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Blockchain Although cryptocurrencies and blockchain technology are closely related, they are not synonymous. Cryptocurrencies are a subset of blockchain technology, whereas blockchain is a broader term that covers a wide range of potential uses and applications. To answer the question of whether cryptocurrencies are required for blockchain technology to succeed, it is necessary to consider blockchain’s potential beyond cryptocurrencies. Blockchain technology was created as the foundation for Bitcoin, the first decentralized cryptocurrency. However, blockchain’s potential applications go far beyond cryptocurrencies. Some of the most important characteristics of blockchain technology are its decentralized nature, which eliminates the need for intermediaries and…

NFT Yuga Labs, the parent company of the Bored Ape Yacht Club NFT project, has reached a settlement with Thomas Lehman, who built websites and smart contracts for Ryder Ripp’s copycat project “RR/BAYC.” Ripps’ project is a series of 10,000 non-fungible tokens (NFT) that share the same names, features and traits as the famous Bored Ape Yacht Club NFTs and is part of a separate, ongoing court case around trademark infringement. The complaint against Thomas Lehman was filed on Jan. 20, 2023, and focused on his role in coding and developing the “RRBAYC RSVP Contract,” and “rrbayc.com” site to sell…

Gaming ecosystems are growing increasingly common in the world of web3 development. And one of the latest to expand is Mini-Royale, which introduces us to the first public alpha of Faraway Land, a town-building game that offers players the ability to craft NFTs for Mini-Royale! Mini-Royale, a Solana-based, play-in-your-browser FPS, recently opened up a public alpha for Faraway Land, a town building, product making game where players will be able to craft Gear NFTs for use in the Mini-Royale game! Apparently, this is NOT the official land gameplay for Mini-Royale. It is instead a different, cross-project game. Faraway Land alpha…

South Korea established guidance that specifies which types of digital assets will be considered and regulated as securities in the country.In a press release, the Financial Services Commission (FSC) highlighted that digital assets that fit the characteristics laid out in the country’s Capital Markets Act will be treated as securities. The law considers securities as financial investments where investors are not required to make additional payments after their original investment. The FSC also provided examples of which digital assets will most likely be classified as securities. According to the FSC, this may include tokens that provide a stake in business…

NFT Sam’s Club, a subsidiary of Walmart, has made a significant departure from its traditional retail focus by filing trademarks for a range of blockchain-based services. The trademarks, which were discovered by Michael Kondoudis and shared on Twitter, cover a virtual currency for online community use and financial services that involve cryptocurrencies and non-fungible tokens. The retailer’s interest in the digital assets market is reflected in the healthcare services that it seeks to offer in virtual and augmented reality environments. The recent trademark applications filed by Sam’s Club highlight the growing importance of non-fungible tokens and crypto in general in…

Blockchain Members of the Uniswap community voted in favor of deploying Uniswap v3 on Boba Network’s layer-2 protocol on Ethereum. Gaining over 51 million votes, the proposal submitted by Boba Foundation and FranklinDAO to deploy Uniswap v3 in Boba Network passed. This means that the Boba Network will be the sixth chain to deploy Uniswap v3, with the deployment scheduled to proceed in the coming weeks. The move was backed by several entities such as GFX Labs, Blockchain at Michigan, Gauntlet and ConsenSys. According to Alan Chiu, the co-founder and CEO of Enya Labs, a core contributor to Boba Network,…

Blockchain Li.Fi has urged the Uniswap community not to go forward with the current vote to finalize the deployment of Uniswap v3 on the BNB Chain with Wormhole as the only bridge provider, the project stated via a governance post filed on Feb. 6. The team argued in favor of a bridge-agnostic deployment. Li.Fi urged Uniswap to prioritize the creation of a framework for assessing cross-chain bridges. This framework would see future Uniswap deployments on other chains happen with several bridge providers in the mix. “What we are proposing is a genuinely decentralized decision-making process that will end up with…

There are all sorts of NFT programs and collections floating about the internet, many of which are promoted by celebrities and influencers. However, not all are properly vetted and buyers are not always informed of the fact that their favorite celebrity has been paid to promote it to them. This was reinforced through a recent experiment by YouTuber Coffeezilla who revealed that he had paid MMA fighter Dillion Danis 1000 dollars to promote a fake NFT scheme. How the Experiment WorkedIn a February 3, 2023 tweet, Coffeezilla revealed that he had reached out to the fighter to promote an NFT collection. We…

NFT Customers may turn these NFTs into actual goods as Louis Vuitton celebrates its 200th anniversary. Using the prices of NFTs from other premium brands as a benchmark, experts estimate that the Louis Vuitton X Yayoi Kusama NFT collaboration will cost around 4 ETH. #YayoiKusama in Tokyo. Following her collaboration with the Maison, the Japanese artist visited #LouisVuitton’s Omotesando and Harajuku pop-up stores. Learn more about #LVxYayoiKusama at https://t.co/3XNZoaFWOF. pic.twitter.com/UYR8RIoZyV — Louis Vuitton (@LouisVuitton) February 3, 2023 The surge in NFT trades and the rise in cryptocurrency prices have drawn attention to the NFT sector. By introducing its own NFT…

The e-commerce giant is partnering with Notable Live to deliver fan experiences through NFTs. The home of collectibles, eBay, is taking a giant step towards the future. Indeed, the company will leverage NFTs, and a new partnership with Notable Live, to provide sports fans with a platform to connect with players.Currently, Notable Live is a mobile application that gives fans access to memorable experiences with players. Hence, the partnership will combine eBay’s collectible marketplace with Notable Live’s immersive sports fan platform.Mike Antonucci, co-founder and CEO of Notable Live, said: “Our partnerships [focus] on delivering transformational solutions that provide fans true…