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A US judge has dismissed a lawsuit involving the highly priced ‘Quantum’ NFT after deeming it a desperate attempt to cheat a genuine artist out of his work. The dispute surrounded ownership, as the plaintiff sought to determine if blockchain provenance truly guaranteed digital asset ownership.The ruling took place on March 17, and involved Free Holdings, a Canadian company, versus Kevin McCoy, a digital artist behind the ‘Quantum’ NFT. McCoy used code to create the NFT back in 2014, which represents an abstract of the ongoing cycle of birth, death, and rebirth.However, the blockchain system he used to store the…

Blockchain Interbank cooperative SWIFT announced the successful completion of its blockchain-based solution to reduce the costs associated with corporate actions. The Society for Worldwide Interbank Financial Telecommunications (SWIFT) announced that it successfully concluded an experimental solution to reduce the costly frictions associated with corporate actions. In partnership with 6 leading securities players, including @AmericanCentury, @Citi & @NorthernTrust, we’ve successfully trialled an innovative #blockchain solution to reduce costs & frictions in corporate actions. Check out the pilot results & next steps: https://t.co/8PFjKaNZo0 pic.twitter.com/kYO9koXLlN — Swift (@swiftcommunity) March 23, 2023 Together with six leading securities industry participants, including Citi, Northern Trust and…

Blockchain A large-scale FUD campaign targeted the Shiba Inu ecosystem following speculations that the Shibarium code was an exact clone of Rinia. Shiba Inu’s Shibarium developers have officially changed the Chain ID of the Shibarium testnet to address circulating FUD that had erupted on the heels of speculations that the Shibarium testnet code was a copycat of the Rinia network. Pseudonymous Unification validator Ringoshi Toitsu called public attention to the development through his Twitter handle today, sharing a snapshot of the reviewed Chain ID. BREAKING — #Shibarium Testnet Chain ID has officially been updated from 917 to 719! ????#ShibariumBeta #Unification…

NFT The metaverse platform Degentraland shared a Twitter thread on March 23, commenting on the necessity and immediacy of developing on-chain reputation scores for NFT projects. Notably, the platform tweeted that the significance of the reputation scores would grow further: NFT projects should develop on-chain reputation scores ASAPBeing a highly valued member in the @BoredApeYC or @Azuki communities matters more than having a Stanford MBA in many contextsIt will likely continue to grow in importanceFirst mover advantage matters here. A lot. — Degentraland (@Degentraland) March 23, 2023 Further, Degnetraland referred to the Bored Ape Yacht Club (BAYC), the unique collection…

NFT The classic fictional character Tarzan is swinging from the African jungle into Web3 via a new multi-year licensing deal between digital fashion studio XLABEL and the estate of the character’s original creator, Edgar Rice Burroughs. No, Disney is not involved. And this Tarzan has a different vibe than some past portrayals—so you might see him in some surprising new settings. Australia-based XLABEL and Ethereum NFT marketplace X2Y2 will launch a 9,999-token Tarzan: Lord of the Apes NFT collection for 0.05 ETH (about $90) each on March 28 for people added to an allowlist, with a public sale to follow…

Blockchain Universal Pictures is scratching its blockchain itch again with the new Dracula movie “Renfield” that stars Oscar-winning actor Nicolas Cage. Utilizing the Aptos blockchain, the Hollywood studio and partners are launching “an interactive web-based game” and sweepstakes that will allow participants to win both digital and physical collectibles or prizes. “We know audiences just want to be connected … and no barriers to connecting with their fandom,” said Greg Reed, vice president of technology partnerships for Universal Pictures. “Our job is to leverage high-performing, scalable networks, like Aptos, that deliver the most unique, engaging, and safe experiences for fans.”This…

Blockchain Particle Network has raised $7 million to build a middleware platform to support web3 developers. The seed funding round has backing from Animoca, Longhash Ventures, GSR Ventures, Hashkey and OP Crypto, the company told The Block. It previously raised $1.8 million in a pre-seed funding round in April last year with participation from LongHash Ventures and Insignia Ventures. Founded early last year, the startup’s core product is a login and wallet middleware solution that helps developers integrate a user-friendly web3 authentication solution into their decentralized applications. The tool enables the end user to log in either through existing crypto…

Blockchain Some of the biggest names in decentralized finance, including Uniswap, Sushi, Maker and Curve, are set to launch March 24 on zero-knowledge proof roll-up zkSync Era. The Ethereum layer 2 scaling network has finally opened to users in alpha after four years in development, enabling faster and cheaper transactions. It is the first Ethereum Virtual Machine compatible zk-Rollup to launch on mainnet (competitor StarkWare uses a bespoke language called Cairo), allowing most Ethereum DApps to simply port over with very few changes. Between 32 to 50 projects are expected to go live on March 24 or over the weekend,…

Blockchain In order to tokenize its newest European hotel and residential project in the Republic of Georgia, the multinational hotel chain Novotel has partnered with the technology firm DelNorte. U.S. and foreign investors alike will benefit from the increased security and portability of transactions made possible via this partnership, according to a recent report by DelNorte published on Medium on March 20. Novotel, a part of the global Accor group, which has a presence in more than 110 countries, is among the most well-known and powerful in the hotel and real estate industries worldwide; plans to use blockchain technology to…

Blockchain IBF, WBO and WBA heavyweight boxing champion Oleksandr Usyk has put his weight behind a blockchain platform that aims to tokenize and support the boxing industry. The Olympic gold medalist has teamed up with Ukrainian-based cryptocurrency exchange Qmall to develop the Ready to Fight platform. The browser-based platform makes use of blockchain technology to help boxers tokenize their brands to receive donations and investments as well as a means to deliver exclusive content. Ready to Fight introduces a novel means of supporting and connecting the wider boxing industry. The platform features a tokenomics ecosystem making use of its proprietary…