Percentage of the NFTs in each ETH PFP collection haven't traded once so far in 2024 — link
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Ethereum Layer 2 Morph raises $20 million from Dragonfly, Pantera and others — link | tl;dr
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Starknet's 2024 roadmap includes parallel transaction execution coming in Q2 — link | tl;dr
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Netherlands indictment alleges developer Alexey Pertsev aided in laundering $1.2 billion through Tornado Cash: report — link | tl;dr
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🖼 NFTs, down to $73M in weekly volumes, embrace ‘ownership model’
NFTs were one of the biggest buzzwords in early 2021. Digital artwork by up-and-coming creators sold for millions of dollars. Beeple boomed. And “The Merge” attracted over 30,000 collectors, who paid a total of $91.8 million to mint the collection. The floor price of “The Merge” has since dipped from roughly 25 ether (ETH) to 1.1 ETH today. Its demise is part of a much larger trend: Trading volume for all NFTs has dropped significantly, from a weekly volume of $1.8 billion in August 2021 to roughly $73 million today. One could argue that the NFT boom is over and that a comeback would be difficult, but a handful of projects remain faithful to their potential. One team building in the NFT gaming space is Martian Premier League (MPL). To participate in MPL, users can mint an MPL NFT and enter the gaming world, where they must build their own football team on a virtual Mars. “Without that sense of ownership model that NFTs have allowed us to take, we wouldn’t have a good enough ‘why’ to come to market,” Eleanor Nugent, the founder of MPL, said in an X space. Gaming is not the only area in which NFTs are being used. The team at Maya Spirits is hoping to use their NFT mints to champion gender equality and environmental protection in Mexico through donations.
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MoonPay has unveiled its investment arm, MoonPay Ventures.
The company aims to help nurture early-stage startups spanning Web3, gaming, and adjacent fintech sectors.
MoonPay Ventures will allocate investments ranging from $100,000 to $1 million, specifically targeting seed and Series A funding rounds.
With a portfolio boasting over 25 companies, including names like BCB Group, Ledger, BRUT, and Mythical Games, MoonPay Ventures is demonstrating its commitment to backing pioneering ventures in this dynamic landscape.
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StarkWare 'storage proofs' used in verifying Ethereum historical data — link
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💰 Blur Dominates 60% of the NFT Market on Ethereum: Messari Report
Messari, a platform that analyzes blockchain data, recently shared a new report. The report discusses Blur as a significant player in the NFT market on Ethereum. Blur is responsible for about 60% of all NFT transactions on Ethereum. This boost is largely due to an event where Blur gave away free tokens (airdrop) in February 2023. This event and ongoing activities have made Blur’s NFT marketplace very popular. Blur launched in October 2022, and it quickly got even more attention than the leading OpeaSea, a much bigger and famous platform. Blur became even more well-known after the airdrop on February 14. Before the airdrop, Blur was doing 48% of the trading on the NFT market. After the airdrop, Blur’s share went up to 78%. OpenSea’s share fell by 21% after this remarkable rise of Blur. As of today, Data from Dune Analytics shows that Blur has more daily NFT transactions than OpenSea. Despite the overall decline and fall of the NFT market, people are no longer interested in NFTS. But Blur has maintained its pace among other famous platforms. Over the course of the past year, there has been a great decline in the amount of interest shown in NFTs. The interest rate reached its highest point around February. Afterwards, The market capitalization of NFTs and sales volume has been decreasing.
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Arbitrum and Optimism have generated ~$40.1mm and ~$26.3mm in gas fees over the YTD period. While Arbitrum saw higher total gas fees on its L2 network, ARB actually saw a lower profit margin than OP did after accounting for ETH L1 costs — link
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Offchain Labs introduces Arbitrum Stylus to expand language support for Ethereum Layer 2 dapps — link
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The District of Columbia Court of Appeals has sided with Grayscale in a lawsuit against the SEC which had denied the company’s application to convert the Grayscale Bitcoin Trust to an ETF.
The crypto markets surged on the news, as the ruling has paved the way for Bitcoin exchange-traded funds.
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Considering that DeFi yields are nowhere close to those of TradFi yields, it will not be surprising to see more stablecoin protocols explore the integration of RWAs to boost the revenue of their treasury and potentially pass them on to stablecoin holders to increase the attractiveness of their stablecoins — link
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StarkWare re-enables access to funds locked after upgrade — link
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🖼 Starknet’s Quantum Leap NFT Drop Sparks Aug 30 Commemorative Frenzy!
Starknet has just unveiled an exciting plan on platform X that is set to captivate enthusiasts and collectors alike. The Starknet community is gearing up to release a special commemorative NFT, heralding the remarkable “quantum leap” achieved by the Starknet mainnet. This commemorative NFT release is poised to mark a significant milestone in the platform’s journey. Scheduled for release on August 30, it holds the promise of being a coveted piece in the world of digital collectibles. The “quantum leap” signifies a monumental achievement for SN’s mainnet, and the decision to celebrate it with an NFT showcases the community’s innovative and creative spirit. NFTs have surged in popularity due to their uniqueness and ability to encapsulate moments in a blockchain-based format, making them highly sought-after among crypto aficionados. Starknet’s move to commemorate their “quantum leap” with an NFT is a testament to the broader trend within the blockchain space. It underscores the technology’s capacity to document achievements and milestones in an innovative and engaging manner. The NFT not only symbolizes technological progress but also serves as a token of the community’s journey and accomplishments.
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TON Foundation launches Toncoin community rewards initiative worth over $100 million — link | tl;dr
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Robinhood rolls out crypto wallet to Android users globally — link | tl;dr
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🖼 NFT artist raises over $10 million in one day for Solana memecoin presale
A relatively unknown NFT artist has surprised the crypto community by raising over $10 million in for a memecoin presale in less than a day. The artist, pseudonymously known as Kero, launched the presale after polling their followers on X as to whether they should launch a coin on Solana in honor of joining the network. After receiving 5,000 votes on the poll, Kero launched the presale by posting a wallet address, which rapidly accumulated funds eventually totaling nearly 55,000 SOL, or about $10.4 million at current prices.
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Immutable, Polygon and King River team up to raise $100 million for web3 gaming fund — link | tl;dr
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MakerDAO announces final phase of ‘Endgame,’ highlights Solana codebase — link
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ApeCoin, Aptos and Optimism set for $100 million in token unlocks this month — link
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The TVL on Base network reached a new all-time high of $378 million. TVL has surged after the launch of Aerodrome, which is now sitting around $200m after a couple of days — link
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Adidas creates residency for NFT artists with plans for physical collabs — link
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Akash Network adds Nvidia GPUs to its decentralized compute market — link
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Binance Pool launches Ordinals Inscription Service for Bitcoin artifacts — link
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PancakeSwap expands to Coinbase-incubated Ethereum layer 2 Base — link
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Airline giant Lufthansa launches NFT loyalty program on Polygon — link
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Stroom Network raises $3.5 million to launch Bitcoin 'liquid staking' on Lightning — link
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Arkham Intelligence identifies Robinhood wallet as the 5th largest ETH holder — link
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Ethereum validators have earned an average of 772 ETH per day in MEV.
Amounting to 187k ETH in total so far this year — link
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