Home Blog Page 5

Women of Crypto sells entire NFT collection on the first day


Women of Crypto (WOC) founder, Amy Matsushima, has announced that all 8888 female avatar non-fungible tokens (NFTs) have sold out on the first day of sale.

Women of Crypto is a first of its kind, 3D avatar NFT collection of 8888 women with 111 unique physical traits, characteristics, accessories, and backgrounds. All were sold on the day of release, February 3rd, 2022.

“On the day of the launch, we were getting 50,000 clicks a minute,” Matsushima said. “It actually crashed the website. Even so, they all sold, and we received a lot of positive feedback from public figures like Paris Hilton and Ja Rule.”

The successful launch of the NFT collection is just the start of a larger project. “Women of Crypto is an ongoing woman-led and female-empowering project that we’re building from the ground up. We’ve been fortunate enough to partner with two incredible charities, Crypto Chicks and Women Who Code,” Matsushima said. “We have already donated over $100,000 to both of these non-profit organizations.”

The charities mirror WOC’s mission to educate and empower women in the fields of business, cryptocurrencies, and related topics like NFTs.

“Our team has created a series of exclusive pre-filmed courses that give detailed explanations of everything from the fundamentals of blockchain technology to how NFTs work and the Metaverse. We also provide step-by-step blueprints on how someone can start their own successful NFT project. All these courses will be available to members via our private Discord channel,” Matsushima explained.

The primary aim of the Women in Crypto project is to consistently work toward empowering and educating underrepresented individuals in the crypto scene. In particular, Matsushima wants to bridge the gender gap.

“The world of crypto and NFTs is significantly dominated by men, and we want to change that. One of the main reasons behind the development of blockchain was to create a level playing field for all, and that just hasn’t happened. The project, our community, and our partners want to inspire more women to get involved in cryptocurrencies. Our collective effort is striving to improve inclusivity.

“The idea of the community surrounding Women of Crypto is to grow, learn, and connect. For example, HODLRs of the NFT get free access to our conventions, where they can network with other members and learn from experts in fields such as real estate, e-commerce, and investments. Our first event will be at the beginning of April 2022 in Los Angeles, and there will be many more.”

In addition, WOC will collaborate with globally known beauty brands to develop and make beauty products. The beauty industry is already geared toward women, so working with well-known brands will help raise exposure and normalize the crypto scene.

“The idea is not to limit women to beauty consumerism but to make NFTs less intimidating and more visible. We aim to collaborate with high-quality, internationally respected brands that align with our mission and ethics. This way, we can ensure quality and raise awareness of the brand. The partnerships and products will also provide substantial revenue that will be reinvested into the project,” Matsushima said.

As an expression of gratitude, Women of Crypto NFT holders will soon be able to claim a free ‘Men of Crypto’ (MOC) NFT. These will similarly be high-quality 3D avatars, preserving the same concept and style as the Women and will be airdropped in March 2022. The Women/Men of Crypto are based on the Ethereum blockchain.

The project also has eyes on the future, with both avatars currently being completely rendered, ready to come alive in the Metaverse. Once work on both WOC and MOC is complete, owners can use them to access exclusive community networking events within the Metaverse. In addition, avatar owners will also be able to unlock several members-only benefits.

“The Metaverse and NFTs are still in their infancy,” Matsushima said. “This is why projects like ours are so important. As an entrepreneur from a young age, I’m used to raising eyebrows due to my being a woman. So when I saw a gender forming in crypto from the start, I knew something had to be done.

“By educating and empowering women, we can make the world of cryptocurrencies and blockchain more visible and less intimidating to underrepresented individuals. Everyone should have a place on the blockchain and be part of the technological and financial revolution that is happening right now.”

The 8888 WOC NFTs may have sold out, but the community is just beginning.

To learn more about the Women of Crypto project, more information is available on the website. You can also join the hundreds of thousands that form the WOC community on TwitterInstagram, and Discord.

Media Details:

Company Name: Women of Crypto
Email: Amy@womenofcrypto.io
City: LOS ANGELES, California
Country: USA

There is no offer to sell, no solicitation of an offer to buy, and no recommendation of any security or any other product or service in this article. Moreover, nothing contained in this PR should be construed as a recommendation to buy, sell, or hold any investment or security, or to engage in any investment strategy or transaction. It is your responsibility to determine whether any investment, investment strategy, security, or related transaction is appropriate for you based on your investment objectives, financial circumstances, and risk tolerance. Consult your business advisor, attorney, or tax advisor regarding your specific business, legal, or tax situation.

Universal Music label acquires ape NFT to lead virtual music group


Universal Music Group (UMG.AS) is capitalizing on the popularity of non-fungible tokens by acquiring one of the cartoon apes that have taken the world of digital collectibles by storm to lead an entirely virtual music group.

On Friday, Universal’s 10:22PM label said it paid $360,817 to purchase Bored Ape #5537 – a female character now known as Manager Noët All, to lead the group it founded in November called Kingship.

Kingship, which exists solely in digital form, will have its own website and presence on messaging platform Discord, and will eventually produce new music and give virtual performances in the metaverse, a loose term commonly used to describe a place where the physical and digital worlds meet. Like Manager Noët All, all the band members are NFTs – three Bored Apes and a Mutant Ape, on loan from collector Jim McNelis.

“For it to become part of culture, I think that would be an amazing thing,” said McNelis.

The idea of creating virtual bands from digital characters is not a new one. Gorillaz, a virtual band formed in 1998 by musician Damon Albarn and comic artist Jamie Hewlett, released seven albums on Warner Music Group’s (WMG.O) Parlophone label. One of Japan’s pop stars, Hatsune Miku, is a hologram.

For Kingship, Universal’s 10:22PM label sought out one of the best-known NFT collections on the blockchain, the Bored Ape Yacht Club, comprised of 10,000 anthropomorphic apes, each with distinct clothing, fur and expressions.

Bored Apes have become a status symbol for celebrities, with investors including “The Tonight Show” host Jimmy Fallon, pop star Justin Bieber, NBA superstar Steph Curry and billionaire investor Mark Cuban.

For Universal Music, Kingship presents an opportunity to learn how to create characters and stories that generate excitement in the metaverse.

“It’s about understanding the ethos of the space,” said 10:22PM founder Celine Joshua, whose label serves as a laboratory for experimenting with new forms of entertainment.

Bitcoin and Ethereum Correct Gains, APE Crashes 40%


Bitcoin price attempted an upside break above the USD 42,250 resistance zone but failed.

  • Bitcoin price started a downside correction from USD 42,250.
  • Ethereum failed to clear USD 3,000, XRP is trading around USD 0.80.
  • The hyped APE keeps trending down.

Bitcoin price attempted an upside break above the USD 42,250 resistance zone but failed. BTC started a downside correction and is currently (04:18 UTC) trading near USD 40,800.

Similarly, most major altcoins are also moving lower. ETH failed to surpass USD 3,000 and declined below USD 2,900. XRP tested USD 0.82 before correcting lower. ADA failed to clear the key USD 0.92 resistance zone.

Total market capitalization

Source: tradingview.com

Bitcoin price

After a failed attempt to clear the USD 42,250 resistance, bitcoin price started a downside correction. It is now trading below USD 41,000 and might continue to move lower towards USD 40,500. The main weekly support is near the USD 40,000 level, below which the price may perhaps revisit the USD 39,000 support zone.

If there is a fresh increase, the price might face resistance near USD 41,250. The next key resistance is near the USD 42,250 level, above which the price could gain bullish momentum.

Ethereum price

Ethereum price attempted to gain pace above USD 2,950 but faced a strong resistance. ETH is now moving lower and trading below USD 2,900. The next major support is near the USD 2,800 level, below which the price might test the USD 2,750 support zone.

On the upside, an initial resistance is near the USD 2,900 level. The next major hurdle is now forming near the USD 2,950 level. 

ADA, BNB, SOL, DOGE, and XRP price

Cardano (ADA) traded above the USD 0.90 resistance zone. However, it failed to clear the USD 0.92 resistance zone. It is now back below USD 0.90 and might decline towards the USD 0.865 support.

BNB extended gains above the USD 388 resistance level. It even spiked above the USD 400 resistance level. However, there was no upside continuation and the price declined below USD 390 again.

Solana (SOL) failed to clear the USD 92 resistance zone. If there is a downside break below the USD 85 support, the price might move down. In this case, SOL may perhaps decline towards USD 78.

DOGE gained pace above the USD 0.120 resistance. It traded close to the key USD 0.124 resistance level, where the bears emerged. The price is trimming gains and might test the USD 0.118 support zone.

XRP price spiked above the USD 0.80 resistance. It faced a strong selling interest and there was no close above USD 0.82. The price is now moving lower and approaching the USD 0.788 support zone. Any more losses might push the price towards USD 0.768.

Other altcoins market today

Many altcoins are in the red zone, including AVAX, DOT, SHIB, MATIC, NEAR, LINK, UNI, MANA, ICP, SAND, FTM, and MIOTA. Conversely, DASH is up almost 9% and trading above USD 110. Meanwhile, the newly emerged APE is now down 40% since its peak reached last Friday as it keeps trending lower and is trading near USD 10. It’s down 10% in a day.

Overall, bitcoin price is slowly moving lower from the USD 42,250 resistance level. BTC might even drop below the USD 40,500 level, but the USD 40,000 support is the key for the next increase.

MetaMask Confirms Native Token in the Works


Ethereum Wallet Pursuing Plan of ‘Progressive Decentralization’

Rumors of a token from MetaMask, ConsenSys’ popular Ethereum wallet, have long circulated in the crypto community. Now the token appears to be a reality though a potential airdrop remains unknown.

On March 16, Joe Lubin, ConsenSys co-founder, told Decrypt that MetaMask will pursue “progressive decentralization” and intends to issue a token moving forward. Lubin comments came the day after ConsenSys closed a $450M Series D, bringing its overall valuation to a whopping $7B.

Under the plan,MetaMask will launch a DAO, although Lubin said that it “won’t govern MetaMask, but will enable the creation of novel pieces of MetaMask to be funded.” The comments suggest that MetaMask users who expect to receive an airdrop may be disappointed, although an airdrop was not explicitly ruled out.

Lubin’s comments follow similar remarks that Jacobc.eth, MetaMask’s lead of operations, gave to Decrypt during the ETHDenver conference in early March.

“We believe really deeply in progressive decentralization and doing it over time in ways that are meaningful — and doing it in ways that are not a cash grab,” he said. Jacobc added that MetaMask will be cautious not to place the project “in jeopardy of… regulators or give governance to ‘airdrop farms’.”

Token Incentives

“It’s important that this wallet be owned by all of us,” he continued, emphasizing that the token will become “an important aspect” of MetaMasks plans for community ownership.

Now attention will turn to a potential airdrop. In September 2020, the leading DEX Uniswap became the first protocol to issue a surprise airdrop of governance tokens to its past users following pressure from rival projects using token incentives to attract liquidity away from Uniswap.

Many leading DeFi protocols and infrastructure projects have since taken the same approach, including dYdX, 1inch, and Ethereum Name Service.

World’s first race-to-earn model combines fantasy team management with esports


COVID-19 brought many things to a halt, motorsports included. Although disruptive, the resulting digital reality boosted the sims racing experience, a reality driven by popular drivers now making an experience in virtual events. This list includes Formula 1’s Virtual Grand Prix, The Race: All-Star Series and eNASCAR featured on ESPN, FOX and other major TV broadcasters.

Although this initial frenzy has since subsided with the reintroduction of live races, sim-racing has proven beneficial in scouting new talent and inspiring entirely new communities by blurring the line between the real and virtual world.

With the world transitioning from pandemic to endemic, the question to the industry becomes, “how can this momentum be carried forward when the world is able to attend live events once again?” Fortunately, the answer isn’t far off, with blockchain technology and the greater metaverse presenting society with a new take on reality.

As this market pushes new all-time highs, the two worlds are believed to intersect in a new genre of virtual racing that rewards players for their participation, in turn spurring on engagement and building fan loyalty alongside live events.

Further advancing this new digital arena is AnteFame, a platform believed to be one of the world’s first hybrid esports and fantasy league offerings. Here, players are invited to participate in a race-to-earn model that closely resembles the play-to-earnphenomenon that has taken over the gaming industry.

“After the successes of NBA TopShot in basketball and Sorare in football (soccer), we are excited to bring new levels of gameplay to motorsports and collectible platform,” AnteFame shares.

The project, defined as a combination of a club and play-to-earn game, has received initial support from ART Grand Prix, WRT, US Racing and other world-class teams known for producing legendary drivers, including Lewis Hamilton, Sebastian Vettel and Theo Pourchaire, amongst others.

Achieving excellence through passion

In AnteFame, players can build their dream team to acquire collectibles from drivers in various motorsport disciplines, starting with F1, with new rewards up for grabs weekly. As a Global Fantasy Motorsport team management league, players will hold digital trading cards that double as NFTs that can be purchased, traded and won. Drivers’ performance in each race in the real world will determine the score of a player’s team. Therefore, the better a player can scout racing drivers, the better their team will perform and the more rewards they will receive as tokens and NFTs.

However, unlike other fantasy teams, AnteFame takes a hybrid approach, enabling players to compete to a point where they can replace a driver on their team with themselves and directly influence their team’s performance by participating in the virtual races.

To further bridge digital and real-world races, AnteFame is working with Maserati, the luxury Italian car manufacturer known for the longest racing heritage. Winners will enjoy a Maserati driving experience with one F2 driver at Maserati HQ and racing track to fully immerse themselves in the brand’s heritage.

Following this news, AnteFame is hosting a contest for a chance to get behind the wheel of a Maserati Levante MC Special Edition. The resulting contest exists as both a celebration of the Maserati spirit of achieving excellence and a rewarding opportunity for AnteFame participants.


To participate in the competition and join the club, AnteFame is releasing NFT “passes” organized in four tiers, with a total of 6301 Rookie NFTs, 3333 Confirmed and 333 Veteran NFTs and 33 Legend NFTs passes, each of which gives the opportunity to participate in the game, enjoy various levels of rewards and own collectibles that will be tradable on OpenSea. 

Launching the collectible marketplace

On March 18, the company is launching its marketplace for NFT pass owners to begin scouting their drivers’ NFTs and building their teams; and players will need to own ANTE tokens to do that. A private sale of the ANTE token is underway for early adopters on a “first-come, first-serve” basis.

Launching the Fantasy League 

On March 20, AnteFame will be at the Bahrain Grand Prix for the private beta launch of the Fantasy League, a focus for the team over the next year.

The project team aims to onboard 5000 players to their racing ecosystem in 2022.

$1 million EtheRock NFT sells for a penny in all ore nothing error


A simple mistake led one crypto user to sell his precious rock NFT for 444 WEI instead of 444 ETH, a tenth of a penny rather than $1.2 million. 

It’s a hard rock life for one crypto user. A clumsy keystroke and the actions of a sniper bot caused a million-dollar mistake on March 10. 

A rock valued at 444 Ether (ETH), or $1.2 million, sold for 444 Wei ($0.0012) to a bot as the seller, DinoDealer, confused WEI and ETH. In a tweet, the seller said “in one click my entire net worth of ~$1 million dollars, gone.”

The “bot sniped” refers to bot snipers, which initially came into usage on auction site eBay. Buyers looking to time their bid to the last second would use the tools. Now, they are prolific on nonfungible token (NFT) listings. The popular freelance website Upwork currently lists bot sniping tools for the NFT platform OpenSea from as little as $200. 

Once the bot snaps up the NFT or digital receipt, there’s no going back. Blockchains are constructed to be immutable so simple mistakes, such as confusing ETH and WEI, can be extremely costly. 

Indeed, human error abounds in the crypto world. An unfortunate Bitcoin (BTC) user recently lost $10,000 (0.25 BTC) in a mistake that could have been avoided had they double-checked the receiver wallet address. 

The seller, DinoDealer, seems to have come to terms with the loss, publicly sharing the address of the rock’s bot snipe. They made light of the situation by uploading a new Twitter profile picture and adding a crying emoji after their Twitter handle. Their avatar stands next to the precious rock, crossed out in red.

DinoDealer’s new Twitter picture with sad rocks and cancelled rocks in the background. Source: Twitter

More jokes came from DinoDealer’s futile attempt to reach out to the “crypto customer service.” Their attempts to speak to members of the crypto community were met with replies from suspicious users purporting to help, offering email addresses and WhatsApp numbers. 

Screenshots of the conversations DinoDealer had with “crypto customer service.” Source: Twitter

Do not reach out to these numbers or email addresses. 

The past month has been tumultuous for seemingly minor errors with potentially dire consequences. In some cases, a simple mistake can wipe millions of dollars of market value and that has been increasingly common.

A Coinbase white hacker discovered a mistake in the Coinbase Pro code that could have nuked the market, while frantic bot trading behaviors drained the WTF token launch of 58 ETH. “Poor liquidity pool management” left the launch exposed.

In better days for DinoDealer, other crypto rock enthusiasts have come to his aid, one user sending the geologist salesman a picture of the rock with glasses and headphones, signed “mfer rocks.” 

Rock bottom consolation for one million dollars.  Source: Etherscan

Flare Network Launches State Connector To Connect Everything


London, UK, 29th March, 2022, 

Flare Network, the coming layer-1 that is built to safely connect to all blockchains, has announced the launch of its State Connector on its Canary network, Songbird. This new core Web3 protocol makes it possible for the state of any on- or off-chain open system to be proven on Songbird for use in smart contracts and for safe relay to any other blockchain. Flare’s protocol is faster and more secure than existing solutions such as light client relays and oracles. Whereas alternatives reduce decentralization, the State Connector maintains the security of a full node, increasing  the decentralization of blockchain technology.

The State Connector is a technological innovation which provides an answer to blockchain’s long-standing interoperability problems. Today, the blockchain landscape is made up of numerous disparate ecosystems – multiple chains that operate independently, siloed, unable to communicate with each other due to technological incompatibilities.

Existing cross-chain solutions to this problem aren’t satisfactory. The most common solutions are centralized multi-sig bridges that lead to higher centralization and greater susceptibility to attack, in addition to increased regulatory risk and censorship. The alternative solution, Light Client Relays , suffer from complex on-chain implementation, slow operation, and only an approximation of a full node’s security, making them more vulnerable to attack. They’re also incompatible with certain types of networks and pre-compiled contracts, meaning they do not create true, universal interoperability.

Multi-chain solutions for interoperability, generally multi-chain systems such as Cosmos and Polkadot, require  chains to conform to their own standards, in essence adapting that chain’s protocol and code to facilitate communication. In contrast, Flare focusses on cross-chain interoperability where a single core protocol (such as Cosmos’s IBC) cannot be integrated by each chain. As such, Flare’s State Connector doesn’t require any code modification on the integrated chain.

In addition to trustlessly reading the state of transactions on any blockchain, the State Connector can also observe and prove the state of any open deterministic real world data source in a decentralized manner, and relay the outcome to any contract on Flare or connected blockchain. This avoids the risks associated with current centralized oracle models, and opens up incredible opportunities for new utility and business models.

By utilizing the State Connector, decentralized applications can be created that react to real world events, such as bank transactions, insurance claims, sports outcomes, house purchases, or educational attainment. A universal identity system could be created that takes attestation from external systems through the State Connector.

Flare’s State Connector and decentralized price oracle, the Flare Time Series Oracle are critical building block protocols for the forthcoming FAssets application. This application will make it possible for non-smart contract tokens such as BTC, DOGE and XRP to be utilized on Flare and access EVM-based smart contracts. In a recently proposed bridging system, Flare’s protocols  make it possible to bridge any two smart contract chains with the safety of a multi-chain system, and enable the use of non-smart contract tokens on any other smart chain – solving  the problem of chain sovereignty in bridging recently mentioned by Vitalik Buterin. It’s a revolutionary development because, at present, just $700 Billion of the total $2.09 Trillion value of crypto tokens can be used trustlessly in smart contract applications like DeFi or NFTs. That means two-thirds of blockchain’s total value is currently excluded from the decentralized economy.

By combining cross-chain interoperability, both of bridging and information relay, with the security and speed of multi-chain, Flare’s State Connector will enable the transfer of information and value across the entire blockchain ecosystem. This allows for true cross-chain dApp composability and unleashes a tsunami of liquidity that promises to realize the full potential of Web3.

“The launch of the State Connector on Flare’s canary network, Songbird, is a huge leap forward for Flare, as we accelerate towards the launch of our main network. It’s also a huge leap for the blockchain space in general, with the State Connector providing a long needed and compelling solution for secure trustless cross-chain interoperability with any chain. The most exciting part is seeing what developers will build, taking advantage of the combined power of the Flare Time Series Oracle and the State Connector to access the value, information and liquidity on multiple chains via a single deployment on Flare.” – Hugo Philion, CEO and Co-founder of Flare.

About Flare Network

Flare Network is building a new layer 1 designed to safely connect to all blockchains. Combining EVM compatibility with breakthrough decentralized interoperability protocols, the ‘Flare Time Series Oracle’ and ‘State Connector’, Flare’s technology delivers secure, trustless, universal interoperability with high throughput, low fees and an ultra-low carbon footprint. Flare is scaling Web3 for the next generation and “connecting everything”.