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.
Puma Launches Metaverse Space Black Station for Displaying NFTs
Puma has entered the metaverse by launching an interactive space titled Black Station to showcase limited edition NFTs based on its sneakers.
Binance Labs to Establish a Web3 Developer Community
On September 9, Binance’s official Twitter announced that its Binance Labs is planning to build a Web3 developer community, but the specific information has not been disclosed.
Web3 Music Platform Coop Records Raises $10 Million
Coop Records, a Web3 music-focused platform founded by NFT song collector Cooper Turley, has raised $10 million, according to Billboard.
Venture Capital Firm MetaWeb Ventures to Establish $30M Venture Fund
Venture capital firm MetaWeb Ventures has announced the launch of a $30 million venture fund to focus on decentralized social media, DeFi, gaming and decentralized autonomous organizations.
Opinion: Why the Ethereum Merge will be a game-changer for DeFi?
Ethereum’s upgrade from proof-of-work to proof-of-stake is about long-term value creation, not short-term price movement, argues Coins.ph CEO Wei Zhou.
Digital Asset Management Market Speculated to Generate $9.32B in Revenue by 2028
The digital asset management market is expected to generate revenue worth $9.32 billion by 2028 based on soaring demand, according to a report by SkyQuest Technology Consulting.
Thai Regulators Make Moves to Tighten Crypto Rules
Regulators in Thailand have introduced tighter rules for digital assets due to trading irregularities and the fall of a top acquisition involving a crypto exchange.
Elliptic Hires OakNorth's Jackson Hull as Chief Technology Officer
As CTO, Hull will be responsible for taking Elliptic into the next phase of its product and technology growth, leading one of the major blockchain analysis providers.
FTX Ventures Leads $300m Series B Funding for Mysten Labs
Mysten Labs, the startup behind the highly hyped Sui blockchain protocol, has raised $300 million from top investors in the Web3.0 ecosystem.
BNB Chain Launches Zero-Knowledge Proof Scaling Tech
The zero-knowledge proofs utilize mathematical proofs to allow the verification of specific data without the requirement to reveal the details.