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Soneium blockchain launched by Sony to attract Web3 developers
Sony Block Solutions Labs, a year-old joint venture between the Sony Group and Startale Labs, has introduced an Ethereum layer-2 blockchain to lure app developers across various sectors.
Sony Block Solutions Labs, a joint venture between the Sony Group and Singapore-based Startale Labs, has announced the development of the new layer-2 blockchain, “Soneium.” The blockchain aims to attract app developers from various sectors, including entertainment, gaming, finance and more.
According to a joint statement by Sony Group and Startale, the Soneium testnet would be introduced through a partnership with Astar Network.
The Sony Group has been experimenting with incorporating Web3 technologies in its operations, and its entry into the blockchain space could further bolster Web3 adoption. Explaining the initiative, Jun Watanabe, chairman of Sony Block Solutions Labs, said:
“We will work to create diverse businesses and new use cases with the aim of reaching as many users as possible with the customer value that can be enjoyed only with Web3 technology.” Read More
Could Tokenized Real-World Assets Bring Passive Income Back From the Dead
Amid soaring inflation rates that continue to impact the cost of living, it’s impossible to know for certain when inflation will slow down.
Until then, populations continue facing significant financial strain while grappling with the rising cost of living.
Given these circumstances, it’s clear that not everyone can afford to invest thousands into high-risk, high-reward investments and stock options to hopefully generate extra income.
However, RWA (real-world asset) tokenization could provide an appealing alternative.
Tokenized RWAs, for those unfamiliar, are physical assets like real estate, art or commodities that are digitized and represented by tokens on a blockchain. Read More
Whatever happened to the 10 biggest projects from the ICO era?
Projects that raised millions in the ICO era have struggled to gain traction.
Three out of 10 of the biggest projects launched during the initial coin offering (ICO) era are now inactive or dead, and most of the rest are struggling to find relevancy.
An examination of the big winners during the ICO mania has revealed that raising millions doesn’t solve all your problems, and sometimes, it makes things worse. Read More
Mac users warned over malware ‘Cthulhu’ that steals crypto wallets
The malware targets popular crypto wallets from the likes of MetaMask, Coinbase, and Binance, on macOS operating systems.
Apple Mac users are being warned about a new strain of malware called “Cthulhu Stealer,” which can steal their personal information and target crypto wallets.
“For years, there has been a general belief in the Zeitgeist that macOS systems are immune to malware,” said cybersecurity firm Cado Security on Aug. 22.
“While MacOS has a reputation for being secure, macOS malware has been trending up in recent years.”
“Cthulhu Stealer” appears as an Apple disk image (DMG) and disguises itself as legitimate software like CleanMyMac and Adobe GenP.
When users open the file, the macOS command-line tool for running AppleScript and JavaScript is used to prompt them for their password.
Once this is entered, a second prompt will appear for the password to the popular Ethereum wallet, MetaMask. It also targets other popular crypto wallets, including those from Coinbase, Wasabi, Electrum, Atomic, Binance, and Blockchain Wallet. Read More
The New Mini Blog Newsfeed Is Here At Markethive! A significant achievement unlocked, with many more to come
The Markethive Social Market Broadcasting Network is rapidly gaining prominence as a blockchain-based ecosystem that empowers entrepreneurs with a unique blend of uncensored expression and impartial dialogue, fostering a spirit of collaboration. This sets it apart from the often divisive and restrictive social media landscape.
At Markethive, your experience is our top priority. That's why we're recognized for our evolutionary and innovative ethos. We consistently broaden our decentralized, all-encompassing platform, creating a distinctive news feed interface that fully captures the user's experience.
We operate as an Inbound Marketing platform similar to Marketo and Paragon. The platform is comparable to popular platforms such as YouTube, Instagram, LinkedIn, and Twitter. However, we aim to surpass these traditional Web 2.0 media platforms with the upcoming release of Markethive 2.0, which includes various new features and an improved layout.
In contrast to traditional social media platforms, which rely on a single, primary news feed algorithmically set by the central authorities, Markethive's innovative approach will incorporate four distinct news feeds tailored to support the diverse range of features and functions within the Markethive ecosystem.
Markethive's feeds, including the Conglomerate or general newsfeed, video content, blogging, and curated content, are all about putting you in control. With advanced algorithms, you can tailor these feeds to your preferences, giving you the power to shape your Markethive experience. Markethive's reach is vast, as it consolidates the various features of other platforms into a single, unified system. Read More
Rumpel Labs to launch platform for tokenizing airdrop points
The protocol seeks to address longstanding limitations of airdrops.
Rumpel Labs will launch a new decentralized finance (DeFi) protocol in September to enable users to tokenize and trade airdrop points, according to an Aug. 26 announcement.
Backed by venture capital firms including Dragonfly and Variant, Rumpel “aims to improve liquidity and price discovery for offchain loyalty points, unlocking new opportunities for point holders, traders, airdrop hunters, and point issuers,” it said.
Rumpel joins the ranks of other newly launched protocols — such as Nudge — seeking to remedy problems with existing methods of attracting and incentivizing users in Web3. Nudge is building a two-sided marketplace where protocols pay users incentives to redirect onchain assets, liquidity and engagement. Read More
AI Might Help You Avoid Getting Rekt on Coinbase the Next Time Bitcoin Crashes
The leading crypto exchange has struggled to stay online when Bitcoin prices surge or crash. It says AI has helped it scale up earlier.
Coinbase said on Monday that it has developed and deployed a machine learning model that predicts spikes in user traffic and automatically scales its resources, preventing downtime and increasing platform efficiency. The AI solution aims to deal with the problem of platform crashes during unpredictable traffic surges that have plagued the platform during volatile market conditions.
"Starting to scale when traffic is already high is often too late," the blog explains. “We developed an automatic scaling solution that uses machine learning to predict the traffic spikes and trigger a scale up before the traffic arrives.”
The exchange says the model has already proven its worth during recent volatile market periods.
"As traffic increased so did our scale target, doubling twice a few hours before peak traffic,” Coinbase wrote. “The model continued scaling up and down with the daily usage pattern, until volatility decreased and there was no longer a need to scale up." Read More
The road to mainstream for DePIN goes through this decentralized VPN
Scalable and interoperable DePIN technology can introduce decentralized infrastructure to the masses through real-world blockchain integration and seamless user experiences.
The business world is no stranger to blockchain’s transformative potential, as shown by a 2023 survey, which highlighted that 87% of business leaders are likely to invest in a blockchain solution in the next 12 months.
Yet, few have successfully integrated it into mainstream applications. The real challenge lies in achieving mass adoption, which necessitates embedding real-world products and services into the blockchain, effectively bringing them “onchain.”
To be successful, the transition requires the blockchain to be simultaneously scalable, decentralized and secure. However, this goal is complicated by the blockchain trilemma, a concept that suggests developers often need to compromise on one of these three aspects (scalability, decentralization or security) to improve the other two.
The same survey stressed that the lack of viable tools and interoperability concerns are the biggest obstacles to blockchain adoption in the business world, coming right after limited developer knowledge. This is where decentralized physical infrastructure networks (DePINs) rise to the challenge. Read More
EigenLayer’s EigenDA to support layer-2 native token restaking
Users will be able to earn restaking yield from layer-2 tokens on EigenDA.
EigenDA, EigenLayer’s data availability protocol, now supports native token restaking for layer-2 scaling networks, in addition to Ether and EigenLayer’s native EIGEN token, according to an Aug. 26 post by EigenDA on the X platform.
“Teams can now restake their ERC-20 token to secure a custom quorum for their rollup, unlocking stronger security for rollup users and token yield for token holders,” according to the post.
EigenDA is a “data availability layer” operating on EigenLayer’s ETH restaking platform, designed to reduce the costs of storing and accessing onchain data for Ethereum’s layer-2 scaling solutions. Its mission is to make “reliable, scalable, and secure data availability (‘DA’) abundant,” according to a blog post.
The cost of securely storing and accessing transaction data has been a serious bottleneck for layer-2 scaling chains. Ethereum’s Dencun upgrade in March sought to address this issue with temporary offchain data stores called “blobs.” Other protocols, such as Celestia, offer competing solutions. Read More
Disclaimer: These articles are provided for informational purposes only. They are not offered or intended to be used as legal, tax, investment, financial, or any other advice.
Featured Image Source: Pixabay
