Crypto Samurai | NEWS

2024-02-06 23:10:23 The Polkadot network set a new speed record for NFT releases

Polkadot (DOT) recently set a new record for the speed of creating non-fungible tokens (NFTs).

The massive issuance took place on a Polkadot parachain called Unique Network, with 4,930 NFTs created every minute. In total, the blockchain accommodated three batches of 100,000 new non-interchangeable tokens each to make for a comprehensive test of speed and efficiency.

Polkadot developers hope that Level 0 performance will make the network attractive for Web3 gaming projects and meet the needs of Web2 users.

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2024-02-03 23:38:27 AI will help the cryptocurrency industry grow

Vernacular Blockchain analysts examined research from 23 major blockchain and cryptocurrency companies. They talked about the main trends for 2024. One of the aspects was the synergy between artificial intelligence technology and digital currencies.

The experts emphasized that "the rapid development of AI in 2023 also contributed to the evolution of AI+ Web3 services. At the beginning of January 2024, the market value of tokens related to this industry reached $7.04 billion. Given the growing popularity of the segment, the companies' forecasts are optimistic".

According to analysts, AI will function as a core function to increase the attractiveness of blockchain-based cryptocurrency platforms.Researchers stated that direct applications of the technology in crypto include, trading and arbitrage bots, and automated payment systems.

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2024-02-01 22:13:11 Binance has launched a marketplace for trading "inscriptions"

Binance, the largest cryptocurrency exchange, has unveiled a marketplace focused exclusively on Ordinals protocol "inscriptions"

The new platform will allow you to sell, buy and mine tokens standard BRC-20 and other EVM-compatible assets. This is stated in the official message of the crypto exchange.

The marketplace for "inscriptions" is hosted in Binance's Web3 wallet, which is available through the platform's application. According to the developers, the novelty offers various options including:

- buying, selling and mining BRC-20 standard tokens and other EVM coins;
- seamless transfers between the Binance platform and its cryptocurrency wallet;
- increased transaction speeds with a special gas pedal for the Bitcoin (BTC) network.

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2024-01-29 18:19:22 Magic Eden is about to launch a multichain wallet

Magic Eden is gearing up to launch its multichain wallet designed to address the fragmentation in the non-fungible token (NFT) and cryptocurrency markets. The goal is to provide a better experience for users across different blockchain networks.

As stated by the CEO and co-founder, the initiative aims to create a multi-chain environment for NFTs, addressing the existing fragmentation and complexity of processing digital assets across different blockchains.

Unlike the common practice of NFT enthusiasts using multiple wallets for different blockchains, this innovative wallet from Magic Eden will allow users to manage assets from Bitcoin, Ethereum, Solana and Polygon in one place, simplifying the user experience.

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2024-01-25 23:54:37 Solana NFT's trading volume is up 25% weekly

The weekly trading volume of Solana non-fungible tokens (NFTs) has surpassed $62 million, showing an increase of 25%, according to network data aggregator CryptoSlam. After a slow start to January, Solana (SOL) NFT activity seems to be picking up, with trading volume this month totaling nearly $190 million.

In December 2023, Solana NFT volume topped $365 million and overtook Ethereum, second only to bitcoin's market share. Even with relatively low volume compared to last month, January's total sales volume is Solana's highest since May 2022.

Despite the increase in sales volume, the number of NFT-related transactions made on Solana's blockchain decreased by 15%. This indicates larger average transactions that can be associated with NFT collection tensorians.

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2024-01-20 22:18:47 Solana received 30,000 pre-orders for new smartphones in just 24 hours

The first phones from cryptocurrency developers Solana have become popular thanks to free BONK tokens on the built-in crypto wallet. Solana Labs co-founder and president Raj Gokal said pre-orders for the new phone have exceeded the 12-month sales of the first-generation device.

Demand for the second-generation phone became so strong that Solana Mobile reached its seven-day sales goal within the first 24 hours. According to Gokal, Solana Mobile received more than 25,000 pre-orders within 24 hours of the announcement. Thirty hours after the announcement, the number of pre-orders reached 30,000.

The new phone will have the same basic features as its predecessor: a built-in cryptocurrency wallet, special software on the Android system and a store for crypto applications. However, the smartphone should become more budget-friendly. Initially, it will cost $450.

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2024-01-15 19:35:53 OpenSea 2.0 NFT marketplace update coming soon

Once the leading NFT marketplace by trading volume, OpenSea is about to release the second version of its token trading platform with an updated interface.

OpenSea director Devin Finzer revealed that his company's employees are developing the OpenSea 2.0 marketplace. According to him, after the upgrade of the platform, users will have additional opportunities related to the search and selection of suitable NFTs.

Over the last 30 days, the volume of NFT trading on OpenSea amounted to $105.7 million, and by this indicator the market ranked fourth. The first line is occupied by Blur, whose users bought $636.4 million worth of coins. Obviously, the OpenSea management hopes to increase the competitiveness of the platform by releasing an update and return the company's palm of superiority in the NFT market.

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2024-01-12 23:06:32 Crypto com experts have reported on the NFT sector

For example, the management of the OpenSea platform introduced a new feature that simplifies the process of creating a wallet and accessing NFTs. Users can now set up a self-storage service by simply providing an email address. The initiative utilizes Privy technology and enables users to manage their own assets on the trading platform.

Visa, a major payment company, has launched the Web3 Loyalty Engagement Solution in partnership with SmartMedia Technologies. It is needed to modernize loyalty programs using digital collectibles and Web3 wallets.

The developers of Axie Infinity have limited the supply of the Smooth Love Potion (SLP) reward token to 44 billion. This is aimed at stabilizing the economy of the digital asset by adjusting the size of in-game rewards. The project creators have also launched a stability fund to maintain the value of SLP.

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2024-01-10 00:41:56 PayPal USD (PYUSD) is exploring integration into the Aave decentralized lending protocol

PayPal USD (PYUSD), a stablecoin linked to U.S. financial technology giant PayPal Holdings Inc. is exploring integration into the Aave decentralized lending protocol. Despite receiving much coveted support at launch, PayPal's steblecoin has seen its popularity plummet recently.

According to DeFiLlama data, PayPal USD ranks 11th with a market capitalization of $243.28 million. This figure is just a fraction of the market capitalization of the largest stablecoin, Tether (USDT), which exceeds $93.7 billion. Now PayPal is looking to expand its footprint and the next target is Aave. According to reports, a DAO vote on Aave is currently underway. If the vote eventually passes as expected, it will make Aave the last DeFi lending protocol after Curve to host PayPal's steiblcoin.

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2024-01-06 18:58:52 Visa announces partnership with SmartMedia Technologies

Payment giant Visa has launched Web3, a loyalty rewards system that it says can increase customer engagement.

The move will provide customers with digital wallets that will be used to collect tokenized tickets, loyalty coins, digital collectibles and other brand privileges, which can then be applied to virtual and physical experiences, according to the company's statements.

Users of the platform don't need to have deep knowledge of blockchain technology to use rewards, a Visa spokesperson said, adding that "this offering makes web3 simple for both partners and consumers, starting with our partner's first-of-its-kind product." Kind interaction platform with our simple two-click mobile signup."

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