PolygonInsights – WEEK30

Hola readers! Acentrik, a decentralized data marketplace developed by Mercedes-Benz, is now deployed on the Polygon mainnet,  Data Lake, a global medical data donation system, is launching on Polygon, and Bueno is integarating with us to offer faster and cheaper ways to mint NFTs.  Let’s dive in.  Key takeaways:  Transaction/day climbed to a solid 2.89 … Read more

GameStop NFT is live on Loopring L2

We’re excited to announce that GameStop NFT is here and live on Loopring L2. The game has changed, NFT creators, buyers, and sellers are no longer constrained by costly gas fees. Now anyone can trade and mint NFTs for a fraction of the cost without sacrificing on security. While most of the popular NFT marketplace’s … Read more

How this NFT whale lost $150K to a ‘joke’

Bored Ape NFT whale Franklin lost 100 wrapped Ethereum (WETH), worth roughly $150.000, to a joke bid gone wrong for an Ethereum Name Service (ENS) domain he registered on July 20. The joke started on July 19 when Franklin asked his followers which “phrase or meme” they wanted him to place a 100 WETH bid … Read more

How to buy Polygon NFTs on OpenSea

With over 1.6 million active users, OpenSea is currently the largest marketplace to buy, sell, and trade non-fungible tokens (NFTs).  Originally, OpenSea’s platform was based solely on Ethereum, but they have since implemented Polygon PoS, to solve various issues that users face on the blockchain.  Making Ethereum even better Ethereum is still the place to … Read more

Hackers steals $400K in NFTs from Premint users via malicious link

Popular NFT platform Premint suffered a hack on July 17, leading to total losses of around $400,000 for users who clicked on a malicious link. According to available information, the hacker compromised Premint’s website by adding a malicious JS file to the site. Unsuspecting users who clicked on the link gave the hacker access to steal … Read more

Mint an NFT, Plant a Tree With Coorest’s NFTrees

Non-fungible tokens (NFTs) have gotten an undeserved reputation for being bad for the environment. One project flips that narrative and shows that NFTs can be sustainable by combining NFT minting with planting trees. NFTrees is a project by Coorest, a decentralized ecosystem for realworld linked NFTs and carbon emission compensation, which creates tokens linked to … Read more

Guide: How to use the GameStop Wallet

Loopring’s zkRollup is designed to hyper-scale DeFi and NFTs while maintaining the same security guarantees as Ethereum L1. To navigate this large and growing Loopring ecosystem, a web-based wallet is needed more than ever. Providing self-sovereignty and financial freedom through a non-custodial wallet will truly help bring power to the players. Introducing GameStop Wallet, the … Read more

CryptoPunk NFT purchased for over $1M sells for less than $140K

The investor who bought CryptoPunk #273  for more than $1 million less than seven months ago sold the NFT for $139,530 — at a massive almost 80% loss. Out of the last 10 CryptoPunks that have been sold, eight were sold at a loss. CryptoPunk #273 was sold for a paltry sum of 55 ETH … Read more

Is the NFT hype fizzling out or is there something else at play here

Recently published report suggests a major downtrend in NFT sales. This led to calls of a worrying NFT market sentiment which are gradually being quashed after big performances recently. Nonfungible published a report talking about the NFT market performance during the Q1 of 2022. The report has raised many eyebrows after being published, indicating a depleting … Read more

Otherside virtual land value falls as interest recedes

Yuga Labs‘ Otherdeeds NFTs are already selling below the initial purchase price on OpenSea due to waning interest, Bloomberg News reported. After the highly anticipated minting during which Yuga Labs made $320 million, interest in the NFTs has decreased, leading many buyers to try and cash out at a loss. Many paid as high as … Read more