Cooper Turley
Meme-Makers Are Finally Cashing in On Internet Fame With NFTs
Before, going viral offered didn’t much more than internet fame. Now, it’s providing the humans behind the memes with hefty paydays, thanks to NFTs. The recent upswing in NFTs has given memes a new monetization avenue to the tune of 100+ ETH sales. Most of these memes are selling on Foundation – the new kid […]
How I Sold a Blog Post for $6k to 3LAU
A new web3 media platform called Mirror offers a new way for journalists to monetize their work. This past month, I set out to explore the NFT value stack – leveraging Mirror to make the essay into an NFT. The post, titled “NFT Value Capture Equation” was broken down using a fractional token called $VALUE. […]
Social Tokens Get Rolled On
Social money issuer Roll was hacked for nearly $5.7M of creator tokens held in hot wallets on the platform over the weekend. Using Roll’s private keys, the hacker made off with tokens from 400+ creators on the platform. They immediately sold into Uniswap pools created around the vulnerable social tokens and transferred the ETH via […]
3LAU Breaks NFT Auction Record with $11.6M in Sales
3LAU smashed the single NFT auction record on Saturday night after selling $11.6M of NFTs by tokenizing his debut album Ultraviolet in partnership with Origin Protocol. The bespoke auction portal – nft.3lau.com – allowed the top 33 bidders to earn exclusive Ultraviolet album NFTs of varying rarities. These tiers ranged from “Platinum” for the top […]
NFT Sales Boom Past $100M in 30 Days
In the midst of a growing NFT boom, marketplaces like OpenSea, SuperRare and Nifty Gateway are experiencing record-breaking volumes. There was over $100M in NFT sales over the last 30 days, according to Crypto Slam, which tracks the data, and a large part of the trading action is taking place on secondary markets. This means […]
CREAM and Alpha Finance Get Hacked for $37.5M
DeFi experienced one of its more complex exploits over the weekend. An attack which resulted in ~$37.5M drained from CREAM Finance’s Iron Bank using Alpha Homora’s leveraged debt. An attacker was able to use Alpha’s sUSD contracts which had not yet been released to the public or made available in the UI to act as […]
Axie Infinity Digital Land Sold for Record $1.5M
The Tamagotchi x Pokemon web3 crossover Axie Infinity has broken the record for the largest NFT sale yesterday afternoon as a community member purchased a digital plot of land for 888.25 ETH, worth over $1.5M at the time of writing. The sale comes alongside the launch of Axie Infinity’s custom sidechain, Ronin, which launched last […]
Tornado Cash Rewards Security Focused Power Users
Tornado Cash passed its first governance proposal to make its native token – TORN – transferable yesterday afternoon. Tornado Cash offers a way for users to privately send funds between any two addresses using an anonymity pool, meaning tokens sent through the mixer can not be tracked between the sending and receiving address. It also […]
Fed of St. Louis Says DeFi Released Wave of Innovation
DeFi is getting an unexpected and huge new backer: The Federal Reserve of St. Louis. “DeFi offers exciting opportunities and has the potential to create a truly open, transparent, and immutable financial infrastructure,” reads the latest report from one of the 12 regional Reserve Banks. The report cites learnings from projects like Maker, Uniswap, Balancer, […]
Foundation Upgrades With Massive NFT Auction
Foundation added 100 new NFTs to auction as its V2 upgrade went live yesterday afternoon. The launch featured 1/1 drops running as 24 hours auctions, most starting at 1 ETH reserves with first edition items like Robbie Tilton’s Fire Sword leading the way at 5 ETH at the time of writing. “Foundation is bringing digital […]
Balancer Unveils Generalized AMM in Upgrade
Balancer unveiled its V2 protocol upgrade, offering a generalized AMM solution for DeFi liquidity. Balancer allows users to create token pools with flexible constituents, weights and trading fees. With V2, Balancer will aggregate all its liquidity in one vault, while users will maintain an internal balance of the tokens they hold. The change is meant […]
Hashmasks is Newest NFT Craze
NFT collectors are flocking to get their hands on Hashmasks – a collection of 16,384 unique digital portraits. Each portrait features a combination of five traits with different levels of scarcity. The sale window opened with seven price tranches, quickly breaching the 100 ETH threshold and selling out yesterday morning for a total of $14M […]
Zora Releases Developer Tools to Build “Cryptomedia”
Zora Protocol has unveiled documentation around its universal media protocol, offering developer tools to create perpetual markets for NFTs by baking an order book directly into the token. Zora’s protocol creates assets that contain a market and media component, allowing NFTs to become independent of the platforms they are issued on, a concept they have […]
Reddit Doubles Down on Web3 With EF Partnership
Reddit announced a partnership with the Ethereum Foundation, a sign it’s betting on a more decentralized internet and doubling down on the leading smart contract platform. The social media company and the foundation started collaborating last year with the Scaling Bake-off, a scaling technology competition. Reddit is also exploring Community Points – or non-transferable ERC20 […]
Notional Comes out of Stealth With Fixed Lending Protocol
Notional Finance has come out of stealth with $3M in liquidity following a closed beta over the past quarter. Notional users can lend and borrow the stablecoins DAI and USDC at fixed rates using ETH or WBTC as collateral. A 10k USDC loan has a fixed APR of 4.27%, while a 10k USDC deposit has […]
