The top news stories of today are the announcements from Ethereum, Web2 and Metalink regarding the official channels of their NFT marketplaces OpenSea and Metalink, the Merge upgrade on Ethereum, and the Iagon bridge. You can also read about the Bitcoin-backed loan issued by Goldman Sachs. This news will give you a better idea of what to expect from these projects.
Metalink launches official channels for NFT marketplace OpenSea
As part of its new partnership with Bitcoin NFT marketplace OpenSea, Metalink will launch three official channels for the popular cryptocurrency exchange. The company has worked with OpenSea to improve their customer service, and the launch of these channels will help them maintain a clean, orderly channel. However, this exclusive customer service will be reserved for verified owners of Metalink collections, not for all users. Examples of supported collections include Bored Ape Yacht Club, World of Women, and CyberKongz. The partnership with OpenSea is a win-win situation for both sides, as it will allow customers to easily verify their ownership of a Metalink collection and receive support when they need it.
Ethereum’s Merge upgrade
The most recent big crypto move is the adoption of synthetic asset platforms by banks and investment firms. The move has already opened the door for new investors, but only time will tell how the industry impacts the traditional financial landscape. On the other hand, the month of June is dedicated to LGBTQI+ pride events in the U.S. and many other countries. New NFT collections have been released to celebrate these events and raise funds for organizations fighting for LGBTQI+ rights.
Ethereum’s transition to proof-of-stake consensus
The move to a proof-of-stake consensus mechanism has several advantages. For one, it uses less energy. In theory, proof-of-stake should be 99% more efficient than traditional mining. The proof-of-stake consensus mechanism confirms transactions with the address that has staked the most Ether. Because a validator with more Ether has a higher reward, this method of confirming transactions does not require the use of excessive power or boil oceans.
The big cryptocurrency news today involves the transition from proof-of-stake to consensus on the Ethereum network. Ethereum has long been a candidate for this upgrade, but it’s been delayed several times. This week, a testnet is expected to be launched that will test the new underlying software version. If all goes well, the transition should be completed in August. But in the meantime, Ethereum is still trading near a 52-week low.
Dogecoin price expected to gain 50% by September
If you are not familiar with Dogecoin, you are missing out on a big opportunity. The price of the cryptocurrency is set to double in September, and you can be one of the first to benefit from it. The Dallas Mavericks, owned by billionaire investor Mark Cuban, has started accepting DOGE for payments. There are already over two thousand merchants that accept DOGE, and a recent tweet from Elon Musk revealed that he will start accepting it in September.
Binance blocks relatives tied to the Russian government
Several new developments were reported today in the world of crypto currency. The largest crypto exchange, Coinbase, has added BNB Chain and Avalanche to its Wallet. Meanwhile, Dvision Network announced the completion of its LAND staking service. Ultimately, the network aims to become the most blockchain-oriented metaverse. Already, over 10,000 LANDs have been sold to users. Lastly, Beeple, a leading creator of nonfungible tokens, recently had his Twitter account hacked by an unknown hacker.