DeFi / 32 posts found
Fractional Rebrands to Tessera while Raising $20M in Funding
The crypto community once again is quaked by the big news. Recently, the NFT-based platform initially dubbed Fractional was rebranded to Tessera, having raised $20 million from the most reputable ventures. Making its competitors bite the dust, the company moves forward in re-affirming its foothold in the realm. The driving force of the endeavor was Paradigm, which led the funding round with the participation of Focus Labs, Uniswap Labs Ventures, E Girl Capital, and Yunt Capital. Additionally, about 50 Angel Investors have contributed to the round by raising Tessera to the non-fungible Olympus with $20 of funding. Notably, most of […]
Vitalik Buterin Brings the Idea of Stealth Addresses for NFTs to Masses
Anonymity is one of the key factors of blockchain technology, which pushes more users to choose in favor of DeFi. On Monday, August 8th, Vitalik Buterin came up with a new idea to contribute to the privacy of NFT transactions. Ethereum co-founder revealed a concept of stealth address implementation for ERC-721 NFTs. This was preceded by Buterin’s remark regarding Merkle trees and Zero-Knowledge Succinct Non-Interactive Arguments of Knowledge, or zk-SNARKs, being a more complicated method for stealth addresses for ERC-721 tokens compared to his brand-new solution. The news about Vitalik’s concept arrived via his official Twitter post with a link […]
WarQube, ShootGun, and Lift & Shoot Top-Tier Gaming Projects are About to Adopt NFT Skins
Against the overwhelming NFT craze, regardless of the current bear trend, major web2 gaming brands are gradually transferring their powers to web3. The GamiFi industry is skyrocketing, and the most recent triple collaboration between WarQube, ShootGun, and Lift & Shoot is the best proof of that. Blockchain technology brings gaming to a totally new level, allowing seamless in-game trading of weapons, wearables, mods, and skins. Thus, play-to-earn game WarQube collaborates with P2E mobile devs iDos Games, and the Big Forge Games GamiFi platform to adopt NFT skins, celebrating a new era of usability. The new endeavor concerns the“Play and Own” […]
Gucci Goes Ape: The Luxury Brand Accepts ApeCoin in the Selected US Boutiques
On Tuesday, August 2nd, the luxury fashion retailer Gucci announced it would accept the Bored Ape Yacht Club-affiliated ApeCoin in the selected US-based stores. The new initiative aims to offer Ape holders a totally beneficial opportunity to claim their status IRL, by offering exclusive BAYC-inspired garments for sale. To bring the idea to life, Gucci has joint efforts with the provider of crypto payments BitPay. By taking over $APE, Gucci becomes the pioneering luxury brand to accept this cryptocurrency as payment, alongside Bitcoin, Ethereum, and others. It’s worth noting that 70% of US-based Gucci’s boutiques are accepting over 10 cryptocurrencies […]
Magic Eden Goes Multi-Chain with the Ethereum NFT Expansion
The initially Solana-centered NFT platform Magic Eden is getting over Ethereum NFTs. Launched back in September 2021, with over $2 billion trade volume so far, Magic Eden is entering a new era, risking to overperform the industry leaders. Ethereum expansion will allow cross-chain adoption, which puts the marketplace in one row with multi-currency platforms like OpenSea, Binance NFT, and others. Among the features coming with the multi-chain update, there are: Magic Eden List (a whitelist and audience targeting tool) Magic Eden Launchpad (now with ETH/SOL compatibility) Magic Eden Drop Calendar All the above-stated features will be provided during August, bringing […]
Magic Eden and Genopets Release the First-Ever SFT Platform with Like-for-Like Trading Mechanics
The leading Solana-powered NFT platform Magic Eden is rolling out a new concept of a semi-fungible token (SFT) marketplace in collaboration with Genopets, the move-to-earn NFT game. A semi-fungible token allows Genopets gamers to trade like-for-like in-game assets in batches, while NFT offers trading one-of-one items, which leads to multiple unnecessary transactions (and fees) in an attempt to trade several in-game pieces at once. The partnership will become beneficial for the Genopets crafting economy, allowing users to process Crystals and Terraform Seeds via the Magic Eden marketplace in the form of SFTs. “Crystals are base layer materials used for crafting […]
Tesla Sold 75% of Its Bitcoin for Less than a Billion
It was just in February 2021 when Elon Musk’s Tesla made waves in the crypto community by announcing a hefty, ~$2-billion Bitcoin investment. At those times, the most valuable cryptocurrency soared to a whopping $70K. Currently, the electric car manufacturer once again shook the crypto society by making a statement it had offloaded 75% of its Bitcoin holdings. The news arrived as part of Tesla’s Q2 earnings report, stating the company got rid of most of its Bitcoin, which had lost over 50% of evaluation since last year and was traded at about $24K at the moment of sale. Tesla […]
The Amazon.eth Domain $1 Million Offer Went Unanswered
The ENS domain names phenomenon keeps gaining momentum while more companies, brands, and individuals are jumping into the crypto bandwagon. So, while great demand pushes the .eth domains to skyrocket in pricing, the recent news unveils the total record-breaker, or, just an attempt to become the one. Thus, on July 19th, Amazon.eth ENS domain received an offer for 1 million in USDC from an anonymous wallet address on OpenSea. However, despite the tempting offer, it went unanswered and no transaction was made. It’s worth noting that the latest Amazon.eth sale was accomplished for 33 ETH, or about $100K at that […]
Rarible Is About to Add Solana to Its Multi-Chain NFT Family
The Solana blockchain-based NFTs are gaining momentum, pushing major NFT marketplaces to their adoption. Currently, following in the footsteps of the recent Solana NFT integration into the OpenSea ecosystem, the leading marketplace’s rival Rarible will now support Solana tokens as well. The long-awaited SOL NFT integration will allow users to buy and sell Solana tokens without any gas fee for a month. After a 30-day promotion period finishes, everyone will have to pay only 1% on every transaction made. Thus, Solana enters the ever-growing list of blockchains adopted by Rarible, including Ethereum, Flow, Tezos, Polygon’s MATIC, Immutable X, and Rarible’s […]