Shark Tank star Mark Cuban recently aired his thoughts on Ethereum’s upcoming “Merge” upgrade. He pointed out how Ethereum’s utility as a smart contract platform and as a deflationary asset are at odds. In an interview with Altcoin Daily on Sunday, Cuban explained that there is an inverse relationship between deflation and utilization of Ethereum. “If utilization goes up, and the value of a token goes up, then the cost to do something goes up,” he explained. “So you have…
Tag: NFT
Aloha DeFi Combines the Appreciation of NFTs with the Simplicity of Staking
Aloha DeFi combines the best features of decentralized finance with the growing ROI potential of NFTs to provide users with a unique opportunity to earn effortlessly. The network allows anyone to stake its native utility token, ALOHA. In return, they receive rare collectible NFTs. Uniquely, these NFTs also offer users more control over the platform's future developments. Aloha already sees surprising adoption. For example, users staked over 8 million ALOHA in the first 24-hours of launch. These statistics fall in…
1 year ago 356
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FD7 Launches $250 million Micro Fund For Cardano and Polkadot Projects
Dubai-based Investment firm FD7 Ventures has launched a $250 million micro-fund targeting Polkadot (DOT) and Cardano (ADA) projects. This is part of the investment firm's aim to expand its existing business portfolio. $250 million Micro Fund FD7 Ventures revealed this move in a press release on February 28, 2021. According to the report, this development was part of opening an office in Bangalore, India. FD7 wants to build a presence in Bangalore, an area widely considered the home of India's…
1 year ago 316
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15 NFT (Non-Fungible Token) Projects You Should Know About in 2021
From time immemorial, people have always loved to collect and store items they consider useful. From books, posters, stamps, Pokemon cards, games, souvenirs, etc., people have loved to collect things that resonate with their interests and passions. Imagine owning your favorite celebrity's memorabilia or a virtual gallery of digital artwork, which you can take anywhere with you. Yes! This is possible through non-fungible tokens (NFTs) on the blockchain. NFTs are a type of crypto token representing physical assets and cannot…
2 years ago 1.1 k
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AC Milan teams up with Chiliz to launch fan token for its 450M supporters
Legendary Italian football club AC Milan has teamed up with Chiliz to launch its fan token (ACM). Supporters of the club will be able to participate in the club's governance and benefit from the partnership. Fan Utility Token The AC Milan Fan Token (ACM) is a utility token that will allow the club fans to exert symbolic influence on club decisions using the Socios app. Token holders will participate in surveys, earn non-fungible tokens (NFT) or even participate in exclusive…
2 years ago 283
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5 Cryptocurrency Trends To Watch Out In 2021
The year 2020 is coming to an end, and it has been quite beneficial for the cryptocurrency industry. Despite ever-stricter regulations, Bitcoin (BTC) and altcoins have shown their strength in times of crisis, and new blockchain sectors have emerged. We take stock of upcoming trends for 2021. DeFi will consolidate to offer viable financial alternatives Decentralized finance (DeFi) has been the major story for the crypto industry in 2020. The explosion of the sector in the summer raised fears of…
2 years ago 317
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How Big Brands Adopt Blockchain Use to Boost Their Income
Whether they rule the entertainment business or the fashion industry, big brands are always looking for new ways to increase their income. Lately, they delve into blockchain technology to boost brand awareness among the younger, decentralized, and crypto-powered generation. The NBA, Formula 1, and Nike are just of the major names looking to leverage blockchain into their favor. One might think that each of these corporations has a department of developers investigating new chain solutions 24/7. However, building the bridge…
2 years ago 354
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