In an interview, Do Kwon, co-founder and CEO of Terraform Labs, said that Terra’s ecosystem was built with several use cases such as savings, payments, investments and others that leverage its stablecoin assets. The previous Market Insights newsletter tackled Terra’s ecosystem growth in 2021 and how it got to hundreds of decentralized applications from just two at the beginning … [Read more...] about The bigger role of LUNA in Terra
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Axie Infinity’s Gaming Sidechain Is Bigger Than Many Major Layer 1 Blockchains by Volume: Nansen
At its peak in November, Ronin, a layer 2 product from Axie Infinity developer Sky Mavis devoted solely to the game, processed 560% more total transactions than the Ethereum blockchain, the report found. And while that figure has since retreated, the sidechain is still processing more than up-and-coming networks such as Avalanche and Fantom. Source link … [Read more...] about Axie Infinity’s Gaming Sidechain Is Bigger Than Many Major Layer 1 Blockchains by Volume: Nansen
Why Kevin O’Leary thinks NFTs could become bigger than Bitcoin
Millionaire investor and crypto proponent Kevin O'Leary thinks that the NFT sector could be worth more than Bitcoin in the future. Speaking with CNBC’s Capital Connection on Jan. 5, O'Leary — also known as Mr. Wonderful — argued that NFTs provide a greater potential to attract capital than Bitcoin due to their ability to tokenize and authenticate physical assets such as cars, … [Read more...] about Why Kevin O’Leary thinks NFTs could become bigger than Bitcoin
Will auction houses be bigger than museums in the NFT world?
2021 has been a crazy year around the NFT ecosystem, especially in the art world. One of the main catalysts was the auction of the NFT “Everydays: the First 5000 Days” by Beeple, sold for $69 million by Christie’s last March.On the other hand, in July, the Institute of Contemporary Art, Miami (ICA Miami), acquired through a gift from Eduardo Burillo CryptoPunks NFT #5293, … [Read more...] about Will auction houses be bigger than museums in the NFT world?
Cardano founder calls for calm during sell-off, saying there’s bigger things at stake
Cardano founder Charles Hoskinson once again reiterates the importance of fundamentals over short-term price action when commenting on the current market downturn.Instead of focusing on price, Hoskinson calls on those who are panicking over the sell-off to “calm down,” and “chill out,” implying there’s a bigger picture in play here.“Lately, I’ve seen an unusually high number of … [Read more...] about Cardano founder calls for calm during sell-off, saying there’s bigger things at stake