W3 Metaverse • DeFi • NFTs

2023-02-16 14:00:50 MAGIC EDEN SHEDS 22 EMPLOYEES

As part of a "companywide restructuring," NFT marketplace Magic Eden announced that it would be laying off 22 employees.
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2023-02-15 21:00:40 CHECKS NFT GO FROM $8 TO $4K

The NFT market has seen a resurgence in January, driven by open edition mints in which there is no cap on the number of identical artwork pieces that can be purchased. These open edition NFTs are selling for dollars, fueled by gamification techniques and FOMO over potential future rewards.

One of the buzziest NFT drops of 2023 is Checks by artist Jack Butcher, which sold over 16,000 editions for $8 each and has now increased in value to over $4,000.

Despite concerns that the open edition trend could hurt traders, some argue that people should simply buy art they like and support the creators they admire.
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2023-02-15 21:00:39 DEX Trading Activity Picks Up Steam as Markets Spurn Centralization

Decentralized exchange trading activity has begun to pick up steam, with some of the DEX sector’s biggest players booking a notable bump in trading volumes this week. Ethereum-based Uniswap was leading the pack toward the end of the work week in New York, hovering around the 50% mark of total DEX volume, equating to a week-over-week double-digit jump to around $12 billion, data from DeFiLlama shows. Its closest rival, PancakeSwap was holding steady around 8% via the same market cap metric — up about 20% since the week prior, clocking in around $2.1 billion. The DEX still leads on trader count on Binance’s BNB Chain. Notable DEXes Curve and SushiSwap have also seen significant increases in trading volumes,  jumping 12% and 63% respectively, in the last seven days through early Friday morning in New York. Average increase for volumes across all DEXes popped 16% or so on the week.
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2023-02-15 14:00:53 Scientists can now use WiFi to see people through walls. Researchers at Carnegie Mellon University have developed a way to map human bodies through walls using WiFi signals.

The Carnegie Mellon researchers wrote that they believe WiFi signals “can serve as a ubiquitous substitute” for normal RGB cameras, when it comes to “sensing” people in a room. Using WiFi, they wrote, overcomes obstacles like poor lighting and occlusion that regular camera lenses face.
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2023-02-15 14:00:52 Big cash for Bitcoin miners

Bitcoin miners already made nearly $600K in two months from a new controversional NFT protocol called Ordinals.
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2023-02-14 21:00:42 LEBRON’S NFTS GO HIGH

LeBron James has just broken the NBA's all-time scoring record, scoring his 38,388th point surpassing the legend Kareen Abdul-Jabbar. This has sent LeBron's NBA Top Shot NFTs surging since Feb 5, registering nearly $234,000 worth of LeBron NFT sales.
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2023-02-14 21:00:41 550 BNB lost in contract exploit by decentralized exchange

Recently, the decentralized exchange (DEX) system known as CoW Swap came under assault, resulting in the loss of at least 550 BNB (BNB) due to a contract hack that permitted money transfers away from the platform. The occurrence was spotted by the blockchain surveyor MevRefund, which also noticed that the cash seemed to be migrating away from the CoW Swap exchange. In a Twitter thread, the maximum extractable value (MEV) searcher sent a warning to the DEX and the users of the exchange about the vulnerability. A wallet address was reportedly added as a "solver" of CoW Swap by using a multisig, as stated by the company BlockSec, which audits smart contracts.
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2023-02-14 14:00:51 Open / Comment

2023-02-05 21:00:38 Mastercard NFT Product lead sells resignation letter as NFT

Former product lead for NFTs at Mastercard claimed to have experienced "harassment and emotional distress."

He said, “There were months at a time when I wouldn’t receive my salary until I begged across the hierarchy for it, among many other issues.”

His resignation letter is available as an Ethereum NFT, titled "new Beginnings." which is selling for 0.023 ETH and have been minted 27 times.
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2023-02-05 21:00:37 Ethereum-Based Decentralized Exchange Token Explodes 50% As Project Releases Yearly Report

An Ethereum (ETH)-based decentralized exchange (DEX) token has shot up 50% in just a few days after the project released a new annual report. The dYdX (DYDX) Foundation released its “inaugural ecosystem annual report” on Monday, which outlined the decentralized finance (DeFi) DEX’s development in 2022. In 2022, DeFi proved its resilience and demonstrated clear advantages over CeFi [centralized finance]. Market activity and sentiment highlighted the benefits of trustless technology, self-custody, and decentralization, including an opportunity for unparalleled transparency and fairness. We believe that these principles are key to the dYdX protocol’s success in the future.” The exchange’s native token, DYDX, was trading around $2.23 on Monday and has since skyrocketed to $3.36 at time of writing, a more than 50% increase. The 91st-ranked crypto asset by market cap is also up a whopping 180% in the past month.
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