Oil recoups losses Tuesday after plunging to January lows on demand worries
NFT marketplace Magic Eden is integrating with the Ethereum scaling layer-2 blockchain Polygon to dive deeper into the blockchain gaming and NFT ecosystems, the companies announced on Tuesday.
"We are excited to integrate with Polygon and continue our pursuit of a multi-chain future for Magic Eden,” Zhuoxun Yin, Magic Eden co-founder and COO, said to TechCrunch. “By offering this integration, we are continuing to remove any chain-specific barriers and open NFTs to the masses.”
The expansion aims to provide Magic Eden the ability to support Polygon’s ecosystem of game developers and creators. The Polygon network hosts some of the biggest web3 gaming projects and publishers like Ubisoft, Atari, Animoca Brands, Decentraland, Sandbox, among others.
Ethereum-focused Polygon has also made headlines recently for partnering with non-crypto-native companies like Instagram, Stripe, Disney, Starbucks and Robinhood to integrate web3 technology into businesses.
“The integration will allow us to onboard more global brands and new users into the NFT marketplace, while continuing to bring web3 games to the masses,” Yin said. “Polygon has already brought many recognized brands into web3, which opens the gate for new users to discover the many utilities of NFTs.”
Polygon network supports over 37,000 decentralized applications (dApps) and has had about 1.8 billion total transactions processed, according to its website. The expansion with Polygon could provide Magic Eden with the ability to tap into its ecosystem and vice versa.
After launching in September 2021, Magic Eden grew in popularity fairly quickly. On average, it has about 10 million unique user sessions per month and sees over 20,000 NFTs traded daily – even amid a market downturn, the company stated. In June, Magic Eden raised $130 million, bringing its valuation to $1.6 billion.
To date, Magic Eden’s platform has over $2.5 billion in total NFT trade volume.
In general, the NFT market hasn’t been growing lately, as total NFT sales have declined every month consecutively since April, according to CryptoSlam data. However, in the past 30 days, Ethereum NFT sales volume increased about 26%, while Solana NFT sales volume fell almost 20%, the data showed. During that time period, Polygon outperformed both Ethereum and Solana blockchains with a 71% increase in NFT sales volume.
“Our entry into Polygon will include a launchpad and marketplace, both of which will go live next month and simplify the process for NFT creators and collectors,” Yin said.
Crypto launchpads are also known as crypto incubators and are platforms that allow web3-focused projects to build within a designated blockchain network. In Magic Eden’s case, its NFT marketplace launchpad is a cross-chain on Solana, Ethereum, or both and is responsible for 90% of all Solana-based NFT volume, according to its website.
The integration will focus on providing tools to creators including a launchpad and marketplace that is linked to Polygon’s native token, MATIC, according to a statement. Gaming developers like BORA backed by Kakao Games, IntellaX, nWay, Block Games, Boomland, Planet Mojo, and Taunt Battleworld have already committed to Magic Eden’s Launchpad with Polygon.
Long term, the partnership between Magic Eden and Polygon aims to bring more gaming developers and NFT games to market, Yin said.
So far, Magic Eden has brought over 100 games to market across the layer-1 blockchains Solana and Ethereum, he added. “Although we’re still in the beginning stages of mass adoption for blockchain games, we believe that Magic Eden can add value here.”
Panoro Minerals Ltd. (TSXV: PML) (Lima: PML) (Frankfurt: PZM) (OTCQB: POROF) ("Panoro", the "Company") is pleased to announce results of additional drill holes from its 16,970 m drill program, the aim of which is to expand the total resource with emphasis on the high-grade component and upgrade the inferred category resources to indicated category at the Company's Cotabambas Cu/Au/Ag Project in southern Peru. The principal conclusion from the results of Drillholes CB-201, CB-202 and CB-203 are s
(Reuters) -A U.S. appeals court on Monday threw out class-action lawsuits accusing Boeing Co and Southwest Airlines Co of covering up a fatal flaw in the design of the Boeing 737 MAX 8 plane, and ordered that the litigation be dismissed. In a 3-0 decision, the 5th U.S. Circuit Court of Appeals in New Orleans said four classes of passengers who claimed they were overcharged on nearly 200 million Southwest and American Airlines tickets over 18 months could not prove they were harmed, depriving federal courts of jurisdiction. Brian Dunne, whose law firm represented the plaintiffs, declined to comment.
MONTREAL — Young Canadians feeling the pinch of inflation want to splurge on holiday gifts for loved ones — so they're cutting back on other festive costs instead. Despite the high cost of living, retail experts say the younger generations are the most likely to splurge on presents this year. "They're really looking forward to treating their loved ones as well as actually treating themselves," said Suzana Colic, a retail consultant with Accenture Canada. To accommodate the extra spending, alread
WellDone Inc., an award-winning Canadian building restoration expert, has joined the ranks of few COR™ certified construction companies that consistently meet the highest standards for construction safety.
OTTAWA — Quebecor Inc. saw an opportunity for Videotron Ltd. to expand its footprint nationally when Rogers Communications Inc.'s $26-billion proposed takeover of Shaw Communications Inc. was announced in March 2021. In cross examination during the hearing on the deal Monday, Quebecor CEO Pierre Karl Péladeau confirmed that his company, which owns Videotron, viewed the proposed merger as a chance to potentially enter the wireless market in Western Canada. Before cross examination began, Péladeau
DUBAI (Reuters) -Dubai's main airport has raised its passenger forecast for this year by 1.5 million to 64.3 million after passenger traffic nearly tripled in the third quarter from the same period last year, the CEO of the airport's operator said on Tuesday. DXB, a major international travel hub, handled nearly 18.5 million passengers in July-September, state-owned operator Dubai Airports' Chief Executive Paul Griffiths told Reuters, up from 6.7 million a year earlier. DXB, where maximum capacity is 118-120 million, expects 77.8 million passengers next year and about 93.3 million in 2025, Griffiths said.
Given their solid underlying businesses, stable cash flows, and excellent track record, these three dividend stocks could be a perfect addition to your portfolio. The post The Smartest Dividend Stocks to Buy With $400 Right Now appeared first on The Motley Fool Canada.
Argentina Lithium & Energy Corp. (TSXV: LIT) (FSE: OAY3) (OTC: PNXLF), ("Argentina Lithium" or the "Company") is pleased to announce that due to continued investor demand, the Company has increased the private placement amount announced on November 3, 2022 and increased on November 16, 2022, from $9,000,000 to $9,085,237 consisting of 36,340,948 units (the "Units") at $0.25 per Unit.
Growing up in a Chinese village, Julian Zhu only saw his father a few times a year when he returned for holidays from his exhausting job in a textile mill in southern Guangdong province. For Zhu, and millions of other younger Chinese, the low pay, long hours of drudgery and the risk of injuries are no longer sacrifices worth making. "After a while that work makes your mind numb," said the 32-year-old, who quit the production lines some years ago and now makes a living selling milk formula and doing scooter deliveries for a supermarket in Shenzhen, China's southern tech hub.
(Reuters) -A U.S. appeals court on Monday threw out class-action lawsuits accusing Boeing Co and Southwest Airlines Co of covering up a fatal flaw in the design of the Boeing 737 MAX 8 plane, and ordered that the litigation be dismissed. In a 3-0 decision, the 5th U.S. Circuit Court of Appeals in New Orleans said four classes of passengers who claimed they were overcharged on nearly 200 million Southwest and American Airlines tickets over 18 months could not prove they were harmed, depriving federal courts of jurisdiction. Brian Dunne, whose law firm represented the plaintiffs, declined to comment.
U.S. stocks rallied on Tuesday in light trading volume as a sales forecast by Best Buy dampened concerns high inflation would lead to a dismal holiday shopping season while a bounce in oil prices helped lift energy shares. Best Buy Co Inc jumped 10.28% as the best performer on the S&P 500 index, after the retailer forecast a smaller drop in annual sales than previously announced and expressed confidence a ramp up in deals and discounts will entice more customers. The gains in Best Buy helped boost the S&P 500 retail index 0.81%.
Do you have a long investment horizon? Here are two top Canadian stocks that could help give you a wealthy retirement. The post 2 Canadian Stocks to Buy and Hold Until You Retire appeared first on The Motley Fool Canada.
LONDON (Reuters) -JP Morgan remains the world's most systemically important bank according to the latest rankings from the G20's Financial Stability Board published on Monday. The FSB began the annual rankings after the global financial crisis over a decade ago, requiring the world's biggest lenders to hold an extra buffer of capital, calibrated across five 'buckets', and undergo tougher scrutiny of operations. JP Morgan remains in bucket 2 – there is still nobody in the top category with most capital requirements.
United Steelworkers union alleges thousands in Bangladeshi factories who make clothes for the retailer aren't paid enough
"The pendulum is really swinging wildly," now that supply chains are easing and demand is too.
Cathay Pacific Airways Ltd will increase base pay by an average of 3.3% in 2023 and offer bonuses worth the equivalent of one month's salary to Hong Kong-based staff meeting performance targets, its CEO said in a memo on Monday. "We have moved from 'survival' to 'recovery' and I am so grateful for the collective efforts of all of you as we work together to regrow Cathay," outgoing CEO Augustus Tang said in a message to staff seen by Reuters. At Cathay, pilot attrition has been higher than normal after more than two years of onerous quarantine norms, combined with permanent pay cuts of as much as 58% made in 2020.
BoomerangFX, a cloud-based, global integrated practice management software, digital marketing, and educational solution provider to the private-pay aesthetic medicine industry, is expanding its reach beyond North America. Having experienced demand for its e-learning solutions across Asia-Pacific and Europe, the company's educational platform, BoomerangFX LEARN, recently surpassed 10,000 participants worldwide.
"When you want to stand out in a crowd, in a sea of very similar-looking earbuds, this is definitely going to achieve that. I just have not really seen it before."
Workers at the largest U.S. rail union voted against a tentative contract deal reached in September, raising the possibility of a year-end strike that could cause significant damage to the U.S. economy and strand vital shipments of food and fuel. Train and engine service members of the transportation division of the International Association of Sheet Metal, Air, Rail, and Transportation Workers (SMART-TD) narrowly voted to reject the deal. "There's a lot of anger about paid sick leave among the membership" who kept goods flowing during the early days of the COVID-19 pandemic, said Seth Harris, a professor at Northeastern University.
A loyal partner of Mira for decades, Mondou announced on November 17 that it raised a total of $500,000 for the second consecutive year during the 8th edition of its Mondou Mondon campaign for the MIRA foundation, which was held in the 80 Mondou stores across Quebec as well as online at Mondou.com, from September 29 to November 13. This represents $50,000 more than the initial target, set at $450,000, bringing the total amount of donations raised to more than $3 million since the launch of this
