Author: Jeremy Ryan

Blockchain Arbitrum became one of the most utilized LayerZero. The growth of Arbitrum One on Layer Zero has witnessed a significant rise. LayerZero Labs, an omnichain interoperability protocol, has announced that it is now live on the Arbitrum Nova mainnet. The integration allows for ultra-low transaction costs. It increases the adoption of Arbitrum Nova, particularly in the gaming space. LayerZero is now live on @arbitrum Nova mainnet! pic.twitter.com/HX0OHQWdw1 — LayerZero Labs (@LayerZero_Labs) June 7, 2023 According to the report, the LayerZero projects built on the Arbitrum Nova mainnet allow users to seamlessly extend their applications to the 30+ chains in…

Blockchain Decentralizing Ethereum layer-2 solutions has been an ongoing challenge for ecosystem participants, but Figment Capital thinks that distributed sequencer technology (DST) could put an end to this headache. Sequencers are blockchain nodes run by layer-2 solutions to reach consensus. They are a critical tool to help build and propose blocks, and significantly reduce the cost to transact on Ethereum. In today’s ecosystem, layer-2 solutions largely maintain only one sequencer — meaning that it is subject to centralization risks. If rollups end up being centralized systems built on top of a decentralized network, then it defeats the purpose of having…

NFT The past 48 hours have been grim for the crypto industry. On Monday, the Securities and Exchange Commission (SEC) sued crypto exchange Binance and its founder and CEO Changpeng Zhao for allegedly violating federal securities laws. The next day, the SEC filed a lawsuit against Coinbase over similar allegations. Later in the afternoon, the SEC sought to freeze assets related to Binance.US, the exchange’s US-based entity. The crackdown isn’t surprising to some; however, it’s added to the frustration around the lack of policy and regulatory clarity in the United States surrounding crypto. While the lawsuits are so far only…

NFT Global sports apparel company Puma is continuing its foray into Web3 with a sneaker-based collaboration with NBA star LaMelo Ball and the NFT project Gutter Cat Gang. Titled “GutterMelo MB.03,” the limited-edition kicks will initially be sold for $175 via the OpenSea marketplace as an NFT collectible on June 29. The NFT can later be redeemed for the physical sneakers during a month-long window from July 18 through August 20. A Puma representative told Decrypt that the total number of NFTs has yet to be announced. Ball, a young star in the NBA who was drafted third overall in…

NFT While non-fungible token (NFT) trading volumes slumped in May, the adjacent NFT lending space is blooming. And so far, reviews are mixed. NFTfi – an evolving term for technology that sits at the intersection of NFTs and decentralized finance (DeFi) – is on the rise. NFTfi encompasses a range of tools that aim to offer broader utility and liquidity for NFTs, including NFT collateralized loans, fractionalized tokens and renting or lending NFTs. What started as a way to capitalize on the bull run of NFTs in 2021 has recently exploded in popularity as major Web3 players entered the market.…

Alterverse brings us a new beta for Sky City, the central social hub for their metaverse of virtual worlds and games. Offering new zones to explore, 20 mini-games, and various other activities, this closed beta should give us a good preview of the possibilities of the Alterverse ecosystem. Though this is officially called a closed beta for Sky City, there are no real requirements for joining. All you have to do is fill out a basic application with an email address and a name! You can sign up here – https://www.alterverse.com/early-access. The closed beta will run in sessions. One every…

Blockchain Transparency, egalitarianism, and inclusiveness — these are the fundamental principles behind bitcoin (BTC), the software that spawned the rapidly evolving crypto industry. However, with the acceleration of this relatively nascent sector, it has become evident that these values aren’t always fully realized, as underlined during the “Crypto Integrity: Zero Knowledge Protocols and the First Decentralization Index” panel at the recent Money20/20 event. Participants Aggelos Kiayias from the University of Edinburgh and Joel Telper from Input Output Global delved into the critical challenges the industry is grappling with, highlighting the potential of zero-knowledge protocols and the development of a decentralization…

NFT This week has seen Noel Gallagher’s High Flying Birds—the current band of the famed Oasis rocker—locked in a battle with the Foo Fighters in a bid to top the Official UK Album Charts. And now Gallagher is turning to music NFTs to potentially help close the gap between them. Noel Gallagher released “Council Skies,” his fourth studio album with the High Flying Birds, last Friday, June 2—the same day that the Foo Fighters dropped “But Here We Are,” their first album since the tragic passing of drummer Taylor Hawkins. In a midweek update shared yesterday by the Official Charts…

In a world where creativity knows no bounds, digital art has emerged as a powerful medium of expression. From stunning paintings to mesmerizing animations, the possibilities are endless. But what good is art if it remains hidden away in the depths of the digital realm? It’s time to break free from the confines and embrace the beauty of NFT collections like never before. Imagine walking through the hallowed halls of the Louvre or The Museum of Modern Art, gazing upon masterpieces that have captivated audiences for centuries. Now, envision a virtual gallery where those same emotions and experiences can be…

Blockchain Ethereum Name Service is set to support a web domain called .box that can be routed on web browsers, just like any conventional internet domain. The .box name, or Top-Level Domain, originates from a project named My.Box. According to Nick Johnson, the founder and lead developer of ENS, it will be the first blockchain-based internet name service to be rolled out for Ethereum users and enabled by the ENS protocol. Notably, My.Box will allow domains to be used for both crypto and internet services, such as email. “We are delighted to have .box as the pioneer of blockchain-native DNS-routable…