Month: March 2023

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Unlock Your Digital Creativity with Bad Face Bots NFT Collection

• Bad Face Bots is an Ethereum-based non-fungible token collection launched in 28 December 2021.
• It has 2500 owners and a market capitalization of 61.11 ETH.
• The project is still in its infancy, so it’s difficult to assess whether the price is overpriced or underpriced.

Bad Face Bots Collection Overview

Bad Face Bots is a non-fungible tokens collection built on the Ethereum network launched in 28 December 2021. The total number of owners has reached 2500 within 442 days since its release. The market capitalization of Bad Face Bots NFT collection is 61.11 ETH, with 6,757 collections sales at an average price of 0.18 ETH (~$297.02 at the time of writing). This created a total volume in 1,205.409 ETH and payment tokens are ETH, WETH with a floor price of 0.025 and 30-day trading volume kept at 0.22 ETH respectively.

Why Are Some NFTs Expensive and Others Not?

NFTs are very new to the blockchain ecosystem and are still in their infancy, meaning it’s difficult to determine the value of an NFT due to no historical data or precedence available to assist with such assessments yet.. Established NFT projects have had success as they had first-mover advantage, allowing them room for improvement as well as learning from issues that have plagued the market which makes them more valuable than others that have been made purely out of greed and exploitation – these ‘opportunists’ often have no real value making them garbage NFTs overall.

Is the Bad Face Bots Collection Over or Underpriced?

It’s difficult to determine whether NFTs from the Bad Face Bots collection are overpriced or underpriced due to it still being in its infancy; however this assessment will become clearer when more active development occurs surrounding this project such as how it’s promoted by creators/community members etc., which will impact pricing overall too..

Bad Face Bot Fees

When buying/selling from/to Bad Face Bot there are some fees associated: buyer fee to dev: 0 basis points; seller fee to dev: 750 basis points; buyer fee to openseaio: 0 basis points; seller fee to openseaio: 1000 basis points respectively for each transaction type accordingly .

Bad Face Bot Examples

Examples of items from this collection include #1 (an item from series one), #2 (from series two) , #3 (from series three) & #4 (from series four).

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Hedera Network Pauses Access to Wallets, Apps Due to Exploit

• Hedera Network has blocked access to its wallets and apps due to irregularities found in its smart contracts.
• SaucerSwap, a DEX platform on the network, has encouraged users to withdraw their liquidity from the platform.
• The issue is related to an exploit targeting the decompiling process in smart contracts.

Hedera Network Blocks Access

The Hedera Network has blocked access to its wallet and app as it investigates technical irregularities which could be due to a possible exploit in its smart contracts. As a result of this action, SaucerSwap, a decentralized exchange (DEX) on the Hedera Network, has encouraged its users to withdraw their liquidity from the platform.

Reason For Decision

Hedera stated that the action was necessary and it was taking it in “an abundance of caution for users.” However, the project has not disclosed whether any funds have been compromised or stolen. This decision by Hedera has come under significant flak from its community who have now begun questioning the project’s commitment to complete decentralization as they point out that Hedera’s leveraging of proxies indicates that only a few parties exercise control over the network rather than an entire community.

A Possible Exploit?

Hedera stated on the 9th of March that the problem was due to issues with their smart contract. As a result, popular bridge service Hashport also paused its services in a bid to contain the issue. Independent blockchain researcher Ignas tweeted that an ongoing exploit was hitting Hedera and all decentralized applications using their Token Service were impacted. He further elaborated that this exploit targeted decompiling processes in smart contracts and advised people to get their funds out immediately.

Network Remains Inaccessible

The team at Hedera stated despite recent developments;the mainnet would continue to remain operational and is reaching consensus on new blocks however;the network remains inaccessible for most users until further notice.

Access To Be Re-enabled

Hdera has stated that access and proxies will be re-enabled once these issues have been resolved however no timeline for this resolution has been provided as yet by them.

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Explore Web3 Apps with Near Protocol’s Blockchain Operating System (BOS)!

• Near Protocol is transitioning from a sharded, proof-of-stake layer-one blockchain to a Blockchain Operating System (BOS).
• BOS is a product-first platform that developers can build on and users can participate in.
• The BOS will offer features such as asset creation and management, smart contract implementation, composable decentralized applications, developer tooling and socialization features.

Near Protocol Shifts to Become Blockchain Operating System

Near Protocol has announced its shift to become what it calls a “Blockchain Operating System” or BOS. According to Near, this shift marks an important turn towards building user-centric experiences in the Web3 space. With the system, users will gain access to the protocol’s suite of operations platforms and utilities.

Benefits of the BOS

The BOS offers several benefits for developers and users alike. Developers are able to take advantage of pre-built frameworks and libraries for user profiles, payments, notifications, and platform search without having to host on a localized server or a cloud container. Meanwhile, users can find all their Web3 apps conveniently in one place with easy navigation between them.

Features of the BOS

The components offered by Near Protocol’s Blockchain Operating System include asset creation and management, smart contract implementation, composable decentralized applications as well as developer tooling and socialization features. Additionally, operators such as crypto exchanges NFT galleries projects can use seamless bridging across wallets from different chains using the BOS framework.

2023 Roadmap

Near Protocol previously outlined this shift in 2022 as part of its 2023 roadmap with prospects of becoming an industry first category. Co-founder Illia Polosukhin further discussed these plans during ETHDenver industry conference where he highlighted how the composable decentralized front ends could work with any Web 2 or 3 back end wallet via seamless bridging.

Conclusion

Overall Near Protocol’s transition into a full fledged Blockchain Operating System signals new possibilities for developers building on Web3 platforms while creating improved experiences for everyday users who want easy access to all their web 3 apps under one roof.