Art collectors and fans of the cult science fiction film Alien will have a chance to purchase a fractionalized digital artwork of a rare sculpture by the late Swiss artist H.R. Giger. Digital art platform Particle, which uses blockchain technology to offer fractionalized ownership of culturally significant artworks, will conduct the sale, according to the company’s…
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Reddit co-founder Alexis Ohanian firmly believes that play-to-earn is the future of gaming despite the decline in popularity of some major P2E games. In a recent Twitter thread, Ohanian, who is the founder and current General Partner of Web3-focused venture capital firm Seven Seven Six, said play-to-earn “will become standard for video games in the…
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The global blockchain gaming market will grow significantly during the next seven years and is expected to reach a market cap of $301.53 billion by 2030, according to a report issued by markets and intelligence firm Grand View Research. The “Blockchain In Gaming Market Size” report, found that this growth will be powered by the…
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On Monday, May 28, 2023, a pivotal landmark was reached as the aggregate quantity of Ordinal inscriptions minted on the Bitcoin blockchain exceeded 10 million in under half a year. Since Ordinal inscriptions’ inception, bitcoin miners have garnered roughly 1,596 bitcoins, valued at $44.37 million. 10 Million Ordinal Inscriptions and Counting This week witnessed the…
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The popular social platform is about to hit a big milestone in terms of collectible avatar holders after launching “Reddit NFTs” in July 2022. Social platform Reddit is close to breaching 10 million holders of its collectible avatars, or “Reddit NFTs,” nearly 11 months after its launch in July 2022. According to Dune Analytics, there…
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Economist and ardent gold advocate Peter Schiff caused a stir on Friday by announcing his participation in an upcoming art sale featuring non-fungible tokens (NFTs). These unique digital collectibles will be minted on the Bitcoin blockchain using Ordinal inscription technology. Schiff’s surprising entry into the NFT market through Bitcoin has piqued the curiosity of onlookers,…
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A recent study by Dappradar discloses the May loan volumes for non-fungible tokens (NFTs) reached a high of $375 million. The findings emphasize the significant influence of Blur within the NFT lending market, as the NFT marketplace platform constitutes 82% of the entire value settled in the NFT lending sector. Blur Emerges as NFT Lending…
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Blockchain gaming company Azra Games is taking a different approach to NFTs in Web3 games, focusing on the gameplay itself rather than the crypto elements. In a recent interview, Azra Games founder and CEO Mark Otero said Web3 games need to be so good that people adopt it for the gameplay not for NFTs or…
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Image by Fareed Mindalano / Playground AI LOVESNOOPY recently announced a massive 85% reduction in its total token supply through a strategic token burn. This dramatic move could increase the value of its remaining tokens over time, representing an ambitious maneuver in the volatile cryptocurrency market…. Read More: LOVESNOOPY Burns 85% of Tokens While Crypto…
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In the past month, recent data reveals that sales of non-fungible tokens (NFTs) originating from the Bitcoin blockchain have surged to $173.28 million. Surpassing 20 alternative blockchain networks, Bitcoin-based NFT sales now secure the second position in the realm of blockchain sales, with only Ethereum reigning supreme. Bitcoin-Based NFTs Storm the Market, Surpassing 20 Blockchain…
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