x
Image Source: Pixabay
Binance Launches New Feature for Users to Buy NFT Collections
Binance NFT has announced the introduction of the Subscription Mechanism, a new feature that will help Non-Fungible Tokens buy into new NFT projects easily and in a fair manner.
The Binance Subscription feature is broken down into four phases: Preparation, Subscription, Calculation, and Distribution.
Lovers of NFTs and, particularly, committed NFT collection investors can attest to the stress and uncertainty that often plagues getting allocations during launches. The high demand for NFT drops has made it impossible for the average investor for a collector to buy their favourite arts from Ethereum blockchain-based collections as buyers are often engaged in wars of gas fees to gain a competitive advantage.
Binance Smart Chain and its relatively lower fee structure already solve the Ethereum-prone challenge. Still, the prior model does not guarantee a fair allocation and participation in NFT collection launches. The new Subscription Mechanism is reportedly designed to change the narrative. Read More
Samsung launches metaverse store in Decentraland
The Samsung metaverse store is a replica of a real-world shop situated at 837 Washington Street in New York City’s Meatpacking District.
On Thursday, the consumer electronics giant announced the opening of a virtual replica of its iconic New York physical store in order to enhance customer interaction at a time when COVID-19 is keeping people away from physical shops.
The Samsung metaverse store is a replica of a real-world shop situated at 837 Washington Street in New York City’s Meatpacking District in Manhattan. The Samsung 837X shop will now be accessible in the metaverse for a limited time. The company claims that it is one of the largest brand land takeovers in Decentraland, a blockchain-powered metaverse.
Customers must first enter Decentraland via a web browser to access the store. After logging in, their avatar will be sent outside Samsung’s metaverse structure. When the avatar enters the lobby, a virtual guide will lead the avatar to one of three interior rooms: sustainability, customization, and connection. Read More
Solana network faces degraded performance for the second time this week
The Solana blockchain has faced its second network performance degradation incident this week. According to Solana, this is happening because of a rise in high compute transactions.
As a result, the network capacity, which was originally advertised to be 50,000 transactions per second (TPS), was reduced to several thousand TPS. Solana cited this as the reason why users experienced failed transactions and added that its developers are already working to fix the issues.
This latest network issue came only a few days after a similar incident on Tuesday, where users experienced the same problems. Many speculated that the Tuesday incident was due to a distributed denial-of-service (DDoS) attack, but Solana co-founder Anatoly Yakovenko responded on Twitter, saying that it’s just the “pain of getting a new runtime commercialized.” Read More
Crypto Exchanges Flourish When Powered By 'Plug and Play' Technology
Crypto exchanges are differentiating themselves through proprietary features—and placing their frontend in the hands of TradingView’s trusted service.
Infrastructure is on fire. With new tokens and stablecoins ruling Twitter headlines in 2021, trading venues and the crypto exchange market are now growing at a breakneck pace and competition is fierce. More than 30 exchanges raised significant funding rounds last year, and the trend shows no signs of letting up.
This means that in order to build a competitive advantage, exchanges need to move fast, and grab market share. Both centralized and decentralized exchanges need to scale as quickly as possible—and with the talent shortage that already exists in crypto, developers have little time to focus on creating their own trading utilities, like charts, order tickets, portfolio management, or other data visualizations.
The real value comes down to great marketing, and each exchange's unique features—elements that are predominantly found in backend and middleware development, said Pierce Crosby, general manager of TradingView.
"Since the market is moving this fast," Crosby told Decrypt, snapping his fingers, "what’s the competitive advantage in building charts yourself? Matching engines, multi-chain trading systems, vibrant communities, connecting crypto wallets and liquidity pools—it’s the proprietary things like this that make one exchange actually distinct from another.” Read More
A token that is only a medium of exchange has a very strong chance of falling victim to price manipulation. Alternatively, Markethive has in place, numerous velocity stabilizers including staking, (The Vault), network utility expansion, and the fact it is a cryptocurrency coin, will keep the balance of velocity. This ensures that the velocity is maintained for the initial and long-term price of MHV and is indicative of a healthy Markethive Ecosystem. A strong economy will in turn sustainably increase MHV’s price.
Coins or Tokens that are structured to capture a significant portion of the economic value generated by the network will reward both the investors who took on early-stage risk as well as the platform who can continue to fund development through the retention of now valuable tokens.
There is a huge market looking for what Markethive does. Read More
GameStop Turn To NFTs, Plans To Launch Marketplace Later In The Year
Video game retailer GameStop has entered the non-fungible token (NFT) space. According to the Wall Street Journal, it is forming a division to develop a marketplace for non-fungible tokens and form cryptocurrency partnerships with crypto firms.
According to the WSJ story, the company has employed more than 20 individuals to oversee the unit, which is developing an online hub for buying, selling, and trading NFTs of virtual videogame artifacts like avatar clothing and weaponry.
GameStop launched its NFT website last year and has been inviting creators to join the platform.
The company is also close to signing deals with two crypto startups to exchange technology and co-invest in the creation of blockchain and NFT-based games, as well as other NFT-related initiatives. According to the report, the store plans to get into similar deals with a dozen or more crypto startups this year and invest millions of dollars in them. Read More
Frankfurt School launches new Master in Blockchain & Digital Assets degree in a hybrid model
In November 2022, Frankfurt School of Finance & Management will be launching a new, English-language Master in Blockchain & Digital Assets (MSc) degree programme (@fsblockchain). This will make it the first German university to offer a post-experience Master programme focusing on blockchain.
The Head of the Frankfurt School Blockchain Centre Professor Philipp Sandner will be the academic director. The Master in Blockchain & Digital Assets degree course is intended for students in full-time employment and aims to provide ambitious professionals with an in-depth, career-boosting grounding in blockchain and digital assets. The programme will be taught over four semesters in a series of one-week blocks in a fully hybrid model. Students can participate from the Frankfurt campus or online. The application deadline is 15 September 2022. Read More
Metaverse: The Next Blockchain or Augmented Reality?
Kinetic Financial evaluates current tech trends from a financial perspective.
Consumers are increasingly engaging on video chats and thinking to themselves if “it could have been much easier as a phone call”? Especially when that video call involved a few people that have no idea how to use a computer, let alone connect to a video. Add in new complications we’ve had to conquer including (but not limited to) sending out electronic invites, downloading new software or applications, troubleshooting/possible delays due to tech issues, giving up personal data, and even paying for services on top of our normal utility expenses, and the plot thickens(Metaverse).
In this post-pandemic era, the vocabulary has changed from “let’s set a call” to “let’s set up a video conference,” says Ali Hashemian, president of Kinetic Financial. This has been very conducive to the tech industry continuing to drive revenues in this socially trending economy. While Hashemian’s expertise is not related to social media or technology in general; his expertise is in financial planning. So how do we evaluate all these tech trends – and specifically the metaverse – from a financial/investment perspective? Read More
Implementing Blockchain to Revolutionize Government Work
Blockchain solutions would create a more secure and efficient way for the government to operate while giving citizens more peace of mind that their data is secure.
Last year the world produced 2.5 quintillion data bytes daily, and as that number continues to grow, the need to find cutting edge ways to protect, secure, and verify this data has become paramount. During that year, cybercriminals committed one of the worst cyber-espionage incidents against the United States when it hacked thousands of organizations around the world, including branches of the U.S. government. Blockchain technology can help prevent these types of incursions into sensitive and vital data.
Governments need to reinvest in ways to better handle that data within their own networks and the data generated by their citizens. To do that, there needs to be a major investment in blockchain technology. Due to its decentralization, paired with cryptography, blockchain reduces redundancy, streamlines workflows, increases audibility, and ensures better security protocols for data integrity. Therefore, it’s a more efficient way for governments to reduce bureaucracy and regain the trust of their citizens during major events like elections and identification. 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.
