Author: Jeremy Ryan

Blockchain The future of Ethereum as it relates to its scaling capabilities has been placed under deep scrutiny as the role of the growing horde of Layer 2 protocols in tapering down associated fees is being analyzed. According to data from L2Fees, the majority of L2 protocols have significantly lower fees associated with transfers and swaps of assets when compared with Ethereum’s. Per the data, Loopring ranks as the cheapest platform to conduct transactions as the average cost to send Ethereum is pegged at $0.03, while swapping costs $0.05. Arbitrum (ARB), Polygon’s zkEVM and zkSync Era require 6 cents, 16…

Blockchain Cross-chain automated marker maker Symbiosis has onboarded layer-2 scaling protocol zkSync to improve speed and reduce fees of token swaps on its platform. The decentralized exchange (DEX) was launched in March 2022. It provides single-sided stablecoin pools that deliver zero impermanent loss to liquid providers. It also facilitates ‘any-to-any’ native asset swaps on its platform across Ethereum Virtual Machine (EVM) and non-EVM networks. Nick Avramov, co-founder of Symbiosis, told Cointelegraph that the integration of zkSync will provide one-click swaps from Ethereum, Polygon, Avalanche, BNB, Telos and other blockchains into zkSync and back. The additional functionality also removes the need…

The third generation of Reddit NFTs, or digital collectibles, as the platform prefers to call them, is set to debut on April 10. The social discussion platform launched its first NFTs last August, which sold out in record time. Dubbed Reddit avatars, these digital collectibles can be used on the website by collectors to represent their digital identities.Reddit prefers to use the name ‘digital collectibles’ rather than NFTs, given the negative connotation surrounding the term. The platform deployed the smart contract for the Gen 3 avatars on Polygon on April 5, with minting expected to kick off five days later.Gen…

Blockchain After Danish logistics firm Maersk terminated its blockchain-based supply chain platform last year, industry builders have not given up on blockchain applications in global trade. Hong Kong-based Global Shipping Business Network (GSBN), a non-profit consortium focused on blockchain trade applications, is bullish on blockchain as a crucial logistics tool in the long term. According to a report by The South China Morning Post, GSBN currently operates one of the world’s largest platforms that can be described as an alternative to Maersk’s TradeLens tool. The platform is based on a permissioned blockchain with strong data governance, allowing only authorized parties…

NFT Adidas has unveiled the third and final phase of its Into The Metaverse project, which introduces its ‘ALTS’ NFTs. At this point, many companies that started offering NFTs during the height of the crypto market in 2021 have turned their backs on the sector. In April 2023, the sports brand debuted Chapter 1 of this launch, with additional functionality and improved holder benefits to be rolled out over the ensuing months. Evolution of ALTS by Adidas Users can officially initiate Phase 3 and burn Phase 1 and 2 tokens of Into The Metaverse (ITM). According to the description, ALTS…

NFT The music industry is notoriously difficult for independent artists, with 95% failing to make a living from their music. Several industry experts praised the rise of non-fungible tokens (NFTs) during NFT.Paris 2023. They highlighted that NFTs are creating a middle class of artists and offering a better way for creators to get paid. Addressing Problems in the Music Industry Independent artists face a significant challenge related to getting paid in the music industry. Cooper Turley, the founder of Coop Records Fund, pointed out that there is no real-time payment system, and platforms like Spotify can take up to 4…

The VeVe marketplace offers an extensive range of premium, licensed non-fungible tokens (NFTs) from some of the most iconic brands. From Batman and Marvel to Fast and the Furious, Star Trek, Jurassic Park, Disney, and more, there’s something for everyone on the VeVe marketplace. In this article, we’ll explore the ins and outs of the VeVe marketplace and how it stands out in the world of NFT collectibles.Understanding VeVe Collectible MarketplaceWhat is VeVe?VeVe is an app-based marketplace designed to buy, sell, and trade premium, licensed NFT collectibles. It is available on both the iOS App Store and Google Play Store,…

Deep in the unforgiving Wild West, a new battle of attrition awaits those with a keen eye and an unrelenting will to survive. So, dive into the captivating world of Rivals, an exclusively multiplayer survival video game based on its own NFT collection, with the ultimate objective of enduring and thriving. The game itself is set in an extensive and varied landscape, where players adopt the roles of sheriffs or bandits depending how they want to play the game, and embark on exhilarating adventures in pursuit of gold. As a sheriff, players can bring their own gear into the fold,…

NFT Ukraine’s President Volodymyr Zelenskyy signed the country’s first NFT, UACatsDivision. NFT investment is aimed at bolstering national security and defense capabilities. More governments may turn to digital assets to finance operations. According to a recent tweet from Iryna K, a Web3 Community Builder, President Volodymyr Zelenskyy of the Republic of Ukraine has signed the first Non-Fungible Token (NFT) in Ukraine. The approved NFT goes by the name UACatsDivision. So proud of the Ukrainian President @ZelenskyyUa, who signed the first #NFT by @uacatsdivision, the First national #NFT collection featuring сats of the Armed Forces of Ukraine. You can support Ukraine…

According to the latest data from Dune Analytics, the number of zkSync bridging users has increased. At the time of writing, this indicator has exceeded 800,000, reaching 802,144. It is currently the Ethereum Layer 2 network with the largest number of bridging users. The current total value of bridging storage is 245,838 ETH. Historical data shows that the number of zkSync bridging users exceeded 700,000 on March 26, which means that the number of new bridging users exceeded 100,000 in the past two weeks. zkSync Era is the first Ethereum Virtual Machine zk-Rollup to launch on the mainnet, allowing most…