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Blockchain The number of people using blockchain technology is on the rise. Though that is good for the ecosystem, it has proven to be a tricky thing to maneuver. The models for blockchain functioned well in low-pressure settings, but with more users come more challenges. One response has been to create Layer-2 blockchains with their own consensus mechanisms and native tokens. It is the solution? The three most important considerations for a blockchain are security, decentralization, and scalability. Unfortunately, scalability often falls to the wayside in the pursuit of the other two. Ethereum has the capacity to complete 1.5 million…

NFT The nostalgic brand of early 2000s music peer-to-peer file-sharing service LimeWire has been resurrected in Web3, and a quirky music downloading game that plays on its history has been released today. The LimeWire Game simulates an old Windows operating system with the LimeWire software running. Players must enter their email address in order to play. The browser-based game involves pretending to “search” for old music and movies to “download.” Players can search for any musician, song, or movie that was popular in the early 2000s—most will show up in the results. Then, players must pick which items to “download.”…

In what may be a first for the NFT space, pseudonymous CrypToadz creator, Gremplin, has debuted a new burn to redeem NFT minting model. Essentially, offering up 69 ‘An Eye for a Fry’ NFTs on the condition that collectors must first destroy a single Nakamigos NFT to qualify for the drop.The drop, dubbed “AN EYE FOR A FRY,” saw 69 Nakamigos consigned to oblivion in order to mint the new collectibles in just two hours. A time period that also reportedly saw the Nakamigos floor price increase by approximately 15%.On the other hand, the floor price of “Fry Harvesters,” part…

Famous artist Glen Wexler is pushing limits with his new project, “AI on Acid.” Inspired by the fantastic “LSD & Creativity” research of Dr. Oscar Janiger, Wexler blends artificial intelligence with LSD’s mind-opening effects to create incredible, one-of-a-kind art.Just in time to celebrate the 80th anniversary of the discovery of LSD, AI on Acid is set to drop with Nifty Gateway on April 19, 2023. Read on to find out more.Tracing the Origins of AI on AcidDr. Oscar Janiger’s interest in LSD started in 1953 when he first tried it while seeking medical uses for the powerful drug. Fascinated by…

Blockchain XRP Healthcare is embarking on a groundbreaking venture in Africa, leveraging the power of the XRP Ledger (XRPL) to reshape the continent’s healthcare sector. XRP Healthcare recently announced its plans to venture into the African healthcare sector through its subsidiary, XRP Healthcare Africa. The company aims to acquire and merge private healthcare establishments to form a sustainable and premier healthcare network.Founded by Laban and Kain Roomes, XRP Healthcare claims to be the first pharma and healthcare platform based on the XRP Ledger. The XRP Ledger (XRPL) is a decentralized, open-source blockchain platform designed for fast and efficient cross-border transactions.…

Blockchain Financial Institutions including T.Rowe, Wisdom Tree, Wellington Cumberland join layer-1 Avalanche’s (AVAX) Evergreen subnet “Spruce,” to make trade execution and settlements more efficient. Avalanche launched ‘Evergreen Subnets’ earlier this month aimed at offering a suite of blockchain deployments and tooling for financial institutions. Evergreen Subnets are Ethereum Virtual Machine (EVM)-based chains with a permissioned validator set and a custom gas token to power transactions, according to a press release. The traditional finance (TradFi) firms will use Spruce as a testnet for a variety of applications and assets to measure benefits of on-chain trade execution and settlement, the press release…

NFT Non-fungible tokens (NFTs) have taken the art world by storm, with a growing number of artists and musicians looking to tap into the NFT market. One such musician is Rick Ross, who is quickly becoming a leading figure in the NFT space. Ross recently announced his partnership with HitPiece, a music NFT marketplace focused on intellectual property rights for artists and a partnership with Audible Magic.—Ross first made headlines in the NFT world with the launch of his Genesis NFT collection, which features 200 unique NFTs of Rick Ross’ digital avatars. Collectors of these NFTs receive VIP access to…

NFT Popular social platform Reddit has released its third generation non-fungible token (NFT) collection, adding thousands more tokens from over 100 artists. The demand for the collection was intense enough to bring down Reddit’s shop for the avatars for a period following the drop, with some users complaining that the team didn’t implement anti-bot measures such as CAPTCHA. The Gen3 collection, which is “future realities” themed according to a post by Reddit, features “Snoo” collectible avatars, the character behind the platform’s logo. The NFTs are Polygon-based and are available for purchase with fiat currency. According to Reddit, the avatars come…

BNB Chain is a blockchain-powered by BNB that is community-driven, decentralized, and censorship-resistant. It is made up of BNB Beacon Chain and BNB Smart Chain (BSC), both of which are EVM compatible and enable a multi-chain environment. In terms of transaction volume and daily active users, it is the world’s biggest smart contract blockchain. It has handled 3 billion transactions from 200 million unique addresses so far, providing developers with huge user access at very cheap gas fees. TrueUSD is an Ethereum-based stablecoin that is backed 1:1 against the USD, which means that, like today’s popular stablecoins, each unit of…

NFT Trading volume for blue-chip non-fungible token collection CryptoPunks is surging after generating more than $211 million in sales volumes during the last 30 days, according to data from Dune Analytics.That result has put CryptoPunks ahead of the Bored Ape Yacht Club collection, the long-standing leading NFT brand, which has about $75 million in trading volume over the same period, Dune data also shows.The hot-selling CryptoPunks are technically a modified version of the original collection which first went on sale in 2017. These CryptoPunks are considered “wrapped,” as they are each tied to an Ethereum token which makes it possible…