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Boston, USA — Vechain, a prominent L1 public blockchain, has unveiled the winners of its sustainability-themed hackathon, a 36-hour marathon hosted at Harvard University in partnership with Web3 educational app, EasyA, and global consulting firm, Boston Consulting Group (BCG).—Vechain Track Winner: Movelo, creators of a “move-to-earn” application that allows companies to sponsor and reward users for sustainable transportation choices such as walking, biking, or ride-sharing.BCG Track Winner: FiTag, developers of a luxury fashion tracking iOS app promoting supply chain transparency through blockchain and NFC tags, digital twins, loyalty-program NFTs, and AR shopping.’Shark Tank’ Pitchathon Track Winner: PropelPixel, the brains behind…

Bitget Wallet, known as Bitkeep, a non-custodial wallet solution, has announced a new partnership with Sunflower Land. The partnership between Bitget Wallet and Sunflower Land aims to provide an immersive and innovative gaming experience for crypto enthusiasts. ????x???? #BitgetWallet is thrilled to announce our collaboration with @0xSunflowerLand!????‍???? Discover Sunflower Land, gather resources, earn SFL and expand your land! There is a robust ecosystem of crops, fruit, animals, crafting, cooking, tools, and fishing for you to master!????… pic.twitter.com/Evq2dYxMoX — Bitget Wallet (Formerly BitKeep) (@BitgetWallet) October 9, 2023 The companies aim to create a synergy between the crypto and gaming industries and…

Decentralized stablecoin protocol Reserve has launched on the Coinbase-incubated Layer 2 network Base, its first deployment beyond the Ethereum mainnet, according to a statement. The protocol holds a total value locked of $24 million on Ethereum. The move enables users to create their own “RTokens” — decentralized stablecoins, flatcoins (pegged to the cost of living) or tokenized indices — using Reserve’s Asset Backed Currency Factory on the cheaper Layer 2 network. These assets are backed by overcollateralized baskets of Ethereum-compatible ERC-20 tokens. Reserve’s collateral options on Ethereum and Base include major stablecoins, ether and wrapped bitcoin, on their own or…

With great power — and decentralization — comes great responsibility. Creators of a blockchain project have many decisions to make, among them which consensus mechanism to employ. As with so much in crypto, there’s no singular “industrywide” solution or preference, and there are multiple details to review when making the choice. While security and reliability are always top priorities, forward-looking blockchain projects must take both project-specific details and evolving trends into consideration before making a final decision. Below, nine members of Cointelegraph Innovation Circle discuss factors a blockchain project should consider when choosing a consensus mechanism and why they can…

Nouns DAO executed a so-called fork last month following disgruntlement with the DAO’s freewheeling spending habits. After a proposal went live which would force Nouns to keep spending its treasury, the DAO forked a second time. Nouns DAO, which mints one NFT every day and uses the funds to advertise the project, instituted forking in May as a form of minority protection. So far, 62 Nouns, or about 20% of treasury’s holdings, have joined the fork, which finalizes Wednesday morning. The early outflows totaled 2035.49 ether, worth around $3.2 million at the time of writing, and will add to the…

In a questionable turn of events, a CrypToadz NFT — typically marked with a price tag of around $1,000 — switched hands on OpenSea yesterday for a mighty $1.6 million (1,055 WETH), leading the secondary marketplace to generate $40,000 on the 2.5% transaction fee.Many NFT enthusiasts are scratching their heads concerning this transaction. Just a fortnight prior to its record-breaking sale, the CrypToadz NFT was acquired for $1,600 (0.95 ETH). The question echoing throughout the crypto sphere is, “Why?” — why would someone purchase an asset for nearly 1,000 times more than its initial cost with no apparent reason for doing so? Source: OpenSeaSpeculations…

As more layer-2 solutions emerge, Ethereum is losing its dominance as the main network for on-chain activities. Activity across layer-2 networks is booming as transactions on these products accounted for more than 60% of all Ethereum activity in Q3, 2023. According to data from Messari, Coinbase’s Base network in a moment was doing “more transactions than Ethereum Mainnet.” You might also like: As per Messari’s calculations, other layer-2 networks saw a lot of growth over the past quarter as well, with Optimism seeing a 40% increase in transactions. However, this surge of activity also had side effects for the others:…

Spencer Ventures is set to acquire 144 Pudgy Penguin NFTs from the art collection of the now-defunct crypto hedge fund Three Arrows Capital. The institutionally backed venture capital fund struck a deal a few weeks ago priced in the “mid six figures” with Sotheby’s, the art auction house responsible for selling off 3AC’s NFT portfolio. Spencer Ventures will receive 48 Pudgy Penguin NFTs, visible in the Sotheby’s wallet. One of them has the ultra-rare ice crown, and the best offer for that collectible on OpenSea is 6.6 wrapped ether, or nearly $10,500. Also included in the purchase are 48 Pudgy…

SubQuery, a prominent blockchain developer, just announced its full integration of zkSync Era. Developers in the zkSync Era deserve credit for integrating SubQuery’s improved data indexing. This integration could boost workflow, efficiency, and blockchain adoption. SubQuery Offers Comprehensive Indexing Solutions for zkSync Era Advanced Ethereum layer-2 scaling solution zkSync Era uses ZK-rollup technology. This unique solution enhances transaction efficiency, cost-efficiency, and security, overcoming significant blockchain technology challenges. Developers using zkSync Era can use SubQuery’s adaptive, fast, open, and decentralized data indexing solution. This integration gives blockchain developers tools to manage and query on-chain data for protocols and apps. SubQuery simplifies…

The TRON dataset has been added to Google Cloud’s expanding roster of public blockchain datasets available in BigQuery. Google Cloud’s BigQuery is a fully-managed, serverless data warehouse that enables fast SQL queries using the processing power of Google’s infrastructure. It allows users to analyze large datasets in real-time by leveraging the power of Google Cloud’s infrastructure and machine learning capabilities. As part of its extensive suite of tools, BigQuery provides seamless integration with various data visualization tools and easy data importing from multiple sources. Over the years, this endeavor has consistently adapted to cater to the dynamic needs of the…