Crypto Insider

2023-03-24 21:00:42 Web3 gaming is picking up steam, and is being legitimized by some of the world's biggest streamers and brands.

Sony has filed patents for NFTs to allow transfers between games and consoles.

Their vision is to have items you earn in-game to be interoperable between different games and hardware like VR headsets, computers and different consoles.

Dr. Disrespect launches early access for his Web3 shooter game called Deadrop.

The game has taken the gaming community by storm, and incorporates NFTs.

CCP Gaming, makers of EVE Online, has secured $40M in funding led by a16z for a Web3 EVE game. Открыть/Комментировать

2023-03-24 14:00:50 ​ NFT wash trading increases by 126% in February: Data

The top six nonfungible token (NFT) marketplaces saw a rise in wash trading for the fourth straight month, with a total volume of $580 million. According to a new report from CoinGecko, February 2023 witnessed a 126% increase from the previous month’s volume of $250 million. As for the reason for the jump, the report points to a correlation with the overall recovery of NFT marketplace. Wash trading refers to the manipulation of trading volume or price through repeated transactions. The six marketplaces included in the report are Magic Eden, OpenSea, Blur, X2Y2, CryptoPunks and LooksRare. X2Y2, Blur and LooksRare played the largest roles in February’s wash trading volume, with $280 million (49.7%), $150 million (27.7%) and $80 million (15.1%), respectively. The other two marketplaces, Magic Eden and OpenSea, reported $590,000 and $42.57 million in wash trading, respectively. CryptoPunks, on the other hand, didn’t see any NFT wash trading, according to the report. The marketplaces have previously incentivized users to increase trading volume. Открыть/Комментировать

2023-03-23 22:50:02 Sony has filed a patent for NFT use, transfer, and sales.

The newly published patent is called:

‘NFT Framework For Transferring And Using Digital Assets Between Game Platforms’. Открыть/Комментировать

2023-03-23 14:00:50 Origin Protocol Considers Subsidizing OGN Rewards After Joining NFT Royalty Wars

The protocol is moving toward backstopping its OGN staking program with ether (ETH) and OGN subsidies funded by its budget, according to a governance proposal poised to pass on Tuesday. The action is designed to combat a short-term shortfall in the fee revenue that usually supports Origin’s popular yield program, which currently holds 11% of all OGN tokens. At press time, Origin’s website dashboards showed the protocol’s rewards pools for both ETH and OGN were fully depleted, indicating there were no tokens available to pay out to OGN stakers. With hours left in the voting, the subsidies proposal appeared likely to pass. At press time, 27 holders of Origin’s OGN tokens had voted over 1 million tokens in favor of passage, and none against. At least three participating addresses were associated with employees of Origin Protocol. Together, they comprised over 50% of the voting power. Открыть/Комментировать

2023-03-22 21:00:42 Balaji Srinivasan, a brilliant entrepreneur and investor, has set crypto twitter on fire by predicting that Bitcoin will hit $1M within 90 days.

He believes most banks in the US are insolvent, hyperinflation is imminent, and a US civil war will happen. Открыть/Комментировать

2023-03-22 14:00:49 China Will Become a Metaverse Tech Leader During 2023

A report issued by Globaldata, a global consulting and data analysis company, predicts that China will become a leading country in metaverse tech during 2023. The firm believes that the development of other technologies like artificial intelligence (AI), virtual reality (VR), augmented reality (AR), and 6G will allow China to configure itself as a metaverse hub. While the interest in the metaverse seems to be waning at a worldwide level, China is still pushing to become a leader in the industry. According to a recent report prepared by Globaldata, a consulting firm, China is positioning itself to surpass the West when it comes to metaverse tech, as the country will keep investing in technologies related to this field. Furthermore, Globaldata believes that there are signs that indicate that China will continue to invest in virtual reality and artificial intelligence with the objective of promoting the economic development of the nation. Открыть/Комментировать

2023-03-21 21:00:35 Instagram NFT initiative's swift death mints mourners, mehs

Meta’s decision to test an initiative that allowed artists to sell NFTs on Instagram was widely considered a positive development for the struggling industry. Now that the tech giant has pulled the plug on the project, web3 enthusiasts’ reaction to the sudden move is all over the place. Krugman’s frustration may resonate with many independent artists.

Meta’s new NFT feature allowed him to interact directly with his audience and he could seamlessly sell NFTs on the platform rather than having to redirect potential buyers to third-party marketplaces like OpenSea. Krugman did only one drop on Instagram of 100 NFTs at $50 a piece, which he said sold in under a minute. Meta is moving off of NFTs a little less than five months after launching the initiative that allowed a select few “creators” to showcase and sell “digital collectibles” — NFTs — using Instagram. Открыть/Комментировать

2023-03-21 14:00:44 Decoding the Enigma of Bitcoin NFT Ordinals

With the advent of blockchain technology, the revolution in the space of financial transactions has been phenomenal. From decentralized banking to trading cryptocurrencies, we have witnessed spectacular advancements. Another recent breakthrough was the emergence of non-fungible tokens (NFTs), which have been capitalized on by a large number of people. Bitcoin has evolved from being a lending and borrowing mechanism to becoming a host to a range of DeFi protocols in recent years with the advent of Stacks (STX), Wrapped Bitcoin, etc. It has now found another use case in enabling people to create and store digital artwork like images, audio, text, or videos on the Bitcoin blockchain network. This has become possible because of the Ordinals protocol. As thrilling as it sounds, this new evolution has become highly popular among the bitcoin community, and more than 100,000 ordinals have already been created. Открыть/Комментировать

2023-03-20 21:00:42 Hello Pets Now Acquires 10 BAYC In $6M NFT Expansion, Sets Sights On Metaverse

Hello Pets, a blockchain-based entertainment company, has recently made a significant investment in the NFT space. The firm announced that it had acquired 10 Bored Ape Yacht Club (BAYC) NFTs as the first step of its newly established $6M funds to develop and strengthen its Metaverse ecosystem. The purchased NFTs will be incorporated into Hello Pets’ various products, including movies, metaverse, games, AR/VR applications, Lego-like toys, fashion, and many more. Hello Pets believes that this approach will result in richer and more captivating content in its products, appealing to a broader audience. The company plans to keep buying more Blue Chip NFTs, as well as excellent content creating teams, to strengthen its ecosystem further. As part of the $6M fund, Hello Pets also plans to invest in and acquire high-quality Metaverse and game teams to build the ecosystem together and synergize with all its products. Открыть/Комментировать

2023-03-20 14:00:49 Instagram NFT initiative's swift death mints mourners, mehs

Meta’s decision to test an initiative that allowed artists to sell NFTs on Instagram was widely considered a positive development for the struggling industry. Now that the tech giant has pulled the plug on the project, web3 enthusiasts’ reaction to the sudden move is all over the place. Krugman’s frustration may resonate with many independent artists. Meta’s new NFT feature allowed him to interact directly with his audience and he could seamlessly sell NFTs on the platform rather than having to redirect potential buyers to third-party marketplaces like OpenSea. Krugman did only one drop on Instagram of 100 NFTs at $50 a piece, which he said sold in under a minute. Meta is moving off of NFTs a little less than five months after launching the initiative that allowed a select few “creators” to showcase and sell “digital collectibles” — NFTs — using Instagram. Stephane Kasriel, Meta’s head of commerce & financial technologies. Открыть/Комментировать