Blur, a NFT marketplace, has seen its trading volumes and total sell-side liquidity skyrocket since conducting an airdrop on Feb. 14, 2023. The reason for the spike could be the start of season 2 airdrops, where 10% of BLUR token’s total supply will be distributed to certain users based on their activity. The team allocated 12% toward an early user airdrop in the first season that ran from the marketplace’s gated launch in March 2022 to February 2023. Blur has made a significant dent in OpenSea’s position as the leading marketplace. Analytics from data scientist Hildobby shows that Blur is …

Bitcoin (BTC) miners have earned nearly $600,000 in two months from a new controversial NFT protocol called Ordinals that has triggered a surge in user activity. What are Bitcoin Ordinals? Ordinals allow users to inscribe data in the form of images and other media types in newly mined blocks on the Bitcoin blockchain that's otherwise largely used for peer-to-peer monetary transactions. Since the launch of Ordinals in mid-December, however, users have inscribed nearly 74,000 NFTs into the Bitcoin blockchain, earning miners a cumulative $574,000 in BTC transaction fees to date, data from Dune Analytics shows. These NFTs include "digital artifacts" …

Cointelegraph has announced a major change to its Historical digital collectibles project. Starting Feb. 13, the price of Cointelegraph articles minted as nonfungible tokens (NFTs) will increase from $20 to $100 and the maximum number of copies will decrease from 10 to three. The Historical collection is an archival project that allows readers to mint unique, one-of-a-kind NFTs of Cointelegraph articles, preserving them as historical records of the blockchain industry. Readers can mint stories they think will become valuable by clicking the “Collect” button in the article. CHECK OUT THE COINTELEGRAPH HISTORICAL COLLECTION The move is aimed at articulating the …

Blue-collar workers are the gears that make the world go round. They turn in a hard day’s work day after day, so there is little question that these professions hold a valuable place in society. Unfortunately, despite their contributions, these hard workers often go unnoticed. Cointelegraph and Web3 metaverse concert platform Animal Concerts have joined together to recognize the efforts of hard workers and overachievers with a nonfungible token (NFT) collection named A Hard Working Man (AHWM). Inspired by “A Hard Working Man” — a song from The Avila Brothers, Billy Ray Cyrus and Snoop Dogg — this NFT collection …

ShibaSwap is a DeFi platform featuring decentralized exchange (DEX) and passive income-generating services like staking, liquidity pools, and yield farming in its ecosystem. Launched in July 2021, ShibaSwap is a fork of SushiSwap, a popular DEX tweaked from Uniswap (UNI), the world's leading DEX by volume. But unlike its rivals, ShibaSwap's core purpose has been mostly about boosting the utility of Shiba Inu tokens. What are Shiba Inu tokens? ShibaSwap uses three main tokens, namel Shiba Inu (SHIB), Doge Killer (LEASH), and Bone (BONE). Let's discuss them in detail as follows. Shiba Inu (SHIB) Shiba Inu (SHIB) is a Dogecoin-inspired …

Cointelegraph looks back on the best and worst-performing cryptocurrencies of 2022 among the top 100 assets by market capitalization. We used the highest and the lowest year-to-date (YTD) returns through the close of Dec. 25, 2022. Overall, Cryptoindex.com 100 (CIX100), an index that tracks the 100 best-performing cryptocurrencies, fell nearly 68% YTD, suggesting most top coins underperformed in 2022. Stablecoins are naturalomitted from the list below. Similarly, coins tracking the value of gold and similar mainstream assets have also been ignored. Instead, the coins mentioned below include decentralized currencies, smart contract tokens, exchange tokens, and others. Top five crypto of …

Over the last year, venture capitalists poured more than $4.6 billion into infrastructure and projects related to nonfungible tokens (NFTs). This infrastructure now needs users. They will come when people understand that they can apply these NFTs not just for speculative purposes but to design and structure their everyday activities. For these, they don’t need NFTs — they need to sort their lives out. And, decentralized catalogs are there to help them do it. We can think about an NFT as a book someone owns, and this ownership is recorded on the blockchain. But what we’re actually missing is the …

Turning Cointelegraph articles into digital collectibles to preserve the crypto industry’s most memorable moments is now becoming a reality. The Cointelegraph Historical collection will allow every article ever published by the largest crypto media outlet to become mintable into nonfungible tokens (NFTs). With the help of readers, Cointelegraph seeks to create the first decentralized catalog of news that will cement the evolution of crypto onto the blockchain. The waitlist is now open, but only the first 500 readers will be able to participate in the early access that will commence at the start of November. The feature will be rolled …

The price of Chiliz (CHZ) has surged by approximately 35% week-to-date (WTD) to reach $0.26 per token on Aug. 24. In doing so, the token has outperformed Bitcoin (BTC) and Ether (ETH), which have been wobbling between gains and losses in the same period. Here are the key catalysts that could be behind Chiliz's breakaway rally. CHZ 2.0 On Aug. 22, Chiliz founder Alexandre Dreyfus announced their intentions to stop utilizing the Ethereum blockchain to launch their fungible and nonfungible tokens and replace it with its own native chain, CHZ 2.0. "We don't have to rely forever only on ERC20 …

Many owners of precious Bored Ape Yacht Club (BAYC) and CryptoPunks NFTs, who used them as collateral to take out loans in Ether (ETH), have failed to repay their debts. The situation could lead up to the NFT sector's first massive liquidation event. gm. As a result of the floor dropping to 72, the first BAYC liquidation auction on BendDAO has begun Starting price of 68.4e... Any takers or is this going to be the first bad-debt domino that falls for the platform? pic.twitter.com/7qxsIi661e — Cirrus (@CirrusNFT) August 18, 2022 BAYC "death spiral" incoming? DoubleQ, the founder of web3 launchpad …

A market report published by Verified Market Research (VMR) provides a lofty prediction for the future of the nonfungible token (NFT) market, projecting its value to swell to $231 billion by 2030. The global research and consulting firm valued the global NFT market at $11.3 billion in 2021 as part of 202-page deep dive into the burgeoning space. VMR predicted that the sector will grow at a compound annual growth rate of 33.7% over the next eight years. A key driver of demand for NFTs is their proliferation across multiple industries and walks of life, including music, films and sports. …

Despite a major decline in trading volume across the broader nonfungible token (NFT) market, a single CryptoPunk has sold for a whopping 2,500 Ether (ETH) which equates to a price tag of just over $2.6 million. The $2.6 million transaction makes the sale of CryptoPunk 4464 — one of just 24 ape-themed CryptoPunks — the largest NFT sale of the last 30 days across the entire market. Punk 4464 bought for 2,500 ETH ($2,615,224.91 USD) by 0x561786 from 0x33eaae. https://t.co/xqtkT3BeER #cryptopunks #ethereum pic.twitter.com/iCAAG4LKHg — CryptoPunks Bot (@cryptopunksbot) July 12, 2022 When looking through the lens of Ether-denominated pricing, the sale …