NFT

Token Gating: The Future of Engagement

Saturday. August 10 at 5:30 PM

1 min. read

Token gating, a practice that limits access to specific content, events, or services through social tokens or NFTs, has gained popularity post the 2021 NFT boom. Major brands like Ticketmaster and Shopify are exploring this innovative engagement method. While the initial hype may have waned by 2024, token gating remains relevant, evolving, and expanding into various sectors. The recent Cointelegraph X Spaces discussion delved into the nuances of token gating and its future prospects. Belong, a social token-gating app, enables private communities, events, and real-world assets access. The app, available on iOS and Android, offers exclusive content, loyalty programs, and NFT asset management. Token gating's versatility spans industries, offering perks like early music releases and private chats. Belong's upcoming LONG token will drive ecosystem transactions and governance participation. The platform's multichain support and user-friendly features aim to enhance engagement and community building.

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NFT Collections Outperform Fungible Tokens in Weekly Returns

Wednesday. December 25 at 3:00 AM

Non-fungible tokens (NFTs) have shown better performance than fungible tokens in the past week, with the top 10 collections gaining an average of 6.4%. On the other hand, fungible tokens experienced an average decline of 8.6%, except for native tokens from centralized exchanges. Space Doodles led the way with a 44.7% increase, followed by Pudgy Penguins' Lil Pudgys at 35.1%. Despite popular collections like Bored Ape Yacht Club and CryptoPunks dragging down the average returns, most top 10 NFT collections saw double-digit gains. However, their floor prices are still below their peak values. The NFT market on Ethereum, Bitcoin, and Solana also saw declines in trading volume. Large investors are taking advantage of the market dip to accumulate Bitcoin, while El Salvador continues to promote Bitcoin adoption and increase reserves. Disclaimer: The opinions expressed in this article are those of the writers and not CryptoSlate's. Readers are advised to conduct their own research before engaging in cryptocurrency activities.

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Dreamcars: Luxury Car Ownership Made Accessible Through Cryptocurrency

Tuesday. December 24 at 1:00 PM

Dreamcars has democratized luxury car ownership by allowing users to invest in high-end vehicles using cryptocurrency, with the potential to earn up to $50,000 monthly from just a $10 investment. Each car is divided into shares represented as NFTs, ensuring transparency and security through blockchain-based smart contracts. The platform manages all aspects, from purchasing and insuring cars to renting them out, relieving investors of responsibilities. Rental earnings in USDT are distributed monthly to car owners. Dreamcars conducts thorough market research before acquiring cars, offering shares starting at $10 in exchange for DCARS tokens. Investors can earn 20% to 50% annually, with liquidity options available. The project aims to list DCARS on major exchanges, collaborate with influencers, and expand globally. The initiative presents a unique opportunity for investors to own exotic cars affordably and potentially benefit from significant returns.

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MoonPay in Talks to Acquire Helio Pay for $150 Million

Tuesday. December 24 at 11:00 AM

MoonPay is reportedly in discussions to purchase Helio Pay for $150 million, potentially boosting its crypto services and user base. Despite this, MoonPay's investment performance has been lackluster in recent years. The acquisition, if successful, would be MoonPay's largest since its inception in 2018. Helio, a payment platform for the Web3 economy, raised $3.3 million during its seed funding round in April 2023, with support from various venture capital firms. With over 6,000 merchants, 1 million users, and $1.5 billion in annual sales, Helio offers a self-service crypto payments platform for content creators and eCommerce merchants. MoonPay has seen growth in the bullish market, setting Solana transaction records and partnering with Ripple and PayPal. The potential acquisition of Helio aligns with the increasing crypto adoption trend and stablecoin payment forecasts. However, MoonPay's investment activities in 2024 have been subdued, particularly in NFTs and the Metaverse.

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Top Meme Coin Tokens to Watch in 2024

Monday. December 23 at 1:00 PM

As the year comes to a close, investors have a limited time to make an impact on their 2024 portfolios. Highlighted are four meme coin tokens with potential for significant growth by year-end. PENGU and Fartcoin have already shown remarkable surges. SOLX, a trending token, raised over $4 million in its presale and is anticipated to be a high-performing asset. iDEGEN, an AI-based meme coin, has gained popularity and returns, with predictions of exponential growth. WEPE, another token, has broken presale records and is expected to continue its upward trajectory. Vantard offers a diversified meme coin portfolio for investors seeking simplicity. While these tokens show promise, caution is advised due to the volatile nature of the crypto market. Conduct thorough research before investing.

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