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Blockchain Securitize, a blockchain firm that specializes in tokenizing real-world assets, launched a new feeder fund that offers tokenized exposure on Polygon to a private credit fund from asset manager Hamilton Lane. The new tokenized fund, which will feed into Hamilton Lane’s Senior Credit Opportunities Fund, aims to broaden access to senior private credit that’s typically been a stable strategy though volatile markets, Securitize said in a statement. Dubbed SCOPE, the Hamilton Lane fund targets floating-rate, senior secured loans and generally invests in privately-held assets in sectors including health care, information technology and business services. The feeder fund is the…

Blockchain An engineer at the Bitcoin-focused development firm Blockstream has said she sees a “Cambrian explosion” coming for the development of layer 2 technologies on the Bitcoin network. The rapid growth eyed for layer 2 technologies will in part be fueled by coming updates such as Bitcoin Improvement Proposal (BIP) 118, known as SIGHASH_ANYPREVOUT, or APO for short, as well as a new programming language for Bitcoin smart contracts called Simplicity, Blockstream engineer Lisa Neigut said at the Consensus 2023 conference. “APO is going to, hopefully, unlock a Cambrian explosion with these script updates and new covenants,” Neigut said, while…

Blockchain Just like most of the most advanced blockchain protocols in the industry, the Tenet Blockchain grants users the flexibility they need to thrive on the L1 outfit. Tenet, a brand-new layer-1 blockchain protocol has announced the launch of its testnet, creating a conduit to build on the potential of Liquid Staking Derivatives (LSD) protocols. As contained in a press release shared with Coinspeaker, the Tenet protocol is emerging from its stealth mode, making it possible for developers to interact and experiment with the protocol. There are thousands of blockchain protocols around today, each with its own unique value proposition.…

Blockchain Solana Labs founder Anatoly Yakovenko said he remains unfazed about the prospects for the Solana blockchain in an increasingly competitive landscape. At least six blockchain networks are on track to be launched in the coming months, adding to the more than 50 layer 1 mainnets already active. In just the past two weeks both zkSync and Sui Network have started operations. Forthcoming projects such as Scroll, Coinbase-backed Base and ConsenSys-backed Linea are gaining traction among developers. All are flush with capital to fund development activity and marketing, potentially cutting into the market share of existing networks such as Solana.…

Blockchain Maximum extractable value (MEV) refers to all of the money that can be extracted by reordering, viewing, adding, including, or excluding transactions within a block. The vast majority of MEV occurs via decentralized exchanges (DEXs) like Uniswap. In all financial markets, the order of transactions is one of the most important determinants of price — think quants who colocate nearby exchange servers with fiber optic cables to ensure their orders fill first. Very often, discussions of MEV include the parties responsible for confirming transactions for ERC-20 tokens on Ethereum, which can come with issues such as validators being complicit…

Blockchain Nigeria’s government approved a national blockchain policy on Wednesday as part of the country’s effort to transition to a digital economy. The Federal Ministry of Communications and Digital Economy developed the policy, according to a statement tweeted by the ministry. “The vision of the Policy is to create a Blockchain-powered economy that supports secure transactions, data sharing, and value exchange between people, businesses, and Government, thereby enhancing innovation, trust, growth, and prosperity for all,” the statement said. The policy document doesn’t appear to have been made public yet. The tweet did not mention cryptocurrencies, which the government cracked down…

World-renowned auction house, Sotheby’s, has embraced the digital art revolution by launching a peer-to-peer secondary NFT marketplace. This pioneering platform aims to redefine the art market, providing state-of-the-art opportunities for collectors and artists to transact and interact in the Web3 arena.Sotheby’s boasts a 275-year history in the art world, and this expansion into the Metaverse is another example of how the iconic auction house dedicates itself to being at the vanguard of the art world, embracing innovation and adapting to the ever-changing landscape.The next evolution of #SothebysMetaverse is here! The most trusted and dynamic destination to collect, buy and sell…

NFT NFT Inspect has announced two new members of its Community Council. The Web3 social intelligence platform is well positioned to grow its 100k plus global community with new hirings and strategic investments. A thriving Web3 social intelligence platform NFT Inspect continues to build next-generation infrastructure to help users connect with their favorite NFT community and analyze communication growth. In a recent development, NFT Inspect has secured strategic funding from Ghost Foundation, the investment and management arm of Ghost Kid DAO. With the Ghost Kid DAO added to the NFT Inspect portfolio, the project is poised to benefit from that…

The Bugatti Group, a leading travel bags manufacturer in North America, unveiled a program to revolutionize Web3 adoption. They’re leveraging blockchain technology to collaborate with Web3 projects and create Official Customizable Limited-Edition products. Quick Take: Bugatti Group merges Web2 and Web3 by partnering with top blockchain projects for exclusive, limited-edition products. Token-gated stores allow Web3 communities to launch and personalize products using their own NFTs, adding value and exclusivity. Bugatti’s vision: mainstream Web3 adoption with branded luggage in airports worldwide, showcasing their leadership in the space. The program aims to offer unique partnership opportunities for Web3 projects and transform the…

NFT On Tuesday, Theta Network and The Squad announced MetaCannes, a Web3 film festival. But why do we need one? And can it hope to compete with the most famous annual film festival in the world? The traditional film industry is renowned for its exuberant award ceremonies and festivals. Now Web3 has its own version, MetaCannes. A festival of film that will take place at the same time as the Cannes Film Festival, from May 16 to May 29, 2023. The project is a collaboration between the Theta Network blockchain and Web3 studio, The Squad. The Idea Behind MetaCannes Why…