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Key Takeaways IOV Labs has announced notable advancements for the Rootstock Infrastructure Framework (RIF) and Rootstock sidechain at the 2023 annual Consensus event in Austin, Texas. IOV Labs’ investment in the Rootstock strategic grants program and RIF developments reflect the company’s commitment to supporting the development of a decentralized financial ecosystem through open-source tools and community effort. Tim Paymans, the VP Product at IOV Labs, has just disclosed notable advancements for the Rootstock Infrastructure Framework (RIF) and Rootstock sidechain that is focused at enabling further growth. According to an official press release today, the announcement was made at the 2023…

NFT Mad Lads is the biggest thing in NFTs right now, as the Solana profile picture (PFP) project overcame alleged extortion threats and DDOS attacks to mint out last week—and has generated over $15 million worth of trading volume since. It’s a bright spot for the Solana world after some rough months. Solana’s token and vibes were rocked by the collapse of exchange FTX and the downfall of close ally Sam Bankman-Fried in November. And then in December, the creator of Solana’s prominent NFT projects DeGods and y00ts announced that both would leave for other chains, which ultimately happened in…

NFT AUSTIN, Texas — Erick Calderon, the co-founder of Art Blocks, tried to turn down the heat on the battle around non-fungible token (NFT) creator royalties at CoinDesk’s Consensus Festival. He made his own opinion on the matter clear, however: According to Calderon, royalties “let the creator keep creating.” Art Blocks is an NFT collection and organization focused on generative art – artwork that is generated autonomously according to rules set by its creator. (In the context of NFTs, the term usually refers to art that’s generated by computer programs that are made to live on blockchains.) Recently, Art Blocks…

NFT Brands big and small across a wide array of industries have entered the NFT world, ranging from Starbucks and Nike to Charmin and Taco Bell. And today, U.S. convenience store chain QuikTrip joined the fray with the debut of a free mint of digital collectibles. Launched to commemorate the chain’s 1,000th store, QuikTrip announced a free drop of 1,000 Ethereum NFTs, each featuring a cartoonish “QT” character with randomly generated visual elements and the same red shirt as store employees. Some are even chomping on hot dogs, burgers, veggie wraps, and other quick eats that are available from the…

Blockchain The team behind Lens, a Web3 social media protocol, has announced the launch of a new “layer 3” network to scale blockchain social media apps. Called “Bonzai,” the new network processes and stores posts, comments, and shares, taking this data off the Polygon network and thereby increasing scalability for Lens, according to an April 26 announcement viewed by Cointelegraph. Introducing Bonsai, an Optimistic L3 scaling solution, that will process transactions at hyperscale, and is designed to support the next generation of web3 social users.Available for Lens devs in closed beta today. pic.twitter.com/AaqfikZWxT — Lens Protocol (@LensProtocol) April 26, 2023…

Blockchain Cata Labs, a blockchain infrastructure startup, has raised $4.2 million in seed funding at a “mid-eight figure valuation,” the company announced Wednesday. The fundraising round, which closed in March, was led by crypto venture-capital firm Spartan Group and included participation from Robot Ventures, Maven 11, Alchemy Ventures, HashKey Capital, Circle Ventures and Superscrypt, among others. Cata Labs is building Catalyst, a cross-chain bridge that aims to make it easier for blockchains to communicate with each other. At present, popular layer 1 blockchains such as Ethereum and Solana cannot easily transact with other blockchains, creating a spurt in bridging projects…

Blockchain AUSTIN, Texas — Social networking app MeWe is adopting the Frequency blockchain, built on Polkadot, to bring self-sovereign blockchain-based identities to its 20 million users, the MeWe team announced at Consensus 2023 here on Wednesday. The integration will allow MeWe’s users to take control of their identity data and act as a foundation for controlling the data they have on social networks, the blockchain firm said. Social networks create the so-called social graph to map the interconnection of relationships between people, things and interests. This key information mostly remains in the hands of big tech companies, and it is…

NFT MetaWorks is selling the international right to the 2021 non-fungible token (NFT) movie Zero Contact, starring Anthony Hopkins. MetaWorks, the metaverse development platform, has done a deal with Opus One Pictures to sell the international rights of Zero Contact. Zero Contact, the First NFT Movie Shot during the COVID-19 pandemic, the moviemakers claim that it is the first full-length NFT movie. BeInCrypto reported in July 2021 that the movie premiered exclusively as an NFT on the blockchain movie streaming service VUELE. Scott Gallagher, the president of MetaWorks, told GlobeNewswire, “Zero Contact is an important film from both a technology…

beginner With Bitcoin soaring in popularity and value since the 2010s, many investors are asking themselves whether they have missed their chance to get a piece of this digital pie or not yet. Now is definitely an exciting time for those interested in buying Bitcoin as its price continues to shed on a monthly basis. And here’s the good news: no, it’s not too late to invest in Bitcoin! But this loud statement needs to be clarified. To decide whether or not it is a good idea for you personally to invest in Bitcoin right now, we suggest you read…

Currently still in alpha testing, Eternal Dragons expands their potential playerbase with a new mobile app release! With play and earn leaderboards already available in this strategic auto-battler, the new mobile version may result in a noticeable increase in the number of active players. Web3 gaming companies continue to make moves to claim their share of the lucrative mobile market. Eternal Dragons brings us a new mobile app, available for Android devices. You can download it here. The alpha is free to play and also runs in a browser if you don’t have an Android or don’t want to install…