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Animoca Brands subsidiary Grease Monkey Games, in collaboration with Formula DRIFT has announced a Nissan car NFT sale to take place in the Torque Motorsport Store on November 24, 2023. Featuring two celebrated models from Nissan – the Nissan 180sx and the Fairlady Z Z34 – the sale is geared towards enhancing the in-game racing experience.Choose Your EditionThe sale will feature two editions of these cars. The first type is the Non-NFT Standard Edition cars, which will be up for grabs through in-app purchases. These are ideal for gaming enthusiasts who want to spice their digital garage with some exciting,…

Recently announced Ethereum layer-2 scaling network Blast, led by the founder of top NFT marketplace Blur, has pulled in over half a billion dollars worth of locked funds from users seeking yield and rewards—but also faced substantial criticism over its rollout. And now early investor Paradigm has joined the list of parties with issues over the launch. On Sunday, Paradigm Head of Research and General Partner Dan Robinson shared a post on X (aka Twitter) that took Blast’s launch to task, attributing his comments to “we at Paradigm,” suggesting it conveyed the prominent crypto-centric venture capital firm’s stance. “There are…

Following the controversial early access launch of the new Ethereum Layer 2 network Blast, Paradigm, which led Blast’s seed round alongside Standard Crypto, has spoken out against the project’s tactics. Paradigm’s head of research Dan Robinson said in a post on X that the VC firm doesn’t agree with Blast’s decision to launch its bridge before the L2 network and to disable withdrawals for three months, which he said sets a bad precent for other projects. “We also think much of the marketing cheapens the work of a serious team,” Robinson added. Paradigm has approached the Blast team with their…

While the newest Ethereum (ETH) second-layer platform Blast is growing day by day, some crypto enthusiasts raise concerns about its security, tokenomical design and even the very “L2” status. The Blast team had kept silence for five days, but then explained the benefits of its multi-signature solution. Ethereum L2 Blast sees $500 million deposited, DefiLlama says Today, Nov. 26, 2023, Ethereum (ETH) staking platform Blast registered its total value locked (TVL) metric spiking above $500 million in equivalent. By press time, Blast depositors injected over $512,810,000 in its contract, DefiLlama data says. Launched on Nov. 21, it amassed the first…

The 2023 crypto winter has been challenging for many, not least the thieves who target crypto wallets, platforms and token protocols. So far this year, they’ve only managed to steal $1 billion in crypto assets — a steep fall from 2022’s record $3.8 billion. Unfortunately, the decline appears to have more to do with a reduction in available capital than with stronger defenses. And while the scale of attacks has fallen, their frequency has in fact risen sharply: from 60 hacks in 2022 to 75 as of the end of October. And the year isn’t over. If decentralized finance is…

Blockchain technology works as a digital accounting system that records and confirms transactions in cryptocurrency (digital or virtual currency). It stores information about each transaction of purchase, sale or exchange of cryptocurrency in special blocks. These blocks are combined into a chain, creating a chronological history of events. Sergey Kondratenko, an expert in the field of fintech, reports that the peculiarity of the blockchain is its security and transparency. This is because each block is immutable and viewable by everyone. It is not kept under central management control. The specialist adds that cryptocurrencies such as Bitcoin and Ethereum use blockchain…

A Solana (SOL) competitor is suddenly soaring amid news that stablecoin issuer Circle (USDC) is investing in the blockchain project. The Sei Network (SEI), the new layer-1 blockchain that claims to be a blockchain faster than Solana, reached a high of $0.250 after the Circle announcement, a more than 110% increase from its value of $0.118 on November 10th. Circle said they were investing in the SEI network to expand use cases for USDC, its dollar-pegged digital asset. SEI has slightly retraced and is trading for $0.239 at time of writing. Said SEI, “SEI is designed specifically to address the…

The Gala Games Treasure Chest is no more as Gala makes a move to migrate everything over to their GalaChain! Any items that were previously store in players’ Treasure Chests are still in their inventory, but now they can only be minted directly onto the GalaChain. For a long time, Gala Games has used their own custodial wallet to hold player’s tokens and distributed NFTs. And while that still holds true, players will now be able to mint those tokens and items in their wallet onto the GalaChain at no charge! Unfortunately, the whole process is a bit confusing. So…

The importance of decentralization in file sharing Decentralized file sharing revolutionizes data access by eliminating dependence on centralized servers and utilizing P2P technology to distribute files across a network of nodes. Distributing and accessing data without depending on a centralized server is possible with decentralized file sharing. Rather, files are kept on a network of linked nodes, frequently through the use of peer-to-peer (P2P) technology. To enable file sharing, each network user can provide bandwidth and storage space. BitTorrent and InterPlanetary File System (IPFS) are two well-known instances of decentralized file-sharing protocols. The decentralization of file sharing has completely transformed…

Azuki DAO, an unofficial community decentralized autonomous organization surrounding the namesake nonfungible token collection, has announced its rebranding to “Bean” as it drops a proposed lawsuit against the NFT collection’s founder, Zagabond, over a $39 million minting affair. In a statement sent to Cointelegraph, Azuki developers said the DAO will rebrand into a memecoin project and become part of the Ethereum layer-2 Blast ecosystem. Developers also claims that Bean has also secured $10 million from “prominent investors” for its development and acceleration within the Blast ecosystem. The proposed Bean memecoin will have a total supply of 1 billion. Forty percent…