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Blocknative CEO and co-founder Matt Cutler says that over the past six months, private orders — transactions which do not appear in the public mempool but then do appear on-chain — grew from about 2% to 15% of all transactions on the Ethereum network. He expects about half of all transactions to be private in a year or so. Designed as a “mechanism of protection,” he explains, the innovation has spawned some unintended consequences. On the 0xResearch podcast (Spotify/Apple), Cutler explains the reasoning for private transactions: “You’re trying to avoid some of these concerns about adverse settlement and your transaction…
Summary Scroll’s mainnet launch has attracted significant traction, with over $15 million in Total Value Locked (TVL) and over 84,500 unique addresses. The network has processed over 90 million transactions across 9 million blocks and generated 280,000 ZK proofs during its testing phase. Scroll prioritizes security by using battle-tested cryptographic libraries, undergoing regular code audits, and maintaining a bug bounty program. Scroll aims to enhance Ethereum’s scalability through zero-knowledge technology and EVM compatibility, competing with other zkEVM solutions like Polygon, Immutable, zkSync, and StarkWare. Barely six days since its mainnet launch, Ethereum Layer 2 network Scroll is attracting significant capital…
The artificial intelligence (AI) market is becoming one of the fastest-growing industries in the world. According to market research firm Next Move Strategy Consulting, the current AI market is valued at nearly $100 billion and is projected to grow exponentially. Given this, it comes as no surprise that chatbots using AI are also on the rise. Recent findings from Precedence Research show that the global chatbot market size reached $840 million in 2022. AI chatbots for Web3 developers in the works As opportunities around AI and chatbots flourish within various industries, the Web3 sector has also started to capitalize on…
DeSpread, a blockchain consulting firm, has joyfully revealed a significant partnership with Ryder, the next-gen hardware wallet. The partnership is meant to promote the digital asset self-custody culture in Korea. Through this collaboration, DeSpread aims to collaborate with Ryder in devising market strategies for the introduction of Ryder’s product suite in the Asian market. DeSpread is confident that leveraging its extensive Web3 network will facilitate Ryder’s alignment with the preferences of Web3 users. Ryder’s Journey to Simplify Web3 Wallet Experience and Collaborative Growth Ryder, an upcoming hardware wallet, strives to simplify the complex user experience encountered by existing web3 wallet…
Deutsche Telekom MMS joins the MultiversX Network as a validator, to verify transactions, create blocks and protect the network from attacks. The Deutsche Telekom partnership will enable fast, secure and cost-effective Web3 applications. Communications giant Deutsche Telekom works with MultiversX for Web3 adoption As a validator, Deutsche Telekom MMS plays an important role. The company ensures that the blockchain network remains secure and trustworthy. The basis for this is Deutsche Telekom’s own multi-cloud strategy, high-performance infrastructure, 24/7 maintenance by experts and a wealth of experience in managed networks. MultiversX has created a highly scalable, efficient and secure blockchain architecture capable…
iSanctuary, which is an investigative agency in Britain, has cracked the whip on money that has been siphoned off and identified the concerned wallets. The agency filed an appeal with the High Court of Singapore and received consent to pin down the wallets. Through the tokenization of legal documents in the form of NFTs, the agency will try to control the situation and prevent any added malpractices with regards to the compromised wallets. The High Court of Singapore has given iSanctuary the go-ahead to connect NFTs with legal documents to the concerned wallets. These NFTs, being one with the wallets,…
The floor price of the NFT Azuki collection, famous for its profile images used by the crypto-community, has risen 47% in the past month. Specifically, the price has risen from 3.7 ETH thirty days ago to the current 5.3 ETH. NFT Azuki and the 47% increase in floor price over the past thirty days NFT Azuki: the price trend of the collection since launch The launch of Elementals NFT Azuki and the 47% increase in floor price over the past thirty days According to CoinGecko‘s platform, it appears that the floor price of the Azuki collection has increased by 47%…
OKX Wallet, a robust and secure cryptocurrency wallet, has announced its integration with Friend3, a cutting-edge social decentralized application (dApp) that is set to transform the social monetization landscape. With this integration, OKX Wallet users can now seamlessly access Friend3 through a web extension, offering them a new way to interact with and profit from the Web3 world. OKX Wallet aims to empower users with a comprehensive, secure, and user-friendly experience in the cryptocurrency space. By integrating with Friend3, it is expanding the utility of the wallet and providing a gateway for its users to explore exciting opportunities in the…
The third quarter of 2023 has been challenging for the non-fungible tokens (NFTs) market, with sales hitting their lowest point since the last quarter of 2020. September alone recorded a dismal sales figure of around $300 million. This downturn is primarily attributed to a significant drop in average sales prices and floor prices of popular collections. The NFT market has been on a downward trajectory, particularly in September, which saw the worst sales figures since January 2021. The average sales price in September plummeted to $38.17, a stark contrast to its peak of $791.84 in August 2021. Collections like Azuki,…
Blockchain technology, originally developed for Bitcoin, is now used in many industries. One such area where blockchain is making a significant impact is education. In this digital age, the secure storage and verification of student records and credentials are paramount. Blockchain is emerging as a game-changer in this regard. What is Blockchain Technology? Before delving into its role in education, let’s briefly understand blockchain technology. Blockchain is a decentralized distributed ledger that records transactions across several computers. It is commonly known as a “chain of blocks,” with each block containing a list of transactions. These blocks are linked chronologically, forming…
