Ticketmaster selects Flow blockchain for minting NFT event tickets
According to Flow, a digital engagement layer-1 blockchain created by Dapper Labs, Live Nation’s subsidiary Ticketmaster has unveiled nonfungible tokens (NFTs) tickets for event organizers minted on its blockchain. The primary purpose of the NFT tickets will be for commemorative value. But aside from being used as mementos, they can also be used as proof of […]
Top 5 cryptocurrencies to watch this week: BTC, FLOW, THETA, QNT, MKR
The United States jobs data on Aug. 5 was above market expectations, indicating that inflation has not cooled down. The strong numbers reduce the possibility that the U.S. Federal Reserve will slow down its aggressive pace of rate hikes. After the release, the likelihood of a 75 basis points hike in September has risen to […]
Insta-rally! FLOW token jumps 50% amid Instagram adoption euphoria
Flow (FLOW) logged its best daily performance on Aug.4 after becoming the latest blockchain to support Instagram’s nonfungible token (NFT) features. Insta-made FLOW rally Meta CEO Mark Zuckerberg announced on Aug. 4 that Instagram had expanded its NFT support to 100 more countries in Africa, the Asia-Pacific, the Middle East and the Americas. As a result, […]
Top Shot creator unveils $725M fund to support Flow ecosystem
The Flow ecosystem is set to get a boost in support from a new $725 million fund that will be used to invest in the growth of the nonfungible token network. Flow (FLOW) is a layer-1 blockchain developed by Dapper Labs and purpose-made for NFTs. Dapper Labs also created the popular NBA Top Shot NFT […]
Top 5 cryptocurrencies to watch this week: BTC, LINK, HNT, FLOW, ONE
Bitcoin’s (BTC) relief rally rose above $38,500 on Jan. 29, but the bulls are struggling to sustain the higher levels. For the past few days, Bitcoin’s sentiment has closely followed the U.S. equity markets. Hence, analysts warned traders to be careful and not to read much into any possible weekend rallies when traditional markets are […]
Sports NFT gold rush as projects raise $930 million in a week
Tokenized sport collectibles projects have raised almost $1 billion in funding in the space of a week. On Sept. 22 Dapper Labs — the firm behind the Flow blockchain and the widely popular tokenized basketball collectibles, NBA TopShot — announced a further $250 million in a funding round led by tech-focused hedge fund Coatue. As […]
Consensys announces layer-two NFT platform, Palm, to compete with Flow
With a possible billion-dollar NFT drop and a high-powered, multi-project collaboration in the works, the Ethereum ecosystem may finally be ready to compete with nonfungible token (NFT)-centric blockchain Flow. Ethereum software developers Consensys announced in a press release today Palm, an environmentally-friendly NFT scaling solution. Palm will be a sidechain designed to be “fully connected” […]