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Five Parachains Go Live On Polkadot
Polkadot’s multi-stage launch, which started in May of 2020, has finally been completed, as all the auction-winning parachains have gone live and are currently producing blocks on the network.
The first batch of parachains was onboarded yesterday and includes the five auction-winning parachains from Acala, Moonbeam, Astar, Parallel Finance, and Clover. All five of these parachains were supported extensively by the Polkadot community, with crowd loans of around 100 million total DOT locked.
Back in 2016, the Polkadot Whitepaper outlined the network’s core features and charted out its shared multichain design. The launch of the parachains was the final step in fully launching the Polkadot network. Its thriving community of DOT holders will have the responsibility and the power to approve any future upgrades with the help of the network’s on-chain governance system. Read More
2021 Blockchain Solution of The Year releases the first NFT game
The play-to-earn age is here, but that doesn’t mean the blockchain it is taking shape on is defined.
The play-to-earn model has shown an entirely new world to gamers, one that will reward their efforts for spending time in an ecosystem — for example, taking a traditional game like Mario in a play-to-earn model would earn income, as Mario wins a race in MarioKart and defeats his opponents. These earnings would then translate into real money when traded on an exchange, a concept that makes gaming only that much more rewarding. This play-to-earn concept is only possible through the existence of nonfungible tokens (NFTs), which many have gotten to know as digital collectibles that, when put in the right environment, enable users to engage in gameplay like that of a traditional game while resulting in digital rewards that can be sold for real rewards.
However, the integration of earning and gameplay is still being determined as developers learn from existing projects. Puppy Planet is one of these games integrating NFT, decentralized finance (DeFi), and GameFi platforms in a play-to-earn model that allows players to hatch pups. Combining innovations from Axie Infinity’s smart contract games, the functionality of ABEYCHAIN, and additional opportunities for players to participate in the collectible NFT market. In practice, this environment allows participants to buy and sell NFT pets and use pet mining to earn additional income as they participate in the game. Among other opportunities will be the chance to stake their tokens in a mining pool and earn PUP token rewards. Read More
The NFT world is gradually bridging the gap between niche and mainstream
Whether it be celebrities, big brands, or corporations, more eyes will come to the NFT space, leading it to mass adoption.
It is no secret that nonfungible tokens (NFTs) are still a niche subject. Despite their rapid surge in popularity during 2021, there is still a significant percentage of people who do not know what an NFT is. Reflecting on the graph below, it is evident that a lot of work needs to be done for NFTs to truly hit the mainstream.
However, it is clear from recent months that there is potential for this to happen, and there have been many signs of awareness and adoption which I will discuss in this article. Read More
Could Legacy Brand RadioShack Redefine Itself Through… DeFi?
RadioShack was a technology hallmark in the late 1990s. Big box stores dominated the emergence of new technological innovations when personal computers, cell phones, printers, and the like all started to hit the market and were host to a fast race to be a leader in innovation.
However, in recent years, big-box presence has dwindled, and RadioShack has been largely seen as a legacy brand that failed to shift to consumer demand – investing in brick and mortar without optimizing their online shopping experience.
Could the century-old consumer goods brand keep its heart pumping through… DeFi? Read More
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. Read More
Uniswap Community Votes to Deploy v3 on Polygon, Contract Support Coming in a Few Days
One of the largest decentralized exchange (dex) platforms in terms of trade volume, Uniswap, has announced that the dex community has approved a governance proposal to support the Polygon blockchain.
Uniswap to Support Polygon PoS Blockchain:
In terms of trade volume, statistics show that Uniswap version three (v3) commands the largest 24-hour trade volume with $1.5 billion swapped during the last day. As far as total-value locked (TVL) in defi is concerned, Uniswap has $8.6 billion on December 19, 2021. That’s the second-largest TVL below Curve Finance’s $21.8 billion TVL. On December 18, the official Uniswap Labs Twitter account notified the public that the Uniswap community has voted to support the deployment of Uniswap v3 contracts on the Polygon (MATIC) network. Read More
How Can Fashion Enthusiasts Benefit From Getting into Blockchain?
Cryptocurrencies, NFTs, blockchain, and DAOs – none of these are things you’d expect to hear about at Fashion Week. Right now, the fashion world is still standing at a distance from the world of blockchain. Generally, fashion enthusiasts make clothing purchases using fiat currency rather than cryptocurrency, and as far as any of their “collections” go, they’re most likely not NFT collections. However, as we enter ever so boldly into the Web3 era of the internet, the many new conversations around blockchain are bound to have piqued the interest and curiosity of some fashionistas around the world, and maybe confused a few in the process. If this sounds like you, then consider this as your first step towards a new understanding of blockchain, through Faith Tribe – the upcoming blockchain project of Parisian fashion brand Faith Connexion. Read More
SocialGood: Crypto Presenting a New Era for E-shopping
SocialGood is a blockchain initiative that aims to rebuild capitalism.
By using SG, users could receive up to 100% of their purchase back in crypto.
Through everyday shopping, users (consumers) can build up their assets at no cost to them.
In this day and age, it is common practice for retailers to offer cashback as a marketing strategy to attract online shoppers. Working with merchants and implementing a variety of techniques, cashback firms give competitive rewards for retail transactions to incentivize spending.
Among those merchants, there is the SocialGood App which has recently surpassed 600,000 users worldwide with a straightforward model: it rewards its users with a portion of their purchase, at no charge, when they buy items at their retail partners via its platform. The more people use the platform, the more profit is delegated to non-profits doing essential work helping others. Read More
Dubai World Trade Centre Sets Out To Develop Future Crypto Hub
The United Arab Emirates is creating a new economic sphere made specifically for crypto. In an announcement made today by the Dubai Government Media Office, details of a new plan for a "crypto hub" in the global city, with its homebase to be set up in the Dubai World Trade Centre (DWTC).
According to the announcement, DWTC will serve as a comprehensive zone and regulator for virtual assets and crypto, as well as digital assets, financial products, and a host of facilities for blockchain operators and crypto exchanges.
These plans for the new crypto hub are strategically aligned with the Dubai Blockchain Strategy, an initiative launched in 2016 by Dubai's Crown Prince, H.H. Sheikh Mohammed bin Rashid Al Maktoum. The announcement says that the Dubai World Trade Centre is set to create a "comprehensive ecosystem" that accelerates the growth of this progressive economic sector within the global city.
"The Dubai World Trade Centre will collaborate with the private sector and relevant entities in Dubai to create an attractive environment for the sector, and enforce rigorous standards for investor protection, Anti Money Laundering (AML), Combating the Financing of Terrorism (CFT) compliance and cross border deal flow tracing," the Dubai Government Media Office stated. 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.
