Author: Emily Tonelli
Key Takeaways Society of the Hourglass is a collection of 8,888 historically-themed NFT characters on Ethereum. The project’s NFTs act as an entry point into an ecosystem that will eventually encompass books, merchandise, and an animated series for kids. Society of the Hourglass is among the first family-focused NFT projects to emerge, hinting at how the market could evolve in the future. Share this article As company after company goes bust and even the strongest cryptocurrencies flounder, life goes on in a surprisingly resilient NFT market. The Society of the Hourglass is not an average NFT project, though, partly because it’s…
Key Takeaways Chainlink is crypto’s top decentralized oracle network, known for providing price data to power DeFi applications. The network is planning to launch a token staking and node delegation system. The updates could help make Chainlink more secure and decentralized, potentially sparking renewed interest in the project. Share this article Plans to grow Chainlink’s oracle network and shore up its security through a new token staking system could give the project a new lease of life in late 2022. What Is Chainlink?Chainlink is a decentralized node network that provides data and information from off-chain sources to blockchain smart contracts via…
Key Takeaways sudoswap is a decentralized NFT marketplace built on Ethereum. It adopts an automated market model similar to Uniswap, hosting liquidity pools for NFTs rather than standalone listings. sudoswap’s design offers several advantages for NFT trading over other venues like OpenSea, which explains why its popularity has soared in recent weeks. Share this article Learn how to buy and sell NFTs on crypto’s first NFT automated market maker. What Is sudoswap?sudoswap is making NFT trading even easier.Launched in May 2022, sudoswap is crypto’s first NFT automated market maker. The Ethereum-based platform functions similarly to Uniswap, letting users trustlessly trade assets…
Key Takeaways GMX is a decentralized exchange built on Avalanche and Arbitrum. It lets DeFi users trade with up to 30x leverage in a permissionless manner. GMX offers a smooth user experience that’s perfectly suited to retail DeFi traders. Share this article GMX users can “long” or “short” up to 30 times the size of their collateral by borrowing funds from a large liquidity pool.Decentralized LeverageGMX is a popular decentralized exchange that specializes in perpetual futures trading. Launched on the Ethereum Layer 2 network Arbitrum in late 2021 and later deployed to Avalanche, the project has quickly gained traction by…
Key Takeaways Arbitrum’s Nitro upgrade has led to increased activity on the Ethereum Layer 2 solution. While Arbitrum doesn’t have its own token yet, two of its native protocols may serve as substitutes for traders looking for exposure. GMX is a decentralized futures exchange, and Dopex a decentralized options exchange. Their governance tokens of both accrue fees generated by the protocols. Share this article GMX and Dopex, two of the top protocols on Arbitrum, may provide opportunities for traders to gain exposure to the Layer 2 solution while waiting for any native token it may one day release. Nitro Upgrade SuccessfulArbitrum’s…
Key Takeaways A coalition of developers and miners plan to fork the Ethereum blockchain after the Merge. Doing so will create a new Proof-of-Work chain that will match users ETH balances with an equal amount of a new coin called ETHW. ETHW will likely hold some value and can be sold on centralized exchanges that support its trading. Share this article After Ethereum is forked, addresses holding ETH will receive an equal amount of ETHW on the forked blockchain. Preparing for the MergeEthereum is switching to Proof-of-Stake, but miners are planning a Proof-of-Work fork. A group of anonymous developers supported by many…