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A bridge too far it seems for LayerZero. After announcing it would integrate a wrapped version of Lido’s ever-popular staked Ethereum token, the team behind the cross-chain protocol was hit with hefty backlash from the Lido community. The wrapped version of stETH is an ERC-20 version of the original blend stETH, making it easier to be reused in other applications. Lido Finance is a popular staking protocol. This is what LayerZero had integrated on Wednesday across BNB Chain, the buzzy layer-2 network Scroll, and Avalanche. Why Ethereum Bulls Are Turning to LSD But why the backlash exactly? Well, first and…

As the crypto industry pushes the limits of blockchain, the constant pursuit of innovation and sustainability takes center stage, with various consensus mechanisms vying for the spotlight, among them, Proof of Authority (PoA), employed by Vechain, emerges as a growing alternative, challenging Ethereum’s widely acclaimed Proof of Stake (PoS) model. I had the privilege of delving into these intricacies with Sunny Lu, the visionary CEO of Vechain, to unravel the potential and efficiency of PoA, and to explore how Vechain is redefining the standards of sustainable blockchain technology. Demystifying PoS and PoA: The Energy Efficiency Conundrum Ethereum’s transition to PoS…

The Web3 gaming developer Neon Machine — backed by a team behind Call of Duty, West World, and Halo — has successfully raised $20 million in a Series A funding round to propel its extraction shooter game ‘Shrapnel‘.Led by Polychain Capital with significant backing from Brevan Howard Digital, Franklin Templeton, Griffin Gaming Partners, IOSG Ventures and Tess Ventures, this capital trails behind Neon’s $10.5 million raise in June 2021.Neon Machine’s Shrapnel-Centric Roadmap Neon Machine describes Shrapnel as an AAA game — a term for video games with high-quality production values, expansive marketing strategies, and substantial financial budgets.The Neon Machine Shrapnel game…

With the purchase of BlockBeam, Rise In, a leading education platform for transitioning Web2 engineers to Web3, has further enlarged its talent network of over 200,000. Notably, partnerships with 90+ university blockchain clubs, including the Princeton Blockchain Club, Blockchain at Berkeley, and Harvard Blockchain, have helped establish BlockBeam as one of the first and biggest Web3-focused ed-tech startups in the United States. The acquisition will allow Rise In and its partners to teach the next generation of Web3 developers in the United States at some of the best educational institutions in the world, according to the latest information shared with…

Neutron Overview Neutron Price Change 24h -1.91% Neutron Price Change 7d 16.09% Neutron Market cap $13,320.63 Neutron All time high $1.20 Neutron All time low $0.00012 Neutron Price Prediction 7d $0.000284 +1.07 Neutron Fear-Greed Index 70 Greed Neutron Volatility 30.94% Neutron Green Days 27/30 (90%) Our real-time NTRN to USD price update shows the current Neutron price as $0.29 USD. According to our Neutron price prediction, NTRN price is expected to have a -0.36% decrease and drop as low as by October 28, 2023. Our analysis of the technical indicators suggests that the current market feeling is Bearish Bearish 73%, with…

NFT trading cards have emerged as a compelling and dynamic asset class. Beyond their nostalgic appeal, NFT trading cards represent a significant intersection of art, collectibles, and digital ownership. With their unique blend of cultural resonance and blockchain-backed authenticity, they have captivated both seasoned collectors and newcomers alike.This article aims to delve into the strategies that can be employed to maximize the value and potential of NFT trading cards. By exploring key principles, market dynamics, and tactical considerations, we endeavor to provide a comprehensive guide for enthusiasts, investors, and collectors seeking to navigate this vibrant space effectively.Why Consider Investing in…

Hunters On-Chain goes free to play with their latest update, offering everyone a chance to try out this play to earn, quick paced, combat game. Every new player without a Hunter receives a free, common Hunter that will be bound to their wallet unless it gets used in the game. Hunters On-Chain brings their free to play feature online, letting anyone join the game and giving first time players a free, common Hunter to play with. These Hunters will be locked in the player’s wallet, though they can be moved if they are played in game on 14 different days.…

A U.S. District Judge in California issued a judgment on Wednesday in favor of Yuga Labs, creators of the popular Bored Ape Yacht Club, against Ryder Ripps (“Ripps”) and Jeremy Cahen (“Cahen”) and awarded Yuga Labs over $1.5 million in damage, the amount the court said Ripps and Cahen made in profits from the sale of Ryder Ripps Bored Ape Yacht Club which the court said infringed on Yuga Labs’ trademark. According to court documents shared with Decrypt by a Yuga Labs spokesperson, the defendants argued that their use of Yuga’s BAYC trademarks was not infringement but “satire” and “parody.”…

The monthly trading volume of LooksRare, a decentralized non-fungible token (NFT) and digital collectible marketplace, is down 97%, crashing from $71.9 million registered in September 2023 to just $2.1 million in October, Token Terminal data shared by Web3 Academy on October 26, via X shows. LooksRare’s Monthly Volume Tanking, Falls To $2.1 Million In October The unprecedented drop in activity couldn’t be pinned on any particular LooksRare-related event when writing on October 26. This contraction is despite the broader cryptocurrency market recovering, rising as seen by the welcomed expansion of leading assets, including Bitcoin (BTC) and Ethereum (ETH). According to…

Curious about the buzz surrounding DAOs? You’re in the right place! As we dive into the world of decentralized autonomous organizations, we’ll unravel the essence of these digital entities and why they’re capturing so much attention in the tech community. My name is Zifa, and I am here to decode yet another abbreviation from the cryptosphere. Join me on this enlightening journey! What Is a DAO? A DAO, short for decentralized autonomous organization, is a revolutionary concept hinged on blockchain technology. Instead of having a centralized authority, DAOs function through collective member decision-making. At the heart of a DAO’s decentralization…