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A recent survey by Metajuice found that 74% of NFT collectors buy for status and uniqueness, while 13% plan to resell. Real Vision CEO Raoul Pal believes NFTs are becoming status symbols like luxury cars and houses. (Read More)
XRP is down today, trading at $0.3771, a more than 1% decrease in its 24-hour price. However, it has enjoyed some positive price movement in [...]
The latest market crash has left Bitcoin in shambles.
The post Research: Bitcoin now has over 1B unique addresses, leaving Ethereum and Litecoin in the dust appeared first on CryptoSlate.
A valuable CryptoPunk NFT is to be fractionalized as more than 56,000 addresses sign up for a share of ownership.
The Fantom Network is blossoming yet again and showing that its DeFi ecosystem is expanding to new heights. Covered: Fantom Unique Addresses Surge SpookySwap DEX Trading Volume As DeFi climbs to new heights, Fantom is establishing itself as one of the biggest names in the game. After a rocky slew of FUD sent the Fantom […]
The post Fantom Adds 16,000 Users As FTM Chart Showing Signs Of Life appeared first on CryptosRus.
Ethereum seems to have been in hibernation since topping out back in November 2021, but the latest on-chain data from Etherscan points to restless network activity. Covered: Ethereum Unique Addresses Approaching 200 Million Average Gas Price Is Rising Ethereum Burn Is Growing Faster Smart contract protocols have been at the tip of the conversation throughout […]
The post Ethereum On-Chain Data Shows That The Network Is Waking Up Again appeared first on CryptosRus.
GameFi is taking over the world of gaming with P2E as a motive. Attarius Network is now a launchpad for developers to build and access a full-fledged marketplace. Many other launchpads are waiting for developers with unique offers. GameFi is currently taking the world by storm. This year alone, we have seen sharp increases in […]
Some say that blockchain gaming will inspire the next wave of cryptocurrency adoption. Play-to-earn games are certainly ever-present in headlines and conversations around the world. Are they close to mainstream adoption? Not in the slightest. The industry is just beginning and there’s a long way to go. The companies producing the games are well funded and make incredible amounts of money. However, they don’t seem to have that many employees. Related Reading | The 100x ROI for Gamezone’s $GZONE Confirms the Viability of Blockchain Gaming Besides being a nascent industry, blockchain gaming production requires a special set of talents that are not commonly found. This presents an immense opportunity for young students and people looking to pivot and make a career change. Since monetization is built in the ecosystem, chances are blockchain gaming is here to stay. And you can be a part of it. Let’s look at the numbers and you’ll see what we mean. How Big Is The Blockchain Gaming Market? In his report titled “Blockchain Gaming Beginnings: From Crypto Craze To Decentralized Fun,” author Joost Van Dreunen offers concrete numbers: How many people are playing? “Total addressable audience for blockchain gaming is still in its infancy. Mobile, PC, and console total 1.49 billion monthly actives.” What devices are they using? “The platform of choice is PC, which includes browser-based (40% of total titles), local clients for Windows (16%) and Mac (6%), and Linux (3%)” What blockchains are they interacting with? “The most popular blockchain is WAX (36%), based on an aggregation of top titles organized by protocol. Ethereum (10%) is much less prominent.” However, “The success of Alien Worlds, which counted 1 million users in August, 2021, almost single-handedly accounts for the success for WAX.” “There is a massive difference in popularity among the top titles: Alien Worlds has 59x more players than the #15, Zoo – Crypto World.” WAX price chart on Bitfinex | Source: WAX/USD on TradingView.com What Else Do We Know About The Blockchain Gaming Market? We found even more data for you, let’s dive into the Unique Active Wallets, courtesy of Naavik’s Blockchain Games report: Believe it or not, “DappRadar notes that games accounted for over half of blockchain wallet activity in the third quarter.” Not only that, “blockchain gaming daily unique active wallets (UAWs) averaged 1.2 million in October 2021 or up 44% compared to September.” Let’s dive deeper into those numbers. “The growth in UAW over the past month has mostly been driven by growth in Axie Infinity and Splinterlands wallet activity, which have increased 24% and 57%, respectively.” This one mirrors the previous report. “The top title by monthly UAWs, Alien Worlds, has 10x the activity as the number ten title, Jelly Squish.” September 2021 saw a decline in blockchain gaming, but the numbers are once again looking impressive. “Trading volumes grew 762% quarter-over-quarter in Q3 2021 to $2.32 billion.” What’s All That Noise About A Talent Shortage? The wildest stat in Van Dreunen’s report is the number of employees the most successful firms in the space function with. Dapper Labs employs 242, Mythical Games 123, The Sandbox 94. Projects that are on the news all the time suffer the same fate, Decentraland has 52 employees and Open Sea 43. Compare that to, “to 9,500 f/t employees at Activision Blizzard, 11,000 at Electronic Arts, 6,495 at Take-Two Interactive, and 960 at Roblox.” While we could interpret that the data reveals we’re dealing with efficient companies, Van Dreunen thinks otherwise. “A year-over-year increase of +102% in headcount across top blockchain game devs indicates that talent is likely to become a major bottleneck in search of the killer app.“ It may be so, but, that was until NewsBTC published this article. Young people reading this will realize the immense opportunity it represents and will take the appropriate measures. Related Reading | Blockchain Gaming Enthusiasts Can Now Swap ATRI Tokens Faster And Cheaper Remember that, besides in-game monetization, these companies raise money for new projects constantly and with ease. That means, “Abundant investment money will force firms to compete on hiring experienced developers, engineers, and producers in the short term.” They’re dying to hire you. Go and get the necessary knowledge, this story is just starting. Featured Image: Matryx on Pixabay | Charts by TradingView
The United Nations, through its UN-Habitat program, is taking advantage of NFTs to create awareness about the global climate crisis through an initiative called DigitalArt4 Climate. (Read More)
Amidst the buzz and persistent interest surrounding Bitcoin-derived Ordinal inscriptions, the co-founder of the Capsule 21 podcast introduced Ethscriptions, an analogous innovation that harnesses the power of the Ethereum blockchain. Ethscriptions, as described on the online platform ethscriptions.com, is a “new way of creating and sharing digital artifacts on Ethereum using transaction calldata.” From Bitcoin [...]
The post Introducing Ethscriptions: Ethereum’s Take on Inscribed Digital Artifacts appeared first on Crypto Breaking News.
On April 18, former U.S. president Donald Trump announced a second series of his digital Trump card collection, following the “great success” of his initial non-fungible token (NFT) trading cards. Despite selling out rapidly, Trump stated on Truth Social that he maintained the initial card prices for the new collection. Trump Unveils Series 2 NFT [...]
The post Former US President Donald Trump Launches Second NFT Card Collection appeared first on Crypto Breaking News.
In the past week, the Bitcoin network has made progress in resolving its congestion issues. On May 7, 2023, the number of unconfirmed transactions reached an all-time high of over 500,000 transfers, causing a major backlog. However, as of today, that number has been reduced to 263,406. Currently, 184 blocks need to be cleared to [...]
The post Bitcoin Makes Progress in Clearing Backlog, but Lightning Network Capacity and Channels Dropped Amid Congestion appeared first on Crypto Breaking News.
The crypto winter inflicted a brutal toll on the digital currency landscape, leaving numerous coins with values utterly obliterated. Within this ravaged financial terrain, one specific category — rebase tokens — suffered a tremendous deflation in worth over the previous 20 months. In a stark illustration of this downturn, the total value of the leading [...]
The post Rebase Tokens: A Stunning Collapse From $8 Billion to $351 Million in 20 Months appeared first on Crypto Breaking News.
On April 8, 2023, the number of Ordinal inscriptions surpassed the million mark as the non-fungible token (NFT) trend has seemingly become a mainstay. Presently, on Sunday, April 9, the total number of Ordinal inscriptions is 1,049,263, and so far, 169.85 bitcoins worth $4.7 million have been collected in fees. Ordinal Inscriptions Reach 1 Million [...]
The post Ordinal Inscriptions Surpass 1 Million Mark, Miners Collect $4.7M in Fees as Bitcoin NFT Trend Continues appeared first on Crypto Breaking News.
In March, Polygon saw a surge in user activity, making it the second-largest blockchain gaming network in terms of unique active wallets. Polygon's Hunters On-Chain game, which has seen a 17,000% UAW increase in the past 30 days alone, was a significant contributor to this surge. Polygon's NFT integrations and partnerships with big-name companies like Warner Music, Starbucks, and Reddit have also contributed to its bullish momentum. (Read More)
Surging user activity on Ethereum layer-2 (L2) Polygon in March saw the network become the second-largest blockchain gaming network in terms of unique active wallets (UAWs). According to an April 6 Blockchain Games report published by decentralized application (DApp) analytics platform DappRadar, the number of UAWs engaging with games on Polygon hit 138,081 in March, [...]
The post Polygon becomes second largest gaming blockchain after user activity surges in March appeared first on Crypto Breaking News.
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