MetaKovan, the leading collector of NFTs, says that he prefers NFTs over physical artworks because they are composable and available on the blockchain. MetaKovan recently revealed that his real name is Vignesh Sundaresan. Here are some of the reasons that convinced him to pay this amount of money for The First 5000 Days, an artwork created by Beeple.
Decentralized finance (DeFi) protocols and non-fungible tokens (NFTs) are the hottest categories on the cryptocurrency markets right now. While DeFi has already had its first hype-driven boom during the summer of 2020, the NFT markets have only recently started to see exponential growth. From crypto art and in-game collectable items to digital identity solutions – the NFT’s use cases seem almost unlimited. While this hyped-up subgroup of cryptos might be a bit overheated at the moment, almost every project that has recently implemented a new NFT-related feature has seen the price of its coin skyrocket. The NFT-focused project in this week’s selection is accompanied by a governance token of a famous decentralized exchange and a project that focuses on decentralized governance.
Cardano (ADA) has been one of the success stories of the 2020/2021 crypto bull market and has soared into the Coinmarket top 5 over the last few months with no sign of slowing down. As a leader in the crypto betting industry 1xBit casino recognises that the provably secure nature of the ADA token makes it an ideal option for the crypto betting industry and has now added it to the growing list of supported currencies on its online casino and sportsbook.
With the total market capitalization for the cryptocurrency market at a record $1.7 Trillion dollars 2021 is experiencing a bull market buoyed by mainstream adoption and institutional investment for the first time in its history. The ICO fueled market bubble of 2017 has been replaced by tangible blockchain technology adoption in almost every major global industry.
London, United Kingdom, 22nd March, 2021, Yerevan, Armenia, March 22nd 2021: Leading cryptocurrency portfolio management platform CoinStats raises $1.2 million pre-seed round of funding from investors that include Imperii Capital as well as Stefan Cohen and Jonathan Weiner. Leading investors aim to support the platform’s rapidly growing 1 million monthly active users and future product…
Interest in DeFi has grown significantly in recent months, and this has contributed to the congestion on the Ethereum blockchain. DeFi users on Ethereum are now paying high transaction costs, which has resulted in a lot of criticism and users looking for alternative DeFi platforms. SushiSwap, an automated market maker protocol, says that they will be launching their service on the Avalanche blockchain in addition to Ethereum.
Innovative blockchain game Cometh has launched ComethSwap, its own Layer 2 decentralized exchange. The announcement was made on Cometh’s official social media accounts with more details explained by the team. The new exchange lets users swap any ERC20 token at a low cost with high transaction speeds.
San Francisco, California, 18th March, 2021, American actress, singer, songwriter, entrepreneur, and television personality Lindsay Lohan is launching her new exclusive NFT on TRON blockchain. While Ethereum costs users too much to own any NFTs, TRON blockchain and TRC721 protocol are viable alternatives to the high gas fees and slow transition speed on Ethereum. Lindsay,…
The NFT market has attracted a lot of attention recently. While NFTs have been around for several years, they became a major trend in the cryptocurrency space only a few months ago. This new interest for the innovative NFT technology has created many winners, with the Gemini-backed Nifty Gateway arguably being the biggest. The platform, which was bought by Gemini in November of 2019, is the biggest player in the NFT market and could be valued as high as $1.2 million, according to an estimate from Messari.