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It feels like it’s been some time since the last land sale for The Sandbox. But now they’re back, with the first new lands available in 2023! And though the ecosystem for The Sandbox is still in its infancy, land plots are steadily becoming more valuable as the space grows. It won’t be too long before all of the land plots are sold out completely! This ‘Voxel Madness’ land sale follows Sandbox’s new raffle system. Players must have an account with a verified identity (KYC). Then, to enter the raffle, the account must hold 1,011 SAND tokens in their connected…
The WWF Deutschland and Savespecies have joined forces to launch “SaveYour.World,” an innovative metaverse platform that uses the power of Polygon to deal with the growing problem of plastic waste in the oceans. Through the “play to donate” concept with Trash NFTs, the WWF Deutschland is hoping to create a new way to raise awareness about the ocean’s plastic pollution problem. It is estimated that 8 million metric tons of plastic enter the ocean each year, and by 2025, the amount of plastic entering the ocean will double. SaveYour.World offers an immersive experience that combines online and offline action with tangible…
Last week, the United States Securities and Exchange Commission (SEC) reached an agreement with cryptocurrency exchange Kraken. The latter will stop offering crypto staking services to American customers and pay $30 million in disgorgement, prejudgment interest and civil penalties. While the sum of fines could hardly get an entity like Kraken off balance, the future of staking concerns the crypto market. The court agreement attracted the ire of not only the general crypto community but of investors, politicians and industry executives, with Cinneamhain Ventures partner Adam Cochran calling SEC Chair Gary Gensler “an agent of an anti-crypto agenda” rather than a…
Blockchain Few pieces of blockchain infrastructure have proven to be both more necessary and more fragile than cross-chain interoperability protocols, commonly known as bridges. Whether you favor Ethereum layer-2 rollups, or an app-chain thesis such as Cosmos or Avalanche subnets, a multichain future, requires data and value to flow between chains. But so far no one has conclusively solved the engineering problems to make cross-chain communication safe, fast and cheap — to wit, estimates put the total value lost to hacks and exploits at upwards of $2 billion since 2021. The latest startup to try is Orb Labs, which announced…
NFT ticketing is revolutionizing event ticketing by providing a secure, transparent and efficient way of issuing and managing tickets. Nonfungible tokens (NFTs) are significantly harder to forge or duplicate than conventional tickets since they are stored on a blockchain. This lowers the risk of fraud and fake tickets by allowing event organizers to determine that only authentic tickets are used to enter an event.NFT ticketing also enables greater customization and adaptability in terms of ticketing. For instance, event planners may issue NFTs for various event sections, such as VIP or general admission tickets. They can also provide details like seat…
The metaverse, a virtual environment that simulates reality, offers complex moral dilemmas regarding privacy, ownership and control. These consist of:Privacy: Who has access to and how is personal information used within the metaverse?Ownership: Who owns the digital assets and real estate in the metaverse, and what rights do they have over it?Control: Who oversee activities in the metaverse, and what rules and regulations will be implemented to guarantee fair use and equal treatment for all participants?These are crucial issues to think about as the metaverse expands and is utilized more frequently, and they will probably have a big impact on…
The European Parliament has released a report on a draft bill proposing that banks holding cryptocurrencies set aside a large amount of capital in an effort to address potential risk.In a Feb. 9 notice, European Union lawmakers said any framework applied to crypto assets should “adequately mitigate the risks of these instruments for the institutions’ financial stability,” proposing banks apply a 1,250% risk weight on their exposure to digital assets — one of the highest risk ratings for investments. The proposed law suggested that such requirements go into effect until Dec. 30, 2024.“The rapid increase in the financial markets’ activity…
Blockchain Europe’s largest industrial manufacturer Siemens rolled out a digital bond on a blockchain worth 60 million euros. With a maturity period of one year, Siemens said a blockchain-based digital bond would offer numerous advantages, such as enabling direct sales to investors without the need for an intermediary. Blockchain-based Bonds Eliminate Need for Banks and Intermediaries, Says Siemens Siemens issued a blockchain-powered digital bond worth 60 million euros on Tuesday, the company said in a press release. The bond, launched in compliance with Germany’s Electronics Securities Act, has a maturity of one year. Siemens said issuing the bond on a…
Blockchain Transactions on the Avalanche blockchain grew by 1500% last year compared to 2021, even as the wider industry saw the collapse of several centralized crypto players and the start of a technical bear market. In its fourth quarter Avalanche report, analytics firm Nansen said the network showed strength with a notable increase in both NFT trading volume and total transactions. Nansen analysts stated: “While the network ended November 21, 2021, with nearly 27 million transactions, Avalanche’s cumulative total surpassed 450 million transactions on November 21, 2022, marking an astounding 1,507% increase in a single year.” This transactional activity came…
As the world’s biggest celebration of love makes its annual serenade to the masses, one of the most prolific ‘Pop Artists’ of modern times has made his way onto the blockchain. This Valentine’s Day, the vibrant master of bold lines and color, James Rizzi, has re-engaged with the mortal world in the technicolor ‘First Love’ NFT collection.The incredible collection has arrived courtesy of Hamburg based Web3 team, Soho Studio Labs, and debuted via a dual drop on both the company’s local website, and the OpenSea NFT marketplace. As such, fans of Pop Art and NFTs can bolster their collections with…
