pairs, the statement said. Open / Comment

2022-03-23 02:11:51 Peak Finance is coming to Metis Andromeda!
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Missed out on Tomb Finance?
Wish you were holding $TOMB when $FTM was 30c before it skyrocketed past $3?
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Novel features that do not exist anywhere else,
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Peak Finance is a protocol that algorithmically pegs the value of $PEAK to $METIS capturing all the inevitable upside that is to come. $PRO is our share token that is different to Tomb Finance’s $TSHARE token.

Once available on the market
10% buy/sell tax will burn the $PRO token AND replenish the treasury to ensure the peg can be restored to keep the $PEAK printer running.
Our modified fork of Tomb Finance is only the beginning.
We are building the future, and that future is DAOs. Investment DAOs.

While you invest in Peak, the team invest in YOU.

Who is in the team?
The team collectively have over 15 years of combined experience in cryptocurrencies and are well-regarded consultants with a focus on fundamentals, technical analysis, and market sentiment.

Come for the $PEAK, stay for the regular market insights and become a part of a go-to community for advice and sharing ideas with like-minded enthusiasts.

LAUNCH DETAILS
Due to launch early April
FAIR LAUNCH
Join the TG group for launch details

Let’s shape the future together, drop by Peak Finance and say hi!
Join the TG: t.me/PeakFinanceDao
Website and Whitepaper: peakfinance.io Open / Comment

2022-03-21 15:51:36 Open / Comment