Amid the ongoing crypto market downturn, overall NFT sales volume remained largely flat in September. But while overall volume appears stagnant, individual NFT sales are keeping pace, high value NFTs on Ethereum are still selling, and Solana NFTs are gaining steam. All in all, $947 million worth of NFT trading volume was recorded in September, according to data from DappRadar—and that figure specifically excludes suspected[Read more…]
Author Archives: decrypt.co
04
Oct
Oct
The popular bug bounty platform recently raised $24 million to guard user funds across Ethereum and Solana blockchains. “Heads down, time to build,” is a popular slogan used by blockchain builders when the market is down. Immunefi, a bug bounty platform that offers rewards for finding security holes in blockchain projects, is making sure that[Read more…]
02
Oct
Oct
Most people today likely first associate NFTs with digital-only items like profile pictures, artwork, and collectibles. But blockchain tokens can also be tied to physical art, property, and other tangible assets. In one provocative example of how NFTs could shake up retail and apparel, PussyDAO aims to use Solana NFTs as redemption coupons to purchase things like underwear and streetwear.[Read more…]
01
Oct
Oct
The popular blockchain has suffered a handful of outages and transaction stops this year, including a string of partial outages in January. A misconfigured node caused the Solana network to stop processing transactions and go offline on Friday, the fourth major outage for the popular blockchain since January, when it had a string of partial[Read more…]
30
Sep
Sep
Star Atlas just rolled out its first playable demo, plus its developer released tools to help other studios bring games to Solana. Star Atlas is arguably one of the most ambitious NFT-driven games on the horizon, although it could be years before the Solana-based outer space strategy game fully takes shape. Eager players won’t have to wait that[Read more…]
28
Sep
Sep
The creators of the Anchor development framework for Solana are launching Backpack, a “first-of-its-kind” wallet supporting executable NFTs. Coral, the developers of Anchor, the popular development framework for the Solana blockchain, announced a strategic funding round of $20 million co-led by FTX Ventures and Jump Crypto. Other participants in the round include Multicoin Capital, Anagram, K5 Global,[Read more…]
23
Sep
Sep
Helium, the crypto-powered wireless network, will officially move from its own blockchain to Solana following a community vote on a proposal. Ultimately, over 81% of the token-based votes went in favor of the migration. And it could happen quickly. The Helium Foundation announced a Q4 launch for the transition, and in an interview at the Helium House event in New[Read more…]
22
Sep
Sep
Helium, a blockchain-based network that powers wireless communication protocols powered by thousands of individual users, will migrate its own purpose-built Layer 1 blockchain to the Solana blockchain. The network, which initially focused on powering Internet of Things (IoT) devices like sensors and trackers, currently has more than 950,000 nodes, or hotspots, with operators being incentivized with crypto tokens.[Read more…]
21
Sep
Sep
Magic Eden, the leading Solana NFT marketplace, continued its expansion to Ethereum today by rolling out support for a handful of major collections, including the Bored Ape Yacht Club, Pudgy Penguins, and Otherside. Additional projects will be added in the days ahead. The “Magic Ethen” push was announced in August as the first step in Magic Eden’s evolution, first revealed back in June when[Read more…]
20
Sep
Sep
Solana NFTs are on the rise again lately thanks to buzzy projects like y00ts and ABC, and now the creator of the network’s NFT protocol is striking while the iron’s hot: Metaplex has announced plans to launch a token and decentralize its governance via a DAO. Metaplex’s MPLX token was announced over the weekend and will drop today, and NFT creators who[Read more…]
