The Latest Breaking News from Ethereum

Cryptocurrency smothered by congestion due to high demand for plots of land in multiplayer game Otherside

The Bored Ape Yacht Club (BAYC) NFTs have touched a new record high floor price. According to NFT Price Floor, one BAYC NFT would now cost around 154 ETH (CRYPTO: Ethereum), over $430,000. 

Over the past 24 hours, Ethereum's (CRYPTO: ETH) price has fallen 4.55% to $2,824.46. This continues its negative trend over the past week where it has experienced a 5.0% loss, moving from $2,957.08 to its current price.

What happened: On Thursday a total of 4,531.91 Ether (CRYPTO: ETH) worth $12,787,064, based on the current value of Ethereum at time of publication ($2,821.56), was burned from Ethereum transactions.

In its ninth upgrade, Tezos says it has the on-chain governance operational POS model, and interoperability to lead in a Web3 world.

Web3, which runs on blockchain, cryptocurrencies and non-fungible tokens, is getting major support as the third generation of the internet.

Global real-estate firm Jamestown LP has enabled rental payments with cryptocurrency.

Bitcoin traded in the green on Thursday evening but failed to cross the key $40,000 barrier in intraday trading, as the global cryptocurrency market cap rose 1.2% to $1.8 trillion.

What happened: Virtual land tokenized as an NFT just sold for $50,325, which is 7.85x the current floor price of 2.169 Ethereum (CRYPTO: ETH) ($50,325 USD). The collection consists of over 97,000 plots of land –– at the current moment each plot Land parcels are 16m x 16m, or 52…