Blockchain
Lazy Lions Launch: A ROARING Success
A group of four friends locked down in Sydney, Australia, have kicked off the latest internet craze, creating the Lazy Lions NFT, an exclusive collection of 10,000 unique lion characters, selling out in five hours for over 1.5million USD.
NFTs, or non-fungible tokens, are a digital asset stored on a blockchain digital ledger, technology which to date has typically been associated with cryptocurrencies.
This means that the Lazy Lions can be bought and sold, essentially as an investment, with the most valuable example to date having traded for over US$35,000.
Lazy Lions is hosted on the Ethereum blockchain, which allows users to build a secure public community for a wide variety of digital files, including artwork, with purchases made using the Ethereum cryptocurrency.
In this sense, Lazy Lions follows in the footsteps of other NFTs such as Cryotopunks and the Bored Apes Yacht Club, with the clean and relatable lion designs created from a combination of over 160 possible traits, including clothing, mane, expression and more.
Amongst the created NFTs is a selection of highly desirable rarities, too.
Lazy Lions proved to be a hit from the project’s August 7th launch, with the system becoming clogged with the high volume of sales experienced.
The venture is now fully subscribed, featuring a community of over 3,000 different owners.
The Lion was an obvious choice for the team, as Assyrians, they grew up surrounded with statues and images of Gilgamesh, with the lion being a constant figure. Majestic and powerful, they recognised the pull of the Lion, as well as the community aspect of the lion pride.
The developers then crafted a background story for the Lions, who have become rich in the NFT space, and are subsequently living on a private island community, roaming free and being lazy, sleeping up to 20 hours a day! However, that laziness is not to be misunderstood, as with wild lions hunting and protecting for its pride, the developers are similarly committed to their community.
Another core value of the Lazy Lions is that all owners are kings (or queens); no one is better than the others, with respect to be shown between all community members.
The swift success of the Lazy Lions is largely due to this community aspect, with a Roadmap focussed on giving back to the group, with a strongly supported Discord presence at its heart.
Discord, is an internet based communication service featuring instant messaging and digital distribution, ideal for the creation of collectives such as Lazy Lions.
Also, core to the early popularity of the project is transparency in communications with the developers, including a recent AMA (Ask Me Anything) session and providing and receiving ongoing input and feedback.
This openness also extends back to an exclusive pre-sale opportunity offered to prize-winning members in the lead up to the launch, as well as messaging surrounding an additional 80 blank NFTs, which were minted during the launch system crash and set to be burned.
The Lazy Lions Roadmap features many exclusive features for holders, plus rewards for ongoing ownership and participation.
Starting imminently, every month, Lazy Lion holders will receive their share of 2 per cent of resale royalties in a unique ROARwards Program that recognises community engagement and ownership continuation, while additional share points can be earned by owners displaying their Lazy Lion on their Twitter profile, and also by following other Lazy Lion holders on the platform.
Also kicking off is the Lazy Lions play-to-earn game, offering additional community prizes.
Exclusive merchandise is also available to owners, while holders of Lazy Lions featuring a to be revealed trait will also be in the running to receive free bonus products.
An added extra for holders is The Bungalows, a banner image NFT containing a unique, randomly generated private bungalow for each Lazy Lion.
For further information and links to Lazy Lions on the Opensea trading marketplace, visit www.lazylionsnft.com.
The anticipated return of $9 billion worth of Bitcoin from the Mt. Gox era has the potential to stir anxiety within the cryptocurrency market. This significant influx of Bitcoin, which has been tied up since the collapse of the Mt. Gox exchange in 2014, raises questions about its potential impact on market dynamics and investor sentiment.
The return of these long-dormant Bitcoin holdings may lead to increased volatility and uncertainty in the cryptocurrency market. Market participants are likely to closely monitor the movement of these funds and assess their potential impact on Bitcoin prices and overall market stability.
Additionally, the large-scale return of Bitcoin from the Mt. Gox era may trigger concerns about potential selling pressure and its effect on market liquidity. Investors may anticipate fluctuations in Bitcoin prices as these funds are reintroduced into the market and traded.
Furthermore, the return of these Bitcoin holdings highlights the ongoing legal and regulatory challenges associated with the Mt. Gox saga. The resolution of this long-standing issue could have far-reaching implications for investor confidence and the perception of security within the cryptocurrency ecosystem.
Overall, the anticipated return of $9 billion worth of Bitcoin from the Mt. Gox era has the potential to evoke anxiety among market participants and prompt heightened scrutiny of market dynamics. As the cryptocurrency market braces for this significant development, it remains to be seen how it will navigate the potential challenges and opportunities presented by the return of these funds.
Source: blockchain.news
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Blockchain
Binance Faces Lawsuit in Canada for Selling Crypto Derivative Products Without Registration
Binance is currently embroiled in a legal dispute in Canada over allegations of selling cryptocurrency derivative products without proper registration. This lawsuit underscores the regulatory challenges facing the cryptocurrency exchange in various jurisdictions.
The lawsuit accuses Binance of offering crypto derivative products to Canadian investors without obtaining the necessary registration from Canadian securities regulators. This legal action highlights the importance of compliance with regulatory requirements in the cryptocurrency industry, particularly concerning the sale of derivative products.
Binance’s legal woes in Canada reflect broader concerns about regulatory compliance and investor protection within the cryptocurrency sector. As authorities worldwide increase scrutiny of cryptocurrency exchanges and trading platforms, companies like Binance face mounting legal and regulatory challenges.
The outcome of this lawsuit could have significant implications for Binance and the broader cryptocurrency industry in Canada. Depending on the court’s ruling, it could lead to increased regulatory oversight and stricter enforcement measures for cryptocurrency exchanges operating in the country.
In response to the lawsuit, Binance has stated that it is committed to compliance with all applicable laws and regulations in the jurisdictions where it operates. However, the outcome of this legal dispute will likely shape the regulatory landscape for cryptocurrency exchanges in Canada and influence their future operations and compliance efforts.
Source: blockchain.news
The post Binance Faces Lawsuit in Canada for Selling Crypto Derivative Products Without Registration appeared first on HIPTHER Alerts.
The Cardano Foundation has announced the launch of Pragma, marking a significant milestone in open-source blockchain development. Pragma aims to revolutionize Cardano by enhancing its infrastructure through innovative open-source projects.
Pragma represents a new chapter in the evolution of Cardano, focusing on improving its underlying infrastructure and expanding its capabilities. The initiative underscores the Cardano Foundation’s commitment to fostering innovation and driving progress within the blockchain ecosystem.
By leveraging open-source projects, Pragma seeks to enhance Cardano’s functionality and scalability, paving the way for broader adoption and increased utility. These efforts are expected to unlock new opportunities for developers and users alike, further cementing Cardano’s position as a leading blockchain platform.
Pragma’s launch highlights the ongoing evolution of Cardano and its commitment to pushing the boundaries of blockchain technology. Through collaborative open-source development, Pragma aims to address key challenges and drive continuous improvement within the Cardano ecosystem.
The Cardano Foundation’s announcement of Pragma signals a significant step forward in its mission to build a decentralized and sustainable blockchain infrastructure. With Pragma, Cardano is poised to embark on a new era of innovation and growth, setting the stage for a future of unprecedented possibilities in blockchain development.
Source: cryptonews.com
The post Cardano Foundation Launches PRAGMA: A New Chapter in Open-Source Blockchain Development appeared first on HIPTHER Alerts.
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