Category: Blockchain

DappRadar, the decentralized app tracking platform, has unveiled data indicating a remarkable influx of $600 million in investments into the blockchain gaming sphere during the third quarter of 2023. In the broader landscape of blockchain gaming ventures, the year 2023 has been nothing short of astonishing, witnessing an astounding $2.3 billion poured into this domain. Remarkably, even in the face of a seemingly bearish crypto market throughout the year, the third quarter alone contributed a substantial $600 million to this flourishing ecosystem. Diving deeper into the quarterly breakdown, DappRadar’s report…

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Ripple, a leading blockchain technology company, has announced the launch of a state-of-the-art platform specifically designed to enable central banks, governments, and financial institutions to issue their own central bank digital currencies (CBDCs). This groundbreaking development comes in response to the increasing interest and momentum behind CBDC adoption worldwide. Ripple’s CBDC platform grants government institutions full control over the entire life cycle of their digital currencies, encompassing essential aspects such as minting, distribution, redemption, and token burning. With this comprehensive solution, financial institutions can actively participate in inter-institutional settlement and…

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Blockchain technology has already changed much about the way people interact. But some innovators are hoping to push the technology’s limits even further: they’re betting the blockchain can transform the world into one giant pawn shop. Arcade.xyz, a DeFi protocol for NFT lending, has begun facilitating loans between strangers that use luxury watches as collateral, and employ NFTs to guarantee those loans’ terms. In the past few weeks, Arcade users have lent three Rolexes to anonymous lenders for cash—a Daytona, for $20,000 at 15% APR; a GMT-Master II, for $14,500…

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Input Output Global, the creator of Cardano, has launched Marlowe, a toolkit to facilitate smart contract creation in the ecosystem. Marlowe is a tool that simplifies how developers and ordinary people with no coding experience can develop, test, and deploy smart contracts. Marlowe, which has gone through testing by an external firm, has numerous features like reusable and customizable templates, a built-in simulator to test contracts, easy setup, and powerful APIs. In a statement in Lisbon, the developers said that they were partnering with TxPipe to offer access to Marlowe…

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Further committing to blockchain-based initiatives, Warner Music Group announced Wednesday that it has formed a new music accelerator program in partnership with Polygon Labs that seeks to bolster decentralized music-related apps and projects built on the Polygon network. The program will specifically seek out projects operating at the intersection of music and the blockchain. Some examples of top priorities for Warner and Polygon purportedly include companies attempting to create new mechanisms for the decentralized distribution of music, those focused on fostering artist-fan communities, those building on-chain ticketing solutions, and those…

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Lightning Network, a Layer 2 payment network built on top of the Bitcoin blockchain, has reached an all-time high in terms of capacity, or the amount of bitcoin (BTC) locked in payment channels. The payment channel capacity on the Lightning Network has grown 63% since the beginning of last year, according to data from The Block Research. Currently, the network has over 5,490 BTC ($128 million) in capacity, up from 3,350 BTC on Jan. 1, 2022. This is being seen as a positive sign for the adoption of Bitcoin transactions.…

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Technology company Digby has partnered with American furniture brand Heller to launch a tool for establishing the authenticity of physical design products using the blockchain. Named Digby Design Authenticator (DDA), the system allows designers and brands to link each of their products to a non-fungible token (NFT), which effectively acts as a digital certificate of authenticity. Recorded on a blockchain, this provides an unchangeable, decentralised log of the product’s origin and ownership to prevent counterfeits. The first product to use DDA is Heller’s Vignelli Rocker, a plastic rocking chair designed…

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The popular messaging app Telegram announced on Oct. 26 the official launch of its new marketplace built on the Telegram Open Network (TON) blockchain. The marketplace will serve as an auction platform on which rare Telegram handles will be up for grabs. The idea was first mentioned back in August on app founder Pavel Durov’s Telegram channel after the TON Foundation successfully auctioned off TON DNS domains. Telegram will start with auctions of four- and five-letter handles, with this being the first time shorter handles will be made available to…

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Apple released a new set of rules for crypto apps in the App Store that reflects the company’s stance on NFTs, crypto and payment. Considering the size of the iOS applications market, it will certainly have an enormous effect on the development path that decentralized applications will choose for the foreseeable future. Enabling NFT buying From now on, developers will be able to leverage IAP to sell NFTs or offer services tied to non-fungibles like minting, listing and transferring. Technically, Apple officially created a gateway into crypto for mobile users.…

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Solana SOL/USD is a blockchain platform that made a reputation for itself due to its high speed as well as efficiency. The SOL token is the native cryptocurrency used to pay for the transaction fees on top of the network, and ever since the launch of the project in 2017, Solana has grown into one of the largest projects that facilitate non-fungible tokens (NFTs), among decentralized applications (dApps). Solana has become the go-to blockchain network for non-fungible tokens (NFTs) throughout the past few years due to the fact that it…

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Italian carmaker Alfa Romeo has unveiled its latest vehicle, the Tonale SUV. The firm claims that it is the first in the industry to connect each vehicle to its own blockchain-based token, which can keep track of the car’s whole life cycle. One of the most distinctive features of this SUV is that each car is linked to an accompanying nonfungible token (NFT). The Tonale NFT, according to Alfa Romeo, certifies a car upon purchase and then simply records and keeps data during the vehicle’s lifespan. Francesco Calcara, head of…

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Recent Chainalysis data showed that users moved over $40 billion worth of crypto to Ethereum’s nonfungible token (NFT) smart contracts in 2021. While this reflects the rapid growth of NFTs, there are still many obstacles when it comes to minting these tokens, and one startup is addressing this problem by doing all the behind-scene processes. NFTs have been all the rage during the last few months, and most experts agree that the trend is here to stay given the transformative potential for a lot of industries, from digital art to…

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