02.26.2024
Recent news, updates and memes in web3 to keep you in the loop.
IN THE NEWS…
Yuga Labs x Magic Eden
Yuga Labs, ahead of the launch of Magic Eden's Ethereum marketplace on February 27th, announced that they will no longer support marketplaces that do not enforce royalties for creators. This decision reflects a commitment to empower creators in the Web3 space.
Magic Eden's marketplace will feature custom pages for collectors, loyalty rewards, and strict enforcement of royalties. Yuga Labs also revealed that their next PFP collection, called The Grailed, will debut on Magic Eden.
PPMan, a Yuga Labs product manager, emphasized that supporting creators financially fosters a vibrant and community-driven atmosphere in the NFT space, reminiscent of the 2021 NFT bull market.
MicroStrategy buys more Bitcoin - holding over $10b in BTC
MicroStrategy, a software company, has been actively investing in Bitcoin as part of its corporate strategy. This month, they bought around 3,000 Bitcoin tokens for $155.4 million, bringing their total holdings to about $9.88 billion worth of Bitcoin.
The company's chairman, Michael Saylor, started buying Bitcoin in 2020 as a hedge against inflation and an alternative to holding cash. He mentioned in an interview that they have no plans to sell their Bitcoin holdings, considering it a winning investment.
The average price for their recent acquisition was $51,813, while the average price for their total holdings is $31,544. Despite fluctuations, Bitcoin was trading around $51,379 at the time of the filing. Earlier this month, the value of their Bitcoin holdings briefly surpassed $10 billion when Bitcoin prices reached a two-year high.
SBF Prison Photo Leaked
In a recent interview with crypto-journalist Tiffany Fong, an ex-cellmate of Sam Bankman-Fried leaked a photo of SBF in Metropolitan Detention Center, Brooklyn where he is being held.
Excitement brews for Blast token unlock at the end of June
A groundbreaking project, Ethereum Layer 2 Blast, is shaking up the cryptocurrency scene ahead of its mainnet launch and an anticipated airdrop. Created by the BLUR team, Blast has swiftly amassed a Total Value Locked (TVL) nearing $2 billion, signaling strong interest from users.
Blast promises native yield for Ethereum and stablecoins, offering attractive interest rates that outpace typical L2 protocols. Its ecosystem is already bustling with activity, backed by a team with extensive experience from FAANG and prestigious universities.
The protocol's emphasis on creator rewards and its comprehensive ecosystem has garnered attention from collectors and digital art enthusiasts alike. With over 3,000 teams building on the platform, Blast is poised to become a thriving hub for DeFi, NFTs, memecoins, and more.
Developers are flocking to Blast, enticed by its innovative features and promise of revenue streams. The recent Big Bang Competition attracted a plethora of applicants, highlighting the community's enthusiasm for the project.
In addition, farmers have been actively participating in the protocol for months, with tokens set to unlock at the end of February, adding to the anticipation surrounding Blast's launch.
As excitement builds for Blast's mainnet launch and upcoming airdrop, it's essential for investors to conduct thorough research and understand associated risks. Nonetheless, Blast's rapid ascent and robust ecosystem position it as a key player in the evolving crypto landscape of 2024.
MORE NEWS:
Bitcoin Blasts Past $53K as Crypto Rally Resumes, over $200m in Liquidations - Block Journal
BitForex Website Goes Dark Amid Reported $57M Outflow - CoinDesk
Pudgy Penguins extends Walmart Partnership to 1,100 more stores - X
Do Kwon to be extradited to the US, CZ’s passports seized - CoinTelegraph
AI tokens rally amid Nvidia’s breakout earnings - CoinTelegraph
IN THE MEMES…
BitBoy boxed $BITCOIN Dev ‘More Light’ at Karate Combat’s Fight Night. Watch full fight HERE
