Christies platform will conduct full auctions. Which will include post-sale transactions, on Ethereum blockchain
Auction house has launched its own NFT-marketplace called Christies 3.0. The platform will run on the Ethereum network. Auctions will be conducted entirely using blockchain technology, according to their website.
Previously, one of oldest auction houses has already repeatedly conducted sales of NFT-artworks. Throughout 2021, it sold nearly $150 million worth of NFT at its auctions. Payments for digital works of art were made in Ethereum. And the trading house received commissions in traditional ways, in fiat currencies.
Our experts noticed to participate in auctions on Christies 3.0 platform. A new user will need to connect an existing cryptocurrency wallet. Of cryptocurrencies auction site accepts only Ethereum for payment. Taxes will also be accrued in ETH.
Remind that in March 2021, an electronic picture of a modern artist Beeple. And NFT token attached to it was sold at Christie’s auction for a record $69.35 million. Artwork of artist became the first lot in history of Christie’s auction house, which was sold for cryptocurrency.
Binance announces measures to protect customer funds in case of ETH network hardfork
Cryptocurrency exchange Binance will suspend withdrawals and deposits of ETH and ERC-20 tokens during the “Merger” (blockchain’s migration to Proof-of-Work protocol). In an official announcement, platform team announced measures. Which will be taken to minimize trading risks. And to protect customer funds in case of a split network and the emergence of a second Ethereum token.
Deposit and token withdrawal transactions will be suspended on the platform on September 6 during the Bellatrix update. And also on September 15 during the Paris update. The exchange will suspend Binance Crypto Loans. As well as ETH margin borrowings between September 14 and 16.
Spot trading of ETH and ERC-20 will not be affected during Ethereum update. However, Binance has drawn attention to the risk of increased volatility in the event of a hardfork. And reserved the right to suspend margin trading.
In the case of network splitting and new ETH token emergence. Binance will use ETH ticker for PoS Ethereum chain. Withdrawals for another version of token will be supported. But distribution details will be covered in a separate announcement.
Coinbase will suspend Ethereum operations during the “Merger” of network
Cryptocurrency exchange Coinbase announced in its blog. That new deposit and withdrawal transactions in ETH and ERC-20 tokens will be temporarily suspended on Coinbase during Ethereum Merge (blockchain update). Transactions launched before the suspension will also be temporarily delayed.
Coinbase team stated that this will be done as a precautionary measure. To ensure that customer funds are protected. Once the update is complete, processing of suspended transactions will be restarted.
“Merger” is tentatively scheduled for September 15. Customers of Coinbase Prime and Coinbase Exchange services may encounter delays in withdrawals. That’s why Exchange recommends customers to withdraw funds in advance, if necessary.
Users of Coinbase Wallet with ETH and ERC-20 tokens. As well as NFT or DeFi products of Ethereum network, this update should not affect them.
Our experts recommend withdrawing the necessary funds from CEX exchanges in advance. Or convert them to other cryptocurrencies at the time of ETH network update.
Market for virtual art continues to grow, despite falling prices for cryptocurrencies and collectibles. Which of NFT artist’s works sold the most, and what was bought this summer.
NFTs are unique crypto-assets that are often objects of art and digital collectibles. Rapid growth in popularity of NFTs began in 2021. And by the end of which NFT trading volume exceeded $13 billion.
This figure was up almost 400 times from 2020 ($33 million). However, due to the downturn in the cryptocurrency market in 2022. The NFT industry has shown a significant decline in sales: in July, it was about $647.23 million.
Despite this, investors and NFT enthusiasts continue to be interested in digital art. Prices for some works by virtual artists approach those of luxury goods. And in particular, they are comparable to the cost of a luxury home. The most popular tokens continue to be items from the Bored Ape Yacht Club, Cool Cats and Crypto Punks collections. Such NFTs are owned by celebrities including rappers Snoop Dogg, Jay-Z, footballer Neymar, Madonna, Ozzy Osbourne and others.
Our experts found the most expensive NFTs ever sold
The Merge – $98.1 million
This work of art was created by Pak, a student of Mike Winkelmann (also known as Beeple). This painting is made up of balls of different sizes. About 29 thousand people invested in The Merge, and total value of NFT was $91.8 million.
The First 5000 Days – $69.3 million
Work by American graphic designer Beeple. NFT was sold in 2021 for $69.3 million at Christie’s auction. First 5000 Days is a collage of Beeple work from 2007.
Clock – $52.7 million
This NFT was created by digital artist Pak to support Wikileaks journalist Julian Assange. The clock counts down how many days Assange has been in prison. It was bought by an activist group AssangeDAO.
HUMAN ONE – $28.8 million
Another NFT by Beeple, sold by him at Christie’s auction. HUMAN ONE is an animated 3d image of an astronaut. Beeple has access to this NFT and can change it periodically.
CryptoPank No. 5822 – $23.7 million
Pixel NFT with a blue punk in a bandana was sold for 8,000 ETH. It was bought for that amount in early 2022.
Expensive NFT buys over last few months
The Answer
The Answer was sold for 100 ETH ($174,900) This work is by one of the most successful digital artists of anyma. Who illuminates in his work the interaction between technology and nature.
gn
NFT gn desktop wallpaper by artist Rajon Bliss (@rivenribbon) was purchased by Snoop Dogg for 64.0 ETH ($97.3k).
88MPH In SoHo
A work by photographer Guido Di Salle was sold for 55.0 ETH ($74,000).
Solana released a Web 3.0 phone named “Saga” to appeal to a growing number of mobile phone users accessing digital assets.
Solana Labs has unveiled the “Saga” smartphone based on the Android operating system. “Saga” is a customized version of OSOM smartphone with built-in cryptocurrency wallet features. It will come pre-installed with Solana Mobile Stack. SMS a toolkit that allows you to create decentralized applications for mobile phones.
And so we found out that this smartphone will allow you to store digital assets and NFTs, sign transactions, and pay for purchases through Solana Pay. But it won’t just be a mobile phone. This device will support Solana-based apps and will have its own dapp Store. Solana Labs has said it intends to develop Saga ecosystem with partners like NFT marketplace Magic Eden, DeFi-platform Orca and wallet Phantom.
Also according to Solana website, this device features a 6.67-inch OLED display, 12GB of RAM and 512GB of storage space. The smartphone is based on Qualcomm Snapdragon 8+ Gen 1 chipset.
Also SMS toolkit supports the Seed Vault secure storage protocol for private keys. This latter puts them in a special enclave, separated from the wallet, applications and operating system. Solana Labs explained that SMS provides developers with a set of libraries and APIs that allow them to create decentralized mobile applications for Android devices. Solana Mobile Stack is already available for download on GitHub.
Want to buy this smartphone now? It is possible and our Crypto-Upvotes team found out how to do it.
“Saga” is expected to go on sale in early 2023 at a price of $1,000. Our experts found out that it is already possible to place a pre-order for 100 USDC – this amount will be deducted from the full price of smartphone, it is also already known will first be released in USA, Canada, EU and UK markets. So with an estimated price of $1,000. Saga mobile phone will compete with flagship models from Apple, Samsung and other mobile phone companies. With a strong ecosystem of software developers who can develop alternative Web 3.0 applications.
Cristiano Ronaldo will launch the first NFT collection in partnership with Binance by end of 2022
Football superstar Cristiano Ronaldo will release several NFT collections. Sportsman entered into a multiyear partnership with Binance exchange, according to a Binance blog. So a goal of this partnership would be to create digital collectibles and attract soccer fans to Web3 ecosystem. “Nothing is more important to me than the fans, so the idea of bringing unprecedented experiences and access through this platform is something that I wanted to be a part of” – says Ronaldo. “We are thrilled to provide his fans with exclusive engagement opportunities to connect with Ronaldo” – said Binance CEO “CZ”.
So the first collection, set to launch at the end of this year. Will feature NFTs with an original design developed by Binance in collaboration with Ronaldo. According to an exchange blog, through a series of NFT collections, Ronaldo will provide a unique experience for soccer fans from many countries. Binance does not disclose details about this partnership, we do not know pricing or other options for this NFT collection at this time. Cristiano Ronaldo already has experience with crypto projects. In 2019, he played for Italian Juventus Football Club, which launched token JUV, which gave fans the right to vote in a number of decisions.
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