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When four former Facebook engineers started Mysten Labs two years ago, one of their motivations was completing the work they had began while they were still at the social media giant started by Mark Zuckerberg. Part of that body of work included finding a way to make sending money, or crypto, over the internet as simple and basic as the most basic of online communication. “While we were at Facebook, our goal was to make sending money as easy as [sending] email,” Mysten Labs co-founder Adeniyi Abiodun told The Block in an interview. That dream, which according to Abiodun was…

The network of Ethereum layer-2 rollups using zkSync’s ZK Stack got a new addition Thursday, with the launch of the Cronos zkEVM testnet. Blockchain developer Cronos Labs is developing its third blockchain, which is the first to use ZK Stack hyperchain to reach a live testnet. The first chain in the Cronos ecosystem was a Cosmos appchain developed in partnership with the Crypto.com exchange and launched in 2021. Cronos then followed up with an EVM-compatible chain, also built using the Cosmos SDK in 2022. This new effort augments, but does not replace, the prior two chains. Cronos’ zkEVM is the…

Today, LayerZero, the protocol linking various blockchains, announced a major upgrade. The LayerZero V2 upgrade marks a substantial leap toward realizing a censorship-resistant, permissionless, and immutable blockchain communication protocol tailored for the dynamic Web3 landscape.—Elevating Interoperability StandardsLayerZero positions itself as a permissionless, censorship-resistant, and immutable omnichain interoperability protocol. Drawing parallels to the standard-setting role of TCP/IP in internet development, LayerZero aims to establish a unified approach to application development across diverse blockchain networks.Since its establishment in 2021, LayerZero has facilitated the seamless transfer of over 85 million messages across more than 45 blockchains, cementing its position as a market leader…

The importance of user security and privacy has reached its peak in the current digital era. Blockchain, a well-known technology recognized for its exceptional security features, offers a promising solution to tackle these concerns. With its ability to distribute data storage and employ advanced cryptographic principles, blockchain has the power to completely transform the landscape of user security in online platforms. It is in this article that we get to explore the impact of blockchain on user security, highlighting four of its impactful benefits to various industries. 1. Immutable and Transparent Record-Keeping Blockchain is built on the principle of immutability,…

OKX is a leading Web3 technology company. It has achieved a major milestone in non-fungible tokens (NFTs), confirming its commitment to innovation and blockchain leadership. Dapp Radar’s top platform is the company’s NFT Marketplace, surpassing Blur and OpenSea. OKX is becoming traders’ and fans’ ideal platform in the competitive NFT industry. According to Dappradar, the 24-hour trading volume of OKX NFT Marketplace has surpassed Opensea and Blur, reaching 25.32 million US dollars, rising to the top of the industry.https://t.co/1ub6pSZcPs pic.twitter.com/ANfppycqgg — OKX Ventures (@OKX_Ventures) December 14, 2023 OKX Ordinals Market Leads BTC Rankings On December 13, Dapp Radar, which ranks…

Cardano is constantly beating the “ghost chain” claims, recently outperforming all other networks, including Bitcoin and Ethereum, to top the list of blockchains in chain activity. Data from crypto-focused research and analytical resource Messari confirms this feat. According to Messari, Cardano currently leads in terms of chain activity over the past 24 hours. Notably, the metric employed by the platform to gauge a network’s chain activity is its on-chain transaction volume. This metric shows that Cardano beats every other mainstream blockchain network by an impressive margin. Interestingly, Cardano’s 24-hour on-chain transaction volume currently stands at $23.56 billion. Notably, this represents…

Ava Labs’ Core app has announced going seedless to boost Web3 adoption without compromising self-custody and security. The team behind Avalanche blockchain said that it has enabled users to generate and manage keys through simple Web2 methods like Gmail and Apple logins, making it more accessible. The key feature is Core’s Seed Abstraction, which is universal and not restricted to specific blockchains or VMs. As such, users will be able to use Core-generated seed across various blockchains, from Bitcoin to EVMs, eliminating complexities of multiple contracts or cross-chain issues. Ava Labs Introduces Core’s Seed Abstraction According to the official announcement…

Gaming giants Sony and Microsoft have been actively incorporating Blockchain technology into their operations. Their moves marked a crucial development with the potential to reshape the gaming industry and, with that, the mainstream adoption of Blockchain. Many are questioning whether their undertaking will succeed when so many have failed before. According to CoinGecko, over 75% of all Blockchain games launched in the last five years have been discontinued. Only 690 out of 2,817 games launched between 2018 and 2023 have a somewhat active player base. Now, Sony and Microsoft’s recent moves are expected to be the key to making Blockchain…

The Iota Foundation recently announced a strategic partnership with Fireblocks. The collaboration aims to optimize the real-world asset (RWA) tokenization process, given the growing institutional interest in this area. Tokenization means moving various assets such as real estate, commodities, and financial instruments onto the blockchain, thereby affecting their liquidity. Iota is actively developing solutions and infrastructure to meet the growing demand for tokenization of real assets. The RWA market has grown significantly, with a valuation of $342 billion in September, according to VanEck Research. Iota’s solution, called Shimmer Ethereum Virtual Machine (EVM), will be combined with the Fireblocks infrastructure. ShimmerEVM,…

Ubisoft is set to launch its first blockchain game, Champions Tactics: Grimoria Chronicles. The game is a dark fantasy-themed player-versus-player tactical RPG, taking inspiration from collectible tabletop game figurines.Grimoria, the setting of Champions Tactics, is a dark fantasy world comprising seven factions ruled by warlords. These factions include an assortment of beings, such as zombies, demons, and medieval knights, adding variety and depth to the game environment.Ethereum NFT Mint The Ethereum NFT mint date for Champions Tactics: Grimoria Chronicles is scheduled for December 18. Ubisoft is planning a private mint for those on the “darklist,” starting at 6 AM ET. A…