Author: Jeremy Ryan

Understanding the difference between the front and back end is crucial with Web3 technology. The term “front end” describes the portion of Web3 applications that consumers interact with directly. This includes the technology’s user-facing side, websites and decentralized applications (DApps). The back end, on the other hand, refers to the complex system that supports these Web3 applications. Everything from distributed ledgers and smart contracts to consensus protocols is included here. However, accessibility and simplicity are important for the adoption of Web3. When the technical complexities of Web3 are too prominently featured on the front end — such as managing cryptographic…

Techtics Engineering, a hardware vendor that supports decentralised physical infrastructure networks (DePINs), joined the peaqosystem. This partnership aims to address DePIN creators’ hardware expertise gap. Techtics Engineering wants to become a major player in the peaqosystem to help DePINs with hardware. This initiative aims to empower DePINs by giving them the expertise and tools to create custom devices for their projects. Customised hardware solutions optimise efficacy, save costs, and considerably increase DePIN scalability. Peaq DePINs Take Center Stage in Web3 as Market Focus Shifts from NFTs Decentralised physical infrastructure networks (DePIN) have emerged in Web3. It has shifted attention from…

It has become increasingly clear that stablecoins have become the dominant means of transaction settlement on public blockchains, at the exclusion of native cryptoassets (like Bitcoin/Ether). This wasn’t in the plan of the architects of these blockchains or their communities. On-chain data supports this observation: Stablecoins represent approximately 10% of the total crypto market cap, but they account for around 70%-80% of transactional value settled on blockchains, according to data presented by Nic Carter at Token2049 (a crypto event in which our company was a sponsor of). While most metrics show a stagnation of interest and usage for major crypto…

10101.art, an art tokenization company, will launch a new blockchain platform that allows users to own legendary physical art masterpieces created by popular artists such as Picasso, Dali, Banksy, Warhol, and many others. Users will be able to purchase ‘each piece’ as a fragment using tokenized digital asset technology. Each NFT will be assigned to these fragments, allowing ownership to be distributed among many individuals. Individuals holding a piece of this digital puzzle and a certificate attesting to their ownership rights to the actual physical object introduce a “novel dimension” to ownership, where co-ownership becomes predominant. By utilizing blockchain technology,…

PancakeSwap, a leading multi-chain decentralized exchange (DEX), is branching into blockchain gaming. A newly launched initiative, the PancakeSwap Gaming Marketplace, marks the platform’s venture into the play-to-earn sector.PancakeSwap Gaming Marketplace Featured GamesTo kick off the launch, PancakeSwap is featuring two games on its marketplace—’Pancake Protectors’ and ‘Pancake Mayor’. Both games cleverly incorporate PancakeSwap’s distinctive CAKE token and NFTs.‘Pancake Protectors’ is a tower defense game, developed in partnership with Mobox. The game allows users to win CAKE tokens, creating an engaging play-to-earn dynamic. Its popularity has seen a rapid surge, attracting over 25,000 daily players at its peak.‘Pancake Mayor‘, the second…

Major soccer club Paris Saint-Germain F.C. and avant-garde fashion brand Blvck Paris are teaming up for an exclusive new collaboration fusing sports, fashion, and digital artistry, the companies announced in a joint press release Wednesday. The collection includes physical apparel, but is led first by a digital fashion drop via NFTs, initially through an exclusive launch on the Crypto.com marketplace. The NFTs will enable early access to purchase the physical gear, along with other potential benefits for holders. Offering 1,000 total NFTs at $50 apiece, Crypto.com notes that 10% of the collectibles are special edition NFTs that can be redeemed…

One of the core value propositions of blockchain technology is its resilience, which follows from decentralized and redundant infrastructure. Yet components vital to the everyday use of crypto rails, such as RPC nodes, often still rely on a centralized architecture, making them vulnerable. To address this, Infura, a leading Web3 API provider and a part of Consensys, revealed its collaboration with 18 major internet infrastructure companies, including Microsoft and Tencent Cloud. This alliance, kicked off at Devconnect in Istanbul, aims to establish the Decentralized Infrastructure Network (DIN). DIN, described as a decentralized RPC-as-a-service, is a new venture that provides developers…

The Rise of the RangersUpon entering Phantom Galaxies, players will find themselves merged into the role of a Ranger: a tactful mecha pilot responsible for guarding human colonies on the outskirts of the galaxy. Four mecha classes are available — ‘Lancer’, ‘Assault’, ‘Breacher’ and ‘Buster’ — each boasting the ability to alternate between ‘Humanoid’ and ‘Starfighter’ forms. The narrative of the game propels players into battles with diverse groups spanning across planetary and space surfaces. To enhance the chances of success, players can customize their capabilities through a variety of equipment, including weapons and parts. Although the game currently represents a fraction…

ORLANDO – Kinto, the 100% KYC’ed Layer 2 blockchain capable of supporting both modern financial institutions and decentralized protocols, has secured $5 million in funding to propel its mission as a fully secure and compliant blockchain for financial applications on the Ethereum network.—This significant funding round, backed by Kyber Crypto Capital (a SALT family venture fund), Spartan Group, and Parafi, positions Kinto as a pioneering player in the blockchain space, emphasizing the crucial role of KYC (Know Your Customer) and AML (Anti-Money Laundering) compliance in bridging the gap between traditional financial institutions and the decentralized finance (DeFi) world. Kinto is…

HSBC has become the second client to go live on the newly launched repo solution on Broadridge’s Distributed Ledger, launched in October. The lender is leveraging distributed ledger technology and smart contracts to achieve efficiency in its operations. According to the company, it reduces settlement costs, enhances scalability, and decreases operational risks among financial institutions. Horacio Barakat, the Head of Digital Innovation at Broadridge, mentioned: “This marks another significant milestone in our journey to revolutionize global repo market infrastructure, underscoring the immense value and transformative potential of DLR. We are equipping financial institutions with the capability to lower risks and…