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Blockchain According to a new report published by Singaporean venture capital firm Foresight Ventures, the cost of decentralized file storage on blockchains such as Filecoin, Arweave, Swarm, StorJ, and Sia currently ranges from near zero to $4 per terabyte (TB) per month. This is much lower than traditional Web2 services such as Amazon Cloud or Microsoft Azure, where prices can range from $16 to $23 per TB of monthly storage. However, the report also outlined other costs associated with decentralized storage, such as data upload fees and retrieval fees, the latter of which can amount to $7 per TB. Some…

Blockchain LayerZero, an omnichain interoperability protocol, has been launched on the zkSync Era mainnet. The protocol offers a messaging system that enables developers building on zkSync to extend their application to over 30 supported chains. The new chains keep coming!LayerZero is now live on @zksync Era mainnet. pic.twitter.com/dkZyKHHYjS — LayerZero Labs (@LayerZero_Labs) April 27, 2023 Furthermore, projects that are already built on LayerZero can easily expand to zkSync. The protocol offers authentic and guaranteed message delivery with configurable trustlessness, allowing for lightweight message passing across chains. LayerZero has committed to continuously evaluating and improving security, and as a result, it…

After very disappointing results from their land sale last month, Chainmonsters announced today that they were pausing development. Many new games were launched in the play to earn heyday of early 2021, but unfortunately, not all will survive and thrive. Among all of the news about new mints, alphas, releases, and other signs of a gowing web3 gaming scene, there is sometimes also sad news. In this case, it’s the demise of Chainmonsters, a Pokemon styled game. Launched with a Genesis sale back in 2021, Chainmonsters has been unable to raise any additional venture capital funding over the past two…

Blockchain The county of Santa Cruz in northern California is one of the latest to adopt and implement the usage of blockchain-based solutions on a governmental level. In a meeting of the Board of Supervisors for the County of Santa Cruz held on April 25, the members unanimously decided to go forward with implementing the usage of digital wallets, for government services and official documentation purposes. According to the final consensus of the meeting, the white-label digital wallet powered by HUMBL will launch a 3-stage pilot program starting in July 2023. Beta testers during the pilot period will be mobile…

NFT The neobank Cogni has announced that it is rolling out soulbound nonfungible tokens containing Know Your Customer (KYC) information to holders of its crypto wallet. The Polygon-based NFT will transfer customers’ “Web2” KYC verification done by the bank at account opening into a Web3 environment. Cogni, which has United States Federal Deposit Insurance Corporation coverage through a traditional New York bank, introduced its noncustodial multichain crypto wallet in January. Users can send, receive and hold cryptocurrencies and NFTs in the wallet. Users can optionally mint the nontransferable soulbound NFT, which decentralized apps (DApps) can then decrypt with the owner’s…

Blockchain According to 2021 data, the blockchain market is predicted to expand by 68.4% by 2026. Businesses have embraced blockchain technology, with 80% of senior executives believing the technology will go mainstream. However, businesses, developers, and users need appropriate blockchain education and implementation strategies to achieve this. This is because they expose their blockchain projects to security risks without proper implementation strategies that consider architectural intricacies. Layer 0 blockchains like Venom are lauded for their high-end operational scalability and flexibility while enhancing security. But like every relatively new technology, Layer 0 features potential security challenges. This article discusses Layer 0…

NFT y00ts and DeGods are making giant strides in the market with back-to-back integrations. The NFT community and collection recently announced joining hands with Polygon and Ethereum. Thus, users can now enjoy non-custodial staking for both y00ts on Polygon and for DeGods on Ethereum. y00ts released an official string of tweets to inform users about the announcement. The tweets stated that non-custodial staking would impose some jurisdictions, including: Users can keep the NFTs in their wallets but remain frozen by the contract. NFT cannot be traded or transferred without being unfrozen or unstacked. Token-gated apps and experiences will work (for…

Blockchain Dymension is a blockchain startup building a network of easily deployable modular blockchains called RollApps. Dymension has partnered with Evmos Core Teams and Celestia. The three have launched the world’s first-ever IBC-enabled EVM rollup on testnet. Dymension has announced its collaboration with Celestia and Evmos Core Teams to launch the world’s first-ever IBC-enabled EVM rollup on testnet. Dymension has built-in rollups technology for scalability and it is creating an ecosystem of easily deployable and lighting-fast RollApps that any developer can use to build and deploy in order to scale their decentralized applications. IBC-enabled EVM rollup The IBC-enabled EVM RollApp…

Blockchain Volume on the Stargate cross-chain bridge has surged by 30% in the past 24-hours as investors attempt to meet the criteria for a rumored LayerZero airdrop. Data from DefiLlama shows that activity on Stargate (STG) has also seen a significant uptick over the past five weeks, with the protocol announcing that it surpassed $1 billion in monthly volume for the first time earlier this month. Stargate is a gateway to LayerZero and is responsible for the majority of capital flowing into the protocol. Trading volume for STG has also jumped by 95% in the past 24-hours. At the time…

New NFT collection on the block(chain), The Mad Lads, recently outwitted bots during its project mint by luring them into spending over $250,000 in $SOL on counterfeit NFTs. By employing this ingenious tactic, the Mad Lads team ensured that authentic participants could access the scarce NFT supply while opportunists seeking a quick profit were left empty-handed.Armani Ferrante, the CEO of Coral, the company behind the project, shared how Mad Lads chose to confront bot attacks to protect its NFT drop. The situation escalated during the public mint on Friday, April 21st, when billions of bot requests through the Backpack crypto…