Ethereum Domain Name Service ENS: Generated $1.5 Million in Protocol Revenue in June, All of Which Have Flowed Into ENS DAO
The Ethereum domain name service ENS tweeted that it generated $1.5 million in agreement revenue in June, all of which had flowed into ENS DAO. In June, 36,000 new .eth domain names were registered, and there are currently a total of 2.72 million domain names.
Bitcoin Miners Achieve Milestone: Q2 2023 Transaction Fees Surpass $100 Million Mark, Soaring Over 270% from Q1
Bitcoin miners have achieved a significant milestone, earning over $100 million in transaction fees alone during the second quarter of 2023, according to a report by Coin Metrics. This marks a 270% increase from the first quarter and exceeds the total fees earned in the previous five consecutive quarters combined.
Twitter Secures Money Transmitter Licenses in Three States As It Works on Introducing Payment Tools
Twitter has obtained money transmitter licenses in Michigan, Missouri, and New Hampshire, a crucial step towards introducing payment tools onto the platform. The plan was initially presented by Elon Musk in a pitch deck to investors in May, with payments potentially generating $1.3 billion by 2028.
Introducing the Years-to-Profitability Ratio: A New Metric for Evaluating Layer-1 Blockchains
When analyzing layer-1 (L1) blockchains, investors often focus on traditional metrics like price-to-earnings or price-to-sales ratios, but these metrics don't account for the programmable nature of a blockchain's token supply. The years-to-profitability (YTP) ratio is a new metric that takes into account a blockchain's emissions schedule and can be used to analyze its profitability.
Long-Term Azuki NFT Holders Sell Off Assets After Elementals Drop
June 29 (Cointime) - Long-term holders of Azuki NFTs have been selling their digital assets in large numbers following the launch of the new Elemental collection. This resulted in an 817% increase in long-term holders selling their Azukis, according to crypto data provider Nansen.
Vienna-Based Car-Sharing Service Tokenizes 100 Teslas With Blockchain-Based Self-Sovereign IDs
June 27 (Cointime) - Vienna-based car-sharing company ELOOP has integrated blockchain-based self-sovereign IDs into 100 of its Tesla fleet via the peaq network. This allows users to own a fraction of the fleet and receive revenue from the cars' daily rideshare operations.
Jiangning District in China's Nanjing City Unveils Three-Year Metaverse Development Plan
Jiangning district in Nanjing City, China has unveiled its three-year metaverse development plan, which aims to attract 200 metaverse companies to the district and train 10,000 professionals in the industry.
Binance's Assets Show Modest Decline Amid Market Turbulence and CEO Addresses FUD
Despite the recent lawsuit filed by the SEC against Binance and Coinbase causing shockwaves in the crypto community, data from on-chain analytics indicates that Binance's assets have not experienced a significant decline, with the overall value of assets held on the platform decreasing by approximately 13% in the past week primarily due to the drop in cryptocurrency prices.
How NFTs Are Transforming Royalties And Fan Engagement In The Music Industry
The use of non-fungible tokens (NFTs) is changing the way music is produced, distributed, and consumed. NFTs give artists more control over their work and allow them to earn a higher portion of revenue by selling their music directly to listeners. NFTs also provide opportunities for fan engagement, such as offering rare content to those who purchase NFTs. While there have been only a few high-profile NFT music sales, the potential for NFTs to revolutionize the music industry and create a more fair and sustainable business model for all parties involved is significant.
Jiang Youbo's "Gentle Panther" NFT Projects: Sales, Controversies, and Discord Closure
As Studio, a subsidiary of Orange Fruit Design, launched the "Gentle Panther" project in March 2020, featuring a panther head as its main theme. The project emphasized the scarcity and artistic beauty of every piece, which was personally designed rather than generated by algorithms. Jiang Youbo's first NFT project sold 316 NFTs at a price of 1 ETH each, earning about $950,000 in revenue at the then-ETH price of around $3,000.
