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The co-founder and vice president of growth at NFT.NYC shared insights into its community-first values and ethos.

NFT.NYC, one of the largest nonfungible token events, is preparing to open its doors for a fourth year, celebrating the diversity of NFTs across 16 sectors, including art, film, sports and ticketing.

Held from June 20 to 23 in New York City, the blockbuster event will serve as a global melting pot of everybody who's anybody in the NFT world, showcasing 1,500 speakers across panels, talks, fireside chats and hundreds of pop-up events. Attendance figures are expected to soar from last year's 5,600 to over 15,000 this time around.

Cointelegraph spoke to Jodee Rich, co-founder of NFT.NYC, and Quinn Button, its vice president of growth, to hear more about their expectations for the New York event.

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The cryptocurrency exchange is accused of failing to do due diligence, among other things, after users lost large sums as a result of the depegging of stablecoins.

A class-action suit was filed against Coinbase on Thursday claiming the trading platform was negligent in its listing of the TerraUSD stablecoin and alleging that it failed to disclose its financial relationship with Terraform Labs. This is the second class-action suit outstanding against Coinbase. A suit was filed last month in connection with the depegging of GYEN in November.

Thursday’s suit alleges Coinbase was negligent for failing to conduct due diligence of Terraform Labs before it listed TerraUSD and misrepresenting TerraUSD’s risk as an algorithmic stablecoin.



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On Sunday, the decentralized finance (DeFi) sector came under scrutiny again after DeFi protocol Solend put together a spur-of-the-moment governance proposal related to one of the whale wallets at risk of liquidation.

The proposal, dubbed “SLND1 : Mitigate Risk From Whale,” was abruptly launched on Sunday without announcement and the vote closed with a 97% approval rating. The scandal comes on the heels of last week’s sudden layoffs from Coinbase and BlockFi, and the liquidation debacle of Three Arrows Capital. Adding to the melee of unexpected volatility and market sell-offs, the spur-of-the-moment alterations of a supposed decentralized autonomous organization, or DAO, show that crypto is not as “decentralized” as its users may have thought.

Details of the proposal include the whale’s wallet address and deeper information in regard to why this account was causing issues for Solend.


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So you've figured out your style in the real world, but how do you translate this to the metaverse? This "phygital" marketplace has the answer.
When it comes to NFTs, bemused skeptics are often confused as to how virtual pieces of artwork can be worth millions of dollars.
Of course, this criticism usually misses the point. You may take a photo of the Mona Lisa inside the Louvre, but it just isn't the same.
Now, a new community-owned marketplace is taking on the naysayers by offering nonfungible tokens that aren't just digital goods.
ClubRare says each of the NFTs in its collections represent ownership of a real-world authenticated collectible — and they can be brought to life in the metaverse.
The project points to industry experts who have predicted that the crossroads between physical and digital worlds is where crypto industry, especially the metaverse, are heading next.



#blockchain #nonfungible #gamefi #metafi #defi #bitcoin #playtoearn
AVAX is testing support at $14.80 and the network’s DApp use is underperforming its competitors, suggesting that the easiest path forward is down.
Avalanche (AVAX) is down 45% in 30 days and in the same time the cryptocurrencies' total market capitalization shrank by 29%.

Despite the recent downturn, this decentralized application (DApp) platform remains a top contender in the layer1 and layer2 race and it ranks high in terms of smart contract deposits and active addresses. Yet, the lackluster token price is still causing investors to rethink whether the network remains a “serious” competitor.



#blockchain #nonfungible #gamefi #metafi #defi #bitcoin #playtoearn #web30 #avax #avalanche
Earlier this week, Meta also announced it would join with other tech companies to create a Metaverse standards body.

Instagram's parent company, Meta, announced Wednesday that it will begin testing NFTs on Instagram Stories using its augmented reality platform Spark AR.

CEO Mark Zuckerberg said of the news, “We're expanding our test so more creators around the world can display their NFTs on Instagram.” The company also stated in an announcement, “Creators and collectors will be able to share their digital collectibles across Facebook and Instagram after we begin rolling out the feature on Facebook with select US creators at a later date.”
In May, Meta released digital collectibles described by the company as “a brand-new way for consumers and creators to share NFTs on Instagram.”




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The protocol promises to eliminate complexities seen with existing interoperability solutions and requires no bridges or oracles to integrate.

Layer-1 blockchain platform Wire Network announced the launch of its blockchain interoperability protocol called the Universal Polymorphic Address Protocol (UPAP).

In the Web3 ecosystem, which is nascent compared to the larger crypto market, the primary interaction occurs over digital goods and nonfungible tokens (NFTs). However, a growing number of Web3 platforms lack interoperability, which could be a huge roadblock to a seamless Web3 experience. Wire Network aims to change that with its universal wallet address protocol.




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The top 100 DeFi tokens showed signs of recovery after last week’s mayhem, and many of the these tokens registered double-digit gains.

This past week, the decentralized finance (DeFi) ecosystem tried gaining some momentum amid the bear market crash. Uniswap saw a trend reversal and overtook Ethereum regarding network fees paid. However, not all DeFi protocols were as lucky, as Bancor had to pause its “impermanent loss protection” in the wake of a hostile market.

DappRadar’s report shows that the GameFi ecosystem continues to thrive despite the current downturn in the market. Solend invalidates Solana whale wallet takeover plan with second governance vote.

#blockchain #nonfungible #gamefi #metafi #defi #bitcoin #playtoearn #web30 #uniswap
What is a metaverse?
A harbinger of the new era of digital connectivity, the metaverse combines blockchain with AI (artificial intelligence), VR (virtual reality) and AR (augmented reality), collectively known as XR (extended reality) experiences.

A metaverse is a 3D virtual world accessed through a VR headset. Users can navigate this world through their eye movements, voice commands and feedback controllers. With the headset, the user can feel the immersive world and see the metaverse in action. People interact with each other via avatars and participate in activities like gaming, shopping and more.

According to a report by Emergen Research, the metaverse market will reach across $800 billion by 2028. Applications of metaverse technology include gaming, education, commerce, government services, socializing and many more.


#blockchain #nonfungible #gamefi #metafi #defi #bitcoin #playtoearn #web30
One of Ether's on-chain indicators signals the token has entered its bottoming out phase.

Ethereum's native token, Ether (ETH), underwent a sharp relief rally after falling to $880, its lowest level in eighteen months, on June 18.

ETH price regains 30% in two days
Ether's price reached above $1,150 this June 19, marking 30%-plus gains in just two days. However, at the beginning of the new weekly session this June 20, the ETH/USD pair hinted at giving up its weekend gains, with its price plunging by almost 9% from the $1,150 high.





#blockchain #nonfungible #gamefi #metafi #defi #bitcoin #playtoearn #eth
The exploiter seems to have rejected the Harmony team’s bounty offer of $1 million to return the $100 million stolen from the Horizon Bridge token bridge.

The funds from Harmony’s Horizon Bridge have begun to move into the Tornado Cash Ethererum mixer, signaling that the attacker has no intention of accepting the $1 million bounty offered.

The decision to obfuscate the ill-gotten gains answers questions about whether the Harmony team’s offer of just 1% of the $100 million in crypto funds stolen on June 24 would be enough to convince the exploiter to return them.
A total of 18,036.3 ETH worth about $21 million was moved out of the Horizon Bridge exploiter’s primary wallet at 03:10 am ET on June 28. These funds were then divided equally three ways and sent to three different addresses in single transactions respectively, over the next 10 hours.





#blockchain #nonfungible #gamefi #metafi #defi #bitcoin #playtoearn #harmony
iToken, a secure, professional decentralized finance DeFi wallet offering enhanced financial planning services for Web3, has announced the winners of its Tesla Model 3-giveaway campaign. Four winners from Dubai, Jakarta, Hong Kong and London each received a Tesla Model 3.

Starting in May, the campaign spanned four stages, with each allocating lucky draw opportunities to eligible participants based on tasks completed. A winner was selected at each stage as the campaign attracted 76,000 users worldwide.

Looking back on the past month’s market upheaval, many users suffered notable losses from letting centralized institutions take custody of their assets instead of holding the private keys themselves. This goes against the original intent of blockchain: giving users full control of their assets.

#blockchain #nonfungible #gamefi #metafi #defi #bitcoin #playtoearn #itoken #tesla
An NFT trader pulled off a supposed tax write-off "masterclass" by booking a 74.2 ETH profit at a $52,000 loss, and print-on-demand firm Pixels.com has rolled out NFT merch support.

Popular Ethereum-based Metaverse gaming platform The Sandbox has unveiled a bridge that enables users to transfer their virtual NFT LAND and native SAND tokens over to Layer-2 network Polygon (MATIC).

While The Sandbox will live on Ethereum for the most part, the platform has emphasized that conducting SAND and LAND transactions on Polygon will result in lower gas fees, faster transaction speeds and greener interactions on the blockchain.

The firm stated via Twitter on June 29 that it is now ready to start deploying LAND on Polygon, and users will be able to receive a 10 mSAND cashback worth roughly ($10.60) on LAND ported over to the Layer 2.




#blockchain #nonfungible #gamefi #metafi #defi #bitcoin #playtoearn #itoken #eth #sand #land
Nonfungible tokens will be found under a tab on creators’ Facebook timelines in a gradual rollout starting in the United States.

Facebook will support nonfungible tokens (NFTs) with a “digital collectibles” tab on creators’ timelines to display their work. Meta technical program manager Navdeep Singh displayed screenshots of NFTs and a creator’s page Thursday on Twitter.

Instagram expanded its NFT trial from the U.S. to international users last week. The app allows NFTs minted on Ethereum and Polygon to be displayed, with other NFTs from Solana and Flow planned as well.


#blockchain #nonfungible #gamefi #metafi #defi #bitcoin #playtoearn #itoken #facebook #web30
Traders brace for fireworks in July thanks to macro triggers while BTC price action is on track for a historic monthly close below the 200-week moving average.

Bitcoin (BTC) starts a new week above $20,000 but heading for a new bearish record as a key support level remains out of reach.

After a calm weekend punctuated by a brief spike to nearly $22,000, BTC/USD is back near the closing price of June 24 for CME futures markets.

A “round trip” thus allows traders to pick up where they left off at the end of last week’s final Wall Street trading session, but what could lie in store in the coming days?

A familiar cocktail of macro threats and ongoing bearish tendencies make the current climate far from ideal for the average hodler. Despite seeing some relief last week, crypto markets continue to bear the brunt of cold feet, which have defined macro sentiment increasingly throughout 2022.



#blockchain #nonfungible #gamefi #metafi #defi #bitcoin #playtoearn #btc
Monstercat CEO Mike Darlington and Metalink founder Jake Udell chat with NFT Steez about the future of Web3 and music NFTs.

According to Mike Darlington, the CEO of Monstercat, an electronic music platform, and Jake Udell, the founder of social NFT platform Metalink, bear markets are a time to ideate and build new products. During this week's episode of NFT Steez, a bi-weekly Twitter Space hosted by Cointelegraph analysts, both Darlington and Udell agreed that the future will be bright for crypto and especially for music NFTs.

During the interview, Darlington and Udell explained the importance of researching projects with “sustainable teams” that continue to build despite the current market conditions and they encouraged investors to learn from the possibilities created at the height of the bull market.



#blockchain #nonfungible #gamefi #metafi #defi #bitcoin #playtoearn #nft
Geneva, Switzerland, June 28 – TRON user accounts have reached 100,048,526, officially breaking the 100 million ceiling, according to data from the blockchain browser TRONSCAN, as of June 25. On the same day, TRON Mainnet celebrated its 4-year anniversary since network independence.

Launched in May 2018, the mainnet of TRON is one of the three major public chains worldwide and remains committed to building the infrastructure for the decentralized internet. As a result, TRON has become one of the world's largest and longest-running blockchain platforms.



#blockchain #nonfungible #gamefi #metafi #defi #bitcoin #playtoearn #tron
While not absolutely necessary, omitting it would be misguided. “The Metaverse without blockchains would likely just advance the ball for Big Tech.”

Many are thrilled at the prospect of the Metaverse with its virtual worlds that can be used to play online games, but also to train surgeons on 3D organ models and enable students to visit recreated villages in ancient Greece astonishingly brought to life.

Many assume, too, that blockchain technology will play a key role in the Metaverse, along with other emerging technologies such as artificial intelligence (AI) and virtual reality (VR). But, is the use of blockchain really a foregone conclusion?




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Russian citizens or residents will no longer be able to access BitMEX services from the European Union after July 11, 2022.

Major cryptocurrency exchange BitMEX is working to increase compliance with the European sanctions against Russia by preparing to enforce major restrictions for its Russian users.

BitMEX is changing its restricted jurisdictions policy to be compliant with various restrictive measures of the European Union, Cointelegraph has learned.

The BitMEX crypto exchange notified a group of potentially affected users about the upcoming changes via email on Monday.

According to an email seen by Cointelegraph, Russian citizens or residents will no longer be able to access BitMEX services from the European Union after July 11, 2022. That means that such users will not be able to log into their account or access any services from the European Union, unless an “exception applies.”



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2025/07/11 23:10:34
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