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The world experienced a cultural shift on Thursday as Snoop Dogg proclaimed to be “giving up smoke,” a radical change that crypto punters have turned into another crypto bet — but could the announcement be part of an edibles and NFT business launch? The 52-year-old rapper revealed on social media this week, “After much consideration and conversation with my family, I’ve decided to give up smoke.” “Please respect my privacy at this time.” The statement sparked speculation that Snoop Dogg might coincidentally be gearing up for a product launch ; some say for his cannabis company Leafs By Snoop, or his edibles and digital cannabis brand, Uncle Snoop’s. Snoop Dogg promoting his cannabis-infused ‘crispy flavored rings’ (via Food Dive, Tsumo Snacks). In 2022, onion-flavored and cannabis-infused ‘Snazzle Os’ hit shelves in California — the first edibles product to launch under the Uncle Snoop’s brand. The ring-shaped snacks, d...

Over the weekend, the floor price for NFT maker Yuga Labs ’ Bored Ape Yacht Club and Mutant Ape Yacht Club collections plummeted, as NFT floor price s continue to crash across the board.   The floor price for Bored Ape Yacht Club fell from 38 ether ($73,000) on Friday to less than 28 ether ($53,500) on Sunday, before recovering to 30 ether ($57,000), according to data from OpenSea.  Similarly, Mutant Ape Yacht Club fell from 7.5 ether ($14,500) on Friday to less than 5 ether ($9,400) on Sunday, before recovering to 5.4 ether ($10,300). BendDAO, a protocol that allows for loans against NFTs, currently has 27 Bored Apes and 25 Mutant Apes up for auction. Shortly before the weekend Bored Ape crash, Yuga Labs launched HV-MTL. It plans to be the new successor to Dookey Dash, where people were able to burn their Sewer Pass to receive an Evo 1 Mech that allowed them to access a new game to craft a “Forge” that other players will vote on to decide whi...

On this week’s episode of The Market Report, Cointelegraph looks at the probable causes of recent Bitcoin price action, and its market dominance reaching 50% of the total crypto market cap. In the latest episode of  The Market Report,  Cointelegraph analyst and writer Marcel Pechman explains what’s behind Bitcoin (BTC) reaching 50% crypto market dominance for the first time in two years amid Blackrock’s spot exchange-traded fund (ETF) filing, and the United States Securities and Exchange Commission’s crackdown on altcoins. According to Pechman, it must be admitted that no one expected Bitcoin to become the second-largest nonfungible token blockchain. Analysis from CryptoSlam shows that the 30-day adjusted data — excluding wash trades — was $380 million for Ether (ETH), versus $104 million on Bitcoin and $40 million on Solana (SOL). Therefore, Michael Saylor’s call for 80% market dominance depends on decentralized finance moving to the Bitcoin network. While it might sound impossible ...

Nike’s “virtual creations” will be integrated into EA Sports games in the coming months. In a major step towards mainstream gamer adoption for crypto, Nike’s nonfungible token (NFT) platform .Swoosh will soon be integrated with EA Sports games , potentially allowing Nike's virtual footwear and apparel to appear in games . In a June 1 statement, Nike said that its “virtual creations” — its way of saying NFTs — will start being incorporated into EA Sports games in the coming months, though neither Nike or Electronic Arts (EA) has revealed which game titles will include Nike’s virtual goods. And that does it for the launch of the OF1 Collection. Thank you to all of the 50K+ .SWOOSH members who participated. We'll be back tomorrow with a recap of all things OF1. Oh, and we have a special announcement coming at 8am PDT. Until tomorrow .SWOOSH fam — .SWOOSH (@dotSWOOSH) June 1, 2023 EA Sports games include FIFA — which was awarded the title of “most popular game” in 2022 — as w...

As crypto adoption grows, central banks around the world are adopting new anti-money laundering and counter-terrorism financing guidelines for financial institutions. advertisement New crypto and NFT guidelines in UAE The new guidelines set by the UAE’s central bank will come into effect within a month. These guidelines will be applicable to all licensed financial institutions, including banks, finance companies, exchange houses, payment service providers, registered hawala providers, insurance companies, agents, and brokers. Central bank’s guidelines discuss risks while dealing with crypto currencies and crypto service providers and signifies the effective implementation of legal obligations for licensed financial firms. In addition, the central bank also provides clear definitions of virtual assets, virtual asset service providers, and their business models. UAE continues to strengthen crypto regulations The Governor of the UAE C...

The popular social platform is about to hit a big milestone in terms of collectible avatar holders after launching "Reddit NFTs" in July 2022. Social platform Reddit is close to breaching 10 million holders of its collectible avatars, or “Reddit NFTs,” nearly 11 months after its launch in July 2022.  According to Dune Analytics, there are currently a total of 9,909,465 million Reddit collectible avatar holders. Around 7.7 million of these are identified as single collective avatar holders, or those that do not have multiple wallets. Reddit Collectible Avatars - Source: Reddit Reddit launched a collectible avatar marketplace on the Ethereum scaling network Polygon in July 2022. NFTs in the customizable collection have been designed by independent artists and Reddit content creators. Avatar holders surged following the collection’s launch but reached a plateau at around 3 million in November. However, there has been a big growth spurt in 2023 with the number of wallets tr...

This NFT data analytics platform harnesses the power of decentralization and active user participation to improve the NFT space. In a digital world, companies, organizations and influencers are leveraging the latest technologies and practices to get closer to their communities in a more direct way. Digital tokens and nonfungible tokens (NFTs) bring even more Features to make this happen. Blockchain-based tokens, especially NFTs, can be used to create new experiences to drive community engagement in Web3 and develop a sense of belonging. This can be a game-changer for brand managers, digital artists, influencers and any entity with an online presence. Previously, initial coin offerings (ICOs) were the first choice to build communities around blockchain projects. However, the high prevalence of scams has compromised this fundraising approach. To avoid a similar fate, the NFTs space needs to stay away from scams and price manipulation. With specialized services like bitsCrunch, NFTs ar...

The collapse of financial institutions like Silicon Valley Bank left a mark on the financial landscape. However, the cryptocurrency industry was spared and instead of slumping, it was on an uptrend. But one part of the crypto ecosystem took a major hit. Nonfungible tokens or NFTs were making headlines once again, but the fervor around the space did not seem to last too long. According to recent data, the NFT trading volumes witnessed a slump as the failure of SVB came to light. DappRadar noted that the NFT trading volumes dipped to a low of $38 million on March 12. This plummet was from a high of $68 million to $74 million on March 10. According to DappRadar, NFT trading volume has decreased by 51%, since the beginning of March, while revenues have dropped by around 16%. Source The above chart also sheds light on the daily NFT sales count that dropped by 27.9% between March 9 to March 11. Additionally, the number of “active” NFT traders on March 11 was just 11,440, the lowest si...

Smaller-scale esports organizations have started using blockchain tech for distributing prize pools, but the tech is yet to be adopted by the big tournament organizers. Small esports tournament organizers have started dabbling in blockchain tech to host tournaments and distribute prize pools. However, don’t expect to see it in the big leagues just yet, says an investor. Esports, or electronic sports, is a form of organized competition via video games. Players sometimes referred to as esports athletes usually compete for prize money either individually or as a team. Dave Harris, managing director of esports investment firm Guinevere Capital, told Cointelegraph that he has begun seeing blockchain being used in amateur gaming competitions. In his opinion, however, it will take more time before the big titles and professional tournaments will consider adopting the tech. “There are certainly a lot of places this technology can or is being used in esports, but it will take time for mass ado...

As part of the plan, Logan Paul stated that he will commit 1,000 ETH to repay disgruntled investors that want to make an exit via burning their CryptoZOO NFTs. YouTuber Logan Paul has unveiled a $1.5 million recovery plan for the people who invested in his beleaguered NFT project CryptoZoo. Announcing the move in a video shared via Twitter on Jan. 13, Paul reiterated that he is no longer looking to sue fellow YouTuber Coffeezilla for defamation over accusations he made in a critical series of videos on Paul’s NFT project. My 3-step plan for CryptoZoo, including a $1.3M rewards program for disappointed players. Thank you, @coffeebreak_YT pic.twitter.com/xFX017UHoc — Logan Paul (@LoganPaul) January 13, 2023 As such, Paul emphasized that he is instead focused on fixing CryptoZoo, delivering on the roadmap and making things right with fans and investors: “The fact is, suing Coffeezilla is not going to help Cryptozoo holders so I do need to focus my attention where it should be, w...

Trust Wallet is a secure noncustodial cryptocurrency wallet that supports multiple blockchains. A secure cryptocurrency wallet is crucial for those investing in the growing cryptocurrency market. Technically, crypto wallets are pieces of software that enable users to send and receive digital currencies, like Bitcoin (BTC), Ether (ETH) and Litecoin (LTC). Cryptocurrency wallets are typically used to store multiple coins and tokens at once. However, most wallets only support a limited number of digital currencies. These wallets can come in the form of hardware (much like a flash drive) that can be connected to the internet as needed or digital storage (like a banking app) that can be accessed on a device. To ensure security, cryptocurrency wallets store codes called private keys that need to match with a public key before the wallet owner can spend their money. Trust Wallet is an example of such a wallet.  It allows users to control and access their digital assets and provides support ...

The team had previously announced the move, but had not revealed the cash deal. The team behind y00ts and DeGods were paid $3m to move their collections off Solana and onto Polygon, according to a January 6 announcement from the company. The statement was made on Discord and copied to Twitter by Frank III, founder of the two project s. Here is a screenshot of our latest @y00tsNFT Discord announcement. pic.twitter.com/qWxjBsexv6 — Frank III (@frankdegods) January 6, 2023 The developers had previously announced on Dec. 27 that the projects would be moving to Polygon. This was widely seen as a possible death blow to the Solana network, as the network was already under pressure due to fallout from the collapsed FTX exchange. However, there was no evidence at the time that the y00ts team had received money in exchange for making the move Let’s check the temperature on #solana now that the top 2 NFT projects are leaving $SOL. Is Solana dead? — Ben Armstrong (@Bitboy_Crypto) Dec...

NFT Steez chats with Lukso co-founder Marjorie Hernandez about how Universal Profiles onboards and empowers users with digital self-sovereignty Sovereign identity has been a hot topic in blockchain and cryptocurrency, especially with the rise of the creator economy. Currently, there are two types of digital identities. One is federated and centralized whereby data is in the control of the service provider. Self-sovereign digital identity is often cited as a human right that can reclaim agency using blockchain technology, but what frameworks exist that aid in governing it? On this episode of NFT Steez met Marjorie Hernandez, the co -founder of LUKSO and The Dematerialized to discuss the state of blockchain-based identities and “Universal Profiles.” According to Hernandez, in the future, “everything will have a digital identity.” Onboarding into the digital realm should be frictionless for sovereign “Universal Profiles” During the interview, Hernandez explained the paradigm shift betw...