Author: Jeremy Ryan

The PWN DAO Foundation, linked to the peer-to-peer lending protocol PWN, has released a comprehensive report analyzing user-incurred onchain fees within major blockchain networks and decentralized applications (dapps) for the past year. The 2023 analysis examines Ethereum, BNB Chain, Bitcoin, and layer two (L2) solutions, along with widely-used dapps such as Aave and Uniswap. The report sheds light on the primary trends in fee generation and discusses the changing patterns of blockchain utilization and revenue. 2023’s L1 and L2 Fee Generation Stats Revealed The report published by PWN, illustrates a diverse landscape of onchain fee generation, underscoring a 33% overall…

It’s been exciting to build alongside @pudgypenguins and bring to reality an on-chain IP licensing solution that removes the friction of traditional web2 agreement structures and enables NFT holders to license their IP for products properly.There’s been a significant void in… https://t.co/Xgyr6E6zrg— SaaSy Labs (@SaaSyLabs) January 27, 2024Changing the Game in IP LicensingTo utilize Pudgy Penguins’ Overpass, users must link their digital wallets via the Overpass website on Polygon. After establishing a connection, they gain access to qualified assets and can explore numerous opportunities.The project showcases opportunities with potential royalties, where ‘Pudgy Rods’ increase earnings based on rarity. Users select…

Crypto is internet money, and the internet is for robots. We humans barely recognize their gears and sockets — the crypto arbitrage and MEV bots, social media bot armies and algorithmic content feeds, generative code art and AI illustrations, and the various Zapier agents and automations that run in the background of our experience. Previously, I discussed how there will be only more robots, and that Web3 is the correct economic and financial venue for their emerging machine economy. Of course, many of us are using so much software that we qualify as software cyborgs too. Lex Sokolin, the founder…

Trust the humans. That principle stands at the core of a new trend in the blockchain industry, where overseers of various networks are establishing groups of people to help steer protocol changes and ensure security. The goal of these “protocol councils,” sometimes called “security councils,” is to nudge the nascent networks toward increasing decentralization, by gradually removing them from under the control of their original developers. Before cutting the cord completely, where the networks essentially run automatically, or subject to some sort of democratic process, the thinking is that a panel of well-meaning humans can serve as the ultimate guardians…

LayerZero V2 has been launched recently, which is a significant achievement in the blockchain industry. This upgraded protocol brings forth a new era of permissionless, censorship-resistant, and immutable interoperability across more than 20 chains. This development holds great significance for the evolving landscape of web3. LayerZero V2 is Live ????????????https://t.co/hubV4E9gPi — LayerZero Corner (@L0_Corner) January 29, 2024 LayerZero V2 Unleashes Universal Messaging for Seamless Blockchain Interaction LayerZero V2’s universal messaging capability, which allows users to transmit and create messages across chains, is its most notable feature. Using random data, external function calls, or tokens, developers can design more flexible and…

The layer-2 (L2) scaling solutions ecosystem is booming. Can crypto achieve scalability without sacrificing decentralization? The congestion and high transaction fees in established blockchains like Ethereum (ETH) and Bitcoin (BTC) have sparked a need for additional solutions to handle the increased demand. The L2 sidechains such as Arbitrum (ARB), Optimism (OP), and Polygon (MATIC) emerged as an attempt to enhance transaction capabilities while ensuring smooth and orderly operations. In short, layer-2 solutions are additional protocols or frameworks constructed on existing blockchains to improve scalability and transaction throughput. They come in various forms, such as rollups, state channels, and sidechains. They…

OKX announced that it’s adding support for Atomicals (ARC-20), Stamps (SRC-20), Runes, and Dogecoin’s Doginals (DRC-20) to its platform, with plans to launch a marketplace in the near future. OKX says that it will integrate the bitcoin token standard SRC-20 for viewing and transferring inscription standards on February 5, followed by the integration of ARC-20, DRC-20, and Runes standards in late February. OKX Wallet’s inscriptions tool currently supports inscriptions minting on 23 networks, including Bitcoin, Dogecoin, Ethereum, Polygon, BNB Chain, Avalanche-C, Arbitrum One, and a number of others. Inscriptions have taken off in the last year after first launching on…

As the culmination of years of research and development, Mintlayer kicks off to change the narrative in the segment of Bitcoin-based second-layer scaling solutions. The blockchain is set to employ an eccentric hybrid consensus to merge the benefits of most popular decentralized networks. Mintlayer sidechain launches in mainnet: Details According to an official statement shared by its team, Mintlayer, a second-layer platform on top of the Bitcoin (BTC) network, goes live in the mainnet today, Jan. 29, 2024. ????Big News! Mintlayer’s #Mainnet is launching on Jan 29!This marks a major milestone, transitioning from a testnet to a fully operational blockchain…

Rango Exchange has integrated Base into its cross-chain protocol, a major achievement. Users can now easily reach Base via 50+ blockchains. Base is a powerful and affordable Layer 2 (L2) solution designed to increase Ethereum’s user base while ensuring security and scalability. Despite being built by Coinbase, Base is dedicated to decentralization to create an accessible, open, and global cryptocurrency market for everyone. ☄️ Thrilled to share our latest milestone: seamless integration of @base into our #crosschain protocol! ????Now, our users can access #Base effortlessly from +50 blockchains. ????‍????This integration includes: ???? @StargateFinance, @deBridgeFinance, and @AcrossProtocol as bridge… pic.twitter.com/uAqaJsbxAa —…

Australian Payments Plus joins Hedera’s Governing Council, processing 3.9 billion transactions by 2022. AP expands its payments ecosystem with Hedera’s technology, seeking to innovate in security and transactional efficiency. In the distributed ledger technology (DLT) sector, Australian Payments Plus (AP ), a prominent entity in Australia’s payments sector, has established a pivotal point by joining the Hedera Governing Council in 2022. This integration signals significant progress in the adoption of blockchain technology in the area of financial transactions and payments. Hedera’s Governing Council member, eftpos, joined with BPAY Group and NPP Australia to form Australian Payments Plus (AP ). As…