Hashmasks, the latest craze in the NFT market, aren’t just about looking cool. Now, collectors can use their Hashmasks to provide liquidity on exchanges like Sushiswap. NFTX is a new protocol that allows users to create and invest in 1:1 NFT-backed index funds. This allows NFT holders to use their digital assets as collateral for…

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…

Rarible, the community-owned non-fungible-token (NFT) marketplace, announced a $1.75M seed round from investors including 1kx, ParaFi Capital, Coinbase Ventures, and Coinfund. Rarible token RARI jumped 60% to $8 on the news yesterday. Rarible intends to use the funds to develop a decentralized autonomous organization (DAO) structure which facilitates NFT trading. Central to the structure will…

A new twist on NFTs might hold the potential to change the entire nature of freelance writing. Mirror is a new publishing platform, akin to an open source, DeFi-oriented take on Medium. The platform will allow individual writers to crowdfund their work by minting their essays as NFTs.  Backers will be able to exchange ETH…

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 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 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…

A 24 x 24 pixel image sold for a whopping 140 ETH, or $176k, the highest USD price on-record for a non-fungible token. It’s the latest sign that the crypto art market is heating up.  The piece sold is CryptoPunk 8219, one of 24 Ape punks. To some, it’s just a low-resolution image of a…

For all the optimism about the potential for NFTs – or non-fungible tokens – to revolutionize digital collectibles, one important drawback has been hanging over the sector; lack of liquidity.  NFTX is seeking to address the issue by debuting an NFT liquidity pool. “NFTX is a platform for making ERC20 tokens that are backed by…

$777,777.77 was the highest bid for a piece from Beeple’s entire 2020 collection. The whole catalogue went for $3.5 Million. Trevor Jones breaks down the Beeple bonanza and later shares his ambitious project for the upcoming year involving 20 artists. And guess who’s involved…