Nonfungible tokens (NFTs) and high-yielding decentralized finance (DeFi) platforms have been the focus of attention in the cryptocurrency sector for the past few months. This intense focus on NFTs, DeFi and Bitcoin's (BTC) price action means that some investors have glossed over the fact that it was a series of positive developments in stablecoins that helped kick off the 2021 bull market. One project that has quietly amassed significant gains this year is Reserve Rights, a dual-token stablecoin platform where all the tokens are backed by a basket of smart contract-managed cryptocurrencies. Data from Cointelegraph Markets and TradingView shows that …

Nonfungible tokens (NFTs) and decentralized finance (DeFi) are two of the hottest concepts in the crypto sector, and each is altering the way projects and companies interact with the public on a wide scale. One project that is looking to apply these concepts into a framework for sports fan engagement is Chiliz, a blockchain platform created by the Socios fan engagement platform. The project is designed to allow fans to purchase branded Fan Tokens that let them influence their teams through the popular vote. According to the project website, all Fan Tokens are minted on the Chiliz blockchain with on-platform …

Video games and online gaming have become some of the largest industries on the planet over the past 30 years as digital technology and the internet have interconnected people from around the world and transformed us into a global society. Decentralization and blockchain technology are gathering steam as a transformative new way to operate and build an ecosystem, and Ultra is one gaming-focused project that has been gaining momentum in recent months. Ultra, a blockchain-based PC game distribution platform, is created for gamers and game developers and allows users to develop multiple revenue streams, including the ability to resell games …

Ether (ETH) remains the second-largest cryptocurrency and it absolutely dominates the smart contract industry according to an array of network usage metrics. Even though the network has been overwhelmed by peak activity which is causing median fees to surpass $10, the network effect of its large user and developer base seems to be enough to sustain its position as the second ranked cryptocurrency by market capitalization. Nevertheless, some key on-chain metrics are beginning to show a potential change in Etheruem’s supremacy, which raises the age old question of whether an "Ethereum killer" will be able to dethrone the top network? …

As big-name payment processors like Visa and Mastercard increasingly integrate blockchain technology into their payment rails, decentralized platforms offering the best solutions to issues like scalability and fast transaction times are gaining traction. COTI is one such platform that has been gaining momentum in recent weeks after a series of network upgrades and big announcements brought extra attention to the enterprise-grade fintech platform. According to COTI’s website, the protocol focuses on empowering organizations to create their own payment solutions and digitize any form of currency as a way to save time and money. Data from Cointelegraph Markets and TradingView shows …

As blockchain technology increasingly becomes part of the mainstream conversation, its integration with today's most used technologies is bound to increase. This means that it's only a matter of time before video streaming, digital music and social media see gradual blockchain integrations take place. Audius (AUDIO) is one project that is chasing the first-mover advantage in the music streaming sector. The music-sharing and streaming protocol facilitates transactions between creators and listeners, making it relatively effortless for users to distribute and monetize audio content. The project has received increasing attention for its approach to decentralizing the music industry and on March …

The popularity and sale of NFTs have exploded over the past few months as many artists and collectors have been consistently selling entire NFT collections for millions of dollars. One platform that has emerged as a fan favorite is Axie Infinity (AXS), a blockchain-based trading and battling game inspired by games like Pokémon and Tamagotchi. In the game, players collect, breed, raise, battle and trade token-based creatures known as Axies. In the past two months, the market cap for AXS has increased 600% from $19.25 million to its current value of $115 million as users rush to the platform for …

Strong hands view a correction in an uptrend as a buying opportunity and data from CryptoQuant shows that Bitcoin (BTC) whales have been buying near $48,000. This activity can be seen in the large Coinbase outflows, most of which went to custody wallets and this suggests that the institutional investors believe the Bitcoin rally has room to run. Even Kraken CEO Jesse Powell is ultra bullish on Bitcoin. In a recent interview with Bloomberg TV, Powell said that Bitcoin could reach $1 million over the next ten years if the digital asset overtakes gold as a store of value. While …

Data collection, aggregation and analysis have become some of the largest profit generators for companies like Facebook and Google who have designed an array of algorithms purposed with harnessing user data in order to better optimize the user interfaces of their applications and their online marketplaces. While collecting the data is the ultimate objective, the events of the past few years have also shown that securing it and ensuring that the privacy of customers and users is protected is imperative. Combining data collection with the ability to securely store it on a distributed ledger seems like a natural fit, and …

One of the biggest debates taking place on a global scale relates to energy production and the integration of renewable energy sources into an electrical grid dominated by carbon-based fuels and nuclear power. Energy Web Token (EWT) is one project that is growing in popularity as it aims to integrate blockchain technology into the energy sector. The project also plans to help with application development and it is creating a decentralized energy exchange. Data from Cointelegraph Markets and TradingView shows that the price of EWT increased 65% from a low of $11.38 on Feb. 28 to a new all-time high …

The CBOE has filed an application with the United States Securities and Exchange Commission to list the Bitcoin (BTC) exchange-traded fund proposed by asset manager Van Eck. If the Bitcoin ETF receives a green signal from the regulators, it could boost market sentiment and attract several new investors to the crypto space. A strong bull run usually results in pockets of excesses. During the 2017 crypto bull run, the initial coin offerings had witnessed a bubble. Litecoin (LTC) creator Charlie Lee believes that the current nonfungible token mania has many similarities with the ICO boom. Lee is not alone, several …

As Bitcoin (BTC) and Ether (ETH) gain legitimacy in top financial circles that will eventually help digital currencies go mainstream, projects that offer enterprise-level blockchain solutions are also gaining attention from the corporate sector and investing class. Sold as one of the next technological breakthroughs that will revolutionize the current digital landscape and usher in a new era of decentralization, businesses and corporations have already shown immense interest in how blockchain technology can be integrated into their operations to help save money and increase efficiency. One project that has a focus on enterprise-level blockchain solutions is Unibright, which has seen …