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Tezos (XTZ)





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3 m
XTZ
How can NFTs transform daily life? By now, hearing "NFT” in any context evokes some sort of reaction — good or bad. By now, hearing “NFT” in any context evokes some sort of reaction — good or bad. Some may be immediately thrust back to the spring of 2021 when digital artist Beeple sold an NFT of his original artwork for $69 million. Others might remember Peter Davidson’s singing “What the hell’s an NFT?” on Saturday Night Live. But for others, it’s less about novelty and more about utility.   Whether we like it or not, NFTs are so much more than the artwork that captivated the world two years ago. Their inherent capabilities — due almost entirely to the blockchain technology they are built on — lend themselves to industries and use cases that require transparency, authenticity and airtight security.  Consider healthcare and education as prime examples. In recent times, both sectors have encountered instances where individuals, such as nurses and teachers, were employed based on fraudulent qualifications. In May, the Washington Post highlighted a case where approximately 2,800 people acquired credentials from unaccredited schools without attending classes, passing the National Council Licensure Examination and subsequently using this achievement to secure better job opportunities. This is where NFTs can come into play. Schools can address this problem by issuing NFTs for certifications or credentials to students who have genuinely attended and completed their curriculum. By possessing these NFTs, students gain a credible means to demonstrate to potential employers that they have successfully fulfilled the educational requirements for the role. Employers can easily verify this information since NFTs serve as unique, unmodifiable identifiers. The Department of Motor Vehicles (DMV) — an antiquated, bureaucratic and frustratingly slow entity — is even considering incorporating NFT technology into its operations. Earlier this year, the California DMV — the state with the highest number of car registrations in the U.S. — tested digitizing car titles and registration as NFTs through the Tezos network (an open-source blockchain). The objective is to enhance efficiency and maintain more accurate records due to the immutable nature of NFTs. While still in the early stages of testing, this development holds great promise, potentially significantly improving the lives of Californians and many others in the future. Perhaps the most exciting, and certainly the most promising, is the incorporation of NFTs into event ticketing for the sports and entertainment industries. Following countrywide backlash from Ticketmaster’s handling of Taylor Swift’s Eras Tour and Beyonce’s Renaissance World Tour, it’s become increasingly clear that the ticketing industry at large is in need of an overhaul. From the influx of bots purchasing tickets immediately upon their release to price gouging and counterfeit sales, there is much work to be done. The NFL took an important first step in 2021 when it mandated that all tickets be digital to alleviate security issues and allow the league to track secondary market sales more accurately and efficiently. The innovative change from digital tickets — which is the norm today — to NFT ticketing would offer an even bigger increase in ensuring tickets are authentic, verified and secure. Additionally, NFT ticketing can significantly aid event ticket issuers by simultaneously offering seamless interactions with fans about event notifications, giveaways, services and more.  Ultimately, the potential for NFTs to impact and revolutionize daily life is extremely evident. Through their unmatched security, transparency and authenticity, NFTs have the ability to change the way we handle digital assets and could help shape the future. Through each of these various real-world use cases — education and healthcare credentials, DMV verification and NFT ticketing — NFTs would be able to usher in a new and improved era of efficiency and trust while ultimately providing a better future, user experience and higher quality of life. Anthony Georgiades is the co-founder of Pastel Network. This article was published through Cointelegraph Innovation Circle, a vetted organization of senior executives and experts in the blockchain technology industry who are building the future through the power of connections, collaboration and thought leadership. Opinions expressed do not necessarily reflect those of Cointelegraph.
4 m
XTZ
National Hockey League Comes Around to Digital Collectibles, Using Sweet Platform NHL Breakaway launches with Sweet, a platform for brands to create NFT collectibles under the Ethereum ERC-721 standard on Polygon and the Ethereum mainnet.
5 m
XTZ
Tezos Sube 7% Tras Aumento De Volumen en Exchanges de Corea del Sur El volumen de negociación de 24 horas para el token nativo de Tezos, XTZ, aumentó más de siete veces su promedio mensual en medio del último rally.
6 m
XTZ
Bitcoin range trades as volatility subsides. Will TON, LINK, MKR and XTZ follow? Bitcoin remains stuck in a range, but TON, LINK, MKR and XTZ are trying to start an up move.
6 m
XTZ
Bitcoin flatlines again, but TON, LINK, MKR, XTZ are poised for up-move Bitcoin remains stuck in a range, but TON, LINK, MKR, and XTZ are trying to start an up-move.
6 m
XTZ
Why the choice of the blockchain matters for NFT collections When choosing a blockchain, consider the trade-offs and align it with your needs. Avoid risking your funds, time and community trust. One of the fundamentals of launching an NFT collection is choosing where you’ll mint it to reach the moon. If everyone is choosing the Ethereum and Solana blockchain to mint their collection, does it mean it’s good for your collection too? Sometimes, less saturated blockchains like Ripple, Tezos and Polygon can turn out to be a blue ocean for your collections.  I’ve sold a client’s collection on Ripple. There are many other examples of brands that made their grand foray into less saturated chains. For example, McLaren did two successful launches on Tezos, Volkswagen deployed their NFTs on Polygon in April 2022 and Doodles 2 launched on Flow in January 2023.  On the flip side, there are brands that launched on the most famous chain Ethereum and failed. For example, Lamborghini launched on Ethereum in December 2022 and then we never heard of them again. Porsche launched on Ethereum in January 2023 and managed to sell out only 31% of their collection and eventually closed the mint. Today, the majority of collections are launched on Ethereum but I usually tell my clients to not do this. Because there are already 150K+ collections on the platform (too crowded) and gas fees are high, which means people are less likely to buy. Also, market sentiment is negative on this chain so if you want to market your project, the cost will be astronomically higher.  The consequences of choosing the wrong chain Selecting the wrong chain will result in wasted time, effort and money. It’s crucial to thoroughly research and consider the different aspects of a blockchain before selecting it as the foundation for your NFT collection. Otherwise, you’ll have to face these negative consequences. Potential chain abandonment The blockchain landscape is dynamic with new platforms emerging with the rise of NFTs. You should be careful while choosing a chain if it lacks long-term viability, loses developer support or ceases its operations over time, you and your users may face the risk of chain abandonment. This could make your NFTs obsolete or difficult to transfer to another reliable chain in the future.  Also, funneling users to a broken blockchain can impose a negative impact on your brand’s reputation. And failure in the NFT launch is difficult to recover from. It’ll hurt your brand value in the long term. Lack of interoperability The interoperability of a platform allows NFTs to interact seamlessly with other applications, platforms and wallets. If you choose the wrong blockchain that lacks interoperability, it can limit the exposure and accessibility of your NFTs and make it harder for potential buyers to discover and engage with your collection. Negative perception of the platform The choice of blockchain can influence how your NFT collection is perceived by the community. Certain blockchains may be associated with controversies, environmental concerns or unethical practices. Aligning your collection with such a blockchain could result in negative backlash, criticism and a decline in interest from potential buyers or collaborators. Join the community where you can transform the future. Cointelegraph Innovation Circle brings blockchain technology leaders together to connect, collaborate and publish. Apply today Choosing the right blockchain: Factors you should consider Figure out if a blockchain is PoW or PoS PoW platforms have slower speeds and higher transaction costs, while PoS platforms are faster with lower costs. PoS networks are preferred due to their lower vulnerability. Different PoS mechanisms like leased proof-of-stake (LPoS), delegated proof-of-stake (DPoS), proof-of-history (PoH) and proof-of-stake- authority (PoSA) offer security and energy efficiency, requiring less processing power. Look at the transaction speed The transaction speed of a blockchain platform plays a significant role in the success of your collection and the associated transaction costs. If you choose a chain with low throughput, users may have to pay higher fees to miners to ensure their transactions are prioritized over others. Some blockchains have higher transaction speeds, allowing them to handle a larger number of transactions per second, while others may be slower. Security is vital It’s important to note that speed alone should not overshadow the importance of maintaining high levels of security when selecting the ideal platform for your NFT project. There are various attack vectors that can exploit vulnerabilities in blockchains, such as fifty-one percent (51%) attacks and man-in-the-middle attacks. These attacks can result in the loss of data, access or financial resources. To ensure the utmost security and prevent such security breaches, choose a blockchain platform with a solid track record of prioritizing security or those that have undergone thorough peer review. Transaction cost Affordable transaction costs are crucial for the widespread adoption of NFTs. Not all NFT artworks or assets are sold at astronomical prices. When selecting a chain for your NFTs, carefully consider the cost structure it offers — or if it provides cost-efficient transactions. Ideally, choose a chain that offers a feeless structure, as this can attract a broader audience to your collection. Smart contract functionality Solid smart contract functionality is vital for NFT platforms, establishing trade terms and ensuring platform security. Well-designed smart contracts instill trust and form a strong foundation for NFT transactions. Thoroughly test the smart contract for resilience and efficiency to enhance platform security. Scalability  Blockchain scalability involves achieving a high transaction per second (TPS) rate on a platform. Scalability on a chain is influenced by three key factors: decentralization, security and speed. However, getting all three qualities simultaneously is challenging so it’s important to prioritize two out of the three factors. Your takeaway?  When choosing a blockchain, consider the trade-offs and align it with your needs. Avoid risking your funds, time and community trust. Popular networks matter for your target audience. Opt for blockchains favored by NFT users. Explore chains optimized for NFT projects, catering to specific customer bases, potentially benefiting your launch. Seek guidance from a native advisor to select the ideal chain, minimizing any negative outcomes. Arvin Khamesh is the founder of soldoutnfts.io. He has incubated 50+ NFT projects with a high success rate. This article was published through Cointelegraph Innovation Circle, a vetted organization of senior executives and experts in the blockchain technology industry who are building the future through the power of connections, collaboration and thought leadership. Opinions expressed do not necessarily reflect those of Cointelegraph. Learn more about Cointelegraph Innovation Circle and see if you qualify to join
7 m
XTZ
PULSR LAUNCHES WEB3’s FIRST AI SEARCH ENGINE FOR NFTs AFTER CLOSING 2M PRE-SEED ROUND. WEST BAY, Cayman Islands, July 27, 2023 /PRNewswire/ — Today, Pulsr Foundation, Web3’s largest distributed NFT discovery ecosystem, releases AI search engine optimization for over 5m NFTs across Ethereum, Polygon and Tezos, now openly available for discovery on its platform: https://www.pulsr.ai/. Pulsr alleviates discoverability  pain points for onchain collectors and NFT marketplaces by using AI […]
8 m
XTZ
Get Protocol Recauda $4.5 Millones Para Competir Con Ticketmaster Con Boletos NFT Con financiamiento inicial liderado por Flow Ventures y la Fundación Tezos en la mezcla, Get Protocol enfatiza un enfoque "Web 2.5" para la venta de entradas.
8 m
XTZ
Tezos Set to Become 8 Times Faster After 'Nairobi' Upgrade ‘Nairobi’ is the blockchain’s fourteenth upgrade.
8 m
XTZ
KuCoin Token (KCS) And Tezos (XTZ) Bullish Sparklo (SPRK) Value Surges It has been an impressive start for Sparklo in the crypto space with many investors lining up to be part of the revolutionary project. Sparklo, which is a novel cryptocurrency, is set to redefine the crypto use cases by linking cryptocurrency to the precious metal industry trading. Meanwhile, KuCoin Token (KCS) and Tezos (XTZ) have […]
9 m
XTZ
Tezos (XTZ) Is on the Rise, Algorand (ALGO) Falls as Sparklo (SPRK) Reinvents the Wheel of Crypto Trading The fluctuating nature of the crypto market has left many cryptocurrencies in the trenches as investors mull their next line of action. While this is going on, Sparklo has reinvented the wheel of crypto trading by aligning the precious metal industry with the crypto market. Having seen the features of Sparklo, Investors are joining the […]
10 m
XTZ
While Cosmos (ATOM) and Tezos (XTZ) Fail to Deliver, InQubeta (QUBE) Presale Shatters Records The cryptocurrency market is currently experiencing unexpected shifts, with many solid tokens like Cosmos (ATOM) and Tezos (XTZ) falling short of delivering bullish pressure. While many investors temporarily criticize them as declining tokens, the cryptocurrency challenger InQubeta (QUBE) fills the void. InQubeta (QUBE) debuts with a milestone presale set to rock the cryptoverse in no […]
10 m
XTZ
Why Web2 companies fail in Web3 while others made it Web3 is now becoming the norm of this new era and therefore, a flurry of Web2 companies and venture capital firms are investing heavily in Web3 to avoid falling behind.  The emergence of Web3 — the next generation of the internet — has led to tremendous growth and profits for creators. This has garnered the interest of several established Web2 companies to join the burgeoning ecosystem.  However, success in Web2 doesn’t guarantee success in Web3. Having been in the industry for a while, I have witnessed many projects skyrocket to success while others crumble, even during the bullish signals. This is because the Web3 world is significantly different from Web2, and navigating this new landscape requires a different approach.  The Porsche 911 7500-edition collection NFT project is a prime example of such a failure. Despite being launched by a luxury automaker, the Porsche 911 collection received disapproval from the Web3 community and failed to sell out in the primary market.  On the other hand, Reddit’s foray into Web3 has been a phenomenal success, surpassing OpenSea’s wallet count in the blink of an eye.  This begs the question, why did others fail terribly and some broke all the records in the same market? The difference in outcomes signifies the importance of doing thorough research before entering Web3.  Examining the unsuccessful foray of Web2 giants into Web3 The Porsche NFT 7500-edition collection was launched on January 23, 2023, with an initial mint price 0.911 ETH. However, the launch wasn’t very successful, and out of the 7,500 supply, 5137 NFTs (68.5% of the total collection) are still not minted out. Porsche took the losses and stopped the minting process. Porsche’s attempt to impress the Web3 audience fell short due to the lack of transparency in the offered utilities. Their initial minting process was confusing with three separate “waves,” leaving buyers unsure of how to create a customized digital Porsche. Also, most automaker companies launched their collection on the Tezos blockchain and they all sold out, but Porsche opted for ETH. Despite ETH having the highest volume on DappRadar in the past 30 days, Porsche did not make an effort to appeal to ETH influencers and buyers.  Porsche was not the only brand that faced massive backlash. National Geographic also faced the consequences of NFT missteps. The brand’s debut NFT collection, ‘GM: Daybreak Around the World,’ was met with harsh criticism from the NFT community. The collection featured breathtaking sunrises captured by 16 world-renowned photographers, with each photo limited to 188 copies, totaling 1,888 NFTs.  However, the collection failed to generate the expected buzz, leading to lackluster sales. Adding fuel to the fire, Nat Geo’s NFT partner encountered technical difficulties during the minting process, causing buyers to experience frustrating delays.  Another example is Liverpool FC. The renowned English football club launched their own NFT collection dubbed “LFC Heroes Club.” But the collection met with a setback and over 90% of the NFTs failed to sell. The entire collection only managed to raise below $1.4 million, a far cry from the expected $8.5 million, primarily due to declining cryptocurrency prices. A look at the successful foray of Web2 brands into Web3  Join the community where you can transform the future. Cointelegraph Innovation Circle brings blockchain technology leaders together to connect, collaborate and publish. Apply today Not all Web2 brands failed to make their first foray into Web3. There are some champions who took the right approach to transition to the Web3 market. Let’s take the example of Reddit.  Reddit’s Web3 strategy was different and worth a closer look at. Just after three months after the initial release of Reddit Collectible Avatars, almost 3 million wallets were created with the vast majority of them belonging to unique users. Reddit combined its Web2 elements into the Web3 onboarding process and handled everything natively — wallet creation, digital collectible customization, payments, etc. Rather than presenting NFT drops as a Web3-specific concept, they marketed NFTs as collectible avatars, wallets as vaults (Reddit’s native crypto wallet built on the Polygon blockchain) and tokens as coins — all familiar terms to Reddit’s Web2 audience.  The brand also offers a low barrier to entry with a mint price range of $10 to $100, making it more affordable for users. Also, Reddit went through lots of education for their community that others didn’t.  Apart from Reddit, numerous other renowned brands, including Nike and Gucci, have also garnered huge profits through Web3 initiatives.  Nike conducted a thorough study of the Web3 space before entering the market. In 2021, the company acquired RTFKT, a Web3 firm specializing in fashion collectibles to bring on board a team of Web3 native experts. Prior to launching its own marketplace SWOOSH in 2022, Nike gained significant knowledge and insights. As a result, Nike’s collection received widespread positive feedback from both the press and the community. Gucci is another notable brand that made significant strides in the NFT space. The brand joined the SuperRare DAO by investing in RARE tokens and leveraged the Vault Art Space by hosting NFT exhibitions. The brand’s first exhibition, “The Next 100 Years of Gucci,” showcased a range of NFT artwork that reflects the brand’s rich heritage.  Gucci’s approach to creating unique digital assets sets them apart from their competitors, and I admire what they did to cater to their customer’s desires. They associated NFTs with physical benefits to incentivize consumers to purchase more tokens. The next frontier: How Web2 companies can thrive in Web3 Web3 is now becoming the norm of this new era and, therefore, a flurry of Web2 companies and venture capital firms are investing heavily in Web3 to avoid falling behind.  However, some Web2 companies are still struggling to make their first foray into Web3. To fully embrace Web3, brands must stop viewing the landscape through the lens of Web2. Traditional Web2 marketing tactics are unlikely to yield success in this new landscape.  Established Web2 brands should set aside their egos and consult with Web3 native experts who truly understand the market. Without them, the transition to Web3 runs the risk of lacking validation and, importantly, being out of reach for a wider audience. Arvin Khamesh is the founder of soldoutnfts.io. He has incubated 50+ NFT projects with a high success rate. This article was published through Cointelegraph Innovation Circle, a vetted organization of senior executives and experts in the blockchain technology industry who are building the future through the power of connections, collaboration and thought leadership. Opinions expressed do not necessarily reflect those of Cointelegraph. Learn more about Cointelegraph Innovation Circle and see if you qualify to join
1 y
XTZ
Tezos (XTZ) Lidera Lista de Pérdidas Semanales Tras Caer 20% Aunque el token nativo de Tezos, XTZ, ha sido el más afectado por la acción bajista de los precios, varios otros tokens notables de capa 1 también han bajado.
1 y
XTZ
Google joins forces with Tezos for web3 solutions development Tezos Foundation and Google Cloud have inked a partnership deal to make it easier for corporations and startups to build Web3 applications on the Tezos blockchain
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1
Bitcoin
Bitcoin
BTC
$ 63 654.45
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-0.08%
-6.44%
-11.61%
2
Ethereum
Ethereum
ETH
$ 3 268.42
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-0.62%
-8.93%
-18.49%
3
Tether USDt
Tether USDt
USDT
$ 0.999505
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-0.06%
+0.07%
-0.09%
4
Solana
SOL
$ 177.25
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-2.22%
-13.29%
+16.15%
5
BNB
BNB
BNB
$ 511.39
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-0.94%
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6
XRP
XRP
XRP
$ 0.585633
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-0.54%
-4.48%
-15.95%
7
USDC
USDC
USDC
$ 1
$ - - - - -
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0.00%
0.00%
+0.02%
8
Cardano
Cardano
ADA
$ 0.609588
$ - - - - -
( - - - - - )
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-0.89%
-10.37%
-18.47%
9
Avalanche
AVAX
$ 56.88
$ - - - - -
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-2.00%
-6.46%
+19.24%
10
Dogecoin
Dogecoin
DOGE
$ 0.128635
$ - - - - -
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-1.26%
-12.71%
-24.82%
11
Shiba Inu
SHIB
$ 0
$ - - - - -
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+0.15%
-10.80%
-23.13%
12
Toncoin
TON
$ 3.75
$ - - - - -
( - - - - - )
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+0.89%
-4.01%
+3.87%
13
Polkadot
DOT
$ 8.95
$ - - - - -
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-0.77%
-12.91%
-15.95%
14
TRON
TRON
TRX
$ 0.120024
$ - - - - -
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-0.58%
-5.00%
-9.19%
16
Polygon
Polygon
MATIC
$ 0.934343
$ - - - - -
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-0.95%
-11.92%
-21.24%
17
Bitcoin Cash
Bitcoin Cash
BCH
$ 365.30
$ - - - - -
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-0.91%
-9.31%
-14.35%
18
NEAR Protocol
NEAR
$ 6.59
$ - - - - -
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-0.59%
-15.19%
-7.61%
19
Uniswap
UNI
$ 10.67
$ - - - - -
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-1.15%
-12.86%
-23.47%
20
Litecoin
Litecoin
LTC
$ 79.03
$ - - - - -
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-0.90%
-6.65%
-19.28%
21
Aptos
APT
$ 14.66
$ - - - - -
( - - - - - )
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+0.85%
+0.37%
+10.86%