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The Near Foundation, the non-profit behind the Near Protocol, has announced a collaboration with Ethereum scaling solution firm Polygon Labs in an attempt to improve interoperability across chains. The deal brings the Near protocol closer to one of the largest blockchain networks, Ethereum, and enables blockchains with WebAssembly (WASM) technology to use Ethereum’s liquidity, according to a press release. The partnership aims to build zkWASM, a zero-knowledge prover for WebAssembly (WASM) blockchains. The zkWASM will maximise developer customizability, allowing users to select from a number of provers when building. “In the future, through an in-development interoperability layer, chains will also…
The Web3 industry has experienced massive growth over the last many years, from a niche that saw the glimpses of the future of the internet, to a reality building that future with the brightest minds and makers. The space has also received support from a number of influential people, absorbing big names originating from outside of Web3. One of those people is the world-famous rapper and entrepreneur Snoop Dogg and his son Cordell Broadus, also known as Champ Medici. Over the last year in particular, Broadus and Snoop have been at the forefront of combining Web3 technologies like nonfungible tokens…
Emperor’s Day has arrived in Champions Ascension! And with it comes events throughout the day, tons of prizes, and more! The game is free to play, and you can even build your own Grunt-level Champion through a series of quests! Today, November 8th, 2023, has officially been proclaimed Emperor’s Day by the Emperor in Champions Ascension. This event includes bonus Chrono XP, twelve hours of scheduled events, several tournaments, and tons of giveaways and prizes! And for those new to the game, the game includes a series of introductory quests to help you get acquainted with the world and create…
San Antonio Spurs’ sensation, Victor Wembanyama, has taken the NBA Top Shot stage. Following a remarkable six-figure non-fungible token (NFT) sale on Sorare NBA, Wembanyama made his debut on NBA Top Shot on Tuesday. The young basketball star will be part of the Rookie Debut: Headliners Web pack, which was released for sale at 3 pm Eastern Time (8 pm UTC) on Tuesday. The packs are priced at $79 each, and Dapper Labs will make a total of 2,445 packs available. The No. 1 serial of Victor Wembanyana’s Rookie Debut Moment is hidden in $79 Headliners packs dropping at 3…
In a strategic move, Oasys is partnering with Singularity to streamline cross-chain payments across its gaming ecosystem, offering a seamless financial experience for gamers and developers alike. This partnership will eliminate the hassles associated with cross-platform transactions and enable the integration of fiat payments into Verse, increasing the accessibility and attractiveness of the ecosystem. Built specifically for gamers, Oasys has entered into a critical alliance with cross-chain payments facilitator Singularity, improving the payment experience on its platform while offering gamers convenience and functionality. By integrating its primary Hub layer with various Verse layers, Oasys becomes a pioneer in the field…
Expobank, a large financial institution in Russia, has reportedly issued the first tokenized diamond offering in the country. According to local media, Expobank used the Multichain blockchain platform to issue these tokens, with each one of them having the value of 1/5,000 of a diamond, democratizing access to these investments in gemstones for small investors. Expobank Pioneers Diamond Tokenization in Russia Expobank, a financial institution with more than 50 offices in Russia, has entered the market of gemstone tokenization. The bank recently issued the first tokenized diamonds in the Russian market using the Multichain blockchain, intending to democratize the gemstone…
According to Bloomberg, HSBC, one of the UK’s largest banks, announced that it will work with Metaco, a technology company owned by Ripple Labs, on custody services that it expects to be implemented in 2024. Accordingly, HSBC plans to offer custody services to corporate customers for digital assets such as tokenized securities, its latest move in the field of finance. At this point, Swiss-based Ripple company Metaco will ensure that the assets of HSBC customers are kept safe. The bank stated that with this partnership, the digital asset issuance platform known as HSBC Orion and HSBC’s tokenized physical gold service,…
Blockchain technology is having a tangible positive influence on environmental stewardship through innovative projects that are retiring carbon credits, generating staking yields to support ecological initiatives and incentivizing communities to monitor and protect natural resources. Cointelegraph delved into the world of regenerative economies and finance at Solana Breakpoint in Amsterdam, facilitating a panel featuring three speakers that are intimately involved in projects leveraging blockchain technology to work towards meeting sustainable development goals (SDGs) around the world. The Smith School of Enterprise and the Environment defines a regenerative economy as a movement “away from extractive business models” that aim to power…
The mainstream is ready to talk about non-fungible tokens (NFTs) again. In the past week, Elon Musk, Joe Rogan, Mark Cuban, and now The Simpsons have all uttered the phrase “NFTs.” Each goes as far as discussing the technology, the market, or in the case of The Simpsons, dedicating its annual Halloween special to the topic. While this might be a sign that NFTs are back, (and you could even back that up with some data), some bigger indicators show a true recovery is still a while off. Looking at last week’s data we can see the continued uptrend that…
Authentick, the brainchild behind Authentickator — which simplifies exploring, buying, and validating digital collectibles — just unveiled raising a whopping $4 million capital led by the Singaporean venture-building platform Menyala earlier this year.On top of that, the Singaporean startup exposed its strategic partnerships with Southeast Asia’s renowned e-commerce platform Lazada, the social media behemoth TikTok, and the international e-commerce giant Shopify. All customers of these top-tier businesses can now seamlessly acquire virtual assets without common Web3 hurdles. Effortless Digital Asset AdoptionWhat sets Authentickator apart from other NFT platforms is its ability to transform such collectibles into a format suitable for widespread use. Customers…
