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Ava Labs partners with AWS to offer one-click node deployment
Other new features include a subnet deployment service and GovCloud integration for compliance-friendly Dapps
Ava Labs, the developer of the Avalanche network, has partnered with Amazon Web Services (AWS) to implement new features intended to make running a node easier, according to a Jan. 11 blog post from Ava Labs.
The new features include one-click node deployment through the AWS Marketplace, AWS GovCloud integration for decentralized app (DApp) developers concerned about compliance, and the ability to create Avalanche subnets with just a few clicks.
In the announcement post, Ava Labs CEO Emin Gün Sirer stated that AWS has been an important part of the Avalanche ecosystem in the past, as it has allowed DApp developers to easily launch nodes to test their software. He expects these new features to make AWS even more useful to Avalanche DApp developers. He explained:
“It has been a huge boon for both individual and enterprise developers to be able to spin up nodes and test networks on the fly with AWS in whatever legal jurisdiction makes the most sense for them. I’m proud that we’ve implemented a protocol that can accommodate millions of participants with near-instant finality. Our work with Amazon can accelerate the positive impact of Avalanche.” Read More
A new generation of P2E games is here, and it's open to everyone
Play-to-earn games were all the rage last year, but their economic model seems to fail. However, one Web3 game has found an innovative solution to make P2E sustainable.
When Axie Infinity launched in 2018, play-to-earn gaming became a sensation. The game turned into a viable source of additional funds for numerous low-income families in the Philippines. However, as Axie Infinity grew and took over the global blockchain-gaming space, the rewards ratio quickly started dwindling.
The main reason for this significant cut in returns for players hides in the design of the game itself. One of the major challenges play-to-earn projects face is creating a self-sustainable in-game economy. Currently, most P2E games start out strong and offer lucrative rewards to players. However, increased in-game token issuing, as more players join, leads to significant value reductions. This, in turn, diminishes players’ earning potential.
And while the GameFi movement is still going strong, representing more than half of all activity in the blockchain industry, something needs to change for P2E to become sustainable in the long run. Read More
Amazon Web Services Users Can Now Launch Avalanche Blockchain Nodes
Ava Labs is joining Amazon’s AWS Marketplace to accelerate institutional adoption of Avalanche.
Avalanche developer Ava Labs will be offering crypto infrastructure through Amazon Web Services (AWS) with the aim of facilitating “enterprise, institutional, and government adoption of blockchain,” Ava Labs announced Wednesday.
Avalanche is a blockchain optimized to support NFTs, Web3 games, and a unique technology it calls “Subnets,” which act like custom blockchains built on Avalanche but can have custom rulesets and even use their own token instead of Avalanche’s native AVAX for paying network gas fees.
As a part of its deal with Amazon, Ava Labs will offer “Subnet deployment” as a service through the AWS Marketplace, meaning any company or organization could enlist Ava Labs to launch a custom Subnet for them on the AWS platform.
“At AWS, we are all about bringing the most cutting-edge technologies to builders, no matter if they sit in a multi-million-dollar enterprise, a government office, or a dorm,” said Howard Wright, VP and Global Head of Startups, AWS, in a statement. “The new capabilities brought by Avalanche enable us to do just that." Read More
Ledger Launches Web3 Game Cometh Battle via Live App
Known for its popular hardware wallets, Ledger is now adding its first blockchain game to the Ledger Live software app.
Hardware wallet company Ledger is adding a blockchain game, Cometh Battle, to its Ledger Live app, the company announced Wednesday.
The firm's software app—designed to provide a more robust interface for users to view their holdings and manage cryptocurrencies like Bitcoin and Ethereum—will now also let users play a Web3 game.
Cometh Battle is a free-to-play sci-fi digital card game that released its open beta version on the Ethereum scaling network Polygon back in May 2022. Its in-game assets are NFTs that can be bought, sold, or rented. It’s also PVP, meaning each player is pitted against another in online person-versus-person matches, à la Activision Blizzard’s popular Hearthstone.
Players receive 40 in-game cards and a non-NFT spaceship for free when they start, and can then purchase both NFT and non-NFT cards alike. The game's NFT spaceships can be bought or rented from other players, allowing users to generate in-game resources to use to craft new NFT cards. Read More
Markethive Leading The Way In Web 3 Social & Market Media
Web 3.0 is the next generation of the internet which people envision will be more decentralized and permissionless. One that's built on decentralized protocols, where users help with content creation and the governance of the web itself. They also have the ability to own a part of the network, so you can think of it as a Read-Write-Own Internet.
There are already several technologies that could serve as the backbone for a Web 3 world. Most point to blockchains like Elrond, Cardano, or Ethereum, for example, but other distributed technologies like IPFS can also be used to decentralize networks.
Thousands of dApps (decentralized applications) are already being built in the Web 3 environment. These often include native tokens to add value to the application to those who hold the tokens. These native crypto assets allow those who participate in the network to share in the value generated from it.
Web 3 promises a decentralized alternative where we are all users, owners, and developers. This quote from Fabric Ventures sums it up beautifully,
“Web 3.0 enables a future where distributed users and machines are able to interact with data, value, and other counterparties via a substrate of peer-to-peer networks without the need for third parties—the result: a composable human-centric & privacy-preserving computing fabric for the next wave of the web.” Read More
Scam alert: MetaMask warns crypto users about address poisoning
The scammers will use wallet addresses generated from vanity address generators and match the first and last characters of their victim’s wallet address.
A new crypto wallet address scam that tries to take advantage of user carelessness has been on the rise, according to the MetaMask team.
In an announcement, digital wallet provider MetaMask warned users of an “address poisoning scam,” where attackers “poison” transaction histories by sending users tokens worth $0 to their wallets. The scammers will use wallet addresses generated from vanity address generators and match the first and last characters of their victim’s wallet address. This gets unsuspecting users to send their funds to the wrong copycat address. Read More
El Salvador passes landmark crypto bill, paving way for Bitcoin-backed bonds
The “Digital Asset Issuance” legislation will also create a regulatory body and establish a legal framework for all digital assets.
El Salvador has passed landmark legislation providing the legal framework for a Bitcoin-backed bond — known as the “Volcano Bond” — that will be used to pay down sovereign debt and fund the construction of its proposed “Bitcoin City”.
The bill passed on Jan. 11 with 62 votes for and 16 against, and is set to become law after it is ratified by President Bukele.
The National Bitcoin Office of El Salvador announced the passage of the bill in a Jan. 11 Twitter thread, noting that it would begin issuing the bonds soon.
According to crypto exchange Bitfinex, which is the technology provider for the bonds, the Volcano Bond — or Volcano Tokens — would allow El Salvador to raise capital to pay down its sovereign debt, fund construction of the Bitcoin City and create Bitcoin mining infrastructure. Read More
‘Wall of worry’ led to digital wallets, blockchain tech ignored: Cathie Wood
Market uncertainty calls for an opportunity to take advantage of disruptive innovation, which has historically “gained share during turbulent times,” said the ARK Invest CEO.
ARK Invest CEO Cathie Wood believes that digital wallets and blockchain tech were among the “game-changing innovations” that the equity markets largely ignored in 2022.
In a Jan. 12 blog post on the ARK Invest website, Wood suggested that the equity market faced a “wall of worry” in 2022, caused by fears of entrenched inflation and higher interest rates and largely ignored some innovative technologies.
Wood highlighted that digital wallets are “replacing cash and credit cards,” noting that they overtook cash as the top transaction method for offline commerce in 2020.
Further arguing that digital wallets should not be overlooked, Wood noted that they also accounted for approximately 50% of global online commerce in 2021. Read More
Cardano ecosystem set to expand with custom-built sidechains
The toolkit will allow for creators of sidechains to choose their own consensus mechanism and other application-specific features, whilst inheriting the security of the main chain.
The team behind the Cardano ecosystem will release a software toolkit later this month that will enable developers to deploy custom-built sidechains on Cardano aimed at improving the ecosystem.
The news was announced on Jan. 12 by Input Output Global (IOG), a blockchain engineering company founded by Charles Hoskinson and formerly known as Input Output Hong Kong (IOHK). The announcement included the official technical documentation for the sidechain toolkit.
IOG developers have already used the toolkit to construct an Ethereum Virtual Machine (EVM)-compatible sidechain public testnet as a “proof-of-concept.” When the audit is complete, anyone will be able to deploy decentralized applications, create smart contracts and move tokens between different testing chains.
The toolkit will also enable the creators of the sidechains to choose their own consensus mechanism in addition to other application-specific features. 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.
