Cost efficiencies, improved liquidity, 24/7 market access, and the removal of intermediaries were the main advantages’ cited which blockchain infrastructure has over current legacy systems. In five to ten years, almost every “real world” asset class could be tokenized in the form of a nonfungible token (NFT) according to Cynthia Wu, co-founder of digital asset…
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Despite a strong emphasis on “social status” in India, holding a Bored Ape Yacht Club NFT there isn’t impressing anyone. Despite ranking as one of the highest adopters of cryptocurrency among emerging markets, the majority of the Indian market is yet to embrace nonfungible tokens (NFTs). In an interview with Cointelegraph, Totality Corp Founder and…
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Storing an NFT “in chain” means that the NFT can be generated completely off the underlying smart contract, without any need for an off-chain storage provider. PROOF, the private community behind the Moonbirds NFT collection, has announced it is shifting its blue-chip collection completely “in chain” — allowing images to be fully contained within the…
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Analysts are divided on whether the potential NFT liquidation event is a buy-the-dip opportunity. Many owners of precious Bored Ape Yacht Club (BAYC) and CryptoPunks nonfungible tokens (NFTs), who used them as collateral to take out loans in Ether (ETH), have failed to repay their debts. The situation could lead up to the NFT sector’s first…
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MATIC has rebounded sharply after testing the July 2021 support level, borrowing further upside cues from Polygon’s partnership with Meta. Polygon (MATIC) price reversed course to the upside on May 10 after testing $0.794 as its interim support, thus rising by up to 25% to $0.99. The rebound occurred a day after the token slumped over…
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Shiba Inu developer promises a bright future with an upcoming NFT gaming project, but SHIB price continues to fall. Shiba Inu (SHIB) price dropped by over 10% to $0.00001641 on May 9 amid a broader crypto market decline. This year, SHIB’s returns were 50% below zero, one of the worst performances by a top-ranking cryptocurrency in 2022.…
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APE price could see more downside in the coming days as the Otherside hype cools down. ApeCoin (APE) caught its bulls off-guard with APE price losing nearly 40% in just three days. No dutch auction APE’s price reached its second-highest level, hitting $27.57 on April 28, up more than 2,650% from its mid-March debut. Nonetheless,…
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APE price now risks crashing by almost 20% from April 26’s price, based on its rising wedge pattern. ApeCoin (APE) underwent a modest selloff a day after the Bored Ape Yacht Club (BAYC), a popular nonfungible token (NFT) brand, reported losing $2.4 million worth of digital collectibles in a robbery. APE price rally to $25 stalls…
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GMT is booming amid warnings that its 38,000% price rally since inception could end up being an “absolute joke.” STEPN (GMT) has rallied strongly against the U.S. dollar this week as it looks likely to form a classical bullish technical pattern called the “bull flag.” GMT eyes more upside GMT’s price rose 30% week-to-date, including…
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Owners of the popular Bored Ape and Mutant APE nonfungible tokens (NFT) could receive virtual lands on the Yuga Labs’ upcoming “Otherside” metaverse. ApeCoin (APE) price has exploded higher on anticipations that it would become a de-facto payment token in an upcoming metaverse land sale. APE price swelled nearly 28% in one day to reach…
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