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Tether launches recovery tool to migrate USDT between blockchains
Tether will allow users to move their USDT between blockchains if any of the operated blockchains become unresponsive.
Major stablecoin issuer Tether has launched a recovery tool to migrate its Tether stablecoin between different blockchains amid USDT hitting a $100-billion market capitalization.
Tether announced the launch of a blockchain recovery plan on March 4 to ensure stable access to USDT in case of disruptions faced by one of multiple blockchain networks used for USDT transactions.
According to data from Tether, USDT resides on 14 blockchains as of March 4, including Tron, Ethereum, Solana, Avalanche and Omni. Tron and Ethereum are the two largest blockchains for USDT, accounting for 51% and 43% of all issued USDT, respectively.
Despite relying significantly on blockchains like Tron and Ethereum, USDT exists “independent of blockchains,” Tether’s latest announcement stated, stressing that the blockchains are used “only as a transport layer.” Read More
VanEck’s new NFT platform SegMint highlights TradFi’s keen interest in Web3 tokenization
VanEck continues to expand its presence in the cryptocurrency and Web3 space by launching its own NFT management platform.
Asset management firm VanEck will look to emulate the success of its recently launched Bitcoin exchange-traded fund (ETF) in the United States with a new self-custody nonfungible token (NFT) platform to explore the potential of tokenized digital asset ownership.
Cointelegraph spoke exclusively to Matthew Bartlett, VanEck’s NFT community and Web3 head, ahead of the launch of SegMint at NFT Paris. The NFT asset management platform allows users to vault and fractionalize digital assets by issuing keys that will be tradable on the platform’s in-house exchange.
VanEck, the first U.S. asset manager to file for a spot Bitcoin ETF in 2017, has garnered a reputation as a traditional finance firm actively exploring cryptocurrency ETFs and digital asset ownership. Read More
Astar Network launches Astar zkEVM on Polygon AggLayer
The new zero-knowledge layer-2 chain is the first to be integrated into AggLayer.
Astar Network, a blockchain firm based in Japan, launched Astar zkEVM on March 5, becoming the first layer-2 chain to integrate into Polygon’s AggLayer.
Astar zkEVM is a zero-knowledge layer-2 chain designed to enable cross-chain transactions between the Astar and Polygon blockchains. It’s integrated through AggLayer, a protocol that supports multichain smart contracts via aggregate zero-knowledge proofs (ZK-proofs), essentially making the chains seemingly operate for end-users as though they’d merged into a single network.
According to a blog post from Polygon Labs, AggLayer brings “uniform cryptographic security and atomic composability across aggregated chains without sacrificing sovereignty,” which is to say that transactions remain immutable throughout the entire process of crossing chains.
In a press release seen by Cointelegraph, Sota Watanabe, founder of Astar Network, said the move came as part of Japan’s national tech strategy:
“Our integration in the AggLayer and continuous investment in development solidifies Astar zkEVM’s position as Japan’s web3 authority for innovation, entertainment, and retail dApps, positioning Astar at the forefront of Japan’s web3 expansion in the enterprise, retail, and government sectors, accelerating the growth of web3.” Read More
Major content update arrives to Web3 action RPG with 50K monthly users
Balancing engaging gameplay with a crypto-based economy is critical in Web3 gaming to ensure enjoyment doesn’t succumb to a pay-to-win mentality.
Big Time Studios marries engaging gameplay with a crypto-based economy in its Web3 game, Big Time, emphasizing a player-first approach by rewarding participation with in-game collectibles and tokens.
Web3 gaming seeks to attract users by presenting engaging gameplay and a player-focused in-game economy powered by crypto. The balance between gameplay and blockchain aspects is crucial to onboard players from broader demographics.
If the integration of the crypto economy is too shallow, it risks underutilizing the potential benefits, such as digital asset ownership and the ability to trade the items you’ve crafted. Game developers must observe the impact of economic activities on the gaming experience and adjust accordingly to prevent one aspect from diminishing the other.
As Web3 gaming evolves and shifts toward better gameplay and interaction, new titles arrive with more advanced features, combining the most popular gaming genres. Read More
HVC is poised to triumph in the crypto economy.
Markethive is a monolithic blockchain project currently operating as a social network, an entire inbound marketing platform with email, blogging, and digital media capabilities that broadcast to the vast internet. It’s a complete Market Network and the first of its kind.
Markethive is predominantly a free system where users can access a platform that can cost more than $2,500 offered by other marketing platforms. There are, of course, upgrades that open up more tools and monetization opportunities, the first being the Entrepreneur One Loyalty Program, and coming soon is the Premium Upgrade.
The many domains Markethive has and its autonomous cloud systems that ensure its sovereignty and longevity make it untouchable and immune from the tech giants’ rule and biased agenda. But can still remotely infiltrate the social media platforms and reach the multitudes either locked in or looking for an alternative meritocratic medium.
In other words, wherever you go, Markethive is there, anywhere and everywhere, delivering its message via its community of entrepreneurs to a far-reaching audience. This next-generation social market media is poised in the wings, and when the time is right, it will emerge as a shining light to lift people up and bring financial sovereignty and hope in this gloomy and uncertain world.
The video platform, conference rooms, the unique four specific news feeds currently in development, and many other projects and incentives add to the credibility and need for an ecosystem in the social media and digital marketing space. Read More
Lotte subsidiary partners with Aptos to build Web3 hub
The partnership is aimed at creating a Web3 hub for Lotte, a South Korean multinational conglomerate corporation that oversees roughly 90 business units.
South Korean advertising firm Daehong Communications, a subsidiary of Lotte Group, has partnered with Aptos Foundation to undertake Web3-powered strategic global expansion.
The partnership between Daehong and Aptos marks the commencement of the creation of a Web3 hub for Lotte, a South Korean multinational conglomerate corporation that oversees roughly 90 business units. In an announcement shared with Cointelegraph, Daehong revealed plans to introduce loyalty programs, NFT-based profile picture projects, and entertainment, among other initiatives within Lotte Group’s Web3 hub.
Daehong also laid the groundwork for upcoming nonfungible token projects and use cases for other subsidiaries of Lotte Group. Future Web3 initiatives will include loyalty programs for improving fan engagement and new payment services that aid collectibles preservation and eradicating counterfeit tickets. Read More
How to set up and create an Ethereum wallet
Find out how to set up CEX, DEX and hardware Ethereum wallets that are essential for efficiently traversing the cryptocurrency ecosystem.
For anyone looking to participate in the Ethereum ecosystem, creating an Ethereum-based wallet is often the first step. With a wallet, users can trade or hold Ether and interact with decentralized applications (DApps) and smart contracts built on the Ethereum platform. Thus, the wallet facilitates financial and interactive experiences for the user within the Ethereum ecosystem.
This guide explains how to set up and create an ETH wallet on a centralized exchange (CEX) and a decentralized exchange (DEX) and how to set up a hardware wallet. Read More
A Must-Read Guide to Accepting Cryptocurrency As Payment on Your Website
The digital economy is increasingly fast-paced today, therefore, companies must keep innovating just to stay competitive and satisfy the changing needs of consumers.
One of the innovations that has gotten a lot of attention lately is the possibility of cryptocurrencies becoming a means of payment.
Digital currencies or cryptocurrencies like Bitcoin, Ethereum and many others are on the rise.
Businesses are now looking for ways to integrate cryptocurrency payment options into their websites to capture a new market and ease transactions.
The cryptocurrency notion, enveloped in secrecy and complexity, can be intimidating to a lot of business people.
On the other hand, grasping the basics of cryptocurrency and its advantages can allow businesses of all scales to tap into a new market.
From lower transaction costs and global accessibility to enhanced security and tech-savvy appeal, the advantages of cryptocurrency payments are notable. Read More
Navigating the Wormhole Airdrop: Defi's Next Big Token Drop Explained
Wormhole, a platform fostering blockchain interoperability within decentralized finance (defi), has unveiled plans for an airdrop of its proprietary token, W. The initiative is part of the protocol’s broader aim toward progressive decentralization, rewarding dedicated users and developers within the Wormhole ecosystem.
Wormhole to Airdrop W Token to Advance Defi Interoperability:
Wormhole, a facilitator of cross-chain messages, is set to introduce a token, as disclosed in a recent blog post by its team. Supported by notable entities like Jump Trading, Brevan Howard, Multicoin Capital, and Coinbase Ventures, the defi interoperability platform intends to roll out the native coin through the airdrop process. This distribution event will feature W tokens, boasting a total supply of 10 billion, with an initial market circulation of 1.8 billion. 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.
