Solana’s Cardinal protocol is winding down operations due to economic conditions, nearly a year after raising $4.4 million to improve nonfungible tokens (NFT) utility. According to an announcement on Twitter, withdrawals should be made by Aug. 26. Cardinal Labs was an infrastructure provider dedicated to supporting NFT use cases on the Solana network by offering protocols and software development kits (SDKs) for staking, rentals, subscripti...
For one night earlier this month, the bear market felt a world away.
On June 15, digital art enthusiasts packed the Sotheby’s New York showroom for its highly-anticipated Grails Part II live auction, featuring a notable trove of generative art NFTs headlined by Dmitri Cherniak’s Ringers #879 — affectionately nicknamed “The Goose.“
The collection being put to hammer came with a checkered past. Curated by pseudonymous coll...
In the midst of the ongoing legal skirmishes between the U.S. Securities and Exchange Commission (SEC) and the cryptocurrency industry, Joseph Lubin, co-founder of Ethereum, remains unbothered. Lubin, who also serves as the CEO of ConsenSys, the blockchain-based financial infrastructure company, expressed his views on the regulatory status of Ether (ETH), the native cryptocurrency of the Ethereum platform, during a rece...
In this week’s newsletter, read about the German foreign intelligence agency issuing a dog-themed nonfungible token (NFT) treasure hunt and check out the new NFT stamp collection from the autonomous territory of the Faroe Islands. Find out about Hermès latest win in its infringement case against MetaBirkins, and don’t forget this week’s Nifty News, featuring the NFT Web3 card game Gods Unchained being added to the Epic Games store, and why ...
The community has voted, and the ApeCoin DAO election winners have been chosen. The new Special Council members are Capetain Trippy and Waabam_eth. The new Stewards are AllCityBAYC and tigerisfine. Members elected to the ApeCoin DAO can serve up to two terms at a time.
The election officially concluded on June 28 at 6 p.m. PT. The race was dynamic, characterized by frequent and rapid changes in standings occurring d...
On June 27, the Azuki Elementals mint went live, generating immense fanfare throughout Web3. Billed as the next evolution of the popular anime-themed PFP project, Elementals sold out in record time, failing to make it past presale before all 20,000 NFTs had been minted.
Perhaps to be expected, though, not everything went off without a hitch. From unsatisfactory mint mechanics to an underwhelming reveal, after the dus...
In the highly volatile and ever-changing cryptocurrency market, exchanges are striving to not only survive but thrive in all market conditions. They understand the importance of catering to institutional investors who demand innovative tools and solutions to meet their evolving needs.A common trading strategy for institutional users is trading the basis, or taking advantage of the difference between an asset’s price on different markets, su...
Can ridesharing bring Web3 to the masses? Eloop, a Vienna-based car-sharing service company, in collaboration with Web3 ecosystem Peaq Network, seem to think so. The pair have recently taken a step toward strengthening the intersection of blockchain and transportation by tokenizing a fleet of Teslas. Eloop has integrated blockchain-based self-sovereign IDs into just under half of its fleet of over 200 cars. The integrat...
The NFT marketplace Magic Eden has announced that it will incorporate BRC-20 token functionality on its open-source secondary marketplace and creator launchpad, according to information shared with nft now. The announcement comes just two months after the platform introduced Launchpad for Bitcoin Ordinals, the protocol that allows NFTs to be traded on the Bitcoin blockchain.
The update, which will go into effect at...
Cryptocurrency exchange Bybit already operates out of Dubai, but its current licensing doesn’t allow the firm to serve all customers, according to its CEO.On June 27, Bybit FinTech FZE, a subsidiary of the global exchange Bybit, announced it received the Minimum Viable Product (MVP) preparatory license from Dubai’s Virtual Assets Regulatory Authority (VARA).Speaking to Cointelegraph, Bybit CEO Ben Zhou said the exchange is working hard to a...
