Enjin, the blockchain software company that co-created the ERC-1155 token standard, will be launching two scaling solutions intended to remove gas fees and provide cross-chain support for NFTs. JumpNet will be a “high-speed bridge network” that allows users to mint, distribute, and trade ERC-1155 NFTs (and ERC-20 tokens) without any gas cost or transaction fees.…

EulerBeats is a new NFT project that has emerged at the intersection of audio collectibles and algorithmically-generated art. For high-end collectors, EulerBeats might offer the chance to own a piece of NFT history, too. EulerBeats are, in essence, limited edition, algorithmically-generated beats attached to algorithmically-generated record art composed according to a multiplicative function called Euler’s…

Cloudflare, the internet infrastructure provider, now supports Unstoppable Domains’s .crypto domain name resolution. This will allow billions of users to access web content hosted on decentralized storage like IPFS and routed using blockchain-based domains. By using Cloudflare’s DNS over HTTPS, and after a quick change of settings, crypto enthusiasts can sidestep individual browser requirements and…

The Tamagotchi x Pokemon web3 crossover Axie Infinity has broken the record for the largest NFT sale yesterday afternoon as a community member purchased a digital plot of land for 888.25 ETH, worth over $1.5M at the time of writing. The sale comes alongside the launch of Axie Infinity’s custom sidechain, Ronin, which launched last…

Hashmasks, the latest craze in the NFT market, aren’t just about looking cool. Now, collectors can use their Hashmasks to provide liquidity on exchanges like Sushiswap. NFTX is a new protocol that allows users to create and invest in 1:1 NFT-backed index funds. This allows NFT holders to use their digital assets as collateral for…

Foundation added 100 new NFTs to auction as its V2 upgrade went live yesterday afternoon. The launch featured 1/1 drops running as 24 hours auctions, most starting at 1 ETH reserves with first edition items like Robbie Tilton’s Fire Sword leading the way at 5 ETH at the time of writing. “Foundation is bringing digital…

Rarible, the community-owned non-fungible-token (NFT) marketplace, announced a $1.75M seed round from investors including 1kx, ParaFi Capital, Coinbase Ventures, and Coinfund. Rarible token RARI jumped 60% to $8 on the news yesterday. Rarible intends to use the funds to develop a decentralized autonomous organization (DAO) structure which facilitates NFT trading. Central to the structure will…

A new twist on NFTs might hold the potential to change the entire nature of freelance writing. Mirror is a new publishing platform, akin to an open source, DeFi-oriented take on Medium. The platform will allow individual writers to crowdfund their work by minting their essays as NFTs.  Backers will be able to exchange ETH…

NFT collectors are flocking to get their hands on Hashmasks – a collection of 16,384 unique digital portraits. Each portrait features a combination of five traits with different levels of scarcity. The sale window opened with seven price tranches, quickly breaching the 100 ETH threshold and selling out yesterday morning for a total of $14M…

Zora Protocol has unveiled documentation around its universal media protocol, offering developer tools to create perpetual markets for NFTs by baking an order book directly into the token. Zora’s protocol creates assets that contain a market and media component, allowing NFTs to become independent of the platforms they are issued on, a concept they have…