Monat: März 2023

• Wrapped CryptoCats Official is a non-fungible token collection built on the Ethereum network.
• There are 160 owners in the collection with 273 sales made at an average price of 4.47 ETH (~$7,437.49).
• Payment tokens for Wrapped CryptoCats Official include ETH, DAI, WETH and USDC.

Overview of Wrapped CryptoCats Official

Wrapped CryptoCats Official is a non-fungible token (NFT) collection built on the Ethereum network launched in 14 March, 2021. 315 items of the Wrapped CryptoCats Official collection can now be viewed at OpenSea. The total number of owners has reached 160 within 731 days since its release.

Price and Sales of Wrapped CryptoCats Official

The market capitalization of Wrapped CryptoCats Official NFT collection is 0 ETH. Since created the Wrapped CryptoCats Official, 273 collections sales were made at an average price of 4.47 ETH (~$7,437.49 at the time of writing). This created a total volume in 1,219.497 ETH. The floor price of Wrapped CryptoCats Official is 3.25 and the 30-day trading volume is kept at 4.49 ETH. The payment tokens of the Wrapped CryptoCats Official collection are ETH, DAI, WETH and USDC.

Why Some NFTs Are Expensive And Others Not?

NFTs are very new to the blockchain ecosystem and are still in their infancy thus there is no historical data or precedence that can assist in determining the value of an NFT project or NFTs themselves yet some projects have garnered legitimacy purely because they had a first-mover advantage and others have been made purely out of greed exploiting immense market growth hence why some projects have no value while others become expensive over time due to their success stories or creative space recognition from artists who acknowledge its value add to their art pieces as well as opportunists taking advantage from market growth opportunities when they arise..

Is The Collection Over Or Underpriced?

It is difficult to determine whether NFTs from theWrapped CryptoCats Officiallcollection is overpriced or underpriced due to this being an emerging market without any precedence that could assist in such assessment however it will become clearer when more active development and promotion occur by its creators and community as it will influence prices accordingly .

Examples Of Collection Items

Examples fromtheWrappedCryptoCatsofficialcollection include Cat #14, Cat #339 , Cat #271 and Cat #286 which showcase different art pieces that can be used as digital collectibles such as avatars etcetera through blockchain technology based on Ethereum network protocol standards

• Hedera Network has blocked access to its wallet and app due to technical irregularities.
• SaucerSwap, a DEX on the Hedera Network, has encouraged users to withdraw their liquidity from the platform.
• The cause is possibly an exploit in its smart contracts, though no information about stolen funds has been disclosed yet.

Hedera Network Blocks Access To Wallet & App

The Hedera Network announced that it will turn off all network proxies on its mainnet as it investigates irregularities discovered in its smart contracts. This means that users cannot access or use wallets, decentralized exchanges, decentralized applications, and centralized exchanges on the network. Despite this action, the mainnet continues to remain operational and is reaching consensus on new blocks.

SaucerSwap Encourages Users To Withdraw Liquidity

As a result of these developments, SaucerSwap – a decentralized exchange (DEX) on the Hedera Network – has encouraged its users to withdraw their liquidity from the platform before things can be resolved.

Reason For Decision

Hedera stated that they are taking this action in “an abundance of caution” for its users but have not disclosed whether any funds have been compromised or stolen. This decision was met with criticism by some community members who questioned the project’s commitment to complete decentralization since Hedera maintained control of all proxies at launch.

Possible Exploit?

On March 9th Hedera stated that an ongoing exploit was hitting them and impacting all decentralized applications using their Token Service (HTS). Ignas further elaborated that this issue was related to decompiling processes within smart contracts and advised people to get their funds out now as a precautionary measure. As a result of this news Hashport paused services in order to contain the issue.

Conclusion

Though access and proxies will be re-enabled once issues are resolved, currently users are unable to access any wallets or apps associated with the Hedera Network while investigations continue into what could potentially be an exploit in their smart contracts. In light of these events SaucerSwap has recommended withdrawing any liquidity from their platform until further notice is given by Hedera themselves

• Ethereum core developers have agreed to push the Shanghai/Capella (also dubbed ‚Shapella‘) upgrade to early April.
• The much-anticipated phased withdrawal of Ether (ETH) from the Beacon Chain will be part of the testing.
• The upgrade is expected to retain a bullish momentum for ETH with as volatility points accrued due to ETH staking likely decreases.

Ethereum’s Shanghai Upgrade Pushed To Early April

Ethereum’s core developers have agreed to push the Shanghai/Capella (also dubbed ‚Shapella‘) upgrade to early April in their latest All Core Developers Execution (ACDE) call just yesterday, March 2. Originally slated for the end of March, project lead Tim Beiko announced that the mainnet launch for the Shanghai upgrade will be pushed a further two more weeks at the earliest in order to give node operators time to upgrade their clients.

Successful Sepolia Testnet

He has also noted the success of the Shanghai upgrade on the testnet Sepolia tested last Tuesday, February 28. The Sepolia testnet is a network with limited functions that only allowed for the operation of validator nodes.

Goerli Testnet Next Step

The next step is to deploy the upgrade on the Goerli testnet, a test network allowing for more varied functions such as the testing of smart contracts and decentralized applications. More specifically, the much-anticipated phased withdrawal of Ether (ETH) from the Beacon Chain will be part of this testing. The Goerli test is slated for March 14, 2023 and Beiko has announced another ACDE call on March 16, where they would „probably“ set date of mainnet launch assuming things go smoothly.

Transition From PoW To PoS Mechanism

The Shanghai Upgrade is much-anticipated upgrade (and thus a hard fork) following The Merge that completed Ethereum’s transition from a proof-of-work (PoW) to proof-of-stake (PoS) mechanism. This upgrade will allow validators finally withdraw their staked ETH which have been stored from as far back as December 2020 when consensus layer was deployed.

Increase Transactions Speeds & Lower Gas Fees

Other anticipated upgrades are focused on increasing transactions speeds and lowering gas fees resulting in bullish momentum for ETH and benefit liquidity staking platforms immensely due decrease in volatility points accrued because ETH staking would likely decrease.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice