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On May 10, a tweet from Elon Musk yet again demonstrated the sway that esteemed luminaries have on the Web3 market. The business tycoon’s shoutout catapulted the value and popularity of the Milady Makers NFT collection to dizzy new heights. As a result, the entry-level price of the collectibles shot up from 3.8 ETH to 7.3 ETH, despite ETH itself not doing so hot.The CEO of Tesla and Twitter delighted Milady’s fanbase and piqued the curiosity of Web3 novice Twitter fans by showcasing one of the NFT memes adorned with the text, “There is no meme, I love you”.pic.twitter.com/4s6HwnCY74— Elon Musk…

Imagine entering a world where you’re not just a spectator but an integral part of the storyline, a place where you own and control digital assets that evolve and interact. Welcome to Otherside, the innovative leap into the future by Yuga Labs, the brains behind the sensational Bored Ape Yacht Club (BAYC). Understanding the Otherside ProjectOtherside is more than just another extension to the Bored Ape NFT ecosystem; it’s an entirely new venture. It’s an MMORPG (Massively Multiplayer Online Role-Playing Game) connected to the BAYC ecosystem. In this innovative virtual world, players will not only own land but also transform their…

Mini-Royale brings a new create and earn system to their user base. You don’t even need to be a player. Anyone with the eye and skill to create cool, custom skins can earn money by selling them in-game! It’s the time for modders in Mini-Royale as they open up a new create and earn system. This system allows users to create custom skins for the game’s characters and weapons, and receive a percentage of the sales income! Getting paid as a modder is not always easy in the world of regular gaming. But web3 gaming is breaking those old molds…

Blockchain Neo is joining the KaratDAO ecosystem by becoming a data validator. KaratDAO is a decentralized identity and data network that aims to bridge Web2 and Web3 by leveraging multi-party computation and zero-knowledge proof technology. The KaratDAO team seeks to establish a new Web3 standard called W3Auth, which emulates OAuth. OAuth is an open Web2 standard that provides seamless access to websites or applications via simple identity verification and account authentication. For example, when signing into a new web application, an individual can use their Google account to onboard quickly. Instead of storing user information on a central server, W3Auth…

Blockchain In recent years, both blockchain technology and cloud computing have been two notable trends shaping the digital landscape. Blockchain, which originated as the underlying technology for cryptocurrencies, has evolved into a versatile solution that can support various use cases beyond finance. Meanwhile, cloud computing has changed the way businesses and individuals utilize and store data, enabling them to access vast amounts of computing resources without having to invest in on-premises infrastructure. While blockchain and cloud computing may seem like two distinct technologies, they share some common features and complementary strengths. Both technologies offer transparency, security, and scalability, and can…

Power of Women’s exciting NFT debut includes a special drop: ‘The Mother & Child’ by Leah Ibrahim Sams and the iconic AI artist Lilyillo. The collectibles are inspired by their creators’ own mothers, making a perfect gift for this Mother’s Day! Power of Women makes an emotional debut on the NFT scene with a Mother’s Day drop. ‘Mother & Child’: What Should You Know About The Mother’s Day Drop? The new NFT project Power of Women celebrates this Mother’s Day with a heartwarming drop on the Tezos blockchain. Their two collectibles shed a new light on the unique bond between…

Blockchain The Federal Reserve’s forthcoming instant payment service FedNow will be integrated with Metal Blockchain, according to a May 11 announcement from the Metal Blockchain team. The announcement said that the integration will allow Metal users to instantly convert funds to stablecoin and back again using FedNow’s “send/receive” function. FedNow is an instant payment system developed by the United States Federal Reserve. It allows for round-the-clock, near-instant payments between banks. Currently, U.S. residents can only make instant payments domestically through third-party apps such as PayPal and Venmo or crypto wallets. The Federal Reserve has stated that the new service will…

NFT With millions of albums sold and a sizable global following, heavy metal band Avenged Sevenfold is arguably the largest music act building in the Web3 space today—from launching its own NFT-based club to helping ticketing giant Ticketmaster roll out token-gated ticket sales. Avenged Sevenfold frontman Matt Sanders (a.k.a. M. Shadows), himself an avid NFT collector and CryptoPunks and Bored Ape Yacht Club member, recently joined Decrypt’s gm podcast. He detailed how the long-running band first embraced NFTs and why it continues to build with the tech despite up-and-down hype and a volatile market. Sanders described the push as a…

NFT Unlocking the Potential of NFTs with Token-Bound Accounts The rise of Non-Fungible Tokens (NFTs) has revolutionized the world of blockchain-based digital assets, with the ERC-721 standard paving the way for a multitude of unique use cases. However, one significant limitation of ERC-721 tokens is their limited traceability. This makes it challenging to verify the authenticity and ownership of the asset, which can be a problem in the case of high-value transactions. Another limitation is the lack of composability, meaning users cannot embed additional utility on top of existing NFTs. This leaves room for more innovation as new use cases…

NFT The prominent decentralized and secure blockchain network MultiversX has begun a partnership with JewelSwap (a peer-to-pool NFT lending liquidity platform). As announced by MultiversX, JewelSwap remained effective in deploying several products on the platform. While discussing the purpose of the respective move, the platform mentioned that this was done to increase the NFT value as well as utility. JewelSwap Installs Several Products on MultiversX to Enhance NFT-based Use Cases of DeFi MultiversX additionally noted that this development will play a significant role in bringing about an expansion in the opportunities related to the decentralized finance (DeFi) sector. Apart from…