BLOCKCHAIN
Blockchains incorporate several important features such as immutability, encryption and distributed storage, which combined makes secure peer-to-peer transactions possible and in turn has created the means to end human dependence on credit and thus credit intermediaries. Due to these features, blockchain has been referred to as ‘the Trust Machine’ and is forecasted to transfer the trust from agencies and institutions which are enforced by law to machine-based networks guaranteed by technology and mathematics.
Visa New Crypto Initiative
Visa is developing a new crypto product to promote the adoption of public blockchain networks and stablecoin payments. The company is seeking software engineers with experience in programming, Web3 technologies, and Solidity to build the product.
Blockchain and Human Consciousness
The reState Foundation held a virtual talk between Vitalik Buterin, co-founder of Ethereum, and Sadhguru, founder of the Isha Foundation, discussing how emerging technologies like blockchain will impact human consciousness.
Venom Foundation Announces the Release of its Public Testnet
Venom, a Layer-1 blockchain that operates out of the Abu Dhabi Global Market (ADGM), today announced that its public testnet is officially live. The milestone marks a significant accomplishment in Venom’s roadmap as it prepares to launch on mainnet. Along with the testnet launch, Venom has also unveiled a host of in-house developed decentralized applications as part of its growing ecosystem.
Firstblock Introduces Firstblock Labs To Support The Next Generation Of Web3 Innovators
FirstBlock, a leading blockchain solutions provider, announces the launch of FirstBlock Labs, a virtual laboratory designed to support and help Web3 startups thrive in the rapidly growing blockchain industry.
Bored Ape Yacht Club wins legal battle
Bored Ape Yacht Club (BAYC) creator Yuga Labs has won a legal battle against copycat non-fungible token (NFT) project RR/BAYC. The United States District Court found that the co-creators of RR/BAYC had infringed Yuga Labs’ trademarks, and Yuga Labs is entitled to an injunction and damages. In other news, Mandala Metaverse has chosen Polkadot to host its first major NFT drop, Final Fantasy developer Square Enix has partnered with Elixir Games for blockchain gaming, and a free-to-play multiplayer NFT cricket strategy game called Cricket Stars has launched on the Tezos blockchain.
Solana Launches Real-Time Carbon Emissions Tracking Dashboard
The Solana Foundation has launched a real-time tracking dashboard to measure carbon emissions on its blockchain, making it the first "major smart-contract blockchain" to do so. The dashboard, available on the Solana Climate website, aims to set a new standard for measuring emissions in the blockchain industry and encourages transparency. The data used to power the dashboard is open-source and modeled on the estimated carbon footprint of the Dell PowerEdge R940. The move comes as global efforts are being made to utilize blockchain technology to monitor carbon emissions.
Bored Ape Yacht Club wins legal battle, Mandala Metaverse selects Polkadot, Square Enix partners with Elixir Games, and Cricket Stars launches on Tezos
Yuga Labs, the creators of the Bored Ape Yacht Club (BAYC) NFT collection, have won a legal battle against Ryder Ripps and Jeremy Cahen, the creators of the RR/BAYC NFT collection. Mandala Metaverse has chosen Polkadot to host its first major NFT drop, called the "Cryptonauts". Square Enix has partnered with Elixir Games to bring blockchain gaming to the mainstream. Cricket Stars, a multiplayer NFT cricket strategy game, has been launched on the Tezos blockchain.
Aleph Zero Launches $50 Million Ecosystem Funding Program
Aleph Zero, a layer-1 privacy-enhancing blockchain, has launched a $50 million Ecosystem Funding Program to support developers in building on its platform and advancing blockchain adoption globally. The program offers grants, incubation, and acceleration, with successful applicants receiving up to $500,000 per project in grant funding, as well as access to a venture capital pool, infrastructure credits, and security design consultations. The program has already produced a range of successful projects during its pilot phase.
UK Aims to Implement Crypto Regulation Soon
The UK plans to establish digital asset regulation within a year to take advantage of blockchain's benefits for the private sector and the economy, according to Andrew Griffith, the economic secretary to the UK Treasury.
Space and Time and Microsoft Make Blockchain Data Accessible on Azure Marketplace
Space and Time and Microsoft announce that developers can now deploy the Space and Time data warehouse directly from the Microsoft Azure Marketplace, an online store providing applications and services for use on Azure. The one-click deployment provides customers with an accelerated on-ramp to easily access, manage and perform analytics on blockchain-native data.