Blockchain & crypto news from India
When NFTs began selling for millions of dollars, a new industry was created in the crypto universe. The ongoing recessionary trend in worldwide markets have impacted this industry too, and at OpenSea, there was a drop of 99% between May-August this year, says DappRadar. If patents are an indication of signs of life and thriving,…
CryptoPunks, the adorable pixelated faces that created a big hype in their heydays, came back recently in April to overtake the currently trending BAYC NFTs. The Bored Ape Yacht Club collection is currently selling at a floor price of around 80 ETH. The BAYC is a collection of programmatically generated ape figures, and are a…
Just one day after the Solana network temporarily stopped on June 1, in an announcement published by Alchemy, the Web3 development platform, and infrastructure provider declared its support for the controversial blockchain. Resulted due to a bug that made it impossible to reach network consensus, the Solana blockchain stopped for around four hours on Wednesday….
The New York Stock Exchange is stepping into the NFTs market with schemes to do for digital assets what it does for stocks. In a regulatory filing with the US Patent and Trademark Office, the NYSE said that it intends to be a financial exchange for cryptos and NFTs that would compete with the likes…
Weddings are indeed special occasions. A Tamil couple made it even more special by holding a ‘blockchain wedding’. Belonging from Pune, Shruti Nair and Anil Narasipuram have just conducted their wedding via blockchain. The duo decided to conduct their wedding reception digitally in the metaverse. In a Twitter thread, the couple said they had a…
Hollywood is looking for a new revenue stream in the non-fungible tokens (NFTs) market. With the novel Coronavirus upsetting several moviegoers from theaters and creating blockbuster ticket sales difficult to come by, some entrepreneurs are becoming more creative using blockchain technology. Welcome the latest science-fiction movie featuring Anthony Hopkins, which will be the first film…
On June 22, Visa and PayPal led a $300 million fundraising in Blockchain Capital, a crypto venture capital (VC) firm. Additionally, a few other investors and the 2 payments giants will participate in the firm’s strategic partnership program. The organization’s 5th funding round, called ‘Fund V’, was oversubscribed at its $300 million hard limits. According…
Non-fungible token (NFT) marketplace OpenSea plans to add Ethereum Layer 2 protocol in a bid to remove costly gas fees. OpenSea is one of the largest NFT marketplaces in the world and with the recent hype and high demand in tokenized art and music to digital wearables; it has been gaining more popularity and extreme…