Author: NFT-Meaning.com

Terra (LUNA) has plunged significantly after witnessing a FUD attack on its native stablecoin TerraUSD (UST).The LUNA/USD pair dropped 20% between May 7 and May 8, hitting $61, its worst level in three months, after a whale mass-dumped $285 million worth of UST. As a result of this selloff, UST briefly lost its United States dollar peg, falling to as low as $0.98.UST daily price chart. Source: TradingViewExcessive LUNA supplyLUNA serves as a collateral asset to maintain UST’s dollar peg, according to Terra’s elastic monetary policy. Therefore, when the value of UST is above $1.00, the Terra protocol incentivizes users to…

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Last Saturday, the CTO of RTFKT Studios, Samuel Cardillo, confirmed that the team is building on NFT Worlds. To be clear, the news came from one of his tweets in response to Twitter user @NFTask, who wanted to know when will the company build on NFT Worlds.Obviously, only a few managed to notice Samuel’s tweet on a quiet Saturday last week. At the time of writing, RTFKT Studios has not made any official announcement yet. But we have no doubt that words will start to spread like wildfire soon. Are these Nike logos on the Genesis Avatar of NFT Worlds?…

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FIFA’s blockchain partnership is the first US-based sponsor for 11 years The football association FIFA has announced the Algorand blockchain as their first US-based sponsor for the 2022 World Cup in Qatar. They term the deal as a technical partnership, as Algorand will help FIFA to develop a digital assets strategy, and potentially market football-related NFTs. Summary  FIFA has had a somewhat torrid time over the last ten years. First, corruption and match-fixing allegations culminated in the organization’s President Seth Blatter being charged with fraud, mismanagement, misappropriation of FIFA funds, and forgery of a document. While his colleague Michel Platini…

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Reflecting the growing interest in the nonfungible token (NFT) space among today’s investors, new research predicts that the existing $3 billion market size will reach $13.6 billion by the end of 2027.For the next five years, the key factors tied to the global NFT boom continue to factor in the growing involvement of mainstream influencers, gaming communities and the rising demand for digital artworks. Interestingly enough, research firm MarketsandMarkets envisions several other factors that will contribute to the explosive growth of the NFT market, including its increasing use cases in supply chain management, retail and fashion.Global NFT market trends. Source:…

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Australia Zoo, the home of the Irwin family, is launching an NFT project to protect wildlife. Working with Meadow Labs, this amazing wildlife theme NFT collection will live on Algorand, the carbon negative blockchain. Honouring 20 years of the Wildlife Warriors, the project will feature a series of NFT drops. These drops will focus on a different Australia Zoo Wildlife Warriors animal. World-famous Australia Zoo is launching a collection of NFTs aiming to protect wildlife.Australia Zoo NFT collection will help to protect threatened and endangered animals.Set up in 2002 by iconic animal expert Steve Irwin and his wife, Terri, Wildlife…

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Plutus introduces 20 new perks and upto 8% cashback London-based fintech Plutus is attempting to capitalize on Crypto.com’s recent failings with a slew of app updates, including 8% card cashback and partnerships with more than 20 popular brands in the UK and EU, making it one of the most attractive crypto-linked debit cards.  Summary  In the wake of Crypto.com’s failings, it appears Plutus has completely overhauled its business model to attract new users. They offer three flexible subscription plans — Starter at no cost, every day at €4.99, Premium at €14.99 — and four staking levels: Hero, Veteran, Legend, and…

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It’s time for another round of CryptoArt Sundays! Today I introduce you to the superstar that is Nuwan Shilpa, a most talented psychedelic and visionary artist from Sri Lanka. Nuwan has become a devout disciple in seeking the sublime through psychedelic and visionary states of consciousness. Their art is an expression arising from this seeking, and the artworks are like digital mind trips inspired by their perception of liberal spiritual dimensions. Yes, they are is quite extraordinary pieces! Let’s dive in and found out more about their NFT art journey! How did you find out about the NFT space?  I’ve…

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Binance stands as one of the most persistent crypto exchanges when it comes to gaining regulatory approval and operational licenses from regulators across the world. In this effort to operate as a fully licensed financial institution, the exchange has stopped offering its crypto derivatives services in Spain as it reportedly awaits approval from the Spanish regulator, Comisión Nacional del Mercado de Valores (CNMV).As evidenced by Binance’s official Spanish website, the crypto exchange removed the derivatives drop-down menu, which is still available on the global version. According to local news publication La Información, the move to hide derivatives offering in Spain comes…

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Food and beverage giant, Kraft Heinz is planning to use the metaverse to solve its supply chain issues. The idea is to get Lunchables, Velveeta, and ketchup to the shelves faster, and in turn, into customers’ hands. Accordingly, the US company partnered with Microsoft last month to use its cloud platform to help the firm virtually replicate its supply lines. Kraft Heinz is hopping on what they call the “industrial metaverse”. Credit: Unsplash“We’re really committed to supporting our customers in…what we call the industrial metaverse,” Lorraine Bardeen, CTO of Microsoft Industry Solutions told CNN. “This means that Kraft Heinz will…

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