Author: Jeremy Ryan

It’s no secret that over the last few years, many physical events have digital iterations or have been wholly digitized into virtual reality.Recently, in Colombia, a local judge decided to hold a court hearing in the metaverse as an experiment with the technology. It was a civil case involving a traffic incident, which will progress further “partially” in the metaverse. While many believe that the metaverse will reshape our social lives, it begs the question of whether digital reality can best serve important societal moments, such as court cases, where an individual’s future may be at stake. Cointelegraph spoke with Carlo D’Angelo, a…

Baobab Studios, which is backed by Disney and has won nine Emmy Awards for various short films and virtual reality (VR) experiences, has launched an NFT collection based on Ethereum. This is according to an official statement made on Thursday. The studio has opted to explore Web3 to discover how NFTs can engage users and enhance storytelling experiences.The Web3 project is dubbed Momoguro, a family-friendly project that will feature NFTs and an NFT roleplaying game (RPG). According to the project’s website, Momoguro is a colorful fantasy world where creatures known as “Momos” will be fused to create hybrid characters. It…

NFT NFT startup Clay Mates says its highly successful Cardano-powered project “Clay Nation” will become the first Cardano project to be integrated into “The Sandbox,” thereby “pushing interoperability even further in Web3.” Clay Mates describes Clay Nation as “a collection of 10,000 characters created from hand-crafted, randomly-assembled clay traits,” with each of these characters being “a one-of-a-kind digital collectible, stored on the Cardano blockchain.” $CLAY is “the main utility and governance token of clay nation” and it is “poised to be deeply integrated in Clay Nation, where it will be used for any transaction within the virtual environment.” Source: Clay…

Legislation has been introduced in the American state of South Dakota to amend the Uniform Commercial Code (UCC) to limit the definition of money to exclude cryptocurrencies. Central bank digital currencies (CBDCs) would still be considered money under the proposed new definition. The 117-page amendment, introduced into the state House of Representatives by Republican Mike Stevens, defines “money” as “a medium of exchange that is currently authorized or adopted by a domestic or foreign government. The term includes a monetary unit of account established by an intergovernmental organization or by agreement between two or more countries.” The bill continues:“The term does…

ZK, ZK-VM, and. ZK-EVM To understand the specifications behind each ZK road project, let’s first understand the basic concepts involved in ZK. ZKP (Zero Knowledge Proof) stands for zero-knowledge proof, which refers to solving the privacy and scalability issues of the blockchain through mathematical cryptography, mainly through validators and users, to verify the accuracy of data without disclosing it. ZK-VM is a zero-knowledge proof-based virtual machine that combines a ZK proof and a VM (Virtual Machine). The ZK-VM typically consists of two important components: a compiler that can compile high-level languages such as C++ and Rust into intermediate (IR) expressions…

NFT Shopify is partnering with Thirdweb, the revolutionary technology platform for creating NFTs and Web3 apps, to launch Commercekit. As a reminder, Shopify is a Canadian company that develops and markets the e-commerce platform of the same name, the Shopify POS (Point-Of-Sale) system, and marketing tools dedicated to businesses Full details below. Shopify, Thirdweb, NFTs and Web3: what it’s all about Commercekit’s capabilities Statements regarding the NFT partnership between Shopify and Thirdweb Shopify and the introduction of Avalanche-based NFT Shopify, Thirdweb, NFTs and Web3: what it’s all about As anticipated, Shopify is partnering with Thirdweb to launch Commercekit, a kit…

The Office of the Attorney General for the District of Columbia in the United States is moving forward on a lawsuit against business intelligence firm MicroStrategy executive chair Michael Saylor related to tax evasion.According to a Feb. 28 filing with the U.S. Securities and Exchange Commission, MicroStrategy said the court had not dismissed a claim against Saylor for failing “to pay personal income taxes, interest and penalties due” following an October 2022 motion from the firm. However, the court granted a motion dismissing allegations that Saylor — on his own and acting in concert with MicroStrategy — violated the District…

The world of non-fungible tokens has gained a new player with the announcement that Electronic Arts (EA) founder Trip Hawkins has joined Web3 startup Games for a Living. The company hired Trip as a co-founder and chief strategy officer to leverage blockchain technology’s power and the growing interest in NFTs to develop innovative new gaming experiences. Games for a Living has released its first multiplayer game, Elemental Raiders, set in a mystical world with magic and treasures. By March, the game will integrate NFTs and the GFAL token, allowing players to earn and trade rare in-game assets on the blockchain. The…

Cryptocurrency exchange Coinbase announced that it had terminated its partnership with Silvergate Bank as its United States dollar banking partner, citing an ongoing investigation. In a tweet, the exchange said: “In light of recent developments & out of an abundance of caution, Coinbase is no longer accepting or initiating payments to or from Silvergate.“The crypto exchange will facilitate institutional client cash transactions for its prime customers with its other banking partner, Signature Bank. The stocks of Silvergate Bank, which were already under stress due to a delay in filing its annual 10-K report, dropped another 40% in pre-market trading. Silvergate Capital…

NFT Despite the prices of most major cryptocurrencies stagnating over the course of the last 30-days, with the likes of Bitcoin and Ethereum only up a respective 1.7 and 4.0% and BNB and XRP down 3.9% and 7.0% each according to CoinMarketCap, the prices of non-fungible tokens (NFT) have been pumping. According to NFT Price Floor, the price floor to get your hands on an NFT from the Bored Ape Yacht Club (BAYC) collection has jumped 17.5% over the course of the last 30-days to $117,750. BAYC NFT Price Floor over the last 90-days The Bored Ape Yacht Club NFT…