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How to bridge tokens from other chains to the Polygon Network
To do anything on Polygon, you'll need MATIC, which isn't always easy to come by from other networks' DEXes.
Bridging assets could help solve issues like scalability, speed, and high fees. Bridging means users can move their tokens between blockchain networks quickly and cost-effectively.
The Polygon Bridge is used for cross-chain transactions between the Polygon (MATIC) and Ethereum (ETH) blockchains. It allows users to transfer ERC tokens and NFTs to the Polygon sidechain through smart contracts.
This guide will show you how to bridge Polygon with other blockchains. However, given that Ethereum is the platform most often used for decentralized finance (DeFi), nonfungible tokens (NFTs), and the metaverse, we’ll be looking at how to bridge tokens from the Ethereum network to Polygon, an increasingly popular platform due to its efficient interoperability. Read More
Ripple claims ‘a very big win’ in SEC case
Ripple Labs was able to gain a victory against the SEC in its ongoing securities fraud case. The judge on the case denied the SEC’s motion to review certain documents that may not be material to the prosecution.
Ripple Labs has struck a blow against the Securities and Exchange Commission’s (SEC) case after the presiding judge made a ruling that one Ripple community lawyer calls “a very big win for Ripple.”
The SEC filed suit in 2020 against Ripple and executives Brad Garlinghouse and Christian Larsen for selling unregistered securities.
Presiding Judge Sarah Netburn denied the SEC’s request to reconsider shielding documents under privilege related to a June 2018 speech made by SEC’s then-director William Hinman. In the speech, Hinman said Bitcoin (BTC) and Ether (ETH) are not securities.
The SEC previously did not object to those documents falling outside deliberative process privilege (DPP) protection, as it suggested they are only concerned with Hinman’s personal views and not SEC policies.
The DPP exempts some documents in a case from being disclosed by the government so it can confidentially review existing policy based on the materials of the documents. Read More
Solana NFTs launch in beta on leading marketplace OpenSea
Solana NFTs (non-fungible tokens) have finally gone live on Opensea, the leading NFT marketplace.
Despite being the home ground of Ethereum-based NFTs, OpenSea’s users have long requested integration of the Solana network.
Launching in beta with 165 NFT collections and partners, OpenSea plans to “improve the Solana experience” over time and add more collections every day.
OpenSea said: “Solana has emerged as one of the fastest growing NFT ecosystems in the world, and is among the most requested chains by the OpenSea community. We believe the future of web3 is multi-chain, and we’re excited to welcome Solana to OpenSea.” Read More
NFT domains marketplace launches to provide bridge to the next generation of internet and Web 3.0
With decentralized internet becoming a reality, website owners must embrace the future of blockchain or risk getting left in Web 2.0. New NFT domains marketplace launches to inside new opportunities on Web 3.0.
The majority of internet users today recognize domains as being the combination of letters they type into their browser. However, what many don’t know is that domains were designed to accomplish a lot more than displaying a website, with functionality to send emails and make payments, to list a few. So, why aren’t we seeing domains leveraging this additional utility? In short, the answer comes down to their control from centralized servers. As the story goes, with centralization comes greater control, in turn, adding barriers to innovation.
Fortunately, the rise of nonfungible tokens (NFTs) and decentralized technologies have proven that once high barriers can be eliminated. With decentralized domains, users maintain self-custody, ensuring the complete control of their assets, verified on the blockchain and stored similar to a cryptocurrency in a virtual wallet.
These domains then gain advantages such as the ability to support decentralized websites, provide full ownership control of domain management features and allow developers to innovate beyond what is typed into a browser. In fact, NFT domains are said to be the catalyst in bringing about transformation to the internet as the world knows it today. Read More
What Does The Wallet Do? What Does It Mean For You?
The launch of the Markethive wallet is approaching, so it’s time to start beating the proverbial drum. It is the start of an exciting time with the advent of many integrations to follow the release of the wallet that will bring Markethive into prominence as an unprecedented platform. The combination of inbound marketing, social media, digital broadcasting, video, conference rooms, e-commerce, gamification, etc.
Markethive is a blockchain-driven crypto economy, all-inclusive, with a distributed database system required for this decentralized, monolithic global project. We’re almost there with the release of the wallet that will initiate entrepreneurial sovereignty and open the floodgates of this divine enterprise with its plethora of systems and services, including the new interface and dashboard.
We now have a complete working wallet with the Solana Network, and we also have a fully functional crypto merchant account. The Markethive wallet is being polished with the finishing touches, keeping mindful that it’s not just a simple wallet but a comprehensive, dynamic engine centralized for you that powers your platform and business.
Markethive is fundamentally a sophisticated inbound marketing and storefront platform, integrated with a social network, and not just another social media platform you see popping up to counter the media tech giants we’ve come to know as oppressive, censoring you and using your personal data for their own gain. Read More
Cardano (ADA) Ecosystem Exploding As Hundreds of New Projects Spring Up: IOHK
Ethereum challenger Cardano (ADA)’s ecosystem is bursting with activity as hundreds of new crypto projects have emerged on the smart contract platform.
In a lengthy Twitter thread, Cardano developers Input Output Hong Kong (IOHK) tell their 255,000 followers that a variety of new projects are set to make a name for themselves on the Cardano network.
“Stablecoins, sidechains, NFTs (non-fungible tokens) and partnerships, launchpads and project launches, converter bridges… getting overwhelmed with all the news from the Cardano universe?”
IOHK notes the numerous decentralized exchange (DEX) platforms that have launched or are launching soon on Cardano, such as AdaSwap (ASW), MuesliSwap (MILK), ErgoDEX (ERG), MiniswapDEX, and stablecoin swapping network WingRiders.
IOHK also discloses that several NFT marketplaces will have a home on Cardano as well, such as NFT Maker (NMKR), ADANFT, Jam On Bread, and JPG Store. Read More
Ethereum Merge a ‘few months after’ June: Dev clears up what’s going on
The long-awaited Ethereum Merge is set for yet another delay, with developers working on the upgrade estimating a completion time a “few months after” in June.
Owing to the success of testing, there was a general expectation the Merge would go through mid-year. However, the latest setback is unsurprising given that proof-of-stake (PoS) has constantly been delayed ever since it was first proposed.
That said, the signs are promising that the Ethereum mainnet will actually merge with the Beacon Chain to become a proof-of-stake network this year. For real.
Ethereum developer Tim Beiko provided the updated timeline via Twitter yesterday, tentatively stating that the core devs are into the final stretch:
“It won’t be June, but likely in the few months after. No firm date yet, but we’re definitely in the final chapter of PoW on Ethereum.” Read More
Cardano Founder Explains What Users Should Expect From the Upcoming Vasil Hard Fork
Charles Hoskinson, Founder of Cardano explains why he thinks the upcoming Vasil hardfork will be “major major major major”.
On April 12, Charles Hoskinson, founder of Cardano, posted a “recap video” on his YouTube channel, explaining the new update that will make Cardano better after the “Vasil” hard fork.
At the beginning of the video, Hoskinson mentioned that he was preparing for the upcoming Consensus 2022, which will take place in Austin, Texas, from June 9-12. There, he expects to show the crypto community and Cardano enthusiasts that IOHK and the Cardano development team are “open for business.”
“We’re there, and we’re trying to get a lot of people there to come and set up booths and talk, and we’re going to obviously host a Cardano specific event at Consensus.”
In addition, Hoskinson announced that the Vasil hard fork (named after his late friend and ADA ambassador Vasil Dabov) will take place sometime in June and bring a “massive performance improvement to Cardano.”
“As many of, you know, a major major major major major hard fork combinator event is happening in June, which is the Vasil hard fork, and that is going to contain pipelining [one of the pillars supporting Cardano’s scaling], which will be a massive performance improvement to Cardano.” Read More
DTSocialize Returns Users Ownership Over Their Data In An End-To-End Ecosystem Of Services
DTSocialize Holding has created a unique ecosystem where users will be able to manage their assets, communicate, and shop, both in the physical world (as already possible) and in the virtual one. DTSocialize offers its community of users a whole suite of solutions in a single ecosystem that respects privacy and anonymity while ensuring the highest level of compliance. Furthermore, the community empowers users to be rewarded for the data it accepts to share within this unique ecosystem. By empowering its users to monetize their data, DTSocialize allows them to receive rewards within its ecosystem, challenging Big Tech to do the same.
“Our vision is for users to have one single digital identity across all our platforms,” says Danielle Marinelli, CEO, and Founder of DTSocialize Holding Ltd. “We aim to provide an ecosystem where users can seamlessly socialize, interact, and make transactions. Our solutions are built to perfectly integrate, in the near future, into our Metaverse platform Umetaworld.”
DTSocialize Holding is a diverse, next-generation FinTech and Tech service provider that aims at integrating financial solutions into social communication and networking apps, including the use of digital assets in financial and commercial transactions. 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.
