CoinYuppie

  • Nansen’s 7 thoughts on the NFT market outlook

    1. About the life cycle of NFT Looking at the historical NFT chart, everything has changed since August, and the NFT market has never been able to reach the sales volume and number of users in August-September last year. The NFT market has struggled all year to get back to where it was – even if it’s close, it hasn’t fully recovered. 2. The relationship between ETH price and NFT floor price The data shows that for most of 2022, the price of ETH and the floor price of NFT are…

    2022-06-23 Metaverse & NFT News
  • How did the DeFi protocols perform in this round of stress tests?

    Some mortgage loans are incapable of liquidation, and some credit loans are difficult to redeem. Recently, the prices of Bitcoin and Ethereum have continued to fall, hitting new lows in the past year. The entire crypto market has been affected, and DeFi is not immune to it. Data shows that the total amount of locked positions on the chain has dropped from $163.5 billion in early May to the current $81.8 billion. Today, Odaily Planet Daily will analyze the performance of major projects under extreme market conditions from the two sub-tracks of…

    DeFi News 2022-06-23
  • A year in El Salvador: BTC spewing from a volcano, wealth or disaster?

    El Salvador has been the arena for monetary experiments. In 2001, the U.S. dollar became the country’s only legal tender. On June 9, 2021, the Congress of El Salvador officially voted to pass the Bitcoin Act, becoming the first country in the world to declare Bitcoin as legal tender, causing a sensation in the entire crypto industry and even the traditional financial industry. It has been a year since El Salvador’s Congress passed the Bitcoin Act, during which the country has proposed a series of plans such as building a Bitcoin City,…

    News 2022-06-23
  • The new specification is released and the data market is about to be on the right track

    For a long time, the development direction of the digital collection market has been relatively vague, and now this situation is expected to change! Entering 2022, the number of digital collection platforms has skyrocketed, reaching more than 500 so far. At the same time, relevant policy norms and industry self-discipline conventions have also been released one after another. Although they have played a guiding role to a certain extent, they still need to be improved. On June 17, the inaugural meeting of the national digital cultural and creative regulatory ecological matrix…

    2022-06-23
  • Explain in detail the value source and design method of functional tokens

    A trend of X to earn is gradually being sought after by everyone. Unfortunately, the token designs of many systems are not very successful. There are many reasons for this, but one of the most important reasons is brainless coins: simply giving users tokens because they use the platform. Such designs often lead to imbalances in the economic system and use the wrong incentives to cause users to misbehave. A good token system should have the following two characteristics: Tokens are meant to incentivize the achievement of goals, not the goals themselves . Your goal can…

    News 2022-06-23
  • Tech giants such as Meta and Microsoft set up Metaverse Standard Forum, but no Apple

    Editor’s note: The concept of the Metaverse has been hot for a while. But after the boom, the industry has to face some skinny realities. Among them is the question of how to allow avatars and virtual properties to coexist across different Metaverses, which is the question of interoperability. With the establishment of the Metaverse Standards Forum, the industry has taken the first step towards solving this problem. Article from compilation. Metaverse Standards Forum Interoperability, or lack thereof, is a key issue for the nascent Metaverse industry. Now the Khronos…

    2022-06-22 Metaverse & NFT News
  • US Defense Agency Report: Blockchain is not as decentralized as you think

    According to Trail of Bits, distributed ledger technology (DLT) and blockchains including Bitcoin and Ethereum may be more vulnerable to centralization risks than initially thought. The security firm released a report on Tuesday titled “Is Blockchain Decentralized?” commissioned by the U.S. government’s Defense Advanced Research Projects Agency (DARPA). The report aims to investigate whether blockchains, including Bitcoin and Ethereum, are truly decentralized, although the report appears to focus primarily on Bitcoin. Among its main findings, the security firm found outdated bitcoin nodes, unencrypted blockchain mining pools and most unencrypted bitcoin network…

    News 2022-06-22
  • Key Points of Powell’s Hearing on the First Day: Interest Rates Need to Continue to Raise, Cryptocurrencies Need Better Regulation

    On June 22, local time, Federal Reserve Chairman Powell testified before the U.S. Senate Banking Committee on the semi-annual monetary policy report. Powell said the Fed’s fight against inflation could allow it to raise interest rates high enough to cause a recession. Here are the main takeaways from the first day of Powell’s hearing: About the rate hike: Powell: In the next few months, we will be looking for convincing evidence that inflation is falling, consistent with inflation falling back to 2%. We expect continued rate hikes to be appropriate for now. The pace…

    News 2022-06-22
  • The Metaverse narrative of the downturn in the crypto asset market has not faded

    The downturn in the crypto asset market has affected many sectors, and some lending applications on the DeFi track have experienced a liquidity crisis; the on-chain ecology of public chains such as Solana and BSC has entered a quiet stage; blue chips such as BAYC, the punk avatar Cryptopunk, and the Japanese style Azuki The price of NFT floor is also on a downward trend, and the popularity is not as good as before. In comparison, there are more and more stories of the Metaverse Track. It was reported on…

  • What will happen next in the crypto market amid a bear market?

    You have realized that you are in a bear market. You may have lost more money in the past few weeks/months than you have been in a long time. As it turns out, not only is the loss figure going up, but if it sounds like a Ponzi scheme and tweets like a brash bastard, it might really be a Ponzi scheme. When a bear market happens, everyone wants to talk about something, and the crash day of cryptocurrencies sends everyone into a panic and out of the industry. The most important…

    2022-06-22
  • Contradictory complex Web3 piracy and “open” entanglement

    All contradictions stem from too slow development. Web3 based on blockchain computing may not be as good as imagined in terms of right confirmation and data protection. In recent foreign media reports, Moti Levy, CEO of DeviantArt, the world’s largest platform for displaying and sharing various art creations (with over 70 million registered users), said that when the Web3 revolution hits, DeviantArt is also making corresponding Change, as the vanguard of the Web3 era, NFT is naturally the object of DeviantArt’s attention. At present, the platform has indexed over 400 million…

    News 2022-06-22
  • The first case of NFT infringement: where did Bigverse go wrong?

    Bigverse is a Metaverse brand integrating digital art innovation, Metaverse space creation and content ecological community creation. It supports the secondary transaction of digital collections. It is a digital art e-commerce platform with a large number of users and a rapid development in China. Bigverse claims to be “the NFT platform with the largest number of users, the most artists, and the most active transactions in China”. But at the beginning of the development of the Metaverse, this seemingly complete platform for digital collections of heads also inevitably had some…

  • Why do DAOs need better decentralized identity tools?

    To fully unlock the potential of DAO, decentralized identity tools are inseparable. This article was written before the publication of Buterin’s DeSoc paper, but it also focuses on the entanglement between web3’s anonymity, privacy, and the user’s true identity. In addition to expounding the importance of decentralized identity tools to DAO organizations, the author also introduced promising concepts and architectures such as “Soul-bound NFT”, Human Proof, Proof of Existence, and Spruce ID mentioned earlier by Buterin. DAOs are driven by communities, but who exactly make up those communities? Today, it is possible to…

    News 2022-06-22
  • Web3.0 tearing the capital circle

    Web3.0 dominates the screen, another concept is on fire. Similar to the situation when the Metaverse concept emerged, this concept was proposed more than 10 years ago, and it became popular in the era of mobile Internet when it was stuck in a growth bottleneck. Well-known institutions voted for it, investors paid attention to it, and social media discussed it. . For ordinary people, just as netizens lamented, “Every time I read this article, I read it word by word, and I am still confused.” Recently, Web3.0 directly drives the…

    News 2022-06-22
  • Web3 underlying infrastructure? Briefly analyze the reason for the interruption of CloudFlare service yesterday

    Cloudflare is a CDN and security services company listed in 2019, but on June 21, 2022 (Tuesday), its services were temporarily interrupted, affecting a large number of services and the normal operation of the platform. Including FTX, Discord, Omegle, DoorDash and many more. In this article, I will talk about what CloudFlare is, what company it is, the origin of CloudFlare and Web3, and technically explain the cause of this failure. Structure of this paper 1. Event background   What happened at the end of June 2022 (this Tuesday)? 2. What…

    2022-06-22 News
  • those BUIDLs that left the factory for Web3

    With more and more evangelists, explorers and experimental products, Web3 is moving from a vague concept to concrete. On the one hand, Web3’s infrastructure and market education have become more and more complete, and coupled with its attractive wealth effect, Web3 products such as StepN and Boring Ape have temporarily attracted a large number of users’ interest and attention; on the other hand, nearly 10 billion US dollars of venture capital Gold poured into the field of Web3, and giant companies such as Facebook and Google also followed one after…

    News 2022-06-22
  • Looking back at the beginning and end of the encrypted Lehman moment: what pulled the trigger of the serial liquidation?

    Celsius and the Three Arrows Crisis: The Lehman Moment Last week, the panic continued to spread in the market, one of the reasons was that Three Arrows Capital (3AC), one of the most active and influential VCs in the industry, was facing liquidation. 3AC is one of the largest customers of global lending, and it borrows large amounts of funds from major CeFi platforms (such as BlockFi, Genesis, Nexo, Celsius), of which Celsius is 3AC’s largest creditor. If the 3AC does collapse, the institutions that lend to the 3AC will take huge…

    2022-06-22
  • This article discusses the design of next-generation stablecoins

    impossible triangulation The Impossible Triangle has a restrictive effect on the credit currency system of sovereign countries, and it has been proven in practice. Stablecoins also have the impossible triangle and are restricted by it. Therefore, before discussing the design of the next generation of stablecoins, we need to understand the impossible triangle and establish a connection with stablecoins, so as to grasp the key to the design of stablecoins . What is the Impossible Triangle The impossible triangle was independently proposed by Mundell and Fleming between 1960 and 1963, and has been…

    2022-06-22 News
  • In the 48 yuan universe, what little idols worry about most is the general election

    “In the future, will the invoicing be raised by Siba Media or Mita Holdings”. June has a special meaning for Pho (SNH48 fans). Every June, it is the day when the official announcement of the new general election is launched, and it is also the day when the pho fans fight each other to raise funds. This year, due to a series of reasons such as the Shanghai epidemic and policy supervision, in addition to the big change in the general election rules, Pho fans also waited for another “major…

    2022-06-22 Metaverse & NFT News
  • Meta: Under the great headwind, can the Metaverse save Xiao Zha?

    A tale of headwinds and prospects Since September 2021, Meta (Facebook parent company) shares have retraced more than 50% from an all-time high of $384. Meta has been facing various headwinds, such as intense competition from a new generation of social media companies (Snap, Tiktok…), lost revenue from Apple’s new privacy policy, and the fallout from the Russian-Ukrainian conflict. In addition, Snap recently warned of low demand for online advertising due to inflation (shares fell as much as -43% on May 24) and a shift in consumption to offline marketing…

    2022-06-22 Metaverse & NFT News