Get Virtual Clothes in This Shopping District in Decentraland Metaverse
Digital real estate NFT investment fund Republic Realm's Janine Yorio on launching Metajuku, a shopping district in Decentraland. It's an Ethereum-based virtual world, or metaverse, owned by its users and governed through a decentralized autonomous organization (DAO). "Metajuku is a natural evolution of the retail environment that went from 2D websites to 3D immersive retail stores that people can shop in," Yorio said.
Warhol, Dali Collection Immortalized Again as NFTs
Binance's non-fungible token (NFT) marketplace launches Thursday with Andy Warhol's "Three Self-Portraits" and Salvador Dali's "Divine Comedy: rebeget" collections. The marketplace will run primarily on the Binance smart chain but will also connect to Ethereum. "The Hash" team explores the launch and the state of NFT markets.
Ethereum’s Fee Market Upgrade Explained
The most expensive blockchain to use is Ethereum, with users paying over $5 million per day in transaction fees, compared to Bitcoin's $1.5 million. This July, Ethereum's fee market is expected to undergo a radical change known as Ethereum Improvement Proposal (EIP) 1559. CoinDesk's Christine Kim breaks down her comprehensive report on the key findings and investment implications for the upgrade.
BTC at Work on Ethereum?
With bitcoin prices retreating over the past month, crypto traders have increasingly tokenized BTC into synthetic versions compatible with the Ethereum blockchain, where they can be deposited for extra yield on decentralized finance (DeFi) platforms. “All About Bitcoin” host Christine Lee breaks down today’s Chart of the Day.
Wrapped BTC Now Holds More Than 1% of Bitcoin’s Circulating Supply
Bitcoin is getting increasingly locked on Ethereum in the form of wrapped BTC, which now holds more than 1% of bitcoin’s total circulating supply. This trend shows how savvy crypto traders are pivoting to salvage or maintain returns even as bitcoin’s price tumbled.
Survival Race of South Korean Exchanges; Ethereum Powers Digital Passports in HK
50 of 60 crypto exchanges in South Korea race to apply for Information Security Management System (ISMS), the first step to an official VASP license. ASEAN Financial Innovation Network (AFIN) and R3 to launch CBDC sandbox. Hong Kong meets Ethereum-powered COVID-19 digital passports. More on that story and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."
Dapper Labs Unveils Flow-Native Stablecoin, 'FUSD', With Other ERC-20-Like Tokens to Follow
Dapper Labs, the creator behind the Flow blockchain and NBA Top Shot, announced Thursday it would launch a Flow-native stablecoin called FUSD. This is the first token on Flow that exists similar to how ERC-20-like tokens exist on Ethereum. "The Hash" team explores the new development and what it means for the DeFi space.