Sandbox launches Sandbox DAO with 25M Sand Treasury
The Sandbox, a decentralized gaming platform, announced the launch of its decentralized autonomous organization (DAO), The Sandbox DAO.
The DAO initiative will be implemented in three phases, allowing The Sandbox SAND
tickers down $0.45
holders and virtual LAND — nonfungible tokens (NFTs) representing in-game plots. Holders and NFT owners can vote on projects and propose improvements through Sandbox Improvement Proposals (SIPs).
Phase one begins May 28 and will enable the community to vote on SIPs; however, The Sandbox staff will still manage some operations.
The Sandbox team said:
“The Sandbox DAO enables the community to help shape and drive the platform's growth and ecosystem. From determining how we allocate critical funds to the next Game Jam theme, community members will have a say in how this platform evolves and where the business focuses its time." $SAND #SandboxNFT #SAND🔥🔥🔥
The crypto market capitalisation is down 0.8% in 24 hours to $2.55 trillion. Bitcoin is losing 0.7%, Ethereum is down 1.1%, and the top altcoins are changing between -0.9% (Toncoin) and +1.1% (Solana).
Bitcoin's hashrate updated a record after the fourth halving. The index reached 676 Eh/s now. The moving average of BTC hashrate over the last 7 days exceeded 650 Eh/s, having reached 659 Eh/s at the beginning of the week. Bitcoin miner capacity increased after the halving, although the opposite was expected.
Bitcoin failed to build on Monday's gains and is losing ground on Tuesday. It is pulling back deep from the upper boundary of the trading range, trading at $68K. The lower boundary of the range (a potential target for bears) is below $60K. That said, the first cryptocurrency's ability to consolidate above $70K will break this bearish pattern.
Manta Network (MANTA) price has increased today. The price of Manta Network (MANTA) is $1.77 today with a 24-hour trading volume of $49,168,923.37. This represents a 0.46% price increase in the last 24 hours and a 6.07% price increase in the past 7 days. $MANTA
PEPE hit a new all-time high at $0.00001725 on Monday, May 27. The frog-themed meme coin noted a surge in active addresses and social dominance amidst rising price. PEPE extended gains by over 4% on Monday and added 81% to its value in the past seven days. #PEPE_EXPERT $PEPE
In the fast-paced world of cryptocurrency, scalability remains a pressing concern, particularly for blockchain networks like Ethereum grappling with congestion and high transaction fees. Layer 2 scaling solutions have emerged as a promising avenue to alleviate these challenges, offering a pathway to improve network throughput and reduce transaction costs without compromising security or decentralization.
Layer 2 solutions operate alongside the main blockchain, enabling off-chain transactions that are settled on the main chain periodically. By moving transactions off-chain, Layer 2 solutions can significantly increase the scalability of blockchain networks, allowing for faster and more cost-effective transactions.
One of the most notable Layer 2 solutions gaining traction is the implementation of sidechains and rollups. Sidechains enable transactions to be processed independently of the main blockchain, while rollups aggregate multiple transactions into a single batch, reducing the computational overhead and gas fees associated with on-chain processing.
Projects like Optimistic Rollups and zkRollups are leading the charge in implementing these solutions, with Ethereum's optimistic rollup technology gaining widespread attention for its potential to dramatically improve scalability while maintaining compatibility with existing smart contracts and decentralized applications.
As blockchain technology continues to evolve, Layer 2 scaling solutions offer a promising path forward to address the scalability limitations of current-generation blockchains. By enhancing network throughput, reducing transaction costs, and improving user experience, Layer 2 solutions are poised to play a pivotal role in shaping the future of decentralized finance and Web 3.0 applications. $BTC $ETH $BNB
Ethereum Meme Coins PEPE and MOG Reach Lifetime Highs Following Ether ETF Filing Approvals
In a whirlwind of excitement for Ethereum enthusiasts, meme coins PEPE and MOG have surged to unprecedented heights, fueled by the recent approvals of Ether ETF filings. These whimsical tokens, known for their playful branding and community-driven ethos, have captured the imagination of crypto investors worldwide.
The approval of Ether ETF filings has injected a fresh wave of optimism into the Ethereum ecosystem, signaling growing institutional acceptance and paving the way for broader adoption of the second-largest cryptocurrency by market capitalization. As a result, meme coins like PEPE and MOG have experienced a surge in demand, reaching lifetime highs and igniting a frenzy of trading activity.
PEPE, inspired by the iconic Pepe the Frog meme, and MOG, with its charming mogwai mascot, have become symbols of the vibrant and creative culture within the Ethereum community. Their meteoric rise underscores the power of memes and community engagement in driving the value of digital assets.
As Ethereum continues to solidify its position as a cornerstone of the crypto industry, meme coins like PEPE and MOG are riding the wave of enthusiasm, capturing the hearts and wallets of investors seeking both entertainment and profit. With Ether ETF filings paving the way for increased institutional involvement, the future looks bright for Ethereum and its colorful array of meme-inspired tokens.
In a monumental shift for Solana's decentralized validation process, a recent governance proposal has ushered in a game-changing adjustment: validators will now receive an unprecedented 100% share of priority fees. This decision marks a significant departure from the previous fee distribution model, which allocated priority fees among various stakeholders.
This move underscores Solana's commitment to its validators, recognizing their pivotal role in upholding the integrity and security of the network. By prioritizing validators with a full share of priority fees, Solana aims to incentivize participation, spur network growth, and reward those dedicated to the network's success.
The proposal has garnered widespread praise within the Solana community, heralded as a pivotal step towards decentralization and fairness. This bold initiative not only strengthens Solana's ecosystem but also sets a compelling precedent for other blockchain networks.
As Solana validators prepare to reap the benefits of this groundbreaking proposal, the stage is set for a new chapter of innovation and collaboration within the Solana ecosystem. With this landmark decision, Solana reaffirms its position as a leader in blockchain technology, driving progress and prosperity for all participants. #solonapumping $SOL
Top 5 AI Tokens on Binance to Watch in 2024: Unleashing the Future of Innovation
Investing in AI tokens has become a focal point for many in 2024, as artificial intelligence continues to revolutionize various industries. Here are five AI-related tokens that are gaining traction:
1. SingularityNET (AGIX): SingularityNET powers a decentralized marketplace for AI services, enabling developers to share and monetize their AI algorithms. Its collaborative approach aims to advance AI development and accessibility.
2. Fetch.ai (FET): Fetch.ai integrates blockchain with AI to create decentralized digital economies. It employs autonomous agents to optimize real-world systems, such as transportation networks and energy distribution, making operations more efficient and cost-effective.
3. Ocean Protocol (OCEAN): Ocean Protocol unlocks data for AI applications. It facilitates secure and private data sharing, enabling AI developers to access valuable datasets while ensuring data owners retain control and privacy.
4. Numerai (NMR): Numerai operates as a hedge fund driven by AI and machine learning. The NMR token incentivizes data scientists to create effective trading algorithms, contributing to the fund’s performance and offering a unique approach to financial investments.
5. Cortex (CTXC): Cortex brings AI capabilities to smart contracts, allowing decentralized applications (dApps) to incorporate AI directly. This integration opens up new possibilities for blockchain applications, enhancing their functionality and intelligence.
While these tokens present exciting opportunities, the cryptocurrency market remains volatile. Potential investors should conduct thorough research and consider their risk tolerance before diving into AI token investments. #aitcoinsboom $CTXC $AGIX $FET
Last summer, Sarah was scrolling through an online forum when she stumbled upon a discussion about Pepe Coin. At the time, it was a little-known cryptocurrency, and its price was laughably low. Intrigued by the enthusiastic chatter and memes surrounding it, Sarah decided to take a chance. She invested a modest sum, knowing it was a gamble.
Over the next few months, Pepe Coin's value remained stagnant. Sarah nearly forgot about her small investment until one day, out of the blue, she saw headlines about a sudden surge in meme-based cryptocurrencies. Pepe Coin was mentioned prominently. She quickly logged into her crypto wallet and was stunned to see that her initial investment had multiplied tenfold.
As the price continued to rise, Sarah made the cautious decision to sell a portion of her holdings, securing a hefty profit while still retaining some coins for future potential gains. What had started as a whimsical experiment had turned into a financial windfall, all thanks to her lucky bet on Pepe Coin. #PEPE #mememcoinseason2024 $PEPE