Between January 2021 and May 2022, the average gas rate charged by the Ethereum network was around $40, with the highest average daily gas cost of $196.638 on May 1, 2022.

The extraordinarily high transaction costs or gas fees required to conduct a transaction are frequently cited as the Ethereum (ETH) ecosystem’s primary impediment to mainstream dominance. However, with Ethereum’s average gas fees falling below 0.0015 ETH, the story is about to change.

The average transaction price on the Ethereum network has decreased to 0.0015 ETH or $1.57, a figure last seen in December 2020.

Mark Zuckerberg has sent a chilling warning to Meta Platforms Inc. employees: the firm is experiencing one of the “biggest downturns that we’ve seen in recent history,” necessitating a reduction in recruits and resources.

According to the New York Times, the gloomy economic forecast was provided during an internal videoconference meeting for Meta’s 77,800 employees on Thursday. To emphasize the foreboding message, Zuckerberg informed staff that they will be expected to achieve more with less resources and that their performance would be more rigorously judged.

Justin Reed claims he spent $18,000 for the Khorum Coast in the Entropia Universe, an online virtual reality game.

“I know it seems like a lot, and it’s weird to tell someone that I’m a virtual landowner, and I invested my life savings into it.” “But I believe in Entropia,” Reed, whose avatar is David Joker, stated.

During an NFT NYC celebration, contemporary street artist named Seek One partnered with One of None, the NFT platform. Last week’s event at the Infinite Reality Gallery celebrated numerous artists and their future ambitions using NFTs.

This event was a big success, and it achieved its purpose of exploring the One of None Vault Club’s physical and digital art. The event’s two collaborators displayed their dedication to art and demonstrated that NFTs are indeed the future of the creative industry.

The US Federal Bureau of Investigation (FBI) has put up a reward of up to $100,000 for information that leads to the capture of “Crypto Queen” Ruja Ignatova.

Ignatova was put on the FBI’s list of “Ten Most Wanted Fugitives” because she is thought to be the mastermind behind a major fraud scheme that potentially harm millions of investors around the world.

Coinbase NFT is giving its small number of users more new features.

Since its public beta launch at the beginning of May, the cryptocurrency exchange’s NFT marketplace has gotten a number of improvements. Coinbase NFT has added a “Bulk Manage” feature, a “Liked” tab, the ability to change list prices, a “Insights” page, and a “Notifications Hub.”

It has also included rarity criteria, time-delayed listings, a “Following” feed, and the option for users to link up to ten crypto wallets to a single Coinbase NFT account, among other things.

DecentWorld has had a crazy week. Even though the Secondary Market has only been open for two days, users have already made millions of dollars trading NFTs, which has never been done before in such a short amount of time.

A user named YB46 just made more than $1 million by selling his South Las Vegas Boulevard NFT to another user named SomneukChina. SomneukChina paid $1.25 million for the digital street.

Quixotic, a marketplace for NFTs that runs on Ethereum’s layer-2 scaling solution Optimism, said that its platform has a security hole. All NFTs on Quixotic are safe and not affected by the exploit, the market said.

Apetimism, a community-driven NFT, saw a breach in Optimism’s Quixotic marketplace earlier today. Apetimism quickly sent out a tweet to let the community know that there might be a hack on Quixotic. A bad person went after the “Offer” feature and stole nearly $100,000 worth of ERC-20 tokens from Quixotic.