Author: Jeremy Ryan

Blockchain Deloitte Consulting AG is integrating KILT, a Polkadot parachain, to enhance know-your-customer (KYC) and know-your-business (KYB) processes. The integration will enable issuing reusable digital credentials, assisting businesses across various industries. Flaws in traditional processes KYC and KYB checks are the processes used to confirm people’s identities and the legitimacy of their businesses. The current procedures, however, are time-consuming for clients and ineffective for verifiers. This is because identity verification requests frequently call for extra data points. Meanwhile, conventional paper-based certifications need additional processing work. 1/ @DeloitteCH – the world’s biggest accounting firm – is the latest major enterprise partner…

Blockchain The crypto wallet race is heating up—Immutable launched its Passport wallet in beta this week, and this one is targeting gamers. Immutable’s Passport works across games on its Ethereum scaling network, Immutable X, and is non-custodial—which means Immutable does not have access to users’ funds and each wallet creator is responsible for maintaining security. Compared to more traditional digital wallets like MetaMask or Coinbase Wallet, Immutable Passport users don’t need a password to login—they can simply use an email address and submit a verification code sent to their email. Immutable claims that user security is not compromised as a…

Blockchain Alchemy, which provides tools for software developers to build apps for blockchains, released a public version of its platform for StarkNet – seen as a project to watch because of the combination of two hot technologies, zero-knowledge cryptography and account abstraction. While the new offering represents just one of the 39 blockchains that Alchemy supports, the company said that the StarkNet integration is key because of its “fast-growing developer community” and the project’s “pioneering approach to zero-knowledge rollups.” StarkNet is a ZK rollup, which scales a main blockchain by bundling transactions and processing them for faster and cheaper on…

NFT After key non-fungible token (NFT) sales metrics hit yearly lows last month, there has been some recovery in the market. In this article, we will shed some light on the recent developments in the NFT space. While the broader community focused on meme coins and airdrops, the NFT space remained relatively quiet. But is the market trying to stage a recovery? Recovery in Key Metrics Last month, BeInCrypto reported that key NFT metrics, such as trading volume and sales were at yearly lows. While there is not much of a significant improvement yet, the metrics indicate breaking the streak…

CEO Anthony Mongiello has revealed plans for the Bulls and Apes Project (B.A.P.) to amp up its community engagement, gamification of its ecosystem and marketing campaigns.Bulls and Apes Project is firing on all cylinders, with multiple community initiatives launching in the coming weeks. Despite uncertain times for the Web3 and crypto space, the self-funded B.A.P is building feverishly, and its community is reaping the benefits.Ready to get your hands on some loot? B.A.P. are currently running a MASSIVE giveaway with over 40 ETH in prizes up for grabs!This raffle, better known as the Gimme the Loot giveaway, started on April…

Blockchain Key takeaways The Venom Network’s first testnet was successfully launched. The team revealed that 223,446 wallets created were created, and 69,000,000 transactions were completed. The Venom testnet is designed with ecosystem users and developers in mind. Venom Network launches its first public testnet Venom Foundation, a decentralised network aimed at accelerating Web3 development and which is licensed by the Abu Dhabi Global Market (AGDM), announced on Wednesday, May 3rd, that it has successfully launched its first testnet. Venom is a highly scalable layer-1 blockchain network designed to support a wide range of decentralised applications. A massive thank you to…

Truth Labs, the company responsible for the reputed Goblintown NFT collection, is preparing to debut “Goblintown Season 2.” But, this time, there is a twist: lousy traders will have priority access to the mint. The new NFTs revolve around Big Inc, a fictional conglomerate in Goblintown that brainwashes animals into joining its workforce. The digital assets showcase profile pictures (PFPs) of the characters — all of which have stern glances. Big Inc still needs to announce the Goblintown Season 2 mint date and time. For now, one the main points that’s known is that it will prioritize the top 1,000 worst traders,…

NFT Non-fungible token (NFT) creative network Palm NFT Studio is rolling out the Palm Generative Art Maker, a tool to help creators mint generative art collections on the blockchain. The tool provides the infrastructure for artists to carefully craft their code, store it on-chain and produce a body of generative artwork. While the process has previously been challenging for creators without knowledge of coding, the tool simplifies bulk rendering, trait and rarity systems, and the generation of assets. In addition, the tool allows users to develop motion and static 3D assets, as well generate the text and metadata. Straith Schreder,…

NFT Vibe, a new non-fungible token (NFT)-to-product platform that provides tools to help creatives customize and manage the tokens, has raised a $4 million seed round. Investors in the round included the venture capital arm of Web3 infrastructure giant Alchemy, Aglaé Ventures, and K-Pop artist Psy’s music label P Nation, among others. San Francisco-based Vibe aims to increase the value of NFTs beyond their scarcity and implement or increase the utility of the token. The no-code platform lets creatives turn the NFTs into applications and products that can allow the tokens to evolve and provide real-world and digital utility. Embeddable…

NFT French carmaker Renault is launching an exclusive non-fungible token (NFT) collection called RACING SHOE5, which features 960 pairs of limited-edition sneakers available for sale starting May 15. This is the second NFT collection of Renault’s new NFT platform, R3NLT. At the end of 2022, the brand released its first genR5 NFT drop to mark the 50th anniversary of Renault 5.—The RACING SHOE5 collection, which was first announced on April 21, debuts with 960 exclusive sneakers, each linked to a blockchain-based NFT featuring a 3D artwork. Owning an NFT will grant holders access to an exclusive gathering with brand designers…