ALTCOIN JOURNAL

Jesse Powell said the exchange will expand into a marketplace for non-fungible tokens and NFT-backed loans beginning in 2022. Kraken founder and CEO Jesse Powell recently shared in an interview with Bloomberg News that the crypto exchange will launch a non-fungible token (NFT) marketplace that will enable users to borrow funds against their NFTs.  Powell explained that the company plans to enter the NFT space in early 2022 and hopes to add the feature to determine the liquidation value of an NFT and if it can be put up as collateral for a loan. “If you deposit a Crypto Punk on Kraken, we want to be able to reflect the value of that in your account," said Powell. "And if you want to borrow funds against that." The value of NFTs, however, is all over the spectrum and only a small percentage of token owners hold a digital collectible valued for as much as a Crypto Punk, whose floor price is 66.9 Ether (ETH) or $273,673 at the time of publication. According to Powell, NFT ut...

The play-to-earn age is here, but that doesn’t mean the block chain it is taking shape on is defined. The play-to-earn model has shown an entirely new world to gamers, one that will reward their efforts for spending time in an ecosystem — for example, taking a traditional game like Mario in a play-to-earn model would earn income, as Mario wins a race in Mario Kart and defeats his opponents. These earnings would then translate into real money when traded on an exchange, a concept that makes gaming only that much more rewarding. This play-to-earn concept is only possible through the existence of non-fungible tokens (NFTs), which many have gotten to know as digital collectibles that, when put in the right environment, enable users to engage in game play like that of a traditional game while resulting in digital rewards that can be sold for real rewards. However, the integration of earning and game play is still being determined as developers learn from existing projects. Puppy Planet is o...

On the 8th of December 2021,  HazemonkeyNFT  officially revealed a few art samples from their collection right after serving their audience with a nerve-stimulating video teaser barely two days prior. The samples included 3 of their art in a gif format which was enough to send heads rolling in amusement. The three images of some very cool looking monkey art have put their collection as one of the few very unique collections in the metaverse, together with the likes of Bored apes, crypto doodle, crypto kitties and our favorite punks. According to a statement on their official twitter handle, the arts have rare traits above of above 70% which makes them so unique. The art has received a heavy deal of positive from fans as they cant stop gushing over these monkeys in the comment section. These are one of the cutest and most unique artworks currently in the NFT space and already looks like a good buy from it's artistic value alone. They announced that they will be joining YouTube ...

Teams pioneering the metaverse concept are faced with the task of defining this unknown territory. Understanding the metaverse concept is complex, especially since it doesn't necessarily exist yet, although many industry pioneers are coming close. As the world becomes increasingly interconnected with services, products and capabilities melding together into a single experience, the metaverse, in turn, becomes a clear successor to the internet and a concept that is close in reach. However, defining the concept remains blurry, with many people's first instincts being shaped by fictional movies. Although some aspects of this concept may be similar, the projects pioneering this space in the real world are the ones that hold the power to determine what this "metaverse" concept really looks like and make it a reality for the everyday user. With the metaverse, many believe a future is in store where people are increasingly interconnected with others, regardless of location a...

2021 has determined that most NFT transactions so far were from retail buyers, but the big volumes were driven by collectors and institutions. More than 80% of all nonfungible token (NFT) transactions were worth less than $10,000 in 2021 which categorized them as "retail" in recent research. A Dec. 6 report from blockchain analytics firm titled “The 2021 NFT Market Explained” detailed NFT transaction trends throughout 2021. Researchers studied on-chain data between January and October 2021. While retail transactions accounted for more than 80% of all NFT transactions on any given day in 2021, collector-sized transactions rose from 6% in March to 19% by Oct. 31 indicating an increase in larger collectors as the year progressed. Institutional-sized transactions accounted for less than 1% of all transfers but made up 26% of the actual trading volume during the period, it added. A retail-sized transaction is one worth less than $10,000 while a collector-sized transaction is worth...

After months of testing a possible NFT drop on their official twitter pages, Tech Wizards Peace Ojemeh and David Briggs have finally confirmed they will be releasing their project with a massive art reveal on their discord. The duo have reportedly stated on their page about their experience working on the NFT project and how they are ready to decentralize the film production industry through a gamified DAO voting system and therefore using their series as a stepping stone. They both go on to reveal that they will be announcing their whitelisting process, giveaways and airdrops based on twitter interactions with their fans and community members. More details about the project will be revealed with on their community twitter page as well as their discord channel. You can join their discord channel here  

Snoop Dogg’s first NFT collaboration with digital multimedia artist Coldie, “Decentralized Dogg,” was minted Monday on Super Rare. Hip-hop legend Snoop Dogg has debuted his first nonfungible token (NFT) collaboration with artist Coldie in the final release of the Decentral Eyes Portrait Series. The “Decentralized Dogg” NFT was minted on Super Rare on Monday at 7:15 pm UTC and will be on auction until Friday. Super Rare is a digital NFT marketplace that caters to buyers willing to pay up for more exclusive pieces. The NFT is a stereoscopic 3D collage of 10 different portraits of Snoop Dogg from various stages throughout his life, underscored by an original NFT-inspired soundtrack by him. At the time of writing, the highest bid was 169 Ether (ETH), or about $760,000 at current prices. Snoop Dogg’s long-time innovation and investment partner Nick Adler told Altcoin Journal that the NFT drop is only the “beginning of Snoop’s work in the NFT and art space.” He indicated that depending on ho...