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The price of Ethereum shows a lack of momentum of its own, although the recent growth of bitcoin has pushed ETH to another maximum of fluctuation. Failure at this level caused a sell-off, which may continue and reduce the price of the token to critical support levels.
The founder of MicroStrategy called cryptocurrencies using the Proof-of-Stake (PoS) consensus algorithm unstable and at risk of collapse.
Michael Saylor supported Bitcoin maximalist Matthew R. Kratter, who recently stated that the Proof-of-Stake consensus mechanism, which the Ethereum network switched to, makes the ether more vulnerable. Kratter suggested that regulators examine whether the proof-of-stake algorithms used by the Ethereum and Cardano networks are at risk of collapse, as happened with Terra Luna.
According to data from the network analytics company Santiment, Ethereum is currently seeing the highest level of activity in the last 17 months. "Daily Active Addresses" is an indicator that measures the total number of Ethereum addresses that were used as a sender or recipient during the day.
Data from the Ethereum Etherscan blockchain browser shows that 640 thousand ETH were transferred from the Bitfinex 2 cryptocurrency exchange, owned and operated by iFinex Inc.
The new Unsellable service, created by businessmen Skyler Hallgren and Zach Miller, buys depreciated NFTs.
Manchester United Football Club was caught plagiarizing when creating the NFT Manchester United Digital Collectibles collection.
The cryptocurrency market is facing serious problems in 2022. Interest in the industry has decreased significantly. This also affected the popularity of non-interchangeable tokens. However, NFT collectors still did not leave the market and continued to participate in the purchase of virtual art objects.
China intends to use its NFT platform to regulate the secondary markets of collectible tokens and combat excessive speculation in digital assets.
The Chinese authorities have made it clear that on January 1 they will launch the first regulated platform for trading non-interchangeable tokens. The platform was created by the state-owned China Technology Exchange, the private Huban Digital Copyrights Corporation and the State Art Exhibition of China.
Game designer Peter Molyneux, who sold $52 million worth of non-interchangeable tokens, recalled the need to regulate the NFT market
A subsidiary of Animoca Brands and The Sandbox metaverse has been replenished with a new member of The Smurfs’ Society. As part of the partnership, The Smurfs’ Society will showcase itself to The Sandbox community through 3,000 exclusive NFTs for selected NFT Voxie owners.
This week, a team of independent developers will launch the TON Gifts service, which allows you to send NFT gifts in the Telegram messenger. This was reported to ForkLog by representatives of the TON Diamonds marketplace, which is a partner of the project.
The Dajia Jenn Lann Temple in Taichung has found an unprecedented way to use modern technology. At the temple, which is about 100 miles down the coast from Taiwan, NFTs have been released in honor of the sea goddess Mazu, and they are already popular among young people. Every year, the temple organizes a 300-kilometer pilgrimage in honor of the sea goddess, and the economy of the region mainly depends on the income received from tourism. The "Mazu economy" is based on donations and the sale of goods related to the temple.
The creators of popular NFT collections could not survive the market decline and are forced to look for alternative sources of monetization
The trade turnover of non-interchangeable tokens (NFT) based on Ethereum has amounted to $23.7 billion since the beginning of the year, the Nansen researchers noted.
Fidelity Investments and HSBC Bank have filed applications with the US Patent and Trademark Office (USPTO) for registration of trademarks related to NFT, metaverses and Web3.
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