Polygon co-founder Mihailo Bjelic has proposed upgrading the Polygon proof-of-stake (PoS) network to a “zkEVM validium” version, according to a June 20 forum post. If the upgrade is implemented, the new version will rely on zero-knowledge proofs to increase security.
Polygon PoS is an Ethereum scaling solution that has over $900 million in total value locked within its contracts and does over 2 million transactions per day. It was first la...
Things are once again heating within the Yuga Labs NFT ecosystem — and this time, it all has to do with HV-MTL. Launched in March 2023, the Bored Ape-adjacent NFT collection has already gained significant traction in Web3 and is about to undergo a major evolution.
Billed as one of the “final” stops in the still-evolving, multi-part MDvMM.xyz saga, information about HV-MTL has slowly been unveiled over time. But now, ...
Renowned auction house Christie’s is dipping its toes into the weird wide world of Web3 yet again with another NFT-focused auction. Titled Cartography of the Soul, the curated selection — in partnership with collectors hub 1OF1 — aims to support the Multidisciplinary Association for Psychedelic Studies (MAPS), a non-profit organization dedicated to researching and promoting psychedelic therapies.
Presented by Christ...
With crypto in a state of turbulent flux, a demographic of nonfungible token (NFT) detractors in the fine art world might feel trigger-happy to, at last, declare the industry down for the count. Meanwhile, artist, critic, dealer, educator and outspoken NFT proponent Kenny Schachter is celebrating the conclusion of Slow Food — his first New York City art exhibition in 25 years — at The NFT Gallery on Manhattan’s Lower East Side, fresh off th...
The much-awaited ApeCoin election commenced its first day of voting on Thursday, June 15, at 6 p.m. EST. The election has captured heightened attention and has been amplified by the many daily Twitter spaces on the topic. This intense interest stems not just from Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) members but also from those outside these communities who seek to understand the election’s struct...
Let’s face it: The NFT space moves really fast. Considering how quickly things can change in the metaverse, a week in NFTs might as well be a month IRL.
Don’t get us wrong — the more people onboarded into the space, the merrier. But because of the constant influx of great art and ideas, it’s becoming increasingly difficult to keep up with all the news, launches, and general happenings.
Well, you can put the days o...
Ethereum users have been given another way to create nonfungible tokens (NFTs) and other digital assets on the blockchain with the launch of a new protocol.Launched on June 17 the protocol, dubbed “Ethscriptions,” is a nod to the Bitcoin (BTC) Ordinals protocol — where assets are known as “inscriptions.”Ethscriptions was developed by music website Genius.com co-founder Tom Lehman, who uses the pseudonym Middlemarch on Twitter. Lehman declar...
Blockchain investigator ZachXBT has been sued for libel by one of the people he accused of fraud, according to a June 16 social media post. Jeffrey Huang, known as MachiBigBrother on Twitter, has accused ZachXBT of damaging his reputation through false allegations.MachiBigBrother also posted an announcement stating that he is suing the on-chain sleuth.
ZachXBT responded to the lawsuit by calling it “baseless” and “an attempt to chill free ...
As the landscape of digital currency continues to evolve, it’s become apparent that the Securities and Exchange Commission (SEC) and other U.S. governing bodies are keen to redefine how the government regulates crypto. Yet, from the SEC suing Binance and Coinbase to the GOP calling for SEC restructuring, a clear path forward still seems a far way off.
Now, as if only to add the convolution taking the blockchain indus...
We’ve come a long way since the world’s first NFT was minted in 2014. Since then, projects like CryptoKitties, Rare Pepes, and CryptoPunks have revolutionized the industry — both creatively and financially. NFT sales have skyrocketed in response, and many of the most famous and well-known NFTs have brought in millions of dollars.
To record the most notable milestones, we’ve compiled a list of the most expensive NFT ...
