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Polygon network activity spikes as NFT sales reach new height
Polygon's NFT market continues to attract users, though the demographic is more aligned to gaming companies and developers than collectibles as on the Ethereum network.
An Ethereum-based scaling solution seeking to construct, distribute and manage securities on blockchain technology, Polygon’s ecosystem has grown exponentially over the past twelve months, registering in excess of 3,000 decentralized applications on its network, in addition to a total value locked figure of $3.86 billion.
Alongside this, the number of unique daily active proof-of-stake chain addresses on the network is also expecting a new all-time high, aiming to surpass the record of 566,516 printed on Oct. 2, 2021, with the most recent data from Jan. 5, 2022, calculating 554,163. Read More
How to enhance liquidity: in a conversation with a cross-chain network
The reward competition between staking and defi might be resolved by building a relationship between staking and an application layer.
Launched in 2019, Bifrost has been focusing on developing a parachain for liquidity staking. Tyrone Pan, Bifrost product manager, talked to Cointelegraph about liquidity release solutions and why they are important for efficient and secure staking.
Nowadays, the proof-of-concept (PoC) consensus mechanism is dominating the blockchain world. Most proof-of-stake (PoS) public chains require validators or full nodes in the network to stake part of the token, ensuring that the blockchain can operate safely.
According to the Staking Rewards data, the average staking rate of PoS blockchains is above 55%, and DeFi protocols have over 30% staking rate.
Therefore, the liquidity problem during the staking period needs to be solved urgently, which will significantly increase the fund utilization rate of the entire network. Anc Bifrost was founded in 2019, aiming to solve this problem. Read More
Defi Lending Startup Aave Launches Permissioned Platform to Entice Financial Institutions
On January 5, the open-source non-custodial decentralized finance (defi) lending platform Aave launched a permissioned version of the protocol aimed at institutions. The platform dubbed Aave Arc will leverage Fireblocks as the first whitelister as the platform aims to help bridge traditional financial institutions with defi.
Aave has launched a permissioned platform called Aave Arc on Wednesday, a new protocol dedicated to financial institutions that want to participate in defi in a compliant manner. Aave is a popular defi lending platform and the defi protocol has the third-largest total-value locked (TVL) today. Metrics show that Aave has a $14.52 billion TVL spread across three blockchains including Ethereum, Avalanche, and Polygon.
The crypto custody firm Fireblocks has approved 30 financial entities to join Aave Arc. The list includes firms like Ribbit Capital, Coinshares, Hidden Road, Wintermute, and Celsius. Aave revealed the Aave Arc concept in July 2021, and in mid-November, it was disclosed that Fireblocks was the first whitelister. The defi startup also described how Aave Arc would work after explaining that defi was “inaccessible to traditional financial institutions.” Read More
Binance implements a ‘fair way’ to purchase NFTs
Binance’s NFT marketplace is introducing its NFT Subscription Mechanism, a new feature that claims to give buyers a fair shake.
Due to the rise in demand, it’s increasingly harder to purchase nonfungible tokens (NFT) on their initial launch. Because of the limited supply and high demand, some NFT drops have sold out after only a few seconds of release.
With this, users who are interested in purchasing newly released collections have no choice to wait until the initial owners decide to flip the NFTs for some profit, resulting in having to pay more or not being able to acquire any of the NFTs entirely.
Therefore, Binance introduced a subscription mechanism that lets everyone have an equal opportunity to buy newly released NFTs on its marketplace. The marketplace’s new NFT Subscription Mechanism lets users have a higher chance of being able to purchase NFTs by limiting the allowed amount of NFT purchase per person and following a randomized buyer selection process.
Users who want to participate in NFT Subscription Mechanism sales need to follow a process that comprises four phases — preparation, subscription, calculation and distribution. 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
Cardano-Powered Platform Chosen by Samsung for New Environmental Initiative
South Korean electronics giant Samsung says it has chosen a platform built on Cardano (ADA) for a new tree-planting initiative.
In a new press release, Samsung details how it will be teaming up with veritree, a Cardano-based project that allows users to donate their ADA tokens to plant trees as a means of combating climate change.
“[Samsung] has set a goal to plant two million trees in Madagascar by the end of the first quarter of 2022. Samsung is partnering with climate solutions platform, veritree, to manage the tree-planting initiative by harnessing blockchain technology to verify and track every step of the reforestation process.” Read More
How Can DeFi Traders Automate Arbitrary Transactions?
Decentralized technology, such as a blockchain or smart contract, can introduce many quality of life improvements. That concept also applies to decentralized finance and how users think of arbitrary transactions. Automating all of these small - but necessary - transactions will provide traders with peace of mind and give them much more time to focus on other meaningful opportunities that cross their path.
Autonomy Network is the provider capable of providing these solutions. Users can set up a dedicated smart contract to create their own transactions. Such a degree of customization and personalization changes the DeFi narrative for those already in the industry and those who remain on the fence about taking the plunge. Setting up everything once and having the technology take care of it all without human intervention makes DeFi much more appealing.
As DeFi opportunities operate on a 24/7 schedule, traders need to embrace solutions capable of matching that pace. Humans cannot function 24/7/365 without taking breaks and sleeping. On the other hand, smart contracts have tremendous potential for decentralized automation of arbitrary transactions. Users can automate any action in the future under any condition. That applies as much to limit orders and stop losses as to impermanent loss protection, autonomous NFTs, recurring payments, and much more. Read More
Herobook Inherits The Quintessence Of The Traditional Game And Excels With The Combination Of Blockchain Technology
If real-life inhibits people's abilities, Herobook will provide an opportunity for everyone to unleash their potential. Herobook wants to create a world where people step in to satisfy their creativity, explore thinking, interact and join hands to realize the common good.
Hero Book aims to become a Metaverse connecting the Blockchain games and traditional games network in the international game market.
Herobook was created with the vision of becoming a metaverse that connects many blockchain games and traditional games in the market.
Developed based on the Superhero storyline, fighting for the family's sustainable peace, with a diverse possession of more than 20 species with different ranks and rarity. Each species has a unique feature and function and of course, the higher the rarity and rank, the greater the value of the personnel, all of which will be attributed to Hero NFT (HBG) built on the BEP-20 platform, with a total supply of up to 1,000,000,000 HBG (1 billion tokens).
With a solid construction on the three platforms of HBG, it has created a diverse, attractive game ecosystem with the ability to optimize profits for participants. Read More
NFTs will Outrun Bitcoin due to the Proof of Ownership for Real-World Items, Kevin O’Leary says
Shark Tank investor and Chairman of O’Shares Investment Advisers, Kevin O’Leary, believes that non-fungible tokens (NFTs) have a bigger shot of surpassing Bitcoin because they can digitally show ownership of real-world things like flash cars or designer watches.
Speaking on CNBC’s Capital Connection Wednesday, O’Leary revealed his bullish sentiments about NFTs and stated:
“You’re going to see a lot of movement in terms of doing authentication and insurance policies and real estate transfer taxes all online over the next few years, making NFTs a much bigger, more fluid market potentially than just bitcoin alone.”
Nevertheless, he disclosed that he was investing on both sides of the equation.
O’Leary’s latest suggestion is a change of tune because he was previously a heavy critic of cryptocurrencies, even at one time calling Bitcoin “garbage” in 2019.
NFTs continue taking cutting-edge influence on the world, given that their total market capitalization stood at $31.6 billion at the close of 2021. 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.
