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Blockchain research and development firm, Flare Labs, has reached a pivotal moment in the integration of non-smart contract tokens into the decentralized finance (DeFi) landscape. With the successful launch of the FAssets test version on Flare’s Coston testnet, the project aims to unlock the potential of older tokens like bitcoin (BTC), ripple’s XRP, and dogecoin (DOGE) for smart contract functionalities on the Flare network. Flare Labs’ FAssets testing on Coston Testnet Flare Labs has marked a significant milestone by introducing a test version of FAssets on the Coston testnet. This development caters to the challenge posed by more than 70%…

The “world’s fastest” marketplace for Bitcoin and Ordinals digital assets has recently been launched. Interestingly, selling valuable collectibles on the Internet Computer (ICP) blockchain rather than the Bitcoin network.Bioniq is highly distinctive in its approach. Supported by Polygon Capital to handle Bitcoin and Ordinals assets, the platform utilizes ICP as a Layer 2 solution to leverage cost and speed efficiencies, making it the speediest Ordinals marketplace to exist. It even offers a built-in wallet with fast Google login via Web3Auth for easy access.Another attractive offering of the platform includes its token wrapping process on the ICP. Users can move their…

The rampant speculation that caused NFT trading to soar and marquee sports collection NBA Top Shot to rack up more than $200 million in monthly trading during crypto’s last bull run may never return, but digital collectibles startup Candy Digital hasn’t lost faith that sports fans’ love of their favorite teams and players can drive adoption and consumption in the web3 arena. “This year we will onboard 100,000 new customers to the [Candy Digital] platform through our digital ticketing product,” the company’s CEO Scott Lawin told The Block. “That’s the most effective way to introduce someone to the space because…

The Ordinals protocol was introduced to Bitcoin in early 2023 at a most opportune time. Bitcoin had nearly two years of low transaction fees from the lack of demand to actually send Bitcoin transactions. Bitcoin is considered to be the most secure blockchain in the world, but that security depends on miners who receive their revenue from transaction fees and block rewards. As part of the predetermined supply schedule, the block rewards are expected to be halved around April 2024 which would further drastically cut the miner revenue. To support the miners, Bitcoin needed something new to spur growth, and…

This addition will provide seamless access for 12 million users to the TON network opportunities, allowing them to manage assets and make on-chain transactions. Bitget Wallet adds TON blockchain support Bitget Wallet, the leading Web3 wallet, announced the integration of the TON blockchain to enhance Web3 users’ experience. Created by the Telegram team, TON boasts high scalability, reaching for millions of transactions per second (TPS) to serve multi-million user bases. The Open Network is a revolutionary technology to unite all blockchains and the internet into one open network. This outstanding performance positions TON as a pivotal force in the Web3…

Pudgy Penguins minted in July 2021, but quickly saw high drama after its former founder came under suspicion he was going to rug the project. A few months later Luca Schnetzler stepped in. With an entrepreneurial streak since his early teens he had a history of building internet businesses and bought the project and its intellectual property of 8,888 cute little Pudgys for $2.5 million in April 2022. It was an instinct and intuitive decision. I saw this thing that I was hugely invested in before I bought it that I thought had all of the potential. I was complaining…

The RARI Foundation, the nonprofit arm of the Rarible ecosystem, officially released a testnet for an EVM-equivalent blockchain called “RARI Chain,” with royalties embedded into its nodes. In an announcement sent to Cointelegraph, the RARI foundation said the RARI Chain will be a nonfungible token (NFT) infrastructure solution built on Arbitrum. With royalties embedded on the node level, the RARI foundation said that creators will have the tools they need to be successful in their endeavors. The move follows a recent uptick in Rarible’s trading volume after demonstrating its NFT marketplace’s commitment to royalties. On Aug. 23, the 24-hour trading…

In a major development for Akash Network, SubQuery extends its support. It brings advanced data indexing functions to the ecosystem. This alliance simplifies and improves on-chain data processing and retrieval for developers. Accelerating the adoption of blockchain by the next billion customers will improve blockchain accessibility and the user experience. Sam Zou, SubQuery CEO, Celebrates Seamless Integration with Akash Network Open-source Supercloud Akash Network protects and optimizes computing resource exchange. Akash is a decentralized platform for app development and public consumption. The new SubQuery data indexing technology will let Akash developers manage and query on-chain data for protocols and apps,…

While non-fungible token (NFT) marketplaces have been quiet compared to the heady days of 2021, they are by no means dead. Rather, NFT collectors have shifted focus to holding their assets for longer as the concept of community takes hold. An October report by NFT18 reveals that the period between an NFT purchase and resale has almost quadrupled since 2021 to just under 100 days. Somewhat counter-intuitively, though, the active wallets on OpenSea are still quite healthy at 192,500. Art Segment is Becoming More Popular Blur, an OpenSea competitor, offers incentives that may have artificially boosted half its $213 million…

Ordinals, this year’s incarnation of NFTs on Bitcoin, have enjoyed a slight resurgence in recent weeks. A bubbly launch peaked on May 7 of this year and quickly subsided, but now Bitcoin’s rally in November has renewed interest in Ordinals. Sniffing an opportunity for profit and prepared with months of practice since May, quant traders lurked. Their opportunity arrived this week at Magic Eden on Bitcoin, an NFT marketplace. They sniped millions. The most highly anticipated Ordinals project of the season, Ordibots, had announced its minting ceremony on the most prestigious Ordinals exchange, Magic Eden. A timeline for its launch…