Author: Donald Munn
The ERC-721R, a new NFT standard, was officially released on April 11. It adds an important redemption feature for smart contracts, allowing minters to redeem minted NFTs within a specified period and receive a corresponding refund. ERC-721R, a new standard against fraudulent NFT projects ERC-721R, the new NFT anti rug-pull standard The ERC-721R repository on the GitHub page contains details of the new standard, which was created following many community suggestions calling for greater accountability of NFT creators. Today’s marketplaces have suffered from the presence of fraudulent projects or projects with mechanisms that are not up to the level of…
Polygon, Ethereum’s Proof-of-Stake scaling solution, has launched the “Green Manifesto: a smart contract with Planet Earth” to commit to becoming carbon-negative in 2022. The ecosystem has also committed $20 million to implement sustainable development strategies. Polygon and the Green Manifesto: a commitment to go carbon-negative in 2022 Polygon’s investment to become carbon-negative by 2022 Yesterday, Polygon announced its commitment to become carbon-negative in 2022 with the launch of its Green Manifesto. #Polygon pledges up to $20M to take immediate steps to offset the ecosystem’s environmental footprint entirely. Read more [2/2]https://t.co/2l2HXU2Abo — Polygon (@0xPolygon) April 12, 2022 “Unveiling the Green Manifesto…
It’s official: Elon Musk has decided not to join Twitter’s board of directors. Twitter: Musk turns down Twitter board seat This was revealed, obviously on Twitter, by the company’s CEO, Parag Agrawal, sharing a company memo. Elon has decided not to join our board. I sent a brief note to the company, sharing with you all here. pic.twitter.com/lfrXACavvk — Parag Agrawal (@paraga) April 11, 2022 Agrawal explains that the board had discussed Musk‘s appointment extensively, including directly with him, and were keen to work with him and clarify any risks. After buying 10% of the company last week, Elon Musk…
New York-based JPMorgan Chase & CO. expects commodities to jump in the near future. JPMorgan’s forecast for the commodities market Big Four JPMorgan releases its outlook on the commodities sector This is what the investment bank reported on 7 April in its analysis note on commodities: “In dollar terms, the total open interest of commodity futures ex gold stands at around $1.4 trillion, which, although high by historical standards, looks much lower compared to the stock of equities, bonds and cash in the world. And in the current juncture where the need for inflation hedges is more elevated, it is…
The latest quarterly report from blockchain data analytics firm Nansen, highlights the outstanding performance of the NFT market, which has outperformed the cryptocurrency market since the start of the year, with social NFTs and metaverse leading that growth. NFT report: market outperforms cryptocurrencies The market fell quite sharply in February 2022, but the last 30 days have seen a decisive turnaround. The NFT market has continued to outperform the cryptocurrency market since the start of the year, returning 103.7% when denominated in ETH and 82.1% when denominated in USD. Going into more detail on the fastest-growing sectors, the report showed…
Epic Games’ Unreal Engine 5 is a new graphics engine that will allow tomorrow’s video games to do amazing things that have never been done before. Epic Game’s latest graphics engine: Unreal Engine 5 Unreal Engine 5 is the latest version of the graphics engine used for the beloved Fortnite This revolutionary engine will take the gaming industry to an incredible new level of development that was only unthinkable 10 years ago – the metaverse. This extraordinary world involves a multitude of players from the gaming, social and tech sectors. In fact, the metaverse will involve everything and everyone in…
Bitcoin Analysis Bitcoin’s price was rejected at the EMA50 on Sunday and Monday’s daily session began selling off vastly from the onset. BTC’s price ended up concluding Monday’s daily candle -$2,616. The macro climate outside of the crypto realm is also experiencing a bit of uncertainty but that begs the question whether or not crypto is going to be a safe haven the next 12-18 months, a Spokesperson for the Bitfinex Trading Team weighed in on the matter: “A sense of nervousness has crept into the market amid low volumes over the weekend. The prospect of more interest rate hikes…
The markets have probably already priced in the Merge, but in the following months, things could get better. What will happen to Ethereum after the PoS implementation? The effects of the move to the PoS protocol on the price and the ecosystem of Ethereum It seems increasingly likely that Ethereum’s transition from Proof-of-Work to Proof-of-Stake could take place by June this year, or at the latest by September. In short, it would only be a few more months away, and there are already those who are trying to estimate what impact this epoch-making transition could have on the price of…
Exceeded 1.1 Ph/s for the first time in history, the highest level ever reached by the Ethereum hashrate. The PoW protocol and the Ethereum hashrate The value of the hashrate for mining Ethereum (ETH) has reached a new all-time high For now, Ethereum’s blockchain is still based on Proof-of-Work, so ETH is still being mined. Yesterday, 11 April 2022, a new all-time high was reached in terms of the total computing power allocated to Ethereum mining. According to CoinWarz‘s estimates, it peaked at more than 1.14 PH/s, while the average hashrate has never fallen below 1.1 PH/s. Actually, a first…
Recently, affected by international events, the “stock market crash” has been constantly staged on major stock platforms. There may also be a bubble behind the boom. The gloomy stock market has made a large number of investors fall into the arms of the safe-haven currency—Bitcoin. However, many traders jumped in excitedly and left with regret. Do you really understand the crypto market? Today, let’s take a look at a 20-year trader — Crypto King who shares his ways to profit. Fully familiarize the market and the environment We often tend to listen to the advice of experts, or enter the…