Author: Jeremy Ryan

NFT trading volume in 2023 was less than half of what it was in 2022. It slid from $26.3 billion down to $11.8 billion, according to a CoinGecko report. Barely two years after pixelated collectibles were fetching millions and Jimmy Fallon showed off his Bored Ape on The Tonight Show, digital art trading has fallen off the radar for many crypto investors. But the downturn has been a slow burn so far. Back in 2022, CoinGecko’s crypto industry report showed that digital art volumes dropped each successive quarter, falling over $10 billion from Q1 to Q4. The space’s prolonged decline…

Key highlights: They’re launching this new app called ShareON on Telegram that’s aiming to reward you for spreading quality content. Basically, if you come across an awesome video or article and share it around, you can earn some crypto tokens. To keep things fun, they’ve added a game element where you can track your progress on leaderboards and collect achievements. In just a short time since launch, hundreds of thousands of people have already joined up, and billions of messages have been shared. The TON blockchain has seen significant growth in recent weeks with the launch of several innovative mini-apps.…

The shift of the gaming world towards Web3 technologies brings to the forefront the necessity for enhancing the adoption and utility of NFTs. One platform embracing this is Nifty Island, a social multiplayer game for NFT holders, which has recently launched the Nifty Island Open Beta for gamers and NFT enthusiasts.What is Nifty Island?Nifty Island offers a unique gaming experience where players create experiences on their islands. In this 3D gaming experience, participants can engage in quests, explore with friends, and construct their own settings in real time. Similar to the UGC (User Generated Content) modes found in games like Roblox,…

Singapore — Today, Matter Labs and iCandy have joined forces to usher in a new era of Web3 gaming with the development of zkCandy, a dedicated zkSync gaming and AI-focused hyperchain.— Matter Labs, a prominent software development, engineering, and cryptography company, is at the forefront of developing software for the zkSync protocol. This Layer2 trustless protocol is designed to address scalability challenges on the Ethereum network.On the other side of this collaboration is iCandy Games, which stands as the largest independent game developer in Southeast Asia, boasting over 700 full-time employees and operating from seven independent studios. This strategic partnership…

By introducing native ETH and wstETH transfer software onto the platform, Wormhole has altered the ETH and wstETH movement pattern across numerous EVM-oriented networks. This will facilitate the achievement of increased liquidity and cost-effectiveness. Built on top of Uniswap v3, this new feature is going to revolutionize the transfer of ETH and wstETH across different EVM-based networks, making it more efficient and liquid than ever before. On the destination chain, there are gas-free transfers. It is exceptionally intuitive to use. Each blockchain includes a single xETH/wETH pool that facilitates transactions between wrapped (local) ether and xETH (wormhole ether). As the…

Gitcoin-backed Public Goods Network, a Layer 2 solution on Ethereum, is winding down all operations within the next six months — targeting a complete shutdown by mid-2024. “After a thorough assessment, it has decided to wind down PGN over the next 6 months – tentatively closing in June 2024,” the project stated. The move marks a significant pivot for the network, which was initially launched last year as an appchain to complement Gitcoin’s existing operations around public goods and developer funding. The project cited several reasons for the decision to wind down PGN, including challenges in migrating users to the…

In a significant stride toward enhancing Web3 capabilities, peaq, the blockchain for real-world applications, welcomes AYDO to its expanding ecosystem.— AYDO, a pioneering platform facilitating the connection of smart devices, is set to link its infrastructure with peaq, offering a privacy-first environment for the Internet of Things (IoT). This collaboration positions AYDO to become a formidable tool for decentralized physical infrastructure networks (DePIN) on peaq, presenting users with a versatile instrument for IoT networking.AYDO’s platform allows IoT devices from various vendors to interact and share data on supported blockchains. By integrating with peaq, AYDO enables seamless collaboration among diverse connected…

As the blockchain ecosystem continues to evolve, the importance of testing infrastructure cannot be overstated: It’s essential for the experimentation and development of dapps. And as interest in dapps increases exponentially, so does the use of testnets. Like any piece of technology that is scaling at an unprecedented rate, inefficiencies and limitations become more apparent as time goes on. This has certainly been the case with public testnets. Despite their initial promise, developers are facing a number of hurdles in utilizing testnets effectively, leading to calls for more efficient mechanisms to build and test dapps. Public testnets: An insufficient and…

The popular collection of Azuki NFTs seems to be experiencing an increase in its floor price, thanks to rumors of a possible partnership with Weeb3 Foundation. The sharing of a tweet by Azuki from Weeb3 has sparked these rumors. Azuki NFT: the floor price rises thanks to rumors about the partnership with Weeb3 Foundation Azuki NFT and the rumors of a partnership with Weeb3 Foundation The recovery of the floor price Azuki NFT: the floor price rises thanks to rumors about the partnership with Weeb3 Foundation It was Saturday, January 6, 2024, when Azuki, the popular NFT collection, shared on…

In an interview at the recent VettaFi CryptoCurrency Symposium, Jay Jacobs, U.S. Head of Thematics and Active Equity ETFs at BlackRock, highlighted the journey to launching the iShares Bitcoin Trust ETF (IBIT) and BlackRock’s longer-term view on blockchain. Development of the iShares Bitcoin Trust, he explained, stemmed from client demand for incorporating diverse asset classes into the familiar and efficient ETF structure. Jacobs emphasized the three primary advantages of the Bitcoin ETF: access, convenience, and quality. By offering Bitcoin exposure within a traditional ETF format, BlackRock’s initiative caters to investors seeking to diversify their portfolios with digital assets while also…