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Web3 Platform LiveArt Brings World-leading Arts and Culture to BNB Chain

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Web3 Platform Liveart Brings World-Leading Arts And Culture To Bnb Chain
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New York, United States, 15th September, 2022, Chainwire

LiveArt, the web3 platform transforming the art market, is bringing its industry-leading tools for creators, collectors, communities, and brands to the BNB Smart Chain. The major new initiative was announced today by LiveArt Co-founder and CEO Boris Pevzner at Binance Blockchain Week in Paris and extends a range of LiveArt’s web3 products and features to the BNB Smart Chain.

Through its white labeled launchpad, LiveArt is empowering creators and partners to build on the BNB Smart Chain, enabling the creation of fully customized and branded web3 applications designed for both traditional collectors and crypto natives. The platform is also introducing the Binance Account Bound (BAB) tokens utility into its ecosystem and to its community of over 400,000 collectors. BAB token holders will have access to an exclusive membership that includes special whitelist access and other benefits on the LiveArt platform.

LiveArt also plans to launch select NFT collections by globally-recognized artists on BNB Smart Chain, beginning with a new generative NFT collection by Huang Yuxing, the renowned artist breaking global auction records. The new initiative follows LiveArt’s collaboration with BNB Chain this summer on the LiveArt Global 100, an open call to artists that drew over 500 applicants from more than 50 countries, with the top submissions currently available to acquire on the Binance NFT Marketplace.

Boris Pevzner, Co-Founder and CEO of LiveArt said, “LiveArt has everything a creator or brand is looking for as they enter the web3 space: a network of globally-recognized artist and creators, top notch expertise in both web3 and the arts and culture, and a full spectrum of tools and solutions to get their projects off the ground. We’re excited to empower our partners to launch on BNB Chain and to enhance LiveArt’s own LiveArt ecosystem with the capabilities of the BAB token.”

LiveArt’s White Labeled Launchpad for Brands and Creators on BnB Chain 

LiveArt’s white labeled launchpad allows the creation of fully customized and branded web3 marketplaces and has been utilized by respected arts and culture partners. LiveArt provides support with everything from ideation – including access to its network of content and artists – to infrastructure, to implementation and maintenance. With features including the ability to set up multiple royalty recipients, accept both fiat and crypto transactions, and integrate with existing APIs and SDKs, LiveArt is an all-in-one solution for creators and brands looking to enter the web3 space with a platform that is built for both traditional collectors and crypto natives. LiveArt will offer integration with BNB Smart Chain beginning this month. 

Exclusive Benefits for BAB Token Holders

Available exclusively to BAB token holders, the LiveArt Membership connects the BNB community with LiveArt’s global arts and culture network and top-tier content. Holders receive benefits including:

  • Whitelisting for exclusive releases and airdrops
  • Limited edition physical art and collectibles
  • Invitations to elite virtual and IRL events
  • Voting power in deciding themes for the LiveArt Global 100
  • Access to LiveArt’s proprietary, AI-generated market analytics for NFTs and physical art, drawing from a rapidly growing database of more than 10 million auction records 

BAB token holders will also serve as a key component of Know Your Customer (KYC) verification flow on LiveArt, with token holders obtaining a “verified” status and badge across the LiveArt ecosystem of products. This includes LiveArt’s peer-to-peer trading features, AI-generated analytics, and collection tracking for physical art.

Arts and Culture Projects With Leading Global Artists on BnB Chain 

Coming to BNB Chain This Fall: Chapter 2 of Huang Yuxing’s Meta-morphic 

Following launches of NFT collections by major artists on the LiveArt NFT platform, including Paul Kneale, LiveArt is collaborating with the renowned contemporary artist Huang Yuxing (b. 1975, Beijing) on Meta-morphic, the artist’s first digital artworks. Huang Yuxing is widely recognized for paintings that reflect and preserve the process of their creation. His work’s exceptional synthesis of styles has broad appeal, with imagery that calls back to traditional landscape painting rendered in an ultra-contemporary neon palette that verges on abstraction. Huang’s works have already surpassed the $8-million mark at auction, most recently via the sale of his epic riverscape Seven Treasure Pines (2016-19), which sold for HK$64.8 million ($8.3 million), more than 13 times its high estimate, a record sum for a Chinese artist born after 1970. Huang Yuxing’s collection with LiveArt is a multi-chapter drop, including generative artworks and staking.

About LiveArt

Established by a team of art market insiders and tech innovators, LiveArt is a leading global art platform that blends innovative technology with intimate knowledge of the art market to put collectors and artists in control. LiveArt provides collectors unmatched access to proprietary pricing data and market insights so they can buy and sell artworks with confidence, discretion, and efficiency. The AI-powered data platform is the preeminent destination for art market data and analysis, live auction streaming, real-time and historic pricing information, detailed analysis of artist and market trends, and financial and cultural context. LiveArt’s digital peer-to-peer marketplace provides for ultimate discretion, allowing users to determine how much information about their identity and works of art is disclosed. 

LiveArt NFT is LiveArt’s end-to-end web3 solution for minting and selling NFTs, which equips artists and collaborators with comprehensive rights management and unbreakable resale royalties. Artists can mint their works in the Creator Hub, and collectors can access a curated selection of only the best artworks on the LiveArt NFT Marketplace. The White Label Suite enables galleries and museums to launch and manage their own NFT marketplaces or work with the LiveArt NFT Studio and its partners to curate and market drops.

www.liveart.io | Instagram | Twitter | Facebook | Discord

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Cardano Price Surges, Will The Bulls Hold The Recovery?

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Cardano Price
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Cardano price has been pushed up on its chart by the bulls at the time of writing. In the past day, Cardano moved up 2%. Over the last week, the price action of the altcoin wasn’t positive as it lost most of the gains in the week.

Continued buyer recovery could push ADA past its next resistance level. At the time of writing, however, ADA was trading sideways.

The altcoin has remained sandwiched between $0.50 and $0.44, respectively, over the past couple of weeks.

Although buying strength tried to recover on its chart, selling strength was still dominating at the time of writing.

The support zone for Cardano price rests between $0.44 and $0.40, respectively. Cardano has been one of the altcoins that have moved against the tide.

Bitcoin, however, showed signs of appreciation over the last 24 hours. ADA bulls can quickly fade out if the coin’s buying strength doesn’t move into the positive zone.

Cardano Price Analysis: One Day Chart

Cardano was priced at $0.46 on the one-day chart | Source: ADAUSD on TradingView

ADA was trading at $0.46 at the time of writing. Over the last 24 hours, the coin broke past one of its resistance levels.

The immediate resistance mark for Cardano was $0.49. If the bulls manage to topple over the $0.49 price level, then the bulls can stay put for a longer time.

If buyers don’t come forward, Cardano price will fall to $0.43 and then below the $0.40 mark.

The amount of the altcoin traded in the past session declined, despite a rise in buying strength. This signified the dominance of the sellers in the market.

Technical Analysis

Cardano Price
Cardano registered an uptick in buying pressure on the one-day chart | Source: ADAUSD on TradingView

The altcoin displayed signs of recovery on the one-day chart. Technical indicators pointed toward the bulls taking over.

At the time of writing, the Relative Strength Index was below the half-line, indicating that buying pressure remained greater than selling pressure.

Cardano price was below the 20-SMA line, and that signified less demand as sellers were driving the price momentum in the market.

With a push from the buyers, ADA could travel above the 20-SMA and 50-SMA lines, invalidating the bearish thesis.

Cardano Price
Cardano depicted sell signal on the one-day chart | Source: ADAUSD on TradingView

ADA’s bulls have still not gained momentum on the one-day chart. As long as buyers don’t overpower sellers’ strength, the bulls will not be able to push the price of the altcoin above the $0.49 mark.

The Moving Average Convergence Divergence indicates the price momentum and price action of the altcoin. The MACD underwent a bearish crossover and formed red histograms, which were sell signal for the coin.

The Directional Movement Index measures the overall price direction. DMI was negative as the -DI line was above the +DI line.

The Average Directional Index was moving up towards the 20 mark, which is a sign of the current price action gaining momentum.

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Quant Adds 10% In 24 Hours While Macro Uncertainty Pulls Others

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Interoperability enabling network Quant has gained 10% in the last 24 hours amidst the general crypto bear market. The token is inexorably climbing up the price charts while other tokens struggle to keep their heads above water. The crypto is steadily gaining, testing new highs after its yearly low in June when its price dipped below $50.

The Quant blockchain was a project geared toward solving the issue of interaction among multiple blockchains. Since its inception in 2018, the token began an upward climb from below $1, culminating in an all-time high just below $400. This unprecedented event in the history of Quant took place in September 2021. Quant soared 200% from $187 to $490 on the month, a spike that analysts attribute to three factors. 

Related Reading: Sandbox Struggles In A Bear Market, How Low Can Price Go?

Quant’s All-Time High Catalysts

The first catalyst outline was the launch of Overledger 2.0.5, the network’s DLT connection for businesses to all networks and DLT. Secondly, Quant offered developers incentives via the “Quant developers Program,” a means to lure devs into its ecosystem. Devs build useful protocols and apps, which in turn, attract more users, thereby ensuring the growth of Quant. 

Finally, Quant’s price boosted when it got listed on major exchange platforms like Coinbase and Binance. This move alone caused the protocol’s trading volume to skyrocket from $9 million to a whopping $740 million, according to coinmarketcap. And the rest, they say, is history. Although the token has not tested such highs since then, it continued to do well for itself till the general market became turbulent.

QNT’s price is currently trading at above $115. | Source: QNTUSD price chart from TradingView.com

Macroeconomics Turned Crypto Assets Bearish

By June this year, when the crypto market dropped into a downward spiral, the Quant token dipped to a low of $49. A combination of macro factors dragged down most cryptos, including Bitcoin, from their lofty heights.

For one, the Russo-Ukrainian war began causing global unrest, which always targets risk-prone assets, e.g., crypto. Then followed inflation and Fed’s hawkish attitude towards digital assets in fixing the problem. Ethereum’s merge with its initial hype and subsequent letdown came into the mix, further muddying up the waters. As a result, crypto assets globally have been testing unheard-of lows. 

At the time of writing, Bitcoin continues to fluctuate around the $20,000 resistance level. This is notably a far cry from its legendary $65,000 high, which occurred in 2021. Similarly, ETH and SOL are not left out of this bearish market turn, trading at $1300 and $33, respectively. Ethereum is 70% down from its all-time high, while Solana is 87% below its own.

Related Reading: Dogecoin (DOGE) Is On Top Of Whales’ Menu – Here’s Why

Yet Quant is slowly but surely wending its way up the chart, testing new highs daily. At the time of writing, the token is exchanging hands around $116 after briefly testing $120 earlier in the day. Against the past week’s prices, it is a 7.90% gain, 10% over the last 24 hours.

Featured image from Pixabay and chart from TradingView.com

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Ripple Outperforming Whole Market, What’s Pumping XRP Price? 

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The currency of the blockchain-powered online payment platform, XRP, has gained almost 60% in the past week. After briefly dipping to $0.34 five days ago, the token climbed back and traded around $0.52 this morning.

Crypto influencer Ben Armstrong claims to know the reason behind this continuous climb amid the current general crypto bear market. The multiple-crypto holder shared his two cents about the state of events with his 800k plus followers on Twitter yesterday.

Related Reading: Maker DAO Shows Bullish Sentiment After A While, Eyes $800?

Influencer Believes Impending Close To Ripple-SEC Case Is Responsible

According to Armstrong, multiple factors are causing Ripple’s insane price surge. However, he can confidently trace one primary reason to the ongoing SEC court battle with the sixth strongest crypto. The influencer tweeted that SEC has given up on its 2-year struggle of trying to prove XRP is a security. As of this week, the Ripple community “can be pretty confident the worst-case scenario is a fine,” the tweet reads.

The last weekend saw both parties in the ongoing case filing for summary judgment. In other words, Ripple and SEC believe enough evidence has been provided for a verdict outside a court case. They wait for Judge Torres’ decision supporting one side or the other based on already available evidence. A court battle that started way over in 2020 might soon be coming to an end.

XRP is currently trading at $0.4975. | Source: XRPUSD price chart from TradingView.com

Ripple And XRP Community Expect A Favorable Verdict

Like Ben Armstrong, the Ripple community and Ripple Labs are expectant of a favorable ruling. If that happens, XRP will not be considered a Security but a digital asset, just as Ripple intended. 

Another crypto influencer predicted that if this happens, it will be the needed boost the bearish crypto market needs. David Gokhshtein tweeted that the crypto market will go parabolic should XRP win this case. He and Brad Garlinghouse, Ripple’s CEO, believe a win for XRP would stamp cryptos stand with regulation. Consequently, it would increase investors’ faith in the ailing asset.

Whale Movements On XRP Blockchain Also Partially Responsible For Price Boost

Another reason for the surge in XRP seems to be whale movements on the platform. On-chain analytics firm, Sentiment data reveal an increase in whale transactions on the Ripple blockchain. 

Furthermore, the Whale Alert crypto tracker revealed multiple anonymous transfers of significant amounts of XRP in the past week. Data showed that a 261 million XRP transfer and another 582 million XRP transaction took place. Ripple was involved in both transactions, moving 80,000,000 of the tokens externally. In total, close to a billion tokens exchanged hands in whale transactions last week. 

Related Reading: Can WAVES Flow Back From Its Low Ebb And Reclaim $4.6?

These two factors mentioned above are mainly responsible for the continuous climb of XRP tokens over the last week. One can only wait to see if the XRP community’s optimism is indeed rightly placed and that ripple will indeed win the case. At the time of writing, XRP is currently trading around $0.48 after briefly testing $0.52 earlier today per Coinmarketcap data. 

Featured image from Pixabay and chart from TradingView.com

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Tether Announces Launch of USDT on Polkadot Network

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Tether Tokens Usdt Will Be Available On Tezos
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  • Eleven different blockchains currently support Tether, USDT.
  • A New York court ordered Tether Operations Limited to submit financial records.

Tether, in a statement released on Friday, announced the release of its native token USDT on the Polkadot Network. Polkadot is an open-source blockchain platform that is decentralized. Moreover, it’s a comprehensive Web3 environment that allows for registry and computation amongst different blockchains. 

In addition, the adoption of the stablecoin allows the blockchain platform to further expand its footprint in distributed systems. Concurrently, “potential adverse effects associated with market volatility” will be mitigated thanks to Tether’s incorporation.

Multiple Blockchains Support

The release blog further states that the Polkadot Relay Chain would enable Tether users to conduct USDT transactions and information sharing in a safe and trustless manner.

According to Tether’s Chief Technology Officer Paolo Ardoino:

“We’re delighted to launch USD₮ on Polkadot, offering its community access to the most liquid, stable, and trusted stablecoin in the digital token space. Polkadot is on a trajectory of growth and evolution this year and we believe Tether’s addition will be essential in helping it continue to thrive.”

Eleven different blockchains currently support Tether, a stablecoin. After adding Polkadot on Friday, the firm says it hopes to continue growing by a factor of many more.

Of the total $81.84 billion in swaps today, 55.60% is settled in tether, and 62% of all BTC exchanges use tether as a counterparty. Support for the Polkadot blockchain came at a time when a New York court ordered Tether Operations Limited to submit financial records demonstrating USDT’s backing. The court’s ruling is the result of a class action complaint that five individuals brought three years ago.

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New York Judge Demands Tether To Produce Financial Records

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Iran Commences CBDC Pilot Dubbed ‘Crypto Rial’

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Iran Commences Cbdc Pilot Dubbed ‘Crypto Rial’
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