Day: March 5, 2022

How enterprises are embracing Web3 structures

Anthony B

Now that the initial hype surrounding blockchain applications and the prolonged blockchain “winter” that followed are left behind, we now find ourselves in the middle of a “spring” that is helping organizations reimagine how they deliver value. So much so that blockchain is expected to add $1.76 trillion to the global economy by 2030, according to PWC.  A significant chunk of this uptick is expected to come from business-to-business (B2B) implementations, which stand to gain the most from the security, immutability and streamlining opportunities afforded by blockchain-based transactions and relationships.…

Solana TVL and price drop 50%+ from ATH, but gaming DApps could turn the tables

Marcel Pechman

2022 has not been a good start for cryptocurrencies and to date, the total market capitalization has dropped by 21% to $1.77 trillion. Solana’s (SOL) correction has been even more brutal, presenting a 48.5% correction year-to-date. Solana (blue) vs. Ether (orange), AVAX (purple), BNB (yellow). Source: TradingView Solana leads the staking charts with $35 billion in value locked, which is equivalent to 74% of the SOL tokens in circulation. Multiple reasons can be identified for the underperformance, including four network outages in late 2021 and early 2022. The latest incident…

Hodler’s Digest, Feb. 27- March 5.

Cointelegraph By Editorial Staff

Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Ukraine has received $37M in tracked crypto donations so far Cointelegraph compiled data this week for crypto donations sent to the Ukrainian government, military and charities amid the country’s ongoing conflict with Russia. By Monday, total crypto donations to the Ukrainian government and charities linked…

Terra, Avalanche and Osmosis lead the L1 recovery while Bitcoin searches for support

Jordan Finneseth

The layer-one (L1) ecosystem has received increased attention in recent months as users search for new investment opportunities in the Cosmos (ATOM), Fantom (FTM) and NEAR.  Following January’s market sell-off, where Bitcoin (BTC) price dropped to bottom below $34,000, much of the L1 field has struggled to regain its momentum. Price performance of L1 tokens since Jan. 24. Source: Delphi Digital According to data from Delphi Digital, since the BTC bottom on Jan. 24, the only L1 to experience a notable gain in price include Terra (LUNA), Avalanche (AVAX) and…

Impermanent loss challenges the claim that DeFi is the ‘future of France’

Elaine Hu

Impermanent loss is one of the most recognized risks that investors have to contend with when providing liquidity to an automated market maker (AMM) in the decentralized finance (DeFi) sector. Although it is not an actual loss incurred from the liquidity provider’s (LP) position — rather an opportunity cost that occurs when compared with simply buying and holding the same assets — the possibility of getting less value back at withdrawal is enough to keep many investors away from DeFi. Impermanent loss is driven by the volatility between the two…

The Art Blocks Founder on His Journey as a Web3 Artist

Anthony B

Like in many of the best stories of trailblazing artists, Erick Calderon – better known in the NFT space as Snowfro – could have never imagined the wide-reaching success he would see as the founder and genesis artist of the historic generative art platform, Art Blocks. “I still wake up thinking that this is a dream. I had no expectations of it getting this big.” He spoke to NFTevening shortly after the momentous occasion of the opening of his Chromie Squiggles exhibition at Venus Over Manhattan on Feb. 12th. At…

Metaverses in Web3 Might Be “1 or 10” Years Away: Seasoned Investor

Anthony B

Vladislav Sopov Renowned investor Jason Choi, general partner of The Spartan Group, a high-profile DeFi investor, shared his ideas about next phases of Metaverse progress Contents Metaverses: Infrastructure, experience layer, value-add layer Experiences instead of OpenSea links Mr. Jason Choi, veteran crypto VC investor, shared a summary of his recent dialogues with 50+ leading products in the sphere of Metaverses. Metaverses: Infrastructure, experience layer, value-add layer According to his thread, we can better understand Metaverses as digital virtual worlds with some element of user-ownership through cryptos or non-fungible tokens. 1/ “Web 3…

Opensea phishing scandal reveals a security need across the NFT landscape

Shiraz Jagati

Despite the ongoing volatility plaguing the digital asset sector, one niche that has undoubtedly continued to flourish is the nonfungible token (NFT) market. This is made evident by the fact that a growing number of mainstream mover and shakers including the likes of Coca-Cola, Adidas, the New York Stock Exchange (NYSE) and McDonalds, among many others, have made their way into the burgeoning Metaverse ecosystem in recent months. Also, owing to the fact that over the course of 2021 alone, global NFT sales topped out at $40 billion, many analysts…