cryptocurrency widget, price, heatmap
Search icon
Search icon
Telegram iconTwitter icon
Share icon
Share page
Cryptocurrencies/Coins/Immutable X (IMX)
Immutable X price, market cap on Coin360 heatmap

Immutable X(IMX)

Arrow icon
Add to watchlist
$1.1627
(1.79%)
0.00004702 BTC
Market Cap (Rank#151)
$273,558,958
11,062 BTC
Vol 24h
$13,819,088
558.829 BTC
Circulating Supply
235,284,001
Max Supply
2,000,000,000
13h agocryptodaily
BlackRock Launches Spot BTC Private Trust
The investment management company has launched a private trust, which will be its first product offering direct Bitcoin exposure. Private Trust For Institutional Investors The private trust launched by BlackRock will provide institutional clients based in the United States with direct exposure to spot Bitcoin. The trust will track the performance of Bitcoin while lowering the expenses and liabilities. The decision to embark upon this project was taken due to the residual interest from certain clients. The company announced the launch of the trust through a public statement on its website, where it wrote, “Despite the steep downturn in the digital asset market, we are still seeing substantial interest from some institutional clients in how to efficiently and cost-effectively access these assets using our technology and product capabilities.” Being the largest, oldest, and most liquid crypto, Bitcoin has captured the attention of BlackRock’s client base, who are keen to dabble in this asset through an investment management firm. BlackRock’s Web3 Moves Many communities and groups have raised concerns about the energy-intensive process of Bitcoin mining and its environmental impact. Although BlackRock is not involved in any way with the mining operations, the team has mentioned that it would be doing its part in supporting initiatives to introduce sustainable energy usage in Bitcoin mining. The company’s Web3 initiatives have been distributed among four areas of interest: permissioned blockchains, stablecoins, cryptoassets, and tokenization. The spot Bitcoin private trust is its initiative in the cryptoassets category. Partnership With Coinbase Earlier this year, BlackRock CEO Larry Find had indicated that the company might start dabbling in crypto trading. The company’s other noteworthy web3 endeavor was its recent partnership with crypto exchange Coinbase to offer cryptocurrencies to institutional investors. The partnership will enable BlackRock’s institutional investment management platform Aladdin to provide its clients with crypto trading functionalities and all associated capabilities. To access these services, institutions must sign up for Coinbase Prime, a trading solution service tailormade for hedge funds, asset collectors, financial institutions, and corporate treasuries. Institutional Investors Want More Crypto Action With roughly $9 trillion in assets under management for institutional clients, including central banks, BlackRock is the biggest asset fund manager in the world. According to a market leader and expert, Barry Silbert, the recent Bitcoin private trust from BlackRock will provide a simpler and safer channel for central banks around the globe to invest in the crypto. Institutional investors are increasingly warming up toward digital assets despite an overwhelming bear market. With individual investors pulling out of the market, there is ample space for institutional investors to set up shop through the safe exposure promised by BlackRock’s private trust. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
14h agocryptodaily
New Ripple report gives expectations of wide scale adoption of crypto but points to lack of understanding of the technology as major barrier to overcome
Crypto solutions company Ripple has just published a new report into crypto trends in business. The report highlights the blockchain-driven Internet of Value that transcends national borders and which enhances or replaces existing ways of doing business. Big picture According to Ripple, blockchain and cryptocurrency technology, together with central bank digital currencies (CBDCs) are expected to have a big impact on institutions. The various technologies such as crypto and NFTs are being leveraged by enterprises, governments and in different ways, as new use cases come to light. However, given the nascent state of these new technologies, and the inability of many to fully understand the possibilities, together with the ponderous application of regulations, the crypto industry is having trouble surmounting these barriers to more widespread adoption. Cryptocurrencies, NFTs, and CBDCs Ripple’s report gives credit to NFTs for a lot of the consumer interest in cryptocurrencies and blockchain. Although it does point out that the user experience with NFTs has not been easy due to “infrastructure and design.” In Ripple’s estimation, and more controversially from a crypto point of view, CBDCs will add to what has been done by cryptocurrencies and stablecoins and thereby “drive the blockchain flywheel”. However, the following statement in favour of crypto really gives a bold summary for the effect of tokens such as cryptocurrencies: “There are hints that finance leaders across both Financial Institutions and Enterprises are again seeing tokens, including crypto, as an even more powerful force than the foundational blockchain technology which drives them” Following on from the general buy and sell patterns taken by tokens when they are first launched, Ripple believes that in some cases this gives way to more sophistication and enhanced programmability, which is now happening with NFTs and CBDCs. Most valued use cases Institutions see most value in cryptocurrencies for portfolio management, which includes hedging, and secondly for payments. Wider uses around such technologies as DeFi are still not being investigated by most institutions. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
1 day agocryptodaily
LEAP - a new sports social media platform let’s youth athletes monetize their skills
In the U.S., home to many of the most prominent sports associations in the world as well as a high-class college and youth sports infrastructure, only one out of 16,000 high school athletes turns pro. In regions like Latin America and Africa, where sports are just as popular but resources more limited, the chances are even lower. By specifically working with young athletes from impoverished and isolated communities, LEAP brings together a digital community of both youth sports talent and talent seekers and fans to help the athletes, not only gain recognition, but also get rewarded based on their skill levels. In the newly released whitepaper, LEAP breaks down its $LEAP token, the tokenomics, as well as the distribution algorithm and many platform features including the marketplace, in-game experience, and NFT collections. LEAP, founded in 2021 and based in Israel, is a sports discovery and monetization platform empowering young athletes from across the world to develop and improve their talent through a gamified online experience. On LEAP’s platform, youth talent can create short-form videos of their real-life skills and use them to compete online with other talents worldwide in the digital arena in order to gain recognition from peers and talent seekers, while also getting rewarded. By leveraging blockchain technology, using NFTs, and a real-life in-app gaming mode, LEAP is building a digital sports community to democratize talent discovery across the globe and ensure their social inclusion. In the whitepaper LEAP’s introduces a sports economy powered by Web3.0 and Play-2-Earn elements, offering an alternative route to stardom for young athletes and a new way to monetize their skills “Our whitepaper serves as our manifesto and marks an important milestone for the LEAP community because it's paving the way for our platform launch,” says Omri Lachman, CEO and Co-Founder of LEAP. “Our platform approaches the sports industry from a completely new and different perspective. We are diligently building the framework to host a global network of sports talents as well as talent seekers, agents, and fans in a fun and interactive way that uses Web3.0 technology to help level the sports playing field for all, while delivering the Web3.0 visionary promise of individual ownership over data, content and digital assets.” The release of LEAP’s whitepaper signals the upcoming launch of its platform, detailing the token creation (ERC-20) process, partnerships with exchanges, launch of the prototype, and more. In the whitepaper, LEAP chronicles $LEAP utility token’s potential to facilitate the entire platform’s economy and support a global community connecting young athletes with talent seekers. An athlete using LEAP receives a unique digital player card, backed by an NFT after completing certain milestones as they engage with the platform. Player card NFTs upgrade as the athlete’s score and rank in LEAP’s gamified platform increases. Talent seekers, fans, pro athletes, and others who join the athlete’s “Fan Clan” can acquire his or her NFT player card and become active endorsers having a direct impact on the athlete’s growth. This offers an engaging way to reward and motivate digitally native, next-generation athletes and those who support them early on. Through LEAP, youth athletes get to showcase their skill-sets in short-form videos uploaded to the platform. By specifically working with young athletes from impoverished and isolated communities, LEAP brings together a digital community of both youth sports talent and talent seekers to help the athletes, not only gain recognition, but also get rewarded based on their skill levels and continuous engagement in sport activities. The app features a customized video creator—LEAP Studio—with specific filters, sticks, and add-ons to help talents better highlight their individual skills based on their sport. Talents can use the videos to challenge each other in LEAP DARE Battles, where the community votes for whoever they think performed the skill better, and winning will boost the value and rarity of the users NFT Player Card. For more information visit https://www.playleap.io/ and https://www.leaptoken.io/ Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
1 day agocryptodaily
Green is The New Gold: The Top 3 Blockchain Projects Saving the Planet
In recent decades, discourse around the environment has become more significant and everpresent. People are rightfully worried about how our technologies affect our global ecosystem. With the recent heatwaves and fires that spread around Europe this summer, the topic of climate change has been on everybody's lips. Blockchain tech is often a primary antagonist when the environment is discussed. Bitcoin is regularly cited as being deeply energy hungry and detrimental to the preservation of our world. However, several projects in this industry have the opposite effect, directly helping the environment. Let’s delve into three crucial blockchain projects that are making an effort to bring positive environmental change. Megatech Megatech is a project that promotes and incentivizes the use of solar power within Africa. To do this, Megatech has launched a cryptocurrency that gives token holders returns on the solar fields that the company owns. When these solar fields are used, token holders earn more money, incentivizing people to fund and promote sustainable energy sources. Megatech is already in motion to set up one of its solar fields (named Project Beta) in Hertzogville Free state, South Africa. It is a 60-megawatt plant connected to a 100-megawatt per hour (MWh) state-of-the-art storage technology unit. This allows for maximum efficiency and, therefore, maximum sustainability. The idea behind Megatech is to help solve the energy supply crisis in South Africa, where there is not enough electricity within the country to sufficiently power its national grid, causing blackouts and shortages. However, Megatech is also looking to help the global effort to bring sustainable energy, as they have teamed up with ZPN Energy, a UK energy and storage provider. Nori Nori is a blockchain-based carbon removal company aimed at helping people and organizations reduce or neutralize their carbon footprint. To do this, Nori has created a carbon removal marketplace– this is where people can choose to offset or eliminate their carbon footprint by paying other companies to remove carbon from the atmosphere. Currently, the marketplace focuses on allowing people to fund agriculture projects that store carbon within the soil. When somebody pays for carbon removal on the marketplace, their transaction is logged to the blockchain. They are subsequently given a verifiable certificate proving they have made a positive environmental change. This is especially important as the carbon credit, and removal industry is rife with fraudulent behavior, pushing companies to use traceable and publicly visible records to prevent this. Rewilder Rewilder is a crypto-based non-profit focused on purchasing land for wildlife conservation. The project asks users to donate Ethereum, which goes directly towards purchasing and preserving land worldwide. After donating, each user is issued a special NFT that provides regular updates on how their money has been used and what environmental impact they have instigated. Like Nori, Rewilder is mindful of the need for transparency regarding environmental procedures. Therefore, everything that happens within this project can be tracked and traced via the Ethereum blockchain. People can even find the specific location of the land they helped to conserve via their NFTs. Shifting Perspectives These three projects actively change the discourse around blockchain tech and the environment. They are moving the needle away from the damaging practices that projects like Bitcoin have been shown to employ and towards more eco-conscious efforts. And by doing this, they are changing people's opinions of blockchain tech and proving that this industry can act as a bastion of hope for the world. The crypto and blockchain industry is becoming a champion of the environment, with Megatech and other projects leading the charge to transform the world back to a state of ecological and climate harmony. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
1 day agocryptodaily
Tezos Is Gaining Traction In DeFI, NFTs & More
Following a busy summer that saw Tezos host its annual developer conference in Paris shortly after welcoming USDT into its fold, the blazing fast, energy friendly blockchain network is enjoying rapid traction in both the NFT and the DeFi spaces. The TEZ/DEV conference, which wrapped up on July 23, provided us with an in-depth look at the reasons why an increasing number of projects are looking to build on the Tezos blockchain. Tezos is well known for being one of the most environmentally-friendly blockchains around with an incredibly low carbon footprint, but few are aware of its blazing-fast transaction speed. Tezos can currently process an already impressive 40 transactions per second but it has ambitions to go far faster than that. At TEZ/DEV, it announced plans for a coming update due next year that will see it accelerate to an incredible 1 million transactions per second - making it by far and away the fastest decentralized network on the planet. To get an idea of how much faster that is than anyone else, Visa itself can only process around 65,000 transactions per second. This incredible speed target of Tezos is one of the reasons why some analysts believe Tezos could eventually become the gold standard for blockchain-based finance. A report by the Bank of America last year noted that Tezos is being explored by dozens of organizations that are looking at ways to make their business processes run faster and more efficiently. The report added that in terms of developer interest, Tezos is one of the most popular of all blockchains. In his keynote speech at TEZ/DEV, Tezos co-founder Arthur Breitman discussed his vision of the kinds of organizations he sees building on Tezos, highlighting his belief that it will become the platform of choice for financial services firms. DeFi on Tezos is already growing fast, thanks in part to the recent launch of Tether USD on its blockchain. With USDT now available on Tezos, it vastly simplifies the on-ramp and off-ramp into Tezos's DeFi ecosystem as it provides users with the safe-haven of a stable asset from which they can move into, and out of, positions. The DeFi community on Tezos has moved quickly to embrace USDT. Within hours of its launch, the Youves DEX voted to create USDT trading pools, and currently offers USDT holders with long-term farming rewards of up to 15% APR. Another DeFi protocol to accept USDT is Plenty, which offers incredible long-term annual yields of 40% and 34%, respectively, in its kUSD/USDt and uUSD/USDt farms. Meanwhile at QuipuSwap, users have created a tez/USDt pool with similarly enticing rewards. Moreover, the Atomex Wallet has introduced atomic swaps with USDt on Tezos. The potential of Tether USD on Tezos was not lost by major cryptocurrency exchanges either, with both Binance and Bitfinex announcing they'll support trading almost immediately after its launch. The support of Binance is interesting because it opens the door to other stablecoins potentially looking at Tezos. Bitfinex has been especially accommodating, making it possible to deposit and withdraw USDT. What's more, all types of USDTs are unified for trading purposes, meaning users have the flexibility to deposit ERC-20 USDT, trade with it, then withdraw it on Tezos. Tezos Chief Technology Officer Paolo Ardoino said at the time that Tether USD was sure to aid Tezos's future ambitions. "Tezos is coming fast onto the scene and we believe that this integration will be essential to its long-term growth," he added. Elsewhere, Tezos continues to make rapid inroads in the NFT space. NFTs have been one of the biggest success stories for Tezos, due in part to its low carbon impact. Artists tends to be more environmentally conscientious than most and the appeal of Tezos's "clean NFTs" has made a big impact. Numerous high-profile artists have launched collections on its blockchain, among them Doja Cat. More recently, there have been rumors that Spotify is looking at using Tezos for its own music NFT projects. To give you an idea of where this might be headed, check out the OneOf music NFT marketplace on Tezos, where users can trade digital assets without even realizing that everything is based on blockchain technology. There are other reasons to believe in Tezos too, with recent partnerships and sponsorships with sports teams like Manchester United, the New York Mets, Red Bull Racing and McLaren providing tons of optimism for its future. These sponsorships will ensure Tezos benefits from greater visibility beyond its immediate audience and help it to continue to expand its horizons. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice
1 day agocryptodaily
Bitcoin And Ethereum Believers Are Looking For New Projects - Is Persystic On Their Radar?
2022 has not been the best year for cryptocurrencies as yet. Several events, such as the Terra Luna collapse and the recent crypto crash, had a significant impact on the crypto community and beyond it. Even though the market crash is considered a normal part of the bear and bull market cycles, for a lot of crypto newbies, the crash had a negative effect that was too much to handle. Additionally, the crypto industry lost over two-thirds of its value in just a couple of months. However, despite all the losses, many experienced crypto investors are now holding onto their major investments in Bitcoin (BTC) and Ethereum (ETH) but also intend to expand their portfolios by adding riskier yet potentially rewarding alternative cryptocurrencies. Does Persystic (PSYS) have what it takes to get onto the radar of experienced crypto enthusiasts? Is Bitcoin (BTC) On The Path Of Recovery? July became Bitcoin’s best month in 2022 as yet, since it closed the month with a 17% surge. After a few devastating months, Bitcoin finally overcame the line of $20,000 and has since been trading above it. The bullish movement over the past few weeks has led crypto enthusiasts to wonder what’s next for the crypto market leader. While typically, August and September months are more likely to be in the bear territory as per historical performance, the sentiment in the crypto community is finally past the negative phase. Ethereum Merge Is Making The Headlines The upcoming Ethereum upgrade, referred to as the Ethereum Merge, is currently among the most discussed topics in the crypto community. This is closely related to the fact that its testing is happening this week, and further implementation is scheduled for the next month. Ethereum blockchain will transition from its proof-of-work (PoW) to proof-of-stake (PoS) consensus mechanism. The update will bring multiple benefits to the network, including reducing transaction costs, increasing scalability, and alsomaking the platform more environmentally friendly by over 99%. The transition to the PoS protocol has been deemed necessary because of the expansion of the Ethereum network, which resulted in several congestion issues and high gas fees. However, it has also raised negative feedback from some community members, which are not particularly excited about the upcoming merge. Persystic (PSYS) To Challenge Centralised Social Media Networks Persystic (PSYS) enters the crypto industry with a unique idea to improve the social media platforms and their features. Persystic will utilise blockchain technology to bring the best possibilities to the content creators and provide them with safe and secure ways of earning income. Being powered by Binance Smart Chain (BSC) will enable Persystic to run all operations smoothly and efficiently. The new project aims to revolutionise the social media industry by bringing a decentralised solution with superior functionality that will benefit the people rather than the corporations. Current centralised social media organisations own the content published by individuals on their platforms. This will change with the Persystic, as the new crypto project intends to ensure that all the content on the network rightly belongs to its creators. Many new crypto projects join the industry daily. However, not all of them are successful due to lack of utility or other issues. It is vital to examine and research potential investment options before making any further decisions. A thorough analysis of new projects may help eliminate the ones that are likely to fail in the competitive crypto market and will protect your investments. If you are interested in learning more about Persystic (PSYS), follow the links below to access more information. Presale: http://join.persystic.io/ Website: http://persystic.io/ Telegram: https://t.me/PersysticTokenOfficial Disclaimer: This is a sponsored press release, and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice
1 day agocryptodaily
Ethereum Final Step Towards Mainnet PoS As Goerli Testnet Merge Goes Live
Ethereum has successfully pulled off one of the most critical tests in crypto history, as it completed the final scheduled test before the merge, moving it closer to the adoption of the Proof-of-Stake model, an upgrade that it has been working towards for years. The upgrade has been touted as one of the most critical events in crypto history. A Final Dress Rehearsal Since its creation nearly a decade ago, Ethereum has been using the much-criticized Proof-of-Work consensus mechanism, involving miners competing with one another to solve complex problems and validate transactions. The problem with this approach is that it is highly energy-intensive, significantly impacting the environment. However, the smart contract platform has been working towards the Proof-of-Stake consensus mechanism, which would see the phasing out of energy-intensive mining. Instead, the new method would see validators stake their ETH and earn the right to validate transactions. Proof-of-Stake requires far less energy and is expected to significantly scale up transactions on Ethereum significantly. According to reports, the final test took place on Wednesday, 9:45 PM ET. a researcher with the Ethereum Foundation, Ansgar Dietrichs, described the test as successful, stating in a tweet that the most relevant metric for success in a dry run such as this is looking at the time to finalization. Another associate from Galaxy Digital stated that while the participation rate after the merge dropped, it could have been down to an issue with one of the clients. However, overall, the merge was a success. “A successful Merge = chain finalizes. Sure, the participation rate dropped, and it looks like there may have been an issue with one of the clients, but the Merge worked. We’ll likely see minor issues like this with the upgrade on mainnet too, but the point is, the Merge worked.” Merge To Go Live In September? While the timing of the merge will be discussed at length at a meeting of core Ethereum developers slated for Thursday. However, previous meetings and guidance have indicated that the Merge could go live as early as mid-September. Ethereum’s transition to Proof-of-Stake has seen repeated delays over the past few years. Core developers have admitted that progress has been slow to allow sufficient development, research, and implementation time. A Successful Test The Georli testnet, on Wednesday, simulated a process identical to what the main network will execute when it transitions into Proof-of-Stake. Testnets such as Georli allow developers on Ethereum to test out new upgrades and make any changes needed before implementing them on the main blockchain. Wednesday’s test showed that moving to Proof-of-Stake and its validation process significantly reduces energy consumption and also proves that the merge process is working. Josef Je, a developer who has previously worked with the Ethereum Foundation and now runs a permissionless peer-to-peer lending platform, stated that the Proof-of-Stake running on Georli will be identical to how Proof-of-Stake would run on the blockchain. The Ethereum Foundation shared the same sentiment, stating that Georli is the closest iteration to the mainnet and will play a critical role in smart contract interactions. Looking For Potential Bugs Tim Beiko stated that during tests, they know almost instantly if a trial run is successful or not. However, in this case, the developers at Ethereum will continue to keep an eye out for any potential issues that could crop up in the days ahead. Beiko stated, “We want to see the network finalizing and having a high participation rate amongst validators and also make sure we don’t hit any unexpected bugs or issues.” According to Beiko, tracking the participation rate is the easiest metric to gauge success. If the developer numbers dwindle during the test, it could signal an issue. He also stated that they could also look at Ethereum transactions and gauge the success of a test, stating that if the blocks have actual transactions in them, then the test is considered a success. The last major check, according to Beiko, is to check if the network is finalizing. “If those three things look good, then there’s a long list of secondary stuff to check, but at that point, things are going well.” A New Proof-of-Stake Proposal Developers at Ethereum have been testing Proof-of-Stake on a parallel chain called the Beacon Chain. According to Beiko, the original proposal required validators to stake 1500 ETH to use the system. However, the new Proof-of-Stake proposal sees this number drastically reduced to just 32 ETH. Beiko stated that while this isn’t a small sum, it is a much more accessible figure for users. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
2 days agocryptodaily
Is Play-To-Earn Dead?
With around $300 Billion floating in the market, gaming stands as one of the most significant industries and with GameFi averaging $175M, lots of potential for expansion! The rise and fall of notable titles like Axie and more have resulted in the emergence of dominant ‘play-to-earn’ and ‘play-and-earn’ models. But with the emergence of dilemmas, which of them is better? Which of them is sustainable? Feasible? Or even valid anymore? Most play-to-earn games known so far revolve around the idea of players grinding with repetitive actions to make profits, something that doesn’t portray the essence of fun and entertainment, the core values of a gamer. Play-and-earn, on the other hand, accentuates more engaging and entertaining games as in-game time is monetised. Gamers can also have a real-life impact on character development and more by implementing DAOs. Some examples of P2E or P&E - and how it doesn’t focus on the actual gameplay, value add or anything like that, but rather just hours of grinding for little money with no good game experience. The Pains and Problems Beyond prepositions and conjunctions, the paradigm explains not just the semantics but also the business models and core values behind the famous terms. GameFi at the moment is not designed for gamers - which is the underlying problem, and no systems can host a genuine grade AAA on the blockchain. Being nothing more than a “gig” or a “nuisance” to earn some extra cash is not the narrative GameFi would like to see itself in. Traditional games offer stimulated economies for players driven by stories and characteristics controlled by the publishers. These games do not provide a market to trade or liquidate assets within the said economies, while the Play-to-Earn titles lack the elements that would make them fun, engaging and compelling. The two sides to a coin can identify both sectors with a set of drawbacks and improvement areas. “There is no ownership if you can’t sell it - and it’s not worth owning if it isn’t appealing enough, and that’s a pressing issue. Bridging the gaps between Web2 and Web3 primarily comes from asset ownership, mechanics and usability”, says Adria Mir, Gaming & Blockchain Expert at G4AL and Elemental Raiders. Traditional ‘free-to-play’ or ‘pay-to-play’ models only provide entertainment and experience out of the games or assets purchased and consider the investment a sunk cost. Because of the centralised nature of traditional games, the assets can be changed or taken away anytime by the operator or game publisher. In a worst-case scenario, if the publishers or studios go out of business, players can lose all their assets before getting the entertainment value out of it. The most recent example was Telltale Games’ shutdown which left The Walking Dead’s final season incomplete. Web3 or ‘play-to-earn’ games, on the other hand, do provide the ownership as opposed to traditional games, with no threat of players losing their assets even if publishers go out of business. However, given recent history, it is easy to imagine the extreme inflation and fleeting deflation of play-to-earn or play-and-earn games when the core value of gamers and their communities are taken out of the equation. Where Does the Future Lie? With all that in hand, are play-to-earn, play-and-earn and most other models dead? There is a need for a model that focuses on the best of both worlds. Many Web3 scholars accelerate different terms daily, but one has been prominent and has had a substantial impact. ‘Play-to-Own’ focuses on decentralisation, control and ownership first and foremost, which is one of the essential factors and foundations of blockchain and web3. But is that enough to convince the hardcore fans of Elden Rings, Call of Dutys’ and Web2 gamers alike? You’re right! - Probably not! Said differently, the “ownership revolution” stays at the heart of what GameFi and the so-called ‘AAA blockchain games’ are trying to achieve, but so should the increasing need to host and build a game that serves the mechanics, gameplay and UI/UX of a console-quality title. It raises the question of platforms built on blockchain being capable enough to host a game of that stature, Former First VP of King Studios thinks yes: “We’re building G4AL as a game studio to host the quality of games that first and foremost suits what Web2 gamers are used to, giving ownership to what they play, low entry barriers, and the ability and a monetary exit button which allows them to ‘play-to-own’ or ‘play-and-earn’.” Play-to-Own has the potential to be applied to any game, may they be Web2 or Web3, which in turn can increase the customer lifetime values, engagement ratios and retention rates. Instead of forcing users to buy-in set NFTs or assets to the game, it can potentially open up a plethora of in-game revenue streams. Creating higher value in games that allow ownership and low entry risk can enable players to choose these games over traditional models or P2E models as they get both ownership and security as well as long-term retention. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
2 days agocointelegraph
Blockchain’s environmental impact and how it can be used for carbon removal
Blockchain technology is on its way to being considered by organizations as a way to reduce carbon emissions and improve the environment.
2 days agocryptodaily
Curve Finance Asks Users To Revoke Recent Contracts After DNS Hack
Curve Finance became the latest target in a long list of exploits that have decimated the crypto space in 2022. The protocol reported that an exploit on the site’s nameserver and front end resulted in a loss of over $573,000. The protocol has since reported that the problem has been found and fixed. $570,000 Stolen From Curve Finance Automated Market Maker Curve Finance took to Twitter on Tuesday, warning users of an exploit on its site. The Curve team acknowledged the issue affecting the site’s front-end and nameserver, which appeared to be orchestrated by a malicious actor. The protocol stated on Twitter, “We are becoming aware of a potential front-end issue that is approving a bad contract,” the Telegram announcement read. “For now, please do not perform any approvals or swaps. We’re trying to locate the issue, but for now, for your safety, do not use Curve.fi or curve.exchange.” The team made a second announcement shortly after the initial one, stating they had found the source of the problem and addressed the issue. However, the protocol has asked users to revoke any contract approvals they may have conducted over the past few hours when the protocol’s front end and nameserver were compromised. “If you have approved any contracts on Curve in the past few hours, please revoke immediately.” The attack on Curve comes hot on the heels of another exploit, suffered by Nomad, leading the protocol to lose $190 million. Exchange Unaffected Curve stated in a follow-up that its exchange, which is a separate product, was unaffected by the hack. This is because the exchange uses a different domain name system (DNS) provider. The protocol added that users should continue to use the Curve.exchange until Curve.fi reverts to normal. “The issue has been found and reverted. If you have approved any contracts on Curve in the past few hours, please revoke them immediately. Please use http://curve.exchange for now until the propagation for http://curve.fi reverts to normal.” According to Curve, the hacker appeared to have changed the domain name system entry for Curve Finance. This forwarded users to a fake clone, which approved a malicious contract. However, the program’s contract was not compromised by the hack. Alarm Bells On Twitter While the attack on Curve Finance was ongoing, Twitter users speculated on the source of the attack. User LefterisJP speculated the attacker had used DNS spoofing to execute the attack on Curve. “It’s DNS spoofing. Cloned the site, made the DNS point to their IP where the cloned site is deployed, and added approval requests to a malicious contract.” Other users on Twitter were quick to warn fellow users about the ongoing exploit, stating that the protocol’s front-end had been compromised, while others noted that the hacker had stolen over $573,000. A Significant Impact On Curve The timing of the exploit could not have been worse for Curve.finance, which was winning favor with analysts, who had stated in July that despite the recent market downturn, Curve remained a viable option in the space. Researchers have several reasons for their bullishness around the protocol, specifically pointing out the growing demand for Curve DAO token deposits, the protocol’s yield opportunities, and its revenue generation thanks to stablecoin liquidity. This observation came after the protocol launched a new algorithm that allowed the exchange of volatile assets, promising to allow low-slippage swaps between any volatile assets. The pools use internal oracles and a bonding curve model, previously deployed by market makers such as Uniswap. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
3 days agocoindesk
Canadian Regulators Probing Crypto Lender Celsius Network Alongside US: Report
Canada's provincial securities regulators are investigating how Celsius' implosion is impacting investors in North America.
3 days agocryptodaily
Iran Places Its First Crypto-Funded Import Order
Iran has made its first official import order using cryptocurrencies, according to a report by Reuters. A move like this could enable the Islamic Republic to circumvent U.S. sanctions that have left its economy crippled. The order, reported to be worth $10 million, was taken as a first step towards allowing the country to trade via digital assets that bypass the dollar-dominated global financial system, and to allow it to trade with other countries that are similarly limited by U.S. trade embargoes such as Russia. It has not been made clear which cryptocurrency has been used in the transaction. An official from the Ministry of Industry, Mine and Trade said on Twitter, By the end of September, the use of cryptocurrencies and smart contracts will be widely used in foreign trade with target countries. Iran has been subject to an almost total economic embargo from the U.S. including a ban on all imports, including those from the country’s oil, shipping and banking sectors. Tehran, Iran’s capital city, is one of the largest economies yet to embrace cryptocurrency technologies. However, a study conducted last year found that 4.5% of all bitcoin mining takes place in Iran due to the country’s cheap electricity. Cryptocurrency mining could help the country earn hundreds of millions of dollars that can be used to mitigate the impact of the U.S. trade sanctions. In 2019, the government legalised cryptocurrency mining in the country, and it still strictly regulated the sector. It cracked down on local miners last year over its energy use. Earlier this week, the European Union said it put forward a “final” text to revive the 2015 Iran nuclear deal following four days of indirect talks between the U.S. and Iranian officials. Under this agreement, Iran agreed to curb its nuclear program in return for relief from U.S., EU, and U.N sanctions. Former U.S. President Donald Trump however reneged on the deal in 2019 and restored harsher U.S. sanctions, prompting the capital to violate the agreement’s nuclear limits less than a year later. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
4 days agocoindesk
Vitalik Buterin minimiza el impacto de nuevas bifurcaciones de Ethereum tras la fusión
Según su cofundador, es improbable que la blockchain se vea “significativamente afectada por otra bifurcación”.
4 days agocoindesk
Vitalik Buterin Plays Down Impact of Ethereum Forks After Merge
Buterin said it is unlikely that Ethereum will be “significantly harmed by another fork.”
5 days agocryptopotato
Despite Bear Market, 2022 Fundraisings Already Surpassed 2021: Messari
Messari's latest report indicates that the market pullback in the first half of the year did not impact investors' confidence in the burgeoning crypto industry.
10 days agocointelegraph
Zipmex gradually resuming Z Wallet withdrawals, says debt moratorium is not bankruptcy
The Asian cryptocurrency exchange was impacted by the Celsius and Babel Finance defaults but is working with investors to resolve the situation.
14 days agocointelegraph
Ethereum Merge: How will the PoS transition impact the ETH ecosystem?
Ethereum is all set to transition to PoS by the third week of September, but most of the promised scalability features would only be available after 2023.
15 days agocoindesk
Ex-CFTC Chair Giancarlo Sees Europe’s MiCA Bill as a Threat to US Crypto Industry
Former Commodity Futures Trading Commission (CFTC) chief Chris Giancarlo is worried that the E.U.’s fast-moving Markets in Crypto Assets (MiCA) bill could lead to the global export of European-style crypto regulation, negatively impacting U.S. regulators’ ability to effectively create rules of their own.
16 days agocointelegraph
Coinbase SEC investigation could have ‘serious and chilling’ effects: Lawyer
Michael Bacina, an Australian digital assets lawyer told Cointelegraph that the investigation could see a far-reaching impact on crypto exchanges and the token projects involved.
16 days agocryptopotato
Apple and Amazon Q2 Earning Reports Incoming: Can This Impact Crypto?
Blue chip tech stocks have earnings reports out this week. Markets are watching with great interest as online ad sales drop and investors go risk off. Could it impact cryptocurrency?
16 days agocryptopotato
IMF: Limited Impact From Crypto Crash But Global Recession Likely
The IMF has played down the impact of the crypto market crash on global financial stability but warned of more gloom and uncertainty ahead.
16 days agocoindesk
Crypto Traders Split on Upcoming Fed Rate Hike's Impact on Bitcoin
The Fed has raised rates by 150 bps since March, injecting volatility into asset markets. Yet some analysts expect BTC to stay resilient after Wednesday's hike.
16 days agocointelegraph
‘Game yet to begin’ for security token offerings, INX exec says
The current crypto bear market had no direct impact on the STO platform INX because STOs are “very different from others in the space.”
18 days agocointelegraph
Tesla reports $64M profit from Bitcoin sale
Elon Musk’s electric vehicle company sold 75% of its BTC in the second quarter. The company’s overall profitability was impacted by inflation and the competition for battery cells.

About Immutable X

The live price of Immutable X (IMX) today is 1.1627 USD, and with the current circulating supply of Immutable X at 235,284,001 IMX, its market capitalization stands at 273,558,958 USD. In the last 24 hours IMX price has moved 0.0193 USD or 0.02% while 13,288,686 USD worth of IMX has been traded on various exchanges. The current valuation of IMX puts it at #151 in cryptocurrency rankings based on market capitalization.

Learn more about the Immutable X blockchain network and how it works or follow the price of its native cryptocurrency IMX and the broader market with our unique COIN360 cryptocurrency heatmap.

Immutable X Price1.1627 USD
Market Rank#151
Market Cap273,558,958 USD
24h Volume13,819,088 USD
Circulating Supply235,284,001 IMX
Max Supply2,000,000,000 IMX
Yesterday's Market Cap269,639,800 USD
Yesterday's Open / Close1.1267 USD / 1.146 USD
Yesterday's High / Low1.1476 USD / 1.1092 USD
Yesterday's Change
0.02% ( 0.0193 USD )
Yesterday's Volume13,288,686 USD
Select...
/
Select...
Powered by  Cryptocurrency prices in USD, market cap, volume
Sorry, no liquidity for this pair
Community
Source Code
Arrow icon