This is why Kanye West should have followed Snoop Dogg and released Music NFTs on Ethereum instead of his stem player product.
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Three news organizations in Ukraine have partnered with an NFT platform to sell access to exclusive content in order to continue reporting throughout their country’s ongoing war. Multiple reports indicate that the news organizations — Ukrainska Pravda, Hromadske, and Novoye Vremya — are collaborating with NFT platform Vault to secure $1 million via digital items. Approximately 10,000 NFT keys will be sold to assist the news groups in their current attempts to provide coverage of the Russian attack to Eastern European and English-language audiences. Ukraine News Groups Becoming Popular The prominence of Ukrainian-language publishers has increased as international attention has shifted to Russia’s invasion of the sovereign European nation. Sevgil Mysayeva, editor-in-chief of Ukrainska Pravda, said that his publication was the “second most popular” website in Ukraine during the initial days of the invasion, next to search giant Google. In 2000, political journalists Olena Prytula and Georgy Gongadze co-founded Ukrainska Pravda, the latter of whom was killed shortly afterwards. Related Article | Risk Aversion Pulls Crypto Market Down, Bitcoin Still Below $40K In layman’s terms, NFTs are “one-of-a-kind” digital assets that may be purchased and sold like any other type of property, but lack a physical form of their own. Consider digital tokens to be certificates of ownership for either virtual or tangible assets. NFT Trading Volume At $25 Billion A quick overview: The value of NFTs exchanged last year was $25 billion, according to DappRadar, which monitors more than 30 blockchains. According to Vault: “Each key will grant access to content created by the publication’s “brave team of journalists, photographers, and editorial team, including photographs and videos, links to articles and recommended readings, and a special weekly email blast for supporters.” This is not the first time Ukraine has shifted its fundraising focus to the crypto business. Since Russia’s invasion of Ukraine, the Ukrainian government has raised around $60 million through more than 120,000 cryptocurrency donations, according to London-based blockchain analytics firm Elliptic. Ukraine’s cryptocurrency crowdfunding began on February 26, 2022, just two days after Russia kicked off its military assault. Helping Ukraine’s Military Fight The Russians The Ukrainian government is likewise embracing digital assets as a means of funding its military. Ukraine raised $270 million last week through an auction of war bonds. Each one-year bond carried a face value of 1,000 Ukrainian hryvnia and had an interest rate of 11%. The country’s finance ministry said: “The revenues from the sale of the bonds will be used to support the needs of Ukraine’s Armed Forces.” Top News Outlet Gets $1 Million Meanwhile, a Go Fund Me campaign for Ukraine’s top English-language news organization, The Kyiv Independent, had raised about $1 million as of Monday. Related Article | Goodbye, Russia – A Number Of Goldman Sachs Employees Are Leaving Russia To UAE Featured image from Business Wire, chart from TradingView.com
Initiatives are launched on International Women’s Day 2022 to bring more women to Web3, but will this be enough in the long-run?
PRESS RELEASE. Last week Africa founded cryptocurrency exchange, Quidax, announced that its crypto markets had been listed on CoinMarketCap, the world’s most-referenced price-tracking website for crypto assets in the rapidly growing cryptocurrency ecosystem. With this announcement, Quidax is the first fully African owned crypto exchange to be listed on CoinMarketCap. This listing represents a milestone […]
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Nice thread on DA and DAS https://twitter.com/mt_1466/status/1501188854878982155?s=20&t=v72oabg259Ir2cDK8CV43g Tl;DR As long as all the execution data is made available on the mainnet, the chain does not require every node to execute every transaction in order to validate transactions and reach consensus. Because rollups can cryptographically-guarantee (via a proof) that the transactions are valid, these transactions can…
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BSP Governor Benjamin E. Diokno says that the goal of the project is to enhance “the payment system’s safety, resiliency, and efficiency.”
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