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Blockchain Last Friday’s Silicon Valley Bank (SVB) collapse and subsequent contagion around what that means for the crypto industry drove a dramatic increase in the profitability for validators who run the Ethereum network. As the tech industry blew up over the weekend, Ethereum validators saw profits from MEV (maximal extractable value) spike as the bank collapsed and as stablecoin USDC depegged from $1, according to data about Flashbots, which supplies the software responsible for 89% of all MEV activity. MEV is a central component as part of trading on the Ethereum protocol. MEV refers to the additional profits that validators…

Blockchain Blockchain startup Tari Labs has won a temporary restraining order against bitcoin developer Lighting Labs’ Taro protocol. Lightning announced the protocol in April of last year. It aims to be used for issuing assets on the Bitcoin blockchain, which can then be transferred over the Lightning Network. Lightning Labs itself has been around since 2016 and develops software to power Bitcoin’s Layer 2 Lightning Network. Tari Labs founded its Tari protocol, which enables the transfer of digital assets from tickets to virtual goods, in 2020. Tari owns the U.S. registered trademark for Tari for various cryptocurrency trading and exchange…

Blockchain During the second event of Namaste Web3, an awareness program organized by the crypto investment application, CoinDCX, in collaboration with the Indian edition of Forbes magazine, Forbes India, the lawmakers and leading members from India’s ruling party discussed India’s potential to lead in the Web3 market. Notably, on March 11, the event took place at The Imperial Hotel in New Delhi on the theme “$5 trillion Indian economy: is web3 India’s next big thing?”, mainly discussing India’s G20 presidency and the country’s potential opportunities in the Web3 sector. Significantly, Dr. Abhishek Manu Singhvi, the Member of Rajyasabha, while commenting…

Blockchain Web3 URLs — enabled with the launch of ERC-4804 — have made it onto Ethereum, allowing internet users to access Ethereum apps and NFTs without worrying about centralized censorship. The new Ethereum standard, titled “Web3 URL to EVM Call Message Translation,” was first proposed on Feb. 14, 2022, and was co-authored by ETHStorage founder Qi Zhou, Ethereum researcher Sam Wilson and Chao Pi. It described the proposal as an “HTTP-style” URL to directly access on-chain Web3 content, such as decentralized apps (DApps) front-ends and NFTs. More than a year later, ERC-4804 was approved and finalized on the mainnet on…

NFT Sotheby’s and Paris Blockchain Week (PBW) have partnered with RLTY World to present live the first NFT auction in the metaverse, called “Oddly Satisfying Sale.” The experience will feature 66 NFT works by established artists such as Beeple, Julien Rivoire, Brinkman, and many others. Sotheby’s and RLTY World present the first NFT auction in the metaverse during PBW From the 66 NFT auction to the PBW Talent Fair, everyone live in the RLTY metaverse Paris Blockchain Week: the fourth edition of the Web3 conference Sotheby’s and RLTY World present the first NFT auction in the metaverse during PBW Renowned…

One of the biggest platforms in the world for digital collectibles, Veve, is dropping an NFT collection based on Sesame Street.Major drops are nothing new to VeVe, and here’s another one. On March 19th, we’re going to see Sesame Street immortalized on the blockchain. Indeed, the Sesame Street NFT drop will be the first in a new series celebrating the all-time classic. In collaboration with the non-profit media organisation Sesame Workshop, VeVe will host the first drop, featuring the iconic Cookie Monster.Jennifer Ahearn, VP, Global Strategic Partnerships & Themed Entertainment, Sesame Workshop said: “Since 1969, Sesame Street has been one of the most…

NFT The Sewer Pass non-fungible token (NFT) collection, created by Yuga Labs, has seen a notable rise in sales volume over the past 24 hours. According to data provided by CryptoSlam, Sewer Pass sales are up by over 61% in the past 24 hours, reaching $1.88 million in 319 transactions. This movement has helped the NFT collection reach the top of the 24-hour trading list on the data aggregator platform. Top 3 NFT collections in the past 24 hours | Source: CryptoSlam However, the number of Sewer Pass holders has not changed since March 10, staying at 12,040 owners. This…

NFT The NFT platform Blur has been gaining tremendous success in the recent period. Through various strategies, the marketplace is gaining ever more users, increasing competition with the industry top OpenSea. What is the NFT marketplace Blur? Blur’s popularity makes the platform vulnerable to hackers Competition to OpenSea The challenges Blur faces in the NFT world What is the NFT marketplace Blur? Blur is a digital platform that allows users to buy, sell and trade non-fungible tokens (NFTs) with ease. The marketplace has quickly become a popular destination for collectors and artists seeking to monetize their works, as well as…

NFT Elements to evaluate an NFT project Applications and potential of NFT in the future What an NFT can achieve is one of the most significant aspects about it. Questions such as, “What is the role of the NFT?” must be clearly defined. What is your position in the project/Dapp? What advantages will the holders have? … For example, in the Axie Infinity project, each NFT Axie plays a key part in the game, providing advantages to the owner and assisting the owner in earning SLP tokens. Or the Lewis Capaldi NFT Collection on Binance NFT, which allows users to…

NFT The co-founder of OneRare expressed his company’s thrill at partnering with Maggi. International seasoning brand, Maggi, is set to launch its first-ever digital collectible in the OneRare Foodverse. Maggi couldn’t have chosen a better time to launch. After a turbulent 2022, NFTs have started to bounce back in 2023. According to the press release, Maggi will launch recipes made with Maggi Noodles, Masala-ae-Magic, and MAGGI Hot & Sweet, as Digital Collectibles that are usable in the Foodverse. The Foodverse, which is designed to bring the Global F&B Industry to the blockchain, allows companies like Maggi to create virtual food…