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Fashion enthusiasts, prepare your crypto wallets because Prada will launch its 9th Timecapsule NFT collection on February 2nd! The limited-edition luxury drop brings colorful patterns, a new vision, and one NFT representing each physical item purchased. What’s more, those who own a physical product from the previous Timecapsule collections (released before June 2022) can now claim an NFT too! Prada returns to the NFT market thanks to its new Timecapsule drop set to launch on February 2nd. Credit: Prada What is Prada’s 9th Timecapsule NFT Drop About? In February, Prada again enters the NFT scene’s spotlight with its new Timecapsule…

Blockchain A group of Polkadot Ambassadors decided to launch the first Polkadot Hub to raise awareness of the ecosystem benefits. Bali was selected because it is a well-known destination for digital nomads and provided Polkadot with a fantastic opportunity to enter the area and begin developing the network. With the weekly hackathons generating a dynamic NFT system to assess the contribution and reward individuals, The Polkadot Sanctuary in Bali is a brand-new event venue and co-working centre to boost the Polkadot ecosystem’s footprint in the Asia/Pacific area. What’s in it? They want to host networking events, hackathons, and weekly gatherings…

Blockchain The initiative begins with a VeChain-based loyalty program that businesses can adopt to boost customer-brand relationships. World of V, a notable zero-free green NFT marketplace on VeChain, has launched an initiative that will help introduce Web 3.0 to mainstream businesses. The initiative, which leverages the VeChain network to develop an NFT loyalty program for businesses, is the first of a series of programs that World of V plans to deploy in its goal to bring Web3 to mainstream brands. The program aims to give businesses an opportunity to offer valuable and unique experiences to their customers, according to a…

Blockchain OpenZeppelin, a provider of smart-contract security solutions, has released the results of its latest security audits on zkSync, a zero-knowledge, proof-based scaling solution developed by Matter Labs. The audits reportedly uncovered a number of issues, most of which have been fixed. Of the 45 issues found in OpenZeppelin’s two previous audits, 40 have been resolved by the Matter Labs team, including two critical and two medium-severity issues, OpenZeppelin said in a statement shared with The Block. The most recent audit, which concluded in December, focused on zkSync’s system called “bootloader” as well as three more Layer 2 system smart…

Authorities in the United States might have discovered yet another possible component of Sam Bankman-Fried’s cryptocurrency empire.U.S. federal prosecutors have alleged that Bankman-Fried has used money from FTX exchange to invest in the venture capital (VC) firm Modulo Capital, according to The New York Times.As previously reported, SBF’s hedge fund and FTX’s sister firm, Alameda Research, invested a total of $400 million in Modulo in 2022, which became one of the most significant investments by SBF. The funding has drawn particular attention from regulators due to Modulo — a relatively unknown firm — raising substantial capital during challenging times for the…

Web3 and the metaverse were handed a seat at the table of the World Economic Forum in 2023 as the ecosystem continues to drive innovation across industries.As Cointelegraph continues to explore, the presence of the cryptocurrency and blockchain ecosystem was mainly found outside the walls of the WEF. Blockchain Hub Davos and GBBC’s Blockchain Central were two central events in town that brought together the wider crypto community that has been somewhat left out of the WEF’s discourse on the sector.The metaverse is a notable exception to this trend. Although some metaverse applications do not operate on decentralized blockchain systems,…

Blockchain A government agency in the most populous US state, California, is testing blockchain technology using the Tezos network to execute some of its record keeping, including the issuance of car ownership and simplifying transfers of such ownership. The CA Department of Motor Vehicles (DMV) is expected to develop consumer-facing applications such as digital wallets and car title NFTs later this year, according to Ajay Gupta, the agency’s chief digital transformation officer. The state opted to team with Tezos and crypto software provider Oxhead Alpha to embrace California’s roadmap to explore crypto adoption, according to an Oxhead statement. Oxhead Alpha…

Blockchain Despite China’s frosty relationship with the cryptocurrency space, businesses in the country are increasingly embracing the underlying technology in the industry. In particular, blockchain has emerged as the fifth most preferred technology among leading Chinese fintechs, with a share of 33% as of 2022, according to a study by KPMG. The technology emerged behind big data, which has a share of 76%, followed by artificial intelligence at 68%, while cloud computing is third, accounting for 41%. The knowledge graph ranks fourth at 34%. Interestingly, blockchain ranked higher than 5G and robot processing automation. China government blockchain backing The study…

The Pudgy Penguins Floor has hit 4ETH for the first time this year! This is not entirely surprising, as Pudgy Penguins has been having a strong year engaging their community following the takeover led by Luca Schnetzler. With new projects and growth in sales, the Pudgy thesis continues to get stronger. Pudgy Penguins holders have described the community as “life-changing.” Credit: TechInAsia. I Am My Pudgy and My Pudgy is Me? Do you wake up or go to bed thinking, I am my pudgy and my pudgy is me? If not, you are currently missing out on one of the…

Pudgy Penguins, an Ethereum-based NFT collection, has partnered with LayerZero to enable cross chain transactions. The project seeks to reach millions of Web3 users by utilizing the capabilities of various chains to aid access. Thus, it has chosen to work with Polygon, BNB Smart Chain, and Arbitrum thanks to their “rapidly growing usage and exposure.”Natively based on Ethereum, Pudgy Penguins is composed of 8,888 hand-drawn penguins with unique characteristics. Lately, the project has witnessed an uptick in transaction volume, averaging almost 2 million a day. However, this has created congestion on the Ethereum network, with gas fees shooting up by…