Join the most important conversation in crypto and web3! Secure your seat today
Popular non-fungible token (NFT) marketplace Sudoswap on Monday issued and airdropped its sudo tokens to users based on predetermined criteria.
Airdrops are the unsolicited distribution of a cryptocurrency token or coin, usually for free, to numerous wallet addresses and are generally used as a tactic to gain users. Sudoswap allows users to instantly swap their NFTs for other tokens on the Ethereum blockchain. It locks over $3.7 million worth of token value as of Tuesday, per DeFiLlama.
Eligible for the airdrop were early liquidity providers on Sudoswap as well as holders of 0xmon NFTs, an NFT collection created by Sudoswap's founding team. Furthermore, xmon (XMON), is Ethereum-based utility token 0xmons project, can lock up their tokens on Sudoswap to receive sudo tokens after one month.
Some users received over $100,000 worth of the tokens at the time of the airdrop, as per The Block Director of Research Steven Zheng, who compared the valuation to Looks, another NFT project, and based the token values on the 60 million initial sudo supply.
The sudo tokens are initially non-transferable but can be used to vote on governance decisions to determine Sudoswap's future development and ecosystem strategies, developers said.
Related Quotes
Some are calling the new protocol, which stores NFTs on Bitcoin, as an attack on the blockchain's original mission to conduct financial transactions, while others say the new use case should be embraced alongside other demands for block space.
Fans of the 1980s fantasy puppet television show can collect digital trading cards and connect with other fans through an app.
Seattle home prices are down 13.5%, while Chicago home prices have only fallen 0.8%.
STORY: “With the weather the way that it is, this is our bread-and-butter time of year and local businesses have been hit and they have been hurt," Keogh said.Four people lost their lives in flash floods and landslides that have hit Auckland since Friday (January 27) amid record downpours. A state of emergency was in place in Auckland and Northland, the country's northernmost region.Met service said that the heaviest rains have now passed through Auckland. Finance Minister Grant Roberston said the flooding in the country was probably the most significant disaster apart from earthquakes that New Zealand had ever had to deal with, in terms of insurance.
South Korea’s Financial Supervisory Service has recommended a unified system for mandatory disclosure from issuers of cryptocurrencies.
Individuals who have a lot of money invested in Ethereum don't always limit themselves to just one cryptocurrency. Ethereum whales are especially buying these three cryptocurrencies hand over fist. USD Coin (CRYPTO: USDC) ranks as the favorite cryptocurrency for the top 100 Ethereum whales these days.
The headline numbers for NXP (NXPI) give insight into how the company performed in the quarter ended December 2022, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Next-generation assisted-driving tech company MicroVision (NASDAQ: MVIS) had a macro Wednesday as far as its stock performance was concerned. The deal will allow MicroVision to integrate the privately held, Germany-based company's perception software features into its MicroVision ASIC assisted-driving system. At the time, the buyer wrote in a press release that "Together, MicroVision's MAVIN lidar hardware and Ibeo's mature software will position MicroVision as a leading hardware and perception software partner to [original equipment makers]."
If Apple's earnings hue closely to analysts' predictions, it'll be just the latest sign that the tech industry is on the downswing.
Investors were excited that there is now a bona fide artificial intelligence business application on the market, developed by a prominent tech company.
A smart push into artificial intelligence (AI) was benefiting Microsoft (NASDAQ: MSFT) and its shareholders on Wednesday. A business the tech company has placed a bet on announced a move aimed at capitalizing on its famous innovation, and investors were guardedly optimistic about that development. OpenAI, the platform's developer, announced on its official blog that it's launching a pilot subscription plan called ChatGPT plus.
Apple Inc is expected to report its first decline in quarterly revenue in nearly four years after strict COVID-19 curbs in China rapped the economy and related protests upended iPhone production at its biggest supplier Foxconn. Investors will look for details on how Chief Executive Tim Cook is trying to bolster demand in a weak economy that has prompted mass layoffs in the tech industry, a move Apple has so far avoided thanks to frugal hiring during the pandemic. "With supply chain challenges largely normalized, we now believe Apple is entering a period of slower demand due to macro factors," said Cowen analyst Krish Sankar, adding that he expects 2% fewer iPhone units to be sold in 2023.
In this article, we will take a look at the 10 most undervalued tech stocks to buy according to hedge funds. To see more such companies, go directly to 5 Most Undervalued Tech Stocks to Buy According to Hedge Funds. Tech stocks took a beating last year as investors fled growth stocks amid rising inflation […]
Samsung has debuted its latest Galaxy S23 line of smartphones, complete with the S23 Ultra and its 200-megapixel camera sensor.
Yahoo Finance’s Allie Canal joins the Live show to discuss the latest surrounding Netflix’s fight to end password sharing.
Ring revolutionized the home security industry with its namesake doorbell. The startup initially catapulted to mainstream attention after it showed up on the popular startup investing show “Shark Tank.” It originally was called Doorbot but rebranded to Ring shortly after its “Shark Tank” debut. The startup didn’t get an investment from any sharks, but it did manage to get acquired by Amazon.com Inc. (NASDAQ: AMZN) for $1 billion. Since it’s been under the Amazon umbrella, Ring has released a num
Today's video focuses on recent news impacting Advanced Micro Devices (NASDAQ: AMD) and Nvidia (NASDAQ: NVDA). The consumer market continues to be a massive headwind for these semiconductor giants, but is there some good news for the chip industry? Check out the short video to learn more, consider subscribing, and click the special offer link below.
Apple's (AAPL) first-quarter fiscal 2023 results are expected to reflect slowing Services business and continued market share wins for Mac despite weak PC shipment.
President Joe Biden's push to curb credit card late fees means consumers could expect lower prices charged by Apple and Google on their mobile app stores.
Apple (NASDAQ: AAPL) just released a new tool for small businesses, and it could be a gateway to billions in ad revenue. The new Apple Business Connect suite is a set of tools that allows small businesses to update how their location place cards look across Apple apps like Maps, Messages, and Wallet. Apple is giving small businesses a lot of free tools to win them over.
