Decrypt

Last September, Uniswap surprised its users with a very early Christmas present: at least 400 UNI, the new governance token of the Ethereum-based decentralized exchange. As those 400 tokens quickly became worth thousands of dollars, you could almost hear the collective smacking of thousands of heads, with everyone in crypto saying, “I should have been …

Ethereum Name Service Market Cap Hits $1 Billion—Just Days After ENS Airdrop Leer más »

Nothing sparks demand quite like decreasing supply. At least, that’s what’s supposed to happen. Just ask Terra, the community charged with maintaining the LUNA utility token protocol and terraUSD stablecoin developed by Terraform Labs. On Tuesday, the community voted to burn just shy of 89 million LUNA tokens (roughly $4.5 billion). After the proposal put …

LUNA Price Fluctuates After Terra Votes to Burn $4.5 Billion in Tokens Leer más »

Investor and NFT entrepreneur Gary Vaynerchuk is incredibly bullish on the future of NFTs, including for collectibles, ticketing, and more. Even so, however, he believes that a significant pullback in valuation is sure to happen. Speaking with Decrypt Editor in Chief Dan Roberts at today’s Crypto Goes Mainstream event in collaboration with Yahoo Finance, Vaynerchuk—the …

Gary Vee: A Real ‘NFT Winter’ Market Pullback Is Coming Leer más »

The crypto market’s largest NFT marketplace, OpenSea, has officially facilitated more than $10 billion in volume for the first time since opening its doors four years ago. The first NFT marketplace to be established on the Ethereum blockchain, OpenSea’s trading volume has shot up in the past year alongside the boom in non-fungible tokens (NFTs). …

NFT Marketplace OpenSea Hits $10B in Total Volume Leer más »

Congress has passed a $1.2 trillion bill to improve America’s infrastructure through a variety of measures, including taxing crypto brokers.  The bill, which passed Congress with a final vote of 228–206, signals a historic moment for crypto in the United States. In drafting the legislation, senators inserted a provision that changes the Internal Revenue Service’s …

Congress Passes $1.2 Trillion Infrastructure Bill, Paving Way for Extra Crypto Taxes in U.S. Leer más »

Traditional video game publishers are starting to embrace NFTs and crypto gaming, with third-party giants like Electronic Arts and Ubisoft expressing interest or declaring their intentions in recent days. Now Japanese publisher Square Enix of “Final Fantasy” fame has joined the pack. Today, during a financial briefing covering the six-month period ending on September 30, …

‘Final Fantasy’ Creator Square Enix Is Getting Serious About NFTs, Crypto Games Leer más »

This story comes out of PubDAO, a decentralized news wire. In a move that could make blockchain-based voting more transparent and democratic, decentralized voting platform Snapshot—one of the primary tools Web 3 groups use to poll community sentiment—has partnered with blockchain protocol Colony to integrate its DAO reputation system. Governance tokens are the crypto assets …

DeFi Tool Snapshot Now Using Colony to Rebalance Power in DAO Voting Leer más »

Andbox is a major player in the growing esports industry as the company behind the Call of Duty League’s New York Subliners and the Overwatch League’s New York Excelsior—both teams in prominent franchised leagues. Now the company is set to enter the NFT space. Today, Andbox announced a partnership with Moonwalk, a blockchain startup that …

Call of Duty Esports Team Owner Andbox to Launch NFTs That Unlock Perks for Fans Leer más »

Investors claim that the creators of a newly-launched dog coin project defrauded them out of a combined total of $60 million in ETH after the funds vanished from the project’s liquidity pool. AnubisDAO, which launched on Thursday, touted itself as a fork of OlympusDAO–a decentralized reserve currency backed by bonds sales and liquidity provider fees.  …

AnubisDAO Investors Lose $60 Million in Alleged Rug Pull Leer más »

On Thursday, Oculus’s Chief Technology Officer John Carmack said during a live keynote speech about Facebook’s new metaverse that “it’s unlikely we’re going to be in the completely open crypto world of things.”  Earlier that day, Facebook rebranded itself as ‘Meta’, signaling its intention to go all in on the metaverse. Under the new ‘Meta’ …

Oculus CTO: ‘Unlikely’ that Meta Will Totally Embrace Crypto Leer más »