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The zkSync Era network, a layer 2 scaling solution for Ethereum, suffered a major outage today, stopping producing blocks for over an hour. At the time of writing this article, the network has still not started block production. According to some information, the network outage was triggered by a similar event with an increase in inscription transactions used to place arbitrary data on the Bitcoin blockchain. According to some information, the network outage was triggered by an increase in inscription transactions used to place arbitrary data on the Bitcoin blockchain. Inscriptions are a type of non-fungible tokens (NFTs) that have…

Sales of non-fungible tokens (NFTs) have surged by 52.81% over the past week, reaching a total of $503.35 million. Bitcoin has emerged as the frontrunner in this week’s NFT market, generating $276.79 million in sales, surpassing Ethereum’s $99.67 million, which previously held the top spot. Bitcoin Once Again Outperforms Ethereum in Thriving NFT Market The total NFT sales this week, amounting to $503.35 million, saw Bitcoin accounting for more than half of this figure, with its $276.79 million representing 54.98% of the week’s total. This period also marked a significant rise in market activity, with a 199.44% increase in buyers…

Gam3s.gg, another site based around covering web3 gaming, has announced the winners for their 2023 Gam3 Awards. With dozens of games up for awards across nineteen categories, the competition was fierce this year! As the year grows closer to a close, the time comes for yearly awards. One of the first to announce their winners this year, the Gam3 awards offered users 19 gaming categories each with a number of gaming projects to choose from. Voting on these awards wrapped up, the counts were tallied, and winners have now been announced! Award Winners Parallel was the big winner for 2023.…

After more than a year of the attack, BNB Chain Core has officially proposed a comprehensive plan to seize the collateral of the BNB Bridge exploiter and utilize the funds to repay outstanding debts without resorting to market liquidation of BNB. The proposal outlined a detailed execution strategy to mitigate potential losses for the Venus protocol. The report noted that as of December 11, 2023, the exploiter’s balance comprises 630,240 BNB in supply. Alongside, it holds borrowings of 58,440,000 USDT and 37,440,000 USDC. Per the information in the proposal, the outstanding debt must first be settled to unlock the BNB…

Real Research, a blockchain-powered research platform, has taken to social media to seek public opinion on the high-profile $1 billion lawsuit against the football legend Cristiano Ronaldo over his alliance with Binance. The research firm announced the development through a post on its official account. It urged crypto market participants and the broader internet communities to share their views on the class-action lawsuit seeking $1 billion in damages. Per the notification, it is a one-week call for public input scheduled to end on December 21. ⭐️ Public Opinion on Ronaldo Facing Lawsuit Over Binance Ads???? Share your opinion with us…

Polygon Labs will cease accepting contributions to its Edge framework (also called Supernets), redirecting its focus towards the expansion of the Chain Development Kit (CDK). Polygon Edge, initially developed as an open-source tool under the Apache License 2.0, facilitated the creation of custom blockchain networks compatible with Ethereum. However, over the past year, there has been a shift in the development priorities of the team, according to a statement. Instead of continuing with Polygon Edge, the focus will now be on the Polygon CDK, a toolkit designed for the development of various Layer 2 ZK-Rollups — networks designed using zero-knowledge…

China Mobile Hong Kong, a leading mobile communication brand in Hong Kong, is launching its own NFT marketplace, LinkNFT. It will be Hong Kong’s first telecom-operated NFT marketplace. This launch coincides with the breakthrough of their comprehensive smart living mobile application, MyLink, which has acquired over seven million users. LinkNFT will offer NFT minting services for businesses, facilitating digital asset creation, trade, and circulation through various scenarios such as SocialFi, DeFi, and GameFi. It will use a trio of cross-chain standards – web3 Center cross-chain service protocol, cross-chain adapter, and cross-chain smart contract – for seamless web3 interoperability. Hong Kong…

Disclosure: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. By using this website, you agree to our terms and conditions. We may utilise affiliate links within our content, and receive commission. inDAO, a specialized organization focused on incorporating blockchain technology into daily life, and Verida, a provider of self-sovereign digital identity solutions, have formed a partnership with the goal of promoting the widespread adoption of Web3 in Uzbekistan. The partnership will include the implementation of pilot projects and engagement with government stakeholders. The objective is to establish both technological…

The NFT project 0n1Force is making waves, uniting the Web3 community, and celebrating weighty project founders for its exceptional event aptly named “Web3 Strikes Back”.Gearing up on December 16, 2023, from 3 to 6 pm (EST), the event will host an array of games and activities. Participants can anticipate playing alongside NFL Super Bowl champion JuJu Smith-Schuster in the ecosystem’s “Fortnite Web3 Founder’s Cup”, earning 500 0n1 points when exploring the Fortnite map, entering a raffle of extra prizes, and receiving a “proof of attendance protocol.” The event’s title sponsor and Emmy-award-winning game, Shrapnel, will also be airdropping 10,000 Lightpack NFTs to 10,000 lucky…

On Dec. 15, 2023, a significant milestone was achieved in the Bitcoin blockchain world, just a day shy of the anniversary of the first Ordinal inscription. The total count of Ordinal inscriptions has impressively hit the 48 million mark. Despite initial skepticism about their longevity, these inscriptions have not only persisted but now make up half of all BTC transactions confirmed daily. Bitcoin Marks 1st Anniversary of Ordinals: 48M Milestone Achieved 2023 has seen Ordinal inscriptions gain immense traction, significantly impacting Bitcoin’s ecosystem and vying with other blockchains in the non-fungible token (NFT) space. This journey began almost a year…