Showing posts with label ethereum. Show all posts
Showing posts with label ethereum. Show all posts

Wednesday, October 14, 2026

ChatGPT Picks One Cryptocurrency To Make You A Millionaire In 2027

While no cryptocurrency can guarantee seven-figure profits in the short run, we asked ChatGPT to pick one cryptocurrency to make you a millionaire in 2027. Of all possible choices, the chatbot settled for Solana (SOL) as one speculative candidate with the potential to benefit from the next phase of blockchain adoption the most. According to ChatGPT, the choice came down to Solana’s established ecosystem and its growing role in decentralized finance (DeFi), stablecoin payments, and the tokenization of real-world assets……….Continue reading…

By: Marko

Source: Finbold

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Critics:

Solana is a public blockchain platform that uses a proof-of-stake consensus mechanism and provides smart contract functionality. The platform’s native cryptocurrency is SOL. Solana was founded in 2018 by Toly Yakovenko and Raj Gokal, and the network was launched in March 2020 by their San Francisco-based company, Solana Labs.

Designed to support decentralized applications and high-throughput transactions, Solana gained traction as a competitor to Ethereum, particularly during the rise of non-fungible tokens (NFTs) in 2021. The platform’s architecture aims to provide faster transaction speeds and lower costs than other major blockchains. However, the high volume of transactions has also contributed to several notable network outages that have impacted its stability and reliability.

The history of Solana has been marked by rapid growth and volatility. After a successful funding round in June 2021, the price of SOL grew by nearly 12,000% that year, reaching a market capitalization of over $70 billion. The platform has since faced challenges, including a major wallet hack in August 2022, a price collapse following the bankruptcy of FTX, and legal scrutiny from the U.S. Securities and Exchange Commission, which in 2023 alleged that SOL qualifies as an unregistered security.

Nevertheless, in January 2025 United States President Donald Trump’s memecoin, $TRUMP, began using the Solana blockchain causing a brief surge to near all-time highs. Solana was first opened to the public in March 2020, with its first block being created on 16 March 2020. The Solana blockchain was designed to support smart contracts and decentralized apps in particular. Large numbers of simultaneous transactions have contributed to several outages of the Solana blockchain.

In June 2021, Solana Labs sold $314 million worth of its native cryptocurrency, SOL, to a group of funds led by Andreessen Horowitz and Polychain Capital.[7] The market capitalization of the Solana blockchain surpassed $63 billion in September 2021, and reached $74 billion in early November 2021, having risen by nearly 12,000% that year to a price of $259.96. The blockchain’s popularity at this time was due in part to interest in NFTs.

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Saturday, August 29, 2026

NFT Sales Fall 44.7% to $63.3M As Ethereum Leads

NFT sales fall 44.7% to $63.3M as Ethereum leads - 1

According to data from CryptoSlam, captured on Aug. 29 with the seven-day filter selected, global NFT sales declined to approximately $63.33 million from about $114.5 million during the equivalent prior period. Buyer addresses increased 30.48% to 227,316, while seller addresses jumped 54.64% to 247,373. The figures represent blockchain addresses rather than confirmed individual users……..Continue reading….

By

Source: Crypto News

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Critics:

An NFT is a data file, stored on a type of digital ledger called a blockchain, which can be sold and traded. The NFT can be associated with a particular asset – digital or physical – such as an image, art, music, or recording of a sports event. It may confer licensing rights to use the asset for a specified purpose. An NFT (and, if applicable, the associated license to use, copy, or display the underlying asset) can be traded and sold on digital markets.

However, the extralegal nature of NFT trading usually results in an informal exchange of ownership over the asset that has no legal basis for enforcement, and so often confers little more than use as a status symbol. NFTs function like cryptographic tokens, but unlike cryptocurrencies, NFTs are not usually mutually interchangeable, so they are not fungible. A non-fungible token contains data links, for example which point to details about where the associated art is stored, that can be affected by link rot.

The NFT market experienced rapid growth during 2020, with its value tripling to US$250 million. In the first three months of 2021, more than US$200 million were spent on NFTs. In the early months of 2021, interest in NFTs increased after a number of high-profile sales and art auctions. In May 2022, The Wall Street Journal reported that the NFT market was “collapsing”.

Daily sales of NFT tokens had declined 92% from September 2021, and the number of active wallets in the NFT market fell 88% from November 2021. While rising interest rates had impacted risky bets across the financial markets, the Journal said “NFTs are among the most speculative.” In December 2022, a programmer named Casey Rodarmor introduced a new way to add NFTs to the Bitcoin blockchain called “ordinals”.

By February 2023, the popularity of ordinals had led to an increase in bitcoin’s payment fees and may have also partially contributed to an increase in bitcoin’s price. A September 2023 report from cryptocurrency gambling website dappGambl claimed 95% of NFTs had fallen to zero monetary value and 79% of all NFT collections have remained unsold.NFTs have been used to exchange digital tokens that link to a digital file asset.

Ownership of an NFT is often associated with a license to use such a linked digital asset but generally does not confer the copyright to the buyer. Some agreements only grant a license for personal, non-commercial use, while other licenses also allow commercial use of the underlying digital asset. This kind of decentralized intellectual copyright poses an alternative to established forms of safeguarding copyright controlled by state institutions and middlemen within the respective industry.

NFTs representing digital collectables and artworks are a speculative asset. The NFT buying surge was called an economic bubble by experts, who also compared it to the Dot-com bubble. In March 2021 Mike Winkelmann called NFTs an “irrational exuberance bubble”. By mid-April 2021, demand subsided, causing prices to fall significantly.

Financial theorist William J. Bernstein compared the NFT market to 17th-century tulip mania, saying any speculative bubble requires a technological advance for people to “get excited about”, with part of that enthusiasm coming from the extreme predictions being made about the product. For regulatory policymakers, NFTs have exacerbated challenges such as speculation, fraud, and high volatility.

NFTs, as with other blockchain securities and with traditional art sales, can potentially be used for money laundering. NFTs can be used for wash trading by creating several wallets for one individual, generating several fictitious sales and consequently selling the respective NFT to a third party. According to a report by Chainalysis these types of wash trades are becoming popular among money launderers because of the largely anonymous nature of transactions on NFT marketplaces. 

Looksrare, created in early 2022, came to be known for the large sums generated through the sale of NFTs in its earliest days, amounting to US$400,000,000 a day. These large sums were generated in large part through wash trading. The Royal United Services Institute said that any risks in relation to money laundering through NFTs could be mitigated through the use of “KYC best practices, strong cyber security measures and a stolen art registry (…) without restricting the growth of this new market”.

Auction platforms for NFTs may face regulatory pressure to comply with anti-money laundering legislation. Gou Wenjun, the director of a monitoring centre for the People’s Bank of China, said that NFTs could “easily become money-laundering tools”. He pointed to unlawful exploitation of cryptographic technologies and said that illicit actors often presented themselves as innovators in financial technology.

Sunday
Tokenized Pokemon Cards Beat Bitcoin in 2026 — Here’s Why
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NFTSales ,CryptoArt ,DigitalCollectibles ,BlockchainTechnology ,NFTCommunity ,Ethereum ,Web3 ,CryptoCollectors ,InvestInArt ,NFTMarket ,VirtualAssets ,DecentralizedFinance ,NFTTrends ,ArtIndustry ,FutureOfArt ,OnlineArtSales ,CryptoInvesting ,NFTDrop ,CollectibleArt, CryptoMarket

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