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money talks

14/03/2022

Yuga Labs, the creator of the Bored Ape Yacht Club, or BAYC, teased a new collaboration with blockchain game publisher Animoca Brands on Twitter (NYSE:TWTR) on Thursday. The catch is that no details about the project have been revealed yet, and users who signed up for it via a Know Your Customer, or KYC, verification process have expressed their concerns on social media.

BAYC simply tweeted out a link to a website where interested fans can apply in the hope of being approved to participate in whatever "is brewing." To apply, users must connect to an Ethereum wallet, provide a photo of their license, passport or other ID as well as proof of their home address, and take a headshot on the camera of the device on which they sign up

14/03/2022

Nonfungible token (NFT) projects have been hard hit by the price decline across the cryptocurrency ecosystem and the current bearish conditions have spared few tokens from a price collapse.

One project that is attempting to get back on solid footing is Immutable X (IMX), an NFT-focused layer-2 scaling solution for the Ethereum network designed to offer near-instant transactions and zero gas fees for minting and trading.

IMX/USDT 4-hour chart. Source: TradingView
OpenSea monthly volume on Ethereum. Source: Dune Analytics
VORTECS™ Score (green) vs. IMX price. Source: Cointelegraph Markets Pro

14/03/2022

In bull and bear markets, the mantra for cryptocurrency projects that are focused on long-term sustainability is “always be building.”

Kadena (KDA) is one project that has earned rewards from its forward-looking approach to development despite the weakness in the wider crypto market and the layer-1 proof-of-work (PoW) blockchain protocol has seen its price reverse direction recently.

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