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Logan Paul, an American YouTube personality, purchased a rare 0N1 Force ‘Bumblebee’ NFT for $623,000 back in 2021. 0N1 Force is an NFT collection from Chiru Labs featuring 10,000 hand-drawn profile pictures.
The NFT artwork has attracted heated discussion online within the crypto community over its current value amid the general bear market. Earlier today, Twitter user Watcher guru remarked that the artwork has since dropped to $10 in value.
It’s also worth noting that Logan Paul acquired Rock #65 and Rock #68 NFTs at $60,000 and $95,000, respectively, in August 2021. Again, these digital collectibles are today worth next to nothing, with NFT Rock #65 now offered for just $25 on OpenSea.
The NFT artwork has attracted heated discussion online within the crypto community over its current value amid the general bear market. Earlier today, Twitter user Watcher guru remarked that the artwork has since dropped to $10 in value.
It’s also worth noting that Logan Paul acquired Rock #65 and Rock #68 NFTs at $60,000 and $95,000, respectively, in August 2021. Again, these digital collectibles are today worth next to nothing, with NFT Rock #65 now offered for just $25 on OpenSea.
In an announcement made earlier today, Google has announced it has partnered with leading crypto exchange Coinbase to accept cryptocurrency payments for their cloud services, while also opening up their cloud services to Coinbase. Coinbase will reportedly transition from AWS-hosted services to fully utilizing Google’s products.
This new crypto payment feature will be available to select users of Google’s services sometime early next year, and will allow users to pay in a variety of different cryptocurrencies. This marks a huge step for Google in terms of their standing in web3, and looks to bring in even more value from an area already accounting for 10% of Google’s revenue. Furthermore, Google is also reportedly looking at ways it can utilize Coinbase Prime for the custody and trading of crypto.
This new crypto payment feature will be available to select users of Google’s services sometime early next year, and will allow users to pay in a variety of different cryptocurrencies. This marks a huge step for Google in terms of their standing in web3, and looks to bring in even more value from an area already accounting for 10% of Google’s revenue. Furthermore, Google is also reportedly looking at ways it can utilize Coinbase Prime for the custody and trading of crypto.
Decentralized exchange Uniswap v3 gets ‘Warp’ed’ onto StarkNet
Ethereum development company Nethermind has announced it has “transpiled and compiled” decentralized exchange (DEX) Uniswap v3 on “Warp” — a project designed to allow Ethereum users to swap tokens on the more scalable Ethereum layer-2 network StarkNet. The milestone was announced by team lead Jorik Schellekens in an Oct. 9 Medium post. Nethermind describes Warp as a “Solidity to Cairo Transpiler,” which enables Ethereum-based projects written in Solidity to transition its codebase onto StarkNet, allowing them to capitalize on cheaper fees.
Ethereum development company Nethermind has announced it has “transpiled and compiled” decentralized exchange (DEX) Uniswap v3 on “Warp” — a project designed to allow Ethereum users to swap tokens on the more scalable Ethereum layer-2 network StarkNet. The milestone was announced by team lead Jorik Schellekens in an Oct. 9 Medium post. Nethermind describes Warp as a “Solidity to Cairo Transpiler,” which enables Ethereum-based projects written in Solidity to transition its codebase onto StarkNet, allowing them to capitalize on cheaper fees.
💰 Uniswap Labs valued at $1.66 billion after $165 million Series B
Uniswap Labs announced it succeeded in raising $165 million in the second round of its funding campaign. The Series B funding was led by Polychain Capital — with participation from a16z crypto, Paradigm, SV Angel and Variant — and is one of the largest raises in the decentralized finance sector's history. “Now, Uniswap Labs is bringing the powerful simplicity and security that has defined the Uniswap Protocol to even more people across the world,” Hayden Adams, founder of Uniswap, shared in a blog post on the Uniswap website. The decentralized exchange was launched in 2018 and raised $11 million in its first round of funding in 2020. The DEX has processed $1.2 trillion in trading volume, to date.
Uniswap Labs announced it succeeded in raising $165 million in the second round of its funding campaign. The Series B funding was led by Polychain Capital — with participation from a16z crypto, Paradigm, SV Angel and Variant — and is one of the largest raises in the decentralized finance sector's history. “Now, Uniswap Labs is bringing the powerful simplicity and security that has defined the Uniswap Protocol to even more people across the world,” Hayden Adams, founder of Uniswap, shared in a blog post on the Uniswap website. The decentralized exchange was launched in 2018 and raised $11 million in its first round of funding in 2020. The DEX has processed $1.2 trillion in trading volume, to date.
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Oscar-winning actor Anthony Hopkins' first NFT art collection, entitled “The Eternal Collection,” has sold out in under seven minutes on NFT marketplace OpenSea.
The collection is a series of over 1,000 original art pieces inspired by the actor’s decades-long career in Hollywood, with visual nods to his performances in films such as Silence of the Lambs, where he won an Oscar for his performance as Hannibal Lecter, and TV series Westworld.
The collection is a series of over 1,000 original art pieces inspired by the actor’s decades-long career in Hollywood, with visual nods to his performances in films such as Silence of the Lambs, where he won an Oscar for his performance as Hannibal Lecter, and TV series Westworld.
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Governments worldwide are undoubtedly interested in the many potential benefits that blockchain technology, cryptocurrency and NFTs can bring to the world.
The Dominican Republic , as the country has just taken a major step in their adoption of blockchain technology. According to an announcement made earlier today, the country has entered a partnership with TRON, appointing the blockchain network as the designated national blockchain infrastructure of the country.
TRON will also develop the government-backed “Dominica Coin”, a new “fan token” aimed at promoting The Dominican Republic’s natural heritage and tourism attractions. Fan tokens are an increasingly popular type of token in the web3 world, usually granting voting rights and exclusive benefits to fans of sports teams or musicians. We’re excited to see the ways the country utilizes this niche of the blockchain.
The Dominican Republic , as the country has just taken a major step in their adoption of blockchain technology. According to an announcement made earlier today, the country has entered a partnership with TRON, appointing the blockchain network as the designated national blockchain infrastructure of the country.
TRON will also develop the government-backed “Dominica Coin”, a new “fan token” aimed at promoting The Dominican Republic’s natural heritage and tourism attractions. Fan tokens are an increasingly popular type of token in the web3 world, usually granting voting rights and exclusive benefits to fans of sports teams or musicians. We’re excited to see the ways the country utilizes this niche of the blockchain.
💰 Decentralized exchange protocol Uniswap V3 is deploying on zkSync 2.0
A governance proposal that would deploy Uniswap V3 on zkSync 2.0 passed earlier today with overwhelming support. This deployment means Uniswap V3 will be available for users to trade on after zkSync launches on Oct. 28. Uniswap V3 holds the largest share of Decentralized Exchange (DEX) volume, according to The Block Research's data. Almost 100% of voters supported the proposal. Out of approximately 41.3 million votes cast, only 120 were against the deployment. The goal of this deployment is to support Uniswap’s cross-chain expansion into multiple blockchain ecosystems, according to the proposal. It further outlined that the deployment of Uniswap V3 will onboard new users and increase user activity on Uniswap.
A governance proposal that would deploy Uniswap V3 on zkSync 2.0 passed earlier today with overwhelming support. This deployment means Uniswap V3 will be available for users to trade on after zkSync launches on Oct. 28. Uniswap V3 holds the largest share of Decentralized Exchange (DEX) volume, according to The Block Research's data. Almost 100% of voters supported the proposal. Out of approximately 41.3 million votes cast, only 120 were against the deployment. The goal of this deployment is to support Uniswap’s cross-chain expansion into multiple blockchain ecosystems, according to the proposal. It further outlined that the deployment of Uniswap V3 will onboard new users and increase user activity on Uniswap.
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Mike Winkelmann has grown to be arguably the most recognizable artist in the NFT space. The legendary figure took the web3 word by storm last year with the monumental sale of Everydays for $69,000,000+. Now Beeple is giving back to the NFT community, recently announcing an exciting new initiative.
Beeple took to Twitter earlier today to announce and release a sneak peek of his new Charleston-based studio. In a thread, Beeple states that this new venue will serve not only as an outlet for his artwork, but for the greater NFT community.
When it comes to NFTs, there’s often a disconnect or misunderstanding as to how digital works of art could possibly be valuable, or even appreciated at all. To combat this sentiment, Beeple’s new venue will bring people together around digital art, something he believes is needed to bring in the next wave of users.
Beeple took to Twitter earlier today to announce and release a sneak peek of his new Charleston-based studio. In a thread, Beeple states that this new venue will serve not only as an outlet for his artwork, but for the greater NFT community.
When it comes to NFTs, there’s often a disconnect or misunderstanding as to how digital works of art could possibly be valuable, or even appreciated at all. To combat this sentiment, Beeple’s new venue will bring people together around digital art, something he believes is needed to bring in the next wave of users.
💰 SushiSwap Head Chef Hit by Controversy in First Week
SushiSwap’s newly-elected top executive — or “head chef” — has been accused of mishandling wallet exploits at his prior employer. The allegations appear flimsy, but they still present a headache for the DeFi platform accustomed to leadership drama. And legal action is brewing. Jared Grey was elected head chef of SushiSwap on Oct. 3 via an on-chain election dominated by venture capital firms, and the accusations came as Grey was still an unfamiliar figure to many in the protocol. ALQO (since rebranded as EONS) allowed users to store cryptoassets using its wallet software, Liberio. In February 2019, Liberio users began complaining of suddenly-missing funds.
SushiSwap’s newly-elected top executive — or “head chef” — has been accused of mishandling wallet exploits at his prior employer. The allegations appear flimsy, but they still present a headache for the DeFi platform accustomed to leadership drama. And legal action is brewing. Jared Grey was elected head chef of SushiSwap on Oct. 3 via an on-chain election dominated by venture capital firms, and the accusations came as Grey was still an unfamiliar figure to many in the protocol. ALQO (since rebranded as EONS) allowed users to store cryptoassets using its wallet software, Liberio. In February 2019, Liberio users began complaining of suddenly-missing funds.
The Super Bowl is one of the most widely viewed events yearly, and as a result advertisement slots during the big game are highly sought after - selling for millions of dollars. Last year, enthusiasts excitedly awaited a rumored NFT Super Bowl appearance, and while crypto commercials were plentiful, NFTs never showed up.
It looks like things will be a bit different this year, as a relatively new yet exceedingly popular collection has claimed a Super Bowl ad slot. Limit Break (a blockchain gaming company) CEO Gabriel Leydon took to Twitter earlier this week to announce that the company’s collection “DigiDaigaku” will make an appearance at this year’s game. Notably, holders of the qualified collection may enter a contest which could result in their NFT being featured.
It looks like things will be a bit different this year, as a relatively new yet exceedingly popular collection has claimed a Super Bowl ad slot. Limit Break (a blockchain gaming company) CEO Gabriel Leydon took to Twitter earlier this week to announce that the company’s collection “DigiDaigaku” will make an appearance at this year’s game. Notably, holders of the qualified collection may enter a contest which could result in their NFT being featured.
💰 1inch, Unstoppable Domains Partner on Custom Wallet Address Names
1inch Network has partnered with NFT domain provider Unstoppable Domains to give users a new feature where they can purchase human-readable domain names when buying or sending crypto assets. Through this partnership, 1inch wallet users can perform crypto transactions in a more user-friendly way by replacing complex addresses with domain names.Once purchased, the crypto wallet address name, provided by Unstoppable Domains, belongs to its holder forever and is minted as a Non-Fungible Token (NFT) on the blockchain with no minting and no renewal fees. NFT domain names can play an important role in developing decentralized identity solutions to address Web3 adoption. It can also help with issues like security and user experience, 1inch said in a statement.
1inch Network has partnered with NFT domain provider Unstoppable Domains to give users a new feature where they can purchase human-readable domain names when buying or sending crypto assets. Through this partnership, 1inch wallet users can perform crypto transactions in a more user-friendly way by replacing complex addresses with domain names.Once purchased, the crypto wallet address name, provided by Unstoppable Domains, belongs to its holder forever and is minted as a Non-Fungible Token (NFT) on the blockchain with no minting and no renewal fees. NFT domain names can play an important role in developing decentralized identity solutions to address Web3 adoption. It can also help with issues like security and user experience, 1inch said in a statement.
The Super Bowl is one of the most widely viewed events yearly, and as a result advertisement slots during the big game are highly sought after - selling for millions of dollars. Last year, enthusiasts excitedly awaited a rumored NFT Super Bowl appearance, and while crypto commercials were plentiful, NFTs never showed up.
It looks like things will be a bit different this year, as a relatively new yet exceedingly popular collection has claimed a Super Bowl ad slot. Limit Break (a blockchain gaming company) CEO Gabriel Leydon took to Twitter earlier this week to announce that the company’s collection “DigiDaigaku” will make an appearance at this year’s game. Notably, holders of the qualified collection may enter a contest which could result in their NFT being featured.
It looks like things will be a bit different this year, as a relatively new yet exceedingly popular collection has claimed a Super Bowl ad slot. Limit Break (a blockchain gaming company) CEO Gabriel Leydon took to Twitter earlier this week to announce that the company’s collection “DigiDaigaku” will make an appearance at this year’s game. Notably, holders of the qualified collection may enter a contest which could result in their NFT being featured.
🆘 SCAM ALERT: Old 1inch Address Used by Malefactors' Contract
Seasoned developer Justin Bebis, CEO of Byte Masons Web3 development studio, reported that one of the old wallets of 1inch Network (1INCH) addresses is abused by malefactors. Bebis has taken to Twitter to inform users that an old address on the Fantom (FTM) network that was previously used by 1inch Network (1INCH) multi-blockchain DeFi protocol, is controlled by malefactors. The attackers deployed a malicious contract to the address 0x11111112542d85b3ef69ae05771c2dccff4faa26. As such, all DeFi users who interacted with the contract put their money at risk.
Seasoned developer Justin Bebis, CEO of Byte Masons Web3 development studio, reported that one of the old wallets of 1inch Network (1INCH) addresses is abused by malefactors. Bebis has taken to Twitter to inform users that an old address on the Fantom (FTM) network that was previously used by 1inch Network (1INCH) multi-blockchain DeFi protocol, is controlled by malefactors. The attackers deployed a malicious contract to the address 0x11111112542d85b3ef69ae05771c2dccff4faa26. As such, all DeFi users who interacted with the contract put their money at risk.
While leading NFT marketplace Opensea remains in the top spot when it comes to NFT trading volume, traders often turn to other sites and tools when it’s time to do some research. There are a huge variety of tools available for looking at blockchain data, and many focused specifically on NFTs.
However, OpenSea has recently announced an update to the platform that’ll make doing your own research much easier, without ever leaving the site. OpenSea will begin rolling out its new ‘collection analytics’ section sometime soon, and have already made it available for select users.
Included in the tool are the abilities to view volume and price changes over time, recent listings and sales, price distribution and owner distribution. More features are expected to be added when OpenSea ships the full product, but for now - these upgrades are a huge addition to the most popular marketplace.
However, OpenSea has recently announced an update to the platform that’ll make doing your own research much easier, without ever leaving the site. OpenSea will begin rolling out its new ‘collection analytics’ section sometime soon, and have already made it available for select users.
Included in the tool are the abilities to view volume and price changes over time, recent listings and sales, price distribution and owner distribution. More features are expected to be added when OpenSea ships the full product, but for now - these upgrades are a huge addition to the most popular marketplace.
💰 SushiSwap New CEO accused of Scamming and other Crimes
The newly appointed CEO of SushiSwap Jared Grey has been accused of scamming and other crimes. The allegation against Grey includes stealing the assets of his own users, copyright infringements, and sexually assaulting a horse. Upon the news, Sushi has seen a 12% price drop at the time of writing. Grey was appointed earlier this month and is under fire for stealing funds from the crypto community in 2019 from a project called ALQO. As per the accusation, he introduced the wallet for ALQO called Liberio which was used to steal 70% of the total supply. In 2020, he was allegedly relabeled ALQO to EONS and moved from its own chain to Ethereum to cover the tracks. Other than that, he has been accused of charging fees for an exchange ‘Bitfineon’ that was never launched.
The newly appointed CEO of SushiSwap Jared Grey has been accused of scamming and other crimes. The allegation against Grey includes stealing the assets of his own users, copyright infringements, and sexually assaulting a horse. Upon the news, Sushi has seen a 12% price drop at the time of writing. Grey was appointed earlier this month and is under fire for stealing funds from the crypto community in 2019 from a project called ALQO. As per the accusation, he introduced the wallet for ALQO called Liberio which was used to steal 70% of the total supply. In 2020, he was allegedly relabeled ALQO to EONS and moved from its own chain to Ethereum to cover the tracks. Other than that, he has been accused of charging fees for an exchange ‘Bitfineon’ that was never launched.
💰 Ozzy Osbourne, Soulja Boy to join Decentraland Metaverse Music Festival
Slated for November 10-13, over 100 global artists are taking part in the event, according to an announcement on Monday. Among them are Universal Music France’s Vladimir Cauchemar, Chinese idol group SNH48, CryptoPunk Rapper Spottie WiFi and Japanese girl group Atarashii Gakko.
The metaverse platform said it is doubling down on music in the metaverse this year and, alongside other new experiences, will showcase some of the latest technology. “New motion capture technology will also be demonstrated on this global stage from Move.ai which enables motion capture with no suits and Kinetix.tech that aims to empower creators to make emote NFTs using only a phone camera,” it said.
Slated for November 10-13, over 100 global artists are taking part in the event, according to an announcement on Monday. Among them are Universal Music France’s Vladimir Cauchemar, Chinese idol group SNH48, CryptoPunk Rapper Spottie WiFi and Japanese girl group Atarashii Gakko.
The metaverse platform said it is doubling down on music in the metaverse this year and, alongside other new experiences, will showcase some of the latest technology. “New motion capture technology will also be demonstrated on this global stage from Move.ai which enables motion capture with no suits and Kinetix.tech that aims to empower creators to make emote NFTs using only a phone camera,” it said.
💰 Binance now second-largest entity by voting power in Uniswap DAO
Crypto exchange Binance has made a move toward taking part in the governance process of the decentralized exchange Uniswap, making it the second-largest entity by voting power in the Uniswap DAO. Binance delegated 13.2 million UNI tokens on Oct. 18 to its own wallet, meaning the exchange. Binance now has 5.9% of the voting power, calculated as a percentage of tokens delegated to the exchange out of all delegated tokens. It sits behind crypto VC firm a16z, which has 6.7% of the vote. The amount Binance has delegated represents 1.3% of the total supply of UNI. This is above the 0.25% threshold for proposing governance votes but below the 4% quorum required for votes to pass.
Crypto exchange Binance has made a move toward taking part in the governance process of the decentralized exchange Uniswap, making it the second-largest entity by voting power in the Uniswap DAO. Binance delegated 13.2 million UNI tokens on Oct. 18 to its own wallet, meaning the exchange. Binance now has 5.9% of the voting power, calculated as a percentage of tokens delegated to the exchange out of all delegated tokens. It sits behind crypto VC firm a16z, which has 6.7% of the vote. The amount Binance has delegated represents 1.3% of the total supply of UNI. This is above the 0.25% threshold for proposing governance votes but below the 4% quorum required for votes to pass.
💰 PancakeSwap wants to deploy mainnet on Aptos
Developers cite business development opportunities, protocol expansion and the technical capabilities of the Aptos chain as the main reasons for the proposal.On Oct. 20, developers of the popular decentralized exchange, or DEX, PancakeSwap proposed deploying its mainnet on layer-1 blockchain Aptos. Currently, PancakeSwap is based on BNB Chain and processes about $47 million worth of trading volume each day. However, its developers have introduced the DEX's first multichain migration proposal after the launch of Aptos on October 17.
Developers cite business development opportunities, protocol expansion and the technical capabilities of the Aptos chain as the main reasons for the proposal.On Oct. 20, developers of the popular decentralized exchange, or DEX, PancakeSwap proposed deploying its mainnet on layer-1 blockchain Aptos. Currently, PancakeSwap is based on BNB Chain and processes about $47 million worth of trading volume each day. However, its developers have introduced the DEX's first multichain migration proposal after the launch of Aptos on October 17.
💰 Binance Denies Allegations It Intends to Use Users' Uniswap Tokens for Voting
Crypto exchange Binance denied allegations of misusing its users’ token holdings to exercise voting power on the Uniswap decentralized autonomous organization (DAO).“Binance doesn’t vote with user’s tokens. In this case, there has been a misunderstanding of what happened during the transfer of a large balance of UNI (around 4.6 million) between wallets,” a Binance spokesperson told CoinDesk this morning.“We’re currently in discussions to improve the process to prevent any further misunderstandings from happening again,” they added. Separately, Binance pointed out in a Thursday tweet that its wallet had never voted on any Uniswap governance proposal.
Crypto exchange Binance denied allegations of misusing its users’ token holdings to exercise voting power on the Uniswap decentralized autonomous organization (DAO).“Binance doesn’t vote with user’s tokens. In this case, there has been a misunderstanding of what happened during the transfer of a large balance of UNI (around 4.6 million) between wallets,” a Binance spokesperson told CoinDesk this morning.“We’re currently in discussions to improve the process to prevent any further misunderstandings from happening again,” they added. Separately, Binance pointed out in a Thursday tweet that its wallet had never voted on any Uniswap governance proposal.