Cryptocurrency News Official TheBitTimes.com

Phantom’s Camera Mint feature introduces a tool for creating NFTs directly on mobile devices, presenting both opportunities and challenges in the evolving landscape of digital collectibles. Phantom’s recent introduction of the Camera Mint feature enables mobile users to create NFTs with ease. While the tool democratizes access to blockchain technology, it also introduces a series of challenges and considerations that users must make. Don’t just collect NFTs… CREATE them. With Camera Mint on Phantom mobile, instantly turn photos and videos into @solana NFTs you can save forever. pic.twitter.com/4Ei0LpdKUI — Phantom (@phantom) October 30, 2023 One of the feature ’s main selling points is its user-friendliness, designed to attract a wide audience to the world of NFTs. Users can quickly transform personal moments into digital assets, a process that once required a more comprehensive understanding of blockchain technology. However, this ease of access has potential drawbacks, ...

Voice has decided to wind down its business just two years after pivoting from a social network to an NFT platform . Voice was initially planned as a decentralized social media network but later “upgraded” into a non-fungible token (NFT) platform for creators. Now, it is winding down its services amid regulatory roadblocks. Today, we are sad to announce that we will be winding down operations at Voice over the coming months. — Voice (@VoiceHQ) September 13, 2023 In an X (formerly Twitter) thread, Voice said it will be “winding down operations” over the coming months, citing the ongoing uncertainty in the crypto and NFT market. The startup didn’t elaborate on the decision. Still, it believes in the “tremendous potential web3 holds to empower creators.” “At this point, we feel that it is in the best interest of Voice and its community to use the resources we have left to optimize our wind-down process for you.” Voice ...

International crime-fighting agency Europol has praised blockchain’s security, but also highlighted high criminal activity in decentralized finance. Europol, the EU law enforcement organization, has published its first European Financial and Economic Crime Threat Assessment. It describes an in-depth assessment of the threats posed by cyber criminal s at the European level. Besides financial crimes in traditional finance, Europol also addressed in the document the illicit use of cryptocurrencies. Although the agency praised blockchain for its independence and security, Europol criticized decentralized finance (DeFi). The agency believes the lack of crypto regulation “leaves openings for economic crime since criminal s hold illicit assets on DeFi platforms.” “The use of cryptocurrencies for criminal schemes is also increasing in line with their overall adoption rate.” Europol You might also like: DeFi group urges UPSTO to protect crypto from ...

The recently unveiled “Masterpiece” collection , a curated assembly of digital artwork endorsed by Coca-Cola, generated $543,660 in proceeds from Coinbase’s “Onchain Summer” event.  The event, dedicated to celebrating the inaugural emergence of the Base blockchain, witnessed fervent interest as more than 80,000 collectors zealously acquired eight distinct digital works over the course of 72 hours. The collection interweaves revered classics, such as Edvard Munch’s “The Scream” and Johannes Vermeer’s “Girl with a Pearl Earring,” with contemporary creations from emerging talents including Fatma Ramadan, Aket, Vikram Kushwah, Stefania Tejada, and WonderBuhle. Pratik Thakar, Coca-Cola’s senior director of generative AI, praised the campaign:  “At Coca-Cola, our history of collaboration with the artistic community spans eras, and today’s technology and innovation open new and captivating aven...

DeLabs has promised to return the $3 million grant initially provided by Polygon Labs to support y00ts from Solana to Polygon. Non-fungible token project y00ts is again switching blockchain networks, only four months after bridging the majority of its NFTs from Solana to Polygon. DeLabs, the NFT firm behind y00ts, announced via its X (Twitter) account on Aug. 9 it will soon be migrating to Ethereum in line with its DeGods NFT collection. 1. y00ts will be migrating to Ethereum. — y00ts (@y00tsNFT) August 9, 2023 The NFT collection had mostly migrated from Solana to Polygon in April. The move was first initially announced in December, with the migration starting officially on March 28. By March 30, Polygon announced 11,633 of a total of 15,000 y00ts NFTs had been bridged. DeLabs said the move was to unite its y00ts community with its DeGods community. DeGods had also announced it would be bridging off Solana in December and similarly began its migration from Solana to Ethereum ...

EXIT Festival and SolSea have teamed up for a collaborative effort where SolSea will supply merchandise and develop non-fungible tokens (NFTs) showcasing the branding of Coca-Cola Serbia.  The joint venture aims to offer attendees of the annual summer music event in Novi Sad, Serbia, an exclusive opportunity to acquire NFTs and merchandise throughout the festival from July 6 to 9, 2023. SolSea partners with EXIT Festival, Coca-Cola Serbia EXIT Festival, Coca-Cola Serbia, and SolSea have recently joined forces in a collaboration that merges physical and digital elements. This partnership aims to combine tangible hoodies, a distinctive NFT collection on the SolSea marketplace on Solana, and a festival’s ambiance, with the release’s core being the “Magic Mirror” activation. The interactive feature will exist within the Coca-Cola Serbia zone at the EXIT Festival. According to an ALLA.ART announcement, the digital experience can be utilized when festival go...

Luca Netz suggested that Pudgy Penguins is pushing for Web3/blockchain as a “back end not front end” approach, as it makes its IP as accessible as possible. The CEO of Pudgy Penguins — a nonfungible token project that recently launched a line of “phygitals” on Amazon despite the bear market — has offered one piece of sage advice to budding projects: Stop talking about crypto . Speaking with Cointelegraph, 24-year-old entrepreneur Luca Netz said that many NFT projects overwhelm people with Web3 jargon and information, making it almost unapproachable for newcomers: “If you look at the other NFTs in the space, can everyone really get it? [...] I think they’re trying to drown crypto and Web3 down people’s throats. That’s not what people want. People want amazing products.” Since he took over Pudgy Penguins in April 2022, Netz stated that the project has opted for a Web3/blockchain as a “back end, not front end” approach. This essentially boils down to bringing as much attention to the I...

The platform is part of Air Nippon Airways' ongoing expansion into the intersection of airlines and Web3. On May 30, Air Nippon Airways (ANA), the largest airline in Japan, launched an aeronautical-themed nonfungible tokens (NFTs) marketplace with its subsidiary ANA Neo.  Dubbed the "ANA GranWhale NFT Marketplace," the platform will feature an inaugural collection created by aerial photographer Luke Ozawa. As told by developers:  "From May 30, aerial photographer Luke Ozawa's first digital photo will be converted to NFT. One of them will be sold with a positive film, which is the source of photo development. The price is 100,000 yen, and the NFT with positive film will be sold at auction." Meanwhile, the second collection of NFTs will be released on June 7, representing the NFT image conversion of the first Boeing 787 operated by AMA. "Selling ​​as a 3D model airplane. There are 787 items each of the two types, for a total of 1,574 items, and the pr...

Bitcoin ordinals have officially disrupted the NFT market, with the gap between Bitcoin NFT and Ethereum NFT daily volume s getting slimmer by the day. Yesterday, Bitcoin NFT sales volume sat at $14,368,075, just $400,000 or 2.45% shy of Ethereum’s $14,729,129. More than 7.7 million inscriptions have been added to the Bitcoin blockchain to date. Sales of at least two bitcoin NFT collections have even pulled ahead of the Bored Ape Yacht Club collection with the bitcoin “Space Pepe” currently topping the charts. Bored Apes are lagging some way behind in sixth place. Ethereum NFTs are crashing while Bitcoin Ordinals are soaring Read more: Ethereum NFTs continue to stall despite brief Milady pump “Bitcoin Frogs”, also on the Bitcoin blockchain, is currently in fourth place but earlier this week, it briefly held top spot . Despite Bitcoin ordinals soaring across the board since the start of the year, they’re causing considerable debate around their overall impact...

The information was published on WIPO's global database for intellectual property on May 11, 18 months after LG filed its application. South Korean tech company LG Electronics has filed a patent application for its blockchain-based Smart TV that allows users to trade nonfungible tokens (NFTs).  The information was published on WIPO's global database for intellectual property on May 11. According to WIPO's documentation, a patent application is published 18 months after the filing date or the priority filing. Based on this timeline, LG's application was submitted in November 2021. The next steps include substantive examination, followed by granting or refusing legal protection to the invention. According to LG's application, its technology allows devices to connect with a crypto wallet and an NFT market server to enable transactions. When connected to an NFT market server, the device incorporates onscreen QR codes that let users complete transactions via a crypt...

With the advent of the metaverse and artificial intelligence, NFT took a backseat. The crypto industry did not lose steam while NFTs struggled for quite a bit in 2022. However, it looks like these non-fungible tokens were back in action and the Polygon network seemed to be elevating the adoption around these assets. According to reports, Nike is launching its first NFT drop on its Swoosh Web3 community platform, which it introduced months ago. A homage to the classic Nike Air Force 1 shoe from 41 years ago, the Our Force 1 (OF1) collection will feature Polygon virtual sneakers NFTs. Swoosh-ing in Style The drop will reportedly come in two varieties. The first variant entails Classic Remix sneaker boxes, which include digital renditions of Air Force 1 sneakers made between 1982 and 2006. The second one will have New Wave boxes, which include shoes that were created in 2007 and after. To honor the year of the Air Force 1’s introduction, each virtual shoe package will cost $19.82. Ho...

Ronin Network’s upcoming shift to a more decentralized consensus mechanism and partnerships with gaming studios has brought significant gains for the project’s RON token. Ronin Network’s native token RON recorded 5x gains since the start of the year thanks to its plans to shift to a Delegated Proof-of-Stake (DPoS) consensus mechanism and expand its gaming portfolio beyond Axie Infinity. The gaming-focused layer-2 Ethereum blockchain will change its current Proof-of-Authority to the DPoS consensus mechanism on April 12. The previous mechanism had around six to nine participants securing and validating transactions on the network, which put the network at a centralization risk. It was the leading cause of the $650 million hack from the Ronin network on March 29, 2022. The new DPoS consensus mechanism allows RON stakers to earn from the network’s fees and vote on the set of validators operating the network. Additionally, Sky Mavis, the team behind Axie Infinity and the Ronin Network, is...

Blur’s liquidity heist on OpenSea continues as each project competes in royalties, fees and decentralized governance. 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 trading volumes (in ETH). Source: Dune  Blur has made a significant dent in OpenSea’s position as the leading market place. Analytics from data scientist Hildobby shows that Blur is eating into the market share of OpenSea and other aggregators like X2Y2. Blur's incentive program and advanced NFT trading Features are causing users to shift from OpenSea to Blur. The share of NFT marketplaces by trading volume. S...

Glassnode noted that this is the first time in Bitcoin history where the network has been used for purposes other than for monetary purposes. The launch of Bitcoin nonfungible tokens (NFTs) — known as Ordinals — has tipped the number of non-zero Bitcoin addresses to a new all-time high of 44 million, according to crypto analytics platform Glassnode. In a Feb. 13 report from Glassnode, the firm explained that for the first time in Bitcoin’s 14-year history, a portion of network activity is being used for purposes other than peer-to-peer monetary Bitcoin (BTC)  transfers: “This is a new and unique moment in Bitcoin history, where an innovation is generating network activity without a classical transfer of coin volume for monetary purposes.” Glassnode explained that the Ordinals surge has contributed to a “short-term uptick in Bitcoin network usage of late” which has brought many “new active users” with a non-zero BTC balance to the network: Number of Bitcoin addresses with a non-zero ba...

Sorare seals partnership with the English Premier League to issue Ethereum-based digital player cards for its popular fantasy sports platform. Blockchain-powered fantasy sports firm Sorare has sealed a deal with the English Premier League to mint Ethereum-based digital player cards on its platform. Sorare has driven an interesting use case for Ethereum-based fantasy sports and digital card trading in recent years, offering fans the ability to mint, collect and trade various player cards with other users across a variety of nonfungible token (NFT) marketplaces. Cointelegraph reached out to Sorare to clarify details of their latest deal which brings the Premier League to the fingertips of Football fans. While the partnership was officially announced on January 30, a Sorare spokesperson said discussions between the league and the company had been ongoing for a lengthy period. Premier League player cards are available for purchase on Sorare's platform, with some 'super rare'...