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2022-04-18 15:41:02 The NFT market is growing more than the crypto market according to Nansen report

The NFT market has outpaced the cryptocurrency market this year, according to the Nansen 2022 Quarterly NFT Report.Louisa Choe who authored the report stated: "The NFT market continues outperforming the cryptocurrency market year-to-date with a 49.9% year-to-date return when denominated in ETH.".

Understanding the competitive NFT market environment is critical for NFT market players wishing to collect, trade, or invest in NFTs. With the Nansen Social-100 NFT index leading the way in year-to-date returns, it seems that a broad approach that includes a diverse range of collections may be advantageous in generating profits.

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2022-04-17 15:49:02 Logan Paul Launches An NFT Collection and DAO, 99 Originals

American YouTuber and boxer, Logan Paul, has launched a new NFT collection and DAO titled 99 Originals. This NFT collection is where Paul took 99 photos over 99 days through a Polaroid while travelling 84,029 miles around the world during this timeframe.

This collection by Logan Paul is extremely exclusive, with only 99 one of one NFTs being available. Each person who owns one of the original NFTs will be given many benefits including an original physical copy of the polaroid (authenticated and slabbed by PSA) and access to the DAO.To purchase one of Logan Paul’s 99 Originals, you will have to bid on the auction which will take place on the main page of originals.com.

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2022-04-16 17:02:02 Regulatory Arm of UAE Financial Centre Releases Defi Discussion Paper

The regulatory arm of UAE’s financial centre, Abu Dhabi Global Market (ADGM), has released a discussion paper that is seeking stakeholders’ comments regarding the regulation of decentralized finance (defi).

The paper also makes clear the regulator’s stance regarding the anonymity of defi transactions.The FSRA, a regulatory arm of the UAE financial centre ADGM, has issued a discussion paper that seeks the public’s comments on policy considerations for decentralized finance (defi).The release of the document comes as the defi space has seen strong growth both in terms of the number of users as well as the value of such transactions, the FSRA acknowledges in the paper.

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2022-04-16 16:46:13 JUST IN: Two US law firms have filed a lawsuit against Uniswap, alleging that the exchange lacks security and lets fraudsters list "scam tokens."

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2022-04-15 14:41:02 Logan Paul reignites community outrage with his latest NFT project

Logan Paul’s latest non-fungible token (NFT) idea has prompted outrage among crypto enthusiasts, who want him to be held accountable for launching and supporting a spate of highly dubious crypto projects.

Paul received a barrage of harsh feedback after announcing his next “passion project,” the “99 Originals,” on April 12. Users are particularly unhappy by the infamous disaster-project CryptoZoo, a series of hybrid animal NFTs that collapsed on introduction in August 2021, leaving investors out of pocket.Zachxbt, a crypto detective, summed up the outrage of the community by reminding Paul about CryptoZoo and his digital collectibles series.

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2022-04-14 16:47:05 ‘Jack Dorsey’s First Tweet’ NFT Went on Sale for $48M. It Ended With a Top Bid of Just $280

Crypto entrepreneur Sina Estavi bought Twitter founder Jack Dorsey’s first-ever tweet as an NFT for $2.9 million last year.

Last Thursday, he announced on Twitter that he wished to sell the NFT, and pledged 50% of its proceeds (which he thought would exceed $25 million) to charity.

The auction closed Wednesday, with just 7 total offers ranging from 0.09 ETH ($277 at current prices) to 0.0019 ETH (almost $6).

“The deadline I set was over, but if I get a good offer, I might accept it, I might never sell it,” said Estavi

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2022-04-14 15:52:02 Meta plans to take a nearly 50% cut on virtual asset sales in its metaverse

Facebook-parent Meta is planning to take a cut of up to 47.5% on the sale of digital assets on its virtual reality platform Horizon Worlds, which is an an integral part of the company’s plan for creating a so-called “metaverse.”

The social media giant announced in a blogpost Monday that it is letting a handful of Horizon Worlds creators sell virtual assets within the worlds they build, which could eventually include NFTs. However, the company failed to mention in the post how much Meta will charge creators to sell their wares.A Meta spokesperson confirmed to CNBC Wednesday that Meta will take an overall cut of up to 47.5% on each transaction.

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2022-04-13 10:43:02 Total Value Locked in Defi Takes a Hit Losing $21 Billion in 6 Days

Over the last six days, the total value locked (TVL) in decentralized finance (defi) has dropped 9.21% from a high of $232.88 billion on April 5, to today’s $211.43 billion. The value locked in defi protocols shed 4.40% of that value during the last 24 hours.

While the crypto economy has shed billions, the defi landscape has also felt the brunt of the storm. Last week, the TVL in defi neared a record high but most of that value has been erased since April 5. At the time of writing on Monday, April 11, 2022, the TVL in defi is coasting along at $211.43 billion which is 9.21% less than it was six days ago.

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2022-04-12 14:01:41 DeFi Platform Gravity DEX Rebrands, Migrates From Cosmos to Crescent Network

According to reports, the rebrand and move to Crescent foster more innovation to make the renamed DEX the best in the Cosmos ecosystem. The network promises a streamlined migration for investors.

Gravity Dex is rebranding into Crescent and moving to a new Cosmos-based blockchain called Crescent network. Gravity Dex is an automated market maker network initially based on the Cosmos hub blockchain.Now Gravity Dex is rebranding taking the new name Crescent, which is the new of its new blockchain host, the Crescent network.

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