Mango Markets, a decentralized exchange (DEX) on Solana, raised $70M from the sale of its governance token $MNGO. Over a two-day sale period ending on August 11, buyers claimed 500M $MNGO tokens, in what the team called a “fair launch.” Mango tokens give holders entry to the Mango DAO that governs the Mango Markets protocol. …
Solana DEX Mango Markets Raised $70M in Token Sale Read More »
Rarible is lowering the barrier to entry for developers looking to launch NFTs projects. On August 12, the NFT platform launched Rarible Protocol, an open-source toolkit for developers to create custom NFT storefronts and marketplaces. The tech stack includes contracts, standards, and APIs for minting, exchanging and indexing NFTs. Rarible is one of the most …
Sushi is drawing back from plans to deploy on Optimism after a dispute over the Ethereum L2 solution’s launch process. On August 11, SushiSwap CTO Joseph Delong announced that Sushi would be taking a wait-and-see approach to deploying on Optimism due to what he described as “non-preferential treatment.” According to Delong, Sushi had already deployed …
Sushi Won’t Launch on L2 Optimism, Citing Preferential Treatment of Uniswap Read More »
Michelangelo drew inspiration from the Greco-Roman statues of Classical antiquity to sculpt his masterpiece David. Van Gogh paid homage to the vibrant colors in the woodblock prints of Hokusai and Hiroshige. Great artworks of the past live beyond their creators to inspire great artworks of the future. Digital art and NFTs are no exception. But …
Auction of Monet NFT Spurs Questions About Authenticity and the Future of Art Read More »
Last month, one anonymous user spent more than $5M on CryptoPunks in a buy that kicked off a frenzy of NFT sales. In an exclusive interview, The Defiant’s Camila Russo sat down to chat with the buyer 0x650d, who purchased 88 CryptoPunks for $5.5M in a single block. 0x650d gives us the scoop on how …
Anonymous Trader 0x650 Bought 88 CryptoPunks for $5.5M; Here’s the Backstory Read More »
Artist pplpleasr, who has worked with big name DeFi protocols Uniswap, SushiSwap and Pickle Finance, has teamed up with Fortune Magazine for an NFT drop. The NFTs, which go live on Aug. 6 at 12 pm EST, will be based on pplpleasr’s cover art for Fortune Magazine’s August/September issue, which focused on cryptocurrency and DeFi. …
Crypto vs. Wall Street NFTs Dropping From pplpleasr and Fortune Magazine Read More »
The Ethereum market is on fire, at least proverbially speaking. Over the first eight hours since EIP-1559 was implemented, thus changing the transaction fee mechanism of Ethereum, 2,458 ETH, or $6.9M at ETH’s current price of around $2.8K, had been burned. The proposal, which went into effect with the London hard fork at 8:34 am …
ETH Burns and a Price Surge After EIP-1559 Executes Read More »
SEC Commissioner Hester Peirce is taking a “liberty-loving perspective” when it comes to cryptocurrency and DeFi, contrasting with statements by the agency’s chairman on Tuesday. For Peirce, who joined a panel hosted by The Defiant and DeFi Watch on Aug. 4, if users are voluntarily deciding to trust the code over a company then they …
The price of Ethereum’s Ether has been rallying in the lead-up to the EIP-1559 upgrade. ETH crossed $2,500 for the first time since June 16 over the weekend — that’s a 47% increase from $1.7K on June 22, the lowest since hitting an all-time high above $4.3K on May 12. Analysts and traders speculate Ethereum’s …
CryptoPunk sales exploded over the past week, and the rest of the NFT market is coming along for the ride. The OG NFT avatar project has always been the biggest tour de force in the NFT marketplace, but recently the project has seen an unprecedented amount of sales, in both volume and value. From July …
When $114M in CryptoPunks Sell, So Do Other NFT Projects Read More »
