WazirX (WRX) Price Soars 250% to ATH Following NFT Platform Launch

The Binance owned WazirX exchange has been enjoying record volumes recently despite the ongoing regulatory uncertainty from Indian politicians. Its native token, WRX, has skyrocketed to a new all-time high on the back of news that the company will be launching its own non-fungible token platform for Indian markets. According to local media, WazirX has … Read more

Enjin to launch Polkadot-based blockchain for NFTs

The gaming-focused blockchain platform Enjin has raised almost $19 million to develop a next-generation blockchain on Polkadot for non-fungible tokens. In a March 31 announcement, Enjin introduced Efinity, a next-generation blockchain built for NFTs on the Polkadot ecosystem. The firm raised $18.9 million to finance the new venture in a round led by Crypto.com Capital, … Read more

ConsenSys to Launch Scalable Ethereum NFT Platform Palm

As NFTs grow in popularity, more creators and users want to mint them, which can be costly if using Ethereum. Creating ERC-20 fungibles or ERC-721 non-fungibles uses gas, and as everyone is painfully aware, gas is expensive at the moment. Addressing this, ConsenSys has announced Palm, which promises 99% efficiency over current proof-of-work networks. We’ve … Read more

NFT Marketplace OpenSea Gets Huge $23 Million VC Backing

They don’t come much bigger than Andreessen Horowitz, also known as A16z, which announced that it was leading a $23 million Series A round for OpenSea, a popular NFT marketplace. According to the announcement, angel investors Ron Conway, Mark Cuban, Tim Ferriss, Belinda Johnson, Naval Ravikant, Ben Silberman, and others will be joining the funding … Read more

Christie’s First NFT Auction Drawing to Close With $9.75M Bid

The NFT artwork has been created by legendary crypto artist Beeple, aka Mike Winkelmann, over a period of 13 years, hence the title ‘EVERYDAYS: THE FIRST 5000 DAYS’. The unique work is a collage of images that Beeple has posted every day since mid-2007 and it has attracted a monumental bid of $9.75 million with … Read more

CryptoPunks NFT Index Integrated on SushiSwap as PUNK Tokens

CryptoPunks is one of the hottest things in the non-fungible token market at the moment. A new index for the pixelated characters has now been incorporated into the SushiSwap exchange. NFT interest and sales are at record levels and one of the most popular collections is CryptoPunks. These are tiny pixelated characters with unique attributes … Read more

Non-Fungible Tokens (NFTs) take the Limelight at Ethereum Conference

Non-fungible tokens have been gaining momentum over the past few months. Plenty of new projects were showcased at last week’s Ethereum Denver hackathon event. This year’s ETHDenver event ran from Feb. 5 to 12 but due to the COVID-19 pandemic, it was hosted online. This year, non-fungible tokens (NFTs) have been all the rage and … Read more

DeFi Craze Drives Stablecoin Market Cap to $20 Billion

This year’s decentralized finance (DeFi) frenzy has driven such a demand for stablecoins that their combined market capitalization now exceeds $20 billion. This is more than any other cryptocurrency aside from Bitcoin and Ethereum. The 2020 DeFi boom has resulted in huge amounts of cryptocurrency collateral flooding into protocols and yield farming liquidity pools. A … Read more

Community Token Sector Blossoms Alongside Surging NFT Market Caps

Things have moved fast in 2020 as the DeFi boom has heralded in new and easier ways of launching tokens. The latest craze is the emergence of community or social tokens which have surged in popularity alongside non-fungible tokens (NFTs) in the third quarter. A social or community token is one that is connected to … Read more