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New Developments Happening in the Blockchain Space - January 19th

Posted by Simon Keighley on January 19, 2022 - 8:34am

New Developments Happening in the Blockchain Space - January 19th

New Developments Happening in the Blockchain Space - January 19th

Image Source: Pixabay


Associated Press to Launch NFT Marketplace on Polygon to Support Journalism

The AP is launching its own photo NFT marketplace, which will feature Pulitzer Prize-winning shots.

  • The Associated Press will launch a photo NFT marketplace on January 31.

  • The marketplace will include Pulitzer Prize-winning photos and run on Polygon.

Amid an ongoing frenzy of brands and companies entering the growing NFT industry, the Associated Press (AP) will join the fray with its own marketplace full of photo NFTs from its award-winning photojournalists.

Set to launch on January 31, the marketplace will feature an array of photos, including some that won the Pulitzer Prize, as well as “digitally enhanced depictions” of photographers’ work. The not-for-profit news cooperative’s marketplace will run on Polygon, a sidechain scaling solution for Ethereum, and was built by blockchain infrastructure firm Xooa. Read More


 

Cardano Forest to Become a Reality Atop the Achieved Funding Milestone

Cardano’s plans to become a climate-positive blockchain network are getting closer to being fulfilled as it has met the funding target for its Cardano Global Impact Challenge.

The Cardano Foundation flagged off the challenge earlier last year with a partnership from Veritree, as it sought donations from members of the public to donate ADA coins in support of the planting of 1 million trees in Mombasa, Kenya.

The challenge has been well received by the public many of whom has donated to the cause. As unveiled by Frederik Gregaard, the Chief Executive Officer of Cardano Foundation, “The #CardanoForest is 100% funded,” adding that the initiative has “reached the 1 million trees milestone.”

Many donors have a reason to join the cause. This is because the ADA tokens donated to the Cardano Forest project will be converted to 1 TREE token, an equivalent of which implies a planted tree. Depending on the subscribed tier, each ADA token can be redeemed for a TREE token at a later date that will be announced and each subscriber will get a digital certificate for the planted trees in the form of an NFT. Read More


 

Multi-Sig DAO Wallets Set To Change The Game In Crypto Fund Management And Operations 

Despite tremendous growth over the past decade, the crypto market still lags in some fundamental factors. One of the major challenges in this burgeoning niche is the security of digital assets stored in Decentralized Finance (DeFi) protocols. According to the latest Cipher Trace report, DeFi-related fraud accounted for 54% of the total crypto fraud during the first half of 2021. Notably, this figure was up 3% compared to the 2020 statistics. 

While it is evident that DeFi has become a hotbed for fraudsters, some innovations are working round the clock to enhance the security of decentralized markets. On this front, we have smart contract wallets such as Gnosis safe which runs on the Ethereum blockchain. Gnosis safe introduces a multi-sig wallet service, enabling multiple stakeholders or DAOs to efficiently manage their wallets. 

At its core, Gnosis Safe provides an avenue for DAOs to run their treasuries while avoiding a single point of failure. This smart contract wallet features functionalities that allow users to customize how they manage their crypto assets; stakeholders can integrate settings that require a predefined number of signatures to authorize transactions. Firms and DAOs can protect their underlying funds by requiring multiple team members to confirm transactions. Read More


 

Andre Cronje Teases Features Of Upcoming Ve(3,3) Project

DeFi developer Andre Cronje has been teasing several new features of his new project ve(3,3), sharing several snippets of the features in a series of blog posts. Cronje had earlier announced that he has teamed up with Daniele Sestagalli to launch a new project on the Fantom blockchain. 

Andre Cronje and Daniele Sestagalli are two of the most influential and venerated figures in Decentralized Finance. 

Andre Cronje had revealed in a Tweet last week that he was working on a new project on the Fantom blockchain. He had also revealed that the project would have its own token. Cronje is the legendary founder who was behind the creation of Yearn Finance. His new project on Fantom will see him collaborate with Daniele Sestagalli, who had founded Abracadabra.Money, Wonderland.Money, and Popsicle.Finance. Sestagalli is also the leader of “Frog Nation,” a crypto-native movement created to ensure the preservation of decentralization in DeFi. Read More


 

MARKETHIVE UPDATES AND INTEGRATIONS

  • Wallet in final draft mode

  • Staking the Markethive Way

  • Staying One Step Ahead 

Markethive started out as a sophisticated inbound marketing platform with a social media interface harvesting a robust collaborative culture. The entrepreneurs of the Markethive community have been using the free system and tools, promoting their businesses, and branding themselves across the internet with much success. 

With the advent of Blockchain technologies, Markethive set its path on an unprecedented journey of combining marketing, social media, digital broadcasting, e-commerce, gamification, etc., with cryptocurrency and decentralized Blockchain, distributed ledger technology. An ongoing project of massive proportion to deliver sovereignty, financial and self, and freedom of self-expression for all equitably, without bias. 

Markethive is a Vision from the Divine Source. Its mission is to fill the vacuum for the world's entrepreneurs - To empower and enrich the lives of every individual on every level across the globe. And the timing couldn’t be more perfect as we witness the soul-less destruction, tyranny, and surveillance of humanity gift wrapped and delivered to us as protection and for our own good. 

We are building an ecosystem, and there’s an absolute need and use for our coin (HVC) for everything we do; therefore, the potential for the open market to accept and embrace HiveCoin is very promising. Read More


 

Community-driven NFT collectibles game announces the sixth blockchain in its universe

The longevity of an NFT game comes down to providing experiences that span across multiple chains and continuously meeting and exceeding community expectations.

Both decentralized finance (DeFi) and nonfungible tokens (NFTs) have continued to gain popularity over the last year, bringing about the rise of a new gaming genre. However, as new projects continue to spring up, interested players must now equip themselves with the knowledge to discern a project with potential from one that will fizzle out shortly after launch.

The first of two considerations players should keep in mind is interoperability –– the ability for one computer system to engage with another, and therefore one blockchain to interact with the next.

Blockchain games have already displayed a certain level of interoperability, allowing players to sell in-game items on the marketplace. However, newer releases have taken this concept one step further, opening the door to games that span across platforms and increasing the number of experiences available to players. The reality is that avid gamers are constantly seeking out ways to be entertained, and expanding the realm of what is possible can be among the best methods to do this. Read More


 

Looking Forward to 2022’s DeFi Summer – Here Are Some Things To Consider

To say 2021 was a banner year for decentralized finance would be a notable understatement. Per DeFi Pulse, total value locked (TVL) in DeFi applications topped $107 billion by the end of November. This number is remarkable on its own but even more so with context – the current TVL represents a 400% increase from November 2020’s TVL ($22.09 billion) and a 1200% jump from 2019 metrics ($8.5 billion).

With such numbers, DeFi can no longer be dismissed by doubters as a novel fad. Consumers have made it clear that they want the financial freedom and flexibility that DeFi applications provide – the overly restrictive digital solutions provided by centralized banks simply no longer measure up.

Blockchain writer Adelyn Zhou noted for Nasdaq earlier this year,

“The outrage we’re seeing these days with fintech and banking experiences are the result of a growing realization that people do not have the control they thought they had over their financial lives. As trust issues continue to occur in the traditional financial world and opportunities for yield stagnate, the exodus into DeFi will only continue.” Read More


 

Betting and Blockchain: The Polygon connection through Betswap

Betswap is a revolutionary sports betting platform that takes the best of cryptocurrency technology and applies it to betting. Built using Polygon, Betswap lets users bet in a decentralized and trustless fashion, with low fees and settlement times. Users can bet with full confidence, knowing that Betswap is completely fair.

Betswap supports both back betting, betting that an event will happen; and lay betting, a less standard option on exchanges where bettors can play the role of the bookmaker. Lay betting allows users to ‘be the bookie’. Rather than betting on a specific event (e.g. a team winning), bookmakers can bet on an event not happening. This adds a lot more functionality to the betting table.

Thanks to its focus on user confidence, Betswap is quickly growing. And because Betswap doesn’t use cash, users can get started instantly without regulations getting in the way. Simply connect a wallet, and start betting in seconds. Read More


 

HashCash to Provide Blockchain Support in a Swiss Tracking and Data Relay Satellite (TDRS) Connections Project

Global blockchain development company HashCash Consultants is delighted to announce its latest collaboration in space research with a renowned Swiss organization. The US-based company would be contributing its technical expertise towards the construction of Tracking and Data Relay Satellite(TDRS) connections.

TDRS are essential communication tools from the earth's surface to the orbiting satellites, providing crucial information in real-time through relay links. The information transfer method, similar to a relay race, is greatly optimized with the incorporation of blockchain technology.

HashCash CEO and noted blockchain pioneer Raj Chowdhury has been vocal on blockchain's increasing presence in the space research industry, stating, "The merits of blockchain technology impacts space research positively. HashCash's continued dedication to innovation and excellence has resulted in a strategic partnership with a Swiss space research organization." 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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