Yuga Labs, Magic Eden unveil Ethereum NFT marketplace

Yuga Labs, the creators of Bored Ape Yacht Club and Magic Eden, are collaborating to launch an Ethereum NFT marketplace that will ensure creators receive their right royalties.  In a statement shared on their X platform, Magic Eden expressed enthusiasm for collaborating with Yuga Labs and their joint efforts in building an ETH marketplace. They emphasized the importance of supporting creators, as they believe that without them, web3 cannot thrive.  This partnership aims to prioritize the rights of creators by ensuring they receive their exact royalties from NFT sales. Together, they aim to strengthen the digital collectibles ecosystem by fostering creativity and innovation.  Via this collaboration, there will be an obligation where Magic Eden will be responsible for sharing a portion of secondary market sales proceeds from their NFT collections with Yuga Labs.  We‘re thrilled to announce that we’re partnering with @yugalabs to launch a new ETH marketplace by the end of the year.  This will be the first major ETH marketplace to honor creator royalties for all ETH NFT collections.  Without creators web3 can‘t exist. Here’s to supporting…   — Magic Eden ???? (@MagicEden) Nobyembre 4, 2023  Yuga Labs stance on OpenSea and royalty enforcement  Yuga Labs has recently taken a posisyon regarding OpenSea and royalty enforcement. They

2023-11-05Ethereum

Ang mga Bayarin sa Ethereum (ETH) ay Tumaas ng 30%, Babalik Ba ang Network?

Network activity on Ethereum surging, pushing fees back to high values  Larawan ng pabalat sa pamamagitan ng www.freepik.com  Disclaimer: Ang mga opinyon na ipinahayag ng aming mga manunulat ay kanilang sarili at hindi kumakatawan sa mga pananaw ng U.Today. Ang impormasyon sa pananalapi at merkado na ibinigay sa U.Today ay inilaan para sa mga layuning pang-impormasyon lamang. Ang U.Today ay hindi mananagot para sa anumang pagkalugi sa pananalapi na natamo habang nangangalakal ng mga cryptocurrencies. Magsagawa ng iyong sariling pananaliksik sa pamamagitan ng pakikipag-ugnayan sa mga eksperto sa pananalapi bago gumawa ng anumang mga desisyon sa pamumuhunan. Naniniwala kami na ang lahat ng nilalaman ay tumpak sa petsa ng paglalathala, ngunit maaaring hindi na available ang ilang partikular na alok na binanggit.  Ethereum, the blockchain giant that stands as a formidable rival to recently emerged Solana, has seen its transaction fees soar by an impressive 30%. This sudden increase has left many wondering: Is the Ethereum network experiencing a pagpapanibagong-buhay?  Behind this surge lies a whirlwind of network and development activity. Ethereum‘s ecosystem, known for its flexibility and adaptability, is currently brimming with developers and innovators. The 30% uptick in trading fees is not just a random fluctuation; it’s a direct reflection of the

2023-11-05Ethereum

Nangungunang Mga Kaganapan sa Crypto na Panoorin Sa Susunod na Linggo: Ang Talakayan ni Ripple Sa SEC, Ang Bitcoins $40K Goal Grab Attention

In the past week, the market has been impacted by significant events such as the Federal Open Market Committee (FOMC) meeting, the decision to maintain current interest rates, and the conviction of Sam Bankman-Fried (SBF) on fraud charges. During these developments, Bitcoin (BTC) managed to reach the $36,000 mark, raising chances for further increases. Consequently, traders are hopeful for a rally to $40,000 in the coming week, coinciding with Ripples ongoing legal negotiations with the Securities and Exchange Commission (SEC).  Crucial Developments To Watch Next Week  The upcoming week seems less eventful due to a lighter schedule of activities. Nonetheless, the market could still experience some volatility as traders anticipate significant developments from Ripples upcoming meeting with the SEC.  Ripples Meeting With The SEC  The crypto community is preparing for DC Fintech Week, kicking off on November 6, featuring Ripple CEO Brad Garlinghouse and SEC Chair Gary Gensler as marquee speakers.  This development has sparked excitement and expectation for the stimulating exchanges and dialogues anticipated at the 2023 DC Fintech Week. Given Ripples ongoing lawsuit with the SEC regarding the classification of XRP as a security, supporters are looking forward to potentially intense debates and insider insights next week, impacting XRP price.  The announcement that Ripple

2023-11-05Industriya

Mga Slide ng Presyo ng $MEME Token Kasunod ng Binance Listing Ngunit Iniisip ng mga Mangangalakal na Ang Meme Kombat ay Maaaring Isang Mas Mabuting Pamumuhunan

However, launch pool investors saw the excitement building as an opportunity to sell into late buyers, creating a 20% selloff after it went live for trading.  While its future price remains to be seen, a $50 million market cap would equate to over 75% downside from its current price.  Given its already significant valuation, this likely means that traders may be better poised to look elsewhere for the next meme coin to explode.  For instance, new project Meme Kombat is in its early stage presale, having raised $1.1 million but already capturing significant backing from high-profile traders.  Meme Kombat Offers 112% Staking APY and Boasts 10x Predictions After Raising $1.1M  Meme Kombat is a multi-purpose meme coin. On the one hand, it benefits from the viral, community-centric allure of meme coins, while on the other, it is a cutting-edge, utility-driven GambleFi project.  Users can battle with infamous meme characters and gamble on the outcome using the $MK token. There are several sophisticated betting mechanisms, and users can partake in multiplayer and player vs game modes. It also leverages traditional odds mechanics for a fair and compelling gambling experience.  Yet, while it pushes ahead on the GambleFi front, it also rivals market leaders with its flawless social media

2023-11-05Industriya

Bumaba ang WTI matapos mabigo ang data ng US, humina ang tensyon sa Gitnang Silangan

Balita ng Ethereum ng Bitcoin  The WTI barrel price declined by more than 2% to $80.70.  The US reported soft labor market figures.  Tensions in the Middle East are easing, favouring the price to decline.  At the end of the week, the West Texas Intermediate (WTI) barrel is seeing sharp losses, mainly due to worries on the US economy, the largest Oil consumer, after the release of weak labor and economic activity data. In addition, as the Middle East tensions ease, markets are confident that there wont be any supply or demand disruptions also contributing to the downward movements.  The US Bureau of Labor Statistics revealed disappointing numbers, as job additions for October from the US economy fell short of expectations at 150,000 vs the 180,000 expected and decelerated from its revised previous figure of 297,000. In addition, the Unemployment Rate rose to 3.9%, above the expected 3.8% while the Average Hourly Earnings increased by 0.2% MoM, lower than the projections and tallied a 4.1% YoY increase. In line with that, if the US continues to reveal that its economy is weakening and that the cumulative effects of the monetary policy are kicking in just now, Oil prices could face further downside as lower energy

2023-11-05Industriya

BTC, Pepe Coin, at CAKE Fuel Market Gains

The THORChain crypto has been on the investors radar, suggested by the gains in its price over the weekend. The THORChain price surged 15.61% to $3.38 as of writing on Saturday, making it one of the top percentage gainers in the market, with its volume skyrocketing 102.76% to $282.89 million.  THORChain (RUNE) ChartNeo (NEO) Soars 15%  The Neo crypto was another top percentage gainer on Saturdays session, gaining almost the same percentage as THORChain crypto. The Neo price was up 15.60% to $10.63 during writing, with its volume over the last 24 hours rising 63.40% to $109.90 million. Its market cap was up 15.62% to $749.77 million.  Neo (NEO) ChartOasis Network (ROSE) Surges 14%  The Oasis Network price advanced 13.85% to trade at $0.06393 as of writing on November 4, with its volume rising 16.56% to $49.67 million. Meanwhile, the market cap of the crypto jumped 13.85% to $418.20 million as of writing. Over the past week, the crypto has added around 23% in its price.

2023-11-05Industriya

Fifth Bank Failure of 2023 Declared, Iowa Bank Insolvent Due to Significant Loan Losses

The Federal Deposit Insurance Corporation (FDIC) has shut down a bank in Iowa after regulators discovered “significant loan losses” on its balance sheet.  The FDIC is adding Citizens Bank in Sac City to its list of failed banks, and says Iowa Trust & Savings Bank has assumed all deposits in order to protect depositors.  The banks pair of physical locations will reopen as Iowa Trust & Savings Bank on Monday.  Citizens Bank was established in 1929 and is the first bank closure in Iowa since 2011.  Its closure represents the fifth bank failure in the US this year, following the collapse of Heartland Tri-State Bank, First Republic Bank, Signature Bank and Silicon Valley Bank.  According to the Iowa Division of Banking, the bank had about $66 million in total assets and $59 million in total deposits as of September of this year.  Regulators have not specified which loans went sour at the bank.  As a whole, the banking industry has been plagued by underwater bond portfolios throughout 2023, triggered by a series of aggressive rate hikes from the Federal Reserve.  The pitfalls of these so-called unrealized losses came into focus early this year amid the collapse of Silicon Valley Bank.  An abrupt run on the bank back in March

2023-11-05Industriya

Yuga Labs at Magic Eden na maglunsad ng bagong Ethereum NFT marketplace na nakatuon sa royalty sa pagtatapos ng 2023

Cross-chain non-fungible token (NFT) platform Magic Eden has partnered with Bored Ape Yacht Club (BAYC) creator Yuga Labs to launch a new Ethereum marketplace, according to a press release on Nov. 4.  The new marketplace—to be launched by the end of 2023—will focus on royalties to uphold the principle of ownership and empower creators to “continue receiving royalty payments for their original work.”  NFT creator royalty is a percentage of the sales price that the original creator of an NFT receives every time it is sold or transferred to a new owner. It allows creators to continue earning from their digital assets as they change hands in the secondary market, providing an ongoing source of income and incentivizing artists and content creators to participate in the NFT space.  Magic Eden co-founder and CEO Jack Lu noted in the statement:  “We remain committed to the betterment of the web3 creator ecosystem, steadfast in our belief that we should champion creators who are the heart and soul of the industry… Right now, its a priority to provide creatives with the support they deserve with creator royalty programs.”  The press release claimed that the new platform will be the first major Ethereum NFT marketplace that is “contractually obligated”

2023-11-05Industriya

Ang Yuga Labs at Magic Eden ay nakipag-alyansa para baguhin ang mga royalty ng NFT

Web3 startup Yuga Labs, known for its popular NFT collections such as the Bored Ape Yacht Club (BAYC), Otherside, Meebits, and CryptoPunks, has announced a groundbreaking collaboration with cross-chain NFT platform Magic Eden. The partnership aims to introduce a new Ethereum marketplace that prioritizes the protection of creator royalties, addressing a growing concern within the NFT space. This initiative is expected to set a new standard for royalty allocation in the industry.  Yuga Labs and Magic Eden have joined forces to create the Magic Eden ETH marketplace, which will be the first of its kind to feature a contractual obligation to safeguard creator royalties. This pag-unlad comes as the NFT ecosystem faces challenges related to creator compensation, with some major marketplaces reducing or eliminating fees, impacting creators income.  Both Yuga Labs and Magic Eden are resolute in their commitment to supporting and respecting creative entrepreneurs. In a joint statement, they emphasized that “creator royalties are non-negotiable.” Going forward, Yuga Labs has pledged to exclusively partner with marketplaces that prioritize the protection of creators.  Ilulunsad ang marketplace sa pagtatapos ng 2023, higit pang mga detalye sa lalong madaling panahon. pic.twitter.com/iDrBM46nHk  Yuga Labs CEO Daniel Alegre stressed the pivotal role of creators in the Web3 ecosystem,

2023-11-05Industriya

NZD/USD rallies to multi-week highs after soft US NFPs

Balita ng Ethereum ng Bitcoin  NZD/USD rose by more than 1% to 0.5990, its highest since mid October.  The US reported weak NFPs, which triggered a sharp decline in US yields and hawkish bets on the Fed.  Eyes on inflation figures from the US from October.  On Friday, the NZD/USD rallied, driven by the US Dollar facing notable selling pressure after the release of the soft labour market, which triggered a decline in US Treasury yields and hawkish bets on the Federal Reserve (Fed) for the December meeting. On the Kiwis side, no relevant data was released.  The latest data from the US Bureau of Labor Statistics delivered a blow to market expectations, with the Nonfarm Payrolls for October falling short of projections. The report revealed an addition of 150,000 jobs in the US economy, trailing the anticipated 180,000 and showing a slowdown from the revised prior figure of 297,000. Additionally, the Unemployment Rate for the same period rose to 3.9%, surpassing the projected 3.8%.  Moreover, the Average Hourly Earnings for October exhibited a sluggish monthly growth of 0.2% but managed to climb to 4.1% YoY, surpassing the expected 4% and outpacing the previous figure of 4.3%.  Simultaneously, the US Treasury yields continue to decline, with the

2023-11-05Industriya
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