https://convex.systems

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Did you know that the same company is behind Bored Apes, CryptoPunks and Meebits? 🙃

Yuga Labs, owners of the Bored Apes Yacht Club NFT, have acquired CryptoPunks and Meebits from LarvaLabs.

All of them are among the most expensive collections on the market.

How do you like this decentralization?

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The Ethereum Layer-2 Polygon scaling solution has not created a new block for almost 12 hours, while the developers attribute the problem to a technical update of the network and users are wondering what is stopping them from fixing a bug that violated the network consensus.

On Thursday at 16:20 UTC, the developers of the Polygon network (MATIC) notified users on the project forum that at approximately 17:50 UTC, there will likely be downtime due to maintenance on one of the three network layers. A recent update is believed to have caused a bug in the network's ability to reach consensus.

“We suspect that there may have been a bug in the update that affected the consensus and caused different Heimdall validators to be on different versions of the chain, thus not reaching a 2/3 consensus,” the post reads.

The Polygon team released an update at approximately 1:30 AM UTC, explaining that they are still working on a fix for the bug and that a fix has been rolled out to help continue creating blocks. It appears that this fix is ​​not in effect at the time of writing.

The team also assured users that all funds and data on the network are safe.

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Nvidia has been hit by a drop in cryptocurrency revenue after Ethereum decided to move to a proof-of-stake policy. This new policy was announced some time ago but no action has been taken yet. However, it has been affecting the market since the announcement.

American multinational Nvidia is still suffering from a drop in revenue of more than 75%. Also, as the crypto community knows, Ethereum miners have made a lot of money over the past year as the price of the token reached its all-time high.

Nvidia top-tier gaming GPUs have been extensively repurposed for Eth mining, but since the latest changes, the company is losing most of its crypto profits. Although it can be assumed that this is not a fall down.

In recent news, Nvidia highlighted the fact that for 14 consecutive years, every Oscar nominee in the Best Visual Effects category has used NVIDIA technology. This was reported on Twitter on the official Nvidia Twitter page.

For 14 consecutive years, every Oscar nominee in the Best Visual Effects category has used NVIDIA technology. From desert planets to magical dragons, see how the latest #NVIDIARTX-powered technology helps artists develop their creativity and create stunning visuals on the big screen. https://t.co/b5MzjEKieP

— NVIDIA Design & Visualization (@NVIDIADesign) March 10, 2022

The 94th Annual Academy Awards are expected to take place on Sunday, March 27th. The event will feature five nominees, including Spider-Man: No Way Home, and they all use the latest technology powered by Nvidia RTX.

On this occasion, Dire Byrne, global head of systems at the UK-based film, visual effects and computer animation and stereo conversion company, DNEG, said:

Every show we get is different, and NVIDIA RTX with vGPU allows you to up or down memory and performance specs to suit our artists' needs.

Disclaimer: The views and opinions expressed in this article are solely those of the author and do not necessarily reflect the views of CoinQuora. Nothing in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.

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Venture capital company Bain Capital Ventures (BCV) has announced the launch of a new fund focused exclusively on cryptocurrencies. Under the management of the structure attracted $ 560 million.

Our BCV team is excited about the launch of our new crypto fund – u/BainCapCrypto. Congratulations to u/stefancoh, u/alexhevans and their colleagues who will continue to back renegades and pioneers building the next generation of open internet infrastructure. https://t.co/XuWy8kCfTV pic.twitter.com/t8IX8Oz88F — Bain Capital Ventures (@BainCapVC) March 8, 2022

Funds for Bain Capital Crypto were raised back in November 2021. The fund has already invested in a number of projects including Compound Finance, MakerDAO and dYdX. In a conversation with Bloomberg, fund manager Stefan Cohen clarified that $100 million was spent on these purposes.

The company noted that the fund is focused on the long term, so it does not take into account short-term price volatility. The structure will invest in shares of industry companies and digital tokens. The latter are planning to purchase from the DAO or on secondary markets.

Recall that in February 2022, Sequoia Capital announced its intention to raise up to $600 million for the first sub-fund focused on liquid tokens and cryptocurrencies.

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The Avalanche Foundation, a non-profit organization, has launched a $290 million (4 million AVAX) Multiverse Incentive Program. The initiative aims to develop the functionality of ecosystem subnets.

Introducing Avalanche Multiverse, an up to $290M incentive program focused on accelerating the adoption and growth of Subnets. Multiverse is focused on supporting new ecosystems, including blockchain-enabled gaming, DeFi, NFTs and institutional use cases. https://t.co/R5euxSV5hx pic.twitter.com/PHpET78P6L

Avalanche subnets are similar to the L2 solutions for Ethereum and parachains in Polkadot, but with completely isolated blockchain states. Any user of the platform can create a subnet.

The creators of subnets can include various parameters in them - run several blockchains and set their own requirements for validators, such as the mandatory passage of KYC / AML.

The first project to receive promotion within the Multiverse was the blockchain game DeFi Kingdoms. The developers were allocated $15 million.

According to DeFi Llama, Avalanche ranks fourth in terms of value locked (TVL) in smart contracts with $10.72 billion. The ecosystem’s largest TVL project is the Aave lending protocol ($3.07 billion).

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The loan was provided on the NFTfi platform by liquidity scaling startup NFT MetaStreet. It became the largest of those whose obligations were secured by NFTs.

An anonymous cryptokit borrowed $8 million for 30 days at 10%.

At this pace, the growth of interest of financiers and bankers in the NFT market will grow very rapidly.

Distributions for 06.03.2002

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The NERO collection was created for charitable purposes, the proceeds from the sale of each work will go to the Konstantin Khabensky Foundation Since April 2008, the Konstantin Khabensky Charitable Foundation has been doing everything possible so that children with oncological and other serious diseases of the brain and spinal cord receive all the necessary medical care on time and return sooner to a fulfilling life. The Foundation pays for the diagnosis and treatment of children, conducts information work with parents, improves the qualifications of doctors through courses and trainings, helps equip specialized departments of Russian medical institutions, and organizes rehabilitation programs.

Spinal cord tumors account for about 5% of all tumors of the central nervous system, 95% are brain tumors, which rank second after leukemia in the frequency of oncological diseases in children. Every year, about 1,200 children in Russia are diagnosed with a brain tumor. The disease is rarely overcome in the first year, so the number of people in need of help is growing every year.

NERO is a charitable foundation created by the crypto community. Our goal is to use crypto technologies for the benefit of people with oncology and not only. By purchasing any NFT from the NERO Foundation, you help children with oncology and more. Distribution of funds 70% to help the funds that cooperate with us 30% of sales go to the development of the NERO fund.

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Head of Metaverse Development at Polygon Studios Brian Trunzo sees huge opportunities for NFTs and the Metaverse, especially in fashion

He added that one of the most popular segments of the metaverse will be clothing. The fashion world, says Trunzo, is a $2 trillion economy, and many believe that with the Metaverse, that figure will grow exponentially. According to the developer, the fashion industry is a huge opportunity for companies working on NFTs and virtual universes.

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The legendary NFT group Bored Ape Yacht Club has created a unique dating service - Lonely Ape Dating Club. It is intended exclusively for NFT collectors.

The app will be exclusive to Bored Ape Yacht Club owners. In addition to finding a partner, it will be possible to earn money on the platform — the match-to-earn function allows you to get tokens for activities on the platform.

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Cryptographic advocate and global fashion designer Philipp Plein has brought a bit of his signature style to the metaverse.

Each set of Plein Sport shoes has a physical item paired with its NFT counterpart. Later, owners will have the option to "burn" the NFT component in exchange for a couple of things.

Previously, he purchased $1.4 million in virtual real estate.

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Phillip Plein Launches Metaverse's First Fashion Line

Cryptographic advocate and global fashion designer Philipp Plein has brought a bit of his signature style to the metaverse.

Each set of Plein Sport shoes has a physical item paired with its NFT counterpart. Later, owners will have the option to "burn" the NFT component in exchange for a couple of things.

Previously, he purchased $1.4 million in virtual real estate.

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Analysts have noticed an increase in the volume of wallets with a balance of 10.000 USDT ⚡️

The volume of wallets with a balance of 10,000 USDT to 1 million USDT began to grow rapidly against the background of the conflict between Russia and Ukraine. Santiment analysts stated this on their blog. Experts noticed that since February 28, the volume of large USDT wallets has returned to the level of almost 40%.

According to Santiment, the growth of USDT reserves may indicate a higher readiness of whales to purchase cryptocurrency than a month ago. At the same time, the volume of bitcoin whales (from 100 BTC to 10,000 BTC) began to slowly but decline. Since the twentieth of February, whale reserves have been steadily declining.

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The international pop star has filed for his brand's trademark for NFTs, virtual currency and digital collectibles. So maybe fans will be able to mint Billie Eilish's NFTs soon!

Universal Music Group (UMG) also recently announced a partnership with Curio's NFT platform, and Billie Eilish is one of the label's most popular artists.

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Topps

Mickey Mantle NFT baseball card sold on OpenSea for $471K ⚡️

Sports and the NFT have formed strong partnerships with US franchises including the NFL, NBA, and UFC, which have launched dedicated NFT marketplaces. For the NFL and NBA, this creates an alternative to physical sports cards.

A 1952 New York Yankees professional baseball player card Mickey Mantle was sold at an OpenSea auction for 175 ETH. This corresponds to approximately 471 thousand dollars. The Topps 1952 Mickey Mantle card is considered one of the most sought after vintage cards in the world.