The Sandbox, a metaverse platform, has initiated Know Your Customer (KYC) verification for its staking procedures, as declared in an announcement on August 3rd. Verified users are now exclusively permitted to deposit The Sandbox’s native tokens and access staking rewards, while...
Nonfungible tokens (NFTs) have witnessed a substantial decline in Ethereum gas consumption since their peak in 2021, signifying a notable shift within the NFT ecosystem. Despite an increase in Ether gas prices in May, NFT marketplaces have contributed only 3% of the overall Ethereum...
The creators of the Bitcoin Ordinals protocol have founded a nonprofit organization called the Open Ordinals Institute to foster the growth of nonfungible tokens (NFTs) within the Bitcoin ecosystem. As the Ordinals inscriptions achieved a significant milestone of 21 million, this...