Facebook Instagram Twitter Youtube
    Latest

    Arts

    Home Arts Page 159

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

    By
    Metaverse Fashion Week Online
    -
    0
    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.



    Source link

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

    By
    Metaverse Fashion Week Online
    -
    0
    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.



    Source link

    CryptoKitties Are Back! Discover the New Game That’s Taking Over Telegram!

    By
    Metaverse Fashion Week Online
    -
    0
    CryptoKitties Are Back! Discover the New Game That’s Taking Over Telegram!


    In 2017, CryptoKitties was a popular blockchain game and the first NFT to use the ERC-721 standard. Now, Dapper Labs, the company behind CryptoKitties, has brought back the game on the Telegram platform, sparking renewed interest in virtual feline collectibles. This move reflects a growing trend of blockchain gaming on messaging platforms.

    What is CryptoKitties?

    One of the first games to truly make non-fungible tokens (NFTs) popular in the crypto world was CryptoKitties. Its a game that allows players to purchase, breed, and trade one-of-a-kind digital cats on the Ethereum blockchain. The game turned into a massive phenomenon and brought mainstream attention to blockchain gaming. Meanwhile, the success of CryptoKitties also drove the development of the ERC-721 standard, an NFT standard that’s now used widely in the ecosystem.

    Dapper Labs, the creators of CryptoKitties, have developed other successful apps such as NBA Top Shot and Disney Pinnacle. However, CryptoKitties remains a cornerstone of the NFT world, and its return indicates a renewed interest in blockchain gaming. This time, they are introducing their innovative approach to gaming communities on Telegram.

    CryptoKitties on Telegram

    Telegram’s latest mini-game, CryptoKitties: All the Zen, invites users to play on the Telegram platform and promises to reward those who engage with strategy and hidden prizes. The game draws inspiration from the growing trend of gaming on Telegram and joins titles like Hamster Kombat, MemeFi, and Frog Farm, which have found a thriving community on Telegram.

    Starting from October 1, 2024, you will be able to play the All The Zen game by connecting with the CryptoKitties Telegram community. The game provides players with a preview of the upcoming CryptoKitties developments, enabling them to grow their “Zen” and hatch eggs to acquire new Kitties for their collection.

    How to Play: Growing Your Zen

    When players start the game, they meet Felis, a cosmic trickster who acts as their guide. He teaches them the basics and ensures they understand how to play. The initial mission is to hatch a Fancy Kitty from a Page Egg. This egg brings forth Page, a brave Kitty always ready to help players in their quests to gather ZEN. As the game progresses, the player can collect more Fancy Kitties, each with unique abilities that enhance ZEN production.

    The core of the gameplay revolves around the ReGenesis Egg, also known as the “Big Egg.” When players interact with this egg, they generate ZEN, a crucial resource that enables them to expand their Fancy Kitty collection. The game introduces a strategic element: Using ZEN to hatch a new Kitty cat replenishes your TAO bar, providing you with extra charges to interact with the egg and increase ZEN production. This cycle of earning, spending, and boosting ZEN creates a dynamic and captivating gameplay experience that promotes continuous growth.

    Why Telegram?

    Choosing to launch on Telegram is not a random decision. Telegram has become a magnet for crypto communities, and gamers. The platform’s easy-to-navigate interface, combined with features like bots and channels, creates an ideal playground for games that thrive on direct interaction and community engagement.

    CryptoKitties leverages Telegram’s popularity within the blockchain community. The platform allows easy access for both new and returning players, enabling real-time interaction with fellow enthusiasts. This aligns with the growing trend of integrating games into messaging platforms, recognizing that players often congregate and communicate where their games are hosted. The more seamless the integration between gaming and messaging experiences, the more lively the communities become.

    Impact and Future Prospects

    All The Zen’s release on Telegram is bigger than just a return of CryptoKitties; it’s a signal that blockchain gaming is coming back. The new game claims to be a mix of strategy, fun, and community interaction, appealing to not only the old-school fans of CryptoKitties but also to new players that are exploring the NFT space.

    The current mini-game is a preview of the upcoming reintroduction of CryptoKitties on the Flow blockchain. The project team is currently working to generate excitement within the community on Telegram and is promising new features and mechanics that will elevate the CryptoKitties universe to the next level.

    The CryptoKitties community is likely to grow even more from this latest round of interest in the game, as Telegram offers an engaging space for its users to both interact and strategize. And like any good game, renewed interest brings an uptick in secondary market sales and overall ecosystem health. 

    While the community looks forward to the full relaunch of Flow, All The Zen harkens back to an earlier time while also serving as a clean restart. It’s a way of reintroducing CryptoKitties to the next generation of blockchain gamers. On its own, the game/messaging project might be seen as an unambitious attempt to recapture earlier glory. But its ambitious blend of gaming and messaging has potential, and not just for CryptoKitties. Projects like this are part of an attempt to find profitable forms for web3 gaming.

    As the community eagerly awaits the relaunch of Flow, “All the Zen” serves as both a tribute to the past and a new beginning, reintroducing CryptoKitties to a fresh generation of blockchain gamers. The combination of gaming and messaging on Telegram has potentially paved the way for new projects within the web3 world. However, the impact of CryptoKitties within this emerging space should not be underestimated.

    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.

    View all posts



    Source link

    Transak NFT Checkout Now Powers Multi-NFT Buys on Sequence

    By
    Metaverse Fashion Week Online
    -
    0
    Transak NFT Checkout Now Powers Multi-NFT Buys on Sequence


    The partnership between Transak and Sequence has been deepened to enhance user experience and streamline the process of buying NFTs in the Web3 gaming space. With Transak’s NFT Checkout, users of the Sequence Marketplace can now purchase multiple NFTs in one transaction and can check out with traditional fiat currencies.

    Lowering Barriers to NFT Adoption in Gaming

    The spotlight has been shining on NFTs in the gaming sector for their potential to deliver real ownership and one-of-a-kind assets in Web3 gaming. NFTs unlock huge possibilities in gaming: true ownership of digital assets, rare in-game items, and economies designed by players themselves.

    But for many people, buying an NFT has been a somewhat complicated affair, with technical obstacles and an often complicated purchasing process discouraging many gamers from trying this new tech.

    The partnership between Transak and Sequence seeks to address this issue by offering an easier and faster way to buy gaming NFTs.

    Transak’s Integration with Sequence

    Sequence is an all-in-one platform designed to help developers integrate Web3 into games, offering solutions for onboarding, monetizing, and retaining players.

    With Transak’s NFT Checkout, Sequence Marketplace solutions can bring simplicity and ease to the NFT buying process, giving users the ability to use traditional payment methods like credit/debit cards and bank transfers without holding cryptocurrency. They hope this new kind of user experience will push wider adoption of digital assets in gaming.

    As with many NFT checkout solutions, purchasers could only buy one NFT per transaction. Inevitably, this meant that anyone buying multiple NFTs had to pay multiple sets of fees like gas and platform fees. But that’s not the case with Transak’s NFT Checkout. When you buy several NFTs at once with that service, you pay only one set of fees for the whole batch.

    Taylan Pince, Chief Technology Officer of Sequence, commented, “Web3 games desperately need to streamline the NFT acquisition process if they want to reach a mainstream audience. With Transak NFT Checkout, we’re eliminating the friction and complexity, making NFTs accessible to everyone. This is a game-changer for the Web3 gaming industry.”

    Transak NFT Checkout Features

    What sets this new system apart is that users can now buy lots of NFTs at once, much like adding a collection of items to the cart in an e-commerce store. 

    Transak’s NFT checkout offers many additional advantages, such as the multi-tiered verification of Know Your Customer (KYC) compliance, which ensures that the platform’s users are properly vetted and that the NFT marketplace itself is protected from illicit activity. 

    For those buying NFTs on the Transak platform in authorized regions, there is also an easy-access KYC option that requires only the user’s name and email address. Additionally, Transak’s system allows for low purchase limits—starting at just $0.01.

    Yeshu Agarwal, Co-Founder and CTO of Transak, shared his thoughts on the integration, saying, “We’re thrilled to empower Sequence Marketplace users with the ability to seamlessly acquire multiple NFTs using their preferred currency, all in a single transaction. This is an underrated functionality that would benefit users more than they might realize.”

    Enhancing Accessibility in Web3 Gaming

    Transak has served over 5 million users across 160 countries and is pushing ever more strongly into its Web3 payments infrastructure. With Transak offering the main fiat-to-NFT flow for Sequence Marketplace, both companies view this collaboration as a step forward for digital assets and accessibility.

    Previously, Transak had integrated its crypto on-/off-ramp into Sequence Kit, which allows any decentralized application (dApp) built with Sequence Kit to benefit from fiat-to-crypto onboarding.

    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.

    View all posts



    Source link

    NFT Sales Fall by 81% in September Due to Regulatory Review

    By
    Metaverse Fashion Week Online
    -
    0
    NFT Sales Fall by 81% in September Due to Regulatory Review


    NFT Sales Decline in September

    Sales declined in September, causing further damage to the NFT sector. Sales for the month came to $296 million overall, a noticeable 20% decrease from August’s $373 million, according to data from CryptoSlam. It is concerning because this loss marks an 81% drop from the peak sales figure of $1.6 billion achieved in March 2024.The monthly sales volume dropped below $109 million, or less than $300 million, for the first time since January 2021.

    NFT transactions also saw a notable drop in addition to this revenue loss. There were only 4.9 million transactions in September, down 32% from 7.3 million in August. This pattern suggests that many collectors and investors are evaluating their plans and behaving more cautiously on the market.

    Source: CryptoSlam

    The average value of NFT transactions unexpectedly increased by 18%, from $50.71 in August to $60 in September. This increase indicates that fewer NFTs are sold overall, but the ones that are are selling for more money. These particular NFTs can appeal to collectors who anticipate a large value increase over time.

    The decline in the NFT market is being monitored concurrently by the US Securities and Exchange Commission (SEC). OpenSea CEO Devin Finzer declared on August 28 that the business has received a Wells notice from the SEC. This warning brought attention to the regulatory challenges the NFT market faces and raised concerns about future sales and the general expansion of the business by indicating that certain NFTs might be considered unregistered securities.

    Industry executives are divided by the SEC’s measures.The SEC fined Flyfish Club, a restaurant with an NFT motif, $750,000 on September 16th for selling NFTs. Those opposed to this enforcement action included two SEC commissioners, Hester Peirce and Mark Uyeda. They argued that since Flyfish’s NFT sales are only an alternate way to market memberships, they shouldn’t be governed by securities laws.

    The leaders of NFT expressed a combination of dissatisfaction and doubt regarding the SEC’s strategy in their responses. Luca Schnetzler, CEO of the popular NFT collection Pudgy Penguins, branded the SEC’s measures as “nonsense.” He referred to the agency’s emphasis on OpenSea as a “nothing burger” in an earlier interview. Schnetzler underlined that larger firms engaging in NFTs, such as Sotheby’s, Nike, and Pokémon, also face scrutiny. This circumstance begs the question of how NFTs will fare in the changing regulatory landscape.



    Source link

    SUI’s Rise Over $1.8 Users Are Cautioned About NFT Scams

    By
    Metaverse Fashion Week Online
    -
    0
    SUI’s Rise Over .8 Users Are Cautioned About NFT Scams


    SUI Altcoin Breaks Through $1.8

    Recently, the SUI blockchain’s native token has surpassed $1.8 and reached a high of $1.8796. As of right now, it is trading at $1.84, up 7.23% from the previous day. This most recent increase is attracting the attention of crypto traders and investors as it suggests significant market momentum. Considering the volatility that many crypto experience, SUI’s performance sticks out as a noteworthy bright spot in the crypto market.

    Over the past week, SUI has experienced a significant boost, rising by 19.18%. Many members of the community have expressed hope about the token’s future as a result of its continuous rise. Not only has the blockchain network doubled its market share in the last month, but it has also grown exponentially. SUI is now considered to be among the emerging blockchain enterprises, as seen by its Total Value Locked (TVL) rising from $600 million to over $1 billion. Increased investor confidence and use of the network’s other services and decentralized apps (dApps) are shown by TVL’s rise.

    Source: Coinmarketcap

    The SUI ecosystem is growing quickly, and more and more decentralized projects and apps are adding to its increasing TVL. The network’s standing inside the larger crypto market gets stronger as long as it can draw developers and users. A solid basis for future growth is shown by the rise in activity and value locked within the network, particularly as more enthusiasts search for blockchain alternatives to larger, more established platforms. Many people are keeping a watch on SUI as it keeps rising since bullish feeling is prevalent.

    While the SUI network has enjoyed recent success, it has also issued a critical warning to its community about the growing threat of NFT scams. Since NFTs are receiving more attention, dishonest people are taking advantage of this by airdropping fictitious tokens into the wallets of unwary users. These NFTs frequently closely mimic actual initiatives, making it difficult for users to discriminate between real and counterfeit tokens. Users are fooled into linking their wallets and approving transactions on phishing websites once they receive these phony NFTs.

    Scammers frequently utilize incentives or rewards to trick users into allowing these transactions, jeopardizing the security of their wallets in the process. These attacks can lead to the loss of funds and NFTs, which has become a growing concern across various blockchain networks. SUI has been proactive in addressing this issue by educating its users about the potential risks.

    To protect against scams, SUI advises users to ignore unexpected NFT airdrops, especially without prior notice from a trusted source. Approach all airdrops cautiously and verify their legitimacy. SUI also emphasizes doing thorough research (DYOR) before engaging with any new NFT or project. Check official websites and rely on trusted platforms to ensure safety.

    Scammers often tweak web addresses to imitate legitimate sites. SUI urges users to double-check URLs before entering sensitive information or connecting wallets to avoid falling for phishing scams. Staying alert and following these precautions can help users protect their assets.



    Source link

    Japan’s New Prime Minister Pushes Blockchain and NFT Policies for Regional Growth – Cryptoflies News

    By
    Metaverse Fashion Week Online
    -
    0
    Japan’s New Prime Minister Pushes Blockchain and NFT Policies for Regional Growth – Cryptoflies News


    18

    Shigeru Ishiba, the newly elected leader of Japan’s ruling Liberal Democratic Party, has announced new policies supporting blockchain and non-fungible token (NFT) technologies. 

    According to an official policy document from Ishiba’s office and a report by the Japanese media outlet CoinPost, Ishiba believes that blockchain and NFTs could play a key role in boosting Japan’s economy, particularly in regional areas.

    The document outlines traditional economic measures, such as offering incentives for businesses to expand into regional areas and refining local content. 

    However, a section titled “Regional Revitalization 2.0” also proposes using blockchain and NFTs to transform regional analog values — like local food and tourism experiences — into assets with global appeal. 

    Additionally, the document mentions plans to create “zero digital divide” regions and develop “Digital Regional Cultural Cities” as part of a broader digitization strategy aimed at revitalizing local economies through technology.

    This is not the first time Japan has shown interest in emerging technologies. In 2022, then-Prime Minister Fumio Kishida, who Ishiba has now succeeded, announced the country’s intention to invest in NFTs and the metaverse as part of Japan’s digital transformation efforts. 

    Addressing regional economies and depopulation in local areas has been a long-standing issue in Japan. New technologies like blockchain and NFTs are now being explored as tools to combat these challenges. 

    In recent years, multiple private sector initiatives have aligned with these government plans. 

    For instance, in February, Japan Airlines collaborated with advertising agency Hakuhodo to develop NFT applications aimed at converting local experiences into digital assets. This project was intended to boost regional tourism and strengthen visitor engagement.

    In another example, the village of Yamakoshi launched the “Neo-Yamakoshi Village” project in June. This initiative utilized NFTs and the metaverse to combat depopulation, preserve cultural heritage, and engage global supporters.

    Several major Japanese companies have already embraced Web3 technologies. The messaging app LINE and online retailer Rakuten have both launched NFT marketplaces. Additionally, Japan’s SMBC Group, one of the nation’s leading banks, announced a partnership with blockchain startup HashPort to explore NFT and Web3 initiatives.



    Source link

    5 Must-Join Airdrop Events on Telegram This October

    By
    Metaverse Fashion Week Online
    -
    0
    5 Must-Join Airdrop Events on Telegram This October


    October 2024 is set to be an exciting month for Telegram-based platforms. This month will feature significant airdrop events and token listings, with several high-profile games participating in the airdrop trend. Whether you’re an investor, a blockchain enthusiast, or just a gamer, these events are not to be missed.

    Understanding Airdrop Mechanics

    Blockchain projects often utilize airdrops to incentivize their communities and increase token adoption. Essentially, an airdrop involves distributing free tokens to users who meet specific conditions, which can range from simply holding a particular token to completing a series of tasks. Airdrops may be one-time events or distributed over a period of time. In either scenario, they serve as a key method for users to engage with new projects.

    X Empire Airdrop – October 15, 2024

    One of the most anticipated airdrops this month is from X Empire, a game where players can engage in strategic empire-building. On October 15, the game will reward players with tokens for completing multiple missions in the game and for expanding their virtual empires. X Empire is expected to list on prominent exchanges such as Binance and Bybit very soon. This airdrop, therefore, offers a chance to get early access to the game and to obtain some valuable tokens in the process.

    MemeFi Airdrop – October 9, 2024

    MemeFi is a project designed for meme enthusiasts who want to engage in play-to-earn activities. On October 9, the platform will hold an airdrop, allowing users to earn tokens by participating in game challenges and completing specific tasks. Once MemeFi’s token is available for trading, the tokens earned by participants will be tradable. This means that those who were part of the airdrop will have a unique opportunity to trade as soon as the token is listed.

    TapSwap Airdrop – October 2024

    TapSwap Airdrop: Maximize Your Rewards Ahead of the Drop

    TapSwap has announced its highly anticipated airdrop and listing event for October. During the airdrop window, the gaming platform will be giving away TAPS tokens as prizes to players who complete a set of daily activities. The TAPS token is expected to be priced at around $0.03 to $0.06 at listing, giving it a market cap of approximately $700 million to $800 million. If you’re looking to maximize your rewards, this airdrop presents a great opportunity to boost your earnings.

    Tomarket Airdrop – October 2024

    Tomarket drop game

    This month, the decentralized marketplace Tomarket is launching a token listing. The airdrop event is expected to attract significant interest, as there are already millions of Telegram users on board. The exact launch date for Tomarket has not been shared yet. However, potential users can sign up for the airdrop in the Tomarket Telegram group to ensure they receive tokens when Tomarket launches its token.

    Dotcoin Listing – October 2024

    Dotcoin, a tap-to-earn game, is getting ready to launch its native token on major exchanges this October. In this game, players can earn Dotcoins by simply tapping on a dot on their screens. It’s one of the simplest and most straightforward games in the Telegram-based gaming ecosystem. With this airdrop, the team is giving potential players a great opportunity to not only earn tokens but also to experience the game before its official launch.

    Airdrop Participation Guide

    Participating in these airdrops is quite simple. First, users need to join the official Telegram groups of the games or platforms they want to get involved with. Then, they just need to follow the simple instructions provided by the platforms. It’s important to pay attention to the specific rules for each airdrop, as they can vary. For example, some might require you to invite friends, while others might require completing levels in a game or participating in community activities. Make sure to complete all the required tasks to ensure you receive the maximum number of free tokens.

    Conclusion

    Get ready for a series of exciting airdrop events in October 2024! These events will give users the chance to obtain tokens before they are listed on major exchanges. Whether you’re into blockchain gaming, decentralized platforms, or just looking for a new way to earn, these airdrop events are a fantastic opportunity. By participating, you can get ahead in trading and fully immerse yourself in the dynamic world of gaming on Telegram.

    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.

    View all posts



    Source link

    VeeFriends Premieres New 2D-Animated Series: Fun, Action, and Life Lessons for Kids | NFT CULTURE | NFT News | Web3 Culture | NFTs & Crypto Art

    By
    Metaverse Fashion Week Online
    -
    0
    VeeFriends Premieres New 2D-Animated Series: Fun, Action, and Life Lessons for Kids | NFT CULTURE | NFT News | Web3 Culture | NFTs & Crypto Art


    VeeFriends, the brainchild of entrepreneur and media personality Gary Vaynerchuk, is stepping into the world of animated content. In collaboration with Moonbug Entertainment—the force behind popular kids’ brands like CoComelon and Blippi—and VaynerWatt, VeeFriends is launching its first animated series on YouTube Kids on September 30, 2024.

    Produced by Moonbug, a part of Candle Media, the series promises to blend entertainment and education in 20 fast-paced, three-minute episodes. The first three episodes of this exciting series are already available, with new ones airing every Saturday.

    What to Expect: Characters and Themes

    The VeeFriends animated series is aimed at kids aged 6 to 11 and features six main characters:

    Dialed-In Dog
    Empathy Elephant
    Dynamic Dinosaur
    Fearless Fairy
    Perfect Persian Cat
    Gracious Grizzly Bear

    Each of these colorful characters steps into the VeeDome, where they face action-packed battles aimed at teaching important life lessons. Through entertaining competitions, the characters learn how to embrace their emotions, build resilience, and work through challenges.

    The format is described as a mix between Spongebob Squarepants and Teen Titans Go, with a splash of Sesame Street‘s focus on social-emotional learning. Gary Vaynerchuk describes the show as an exciting way to help kids view challenges as opportunities for growth, encouraging emotional intelligence and personal development.

    Collaboration with Moonbug and Candle Media

    Moonbug Entertainment, now a part of Candle Media, is renowned for its expertise in creating enriching content for kids. Their portfolio includes globally recognized brands like CoComelon, which has become a staple for younger children. With VeeFriends, Moonbug brings the same storytelling expertise to older kids, mixing action with important life lessons.

    Kevin Mayer and Tom Staggs, Co-CEOs of Candle Media, are proud to support this project, noting the strong alignment with Candle’s mission to create inspiring and entertaining content for families. For them, this partnership with Gary Vaynerchuk taps into the evolving landscape of kid’s entertainment, where digital platforms and unique, engaging stories reign supreme.

    The Vision Behind VeeFriends

    The VeeFriends universe goes beyond just the animated series. It also includes collectibles, events, games, and innovative technology designed to foster personal growth and inspire positivity. Gary Vaynerchuk created VeeFriends to help people connect with these values, and the animated series is an exciting new avenue to expand this mission. VeeFriends aims to scale its character universe in a way that promotes creativity, accountability, and self-discovery for kids.

    VaynerWatt, Vaynerchuk’s co-founded production company, is working alongside Moonbug to ensure that this new series resonates with children and families alike.

    Looking Ahead

    The new VeeFriends series promises to entertain while embedding crucial life lessons about resilience, cooperation, and emotional growth. With 20 episodes packed with humor, action, and inspiration, it’s set to become a go-to show for both kids and parents. The VeeDome challenges are more than just competitions—they’re metaphors for the struggles kids face every day, from handling emotions to understanding failure as a stepping stone to success.

    As this franchise grows, VeeFriends is set to become a multifaceted entertainment brand that brings together digital collectibles, community engagement, and now, animated storytelling.

    TL;DR: VeeFriends launches its first 2D-animated series on YouTube Kids, produced by Moonbug Entertainment and VaynerWatt. The action-packed series, featuring six main characters, teaches kids important life lessons through entertaining battles in the VeeDome. Aimed at children aged 6-11, the show emphasizes resilience, cooperation, and emotional growth, with 20 three-minute episodes airing weekly. Gary Vaynerchuk’s VeeFriends universe continues to expand, blending entertainment, education, and innovative storytelling.



    Source link

    Breaking: Famous Artist Trevor Jones went to Jail! | NFT CULTURE | NFT News | Web3 Culture | NFTs & Crypto Art

    By
    Metaverse Fashion Week Online
    -
    0
    Breaking: Famous Artist Trevor Jones went to Jail! | NFT CULTURE | NFT News | Web3 Culture | NFTs & Crypto Art


    How NFTs are Helping Raise Funds for Cancer Support Charity Maggie’s

    In a creative twist on fundraising, renowned digital artist Trevor Jones is “locked up” in a charity event called Jail or Bail—and he’s calling on the NFT community to help bail him out. Trevor is facing some pretty hefty (but tongue-in-cheek) charges: leading a digital art rebellion against traditional art institutions. However, his real mission is much more noble—raising money for Maggie’s Centres, a charity dedicated to providing vital support for those affected by cancer.

    The Cause: Maggie’s Centres and Cancer Support

    With over 50% of people likely to face a cancer diagnosis in their lifetime, the need for cancer support is greater than ever. Maggie’s Centres step in where they’re needed most, offering emotional, practical, and social support to those dealing with cancer, as well as their families. It’s more than just medical assistance—it’s about making sure no one has to face the journey alone. Maggie’s holistic approach to cancer care includes everything from mental health support to advice on treatment and managing finances.

    The NFT Drop: 100 ‘Jail or Bail’ NFTs

    Trevor Jones is raising bail through a limited edition of 100 ‘Jail or Bail’ NFTs, priced at 0.0269 ETH (approximately $69). Each NFT not only helps “bail” Trevor out, but also contributes 100% of the funds raised to Maggie’s Centres. These NFTs offer a unique opportunity for collectors to support a meaningful cause while owning a piece of art that symbolizes the fusion of creativity, community, and compassion.

    At the time of writing, 33 out of the 100 NFTs have already been minted, showing the strong support from the community. This is more than just a charity drop—it’s a call to arms for the NFT and digital art space to come together for a cause bigger than itself.

    Why This Matters: NFTs for Social Good

    NFTs have often been criticized for being speculative or indulgent, but initiatives like Jail or Bail demonstrate their real-world impact. By using the blockchain to raise funds for charity, Trevor Jones and the NFT community are showcasing how digital art can contribute to social causes. It also shows the growing trend of artists leveraging NFTs for philanthropic endeavors, adding a layer of purpose to their work.

    Get Involved: How You Can Help

    If you want to support Trevor Jones and Maggie’s Centres, you can mint one of the limited Jail or Bail NFTs. Not only will you help free Trevor from his “digital rebellion charges,” but you’ll also be making a tangible difference in the lives of people affected by cancer.

    With only 67 more NFTs to go, the clock is ticking. This is your chance to contribute to a meaningful cause while owning a piece of art that stands for more than just its aesthetic value. Join the digital art revolution, and help Trevor make his great escape—all in the name of charity!

    TLDR: Digital artist Trevor Jones is participating in a Jail or Bail charity event to raise money for Maggie’s Centres, a cancer support charity. He’s selling 100 limited-edition NFTs priced at 0.0269 ETH (~$69), with 100% of the funds going to the charity. This campaign highlights how NFTs can be used for social good, merging digital art with philanthropy.

     



    Source link

    1...158159160Page 159 of 160

    Popular Posts

    My Favorites

    Kanye West Flees To Tokyo Following Online Outbursts

    Metaverse Fashion Week Online - 0
    After a turbulent week marked by explosive online rants and mounting backlash, Kanye West has reportedly jetted off to Tokyo in search of...

    James Kennedy’s Arrest Was a ‘Wake-Up Call’ for Ally Lewber

    Best Penny Crypto to Buy in 2026: Top Picks for Smart...

    Hollow Knight: Silksong developer insists the game is “real” and “will...

    Popular Categories

    © Newsmag WordPress Theme by TagDiv