Currently, over 10.2 million ETHs are securely locked within the ETH2 smart contract.
- Ethereum’s hash rate reached a record high of 1.11 PH / s earlier this year, indicating an increasing level of decentralization.
- During 2021, Axie Infinity accounted for nearly 75% of all NFT-based blockchain game transactions.
- Limewire, a popular file-sharing service since the early 2000s, aims to revive by launching a new NFT marketplace under new ownership.
Ethereum, the world’s second-largest cryptocurrency by market capitalization, has lost about 5% of its value over the past 24 hours amid growing market uncertainty caused by the ongoing conflict between Russia and Ukraine. rice field. Due to these increasing losses, the annual profit of digital assets is only 40%. At the time of press, ETH is trading at a price of AU $ 3,467.
Despite these losses, investor confidence in the Ethereum network appears to be steadily increasing, with recent quantitative research showing a total of 10.2 million ETH now. Firmly stake out Eth2 Deposit Agreement (launched in the first week of November 2021). According to current ETH prices, the deal currently includes over A $ 35.5 billion (US $ 26 billion).
To become a validator within the Ethereum Network, investors must deposit / bet 32 ETH or more on the official Ethereum Ranch Pad. In addition, at the beginning of January this year, Ethereum’s native hash rate level reached a record high of 1.11 PH / s, indicating that the network is becoming more decentralized.
How to buy Ethereum
Axie Infinity continues to dominate the blockchain gaming market
According to a recent report published by NonFungible, users of the fantasy-based blockchain game Axie Infinity accounted for a total of US $ 3.5 billion worth of all game NFT transactions last year. To get an overview of things, this number occupies approximately. Two-thirds of all NFTs were traded across the blockchain gaming environment during 2021. NBA Top Shot and Loot won second and third place, recording $ 827 million and $ 242 million, respectively.
In addition, CNBC recently reported that global NFT transactions reached a record high of US $ 17.6 billion last year, up 21,000% from 2020. In this study, investors will continue to sell these new tokens until 2021. Currently, there are a total of 112 blockchain games with an estimated 1.88 million wallet addresses associated with them.
LimeWire forges comeback through NFT Marketplace
One of Limewire’s most popular peer-to-peer file-sharing networks in the early 2000s has been revived by launching a new digital collection market. Project representatives, now in the hands of new owners, have revealed that the platform’s NFT Marketplace will debut in May, with a focus primarily on art and music.
Finally, LimeWire has signed a formal contract with blockchain solution provider Algorithm to facilitate a cost-effective as well as energy-efficient token mining process.
Are you interested in cryptocurrencies? Learn the basics in Bitcoin Beginner’s Guide, learn about Ethereum, and see what blockchain can do with DeFi’s easy guide.
Disclosure: The author owns various cryptocurrencies at the time of writing
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