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China’s push aids web3 goals yet centers power with state; concerns persist around digital yuan despite tech giant and developer momentum. China’s Ministry of Science and Technology Yin Hejun has announced through a written response to the National Committee of the Chinese People’s Political Consultative Conference (CPPCC) proposal that the Chinese government attaches great importance to developing the Web3 industry. He stated: “The proposals on strengthening resource support for Web3 technology research and development, strengthening technology supervision and management, encouraging international cooperation, and strengthening publicity and promotion are forward-looking and strategic and highly compatible with the key work of the…

We saw a lot of growth in what I like to call the open web in 2023, despite the slow market for much the year. Zero-knowledge (ZK) tech made major strides, the layer 2 and rollup-driven stack took hold and new primitives launched capturing plenty of attention. This post is part of CoinDesk’s “Crypto 2024” predictions package. Illia Polosukhin is the CEO of the NEAR Foundation. These trends all laid the groundwork for what will be the major evolution for Web3 in 2024: chain abstraction. The crypto industry is moving into an era of chain abstraction, where blockchains and other…

Immutable, a leader in the blockchain gaming industry, has officially launched its Immutable Passport. This universal profile system aims to simplify the signup process for Web3 gamers and enable players to carry identity, achievements, and digital assets across multiple online games and marketplaces.Simplifying Signups and OnboardingCurrently a complex and potentially off-putting process for gamers interested in trying Web3 games, Immutable Passport offers a simple and secure solution for game studios and marketplaces. Already integrated into five web3 games and marketplaces, including Gods Unchained, Blocklete Golf, Bleacher Report Watch2Earn, TokenTrove, and AtomicHub, Immutable Passport brings its benefits to a current user…

Los Angeles, CA — Really, the augmented reality (AR) platform specializing in delivering weekly AR experiences for theatrical release movies, has announced a strategic integration with Avalanche, a prominent blockchain platform. This collaboration marks a significant step in enhancing fan engagement experiences in the entertainment industry, utilizing Avalanche’s fast, scalable blockchain network.—The partnership aims to leverage Avalanche’s capabilities to expand Really’s innovative AR experiences and introduce new fan engagement programs for studios, brands, and theater partners on a global scale.A notable initiative resulting from this integration is the launch of “Fandime,” an Avalanche-backed rewards and collectibles system. Fandime provides fans…

The rapidly evolving landscape of blockchain technology is witnessing a paradigm shift with the emergence of intent-driven solutions, such as Anoma and Suave. These initiatives aim to revolutionize the decentralized finance (DeFi) space by prioritizing user-centric intents. While the potential is immense, questions loom regarding practicality and seamless integration into existing ecosystems. In this article, we unravel the significance of intents, dissect the frameworks of Anoma and Suave, and discover Router Protocol’s cross-chain intent framework (CCIF) as a solution that bridges the gap between user desires and on-chain actions within familiar blockchain ecosystems. Understanding Intent in Blockchain In the broader…

Unveiling Champions Tactics and Warlord NFTs FervorWarlords are exclusive pixel-style champions equipped with weapons. Ubisoft has introduced an innovative feature that allows holders of a Warlord NFT in their crypto wallet to access the game’s future mints for playable in-game characters. Holders of these assets will have the privilege of minting five Champions Tactics characters at an undisclosed future date.In contrast to Warlords NFTs, the Champions Tactics game will be deployed on the Ethereum-compatible Oasys chain. It’s projected that 9,999 Warlords NFTs will be generated, with 1,000 to be gifted to the Oasys community and 999 set aside for Ubisoft’s…

On 20 December 2023, the Cardano Foundation announced a significant initiative in blockchain education, partnering with Petrobras, Brazil’s state-owned energy giant. This collaboration marks the first time the Cardano Foundation’s blockchain education program will be utilized by Petrobras, aiming to enhance the understanding and adoption of blockchain technologies. Petrobras, officially known as Petróleo Brasileiro S.A., is a Brazilian multinational corporation in the petroleum industry. It is a state-controlled company headquartered in Rio de Janeiro, Brazil. Petrobras is one of the largest oil and gas producers in the world and plays a significant role in Brazil’s energy sector. The company is…

Overworld, an in development MMORPG, held their Incarna NFT mint earlier this week, and saw it sell out in under a minute! But as you might imagine with such a quick sell-out, there were some disgruntled customers! For an in-development game that is all hype and little content, Overworld somehow managed to create enough buzz around their game to have their Incarna NFT mint sell out in a minute! But all was not so cheery for everyone. With an overbooked whitelist, bots snagging the public mint, and partner projects immediately flipping large numbers of the NFTS, many users found reasons…

Epic Games Store, a major player in the gaming marketplace, has recently made a noteworthy policy change concerning blockchain games. This revision follows the recent removal of certain blockchain games from the store.Policy Change and Exemption for Blockchain GamesSince its inception in December 2018, and known for the Unreal Engine and Fortnite, the Epic Games Store provides a digital distribution service for PC and macOS. It features top games, software, and other digital content.The Epic Games Store has strict restrictions on games rated “Adults Only” (AO) by the Entertainment Software Rating Board (ESRB). However, the store has now made an…

For years, Ethereum developers have been hard at work on one of the network’s gravest security risks: thousands of validators operate the second most valuable blockchain, but just a few of them have almost all of the power. Every 12 seconds, a new block of transactions is added to Ethereum. Those blocks are added by validators, which could be companies, individuals or collectives that lock up, or “stake,” at least 32 ETH (currently aboout $70,000 worth) in exchange for a steady yield. Lido, the collective that is the biggest validator on Ethereum, controls 32% of all staked ETH. If this…