1. Home
  2. Nonfungible Tokens

Nonfungible Tokens

Copyright infringement and NFTs: How artists can protect themselves

What are NFT platforms doing to protect their users against copyright infringement, and what steps can artists take to ensure their work isn’t repurposed without their consent?

Copyright infringement in the online world has been an issue ever since the internet entered our lives. With a copy-and-paste culture, it’s never been easier to pass off a funny tweet as one’s own, upload unauthorized versions of chart-topping songs, and repurpose jaw-dropping photographs and videos.

Now that nonfungible tokens have entered into the arena, a whole host of new issues have emerged. Opportunists are now tokenizing artwork without consent, and in some cases, artists haven’t realized their pieces have been plagiarized until the NFTs have been bought and sold. One attorney recently told Vice that, while creators do have protection under United States copyright law, if their work is tokenized without consent, getting compensation could be made harder by the fact that some NFT marketplaces are less transparent than others.

There are NFT platforms that have introduced mechanisms that allow pirated art to be removed. But according to experts, taking action once unprotected digital files have been copied or downloaded is “like trying to put toothpaste back into a tube.” And to compound the problem, certain precautions that can be taken to tackle copyright infringement can have unintended consequences — censoring small creators who may be unable to prove they created an artwork because they lack an established online presence.

None of this is to say that NFT technology is inherently flawed. These hurdles are common when new concepts suddenly go mainstream. As time goes on, the industry will get better at protecting talented individuals and their works. But there’s one thing that artists can do straight away: Take a few simple steps to protect themselves from copyright infringement.

Protecting work in a digital realm

According to Unique.One, a decentralized NFT marketplace, most of the copyright infringement issues that have been brought to its attention stem back to artwork that was unprotected in the first place. A number of artists share original works with their large followers on Instagram, but these files lack the digital protection that prevent them from being copied and used in infinite ways without consent.

A strongly worded copyright notice often isn’t enough to deter bad actors — nor prove that artwork is authentic if their claims are challenged. However, there are some simple steps that are worth taking when building an online presence, and it all begins when original files are being uploaded in the first place.

Adding a visible watermark to art before sharing digital images anywhere can prove worthwhile, irrespective of whether this is on Instagram, Facebook or on your own website. If you’re especially sophisticated, you may opt for an invisible watermark at the pixel level — something that can give you an upper hand in a dispute, especially among plagiarists who may not have noticed it.

It is also possible to mint NFTs with a watermark and add unlockable content with a high-resolution, watermark-free copy that the buyer can receive upon purchasing a token. You can also set out licensing terms in the description for your nonfungible token. A good example of this was seen when The New York Times sold a tokenized version of an article written by one of its journalists — with the newspaper clearly specifying that this NFT doesn’t purchase the copyright for the feature in question.

Keeping a digital archive of original work, along with the date it was created, can also be a powerful way of proving ownership. And, if art is published for the first time in the form of an NFT, the blockchain itself can serve as an immutable record that offers protection.

A particularly vexing issue

Unique.One is a decentralized nonprofit platform that is owned and managed by a community of passionate digital artists. It said: “It’s a sad fact that the very freedom and flexibility provided to creators by decentralized, permissionless NFT platforms can also attract abuse by bad actors. But innovation also breeds solutions. Technology can be leveraged to help creators keep control of their work.”

They stress that NFTs can also help protect artwork, especially if pieces are minted on-chain before they are distributed through other online channels. Creating an archive of provenance is essential.

While Unique.One predicts that regulatory measures and licensing regimes will evolve as the NFT space grows and matures, the platform warns that this could introduce “additional barriers and censorship hurdles for creators,” and great care should be taken to ensure that the industry doesn’t lose the distinctive attributes that made it popular in the first place.

“As with all innovative technological breakthroughs, NFTs offer exciting opportunities for creators, but along with this freedom of opportunity comes the potential for abuse by malicious actors — it’s simply the world we live in,” the project’s founders said. “Unique.One hopes that artists lean into proactivity and take steps to address the challenges brought on by innovation while enjoying the opportunity it brings.”

Learn more about Unique.One

Disclaimer. Cointelegraph does not endorse any content of product on this page. While we aim at providing you all important information that we could obtain, readers should do their own research before taking any actions related to the company and carry full responsibility for their decisions, nor this article can be considered as an investment advice.

AI Agent Tokens Bleed Amid Sector-Wide Crimson Torrent of Losses

How NFTs, DeFi and Web 3.0 are intertwined

Explosive growth in asset tokenization and NFTs is fueling Web 3.0 growth, and testing DeFi resolve.

While blockchain itself provides the technology constructs to facilitate exchange, ownership and trust in the network, it is in the digitization of value elements where asset tokenization is essential. Tokenization is the process of converting the assets and rights to a property into a digital representation, or token, on a blockchain network. 

Distinguishing between cryptocurrency and tokenized assets is important in understanding exchange vehicles, valuation models and fungibility across the various value networks that are emerging and posing interoperability challenges. These are not just technical challenges, but also business challenges around equitable swaps.

Asset tokenization can lead to the creation of a business model that fuels fractional ownership, the ability to own an instance of a large asset. While discussing asset tokenization in a previous article, I also mentioned the value of an instance economy in democratizing finance, commerce and global access, as well as in creating a broader global marketplace at a scale never before seen.

With digital assets and their fungibility in a blockchain ecosystem, there are various drivers of valuation. These include: 1) tokens based on crypto economic models that are driven by supply and demand, and the utility of the network; 2) nonfungible tokens, or NFTs, which have an intrinsic value such as identification, diplomas and healthcare records — essentially, tokens that are simple proof validations of the existence, authenticity and ownership of digital assets; and 3) fungible tokens that are valued on various bases, such as the sum total of economic activity in the network (cryptocurrency), its utility (smart contracts and transaction network processing), assigned values (stable coins and security tokens), and so on.

In this article, I address the complex issue of the hyperbolic and rapid rise of NFTs, after a similarly meteoric rise of decentralized finance, or DeFi, creating amazing innovations — with immense promise of democratization, new business models and global marketplaces with global access — all fueled by the basic premise of decentralization and fundamental constructs of tokenization and wallets. While NFTs may be characterized as one-of-a-kind cryptographic tokens with some intrinsic value to a holder or to a market (art, collectibles), the NFT movement is indicative of a larger token revolution that will not only fuel massive innovation and growth in Web 3.0 protocols but also test the resolve of the DeFi movement, along with its ability to intersect and provide platforms and an exchange vehicle for all token types.

Growth in Web 3.0 protocols

The first two generations of web protocols were largely about disseminating information and connecting people. They fueled a massive growth in information and collaboration, and did wonders for connecting the world. However, those web protocols were never designed to move things of value. Also, as the Web 2.0 era reached its fullest potential, vulnerabilities such as “fake news” and the “batched relay” of the movement of assets via a series of intermediaries emerged. Threats to the commerce and financial infrastructure of the system risk destabilizing it.

Web 3.0 promises to safeguard all things we value: information, truth and digital assets — both fungible and nonfungible. Whereas Web 2.0 was driven by the advent of social, mobile and the cloud, Web 3.0 is largely built on three new layers of technological innovation: edge computing, decentralized data networks and artificial intelligence.

The growth of NFTs has not only empowered the ability for artists, skilled professionals and entrepreneurs to encapsulate innovation in a tokenized form but has also fueled the democratization of the platform as one of the promises of blockchain technology. The underlying infrastructure includes decentralized storage technologies, efficient consensus protocols, off-chain computing, and oracle networks to provide connectivity and validation to existing systems.

Collectively, the Web 3.0 set of technologies envisions a connected, trustless, accountable network for efficiently delivering value, thus crafting an infrastructure for things of worth. NFTs represent both transferable entities and nontransferable tokens that we value. The latter include things such as our identification, healthcare records and passports, things that represent us and allow us to participate in the digital economy with our own unique, digital identities.

As we dare to envision a shift toward a world with decentralized control, governance based on distributed technology that challenges every business model, and governance structure built upon centralized business frameworks, we do have to ponder some things. Not only the shift itself, but the motivation, incentive and monetization elements that fuel and power the economic infrastructure to move things that have value — thereby keeping up with our changing perception and subsequent realization of that value.

Intersecting with finance — DeFi

DeFi is the movement in the blockchain applications space that leverages decentralized network technology to disrupt and force a transformation of old financial products into trustless, transparent protocols, facilitating digital value creation and dissemination with few to no intermediaries. It is widely understood and accepted that — due to new synergies and co-creation via new digital interactions and value-exchange mechanisms — blockchain technology lays the foundation for a trusted digital transactional network that, as a disintermediated platform, fuels the growth of marketplaces and secondary markets.

While DeFi aims to deliver the promise of finance democratization, NFTs test the resolve of DeFi by delivering a competitive yet inclusive asset class, plus avenues to provide a medium of exchange, fungibility by other fungible asset classes, and liquidity to a traditionally illiquid market.

Asset classes resulting from DeFi protocols and NFTs avail themselves of the advantages of fractional ownership of the assets, blurring the lines between asset classes and using constructs like digital wallets as a receptacle for them. This is all supported by underlying layers of Web 3.0 that provide security and availability via decentralization, as well as trust and immutability via consensus, extending these principles to basic computer infrastructure like storage and interconnect.

Commercialization of Web 3.0 protocols, which manifest as fungible utility tokens, further blurs the lines with diverse financial innovation products introduced by DeFi (such as base assets and derivatives), products that are also tokenized. So, while decentralization is the underlying theme — and the wallet and the token are fundamental constructs — these blurring lines are quite profound.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

The views, thoughts and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.

Nitin Gaur is the founder and director of IBM Digital Asset Labs, where he devises industry standards and use cases and works toward making blockchain for the enterprise a reality. He previously served as chief technology officer of IBM World Wire and of IBM Mobile Payments and Enterprise Mobile Solutions, and he founded IBM Blockchain Labs where he led the effort in establishing the blockchain practice for the enterprise. Nitin is also an IBM Distinguished Engineer and an IBM Master Inventor with a rich patent portfolio. Additionally, he serves as research and portfolio manager for Portal Asset Management, a multi-manager fund specializing in digital assets and DeFi investment strategies.

AI Agent Tokens Bleed Amid Sector-Wide Crimson Torrent of Losses

NFT gaming and a tsunami of trading volume lift Waves to a new all-time high

Waves price swelled to a new all-time high as NFT airdrops and exchange listings attracted new users to the project’s growing ecosystem.

Nonfungible tokens (NFT) have handsomely rewarded early investors over the past few months, especially as they gained mainstream attention thanks to record-breaking digital art sales and well-known influencers like Paris Hilton throwing their support behind the sector. 

April has seen the hype behind NFTs quiet down some, but the recent growth in Waves (WAVES) shows that there is still plenty of excitement remaining in the cryptocurrency community for newly released NFT projects.

WAVES/USDT 4-hour chart. Source: TradingView

Data from Cointelegraph Markets and TradingView shows that the price of Waves has increased 320% in 2021, climbing from a low of $4.86 on Jan. 4 to a new all-time high at $20.82 on April 9 thanks to a record $883 million in 24-hour trading volume.

NFT airdrop lures new investors

Excitement for WAVES reached a new peak today after the protocol released Duck Hunters, a game that combines NFT collectibles with yield farming.

A follow-up tweet announcing the launch of Round 1 of the Duck Hunters game stated that all participants who complete a few social engagements will receive 1 EGG immediately after the round expires.

Momentum for the token had been building for several weeks prior to the release of Duck Hunters, starting with the listing of a USDT-WAVES market on the Bittrex on March 23.

This was followed by the March 24 announcement that Waves Enterprise would be expand to Singapore as part of its strategy to focusing more on the creation of hybrid networks that can interface with public blockchains like Ethereum (ETH).

VORTECS™ data from Cointelegraph Markets Pro also began to detect a bullish outlook for WAVES on April 8, prior to the recent price rise.

The VORTECS™ Score, exclusive to Cointelegraph, is an algorithmic comparison of historic and current market conditions derived from a combination of data points including market sentiment, trading volume, recent price movements and Twitter activity.

VORTECS™ Score (green) vs. WAVES price. Source: Cointelegraph Markets Pro

As seen in the chart above, after staying relatively flat in the yellow range for most of the week, the VORTECS™ Score for Waves climbed into the green and registered a high of 66 on April 8, roughly five hours before the price began to increase 60% over the next day.

The addition of NFT functionality to the Waves ecosystem alongside its growing decentralized finance ecosystem has created a well-rounded protocol that is positioned to see further growth as blockchain technology becomes further integrated into mainstream commerce.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.

AI Agent Tokens Bleed Amid Sector-Wide Crimson Torrent of Losses

Football star Tom Brady to launch his own NFT platform

Autograph will target some of the world's biggest names in sports, entertainment, fashion and pop culture.

Six-time Super Bowl champion Tom Brady is backing a new major development in the nonfungible token industry by launching his own NFT platform.

The new NFT platform, dubbed Autograph, will target some of the biggest figures in sports, entertainment, fashion and pop culture, and provide a tool for unique digital collectibles, a Brady representative told CNN on Tuesday. The platform is expected to launch this spring.

Autograph CEO Dillon Rosenblatt said that the platform will bring together “some of the world’s most iconic names and brands with best in class digital artists” in order to create and launch NFT pieces to a community of fans and collectors. Autograph will also have interactive offerings like live auctions and physical product drops, as well as in-person experiences.

According to CNN, Brady and entrepreneur Richard Rosenblatt will serve as co-chairs of Autograph. According to the company’s website, the board of advisors and chairs also includes Lionsgate CEO Jon Feltheimer, Live Nation CEO Michael Rapino, and DraftKings co-founders Jason Robins and Paul Liberman, as well as Dawn Ostroff, advertising business officer at Spotify. 

NFTs are unique pieces of digital content brought online using blockchain, the underlying technology of cryptocurrencies like Bitcoin (BTC) and Ether (ETH). The new digital assets are seen by many as a way of guaranteeing digital scarcity.

There are a wide number of NFT platforms and marketplaces that allow creators and fans to sell and buy NFTs, including the Winklevoss brothers’ Nifty platform. As NFTs grow more and more popular — with a standalone piece recently selling for nearly $70 million — global crypto firms have been scrambling to make their own NFT platforms and divisions to meet increasing demand.

Some of the latest firms to move into the NFT space include India’s largest crypto exchange, WazirX; French crypto hardware wallet supplier Ledger; and cryptocurrency exchange Crypto.com.

AI Agent Tokens Bleed Amid Sector-Wide Crimson Torrent of Losses

Real-world data comes to NFTs as street artists geotag their work

“Blockchain is not just a buzzword here, it legitimately enables something that used to be impossible.”

A Latvian artist going only by the name of Kiwie has announced their intention to release more than a thousand nonfungible tokens that represent real-world street art.

According to a statement from Kiwie, the NFT pieces will allow art connoisseurs to physically own street art without removing the brick wall, sidewalk or other infrastructure to which it was applied. The NFTs feature 3D renderings of the artist’s “Fat Monster” character spray painted in 1,001 real-world locations with corresponding geotags.

“Using NFTs to represent ownership allows to maintain the beauty of the art intact,” said Kiwie. “Blockchain is not just a buzzword here, it legitimately enables something that used to be impossible.”

Kiwie plans to drop five NFTs for existing street art pieces starting April 13 on the marketplace Rarible. The artist intends to schedule additional drops periodically over the next five years. According to Kiwie’s website, the artist plans to create roughly five to six pieces of street art used for NFTs in 195 countries, starting with Latvia, Lithuania and Estonia.

The artist’s work has drawn both approval and criticism over the years. They have spray painted the Duke of Lancaster’s ship in Wales, and they became well known for their monster paintings around the Latvian capital of Riga. Though some of the artwork has presumably since been removed, the ones associated with the NFTs will operate differently. In a bridge between physical and digital art, should even one of the 1,001 real-world monsters be destroyed or painted over, the NFT will remain, but their associated image will transform into a "ghost monster" — a translucent, halo-clad version of the same artwork.

The offering is part of a growing trend for crypto users to associate more data from the real world with their NFT counterparts. Last month, IoTeX, a privacy-focused platform for the Internet of Things, announced it had been developing a device capable of recording and encrypting data including location, temperature, air quality and motion to NFTs, allowing holders to verify their proof-of-presence. 

AI Agent Tokens Bleed Amid Sector-Wide Crimson Torrent of Losses

India’s largest crypto exchange launches NFT marketplace after 2,000% token surge

India’s WazirX has launched an NFT marketplace for the exchange of digital assets. The launch comes after a strong month for the exchange’s in-house WRX token.

India’s largest cryptocurrency exchange, WazirX, has launched a nonfungible token marketplace for the exchange of digital art, assets, intellectual property and more, reports India’s Economic Times.

The launch comes hot on the heels of a month when WazirX’s in-house exchange token, WRX, gained almost 2,000% in value, as its price jumped from $0.27 to $5.66. The exchange itself was subject to the same trajectory during the past six months, as visitors to its website increased by 631%, according to information publicly available browser tools.

WazirX founder Nischal Shetty celebrated the launch, which he claimed was the first of its kind in India, saying: “We are delighted to launch one of India’s first NFT marketplace. Since our inception, we have been at the forefront of innovation and empowered our customers with value-added offerings.”

Creating and listing NFTs will reportedly be free on the platform, and work is apparently underway to negate the bedrock gas fees that accrue when minting NFTs on various blockchains.

“As of now, we are working around certain nitty-gritty to make NFTs more lucrative for our customers,” said Shetty.

NFTs emerged in 2017 as non-serious collectible tokens in the form of the then-popular CryptoKitties. Their utility and fanfare remained somewhat muted in the following years until they exploded in popularity again in December 2020, when prominent artists, sports stars and celebrities began maximizing their potential as marketing tools. In just a few short months, major corporate brands like Gucci have begun exploring the use of NFTs in their fashion wear industry, and over half a billion dollars worth of NFTs have changed hands already.

The launch of the NFT platform by WazirX comes despite strong indications from Indian government officials that there could be a blanket ban issued on cryptocurrency possibly as early as this year.

AI Agent Tokens Bleed Amid Sector-Wide Crimson Torrent of Losses

NFTs ‘ten times better’ than traditional art, says Beeple’s $69M NFT buyer

Winner of landmark auction breaks down his investment thesis on NFTs.

Nonfungible tokens are “ten times better than their physical counterparts”, according to digital art collector MetaKovan.

The pseudonymous art patron, who was recently revealed to be blockchain entrepreneur Vingaresh Sundaresan, bought the NFT of Beeple’s “EVERYDAYS: THE FIRST 5000 DAYS” for $69 million dollars earlier this year.

Explaining the motives behind his purchase in an exclusive interview with Cointelegraph, MetaKovan pointed out that NFTs have a number of advantages over traditional artworks: they are easy to transfer, they don’t have any storage costs, and their ownership can be shared. Also, they can democratize the art world by making it more easily accessible to digital artists all over the world, regardless of their nationality and social background.

MetaKovan even said that NFTs will bring crypto into the mainstream. 

"A lot of people are going to get introduced to crypto by NFTs", he explained. 

The art patron dismissed concerns about the potential risks of a speculative bubble growing in the NFT market. He thinks the frenzy around NFTs serves the purpose of accelerating adoption.

“If there is speculation, that’s ok, because we are making everything fast”, he said.

According to MetaKovan,  the NFT market will eventually influence the price of large cryptocurrencies such as Bitcoin and Ethereum.

That could happen “in a year or so, when a lot more people will be using NFTs”, MetaKovan said.

Check out the full interview on our Youtube channel and don’t forget to subscribe!

AI Agent Tokens Bleed Amid Sector-Wide Crimson Torrent of Losses

Former Apple Music exec joins crypto firm Ledger as head of NFT division

In his new position as Ledger’s vice president of NFTs, Brooks will be responsible for bridging the platform with the artistic community.

Apple Music veteran Parker Todd Brooks is leaving the company to join Ledger, one of the biggest providers of cryptocurrency hardware wallets.

According to a Friday announcement, Brooks will now head Ledger’s nonfungible token division as the company expands its support for the storage, display, management and security of NFT pieces.

Brooks is joining Ledger after spending the last seven years with Apple Music, helping launch Apple Music and music radio station Beats 1 after Beats Music was acquired by Apple in 2014. Prior to his role at Beats Music as director of artist integrations, he worked at Topspin Media, leading its integration into Beats Music and Spotify.

In his new position as Ledger’s vice president of NFTs, Brooks will be responsible for bridging the platform with the artistic community and developing NFT management products. He will also make sure that NFTs are “given priority across Ledger’s software and hardware platforms,” Ledger wrote in the announcement.

“I’ve spent my career serving the artist community. With NFTs there is an opportunity to reimagine how art and music are created, sampled, and managed while simultaneously addressing the security issues in storing NFTs on internet-connected devices,” Brooks said. The Apple Music veteran noted that his mission will be “simplifying the process to help artists showcase and manage their digital works, and to securely store them.”

Ian Rogers, chief experience officer of Ledger, told Cointelegraph that securing NFTs is “nothing new for Ledger,” as the company provides a secure way to access accounts on more than 100 different blockchains. “Most NFTs are currently available on Ethereum. To store these NFTs, you need a blockchain account the same way you would store cryptocurrencies. NFTs are just a new type of digital assets,” he said.

A major supplier of hardware wallets designed for secure storage of cryptocurrencies like Bitcoin (BTC), Ledger has been apparently trying to keep up with the ongoing NFT boom. “With the increased interest in NFTs, we have an increasing demand from our customers for supporting NFTs as a first-class citizen within Ledger Live, which Parker and his team will help us to deliver on,” Rogers noted.

AI Agent Tokens Bleed Amid Sector-Wide Crimson Torrent of Losses

NFT investment vehicle set to go public in London

The newly formed investment firm expects to reach a valuation of just under $35 million.

A non-fungible token investment firm is gearing up to raise 10 million pounds ($13.7 million) by listing on the Aquis Stock Exchange Global Market, reports Reuters. 

Dubbed NFT Investments, the firm was launched by the co-founders of crypto mining company Argo Blockchain.

Described as an investment vehicle for unique digital artworks, NFT Investments expects the float to result in a company valuation of 25 million pounds ($34.4 million).

The NFT market exploded at the turn of the year, with some digital artworks selling for as much as $70 million dollars in recent weeks. The industry as a whole has now witnessed over half a billion in total volume in a little over three months.

Non-fungible tokens differ from typical cryptocurrency tokens like Bitcoin (BTC) in that they are designed to be unique, and not interchangeable with other tokens of their ilk. This makes them useless as transactional currencies, but valuable as signifiers of sole ownership. To date, works from any number of popular and artistic mediums have been transferred onto the blockchain as NFTs, including but not limited to drawings, paintings, computer-generated art, music and GIFs.

However, not everybody believes the offshoot industry is here to stay in its current form. Noises coming from the mainstream media continue to warn of an impending bubble-burst, while popular figures from within the cryptocurrency space have expressed concern that NFT technology could become just another plaything of rich celebrities.

AI Agent Tokens Bleed Amid Sector-Wide Crimson Torrent of Losses

Focus on NFTs and interoperability pushes Icon (ICX), Ark and Axie Infinity higher

Projects focused on NFTs and cross-chain transactions continue to undergo explosive rallies as investors sharpen their focus on the sector.

High levels of excitement continue to surround all things nonfungible token (NFT)-related as nonfungible art, collectibles and new business models built on the nascent sector attract a diverse array of investors. 

In addition to the development of lucrative secondary markets for NFT listings and sales, crypto projects that are focused on NFTs, decentralized finance (DeFi) and cross-chain interoperability have also seen their native tokens rally significantly.

Three projects that fit in this category are Axie Infinity, Icon and Ark.

AXS/USDT

Axie Infinity is a blockchain-based trading and battling game inspired by games like Pokémon and Tamagotchi that allows players to collect, breed, raise, battle and trade token-based creatures known as Axies.

According to data provided by the project, the month of March was one of the fastest periods of growth for the Axie community, with more than 250,000 active users engaging with the protocol.

AXS/USDT 4-hour chart. Source: TradingView

Data from Cointelegraph Markets and TradingView shows that the price of its native Axie Infinity Shard (AXS) token has surged 515% over the past month, going from a low of $1.27 on Feb. 28 to a new all-time high of $7.33 on March 30 as excitement for the release of Battle V2 lures new players and investors to the protocol.

According to data from Cointelegraph Markets Pro, market conditions for AXS have been favorable for some time.

The VORTECS™ Score, exclusive to Cointelegraph, is an algorithmic comparison of historic and current market conditions derived from a combination of data points including market sentiment, trading volume, recent price movements and Twitter activity.

VORTECS™ Score (green) vs. AXS price. Source: Cointelegraph Markets Pro

As seen in the chart above, the VORTECS™ Score for AXS has been in the green for some time, and it began to pick up on March 24 when it registered a high of 80 before dropping into the light green zone. As AXS' price began to increase on March 25, the VORTECS™ Score began to rise as well and reached a high of 87 on March 28, roughly 20 hours before the price increased 70% over the next two days.

ICX/USDT

Icon is a decentralized blockchain network that has taken a focus on cross-chain interoperability through the creation of its Blockchain Transmission Protocol (BTP).

The project released the most recent update for the BTP on March 24, which kicked off the latest price rally for its Icon Exchange Token (ICX), as investors anticipate further activity once interoperability with the Bitcoin and Ethereum networks becomes a reality.

ICX/USDT 4-hour chart. Source: TradingView

Following the initial spike after the release of the update on March 24, the price of ICX dropped back to a low of $1.69 on March 26 before rallying 70% to a high of $2.88 on March 30 as the possibility of interoperability helped increase token adoption.

VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for ICX on March 24, prior to the recent price rise.

VORTECS™ Score (green) vs. ICX price. Source: Cointelegraph Markets Pro

As seen on the chart above, the VORTECS™ Score for ICX began increasing on March 24 and registered a high of 69 on March 25, roughly five hours before the price began to increase 70% over the next five days.

ARK/USDT

Ark (ARK) is a cryptocurrency and blockchain development platform designed to offer solutions that allow anyone to create their own fully customizable, interoperable blockchain.

Excitement for the project has been building recently thanks to the pending beta launch of MarketSquare, a “social platform that allows users to discover and connect with Blockchain-powered projects, businesses, applications, node operators, and more.”

A scroll through the MarketSquare and Ark Twitter feeds shows a host of significant partnerships for the upcoming marketplace, including integrations with Axie Infinity, NOWPayments and Uphold.

The price of ARK has rallied 200% since hitting a low of $1.15 on Feb. 28, reaching a high of $3.50 on March 30, which is its highest level in nearly three years.

ARK/USDT 4-hour chart. Source: TradingView

VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for ARK on March 24, prior to the recent price rise.

VORTECS™ Score (green) vs. ARK price. Source: Cointelegraph Markets Pro

As seen in the chart above, the VORTECS™ Score for ARK first turned green on March 24 and reached a high of 75 before pulling back into the yellow. The score oscillated between the yellow and green range over the next two days before reaching a high of 70 on March 26, roughly 24 hours before the price increased 100% over the next three days.

Recent developments including the ability of United States residents to pay with Bitcoin (BTC) at merchants using PayPal and the launch of micro BTC futures by the Chicago Mercantile Exchange signal that mainstream crypto adoption is just getting started. 

Projects that are focused on interoperability and NFTs are well positioned to capitalize on the future growth of the cryptocurrency ecosystem. 

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, and you should conduct your own research when making a decision.

AI Agent Tokens Bleed Amid Sector-Wide Crimson Torrent of Losses