How NFTs Benefit the Artists You Know and Love

Finding success as a traditional artist has always meant navigating the closed-off world of the gallery-dealer complex. An artist who doesn’t come from a privileged background or runs in well-connected circles, has little hope of gaining traction. And if their art happens to be digital, they are pretty much straight out of luck. Non fungible … Read more

Nansen Ronin report reveals 82.7% drop in Q2 TVL, struggle to attract validators but bullish signs ahead

The Ronin bridge, an Ethereum sidechain designed to facilitate the growth of the Axie Infinity universe, has had a mountain to climb following its major exploit in April, which led to hundreds of millions of dollars being stolen by hackers. A report from Nansen Alpha exclusively shared with CryptoSlate identified the state of the ecosystem … Read more

First post-Merge Ethereum NFT minted for $60K

Less than an hour after Ethereum (ETH) completed the Merge; a user spent 36 ETH — roughly $60,000 — to mint the first NFT on the proof-of-stake (PoS) network. The NFT was minted at a Block height of 15537394 and is tagged “The Transition.” The NFT is part of a panda face collection commemorating Ethereum’s … Read more

Research: Ethereum gas usage by stablecoins, DeFi, NFTs, and ERC -20 contracts

Gas fees refer to the cost of conducting a transaction or executing a contract. For example, this could take the form of exchanging into a stablecoin or minting an NFT. Since the summer of 2020, Ethereum gas fees took off primarily due to the explosion of DeFi use on the chain. Although network activity has … Read more

Pumping Parrots NFTs see 753% increase in sales volume with pyramid scheme model

Pumping Parrots  NFT collection is in the news due to its marketing strategy, which many have described as a pyramid scheme. Unlike most NFT collections that market their utilities, Pumping Parrots markets itself as a pump-and-dump opportunity for collectors to make money before the merge. “The rules are simple: Flip your NFT at 2X. If … Read more

New Canvas to Launch Lustration NFT and Social Token on Polygon

We are delighted to announce that the XR media company New Canvas has chosen Polygon as its platform to launch an upcoming NFT and Social token drop for its Lustration project, an award-winning animated VR series that takes place in the fictional afterworld, ‘The Between.’ The fantasy noir story of Lustration is an adaptation of … Read more

BendDAO running out of funds amid fears of souring debt

NFT platform BendDAO experienced a bank run between August 19 and August 21 as over 15,000 Ethereum (ETH) were withdrawn from its contract within 48 hours. gm While you were asleep the BendDAO bank run finally happened 15 wETH ($25,081) left in the wallet that had 18,000 ETH ($29,160,000) in it just 48 hours ago … Read more

ENS reaches 2 million names created – top holder owns 35k domains

The Ethereum Name Service (ENS) has reached a milestone of 2 million “.ETH” addresses minted. The landmark comes just three and half months after the service reached 1 million addresses. ENS addresses allow users to link a human-readable domain ending in “.ETH” to their wallets. Domains such as “beer.eth” can be used to send crypto … Read more

Vitalik suggests private NFTs using ‘stealth addresses’ to hide the owner’s identity

Ethereum Founder Vitalik Buterin suggests the idea of private NFTs whereby the owner would not be known through blockchain data. The concept was added to an Ethereum Research post focused on adding an “ERC721 Extension for zk-SNARKs.” Idea: stealth addresses for ERC721s. A low-tech approach to add a significant amount of privacy to the NFT … Read more

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