Block Demand Leads to Fee Spike as Bitcoin-Based Memecoins Flourish
Over 11,000 tokens have been issued and traded on the Bitcoin network, data shows.
NFTs
NFT Lending Platform Blend Sparks Concerns Over Ecosystem Liquidity
Blend, the name of NFT marketplace Blur’s new lending platform, allows traders to lease NFTs to bolster liquidity. However, concerns have been raised about its impact on broader NFT markets.
Alibaba Says ‘Open Sesame’ to Web3
The Chinese tech giant is releasing a metaverse launchpad. Plus, Sports Illustrated announces an NFT ticketing platform.
Bitcoin Ordinals Surge to 3M Inscriptions, but Most Are Just Text
Over $8 million in fees have been paid to the network by inscription creators since their inception.
‘Shark Tank’ but Make It Crypto: CoinMarketCap Launching Competition TV Show
“Killer Whale” will allow entrepreneurs to pitch ideas for new Web3 products and projects to a panel of judges.
Web3 News From Consensus
A special edition of The Airdrop on the ground in Austin at CoinDesk’s festival.
Mastercard Launches Crypto Credential Service for Cross-Border Transfers
The set of verification standards uses technology from the CipherTrace, the well-known blockchain analytics platform Mastercard agreed to acquired in late 2021.
Decentralized Media Is Breaking Barriers in a Web2 World
“The blockchain is simply a tool to re-architect the relationship between the subscriber and the publication,” said Daisy Alioto, founder of Web3 media outlet Dirt.
Traders Are Tired of Trump NFTs
The former U.S. president’s second collection isn’t as successful as his first drop was, while Sotheby’s plans to sell an impressive NFT collection seized from Three Arrows Capital.
Reddit to the Moon, Razer Stays Sharp
Reddit has released another wildly popular NFT collection while Razer has launched a Web3 gaming accelerator.