Tagged: distributed ledger technology

peaq Finalizes $6M Round to Power the Web3 Economy of Things

peaq, the Web3 network powering the Economy of Things (EoT), has raised $6 million in its latest funding round, which was led by Fundamental Labs. The funding will “support the ongoing expansion of the peaq network, which empowers individuals and organizations to build, govern, and… Read More

Free-to-Play-to-Earn Model Might Take Blockchain Games Mainstream, Huobi Research Institute Claims

The launch of Grit, the “first-ever” blockchain game from the partnership between Epic Games and Gala Games, is seen as a “watershed” event for the mass onboarding of gamers from Web2 to Web3, according to an update from Huobi. However, blockchain games have “not reached… Read More

ADDX, China Construction Bank to Partner on Chinese Offshore Investments

China Construction Bank (Chongqing and Singapore branches) and ADDX have entered a partnership “to help domestic investors in China participate in the country’s official offshore investment scheme.” The financial institutions announced the signing of a memorandum of understanding (MOU) that “paves the way for them… Read More

Coinbase Announces Improved Multichain Transfers for Clients

Coinbase (NASDAQ:COIN) recently announced a faster, easier, and “less expensive” way of sending and receiving cryptocurrency via multiple networks, starting with Polygon, Coinbase’s first L2 integration, and Solana. With the ongoing surge in blockchain usage and increase in gas fees, “the process of sending crypto… Read More

SaaS Blockchain Orchestration Platform Cion Digital Appoints Sundar Nagarathnam as COO

Cion Digital, developers of the enterprise SaaS blockchain orchestration platform, recently announced the appointment of senior executive Sundar Nagarathnam as Chief Operating Officer. Sundar will play “a dynamic role in accelerating execution and innovation as the company pushes forward on its growth and expansion goals.”… Read More

Harmony Cross-Chain Horizon Bridge Reportedly Hacked for $100 Million

The Harmony team has identified a theft taking place this morning (June 24, 2022) on the Horizon bridge amounting to approximately $100 million. 3/ Note this does not impact the trustless BTC bridge; its funds and assets stored on decentralized vaults are safe at this… Read More

New L1 Blockchains Are Expanding DeFi Ecosystem, No Ethereum Killers Yet: Chainalysis Report

Nearly all crypto tokens fall into one of two categories: Layer 1s and Layer 2s, according to an update from Chainalysis. Chainalysis writes in a report that Layer 1s are tokens “with their own blockchains, while Layer 2s are built on top of Layer 1… Read More

Blockchain Intelligence Group Introduces NFT Explorer

Blockchain Intelligence Group, a global cryptocurrency compliance and intelligence company, owned by BIGG Digital Assets Inc. (CSE: BIGG), is pleased to announce the launch of NFT Explorer, “the first risk and investigation solution for NFTs, built on the QLUE™ data analytics platform.” Development of the… Read More

Star Atlas, MoonPay to Offer Onramp for Next Wave of Metaverse Citizens

Star Atlas, which claims to be a next-gen metaverse with triple-A game design and Unreal Engine 5 graphics built on the Solana blockchain, recently announced a partnership with MoonPay, “enabling players to purchase NFTs and in-game currency ATLAS instantly with a credit card.” MoonPay claims… Read More

Ontology Web3 Network (OWN) Infrastructure to Bring Full Accessibility to Building, Using Web 3.0

Web3 is here to “revitalize” the way in which our entire society operates, “ushering in a new era of trust and collaboration,” according to an update from Ontology. When it comes to building the infrastructure for #Web3, we believe you should #OWN your value. We… Read More

Blockchain Data Analytics Platform Nansen Launches Dashboard for Avalanche to Provide NFT Data Insights

Nansen, the blockchain data analytics platform, has announced the launch of a new dashboard for Avalanche which will “provide extensive NFT market overviews and related data.” Year to date, the NFT-related activity on AVAX has “become a dominant source of activity on its c-chain.” According… Read More

Catalyst Blockchain Platform Now Live on Corda

Catalyst Blockchain Platform is now available on Corda, the distributed ledger technology platform from R3, “created specifically for highly-regulated markets.” Users benefit from both Corda Community Edition and Corda Enterprise Edition, “using Catalyst’s highly-automated processes and intuitive user interface to streamline the development, deployment, and… Read More

Compute North Adds Satyen Yadav as CTO to Accelerate Sustainable Cloud Solutions

Compute North, a firm focused on sustainable, large-scale computing infrastructure, has announced the appointment of Satyen Yadav as Chief Technology Officer “to advance innovation in distributed computing services, including cloud computing for machine learning applications.” As covered, Compute North works with clients in the blockchain/DLT,… Read More

Decentralized, High-Throughput, Gas Efficient IOST Platform Releases Mainnet Olympus v3.8.1

  As the crucial underlying infrastructure of a public chain ecosystem, the mainnet’s performance “determines its development,” the IOST team notes in an update. Since the mainnet launch, the IOST development team claims it has “maintained an innovative attitude and has released frequent updates and… Read More

Web3 Computing has Significant Growth Potential, Could Capture Web2 Computing Market Share: Report

While the adoption of Web2 computing technologies has gained traction in the consumer and enterprise segments, security breaches and privacy concerns “continue to mar this space,” according to an update from Huobi. Web3 computing, with its inherent ability to alleviate such issues, “will likely see… Read More

Growth of L2 Blockchain, Crypto Tech Shows Potential to Compete with L1s: Huobi Research

With major exchanges listing OP tokens recently, attention has been “brought to Layer 2 and its potential to eat into Layer 1’s market share,” according to an update from Huobi. However, the TVL for Layer 2 has “pulled back by over 40%, which is far… Read More

Unstoppable Domains Introduces Profile Badges, “Verified” by On-Chain Activity

Unstoppable Domains, which claims to be the “leading” Web3 digital identity platform and NFT domain name provider, recently announced the launch of Profile Badges “verified by on-chain activity.” Profile Badges act as a way for users “to build and showcase their digital identity, such as… Read More

Oracle Solution Provider Pyth Network Deploys First-Party Financial Data on BNB Chain

The Pyth network, a specialized oracle solution for “latency-sensitive” financial data that is typically kept behind the “walled gardens” of centralized institutions, recently announced the deployment of its first-party financial data on BNB Chain, a “community-driven,” “decentralized” and “censorship-resistant” blockchain, and integration with BNB Application… Read More

AccuWeather Launches API3 Airnode, Bringing Weather Data to Blockchain Apps

AccuWeather, which claims to be the world’s “most accurate” and “most used” weather source, recently launched its AccuWeather API “in collaboration” with API3, a first-party blockchain oracle solution, providing a Web3 wrapper that enables Web API providers to offer AccuWeather’s weather data “directly on-chain.” The… Read More

Cosmos Builders Foundation Launches to Support Expansion of Interchain Ecosystem

The Cosmos Builders Foundation has reportedly introduced its federation of crypto-native organizations “collaborating toward a more vibrant, egalitarian, and resilient Interchain economy.” In coordination with the Interchain Foundation, the Cosmos Builders Foundation is focused on “supporting the maintenance and development of infrastructural public goods for… Read More

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