What does a bear-market ‘cleanse’ actually mean?

Then it all went south when everyone discovered more than 80% of the NFTs created for free on OpenSea were either frauds or scams. The cash-grab culture was put on full display in person at the NFT.NYC event in late June.

For instance, companies in the luxury goods industry have been exploring utilizing NFTs as a means to combat the proliferation of counterfeit items. Projects such as the Aura Blockchain Consortium, headed by luxury behemoths LVMH and Prada Group, harness the power of NFT technology for product authentication, supply chain transparency and data ownership for their physical products.

Minimizing environmental impact and operating sustainably has long been a white whale for crypto and blockchain projects. A recurring critique of crypto and the blockchain as a whole are that they cause serious harm to the environment due to the emissions caused by token mining and other crypto byproducts. As of now, a majority of projects have been unable to shake off this stigma, but new developments can help spearhead a substantial change to this narrative.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

World's Largest Public Bitcoin Miner Sells 79% of Its BTC Holdings, What This Means for Crypto Market.Core_Scientific sells 79% of its BTC holdings, WClementeIII prediction comes true $btc crypto cryptocurrency
Source: Utoday_en - 🏆 295. / 63 Read more »

With the bear market in full throttle, crypto derivatives retain their popularityDerivatives provide risk-management options that sometimes outweigh those offered by outright shorting digital assets. 🤔… Every employment of euphemistic language as justification, reason and rationale for GREED on one hand and OPPORTUNISM on the other, that is CeFi, DeFi, Crypto lending, and the Vulture Capitalists that advantage it, is DISINGENUOUS and IRRESPONSIBLE!!! 🤨😔 Firstrade crypto branch would be provided by a company called APEX crypto BSC crypto Bitgert
Source: Cointelegraph - 🏆 562. / 51 Read more »

‘Dividend aristocrats': Strategists name high-yielding stocks to ride out a bear marketStrategists screened for stocks with dividends of between 3% and 5%, low debt ratios and stable yields.
Source: CNBC - 🏆 12. / 72 Read more »

One boring stock quietly hits all-time high as bear market ragesThis food manufacturer recently impressed Wall Street with an earnings beat, and appeals to investors with its strong dividend yield.
Source: CNBC - 🏆 12. / 72 Read more »