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Ben Armstrong, a crypto analyst and influencer, spoke about three non-fungible tokens(NFTs) on March 19, claiming that they could help you become a millionaire.

In a video posted to his popular YouTube channel “BitBoy Crypto,” Armstrong covered his top three picks.

1. Ethernity Chain ($ERN)

The Ethernity Chain project team’s introduction:

Ethernity Chain is a community-driven network that creates limited edition authenticated NFTs and trading cards featuring your favorite artists and celebrities. It was designed on the Ethereum Network with the goal of building the world’s largest A-NFT library, rewarding its developers, and raising funds for charitable causes in perpetuity. It’s a win-win scenario for everyone involved, from NFT collectors to charity organisations that support some of society’s most unfortunate members.”

Its DEFI applications offer ERN token holders the ability to farm rare A-NFTs, stake, farm, and vote on proposals that will modify the Ethernity Chain ecosystem. Unique NFTs can be obtained through auction sales or ERN farming, and prizes can be redeemed for collectibles. Our charitable members receive a share of the sales proceeds.

Armstrong’s take on it:

“This is the only one of today’s projects that I am personally invested in, but I believe this one has the absolute most potential long-term and short-term… Ethernity just launched in the last week… If Ethernity were to see a similar pump to Chiliz and ECOMI, which I think is possible, we could be looking at a 40X… Ethernity is going to be huge… There are some big names behind Ethernity… The Winklevoss twins are officially backing Ethernity.“

2. ECOMI ($OMI)

The ECOMI project team’s intro:

“ECOMI is a Singapore-based technology company that aims to pave the way in the evolving digital collectibles market, as well as digital currency security. Via the VE-VE app, ECOMI provides a one-stop shop for digital collectibles, taking popular culture and entertainment to twenty-first century. Digital collectibles, according to Ecomi, are a new financial asset that provides intellectual property owners with new revenue sources in the digital landscape.“

Armstrong’s take on it:

“ECOMI has done a mind-blowing 46,000% return in the last year… ECOMI already has an active app called VeVe. It is a digital collectibles app. It already is a working product and according to Bitcoin.com, it has a ton of active partners… The ECOMI token, OMI, would be the currency of the VeVe app to buy these digital collectibles… Be careful with your entry, but I do believe ECOMI has more room to run.“

3. Chiliz ($CHZ)

The Chiliz project team’s intro:

“Chiliz is a currency choice for mainstream consumers who want to purchase blockchain-backed goods and services. We want to enhance daily experiences, such as fan participation in entertainment and alternative payment options for traditional goods. Chiliz offers blockchain-based resources to sports and entertainment companies to help them engage and monetize their target audience.“

Armstrong’s take on it:

“This amazing NFT platform has taken off, which is both its greatest strength and one of its greatest limitations right now… In the last year, it has been 128Xed… However, I would advise you against investing in this at this time… This project will be enormous, and it will grow much larger, but it will experience a significant setback before reaching its full potential.“

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Shopify Expands Online Retailers’ NFT-Gated Options

Brands are able to increase the exclusivity of their shops thanks to the e-commerce platform.

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The future of e-commerce, according to Shopify, is in NFTs.

As a new option for brands wishing to make their stores more exclusive, the online retail behemoth, which enables small businesses to construct customized e-commerce shops, is providing NFT-gated storefronts, Shopify announced on Wednesday.

In the Shopify introduction video, which includes a skating woman who passes through a pastel portal and transforms into a Doodles NFT, a voiceover urges viewers to “invite their communities into a world that acknowledges and rewards devotion.”

The video explains that token holders can access special shopping opportunities by connecting a cryptocurrency wallet, including early access to drops and limited collections as well as one-of-a-kind experiences and other surprises.

Only individuals with existing NFT collections are able to apply for early access to Shopify’s “gm” shop, which is a gated merchandise store and a play on the Crypto Twitter acronym for “good morning.”

However, those that haven’t received approval yet can still integrate NFT token-gating apps like Shopthru or Single into their Shopify sites.

Shopify announced that it has already collaborated with the Adam Bomb Squad, Doodles, World of Women, Invisible Friends, Superplastic, Stapleverse, and Cool Cats NFT collections to develop token-gated shops as part of its token-gated business launch.

Shopify is introducing “IRL” token-gating in brick-and-mortar stores in addition to online token-gating, which restricts access to certain merchandise to authorized NFT holders exclusively.

Why is this important? The future of Web3 commerce will focus on exclusivity, for one thing. NFTs, which are distinctive blockchain tokens that denote ownership over an asset, are increasingly employed as membership cards, tickets to events, and “keys” to open benefits, despite the fact that they are frequently oversimplified as digital art or “jpgs.”

Additionally, this isn’t Shopify’s first venture into NFTs: The business has been involved with Web3 since last year, when it announced the launch of NFT sales on its platform. Brands can mine and sell NFTs on Shopify to clients using the Ethereum, Polygon, Solana, or Flow platforms.

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OpenSea, beware—Uniswap is pushing into NFTs

The NFT aggregation platform Genie is being purchased by Uniswap Labs, the organization that created the Ethereum-based decentralized exchange Uniswap.

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In a Bankless interview on Tuesday, Uniswap founder and CEO Hayden Adams said, “We’re attempting to transfer what we brought to the ERC-20 market to the NFT sector.”

You can buy NFTs—individual blockchain tokens that represent ownership—on a variety of different marketplaces, such as OpenSea, LooksRare, or Coinbase NFT. However, few allow consumers to buy many things at once, and none provide aggregation tools that let traders view listings on competing marketplaces.

According to Uniswap Labs on Twitter, “We see NFTs as another form of value in the burgeoning digital economy, and it’s a no-brainer for us to integrate them.”

The NFT aggregator Gem, which also enables customers to acquire numerous NFTs in a single transaction, was purchased by OpenSea just two months prior to the announcement of its acquisition by Genie. OpenSea intends to incorporate NFT aggregation functions into its primary platform, just like Uniswap.

A new tab dedicated to NFTs will be added to Uniswap’s main website later this year as part of the company’s push into NFTs, according to a statement from the company. Additionally, NFTs will be included in its developers’ APIs and widgets.

Uniswap Labs intends to airdrop an unspecified quantity of the stablecoin USDC to Genie’s early backers as a way to commemorate its acquisition. By April 15th, USDC will be given to everybody who had utilized the platform at least once or owned a Genie Genesis NFT. (The business had earlier tweeted that Genie Gem owners were eligible for the airdrop.)

Uniswap entered the NFT market for the first time in 2019 with Unisocks, an NFT that granted holders access to a real pair of socks.

The largest NFT market, OpenSea, has a floor price for Unisocks of 13 ETH (about $15,300) at the time of writing.

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NFT marketplace in Solana Magic Eden completes a $130M Series B investment with a $1.6B value

Over 90% of NFT trade volume on Solana is accounted for by Magic Eden.

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On Tuesday, Magic Eden, a popular nonfungible tokens (NFTs) platform on the Solana (SOL) blockchain with 112,927 SOL ($4 million) in 24-hour trading volume, announced that it had closed a Series B round for $130 million. The funding round was led by investors such as Electric Capital, Greylock, Lightspeed Venture Partners, Paradigm and Sequoia Capital valued the firm at $1.6 billion.

The newly-infused capital will be used to expand the company’s primary and secondary marketplaces, explore multi-chain opportunities, allow new hirings, and for use in research and development. Since its inception in September 2021, the marketplace now receives an average of 22 million unique monthly sessions and sees over 40,000 NFTs traded daily.

Magic Eden’s Launchpad has also onboarded over 250 projects to date. In addition, it offers customization, marketing support, and operational execution to new NFT collections coming onto the primary market. Meanwhile, its secondary market covers over 7,000 listings and sees over 92% of all NFT volume on Solana.

Furthermore, Magic Eden has also launched over 50 games and metaverse projects. In that segment, the firm oversees 90% of all gaming NFTs on Solana traded on its marketplace. Regarding the development, Zhuoxun Yin, chief operating office and co-founder of Magic Eden, commented:

“We’re thrilled to have the continued support of our investors and community and look forward to delivering on Solana and beyond.”

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