Author: CryptoHoppers

In the ever-dynamic world of digital art, the sale of the NFT artwork “$LAVE” by XCOPY stands out, recently fetching a striking 315 ETH, equivalent to nearly $967,000 [$ETH 315]. This event underscores not only the value of digital art but also the unique characteristics of the blockchain technology that enables such transactions.  XCOPY XCOPY is a well-known figure in the NFT art scene, renowned for his distinctive and often provocative animated GIFs that critique modern society and digital culture. His style is stark, usually monochromatic with flashes of vibrant color, creating visuals that are both arresting and commentary-rich. As…

MANTRA has introduced a new program for supporting and developing startups at the Dubai World Trade Center (DWTC). Shorooq Partners has invested $11 million in this launch, highlighting MANTRA’s commitment to furthering the tokenization of Real World Assets (RWA) in the MENA area. The initiative is established in partnership with Virtuzone, a leading corporate service provider in the UAE. It aims to assist in developing initiatives in the RWA sector and the wider MANTRA ecosystem. The assistance includes expenses related to development, infrastructure, licensing, banking, and administrative services, all of which are crucial for a business’s survival and expansion. Five concepts have…

Share this article The Bitcoin (BTC) halving is poised to reshape the mining landscape, potentially leading to greater centralization of power. Jag Kooner, Head of Derivatives at Bitfinex, estimates the anticipated squeeze on miners’ profit margins could force smaller operations to exit, leaving the field to larger, more capitalized entities.“However, this shift also presents an opportunity for innovation and efficiency improvements within the sector. Miners might explore new regions with cheaper energy sources or invest in more efficient mining technology to maintain profitability,” Kooner adds.Moreover, mining facilities could invest in the development of more cost-efficient machinery, and use their supply…

An Artistic Innovation on the Blockchain Renowned digital artist Grant Riven Yun has captivated the NFT world with his latest collection, “A Bright Spring Day,” part of the “Life in Japan” series, which officially launched on April 18th exclusively on Exchange.art. Known for his minimalist monochrome palette and unique abstract expressionist style, Grant Yun has previously collaborated with prestigious institutions like MoMa and has been featured in live auctions at Christie’s and Sotheby’s. His innovative approach to digital art has now found a new home on the Solana blockchain, renowned for its fast and environmentally friendly transactions. The Significance of…

PRESS RELEASE. WorkML.ai is developing a revolutionary platform that will harness the potential of hundreds of thousands of annotators from around the globe. Through comprehensive training programs, WorkML.ai aims to qualify annotators to produce high-quality Metadata, essential for enhancing AI models. Annotators will be compensated in WML tokens for their contributions, creating a dynamic ecosystem. […] Source link

From the prospects of BTC hitting $100,000 in 2024 — to search interest for the “Bitcoin halving” — here’s a data-driven look at this rare event. Bitcoin is lumbering up for its fourth halving — and no two events are the same. The markets are unrecognizable from where they were even four years ago. Here are five fascinating facts about the 2024 halving. 1. There isn’t much Bitcoin left Bitcoin has been structured, so most of its total supply is already in circulation. After the halving, there will be a mere 1.3 million BTC left for miners to discover —…

The Solana team developers developed a new algorithm, beta update v1.17.31, on April 12 to deal with persistent network congestion. The testing results, which will be available in the next three days, are an honest recommendation for all the mainnet beta validators. New updates and patches to the current network traffic are designed to counter the recent Solana blockchain network traffic problems that resulted in highly frequent transaction failures. The key improvements in this modification are to handle the network performance load in a better way and improve the whole system’s performance. The technical update includes some modifications, such as…

As blockchain technology continues to advance and transform various industries, there is a growing need for decentralized networks that can handle the demands of modern applications. This is where Vara Network comes into the picture. Built on top of the Gear Protocol, Vara Network is a decentralized platform that aims to provide developers with a fast, scalable, and secure environment to create and run a wide variety of decentralized applications. By leveraging the power of the Gear Protocol, Vara Network offers a layer-1 solution that is not only fast and efficient but also flexible enough to accommodate a diverse range…

In a significant restructuring of its gaming portfolio, Yuga Labs, the visionary force behind the Bored Ape Yacht Club (BAYC), has sold its HV-MTL and Legends of the Mara games to the emerging Web3 gaming powerhouse, Faraway. This strategic move not only simplifies Yuga’s asset base but also sharpens its focus on its major initiatives, notably the Otherside metaverse. Strategic Divestitures for a Focused Future The recent acquisition by Faraway includes the two games along with their associated NFT collections. To ensure continuity and leverage expertise, Spencer Tucker, the former Chief Gaming Officer at Yuga Labs, will join Faraway as…

Goldman Sachs analysts believe that whether the upcoming Bitcoin halving will turn out to be a “buy the rumor, sell the news” event may have less impact on bitcoin’s medium-term outlook. They explained that the bitcoin price performance will likely continue to be driven by the supply-demand dynamic and continued demand for spot bitcoin exchange-traded […] Source link