⭐️Website ⭕️ https://masterworks.art/hotcryptonews
CRYPTO NEWS – Bitcoin News, Ethereum News, Masterworks News
Ether (ETH) has been stuck between $1,170 to $1,350 from Nov. 10 to Nov. 15, which represents a relatively tight 15% range. During this time, investors are continuing to digest the negative impact of the Nov. 11 Chapter 11 bankruptcy filing of FTX exchange.
Meanwhile, Ether’s total market volume was 57% higher than the previous week, at $4.04 billion per day. This data is even more relevant considering the collapse of Alameda Research, the arbitrage and market-making firm controlled by FTX’s founder Sam Bankman-Fried.
On a monthly basis, Ether’s current $1,250 level presents a modest 4.4% decline, so traders can hardly blame FTX and Alameda Research for the 74% fall from the $4,811 all-time high reached in November 2021.
While contagion risks have caused investors to drain centralized exchanges wallets, the movement led to an uptick in decentralized exchanges (DEX) activity. Uniswap, 1inch Network, and SushiSwap saw a 22% increase in the number of active addresses since Nov. 8.
Let’s take a look at derivatives metrics to better understand how professional traders are positioned in the current market conditions.
Masterworks provides an affordable way to invest in art. What was once an option reserved exclusively for wealthy investors is now accessible to investors of all types. Here’s how the platform works:
Masterworks will purchase a painting and file it with the SEC as a public offering, or IPO, similar to how a company goes public. Shares of the painting are then made available for purchase on the Masterworks website for as little as $20 per share. The company says it launches about one new painting every four to five days.
The platform stands out especially for using propriety data to determine which artist markets have the most momentum, focusing on the very high-end segment of the art market that has predictable returns, the company says. Meanwhile, its research team works in the background to calculate appreciation rates, correlation and loss rates.
Masterworks even recently added a secondary market, too, where investors can trade shares in paintings. Plus, Masterworks lets you invest your IRA earnings into their fine art through its partnership with Alto IRA, an alternative asset investing platform.
During Facebook’s recent company call, Chief Executive Mark Zuckerberg discussed the company’s plans for a “metaverse”. The social media giant announced plans to explore a new virtual space.
The term “metaverse” refers to a virtual space that users can interact with regardless of time or place. It is a combination of software and hardware. Metaverses allow people to create and interact with virtual avatars.
Axie Infinity, an online video game, is one example of a metaverse. The game is based on the Ethereum protocol and uses non-fungible tokens (NFTs) to monetize users’ time in the game. NFTs can be trading cards, in-game collectibles, or virtual lands.
The Sandbox, another example of a metaverse, is owned by Animoca Brands. The company is a major shareholder of NBA Top Shot creator Dapper Labs and is also a major investor in The Sandbox.
Snoop Dog will perform live concerts in Sandbox. He has also purchased a mansion in Sandbox. The Walking Dead franchise has also bought lands in Sandbox.
The Sandbox project combines virtual world gaming with decentralized governance. Yung, a tech veteran from the online gaming industry, is a majority shareholder of The Sandbox.
Several brands have built in-house marketplaces for cryptocurrencies. These in-house marketplaces have been instrumental in incentivizing users to play NFT games.
Many of the leading video game companies are developing or planning to develop metaverses. Some of these include Axie Infinity, SecondLive, and Decentraland.
Many of these metaverses are built on crypto-asset protocols. They allow users to create objects, or “tokens”, and create networks without central control.