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2024-05-02

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Overall, the SHIB team seems to be working on something big as recently Shytoshi stated in the Telegram group that “something’s brewing”. Besides, prior to that he mentioned a recent meeting with some members of the Shibarium partner Bad Idea AI. He said that in the course of the meeting they discussed “secret and not so secret” AI initiatives for Shiba Inu. On the other hand, a private blockchain, like Ripple or Hyperledger, is operated by an organization or group. The only way users can join the network is through an invite. The system also has the authority to go back and change the blockchain. This type of blockchain is similar to an in-house data storage system but spread across multiple nodes for security purposes. Best Crypto Options Trading Platform ListWhat do you think about the last seven days of NFT sales? Share your thoughts and opinions about this subject in the comments section below.Steven Soderbergh-Backed, NFT-Funded Film Lands Global Sales Deal In this week’s newsletter, check out Glassnode data that shows nonfungible token (NFT) protocol Bitcoin Ordinals may not be clogging the network. Read about British politicians using the metaverse to discuss opportunities and challenges in Web3, and find out why Rolling Stone says NFTs are “finally totally worthless.” And don’t forget this week’s Nifty News, featuring world-renowned artist Takashi Murakami saying he might not release any more NFTs. U.K. politicians don metaverse avatars as they share Web3 roadmapPoliticians in the United Kingdom gathered in the metaverse on Sept. 20 to set out a vision for the country’s Web3 and blockchain industry. The gathering included eight British Lords, politicians and global leaders speaking about both the opportunities and challenges that the growth of Web3 technology could bring. According to Natalie Elphicke, a member of parliament who appeared with a unique avatar in the metaverse, Web3 “reimagines the very fabric of the internet,” representing a paradigm shift. Continue readingBitcoin Ordinals haven’t wrestled blockspace from money TXs: GlassnodeData from on-chain analytics firm Glassnode shows that despite concerns the NFT-like Bitcoin Ordinals protocol is clogging the Bitcoin network, there’s little evidence to prove it. According to Glassnode, inscription users tend to set low fee rates, showing they are more willing to wait longer for confirmation. “Inscriptions appear to be buying and consuming the cheapest available blockspace, and are readily displaced by more urgent monetary transfers,” the firm explained in its on-chain report. Continue readingNFTs are “totally worthless” says mainstream media, community respondsMedia outlet Rolling Stone has declared that NFTs are “finally totally worthless” in a recent report. The firm cited the findings of a DappGambl study on the NFT landscape. According to the data, up to 95% of NFTs owned by over 23 million users have no value at all. Members of the community responded to the report, with some showing previous articles from the media outlet that promoted the Bored Ape Yacht Club collection. The community member highlighted the drastic shift in the media narrative regarding NFTs. Continue readingNifty News: Murakami to step back from NFTs, Dan Harmon’s NFT show debut and moreJapanese artist Takashi Murakami has recently said he might not release any more NFTs after entering the market in 2021. The artist said in an interview with The Guardian that maybe he is “done releasing NFTs.” Murakami’s NFT collection Murakami.Flowers generated over $40 million in secondary trading volume, according to data from NFT marketplace OpenSea. Meanwhile, NFT artist Danny Casale recently won a multimillion-dollar contract dispute with a Web3 art curator called DigiArt. DigiArt sued Casale in March 2023 for allegedly breaching their contract after launching his own NFT project. However, a judge has taken the artist’s side as there was no contract start date specified. Continue readingCHECK OUT COINTELEGRAPH’S NFT STEEZ PODCASTThanks for reading this digest of the week’s most notable developments in the NFT space. Come again next Wednesday for more reports and insights into this actively evolving space.Bitcoin Ordinals haven’t wrestled blockspace from money TXs: Glassnode

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Across several media interviews this past week, Zuckerberg has made it clear that recent developments in generative AI as key to maximizing myriad applications in the “metaverse.” In particular, the Meta CEO dialed in on the creation of digital avatars that will one day be embedded across the company's products. Nonfungible token (NFT) platform OpenSea says it is unaware of any evidence pointing to a former employee being involved in the infamous AnubisDAO rug pull in 2021 following new accusations on social media. Where & How To Buy Dogecoin-Simple 2023 DOGE Buying Guide“It’s not like, ‘hey, let’s just dump a bunch of yield into it and compete with DAI.’ Our view is we want to complete this design,” Kazemian said. “In order to complete a dollar-pegged stable coin, you need a way to bring the Fed yield on-chain.”Ethereum is ‘much more centralized than folks realize’: Blocknative’s Matt Cutler Despite prevailing uncertainties in the cryptocurrency landscape, the Cardano price remains resilient above the $0.24 mark, a steadfast support that has consistently withstood market pressures over the last nine months. In addition, the Momentum indicators RSI has highlighted an uptick in buying interest around this crucial support. This convergence suggests that the asset might be primed for a potential turnaround and the commencement of a recovery phase.

You might also like: What is Friend.tech, social platform earning over $1m in fees “My long-term view is that all DEX trades should move to L2s as lower transaction fees help the most with high-velocity transactions,” he concluded.This Hidden Ethereum (ETH) Support Is Extremely Important How to make money online in Nigeria (2023)“I had long been optimistic that we could power through this transition without layoffs, but in retrospect, I see that this was unrealistic,” Sweeney added. Cryptocurrency Selection: Some services provide a variety of cryptocurrencies to mine. Consider the cryptocurrency's profitability and its future value.

Bitcoin Cash (BCH) Miners Reserves | Source: IntoTheBlock Tokenization platform Brickken is holding a competition for indie developers — allowing them to raise capital, attract a new audience of engaged players and accelerate their projects.For years, crowdfunding has been the go-to for game builders looking to make a splash and secure investment for their big idea, and it continues to enjoy significant demand within the game industry.Statistics from Kickstarter reveal that gaming is still the most popular category for crowdfunding campaigns. A total of 80,163 projects have launched after securing $2.27 billion in investment.But gaining traction and achieving milestones has gotten more complicated as the market reaches saturation — with even the most promising titles struggling to stand head and shoulders above the competition.This is where tokenization comes into play and turns gamers into stakeholders.The benefits of tokenizationBefore tokenization, a significant barrier to entry for potential investors in emerging gaming projects was the minimum investment required. To make matters worse, those who contributed might not receive much incentive in return.Tokenization transforms all of this — by automating and token-gating these processes. It opens the door to fractional ownership, meaning gamers on all budgets can take a stake in the projects they’re passionate about. Developers also have an opportunity to give backers a seat at the table — allowing them to vote on key milestones that’ll alter the course of the project in the months and years to come. Communication channels can be walled off to those who have made a contribution too, enabling them to tap into exclusive perks and content.Moreover, tokenization is a marketing powerhouse for both players and game developers. Players become stakeholders, motivated to promote and engage with their favorite games actively, and tokenized assets further fuel their involvement. For developers, it's a community-building tool that incentivizes player engagement. The result is a more inclusive, efficient, and engaging ecosystem that benefits both developers and gamers alike.As Felix Tejland, chief marketing officer at tokenization solution provider Brickken, points out, crowdfunding has played a pivotal role in bringing our most beloved games to market.“Asset tokenization is the evolution of that, introducing a participatory aspect in which the early adopters can be properly incentivized to boost awareness and help in marketing the game.”Unlocking the futureNow, the Brickken Gaming Awards have launched — allowing budding developers to showcase their creations in exchange for the chance to supercharge their ideas like never before. Successful applicants have the potential to win free tokenization and a marketing package worth $10,000.Source: BrickkenThe project says this can give imaginative games massive exposure and sponsorship opportunities, all while cultivating contacts with fellow developers and enthusiasts.After filling out a participation form, applicants who advance to further rounds will be tasked with pitching their game in a live broadcast — paving the way to a final where prizes will be awarded.Ever since smartphones challenged the dominance of game consoles, there’s been a golden opportunity for cutting-edge titles to make a huge impact — and reach emerging economies that were once out of reach. Brickken now believes that tokenization could take fundraising and audience engagement to the next level.Learn more about Brickken Gaming AwardsDisclaimer. Cointelegraph does not endorse any content or product on this page. While we aim at providing you with all important information that we could obtain in this sponsored article, readers should do their own research before taking any actions related to the company and carry full responsibility for their decisions, nor can this article be considered as investment advice. Dogecoin Price Prediction-Pump Ends As Doge Runs Out Of Bark. Buy These 5 AlternativesRelated: Israeli authorities seize crypto from terror organizations, credit new technologyRipple CFO Kristina Campbell exits company The Zero-Knowledge Proof technology still continues to be a newly advanced tech with the passing of time. Many experts have started to see the utility value of zero-knowledge proof as various projects have implemented them in their operations. With the power of enhancing speed and security, the applications and the possibilities of zero-knowledge technology are also endless.

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