Cryptostreet

With the successful NBA top shot series, the flow blockchain is currently dominating the NFT sector.  With Palm, ConsenSys throws an Ethereum-compatible competing product onto the market that could redistribute the cards. You can argue about sense or nonsense, but the fact is: The flow blockchain from Dapper Labs has blossomed into the top of the NFT transshipment centers thanks to the success of the NBA top shot collectibles.  Over 470 million US dollars have now  flowed  into the digital trading cards  .  The CryptoPunks series based on Ethereum followed a long way off.  In the battle for pole position, the blockchain company ConsenSys is now throwing a competing product on the market that is intended to secure the supremacy of Ethereum blockchain in the new boom sector. Palm, the Ethereum answer to Flow On March 30 ConsenSys gave art service HENI Group and the film production company Heyday Films set up a joint "innovation laboratory"  known ...

Bridges between blockchains are the future.  IOTA has also recognized the signs of the times and is expanding to the Binance Smart Chain. In a blog post, the IOTA Foundation recently  announced  that it is now possible  to use  the MIOTA token on the  Binance  Smart Chain.  So-called cross-chain liquidity has recently become more and more important.  In addition to IOTA, crypto projects such as  SushiSwap ,  Curve Finance ,  and many more are working on expanding to as many blockchain networks as possible.  They hope that this will result in more liquidity and growth for their ecosystem. The IOTA Foundation also hopes for more  decentralization, liquidity and growth  through the expansion to the BSC .  The team wants to achieve these goals with the so-called Wrapped IOTA. Asset wrapping is a process in which assets, i.e. assets from the analog world, currencies, or cryptocurrencies, are tokenized.  The ...

  A social media campaign by the XRP Army aims to motivate the crypto exchanges to resume trading in XRP.  Many had canceled their Ripple offer in the face of the SEC lawsuit.  There is already a first resumption. In the course of the legal dispute between Ripple and the SEC, a large number of crypto exchanges suspended trading in XRP.  Nevertheless, the price has recently increased significantly, while the prices of other cryptocurrencies tended to turn down.  One reason for this could be a campaign that loyal Ripple fans started under the hashtag  #RelistXRP .  The aim is to ensure that trading with XRP is possible again.  The fan base is also called “XRP Army” by the scene.  She feels that it is unfair that the exchanges have removed Ripple (XRP) from their ranges due to the legal tussle with the SEC. In her opinion, the ongoing legal process should not affect trading in digital asset.  Even if it is not a crypto exchange, the  l...

  DeFi has found its way into Elon Musk's Twitter poetry while a “beeple generator” now enables anyone to become an NFT artist. The  Binance  Smart Chain (BSC) was able to get closer to the DeFi-Primus Ethereum in the past week.  The value of the assets stored in BSC's DeFi applications (Total Value Locked, TVL) has risen from USD 15,425 billion to USD 17.825 billion in the last seven days. The TVL growth of over 16 percent can only be partially explained by the price development of BNB, the primary asset of the Binance Smart Chain: Binance Coin is trading at USD 277.3 at the time of going to press and was therefore “only” 4. 3 percent increase. The fact that the TVL is growing faster than the  BNB rate  indicates a growing use of BSC-based platforms.  The Uniswap clone PancakeSwap still dominates there with a TVL of 6.1 billion USD, closely followed by the crypto-lending protocol Venus, which weighs 5.96 billion USD.  With the stablecoin exchange...