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New Developments Happening in the Blockchain Space: 31-05-2024

Posted by Simon Keighley on May 31, 2024 - 7:27am

New Developments Happening in the Blockchain Space: 31-05-2024

New Developments Happening in the Blockchain Space 31-05-2024

Image Source: Pixabay


Navigating NFT games: Spotting the gems in a crowded market

Analyzing factors such as community engagement, past NFT performance and token price stability can guide users to make informed decisions in the volatile gaming token market.

The trenches of nonfungible token (NFT) based gaming are littered with ambitious projects that promise revolutionary gameplay and sophisticated digital economies. However, many of these ventures fade into obscurity, victims of underdevelopment — or worse — planned obsolescence by nefarious creators.

Amid this tumultuous backdrop of ambitious projects that often don’t deliver on their promises, it’s important for gamers and investors to focus on sustainable development and genuine utility in blockchain gaming offerings to identify projects with potential. Recognizing the situation, we have created a quick rundown of what to look for (and look out for) when analyzing new projects. Read More


 

Decentralized Funding Protocol Polimec Launches on Polkadot

Polimec, a decentralized and community-driven funding protocol designed to transform how Web3 projects raise capital and issue tokens, has officially launched on Polkadot.

Polimec offers a transparent, regulatory-compliant environment that connects investors and startups on a global scale.

Community-Driven Web3 Fundraising

According to a statement shared with CryptoPotato, Polimec represents a significant advancement in Web3 fundraising engagement. The platform enables community members to assess and support innovative projects, driving the future of decentralized initiatives.

“Polimec enables emerging web3 projects, focused on the Polkadot ecosystem, an opportunity to achieve their funding goals. This will maximize their prospects of developing transformative blockchain solutions and increasing adoption by solving real-world problems,” reads the statement. Read More


 

Arta TechFin, Chainlink expand partnership to tokenize real-world assets

Arta TechFin, a Hong Kong-based asset manager, and Chainlink are exploring solutions to tokenize real-world assets like real estate.

Real-world asset tokenization is reportedly the next big frontier for the blockchain industry, and Chainlink continues to expand global partnerships with an emphasis on real-world asset tokenization and cross-chain transactions.

On May 21, The world’s largest blockchain oracle network announced that it is broadening its partnership with Arta TechFin, a Hong Kong-based asset manager and financial services company, to bring real-world assets on-chain.

Arta Techfin’s CEO, Eddie Lau, said the partnership “aims to satisfy market scarcity for an end-to-end solution that addresses pain points from off-chain primary origination and secondary trading to enhanced product integrity.” Read More


 

A New Wave Of Customer Acquisition Coming To Markethive

customer aquisition inbound marketing

Implementing a customer acquisition strategy is vital for any business looking to expand its customer base and foster long-term relationships with potential clients. This process involves attracting and nurturing leads until they are ready to purchase and ultimately converting them into loyal customers. A well-defined customer acquisition strategy helps businesses attract suitable leads and increases their chances of long-term retention. 

This article delves into the significance of customer acquisition, its purpose, and practical strategies for achieving it. However, what sets it apart is the exploration of Markethive's role as a customer acquisition channel. Markethive is not just a platform; it's a specialist that helps businesses accomplish this crucial objective. Businesses can significantly enhance their customer acquisition efforts by understanding and utilizing Markethive's unique features. Read More


 

Ethereum address checksum, explained

To identify possible mistakes made during data entry or transmission, a checksum is a small piece of data extracted from the original data. 

It acts as a distinct fingerprint for data, making it possible to quickly confirm its integrity. Checksums offer a means of confirming that data has been sent or entered precisely, much like the error-correcting codes used in barcodes to ensure accurate scanning.

When a sender computes a checksum for a piece of data, they send the checksum and the data together during data transmission. The receiver uses the same procedure to update the checksum after receiving the data. 

Recalculating the checksum and comparing it to the sender’s shows that no changes were made to the data during the transmission. The data might need to be resent if the checksums don’t match, which indicates that errors have happened. Read More


 

Play Games, Earn Bitcoin: The Best iOS and Android Games That Pay You BTC

You can stack up satoshis while playing Bitcoin games on iOS and Android—and these are actually fun.

Did you know that there are mobile games that pay real Bitcoin for playing? These are legit games that you can download from the iOS App Store or Android Play Store, and as you play the game and watch ads between rounds or levels, you’ll stack up satoshis (aka the smallest denomination of a Bitcoin).

Granted, you’ll need to keep your expectations in check—most of these games pay out something in the ballpark of a few cents worth of Bitcoin per hour of play. Nobody’s going to get rich playing a Bitcoin-infused version of sudoku. But if you’re to play that kind of game anyway, then why not rack up a little bit of BTC along the way?

We’ve been covering loads of these games at Decrypt’s GG, and some are decidedly better than others. So if you’re looking for the cream of the crop, these are the Bitcoin-paying mobile games that we enjoy and have come back to—and not just for the free crypto. Read More


 

Ethereum Creator Vitalik Buterin Warns Against Rushing Into ‘Very Risky’ Superintelligent AI

We must avoid a world where “most human thought becomes read and mediated by a few central servers controlled by a few people,” he said.

Vitalik Buterin, the mastermind behind Ethereum, called for a more cautious approach to AI research, calling the current forward frenzy "very risky." Responding to a critique of OpenAI and its leadership by Ryan Selkis—CEO of crypto intelligence firm Messari—the creator of the world's second most influential blockchain outlined his views on AI alignment—the core principles that should drive development.

"Superintelligent AI is very risky, and we should not rush into it, and we should push against people who try,” Buterin asserted. “No $7 trillion server farms, please.”

Superintelligent AI is a theoretical form of artificial intelligence that surpasses human intelligence in virtually all domains. While many see artificial general intelligence (AGI) as the final realization of the emerging technology's full potential, superintelligent models would be what comes next. While today’s state-of-the-art AI systems have not yet reached these thresholds, advancements in machine learning, neural networks, and other AI-related technologies continue to progress—and people are by turns excited and worried. Read More


 

From Financial To Physical. The Next Big Thing In Crypto - DePIN

Recently, there has been significant interest in decentralized physical infrastructure, also known as DePIN, within the crypto space. People are curious about the potential of this niche and which specific projects within it are worth noting. The latest detailed study, titled State of DePIN 2023 by Messari, aims to provide insights into these questions. This summary will highlight key findings from the report and discuss their potential impact on the cryptocurrency market.

The report commences with a concise delineation of DePIN, an acronym for decentralized physical infrastructure. It encompasses a cluster of ventures that employ cryptocurrency-based incentives to foster a range of physical infrastructure. These initiatives span from decentralized Wi-Fi systems, decentralized computing clouds, decentralized cloud storage solutions, and decentralized mobile networks to other similar endeavours. A salient feature that sets most DePIN projects apart, in addition to their crypto-based incentives, is the accessibility for individuals to contribute, provided they possess the requisite hardware. Read More


 

Lightning Labs successfully tests stablecoin integration on Bitcoin blockchain

Lightning Labs, a developer of software that powers the Lightning Network, has successfully tested Taproot Assets, a new system designed to issue stablecoins on the Bitcoin blockchain.

Thanks to the Lightning Network, this system can handle instant transactions with lots of volume and minimal fees, marking a major step forward in blockchain tech.

The new protocol is a clever twist on Taproot, the latest upgrade to hit Bitcoin. Taproot enhances how the blockchain works by introducing a new tree structure that lets developers tuck any type of asset metadata into an existing output. It also capitalises on Schnorr signatures, which streamline everything and boost scalability, enabling transactions to hop across the Lightning Network.

This technical upgrade is a game changer because it leverages the best of both worlds: the robust security and stability of the Bitcoin network, along with the speed, scalability, and cost-efficiency of the Lightning Network. This development is set apart by its flawless integration with the wider Lightning Network, which enhances its overall impact by enabling smooth exchanges between Bitcoin and Taproot Assets. This interoperability boosts the network’s effects, making the whole system more robust and versatile. Read More


 

Here’s how blockchain can help airlines reduce delays

Blockchain technology offers improved efficiency, reduced delays and better transparency for the aviation industry.

GroundSync uses the travel-focused blockchain Camino Network to increase operational efficiency and reduce delays in the aviation industry.

Anyone who watched Steven Spielberg’s The Terminal, a movie featuring an airport-stuck Tom Hanks, knows that modern airports are immense activity hubs resembling beehives. From landing planes to checking in passengers and loading luggage, airports are home to an orchestrated chaos, where ​​even minor disruptions can cascade into significant delays and operational nightmares. 

The intricacy of airport operations, combined with the lack of transparency and mismanagement of resources, often make it difficult to pinpoint the root causes of delays and mishaps — reflecting a broader list of challenges the aviation industry faces. 

Airport turnaround comes forth as one of the most critical and time-sensitive processes in the aviation industry. It is the time it takes for an aircraft to land, disembark passengers, manage refueling, load new passengers and luggage, and take off again. 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.

 

 

 

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