Just transferred $100 to coinbase wallet to buy some VXV. They want me to pay $300 of ETH just to invest $100 into the coin. ETH will not survive like this, it’s time is ticking. Doesn’t take someone with much knowledge of this space to see that. submitted by /u/Telasto [link] [comments]
As the NFT craze continues to sweep across the industries of the world, it’s clear that the technology is moving away from the fringe “tech enthusiast” space and into the limelight. At this point, it is safe to assume that everyone has heard of cryptocurrencies such as Bitcoin and Ethereum, but crypto alone is far from the only game in town. NFTs (non-fungible tokens) are quickly surpassing cryptocurrencies in popularity as they gain mainstream attention for their use in sports, gaming, contemporary art, and even real estate. Currently, the NFT market boasts a multi-billion dollar valuation which is bigger than many well-established cryptocurrencies projects that have been around for several years. The market is projected to grow even more as companies and organizations begin to adopt these NFTs across an array of different industries. However, while they are mostly associated with art or gaming and collectibles NFTs are also making waves in the sports industry. NFTs in Sports The world of sports makes for a prime example of how NFTs can truly change the way fans interact with each other as well as with their favorite teams. Consider, for example, fans of a specific football club. Every year season ticket holders have to decide whether or not they’ll renew their tickets as prices increase. In addition to this, members must also decide if they want to upgrade their seats or even purchase new ones. Every year, the cost of renewing your tickets increases, which means that fans must either fork out more money or risk losing their seats to someone else. As a result, many fans are forced to make the difficult decision between spending money on football tickets or other day-to-day necessities like groceries and utilities. However, NFTs can eliminate this issue as they can be used by the sports team to galvanize funds from fans while allowing fans holding season tickets to earn a percentage of the revenue the team receives. In essence, the fans can earn tokens by holding their NFTs and spend those proprietary tokens by engaging in various activities and experiences with their favorite club. With NFTs, the fans no longer have to choose between renewing their tickets or paying for other necessities because they can do both simultaneously. For instance, after attending a match, fans will collect tokens which they can then spend on other experiences like meeting their favorite players, watching training sessions, or even taking a tour of the stadium. This gives the fan a chance to be truly invested in the team’s success and also helps to keep the most devoted fans coming back year after year because they have access to exclusive team events and experiences which are only available to the team’s NFT holders. Not only do NFTs allow teams to attract more season ticket holders by giving them exclusive access to club-related experiences, but they also allow clubs to reduce ticket prices. In addition, this allows teams to earn money from NFTs as fans buy them and redeem them at games or events where the team can take a percentage of each purchase. MetaFans NFTs The utility of NFTs in the world of sports goes beyond the memorabilia of digital art or other forms of collectibles. However, existing sports NFT projects primarily focus on selling NFTs in mass instead of offering the most value to NFTs holders and creators. MetaFans seeks to offer a unique solution with a sports NFT platform that combines the love for collecting sports memorabilia with various levels of utility to encourage the development of a sports fandom. MetaFans is the first-of-its-kind company to offer a collection of sports NFTs that go beyond cookie-cutter digital art that currently proliferates the sports NFT marketplace to offer a new era of collectibles with real-world value and experiences. Created by cofounders Maxfield Bala and Marion Phillips MetaFans uses NFTs to foster a community of fans who can gain residual reward opportunities as well as have real-life experiences with their favorite teams. With the initial launch of its first 10,000 Sports Fan NFTs, not to mention a reward-driven NFT collection called FanEpack NFTs, MetaFans is set to go beyond the world of sports with a strategy that not only benefits NFT collectors but also supports respectable brands, athletes, musicians, gamers, and actors to mention a few. MetaFans Diamond Club Collection MetaFans’ Diamond Club Collection is the main attraction the company offers NFT collectors and enthusiasts. It contains a set of 10,000 unique digital collectibles built on Ethereum’s ERC-721 standard. From this collection, there are over 700 unique traits across 4 avatars that are designed by Maxfield Bala who spent hours illustrating each trait by hand. Bala is an internationally renowned illustrator and fine artist who has worked with brands such as Disney, the NFL, Coca-Cola, and Samsung. He has collaborated on various mainstream artistic projects around the world. Each NFT in the Diamond Club (DC) Collection gives holders membership to an exclusive group of successful blue-chip investors, entrepreneurs, and lifestyle curators within the MetaFans ecosystem. This is the MetaFans approach at enabling fans to have access to a digital country club for sports fans. With this feature, NFT holders in the MetaFans platforms will be able to join an eccentric ever-growing community of fans while still enjoying the multiple benefits and utilities of owning those NFTs. Benefits of Owning MetaFans NFTs Apart from the perks that come with owning a MetaFans DC NFT, the opportunity to mind additional NFTs within the MetaFans platform also comes with additional features. For instance, MetaFans offers the Owners Box Guest NFTs, which grant holders the privilege and power of having the best seats in the house during sports and entertainment events. This set of NFTs includes super rare collectibles completely hand-drawn by Bala (the project’s founding artist). Also, those who hold Genesis MetaFans NFTs in the DC collection will be able to mint a FREE MetaFans FanEpack NFT that can be redeemed for various giveaways and benefits separate from the main MetaFans DC NFTs. Some of the benefits include a claim to real-world merchandise, NFTs of clothing and accessories that can be used with various avatars in the metaverse, and access to future trade-up programs such as collecting enough FanEpack NFTs to burn for a Backpack. Conclusion: MetaFans Future Collaborations Sporting teams around the globe are quickly realizing that NFTs are the future, especially for sports fans. They allow fans to truly interact with their favorite clubs in a way previously thought impossible. While many teams have recognized this potential, they have yet to fully capitalize on it because they don’t understand the industry well enough. MetaFans was created to fill this hole, which is the company’s core mission. Once a fan owns a MetaFans NFT, they can use it as a ticket replacement for any future event held by their favorite teams and clubs throughout the country or around the world. These collectibles can also be used as promotional items during special events, giveaways, and other activities within the team’s community. As for athletes, many are already part of the MetaFans ecosystem, given MetaFans plans to collaborate with professional athletes, music stars, and gaming influencers. NFT holders in the MetaFans community will have advanced access to NFT collections launched by various sports stars, musicians, and influencers at a discounted price. These and other developments in the MetaFans ecosystem will go a long way to give amazing rewards and gifts to NFT holders in the world of sports and entertainment.
Genuinely curious as it will help determine my investment focus. I have investments in ETH already but trying to get a firmer grasp on why ETH has made such a name for itself and increases in value like it does. submitted by /u/Alwaysfavoriteasian [link] [comments]
Crypto is here to stay, however, the current craze over NFTs (particular the jpeg kind) and Metaverse is a very speculative echo chamber created by influencers. Big companies are jumping on as a way to advertise their own products. I’m all for Crypto that gives real improvements. For example, Bitcoin is hedge against inflation and…
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The total supply for USDC on Ethereum has surpassed that of Tether, putting USDT in second place on Ethereum for the first time.
submitted by /u/acotwo [link] [comments]
Crypto noob with a question. I've only got about 2k (cad) worth of ether on the Newton exchange but it's a pretty considerable part of my portfolio as a college student. My question is does it make sense right now to take my crypto off an exchange in order to stake it? The reason I…
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Crypto.com, a leading cryptocurrency exchange, experienced an incident on January 17 when some of its users reported strange activity in their accounts. The exchange acknowledged the event, and conducted an investigation immediately after, declaring that all funds were safe. However, reports from security and blockchain auditing firms Certik and Peckshield indicate that some funds were […]
Hello Builders , I want to register an eth username on ENS but the price it is quoting me is $105 from last 2 months which includes $5 as registration fee and $100 as gas fees. $105 is too high for me and I don't want to pay that much. I want to know is…
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Decentralized finance (DeFi) on Solana has been growing at a massive rate. One project to look out for, Hubble Protocol, will be making a huge addition to the DeFi offerings on Solana when it launches a stablecoin borrowing platform (being called “the MakerDAO of Solana”) on Mainnet Beta this January 28th, 2022. Before the launch of Hubble’s stablecoin, USDH, the protocol will hold three separate HBB token launches on three different launchpads: SolRazr (link), Solanium (link), and DAO Maker (link). There are a ton of reasons why Hubble’s IDO will be the hottest IDO in January–one that shouldn’t be missed. Here’s why anyone serious about DeFi should mark their calendars and think about getting their hands on some HBB. Users Can Earn Hubble Protocol’s Fees By Staking $HBB Hubble is a fee-sharing DeFi protocol. This means that it collects fees for its services and distributes the majority of this revenue to the Hubble community. The method for receiving a share of Hubble’s revenue is straightforward: stake HBB, and the protocol’s smart contract automatically divides the collected fees among users. Right now, 85% of all revenue from minting USDH (a one-time 0.5% fee) will go to users who stake HBB. As Hubble increases, the number of services it offers, the amount of fees collected by the protocol will increase, and users who stake HBB will benefit from this as well. When the protocol goes live on January 28th, it will be possible to start staking HBB and earn fees collected in USDH. Getting HBB at launch means users can maximize their time earning a share of the protocol’s revenue by staking their tokens as soon as it’s possible. Gaining access to Hubble Protocol’s fees is just one major utility for staking HBB. Another upcoming feature is the ability to take part in the protocol’s governance when Hubble becomes a Decentralized Autonomous Organization (DAO). Hubble’s Stablecoin Will Be a Solana DeFi Game Changer DeFi and most of the crypto community depend on stablecoins for many reasons. They are a store of value to stash profits when the markets are red, and they are the most common pairings for tokens in liquidity pools. One sign of how important stablecoins are to DeFi is that the top three projects measured by total value locked (TVL) are Curve (a stablecoin AMM), Convex (a protocol that boosts Curve yields), and MakerDAO (the project that issues the stablecoin DAI and paved the way for Hubble). Hubble Protocol is introducing a stablecoin that is backed 150% by decentralized crypto collateral. This means that no central authority can “shut down” USDH. Recently, Tether froze $160 million of assets on Ethereum, and they can only do this because their stablecoin, USDT, is fiat-backed and centrally issued. This censorship resistance makes USDH much more like Liquity’s LUSD (even DAI is now collateralized by USDC, which is also centrally issued and backed by fiat). However, LUSD can only be minted with ETH deposits on the Ethereum (expensive) network, and Hubble mints USDH using SOL, BTC, ETH, mSOL, and other tokens that will be added in the future on Solana (cost-effective, more DeFi projects developing there). According to Decentral Park Capital and their Hubble investment thesis, USDH could become a “core Solana stablecoin” in the future as more projects use it as a store of value or, for example, use cases like margin. USDH Starts Off With Important Use Case at Launch It’s predicted that users and even other projects will be attracted to USDH for its censorship-resistant qualities. Additionally, the demand for and use of Hubble’s stablecoin should be guaranteed at launch due to the innovation of the Stability pool. Users can deposit USDH into the Stability Pool on Hubble in order to help pay off liquidations when other users borrow too much. When a user is liquidated, the people who deposited USDH into the Stability Pool earn around 10% of the extra tokens left over from the liquidation. In essence, the Stability Pool is a way to “democratize liquidations.” It allows users to hold stablecoins while the market fluctuates as well as buy into positions in BTC, ETH, and SOL at a discount when the market drops and liquidations occur. Not only can users earn some of the highest-ranked crypto assets on the market for participating in the Stability Pool, but they can also earn HBB tokens at the same time. Hubble rewards users who deposit in the Stability Pool with a constant drip of HBB, and that’s a huge amount of additional value for everyone who participates. Hubble Protocol Democratizes Token Launches for Community In the future, HBB will be used as a tool for governing Hubble Protocol as a DAO. Right now, Hubble is opening the ability for the community to access HBB tokens at an early price by distributing allocations to three separate launchpads. Launching a token on a launchpad helps ensure that bad actors cannot suck up all of the supply or affect the price of a token during the process. Launchpads also make sure bots cannot do the same thing. By launching on not one but three different launchpads, users are almost guaranteed access to HBB and the rewards for staking the token on Hubble. Discover all the details here. The three token launches will be held throughout the end of January.
