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\n

Yuga Labs plans to grant the commercial rights to all CryptoPunk and Meebit NFTs to their owners, as has been done for BAYC owners. This still means that Yuga Labs owns the collection and will \"be building the overall brand right alongside them\", but each NFT owner can monetize their specific ape.<\/p>\n\n\n\n

\"It\u2019s been amazing to watch the BAYC ecosystem use their rights to collaborate and build awesome shit we never could have dreamed up. We can\u2019t wait to see the Cryptopunks and Meebits communities do the same.<\/em>\"<\/p>Yuga Labs on Twitter<\/a><\/cite><\/blockquote>\n","post_title":"BAYC's Yuga Labs Acquires Rights To CryptoPunks And Meebits","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"baycs-yuga-labs-acquires-rights-to-cryptopunks-and-meebits","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:28","post_modified_gmt":"2022-03-14 10:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 5

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

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\n

Yuga Labs \"now own the brands, copyright in the art, and other IP rights for both collections, along with 423 CryptoPunks and 1711 Meebits\" according to their announcement. This means that they own both the 1st<\/a> and 2nd<\/a> most valuable NFT collections on the market.<\/p>\n\n\n\n

Yuga Labs plans to grant the commercial rights to all CryptoPunk and Meebit NFTs to their owners, as has been done for BAYC owners. This still means that Yuga Labs owns the collection and will \"be building the overall brand right alongside them\", but each NFT owner can monetize their specific ape.<\/p>\n\n\n\n

\"It\u2019s been amazing to watch the BAYC ecosystem use their rights to collaborate and build awesome shit we never could have dreamed up. We can\u2019t wait to see the Cryptopunks and Meebits communities do the same.<\/em>\"<\/p>Yuga Labs on Twitter<\/a><\/cite><\/blockquote>\n","post_title":"BAYC's Yuga Labs Acquires Rights To CryptoPunks And Meebits","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"baycs-yuga-labs-acquires-rights-to-cryptopunks-and-meebits","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:28","post_modified_gmt":"2022-03-14 10:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

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\n
\nhttps:\/\/twitter.com\/yugalabs\/status\/1502420714527334406?s=20&t=IyM-KDtJPh0WaI5XPfA10A\n<\/div><\/figure>\n\n\n\n

Yuga Labs \"now own the brands, copyright in the art, and other IP rights for both collections, along with 423 CryptoPunks and 1711 Meebits\" according to their announcement. This means that they own both the 1st<\/a> and 2nd<\/a> most valuable NFT collections on the market.<\/p>\n\n\n\n

Yuga Labs plans to grant the commercial rights to all CryptoPunk and Meebit NFTs to their owners, as has been done for BAYC owners. This still means that Yuga Labs owns the collection and will \"be building the overall brand right alongside them\", but each NFT owner can monetize their specific ape.<\/p>\n\n\n\n

\"It\u2019s been amazing to watch the BAYC ecosystem use their rights to collaborate and build awesome shit we never could have dreamed up. We can\u2019t wait to see the Cryptopunks and Meebits communities do the same.<\/em>\"<\/p>Yuga Labs on Twitter<\/a><\/cite><\/blockquote>\n","post_title":"BAYC's Yuga Labs Acquires Rights To CryptoPunks And Meebits","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"baycs-yuga-labs-acquires-rights-to-cryptopunks-and-meebits","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:28","post_modified_gmt":"2022-03-14 10:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 5

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

A joint<\/a> announcement<\/a> was made by Larva Labs and Yuga Labs on Twitter<\/a> on Friday evening.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/yugalabs\/status\/1502420714527334406?s=20&t=IyM-KDtJPh0WaI5XPfA10A\n<\/div><\/figure>\n\n\n\n

Yuga Labs \"now own the brands, copyright in the art, and other IP rights for both collections, along with 423 CryptoPunks and 1711 Meebits\" according to their announcement. This means that they own both the 1st<\/a> and 2nd<\/a> most valuable NFT collections on the market.<\/p>\n\n\n\n

Yuga Labs plans to grant the commercial rights to all CryptoPunk and Meebit NFTs to their owners, as has been done for BAYC owners. This still means that Yuga Labs owns the collection and will \"be building the overall brand right alongside them\", but each NFT owner can monetize their specific ape.<\/p>\n\n\n\n

\"It\u2019s been amazing to watch the BAYC ecosystem use their rights to collaborate and build awesome shit we never could have dreamed up. We can\u2019t wait to see the Cryptopunks and Meebits communities do the same.<\/em>\"<\/p>Yuga Labs on Twitter<\/a><\/cite><\/blockquote>\n","post_title":"BAYC's Yuga Labs Acquires Rights To CryptoPunks And Meebits","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"baycs-yuga-labs-acquires-rights-to-cryptopunks-and-meebits","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:28","post_modified_gmt":"2022-03-14 10:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 5

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Yuga Labs, the company behind the Bored Ape Yacht Club NFT collection, has acquired CryptoPunks and Meebits from fellow developer Larva Labs.<\/p>\n\n\n\n

A joint<\/a> announcement<\/a> was made by Larva Labs and Yuga Labs on Twitter<\/a> on Friday evening.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/yugalabs\/status\/1502420714527334406?s=20&t=IyM-KDtJPh0WaI5XPfA10A\n<\/div><\/figure>\n\n\n\n

Yuga Labs \"now own the brands, copyright in the art, and other IP rights for both collections, along with 423 CryptoPunks and 1711 Meebits\" according to their announcement. This means that they own both the 1st<\/a> and 2nd<\/a> most valuable NFT collections on the market.<\/p>\n\n\n\n

Yuga Labs plans to grant the commercial rights to all CryptoPunk and Meebit NFTs to their owners, as has been done for BAYC owners. This still means that Yuga Labs owns the collection and will \"be building the overall brand right alongside them\", but each NFT owner can monetize their specific ape.<\/p>\n\n\n\n

\"It\u2019s been amazing to watch the BAYC ecosystem use their rights to collaborate and build awesome shit we never could have dreamed up. We can\u2019t wait to see the Cryptopunks and Meebits communities do the same.<\/em>\"<\/p>Yuga Labs on Twitter<\/a><\/cite><\/blockquote>\n","post_title":"BAYC's Yuga Labs Acquires Rights To CryptoPunks And Meebits","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"baycs-yuga-labs-acquires-rights-to-cryptopunks-and-meebits","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:28","post_modified_gmt":"2022-03-14 10:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 5

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

<\/p>\n","post_title":"EtherRock Worth $1M Sold For A Fraction Of A Cent","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"etherrock-worth-1m-sold-for-a-fraction-of-a-cent","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/wei\/","post_modified":"2023-04-11 12:52:09","post_modified_gmt":"2023-04-11 02:52:09","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3933","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3890,"post_author":"1","post_date":"2022-03-13 19:50:24","post_date_gmt":"2022-03-13 08:50:24","post_content":"\n

Yuga Labs, the company behind the Bored Ape Yacht Club NFT collection, has acquired CryptoPunks and Meebits from fellow developer Larva Labs.<\/p>\n\n\n\n

A joint<\/a> announcement<\/a> was made by Larva Labs and Yuga Labs on Twitter<\/a> on Friday evening.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/yugalabs\/status\/1502420714527334406?s=20&t=IyM-KDtJPh0WaI5XPfA10A\n<\/div><\/figure>\n\n\n\n

Yuga Labs \"now own the brands, copyright in the art, and other IP rights for both collections, along with 423 CryptoPunks and 1711 Meebits\" according to their announcement. This means that they own both the 1st<\/a> and 2nd<\/a> most valuable NFT collections on the market.<\/p>\n\n\n\n

Yuga Labs plans to grant the commercial rights to all CryptoPunk and Meebit NFTs to their owners, as has been done for BAYC owners. This still means that Yuga Labs owns the collection and will \"be building the overall brand right alongside them\", but each NFT owner can monetize their specific ape.<\/p>\n\n\n\n

\"It\u2019s been amazing to watch the BAYC ecosystem use their rights to collaborate and build awesome shit we never could have dreamed up. We can\u2019t wait to see the Cryptopunks and Meebits communities do the same.<\/em>\"<\/p>Yuga Labs on Twitter<\/a><\/cite><\/blockquote>\n","post_title":"BAYC's Yuga Labs Acquires Rights To CryptoPunks And Meebits","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"baycs-yuga-labs-acquires-rights-to-cryptopunks-and-meebits","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:28","post_modified_gmt":"2022-03-14 10:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 5

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

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ADVERTISEMENT
\n

\"They say it is better to have rocked and lost rock than to have never rocked at all.\"<\/em><\/p>HiddenGnome on Twitter<\/a><\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"EtherRock Worth $1M Sold For A Fraction Of A Cent","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"etherrock-worth-1m-sold-for-a-fraction-of-a-cent","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/wei\/","post_modified":"2023-04-11 12:52:09","post_modified_gmt":"2023-04-11 02:52:09","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3933","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3890,"post_author":"1","post_date":"2022-03-13 19:50:24","post_date_gmt":"2022-03-13 08:50:24","post_content":"\n

Yuga Labs, the company behind the Bored Ape Yacht Club NFT collection, has acquired CryptoPunks and Meebits from fellow developer Larva Labs.<\/p>\n\n\n\n

A joint<\/a> announcement<\/a> was made by Larva Labs and Yuga Labs on Twitter<\/a> on Friday evening.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/yugalabs\/status\/1502420714527334406?s=20&t=IyM-KDtJPh0WaI5XPfA10A\n<\/div><\/figure>\n\n\n\n

Yuga Labs \"now own the brands, copyright in the art, and other IP rights for both collections, along with 423 CryptoPunks and 1711 Meebits\" according to their announcement. This means that they own both the 1st<\/a> and 2nd<\/a> most valuable NFT collections on the market.<\/p>\n\n\n\n

Yuga Labs plans to grant the commercial rights to all CryptoPunk and Meebit NFTs to their owners, as has been done for BAYC owners. This still means that Yuga Labs owns the collection and will \"be building the overall brand right alongside them\", but each NFT owner can monetize their specific ape.<\/p>\n\n\n\n

\"It\u2019s been amazing to watch the BAYC ecosystem use their rights to collaborate and build awesome shit we never could have dreamed up. We can\u2019t wait to see the Cryptopunks and Meebits communities do the same.<\/em>\"<\/p>Yuga Labs on Twitter<\/a><\/cite><\/blockquote>\n","post_title":"BAYC's Yuga Labs Acquires Rights To CryptoPunks And Meebits","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"baycs-yuga-labs-acquires-rights-to-cryptopunks-and-meebits","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:28","post_modified_gmt":"2022-03-14 10:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 5

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

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ADVERTISEMENT
\n
\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501897330353934337\n<\/div><\/figure>\n\n\n\n

\"They say it is better to have rocked and lost rock than to have never rocked at all.\"<\/em><\/p>HiddenGnome on Twitter<\/a><\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"EtherRock Worth $1M Sold For A Fraction Of A Cent","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"etherrock-worth-1m-sold-for-a-fraction-of-a-cent","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/wei\/","post_modified":"2023-04-11 12:52:09","post_modified_gmt":"2023-04-11 02:52:09","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3933","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3890,"post_author":"1","post_date":"2022-03-13 19:50:24","post_date_gmt":"2022-03-13 08:50:24","post_content":"\n

Yuga Labs, the company behind the Bored Ape Yacht Club NFT collection, has acquired CryptoPunks and Meebits from fellow developer Larva Labs.<\/p>\n\n\n\n

A joint<\/a> announcement<\/a> was made by Larva Labs and Yuga Labs on Twitter<\/a> on Friday evening.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/yugalabs\/status\/1502420714527334406?s=20&t=IyM-KDtJPh0WaI5XPfA10A\n<\/div><\/figure>\n\n\n\n

Yuga Labs \"now own the brands, copyright in the art, and other IP rights for both collections, along with 423 CryptoPunks and 1711 Meebits\" according to their announcement. This means that they own both the 1st<\/a> and 2nd<\/a> most valuable NFT collections on the market.<\/p>\n\n\n\n

Yuga Labs plans to grant the commercial rights to all CryptoPunk and Meebit NFTs to their owners, as has been done for BAYC owners. This still means that Yuga Labs owns the collection and will \"be building the overall brand right alongside them\", but each NFT owner can monetize their specific ape.<\/p>\n\n\n\n

\"It\u2019s been amazing to watch the BAYC ecosystem use their rights to collaborate and build awesome shit we never could have dreamed up. We can\u2019t wait to see the Cryptopunks and Meebits communities do the same.<\/em>\"<\/p>Yuga Labs on Twitter<\/a><\/cite><\/blockquote>\n","post_title":"BAYC's Yuga Labs Acquires Rights To CryptoPunks And Meebits","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"baycs-yuga-labs-acquires-rights-to-cryptopunks-and-meebits","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:28","post_modified_gmt":"2022-03-14 10:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 5

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

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ADVERTISEMENT
\n

Although a very costly mistake, Dino has made his peace with the situation, agreeing it was more of an \"easy come, easy go\" situation. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501897330353934337\n<\/div><\/figure>\n\n\n\n

\"They say it is better to have rocked and lost rock than to have never rocked at all.\"<\/em><\/p>HiddenGnome on Twitter<\/a><\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"EtherRock Worth $1M Sold For A Fraction Of A Cent","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"etherrock-worth-1m-sold-for-a-fraction-of-a-cent","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/wei\/","post_modified":"2023-04-11 12:52:09","post_modified_gmt":"2023-04-11 02:52:09","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3933","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3890,"post_author":"1","post_date":"2022-03-13 19:50:24","post_date_gmt":"2022-03-13 08:50:24","post_content":"\n

Yuga Labs, the company behind the Bored Ape Yacht Club NFT collection, has acquired CryptoPunks and Meebits from fellow developer Larva Labs.<\/p>\n\n\n\n

A joint<\/a> announcement<\/a> was made by Larva Labs and Yuga Labs on Twitter<\/a> on Friday evening.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/yugalabs\/status\/1502420714527334406?s=20&t=IyM-KDtJPh0WaI5XPfA10A\n<\/div><\/figure>\n\n\n\n

Yuga Labs \"now own the brands, copyright in the art, and other IP rights for both collections, along with 423 CryptoPunks and 1711 Meebits\" according to their announcement. This means that they own both the 1st<\/a> and 2nd<\/a> most valuable NFT collections on the market.<\/p>\n\n\n\n

Yuga Labs plans to grant the commercial rights to all CryptoPunk and Meebit NFTs to their owners, as has been done for BAYC owners. This still means that Yuga Labs owns the collection and will \"be building the overall brand right alongside them\", but each NFT owner can monetize their specific ape.<\/p>\n\n\n\n

\"It\u2019s been amazing to watch the BAYC ecosystem use their rights to collaborate and build awesome shit we never could have dreamed up. We can\u2019t wait to see the Cryptopunks and Meebits communities do the same.<\/em>\"<\/p>Yuga Labs on Twitter<\/a><\/cite><\/blockquote>\n","post_title":"BAYC's Yuga Labs Acquires Rights To CryptoPunks And Meebits","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"baycs-yuga-labs-acquires-rights-to-cryptopunks-and-meebits","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:28","post_modified_gmt":"2022-03-14 10:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 5

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The EtherRock was instantly purchased<\/a> and relisted by a bot, within the same block, with Dino requesting<\/a> an Etherscan refund. This has so far been unsuccessful. <\/p>\n\n\n\n

Although a very costly mistake, Dino has made his peace with the situation, agreeing it was more of an \"easy come, easy go\" situation. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501897330353934337\n<\/div><\/figure>\n\n\n\n

\"They say it is better to have rocked and lost rock than to have never rocked at all.\"<\/em><\/p>HiddenGnome on Twitter<\/a><\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"EtherRock Worth $1M Sold For A Fraction Of A Cent","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"etherrock-worth-1m-sold-for-a-fraction-of-a-cent","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/wei\/","post_modified":"2023-04-11 12:52:09","post_modified_gmt":"2023-04-11 02:52:09","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3933","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3890,"post_author":"1","post_date":"2022-03-13 19:50:24","post_date_gmt":"2022-03-13 08:50:24","post_content":"\n

Yuga Labs, the company behind the Bored Ape Yacht Club NFT collection, has acquired CryptoPunks and Meebits from fellow developer Larva Labs.<\/p>\n\n\n\n

A joint<\/a> announcement<\/a> was made by Larva Labs and Yuga Labs on Twitter<\/a> on Friday evening.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/yugalabs\/status\/1502420714527334406?s=20&t=IyM-KDtJPh0WaI5XPfA10A\n<\/div><\/figure>\n\n\n\n

Yuga Labs \"now own the brands, copyright in the art, and other IP rights for both collections, along with 423 CryptoPunks and 1711 Meebits\" according to their announcement. This means that they own both the 1st<\/a> and 2nd<\/a> most valuable NFT collections on the market.<\/p>\n\n\n\n

Yuga Labs plans to grant the commercial rights to all CryptoPunk and Meebit NFTs to their owners, as has been done for BAYC owners. This still means that Yuga Labs owns the collection and will \"be building the overall brand right alongside them\", but each NFT owner can monetize their specific ape.<\/p>\n\n\n\n

\"It\u2019s been amazing to watch the BAYC ecosystem use their rights to collaborate and build awesome shit we never could have dreamed up. We can\u2019t wait to see the Cryptopunks and Meebits communities do the same.<\/em>\"<\/p>Yuga Labs on Twitter<\/a><\/cite><\/blockquote>\n","post_title":"BAYC's Yuga Labs Acquires Rights To CryptoPunks And Meebits","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"baycs-yuga-labs-acquires-rights-to-cryptopunks-and-meebits","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:28","post_modified_gmt":"2022-03-14 10:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 5

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n
\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501802006364635139?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1501802006364635139%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.tronweekly.com%2F1m-worth-rock-nft-sells-for-under-a-penny%2F\n<\/div><\/figure>\n\n\n\n

The EtherRock was instantly purchased<\/a> and relisted by a bot, within the same block, with Dino requesting<\/a> an Etherscan refund. This has so far been unsuccessful. <\/p>\n\n\n\n

Although a very costly mistake, Dino has made his peace with the situation, agreeing it was more of an \"easy come, easy go\" situation. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501897330353934337\n<\/div><\/figure>\n\n\n\n

\"They say it is better to have rocked and lost rock than to have never rocked at all.\"<\/em><\/p>HiddenGnome on Twitter<\/a><\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"EtherRock Worth $1M Sold For A Fraction Of A Cent","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"etherrock-worth-1m-sold-for-a-fraction-of-a-cent","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/wei\/","post_modified":"2023-04-11 12:52:09","post_modified_gmt":"2023-04-11 02:52:09","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3933","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3890,"post_author":"1","post_date":"2022-03-13 19:50:24","post_date_gmt":"2022-03-13 08:50:24","post_content":"\n

Yuga Labs, the company behind the Bored Ape Yacht Club NFT collection, has acquired CryptoPunks and Meebits from fellow developer Larva Labs.<\/p>\n\n\n\n

A joint<\/a> announcement<\/a> was made by Larva Labs and Yuga Labs on Twitter<\/a> on Friday evening.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/yugalabs\/status\/1502420714527334406?s=20&t=IyM-KDtJPh0WaI5XPfA10A\n<\/div><\/figure>\n\n\n\n

Yuga Labs \"now own the brands, copyright in the art, and other IP rights for both collections, along with 423 CryptoPunks and 1711 Meebits\" according to their announcement. This means that they own both the 1st<\/a> and 2nd<\/a> most valuable NFT collections on the market.<\/p>\n\n\n\n

Yuga Labs plans to grant the commercial rights to all CryptoPunk and Meebit NFTs to their owners, as has been done for BAYC owners. This still means that Yuga Labs owns the collection and will \"be building the overall brand right alongside them\", but each NFT owner can monetize their specific ape.<\/p>\n\n\n\n

\"It\u2019s been amazing to watch the BAYC ecosystem use their rights to collaborate and build awesome shit we never could have dreamed up. We can\u2019t wait to see the Cryptopunks and Meebits communities do the same.<\/em>\"<\/p>Yuga Labs on Twitter<\/a><\/cite><\/blockquote>\n","post_title":"BAYC's Yuga Labs Acquires Rights To CryptoPunks And Meebits","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"baycs-yuga-labs-acquires-rights-to-cryptopunks-and-meebits","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:28","post_modified_gmt":"2022-03-14 10:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 5

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Former owner Dino, posted about the unfortunate event on Twitter.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501802006364635139?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1501802006364635139%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.tronweekly.com%2F1m-worth-rock-nft-sells-for-under-a-penny%2F\n<\/div><\/figure>\n\n\n\n

The EtherRock was instantly purchased<\/a> and relisted by a bot, within the same block, with Dino requesting<\/a> an Etherscan refund. This has so far been unsuccessful. <\/p>\n\n\n\n

Although a very costly mistake, Dino has made his peace with the situation, agreeing it was more of an \"easy come, easy go\" situation. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501897330353934337\n<\/div><\/figure>\n\n\n\n

\"They say it is better to have rocked and lost rock than to have never rocked at all.\"<\/em><\/p>HiddenGnome on Twitter<\/a><\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"EtherRock Worth $1M Sold For A Fraction Of A Cent","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"etherrock-worth-1m-sold-for-a-fraction-of-a-cent","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/wei\/","post_modified":"2023-04-11 12:52:09","post_modified_gmt":"2023-04-11 02:52:09","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3933","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3890,"post_author":"1","post_date":"2022-03-13 19:50:24","post_date_gmt":"2022-03-13 08:50:24","post_content":"\n

Yuga Labs, the company behind the Bored Ape Yacht Club NFT collection, has acquired CryptoPunks and Meebits from fellow developer Larva Labs.<\/p>\n\n\n\n

A joint<\/a> announcement<\/a> was made by Larva Labs and Yuga Labs on Twitter<\/a> on Friday evening.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/yugalabs\/status\/1502420714527334406?s=20&t=IyM-KDtJPh0WaI5XPfA10A\n<\/div><\/figure>\n\n\n\n

Yuga Labs \"now own the brands, copyright in the art, and other IP rights for both collections, along with 423 CryptoPunks and 1711 Meebits\" according to their announcement. This means that they own both the 1st<\/a> and 2nd<\/a> most valuable NFT collections on the market.<\/p>\n\n\n\n

Yuga Labs plans to grant the commercial rights to all CryptoPunk and Meebit NFTs to their owners, as has been done for BAYC owners. This still means that Yuga Labs owns the collection and will \"be building the overall brand right alongside them\", but each NFT owner can monetize their specific ape.<\/p>\n\n\n\n

\"It\u2019s been amazing to watch the BAYC ecosystem use their rights to collaborate and build awesome shit we never could have dreamed up. We can\u2019t wait to see the Cryptopunks and Meebits communities do the same.<\/em>\"<\/p>Yuga Labs on Twitter<\/a><\/cite><\/blockquote>\n","post_title":"BAYC's Yuga Labs Acquires Rights To CryptoPunks And Meebits","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"baycs-yuga-labs-acquires-rights-to-cryptopunks-and-meebits","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:28","post_modified_gmt":"2022-03-14 10:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 5

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

EtherRock #44, an NFT<\/a> valued at around US$1,000,000 was accidentally listed<\/a> for 444 Wei<\/a> (>US$0.0000001), rather than 444 Ether (US$1,151,000).<\/p>\n\n\n\n

Former owner Dino, posted about the unfortunate event on Twitter.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501802006364635139?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1501802006364635139%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.tronweekly.com%2F1m-worth-rock-nft-sells-for-under-a-penny%2F\n<\/div><\/figure>\n\n\n\n

The EtherRock was instantly purchased<\/a> and relisted by a bot, within the same block, with Dino requesting<\/a> an Etherscan refund. This has so far been unsuccessful. <\/p>\n\n\n\n

Although a very costly mistake, Dino has made his peace with the situation, agreeing it was more of an \"easy come, easy go\" situation. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501897330353934337\n<\/div><\/figure>\n\n\n\n

\"They say it is better to have rocked and lost rock than to have never rocked at all.\"<\/em><\/p>HiddenGnome on Twitter<\/a><\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"EtherRock Worth $1M Sold For A Fraction Of A Cent","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"etherrock-worth-1m-sold-for-a-fraction-of-a-cent","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/wei\/","post_modified":"2023-04-11 12:52:09","post_modified_gmt":"2023-04-11 02:52:09","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3933","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3890,"post_author":"1","post_date":"2022-03-13 19:50:24","post_date_gmt":"2022-03-13 08:50:24","post_content":"\n

Yuga Labs, the company behind the Bored Ape Yacht Club NFT collection, has acquired CryptoPunks and Meebits from fellow developer Larva Labs.<\/p>\n\n\n\n

A joint<\/a> announcement<\/a> was made by Larva Labs and Yuga Labs on Twitter<\/a> on Friday evening.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/yugalabs\/status\/1502420714527334406?s=20&t=IyM-KDtJPh0WaI5XPfA10A\n<\/div><\/figure>\n\n\n\n

Yuga Labs \"now own the brands, copyright in the art, and other IP rights for both collections, along with 423 CryptoPunks and 1711 Meebits\" according to their announcement. This means that they own both the 1st<\/a> and 2nd<\/a> most valuable NFT collections on the market.<\/p>\n\n\n\n

Yuga Labs plans to grant the commercial rights to all CryptoPunk and Meebit NFTs to their owners, as has been done for BAYC owners. This still means that Yuga Labs owns the collection and will \"be building the overall brand right alongside them\", but each NFT owner can monetize their specific ape.<\/p>\n\n\n\n

\"It\u2019s been amazing to watch the BAYC ecosystem use their rights to collaborate and build awesome shit we never could have dreamed up. We can\u2019t wait to see the Cryptopunks and Meebits communities do the same.<\/em>\"<\/p>Yuga Labs on Twitter<\/a><\/cite><\/blockquote>\n","post_title":"BAYC's Yuga Labs Acquires Rights To CryptoPunks And Meebits","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"baycs-yuga-labs-acquires-rights-to-cryptopunks-and-meebits","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:28","post_modified_gmt":"2022-03-14 10:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 5

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

QuickNode which rented the space within the mainnet of Solana to Adobe is the leading Solana node provider, sustaining over 50% of the entire nodes on the network. No official statement has been released by the team yet. <\/p>\n","post_title":"Solana NFTs To Be Integrated Within Behance","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"solana-nfts-to-be-integrated-within-behance","to_ping":"","pinged":"","post_modified":"2023-04-11 12:51:53","post_modified_gmt":"2023-04-11 02:51:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4003","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3933,"post_author":"1","post_date":"2022-03-14 22:44:23","post_date_gmt":"2022-03-14 11:44:23","post_content":"\n

EtherRock #44, an NFT<\/a> valued at around US$1,000,000 was accidentally listed<\/a> for 444 Wei<\/a> (>US$0.0000001), rather than 444 Ether (US$1,151,000).<\/p>\n\n\n\n

Former owner Dino, posted about the unfortunate event on Twitter.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501802006364635139?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1501802006364635139%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.tronweekly.com%2F1m-worth-rock-nft-sells-for-under-a-penny%2F\n<\/div><\/figure>\n\n\n\n

The EtherRock was instantly purchased<\/a> and relisted by a bot, within the same block, with Dino requesting<\/a> an Etherscan refund. This has so far been unsuccessful. <\/p>\n\n\n\n

Although a very costly mistake, Dino has made his peace with the situation, agreeing it was more of an \"easy come, easy go\" situation. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501897330353934337\n<\/div><\/figure>\n\n\n\n

\"They say it is better to have rocked and lost rock than to have never rocked at all.\"<\/em><\/p>HiddenGnome on Twitter<\/a><\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"EtherRock Worth $1M Sold For A Fraction Of A Cent","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"etherrock-worth-1m-sold-for-a-fraction-of-a-cent","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/wei\/","post_modified":"2023-04-11 12:52:09","post_modified_gmt":"2023-04-11 02:52:09","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3933","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3890,"post_author":"1","post_date":"2022-03-13 19:50:24","post_date_gmt":"2022-03-13 08:50:24","post_content":"\n

Yuga Labs, the company behind the Bored Ape Yacht Club NFT collection, has acquired CryptoPunks and Meebits from fellow developer Larva Labs.<\/p>\n\n\n\n

A joint<\/a> announcement<\/a> was made by Larva Labs and Yuga Labs on Twitter<\/a> on Friday evening.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/yugalabs\/status\/1502420714527334406?s=20&t=IyM-KDtJPh0WaI5XPfA10A\n<\/div><\/figure>\n\n\n\n

Yuga Labs \"now own the brands, copyright in the art, and other IP rights for both collections, along with 423 CryptoPunks and 1711 Meebits\" according to their announcement. This means that they own both the 1st<\/a> and 2nd<\/a> most valuable NFT collections on the market.<\/p>\n\n\n\n

Yuga Labs plans to grant the commercial rights to all CryptoPunk and Meebit NFTs to their owners, as has been done for BAYC owners. This still means that Yuga Labs owns the collection and will \"be building the overall brand right alongside them\", but each NFT owner can monetize their specific ape.<\/p>\n\n\n\n

\"It\u2019s been amazing to watch the BAYC ecosystem use their rights to collaborate and build awesome shit we never could have dreamed up. We can\u2019t wait to see the Cryptopunks and Meebits communities do the same.<\/em>\"<\/p>Yuga Labs on Twitter<\/a><\/cite><\/blockquote>\n","post_title":"BAYC's Yuga Labs Acquires Rights To CryptoPunks And Meebits","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"baycs-yuga-labs-acquires-rights-to-cryptopunks-and-meebits","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:28","post_modified_gmt":"2022-03-14 10:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 5

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Phantom Wallet was quick to regard this as a \u201chuge\u201d collaboration for Solana and their emerging creator economy. The low cost and eco friendly nature of Solana will allow a larger range of artists the ability to experiment with NFTs. Allen stated<\/a> on Twitter that Solana will be added to the \u2019Content Credentials\u2019 tool in photoshop, allowing creators to publish NFTs from photoshop ensuring that the work stays their work. <\/p>\n\n\n\n

QuickNode which rented the space within the mainnet of Solana to Adobe is the leading Solana node provider, sustaining over 50% of the entire nodes on the network. No official statement has been released by the team yet. <\/p>\n","post_title":"Solana NFTs To Be Integrated Within Behance","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"solana-nfts-to-be-integrated-within-behance","to_ping":"","pinged":"","post_modified":"2023-04-11 12:51:53","post_modified_gmt":"2023-04-11 02:51:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4003","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3933,"post_author":"1","post_date":"2022-03-14 22:44:23","post_date_gmt":"2022-03-14 11:44:23","post_content":"\n

EtherRock #44, an NFT<\/a> valued at around US$1,000,000 was accidentally listed<\/a> for 444 Wei<\/a> (>US$0.0000001), rather than 444 Ether (US$1,151,000).<\/p>\n\n\n\n

Former owner Dino, posted about the unfortunate event on Twitter.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501802006364635139?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1501802006364635139%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.tronweekly.com%2F1m-worth-rock-nft-sells-for-under-a-penny%2F\n<\/div><\/figure>\n\n\n\n

The EtherRock was instantly purchased<\/a> and relisted by a bot, within the same block, with Dino requesting<\/a> an Etherscan refund. This has so far been unsuccessful. <\/p>\n\n\n\n

Although a very costly mistake, Dino has made his peace with the situation, agreeing it was more of an \"easy come, easy go\" situation. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501897330353934337\n<\/div><\/figure>\n\n\n\n

\"They say it is better to have rocked and lost rock than to have never rocked at all.\"<\/em><\/p>HiddenGnome on Twitter<\/a><\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"EtherRock Worth $1M Sold For A Fraction Of A Cent","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"etherrock-worth-1m-sold-for-a-fraction-of-a-cent","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/wei\/","post_modified":"2023-04-11 12:52:09","post_modified_gmt":"2023-04-11 02:52:09","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3933","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3890,"post_author":"1","post_date":"2022-03-13 19:50:24","post_date_gmt":"2022-03-13 08:50:24","post_content":"\n

Yuga Labs, the company behind the Bored Ape Yacht Club NFT collection, has acquired CryptoPunks and Meebits from fellow developer Larva Labs.<\/p>\n\n\n\n

A joint<\/a> announcement<\/a> was made by Larva Labs and Yuga Labs on Twitter<\/a> on Friday evening.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/yugalabs\/status\/1502420714527334406?s=20&t=IyM-KDtJPh0WaI5XPfA10A\n<\/div><\/figure>\n\n\n\n

Yuga Labs \"now own the brands, copyright in the art, and other IP rights for both collections, along with 423 CryptoPunks and 1711 Meebits\" according to their announcement. This means that they own both the 1st<\/a> and 2nd<\/a> most valuable NFT collections on the market.<\/p>\n\n\n\n

Yuga Labs plans to grant the commercial rights to all CryptoPunk and Meebit NFTs to their owners, as has been done for BAYC owners. This still means that Yuga Labs owns the collection and will \"be building the overall brand right alongside them\", but each NFT owner can monetize their specific ape.<\/p>\n\n\n\n

\"It\u2019s been amazing to watch the BAYC ecosystem use their rights to collaborate and build awesome shit we never could have dreamed up. We can\u2019t wait to see the Cryptopunks and Meebits communities do the same.<\/em>\"<\/p>Yuga Labs on Twitter<\/a><\/cite><\/blockquote>\n","post_title":"BAYC's Yuga Labs Acquires Rights To CryptoPunks And Meebits","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"baycs-yuga-labs-acquires-rights-to-cryptopunks-and-meebits","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:28","post_modified_gmt":"2022-03-14 10:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 5

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Notes On The Collaborators <\/h2>\n\n\n\n

Phantom Wallet was quick to regard this as a \u201chuge\u201d collaboration for Solana and their emerging creator economy. The low cost and eco friendly nature of Solana will allow a larger range of artists the ability to experiment with NFTs. Allen stated<\/a> on Twitter that Solana will be added to the \u2019Content Credentials\u2019 tool in photoshop, allowing creators to publish NFTs from photoshop ensuring that the work stays their work. <\/p>\n\n\n\n

QuickNode which rented the space within the mainnet of Solana to Adobe is the leading Solana node provider, sustaining over 50% of the entire nodes on the network. No official statement has been released by the team yet. <\/p>\n","post_title":"Solana NFTs To Be Integrated Within Behance","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"solana-nfts-to-be-integrated-within-behance","to_ping":"","pinged":"","post_modified":"2023-04-11 12:51:53","post_modified_gmt":"2023-04-11 02:51:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4003","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3933,"post_author":"1","post_date":"2022-03-14 22:44:23","post_date_gmt":"2022-03-14 11:44:23","post_content":"\n

EtherRock #44, an NFT<\/a> valued at around US$1,000,000 was accidentally listed<\/a> for 444 Wei<\/a> (>US$0.0000001), rather than 444 Ether (US$1,151,000).<\/p>\n\n\n\n

Former owner Dino, posted about the unfortunate event on Twitter.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501802006364635139?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1501802006364635139%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.tronweekly.com%2F1m-worth-rock-nft-sells-for-under-a-penny%2F\n<\/div><\/figure>\n\n\n\n

The EtherRock was instantly purchased<\/a> and relisted by a bot, within the same block, with Dino requesting<\/a> an Etherscan refund. This has so far been unsuccessful. <\/p>\n\n\n\n

Although a very costly mistake, Dino has made his peace with the situation, agreeing it was more of an \"easy come, easy go\" situation. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501897330353934337\n<\/div><\/figure>\n\n\n\n

\"They say it is better to have rocked and lost rock than to have never rocked at all.\"<\/em><\/p>HiddenGnome on Twitter<\/a><\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"EtherRock Worth $1M Sold For A Fraction Of A Cent","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"etherrock-worth-1m-sold-for-a-fraction-of-a-cent","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/wei\/","post_modified":"2023-04-11 12:52:09","post_modified_gmt":"2023-04-11 02:52:09","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3933","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3890,"post_author":"1","post_date":"2022-03-13 19:50:24","post_date_gmt":"2022-03-13 08:50:24","post_content":"\n

Yuga Labs, the company behind the Bored Ape Yacht Club NFT collection, has acquired CryptoPunks and Meebits from fellow developer Larva Labs.<\/p>\n\n\n\n

A joint<\/a> announcement<\/a> was made by Larva Labs and Yuga Labs on Twitter<\/a> on Friday evening.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/yugalabs\/status\/1502420714527334406?s=20&t=IyM-KDtJPh0WaI5XPfA10A\n<\/div><\/figure>\n\n\n\n

Yuga Labs \"now own the brands, copyright in the art, and other IP rights for both collections, along with 423 CryptoPunks and 1711 Meebits\" according to their announcement. This means that they own both the 1st<\/a> and 2nd<\/a> most valuable NFT collections on the market.<\/p>\n\n\n\n

Yuga Labs plans to grant the commercial rights to all CryptoPunk and Meebit NFTs to their owners, as has been done for BAYC owners. This still means that Yuga Labs owns the collection and will \"be building the overall brand right alongside them\", but each NFT owner can monetize their specific ape.<\/p>\n\n\n\n

\"It\u2019s been amazing to watch the BAYC ecosystem use their rights to collaborate and build awesome shit we never could have dreamed up. We can\u2019t wait to see the Cryptopunks and Meebits communities do the same.<\/em>\"<\/p>Yuga Labs on Twitter<\/a><\/cite><\/blockquote>\n","post_title":"BAYC's Yuga Labs Acquires Rights To CryptoPunks And Meebits","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"baycs-yuga-labs-acquires-rights-to-cryptopunks-and-meebits","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:28","post_modified_gmt":"2022-03-14 10:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 5

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n
\"\"<\/a>
Solanas 1 Day Price Tracker \/ Source - CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

Notes On The Collaborators <\/h2>\n\n\n\n

Phantom Wallet was quick to regard this as a \u201chuge\u201d collaboration for Solana and their emerging creator economy. The low cost and eco friendly nature of Solana will allow a larger range of artists the ability to experiment with NFTs. Allen stated<\/a> on Twitter that Solana will be added to the \u2019Content Credentials\u2019 tool in photoshop, allowing creators to publish NFTs from photoshop ensuring that the work stays their work. <\/p>\n\n\n\n

QuickNode which rented the space within the mainnet of Solana to Adobe is the leading Solana node provider, sustaining over 50% of the entire nodes on the network. No official statement has been released by the team yet. <\/p>\n","post_title":"Solana NFTs To Be Integrated Within Behance","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"solana-nfts-to-be-integrated-within-behance","to_ping":"","pinged":"","post_modified":"2023-04-11 12:51:53","post_modified_gmt":"2023-04-11 02:51:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4003","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3933,"post_author":"1","post_date":"2022-03-14 22:44:23","post_date_gmt":"2022-03-14 11:44:23","post_content":"\n

EtherRock #44, an NFT<\/a> valued at around US$1,000,000 was accidentally listed<\/a> for 444 Wei<\/a> (>US$0.0000001), rather than 444 Ether (US$1,151,000).<\/p>\n\n\n\n

Former owner Dino, posted about the unfortunate event on Twitter.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501802006364635139?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1501802006364635139%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.tronweekly.com%2F1m-worth-rock-nft-sells-for-under-a-penny%2F\n<\/div><\/figure>\n\n\n\n

The EtherRock was instantly purchased<\/a> and relisted by a bot, within the same block, with Dino requesting<\/a> an Etherscan refund. This has so far been unsuccessful. <\/p>\n\n\n\n

Although a very costly mistake, Dino has made his peace with the situation, agreeing it was more of an \"easy come, easy go\" situation. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501897330353934337\n<\/div><\/figure>\n\n\n\n

\"They say it is better to have rocked and lost rock than to have never rocked at all.\"<\/em><\/p>HiddenGnome on Twitter<\/a><\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"EtherRock Worth $1M Sold For A Fraction Of A Cent","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"etherrock-worth-1m-sold-for-a-fraction-of-a-cent","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/wei\/","post_modified":"2023-04-11 12:52:09","post_modified_gmt":"2023-04-11 02:52:09","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3933","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3890,"post_author":"1","post_date":"2022-03-13 19:50:24","post_date_gmt":"2022-03-13 08:50:24","post_content":"\n

Yuga Labs, the company behind the Bored Ape Yacht Club NFT collection, has acquired CryptoPunks and Meebits from fellow developer Larva Labs.<\/p>\n\n\n\n

A joint<\/a> announcement<\/a> was made by Larva Labs and Yuga Labs on Twitter<\/a> on Friday evening.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/yugalabs\/status\/1502420714527334406?s=20&t=IyM-KDtJPh0WaI5XPfA10A\n<\/div><\/figure>\n\n\n\n

Yuga Labs \"now own the brands, copyright in the art, and other IP rights for both collections, along with 423 CryptoPunks and 1711 Meebits\" according to their announcement. This means that they own both the 1st<\/a> and 2nd<\/a> most valuable NFT collections on the market.<\/p>\n\n\n\n

Yuga Labs plans to grant the commercial rights to all CryptoPunk and Meebit NFTs to their owners, as has been done for BAYC owners. This still means that Yuga Labs owns the collection and will \"be building the overall brand right alongside them\", but each NFT owner can monetize their specific ape.<\/p>\n\n\n\n

\"It\u2019s been amazing to watch the BAYC ecosystem use their rights to collaborate and build awesome shit we never could have dreamed up. We can\u2019t wait to see the Cryptopunks and Meebits communities do the same.<\/em>\"<\/p>Yuga Labs on Twitter<\/a><\/cite><\/blockquote>\n","post_title":"BAYC's Yuga Labs Acquires Rights To CryptoPunks And Meebits","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"baycs-yuga-labs-acquires-rights-to-cryptopunks-and-meebits","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:28","post_modified_gmt":"2022-03-14 10:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 5

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

In turn, Allen addresses<\/a> that \u201cA single transaction on Solana uses less energy than two google searches and costs a fraction of a penny\u201d insisting that it may be a better alternative for some creators. <\/p>\n\n\n\n

\"\"<\/a>
Solanas 1 Day Price Tracker \/ Source - CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

Notes On The Collaborators <\/h2>\n\n\n\n

Phantom Wallet was quick to regard this as a \u201chuge\u201d collaboration for Solana and their emerging creator economy. The low cost and eco friendly nature of Solana will allow a larger range of artists the ability to experiment with NFTs. Allen stated<\/a> on Twitter that Solana will be added to the \u2019Content Credentials\u2019 tool in photoshop, allowing creators to publish NFTs from photoshop ensuring that the work stays their work. <\/p>\n\n\n\n

QuickNode which rented the space within the mainnet of Solana to Adobe is the leading Solana node provider, sustaining over 50% of the entire nodes on the network. No official statement has been released by the team yet. <\/p>\n","post_title":"Solana NFTs To Be Integrated Within Behance","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"solana-nfts-to-be-integrated-within-behance","to_ping":"","pinged":"","post_modified":"2023-04-11 12:51:53","post_modified_gmt":"2023-04-11 02:51:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4003","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3933,"post_author":"1","post_date":"2022-03-14 22:44:23","post_date_gmt":"2022-03-14 11:44:23","post_content":"\n

EtherRock #44, an NFT<\/a> valued at around US$1,000,000 was accidentally listed<\/a> for 444 Wei<\/a> (>US$0.0000001), rather than 444 Ether (US$1,151,000).<\/p>\n\n\n\n

Former owner Dino, posted about the unfortunate event on Twitter.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501802006364635139?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1501802006364635139%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.tronweekly.com%2F1m-worth-rock-nft-sells-for-under-a-penny%2F\n<\/div><\/figure>\n\n\n\n

The EtherRock was instantly purchased<\/a> and relisted by a bot, within the same block, with Dino requesting<\/a> an Etherscan refund. This has so far been unsuccessful. <\/p>\n\n\n\n

Although a very costly mistake, Dino has made his peace with the situation, agreeing it was more of an \"easy come, easy go\" situation. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501897330353934337\n<\/div><\/figure>\n\n\n\n

\"They say it is better to have rocked and lost rock than to have never rocked at all.\"<\/em><\/p>HiddenGnome on Twitter<\/a><\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"EtherRock Worth $1M Sold For A Fraction Of A Cent","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"etherrock-worth-1m-sold-for-a-fraction-of-a-cent","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/wei\/","post_modified":"2023-04-11 12:52:09","post_modified_gmt":"2023-04-11 02:52:09","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3933","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3890,"post_author":"1","post_date":"2022-03-13 19:50:24","post_date_gmt":"2022-03-13 08:50:24","post_content":"\n

Yuga Labs, the company behind the Bored Ape Yacht Club NFT collection, has acquired CryptoPunks and Meebits from fellow developer Larva Labs.<\/p>\n\n\n\n

A joint<\/a> announcement<\/a> was made by Larva Labs and Yuga Labs on Twitter<\/a> on Friday evening.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/yugalabs\/status\/1502420714527334406?s=20&t=IyM-KDtJPh0WaI5XPfA10A\n<\/div><\/figure>\n\n\n\n

Yuga Labs \"now own the brands, copyright in the art, and other IP rights for both collections, along with 423 CryptoPunks and 1711 Meebits\" according to their announcement. This means that they own both the 1st<\/a> and 2nd<\/a> most valuable NFT collections on the market.<\/p>\n\n\n\n

Yuga Labs plans to grant the commercial rights to all CryptoPunk and Meebit NFTs to their owners, as has been done for BAYC owners. This still means that Yuga Labs owns the collection and will \"be building the overall brand right alongside them\", but each NFT owner can monetize their specific ape.<\/p>\n\n\n\n

\"It\u2019s been amazing to watch the BAYC ecosystem use their rights to collaborate and build awesome shit we never could have dreamed up. We can\u2019t wait to see the Cryptopunks and Meebits communities do the same.<\/em>\"<\/p>Yuga Labs on Twitter<\/a><\/cite><\/blockquote>\n","post_title":"BAYC's Yuga Labs Acquires Rights To CryptoPunks And Meebits","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"baycs-yuga-labs-acquires-rights-to-cryptopunks-and-meebits","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:28","post_modified_gmt":"2022-03-14 10:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 5

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n
\nhttps:\/\/twitter.com\/williamallen\/status\/1500858469447917571?s=21\n<\/div><\/figure>\n\n\n\n

In turn, Allen addresses<\/a> that \u201cA single transaction on Solana uses less energy than two google searches and costs a fraction of a penny\u201d insisting that it may be a better alternative for some creators. <\/p>\n\n\n\n

\"\"<\/a>
Solanas 1 Day Price Tracker \/ Source - CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

Notes On The Collaborators <\/h2>\n\n\n\n

Phantom Wallet was quick to regard this as a \u201chuge\u201d collaboration for Solana and their emerging creator economy. The low cost and eco friendly nature of Solana will allow a larger range of artists the ability to experiment with NFTs. Allen stated<\/a> on Twitter that Solana will be added to the \u2019Content Credentials\u2019 tool in photoshop, allowing creators to publish NFTs from photoshop ensuring that the work stays their work. <\/p>\n\n\n\n

QuickNode which rented the space within the mainnet of Solana to Adobe is the leading Solana node provider, sustaining over 50% of the entire nodes on the network. No official statement has been released by the team yet. <\/p>\n","post_title":"Solana NFTs To Be Integrated Within Behance","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"solana-nfts-to-be-integrated-within-behance","to_ping":"","pinged":"","post_modified":"2023-04-11 12:51:53","post_modified_gmt":"2023-04-11 02:51:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4003","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3933,"post_author":"1","post_date":"2022-03-14 22:44:23","post_date_gmt":"2022-03-14 11:44:23","post_content":"\n

EtherRock #44, an NFT<\/a> valued at around US$1,000,000 was accidentally listed<\/a> for 444 Wei<\/a> (>US$0.0000001), rather than 444 Ether (US$1,151,000).<\/p>\n\n\n\n

Former owner Dino, posted about the unfortunate event on Twitter.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501802006364635139?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1501802006364635139%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.tronweekly.com%2F1m-worth-rock-nft-sells-for-under-a-penny%2F\n<\/div><\/figure>\n\n\n\n

The EtherRock was instantly purchased<\/a> and relisted by a bot, within the same block, with Dino requesting<\/a> an Etherscan refund. This has so far been unsuccessful. <\/p>\n\n\n\n

Although a very costly mistake, Dino has made his peace with the situation, agreeing it was more of an \"easy come, easy go\" situation. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501897330353934337\n<\/div><\/figure>\n\n\n\n

\"They say it is better to have rocked and lost rock than to have never rocked at all.\"<\/em><\/p>HiddenGnome on Twitter<\/a><\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"EtherRock Worth $1M Sold For A Fraction Of A Cent","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"etherrock-worth-1m-sold-for-a-fraction-of-a-cent","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/wei\/","post_modified":"2023-04-11 12:52:09","post_modified_gmt":"2023-04-11 02:52:09","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3933","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3890,"post_author":"1","post_date":"2022-03-13 19:50:24","post_date_gmt":"2022-03-13 08:50:24","post_content":"\n

Yuga Labs, the company behind the Bored Ape Yacht Club NFT collection, has acquired CryptoPunks and Meebits from fellow developer Larva Labs.<\/p>\n\n\n\n

A joint<\/a> announcement<\/a> was made by Larva Labs and Yuga Labs on Twitter<\/a> on Friday evening.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/yugalabs\/status\/1502420714527334406?s=20&t=IyM-KDtJPh0WaI5XPfA10A\n<\/div><\/figure>\n\n\n\n

Yuga Labs \"now own the brands, copyright in the art, and other IP rights for both collections, along with 423 CryptoPunks and 1711 Meebits\" according to their announcement. This means that they own both the 1st<\/a> and 2nd<\/a> most valuable NFT collections on the market.<\/p>\n\n\n\n

Yuga Labs plans to grant the commercial rights to all CryptoPunk and Meebit NFTs to their owners, as has been done for BAYC owners. This still means that Yuga Labs owns the collection and will \"be building the overall brand right alongside them\", but each NFT owner can monetize their specific ape.<\/p>\n\n\n\n

\"It\u2019s been amazing to watch the BAYC ecosystem use their rights to collaborate and build awesome shit we never could have dreamed up. We can\u2019t wait to see the Cryptopunks and Meebits communities do the same.<\/em>\"<\/p>Yuga Labs on Twitter<\/a><\/cite><\/blockquote>\n","post_title":"BAYC's Yuga Labs Acquires Rights To CryptoPunks And Meebits","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"baycs-yuga-labs-acquires-rights-to-cryptopunks-and-meebits","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:28","post_modified_gmt":"2022-03-14 10:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 5

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Adobes Vice President, William Allen, stated that although there are features to implement Ethereum NFTs on the Behance platform already, creators may not want to use Ethereum due to the high gas fees<\/a>. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/williamallen\/status\/1500858469447917571?s=21\n<\/div><\/figure>\n\n\n\n

In turn, Allen addresses<\/a> that \u201cA single transaction on Solana uses less energy than two google searches and costs a fraction of a penny\u201d insisting that it may be a better alternative for some creators. <\/p>\n\n\n\n

\"\"<\/a>
Solanas 1 Day Price Tracker \/ Source - CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

Notes On The Collaborators <\/h2>\n\n\n\n

Phantom Wallet was quick to regard this as a \u201chuge\u201d collaboration for Solana and their emerging creator economy. The low cost and eco friendly nature of Solana will allow a larger range of artists the ability to experiment with NFTs. Allen stated<\/a> on Twitter that Solana will be added to the \u2019Content Credentials\u2019 tool in photoshop, allowing creators to publish NFTs from photoshop ensuring that the work stays their work. <\/p>\n\n\n\n

QuickNode which rented the space within the mainnet of Solana to Adobe is the leading Solana node provider, sustaining over 50% of the entire nodes on the network. No official statement has been released by the team yet. <\/p>\n","post_title":"Solana NFTs To Be Integrated Within Behance","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"solana-nfts-to-be-integrated-within-behance","to_ping":"","pinged":"","post_modified":"2023-04-11 12:51:53","post_modified_gmt":"2023-04-11 02:51:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4003","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3933,"post_author":"1","post_date":"2022-03-14 22:44:23","post_date_gmt":"2022-03-14 11:44:23","post_content":"\n

EtherRock #44, an NFT<\/a> valued at around US$1,000,000 was accidentally listed<\/a> for 444 Wei<\/a> (>US$0.0000001), rather than 444 Ether (US$1,151,000).<\/p>\n\n\n\n

Former owner Dino, posted about the unfortunate event on Twitter.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501802006364635139?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1501802006364635139%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.tronweekly.com%2F1m-worth-rock-nft-sells-for-under-a-penny%2F\n<\/div><\/figure>\n\n\n\n

The EtherRock was instantly purchased<\/a> and relisted by a bot, within the same block, with Dino requesting<\/a> an Etherscan refund. This has so far been unsuccessful. <\/p>\n\n\n\n

Although a very costly mistake, Dino has made his peace with the situation, agreeing it was more of an \"easy come, easy go\" situation. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501897330353934337\n<\/div><\/figure>\n\n\n\n

\"They say it is better to have rocked and lost rock than to have never rocked at all.\"<\/em><\/p>HiddenGnome on Twitter<\/a><\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"EtherRock Worth $1M Sold For A Fraction Of A Cent","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"etherrock-worth-1m-sold-for-a-fraction-of-a-cent","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/wei\/","post_modified":"2023-04-11 12:52:09","post_modified_gmt":"2023-04-11 02:52:09","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3933","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3890,"post_author":"1","post_date":"2022-03-13 19:50:24","post_date_gmt":"2022-03-13 08:50:24","post_content":"\n

Yuga Labs, the company behind the Bored Ape Yacht Club NFT collection, has acquired CryptoPunks and Meebits from fellow developer Larva Labs.<\/p>\n\n\n\n

A joint<\/a> announcement<\/a> was made by Larva Labs and Yuga Labs on Twitter<\/a> on Friday evening.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/yugalabs\/status\/1502420714527334406?s=20&t=IyM-KDtJPh0WaI5XPfA10A\n<\/div><\/figure>\n\n\n\n

Yuga Labs \"now own the brands, copyright in the art, and other IP rights for both collections, along with 423 CryptoPunks and 1711 Meebits\" according to their announcement. This means that they own both the 1st<\/a> and 2nd<\/a> most valuable NFT collections on the market.<\/p>\n\n\n\n

Yuga Labs plans to grant the commercial rights to all CryptoPunk and Meebit NFTs to their owners, as has been done for BAYC owners. This still means that Yuga Labs owns the collection and will \"be building the overall brand right alongside them\", but each NFT owner can monetize their specific ape.<\/p>\n\n\n\n

\"It\u2019s been amazing to watch the BAYC ecosystem use their rights to collaborate and build awesome shit we never could have dreamed up. We can\u2019t wait to see the Cryptopunks and Meebits communities do the same.<\/em>\"<\/p>Yuga Labs on Twitter<\/a><\/cite><\/blockquote>\n","post_title":"BAYC's Yuga Labs Acquires Rights To CryptoPunks And Meebits","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"baycs-yuga-labs-acquires-rights-to-cryptopunks-and-meebits","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:28","post_modified_gmt":"2022-03-14 10:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 5

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The feature is only available to creators who have a Phantom Wallet<\/a> connected to their Behance accounts, and are hosted by QuickNode<\/a>. Once this is done, creators can showcase various NFTs from the Solana blockchain on their profiles. <\/p>\n\n\n\n

Adobes Vice President, William Allen, stated that although there are features to implement Ethereum NFTs on the Behance platform already, creators may not want to use Ethereum due to the high gas fees<\/a>. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/williamallen\/status\/1500858469447917571?s=21\n<\/div><\/figure>\n\n\n\n

In turn, Allen addresses<\/a> that \u201cA single transaction on Solana uses less energy than two google searches and costs a fraction of a penny\u201d insisting that it may be a better alternative for some creators. <\/p>\n\n\n\n

\"\"<\/a>
Solanas 1 Day Price Tracker \/ Source - CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

Notes On The Collaborators <\/h2>\n\n\n\n

Phantom Wallet was quick to regard this as a \u201chuge\u201d collaboration for Solana and their emerging creator economy. The low cost and eco friendly nature of Solana will allow a larger range of artists the ability to experiment with NFTs. Allen stated<\/a> on Twitter that Solana will be added to the \u2019Content Credentials\u2019 tool in photoshop, allowing creators to publish NFTs from photoshop ensuring that the work stays their work. <\/p>\n\n\n\n

QuickNode which rented the space within the mainnet of Solana to Adobe is the leading Solana node provider, sustaining over 50% of the entire nodes on the network. No official statement has been released by the team yet. <\/p>\n","post_title":"Solana NFTs To Be Integrated Within Behance","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"solana-nfts-to-be-integrated-within-behance","to_ping":"","pinged":"","post_modified":"2023-04-11 12:51:53","post_modified_gmt":"2023-04-11 02:51:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4003","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3933,"post_author":"1","post_date":"2022-03-14 22:44:23","post_date_gmt":"2022-03-14 11:44:23","post_content":"\n

EtherRock #44, an NFT<\/a> valued at around US$1,000,000 was accidentally listed<\/a> for 444 Wei<\/a> (>US$0.0000001), rather than 444 Ether (US$1,151,000).<\/p>\n\n\n\n

Former owner Dino, posted about the unfortunate event on Twitter.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501802006364635139?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1501802006364635139%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.tronweekly.com%2F1m-worth-rock-nft-sells-for-under-a-penny%2F\n<\/div><\/figure>\n\n\n\n

The EtherRock was instantly purchased<\/a> and relisted by a bot, within the same block, with Dino requesting<\/a> an Etherscan refund. This has so far been unsuccessful. <\/p>\n\n\n\n

Although a very costly mistake, Dino has made his peace with the situation, agreeing it was more of an \"easy come, easy go\" situation. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501897330353934337\n<\/div><\/figure>\n\n\n\n

\"They say it is better to have rocked and lost rock than to have never rocked at all.\"<\/em><\/p>HiddenGnome on Twitter<\/a><\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"EtherRock Worth $1M Sold For A Fraction Of A Cent","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"etherrock-worth-1m-sold-for-a-fraction-of-a-cent","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/wei\/","post_modified":"2023-04-11 12:52:09","post_modified_gmt":"2023-04-11 02:52:09","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3933","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3890,"post_author":"1","post_date":"2022-03-13 19:50:24","post_date_gmt":"2022-03-13 08:50:24","post_content":"\n

Yuga Labs, the company behind the Bored Ape Yacht Club NFT collection, has acquired CryptoPunks and Meebits from fellow developer Larva Labs.<\/p>\n\n\n\n

A joint<\/a> announcement<\/a> was made by Larva Labs and Yuga Labs on Twitter<\/a> on Friday evening.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/yugalabs\/status\/1502420714527334406?s=20&t=IyM-KDtJPh0WaI5XPfA10A\n<\/div><\/figure>\n\n\n\n

Yuga Labs \"now own the brands, copyright in the art, and other IP rights for both collections, along with 423 CryptoPunks and 1711 Meebits\" according to their announcement. This means that they own both the 1st<\/a> and 2nd<\/a> most valuable NFT collections on the market.<\/p>\n\n\n\n

Yuga Labs plans to grant the commercial rights to all CryptoPunk and Meebit NFTs to their owners, as has been done for BAYC owners. This still means that Yuga Labs owns the collection and will \"be building the overall brand right alongside them\", but each NFT owner can monetize their specific ape.<\/p>\n\n\n\n

\"It\u2019s been amazing to watch the BAYC ecosystem use their rights to collaborate and build awesome shit we never could have dreamed up. We can\u2019t wait to see the Cryptopunks and Meebits communities do the same.<\/em>\"<\/p>Yuga Labs on Twitter<\/a><\/cite><\/blockquote>\n","post_title":"BAYC's Yuga Labs Acquires Rights To CryptoPunks And Meebits","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"baycs-yuga-labs-acquires-rights-to-cryptopunks-and-meebits","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:28","post_modified_gmt":"2022-03-14 10:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 5

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Adobe-backed creative showcase platform Behance<\/a> to showcase Solana NFTs within the platform. The addition of this feature will allow creators to earn from their designs.<\/p>\n\n\n\n

The feature is only available to creators who have a Phantom Wallet<\/a> connected to their Behance accounts, and are hosted by QuickNode<\/a>. Once this is done, creators can showcase various NFTs from the Solana blockchain on their profiles. <\/p>\n\n\n\n

Adobes Vice President, William Allen, stated that although there are features to implement Ethereum NFTs on the Behance platform already, creators may not want to use Ethereum due to the high gas fees<\/a>. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/williamallen\/status\/1500858469447917571?s=21\n<\/div><\/figure>\n\n\n\n

In turn, Allen addresses<\/a> that \u201cA single transaction on Solana uses less energy than two google searches and costs a fraction of a penny\u201d insisting that it may be a better alternative for some creators. <\/p>\n\n\n\n

\"\"<\/a>
Solanas 1 Day Price Tracker \/ Source - CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

Notes On The Collaborators <\/h2>\n\n\n\n

Phantom Wallet was quick to regard this as a \u201chuge\u201d collaboration for Solana and their emerging creator economy. The low cost and eco friendly nature of Solana will allow a larger range of artists the ability to experiment with NFTs. Allen stated<\/a> on Twitter that Solana will be added to the \u2019Content Credentials\u2019 tool in photoshop, allowing creators to publish NFTs from photoshop ensuring that the work stays their work. <\/p>\n\n\n\n

QuickNode which rented the space within the mainnet of Solana to Adobe is the leading Solana node provider, sustaining over 50% of the entire nodes on the network. No official statement has been released by the team yet. <\/p>\n","post_title":"Solana NFTs To Be Integrated Within Behance","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"solana-nfts-to-be-integrated-within-behance","to_ping":"","pinged":"","post_modified":"2023-04-11 12:51:53","post_modified_gmt":"2023-04-11 02:51:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4003","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3933,"post_author":"1","post_date":"2022-03-14 22:44:23","post_date_gmt":"2022-03-14 11:44:23","post_content":"\n

EtherRock #44, an NFT<\/a> valued at around US$1,000,000 was accidentally listed<\/a> for 444 Wei<\/a> (>US$0.0000001), rather than 444 Ether (US$1,151,000).<\/p>\n\n\n\n

Former owner Dino, posted about the unfortunate event on Twitter.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501802006364635139?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1501802006364635139%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.tronweekly.com%2F1m-worth-rock-nft-sells-for-under-a-penny%2F\n<\/div><\/figure>\n\n\n\n

The EtherRock was instantly purchased<\/a> and relisted by a bot, within the same block, with Dino requesting<\/a> an Etherscan refund. This has so far been unsuccessful. <\/p>\n\n\n\n

Although a very costly mistake, Dino has made his peace with the situation, agreeing it was more of an \"easy come, easy go\" situation. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501897330353934337\n<\/div><\/figure>\n\n\n\n

\"They say it is better to have rocked and lost rock than to have never rocked at all.\"<\/em><\/p>HiddenGnome on Twitter<\/a><\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"EtherRock Worth $1M Sold For A Fraction Of A Cent","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"etherrock-worth-1m-sold-for-a-fraction-of-a-cent","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/wei\/","post_modified":"2023-04-11 12:52:09","post_modified_gmt":"2023-04-11 02:52:09","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3933","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3890,"post_author":"1","post_date":"2022-03-13 19:50:24","post_date_gmt":"2022-03-13 08:50:24","post_content":"\n

Yuga Labs, the company behind the Bored Ape Yacht Club NFT collection, has acquired CryptoPunks and Meebits from fellow developer Larva Labs.<\/p>\n\n\n\n

A joint<\/a> announcement<\/a> was made by Larva Labs and Yuga Labs on Twitter<\/a> on Friday evening.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/yugalabs\/status\/1502420714527334406?s=20&t=IyM-KDtJPh0WaI5XPfA10A\n<\/div><\/figure>\n\n\n\n

Yuga Labs \"now own the brands, copyright in the art, and other IP rights for both collections, along with 423 CryptoPunks and 1711 Meebits\" according to their announcement. This means that they own both the 1st<\/a> and 2nd<\/a> most valuable NFT collections on the market.<\/p>\n\n\n\n

Yuga Labs plans to grant the commercial rights to all CryptoPunk and Meebit NFTs to their owners, as has been done for BAYC owners. This still means that Yuga Labs owns the collection and will \"be building the overall brand right alongside them\", but each NFT owner can monetize their specific ape.<\/p>\n\n\n\n

\"It\u2019s been amazing to watch the BAYC ecosystem use their rights to collaborate and build awesome shit we never could have dreamed up. We can\u2019t wait to see the Cryptopunks and Meebits communities do the same.<\/em>\"<\/p>Yuga Labs on Twitter<\/a><\/cite><\/blockquote>\n","post_title":"BAYC's Yuga Labs Acquires Rights To CryptoPunks And Meebits","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"baycs-yuga-labs-acquires-rights-to-cryptopunks-and-meebits","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:28","post_modified_gmt":"2022-03-14 10:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 5

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Will this NFT collection follow in the footsteps of his previous NFT collection and be abandoned, or will he stick by his word?<\/p>\n","post_title":"Floyd Mayweather Re-enters The World Of Crypto With \u2018Mayweverse\u2019 NFT Project","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"floyd-mayweather-re-enters-the-world-of-crypto-with-mayweverse-nft-project","to_ping":"","pinged":"","post_modified":"2022-03-24 23:37:53","post_modified_gmt":"2022-03-24 12:37:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4089","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4003,"post_author":"1","post_date":"2022-03-21 15:25:03","post_date_gmt":"2022-03-21 04:25:03","post_content":"\n

Adobe-backed creative showcase platform Behance<\/a> to showcase Solana NFTs within the platform. The addition of this feature will allow creators to earn from their designs.<\/p>\n\n\n\n

The feature is only available to creators who have a Phantom Wallet<\/a> connected to their Behance accounts, and are hosted by QuickNode<\/a>. Once this is done, creators can showcase various NFTs from the Solana blockchain on their profiles. <\/p>\n\n\n\n

Adobes Vice President, William Allen, stated that although there are features to implement Ethereum NFTs on the Behance platform already, creators may not want to use Ethereum due to the high gas fees<\/a>. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/williamallen\/status\/1500858469447917571?s=21\n<\/div><\/figure>\n\n\n\n

In turn, Allen addresses<\/a> that \u201cA single transaction on Solana uses less energy than two google searches and costs a fraction of a penny\u201d insisting that it may be a better alternative for some creators. <\/p>\n\n\n\n

\"\"<\/a>
Solanas 1 Day Price Tracker \/ Source - CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

Notes On The Collaborators <\/h2>\n\n\n\n

Phantom Wallet was quick to regard this as a \u201chuge\u201d collaboration for Solana and their emerging creator economy. The low cost and eco friendly nature of Solana will allow a larger range of artists the ability to experiment with NFTs. Allen stated<\/a> on Twitter that Solana will be added to the \u2019Content Credentials\u2019 tool in photoshop, allowing creators to publish NFTs from photoshop ensuring that the work stays their work. <\/p>\n\n\n\n

QuickNode which rented the space within the mainnet of Solana to Adobe is the leading Solana node provider, sustaining over 50% of the entire nodes on the network. No official statement has been released by the team yet. <\/p>\n","post_title":"Solana NFTs To Be Integrated Within Behance","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"solana-nfts-to-be-integrated-within-behance","to_ping":"","pinged":"","post_modified":"2023-04-11 12:51:53","post_modified_gmt":"2023-04-11 02:51:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4003","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3933,"post_author":"1","post_date":"2022-03-14 22:44:23","post_date_gmt":"2022-03-14 11:44:23","post_content":"\n

EtherRock #44, an NFT<\/a> valued at around US$1,000,000 was accidentally listed<\/a> for 444 Wei<\/a> (>US$0.0000001), rather than 444 Ether (US$1,151,000).<\/p>\n\n\n\n

Former owner Dino, posted about the unfortunate event on Twitter.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501802006364635139?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1501802006364635139%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.tronweekly.com%2F1m-worth-rock-nft-sells-for-under-a-penny%2F\n<\/div><\/figure>\n\n\n\n

The EtherRock was instantly purchased<\/a> and relisted by a bot, within the same block, with Dino requesting<\/a> an Etherscan refund. This has so far been unsuccessful. <\/p>\n\n\n\n

Although a very costly mistake, Dino has made his peace with the situation, agreeing it was more of an \"easy come, easy go\" situation. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501897330353934337\n<\/div><\/figure>\n\n\n\n

\"They say it is better to have rocked and lost rock than to have never rocked at all.\"<\/em><\/p>HiddenGnome on Twitter<\/a><\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"EtherRock Worth $1M Sold For A Fraction Of A Cent","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"etherrock-worth-1m-sold-for-a-fraction-of-a-cent","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/wei\/","post_modified":"2023-04-11 12:52:09","post_modified_gmt":"2023-04-11 02:52:09","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3933","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3890,"post_author":"1","post_date":"2022-03-13 19:50:24","post_date_gmt":"2022-03-13 08:50:24","post_content":"\n

Yuga Labs, the company behind the Bored Ape Yacht Club NFT collection, has acquired CryptoPunks and Meebits from fellow developer Larva Labs.<\/p>\n\n\n\n

A joint<\/a> announcement<\/a> was made by Larva Labs and Yuga Labs on Twitter<\/a> on Friday evening.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/yugalabs\/status\/1502420714527334406?s=20&t=IyM-KDtJPh0WaI5XPfA10A\n<\/div><\/figure>\n\n\n\n

Yuga Labs \"now own the brands, copyright in the art, and other IP rights for both collections, along with 423 CryptoPunks and 1711 Meebits\" according to their announcement. This means that they own both the 1st<\/a> and 2nd<\/a> most valuable NFT collections on the market.<\/p>\n\n\n\n

Yuga Labs plans to grant the commercial rights to all CryptoPunk and Meebit NFTs to their owners, as has been done for BAYC owners. This still means that Yuga Labs owns the collection and will \"be building the overall brand right alongside them\", but each NFT owner can monetize their specific ape.<\/p>\n\n\n\n

\"It\u2019s been amazing to watch the BAYC ecosystem use their rights to collaborate and build awesome shit we never could have dreamed up. We can\u2019t wait to see the Cryptopunks and Meebits communities do the same.<\/em>\"<\/p>Yuga Labs on Twitter<\/a><\/cite><\/blockquote>\n","post_title":"BAYC's Yuga Labs Acquires Rights To CryptoPunks And Meebits","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"baycs-yuga-labs-acquires-rights-to-cryptopunks-and-meebits","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:28","post_modified_gmt":"2022-03-14 10:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 5

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Coffezilla, known for calling out rug pulls and scams within the industry tweeted<\/a> his thoughts on the NFT project. He states \"Floyd Mayweather is frantically deleting evidence of his last NFT scam. He's getting roasted by the investors.\" <\/p>\n\n\n\n

Will this NFT collection follow in the footsteps of his previous NFT collection and be abandoned, or will he stick by his word?<\/p>\n","post_title":"Floyd Mayweather Re-enters The World Of Crypto With \u2018Mayweverse\u2019 NFT Project","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"floyd-mayweather-re-enters-the-world-of-crypto-with-mayweverse-nft-project","to_ping":"","pinged":"","post_modified":"2022-03-24 23:37:53","post_modified_gmt":"2022-03-24 12:37:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4089","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4003,"post_author":"1","post_date":"2022-03-21 15:25:03","post_date_gmt":"2022-03-21 04:25:03","post_content":"\n

Adobe-backed creative showcase platform Behance<\/a> to showcase Solana NFTs within the platform. The addition of this feature will allow creators to earn from their designs.<\/p>\n\n\n\n

The feature is only available to creators who have a Phantom Wallet<\/a> connected to their Behance accounts, and are hosted by QuickNode<\/a>. Once this is done, creators can showcase various NFTs from the Solana blockchain on their profiles. <\/p>\n\n\n\n

Adobes Vice President, William Allen, stated that although there are features to implement Ethereum NFTs on the Behance platform already, creators may not want to use Ethereum due to the high gas fees<\/a>. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/williamallen\/status\/1500858469447917571?s=21\n<\/div><\/figure>\n\n\n\n

In turn, Allen addresses<\/a> that \u201cA single transaction on Solana uses less energy than two google searches and costs a fraction of a penny\u201d insisting that it may be a better alternative for some creators. <\/p>\n\n\n\n

\"\"<\/a>
Solanas 1 Day Price Tracker \/ Source - CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

Notes On The Collaborators <\/h2>\n\n\n\n

Phantom Wallet was quick to regard this as a \u201chuge\u201d collaboration for Solana and their emerging creator economy. The low cost and eco friendly nature of Solana will allow a larger range of artists the ability to experiment with NFTs. Allen stated<\/a> on Twitter that Solana will be added to the \u2019Content Credentials\u2019 tool in photoshop, allowing creators to publish NFTs from photoshop ensuring that the work stays their work. <\/p>\n\n\n\n

QuickNode which rented the space within the mainnet of Solana to Adobe is the leading Solana node provider, sustaining over 50% of the entire nodes on the network. No official statement has been released by the team yet. <\/p>\n","post_title":"Solana NFTs To Be Integrated Within Behance","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"solana-nfts-to-be-integrated-within-behance","to_ping":"","pinged":"","post_modified":"2023-04-11 12:51:53","post_modified_gmt":"2023-04-11 02:51:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4003","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3933,"post_author":"1","post_date":"2022-03-14 22:44:23","post_date_gmt":"2022-03-14 11:44:23","post_content":"\n

EtherRock #44, an NFT<\/a> valued at around US$1,000,000 was accidentally listed<\/a> for 444 Wei<\/a> (>US$0.0000001), rather than 444 Ether (US$1,151,000).<\/p>\n\n\n\n

Former owner Dino, posted about the unfortunate event on Twitter.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501802006364635139?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1501802006364635139%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.tronweekly.com%2F1m-worth-rock-nft-sells-for-under-a-penny%2F\n<\/div><\/figure>\n\n\n\n

The EtherRock was instantly purchased<\/a> and relisted by a bot, within the same block, with Dino requesting<\/a> an Etherscan refund. This has so far been unsuccessful. <\/p>\n\n\n\n

Although a very costly mistake, Dino has made his peace with the situation, agreeing it was more of an \"easy come, easy go\" situation. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501897330353934337\n<\/div><\/figure>\n\n\n\n

\"They say it is better to have rocked and lost rock than to have never rocked at all.\"<\/em><\/p>HiddenGnome on Twitter<\/a><\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"EtherRock Worth $1M Sold For A Fraction Of A Cent","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"etherrock-worth-1m-sold-for-a-fraction-of-a-cent","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/wei\/","post_modified":"2023-04-11 12:52:09","post_modified_gmt":"2023-04-11 02:52:09","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3933","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3890,"post_author":"1","post_date":"2022-03-13 19:50:24","post_date_gmt":"2022-03-13 08:50:24","post_content":"\n

Yuga Labs, the company behind the Bored Ape Yacht Club NFT collection, has acquired CryptoPunks and Meebits from fellow developer Larva Labs.<\/p>\n\n\n\n

A joint<\/a> announcement<\/a> was made by Larva Labs and Yuga Labs on Twitter<\/a> on Friday evening.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/yugalabs\/status\/1502420714527334406?s=20&t=IyM-KDtJPh0WaI5XPfA10A\n<\/div><\/figure>\n\n\n\n

Yuga Labs \"now own the brands, copyright in the art, and other IP rights for both collections, along with 423 CryptoPunks and 1711 Meebits\" according to their announcement. This means that they own both the 1st<\/a> and 2nd<\/a> most valuable NFT collections on the market.<\/p>\n\n\n\n

Yuga Labs plans to grant the commercial rights to all CryptoPunk and Meebit NFTs to their owners, as has been done for BAYC owners. This still means that Yuga Labs owns the collection and will \"be building the overall brand right alongside them\", but each NFT owner can monetize their specific ape.<\/p>\n\n\n\n

\"It\u2019s been amazing to watch the BAYC ecosystem use their rights to collaborate and build awesome shit we never could have dreamed up. We can\u2019t wait to see the Cryptopunks and Meebits communities do the same.<\/em>\"<\/p>Yuga Labs on Twitter<\/a><\/cite><\/blockquote>\n","post_title":"BAYC's Yuga Labs Acquires Rights To CryptoPunks And Meebits","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"baycs-yuga-labs-acquires-rights-to-cryptopunks-and-meebits","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:28","post_modified_gmt":"2022-03-14 10:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 5

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Users were quick to call his bluff<\/a>. Floyd states that he has been working on this for months, although the twitter handle @mayweverse<\/a> was created this month. <\/p>\n\n\n\n

Coffezilla, known for calling out rug pulls and scams within the industry tweeted<\/a> his thoughts on the NFT project. He states \"Floyd Mayweather is frantically deleting evidence of his last NFT scam. He's getting roasted by the investors.\" <\/p>\n\n\n\n

Will this NFT collection follow in the footsteps of his previous NFT collection and be abandoned, or will he stick by his word?<\/p>\n","post_title":"Floyd Mayweather Re-enters The World Of Crypto With \u2018Mayweverse\u2019 NFT Project","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"floyd-mayweather-re-enters-the-world-of-crypto-with-mayweverse-nft-project","to_ping":"","pinged":"","post_modified":"2022-03-24 23:37:53","post_modified_gmt":"2022-03-24 12:37:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4089","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4003,"post_author":"1","post_date":"2022-03-21 15:25:03","post_date_gmt":"2022-03-21 04:25:03","post_content":"\n

Adobe-backed creative showcase platform Behance<\/a> to showcase Solana NFTs within the platform. The addition of this feature will allow creators to earn from their designs.<\/p>\n\n\n\n

The feature is only available to creators who have a Phantom Wallet<\/a> connected to their Behance accounts, and are hosted by QuickNode<\/a>. Once this is done, creators can showcase various NFTs from the Solana blockchain on their profiles. <\/p>\n\n\n\n

Adobes Vice President, William Allen, stated that although there are features to implement Ethereum NFTs on the Behance platform already, creators may not want to use Ethereum due to the high gas fees<\/a>. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/williamallen\/status\/1500858469447917571?s=21\n<\/div><\/figure>\n\n\n\n

In turn, Allen addresses<\/a> that \u201cA single transaction on Solana uses less energy than two google searches and costs a fraction of a penny\u201d insisting that it may be a better alternative for some creators. <\/p>\n\n\n\n

\"\"<\/a>
Solanas 1 Day Price Tracker \/ Source - CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

Notes On The Collaborators <\/h2>\n\n\n\n

Phantom Wallet was quick to regard this as a \u201chuge\u201d collaboration for Solana and their emerging creator economy. The low cost and eco friendly nature of Solana will allow a larger range of artists the ability to experiment with NFTs. Allen stated<\/a> on Twitter that Solana will be added to the \u2019Content Credentials\u2019 tool in photoshop, allowing creators to publish NFTs from photoshop ensuring that the work stays their work. <\/p>\n\n\n\n

QuickNode which rented the space within the mainnet of Solana to Adobe is the leading Solana node provider, sustaining over 50% of the entire nodes on the network. No official statement has been released by the team yet. <\/p>\n","post_title":"Solana NFTs To Be Integrated Within Behance","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"solana-nfts-to-be-integrated-within-behance","to_ping":"","pinged":"","post_modified":"2023-04-11 12:51:53","post_modified_gmt":"2023-04-11 02:51:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4003","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3933,"post_author":"1","post_date":"2022-03-14 22:44:23","post_date_gmt":"2022-03-14 11:44:23","post_content":"\n

EtherRock #44, an NFT<\/a> valued at around US$1,000,000 was accidentally listed<\/a> for 444 Wei<\/a> (>US$0.0000001), rather than 444 Ether (US$1,151,000).<\/p>\n\n\n\n

Former owner Dino, posted about the unfortunate event on Twitter.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501802006364635139?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1501802006364635139%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.tronweekly.com%2F1m-worth-rock-nft-sells-for-under-a-penny%2F\n<\/div><\/figure>\n\n\n\n

The EtherRock was instantly purchased<\/a> and relisted by a bot, within the same block, with Dino requesting<\/a> an Etherscan refund. This has so far been unsuccessful. <\/p>\n\n\n\n

Although a very costly mistake, Dino has made his peace with the situation, agreeing it was more of an \"easy come, easy go\" situation. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501897330353934337\n<\/div><\/figure>\n\n\n\n

\"They say it is better to have rocked and lost rock than to have never rocked at all.\"<\/em><\/p>HiddenGnome on Twitter<\/a><\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"EtherRock Worth $1M Sold For A Fraction Of A Cent","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"etherrock-worth-1m-sold-for-a-fraction-of-a-cent","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/wei\/","post_modified":"2023-04-11 12:52:09","post_modified_gmt":"2023-04-11 02:52:09","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3933","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3890,"post_author":"1","post_date":"2022-03-13 19:50:24","post_date_gmt":"2022-03-13 08:50:24","post_content":"\n

Yuga Labs, the company behind the Bored Ape Yacht Club NFT collection, has acquired CryptoPunks and Meebits from fellow developer Larva Labs.<\/p>\n\n\n\n

A joint<\/a> announcement<\/a> was made by Larva Labs and Yuga Labs on Twitter<\/a> on Friday evening.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/yugalabs\/status\/1502420714527334406?s=20&t=IyM-KDtJPh0WaI5XPfA10A\n<\/div><\/figure>\n\n\n\n

Yuga Labs \"now own the brands, copyright in the art, and other IP rights for both collections, along with 423 CryptoPunks and 1711 Meebits\" according to their announcement. This means that they own both the 1st<\/a> and 2nd<\/a> most valuable NFT collections on the market.<\/p>\n\n\n\n

Yuga Labs plans to grant the commercial rights to all CryptoPunk and Meebit NFTs to their owners, as has been done for BAYC owners. This still means that Yuga Labs owns the collection and will \"be building the overall brand right alongside them\", but each NFT owner can monetize their specific ape.<\/p>\n\n\n\n

\"It\u2019s been amazing to watch the BAYC ecosystem use their rights to collaborate and build awesome shit we never could have dreamed up. We can\u2019t wait to see the Cryptopunks and Meebits communities do the same.<\/em>\"<\/p>Yuga Labs on Twitter<\/a><\/cite><\/blockquote>\n","post_title":"BAYC's Yuga Labs Acquires Rights To CryptoPunks And Meebits","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"baycs-yuga-labs-acquires-rights-to-cryptopunks-and-meebits","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:28","post_modified_gmt":"2022-03-14 10:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 5

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n
\nhttps:\/\/twitter.com\/Berke_eth\/status\/1506051809542037506\n<\/div><\/figure>\n\n\n\n

Users were quick to call his bluff<\/a>. Floyd states that he has been working on this for months, although the twitter handle @mayweverse<\/a> was created this month. <\/p>\n\n\n\n

Coffezilla, known for calling out rug pulls and scams within the industry tweeted<\/a> his thoughts on the NFT project. He states \"Floyd Mayweather is frantically deleting evidence of his last NFT scam. He's getting roasted by the investors.\" <\/p>\n\n\n\n

Will this NFT collection follow in the footsteps of his previous NFT collection and be abandoned, or will he stick by his word?<\/p>\n","post_title":"Floyd Mayweather Re-enters The World Of Crypto With \u2018Mayweverse\u2019 NFT Project","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"floyd-mayweather-re-enters-the-world-of-crypto-with-mayweverse-nft-project","to_ping":"","pinged":"","post_modified":"2022-03-24 23:37:53","post_modified_gmt":"2022-03-24 12:37:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4089","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4003,"post_author":"1","post_date":"2022-03-21 15:25:03","post_date_gmt":"2022-03-21 04:25:03","post_content":"\n

Adobe-backed creative showcase platform Behance<\/a> to showcase Solana NFTs within the platform. The addition of this feature will allow creators to earn from their designs.<\/p>\n\n\n\n

The feature is only available to creators who have a Phantom Wallet<\/a> connected to their Behance accounts, and are hosted by QuickNode<\/a>. Once this is done, creators can showcase various NFTs from the Solana blockchain on their profiles. <\/p>\n\n\n\n

Adobes Vice President, William Allen, stated that although there are features to implement Ethereum NFTs on the Behance platform already, creators may not want to use Ethereum due to the high gas fees<\/a>. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/williamallen\/status\/1500858469447917571?s=21\n<\/div><\/figure>\n\n\n\n

In turn, Allen addresses<\/a> that \u201cA single transaction on Solana uses less energy than two google searches and costs a fraction of a penny\u201d insisting that it may be a better alternative for some creators. <\/p>\n\n\n\n

\"\"<\/a>
Solanas 1 Day Price Tracker \/ Source - CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

Notes On The Collaborators <\/h2>\n\n\n\n

Phantom Wallet was quick to regard this as a \u201chuge\u201d collaboration for Solana and their emerging creator economy. The low cost and eco friendly nature of Solana will allow a larger range of artists the ability to experiment with NFTs. Allen stated<\/a> on Twitter that Solana will be added to the \u2019Content Credentials\u2019 tool in photoshop, allowing creators to publish NFTs from photoshop ensuring that the work stays their work. <\/p>\n\n\n\n

QuickNode which rented the space within the mainnet of Solana to Adobe is the leading Solana node provider, sustaining over 50% of the entire nodes on the network. No official statement has been released by the team yet. <\/p>\n","post_title":"Solana NFTs To Be Integrated Within Behance","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"solana-nfts-to-be-integrated-within-behance","to_ping":"","pinged":"","post_modified":"2023-04-11 12:51:53","post_modified_gmt":"2023-04-11 02:51:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4003","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3933,"post_author":"1","post_date":"2022-03-14 22:44:23","post_date_gmt":"2022-03-14 11:44:23","post_content":"\n

EtherRock #44, an NFT<\/a> valued at around US$1,000,000 was accidentally listed<\/a> for 444 Wei<\/a> (>US$0.0000001), rather than 444 Ether (US$1,151,000).<\/p>\n\n\n\n

Former owner Dino, posted about the unfortunate event on Twitter.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501802006364635139?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1501802006364635139%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.tronweekly.com%2F1m-worth-rock-nft-sells-for-under-a-penny%2F\n<\/div><\/figure>\n\n\n\n

The EtherRock was instantly purchased<\/a> and relisted by a bot, within the same block, with Dino requesting<\/a> an Etherscan refund. This has so far been unsuccessful. <\/p>\n\n\n\n

Although a very costly mistake, Dino has made his peace with the situation, agreeing it was more of an \"easy come, easy go\" situation. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501897330353934337\n<\/div><\/figure>\n\n\n\n

\"They say it is better to have rocked and lost rock than to have never rocked at all.\"<\/em><\/p>HiddenGnome on Twitter<\/a><\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"EtherRock Worth $1M Sold For A Fraction Of A Cent","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"etherrock-worth-1m-sold-for-a-fraction-of-a-cent","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/wei\/","post_modified":"2023-04-11 12:52:09","post_modified_gmt":"2023-04-11 02:52:09","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3933","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3890,"post_author":"1","post_date":"2022-03-13 19:50:24","post_date_gmt":"2022-03-13 08:50:24","post_content":"\n

Yuga Labs, the company behind the Bored Ape Yacht Club NFT collection, has acquired CryptoPunks and Meebits from fellow developer Larva Labs.<\/p>\n\n\n\n

A joint<\/a> announcement<\/a> was made by Larva Labs and Yuga Labs on Twitter<\/a> on Friday evening.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/yugalabs\/status\/1502420714527334406?s=20&t=IyM-KDtJPh0WaI5XPfA10A\n<\/div><\/figure>\n\n\n\n

Yuga Labs \"now own the brands, copyright in the art, and other IP rights for both collections, along with 423 CryptoPunks and 1711 Meebits\" according to their announcement. This means that they own both the 1st<\/a> and 2nd<\/a> most valuable NFT collections on the market.<\/p>\n\n\n\n

Yuga Labs plans to grant the commercial rights to all CryptoPunk and Meebit NFTs to their owners, as has been done for BAYC owners. This still means that Yuga Labs owns the collection and will \"be building the overall brand right alongside them\", but each NFT owner can monetize their specific ape.<\/p>\n\n\n\n

\"It\u2019s been amazing to watch the BAYC ecosystem use their rights to collaborate and build awesome shit we never could have dreamed up. We can\u2019t wait to see the Cryptopunks and Meebits communities do the same.<\/em>\"<\/p>Yuga Labs on Twitter<\/a><\/cite><\/blockquote>\n","post_title":"BAYC's Yuga Labs Acquires Rights To CryptoPunks And Meebits","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"baycs-yuga-labs-acquires-rights-to-cryptopunks-and-meebits","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:28","post_modified_gmt":"2022-03-14 10:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 5

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Despite how good it may sounds, Twitter users were quick to criticize. Floyd was reminded<\/a> of his previous NFT project<\/a>, which made him nearly US$5 million and is now worthless. \u201cYou already have an NFT project, it\u2019s called @RealFloydNFT. You released it last year and then stopped working on it immediately after. Have you been punched in the head so much that you\u2019re forgetting these things now?\u201d<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Berke_eth\/status\/1506051809542037506\n<\/div><\/figure>\n\n\n\n

Users were quick to call his bluff<\/a>. Floyd states that he has been working on this for months, although the twitter handle @mayweverse<\/a> was created this month. <\/p>\n\n\n\n

Coffezilla, known for calling out rug pulls and scams within the industry tweeted<\/a> his thoughts on the NFT project. He states \"Floyd Mayweather is frantically deleting evidence of his last NFT scam. He's getting roasted by the investors.\" <\/p>\n\n\n\n

Will this NFT collection follow in the footsteps of his previous NFT collection and be abandoned, or will he stick by his word?<\/p>\n","post_title":"Floyd Mayweather Re-enters The World Of Crypto With \u2018Mayweverse\u2019 NFT Project","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"floyd-mayweather-re-enters-the-world-of-crypto-with-mayweverse-nft-project","to_ping":"","pinged":"","post_modified":"2022-03-24 23:37:53","post_modified_gmt":"2022-03-24 12:37:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4089","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4003,"post_author":"1","post_date":"2022-03-21 15:25:03","post_date_gmt":"2022-03-21 04:25:03","post_content":"\n

Adobe-backed creative showcase platform Behance<\/a> to showcase Solana NFTs within the platform. The addition of this feature will allow creators to earn from their designs.<\/p>\n\n\n\n

The feature is only available to creators who have a Phantom Wallet<\/a> connected to their Behance accounts, and are hosted by QuickNode<\/a>. Once this is done, creators can showcase various NFTs from the Solana blockchain on their profiles. <\/p>\n\n\n\n

Adobes Vice President, William Allen, stated that although there are features to implement Ethereum NFTs on the Behance platform already, creators may not want to use Ethereum due to the high gas fees<\/a>. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/williamallen\/status\/1500858469447917571?s=21\n<\/div><\/figure>\n\n\n\n

In turn, Allen addresses<\/a> that \u201cA single transaction on Solana uses less energy than two google searches and costs a fraction of a penny\u201d insisting that it may be a better alternative for some creators. <\/p>\n\n\n\n

\"\"<\/a>
Solanas 1 Day Price Tracker \/ Source - CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

Notes On The Collaborators <\/h2>\n\n\n\n

Phantom Wallet was quick to regard this as a \u201chuge\u201d collaboration for Solana and their emerging creator economy. The low cost and eco friendly nature of Solana will allow a larger range of artists the ability to experiment with NFTs. Allen stated<\/a> on Twitter that Solana will be added to the \u2019Content Credentials\u2019 tool in photoshop, allowing creators to publish NFTs from photoshop ensuring that the work stays their work. <\/p>\n\n\n\n

QuickNode which rented the space within the mainnet of Solana to Adobe is the leading Solana node provider, sustaining over 50% of the entire nodes on the network. No official statement has been released by the team yet. <\/p>\n","post_title":"Solana NFTs To Be Integrated Within Behance","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"solana-nfts-to-be-integrated-within-behance","to_ping":"","pinged":"","post_modified":"2023-04-11 12:51:53","post_modified_gmt":"2023-04-11 02:51:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4003","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3933,"post_author":"1","post_date":"2022-03-14 22:44:23","post_date_gmt":"2022-03-14 11:44:23","post_content":"\n

EtherRock #44, an NFT<\/a> valued at around US$1,000,000 was accidentally listed<\/a> for 444 Wei<\/a> (>US$0.0000001), rather than 444 Ether (US$1,151,000).<\/p>\n\n\n\n

Former owner Dino, posted about the unfortunate event on Twitter.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501802006364635139?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1501802006364635139%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.tronweekly.com%2F1m-worth-rock-nft-sells-for-under-a-penny%2F\n<\/div><\/figure>\n\n\n\n

The EtherRock was instantly purchased<\/a> and relisted by a bot, within the same block, with Dino requesting<\/a> an Etherscan refund. This has so far been unsuccessful. <\/p>\n\n\n\n

Although a very costly mistake, Dino has made his peace with the situation, agreeing it was more of an \"easy come, easy go\" situation. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501897330353934337\n<\/div><\/figure>\n\n\n\n

\"They say it is better to have rocked and lost rock than to have never rocked at all.\"<\/em><\/p>HiddenGnome on Twitter<\/a><\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"EtherRock Worth $1M Sold For A Fraction Of A Cent","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"etherrock-worth-1m-sold-for-a-fraction-of-a-cent","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/wei\/","post_modified":"2023-04-11 12:52:09","post_modified_gmt":"2023-04-11 02:52:09","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3933","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3890,"post_author":"1","post_date":"2022-03-13 19:50:24","post_date_gmt":"2022-03-13 08:50:24","post_content":"\n

Yuga Labs, the company behind the Bored Ape Yacht Club NFT collection, has acquired CryptoPunks and Meebits from fellow developer Larva Labs.<\/p>\n\n\n\n

A joint<\/a> announcement<\/a> was made by Larva Labs and Yuga Labs on Twitter<\/a> on Friday evening.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/yugalabs\/status\/1502420714527334406?s=20&t=IyM-KDtJPh0WaI5XPfA10A\n<\/div><\/figure>\n\n\n\n

Yuga Labs \"now own the brands, copyright in the art, and other IP rights for both collections, along with 423 CryptoPunks and 1711 Meebits\" according to their announcement. This means that they own both the 1st<\/a> and 2nd<\/a> most valuable NFT collections on the market.<\/p>\n\n\n\n

Yuga Labs plans to grant the commercial rights to all CryptoPunk and Meebit NFTs to their owners, as has been done for BAYC owners. This still means that Yuga Labs owns the collection and will \"be building the overall brand right alongside them\", but each NFT owner can monetize their specific ape.<\/p>\n\n\n\n

\"It\u2019s been amazing to watch the BAYC ecosystem use their rights to collaborate and build awesome shit we never could have dreamed up. We can\u2019t wait to see the Cryptopunks and Meebits communities do the same.<\/em>\"<\/p>Yuga Labs on Twitter<\/a><\/cite><\/blockquote>\n","post_title":"BAYC's Yuga Labs Acquires Rights To CryptoPunks And Meebits","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"baycs-yuga-labs-acquires-rights-to-cryptopunks-and-meebits","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:28","post_modified_gmt":"2022-03-14 10:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 5

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The project will consist of 5 different NFTs, each NFT will have 1000 copies available to mint. Every card has its own rarity, utility, and prizes. <\/p>\n\n\n\n

Despite how good it may sounds, Twitter users were quick to criticize. Floyd was reminded<\/a> of his previous NFT project<\/a>, which made him nearly US$5 million and is now worthless. \u201cYou already have an NFT project, it\u2019s called @RealFloydNFT. You released it last year and then stopped working on it immediately after. Have you been punched in the head so much that you\u2019re forgetting these things now?\u201d<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Berke_eth\/status\/1506051809542037506\n<\/div><\/figure>\n\n\n\n

Users were quick to call his bluff<\/a>. Floyd states that he has been working on this for months, although the twitter handle @mayweverse<\/a> was created this month. <\/p>\n\n\n\n

Coffezilla, known for calling out rug pulls and scams within the industry tweeted<\/a> his thoughts on the NFT project. He states \"Floyd Mayweather is frantically deleting evidence of his last NFT scam. He's getting roasted by the investors.\" <\/p>\n\n\n\n

Will this NFT collection follow in the footsteps of his previous NFT collection and be abandoned, or will he stick by his word?<\/p>\n","post_title":"Floyd Mayweather Re-enters The World Of Crypto With \u2018Mayweverse\u2019 NFT Project","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"floyd-mayweather-re-enters-the-world-of-crypto-with-mayweverse-nft-project","to_ping":"","pinged":"","post_modified":"2022-03-24 23:37:53","post_modified_gmt":"2022-03-24 12:37:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4089","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4003,"post_author":"1","post_date":"2022-03-21 15:25:03","post_date_gmt":"2022-03-21 04:25:03","post_content":"\n

Adobe-backed creative showcase platform Behance<\/a> to showcase Solana NFTs within the platform. The addition of this feature will allow creators to earn from their designs.<\/p>\n\n\n\n

The feature is only available to creators who have a Phantom Wallet<\/a> connected to their Behance accounts, and are hosted by QuickNode<\/a>. Once this is done, creators can showcase various NFTs from the Solana blockchain on their profiles. <\/p>\n\n\n\n

Adobes Vice President, William Allen, stated that although there are features to implement Ethereum NFTs on the Behance platform already, creators may not want to use Ethereum due to the high gas fees<\/a>. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/williamallen\/status\/1500858469447917571?s=21\n<\/div><\/figure>\n\n\n\n

In turn, Allen addresses<\/a> that \u201cA single transaction on Solana uses less energy than two google searches and costs a fraction of a penny\u201d insisting that it may be a better alternative for some creators. <\/p>\n\n\n\n

\"\"<\/a>
Solanas 1 Day Price Tracker \/ Source - CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

Notes On The Collaborators <\/h2>\n\n\n\n

Phantom Wallet was quick to regard this as a \u201chuge\u201d collaboration for Solana and their emerging creator economy. The low cost and eco friendly nature of Solana will allow a larger range of artists the ability to experiment with NFTs. Allen stated<\/a> on Twitter that Solana will be added to the \u2019Content Credentials\u2019 tool in photoshop, allowing creators to publish NFTs from photoshop ensuring that the work stays their work. <\/p>\n\n\n\n

QuickNode which rented the space within the mainnet of Solana to Adobe is the leading Solana node provider, sustaining over 50% of the entire nodes on the network. No official statement has been released by the team yet. <\/p>\n","post_title":"Solana NFTs To Be Integrated Within Behance","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"solana-nfts-to-be-integrated-within-behance","to_ping":"","pinged":"","post_modified":"2023-04-11 12:51:53","post_modified_gmt":"2023-04-11 02:51:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4003","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3933,"post_author":"1","post_date":"2022-03-14 22:44:23","post_date_gmt":"2022-03-14 11:44:23","post_content":"\n

EtherRock #44, an NFT<\/a> valued at around US$1,000,000 was accidentally listed<\/a> for 444 Wei<\/a> (>US$0.0000001), rather than 444 Ether (US$1,151,000).<\/p>\n\n\n\n

Former owner Dino, posted about the unfortunate event on Twitter.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501802006364635139?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1501802006364635139%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.tronweekly.com%2F1m-worth-rock-nft-sells-for-under-a-penny%2F\n<\/div><\/figure>\n\n\n\n

The EtherRock was instantly purchased<\/a> and relisted by a bot, within the same block, with Dino requesting<\/a> an Etherscan refund. This has so far been unsuccessful. <\/p>\n\n\n\n

Although a very costly mistake, Dino has made his peace with the situation, agreeing it was more of an \"easy come, easy go\" situation. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501897330353934337\n<\/div><\/figure>\n\n\n\n

\"They say it is better to have rocked and lost rock than to have never rocked at all.\"<\/em><\/p>HiddenGnome on Twitter<\/a><\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"EtherRock Worth $1M Sold For A Fraction Of A Cent","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"etherrock-worth-1m-sold-for-a-fraction-of-a-cent","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/wei\/","post_modified":"2023-04-11 12:52:09","post_modified_gmt":"2023-04-11 02:52:09","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3933","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3890,"post_author":"1","post_date":"2022-03-13 19:50:24","post_date_gmt":"2022-03-13 08:50:24","post_content":"\n

Yuga Labs, the company behind the Bored Ape Yacht Club NFT collection, has acquired CryptoPunks and Meebits from fellow developer Larva Labs.<\/p>\n\n\n\n

A joint<\/a> announcement<\/a> was made by Larva Labs and Yuga Labs on Twitter<\/a> on Friday evening.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/yugalabs\/status\/1502420714527334406?s=20&t=IyM-KDtJPh0WaI5XPfA10A\n<\/div><\/figure>\n\n\n\n

Yuga Labs \"now own the brands, copyright in the art, and other IP rights for both collections, along with 423 CryptoPunks and 1711 Meebits\" according to their announcement. This means that they own both the 1st<\/a> and 2nd<\/a> most valuable NFT collections on the market.<\/p>\n\n\n\n

Yuga Labs plans to grant the commercial rights to all CryptoPunk and Meebit NFTs to their owners, as has been done for BAYC owners. This still means that Yuga Labs owns the collection and will \"be building the overall brand right alongside them\", but each NFT owner can monetize their specific ape.<\/p>\n\n\n\n

\"It\u2019s been amazing to watch the BAYC ecosystem use their rights to collaborate and build awesome shit we never could have dreamed up. We can\u2019t wait to see the Cryptopunks and Meebits communities do the same.<\/em>\"<\/p>Yuga Labs on Twitter<\/a><\/cite><\/blockquote>\n","post_title":"BAYC's Yuga Labs Acquires Rights To CryptoPunks And Meebits","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"baycs-yuga-labs-acquires-rights-to-cryptopunks-and-meebits","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:28","post_modified_gmt":"2022-03-14 10:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 5

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Floyd \u2019Money\u2019 Mayweather has re-entered the world of cryptocurrency with the announcement of his 2nd NFT project, dubbed Mayweverse. <\/p>\n\n\n\n

The project will consist of 5 different NFTs, each NFT will have 1000 copies available to mint. Every card has its own rarity, utility, and prizes. <\/p>\n\n\n\n

Despite how good it may sounds, Twitter users were quick to criticize. Floyd was reminded<\/a> of his previous NFT project<\/a>, which made him nearly US$5 million and is now worthless. \u201cYou already have an NFT project, it\u2019s called @RealFloydNFT. You released it last year and then stopped working on it immediately after. Have you been punched in the head so much that you\u2019re forgetting these things now?\u201d<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Berke_eth\/status\/1506051809542037506\n<\/div><\/figure>\n\n\n\n

Users were quick to call his bluff<\/a>. Floyd states that he has been working on this for months, although the twitter handle @mayweverse<\/a> was created this month. <\/p>\n\n\n\n

Coffezilla, known for calling out rug pulls and scams within the industry tweeted<\/a> his thoughts on the NFT project. He states \"Floyd Mayweather is frantically deleting evidence of his last NFT scam. He's getting roasted by the investors.\" <\/p>\n\n\n\n

Will this NFT collection follow in the footsteps of his previous NFT collection and be abandoned, or will he stick by his word?<\/p>\n","post_title":"Floyd Mayweather Re-enters The World Of Crypto With \u2018Mayweverse\u2019 NFT Project","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"floyd-mayweather-re-enters-the-world-of-crypto-with-mayweverse-nft-project","to_ping":"","pinged":"","post_modified":"2022-03-24 23:37:53","post_modified_gmt":"2022-03-24 12:37:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4089","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4003,"post_author":"1","post_date":"2022-03-21 15:25:03","post_date_gmt":"2022-03-21 04:25:03","post_content":"\n

Adobe-backed creative showcase platform Behance<\/a> to showcase Solana NFTs within the platform. The addition of this feature will allow creators to earn from their designs.<\/p>\n\n\n\n

The feature is only available to creators who have a Phantom Wallet<\/a> connected to their Behance accounts, and are hosted by QuickNode<\/a>. Once this is done, creators can showcase various NFTs from the Solana blockchain on their profiles. <\/p>\n\n\n\n

Adobes Vice President, William Allen, stated that although there are features to implement Ethereum NFTs on the Behance platform already, creators may not want to use Ethereum due to the high gas fees<\/a>. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/williamallen\/status\/1500858469447917571?s=21\n<\/div><\/figure>\n\n\n\n

In turn, Allen addresses<\/a> that \u201cA single transaction on Solana uses less energy than two google searches and costs a fraction of a penny\u201d insisting that it may be a better alternative for some creators. <\/p>\n\n\n\n

\"\"<\/a>
Solanas 1 Day Price Tracker \/ Source - CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

Notes On The Collaborators <\/h2>\n\n\n\n

Phantom Wallet was quick to regard this as a \u201chuge\u201d collaboration for Solana and their emerging creator economy. The low cost and eco friendly nature of Solana will allow a larger range of artists the ability to experiment with NFTs. Allen stated<\/a> on Twitter that Solana will be added to the \u2019Content Credentials\u2019 tool in photoshop, allowing creators to publish NFTs from photoshop ensuring that the work stays their work. <\/p>\n\n\n\n

QuickNode which rented the space within the mainnet of Solana to Adobe is the leading Solana node provider, sustaining over 50% of the entire nodes on the network. No official statement has been released by the team yet. <\/p>\n","post_title":"Solana NFTs To Be Integrated Within Behance","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"solana-nfts-to-be-integrated-within-behance","to_ping":"","pinged":"","post_modified":"2023-04-11 12:51:53","post_modified_gmt":"2023-04-11 02:51:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4003","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3933,"post_author":"1","post_date":"2022-03-14 22:44:23","post_date_gmt":"2022-03-14 11:44:23","post_content":"\n

EtherRock #44, an NFT<\/a> valued at around US$1,000,000 was accidentally listed<\/a> for 444 Wei<\/a> (>US$0.0000001), rather than 444 Ether (US$1,151,000).<\/p>\n\n\n\n

Former owner Dino, posted about the unfortunate event on Twitter.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501802006364635139?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1501802006364635139%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.tronweekly.com%2F1m-worth-rock-nft-sells-for-under-a-penny%2F\n<\/div><\/figure>\n\n\n\n

The EtherRock was instantly purchased<\/a> and relisted by a bot, within the same block, with Dino requesting<\/a> an Etherscan refund. This has so far been unsuccessful. <\/p>\n\n\n\n

Although a very costly mistake, Dino has made his peace with the situation, agreeing it was more of an \"easy come, easy go\" situation. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501897330353934337\n<\/div><\/figure>\n\n\n\n

\"They say it is better to have rocked and lost rock than to have never rocked at all.\"<\/em><\/p>HiddenGnome on Twitter<\/a><\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"EtherRock Worth $1M Sold For A Fraction Of A Cent","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"etherrock-worth-1m-sold-for-a-fraction-of-a-cent","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/wei\/","post_modified":"2023-04-11 12:52:09","post_modified_gmt":"2023-04-11 02:52:09","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3933","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3890,"post_author":"1","post_date":"2022-03-13 19:50:24","post_date_gmt":"2022-03-13 08:50:24","post_content":"\n

Yuga Labs, the company behind the Bored Ape Yacht Club NFT collection, has acquired CryptoPunks and Meebits from fellow developer Larva Labs.<\/p>\n\n\n\n

A joint<\/a> announcement<\/a> was made by Larva Labs and Yuga Labs on Twitter<\/a> on Friday evening.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/yugalabs\/status\/1502420714527334406?s=20&t=IyM-KDtJPh0WaI5XPfA10A\n<\/div><\/figure>\n\n\n\n

Yuga Labs \"now own the brands, copyright in the art, and other IP rights for both collections, along with 423 CryptoPunks and 1711 Meebits\" according to their announcement. This means that they own both the 1st<\/a> and 2nd<\/a> most valuable NFT collections on the market.<\/p>\n\n\n\n

Yuga Labs plans to grant the commercial rights to all CryptoPunk and Meebit NFTs to their owners, as has been done for BAYC owners. This still means that Yuga Labs owns the collection and will \"be building the overall brand right alongside them\", but each NFT owner can monetize their specific ape.<\/p>\n\n\n\n

\"It\u2019s been amazing to watch the BAYC ecosystem use their rights to collaborate and build awesome shit we never could have dreamed up. We can\u2019t wait to see the Cryptopunks and Meebits communities do the same.<\/em>\"<\/p>Yuga Labs on Twitter<\/a><\/cite><\/blockquote>\n","post_title":"BAYC's Yuga Labs Acquires Rights To CryptoPunks And Meebits","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"baycs-yuga-labs-acquires-rights-to-cryptopunks-and-meebits","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:28","post_modified_gmt":"2022-03-14 10:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 5

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The other company in the mix, GameStop also had a huge day seeing a 14.5% gain to $141 in GME<\/a> stocks. Over 24 million GME shares were traded today alone. <\/p>\n","post_title":"GameStop NFT Marketplace Has Entered Beta, Integrated With Loopring","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"gamestop-nft-marketplace-has-entered-beta-integrated-with-loopring","to_ping":"","pinged":"","post_modified":"2022-03-24 23:37:42","post_modified_gmt":"2022-03-24 12:37:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4087","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4089,"post_author":"1","post_date":"2022-03-24 22:46:11","post_date_gmt":"2022-03-24 11:46:11","post_content":"\n

Floyd \u2019Money\u2019 Mayweather has re-entered the world of cryptocurrency with the announcement of his 2nd NFT project, dubbed Mayweverse. <\/p>\n\n\n\n

The project will consist of 5 different NFTs, each NFT will have 1000 copies available to mint. Every card has its own rarity, utility, and prizes. <\/p>\n\n\n\n

Despite how good it may sounds, Twitter users were quick to criticize. Floyd was reminded<\/a> of his previous NFT project<\/a>, which made him nearly US$5 million and is now worthless. \u201cYou already have an NFT project, it\u2019s called @RealFloydNFT. You released it last year and then stopped working on it immediately after. Have you been punched in the head so much that you\u2019re forgetting these things now?\u201d<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Berke_eth\/status\/1506051809542037506\n<\/div><\/figure>\n\n\n\n

Users were quick to call his bluff<\/a>. Floyd states that he has been working on this for months, although the twitter handle @mayweverse<\/a> was created this month. <\/p>\n\n\n\n

Coffezilla, known for calling out rug pulls and scams within the industry tweeted<\/a> his thoughts on the NFT project. He states \"Floyd Mayweather is frantically deleting evidence of his last NFT scam. He's getting roasted by the investors.\" <\/p>\n\n\n\n

Will this NFT collection follow in the footsteps of his previous NFT collection and be abandoned, or will he stick by his word?<\/p>\n","post_title":"Floyd Mayweather Re-enters The World Of Crypto With \u2018Mayweverse\u2019 NFT Project","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"floyd-mayweather-re-enters-the-world-of-crypto-with-mayweverse-nft-project","to_ping":"","pinged":"","post_modified":"2022-03-24 23:37:53","post_modified_gmt":"2022-03-24 12:37:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4089","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4003,"post_author":"1","post_date":"2022-03-21 15:25:03","post_date_gmt":"2022-03-21 04:25:03","post_content":"\n

Adobe-backed creative showcase platform Behance<\/a> to showcase Solana NFTs within the platform. The addition of this feature will allow creators to earn from their designs.<\/p>\n\n\n\n

The feature is only available to creators who have a Phantom Wallet<\/a> connected to their Behance accounts, and are hosted by QuickNode<\/a>. Once this is done, creators can showcase various NFTs from the Solana blockchain on their profiles. <\/p>\n\n\n\n

Adobes Vice President, William Allen, stated that although there are features to implement Ethereum NFTs on the Behance platform already, creators may not want to use Ethereum due to the high gas fees<\/a>. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/williamallen\/status\/1500858469447917571?s=21\n<\/div><\/figure>\n\n\n\n

In turn, Allen addresses<\/a> that \u201cA single transaction on Solana uses less energy than two google searches and costs a fraction of a penny\u201d insisting that it may be a better alternative for some creators. <\/p>\n\n\n\n

\"\"<\/a>
Solanas 1 Day Price Tracker \/ Source - CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

Notes On The Collaborators <\/h2>\n\n\n\n

Phantom Wallet was quick to regard this as a \u201chuge\u201d collaboration for Solana and their emerging creator economy. The low cost and eco friendly nature of Solana will allow a larger range of artists the ability to experiment with NFTs. Allen stated<\/a> on Twitter that Solana will be added to the \u2019Content Credentials\u2019 tool in photoshop, allowing creators to publish NFTs from photoshop ensuring that the work stays their work. <\/p>\n\n\n\n

QuickNode which rented the space within the mainnet of Solana to Adobe is the leading Solana node provider, sustaining over 50% of the entire nodes on the network. No official statement has been released by the team yet. <\/p>\n","post_title":"Solana NFTs To Be Integrated Within Behance","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"solana-nfts-to-be-integrated-within-behance","to_ping":"","pinged":"","post_modified":"2023-04-11 12:51:53","post_modified_gmt":"2023-04-11 02:51:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4003","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3933,"post_author":"1","post_date":"2022-03-14 22:44:23","post_date_gmt":"2022-03-14 11:44:23","post_content":"\n

EtherRock #44, an NFT<\/a> valued at around US$1,000,000 was accidentally listed<\/a> for 444 Wei<\/a> (>US$0.0000001), rather than 444 Ether (US$1,151,000).<\/p>\n\n\n\n

Former owner Dino, posted about the unfortunate event on Twitter.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501802006364635139?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1501802006364635139%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.tronweekly.com%2F1m-worth-rock-nft-sells-for-under-a-penny%2F\n<\/div><\/figure>\n\n\n\n

The EtherRock was instantly purchased<\/a> and relisted by a bot, within the same block, with Dino requesting<\/a> an Etherscan refund. This has so far been unsuccessful. <\/p>\n\n\n\n

Although a very costly mistake, Dino has made his peace with the situation, agreeing it was more of an \"easy come, easy go\" situation. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501897330353934337\n<\/div><\/figure>\n\n\n\n

\"They say it is better to have rocked and lost rock than to have never rocked at all.\"<\/em><\/p>HiddenGnome on Twitter<\/a><\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"EtherRock Worth $1M Sold For A Fraction Of A Cent","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"etherrock-worth-1m-sold-for-a-fraction-of-a-cent","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/wei\/","post_modified":"2023-04-11 12:52:09","post_modified_gmt":"2023-04-11 02:52:09","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3933","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3890,"post_author":"1","post_date":"2022-03-13 19:50:24","post_date_gmt":"2022-03-13 08:50:24","post_content":"\n

Yuga Labs, the company behind the Bored Ape Yacht Club NFT collection, has acquired CryptoPunks and Meebits from fellow developer Larva Labs.<\/p>\n\n\n\n

A joint<\/a> announcement<\/a> was made by Larva Labs and Yuga Labs on Twitter<\/a> on Friday evening.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/yugalabs\/status\/1502420714527334406?s=20&t=IyM-KDtJPh0WaI5XPfA10A\n<\/div><\/figure>\n\n\n\n

Yuga Labs \"now own the brands, copyright in the art, and other IP rights for both collections, along with 423 CryptoPunks and 1711 Meebits\" according to their announcement. This means that they own both the 1st<\/a> and 2nd<\/a> most valuable NFT collections on the market.<\/p>\n\n\n\n

Yuga Labs plans to grant the commercial rights to all CryptoPunk and Meebit NFTs to their owners, as has been done for BAYC owners. This still means that Yuga Labs owns the collection and will \"be building the overall brand right alongside them\", but each NFT owner can monetize their specific ape.<\/p>\n\n\n\n

\"It\u2019s been amazing to watch the BAYC ecosystem use their rights to collaborate and build awesome shit we never could have dreamed up. We can\u2019t wait to see the Cryptopunks and Meebits communities do the same.<\/em>\"<\/p>Yuga Labs on Twitter<\/a><\/cite><\/blockquote>\n","post_title":"BAYC's Yuga Labs Acquires Rights To CryptoPunks And Meebits","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"baycs-yuga-labs-acquires-rights-to-cryptopunks-and-meebits","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:28","post_modified_gmt":"2022-03-14 10:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 5

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

$IMX<\/a>, the token on the Immutable X blockchain is down 8.9% in the past 24 hours, trading at $2.19, according to data from CoinMarketCap.<\/p>\n\n\n\n

The other company in the mix, GameStop also had a huge day seeing a 14.5% gain to $141 in GME<\/a> stocks. Over 24 million GME shares were traded today alone. <\/p>\n","post_title":"GameStop NFT Marketplace Has Entered Beta, Integrated With Loopring","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"gamestop-nft-marketplace-has-entered-beta-integrated-with-loopring","to_ping":"","pinged":"","post_modified":"2022-03-24 23:37:42","post_modified_gmt":"2022-03-24 12:37:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4087","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4089,"post_author":"1","post_date":"2022-03-24 22:46:11","post_date_gmt":"2022-03-24 11:46:11","post_content":"\n

Floyd \u2019Money\u2019 Mayweather has re-entered the world of cryptocurrency with the announcement of his 2nd NFT project, dubbed Mayweverse. <\/p>\n\n\n\n

The project will consist of 5 different NFTs, each NFT will have 1000 copies available to mint. Every card has its own rarity, utility, and prizes. <\/p>\n\n\n\n

Despite how good it may sounds, Twitter users were quick to criticize. Floyd was reminded<\/a> of his previous NFT project<\/a>, which made him nearly US$5 million and is now worthless. \u201cYou already have an NFT project, it\u2019s called @RealFloydNFT. You released it last year and then stopped working on it immediately after. Have you been punched in the head so much that you\u2019re forgetting these things now?\u201d<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Berke_eth\/status\/1506051809542037506\n<\/div><\/figure>\n\n\n\n

Users were quick to call his bluff<\/a>. Floyd states that he has been working on this for months, although the twitter handle @mayweverse<\/a> was created this month. <\/p>\n\n\n\n

Coffezilla, known for calling out rug pulls and scams within the industry tweeted<\/a> his thoughts on the NFT project. He states \"Floyd Mayweather is frantically deleting evidence of his last NFT scam. He's getting roasted by the investors.\" <\/p>\n\n\n\n

Will this NFT collection follow in the footsteps of his previous NFT collection and be abandoned, or will he stick by his word?<\/p>\n","post_title":"Floyd Mayweather Re-enters The World Of Crypto With \u2018Mayweverse\u2019 NFT Project","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"floyd-mayweather-re-enters-the-world-of-crypto-with-mayweverse-nft-project","to_ping":"","pinged":"","post_modified":"2022-03-24 23:37:53","post_modified_gmt":"2022-03-24 12:37:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4089","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4003,"post_author":"1","post_date":"2022-03-21 15:25:03","post_date_gmt":"2022-03-21 04:25:03","post_content":"\n

Adobe-backed creative showcase platform Behance<\/a> to showcase Solana NFTs within the platform. The addition of this feature will allow creators to earn from their designs.<\/p>\n\n\n\n

The feature is only available to creators who have a Phantom Wallet<\/a> connected to their Behance accounts, and are hosted by QuickNode<\/a>. Once this is done, creators can showcase various NFTs from the Solana blockchain on their profiles. <\/p>\n\n\n\n

Adobes Vice President, William Allen, stated that although there are features to implement Ethereum NFTs on the Behance platform already, creators may not want to use Ethereum due to the high gas fees<\/a>. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/williamallen\/status\/1500858469447917571?s=21\n<\/div><\/figure>\n\n\n\n

In turn, Allen addresses<\/a> that \u201cA single transaction on Solana uses less energy than two google searches and costs a fraction of a penny\u201d insisting that it may be a better alternative for some creators. <\/p>\n\n\n\n

\"\"<\/a>
Solanas 1 Day Price Tracker \/ Source - CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

Notes On The Collaborators <\/h2>\n\n\n\n

Phantom Wallet was quick to regard this as a \u201chuge\u201d collaboration for Solana and their emerging creator economy. The low cost and eco friendly nature of Solana will allow a larger range of artists the ability to experiment with NFTs. Allen stated<\/a> on Twitter that Solana will be added to the \u2019Content Credentials\u2019 tool in photoshop, allowing creators to publish NFTs from photoshop ensuring that the work stays their work. <\/p>\n\n\n\n

QuickNode which rented the space within the mainnet of Solana to Adobe is the leading Solana node provider, sustaining over 50% of the entire nodes on the network. No official statement has been released by the team yet. <\/p>\n","post_title":"Solana NFTs To Be Integrated Within Behance","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"solana-nfts-to-be-integrated-within-behance","to_ping":"","pinged":"","post_modified":"2023-04-11 12:51:53","post_modified_gmt":"2023-04-11 02:51:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4003","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3933,"post_author":"1","post_date":"2022-03-14 22:44:23","post_date_gmt":"2022-03-14 11:44:23","post_content":"\n

EtherRock #44, an NFT<\/a> valued at around US$1,000,000 was accidentally listed<\/a> for 444 Wei<\/a> (>US$0.0000001), rather than 444 Ether (US$1,151,000).<\/p>\n\n\n\n

Former owner Dino, posted about the unfortunate event on Twitter.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501802006364635139?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1501802006364635139%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.tronweekly.com%2F1m-worth-rock-nft-sells-for-under-a-penny%2F\n<\/div><\/figure>\n\n\n\n

The EtherRock was instantly purchased<\/a> and relisted by a bot, within the same block, with Dino requesting<\/a> an Etherscan refund. This has so far been unsuccessful. <\/p>\n\n\n\n

Although a very costly mistake, Dino has made his peace with the situation, agreeing it was more of an \"easy come, easy go\" situation. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501897330353934337\n<\/div><\/figure>\n\n\n\n

\"They say it is better to have rocked and lost rock than to have never rocked at all.\"<\/em><\/p>HiddenGnome on Twitter<\/a><\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"EtherRock Worth $1M Sold For A Fraction Of A Cent","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"etherrock-worth-1m-sold-for-a-fraction-of-a-cent","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/wei\/","post_modified":"2023-04-11 12:52:09","post_modified_gmt":"2023-04-11 02:52:09","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3933","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3890,"post_author":"1","post_date":"2022-03-13 19:50:24","post_date_gmt":"2022-03-13 08:50:24","post_content":"\n

Yuga Labs, the company behind the Bored Ape Yacht Club NFT collection, has acquired CryptoPunks and Meebits from fellow developer Larva Labs.<\/p>\n\n\n\n

A joint<\/a> announcement<\/a> was made by Larva Labs and Yuga Labs on Twitter<\/a> on Friday evening.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/yugalabs\/status\/1502420714527334406?s=20&t=IyM-KDtJPh0WaI5XPfA10A\n<\/div><\/figure>\n\n\n\n

Yuga Labs \"now own the brands, copyright in the art, and other IP rights for both collections, along with 423 CryptoPunks and 1711 Meebits\" according to their announcement. This means that they own both the 1st<\/a> and 2nd<\/a> most valuable NFT collections on the market.<\/p>\n\n\n\n

Yuga Labs plans to grant the commercial rights to all CryptoPunk and Meebit NFTs to their owners, as has been done for BAYC owners. This still means that Yuga Labs owns the collection and will \"be building the overall brand right alongside them\", but each NFT owner can monetize their specific ape.<\/p>\n\n\n\n

\"It\u2019s been amazing to watch the BAYC ecosystem use their rights to collaborate and build awesome shit we never could have dreamed up. We can\u2019t wait to see the Cryptopunks and Meebits communities do the same.<\/em>\"<\/p>Yuga Labs on Twitter<\/a><\/cite><\/blockquote>\n","post_title":"BAYC's Yuga Labs Acquires Rights To CryptoPunks And Meebits","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"baycs-yuga-labs-acquires-rights-to-cryptopunks-and-meebits","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:28","post_modified_gmt":"2022-03-14 10:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 5

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Since the announcement, $LRC<\/a>, the native token of Layer 2 blockchain<\/a> Loopring has soared over 35% to a high of $1.21. Although it is now trading steadily at $1.09. Loopring is currently sitting at a market cap of US$1.46 billion, according to data from CoinMarketCap.<\/p>\n\n\n\n

$IMX<\/a>, the token on the Immutable X blockchain is down 8.9% in the past 24 hours, trading at $2.19, according to data from CoinMarketCap.<\/p>\n\n\n\n

The other company in the mix, GameStop also had a huge day seeing a 14.5% gain to $141 in GME<\/a> stocks. Over 24 million GME shares were traded today alone. <\/p>\n","post_title":"GameStop NFT Marketplace Has Entered Beta, Integrated With Loopring","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"gamestop-nft-marketplace-has-entered-beta-integrated-with-loopring","to_ping":"","pinged":"","post_modified":"2022-03-24 23:37:42","post_modified_gmt":"2022-03-24 12:37:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4087","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4089,"post_author":"1","post_date":"2022-03-24 22:46:11","post_date_gmt":"2022-03-24 11:46:11","post_content":"\n

Floyd \u2019Money\u2019 Mayweather has re-entered the world of cryptocurrency with the announcement of his 2nd NFT project, dubbed Mayweverse. <\/p>\n\n\n\n

The project will consist of 5 different NFTs, each NFT will have 1000 copies available to mint. Every card has its own rarity, utility, and prizes. <\/p>\n\n\n\n

Despite how good it may sounds, Twitter users were quick to criticize. Floyd was reminded<\/a> of his previous NFT project<\/a>, which made him nearly US$5 million and is now worthless. \u201cYou already have an NFT project, it\u2019s called @RealFloydNFT. You released it last year and then stopped working on it immediately after. Have you been punched in the head so much that you\u2019re forgetting these things now?\u201d<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Berke_eth\/status\/1506051809542037506\n<\/div><\/figure>\n\n\n\n

Users were quick to call his bluff<\/a>. Floyd states that he has been working on this for months, although the twitter handle @mayweverse<\/a> was created this month. <\/p>\n\n\n\n

Coffezilla, known for calling out rug pulls and scams within the industry tweeted<\/a> his thoughts on the NFT project. He states \"Floyd Mayweather is frantically deleting evidence of his last NFT scam. He's getting roasted by the investors.\" <\/p>\n\n\n\n

Will this NFT collection follow in the footsteps of his previous NFT collection and be abandoned, or will he stick by his word?<\/p>\n","post_title":"Floyd Mayweather Re-enters The World Of Crypto With \u2018Mayweverse\u2019 NFT Project","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"floyd-mayweather-re-enters-the-world-of-crypto-with-mayweverse-nft-project","to_ping":"","pinged":"","post_modified":"2022-03-24 23:37:53","post_modified_gmt":"2022-03-24 12:37:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4089","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4003,"post_author":"1","post_date":"2022-03-21 15:25:03","post_date_gmt":"2022-03-21 04:25:03","post_content":"\n

Adobe-backed creative showcase platform Behance<\/a> to showcase Solana NFTs within the platform. The addition of this feature will allow creators to earn from their designs.<\/p>\n\n\n\n

The feature is only available to creators who have a Phantom Wallet<\/a> connected to their Behance accounts, and are hosted by QuickNode<\/a>. Once this is done, creators can showcase various NFTs from the Solana blockchain on their profiles. <\/p>\n\n\n\n

Adobes Vice President, William Allen, stated that although there are features to implement Ethereum NFTs on the Behance platform already, creators may not want to use Ethereum due to the high gas fees<\/a>. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/williamallen\/status\/1500858469447917571?s=21\n<\/div><\/figure>\n\n\n\n

In turn, Allen addresses<\/a> that \u201cA single transaction on Solana uses less energy than two google searches and costs a fraction of a penny\u201d insisting that it may be a better alternative for some creators. <\/p>\n\n\n\n

\"\"<\/a>
Solanas 1 Day Price Tracker \/ Source - CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

Notes On The Collaborators <\/h2>\n\n\n\n

Phantom Wallet was quick to regard this as a \u201chuge\u201d collaboration for Solana and their emerging creator economy. The low cost and eco friendly nature of Solana will allow a larger range of artists the ability to experiment with NFTs. Allen stated<\/a> on Twitter that Solana will be added to the \u2019Content Credentials\u2019 tool in photoshop, allowing creators to publish NFTs from photoshop ensuring that the work stays their work. <\/p>\n\n\n\n

QuickNode which rented the space within the mainnet of Solana to Adobe is the leading Solana node provider, sustaining over 50% of the entire nodes on the network. No official statement has been released by the team yet. <\/p>\n","post_title":"Solana NFTs To Be Integrated Within Behance","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"solana-nfts-to-be-integrated-within-behance","to_ping":"","pinged":"","post_modified":"2023-04-11 12:51:53","post_modified_gmt":"2023-04-11 02:51:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4003","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3933,"post_author":"1","post_date":"2022-03-14 22:44:23","post_date_gmt":"2022-03-14 11:44:23","post_content":"\n

EtherRock #44, an NFT<\/a> valued at around US$1,000,000 was accidentally listed<\/a> for 444 Wei<\/a> (>US$0.0000001), rather than 444 Ether (US$1,151,000).<\/p>\n\n\n\n

Former owner Dino, posted about the unfortunate event on Twitter.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501802006364635139?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1501802006364635139%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.tronweekly.com%2F1m-worth-rock-nft-sells-for-under-a-penny%2F\n<\/div><\/figure>\n\n\n\n

The EtherRock was instantly purchased<\/a> and relisted by a bot, within the same block, with Dino requesting<\/a> an Etherscan refund. This has so far been unsuccessful. <\/p>\n\n\n\n

Although a very costly mistake, Dino has made his peace with the situation, agreeing it was more of an \"easy come, easy go\" situation. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501897330353934337\n<\/div><\/figure>\n\n\n\n

\"They say it is better to have rocked and lost rock than to have never rocked at all.\"<\/em><\/p>HiddenGnome on Twitter<\/a><\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"EtherRock Worth $1M Sold For A Fraction Of A Cent","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"etherrock-worth-1m-sold-for-a-fraction-of-a-cent","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/wei\/","post_modified":"2023-04-11 12:52:09","post_modified_gmt":"2023-04-11 02:52:09","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3933","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3890,"post_author":"1","post_date":"2022-03-13 19:50:24","post_date_gmt":"2022-03-13 08:50:24","post_content":"\n

Yuga Labs, the company behind the Bored Ape Yacht Club NFT collection, has acquired CryptoPunks and Meebits from fellow developer Larva Labs.<\/p>\n\n\n\n

A joint<\/a> announcement<\/a> was made by Larva Labs and Yuga Labs on Twitter<\/a> on Friday evening.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/yugalabs\/status\/1502420714527334406?s=20&t=IyM-KDtJPh0WaI5XPfA10A\n<\/div><\/figure>\n\n\n\n

Yuga Labs \"now own the brands, copyright in the art, and other IP rights for both collections, along with 423 CryptoPunks and 1711 Meebits\" according to their announcement. This means that they own both the 1st<\/a> and 2nd<\/a> most valuable NFT collections on the market.<\/p>\n\n\n\n

Yuga Labs plans to grant the commercial rights to all CryptoPunk and Meebit NFTs to their owners, as has been done for BAYC owners. This still means that Yuga Labs owns the collection and will \"be building the overall brand right alongside them\", but each NFT owner can monetize their specific ape.<\/p>\n\n\n\n

\"It\u2019s been amazing to watch the BAYC ecosystem use their rights to collaborate and build awesome shit we never could have dreamed up. We can\u2019t wait to see the Cryptopunks and Meebits communities do the same.<\/em>\"<\/p>Yuga Labs on Twitter<\/a><\/cite><\/blockquote>\n","post_title":"BAYC's Yuga Labs Acquires Rights To CryptoPunks And Meebits","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"baycs-yuga-labs-acquires-rights-to-cryptopunks-and-meebits","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:28","post_modified_gmt":"2022-03-14 10:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 5

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n
\nhttps:\/\/twitter.com\/Immutable\/status\/1506596126677295108\n<\/div><\/figure>\n\n\n\n

Since the announcement, $LRC<\/a>, the native token of Layer 2 blockchain<\/a> Loopring has soared over 35% to a high of $1.21. Although it is now trading steadily at $1.09. Loopring is currently sitting at a market cap of US$1.46 billion, according to data from CoinMarketCap.<\/p>\n\n\n\n

$IMX<\/a>, the token on the Immutable X blockchain is down 8.9% in the past 24 hours, trading at $2.19, according to data from CoinMarketCap.<\/p>\n\n\n\n

The other company in the mix, GameStop also had a huge day seeing a 14.5% gain to $141 in GME<\/a> stocks. Over 24 million GME shares were traded today alone. <\/p>\n","post_title":"GameStop NFT Marketplace Has Entered Beta, Integrated With Loopring","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"gamestop-nft-marketplace-has-entered-beta-integrated-with-loopring","to_ping":"","pinged":"","post_modified":"2022-03-24 23:37:42","post_modified_gmt":"2022-03-24 12:37:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4087","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4089,"post_author":"1","post_date":"2022-03-24 22:46:11","post_date_gmt":"2022-03-24 11:46:11","post_content":"\n

Floyd \u2019Money\u2019 Mayweather has re-entered the world of cryptocurrency with the announcement of his 2nd NFT project, dubbed Mayweverse. <\/p>\n\n\n\n

The project will consist of 5 different NFTs, each NFT will have 1000 copies available to mint. Every card has its own rarity, utility, and prizes. <\/p>\n\n\n\n

Despite how good it may sounds, Twitter users were quick to criticize. Floyd was reminded<\/a> of his previous NFT project<\/a>, which made him nearly US$5 million and is now worthless. \u201cYou already have an NFT project, it\u2019s called @RealFloydNFT. You released it last year and then stopped working on it immediately after. Have you been punched in the head so much that you\u2019re forgetting these things now?\u201d<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Berke_eth\/status\/1506051809542037506\n<\/div><\/figure>\n\n\n\n

Users were quick to call his bluff<\/a>. Floyd states that he has been working on this for months, although the twitter handle @mayweverse<\/a> was created this month. <\/p>\n\n\n\n

Coffezilla, known for calling out rug pulls and scams within the industry tweeted<\/a> his thoughts on the NFT project. He states \"Floyd Mayweather is frantically deleting evidence of his last NFT scam. He's getting roasted by the investors.\" <\/p>\n\n\n\n

Will this NFT collection follow in the footsteps of his previous NFT collection and be abandoned, or will he stick by his word?<\/p>\n","post_title":"Floyd Mayweather Re-enters The World Of Crypto With \u2018Mayweverse\u2019 NFT Project","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"floyd-mayweather-re-enters-the-world-of-crypto-with-mayweverse-nft-project","to_ping":"","pinged":"","post_modified":"2022-03-24 23:37:53","post_modified_gmt":"2022-03-24 12:37:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4089","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4003,"post_author":"1","post_date":"2022-03-21 15:25:03","post_date_gmt":"2022-03-21 04:25:03","post_content":"\n

Adobe-backed creative showcase platform Behance<\/a> to showcase Solana NFTs within the platform. The addition of this feature will allow creators to earn from their designs.<\/p>\n\n\n\n

The feature is only available to creators who have a Phantom Wallet<\/a> connected to their Behance accounts, and are hosted by QuickNode<\/a>. Once this is done, creators can showcase various NFTs from the Solana blockchain on their profiles. <\/p>\n\n\n\n

Adobes Vice President, William Allen, stated that although there are features to implement Ethereum NFTs on the Behance platform already, creators may not want to use Ethereum due to the high gas fees<\/a>. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/williamallen\/status\/1500858469447917571?s=21\n<\/div><\/figure>\n\n\n\n

In turn, Allen addresses<\/a> that \u201cA single transaction on Solana uses less energy than two google searches and costs a fraction of a penny\u201d insisting that it may be a better alternative for some creators. <\/p>\n\n\n\n

\"\"<\/a>
Solanas 1 Day Price Tracker \/ Source - CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

Notes On The Collaborators <\/h2>\n\n\n\n

Phantom Wallet was quick to regard this as a \u201chuge\u201d collaboration for Solana and their emerging creator economy. The low cost and eco friendly nature of Solana will allow a larger range of artists the ability to experiment with NFTs. Allen stated<\/a> on Twitter that Solana will be added to the \u2019Content Credentials\u2019 tool in photoshop, allowing creators to publish NFTs from photoshop ensuring that the work stays their work. <\/p>\n\n\n\n

QuickNode which rented the space within the mainnet of Solana to Adobe is the leading Solana node provider, sustaining over 50% of the entire nodes on the network. No official statement has been released by the team yet. <\/p>\n","post_title":"Solana NFTs To Be Integrated Within Behance","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"solana-nfts-to-be-integrated-within-behance","to_ping":"","pinged":"","post_modified":"2023-04-11 12:51:53","post_modified_gmt":"2023-04-11 02:51:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4003","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3933,"post_author":"1","post_date":"2022-03-14 22:44:23","post_date_gmt":"2022-03-14 11:44:23","post_content":"\n

EtherRock #44, an NFT<\/a> valued at around US$1,000,000 was accidentally listed<\/a> for 444 Wei<\/a> (>US$0.0000001), rather than 444 Ether (US$1,151,000).<\/p>\n\n\n\n

Former owner Dino, posted about the unfortunate event on Twitter.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501802006364635139?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1501802006364635139%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.tronweekly.com%2F1m-worth-rock-nft-sells-for-under-a-penny%2F\n<\/div><\/figure>\n\n\n\n

The EtherRock was instantly purchased<\/a> and relisted by a bot, within the same block, with Dino requesting<\/a> an Etherscan refund. This has so far been unsuccessful. <\/p>\n\n\n\n

Although a very costly mistake, Dino has made his peace with the situation, agreeing it was more of an \"easy come, easy go\" situation. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501897330353934337\n<\/div><\/figure>\n\n\n\n

\"They say it is better to have rocked and lost rock than to have never rocked at all.\"<\/em><\/p>HiddenGnome on Twitter<\/a><\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"EtherRock Worth $1M Sold For A Fraction Of A Cent","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"etherrock-worth-1m-sold-for-a-fraction-of-a-cent","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/wei\/","post_modified":"2023-04-11 12:52:09","post_modified_gmt":"2023-04-11 02:52:09","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3933","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3890,"post_author":"1","post_date":"2022-03-13 19:50:24","post_date_gmt":"2022-03-13 08:50:24","post_content":"\n

Yuga Labs, the company behind the Bored Ape Yacht Club NFT collection, has acquired CryptoPunks and Meebits from fellow developer Larva Labs.<\/p>\n\n\n\n

A joint<\/a> announcement<\/a> was made by Larva Labs and Yuga Labs on Twitter<\/a> on Friday evening.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/yugalabs\/status\/1502420714527334406?s=20&t=IyM-KDtJPh0WaI5XPfA10A\n<\/div><\/figure>\n\n\n\n

Yuga Labs \"now own the brands, copyright in the art, and other IP rights for both collections, along with 423 CryptoPunks and 1711 Meebits\" according to their announcement. This means that they own both the 1st<\/a> and 2nd<\/a> most valuable NFT collections on the market.<\/p>\n\n\n\n

Yuga Labs plans to grant the commercial rights to all CryptoPunk and Meebit NFTs to their owners, as has been done for BAYC owners. This still means that Yuga Labs owns the collection and will \"be building the overall brand right alongside them\", but each NFT owner can monetize their specific ape.<\/p>\n\n\n\n

\"It\u2019s been amazing to watch the BAYC ecosystem use their rights to collaborate and build awesome shit we never could have dreamed up. We can\u2019t wait to see the Cryptopunks and Meebits communities do the same.<\/em>\"<\/p>Yuga Labs on Twitter<\/a><\/cite><\/blockquote>\n","post_title":"BAYC's Yuga Labs Acquires Rights To CryptoPunks And Meebits","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"baycs-yuga-labs-acquires-rights-to-cryptopunks-and-meebits","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:28","post_modified_gmt":"2022-03-14 10:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 5

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Immutable mentioned the Loopring integration \u201cwas not a surprise (and we welcome them!).\" The marketplace will act as an aggregator across NFT minting platforms. Although, it appears that Immutable X will receive the most focus on the marketplace being the \"preferred partner\".<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Immutable\/status\/1506596126677295108\n<\/div><\/figure>\n\n\n\n

Since the announcement, $LRC<\/a>, the native token of Layer 2 blockchain<\/a> Loopring has soared over 35% to a high of $1.21. Although it is now trading steadily at $1.09. Loopring is currently sitting at a market cap of US$1.46 billion, according to data from CoinMarketCap.<\/p>\n\n\n\n

$IMX<\/a>, the token on the Immutable X blockchain is down 8.9% in the past 24 hours, trading at $2.19, according to data from CoinMarketCap.<\/p>\n\n\n\n

The other company in the mix, GameStop also had a huge day seeing a 14.5% gain to $141 in GME<\/a> stocks. Over 24 million GME shares were traded today alone. <\/p>\n","post_title":"GameStop NFT Marketplace Has Entered Beta, Integrated With Loopring","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"gamestop-nft-marketplace-has-entered-beta-integrated-with-loopring","to_ping":"","pinged":"","post_modified":"2022-03-24 23:37:42","post_modified_gmt":"2022-03-24 12:37:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4087","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4089,"post_author":"1","post_date":"2022-03-24 22:46:11","post_date_gmt":"2022-03-24 11:46:11","post_content":"\n

Floyd \u2019Money\u2019 Mayweather has re-entered the world of cryptocurrency with the announcement of his 2nd NFT project, dubbed Mayweverse. <\/p>\n\n\n\n

The project will consist of 5 different NFTs, each NFT will have 1000 copies available to mint. Every card has its own rarity, utility, and prizes. <\/p>\n\n\n\n

Despite how good it may sounds, Twitter users were quick to criticize. Floyd was reminded<\/a> of his previous NFT project<\/a>, which made him nearly US$5 million and is now worthless. \u201cYou already have an NFT project, it\u2019s called @RealFloydNFT. You released it last year and then stopped working on it immediately after. Have you been punched in the head so much that you\u2019re forgetting these things now?\u201d<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Berke_eth\/status\/1506051809542037506\n<\/div><\/figure>\n\n\n\n

Users were quick to call his bluff<\/a>. Floyd states that he has been working on this for months, although the twitter handle @mayweverse<\/a> was created this month. <\/p>\n\n\n\n

Coffezilla, known for calling out rug pulls and scams within the industry tweeted<\/a> his thoughts on the NFT project. He states \"Floyd Mayweather is frantically deleting evidence of his last NFT scam. He's getting roasted by the investors.\" <\/p>\n\n\n\n

Will this NFT collection follow in the footsteps of his previous NFT collection and be abandoned, or will he stick by his word?<\/p>\n","post_title":"Floyd Mayweather Re-enters The World Of Crypto With \u2018Mayweverse\u2019 NFT Project","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"floyd-mayweather-re-enters-the-world-of-crypto-with-mayweverse-nft-project","to_ping":"","pinged":"","post_modified":"2022-03-24 23:37:53","post_modified_gmt":"2022-03-24 12:37:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4089","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4003,"post_author":"1","post_date":"2022-03-21 15:25:03","post_date_gmt":"2022-03-21 04:25:03","post_content":"\n

Adobe-backed creative showcase platform Behance<\/a> to showcase Solana NFTs within the platform. The addition of this feature will allow creators to earn from their designs.<\/p>\n\n\n\n

The feature is only available to creators who have a Phantom Wallet<\/a> connected to their Behance accounts, and are hosted by QuickNode<\/a>. Once this is done, creators can showcase various NFTs from the Solana blockchain on their profiles. <\/p>\n\n\n\n

Adobes Vice President, William Allen, stated that although there are features to implement Ethereum NFTs on the Behance platform already, creators may not want to use Ethereum due to the high gas fees<\/a>. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/williamallen\/status\/1500858469447917571?s=21\n<\/div><\/figure>\n\n\n\n

In turn, Allen addresses<\/a> that \u201cA single transaction on Solana uses less energy than two google searches and costs a fraction of a penny\u201d insisting that it may be a better alternative for some creators. <\/p>\n\n\n\n

\"\"<\/a>
Solanas 1 Day Price Tracker \/ Source - CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

Notes On The Collaborators <\/h2>\n\n\n\n

Phantom Wallet was quick to regard this as a \u201chuge\u201d collaboration for Solana and their emerging creator economy. The low cost and eco friendly nature of Solana will allow a larger range of artists the ability to experiment with NFTs. Allen stated<\/a> on Twitter that Solana will be added to the \u2019Content Credentials\u2019 tool in photoshop, allowing creators to publish NFTs from photoshop ensuring that the work stays their work. <\/p>\n\n\n\n

QuickNode which rented the space within the mainnet of Solana to Adobe is the leading Solana node provider, sustaining over 50% of the entire nodes on the network. No official statement has been released by the team yet. <\/p>\n","post_title":"Solana NFTs To Be Integrated Within Behance","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"solana-nfts-to-be-integrated-within-behance","to_ping":"","pinged":"","post_modified":"2023-04-11 12:51:53","post_modified_gmt":"2023-04-11 02:51:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4003","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3933,"post_author":"1","post_date":"2022-03-14 22:44:23","post_date_gmt":"2022-03-14 11:44:23","post_content":"\n

EtherRock #44, an NFT<\/a> valued at around US$1,000,000 was accidentally listed<\/a> for 444 Wei<\/a> (>US$0.0000001), rather than 444 Ether (US$1,151,000).<\/p>\n\n\n\n

Former owner Dino, posted about the unfortunate event on Twitter.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501802006364635139?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1501802006364635139%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.tronweekly.com%2F1m-worth-rock-nft-sells-for-under-a-penny%2F\n<\/div><\/figure>\n\n\n\n

The EtherRock was instantly purchased<\/a> and relisted by a bot, within the same block, with Dino requesting<\/a> an Etherscan refund. This has so far been unsuccessful. <\/p>\n\n\n\n

Although a very costly mistake, Dino has made his peace with the situation, agreeing it was more of an \"easy come, easy go\" situation. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501897330353934337\n<\/div><\/figure>\n\n\n\n

\"They say it is better to have rocked and lost rock than to have never rocked at all.\"<\/em><\/p>HiddenGnome on Twitter<\/a><\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"EtherRock Worth $1M Sold For A Fraction Of A Cent","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"etherrock-worth-1m-sold-for-a-fraction-of-a-cent","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/wei\/","post_modified":"2023-04-11 12:52:09","post_modified_gmt":"2023-04-11 02:52:09","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3933","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3890,"post_author":"1","post_date":"2022-03-13 19:50:24","post_date_gmt":"2022-03-13 08:50:24","post_content":"\n

Yuga Labs, the company behind the Bored Ape Yacht Club NFT collection, has acquired CryptoPunks and Meebits from fellow developer Larva Labs.<\/p>\n\n\n\n

A joint<\/a> announcement<\/a> was made by Larva Labs and Yuga Labs on Twitter<\/a> on Friday evening.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/yugalabs\/status\/1502420714527334406?s=20&t=IyM-KDtJPh0WaI5XPfA10A\n<\/div><\/figure>\n\n\n\n

Yuga Labs \"now own the brands, copyright in the art, and other IP rights for both collections, along with 423 CryptoPunks and 1711 Meebits\" according to their announcement. This means that they own both the 1st<\/a> and 2nd<\/a> most valuable NFT collections on the market.<\/p>\n\n\n\n

Yuga Labs plans to grant the commercial rights to all CryptoPunk and Meebit NFTs to their owners, as has been done for BAYC owners. This still means that Yuga Labs owns the collection and will \"be building the overall brand right alongside them\", but each NFT owner can monetize their specific ape.<\/p>\n\n\n\n

\"It\u2019s been amazing to watch the BAYC ecosystem use their rights to collaborate and build awesome shit we never could have dreamed up. We can\u2019t wait to see the Cryptopunks and Meebits communities do the same.<\/em>\"<\/p>Yuga Labs on Twitter<\/a><\/cite><\/blockquote>\n","post_title":"BAYC's Yuga Labs Acquires Rights To CryptoPunks And Meebits","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"baycs-yuga-labs-acquires-rights-to-cryptopunks-and-meebits","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:28","post_modified_gmt":"2022-03-14 10:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 5

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

According to an article from Decrypt<\/a>, there has been a lot of confusion on the topic and who is powering the NFT marketplace. It turns out that both Loopring and Immutable X are powering the NFT plans of GameStop. Although Immutable X tweeted<\/a> in a thread how they are the \"preferred partner\".<\/p>\n\n\n\n

Immutable mentioned the Loopring integration \u201cwas not a surprise (and we welcome them!).\" The marketplace will act as an aggregator across NFT minting platforms. Although, it appears that Immutable X will receive the most focus on the marketplace being the \"preferred partner\".<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Immutable\/status\/1506596126677295108\n<\/div><\/figure>\n\n\n\n

Since the announcement, $LRC<\/a>, the native token of Layer 2 blockchain<\/a> Loopring has soared over 35% to a high of $1.21. Although it is now trading steadily at $1.09. Loopring is currently sitting at a market cap of US$1.46 billion, according to data from CoinMarketCap.<\/p>\n\n\n\n

$IMX<\/a>, the token on the Immutable X blockchain is down 8.9% in the past 24 hours, trading at $2.19, according to data from CoinMarketCap.<\/p>\n\n\n\n

The other company in the mix, GameStop also had a huge day seeing a 14.5% gain to $141 in GME<\/a> stocks. Over 24 million GME shares were traded today alone. <\/p>\n","post_title":"GameStop NFT Marketplace Has Entered Beta, Integrated With Loopring","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"gamestop-nft-marketplace-has-entered-beta-integrated-with-loopring","to_ping":"","pinged":"","post_modified":"2022-03-24 23:37:42","post_modified_gmt":"2022-03-24 12:37:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4087","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4089,"post_author":"1","post_date":"2022-03-24 22:46:11","post_date_gmt":"2022-03-24 11:46:11","post_content":"\n

Floyd \u2019Money\u2019 Mayweather has re-entered the world of cryptocurrency with the announcement of his 2nd NFT project, dubbed Mayweverse. <\/p>\n\n\n\n

The project will consist of 5 different NFTs, each NFT will have 1000 copies available to mint. Every card has its own rarity, utility, and prizes. <\/p>\n\n\n\n

Despite how good it may sounds, Twitter users were quick to criticize. Floyd was reminded<\/a> of his previous NFT project<\/a>, which made him nearly US$5 million and is now worthless. \u201cYou already have an NFT project, it\u2019s called @RealFloydNFT. You released it last year and then stopped working on it immediately after. Have you been punched in the head so much that you\u2019re forgetting these things now?\u201d<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Berke_eth\/status\/1506051809542037506\n<\/div><\/figure>\n\n\n\n

Users were quick to call his bluff<\/a>. Floyd states that he has been working on this for months, although the twitter handle @mayweverse<\/a> was created this month. <\/p>\n\n\n\n

Coffezilla, known for calling out rug pulls and scams within the industry tweeted<\/a> his thoughts on the NFT project. He states \"Floyd Mayweather is frantically deleting evidence of his last NFT scam. He's getting roasted by the investors.\" <\/p>\n\n\n\n

Will this NFT collection follow in the footsteps of his previous NFT collection and be abandoned, or will he stick by his word?<\/p>\n","post_title":"Floyd Mayweather Re-enters The World Of Crypto With \u2018Mayweverse\u2019 NFT Project","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"floyd-mayweather-re-enters-the-world-of-crypto-with-mayweverse-nft-project","to_ping":"","pinged":"","post_modified":"2022-03-24 23:37:53","post_modified_gmt":"2022-03-24 12:37:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4089","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4003,"post_author":"1","post_date":"2022-03-21 15:25:03","post_date_gmt":"2022-03-21 04:25:03","post_content":"\n

Adobe-backed creative showcase platform Behance<\/a> to showcase Solana NFTs within the platform. The addition of this feature will allow creators to earn from their designs.<\/p>\n\n\n\n

The feature is only available to creators who have a Phantom Wallet<\/a> connected to their Behance accounts, and are hosted by QuickNode<\/a>. Once this is done, creators can showcase various NFTs from the Solana blockchain on their profiles. <\/p>\n\n\n\n

Adobes Vice President, William Allen, stated that although there are features to implement Ethereum NFTs on the Behance platform already, creators may not want to use Ethereum due to the high gas fees<\/a>. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/williamallen\/status\/1500858469447917571?s=21\n<\/div><\/figure>\n\n\n\n

In turn, Allen addresses<\/a> that \u201cA single transaction on Solana uses less energy than two google searches and costs a fraction of a penny\u201d insisting that it may be a better alternative for some creators. <\/p>\n\n\n\n

\"\"<\/a>
Solanas 1 Day Price Tracker \/ Source - CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

Notes On The Collaborators <\/h2>\n\n\n\n

Phantom Wallet was quick to regard this as a \u201chuge\u201d collaboration for Solana and their emerging creator economy. The low cost and eco friendly nature of Solana will allow a larger range of artists the ability to experiment with NFTs. Allen stated<\/a> on Twitter that Solana will be added to the \u2019Content Credentials\u2019 tool in photoshop, allowing creators to publish NFTs from photoshop ensuring that the work stays their work. <\/p>\n\n\n\n

QuickNode which rented the space within the mainnet of Solana to Adobe is the leading Solana node provider, sustaining over 50% of the entire nodes on the network. No official statement has been released by the team yet. <\/p>\n","post_title":"Solana NFTs To Be Integrated Within Behance","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"solana-nfts-to-be-integrated-within-behance","to_ping":"","pinged":"","post_modified":"2023-04-11 12:51:53","post_modified_gmt":"2023-04-11 02:51:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4003","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3933,"post_author":"1","post_date":"2022-03-14 22:44:23","post_date_gmt":"2022-03-14 11:44:23","post_content":"\n

EtherRock #44, an NFT<\/a> valued at around US$1,000,000 was accidentally listed<\/a> for 444 Wei<\/a> (>US$0.0000001), rather than 444 Ether (US$1,151,000).<\/p>\n\n\n\n

Former owner Dino, posted about the unfortunate event on Twitter.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501802006364635139?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1501802006364635139%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.tronweekly.com%2F1m-worth-rock-nft-sells-for-under-a-penny%2F\n<\/div><\/figure>\n\n\n\n

The EtherRock was instantly purchased<\/a> and relisted by a bot, within the same block, with Dino requesting<\/a> an Etherscan refund. This has so far been unsuccessful. <\/p>\n\n\n\n

Although a very costly mistake, Dino has made his peace with the situation, agreeing it was more of an \"easy come, easy go\" situation. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501897330353934337\n<\/div><\/figure>\n\n\n\n

\"They say it is better to have rocked and lost rock than to have never rocked at all.\"<\/em><\/p>HiddenGnome on Twitter<\/a><\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"EtherRock Worth $1M Sold For A Fraction Of A Cent","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"etherrock-worth-1m-sold-for-a-fraction-of-a-cent","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/wei\/","post_modified":"2023-04-11 12:52:09","post_modified_gmt":"2023-04-11 02:52:09","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3933","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3890,"post_author":"1","post_date":"2022-03-13 19:50:24","post_date_gmt":"2022-03-13 08:50:24","post_content":"\n

Yuga Labs, the company behind the Bored Ape Yacht Club NFT collection, has acquired CryptoPunks and Meebits from fellow developer Larva Labs.<\/p>\n\n\n\n

A joint<\/a> announcement<\/a> was made by Larva Labs and Yuga Labs on Twitter<\/a> on Friday evening.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/yugalabs\/status\/1502420714527334406?s=20&t=IyM-KDtJPh0WaI5XPfA10A\n<\/div><\/figure>\n\n\n\n

Yuga Labs \"now own the brands, copyright in the art, and other IP rights for both collections, along with 423 CryptoPunks and 1711 Meebits\" according to their announcement. This means that they own both the 1st<\/a> and 2nd<\/a> most valuable NFT collections on the market.<\/p>\n\n\n\n

Yuga Labs plans to grant the commercial rights to all CryptoPunk and Meebit NFTs to their owners, as has been done for BAYC owners. This still means that Yuga Labs owns the collection and will \"be building the overall brand right alongside them\", but each NFT owner can monetize their specific ape.<\/p>\n\n\n\n

\"It\u2019s been amazing to watch the BAYC ecosystem use their rights to collaborate and build awesome shit we never could have dreamed up. We can\u2019t wait to see the Cryptopunks and Meebits communities do the same.<\/em>\"<\/p>Yuga Labs on Twitter<\/a><\/cite><\/blockquote>\n","post_title":"BAYC's Yuga Labs Acquires Rights To CryptoPunks And Meebits","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"baycs-yuga-labs-acquires-rights-to-cryptopunks-and-meebits","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:28","post_modified_gmt":"2022-03-14 10:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 5

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Soon after that announcement, GameStop mentioned Immuntable X as their primary partner for the project. Despite this fact, Loopring was mentioned<\/a> at the time in an SEC filing<\/a>.<\/p>\n\n\n\n

According to an article from Decrypt<\/a>, there has been a lot of confusion on the topic and who is powering the NFT marketplace. It turns out that both Loopring and Immutable X are powering the NFT plans of GameStop. Although Immutable X tweeted<\/a> in a thread how they are the \"preferred partner\".<\/p>\n\n\n\n

Immutable mentioned the Loopring integration \u201cwas not a surprise (and we welcome them!).\" The marketplace will act as an aggregator across NFT minting platforms. Although, it appears that Immutable X will receive the most focus on the marketplace being the \"preferred partner\".<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Immutable\/status\/1506596126677295108\n<\/div><\/figure>\n\n\n\n

Since the announcement, $LRC<\/a>, the native token of Layer 2 blockchain<\/a> Loopring has soared over 35% to a high of $1.21. Although it is now trading steadily at $1.09. Loopring is currently sitting at a market cap of US$1.46 billion, according to data from CoinMarketCap.<\/p>\n\n\n\n

$IMX<\/a>, the token on the Immutable X blockchain is down 8.9% in the past 24 hours, trading at $2.19, according to data from CoinMarketCap.<\/p>\n\n\n\n

The other company in the mix, GameStop also had a huge day seeing a 14.5% gain to $141 in GME<\/a> stocks. Over 24 million GME shares were traded today alone. <\/p>\n","post_title":"GameStop NFT Marketplace Has Entered Beta, Integrated With Loopring","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"gamestop-nft-marketplace-has-entered-beta-integrated-with-loopring","to_ping":"","pinged":"","post_modified":"2022-03-24 23:37:42","post_modified_gmt":"2022-03-24 12:37:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4087","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4089,"post_author":"1","post_date":"2022-03-24 22:46:11","post_date_gmt":"2022-03-24 11:46:11","post_content":"\n

Floyd \u2019Money\u2019 Mayweather has re-entered the world of cryptocurrency with the announcement of his 2nd NFT project, dubbed Mayweverse. <\/p>\n\n\n\n

The project will consist of 5 different NFTs, each NFT will have 1000 copies available to mint. Every card has its own rarity, utility, and prizes. <\/p>\n\n\n\n

Despite how good it may sounds, Twitter users were quick to criticize. Floyd was reminded<\/a> of his previous NFT project<\/a>, which made him nearly US$5 million and is now worthless. \u201cYou already have an NFT project, it\u2019s called @RealFloydNFT. You released it last year and then stopped working on it immediately after. Have you been punched in the head so much that you\u2019re forgetting these things now?\u201d<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Berke_eth\/status\/1506051809542037506\n<\/div><\/figure>\n\n\n\n

Users were quick to call his bluff<\/a>. Floyd states that he has been working on this for months, although the twitter handle @mayweverse<\/a> was created this month. <\/p>\n\n\n\n

Coffezilla, known for calling out rug pulls and scams within the industry tweeted<\/a> his thoughts on the NFT project. He states \"Floyd Mayweather is frantically deleting evidence of his last NFT scam. He's getting roasted by the investors.\" <\/p>\n\n\n\n

Will this NFT collection follow in the footsteps of his previous NFT collection and be abandoned, or will he stick by his word?<\/p>\n","post_title":"Floyd Mayweather Re-enters The World Of Crypto With \u2018Mayweverse\u2019 NFT Project","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"floyd-mayweather-re-enters-the-world-of-crypto-with-mayweverse-nft-project","to_ping":"","pinged":"","post_modified":"2022-03-24 23:37:53","post_modified_gmt":"2022-03-24 12:37:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4089","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4003,"post_author":"1","post_date":"2022-03-21 15:25:03","post_date_gmt":"2022-03-21 04:25:03","post_content":"\n

Adobe-backed creative showcase platform Behance<\/a> to showcase Solana NFTs within the platform. The addition of this feature will allow creators to earn from their designs.<\/p>\n\n\n\n

The feature is only available to creators who have a Phantom Wallet<\/a> connected to their Behance accounts, and are hosted by QuickNode<\/a>. Once this is done, creators can showcase various NFTs from the Solana blockchain on their profiles. <\/p>\n\n\n\n

Adobes Vice President, William Allen, stated that although there are features to implement Ethereum NFTs on the Behance platform already, creators may not want to use Ethereum due to the high gas fees<\/a>. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/williamallen\/status\/1500858469447917571?s=21\n<\/div><\/figure>\n\n\n\n

In turn, Allen addresses<\/a> that \u201cA single transaction on Solana uses less energy than two google searches and costs a fraction of a penny\u201d insisting that it may be a better alternative for some creators. <\/p>\n\n\n\n

\"\"<\/a>
Solanas 1 Day Price Tracker \/ Source - CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

Notes On The Collaborators <\/h2>\n\n\n\n

Phantom Wallet was quick to regard this as a \u201chuge\u201d collaboration for Solana and their emerging creator economy. The low cost and eco friendly nature of Solana will allow a larger range of artists the ability to experiment with NFTs. Allen stated<\/a> on Twitter that Solana will be added to the \u2019Content Credentials\u2019 tool in photoshop, allowing creators to publish NFTs from photoshop ensuring that the work stays their work. <\/p>\n\n\n\n

QuickNode which rented the space within the mainnet of Solana to Adobe is the leading Solana node provider, sustaining over 50% of the entire nodes on the network. No official statement has been released by the team yet. <\/p>\n","post_title":"Solana NFTs To Be Integrated Within Behance","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"solana-nfts-to-be-integrated-within-behance","to_ping":"","pinged":"","post_modified":"2023-04-11 12:51:53","post_modified_gmt":"2023-04-11 02:51:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4003","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3933,"post_author":"1","post_date":"2022-03-14 22:44:23","post_date_gmt":"2022-03-14 11:44:23","post_content":"\n

EtherRock #44, an NFT<\/a> valued at around US$1,000,000 was accidentally listed<\/a> for 444 Wei<\/a> (>US$0.0000001), rather than 444 Ether (US$1,151,000).<\/p>\n\n\n\n

Former owner Dino, posted about the unfortunate event on Twitter.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501802006364635139?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1501802006364635139%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.tronweekly.com%2F1m-worth-rock-nft-sells-for-under-a-penny%2F\n<\/div><\/figure>\n\n\n\n

The EtherRock was instantly purchased<\/a> and relisted by a bot, within the same block, with Dino requesting<\/a> an Etherscan refund. This has so far been unsuccessful. <\/p>\n\n\n\n

Although a very costly mistake, Dino has made his peace with the situation, agreeing it was more of an \"easy come, easy go\" situation. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501897330353934337\n<\/div><\/figure>\n\n\n\n

\"They say it is better to have rocked and lost rock than to have never rocked at all.\"<\/em><\/p>HiddenGnome on Twitter<\/a><\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"EtherRock Worth $1M Sold For A Fraction Of A Cent","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"etherrock-worth-1m-sold-for-a-fraction-of-a-cent","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/wei\/","post_modified":"2023-04-11 12:52:09","post_modified_gmt":"2023-04-11 02:52:09","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3933","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3890,"post_author":"1","post_date":"2022-03-13 19:50:24","post_date_gmt":"2022-03-13 08:50:24","post_content":"\n

Yuga Labs, the company behind the Bored Ape Yacht Club NFT collection, has acquired CryptoPunks and Meebits from fellow developer Larva Labs.<\/p>\n\n\n\n

A joint<\/a> announcement<\/a> was made by Larva Labs and Yuga Labs on Twitter<\/a> on Friday evening.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/yugalabs\/status\/1502420714527334406?s=20&t=IyM-KDtJPh0WaI5XPfA10A\n<\/div><\/figure>\n\n\n\n

Yuga Labs \"now own the brands, copyright in the art, and other IP rights for both collections, along with 423 CryptoPunks and 1711 Meebits\" according to their announcement. This means that they own both the 1st<\/a> and 2nd<\/a> most valuable NFT collections on the market.<\/p>\n\n\n\n

Yuga Labs plans to grant the commercial rights to all CryptoPunk and Meebit NFTs to their owners, as has been done for BAYC owners. This still means that Yuga Labs owns the collection and will \"be building the overall brand right alongside them\", but each NFT owner can monetize their specific ape.<\/p>\n\n\n\n

\"It\u2019s been amazing to watch the BAYC ecosystem use their rights to collaborate and build awesome shit we never could have dreamed up. We can\u2019t wait to see the Cryptopunks and Meebits communities do the same.<\/em>\"<\/p>Yuga Labs on Twitter<\/a><\/cite><\/blockquote>\n","post_title":"BAYC's Yuga Labs Acquires Rights To CryptoPunks And Meebits","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"baycs-yuga-labs-acquires-rights-to-cryptopunks-and-meebits","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:28","post_modified_gmt":"2022-03-14 10:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 5

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Rumors circulating since November\u00a0suggested that Loopring might be working with GameStop on a metaverse-related project. The Wall Street Journal\u00a0reported<\/a> in January\u00a0that GameStop was planning to build a new team focused on NFTs.<\/p>\n\n\n\n

Soon after that announcement, GameStop mentioned Immuntable X as their primary partner for the project. Despite this fact, Loopring was mentioned<\/a> at the time in an SEC filing<\/a>.<\/p>\n\n\n\n

According to an article from Decrypt<\/a>, there has been a lot of confusion on the topic and who is powering the NFT marketplace. It turns out that both Loopring and Immutable X are powering the NFT plans of GameStop. Although Immutable X tweeted<\/a> in a thread how they are the \"preferred partner\".<\/p>\n\n\n\n

Immutable mentioned the Loopring integration \u201cwas not a surprise (and we welcome them!).\" The marketplace will act as an aggregator across NFT minting platforms. Although, it appears that Immutable X will receive the most focus on the marketplace being the \"preferred partner\".<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Immutable\/status\/1506596126677295108\n<\/div><\/figure>\n\n\n\n

Since the announcement, $LRC<\/a>, the native token of Layer 2 blockchain<\/a> Loopring has soared over 35% to a high of $1.21. Although it is now trading steadily at $1.09. Loopring is currently sitting at a market cap of US$1.46 billion, according to data from CoinMarketCap.<\/p>\n\n\n\n

$IMX<\/a>, the token on the Immutable X blockchain is down 8.9% in the past 24 hours, trading at $2.19, according to data from CoinMarketCap.<\/p>\n\n\n\n

The other company in the mix, GameStop also had a huge day seeing a 14.5% gain to $141 in GME<\/a> stocks. Over 24 million GME shares were traded today alone. <\/p>\n","post_title":"GameStop NFT Marketplace Has Entered Beta, Integrated With Loopring","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"gamestop-nft-marketplace-has-entered-beta-integrated-with-loopring","to_ping":"","pinged":"","post_modified":"2022-03-24 23:37:42","post_modified_gmt":"2022-03-24 12:37:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4087","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4089,"post_author":"1","post_date":"2022-03-24 22:46:11","post_date_gmt":"2022-03-24 11:46:11","post_content":"\n

Floyd \u2019Money\u2019 Mayweather has re-entered the world of cryptocurrency with the announcement of his 2nd NFT project, dubbed Mayweverse. <\/p>\n\n\n\n

The project will consist of 5 different NFTs, each NFT will have 1000 copies available to mint. Every card has its own rarity, utility, and prizes. <\/p>\n\n\n\n

Despite how good it may sounds, Twitter users were quick to criticize. Floyd was reminded<\/a> of his previous NFT project<\/a>, which made him nearly US$5 million and is now worthless. \u201cYou already have an NFT project, it\u2019s called @RealFloydNFT. You released it last year and then stopped working on it immediately after. Have you been punched in the head so much that you\u2019re forgetting these things now?\u201d<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Berke_eth\/status\/1506051809542037506\n<\/div><\/figure>\n\n\n\n

Users were quick to call his bluff<\/a>. Floyd states that he has been working on this for months, although the twitter handle @mayweverse<\/a> was created this month. <\/p>\n\n\n\n

Coffezilla, known for calling out rug pulls and scams within the industry tweeted<\/a> his thoughts on the NFT project. He states \"Floyd Mayweather is frantically deleting evidence of his last NFT scam. He's getting roasted by the investors.\" <\/p>\n\n\n\n

Will this NFT collection follow in the footsteps of his previous NFT collection and be abandoned, or will he stick by his word?<\/p>\n","post_title":"Floyd Mayweather Re-enters The World Of Crypto With \u2018Mayweverse\u2019 NFT Project","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"floyd-mayweather-re-enters-the-world-of-crypto-with-mayweverse-nft-project","to_ping":"","pinged":"","post_modified":"2022-03-24 23:37:53","post_modified_gmt":"2022-03-24 12:37:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4089","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4003,"post_author":"1","post_date":"2022-03-21 15:25:03","post_date_gmt":"2022-03-21 04:25:03","post_content":"\n

Adobe-backed creative showcase platform Behance<\/a> to showcase Solana NFTs within the platform. The addition of this feature will allow creators to earn from their designs.<\/p>\n\n\n\n

The feature is only available to creators who have a Phantom Wallet<\/a> connected to their Behance accounts, and are hosted by QuickNode<\/a>. Once this is done, creators can showcase various NFTs from the Solana blockchain on their profiles. <\/p>\n\n\n\n

Adobes Vice President, William Allen, stated that although there are features to implement Ethereum NFTs on the Behance platform already, creators may not want to use Ethereum due to the high gas fees<\/a>. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/williamallen\/status\/1500858469447917571?s=21\n<\/div><\/figure>\n\n\n\n

In turn, Allen addresses<\/a> that \u201cA single transaction on Solana uses less energy than two google searches and costs a fraction of a penny\u201d insisting that it may be a better alternative for some creators. <\/p>\n\n\n\n

\"\"<\/a>
Solanas 1 Day Price Tracker \/ Source - CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

Notes On The Collaborators <\/h2>\n\n\n\n

Phantom Wallet was quick to regard this as a \u201chuge\u201d collaboration for Solana and their emerging creator economy. The low cost and eco friendly nature of Solana will allow a larger range of artists the ability to experiment with NFTs. Allen stated<\/a> on Twitter that Solana will be added to the \u2019Content Credentials\u2019 tool in photoshop, allowing creators to publish NFTs from photoshop ensuring that the work stays their work. <\/p>\n\n\n\n

QuickNode which rented the space within the mainnet of Solana to Adobe is the leading Solana node provider, sustaining over 50% of the entire nodes on the network. No official statement has been released by the team yet. <\/p>\n","post_title":"Solana NFTs To Be Integrated Within Behance","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"solana-nfts-to-be-integrated-within-behance","to_ping":"","pinged":"","post_modified":"2023-04-11 12:51:53","post_modified_gmt":"2023-04-11 02:51:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4003","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3933,"post_author":"1","post_date":"2022-03-14 22:44:23","post_date_gmt":"2022-03-14 11:44:23","post_content":"\n

EtherRock #44, an NFT<\/a> valued at around US$1,000,000 was accidentally listed<\/a> for 444 Wei<\/a> (>US$0.0000001), rather than 444 Ether (US$1,151,000).<\/p>\n\n\n\n

Former owner Dino, posted about the unfortunate event on Twitter.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501802006364635139?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1501802006364635139%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.tronweekly.com%2F1m-worth-rock-nft-sells-for-under-a-penny%2F\n<\/div><\/figure>\n\n\n\n

The EtherRock was instantly purchased<\/a> and relisted by a bot, within the same block, with Dino requesting<\/a> an Etherscan refund. This has so far been unsuccessful. <\/p>\n\n\n\n

Although a very costly mistake, Dino has made his peace with the situation, agreeing it was more of an \"easy come, easy go\" situation. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501897330353934337\n<\/div><\/figure>\n\n\n\n

\"They say it is better to have rocked and lost rock than to have never rocked at all.\"<\/em><\/p>HiddenGnome on Twitter<\/a><\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"EtherRock Worth $1M Sold For A Fraction Of A Cent","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"etherrock-worth-1m-sold-for-a-fraction-of-a-cent","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/wei\/","post_modified":"2023-04-11 12:52:09","post_modified_gmt":"2023-04-11 02:52:09","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3933","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3890,"post_author":"1","post_date":"2022-03-13 19:50:24","post_date_gmt":"2022-03-13 08:50:24","post_content":"\n

Yuga Labs, the company behind the Bored Ape Yacht Club NFT collection, has acquired CryptoPunks and Meebits from fellow developer Larva Labs.<\/p>\n\n\n\n

A joint<\/a> announcement<\/a> was made by Larva Labs and Yuga Labs on Twitter<\/a> on Friday evening.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/yugalabs\/status\/1502420714527334406?s=20&t=IyM-KDtJPh0WaI5XPfA10A\n<\/div><\/figure>\n\n\n\n

Yuga Labs \"now own the brands, copyright in the art, and other IP rights for both collections, along with 423 CryptoPunks and 1711 Meebits\" according to their announcement. This means that they own both the 1st<\/a> and 2nd<\/a> most valuable NFT collections on the market.<\/p>\n\n\n\n

Yuga Labs plans to grant the commercial rights to all CryptoPunk and Meebit NFTs to their owners, as has been done for BAYC owners. This still means that Yuga Labs owns the collection and will \"be building the overall brand right alongside them\", but each NFT owner can monetize their specific ape.<\/p>\n\n\n\n

\"It\u2019s been amazing to watch the BAYC ecosystem use their rights to collaborate and build awesome shit we never could have dreamed up. We can\u2019t wait to see the Cryptopunks and Meebits communities do the same.<\/em>\"<\/p>Yuga Labs on Twitter<\/a><\/cite><\/blockquote>\n","post_title":"BAYC's Yuga Labs Acquires Rights To CryptoPunks And Meebits","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"baycs-yuga-labs-acquires-rights-to-cryptopunks-and-meebits","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:28","post_modified_gmt":"2022-03-14 10:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 5

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

GameStop and NFTs<\/h2>\n\n\n\n

Rumors circulating since November\u00a0suggested that Loopring might be working with GameStop on a metaverse-related project. The Wall Street Journal\u00a0reported<\/a> in January\u00a0that GameStop was planning to build a new team focused on NFTs.<\/p>\n\n\n\n

Soon after that announcement, GameStop mentioned Immuntable X as their primary partner for the project. Despite this fact, Loopring was mentioned<\/a> at the time in an SEC filing<\/a>.<\/p>\n\n\n\n

According to an article from Decrypt<\/a>, there has been a lot of confusion on the topic and who is powering the NFT marketplace. It turns out that both Loopring and Immutable X are powering the NFT plans of GameStop. Although Immutable X tweeted<\/a> in a thread how they are the \"preferred partner\".<\/p>\n\n\n\n

Immutable mentioned the Loopring integration \u201cwas not a surprise (and we welcome them!).\" The marketplace will act as an aggregator across NFT minting platforms. Although, it appears that Immutable X will receive the most focus on the marketplace being the \"preferred partner\".<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Immutable\/status\/1506596126677295108\n<\/div><\/figure>\n\n\n\n

Since the announcement, $LRC<\/a>, the native token of Layer 2 blockchain<\/a> Loopring has soared over 35% to a high of $1.21. Although it is now trading steadily at $1.09. Loopring is currently sitting at a market cap of US$1.46 billion, according to data from CoinMarketCap.<\/p>\n\n\n\n

$IMX<\/a>, the token on the Immutable X blockchain is down 8.9% in the past 24 hours, trading at $2.19, according to data from CoinMarketCap.<\/p>\n\n\n\n

The other company in the mix, GameStop also had a huge day seeing a 14.5% gain to $141 in GME<\/a> stocks. Over 24 million GME shares were traded today alone. <\/p>\n","post_title":"GameStop NFT Marketplace Has Entered Beta, Integrated With Loopring","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"gamestop-nft-marketplace-has-entered-beta-integrated-with-loopring","to_ping":"","pinged":"","post_modified":"2022-03-24 23:37:42","post_modified_gmt":"2022-03-24 12:37:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4087","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4089,"post_author":"1","post_date":"2022-03-24 22:46:11","post_date_gmt":"2022-03-24 11:46:11","post_content":"\n

Floyd \u2019Money\u2019 Mayweather has re-entered the world of cryptocurrency with the announcement of his 2nd NFT project, dubbed Mayweverse. <\/p>\n\n\n\n

The project will consist of 5 different NFTs, each NFT will have 1000 copies available to mint. Every card has its own rarity, utility, and prizes. <\/p>\n\n\n\n

Despite how good it may sounds, Twitter users were quick to criticize. Floyd was reminded<\/a> of his previous NFT project<\/a>, which made him nearly US$5 million and is now worthless. \u201cYou already have an NFT project, it\u2019s called @RealFloydNFT. You released it last year and then stopped working on it immediately after. Have you been punched in the head so much that you\u2019re forgetting these things now?\u201d<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Berke_eth\/status\/1506051809542037506\n<\/div><\/figure>\n\n\n\n

Users were quick to call his bluff<\/a>. Floyd states that he has been working on this for months, although the twitter handle @mayweverse<\/a> was created this month. <\/p>\n\n\n\n

Coffezilla, known for calling out rug pulls and scams within the industry tweeted<\/a> his thoughts on the NFT project. He states \"Floyd Mayweather is frantically deleting evidence of his last NFT scam. He's getting roasted by the investors.\" <\/p>\n\n\n\n

Will this NFT collection follow in the footsteps of his previous NFT collection and be abandoned, or will he stick by his word?<\/p>\n","post_title":"Floyd Mayweather Re-enters The World Of Crypto With \u2018Mayweverse\u2019 NFT Project","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"floyd-mayweather-re-enters-the-world-of-crypto-with-mayweverse-nft-project","to_ping":"","pinged":"","post_modified":"2022-03-24 23:37:53","post_modified_gmt":"2022-03-24 12:37:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4089","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4003,"post_author":"1","post_date":"2022-03-21 15:25:03","post_date_gmt":"2022-03-21 04:25:03","post_content":"\n

Adobe-backed creative showcase platform Behance<\/a> to showcase Solana NFTs within the platform. The addition of this feature will allow creators to earn from their designs.<\/p>\n\n\n\n

The feature is only available to creators who have a Phantom Wallet<\/a> connected to their Behance accounts, and are hosted by QuickNode<\/a>. Once this is done, creators can showcase various NFTs from the Solana blockchain on their profiles. <\/p>\n\n\n\n

Adobes Vice President, William Allen, stated that although there are features to implement Ethereum NFTs on the Behance platform already, creators may not want to use Ethereum due to the high gas fees<\/a>. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/williamallen\/status\/1500858469447917571?s=21\n<\/div><\/figure>\n\n\n\n

In turn, Allen addresses<\/a> that \u201cA single transaction on Solana uses less energy than two google searches and costs a fraction of a penny\u201d insisting that it may be a better alternative for some creators. <\/p>\n\n\n\n

\"\"<\/a>
Solanas 1 Day Price Tracker \/ Source - CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

Notes On The Collaborators <\/h2>\n\n\n\n

Phantom Wallet was quick to regard this as a \u201chuge\u201d collaboration for Solana and their emerging creator economy. The low cost and eco friendly nature of Solana will allow a larger range of artists the ability to experiment with NFTs. Allen stated<\/a> on Twitter that Solana will be added to the \u2019Content Credentials\u2019 tool in photoshop, allowing creators to publish NFTs from photoshop ensuring that the work stays their work. <\/p>\n\n\n\n

QuickNode which rented the space within the mainnet of Solana to Adobe is the leading Solana node provider, sustaining over 50% of the entire nodes on the network. No official statement has been released by the team yet. <\/p>\n","post_title":"Solana NFTs To Be Integrated Within Behance","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"solana-nfts-to-be-integrated-within-behance","to_ping":"","pinged":"","post_modified":"2023-04-11 12:51:53","post_modified_gmt":"2023-04-11 02:51:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4003","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3933,"post_author":"1","post_date":"2022-03-14 22:44:23","post_date_gmt":"2022-03-14 11:44:23","post_content":"\n

EtherRock #44, an NFT<\/a> valued at around US$1,000,000 was accidentally listed<\/a> for 444 Wei<\/a> (>US$0.0000001), rather than 444 Ether (US$1,151,000).<\/p>\n\n\n\n

Former owner Dino, posted about the unfortunate event on Twitter.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501802006364635139?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1501802006364635139%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.tronweekly.com%2F1m-worth-rock-nft-sells-for-under-a-penny%2F\n<\/div><\/figure>\n\n\n\n

The EtherRock was instantly purchased<\/a> and relisted by a bot, within the same block, with Dino requesting<\/a> an Etherscan refund. This has so far been unsuccessful. <\/p>\n\n\n\n

Although a very costly mistake, Dino has made his peace with the situation, agreeing it was more of an \"easy come, easy go\" situation. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501897330353934337\n<\/div><\/figure>\n\n\n\n

\"They say it is better to have rocked and lost rock than to have never rocked at all.\"<\/em><\/p>HiddenGnome on Twitter<\/a><\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"EtherRock Worth $1M Sold For A Fraction Of A Cent","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"etherrock-worth-1m-sold-for-a-fraction-of-a-cent","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/wei\/","post_modified":"2023-04-11 12:52:09","post_modified_gmt":"2023-04-11 02:52:09","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3933","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3890,"post_author":"1","post_date":"2022-03-13 19:50:24","post_date_gmt":"2022-03-13 08:50:24","post_content":"\n

Yuga Labs, the company behind the Bored Ape Yacht Club NFT collection, has acquired CryptoPunks and Meebits from fellow developer Larva Labs.<\/p>\n\n\n\n

A joint<\/a> announcement<\/a> was made by Larva Labs and Yuga Labs on Twitter<\/a> on Friday evening.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/yugalabs\/status\/1502420714527334406?s=20&t=IyM-KDtJPh0WaI5XPfA10A\n<\/div><\/figure>\n\n\n\n

Yuga Labs \"now own the brands, copyright in the art, and other IP rights for both collections, along with 423 CryptoPunks and 1711 Meebits\" according to their announcement. This means that they own both the 1st<\/a> and 2nd<\/a> most valuable NFT collections on the market.<\/p>\n\n\n\n

Yuga Labs plans to grant the commercial rights to all CryptoPunk and Meebit NFTs to their owners, as has been done for BAYC owners. This still means that Yuga Labs owns the collection and will \"be building the overall brand right alongside them\", but each NFT owner can monetize their specific ape.<\/p>\n\n\n\n

\"It\u2019s been amazing to watch the BAYC ecosystem use their rights to collaborate and build awesome shit we never could have dreamed up. We can\u2019t wait to see the Cryptopunks and Meebits communities do the same.<\/em>\"<\/p>Yuga Labs on Twitter<\/a><\/cite><\/blockquote>\n","post_title":"BAYC's Yuga Labs Acquires Rights To CryptoPunks And Meebits","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"baycs-yuga-labs-acquires-rights-to-cryptopunks-and-meebits","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:28","post_modified_gmt":"2022-03-14 10:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 5

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Browman believes that the project \"has the potential to cement itself at the forefront of this new paradigm and become the destination for global digital economies.\" The blog post states that users can get early access to the project now to set up usernames and profiles, as well as make their first deposits.<\/p>\n\n\n\n

GameStop and NFTs<\/h2>\n\n\n\n

Rumors circulating since November\u00a0suggested that Loopring might be working with GameStop on a metaverse-related project. The Wall Street Journal\u00a0reported<\/a> in January\u00a0that GameStop was planning to build a new team focused on NFTs.<\/p>\n\n\n\n

Soon after that announcement, GameStop mentioned Immuntable X as their primary partner for the project. Despite this fact, Loopring was mentioned<\/a> at the time in an SEC filing<\/a>.<\/p>\n\n\n\n

According to an article from Decrypt<\/a>, there has been a lot of confusion on the topic and who is powering the NFT marketplace. It turns out that both Loopring and Immutable X are powering the NFT plans of GameStop. Although Immutable X tweeted<\/a> in a thread how they are the \"preferred partner\".<\/p>\n\n\n\n

Immutable mentioned the Loopring integration \u201cwas not a surprise (and we welcome them!).\" The marketplace will act as an aggregator across NFT minting platforms. Although, it appears that Immutable X will receive the most focus on the marketplace being the \"preferred partner\".<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Immutable\/status\/1506596126677295108\n<\/div><\/figure>\n\n\n\n

Since the announcement, $LRC<\/a>, the native token of Layer 2 blockchain<\/a> Loopring has soared over 35% to a high of $1.21. Although it is now trading steadily at $1.09. Loopring is currently sitting at a market cap of US$1.46 billion, according to data from CoinMarketCap.<\/p>\n\n\n\n

$IMX<\/a>, the token on the Immutable X blockchain is down 8.9% in the past 24 hours, trading at $2.19, according to data from CoinMarketCap.<\/p>\n\n\n\n

The other company in the mix, GameStop also had a huge day seeing a 14.5% gain to $141 in GME<\/a> stocks. Over 24 million GME shares were traded today alone. <\/p>\n","post_title":"GameStop NFT Marketplace Has Entered Beta, Integrated With Loopring","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"gamestop-nft-marketplace-has-entered-beta-integrated-with-loopring","to_ping":"","pinged":"","post_modified":"2022-03-24 23:37:42","post_modified_gmt":"2022-03-24 12:37:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4087","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4089,"post_author":"1","post_date":"2022-03-24 22:46:11","post_date_gmt":"2022-03-24 11:46:11","post_content":"\n

Floyd \u2019Money\u2019 Mayweather has re-entered the world of cryptocurrency with the announcement of his 2nd NFT project, dubbed Mayweverse. <\/p>\n\n\n\n

The project will consist of 5 different NFTs, each NFT will have 1000 copies available to mint. Every card has its own rarity, utility, and prizes. <\/p>\n\n\n\n

Despite how good it may sounds, Twitter users were quick to criticize. Floyd was reminded<\/a> of his previous NFT project<\/a>, which made him nearly US$5 million and is now worthless. \u201cYou already have an NFT project, it\u2019s called @RealFloydNFT. You released it last year and then stopped working on it immediately after. Have you been punched in the head so much that you\u2019re forgetting these things now?\u201d<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Berke_eth\/status\/1506051809542037506\n<\/div><\/figure>\n\n\n\n

Users were quick to call his bluff<\/a>. Floyd states that he has been working on this for months, although the twitter handle @mayweverse<\/a> was created this month. <\/p>\n\n\n\n

Coffezilla, known for calling out rug pulls and scams within the industry tweeted<\/a> his thoughts on the NFT project. He states \"Floyd Mayweather is frantically deleting evidence of his last NFT scam. He's getting roasted by the investors.\" <\/p>\n\n\n\n

Will this NFT collection follow in the footsteps of his previous NFT collection and be abandoned, or will he stick by his word?<\/p>\n","post_title":"Floyd Mayweather Re-enters The World Of Crypto With \u2018Mayweverse\u2019 NFT Project","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"floyd-mayweather-re-enters-the-world-of-crypto-with-mayweverse-nft-project","to_ping":"","pinged":"","post_modified":"2022-03-24 23:37:53","post_modified_gmt":"2022-03-24 12:37:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4089","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4003,"post_author":"1","post_date":"2022-03-21 15:25:03","post_date_gmt":"2022-03-21 04:25:03","post_content":"\n

Adobe-backed creative showcase platform Behance<\/a> to showcase Solana NFTs within the platform. The addition of this feature will allow creators to earn from their designs.<\/p>\n\n\n\n

The feature is only available to creators who have a Phantom Wallet<\/a> connected to their Behance accounts, and are hosted by QuickNode<\/a>. Once this is done, creators can showcase various NFTs from the Solana blockchain on their profiles. <\/p>\n\n\n\n

Adobes Vice President, William Allen, stated that although there are features to implement Ethereum NFTs on the Behance platform already, creators may not want to use Ethereum due to the high gas fees<\/a>. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/williamallen\/status\/1500858469447917571?s=21\n<\/div><\/figure>\n\n\n\n

In turn, Allen addresses<\/a> that \u201cA single transaction on Solana uses less energy than two google searches and costs a fraction of a penny\u201d insisting that it may be a better alternative for some creators. <\/p>\n\n\n\n

\"\"<\/a>
Solanas 1 Day Price Tracker \/ Source - CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

Notes On The Collaborators <\/h2>\n\n\n\n

Phantom Wallet was quick to regard this as a \u201chuge\u201d collaboration for Solana and their emerging creator economy. The low cost and eco friendly nature of Solana will allow a larger range of artists the ability to experiment with NFTs. Allen stated<\/a> on Twitter that Solana will be added to the \u2019Content Credentials\u2019 tool in photoshop, allowing creators to publish NFTs from photoshop ensuring that the work stays their work. <\/p>\n\n\n\n

QuickNode which rented the space within the mainnet of Solana to Adobe is the leading Solana node provider, sustaining over 50% of the entire nodes on the network. No official statement has been released by the team yet. <\/p>\n","post_title":"Solana NFTs To Be Integrated Within Behance","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"solana-nfts-to-be-integrated-within-behance","to_ping":"","pinged":"","post_modified":"2023-04-11 12:51:53","post_modified_gmt":"2023-04-11 02:51:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4003","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3933,"post_author":"1","post_date":"2022-03-14 22:44:23","post_date_gmt":"2022-03-14 11:44:23","post_content":"\n

EtherRock #44, an NFT<\/a> valued at around US$1,000,000 was accidentally listed<\/a> for 444 Wei<\/a> (>US$0.0000001), rather than 444 Ether (US$1,151,000).<\/p>\n\n\n\n

Former owner Dino, posted about the unfortunate event on Twitter.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501802006364635139?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1501802006364635139%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.tronweekly.com%2F1m-worth-rock-nft-sells-for-under-a-penny%2F\n<\/div><\/figure>\n\n\n\n

The EtherRock was instantly purchased<\/a> and relisted by a bot, within the same block, with Dino requesting<\/a> an Etherscan refund. This has so far been unsuccessful. <\/p>\n\n\n\n

Although a very costly mistake, Dino has made his peace with the situation, agreeing it was more of an \"easy come, easy go\" situation. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501897330353934337\n<\/div><\/figure>\n\n\n\n

\"They say it is better to have rocked and lost rock than to have never rocked at all.\"<\/em><\/p>HiddenGnome on Twitter<\/a><\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"EtherRock Worth $1M Sold For A Fraction Of A Cent","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"etherrock-worth-1m-sold-for-a-fraction-of-a-cent","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/wei\/","post_modified":"2023-04-11 12:52:09","post_modified_gmt":"2023-04-11 02:52:09","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3933","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3890,"post_author":"1","post_date":"2022-03-13 19:50:24","post_date_gmt":"2022-03-13 08:50:24","post_content":"\n

Yuga Labs, the company behind the Bored Ape Yacht Club NFT collection, has acquired CryptoPunks and Meebits from fellow developer Larva Labs.<\/p>\n\n\n\n

A joint<\/a> announcement<\/a> was made by Larva Labs and Yuga Labs on Twitter<\/a> on Friday evening.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/yugalabs\/status\/1502420714527334406?s=20&t=IyM-KDtJPh0WaI5XPfA10A\n<\/div><\/figure>\n\n\n\n

Yuga Labs \"now own the brands, copyright in the art, and other IP rights for both collections, along with 423 CryptoPunks and 1711 Meebits\" according to their announcement. This means that they own both the 1st<\/a> and 2nd<\/a> most valuable NFT collections on the market.<\/p>\n\n\n\n

Yuga Labs plans to grant the commercial rights to all CryptoPunk and Meebit NFTs to their owners, as has been done for BAYC owners. This still means that Yuga Labs owns the collection and will \"be building the overall brand right alongside them\", but each NFT owner can monetize their specific ape.<\/p>\n\n\n\n

\"It\u2019s been amazing to watch the BAYC ecosystem use their rights to collaborate and build awesome shit we never could have dreamed up. We can\u2019t wait to see the Cryptopunks and Meebits communities do the same.<\/em>\"<\/p>Yuga Labs on Twitter<\/a><\/cite><\/blockquote>\n","post_title":"BAYC's Yuga Labs Acquires Rights To CryptoPunks And Meebits","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"baycs-yuga-labs-acquires-rights-to-cryptopunks-and-meebits","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:28","post_modified_gmt":"2022-03-14 10:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 5

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

In a\u00a0blog post<\/a>\u00a0by Loopring's head of growth, Adam Browman states that \"the GameStop NFT Marketplace has taken its first steps to welcome users, and it is built atop Loopring!\"<\/p>\n\n\n\n

Browman believes that the project \"has the potential to cement itself at the forefront of this new paradigm and become the destination for global digital economies.\" The blog post states that users can get early access to the project now to set up usernames and profiles, as well as make their first deposits.<\/p>\n\n\n\n

GameStop and NFTs<\/h2>\n\n\n\n

Rumors circulating since November\u00a0suggested that Loopring might be working with GameStop on a metaverse-related project. The Wall Street Journal\u00a0reported<\/a> in January\u00a0that GameStop was planning to build a new team focused on NFTs.<\/p>\n\n\n\n

Soon after that announcement, GameStop mentioned Immuntable X as their primary partner for the project. Despite this fact, Loopring was mentioned<\/a> at the time in an SEC filing<\/a>.<\/p>\n\n\n\n

According to an article from Decrypt<\/a>, there has been a lot of confusion on the topic and who is powering the NFT marketplace. It turns out that both Loopring and Immutable X are powering the NFT plans of GameStop. Although Immutable X tweeted<\/a> in a thread how they are the \"preferred partner\".<\/p>\n\n\n\n

Immutable mentioned the Loopring integration \u201cwas not a surprise (and we welcome them!).\" The marketplace will act as an aggregator across NFT minting platforms. Although, it appears that Immutable X will receive the most focus on the marketplace being the \"preferred partner\".<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Immutable\/status\/1506596126677295108\n<\/div><\/figure>\n\n\n\n

Since the announcement, $LRC<\/a>, the native token of Layer 2 blockchain<\/a> Loopring has soared over 35% to a high of $1.21. Although it is now trading steadily at $1.09. Loopring is currently sitting at a market cap of US$1.46 billion, according to data from CoinMarketCap.<\/p>\n\n\n\n

$IMX<\/a>, the token on the Immutable X blockchain is down 8.9% in the past 24 hours, trading at $2.19, according to data from CoinMarketCap.<\/p>\n\n\n\n

The other company in the mix, GameStop also had a huge day seeing a 14.5% gain to $141 in GME<\/a> stocks. Over 24 million GME shares were traded today alone. <\/p>\n","post_title":"GameStop NFT Marketplace Has Entered Beta, Integrated With Loopring","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"gamestop-nft-marketplace-has-entered-beta-integrated-with-loopring","to_ping":"","pinged":"","post_modified":"2022-03-24 23:37:42","post_modified_gmt":"2022-03-24 12:37:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4087","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4089,"post_author":"1","post_date":"2022-03-24 22:46:11","post_date_gmt":"2022-03-24 11:46:11","post_content":"\n

Floyd \u2019Money\u2019 Mayweather has re-entered the world of cryptocurrency with the announcement of his 2nd NFT project, dubbed Mayweverse. <\/p>\n\n\n\n

The project will consist of 5 different NFTs, each NFT will have 1000 copies available to mint. Every card has its own rarity, utility, and prizes. <\/p>\n\n\n\n

Despite how good it may sounds, Twitter users were quick to criticize. Floyd was reminded<\/a> of his previous NFT project<\/a>, which made him nearly US$5 million and is now worthless. \u201cYou already have an NFT project, it\u2019s called @RealFloydNFT. You released it last year and then stopped working on it immediately after. Have you been punched in the head so much that you\u2019re forgetting these things now?\u201d<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Berke_eth\/status\/1506051809542037506\n<\/div><\/figure>\n\n\n\n

Users were quick to call his bluff<\/a>. Floyd states that he has been working on this for months, although the twitter handle @mayweverse<\/a> was created this month. <\/p>\n\n\n\n

Coffezilla, known for calling out rug pulls and scams within the industry tweeted<\/a> his thoughts on the NFT project. He states \"Floyd Mayweather is frantically deleting evidence of his last NFT scam. He's getting roasted by the investors.\" <\/p>\n\n\n\n

Will this NFT collection follow in the footsteps of his previous NFT collection and be abandoned, or will he stick by his word?<\/p>\n","post_title":"Floyd Mayweather Re-enters The World Of Crypto With \u2018Mayweverse\u2019 NFT Project","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"floyd-mayweather-re-enters-the-world-of-crypto-with-mayweverse-nft-project","to_ping":"","pinged":"","post_modified":"2022-03-24 23:37:53","post_modified_gmt":"2022-03-24 12:37:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4089","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4003,"post_author":"1","post_date":"2022-03-21 15:25:03","post_date_gmt":"2022-03-21 04:25:03","post_content":"\n

Adobe-backed creative showcase platform Behance<\/a> to showcase Solana NFTs within the platform. The addition of this feature will allow creators to earn from their designs.<\/p>\n\n\n\n

The feature is only available to creators who have a Phantom Wallet<\/a> connected to their Behance accounts, and are hosted by QuickNode<\/a>. Once this is done, creators can showcase various NFTs from the Solana blockchain on their profiles. <\/p>\n\n\n\n

Adobes Vice President, William Allen, stated that although there are features to implement Ethereum NFTs on the Behance platform already, creators may not want to use Ethereum due to the high gas fees<\/a>. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/williamallen\/status\/1500858469447917571?s=21\n<\/div><\/figure>\n\n\n\n

In turn, Allen addresses<\/a> that \u201cA single transaction on Solana uses less energy than two google searches and costs a fraction of a penny\u201d insisting that it may be a better alternative for some creators. <\/p>\n\n\n\n

\"\"<\/a>
Solanas 1 Day Price Tracker \/ Source - CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

Notes On The Collaborators <\/h2>\n\n\n\n

Phantom Wallet was quick to regard this as a \u201chuge\u201d collaboration for Solana and their emerging creator economy. The low cost and eco friendly nature of Solana will allow a larger range of artists the ability to experiment with NFTs. Allen stated<\/a> on Twitter that Solana will be added to the \u2019Content Credentials\u2019 tool in photoshop, allowing creators to publish NFTs from photoshop ensuring that the work stays their work. <\/p>\n\n\n\n

QuickNode which rented the space within the mainnet of Solana to Adobe is the leading Solana node provider, sustaining over 50% of the entire nodes on the network. No official statement has been released by the team yet. <\/p>\n","post_title":"Solana NFTs To Be Integrated Within Behance","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"solana-nfts-to-be-integrated-within-behance","to_ping":"","pinged":"","post_modified":"2023-04-11 12:51:53","post_modified_gmt":"2023-04-11 02:51:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4003","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3933,"post_author":"1","post_date":"2022-03-14 22:44:23","post_date_gmt":"2022-03-14 11:44:23","post_content":"\n

EtherRock #44, an NFT<\/a> valued at around US$1,000,000 was accidentally listed<\/a> for 444 Wei<\/a> (>US$0.0000001), rather than 444 Ether (US$1,151,000).<\/p>\n\n\n\n

Former owner Dino, posted about the unfortunate event on Twitter.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501802006364635139?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1501802006364635139%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.tronweekly.com%2F1m-worth-rock-nft-sells-for-under-a-penny%2F\n<\/div><\/figure>\n\n\n\n

The EtherRock was instantly purchased<\/a> and relisted by a bot, within the same block, with Dino requesting<\/a> an Etherscan refund. This has so far been unsuccessful. <\/p>\n\n\n\n

Although a very costly mistake, Dino has made his peace with the situation, agreeing it was more of an \"easy come, easy go\" situation. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501897330353934337\n<\/div><\/figure>\n\n\n\n

\"They say it is better to have rocked and lost rock than to have never rocked at all.\"<\/em><\/p>HiddenGnome on Twitter<\/a><\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"EtherRock Worth $1M Sold For A Fraction Of A Cent","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"etherrock-worth-1m-sold-for-a-fraction-of-a-cent","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/wei\/","post_modified":"2023-04-11 12:52:09","post_modified_gmt":"2023-04-11 02:52:09","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3933","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3890,"post_author":"1","post_date":"2022-03-13 19:50:24","post_date_gmt":"2022-03-13 08:50:24","post_content":"\n

Yuga Labs, the company behind the Bored Ape Yacht Club NFT collection, has acquired CryptoPunks and Meebits from fellow developer Larva Labs.<\/p>\n\n\n\n

A joint<\/a> announcement<\/a> was made by Larva Labs and Yuga Labs on Twitter<\/a> on Friday evening.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/yugalabs\/status\/1502420714527334406?s=20&t=IyM-KDtJPh0WaI5XPfA10A\n<\/div><\/figure>\n\n\n\n

Yuga Labs \"now own the brands, copyright in the art, and other IP rights for both collections, along with 423 CryptoPunks and 1711 Meebits\" according to their announcement. This means that they own both the 1st<\/a> and 2nd<\/a> most valuable NFT collections on the market.<\/p>\n\n\n\n

Yuga Labs plans to grant the commercial rights to all CryptoPunk and Meebit NFTs to their owners, as has been done for BAYC owners. This still means that Yuga Labs owns the collection and will \"be building the overall brand right alongside them\", but each NFT owner can monetize their specific ape.<\/p>\n\n\n\n

\"It\u2019s been amazing to watch the BAYC ecosystem use their rights to collaborate and build awesome shit we never could have dreamed up. We can\u2019t wait to see the Cryptopunks and Meebits communities do the same.<\/em>\"<\/p>Yuga Labs on Twitter<\/a><\/cite><\/blockquote>\n","post_title":"BAYC's Yuga Labs Acquires Rights To CryptoPunks And Meebits","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"baycs-yuga-labs-acquires-rights-to-cryptopunks-and-meebits","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:28","post_modified_gmt":"2022-03-14 10:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 5

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n
\"Solana
Solana Price Data on 31st March - Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"OpenSea To Support Solana NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"opensea-to-support-solana-nfts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/blockchain-essentials-application-layer-protocols\/","post_modified":"2023-04-11 12:49:54","post_modified_gmt":"2023-04-11 02:49:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4175","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4087,"post_author":"1","post_date":"2022-03-24 23:37:18","post_date_gmt":"2022-03-24 12:37:18","post_content":"\n

In a\u00a0blog post<\/a>\u00a0by Loopring's head of growth, Adam Browman states that \"the GameStop NFT Marketplace has taken its first steps to welcome users, and it is built atop Loopring!\"<\/p>\n\n\n\n

Browman believes that the project \"has the potential to cement itself at the forefront of this new paradigm and become the destination for global digital economies.\" The blog post states that users can get early access to the project now to set up usernames and profiles, as well as make their first deposits.<\/p>\n\n\n\n

GameStop and NFTs<\/h2>\n\n\n\n

Rumors circulating since November\u00a0suggested that Loopring might be working with GameStop on a metaverse-related project. The Wall Street Journal\u00a0reported<\/a> in January\u00a0that GameStop was planning to build a new team focused on NFTs.<\/p>\n\n\n\n

Soon after that announcement, GameStop mentioned Immuntable X as their primary partner for the project. Despite this fact, Loopring was mentioned<\/a> at the time in an SEC filing<\/a>.<\/p>\n\n\n\n

According to an article from Decrypt<\/a>, there has been a lot of confusion on the topic and who is powering the NFT marketplace. It turns out that both Loopring and Immutable X are powering the NFT plans of GameStop. Although Immutable X tweeted<\/a> in a thread how they are the \"preferred partner\".<\/p>\n\n\n\n

Immutable mentioned the Loopring integration \u201cwas not a surprise (and we welcome them!).\" The marketplace will act as an aggregator across NFT minting platforms. Although, it appears that Immutable X will receive the most focus on the marketplace being the \"preferred partner\".<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Immutable\/status\/1506596126677295108\n<\/div><\/figure>\n\n\n\n

Since the announcement, $LRC<\/a>, the native token of Layer 2 blockchain<\/a> Loopring has soared over 35% to a high of $1.21. Although it is now trading steadily at $1.09. Loopring is currently sitting at a market cap of US$1.46 billion, according to data from CoinMarketCap.<\/p>\n\n\n\n

$IMX<\/a>, the token on the Immutable X blockchain is down 8.9% in the past 24 hours, trading at $2.19, according to data from CoinMarketCap.<\/p>\n\n\n\n

The other company in the mix, GameStop also had a huge day seeing a 14.5% gain to $141 in GME<\/a> stocks. Over 24 million GME shares were traded today alone. <\/p>\n","post_title":"GameStop NFT Marketplace Has Entered Beta, Integrated With Loopring","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"gamestop-nft-marketplace-has-entered-beta-integrated-with-loopring","to_ping":"","pinged":"","post_modified":"2022-03-24 23:37:42","post_modified_gmt":"2022-03-24 12:37:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4087","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4089,"post_author":"1","post_date":"2022-03-24 22:46:11","post_date_gmt":"2022-03-24 11:46:11","post_content":"\n

Floyd \u2019Money\u2019 Mayweather has re-entered the world of cryptocurrency with the announcement of his 2nd NFT project, dubbed Mayweverse. <\/p>\n\n\n\n

The project will consist of 5 different NFTs, each NFT will have 1000 copies available to mint. Every card has its own rarity, utility, and prizes. <\/p>\n\n\n\n

Despite how good it may sounds, Twitter users were quick to criticize. Floyd was reminded<\/a> of his previous NFT project<\/a>, which made him nearly US$5 million and is now worthless. \u201cYou already have an NFT project, it\u2019s called @RealFloydNFT. You released it last year and then stopped working on it immediately after. Have you been punched in the head so much that you\u2019re forgetting these things now?\u201d<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Berke_eth\/status\/1506051809542037506\n<\/div><\/figure>\n\n\n\n

Users were quick to call his bluff<\/a>. Floyd states that he has been working on this for months, although the twitter handle @mayweverse<\/a> was created this month. <\/p>\n\n\n\n

Coffezilla, known for calling out rug pulls and scams within the industry tweeted<\/a> his thoughts on the NFT project. He states \"Floyd Mayweather is frantically deleting evidence of his last NFT scam. He's getting roasted by the investors.\" <\/p>\n\n\n\n

Will this NFT collection follow in the footsteps of his previous NFT collection and be abandoned, or will he stick by his word?<\/p>\n","post_title":"Floyd Mayweather Re-enters The World Of Crypto With \u2018Mayweverse\u2019 NFT Project","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"floyd-mayweather-re-enters-the-world-of-crypto-with-mayweverse-nft-project","to_ping":"","pinged":"","post_modified":"2022-03-24 23:37:53","post_modified_gmt":"2022-03-24 12:37:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4089","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4003,"post_author":"1","post_date":"2022-03-21 15:25:03","post_date_gmt":"2022-03-21 04:25:03","post_content":"\n

Adobe-backed creative showcase platform Behance<\/a> to showcase Solana NFTs within the platform. The addition of this feature will allow creators to earn from their designs.<\/p>\n\n\n\n

The feature is only available to creators who have a Phantom Wallet<\/a> connected to their Behance accounts, and are hosted by QuickNode<\/a>. Once this is done, creators can showcase various NFTs from the Solana blockchain on their profiles. <\/p>\n\n\n\n

Adobes Vice President, William Allen, stated that although there are features to implement Ethereum NFTs on the Behance platform already, creators may not want to use Ethereum due to the high gas fees<\/a>. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/williamallen\/status\/1500858469447917571?s=21\n<\/div><\/figure>\n\n\n\n

In turn, Allen addresses<\/a> that \u201cA single transaction on Solana uses less energy than two google searches and costs a fraction of a penny\u201d insisting that it may be a better alternative for some creators. <\/p>\n\n\n\n

\"\"<\/a>
Solanas 1 Day Price Tracker \/ Source - CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

Notes On The Collaborators <\/h2>\n\n\n\n

Phantom Wallet was quick to regard this as a \u201chuge\u201d collaboration for Solana and their emerging creator economy. The low cost and eco friendly nature of Solana will allow a larger range of artists the ability to experiment with NFTs. Allen stated<\/a> on Twitter that Solana will be added to the \u2019Content Credentials\u2019 tool in photoshop, allowing creators to publish NFTs from photoshop ensuring that the work stays their work. <\/p>\n\n\n\n

QuickNode which rented the space within the mainnet of Solana to Adobe is the leading Solana node provider, sustaining over 50% of the entire nodes on the network. No official statement has been released by the team yet. <\/p>\n","post_title":"Solana NFTs To Be Integrated Within Behance","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"solana-nfts-to-be-integrated-within-behance","to_ping":"","pinged":"","post_modified":"2023-04-11 12:51:53","post_modified_gmt":"2023-04-11 02:51:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4003","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3933,"post_author":"1","post_date":"2022-03-14 22:44:23","post_date_gmt":"2022-03-14 11:44:23","post_content":"\n

EtherRock #44, an NFT<\/a> valued at around US$1,000,000 was accidentally listed<\/a> for 444 Wei<\/a> (>US$0.0000001), rather than 444 Ether (US$1,151,000).<\/p>\n\n\n\n

Former owner Dino, posted about the unfortunate event on Twitter.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501802006364635139?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1501802006364635139%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.tronweekly.com%2F1m-worth-rock-nft-sells-for-under-a-penny%2F\n<\/div><\/figure>\n\n\n\n

The EtherRock was instantly purchased<\/a> and relisted by a bot, within the same block, with Dino requesting<\/a> an Etherscan refund. This has so far been unsuccessful. <\/p>\n\n\n\n

Although a very costly mistake, Dino has made his peace with the situation, agreeing it was more of an \"easy come, easy go\" situation. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501897330353934337\n<\/div><\/figure>\n\n\n\n

\"They say it is better to have rocked and lost rock than to have never rocked at all.\"<\/em><\/p>HiddenGnome on Twitter<\/a><\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"EtherRock Worth $1M Sold For A Fraction Of A Cent","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"etherrock-worth-1m-sold-for-a-fraction-of-a-cent","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/wei\/","post_modified":"2023-04-11 12:52:09","post_modified_gmt":"2023-04-11 02:52:09","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3933","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3890,"post_author":"1","post_date":"2022-03-13 19:50:24","post_date_gmt":"2022-03-13 08:50:24","post_content":"\n

Yuga Labs, the company behind the Bored Ape Yacht Club NFT collection, has acquired CryptoPunks and Meebits from fellow developer Larva Labs.<\/p>\n\n\n\n

A joint<\/a> announcement<\/a> was made by Larva Labs and Yuga Labs on Twitter<\/a> on Friday evening.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/yugalabs\/status\/1502420714527334406?s=20&t=IyM-KDtJPh0WaI5XPfA10A\n<\/div><\/figure>\n\n\n\n

Yuga Labs \"now own the brands, copyright in the art, and other IP rights for both collections, along with 423 CryptoPunks and 1711 Meebits\" according to their announcement. This means that they own both the 1st<\/a> and 2nd<\/a> most valuable NFT collections on the market.<\/p>\n\n\n\n

Yuga Labs plans to grant the commercial rights to all CryptoPunk and Meebit NFTs to their owners, as has been done for BAYC owners. This still means that Yuga Labs owns the collection and will \"be building the overall brand right alongside them\", but each NFT owner can monetize their specific ape.<\/p>\n\n\n\n

\"It\u2019s been amazing to watch the BAYC ecosystem use their rights to collaborate and build awesome shit we never could have dreamed up. We can\u2019t wait to see the Cryptopunks and Meebits communities do the same.<\/em>\"<\/p>Yuga Labs on Twitter<\/a><\/cite><\/blockquote>\n","post_title":"BAYC's Yuga Labs Acquires Rights To CryptoPunks And Meebits","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"baycs-yuga-labs-acquires-rights-to-cryptopunks-and-meebits","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:28","post_modified_gmt":"2022-03-14 10:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 5

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Solana is up 11.23% today at a price of $124.14, with a 24-hour trading volume of $3,860,298,289 USD.<\/p>\n\n\n\n

\"Solana
Solana Price Data on 31st March - Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"OpenSea To Support Solana NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"opensea-to-support-solana-nfts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/blockchain-essentials-application-layer-protocols\/","post_modified":"2023-04-11 12:49:54","post_modified_gmt":"2023-04-11 02:49:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4175","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4087,"post_author":"1","post_date":"2022-03-24 23:37:18","post_date_gmt":"2022-03-24 12:37:18","post_content":"\n

In a\u00a0blog post<\/a>\u00a0by Loopring's head of growth, Adam Browman states that \"the GameStop NFT Marketplace has taken its first steps to welcome users, and it is built atop Loopring!\"<\/p>\n\n\n\n

Browman believes that the project \"has the potential to cement itself at the forefront of this new paradigm and become the destination for global digital economies.\" The blog post states that users can get early access to the project now to set up usernames and profiles, as well as make their first deposits.<\/p>\n\n\n\n

GameStop and NFTs<\/h2>\n\n\n\n

Rumors circulating since November\u00a0suggested that Loopring might be working with GameStop on a metaverse-related project. The Wall Street Journal\u00a0reported<\/a> in January\u00a0that GameStop was planning to build a new team focused on NFTs.<\/p>\n\n\n\n

Soon after that announcement, GameStop mentioned Immuntable X as their primary partner for the project. Despite this fact, Loopring was mentioned<\/a> at the time in an SEC filing<\/a>.<\/p>\n\n\n\n

According to an article from Decrypt<\/a>, there has been a lot of confusion on the topic and who is powering the NFT marketplace. It turns out that both Loopring and Immutable X are powering the NFT plans of GameStop. Although Immutable X tweeted<\/a> in a thread how they are the \"preferred partner\".<\/p>\n\n\n\n

Immutable mentioned the Loopring integration \u201cwas not a surprise (and we welcome them!).\" The marketplace will act as an aggregator across NFT minting platforms. Although, it appears that Immutable X will receive the most focus on the marketplace being the \"preferred partner\".<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Immutable\/status\/1506596126677295108\n<\/div><\/figure>\n\n\n\n

Since the announcement, $LRC<\/a>, the native token of Layer 2 blockchain<\/a> Loopring has soared over 35% to a high of $1.21. Although it is now trading steadily at $1.09. Loopring is currently sitting at a market cap of US$1.46 billion, according to data from CoinMarketCap.<\/p>\n\n\n\n

$IMX<\/a>, the token on the Immutable X blockchain is down 8.9% in the past 24 hours, trading at $2.19, according to data from CoinMarketCap.<\/p>\n\n\n\n

The other company in the mix, GameStop also had a huge day seeing a 14.5% gain to $141 in GME<\/a> stocks. Over 24 million GME shares were traded today alone. <\/p>\n","post_title":"GameStop NFT Marketplace Has Entered Beta, Integrated With Loopring","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"gamestop-nft-marketplace-has-entered-beta-integrated-with-loopring","to_ping":"","pinged":"","post_modified":"2022-03-24 23:37:42","post_modified_gmt":"2022-03-24 12:37:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4087","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4089,"post_author":"1","post_date":"2022-03-24 22:46:11","post_date_gmt":"2022-03-24 11:46:11","post_content":"\n

Floyd \u2019Money\u2019 Mayweather has re-entered the world of cryptocurrency with the announcement of his 2nd NFT project, dubbed Mayweverse. <\/p>\n\n\n\n

The project will consist of 5 different NFTs, each NFT will have 1000 copies available to mint. Every card has its own rarity, utility, and prizes. <\/p>\n\n\n\n

Despite how good it may sounds, Twitter users were quick to criticize. Floyd was reminded<\/a> of his previous NFT project<\/a>, which made him nearly US$5 million and is now worthless. \u201cYou already have an NFT project, it\u2019s called @RealFloydNFT. You released it last year and then stopped working on it immediately after. Have you been punched in the head so much that you\u2019re forgetting these things now?\u201d<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Berke_eth\/status\/1506051809542037506\n<\/div><\/figure>\n\n\n\n

Users were quick to call his bluff<\/a>. Floyd states that he has been working on this for months, although the twitter handle @mayweverse<\/a> was created this month. <\/p>\n\n\n\n

Coffezilla, known for calling out rug pulls and scams within the industry tweeted<\/a> his thoughts on the NFT project. He states \"Floyd Mayweather is frantically deleting evidence of his last NFT scam. He's getting roasted by the investors.\" <\/p>\n\n\n\n

Will this NFT collection follow in the footsteps of his previous NFT collection and be abandoned, or will he stick by his word?<\/p>\n","post_title":"Floyd Mayweather Re-enters The World Of Crypto With \u2018Mayweverse\u2019 NFT Project","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"floyd-mayweather-re-enters-the-world-of-crypto-with-mayweverse-nft-project","to_ping":"","pinged":"","post_modified":"2022-03-24 23:37:53","post_modified_gmt":"2022-03-24 12:37:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4089","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4003,"post_author":"1","post_date":"2022-03-21 15:25:03","post_date_gmt":"2022-03-21 04:25:03","post_content":"\n

Adobe-backed creative showcase platform Behance<\/a> to showcase Solana NFTs within the platform. The addition of this feature will allow creators to earn from their designs.<\/p>\n\n\n\n

The feature is only available to creators who have a Phantom Wallet<\/a> connected to their Behance accounts, and are hosted by QuickNode<\/a>. Once this is done, creators can showcase various NFTs from the Solana blockchain on their profiles. <\/p>\n\n\n\n

Adobes Vice President, William Allen, stated that although there are features to implement Ethereum NFTs on the Behance platform already, creators may not want to use Ethereum due to the high gas fees<\/a>. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/williamallen\/status\/1500858469447917571?s=21\n<\/div><\/figure>\n\n\n\n

In turn, Allen addresses<\/a> that \u201cA single transaction on Solana uses less energy than two google searches and costs a fraction of a penny\u201d insisting that it may be a better alternative for some creators. <\/p>\n\n\n\n

\"\"<\/a>
Solanas 1 Day Price Tracker \/ Source - CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

Notes On The Collaborators <\/h2>\n\n\n\n

Phantom Wallet was quick to regard this as a \u201chuge\u201d collaboration for Solana and their emerging creator economy. The low cost and eco friendly nature of Solana will allow a larger range of artists the ability to experiment with NFTs. Allen stated<\/a> on Twitter that Solana will be added to the \u2019Content Credentials\u2019 tool in photoshop, allowing creators to publish NFTs from photoshop ensuring that the work stays their work. <\/p>\n\n\n\n

QuickNode which rented the space within the mainnet of Solana to Adobe is the leading Solana node provider, sustaining over 50% of the entire nodes on the network. No official statement has been released by the team yet. <\/p>\n","post_title":"Solana NFTs To Be Integrated Within Behance","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"solana-nfts-to-be-integrated-within-behance","to_ping":"","pinged":"","post_modified":"2023-04-11 12:51:53","post_modified_gmt":"2023-04-11 02:51:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4003","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3933,"post_author":"1","post_date":"2022-03-14 22:44:23","post_date_gmt":"2022-03-14 11:44:23","post_content":"\n

EtherRock #44, an NFT<\/a> valued at around US$1,000,000 was accidentally listed<\/a> for 444 Wei<\/a> (>US$0.0000001), rather than 444 Ether (US$1,151,000).<\/p>\n\n\n\n

Former owner Dino, posted about the unfortunate event on Twitter.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501802006364635139?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1501802006364635139%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.tronweekly.com%2F1m-worth-rock-nft-sells-for-under-a-penny%2F\n<\/div><\/figure>\n\n\n\n

The EtherRock was instantly purchased<\/a> and relisted by a bot, within the same block, with Dino requesting<\/a> an Etherscan refund. This has so far been unsuccessful. <\/p>\n\n\n\n

Although a very costly mistake, Dino has made his peace with the situation, agreeing it was more of an \"easy come, easy go\" situation. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501897330353934337\n<\/div><\/figure>\n\n\n\n

\"They say it is better to have rocked and lost rock than to have never rocked at all.\"<\/em><\/p>HiddenGnome on Twitter<\/a><\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"EtherRock Worth $1M Sold For A Fraction Of A Cent","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"etherrock-worth-1m-sold-for-a-fraction-of-a-cent","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/wei\/","post_modified":"2023-04-11 12:52:09","post_modified_gmt":"2023-04-11 02:52:09","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3933","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3890,"post_author":"1","post_date":"2022-03-13 19:50:24","post_date_gmt":"2022-03-13 08:50:24","post_content":"\n

Yuga Labs, the company behind the Bored Ape Yacht Club NFT collection, has acquired CryptoPunks and Meebits from fellow developer Larva Labs.<\/p>\n\n\n\n

A joint<\/a> announcement<\/a> was made by Larva Labs and Yuga Labs on Twitter<\/a> on Friday evening.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/yugalabs\/status\/1502420714527334406?s=20&t=IyM-KDtJPh0WaI5XPfA10A\n<\/div><\/figure>\n\n\n\n

Yuga Labs \"now own the brands, copyright in the art, and other IP rights for both collections, along with 423 CryptoPunks and 1711 Meebits\" according to their announcement. This means that they own both the 1st<\/a> and 2nd<\/a> most valuable NFT collections on the market.<\/p>\n\n\n\n

Yuga Labs plans to grant the commercial rights to all CryptoPunk and Meebit NFTs to their owners, as has been done for BAYC owners. This still means that Yuga Labs owns the collection and will \"be building the overall brand right alongside them\", but each NFT owner can monetize their specific ape.<\/p>\n\n\n\n

\"It\u2019s been amazing to watch the BAYC ecosystem use their rights to collaborate and build awesome shit we never could have dreamed up. We can\u2019t wait to see the Cryptopunks and Meebits communities do the same.<\/em>\"<\/p>Yuga Labs on Twitter<\/a><\/cite><\/blockquote>\n","post_title":"BAYC's Yuga Labs Acquires Rights To CryptoPunks And Meebits","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"baycs-yuga-labs-acquires-rights-to-cryptopunks-and-meebits","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:28","post_modified_gmt":"2022-03-14 10:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 5

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Solana is a Layer 1<\/a> blockchain, like Ethereum. Although, Solana uses Proof-of-History<\/a> as its consensus mechanism compared to Ethereum's Proof-of-Work. This allows Solana to have a throughput of 60,000 transactions per second, compared to Ethereum's current 15 transactions per second. This would make Solana a cheaper network to use, with much lower gas fees<\/a> compared with a blockchain like Ethereum.<\/p>\n\n\n\n

Solana is up 11.23% today at a price of $124.14, with a 24-hour trading volume of $3,860,298,289 USD.<\/p>\n\n\n\n

\"Solana
Solana Price Data on 31st March - Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"OpenSea To Support Solana NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"opensea-to-support-solana-nfts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/blockchain-essentials-application-layer-protocols\/","post_modified":"2023-04-11 12:49:54","post_modified_gmt":"2023-04-11 02:49:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4175","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4087,"post_author":"1","post_date":"2022-03-24 23:37:18","post_date_gmt":"2022-03-24 12:37:18","post_content":"\n

In a\u00a0blog post<\/a>\u00a0by Loopring's head of growth, Adam Browman states that \"the GameStop NFT Marketplace has taken its first steps to welcome users, and it is built atop Loopring!\"<\/p>\n\n\n\n

Browman believes that the project \"has the potential to cement itself at the forefront of this new paradigm and become the destination for global digital economies.\" The blog post states that users can get early access to the project now to set up usernames and profiles, as well as make their first deposits.<\/p>\n\n\n\n

GameStop and NFTs<\/h2>\n\n\n\n

Rumors circulating since November\u00a0suggested that Loopring might be working with GameStop on a metaverse-related project. The Wall Street Journal\u00a0reported<\/a> in January\u00a0that GameStop was planning to build a new team focused on NFTs.<\/p>\n\n\n\n

Soon after that announcement, GameStop mentioned Immuntable X as their primary partner for the project. Despite this fact, Loopring was mentioned<\/a> at the time in an SEC filing<\/a>.<\/p>\n\n\n\n

According to an article from Decrypt<\/a>, there has been a lot of confusion on the topic and who is powering the NFT marketplace. It turns out that both Loopring and Immutable X are powering the NFT plans of GameStop. Although Immutable X tweeted<\/a> in a thread how they are the \"preferred partner\".<\/p>\n\n\n\n

Immutable mentioned the Loopring integration \u201cwas not a surprise (and we welcome them!).\" The marketplace will act as an aggregator across NFT minting platforms. Although, it appears that Immutable X will receive the most focus on the marketplace being the \"preferred partner\".<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Immutable\/status\/1506596126677295108\n<\/div><\/figure>\n\n\n\n

Since the announcement, $LRC<\/a>, the native token of Layer 2 blockchain<\/a> Loopring has soared over 35% to a high of $1.21. Although it is now trading steadily at $1.09. Loopring is currently sitting at a market cap of US$1.46 billion, according to data from CoinMarketCap.<\/p>\n\n\n\n

$IMX<\/a>, the token on the Immutable X blockchain is down 8.9% in the past 24 hours, trading at $2.19, according to data from CoinMarketCap.<\/p>\n\n\n\n

The other company in the mix, GameStop also had a huge day seeing a 14.5% gain to $141 in GME<\/a> stocks. Over 24 million GME shares were traded today alone. <\/p>\n","post_title":"GameStop NFT Marketplace Has Entered Beta, Integrated With Loopring","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"gamestop-nft-marketplace-has-entered-beta-integrated-with-loopring","to_ping":"","pinged":"","post_modified":"2022-03-24 23:37:42","post_modified_gmt":"2022-03-24 12:37:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4087","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4089,"post_author":"1","post_date":"2022-03-24 22:46:11","post_date_gmt":"2022-03-24 11:46:11","post_content":"\n

Floyd \u2019Money\u2019 Mayweather has re-entered the world of cryptocurrency with the announcement of his 2nd NFT project, dubbed Mayweverse. <\/p>\n\n\n\n

The project will consist of 5 different NFTs, each NFT will have 1000 copies available to mint. Every card has its own rarity, utility, and prizes. <\/p>\n\n\n\n

Despite how good it may sounds, Twitter users were quick to criticize. Floyd was reminded<\/a> of his previous NFT project<\/a>, which made him nearly US$5 million and is now worthless. \u201cYou already have an NFT project, it\u2019s called @RealFloydNFT. You released it last year and then stopped working on it immediately after. Have you been punched in the head so much that you\u2019re forgetting these things now?\u201d<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Berke_eth\/status\/1506051809542037506\n<\/div><\/figure>\n\n\n\n

Users were quick to call his bluff<\/a>. Floyd states that he has been working on this for months, although the twitter handle @mayweverse<\/a> was created this month. <\/p>\n\n\n\n

Coffezilla, known for calling out rug pulls and scams within the industry tweeted<\/a> his thoughts on the NFT project. He states \"Floyd Mayweather is frantically deleting evidence of his last NFT scam. He's getting roasted by the investors.\" <\/p>\n\n\n\n

Will this NFT collection follow in the footsteps of his previous NFT collection and be abandoned, or will he stick by his word?<\/p>\n","post_title":"Floyd Mayweather Re-enters The World Of Crypto With \u2018Mayweverse\u2019 NFT Project","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"floyd-mayweather-re-enters-the-world-of-crypto-with-mayweverse-nft-project","to_ping":"","pinged":"","post_modified":"2022-03-24 23:37:53","post_modified_gmt":"2022-03-24 12:37:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4089","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4003,"post_author":"1","post_date":"2022-03-21 15:25:03","post_date_gmt":"2022-03-21 04:25:03","post_content":"\n

Adobe-backed creative showcase platform Behance<\/a> to showcase Solana NFTs within the platform. The addition of this feature will allow creators to earn from their designs.<\/p>\n\n\n\n

The feature is only available to creators who have a Phantom Wallet<\/a> connected to their Behance accounts, and are hosted by QuickNode<\/a>. Once this is done, creators can showcase various NFTs from the Solana blockchain on their profiles. <\/p>\n\n\n\n

Adobes Vice President, William Allen, stated that although there are features to implement Ethereum NFTs on the Behance platform already, creators may not want to use Ethereum due to the high gas fees<\/a>. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/williamallen\/status\/1500858469447917571?s=21\n<\/div><\/figure>\n\n\n\n

In turn, Allen addresses<\/a> that \u201cA single transaction on Solana uses less energy than two google searches and costs a fraction of a penny\u201d insisting that it may be a better alternative for some creators. <\/p>\n\n\n\n

\"\"<\/a>
Solanas 1 Day Price Tracker \/ Source - CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

Notes On The Collaborators <\/h2>\n\n\n\n

Phantom Wallet was quick to regard this as a \u201chuge\u201d collaboration for Solana and their emerging creator economy. The low cost and eco friendly nature of Solana will allow a larger range of artists the ability to experiment with NFTs. Allen stated<\/a> on Twitter that Solana will be added to the \u2019Content Credentials\u2019 tool in photoshop, allowing creators to publish NFTs from photoshop ensuring that the work stays their work. <\/p>\n\n\n\n

QuickNode which rented the space within the mainnet of Solana to Adobe is the leading Solana node provider, sustaining over 50% of the entire nodes on the network. No official statement has been released by the team yet. <\/p>\n","post_title":"Solana NFTs To Be Integrated Within Behance","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"solana-nfts-to-be-integrated-within-behance","to_ping":"","pinged":"","post_modified":"2023-04-11 12:51:53","post_modified_gmt":"2023-04-11 02:51:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4003","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3933,"post_author":"1","post_date":"2022-03-14 22:44:23","post_date_gmt":"2022-03-14 11:44:23","post_content":"\n

EtherRock #44, an NFT<\/a> valued at around US$1,000,000 was accidentally listed<\/a> for 444 Wei<\/a> (>US$0.0000001), rather than 444 Ether (US$1,151,000).<\/p>\n\n\n\n

Former owner Dino, posted about the unfortunate event on Twitter.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501802006364635139?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1501802006364635139%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.tronweekly.com%2F1m-worth-rock-nft-sells-for-under-a-penny%2F\n<\/div><\/figure>\n\n\n\n

The EtherRock was instantly purchased<\/a> and relisted by a bot, within the same block, with Dino requesting<\/a> an Etherscan refund. This has so far been unsuccessful. <\/p>\n\n\n\n

Although a very costly mistake, Dino has made his peace with the situation, agreeing it was more of an \"easy come, easy go\" situation. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501897330353934337\n<\/div><\/figure>\n\n\n\n

\"They say it is better to have rocked and lost rock than to have never rocked at all.\"<\/em><\/p>HiddenGnome on Twitter<\/a><\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"EtherRock Worth $1M Sold For A Fraction Of A Cent","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"etherrock-worth-1m-sold-for-a-fraction-of-a-cent","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/wei\/","post_modified":"2023-04-11 12:52:09","post_modified_gmt":"2023-04-11 02:52:09","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3933","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3890,"post_author":"1","post_date":"2022-03-13 19:50:24","post_date_gmt":"2022-03-13 08:50:24","post_content":"\n

Yuga Labs, the company behind the Bored Ape Yacht Club NFT collection, has acquired CryptoPunks and Meebits from fellow developer Larva Labs.<\/p>\n\n\n\n

A joint<\/a> announcement<\/a> was made by Larva Labs and Yuga Labs on Twitter<\/a> on Friday evening.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/yugalabs\/status\/1502420714527334406?s=20&t=IyM-KDtJPh0WaI5XPfA10A\n<\/div><\/figure>\n\n\n\n

Yuga Labs \"now own the brands, copyright in the art, and other IP rights for both collections, along with 423 CryptoPunks and 1711 Meebits\" according to their announcement. This means that they own both the 1st<\/a> and 2nd<\/a> most valuable NFT collections on the market.<\/p>\n\n\n\n

Yuga Labs plans to grant the commercial rights to all CryptoPunk and Meebit NFTs to their owners, as has been done for BAYC owners. This still means that Yuga Labs owns the collection and will \"be building the overall brand right alongside them\", but each NFT owner can monetize their specific ape.<\/p>\n\n\n\n

\"It\u2019s been amazing to watch the BAYC ecosystem use their rights to collaborate and build awesome shit we never could have dreamed up. We can\u2019t wait to see the Cryptopunks and Meebits communities do the same.<\/em>\"<\/p>Yuga Labs on Twitter<\/a><\/cite><\/blockquote>\n","post_title":"BAYC's Yuga Labs Acquires Rights To CryptoPunks And Meebits","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"baycs-yuga-labs-acquires-rights-to-cryptopunks-and-meebits","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:28","post_modified_gmt":"2022-03-14 10:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 5

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n
\nhttps:\/\/twitter.com\/wongmjane\/status\/1486077324630302721\n<\/div><\/figure>\n\n\n\n

Solana is a Layer 1<\/a> blockchain, like Ethereum. Although, Solana uses Proof-of-History<\/a> as its consensus mechanism compared to Ethereum's Proof-of-Work. This allows Solana to have a throughput of 60,000 transactions per second, compared to Ethereum's current 15 transactions per second. This would make Solana a cheaper network to use, with much lower gas fees<\/a> compared with a blockchain like Ethereum.<\/p>\n\n\n\n

Solana is up 11.23% today at a price of $124.14, with a 24-hour trading volume of $3,860,298,289 USD.<\/p>\n\n\n\n

\"Solana
Solana Price Data on 31st March - Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"OpenSea To Support Solana NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"opensea-to-support-solana-nfts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/blockchain-essentials-application-layer-protocols\/","post_modified":"2023-04-11 12:49:54","post_modified_gmt":"2023-04-11 02:49:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4175","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4087,"post_author":"1","post_date":"2022-03-24 23:37:18","post_date_gmt":"2022-03-24 12:37:18","post_content":"\n

In a\u00a0blog post<\/a>\u00a0by Loopring's head of growth, Adam Browman states that \"the GameStop NFT Marketplace has taken its first steps to welcome users, and it is built atop Loopring!\"<\/p>\n\n\n\n

Browman believes that the project \"has the potential to cement itself at the forefront of this new paradigm and become the destination for global digital economies.\" The blog post states that users can get early access to the project now to set up usernames and profiles, as well as make their first deposits.<\/p>\n\n\n\n

GameStop and NFTs<\/h2>\n\n\n\n

Rumors circulating since November\u00a0suggested that Loopring might be working with GameStop on a metaverse-related project. The Wall Street Journal\u00a0reported<\/a> in January\u00a0that GameStop was planning to build a new team focused on NFTs.<\/p>\n\n\n\n

Soon after that announcement, GameStop mentioned Immuntable X as their primary partner for the project. Despite this fact, Loopring was mentioned<\/a> at the time in an SEC filing<\/a>.<\/p>\n\n\n\n

According to an article from Decrypt<\/a>, there has been a lot of confusion on the topic and who is powering the NFT marketplace. It turns out that both Loopring and Immutable X are powering the NFT plans of GameStop. Although Immutable X tweeted<\/a> in a thread how they are the \"preferred partner\".<\/p>\n\n\n\n

Immutable mentioned the Loopring integration \u201cwas not a surprise (and we welcome them!).\" The marketplace will act as an aggregator across NFT minting platforms. Although, it appears that Immutable X will receive the most focus on the marketplace being the \"preferred partner\".<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Immutable\/status\/1506596126677295108\n<\/div><\/figure>\n\n\n\n

Since the announcement, $LRC<\/a>, the native token of Layer 2 blockchain<\/a> Loopring has soared over 35% to a high of $1.21. Although it is now trading steadily at $1.09. Loopring is currently sitting at a market cap of US$1.46 billion, according to data from CoinMarketCap.<\/p>\n\n\n\n

$IMX<\/a>, the token on the Immutable X blockchain is down 8.9% in the past 24 hours, trading at $2.19, according to data from CoinMarketCap.<\/p>\n\n\n\n

The other company in the mix, GameStop also had a huge day seeing a 14.5% gain to $141 in GME<\/a> stocks. Over 24 million GME shares were traded today alone. <\/p>\n","post_title":"GameStop NFT Marketplace Has Entered Beta, Integrated With Loopring","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"gamestop-nft-marketplace-has-entered-beta-integrated-with-loopring","to_ping":"","pinged":"","post_modified":"2022-03-24 23:37:42","post_modified_gmt":"2022-03-24 12:37:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4087","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4089,"post_author":"1","post_date":"2022-03-24 22:46:11","post_date_gmt":"2022-03-24 11:46:11","post_content":"\n

Floyd \u2019Money\u2019 Mayweather has re-entered the world of cryptocurrency with the announcement of his 2nd NFT project, dubbed Mayweverse. <\/p>\n\n\n\n

The project will consist of 5 different NFTs, each NFT will have 1000 copies available to mint. Every card has its own rarity, utility, and prizes. <\/p>\n\n\n\n

Despite how good it may sounds, Twitter users were quick to criticize. Floyd was reminded<\/a> of his previous NFT project<\/a>, which made him nearly US$5 million and is now worthless. \u201cYou already have an NFT project, it\u2019s called @RealFloydNFT. You released it last year and then stopped working on it immediately after. Have you been punched in the head so much that you\u2019re forgetting these things now?\u201d<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Berke_eth\/status\/1506051809542037506\n<\/div><\/figure>\n\n\n\n

Users were quick to call his bluff<\/a>. Floyd states that he has been working on this for months, although the twitter handle @mayweverse<\/a> was created this month. <\/p>\n\n\n\n

Coffezilla, known for calling out rug pulls and scams within the industry tweeted<\/a> his thoughts on the NFT project. He states \"Floyd Mayweather is frantically deleting evidence of his last NFT scam. He's getting roasted by the investors.\" <\/p>\n\n\n\n

Will this NFT collection follow in the footsteps of his previous NFT collection and be abandoned, or will he stick by his word?<\/p>\n","post_title":"Floyd Mayweather Re-enters The World Of Crypto With \u2018Mayweverse\u2019 NFT Project","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"floyd-mayweather-re-enters-the-world-of-crypto-with-mayweverse-nft-project","to_ping":"","pinged":"","post_modified":"2022-03-24 23:37:53","post_modified_gmt":"2022-03-24 12:37:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4089","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4003,"post_author":"1","post_date":"2022-03-21 15:25:03","post_date_gmt":"2022-03-21 04:25:03","post_content":"\n

Adobe-backed creative showcase platform Behance<\/a> to showcase Solana NFTs within the platform. The addition of this feature will allow creators to earn from their designs.<\/p>\n\n\n\n

The feature is only available to creators who have a Phantom Wallet<\/a> connected to their Behance accounts, and are hosted by QuickNode<\/a>. Once this is done, creators can showcase various NFTs from the Solana blockchain on their profiles. <\/p>\n\n\n\n

Adobes Vice President, William Allen, stated that although there are features to implement Ethereum NFTs on the Behance platform already, creators may not want to use Ethereum due to the high gas fees<\/a>. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/williamallen\/status\/1500858469447917571?s=21\n<\/div><\/figure>\n\n\n\n

In turn, Allen addresses<\/a> that \u201cA single transaction on Solana uses less energy than two google searches and costs a fraction of a penny\u201d insisting that it may be a better alternative for some creators. <\/p>\n\n\n\n

\"\"<\/a>
Solanas 1 Day Price Tracker \/ Source - CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

Notes On The Collaborators <\/h2>\n\n\n\n

Phantom Wallet was quick to regard this as a \u201chuge\u201d collaboration for Solana and their emerging creator economy. The low cost and eco friendly nature of Solana will allow a larger range of artists the ability to experiment with NFTs. Allen stated<\/a> on Twitter that Solana will be added to the \u2019Content Credentials\u2019 tool in photoshop, allowing creators to publish NFTs from photoshop ensuring that the work stays their work. <\/p>\n\n\n\n

QuickNode which rented the space within the mainnet of Solana to Adobe is the leading Solana node provider, sustaining over 50% of the entire nodes on the network. No official statement has been released by the team yet. <\/p>\n","post_title":"Solana NFTs To Be Integrated Within Behance","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"solana-nfts-to-be-integrated-within-behance","to_ping":"","pinged":"","post_modified":"2023-04-11 12:51:53","post_modified_gmt":"2023-04-11 02:51:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4003","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3933,"post_author":"1","post_date":"2022-03-14 22:44:23","post_date_gmt":"2022-03-14 11:44:23","post_content":"\n

EtherRock #44, an NFT<\/a> valued at around US$1,000,000 was accidentally listed<\/a> for 444 Wei<\/a> (>US$0.0000001), rather than 444 Ether (US$1,151,000).<\/p>\n\n\n\n

Former owner Dino, posted about the unfortunate event on Twitter.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501802006364635139?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1501802006364635139%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.tronweekly.com%2F1m-worth-rock-nft-sells-for-under-a-penny%2F\n<\/div><\/figure>\n\n\n\n

The EtherRock was instantly purchased<\/a> and relisted by a bot, within the same block, with Dino requesting<\/a> an Etherscan refund. This has so far been unsuccessful. <\/p>\n\n\n\n

Although a very costly mistake, Dino has made his peace with the situation, agreeing it was more of an \"easy come, easy go\" situation. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501897330353934337\n<\/div><\/figure>\n\n\n\n

\"They say it is better to have rocked and lost rock than to have never rocked at all.\"<\/em><\/p>HiddenGnome on Twitter<\/a><\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"EtherRock Worth $1M Sold For A Fraction Of A Cent","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"etherrock-worth-1m-sold-for-a-fraction-of-a-cent","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/wei\/","post_modified":"2023-04-11 12:52:09","post_modified_gmt":"2023-04-11 02:52:09","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3933","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3890,"post_author":"1","post_date":"2022-03-13 19:50:24","post_date_gmt":"2022-03-13 08:50:24","post_content":"\n

Yuga Labs, the company behind the Bored Ape Yacht Club NFT collection, has acquired CryptoPunks and Meebits from fellow developer Larva Labs.<\/p>\n\n\n\n

A joint<\/a> announcement<\/a> was made by Larva Labs and Yuga Labs on Twitter<\/a> on Friday evening.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/yugalabs\/status\/1502420714527334406?s=20&t=IyM-KDtJPh0WaI5XPfA10A\n<\/div><\/figure>\n\n\n\n

Yuga Labs \"now own the brands, copyright in the art, and other IP rights for both collections, along with 423 CryptoPunks and 1711 Meebits\" according to their announcement. This means that they own both the 1st<\/a> and 2nd<\/a> most valuable NFT collections on the market.<\/p>\n\n\n\n

Yuga Labs plans to grant the commercial rights to all CryptoPunk and Meebit NFTs to their owners, as has been done for BAYC owners. This still means that Yuga Labs owns the collection and will \"be building the overall brand right alongside them\", but each NFT owner can monetize their specific ape.<\/p>\n\n\n\n

\"It\u2019s been amazing to watch the BAYC ecosystem use their rights to collaborate and build awesome shit we never could have dreamed up. We can\u2019t wait to see the Cryptopunks and Meebits communities do the same.<\/em>\"<\/p>Yuga Labs on Twitter<\/a><\/cite><\/blockquote>\n","post_title":"BAYC's Yuga Labs Acquires Rights To CryptoPunks And Meebits","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"baycs-yuga-labs-acquires-rights-to-cryptopunks-and-meebits","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:28","post_modified_gmt":"2022-03-14 10:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 5

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/wongmjane\/status\/1486077324630302721\n<\/div><\/figure>\n\n\n\n

Solana is a Layer 1<\/a> blockchain, like Ethereum. Although, Solana uses Proof-of-History<\/a> as its consensus mechanism compared to Ethereum's Proof-of-Work. This allows Solana to have a throughput of 60,000 transactions per second, compared to Ethereum's current 15 transactions per second. This would make Solana a cheaper network to use, with much lower gas fees<\/a> compared with a blockchain like Ethereum.<\/p>\n\n\n\n

Solana is up 11.23% today at a price of $124.14, with a 24-hour trading volume of $3,860,298,289 USD.<\/p>\n\n\n\n

\"Solana
Solana Price Data on 31st March - Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"OpenSea To Support Solana NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"opensea-to-support-solana-nfts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/blockchain-essentials-application-layer-protocols\/","post_modified":"2023-04-11 12:49:54","post_modified_gmt":"2023-04-11 02:49:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4175","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4087,"post_author":"1","post_date":"2022-03-24 23:37:18","post_date_gmt":"2022-03-24 12:37:18","post_content":"\n

In a\u00a0blog post<\/a>\u00a0by Loopring's head of growth, Adam Browman states that \"the GameStop NFT Marketplace has taken its first steps to welcome users, and it is built atop Loopring!\"<\/p>\n\n\n\n

Browman believes that the project \"has the potential to cement itself at the forefront of this new paradigm and become the destination for global digital economies.\" The blog post states that users can get early access to the project now to set up usernames and profiles, as well as make their first deposits.<\/p>\n\n\n\n

GameStop and NFTs<\/h2>\n\n\n\n

Rumors circulating since November\u00a0suggested that Loopring might be working with GameStop on a metaverse-related project. The Wall Street Journal\u00a0reported<\/a> in January\u00a0that GameStop was planning to build a new team focused on NFTs.<\/p>\n\n\n\n

Soon after that announcement, GameStop mentioned Immuntable X as their primary partner for the project. Despite this fact, Loopring was mentioned<\/a> at the time in an SEC filing<\/a>.<\/p>\n\n\n\n

According to an article from Decrypt<\/a>, there has been a lot of confusion on the topic and who is powering the NFT marketplace. It turns out that both Loopring and Immutable X are powering the NFT plans of GameStop. Although Immutable X tweeted<\/a> in a thread how they are the \"preferred partner\".<\/p>\n\n\n\n

Immutable mentioned the Loopring integration \u201cwas not a surprise (and we welcome them!).\" The marketplace will act as an aggregator across NFT minting platforms. Although, it appears that Immutable X will receive the most focus on the marketplace being the \"preferred partner\".<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Immutable\/status\/1506596126677295108\n<\/div><\/figure>\n\n\n\n

Since the announcement, $LRC<\/a>, the native token of Layer 2 blockchain<\/a> Loopring has soared over 35% to a high of $1.21. Although it is now trading steadily at $1.09. Loopring is currently sitting at a market cap of US$1.46 billion, according to data from CoinMarketCap.<\/p>\n\n\n\n

$IMX<\/a>, the token on the Immutable X blockchain is down 8.9% in the past 24 hours, trading at $2.19, according to data from CoinMarketCap.<\/p>\n\n\n\n

The other company in the mix, GameStop also had a huge day seeing a 14.5% gain to $141 in GME<\/a> stocks. Over 24 million GME shares were traded today alone. <\/p>\n","post_title":"GameStop NFT Marketplace Has Entered Beta, Integrated With Loopring","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"gamestop-nft-marketplace-has-entered-beta-integrated-with-loopring","to_ping":"","pinged":"","post_modified":"2022-03-24 23:37:42","post_modified_gmt":"2022-03-24 12:37:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4087","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4089,"post_author":"1","post_date":"2022-03-24 22:46:11","post_date_gmt":"2022-03-24 11:46:11","post_content":"\n

Floyd \u2019Money\u2019 Mayweather has re-entered the world of cryptocurrency with the announcement of his 2nd NFT project, dubbed Mayweverse. <\/p>\n\n\n\n

The project will consist of 5 different NFTs, each NFT will have 1000 copies available to mint. Every card has its own rarity, utility, and prizes. <\/p>\n\n\n\n

Despite how good it may sounds, Twitter users were quick to criticize. Floyd was reminded<\/a> of his previous NFT project<\/a>, which made him nearly US$5 million and is now worthless. \u201cYou already have an NFT project, it\u2019s called @RealFloydNFT. You released it last year and then stopped working on it immediately after. Have you been punched in the head so much that you\u2019re forgetting these things now?\u201d<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Berke_eth\/status\/1506051809542037506\n<\/div><\/figure>\n\n\n\n

Users were quick to call his bluff<\/a>. Floyd states that he has been working on this for months, although the twitter handle @mayweverse<\/a> was created this month. <\/p>\n\n\n\n

Coffezilla, known for calling out rug pulls and scams within the industry tweeted<\/a> his thoughts on the NFT project. He states \"Floyd Mayweather is frantically deleting evidence of his last NFT scam. He's getting roasted by the investors.\" <\/p>\n\n\n\n

Will this NFT collection follow in the footsteps of his previous NFT collection and be abandoned, or will he stick by his word?<\/p>\n","post_title":"Floyd Mayweather Re-enters The World Of Crypto With \u2018Mayweverse\u2019 NFT Project","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"floyd-mayweather-re-enters-the-world-of-crypto-with-mayweverse-nft-project","to_ping":"","pinged":"","post_modified":"2022-03-24 23:37:53","post_modified_gmt":"2022-03-24 12:37:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4089","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4003,"post_author":"1","post_date":"2022-03-21 15:25:03","post_date_gmt":"2022-03-21 04:25:03","post_content":"\n

Adobe-backed creative showcase platform Behance<\/a> to showcase Solana NFTs within the platform. The addition of this feature will allow creators to earn from their designs.<\/p>\n\n\n\n

The feature is only available to creators who have a Phantom Wallet<\/a> connected to their Behance accounts, and are hosted by QuickNode<\/a>. Once this is done, creators can showcase various NFTs from the Solana blockchain on their profiles. <\/p>\n\n\n\n

Adobes Vice President, William Allen, stated that although there are features to implement Ethereum NFTs on the Behance platform already, creators may not want to use Ethereum due to the high gas fees<\/a>. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/williamallen\/status\/1500858469447917571?s=21\n<\/div><\/figure>\n\n\n\n

In turn, Allen addresses<\/a> that \u201cA single transaction on Solana uses less energy than two google searches and costs a fraction of a penny\u201d insisting that it may be a better alternative for some creators. <\/p>\n\n\n\n

\"\"<\/a>
Solanas 1 Day Price Tracker \/ Source - CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

Notes On The Collaborators <\/h2>\n\n\n\n

Phantom Wallet was quick to regard this as a \u201chuge\u201d collaboration for Solana and their emerging creator economy. The low cost and eco friendly nature of Solana will allow a larger range of artists the ability to experiment with NFTs. Allen stated<\/a> on Twitter that Solana will be added to the \u2019Content Credentials\u2019 tool in photoshop, allowing creators to publish NFTs from photoshop ensuring that the work stays their work. <\/p>\n\n\n\n

QuickNode which rented the space within the mainnet of Solana to Adobe is the leading Solana node provider, sustaining over 50% of the entire nodes on the network. No official statement has been released by the team yet. <\/p>\n","post_title":"Solana NFTs To Be Integrated Within Behance","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"solana-nfts-to-be-integrated-within-behance","to_ping":"","pinged":"","post_modified":"2023-04-11 12:51:53","post_modified_gmt":"2023-04-11 02:51:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4003","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3933,"post_author":"1","post_date":"2022-03-14 22:44:23","post_date_gmt":"2022-03-14 11:44:23","post_content":"\n

EtherRock #44, an NFT<\/a> valued at around US$1,000,000 was accidentally listed<\/a> for 444 Wei<\/a> (>US$0.0000001), rather than 444 Ether (US$1,151,000).<\/p>\n\n\n\n

Former owner Dino, posted about the unfortunate event on Twitter.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501802006364635139?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1501802006364635139%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.tronweekly.com%2F1m-worth-rock-nft-sells-for-under-a-penny%2F\n<\/div><\/figure>\n\n\n\n

The EtherRock was instantly purchased<\/a> and relisted by a bot, within the same block, with Dino requesting<\/a> an Etherscan refund. This has so far been unsuccessful. <\/p>\n\n\n\n

Although a very costly mistake, Dino has made his peace with the situation, agreeing it was more of an \"easy come, easy go\" situation. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501897330353934337\n<\/div><\/figure>\n\n\n\n

\"They say it is better to have rocked and lost rock than to have never rocked at all.\"<\/em><\/p>HiddenGnome on Twitter<\/a><\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"EtherRock Worth $1M Sold For A Fraction Of A Cent","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"etherrock-worth-1m-sold-for-a-fraction-of-a-cent","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/wei\/","post_modified":"2023-04-11 12:52:09","post_modified_gmt":"2023-04-11 02:52:09","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3933","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3890,"post_author":"1","post_date":"2022-03-13 19:50:24","post_date_gmt":"2022-03-13 08:50:24","post_content":"\n

Yuga Labs, the company behind the Bored Ape Yacht Club NFT collection, has acquired CryptoPunks and Meebits from fellow developer Larva Labs.<\/p>\n\n\n\n

A joint<\/a> announcement<\/a> was made by Larva Labs and Yuga Labs on Twitter<\/a> on Friday evening.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/yugalabs\/status\/1502420714527334406?s=20&t=IyM-KDtJPh0WaI5XPfA10A\n<\/div><\/figure>\n\n\n\n

Yuga Labs \"now own the brands, copyright in the art, and other IP rights for both collections, along with 423 CryptoPunks and 1711 Meebits\" according to their announcement. This means that they own both the 1st<\/a> and 2nd<\/a> most valuable NFT collections on the market.<\/p>\n\n\n\n

Yuga Labs plans to grant the commercial rights to all CryptoPunk and Meebit NFTs to their owners, as has been done for BAYC owners. This still means that Yuga Labs owns the collection and will \"be building the overall brand right alongside them\", but each NFT owner can monetize their specific ape.<\/p>\n\n\n\n

\"It\u2019s been amazing to watch the BAYC ecosystem use their rights to collaborate and build awesome shit we never could have dreamed up. We can\u2019t wait to see the Cryptopunks and Meebits communities do the same.<\/em>\"<\/p>Yuga Labs on Twitter<\/a><\/cite><\/blockquote>\n","post_title":"BAYC's Yuga Labs Acquires Rights To CryptoPunks And Meebits","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"baycs-yuga-labs-acquires-rights-to-cryptopunks-and-meebits","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:28","post_modified_gmt":"2022-03-14 10:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 5

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/wongmjane\/status\/1486077324630302721\n<\/div><\/figure>\n\n\n\n

Solana is a Layer 1<\/a> blockchain, like Ethereum. Although, Solana uses Proof-of-History<\/a> as its consensus mechanism compared to Ethereum's Proof-of-Work. This allows Solana to have a throughput of 60,000 transactions per second, compared to Ethereum's current 15 transactions per second. This would make Solana a cheaper network to use, with much lower gas fees<\/a> compared with a blockchain like Ethereum.<\/p>\n\n\n\n

Solana is up 11.23% today at a price of $124.14, with a 24-hour trading volume of $3,860,298,289 USD.<\/p>\n\n\n\n

\"Solana
Solana Price Data on 31st March - Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"OpenSea To Support Solana NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"opensea-to-support-solana-nfts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/blockchain-essentials-application-layer-protocols\/","post_modified":"2023-04-11 12:49:54","post_modified_gmt":"2023-04-11 02:49:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4175","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4087,"post_author":"1","post_date":"2022-03-24 23:37:18","post_date_gmt":"2022-03-24 12:37:18","post_content":"\n

In a\u00a0blog post<\/a>\u00a0by Loopring's head of growth, Adam Browman states that \"the GameStop NFT Marketplace has taken its first steps to welcome users, and it is built atop Loopring!\"<\/p>\n\n\n\n

Browman believes that the project \"has the potential to cement itself at the forefront of this new paradigm and become the destination for global digital economies.\" The blog post states that users can get early access to the project now to set up usernames and profiles, as well as make their first deposits.<\/p>\n\n\n\n

GameStop and NFTs<\/h2>\n\n\n\n

Rumors circulating since November\u00a0suggested that Loopring might be working with GameStop on a metaverse-related project. The Wall Street Journal\u00a0reported<\/a> in January\u00a0that GameStop was planning to build a new team focused on NFTs.<\/p>\n\n\n\n

Soon after that announcement, GameStop mentioned Immuntable X as their primary partner for the project. Despite this fact, Loopring was mentioned<\/a> at the time in an SEC filing<\/a>.<\/p>\n\n\n\n

According to an article from Decrypt<\/a>, there has been a lot of confusion on the topic and who is powering the NFT marketplace. It turns out that both Loopring and Immutable X are powering the NFT plans of GameStop. Although Immutable X tweeted<\/a> in a thread how they are the \"preferred partner\".<\/p>\n\n\n\n

Immutable mentioned the Loopring integration \u201cwas not a surprise (and we welcome them!).\" The marketplace will act as an aggregator across NFT minting platforms. Although, it appears that Immutable X will receive the most focus on the marketplace being the \"preferred partner\".<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Immutable\/status\/1506596126677295108\n<\/div><\/figure>\n\n\n\n

Since the announcement, $LRC<\/a>, the native token of Layer 2 blockchain<\/a> Loopring has soared over 35% to a high of $1.21. Although it is now trading steadily at $1.09. Loopring is currently sitting at a market cap of US$1.46 billion, according to data from CoinMarketCap.<\/p>\n\n\n\n

$IMX<\/a>, the token on the Immutable X blockchain is down 8.9% in the past 24 hours, trading at $2.19, according to data from CoinMarketCap.<\/p>\n\n\n\n

The other company in the mix, GameStop also had a huge day seeing a 14.5% gain to $141 in GME<\/a> stocks. Over 24 million GME shares were traded today alone. <\/p>\n","post_title":"GameStop NFT Marketplace Has Entered Beta, Integrated With Loopring","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"gamestop-nft-marketplace-has-entered-beta-integrated-with-loopring","to_ping":"","pinged":"","post_modified":"2022-03-24 23:37:42","post_modified_gmt":"2022-03-24 12:37:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4087","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4089,"post_author":"1","post_date":"2022-03-24 22:46:11","post_date_gmt":"2022-03-24 11:46:11","post_content":"\n

Floyd \u2019Money\u2019 Mayweather has re-entered the world of cryptocurrency with the announcement of his 2nd NFT project, dubbed Mayweverse. <\/p>\n\n\n\n

The project will consist of 5 different NFTs, each NFT will have 1000 copies available to mint. Every card has its own rarity, utility, and prizes. <\/p>\n\n\n\n

Despite how good it may sounds, Twitter users were quick to criticize. Floyd was reminded<\/a> of his previous NFT project<\/a>, which made him nearly US$5 million and is now worthless. \u201cYou already have an NFT project, it\u2019s called @RealFloydNFT. You released it last year and then stopped working on it immediately after. Have you been punched in the head so much that you\u2019re forgetting these things now?\u201d<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Berke_eth\/status\/1506051809542037506\n<\/div><\/figure>\n\n\n\n

Users were quick to call his bluff<\/a>. Floyd states that he has been working on this for months, although the twitter handle @mayweverse<\/a> was created this month. <\/p>\n\n\n\n

Coffezilla, known for calling out rug pulls and scams within the industry tweeted<\/a> his thoughts on the NFT project. He states \"Floyd Mayweather is frantically deleting evidence of his last NFT scam. He's getting roasted by the investors.\" <\/p>\n\n\n\n

Will this NFT collection follow in the footsteps of his previous NFT collection and be abandoned, or will he stick by his word?<\/p>\n","post_title":"Floyd Mayweather Re-enters The World Of Crypto With \u2018Mayweverse\u2019 NFT Project","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"floyd-mayweather-re-enters-the-world-of-crypto-with-mayweverse-nft-project","to_ping":"","pinged":"","post_modified":"2022-03-24 23:37:53","post_modified_gmt":"2022-03-24 12:37:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4089","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4003,"post_author":"1","post_date":"2022-03-21 15:25:03","post_date_gmt":"2022-03-21 04:25:03","post_content":"\n

Adobe-backed creative showcase platform Behance<\/a> to showcase Solana NFTs within the platform. The addition of this feature will allow creators to earn from their designs.<\/p>\n\n\n\n

The feature is only available to creators who have a Phantom Wallet<\/a> connected to their Behance accounts, and are hosted by QuickNode<\/a>. Once this is done, creators can showcase various NFTs from the Solana blockchain on their profiles. <\/p>\n\n\n\n

Adobes Vice President, William Allen, stated that although there are features to implement Ethereum NFTs on the Behance platform already, creators may not want to use Ethereum due to the high gas fees<\/a>. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/williamallen\/status\/1500858469447917571?s=21\n<\/div><\/figure>\n\n\n\n

In turn, Allen addresses<\/a> that \u201cA single transaction on Solana uses less energy than two google searches and costs a fraction of a penny\u201d insisting that it may be a better alternative for some creators. <\/p>\n\n\n\n

\"\"<\/a>
Solanas 1 Day Price Tracker \/ Source - CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

Notes On The Collaborators <\/h2>\n\n\n\n

Phantom Wallet was quick to regard this as a \u201chuge\u201d collaboration for Solana and their emerging creator economy. The low cost and eco friendly nature of Solana will allow a larger range of artists the ability to experiment with NFTs. Allen stated<\/a> on Twitter that Solana will be added to the \u2019Content Credentials\u2019 tool in photoshop, allowing creators to publish NFTs from photoshop ensuring that the work stays their work. <\/p>\n\n\n\n

QuickNode which rented the space within the mainnet of Solana to Adobe is the leading Solana node provider, sustaining over 50% of the entire nodes on the network. No official statement has been released by the team yet. <\/p>\n","post_title":"Solana NFTs To Be Integrated Within Behance","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"solana-nfts-to-be-integrated-within-behance","to_ping":"","pinged":"","post_modified":"2023-04-11 12:51:53","post_modified_gmt":"2023-04-11 02:51:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4003","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3933,"post_author":"1","post_date":"2022-03-14 22:44:23","post_date_gmt":"2022-03-14 11:44:23","post_content":"\n

EtherRock #44, an NFT<\/a> valued at around US$1,000,000 was accidentally listed<\/a> for 444 Wei<\/a> (>US$0.0000001), rather than 444 Ether (US$1,151,000).<\/p>\n\n\n\n

Former owner Dino, posted about the unfortunate event on Twitter.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501802006364635139?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1501802006364635139%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.tronweekly.com%2F1m-worth-rock-nft-sells-for-under-a-penny%2F\n<\/div><\/figure>\n\n\n\n

The EtherRock was instantly purchased<\/a> and relisted by a bot, within the same block, with Dino requesting<\/a> an Etherscan refund. This has so far been unsuccessful. <\/p>\n\n\n\n

Although a very costly mistake, Dino has made his peace with the situation, agreeing it was more of an \"easy come, easy go\" situation. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501897330353934337\n<\/div><\/figure>\n\n\n\n

\"They say it is better to have rocked and lost rock than to have never rocked at all.\"<\/em><\/p>HiddenGnome on Twitter<\/a><\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"EtherRock Worth $1M Sold For A Fraction Of A Cent","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"etherrock-worth-1m-sold-for-a-fraction-of-a-cent","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/wei\/","post_modified":"2023-04-11 12:52:09","post_modified_gmt":"2023-04-11 02:52:09","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3933","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3890,"post_author":"1","post_date":"2022-03-13 19:50:24","post_date_gmt":"2022-03-13 08:50:24","post_content":"\n

Yuga Labs, the company behind the Bored Ape Yacht Club NFT collection, has acquired CryptoPunks and Meebits from fellow developer Larva Labs.<\/p>\n\n\n\n

A joint<\/a> announcement<\/a> was made by Larva Labs and Yuga Labs on Twitter<\/a> on Friday evening.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/yugalabs\/status\/1502420714527334406?s=20&t=IyM-KDtJPh0WaI5XPfA10A\n<\/div><\/figure>\n\n\n\n

Yuga Labs \"now own the brands, copyright in the art, and other IP rights for both collections, along with 423 CryptoPunks and 1711 Meebits\" according to their announcement. This means that they own both the 1st<\/a> and 2nd<\/a> most valuable NFT collections on the market.<\/p>\n\n\n\n

Yuga Labs plans to grant the commercial rights to all CryptoPunk and Meebit NFTs to their owners, as has been done for BAYC owners. This still means that Yuga Labs owns the collection and will \"be building the overall brand right alongside them\", but each NFT owner can monetize their specific ape.<\/p>\n\n\n\n

\"It\u2019s been amazing to watch the BAYC ecosystem use their rights to collaborate and build awesome shit we never could have dreamed up. We can\u2019t wait to see the Cryptopunks and Meebits communities do the same.<\/em>\"<\/p>Yuga Labs on Twitter<\/a><\/cite><\/blockquote>\n","post_title":"BAYC's Yuga Labs Acquires Rights To CryptoPunks And Meebits","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"baycs-yuga-labs-acquires-rights-to-cryptopunks-and-meebits","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:28","post_modified_gmt":"2022-03-14 10:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 5

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/wongmjane\/status\/1486077324630302721\n<\/div><\/figure>\n\n\n\n

Solana is a Layer 1<\/a> blockchain, like Ethereum. Although, Solana uses Proof-of-History<\/a> as its consensus mechanism compared to Ethereum's Proof-of-Work. This allows Solana to have a throughput of 60,000 transactions per second, compared to Ethereum's current 15 transactions per second. This would make Solana a cheaper network to use, with much lower gas fees<\/a> compared with a blockchain like Ethereum.<\/p>\n\n\n\n

Solana is up 11.23% today at a price of $124.14, with a 24-hour trading volume of $3,860,298,289 USD.<\/p>\n\n\n\n

\"Solana
Solana Price Data on 31st March - Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"OpenSea To Support Solana NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"opensea-to-support-solana-nfts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/blockchain-essentials-application-layer-protocols\/","post_modified":"2023-04-11 12:49:54","post_modified_gmt":"2023-04-11 02:49:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4175","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4087,"post_author":"1","post_date":"2022-03-24 23:37:18","post_date_gmt":"2022-03-24 12:37:18","post_content":"\n

In a\u00a0blog post<\/a>\u00a0by Loopring's head of growth, Adam Browman states that \"the GameStop NFT Marketplace has taken its first steps to welcome users, and it is built atop Loopring!\"<\/p>\n\n\n\n

Browman believes that the project \"has the potential to cement itself at the forefront of this new paradigm and become the destination for global digital economies.\" The blog post states that users can get early access to the project now to set up usernames and profiles, as well as make their first deposits.<\/p>\n\n\n\n

GameStop and NFTs<\/h2>\n\n\n\n

Rumors circulating since November\u00a0suggested that Loopring might be working with GameStop on a metaverse-related project. The Wall Street Journal\u00a0reported<\/a> in January\u00a0that GameStop was planning to build a new team focused on NFTs.<\/p>\n\n\n\n

Soon after that announcement, GameStop mentioned Immuntable X as their primary partner for the project. Despite this fact, Loopring was mentioned<\/a> at the time in an SEC filing<\/a>.<\/p>\n\n\n\n

According to an article from Decrypt<\/a>, there has been a lot of confusion on the topic and who is powering the NFT marketplace. It turns out that both Loopring and Immutable X are powering the NFT plans of GameStop. Although Immutable X tweeted<\/a> in a thread how they are the \"preferred partner\".<\/p>\n\n\n\n

Immutable mentioned the Loopring integration \u201cwas not a surprise (and we welcome them!).\" The marketplace will act as an aggregator across NFT minting platforms. Although, it appears that Immutable X will receive the most focus on the marketplace being the \"preferred partner\".<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Immutable\/status\/1506596126677295108\n<\/div><\/figure>\n\n\n\n

Since the announcement, $LRC<\/a>, the native token of Layer 2 blockchain<\/a> Loopring has soared over 35% to a high of $1.21. Although it is now trading steadily at $1.09. Loopring is currently sitting at a market cap of US$1.46 billion, according to data from CoinMarketCap.<\/p>\n\n\n\n

$IMX<\/a>, the token on the Immutable X blockchain is down 8.9% in the past 24 hours, trading at $2.19, according to data from CoinMarketCap.<\/p>\n\n\n\n

The other company in the mix, GameStop also had a huge day seeing a 14.5% gain to $141 in GME<\/a> stocks. Over 24 million GME shares were traded today alone. <\/p>\n","post_title":"GameStop NFT Marketplace Has Entered Beta, Integrated With Loopring","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"gamestop-nft-marketplace-has-entered-beta-integrated-with-loopring","to_ping":"","pinged":"","post_modified":"2022-03-24 23:37:42","post_modified_gmt":"2022-03-24 12:37:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4087","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4089,"post_author":"1","post_date":"2022-03-24 22:46:11","post_date_gmt":"2022-03-24 11:46:11","post_content":"\n

Floyd \u2019Money\u2019 Mayweather has re-entered the world of cryptocurrency with the announcement of his 2nd NFT project, dubbed Mayweverse. <\/p>\n\n\n\n

The project will consist of 5 different NFTs, each NFT will have 1000 copies available to mint. Every card has its own rarity, utility, and prizes. <\/p>\n\n\n\n

Despite how good it may sounds, Twitter users were quick to criticize. Floyd was reminded<\/a> of his previous NFT project<\/a>, which made him nearly US$5 million and is now worthless. \u201cYou already have an NFT project, it\u2019s called @RealFloydNFT. You released it last year and then stopped working on it immediately after. Have you been punched in the head so much that you\u2019re forgetting these things now?\u201d<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Berke_eth\/status\/1506051809542037506\n<\/div><\/figure>\n\n\n\n

Users were quick to call his bluff<\/a>. Floyd states that he has been working on this for months, although the twitter handle @mayweverse<\/a> was created this month. <\/p>\n\n\n\n

Coffezilla, known for calling out rug pulls and scams within the industry tweeted<\/a> his thoughts on the NFT project. He states \"Floyd Mayweather is frantically deleting evidence of his last NFT scam. He's getting roasted by the investors.\" <\/p>\n\n\n\n

Will this NFT collection follow in the footsteps of his previous NFT collection and be abandoned, or will he stick by his word?<\/p>\n","post_title":"Floyd Mayweather Re-enters The World Of Crypto With \u2018Mayweverse\u2019 NFT Project","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"floyd-mayweather-re-enters-the-world-of-crypto-with-mayweverse-nft-project","to_ping":"","pinged":"","post_modified":"2022-03-24 23:37:53","post_modified_gmt":"2022-03-24 12:37:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4089","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4003,"post_author":"1","post_date":"2022-03-21 15:25:03","post_date_gmt":"2022-03-21 04:25:03","post_content":"\n

Adobe-backed creative showcase platform Behance<\/a> to showcase Solana NFTs within the platform. The addition of this feature will allow creators to earn from their designs.<\/p>\n\n\n\n

The feature is only available to creators who have a Phantom Wallet<\/a> connected to their Behance accounts, and are hosted by QuickNode<\/a>. Once this is done, creators can showcase various NFTs from the Solana blockchain on their profiles. <\/p>\n\n\n\n

Adobes Vice President, William Allen, stated that although there are features to implement Ethereum NFTs on the Behance platform already, creators may not want to use Ethereum due to the high gas fees<\/a>. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/williamallen\/status\/1500858469447917571?s=21\n<\/div><\/figure>\n\n\n\n

In turn, Allen addresses<\/a> that \u201cA single transaction on Solana uses less energy than two google searches and costs a fraction of a penny\u201d insisting that it may be a better alternative for some creators. <\/p>\n\n\n\n

\"\"<\/a>
Solanas 1 Day Price Tracker \/ Source - CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

Notes On The Collaborators <\/h2>\n\n\n\n

Phantom Wallet was quick to regard this as a \u201chuge\u201d collaboration for Solana and their emerging creator economy. The low cost and eco friendly nature of Solana will allow a larger range of artists the ability to experiment with NFTs. Allen stated<\/a> on Twitter that Solana will be added to the \u2019Content Credentials\u2019 tool in photoshop, allowing creators to publish NFTs from photoshop ensuring that the work stays their work. <\/p>\n\n\n\n

QuickNode which rented the space within the mainnet of Solana to Adobe is the leading Solana node provider, sustaining over 50% of the entire nodes on the network. No official statement has been released by the team yet. <\/p>\n","post_title":"Solana NFTs To Be Integrated Within Behance","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"solana-nfts-to-be-integrated-within-behance","to_ping":"","pinged":"","post_modified":"2023-04-11 12:51:53","post_modified_gmt":"2023-04-11 02:51:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4003","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3933,"post_author":"1","post_date":"2022-03-14 22:44:23","post_date_gmt":"2022-03-14 11:44:23","post_content":"\n

EtherRock #44, an NFT<\/a> valued at around US$1,000,000 was accidentally listed<\/a> for 444 Wei<\/a> (>US$0.0000001), rather than 444 Ether (US$1,151,000).<\/p>\n\n\n\n

Former owner Dino, posted about the unfortunate event on Twitter.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501802006364635139?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1501802006364635139%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.tronweekly.com%2F1m-worth-rock-nft-sells-for-under-a-penny%2F\n<\/div><\/figure>\n\n\n\n

The EtherRock was instantly purchased<\/a> and relisted by a bot, within the same block, with Dino requesting<\/a> an Etherscan refund. This has so far been unsuccessful. <\/p>\n\n\n\n

Although a very costly mistake, Dino has made his peace with the situation, agreeing it was more of an \"easy come, easy go\" situation. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501897330353934337\n<\/div><\/figure>\n\n\n\n

\"They say it is better to have rocked and lost rock than to have never rocked at all.\"<\/em><\/p>HiddenGnome on Twitter<\/a><\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"EtherRock Worth $1M Sold For A Fraction Of A Cent","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"etherrock-worth-1m-sold-for-a-fraction-of-a-cent","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/wei\/","post_modified":"2023-04-11 12:52:09","post_modified_gmt":"2023-04-11 02:52:09","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3933","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3890,"post_author":"1","post_date":"2022-03-13 19:50:24","post_date_gmt":"2022-03-13 08:50:24","post_content":"\n

Yuga Labs, the company behind the Bored Ape Yacht Club NFT collection, has acquired CryptoPunks and Meebits from fellow developer Larva Labs.<\/p>\n\n\n\n

A joint<\/a> announcement<\/a> was made by Larva Labs and Yuga Labs on Twitter<\/a> on Friday evening.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/yugalabs\/status\/1502420714527334406?s=20&t=IyM-KDtJPh0WaI5XPfA10A\n<\/div><\/figure>\n\n\n\n

Yuga Labs \"now own the brands, copyright in the art, and other IP rights for both collections, along with 423 CryptoPunks and 1711 Meebits\" according to their announcement. This means that they own both the 1st<\/a> and 2nd<\/a> most valuable NFT collections on the market.<\/p>\n\n\n\n

Yuga Labs plans to grant the commercial rights to all CryptoPunk and Meebit NFTs to their owners, as has been done for BAYC owners. This still means that Yuga Labs owns the collection and will \"be building the overall brand right alongside them\", but each NFT owner can monetize their specific ape.<\/p>\n\n\n\n

\"It\u2019s been amazing to watch the BAYC ecosystem use their rights to collaborate and build awesome shit we never could have dreamed up. We can\u2019t wait to see the Cryptopunks and Meebits communities do the same.<\/em>\"<\/p>Yuga Labs on Twitter<\/a><\/cite><\/blockquote>\n","post_title":"BAYC's Yuga Labs Acquires Rights To CryptoPunks And Meebits","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"baycs-yuga-labs-acquires-rights-to-cryptopunks-and-meebits","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:28","post_modified_gmt":"2022-03-14 10:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 5

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/wongmjane\/status\/1486077324630302721\n<\/div><\/figure>\n\n\n\n

Solana is a Layer 1<\/a> blockchain, like Ethereum. Although, Solana uses Proof-of-History<\/a> as its consensus mechanism compared to Ethereum's Proof-of-Work. This allows Solana to have a throughput of 60,000 transactions per second, compared to Ethereum's current 15 transactions per second. This would make Solana a cheaper network to use, with much lower gas fees<\/a> compared with a blockchain like Ethereum.<\/p>\n\n\n\n

Solana is up 11.23% today at a price of $124.14, with a 24-hour trading volume of $3,860,298,289 USD.<\/p>\n\n\n\n

\"Solana
Solana Price Data on 31st March - Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"OpenSea To Support Solana NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"opensea-to-support-solana-nfts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/blockchain-essentials-application-layer-protocols\/","post_modified":"2023-04-11 12:49:54","post_modified_gmt":"2023-04-11 02:49:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4175","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4087,"post_author":"1","post_date":"2022-03-24 23:37:18","post_date_gmt":"2022-03-24 12:37:18","post_content":"\n

In a\u00a0blog post<\/a>\u00a0by Loopring's head of growth, Adam Browman states that \"the GameStop NFT Marketplace has taken its first steps to welcome users, and it is built atop Loopring!\"<\/p>\n\n\n\n

Browman believes that the project \"has the potential to cement itself at the forefront of this new paradigm and become the destination for global digital economies.\" The blog post states that users can get early access to the project now to set up usernames and profiles, as well as make their first deposits.<\/p>\n\n\n\n

GameStop and NFTs<\/h2>\n\n\n\n

Rumors circulating since November\u00a0suggested that Loopring might be working with GameStop on a metaverse-related project. The Wall Street Journal\u00a0reported<\/a> in January\u00a0that GameStop was planning to build a new team focused on NFTs.<\/p>\n\n\n\n

Soon after that announcement, GameStop mentioned Immuntable X as their primary partner for the project. Despite this fact, Loopring was mentioned<\/a> at the time in an SEC filing<\/a>.<\/p>\n\n\n\n

According to an article from Decrypt<\/a>, there has been a lot of confusion on the topic and who is powering the NFT marketplace. It turns out that both Loopring and Immutable X are powering the NFT plans of GameStop. Although Immutable X tweeted<\/a> in a thread how they are the \"preferred partner\".<\/p>\n\n\n\n

Immutable mentioned the Loopring integration \u201cwas not a surprise (and we welcome them!).\" The marketplace will act as an aggregator across NFT minting platforms. Although, it appears that Immutable X will receive the most focus on the marketplace being the \"preferred partner\".<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Immutable\/status\/1506596126677295108\n<\/div><\/figure>\n\n\n\n

Since the announcement, $LRC<\/a>, the native token of Layer 2 blockchain<\/a> Loopring has soared over 35% to a high of $1.21. Although it is now trading steadily at $1.09. Loopring is currently sitting at a market cap of US$1.46 billion, according to data from CoinMarketCap.<\/p>\n\n\n\n

$IMX<\/a>, the token on the Immutable X blockchain is down 8.9% in the past 24 hours, trading at $2.19, according to data from CoinMarketCap.<\/p>\n\n\n\n

The other company in the mix, GameStop also had a huge day seeing a 14.5% gain to $141 in GME<\/a> stocks. Over 24 million GME shares were traded today alone. <\/p>\n","post_title":"GameStop NFT Marketplace Has Entered Beta, Integrated With Loopring","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"gamestop-nft-marketplace-has-entered-beta-integrated-with-loopring","to_ping":"","pinged":"","post_modified":"2022-03-24 23:37:42","post_modified_gmt":"2022-03-24 12:37:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4087","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4089,"post_author":"1","post_date":"2022-03-24 22:46:11","post_date_gmt":"2022-03-24 11:46:11","post_content":"\n

Floyd \u2019Money\u2019 Mayweather has re-entered the world of cryptocurrency with the announcement of his 2nd NFT project, dubbed Mayweverse. <\/p>\n\n\n\n

The project will consist of 5 different NFTs, each NFT will have 1000 copies available to mint. Every card has its own rarity, utility, and prizes. <\/p>\n\n\n\n

Despite how good it may sounds, Twitter users were quick to criticize. Floyd was reminded<\/a> of his previous NFT project<\/a>, which made him nearly US$5 million and is now worthless. \u201cYou already have an NFT project, it\u2019s called @RealFloydNFT. You released it last year and then stopped working on it immediately after. Have you been punched in the head so much that you\u2019re forgetting these things now?\u201d<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Berke_eth\/status\/1506051809542037506\n<\/div><\/figure>\n\n\n\n

Users were quick to call his bluff<\/a>. Floyd states that he has been working on this for months, although the twitter handle @mayweverse<\/a> was created this month. <\/p>\n\n\n\n

Coffezilla, known for calling out rug pulls and scams within the industry tweeted<\/a> his thoughts on the NFT project. He states \"Floyd Mayweather is frantically deleting evidence of his last NFT scam. He's getting roasted by the investors.\" <\/p>\n\n\n\n

Will this NFT collection follow in the footsteps of his previous NFT collection and be abandoned, or will he stick by his word?<\/p>\n","post_title":"Floyd Mayweather Re-enters The World Of Crypto With \u2018Mayweverse\u2019 NFT Project","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"floyd-mayweather-re-enters-the-world-of-crypto-with-mayweverse-nft-project","to_ping":"","pinged":"","post_modified":"2022-03-24 23:37:53","post_modified_gmt":"2022-03-24 12:37:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4089","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4003,"post_author":"1","post_date":"2022-03-21 15:25:03","post_date_gmt":"2022-03-21 04:25:03","post_content":"\n

Adobe-backed creative showcase platform Behance<\/a> to showcase Solana NFTs within the platform. The addition of this feature will allow creators to earn from their designs.<\/p>\n\n\n\n

The feature is only available to creators who have a Phantom Wallet<\/a> connected to their Behance accounts, and are hosted by QuickNode<\/a>. Once this is done, creators can showcase various NFTs from the Solana blockchain on their profiles. <\/p>\n\n\n\n

Adobes Vice President, William Allen, stated that although there are features to implement Ethereum NFTs on the Behance platform already, creators may not want to use Ethereum due to the high gas fees<\/a>. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/williamallen\/status\/1500858469447917571?s=21\n<\/div><\/figure>\n\n\n\n

In turn, Allen addresses<\/a> that \u201cA single transaction on Solana uses less energy than two google searches and costs a fraction of a penny\u201d insisting that it may be a better alternative for some creators. <\/p>\n\n\n\n

\"\"<\/a>
Solanas 1 Day Price Tracker \/ Source - CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

Notes On The Collaborators <\/h2>\n\n\n\n

Phantom Wallet was quick to regard this as a \u201chuge\u201d collaboration for Solana and their emerging creator economy. The low cost and eco friendly nature of Solana will allow a larger range of artists the ability to experiment with NFTs. Allen stated<\/a> on Twitter that Solana will be added to the \u2019Content Credentials\u2019 tool in photoshop, allowing creators to publish NFTs from photoshop ensuring that the work stays their work. <\/p>\n\n\n\n

QuickNode which rented the space within the mainnet of Solana to Adobe is the leading Solana node provider, sustaining over 50% of the entire nodes on the network. No official statement has been released by the team yet. <\/p>\n","post_title":"Solana NFTs To Be Integrated Within Behance","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"solana-nfts-to-be-integrated-within-behance","to_ping":"","pinged":"","post_modified":"2023-04-11 12:51:53","post_modified_gmt":"2023-04-11 02:51:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4003","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3933,"post_author":"1","post_date":"2022-03-14 22:44:23","post_date_gmt":"2022-03-14 11:44:23","post_content":"\n

EtherRock #44, an NFT<\/a> valued at around US$1,000,000 was accidentally listed<\/a> for 444 Wei<\/a> (>US$0.0000001), rather than 444 Ether (US$1,151,000).<\/p>\n\n\n\n

Former owner Dino, posted about the unfortunate event on Twitter.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501802006364635139?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1501802006364635139%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.tronweekly.com%2F1m-worth-rock-nft-sells-for-under-a-penny%2F\n<\/div><\/figure>\n\n\n\n

The EtherRock was instantly purchased<\/a> and relisted by a bot, within the same block, with Dino requesting<\/a> an Etherscan refund. This has so far been unsuccessful. <\/p>\n\n\n\n

Although a very costly mistake, Dino has made his peace with the situation, agreeing it was more of an \"easy come, easy go\" situation. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501897330353934337\n<\/div><\/figure>\n\n\n\n

\"They say it is better to have rocked and lost rock than to have never rocked at all.\"<\/em><\/p>HiddenGnome on Twitter<\/a><\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"EtherRock Worth $1M Sold For A Fraction Of A Cent","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"etherrock-worth-1m-sold-for-a-fraction-of-a-cent","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/wei\/","post_modified":"2023-04-11 12:52:09","post_modified_gmt":"2023-04-11 02:52:09","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3933","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3890,"post_author":"1","post_date":"2022-03-13 19:50:24","post_date_gmt":"2022-03-13 08:50:24","post_content":"\n

Yuga Labs, the company behind the Bored Ape Yacht Club NFT collection, has acquired CryptoPunks and Meebits from fellow developer Larva Labs.<\/p>\n\n\n\n

A joint<\/a> announcement<\/a> was made by Larva Labs and Yuga Labs on Twitter<\/a> on Friday evening.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/yugalabs\/status\/1502420714527334406?s=20&t=IyM-KDtJPh0WaI5XPfA10A\n<\/div><\/figure>\n\n\n\n

Yuga Labs \"now own the brands, copyright in the art, and other IP rights for both collections, along with 423 CryptoPunks and 1711 Meebits\" according to their announcement. This means that they own both the 1st<\/a> and 2nd<\/a> most valuable NFT collections on the market.<\/p>\n\n\n\n

Yuga Labs plans to grant the commercial rights to all CryptoPunk and Meebit NFTs to their owners, as has been done for BAYC owners. This still means that Yuga Labs owns the collection and will \"be building the overall brand right alongside them\", but each NFT owner can monetize their specific ape.<\/p>\n\n\n\n

\"It\u2019s been amazing to watch the BAYC ecosystem use their rights to collaborate and build awesome shit we never could have dreamed up. We can\u2019t wait to see the Cryptopunks and Meebits communities do the same.<\/em>\"<\/p>Yuga Labs on Twitter<\/a><\/cite><\/blockquote>\n","post_title":"BAYC's Yuga Labs Acquires Rights To CryptoPunks And Meebits","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"baycs-yuga-labs-acquires-rights-to-cryptopunks-and-meebits","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:28","post_modified_gmt":"2022-03-14 10:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 5

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n
\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/wongmjane\/status\/1486077324630302721\n<\/div><\/figure>\n\n\n\n

Solana is a Layer 1<\/a> blockchain, like Ethereum. Although, Solana uses Proof-of-History<\/a> as its consensus mechanism compared to Ethereum's Proof-of-Work. This allows Solana to have a throughput of 60,000 transactions per second, compared to Ethereum's current 15 transactions per second. This would make Solana a cheaper network to use, with much lower gas fees<\/a> compared with a blockchain like Ethereum.<\/p>\n\n\n\n

Solana is up 11.23% today at a price of $124.14, with a 24-hour trading volume of $3,860,298,289 USD.<\/p>\n\n\n\n

\"Solana
Solana Price Data on 31st March - Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"OpenSea To Support Solana NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"opensea-to-support-solana-nfts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/blockchain-essentials-application-layer-protocols\/","post_modified":"2023-04-11 12:49:54","post_modified_gmt":"2023-04-11 02:49:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4175","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4087,"post_author":"1","post_date":"2022-03-24 23:37:18","post_date_gmt":"2022-03-24 12:37:18","post_content":"\n

In a\u00a0blog post<\/a>\u00a0by Loopring's head of growth, Adam Browman states that \"the GameStop NFT Marketplace has taken its first steps to welcome users, and it is built atop Loopring!\"<\/p>\n\n\n\n

Browman believes that the project \"has the potential to cement itself at the forefront of this new paradigm and become the destination for global digital economies.\" The blog post states that users can get early access to the project now to set up usernames and profiles, as well as make their first deposits.<\/p>\n\n\n\n

GameStop and NFTs<\/h2>\n\n\n\n

Rumors circulating since November\u00a0suggested that Loopring might be working with GameStop on a metaverse-related project. The Wall Street Journal\u00a0reported<\/a> in January\u00a0that GameStop was planning to build a new team focused on NFTs.<\/p>\n\n\n\n

Soon after that announcement, GameStop mentioned Immuntable X as their primary partner for the project. Despite this fact, Loopring was mentioned<\/a> at the time in an SEC filing<\/a>.<\/p>\n\n\n\n

According to an article from Decrypt<\/a>, there has been a lot of confusion on the topic and who is powering the NFT marketplace. It turns out that both Loopring and Immutable X are powering the NFT plans of GameStop. Although Immutable X tweeted<\/a> in a thread how they are the \"preferred partner\".<\/p>\n\n\n\n

Immutable mentioned the Loopring integration \u201cwas not a surprise (and we welcome them!).\" The marketplace will act as an aggregator across NFT minting platforms. Although, it appears that Immutable X will receive the most focus on the marketplace being the \"preferred partner\".<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Immutable\/status\/1506596126677295108\n<\/div><\/figure>\n\n\n\n

Since the announcement, $LRC<\/a>, the native token of Layer 2 blockchain<\/a> Loopring has soared over 35% to a high of $1.21. Although it is now trading steadily at $1.09. Loopring is currently sitting at a market cap of US$1.46 billion, according to data from CoinMarketCap.<\/p>\n\n\n\n

$IMX<\/a>, the token on the Immutable X blockchain is down 8.9% in the past 24 hours, trading at $2.19, according to data from CoinMarketCap.<\/p>\n\n\n\n

The other company in the mix, GameStop also had a huge day seeing a 14.5% gain to $141 in GME<\/a> stocks. Over 24 million GME shares were traded today alone. <\/p>\n","post_title":"GameStop NFT Marketplace Has Entered Beta, Integrated With Loopring","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"gamestop-nft-marketplace-has-entered-beta-integrated-with-loopring","to_ping":"","pinged":"","post_modified":"2022-03-24 23:37:42","post_modified_gmt":"2022-03-24 12:37:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4087","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4089,"post_author":"1","post_date":"2022-03-24 22:46:11","post_date_gmt":"2022-03-24 11:46:11","post_content":"\n

Floyd \u2019Money\u2019 Mayweather has re-entered the world of cryptocurrency with the announcement of his 2nd NFT project, dubbed Mayweverse. <\/p>\n\n\n\n

The project will consist of 5 different NFTs, each NFT will have 1000 copies available to mint. Every card has its own rarity, utility, and prizes. <\/p>\n\n\n\n

Despite how good it may sounds, Twitter users were quick to criticize. Floyd was reminded<\/a> of his previous NFT project<\/a>, which made him nearly US$5 million and is now worthless. \u201cYou already have an NFT project, it\u2019s called @RealFloydNFT. You released it last year and then stopped working on it immediately after. Have you been punched in the head so much that you\u2019re forgetting these things now?\u201d<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Berke_eth\/status\/1506051809542037506\n<\/div><\/figure>\n\n\n\n

Users were quick to call his bluff<\/a>. Floyd states that he has been working on this for months, although the twitter handle @mayweverse<\/a> was created this month. <\/p>\n\n\n\n

Coffezilla, known for calling out rug pulls and scams within the industry tweeted<\/a> his thoughts on the NFT project. He states \"Floyd Mayweather is frantically deleting evidence of his last NFT scam. He's getting roasted by the investors.\" <\/p>\n\n\n\n

Will this NFT collection follow in the footsteps of his previous NFT collection and be abandoned, or will he stick by his word?<\/p>\n","post_title":"Floyd Mayweather Re-enters The World Of Crypto With \u2018Mayweverse\u2019 NFT Project","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"floyd-mayweather-re-enters-the-world-of-crypto-with-mayweverse-nft-project","to_ping":"","pinged":"","post_modified":"2022-03-24 23:37:53","post_modified_gmt":"2022-03-24 12:37:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4089","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4003,"post_author":"1","post_date":"2022-03-21 15:25:03","post_date_gmt":"2022-03-21 04:25:03","post_content":"\n

Adobe-backed creative showcase platform Behance<\/a> to showcase Solana NFTs within the platform. The addition of this feature will allow creators to earn from their designs.<\/p>\n\n\n\n

The feature is only available to creators who have a Phantom Wallet<\/a> connected to their Behance accounts, and are hosted by QuickNode<\/a>. Once this is done, creators can showcase various NFTs from the Solana blockchain on their profiles. <\/p>\n\n\n\n

Adobes Vice President, William Allen, stated that although there are features to implement Ethereum NFTs on the Behance platform already, creators may not want to use Ethereum due to the high gas fees<\/a>. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/williamallen\/status\/1500858469447917571?s=21\n<\/div><\/figure>\n\n\n\n

In turn, Allen addresses<\/a> that \u201cA single transaction on Solana uses less energy than two google searches and costs a fraction of a penny\u201d insisting that it may be a better alternative for some creators. <\/p>\n\n\n\n

\"\"<\/a>
Solanas 1 Day Price Tracker \/ Source - CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

Notes On The Collaborators <\/h2>\n\n\n\n

Phantom Wallet was quick to regard this as a \u201chuge\u201d collaboration for Solana and their emerging creator economy. The low cost and eco friendly nature of Solana will allow a larger range of artists the ability to experiment with NFTs. Allen stated<\/a> on Twitter that Solana will be added to the \u2019Content Credentials\u2019 tool in photoshop, allowing creators to publish NFTs from photoshop ensuring that the work stays their work. <\/p>\n\n\n\n

QuickNode which rented the space within the mainnet of Solana to Adobe is the leading Solana node provider, sustaining over 50% of the entire nodes on the network. No official statement has been released by the team yet. <\/p>\n","post_title":"Solana NFTs To Be Integrated Within Behance","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"solana-nfts-to-be-integrated-within-behance","to_ping":"","pinged":"","post_modified":"2023-04-11 12:51:53","post_modified_gmt":"2023-04-11 02:51:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4003","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3933,"post_author":"1","post_date":"2022-03-14 22:44:23","post_date_gmt":"2022-03-14 11:44:23","post_content":"\n

EtherRock #44, an NFT<\/a> valued at around US$1,000,000 was accidentally listed<\/a> for 444 Wei<\/a> (>US$0.0000001), rather than 444 Ether (US$1,151,000).<\/p>\n\n\n\n

Former owner Dino, posted about the unfortunate event on Twitter.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501802006364635139?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1501802006364635139%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.tronweekly.com%2F1m-worth-rock-nft-sells-for-under-a-penny%2F\n<\/div><\/figure>\n\n\n\n

The EtherRock was instantly purchased<\/a> and relisted by a bot, within the same block, with Dino requesting<\/a> an Etherscan refund. This has so far been unsuccessful. <\/p>\n\n\n\n

Although a very costly mistake, Dino has made his peace with the situation, agreeing it was more of an \"easy come, easy go\" situation. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501897330353934337\n<\/div><\/figure>\n\n\n\n

\"They say it is better to have rocked and lost rock than to have never rocked at all.\"<\/em><\/p>HiddenGnome on Twitter<\/a><\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"EtherRock Worth $1M Sold For A Fraction Of A Cent","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"etherrock-worth-1m-sold-for-a-fraction-of-a-cent","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/wei\/","post_modified":"2023-04-11 12:52:09","post_modified_gmt":"2023-04-11 02:52:09","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3933","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3890,"post_author":"1","post_date":"2022-03-13 19:50:24","post_date_gmt":"2022-03-13 08:50:24","post_content":"\n

Yuga Labs, the company behind the Bored Ape Yacht Club NFT collection, has acquired CryptoPunks and Meebits from fellow developer Larva Labs.<\/p>\n\n\n\n

A joint<\/a> announcement<\/a> was made by Larva Labs and Yuga Labs on Twitter<\/a> on Friday evening.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/yugalabs\/status\/1502420714527334406?s=20&t=IyM-KDtJPh0WaI5XPfA10A\n<\/div><\/figure>\n\n\n\n

Yuga Labs \"now own the brands, copyright in the art, and other IP rights for both collections, along with 423 CryptoPunks and 1711 Meebits\" according to their announcement. This means that they own both the 1st<\/a> and 2nd<\/a> most valuable NFT collections on the market.<\/p>\n\n\n\n

Yuga Labs plans to grant the commercial rights to all CryptoPunk and Meebit NFTs to their owners, as has been done for BAYC owners. This still means that Yuga Labs owns the collection and will \"be building the overall brand right alongside them\", but each NFT owner can monetize their specific ape.<\/p>\n\n\n\n

\"It\u2019s been amazing to watch the BAYC ecosystem use their rights to collaborate and build awesome shit we never could have dreamed up. We can\u2019t wait to see the Cryptopunks and Meebits communities do the same.<\/em>\"<\/p>Yuga Labs on Twitter<\/a><\/cite><\/blockquote>\n","post_title":"BAYC's Yuga Labs Acquires Rights To CryptoPunks And Meebits","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"baycs-yuga-labs-acquires-rights-to-cryptopunks-and-meebits","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:28","post_modified_gmt":"2022-03-14 10:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 5

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\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/wongmjane\/status\/1486077324630302721\n<\/div><\/figure>\n\n\n\n

Solana is a Layer 1<\/a> blockchain, like Ethereum. Although, Solana uses Proof-of-History<\/a> as its consensus mechanism compared to Ethereum's Proof-of-Work. This allows Solana to have a throughput of 60,000 transactions per second, compared to Ethereum's current 15 transactions per second. This would make Solana a cheaper network to use, with much lower gas fees<\/a> compared with a blockchain like Ethereum.<\/p>\n\n\n\n

Solana is up 11.23% today at a price of $124.14, with a 24-hour trading volume of $3,860,298,289 USD.<\/p>\n\n\n\n

\"Solana
Solana Price Data on 31st March - Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"OpenSea To Support Solana NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"opensea-to-support-solana-nfts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/blockchain-essentials-application-layer-protocols\/","post_modified":"2023-04-11 12:49:54","post_modified_gmt":"2023-04-11 02:49:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4175","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4087,"post_author":"1","post_date":"2022-03-24 23:37:18","post_date_gmt":"2022-03-24 12:37:18","post_content":"\n

In a\u00a0blog post<\/a>\u00a0by Loopring's head of growth, Adam Browman states that \"the GameStop NFT Marketplace has taken its first steps to welcome users, and it is built atop Loopring!\"<\/p>\n\n\n\n

Browman believes that the project \"has the potential to cement itself at the forefront of this new paradigm and become the destination for global digital economies.\" The blog post states that users can get early access to the project now to set up usernames and profiles, as well as make their first deposits.<\/p>\n\n\n\n

GameStop and NFTs<\/h2>\n\n\n\n

Rumors circulating since November\u00a0suggested that Loopring might be working with GameStop on a metaverse-related project. The Wall Street Journal\u00a0reported<\/a> in January\u00a0that GameStop was planning to build a new team focused on NFTs.<\/p>\n\n\n\n

Soon after that announcement, GameStop mentioned Immuntable X as their primary partner for the project. Despite this fact, Loopring was mentioned<\/a> at the time in an SEC filing<\/a>.<\/p>\n\n\n\n

According to an article from Decrypt<\/a>, there has been a lot of confusion on the topic and who is powering the NFT marketplace. It turns out that both Loopring and Immutable X are powering the NFT plans of GameStop. Although Immutable X tweeted<\/a> in a thread how they are the \"preferred partner\".<\/p>\n\n\n\n

Immutable mentioned the Loopring integration \u201cwas not a surprise (and we welcome them!).\" The marketplace will act as an aggregator across NFT minting platforms. Although, it appears that Immutable X will receive the most focus on the marketplace being the \"preferred partner\".<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Immutable\/status\/1506596126677295108\n<\/div><\/figure>\n\n\n\n

Since the announcement, $LRC<\/a>, the native token of Layer 2 blockchain<\/a> Loopring has soared over 35% to a high of $1.21. Although it is now trading steadily at $1.09. Loopring is currently sitting at a market cap of US$1.46 billion, according to data from CoinMarketCap.<\/p>\n\n\n\n

$IMX<\/a>, the token on the Immutable X blockchain is down 8.9% in the past 24 hours, trading at $2.19, according to data from CoinMarketCap.<\/p>\n\n\n\n

The other company in the mix, GameStop also had a huge day seeing a 14.5% gain to $141 in GME<\/a> stocks. Over 24 million GME shares were traded today alone. <\/p>\n","post_title":"GameStop NFT Marketplace Has Entered Beta, Integrated With Loopring","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"gamestop-nft-marketplace-has-entered-beta-integrated-with-loopring","to_ping":"","pinged":"","post_modified":"2022-03-24 23:37:42","post_modified_gmt":"2022-03-24 12:37:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4087","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4089,"post_author":"1","post_date":"2022-03-24 22:46:11","post_date_gmt":"2022-03-24 11:46:11","post_content":"\n

Floyd \u2019Money\u2019 Mayweather has re-entered the world of cryptocurrency with the announcement of his 2nd NFT project, dubbed Mayweverse. <\/p>\n\n\n\n

The project will consist of 5 different NFTs, each NFT will have 1000 copies available to mint. Every card has its own rarity, utility, and prizes. <\/p>\n\n\n\n

Despite how good it may sounds, Twitter users were quick to criticize. Floyd was reminded<\/a> of his previous NFT project<\/a>, which made him nearly US$5 million and is now worthless. \u201cYou already have an NFT project, it\u2019s called @RealFloydNFT. You released it last year and then stopped working on it immediately after. Have you been punched in the head so much that you\u2019re forgetting these things now?\u201d<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Berke_eth\/status\/1506051809542037506\n<\/div><\/figure>\n\n\n\n

Users were quick to call his bluff<\/a>. Floyd states that he has been working on this for months, although the twitter handle @mayweverse<\/a> was created this month. <\/p>\n\n\n\n

Coffezilla, known for calling out rug pulls and scams within the industry tweeted<\/a> his thoughts on the NFT project. He states \"Floyd Mayweather is frantically deleting evidence of his last NFT scam. He's getting roasted by the investors.\" <\/p>\n\n\n\n

Will this NFT collection follow in the footsteps of his previous NFT collection and be abandoned, or will he stick by his word?<\/p>\n","post_title":"Floyd Mayweather Re-enters The World Of Crypto With \u2018Mayweverse\u2019 NFT Project","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"floyd-mayweather-re-enters-the-world-of-crypto-with-mayweverse-nft-project","to_ping":"","pinged":"","post_modified":"2022-03-24 23:37:53","post_modified_gmt":"2022-03-24 12:37:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4089","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4003,"post_author":"1","post_date":"2022-03-21 15:25:03","post_date_gmt":"2022-03-21 04:25:03","post_content":"\n

Adobe-backed creative showcase platform Behance<\/a> to showcase Solana NFTs within the platform. The addition of this feature will allow creators to earn from their designs.<\/p>\n\n\n\n

The feature is only available to creators who have a Phantom Wallet<\/a> connected to their Behance accounts, and are hosted by QuickNode<\/a>. Once this is done, creators can showcase various NFTs from the Solana blockchain on their profiles. <\/p>\n\n\n\n

Adobes Vice President, William Allen, stated that although there are features to implement Ethereum NFTs on the Behance platform already, creators may not want to use Ethereum due to the high gas fees<\/a>. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/williamallen\/status\/1500858469447917571?s=21\n<\/div><\/figure>\n\n\n\n

In turn, Allen addresses<\/a> that \u201cA single transaction on Solana uses less energy than two google searches and costs a fraction of a penny\u201d insisting that it may be a better alternative for some creators. <\/p>\n\n\n\n

\"\"<\/a>
Solanas 1 Day Price Tracker \/ Source - CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

Notes On The Collaborators <\/h2>\n\n\n\n

Phantom Wallet was quick to regard this as a \u201chuge\u201d collaboration for Solana and their emerging creator economy. The low cost and eco friendly nature of Solana will allow a larger range of artists the ability to experiment with NFTs. Allen stated<\/a> on Twitter that Solana will be added to the \u2019Content Credentials\u2019 tool in photoshop, allowing creators to publish NFTs from photoshop ensuring that the work stays their work. <\/p>\n\n\n\n

QuickNode which rented the space within the mainnet of Solana to Adobe is the leading Solana node provider, sustaining over 50% of the entire nodes on the network. No official statement has been released by the team yet. <\/p>\n","post_title":"Solana NFTs To Be Integrated Within Behance","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"solana-nfts-to-be-integrated-within-behance","to_ping":"","pinged":"","post_modified":"2023-04-11 12:51:53","post_modified_gmt":"2023-04-11 02:51:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4003","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3933,"post_author":"1","post_date":"2022-03-14 22:44:23","post_date_gmt":"2022-03-14 11:44:23","post_content":"\n

EtherRock #44, an NFT<\/a> valued at around US$1,000,000 was accidentally listed<\/a> for 444 Wei<\/a> (>US$0.0000001), rather than 444 Ether (US$1,151,000).<\/p>\n\n\n\n

Former owner Dino, posted about the unfortunate event on Twitter.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501802006364635139?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1501802006364635139%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.tronweekly.com%2F1m-worth-rock-nft-sells-for-under-a-penny%2F\n<\/div><\/figure>\n\n\n\n

The EtherRock was instantly purchased<\/a> and relisted by a bot, within the same block, with Dino requesting<\/a> an Etherscan refund. This has so far been unsuccessful. <\/p>\n\n\n\n

Although a very costly mistake, Dino has made his peace with the situation, agreeing it was more of an \"easy come, easy go\" situation. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501897330353934337\n<\/div><\/figure>\n\n\n\n

\"They say it is better to have rocked and lost rock than to have never rocked at all.\"<\/em><\/p>HiddenGnome on Twitter<\/a><\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"EtherRock Worth $1M Sold For A Fraction Of A Cent","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"etherrock-worth-1m-sold-for-a-fraction-of-a-cent","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/wei\/","post_modified":"2023-04-11 12:52:09","post_modified_gmt":"2023-04-11 02:52:09","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3933","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3890,"post_author":"1","post_date":"2022-03-13 19:50:24","post_date_gmt":"2022-03-13 08:50:24","post_content":"\n

Yuga Labs, the company behind the Bored Ape Yacht Club NFT collection, has acquired CryptoPunks and Meebits from fellow developer Larva Labs.<\/p>\n\n\n\n

A joint<\/a> announcement<\/a> was made by Larva Labs and Yuga Labs on Twitter<\/a> on Friday evening.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/yugalabs\/status\/1502420714527334406?s=20&t=IyM-KDtJPh0WaI5XPfA10A\n<\/div><\/figure>\n\n\n\n

Yuga Labs \"now own the brands, copyright in the art, and other IP rights for both collections, along with 423 CryptoPunks and 1711 Meebits\" according to their announcement. This means that they own both the 1st<\/a> and 2nd<\/a> most valuable NFT collections on the market.<\/p>\n\n\n\n

Yuga Labs plans to grant the commercial rights to all CryptoPunk and Meebit NFTs to their owners, as has been done for BAYC owners. This still means that Yuga Labs owns the collection and will \"be building the overall brand right alongside them\", but each NFT owner can monetize their specific ape.<\/p>\n\n\n\n

\"It\u2019s been amazing to watch the BAYC ecosystem use their rights to collaborate and build awesome shit we never could have dreamed up. We can\u2019t wait to see the Cryptopunks and Meebits communities do the same.<\/em>\"<\/p>Yuga Labs on Twitter<\/a><\/cite><\/blockquote>\n","post_title":"BAYC's Yuga Labs Acquires Rights To CryptoPunks And Meebits","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"baycs-yuga-labs-acquires-rights-to-cryptopunks-and-meebits","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:28","post_modified_gmt":"2022-03-14 10:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 5

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

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ADVERTISEMENT
\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/wongmjane\/status\/1486077324630302721\n<\/div><\/figure>\n\n\n\n

Solana is a Layer 1<\/a> blockchain, like Ethereum. Although, Solana uses Proof-of-History<\/a> as its consensus mechanism compared to Ethereum's Proof-of-Work. This allows Solana to have a throughput of 60,000 transactions per second, compared to Ethereum's current 15 transactions per second. This would make Solana a cheaper network to use, with much lower gas fees<\/a> compared with a blockchain like Ethereum.<\/p>\n\n\n\n

Solana is up 11.23% today at a price of $124.14, with a 24-hour trading volume of $3,860,298,289 USD.<\/p>\n\n\n\n

\"Solana
Solana Price Data on 31st March - Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"OpenSea To Support Solana NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"opensea-to-support-solana-nfts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/blockchain-essentials-application-layer-protocols\/","post_modified":"2023-04-11 12:49:54","post_modified_gmt":"2023-04-11 02:49:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4175","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4087,"post_author":"1","post_date":"2022-03-24 23:37:18","post_date_gmt":"2022-03-24 12:37:18","post_content":"\n

In a\u00a0blog post<\/a>\u00a0by Loopring's head of growth, Adam Browman states that \"the GameStop NFT Marketplace has taken its first steps to welcome users, and it is built atop Loopring!\"<\/p>\n\n\n\n

Browman believes that the project \"has the potential to cement itself at the forefront of this new paradigm and become the destination for global digital economies.\" The blog post states that users can get early access to the project now to set up usernames and profiles, as well as make their first deposits.<\/p>\n\n\n\n

GameStop and NFTs<\/h2>\n\n\n\n

Rumors circulating since November\u00a0suggested that Loopring might be working with GameStop on a metaverse-related project. The Wall Street Journal\u00a0reported<\/a> in January\u00a0that GameStop was planning to build a new team focused on NFTs.<\/p>\n\n\n\n

Soon after that announcement, GameStop mentioned Immuntable X as their primary partner for the project. Despite this fact, Loopring was mentioned<\/a> at the time in an SEC filing<\/a>.<\/p>\n\n\n\n

According to an article from Decrypt<\/a>, there has been a lot of confusion on the topic and who is powering the NFT marketplace. It turns out that both Loopring and Immutable X are powering the NFT plans of GameStop. Although Immutable X tweeted<\/a> in a thread how they are the \"preferred partner\".<\/p>\n\n\n\n

Immutable mentioned the Loopring integration \u201cwas not a surprise (and we welcome them!).\" The marketplace will act as an aggregator across NFT minting platforms. Although, it appears that Immutable X will receive the most focus on the marketplace being the \"preferred partner\".<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Immutable\/status\/1506596126677295108\n<\/div><\/figure>\n\n\n\n

Since the announcement, $LRC<\/a>, the native token of Layer 2 blockchain<\/a> Loopring has soared over 35% to a high of $1.21. Although it is now trading steadily at $1.09. Loopring is currently sitting at a market cap of US$1.46 billion, according to data from CoinMarketCap.<\/p>\n\n\n\n

$IMX<\/a>, the token on the Immutable X blockchain is down 8.9% in the past 24 hours, trading at $2.19, according to data from CoinMarketCap.<\/p>\n\n\n\n

The other company in the mix, GameStop also had a huge day seeing a 14.5% gain to $141 in GME<\/a> stocks. Over 24 million GME shares were traded today alone. <\/p>\n","post_title":"GameStop NFT Marketplace Has Entered Beta, Integrated With Loopring","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"gamestop-nft-marketplace-has-entered-beta-integrated-with-loopring","to_ping":"","pinged":"","post_modified":"2022-03-24 23:37:42","post_modified_gmt":"2022-03-24 12:37:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4087","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4089,"post_author":"1","post_date":"2022-03-24 22:46:11","post_date_gmt":"2022-03-24 11:46:11","post_content":"\n

Floyd \u2019Money\u2019 Mayweather has re-entered the world of cryptocurrency with the announcement of his 2nd NFT project, dubbed Mayweverse. <\/p>\n\n\n\n

The project will consist of 5 different NFTs, each NFT will have 1000 copies available to mint. Every card has its own rarity, utility, and prizes. <\/p>\n\n\n\n

Despite how good it may sounds, Twitter users were quick to criticize. Floyd was reminded<\/a> of his previous NFT project<\/a>, which made him nearly US$5 million and is now worthless. \u201cYou already have an NFT project, it\u2019s called @RealFloydNFT. You released it last year and then stopped working on it immediately after. Have you been punched in the head so much that you\u2019re forgetting these things now?\u201d<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Berke_eth\/status\/1506051809542037506\n<\/div><\/figure>\n\n\n\n

Users were quick to call his bluff<\/a>. Floyd states that he has been working on this for months, although the twitter handle @mayweverse<\/a> was created this month. <\/p>\n\n\n\n

Coffezilla, known for calling out rug pulls and scams within the industry tweeted<\/a> his thoughts on the NFT project. He states \"Floyd Mayweather is frantically deleting evidence of his last NFT scam. He's getting roasted by the investors.\" <\/p>\n\n\n\n

Will this NFT collection follow in the footsteps of his previous NFT collection and be abandoned, or will he stick by his word?<\/p>\n","post_title":"Floyd Mayweather Re-enters The World Of Crypto With \u2018Mayweverse\u2019 NFT Project","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"floyd-mayweather-re-enters-the-world-of-crypto-with-mayweverse-nft-project","to_ping":"","pinged":"","post_modified":"2022-03-24 23:37:53","post_modified_gmt":"2022-03-24 12:37:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4089","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4003,"post_author":"1","post_date":"2022-03-21 15:25:03","post_date_gmt":"2022-03-21 04:25:03","post_content":"\n

Adobe-backed creative showcase platform Behance<\/a> to showcase Solana NFTs within the platform. The addition of this feature will allow creators to earn from their designs.<\/p>\n\n\n\n

The feature is only available to creators who have a Phantom Wallet<\/a> connected to their Behance accounts, and are hosted by QuickNode<\/a>. Once this is done, creators can showcase various NFTs from the Solana blockchain on their profiles. <\/p>\n\n\n\n

Adobes Vice President, William Allen, stated that although there are features to implement Ethereum NFTs on the Behance platform already, creators may not want to use Ethereum due to the high gas fees<\/a>. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/williamallen\/status\/1500858469447917571?s=21\n<\/div><\/figure>\n\n\n\n

In turn, Allen addresses<\/a> that \u201cA single transaction on Solana uses less energy than two google searches and costs a fraction of a penny\u201d insisting that it may be a better alternative for some creators. <\/p>\n\n\n\n

\"\"<\/a>
Solanas 1 Day Price Tracker \/ Source - CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

Notes On The Collaborators <\/h2>\n\n\n\n

Phantom Wallet was quick to regard this as a \u201chuge\u201d collaboration for Solana and their emerging creator economy. The low cost and eco friendly nature of Solana will allow a larger range of artists the ability to experiment with NFTs. Allen stated<\/a> on Twitter that Solana will be added to the \u2019Content Credentials\u2019 tool in photoshop, allowing creators to publish NFTs from photoshop ensuring that the work stays their work. <\/p>\n\n\n\n

QuickNode which rented the space within the mainnet of Solana to Adobe is the leading Solana node provider, sustaining over 50% of the entire nodes on the network. No official statement has been released by the team yet. <\/p>\n","post_title":"Solana NFTs To Be Integrated Within Behance","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"solana-nfts-to-be-integrated-within-behance","to_ping":"","pinged":"","post_modified":"2023-04-11 12:51:53","post_modified_gmt":"2023-04-11 02:51:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4003","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3933,"post_author":"1","post_date":"2022-03-14 22:44:23","post_date_gmt":"2022-03-14 11:44:23","post_content":"\n

EtherRock #44, an NFT<\/a> valued at around US$1,000,000 was accidentally listed<\/a> for 444 Wei<\/a> (>US$0.0000001), rather than 444 Ether (US$1,151,000).<\/p>\n\n\n\n

Former owner Dino, posted about the unfortunate event on Twitter.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501802006364635139?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1501802006364635139%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.tronweekly.com%2F1m-worth-rock-nft-sells-for-under-a-penny%2F\n<\/div><\/figure>\n\n\n\n

The EtherRock was instantly purchased<\/a> and relisted by a bot, within the same block, with Dino requesting<\/a> an Etherscan refund. This has so far been unsuccessful. <\/p>\n\n\n\n

Although a very costly mistake, Dino has made his peace with the situation, agreeing it was more of an \"easy come, easy go\" situation. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501897330353934337\n<\/div><\/figure>\n\n\n\n

\"They say it is better to have rocked and lost rock than to have never rocked at all.\"<\/em><\/p>HiddenGnome on Twitter<\/a><\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"EtherRock Worth $1M Sold For A Fraction Of A Cent","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"etherrock-worth-1m-sold-for-a-fraction-of-a-cent","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/wei\/","post_modified":"2023-04-11 12:52:09","post_modified_gmt":"2023-04-11 02:52:09","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3933","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3890,"post_author":"1","post_date":"2022-03-13 19:50:24","post_date_gmt":"2022-03-13 08:50:24","post_content":"\n

Yuga Labs, the company behind the Bored Ape Yacht Club NFT collection, has acquired CryptoPunks and Meebits from fellow developer Larva Labs.<\/p>\n\n\n\n

A joint<\/a> announcement<\/a> was made by Larva Labs and Yuga Labs on Twitter<\/a> on Friday evening.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/yugalabs\/status\/1502420714527334406?s=20&t=IyM-KDtJPh0WaI5XPfA10A\n<\/div><\/figure>\n\n\n\n

Yuga Labs \"now own the brands, copyright in the art, and other IP rights for both collections, along with 423 CryptoPunks and 1711 Meebits\" according to their announcement. This means that they own both the 1st<\/a> and 2nd<\/a> most valuable NFT collections on the market.<\/p>\n\n\n\n

Yuga Labs plans to grant the commercial rights to all CryptoPunk and Meebit NFTs to their owners, as has been done for BAYC owners. This still means that Yuga Labs owns the collection and will \"be building the overall brand right alongside them\", but each NFT owner can monetize their specific ape.<\/p>\n\n\n\n

\"It\u2019s been amazing to watch the BAYC ecosystem use their rights to collaborate and build awesome shit we never could have dreamed up. We can\u2019t wait to see the Cryptopunks and Meebits communities do the same.<\/em>\"<\/p>Yuga Labs on Twitter<\/a><\/cite><\/blockquote>\n","post_title":"BAYC's Yuga Labs Acquires Rights To CryptoPunks And Meebits","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"baycs-yuga-labs-acquires-rights-to-cryptopunks-and-meebits","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:28","post_modified_gmt":"2022-03-14 10:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 5

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

<\/p>\n","post_title":"UK Government Plans The 'Royal Mint NFT'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-plans-the-royal-mint-nft","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-04-24 23:19:34","post_modified_gmt":"2022-04-24 13:19:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4202","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/wongmjane\/status\/1486077324630302721\n<\/div><\/figure>\n\n\n\n

Solana is a Layer 1<\/a> blockchain, like Ethereum. Although, Solana uses Proof-of-History<\/a> as its consensus mechanism compared to Ethereum's Proof-of-Work. This allows Solana to have a throughput of 60,000 transactions per second, compared to Ethereum's current 15 transactions per second. This would make Solana a cheaper network to use, with much lower gas fees<\/a> compared with a blockchain like Ethereum.<\/p>\n\n\n\n

Solana is up 11.23% today at a price of $124.14, with a 24-hour trading volume of $3,860,298,289 USD.<\/p>\n\n\n\n

\"Solana
Solana Price Data on 31st March - Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"OpenSea To Support Solana NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"opensea-to-support-solana-nfts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/blockchain-essentials-application-layer-protocols\/","post_modified":"2023-04-11 12:49:54","post_modified_gmt":"2023-04-11 02:49:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4175","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4087,"post_author":"1","post_date":"2022-03-24 23:37:18","post_date_gmt":"2022-03-24 12:37:18","post_content":"\n

In a\u00a0blog post<\/a>\u00a0by Loopring's head of growth, Adam Browman states that \"the GameStop NFT Marketplace has taken its first steps to welcome users, and it is built atop Loopring!\"<\/p>\n\n\n\n

Browman believes that the project \"has the potential to cement itself at the forefront of this new paradigm and become the destination for global digital economies.\" The blog post states that users can get early access to the project now to set up usernames and profiles, as well as make their first deposits.<\/p>\n\n\n\n

GameStop and NFTs<\/h2>\n\n\n\n

Rumors circulating since November\u00a0suggested that Loopring might be working with GameStop on a metaverse-related project. The Wall Street Journal\u00a0reported<\/a> in January\u00a0that GameStop was planning to build a new team focused on NFTs.<\/p>\n\n\n\n

Soon after that announcement, GameStop mentioned Immuntable X as their primary partner for the project. Despite this fact, Loopring was mentioned<\/a> at the time in an SEC filing<\/a>.<\/p>\n\n\n\n

According to an article from Decrypt<\/a>, there has been a lot of confusion on the topic and who is powering the NFT marketplace. It turns out that both Loopring and Immutable X are powering the NFT plans of GameStop. Although Immutable X tweeted<\/a> in a thread how they are the \"preferred partner\".<\/p>\n\n\n\n

Immutable mentioned the Loopring integration \u201cwas not a surprise (and we welcome them!).\" The marketplace will act as an aggregator across NFT minting platforms. Although, it appears that Immutable X will receive the most focus on the marketplace being the \"preferred partner\".<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Immutable\/status\/1506596126677295108\n<\/div><\/figure>\n\n\n\n

Since the announcement, $LRC<\/a>, the native token of Layer 2 blockchain<\/a> Loopring has soared over 35% to a high of $1.21. Although it is now trading steadily at $1.09. Loopring is currently sitting at a market cap of US$1.46 billion, according to data from CoinMarketCap.<\/p>\n\n\n\n

$IMX<\/a>, the token on the Immutable X blockchain is down 8.9% in the past 24 hours, trading at $2.19, according to data from CoinMarketCap.<\/p>\n\n\n\n

The other company in the mix, GameStop also had a huge day seeing a 14.5% gain to $141 in GME<\/a> stocks. Over 24 million GME shares were traded today alone. <\/p>\n","post_title":"GameStop NFT Marketplace Has Entered Beta, Integrated With Loopring","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"gamestop-nft-marketplace-has-entered-beta-integrated-with-loopring","to_ping":"","pinged":"","post_modified":"2022-03-24 23:37:42","post_modified_gmt":"2022-03-24 12:37:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4087","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4089,"post_author":"1","post_date":"2022-03-24 22:46:11","post_date_gmt":"2022-03-24 11:46:11","post_content":"\n

Floyd \u2019Money\u2019 Mayweather has re-entered the world of cryptocurrency with the announcement of his 2nd NFT project, dubbed Mayweverse. <\/p>\n\n\n\n

The project will consist of 5 different NFTs, each NFT will have 1000 copies available to mint. Every card has its own rarity, utility, and prizes. <\/p>\n\n\n\n

Despite how good it may sounds, Twitter users were quick to criticize. Floyd was reminded<\/a> of his previous NFT project<\/a>, which made him nearly US$5 million and is now worthless. \u201cYou already have an NFT project, it\u2019s called @RealFloydNFT. You released it last year and then stopped working on it immediately after. Have you been punched in the head so much that you\u2019re forgetting these things now?\u201d<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Berke_eth\/status\/1506051809542037506\n<\/div><\/figure>\n\n\n\n

Users were quick to call his bluff<\/a>. Floyd states that he has been working on this for months, although the twitter handle @mayweverse<\/a> was created this month. <\/p>\n\n\n\n

Coffezilla, known for calling out rug pulls and scams within the industry tweeted<\/a> his thoughts on the NFT project. He states \"Floyd Mayweather is frantically deleting evidence of his last NFT scam. He's getting roasted by the investors.\" <\/p>\n\n\n\n

Will this NFT collection follow in the footsteps of his previous NFT collection and be abandoned, or will he stick by his word?<\/p>\n","post_title":"Floyd Mayweather Re-enters The World Of Crypto With \u2018Mayweverse\u2019 NFT Project","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"floyd-mayweather-re-enters-the-world-of-crypto-with-mayweverse-nft-project","to_ping":"","pinged":"","post_modified":"2022-03-24 23:37:53","post_modified_gmt":"2022-03-24 12:37:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4089","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4003,"post_author":"1","post_date":"2022-03-21 15:25:03","post_date_gmt":"2022-03-21 04:25:03","post_content":"\n

Adobe-backed creative showcase platform Behance<\/a> to showcase Solana NFTs within the platform. The addition of this feature will allow creators to earn from their designs.<\/p>\n\n\n\n

The feature is only available to creators who have a Phantom Wallet<\/a> connected to their Behance accounts, and are hosted by QuickNode<\/a>. Once this is done, creators can showcase various NFTs from the Solana blockchain on their profiles. <\/p>\n\n\n\n

Adobes Vice President, William Allen, stated that although there are features to implement Ethereum NFTs on the Behance platform already, creators may not want to use Ethereum due to the high gas fees<\/a>. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/williamallen\/status\/1500858469447917571?s=21\n<\/div><\/figure>\n\n\n\n

In turn, Allen addresses<\/a> that \u201cA single transaction on Solana uses less energy than two google searches and costs a fraction of a penny\u201d insisting that it may be a better alternative for some creators. <\/p>\n\n\n\n

\"\"<\/a>
Solanas 1 Day Price Tracker \/ Source - CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

Notes On The Collaborators <\/h2>\n\n\n\n

Phantom Wallet was quick to regard this as a \u201chuge\u201d collaboration for Solana and their emerging creator economy. The low cost and eco friendly nature of Solana will allow a larger range of artists the ability to experiment with NFTs. Allen stated<\/a> on Twitter that Solana will be added to the \u2019Content Credentials\u2019 tool in photoshop, allowing creators to publish NFTs from photoshop ensuring that the work stays their work. <\/p>\n\n\n\n

QuickNode which rented the space within the mainnet of Solana to Adobe is the leading Solana node provider, sustaining over 50% of the entire nodes on the network. No official statement has been released by the team yet. <\/p>\n","post_title":"Solana NFTs To Be Integrated Within Behance","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"solana-nfts-to-be-integrated-within-behance","to_ping":"","pinged":"","post_modified":"2023-04-11 12:51:53","post_modified_gmt":"2023-04-11 02:51:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4003","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3933,"post_author":"1","post_date":"2022-03-14 22:44:23","post_date_gmt":"2022-03-14 11:44:23","post_content":"\n

EtherRock #44, an NFT<\/a> valued at around US$1,000,000 was accidentally listed<\/a> for 444 Wei<\/a> (>US$0.0000001), rather than 444 Ether (US$1,151,000).<\/p>\n\n\n\n

Former owner Dino, posted about the unfortunate event on Twitter.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501802006364635139?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1501802006364635139%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.tronweekly.com%2F1m-worth-rock-nft-sells-for-under-a-penny%2F\n<\/div><\/figure>\n\n\n\n

The EtherRock was instantly purchased<\/a> and relisted by a bot, within the same block, with Dino requesting<\/a> an Etherscan refund. This has so far been unsuccessful. <\/p>\n\n\n\n

Although a very costly mistake, Dino has made his peace with the situation, agreeing it was more of an \"easy come, easy go\" situation. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501897330353934337\n<\/div><\/figure>\n\n\n\n

\"They say it is better to have rocked and lost rock than to have never rocked at all.\"<\/em><\/p>HiddenGnome on Twitter<\/a><\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"EtherRock Worth $1M Sold For A Fraction Of A Cent","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"etherrock-worth-1m-sold-for-a-fraction-of-a-cent","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/wei\/","post_modified":"2023-04-11 12:52:09","post_modified_gmt":"2023-04-11 02:52:09","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3933","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3890,"post_author":"1","post_date":"2022-03-13 19:50:24","post_date_gmt":"2022-03-13 08:50:24","post_content":"\n

Yuga Labs, the company behind the Bored Ape Yacht Club NFT collection, has acquired CryptoPunks and Meebits from fellow developer Larva Labs.<\/p>\n\n\n\n

A joint<\/a> announcement<\/a> was made by Larva Labs and Yuga Labs on Twitter<\/a> on Friday evening.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/yugalabs\/status\/1502420714527334406?s=20&t=IyM-KDtJPh0WaI5XPfA10A\n<\/div><\/figure>\n\n\n\n

Yuga Labs \"now own the brands, copyright in the art, and other IP rights for both collections, along with 423 CryptoPunks and 1711 Meebits\" according to their announcement. This means that they own both the 1st<\/a> and 2nd<\/a> most valuable NFT collections on the market.<\/p>\n\n\n\n

Yuga Labs plans to grant the commercial rights to all CryptoPunk and Meebit NFTs to their owners, as has been done for BAYC owners. This still means that Yuga Labs owns the collection and will \"be building the overall brand right alongside them\", but each NFT owner can monetize their specific ape.<\/p>\n\n\n\n

\"It\u2019s been amazing to watch the BAYC ecosystem use their rights to collaborate and build awesome shit we never could have dreamed up. We can\u2019t wait to see the Cryptopunks and Meebits communities do the same.<\/em>\"<\/p>Yuga Labs on Twitter<\/a><\/cite><\/blockquote>\n","post_title":"BAYC's Yuga Labs Acquires Rights To CryptoPunks And Meebits","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"baycs-yuga-labs-acquires-rights-to-cryptopunks-and-meebits","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:28","post_modified_gmt":"2022-03-14 10:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 5

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

\"We think that by making this country a hospitable place for crypto we can attract investment, generate swathes of new jobs, and create a wave of ground-breaking new products and services. We\u2019re on the cusp of something important. We have the opportunity to shape and lead it. And that is what we\u2019ll do.<\/em>\"<\/p>John Glen, Economic Secretary to the Treasury<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"UK Government Plans The 'Royal Mint NFT'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-plans-the-royal-mint-nft","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-04-24 23:19:34","post_modified_gmt":"2022-04-24 13:19:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4202","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/wongmjane\/status\/1486077324630302721\n<\/div><\/figure>\n\n\n\n

Solana is a Layer 1<\/a> blockchain, like Ethereum. Although, Solana uses Proof-of-History<\/a> as its consensus mechanism compared to Ethereum's Proof-of-Work. This allows Solana to have a throughput of 60,000 transactions per second, compared to Ethereum's current 15 transactions per second. This would make Solana a cheaper network to use, with much lower gas fees<\/a> compared with a blockchain like Ethereum.<\/p>\n\n\n\n

Solana is up 11.23% today at a price of $124.14, with a 24-hour trading volume of $3,860,298,289 USD.<\/p>\n\n\n\n

\"Solana
Solana Price Data on 31st March - Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"OpenSea To Support Solana NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"opensea-to-support-solana-nfts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/blockchain-essentials-application-layer-protocols\/","post_modified":"2023-04-11 12:49:54","post_modified_gmt":"2023-04-11 02:49:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4175","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4087,"post_author":"1","post_date":"2022-03-24 23:37:18","post_date_gmt":"2022-03-24 12:37:18","post_content":"\n

In a\u00a0blog post<\/a>\u00a0by Loopring's head of growth, Adam Browman states that \"the GameStop NFT Marketplace has taken its first steps to welcome users, and it is built atop Loopring!\"<\/p>\n\n\n\n

Browman believes that the project \"has the potential to cement itself at the forefront of this new paradigm and become the destination for global digital economies.\" The blog post states that users can get early access to the project now to set up usernames and profiles, as well as make their first deposits.<\/p>\n\n\n\n

GameStop and NFTs<\/h2>\n\n\n\n

Rumors circulating since November\u00a0suggested that Loopring might be working with GameStop on a metaverse-related project. The Wall Street Journal\u00a0reported<\/a> in January\u00a0that GameStop was planning to build a new team focused on NFTs.<\/p>\n\n\n\n

Soon after that announcement, GameStop mentioned Immuntable X as their primary partner for the project. Despite this fact, Loopring was mentioned<\/a> at the time in an SEC filing<\/a>.<\/p>\n\n\n\n

According to an article from Decrypt<\/a>, there has been a lot of confusion on the topic and who is powering the NFT marketplace. It turns out that both Loopring and Immutable X are powering the NFT plans of GameStop. Although Immutable X tweeted<\/a> in a thread how they are the \"preferred partner\".<\/p>\n\n\n\n

Immutable mentioned the Loopring integration \u201cwas not a surprise (and we welcome them!).\" The marketplace will act as an aggregator across NFT minting platforms. Although, it appears that Immutable X will receive the most focus on the marketplace being the \"preferred partner\".<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Immutable\/status\/1506596126677295108\n<\/div><\/figure>\n\n\n\n

Since the announcement, $LRC<\/a>, the native token of Layer 2 blockchain<\/a> Loopring has soared over 35% to a high of $1.21. Although it is now trading steadily at $1.09. Loopring is currently sitting at a market cap of US$1.46 billion, according to data from CoinMarketCap.<\/p>\n\n\n\n

$IMX<\/a>, the token on the Immutable X blockchain is down 8.9% in the past 24 hours, trading at $2.19, according to data from CoinMarketCap.<\/p>\n\n\n\n

The other company in the mix, GameStop also had a huge day seeing a 14.5% gain to $141 in GME<\/a> stocks. Over 24 million GME shares were traded today alone. <\/p>\n","post_title":"GameStop NFT Marketplace Has Entered Beta, Integrated With Loopring","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"gamestop-nft-marketplace-has-entered-beta-integrated-with-loopring","to_ping":"","pinged":"","post_modified":"2022-03-24 23:37:42","post_modified_gmt":"2022-03-24 12:37:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4087","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4089,"post_author":"1","post_date":"2022-03-24 22:46:11","post_date_gmt":"2022-03-24 11:46:11","post_content":"\n

Floyd \u2019Money\u2019 Mayweather has re-entered the world of cryptocurrency with the announcement of his 2nd NFT project, dubbed Mayweverse. <\/p>\n\n\n\n

The project will consist of 5 different NFTs, each NFT will have 1000 copies available to mint. Every card has its own rarity, utility, and prizes. <\/p>\n\n\n\n

Despite how good it may sounds, Twitter users were quick to criticize. Floyd was reminded<\/a> of his previous NFT project<\/a>, which made him nearly US$5 million and is now worthless. \u201cYou already have an NFT project, it\u2019s called @RealFloydNFT. You released it last year and then stopped working on it immediately after. Have you been punched in the head so much that you\u2019re forgetting these things now?\u201d<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Berke_eth\/status\/1506051809542037506\n<\/div><\/figure>\n\n\n\n

Users were quick to call his bluff<\/a>. Floyd states that he has been working on this for months, although the twitter handle @mayweverse<\/a> was created this month. <\/p>\n\n\n\n

Coffezilla, known for calling out rug pulls and scams within the industry tweeted<\/a> his thoughts on the NFT project. He states \"Floyd Mayweather is frantically deleting evidence of his last NFT scam. He's getting roasted by the investors.\" <\/p>\n\n\n\n

Will this NFT collection follow in the footsteps of his previous NFT collection and be abandoned, or will he stick by his word?<\/p>\n","post_title":"Floyd Mayweather Re-enters The World Of Crypto With \u2018Mayweverse\u2019 NFT Project","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"floyd-mayweather-re-enters-the-world-of-crypto-with-mayweverse-nft-project","to_ping":"","pinged":"","post_modified":"2022-03-24 23:37:53","post_modified_gmt":"2022-03-24 12:37:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4089","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4003,"post_author":"1","post_date":"2022-03-21 15:25:03","post_date_gmt":"2022-03-21 04:25:03","post_content":"\n

Adobe-backed creative showcase platform Behance<\/a> to showcase Solana NFTs within the platform. The addition of this feature will allow creators to earn from their designs.<\/p>\n\n\n\n

The feature is only available to creators who have a Phantom Wallet<\/a> connected to their Behance accounts, and are hosted by QuickNode<\/a>. Once this is done, creators can showcase various NFTs from the Solana blockchain on their profiles. <\/p>\n\n\n\n

Adobes Vice President, William Allen, stated that although there are features to implement Ethereum NFTs on the Behance platform already, creators may not want to use Ethereum due to the high gas fees<\/a>. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/williamallen\/status\/1500858469447917571?s=21\n<\/div><\/figure>\n\n\n\n

In turn, Allen addresses<\/a> that \u201cA single transaction on Solana uses less energy than two google searches and costs a fraction of a penny\u201d insisting that it may be a better alternative for some creators. <\/p>\n\n\n\n

\"\"<\/a>
Solanas 1 Day Price Tracker \/ Source - CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

Notes On The Collaborators <\/h2>\n\n\n\n

Phantom Wallet was quick to regard this as a \u201chuge\u201d collaboration for Solana and their emerging creator economy. The low cost and eco friendly nature of Solana will allow a larger range of artists the ability to experiment with NFTs. Allen stated<\/a> on Twitter that Solana will be added to the \u2019Content Credentials\u2019 tool in photoshop, allowing creators to publish NFTs from photoshop ensuring that the work stays their work. <\/p>\n\n\n\n

QuickNode which rented the space within the mainnet of Solana to Adobe is the leading Solana node provider, sustaining over 50% of the entire nodes on the network. No official statement has been released by the team yet. <\/p>\n","post_title":"Solana NFTs To Be Integrated Within Behance","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"solana-nfts-to-be-integrated-within-behance","to_ping":"","pinged":"","post_modified":"2023-04-11 12:51:53","post_modified_gmt":"2023-04-11 02:51:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4003","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3933,"post_author":"1","post_date":"2022-03-14 22:44:23","post_date_gmt":"2022-03-14 11:44:23","post_content":"\n

EtherRock #44, an NFT<\/a> valued at around US$1,000,000 was accidentally listed<\/a> for 444 Wei<\/a> (>US$0.0000001), rather than 444 Ether (US$1,151,000).<\/p>\n\n\n\n

Former owner Dino, posted about the unfortunate event on Twitter.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501802006364635139?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1501802006364635139%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.tronweekly.com%2F1m-worth-rock-nft-sells-for-under-a-penny%2F\n<\/div><\/figure>\n\n\n\n

The EtherRock was instantly purchased<\/a> and relisted by a bot, within the same block, with Dino requesting<\/a> an Etherscan refund. This has so far been unsuccessful. <\/p>\n\n\n\n

Although a very costly mistake, Dino has made his peace with the situation, agreeing it was more of an \"easy come, easy go\" situation. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501897330353934337\n<\/div><\/figure>\n\n\n\n

\"They say it is better to have rocked and lost rock than to have never rocked at all.\"<\/em><\/p>HiddenGnome on Twitter<\/a><\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"EtherRock Worth $1M Sold For A Fraction Of A Cent","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"etherrock-worth-1m-sold-for-a-fraction-of-a-cent","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/wei\/","post_modified":"2023-04-11 12:52:09","post_modified_gmt":"2023-04-11 02:52:09","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3933","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3890,"post_author":"1","post_date":"2022-03-13 19:50:24","post_date_gmt":"2022-03-13 08:50:24","post_content":"\n

Yuga Labs, the company behind the Bored Ape Yacht Club NFT collection, has acquired CryptoPunks and Meebits from fellow developer Larva Labs.<\/p>\n\n\n\n

A joint<\/a> announcement<\/a> was made by Larva Labs and Yuga Labs on Twitter<\/a> on Friday evening.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/yugalabs\/status\/1502420714527334406?s=20&t=IyM-KDtJPh0WaI5XPfA10A\n<\/div><\/figure>\n\n\n\n

Yuga Labs \"now own the brands, copyright in the art, and other IP rights for both collections, along with 423 CryptoPunks and 1711 Meebits\" according to their announcement. This means that they own both the 1st<\/a> and 2nd<\/a> most valuable NFT collections on the market.<\/p>\n\n\n\n

Yuga Labs plans to grant the commercial rights to all CryptoPunk and Meebit NFTs to their owners, as has been done for BAYC owners. This still means that Yuga Labs owns the collection and will \"be building the overall brand right alongside them\", but each NFT owner can monetize their specific ape.<\/p>\n\n\n\n

\"It\u2019s been amazing to watch the BAYC ecosystem use their rights to collaborate and build awesome shit we never could have dreamed up. We can\u2019t wait to see the Cryptopunks and Meebits communities do the same.<\/em>\"<\/p>Yuga Labs on Twitter<\/a><\/cite><\/blockquote>\n","post_title":"BAYC's Yuga Labs Acquires Rights To CryptoPunks And Meebits","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"baycs-yuga-labs-acquires-rights-to-cryptopunks-and-meebits","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:28","post_modified_gmt":"2022-03-14 10:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 5

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the adoption of <\/a>stablecoins<\/a> by the UK government<\/a>. The UK will proactively explore the potentially transformative benefits of\u00a0Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

\"We think that by making this country a hospitable place for crypto we can attract investment, generate swathes of new jobs, and create a wave of ground-breaking new products and services. We\u2019re on the cusp of something important. We have the opportunity to shape and lead it. And that is what we\u2019ll do.<\/em>\"<\/p>John Glen, Economic Secretary to the Treasury<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"UK Government Plans The 'Royal Mint NFT'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-plans-the-royal-mint-nft","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-04-24 23:19:34","post_modified_gmt":"2022-04-24 13:19:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4202","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/wongmjane\/status\/1486077324630302721\n<\/div><\/figure>\n\n\n\n

Solana is a Layer 1<\/a> blockchain, like Ethereum. Although, Solana uses Proof-of-History<\/a> as its consensus mechanism compared to Ethereum's Proof-of-Work. This allows Solana to have a throughput of 60,000 transactions per second, compared to Ethereum's current 15 transactions per second. This would make Solana a cheaper network to use, with much lower gas fees<\/a> compared with a blockchain like Ethereum.<\/p>\n\n\n\n

Solana is up 11.23% today at a price of $124.14, with a 24-hour trading volume of $3,860,298,289 USD.<\/p>\n\n\n\n

\"Solana
Solana Price Data on 31st March - Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"OpenSea To Support Solana NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"opensea-to-support-solana-nfts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/blockchain-essentials-application-layer-protocols\/","post_modified":"2023-04-11 12:49:54","post_modified_gmt":"2023-04-11 02:49:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4175","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4087,"post_author":"1","post_date":"2022-03-24 23:37:18","post_date_gmt":"2022-03-24 12:37:18","post_content":"\n

In a\u00a0blog post<\/a>\u00a0by Loopring's head of growth, Adam Browman states that \"the GameStop NFT Marketplace has taken its first steps to welcome users, and it is built atop Loopring!\"<\/p>\n\n\n\n

Browman believes that the project \"has the potential to cement itself at the forefront of this new paradigm and become the destination for global digital economies.\" The blog post states that users can get early access to the project now to set up usernames and profiles, as well as make their first deposits.<\/p>\n\n\n\n

GameStop and NFTs<\/h2>\n\n\n\n

Rumors circulating since November\u00a0suggested that Loopring might be working with GameStop on a metaverse-related project. The Wall Street Journal\u00a0reported<\/a> in January\u00a0that GameStop was planning to build a new team focused on NFTs.<\/p>\n\n\n\n

Soon after that announcement, GameStop mentioned Immuntable X as their primary partner for the project. Despite this fact, Loopring was mentioned<\/a> at the time in an SEC filing<\/a>.<\/p>\n\n\n\n

According to an article from Decrypt<\/a>, there has been a lot of confusion on the topic and who is powering the NFT marketplace. It turns out that both Loopring and Immutable X are powering the NFT plans of GameStop. Although Immutable X tweeted<\/a> in a thread how they are the \"preferred partner\".<\/p>\n\n\n\n

Immutable mentioned the Loopring integration \u201cwas not a surprise (and we welcome them!).\" The marketplace will act as an aggregator across NFT minting platforms. Although, it appears that Immutable X will receive the most focus on the marketplace being the \"preferred partner\".<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Immutable\/status\/1506596126677295108\n<\/div><\/figure>\n\n\n\n

Since the announcement, $LRC<\/a>, the native token of Layer 2 blockchain<\/a> Loopring has soared over 35% to a high of $1.21. Although it is now trading steadily at $1.09. Loopring is currently sitting at a market cap of US$1.46 billion, according to data from CoinMarketCap.<\/p>\n\n\n\n

$IMX<\/a>, the token on the Immutable X blockchain is down 8.9% in the past 24 hours, trading at $2.19, according to data from CoinMarketCap.<\/p>\n\n\n\n

The other company in the mix, GameStop also had a huge day seeing a 14.5% gain to $141 in GME<\/a> stocks. Over 24 million GME shares were traded today alone. <\/p>\n","post_title":"GameStop NFT Marketplace Has Entered Beta, Integrated With Loopring","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"gamestop-nft-marketplace-has-entered-beta-integrated-with-loopring","to_ping":"","pinged":"","post_modified":"2022-03-24 23:37:42","post_modified_gmt":"2022-03-24 12:37:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4087","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4089,"post_author":"1","post_date":"2022-03-24 22:46:11","post_date_gmt":"2022-03-24 11:46:11","post_content":"\n

Floyd \u2019Money\u2019 Mayweather has re-entered the world of cryptocurrency with the announcement of his 2nd NFT project, dubbed Mayweverse. <\/p>\n\n\n\n

The project will consist of 5 different NFTs, each NFT will have 1000 copies available to mint. Every card has its own rarity, utility, and prizes. <\/p>\n\n\n\n

Despite how good it may sounds, Twitter users were quick to criticize. Floyd was reminded<\/a> of his previous NFT project<\/a>, which made him nearly US$5 million and is now worthless. \u201cYou already have an NFT project, it\u2019s called @RealFloydNFT. You released it last year and then stopped working on it immediately after. Have you been punched in the head so much that you\u2019re forgetting these things now?\u201d<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Berke_eth\/status\/1506051809542037506\n<\/div><\/figure>\n\n\n\n

Users were quick to call his bluff<\/a>. Floyd states that he has been working on this for months, although the twitter handle @mayweverse<\/a> was created this month. <\/p>\n\n\n\n

Coffezilla, known for calling out rug pulls and scams within the industry tweeted<\/a> his thoughts on the NFT project. He states \"Floyd Mayweather is frantically deleting evidence of his last NFT scam. He's getting roasted by the investors.\" <\/p>\n\n\n\n

Will this NFT collection follow in the footsteps of his previous NFT collection and be abandoned, or will he stick by his word?<\/p>\n","post_title":"Floyd Mayweather Re-enters The World Of Crypto With \u2018Mayweverse\u2019 NFT Project","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"floyd-mayweather-re-enters-the-world-of-crypto-with-mayweverse-nft-project","to_ping":"","pinged":"","post_modified":"2022-03-24 23:37:53","post_modified_gmt":"2022-03-24 12:37:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4089","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4003,"post_author":"1","post_date":"2022-03-21 15:25:03","post_date_gmt":"2022-03-21 04:25:03","post_content":"\n

Adobe-backed creative showcase platform Behance<\/a> to showcase Solana NFTs within the platform. The addition of this feature will allow creators to earn from their designs.<\/p>\n\n\n\n

The feature is only available to creators who have a Phantom Wallet<\/a> connected to their Behance accounts, and are hosted by QuickNode<\/a>. Once this is done, creators can showcase various NFTs from the Solana blockchain on their profiles. <\/p>\n\n\n\n

Adobes Vice President, William Allen, stated that although there are features to implement Ethereum NFTs on the Behance platform already, creators may not want to use Ethereum due to the high gas fees<\/a>. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/williamallen\/status\/1500858469447917571?s=21\n<\/div><\/figure>\n\n\n\n

In turn, Allen addresses<\/a> that \u201cA single transaction on Solana uses less energy than two google searches and costs a fraction of a penny\u201d insisting that it may be a better alternative for some creators. <\/p>\n\n\n\n

\"\"<\/a>
Solanas 1 Day Price Tracker \/ Source - CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

Notes On The Collaborators <\/h2>\n\n\n\n

Phantom Wallet was quick to regard this as a \u201chuge\u201d collaboration for Solana and their emerging creator economy. The low cost and eco friendly nature of Solana will allow a larger range of artists the ability to experiment with NFTs. Allen stated<\/a> on Twitter that Solana will be added to the \u2019Content Credentials\u2019 tool in photoshop, allowing creators to publish NFTs from photoshop ensuring that the work stays their work. <\/p>\n\n\n\n

QuickNode which rented the space within the mainnet of Solana to Adobe is the leading Solana node provider, sustaining over 50% of the entire nodes on the network. No official statement has been released by the team yet. <\/p>\n","post_title":"Solana NFTs To Be Integrated Within Behance","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"solana-nfts-to-be-integrated-within-behance","to_ping":"","pinged":"","post_modified":"2023-04-11 12:51:53","post_modified_gmt":"2023-04-11 02:51:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4003","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3933,"post_author":"1","post_date":"2022-03-14 22:44:23","post_date_gmt":"2022-03-14 11:44:23","post_content":"\n

EtherRock #44, an NFT<\/a> valued at around US$1,000,000 was accidentally listed<\/a> for 444 Wei<\/a> (>US$0.0000001), rather than 444 Ether (US$1,151,000).<\/p>\n\n\n\n

Former owner Dino, posted about the unfortunate event on Twitter.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501802006364635139?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1501802006364635139%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.tronweekly.com%2F1m-worth-rock-nft-sells-for-under-a-penny%2F\n<\/div><\/figure>\n\n\n\n

The EtherRock was instantly purchased<\/a> and relisted by a bot, within the same block, with Dino requesting<\/a> an Etherscan refund. This has so far been unsuccessful. <\/p>\n\n\n\n

Although a very costly mistake, Dino has made his peace with the situation, agreeing it was more of an \"easy come, easy go\" situation. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501897330353934337\n<\/div><\/figure>\n\n\n\n

\"They say it is better to have rocked and lost rock than to have never rocked at all.\"<\/em><\/p>HiddenGnome on Twitter<\/a><\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"EtherRock Worth $1M Sold For A Fraction Of A Cent","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"etherrock-worth-1m-sold-for-a-fraction-of-a-cent","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/wei\/","post_modified":"2023-04-11 12:52:09","post_modified_gmt":"2023-04-11 02:52:09","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3933","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3890,"post_author":"1","post_date":"2022-03-13 19:50:24","post_date_gmt":"2022-03-13 08:50:24","post_content":"\n

Yuga Labs, the company behind the Bored Ape Yacht Club NFT collection, has acquired CryptoPunks and Meebits from fellow developer Larva Labs.<\/p>\n\n\n\n

A joint<\/a> announcement<\/a> was made by Larva Labs and Yuga Labs on Twitter<\/a> on Friday evening.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/yugalabs\/status\/1502420714527334406?s=20&t=IyM-KDtJPh0WaI5XPfA10A\n<\/div><\/figure>\n\n\n\n

Yuga Labs \"now own the brands, copyright in the art, and other IP rights for both collections, along with 423 CryptoPunks and 1711 Meebits\" according to their announcement. This means that they own both the 1st<\/a> and 2nd<\/a> most valuable NFT collections on the market.<\/p>\n\n\n\n

Yuga Labs plans to grant the commercial rights to all CryptoPunk and Meebit NFTs to their owners, as has been done for BAYC owners. This still means that Yuga Labs owns the collection and will \"be building the overall brand right alongside them\", but each NFT owner can monetize their specific ape.<\/p>\n\n\n\n

\"It\u2019s been amazing to watch the BAYC ecosystem use their rights to collaborate and build awesome shit we never could have dreamed up. We can\u2019t wait to see the Cryptopunks and Meebits communities do the same.<\/em>\"<\/p>Yuga Labs on Twitter<\/a><\/cite><\/blockquote>\n","post_title":"BAYC's Yuga Labs Acquires Rights To CryptoPunks And Meebits","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"baycs-yuga-labs-acquires-rights-to-cryptopunks-and-meebits","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:28","post_modified_gmt":"2022-03-14 10:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 5

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\n
\nhttps:\/\/twitter.com\/hmtreasury\/status\/1510971092072079360?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1510971092072079360%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thedistributed.co%2Fwp-admin%2Fpost.php%3Fpost%3D4202action%3Dedit\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the adoption of <\/a>stablecoins<\/a> by the UK government<\/a>. The UK will proactively explore the potentially transformative benefits of\u00a0Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

\"We think that by making this country a hospitable place for crypto we can attract investment, generate swathes of new jobs, and create a wave of ground-breaking new products and services. We\u2019re on the cusp of something important. We have the opportunity to shape and lead it. And that is what we\u2019ll do.<\/em>\"<\/p>John Glen, Economic Secretary to the Treasury<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"UK Government Plans The 'Royal Mint NFT'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-plans-the-royal-mint-nft","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-04-24 23:19:34","post_modified_gmt":"2022-04-24 13:19:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4202","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/wongmjane\/status\/1486077324630302721\n<\/div><\/figure>\n\n\n\n

Solana is a Layer 1<\/a> blockchain, like Ethereum. Although, Solana uses Proof-of-History<\/a> as its consensus mechanism compared to Ethereum's Proof-of-Work. This allows Solana to have a throughput of 60,000 transactions per second, compared to Ethereum's current 15 transactions per second. This would make Solana a cheaper network to use, with much lower gas fees<\/a> compared with a blockchain like Ethereum.<\/p>\n\n\n\n

Solana is up 11.23% today at a price of $124.14, with a 24-hour trading volume of $3,860,298,289 USD.<\/p>\n\n\n\n

\"Solana
Solana Price Data on 31st March - Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"OpenSea To Support Solana NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"opensea-to-support-solana-nfts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/blockchain-essentials-application-layer-protocols\/","post_modified":"2023-04-11 12:49:54","post_modified_gmt":"2023-04-11 02:49:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4175","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4087,"post_author":"1","post_date":"2022-03-24 23:37:18","post_date_gmt":"2022-03-24 12:37:18","post_content":"\n

In a\u00a0blog post<\/a>\u00a0by Loopring's head of growth, Adam Browman states that \"the GameStop NFT Marketplace has taken its first steps to welcome users, and it is built atop Loopring!\"<\/p>\n\n\n\n

Browman believes that the project \"has the potential to cement itself at the forefront of this new paradigm and become the destination for global digital economies.\" The blog post states that users can get early access to the project now to set up usernames and profiles, as well as make their first deposits.<\/p>\n\n\n\n

GameStop and NFTs<\/h2>\n\n\n\n

Rumors circulating since November\u00a0suggested that Loopring might be working with GameStop on a metaverse-related project. The Wall Street Journal\u00a0reported<\/a> in January\u00a0that GameStop was planning to build a new team focused on NFTs.<\/p>\n\n\n\n

Soon after that announcement, GameStop mentioned Immuntable X as their primary partner for the project. Despite this fact, Loopring was mentioned<\/a> at the time in an SEC filing<\/a>.<\/p>\n\n\n\n

According to an article from Decrypt<\/a>, there has been a lot of confusion on the topic and who is powering the NFT marketplace. It turns out that both Loopring and Immutable X are powering the NFT plans of GameStop. Although Immutable X tweeted<\/a> in a thread how they are the \"preferred partner\".<\/p>\n\n\n\n

Immutable mentioned the Loopring integration \u201cwas not a surprise (and we welcome them!).\" The marketplace will act as an aggregator across NFT minting platforms. Although, it appears that Immutable X will receive the most focus on the marketplace being the \"preferred partner\".<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Immutable\/status\/1506596126677295108\n<\/div><\/figure>\n\n\n\n

Since the announcement, $LRC<\/a>, the native token of Layer 2 blockchain<\/a> Loopring has soared over 35% to a high of $1.21. Although it is now trading steadily at $1.09. Loopring is currently sitting at a market cap of US$1.46 billion, according to data from CoinMarketCap.<\/p>\n\n\n\n

$IMX<\/a>, the token on the Immutable X blockchain is down 8.9% in the past 24 hours, trading at $2.19, according to data from CoinMarketCap.<\/p>\n\n\n\n

The other company in the mix, GameStop also had a huge day seeing a 14.5% gain to $141 in GME<\/a> stocks. Over 24 million GME shares were traded today alone. <\/p>\n","post_title":"GameStop NFT Marketplace Has Entered Beta, Integrated With Loopring","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"gamestop-nft-marketplace-has-entered-beta-integrated-with-loopring","to_ping":"","pinged":"","post_modified":"2022-03-24 23:37:42","post_modified_gmt":"2022-03-24 12:37:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4087","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4089,"post_author":"1","post_date":"2022-03-24 22:46:11","post_date_gmt":"2022-03-24 11:46:11","post_content":"\n

Floyd \u2019Money\u2019 Mayweather has re-entered the world of cryptocurrency with the announcement of his 2nd NFT project, dubbed Mayweverse. <\/p>\n\n\n\n

The project will consist of 5 different NFTs, each NFT will have 1000 copies available to mint. Every card has its own rarity, utility, and prizes. <\/p>\n\n\n\n

Despite how good it may sounds, Twitter users were quick to criticize. Floyd was reminded<\/a> of his previous NFT project<\/a>, which made him nearly US$5 million and is now worthless. \u201cYou already have an NFT project, it\u2019s called @RealFloydNFT. You released it last year and then stopped working on it immediately after. Have you been punched in the head so much that you\u2019re forgetting these things now?\u201d<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Berke_eth\/status\/1506051809542037506\n<\/div><\/figure>\n\n\n\n

Users were quick to call his bluff<\/a>. Floyd states that he has been working on this for months, although the twitter handle @mayweverse<\/a> was created this month. <\/p>\n\n\n\n

Coffezilla, known for calling out rug pulls and scams within the industry tweeted<\/a> his thoughts on the NFT project. He states \"Floyd Mayweather is frantically deleting evidence of his last NFT scam. He's getting roasted by the investors.\" <\/p>\n\n\n\n

Will this NFT collection follow in the footsteps of his previous NFT collection and be abandoned, or will he stick by his word?<\/p>\n","post_title":"Floyd Mayweather Re-enters The World Of Crypto With \u2018Mayweverse\u2019 NFT Project","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"floyd-mayweather-re-enters-the-world-of-crypto-with-mayweverse-nft-project","to_ping":"","pinged":"","post_modified":"2022-03-24 23:37:53","post_modified_gmt":"2022-03-24 12:37:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4089","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4003,"post_author":"1","post_date":"2022-03-21 15:25:03","post_date_gmt":"2022-03-21 04:25:03","post_content":"\n

Adobe-backed creative showcase platform Behance<\/a> to showcase Solana NFTs within the platform. The addition of this feature will allow creators to earn from their designs.<\/p>\n\n\n\n

The feature is only available to creators who have a Phantom Wallet<\/a> connected to their Behance accounts, and are hosted by QuickNode<\/a>. Once this is done, creators can showcase various NFTs from the Solana blockchain on their profiles. <\/p>\n\n\n\n

Adobes Vice President, William Allen, stated that although there are features to implement Ethereum NFTs on the Behance platform already, creators may not want to use Ethereum due to the high gas fees<\/a>. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/williamallen\/status\/1500858469447917571?s=21\n<\/div><\/figure>\n\n\n\n

In turn, Allen addresses<\/a> that \u201cA single transaction on Solana uses less energy than two google searches and costs a fraction of a penny\u201d insisting that it may be a better alternative for some creators. <\/p>\n\n\n\n

\"\"<\/a>
Solanas 1 Day Price Tracker \/ Source - CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

Notes On The Collaborators <\/h2>\n\n\n\n

Phantom Wallet was quick to regard this as a \u201chuge\u201d collaboration for Solana and their emerging creator economy. The low cost and eco friendly nature of Solana will allow a larger range of artists the ability to experiment with NFTs. Allen stated<\/a> on Twitter that Solana will be added to the \u2019Content Credentials\u2019 tool in photoshop, allowing creators to publish NFTs from photoshop ensuring that the work stays their work. <\/p>\n\n\n\n

QuickNode which rented the space within the mainnet of Solana to Adobe is the leading Solana node provider, sustaining over 50% of the entire nodes on the network. No official statement has been released by the team yet. <\/p>\n","post_title":"Solana NFTs To Be Integrated Within Behance","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"solana-nfts-to-be-integrated-within-behance","to_ping":"","pinged":"","post_modified":"2023-04-11 12:51:53","post_modified_gmt":"2023-04-11 02:51:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4003","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3933,"post_author":"1","post_date":"2022-03-14 22:44:23","post_date_gmt":"2022-03-14 11:44:23","post_content":"\n

EtherRock #44, an NFT<\/a> valued at around US$1,000,000 was accidentally listed<\/a> for 444 Wei<\/a> (>US$0.0000001), rather than 444 Ether (US$1,151,000).<\/p>\n\n\n\n

Former owner Dino, posted about the unfortunate event on Twitter.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501802006364635139?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1501802006364635139%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.tronweekly.com%2F1m-worth-rock-nft-sells-for-under-a-penny%2F\n<\/div><\/figure>\n\n\n\n

The EtherRock was instantly purchased<\/a> and relisted by a bot, within the same block, with Dino requesting<\/a> an Etherscan refund. This has so far been unsuccessful. <\/p>\n\n\n\n

Although a very costly mistake, Dino has made his peace with the situation, agreeing it was more of an \"easy come, easy go\" situation. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501897330353934337\n<\/div><\/figure>\n\n\n\n

\"They say it is better to have rocked and lost rock than to have never rocked at all.\"<\/em><\/p>HiddenGnome on Twitter<\/a><\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"EtherRock Worth $1M Sold For A Fraction Of A Cent","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"etherrock-worth-1m-sold-for-a-fraction-of-a-cent","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/wei\/","post_modified":"2023-04-11 12:52:09","post_modified_gmt":"2023-04-11 02:52:09","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3933","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3890,"post_author":"1","post_date":"2022-03-13 19:50:24","post_date_gmt":"2022-03-13 08:50:24","post_content":"\n

Yuga Labs, the company behind the Bored Ape Yacht Club NFT collection, has acquired CryptoPunks and Meebits from fellow developer Larva Labs.<\/p>\n\n\n\n

A joint<\/a> announcement<\/a> was made by Larva Labs and Yuga Labs on Twitter<\/a> on Friday evening.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/yugalabs\/status\/1502420714527334406?s=20&t=IyM-KDtJPh0WaI5XPfA10A\n<\/div><\/figure>\n\n\n\n

Yuga Labs \"now own the brands, copyright in the art, and other IP rights for both collections, along with 423 CryptoPunks and 1711 Meebits\" according to their announcement. This means that they own both the 1st<\/a> and 2nd<\/a> most valuable NFT collections on the market.<\/p>\n\n\n\n

Yuga Labs plans to grant the commercial rights to all CryptoPunk and Meebit NFTs to their owners, as has been done for BAYC owners. This still means that Yuga Labs owns the collection and will \"be building the overall brand right alongside them\", but each NFT owner can monetize their specific ape.<\/p>\n\n\n\n

\"It\u2019s been amazing to watch the BAYC ecosystem use their rights to collaborate and build awesome shit we never could have dreamed up. We can\u2019t wait to see the Cryptopunks and Meebits communities do the same.<\/em>\"<\/p>Yuga Labs on Twitter<\/a><\/cite><\/blockquote>\n","post_title":"BAYC's Yuga Labs Acquires Rights To CryptoPunks And Meebits","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"baycs-yuga-labs-acquires-rights-to-cryptopunks-and-meebits","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:28","post_modified_gmt":"2022-03-14 10:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 5

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Economic Secretary to the Treasury John Glen stated<\/a> in a keynote speech the Royal Mint NFT collection will be \"an emblem of the forward-looking approach we are determined to take\"<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/hmtreasury\/status\/1510971092072079360?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1510971092072079360%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thedistributed.co%2Fwp-admin%2Fpost.php%3Fpost%3D4202action%3Dedit\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the adoption of <\/a>stablecoins<\/a> by the UK government<\/a>. The UK will proactively explore the potentially transformative benefits of\u00a0Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

\"We think that by making this country a hospitable place for crypto we can attract investment, generate swathes of new jobs, and create a wave of ground-breaking new products and services. We\u2019re on the cusp of something important. We have the opportunity to shape and lead it. And that is what we\u2019ll do.<\/em>\"<\/p>John Glen, Economic Secretary to the Treasury<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"UK Government Plans The 'Royal Mint NFT'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-plans-the-royal-mint-nft","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-04-24 23:19:34","post_modified_gmt":"2022-04-24 13:19:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4202","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/wongmjane\/status\/1486077324630302721\n<\/div><\/figure>\n\n\n\n

Solana is a Layer 1<\/a> blockchain, like Ethereum. Although, Solana uses Proof-of-History<\/a> as its consensus mechanism compared to Ethereum's Proof-of-Work. This allows Solana to have a throughput of 60,000 transactions per second, compared to Ethereum's current 15 transactions per second. This would make Solana a cheaper network to use, with much lower gas fees<\/a> compared with a blockchain like Ethereum.<\/p>\n\n\n\n

Solana is up 11.23% today at a price of $124.14, with a 24-hour trading volume of $3,860,298,289 USD.<\/p>\n\n\n\n

\"Solana
Solana Price Data on 31st March - Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"OpenSea To Support Solana NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"opensea-to-support-solana-nfts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/blockchain-essentials-application-layer-protocols\/","post_modified":"2023-04-11 12:49:54","post_modified_gmt":"2023-04-11 02:49:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4175","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4087,"post_author":"1","post_date":"2022-03-24 23:37:18","post_date_gmt":"2022-03-24 12:37:18","post_content":"\n

In a\u00a0blog post<\/a>\u00a0by Loopring's head of growth, Adam Browman states that \"the GameStop NFT Marketplace has taken its first steps to welcome users, and it is built atop Loopring!\"<\/p>\n\n\n\n

Browman believes that the project \"has the potential to cement itself at the forefront of this new paradigm and become the destination for global digital economies.\" The blog post states that users can get early access to the project now to set up usernames and profiles, as well as make their first deposits.<\/p>\n\n\n\n

GameStop and NFTs<\/h2>\n\n\n\n

Rumors circulating since November\u00a0suggested that Loopring might be working with GameStop on a metaverse-related project. The Wall Street Journal\u00a0reported<\/a> in January\u00a0that GameStop was planning to build a new team focused on NFTs.<\/p>\n\n\n\n

Soon after that announcement, GameStop mentioned Immuntable X as their primary partner for the project. Despite this fact, Loopring was mentioned<\/a> at the time in an SEC filing<\/a>.<\/p>\n\n\n\n

According to an article from Decrypt<\/a>, there has been a lot of confusion on the topic and who is powering the NFT marketplace. It turns out that both Loopring and Immutable X are powering the NFT plans of GameStop. Although Immutable X tweeted<\/a> in a thread how they are the \"preferred partner\".<\/p>\n\n\n\n

Immutable mentioned the Loopring integration \u201cwas not a surprise (and we welcome them!).\" The marketplace will act as an aggregator across NFT minting platforms. Although, it appears that Immutable X will receive the most focus on the marketplace being the \"preferred partner\".<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Immutable\/status\/1506596126677295108\n<\/div><\/figure>\n\n\n\n

Since the announcement, $LRC<\/a>, the native token of Layer 2 blockchain<\/a> Loopring has soared over 35% to a high of $1.21. Although it is now trading steadily at $1.09. Loopring is currently sitting at a market cap of US$1.46 billion, according to data from CoinMarketCap.<\/p>\n\n\n\n

$IMX<\/a>, the token on the Immutable X blockchain is down 8.9% in the past 24 hours, trading at $2.19, according to data from CoinMarketCap.<\/p>\n\n\n\n

The other company in the mix, GameStop also had a huge day seeing a 14.5% gain to $141 in GME<\/a> stocks. Over 24 million GME shares were traded today alone. <\/p>\n","post_title":"GameStop NFT Marketplace Has Entered Beta, Integrated With Loopring","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"gamestop-nft-marketplace-has-entered-beta-integrated-with-loopring","to_ping":"","pinged":"","post_modified":"2022-03-24 23:37:42","post_modified_gmt":"2022-03-24 12:37:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4087","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4089,"post_author":"1","post_date":"2022-03-24 22:46:11","post_date_gmt":"2022-03-24 11:46:11","post_content":"\n

Floyd \u2019Money\u2019 Mayweather has re-entered the world of cryptocurrency with the announcement of his 2nd NFT project, dubbed Mayweverse. <\/p>\n\n\n\n

The project will consist of 5 different NFTs, each NFT will have 1000 copies available to mint. Every card has its own rarity, utility, and prizes. <\/p>\n\n\n\n

Despite how good it may sounds, Twitter users were quick to criticize. Floyd was reminded<\/a> of his previous NFT project<\/a>, which made him nearly US$5 million and is now worthless. \u201cYou already have an NFT project, it\u2019s called @RealFloydNFT. You released it last year and then stopped working on it immediately after. Have you been punched in the head so much that you\u2019re forgetting these things now?\u201d<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Berke_eth\/status\/1506051809542037506\n<\/div><\/figure>\n\n\n\n

Users were quick to call his bluff<\/a>. Floyd states that he has been working on this for months, although the twitter handle @mayweverse<\/a> was created this month. <\/p>\n\n\n\n

Coffezilla, known for calling out rug pulls and scams within the industry tweeted<\/a> his thoughts on the NFT project. He states \"Floyd Mayweather is frantically deleting evidence of his last NFT scam. He's getting roasted by the investors.\" <\/p>\n\n\n\n

Will this NFT collection follow in the footsteps of his previous NFT collection and be abandoned, or will he stick by his word?<\/p>\n","post_title":"Floyd Mayweather Re-enters The World Of Crypto With \u2018Mayweverse\u2019 NFT Project","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"floyd-mayweather-re-enters-the-world-of-crypto-with-mayweverse-nft-project","to_ping":"","pinged":"","post_modified":"2022-03-24 23:37:53","post_modified_gmt":"2022-03-24 12:37:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4089","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4003,"post_author":"1","post_date":"2022-03-21 15:25:03","post_date_gmt":"2022-03-21 04:25:03","post_content":"\n

Adobe-backed creative showcase platform Behance<\/a> to showcase Solana NFTs within the platform. The addition of this feature will allow creators to earn from their designs.<\/p>\n\n\n\n

The feature is only available to creators who have a Phantom Wallet<\/a> connected to their Behance accounts, and are hosted by QuickNode<\/a>. Once this is done, creators can showcase various NFTs from the Solana blockchain on their profiles. <\/p>\n\n\n\n

Adobes Vice President, William Allen, stated that although there are features to implement Ethereum NFTs on the Behance platform already, creators may not want to use Ethereum due to the high gas fees<\/a>. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/williamallen\/status\/1500858469447917571?s=21\n<\/div><\/figure>\n\n\n\n

In turn, Allen addresses<\/a> that \u201cA single transaction on Solana uses less energy than two google searches and costs a fraction of a penny\u201d insisting that it may be a better alternative for some creators. <\/p>\n\n\n\n

\"\"<\/a>
Solanas 1 Day Price Tracker \/ Source - CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

Notes On The Collaborators <\/h2>\n\n\n\n

Phantom Wallet was quick to regard this as a \u201chuge\u201d collaboration for Solana and their emerging creator economy. The low cost and eco friendly nature of Solana will allow a larger range of artists the ability to experiment with NFTs. Allen stated<\/a> on Twitter that Solana will be added to the \u2019Content Credentials\u2019 tool in photoshop, allowing creators to publish NFTs from photoshop ensuring that the work stays their work. <\/p>\n\n\n\n

QuickNode which rented the space within the mainnet of Solana to Adobe is the leading Solana node provider, sustaining over 50% of the entire nodes on the network. No official statement has been released by the team yet. <\/p>\n","post_title":"Solana NFTs To Be Integrated Within Behance","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"solana-nfts-to-be-integrated-within-behance","to_ping":"","pinged":"","post_modified":"2023-04-11 12:51:53","post_modified_gmt":"2023-04-11 02:51:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4003","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3933,"post_author":"1","post_date":"2022-03-14 22:44:23","post_date_gmt":"2022-03-14 11:44:23","post_content":"\n

EtherRock #44, an NFT<\/a> valued at around US$1,000,000 was accidentally listed<\/a> for 444 Wei<\/a> (>US$0.0000001), rather than 444 Ether (US$1,151,000).<\/p>\n\n\n\n

Former owner Dino, posted about the unfortunate event on Twitter.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501802006364635139?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1501802006364635139%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.tronweekly.com%2F1m-worth-rock-nft-sells-for-under-a-penny%2F\n<\/div><\/figure>\n\n\n\n

The EtherRock was instantly purchased<\/a> and relisted by a bot, within the same block, with Dino requesting<\/a> an Etherscan refund. This has so far been unsuccessful. <\/p>\n\n\n\n

Although a very costly mistake, Dino has made his peace with the situation, agreeing it was more of an \"easy come, easy go\" situation. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501897330353934337\n<\/div><\/figure>\n\n\n\n

\"They say it is better to have rocked and lost rock than to have never rocked at all.\"<\/em><\/p>HiddenGnome on Twitter<\/a><\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"EtherRock Worth $1M Sold For A Fraction Of A Cent","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"etherrock-worth-1m-sold-for-a-fraction-of-a-cent","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/wei\/","post_modified":"2023-04-11 12:52:09","post_modified_gmt":"2023-04-11 02:52:09","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3933","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3890,"post_author":"1","post_date":"2022-03-13 19:50:24","post_date_gmt":"2022-03-13 08:50:24","post_content":"\n

Yuga Labs, the company behind the Bored Ape Yacht Club NFT collection, has acquired CryptoPunks and Meebits from fellow developer Larva Labs.<\/p>\n\n\n\n

A joint<\/a> announcement<\/a> was made by Larva Labs and Yuga Labs on Twitter<\/a> on Friday evening.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/yugalabs\/status\/1502420714527334406?s=20&t=IyM-KDtJPh0WaI5XPfA10A\n<\/div><\/figure>\n\n\n\n

Yuga Labs \"now own the brands, copyright in the art, and other IP rights for both collections, along with 423 CryptoPunks and 1711 Meebits\" according to their announcement. This means that they own both the 1st<\/a> and 2nd<\/a> most valuable NFT collections on the market.<\/p>\n\n\n\n

Yuga Labs plans to grant the commercial rights to all CryptoPunk and Meebit NFTs to their owners, as has been done for BAYC owners. This still means that Yuga Labs owns the collection and will \"be building the overall brand right alongside them\", but each NFT owner can monetize their specific ape.<\/p>\n\n\n\n

\"It\u2019s been amazing to watch the BAYC ecosystem use their rights to collaborate and build awesome shit we never could have dreamed up. We can\u2019t wait to see the Cryptopunks and Meebits communities do the same.<\/em>\"<\/p>Yuga Labs on Twitter<\/a><\/cite><\/blockquote>\n","post_title":"BAYC's Yuga Labs Acquires Rights To CryptoPunks And Meebits","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"baycs-yuga-labs-acquires-rights-to-cryptopunks-and-meebits","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:28","post_modified_gmt":"2022-03-14 10:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 5

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Chancellor of the Exchequer (national treasury) Rishi Sunak has asked the U.K's Royal Mint to produce an NFT in the following months prior to summer.<\/p>\n\n\n\n

Economic Secretary to the Treasury John Glen stated<\/a> in a keynote speech the Royal Mint NFT collection will be \"an emblem of the forward-looking approach we are determined to take\"<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/hmtreasury\/status\/1510971092072079360?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1510971092072079360%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thedistributed.co%2Fwp-admin%2Fpost.php%3Fpost%3D4202action%3Dedit\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the adoption of <\/a>stablecoins<\/a> by the UK government<\/a>. The UK will proactively explore the potentially transformative benefits of\u00a0Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

\"We think that by making this country a hospitable place for crypto we can attract investment, generate swathes of new jobs, and create a wave of ground-breaking new products and services. We\u2019re on the cusp of something important. We have the opportunity to shape and lead it. And that is what we\u2019ll do.<\/em>\"<\/p>John Glen, Economic Secretary to the Treasury<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"UK Government Plans The 'Royal Mint NFT'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-plans-the-royal-mint-nft","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-04-24 23:19:34","post_modified_gmt":"2022-04-24 13:19:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4202","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/wongmjane\/status\/1486077324630302721\n<\/div><\/figure>\n\n\n\n

Solana is a Layer 1<\/a> blockchain, like Ethereum. Although, Solana uses Proof-of-History<\/a> as its consensus mechanism compared to Ethereum's Proof-of-Work. This allows Solana to have a throughput of 60,000 transactions per second, compared to Ethereum's current 15 transactions per second. This would make Solana a cheaper network to use, with much lower gas fees<\/a> compared with a blockchain like Ethereum.<\/p>\n\n\n\n

Solana is up 11.23% today at a price of $124.14, with a 24-hour trading volume of $3,860,298,289 USD.<\/p>\n\n\n\n

\"Solana
Solana Price Data on 31st March - Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"OpenSea To Support Solana NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"opensea-to-support-solana-nfts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/blockchain-essentials-application-layer-protocols\/","post_modified":"2023-04-11 12:49:54","post_modified_gmt":"2023-04-11 02:49:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4175","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4087,"post_author":"1","post_date":"2022-03-24 23:37:18","post_date_gmt":"2022-03-24 12:37:18","post_content":"\n

In a\u00a0blog post<\/a>\u00a0by Loopring's head of growth, Adam Browman states that \"the GameStop NFT Marketplace has taken its first steps to welcome users, and it is built atop Loopring!\"<\/p>\n\n\n\n

Browman believes that the project \"has the potential to cement itself at the forefront of this new paradigm and become the destination for global digital economies.\" The blog post states that users can get early access to the project now to set up usernames and profiles, as well as make their first deposits.<\/p>\n\n\n\n

GameStop and NFTs<\/h2>\n\n\n\n

Rumors circulating since November\u00a0suggested that Loopring might be working with GameStop on a metaverse-related project. The Wall Street Journal\u00a0reported<\/a> in January\u00a0that GameStop was planning to build a new team focused on NFTs.<\/p>\n\n\n\n

Soon after that announcement, GameStop mentioned Immuntable X as their primary partner for the project. Despite this fact, Loopring was mentioned<\/a> at the time in an SEC filing<\/a>.<\/p>\n\n\n\n

According to an article from Decrypt<\/a>, there has been a lot of confusion on the topic and who is powering the NFT marketplace. It turns out that both Loopring and Immutable X are powering the NFT plans of GameStop. Although Immutable X tweeted<\/a> in a thread how they are the \"preferred partner\".<\/p>\n\n\n\n

Immutable mentioned the Loopring integration \u201cwas not a surprise (and we welcome them!).\" The marketplace will act as an aggregator across NFT minting platforms. Although, it appears that Immutable X will receive the most focus on the marketplace being the \"preferred partner\".<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Immutable\/status\/1506596126677295108\n<\/div><\/figure>\n\n\n\n

Since the announcement, $LRC<\/a>, the native token of Layer 2 blockchain<\/a> Loopring has soared over 35% to a high of $1.21. Although it is now trading steadily at $1.09. Loopring is currently sitting at a market cap of US$1.46 billion, according to data from CoinMarketCap.<\/p>\n\n\n\n

$IMX<\/a>, the token on the Immutable X blockchain is down 8.9% in the past 24 hours, trading at $2.19, according to data from CoinMarketCap.<\/p>\n\n\n\n

The other company in the mix, GameStop also had a huge day seeing a 14.5% gain to $141 in GME<\/a> stocks. Over 24 million GME shares were traded today alone. <\/p>\n","post_title":"GameStop NFT Marketplace Has Entered Beta, Integrated With Loopring","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"gamestop-nft-marketplace-has-entered-beta-integrated-with-loopring","to_ping":"","pinged":"","post_modified":"2022-03-24 23:37:42","post_modified_gmt":"2022-03-24 12:37:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4087","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4089,"post_author":"1","post_date":"2022-03-24 22:46:11","post_date_gmt":"2022-03-24 11:46:11","post_content":"\n

Floyd \u2019Money\u2019 Mayweather has re-entered the world of cryptocurrency with the announcement of his 2nd NFT project, dubbed Mayweverse. <\/p>\n\n\n\n

The project will consist of 5 different NFTs, each NFT will have 1000 copies available to mint. Every card has its own rarity, utility, and prizes. <\/p>\n\n\n\n

Despite how good it may sounds, Twitter users were quick to criticize. Floyd was reminded<\/a> of his previous NFT project<\/a>, which made him nearly US$5 million and is now worthless. \u201cYou already have an NFT project, it\u2019s called @RealFloydNFT. You released it last year and then stopped working on it immediately after. Have you been punched in the head so much that you\u2019re forgetting these things now?\u201d<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Berke_eth\/status\/1506051809542037506\n<\/div><\/figure>\n\n\n\n

Users were quick to call his bluff<\/a>. Floyd states that he has been working on this for months, although the twitter handle @mayweverse<\/a> was created this month. <\/p>\n\n\n\n

Coffezilla, known for calling out rug pulls and scams within the industry tweeted<\/a> his thoughts on the NFT project. He states \"Floyd Mayweather is frantically deleting evidence of his last NFT scam. He's getting roasted by the investors.\" <\/p>\n\n\n\n

Will this NFT collection follow in the footsteps of his previous NFT collection and be abandoned, or will he stick by his word?<\/p>\n","post_title":"Floyd Mayweather Re-enters The World Of Crypto With \u2018Mayweverse\u2019 NFT Project","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"floyd-mayweather-re-enters-the-world-of-crypto-with-mayweverse-nft-project","to_ping":"","pinged":"","post_modified":"2022-03-24 23:37:53","post_modified_gmt":"2022-03-24 12:37:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4089","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4003,"post_author":"1","post_date":"2022-03-21 15:25:03","post_date_gmt":"2022-03-21 04:25:03","post_content":"\n

Adobe-backed creative showcase platform Behance<\/a> to showcase Solana NFTs within the platform. The addition of this feature will allow creators to earn from their designs.<\/p>\n\n\n\n

The feature is only available to creators who have a Phantom Wallet<\/a> connected to their Behance accounts, and are hosted by QuickNode<\/a>. Once this is done, creators can showcase various NFTs from the Solana blockchain on their profiles. <\/p>\n\n\n\n

Adobes Vice President, William Allen, stated that although there are features to implement Ethereum NFTs on the Behance platform already, creators may not want to use Ethereum due to the high gas fees<\/a>. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/williamallen\/status\/1500858469447917571?s=21\n<\/div><\/figure>\n\n\n\n

In turn, Allen addresses<\/a> that \u201cA single transaction on Solana uses less energy than two google searches and costs a fraction of a penny\u201d insisting that it may be a better alternative for some creators. <\/p>\n\n\n\n

\"\"<\/a>
Solanas 1 Day Price Tracker \/ Source - CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

Notes On The Collaborators <\/h2>\n\n\n\n

Phantom Wallet was quick to regard this as a \u201chuge\u201d collaboration for Solana and their emerging creator economy. The low cost and eco friendly nature of Solana will allow a larger range of artists the ability to experiment with NFTs. Allen stated<\/a> on Twitter that Solana will be added to the \u2019Content Credentials\u2019 tool in photoshop, allowing creators to publish NFTs from photoshop ensuring that the work stays their work. <\/p>\n\n\n\n

QuickNode which rented the space within the mainnet of Solana to Adobe is the leading Solana node provider, sustaining over 50% of the entire nodes on the network. No official statement has been released by the team yet. <\/p>\n","post_title":"Solana NFTs To Be Integrated Within Behance","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"solana-nfts-to-be-integrated-within-behance","to_ping":"","pinged":"","post_modified":"2023-04-11 12:51:53","post_modified_gmt":"2023-04-11 02:51:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4003","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3933,"post_author":"1","post_date":"2022-03-14 22:44:23","post_date_gmt":"2022-03-14 11:44:23","post_content":"\n

EtherRock #44, an NFT<\/a> valued at around US$1,000,000 was accidentally listed<\/a> for 444 Wei<\/a> (>US$0.0000001), rather than 444 Ether (US$1,151,000).<\/p>\n\n\n\n

Former owner Dino, posted about the unfortunate event on Twitter.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501802006364635139?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1501802006364635139%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.tronweekly.com%2F1m-worth-rock-nft-sells-for-under-a-penny%2F\n<\/div><\/figure>\n\n\n\n

The EtherRock was instantly purchased<\/a> and relisted by a bot, within the same block, with Dino requesting<\/a> an Etherscan refund. This has so far been unsuccessful. <\/p>\n\n\n\n

Although a very costly mistake, Dino has made his peace with the situation, agreeing it was more of an \"easy come, easy go\" situation. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501897330353934337\n<\/div><\/figure>\n\n\n\n

\"They say it is better to have rocked and lost rock than to have never rocked at all.\"<\/em><\/p>HiddenGnome on Twitter<\/a><\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"EtherRock Worth $1M Sold For A Fraction Of A Cent","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"etherrock-worth-1m-sold-for-a-fraction-of-a-cent","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/wei\/","post_modified":"2023-04-11 12:52:09","post_modified_gmt":"2023-04-11 02:52:09","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3933","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3890,"post_author":"1","post_date":"2022-03-13 19:50:24","post_date_gmt":"2022-03-13 08:50:24","post_content":"\n

Yuga Labs, the company behind the Bored Ape Yacht Club NFT collection, has acquired CryptoPunks and Meebits from fellow developer Larva Labs.<\/p>\n\n\n\n

A joint<\/a> announcement<\/a> was made by Larva Labs and Yuga Labs on Twitter<\/a> on Friday evening.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/yugalabs\/status\/1502420714527334406?s=20&t=IyM-KDtJPh0WaI5XPfA10A\n<\/div><\/figure>\n\n\n\n

Yuga Labs \"now own the brands, copyright in the art, and other IP rights for both collections, along with 423 CryptoPunks and 1711 Meebits\" according to their announcement. This means that they own both the 1st<\/a> and 2nd<\/a> most valuable NFT collections on the market.<\/p>\n\n\n\n

Yuga Labs plans to grant the commercial rights to all CryptoPunk and Meebit NFTs to their owners, as has been done for BAYC owners. This still means that Yuga Labs owns the collection and will \"be building the overall brand right alongside them\", but each NFT owner can monetize their specific ape.<\/p>\n\n\n\n

\"It\u2019s been amazing to watch the BAYC ecosystem use their rights to collaborate and build awesome shit we never could have dreamed up. We can\u2019t wait to see the Cryptopunks and Meebits communities do the same.<\/em>\"<\/p>Yuga Labs on Twitter<\/a><\/cite><\/blockquote>\n","post_title":"BAYC's Yuga Labs Acquires Rights To CryptoPunks And Meebits","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"baycs-yuga-labs-acquires-rights-to-cryptopunks-and-meebits","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:28","post_modified_gmt":"2022-03-14 10:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n

The United Kingdom government has announced plans to release a non-fungible token (NFT<\/a>) project dubbed the 'Royal Mint NFT'. This announcement correlates with their plan for a \"forward-looking approach\" towards crypto assets in the UK.<\/p>\n\n\n\n

Chancellor of the Exchequer (national treasury) Rishi Sunak has asked the U.K's Royal Mint to produce an NFT in the following months prior to summer.<\/p>\n\n\n\n

Economic Secretary to the Treasury John Glen stated<\/a> in a keynote speech the Royal Mint NFT collection will be \"an emblem of the forward-looking approach we are determined to take\"<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/hmtreasury\/status\/1510971092072079360?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1510971092072079360%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thedistributed.co%2Fwp-admin%2Fpost.php%3Fpost%3D4202action%3Dedit\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the adoption of <\/a>stablecoins<\/a> by the UK government<\/a>. The UK will proactively explore the potentially transformative benefits of\u00a0Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

\"We think that by making this country a hospitable place for crypto we can attract investment, generate swathes of new jobs, and create a wave of ground-breaking new products and services. We\u2019re on the cusp of something important. We have the opportunity to shape and lead it. And that is what we\u2019ll do.<\/em>\"<\/p>John Glen, Economic Secretary to the Treasury<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"UK Government Plans The 'Royal Mint NFT'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-plans-the-royal-mint-nft","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-04-24 23:19:34","post_modified_gmt":"2022-04-24 13:19:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4202","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/wongmjane\/status\/1486077324630302721\n<\/div><\/figure>\n\n\n\n

Solana is a Layer 1<\/a> blockchain, like Ethereum. Although, Solana uses Proof-of-History<\/a> as its consensus mechanism compared to Ethereum's Proof-of-Work. This allows Solana to have a throughput of 60,000 transactions per second, compared to Ethereum's current 15 transactions per second. This would make Solana a cheaper network to use, with much lower gas fees<\/a> compared with a blockchain like Ethereum.<\/p>\n\n\n\n

Solana is up 11.23% today at a price of $124.14, with a 24-hour trading volume of $3,860,298,289 USD.<\/p>\n\n\n\n

\"Solana
Solana Price Data on 31st March - Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"OpenSea To Support Solana NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"opensea-to-support-solana-nfts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/blockchain-essentials-application-layer-protocols\/","post_modified":"2023-04-11 12:49:54","post_modified_gmt":"2023-04-11 02:49:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4175","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4087,"post_author":"1","post_date":"2022-03-24 23:37:18","post_date_gmt":"2022-03-24 12:37:18","post_content":"\n

In a\u00a0blog post<\/a>\u00a0by Loopring's head of growth, Adam Browman states that \"the GameStop NFT Marketplace has taken its first steps to welcome users, and it is built atop Loopring!\"<\/p>\n\n\n\n

Browman believes that the project \"has the potential to cement itself at the forefront of this new paradigm and become the destination for global digital economies.\" The blog post states that users can get early access to the project now to set up usernames and profiles, as well as make their first deposits.<\/p>\n\n\n\n

GameStop and NFTs<\/h2>\n\n\n\n

Rumors circulating since November\u00a0suggested that Loopring might be working with GameStop on a metaverse-related project. The Wall Street Journal\u00a0reported<\/a> in January\u00a0that GameStop was planning to build a new team focused on NFTs.<\/p>\n\n\n\n

Soon after that announcement, GameStop mentioned Immuntable X as their primary partner for the project. Despite this fact, Loopring was mentioned<\/a> at the time in an SEC filing<\/a>.<\/p>\n\n\n\n

According to an article from Decrypt<\/a>, there has been a lot of confusion on the topic and who is powering the NFT marketplace. It turns out that both Loopring and Immutable X are powering the NFT plans of GameStop. Although Immutable X tweeted<\/a> in a thread how they are the \"preferred partner\".<\/p>\n\n\n\n

Immutable mentioned the Loopring integration \u201cwas not a surprise (and we welcome them!).\" The marketplace will act as an aggregator across NFT minting platforms. Although, it appears that Immutable X will receive the most focus on the marketplace being the \"preferred partner\".<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Immutable\/status\/1506596126677295108\n<\/div><\/figure>\n\n\n\n

Since the announcement, $LRC<\/a>, the native token of Layer 2 blockchain<\/a> Loopring has soared over 35% to a high of $1.21. Although it is now trading steadily at $1.09. Loopring is currently sitting at a market cap of US$1.46 billion, according to data from CoinMarketCap.<\/p>\n\n\n\n

$IMX<\/a>, the token on the Immutable X blockchain is down 8.9% in the past 24 hours, trading at $2.19, according to data from CoinMarketCap.<\/p>\n\n\n\n

The other company in the mix, GameStop also had a huge day seeing a 14.5% gain to $141 in GME<\/a> stocks. Over 24 million GME shares were traded today alone. <\/p>\n","post_title":"GameStop NFT Marketplace Has Entered Beta, Integrated With Loopring","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"gamestop-nft-marketplace-has-entered-beta-integrated-with-loopring","to_ping":"","pinged":"","post_modified":"2022-03-24 23:37:42","post_modified_gmt":"2022-03-24 12:37:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4087","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4089,"post_author":"1","post_date":"2022-03-24 22:46:11","post_date_gmt":"2022-03-24 11:46:11","post_content":"\n

Floyd \u2019Money\u2019 Mayweather has re-entered the world of cryptocurrency with the announcement of his 2nd NFT project, dubbed Mayweverse. <\/p>\n\n\n\n

The project will consist of 5 different NFTs, each NFT will have 1000 copies available to mint. Every card has its own rarity, utility, and prizes. <\/p>\n\n\n\n

Despite how good it may sounds, Twitter users were quick to criticize. Floyd was reminded<\/a> of his previous NFT project<\/a>, which made him nearly US$5 million and is now worthless. \u201cYou already have an NFT project, it\u2019s called @RealFloydNFT. You released it last year and then stopped working on it immediately after. Have you been punched in the head so much that you\u2019re forgetting these things now?\u201d<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Berke_eth\/status\/1506051809542037506\n<\/div><\/figure>\n\n\n\n

Users were quick to call his bluff<\/a>. Floyd states that he has been working on this for months, although the twitter handle @mayweverse<\/a> was created this month. <\/p>\n\n\n\n

Coffezilla, known for calling out rug pulls and scams within the industry tweeted<\/a> his thoughts on the NFT project. He states \"Floyd Mayweather is frantically deleting evidence of his last NFT scam. He's getting roasted by the investors.\" <\/p>\n\n\n\n

Will this NFT collection follow in the footsteps of his previous NFT collection and be abandoned, or will he stick by his word?<\/p>\n","post_title":"Floyd Mayweather Re-enters The World Of Crypto With \u2018Mayweverse\u2019 NFT Project","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"floyd-mayweather-re-enters-the-world-of-crypto-with-mayweverse-nft-project","to_ping":"","pinged":"","post_modified":"2022-03-24 23:37:53","post_modified_gmt":"2022-03-24 12:37:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4089","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4003,"post_author":"1","post_date":"2022-03-21 15:25:03","post_date_gmt":"2022-03-21 04:25:03","post_content":"\n

Adobe-backed creative showcase platform Behance<\/a> to showcase Solana NFTs within the platform. The addition of this feature will allow creators to earn from their designs.<\/p>\n\n\n\n

The feature is only available to creators who have a Phantom Wallet<\/a> connected to their Behance accounts, and are hosted by QuickNode<\/a>. Once this is done, creators can showcase various NFTs from the Solana blockchain on their profiles. <\/p>\n\n\n\n

Adobes Vice President, William Allen, stated that although there are features to implement Ethereum NFTs on the Behance platform already, creators may not want to use Ethereum due to the high gas fees<\/a>. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/williamallen\/status\/1500858469447917571?s=21\n<\/div><\/figure>\n\n\n\n

In turn, Allen addresses<\/a> that \u201cA single transaction on Solana uses less energy than two google searches and costs a fraction of a penny\u201d insisting that it may be a better alternative for some creators. <\/p>\n\n\n\n

\"\"<\/a>
Solanas 1 Day Price Tracker \/ Source - CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

Notes On The Collaborators <\/h2>\n\n\n\n

Phantom Wallet was quick to regard this as a \u201chuge\u201d collaboration for Solana and their emerging creator economy. The low cost and eco friendly nature of Solana will allow a larger range of artists the ability to experiment with NFTs. Allen stated<\/a> on Twitter that Solana will be added to the \u2019Content Credentials\u2019 tool in photoshop, allowing creators to publish NFTs from photoshop ensuring that the work stays their work. <\/p>\n\n\n\n

QuickNode which rented the space within the mainnet of Solana to Adobe is the leading Solana node provider, sustaining over 50% of the entire nodes on the network. No official statement has been released by the team yet. <\/p>\n","post_title":"Solana NFTs To Be Integrated Within Behance","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"solana-nfts-to-be-integrated-within-behance","to_ping":"","pinged":"","post_modified":"2023-04-11 12:51:53","post_modified_gmt":"2023-04-11 02:51:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4003","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3933,"post_author":"1","post_date":"2022-03-14 22:44:23","post_date_gmt":"2022-03-14 11:44:23","post_content":"\n

EtherRock #44, an NFT<\/a> valued at around US$1,000,000 was accidentally listed<\/a> for 444 Wei<\/a> (>US$0.0000001), rather than 444 Ether (US$1,151,000).<\/p>\n\n\n\n

Former owner Dino, posted about the unfortunate event on Twitter.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501802006364635139?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1501802006364635139%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.tronweekly.com%2F1m-worth-rock-nft-sells-for-under-a-penny%2F\n<\/div><\/figure>\n\n\n\n

The EtherRock was instantly purchased<\/a> and relisted by a bot, within the same block, with Dino requesting<\/a> an Etherscan refund. This has so far been unsuccessful. <\/p>\n\n\n\n

Although a very costly mistake, Dino has made his peace with the situation, agreeing it was more of an \"easy come, easy go\" situation. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501897330353934337\n<\/div><\/figure>\n\n\n\n

\"They say it is better to have rocked and lost rock than to have never rocked at all.\"<\/em><\/p>HiddenGnome on Twitter<\/a><\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"EtherRock Worth $1M Sold For A Fraction Of A Cent","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"etherrock-worth-1m-sold-for-a-fraction-of-a-cent","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/wei\/","post_modified":"2023-04-11 12:52:09","post_modified_gmt":"2023-04-11 02:52:09","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3933","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3890,"post_author":"1","post_date":"2022-03-13 19:50:24","post_date_gmt":"2022-03-13 08:50:24","post_content":"\n

Yuga Labs, the company behind the Bored Ape Yacht Club NFT collection, has acquired CryptoPunks and Meebits from fellow developer Larva Labs.<\/p>\n\n\n\n

A joint<\/a> announcement<\/a> was made by Larva Labs and Yuga Labs on Twitter<\/a> on Friday evening.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/yugalabs\/status\/1502420714527334406?s=20&t=IyM-KDtJPh0WaI5XPfA10A\n<\/div><\/figure>\n\n\n\n

Yuga Labs \"now own the brands, copyright in the art, and other IP rights for both collections, along with 423 CryptoPunks and 1711 Meebits\" according to their announcement. This means that they own both the 1st<\/a> and 2nd<\/a> most valuable NFT collections on the market.<\/p>\n\n\n\n

Yuga Labs plans to grant the commercial rights to all CryptoPunk and Meebit NFTs to their owners, as has been done for BAYC owners. This still means that Yuga Labs owns the collection and will \"be building the overall brand right alongside them\", but each NFT owner can monetize their specific ape.<\/p>\n\n\n\n

\"It\u2019s been amazing to watch the BAYC ecosystem use their rights to collaborate and build awesome shit we never could have dreamed up. We can\u2019t wait to see the Cryptopunks and Meebits communities do the same.<\/em>\"<\/p>Yuga Labs on Twitter<\/a><\/cite><\/blockquote>\n","post_title":"BAYC's Yuga Labs Acquires Rights To CryptoPunks And Meebits","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"baycs-yuga-labs-acquires-rights-to-cryptopunks-and-meebits","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:28","post_modified_gmt":"2022-03-14 10:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 5

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

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\n

Although this success may not be long-lived. Wash trading in other markets is considered an illegal act. Chainalysis made a point of this in a report<\/a> and recommends LooksRare to discourage the activity of wash trading. As regulators<\/a> start taking closer looks into markets, these moves which seem fine now may eventually come back to hit the users even harder.<\/p>\n","post_title":"Wash Trading Makes Up 95% Of LooksRare Trading Volume","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"wash-trading-makes-up-95-of-looksrare-trading-volume","to_ping":"","pinged":"https:\/\/blog.chainalysis.com\/reports\/2022-crypto-crime-report-preview-nft-wash-trading-money-laundering\/\nhttps:\/\/www.thedistributed.co\/gas-fees\/","post_modified":"2022-04-07 21:27:34","post_modified_gmt":"2022-04-07 11:27:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4226","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4202,"post_author":"1","post_date":"2022-04-05 21:00:49","post_date_gmt":"2022-04-05 11:00:49","post_content":"\n

The United Kingdom government has announced plans to release a non-fungible token (NFT<\/a>) project dubbed the 'Royal Mint NFT'. This announcement correlates with their plan for a \"forward-looking approach\" towards crypto assets in the UK.<\/p>\n\n\n\n

Chancellor of the Exchequer (national treasury) Rishi Sunak has asked the U.K's Royal Mint to produce an NFT in the following months prior to summer.<\/p>\n\n\n\n

Economic Secretary to the Treasury John Glen stated<\/a> in a keynote speech the Royal Mint NFT collection will be \"an emblem of the forward-looking approach we are determined to take\"<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/hmtreasury\/status\/1510971092072079360?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1510971092072079360%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thedistributed.co%2Fwp-admin%2Fpost.php%3Fpost%3D4202action%3Dedit\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the adoption of <\/a>stablecoins<\/a> by the UK government<\/a>. The UK will proactively explore the potentially transformative benefits of\u00a0Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

\"We think that by making this country a hospitable place for crypto we can attract investment, generate swathes of new jobs, and create a wave of ground-breaking new products and services. We\u2019re on the cusp of something important. We have the opportunity to shape and lead it. And that is what we\u2019ll do.<\/em>\"<\/p>John Glen, Economic Secretary to the Treasury<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"UK Government Plans The 'Royal Mint NFT'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-plans-the-royal-mint-nft","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-04-24 23:19:34","post_modified_gmt":"2022-04-24 13:19:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4202","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/wongmjane\/status\/1486077324630302721\n<\/div><\/figure>\n\n\n\n

Solana is a Layer 1<\/a> blockchain, like Ethereum. Although, Solana uses Proof-of-History<\/a> as its consensus mechanism compared to Ethereum's Proof-of-Work. This allows Solana to have a throughput of 60,000 transactions per second, compared to Ethereum's current 15 transactions per second. This would make Solana a cheaper network to use, with much lower gas fees<\/a> compared with a blockchain like Ethereum.<\/p>\n\n\n\n

Solana is up 11.23% today at a price of $124.14, with a 24-hour trading volume of $3,860,298,289 USD.<\/p>\n\n\n\n

\"Solana
Solana Price Data on 31st March - Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"OpenSea To Support Solana NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"opensea-to-support-solana-nfts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/blockchain-essentials-application-layer-protocols\/","post_modified":"2023-04-11 12:49:54","post_modified_gmt":"2023-04-11 02:49:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4175","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4087,"post_author":"1","post_date":"2022-03-24 23:37:18","post_date_gmt":"2022-03-24 12:37:18","post_content":"\n

In a\u00a0blog post<\/a>\u00a0by Loopring's head of growth, Adam Browman states that \"the GameStop NFT Marketplace has taken its first steps to welcome users, and it is built atop Loopring!\"<\/p>\n\n\n\n

Browman believes that the project \"has the potential to cement itself at the forefront of this new paradigm and become the destination for global digital economies.\" The blog post states that users can get early access to the project now to set up usernames and profiles, as well as make their first deposits.<\/p>\n\n\n\n

GameStop and NFTs<\/h2>\n\n\n\n

Rumors circulating since November\u00a0suggested that Loopring might be working with GameStop on a metaverse-related project. The Wall Street Journal\u00a0reported<\/a> in January\u00a0that GameStop was planning to build a new team focused on NFTs.<\/p>\n\n\n\n

Soon after that announcement, GameStop mentioned Immuntable X as their primary partner for the project. Despite this fact, Loopring was mentioned<\/a> at the time in an SEC filing<\/a>.<\/p>\n\n\n\n

According to an article from Decrypt<\/a>, there has been a lot of confusion on the topic and who is powering the NFT marketplace. It turns out that both Loopring and Immutable X are powering the NFT plans of GameStop. Although Immutable X tweeted<\/a> in a thread how they are the \"preferred partner\".<\/p>\n\n\n\n

Immutable mentioned the Loopring integration \u201cwas not a surprise (and we welcome them!).\" The marketplace will act as an aggregator across NFT minting platforms. Although, it appears that Immutable X will receive the most focus on the marketplace being the \"preferred partner\".<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Immutable\/status\/1506596126677295108\n<\/div><\/figure>\n\n\n\n

Since the announcement, $LRC<\/a>, the native token of Layer 2 blockchain<\/a> Loopring has soared over 35% to a high of $1.21. Although it is now trading steadily at $1.09. Loopring is currently sitting at a market cap of US$1.46 billion, according to data from CoinMarketCap.<\/p>\n\n\n\n

$IMX<\/a>, the token on the Immutable X blockchain is down 8.9% in the past 24 hours, trading at $2.19, according to data from CoinMarketCap.<\/p>\n\n\n\n

The other company in the mix, GameStop also had a huge day seeing a 14.5% gain to $141 in GME<\/a> stocks. Over 24 million GME shares were traded today alone. <\/p>\n","post_title":"GameStop NFT Marketplace Has Entered Beta, Integrated With Loopring","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"gamestop-nft-marketplace-has-entered-beta-integrated-with-loopring","to_ping":"","pinged":"","post_modified":"2022-03-24 23:37:42","post_modified_gmt":"2022-03-24 12:37:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4087","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4089,"post_author":"1","post_date":"2022-03-24 22:46:11","post_date_gmt":"2022-03-24 11:46:11","post_content":"\n

Floyd \u2019Money\u2019 Mayweather has re-entered the world of cryptocurrency with the announcement of his 2nd NFT project, dubbed Mayweverse. <\/p>\n\n\n\n

The project will consist of 5 different NFTs, each NFT will have 1000 copies available to mint. Every card has its own rarity, utility, and prizes. <\/p>\n\n\n\n

Despite how good it may sounds, Twitter users were quick to criticize. Floyd was reminded<\/a> of his previous NFT project<\/a>, which made him nearly US$5 million and is now worthless. \u201cYou already have an NFT project, it\u2019s called @RealFloydNFT. You released it last year and then stopped working on it immediately after. Have you been punched in the head so much that you\u2019re forgetting these things now?\u201d<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Berke_eth\/status\/1506051809542037506\n<\/div><\/figure>\n\n\n\n

Users were quick to call his bluff<\/a>. Floyd states that he has been working on this for months, although the twitter handle @mayweverse<\/a> was created this month. <\/p>\n\n\n\n

Coffezilla, known for calling out rug pulls and scams within the industry tweeted<\/a> his thoughts on the NFT project. He states \"Floyd Mayweather is frantically deleting evidence of his last NFT scam. He's getting roasted by the investors.\" <\/p>\n\n\n\n

Will this NFT collection follow in the footsteps of his previous NFT collection and be abandoned, or will he stick by his word?<\/p>\n","post_title":"Floyd Mayweather Re-enters The World Of Crypto With \u2018Mayweverse\u2019 NFT Project","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"floyd-mayweather-re-enters-the-world-of-crypto-with-mayweverse-nft-project","to_ping":"","pinged":"","post_modified":"2022-03-24 23:37:53","post_modified_gmt":"2022-03-24 12:37:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4089","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4003,"post_author":"1","post_date":"2022-03-21 15:25:03","post_date_gmt":"2022-03-21 04:25:03","post_content":"\n

Adobe-backed creative showcase platform Behance<\/a> to showcase Solana NFTs within the platform. The addition of this feature will allow creators to earn from their designs.<\/p>\n\n\n\n

The feature is only available to creators who have a Phantom Wallet<\/a> connected to their Behance accounts, and are hosted by QuickNode<\/a>. Once this is done, creators can showcase various NFTs from the Solana blockchain on their profiles. <\/p>\n\n\n\n

Adobes Vice President, William Allen, stated that although there are features to implement Ethereum NFTs on the Behance platform already, creators may not want to use Ethereum due to the high gas fees<\/a>. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/williamallen\/status\/1500858469447917571?s=21\n<\/div><\/figure>\n\n\n\n

In turn, Allen addresses<\/a> that \u201cA single transaction on Solana uses less energy than two google searches and costs a fraction of a penny\u201d insisting that it may be a better alternative for some creators. <\/p>\n\n\n\n

\"\"<\/a>
Solanas 1 Day Price Tracker \/ Source - CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

Notes On The Collaborators <\/h2>\n\n\n\n

Phantom Wallet was quick to regard this as a \u201chuge\u201d collaboration for Solana and their emerging creator economy. The low cost and eco friendly nature of Solana will allow a larger range of artists the ability to experiment with NFTs. Allen stated<\/a> on Twitter that Solana will be added to the \u2019Content Credentials\u2019 tool in photoshop, allowing creators to publish NFTs from photoshop ensuring that the work stays their work. <\/p>\n\n\n\n

QuickNode which rented the space within the mainnet of Solana to Adobe is the leading Solana node provider, sustaining over 50% of the entire nodes on the network. No official statement has been released by the team yet. <\/p>\n","post_title":"Solana NFTs To Be Integrated Within Behance","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"solana-nfts-to-be-integrated-within-behance","to_ping":"","pinged":"","post_modified":"2023-04-11 12:51:53","post_modified_gmt":"2023-04-11 02:51:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4003","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3933,"post_author":"1","post_date":"2022-03-14 22:44:23","post_date_gmt":"2022-03-14 11:44:23","post_content":"\n

EtherRock #44, an NFT<\/a> valued at around US$1,000,000 was accidentally listed<\/a> for 444 Wei<\/a> (>US$0.0000001), rather than 444 Ether (US$1,151,000).<\/p>\n\n\n\n

Former owner Dino, posted about the unfortunate event on Twitter.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501802006364635139?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1501802006364635139%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.tronweekly.com%2F1m-worth-rock-nft-sells-for-under-a-penny%2F\n<\/div><\/figure>\n\n\n\n

The EtherRock was instantly purchased<\/a> and relisted by a bot, within the same block, with Dino requesting<\/a> an Etherscan refund. This has so far been unsuccessful. <\/p>\n\n\n\n

Although a very costly mistake, Dino has made his peace with the situation, agreeing it was more of an \"easy come, easy go\" situation. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501897330353934337\n<\/div><\/figure>\n\n\n\n

\"They say it is better to have rocked and lost rock than to have never rocked at all.\"<\/em><\/p>HiddenGnome on Twitter<\/a><\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"EtherRock Worth $1M Sold For A Fraction Of A Cent","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"etherrock-worth-1m-sold-for-a-fraction-of-a-cent","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/wei\/","post_modified":"2023-04-11 12:52:09","post_modified_gmt":"2023-04-11 02:52:09","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3933","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3890,"post_author":"1","post_date":"2022-03-13 19:50:24","post_date_gmt":"2022-03-13 08:50:24","post_content":"\n

Yuga Labs, the company behind the Bored Ape Yacht Club NFT collection, has acquired CryptoPunks and Meebits from fellow developer Larva Labs.<\/p>\n\n\n\n

A joint<\/a> announcement<\/a> was made by Larva Labs and Yuga Labs on Twitter<\/a> on Friday evening.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/yugalabs\/status\/1502420714527334406?s=20&t=IyM-KDtJPh0WaI5XPfA10A\n<\/div><\/figure>\n\n\n\n

Yuga Labs \"now own the brands, copyright in the art, and other IP rights for both collections, along with 423 CryptoPunks and 1711 Meebits\" according to their announcement. This means that they own both the 1st<\/a> and 2nd<\/a> most valuable NFT collections on the market.<\/p>\n\n\n\n

Yuga Labs plans to grant the commercial rights to all CryptoPunk and Meebit NFTs to their owners, as has been done for BAYC owners. This still means that Yuga Labs owns the collection and will \"be building the overall brand right alongside them\", but each NFT owner can monetize their specific ape.<\/p>\n\n\n\n

\"It\u2019s been amazing to watch the BAYC ecosystem use their rights to collaborate and build awesome shit we never could have dreamed up. We can\u2019t wait to see the Cryptopunks and Meebits communities do the same.<\/em>\"<\/p>Yuga Labs on Twitter<\/a><\/cite><\/blockquote>\n","post_title":"BAYC's Yuga Labs Acquires Rights To CryptoPunks And Meebits","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"baycs-yuga-labs-acquires-rights-to-cryptopunks-and-meebits","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:28","post_modified_gmt":"2022-03-14 10:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 5

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

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\n

\u201cIt seems that organic trading is indeed increasing in LooksRare. The difference between selling expensive NFTs like BAYC on LooksRare rather than OpenSea can become a 1-2 Ether difference that the seller saves. So it appears that the NFT community is slowly adopting other options outside the incumbent.\u201d <\/em><\/p>Pedro Herrera, Senior Data Analyst at DappRadar. <\/cite><\/blockquote>\n\n\n\n

Although this success may not be long-lived. Wash trading in other markets is considered an illegal act. Chainalysis made a point of this in a report<\/a> and recommends LooksRare to discourage the activity of wash trading. As regulators<\/a> start taking closer looks into markets, these moves which seem fine now may eventually come back to hit the users even harder.<\/p>\n","post_title":"Wash Trading Makes Up 95% Of LooksRare Trading Volume","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"wash-trading-makes-up-95-of-looksrare-trading-volume","to_ping":"","pinged":"https:\/\/blog.chainalysis.com\/reports\/2022-crypto-crime-report-preview-nft-wash-trading-money-laundering\/\nhttps:\/\/www.thedistributed.co\/gas-fees\/","post_modified":"2022-04-07 21:27:34","post_modified_gmt":"2022-04-07 11:27:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4226","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4202,"post_author":"1","post_date":"2022-04-05 21:00:49","post_date_gmt":"2022-04-05 11:00:49","post_content":"\n

The United Kingdom government has announced plans to release a non-fungible token (NFT<\/a>) project dubbed the 'Royal Mint NFT'. This announcement correlates with their plan for a \"forward-looking approach\" towards crypto assets in the UK.<\/p>\n\n\n\n

Chancellor of the Exchequer (national treasury) Rishi Sunak has asked the U.K's Royal Mint to produce an NFT in the following months prior to summer.<\/p>\n\n\n\n

Economic Secretary to the Treasury John Glen stated<\/a> in a keynote speech the Royal Mint NFT collection will be \"an emblem of the forward-looking approach we are determined to take\"<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/hmtreasury\/status\/1510971092072079360?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1510971092072079360%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thedistributed.co%2Fwp-admin%2Fpost.php%3Fpost%3D4202action%3Dedit\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the adoption of <\/a>stablecoins<\/a> by the UK government<\/a>. The UK will proactively explore the potentially transformative benefits of\u00a0Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

\"We think that by making this country a hospitable place for crypto we can attract investment, generate swathes of new jobs, and create a wave of ground-breaking new products and services. We\u2019re on the cusp of something important. We have the opportunity to shape and lead it. And that is what we\u2019ll do.<\/em>\"<\/p>John Glen, Economic Secretary to the Treasury<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"UK Government Plans The 'Royal Mint NFT'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-plans-the-royal-mint-nft","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-04-24 23:19:34","post_modified_gmt":"2022-04-24 13:19:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4202","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/wongmjane\/status\/1486077324630302721\n<\/div><\/figure>\n\n\n\n

Solana is a Layer 1<\/a> blockchain, like Ethereum. Although, Solana uses Proof-of-History<\/a> as its consensus mechanism compared to Ethereum's Proof-of-Work. This allows Solana to have a throughput of 60,000 transactions per second, compared to Ethereum's current 15 transactions per second. This would make Solana a cheaper network to use, with much lower gas fees<\/a> compared with a blockchain like Ethereum.<\/p>\n\n\n\n

Solana is up 11.23% today at a price of $124.14, with a 24-hour trading volume of $3,860,298,289 USD.<\/p>\n\n\n\n

\"Solana
Solana Price Data on 31st March - Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"OpenSea To Support Solana NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"opensea-to-support-solana-nfts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/blockchain-essentials-application-layer-protocols\/","post_modified":"2023-04-11 12:49:54","post_modified_gmt":"2023-04-11 02:49:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4175","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4087,"post_author":"1","post_date":"2022-03-24 23:37:18","post_date_gmt":"2022-03-24 12:37:18","post_content":"\n

In a\u00a0blog post<\/a>\u00a0by Loopring's head of growth, Adam Browman states that \"the GameStop NFT Marketplace has taken its first steps to welcome users, and it is built atop Loopring!\"<\/p>\n\n\n\n

Browman believes that the project \"has the potential to cement itself at the forefront of this new paradigm and become the destination for global digital economies.\" The blog post states that users can get early access to the project now to set up usernames and profiles, as well as make their first deposits.<\/p>\n\n\n\n

GameStop and NFTs<\/h2>\n\n\n\n

Rumors circulating since November\u00a0suggested that Loopring might be working with GameStop on a metaverse-related project. The Wall Street Journal\u00a0reported<\/a> in January\u00a0that GameStop was planning to build a new team focused on NFTs.<\/p>\n\n\n\n

Soon after that announcement, GameStop mentioned Immuntable X as their primary partner for the project. Despite this fact, Loopring was mentioned<\/a> at the time in an SEC filing<\/a>.<\/p>\n\n\n\n

According to an article from Decrypt<\/a>, there has been a lot of confusion on the topic and who is powering the NFT marketplace. It turns out that both Loopring and Immutable X are powering the NFT plans of GameStop. Although Immutable X tweeted<\/a> in a thread how they are the \"preferred partner\".<\/p>\n\n\n\n

Immutable mentioned the Loopring integration \u201cwas not a surprise (and we welcome them!).\" The marketplace will act as an aggregator across NFT minting platforms. Although, it appears that Immutable X will receive the most focus on the marketplace being the \"preferred partner\".<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Immutable\/status\/1506596126677295108\n<\/div><\/figure>\n\n\n\n

Since the announcement, $LRC<\/a>, the native token of Layer 2 blockchain<\/a> Loopring has soared over 35% to a high of $1.21. Although it is now trading steadily at $1.09. Loopring is currently sitting at a market cap of US$1.46 billion, according to data from CoinMarketCap.<\/p>\n\n\n\n

$IMX<\/a>, the token on the Immutable X blockchain is down 8.9% in the past 24 hours, trading at $2.19, according to data from CoinMarketCap.<\/p>\n\n\n\n

The other company in the mix, GameStop also had a huge day seeing a 14.5% gain to $141 in GME<\/a> stocks. Over 24 million GME shares were traded today alone. <\/p>\n","post_title":"GameStop NFT Marketplace Has Entered Beta, Integrated With Loopring","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"gamestop-nft-marketplace-has-entered-beta-integrated-with-loopring","to_ping":"","pinged":"","post_modified":"2022-03-24 23:37:42","post_modified_gmt":"2022-03-24 12:37:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4087","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4089,"post_author":"1","post_date":"2022-03-24 22:46:11","post_date_gmt":"2022-03-24 11:46:11","post_content":"\n

Floyd \u2019Money\u2019 Mayweather has re-entered the world of cryptocurrency with the announcement of his 2nd NFT project, dubbed Mayweverse. <\/p>\n\n\n\n

The project will consist of 5 different NFTs, each NFT will have 1000 copies available to mint. Every card has its own rarity, utility, and prizes. <\/p>\n\n\n\n

Despite how good it may sounds, Twitter users were quick to criticize. Floyd was reminded<\/a> of his previous NFT project<\/a>, which made him nearly US$5 million and is now worthless. \u201cYou already have an NFT project, it\u2019s called @RealFloydNFT. You released it last year and then stopped working on it immediately after. Have you been punched in the head so much that you\u2019re forgetting these things now?\u201d<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Berke_eth\/status\/1506051809542037506\n<\/div><\/figure>\n\n\n\n

Users were quick to call his bluff<\/a>. Floyd states that he has been working on this for months, although the twitter handle @mayweverse<\/a> was created this month. <\/p>\n\n\n\n

Coffezilla, known for calling out rug pulls and scams within the industry tweeted<\/a> his thoughts on the NFT project. He states \"Floyd Mayweather is frantically deleting evidence of his last NFT scam. He's getting roasted by the investors.\" <\/p>\n\n\n\n

Will this NFT collection follow in the footsteps of his previous NFT collection and be abandoned, or will he stick by his word?<\/p>\n","post_title":"Floyd Mayweather Re-enters The World Of Crypto With \u2018Mayweverse\u2019 NFT Project","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"floyd-mayweather-re-enters-the-world-of-crypto-with-mayweverse-nft-project","to_ping":"","pinged":"","post_modified":"2022-03-24 23:37:53","post_modified_gmt":"2022-03-24 12:37:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4089","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4003,"post_author":"1","post_date":"2022-03-21 15:25:03","post_date_gmt":"2022-03-21 04:25:03","post_content":"\n

Adobe-backed creative showcase platform Behance<\/a> to showcase Solana NFTs within the platform. The addition of this feature will allow creators to earn from their designs.<\/p>\n\n\n\n

The feature is only available to creators who have a Phantom Wallet<\/a> connected to their Behance accounts, and are hosted by QuickNode<\/a>. Once this is done, creators can showcase various NFTs from the Solana blockchain on their profiles. <\/p>\n\n\n\n

Adobes Vice President, William Allen, stated that although there are features to implement Ethereum NFTs on the Behance platform already, creators may not want to use Ethereum due to the high gas fees<\/a>. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/williamallen\/status\/1500858469447917571?s=21\n<\/div><\/figure>\n\n\n\n

In turn, Allen addresses<\/a> that \u201cA single transaction on Solana uses less energy than two google searches and costs a fraction of a penny\u201d insisting that it may be a better alternative for some creators. <\/p>\n\n\n\n

\"\"<\/a>
Solanas 1 Day Price Tracker \/ Source - CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

Notes On The Collaborators <\/h2>\n\n\n\n

Phantom Wallet was quick to regard this as a \u201chuge\u201d collaboration for Solana and their emerging creator economy. The low cost and eco friendly nature of Solana will allow a larger range of artists the ability to experiment with NFTs. Allen stated<\/a> on Twitter that Solana will be added to the \u2019Content Credentials\u2019 tool in photoshop, allowing creators to publish NFTs from photoshop ensuring that the work stays their work. <\/p>\n\n\n\n

QuickNode which rented the space within the mainnet of Solana to Adobe is the leading Solana node provider, sustaining over 50% of the entire nodes on the network. No official statement has been released by the team yet. <\/p>\n","post_title":"Solana NFTs To Be Integrated Within Behance","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"solana-nfts-to-be-integrated-within-behance","to_ping":"","pinged":"","post_modified":"2023-04-11 12:51:53","post_modified_gmt":"2023-04-11 02:51:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4003","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3933,"post_author":"1","post_date":"2022-03-14 22:44:23","post_date_gmt":"2022-03-14 11:44:23","post_content":"\n

EtherRock #44, an NFT<\/a> valued at around US$1,000,000 was accidentally listed<\/a> for 444 Wei<\/a> (>US$0.0000001), rather than 444 Ether (US$1,151,000).<\/p>\n\n\n\n

Former owner Dino, posted about the unfortunate event on Twitter.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501802006364635139?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1501802006364635139%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.tronweekly.com%2F1m-worth-rock-nft-sells-for-under-a-penny%2F\n<\/div><\/figure>\n\n\n\n

The EtherRock was instantly purchased<\/a> and relisted by a bot, within the same block, with Dino requesting<\/a> an Etherscan refund. This has so far been unsuccessful. <\/p>\n\n\n\n

Although a very costly mistake, Dino has made his peace with the situation, agreeing it was more of an \"easy come, easy go\" situation. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501897330353934337\n<\/div><\/figure>\n\n\n\n

\"They say it is better to have rocked and lost rock than to have never rocked at all.\"<\/em><\/p>HiddenGnome on Twitter<\/a><\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"EtherRock Worth $1M Sold For A Fraction Of A Cent","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"etherrock-worth-1m-sold-for-a-fraction-of-a-cent","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/wei\/","post_modified":"2023-04-11 12:52:09","post_modified_gmt":"2023-04-11 02:52:09","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3933","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3890,"post_author":"1","post_date":"2022-03-13 19:50:24","post_date_gmt":"2022-03-13 08:50:24","post_content":"\n

Yuga Labs, the company behind the Bored Ape Yacht Club NFT collection, has acquired CryptoPunks and Meebits from fellow developer Larva Labs.<\/p>\n\n\n\n

A joint<\/a> announcement<\/a> was made by Larva Labs and Yuga Labs on Twitter<\/a> on Friday evening.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/yugalabs\/status\/1502420714527334406?s=20&t=IyM-KDtJPh0WaI5XPfA10A\n<\/div><\/figure>\n\n\n\n

Yuga Labs \"now own the brands, copyright in the art, and other IP rights for both collections, along with 423 CryptoPunks and 1711 Meebits\" according to their announcement. This means that they own both the 1st<\/a> and 2nd<\/a> most valuable NFT collections on the market.<\/p>\n\n\n\n

Yuga Labs plans to grant the commercial rights to all CryptoPunk and Meebit NFTs to their owners, as has been done for BAYC owners. This still means that Yuga Labs owns the collection and will \"be building the overall brand right alongside them\", but each NFT owner can monetize their specific ape.<\/p>\n\n\n\n

\"It\u2019s been amazing to watch the BAYC ecosystem use their rights to collaborate and build awesome shit we never could have dreamed up. We can\u2019t wait to see the Cryptopunks and Meebits communities do the same.<\/em>\"<\/p>Yuga Labs on Twitter<\/a><\/cite><\/blockquote>\n","post_title":"BAYC's Yuga Labs Acquires Rights To CryptoPunks And Meebits","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"baycs-yuga-labs-acquires-rights-to-cryptopunks-and-meebits","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:28","post_modified_gmt":"2022-03-14 10:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 5

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\n
\nhttps:\/\/twitter.com\/LooksRareNFT\/status\/1487018639949582336?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1487018639949582336%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fdecrypt.co%2F91510%2Flooksrare-has-reportedly-generated-8b-ethereum-nft-wash-trading\n<\/div><\/figure>\n\n\n\n

\u201cIt seems that organic trading is indeed increasing in LooksRare. The difference between selling expensive NFTs like BAYC on LooksRare rather than OpenSea can become a 1-2 Ether difference that the seller saves. So it appears that the NFT community is slowly adopting other options outside the incumbent.\u201d <\/em><\/p>Pedro Herrera, Senior Data Analyst at DappRadar. <\/cite><\/blockquote>\n\n\n\n

Although this success may not be long-lived. Wash trading in other markets is considered an illegal act. Chainalysis made a point of this in a report<\/a> and recommends LooksRare to discourage the activity of wash trading. As regulators<\/a> start taking closer looks into markets, these moves which seem fine now may eventually come back to hit the users even harder.<\/p>\n","post_title":"Wash Trading Makes Up 95% Of LooksRare Trading Volume","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"wash-trading-makes-up-95-of-looksrare-trading-volume","to_ping":"","pinged":"https:\/\/blog.chainalysis.com\/reports\/2022-crypto-crime-report-preview-nft-wash-trading-money-laundering\/\nhttps:\/\/www.thedistributed.co\/gas-fees\/","post_modified":"2022-04-07 21:27:34","post_modified_gmt":"2022-04-07 11:27:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4226","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4202,"post_author":"1","post_date":"2022-04-05 21:00:49","post_date_gmt":"2022-04-05 11:00:49","post_content":"\n

The United Kingdom government has announced plans to release a non-fungible token (NFT<\/a>) project dubbed the 'Royal Mint NFT'. This announcement correlates with their plan for a \"forward-looking approach\" towards crypto assets in the UK.<\/p>\n\n\n\n

Chancellor of the Exchequer (national treasury) Rishi Sunak has asked the U.K's Royal Mint to produce an NFT in the following months prior to summer.<\/p>\n\n\n\n

Economic Secretary to the Treasury John Glen stated<\/a> in a keynote speech the Royal Mint NFT collection will be \"an emblem of the forward-looking approach we are determined to take\"<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/hmtreasury\/status\/1510971092072079360?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1510971092072079360%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thedistributed.co%2Fwp-admin%2Fpost.php%3Fpost%3D4202action%3Dedit\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the adoption of <\/a>stablecoins<\/a> by the UK government<\/a>. The UK will proactively explore the potentially transformative benefits of\u00a0Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

\"We think that by making this country a hospitable place for crypto we can attract investment, generate swathes of new jobs, and create a wave of ground-breaking new products and services. We\u2019re on the cusp of something important. We have the opportunity to shape and lead it. And that is what we\u2019ll do.<\/em>\"<\/p>John Glen, Economic Secretary to the Treasury<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"UK Government Plans The 'Royal Mint NFT'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-plans-the-royal-mint-nft","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-04-24 23:19:34","post_modified_gmt":"2022-04-24 13:19:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4202","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/wongmjane\/status\/1486077324630302721\n<\/div><\/figure>\n\n\n\n

Solana is a Layer 1<\/a> blockchain, like Ethereum. Although, Solana uses Proof-of-History<\/a> as its consensus mechanism compared to Ethereum's Proof-of-Work. This allows Solana to have a throughput of 60,000 transactions per second, compared to Ethereum's current 15 transactions per second. This would make Solana a cheaper network to use, with much lower gas fees<\/a> compared with a blockchain like Ethereum.<\/p>\n\n\n\n

Solana is up 11.23% today at a price of $124.14, with a 24-hour trading volume of $3,860,298,289 USD.<\/p>\n\n\n\n

\"Solana
Solana Price Data on 31st March - Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"OpenSea To Support Solana NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"opensea-to-support-solana-nfts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/blockchain-essentials-application-layer-protocols\/","post_modified":"2023-04-11 12:49:54","post_modified_gmt":"2023-04-11 02:49:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4175","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4087,"post_author":"1","post_date":"2022-03-24 23:37:18","post_date_gmt":"2022-03-24 12:37:18","post_content":"\n

In a\u00a0blog post<\/a>\u00a0by Loopring's head of growth, Adam Browman states that \"the GameStop NFT Marketplace has taken its first steps to welcome users, and it is built atop Loopring!\"<\/p>\n\n\n\n

Browman believes that the project \"has the potential to cement itself at the forefront of this new paradigm and become the destination for global digital economies.\" The blog post states that users can get early access to the project now to set up usernames and profiles, as well as make their first deposits.<\/p>\n\n\n\n

GameStop and NFTs<\/h2>\n\n\n\n

Rumors circulating since November\u00a0suggested that Loopring might be working with GameStop on a metaverse-related project. The Wall Street Journal\u00a0reported<\/a> in January\u00a0that GameStop was planning to build a new team focused on NFTs.<\/p>\n\n\n\n

Soon after that announcement, GameStop mentioned Immuntable X as their primary partner for the project. Despite this fact, Loopring was mentioned<\/a> at the time in an SEC filing<\/a>.<\/p>\n\n\n\n

According to an article from Decrypt<\/a>, there has been a lot of confusion on the topic and who is powering the NFT marketplace. It turns out that both Loopring and Immutable X are powering the NFT plans of GameStop. Although Immutable X tweeted<\/a> in a thread how they are the \"preferred partner\".<\/p>\n\n\n\n

Immutable mentioned the Loopring integration \u201cwas not a surprise (and we welcome them!).\" The marketplace will act as an aggregator across NFT minting platforms. Although, it appears that Immutable X will receive the most focus on the marketplace being the \"preferred partner\".<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Immutable\/status\/1506596126677295108\n<\/div><\/figure>\n\n\n\n

Since the announcement, $LRC<\/a>, the native token of Layer 2 blockchain<\/a> Loopring has soared over 35% to a high of $1.21. Although it is now trading steadily at $1.09. Loopring is currently sitting at a market cap of US$1.46 billion, according to data from CoinMarketCap.<\/p>\n\n\n\n

$IMX<\/a>, the token on the Immutable X blockchain is down 8.9% in the past 24 hours, trading at $2.19, according to data from CoinMarketCap.<\/p>\n\n\n\n

The other company in the mix, GameStop also had a huge day seeing a 14.5% gain to $141 in GME<\/a> stocks. Over 24 million GME shares were traded today alone. <\/p>\n","post_title":"GameStop NFT Marketplace Has Entered Beta, Integrated With Loopring","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"gamestop-nft-marketplace-has-entered-beta-integrated-with-loopring","to_ping":"","pinged":"","post_modified":"2022-03-24 23:37:42","post_modified_gmt":"2022-03-24 12:37:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4087","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4089,"post_author":"1","post_date":"2022-03-24 22:46:11","post_date_gmt":"2022-03-24 11:46:11","post_content":"\n

Floyd \u2019Money\u2019 Mayweather has re-entered the world of cryptocurrency with the announcement of his 2nd NFT project, dubbed Mayweverse. <\/p>\n\n\n\n

The project will consist of 5 different NFTs, each NFT will have 1000 copies available to mint. Every card has its own rarity, utility, and prizes. <\/p>\n\n\n\n

Despite how good it may sounds, Twitter users were quick to criticize. Floyd was reminded<\/a> of his previous NFT project<\/a>, which made him nearly US$5 million and is now worthless. \u201cYou already have an NFT project, it\u2019s called @RealFloydNFT. You released it last year and then stopped working on it immediately after. Have you been punched in the head so much that you\u2019re forgetting these things now?\u201d<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Berke_eth\/status\/1506051809542037506\n<\/div><\/figure>\n\n\n\n

Users were quick to call his bluff<\/a>. Floyd states that he has been working on this for months, although the twitter handle @mayweverse<\/a> was created this month. <\/p>\n\n\n\n

Coffezilla, known for calling out rug pulls and scams within the industry tweeted<\/a> his thoughts on the NFT project. He states \"Floyd Mayweather is frantically deleting evidence of his last NFT scam. He's getting roasted by the investors.\" <\/p>\n\n\n\n

Will this NFT collection follow in the footsteps of his previous NFT collection and be abandoned, or will he stick by his word?<\/p>\n","post_title":"Floyd Mayweather Re-enters The World Of Crypto With \u2018Mayweverse\u2019 NFT Project","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"floyd-mayweather-re-enters-the-world-of-crypto-with-mayweverse-nft-project","to_ping":"","pinged":"","post_modified":"2022-03-24 23:37:53","post_modified_gmt":"2022-03-24 12:37:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4089","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4003,"post_author":"1","post_date":"2022-03-21 15:25:03","post_date_gmt":"2022-03-21 04:25:03","post_content":"\n

Adobe-backed creative showcase platform Behance<\/a> to showcase Solana NFTs within the platform. The addition of this feature will allow creators to earn from their designs.<\/p>\n\n\n\n

The feature is only available to creators who have a Phantom Wallet<\/a> connected to their Behance accounts, and are hosted by QuickNode<\/a>. Once this is done, creators can showcase various NFTs from the Solana blockchain on their profiles. <\/p>\n\n\n\n

Adobes Vice President, William Allen, stated that although there are features to implement Ethereum NFTs on the Behance platform already, creators may not want to use Ethereum due to the high gas fees<\/a>. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/williamallen\/status\/1500858469447917571?s=21\n<\/div><\/figure>\n\n\n\n

In turn, Allen addresses<\/a> that \u201cA single transaction on Solana uses less energy than two google searches and costs a fraction of a penny\u201d insisting that it may be a better alternative for some creators. <\/p>\n\n\n\n

\"\"<\/a>
Solanas 1 Day Price Tracker \/ Source - CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

Notes On The Collaborators <\/h2>\n\n\n\n

Phantom Wallet was quick to regard this as a \u201chuge\u201d collaboration for Solana and their emerging creator economy. The low cost and eco friendly nature of Solana will allow a larger range of artists the ability to experiment with NFTs. Allen stated<\/a> on Twitter that Solana will be added to the \u2019Content Credentials\u2019 tool in photoshop, allowing creators to publish NFTs from photoshop ensuring that the work stays their work. <\/p>\n\n\n\n

QuickNode which rented the space within the mainnet of Solana to Adobe is the leading Solana node provider, sustaining over 50% of the entire nodes on the network. No official statement has been released by the team yet. <\/p>\n","post_title":"Solana NFTs To Be Integrated Within Behance","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"solana-nfts-to-be-integrated-within-behance","to_ping":"","pinged":"","post_modified":"2023-04-11 12:51:53","post_modified_gmt":"2023-04-11 02:51:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4003","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3933,"post_author":"1","post_date":"2022-03-14 22:44:23","post_date_gmt":"2022-03-14 11:44:23","post_content":"\n

EtherRock #44, an NFT<\/a> valued at around US$1,000,000 was accidentally listed<\/a> for 444 Wei<\/a> (>US$0.0000001), rather than 444 Ether (US$1,151,000).<\/p>\n\n\n\n

Former owner Dino, posted about the unfortunate event on Twitter.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501802006364635139?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1501802006364635139%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.tronweekly.com%2F1m-worth-rock-nft-sells-for-under-a-penny%2F\n<\/div><\/figure>\n\n\n\n

The EtherRock was instantly purchased<\/a> and relisted by a bot, within the same block, with Dino requesting<\/a> an Etherscan refund. This has so far been unsuccessful. <\/p>\n\n\n\n

Although a very costly mistake, Dino has made his peace with the situation, agreeing it was more of an \"easy come, easy go\" situation. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501897330353934337\n<\/div><\/figure>\n\n\n\n

\"They say it is better to have rocked and lost rock than to have never rocked at all.\"<\/em><\/p>HiddenGnome on Twitter<\/a><\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"EtherRock Worth $1M Sold For A Fraction Of A Cent","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"etherrock-worth-1m-sold-for-a-fraction-of-a-cent","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/wei\/","post_modified":"2023-04-11 12:52:09","post_modified_gmt":"2023-04-11 02:52:09","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3933","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3890,"post_author":"1","post_date":"2022-03-13 19:50:24","post_date_gmt":"2022-03-13 08:50:24","post_content":"\n

Yuga Labs, the company behind the Bored Ape Yacht Club NFT collection, has acquired CryptoPunks and Meebits from fellow developer Larva Labs.<\/p>\n\n\n\n

A joint<\/a> announcement<\/a> was made by Larva Labs and Yuga Labs on Twitter<\/a> on Friday evening.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/yugalabs\/status\/1502420714527334406?s=20&t=IyM-KDtJPh0WaI5XPfA10A\n<\/div><\/figure>\n\n\n\n

Yuga Labs \"now own the brands, copyright in the art, and other IP rights for both collections, along with 423 CryptoPunks and 1711 Meebits\" according to their announcement. This means that they own both the 1st<\/a> and 2nd<\/a> most valuable NFT collections on the market.<\/p>\n\n\n\n

Yuga Labs plans to grant the commercial rights to all CryptoPunk and Meebit NFTs to their owners, as has been done for BAYC owners. This still means that Yuga Labs owns the collection and will \"be building the overall brand right alongside them\", but each NFT owner can monetize their specific ape.<\/p>\n\n\n\n

\"It\u2019s been amazing to watch the BAYC ecosystem use their rights to collaborate and build awesome shit we never could have dreamed up. We can\u2019t wait to see the Cryptopunks and Meebits communities do the same.<\/em>\"<\/p>Yuga Labs on Twitter<\/a><\/cite><\/blockquote>\n","post_title":"BAYC's Yuga Labs Acquires Rights To CryptoPunks And Meebits","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"baycs-yuga-labs-acquires-rights-to-cryptopunks-and-meebits","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:28","post_modified_gmt":"2022-03-14 10:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n

LooksRare is aware of the fact this is happening. They retweeted <\/a>a tweet that called these tactics \"genius\" back near their launch in January, they also did not institute any methods at their launch to deter users from buying and selling their own NFTs at inflated prices.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/LooksRareNFT\/status\/1487018639949582336?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1487018639949582336%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fdecrypt.co%2F91510%2Flooksrare-has-reportedly-generated-8b-ethereum-nft-wash-trading\n<\/div><\/figure>\n\n\n\n

\u201cIt seems that organic trading is indeed increasing in LooksRare. The difference between selling expensive NFTs like BAYC on LooksRare rather than OpenSea can become a 1-2 Ether difference that the seller saves. So it appears that the NFT community is slowly adopting other options outside the incumbent.\u201d <\/em><\/p>Pedro Herrera, Senior Data Analyst at DappRadar. <\/cite><\/blockquote>\n\n\n\n

Although this success may not be long-lived. Wash trading in other markets is considered an illegal act. Chainalysis made a point of this in a report<\/a> and recommends LooksRare to discourage the activity of wash trading. As regulators<\/a> start taking closer looks into markets, these moves which seem fine now may eventually come back to hit the users even harder.<\/p>\n","post_title":"Wash Trading Makes Up 95% Of LooksRare Trading Volume","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"wash-trading-makes-up-95-of-looksrare-trading-volume","to_ping":"","pinged":"https:\/\/blog.chainalysis.com\/reports\/2022-crypto-crime-report-preview-nft-wash-trading-money-laundering\/\nhttps:\/\/www.thedistributed.co\/gas-fees\/","post_modified":"2022-04-07 21:27:34","post_modified_gmt":"2022-04-07 11:27:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4226","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4202,"post_author":"1","post_date":"2022-04-05 21:00:49","post_date_gmt":"2022-04-05 11:00:49","post_content":"\n

The United Kingdom government has announced plans to release a non-fungible token (NFT<\/a>) project dubbed the 'Royal Mint NFT'. This announcement correlates with their plan for a \"forward-looking approach\" towards crypto assets in the UK.<\/p>\n\n\n\n

Chancellor of the Exchequer (national treasury) Rishi Sunak has asked the U.K's Royal Mint to produce an NFT in the following months prior to summer.<\/p>\n\n\n\n

Economic Secretary to the Treasury John Glen stated<\/a> in a keynote speech the Royal Mint NFT collection will be \"an emblem of the forward-looking approach we are determined to take\"<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/hmtreasury\/status\/1510971092072079360?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1510971092072079360%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thedistributed.co%2Fwp-admin%2Fpost.php%3Fpost%3D4202action%3Dedit\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the adoption of <\/a>stablecoins<\/a> by the UK government<\/a>. The UK will proactively explore the potentially transformative benefits of\u00a0Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

\"We think that by making this country a hospitable place for crypto we can attract investment, generate swathes of new jobs, and create a wave of ground-breaking new products and services. We\u2019re on the cusp of something important. We have the opportunity to shape and lead it. And that is what we\u2019ll do.<\/em>\"<\/p>John Glen, Economic Secretary to the Treasury<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"UK Government Plans The 'Royal Mint NFT'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-plans-the-royal-mint-nft","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-04-24 23:19:34","post_modified_gmt":"2022-04-24 13:19:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4202","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/wongmjane\/status\/1486077324630302721\n<\/div><\/figure>\n\n\n\n

Solana is a Layer 1<\/a> blockchain, like Ethereum. Although, Solana uses Proof-of-History<\/a> as its consensus mechanism compared to Ethereum's Proof-of-Work. This allows Solana to have a throughput of 60,000 transactions per second, compared to Ethereum's current 15 transactions per second. This would make Solana a cheaper network to use, with much lower gas fees<\/a> compared with a blockchain like Ethereum.<\/p>\n\n\n\n

Solana is up 11.23% today at a price of $124.14, with a 24-hour trading volume of $3,860,298,289 USD.<\/p>\n\n\n\n

\"Solana
Solana Price Data on 31st March - Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"OpenSea To Support Solana NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"opensea-to-support-solana-nfts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/blockchain-essentials-application-layer-protocols\/","post_modified":"2023-04-11 12:49:54","post_modified_gmt":"2023-04-11 02:49:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4175","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4087,"post_author":"1","post_date":"2022-03-24 23:37:18","post_date_gmt":"2022-03-24 12:37:18","post_content":"\n

In a\u00a0blog post<\/a>\u00a0by Loopring's head of growth, Adam Browman states that \"the GameStop NFT Marketplace has taken its first steps to welcome users, and it is built atop Loopring!\"<\/p>\n\n\n\n

Browman believes that the project \"has the potential to cement itself at the forefront of this new paradigm and become the destination for global digital economies.\" The blog post states that users can get early access to the project now to set up usernames and profiles, as well as make their first deposits.<\/p>\n\n\n\n

GameStop and NFTs<\/h2>\n\n\n\n

Rumors circulating since November\u00a0suggested that Loopring might be working with GameStop on a metaverse-related project. The Wall Street Journal\u00a0reported<\/a> in January\u00a0that GameStop was planning to build a new team focused on NFTs.<\/p>\n\n\n\n

Soon after that announcement, GameStop mentioned Immuntable X as their primary partner for the project. Despite this fact, Loopring was mentioned<\/a> at the time in an SEC filing<\/a>.<\/p>\n\n\n\n

According to an article from Decrypt<\/a>, there has been a lot of confusion on the topic and who is powering the NFT marketplace. It turns out that both Loopring and Immutable X are powering the NFT plans of GameStop. Although Immutable X tweeted<\/a> in a thread how they are the \"preferred partner\".<\/p>\n\n\n\n

Immutable mentioned the Loopring integration \u201cwas not a surprise (and we welcome them!).\" The marketplace will act as an aggregator across NFT minting platforms. Although, it appears that Immutable X will receive the most focus on the marketplace being the \"preferred partner\".<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Immutable\/status\/1506596126677295108\n<\/div><\/figure>\n\n\n\n

Since the announcement, $LRC<\/a>, the native token of Layer 2 blockchain<\/a> Loopring has soared over 35% to a high of $1.21. Although it is now trading steadily at $1.09. Loopring is currently sitting at a market cap of US$1.46 billion, according to data from CoinMarketCap.<\/p>\n\n\n\n

$IMX<\/a>, the token on the Immutable X blockchain is down 8.9% in the past 24 hours, trading at $2.19, according to data from CoinMarketCap.<\/p>\n\n\n\n

The other company in the mix, GameStop also had a huge day seeing a 14.5% gain to $141 in GME<\/a> stocks. Over 24 million GME shares were traded today alone. <\/p>\n","post_title":"GameStop NFT Marketplace Has Entered Beta, Integrated With Loopring","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"gamestop-nft-marketplace-has-entered-beta-integrated-with-loopring","to_ping":"","pinged":"","post_modified":"2022-03-24 23:37:42","post_modified_gmt":"2022-03-24 12:37:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4087","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4089,"post_author":"1","post_date":"2022-03-24 22:46:11","post_date_gmt":"2022-03-24 11:46:11","post_content":"\n

Floyd \u2019Money\u2019 Mayweather has re-entered the world of cryptocurrency with the announcement of his 2nd NFT project, dubbed Mayweverse. <\/p>\n\n\n\n

The project will consist of 5 different NFTs, each NFT will have 1000 copies available to mint. Every card has its own rarity, utility, and prizes. <\/p>\n\n\n\n

Despite how good it may sounds, Twitter users were quick to criticize. Floyd was reminded<\/a> of his previous NFT project<\/a>, which made him nearly US$5 million and is now worthless. \u201cYou already have an NFT project, it\u2019s called @RealFloydNFT. You released it last year and then stopped working on it immediately after. Have you been punched in the head so much that you\u2019re forgetting these things now?\u201d<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Berke_eth\/status\/1506051809542037506\n<\/div><\/figure>\n\n\n\n

Users were quick to call his bluff<\/a>. Floyd states that he has been working on this for months, although the twitter handle @mayweverse<\/a> was created this month. <\/p>\n\n\n\n

Coffezilla, known for calling out rug pulls and scams within the industry tweeted<\/a> his thoughts on the NFT project. He states \"Floyd Mayweather is frantically deleting evidence of his last NFT scam. He's getting roasted by the investors.\" <\/p>\n\n\n\n

Will this NFT collection follow in the footsteps of his previous NFT collection and be abandoned, or will he stick by his word?<\/p>\n","post_title":"Floyd Mayweather Re-enters The World Of Crypto With \u2018Mayweverse\u2019 NFT Project","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"floyd-mayweather-re-enters-the-world-of-crypto-with-mayweverse-nft-project","to_ping":"","pinged":"","post_modified":"2022-03-24 23:37:53","post_modified_gmt":"2022-03-24 12:37:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4089","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4003,"post_author":"1","post_date":"2022-03-21 15:25:03","post_date_gmt":"2022-03-21 04:25:03","post_content":"\n

Adobe-backed creative showcase platform Behance<\/a> to showcase Solana NFTs within the platform. The addition of this feature will allow creators to earn from their designs.<\/p>\n\n\n\n

The feature is only available to creators who have a Phantom Wallet<\/a> connected to their Behance accounts, and are hosted by QuickNode<\/a>. Once this is done, creators can showcase various NFTs from the Solana blockchain on their profiles. <\/p>\n\n\n\n

Adobes Vice President, William Allen, stated that although there are features to implement Ethereum NFTs on the Behance platform already, creators may not want to use Ethereum due to the high gas fees<\/a>. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/williamallen\/status\/1500858469447917571?s=21\n<\/div><\/figure>\n\n\n\n

In turn, Allen addresses<\/a> that \u201cA single transaction on Solana uses less energy than two google searches and costs a fraction of a penny\u201d insisting that it may be a better alternative for some creators. <\/p>\n\n\n\n

\"\"<\/a>
Solanas 1 Day Price Tracker \/ Source - CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

Notes On The Collaborators <\/h2>\n\n\n\n

Phantom Wallet was quick to regard this as a \u201chuge\u201d collaboration for Solana and their emerging creator economy. The low cost and eco friendly nature of Solana will allow a larger range of artists the ability to experiment with NFTs. Allen stated<\/a> on Twitter that Solana will be added to the \u2019Content Credentials\u2019 tool in photoshop, allowing creators to publish NFTs from photoshop ensuring that the work stays their work. <\/p>\n\n\n\n

QuickNode which rented the space within the mainnet of Solana to Adobe is the leading Solana node provider, sustaining over 50% of the entire nodes on the network. No official statement has been released by the team yet. <\/p>\n","post_title":"Solana NFTs To Be Integrated Within Behance","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"solana-nfts-to-be-integrated-within-behance","to_ping":"","pinged":"","post_modified":"2023-04-11 12:51:53","post_modified_gmt":"2023-04-11 02:51:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4003","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3933,"post_author":"1","post_date":"2022-03-14 22:44:23","post_date_gmt":"2022-03-14 11:44:23","post_content":"\n

EtherRock #44, an NFT<\/a> valued at around US$1,000,000 was accidentally listed<\/a> for 444 Wei<\/a> (>US$0.0000001), rather than 444 Ether (US$1,151,000).<\/p>\n\n\n\n

Former owner Dino, posted about the unfortunate event on Twitter.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501802006364635139?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1501802006364635139%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.tronweekly.com%2F1m-worth-rock-nft-sells-for-under-a-penny%2F\n<\/div><\/figure>\n\n\n\n

The EtherRock was instantly purchased<\/a> and relisted by a bot, within the same block, with Dino requesting<\/a> an Etherscan refund. This has so far been unsuccessful. <\/p>\n\n\n\n

Although a very costly mistake, Dino has made his peace with the situation, agreeing it was more of an \"easy come, easy go\" situation. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501897330353934337\n<\/div><\/figure>\n\n\n\n

\"They say it is better to have rocked and lost rock than to have never rocked at all.\"<\/em><\/p>HiddenGnome on Twitter<\/a><\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"EtherRock Worth $1M Sold For A Fraction Of A Cent","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"etherrock-worth-1m-sold-for-a-fraction-of-a-cent","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/wei\/","post_modified":"2023-04-11 12:52:09","post_modified_gmt":"2023-04-11 02:52:09","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3933","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3890,"post_author":"1","post_date":"2022-03-13 19:50:24","post_date_gmt":"2022-03-13 08:50:24","post_content":"\n

Yuga Labs, the company behind the Bored Ape Yacht Club NFT collection, has acquired CryptoPunks and Meebits from fellow developer Larva Labs.<\/p>\n\n\n\n

A joint<\/a> announcement<\/a> was made by Larva Labs and Yuga Labs on Twitter<\/a> on Friday evening.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/yugalabs\/status\/1502420714527334406?s=20&t=IyM-KDtJPh0WaI5XPfA10A\n<\/div><\/figure>\n\n\n\n

Yuga Labs \"now own the brands, copyright in the art, and other IP rights for both collections, along with 423 CryptoPunks and 1711 Meebits\" according to their announcement. This means that they own both the 1st<\/a> and 2nd<\/a> most valuable NFT collections on the market.<\/p>\n\n\n\n

Yuga Labs plans to grant the commercial rights to all CryptoPunk and Meebit NFTs to their owners, as has been done for BAYC owners. This still means that Yuga Labs owns the collection and will \"be building the overall brand right alongside them\", but each NFT owner can monetize their specific ape.<\/p>\n\n\n\n

\"It\u2019s been amazing to watch the BAYC ecosystem use their rights to collaborate and build awesome shit we never could have dreamed up. We can\u2019t wait to see the Cryptopunks and Meebits communities do the same.<\/em>\"<\/p>Yuga Labs on Twitter<\/a><\/cite><\/blockquote>\n","post_title":"BAYC's Yuga Labs Acquires Rights To CryptoPunks And Meebits","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"baycs-yuga-labs-acquires-rights-to-cryptopunks-and-meebits","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:28","post_modified_gmt":"2022-03-14 10:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n

With this users can cheat the system. NFTs can be wash traded where the prices of the NFT would be inflated to the point that the $LOOKS reward would be enough to cover the Ethereum gas fees<\/a> and LooksRare's 2% marketplace fee. With this fact, LooksRare also provides staking rewards for users who stake $LOOKS on the platform, paid out in Wrapped Ethereum ($WETH<\/a>), this is an even larger reason for users to keep using the site.<\/p>\n\n\n\n

LooksRare is aware of the fact this is happening. They retweeted <\/a>a tweet that called these tactics \"genius\" back near their launch in January, they also did not institute any methods at their launch to deter users from buying and selling their own NFTs at inflated prices.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/LooksRareNFT\/status\/1487018639949582336?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1487018639949582336%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fdecrypt.co%2F91510%2Flooksrare-has-reportedly-generated-8b-ethereum-nft-wash-trading\n<\/div><\/figure>\n\n\n\n

\u201cIt seems that organic trading is indeed increasing in LooksRare. The difference between selling expensive NFTs like BAYC on LooksRare rather than OpenSea can become a 1-2 Ether difference that the seller saves. So it appears that the NFT community is slowly adopting other options outside the incumbent.\u201d <\/em><\/p>Pedro Herrera, Senior Data Analyst at DappRadar. <\/cite><\/blockquote>\n\n\n\n

Although this success may not be long-lived. Wash trading in other markets is considered an illegal act. Chainalysis made a point of this in a report<\/a> and recommends LooksRare to discourage the activity of wash trading. As regulators<\/a> start taking closer looks into markets, these moves which seem fine now may eventually come back to hit the users even harder.<\/p>\n","post_title":"Wash Trading Makes Up 95% Of LooksRare Trading Volume","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"wash-trading-makes-up-95-of-looksrare-trading-volume","to_ping":"","pinged":"https:\/\/blog.chainalysis.com\/reports\/2022-crypto-crime-report-preview-nft-wash-trading-money-laundering\/\nhttps:\/\/www.thedistributed.co\/gas-fees\/","post_modified":"2022-04-07 21:27:34","post_modified_gmt":"2022-04-07 11:27:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4226","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4202,"post_author":"1","post_date":"2022-04-05 21:00:49","post_date_gmt":"2022-04-05 11:00:49","post_content":"\n

The United Kingdom government has announced plans to release a non-fungible token (NFT<\/a>) project dubbed the 'Royal Mint NFT'. This announcement correlates with their plan for a \"forward-looking approach\" towards crypto assets in the UK.<\/p>\n\n\n\n

Chancellor of the Exchequer (national treasury) Rishi Sunak has asked the U.K's Royal Mint to produce an NFT in the following months prior to summer.<\/p>\n\n\n\n

Economic Secretary to the Treasury John Glen stated<\/a> in a keynote speech the Royal Mint NFT collection will be \"an emblem of the forward-looking approach we are determined to take\"<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/hmtreasury\/status\/1510971092072079360?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1510971092072079360%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thedistributed.co%2Fwp-admin%2Fpost.php%3Fpost%3D4202action%3Dedit\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the adoption of <\/a>stablecoins<\/a> by the UK government<\/a>. The UK will proactively explore the potentially transformative benefits of\u00a0Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

\"We think that by making this country a hospitable place for crypto we can attract investment, generate swathes of new jobs, and create a wave of ground-breaking new products and services. We\u2019re on the cusp of something important. We have the opportunity to shape and lead it. And that is what we\u2019ll do.<\/em>\"<\/p>John Glen, Economic Secretary to the Treasury<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"UK Government Plans The 'Royal Mint NFT'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-plans-the-royal-mint-nft","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-04-24 23:19:34","post_modified_gmt":"2022-04-24 13:19:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4202","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/wongmjane\/status\/1486077324630302721\n<\/div><\/figure>\n\n\n\n

Solana is a Layer 1<\/a> blockchain, like Ethereum. Although, Solana uses Proof-of-History<\/a> as its consensus mechanism compared to Ethereum's Proof-of-Work. This allows Solana to have a throughput of 60,000 transactions per second, compared to Ethereum's current 15 transactions per second. This would make Solana a cheaper network to use, with much lower gas fees<\/a> compared with a blockchain like Ethereum.<\/p>\n\n\n\n

Solana is up 11.23% today at a price of $124.14, with a 24-hour trading volume of $3,860,298,289 USD.<\/p>\n\n\n\n

\"Solana
Solana Price Data on 31st March - Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"OpenSea To Support Solana NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"opensea-to-support-solana-nfts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/blockchain-essentials-application-layer-protocols\/","post_modified":"2023-04-11 12:49:54","post_modified_gmt":"2023-04-11 02:49:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4175","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4087,"post_author":"1","post_date":"2022-03-24 23:37:18","post_date_gmt":"2022-03-24 12:37:18","post_content":"\n

In a\u00a0blog post<\/a>\u00a0by Loopring's head of growth, Adam Browman states that \"the GameStop NFT Marketplace has taken its first steps to welcome users, and it is built atop Loopring!\"<\/p>\n\n\n\n

Browman believes that the project \"has the potential to cement itself at the forefront of this new paradigm and become the destination for global digital economies.\" The blog post states that users can get early access to the project now to set up usernames and profiles, as well as make their first deposits.<\/p>\n\n\n\n

GameStop and NFTs<\/h2>\n\n\n\n

Rumors circulating since November\u00a0suggested that Loopring might be working with GameStop on a metaverse-related project. The Wall Street Journal\u00a0reported<\/a> in January\u00a0that GameStop was planning to build a new team focused on NFTs.<\/p>\n\n\n\n

Soon after that announcement, GameStop mentioned Immuntable X as their primary partner for the project. Despite this fact, Loopring was mentioned<\/a> at the time in an SEC filing<\/a>.<\/p>\n\n\n\n

According to an article from Decrypt<\/a>, there has been a lot of confusion on the topic and who is powering the NFT marketplace. It turns out that both Loopring and Immutable X are powering the NFT plans of GameStop. Although Immutable X tweeted<\/a> in a thread how they are the \"preferred partner\".<\/p>\n\n\n\n

Immutable mentioned the Loopring integration \u201cwas not a surprise (and we welcome them!).\" The marketplace will act as an aggregator across NFT minting platforms. Although, it appears that Immutable X will receive the most focus on the marketplace being the \"preferred partner\".<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Immutable\/status\/1506596126677295108\n<\/div><\/figure>\n\n\n\n

Since the announcement, $LRC<\/a>, the native token of Layer 2 blockchain<\/a> Loopring has soared over 35% to a high of $1.21. Although it is now trading steadily at $1.09. Loopring is currently sitting at a market cap of US$1.46 billion, according to data from CoinMarketCap.<\/p>\n\n\n\n

$IMX<\/a>, the token on the Immutable X blockchain is down 8.9% in the past 24 hours, trading at $2.19, according to data from CoinMarketCap.<\/p>\n\n\n\n

The other company in the mix, GameStop also had a huge day seeing a 14.5% gain to $141 in GME<\/a> stocks. Over 24 million GME shares were traded today alone. <\/p>\n","post_title":"GameStop NFT Marketplace Has Entered Beta, Integrated With Loopring","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"gamestop-nft-marketplace-has-entered-beta-integrated-with-loopring","to_ping":"","pinged":"","post_modified":"2022-03-24 23:37:42","post_modified_gmt":"2022-03-24 12:37:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4087","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4089,"post_author":"1","post_date":"2022-03-24 22:46:11","post_date_gmt":"2022-03-24 11:46:11","post_content":"\n

Floyd \u2019Money\u2019 Mayweather has re-entered the world of cryptocurrency with the announcement of his 2nd NFT project, dubbed Mayweverse. <\/p>\n\n\n\n

The project will consist of 5 different NFTs, each NFT will have 1000 copies available to mint. Every card has its own rarity, utility, and prizes. <\/p>\n\n\n\n

Despite how good it may sounds, Twitter users were quick to criticize. Floyd was reminded<\/a> of his previous NFT project<\/a>, which made him nearly US$5 million and is now worthless. \u201cYou already have an NFT project, it\u2019s called @RealFloydNFT. You released it last year and then stopped working on it immediately after. Have you been punched in the head so much that you\u2019re forgetting these things now?\u201d<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Berke_eth\/status\/1506051809542037506\n<\/div><\/figure>\n\n\n\n

Users were quick to call his bluff<\/a>. Floyd states that he has been working on this for months, although the twitter handle @mayweverse<\/a> was created this month. <\/p>\n\n\n\n

Coffezilla, known for calling out rug pulls and scams within the industry tweeted<\/a> his thoughts on the NFT project. He states \"Floyd Mayweather is frantically deleting evidence of his last NFT scam. He's getting roasted by the investors.\" <\/p>\n\n\n\n

Will this NFT collection follow in the footsteps of his previous NFT collection and be abandoned, or will he stick by his word?<\/p>\n","post_title":"Floyd Mayweather Re-enters The World Of Crypto With \u2018Mayweverse\u2019 NFT Project","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"floyd-mayweather-re-enters-the-world-of-crypto-with-mayweverse-nft-project","to_ping":"","pinged":"","post_modified":"2022-03-24 23:37:53","post_modified_gmt":"2022-03-24 12:37:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4089","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4003,"post_author":"1","post_date":"2022-03-21 15:25:03","post_date_gmt":"2022-03-21 04:25:03","post_content":"\n

Adobe-backed creative showcase platform Behance<\/a> to showcase Solana NFTs within the platform. The addition of this feature will allow creators to earn from their designs.<\/p>\n\n\n\n

The feature is only available to creators who have a Phantom Wallet<\/a> connected to their Behance accounts, and are hosted by QuickNode<\/a>. Once this is done, creators can showcase various NFTs from the Solana blockchain on their profiles. <\/p>\n\n\n\n

Adobes Vice President, William Allen, stated that although there are features to implement Ethereum NFTs on the Behance platform already, creators may not want to use Ethereum due to the high gas fees<\/a>. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/williamallen\/status\/1500858469447917571?s=21\n<\/div><\/figure>\n\n\n\n

In turn, Allen addresses<\/a> that \u201cA single transaction on Solana uses less energy than two google searches and costs a fraction of a penny\u201d insisting that it may be a better alternative for some creators. <\/p>\n\n\n\n

\"\"<\/a>
Solanas 1 Day Price Tracker \/ Source - CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

Notes On The Collaborators <\/h2>\n\n\n\n

Phantom Wallet was quick to regard this as a \u201chuge\u201d collaboration for Solana and their emerging creator economy. The low cost and eco friendly nature of Solana will allow a larger range of artists the ability to experiment with NFTs. Allen stated<\/a> on Twitter that Solana will be added to the \u2019Content Credentials\u2019 tool in photoshop, allowing creators to publish NFTs from photoshop ensuring that the work stays their work. <\/p>\n\n\n\n

QuickNode which rented the space within the mainnet of Solana to Adobe is the leading Solana node provider, sustaining over 50% of the entire nodes on the network. No official statement has been released by the team yet. <\/p>\n","post_title":"Solana NFTs To Be Integrated Within Behance","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"solana-nfts-to-be-integrated-within-behance","to_ping":"","pinged":"","post_modified":"2023-04-11 12:51:53","post_modified_gmt":"2023-04-11 02:51:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4003","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3933,"post_author":"1","post_date":"2022-03-14 22:44:23","post_date_gmt":"2022-03-14 11:44:23","post_content":"\n

EtherRock #44, an NFT<\/a> valued at around US$1,000,000 was accidentally listed<\/a> for 444 Wei<\/a> (>US$0.0000001), rather than 444 Ether (US$1,151,000).<\/p>\n\n\n\n

Former owner Dino, posted about the unfortunate event on Twitter.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501802006364635139?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1501802006364635139%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.tronweekly.com%2F1m-worth-rock-nft-sells-for-under-a-penny%2F\n<\/div><\/figure>\n\n\n\n

The EtherRock was instantly purchased<\/a> and relisted by a bot, within the same block, with Dino requesting<\/a> an Etherscan refund. This has so far been unsuccessful. <\/p>\n\n\n\n

Although a very costly mistake, Dino has made his peace with the situation, agreeing it was more of an \"easy come, easy go\" situation. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501897330353934337\n<\/div><\/figure>\n\n\n\n

\"They say it is better to have rocked and lost rock than to have never rocked at all.\"<\/em><\/p>HiddenGnome on Twitter<\/a><\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"EtherRock Worth $1M Sold For A Fraction Of A Cent","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"etherrock-worth-1m-sold-for-a-fraction-of-a-cent","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/wei\/","post_modified":"2023-04-11 12:52:09","post_modified_gmt":"2023-04-11 02:52:09","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3933","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3890,"post_author":"1","post_date":"2022-03-13 19:50:24","post_date_gmt":"2022-03-13 08:50:24","post_content":"\n

Yuga Labs, the company behind the Bored Ape Yacht Club NFT collection, has acquired CryptoPunks and Meebits from fellow developer Larva Labs.<\/p>\n\n\n\n

A joint<\/a> announcement<\/a> was made by Larva Labs and Yuga Labs on Twitter<\/a> on Friday evening.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/yugalabs\/status\/1502420714527334406?s=20&t=IyM-KDtJPh0WaI5XPfA10A\n<\/div><\/figure>\n\n\n\n

Yuga Labs \"now own the brands, copyright in the art, and other IP rights for both collections, along with 423 CryptoPunks and 1711 Meebits\" according to their announcement. This means that they own both the 1st<\/a> and 2nd<\/a> most valuable NFT collections on the market.<\/p>\n\n\n\n

Yuga Labs plans to grant the commercial rights to all CryptoPunk and Meebit NFTs to their owners, as has been done for BAYC owners. This still means that Yuga Labs owns the collection and will \"be building the overall brand right alongside them\", but each NFT owner can monetize their specific ape.<\/p>\n\n\n\n

\"It\u2019s been amazing to watch the BAYC ecosystem use their rights to collaborate and build awesome shit we never could have dreamed up. We can\u2019t wait to see the Cryptopunks and Meebits communities do the same.<\/em>\"<\/p>Yuga Labs on Twitter<\/a><\/cite><\/blockquote>\n","post_title":"BAYC's Yuga Labs Acquires Rights To CryptoPunks And Meebits","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"baycs-yuga-labs-acquires-rights-to-cryptopunks-and-meebits","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:28","post_modified_gmt":"2022-03-14 10:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 5

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n
\"\"
LooksRare Historical Trading Volume - Source: DappRadar<\/a><\/figcaption><\/figure>\n\n\n\n

With this users can cheat the system. NFTs can be wash traded where the prices of the NFT would be inflated to the point that the $LOOKS reward would be enough to cover the Ethereum gas fees<\/a> and LooksRare's 2% marketplace fee. With this fact, LooksRare also provides staking rewards for users who stake $LOOKS on the platform, paid out in Wrapped Ethereum ($WETH<\/a>), this is an even larger reason for users to keep using the site.<\/p>\n\n\n\n

LooksRare is aware of the fact this is happening. They retweeted <\/a>a tweet that called these tactics \"genius\" back near their launch in January, they also did not institute any methods at their launch to deter users from buying and selling their own NFTs at inflated prices.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/LooksRareNFT\/status\/1487018639949582336?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1487018639949582336%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fdecrypt.co%2F91510%2Flooksrare-has-reportedly-generated-8b-ethereum-nft-wash-trading\n<\/div><\/figure>\n\n\n\n

\u201cIt seems that organic trading is indeed increasing in LooksRare. The difference between selling expensive NFTs like BAYC on LooksRare rather than OpenSea can become a 1-2 Ether difference that the seller saves. So it appears that the NFT community is slowly adopting other options outside the incumbent.\u201d <\/em><\/p>Pedro Herrera, Senior Data Analyst at DappRadar. <\/cite><\/blockquote>\n\n\n\n

Although this success may not be long-lived. Wash trading in other markets is considered an illegal act. Chainalysis made a point of this in a report<\/a> and recommends LooksRare to discourage the activity of wash trading. As regulators<\/a> start taking closer looks into markets, these moves which seem fine now may eventually come back to hit the users even harder.<\/p>\n","post_title":"Wash Trading Makes Up 95% Of LooksRare Trading Volume","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"wash-trading-makes-up-95-of-looksrare-trading-volume","to_ping":"","pinged":"https:\/\/blog.chainalysis.com\/reports\/2022-crypto-crime-report-preview-nft-wash-trading-money-laundering\/\nhttps:\/\/www.thedistributed.co\/gas-fees\/","post_modified":"2022-04-07 21:27:34","post_modified_gmt":"2022-04-07 11:27:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4226","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4202,"post_author":"1","post_date":"2022-04-05 21:00:49","post_date_gmt":"2022-04-05 11:00:49","post_content":"\n

The United Kingdom government has announced plans to release a non-fungible token (NFT<\/a>) project dubbed the 'Royal Mint NFT'. This announcement correlates with their plan for a \"forward-looking approach\" towards crypto assets in the UK.<\/p>\n\n\n\n

Chancellor of the Exchequer (national treasury) Rishi Sunak has asked the U.K's Royal Mint to produce an NFT in the following months prior to summer.<\/p>\n\n\n\n

Economic Secretary to the Treasury John Glen stated<\/a> in a keynote speech the Royal Mint NFT collection will be \"an emblem of the forward-looking approach we are determined to take\"<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/hmtreasury\/status\/1510971092072079360?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1510971092072079360%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thedistributed.co%2Fwp-admin%2Fpost.php%3Fpost%3D4202action%3Dedit\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the adoption of <\/a>stablecoins<\/a> by the UK government<\/a>. The UK will proactively explore the potentially transformative benefits of\u00a0Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

\"We think that by making this country a hospitable place for crypto we can attract investment, generate swathes of new jobs, and create a wave of ground-breaking new products and services. We\u2019re on the cusp of something important. We have the opportunity to shape and lead it. And that is what we\u2019ll do.<\/em>\"<\/p>John Glen, Economic Secretary to the Treasury<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"UK Government Plans The 'Royal Mint NFT'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-plans-the-royal-mint-nft","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-04-24 23:19:34","post_modified_gmt":"2022-04-24 13:19:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4202","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/wongmjane\/status\/1486077324630302721\n<\/div><\/figure>\n\n\n\n

Solana is a Layer 1<\/a> blockchain, like Ethereum. Although, Solana uses Proof-of-History<\/a> as its consensus mechanism compared to Ethereum's Proof-of-Work. This allows Solana to have a throughput of 60,000 transactions per second, compared to Ethereum's current 15 transactions per second. This would make Solana a cheaper network to use, with much lower gas fees<\/a> compared with a blockchain like Ethereum.<\/p>\n\n\n\n

Solana is up 11.23% today at a price of $124.14, with a 24-hour trading volume of $3,860,298,289 USD.<\/p>\n\n\n\n

\"Solana
Solana Price Data on 31st March - Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"OpenSea To Support Solana NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"opensea-to-support-solana-nfts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/blockchain-essentials-application-layer-protocols\/","post_modified":"2023-04-11 12:49:54","post_modified_gmt":"2023-04-11 02:49:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4175","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4087,"post_author":"1","post_date":"2022-03-24 23:37:18","post_date_gmt":"2022-03-24 12:37:18","post_content":"\n

In a\u00a0blog post<\/a>\u00a0by Loopring's head of growth, Adam Browman states that \"the GameStop NFT Marketplace has taken its first steps to welcome users, and it is built atop Loopring!\"<\/p>\n\n\n\n

Browman believes that the project \"has the potential to cement itself at the forefront of this new paradigm and become the destination for global digital economies.\" The blog post states that users can get early access to the project now to set up usernames and profiles, as well as make their first deposits.<\/p>\n\n\n\n

GameStop and NFTs<\/h2>\n\n\n\n

Rumors circulating since November\u00a0suggested that Loopring might be working with GameStop on a metaverse-related project. The Wall Street Journal\u00a0reported<\/a> in January\u00a0that GameStop was planning to build a new team focused on NFTs.<\/p>\n\n\n\n

Soon after that announcement, GameStop mentioned Immuntable X as their primary partner for the project. Despite this fact, Loopring was mentioned<\/a> at the time in an SEC filing<\/a>.<\/p>\n\n\n\n

According to an article from Decrypt<\/a>, there has been a lot of confusion on the topic and who is powering the NFT marketplace. It turns out that both Loopring and Immutable X are powering the NFT plans of GameStop. Although Immutable X tweeted<\/a> in a thread how they are the \"preferred partner\".<\/p>\n\n\n\n

Immutable mentioned the Loopring integration \u201cwas not a surprise (and we welcome them!).\" The marketplace will act as an aggregator across NFT minting platforms. Although, it appears that Immutable X will receive the most focus on the marketplace being the \"preferred partner\".<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Immutable\/status\/1506596126677295108\n<\/div><\/figure>\n\n\n\n

Since the announcement, $LRC<\/a>, the native token of Layer 2 blockchain<\/a> Loopring has soared over 35% to a high of $1.21. Although it is now trading steadily at $1.09. Loopring is currently sitting at a market cap of US$1.46 billion, according to data from CoinMarketCap.<\/p>\n\n\n\n

$IMX<\/a>, the token on the Immutable X blockchain is down 8.9% in the past 24 hours, trading at $2.19, according to data from CoinMarketCap.<\/p>\n\n\n\n

The other company in the mix, GameStop also had a huge day seeing a 14.5% gain to $141 in GME<\/a> stocks. Over 24 million GME shares were traded today alone. <\/p>\n","post_title":"GameStop NFT Marketplace Has Entered Beta, Integrated With Loopring","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"gamestop-nft-marketplace-has-entered-beta-integrated-with-loopring","to_ping":"","pinged":"","post_modified":"2022-03-24 23:37:42","post_modified_gmt":"2022-03-24 12:37:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4087","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4089,"post_author":"1","post_date":"2022-03-24 22:46:11","post_date_gmt":"2022-03-24 11:46:11","post_content":"\n

Floyd \u2019Money\u2019 Mayweather has re-entered the world of cryptocurrency with the announcement of his 2nd NFT project, dubbed Mayweverse. <\/p>\n\n\n\n

The project will consist of 5 different NFTs, each NFT will have 1000 copies available to mint. Every card has its own rarity, utility, and prizes. <\/p>\n\n\n\n

Despite how good it may sounds, Twitter users were quick to criticize. Floyd was reminded<\/a> of his previous NFT project<\/a>, which made him nearly US$5 million and is now worthless. \u201cYou already have an NFT project, it\u2019s called @RealFloydNFT. You released it last year and then stopped working on it immediately after. Have you been punched in the head so much that you\u2019re forgetting these things now?\u201d<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Berke_eth\/status\/1506051809542037506\n<\/div><\/figure>\n\n\n\n

Users were quick to call his bluff<\/a>. Floyd states that he has been working on this for months, although the twitter handle @mayweverse<\/a> was created this month. <\/p>\n\n\n\n

Coffezilla, known for calling out rug pulls and scams within the industry tweeted<\/a> his thoughts on the NFT project. He states \"Floyd Mayweather is frantically deleting evidence of his last NFT scam. He's getting roasted by the investors.\" <\/p>\n\n\n\n

Will this NFT collection follow in the footsteps of his previous NFT collection and be abandoned, or will he stick by his word?<\/p>\n","post_title":"Floyd Mayweather Re-enters The World Of Crypto With \u2018Mayweverse\u2019 NFT Project","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"floyd-mayweather-re-enters-the-world-of-crypto-with-mayweverse-nft-project","to_ping":"","pinged":"","post_modified":"2022-03-24 23:37:53","post_modified_gmt":"2022-03-24 12:37:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4089","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4003,"post_author":"1","post_date":"2022-03-21 15:25:03","post_date_gmt":"2022-03-21 04:25:03","post_content":"\n

Adobe-backed creative showcase platform Behance<\/a> to showcase Solana NFTs within the platform. The addition of this feature will allow creators to earn from their designs.<\/p>\n\n\n\n

The feature is only available to creators who have a Phantom Wallet<\/a> connected to their Behance accounts, and are hosted by QuickNode<\/a>. Once this is done, creators can showcase various NFTs from the Solana blockchain on their profiles. <\/p>\n\n\n\n

Adobes Vice President, William Allen, stated that although there are features to implement Ethereum NFTs on the Behance platform already, creators may not want to use Ethereum due to the high gas fees<\/a>. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/williamallen\/status\/1500858469447917571?s=21\n<\/div><\/figure>\n\n\n\n

In turn, Allen addresses<\/a> that \u201cA single transaction on Solana uses less energy than two google searches and costs a fraction of a penny\u201d insisting that it may be a better alternative for some creators. <\/p>\n\n\n\n

\"\"<\/a>
Solanas 1 Day Price Tracker \/ Source - CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

Notes On The Collaborators <\/h2>\n\n\n\n

Phantom Wallet was quick to regard this as a \u201chuge\u201d collaboration for Solana and their emerging creator economy. The low cost and eco friendly nature of Solana will allow a larger range of artists the ability to experiment with NFTs. Allen stated<\/a> on Twitter that Solana will be added to the \u2019Content Credentials\u2019 tool in photoshop, allowing creators to publish NFTs from photoshop ensuring that the work stays their work. <\/p>\n\n\n\n

QuickNode which rented the space within the mainnet of Solana to Adobe is the leading Solana node provider, sustaining over 50% of the entire nodes on the network. No official statement has been released by the team yet. <\/p>\n","post_title":"Solana NFTs To Be Integrated Within Behance","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"solana-nfts-to-be-integrated-within-behance","to_ping":"","pinged":"","post_modified":"2023-04-11 12:51:53","post_modified_gmt":"2023-04-11 02:51:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4003","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3933,"post_author":"1","post_date":"2022-03-14 22:44:23","post_date_gmt":"2022-03-14 11:44:23","post_content":"\n

EtherRock #44, an NFT<\/a> valued at around US$1,000,000 was accidentally listed<\/a> for 444 Wei<\/a> (>US$0.0000001), rather than 444 Ether (US$1,151,000).<\/p>\n\n\n\n

Former owner Dino, posted about the unfortunate event on Twitter.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501802006364635139?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1501802006364635139%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.tronweekly.com%2F1m-worth-rock-nft-sells-for-under-a-penny%2F\n<\/div><\/figure>\n\n\n\n

The EtherRock was instantly purchased<\/a> and relisted by a bot, within the same block, with Dino requesting<\/a> an Etherscan refund. This has so far been unsuccessful. <\/p>\n\n\n\n

Although a very costly mistake, Dino has made his peace with the situation, agreeing it was more of an \"easy come, easy go\" situation. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501897330353934337\n<\/div><\/figure>\n\n\n\n

\"They say it is better to have rocked and lost rock than to have never rocked at all.\"<\/em><\/p>HiddenGnome on Twitter<\/a><\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"EtherRock Worth $1M Sold For A Fraction Of A Cent","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"etherrock-worth-1m-sold-for-a-fraction-of-a-cent","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/wei\/","post_modified":"2023-04-11 12:52:09","post_modified_gmt":"2023-04-11 02:52:09","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3933","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3890,"post_author":"1","post_date":"2022-03-13 19:50:24","post_date_gmt":"2022-03-13 08:50:24","post_content":"\n

Yuga Labs, the company behind the Bored Ape Yacht Club NFT collection, has acquired CryptoPunks and Meebits from fellow developer Larva Labs.<\/p>\n\n\n\n

A joint<\/a> announcement<\/a> was made by Larva Labs and Yuga Labs on Twitter<\/a> on Friday evening.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/yugalabs\/status\/1502420714527334406?s=20&t=IyM-KDtJPh0WaI5XPfA10A\n<\/div><\/figure>\n\n\n\n

Yuga Labs \"now own the brands, copyright in the art, and other IP rights for both collections, along with 423 CryptoPunks and 1711 Meebits\" according to their announcement. This means that they own both the 1st<\/a> and 2nd<\/a> most valuable NFT collections on the market.<\/p>\n\n\n\n

Yuga Labs plans to grant the commercial rights to all CryptoPunk and Meebit NFTs to their owners, as has been done for BAYC owners. This still means that Yuga Labs owns the collection and will \"be building the overall brand right alongside them\", but each NFT owner can monetize their specific ape.<\/p>\n\n\n\n

\"It\u2019s been amazing to watch the BAYC ecosystem use their rights to collaborate and build awesome shit we never could have dreamed up. We can\u2019t wait to see the Cryptopunks and Meebits communities do the same.<\/em>\"<\/p>Yuga Labs on Twitter<\/a><\/cite><\/blockquote>\n","post_title":"BAYC's Yuga Labs Acquires Rights To CryptoPunks And Meebits","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"baycs-yuga-labs-acquires-rights-to-cryptopunks-and-meebits","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:28","post_modified_gmt":"2022-03-14 10:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 5

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

LooksRare came up with a genius trading rewards model<\/a> to help grow their site. LooksRare will offer token rewards in LooksRare Token ($LOOKS<\/a>) to users who buy and sell on their platform.<\/p>\n\n\n\n

\"\"
LooksRare Historical Trading Volume - Source: DappRadar<\/a><\/figcaption><\/figure>\n\n\n\n

With this users can cheat the system. NFTs can be wash traded where the prices of the NFT would be inflated to the point that the $LOOKS reward would be enough to cover the Ethereum gas fees<\/a> and LooksRare's 2% marketplace fee. With this fact, LooksRare also provides staking rewards for users who stake $LOOKS on the platform, paid out in Wrapped Ethereum ($WETH<\/a>), this is an even larger reason for users to keep using the site.<\/p>\n\n\n\n

LooksRare is aware of the fact this is happening. They retweeted <\/a>a tweet that called these tactics \"genius\" back near their launch in January, they also did not institute any methods at their launch to deter users from buying and selling their own NFTs at inflated prices.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/LooksRareNFT\/status\/1487018639949582336?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1487018639949582336%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fdecrypt.co%2F91510%2Flooksrare-has-reportedly-generated-8b-ethereum-nft-wash-trading\n<\/div><\/figure>\n\n\n\n

\u201cIt seems that organic trading is indeed increasing in LooksRare. The difference between selling expensive NFTs like BAYC on LooksRare rather than OpenSea can become a 1-2 Ether difference that the seller saves. So it appears that the NFT community is slowly adopting other options outside the incumbent.\u201d <\/em><\/p>Pedro Herrera, Senior Data Analyst at DappRadar. <\/cite><\/blockquote>\n\n\n\n

Although this success may not be long-lived. Wash trading in other markets is considered an illegal act. Chainalysis made a point of this in a report<\/a> and recommends LooksRare to discourage the activity of wash trading. As regulators<\/a> start taking closer looks into markets, these moves which seem fine now may eventually come back to hit the users even harder.<\/p>\n","post_title":"Wash Trading Makes Up 95% Of LooksRare Trading Volume","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"wash-trading-makes-up-95-of-looksrare-trading-volume","to_ping":"","pinged":"https:\/\/blog.chainalysis.com\/reports\/2022-crypto-crime-report-preview-nft-wash-trading-money-laundering\/\nhttps:\/\/www.thedistributed.co\/gas-fees\/","post_modified":"2022-04-07 21:27:34","post_modified_gmt":"2022-04-07 11:27:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4226","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4202,"post_author":"1","post_date":"2022-04-05 21:00:49","post_date_gmt":"2022-04-05 11:00:49","post_content":"\n

The United Kingdom government has announced plans to release a non-fungible token (NFT<\/a>) project dubbed the 'Royal Mint NFT'. This announcement correlates with their plan for a \"forward-looking approach\" towards crypto assets in the UK.<\/p>\n\n\n\n

Chancellor of the Exchequer (national treasury) Rishi Sunak has asked the U.K's Royal Mint to produce an NFT in the following months prior to summer.<\/p>\n\n\n\n

Economic Secretary to the Treasury John Glen stated<\/a> in a keynote speech the Royal Mint NFT collection will be \"an emblem of the forward-looking approach we are determined to take\"<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/hmtreasury\/status\/1510971092072079360?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1510971092072079360%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thedistributed.co%2Fwp-admin%2Fpost.php%3Fpost%3D4202action%3Dedit\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the adoption of <\/a>stablecoins<\/a> by the UK government<\/a>. The UK will proactively explore the potentially transformative benefits of\u00a0Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

\"We think that by making this country a hospitable place for crypto we can attract investment, generate swathes of new jobs, and create a wave of ground-breaking new products and services. We\u2019re on the cusp of something important. We have the opportunity to shape and lead it. And that is what we\u2019ll do.<\/em>\"<\/p>John Glen, Economic Secretary to the Treasury<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"UK Government Plans The 'Royal Mint NFT'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-plans-the-royal-mint-nft","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-04-24 23:19:34","post_modified_gmt":"2022-04-24 13:19:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4202","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/wongmjane\/status\/1486077324630302721\n<\/div><\/figure>\n\n\n\n

Solana is a Layer 1<\/a> blockchain, like Ethereum. Although, Solana uses Proof-of-History<\/a> as its consensus mechanism compared to Ethereum's Proof-of-Work. This allows Solana to have a throughput of 60,000 transactions per second, compared to Ethereum's current 15 transactions per second. This would make Solana a cheaper network to use, with much lower gas fees<\/a> compared with a blockchain like Ethereum.<\/p>\n\n\n\n

Solana is up 11.23% today at a price of $124.14, with a 24-hour trading volume of $3,860,298,289 USD.<\/p>\n\n\n\n

\"Solana
Solana Price Data on 31st March - Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"OpenSea To Support Solana NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"opensea-to-support-solana-nfts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/blockchain-essentials-application-layer-protocols\/","post_modified":"2023-04-11 12:49:54","post_modified_gmt":"2023-04-11 02:49:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4175","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4087,"post_author":"1","post_date":"2022-03-24 23:37:18","post_date_gmt":"2022-03-24 12:37:18","post_content":"\n

In a\u00a0blog post<\/a>\u00a0by Loopring's head of growth, Adam Browman states that \"the GameStop NFT Marketplace has taken its first steps to welcome users, and it is built atop Loopring!\"<\/p>\n\n\n\n

Browman believes that the project \"has the potential to cement itself at the forefront of this new paradigm and become the destination for global digital economies.\" The blog post states that users can get early access to the project now to set up usernames and profiles, as well as make their first deposits.<\/p>\n\n\n\n

GameStop and NFTs<\/h2>\n\n\n\n

Rumors circulating since November\u00a0suggested that Loopring might be working with GameStop on a metaverse-related project. The Wall Street Journal\u00a0reported<\/a> in January\u00a0that GameStop was planning to build a new team focused on NFTs.<\/p>\n\n\n\n

Soon after that announcement, GameStop mentioned Immuntable X as their primary partner for the project. Despite this fact, Loopring was mentioned<\/a> at the time in an SEC filing<\/a>.<\/p>\n\n\n\n

According to an article from Decrypt<\/a>, there has been a lot of confusion on the topic and who is powering the NFT marketplace. It turns out that both Loopring and Immutable X are powering the NFT plans of GameStop. Although Immutable X tweeted<\/a> in a thread how they are the \"preferred partner\".<\/p>\n\n\n\n

Immutable mentioned the Loopring integration \u201cwas not a surprise (and we welcome them!).\" The marketplace will act as an aggregator across NFT minting platforms. Although, it appears that Immutable X will receive the most focus on the marketplace being the \"preferred partner\".<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Immutable\/status\/1506596126677295108\n<\/div><\/figure>\n\n\n\n

Since the announcement, $LRC<\/a>, the native token of Layer 2 blockchain<\/a> Loopring has soared over 35% to a high of $1.21. Although it is now trading steadily at $1.09. Loopring is currently sitting at a market cap of US$1.46 billion, according to data from CoinMarketCap.<\/p>\n\n\n\n

$IMX<\/a>, the token on the Immutable X blockchain is down 8.9% in the past 24 hours, trading at $2.19, according to data from CoinMarketCap.<\/p>\n\n\n\n

The other company in the mix, GameStop also had a huge day seeing a 14.5% gain to $141 in GME<\/a> stocks. Over 24 million GME shares were traded today alone. <\/p>\n","post_title":"GameStop NFT Marketplace Has Entered Beta, Integrated With Loopring","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"gamestop-nft-marketplace-has-entered-beta-integrated-with-loopring","to_ping":"","pinged":"","post_modified":"2022-03-24 23:37:42","post_modified_gmt":"2022-03-24 12:37:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4087","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4089,"post_author":"1","post_date":"2022-03-24 22:46:11","post_date_gmt":"2022-03-24 11:46:11","post_content":"\n

Floyd \u2019Money\u2019 Mayweather has re-entered the world of cryptocurrency with the announcement of his 2nd NFT project, dubbed Mayweverse. <\/p>\n\n\n\n

The project will consist of 5 different NFTs, each NFT will have 1000 copies available to mint. Every card has its own rarity, utility, and prizes. <\/p>\n\n\n\n

Despite how good it may sounds, Twitter users were quick to criticize. Floyd was reminded<\/a> of his previous NFT project<\/a>, which made him nearly US$5 million and is now worthless. \u201cYou already have an NFT project, it\u2019s called @RealFloydNFT. You released it last year and then stopped working on it immediately after. Have you been punched in the head so much that you\u2019re forgetting these things now?\u201d<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Berke_eth\/status\/1506051809542037506\n<\/div><\/figure>\n\n\n\n

Users were quick to call his bluff<\/a>. Floyd states that he has been working on this for months, although the twitter handle @mayweverse<\/a> was created this month. <\/p>\n\n\n\n

Coffezilla, known for calling out rug pulls and scams within the industry tweeted<\/a> his thoughts on the NFT project. He states \"Floyd Mayweather is frantically deleting evidence of his last NFT scam. He's getting roasted by the investors.\" <\/p>\n\n\n\n

Will this NFT collection follow in the footsteps of his previous NFT collection and be abandoned, or will he stick by his word?<\/p>\n","post_title":"Floyd Mayweather Re-enters The World Of Crypto With \u2018Mayweverse\u2019 NFT Project","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"floyd-mayweather-re-enters-the-world-of-crypto-with-mayweverse-nft-project","to_ping":"","pinged":"","post_modified":"2022-03-24 23:37:53","post_modified_gmt":"2022-03-24 12:37:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4089","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4003,"post_author":"1","post_date":"2022-03-21 15:25:03","post_date_gmt":"2022-03-21 04:25:03","post_content":"\n

Adobe-backed creative showcase platform Behance<\/a> to showcase Solana NFTs within the platform. The addition of this feature will allow creators to earn from their designs.<\/p>\n\n\n\n

The feature is only available to creators who have a Phantom Wallet<\/a> connected to their Behance accounts, and are hosted by QuickNode<\/a>. Once this is done, creators can showcase various NFTs from the Solana blockchain on their profiles. <\/p>\n\n\n\n

Adobes Vice President, William Allen, stated that although there are features to implement Ethereum NFTs on the Behance platform already, creators may not want to use Ethereum due to the high gas fees<\/a>. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/williamallen\/status\/1500858469447917571?s=21\n<\/div><\/figure>\n\n\n\n

In turn, Allen addresses<\/a> that \u201cA single transaction on Solana uses less energy than two google searches and costs a fraction of a penny\u201d insisting that it may be a better alternative for some creators. <\/p>\n\n\n\n

\"\"<\/a>
Solanas 1 Day Price Tracker \/ Source - CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

Notes On The Collaborators <\/h2>\n\n\n\n

Phantom Wallet was quick to regard this as a \u201chuge\u201d collaboration for Solana and their emerging creator economy. The low cost and eco friendly nature of Solana will allow a larger range of artists the ability to experiment with NFTs. Allen stated<\/a> on Twitter that Solana will be added to the \u2019Content Credentials\u2019 tool in photoshop, allowing creators to publish NFTs from photoshop ensuring that the work stays their work. <\/p>\n\n\n\n

QuickNode which rented the space within the mainnet of Solana to Adobe is the leading Solana node provider, sustaining over 50% of the entire nodes on the network. No official statement has been released by the team yet. <\/p>\n","post_title":"Solana NFTs To Be Integrated Within Behance","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"solana-nfts-to-be-integrated-within-behance","to_ping":"","pinged":"","post_modified":"2023-04-11 12:51:53","post_modified_gmt":"2023-04-11 02:51:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4003","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3933,"post_author":"1","post_date":"2022-03-14 22:44:23","post_date_gmt":"2022-03-14 11:44:23","post_content":"\n

EtherRock #44, an NFT<\/a> valued at around US$1,000,000 was accidentally listed<\/a> for 444 Wei<\/a> (>US$0.0000001), rather than 444 Ether (US$1,151,000).<\/p>\n\n\n\n

Former owner Dino, posted about the unfortunate event on Twitter.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501802006364635139?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1501802006364635139%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.tronweekly.com%2F1m-worth-rock-nft-sells-for-under-a-penny%2F\n<\/div><\/figure>\n\n\n\n

The EtherRock was instantly purchased<\/a> and relisted by a bot, within the same block, with Dino requesting<\/a> an Etherscan refund. This has so far been unsuccessful. <\/p>\n\n\n\n

Although a very costly mistake, Dino has made his peace with the situation, agreeing it was more of an \"easy come, easy go\" situation. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501897330353934337\n<\/div><\/figure>\n\n\n\n

\"They say it is better to have rocked and lost rock than to have never rocked at all.\"<\/em><\/p>HiddenGnome on Twitter<\/a><\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"EtherRock Worth $1M Sold For A Fraction Of A Cent","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"etherrock-worth-1m-sold-for-a-fraction-of-a-cent","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/wei\/","post_modified":"2023-04-11 12:52:09","post_modified_gmt":"2023-04-11 02:52:09","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3933","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3890,"post_author":"1","post_date":"2022-03-13 19:50:24","post_date_gmt":"2022-03-13 08:50:24","post_content":"\n

Yuga Labs, the company behind the Bored Ape Yacht Club NFT collection, has acquired CryptoPunks and Meebits from fellow developer Larva Labs.<\/p>\n\n\n\n

A joint<\/a> announcement<\/a> was made by Larva Labs and Yuga Labs on Twitter<\/a> on Friday evening.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/yugalabs\/status\/1502420714527334406?s=20&t=IyM-KDtJPh0WaI5XPfA10A\n<\/div><\/figure>\n\n\n\n

Yuga Labs \"now own the brands, copyright in the art, and other IP rights for both collections, along with 423 CryptoPunks and 1711 Meebits\" according to their announcement. This means that they own both the 1st<\/a> and 2nd<\/a> most valuable NFT collections on the market.<\/p>\n\n\n\n

Yuga Labs plans to grant the commercial rights to all CryptoPunk and Meebit NFTs to their owners, as has been done for BAYC owners. This still means that Yuga Labs owns the collection and will \"be building the overall brand right alongside them\", but each NFT owner can monetize their specific ape.<\/p>\n\n\n\n

\"It\u2019s been amazing to watch the BAYC ecosystem use their rights to collaborate and build awesome shit we never could have dreamed up. We can\u2019t wait to see the Cryptopunks and Meebits communities do the same.<\/em>\"<\/p>Yuga Labs on Twitter<\/a><\/cite><\/blockquote>\n","post_title":"BAYC's Yuga Labs Acquires Rights To CryptoPunks And Meebits","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"baycs-yuga-labs-acquires-rights-to-cryptopunks-and-meebits","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:28","post_modified_gmt":"2022-03-14 10:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n

LooksRare Intentional Setup Of Wash Trading<\/h2>\n\n\n\n

LooksRare came up with a genius trading rewards model<\/a> to help grow their site. LooksRare will offer token rewards in LooksRare Token ($LOOKS<\/a>) to users who buy and sell on their platform.<\/p>\n\n\n\n

\"\"
LooksRare Historical Trading Volume - Source: DappRadar<\/a><\/figcaption><\/figure>\n\n\n\n

With this users can cheat the system. NFTs can be wash traded where the prices of the NFT would be inflated to the point that the $LOOKS reward would be enough to cover the Ethereum gas fees<\/a> and LooksRare's 2% marketplace fee. With this fact, LooksRare also provides staking rewards for users who stake $LOOKS on the platform, paid out in Wrapped Ethereum ($WETH<\/a>), this is an even larger reason for users to keep using the site.<\/p>\n\n\n\n

LooksRare is aware of the fact this is happening. They retweeted <\/a>a tweet that called these tactics \"genius\" back near their launch in January, they also did not institute any methods at their launch to deter users from buying and selling their own NFTs at inflated prices.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/LooksRareNFT\/status\/1487018639949582336?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1487018639949582336%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fdecrypt.co%2F91510%2Flooksrare-has-reportedly-generated-8b-ethereum-nft-wash-trading\n<\/div><\/figure>\n\n\n\n

\u201cIt seems that organic trading is indeed increasing in LooksRare. The difference between selling expensive NFTs like BAYC on LooksRare rather than OpenSea can become a 1-2 Ether difference that the seller saves. So it appears that the NFT community is slowly adopting other options outside the incumbent.\u201d <\/em><\/p>Pedro Herrera, Senior Data Analyst at DappRadar. <\/cite><\/blockquote>\n\n\n\n

Although this success may not be long-lived. Wash trading in other markets is considered an illegal act. Chainalysis made a point of this in a report<\/a> and recommends LooksRare to discourage the activity of wash trading. As regulators<\/a> start taking closer looks into markets, these moves which seem fine now may eventually come back to hit the users even harder.<\/p>\n","post_title":"Wash Trading Makes Up 95% Of LooksRare Trading Volume","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"wash-trading-makes-up-95-of-looksrare-trading-volume","to_ping":"","pinged":"https:\/\/blog.chainalysis.com\/reports\/2022-crypto-crime-report-preview-nft-wash-trading-money-laundering\/\nhttps:\/\/www.thedistributed.co\/gas-fees\/","post_modified":"2022-04-07 21:27:34","post_modified_gmt":"2022-04-07 11:27:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4226","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4202,"post_author":"1","post_date":"2022-04-05 21:00:49","post_date_gmt":"2022-04-05 11:00:49","post_content":"\n

The United Kingdom government has announced plans to release a non-fungible token (NFT<\/a>) project dubbed the 'Royal Mint NFT'. This announcement correlates with their plan for a \"forward-looking approach\" towards crypto assets in the UK.<\/p>\n\n\n\n

Chancellor of the Exchequer (national treasury) Rishi Sunak has asked the U.K's Royal Mint to produce an NFT in the following months prior to summer.<\/p>\n\n\n\n

Economic Secretary to the Treasury John Glen stated<\/a> in a keynote speech the Royal Mint NFT collection will be \"an emblem of the forward-looking approach we are determined to take\"<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/hmtreasury\/status\/1510971092072079360?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1510971092072079360%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thedistributed.co%2Fwp-admin%2Fpost.php%3Fpost%3D4202action%3Dedit\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the adoption of <\/a>stablecoins<\/a> by the UK government<\/a>. The UK will proactively explore the potentially transformative benefits of\u00a0Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

\"We think that by making this country a hospitable place for crypto we can attract investment, generate swathes of new jobs, and create a wave of ground-breaking new products and services. We\u2019re on the cusp of something important. We have the opportunity to shape and lead it. And that is what we\u2019ll do.<\/em>\"<\/p>John Glen, Economic Secretary to the Treasury<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"UK Government Plans The 'Royal Mint NFT'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-plans-the-royal-mint-nft","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-04-24 23:19:34","post_modified_gmt":"2022-04-24 13:19:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4202","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/wongmjane\/status\/1486077324630302721\n<\/div><\/figure>\n\n\n\n

Solana is a Layer 1<\/a> blockchain, like Ethereum. Although, Solana uses Proof-of-History<\/a> as its consensus mechanism compared to Ethereum's Proof-of-Work. This allows Solana to have a throughput of 60,000 transactions per second, compared to Ethereum's current 15 transactions per second. This would make Solana a cheaper network to use, with much lower gas fees<\/a> compared with a blockchain like Ethereum.<\/p>\n\n\n\n

Solana is up 11.23% today at a price of $124.14, with a 24-hour trading volume of $3,860,298,289 USD.<\/p>\n\n\n\n

\"Solana
Solana Price Data on 31st March - Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"OpenSea To Support Solana NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"opensea-to-support-solana-nfts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/blockchain-essentials-application-layer-protocols\/","post_modified":"2023-04-11 12:49:54","post_modified_gmt":"2023-04-11 02:49:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4175","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4087,"post_author":"1","post_date":"2022-03-24 23:37:18","post_date_gmt":"2022-03-24 12:37:18","post_content":"\n

In a\u00a0blog post<\/a>\u00a0by Loopring's head of growth, Adam Browman states that \"the GameStop NFT Marketplace has taken its first steps to welcome users, and it is built atop Loopring!\"<\/p>\n\n\n\n

Browman believes that the project \"has the potential to cement itself at the forefront of this new paradigm and become the destination for global digital economies.\" The blog post states that users can get early access to the project now to set up usernames and profiles, as well as make their first deposits.<\/p>\n\n\n\n

GameStop and NFTs<\/h2>\n\n\n\n

Rumors circulating since November\u00a0suggested that Loopring might be working with GameStop on a metaverse-related project. The Wall Street Journal\u00a0reported<\/a> in January\u00a0that GameStop was planning to build a new team focused on NFTs.<\/p>\n\n\n\n

Soon after that announcement, GameStop mentioned Immuntable X as their primary partner for the project. Despite this fact, Loopring was mentioned<\/a> at the time in an SEC filing<\/a>.<\/p>\n\n\n\n

According to an article from Decrypt<\/a>, there has been a lot of confusion on the topic and who is powering the NFT marketplace. It turns out that both Loopring and Immutable X are powering the NFT plans of GameStop. Although Immutable X tweeted<\/a> in a thread how they are the \"preferred partner\".<\/p>\n\n\n\n

Immutable mentioned the Loopring integration \u201cwas not a surprise (and we welcome them!).\" The marketplace will act as an aggregator across NFT minting platforms. Although, it appears that Immutable X will receive the most focus on the marketplace being the \"preferred partner\".<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Immutable\/status\/1506596126677295108\n<\/div><\/figure>\n\n\n\n

Since the announcement, $LRC<\/a>, the native token of Layer 2 blockchain<\/a> Loopring has soared over 35% to a high of $1.21. Although it is now trading steadily at $1.09. Loopring is currently sitting at a market cap of US$1.46 billion, according to data from CoinMarketCap.<\/p>\n\n\n\n

$IMX<\/a>, the token on the Immutable X blockchain is down 8.9% in the past 24 hours, trading at $2.19, according to data from CoinMarketCap.<\/p>\n\n\n\n

The other company in the mix, GameStop also had a huge day seeing a 14.5% gain to $141 in GME<\/a> stocks. Over 24 million GME shares were traded today alone. <\/p>\n","post_title":"GameStop NFT Marketplace Has Entered Beta, Integrated With Loopring","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"gamestop-nft-marketplace-has-entered-beta-integrated-with-loopring","to_ping":"","pinged":"","post_modified":"2022-03-24 23:37:42","post_modified_gmt":"2022-03-24 12:37:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4087","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4089,"post_author":"1","post_date":"2022-03-24 22:46:11","post_date_gmt":"2022-03-24 11:46:11","post_content":"\n

Floyd \u2019Money\u2019 Mayweather has re-entered the world of cryptocurrency with the announcement of his 2nd NFT project, dubbed Mayweverse. <\/p>\n\n\n\n

The project will consist of 5 different NFTs, each NFT will have 1000 copies available to mint. Every card has its own rarity, utility, and prizes. <\/p>\n\n\n\n

Despite how good it may sounds, Twitter users were quick to criticize. Floyd was reminded<\/a> of his previous NFT project<\/a>, which made him nearly US$5 million and is now worthless. \u201cYou already have an NFT project, it\u2019s called @RealFloydNFT. You released it last year and then stopped working on it immediately after. Have you been punched in the head so much that you\u2019re forgetting these things now?\u201d<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Berke_eth\/status\/1506051809542037506\n<\/div><\/figure>\n\n\n\n

Users were quick to call his bluff<\/a>. Floyd states that he has been working on this for months, although the twitter handle @mayweverse<\/a> was created this month. <\/p>\n\n\n\n

Coffezilla, known for calling out rug pulls and scams within the industry tweeted<\/a> his thoughts on the NFT project. He states \"Floyd Mayweather is frantically deleting evidence of his last NFT scam. He's getting roasted by the investors.\" <\/p>\n\n\n\n

Will this NFT collection follow in the footsteps of his previous NFT collection and be abandoned, or will he stick by his word?<\/p>\n","post_title":"Floyd Mayweather Re-enters The World Of Crypto With \u2018Mayweverse\u2019 NFT Project","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"floyd-mayweather-re-enters-the-world-of-crypto-with-mayweverse-nft-project","to_ping":"","pinged":"","post_modified":"2022-03-24 23:37:53","post_modified_gmt":"2022-03-24 12:37:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4089","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4003,"post_author":"1","post_date":"2022-03-21 15:25:03","post_date_gmt":"2022-03-21 04:25:03","post_content":"\n

Adobe-backed creative showcase platform Behance<\/a> to showcase Solana NFTs within the platform. The addition of this feature will allow creators to earn from their designs.<\/p>\n\n\n\n

The feature is only available to creators who have a Phantom Wallet<\/a> connected to their Behance accounts, and are hosted by QuickNode<\/a>. Once this is done, creators can showcase various NFTs from the Solana blockchain on their profiles. <\/p>\n\n\n\n

Adobes Vice President, William Allen, stated that although there are features to implement Ethereum NFTs on the Behance platform already, creators may not want to use Ethereum due to the high gas fees<\/a>. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/williamallen\/status\/1500858469447917571?s=21\n<\/div><\/figure>\n\n\n\n

In turn, Allen addresses<\/a> that \u201cA single transaction on Solana uses less energy than two google searches and costs a fraction of a penny\u201d insisting that it may be a better alternative for some creators. <\/p>\n\n\n\n

\"\"<\/a>
Solanas 1 Day Price Tracker \/ Source - CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

Notes On The Collaborators <\/h2>\n\n\n\n

Phantom Wallet was quick to regard this as a \u201chuge\u201d collaboration for Solana and their emerging creator economy. The low cost and eco friendly nature of Solana will allow a larger range of artists the ability to experiment with NFTs. Allen stated<\/a> on Twitter that Solana will be added to the \u2019Content Credentials\u2019 tool in photoshop, allowing creators to publish NFTs from photoshop ensuring that the work stays their work. <\/p>\n\n\n\n

QuickNode which rented the space within the mainnet of Solana to Adobe is the leading Solana node provider, sustaining over 50% of the entire nodes on the network. No official statement has been released by the team yet. <\/p>\n","post_title":"Solana NFTs To Be Integrated Within Behance","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"solana-nfts-to-be-integrated-within-behance","to_ping":"","pinged":"","post_modified":"2023-04-11 12:51:53","post_modified_gmt":"2023-04-11 02:51:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4003","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3933,"post_author":"1","post_date":"2022-03-14 22:44:23","post_date_gmt":"2022-03-14 11:44:23","post_content":"\n

EtherRock #44, an NFT<\/a> valued at around US$1,000,000 was accidentally listed<\/a> for 444 Wei<\/a> (>US$0.0000001), rather than 444 Ether (US$1,151,000).<\/p>\n\n\n\n

Former owner Dino, posted about the unfortunate event on Twitter.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501802006364635139?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1501802006364635139%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.tronweekly.com%2F1m-worth-rock-nft-sells-for-under-a-penny%2F\n<\/div><\/figure>\n\n\n\n

The EtherRock was instantly purchased<\/a> and relisted by a bot, within the same block, with Dino requesting<\/a> an Etherscan refund. This has so far been unsuccessful. <\/p>\n\n\n\n

Although a very costly mistake, Dino has made his peace with the situation, agreeing it was more of an \"easy come, easy go\" situation. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501897330353934337\n<\/div><\/figure>\n\n\n\n

\"They say it is better to have rocked and lost rock than to have never rocked at all.\"<\/em><\/p>HiddenGnome on Twitter<\/a><\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"EtherRock Worth $1M Sold For A Fraction Of A Cent","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"etherrock-worth-1m-sold-for-a-fraction-of-a-cent","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/wei\/","post_modified":"2023-04-11 12:52:09","post_modified_gmt":"2023-04-11 02:52:09","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3933","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3890,"post_author":"1","post_date":"2022-03-13 19:50:24","post_date_gmt":"2022-03-13 08:50:24","post_content":"\n

Yuga Labs, the company behind the Bored Ape Yacht Club NFT collection, has acquired CryptoPunks and Meebits from fellow developer Larva Labs.<\/p>\n\n\n\n

A joint<\/a> announcement<\/a> was made by Larva Labs and Yuga Labs on Twitter<\/a> on Friday evening.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/yugalabs\/status\/1502420714527334406?s=20&t=IyM-KDtJPh0WaI5XPfA10A\n<\/div><\/figure>\n\n\n\n

Yuga Labs \"now own the brands, copyright in the art, and other IP rights for both collections, along with 423 CryptoPunks and 1711 Meebits\" according to their announcement. This means that they own both the 1st<\/a> and 2nd<\/a> most valuable NFT collections on the market.<\/p>\n\n\n\n

Yuga Labs plans to grant the commercial rights to all CryptoPunk and Meebit NFTs to their owners, as has been done for BAYC owners. This still means that Yuga Labs owns the collection and will \"be building the overall brand right alongside them\", but each NFT owner can monetize their specific ape.<\/p>\n\n\n\n

\"It\u2019s been amazing to watch the BAYC ecosystem use their rights to collaborate and build awesome shit we never could have dreamed up. We can\u2019t wait to see the Cryptopunks and Meebits communities do the same.<\/em>\"<\/p>Yuga Labs on Twitter<\/a><\/cite><\/blockquote>\n","post_title":"BAYC's Yuga Labs Acquires Rights To CryptoPunks And Meebits","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"baycs-yuga-labs-acquires-rights-to-cryptopunks-and-meebits","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:28","post_modified_gmt":"2022-03-14 10:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n

LooksRare was launched by two anonymous developers, Zodd and Guts, in January of 2022. Since its launch, LooksRare has grown to become the biggest alternative to\u00a0the leading NFT marketplace,\u00a0OpenSea<\/a>. Despite the decline in NFT sales this year, users are still finding ways to make a quick profit, ethical or not.<\/p>\n\n\n\n

LooksRare Intentional Setup Of Wash Trading<\/h2>\n\n\n\n

LooksRare came up with a genius trading rewards model<\/a> to help grow their site. LooksRare will offer token rewards in LooksRare Token ($LOOKS<\/a>) to users who buy and sell on their platform.<\/p>\n\n\n\n

\"\"
LooksRare Historical Trading Volume - Source: DappRadar<\/a><\/figcaption><\/figure>\n\n\n\n

With this users can cheat the system. NFTs can be wash traded where the prices of the NFT would be inflated to the point that the $LOOKS reward would be enough to cover the Ethereum gas fees<\/a> and LooksRare's 2% marketplace fee. With this fact, LooksRare also provides staking rewards for users who stake $LOOKS on the platform, paid out in Wrapped Ethereum ($WETH<\/a>), this is an even larger reason for users to keep using the site.<\/p>\n\n\n\n

LooksRare is aware of the fact this is happening. They retweeted <\/a>a tweet that called these tactics \"genius\" back near their launch in January, they also did not institute any methods at their launch to deter users from buying and selling their own NFTs at inflated prices.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/LooksRareNFT\/status\/1487018639949582336?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1487018639949582336%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fdecrypt.co%2F91510%2Flooksrare-has-reportedly-generated-8b-ethereum-nft-wash-trading\n<\/div><\/figure>\n\n\n\n

\u201cIt seems that organic trading is indeed increasing in LooksRare. The difference between selling expensive NFTs like BAYC on LooksRare rather than OpenSea can become a 1-2 Ether difference that the seller saves. So it appears that the NFT community is slowly adopting other options outside the incumbent.\u201d <\/em><\/p>Pedro Herrera, Senior Data Analyst at DappRadar. <\/cite><\/blockquote>\n\n\n\n

Although this success may not be long-lived. Wash trading in other markets is considered an illegal act. Chainalysis made a point of this in a report<\/a> and recommends LooksRare to discourage the activity of wash trading. As regulators<\/a> start taking closer looks into markets, these moves which seem fine now may eventually come back to hit the users even harder.<\/p>\n","post_title":"Wash Trading Makes Up 95% Of LooksRare Trading Volume","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"wash-trading-makes-up-95-of-looksrare-trading-volume","to_ping":"","pinged":"https:\/\/blog.chainalysis.com\/reports\/2022-crypto-crime-report-preview-nft-wash-trading-money-laundering\/\nhttps:\/\/www.thedistributed.co\/gas-fees\/","post_modified":"2022-04-07 21:27:34","post_modified_gmt":"2022-04-07 11:27:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4226","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4202,"post_author":"1","post_date":"2022-04-05 21:00:49","post_date_gmt":"2022-04-05 11:00:49","post_content":"\n

The United Kingdom government has announced plans to release a non-fungible token (NFT<\/a>) project dubbed the 'Royal Mint NFT'. This announcement correlates with their plan for a \"forward-looking approach\" towards crypto assets in the UK.<\/p>\n\n\n\n

Chancellor of the Exchequer (national treasury) Rishi Sunak has asked the U.K's Royal Mint to produce an NFT in the following months prior to summer.<\/p>\n\n\n\n

Economic Secretary to the Treasury John Glen stated<\/a> in a keynote speech the Royal Mint NFT collection will be \"an emblem of the forward-looking approach we are determined to take\"<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/hmtreasury\/status\/1510971092072079360?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1510971092072079360%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thedistributed.co%2Fwp-admin%2Fpost.php%3Fpost%3D4202action%3Dedit\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the adoption of <\/a>stablecoins<\/a> by the UK government<\/a>. The UK will proactively explore the potentially transformative benefits of\u00a0Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

\"We think that by making this country a hospitable place for crypto we can attract investment, generate swathes of new jobs, and create a wave of ground-breaking new products and services. We\u2019re on the cusp of something important. We have the opportunity to shape and lead it. And that is what we\u2019ll do.<\/em>\"<\/p>John Glen, Economic Secretary to the Treasury<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"UK Government Plans The 'Royal Mint NFT'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-plans-the-royal-mint-nft","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-04-24 23:19:34","post_modified_gmt":"2022-04-24 13:19:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4202","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/wongmjane\/status\/1486077324630302721\n<\/div><\/figure>\n\n\n\n

Solana is a Layer 1<\/a> blockchain, like Ethereum. Although, Solana uses Proof-of-History<\/a> as its consensus mechanism compared to Ethereum's Proof-of-Work. This allows Solana to have a throughput of 60,000 transactions per second, compared to Ethereum's current 15 transactions per second. This would make Solana a cheaper network to use, with much lower gas fees<\/a> compared with a blockchain like Ethereum.<\/p>\n\n\n\n

Solana is up 11.23% today at a price of $124.14, with a 24-hour trading volume of $3,860,298,289 USD.<\/p>\n\n\n\n

\"Solana
Solana Price Data on 31st March - Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"OpenSea To Support Solana NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"opensea-to-support-solana-nfts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/blockchain-essentials-application-layer-protocols\/","post_modified":"2023-04-11 12:49:54","post_modified_gmt":"2023-04-11 02:49:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4175","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4087,"post_author":"1","post_date":"2022-03-24 23:37:18","post_date_gmt":"2022-03-24 12:37:18","post_content":"\n

In a\u00a0blog post<\/a>\u00a0by Loopring's head of growth, Adam Browman states that \"the GameStop NFT Marketplace has taken its first steps to welcome users, and it is built atop Loopring!\"<\/p>\n\n\n\n

Browman believes that the project \"has the potential to cement itself at the forefront of this new paradigm and become the destination for global digital economies.\" The blog post states that users can get early access to the project now to set up usernames and profiles, as well as make their first deposits.<\/p>\n\n\n\n

GameStop and NFTs<\/h2>\n\n\n\n

Rumors circulating since November\u00a0suggested that Loopring might be working with GameStop on a metaverse-related project. The Wall Street Journal\u00a0reported<\/a> in January\u00a0that GameStop was planning to build a new team focused on NFTs.<\/p>\n\n\n\n

Soon after that announcement, GameStop mentioned Immuntable X as their primary partner for the project. Despite this fact, Loopring was mentioned<\/a> at the time in an SEC filing<\/a>.<\/p>\n\n\n\n

According to an article from Decrypt<\/a>, there has been a lot of confusion on the topic and who is powering the NFT marketplace. It turns out that both Loopring and Immutable X are powering the NFT plans of GameStop. Although Immutable X tweeted<\/a> in a thread how they are the \"preferred partner\".<\/p>\n\n\n\n

Immutable mentioned the Loopring integration \u201cwas not a surprise (and we welcome them!).\" The marketplace will act as an aggregator across NFT minting platforms. Although, it appears that Immutable X will receive the most focus on the marketplace being the \"preferred partner\".<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Immutable\/status\/1506596126677295108\n<\/div><\/figure>\n\n\n\n

Since the announcement, $LRC<\/a>, the native token of Layer 2 blockchain<\/a> Loopring has soared over 35% to a high of $1.21. Although it is now trading steadily at $1.09. Loopring is currently sitting at a market cap of US$1.46 billion, according to data from CoinMarketCap.<\/p>\n\n\n\n

$IMX<\/a>, the token on the Immutable X blockchain is down 8.9% in the past 24 hours, trading at $2.19, according to data from CoinMarketCap.<\/p>\n\n\n\n

The other company in the mix, GameStop also had a huge day seeing a 14.5% gain to $141 in GME<\/a> stocks. Over 24 million GME shares were traded today alone. <\/p>\n","post_title":"GameStop NFT Marketplace Has Entered Beta, Integrated With Loopring","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"gamestop-nft-marketplace-has-entered-beta-integrated-with-loopring","to_ping":"","pinged":"","post_modified":"2022-03-24 23:37:42","post_modified_gmt":"2022-03-24 12:37:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4087","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4089,"post_author":"1","post_date":"2022-03-24 22:46:11","post_date_gmt":"2022-03-24 11:46:11","post_content":"\n

Floyd \u2019Money\u2019 Mayweather has re-entered the world of cryptocurrency with the announcement of his 2nd NFT project, dubbed Mayweverse. <\/p>\n\n\n\n

The project will consist of 5 different NFTs, each NFT will have 1000 copies available to mint. Every card has its own rarity, utility, and prizes. <\/p>\n\n\n\n

Despite how good it may sounds, Twitter users were quick to criticize. Floyd was reminded<\/a> of his previous NFT project<\/a>, which made him nearly US$5 million and is now worthless. \u201cYou already have an NFT project, it\u2019s called @RealFloydNFT. You released it last year and then stopped working on it immediately after. Have you been punched in the head so much that you\u2019re forgetting these things now?\u201d<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Berke_eth\/status\/1506051809542037506\n<\/div><\/figure>\n\n\n\n

Users were quick to call his bluff<\/a>. Floyd states that he has been working on this for months, although the twitter handle @mayweverse<\/a> was created this month. <\/p>\n\n\n\n

Coffezilla, known for calling out rug pulls and scams within the industry tweeted<\/a> his thoughts on the NFT project. He states \"Floyd Mayweather is frantically deleting evidence of his last NFT scam. He's getting roasted by the investors.\" <\/p>\n\n\n\n

Will this NFT collection follow in the footsteps of his previous NFT collection and be abandoned, or will he stick by his word?<\/p>\n","post_title":"Floyd Mayweather Re-enters The World Of Crypto With \u2018Mayweverse\u2019 NFT Project","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"floyd-mayweather-re-enters-the-world-of-crypto-with-mayweverse-nft-project","to_ping":"","pinged":"","post_modified":"2022-03-24 23:37:53","post_modified_gmt":"2022-03-24 12:37:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4089","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4003,"post_author":"1","post_date":"2022-03-21 15:25:03","post_date_gmt":"2022-03-21 04:25:03","post_content":"\n

Adobe-backed creative showcase platform Behance<\/a> to showcase Solana NFTs within the platform. The addition of this feature will allow creators to earn from their designs.<\/p>\n\n\n\n

The feature is only available to creators who have a Phantom Wallet<\/a> connected to their Behance accounts, and are hosted by QuickNode<\/a>. Once this is done, creators can showcase various NFTs from the Solana blockchain on their profiles. <\/p>\n\n\n\n

Adobes Vice President, William Allen, stated that although there are features to implement Ethereum NFTs on the Behance platform already, creators may not want to use Ethereum due to the high gas fees<\/a>. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/williamallen\/status\/1500858469447917571?s=21\n<\/div><\/figure>\n\n\n\n

In turn, Allen addresses<\/a> that \u201cA single transaction on Solana uses less energy than two google searches and costs a fraction of a penny\u201d insisting that it may be a better alternative for some creators. <\/p>\n\n\n\n

\"\"<\/a>
Solanas 1 Day Price Tracker \/ Source - CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

Notes On The Collaborators <\/h2>\n\n\n\n

Phantom Wallet was quick to regard this as a \u201chuge\u201d collaboration for Solana and their emerging creator economy. The low cost and eco friendly nature of Solana will allow a larger range of artists the ability to experiment with NFTs. Allen stated<\/a> on Twitter that Solana will be added to the \u2019Content Credentials\u2019 tool in photoshop, allowing creators to publish NFTs from photoshop ensuring that the work stays their work. <\/p>\n\n\n\n

QuickNode which rented the space within the mainnet of Solana to Adobe is the leading Solana node provider, sustaining over 50% of the entire nodes on the network. No official statement has been released by the team yet. <\/p>\n","post_title":"Solana NFTs To Be Integrated Within Behance","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"solana-nfts-to-be-integrated-within-behance","to_ping":"","pinged":"","post_modified":"2023-04-11 12:51:53","post_modified_gmt":"2023-04-11 02:51:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4003","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3933,"post_author":"1","post_date":"2022-03-14 22:44:23","post_date_gmt":"2022-03-14 11:44:23","post_content":"\n

EtherRock #44, an NFT<\/a> valued at around US$1,000,000 was accidentally listed<\/a> for 444 Wei<\/a> (>US$0.0000001), rather than 444 Ether (US$1,151,000).<\/p>\n\n\n\n

Former owner Dino, posted about the unfortunate event on Twitter.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501802006364635139?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1501802006364635139%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.tronweekly.com%2F1m-worth-rock-nft-sells-for-under-a-penny%2F\n<\/div><\/figure>\n\n\n\n

The EtherRock was instantly purchased<\/a> and relisted by a bot, within the same block, with Dino requesting<\/a> an Etherscan refund. This has so far been unsuccessful. <\/p>\n\n\n\n

Although a very costly mistake, Dino has made his peace with the situation, agreeing it was more of an \"easy come, easy go\" situation. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501897330353934337\n<\/div><\/figure>\n\n\n\n

\"They say it is better to have rocked and lost rock than to have never rocked at all.\"<\/em><\/p>HiddenGnome on Twitter<\/a><\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"EtherRock Worth $1M Sold For A Fraction Of A Cent","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"etherrock-worth-1m-sold-for-a-fraction-of-a-cent","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/wei\/","post_modified":"2023-04-11 12:52:09","post_modified_gmt":"2023-04-11 02:52:09","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3933","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3890,"post_author":"1","post_date":"2022-03-13 19:50:24","post_date_gmt":"2022-03-13 08:50:24","post_content":"\n

Yuga Labs, the company behind the Bored Ape Yacht Club NFT collection, has acquired CryptoPunks and Meebits from fellow developer Larva Labs.<\/p>\n\n\n\n

A joint<\/a> announcement<\/a> was made by Larva Labs and Yuga Labs on Twitter<\/a> on Friday evening.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/yugalabs\/status\/1502420714527334406?s=20&t=IyM-KDtJPh0WaI5XPfA10A\n<\/div><\/figure>\n\n\n\n

Yuga Labs \"now own the brands, copyright in the art, and other IP rights for both collections, along with 423 CryptoPunks and 1711 Meebits\" according to their announcement. This means that they own both the 1st<\/a> and 2nd<\/a> most valuable NFT collections on the market.<\/p>\n\n\n\n

Yuga Labs plans to grant the commercial rights to all CryptoPunk and Meebit NFTs to their owners, as has been done for BAYC owners. This still means that Yuga Labs owns the collection and will \"be building the overall brand right alongside them\", but each NFT owner can monetize their specific ape.<\/p>\n\n\n\n

\"It\u2019s been amazing to watch the BAYC ecosystem use their rights to collaborate and build awesome shit we never could have dreamed up. We can\u2019t wait to see the Cryptopunks and Meebits communities do the same.<\/em>\"<\/p>Yuga Labs on Twitter<\/a><\/cite><\/blockquote>\n","post_title":"BAYC's Yuga Labs Acquires Rights To CryptoPunks And Meebits","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"baycs-yuga-labs-acquires-rights-to-cryptopunks-and-meebits","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:28","post_modified_gmt":"2022-03-14 10:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n

NFT analytics site CryptoSlam! reported<\/a> in January that over $8 billion worth of NFT sales can be classified under wash trading. Since then, around 95% of sales on the site, or around $20B can be linked to wash trading<\/a>.<\/p>\n\n\n\n

\"\"\"\"<\/div>
LooksRare Trading Volume With<\/a> \/ Without<\/a> Wash Trading - Source: Dune Analytics<\/a><\/figcaption><\/figure>\n\n\n\n

LooksRare was launched by two anonymous developers, Zodd and Guts, in January of 2022. Since its launch, LooksRare has grown to become the biggest alternative to\u00a0the leading NFT marketplace,\u00a0OpenSea<\/a>. Despite the decline in NFT sales this year, users are still finding ways to make a quick profit, ethical or not.<\/p>\n\n\n\n

LooksRare Intentional Setup Of Wash Trading<\/h2>\n\n\n\n

LooksRare came up with a genius trading rewards model<\/a> to help grow their site. LooksRare will offer token rewards in LooksRare Token ($LOOKS<\/a>) to users who buy and sell on their platform.<\/p>\n\n\n\n

\"\"
LooksRare Historical Trading Volume - Source: DappRadar<\/a><\/figcaption><\/figure>\n\n\n\n

With this users can cheat the system. NFTs can be wash traded where the prices of the NFT would be inflated to the point that the $LOOKS reward would be enough to cover the Ethereum gas fees<\/a> and LooksRare's 2% marketplace fee. With this fact, LooksRare also provides staking rewards for users who stake $LOOKS on the platform, paid out in Wrapped Ethereum ($WETH<\/a>), this is an even larger reason for users to keep using the site.<\/p>\n\n\n\n

LooksRare is aware of the fact this is happening. They retweeted <\/a>a tweet that called these tactics \"genius\" back near their launch in January, they also did not institute any methods at their launch to deter users from buying and selling their own NFTs at inflated prices.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/LooksRareNFT\/status\/1487018639949582336?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1487018639949582336%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fdecrypt.co%2F91510%2Flooksrare-has-reportedly-generated-8b-ethereum-nft-wash-trading\n<\/div><\/figure>\n\n\n\n

\u201cIt seems that organic trading is indeed increasing in LooksRare. The difference between selling expensive NFTs like BAYC on LooksRare rather than OpenSea can become a 1-2 Ether difference that the seller saves. So it appears that the NFT community is slowly adopting other options outside the incumbent.\u201d <\/em><\/p>Pedro Herrera, Senior Data Analyst at DappRadar. <\/cite><\/blockquote>\n\n\n\n

Although this success may not be long-lived. Wash trading in other markets is considered an illegal act. Chainalysis made a point of this in a report<\/a> and recommends LooksRare to discourage the activity of wash trading. As regulators<\/a> start taking closer looks into markets, these moves which seem fine now may eventually come back to hit the users even harder.<\/p>\n","post_title":"Wash Trading Makes Up 95% Of LooksRare Trading Volume","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"wash-trading-makes-up-95-of-looksrare-trading-volume","to_ping":"","pinged":"https:\/\/blog.chainalysis.com\/reports\/2022-crypto-crime-report-preview-nft-wash-trading-money-laundering\/\nhttps:\/\/www.thedistributed.co\/gas-fees\/","post_modified":"2022-04-07 21:27:34","post_modified_gmt":"2022-04-07 11:27:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4226","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4202,"post_author":"1","post_date":"2022-04-05 21:00:49","post_date_gmt":"2022-04-05 11:00:49","post_content":"\n

The United Kingdom government has announced plans to release a non-fungible token (NFT<\/a>) project dubbed the 'Royal Mint NFT'. This announcement correlates with their plan for a \"forward-looking approach\" towards crypto assets in the UK.<\/p>\n\n\n\n

Chancellor of the Exchequer (national treasury) Rishi Sunak has asked the U.K's Royal Mint to produce an NFT in the following months prior to summer.<\/p>\n\n\n\n

Economic Secretary to the Treasury John Glen stated<\/a> in a keynote speech the Royal Mint NFT collection will be \"an emblem of the forward-looking approach we are determined to take\"<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/hmtreasury\/status\/1510971092072079360?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1510971092072079360%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thedistributed.co%2Fwp-admin%2Fpost.php%3Fpost%3D4202action%3Dedit\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the adoption of <\/a>stablecoins<\/a> by the UK government<\/a>. The UK will proactively explore the potentially transformative benefits of\u00a0Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

\"We think that by making this country a hospitable place for crypto we can attract investment, generate swathes of new jobs, and create a wave of ground-breaking new products and services. We\u2019re on the cusp of something important. We have the opportunity to shape and lead it. And that is what we\u2019ll do.<\/em>\"<\/p>John Glen, Economic Secretary to the Treasury<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"UK Government Plans The 'Royal Mint NFT'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-plans-the-royal-mint-nft","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-04-24 23:19:34","post_modified_gmt":"2022-04-24 13:19:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4202","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/wongmjane\/status\/1486077324630302721\n<\/div><\/figure>\n\n\n\n

Solana is a Layer 1<\/a> blockchain, like Ethereum. Although, Solana uses Proof-of-History<\/a> as its consensus mechanism compared to Ethereum's Proof-of-Work. This allows Solana to have a throughput of 60,000 transactions per second, compared to Ethereum's current 15 transactions per second. This would make Solana a cheaper network to use, with much lower gas fees<\/a> compared with a blockchain like Ethereum.<\/p>\n\n\n\n

Solana is up 11.23% today at a price of $124.14, with a 24-hour trading volume of $3,860,298,289 USD.<\/p>\n\n\n\n

\"Solana
Solana Price Data on 31st March - Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"OpenSea To Support Solana NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"opensea-to-support-solana-nfts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/blockchain-essentials-application-layer-protocols\/","post_modified":"2023-04-11 12:49:54","post_modified_gmt":"2023-04-11 02:49:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4175","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4087,"post_author":"1","post_date":"2022-03-24 23:37:18","post_date_gmt":"2022-03-24 12:37:18","post_content":"\n

In a\u00a0blog post<\/a>\u00a0by Loopring's head of growth, Adam Browman states that \"the GameStop NFT Marketplace has taken its first steps to welcome users, and it is built atop Loopring!\"<\/p>\n\n\n\n

Browman believes that the project \"has the potential to cement itself at the forefront of this new paradigm and become the destination for global digital economies.\" The blog post states that users can get early access to the project now to set up usernames and profiles, as well as make their first deposits.<\/p>\n\n\n\n

GameStop and NFTs<\/h2>\n\n\n\n

Rumors circulating since November\u00a0suggested that Loopring might be working with GameStop on a metaverse-related project. The Wall Street Journal\u00a0reported<\/a> in January\u00a0that GameStop was planning to build a new team focused on NFTs.<\/p>\n\n\n\n

Soon after that announcement, GameStop mentioned Immuntable X as their primary partner for the project. Despite this fact, Loopring was mentioned<\/a> at the time in an SEC filing<\/a>.<\/p>\n\n\n\n

According to an article from Decrypt<\/a>, there has been a lot of confusion on the topic and who is powering the NFT marketplace. It turns out that both Loopring and Immutable X are powering the NFT plans of GameStop. Although Immutable X tweeted<\/a> in a thread how they are the \"preferred partner\".<\/p>\n\n\n\n

Immutable mentioned the Loopring integration \u201cwas not a surprise (and we welcome them!).\" The marketplace will act as an aggregator across NFT minting platforms. Although, it appears that Immutable X will receive the most focus on the marketplace being the \"preferred partner\".<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Immutable\/status\/1506596126677295108\n<\/div><\/figure>\n\n\n\n

Since the announcement, $LRC<\/a>, the native token of Layer 2 blockchain<\/a> Loopring has soared over 35% to a high of $1.21. Although it is now trading steadily at $1.09. Loopring is currently sitting at a market cap of US$1.46 billion, according to data from CoinMarketCap.<\/p>\n\n\n\n

$IMX<\/a>, the token on the Immutable X blockchain is down 8.9% in the past 24 hours, trading at $2.19, according to data from CoinMarketCap.<\/p>\n\n\n\n

The other company in the mix, GameStop also had a huge day seeing a 14.5% gain to $141 in GME<\/a> stocks. Over 24 million GME shares were traded today alone. <\/p>\n","post_title":"GameStop NFT Marketplace Has Entered Beta, Integrated With Loopring","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"gamestop-nft-marketplace-has-entered-beta-integrated-with-loopring","to_ping":"","pinged":"","post_modified":"2022-03-24 23:37:42","post_modified_gmt":"2022-03-24 12:37:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4087","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4089,"post_author":"1","post_date":"2022-03-24 22:46:11","post_date_gmt":"2022-03-24 11:46:11","post_content":"\n

Floyd \u2019Money\u2019 Mayweather has re-entered the world of cryptocurrency with the announcement of his 2nd NFT project, dubbed Mayweverse. <\/p>\n\n\n\n

The project will consist of 5 different NFTs, each NFT will have 1000 copies available to mint. Every card has its own rarity, utility, and prizes. <\/p>\n\n\n\n

Despite how good it may sounds, Twitter users were quick to criticize. Floyd was reminded<\/a> of his previous NFT project<\/a>, which made him nearly US$5 million and is now worthless. \u201cYou already have an NFT project, it\u2019s called @RealFloydNFT. You released it last year and then stopped working on it immediately after. Have you been punched in the head so much that you\u2019re forgetting these things now?\u201d<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Berke_eth\/status\/1506051809542037506\n<\/div><\/figure>\n\n\n\n

Users were quick to call his bluff<\/a>. Floyd states that he has been working on this for months, although the twitter handle @mayweverse<\/a> was created this month. <\/p>\n\n\n\n

Coffezilla, known for calling out rug pulls and scams within the industry tweeted<\/a> his thoughts on the NFT project. He states \"Floyd Mayweather is frantically deleting evidence of his last NFT scam. He's getting roasted by the investors.\" <\/p>\n\n\n\n

Will this NFT collection follow in the footsteps of his previous NFT collection and be abandoned, or will he stick by his word?<\/p>\n","post_title":"Floyd Mayweather Re-enters The World Of Crypto With \u2018Mayweverse\u2019 NFT Project","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"floyd-mayweather-re-enters-the-world-of-crypto-with-mayweverse-nft-project","to_ping":"","pinged":"","post_modified":"2022-03-24 23:37:53","post_modified_gmt":"2022-03-24 12:37:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4089","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4003,"post_author":"1","post_date":"2022-03-21 15:25:03","post_date_gmt":"2022-03-21 04:25:03","post_content":"\n

Adobe-backed creative showcase platform Behance<\/a> to showcase Solana NFTs within the platform. The addition of this feature will allow creators to earn from their designs.<\/p>\n\n\n\n

The feature is only available to creators who have a Phantom Wallet<\/a> connected to their Behance accounts, and are hosted by QuickNode<\/a>. Once this is done, creators can showcase various NFTs from the Solana blockchain on their profiles. <\/p>\n\n\n\n

Adobes Vice President, William Allen, stated that although there are features to implement Ethereum NFTs on the Behance platform already, creators may not want to use Ethereum due to the high gas fees<\/a>. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/williamallen\/status\/1500858469447917571?s=21\n<\/div><\/figure>\n\n\n\n

In turn, Allen addresses<\/a> that \u201cA single transaction on Solana uses less energy than two google searches and costs a fraction of a penny\u201d insisting that it may be a better alternative for some creators. <\/p>\n\n\n\n

\"\"<\/a>
Solanas 1 Day Price Tracker \/ Source - CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

Notes On The Collaborators <\/h2>\n\n\n\n

Phantom Wallet was quick to regard this as a \u201chuge\u201d collaboration for Solana and their emerging creator economy. The low cost and eco friendly nature of Solana will allow a larger range of artists the ability to experiment with NFTs. Allen stated<\/a> on Twitter that Solana will be added to the \u2019Content Credentials\u2019 tool in photoshop, allowing creators to publish NFTs from photoshop ensuring that the work stays their work. <\/p>\n\n\n\n

QuickNode which rented the space within the mainnet of Solana to Adobe is the leading Solana node provider, sustaining over 50% of the entire nodes on the network. No official statement has been released by the team yet. <\/p>\n","post_title":"Solana NFTs To Be Integrated Within Behance","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"solana-nfts-to-be-integrated-within-behance","to_ping":"","pinged":"","post_modified":"2023-04-11 12:51:53","post_modified_gmt":"2023-04-11 02:51:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4003","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3933,"post_author":"1","post_date":"2022-03-14 22:44:23","post_date_gmt":"2022-03-14 11:44:23","post_content":"\n

EtherRock #44, an NFT<\/a> valued at around US$1,000,000 was accidentally listed<\/a> for 444 Wei<\/a> (>US$0.0000001), rather than 444 Ether (US$1,151,000).<\/p>\n\n\n\n

Former owner Dino, posted about the unfortunate event on Twitter.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501802006364635139?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1501802006364635139%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.tronweekly.com%2F1m-worth-rock-nft-sells-for-under-a-penny%2F\n<\/div><\/figure>\n\n\n\n

The EtherRock was instantly purchased<\/a> and relisted by a bot, within the same block, with Dino requesting<\/a> an Etherscan refund. This has so far been unsuccessful. <\/p>\n\n\n\n

Although a very costly mistake, Dino has made his peace with the situation, agreeing it was more of an \"easy come, easy go\" situation. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501897330353934337\n<\/div><\/figure>\n\n\n\n

\"They say it is better to have rocked and lost rock than to have never rocked at all.\"<\/em><\/p>HiddenGnome on Twitter<\/a><\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"EtherRock Worth $1M Sold For A Fraction Of A Cent","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"etherrock-worth-1m-sold-for-a-fraction-of-a-cent","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/wei\/","post_modified":"2023-04-11 12:52:09","post_modified_gmt":"2023-04-11 02:52:09","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3933","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3890,"post_author":"1","post_date":"2022-03-13 19:50:24","post_date_gmt":"2022-03-13 08:50:24","post_content":"\n

Yuga Labs, the company behind the Bored Ape Yacht Club NFT collection, has acquired CryptoPunks and Meebits from fellow developer Larva Labs.<\/p>\n\n\n\n

A joint<\/a> announcement<\/a> was made by Larva Labs and Yuga Labs on Twitter<\/a> on Friday evening.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/yugalabs\/status\/1502420714527334406?s=20&t=IyM-KDtJPh0WaI5XPfA10A\n<\/div><\/figure>\n\n\n\n

Yuga Labs \"now own the brands, copyright in the art, and other IP rights for both collections, along with 423 CryptoPunks and 1711 Meebits\" according to their announcement. This means that they own both the 1st<\/a> and 2nd<\/a> most valuable NFT collections on the market.<\/p>\n\n\n\n

Yuga Labs plans to grant the commercial rights to all CryptoPunk and Meebit NFTs to their owners, as has been done for BAYC owners. This still means that Yuga Labs owns the collection and will \"be building the overall brand right alongside them\", but each NFT owner can monetize their specific ape.<\/p>\n\n\n\n

\"It\u2019s been amazing to watch the BAYC ecosystem use their rights to collaborate and build awesome shit we never could have dreamed up. We can\u2019t wait to see the Cryptopunks and Meebits communities do the same.<\/em>\"<\/p>Yuga Labs on Twitter<\/a><\/cite><\/blockquote>\n","post_title":"BAYC's Yuga Labs Acquires Rights To CryptoPunks And Meebits","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"baycs-yuga-labs-acquires-rights-to-cryptopunks-and-meebits","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:28","post_modified_gmt":"2022-03-14 10:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 5

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

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ADVERTISEMENT
\n

LooksRare was launched on January 10th this year, within that time frame it has amassed over $22.5 billion in sales over 109,000 transactions according to Dune Analytics.<\/p>\n\n\n\n

NFT analytics site CryptoSlam! reported<\/a> in January that over $8 billion worth of NFT sales can be classified under wash trading. Since then, around 95% of sales on the site, or around $20B can be linked to wash trading<\/a>.<\/p>\n\n\n\n

\"\"\"\"<\/div>
LooksRare Trading Volume With<\/a> \/ Without<\/a> Wash Trading - Source: Dune Analytics<\/a><\/figcaption><\/figure>\n\n\n\n

LooksRare was launched by two anonymous developers, Zodd and Guts, in January of 2022. Since its launch, LooksRare has grown to become the biggest alternative to\u00a0the leading NFT marketplace,\u00a0OpenSea<\/a>. Despite the decline in NFT sales this year, users are still finding ways to make a quick profit, ethical or not.<\/p>\n\n\n\n

LooksRare Intentional Setup Of Wash Trading<\/h2>\n\n\n\n

LooksRare came up with a genius trading rewards model<\/a> to help grow their site. LooksRare will offer token rewards in LooksRare Token ($LOOKS<\/a>) to users who buy and sell on their platform.<\/p>\n\n\n\n

\"\"
LooksRare Historical Trading Volume - Source: DappRadar<\/a><\/figcaption><\/figure>\n\n\n\n

With this users can cheat the system. NFTs can be wash traded where the prices of the NFT would be inflated to the point that the $LOOKS reward would be enough to cover the Ethereum gas fees<\/a> and LooksRare's 2% marketplace fee. With this fact, LooksRare also provides staking rewards for users who stake $LOOKS on the platform, paid out in Wrapped Ethereum ($WETH<\/a>), this is an even larger reason for users to keep using the site.<\/p>\n\n\n\n

LooksRare is aware of the fact this is happening. They retweeted <\/a>a tweet that called these tactics \"genius\" back near their launch in January, they also did not institute any methods at their launch to deter users from buying and selling their own NFTs at inflated prices.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/LooksRareNFT\/status\/1487018639949582336?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1487018639949582336%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fdecrypt.co%2F91510%2Flooksrare-has-reportedly-generated-8b-ethereum-nft-wash-trading\n<\/div><\/figure>\n\n\n\n

\u201cIt seems that organic trading is indeed increasing in LooksRare. The difference between selling expensive NFTs like BAYC on LooksRare rather than OpenSea can become a 1-2 Ether difference that the seller saves. So it appears that the NFT community is slowly adopting other options outside the incumbent.\u201d <\/em><\/p>Pedro Herrera, Senior Data Analyst at DappRadar. <\/cite><\/blockquote>\n\n\n\n

Although this success may not be long-lived. Wash trading in other markets is considered an illegal act. Chainalysis made a point of this in a report<\/a> and recommends LooksRare to discourage the activity of wash trading. As regulators<\/a> start taking closer looks into markets, these moves which seem fine now may eventually come back to hit the users even harder.<\/p>\n","post_title":"Wash Trading Makes Up 95% Of LooksRare Trading Volume","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"wash-trading-makes-up-95-of-looksrare-trading-volume","to_ping":"","pinged":"https:\/\/blog.chainalysis.com\/reports\/2022-crypto-crime-report-preview-nft-wash-trading-money-laundering\/\nhttps:\/\/www.thedistributed.co\/gas-fees\/","post_modified":"2022-04-07 21:27:34","post_modified_gmt":"2022-04-07 11:27:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4226","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4202,"post_author":"1","post_date":"2022-04-05 21:00:49","post_date_gmt":"2022-04-05 11:00:49","post_content":"\n

The United Kingdom government has announced plans to release a non-fungible token (NFT<\/a>) project dubbed the 'Royal Mint NFT'. This announcement correlates with their plan for a \"forward-looking approach\" towards crypto assets in the UK.<\/p>\n\n\n\n

Chancellor of the Exchequer (national treasury) Rishi Sunak has asked the U.K's Royal Mint to produce an NFT in the following months prior to summer.<\/p>\n\n\n\n

Economic Secretary to the Treasury John Glen stated<\/a> in a keynote speech the Royal Mint NFT collection will be \"an emblem of the forward-looking approach we are determined to take\"<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/hmtreasury\/status\/1510971092072079360?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1510971092072079360%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thedistributed.co%2Fwp-admin%2Fpost.php%3Fpost%3D4202action%3Dedit\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the adoption of <\/a>stablecoins<\/a> by the UK government<\/a>. The UK will proactively explore the potentially transformative benefits of\u00a0Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

\"We think that by making this country a hospitable place for crypto we can attract investment, generate swathes of new jobs, and create a wave of ground-breaking new products and services. We\u2019re on the cusp of something important. We have the opportunity to shape and lead it. And that is what we\u2019ll do.<\/em>\"<\/p>John Glen, Economic Secretary to the Treasury<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"UK Government Plans The 'Royal Mint NFT'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-plans-the-royal-mint-nft","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-04-24 23:19:34","post_modified_gmt":"2022-04-24 13:19:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4202","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/wongmjane\/status\/1486077324630302721\n<\/div><\/figure>\n\n\n\n

Solana is a Layer 1<\/a> blockchain, like Ethereum. Although, Solana uses Proof-of-History<\/a> as its consensus mechanism compared to Ethereum's Proof-of-Work. This allows Solana to have a throughput of 60,000 transactions per second, compared to Ethereum's current 15 transactions per second. This would make Solana a cheaper network to use, with much lower gas fees<\/a> compared with a blockchain like Ethereum.<\/p>\n\n\n\n

Solana is up 11.23% today at a price of $124.14, with a 24-hour trading volume of $3,860,298,289 USD.<\/p>\n\n\n\n

\"Solana
Solana Price Data on 31st March - Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"OpenSea To Support Solana NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"opensea-to-support-solana-nfts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/blockchain-essentials-application-layer-protocols\/","post_modified":"2023-04-11 12:49:54","post_modified_gmt":"2023-04-11 02:49:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4175","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4087,"post_author":"1","post_date":"2022-03-24 23:37:18","post_date_gmt":"2022-03-24 12:37:18","post_content":"\n

In a\u00a0blog post<\/a>\u00a0by Loopring's head of growth, Adam Browman states that \"the GameStop NFT Marketplace has taken its first steps to welcome users, and it is built atop Loopring!\"<\/p>\n\n\n\n

Browman believes that the project \"has the potential to cement itself at the forefront of this new paradigm and become the destination for global digital economies.\" The blog post states that users can get early access to the project now to set up usernames and profiles, as well as make their first deposits.<\/p>\n\n\n\n

GameStop and NFTs<\/h2>\n\n\n\n

Rumors circulating since November\u00a0suggested that Loopring might be working with GameStop on a metaverse-related project. The Wall Street Journal\u00a0reported<\/a> in January\u00a0that GameStop was planning to build a new team focused on NFTs.<\/p>\n\n\n\n

Soon after that announcement, GameStop mentioned Immuntable X as their primary partner for the project. Despite this fact, Loopring was mentioned<\/a> at the time in an SEC filing<\/a>.<\/p>\n\n\n\n

According to an article from Decrypt<\/a>, there has been a lot of confusion on the topic and who is powering the NFT marketplace. It turns out that both Loopring and Immutable X are powering the NFT plans of GameStop. Although Immutable X tweeted<\/a> in a thread how they are the \"preferred partner\".<\/p>\n\n\n\n

Immutable mentioned the Loopring integration \u201cwas not a surprise (and we welcome them!).\" The marketplace will act as an aggregator across NFT minting platforms. Although, it appears that Immutable X will receive the most focus on the marketplace being the \"preferred partner\".<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Immutable\/status\/1506596126677295108\n<\/div><\/figure>\n\n\n\n

Since the announcement, $LRC<\/a>, the native token of Layer 2 blockchain<\/a> Loopring has soared over 35% to a high of $1.21. Although it is now trading steadily at $1.09. Loopring is currently sitting at a market cap of US$1.46 billion, according to data from CoinMarketCap.<\/p>\n\n\n\n

$IMX<\/a>, the token on the Immutable X blockchain is down 8.9% in the past 24 hours, trading at $2.19, according to data from CoinMarketCap.<\/p>\n\n\n\n

The other company in the mix, GameStop also had a huge day seeing a 14.5% gain to $141 in GME<\/a> stocks. Over 24 million GME shares were traded today alone. <\/p>\n","post_title":"GameStop NFT Marketplace Has Entered Beta, Integrated With Loopring","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"gamestop-nft-marketplace-has-entered-beta-integrated-with-loopring","to_ping":"","pinged":"","post_modified":"2022-03-24 23:37:42","post_modified_gmt":"2022-03-24 12:37:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4087","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4089,"post_author":"1","post_date":"2022-03-24 22:46:11","post_date_gmt":"2022-03-24 11:46:11","post_content":"\n

Floyd \u2019Money\u2019 Mayweather has re-entered the world of cryptocurrency with the announcement of his 2nd NFT project, dubbed Mayweverse. <\/p>\n\n\n\n

The project will consist of 5 different NFTs, each NFT will have 1000 copies available to mint. Every card has its own rarity, utility, and prizes. <\/p>\n\n\n\n

Despite how good it may sounds, Twitter users were quick to criticize. Floyd was reminded<\/a> of his previous NFT project<\/a>, which made him nearly US$5 million and is now worthless. \u201cYou already have an NFT project, it\u2019s called @RealFloydNFT. You released it last year and then stopped working on it immediately after. Have you been punched in the head so much that you\u2019re forgetting these things now?\u201d<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Berke_eth\/status\/1506051809542037506\n<\/div><\/figure>\n\n\n\n

Users were quick to call his bluff<\/a>. Floyd states that he has been working on this for months, although the twitter handle @mayweverse<\/a> was created this month. <\/p>\n\n\n\n

Coffezilla, known for calling out rug pulls and scams within the industry tweeted<\/a> his thoughts on the NFT project. He states \"Floyd Mayweather is frantically deleting evidence of his last NFT scam. He's getting roasted by the investors.\" <\/p>\n\n\n\n

Will this NFT collection follow in the footsteps of his previous NFT collection and be abandoned, or will he stick by his word?<\/p>\n","post_title":"Floyd Mayweather Re-enters The World Of Crypto With \u2018Mayweverse\u2019 NFT Project","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"floyd-mayweather-re-enters-the-world-of-crypto-with-mayweverse-nft-project","to_ping":"","pinged":"","post_modified":"2022-03-24 23:37:53","post_modified_gmt":"2022-03-24 12:37:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4089","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4003,"post_author":"1","post_date":"2022-03-21 15:25:03","post_date_gmt":"2022-03-21 04:25:03","post_content":"\n

Adobe-backed creative showcase platform Behance<\/a> to showcase Solana NFTs within the platform. The addition of this feature will allow creators to earn from their designs.<\/p>\n\n\n\n

The feature is only available to creators who have a Phantom Wallet<\/a> connected to their Behance accounts, and are hosted by QuickNode<\/a>. Once this is done, creators can showcase various NFTs from the Solana blockchain on their profiles. <\/p>\n\n\n\n

Adobes Vice President, William Allen, stated that although there are features to implement Ethereum NFTs on the Behance platform already, creators may not want to use Ethereum due to the high gas fees<\/a>. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/williamallen\/status\/1500858469447917571?s=21\n<\/div><\/figure>\n\n\n\n

In turn, Allen addresses<\/a> that \u201cA single transaction on Solana uses less energy than two google searches and costs a fraction of a penny\u201d insisting that it may be a better alternative for some creators. <\/p>\n\n\n\n

\"\"<\/a>
Solanas 1 Day Price Tracker \/ Source - CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

Notes On The Collaborators <\/h2>\n\n\n\n

Phantom Wallet was quick to regard this as a \u201chuge\u201d collaboration for Solana and their emerging creator economy. The low cost and eco friendly nature of Solana will allow a larger range of artists the ability to experiment with NFTs. Allen stated<\/a> on Twitter that Solana will be added to the \u2019Content Credentials\u2019 tool in photoshop, allowing creators to publish NFTs from photoshop ensuring that the work stays their work. <\/p>\n\n\n\n

QuickNode which rented the space within the mainnet of Solana to Adobe is the leading Solana node provider, sustaining over 50% of the entire nodes on the network. No official statement has been released by the team yet. <\/p>\n","post_title":"Solana NFTs To Be Integrated Within Behance","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"solana-nfts-to-be-integrated-within-behance","to_ping":"","pinged":"","post_modified":"2023-04-11 12:51:53","post_modified_gmt":"2023-04-11 02:51:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4003","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3933,"post_author":"1","post_date":"2022-03-14 22:44:23","post_date_gmt":"2022-03-14 11:44:23","post_content":"\n

EtherRock #44, an NFT<\/a> valued at around US$1,000,000 was accidentally listed<\/a> for 444 Wei<\/a> (>US$0.0000001), rather than 444 Ether (US$1,151,000).<\/p>\n\n\n\n

Former owner Dino, posted about the unfortunate event on Twitter.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501802006364635139?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1501802006364635139%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.tronweekly.com%2F1m-worth-rock-nft-sells-for-under-a-penny%2F\n<\/div><\/figure>\n\n\n\n

The EtherRock was instantly purchased<\/a> and relisted by a bot, within the same block, with Dino requesting<\/a> an Etherscan refund. This has so far been unsuccessful. <\/p>\n\n\n\n

Although a very costly mistake, Dino has made his peace with the situation, agreeing it was more of an \"easy come, easy go\" situation. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501897330353934337\n<\/div><\/figure>\n\n\n\n

\"They say it is better to have rocked and lost rock than to have never rocked at all.\"<\/em><\/p>HiddenGnome on Twitter<\/a><\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"EtherRock Worth $1M Sold For A Fraction Of A Cent","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"etherrock-worth-1m-sold-for-a-fraction-of-a-cent","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/wei\/","post_modified":"2023-04-11 12:52:09","post_modified_gmt":"2023-04-11 02:52:09","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3933","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3890,"post_author":"1","post_date":"2022-03-13 19:50:24","post_date_gmt":"2022-03-13 08:50:24","post_content":"\n

Yuga Labs, the company behind the Bored Ape Yacht Club NFT collection, has acquired CryptoPunks and Meebits from fellow developer Larva Labs.<\/p>\n\n\n\n

A joint<\/a> announcement<\/a> was made by Larva Labs and Yuga Labs on Twitter<\/a> on Friday evening.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/yugalabs\/status\/1502420714527334406?s=20&t=IyM-KDtJPh0WaI5XPfA10A\n<\/div><\/figure>\n\n\n\n

Yuga Labs \"now own the brands, copyright in the art, and other IP rights for both collections, along with 423 CryptoPunks and 1711 Meebits\" according to their announcement. This means that they own both the 1st<\/a> and 2nd<\/a> most valuable NFT collections on the market.<\/p>\n\n\n\n

Yuga Labs plans to grant the commercial rights to all CryptoPunk and Meebit NFTs to their owners, as has been done for BAYC owners. This still means that Yuga Labs owns the collection and will \"be building the overall brand right alongside them\", but each NFT owner can monetize their specific ape.<\/p>\n\n\n\n

\"It\u2019s been amazing to watch the BAYC ecosystem use their rights to collaborate and build awesome shit we never could have dreamed up. We can\u2019t wait to see the Cryptopunks and Meebits communities do the same.<\/em>\"<\/p>Yuga Labs on Twitter<\/a><\/cite><\/blockquote>\n","post_title":"BAYC's Yuga Labs Acquires Rights To CryptoPunks And Meebits","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"baycs-yuga-labs-acquires-rights-to-cryptopunks-and-meebits","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:28","post_modified_gmt":"2022-03-14 10:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 5

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

LooksRare<\/a> is the 2nd largest<\/a> NFT marketplace by volume. Although 95% of its trading volume<\/a> is coming from users selling and buying their own NFTs.<\/p>\n\n\n\n

LooksRare was launched on January 10th this year, within that time frame it has amassed over $22.5 billion in sales over 109,000 transactions according to Dune Analytics.<\/p>\n\n\n\n

NFT analytics site CryptoSlam! reported<\/a> in January that over $8 billion worth of NFT sales can be classified under wash trading. Since then, around 95% of sales on the site, or around $20B can be linked to wash trading<\/a>.<\/p>\n\n\n\n

\"\"\"\"<\/div>
LooksRare Trading Volume With<\/a> \/ Without<\/a> Wash Trading - Source: Dune Analytics<\/a><\/figcaption><\/figure>\n\n\n\n

LooksRare was launched by two anonymous developers, Zodd and Guts, in January of 2022. Since its launch, LooksRare has grown to become the biggest alternative to\u00a0the leading NFT marketplace,\u00a0OpenSea<\/a>. Despite the decline in NFT sales this year, users are still finding ways to make a quick profit, ethical or not.<\/p>\n\n\n\n

LooksRare Intentional Setup Of Wash Trading<\/h2>\n\n\n\n

LooksRare came up with a genius trading rewards model<\/a> to help grow their site. LooksRare will offer token rewards in LooksRare Token ($LOOKS<\/a>) to users who buy and sell on their platform.<\/p>\n\n\n\n

\"\"
LooksRare Historical Trading Volume - Source: DappRadar<\/a><\/figcaption><\/figure>\n\n\n\n

With this users can cheat the system. NFTs can be wash traded where the prices of the NFT would be inflated to the point that the $LOOKS reward would be enough to cover the Ethereum gas fees<\/a> and LooksRare's 2% marketplace fee. With this fact, LooksRare also provides staking rewards for users who stake $LOOKS on the platform, paid out in Wrapped Ethereum ($WETH<\/a>), this is an even larger reason for users to keep using the site.<\/p>\n\n\n\n

LooksRare is aware of the fact this is happening. They retweeted <\/a>a tweet that called these tactics \"genius\" back near their launch in January, they also did not institute any methods at their launch to deter users from buying and selling their own NFTs at inflated prices.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/LooksRareNFT\/status\/1487018639949582336?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1487018639949582336%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fdecrypt.co%2F91510%2Flooksrare-has-reportedly-generated-8b-ethereum-nft-wash-trading\n<\/div><\/figure>\n\n\n\n

\u201cIt seems that organic trading is indeed increasing in LooksRare. The difference between selling expensive NFTs like BAYC on LooksRare rather than OpenSea can become a 1-2 Ether difference that the seller saves. So it appears that the NFT community is slowly adopting other options outside the incumbent.\u201d <\/em><\/p>Pedro Herrera, Senior Data Analyst at DappRadar. <\/cite><\/blockquote>\n\n\n\n

Although this success may not be long-lived. Wash trading in other markets is considered an illegal act. Chainalysis made a point of this in a report<\/a> and recommends LooksRare to discourage the activity of wash trading. As regulators<\/a> start taking closer looks into markets, these moves which seem fine now may eventually come back to hit the users even harder.<\/p>\n","post_title":"Wash Trading Makes Up 95% Of LooksRare Trading Volume","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"wash-trading-makes-up-95-of-looksrare-trading-volume","to_ping":"","pinged":"https:\/\/blog.chainalysis.com\/reports\/2022-crypto-crime-report-preview-nft-wash-trading-money-laundering\/\nhttps:\/\/www.thedistributed.co\/gas-fees\/","post_modified":"2022-04-07 21:27:34","post_modified_gmt":"2022-04-07 11:27:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4226","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4202,"post_author":"1","post_date":"2022-04-05 21:00:49","post_date_gmt":"2022-04-05 11:00:49","post_content":"\n

The United Kingdom government has announced plans to release a non-fungible token (NFT<\/a>) project dubbed the 'Royal Mint NFT'. This announcement correlates with their plan for a \"forward-looking approach\" towards crypto assets in the UK.<\/p>\n\n\n\n

Chancellor of the Exchequer (national treasury) Rishi Sunak has asked the U.K's Royal Mint to produce an NFT in the following months prior to summer.<\/p>\n\n\n\n

Economic Secretary to the Treasury John Glen stated<\/a> in a keynote speech the Royal Mint NFT collection will be \"an emblem of the forward-looking approach we are determined to take\"<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/hmtreasury\/status\/1510971092072079360?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1510971092072079360%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thedistributed.co%2Fwp-admin%2Fpost.php%3Fpost%3D4202action%3Dedit\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the adoption of <\/a>stablecoins<\/a> by the UK government<\/a>. The UK will proactively explore the potentially transformative benefits of\u00a0Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

\"We think that by making this country a hospitable place for crypto we can attract investment, generate swathes of new jobs, and create a wave of ground-breaking new products and services. We\u2019re on the cusp of something important. We have the opportunity to shape and lead it. And that is what we\u2019ll do.<\/em>\"<\/p>John Glen, Economic Secretary to the Treasury<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"UK Government Plans The 'Royal Mint NFT'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-plans-the-royal-mint-nft","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-04-24 23:19:34","post_modified_gmt":"2022-04-24 13:19:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4202","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/wongmjane\/status\/1486077324630302721\n<\/div><\/figure>\n\n\n\n

Solana is a Layer 1<\/a> blockchain, like Ethereum. Although, Solana uses Proof-of-History<\/a> as its consensus mechanism compared to Ethereum's Proof-of-Work. This allows Solana to have a throughput of 60,000 transactions per second, compared to Ethereum's current 15 transactions per second. This would make Solana a cheaper network to use, with much lower gas fees<\/a> compared with a blockchain like Ethereum.<\/p>\n\n\n\n

Solana is up 11.23% today at a price of $124.14, with a 24-hour trading volume of $3,860,298,289 USD.<\/p>\n\n\n\n

\"Solana
Solana Price Data on 31st March - Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"OpenSea To Support Solana NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"opensea-to-support-solana-nfts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/blockchain-essentials-application-layer-protocols\/","post_modified":"2023-04-11 12:49:54","post_modified_gmt":"2023-04-11 02:49:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4175","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4087,"post_author":"1","post_date":"2022-03-24 23:37:18","post_date_gmt":"2022-03-24 12:37:18","post_content":"\n

In a\u00a0blog post<\/a>\u00a0by Loopring's head of growth, Adam Browman states that \"the GameStop NFT Marketplace has taken its first steps to welcome users, and it is built atop Loopring!\"<\/p>\n\n\n\n

Browman believes that the project \"has the potential to cement itself at the forefront of this new paradigm and become the destination for global digital economies.\" The blog post states that users can get early access to the project now to set up usernames and profiles, as well as make their first deposits.<\/p>\n\n\n\n

GameStop and NFTs<\/h2>\n\n\n\n

Rumors circulating since November\u00a0suggested that Loopring might be working with GameStop on a metaverse-related project. The Wall Street Journal\u00a0reported<\/a> in January\u00a0that GameStop was planning to build a new team focused on NFTs.<\/p>\n\n\n\n

Soon after that announcement, GameStop mentioned Immuntable X as their primary partner for the project. Despite this fact, Loopring was mentioned<\/a> at the time in an SEC filing<\/a>.<\/p>\n\n\n\n

According to an article from Decrypt<\/a>, there has been a lot of confusion on the topic and who is powering the NFT marketplace. It turns out that both Loopring and Immutable X are powering the NFT plans of GameStop. Although Immutable X tweeted<\/a> in a thread how they are the \"preferred partner\".<\/p>\n\n\n\n

Immutable mentioned the Loopring integration \u201cwas not a surprise (and we welcome them!).\" The marketplace will act as an aggregator across NFT minting platforms. Although, it appears that Immutable X will receive the most focus on the marketplace being the \"preferred partner\".<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Immutable\/status\/1506596126677295108\n<\/div><\/figure>\n\n\n\n

Since the announcement, $LRC<\/a>, the native token of Layer 2 blockchain<\/a> Loopring has soared over 35% to a high of $1.21. Although it is now trading steadily at $1.09. Loopring is currently sitting at a market cap of US$1.46 billion, according to data from CoinMarketCap.<\/p>\n\n\n\n

$IMX<\/a>, the token on the Immutable X blockchain is down 8.9% in the past 24 hours, trading at $2.19, according to data from CoinMarketCap.<\/p>\n\n\n\n

The other company in the mix, GameStop also had a huge day seeing a 14.5% gain to $141 in GME<\/a> stocks. Over 24 million GME shares were traded today alone. <\/p>\n","post_title":"GameStop NFT Marketplace Has Entered Beta, Integrated With Loopring","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"gamestop-nft-marketplace-has-entered-beta-integrated-with-loopring","to_ping":"","pinged":"","post_modified":"2022-03-24 23:37:42","post_modified_gmt":"2022-03-24 12:37:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4087","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4089,"post_author":"1","post_date":"2022-03-24 22:46:11","post_date_gmt":"2022-03-24 11:46:11","post_content":"\n

Floyd \u2019Money\u2019 Mayweather has re-entered the world of cryptocurrency with the announcement of his 2nd NFT project, dubbed Mayweverse. <\/p>\n\n\n\n

The project will consist of 5 different NFTs, each NFT will have 1000 copies available to mint. Every card has its own rarity, utility, and prizes. <\/p>\n\n\n\n

Despite how good it may sounds, Twitter users were quick to criticize. Floyd was reminded<\/a> of his previous NFT project<\/a>, which made him nearly US$5 million and is now worthless. \u201cYou already have an NFT project, it\u2019s called @RealFloydNFT. You released it last year and then stopped working on it immediately after. Have you been punched in the head so much that you\u2019re forgetting these things now?\u201d<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Berke_eth\/status\/1506051809542037506\n<\/div><\/figure>\n\n\n\n

Users were quick to call his bluff<\/a>. Floyd states that he has been working on this for months, although the twitter handle @mayweverse<\/a> was created this month. <\/p>\n\n\n\n

Coffezilla, known for calling out rug pulls and scams within the industry tweeted<\/a> his thoughts on the NFT project. He states \"Floyd Mayweather is frantically deleting evidence of his last NFT scam. He's getting roasted by the investors.\" <\/p>\n\n\n\n

Will this NFT collection follow in the footsteps of his previous NFT collection and be abandoned, or will he stick by his word?<\/p>\n","post_title":"Floyd Mayweather Re-enters The World Of Crypto With \u2018Mayweverse\u2019 NFT Project","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"floyd-mayweather-re-enters-the-world-of-crypto-with-mayweverse-nft-project","to_ping":"","pinged":"","post_modified":"2022-03-24 23:37:53","post_modified_gmt":"2022-03-24 12:37:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4089","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4003,"post_author":"1","post_date":"2022-03-21 15:25:03","post_date_gmt":"2022-03-21 04:25:03","post_content":"\n

Adobe-backed creative showcase platform Behance<\/a> to showcase Solana NFTs within the platform. The addition of this feature will allow creators to earn from their designs.<\/p>\n\n\n\n

The feature is only available to creators who have a Phantom Wallet<\/a> connected to their Behance accounts, and are hosted by QuickNode<\/a>. Once this is done, creators can showcase various NFTs from the Solana blockchain on their profiles. <\/p>\n\n\n\n

Adobes Vice President, William Allen, stated that although there are features to implement Ethereum NFTs on the Behance platform already, creators may not want to use Ethereum due to the high gas fees<\/a>. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/williamallen\/status\/1500858469447917571?s=21\n<\/div><\/figure>\n\n\n\n

In turn, Allen addresses<\/a> that \u201cA single transaction on Solana uses less energy than two google searches and costs a fraction of a penny\u201d insisting that it may be a better alternative for some creators. <\/p>\n\n\n\n

\"\"<\/a>
Solanas 1 Day Price Tracker \/ Source - CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

Notes On The Collaborators <\/h2>\n\n\n\n

Phantom Wallet was quick to regard this as a \u201chuge\u201d collaboration for Solana and their emerging creator economy. The low cost and eco friendly nature of Solana will allow a larger range of artists the ability to experiment with NFTs. Allen stated<\/a> on Twitter that Solana will be added to the \u2019Content Credentials\u2019 tool in photoshop, allowing creators to publish NFTs from photoshop ensuring that the work stays their work. <\/p>\n\n\n\n

QuickNode which rented the space within the mainnet of Solana to Adobe is the leading Solana node provider, sustaining over 50% of the entire nodes on the network. No official statement has been released by the team yet. <\/p>\n","post_title":"Solana NFTs To Be Integrated Within Behance","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"solana-nfts-to-be-integrated-within-behance","to_ping":"","pinged":"","post_modified":"2023-04-11 12:51:53","post_modified_gmt":"2023-04-11 02:51:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4003","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3933,"post_author":"1","post_date":"2022-03-14 22:44:23","post_date_gmt":"2022-03-14 11:44:23","post_content":"\n

EtherRock #44, an NFT<\/a> valued at around US$1,000,000 was accidentally listed<\/a> for 444 Wei<\/a> (>US$0.0000001), rather than 444 Ether (US$1,151,000).<\/p>\n\n\n\n

Former owner Dino, posted about the unfortunate event on Twitter.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501802006364635139?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1501802006364635139%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.tronweekly.com%2F1m-worth-rock-nft-sells-for-under-a-penny%2F\n<\/div><\/figure>\n\n\n\n

The EtherRock was instantly purchased<\/a> and relisted by a bot, within the same block, with Dino requesting<\/a> an Etherscan refund. This has so far been unsuccessful. <\/p>\n\n\n\n

Although a very costly mistake, Dino has made his peace with the situation, agreeing it was more of an \"easy come, easy go\" situation. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501897330353934337\n<\/div><\/figure>\n\n\n\n

\"They say it is better to have rocked and lost rock than to have never rocked at all.\"<\/em><\/p>HiddenGnome on Twitter<\/a><\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"EtherRock Worth $1M Sold For A Fraction Of A Cent","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"etherrock-worth-1m-sold-for-a-fraction-of-a-cent","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/wei\/","post_modified":"2023-04-11 12:52:09","post_modified_gmt":"2023-04-11 02:52:09","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3933","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3890,"post_author":"1","post_date":"2022-03-13 19:50:24","post_date_gmt":"2022-03-13 08:50:24","post_content":"\n

Yuga Labs, the company behind the Bored Ape Yacht Club NFT collection, has acquired CryptoPunks and Meebits from fellow developer Larva Labs.<\/p>\n\n\n\n

A joint<\/a> announcement<\/a> was made by Larva Labs and Yuga Labs on Twitter<\/a> on Friday evening.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/yugalabs\/status\/1502420714527334406?s=20&t=IyM-KDtJPh0WaI5XPfA10A\n<\/div><\/figure>\n\n\n\n

Yuga Labs \"now own the brands, copyright in the art, and other IP rights for both collections, along with 423 CryptoPunks and 1711 Meebits\" according to their announcement. This means that they own both the 1st<\/a> and 2nd<\/a> most valuable NFT collections on the market.<\/p>\n\n\n\n

Yuga Labs plans to grant the commercial rights to all CryptoPunk and Meebit NFTs to their owners, as has been done for BAYC owners. This still means that Yuga Labs owns the collection and will \"be building the overall brand right alongside them\", but each NFT owner can monetize their specific ape.<\/p>\n\n\n\n

\"It\u2019s been amazing to watch the BAYC ecosystem use their rights to collaborate and build awesome shit we never could have dreamed up. We can\u2019t wait to see the Cryptopunks and Meebits communities do the same.<\/em>\"<\/p>Yuga Labs on Twitter<\/a><\/cite><\/blockquote>\n","post_title":"BAYC's Yuga Labs Acquires Rights To CryptoPunks And Meebits","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"baycs-yuga-labs-acquires-rights-to-cryptopunks-and-meebits","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:28","post_modified_gmt":"2022-03-14 10:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n

Associations have persisted that venues to trade NFTs must not be facilitated, the same members should also stay away from investing in these assets and providing financial support for others to do so.<\/p>\n","post_title":"Chinese Regulators Want To Curb The Wave Of NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"chinese-regulators-want-to-curb-the-wave-of-nfts","to_ping":"","pinged":"","post_modified":"2022-04-14 23:22:58","post_modified_gmt":"2022-04-14 13:22:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4330","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4226,"post_author":"1","post_date":"2022-04-06 06:51:19","post_date_gmt":"2022-04-05 20:51:19","post_content":"\n

LooksRare<\/a> is the 2nd largest<\/a> NFT marketplace by volume. Although 95% of its trading volume<\/a> is coming from users selling and buying their own NFTs.<\/p>\n\n\n\n

LooksRare was launched on January 10th this year, within that time frame it has amassed over $22.5 billion in sales over 109,000 transactions according to Dune Analytics.<\/p>\n\n\n\n

NFT analytics site CryptoSlam! reported<\/a> in January that over $8 billion worth of NFT sales can be classified under wash trading. Since then, around 95% of sales on the site, or around $20B can be linked to wash trading<\/a>.<\/p>\n\n\n\n

\"\"\"\"<\/div>
LooksRare Trading Volume With<\/a> \/ Without<\/a> Wash Trading - Source: Dune Analytics<\/a><\/figcaption><\/figure>\n\n\n\n

LooksRare was launched by two anonymous developers, Zodd and Guts, in January of 2022. Since its launch, LooksRare has grown to become the biggest alternative to\u00a0the leading NFT marketplace,\u00a0OpenSea<\/a>. Despite the decline in NFT sales this year, users are still finding ways to make a quick profit, ethical or not.<\/p>\n\n\n\n

LooksRare Intentional Setup Of Wash Trading<\/h2>\n\n\n\n

LooksRare came up with a genius trading rewards model<\/a> to help grow their site. LooksRare will offer token rewards in LooksRare Token ($LOOKS<\/a>) to users who buy and sell on their platform.<\/p>\n\n\n\n

\"\"
LooksRare Historical Trading Volume - Source: DappRadar<\/a><\/figcaption><\/figure>\n\n\n\n

With this users can cheat the system. NFTs can be wash traded where the prices of the NFT would be inflated to the point that the $LOOKS reward would be enough to cover the Ethereum gas fees<\/a> and LooksRare's 2% marketplace fee. With this fact, LooksRare also provides staking rewards for users who stake $LOOKS on the platform, paid out in Wrapped Ethereum ($WETH<\/a>), this is an even larger reason for users to keep using the site.<\/p>\n\n\n\n

LooksRare is aware of the fact this is happening. They retweeted <\/a>a tweet that called these tactics \"genius\" back near their launch in January, they also did not institute any methods at their launch to deter users from buying and selling their own NFTs at inflated prices.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/LooksRareNFT\/status\/1487018639949582336?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1487018639949582336%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fdecrypt.co%2F91510%2Flooksrare-has-reportedly-generated-8b-ethereum-nft-wash-trading\n<\/div><\/figure>\n\n\n\n

\u201cIt seems that organic trading is indeed increasing in LooksRare. The difference between selling expensive NFTs like BAYC on LooksRare rather than OpenSea can become a 1-2 Ether difference that the seller saves. So it appears that the NFT community is slowly adopting other options outside the incumbent.\u201d <\/em><\/p>Pedro Herrera, Senior Data Analyst at DappRadar. <\/cite><\/blockquote>\n\n\n\n

Although this success may not be long-lived. Wash trading in other markets is considered an illegal act. Chainalysis made a point of this in a report<\/a> and recommends LooksRare to discourage the activity of wash trading. As regulators<\/a> start taking closer looks into markets, these moves which seem fine now may eventually come back to hit the users even harder.<\/p>\n","post_title":"Wash Trading Makes Up 95% Of LooksRare Trading Volume","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"wash-trading-makes-up-95-of-looksrare-trading-volume","to_ping":"","pinged":"https:\/\/blog.chainalysis.com\/reports\/2022-crypto-crime-report-preview-nft-wash-trading-money-laundering\/\nhttps:\/\/www.thedistributed.co\/gas-fees\/","post_modified":"2022-04-07 21:27:34","post_modified_gmt":"2022-04-07 11:27:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4226","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4202,"post_author":"1","post_date":"2022-04-05 21:00:49","post_date_gmt":"2022-04-05 11:00:49","post_content":"\n

The United Kingdom government has announced plans to release a non-fungible token (NFT<\/a>) project dubbed the 'Royal Mint NFT'. This announcement correlates with their plan for a \"forward-looking approach\" towards crypto assets in the UK.<\/p>\n\n\n\n

Chancellor of the Exchequer (national treasury) Rishi Sunak has asked the U.K's Royal Mint to produce an NFT in the following months prior to summer.<\/p>\n\n\n\n

Economic Secretary to the Treasury John Glen stated<\/a> in a keynote speech the Royal Mint NFT collection will be \"an emblem of the forward-looking approach we are determined to take\"<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/hmtreasury\/status\/1510971092072079360?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1510971092072079360%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thedistributed.co%2Fwp-admin%2Fpost.php%3Fpost%3D4202action%3Dedit\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the adoption of <\/a>stablecoins<\/a> by the UK government<\/a>. The UK will proactively explore the potentially transformative benefits of\u00a0Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

\"We think that by making this country a hospitable place for crypto we can attract investment, generate swathes of new jobs, and create a wave of ground-breaking new products and services. We\u2019re on the cusp of something important. We have the opportunity to shape and lead it. And that is what we\u2019ll do.<\/em>\"<\/p>John Glen, Economic Secretary to the Treasury<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"UK Government Plans The 'Royal Mint NFT'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-plans-the-royal-mint-nft","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-04-24 23:19:34","post_modified_gmt":"2022-04-24 13:19:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4202","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/wongmjane\/status\/1486077324630302721\n<\/div><\/figure>\n\n\n\n

Solana is a Layer 1<\/a> blockchain, like Ethereum. Although, Solana uses Proof-of-History<\/a> as its consensus mechanism compared to Ethereum's Proof-of-Work. This allows Solana to have a throughput of 60,000 transactions per second, compared to Ethereum's current 15 transactions per second. This would make Solana a cheaper network to use, with much lower gas fees<\/a> compared with a blockchain like Ethereum.<\/p>\n\n\n\n

Solana is up 11.23% today at a price of $124.14, with a 24-hour trading volume of $3,860,298,289 USD.<\/p>\n\n\n\n

\"Solana
Solana Price Data on 31st March - Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"OpenSea To Support Solana NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"opensea-to-support-solana-nfts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/blockchain-essentials-application-layer-protocols\/","post_modified":"2023-04-11 12:49:54","post_modified_gmt":"2023-04-11 02:49:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4175","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4087,"post_author":"1","post_date":"2022-03-24 23:37:18","post_date_gmt":"2022-03-24 12:37:18","post_content":"\n

In a\u00a0blog post<\/a>\u00a0by Loopring's head of growth, Adam Browman states that \"the GameStop NFT Marketplace has taken its first steps to welcome users, and it is built atop Loopring!\"<\/p>\n\n\n\n

Browman believes that the project \"has the potential to cement itself at the forefront of this new paradigm and become the destination for global digital economies.\" The blog post states that users can get early access to the project now to set up usernames and profiles, as well as make their first deposits.<\/p>\n\n\n\n

GameStop and NFTs<\/h2>\n\n\n\n

Rumors circulating since November\u00a0suggested that Loopring might be working with GameStop on a metaverse-related project. The Wall Street Journal\u00a0reported<\/a> in January\u00a0that GameStop was planning to build a new team focused on NFTs.<\/p>\n\n\n\n

Soon after that announcement, GameStop mentioned Immuntable X as their primary partner for the project. Despite this fact, Loopring was mentioned<\/a> at the time in an SEC filing<\/a>.<\/p>\n\n\n\n

According to an article from Decrypt<\/a>, there has been a lot of confusion on the topic and who is powering the NFT marketplace. It turns out that both Loopring and Immutable X are powering the NFT plans of GameStop. Although Immutable X tweeted<\/a> in a thread how they are the \"preferred partner\".<\/p>\n\n\n\n

Immutable mentioned the Loopring integration \u201cwas not a surprise (and we welcome them!).\" The marketplace will act as an aggregator across NFT minting platforms. Although, it appears that Immutable X will receive the most focus on the marketplace being the \"preferred partner\".<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Immutable\/status\/1506596126677295108\n<\/div><\/figure>\n\n\n\n

Since the announcement, $LRC<\/a>, the native token of Layer 2 blockchain<\/a> Loopring has soared over 35% to a high of $1.21. Although it is now trading steadily at $1.09. Loopring is currently sitting at a market cap of US$1.46 billion, according to data from CoinMarketCap.<\/p>\n\n\n\n

$IMX<\/a>, the token on the Immutable X blockchain is down 8.9% in the past 24 hours, trading at $2.19, according to data from CoinMarketCap.<\/p>\n\n\n\n

The other company in the mix, GameStop also had a huge day seeing a 14.5% gain to $141 in GME<\/a> stocks. Over 24 million GME shares were traded today alone. <\/p>\n","post_title":"GameStop NFT Marketplace Has Entered Beta, Integrated With Loopring","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"gamestop-nft-marketplace-has-entered-beta-integrated-with-loopring","to_ping":"","pinged":"","post_modified":"2022-03-24 23:37:42","post_modified_gmt":"2022-03-24 12:37:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4087","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4089,"post_author":"1","post_date":"2022-03-24 22:46:11","post_date_gmt":"2022-03-24 11:46:11","post_content":"\n

Floyd \u2019Money\u2019 Mayweather has re-entered the world of cryptocurrency with the announcement of his 2nd NFT project, dubbed Mayweverse. <\/p>\n\n\n\n

The project will consist of 5 different NFTs, each NFT will have 1000 copies available to mint. Every card has its own rarity, utility, and prizes. <\/p>\n\n\n\n

Despite how good it may sounds, Twitter users were quick to criticize. Floyd was reminded<\/a> of his previous NFT project<\/a>, which made him nearly US$5 million and is now worthless. \u201cYou already have an NFT project, it\u2019s called @RealFloydNFT. You released it last year and then stopped working on it immediately after. Have you been punched in the head so much that you\u2019re forgetting these things now?\u201d<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Berke_eth\/status\/1506051809542037506\n<\/div><\/figure>\n\n\n\n

Users were quick to call his bluff<\/a>. Floyd states that he has been working on this for months, although the twitter handle @mayweverse<\/a> was created this month. <\/p>\n\n\n\n

Coffezilla, known for calling out rug pulls and scams within the industry tweeted<\/a> his thoughts on the NFT project. He states \"Floyd Mayweather is frantically deleting evidence of his last NFT scam. He's getting roasted by the investors.\" <\/p>\n\n\n\n

Will this NFT collection follow in the footsteps of his previous NFT collection and be abandoned, or will he stick by his word?<\/p>\n","post_title":"Floyd Mayweather Re-enters The World Of Crypto With \u2018Mayweverse\u2019 NFT Project","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"floyd-mayweather-re-enters-the-world-of-crypto-with-mayweverse-nft-project","to_ping":"","pinged":"","post_modified":"2022-03-24 23:37:53","post_modified_gmt":"2022-03-24 12:37:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4089","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4003,"post_author":"1","post_date":"2022-03-21 15:25:03","post_date_gmt":"2022-03-21 04:25:03","post_content":"\n

Adobe-backed creative showcase platform Behance<\/a> to showcase Solana NFTs within the platform. The addition of this feature will allow creators to earn from their designs.<\/p>\n\n\n\n

The feature is only available to creators who have a Phantom Wallet<\/a> connected to their Behance accounts, and are hosted by QuickNode<\/a>. Once this is done, creators can showcase various NFTs from the Solana blockchain on their profiles. <\/p>\n\n\n\n

Adobes Vice President, William Allen, stated that although there are features to implement Ethereum NFTs on the Behance platform already, creators may not want to use Ethereum due to the high gas fees<\/a>. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/williamallen\/status\/1500858469447917571?s=21\n<\/div><\/figure>\n\n\n\n

In turn, Allen addresses<\/a> that \u201cA single transaction on Solana uses less energy than two google searches and costs a fraction of a penny\u201d insisting that it may be a better alternative for some creators. <\/p>\n\n\n\n

\"\"<\/a>
Solanas 1 Day Price Tracker \/ Source - CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

Notes On The Collaborators <\/h2>\n\n\n\n

Phantom Wallet was quick to regard this as a \u201chuge\u201d collaboration for Solana and their emerging creator economy. The low cost and eco friendly nature of Solana will allow a larger range of artists the ability to experiment with NFTs. Allen stated<\/a> on Twitter that Solana will be added to the \u2019Content Credentials\u2019 tool in photoshop, allowing creators to publish NFTs from photoshop ensuring that the work stays their work. <\/p>\n\n\n\n

QuickNode which rented the space within the mainnet of Solana to Adobe is the leading Solana node provider, sustaining over 50% of the entire nodes on the network. No official statement has been released by the team yet. <\/p>\n","post_title":"Solana NFTs To Be Integrated Within Behance","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"solana-nfts-to-be-integrated-within-behance","to_ping":"","pinged":"","post_modified":"2023-04-11 12:51:53","post_modified_gmt":"2023-04-11 02:51:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4003","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3933,"post_author":"1","post_date":"2022-03-14 22:44:23","post_date_gmt":"2022-03-14 11:44:23","post_content":"\n

EtherRock #44, an NFT<\/a> valued at around US$1,000,000 was accidentally listed<\/a> for 444 Wei<\/a> (>US$0.0000001), rather than 444 Ether (US$1,151,000).<\/p>\n\n\n\n

Former owner Dino, posted about the unfortunate event on Twitter.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501802006364635139?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1501802006364635139%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.tronweekly.com%2F1m-worth-rock-nft-sells-for-under-a-penny%2F\n<\/div><\/figure>\n\n\n\n

The EtherRock was instantly purchased<\/a> and relisted by a bot, within the same block, with Dino requesting<\/a> an Etherscan refund. This has so far been unsuccessful. <\/p>\n\n\n\n

Although a very costly mistake, Dino has made his peace with the situation, agreeing it was more of an \"easy come, easy go\" situation. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501897330353934337\n<\/div><\/figure>\n\n\n\n

\"They say it is better to have rocked and lost rock than to have never rocked at all.\"<\/em><\/p>HiddenGnome on Twitter<\/a><\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"EtherRock Worth $1M Sold For A Fraction Of A Cent","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"etherrock-worth-1m-sold-for-a-fraction-of-a-cent","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/wei\/","post_modified":"2023-04-11 12:52:09","post_modified_gmt":"2023-04-11 02:52:09","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3933","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3890,"post_author":"1","post_date":"2022-03-13 19:50:24","post_date_gmt":"2022-03-13 08:50:24","post_content":"\n

Yuga Labs, the company behind the Bored Ape Yacht Club NFT collection, has acquired CryptoPunks and Meebits from fellow developer Larva Labs.<\/p>\n\n\n\n

A joint<\/a> announcement<\/a> was made by Larva Labs and Yuga Labs on Twitter<\/a> on Friday evening.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/yugalabs\/status\/1502420714527334406?s=20&t=IyM-KDtJPh0WaI5XPfA10A\n<\/div><\/figure>\n\n\n\n

Yuga Labs \"now own the brands, copyright in the art, and other IP rights for both collections, along with 423 CryptoPunks and 1711 Meebits\" according to their announcement. This means that they own both the 1st<\/a> and 2nd<\/a> most valuable NFT collections on the market.<\/p>\n\n\n\n

Yuga Labs plans to grant the commercial rights to all CryptoPunk and Meebit NFTs to their owners, as has been done for BAYC owners. This still means that Yuga Labs owns the collection and will \"be building the overall brand right alongside them\", but each NFT owner can monetize their specific ape.<\/p>\n\n\n\n

\"It\u2019s been amazing to watch the BAYC ecosystem use their rights to collaborate and build awesome shit we never could have dreamed up. We can\u2019t wait to see the Cryptopunks and Meebits communities do the same.<\/em>\"<\/p>Yuga Labs on Twitter<\/a><\/cite><\/blockquote>\n","post_title":"BAYC's Yuga Labs Acquires Rights To CryptoPunks And Meebits","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"baycs-yuga-labs-acquires-rights-to-cryptopunks-and-meebits","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:28","post_modified_gmt":"2022-03-14 10:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n

State media believes that \"it is not enough if digital collections are only regarded as cultural and creative commodities traded online and supervised by market supervision departments and intellectual property departments...digital collections have commodity attributes, currency attributes, securities attributes, etc., and their supervision involves multiple departments, and it is urgent to establish a joint supervision mechanism.\"<\/p>\n\n\n\n

Associations have persisted that venues to trade NFTs must not be facilitated, the same members should also stay away from investing in these assets and providing financial support for others to do so.<\/p>\n","post_title":"Chinese Regulators Want To Curb The Wave Of NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"chinese-regulators-want-to-curb-the-wave-of-nfts","to_ping":"","pinged":"","post_modified":"2022-04-14 23:22:58","post_modified_gmt":"2022-04-14 13:22:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4330","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4226,"post_author":"1","post_date":"2022-04-06 06:51:19","post_date_gmt":"2022-04-05 20:51:19","post_content":"\n

LooksRare<\/a> is the 2nd largest<\/a> NFT marketplace by volume. Although 95% of its trading volume<\/a> is coming from users selling and buying their own NFTs.<\/p>\n\n\n\n

LooksRare was launched on January 10th this year, within that time frame it has amassed over $22.5 billion in sales over 109,000 transactions according to Dune Analytics.<\/p>\n\n\n\n

NFT analytics site CryptoSlam! reported<\/a> in January that over $8 billion worth of NFT sales can be classified under wash trading. Since then, around 95% of sales on the site, or around $20B can be linked to wash trading<\/a>.<\/p>\n\n\n\n

\"\"\"\"<\/div>
LooksRare Trading Volume With<\/a> \/ Without<\/a> Wash Trading - Source: Dune Analytics<\/a><\/figcaption><\/figure>\n\n\n\n

LooksRare was launched by two anonymous developers, Zodd and Guts, in January of 2022. Since its launch, LooksRare has grown to become the biggest alternative to\u00a0the leading NFT marketplace,\u00a0OpenSea<\/a>. Despite the decline in NFT sales this year, users are still finding ways to make a quick profit, ethical or not.<\/p>\n\n\n\n

LooksRare Intentional Setup Of Wash Trading<\/h2>\n\n\n\n

LooksRare came up with a genius trading rewards model<\/a> to help grow their site. LooksRare will offer token rewards in LooksRare Token ($LOOKS<\/a>) to users who buy and sell on their platform.<\/p>\n\n\n\n

\"\"
LooksRare Historical Trading Volume - Source: DappRadar<\/a><\/figcaption><\/figure>\n\n\n\n

With this users can cheat the system. NFTs can be wash traded where the prices of the NFT would be inflated to the point that the $LOOKS reward would be enough to cover the Ethereum gas fees<\/a> and LooksRare's 2% marketplace fee. With this fact, LooksRare also provides staking rewards for users who stake $LOOKS on the platform, paid out in Wrapped Ethereum ($WETH<\/a>), this is an even larger reason for users to keep using the site.<\/p>\n\n\n\n

LooksRare is aware of the fact this is happening. They retweeted <\/a>a tweet that called these tactics \"genius\" back near their launch in January, they also did not institute any methods at their launch to deter users from buying and selling their own NFTs at inflated prices.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/LooksRareNFT\/status\/1487018639949582336?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1487018639949582336%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fdecrypt.co%2F91510%2Flooksrare-has-reportedly-generated-8b-ethereum-nft-wash-trading\n<\/div><\/figure>\n\n\n\n

\u201cIt seems that organic trading is indeed increasing in LooksRare. The difference between selling expensive NFTs like BAYC on LooksRare rather than OpenSea can become a 1-2 Ether difference that the seller saves. So it appears that the NFT community is slowly adopting other options outside the incumbent.\u201d <\/em><\/p>Pedro Herrera, Senior Data Analyst at DappRadar. <\/cite><\/blockquote>\n\n\n\n

Although this success may not be long-lived. Wash trading in other markets is considered an illegal act. Chainalysis made a point of this in a report<\/a> and recommends LooksRare to discourage the activity of wash trading. As regulators<\/a> start taking closer looks into markets, these moves which seem fine now may eventually come back to hit the users even harder.<\/p>\n","post_title":"Wash Trading Makes Up 95% Of LooksRare Trading Volume","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"wash-trading-makes-up-95-of-looksrare-trading-volume","to_ping":"","pinged":"https:\/\/blog.chainalysis.com\/reports\/2022-crypto-crime-report-preview-nft-wash-trading-money-laundering\/\nhttps:\/\/www.thedistributed.co\/gas-fees\/","post_modified":"2022-04-07 21:27:34","post_modified_gmt":"2022-04-07 11:27:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4226","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4202,"post_author":"1","post_date":"2022-04-05 21:00:49","post_date_gmt":"2022-04-05 11:00:49","post_content":"\n

The United Kingdom government has announced plans to release a non-fungible token (NFT<\/a>) project dubbed the 'Royal Mint NFT'. This announcement correlates with their plan for a \"forward-looking approach\" towards crypto assets in the UK.<\/p>\n\n\n\n

Chancellor of the Exchequer (national treasury) Rishi Sunak has asked the U.K's Royal Mint to produce an NFT in the following months prior to summer.<\/p>\n\n\n\n

Economic Secretary to the Treasury John Glen stated<\/a> in a keynote speech the Royal Mint NFT collection will be \"an emblem of the forward-looking approach we are determined to take\"<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/hmtreasury\/status\/1510971092072079360?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1510971092072079360%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thedistributed.co%2Fwp-admin%2Fpost.php%3Fpost%3D4202action%3Dedit\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the adoption of <\/a>stablecoins<\/a> by the UK government<\/a>. The UK will proactively explore the potentially transformative benefits of\u00a0Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

\"We think that by making this country a hospitable place for crypto we can attract investment, generate swathes of new jobs, and create a wave of ground-breaking new products and services. We\u2019re on the cusp of something important. We have the opportunity to shape and lead it. And that is what we\u2019ll do.<\/em>\"<\/p>John Glen, Economic Secretary to the Treasury<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"UK Government Plans The 'Royal Mint NFT'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-plans-the-royal-mint-nft","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-04-24 23:19:34","post_modified_gmt":"2022-04-24 13:19:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4202","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/wongmjane\/status\/1486077324630302721\n<\/div><\/figure>\n\n\n\n

Solana is a Layer 1<\/a> blockchain, like Ethereum. Although, Solana uses Proof-of-History<\/a> as its consensus mechanism compared to Ethereum's Proof-of-Work. This allows Solana to have a throughput of 60,000 transactions per second, compared to Ethereum's current 15 transactions per second. This would make Solana a cheaper network to use, with much lower gas fees<\/a> compared with a blockchain like Ethereum.<\/p>\n\n\n\n

Solana is up 11.23% today at a price of $124.14, with a 24-hour trading volume of $3,860,298,289 USD.<\/p>\n\n\n\n

\"Solana
Solana Price Data on 31st March - Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"OpenSea To Support Solana NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"opensea-to-support-solana-nfts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/blockchain-essentials-application-layer-protocols\/","post_modified":"2023-04-11 12:49:54","post_modified_gmt":"2023-04-11 02:49:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4175","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4087,"post_author":"1","post_date":"2022-03-24 23:37:18","post_date_gmt":"2022-03-24 12:37:18","post_content":"\n

In a\u00a0blog post<\/a>\u00a0by Loopring's head of growth, Adam Browman states that \"the GameStop NFT Marketplace has taken its first steps to welcome users, and it is built atop Loopring!\"<\/p>\n\n\n\n

Browman believes that the project \"has the potential to cement itself at the forefront of this new paradigm and become the destination for global digital economies.\" The blog post states that users can get early access to the project now to set up usernames and profiles, as well as make their first deposits.<\/p>\n\n\n\n

GameStop and NFTs<\/h2>\n\n\n\n

Rumors circulating since November\u00a0suggested that Loopring might be working with GameStop on a metaverse-related project. The Wall Street Journal\u00a0reported<\/a> in January\u00a0that GameStop was planning to build a new team focused on NFTs.<\/p>\n\n\n\n

Soon after that announcement, GameStop mentioned Immuntable X as their primary partner for the project. Despite this fact, Loopring was mentioned<\/a> at the time in an SEC filing<\/a>.<\/p>\n\n\n\n

According to an article from Decrypt<\/a>, there has been a lot of confusion on the topic and who is powering the NFT marketplace. It turns out that both Loopring and Immutable X are powering the NFT plans of GameStop. Although Immutable X tweeted<\/a> in a thread how they are the \"preferred partner\".<\/p>\n\n\n\n

Immutable mentioned the Loopring integration \u201cwas not a surprise (and we welcome them!).\" The marketplace will act as an aggregator across NFT minting platforms. Although, it appears that Immutable X will receive the most focus on the marketplace being the \"preferred partner\".<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Immutable\/status\/1506596126677295108\n<\/div><\/figure>\n\n\n\n

Since the announcement, $LRC<\/a>, the native token of Layer 2 blockchain<\/a> Loopring has soared over 35% to a high of $1.21. Although it is now trading steadily at $1.09. Loopring is currently sitting at a market cap of US$1.46 billion, according to data from CoinMarketCap.<\/p>\n\n\n\n

$IMX<\/a>, the token on the Immutable X blockchain is down 8.9% in the past 24 hours, trading at $2.19, according to data from CoinMarketCap.<\/p>\n\n\n\n

The other company in the mix, GameStop also had a huge day seeing a 14.5% gain to $141 in GME<\/a> stocks. Over 24 million GME shares were traded today alone. <\/p>\n","post_title":"GameStop NFT Marketplace Has Entered Beta, Integrated With Loopring","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"gamestop-nft-marketplace-has-entered-beta-integrated-with-loopring","to_ping":"","pinged":"","post_modified":"2022-03-24 23:37:42","post_modified_gmt":"2022-03-24 12:37:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4087","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4089,"post_author":"1","post_date":"2022-03-24 22:46:11","post_date_gmt":"2022-03-24 11:46:11","post_content":"\n

Floyd \u2019Money\u2019 Mayweather has re-entered the world of cryptocurrency with the announcement of his 2nd NFT project, dubbed Mayweverse. <\/p>\n\n\n\n

The project will consist of 5 different NFTs, each NFT will have 1000 copies available to mint. Every card has its own rarity, utility, and prizes. <\/p>\n\n\n\n

Despite how good it may sounds, Twitter users were quick to criticize. Floyd was reminded<\/a> of his previous NFT project<\/a>, which made him nearly US$5 million and is now worthless. \u201cYou already have an NFT project, it\u2019s called @RealFloydNFT. You released it last year and then stopped working on it immediately after. Have you been punched in the head so much that you\u2019re forgetting these things now?\u201d<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Berke_eth\/status\/1506051809542037506\n<\/div><\/figure>\n\n\n\n

Users were quick to call his bluff<\/a>. Floyd states that he has been working on this for months, although the twitter handle @mayweverse<\/a> was created this month. <\/p>\n\n\n\n

Coffezilla, known for calling out rug pulls and scams within the industry tweeted<\/a> his thoughts on the NFT project. He states \"Floyd Mayweather is frantically deleting evidence of his last NFT scam. He's getting roasted by the investors.\" <\/p>\n\n\n\n

Will this NFT collection follow in the footsteps of his previous NFT collection and be abandoned, or will he stick by his word?<\/p>\n","post_title":"Floyd Mayweather Re-enters The World Of Crypto With \u2018Mayweverse\u2019 NFT Project","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"floyd-mayweather-re-enters-the-world-of-crypto-with-mayweverse-nft-project","to_ping":"","pinged":"","post_modified":"2022-03-24 23:37:53","post_modified_gmt":"2022-03-24 12:37:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4089","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4003,"post_author":"1","post_date":"2022-03-21 15:25:03","post_date_gmt":"2022-03-21 04:25:03","post_content":"\n

Adobe-backed creative showcase platform Behance<\/a> to showcase Solana NFTs within the platform. The addition of this feature will allow creators to earn from their designs.<\/p>\n\n\n\n

The feature is only available to creators who have a Phantom Wallet<\/a> connected to their Behance accounts, and are hosted by QuickNode<\/a>. Once this is done, creators can showcase various NFTs from the Solana blockchain on their profiles. <\/p>\n\n\n\n

Adobes Vice President, William Allen, stated that although there are features to implement Ethereum NFTs on the Behance platform already, creators may not want to use Ethereum due to the high gas fees<\/a>. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/williamallen\/status\/1500858469447917571?s=21\n<\/div><\/figure>\n\n\n\n

In turn, Allen addresses<\/a> that \u201cA single transaction on Solana uses less energy than two google searches and costs a fraction of a penny\u201d insisting that it may be a better alternative for some creators. <\/p>\n\n\n\n

\"\"<\/a>
Solanas 1 Day Price Tracker \/ Source - CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

Notes On The Collaborators <\/h2>\n\n\n\n

Phantom Wallet was quick to regard this as a \u201chuge\u201d collaboration for Solana and their emerging creator economy. The low cost and eco friendly nature of Solana will allow a larger range of artists the ability to experiment with NFTs. Allen stated<\/a> on Twitter that Solana will be added to the \u2019Content Credentials\u2019 tool in photoshop, allowing creators to publish NFTs from photoshop ensuring that the work stays their work. <\/p>\n\n\n\n

QuickNode which rented the space within the mainnet of Solana to Adobe is the leading Solana node provider, sustaining over 50% of the entire nodes on the network. No official statement has been released by the team yet. <\/p>\n","post_title":"Solana NFTs To Be Integrated Within Behance","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"solana-nfts-to-be-integrated-within-behance","to_ping":"","pinged":"","post_modified":"2023-04-11 12:51:53","post_modified_gmt":"2023-04-11 02:51:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4003","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3933,"post_author":"1","post_date":"2022-03-14 22:44:23","post_date_gmt":"2022-03-14 11:44:23","post_content":"\n

EtherRock #44, an NFT<\/a> valued at around US$1,000,000 was accidentally listed<\/a> for 444 Wei<\/a> (>US$0.0000001), rather than 444 Ether (US$1,151,000).<\/p>\n\n\n\n

Former owner Dino, posted about the unfortunate event on Twitter.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501802006364635139?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1501802006364635139%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.tronweekly.com%2F1m-worth-rock-nft-sells-for-under-a-penny%2F\n<\/div><\/figure>\n\n\n\n

The EtherRock was instantly purchased<\/a> and relisted by a bot, within the same block, with Dino requesting<\/a> an Etherscan refund. This has so far been unsuccessful. <\/p>\n\n\n\n

Although a very costly mistake, Dino has made his peace with the situation, agreeing it was more of an \"easy come, easy go\" situation. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501897330353934337\n<\/div><\/figure>\n\n\n\n

\"They say it is better to have rocked and lost rock than to have never rocked at all.\"<\/em><\/p>HiddenGnome on Twitter<\/a><\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"EtherRock Worth $1M Sold For A Fraction Of A Cent","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"etherrock-worth-1m-sold-for-a-fraction-of-a-cent","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/wei\/","post_modified":"2023-04-11 12:52:09","post_modified_gmt":"2023-04-11 02:52:09","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3933","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3890,"post_author":"1","post_date":"2022-03-13 19:50:24","post_date_gmt":"2022-03-13 08:50:24","post_content":"\n

Yuga Labs, the company behind the Bored Ape Yacht Club NFT collection, has acquired CryptoPunks and Meebits from fellow developer Larva Labs.<\/p>\n\n\n\n

A joint<\/a> announcement<\/a> was made by Larva Labs and Yuga Labs on Twitter<\/a> on Friday evening.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/yugalabs\/status\/1502420714527334406?s=20&t=IyM-KDtJPh0WaI5XPfA10A\n<\/div><\/figure>\n\n\n\n

Yuga Labs \"now own the brands, copyright in the art, and other IP rights for both collections, along with 423 CryptoPunks and 1711 Meebits\" according to their announcement. This means that they own both the 1st<\/a> and 2nd<\/a> most valuable NFT collections on the market.<\/p>\n\n\n\n

Yuga Labs plans to grant the commercial rights to all CryptoPunk and Meebit NFTs to their owners, as has been done for BAYC owners. This still means that Yuga Labs owns the collection and will \"be building the overall brand right alongside them\", but each NFT owner can monetize their specific ape.<\/p>\n\n\n\n

\"It\u2019s been amazing to watch the BAYC ecosystem use their rights to collaborate and build awesome shit we never could have dreamed up. We can\u2019t wait to see the Cryptopunks and Meebits communities do the same.<\/em>\"<\/p>Yuga Labs on Twitter<\/a><\/cite><\/blockquote>\n","post_title":"BAYC's Yuga Labs Acquires Rights To CryptoPunks And Meebits","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"baycs-yuga-labs-acquires-rights-to-cryptopunks-and-meebits","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:28","post_modified_gmt":"2022-03-14 10:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n

Multiple companies and organizations in China recognize NFTs as merely \"digital collectibles\". This comes after the denouncement of NFTs from state media. <\/p>\n\n\n\n

State media believes that \"it is not enough if digital collections are only regarded as cultural and creative commodities traded online and supervised by market supervision departments and intellectual property departments...digital collections have commodity attributes, currency attributes, securities attributes, etc., and their supervision involves multiple departments, and it is urgent to establish a joint supervision mechanism.\"<\/p>\n\n\n\n

Associations have persisted that venues to trade NFTs must not be facilitated, the same members should also stay away from investing in these assets and providing financial support for others to do so.<\/p>\n","post_title":"Chinese Regulators Want To Curb The Wave Of NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"chinese-regulators-want-to-curb-the-wave-of-nfts","to_ping":"","pinged":"","post_modified":"2022-04-14 23:22:58","post_modified_gmt":"2022-04-14 13:22:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4330","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4226,"post_author":"1","post_date":"2022-04-06 06:51:19","post_date_gmt":"2022-04-05 20:51:19","post_content":"\n

LooksRare<\/a> is the 2nd largest<\/a> NFT marketplace by volume. Although 95% of its trading volume<\/a> is coming from users selling and buying their own NFTs.<\/p>\n\n\n\n

LooksRare was launched on January 10th this year, within that time frame it has amassed over $22.5 billion in sales over 109,000 transactions according to Dune Analytics.<\/p>\n\n\n\n

NFT analytics site CryptoSlam! reported<\/a> in January that over $8 billion worth of NFT sales can be classified under wash trading. Since then, around 95% of sales on the site, or around $20B can be linked to wash trading<\/a>.<\/p>\n\n\n\n

\"\"\"\"<\/div>
LooksRare Trading Volume With<\/a> \/ Without<\/a> Wash Trading - Source: Dune Analytics<\/a><\/figcaption><\/figure>\n\n\n\n

LooksRare was launched by two anonymous developers, Zodd and Guts, in January of 2022. Since its launch, LooksRare has grown to become the biggest alternative to\u00a0the leading NFT marketplace,\u00a0OpenSea<\/a>. Despite the decline in NFT sales this year, users are still finding ways to make a quick profit, ethical or not.<\/p>\n\n\n\n

LooksRare Intentional Setup Of Wash Trading<\/h2>\n\n\n\n

LooksRare came up with a genius trading rewards model<\/a> to help grow their site. LooksRare will offer token rewards in LooksRare Token ($LOOKS<\/a>) to users who buy and sell on their platform.<\/p>\n\n\n\n

\"\"
LooksRare Historical Trading Volume - Source: DappRadar<\/a><\/figcaption><\/figure>\n\n\n\n

With this users can cheat the system. NFTs can be wash traded where the prices of the NFT would be inflated to the point that the $LOOKS reward would be enough to cover the Ethereum gas fees<\/a> and LooksRare's 2% marketplace fee. With this fact, LooksRare also provides staking rewards for users who stake $LOOKS on the platform, paid out in Wrapped Ethereum ($WETH<\/a>), this is an even larger reason for users to keep using the site.<\/p>\n\n\n\n

LooksRare is aware of the fact this is happening. They retweeted <\/a>a tweet that called these tactics \"genius\" back near their launch in January, they also did not institute any methods at their launch to deter users from buying and selling their own NFTs at inflated prices.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/LooksRareNFT\/status\/1487018639949582336?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1487018639949582336%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fdecrypt.co%2F91510%2Flooksrare-has-reportedly-generated-8b-ethereum-nft-wash-trading\n<\/div><\/figure>\n\n\n\n

\u201cIt seems that organic trading is indeed increasing in LooksRare. The difference between selling expensive NFTs like BAYC on LooksRare rather than OpenSea can become a 1-2 Ether difference that the seller saves. So it appears that the NFT community is slowly adopting other options outside the incumbent.\u201d <\/em><\/p>Pedro Herrera, Senior Data Analyst at DappRadar. <\/cite><\/blockquote>\n\n\n\n

Although this success may not be long-lived. Wash trading in other markets is considered an illegal act. Chainalysis made a point of this in a report<\/a> and recommends LooksRare to discourage the activity of wash trading. As regulators<\/a> start taking closer looks into markets, these moves which seem fine now may eventually come back to hit the users even harder.<\/p>\n","post_title":"Wash Trading Makes Up 95% Of LooksRare Trading Volume","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"wash-trading-makes-up-95-of-looksrare-trading-volume","to_ping":"","pinged":"https:\/\/blog.chainalysis.com\/reports\/2022-crypto-crime-report-preview-nft-wash-trading-money-laundering\/\nhttps:\/\/www.thedistributed.co\/gas-fees\/","post_modified":"2022-04-07 21:27:34","post_modified_gmt":"2022-04-07 11:27:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4226","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4202,"post_author":"1","post_date":"2022-04-05 21:00:49","post_date_gmt":"2022-04-05 11:00:49","post_content":"\n

The United Kingdom government has announced plans to release a non-fungible token (NFT<\/a>) project dubbed the 'Royal Mint NFT'. This announcement correlates with their plan for a \"forward-looking approach\" towards crypto assets in the UK.<\/p>\n\n\n\n

Chancellor of the Exchequer (national treasury) Rishi Sunak has asked the U.K's Royal Mint to produce an NFT in the following months prior to summer.<\/p>\n\n\n\n

Economic Secretary to the Treasury John Glen stated<\/a> in a keynote speech the Royal Mint NFT collection will be \"an emblem of the forward-looking approach we are determined to take\"<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/hmtreasury\/status\/1510971092072079360?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1510971092072079360%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thedistributed.co%2Fwp-admin%2Fpost.php%3Fpost%3D4202action%3Dedit\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the adoption of <\/a>stablecoins<\/a> by the UK government<\/a>. The UK will proactively explore the potentially transformative benefits of\u00a0Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

\"We think that by making this country a hospitable place for crypto we can attract investment, generate swathes of new jobs, and create a wave of ground-breaking new products and services. We\u2019re on the cusp of something important. We have the opportunity to shape and lead it. And that is what we\u2019ll do.<\/em>\"<\/p>John Glen, Economic Secretary to the Treasury<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"UK Government Plans The 'Royal Mint NFT'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-plans-the-royal-mint-nft","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-04-24 23:19:34","post_modified_gmt":"2022-04-24 13:19:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4202","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/wongmjane\/status\/1486077324630302721\n<\/div><\/figure>\n\n\n\n

Solana is a Layer 1<\/a> blockchain, like Ethereum. Although, Solana uses Proof-of-History<\/a> as its consensus mechanism compared to Ethereum's Proof-of-Work. This allows Solana to have a throughput of 60,000 transactions per second, compared to Ethereum's current 15 transactions per second. This would make Solana a cheaper network to use, with much lower gas fees<\/a> compared with a blockchain like Ethereum.<\/p>\n\n\n\n

Solana is up 11.23% today at a price of $124.14, with a 24-hour trading volume of $3,860,298,289 USD.<\/p>\n\n\n\n

\"Solana
Solana Price Data on 31st March - Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"OpenSea To Support Solana NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"opensea-to-support-solana-nfts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/blockchain-essentials-application-layer-protocols\/","post_modified":"2023-04-11 12:49:54","post_modified_gmt":"2023-04-11 02:49:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4175","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4087,"post_author":"1","post_date":"2022-03-24 23:37:18","post_date_gmt":"2022-03-24 12:37:18","post_content":"\n

In a\u00a0blog post<\/a>\u00a0by Loopring's head of growth, Adam Browman states that \"the GameStop NFT Marketplace has taken its first steps to welcome users, and it is built atop Loopring!\"<\/p>\n\n\n\n

Browman believes that the project \"has the potential to cement itself at the forefront of this new paradigm and become the destination for global digital economies.\" The blog post states that users can get early access to the project now to set up usernames and profiles, as well as make their first deposits.<\/p>\n\n\n\n

GameStop and NFTs<\/h2>\n\n\n\n

Rumors circulating since November\u00a0suggested that Loopring might be working with GameStop on a metaverse-related project. The Wall Street Journal\u00a0reported<\/a> in January\u00a0that GameStop was planning to build a new team focused on NFTs.<\/p>\n\n\n\n

Soon after that announcement, GameStop mentioned Immuntable X as their primary partner for the project. Despite this fact, Loopring was mentioned<\/a> at the time in an SEC filing<\/a>.<\/p>\n\n\n\n

According to an article from Decrypt<\/a>, there has been a lot of confusion on the topic and who is powering the NFT marketplace. It turns out that both Loopring and Immutable X are powering the NFT plans of GameStop. Although Immutable X tweeted<\/a> in a thread how they are the \"preferred partner\".<\/p>\n\n\n\n

Immutable mentioned the Loopring integration \u201cwas not a surprise (and we welcome them!).\" The marketplace will act as an aggregator across NFT minting platforms. Although, it appears that Immutable X will receive the most focus on the marketplace being the \"preferred partner\".<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Immutable\/status\/1506596126677295108\n<\/div><\/figure>\n\n\n\n

Since the announcement, $LRC<\/a>, the native token of Layer 2 blockchain<\/a> Loopring has soared over 35% to a high of $1.21. Although it is now trading steadily at $1.09. Loopring is currently sitting at a market cap of US$1.46 billion, according to data from CoinMarketCap.<\/p>\n\n\n\n

$IMX<\/a>, the token on the Immutable X blockchain is down 8.9% in the past 24 hours, trading at $2.19, according to data from CoinMarketCap.<\/p>\n\n\n\n

The other company in the mix, GameStop also had a huge day seeing a 14.5% gain to $141 in GME<\/a> stocks. Over 24 million GME shares were traded today alone. <\/p>\n","post_title":"GameStop NFT Marketplace Has Entered Beta, Integrated With Loopring","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"gamestop-nft-marketplace-has-entered-beta-integrated-with-loopring","to_ping":"","pinged":"","post_modified":"2022-03-24 23:37:42","post_modified_gmt":"2022-03-24 12:37:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4087","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4089,"post_author":"1","post_date":"2022-03-24 22:46:11","post_date_gmt":"2022-03-24 11:46:11","post_content":"\n

Floyd \u2019Money\u2019 Mayweather has re-entered the world of cryptocurrency with the announcement of his 2nd NFT project, dubbed Mayweverse. <\/p>\n\n\n\n

The project will consist of 5 different NFTs, each NFT will have 1000 copies available to mint. Every card has its own rarity, utility, and prizes. <\/p>\n\n\n\n

Despite how good it may sounds, Twitter users were quick to criticize. Floyd was reminded<\/a> of his previous NFT project<\/a>, which made him nearly US$5 million and is now worthless. \u201cYou already have an NFT project, it\u2019s called @RealFloydNFT. You released it last year and then stopped working on it immediately after. Have you been punched in the head so much that you\u2019re forgetting these things now?\u201d<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Berke_eth\/status\/1506051809542037506\n<\/div><\/figure>\n\n\n\n

Users were quick to call his bluff<\/a>. Floyd states that he has been working on this for months, although the twitter handle @mayweverse<\/a> was created this month. <\/p>\n\n\n\n

Coffezilla, known for calling out rug pulls and scams within the industry tweeted<\/a> his thoughts on the NFT project. He states \"Floyd Mayweather is frantically deleting evidence of his last NFT scam. He's getting roasted by the investors.\" <\/p>\n\n\n\n

Will this NFT collection follow in the footsteps of his previous NFT collection and be abandoned, or will he stick by his word?<\/p>\n","post_title":"Floyd Mayweather Re-enters The World Of Crypto With \u2018Mayweverse\u2019 NFT Project","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"floyd-mayweather-re-enters-the-world-of-crypto-with-mayweverse-nft-project","to_ping":"","pinged":"","post_modified":"2022-03-24 23:37:53","post_modified_gmt":"2022-03-24 12:37:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4089","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4003,"post_author":"1","post_date":"2022-03-21 15:25:03","post_date_gmt":"2022-03-21 04:25:03","post_content":"\n

Adobe-backed creative showcase platform Behance<\/a> to showcase Solana NFTs within the platform. The addition of this feature will allow creators to earn from their designs.<\/p>\n\n\n\n

The feature is only available to creators who have a Phantom Wallet<\/a> connected to their Behance accounts, and are hosted by QuickNode<\/a>. Once this is done, creators can showcase various NFTs from the Solana blockchain on their profiles. <\/p>\n\n\n\n

Adobes Vice President, William Allen, stated that although there are features to implement Ethereum NFTs on the Behance platform already, creators may not want to use Ethereum due to the high gas fees<\/a>. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/williamallen\/status\/1500858469447917571?s=21\n<\/div><\/figure>\n\n\n\n

In turn, Allen addresses<\/a> that \u201cA single transaction on Solana uses less energy than two google searches and costs a fraction of a penny\u201d insisting that it may be a better alternative for some creators. <\/p>\n\n\n\n

\"\"<\/a>
Solanas 1 Day Price Tracker \/ Source - CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

Notes On The Collaborators <\/h2>\n\n\n\n

Phantom Wallet was quick to regard this as a \u201chuge\u201d collaboration for Solana and their emerging creator economy. The low cost and eco friendly nature of Solana will allow a larger range of artists the ability to experiment with NFTs. Allen stated<\/a> on Twitter that Solana will be added to the \u2019Content Credentials\u2019 tool in photoshop, allowing creators to publish NFTs from photoshop ensuring that the work stays their work. <\/p>\n\n\n\n

QuickNode which rented the space within the mainnet of Solana to Adobe is the leading Solana node provider, sustaining over 50% of the entire nodes on the network. No official statement has been released by the team yet. <\/p>\n","post_title":"Solana NFTs To Be Integrated Within Behance","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"solana-nfts-to-be-integrated-within-behance","to_ping":"","pinged":"","post_modified":"2023-04-11 12:51:53","post_modified_gmt":"2023-04-11 02:51:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4003","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3933,"post_author":"1","post_date":"2022-03-14 22:44:23","post_date_gmt":"2022-03-14 11:44:23","post_content":"\n

EtherRock #44, an NFT<\/a> valued at around US$1,000,000 was accidentally listed<\/a> for 444 Wei<\/a> (>US$0.0000001), rather than 444 Ether (US$1,151,000).<\/p>\n\n\n\n

Former owner Dino, posted about the unfortunate event on Twitter.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501802006364635139?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1501802006364635139%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.tronweekly.com%2F1m-worth-rock-nft-sells-for-under-a-penny%2F\n<\/div><\/figure>\n\n\n\n

The EtherRock was instantly purchased<\/a> and relisted by a bot, within the same block, with Dino requesting<\/a> an Etherscan refund. This has so far been unsuccessful. <\/p>\n\n\n\n

Although a very costly mistake, Dino has made his peace with the situation, agreeing it was more of an \"easy come, easy go\" situation. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501897330353934337\n<\/div><\/figure>\n\n\n\n

\"They say it is better to have rocked and lost rock than to have never rocked at all.\"<\/em><\/p>HiddenGnome on Twitter<\/a><\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"EtherRock Worth $1M Sold For A Fraction Of A Cent","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"etherrock-worth-1m-sold-for-a-fraction-of-a-cent","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/wei\/","post_modified":"2023-04-11 12:52:09","post_modified_gmt":"2023-04-11 02:52:09","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3933","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3890,"post_author":"1","post_date":"2022-03-13 19:50:24","post_date_gmt":"2022-03-13 08:50:24","post_content":"\n

Yuga Labs, the company behind the Bored Ape Yacht Club NFT collection, has acquired CryptoPunks and Meebits from fellow developer Larva Labs.<\/p>\n\n\n\n

A joint<\/a> announcement<\/a> was made by Larva Labs and Yuga Labs on Twitter<\/a> on Friday evening.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/yugalabs\/status\/1502420714527334406?s=20&t=IyM-KDtJPh0WaI5XPfA10A\n<\/div><\/figure>\n\n\n\n

Yuga Labs \"now own the brands, copyright in the art, and other IP rights for both collections, along with 423 CryptoPunks and 1711 Meebits\" according to their announcement. This means that they own both the 1st<\/a> and 2nd<\/a> most valuable NFT collections on the market.<\/p>\n\n\n\n

Yuga Labs plans to grant the commercial rights to all CryptoPunk and Meebit NFTs to their owners, as has been done for BAYC owners. This still means that Yuga Labs owns the collection and will \"be building the overall brand right alongside them\", but each NFT owner can monetize their specific ape.<\/p>\n\n\n\n

\"It\u2019s been amazing to watch the BAYC ecosystem use their rights to collaborate and build awesome shit we never could have dreamed up. We can\u2019t wait to see the Cryptopunks and Meebits communities do the same.<\/em>\"<\/p>Yuga Labs on Twitter<\/a><\/cite><\/blockquote>\n","post_title":"BAYC's Yuga Labs Acquires Rights To CryptoPunks And Meebits","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"baycs-yuga-labs-acquires-rights-to-cryptopunks-and-meebits","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:28","post_modified_gmt":"2022-03-14 10:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n

NFT Recognition In China<\/h2>\n\n\n\n

Multiple companies and organizations in China recognize NFTs as merely \"digital collectibles\". This comes after the denouncement of NFTs from state media. <\/p>\n\n\n\n

State media believes that \"it is not enough if digital collections are only regarded as cultural and creative commodities traded online and supervised by market supervision departments and intellectual property departments...digital collections have commodity attributes, currency attributes, securities attributes, etc., and their supervision involves multiple departments, and it is urgent to establish a joint supervision mechanism.\"<\/p>\n\n\n\n

Associations have persisted that venues to trade NFTs must not be facilitated, the same members should also stay away from investing in these assets and providing financial support for others to do so.<\/p>\n","post_title":"Chinese Regulators Want To Curb The Wave Of NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"chinese-regulators-want-to-curb-the-wave-of-nfts","to_ping":"","pinged":"","post_modified":"2022-04-14 23:22:58","post_modified_gmt":"2022-04-14 13:22:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4330","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4226,"post_author":"1","post_date":"2022-04-06 06:51:19","post_date_gmt":"2022-04-05 20:51:19","post_content":"\n

LooksRare<\/a> is the 2nd largest<\/a> NFT marketplace by volume. Although 95% of its trading volume<\/a> is coming from users selling and buying their own NFTs.<\/p>\n\n\n\n

LooksRare was launched on January 10th this year, within that time frame it has amassed over $22.5 billion in sales over 109,000 transactions according to Dune Analytics.<\/p>\n\n\n\n

NFT analytics site CryptoSlam! reported<\/a> in January that over $8 billion worth of NFT sales can be classified under wash trading. Since then, around 95% of sales on the site, or around $20B can be linked to wash trading<\/a>.<\/p>\n\n\n\n

\"\"\"\"<\/div>
LooksRare Trading Volume With<\/a> \/ Without<\/a> Wash Trading - Source: Dune Analytics<\/a><\/figcaption><\/figure>\n\n\n\n

LooksRare was launched by two anonymous developers, Zodd and Guts, in January of 2022. Since its launch, LooksRare has grown to become the biggest alternative to\u00a0the leading NFT marketplace,\u00a0OpenSea<\/a>. Despite the decline in NFT sales this year, users are still finding ways to make a quick profit, ethical or not.<\/p>\n\n\n\n

LooksRare Intentional Setup Of Wash Trading<\/h2>\n\n\n\n

LooksRare came up with a genius trading rewards model<\/a> to help grow their site. LooksRare will offer token rewards in LooksRare Token ($LOOKS<\/a>) to users who buy and sell on their platform.<\/p>\n\n\n\n

\"\"
LooksRare Historical Trading Volume - Source: DappRadar<\/a><\/figcaption><\/figure>\n\n\n\n

With this users can cheat the system. NFTs can be wash traded where the prices of the NFT would be inflated to the point that the $LOOKS reward would be enough to cover the Ethereum gas fees<\/a> and LooksRare's 2% marketplace fee. With this fact, LooksRare also provides staking rewards for users who stake $LOOKS on the platform, paid out in Wrapped Ethereum ($WETH<\/a>), this is an even larger reason for users to keep using the site.<\/p>\n\n\n\n

LooksRare is aware of the fact this is happening. They retweeted <\/a>a tweet that called these tactics \"genius\" back near their launch in January, they also did not institute any methods at their launch to deter users from buying and selling their own NFTs at inflated prices.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/LooksRareNFT\/status\/1487018639949582336?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1487018639949582336%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fdecrypt.co%2F91510%2Flooksrare-has-reportedly-generated-8b-ethereum-nft-wash-trading\n<\/div><\/figure>\n\n\n\n

\u201cIt seems that organic trading is indeed increasing in LooksRare. The difference between selling expensive NFTs like BAYC on LooksRare rather than OpenSea can become a 1-2 Ether difference that the seller saves. So it appears that the NFT community is slowly adopting other options outside the incumbent.\u201d <\/em><\/p>Pedro Herrera, Senior Data Analyst at DappRadar. <\/cite><\/blockquote>\n\n\n\n

Although this success may not be long-lived. Wash trading in other markets is considered an illegal act. Chainalysis made a point of this in a report<\/a> and recommends LooksRare to discourage the activity of wash trading. As regulators<\/a> start taking closer looks into markets, these moves which seem fine now may eventually come back to hit the users even harder.<\/p>\n","post_title":"Wash Trading Makes Up 95% Of LooksRare Trading Volume","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"wash-trading-makes-up-95-of-looksrare-trading-volume","to_ping":"","pinged":"https:\/\/blog.chainalysis.com\/reports\/2022-crypto-crime-report-preview-nft-wash-trading-money-laundering\/\nhttps:\/\/www.thedistributed.co\/gas-fees\/","post_modified":"2022-04-07 21:27:34","post_modified_gmt":"2022-04-07 11:27:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4226","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4202,"post_author":"1","post_date":"2022-04-05 21:00:49","post_date_gmt":"2022-04-05 11:00:49","post_content":"\n

The United Kingdom government has announced plans to release a non-fungible token (NFT<\/a>) project dubbed the 'Royal Mint NFT'. This announcement correlates with their plan for a \"forward-looking approach\" towards crypto assets in the UK.<\/p>\n\n\n\n

Chancellor of the Exchequer (national treasury) Rishi Sunak has asked the U.K's Royal Mint to produce an NFT in the following months prior to summer.<\/p>\n\n\n\n

Economic Secretary to the Treasury John Glen stated<\/a> in a keynote speech the Royal Mint NFT collection will be \"an emblem of the forward-looking approach we are determined to take\"<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/hmtreasury\/status\/1510971092072079360?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1510971092072079360%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thedistributed.co%2Fwp-admin%2Fpost.php%3Fpost%3D4202action%3Dedit\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the adoption of <\/a>stablecoins<\/a> by the UK government<\/a>. The UK will proactively explore the potentially transformative benefits of\u00a0Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

\"We think that by making this country a hospitable place for crypto we can attract investment, generate swathes of new jobs, and create a wave of ground-breaking new products and services. We\u2019re on the cusp of something important. We have the opportunity to shape and lead it. And that is what we\u2019ll do.<\/em>\"<\/p>John Glen, Economic Secretary to the Treasury<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"UK Government Plans The 'Royal Mint NFT'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-plans-the-royal-mint-nft","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-04-24 23:19:34","post_modified_gmt":"2022-04-24 13:19:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4202","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/wongmjane\/status\/1486077324630302721\n<\/div><\/figure>\n\n\n\n

Solana is a Layer 1<\/a> blockchain, like Ethereum. Although, Solana uses Proof-of-History<\/a> as its consensus mechanism compared to Ethereum's Proof-of-Work. This allows Solana to have a throughput of 60,000 transactions per second, compared to Ethereum's current 15 transactions per second. This would make Solana a cheaper network to use, with much lower gas fees<\/a> compared with a blockchain like Ethereum.<\/p>\n\n\n\n

Solana is up 11.23% today at a price of $124.14, with a 24-hour trading volume of $3,860,298,289 USD.<\/p>\n\n\n\n

\"Solana
Solana Price Data on 31st March - Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"OpenSea To Support Solana NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"opensea-to-support-solana-nfts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/blockchain-essentials-application-layer-protocols\/","post_modified":"2023-04-11 12:49:54","post_modified_gmt":"2023-04-11 02:49:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4175","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4087,"post_author":"1","post_date":"2022-03-24 23:37:18","post_date_gmt":"2022-03-24 12:37:18","post_content":"\n

In a\u00a0blog post<\/a>\u00a0by Loopring's head of growth, Adam Browman states that \"the GameStop NFT Marketplace has taken its first steps to welcome users, and it is built atop Loopring!\"<\/p>\n\n\n\n

Browman believes that the project \"has the potential to cement itself at the forefront of this new paradigm and become the destination for global digital economies.\" The blog post states that users can get early access to the project now to set up usernames and profiles, as well as make their first deposits.<\/p>\n\n\n\n

GameStop and NFTs<\/h2>\n\n\n\n

Rumors circulating since November\u00a0suggested that Loopring might be working with GameStop on a metaverse-related project. The Wall Street Journal\u00a0reported<\/a> in January\u00a0that GameStop was planning to build a new team focused on NFTs.<\/p>\n\n\n\n

Soon after that announcement, GameStop mentioned Immuntable X as their primary partner for the project. Despite this fact, Loopring was mentioned<\/a> at the time in an SEC filing<\/a>.<\/p>\n\n\n\n

According to an article from Decrypt<\/a>, there has been a lot of confusion on the topic and who is powering the NFT marketplace. It turns out that both Loopring and Immutable X are powering the NFT plans of GameStop. Although Immutable X tweeted<\/a> in a thread how they are the \"preferred partner\".<\/p>\n\n\n\n

Immutable mentioned the Loopring integration \u201cwas not a surprise (and we welcome them!).\" The marketplace will act as an aggregator across NFT minting platforms. Although, it appears that Immutable X will receive the most focus on the marketplace being the \"preferred partner\".<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Immutable\/status\/1506596126677295108\n<\/div><\/figure>\n\n\n\n

Since the announcement, $LRC<\/a>, the native token of Layer 2 blockchain<\/a> Loopring has soared over 35% to a high of $1.21. Although it is now trading steadily at $1.09. Loopring is currently sitting at a market cap of US$1.46 billion, according to data from CoinMarketCap.<\/p>\n\n\n\n

$IMX<\/a>, the token on the Immutable X blockchain is down 8.9% in the past 24 hours, trading at $2.19, according to data from CoinMarketCap.<\/p>\n\n\n\n

The other company in the mix, GameStop also had a huge day seeing a 14.5% gain to $141 in GME<\/a> stocks. Over 24 million GME shares were traded today alone. <\/p>\n","post_title":"GameStop NFT Marketplace Has Entered Beta, Integrated With Loopring","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"gamestop-nft-marketplace-has-entered-beta-integrated-with-loopring","to_ping":"","pinged":"","post_modified":"2022-03-24 23:37:42","post_modified_gmt":"2022-03-24 12:37:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4087","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4089,"post_author":"1","post_date":"2022-03-24 22:46:11","post_date_gmt":"2022-03-24 11:46:11","post_content":"\n

Floyd \u2019Money\u2019 Mayweather has re-entered the world of cryptocurrency with the announcement of his 2nd NFT project, dubbed Mayweverse. <\/p>\n\n\n\n

The project will consist of 5 different NFTs, each NFT will have 1000 copies available to mint. Every card has its own rarity, utility, and prizes. <\/p>\n\n\n\n

Despite how good it may sounds, Twitter users were quick to criticize. Floyd was reminded<\/a> of his previous NFT project<\/a>, which made him nearly US$5 million and is now worthless. \u201cYou already have an NFT project, it\u2019s called @RealFloydNFT. You released it last year and then stopped working on it immediately after. Have you been punched in the head so much that you\u2019re forgetting these things now?\u201d<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Berke_eth\/status\/1506051809542037506\n<\/div><\/figure>\n\n\n\n

Users were quick to call his bluff<\/a>. Floyd states that he has been working on this for months, although the twitter handle @mayweverse<\/a> was created this month. <\/p>\n\n\n\n

Coffezilla, known for calling out rug pulls and scams within the industry tweeted<\/a> his thoughts on the NFT project. He states \"Floyd Mayweather is frantically deleting evidence of his last NFT scam. He's getting roasted by the investors.\" <\/p>\n\n\n\n

Will this NFT collection follow in the footsteps of his previous NFT collection and be abandoned, or will he stick by his word?<\/p>\n","post_title":"Floyd Mayweather Re-enters The World Of Crypto With \u2018Mayweverse\u2019 NFT Project","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"floyd-mayweather-re-enters-the-world-of-crypto-with-mayweverse-nft-project","to_ping":"","pinged":"","post_modified":"2022-03-24 23:37:53","post_modified_gmt":"2022-03-24 12:37:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4089","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4003,"post_author":"1","post_date":"2022-03-21 15:25:03","post_date_gmt":"2022-03-21 04:25:03","post_content":"\n

Adobe-backed creative showcase platform Behance<\/a> to showcase Solana NFTs within the platform. The addition of this feature will allow creators to earn from their designs.<\/p>\n\n\n\n

The feature is only available to creators who have a Phantom Wallet<\/a> connected to their Behance accounts, and are hosted by QuickNode<\/a>. Once this is done, creators can showcase various NFTs from the Solana blockchain on their profiles. <\/p>\n\n\n\n

Adobes Vice President, William Allen, stated that although there are features to implement Ethereum NFTs on the Behance platform already, creators may not want to use Ethereum due to the high gas fees<\/a>. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/williamallen\/status\/1500858469447917571?s=21\n<\/div><\/figure>\n\n\n\n

In turn, Allen addresses<\/a> that \u201cA single transaction on Solana uses less energy than two google searches and costs a fraction of a penny\u201d insisting that it may be a better alternative for some creators. <\/p>\n\n\n\n

\"\"<\/a>
Solanas 1 Day Price Tracker \/ Source - CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

Notes On The Collaborators <\/h2>\n\n\n\n

Phantom Wallet was quick to regard this as a \u201chuge\u201d collaboration for Solana and their emerging creator economy. The low cost and eco friendly nature of Solana will allow a larger range of artists the ability to experiment with NFTs. Allen stated<\/a> on Twitter that Solana will be added to the \u2019Content Credentials\u2019 tool in photoshop, allowing creators to publish NFTs from photoshop ensuring that the work stays their work. <\/p>\n\n\n\n

QuickNode which rented the space within the mainnet of Solana to Adobe is the leading Solana node provider, sustaining over 50% of the entire nodes on the network. No official statement has been released by the team yet. <\/p>\n","post_title":"Solana NFTs To Be Integrated Within Behance","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"solana-nfts-to-be-integrated-within-behance","to_ping":"","pinged":"","post_modified":"2023-04-11 12:51:53","post_modified_gmt":"2023-04-11 02:51:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4003","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3933,"post_author":"1","post_date":"2022-03-14 22:44:23","post_date_gmt":"2022-03-14 11:44:23","post_content":"\n

EtherRock #44, an NFT<\/a> valued at around US$1,000,000 was accidentally listed<\/a> for 444 Wei<\/a> (>US$0.0000001), rather than 444 Ether (US$1,151,000).<\/p>\n\n\n\n

Former owner Dino, posted about the unfortunate event on Twitter.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501802006364635139?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1501802006364635139%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.tronweekly.com%2F1m-worth-rock-nft-sells-for-under-a-penny%2F\n<\/div><\/figure>\n\n\n\n

The EtherRock was instantly purchased<\/a> and relisted by a bot, within the same block, with Dino requesting<\/a> an Etherscan refund. This has so far been unsuccessful. <\/p>\n\n\n\n

Although a very costly mistake, Dino has made his peace with the situation, agreeing it was more of an \"easy come, easy go\" situation. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501897330353934337\n<\/div><\/figure>\n\n\n\n

\"They say it is better to have rocked and lost rock than to have never rocked at all.\"<\/em><\/p>HiddenGnome on Twitter<\/a><\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"EtherRock Worth $1M Sold For A Fraction Of A Cent","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"etherrock-worth-1m-sold-for-a-fraction-of-a-cent","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/wei\/","post_modified":"2023-04-11 12:52:09","post_modified_gmt":"2023-04-11 02:52:09","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3933","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3890,"post_author":"1","post_date":"2022-03-13 19:50:24","post_date_gmt":"2022-03-13 08:50:24","post_content":"\n

Yuga Labs, the company behind the Bored Ape Yacht Club NFT collection, has acquired CryptoPunks and Meebits from fellow developer Larva Labs.<\/p>\n\n\n\n

A joint<\/a> announcement<\/a> was made by Larva Labs and Yuga Labs on Twitter<\/a> on Friday evening.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/yugalabs\/status\/1502420714527334406?s=20&t=IyM-KDtJPh0WaI5XPfA10A\n<\/div><\/figure>\n\n\n\n

Yuga Labs \"now own the brands, copyright in the art, and other IP rights for both collections, along with 423 CryptoPunks and 1711 Meebits\" according to their announcement. This means that they own both the 1st<\/a> and 2nd<\/a> most valuable NFT collections on the market.<\/p>\n\n\n\n

Yuga Labs plans to grant the commercial rights to all CryptoPunk and Meebit NFTs to their owners, as has been done for BAYC owners. This still means that Yuga Labs owns the collection and will \"be building the overall brand right alongside them\", but each NFT owner can monetize their specific ape.<\/p>\n\n\n\n

\"It\u2019s been amazing to watch the BAYC ecosystem use their rights to collaborate and build awesome shit we never could have dreamed up. We can\u2019t wait to see the Cryptopunks and Meebits communities do the same.<\/em>\"<\/p>Yuga Labs on Twitter<\/a><\/cite><\/blockquote>\n","post_title":"BAYC's Yuga Labs Acquires Rights To CryptoPunks And Meebits","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"baycs-yuga-labs-acquires-rights-to-cryptopunks-and-meebits","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:28","post_modified_gmt":"2022-03-14 10:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n

China has not yet clarified the regulations on trading NFTs within the country. \"Before the regulatory mechanism is clarified, consumers are advised to treat it calmly and participate rationally,\" states The Economic Daily.<\/p>\n\n\n\n

NFT Recognition In China<\/h2>\n\n\n\n

Multiple companies and organizations in China recognize NFTs as merely \"digital collectibles\". This comes after the denouncement of NFTs from state media. <\/p>\n\n\n\n

State media believes that \"it is not enough if digital collections are only regarded as cultural and creative commodities traded online and supervised by market supervision departments and intellectual property departments...digital collections have commodity attributes, currency attributes, securities attributes, etc., and their supervision involves multiple departments, and it is urgent to establish a joint supervision mechanism.\"<\/p>\n\n\n\n

Associations have persisted that venues to trade NFTs must not be facilitated, the same members should also stay away from investing in these assets and providing financial support for others to do so.<\/p>\n","post_title":"Chinese Regulators Want To Curb The Wave Of NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"chinese-regulators-want-to-curb-the-wave-of-nfts","to_ping":"","pinged":"","post_modified":"2022-04-14 23:22:58","post_modified_gmt":"2022-04-14 13:22:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4330","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4226,"post_author":"1","post_date":"2022-04-06 06:51:19","post_date_gmt":"2022-04-05 20:51:19","post_content":"\n

LooksRare<\/a> is the 2nd largest<\/a> NFT marketplace by volume. Although 95% of its trading volume<\/a> is coming from users selling and buying their own NFTs.<\/p>\n\n\n\n

LooksRare was launched on January 10th this year, within that time frame it has amassed over $22.5 billion in sales over 109,000 transactions according to Dune Analytics.<\/p>\n\n\n\n

NFT analytics site CryptoSlam! reported<\/a> in January that over $8 billion worth of NFT sales can be classified under wash trading. Since then, around 95% of sales on the site, or around $20B can be linked to wash trading<\/a>.<\/p>\n\n\n\n

\"\"\"\"<\/div>
LooksRare Trading Volume With<\/a> \/ Without<\/a> Wash Trading - Source: Dune Analytics<\/a><\/figcaption><\/figure>\n\n\n\n

LooksRare was launched by two anonymous developers, Zodd and Guts, in January of 2022. Since its launch, LooksRare has grown to become the biggest alternative to\u00a0the leading NFT marketplace,\u00a0OpenSea<\/a>. Despite the decline in NFT sales this year, users are still finding ways to make a quick profit, ethical or not.<\/p>\n\n\n\n

LooksRare Intentional Setup Of Wash Trading<\/h2>\n\n\n\n

LooksRare came up with a genius trading rewards model<\/a> to help grow their site. LooksRare will offer token rewards in LooksRare Token ($LOOKS<\/a>) to users who buy and sell on their platform.<\/p>\n\n\n\n

\"\"
LooksRare Historical Trading Volume - Source: DappRadar<\/a><\/figcaption><\/figure>\n\n\n\n

With this users can cheat the system. NFTs can be wash traded where the prices of the NFT would be inflated to the point that the $LOOKS reward would be enough to cover the Ethereum gas fees<\/a> and LooksRare's 2% marketplace fee. With this fact, LooksRare also provides staking rewards for users who stake $LOOKS on the platform, paid out in Wrapped Ethereum ($WETH<\/a>), this is an even larger reason for users to keep using the site.<\/p>\n\n\n\n

LooksRare is aware of the fact this is happening. They retweeted <\/a>a tweet that called these tactics \"genius\" back near their launch in January, they also did not institute any methods at their launch to deter users from buying and selling their own NFTs at inflated prices.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/LooksRareNFT\/status\/1487018639949582336?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1487018639949582336%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fdecrypt.co%2F91510%2Flooksrare-has-reportedly-generated-8b-ethereum-nft-wash-trading\n<\/div><\/figure>\n\n\n\n

\u201cIt seems that organic trading is indeed increasing in LooksRare. The difference between selling expensive NFTs like BAYC on LooksRare rather than OpenSea can become a 1-2 Ether difference that the seller saves. So it appears that the NFT community is slowly adopting other options outside the incumbent.\u201d <\/em><\/p>Pedro Herrera, Senior Data Analyst at DappRadar. <\/cite><\/blockquote>\n\n\n\n

Although this success may not be long-lived. Wash trading in other markets is considered an illegal act. Chainalysis made a point of this in a report<\/a> and recommends LooksRare to discourage the activity of wash trading. As regulators<\/a> start taking closer looks into markets, these moves which seem fine now may eventually come back to hit the users even harder.<\/p>\n","post_title":"Wash Trading Makes Up 95% Of LooksRare Trading Volume","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"wash-trading-makes-up-95-of-looksrare-trading-volume","to_ping":"","pinged":"https:\/\/blog.chainalysis.com\/reports\/2022-crypto-crime-report-preview-nft-wash-trading-money-laundering\/\nhttps:\/\/www.thedistributed.co\/gas-fees\/","post_modified":"2022-04-07 21:27:34","post_modified_gmt":"2022-04-07 11:27:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4226","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4202,"post_author":"1","post_date":"2022-04-05 21:00:49","post_date_gmt":"2022-04-05 11:00:49","post_content":"\n

The United Kingdom government has announced plans to release a non-fungible token (NFT<\/a>) project dubbed the 'Royal Mint NFT'. This announcement correlates with their plan for a \"forward-looking approach\" towards crypto assets in the UK.<\/p>\n\n\n\n

Chancellor of the Exchequer (national treasury) Rishi Sunak has asked the U.K's Royal Mint to produce an NFT in the following months prior to summer.<\/p>\n\n\n\n

Economic Secretary to the Treasury John Glen stated<\/a> in a keynote speech the Royal Mint NFT collection will be \"an emblem of the forward-looking approach we are determined to take\"<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/hmtreasury\/status\/1510971092072079360?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1510971092072079360%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thedistributed.co%2Fwp-admin%2Fpost.php%3Fpost%3D4202action%3Dedit\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the adoption of <\/a>stablecoins<\/a> by the UK government<\/a>. The UK will proactively explore the potentially transformative benefits of\u00a0Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

\"We think that by making this country a hospitable place for crypto we can attract investment, generate swathes of new jobs, and create a wave of ground-breaking new products and services. We\u2019re on the cusp of something important. We have the opportunity to shape and lead it. And that is what we\u2019ll do.<\/em>\"<\/p>John Glen, Economic Secretary to the Treasury<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"UK Government Plans The 'Royal Mint NFT'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-plans-the-royal-mint-nft","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-04-24 23:19:34","post_modified_gmt":"2022-04-24 13:19:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4202","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/wongmjane\/status\/1486077324630302721\n<\/div><\/figure>\n\n\n\n

Solana is a Layer 1<\/a> blockchain, like Ethereum. Although, Solana uses Proof-of-History<\/a> as its consensus mechanism compared to Ethereum's Proof-of-Work. This allows Solana to have a throughput of 60,000 transactions per second, compared to Ethereum's current 15 transactions per second. This would make Solana a cheaper network to use, with much lower gas fees<\/a> compared with a blockchain like Ethereum.<\/p>\n\n\n\n

Solana is up 11.23% today at a price of $124.14, with a 24-hour trading volume of $3,860,298,289 USD.<\/p>\n\n\n\n

\"Solana
Solana Price Data on 31st March - Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"OpenSea To Support Solana NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"opensea-to-support-solana-nfts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/blockchain-essentials-application-layer-protocols\/","post_modified":"2023-04-11 12:49:54","post_modified_gmt":"2023-04-11 02:49:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4175","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4087,"post_author":"1","post_date":"2022-03-24 23:37:18","post_date_gmt":"2022-03-24 12:37:18","post_content":"\n

In a\u00a0blog post<\/a>\u00a0by Loopring's head of growth, Adam Browman states that \"the GameStop NFT Marketplace has taken its first steps to welcome users, and it is built atop Loopring!\"<\/p>\n\n\n\n

Browman believes that the project \"has the potential to cement itself at the forefront of this new paradigm and become the destination for global digital economies.\" The blog post states that users can get early access to the project now to set up usernames and profiles, as well as make their first deposits.<\/p>\n\n\n\n

GameStop and NFTs<\/h2>\n\n\n\n

Rumors circulating since November\u00a0suggested that Loopring might be working with GameStop on a metaverse-related project. The Wall Street Journal\u00a0reported<\/a> in January\u00a0that GameStop was planning to build a new team focused on NFTs.<\/p>\n\n\n\n

Soon after that announcement, GameStop mentioned Immuntable X as their primary partner for the project. Despite this fact, Loopring was mentioned<\/a> at the time in an SEC filing<\/a>.<\/p>\n\n\n\n

According to an article from Decrypt<\/a>, there has been a lot of confusion on the topic and who is powering the NFT marketplace. It turns out that both Loopring and Immutable X are powering the NFT plans of GameStop. Although Immutable X tweeted<\/a> in a thread how they are the \"preferred partner\".<\/p>\n\n\n\n

Immutable mentioned the Loopring integration \u201cwas not a surprise (and we welcome them!).\" The marketplace will act as an aggregator across NFT minting platforms. Although, it appears that Immutable X will receive the most focus on the marketplace being the \"preferred partner\".<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Immutable\/status\/1506596126677295108\n<\/div><\/figure>\n\n\n\n

Since the announcement, $LRC<\/a>, the native token of Layer 2 blockchain<\/a> Loopring has soared over 35% to a high of $1.21. Although it is now trading steadily at $1.09. Loopring is currently sitting at a market cap of US$1.46 billion, according to data from CoinMarketCap.<\/p>\n\n\n\n

$IMX<\/a>, the token on the Immutable X blockchain is down 8.9% in the past 24 hours, trading at $2.19, according to data from CoinMarketCap.<\/p>\n\n\n\n

The other company in the mix, GameStop also had a huge day seeing a 14.5% gain to $141 in GME<\/a> stocks. Over 24 million GME shares were traded today alone. <\/p>\n","post_title":"GameStop NFT Marketplace Has Entered Beta, Integrated With Loopring","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"gamestop-nft-marketplace-has-entered-beta-integrated-with-loopring","to_ping":"","pinged":"","post_modified":"2022-03-24 23:37:42","post_modified_gmt":"2022-03-24 12:37:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4087","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4089,"post_author":"1","post_date":"2022-03-24 22:46:11","post_date_gmt":"2022-03-24 11:46:11","post_content":"\n

Floyd \u2019Money\u2019 Mayweather has re-entered the world of cryptocurrency with the announcement of his 2nd NFT project, dubbed Mayweverse. <\/p>\n\n\n\n

The project will consist of 5 different NFTs, each NFT will have 1000 copies available to mint. Every card has its own rarity, utility, and prizes. <\/p>\n\n\n\n

Despite how good it may sounds, Twitter users were quick to criticize. Floyd was reminded<\/a> of his previous NFT project<\/a>, which made him nearly US$5 million and is now worthless. \u201cYou already have an NFT project, it\u2019s called @RealFloydNFT. You released it last year and then stopped working on it immediately after. Have you been punched in the head so much that you\u2019re forgetting these things now?\u201d<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Berke_eth\/status\/1506051809542037506\n<\/div><\/figure>\n\n\n\n

Users were quick to call his bluff<\/a>. Floyd states that he has been working on this for months, although the twitter handle @mayweverse<\/a> was created this month. <\/p>\n\n\n\n

Coffezilla, known for calling out rug pulls and scams within the industry tweeted<\/a> his thoughts on the NFT project. He states \"Floyd Mayweather is frantically deleting evidence of his last NFT scam. He's getting roasted by the investors.\" <\/p>\n\n\n\n

Will this NFT collection follow in the footsteps of his previous NFT collection and be abandoned, or will he stick by his word?<\/p>\n","post_title":"Floyd Mayweather Re-enters The World Of Crypto With \u2018Mayweverse\u2019 NFT Project","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"floyd-mayweather-re-enters-the-world-of-crypto-with-mayweverse-nft-project","to_ping":"","pinged":"","post_modified":"2022-03-24 23:37:53","post_modified_gmt":"2022-03-24 12:37:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4089","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4003,"post_author":"1","post_date":"2022-03-21 15:25:03","post_date_gmt":"2022-03-21 04:25:03","post_content":"\n

Adobe-backed creative showcase platform Behance<\/a> to showcase Solana NFTs within the platform. The addition of this feature will allow creators to earn from their designs.<\/p>\n\n\n\n

The feature is only available to creators who have a Phantom Wallet<\/a> connected to their Behance accounts, and are hosted by QuickNode<\/a>. Once this is done, creators can showcase various NFTs from the Solana blockchain on their profiles. <\/p>\n\n\n\n

Adobes Vice President, William Allen, stated that although there are features to implement Ethereum NFTs on the Behance platform already, creators may not want to use Ethereum due to the high gas fees<\/a>. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/williamallen\/status\/1500858469447917571?s=21\n<\/div><\/figure>\n\n\n\n

In turn, Allen addresses<\/a> that \u201cA single transaction on Solana uses less energy than two google searches and costs a fraction of a penny\u201d insisting that it may be a better alternative for some creators. <\/p>\n\n\n\n

\"\"<\/a>
Solanas 1 Day Price Tracker \/ Source - CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

Notes On The Collaborators <\/h2>\n\n\n\n

Phantom Wallet was quick to regard this as a \u201chuge\u201d collaboration for Solana and their emerging creator economy. The low cost and eco friendly nature of Solana will allow a larger range of artists the ability to experiment with NFTs. Allen stated<\/a> on Twitter that Solana will be added to the \u2019Content Credentials\u2019 tool in photoshop, allowing creators to publish NFTs from photoshop ensuring that the work stays their work. <\/p>\n\n\n\n

QuickNode which rented the space within the mainnet of Solana to Adobe is the leading Solana node provider, sustaining over 50% of the entire nodes on the network. No official statement has been released by the team yet. <\/p>\n","post_title":"Solana NFTs To Be Integrated Within Behance","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"solana-nfts-to-be-integrated-within-behance","to_ping":"","pinged":"","post_modified":"2023-04-11 12:51:53","post_modified_gmt":"2023-04-11 02:51:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4003","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3933,"post_author":"1","post_date":"2022-03-14 22:44:23","post_date_gmt":"2022-03-14 11:44:23","post_content":"\n

EtherRock #44, an NFT<\/a> valued at around US$1,000,000 was accidentally listed<\/a> for 444 Wei<\/a> (>US$0.0000001), rather than 444 Ether (US$1,151,000).<\/p>\n\n\n\n

Former owner Dino, posted about the unfortunate event on Twitter.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501802006364635139?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1501802006364635139%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.tronweekly.com%2F1m-worth-rock-nft-sells-for-under-a-penny%2F\n<\/div><\/figure>\n\n\n\n

The EtherRock was instantly purchased<\/a> and relisted by a bot, within the same block, with Dino requesting<\/a> an Etherscan refund. This has so far been unsuccessful. <\/p>\n\n\n\n

Although a very costly mistake, Dino has made his peace with the situation, agreeing it was more of an \"easy come, easy go\" situation. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501897330353934337\n<\/div><\/figure>\n\n\n\n

\"They say it is better to have rocked and lost rock than to have never rocked at all.\"<\/em><\/p>HiddenGnome on Twitter<\/a><\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"EtherRock Worth $1M Sold For A Fraction Of A Cent","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"etherrock-worth-1m-sold-for-a-fraction-of-a-cent","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/wei\/","post_modified":"2023-04-11 12:52:09","post_modified_gmt":"2023-04-11 02:52:09","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3933","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3890,"post_author":"1","post_date":"2022-03-13 19:50:24","post_date_gmt":"2022-03-13 08:50:24","post_content":"\n

Yuga Labs, the company behind the Bored Ape Yacht Club NFT collection, has acquired CryptoPunks and Meebits from fellow developer Larva Labs.<\/p>\n\n\n\n

A joint<\/a> announcement<\/a> was made by Larva Labs and Yuga Labs on Twitter<\/a> on Friday evening.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/yugalabs\/status\/1502420714527334406?s=20&t=IyM-KDtJPh0WaI5XPfA10A\n<\/div><\/figure>\n\n\n\n

Yuga Labs \"now own the brands, copyright in the art, and other IP rights for both collections, along with 423 CryptoPunks and 1711 Meebits\" according to their announcement. This means that they own both the 1st<\/a> and 2nd<\/a> most valuable NFT collections on the market.<\/p>\n\n\n\n

Yuga Labs plans to grant the commercial rights to all CryptoPunk and Meebit NFTs to their owners, as has been done for BAYC owners. This still means that Yuga Labs owns the collection and will \"be building the overall brand right alongside them\", but each NFT owner can monetize their specific ape.<\/p>\n\n\n\n

\"It\u2019s been amazing to watch the BAYC ecosystem use their rights to collaborate and build awesome shit we never could have dreamed up. We can\u2019t wait to see the Cryptopunks and Meebits communities do the same.<\/em>\"<\/p>Yuga Labs on Twitter<\/a><\/cite><\/blockquote>\n","post_title":"BAYC's Yuga Labs Acquires Rights To CryptoPunks And Meebits","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"baycs-yuga-labs-acquires-rights-to-cryptopunks-and-meebits","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:28","post_modified_gmt":"2022-03-14 10:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n

A large publisher within China called 'The Economic Daily<\/a>' believes that \"digital collectibles\" are in urgent need of regulation<\/a>, as there is a layer of risk for domestic consumers.<\/p>\n\n\n\n

China has not yet clarified the regulations on trading NFTs within the country. \"Before the regulatory mechanism is clarified, consumers are advised to treat it calmly and participate rationally,\" states The Economic Daily.<\/p>\n\n\n\n

NFT Recognition In China<\/h2>\n\n\n\n

Multiple companies and organizations in China recognize NFTs as merely \"digital collectibles\". This comes after the denouncement of NFTs from state media. <\/p>\n\n\n\n

State media believes that \"it is not enough if digital collections are only regarded as cultural and creative commodities traded online and supervised by market supervision departments and intellectual property departments...digital collections have commodity attributes, currency attributes, securities attributes, etc., and their supervision involves multiple departments, and it is urgent to establish a joint supervision mechanism.\"<\/p>\n\n\n\n

Associations have persisted that venues to trade NFTs must not be facilitated, the same members should also stay away from investing in these assets and providing financial support for others to do so.<\/p>\n","post_title":"Chinese Regulators Want To Curb The Wave Of NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"chinese-regulators-want-to-curb-the-wave-of-nfts","to_ping":"","pinged":"","post_modified":"2022-04-14 23:22:58","post_modified_gmt":"2022-04-14 13:22:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4330","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4226,"post_author":"1","post_date":"2022-04-06 06:51:19","post_date_gmt":"2022-04-05 20:51:19","post_content":"\n

LooksRare<\/a> is the 2nd largest<\/a> NFT marketplace by volume. Although 95% of its trading volume<\/a> is coming from users selling and buying their own NFTs.<\/p>\n\n\n\n

LooksRare was launched on January 10th this year, within that time frame it has amassed over $22.5 billion in sales over 109,000 transactions according to Dune Analytics.<\/p>\n\n\n\n

NFT analytics site CryptoSlam! reported<\/a> in January that over $8 billion worth of NFT sales can be classified under wash trading. Since then, around 95% of sales on the site, or around $20B can be linked to wash trading<\/a>.<\/p>\n\n\n\n

\"\"\"\"<\/div>
LooksRare Trading Volume With<\/a> \/ Without<\/a> Wash Trading - Source: Dune Analytics<\/a><\/figcaption><\/figure>\n\n\n\n

LooksRare was launched by two anonymous developers, Zodd and Guts, in January of 2022. Since its launch, LooksRare has grown to become the biggest alternative to\u00a0the leading NFT marketplace,\u00a0OpenSea<\/a>. Despite the decline in NFT sales this year, users are still finding ways to make a quick profit, ethical or not.<\/p>\n\n\n\n

LooksRare Intentional Setup Of Wash Trading<\/h2>\n\n\n\n

LooksRare came up with a genius trading rewards model<\/a> to help grow their site. LooksRare will offer token rewards in LooksRare Token ($LOOKS<\/a>) to users who buy and sell on their platform.<\/p>\n\n\n\n

\"\"
LooksRare Historical Trading Volume - Source: DappRadar<\/a><\/figcaption><\/figure>\n\n\n\n

With this users can cheat the system. NFTs can be wash traded where the prices of the NFT would be inflated to the point that the $LOOKS reward would be enough to cover the Ethereum gas fees<\/a> and LooksRare's 2% marketplace fee. With this fact, LooksRare also provides staking rewards for users who stake $LOOKS on the platform, paid out in Wrapped Ethereum ($WETH<\/a>), this is an even larger reason for users to keep using the site.<\/p>\n\n\n\n

LooksRare is aware of the fact this is happening. They retweeted <\/a>a tweet that called these tactics \"genius\" back near their launch in January, they also did not institute any methods at their launch to deter users from buying and selling their own NFTs at inflated prices.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/LooksRareNFT\/status\/1487018639949582336?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1487018639949582336%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fdecrypt.co%2F91510%2Flooksrare-has-reportedly-generated-8b-ethereum-nft-wash-trading\n<\/div><\/figure>\n\n\n\n

\u201cIt seems that organic trading is indeed increasing in LooksRare. The difference between selling expensive NFTs like BAYC on LooksRare rather than OpenSea can become a 1-2 Ether difference that the seller saves. So it appears that the NFT community is slowly adopting other options outside the incumbent.\u201d <\/em><\/p>Pedro Herrera, Senior Data Analyst at DappRadar. <\/cite><\/blockquote>\n\n\n\n

Although this success may not be long-lived. Wash trading in other markets is considered an illegal act. Chainalysis made a point of this in a report<\/a> and recommends LooksRare to discourage the activity of wash trading. As regulators<\/a> start taking closer looks into markets, these moves which seem fine now may eventually come back to hit the users even harder.<\/p>\n","post_title":"Wash Trading Makes Up 95% Of LooksRare Trading Volume","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"wash-trading-makes-up-95-of-looksrare-trading-volume","to_ping":"","pinged":"https:\/\/blog.chainalysis.com\/reports\/2022-crypto-crime-report-preview-nft-wash-trading-money-laundering\/\nhttps:\/\/www.thedistributed.co\/gas-fees\/","post_modified":"2022-04-07 21:27:34","post_modified_gmt":"2022-04-07 11:27:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4226","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4202,"post_author":"1","post_date":"2022-04-05 21:00:49","post_date_gmt":"2022-04-05 11:00:49","post_content":"\n

The United Kingdom government has announced plans to release a non-fungible token (NFT<\/a>) project dubbed the 'Royal Mint NFT'. This announcement correlates with their plan for a \"forward-looking approach\" towards crypto assets in the UK.<\/p>\n\n\n\n

Chancellor of the Exchequer (national treasury) Rishi Sunak has asked the U.K's Royal Mint to produce an NFT in the following months prior to summer.<\/p>\n\n\n\n

Economic Secretary to the Treasury John Glen stated<\/a> in a keynote speech the Royal Mint NFT collection will be \"an emblem of the forward-looking approach we are determined to take\"<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/hmtreasury\/status\/1510971092072079360?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1510971092072079360%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thedistributed.co%2Fwp-admin%2Fpost.php%3Fpost%3D4202action%3Dedit\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the adoption of <\/a>stablecoins<\/a> by the UK government<\/a>. The UK will proactively explore the potentially transformative benefits of\u00a0Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

\"We think that by making this country a hospitable place for crypto we can attract investment, generate swathes of new jobs, and create a wave of ground-breaking new products and services. We\u2019re on the cusp of something important. We have the opportunity to shape and lead it. And that is what we\u2019ll do.<\/em>\"<\/p>John Glen, Economic Secretary to the Treasury<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"UK Government Plans The 'Royal Mint NFT'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-plans-the-royal-mint-nft","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-04-24 23:19:34","post_modified_gmt":"2022-04-24 13:19:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4202","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/wongmjane\/status\/1486077324630302721\n<\/div><\/figure>\n\n\n\n

Solana is a Layer 1<\/a> blockchain, like Ethereum. Although, Solana uses Proof-of-History<\/a> as its consensus mechanism compared to Ethereum's Proof-of-Work. This allows Solana to have a throughput of 60,000 transactions per second, compared to Ethereum's current 15 transactions per second. This would make Solana a cheaper network to use, with much lower gas fees<\/a> compared with a blockchain like Ethereum.<\/p>\n\n\n\n

Solana is up 11.23% today at a price of $124.14, with a 24-hour trading volume of $3,860,298,289 USD.<\/p>\n\n\n\n

\"Solana
Solana Price Data on 31st March - Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"OpenSea To Support Solana NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"opensea-to-support-solana-nfts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/blockchain-essentials-application-layer-protocols\/","post_modified":"2023-04-11 12:49:54","post_modified_gmt":"2023-04-11 02:49:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4175","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4087,"post_author":"1","post_date":"2022-03-24 23:37:18","post_date_gmt":"2022-03-24 12:37:18","post_content":"\n

In a\u00a0blog post<\/a>\u00a0by Loopring's head of growth, Adam Browman states that \"the GameStop NFT Marketplace has taken its first steps to welcome users, and it is built atop Loopring!\"<\/p>\n\n\n\n

Browman believes that the project \"has the potential to cement itself at the forefront of this new paradigm and become the destination for global digital economies.\" The blog post states that users can get early access to the project now to set up usernames and profiles, as well as make their first deposits.<\/p>\n\n\n\n

GameStop and NFTs<\/h2>\n\n\n\n

Rumors circulating since November\u00a0suggested that Loopring might be working with GameStop on a metaverse-related project. The Wall Street Journal\u00a0reported<\/a> in January\u00a0that GameStop was planning to build a new team focused on NFTs.<\/p>\n\n\n\n

Soon after that announcement, GameStop mentioned Immuntable X as their primary partner for the project. Despite this fact, Loopring was mentioned<\/a> at the time in an SEC filing<\/a>.<\/p>\n\n\n\n

According to an article from Decrypt<\/a>, there has been a lot of confusion on the topic and who is powering the NFT marketplace. It turns out that both Loopring and Immutable X are powering the NFT plans of GameStop. Although Immutable X tweeted<\/a> in a thread how they are the \"preferred partner\".<\/p>\n\n\n\n

Immutable mentioned the Loopring integration \u201cwas not a surprise (and we welcome them!).\" The marketplace will act as an aggregator across NFT minting platforms. Although, it appears that Immutable X will receive the most focus on the marketplace being the \"preferred partner\".<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Immutable\/status\/1506596126677295108\n<\/div><\/figure>\n\n\n\n

Since the announcement, $LRC<\/a>, the native token of Layer 2 blockchain<\/a> Loopring has soared over 35% to a high of $1.21. Although it is now trading steadily at $1.09. Loopring is currently sitting at a market cap of US$1.46 billion, according to data from CoinMarketCap.<\/p>\n\n\n\n

$IMX<\/a>, the token on the Immutable X blockchain is down 8.9% in the past 24 hours, trading at $2.19, according to data from CoinMarketCap.<\/p>\n\n\n\n

The other company in the mix, GameStop also had a huge day seeing a 14.5% gain to $141 in GME<\/a> stocks. Over 24 million GME shares were traded today alone. <\/p>\n","post_title":"GameStop NFT Marketplace Has Entered Beta, Integrated With Loopring","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"gamestop-nft-marketplace-has-entered-beta-integrated-with-loopring","to_ping":"","pinged":"","post_modified":"2022-03-24 23:37:42","post_modified_gmt":"2022-03-24 12:37:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4087","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4089,"post_author":"1","post_date":"2022-03-24 22:46:11","post_date_gmt":"2022-03-24 11:46:11","post_content":"\n

Floyd \u2019Money\u2019 Mayweather has re-entered the world of cryptocurrency with the announcement of his 2nd NFT project, dubbed Mayweverse. <\/p>\n\n\n\n

The project will consist of 5 different NFTs, each NFT will have 1000 copies available to mint. Every card has its own rarity, utility, and prizes. <\/p>\n\n\n\n

Despite how good it may sounds, Twitter users were quick to criticize. Floyd was reminded<\/a> of his previous NFT project<\/a>, which made him nearly US$5 million and is now worthless. \u201cYou already have an NFT project, it\u2019s called @RealFloydNFT. You released it last year and then stopped working on it immediately after. Have you been punched in the head so much that you\u2019re forgetting these things now?\u201d<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Berke_eth\/status\/1506051809542037506\n<\/div><\/figure>\n\n\n\n

Users were quick to call his bluff<\/a>. Floyd states that he has been working on this for months, although the twitter handle @mayweverse<\/a> was created this month. <\/p>\n\n\n\n

Coffezilla, known for calling out rug pulls and scams within the industry tweeted<\/a> his thoughts on the NFT project. He states \"Floyd Mayweather is frantically deleting evidence of his last NFT scam. He's getting roasted by the investors.\" <\/p>\n\n\n\n

Will this NFT collection follow in the footsteps of his previous NFT collection and be abandoned, or will he stick by his word?<\/p>\n","post_title":"Floyd Mayweather Re-enters The World Of Crypto With \u2018Mayweverse\u2019 NFT Project","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"floyd-mayweather-re-enters-the-world-of-crypto-with-mayweverse-nft-project","to_ping":"","pinged":"","post_modified":"2022-03-24 23:37:53","post_modified_gmt":"2022-03-24 12:37:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4089","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4003,"post_author":"1","post_date":"2022-03-21 15:25:03","post_date_gmt":"2022-03-21 04:25:03","post_content":"\n

Adobe-backed creative showcase platform Behance<\/a> to showcase Solana NFTs within the platform. The addition of this feature will allow creators to earn from their designs.<\/p>\n\n\n\n

The feature is only available to creators who have a Phantom Wallet<\/a> connected to their Behance accounts, and are hosted by QuickNode<\/a>. Once this is done, creators can showcase various NFTs from the Solana blockchain on their profiles. <\/p>\n\n\n\n

Adobes Vice President, William Allen, stated that although there are features to implement Ethereum NFTs on the Behance platform already, creators may not want to use Ethereum due to the high gas fees<\/a>. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/williamallen\/status\/1500858469447917571?s=21\n<\/div><\/figure>\n\n\n\n

In turn, Allen addresses<\/a> that \u201cA single transaction on Solana uses less energy than two google searches and costs a fraction of a penny\u201d insisting that it may be a better alternative for some creators. <\/p>\n\n\n\n

\"\"<\/a>
Solanas 1 Day Price Tracker \/ Source - CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

Notes On The Collaborators <\/h2>\n\n\n\n

Phantom Wallet was quick to regard this as a \u201chuge\u201d collaboration for Solana and their emerging creator economy. The low cost and eco friendly nature of Solana will allow a larger range of artists the ability to experiment with NFTs. Allen stated<\/a> on Twitter that Solana will be added to the \u2019Content Credentials\u2019 tool in photoshop, allowing creators to publish NFTs from photoshop ensuring that the work stays their work. <\/p>\n\n\n\n

QuickNode which rented the space within the mainnet of Solana to Adobe is the leading Solana node provider, sustaining over 50% of the entire nodes on the network. No official statement has been released by the team yet. <\/p>\n","post_title":"Solana NFTs To Be Integrated Within Behance","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"solana-nfts-to-be-integrated-within-behance","to_ping":"","pinged":"","post_modified":"2023-04-11 12:51:53","post_modified_gmt":"2023-04-11 02:51:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4003","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3933,"post_author":"1","post_date":"2022-03-14 22:44:23","post_date_gmt":"2022-03-14 11:44:23","post_content":"\n

EtherRock #44, an NFT<\/a> valued at around US$1,000,000 was accidentally listed<\/a> for 444 Wei<\/a> (>US$0.0000001), rather than 444 Ether (US$1,151,000).<\/p>\n\n\n\n

Former owner Dino, posted about the unfortunate event on Twitter.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501802006364635139?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1501802006364635139%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.tronweekly.com%2F1m-worth-rock-nft-sells-for-under-a-penny%2F\n<\/div><\/figure>\n\n\n\n

The EtherRock was instantly purchased<\/a> and relisted by a bot, within the same block, with Dino requesting<\/a> an Etherscan refund. This has so far been unsuccessful. <\/p>\n\n\n\n

Although a very costly mistake, Dino has made his peace with the situation, agreeing it was more of an \"easy come, easy go\" situation. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501897330353934337\n<\/div><\/figure>\n\n\n\n

\"They say it is better to have rocked and lost rock than to have never rocked at all.\"<\/em><\/p>HiddenGnome on Twitter<\/a><\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"EtherRock Worth $1M Sold For A Fraction Of A Cent","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"etherrock-worth-1m-sold-for-a-fraction-of-a-cent","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/wei\/","post_modified":"2023-04-11 12:52:09","post_modified_gmt":"2023-04-11 02:52:09","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3933","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3890,"post_author":"1","post_date":"2022-03-13 19:50:24","post_date_gmt":"2022-03-13 08:50:24","post_content":"\n

Yuga Labs, the company behind the Bored Ape Yacht Club NFT collection, has acquired CryptoPunks and Meebits from fellow developer Larva Labs.<\/p>\n\n\n\n

A joint<\/a> announcement<\/a> was made by Larva Labs and Yuga Labs on Twitter<\/a> on Friday evening.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/yugalabs\/status\/1502420714527334406?s=20&t=IyM-KDtJPh0WaI5XPfA10A\n<\/div><\/figure>\n\n\n\n

Yuga Labs \"now own the brands, copyright in the art, and other IP rights for both collections, along with 423 CryptoPunks and 1711 Meebits\" according to their announcement. This means that they own both the 1st<\/a> and 2nd<\/a> most valuable NFT collections on the market.<\/p>\n\n\n\n

Yuga Labs plans to grant the commercial rights to all CryptoPunk and Meebit NFTs to their owners, as has been done for BAYC owners. This still means that Yuga Labs owns the collection and will \"be building the overall brand right alongside them\", but each NFT owner can monetize their specific ape.<\/p>\n\n\n\n

\"It\u2019s been amazing to watch the BAYC ecosystem use their rights to collaborate and build awesome shit we never could have dreamed up. We can\u2019t wait to see the Cryptopunks and Meebits communities do the same.<\/em>\"<\/p>Yuga Labs on Twitter<\/a><\/cite><\/blockquote>\n","post_title":"BAYC's Yuga Labs Acquires Rights To CryptoPunks And Meebits","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"baycs-yuga-labs-acquires-rights-to-cryptopunks-and-meebits","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:28","post_modified_gmt":"2022-03-14 10:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n

Although 3 national-level organizations believe NFTs show the potential to boost cultural industry development, risks outweigh the speculation, money laundering and illegal activities said the Chinese regulators<\/a>.<\/p>\n\n\n\n

A large publisher within China called 'The Economic Daily<\/a>' believes that \"digital collectibles\" are in urgent need of regulation<\/a>, as there is a layer of risk for domestic consumers.<\/p>\n\n\n\n

China has not yet clarified the regulations on trading NFTs within the country. \"Before the regulatory mechanism is clarified, consumers are advised to treat it calmly and participate rationally,\" states The Economic Daily.<\/p>\n\n\n\n

NFT Recognition In China<\/h2>\n\n\n\n

Multiple companies and organizations in China recognize NFTs as merely \"digital collectibles\". This comes after the denouncement of NFTs from state media. <\/p>\n\n\n\n

State media believes that \"it is not enough if digital collections are only regarded as cultural and creative commodities traded online and supervised by market supervision departments and intellectual property departments...digital collections have commodity attributes, currency attributes, securities attributes, etc., and their supervision involves multiple departments, and it is urgent to establish a joint supervision mechanism.\"<\/p>\n\n\n\n

Associations have persisted that venues to trade NFTs must not be facilitated, the same members should also stay away from investing in these assets and providing financial support for others to do so.<\/p>\n","post_title":"Chinese Regulators Want To Curb The Wave Of NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"chinese-regulators-want-to-curb-the-wave-of-nfts","to_ping":"","pinged":"","post_modified":"2022-04-14 23:22:58","post_modified_gmt":"2022-04-14 13:22:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4330","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4226,"post_author":"1","post_date":"2022-04-06 06:51:19","post_date_gmt":"2022-04-05 20:51:19","post_content":"\n

LooksRare<\/a> is the 2nd largest<\/a> NFT marketplace by volume. Although 95% of its trading volume<\/a> is coming from users selling and buying their own NFTs.<\/p>\n\n\n\n

LooksRare was launched on January 10th this year, within that time frame it has amassed over $22.5 billion in sales over 109,000 transactions according to Dune Analytics.<\/p>\n\n\n\n

NFT analytics site CryptoSlam! reported<\/a> in January that over $8 billion worth of NFT sales can be classified under wash trading. Since then, around 95% of sales on the site, or around $20B can be linked to wash trading<\/a>.<\/p>\n\n\n\n

\"\"\"\"<\/div>
LooksRare Trading Volume With<\/a> \/ Without<\/a> Wash Trading - Source: Dune Analytics<\/a><\/figcaption><\/figure>\n\n\n\n

LooksRare was launched by two anonymous developers, Zodd and Guts, in January of 2022. Since its launch, LooksRare has grown to become the biggest alternative to\u00a0the leading NFT marketplace,\u00a0OpenSea<\/a>. Despite the decline in NFT sales this year, users are still finding ways to make a quick profit, ethical or not.<\/p>\n\n\n\n

LooksRare Intentional Setup Of Wash Trading<\/h2>\n\n\n\n

LooksRare came up with a genius trading rewards model<\/a> to help grow their site. LooksRare will offer token rewards in LooksRare Token ($LOOKS<\/a>) to users who buy and sell on their platform.<\/p>\n\n\n\n

\"\"
LooksRare Historical Trading Volume - Source: DappRadar<\/a><\/figcaption><\/figure>\n\n\n\n

With this users can cheat the system. NFTs can be wash traded where the prices of the NFT would be inflated to the point that the $LOOKS reward would be enough to cover the Ethereum gas fees<\/a> and LooksRare's 2% marketplace fee. With this fact, LooksRare also provides staking rewards for users who stake $LOOKS on the platform, paid out in Wrapped Ethereum ($WETH<\/a>), this is an even larger reason for users to keep using the site.<\/p>\n\n\n\n

LooksRare is aware of the fact this is happening. They retweeted <\/a>a tweet that called these tactics \"genius\" back near their launch in January, they also did not institute any methods at their launch to deter users from buying and selling their own NFTs at inflated prices.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/LooksRareNFT\/status\/1487018639949582336?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1487018639949582336%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fdecrypt.co%2F91510%2Flooksrare-has-reportedly-generated-8b-ethereum-nft-wash-trading\n<\/div><\/figure>\n\n\n\n

\u201cIt seems that organic trading is indeed increasing in LooksRare. The difference between selling expensive NFTs like BAYC on LooksRare rather than OpenSea can become a 1-2 Ether difference that the seller saves. So it appears that the NFT community is slowly adopting other options outside the incumbent.\u201d <\/em><\/p>Pedro Herrera, Senior Data Analyst at DappRadar. <\/cite><\/blockquote>\n\n\n\n

Although this success may not be long-lived. Wash trading in other markets is considered an illegal act. Chainalysis made a point of this in a report<\/a> and recommends LooksRare to discourage the activity of wash trading. As regulators<\/a> start taking closer looks into markets, these moves which seem fine now may eventually come back to hit the users even harder.<\/p>\n","post_title":"Wash Trading Makes Up 95% Of LooksRare Trading Volume","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"wash-trading-makes-up-95-of-looksrare-trading-volume","to_ping":"","pinged":"https:\/\/blog.chainalysis.com\/reports\/2022-crypto-crime-report-preview-nft-wash-trading-money-laundering\/\nhttps:\/\/www.thedistributed.co\/gas-fees\/","post_modified":"2022-04-07 21:27:34","post_modified_gmt":"2022-04-07 11:27:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4226","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4202,"post_author":"1","post_date":"2022-04-05 21:00:49","post_date_gmt":"2022-04-05 11:00:49","post_content":"\n

The United Kingdom government has announced plans to release a non-fungible token (NFT<\/a>) project dubbed the 'Royal Mint NFT'. This announcement correlates with their plan for a \"forward-looking approach\" towards crypto assets in the UK.<\/p>\n\n\n\n

Chancellor of the Exchequer (national treasury) Rishi Sunak has asked the U.K's Royal Mint to produce an NFT in the following months prior to summer.<\/p>\n\n\n\n

Economic Secretary to the Treasury John Glen stated<\/a> in a keynote speech the Royal Mint NFT collection will be \"an emblem of the forward-looking approach we are determined to take\"<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/hmtreasury\/status\/1510971092072079360?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1510971092072079360%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thedistributed.co%2Fwp-admin%2Fpost.php%3Fpost%3D4202action%3Dedit\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the adoption of <\/a>stablecoins<\/a> by the UK government<\/a>. The UK will proactively explore the potentially transformative benefits of\u00a0Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

\"We think that by making this country a hospitable place for crypto we can attract investment, generate swathes of new jobs, and create a wave of ground-breaking new products and services. We\u2019re on the cusp of something important. We have the opportunity to shape and lead it. And that is what we\u2019ll do.<\/em>\"<\/p>John Glen, Economic Secretary to the Treasury<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"UK Government Plans The 'Royal Mint NFT'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-plans-the-royal-mint-nft","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-04-24 23:19:34","post_modified_gmt":"2022-04-24 13:19:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4202","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/wongmjane\/status\/1486077324630302721\n<\/div><\/figure>\n\n\n\n

Solana is a Layer 1<\/a> blockchain, like Ethereum. Although, Solana uses Proof-of-History<\/a> as its consensus mechanism compared to Ethereum's Proof-of-Work. This allows Solana to have a throughput of 60,000 transactions per second, compared to Ethereum's current 15 transactions per second. This would make Solana a cheaper network to use, with much lower gas fees<\/a> compared with a blockchain like Ethereum.<\/p>\n\n\n\n

Solana is up 11.23% today at a price of $124.14, with a 24-hour trading volume of $3,860,298,289 USD.<\/p>\n\n\n\n

\"Solana
Solana Price Data on 31st March - Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"OpenSea To Support Solana NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"opensea-to-support-solana-nfts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/blockchain-essentials-application-layer-protocols\/","post_modified":"2023-04-11 12:49:54","post_modified_gmt":"2023-04-11 02:49:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4175","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4087,"post_author":"1","post_date":"2022-03-24 23:37:18","post_date_gmt":"2022-03-24 12:37:18","post_content":"\n

In a\u00a0blog post<\/a>\u00a0by Loopring's head of growth, Adam Browman states that \"the GameStop NFT Marketplace has taken its first steps to welcome users, and it is built atop Loopring!\"<\/p>\n\n\n\n

Browman believes that the project \"has the potential to cement itself at the forefront of this new paradigm and become the destination for global digital economies.\" The blog post states that users can get early access to the project now to set up usernames and profiles, as well as make their first deposits.<\/p>\n\n\n\n

GameStop and NFTs<\/h2>\n\n\n\n

Rumors circulating since November\u00a0suggested that Loopring might be working with GameStop on a metaverse-related project. The Wall Street Journal\u00a0reported<\/a> in January\u00a0that GameStop was planning to build a new team focused on NFTs.<\/p>\n\n\n\n

Soon after that announcement, GameStop mentioned Immuntable X as their primary partner for the project. Despite this fact, Loopring was mentioned<\/a> at the time in an SEC filing<\/a>.<\/p>\n\n\n\n

According to an article from Decrypt<\/a>, there has been a lot of confusion on the topic and who is powering the NFT marketplace. It turns out that both Loopring and Immutable X are powering the NFT plans of GameStop. Although Immutable X tweeted<\/a> in a thread how they are the \"preferred partner\".<\/p>\n\n\n\n

Immutable mentioned the Loopring integration \u201cwas not a surprise (and we welcome them!).\" The marketplace will act as an aggregator across NFT minting platforms. Although, it appears that Immutable X will receive the most focus on the marketplace being the \"preferred partner\".<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Immutable\/status\/1506596126677295108\n<\/div><\/figure>\n\n\n\n

Since the announcement, $LRC<\/a>, the native token of Layer 2 blockchain<\/a> Loopring has soared over 35% to a high of $1.21. Although it is now trading steadily at $1.09. Loopring is currently sitting at a market cap of US$1.46 billion, according to data from CoinMarketCap.<\/p>\n\n\n\n

$IMX<\/a>, the token on the Immutable X blockchain is down 8.9% in the past 24 hours, trading at $2.19, according to data from CoinMarketCap.<\/p>\n\n\n\n

The other company in the mix, GameStop also had a huge day seeing a 14.5% gain to $141 in GME<\/a> stocks. Over 24 million GME shares were traded today alone. <\/p>\n","post_title":"GameStop NFT Marketplace Has Entered Beta, Integrated With Loopring","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"gamestop-nft-marketplace-has-entered-beta-integrated-with-loopring","to_ping":"","pinged":"","post_modified":"2022-03-24 23:37:42","post_modified_gmt":"2022-03-24 12:37:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4087","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4089,"post_author":"1","post_date":"2022-03-24 22:46:11","post_date_gmt":"2022-03-24 11:46:11","post_content":"\n

Floyd \u2019Money\u2019 Mayweather has re-entered the world of cryptocurrency with the announcement of his 2nd NFT project, dubbed Mayweverse. <\/p>\n\n\n\n

The project will consist of 5 different NFTs, each NFT will have 1000 copies available to mint. Every card has its own rarity, utility, and prizes. <\/p>\n\n\n\n

Despite how good it may sounds, Twitter users were quick to criticize. Floyd was reminded<\/a> of his previous NFT project<\/a>, which made him nearly US$5 million and is now worthless. \u201cYou already have an NFT project, it\u2019s called @RealFloydNFT. You released it last year and then stopped working on it immediately after. Have you been punched in the head so much that you\u2019re forgetting these things now?\u201d<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Berke_eth\/status\/1506051809542037506\n<\/div><\/figure>\n\n\n\n

Users were quick to call his bluff<\/a>. Floyd states that he has been working on this for months, although the twitter handle @mayweverse<\/a> was created this month. <\/p>\n\n\n\n

Coffezilla, known for calling out rug pulls and scams within the industry tweeted<\/a> his thoughts on the NFT project. He states \"Floyd Mayweather is frantically deleting evidence of his last NFT scam. He's getting roasted by the investors.\" <\/p>\n\n\n\n

Will this NFT collection follow in the footsteps of his previous NFT collection and be abandoned, or will he stick by his word?<\/p>\n","post_title":"Floyd Mayweather Re-enters The World Of Crypto With \u2018Mayweverse\u2019 NFT Project","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"floyd-mayweather-re-enters-the-world-of-crypto-with-mayweverse-nft-project","to_ping":"","pinged":"","post_modified":"2022-03-24 23:37:53","post_modified_gmt":"2022-03-24 12:37:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4089","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4003,"post_author":"1","post_date":"2022-03-21 15:25:03","post_date_gmt":"2022-03-21 04:25:03","post_content":"\n

Adobe-backed creative showcase platform Behance<\/a> to showcase Solana NFTs within the platform. The addition of this feature will allow creators to earn from their designs.<\/p>\n\n\n\n

The feature is only available to creators who have a Phantom Wallet<\/a> connected to their Behance accounts, and are hosted by QuickNode<\/a>. Once this is done, creators can showcase various NFTs from the Solana blockchain on their profiles. <\/p>\n\n\n\n

Adobes Vice President, William Allen, stated that although there are features to implement Ethereum NFTs on the Behance platform already, creators may not want to use Ethereum due to the high gas fees<\/a>. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/williamallen\/status\/1500858469447917571?s=21\n<\/div><\/figure>\n\n\n\n

In turn, Allen addresses<\/a> that \u201cA single transaction on Solana uses less energy than two google searches and costs a fraction of a penny\u201d insisting that it may be a better alternative for some creators. <\/p>\n\n\n\n

\"\"<\/a>
Solanas 1 Day Price Tracker \/ Source - CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

Notes On The Collaborators <\/h2>\n\n\n\n

Phantom Wallet was quick to regard this as a \u201chuge\u201d collaboration for Solana and their emerging creator economy. The low cost and eco friendly nature of Solana will allow a larger range of artists the ability to experiment with NFTs. Allen stated<\/a> on Twitter that Solana will be added to the \u2019Content Credentials\u2019 tool in photoshop, allowing creators to publish NFTs from photoshop ensuring that the work stays their work. <\/p>\n\n\n\n

QuickNode which rented the space within the mainnet of Solana to Adobe is the leading Solana node provider, sustaining over 50% of the entire nodes on the network. No official statement has been released by the team yet. <\/p>\n","post_title":"Solana NFTs To Be Integrated Within Behance","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"solana-nfts-to-be-integrated-within-behance","to_ping":"","pinged":"","post_modified":"2023-04-11 12:51:53","post_modified_gmt":"2023-04-11 02:51:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4003","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3933,"post_author":"1","post_date":"2022-03-14 22:44:23","post_date_gmt":"2022-03-14 11:44:23","post_content":"\n

EtherRock #44, an NFT<\/a> valued at around US$1,000,000 was accidentally listed<\/a> for 444 Wei<\/a> (>US$0.0000001), rather than 444 Ether (US$1,151,000).<\/p>\n\n\n\n

Former owner Dino, posted about the unfortunate event on Twitter.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501802006364635139?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1501802006364635139%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.tronweekly.com%2F1m-worth-rock-nft-sells-for-under-a-penny%2F\n<\/div><\/figure>\n\n\n\n

The EtherRock was instantly purchased<\/a> and relisted by a bot, within the same block, with Dino requesting<\/a> an Etherscan refund. This has so far been unsuccessful. <\/p>\n\n\n\n

Although a very costly mistake, Dino has made his peace with the situation, agreeing it was more of an \"easy come, easy go\" situation. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501897330353934337\n<\/div><\/figure>\n\n\n\n

\"They say it is better to have rocked and lost rock than to have never rocked at all.\"<\/em><\/p>HiddenGnome on Twitter<\/a><\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"EtherRock Worth $1M Sold For A Fraction Of A Cent","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"etherrock-worth-1m-sold-for-a-fraction-of-a-cent","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/wei\/","post_modified":"2023-04-11 12:52:09","post_modified_gmt":"2023-04-11 02:52:09","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3933","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3890,"post_author":"1","post_date":"2022-03-13 19:50:24","post_date_gmt":"2022-03-13 08:50:24","post_content":"\n

Yuga Labs, the company behind the Bored Ape Yacht Club NFT collection, has acquired CryptoPunks and Meebits from fellow developer Larva Labs.<\/p>\n\n\n\n

A joint<\/a> announcement<\/a> was made by Larva Labs and Yuga Labs on Twitter<\/a> on Friday evening.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/yugalabs\/status\/1502420714527334406?s=20&t=IyM-KDtJPh0WaI5XPfA10A\n<\/div><\/figure>\n\n\n\n

Yuga Labs \"now own the brands, copyright in the art, and other IP rights for both collections, along with 423 CryptoPunks and 1711 Meebits\" according to their announcement. This means that they own both the 1st<\/a> and 2nd<\/a> most valuable NFT collections on the market.<\/p>\n\n\n\n

Yuga Labs plans to grant the commercial rights to all CryptoPunk and Meebit NFTs to their owners, as has been done for BAYC owners. This still means that Yuga Labs owns the collection and will \"be building the overall brand right alongside them\", but each NFT owner can monetize their specific ape.<\/p>\n\n\n\n

\"It\u2019s been amazing to watch the BAYC ecosystem use their rights to collaborate and build awesome shit we never could have dreamed up. We can\u2019t wait to see the Cryptopunks and Meebits communities do the same.<\/em>\"<\/p>Yuga Labs on Twitter<\/a><\/cite><\/blockquote>\n","post_title":"BAYC's Yuga Labs Acquires Rights To CryptoPunks And Meebits","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"baycs-yuga-labs-acquires-rights-to-cryptopunks-and-meebits","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:28","post_modified_gmt":"2022-03-14 10:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n

According to a report from Forkast<\/a>, self-regulatory bodies in China are urging their members to \u201cresolutely curb\u201d the \u201cfinancialization and securitization\u201d of NFTs.<\/p>\n\n\n\n

Although 3 national-level organizations believe NFTs show the potential to boost cultural industry development, risks outweigh the speculation, money laundering and illegal activities said the Chinese regulators<\/a>.<\/p>\n\n\n\n

A large publisher within China called 'The Economic Daily<\/a>' believes that \"digital collectibles\" are in urgent need of regulation<\/a>, as there is a layer of risk for domestic consumers.<\/p>\n\n\n\n

China has not yet clarified the regulations on trading NFTs within the country. \"Before the regulatory mechanism is clarified, consumers are advised to treat it calmly and participate rationally,\" states The Economic Daily.<\/p>\n\n\n\n

NFT Recognition In China<\/h2>\n\n\n\n

Multiple companies and organizations in China recognize NFTs as merely \"digital collectibles\". This comes after the denouncement of NFTs from state media. <\/p>\n\n\n\n

State media believes that \"it is not enough if digital collections are only regarded as cultural and creative commodities traded online and supervised by market supervision departments and intellectual property departments...digital collections have commodity attributes, currency attributes, securities attributes, etc., and their supervision involves multiple departments, and it is urgent to establish a joint supervision mechanism.\"<\/p>\n\n\n\n

Associations have persisted that venues to trade NFTs must not be facilitated, the same members should also stay away from investing in these assets and providing financial support for others to do so.<\/p>\n","post_title":"Chinese Regulators Want To Curb The Wave Of NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"chinese-regulators-want-to-curb-the-wave-of-nfts","to_ping":"","pinged":"","post_modified":"2022-04-14 23:22:58","post_modified_gmt":"2022-04-14 13:22:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4330","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4226,"post_author":"1","post_date":"2022-04-06 06:51:19","post_date_gmt":"2022-04-05 20:51:19","post_content":"\n

LooksRare<\/a> is the 2nd largest<\/a> NFT marketplace by volume. Although 95% of its trading volume<\/a> is coming from users selling and buying their own NFTs.<\/p>\n\n\n\n

LooksRare was launched on January 10th this year, within that time frame it has amassed over $22.5 billion in sales over 109,000 transactions according to Dune Analytics.<\/p>\n\n\n\n

NFT analytics site CryptoSlam! reported<\/a> in January that over $8 billion worth of NFT sales can be classified under wash trading. Since then, around 95% of sales on the site, or around $20B can be linked to wash trading<\/a>.<\/p>\n\n\n\n

\"\"\"\"<\/div>
LooksRare Trading Volume With<\/a> \/ Without<\/a> Wash Trading - Source: Dune Analytics<\/a><\/figcaption><\/figure>\n\n\n\n

LooksRare was launched by two anonymous developers, Zodd and Guts, in January of 2022. Since its launch, LooksRare has grown to become the biggest alternative to\u00a0the leading NFT marketplace,\u00a0OpenSea<\/a>. Despite the decline in NFT sales this year, users are still finding ways to make a quick profit, ethical or not.<\/p>\n\n\n\n

LooksRare Intentional Setup Of Wash Trading<\/h2>\n\n\n\n

LooksRare came up with a genius trading rewards model<\/a> to help grow their site. LooksRare will offer token rewards in LooksRare Token ($LOOKS<\/a>) to users who buy and sell on their platform.<\/p>\n\n\n\n

\"\"
LooksRare Historical Trading Volume - Source: DappRadar<\/a><\/figcaption><\/figure>\n\n\n\n

With this users can cheat the system. NFTs can be wash traded where the prices of the NFT would be inflated to the point that the $LOOKS reward would be enough to cover the Ethereum gas fees<\/a> and LooksRare's 2% marketplace fee. With this fact, LooksRare also provides staking rewards for users who stake $LOOKS on the platform, paid out in Wrapped Ethereum ($WETH<\/a>), this is an even larger reason for users to keep using the site.<\/p>\n\n\n\n

LooksRare is aware of the fact this is happening. They retweeted <\/a>a tweet that called these tactics \"genius\" back near their launch in January, they also did not institute any methods at their launch to deter users from buying and selling their own NFTs at inflated prices.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/LooksRareNFT\/status\/1487018639949582336?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1487018639949582336%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fdecrypt.co%2F91510%2Flooksrare-has-reportedly-generated-8b-ethereum-nft-wash-trading\n<\/div><\/figure>\n\n\n\n

\u201cIt seems that organic trading is indeed increasing in LooksRare. The difference between selling expensive NFTs like BAYC on LooksRare rather than OpenSea can become a 1-2 Ether difference that the seller saves. So it appears that the NFT community is slowly adopting other options outside the incumbent.\u201d <\/em><\/p>Pedro Herrera, Senior Data Analyst at DappRadar. <\/cite><\/blockquote>\n\n\n\n

Although this success may not be long-lived. Wash trading in other markets is considered an illegal act. Chainalysis made a point of this in a report<\/a> and recommends LooksRare to discourage the activity of wash trading. As regulators<\/a> start taking closer looks into markets, these moves which seem fine now may eventually come back to hit the users even harder.<\/p>\n","post_title":"Wash Trading Makes Up 95% Of LooksRare Trading Volume","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"wash-trading-makes-up-95-of-looksrare-trading-volume","to_ping":"","pinged":"https:\/\/blog.chainalysis.com\/reports\/2022-crypto-crime-report-preview-nft-wash-trading-money-laundering\/\nhttps:\/\/www.thedistributed.co\/gas-fees\/","post_modified":"2022-04-07 21:27:34","post_modified_gmt":"2022-04-07 11:27:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4226","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4202,"post_author":"1","post_date":"2022-04-05 21:00:49","post_date_gmt":"2022-04-05 11:00:49","post_content":"\n

The United Kingdom government has announced plans to release a non-fungible token (NFT<\/a>) project dubbed the 'Royal Mint NFT'. This announcement correlates with their plan for a \"forward-looking approach\" towards crypto assets in the UK.<\/p>\n\n\n\n

Chancellor of the Exchequer (national treasury) Rishi Sunak has asked the U.K's Royal Mint to produce an NFT in the following months prior to summer.<\/p>\n\n\n\n

Economic Secretary to the Treasury John Glen stated<\/a> in a keynote speech the Royal Mint NFT collection will be \"an emblem of the forward-looking approach we are determined to take\"<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/hmtreasury\/status\/1510971092072079360?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1510971092072079360%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thedistributed.co%2Fwp-admin%2Fpost.php%3Fpost%3D4202action%3Dedit\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the adoption of <\/a>stablecoins<\/a> by the UK government<\/a>. The UK will proactively explore the potentially transformative benefits of\u00a0Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

\"We think that by making this country a hospitable place for crypto we can attract investment, generate swathes of new jobs, and create a wave of ground-breaking new products and services. We\u2019re on the cusp of something important. We have the opportunity to shape and lead it. And that is what we\u2019ll do.<\/em>\"<\/p>John Glen, Economic Secretary to the Treasury<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"UK Government Plans The 'Royal Mint NFT'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-plans-the-royal-mint-nft","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-04-24 23:19:34","post_modified_gmt":"2022-04-24 13:19:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4202","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/wongmjane\/status\/1486077324630302721\n<\/div><\/figure>\n\n\n\n

Solana is a Layer 1<\/a> blockchain, like Ethereum. Although, Solana uses Proof-of-History<\/a> as its consensus mechanism compared to Ethereum's Proof-of-Work. This allows Solana to have a throughput of 60,000 transactions per second, compared to Ethereum's current 15 transactions per second. This would make Solana a cheaper network to use, with much lower gas fees<\/a> compared with a blockchain like Ethereum.<\/p>\n\n\n\n

Solana is up 11.23% today at a price of $124.14, with a 24-hour trading volume of $3,860,298,289 USD.<\/p>\n\n\n\n

\"Solana
Solana Price Data on 31st March - Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"OpenSea To Support Solana NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"opensea-to-support-solana-nfts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/blockchain-essentials-application-layer-protocols\/","post_modified":"2023-04-11 12:49:54","post_modified_gmt":"2023-04-11 02:49:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4175","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4087,"post_author":"1","post_date":"2022-03-24 23:37:18","post_date_gmt":"2022-03-24 12:37:18","post_content":"\n

In a\u00a0blog post<\/a>\u00a0by Loopring's head of growth, Adam Browman states that \"the GameStop NFT Marketplace has taken its first steps to welcome users, and it is built atop Loopring!\"<\/p>\n\n\n\n

Browman believes that the project \"has the potential to cement itself at the forefront of this new paradigm and become the destination for global digital economies.\" The blog post states that users can get early access to the project now to set up usernames and profiles, as well as make their first deposits.<\/p>\n\n\n\n

GameStop and NFTs<\/h2>\n\n\n\n

Rumors circulating since November\u00a0suggested that Loopring might be working with GameStop on a metaverse-related project. The Wall Street Journal\u00a0reported<\/a> in January\u00a0that GameStop was planning to build a new team focused on NFTs.<\/p>\n\n\n\n

Soon after that announcement, GameStop mentioned Immuntable X as their primary partner for the project. Despite this fact, Loopring was mentioned<\/a> at the time in an SEC filing<\/a>.<\/p>\n\n\n\n

According to an article from Decrypt<\/a>, there has been a lot of confusion on the topic and who is powering the NFT marketplace. It turns out that both Loopring and Immutable X are powering the NFT plans of GameStop. Although Immutable X tweeted<\/a> in a thread how they are the \"preferred partner\".<\/p>\n\n\n\n

Immutable mentioned the Loopring integration \u201cwas not a surprise (and we welcome them!).\" The marketplace will act as an aggregator across NFT minting platforms. Although, it appears that Immutable X will receive the most focus on the marketplace being the \"preferred partner\".<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Immutable\/status\/1506596126677295108\n<\/div><\/figure>\n\n\n\n

Since the announcement, $LRC<\/a>, the native token of Layer 2 blockchain<\/a> Loopring has soared over 35% to a high of $1.21. Although it is now trading steadily at $1.09. Loopring is currently sitting at a market cap of US$1.46 billion, according to data from CoinMarketCap.<\/p>\n\n\n\n

$IMX<\/a>, the token on the Immutable X blockchain is down 8.9% in the past 24 hours, trading at $2.19, according to data from CoinMarketCap.<\/p>\n\n\n\n

The other company in the mix, GameStop also had a huge day seeing a 14.5% gain to $141 in GME<\/a> stocks. Over 24 million GME shares were traded today alone. <\/p>\n","post_title":"GameStop NFT Marketplace Has Entered Beta, Integrated With Loopring","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"gamestop-nft-marketplace-has-entered-beta-integrated-with-loopring","to_ping":"","pinged":"","post_modified":"2022-03-24 23:37:42","post_modified_gmt":"2022-03-24 12:37:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4087","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4089,"post_author":"1","post_date":"2022-03-24 22:46:11","post_date_gmt":"2022-03-24 11:46:11","post_content":"\n

Floyd \u2019Money\u2019 Mayweather has re-entered the world of cryptocurrency with the announcement of his 2nd NFT project, dubbed Mayweverse. <\/p>\n\n\n\n

The project will consist of 5 different NFTs, each NFT will have 1000 copies available to mint. Every card has its own rarity, utility, and prizes. <\/p>\n\n\n\n

Despite how good it may sounds, Twitter users were quick to criticize. Floyd was reminded<\/a> of his previous NFT project<\/a>, which made him nearly US$5 million and is now worthless. \u201cYou already have an NFT project, it\u2019s called @RealFloydNFT. You released it last year and then stopped working on it immediately after. Have you been punched in the head so much that you\u2019re forgetting these things now?\u201d<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Berke_eth\/status\/1506051809542037506\n<\/div><\/figure>\n\n\n\n

Users were quick to call his bluff<\/a>. Floyd states that he has been working on this for months, although the twitter handle @mayweverse<\/a> was created this month. <\/p>\n\n\n\n

Coffezilla, known for calling out rug pulls and scams within the industry tweeted<\/a> his thoughts on the NFT project. He states \"Floyd Mayweather is frantically deleting evidence of his last NFT scam. He's getting roasted by the investors.\" <\/p>\n\n\n\n

Will this NFT collection follow in the footsteps of his previous NFT collection and be abandoned, or will he stick by his word?<\/p>\n","post_title":"Floyd Mayweather Re-enters The World Of Crypto With \u2018Mayweverse\u2019 NFT Project","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"floyd-mayweather-re-enters-the-world-of-crypto-with-mayweverse-nft-project","to_ping":"","pinged":"","post_modified":"2022-03-24 23:37:53","post_modified_gmt":"2022-03-24 12:37:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4089","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4003,"post_author":"1","post_date":"2022-03-21 15:25:03","post_date_gmt":"2022-03-21 04:25:03","post_content":"\n

Adobe-backed creative showcase platform Behance<\/a> to showcase Solana NFTs within the platform. The addition of this feature will allow creators to earn from their designs.<\/p>\n\n\n\n

The feature is only available to creators who have a Phantom Wallet<\/a> connected to their Behance accounts, and are hosted by QuickNode<\/a>. Once this is done, creators can showcase various NFTs from the Solana blockchain on their profiles. <\/p>\n\n\n\n

Adobes Vice President, William Allen, stated that although there are features to implement Ethereum NFTs on the Behance platform already, creators may not want to use Ethereum due to the high gas fees<\/a>. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/williamallen\/status\/1500858469447917571?s=21\n<\/div><\/figure>\n\n\n\n

In turn, Allen addresses<\/a> that \u201cA single transaction on Solana uses less energy than two google searches and costs a fraction of a penny\u201d insisting that it may be a better alternative for some creators. <\/p>\n\n\n\n

\"\"<\/a>
Solanas 1 Day Price Tracker \/ Source - CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

Notes On The Collaborators <\/h2>\n\n\n\n

Phantom Wallet was quick to regard this as a \u201chuge\u201d collaboration for Solana and their emerging creator economy. The low cost and eco friendly nature of Solana will allow a larger range of artists the ability to experiment with NFTs. Allen stated<\/a> on Twitter that Solana will be added to the \u2019Content Credentials\u2019 tool in photoshop, allowing creators to publish NFTs from photoshop ensuring that the work stays their work. <\/p>\n\n\n\n

QuickNode which rented the space within the mainnet of Solana to Adobe is the leading Solana node provider, sustaining over 50% of the entire nodes on the network. No official statement has been released by the team yet. <\/p>\n","post_title":"Solana NFTs To Be Integrated Within Behance","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"solana-nfts-to-be-integrated-within-behance","to_ping":"","pinged":"","post_modified":"2023-04-11 12:51:53","post_modified_gmt":"2023-04-11 02:51:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4003","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3933,"post_author":"1","post_date":"2022-03-14 22:44:23","post_date_gmt":"2022-03-14 11:44:23","post_content":"\n

EtherRock #44, an NFT<\/a> valued at around US$1,000,000 was accidentally listed<\/a> for 444 Wei<\/a> (>US$0.0000001), rather than 444 Ether (US$1,151,000).<\/p>\n\n\n\n

Former owner Dino, posted about the unfortunate event on Twitter.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501802006364635139?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1501802006364635139%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.tronweekly.com%2F1m-worth-rock-nft-sells-for-under-a-penny%2F\n<\/div><\/figure>\n\n\n\n

The EtherRock was instantly purchased<\/a> and relisted by a bot, within the same block, with Dino requesting<\/a> an Etherscan refund. This has so far been unsuccessful. <\/p>\n\n\n\n

Although a very costly mistake, Dino has made his peace with the situation, agreeing it was more of an \"easy come, easy go\" situation. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501897330353934337\n<\/div><\/figure>\n\n\n\n

\"They say it is better to have rocked and lost rock than to have never rocked at all.\"<\/em><\/p>HiddenGnome on Twitter<\/a><\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"EtherRock Worth $1M Sold For A Fraction Of A Cent","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"etherrock-worth-1m-sold-for-a-fraction-of-a-cent","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/wei\/","post_modified":"2023-04-11 12:52:09","post_modified_gmt":"2023-04-11 02:52:09","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3933","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3890,"post_author":"1","post_date":"2022-03-13 19:50:24","post_date_gmt":"2022-03-13 08:50:24","post_content":"\n

Yuga Labs, the company behind the Bored Ape Yacht Club NFT collection, has acquired CryptoPunks and Meebits from fellow developer Larva Labs.<\/p>\n\n\n\n

A joint<\/a> announcement<\/a> was made by Larva Labs and Yuga Labs on Twitter<\/a> on Friday evening.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/yugalabs\/status\/1502420714527334406?s=20&t=IyM-KDtJPh0WaI5XPfA10A\n<\/div><\/figure>\n\n\n\n

Yuga Labs \"now own the brands, copyright in the art, and other IP rights for both collections, along with 423 CryptoPunks and 1711 Meebits\" according to their announcement. This means that they own both the 1st<\/a> and 2nd<\/a> most valuable NFT collections on the market.<\/p>\n\n\n\n

Yuga Labs plans to grant the commercial rights to all CryptoPunk and Meebit NFTs to their owners, as has been done for BAYC owners. This still means that Yuga Labs owns the collection and will \"be building the overall brand right alongside them\", but each NFT owner can monetize their specific ape.<\/p>\n\n\n\n

\"It\u2019s been amazing to watch the BAYC ecosystem use their rights to collaborate and build awesome shit we never could have dreamed up. We can\u2019t wait to see the Cryptopunks and Meebits communities do the same.<\/em>\"<\/p>Yuga Labs on Twitter<\/a><\/cite><\/blockquote>\n","post_title":"BAYC's Yuga Labs Acquires Rights To CryptoPunks And Meebits","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"baycs-yuga-labs-acquires-rights-to-cryptopunks-and-meebits","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:28","post_modified_gmt":"2022-03-14 10:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n

The Self-Regulatory organizations overseeing the banking and security industry within China are urging members to halt the adoption of NFTs.<\/p>\n\n\n\n

According to a report from Forkast<\/a>, self-regulatory bodies in China are urging their members to \u201cresolutely curb\u201d the \u201cfinancialization and securitization\u201d of NFTs.<\/p>\n\n\n\n

Although 3 national-level organizations believe NFTs show the potential to boost cultural industry development, risks outweigh the speculation, money laundering and illegal activities said the Chinese regulators<\/a>.<\/p>\n\n\n\n

A large publisher within China called 'The Economic Daily<\/a>' believes that \"digital collectibles\" are in urgent need of regulation<\/a>, as there is a layer of risk for domestic consumers.<\/p>\n\n\n\n

China has not yet clarified the regulations on trading NFTs within the country. \"Before the regulatory mechanism is clarified, consumers are advised to treat it calmly and participate rationally,\" states The Economic Daily.<\/p>\n\n\n\n

NFT Recognition In China<\/h2>\n\n\n\n

Multiple companies and organizations in China recognize NFTs as merely \"digital collectibles\". This comes after the denouncement of NFTs from state media. <\/p>\n\n\n\n

State media believes that \"it is not enough if digital collections are only regarded as cultural and creative commodities traded online and supervised by market supervision departments and intellectual property departments...digital collections have commodity attributes, currency attributes, securities attributes, etc., and their supervision involves multiple departments, and it is urgent to establish a joint supervision mechanism.\"<\/p>\n\n\n\n

Associations have persisted that venues to trade NFTs must not be facilitated, the same members should also stay away from investing in these assets and providing financial support for others to do so.<\/p>\n","post_title":"Chinese Regulators Want To Curb The Wave Of NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"chinese-regulators-want-to-curb-the-wave-of-nfts","to_ping":"","pinged":"","post_modified":"2022-04-14 23:22:58","post_modified_gmt":"2022-04-14 13:22:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4330","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4226,"post_author":"1","post_date":"2022-04-06 06:51:19","post_date_gmt":"2022-04-05 20:51:19","post_content":"\n

LooksRare<\/a> is the 2nd largest<\/a> NFT marketplace by volume. Although 95% of its trading volume<\/a> is coming from users selling and buying their own NFTs.<\/p>\n\n\n\n

LooksRare was launched on January 10th this year, within that time frame it has amassed over $22.5 billion in sales over 109,000 transactions according to Dune Analytics.<\/p>\n\n\n\n

NFT analytics site CryptoSlam! reported<\/a> in January that over $8 billion worth of NFT sales can be classified under wash trading. Since then, around 95% of sales on the site, or around $20B can be linked to wash trading<\/a>.<\/p>\n\n\n\n

\"\"\"\"<\/div>
LooksRare Trading Volume With<\/a> \/ Without<\/a> Wash Trading - Source: Dune Analytics<\/a><\/figcaption><\/figure>\n\n\n\n

LooksRare was launched by two anonymous developers, Zodd and Guts, in January of 2022. Since its launch, LooksRare has grown to become the biggest alternative to\u00a0the leading NFT marketplace,\u00a0OpenSea<\/a>. Despite the decline in NFT sales this year, users are still finding ways to make a quick profit, ethical or not.<\/p>\n\n\n\n

LooksRare Intentional Setup Of Wash Trading<\/h2>\n\n\n\n

LooksRare came up with a genius trading rewards model<\/a> to help grow their site. LooksRare will offer token rewards in LooksRare Token ($LOOKS<\/a>) to users who buy and sell on their platform.<\/p>\n\n\n\n

\"\"
LooksRare Historical Trading Volume - Source: DappRadar<\/a><\/figcaption><\/figure>\n\n\n\n

With this users can cheat the system. NFTs can be wash traded where the prices of the NFT would be inflated to the point that the $LOOKS reward would be enough to cover the Ethereum gas fees<\/a> and LooksRare's 2% marketplace fee. With this fact, LooksRare also provides staking rewards for users who stake $LOOKS on the platform, paid out in Wrapped Ethereum ($WETH<\/a>), this is an even larger reason for users to keep using the site.<\/p>\n\n\n\n

LooksRare is aware of the fact this is happening. They retweeted <\/a>a tweet that called these tactics \"genius\" back near their launch in January, they also did not institute any methods at their launch to deter users from buying and selling their own NFTs at inflated prices.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/LooksRareNFT\/status\/1487018639949582336?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1487018639949582336%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fdecrypt.co%2F91510%2Flooksrare-has-reportedly-generated-8b-ethereum-nft-wash-trading\n<\/div><\/figure>\n\n\n\n

\u201cIt seems that organic trading is indeed increasing in LooksRare. The difference between selling expensive NFTs like BAYC on LooksRare rather than OpenSea can become a 1-2 Ether difference that the seller saves. So it appears that the NFT community is slowly adopting other options outside the incumbent.\u201d <\/em><\/p>Pedro Herrera, Senior Data Analyst at DappRadar. <\/cite><\/blockquote>\n\n\n\n

Although this success may not be long-lived. Wash trading in other markets is considered an illegal act. Chainalysis made a point of this in a report<\/a> and recommends LooksRare to discourage the activity of wash trading. As regulators<\/a> start taking closer looks into markets, these moves which seem fine now may eventually come back to hit the users even harder.<\/p>\n","post_title":"Wash Trading Makes Up 95% Of LooksRare Trading Volume","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"wash-trading-makes-up-95-of-looksrare-trading-volume","to_ping":"","pinged":"https:\/\/blog.chainalysis.com\/reports\/2022-crypto-crime-report-preview-nft-wash-trading-money-laundering\/\nhttps:\/\/www.thedistributed.co\/gas-fees\/","post_modified":"2022-04-07 21:27:34","post_modified_gmt":"2022-04-07 11:27:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4226","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4202,"post_author":"1","post_date":"2022-04-05 21:00:49","post_date_gmt":"2022-04-05 11:00:49","post_content":"\n

The United Kingdom government has announced plans to release a non-fungible token (NFT<\/a>) project dubbed the 'Royal Mint NFT'. This announcement correlates with their plan for a \"forward-looking approach\" towards crypto assets in the UK.<\/p>\n\n\n\n

Chancellor of the Exchequer (national treasury) Rishi Sunak has asked the U.K's Royal Mint to produce an NFT in the following months prior to summer.<\/p>\n\n\n\n

Economic Secretary to the Treasury John Glen stated<\/a> in a keynote speech the Royal Mint NFT collection will be \"an emblem of the forward-looking approach we are determined to take\"<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/hmtreasury\/status\/1510971092072079360?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1510971092072079360%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thedistributed.co%2Fwp-admin%2Fpost.php%3Fpost%3D4202action%3Dedit\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the adoption of <\/a>stablecoins<\/a> by the UK government<\/a>. The UK will proactively explore the potentially transformative benefits of\u00a0Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

\"We think that by making this country a hospitable place for crypto we can attract investment, generate swathes of new jobs, and create a wave of ground-breaking new products and services. We\u2019re on the cusp of something important. We have the opportunity to shape and lead it. And that is what we\u2019ll do.<\/em>\"<\/p>John Glen, Economic Secretary to the Treasury<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"UK Government Plans The 'Royal Mint NFT'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-plans-the-royal-mint-nft","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-04-24 23:19:34","post_modified_gmt":"2022-04-24 13:19:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4202","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/wongmjane\/status\/1486077324630302721\n<\/div><\/figure>\n\n\n\n

Solana is a Layer 1<\/a> blockchain, like Ethereum. Although, Solana uses Proof-of-History<\/a> as its consensus mechanism compared to Ethereum's Proof-of-Work. This allows Solana to have a throughput of 60,000 transactions per second, compared to Ethereum's current 15 transactions per second. This would make Solana a cheaper network to use, with much lower gas fees<\/a> compared with a blockchain like Ethereum.<\/p>\n\n\n\n

Solana is up 11.23% today at a price of $124.14, with a 24-hour trading volume of $3,860,298,289 USD.<\/p>\n\n\n\n

\"Solana
Solana Price Data on 31st March - Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"OpenSea To Support Solana NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"opensea-to-support-solana-nfts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/blockchain-essentials-application-layer-protocols\/","post_modified":"2023-04-11 12:49:54","post_modified_gmt":"2023-04-11 02:49:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4175","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4087,"post_author":"1","post_date":"2022-03-24 23:37:18","post_date_gmt":"2022-03-24 12:37:18","post_content":"\n

In a\u00a0blog post<\/a>\u00a0by Loopring's head of growth, Adam Browman states that \"the GameStop NFT Marketplace has taken its first steps to welcome users, and it is built atop Loopring!\"<\/p>\n\n\n\n

Browman believes that the project \"has the potential to cement itself at the forefront of this new paradigm and become the destination for global digital economies.\" The blog post states that users can get early access to the project now to set up usernames and profiles, as well as make their first deposits.<\/p>\n\n\n\n

GameStop and NFTs<\/h2>\n\n\n\n

Rumors circulating since November\u00a0suggested that Loopring might be working with GameStop on a metaverse-related project. The Wall Street Journal\u00a0reported<\/a> in January\u00a0that GameStop was planning to build a new team focused on NFTs.<\/p>\n\n\n\n

Soon after that announcement, GameStop mentioned Immuntable X as their primary partner for the project. Despite this fact, Loopring was mentioned<\/a> at the time in an SEC filing<\/a>.<\/p>\n\n\n\n

According to an article from Decrypt<\/a>, there has been a lot of confusion on the topic and who is powering the NFT marketplace. It turns out that both Loopring and Immutable X are powering the NFT plans of GameStop. Although Immutable X tweeted<\/a> in a thread how they are the \"preferred partner\".<\/p>\n\n\n\n

Immutable mentioned the Loopring integration \u201cwas not a surprise (and we welcome them!).\" The marketplace will act as an aggregator across NFT minting platforms. Although, it appears that Immutable X will receive the most focus on the marketplace being the \"preferred partner\".<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Immutable\/status\/1506596126677295108\n<\/div><\/figure>\n\n\n\n

Since the announcement, $LRC<\/a>, the native token of Layer 2 blockchain<\/a> Loopring has soared over 35% to a high of $1.21. Although it is now trading steadily at $1.09. Loopring is currently sitting at a market cap of US$1.46 billion, according to data from CoinMarketCap.<\/p>\n\n\n\n

$IMX<\/a>, the token on the Immutable X blockchain is down 8.9% in the past 24 hours, trading at $2.19, according to data from CoinMarketCap.<\/p>\n\n\n\n

The other company in the mix, GameStop also had a huge day seeing a 14.5% gain to $141 in GME<\/a> stocks. Over 24 million GME shares were traded today alone. <\/p>\n","post_title":"GameStop NFT Marketplace Has Entered Beta, Integrated With Loopring","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"gamestop-nft-marketplace-has-entered-beta-integrated-with-loopring","to_ping":"","pinged":"","post_modified":"2022-03-24 23:37:42","post_modified_gmt":"2022-03-24 12:37:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4087","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4089,"post_author":"1","post_date":"2022-03-24 22:46:11","post_date_gmt":"2022-03-24 11:46:11","post_content":"\n

Floyd \u2019Money\u2019 Mayweather has re-entered the world of cryptocurrency with the announcement of his 2nd NFT project, dubbed Mayweverse. <\/p>\n\n\n\n

The project will consist of 5 different NFTs, each NFT will have 1000 copies available to mint. Every card has its own rarity, utility, and prizes. <\/p>\n\n\n\n

Despite how good it may sounds, Twitter users were quick to criticize. Floyd was reminded<\/a> of his previous NFT project<\/a>, which made him nearly US$5 million and is now worthless. \u201cYou already have an NFT project, it\u2019s called @RealFloydNFT. You released it last year and then stopped working on it immediately after. Have you been punched in the head so much that you\u2019re forgetting these things now?\u201d<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Berke_eth\/status\/1506051809542037506\n<\/div><\/figure>\n\n\n\n

Users were quick to call his bluff<\/a>. Floyd states that he has been working on this for months, although the twitter handle @mayweverse<\/a> was created this month. <\/p>\n\n\n\n

Coffezilla, known for calling out rug pulls and scams within the industry tweeted<\/a> his thoughts on the NFT project. He states \"Floyd Mayweather is frantically deleting evidence of his last NFT scam. He's getting roasted by the investors.\" <\/p>\n\n\n\n

Will this NFT collection follow in the footsteps of his previous NFT collection and be abandoned, or will he stick by his word?<\/p>\n","post_title":"Floyd Mayweather Re-enters The World Of Crypto With \u2018Mayweverse\u2019 NFT Project","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"floyd-mayweather-re-enters-the-world-of-crypto-with-mayweverse-nft-project","to_ping":"","pinged":"","post_modified":"2022-03-24 23:37:53","post_modified_gmt":"2022-03-24 12:37:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4089","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4003,"post_author":"1","post_date":"2022-03-21 15:25:03","post_date_gmt":"2022-03-21 04:25:03","post_content":"\n

Adobe-backed creative showcase platform Behance<\/a> to showcase Solana NFTs within the platform. The addition of this feature will allow creators to earn from their designs.<\/p>\n\n\n\n

The feature is only available to creators who have a Phantom Wallet<\/a> connected to their Behance accounts, and are hosted by QuickNode<\/a>. Once this is done, creators can showcase various NFTs from the Solana blockchain on their profiles. <\/p>\n\n\n\n

Adobes Vice President, William Allen, stated that although there are features to implement Ethereum NFTs on the Behance platform already, creators may not want to use Ethereum due to the high gas fees<\/a>. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/williamallen\/status\/1500858469447917571?s=21\n<\/div><\/figure>\n\n\n\n

In turn, Allen addresses<\/a> that \u201cA single transaction on Solana uses less energy than two google searches and costs a fraction of a penny\u201d insisting that it may be a better alternative for some creators. <\/p>\n\n\n\n

\"\"<\/a>
Solanas 1 Day Price Tracker \/ Source - CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

Notes On The Collaborators <\/h2>\n\n\n\n

Phantom Wallet was quick to regard this as a \u201chuge\u201d collaboration for Solana and their emerging creator economy. The low cost and eco friendly nature of Solana will allow a larger range of artists the ability to experiment with NFTs. Allen stated<\/a> on Twitter that Solana will be added to the \u2019Content Credentials\u2019 tool in photoshop, allowing creators to publish NFTs from photoshop ensuring that the work stays their work. <\/p>\n\n\n\n

QuickNode which rented the space within the mainnet of Solana to Adobe is the leading Solana node provider, sustaining over 50% of the entire nodes on the network. No official statement has been released by the team yet. <\/p>\n","post_title":"Solana NFTs To Be Integrated Within Behance","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"solana-nfts-to-be-integrated-within-behance","to_ping":"","pinged":"","post_modified":"2023-04-11 12:51:53","post_modified_gmt":"2023-04-11 02:51:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4003","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3933,"post_author":"1","post_date":"2022-03-14 22:44:23","post_date_gmt":"2022-03-14 11:44:23","post_content":"\n

EtherRock #44, an NFT<\/a> valued at around US$1,000,000 was accidentally listed<\/a> for 444 Wei<\/a> (>US$0.0000001), rather than 444 Ether (US$1,151,000).<\/p>\n\n\n\n

Former owner Dino, posted about the unfortunate event on Twitter.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501802006364635139?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1501802006364635139%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.tronweekly.com%2F1m-worth-rock-nft-sells-for-under-a-penny%2F\n<\/div><\/figure>\n\n\n\n

The EtherRock was instantly purchased<\/a> and relisted by a bot, within the same block, with Dino requesting<\/a> an Etherscan refund. This has so far been unsuccessful. <\/p>\n\n\n\n

Although a very costly mistake, Dino has made his peace with the situation, agreeing it was more of an \"easy come, easy go\" situation. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501897330353934337\n<\/div><\/figure>\n\n\n\n

\"They say it is better to have rocked and lost rock than to have never rocked at all.\"<\/em><\/p>HiddenGnome on Twitter<\/a><\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"EtherRock Worth $1M Sold For A Fraction Of A Cent","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"etherrock-worth-1m-sold-for-a-fraction-of-a-cent","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/wei\/","post_modified":"2023-04-11 12:52:09","post_modified_gmt":"2023-04-11 02:52:09","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3933","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3890,"post_author":"1","post_date":"2022-03-13 19:50:24","post_date_gmt":"2022-03-13 08:50:24","post_content":"\n

Yuga Labs, the company behind the Bored Ape Yacht Club NFT collection, has acquired CryptoPunks and Meebits from fellow developer Larva Labs.<\/p>\n\n\n\n

A joint<\/a> announcement<\/a> was made by Larva Labs and Yuga Labs on Twitter<\/a> on Friday evening.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/yugalabs\/status\/1502420714527334406?s=20&t=IyM-KDtJPh0WaI5XPfA10A\n<\/div><\/figure>\n\n\n\n

Yuga Labs \"now own the brands, copyright in the art, and other IP rights for both collections, along with 423 CryptoPunks and 1711 Meebits\" according to their announcement. This means that they own both the 1st<\/a> and 2nd<\/a> most valuable NFT collections on the market.<\/p>\n\n\n\n

Yuga Labs plans to grant the commercial rights to all CryptoPunk and Meebit NFTs to their owners, as has been done for BAYC owners. This still means that Yuga Labs owns the collection and will \"be building the overall brand right alongside them\", but each NFT owner can monetize their specific ape.<\/p>\n\n\n\n

\"It\u2019s been amazing to watch the BAYC ecosystem use their rights to collaborate and build awesome shit we never could have dreamed up. We can\u2019t wait to see the Cryptopunks and Meebits communities do the same.<\/em>\"<\/p>Yuga Labs on Twitter<\/a><\/cite><\/blockquote>\n","post_title":"BAYC's Yuga Labs Acquires Rights To CryptoPunks And Meebits","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"baycs-yuga-labs-acquires-rights-to-cryptopunks-and-meebits","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:28","post_modified_gmt":"2022-03-14 10:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n

KuCoin was launched in 2017 and currently registers over $2B in daily transaction volume according to CoinMarketCap<\/a> and registered over 10 million global users<\/a> at the end of 2021.<\/p>\n","post_title":"KuCoin Launches A $100M Creator Fund For NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kucoin-launches-a-100m-creator-fund-for-nfts","to_ping":"","pinged":"","post_modified":"2022-04-19 22:36:19","post_modified_gmt":"2022-04-19 12:36:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4434","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4330,"post_author":"1","post_date":"2022-04-14 23:21:56","post_date_gmt":"2022-04-14 13:21:56","post_content":"\n

The Self-Regulatory organizations overseeing the banking and security industry within China are urging members to halt the adoption of NFTs.<\/p>\n\n\n\n

According to a report from Forkast<\/a>, self-regulatory bodies in China are urging their members to \u201cresolutely curb\u201d the \u201cfinancialization and securitization\u201d of NFTs.<\/p>\n\n\n\n

Although 3 national-level organizations believe NFTs show the potential to boost cultural industry development, risks outweigh the speculation, money laundering and illegal activities said the Chinese regulators<\/a>.<\/p>\n\n\n\n

A large publisher within China called 'The Economic Daily<\/a>' believes that \"digital collectibles\" are in urgent need of regulation<\/a>, as there is a layer of risk for domestic consumers.<\/p>\n\n\n\n

China has not yet clarified the regulations on trading NFTs within the country. \"Before the regulatory mechanism is clarified, consumers are advised to treat it calmly and participate rationally,\" states The Economic Daily.<\/p>\n\n\n\n

NFT Recognition In China<\/h2>\n\n\n\n

Multiple companies and organizations in China recognize NFTs as merely \"digital collectibles\". This comes after the denouncement of NFTs from state media. <\/p>\n\n\n\n

State media believes that \"it is not enough if digital collections are only regarded as cultural and creative commodities traded online and supervised by market supervision departments and intellectual property departments...digital collections have commodity attributes, currency attributes, securities attributes, etc., and their supervision involves multiple departments, and it is urgent to establish a joint supervision mechanism.\"<\/p>\n\n\n\n

Associations have persisted that venues to trade NFTs must not be facilitated, the same members should also stay away from investing in these assets and providing financial support for others to do so.<\/p>\n","post_title":"Chinese Regulators Want To Curb The Wave Of NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"chinese-regulators-want-to-curb-the-wave-of-nfts","to_ping":"","pinged":"","post_modified":"2022-04-14 23:22:58","post_modified_gmt":"2022-04-14 13:22:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4330","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4226,"post_author":"1","post_date":"2022-04-06 06:51:19","post_date_gmt":"2022-04-05 20:51:19","post_content":"\n

LooksRare<\/a> is the 2nd largest<\/a> NFT marketplace by volume. Although 95% of its trading volume<\/a> is coming from users selling and buying their own NFTs.<\/p>\n\n\n\n

LooksRare was launched on January 10th this year, within that time frame it has amassed over $22.5 billion in sales over 109,000 transactions according to Dune Analytics.<\/p>\n\n\n\n

NFT analytics site CryptoSlam! reported<\/a> in January that over $8 billion worth of NFT sales can be classified under wash trading. Since then, around 95% of sales on the site, or around $20B can be linked to wash trading<\/a>.<\/p>\n\n\n\n

\"\"\"\"<\/div>
LooksRare Trading Volume With<\/a> \/ Without<\/a> Wash Trading - Source: Dune Analytics<\/a><\/figcaption><\/figure>\n\n\n\n

LooksRare was launched by two anonymous developers, Zodd and Guts, in January of 2022. Since its launch, LooksRare has grown to become the biggest alternative to\u00a0the leading NFT marketplace,\u00a0OpenSea<\/a>. Despite the decline in NFT sales this year, users are still finding ways to make a quick profit, ethical or not.<\/p>\n\n\n\n

LooksRare Intentional Setup Of Wash Trading<\/h2>\n\n\n\n

LooksRare came up with a genius trading rewards model<\/a> to help grow their site. LooksRare will offer token rewards in LooksRare Token ($LOOKS<\/a>) to users who buy and sell on their platform.<\/p>\n\n\n\n

\"\"
LooksRare Historical Trading Volume - Source: DappRadar<\/a><\/figcaption><\/figure>\n\n\n\n

With this users can cheat the system. NFTs can be wash traded where the prices of the NFT would be inflated to the point that the $LOOKS reward would be enough to cover the Ethereum gas fees<\/a> and LooksRare's 2% marketplace fee. With this fact, LooksRare also provides staking rewards for users who stake $LOOKS on the platform, paid out in Wrapped Ethereum ($WETH<\/a>), this is an even larger reason for users to keep using the site.<\/p>\n\n\n\n

LooksRare is aware of the fact this is happening. They retweeted <\/a>a tweet that called these tactics \"genius\" back near their launch in January, they also did not institute any methods at their launch to deter users from buying and selling their own NFTs at inflated prices.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/LooksRareNFT\/status\/1487018639949582336?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1487018639949582336%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fdecrypt.co%2F91510%2Flooksrare-has-reportedly-generated-8b-ethereum-nft-wash-trading\n<\/div><\/figure>\n\n\n\n

\u201cIt seems that organic trading is indeed increasing in LooksRare. The difference between selling expensive NFTs like BAYC on LooksRare rather than OpenSea can become a 1-2 Ether difference that the seller saves. So it appears that the NFT community is slowly adopting other options outside the incumbent.\u201d <\/em><\/p>Pedro Herrera, Senior Data Analyst at DappRadar. <\/cite><\/blockquote>\n\n\n\n

Although this success may not be long-lived. Wash trading in other markets is considered an illegal act. Chainalysis made a point of this in a report<\/a> and recommends LooksRare to discourage the activity of wash trading. As regulators<\/a> start taking closer looks into markets, these moves which seem fine now may eventually come back to hit the users even harder.<\/p>\n","post_title":"Wash Trading Makes Up 95% Of LooksRare Trading Volume","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"wash-trading-makes-up-95-of-looksrare-trading-volume","to_ping":"","pinged":"https:\/\/blog.chainalysis.com\/reports\/2022-crypto-crime-report-preview-nft-wash-trading-money-laundering\/\nhttps:\/\/www.thedistributed.co\/gas-fees\/","post_modified":"2022-04-07 21:27:34","post_modified_gmt":"2022-04-07 11:27:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4226","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4202,"post_author":"1","post_date":"2022-04-05 21:00:49","post_date_gmt":"2022-04-05 11:00:49","post_content":"\n

The United Kingdom government has announced plans to release a non-fungible token (NFT<\/a>) project dubbed the 'Royal Mint NFT'. This announcement correlates with their plan for a \"forward-looking approach\" towards crypto assets in the UK.<\/p>\n\n\n\n

Chancellor of the Exchequer (national treasury) Rishi Sunak has asked the U.K's Royal Mint to produce an NFT in the following months prior to summer.<\/p>\n\n\n\n

Economic Secretary to the Treasury John Glen stated<\/a> in a keynote speech the Royal Mint NFT collection will be \"an emblem of the forward-looking approach we are determined to take\"<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/hmtreasury\/status\/1510971092072079360?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1510971092072079360%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thedistributed.co%2Fwp-admin%2Fpost.php%3Fpost%3D4202action%3Dedit\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the adoption of <\/a>stablecoins<\/a> by the UK government<\/a>. The UK will proactively explore the potentially transformative benefits of\u00a0Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

\"We think that by making this country a hospitable place for crypto we can attract investment, generate swathes of new jobs, and create a wave of ground-breaking new products and services. We\u2019re on the cusp of something important. We have the opportunity to shape and lead it. And that is what we\u2019ll do.<\/em>\"<\/p>John Glen, Economic Secretary to the Treasury<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"UK Government Plans The 'Royal Mint NFT'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-plans-the-royal-mint-nft","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-04-24 23:19:34","post_modified_gmt":"2022-04-24 13:19:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4202","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/wongmjane\/status\/1486077324630302721\n<\/div><\/figure>\n\n\n\n

Solana is a Layer 1<\/a> blockchain, like Ethereum. Although, Solana uses Proof-of-History<\/a> as its consensus mechanism compared to Ethereum's Proof-of-Work. This allows Solana to have a throughput of 60,000 transactions per second, compared to Ethereum's current 15 transactions per second. This would make Solana a cheaper network to use, with much lower gas fees<\/a> compared with a blockchain like Ethereum.<\/p>\n\n\n\n

Solana is up 11.23% today at a price of $124.14, with a 24-hour trading volume of $3,860,298,289 USD.<\/p>\n\n\n\n

\"Solana
Solana Price Data on 31st March - Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"OpenSea To Support Solana NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"opensea-to-support-solana-nfts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/blockchain-essentials-application-layer-protocols\/","post_modified":"2023-04-11 12:49:54","post_modified_gmt":"2023-04-11 02:49:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4175","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4087,"post_author":"1","post_date":"2022-03-24 23:37:18","post_date_gmt":"2022-03-24 12:37:18","post_content":"\n

In a\u00a0blog post<\/a>\u00a0by Loopring's head of growth, Adam Browman states that \"the GameStop NFT Marketplace has taken its first steps to welcome users, and it is built atop Loopring!\"<\/p>\n\n\n\n

Browman believes that the project \"has the potential to cement itself at the forefront of this new paradigm and become the destination for global digital economies.\" The blog post states that users can get early access to the project now to set up usernames and profiles, as well as make their first deposits.<\/p>\n\n\n\n

GameStop and NFTs<\/h2>\n\n\n\n

Rumors circulating since November\u00a0suggested that Loopring might be working with GameStop on a metaverse-related project. The Wall Street Journal\u00a0reported<\/a> in January\u00a0that GameStop was planning to build a new team focused on NFTs.<\/p>\n\n\n\n

Soon after that announcement, GameStop mentioned Immuntable X as their primary partner for the project. Despite this fact, Loopring was mentioned<\/a> at the time in an SEC filing<\/a>.<\/p>\n\n\n\n

According to an article from Decrypt<\/a>, there has been a lot of confusion on the topic and who is powering the NFT marketplace. It turns out that both Loopring and Immutable X are powering the NFT plans of GameStop. Although Immutable X tweeted<\/a> in a thread how they are the \"preferred partner\".<\/p>\n\n\n\n

Immutable mentioned the Loopring integration \u201cwas not a surprise (and we welcome them!).\" The marketplace will act as an aggregator across NFT minting platforms. Although, it appears that Immutable X will receive the most focus on the marketplace being the \"preferred partner\".<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Immutable\/status\/1506596126677295108\n<\/div><\/figure>\n\n\n\n

Since the announcement, $LRC<\/a>, the native token of Layer 2 blockchain<\/a> Loopring has soared over 35% to a high of $1.21. Although it is now trading steadily at $1.09. Loopring is currently sitting at a market cap of US$1.46 billion, according to data from CoinMarketCap.<\/p>\n\n\n\n

$IMX<\/a>, the token on the Immutable X blockchain is down 8.9% in the past 24 hours, trading at $2.19, according to data from CoinMarketCap.<\/p>\n\n\n\n

The other company in the mix, GameStop also had a huge day seeing a 14.5% gain to $141 in GME<\/a> stocks. Over 24 million GME shares were traded today alone. <\/p>\n","post_title":"GameStop NFT Marketplace Has Entered Beta, Integrated With Loopring","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"gamestop-nft-marketplace-has-entered-beta-integrated-with-loopring","to_ping":"","pinged":"","post_modified":"2022-03-24 23:37:42","post_modified_gmt":"2022-03-24 12:37:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4087","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4089,"post_author":"1","post_date":"2022-03-24 22:46:11","post_date_gmt":"2022-03-24 11:46:11","post_content":"\n

Floyd \u2019Money\u2019 Mayweather has re-entered the world of cryptocurrency with the announcement of his 2nd NFT project, dubbed Mayweverse. <\/p>\n\n\n\n

The project will consist of 5 different NFTs, each NFT will have 1000 copies available to mint. Every card has its own rarity, utility, and prizes. <\/p>\n\n\n\n

Despite how good it may sounds, Twitter users were quick to criticize. Floyd was reminded<\/a> of his previous NFT project<\/a>, which made him nearly US$5 million and is now worthless. \u201cYou already have an NFT project, it\u2019s called @RealFloydNFT. You released it last year and then stopped working on it immediately after. Have you been punched in the head so much that you\u2019re forgetting these things now?\u201d<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Berke_eth\/status\/1506051809542037506\n<\/div><\/figure>\n\n\n\n

Users were quick to call his bluff<\/a>. Floyd states that he has been working on this for months, although the twitter handle @mayweverse<\/a> was created this month. <\/p>\n\n\n\n

Coffezilla, known for calling out rug pulls and scams within the industry tweeted<\/a> his thoughts on the NFT project. He states \"Floyd Mayweather is frantically deleting evidence of his last NFT scam. He's getting roasted by the investors.\" <\/p>\n\n\n\n

Will this NFT collection follow in the footsteps of his previous NFT collection and be abandoned, or will he stick by his word?<\/p>\n","post_title":"Floyd Mayweather Re-enters The World Of Crypto With \u2018Mayweverse\u2019 NFT Project","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"floyd-mayweather-re-enters-the-world-of-crypto-with-mayweverse-nft-project","to_ping":"","pinged":"","post_modified":"2022-03-24 23:37:53","post_modified_gmt":"2022-03-24 12:37:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4089","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4003,"post_author":"1","post_date":"2022-03-21 15:25:03","post_date_gmt":"2022-03-21 04:25:03","post_content":"\n

Adobe-backed creative showcase platform Behance<\/a> to showcase Solana NFTs within the platform. The addition of this feature will allow creators to earn from their designs.<\/p>\n\n\n\n

The feature is only available to creators who have a Phantom Wallet<\/a> connected to their Behance accounts, and are hosted by QuickNode<\/a>. Once this is done, creators can showcase various NFTs from the Solana blockchain on their profiles. <\/p>\n\n\n\n

Adobes Vice President, William Allen, stated that although there are features to implement Ethereum NFTs on the Behance platform already, creators may not want to use Ethereum due to the high gas fees<\/a>. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/williamallen\/status\/1500858469447917571?s=21\n<\/div><\/figure>\n\n\n\n

In turn, Allen addresses<\/a> that \u201cA single transaction on Solana uses less energy than two google searches and costs a fraction of a penny\u201d insisting that it may be a better alternative for some creators. <\/p>\n\n\n\n

\"\"<\/a>
Solanas 1 Day Price Tracker \/ Source - CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

Notes On The Collaborators <\/h2>\n\n\n\n

Phantom Wallet was quick to regard this as a \u201chuge\u201d collaboration for Solana and their emerging creator economy. The low cost and eco friendly nature of Solana will allow a larger range of artists the ability to experiment with NFTs. Allen stated<\/a> on Twitter that Solana will be added to the \u2019Content Credentials\u2019 tool in photoshop, allowing creators to publish NFTs from photoshop ensuring that the work stays their work. <\/p>\n\n\n\n

QuickNode which rented the space within the mainnet of Solana to Adobe is the leading Solana node provider, sustaining over 50% of the entire nodes on the network. No official statement has been released by the team yet. <\/p>\n","post_title":"Solana NFTs To Be Integrated Within Behance","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"solana-nfts-to-be-integrated-within-behance","to_ping":"","pinged":"","post_modified":"2023-04-11 12:51:53","post_modified_gmt":"2023-04-11 02:51:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4003","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3933,"post_author":"1","post_date":"2022-03-14 22:44:23","post_date_gmt":"2022-03-14 11:44:23","post_content":"\n

EtherRock #44, an NFT<\/a> valued at around US$1,000,000 was accidentally listed<\/a> for 444 Wei<\/a> (>US$0.0000001), rather than 444 Ether (US$1,151,000).<\/p>\n\n\n\n

Former owner Dino, posted about the unfortunate event on Twitter.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501802006364635139?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1501802006364635139%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.tronweekly.com%2F1m-worth-rock-nft-sells-for-under-a-penny%2F\n<\/div><\/figure>\n\n\n\n

The EtherRock was instantly purchased<\/a> and relisted by a bot, within the same block, with Dino requesting<\/a> an Etherscan refund. This has so far been unsuccessful. <\/p>\n\n\n\n

Although a very costly mistake, Dino has made his peace with the situation, agreeing it was more of an \"easy come, easy go\" situation. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501897330353934337\n<\/div><\/figure>\n\n\n\n

\"They say it is better to have rocked and lost rock than to have never rocked at all.\"<\/em><\/p>HiddenGnome on Twitter<\/a><\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"EtherRock Worth $1M Sold For A Fraction Of A Cent","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"etherrock-worth-1m-sold-for-a-fraction-of-a-cent","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/wei\/","post_modified":"2023-04-11 12:52:09","post_modified_gmt":"2023-04-11 02:52:09","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3933","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3890,"post_author":"1","post_date":"2022-03-13 19:50:24","post_date_gmt":"2022-03-13 08:50:24","post_content":"\n

Yuga Labs, the company behind the Bored Ape Yacht Club NFT collection, has acquired CryptoPunks and Meebits from fellow developer Larva Labs.<\/p>\n\n\n\n

A joint<\/a> announcement<\/a> was made by Larva Labs and Yuga Labs on Twitter<\/a> on Friday evening.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/yugalabs\/status\/1502420714527334406?s=20&t=IyM-KDtJPh0WaI5XPfA10A\n<\/div><\/figure>\n\n\n\n

Yuga Labs \"now own the brands, copyright in the art, and other IP rights for both collections, along with 423 CryptoPunks and 1711 Meebits\" according to their announcement. This means that they own both the 1st<\/a> and 2nd<\/a> most valuable NFT collections on the market.<\/p>\n\n\n\n

Yuga Labs plans to grant the commercial rights to all CryptoPunk and Meebit NFTs to their owners, as has been done for BAYC owners. This still means that Yuga Labs owns the collection and will \"be building the overall brand right alongside them\", but each NFT owner can monetize their specific ape.<\/p>\n\n\n\n

\"It\u2019s been amazing to watch the BAYC ecosystem use their rights to collaborate and build awesome shit we never could have dreamed up. We can\u2019t wait to see the Cryptopunks and Meebits communities do the same.<\/em>\"<\/p>Yuga Labs on Twitter<\/a><\/cite><\/blockquote>\n","post_title":"BAYC's Yuga Labs Acquires Rights To CryptoPunks And Meebits","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"baycs-yuga-labs-acquires-rights-to-cryptopunks-and-meebits","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:28","post_modified_gmt":"2022-03-14 10:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n

The $100M \u2018Creators Fund\u2019 will support NFT creators and projects, which will further consolidate the metaverse infrastructure. Windvane would like to bridge Web 2.0 and Web 3.0 by supporting more creators to launch their NFTs or projects and creating a more integrated NFT world with a lower barrier to entry for users.<\/em><\/p>Johnny Lyu, CEO of KuCoin<\/cite><\/blockquote>\n\n\n\n

KuCoin was launched in 2017 and currently registers over $2B in daily transaction volume according to CoinMarketCap<\/a> and registered over 10 million global users<\/a> at the end of 2021.<\/p>\n","post_title":"KuCoin Launches A $100M Creator Fund For NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kucoin-launches-a-100m-creator-fund-for-nfts","to_ping":"","pinged":"","post_modified":"2022-04-19 22:36:19","post_modified_gmt":"2022-04-19 12:36:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4434","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4330,"post_author":"1","post_date":"2022-04-14 23:21:56","post_date_gmt":"2022-04-14 13:21:56","post_content":"\n

The Self-Regulatory organizations overseeing the banking and security industry within China are urging members to halt the adoption of NFTs.<\/p>\n\n\n\n

According to a report from Forkast<\/a>, self-regulatory bodies in China are urging their members to \u201cresolutely curb\u201d the \u201cfinancialization and securitization\u201d of NFTs.<\/p>\n\n\n\n

Although 3 national-level organizations believe NFTs show the potential to boost cultural industry development, risks outweigh the speculation, money laundering and illegal activities said the Chinese regulators<\/a>.<\/p>\n\n\n\n

A large publisher within China called 'The Economic Daily<\/a>' believes that \"digital collectibles\" are in urgent need of regulation<\/a>, as there is a layer of risk for domestic consumers.<\/p>\n\n\n\n

China has not yet clarified the regulations on trading NFTs within the country. \"Before the regulatory mechanism is clarified, consumers are advised to treat it calmly and participate rationally,\" states The Economic Daily.<\/p>\n\n\n\n

NFT Recognition In China<\/h2>\n\n\n\n

Multiple companies and organizations in China recognize NFTs as merely \"digital collectibles\". This comes after the denouncement of NFTs from state media. <\/p>\n\n\n\n

State media believes that \"it is not enough if digital collections are only regarded as cultural and creative commodities traded online and supervised by market supervision departments and intellectual property departments...digital collections have commodity attributes, currency attributes, securities attributes, etc., and their supervision involves multiple departments, and it is urgent to establish a joint supervision mechanism.\"<\/p>\n\n\n\n

Associations have persisted that venues to trade NFTs must not be facilitated, the same members should also stay away from investing in these assets and providing financial support for others to do so.<\/p>\n","post_title":"Chinese Regulators Want To Curb The Wave Of NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"chinese-regulators-want-to-curb-the-wave-of-nfts","to_ping":"","pinged":"","post_modified":"2022-04-14 23:22:58","post_modified_gmt":"2022-04-14 13:22:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4330","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4226,"post_author":"1","post_date":"2022-04-06 06:51:19","post_date_gmt":"2022-04-05 20:51:19","post_content":"\n

LooksRare<\/a> is the 2nd largest<\/a> NFT marketplace by volume. Although 95% of its trading volume<\/a> is coming from users selling and buying their own NFTs.<\/p>\n\n\n\n

LooksRare was launched on January 10th this year, within that time frame it has amassed over $22.5 billion in sales over 109,000 transactions according to Dune Analytics.<\/p>\n\n\n\n

NFT analytics site CryptoSlam! reported<\/a> in January that over $8 billion worth of NFT sales can be classified under wash trading. Since then, around 95% of sales on the site, or around $20B can be linked to wash trading<\/a>.<\/p>\n\n\n\n

\"\"\"\"<\/div>
LooksRare Trading Volume With<\/a> \/ Without<\/a> Wash Trading - Source: Dune Analytics<\/a><\/figcaption><\/figure>\n\n\n\n

LooksRare was launched by two anonymous developers, Zodd and Guts, in January of 2022. Since its launch, LooksRare has grown to become the biggest alternative to\u00a0the leading NFT marketplace,\u00a0OpenSea<\/a>. Despite the decline in NFT sales this year, users are still finding ways to make a quick profit, ethical or not.<\/p>\n\n\n\n

LooksRare Intentional Setup Of Wash Trading<\/h2>\n\n\n\n

LooksRare came up with a genius trading rewards model<\/a> to help grow their site. LooksRare will offer token rewards in LooksRare Token ($LOOKS<\/a>) to users who buy and sell on their platform.<\/p>\n\n\n\n

\"\"
LooksRare Historical Trading Volume - Source: DappRadar<\/a><\/figcaption><\/figure>\n\n\n\n

With this users can cheat the system. NFTs can be wash traded where the prices of the NFT would be inflated to the point that the $LOOKS reward would be enough to cover the Ethereum gas fees<\/a> and LooksRare's 2% marketplace fee. With this fact, LooksRare also provides staking rewards for users who stake $LOOKS on the platform, paid out in Wrapped Ethereum ($WETH<\/a>), this is an even larger reason for users to keep using the site.<\/p>\n\n\n\n

LooksRare is aware of the fact this is happening. They retweeted <\/a>a tweet that called these tactics \"genius\" back near their launch in January, they also did not institute any methods at their launch to deter users from buying and selling their own NFTs at inflated prices.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/LooksRareNFT\/status\/1487018639949582336?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1487018639949582336%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fdecrypt.co%2F91510%2Flooksrare-has-reportedly-generated-8b-ethereum-nft-wash-trading\n<\/div><\/figure>\n\n\n\n

\u201cIt seems that organic trading is indeed increasing in LooksRare. The difference between selling expensive NFTs like BAYC on LooksRare rather than OpenSea can become a 1-2 Ether difference that the seller saves. So it appears that the NFT community is slowly adopting other options outside the incumbent.\u201d <\/em><\/p>Pedro Herrera, Senior Data Analyst at DappRadar. <\/cite><\/blockquote>\n\n\n\n

Although this success may not be long-lived. Wash trading in other markets is considered an illegal act. Chainalysis made a point of this in a report<\/a> and recommends LooksRare to discourage the activity of wash trading. As regulators<\/a> start taking closer looks into markets, these moves which seem fine now may eventually come back to hit the users even harder.<\/p>\n","post_title":"Wash Trading Makes Up 95% Of LooksRare Trading Volume","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"wash-trading-makes-up-95-of-looksrare-trading-volume","to_ping":"","pinged":"https:\/\/blog.chainalysis.com\/reports\/2022-crypto-crime-report-preview-nft-wash-trading-money-laundering\/\nhttps:\/\/www.thedistributed.co\/gas-fees\/","post_modified":"2022-04-07 21:27:34","post_modified_gmt":"2022-04-07 11:27:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4226","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4202,"post_author":"1","post_date":"2022-04-05 21:00:49","post_date_gmt":"2022-04-05 11:00:49","post_content":"\n

The United Kingdom government has announced plans to release a non-fungible token (NFT<\/a>) project dubbed the 'Royal Mint NFT'. This announcement correlates with their plan for a \"forward-looking approach\" towards crypto assets in the UK.<\/p>\n\n\n\n

Chancellor of the Exchequer (national treasury) Rishi Sunak has asked the U.K's Royal Mint to produce an NFT in the following months prior to summer.<\/p>\n\n\n\n

Economic Secretary to the Treasury John Glen stated<\/a> in a keynote speech the Royal Mint NFT collection will be \"an emblem of the forward-looking approach we are determined to take\"<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/hmtreasury\/status\/1510971092072079360?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1510971092072079360%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thedistributed.co%2Fwp-admin%2Fpost.php%3Fpost%3D4202action%3Dedit\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the adoption of <\/a>stablecoins<\/a> by the UK government<\/a>. The UK will proactively explore the potentially transformative benefits of\u00a0Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

\"We think that by making this country a hospitable place for crypto we can attract investment, generate swathes of new jobs, and create a wave of ground-breaking new products and services. We\u2019re on the cusp of something important. We have the opportunity to shape and lead it. And that is what we\u2019ll do.<\/em>\"<\/p>John Glen, Economic Secretary to the Treasury<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"UK Government Plans The 'Royal Mint NFT'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-plans-the-royal-mint-nft","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-04-24 23:19:34","post_modified_gmt":"2022-04-24 13:19:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4202","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/wongmjane\/status\/1486077324630302721\n<\/div><\/figure>\n\n\n\n

Solana is a Layer 1<\/a> blockchain, like Ethereum. Although, Solana uses Proof-of-History<\/a> as its consensus mechanism compared to Ethereum's Proof-of-Work. This allows Solana to have a throughput of 60,000 transactions per second, compared to Ethereum's current 15 transactions per second. This would make Solana a cheaper network to use, with much lower gas fees<\/a> compared with a blockchain like Ethereum.<\/p>\n\n\n\n

Solana is up 11.23% today at a price of $124.14, with a 24-hour trading volume of $3,860,298,289 USD.<\/p>\n\n\n\n

\"Solana
Solana Price Data on 31st March - Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"OpenSea To Support Solana NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"opensea-to-support-solana-nfts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/blockchain-essentials-application-layer-protocols\/","post_modified":"2023-04-11 12:49:54","post_modified_gmt":"2023-04-11 02:49:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4175","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4087,"post_author":"1","post_date":"2022-03-24 23:37:18","post_date_gmt":"2022-03-24 12:37:18","post_content":"\n

In a\u00a0blog post<\/a>\u00a0by Loopring's head of growth, Adam Browman states that \"the GameStop NFT Marketplace has taken its first steps to welcome users, and it is built atop Loopring!\"<\/p>\n\n\n\n

Browman believes that the project \"has the potential to cement itself at the forefront of this new paradigm and become the destination for global digital economies.\" The blog post states that users can get early access to the project now to set up usernames and profiles, as well as make their first deposits.<\/p>\n\n\n\n

GameStop and NFTs<\/h2>\n\n\n\n

Rumors circulating since November\u00a0suggested that Loopring might be working with GameStop on a metaverse-related project. The Wall Street Journal\u00a0reported<\/a> in January\u00a0that GameStop was planning to build a new team focused on NFTs.<\/p>\n\n\n\n

Soon after that announcement, GameStop mentioned Immuntable X as their primary partner for the project. Despite this fact, Loopring was mentioned<\/a> at the time in an SEC filing<\/a>.<\/p>\n\n\n\n

According to an article from Decrypt<\/a>, there has been a lot of confusion on the topic and who is powering the NFT marketplace. It turns out that both Loopring and Immutable X are powering the NFT plans of GameStop. Although Immutable X tweeted<\/a> in a thread how they are the \"preferred partner\".<\/p>\n\n\n\n

Immutable mentioned the Loopring integration \u201cwas not a surprise (and we welcome them!).\" The marketplace will act as an aggregator across NFT minting platforms. Although, it appears that Immutable X will receive the most focus on the marketplace being the \"preferred partner\".<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Immutable\/status\/1506596126677295108\n<\/div><\/figure>\n\n\n\n

Since the announcement, $LRC<\/a>, the native token of Layer 2 blockchain<\/a> Loopring has soared over 35% to a high of $1.21. Although it is now trading steadily at $1.09. Loopring is currently sitting at a market cap of US$1.46 billion, according to data from CoinMarketCap.<\/p>\n\n\n\n

$IMX<\/a>, the token on the Immutable X blockchain is down 8.9% in the past 24 hours, trading at $2.19, according to data from CoinMarketCap.<\/p>\n\n\n\n

The other company in the mix, GameStop also had a huge day seeing a 14.5% gain to $141 in GME<\/a> stocks. Over 24 million GME shares were traded today alone. <\/p>\n","post_title":"GameStop NFT Marketplace Has Entered Beta, Integrated With Loopring","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"gamestop-nft-marketplace-has-entered-beta-integrated-with-loopring","to_ping":"","pinged":"","post_modified":"2022-03-24 23:37:42","post_modified_gmt":"2022-03-24 12:37:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4087","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4089,"post_author":"1","post_date":"2022-03-24 22:46:11","post_date_gmt":"2022-03-24 11:46:11","post_content":"\n

Floyd \u2019Money\u2019 Mayweather has re-entered the world of cryptocurrency with the announcement of his 2nd NFT project, dubbed Mayweverse. <\/p>\n\n\n\n

The project will consist of 5 different NFTs, each NFT will have 1000 copies available to mint. Every card has its own rarity, utility, and prizes. <\/p>\n\n\n\n

Despite how good it may sounds, Twitter users were quick to criticize. Floyd was reminded<\/a> of his previous NFT project<\/a>, which made him nearly US$5 million and is now worthless. \u201cYou already have an NFT project, it\u2019s called @RealFloydNFT. You released it last year and then stopped working on it immediately after. Have you been punched in the head so much that you\u2019re forgetting these things now?\u201d<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Berke_eth\/status\/1506051809542037506\n<\/div><\/figure>\n\n\n\n

Users were quick to call his bluff<\/a>. Floyd states that he has been working on this for months, although the twitter handle @mayweverse<\/a> was created this month. <\/p>\n\n\n\n

Coffezilla, known for calling out rug pulls and scams within the industry tweeted<\/a> his thoughts on the NFT project. He states \"Floyd Mayweather is frantically deleting evidence of his last NFT scam. He's getting roasted by the investors.\" <\/p>\n\n\n\n

Will this NFT collection follow in the footsteps of his previous NFT collection and be abandoned, or will he stick by his word?<\/p>\n","post_title":"Floyd Mayweather Re-enters The World Of Crypto With \u2018Mayweverse\u2019 NFT Project","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"floyd-mayweather-re-enters-the-world-of-crypto-with-mayweverse-nft-project","to_ping":"","pinged":"","post_modified":"2022-03-24 23:37:53","post_modified_gmt":"2022-03-24 12:37:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4089","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4003,"post_author":"1","post_date":"2022-03-21 15:25:03","post_date_gmt":"2022-03-21 04:25:03","post_content":"\n

Adobe-backed creative showcase platform Behance<\/a> to showcase Solana NFTs within the platform. The addition of this feature will allow creators to earn from their designs.<\/p>\n\n\n\n

The feature is only available to creators who have a Phantom Wallet<\/a> connected to their Behance accounts, and are hosted by QuickNode<\/a>. Once this is done, creators can showcase various NFTs from the Solana blockchain on their profiles. <\/p>\n\n\n\n

Adobes Vice President, William Allen, stated that although there are features to implement Ethereum NFTs on the Behance platform already, creators may not want to use Ethereum due to the high gas fees<\/a>. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/williamallen\/status\/1500858469447917571?s=21\n<\/div><\/figure>\n\n\n\n

In turn, Allen addresses<\/a> that \u201cA single transaction on Solana uses less energy than two google searches and costs a fraction of a penny\u201d insisting that it may be a better alternative for some creators. <\/p>\n\n\n\n

\"\"<\/a>
Solanas 1 Day Price Tracker \/ Source - CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

Notes On The Collaborators <\/h2>\n\n\n\n

Phantom Wallet was quick to regard this as a \u201chuge\u201d collaboration for Solana and their emerging creator economy. The low cost and eco friendly nature of Solana will allow a larger range of artists the ability to experiment with NFTs. Allen stated<\/a> on Twitter that Solana will be added to the \u2019Content Credentials\u2019 tool in photoshop, allowing creators to publish NFTs from photoshop ensuring that the work stays their work. <\/p>\n\n\n\n

QuickNode which rented the space within the mainnet of Solana to Adobe is the leading Solana node provider, sustaining over 50% of the entire nodes on the network. No official statement has been released by the team yet. <\/p>\n","post_title":"Solana NFTs To Be Integrated Within Behance","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"solana-nfts-to-be-integrated-within-behance","to_ping":"","pinged":"","post_modified":"2023-04-11 12:51:53","post_modified_gmt":"2023-04-11 02:51:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4003","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3933,"post_author":"1","post_date":"2022-03-14 22:44:23","post_date_gmt":"2022-03-14 11:44:23","post_content":"\n

EtherRock #44, an NFT<\/a> valued at around US$1,000,000 was accidentally listed<\/a> for 444 Wei<\/a> (>US$0.0000001), rather than 444 Ether (US$1,151,000).<\/p>\n\n\n\n

Former owner Dino, posted about the unfortunate event on Twitter.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501802006364635139?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1501802006364635139%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.tronweekly.com%2F1m-worth-rock-nft-sells-for-under-a-penny%2F\n<\/div><\/figure>\n\n\n\n

The EtherRock was instantly purchased<\/a> and relisted by a bot, within the same block, with Dino requesting<\/a> an Etherscan refund. This has so far been unsuccessful. <\/p>\n\n\n\n

Although a very costly mistake, Dino has made his peace with the situation, agreeing it was more of an \"easy come, easy go\" situation. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501897330353934337\n<\/div><\/figure>\n\n\n\n

\"They say it is better to have rocked and lost rock than to have never rocked at all.\"<\/em><\/p>HiddenGnome on Twitter<\/a><\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"EtherRock Worth $1M Sold For A Fraction Of A Cent","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"etherrock-worth-1m-sold-for-a-fraction-of-a-cent","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/wei\/","post_modified":"2023-04-11 12:52:09","post_modified_gmt":"2023-04-11 02:52:09","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3933","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3890,"post_author":"1","post_date":"2022-03-13 19:50:24","post_date_gmt":"2022-03-13 08:50:24","post_content":"\n

Yuga Labs, the company behind the Bored Ape Yacht Club NFT collection, has acquired CryptoPunks and Meebits from fellow developer Larva Labs.<\/p>\n\n\n\n

A joint<\/a> announcement<\/a> was made by Larva Labs and Yuga Labs on Twitter<\/a> on Friday evening.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/yugalabs\/status\/1502420714527334406?s=20&t=IyM-KDtJPh0WaI5XPfA10A\n<\/div><\/figure>\n\n\n\n

Yuga Labs \"now own the brands, copyright in the art, and other IP rights for both collections, along with 423 CryptoPunks and 1711 Meebits\" according to their announcement. This means that they own both the 1st<\/a> and 2nd<\/a> most valuable NFT collections on the market.<\/p>\n\n\n\n

Yuga Labs plans to grant the commercial rights to all CryptoPunk and Meebit NFTs to their owners, as has been done for BAYC owners. This still means that Yuga Labs owns the collection and will \"be building the overall brand right alongside them\", but each NFT owner can monetize their specific ape.<\/p>\n\n\n\n

\"It\u2019s been amazing to watch the BAYC ecosystem use their rights to collaborate and build awesome shit we never could have dreamed up. We can\u2019t wait to see the Cryptopunks and Meebits communities do the same.<\/em>\"<\/p>Yuga Labs on Twitter<\/a><\/cite><\/blockquote>\n","post_title":"BAYC's Yuga Labs Acquires Rights To CryptoPunks And Meebits","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"baycs-yuga-labs-acquires-rights-to-cryptopunks-and-meebits","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:28","post_modified_gmt":"2022-03-14 10:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n

The fund will support promising NFT projects with strong teams and innovative technology to facilitate the development of NFT space and contribute to building a diverse Web 3.0 world. Windvane will openly support mainstream NFT blockchains such as ETH, BSC, and FLOW while offering their services to their \"huge user traffic\".<\/p>\n\n\n\n

The $100M \u2018Creators Fund\u2019 will support NFT creators and projects, which will further consolidate the metaverse infrastructure. Windvane would like to bridge Web 2.0 and Web 3.0 by supporting more creators to launch their NFTs or projects and creating a more integrated NFT world with a lower barrier to entry for users.<\/em><\/p>Johnny Lyu, CEO of KuCoin<\/cite><\/blockquote>\n\n\n\n

KuCoin was launched in 2017 and currently registers over $2B in daily transaction volume according to CoinMarketCap<\/a> and registered over 10 million global users<\/a> at the end of 2021.<\/p>\n","post_title":"KuCoin Launches A $100M Creator Fund For NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kucoin-launches-a-100m-creator-fund-for-nfts","to_ping":"","pinged":"","post_modified":"2022-04-19 22:36:19","post_modified_gmt":"2022-04-19 12:36:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4434","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4330,"post_author":"1","post_date":"2022-04-14 23:21:56","post_date_gmt":"2022-04-14 13:21:56","post_content":"\n

The Self-Regulatory organizations overseeing the banking and security industry within China are urging members to halt the adoption of NFTs.<\/p>\n\n\n\n

According to a report from Forkast<\/a>, self-regulatory bodies in China are urging their members to \u201cresolutely curb\u201d the \u201cfinancialization and securitization\u201d of NFTs.<\/p>\n\n\n\n

Although 3 national-level organizations believe NFTs show the potential to boost cultural industry development, risks outweigh the speculation, money laundering and illegal activities said the Chinese regulators<\/a>.<\/p>\n\n\n\n

A large publisher within China called 'The Economic Daily<\/a>' believes that \"digital collectibles\" are in urgent need of regulation<\/a>, as there is a layer of risk for domestic consumers.<\/p>\n\n\n\n

China has not yet clarified the regulations on trading NFTs within the country. \"Before the regulatory mechanism is clarified, consumers are advised to treat it calmly and participate rationally,\" states The Economic Daily.<\/p>\n\n\n\n

NFT Recognition In China<\/h2>\n\n\n\n

Multiple companies and organizations in China recognize NFTs as merely \"digital collectibles\". This comes after the denouncement of NFTs from state media. <\/p>\n\n\n\n

State media believes that \"it is not enough if digital collections are only regarded as cultural and creative commodities traded online and supervised by market supervision departments and intellectual property departments...digital collections have commodity attributes, currency attributes, securities attributes, etc., and their supervision involves multiple departments, and it is urgent to establish a joint supervision mechanism.\"<\/p>\n\n\n\n

Associations have persisted that venues to trade NFTs must not be facilitated, the same members should also stay away from investing in these assets and providing financial support for others to do so.<\/p>\n","post_title":"Chinese Regulators Want To Curb The Wave Of NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"chinese-regulators-want-to-curb-the-wave-of-nfts","to_ping":"","pinged":"","post_modified":"2022-04-14 23:22:58","post_modified_gmt":"2022-04-14 13:22:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4330","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4226,"post_author":"1","post_date":"2022-04-06 06:51:19","post_date_gmt":"2022-04-05 20:51:19","post_content":"\n

LooksRare<\/a> is the 2nd largest<\/a> NFT marketplace by volume. Although 95% of its trading volume<\/a> is coming from users selling and buying their own NFTs.<\/p>\n\n\n\n

LooksRare was launched on January 10th this year, within that time frame it has amassed over $22.5 billion in sales over 109,000 transactions according to Dune Analytics.<\/p>\n\n\n\n

NFT analytics site CryptoSlam! reported<\/a> in January that over $8 billion worth of NFT sales can be classified under wash trading. Since then, around 95% of sales on the site, or around $20B can be linked to wash trading<\/a>.<\/p>\n\n\n\n

\"\"\"\"<\/div>
LooksRare Trading Volume With<\/a> \/ Without<\/a> Wash Trading - Source: Dune Analytics<\/a><\/figcaption><\/figure>\n\n\n\n

LooksRare was launched by two anonymous developers, Zodd and Guts, in January of 2022. Since its launch, LooksRare has grown to become the biggest alternative to\u00a0the leading NFT marketplace,\u00a0OpenSea<\/a>. Despite the decline in NFT sales this year, users are still finding ways to make a quick profit, ethical or not.<\/p>\n\n\n\n

LooksRare Intentional Setup Of Wash Trading<\/h2>\n\n\n\n

LooksRare came up with a genius trading rewards model<\/a> to help grow their site. LooksRare will offer token rewards in LooksRare Token ($LOOKS<\/a>) to users who buy and sell on their platform.<\/p>\n\n\n\n

\"\"
LooksRare Historical Trading Volume - Source: DappRadar<\/a><\/figcaption><\/figure>\n\n\n\n

With this users can cheat the system. NFTs can be wash traded where the prices of the NFT would be inflated to the point that the $LOOKS reward would be enough to cover the Ethereum gas fees<\/a> and LooksRare's 2% marketplace fee. With this fact, LooksRare also provides staking rewards for users who stake $LOOKS on the platform, paid out in Wrapped Ethereum ($WETH<\/a>), this is an even larger reason for users to keep using the site.<\/p>\n\n\n\n

LooksRare is aware of the fact this is happening. They retweeted <\/a>a tweet that called these tactics \"genius\" back near their launch in January, they also did not institute any methods at their launch to deter users from buying and selling their own NFTs at inflated prices.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/LooksRareNFT\/status\/1487018639949582336?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1487018639949582336%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fdecrypt.co%2F91510%2Flooksrare-has-reportedly-generated-8b-ethereum-nft-wash-trading\n<\/div><\/figure>\n\n\n\n

\u201cIt seems that organic trading is indeed increasing in LooksRare. The difference between selling expensive NFTs like BAYC on LooksRare rather than OpenSea can become a 1-2 Ether difference that the seller saves. So it appears that the NFT community is slowly adopting other options outside the incumbent.\u201d <\/em><\/p>Pedro Herrera, Senior Data Analyst at DappRadar. <\/cite><\/blockquote>\n\n\n\n

Although this success may not be long-lived. Wash trading in other markets is considered an illegal act. Chainalysis made a point of this in a report<\/a> and recommends LooksRare to discourage the activity of wash trading. As regulators<\/a> start taking closer looks into markets, these moves which seem fine now may eventually come back to hit the users even harder.<\/p>\n","post_title":"Wash Trading Makes Up 95% Of LooksRare Trading Volume","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"wash-trading-makes-up-95-of-looksrare-trading-volume","to_ping":"","pinged":"https:\/\/blog.chainalysis.com\/reports\/2022-crypto-crime-report-preview-nft-wash-trading-money-laundering\/\nhttps:\/\/www.thedistributed.co\/gas-fees\/","post_modified":"2022-04-07 21:27:34","post_modified_gmt":"2022-04-07 11:27:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4226","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4202,"post_author":"1","post_date":"2022-04-05 21:00:49","post_date_gmt":"2022-04-05 11:00:49","post_content":"\n

The United Kingdom government has announced plans to release a non-fungible token (NFT<\/a>) project dubbed the 'Royal Mint NFT'. This announcement correlates with their plan for a \"forward-looking approach\" towards crypto assets in the UK.<\/p>\n\n\n\n

Chancellor of the Exchequer (national treasury) Rishi Sunak has asked the U.K's Royal Mint to produce an NFT in the following months prior to summer.<\/p>\n\n\n\n

Economic Secretary to the Treasury John Glen stated<\/a> in a keynote speech the Royal Mint NFT collection will be \"an emblem of the forward-looking approach we are determined to take\"<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/hmtreasury\/status\/1510971092072079360?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1510971092072079360%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thedistributed.co%2Fwp-admin%2Fpost.php%3Fpost%3D4202action%3Dedit\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the adoption of <\/a>stablecoins<\/a> by the UK government<\/a>. The UK will proactively explore the potentially transformative benefits of\u00a0Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

\"We think that by making this country a hospitable place for crypto we can attract investment, generate swathes of new jobs, and create a wave of ground-breaking new products and services. We\u2019re on the cusp of something important. We have the opportunity to shape and lead it. And that is what we\u2019ll do.<\/em>\"<\/p>John Glen, Economic Secretary to the Treasury<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"UK Government Plans The 'Royal Mint NFT'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-plans-the-royal-mint-nft","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-04-24 23:19:34","post_modified_gmt":"2022-04-24 13:19:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4202","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/wongmjane\/status\/1486077324630302721\n<\/div><\/figure>\n\n\n\n

Solana is a Layer 1<\/a> blockchain, like Ethereum. Although, Solana uses Proof-of-History<\/a> as its consensus mechanism compared to Ethereum's Proof-of-Work. This allows Solana to have a throughput of 60,000 transactions per second, compared to Ethereum's current 15 transactions per second. This would make Solana a cheaper network to use, with much lower gas fees<\/a> compared with a blockchain like Ethereum.<\/p>\n\n\n\n

Solana is up 11.23% today at a price of $124.14, with a 24-hour trading volume of $3,860,298,289 USD.<\/p>\n\n\n\n

\"Solana
Solana Price Data on 31st March - Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"OpenSea To Support Solana NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"opensea-to-support-solana-nfts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/blockchain-essentials-application-layer-protocols\/","post_modified":"2023-04-11 12:49:54","post_modified_gmt":"2023-04-11 02:49:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4175","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4087,"post_author":"1","post_date":"2022-03-24 23:37:18","post_date_gmt":"2022-03-24 12:37:18","post_content":"\n

In a\u00a0blog post<\/a>\u00a0by Loopring's head of growth, Adam Browman states that \"the GameStop NFT Marketplace has taken its first steps to welcome users, and it is built atop Loopring!\"<\/p>\n\n\n\n

Browman believes that the project \"has the potential to cement itself at the forefront of this new paradigm and become the destination for global digital economies.\" The blog post states that users can get early access to the project now to set up usernames and profiles, as well as make their first deposits.<\/p>\n\n\n\n

GameStop and NFTs<\/h2>\n\n\n\n

Rumors circulating since November\u00a0suggested that Loopring might be working with GameStop on a metaverse-related project. The Wall Street Journal\u00a0reported<\/a> in January\u00a0that GameStop was planning to build a new team focused on NFTs.<\/p>\n\n\n\n

Soon after that announcement, GameStop mentioned Immuntable X as their primary partner for the project. Despite this fact, Loopring was mentioned<\/a> at the time in an SEC filing<\/a>.<\/p>\n\n\n\n

According to an article from Decrypt<\/a>, there has been a lot of confusion on the topic and who is powering the NFT marketplace. It turns out that both Loopring and Immutable X are powering the NFT plans of GameStop. Although Immutable X tweeted<\/a> in a thread how they are the \"preferred partner\".<\/p>\n\n\n\n

Immutable mentioned the Loopring integration \u201cwas not a surprise (and we welcome them!).\" The marketplace will act as an aggregator across NFT minting platforms. Although, it appears that Immutable X will receive the most focus on the marketplace being the \"preferred partner\".<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Immutable\/status\/1506596126677295108\n<\/div><\/figure>\n\n\n\n

Since the announcement, $LRC<\/a>, the native token of Layer 2 blockchain<\/a> Loopring has soared over 35% to a high of $1.21. Although it is now trading steadily at $1.09. Loopring is currently sitting at a market cap of US$1.46 billion, according to data from CoinMarketCap.<\/p>\n\n\n\n

$IMX<\/a>, the token on the Immutable X blockchain is down 8.9% in the past 24 hours, trading at $2.19, according to data from CoinMarketCap.<\/p>\n\n\n\n

The other company in the mix, GameStop also had a huge day seeing a 14.5% gain to $141 in GME<\/a> stocks. Over 24 million GME shares were traded today alone. <\/p>\n","post_title":"GameStop NFT Marketplace Has Entered Beta, Integrated With Loopring","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"gamestop-nft-marketplace-has-entered-beta-integrated-with-loopring","to_ping":"","pinged":"","post_modified":"2022-03-24 23:37:42","post_modified_gmt":"2022-03-24 12:37:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4087","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4089,"post_author":"1","post_date":"2022-03-24 22:46:11","post_date_gmt":"2022-03-24 11:46:11","post_content":"\n

Floyd \u2019Money\u2019 Mayweather has re-entered the world of cryptocurrency with the announcement of his 2nd NFT project, dubbed Mayweverse. <\/p>\n\n\n\n

The project will consist of 5 different NFTs, each NFT will have 1000 copies available to mint. Every card has its own rarity, utility, and prizes. <\/p>\n\n\n\n

Despite how good it may sounds, Twitter users were quick to criticize. Floyd was reminded<\/a> of his previous NFT project<\/a>, which made him nearly US$5 million and is now worthless. \u201cYou already have an NFT project, it\u2019s called @RealFloydNFT. You released it last year and then stopped working on it immediately after. Have you been punched in the head so much that you\u2019re forgetting these things now?\u201d<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Berke_eth\/status\/1506051809542037506\n<\/div><\/figure>\n\n\n\n

Users were quick to call his bluff<\/a>. Floyd states that he has been working on this for months, although the twitter handle @mayweverse<\/a> was created this month. <\/p>\n\n\n\n

Coffezilla, known for calling out rug pulls and scams within the industry tweeted<\/a> his thoughts on the NFT project. He states \"Floyd Mayweather is frantically deleting evidence of his last NFT scam. He's getting roasted by the investors.\" <\/p>\n\n\n\n

Will this NFT collection follow in the footsteps of his previous NFT collection and be abandoned, or will he stick by his word?<\/p>\n","post_title":"Floyd Mayweather Re-enters The World Of Crypto With \u2018Mayweverse\u2019 NFT Project","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"floyd-mayweather-re-enters-the-world-of-crypto-with-mayweverse-nft-project","to_ping":"","pinged":"","post_modified":"2022-03-24 23:37:53","post_modified_gmt":"2022-03-24 12:37:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4089","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4003,"post_author":"1","post_date":"2022-03-21 15:25:03","post_date_gmt":"2022-03-21 04:25:03","post_content":"\n

Adobe-backed creative showcase platform Behance<\/a> to showcase Solana NFTs within the platform. The addition of this feature will allow creators to earn from their designs.<\/p>\n\n\n\n

The feature is only available to creators who have a Phantom Wallet<\/a> connected to their Behance accounts, and are hosted by QuickNode<\/a>. Once this is done, creators can showcase various NFTs from the Solana blockchain on their profiles. <\/p>\n\n\n\n

Adobes Vice President, William Allen, stated that although there are features to implement Ethereum NFTs on the Behance platform already, creators may not want to use Ethereum due to the high gas fees<\/a>. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/williamallen\/status\/1500858469447917571?s=21\n<\/div><\/figure>\n\n\n\n

In turn, Allen addresses<\/a> that \u201cA single transaction on Solana uses less energy than two google searches and costs a fraction of a penny\u201d insisting that it may be a better alternative for some creators. <\/p>\n\n\n\n

\"\"<\/a>
Solanas 1 Day Price Tracker \/ Source - CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

Notes On The Collaborators <\/h2>\n\n\n\n

Phantom Wallet was quick to regard this as a \u201chuge\u201d collaboration for Solana and their emerging creator economy. The low cost and eco friendly nature of Solana will allow a larger range of artists the ability to experiment with NFTs. Allen stated<\/a> on Twitter that Solana will be added to the \u2019Content Credentials\u2019 tool in photoshop, allowing creators to publish NFTs from photoshop ensuring that the work stays their work. <\/p>\n\n\n\n

QuickNode which rented the space within the mainnet of Solana to Adobe is the leading Solana node provider, sustaining over 50% of the entire nodes on the network. No official statement has been released by the team yet. <\/p>\n","post_title":"Solana NFTs To Be Integrated Within Behance","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"solana-nfts-to-be-integrated-within-behance","to_ping":"","pinged":"","post_modified":"2023-04-11 12:51:53","post_modified_gmt":"2023-04-11 02:51:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4003","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3933,"post_author":"1","post_date":"2022-03-14 22:44:23","post_date_gmt":"2022-03-14 11:44:23","post_content":"\n

EtherRock #44, an NFT<\/a> valued at around US$1,000,000 was accidentally listed<\/a> for 444 Wei<\/a> (>US$0.0000001), rather than 444 Ether (US$1,151,000).<\/p>\n\n\n\n

Former owner Dino, posted about the unfortunate event on Twitter.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501802006364635139?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1501802006364635139%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.tronweekly.com%2F1m-worth-rock-nft-sells-for-under-a-penny%2F\n<\/div><\/figure>\n\n\n\n

The EtherRock was instantly purchased<\/a> and relisted by a bot, within the same block, with Dino requesting<\/a> an Etherscan refund. This has so far been unsuccessful. <\/p>\n\n\n\n

Although a very costly mistake, Dino has made his peace with the situation, agreeing it was more of an \"easy come, easy go\" situation. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501897330353934337\n<\/div><\/figure>\n\n\n\n

\"They say it is better to have rocked and lost rock than to have never rocked at all.\"<\/em><\/p>HiddenGnome on Twitter<\/a><\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"EtherRock Worth $1M Sold For A Fraction Of A Cent","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"etherrock-worth-1m-sold-for-a-fraction-of-a-cent","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/wei\/","post_modified":"2023-04-11 12:52:09","post_modified_gmt":"2023-04-11 02:52:09","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3933","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3890,"post_author":"1","post_date":"2022-03-13 19:50:24","post_date_gmt":"2022-03-13 08:50:24","post_content":"\n

Yuga Labs, the company behind the Bored Ape Yacht Club NFT collection, has acquired CryptoPunks and Meebits from fellow developer Larva Labs.<\/p>\n\n\n\n

A joint<\/a> announcement<\/a> was made by Larva Labs and Yuga Labs on Twitter<\/a> on Friday evening.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/yugalabs\/status\/1502420714527334406?s=20&t=IyM-KDtJPh0WaI5XPfA10A\n<\/div><\/figure>\n\n\n\n

Yuga Labs \"now own the brands, copyright in the art, and other IP rights for both collections, along with 423 CryptoPunks and 1711 Meebits\" according to their announcement. This means that they own both the 1st<\/a> and 2nd<\/a> most valuable NFT collections on the market.<\/p>\n\n\n\n

Yuga Labs plans to grant the commercial rights to all CryptoPunk and Meebit NFTs to their owners, as has been done for BAYC owners. This still means that Yuga Labs owns the collection and will \"be building the overall brand right alongside them\", but each NFT owner can monetize their specific ape.<\/p>\n\n\n\n

\"It\u2019s been amazing to watch the BAYC ecosystem use their rights to collaborate and build awesome shit we never could have dreamed up. We can\u2019t wait to see the Cryptopunks and Meebits communities do the same.<\/em>\"<\/p>Yuga Labs on Twitter<\/a><\/cite><\/blockquote>\n","post_title":"BAYC's Yuga Labs Acquires Rights To CryptoPunks And Meebits","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"baycs-yuga-labs-acquires-rights-to-cryptopunks-and-meebits","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:28","post_modified_gmt":"2022-03-14 10:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n

The fund coincides with the KuCoin Windvane NFT Marketplace which was recently launched and will \"invite 99 outstanding NFT creators to join the Windvane NFT marketplace to accelerate the growth of Web 3.0.\" states KuCoin's press release<\/a>.<\/p>\n\n\n\n

The fund will support promising NFT projects with strong teams and innovative technology to facilitate the development of NFT space and contribute to building a diverse Web 3.0 world. Windvane will openly support mainstream NFT blockchains such as ETH, BSC, and FLOW while offering their services to their \"huge user traffic\".<\/p>\n\n\n\n

The $100M \u2018Creators Fund\u2019 will support NFT creators and projects, which will further consolidate the metaverse infrastructure. Windvane would like to bridge Web 2.0 and Web 3.0 by supporting more creators to launch their NFTs or projects and creating a more integrated NFT world with a lower barrier to entry for users.<\/em><\/p>Johnny Lyu, CEO of KuCoin<\/cite><\/blockquote>\n\n\n\n

KuCoin was launched in 2017 and currently registers over $2B in daily transaction volume according to CoinMarketCap<\/a> and registered over 10 million global users<\/a> at the end of 2021.<\/p>\n","post_title":"KuCoin Launches A $100M Creator Fund For NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kucoin-launches-a-100m-creator-fund-for-nfts","to_ping":"","pinged":"","post_modified":"2022-04-19 22:36:19","post_modified_gmt":"2022-04-19 12:36:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4434","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4330,"post_author":"1","post_date":"2022-04-14 23:21:56","post_date_gmt":"2022-04-14 13:21:56","post_content":"\n

The Self-Regulatory organizations overseeing the banking and security industry within China are urging members to halt the adoption of NFTs.<\/p>\n\n\n\n

According to a report from Forkast<\/a>, self-regulatory bodies in China are urging their members to \u201cresolutely curb\u201d the \u201cfinancialization and securitization\u201d of NFTs.<\/p>\n\n\n\n

Although 3 national-level organizations believe NFTs show the potential to boost cultural industry development, risks outweigh the speculation, money laundering and illegal activities said the Chinese regulators<\/a>.<\/p>\n\n\n\n

A large publisher within China called 'The Economic Daily<\/a>' believes that \"digital collectibles\" are in urgent need of regulation<\/a>, as there is a layer of risk for domestic consumers.<\/p>\n\n\n\n

China has not yet clarified the regulations on trading NFTs within the country. \"Before the regulatory mechanism is clarified, consumers are advised to treat it calmly and participate rationally,\" states The Economic Daily.<\/p>\n\n\n\n

NFT Recognition In China<\/h2>\n\n\n\n

Multiple companies and organizations in China recognize NFTs as merely \"digital collectibles\". This comes after the denouncement of NFTs from state media. <\/p>\n\n\n\n

State media believes that \"it is not enough if digital collections are only regarded as cultural and creative commodities traded online and supervised by market supervision departments and intellectual property departments...digital collections have commodity attributes, currency attributes, securities attributes, etc., and their supervision involves multiple departments, and it is urgent to establish a joint supervision mechanism.\"<\/p>\n\n\n\n

Associations have persisted that venues to trade NFTs must not be facilitated, the same members should also stay away from investing in these assets and providing financial support for others to do so.<\/p>\n","post_title":"Chinese Regulators Want To Curb The Wave Of NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"chinese-regulators-want-to-curb-the-wave-of-nfts","to_ping":"","pinged":"","post_modified":"2022-04-14 23:22:58","post_modified_gmt":"2022-04-14 13:22:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4330","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4226,"post_author":"1","post_date":"2022-04-06 06:51:19","post_date_gmt":"2022-04-05 20:51:19","post_content":"\n

LooksRare<\/a> is the 2nd largest<\/a> NFT marketplace by volume. Although 95% of its trading volume<\/a> is coming from users selling and buying their own NFTs.<\/p>\n\n\n\n

LooksRare was launched on January 10th this year, within that time frame it has amassed over $22.5 billion in sales over 109,000 transactions according to Dune Analytics.<\/p>\n\n\n\n

NFT analytics site CryptoSlam! reported<\/a> in January that over $8 billion worth of NFT sales can be classified under wash trading. Since then, around 95% of sales on the site, or around $20B can be linked to wash trading<\/a>.<\/p>\n\n\n\n

\"\"\"\"<\/div>
LooksRare Trading Volume With<\/a> \/ Without<\/a> Wash Trading - Source: Dune Analytics<\/a><\/figcaption><\/figure>\n\n\n\n

LooksRare was launched by two anonymous developers, Zodd and Guts, in January of 2022. Since its launch, LooksRare has grown to become the biggest alternative to\u00a0the leading NFT marketplace,\u00a0OpenSea<\/a>. Despite the decline in NFT sales this year, users are still finding ways to make a quick profit, ethical or not.<\/p>\n\n\n\n

LooksRare Intentional Setup Of Wash Trading<\/h2>\n\n\n\n

LooksRare came up with a genius trading rewards model<\/a> to help grow their site. LooksRare will offer token rewards in LooksRare Token ($LOOKS<\/a>) to users who buy and sell on their platform.<\/p>\n\n\n\n

\"\"
LooksRare Historical Trading Volume - Source: DappRadar<\/a><\/figcaption><\/figure>\n\n\n\n

With this users can cheat the system. NFTs can be wash traded where the prices of the NFT would be inflated to the point that the $LOOKS reward would be enough to cover the Ethereum gas fees<\/a> and LooksRare's 2% marketplace fee. With this fact, LooksRare also provides staking rewards for users who stake $LOOKS on the platform, paid out in Wrapped Ethereum ($WETH<\/a>), this is an even larger reason for users to keep using the site.<\/p>\n\n\n\n

LooksRare is aware of the fact this is happening. They retweeted <\/a>a tweet that called these tactics \"genius\" back near their launch in January, they also did not institute any methods at their launch to deter users from buying and selling their own NFTs at inflated prices.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/LooksRareNFT\/status\/1487018639949582336?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1487018639949582336%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fdecrypt.co%2F91510%2Flooksrare-has-reportedly-generated-8b-ethereum-nft-wash-trading\n<\/div><\/figure>\n\n\n\n

\u201cIt seems that organic trading is indeed increasing in LooksRare. The difference between selling expensive NFTs like BAYC on LooksRare rather than OpenSea can become a 1-2 Ether difference that the seller saves. So it appears that the NFT community is slowly adopting other options outside the incumbent.\u201d <\/em><\/p>Pedro Herrera, Senior Data Analyst at DappRadar. <\/cite><\/blockquote>\n\n\n\n

Although this success may not be long-lived. Wash trading in other markets is considered an illegal act. Chainalysis made a point of this in a report<\/a> and recommends LooksRare to discourage the activity of wash trading. As regulators<\/a> start taking closer looks into markets, these moves which seem fine now may eventually come back to hit the users even harder.<\/p>\n","post_title":"Wash Trading Makes Up 95% Of LooksRare Trading Volume","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"wash-trading-makes-up-95-of-looksrare-trading-volume","to_ping":"","pinged":"https:\/\/blog.chainalysis.com\/reports\/2022-crypto-crime-report-preview-nft-wash-trading-money-laundering\/\nhttps:\/\/www.thedistributed.co\/gas-fees\/","post_modified":"2022-04-07 21:27:34","post_modified_gmt":"2022-04-07 11:27:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4226","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4202,"post_author":"1","post_date":"2022-04-05 21:00:49","post_date_gmt":"2022-04-05 11:00:49","post_content":"\n

The United Kingdom government has announced plans to release a non-fungible token (NFT<\/a>) project dubbed the 'Royal Mint NFT'. This announcement correlates with their plan for a \"forward-looking approach\" towards crypto assets in the UK.<\/p>\n\n\n\n

Chancellor of the Exchequer (national treasury) Rishi Sunak has asked the U.K's Royal Mint to produce an NFT in the following months prior to summer.<\/p>\n\n\n\n

Economic Secretary to the Treasury John Glen stated<\/a> in a keynote speech the Royal Mint NFT collection will be \"an emblem of the forward-looking approach we are determined to take\"<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/hmtreasury\/status\/1510971092072079360?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1510971092072079360%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thedistributed.co%2Fwp-admin%2Fpost.php%3Fpost%3D4202action%3Dedit\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the adoption of <\/a>stablecoins<\/a> by the UK government<\/a>. The UK will proactively explore the potentially transformative benefits of\u00a0Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

\"We think that by making this country a hospitable place for crypto we can attract investment, generate swathes of new jobs, and create a wave of ground-breaking new products and services. We\u2019re on the cusp of something important. We have the opportunity to shape and lead it. And that is what we\u2019ll do.<\/em>\"<\/p>John Glen, Economic Secretary to the Treasury<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"UK Government Plans The 'Royal Mint NFT'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-plans-the-royal-mint-nft","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-04-24 23:19:34","post_modified_gmt":"2022-04-24 13:19:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4202","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/wongmjane\/status\/1486077324630302721\n<\/div><\/figure>\n\n\n\n

Solana is a Layer 1<\/a> blockchain, like Ethereum. Although, Solana uses Proof-of-History<\/a> as its consensus mechanism compared to Ethereum's Proof-of-Work. This allows Solana to have a throughput of 60,000 transactions per second, compared to Ethereum's current 15 transactions per second. This would make Solana a cheaper network to use, with much lower gas fees<\/a> compared with a blockchain like Ethereum.<\/p>\n\n\n\n

Solana is up 11.23% today at a price of $124.14, with a 24-hour trading volume of $3,860,298,289 USD.<\/p>\n\n\n\n

\"Solana
Solana Price Data on 31st March - Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"OpenSea To Support Solana NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"opensea-to-support-solana-nfts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/blockchain-essentials-application-layer-protocols\/","post_modified":"2023-04-11 12:49:54","post_modified_gmt":"2023-04-11 02:49:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4175","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4087,"post_author":"1","post_date":"2022-03-24 23:37:18","post_date_gmt":"2022-03-24 12:37:18","post_content":"\n

In a\u00a0blog post<\/a>\u00a0by Loopring's head of growth, Adam Browman states that \"the GameStop NFT Marketplace has taken its first steps to welcome users, and it is built atop Loopring!\"<\/p>\n\n\n\n

Browman believes that the project \"has the potential to cement itself at the forefront of this new paradigm and become the destination for global digital economies.\" The blog post states that users can get early access to the project now to set up usernames and profiles, as well as make their first deposits.<\/p>\n\n\n\n

GameStop and NFTs<\/h2>\n\n\n\n

Rumors circulating since November\u00a0suggested that Loopring might be working with GameStop on a metaverse-related project. The Wall Street Journal\u00a0reported<\/a> in January\u00a0that GameStop was planning to build a new team focused on NFTs.<\/p>\n\n\n\n

Soon after that announcement, GameStop mentioned Immuntable X as their primary partner for the project. Despite this fact, Loopring was mentioned<\/a> at the time in an SEC filing<\/a>.<\/p>\n\n\n\n

According to an article from Decrypt<\/a>, there has been a lot of confusion on the topic and who is powering the NFT marketplace. It turns out that both Loopring and Immutable X are powering the NFT plans of GameStop. Although Immutable X tweeted<\/a> in a thread how they are the \"preferred partner\".<\/p>\n\n\n\n

Immutable mentioned the Loopring integration \u201cwas not a surprise (and we welcome them!).\" The marketplace will act as an aggregator across NFT minting platforms. Although, it appears that Immutable X will receive the most focus on the marketplace being the \"preferred partner\".<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Immutable\/status\/1506596126677295108\n<\/div><\/figure>\n\n\n\n

Since the announcement, $LRC<\/a>, the native token of Layer 2 blockchain<\/a> Loopring has soared over 35% to a high of $1.21. Although it is now trading steadily at $1.09. Loopring is currently sitting at a market cap of US$1.46 billion, according to data from CoinMarketCap.<\/p>\n\n\n\n

$IMX<\/a>, the token on the Immutable X blockchain is down 8.9% in the past 24 hours, trading at $2.19, according to data from CoinMarketCap.<\/p>\n\n\n\n

The other company in the mix, GameStop also had a huge day seeing a 14.5% gain to $141 in GME<\/a> stocks. Over 24 million GME shares were traded today alone. <\/p>\n","post_title":"GameStop NFT Marketplace Has Entered Beta, Integrated With Loopring","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"gamestop-nft-marketplace-has-entered-beta-integrated-with-loopring","to_ping":"","pinged":"","post_modified":"2022-03-24 23:37:42","post_modified_gmt":"2022-03-24 12:37:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4087","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4089,"post_author":"1","post_date":"2022-03-24 22:46:11","post_date_gmt":"2022-03-24 11:46:11","post_content":"\n

Floyd \u2019Money\u2019 Mayweather has re-entered the world of cryptocurrency with the announcement of his 2nd NFT project, dubbed Mayweverse. <\/p>\n\n\n\n

The project will consist of 5 different NFTs, each NFT will have 1000 copies available to mint. Every card has its own rarity, utility, and prizes. <\/p>\n\n\n\n

Despite how good it may sounds, Twitter users were quick to criticize. Floyd was reminded<\/a> of his previous NFT project<\/a>, which made him nearly US$5 million and is now worthless. \u201cYou already have an NFT project, it\u2019s called @RealFloydNFT. You released it last year and then stopped working on it immediately after. Have you been punched in the head so much that you\u2019re forgetting these things now?\u201d<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Berke_eth\/status\/1506051809542037506\n<\/div><\/figure>\n\n\n\n

Users were quick to call his bluff<\/a>. Floyd states that he has been working on this for months, although the twitter handle @mayweverse<\/a> was created this month. <\/p>\n\n\n\n

Coffezilla, known for calling out rug pulls and scams within the industry tweeted<\/a> his thoughts on the NFT project. He states \"Floyd Mayweather is frantically deleting evidence of his last NFT scam. He's getting roasted by the investors.\" <\/p>\n\n\n\n

Will this NFT collection follow in the footsteps of his previous NFT collection and be abandoned, or will he stick by his word?<\/p>\n","post_title":"Floyd Mayweather Re-enters The World Of Crypto With \u2018Mayweverse\u2019 NFT Project","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"floyd-mayweather-re-enters-the-world-of-crypto-with-mayweverse-nft-project","to_ping":"","pinged":"","post_modified":"2022-03-24 23:37:53","post_modified_gmt":"2022-03-24 12:37:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4089","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4003,"post_author":"1","post_date":"2022-03-21 15:25:03","post_date_gmt":"2022-03-21 04:25:03","post_content":"\n

Adobe-backed creative showcase platform Behance<\/a> to showcase Solana NFTs within the platform. The addition of this feature will allow creators to earn from their designs.<\/p>\n\n\n\n

The feature is only available to creators who have a Phantom Wallet<\/a> connected to their Behance accounts, and are hosted by QuickNode<\/a>. Once this is done, creators can showcase various NFTs from the Solana blockchain on their profiles. <\/p>\n\n\n\n

Adobes Vice President, William Allen, stated that although there are features to implement Ethereum NFTs on the Behance platform already, creators may not want to use Ethereum due to the high gas fees<\/a>. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/williamallen\/status\/1500858469447917571?s=21\n<\/div><\/figure>\n\n\n\n

In turn, Allen addresses<\/a> that \u201cA single transaction on Solana uses less energy than two google searches and costs a fraction of a penny\u201d insisting that it may be a better alternative for some creators. <\/p>\n\n\n\n

\"\"<\/a>
Solanas 1 Day Price Tracker \/ Source - CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

Notes On The Collaborators <\/h2>\n\n\n\n

Phantom Wallet was quick to regard this as a \u201chuge\u201d collaboration for Solana and their emerging creator economy. The low cost and eco friendly nature of Solana will allow a larger range of artists the ability to experiment with NFTs. Allen stated<\/a> on Twitter that Solana will be added to the \u2019Content Credentials\u2019 tool in photoshop, allowing creators to publish NFTs from photoshop ensuring that the work stays their work. <\/p>\n\n\n\n

QuickNode which rented the space within the mainnet of Solana to Adobe is the leading Solana node provider, sustaining over 50% of the entire nodes on the network. No official statement has been released by the team yet. <\/p>\n","post_title":"Solana NFTs To Be Integrated Within Behance","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"solana-nfts-to-be-integrated-within-behance","to_ping":"","pinged":"","post_modified":"2023-04-11 12:51:53","post_modified_gmt":"2023-04-11 02:51:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4003","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3933,"post_author":"1","post_date":"2022-03-14 22:44:23","post_date_gmt":"2022-03-14 11:44:23","post_content":"\n

EtherRock #44, an NFT<\/a> valued at around US$1,000,000 was accidentally listed<\/a> for 444 Wei<\/a> (>US$0.0000001), rather than 444 Ether (US$1,151,000).<\/p>\n\n\n\n

Former owner Dino, posted about the unfortunate event on Twitter.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501802006364635139?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1501802006364635139%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.tronweekly.com%2F1m-worth-rock-nft-sells-for-under-a-penny%2F\n<\/div><\/figure>\n\n\n\n

The EtherRock was instantly purchased<\/a> and relisted by a bot, within the same block, with Dino requesting<\/a> an Etherscan refund. This has so far been unsuccessful. <\/p>\n\n\n\n

Although a very costly mistake, Dino has made his peace with the situation, agreeing it was more of an \"easy come, easy go\" situation. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501897330353934337\n<\/div><\/figure>\n\n\n\n

\"They say it is better to have rocked and lost rock than to have never rocked at all.\"<\/em><\/p>HiddenGnome on Twitter<\/a><\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"EtherRock Worth $1M Sold For A Fraction Of A Cent","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"etherrock-worth-1m-sold-for-a-fraction-of-a-cent","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/wei\/","post_modified":"2023-04-11 12:52:09","post_modified_gmt":"2023-04-11 02:52:09","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3933","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3890,"post_author":"1","post_date":"2022-03-13 19:50:24","post_date_gmt":"2022-03-13 08:50:24","post_content":"\n

Yuga Labs, the company behind the Bored Ape Yacht Club NFT collection, has acquired CryptoPunks and Meebits from fellow developer Larva Labs.<\/p>\n\n\n\n

A joint<\/a> announcement<\/a> was made by Larva Labs and Yuga Labs on Twitter<\/a> on Friday evening.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/yugalabs\/status\/1502420714527334406?s=20&t=IyM-KDtJPh0WaI5XPfA10A\n<\/div><\/figure>\n\n\n\n

Yuga Labs \"now own the brands, copyright in the art, and other IP rights for both collections, along with 423 CryptoPunks and 1711 Meebits\" according to their announcement. This means that they own both the 1st<\/a> and 2nd<\/a> most valuable NFT collections on the market.<\/p>\n\n\n\n

Yuga Labs plans to grant the commercial rights to all CryptoPunk and Meebit NFTs to their owners, as has been done for BAYC owners. This still means that Yuga Labs owns the collection and will \"be building the overall brand right alongside them\", but each NFT owner can monetize their specific ape.<\/p>\n\n\n\n

\"It\u2019s been amazing to watch the BAYC ecosystem use their rights to collaborate and build awesome shit we never could have dreamed up. We can\u2019t wait to see the Cryptopunks and Meebits communities do the same.<\/em>\"<\/p>Yuga Labs on Twitter<\/a><\/cite><\/blockquote>\n","post_title":"BAYC's Yuga Labs Acquires Rights To CryptoPunks And Meebits","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"baycs-yuga-labs-acquires-rights-to-cryptopunks-and-meebits","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:28","post_modified_gmt":"2022-03-14 10:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n

Singapore-based cryptocurrency exchange KuCoin<\/a> has announced the launch of a $100M creator fund to support and incubate the growth of early-stage NFT projects from arts to sports.<\/p>\n\n\n\n

The fund coincides with the KuCoin Windvane NFT Marketplace which was recently launched and will \"invite 99 outstanding NFT creators to join the Windvane NFT marketplace to accelerate the growth of Web 3.0.\" states KuCoin's press release<\/a>.<\/p>\n\n\n\n

The fund will support promising NFT projects with strong teams and innovative technology to facilitate the development of NFT space and contribute to building a diverse Web 3.0 world. Windvane will openly support mainstream NFT blockchains such as ETH, BSC, and FLOW while offering their services to their \"huge user traffic\".<\/p>\n\n\n\n

The $100M \u2018Creators Fund\u2019 will support NFT creators and projects, which will further consolidate the metaverse infrastructure. Windvane would like to bridge Web 2.0 and Web 3.0 by supporting more creators to launch their NFTs or projects and creating a more integrated NFT world with a lower barrier to entry for users.<\/em><\/p>Johnny Lyu, CEO of KuCoin<\/cite><\/blockquote>\n\n\n\n

KuCoin was launched in 2017 and currently registers over $2B in daily transaction volume according to CoinMarketCap<\/a> and registered over 10 million global users<\/a> at the end of 2021.<\/p>\n","post_title":"KuCoin Launches A $100M Creator Fund For NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kucoin-launches-a-100m-creator-fund-for-nfts","to_ping":"","pinged":"","post_modified":"2022-04-19 22:36:19","post_modified_gmt":"2022-04-19 12:36:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4434","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4330,"post_author":"1","post_date":"2022-04-14 23:21:56","post_date_gmt":"2022-04-14 13:21:56","post_content":"\n

The Self-Regulatory organizations overseeing the banking and security industry within China are urging members to halt the adoption of NFTs.<\/p>\n\n\n\n

According to a report from Forkast<\/a>, self-regulatory bodies in China are urging their members to \u201cresolutely curb\u201d the \u201cfinancialization and securitization\u201d of NFTs.<\/p>\n\n\n\n

Although 3 national-level organizations believe NFTs show the potential to boost cultural industry development, risks outweigh the speculation, money laundering and illegal activities said the Chinese regulators<\/a>.<\/p>\n\n\n\n

A large publisher within China called 'The Economic Daily<\/a>' believes that \"digital collectibles\" are in urgent need of regulation<\/a>, as there is a layer of risk for domestic consumers.<\/p>\n\n\n\n

China has not yet clarified the regulations on trading NFTs within the country. \"Before the regulatory mechanism is clarified, consumers are advised to treat it calmly and participate rationally,\" states The Economic Daily.<\/p>\n\n\n\n

NFT Recognition In China<\/h2>\n\n\n\n

Multiple companies and organizations in China recognize NFTs as merely \"digital collectibles\". This comes after the denouncement of NFTs from state media. <\/p>\n\n\n\n

State media believes that \"it is not enough if digital collections are only regarded as cultural and creative commodities traded online and supervised by market supervision departments and intellectual property departments...digital collections have commodity attributes, currency attributes, securities attributes, etc., and their supervision involves multiple departments, and it is urgent to establish a joint supervision mechanism.\"<\/p>\n\n\n\n

Associations have persisted that venues to trade NFTs must not be facilitated, the same members should also stay away from investing in these assets and providing financial support for others to do so.<\/p>\n","post_title":"Chinese Regulators Want To Curb The Wave Of NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"chinese-regulators-want-to-curb-the-wave-of-nfts","to_ping":"","pinged":"","post_modified":"2022-04-14 23:22:58","post_modified_gmt":"2022-04-14 13:22:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4330","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4226,"post_author":"1","post_date":"2022-04-06 06:51:19","post_date_gmt":"2022-04-05 20:51:19","post_content":"\n

LooksRare<\/a> is the 2nd largest<\/a> NFT marketplace by volume. Although 95% of its trading volume<\/a> is coming from users selling and buying their own NFTs.<\/p>\n\n\n\n

LooksRare was launched on January 10th this year, within that time frame it has amassed over $22.5 billion in sales over 109,000 transactions according to Dune Analytics.<\/p>\n\n\n\n

NFT analytics site CryptoSlam! reported<\/a> in January that over $8 billion worth of NFT sales can be classified under wash trading. Since then, around 95% of sales on the site, or around $20B can be linked to wash trading<\/a>.<\/p>\n\n\n\n

\"\"\"\"<\/div>
LooksRare Trading Volume With<\/a> \/ Without<\/a> Wash Trading - Source: Dune Analytics<\/a><\/figcaption><\/figure>\n\n\n\n

LooksRare was launched by two anonymous developers, Zodd and Guts, in January of 2022. Since its launch, LooksRare has grown to become the biggest alternative to\u00a0the leading NFT marketplace,\u00a0OpenSea<\/a>. Despite the decline in NFT sales this year, users are still finding ways to make a quick profit, ethical or not.<\/p>\n\n\n\n

LooksRare Intentional Setup Of Wash Trading<\/h2>\n\n\n\n

LooksRare came up with a genius trading rewards model<\/a> to help grow their site. LooksRare will offer token rewards in LooksRare Token ($LOOKS<\/a>) to users who buy and sell on their platform.<\/p>\n\n\n\n

\"\"
LooksRare Historical Trading Volume - Source: DappRadar<\/a><\/figcaption><\/figure>\n\n\n\n

With this users can cheat the system. NFTs can be wash traded where the prices of the NFT would be inflated to the point that the $LOOKS reward would be enough to cover the Ethereum gas fees<\/a> and LooksRare's 2% marketplace fee. With this fact, LooksRare also provides staking rewards for users who stake $LOOKS on the platform, paid out in Wrapped Ethereum ($WETH<\/a>), this is an even larger reason for users to keep using the site.<\/p>\n\n\n\n

LooksRare is aware of the fact this is happening. They retweeted <\/a>a tweet that called these tactics \"genius\" back near their launch in January, they also did not institute any methods at their launch to deter users from buying and selling their own NFTs at inflated prices.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/LooksRareNFT\/status\/1487018639949582336?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1487018639949582336%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fdecrypt.co%2F91510%2Flooksrare-has-reportedly-generated-8b-ethereum-nft-wash-trading\n<\/div><\/figure>\n\n\n\n

\u201cIt seems that organic trading is indeed increasing in LooksRare. The difference between selling expensive NFTs like BAYC on LooksRare rather than OpenSea can become a 1-2 Ether difference that the seller saves. So it appears that the NFT community is slowly adopting other options outside the incumbent.\u201d <\/em><\/p>Pedro Herrera, Senior Data Analyst at DappRadar. <\/cite><\/blockquote>\n\n\n\n

Although this success may not be long-lived. Wash trading in other markets is considered an illegal act. Chainalysis made a point of this in a report<\/a> and recommends LooksRare to discourage the activity of wash trading. As regulators<\/a> start taking closer looks into markets, these moves which seem fine now may eventually come back to hit the users even harder.<\/p>\n","post_title":"Wash Trading Makes Up 95% Of LooksRare Trading Volume","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"wash-trading-makes-up-95-of-looksrare-trading-volume","to_ping":"","pinged":"https:\/\/blog.chainalysis.com\/reports\/2022-crypto-crime-report-preview-nft-wash-trading-money-laundering\/\nhttps:\/\/www.thedistributed.co\/gas-fees\/","post_modified":"2022-04-07 21:27:34","post_modified_gmt":"2022-04-07 11:27:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4226","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4202,"post_author":"1","post_date":"2022-04-05 21:00:49","post_date_gmt":"2022-04-05 11:00:49","post_content":"\n

The United Kingdom government has announced plans to release a non-fungible token (NFT<\/a>) project dubbed the 'Royal Mint NFT'. This announcement correlates with their plan for a \"forward-looking approach\" towards crypto assets in the UK.<\/p>\n\n\n\n

Chancellor of the Exchequer (national treasury) Rishi Sunak has asked the U.K's Royal Mint to produce an NFT in the following months prior to summer.<\/p>\n\n\n\n

Economic Secretary to the Treasury John Glen stated<\/a> in a keynote speech the Royal Mint NFT collection will be \"an emblem of the forward-looking approach we are determined to take\"<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/hmtreasury\/status\/1510971092072079360?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1510971092072079360%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thedistributed.co%2Fwp-admin%2Fpost.php%3Fpost%3D4202action%3Dedit\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the adoption of <\/a>stablecoins<\/a> by the UK government<\/a>. The UK will proactively explore the potentially transformative benefits of\u00a0Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

\"We think that by making this country a hospitable place for crypto we can attract investment, generate swathes of new jobs, and create a wave of ground-breaking new products and services. We\u2019re on the cusp of something important. We have the opportunity to shape and lead it. And that is what we\u2019ll do.<\/em>\"<\/p>John Glen, Economic Secretary to the Treasury<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"UK Government Plans The 'Royal Mint NFT'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-plans-the-royal-mint-nft","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-04-24 23:19:34","post_modified_gmt":"2022-04-24 13:19:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4202","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/wongmjane\/status\/1486077324630302721\n<\/div><\/figure>\n\n\n\n

Solana is a Layer 1<\/a> blockchain, like Ethereum. Although, Solana uses Proof-of-History<\/a> as its consensus mechanism compared to Ethereum's Proof-of-Work. This allows Solana to have a throughput of 60,000 transactions per second, compared to Ethereum's current 15 transactions per second. This would make Solana a cheaper network to use, with much lower gas fees<\/a> compared with a blockchain like Ethereum.<\/p>\n\n\n\n

Solana is up 11.23% today at a price of $124.14, with a 24-hour trading volume of $3,860,298,289 USD.<\/p>\n\n\n\n

\"Solana
Solana Price Data on 31st March - Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"OpenSea To Support Solana NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"opensea-to-support-solana-nfts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/blockchain-essentials-application-layer-protocols\/","post_modified":"2023-04-11 12:49:54","post_modified_gmt":"2023-04-11 02:49:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4175","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4087,"post_author":"1","post_date":"2022-03-24 23:37:18","post_date_gmt":"2022-03-24 12:37:18","post_content":"\n

In a\u00a0blog post<\/a>\u00a0by Loopring's head of growth, Adam Browman states that \"the GameStop NFT Marketplace has taken its first steps to welcome users, and it is built atop Loopring!\"<\/p>\n\n\n\n

Browman believes that the project \"has the potential to cement itself at the forefront of this new paradigm and become the destination for global digital economies.\" The blog post states that users can get early access to the project now to set up usernames and profiles, as well as make their first deposits.<\/p>\n\n\n\n

GameStop and NFTs<\/h2>\n\n\n\n

Rumors circulating since November\u00a0suggested that Loopring might be working with GameStop on a metaverse-related project. The Wall Street Journal\u00a0reported<\/a> in January\u00a0that GameStop was planning to build a new team focused on NFTs.<\/p>\n\n\n\n

Soon after that announcement, GameStop mentioned Immuntable X as their primary partner for the project. Despite this fact, Loopring was mentioned<\/a> at the time in an SEC filing<\/a>.<\/p>\n\n\n\n

According to an article from Decrypt<\/a>, there has been a lot of confusion on the topic and who is powering the NFT marketplace. It turns out that both Loopring and Immutable X are powering the NFT plans of GameStop. Although Immutable X tweeted<\/a> in a thread how they are the \"preferred partner\".<\/p>\n\n\n\n

Immutable mentioned the Loopring integration \u201cwas not a surprise (and we welcome them!).\" The marketplace will act as an aggregator across NFT minting platforms. Although, it appears that Immutable X will receive the most focus on the marketplace being the \"preferred partner\".<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Immutable\/status\/1506596126677295108\n<\/div><\/figure>\n\n\n\n

Since the announcement, $LRC<\/a>, the native token of Layer 2 blockchain<\/a> Loopring has soared over 35% to a high of $1.21. Although it is now trading steadily at $1.09. Loopring is currently sitting at a market cap of US$1.46 billion, according to data from CoinMarketCap.<\/p>\n\n\n\n

$IMX<\/a>, the token on the Immutable X blockchain is down 8.9% in the past 24 hours, trading at $2.19, according to data from CoinMarketCap.<\/p>\n\n\n\n

The other company in the mix, GameStop also had a huge day seeing a 14.5% gain to $141 in GME<\/a> stocks. Over 24 million GME shares were traded today alone. <\/p>\n","post_title":"GameStop NFT Marketplace Has Entered Beta, Integrated With Loopring","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"gamestop-nft-marketplace-has-entered-beta-integrated-with-loopring","to_ping":"","pinged":"","post_modified":"2022-03-24 23:37:42","post_modified_gmt":"2022-03-24 12:37:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4087","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4089,"post_author":"1","post_date":"2022-03-24 22:46:11","post_date_gmt":"2022-03-24 11:46:11","post_content":"\n

Floyd \u2019Money\u2019 Mayweather has re-entered the world of cryptocurrency with the announcement of his 2nd NFT project, dubbed Mayweverse. <\/p>\n\n\n\n

The project will consist of 5 different NFTs, each NFT will have 1000 copies available to mint. Every card has its own rarity, utility, and prizes. <\/p>\n\n\n\n

Despite how good it may sounds, Twitter users were quick to criticize. Floyd was reminded<\/a> of his previous NFT project<\/a>, which made him nearly US$5 million and is now worthless. \u201cYou already have an NFT project, it\u2019s called @RealFloydNFT. You released it last year and then stopped working on it immediately after. Have you been punched in the head so much that you\u2019re forgetting these things now?\u201d<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Berke_eth\/status\/1506051809542037506\n<\/div><\/figure>\n\n\n\n

Users were quick to call his bluff<\/a>. Floyd states that he has been working on this for months, although the twitter handle @mayweverse<\/a> was created this month. <\/p>\n\n\n\n

Coffezilla, known for calling out rug pulls and scams within the industry tweeted<\/a> his thoughts on the NFT project. He states \"Floyd Mayweather is frantically deleting evidence of his last NFT scam. He's getting roasted by the investors.\" <\/p>\n\n\n\n

Will this NFT collection follow in the footsteps of his previous NFT collection and be abandoned, or will he stick by his word?<\/p>\n","post_title":"Floyd Mayweather Re-enters The World Of Crypto With \u2018Mayweverse\u2019 NFT Project","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"floyd-mayweather-re-enters-the-world-of-crypto-with-mayweverse-nft-project","to_ping":"","pinged":"","post_modified":"2022-03-24 23:37:53","post_modified_gmt":"2022-03-24 12:37:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4089","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4003,"post_author":"1","post_date":"2022-03-21 15:25:03","post_date_gmt":"2022-03-21 04:25:03","post_content":"\n

Adobe-backed creative showcase platform Behance<\/a> to showcase Solana NFTs within the platform. The addition of this feature will allow creators to earn from their designs.<\/p>\n\n\n\n

The feature is only available to creators who have a Phantom Wallet<\/a> connected to their Behance accounts, and are hosted by QuickNode<\/a>. Once this is done, creators can showcase various NFTs from the Solana blockchain on their profiles. <\/p>\n\n\n\n

Adobes Vice President, William Allen, stated that although there are features to implement Ethereum NFTs on the Behance platform already, creators may not want to use Ethereum due to the high gas fees<\/a>. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/williamallen\/status\/1500858469447917571?s=21\n<\/div><\/figure>\n\n\n\n

In turn, Allen addresses<\/a> that \u201cA single transaction on Solana uses less energy than two google searches and costs a fraction of a penny\u201d insisting that it may be a better alternative for some creators. <\/p>\n\n\n\n

\"\"<\/a>
Solanas 1 Day Price Tracker \/ Source - CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

Notes On The Collaborators <\/h2>\n\n\n\n

Phantom Wallet was quick to regard this as a \u201chuge\u201d collaboration for Solana and their emerging creator economy. The low cost and eco friendly nature of Solana will allow a larger range of artists the ability to experiment with NFTs. Allen stated<\/a> on Twitter that Solana will be added to the \u2019Content Credentials\u2019 tool in photoshop, allowing creators to publish NFTs from photoshop ensuring that the work stays their work. <\/p>\n\n\n\n

QuickNode which rented the space within the mainnet of Solana to Adobe is the leading Solana node provider, sustaining over 50% of the entire nodes on the network. No official statement has been released by the team yet. <\/p>\n","post_title":"Solana NFTs To Be Integrated Within Behance","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"solana-nfts-to-be-integrated-within-behance","to_ping":"","pinged":"","post_modified":"2023-04-11 12:51:53","post_modified_gmt":"2023-04-11 02:51:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4003","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3933,"post_author":"1","post_date":"2022-03-14 22:44:23","post_date_gmt":"2022-03-14 11:44:23","post_content":"\n

EtherRock #44, an NFT<\/a> valued at around US$1,000,000 was accidentally listed<\/a> for 444 Wei<\/a> (>US$0.0000001), rather than 444 Ether (US$1,151,000).<\/p>\n\n\n\n

Former owner Dino, posted about the unfortunate event on Twitter.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501802006364635139?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1501802006364635139%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.tronweekly.com%2F1m-worth-rock-nft-sells-for-under-a-penny%2F\n<\/div><\/figure>\n\n\n\n

The EtherRock was instantly purchased<\/a> and relisted by a bot, within the same block, with Dino requesting<\/a> an Etherscan refund. This has so far been unsuccessful. <\/p>\n\n\n\n

Although a very costly mistake, Dino has made his peace with the situation, agreeing it was more of an \"easy come, easy go\" situation. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/dino_dealer\/status\/1501897330353934337\n<\/div><\/figure>\n\n\n\n

\"They say it is better to have rocked and lost rock than to have never rocked at all.\"<\/em><\/p>HiddenGnome on Twitter<\/a><\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"EtherRock Worth $1M Sold For A Fraction Of A Cent","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"etherrock-worth-1m-sold-for-a-fraction-of-a-cent","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/wei\/","post_modified":"2023-04-11 12:52:09","post_modified_gmt":"2023-04-11 02:52:09","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3933","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3890,"post_author":"1","post_date":"2022-03-13 19:50:24","post_date_gmt":"2022-03-13 08:50:24","post_content":"\n

Yuga Labs, the company behind the Bored Ape Yacht Club NFT collection, has acquired CryptoPunks and Meebits from fellow developer Larva Labs.<\/p>\n\n\n\n

A joint<\/a> announcement<\/a> was made by Larva Labs and Yuga Labs on Twitter<\/a> on Friday evening.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/yugalabs\/status\/1502420714527334406?s=20&t=IyM-KDtJPh0WaI5XPfA10A\n<\/div><\/figure>\n\n\n\n

Yuga Labs \"now own the brands, copyright in the art, and other IP rights for both collections, along with 423 CryptoPunks and 1711 Meebits\" according to their announcement. This means that they own both the 1st<\/a> and 2nd<\/a> most valuable NFT collections on the market.<\/p>\n\n\n\n

Yuga Labs plans to grant the commercial rights to all CryptoPunk and Meebit NFTs to their owners, as has been done for BAYC owners. This still means that Yuga Labs owns the collection and will \"be building the overall brand right alongside them\", but each NFT owner can monetize their specific ape.<\/p>\n\n\n\n

\"It\u2019s been amazing to watch the BAYC ecosystem use their rights to collaborate and build awesome shit we never could have dreamed up. We can\u2019t wait to see the Cryptopunks and Meebits communities do the same.<\/em>\"<\/p>Yuga Labs on Twitter<\/a><\/cite><\/blockquote>\n","post_title":"BAYC's Yuga Labs Acquires Rights To CryptoPunks And Meebits","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"baycs-yuga-labs-acquires-rights-to-cryptopunks-and-meebits","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:28","post_modified_gmt":"2022-03-14 10:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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