NFT marketplace Rarible temporarily cancelled orders from OpenSea and sent a series of tweets today outlining how it plans to help combat what it called “risky sale orders” on OpenSea with a new order management tool. The tool is designed to help users differentiate between their active and inactive orders to help prevent their NFTs from being mistakenly sold even if they cancel an OpenSea order by transferring the asset to another wallet. Part of Rarible’s business model is aggregating OpenSea orders on its platform. Since late Dec. 2021, OpenSea users have noticed a bug which allows assets to remain …
On Thursday morning, Acala, a decentralized finance (DeFi) protocol operating on the Polkadot (DOT) network, announced it had won the first-ever Polkadot parachain auction. Acala raised a total of 32.5 million DOT, worth roughly $1.28 billion, from 24,934 contributors via an initial coin offering (ICO) structured as a crowdloan. As the proceeds are classified as 'crypto debt,' Acala would eventually need to pay back the DOT it had solicited from investors. Users' DOTs are locked for the duration of the rental agreement for Polkadot's parallel chains up for sale. It’s a testament to the strength of @Polkadot that so many …
Major protocol upgrades are one of the most potent sources of price movement for cryptocurrency projects as community members and investors get excited about new features and traders rush in to “buy the rumor and sell the news.” One protocol that has seen its price rise to new heights this week, despite the overall bearish conditions affecting the market, is Kusama (KSM), an experimental blockchain platform and a sister chain to Polkadot’s platform. Kusama is designed to provide an interoperable and scalable framework for developers. Data from Cointelegraph Markets Pro and TradingView shows that after dropping to a low of …
On December 6th, just two days after the start of a NFT-backed “card pack” sale for their blockchain-based video game Alien Worlds, the 15-man team behind development studio Dacoco sold out of packs after having successfully raised $250,000. While a quarter million might seem like a pittance in a world where a single NFT critter can fetch six figures and more established games like The Sandbox and Decentraland routinely raise millions, for a smaller studio it’s the kind of raise that can ensure success for a project — and, according to Play To Earn editor-in-Chief Robert Hoogendoorn, the unique set …
A Japan-based blockchain platform says the country’s beloved anime industry is at an impasse. While the number of global fans for this distinctive, inimitable animation style has been growing exponentially, artists face “a harsh work environment with very little incentive.” Twilight Coin fears that, if this trend continues, it is unavoidable that both the quality and quantity of Japan’s anime culture will start to go in decline. This is why it is offering a “creator to consumer” model which enables artists to connect directly with fans and receive funding for projects that everyone is passionate about. The company believes that …
Cointelegraph once again reached out to a handful of crypto entrepreneurs regarding their experiences of starting a business in the cryptocurrency industry. In a follow-up to our previous article on “5 Don’ts for Bitcoin Startups,” here are the next six caveats that will help startups get off the ground in this volatile landscape. 1. Don’t Ignore Demand The most fundamental thing to consider when starting a business is to know whether your product or service is actually needed or whether it will be in demand sometime in the near future. This includes analyzing the market, knowing your target audience, and …
ziftrCOIN enters the final few hours of a presale round that ends tonight at midnight GMT. The sale has raised US$860,000 from individual users and VC firms, including 10x Venture Partners. Within Ziftr's retailers network the new altcoin holds a guaranteed value of US$1/coin for up to 5% of purchases when ziftrCOINs trade on the open market for less than US$1/coin. Making a strong attempt to bring stability to the altcoin world, ziftrCOIN provides a peg of US$1/coin within their retailer network. Ziftr uses the discounts they can achieve with retailers through their referral network to provide the savings needed …
Cloud mining company FracMine announced Wednesday that it will hold a crowdsale of colored coins that will then allow the company to sell hashing power at just more than 1 USD per GH/s. The crowdsale will help recoup the cost of the ASIC miners FracMine purchased, a cost that will be divided up into fractional units called FRAC shares, which will then be issued on the Coinprism colored coins platform. There are 450,000 FRAC available for purchase in this initial offering. Each FRAC costs US$1.03, and one FRAC buys a user 1 GH/s of hashing power. That 450,000 GH/s of …