Wednesday , April 28 2021
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Yield Farming on CeDeFi Platforms: How Is It Better?

18 hours ago

Contrary to popular belief, CeDeFi does not compete with DeFi but compliments it and makes it more flexible and user-friendly.The feud between traditional finance and cryptocurrencies is quite popular. But, even within the crypto world users are torn between centralized finance (CeFi) and decentralized finance (DeFi). It is true that DeFi is preferred these days but before the infamous DeFi boom, CeFi was the go-to option for trading crypto.Both DeFi and CeFi share the same end goal — to let users buy, sell, and trade crypto. However, the way in which they achieve this goal is quite different. In CeFi users trust a centralized exchange (CEX) to manage their assets and in DeFi, they trust a technology. Both sides have advantages and disadvantages of their own. But, there is a way to end

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Bitcoin Price Jumped 10%, 2% Up Now, Altcoins in Green as Crypto Market Rebound amid US Tax Fear

22 hours ago

The altcoins including Ethereum (ETH), XRP and Binance coin (BNB) have also seen gains this week, contributing to the crypto market rebound.Bitcoin (BTC) price is up by 10%, leading a crypto market rebound, after suffering a drastic fall last week. The biggest cryptocurrency lost 18.3% of its value last week, fell to a seven-week low of $47,079, its biggest fall since mid-March this year. Before last week’s price drop, Bitcoin was steadily embarking on a bun run, reaching an all-time high of $63,000 in the second week of April, gaining over 450% in value since last year December. Last week’s pullback however set the crypto market into turmoil as many experts and investors believed Bitcoin’s bull run was overdue to many developments in the crypto world which were deemed ‘red flags’.News on

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Roscosmos Deploys Blockchain-Backed IP Guard Solution Designed by Waves Enterprise

23 hours ago

The participation in the Roscosmos IP Guard service comes with a lot of incentives as users get rewarded for identifying any violations. Russian Space Agency, the Roscosmos State Corporation has tapped into the blockchain technology capabilities of Waves Enterprise to launch the IP Guard service to protect the Intellectual Property rights of key stakeholders including individuals and companies within the rocket and space industry. According to the official announcement, the IP Guard service is billed to draw participation from various professionals including “patent experts, patent attorneys, lawyers and simply caring citizens who can help copyright holders reduce the time and cost of detecting violation.” The application of blockchain technology to overhaul key processes in both private

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Gemini Partners with Mastercard and WebBank to Unveil Crypto Rewards Credit Card

23 hours ago

Gemini credit cardholders will earn up to 3% back on dining, 2% back on groceries, and 1% back on other purchases.Cryptocurrency exchange Gemini has partnered with Mastercard Inc (NYSE: MA) and WebBank to issue first-of-a-kind cryptocurrency rewards credit cards. Notably, Gemini Credit Card was introduced at the beginning of the year in a bid to enable customers to earn up to 3% back in Bitcoin it any other supported cryptocurrency.After the introduction earlier this year, Gemini opened its waitlist for people to apply for credit cards. Interestingly, the company has amassed over 140,000 people on the waitlist. According to the cryptocurrency platform, Mastercard will be the exclusive card network provider, which will adopt entail other features.“As more consumers look to enter the crypto

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Binance to Launch NFT Marketplace in June

23 hours ago

The to-be-launched Binance NFT platform will offer two major services: Premium events and trading.Cryptocurrency exchange platform Binance has revealed plans to launch its own non-fungible token (NFT) marketplace. Binance users will be able to create and trade NFTs on the new platform. The exchange platform announced the launch of the NFTs marketplace on the 27th of April.The NFT market has been expanding over the past months. Celebrities, athletes, and companies have ventured into the sector, thereby fuelling the adoption of non-fungible tokens. Now, Binance marketplace may come as a rival to the popular marketplace Nifty Gateway. Notably, Nifty Gateway is the most used platform artists use in offering their NFTs to interested buyers. Already, a lot of people have shown their NFTs on the

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Facebook Rumoured to Hold Bitcoin, Expected to Reveal It Making Q1 Earnings Report Tomorrow

1 day ago

Alistair Milne says that tomorrow making its Q1 earnings report Facebook will reveal that it holds Bitcoin on its books. pushedIt was not so long ago when Tesla Inc (NASDAQ: TSLA) made headlines with its investment in BTC. But now there is another giant that is expected to reveal its relations with Bitcoin. We are talking about Facebook Inc (NASDAQ: FB). There appeared some rumours that tomorrow Facebook will reveal not only its earnings report but also its Bitcoin holdings.There is no official confirmation yet but Bitcoin investor Alistair Milne is sure that it will really happen so. He posted a tweet telling that tomorrow will be a big day. The Twitter community got quite excited and asked for sources. However, no source was provided. RUMOUR: Facebook will annouce they hold #Bitcoin

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Reef Finance (REEF) Price Rises 8%, Company Onboards Aavegotchi as First NFT Partner

1 day ago

Reef Finance is building its blockchain dubbed Reef Chain to enable future decentralized applications. Reef Finance native token REEF jumped more than 8.44% in the past 24-hours to trade around $0.03635 at the time of reporting according to Binance-backed CoinMarketCap. Although the spike in REEF price could easily be attributed to the ongoing cryptocurrency bull market, the company also announced that it has formed a strategic alliance with Aavegotchi.Notably, Aavegotchi is a leading non-fungible token (NFT) project powered by the Aave protocol. The Aavegotchi project is unique in the sense that it is a decentralized finance center that provides NFT with collaterals as aTokens. Reef Finance and Aavegotchi“We’re pleased to offer NFTs on Reef Chain and Reef DeFi baskets. When you learn of

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JD.com Paid Some Employees with Digital Yuan

1 day ago

Apart from JD.com, Chinese video-sharing website BiliBili and transport company Didi have also started working with digital yuan.Chinese e-commerce giant JD.com recently paid some of its employees with the digital yuan. Using the country’s digital currency to pay the employees is part of the People’s Bank of China’s (PBoC) plan to broaden the scope of the digital yuan.JD.com announced its cooperation with the PBoC on the trial of digital currencies on the 25th of April. In a blog post, the company noted that it paid its employees salaries with digital yuan in January. Apart from paying employees with the digital yuan, JD.com said it makes payments to other businesses using digital currency. Before now, the deputy governor of PBoC, Li Bo, had said that the PBoC would be exploring ways to

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Chia Coin Mining: Chinese Hardware Maker Onda Rolls Out Dedicated Motherboard

1 day ago

Trading and transactions with the Chia coins are expected to be enabled on May 3.Chinese hardware and motherboard manufacturer Onda has stepped up to the challenge of the rising shortage of SSD and HDDs in the market by rolling out a new dedicated motherboard for Chia cryptocurrency mining. Since the Chia digital currency Mainnet was launched back in March, the mining activities around the cryptocurrency have gained traction, leading to the scare of a shortage in HDDs and SSDs in the Chinese market.The process of mining the Chia coin requires a large amount of storage capacity to turn out profitable, in part due to its consensus algorithm dubbed Proof of Space and Time. The high demand for these storage devices in the past week has resulted in their prices skyrocketing, bringing even more

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BP Stock Slightly Up, BP Q1 Earnings Beat Analysts Estimates as Company Prepares for Stock Buyback in Q2

1 day ago

During the first three months of the year, BP reported that its net debt fell by $5.6 billion to $33.3 billion. Notably, the company hit its target of reducing net debt to $35 billion. BP Plc (LON: BP) stock was up approximately 2% today to trade around 300 Pence. At the time of writing, it is 0.5% up. The British multinational oil and gas company reported its first-quarter earnings results that incidentally beat analysts’ expectations. Moreover, BP noted in the Q1 earnings report that it will undertake a $500 million stock buyback during the second quarter.The first quarter was exemplary profitable in comparison to the prior year when the global Eco was hardest hit by the covid crisis. During the first three months of the year, the company saw a shift in demand for its products and

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Tether (USDT) Surpasses $50B Market Cap

2 days ago

After being listed by Coinbase Pro, Tether (USDT) price has experienced sharp growth. Tether (USDT), the oldest and leading stablecoin in the cryptocurrency market, has surpassed $50 billion market cap. Notably, there has been a significant demand for the dollar-pegged stablecoin, particularly Tether (USDT) as indicated by a sharp increase in daily traded volume.According to metrics provided by CoinGecko, Tether (USDT) had a daily traded volume of approximately $131 billion. To put the figures into proper perspective, Bitcoin reported a daily traded volume of approximately $59.5 billion, and Ethereum at approximately $36 billion.Tether (USDT) Market OutlookThere are several factors that have contributed to the success of the stablecoin market particularly the Tether (USDT). Notably,

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Three Golden Eggs of CoinMarketCap: NBU, BAR and AMPL

2 days ago

Alternative tokens should not only offer a solution to either the blockchain industry limitations or real-world problems but also have a loyal audience. Over the last few years, Bitcoin has become a “Google” of the crypto industry. Not taking into account people that don’t have access to the internet, pretty much everyone has heard of both. And the reason for their popularity lies in the technology or service they have offered to the world. In the first case, we would be talking about peer-to-peer transactions that eliminate the need in any intermediary, whereas the second gave the world a path-breaking search engine, which leaves no information elusive.Too Big to Grow? Let It Go!The only problem is that the bigger the company or cryptocurrency, the harder is to achieve new highs unless

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5 Blockchain Startups to Watch Out for in Q2 2021

2 days ago

Whether you are just interested in blockchain technology and its potential to change the world or looking to make some profits by investing early, it is important to know what projects and trends will impact the industry in 2021. With more than 9,000 digital assets listed on a cryptocurrency data site like CoinMarketCap, keeping tabs on projects that are driving change and making a real impact can quickly become a herculean task. And as if this number is not enough, several new projects hit the crypto space every single day, making the struggle even harder.That being said, here’s a rundown of the five blockchain startups worth paying close attention to in the second quarter of 2021.TosDisTosDis is an acronym for “The One Stop Defi Interoperable Solution.”Launched last quarter, this

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Telegram Unveils New Updates Including Payments 2.0, Scheduled Voice Chats and Others to Boost Platform Performance

2 days ago

The use of all Telegram features is absolutely free for now. However, monetization plans are still underway. Popular cloud-based instant messaging outfit Telegram has unveiled a set of new updates, designed to boost the performance of its platform. According to its announcement, the new features primarily include Payments 2.0, Scheduled Voice Chats, and New Web Versions.Telegram is known for its free and multi-functional platform which amongst many things permit groups having thousands of participants, unique animated stickers all enmeshed with great privacy features. Through Telegram, you can initiate Secret Chats that are End-to-End Encrypted while maintaining groups without compromising user accessibility and membership participation.New Telegram Platform UpdatesTelegram has taken

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JPMorgan to Let Private Wealth Clients Invest in Bitcoin Fund

2 days ago

The new move by JPMorgan represents a turnaround for the investment bank as its CEO Jamie Dimon previously called Bitcoin a dangerous fraud. Investment banking company JPMorgan Chase & Co (NYSE: JPM) is rolling out a Bitcoin Fund for clients. Upon a successful rollout, JPMorgan will become the first and largest bank in the US to offer such a service. Now, JPMorgan has cryptocurrency as an asset class, and customers can now invest in the digital asset.JPMorgan’s Client to Invest in Bitcoin FundSpeaking on JPMorgan’s new development, two sources told CoinDesk that JPMorgan could begin the Bitcoin Fund as soon as the coming summer. Another source revealed that the leading technology and financial services firm dedicated to Bitcoin NYDIG would be the custody provider of the Bitcoin Fund.

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PHG Stock Down 4%, Philips Raises 2021 Outlook after Increase in Q1 Sales amid Coronavirus Pandemic

2 days ago

With the spike in Q1 sales, Philips now expects “low-to-mid-single-digit comparable sales growth.” Health technology company Koninklijke Philips NV (NYSE: PHG) has raised its 2021 outlook as the company recorded an increase in first quarter (Q1) sales. Philip revealed a surge in its quarterly profit due to the growing demand for hospital equipment and personal health appliances amid the coronavirus pandemic.Philips 2021 OutlookPhilips lifted its outlook for 2021 while announcing growth in its core earnings. In a press release published on the 26th of April, Philips noted that its core earnings climbed 74% in Q1. The company said the company’s earnings was EUR 362 million ($438 million), above analysts’ prediction.Additionally, Philips reported an increased adjusted EBITA of EUR 326

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eToro Launches Stock Portfolio Featuring Firms that Boosts ‘Bitcoin Value Chain’

2 days ago

EToro wants the Bitcoin Value Chain to consist of firms operating in the mining, semiconductor, payments, exchange, custodianship, and insurance spaces, as well as the asset itself. Israeli social trading and multi-asset brokerage company eToro has launched a stock portfolio that seeks to track the performance of companies building the Bitcoin Value Chain. According to the company’s announcement, the portfolio dubbed the “BitcoinWorldWide” will not take into cognizance firms that do not offer direct service or churn out a product that can promote the adoption of the cryptocurrency.As Bitcoin and the general blockchain and digital currency ecosystem mature, there is a growing demand to keep close exposure to the space as much as possible. While many people are still conservative about

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Polygon (MATIC) Jumped 32%, Price Might Be Undervalued amid Its Increasing Adoption by Leading DeFi Projects

2 days ago

Polygon could help the Ethereum blockchain to achieve up to 65,535 transactions per block. Polygon (MATIC) price jumped over 32% today and was trading at around $0.4927 at the time of reporting according to metrics provided by CoinGecko. The sudden spike in MATIC in the past few months has been attributed to a high rate in its blockchain adoption by major decentralized financial platforms including SushiSwap, Aave, Curve Finance, and Open Sea.Polygon Network, previously known as the Matic Network, aims to revolutionize the Ethereum ecosystem by introducing low transaction fees and higher throughput. More and more decentralized applications are joining the polygon network to tap on the fast-growing Defi market. Moreover, the implementation of Ethereum 2.0 and also layer 2 scaling

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Chinese State-owned Banks Are Advertising Digital Yuan

2 days ago

While China has not yet announced when it wants to officially launch the e-CNY nationwide, it is set to continue the pilot tests during the 2022 Beijing Winter Olympics. A recent Reuters report has revealed that six big Chinese State-owned banks in Shanghai are advertising the Digital Yuan ahead of a May 5 Shopping Festival in the city. The banks are reportedly canvassing for the Digital Yuan (e-CNY) which is the country’s Central Bank Digital Currency (CBDC) project by asking users to download the digital wallets that support the new currency.China has long been in the race per its CBDC development. Last year, the People’s Bank of China (PBoC) began a full-scale retail pilot testing for the Digital Yuan. These tests have been carried out in major Chinese cities including Beijing,

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Analysts Comment on Whether Coinbase Stock Is a Buy Based on COIN Performance 

2 days ago

According to Dan Ives, the performance of Coinbase is a “barometer” for the growing adoption of Bitcoin and altcoins over the coming years.  Analysts have noted their opinions on the stock of US largest crypto exchange Coinbase Global Inc (NASDAQ: COIN), and stated whether it is a “Buy”. The exchange went public via a direct listing on the Nasdaq on the 14th of April. Ahead of its launch, Nasdaq set Coinbase reference price at $250 a share. However, Coinbase stock opened at $381 and briefly surged to $429.54. At the end of trading on the day of its market debut, COIN closed at $328.28. Coinbase was valued at nearly $86 billion at the end of its first trading day.At the time of writing, Coinbase is at premarket trading of $306.95. The current COIN stock trading price is a 5.26% increase

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Gate.io Releases Guidelines to Its Users on How to Claim FORTH Airdrop

3 days ago

As noted by Gate.io, users can claim their FORTH airdrop by following a set of guidelines, with the first step involving the confirmation of their eligibilities. Major cryptocurrency exchange Gate.io has released a set of guidelines to help its qualified users claim the Ampleforth (FORTH) airdrop. According to an official announcement released by the trading platform, The Ampleforth team will be airdropping FORTH tokens to addresses according to on-chain records before March 30, 2021.Gate.io started backing the Ampleforth project back in July 2020, and based on this, it is estimated that the exchange’s customers are to benefit from the airdrop in FORTH valuation worth millions of dollars. The guideline is specifically targeted at users who deposited AMPL before March 30. The platform

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RIF Pinning Enables Decentralized Storage Economies

4 days ago

The RIF pinning feature allows users to pay for the storage and sharing services provided by other computers on the IPFS protocol. IPFS Network, a peer-to-peer protocol built on a decentralized platform for sharing data in a distributed file system, has announced the launch of its RIF Pinning feature to enable payments.According to project developers behind the IPFS protocol, the current system does not have a built-in economic incentive program. Thus the need for one to complete its data-sharing network.“This is where pinning comes in. When a file is uploaded onto IPFS, it will only exist for as long as it remains pinned by the computer that initially uploads it. But since the uploader is part of a peer-to-peer network, for it to be accessible by other IPFS users, it needs to be also

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Paxos Receives Preliminary US Federal Banking Charter Approval from OCC

4 days ago

Paxos hopes to be at the forefront of that wave of regulation and the recently gained approval is one more step along that road. The crypto giant Paxos received preliminary conditional approval from the US Office of the Comptroller of Currency (OCC) on Friday. Paxos joins Anchorage and Protego in holding a federal banking charter, which allows them to carry out custodial and management services for digital assets, stablecoin reserves, and crypto-based services like payments, trade, KYC, and exchange.Paxos, a blockchain infrastructure platform, is focused on building a regulated open financial ecosystem. Regulation is a big deal for Paxos, as the company strives for acceptance in traditional financial markets of the US. Already, Paxos holds a New York BitLicense, allowing them to trade

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Ethereum Has More Support Than Ever, Will Make Another Run To 2600

5 days ago

Dispersion Holdings is an investment company created by the co-founders of Argo Blockchain, which specializes in DeFi, and is about to launch its IPO on the Aquis Stock Exchange. Decentralized finance, which the investment company focuses on, is a revolutionary technology using blockchain and cryptocurrencies. Thus, DeFi is able to provide various financial services in the fastest, cheapest, most efficient and secure way. Most DeFi apps are built on top of Ethereum, the second largest cryptocurrency platform in the world.Dispersion Holdings has one of the most important challenges on its agenda – the development of fast-growing financial technologies in regions such as the United Kingdom, the United States and Canada. The company plans to achieve this goal through large investments.

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Canaan Strategically Partnered with Cathay to Launch AI Facial Recognition Module in Japan

5 days ago

Through the partnership, both Cathay and Canaan expect to expand their international coverage as the global economy recovers with the help of technology.  Canaan Inc ADR (NASDAQ: CAN), a semiconductor solution provider, has announced a strategic partnership with Cathay Tri-Tech., Inc. (“Cathey”) to introduce its artificial intelligence facial recognition module to the Japanese market. Notably, Canaan’s AI facial recognition module utilizes its Kendryte K210 AI chip.Cathay, a subsidiary of THine Electronics Inc. primarily designs, and manufactures mobile communications software and mobile communications equipment. The firm was established 27 years ago and is headquartered in Japan. However, since 2013, the firm has been involved in the development and manufacture of embedded software and

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SpaceX Successfully Launches Its Crew-2 Mission with Two Re-Used Components

5 days ago

For SpaceX, the Crew-2 mission is the second of the six missions the company has previously highlighted. American aerospace manufacturer and space transportation services company SpaceX has successfully launched its Crew-2 mission in which it sent four astronauts to space for NASA early on Friday morning. Per a TechCrunch report, the mission involved NASA’s Crew Dragon spacecraft, which took off from Cape Canaveral in Florida, aboard a Falcon 9 Rocket. This mission marks the second time the Elon Musk-led company will be sending NASA astronauts to space, as it looks to deepen its efforts to make space exploration a commercial opportunity.The four astronauts include NASA’s Megan McArthur and Shane Kimbrough, as well as JAXA’s Akihiko Hoshide and the ESA’s Thomas Pesquet. Per the report,

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Grayscale Effect Fades as GBTC Trades at Record -19% Low Discount

5 days ago

The discount has resulted in heavy losses for some investors, but Grayscale is keen on offering the discount to attract more even traders. The Grayscale Bitcoin Trust (GBTC) has descended into levels never recorded in its history. Data shows that the product is trading at a 19% discount. GBTC’s premium has notably failed to rise despite the firm adding $283.3 million in BTC under management earlier in the week.Beginning Thursday, GBTC’s premium has dropped by nearly 19% according to YCharts. This is the first time in its history it has sunk this low. Additionally, it is now in its third month of negative trading. The drop in the premium comes despite the firm continued accumulation of Assets Under Management (AUM). On Wednesday, the investment firm confirmed an additional $1 billion in

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BeneSwap Decentralized Derivatives Exchange: Changing Game in DeFi Offerings

5 days ago

BeneSwap is a new decentralized derivatives trading platform based on the underlying infrastructure of OKExChain. The blockchain technology ecosystem is gradually growing into the mainstream adoption cycle. This is due to the constant rollout of innovative products by the growing number of crypto-based platforms. From centralized to decentralized exchanges, the hoard of digital assets being rolled out today finds their way to a platform where they can be traded. As the crypto world aims to obliterate mainstream finance, both centralized and decentralized exchanges are now offerings specialized products including derivatives trading. However, centralized finance is well advanced in this market niche with the derivatives trading volume surpassing the amount traded in spot markets on a

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Craig Wright Wins Approval to Serve Copyright Lawsuit against Bitcoin.org

5 days ago

Wright claims he has no intention to bully smaller websites, neither does he plan on limiting access to the whitepaper, but he wants to prevent developers and creators of similar assets like the Bitcoin Core to deceive the public that their asset is Bitcoin Craig Wright, an Australian scientist, has won a minor procedural legal approval to serve Bitcoin.org A.K.A Cobra with a copyright lawsuit on the publication of the Bitcoin whitepaper. Craig Wright has long claimed to be the developer of Bitcoin, Satoshi Nakamoto, though the earlier documents released to support his claim were massively disputed.Bitcoin.org, according to the court, has not revealed its name, address, or identity. For this reason, Wright has the legal right to serve the lawsuit through Twitter or a generic email. It is

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Polygon Signs Partnership with DIGITALAX Platform to Venture into NFT Industry

5 days ago

Through the partnership, physical pieces will be distributed by DIGITALAX while Polygon will mint the corresponding NFTs. Polygon Network, formerly known as Matic protocol, has announced its collaboration with the DIGITALAX platform to issue a hybrid digital and physical fashion line. According to the dual, the partnership is based on the idea of non-fungible tokens (NFTs) as memes and a gateway that avails the sustainability of the digital markets.The NFT industry has been one of the leading markets during the past few months both in the crypto market and blockchain technology. Through the partnership, physical pieces will be distributed by DIGITALAX while Polygon mints corresponding NFT. “The collection will be sold as physical pieces, with a corresponding NFT minted on Polygon, with

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