Solana NFT marketplace Magic Eden expands to Ethereum

Solana’s (SOL) leading NFT marketplace Magic Eden has announced that it will now support Ethereum (ETH) NFTs on its platform, according to a press release shared with CryptoSlate. The platform stated that it plans to provide multichain solutions for NFT collectors and creators and has launched several tools to make that possible. These include Magic … Read more

Ethereum Merge will not reduce gas fees, DeFi researcher says

DeFi trader Vivek Raman, in a Twitter thread, has argued that Ethereum’s (ETH) anticipated Merge would not bring down the network fees as expected by many. The Ethereum Merge is one of the most powerful catalysts in crypto history, and it is quickly approaching As we reach the endgame for ETH under the proof of … Read more

Crypto investment sees $87M inflow despite bearish market sentiment

👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Digital assets investments products saw $87 million in inflows during the week of May 23, despite a mostly bearish market sentiment, CoinShares weekly report reveals. Bitcoin sees inflow in bearish market The latest report shows that Bitcoin (BTC) saw $69 million … Read more

Assets favoring long BTC still far outweigh short BTC products, but problem is…

The cryptocurrency market has witnessed a massive sell-off this week. Over $3.15 billion in the value passed in or out of exchanges, with a net bias towards inflows, which accounted for $1.60 billion (50.8%). In fact, this recorded the largest aggregate exchange-related volume peak since October last year. Like surprises? As cryptocurrencies continue to lose … 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

The bullish case for everything from Ethereum-Solana rivalry and…

Michael Saylor, CEO at MicroStrategy, makes a tough prediction for Solana and Binance to come up against Ethereum. His comments come at a bad time for Ethereum community with their precious platform further delaying the Merge. In a recent podcast with Lex Fridman, Saylor was asked to comment on the future of crypto platforms, and … Read more

Solana’s ‘far too many red flags’ too much for this exec

Solana has been in the news a lot recently, both for good and bad reasons. It would seem, however, that the latter has caught the fancy of Cyber Capital’s Founder Justin Bons. He is in the news today after he tweeted a thread on the Solana blockchain. Via what many characterized as a rant against … Read more

Solana NFTs Set to Debut on Rarible

The multi-chain Rarible Protocol has integrated Solana NFTs into its system. So get ready to start seeing Solana NFTs on the Rarible.com marketplace.  Solana NFTs: Exploring New Frontiers The multi-chain open-source Rarible protocol has announced that it’s finally integrating Solana NFTs into its database of supported assets. This announcement came just a week after NFTs … Read more

STEPN Introduces Expensive ‘Move-to-Earn’ NFTs

The Solana-based move-to-earn project, STEPN, gains momentum despite the high cost of in-game NFTs. How’s the game booming despite the overpriced requirements for participation? STEPN: Steady Gains in Fitness and Tokens There were mixed reactions when blockchain developers, Find Satoshi Lab launched a new GameFi project on December 20, 2021. They demonstrated the concept of … Read more

Solana NFTs are welcome in the OpenSea ecosystem

Wen Solana? Now Solana, OpenSea is finally ready to begin supporting Solana-based NFTs, and this puts a different spin on the entire NFT ecosystem OpenSea x Solana blockchain Telling you how OpenSea is the most extensive marketplace for NFTs will make me sound like a broken record, so I’ll breeze through that. If you’re not … Read more