Crypto Headlines Dec 2, 2021


While many people nowadays associate NFTs with the Ethereum blockchain, the reality is that the concept has been around long before Ethereum existed. In many ways, 2021 was the Year of NFTs. On May 3, 2014, Kevin McCoy, a digital artist, minted the first-known NFT “Quantum.” Quantum is a pixelated octagon filled with different shapes that pulse in a quite hypnotic way. On November 28. 2021, the one-of-a-kind Quantum art piece sold for over $1.4 million in a Sotheby auction. During those years, a significant amount of development and experimentation has taken place in platforms built on top of the Bitcoin blockchain.

While Bitcoin struggles to make gains, Ethereum has led the market’s recovery, gaining more than 7% over the last 24 hours. ETH Gains 530% in 2021, Grayscale Launches Solana Trust, XRP Nodes Fall Out of Sync. Amidst Solana’s (SOL) surge, the largest cryptocurrency fund in the world, Grayscale, has announced the launch of Solana Trust. For investors to access Solana Trust, they will need a $25,000 minimum investment, with Grayscale’s standard 2.5% management fee. According to Grayscale, the trust will give investors access to SOL in the form of security, while avoiding the challenges of buying, storing, and safekeeping SOL directly.–eth-gains-530-grayscale-launches-sol-microstrategy-has-bought-28-of-all-btc-expect-a-us-cbdc-report-director-to-make-nftfunded-movie-nft-sales-will-double-2695822

The basic innovation of crypto is the production of artificial scarcity. The original Bitcoin white paper addresses the problem. Anyone can still right-click and save the JPEGs underlying most of the popular NFT projects. And yet the answer is also “sort of,” in the sense that NFT communities tend to respect the allocations of ownership claims; they act like the JPEGs are scarce — the NFTs, the ownership claims, are scarce — and so they have value. And so some NFTs sell for lots of money. There is absolutely no shortage of JPEGs, they are infinitely reproducible more or less for free, but that means — or meant — that you couldn’t become a millionaire by having good taste in JPEGs.

Sarah Meyohas, an French American artist whose work comments on the entanglements of technology and labor, is hosting a salon on the power of NFTs during Art Basel Miami Beach with the support of Metaversal, an NFT holding company. Meyohas first conceived as BitchCoin as a specialized cryptocurrency that would allow collectors could invest in an artist instead of a particular piece of art. At its inception, one BitchCoin cost $100 and bought an investor 25 square-inches of a print by Meyohas. Meyohas will have a lot of insight to share, as she basically predicted how blockchain technologies would come to integrate with the art world when, in 2015, five months before the birth of Ethereum. 

SHIB inspires dog-enthusiastic artists from around the world to foster what the creators refer to as the ‘artistic Shiba movement,’ bringing the Shiba community to the NFT market. Shiba Inu is relatively one of the new coins that can serve as one of the best hedges for an investor’s portfolio. It is one of the most popular meme tokens that has taken off recently. Recently, the SHIB community has celebrated 1 million holders, creating a stir in the crypto market. Even though the ‘Dogecoin killer’ has a substantial amount of attention from the cryptocurrency community, there is a lot of controversy about its existence and what it would achieve in the future.

FOX Business now offers a wide suite of the largest cryptocurrencies by market value, enhancing real-time data on its digital platform that will provide investors with even more tools to build wealth. With the growing population of retail investors and a thirst for learning and investing in crypto assets, our users can benefit from real-time data and the tools to help them make their investing and trading decisions. Users will be able to track up to 155 cryptocurrency coins and trading action available on both desktops and mobile phones with even more functionality.

Cryptopunks are the ultimate rookie card for NFT collectors. CryptoPunks have earned huge influence in 2021, with dozens of Celebrities proudly showing off their punk ownership on Twitter. CryptoPunk #5807 just sold for 95 ETH ($438,912 USD). The value of CryptoPunks is typically determined by Punk’s attributes, with the hoodie, beanie, and pilot helmet traits being the most coveted. Other species of Punks (Zombies, Apes and Aliens) are incredibly rare and also sell for a premium. CryptoPunks are a generative art collection, and one of the first ever applications of NFTs for digital art. There are only 10,000 Punks in existence, and some of them are thought to be lost forever.

Snoop Dogg has launched a new non-fungible token (NFT) series comprising of both audio and video elements that has been put up for auction on the SuperRare marketplace. This NFT is actually a portrait of Snoop Dogg, made by stitching together 10 different images of his face from different phases of his life into a new animation. NFTs are digital collectibles, the ownership of which is locked and transferrable on the blockchain network. The rapper’s latest NFT is called Decentral Eyes Dog that was created by award-winning mixed media artist Coldie. Snoop has contributed his voice for the NFT-themed lyrics that plays with this virtual collectible as it twitches and moves on screen.

A nanocap company, CurrencyWorks (OTCQB:CWRK), and its unique positioning in the blockchain and cryptocurrency market as a pick-and-shovel play on the space. As many are aware, Bitcoin’s popularity is due to its utility in being an alternative to fiat currency as there is no government involvement, and limited oversight, although that may change. But arguably the greater opportunity lies with the blockchain, which is the underlying technology that Bitcoin and other cryptos rely on. Blockchain drives cryptocurrencies and can also be used for many other applications such as secure sharing of medical data.

  1. Phemex Presents Choose Your Reality On Its 2nd Anniversary 

Phemex thinks it’s time to give back to the users who have helped the platform achieve some crucial milestones. Phemex is all set to turn its users’ dreams into reality as it celebrates its 2nd anniversary. The Singapore-based cryptocurrency exchange has had an extraordinary journey since its inception in 2019, positioning itself as one of the most efficient crypto trading and investment platforms in the world. Led by eight former Morgan Stanley (NYSE:MS) Executives, Phemex has attracted its fair share of ardent followers with its unparalleled reliability, responsiveness, and integrity.