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🚀 Who was in Chicago? 💽
| Don't miss out on the juiciest news in the crypto space! Stay in the loop to ensure that you receive our latest newsletters, right in your inbox! | | Happy Tuesday, Geckos! FTX has established FTX NFTs, a regulated NFT marketplace that currently supports Solana (SOL) NFTs but will add Ethereum in the coming weeks. The marketplace would allow users to purchase and trade items in US dollars using credit cards or cash transferred by ACH bank transfer or wire transfer. FTX NFTs' users must go through know-your-customer (KYC) identity checks since the marketplace is regulated similarly to the exchange. In today's news, THORSwap recovers cross-chain trading after going offline for months, Kanye West mural artist taps into Avalanche, and Sorare is on the chopping block. Read on! | | |
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| THOR's Stormbreaker THORSwap (RUNE), a cross-chain decentralized exchange, is finally recovering its cross-chain trading after being shut offline following major exploits three months after its launch. According to the update, THORSwap has restored swap functionality across the Bitcoin (BTC), Bitcoin Cash (BCH), Litecoin (LTC), and Binance Smart Chain networks, with restoration for Ethereum in progress. THORSwap also stated that it plans to add support for the Terra (LUNA) stablecoin network as well as Cosmos' (ATOM) Gaia. Cointelegraph | | Kanye West Mural Turns NFT Jason Peterson, a Chicago-based artist who just created a mural of American musician Kanye West, is selling the painting as an NFT on the Avalanche (AVAX) blockchain. The NFT will be sold on YeahProbablyNothing.com, a new marketplace established by Peterson, NFT company Kalao, and Ava Labs, Avalanche's development team. In addition, the NFT owner will be linked to the artwork by a QR code present on the physical mural, with ownership accessible on the Avalanche blockchain at all times. TheBlockCrypto | | Sorare: Casino, Or Otherwise? The UK Gambling Commission is currently conducting investigations into Sorare to determine if the company requires an operating license or whether its services do not constitute gambling. According to the commission, the platform may be operating outside of current legislation, and consumers should "consider this information when deciding whether or not to interact with the side." However, Sorare is certain that they do not offer any types of gambling, adding that they expected regulatory scrutiny as their "nascent technology" grows in popularity. BeInCrypto |
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