Tezos Foundation Launches Fund to Collect NFT Creations by African and Asian Artists

The Tezos Foundation recently said it has committed $1.23 million to a fund that will be used to collect non-fungible tokens (NFTs) created by African and Asian artists. Photographer Misan Harriman has been selected as the curator of the foundation’s permanent art collection. Supporting a New Generation of Artists The Swiss non-profit organization, Tezos Foundation, recently said it has committed about $1.23 million (£1 million) to a fund, which will be used to collect non-fungible tokens (NFTs) of upcoming artists from Africa and Asia. The artists’ works will be curated…

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Cryptocurrency Exchange Kucoin Raises $150 Million in Pre-Series B Funding Round, Reaches $10 Billion Valuation

Kucoin, a Seychelles-based cryptocurrency exchange, has announced it has raised $150 million in a pre-Series B funding round. The negotiation, which was led by Jump Crypto with the participation of other investors including Circle Ventures, IDG Capital, and Matrix Partners, has conferred the exchange a valuation of $10 billion. The exchange will use these funds to keep expanding in the Web3 sector. Kucoin to Expand in the Web3 Arena Crypto exchange Kucoin has announced it has raised $150 million as a part of its pre-Series B funding round.…

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Bored Ape’s Land Sale Broke Ethereum. Extreme Success Or Roaring Failure?

On Saturday, April 30th, Bored Ape’s creators Yuga Labs broke Ethereum. Their new metaverse-inspired project, Otherside sold plots of virtual land to a roaring crowd of people yelling “Shut up and take my money!” In this case, the currency in question was the recently created ApeCoin. However, since Ethereum hosts ApeCoin and the land NFTs, the roaring crowd needed ETH to pay for the operations’ gas fees.  If you’re familiar with Ethereum, you already know what happened. According to IntoTheBlock’s Lucas Outumuro, “The Bored Ape’s Otherside land sale led to…

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Former Nintendo President Believes Gaming Experiences Could Benefit From Blockchain And ‘Play to Earn’ Models

Reggie Fils-Aimé, the former president of Nintendo of America, has offered his take on blockchain and play to earn models when applied to the gaming industry. The executive declared that he was a big believer in blockchain technology, and that players investing their time in games should be able to monetize whatever items they had gained. Former Nintendo President Believes Blockchain Elements Can Be Used in Gaming While the opinion of blockchain and play-to-earn technologies is still negative among traditional gamers, some veterans of the gaming industry seem to be…

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ETH Network Q1 Revenue Grew 46% to $2.4 Billion, Token Inflation Rate Drops to 0.51%

The revenues accrued by the Ethereum network rose by 46% from $1.6 billion to $2.4 billion during the first quarter of 2022. Contributing to the growth in the network’s revenues were non-fungible token (NFT) marketplace sales, which rose by more than 19,000% during the period under review. ETH Inflation Rate Drops to 0.51% Ethereum’s revenues rose by 46% from $1.6 billion to $2.4 billion during the first quarter of 2022, a new report by Bankless has said. According to the report, about 87% or $2.1 billion of this revenue was…

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Blue Chip NFTs 101 – How Did Moonbirds Conquer The World In A Bearish Market?

The extreme success of Moonbirds is the NFT story of the year so far. The collection opened up so strongly that it archived instant blue chip status and a place at the top of the charts. The market for NFTs is bearish at the moment, how did the pixeled owls accomplish such a feat? It certainly wasn’t just the art, even though the Moonbirds have a distinctive look and probably make excellent profile pictures AKA PFPs.  Let’s uncover the story. This one has it all; a nascent but powerful organization,…

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Sky Mavis’ Ronin Network Suffers $600 Million Hack

Ronin, the mighty network powering the Axie Infinity machine has suffered one of the largest hacks in DeFi history. Utilizing a devious manner of sleight of hand, attackers made away with 173,600 ETH ($600 million) and 25.5 million $USDC. All under the noses of the Sky Mavis team and its army of developers. According to reports, the attack took place on March 23, but went unnoticed until March 29 when a subsequent user was unable to withdraw 5,000 ETH from the network. Once alerted, the team soon discovered the huge…

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Cryptovoxels Looks to the Future with Corporate Rebranding

As any great company can stand testament, a solid rebranding can elevate an enterprise and set in motion its plans for the future. It is for this reason then, that Cryptovoxels looks to shake off the chains of its lengthy moniker and rebrand purely as ‘Voxels’. The change was due to take place on the year’s least trustworthy date, April 1st. However, due to a few teething problems involving the emergence of scam sites, the ‘Voxels’ team has pushed this launch back to everyone’s favourite Star Wars Day, May 4th.…

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Bulgari Brings a Touch of the Non-Fungible to High End Watchmaking

Manufacturer of tremendous timepieces, Bulgari, has integrated NFT tech into its latest wristwatch, enabling an additional digital aspect to its latest device, as well as providing proof of ownership. Bulgari’s $440k Octo Finissimo Ultra timepiece represents the pinnacle of mechanical craftsmanship, bringing together the digital and physical domains in one perfectly presented device. Taking centre stage on the largest gear in this elegantly constructed keepsake, owners will find a QR code which upon scanning, will take the bearer to a digital representation of the finely tuned accessory. In addition to…

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Mark Karpeles announces commemorative NFT drop for Mt. Gox users

The former CEO of thnow-defunct crypto exchange Mt. Gox has announced that certain users will be eligible to receive commemorative nonfungible tokens, or NFTs. In a Monday announcement on Twitter, Mark Karpelès said that crypto users who were Mt. Gox customers between 2010 and 2014 — during which time the exchange was hacked and subsequently declared bankruptcy — could register to claim a free NFT. According to the CEO, the offer extends to users who had a balance or have claimed losses from the defunct exchange. “Mt. Gox customers are…

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