Crypto Evening Briefing: Do Kwon Extradition Sought by U.S., South Korea, Montenegro Justice Minister Says
The extradition of TerraForm Labs founder Do Kwon from Montenegro has been requested by both the U.S. and South Korea, Justice Minister Marko Kovac said at a Wednesday press conference.
Polygon To Help Fight NFT Scams With Web3 Infra Protocol Partnership
Wakweli, a web3 infrastructure protocol that issues certificates of authenticity for non-fungible tokens (NFT), has partnered with blockchain platform Polygon to make NFT authentication possible. Under the partnership, all digital assets on Polygon will be compatible with Wakweli's certification system, and NFT project holders on the Polygon chain will be able to request authenticity certificates for each of their assets. Staking the utility token of Wakweli, WAKU, is necessary to create a certificate request, with the amount to stake dependent on the level of trust needed for each case. Wakweli's testnet will be available in April and can be used with Polygon's Mumbai testnet. Alpha testing with Polygon's mainnet will begin in Q2 2023, and general mainnet compatibility is expected to be ready by Q3 2023. The partnership aims to enhance the security of the digital ecosystem by providing a medium for detecting counterfeit NFTs.
NFT Certification Protocol Wakweli Seals Polygon Collaboration
The deal means that all digital assets on Polygon will be compatible with the certification system that Wakweli has developed. Every NFT project holder on the chain will also be able to request authenticity certificates for each of their assets.
NFT Collection Y00ts Makes Anticipated Move From Solana to Polygon
Popular non-fungible token (NFT) project y00ts has started the migration process from its native Solana blockchain to the Polygon network in a move meant to speed up transaction times and reduce network fees.
Crypto Morning Briefing: Justin Sun’s US Fraud Charges Could Hamper Huobi’s License Application in Hong Kong
CFTC Sues Binance and CEO for Violating Trading Rules, Bitcoin and Ethereum Prices Dip; Binance Continues Global Expansion With New ‘Web3 Outpost’ in Georgia; Dogecoin To Get Upgrade Release Packed With New Features and Enhancements
Shiba Inu Lead Launches Fund to Empower Female Creators on Shibarium
The lead of the Shiba Inu project has launched a fund to empower female creators on the Shibarium platform. Shibarium is a blockchain-based platform that allows creators to mint and trade NFTs, and the new fund is designed to support female creators who are underrepresented in the NFT space.
y00ts Forms a Link From Solana to Polygon & Eases the User Experience
y00ts, a popular non-fungible token (NFT), has announced a link from Solana to Polygon to provide enhanced liquidity and interoperability for buying and selling NFTs. This move will improve the overall user experience and connectivity with y00ts NFTs. Polygon is a Layer 2 solution that operates on top of Ethereum. This shift to Polygon proves the significance of compatibility in the ever-shifting NFT arena. Users holding y00ts will benefit directly from the linking, with gas fees taken care of for the first 24 hours and no staking charges. The team at y00ts will carry out an airdrop of a sole BTC deGod to one Y00t that links to the Polygon network within the first 24 hours. The NFTs of y00ts are customizable, providing high interactivity in the Web3 arena. The shift to Polygon highlights the importance of linking various blockchain networks and staying in touch with the ever-changing NFT market.
ApeCoin Community Rejects Proposal for Two New NFT Collection Series
The ApeCoin Community has voted on a proposal that suggested the creation of a new NFT series, rejecting the idea. ApeCoin Armory Club and Ape Coin Pet Club were the two NFT collections.
Solana: Assessing the State of NFT Prices and Trading Volume
Solana network has seen a steep decline in its count of monthly NFT trades completed since September 2022. With 349,937 NFT trades completed on Solana this month, there has been a 63% drop from the 944,010 total NFT trades completed in January.
NFT Sales Drop 5.4% to $193M, Ethereum Dominates with $107M in Sales: Weekly Recap
Over the past week, statistics show non-fungible token (NFT) sales totaled $193.08 million, down 5.44% from the previous week. Ethereum dominated NFT sales with more than $107 million or 55% of all sales, while Solana-centric NFT sales recorded $26.3 million or 13% of sales in the same period.
Virtual Worlds Achieve Record-Breaking Performance in Q1 of 2023
According to a recent report from DappRadar, the first quarter of 2023 witnessed an impressive surge in trading volume for digital land, with a staggering 277.12% increase of $311 million.
XLABEL Develops Tarzan NFT Collection on Ethereum Blockchain
Digital fashion studio XLABEL has struck a deal with the estate of Edgar Rice Burroughs, the creator of Tarzan, to develop a multi-year licensing deal on the Ethereum blockchain. The studio will create a 9,999-token NFT collection featuring Tarzan: Lord of the Apes, which will retail for 0.05 ETH ($90) each to an allowlist that will launch on 28 March, with a public sale commencing the following day for 0.06 ETH ($110) each.
Crypto Evening Briefing: Nasdaq Eyes Crypto Custody Launch by End of Second Quarter
Nasdaq Inc. expects its custody services for digital assets to launch by the end of the second quarter as it joins a growing pool of traditional financial firms that could fill the role of crypto middlemen following a spate of bankruptcies in the industry.
NFT Investor Animoca Brands Cuts Target for Metaverse Fund to $800M: Reuters
Non-fungible token (NFT) and gaming investor Animoca Brands has reduced the target for its metaverse fund by 20% to $800 million, Reuters reported on Friday, citing two people familiar with the matter.
Launching Your Own Cryptocurrency Exchange: White-Label Binance Clone
Cryptocurrencies have become a global phenomenon, and their popularity continues to grow as more people invest in them.
Metaverse NFT Trading Volume Hit New All-Time High, DappRadar Says
Non-fungible token (NFT) trading increased across virtual worlds in the first quarter of 2023, according to a DappRadar report published Thursday, totaling $311 million so far this year.
Floor Prices for Donald Trump NFTs Surge on News of Possible Indictment
A set of non-fungible tokens (NFTs) related to former U.S. President Donald Trump have jumped over 30% in ether-denominated value over the past week amid a possible indictment and arrest of the former president.
The Evolution of the Dapp Industry in Response to America’s Banking Turmoil
In conclusion, the collapse of SVB and Signature Bank has had a significant impact on the crypto industry, particularly the dapp ecosystem. The events of the past few weeks have highlighted the need for the industry to become more self-sufficient and less reliant on traditional banking infrastructure.
Bitcoin Ordinals Expands Into Magic Eden
Popular NFT marketplace Magic Eden has launched its own marketplace for Bitcoin [BTC] Ordinals, capitalising on the growing interest in “Bitcoin NFTs.”
Crypto Morning Briefing: U.S. IRS Seeks to Tax NFTs Like Other Collectibles
Magic Eden, Solana's Largest NFT Marketplace, Adds Bitcoin Ordinals Support for On-Chain Media Storage; Sony Files Patent For NFTs To Allow Transfers Between Games and Consoles; Google Releases Bard AI, Its ChatGPT Counterpart; Justin Sun Welcomes Hong Kong’s Extended Support to the VA Industry
