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Solana-Based Music DApp Audius Launches NFT Embed Features, Twitter, And Discord Integration
Audius, a decentralized music streaming platform, has announced the release of a new functionality that would allow its users to embed non-fungible tokens (NFTs) on social platforms such as Twitter and Discord.
According to Audius, the new feature can be enabled by connecting an active Audius account with Phantom wallet, the primary crypto wallet for the Solana ecosystem. It is also available through MetaMask, for Ethereum-based NFTs.
“NFT holders can embed their collectibles from the two biggest blockchains on Twitter timelines, personal blogs, and websites. Thanks to this new feature, will further push collectibles into the mainstream,” Audius stated. Read More
Ripple Partners With Republic Of Palau For New Digital Currency Strategy
Ripple is the leading provider of enterprise blockchain and crypto solutions. It is also the leading force behind bringing cross-border payments across multiple remittance corridors around the globe. In one of its latest projects, the company has joined hands with the island nation of Palau to introduce the USD-backed national stablecoin in the first half of 2022 with the help of the XRP Ledger.
The partnership will leverage the XRP Ledger to create the world’s first government-issued national stablecoin.
For small island nations like Palau, a USD-backed stablecoin would be a viable alternative to central bank digital currencies (CBDCs). Furthermore, having stablecoin-associated use cases like a corporate registry could also play to the country’s benefits. Additionally, strategies for cross-border payments to improve the country’s financial democracy will also be explored in the partnership. Read More
How Solana and Cardano are paving new avenues for NFT growth
With strong competition from networks like Solana and Cardano, will Ethereum’s dominance over NFTs hold much longer?
NFTs are unique digital assets that represent ownership. As proof of ownership, NFTs extend from things like art and digital collectibles to real estate and other physical assets. This is causing a tectonic shift in a wide range of industries, improving the efficiency of ownership transfer and breaking new ground in terms of what digital assets can offer.
According to Jonathan Choi, chief investment officer at Metaplex — the Solana protocol that set up open standards for on-chain digital asset issuance and ownership — that while NFTs are gaining traction among mainstream audiences for profile pictures, artwork, and collectibles, the technology behind NFTs is much more meaningful.
“NFTs can serve a much broader range of use cases, including representing ownership of physical assets such as real estate, loans, luxury items and other digital assets such as audio, files, degrees or certificates,” he told Cointelegraph. Read More
Binance Labs launches eight-week long Season 3 of incubation program to support promising projects in the industry
Incubator programs are becoming essential in supporting the development and growth of the newest blockchain offerings.
Despite the fact that there are multiple ways to raise funds in the crypto space, building a project is much more than just that.
It can be challenging for a new idea to gain the legs it needs to survive and grow into a fully-fledged solution for some of the industry’s most plaguing problems.
That's when incubators are coming into play.
Over the last three years, across five continents and in 25 countries, Binance Labs has continued to seek out blockchain entrepreneurs, projects, and communities that may be able to solve and improve on the technology available today. To provide support and lead the future of blockchain, the team has continued to provide financing, mentorship, and incubation for the most promising projects, helping them reach their full potential. Read More
Elrond has combined the scarcity of Bitcoin, the programmability of Ethereum, and the speed of next-generation cryptos, like Solana, to create a cryptocurrency network unlike any other. Elrond is a platform built for internet-scale and capable of processing thousands of transactions per second at $0.001 per transaction, and able to scale to hundreds of thousands with demand.
Elrond’s distinction is being a project with a soul. One that has united forces of an incredibly vibrant community of 190,000 people, spanning 18 languages and in almost 30 countries. Elrond aims to create the backbone for high bandwidth, transparent financial system, and extending universal access to anyone, anywhere.
Elrond’s egold (EGLD) native token has exploded in value over the last year and seems to be poised for more gains. The Blockchain project has been considered under the radar and received very little crypto media exposure until now. Read More
Ontology and bloXmove to bring decentralized identity to urban transport apps
The move seeks to enable the development of complex decentralized applications.
Ontology, a developer of self-sovereign identification systems on the blockchain, announced a partnership with decentralized mobility platform bloXmove Tuesday morning in a bid to accelerate the development of its decentralized credentials. The decentralized digital identity protocol, or DID, will enable blockchain participants to share their personal information, such as a driver's license, in a private, secured, and encrypted manner.
DIDs may one day be required for complex decentralized finance applications, such as urban transport apps and decentralized health or car insurance. Simple smart contracts would not suffice in processing, for example, where a decentralized insurance underwriter covers a user's claim for medical costs at a hospital.
Ontology would be able to automate and secure settlements via bloXmove's BLXM token. At the same time, bloXmove can achieve better efficiency, lower cost, and interoperability with other networks by utilizing Ontology's blockchain. Read More
Ethereum Has Burned 1 Million ETH Since August Hard Fork
Since EIP-1559 went into effect, over $4 billion in transaction fees have been destroyed by the Ethereum network.
Ethereum, the smart contract-enabled network that Three Arrows Capital founder Su Zhu publicly denigrated this week for putting profits over people, has burned 1 million ETH since an August protocol upgrade.
That's roughly $4.3 billion worth of the cryptocurrency that's been taken out of circulation and destroyed. (Though it might not be worth as much had it not been destroyed.)
In early August, Ethereum developers updated the blockchain with EIP-1559, an Ethereum Improvement Proposal that instituted a base fee, not for miners who validate network transactions, but for the network to take out of circulation. The change was designed to slow the token's growth rate and boost its price while also alleviating some of the worst elements of network congestion by increasing block sizes to include more transactions. Read More
Cardano Increases Block Size By 12.5%, What This Means
Cardano has been making important changes to its blockchain since the launch of smart contracts capability. This had brought with it an increased usage and thus needed to be more scalable to accommodate this increase. Since the launch in September, there have been a number of improvements to the network and the latest is the increase in the block size.
Cardano, in a recent blog post, announced that they were increasing block size by 12.5% to make room for the increased traffic that is expected on the network. The 8KB increase will see the total block size now at 72KB and will allow more transactions to be fitted in a single block. This will allow more transactions to be processed per second, greater data throughput, in turn providing greater capacity for its users. Read More
WAX Builds the Largest Cross-Blockchain Ecosystem for NFTS, Gaming, and GameFi With Binance
WAX, (Worldwide Asset eXchange), co-founder William Quigley has a vision for the future. One in which an NFT bridge – built by the company – would enable blockchain and NFT marketplaces to thrive despite their different chain types.
Quigley’s vision took a giant leap forward recently as the company announced the launch of its GameFi project, ‘Blockchain Brawlers’, that enables users to transfer NFTs used in the game interchangeably between Binance Smart Chain and WAX blockchain through the NFT bridge developed by WAX.
“The NFT bridge built by WAX can build a future we envision, in which blockchain and NFT marketplaces are accessible to everyone regardless of the chain types,” said William Quigley, co-founder of WAX. 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.
