Author: Jeremy Ryan

Blockchain Blockchain gaming has continued to make up a substantial portion of all on-chain transactions, says data firm DappRadar. In a report examining April market data, 38% of all crypto transactions were related to gaming—despite seeing 10% fewer daily active wallets (roughly 672,000) compared to the previous month. DappRadar blamed the ongoing “meme token craze” for the user dropoff, citing PEPE’s billion-dollar market cap that recently ballooned to $1.7 billion before crashing by 63%. It also partially blames the meme token boom for the 74% decrease in virtual worlds trading in the past month, but noted that games like The…

Blockchain Blockchain technology can be difficult for the average layperson to understand, and when “layers” are added to the concept — as with blockchain scaling — it can be even more confusing. Companies working on blockchain scaling solutions are led and staffed by experts who fully understand the underlying technology and why scaling is essential to the long-term success of blockchain, but relaying that knowledge to those outside the industry can take thoughtfulness, patience and creativity. Learning what to emphasize and how best to relay that important information is essential for companies seeking to promote their scaling solutions. Here, eight…

Blockchain Biden’s White House might be waging war on crypto, but that hasn’t stopped the US Department of Defense from pushing blockchain boundaries. The Defense Department, or DOD, has just finalized a contract with a six-year-old blockchain startup — a significant step for the industry. Established in 2017, Constellation is a privately backed, founder-led blockchain ecosystem with a keen focus on processing big data. Its infrastructure is pitched to support decentralized data marketplaces and maintain data provenance and integrity. The San Francisco-based firm said Thursday the completion of its “Phase II” DOD contract led to a “well-defined deliverable prototype.” The…

Blockchain Threshold Network is now working with cross-chain token protocol Wormhole in an effort that hopes to allow the easy movement of a tokenized representation of bitcoin (BTC) to some twenty blockchain ecosystems. Wormhole proposed the integration to the Threshold community in mid-April, saying its objective was to help threshold bitcoin (tBTC) become the dominant bitcoin representative token in on-chain DeFi ecosystems. That agreement won strong community support and was fully approved on April 29 after a governance vote. tBTC is a Bitcoin-backed token that allows users to access the Ethereum and cross-chain DeFi ecosystem. Each tBTC token is fully…

NFT Artizen, a Web3 culture-focused crowdfunding platform, announced Thursday that it has raised $2.2 million to help creators fund projects at the intersection of art, technology, science, and design. Thursday’s raise included participation from leading Web3 funds, including Consensys Mesh, Animoca Brands, and Protocol Labs, as well as from individuals including Blank Street Coffee’s Dan Hill, PleasrDAO’s Matt Condon, and Juan Benet, founder and CEO of Protocol Labs. Beginner’s Luck on Artizen. image: Artizen On Artizen, creators sell so-called Artifacts to fund their projects: unique works of art that live on the Ethereum blockchain and represent the ethos of a…

Blockchain Sam Altman’s crypto project Worldcoin, which launched its World App earlier this week, is set to migrate the app from Polygon to Optimism’s ecosystem. The Worldcoin Foundation (Worldcoin’s initial steward) and Tools for Humanity (Worldcoin’s lead software contributor) announced today a partnership with Optimism Collective. As part of the collaboration, World App will migrate to Optimism’s OP Mainnet from Polygon. The World ID protocol will also be available on OP Mainnet. “With more than 1.6 million sign-ups in beta and 500,000+ monthly active World App users, the deployments on OP Mainnet will expand access and help Worldcoin reach a…

NFT The ‘mainstreamification’ of NFTs initially gained traction in the art world, addressing the industry’s inherent problems and presenting a use case that was relatively easy for the average consumer to grasp. Since then, new trends have emerged, shaping the face of NFT art today and impacting its future trajectory. Notably, the recent popularity of Bitcoin NFTs and open edition collections demonstrates that artists, collectors and the art community still value NFTs, despite the criticism these assets have faced since their rise to prominence. An industry marred by tradition and middlemen The art world is notoriously challenging to break into,…

NFT Daniel Alegre, CEO of Yuga Labs — the company that created the Bored Ape Yacht Club (BYAC) — personally bought a piece from his firm’s own NFT collection. BAYC is the largest blockchain collectible by market capitalization, nearing $800 million. For a sum of 50 ether (ETH), or approximately $90,000, Alegre secured ownership of his Bored Ape — number 3575 — which is distinguished by its unique portrayal of a chimpanzee wearing sunglasses and a Sea Captain’s hat. The floor price to buy a Bored Ape NFT is currently 43 ETH ($77,500), according to CoinGecko. The art for each…

NFT In New York last week, the trial began of a former OpenSea employee who was indicted for wire fraud and money laundering in what is being seen as the first case of insider trading related to NFTs. He has been convicted of wire fraud and money laundering, both of which carry a maximum sentence of twenty years in prison. His sentencing is pending for 22 August. To sum up what happened, OpenSea is the leading NFT marketplace (and completely dominated the sector at the time of the alleged crimes, June to September 2021), and often featured NFT collections of…

Blockchain As the world of blockchain technology continues to evolve, Bitgert Blockchain is emerging as a game-changer in the industry. It is the first blockchain to introduce the BRC20 symbol for its smart contracts, which has revolutionized the way smart contracts work. In this article, we will explore the unique features of Bitgert Blockchain and why it is the future of smart contracts. BRC20 Symbol for Smart Contracts The introduction of the BRC20 symbol has made Bitgert Blockchain stand out from the rest. The BRC20 symbol is a technical standard that enables the creation of smart contracts on the Bitgert…