Bull market cycles in the cryptocurrency market can be exhilarating for day traders and long-term investors alike, but the speed at which the prices move can make it a challenge for promising new projects that are looking to catch the momentum before the cycle plays itself out. This reality has led to some projects listed on exchanges in the form of token IOUs so that interested parties can get in on the trading action before the token is officially released. Polkadot (DOT) is one of the most well-known examples of a token that went through this process. Casper (CSPR), a …

A multiblockchain game says it delivers a unique blend of decentralized finance and nonfungible tokens, or NFTs — meaning players, developers, traders and crypto veterans all benefit. The team behind the Blockchain Cuties Universe claims traditional gaming presents a plethora of problems. Players never truly own the items they purchase, and these assets often lack interoperability with other games. Although blockchain technology does help alleviate some of these pain points, the team argues that issues still remain. A difficult onboarding process can be offputting for newcomers who are buying crypto for the first time, transactions can be slow and expensive, …

Having just sold a column as a nonfungible token, or NFT, for half a million dollars, The New York Times is now wondering if the whole scene is in a bit of a bubble. In a Tuesday article, "Art’s NFT Question: Next Frontier in Trading, or a New Form of Tulip?," author Scott Reyburn questions the sustainability of the current NFT bubble and draws comparisons to the Dutch “tulip mania” of the 1630s. Tulip mania, for anyone who doesn’t hodl flowers, was a market bubble in the Netherlands that saw prices for a single tulip bulb rocket up to a …

A digital assets platform that serves as a launchpad for up-and-coming crypto projects has integrated Binance Smart Chain — enabling tokens to be created seamlessly within minutes. DxSale is a decentralized token management platform, and its application initially launched in late December 2020 on the Ethereum network. Whereas rivals rely on human verification before startups are given the go-ahead, the organization has chosen to take a different approach by building a trustless application. This is done through smart contracts that work together to remove the risk of fraudulent projects by automatically locking tokens, resulting in an instant gain of trust …

Decentralized oracle network Umbrella has published details of its recent initial DEX offering, or IDO, revealing that 110,000 applicants hsigned up for the offering on Polkastarter. The Feb. 9 offering saw 10 times the amount of hopefuls sign up as the 1,000 randomly selected slots available, with 2.5 million UMB tokens being distributed to only 625 participants during the sale. The IDO raised 72.5 Ether worth roughly $250,000. In an announcement shared with Cointelegraph, Umbrella emphasizes the token sale was intended to limit the concentration of tokens among large holders, taking “deliberate steps to ensure strong participation at fair prices.” …