And that’s before NFTs even enter the picture. Creating an NFT, as with any transaction on Ethereum, is both cost-intensive and bad for the environment. Let’s not forget that, whatever Vitalik Buterin’s utopian plans might have been, his brainchild still runs on a proof-of-work protocol, so minting 10...
The convergence of the digital and physical worlds is taking shape, with non-fungible tokens (NFTs) allowing brands to expand their reach into “digitally-enabled experiential tie-ins,” Jefferies said in an analyst note.The bank raised its NFT market-cap forecast to more than $35 billion for 2022 and to over $80...
Italian luxury fashion house Prada and sportswear giant Adidas, which recently ventured into the metaverse, have joined forces to launch a new non-fungible token (NFT) project built on the Polygon network. The project will allow fans to contribute their own designs.Prada and Adidas Originals said they will auction...
The U.S. Securities and Exchange Commission (SEC) has rejected the proposal to list a spot bitcoin exchange-traded fund (ETF) by investment advisory firm First Trust and hedge fund Skybridge Capital.The SEC's decision comes around four weeks after it rejected investment firm Kryptoin's proposal to list a spot bitcoin...
SOMA Finance, a decentralized exchange for trading digital assets and compliant digital securities, has completed a $6.5 million seed round led by blockchain gaming and open metaverse company Animoca Brands.SOMA aims to be a fully compliant decentralized exchange (DEX) and product suite for institutions and retail investors.Proposed services...
As NFTs continue their march into the mainstream, it’s important to know how these supposedly permanent digital assets stay that way – or not. IPFS (or the InterPlanetary File System) is a protocol that many NFTs (or non-fungible tokens) point to as their underlying asset. It’s part of...
At the end of last year, Bakkt announced that it was working with Google Cloud. Customers with a Bakkt Visa Debit Card, or Bakkt Card, can pay with bitcoin (BTC), among other things, where Google Pay is supported. However, this does not concern direct crypto payments. The...
Chingari, an Indian short video creation app analogical to TikTok, announced that its native token $GARI had passed $100 million in trading volume on the very first day of its launch, Coin Journal learned from a press release.  The milestone was crossed soon after the launch on six...
Aleph.im, a cross-blockchain decentralized storage and computing network, has closed a $10 million funding round led by Stratos Technologies, according to a press release shared with CoinDesk. The funds will go toward team expansion, particularly engineers, and the continued rollout of the network’s infrastructure.Aleph.im is a distributed cloud...
“Video is our sweet spot in general, but we're looking at partnership a bit differently,” Caty Tedman, head of partnerships at Dapper Labs, told CoinDesk in an interview. “The UFC calendar is so different from the NBA calendar. So we're going to structure much more around their...