On Friday, someone spent $450,000 for a plot of virtual land next door to Snoop Dogg’s mansion in the “Snoopverse,” a section of the metaverse world The Sandbox. Snoop tweeted out our story on the price tag and said, “That’s a bargain.” He might prove to be right. Metaverse land sales topped $100 million this week alone. That included $2.43…
Decrypting DeFi is Decrypt’s weekly DeFi newsletter. (Art: Grant Kempster) A few weeks ago, the debate over Ethereum’s high gas fees and usability heated up again, at a time when rival smart contracts networks like Solana and Avalanche are gaining traction. But gas fees are likely to remain a huge issue in DeFi—no matter which chain you use. Ethereum, the…
A great number of cryptocurrencies dropped considerably in value during the early morning hours (after 12:00 a.m. EST) on December 4. At the time of writing, the crypto economy is down more than 16% and the price of bitcoin slid below the $50K zone to a low of $43,972 per unit. Since then, bitcoin has managed to climb back to…
Ethereum’s native token Ether (ETH) plunged alongside other cryptocurrencies on Dec. 4. Still, its move downside did not deter it from hitting a three-year high against Bitcoin (BTC), the world’s leading crypto by market capitalization. The ETH/BTC exchange rate jumped a little over 11.50% to hit 0.0835 BTC for the first time since May 2018. The pair’s price rally appeared…
Making a film is an expensive business. Even the short films aspiring directors use as calling cards can cost tens of thousands of dollars. Small wonder, then, that it’s a challenge for those starting in the industry to get a project off the ground—and that the organizations that provide funding for filmmakers are swamped with applications. “You need to move…
press release PRESS RELEASE. MetaGods, the world’s first play-to-earn 8-bit action role-playing game built on the blockchain, has raised $3 million USD in funding from supporting investors. Numerous investors and partners have partnered with the initiative to combine blockchain technology and the fast growing gaming sector to revolutionize the world of non-fungible tokens. MetaGods is the world’s first blockchain-based 8-bit…
Bitcoin (BTC) was created in the aftermath of the 2008 financial crisis and planned to solve the problems created by loose monetary policies. The cryptocurrency’s creator, Satoshi Nakamoto, said in late 2008 that the cryptocurrency’s supply increases “by a planned amount” that “does not necessarily result in inflation.” The cryptocurrency’s inflation rate has been fixed and its circulating supply is…
The recent movements in the treasury of Terra, a decentralized financial payment network, which is now burning more than $4 billion worth of LUNA due to a governance proposal, have seemingly made the price of the asset rise to all-time high (ATH) levels. This rise has been also accompanied by new proposals to further cement the stability of its stablecoin,…
By 2021, proof-of-stake (PoS) anchored itself as the consensus mechanism of choice for new and innovative blockchains. Ethereum 2.0, Cardano, Solana, Polkadot, Terra Luna — five out of the top 10 base layer blockchains run on PoS. It’s easy to see why PoS blockchains are popular: The ability to put tokens to work — verifying transactions and earning a reward…
The crypto market crash that began yesterday shows no sign of abating, with all of the top 10 cryptocurrencies by market cap, excluding stablecoins, posting double-digit losses in the last 24 hours. At time of publishing, Bitcoin is down over 18% in the last 24 hours, and is currently trading at around $46,600, per CoinGecko. Ethereum is down over 15%,…
