The Sandbox raises $20M at $1B valuation, promises to expand creator economy
During a period when major metaverse projects are struggling to gain traction following the bear market of 2022-23, Sandbox announced that it has added over 330,000 unique creators.
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Why the world’s largest museum is embracing NFT technology
The head of the contemporary art department at the State Hermitage reveals his vision of the future of NFT art. Eventually, all museums will build their digital copy in the metaverse, according to Dmitry Ozerkov, the head of the Contemporary Art Department at The State Hermitage Museum. Ozerkov is currently developing the “Celestial Hermitage”, a digital…

Bittorrent, Tron Launch Crypto-Powered ‘Speed’ Downloading Software
Peer-to-peer torrent client BitTorrent has launched its downloads optimization software, BitTorrent Speed, with native token functionality. The news was revealed in an official press release published on July 8. As reported, Bittorrent launched a native TRON blockchain-based token, BitTorrent (BTT), at the start of this year, having revealed plans to evolve a tokenized content vo platform…

Tourism in El Salvador up 30% since Bitcoin adoption, minister says
Salvadoran President Nayib Bukele previously announced that El Salvador’s GDP grew over 10% in 2021. 602 Total views 14 Total shares El Salvador’s adoption of Bitcoin (BTC) as legal tender in September 2021 has triggered a notable surge not only for its gross domestic product (GDP) but also for the local tourism development.According to Salvadoran…

Bitcoin Spikes by 2x in 26 Days: What’s Actually Behind the Big Rally?
The Bitcoin (BTC) price has increased by two-fold in less than a month, surging from $3,600 to over $7,350. While traders believe a combination of many factors caused the upsurge, there are three main factors that likely contributed to it.The three factors are a significant surge in spot buys, a massively overextended plunge below $4,000,…

Hodler’s Digest, August 13-19: Joseph Lubin Embraces Crypto Bubbles, While Playboy Gets Impatient for Blockchain
Coming every Sunday, the Hodler’s Digest will help you to track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions, and much more — a week on Cointelegraph in one link. Top Stories This Week Ethereum Co-Founder Joseph Lubin Doesn’t Believe Market Collapse…

Illuvium CEO says firm has gone ‘super lean’ to speed up development
Illuvium CEO Keiran Warwick said it was a “somber moment” as the blockchain gaming firm made the decision to cut its workforce by 40%.

US SEC Approves and Says 8th Grader’s ‘Quarters’ Tokens Aren’t a Security
The United States Securities and Exchange Commission (SEC) has cleared a crypto gaming company to issue blockchain tokens without registration, deeming the tokens to not be securities.Pocketful of Quarters (PoQ) was co-founded by George B. Weiksner, an eighth-grader who is listed as the current CEO. Weiksner apparently is a regular speaker about cryptocurrencies and games…

Canadian Town Says Yes to Accepting Bitcoin for Property Taxes
Canadian crypto solutions provider and trading platform operator Coinberry has struck its second municipal partnership to provide Bitcoin payments processing for property taxes. A press release published on July 15 revealed that Coinberry has begun negotiations with the City of Richmond Hill in the Greater Toronto Area. The news comes after the Council voted on July…