CryptoBlog n.2116
🖼 Web3-Friendly Lampu Festival in Bali Uses NFT Tickets The Lampu festival in Bali, inspired by the world-famous Burning Man, integrated Web3 technologies for its 2024 event. Held from Feb. 29 to March 3, the festival welcomed over 1,000 attendees who experienced NFT ticketing and crypto payments. This method reduced fraud and improved operations for the organizers. Unlike traditional tickets, NFT tickets provided a secure method of entry, eliminating the risks of counterfeiting or loss.
CryptoBlog n.2115
The US DOJ has officially selected Coinbase Prime for storing and trading confiscated cryptocurrency.
CryptoBlog n.2114
🖼 NFT Sales Volumes Crumble By 45% Quarter on Quarter: Data According to data from Cryptoslam, the NFT market experienced a significant decline in monthly volumes during Q2 compared to the first quarter of 2024. Sales volumes in Q2 fell by 45% quarter-on-quarter. In the first quarter of 2024, total sales volumes in the NFT market exceeded $4.1 billion, a substantial increase from the $2.9 billion recorded in Q1 2023. However, in Q2 2024, NFT volumes experienced a significant downturn, reporting a quarterly volume of approximately $2.28 billion, the lowest since Q3 2023.
CryptoBlog n.2113
Circle, the issuer of USDC and EURC, has registered as an electronic money institution (EMI) in France, becoming the first global stablecoin issuer to achieve compliance with the EU’s Markets in Crypto-Assets (MiCA) regulatory framework. MiCA, which the EU passed last year, is the world’s first comprehensive law specifically governing how crypto companies should operate.