Ethereum Optimism Unveils Token With Entire Airdrop Season

Ethereum scalability solution Optimism revealed their governance token, called OP. This will mark the beginning of a transformation process for the Optimism ecosystem. It aims and providing users with more power with a unique governance system. Related Reading | Bitcoin Beneath Key Support Level; What’s Next? Control via two entities, the Citizens’ House and the Token […]

Ethereum scaling solution Optimism upgrades governance structure

The Optimism Foundation has unveiled a new governance structure and token as part of its ongoing efforts to bring scalability and cost efficiency to Ethereum (ETH), the world’s largest smart contract platform.  The “Optimism Collective” was introduced Tuesday afternoon in a lengthy post that outlined its mission and governance mandate. Described as a “large-scale experiment […]

The Andy Milonakis NFT Show, EP. 20 – Goat Soup’s Dark Night Of The Soul

Tonight, on The Andy Milonakis NFT Show: It’s been a rough couple of months for the Goat Soup project. The immense star power of Andy Milonakis wasn’t enough to make it an instant success, and the NFT’s utility is taking longer than a portion of the public expected. As he usually does, Milonakis has been […]

OpenSea top-10 NFT projects soar as new liquidity enters the market

Spring is here and with it came a newfound awakening for nonfungible tokens (NFTs). In the last week of March, total sales volume rallied to $20 billion, but this metric took a dive from mid April to $17.6 billion.  However, on April 16, the newly landed Moonbirds NFT, pumped over $280 million worth of liquidity […]

What is impermanent loss and how to avoid it?

The difference between the LP tokens’ value and the underlying tokens’ theoretical value if they hadn’t been paired leads to IL. Let’s look at a hypothetical situation to see how impermanent/temporary loss occurs. Suppose a liquidity provider with 10 ETH wants to offer liquidity to a 50/50 ETH/USDT pool. They’ll need to deposit 10 ETH […]

Why does Ethereum have an intrinsic value?

Ethereum is shifting from a proof-of-work (PoW) to a proof-of-stake (PoS) governance mechanism in the foreseeable future, resulting in a faster and more efficient blockchain. The Ethereum Network has experienced a considerable spike in transactions volume and size since DeFi and NFTs have captured the finance and art worlds. Such traffic has often caused systemic […]

‘Legacy’ NFT prices are soaring, but exactly what makes a collection a blue-chip?

Blue-chip NFTs is a popular buzzword one will find strewn across Twitter and various crypto media. The term, “blue chip,” is borrowed from traditional finance where stocks that are considered to be the well-established extension of corporations known for their quality, reliability and financial stability. But, exactly what are blue chip NFTs and how are […]

U.S. Sanctions More North Korean ETH Addresses Over $600M Ronin Hack

The U.S. Department of the Treasury last week connected North Korean hacking organization Lazarus to an ETH wallet used in last month’s $622 million Ronin Network hack, a sidechain established for the play-to-earn game Axie Infinity. Now, the Treasury Department’s Office of Foreign Asset Control (OFAC) has added three Ethereum addresses to its blacklist, including […]

How to use Minecraft to understand the Metaverse and Web3

What is the Metaverse? The Metaverse is a term coined by Neal Stephenson in his 1992 science fiction novel Snow Crash to describe a future virtual reality-based online world. Some have gone as far as pronouncing Stephenson’s novel a prediction of the future. Before you agree that it’s some mystical peek into the future and […]