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Tag: NFT news

Blue Chip NFTs 101 – What’s The Secret Behind CloneX? Built For The Metaverse
27May By Cryptolifedigital1 Comment
Blockchain

Blue Chip NFTs 101 – What’s The Secret Behind CloneX? Built For The Metaverse

The secret behind CloneX is Takashi Murakami and the RTFKT team, that’s the short answer. The NFT collection is the result of the once-secret collaboration between the legendary Japanese artist and the experts in creating virtual sneakers. Steven Vasilev, Chris Le, and Benoit Pagotto founded RTFKT, which reads “Artifact,” in 2020. The CloneX public sale took place in the last days of November 2021. These people work fast. Read Also: Shiba Inu Returns as One of Most-Bought Tokens as Whale Transactions Spike 68% The goal of the Ethereum-based cloneX collection is quite simple, to serve as avatars in the Metaverse. These NFTs are not merely profiled pictures. Through the upcoming Clone vault, the CloneX holders will have access to the avatar’s 3D files. The idea is that these figures w...
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ERC-721 Transfers Surpassed ERC-20 First Time Since 2019: Here’s What It Is
25May By Cryptolifedigital1 Comment
Blockchain

ERC-721 Transfers Surpassed ERC-20 First Time Since 2019: Here’s What It Is

The number of ERC-721 transfers on the Ethereum network has beaten the same metric for another standard, ERC-20. While some users may think ERC-721 is a unique type of token, it is simply the NFT token standard used in every collection out there. Read Also: Terra 2 Testnet Goes Live, Mainnet Launch With Airdrop To Follow The ERC-721 is a standard for non-fungible tokens, which are unique assets with different values than other tokens issued from one smart contract because of their rarity or visuals. Each token brought out with the  ERC-721 standard has a unique variable, called a token, which would be globally unique. The tokenId is then used by decentralized apps for giving an output of an image of a certain item. Despite the huge drop in the fame of NFT...
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Avalanche to Host Novel NFT Marketplace Artcrypted: Here’s Why It Is Special
21May By Cryptolifedigital1 Comment
Cryptocurrency

Avalanche to Host Novel NFT Marketplace Artcrypted: Here’s Why It Is Special

Avalanche (AVAX) ecosystem of decentralized applications (dApps) gains steam: eccentric digital collectibles platform Artcrypted chose it as its technical basis. Artcrypted introduces 1:1 NFT to Avalanche (AVAX) As stated by the official announcement shared by Artrcrypted NFT marketplace, it is going to start operations on Avalanche (AVAX) blockchain as soon as June 2022. Read Also: Half-Billion SHIB Minted by Shiba Community: Report https://twitter.com/artcrypted/status/1527664825756700675 Once released, the Artrcrypted platform will be focused on releasing  "unique" art concepts, that were not unveiled previously in either physical or digital form. The Artcrypted team decided to collaborate with Avalanche due to its technically advanced and resour...
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Cardano Treasury of $723 Million in ADA Is Decentralized and Is Only Going to Grow: Charles Hoskinson
10May By Cryptolifedigital1 Comment
Cryptocurrency

Cardano Treasury of $723 Million in ADA Is Decentralized and Is Only Going to Grow: Charles Hoskinson

Responding to a tweet by dc park co-founder, the creator of IOHK, and Cardano reminded the ADA community about the Cardano Treasury that supports developers creating on Cardano. The treasury is decentralized and it is going to grow from the present $723 million in ADA, Charles Hoskinson stated. Read Also: What is Terra (LUNA)? Get To Your Skull Everything About Terra. Sebastien Guillemot, dcSpart co-founder, tweeted that the company has been managing to focus on building its projects based on Cardano thanks to the aforementioned Treasury that currently contains three-quarters of a billion USD in ADA. It is not only dcspark but other developers too who can work without being halted thanks to funding from Cardano. https://twitter.com/SebastienGllmt/status/1523861711580983296...
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Scam Alert: NFT Major OpenSea gets Its Main Discord Hacked
6May By Cryptolifedigital2 Comments
Blockchain

Scam Alert: NFT Major OpenSea gets Its Main Discord Hacked

Cryptocurrency journalist and insider Colin Wu has shared a screenshot from the main Discord channel of OpenSea, the world's largest marketplace for non-fungible tokens. It looks like scammers have gained control over it. No, YouTube did not score a partnership with OpenSea Mr. Wu has taken to Twitter to share that scammers hacked the main OpenSea Discord server and started publishing fake collaboration announcements. Read Also: Shiba Inu Set to Unveil Third Stage of Metaverse Land Sale Event https://twitter.com/WuBlockchain/status/1522497541312753664 Scammers announced that OpenSea has allegedly partnered with YouTube video hosting and is ready to mint an exclusive NFT drop to celebrate this collaboration. Only the 100 first participants will be ab...
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Kraken Starts Waitlist for Their Upcoming Gas-Free NFT Platform
4May By Cryptolifedigital2 Comments
Blockchain

Kraken Starts Waitlist for Their Upcoming Gas-Free NFT Platform

NFTs’ popularity has soared in recent years, with the market expected to hit a $40 billion valuation in 2021 and continue to grow in 2022. Kraken, a US-based cryptocurrency exchange, is now in the process of building a non-fungible token (NFT) marketplace and is not calling users to join a waitlist for its new NFT platform. Read Also: Shiba Inu Discloses Dates for SHIB Burn Portal Reward Cycle Kraken to Launch NFT Platform On Monday, Kraken announced the launch of a waitlist for its NFT Platform, which they described as a “complete solution for exploring, curating and securing your NFT collection.” The goal is to integrate the trading and storage of NFTs seamlessly. Users’ Kraken accounts will be linked to the platform, allowing them to buy and sell NFTs with either ...
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Bored Ape NFT Firm Gets Almost $285 Million in Crypto Payments After Virtual Land Sale: Details
2May By Cryptolifedigital1 Comment
Blockchain

Bored Ape NFT Firm Gets Almost $285 Million in Crypto Payments After Virtual Land Sale: Details

Yuga Labs, the company behind the "Bored Ape" series of NFTs, has raised approximately $285 million worth in cryptocurrencies through the sale of tokens that represent land in a virtual world game it claims to be developing. Read Also: ApeCoin (APE) Can Now Be Traded with Leverage on Bitfinex Yuga Labs sold "Otherdeeds" NFTs in an online sale on April 30 that it said could be swapped for plots of virtual land in a future Bored Ape-themed Metaverse dubbed "Otherside." The "Otherdeeds" could only be purchased using ApeCoin, the project's related cryptocurrency that was recently launched in March. Other deeds were available for purchase for 305 ApeCoin each, and Yuga labs disclosed in a tweet that they had already been sold out. https://twitter.com/chaoyu69101650/statu...
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XDCNFT Marketplace Launched by XinFin XDC Network
2May By CryptolifedigitalNo Comments
Blockchain

XDCNFT Marketplace Launched by XinFin XDC Network

Ethereum (ETH) fork XinFin XDC Network, together with its partners BlocksWorkz, is ready to unveil a novel digital collectibles marketplace XDCNFT. XinFin XDC Network launches its inaugural NFT product According to the official announcement shared by the team of high-performance blockchain platform XinFin XDC Network, its digital collectibles marketplace XDCNFT is up and running. Read Also: Here's Who Is Behind Majority of NFT Hacks and How Much They Hold https://twitter.com/BestInvest_XDC/status/1519341742159446025 BlocksWorkz tech firm, a heavy-hitting team of blockchain veterans, is a technical partner of XinFin’s NFT journey. XDCNFT marketplace works on the XRC-20 token standard, which is the brainchild of XinFin XDC Network’s engineers. On this blockchain, it...
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Here’s Who Is Behind Majority of NFT Hacks and How Much They Hold
26Apr By Cryptolifedigital3 Comments
Blockchain

Here’s Who Is Behind Majority of NFT Hacks and How Much They Hold

April will go down in the history of the cryptocurrency market as the month with the highest number of hacks in both the DeFi and NFT industry, as U.Today has covered various hacks, exploits, and scams over the last 30 days. The hacker group Zachxbt is behind the most recent hacks in the industry. Read Also: Here's Why Dogecoin Becomes One of the Top Purchased Coins for BSC Whales. According to the on-chain sleuth, the hacker group behind most NFT Discord hacks in the past few months is currently holding around $4 million in Ethereum in its main wallets. While the amount does not seem significant considering the number of reports in the industry, we should keep in mind that it does not include funds moved through coin mixing solutions, which is most cer...
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Is NFT Industry Dying? ApeCoin Rallies by 30% with No Reasons Again
20Apr By CryptolifedigitalNo Comments
Blockchain

Is NFT Industry Dying? ApeCoin Rallies by 30% with No Reasons Again

As more funds leave the cryptocurrency market, the NFT sphere is also losing a large portion of investments that were previously pouring into the market and helping random NFT collections to sell out completely. But while smaller collections are slowly dying, ApeCoin, a representative of the BAYC collection, is rallying once again with no fundamental reasons to do so. Read Also: Ethereum co-founder speaks out against attempting hostile takeover Twitter According to the chart provided by TradingView, APE almost reached the all-time high during yesterday's jump to $16.7. Unfortunately, during the day, it retraced to $16.1, failing to reach the new all-time high or test the previous one. Today's APE opening remains above yesterday's closing price, showing that traders...
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