Crypto Market Overview November 1st | Dex-Trade

Crypto Market Overview November 1st | Dex-Trade

Crypto Is Better than Gold: a Base from Vitalik Buterin

Co-founder of Ethereum, Vitalik Buterin, wrote a tweet in which he once again insisted that cryptocurrency is a better asset to invest than gold, and this is not only about pricing principles, but also about the ease of use of the asset. Of course, immediately after the publication of the tweet caused active discussion in the comments, which was joined by its author. As an opponent, he chose financial expert Zack Weinersmith, who argues that the main requirement of crypto supporters, namely decentralization, perfectly matches the characteristics of an asset like gold. In response to these arguments, Buterin said that gold is difficult to use, especially in financial transactions with untrusted parties, this asset does not support secure storage options such as multi-signature, and gold is already less common than cryptocurrency today. That is literally: the number of gold owners is less than the number of crypto investors. Buterin's response to Wienersmith's initial tweet prompted an immediate backlash from crypto's detractors and supporters alike. For example, a user named Hayden.eth claims that “gold also has the risk of huge centrally controlled inflation due to asteroid mining.” It remains only to propose the idea of ​​​​mining a crypt on an asteroid furnished with solar panels, and the dispute will be gradually resolved...


K-Pop Star Lee HongKi Sold Out Fresh NFT Track in an Hour

Popular South Korean singer and one of the key K-Pop stars, Lee Hong Ki, released his new track as a non-fungible token (NFT) on the Muverse platform and after the listing, it was sold out in about one hour. It is worth noting that Muverse is the only place where you can buy a fresh recording of the artist. Track owners can earn financial rewards from artist-fans interactions on the platform, and even trade an NFT song on OpenSea. In addition, lucky owners of the token from the star have priority over other users in listening to the track. Lee Hong Ki entered the entertainment industry as a child, taking up acting in 2002. However, in the world he is better known as a K-pop artist. In 2009, as one of the main cast members of the popular sitcom, he received several television awards, including the 2009 SBS Acting Awards for Most Popular Actor. Then he worked for the media giant FNC Entertainment. By the way, Hong Ki is also a member and lead vocalist of the boy band FTISLAND. Back in 2015, Lee announced on social media that he was working on both Korean and Japanese albums. Now all of his compositions will be released as separate tokens, which will clearly help the celebrity collect more royalties than from the launch of a full album.


Rick and Morty' Co-Creator Sells $15M Worth of NFTs

TV director, co-creator of the legendary animated series Rick and Morty and voice actor Justin Roiland, with the support of the venture capital company Web3 Paradigm, minted an NFT collection for Art Gobblers, including more than 9600 ETH (approximately $ 15 million) and sold it literally in one evening. At the moment, the main goal of Art Gobblers is to create a "decentralized art factory". Now the platform contains about 2000 NFT collections and operates as an art gallery for alternative artists. Buyers of the tokens can "digest" the artworks created on the project site and add them to their "art bellies", after which they become curated collections that can also be shared. The art carrier is an ERC-20 token called GOO, which can be earned by investing in Gobblers. Once GOOs are obtained, holders can create "pages", which are blank NFT canvases that can be shared or users can be added to them. Currently, the minimum collection price on the platform is about 11 ETH (approximately $17,000). By the way, according to OpenSea, in less than one day of trading, the Roiland collection has already entered the TOP-10 collections in terms of sales in October. And apparently, this is just the beginning...