Author: Jeremy Ryan

DFZ Labs — the masterminds behind the esteemed NFT project Deadfellaz — has unwrapped game-changing strategic changes to improve the affordability and availability of its ‘Bits’ NFT game. Facing lukewarm interest during its February 13 debut of 10,000 Bitcoin Ordinal inscriptions on Magic Eden, the team has significantly lowered the prices and quantities of these gamified NFTs, acting as trading cards. The main aim of Bits’ project adjustments is to enhance interest and accessibility, ensuring a more appealing and attainable offering for the market. Source: Magic EdenKey Modifications Aimed to Increase InterestDedicated to cultivating a thriving environment that resonates with gamers, artists, and…

Ultiverse, an AI-powered gaming platform, has recently made headlines for successfully completing a $4 million private token sale. The round was led by IDG Capital and attracted investments from prominent Web3 entities such as Animoca Brands, Polygon Ventures, MorningStar Ventures, ZetaChain, Manta Network, and DWF Ventures. This latest investment round brings Ultiverse’s total funding to $13.5 million and establishes the company’s valuation at $150 million.Enhancing User Experience with AIAccording to Ultiverse CEO Frank Ma, the newly acquired funds will be used to expedite the development of their AI-driven Web3 game creation platform. The ultimate goal is to enhance intuitive design…

Lamborghini, known for its luxurious and expensive sports cars, is now making waves in the digital world with its latest announcement. In collaboration with VeVe, a well-known digital marketplace for premium licensed digital collectibles, Lamborghini will be launching a new NFT car collection on February 18.NFTs and Lamborghini’s Commitment to InnovationNFTs have been gaining popularity in recent years as a unique way to own and trade digital assets. With this new partnership, Lamborghini is taking their brand to the next level by offering a premium NFT collection that will surely excite both car enthusiasts and NFT collectors alike.This isn’t the…

Tap Protocol, designed to support DeFi applications on Bitcoin Ordinals, has become the most active protocol on Bitcoin’s Ordinals network over the past 24 hours. Genii Data indicates Tap Protocol handled nearly double the transactions of BRC-20 or OrdDefi. While Genii tracks BRC20 activity separately from other protocols, the total activity of all tokens over the past 24 hours comes to 297, while Tap saw 645 transactions. Further, in terms of market cap, Tap Protocol’s native token, TRAC, is now just behind other Ordinals-related tokens with listings on major exchanges. A surge in user adoption is a sign of early…

Cross-chain messaging protocols have become increasingly popular over the past year. Wormhole recently surpassed 1 billion cross-chain messages since its launch in 2021 and has seen a total volume of over $39 billion being transferred through its token bridge. Similarly, interchain transactions on and active addresses on Axelar have increased by 478% and 430% over the past year, respectively. The primary method for transferring information and assets across different blockchain networks today is through blockchain bridges. However, bridges are infamously challenging to decentralize. Blockchain bridges often use the lock and mint or burn and mint approach to transfer value across…

Citi Bank used layer 1 Avalanche’s (AVAX) Spruce Subnet to explore the tokenization of private equity funds to re-architect capital markets. Citi worked with traditional finance giants WisdomTree and Wellington Management to carry out its proof-of-concept trial that was issued on Avalanche’s Spruce, according to a press release. Spruce is an Evergreen subnet designed for large financial institutions looking to use public blockchain infrastructure. Citi joining the subnet is the latest bet from a Wall Street giant looking to dive further into the use cases of blockchain adoption. TradFi firms such as T. Rowe Price, WisdomTree, Wellington Management and Cumberland…

Tangem is a very unique hardware wallet: at first glance, it can be easily mistaken for a typical credit card. However, don’t be fooled by its sleek design: Tangem is an incredibly powerful and secure crypto wallet complete with a whole wealth of features.  Today, I will take a look at the Tangem Wallet as well as its pros and cons to see if it’s worth buying. Tangem Wallet: An Overview As I have mentioned above, Tangem Wallet is designed to resemble a credit card: an interesting choice that has both its advantages and disadvantages, which I will discuss later.…

What is the Empire State Building Ambassador Program?The Empire State Building Observatory recently completed a $165 million renovation, creating an interactive museum, a dedicated guest entrance, and a redesigned 102nd Floor Observation Deck which offers floor-to-ceiling views of NYC, spanning 80 miles on a clear day.The Ambassador Program, which is free to join, sees Uptop and Magic distribute exclusive NFTs to repeat visitors, which double-up as digital keepsakes and tickets to personalised benefits.Dylan Hattem, Partnerships Lead at Magic, noted; “As New Yorkers, the chance to commemorate the Empire State Building experience with NFTs which provide a blend of tradition and…

Parity Technologies, Ethereum Foundation, and a16z are among the list of 50+ prominent collaborators spearheading the launch of The Security Alliance (SEAL) to improve Web3 security.— The Security Alliance (SEAL) made a significant announcement, marking its public launch with over 50 groups and individuals from the Web3 and cybersecurity communities joining forces to enhance security across the crypto ecosystem. Alongside this launch, SEAL introduced a Request for Comment (RFC) on its Whitehat Safe Harbor Agreement, aimed at providing protection to whitehat hackers capable of defending protocols and user funds during active exploits.The backdrop to this initiative is the alarming increase…

The Hedera Council, the organization behind Hedera Hashgraph, has partnered with American food and beverage company Mondelēz International (Nasdaq: MDLZ) to work on distributed ledger technology (DLT). As a new member of the Hedera Council, Mondelēz is working to develop distributed ledger technology (DLT) based solutions on Hedera, focusing on digital transformation initiatives and supply chain management, according to a press release. Hedera Hashgraph is a public distributed ledger that uses hashgraph consensus. Hedera describes itself as a uniquely structured blockchain compared to other chains due to its usage of hashgraph consensus. It is the only public DLT that uses…