Connect with us

Projects

NFT holders can now travel to space thanks to the Crypto Space Agency

The Crypto Space Agency wants to use Web3 blockchain technology to democratize space exploration.

Published

on

The Crypto Space Agency (CSA) has big intentions to combine space exploration and Web3 technology to help humans get off the planet faster.

While that may sound like science fiction, CSA has revealed the steps it will take to get there, and believe it or not, they begin with non-fungible tokens (NFTs).

On Monday, April 25, the project launched its Gen-1 NFT Membership drop, giving token holders the unique option to become “Cryptonaunts” on upcoming space trips.

In a tweet sent Monday, Blue Origin, as the CSA’s space launch provider, confirmed a seat on an upcoming New Shepard mission.

Source: Twitter

CSA is taking blockchain one step further in what they call the new “Crypto Space Age,” just as blockchain is democratizing banking.

The Crypto Space Agency intends to cause a revolution in the space business

CSA founder Sam Hutchison spoke with CryptoSlate about the project’s vision and what it means to bring “more political and economic freedom for all.”

The CSA team, according to Sam, is made up of aeronautic engineering experts interested in seeing how Web3 and space aeronautics might work together to create something greater than the sum of their parts.

He noted that the space and crypto industries have a lot in common, especially when it comes to promoting innovation for the greater good. By integrating the two, the CSA hopes to establish the framework for independent space activities.

Only their respective national interests are served by space agencies. CSA, on the other hand, plans to change things up by focusing on egalitarian space initiatives that benefit the entire world, according to Sam.

“We want to find profound synergies between present and upcoming space technology, as well as the blockchain’s potential.” Our primary focus is on space projects that will help Web3 in the short and long term, whether in communications technologies, human space exploration, offworld resources, or other areas.”

In the short term, the initiative will look into new techniques to hunting for extraterrestrial life, asteroids defense, and growing market demand for human spaceflight. The goal of the project is to look at how Web3 technology can be used to exploit off-world resources in the long run.

Gen-1 NFT Membership

NFT membership is the first step in joining the CSA on this journey. On Monday, April 25, the NFT drop went live, with 5,555 NFTs available for 0.25 ETH (roughly $720 at today’s price). Token holders have first dibs on upcoming NFT releases and items, including artwork.

Three NFT holders will be chosen at random this week for Blue Origin vetting, which will include training and a fit-to-fly assessment, and one will be chosen for the space journey. In the near future, CSA intends to offer more space flights to token holders.

Moonpay, a payment service, offers the NFTs for purchase, with the option of purchasing in fiat or crypto through MetaMask.

Projects

Shopify Expands Online Retailers’ NFT-Gated Options

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

Published

on

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.

Continue Reading

Projects

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.

Published

on

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.

Continue Reading

Projects

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.

Published

on

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.”

Continue Reading

Trending

bitcoin
Bitcoin (BTC) $ 21,182.00 0.34%
ethereum
Ethereum (ETH) $ 1,200.78 0.68%
tether
Tether (USDT) $ 1.00 0.17%
chiliz
Chiliz (CHZ) $ 0.100138 0.72%
enjincoin
Enjin Coin (ENJ) $ 0.545995 1.98%
decentraland
Decentraland (MANA) $ 0.951959 3.16%
flow
Flow (FLOW) $ 1.70 2.27%
the-sandbox
The Sandbox (SAND) $ 1.14 6.50%
wax
WAX (WAXP) $ 0.098958 1.02%
ecomi
ECOMI (OMI) $ 0.001317 3.53%
terra-virtua-kolect
The Virtua Kolect (TVK) $ 0.034115 1.33%