pax․world: A Token Must Be an Economic Bedrock Not a Collectable Gimmick for ...
This week, pax.world launched $PAXW, its proprietary utility token for the metaverse. The process of designing and launching $PAXW has provided a clear understanding of the token’s inherent purposes, enormous potential, and possible dangers. Let’s begin at the top: A utility token is a cryptocurrency that serves a specific purpose within a particular ecosystem. Utility tokens give holders the right to perform specific actions on a blockchain network or decentralised application – in this case, $PAXW is native to pax.world. It is a utility and governance token rolled into....
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Just recently, online retailer Overstock announced that they would be offering securities based on blockchain technology dubbed as cryptosecurities. This would feature benefits that traditional financial securities do not enjoy, such as safer and faster clearing and not incurring fees from middlemen or clearinghouses. While it has been acknowledged that the value of bitcoin probably lies in its use as a medium of exchange or facilitating transactions rather than its dollar equivalent, some industry experts that this cryptosecurity offering is nothing but a gimmick. Blockchain....
Yearn.finance’s YFI token saw another capitulatory decline yesterday that sent its price reeling down to lows of $12,300. At this point, its price was able to find some serious support that slowed its ascent and helped it rally higher, with bulls now moving the retake control of its short-term outlook. Its ongoing rebound is coming […]
Digital Arms, an NFT trading platform for firearm, gaming and hunting enthusiasts, is making it possible to buy branded NFT firearms. The team is leaning on their vast combined experience in the firearms and hunting industries to develop a world-first platform that brings non-fungible tokens to the space. The aim is to provide a user-intuitive platform that opens up access even for newcomers to the crypto market, who will be able to buy, sell and trade NFT firearms and accessories. Regarded as the next evolution in firearms, going digital expands the use of NFTs not only as collectibles....
India's WazirX has launched an NFT marketplace for the exchange of digital assets. The launch comes after a strong month for the exchange's in-house WRX token. India’s largest cryptocurrency exchange, WazirX, has launched a nonfungible token marketplace for the exchange of digital art, assets, intellectual property and more, reports India’s Economic Times.The launch comes hot on the heels of a month when WazirX’s in-house exchange token, WRX, gained almost 2,000% in value, as its price jumped from $0.27 to $5.66. The exchange itself was subject to the same trajectory during the past six....