NFTs Inventory 🚀

2022-04-20 16:50:44 Dogecoin's Profitability Reaches Close to 60% as Price Rises by 10%

The profitability of the first meme cryptocurrency has increased to almost 60% as the coin successfully avoided bearish movements and successfully withstood the selling pressure previously on the market, per IntoTheBlock.

As the metric suggests, the profitability of Dogecoin currency stays at 58% as DOGE trades at approximately $0.14 and is facing a strong price increase in the last three days, gaining around 10% to its value.

According to the profitability metric, most DOGE holders are no longer at a loss in contrast to March's data. Only a month ago, the profitability of Dogecoin as an investment tool was at approximately 40%, which is considered extremely low for such volatile assets as cryptocurrencies.

The spike in profitability also suggests that a major portion of the coins held by investors were purchased in the $0.15-$0.16 range….more Open / Comment

2022-04-19 10:21:55 How to Obtain High-Resolution Metaverse and NFT Graphics

In Layman’s, the metaverse can be described as a shared 3D virtual world that delivers hyper-realistic, interactive experiences on the internet. The innovation leverages augmented reality (AR) and virtual reality (VR) tech to mirror the real world, allowing participants to engage in multiple activities in Web 3.0.

NFTs Set to Fuel the Metaverse Ecosystem

NFTs serve as a critical concept in bringing the Metaverse experience to life. These digital images introduce limitless possibilities in sectors such as P2E gaming, online shopping, advertising, entertainment, etc.

Last year, famous rapper Snoop Dogg announced his entry to the metaverse using the popular Sandbox game. Numerous celebrities, influencers, and business entities are following suit, leveraging digital art to jump on the virtual reality bandwagon and earn from NFT-centric events. Open / Comment

2022-04-16 09:09:21 Are Politicians Taking Note of Crypto as a Vote Influencer?

Many countries have different opinions concerning the way forward as far as cryptocurrencies, and virtual assets are concerned. However, politicians could start recognizing the influence crypto can have on their success in getting into offices. This element goes beyond crypto restrictions and into the mainstream adoption from the masses.

Elections and Cryptocurrencies

Recently, the Australian government introduced talks on regulating the crypto sector within the country. So far, many regions are following the same path to cultivate the potential crypto and blockchain technology has in growing global economies. 

Shape It or Break It?

The subsequent decisions authorities make concerning virtual assets will determine whether they will be shaping it as a future economic tool or crumbling its potential. Open / Comment

2022-04-14 10:50:09 Ethereum Is Slowly Starting to Regain Its Loss Over the Past Week

Ethereum price decreased by 2% to $3,041.25 in the last 24 hours, slumping 7.74% in the last seven days. On the other hand, the global cryptocurrency market capitalization has shrunk 1.18% over the last day to $1.86 trillion. According to CoinMarketCap data, the total crypto market volume over the last 24 hours is $84.89B, which makes a 19.29% decrease.

Ethereum Price Faces Hurdles

Ethereum and its upgrades have been heavily criticized, primarily owing to delays. Upgrades are frequently postponed, as shown with EIP-1559 or the London hard fork, among other things.

Ethereum’s Price is Showing Promise

Between January 24 and March 27, the price of Ethereum formed a symmetrical triangular pattern, with three lower highs and four higher lows. Connecting these swing points with trendlines revealed the technical pattern, predicting a 34% advance to $3,818. Open / Comment

2022-04-14 10:32:39 China museum chief fences cultural relics from NFTs

China’s top government agency that oversees the development of museums has called on cultural institutions to hit the brakes when it comes to non-fungible tokens (NFTs). 

Fast facts
•The National Cultural Heritage Administration Tuesday held a nationwide online symposium in Beijing on digital collectibles and urged caution when it comes to selling the original data of cultural relics as limited commodities, state media reported.
•The body, which protects cultural relics of national importance, called for the establishment of a clear management system to ensure “correct ideological orientation and information safety of cultural relics.”
•Museums in the provinces of Hebei, Hubei, Sichuan and Hunan have issued “digital collectibles,” a term often used to avoid reference to NFTs, that featured cultural works in their collections. Open / Comment

2022-04-10 01:57:27 CONNECTING TESLA CARS TO CHARGING STATIONS VIA LIGHTNING AT BITCOIN 2022

A project at Bitcoin 2022 is designing the future of payments for energy via the Lightning Network.

To paraphrase the great American philosopher Forrest Gump, “Bitcoin and energy go together like peas and carrots.” Bitcoin’s connection with the energy industry is well known, with valuable ancillary services such as waste-energy monetization and grid stabilization becoming more widely appreciated by the day.

Bitcoin’s connection to energy is now moving beyond the typical mining applications. A Lightning project called Distributed Charge, developed by Andy Schroder and featured in Bitcoin 2022’s exhibition hall, promises to advance Bitcoin integration with the energy sector in an exciting new way. Open / Comment

2022-04-06 10:57:16 A Sea of Fakes? Combating Counterfeit NFTs on OpenSea

How big is the market for non-fungible tokens (NFTs)? In Q4 2021 alone, crypto collectors bought and sold $11 billion worth of NFTs—a figure roughly equivalent to what the entire contemporary art market sold during the same period.

But even as the market for NFTs—blockchain-based tokens that prove ownership of a unique digital asset—has exploded, it has also run into a problem familiar to the art and luxury goods markets: counterfeits.

Many experts have said that OpenSea—the Amazon of NFT marketplaces—has conceded that approximately 80% of the works on its platform are not authentic. This is unacceptable and reflects a failure to pass laws that would help protect creators and brands from bad actors exploiting the NFT gold rush.

Counterfeit machineOpenSea, which has a staggering $13.3 billion valuation, is the biggest of a growing number of marketplaces that allow anyone to sell NFTs to collectors around the world. Open / Comment

2022-04-02 17:52:54 Binance CEO CZ Is “Shocked” By The NFT Craze

Binance CEO Changpeng “CZ” Zhao recently expressed shock at the exponential growth in the NFT market since last year. Speaking with Fortune, the CEO said people may have “lost their mind” when paying astronomical prices for NFTs.

CZ acknowledged that he wasn’t an art collector. But he also expressed some incredulity at the prospect of paying $69 million for a piece of digital art- the record-breaking amount for which artist Beeple sold the piece Everydays: The First 5,000 Days last year.

Still, the Binance CEO noted definite positives to the craze, stating that it allowed artists to easily monetize their work.

NFTs a bubble in the making?

Referencing Beeple’s sale, CZ noted that nothing could be worth that much, and likened the market to a potential bubble. Open / Comment

2022-03-30 15:18:56 Breaking: WeChat Blocks NFT Accounts

billion users began to block NFT accounts in large numbers. As per reports, this move has come in accordance with the Chinese government’s regulations. WeChat made its decision to prohibit the accounts in order to prevent the risk of virtual currency trading speculation.

NFT accounts need to be approved by Chineses Govt

Recently, the multipurpose app standardized and rectified public accounts and small programs that creates hype in order to sell digital assets in secondary transactions. According to a report, WeChat has said that they are detecting the behavior of NFT digital transactions and not the digital collections. More than ten small and medium sized NFT platforms have been affected till now.

The banned public accounts are now required to provide a certificate of cooperation with a blockchain company that has been registered and approved by the Cyberspace Administration of China. However, there are some accounts that have been banned over fraud suspicions. Open / Comment

2022-03-28 01:30:42 Mandela NFT Sold for $130K

Prior to becoming South Africa’s first black president, Nelson Mandela was a part of a political organization African National Congress in which he became a leader of Johannesburg’s youth division and later deputy national president.

The party’s goal was to fight against white supremacy and racial segregation. Nelson helped organize a paramilitary branch of the ANC to engage in guerrilla warfare after a massacre of black demonstrators in 1960.

He was first arrested for treason in 1961, before he was released, and imprisoned again in 1962 for leaving the country without a permit and for inciting workers to strike. He spent the next nearly 30 years of his life in prison and was released on Feb 11, 1990.

Fast forward to March 2022, and his legacy continues in a digitalized form. A report from Bloomberg informed that his original arrest warrant was sold as a non-fungible token at an auction for $130,000 to help fund a heritage site that shows the country’s struggles for democracy. Open / Comment