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Blockchain Launch of First IOTA Foundation Spin-Off Entity TL;DR:SPYCE.5, a provider of blockchain and Web3 infrastructure, data, and digital identity as a service for enterprises, builders, creators and developers, is the first entity to be launched as a spin-off of the IOTA Foundation. SPYCE.5 is co-founded by two former IOTA Foundation executive directors and an active member of the IOTA community, and the IOTA Foundation is a strategic partner. Last year, we announced our plans to spin out internal projects and solutions into independent entities. We are excited to introduce our first spin-off, SPYCE.5, which will accelerate enterprise adoption on…

Blockchain A community-driven open-source blockchain platform “Neo” has announced that it is launching its latest project named “NeoChat.” The respective project is an exclusive messaging service that would be provided on Neo’s network. The messaging service is developed to facilitate consumers with a rapid, convenient, as well as secure communication method. Neo Announces Releasing a Unique Platform Offering Encrypted Messaging Protocol Named ‘NeoChat’ NeoChat utilizes encrypted messaging technology as well as a wallet address as the ID. The platform shared a blog post on Medium in which it stated that the emergence of additional interpersonal interactive operations across the blockchain…

Blockchain The retroactive trend erupted once again as a result of Arbitrum’s token airdrop impact. zkSync is one of the community’s most active initiatives. Arbitrum reported the airdrop of its own ARB token on March 23 as the most recent breaking news. Several user activity factors are used to calculate airdrops, but in general, those who are “hard” to perform retroactively early on are rewarded. Analysts have highly optimistic projections for the Arbitrum price when compared to a competing project employing the similar method, Optimism with OP token. Furthermore, Binance’s announcement of the ARB listing fueled the buzz even further.…

NFT Non-Fungible Token (NFT) wash trading volume recorded its fourth consecutive growth during the month of February, according to a recent CoinGecko report. The total NFT wash trading volume increased to $580 million, as the CoinGecko report cited. NFT marketplaces X2Y2, LooksRare, and Blur recorded the highest volumes in NFT wash trading in February. NFT wash trading Wash trading is an illegal practice where investors buy and sell their assets at the same time for the same price. Wash trading doesn’t provide financial returns. However, it boosts market volume, which can be used to manipulate price levels. NFT wash trading…

Blockchain With the announcement of the Arbitrum airdrop, the number of daily active users on zkSync and StarkNet more than tenfold increased. The excitement and expectation produced by the airdrop, which has attracted the attention of many in the blockchain world, can be credited to the increase in usage. Once Arbitrum stated that it will undertake airdrops, the number of daily active users on zkSync and StarkNet jumped by nearly tenfold, according to the Web3 knowledge graph protocol 0xScope. Yesterday, a total of 17,012 transactions spanned 2,237.6 ETH to zkSync, while a total of 8,572 transactions bridged 858.5 ETH to…

The fusion between traditional and digital art keeps growing stronger, and the Knights Who Say Nah minting historical artifacts as non-fungible tokens is the latest testament to this. The collective aims to restore artifacts by tying them to the blockchain, consequently, bringing more people into Web3 with historical artifact preservation.The group was launched in 2021 by Nick Richey in collaboration with Katherine Peng, Colin McDonnell, and Jack Compton. They have managed to secure a location in Los Angeles that serves as its restoration center, where visitors can find all sorts of artifacts like medieval swords and armor and so on.According…

Blockchain Blockchain technology can help solve current issues with settlements, according to the deputy chief executive of Sberbank. Russia’s largest bank is working with other financial institutions to develop blockchain-based payment applications, the banker revealed. Sberbank Sees Solution to Russia’s Troubles With Settlements in Blockchain With major Russian banks disconnected from the main global interbank payment system, SWIFT, due to Moscow’s war on Ukraine, blockchain will help to solve the problem with payments, Sberbank’s First Deputy CEO Alexander Vedyakhin is convinced. “It is blockchain technology that will make it possible to solve this issue because this is a distributed ledger,…

NFT traders are reeling from the SVB crash, which hit the industry hard.There’s nothing like an unexpected catastrophe to kill the buzz. Indeed, following the FTX black swan event, we’ve been dealing with another cataclysmic episode thanks to Silicon Valley Bank (SVB). In fact, NFT trading volume had its worst day of the year on March 11th. On this day, there were 11,400 NFT traders, which is also the lowest number since November 2021. Thus, a promising year for NFT trading in 2023 has been dealt another blow.Source DappRadarWhy does SVB matter for NFTs?Put simply, the SVB disaster is taking…

NFT Sports industry is among the few sectors experimenting with non-fungible tokens for a while now. The market downturn has spread chaos in associated markets but the crypto sector has started recovering again. This means NFT space may see a potential uprising too. Philadelphia 76ers, a professional American basketball team, recently announced that they are airdropping third out of their four Heritage NFT collection drops on March 20, 2023. Football and Basketball Remains Most Active Sports in NFT Sector According to the official press release, holders of previous collections, Loaded Lions and 76ers Legacy, are already eligible for the drop.…

Blockchain According to the statement, The Sandbox’s KYC program will benefit from the inclusion of Polygon ID. According to the company: “Security & privacy for our users is our top priority.” The Sandbox is collaborating with @0xPolygon to work on implementing #PolygonID by year-end ⛓️???? We value decentralization & privacy, and will use Polygon ID to enhance our KYC program. Security & privacy for our users is our top priority. https://t.co/Iwn3sXqwH4 — The Sandbox (@TheSandboxGame) March 19, 2023 Polygon ID revealed earlier this month that four tools had been released in Identity Infrastructure to create a better internet that puts…