Altcoin News Official TheBitTimes.com

The global non-fungible token market has grown into a multi-million-dollar industry. The NFT market came into the limelight five years ago, attracting businesses, institutions, and individual investors and allowing them to create, buy, and sell digital assets on various blockchain networks, including Polygon, Ethereum, and Solana. The NFT market has also established additional opportunities for NFT creators, artists, and investors alike. NFTs are Dead. AI is going to bring them back. This is huge, will be releasing my thoughts on it soon https://t.co/RG9xxGo4ZZ — Starlordy (@starlordyftw) March 3, 2025 NFTs And AI Intergration For the past five years, the NFT market has produced many millionaires, including the digital artist ‘Beeple,’ who sold his ‘Everyday: The First 5,000 Days’ NFT collection for nearly $70 million. Unfortunately, many NFT collections have lost floor price values over time, leaving traders hosting blank JPEGS. In this article, we...

Developers say building the borrowing and lending protocol is "no longer a viable path" for Algorand. Algofi, the borrowing and lending protocol built on decentralized finance blockchain Algorand, will soon shut down. According to a July 11 announcement, developers' "belief in the strength of Algorand's technology and novel consensus algorithm has not wavered," however, the Algofi platform will nevertheless wind down soon: "A confluence of events has taken place that no longer makes building and maintaining the Algofi platform to the highest standards a viable path for our company. Due to this, we will begin sunsetting the platform and put the platform in withdrawal-only mode shortly." Starting Sept. 1, collateral factors of ALGO, vALGO, STBL, USD Coin (USDC), goBTC, and goETH markets on both Algofi V1 and V2 will be reduced from around 80% to 0% by the beginning of December. In addition, the current Liquidity Mining programs will be "hal...

The team said it has already lined up clients, including CoinList, Bitso and TrueUSD. A team of former Jane Street and PIMCO traders have raised $15 million to produce a proof-of-solvency protocol for centralized exchanges, stablecoin issuers and other asset managers in the crypto space, according to a press release from the team shown to Cointelegraph. Called “Proven,” the new protocol allegedly uses zero-knowledge proofs to reveal an institution’s assets and liabilities without revealing the personal data of customers. According to the press release, the Proven team consists of quantitative traders, portfolio managers, and researchers from Wall Street firms Two Sigma, Elm Partners, Pimco, Jane Street and others. The initial $15 million seed round was led by crypto-oriented venture capital fund Framework Ventures. Jane Street was also the former employer of Sam Bankman-Fried, who is accused of fraud after the collapse of his crypto exchange, FTX. Proof-of-solvency protocols attempt t...

Cointelegraph interviewed the protocol team at ETHDenver 2023 about the new operating system and funds raised to help Ukrainians last year. The decentralized application (DApp) NEAR protocol is releasing a new blockchain operating system, focusing on improving user experience on Web3 through a common layer for browsing and discovering open web resources, the company disclosed at the Web3 and innovation festival ETHDenver 2023. In an interview with Cointelegraph's Turner Wright during the event, NEAR co-founder Illia Polosukhin spoke on how the ecosystem is moving closer to user's needs and the release of the Blockchain Operating System (BOS). According to the NEAR's team, the system works with any blockchain or Web2 backend, allowing users to have the experience of using a single app, even when switching between applications or chain s. For developers, the solutions promise to deliver decentralized and composable frontends, enabling the fork of pieces and components, an...