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New Developments Happening in the Blockchain Space - February 11th

Posted by Simon Keighley on February 11, 2022 - 8:35am

New Developments Happening in the Blockchain Space - February 11th

New Developments Happening in the Blockchain Space - February 11th

Image Source: Pixabay


The FIRST Decentralized Blockchain-Based Hunting Metaverse Launched On Cardano by MetaShooter

According to the team, hunting lovers who prefers to be part of the community can have the following features to work through:

  1. Receive token rewards when they win tournaments, complete trophy collections, or engage in other hunting-related expenditures.

  2. Experience real hunting as they play in tournaments while enjoying the stunning visuals with VR compatibility on the platform.

  3. Develop by building towers, buying hunting lands, earning passive income, and breeding NFT dogs.

  4. They can also customize and upgrade themselves by upgrading their hunting equipment. You can use the various hunting equipment at your disposal to improve your skills and become a stronger and more exceptional hunter. Shotguns, handguns, bows, rifles, and knives are some of the equipment at your disposal for successful hunting sessions.

  5. Community members will experience various environments, realistic dynamics, and stunning visuals on the platform.

These are designed to give users a memorable experience during their hunting expedition. Read More


 

Advancements to Educate About Developments in Blockchain Technology

Scheduled to broadcast Q2/2022, an upcoming episode of the award-winning television series, Advancements with Ted Danson, will focus on the latest breakthroughs in blockchain business structuring and enterprise-grade blockchain solutions.

Hearing from industry experts, the segment will explore how blockchain technology connects the world via decentralization, regardless of industry application. With a look at BLOCKS, the first legally registered decentralized autonomous organization (DAO), viewers will hear how the technology connects industries and enterprise-grade technologies to blockchain with its first to market technology.

“We designed BLOCKS to provide simple, blockchain use cases for consumers, corporations and governments,” said BLOCKS Co-Founder Calvin Wright. “BLOCKS now belongs to a decentralized global community of thousands of members, who can help develop the rails of Web 3 on their terms, rather than the consolidated interests of big banks and mega tech corporations that have dominated previous Web 1 and Web 2 technology cycles.” Read More


 

Ssv.Network Secures $10 Million To Build Decentralized ETH 2.0 Staking Infrastructure

Trustless access to ETH 2.0 staking is a crucial aspect. This approach ensures robustness and stability while aiding in client diversification and further decentralizing the Ethereum network as a whole. Moreover, the research by ssv.network for its SSV technology - now known as Distributed Validator Technology (DVT) - has become an essential element for the Ethereum Foundation's roadmap for ETH 2.0.

ssv.network Core Contributor Alon Muroch adds:

"We identified DV technology at a very early stage as a critical component in Ethereum's transition to Eth 2.0. "It is incredible to see the level of adoption and participation at such an early stage in the network's life cycle. ETH staking and DeFi will be some of crypto's core themes in 2022 and both segments will benefit tremendously from decentralizing Ethereum's security layer, which we call Layer 0. 2021 was the year of L2, 2022 is set to become the year of Layer 0." 

A decentralized approach to Ethereum staking removes the need for relying on trusted validators custodying the private validator key owned by the user. Instead, ssv.network enables staking at the infrastructure level - Ethereum's Layer 0. Moreover, the project has secured crucial partnerships with Digital Currency Grup, Coinbase, OKEX Ventures, NGC Ventures, Allnodes, RockX, AMBER, Skillz, and many others. Read More


 

Blockchain-based internet company 3air abandons Cardano for SKALE network

A dearth of Haskell developers on Cardano prompted 3air to switch over to a more Ethereum-friendly environment.

Africa-focused blockchain internet company 3air has officially abandoned the Cardano blockchain in favor of SKALE, a network powered by Ethereum, after reporting a “massive talent shortage” for Haskell developers. 

The skillset for Haskell, which is Cardano’s primary programming language, appears to be in short supply, according to 3air CEO Sandi Bitenc. After spending months actively recruiting for senior Haskell coders to build on Cardano, 3air was only able to obtain two entry-level part-time developers, said Bitenc. Although the company reached out to development agencies recommended by Cardano, 3air still wasn’t able to find the talent it needed.

"There are many issues we have faced," Bitenc told Cointelegraph in a written statement. "One is for sure a total lack of talented Haskell and even more so Plutus developers on the market. There is also a lack of proper developer tooling and documentation that makes developing on Cardano even harder." He further explained: 

"Additionally, Cardano uses a UTXO model that calls for new approaches to programming smart contract[s] that will not cause congestion issues. As we have seen, nobody has managed to successfully solve this issue since September’s Alonzo fork that brought smart contracts to Cardano." Read More


 

MARKETHIVE - BUILDING A POWERFUL EPIC ECOSYSTEM 

The First In The Social Media Marketing Niche

Markethive is building an epic entrepreneurial ecosystem, never seen before and transcendent to other social media and marketing platforms. The transformation is enhanced with our release of the first of many initiatives being the Wheel Of Fortune and the launch of The Boost to follow soon after. 

With Markethive now running on its own servers, with the security of Blockchain and its Hivecoin about to be released as a native fungible multi-asset token on Cardano, we have arrived as the first mega decentralized social platform marketing network with the mission is to deliver a decentralized and autonomous environment to the masses, that is not subject to the oppressive technocracy.  

Inspired by Binance’s rise in becoming more than a crypto exchange, Markethive goes far beyond by creating a robust ecosystem in the social media and marketing niches. It will deliver very unique aspects to the Markethive exchange by creating niches and exclusivities that no other platform or system has.

As stated by Founder and CEO of Markethive, Thomas Prendergast,

“The transformation has begun. We are releasing our first of many services as we move Markethive into being the most powerful marketing platform in existence, as well as the most powerful Social Network system as well as the most effective broadcasting platform ever built. The Wheel of Fortune is just one of the many major integrations of services coming that entrepreneurs and marketers need and will benefit from. We are building a powerful epic ecosystem never seen before.”  Read More

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How Web 3.0 Will Change The Way Traditional Financial Systems Operate

Web 3.0 takes this a step further. Unlike the current version of the internet, where centralized authorities have taken over almost everything, Web3 aims to restore control to consumers. By design, Web3 will allow people to interact using open, permissionless, and trustless networks without the need for any intermediaries or third parties.

In this context, cryptocurrencies and blockchain technology are the key drivers of Web 3.0. Since Web 3.0 is decentralized and leverages the power of blockchain, the evolving DeFi (decentralized finance) ecosystem will play a much bigger role than what it is doing today.

The worlds of CeFi (centralized finance) and DeFi will merge eventually. Multiple blockchain-based projects are actively working towards bridging the gap between CeFi and DeFi ecosystems, thus creating a novel ecosystem that is more inclusive, fair, and transparent.

The new approach ensures that the data and power of the internet will not be controlled by just large companies but by communities, bringing about community-centered economies of scale. The decentralized world of Web 3.0 is based on participation open to everybody, and the more participants, the more benefits everyone receives. Read More


 

Bitcoin Lightning Network growth capacity plateaus at 3,400 BTC

The capacity of the Bitcoin Lightning Network has short-circuited over the last three months to a 3,400-BTC capacity after surging throughout 2021, according to Arcane Research.

Following an exponential climb in capacity over 2022, the Bitcoin Lightning Network made a lackluster start to the new year. According to a report by Arcane Research, growth in the Lightning Network capacity, or the number of Bitcoin (BTC) locked up in channels, has stuttered. 

The Lightning Network surged from 1,000 to 3,000 BTC in just eight months in 2021, striking the 3,000-BTC mark in mid-October.

While the network continues to strike all-time highs, growth grinds down. The total BTC locked in the network is peaking just shy of the 3,500-BTC mark, sparking debate and discussion on social media. Read More


 

New Alfa Romeo SUV uses NFT and blockchain to track car records

Alfa Romeo’s Tonale NFT certifies a car upon purchase and then records and keeps data during the vehicle’s lifespan.

Italian carmaker Alfa Romeo has unveiled its latest vehicle, the Tonale SUV. The firm claims that it is the first in the industry to connect each vehicle to its own blockchain-based token, which can keep track of the car’s whole life cycle.

One of the most distinctive features of this SUV is that each car is linked to an accompanying nonfungible token (NFT). The Tonale NFT, according to Alfa Romeo, certifies a car upon purchase and then simply records and keeps data during the vehicle’s lifespan. Francesco Calcara, head of global marketing and communication at Alfa Romeo, said:

“Upon customer’s consent, the NFT will record vehicle data, generating a certificate that can be used as a guarantee of the car’s overall status, with a positive impact on its residual value.”

Automobile companies are increasingly investing in the NFT market, which is forecasted to reach $240 billion by the end of the decade — minting unique collectible digital tokens that are sometimes included with vehicle purchases. Read More


 

The Next NFT Gaming Revolution – Edensol’s Solana-based Metaverse

A new NFT metaverse game is positioned perfectly to ride this convergence of powerful future trends – Edensol. This innovative game, developed by Lithuania’s Golem House game studio, has been designed to attract savvy NFT investors, newbie gamers, and the tens of millions of aficionados of games like Path of Exile and Diablo 3.

Edensol revolves around four powerful elements:

Powerful Gameplay – Quests, Heroes, Monsters…and much more. Edensol players are either Mages, Warriors, or Rangers, battling extraordinary creatures on electrifying quests – or fighting each other for supremacy, winning NSOL tokens (the platform’s native crypto), and grabbing additional NFTs as prizes. 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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