blockchain / 38 posts found
OnChainMonkey Migrates Genesis Collection to Bitcoin, Spends Over $1M
Metagood, the company behind the popular NFT collection OnChainMonkey (OCM), is breaking new ground in the crypto world by migrating its 10,000-strong NFT collection, OCM Genesis, from Ethereum to Bitcoin’s blockchain. The decision to shift the OCM Genesis collection to Bitcoin was not taken lightly, given it also carried a hefty price tag of $1 million, according to a press release shared with nft now. Launched in September 2021, OCM debuted its Genesis Collection through a free mint, comprising 10,000 monkey PFPs. The project is best known for having uploaded its entire NFT collection to Ethereum in a single transaction. […]
Roofstock OnChain Sells Third Property as an NFT
Roofstock onChain and Origin Story announced their latest celebration as they executed their third blockchain-infused property sale on September 1st through the Roofstock onChain NFT marketplace, powered by Origin Story. The property, located at 332 Montclaire Ln in West Columbia, South Carolina, features three bedrooms and two bathrooms, and it was sold for 204,000 USDC ($204,000 USD). Roofstock onChain, a subsidiary of Roofstock, Inc., offers tokenized single-family rentals. Developed by Origin Story, the Roofstock onChain marketplace enables the trading of real estate as NFTs, to speed up the overall transaction process, while keeping costs relatively low. Unique to this sale […]
Deadfellaz Labs (DFZ) Launches “Culture On-Chain” Series in Seoul
DFZ Labs, the innovative force behind the iconic Deadfellaz brand, introduced its newest content series, “Culture On-Chain” on September 1. This initiative sets out to spotlight the positive stories unfolding within the crypto and web3 space, showcasing creators, artists, and culture-makers who are harnessing blockchain technology for lasting legacies and positive societal change, according to a press release shared with nft now. The inaugural episode of “Culture On-Chain” will be filmed next week in Seoul, South Korea, a city rapidly becoming a new hub for emerging tech innovation. DFZ Labs recognizes Seoul’s government-level commitment to supporting blockchain technology, AI, digital […]
U.S. Court Dismisses Uniswap Lawsuit, Calls ETH & Bitcoin Commodities
The perplexing debate as to whether or not a digital asset is considered to be a “security” or a “commodity” continues to frustrate U.S. regulators and industry participants, as we aren’t getting much closer to understanding what criteria truly distinguish them. But now, things just got interesting with respect to the role developers and smart contracts play in a securities class-action lawsuit. In a “case of first impression,” New York District Judge Katherine P. Failla addressed whether the developers and investors in the Uniswap Protocol crypto exchange platform were subject to various provisions of our current federal securities laws. The […]
EU’s Digital Product Passport Targets Sustainable Fashion
The European Union (EU) is making strides to combat environmental damage caused by various industries, with a particular focus on the fashion sector. Amidst a wave of legislation aimed at rectifying eco-issues, including pollution, deforestation, and microplastics usage, the EU has introduced its Digital Product Passport (DPP) under the new Ecodesign for Sustainable Products Regulation (ESPR). This innovative tool seeks to bring transparency, sustainability, and accountability to the fashion industry while leveraging blockchain technology – without consumers having to learn the intricacies of the technology itself. The DPP, which isn’t expected to launch until at least 2026, will launch alongside […]
Solana Pay Joins Shopify as New Payment Method
Shopify will now be integrating Solana Pay as its newest Web3-native payment solution that will allow merchants to have real-time access to their money while enhancing their digital storefront’s capital, liquidity, and liability protection – with no middleman or intermediary involved. Solana Pay is the brainchild of the San Francisco-based tech company Solana Labs that is built on its decentralized Solana network. Known for its high transaction speeds (no waiting for clearinghouses), near-zero fees, and sustainability, Solana Pay has become an industry-preferred tool for helping companies like Shopify scale their businesses to integrate Web3-native payment solutions to provide a better […]
Microsoft and Aptos Team Up for AI-Web3 Fusion
Microsoft has finally found what it believes to be the perfect partner to begin training its artificial intelligence (AI) models on — Aptos Labs, a layer-1 blockchain firm that is building a ChatGPT-powered chatbot called “Aptos Assistant.” As part of the collaboration, Microsoft’s AI models will be trained using blockchain data that has been verified by Aptos, while Aptos will also utilize Microsoft’s Azure Cloud to run its validator nodes that will hopefully enhance the reliability and security of its services. Aptos Labs, which recently secured $350 million in funding from investors, according to Crunchbase, supports up to 160,000 transactions […]
VC Funding for Crypto Continues to Slide, Has Yet to Bottom Out
Venture capital (VC) investment in the cryptocurrency and blockchain sector is on a downward trajectory, according to a recent report by Galaxy Research. The second quarter of 2023 saw crypto and blockchain firms receiving $2.3 billion from VC firms, a significant drop from the same period last year when more than $8 billion was invested. Looking back further to the COVID-19 pandemic, the crypto industry experienced a monumental surge in venture capital, with a record $13 billion invested in Q1 2022. The current challenging business environment coupled with rising interest rates has led to a reduction in deal flow, according […]
JPMorgan Strategists Suggest Novel Classification for Ethereum
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 industry by storm, a team of JPMorgan strategists led by Nikolaos Panigirtzoglou have proposed that Congress place Ethereum (ETH) under a new “other category” instead of under the rigid labels that […]
5 New Token Standards You Need to Know
The NFT space is changing, but not in the overt ways that those on the blockchain have become accustomed to. Instead of PFPs, open editions, and memecoins leading the charge into a new market phase, innovation is now happening by way of iteration at the token level. While expansion and evolution over time are a given for the many novel technologies being built in Web3, often, advents fly under the radar until they’re ready to truly make an impact. But a slew of new token standards seems poised to change that. Here are the ones you need to know about. […]