Search Results for: Mint

“Matthew Sweezey, former Salesforce’s Futures Lab partner, has joined Smart Token Labs aiming to bring Ethereum-based smart tokens to the broader Web3 community. Unlike traditional non-fungible tokens, smart tokens offer a dynamic and interactive experience and can perform pre-set assignments like autonomous wallet interactions and user transactions.”

Coinbase’s upcoming Onchain Summer, coinciding with the launch of its Layer 2 network, Base, aims to increase crypto accessibility via various activations within the Web3 space. The event showcases the intersection of blockchain with mainstream industries like Coca-Cola. However, concerns about value dilution of NFTs and its strategic boost for Base’s engagement are also signified.

“Wreck League”, a new NFT-based game is set to launch by the house of Animoca Brands and its subsidiary, nWay. The game allows players to create mech characters from collectible NFT components. It will also include a free-to-play Web2 version accessible across multiple platforms, and also provide the opportunity for players to compete for on-chain valuables.

“Beeple, famed for creating an NFT that fetched $69 million, made his first profile-picture (PFP) NFT purchase—CryptoPunk #4593—for about $208,463. Highlighting the intricate dance of digital asset ownership, art, identity, and, increasingly, history, this acquisition holds a compelling narrative for the future of digital asset ownership and blockchain technology’s evolution.”

The United Arab Emirates national airline, Etihad Airways, is soon to expand its Polygon-based EY-ZERO1 NFT collection, providing holders with priority check-in, lounge access, and the ability to stake for miles. However, adopting blockchain technology might potentially alienate some customers unfamiliar with cryptocurrencies and NFTs.

Artist Vera Molnár and Martin Grasser released a collection of 500 non-fungible tokens (NFTs) named ‘Themes and Variations’, selling out in under an hour and earning over $1.1M. Despite the exciting prospects of NFTs, the volatility of the crypto market and environmental concerns should be considered.

Web3 wallet Suku is integrating with Twitter to allow users to easily send digital currencies and non-fungible tokens (NFTs). It aims to simplify the crypto onboarding process, bypassing the need to connect a wallet. Furthermore, Suku plans to integrate with other social media platforms, striving to create a decentralized payment system that works across various platforms. Despite the challenges, crypto payments on social media are on a promising trajectory.

“Launchpad XYZ, leveraging AI-powered price prediction tool, aspires to ease high-value crypto investments by providing data, insights, and analysis. Its native coin $LPX is for availing premium features and covering transaction fees. It introduces NFT mint whitelisting, facilitating users access to new collections backed with critical metrics.”

“Martial arts legend Bruce Lee is set to impart training in the metaverse, offering the opportunity to interact with Lee’s digital avatar, minted on the Ethereum and Polygon blockchains. This concept promotes the application of digital personalities in a virtual world, highlighting an exciting blend of past, present, and future. It also brings up ethical questions about digital representation of deceased individuals.”

Palm Foundation, with support from Polygon Labs and Consensys, is developing a Polygon Zero Knowledge Supernet to simplify onboarding and expand its NFT infrastructure. The plan includes addressing governance through Decentralized Autonomous Organizations and enhancing transaction speed while maintaining low gas fees. The initiative, targeting broader Web3 user-base, will complete its migration to a ZK Supernet by 2024.

The Pacific island nation of Palau is testing its own dollar-pegged stablecoin, with considerable assistance from Ripple. The project’s future is contingent upon a report to the nation’s government, deciding if the initiative will be fruitful long-term. Palau is also exploring blockchain technology in digital residency applications and plans to establish its own cryptocurrency exchange.

“Exchange.art, a Solana-based digital art platform, announced its plans to incorporate Ethereum support, venturing into multichain operations. The aim is to attract new creators, simplify cross-ecosystem selling for artists, and foster a hub for digital and traditional art solutions.”

“Connext and Alchemix have launched a new cross-chain token standard ‘xERC-20’ designed to enhance security and limit bridge exploit losses. This standard allows token issuers to maintain a record of bridges and control the number of tokens each bridge can mint, aiming to protect end-users from suffering losses. However, it doesn’t escape criticisms related to bridge security and the differentiation of ‘official’ and ‘unofficial’ tokens.”

“Crypto miners may expand into AI due to their shared requirement for high-end computer chips. Given the chip shortage, such diversification could be beneficial. For example, Applied Digital and Iris Energy are moving into AI cloud computing and high-performance computing data centers, respectively. This would reduce dependence on Bitcoin’s volatile price.”

The WLD project has launched their mainnet, revealing unique tokenomics and an innovative “iris-scanning Orb”. However, technical problems have overshadowed the launch. WLD supply will max at 10 billion tokens for 15 years, with initial circulation at 143 million. Yet, surprising complexities of network development led to a controversial increase in insiders’ token allocation. While tokens share for users are pre-minted, they’re locked for 15 years, highlighting long-term stability intent.