Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
NFT
Tron Version Of ‘Bored Ape’ Bought for $15 Million By Tron Founder
An ape NFT from "Bored Ape Yacht Club Tron," a Tron network "homage" to the original Bored Apes, sold for $15 million dollars. The person who bought it was none other than Tron network founder Justin Sun. Sun, a Chinese-American tech entrepreneur is also the CEO of BitTorrent, a popular torrenting app and a Chinese messaging app Peiwo. He claimed that his Joker-themed NFT, number 6666 in the Bored Ape Yacht Club Tron (BYAC Tron), is the most expensive Twitter…
4 years ago
Original Artwork from Iconic Contemporary Artist Keith Haring Goes on Sale as an NFT
An NFT of iconic contemporary artist Keith Haring will be up for sale between December 1st and 10th, 2021. The NFT sale will debut on Haru Invest, a leading digital asset management firm. Most importantly, it is a digital representation of one of the artist's most celebrated works. The unique digital NFT honours the influential presence of Keith Haring's original artwork "Untitled" (1980). Also, it offers a unique investment opportunity to investors in the crypto sphere. [caption id="attachment_48699" align="aligncenter" width="400"]…
4 years ago
Gary Vaynerchuck: Everyone Will Own Things Digitally in 15 Years
While some scoff at the idea of NFTs having intrinsic value, one content creator sees untapped potential in the space. Gary Vaynerchuck (a.k.a. “Gary Vee”) – VaynerMedia CEO and YouTube sensation – recently argued that Non-Fungible-Tokens would be a norm within two decades. NFTs and ‘Social Communication’ The entrepreneur explained his support for NFTs in an interview with Yahoo Finance’s Daniel Roberts earlier today. Roberts asked why it was so difficult to communicate the concept of NFTs to average people…
4 years ago
Solana Pivots To Mobile Amid NFT-Fueled Growth
Solana's ecosystem is getting a significant upgrade - for mobile. The Ethereum-like ecosystem that powers smart contracts will get a much-needed upgrade. Thanks to two significant players expanding into the space, the system will be easier to interact with on mobile. Recently, Phantom, a browser-based wallet, announced releasing an app for Android and Apple users. Developers said that that they will release a private beta of the app "around the holidays." They are planning to release the full launch in…
4 years ago
Visa Launches Educational Program to Support the NFT Creator Economy
Payment giant Visa has taken many steps towards building out cryptocurrency payment infrastructure. Today, they furthered their endeavors in the crypto industry by launching a program to support NFT artists. Visa Partners With Micah Johnson Visa announced their new project in a blog post on Tuesday, showing enthusiasm for how the NFT industry is lifting artists. They give the example of Micah Johnson, and a former MLB player turned NFT artist. Micah quit his MLB career in 2018 and was…
4 years ago
Bored Ape Yacht Club Just Signed With Madonna’s Talent Manager
The “Bored” Ape Yacht Club has much to be excited about going forward. The collection’s creators– Yuga Labs– recently signed on with Guy Oseary, founder of celebrity music management group “Maverick”. Maverick has represented significant artists and groups, including Madonna, Britney Spears, and The Weeknd. Celebrity Ape Yacht Club? Variety magazine announced the NFT developer’s partnership on Monday. Oseary and Yuga Labs have some “exciting initiatives” in the works for the NFT community. They will reveal specifics on these initiatives…
4 years ago
Solana NFT Project Accused of a Rug Pull After Lil Uzi Deletes Tweets
Lil Uzi-backed NFT project by Solana titled ''Eternal Beings'' faces several accusations of a rug pull. He deleted every tweet mentioning the project. The event marks another crypto project backed by a celebrity to run into trouble. Eternal Beings Accused of Pulling the Rug Solana launched Eternal Beings on Tuesday. The project is a collection of 11,111 generative alien avatars with a similar fashion sense to the rapper. Lil Uzi Vert, who previously promoted the project on Twitter, deleted all…
4 years ago
The NFT Documentary Film of Hip-Hop Legend Tupac Set to Drop on Kalamint
Kalamint, a Tezos based marketplace, hopes to host a documentary series on Tupac Shakur. The series will drop before the end of 2021. Thus, fans of the legendary rapper can have a glimpse of Shakur’s life back in the day. Shakur’s Early Life on Blockchain Non-fungible tokens are becoming a good tool for artists and content creators. It gives creatives the chance to establish their work on a blockchain with full ownership rights. Tupac’s documentary projects to drop soon with the same NFT…
4 years ago
Jay-Z Battles with Dash in a Lawsuit Involving His Album’s NFT
Jay-Z and Damon Dash, co-founders of Roc-A-Fella Records, are in a legal fight involving non-fungible tokens (NFTs). It is not the first of such cases in the U.S. There have been more than half a dozen suits citing ownership and regulation of NFTs since the start of 2020. The asset has grown over the past year. OpenSea, the biggest NFT marketplace, soared from $8 million to $1 billion in just six months. The Lawsuit Filed Against Dash In June, Roc-A-Fella…
4 years ago