Author: admin

Blockchain Polygon (MATIC) has established itself as the leading Layer-2 solution that aims to bring scalability to the Ethereum (ETH) network. However, as with any successful venture on the cryptocurrency market, Polygon is facing competition from other Layer-2 solutions such as Arbitrum and Optimism (OP). Each of these platforms offers a unique approach to addressing the scalability and security challenges of the Ethereum blockchain. Polygon’s sidechain solution leverages the proof-of-stake (PoS) model to facilitate faster and more affordable transactions, with the potential to perform up to 7,000 transactions per second. Arbitrum, on the other hand, utilizes Optimistic Rollup to improve…

Amid a drastic decline in coin prices, shifting player behavior and hard-to-maintain tokenomics, it’s been a difficult year for many GameFi developers. While more established franchises, such as Axie Infinity, have held ground, other lesser-known projects, such as Elexir, have mostly pulled the plug, with a lack of viable game designs being unable to compensate for the “Fi” element in GameFi.That said, one project that, despite running into all challenges, experienced by its peers, appears to have gained traction anyway. In early February, blockchain multiplayer online battle arena (MOBA) game Superpower Squad (SPS) surpassed 200,000 downloads on the App Store…

NFT Buzz around Bitcoin-based NFTs—via the recently-launched Ordinals protocol—keeps growing by the day, with record-setting mints on Thursday and high-value sales over the past day. And one established Ethereum NFT collection is reaping the benefits of going multi-chain, seeing its prices surge after revealing Bitcoin-based counterparts. OnChain Monkey, a collection of 10,000 Ethereum NFT profile pictures (PFPs) minted in 2021, used Ordinals to “inscribe” all of its existing artwork on Bitcoin over the past day. Now the NFT holders on Ethereum can also say that their respective collectibles live on Bitcoin, as well. Prices for the Ethereum NFTs have almost…

Shrapnel announced some new details about an upcoming, free mint for SCU, or Sigma Containment Units. Only 10,000 of these NFTs will be available, and getting access requires landing a whitelist spot. But don’t worry, you still have time to make that happen! The much anticipated FPS game, Shrapnel, recently won awards in both the Gam3r’s Choice and the Gam3 Awards contests. Now they bring us news of an upcoming, free mint. This mint is for NFTs known as Sigma Containment Units, or SCUs. Sigma Containment Units are in-game items used to store SIGMA, which players collect during gameplay. In…

The Indian government doesn’t want to rush its central bank digital currency (CBDC) pilot despite joining the CBDC race just a few months ago.India’s recently launched CBDC pilot has amassed 50,000 users and 5,000 merchants since the Reserve Bank of India (RBI) launched the digital rupee pilot last year, local news agency The Economic Times reported on Feb. 8.Announcing the first public milestones of India’s digital currency at a policy press conference, RBI deputy governor Rabi Sankar stressed that the government plans to proceed with CBDC testing in the smoothest way possible.“We have our targets in terms of users, in…

As the crypto industry attracts more users, developers are laser-focused on improving user experience, a major pain point for most new users. Artificial Intelligence has often been seen as a technology that could improve how people use and interact with crypto. In the latest episode of Hashing It Out, the integration of AI with crypto is discussed at length.Cointelegraph’s Elisha Owusu Akyaw (GhCryptoGuy) interviewed Nansen CEO Alex Svanevik about the importance of on-chain data and the use of artificial intelligence in crypto in Episode 8 of Hashing It Out. The narrative that artificial intelligence is taking over has intensified with…

Major cryptocurrency data aggregator CoinGecko and crypto investment firm 21Shares have joined forces to launch a global standard for classifying various crypto asset.On Feb. 8, CoinGecko and 21Shares released The Global Crypto Classification Standard report, proposing a uniform method to categorize crypto assets. The effort aims to help investors and regulators better understand the specifics of each asset class in crypto, including potential failures like those seen by the industry in 2022.“Since Bitcoin’s inception around 13 years ago, thousands of unique crypto assets and protocols have emerged, each with unique characteristics and different value propositions,” Carlos Gonzalez, research analyst at…

While there are many profitable NFT projects, some are equally committed to benefiting their respective communities as well as being financially successful. Take World of Women (WoW), a web3 project that seeks to empower women and create more inclusivity in the industry. On February 6, 2023, WoW launched its inaugural Artfest initiative in partnership with Saatchi Art. This initiative is designed to not only spotlight artists but also offer benefits to its audience. gm Cyber Green fam! ????It’s your turn to get your #Artfest artwork from Cyber Jungle ????????https://t.co/LnBUBxy8h0 pic.twitter.com/EhlujVVOjs— World of Women ???????? (@worldofwomennft) February 7, 2023How Artfest Promotes Inclusivity WoW is…

NFT DAO Deciding on BNB Chain or Ethereum MemeFi project Floki is launching a Non-Fungible Token (NFT) to assist with recovery from the massive earthquake that devastated parts of Turkey and Syria. “It is imperative that Floki does something, no matter how little, to help victims of these earthquakes. After extensive discussions among the core team, we have decided to do an NFT sale and donate 100% of the proceeds from the sale to earthquake relief efforts in Turkey,” according to a proposal before the Floki DAO. The dev team has determined to hold the NFT sale, and the question…

A new auto-battler game enters the web3 space as BattleFly opens up early access. This butterfly-themed, ship customization, play to earn, passive, auto-battler is open to anyone with a BattleFly NFT and a few MAGIC tokens. BattleFly early access is open now, though it is not free to join. Players must own at least one BattleFly NFT to play. These can be purchased at https://trove.treasure.lol/collection/battlefly with MAGIC tokens, and the current floor prices is ~$25 USD. Players will also need MAGIC tokens. They need 5 MAGIC to stake with their BattleFly, and then additional MAGIC tokens to battle (0.1 per…