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In spite of the fact that there has been a significant increase in the value of digital assets, the overall NFT market is seemingly where it was. Over the last week, Bitcoin has witnessed an increase of 22%; from the figure of $28,000, it has reached $35,000. Bitcoin managed to take the industry further through two assets, Houbi’s HT and Trust Wallet’s TWT. In CoinGecko’s observation, this is among the first 100 in terms of market capitalization, which is in jeopardy. As per the data released by Nansen, the minimum price for a sole NFT, which is known as the…

The integration of Chainlink Proof of Reserve (PoR) is something that Backed is pleased to announce. With this feature, users may now verify the collateralization of its tokenized assets in a transparent and trust-minimized manner. Users may rest well knowing that their investments are properly collateralized thanks to Backed’s implementation. With PoR, users may now independently confirm the sufficiency of collateral reserves on-chain at any moment. In order to preserve the integrity of tokenized assets, this is essential. Operation of Proof of Reserves Solution As soon as we get the money from a user who purchases bTokens, we instantly acquire…

Neon Machine has successfully secured $20 million in a recent Series A funding round for its highly anticipated Web3 game, “Shrapnel.” This significant investment follows a successful seed round of $10.5 million in June 2021. The funding round garnered support from prominent investors, including Polychain Capital, Griffin Gaming Partners, Brevan Howard Digital, Franklin Templeton, IOSG Ventures, and Tess Ventures, further solidifying the potential of the game and the company.The AAA Game with a Unique TwistReferred to as a AAA game, “Shrapnel” promises top-tier production, substantial budgeting, and a comprehensive marketing strategy. This first-person shooter game with multiplayer features centers around…

Continuum World gives us a release date for season 3 of their pre-game, First Explorers, which this time around will focus on finding Birdums and collecting Eggs. But before that, we have a special, limited-time Halloween event! Continuum World is ready to bring their gathering game back to the players as they introduce a limited time Halloween event and announce details about their upcoming Season Three of First Explorers. Halloween Event This year’s special Halloween event for Continuum World will last for only 48 hours, from October 31st at 12 UTC to November 2nd 12 UTC. During this event players must…

The Horizen ecosystem, a pioneering force in the world of blockchain technology, has announced a significant integration with the LayerZero protocol. This major integration is set to revolutionize the capabilities of Horizen EON, unleashing powerful cross-chain communication tools that promise seamless, secure, and efficient data exchange across various blockchains. The integration of LayerZero’s advanced messaging infrastructure into the Horizen EON ecosystem signifies a significant step towards achieving the ultimate goal of blockchain technology: interoperability. In a world where diverse blockchains exist, each with its unique features and strengths, the ability to facilitate communication between these networks is paramount. With LayerZero,…

Base publicly launched its mainnet just over two months ago, and the launch was phenomenal. Despite the bear market, it demonstrated exponential growth in just over two weeks. Now that the hype around Base has cooled down, it is time to examine the state of the network. Let’s explore the key stats of the blockchain’s performance and uncover the reasons behind its popularity. Key Takeaways: Base garnered much attention from the community right after the public launch. This led to exponential growth in the number of users and transactions for some time. One of the key elements of Base’s popularity…

The time is nearly upon us for the Equipment mint from Last Remains, and it’s free! Equipment in Last Remains is not only cosmetic, but also provides modifications to the character’s attribute, making finding and equipping the right items a valuable part of winning the game! Last Remains, a in-development battle-royale set in a zombie-infested city, will be holding their free mint for Equipment items over the next few days (October 26th through the 28th, 2023). The mint will be on the Polygon chain. Last Remains Free Equipment Mint The mint begins on October 26th, with two rounds for those…

Despite a broad-based rally that has pushed digital asset prices to levels not seen in years, the NFT market remains stubbornly mired in a bear. In the past week, large caps such as bitcoin have surged as much as 22%, climbing from $28,000 to a peak of $35,000 on Monday. Bitcoin in turn dragged much of the industry higher, with only two assets – Huobi’s HT and Trust Wallet’s TWT – among the top 100 by market capitalization in the red on a 7-day basis, per CoinGecko. Despite the broad-based rally, however, the NFT sector has largely failed to rise.…

Interoperability protocol LayerZero has introduced the ability to move wrapped stETH token (wstETH) from the liquid staking protocol Lido Finance across Ethereum, Avalanche, BNB Chain, and Scroll. wstETH has also been integrated into LayerZero’s omnichain fungible token standard, or OFT standard, which aims to eschew wrapped asset risks in cross-chain native token transfers. OFT moves tokens through its decentralized communication protocol as opposed to minting and burning wrapped tokens. Expanded wstETH opportunities LayerZero’s cross-chain interoperability of wstETH hopes to bolster DeFi opportunities outside of Ethereum and into Avalanche, BNB and Scroll. “ETH is a staple asset within Avalanche’s DeFi ecosystem…

One of the fundamental limitations of the Lightning protocol is how payment routing is handled and accomplished. It is entirely source routed, meaning that the sender of a payment is the one who constructs the entire route from themselves to the receiver in order to facilitate the payment. This presents an issue when it comes to the changing balances of channels over time as they are routing payments between numerous different users across the network, once a sender “locks in” and decides on a specific route, that route cannot be changed until a failure message makes it way back to…