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Billionaire real estate developer Frank McCourt took aim at ” dodgy cryptocurrencies and silly NFTs” for spoiling the narrative around blockchain. Speaking at Web Summit 2023, McCourt noted that his own project, open internet protocol DSNP, was not tokenized. “Dodgy cryptocurrencies and silly NFTs are not the same as core technology that can actually help make the internet better for us,” he said, adding that “the narrative has been spoiled somewhat.” Blockchain has the potential to “fix the internet,” he said. “And by fix, I mean identity, provenance, verifiable attributes, attestation. Those are the things actually the blockchain does extremely…

Disney and Dapper Labs — the masterminds behind NBA Top Shot and NFL All Day — have unveiled teaming up to create ‘Disney Pinnacle’, an exciting new NFT platform.Disney Pinnacle’s hub of digital assets takes inspiration from the popular tangible pins featuring famous Walt Disney, Pixar, and Star Wars characters and themes, which hobbyists avidly garner and trade in the real world. Following the success of Dapper Labs’ blockchain and marketplaces, the platform holding these traditionally cherished physical collectibles will be digitally available on the Flow network and via the Apple App Store by this year’s end. Be the first to chase, collect and trade digital…

Vitalik Buterin, the cofounder of Ethereum, recently delved back into the topic of Plasma—a blockchain scaling solution. His latest article dissects the complexities and potential of Plasma, which has garnered attention from industry leaders, including Charles Hoskinson, who responded with a contemplative Kermit the Frog GIF. Plasma, first introduced in 2017, was designed to enhance blockchain scalability by handling data and computations off-chain, except for essential elements like deposits, withdrawals and Merkle roots. It promised significant scalability improvements but has been largely overshadowed by rollups due to its limitations, such as high data storage costs on the client side and…

Disney, in collaboration with Dapper Labs, has announced the development of ‘Disney Pinnacle,’ a digital collectible platform inspired by the fan-favorite Disney theme park pins. This unique platform aims to bring the magic of Disney pins into the NFT space.NFTs Meet Disney PinsDisney Pinnacle combines the thrill of Disney pin collecting with the innovation of NFTs. Each digital pin will be fashioned after traditional Disney pins and then minted as an NFT. Dapper Labs, the company behind the popular NBA Top Shot platform, will create these NFTs using its proprietary Flow blockchain.Collectors will have access to a vast array of…

Traditional-finance giants JPMorgan and Apollo successfully worked with a handful of blockchain firms to demonstrate “proof of concept” for how asset managers could tokenize funds on the blockchain of their choice, according to a press release. JPMorgan’s Onyx Digital Assets collaborated with interoperability layer Axelar, infrastructure provider Oasis Pro and Provenance Blockchain to manage large-scale client portfolios, execute trades and enable automated portfolio management of tokenized assets, according to the release. Oasis Pro enabled the tokenization of assets, such as Apollo funds, on the Provenance Blockchain Zone, according to the release. The initiative is part of Project Guardian, a collaborative…

Aurelien Michel, the man behind the Mutant Ape Planet NFT project, has admitted his guilt in a “rug-pull” fraud case. Authorities report the scheme defrauded investors who shelled out around $2.9 million. Michel manipulated the soaring popularity of ape-centric NFT art to his advantage, inspired by the tremendous success of the Mutant Ape Yacht Club series.Scheming a Fraudulent NFT ProjectAt the beginning of 2022, Michel announced the issuance of his project, Mutant Ape Planet NFTs. Much to the investors’ dismay, Michel harbored no intentions of creating or disseminating any artwork. His primary objective revolved around obtaining funds. As a result,…

TOTHEMOON Universe is gearing up to open its Infrastructure Deed Burning and Moon Infrastructure Mint process, scheduled for Nov. 16 at 8:00 p.m. (UTC). Users can participate in this event by visiting TOTHEMOON Universe’s Deed Burning page. Moon Infrastructures Moon Infrastructures are necessary in the TOTHEMOON Universe to provide resources for characters (i.e., Moon Creatures) to survive, and for players to progress in the game. Additionally, Moon Infrastructures will reward users with TTM utility tokens. There are 12 Moon Infrastructure types, with total supplies ranging from 250 to 1,000 NFTs each. Moon Infrastructure Types include: Water Well, Greenhouse, Creature Facility,…

The developer behind the Mutant Ape Planet non-fungible token (NFT) collection – a knockoff of the Mutant Ape Yacht Club NFTs – pleaded guilty on Tuesday to defrauding buyers in a rug pull that netted almost $3 million, according to the U.S. Department of Justice (DOJ). Aurelien Michel, a French citizen who lived in the United Arab Emirates, was arrested earlier this year in New York. He faces up to five years in prison and has agreed to pay $1.4 million in forfeiture, according to the U.S. Attorney for the Eastern District of New York. “Our office is acutely aware…

Huawei Cloud unveils innovative Web3 services at the SUSTAINABLE WEB3 SG 2023 Summit. Huawei Cloud has recently announced a significant move into the Web3 sector at the SUSTAINABLE WEB3 SG 2023 Summit, a key event jointly organized by Wanxiang Blockchain Labs and the Singapore University of Social Sciences. Huawei Cloud introduced a suite of Web3-focused cloud services, aiming to catalyze advancements in this emerging sector. You might also like: OpenSea users targeted in phishing scam disguised as official NFT offers The services include the Node Engine Service, confidential computing, and the InterPlanetary File System (IPFS). These offerings are designed to…

Marek Olszewski, co-founder of Celo and CTO of cLabs, said that the development of Layer 2 solutions has enabled Celo’s plan to integrate back into the Ethereum ecosystem. Born from the vision of building an easy-to-use mobile wallet on Ethereum, Celo evolved into its own EVM-compatible and scalability-focused Layer 1 blockchain in 2020. “At the time, Ethereum’s scalability plans were evolving and the fastest way to build a scalable EVM chain that developers were demanding was to launch as a Layer 1,” Olszewski said. However, with Ethereum’s scalability roadmap via rollups now in place, Olszewski sees it as an opportune…