Crypto News

How to Find the Right Buyer for Your NFT

Despite the recent downturn in the cryptocurrency market and NFTs, the use-cases for NFTs are constantly expanding. NFTs are here to stay, and with the current diminishing prices, it signals a good buying opportunity for investors. But with NFTs being a new technology, buyers and sellers are still facing difficulties because most platforms make it very hard to find the right NFTs. A company called LUDO is currently developing its own platform to simplify the user experience in the near future. Today, with no optimization or aggregation on marketplaces, organic exposure, SEO, or proper advertising, it is tough to find the right NFTs. But with the tools Ludo is developing for the space, they will change all of that. NFTs have become immensely popular in the last two years, recording a 200x surge in trading volume to reach $21.5 billion by late 2021. However, such growth has also led to a saturation in the market. The NFT space has become so massive and crowded that discovering promising projects is like finding a needle in a haystack. Leading NFT marketplaces like OpenSea and Rarible have successfully connected buyers and sellers, but, at the same time, their scope is mostly limited to front pages and promotions. This creates a gap, especially because existing NFT marketplaces are seldom creator-friendly. Most NFT marketplaces focus on high trading volumes above everything else, including customer turnover. But while ‘trending’ projects get much push from the platform’s algorithm, others remain undiscoverable. Therefore, with no search option helping buyers easily find projects they like, it is virtually impossible to find smaller projects that are not in the top 100. At the same time, creators find it difficult to sell their NFTs unless they are super trendy or have a massive marketing budget. Everything would be different if there was a  ‘explore’ section helping buyers find projects according to their tastes and interests. This would also significantly empower creators, increasing their chances of a sale. This is where Ludo comes in. LUDO, An All-In-One NFT Platform Ludo is a data-driven metasearch engine aggregator that feeds user data to help NFT collections achieve maximum discoverability. With a set of profiling tools and features that help unique projects stand out from the crowd and reach buyers with similar interests. Users enjoy a metaverse experience tailored to their needs based on a proprietary AI-based profiling algorithm or connecting their digital wallets. One could think of Ludo as being the new optimizer for the space, in the same way, Google optimizes ads and search functions according to the users’ profiles. Ludo is an app store that recommends similar apps to users who have a liking for them, this could be NFTs, metaverse collectibles, and other non-fungible items. This can help creators like you get the best value for all kinds of NFTs without relying on viral marketing alone. In conclusion, marketplaces like Opensea are platforms where ANY buyer could buy from ANY seller. This leads to saturation and discoverability problems for creators. However, Ludo is a tool that would help connect the RIGHT buyers to the RIGHT sellers based on user profile data and preferences, opening new exciting opportunities for both.    

Bitcoin Crypto News

Billionaire Mike Novogratz Says Bitcoin At $30,000 Is Unlikely

Bitcoin price has been a topic of debate since the digital asset first made its entry into the mainstream over a decade ago. With its continued growth, a lot of people have come forward to proffer their predictions for the price of the cryptocurrency both in the long and the short term. One of those is billionaire Mike Novogratz. However, despite being usually bullish on the price of bitcoin, Novogratz does not seem to expect much in the short term. Bitcoin Unlikely To Reach $30,000 Currently, the price of bitcoin is bouncing between the $23,000 and $24,000 level. This has seen a lot of speculation as regards what will happen when the digital asset is able to break out of this rut finally. For many, the recent recovery has led them to believe that there will definitely be a run-up back to $30,000, where the price had fallen from. However, not everyone seems to share this bullish short-term sentiment, and Novogratz is one of those. Related Reading: Polkadot Sets Sight On $9 As It Claims The 10th Spot On Crypto Top 10 The CEO of Galaxy Digital has been one of the many proponents of bitcoin, investing in the asset both on a personal and professional level. However, with bitcoin’s current trend, Novogratz does not expect a recovery. Mainly, he does not expect the asset to see $30,000. BTC trending above $23,000 | Source: BTCUSD on TradingView.com Novogratz explained during an interview with Bloomberg that he fully expected the price of the digital asset to continue to trend between $20,000 to $22,000, not believing that a break above $30,000 is possible with the recent run-up. “I’d quite frankly be happy if we’re in a $20,000 – $22,000 or $20,000 – $30,000 range for a while, with the next move breaking up,” he added. Factors Dragging Down Bitcoin There are a number of things that affects the cryptocurrency market and, by extension, the price of bitcoin. Recently, the news of the United States going into a recession has been the catalyst for the recovery trend, but Novogratz believes that the performance of bitcoin continues to be greatly tied to decisions by the government. Related Reading: Market Sentiment Holds Steady As Bitcoin Aims For $24,000 The Fed had once again increased interest rates which had affected the financial markets. With the current situation, any decision from the Fed has an impact on the digital asset due to its close correlation with the macro markets at the moment. But Novogratz believes that the Fed will stop raising rates, which is expected to have a positive impact on financial markets. Despite not believing that the price of Bitcoin cannot touch $30,000 during this run-up, it has not changed the billionaire’s stance on bitcoin. He has previously stated that the price of the digital asset will grow to $500,000. His company also remains committed to its bitcoin strategy, holding a total of 16,402 BTC, making it the public company with the third-largest bitcoin holding in the world. Featured image from CryptoPotato, chart from TradingView.com Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet…

Bitcoin Crypto News Ethereum

These Are the Crypto Economy’s 5 Most Expensive Assets per Unit in August 2022

these-are-the-crypto-economy’s-5-most-expensive-assets-per-unit-in-august-2022

On July 18, 2021, Bitcoin.com News researched the top five most expensive crypto assets and at that time there were two digital currencies worth five digits in value, two tokens worth four digits in U.S. dollar value, and one valued at three digits. Today, a lot has changed but currently, bitcoin and the token yearn More

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CoinLoan’s customer satisfaction survey shows crypto’s promising future

CoinLoan’s customer satisfaction survey shows crypto’s promising future

Despite recent market difficulties, according to a CoinLoan survey, most investors are still bullish about the cryptocurrency market’s future. Users were able to rate how satisfied they were with CoinLoan’s various services, including its lending system, interest accounts, security standards, and customer support, in this survey that was distributed to all of the company’s customers. […]

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VisionsDao Presents Modular GameFi Stack For Sustainable Economies As It Exits Stealth Mode

VisionsDao Presents Modular GameFi Stack For Sustainable Economies As It Exits Stealth Mode

VisionsDAO is a young GameFi infrastructure startup working on developing a foundational primitive that game developers could use to implement sound cryptoeconomic designs and plug-and-play modules that will enable a new wave of sustainable on-chain Web3 games to enter the market and succeed. Through top-notch crypto-economic modules that shorten time-to-market and lower development costs and […]

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Here’s Why Vitalik Buterin Believes Crypto Payments Will Become Mainstream

Crypto payments have become more popular, especially following the bull market run in 2021. There are now millions of merchants worldwide accepting cryptocurrency payments through direct and indirect integrations. Even big corporations have jumped on the bandwagon. Nevertheless, crypto payments still remain in their very early stages. There are still a good number of places […]