Time’s NFT Launch Sends Gas Fees Spiraling
Time magazine launched a new NFT collection dubbed "TIMEPieces" Thursday, offering "unlimited access" to its website through 2023. All 4,676 tokens, each priced at 0.1 ETH tied to digital artworks, were sold in minutes. But the sale also clogged the Ethereum blockchain, with buyers spending almost four times as much on transaction fees as they did on the NFTs themselves. "The Hash" hosts react, discussing the implications for a historic American institution getting involved in the NFT space.
Coach and GQ China to Release Six NFTs on Ethereum
The launch will mark Coach’s first foray into digital tokens.
Dfinity Foundation’s Internet Computer Blockchain Brings Smart-Contract Capabilities to Bitcoin Network
Blockchain company Dfinity’s Internet Computer Protocol (ICP) is integrating with bitcoin to enable smart contracts on BTC. Following a community vote to upgrade the network, it will allow developers to let their creativity run wild in developing all manner of Web 3.0 services, already seen on Ethereum from DeFi to NFTs.
Cambrian Says Its New Bitcoin, Ethereum Trusts Will Cut Through Volatility
The California-based asset manager said the new trusts will reduce volatility through its active management strategy.
Boba Network Launches as Ethereum’s Newest Layer 2
OMG token holders can look forward to a BOBA token drop next month.
Valid Points: Are We Witnessing the Death of DeFi Tokens?
Most major DeFi tokens are losing their allure and finding themselves in a seven-month downtrend relative to ether.
Market Wrap: Bitcoin Sell-Off Deepens as Equity Volatility Rises
Analysts expect further choppiness this week as investors seek safety from risk assets.
Ernst and Young Working With Polygon, Ethereum Scaling
Big Four consulting firm Ernst and Young will use Polygon's protocol and framework to deploy its own blockchain products, enabling a future transition to public networks that will be less risky and more efficient. Ernst and Young's Paul Brody discusses what this means for its business and clients. Plus, why he's "extremely positive" about the crypto industry's increased regulatory focus, the possible impact of Ethereum's London hard fork upgrade and more.
Ether Options Market Shows Bias for Price Weakness Over 3 Months
As ether buckles, put options – offering downside protection – are drawing higher prices.
