Category: Cryptocurrency News

I know how gas fees works. Just wanted to know what's the lowest gas fees you have seen lately on opensea? submitted by /u/justfart_ [link] [comments]

The transaction volume of the entire NFT market crossed US$16 billion in November 2021. In 2020, it was only US$355 million, which shows how impressive of a run NFTs have made to create a new asset class in the crypto industry. At the beginning of 2021, the market was mainly dominated by sports highlights and trading cards. But in the second half of the year, we saw NFTs take new forms, which created multiple market segments such as virtual real estate, gaming avatars, and fashion. Seeing the growth and evolution of NFTs, investors started to see long-term value in NFT and metaverse-based projects. As a result, many NFT gaming companies that aim to create virtual worlds raised tens of millions of dollars. An example is True Global Ventures which invested US$10 million into a metaverse leader, The Sandbox which is launching their Alpha access at the end of November 2021. The goal here is to take NFTs beyond digital art and status symbols. As the underlying technology, blockchain, of NFTs allows for greater transparency and trust in ownership, it can be used in creating new business models or making the existing ones more efficient. Though it is still relatively early in NFTs, we might just witness the birth of new use-cases that can change the whole world. Some are already making that difference: Generative NFT Art Becoming More Innovative Generative NFT Art gives artists the ability to generate different variants, but making sure that each of them is unique and with different rarity of attributes. Probably the most famous project so far is the 10,000 unique CryptoPunks that are used as a status symbol as they keep fetching higher and higher prices on the market places, and have made their way to top tier auction houses like Christie’s. As more projects are created everyday, many of them have started to “innovate” for example a Bored Ape Yacht Club NFT holder would get digital vials of mutant serum, which they could mix with their Bored Ape to create another NFT – a Mutant Ape. This engages the community of holders and incentivizes them to keep on holding their NFTs to be part of this exclusive group. Then, there are other innovative projects like Mauer, where they take the historical and emotional aspects of important human history, and mix it together with art and deploy them as unique NFTs. It tells the extraordinary stories of a divided world, as relevant today as it ever was, where a majority of the proceeds will go to charities that work for freedom and democracy across borders. NFTs Changing the Metaverses Metaverse could be the biggest bet of this decade and NFTs increase their odds significantly. By incorporating NFTs in a metaverse, users turn into creators, allowing them to monetize their content and to have true digital ownership. It can be anything as long as it adds value to the metaverse. Not only that, they can use NFTs as a provable identity card, or with the prerequisite reputation, in order to access exclusive events, groups and virtual spaces. For example, in a virtual space like The Sandbox, users dictate the future of its ecosystem, as they are the ones creating and developing game assets. This metaverse also offers VoxEdit, a powerful 3D modeling tool, to easily create assets and convert them into NFTs. The Sandbox is now the number one NFT Metaverse in terms of unique addresses, with over 500,000 registered wallets and 12,000 special virtual LAND owners. In November 2021, they generated more than US$144m worth of lifetime Gross Merchandise Value (GMV) sales and it looks to be growing even more in 2022. NFTs Making Music more Equitable The unequal distribution of revenue in the music industry has been a long-standing problem. On top of that, there is a lack of transparency and low royalty rates on most current streaming models. Now, this can be solved by tokenizing music tracks as NFTs. Artists immensely benefit from creating music NFTs, as they can release their album on-chain with higher royalties and avoid sharing a huge revenue split with third parties. Apart from the monetary upside, artists can involve their fans and build a passionate community. Building a community will help artists to directly connect with fans and start crowdfunding and crowdsourcing ideas/inspiration for new Albums. Artists can even issue their NFTs to raise funds and offer their fans the chance to earn a portion of the revenue generated by the artist. Mass NFT Adoption is Just a Matter of Time With so many use-cases penetrating the real world and adding significant value to people’s lives, it is only a matter of time before we see full-on mass NFT adoption. We will see the creator’s economy change completely, as every creative takes back more control and can monetize in multiple ways with the help of a community. Metaverses and Play-to-Earn games will fully integrate NFTs into their economic model and will create the next generation of gamers, who will not only enjoy their time in Metaverses and Games, but would also likely be able to earn money while engaging in these activities.  

The world of online betting has had a controversial history with several attempts being made in the past to introduce a legal, compliant and secure space for bettors to enjoy. In the past, most of these projects failed due to legal issues, privacy concerns, and other inefficiencies. However, the introduction of blockchain technology in the space has sparked a new hope in the heart of bettors as it ensures a secure and safe space for sport betting enthusiasts. The pre-blockchain scenario compelled users to act solely on trust that the platform will put their bets in due time and accurately. Besides, they had to rely on an unknown betting mechanism in an opaque and unfair environment. But blockchain can potentially change the way betting works by distributing the responsibility of tracking transactions across a broad network of participants.  Blockchain technology also introduces DAO in the online sports betting space. A DAO or Decentralized Autonomous Organization is an organization that does not have a single entity controlling the odds of the project but its community and investors. DAO can potentially change the online sports betting industry by distributing control and making the platform fair and transparent.  Betswap.gg is driving this change by being the first decentralized betting exchange that operates on multiple blockchains. It is a multi-chain project that will first go live on Ethereum and Polygon, followed by Solana and more, designed to help betting enthusiasts lay bets on their favorite sports against bettors around the globe.  What is Betswap.gg? Betswap.gg is a multi-chain decentralized betting exchange built as the first true challenger to the world’s dominant betting exchange. The project empowers its users to bet on any sport against a community of global bettors by simply connecting their MetaMask in seconds. Betswap brings the thrill of online sports betting with the added advantages of being anonymous, decentralized, and global.  Anonymous – Bettors do not have to register or create an account to start betting. They can simply connect their MetaMask wallet and start betting. Decentralized – Betswap is powered by Ethereum and layer 2 Polygon with a governance token that makes the project completely decentralized. Global – Blockchain enables global access, making Betswap available to bettors around the globe without any restrictions or limits.  Betswap.gg is a multi-purpose platform with a variety of services and features. Apart from betting, Betswap also allows their users to become bookmakers, making the sports betting experience more flexible and exciting. Some of the features of Betswapp includes,  Order Book – The order book gives the bettors in-depth knowledge about their returns, odds, lay, matched bets and make your own odds. Back Betting – Back betting is a feature offered by most online sport betting platforms, including traditional sport-books. Bettors can place their bets on a team and wager them to win. Lay Betting – with Lay Betting, the bettor can play the role of the bookmaker and bet on something that does not happen to increase the odds of winning.  Betswap.gg is the first decentralized platform to fully utilize the capabilities of blockchain technology in the online sports betting industry. All the transactions on Betswap.gg are done in a mistrust-free environment without any centralization. Moreover, the project is backed by a utility token with a buyback mechanism to keep the supply fluid.  Betaswap.gg is one of the most promising blockchain projects solely built for online sports betting enthusiasts. It ensures anonymity and security of the users, allowing them to enjoy the thrill of online sports betting without compromising on transparency.     

Say I do transactions with Matic, do these transactions at any point get "confirmed" or something similar on the Ethereum network? submitted by /u/mybed54 [link] [comments]

While non-fungibe token (NFT) collectibles have been very popular, NFTs have brought a slew of unique debates to the table and one of them has been censorship. The artist behind Stonetoss Comics, a series of political cartoons, has been censored by two very prominent NFT marketplaces — Opensea and Rarible. Stonetoss has told the public […]

submitted by /u/definitelytemporary [link] [comments]

Sounds dumb but I couldn't figure this out. We come across so many projects that claim to be decentralized but you must've noticed that most of them in one way or the other are not. What if they're collecting your data and posting it somewhere. submitted by /u/Dramatic_Manchanda [link] [comments]

submitted by /u/AmbientTextures [link] [comments]

A classic rebound comes as Coronavirus uncertainty continues and data reveals key insights into Bitcoin support and resistance levels.