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New Developments Happening in the Blockchain Space - March 11th

Posted by Simon Keighley on March 11, 2022 - 8:32am

New Developments Happening in the Blockchain Space - March 11th

New Developments Happening in the Blockchain Space - March 11th

Image Source: Pixabay


These Display Startups Are Bringing NFTs Into the Real World

Want to put an NFT on your wall? These firms are angling to make the must-have screen for showcasing your digital collection.

  • Startups and tech giants alike are making displays designed for NFT artwork.

  • The NFT market hit $25 billion in trading volume in 2021, per DappRadar.

Whether it’s a Bored Ape or a Beeple, many NFT owners are proud of their digital collections and want to show them off to the world. The beauty of digital artwork is that it can be brought anywhere and showcased on just about any type of screen, whether it’s your smartphone, laptop, tablet, or TV.

But as the industry expands, there’s a growing appetite for bespoke displays that are custom-built for the look, dimensions, and sometimes even interactivity of NFT artwork. There’s also the matter of authenticating ownership from a connected crypto wallet, thus proving that the pricey digital piece on your wall is, in fact, yours to claim.

Many startups—including Lago, Danvas, and Infinite Objects—have emerged to meet that demand. They’re creating unique devices that serve as the missing link to bring digital artwork into the physical world, whether that’s in your home, at an art gallery, or another public space. Read More


 

Adobe’s Behance Adds Solana NFT Capability Via Phantom Wallet  

From today, Behance is offering users of the Solana blockchain the ability to showcase their proprietary NFTs by connecting their Phantom Wallets directly to Behance. 

Behance is a powerful force in the creative field. With over 10 million users, Adobe’s social media platform allows creative artists to showcase their work, find projects, and for others to discover creative work. It seems only natural then that Behance would dive into the digital art world by showcasing some of the most creative and interesting NFTs pieces out there, created on Solana.

Ethereum is known as being the most reliable network for users to mint NFTs, however, the benefits of using Solana are clear. Solana, a Proof of Stake network, is known for being one of the most energy-efficient blockchains out there. In fact, one transaction on Solana uses the same energy as conducting a Google search and offers users minimal transaction fees too.

Behance does showcase Ethereum based NFTs, however, it is emphasizing the importance of minting and transacting on more energy-friendly chains. According to Behance, “It’s simple for a creative to mint a 1/1 on Solana using tools like holaplex and even set up their own store.” Read More


 

Blockchain document transfer provider CargoX extends agreement with Egyptian government

Project reps say the platform has transferred more than 1,100,000 actual trade and finance documents for over 75,000 customers since its implementation.

CargoX, a blockchain company specializing in document transfer solutions, announced a long-term extension to its agreement with the Egyptian government to digitize the nation’s trade flows. Last year, through its 80%-owned entity Misr Technology Services (MTS), the Egyptian government integrated CargoX’s Blockchain Document Transfer (BDT) service for its official NAFEZA single-window trade platform. Usage of the system became mandatory in Egyptian ports in October, and it handles more than 12,000 transactions per day. BDT is built on the Ethereum blockchain. Read More


 

Income generation on DeFi, explained

DeFi is a broad concept looking at global finance without a central authority, a process that is said to lower the barriers to entry and provide new opportunities for investors to profit.

DeFi, an acronym short for “decentralized finance,” is an all-encompassing term for financial services made available through public blockchains, the most common being Ethereum (ETH).

With DeFi, users can perform the same tasks they would with the bank, such as earning interest, borrowing, lending, buying insurance, or trading assets, but without a third party. In practice, users will typically engage with decentralized apps (DApps), which require users to begin transferring assets without ever opening an account.

The benefits of DeFi are a lower barrier to entry, especially for the unbanked population, and higher earning opportunities with rewards being transferred directly from the user paying significant fees to those operating the platform. Read More


 

FIRST IN 100% DECENTRALIZED SOCIAL MARKET MEDIA - GIANT BLOCKCHAIN CRYPTO PROJECT 

HVC is poised to triumph in the crypto economy.

Markethive’s vision is a fully decentralized social network inbound marketing platform integrated and operated on a massively distributed database system, the internal giant blockchain, controlled by a smaller external blockchain Markethive’s Dapp wallet will utilize. 

This is a very advanced technology Markethive is integrating at which no other platform is doing or will attempt to do. It is a vast undertaking and needs to be done right so security is not compromised, on all levels, hence the methodical and time-consuming approach. Markethive is incomparable to any other media platform and, although touted it that couldn’t be done, is 90% done. 

It’s about looking after the community, the products and projects, the use, and the utility. Getting it right, being clever and evolutionary will pay huge dividends in the mid to long term for everyone in the ecosystem. Markethive is always focused on where we are going and why we are going there in the mission, giving economic sovereignty and identity to all, especially those that don’t have it. 

I know it’s hard to get your head around. Most people don’t comprehend what we have in our midst with Markethive but rest assured, this gigantic all-in-one platform current flying under the radar will be a life-changing positive force of how we work, earn, and socialize online.


 

Ethereum Layer 2 Service StarkNet Goes Live on Alchemy, Promises 100x Lower Gas Fees

StarkNet is the latest Layer 2 solution to arrive on the scene, promising to slash Ethereum gas costs.

  • StarkNet relies on ZK technology to process masses of transactions quickly and cheaply.

  • A number of major crypto players, including Alchemy and Immutable, are already using it.

Don't look now, but there are signs that Ethereum's high-gas-fee woes may be abating. Those high fees have long been a source of frustration for Ethereum users, but a series of so-called Layer 2 innovations have begun to offer a fix—the latest in the form of StarkNet, which is now integrated into crypto infrastructure giant Alchemy's development kit.

For those unfamiliar, the idea of Layer 2 solutions (aka "roll-ups") is to process big batches of transactions apart from Ethereum's core blockchain, and then periodically write a record of those activities to Ethereum itself. The idea is to produce high transaction volumes at a much lower cost, all while creating the same immutable records as Ethereum.

StarkNet was created by an Israeli company called StarkWare that's raised $173 million in funding. StarkNet is hardly the first to deploy its Layer 2 solution—other rollup options include the likes of Polygon, Optimism, and Arbitrum, which have gained traction the past two years. Read More


 

Crypto Analyst Says Technology Behind Terra (LUNA) Will Be the Future of Global Payments – Here’s Why

One popular crypto analyst is eyeing a public blockchain protocol underpinning a suite of decentralized stablecoins as the possible solution for payments during a time of economic transition.

In a new strategy session, the host of financial education YouTube channel InvestAnswers tells his 417,000 subscribers why decentralized stablecoins might suit the future needs of both fiat and cryptocurrency users, with open-source Terra (LUNA) as a potential leading candidate.

“Our view on LUNA is as follows: I do love it. I do believe decentralized, algorithmic-based, fiat-pegged stablecoins are the future. They will be the mechanism by which all payments are made on the blockchain and perhaps in other parts of the world.

We’re seeing a dire need in the world right now for alternatives to fiat. Everybody wants an alternative to fiat, whether you are a government or an individual. The gig is up, as far as I’m concerned.” Read More


 

How to Become a Certified Blockchain Expert in 2022?

Blockchain is undoubtedly one of the hottest topics in the world of business and technology right now. If estimates are to be believed, the total industrial investments in blockchain are slated to reach almost $11.7 billion in 2022. The use of blockchain helps in saving money, improving security and efficiency, and contributing to better transparency and overall performance in different industries. Developing skills and knowledge in all aspects of blockchain can open better career opportunities. 

Many large organizations such as Google, Deloitte, and IBM have dived into the blockchain landscape with their independent ventures. As a result, the demand for a certified blockchain expert has also been increasing gradually in recent times. The growing preference for digital transformation and new independent economies with total transparency continue to drive the prospects for blockchain use cases.

If you want to become a professional with blockchain expertise, then you would need the certifications to prove your skills. Certifications can help employers identify your potential to contribute value to their blockchain initiatives. At the same time, a certified blockchain expert course could empower you with practical knowledge and insights. 

However, you might experience some troubles in finding suitable certifications which can help you become a blockchain expert. In such cases, you can rely on 101 Blockchains for all-round development of your expertise in blockchain. Here is an overview of the three different certifications offered by the platform to prove your blockchain skills and knowledge. Also, Find out how to become a certified blockchain expert right now. Read More


 

Blockchain: Know the technology that runs the world of cryptocurrencies

Originally designed to power Bitcoin, blockchain is gradually looking to disrupt almost every industry, but it’s not yet clear how best to take advantage of this disruptive technology.

However, as millions across the globe are utilizing blockchain technology as means to make a fortune, here is a detailed look at how the entire system actually functions.

Blockchain is simply put, a highly-cryptic digital ledger of transactions, and like mentioned above is the central technology behind most digital assets like cryptocurrencies.

Its purpose is essentially to make the history of any digital asset transaction unalterable and transparent.

So in other words, blockchain is a system of recording information in a way that makes it difficult or impossible to change, hack, or cheat the system. 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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Simon Keighley I agree, Tan, Ethereum Layer 2 sounds the ideal solution to lower the gas fees and create more adoption. Thanks for reading the latest news.
March 13, 2022 at 6:12am
Tan Gerald Looking forward to Ethereum Layer 2 Service StarkNet. Most eth tokens are held up due to the high gas fees.Thanks for sharing Simon.
March 12, 2022 at 6:54pm