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    The Truth Behind the Alleged $56M CryptoPunk NFT Sale

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    The Truth Behind the Alleged M CryptoPunk NFT Sale


    CryptoPunk 1563 Transaction Raises Doubts

    CryptoPunk 1563 was sold this afternoon for 24,000 ETH, or $56.3 million, in what appeared to be a large transaction. However, several visible and concealed red flags arose, raising concerns about the sale’s legality.

    About $69,000 in ETH was paid in September for the purchase of CryptoPunk 1563. This raises questions as it is considered a “floor Punk,” meaning it usually sells near the entry-level price for the collection. With no rare attributes, there’s no reason to justify such an Extensive analysis of on-chain data indicates that the transaction was a component of a flash loan program. The purchase was made using flash loans, which are uncollateralized crypto loans that need to be paid back in one single transaction. The NFT buyer borrowed $24,000 in ETH from the DeFi protocol Balancer and paid it back in one transaction. Although the NFT did move between wallets, no actual money changed hands because the vendor repaid the loan. Only network fees were paid by the buyer.

    This is not the first time such an application of flash loans has occurred. Someone paid an astounding $532 million for a CryptoPunk in October 2021 using flash loans, only to return the money in the same transaction.  While the event made headlines during the NFT market boom, the sale wasn’t recognized as legitimate by CryptoPunks creator Larva Labs or other NFT data platforms.

    Source: CryptoPunk 

    There’s an unexpected twist in this case. According to the on-chain investigator 0xQuit, this latest flash loan could be tied to an upcoming meme coin called “Kamala Harris Punk.” The sale appears to be a stunt aimed at generating interest in the token’s pre-sale. The NFT in question is set to be sold to the highest bidder after a weeklong pre-sale phase. The developer seems to be betting on earning more through the combined NFT sale and token presale than the current floor price of the Punk, which is around $63,400 worth of ETH.

    While the goal is to raise interest and capital through the presale, this strategy could backfire. If the stunt fails to generate enough attention or bidders, it might end up being a costly gamble. The seller is hoping to recoup the amount raised in the presale through the final auction of the CryptoPunk, but there are no guarantees.

    Excluding today’s questionable sale, CryptoPunks have generated about $16.7 million in trading volume over the past 30 days, according to data from CryptoSlam. The highest legitimate purchase of a CryptoPunk occurred in February 2022, when one sold for nearly $24 million worth of ETH. That particular Punk was recently resold, though the exact amount remains undisclosed.



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    Beretta Unveils First NFT Collection to Celebrate 498th Anniversary – Cryptoflies News

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    Beretta Unveils First NFT Collection to Celebrate 498th Anniversary – Cryptoflies News


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    Beretta, the well-known Italian firearms manufacturer, is marking its 498th anniversary with the launch of its first-ever non-fungible token (NFT) collection. 

    Known as “W3bicons,” the collection features 20 AI-generated and 3D-modeled artworks, all inspired by one of Beretta’s most recognized products, the M9/92FS pistol. This iconic firearm has been a fixture in action films and video games over the years.

    The collection is divided into two categories: Luxury and Pop. The Luxury collection consists of 10 artworks, including pieces such as “Golden Marble” and “Glow Porcelain.” These pieces aim to highlight Beretta’s tradition of pushing boundaries and experimenting with new technologies. 

    On the other hand, the Pop collection, which includes works like “Graffiti Velvet” and “Oceanic Blaze,” draws inspiration from the pistol’s influence in movies and pop culture, where it has become a cinematic symbol.

    Carlo Gussalli Beretta, the company’s Digital Innovation Project Manager, described these artworks as representations of “the evolution of Beretta seen in an artistic perspective.”

    NFTs from the collection are available for purchase through a dedicated webpage. Each piece in the Luxury collection is priced at 3 ETH, approximately $7,140 at the time of writing, while pieces in the Pop collection are listed at 1 ETH, or about $2,380 each. 

    As an additional incentive, buyers of the NFTs will have the opportunity to receive an invitation to Beretta’s 500th anniversary celebration, which will take place in 2026. 

    This marks Beretta’s first foray into the world of NFTs, a move that the company says aligns with its long-standing commitment to innovation while honoring its deep-rooted history.



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    Beeple’s “Tree of Knowledge” Triptych: A Deep Dive Into Digital Art Mastery | NFT CULTURE | NFT News | Web3 Culture | NFTs & Crypto Art

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    Beeple’s “Tree of Knowledge” Triptych: A Deep Dive Into Digital Art Mastery | NFT CULTURE | NFT News | Web3 Culture | NFTs & Crypto Art


    Beeple, also known as Mike Winkelmann, has been at the forefront of the digital art revolution, bringing a blend of technology, dystopian satire, and artistic commentary to collectors worldwide. His latest release, “The Tree of Knowledge”, is a captivating triptych that explores a symbiotic relationship between technology and nature. This piece is part of a timed edition sale, ensuring exclusivity for those who engage with it during the limited 48-hour release window.

    The Tree of Knowledge: Concept and Medium

    Beeple’s “The Tree of Knowledge” is not just a print; it’s a reflection of the artist’s complex relationship with the digital world and reality. The triptych is based on Beeple’s debut generative artwork—a real-time, digital sculpture that responds to global events, cycling between three distinct states: signal, noise, and violence. Each of these states represents various interpretations of reality, and they invite the viewer to ponder on how technology influences perception.

    The static excerpts from these states have been masterfully translated into UV pigment prints by Make-Ready, a London-based printmaking studio. These prints are sealed with a satin varnish and are available on Somerset Tub Sized Radiant White paper, giving them both physical depth and a high-quality finish.

    What Makes This Piece Special

    Each of the three prints in the triptych has been carefully created to embody the distinct elements of the original generative sculpture. The symbolic use of signal, noise, and violence encapsulates the chaotic and fragmented nature of information in our digital age. Beeple’s personal touch is also present in the limited edition’s authentication, with each print being signed, dated (2024), and numbered by the artist himself.

    Beyond the art, the framing options further add to the aesthetic appeal. Buyers can choose between unframed pieces or opt for a black or white frame, both of which are painted with visible grain to enhance the print’s texture.

    Limited Edition Timed Release

    The triptych is offered as a time-limited edition, meaning its availability depends on the number of buyers within the 48-hour release window. Once this period ends, the edition size will be finalized, further cementing the exclusivity of the prints.

    The official release date is October 9, 2024, and free worldwide shipping is offered, with expected delivery between February 12-19, 2024. The packaging also reflects the high standards of Avant Arte, ensuring that each print arrives safely, whether framed or unframed, in a custom-made wooden box.

    Why Collectors Should Pay Attention

    Beeple’s rise to prominence—most notably with his landmark Everydays project that sold for $69.3 million at Christie’s in 2021—positions him as one of the most influential digital artists today. His works often delve into political satire, blending dystopian imagery with futuristic elements. The Tree of Knowledge represents another iteration of Beeple’s commitment to evolving the digital art landscape, offering both collectors and casual enthusiasts a piece of this historical moment.

    With this timed release, collectors have the opportunity to own a piece of artwork from an artist who is not only a pioneer in digital spaces but also someone who continues to challenge the norms of traditional and NFT art markets.

    TL;DR:

    Beeple’s The Tree of Knowledge is a time-limited edition print triptych exploring the intersection of technology and reality. This exclusive release, available for 48 hours starting October 9, 2024, reflects Beeple’s generative digital sculpture, with three prints representing signal, noise, and violence. Each print is signed, numbered, and available framed or unframed, offering collectors a unique addition to their art collection.

     



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    X Empire Reveals Airdrop Criteria and Launches New ‘Chill Phase’ Rewards

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    X Empire Reveals Airdrop Criteria and Launches New ‘Chill Phase’ Rewards


    X Empire has recently unveiled additional details about its airdrop and introduced a thrilling new phase for players. As the project nears completion of its token distribution, people who have helped build and test the game will be rewarded. Not only is 70% of the token supply earmarked for community distribution, but X Empire also has tacked on an additional 5% “Chill Phase” bonus. Here’s what you need to know about the X Empire criteria and the new opportunities for players before the launch of the token in October.

    Primary X Empire Criteria

    X Empire has verified that several basic contributions will form the basis of the first part of its airdrop. These primary factors will mainly concern the leading invitees—the number and quality of invited friends. Next up will be the profit per hour of the leading players, followed by the completed quests of these same primary invitees.

    The players who have brought in new, current members, increased their own earnings and completed additional in-game tasks this past season is on track to receive a bigger slice of the tokens when they are distributed. This should ensure that the most engaged players and community members get rewards for the time they have put into the game.

    Additional Factors

    Besides the basic elements, X Empire has added a group of secondary factors to assist in deciding how best to allocate the tokens. How many wallets an entity connects to, the volume of transactions it performs using the TON blockchain, and whether or not it uses Telegram Premium—all these things matter.

    While not mandatory, TON transactions—covering both donations and purchases—reflect your support for the project. These contributions have allowed X Empire to grow and expand. Anyone who participated in these activities could see an uptick in their token rewards.

    The New ‘Chill Phase’: An Additional 5% Allocation

    X Empire has reworked its tokenomics and brought in a new “Chill Phase,” with an extra 5% (34.5 billion $X tokens) allocated for the airdrop. The Chill Phase is a live competition for players, with all in-game characters fresh for a new start. It will run for only a few weeks, and both veterans and newbies will have the opportunity to battle for more airdrop rewards.

    Moreover, you don’t have to take part in the Chill Phase, and it won’t impact the 70% of tokens already allocated from the first phase. But for those who do participate, it’s not a bad chance to progress toward earning a share of the tokens still up for grabs. Veteran players can think of it as a chance to get in some seasoning and feel the thrill of progressing quickly. And newcomers to the game have a shot at making themselves relevant and earning some tokens.

    Curious about other opportunities? Be sure to check out the top TON airdrops for October to boost your rewards even further.

    Conclusion

    Thanks to the Chill Phase bonus, a total of 75% of the tokens have now been allocated for the airdrop. X Empire is in the final stage of preparations for its Token Generation Event (TGE). The listing is expected to take place in mid-October. While we don’t know the exact date yet, players should keep an eye out for developments regarding the TGE, which X Empire have said will be announced in the coming days.

    Editor’s note: Written with the assistance of AI – Edited and fact-checked by Jason Newey.

    Jason Newey

    Jason Newey is a seasoned journalist specializing in NFTs, the Metaverse, and Web3 technologies. With a background in digital media and blockchain technology, he adeptly translates complex concepts into engaging, informative articles.

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    Crypto.com Review 2024: Is It a Safe & Legit Exchange?

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    Crypto.com Review 2024: Is It a Safe & Legit Exchange?


    Crypto.com is recognized as one of the top cryptocurrency exchanges according to CoinMarketCap, thanks to its impressive trading volume, diverse features, and high liquidity. This platform provides many financial products, including a cryptocurrency exchange, DeFi services, and an NFT marketplace. In this Crypto.com review, you will learn the platform’s pros and cons, explore its various offerings, and find out whether it truly lives up to the hype.

    Key Takeaways:

    Crypto.com is a popular crypto exchange app that offers trading features such as spot, margin trading, and derivatives contracts.Crypto.com is best for users seeking instant crypto buy/sell options on the app, trading NFTs, and earning high staking rewards.The Crypto.com App charges competitive trading fees of 0.15%/0.3% (maker/taker) for spot trading and 0.02%/0.04% for futures trading.

    Crypto.com Review: At a glance

    Founded2016HeadquartersSingaporeTrading FeaturesCrypto buy/sell, derivatives, margin, NFT marketplace, Crypto.com Visa card, staking, DeFi swap, and moreFiat CurrenciesAUD, CAD, EUR, GBP, USD, USDC, BRLSupported AssetsOver 350 cryptocurrencies and 580 trading pairsNative TokenCronos (CRO)Trading Fees0.15% for maker and 0.3% for taker feesLeverageUp to 50x for derivatives and 5x for margin tradingSecurity Measures2FA, cold storage, insurance fund, regulatory compliance, ISO/IEC 27001:2013, and moreKYC MandatoryYesDeposit and Withdrawal MethodsCredit or Debit Card, Bank Transfer via SEPA, FPS, ACH, SWIFT, Apple Pay, Google Pay, and more third-party payment methodsLicensesFinCEN, ASIC, and other international authoritiesCustomer SupportEmail, live chat, and help centerMobile AppBoth iOS and Android

    What is Crypto.com?

    Crypto.com is a comprehensive crypto platform designed for trading cryptocurrencies. It supports over 350 assets and offers multiple trading markets, including spot, margin, and crypto derivatives contracts. 

    You can leverage up to 5x on margin trades and 50x on futures contracts. The platform features more than 580 trading pairs, including popular ones like BTC/USDT and ETH/CRO, enabling a wide range of transactions between various cryptocurrencies.

    The exchange emphasizes security, holding the highest security certifications in the industry, such as ISO/IEC 27001:2013, and offering multi-factor authentication (MFA) and insurance on assets held in cold storage. It also has the Crypto.com App, which has over 100 million users globally. To start trading, you must complete a registration process with KYC verification.

    Crypto.com Exchange offers competitive fees, starting at 0.15% per trade, with discounts available for high-volume traders and those staking CRO, the platform’s native token. It is also the best crypto staking platform with APYs up to 20% on crypto holdings. Available globally, it is accessible via desktop and mobile apps, making it suitable for both beginner and advanced traders.

    Crypto.com Pros

    It supports more than 350 different digital assets for tradingEarn up to 20% APY on staked cryptocurrenciesCold storage for 100% of user assets and has an insurance policyIt offers a complete ecosystem, including DeFi services, an NFT marketplace, and the ability to earn rewardsCrypto.com Visa cardholders can earn cashback in CRO tokens​Trading bots for automated trading strategies

    Crypto.com Cons

    Higher trading and withdrawal fees compared to exchanges like Binance and BybitSome features, such as margin trading, are unavailable to U.S. residents​Lower leverage in the derivatives market compared to competitors

    Cryptocurrencies Available on Crypto.com

    Crypto.com offers about 350 cryptocurrencies and around 580 trading pairs. This range includes popular coins like BTC, ETH, and XRP, as well as stablecoins such as Tether (USDT) and USD Coin (USDC). The platform also supports many new and niche tokens.

    You can find various crypto-to-stablecoin pairs, such as BTC/USDT, ETH/USDC, and XRP/USDT and crypto-to-crypto pairs, including BTC/ETH and DOT/BTC, providing flexibility for portfolio management.

    For those exploring niche markets, Crypto.com offers tokens in specific sectors. This includes NFT tokens, metaverse coins for virtual worlds, and Real World Assets (RWAs) that connect traditional finance and blockchain. Plus, You can discover various DeFi tokens and tokens related to smart contracts like APT and SOL.

    Crypto.com Features Review

    Crypto.com App

    The Crypto.com App is a mobile app available for both Android and iOS devices. It is a central tool for managing cryptocurrency. It allows you to trade all popular digital assets like BTC, SOL, MATIC, ADA, and ETH. 

    Purchases can be made using a linked bank account, debit, or credit card. The app also supports recurring buys, enabling you to automate cryptocurrency purchases at regular intervals. 

    Additional features include a fiat wallet for easy conversion between fiat currency and crypto and a price track function that helps you monitor market prices with real-time alerts. The app is also ideal for anyone looking to manage a diverse portfolio while also using crypto for payments and investments.

    Crypto.com App

    Derivatives and Margin Trading

    For those interested in trading with advanced tools, derivatives, and margin trading are available on the Crypto.com Exchange.

    Derivatives trading allows you to trade perpetual contracts with up to 50x leverage for BTC and ETH and 20x leverage for lower-cap altcoins like SOL, ADA, and CRO. Margin trading is available with up to 5x leverage. It helps you trade by borrowing funds from the platform. 

    These tools come with high risk but can amplify returns for seasoned traders. The exchange also offers a variety of other order types, such as stop-loss, take-profit, and OCO limit orders to enhance trading strategies.

    NFT Marketplace

    Crypto.com NFTs are another important feature for traders. You can purchase, sell, and trade non-fungible tokens (NFTs) directly on the site. 

    You can find a diverse selection of digital art from well-known artists and brands. The marketplace also works with Crypto.com Pay. This means you can buy NFTs using cryptocurrencies such as CRO, Bitcoin, and Ethereum. 

    Additionally, NFTs can be maintained using the Crypto.com DeFi Wallet. This provides flexibility for users who participate in both the DeFi and digital art ecosystems.

    Crypto.com NFT Marketplace

    Crypto.com Card

    The Crypto.com Visa Card offers a way to spend crypto in the real world. This prepaid card allows you to convert and spend cryptocurrency at over 60 million merchants worldwide that accept Visa. 

    Cashback rewards, known as CRO rebates, are offered on every purchase, with up to 5% back for users who stake CRO. The card also includes perks like airport lounge access, which scales based on the amount of CRO staked. This makes it an attractive option for those looking to seamlessly integrate cryptocurrency into their daily expenses.

    The Crypto.com card comes in different forms with variable reward tiers and benefits. Check the given image below.

    Crypto.com Card

    DeFi Wallet

    The Crypto.com DeFi Wallet is a non-custodial crypto wallet. It gives you full control over your cryptocurrency. Unlike the Crypto.com App, which manages your assets for you, the DeFi Wallet lets you hold your own private keys. This means you can securely manage your assets in a decentralized way, without relying on a central authority.

    You can use the wallet for various decentralized finance (DeFi) activities like staking, swapping tokens, and lending across multiple blockchains. You can even swap tokens between different networks (cross-chain swaps), which makes managing multiple crypto assets easier.

    Recently, the DeFi Wallet also added leveraged perpetual contracts. This feature lets you trade with up to 100x leverage, directly within the app.

    Crypto.com Fees

    Crypto.com offers competitive rates, especially for high-volume traders and those staking CRO tokens. On the exchange, trading fees begin at 0.15% maker and 0.3% taker fee per transaction, and users who stake CRO are eligible for additional savings. For the futures market, it charges 0.02% maker and 0.04% taker fees. 

    Here is a quick overview of Crypto.com spot trading fees for high-volume traders:

    Level30-Day Spot Trading Volume (USD)Maker FeeTaker FeeLevel 1Less than $50,0000.1500%0.3000%Level 2$50,000 and above0.1000%0.2500%Level 3$250,000 and above0.0800%0.2000%Level 4$500,000 and above0.0700%0.1000%Level 5$1,000,000 and above0.0650%0.0690%Level 6$5,000,000 and above0.0600%0.0650%Level 7$10,000,000 and above0.0000%0.0500%

    When transferring assets within the app ecosystem or depositing cryptocurrency, Crypto.com does not impose fees. When moving funds to external wallets, withdrawal fees do apply and they differ according to the coin and blockchain network. 

    For instance, the 0.0005 BTC cost for BTC withdrawals on the Bitcoin network can be high in comparison to certain other exchanges. Check the full Crypto.com fee details here.

    Crypto.com Security Review: Is It Safe & Legit?

    Crypto.com has taken stringent security measures to safeguard its users’ funds and data. A key component of their strategy is to keep all user digital currencies in cold storage, greatly reducing the danger of hacking. 

    Crypto.com also employs cutting-edge technology, such as hardware security modules (HSMs) and multi-signature keys. This means that even if one layer of security is breached, additional safeguards are in place to protect funds. Furthermore, the app has a $150 million insurance coverage that covers losses from theft, physical damage, and even certain third-party risks.

    It also takes additional precautions with user accounts by offering two-factor authentication (2FA). The platform also incorporates real-time threat monitoring, continuously scanning for suspicious activities and potential vulnerabilities. 

    On the regulatory side, Crypto.com operates under multiple international licenses. In the United States, it is regulated by FinCEN (Financial Crimes Enforcement Network), and it holds licenses such as:

    Dubai Virtual Assets Regulatory AuthorityElectronic Money Institution (EMI) license in EuropeAustralian Financial Services License (AFSL)Class 3 VFA license by Malta Financial Services Authority (MFSA)Digital Asset Service Provider in France

    Customer Service and Trading Experience

    The customer service is generally supportive and helpful. Support is available through email, live chat, and a help center. You can find answers to common questions in the help center. This makes it easy to solve simple issues quickly.

    The trading experience on Crypto.com is also user-friendly. The app is easy to navigate. The layout is customizable and the platform offers features like spot trading and margin trading. Crypto.com also receives positive reviews from customers, with a 4.4/5 rating on the Play Store and a 4.6/5 rating on the App Store.

    How to Open a Crypto.com Account

    Download the app and create an account: Check out the Apple App Store or Google Play Store. Download “Crypto.com” by searching for it. Select “Sign Up”. You’ll have to set a strong password and enter your email address.Complete the KYC: You now have to prove who you are. Enter your address, name, and birthdate. In addition, you must provide a selfie for verification along with an identity document, such as a passport or driver’s license.Deposit cryptocurrency or fiat currency: To fund your Crypto.com wallet, link your bank account or use a debit or credit card. Additionally, you can deposit cryptocurrency from other exchanges like OKX or Bybit.Start Trading Crypto: You can start trading cryptocurrencies as soon as your account has been funded and established. You can also explore variables like market trends and price charts to get more information before making a trade.

    Watch detailed tutorial: Crypto.com Tutorial | Full Beginners Guide on How To Set Everything Up!

    Crypto.com vs. Other Crypto Exchanges

    Binance, Coinbase, and Bybit are the three top alternatives to the Crypto.com exchange. Here is a quick comparison:

    FeatureCrypto.comCoinbaseBinanceBybitBest ForBuy/sell and crypto rewardsThe U.S. TradersHigh-volume crypto tradersDerivatives and day tradersSupported Coins350+240+400+1200+Trading Fees (maker/taker)0.15%/0.3%0.4%/0.6%0.1%0.10%Trading VolumeAverageHighVery HighHighLeverage TradingYesLimited (only in select regions)YesYesMaximum Leverage50xUp to 5x125x100xU.S. AvailabilityLimited (not available in New York)Available in all statesSeparate Binance.us platformNot available

    Conclusion: Crypto.com Exchange Review

    In a nutshell, this Crypto.com review reveals a platform that stands out for its robust security features, advanced features, and user-friendly design. With support for over 350 cryptocurrencies and a commitment to regulatory compliance, Crypto.com is well-suited for both novice and experienced traders. 

    While there are some drawbacks, such as higher fees compared to competitors, the overall value it provides makes it a worthy consideration for anyone looking to engage in cryptocurrency trading.

    FAQs

    Is Crypto.com available in New York?

    No, Crypto.com is not accessible in New York. It is the only state in the US where residents are unable to use the platform. The best crypto exchanges in New York are Coinbase and Gemini.

    Who is Crypto.com good for?

    Crypto.com is a good choice for traders who value security and regulatory compliance. The platform is licensed and offers high security for users. It is also suitable for NFT traders who want to buy and sell digital art and collectibles easily. Those interested in earning rewards can also benefit from staking. 

    Additionally, people who want to use cryptocurrency for daily transactions will find Crypto.com convenient, especially with the Crypto.com Visa card.

    What are the benefits of CRO tokens?

    CRO tokens provide several advantages for users. One main benefit is the ability to earn staking rewards, which allows holders to earn interest on their tokens. 

    Another advantage is that CRO tokens can be used to pay transaction fees on the Crypto.com platform, often at a lower rate than using other cryptocurrencies. Plus, users can access exclusive rewards and benefits when they hold CRO, such as higher cashback rewards on the Crypto.com Visa card. The token can also be traded on various exchanges, giving it good liquidity.



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    Lamborghini and Animoca Brands to Launch Web3 Hub for Digital Car Collectibles – Cryptoflies News

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    Lamborghini and Animoca Brands to Launch Web3 Hub for Digital Car Collectibles – Cryptoflies News


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    Lamborghini and Animoca Brands have provided more details about their collaboration announced in August. The two companies will work together to launch a Web3 platform called “Fast ForWorld.” 

    The platform, designed and developed by Gravitaslabs, will be Lamborghini’s central hub for digital engagement and Web3 initiatives. 

    It will allow users to play, interact, and collect digital car collectibles. These activities will come with rewards for user participation. Additionally, the platform will include a 3D wallet where users will be able to store their digital car collectibles.

    As part of the project, Lamborghini will team up with Motorverse, a global ecosystem of racing games and motorsport culture created by Animoca Brands. This collaboration will be key to the release of the first gaming experience that includes interoperable digital car collectibles.

    “Fast ForWorld” is scheduled to go live on November 7, 2024. To gain access, users will need to secure Lamborghini’s first-ever digital super sports car, the Revuelto. This digital car will be available globally during the platform’s launch month.

    In the future, users will also be able to use their Lamborghini digital car collectibles across various Motorverse games. This feature aims to expand the collectibles’ utility beyond a single platform.

    This isn’t Lamborghini’s first step into the Web3 space. The company began exploring the sector in 2022 with the launch of its “Space Time Memory” non-fungible token (NFT) project, which featured five images of a Lamborghini Ultimae heading toward the stars, honoring human space exploration. 

    Other Web3 ventures by Lamborghini include an online auction of the Lamborghini Aventador Ultimae paired with an exclusive NFT, a long-running NFT initiative called the “Epic Road Trip,” which culminated with the brand’s 60th anniversary, and a partnership with digital collectible platform VeVe to release popular Lamborghini models as NFTs.



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    WINK LEGACY: How to Earn Rewards While You Play!

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    WINK LEGACY: How to Earn Rewards While You Play!


    WINK LEGACY is an immersive Telegram game that transports players to a parallel universe, where they can explore, colonize, and build. The game combines gameplay and plot, allowing players to gather resources and use them to establish colonies. Players will embark on adventures to discover uncharted worlds and boundless opportunities. The Base serves as the central hub, providing access to essential tools such as the Tap-refiner and the Starship.

    In WINK LEGACY, players explore planets to extract valuable resources needed to establish colonies. The unique assets found on these planets help players to strengthen their empire. As players build structures and upgrade their empire, they not only expand it but also improve their ability to gather resources from the game world. This combination of exploration and resource management keeps the game immersive and dynamic.

    Earning Mechanisms and Rewards

    WINK LEGACY offers numerous opportunities to earn rewards as you explore new worlds and develop your colonies. Gathering resources is a key aspect of the game, as these can be used to enhance your empire. Top explorers receive special prizes, and they can earn additional rewards by inviting friends to join them on their adventures.

    Owning WINK DISCOVER NFTs comes with several benefits. Firstly, it provides daily access to extra Stardust, the main in-game currency. Additionally, these NFTs offer bonuses upon completing specific tasks in the game. Moreover, inviting friends to join you on Telegram can earn you bonuses in Refined Stardust, which is crucial for your upgrades. The diverse ways to earn rewards keep the game engaging and offer multiple paths to success.

    Advanced Gameplay Strategies

    For those who want to maximize their gaming experience, WINK LEGACY offers a few advanced strategies. The first one is the Simulator, where players can test their skills and win prizes. The simulator allows players to improve their skills and better understand the game’s mechanics. Another important strategy is to upgrade the Mothership, which provides an automatic boost to the extraction rate of every structure. This gives players an even greater advantage over their competitors.

    In the WINK universe, players aren’t merely gathering resources; they’re pioneering a new way to extract and refine them. The core tools needed for equipment upgrades is made by compressing Raw Stardust into the CORE in the Refinery. Players can greatly enhance their colony’s efficiency and resource collection through the adept management of resource gathering.

    To stay updated, players can review the WINK ecosystem overview. This provides them with an insight into the game’s universe and its internal operations. Upon logging in, players can access a personalized feed of videos tailored to their specific interests. These videos assist players in learning about the latest strategies and tips, keeping them one step ahead of their competition.

    WINK Finance Ecosystem

    The WINK Finance ecosystem is central to the game’s economy, allowing players to earn, trade, and invest. The in-game currency, Stardust, is at the core of the game’s economy. Players can collect Stardust while exploring the game’s worlds, building colonies, and completing various quests.

    The economy is not limited to Stardust; it also includes NFT trading. In the WINK DISCOVER economy, players can create, buy, sell, and trade real assets with actual gameplay value. These NFTs not only enhance the game but also offer daily incentives and exclusive items.

    Furthermore, participants are able to create passive income streams by staking the WINK universe’s two main assets: Stardust, the in-game currency, and NFTs. Ongoing rewards motivate players to maintain a long-term connection to the WINK universe. The blockchain technology that underpins the WINK Finance ecosystem guarantees that every transaction is both secure and transparent, creating an environment where players can trust their trades and the ownership of in-game assets.

    In addition, players have the opportunity to participate in staking and yield farming, which enables them to generate passive income by staking Stardust or NFTs. This feature offers continuous rewards, motivating long-term involvement in the WINK universe. Utilizing blockchain technology, the WINK Finance ecosystem ensures secure and transparent transactions, establishing a trustworthy environment for all trades and ownership.

    The ecosystem’s decentralized governance empowers active players to shape the future of WINK’s economic policies, creating a community-driven universe. By integrating finance, strategy, and gameplay, the WINK LEGACY mission offers a rewarding experience for all players. The governance of the WINK Finance ecosystem is decentralized, allowing active players to influence the game’s economy operations.

    Conclusion

    WINK LEGACY is an immersive game that allows you to explore new worlds and build an empire in space. More than that, it offers a great opportunity to get involved in the finance and economics of a virtual universe. As WINK LEGACY progresses, each action in the game not only allows players to earn rewards closer to WINK Finance, but also strengthens your interstellar empire. Whether it’s trading NFTs or buying assets in planets, moons, or asteroids, you’ll have plenty of great ways to earn rewards as you take part in WINK LEGACY.

    Editor’s note: This article was written with the assistance of AI. Edited and fact-checked by Owen Skelton.

    Owen Skelton

    Owen Skelton is an experienced journalist and editor with a passion for delivering insightful and engaging content. As Editor-in-Chief, he leads a talented team of writers and editors to create compelling stories that inform and inspire.

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    Unioverse Expands Ecosystem With N-Fusion Interactive Partnership

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    Unioverse Expands Ecosystem With N-Fusion Interactive Partnership


    A partnership has formed between Unioverse, a Web3 gaming platform, and N-Fusion Interactive, a seasoned game development studio. This partnership intends to speed up the creation of new games within the Unioverse ecosystem and provide new opportunities for people to interact with blockchain-based game experiences.

    N-Fusion Joins Unioverse’s Development Team

    Created by Random Games, Unioverse has created a community-owned, decentralized model where video game developers can contribute to the platform without paying the usual royalties. With a traditional Web2 gaming experience and a Web3 vision, N-Fusion has joined the party to enhance the Unioverse gaming experience.

    Founded in 1997, New Jersey-based N-Fusion Interactive has been deep in the game development business for over 27 years. It has lots of experience in developing games, not just for consoles like Nintendo, Xbox and PlayStation, but also for mobile and PC. These years of experience have seen N-Fusion pick up numerous awards across a range of gaming platforms.

    Eric Peterson, Chief Creative Officer of Unioverse, praised the collaboration: “We are proud to be partnering with such high-quality developers like N-Fusion, who have a distinguished catalogue of producing stellar video games.”

    With N-Fusion joining the development team behind Unioverse, it brings a wealth of expertise to this partnership. N-Fusion is known for rebooting hit franchises such as the popular Deadly Dozen. Furthermore, they bring years of experience working with powerful engines like Unreal and Unity alongside their custom engines.

    N-Fusion CEO Jeff Birns shared his excitement: “N-Fusion are thrilled to be collaborating with Random Games on the groundbreaking Unioverse project. We look forward to bringing this universe to life together.”

    Strengthening the Unioverse Ecosystem

    The Unioverse community, which has grown to over 250,000 members, stands to gain from these developments. As more AAA-quality games join the platform, where players can utilize the $UNIO token to unlock exclusive content and gaming experiences, further enhancing their interaction with the growing Unioverse ecosystem.

    Overall, as the Unioverse ecosystem keeps on growing, bringing on board this N-Fusion team promises new and exciting games that push new limits of what Web3 gaming can offer.

    Editor’s note: Written with the assistance of AI – Edited and fact-checked by Jason Newey.

    Jason Newey

    Jason Newey is a seasoned journalist specializing in NFTs, the Metaverse, and Web3 technologies. With a background in digital media and blockchain technology, he adeptly translates complex concepts into engaging, informative articles.

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    Indonesia’s National Postal Service Releases NFT Stamps for the First Time – Cryptoflies News

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    Indonesia’s National Postal Service Releases NFT Stamps for the First Time – Cryptoflies News


    5

    Pos Indonesia has announced the release of its first non-fungible token (NFT) stamp series to mark the 278th Postal Bhakti Day. 

    The news, shared via an Instagram post on September 29, introduces stamps featuring the Cenderawasih bird, an endemic species native to Papua island that holds cultural significance for the indigenous people of Papua.

    The stamps will be available in both physical and NFT formats, sold in limited quantities. Each stamp costs 150,000 rupiah (around $10). 

    The physical version will come in booklet form, with a QR code included. Scanning the code directs buyers to the Ciphers.me marketplace, where they can claim the NFT version of the stamp.

    Pos Indonesia isn’t the first postal service to adopt NFT technology for stamp innovation. Just last week, An Post, the Irish postal service, launched its own NFT-linked stamps, which celebrate Irish heritage while integrating modern technology. 

    In recent months, other postal services have also explored NFTs. Guernsey Post, Belgian Post Group, and Deutsche Post in Germany have all released NFT stamps. 

    In May, Ghana Post introduced commemorative stamps linked to NFTs, marking the 25th coronation anniversary of Otumfuo Osei Tutu II and acknowledging his contribution to Ghana’s development.



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    How to Buy Bitcoin (BTC): The Beginner’s Guide 2024

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    How to Buy Bitcoin (BTC): The Beginner’s Guide 2024


    Buying Bitcoin can seem overwhelming at first, but it is easier than you might think. With the rise of digital currencies, many people want to know how to buy Bitcoin and invest in this exciting market. 

    This guide will walk you through the steps you need to follow, from choosing the right platform to understanding how to store your Bitcoin safely.

    Key Takeaways:

    You can buy Bitcoin using popular crypto exchanges like Binance, Coinbase, and OKX, as well as payment methods such as credit cards, PayPal, and Bitcoin ATMs for easy transactions.Buying Bitcoin involves selecting a crypto platform, creating an account, depositing funds, placing an order, and finally purchasing BTC using market or limit orders.You can store Bitcoin safely using hardware wallets for offline security, software wallets for ease of access, and paper wallets for long-term storage.

    How to Buy Bitcoin: Step-by-Step Guide

    Buying Bitcoin may seem tricky at first, but it’s quite simple once you know the steps. Let’s walk through the process:

    Step 1: Choose a Crypto Exchange or Trading Platform

    There are many crypto exchanges and apps out there, each with its own trading features. Some popular ones include Binance, Bybit, MEXC, OKX, and Coinbase. 

    When picking an exchange, consider factors like fees, security, supported cryptocurrencies, and whether it’s legal in your country. It’s like choosing a bank – you want one that’s trustworthy and meets your needs.

    Also, ensure that the crypto trading platform accepts the payment methods that you want. Some allow you to use credit cards, while others may only support bank transfers. Also, search for an exchange with an easy-to-use interface and responsive customer service. If you still need more assistance, you can check our detailed guide on the best crypto exchanges in the world.

    Step 2: Create an Account and Deposit Fiat or Crypto

    Once you’ve chosen an exchange, it’s time to set up your account. This process is similar to opening a new bank account. You’ll need to provide some personal information and verify your identity. This is called the KYC procedure. This step is important to follow anti-money laundering rules.

    After your account is set up, you’ll need to add money to it. This is called making a deposit. You can usually do this with regular money (also called fiat currency) like USD, EUR, INR, or GBP. The crypto exchanges also let you deposit other cryptocurrencies if you already have them on another crypto wallet.

    Usually, you’ll need to utilize a credit card or link a bank account to make a fiat deposit. You can also use third-party payment providers like MoonPay, Simplex, Banxa, Google Pay, Apple Pay, and more. 

    Remember, each exchange has its own rules about minimum deposit amounts and fees. Make sure you understand these before you start. It’s always wise to start with a small amount until you’re comfortable with how everything works.

    Step 3: Place a Buy BTC Order

    Once your account has funds in it, you can place an order to buy Bitcoin (often abbreviated as BTC).

    There are usually two main ways to buy:

    Market Order: This is like saying, “I want to buy Bitcoin right now at whatever the current price is”. It’s quick and simple, but the price might change slightly between when you click “buy” and when the order goes through. This is generally called price slippage and is very little or often negligible. It depends on exchange liquidity and trading volume.Limit Order: This is more like saying, “I want to buy Bitcoin, but only if the price reaches X amount”. You set the price you’re willing to pay, and the order will only go through if Bitcoin reaches that price. This can be useful if you’re trying to get a specific deal, but it might take longer or not happen at all if the price doesn’t reach your set amount.

    When you’re ready to buy, you’ll need to figure out how much Bitcoin you want. You do not have to buy an entire Bitcoin; you can purchase parts of one. For example, you can choose to buy $100 worth of Bitcoin, regardless of how many Bitcoins you receive.

    Once you’ve made these options, double-check everything and finalize your purchase. The exchange will process your order, and you will shortly become a Bitcoin owner.

    Step 4: Transfer Bitcoin to an External Wallet

    After buying Bitcoin, it is highly suggested that you transfer it to an external Bitcoin wallet. Keeping your Bitcoin on an exchange exposes it to possible threats like hacking or platform failure. An external wallet provides increased protection for your Bitcoin and gives you complete control over your assets. 

    There are several sorts of wallets accessible, including hardware wallets, software wallets, and paper wallets. To send Bitcoin, you’ll only need the Bitcoin deposit address from your external wallet.

    How to Buy Bitcoin (BTC) with PayPal

    Currently, PayPal allows certain users, specifically those with PayPal Balance accounts and eligible business account holders, to buy cryptocurrency, including Bitcoin. 

    To purchase Bitcoin through PayPal, you will need to follow these simple steps on the PayPal mobile app.

    Step 1: First, open the app and go to the “Accounts” section. From there, select “Crypto”. This will take you to the cryptocurrency section, where you can start your Bitcoin purchase.

    Step 2: Next, tap on “Buy” to initiate the transaction. You’ll then be prompted to choose the amount of Bitcoin you wish to purchase. PayPal gives you several options regarding the frequency of your purchase. You can decide if you want it to be a one-time transaction or if you’d prefer recurring purchases. 

    The frequency options include daily, weekly, biweekly, or monthly purchases. If you’re not looking for a recurring purchase, it will default to a one-time buy.

    Step 3: Once you’ve selected the amount and frequency, you’ll be asked to choose a starting date for your transaction. After doing that, tap “Confirm” to proceed to the next step. At this point, you’ll be shown a summary of your order, where you can review all the details. If everything looks correct, tap “Next” to move forward.

    Step 4: After confirming your order, you’ll need to select your payment method. PayPal allows you to use the payment options linked to your account, such as your bank account or credit card. Once you’ve chosen the preferred method of payment, tap “Next” to authorize the transaction.

    Step 5: Finally, you’ll be asked to confirm and schedule the purchase. Tap “Authorize and Schedule”, and the transaction will be finalized. If you opt for a one-time purchase, your Bitcoin will be purchased immediately. If you selected a recurring option, the app will schedule future purchases according to the frequency you chose.

    Note: Many cryptocurrency exchanges like Binance, OKX, and Bybit also allow you to buy Bitcoin using PayPal through their P2P marketplace.

    How To Buy Bitcoin With a Credit Card

    Many cryptocurrency exchanges allow users to purchase Bitcoin using credit cards. This option provides ease of use, as most people are familiar with credit card payments.

    The process is straightforward. First, make sure the exchange accepts credit card payments. Binance and KuCoin are the two most popular platforms. Then, enter your credit card details and link them to the exchange, deposit funds into your exchange account, and place a buy order for Bitcoin.

    Be aware that using a credit card to buy Bitcoin often incurs higher fees compared to bank transfers or other forms of payment. Some platforms might charge a percentage of the transaction amount as a fee.

    Different Ways to Buy Bitcoin (BTC)

    Buying Using Bitcoin ATMs

    Bitcoin ATMs offer a straightforward method to purchase Bitcoin using cash or, in some cases, a debit card. While these machines function similarly to traditional ATMs, the process is somewhat different. 

    Buying Using Bitcoin ATMs

    Here’s a detailed guide on how to navigate a crypto ATM effectively.

    Step 1: Found a Bitcoin ATM in a Nearby Area

    Your first task is to find a Bitcoin ATM. Websites like CoinATMRadar can be helpful. Ensure that you check the transaction fees and limits beforehand, as these can vary by machine. 

    Step 2: Set Up Your Wallet

    Before making a purchase, you need a crypto wallet capable of receiving Bitcoin. This could be a software or hardware wallet, depending on your preference for security. Have your wallet’s QR code or public key accessible, as the machine will need this information to transfer your Bitcoin.

    Step 3: Input Your Purchase Amount

    Select the “Buy Bitcoin” option and specify the cash amount you wish to convert into Bitcoin. The ATM will display the current exchange rate and applicable transaction fees, allowing you to review the total cost before proceeding.

    Step 4: Scan Your Wallet Address

    The next step involves scanning your wallet’s QR code using the ATM’s scanner. This step ensures the Bitcoin is sent directly to your wallet. Double-check the wallet address for accuracy, as Bitcoin transactions are irreversible.

    Step 5: Insert Cash

    With your wallet address confirmed, proceed to insert cash into the machine. It automatically converts the cash into Bitcoin based on the prevailing exchange rate. Be aware that transaction fees for Bitcoin ATMs can be significant, often ranging from 5% to 10%, which is much higher than online exchanges.

    Step 6: Confirm Your Transaction

    After cash insertion, finalize your purchase by pressing the “Buy” or “Confirm” button. The machine will process the transaction, which may take several minutes to complete due to the Bitcoin network’s congestion.

    Step 7: Verify Receipt in Your Wallet

    Once the transaction is processed, the purchased Bitcoin will be sent to your wallet. Depending on network activity, it might take some time for the coins to appear. After confirming that the transaction is complete, store your Bitcoin securely in your wallet.

    Buy Bitcoin on Cryptocurrency Exchanges

    Cryptocurrency exchanges are the most common platforms used to buy Bitcoin. However, not all exchanges function the same way. You can purchase Bitcoin on centralized exchanges, peer-to-peer (P2P) platforms, decentralized exchanges (DEXes), and even through mainstream brokerages.

    Centralized Exchanges

    Centralized exchanges (CEXs) like Binance, Coinbase, OKX, KuCoin, Bybit, and Kraken are popular choices for purchasing Bitcoin. 

    These platforms act as intermediaries, providing you with a user-friendly interface and advanced security features. Although convenient, they require you to trust the platform with your funds and personal data. This means they are the custodial crypto platforms.

    Peer-to-Peer (P2P) Platforms

    P2P platforms, such as Paxful, mean buying Bitcoin person-to-person without any middleman. These platforms act as facilitators but don’t control the transaction. 

    You and the seller agree on terms, and the transaction is processed without intermediaries. P2P platforms offer greater privacy but may require more caution due to the direct interaction with other individuals. This entire P2P process is based on the “Escrow” system.

    Decentralized Exchanges (DEXes)

    On decentralized exchanges like Uniswap or PancakeSwap, you can buy Bitcoin without a centralized authority. DEXes operate on smart contracts and allow for direct trading between you and another party. 

    These exchanges provide higher privacy and reduce the risk of hacking, but they can be more complex to navigate, especially if you are a beginner.

    Mainstream Brokerages

    Mainstream brokerages, like Robinhood or eToro, have also integrated Bitcoin trading into their platforms. While they don’t offer the same range of cryptocurrency features as specialized exchanges, they provide an easy way for those familiar with traditional investing to enter the Bitcoin market. However, many of these platforms limit your ability to withdraw Bitcoin to external wallets.

    How to Store Bitcoin

    After buying Bitcoin, ensuring its safe storage is essential. Various storage methods are available, each providing different levels of security and ease of access.

    Hardware Wallets: Among the safest ways to store Bitcoin are hardware Bitcoin wallets or cold wallets. These devices securely store your private keys offline. Well-known examples include Ledger Nano X and Trezor Safe 5, making them suitable for long-term holders of Bitcoin.Software Wallets: Software wallets, often referred to as hot wallets, are applications that can be installed on your computer or smartphone. They offer greater convenience but are somewhat less secure than hardware wallets, as they are connected to the internet. Many cryptocurrency exchanges provide built-in software wallets, yet using an independent non-custodial wallet like MetaMask or Trust Wallet is generally a safer choice.Paper Wallets: Paper wallets consist of printed documents that contain your public and private keys. While they are highly secure against online threats, they can be vulnerable to physical damage or loss. These wallets are best suited for long-term storage but require careful management to prevent mishaps. You can generate paper wallets using software programs like BitAddress.

    How to Sell Bitcoin

    Selling Bitcoin is similar to the process of buying it. To sell, you’ll need to transfer your Bitcoin to an exchange that allows selling. Most of the major exchanges support both buying and selling functions.

    Once your Bitcoin is on the exchange, you can place a sell order. You have two options: a market order or a limit order, just like when buying Bitcoin. A market order allows you to sell Bitcoin instantly at the current price, while a limit order allows you to set the price at which you want to sell.

    After the sale is complete, you can withdraw the funds in your local currency. This can be done through bank transfers or other supported withdrawal methods.

    Conclusion

    To sum up, knowing how to buy Bitcoin is important for anyone wanting to invest in cryptocurrency. You can easily purchase Bitcoin by following the steps in this guide and choosing the right platform. 

    There are many ways to buy Bitcoin, like using credit cards, bank transfers, or PayPal, so you can find what works best for you. It’s also essential to know how to keep your Bitcoin safe after buying. Hardware wallets offer the best protection, while software wallets are easier for quick access. 

    FAQs

    What is Bitcoin?

    Bitcoin (BTC) is a decentralized digital currency that allows peer-to-peer transactions without the need for intermediaries, such as banks. It operates on a public ledger called the blockchain.

    Who created Bitcoin?

    Bitcoin was created in 2008 by an anonymous person or group using the pseudonym Satoshi Nakamoto.

    How does Bitcoin work?

    Bitcoin is a digital currency that functions through a technology called blockchain. This is a public record that keeps track of every transaction made with Bitcoin, ensuring everyone can see it while keeping users anonymous. When you send Bitcoin, your transaction is shared with the entire network of users.

    To confirm the transaction, special users called miners use powerful computers to solve complex problems. Once they solve these problems, the transaction is approved and added to a block of other transactions. This block then connects to previous blocks, forming a chain—hence the term “blockchain”.

    Bitcoins are created through mining, where miners are rewarded with new coins for their efforts. This process also helps protect the Bitcoin blockchain or network from fraud. By combining blockchain technology and mining, Bitcoin operates without needing a central authority, making it a decentralized currency.

    How much Bitcoin should I buy?

    When considering how much Bitcoin to invest in, it is wise to begin with a modest amount. Many financial experts recommend that investors allocate 5% to 30% of their total investment funds to cryptocurrencies like Bitcoin. For instance, if you have $1,000 set aside for investment, starting with $50 to $300 can be a sensible approach, depending on your comfort with risk.

    How much is one Bitcoin worth?

    Bitcoin is valued at around $65,473.98, but this figure can change rapidly. To obtain the most accurate and current price, it’s advisable to check CoinMarketCap.

    Is Bitcoin a good investment?

    Investing in Bitcoin can offer high returns, but it also involves significant risks due to its price volatility. Historically, Bitcoin has demonstrated strong long-term growth potential; however, its short-term price can vary dramatically. 

    How many Bitcoins are there?

    The total supply of Bitcoin is capped at 21 million coins. Currently, most of these (over 19.76 million) have been mined, and the rest will be gradually released through mining rewards.

    Is Bitcoin legal?

    Yes, Bitcoin is legal in most countries. In the United States, it is treated as a form of property rather than currency. This means that transactions involving Bitcoin are subject to capital gains tax, similar to other assets.



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