x
Image Source: Pixabay
Rarible Adds Polygon NFTs and Multi-Wallet Support to Marketplace
Another step forward on Rarible’s multi-chain roadmap as the NFT marketplace protocol adds the Ethereum scaling solution.
Rarible has added support for NFTs minted on Polygon.
The NFT marketplace protocol also supports Ethereum, Tezos, and Flow.
NFT marketplace protocol Rarible is continuing its multi-chain expansion, today announcing that it has implemented support for NFT assets minted on Polygon.
The addition brings Rarible’s total platform count to four, with Polygon joining Ethereum, Tezos, and Flow.
Polygon is a sidechain scaling solution for Ethereum that enables cheaper and faster transactions than the Ethereum mainnet. Unlike the energy-intensive proof-of-work (PoW) mining system used for Ethereum, Polygon relies on a more eco-friendly proof-of-stake (PoS) consensus model that is still backed by the security of the Ethereum network.
"We have enjoyed watching the NFT market grow rapidly throughout the past two years, but acknowledge that there are certain roadblocks that exist within the space, including high gas fees and ecosystem limitations," Rarible co-founder and CEO Alexei Falin told Decrypt.
"As a top NFT protocol and marketplace," he continued, "we have a responsibility to solve issues related to NFT creation and consumption, which is at the core of our multi-chain vision." Read More
Blockchain tracking sweetens the pay of Ghana‘s cocoa farmers
Koa aims to help Ghanian farmers increase their pay while allowing cocoa consumers to know exactly where their beans are coming from.
Cocoa product startup Koa launched a blockchain-based program this week that improves the transparency of its cocoa supply chain and ensures its Ghanaian farmers are being paid properly.
The program is supported by partnerships with German supply chain company Seedtrace and South African telecoms company MTN Group. Koa said it hopes to “improve transparency and accountability” by ending what it calls “scandals and cocoa farmer poverty.”
Corporations such as Oreo and Chips Ahoy producer Mondelez have been accused of paying farmers a rate below a living wage by the Conseil du Cafe-Cacao which regulates cocoa production in Ivory Coast and Ghana. Koa believes publicly documenting payment records on a blockchain can eliminate such practices.
Seedtrace provides the platform for Koa’s supply chain infrastructure. The platform utilizes the Topl blockchain to record data about the production and distribution of cocoa. Farmers use the data to know where their products have gone and how they are being used, while consumers can easily track the origin of the ingredients in their food and ensure the farmers were paid properly for their work. Read More
Coinbase Wallet adds support for Solana
Coinbase has added wallet support for SOL and Solana-based tokens and has outlined that it will look to support NFTs and DApps on the blockchain in the future too.
Top United States crypto exchange Coinbase has added wallet support for Solana (SOL) and its ecosystem of Solana tokens (SPL).
Coinbase cited the surging interest in Solana over the past 12 months as investors look for low-cost alternatives to Ethereum as a key reason behind adding support to the network.
The expanded wallet support comes just a few days after the firm launched Coinbase Pay, enabling users to fund their wallets directly via a web browser extension.
In a Friday blog post announcing the move, the firm also loosely outlined plans to “further integrate” with Solana by connecting the Coinbase Wallet with decentralized applications (DApps) and nonfungible tokens (NFTs) hosted on the network, which is famously championed by FTX CEO Sam Bankman-Fried.
Users of Solana-based wallets such as Phantom and Solflare can now import their existing wallets into the Coinbase Wallet via a desktop browser extension as well. Read More
How do crypto monitoring and blockchain analysis help avoid cryptocurrency fraud?
To be regulatory compliant and limit the exposure of illicit funds to their company, crypto enterprises must implement blockchain tracking tools, which are used for processes such as cryptocurrency money laundering investigations.
To realize their full potential, cryptocurrencies unquestionably require high levels of trust and transparency. Blockchain analysis can help with the investigation, classification, and monitoring of blockchain addresses and transactions so that investigators can comprehend the operations of various blockchain participants.
Cryptocurrency transactions are handled using blockchain technology. As a result, it is prone to fraudulent acts, just like any other currency exchange platform. Blockchain analysis aids in the detection of fraud and suspicious activity.
For instance, when two rogue FBI agents stole Bitcoin (BTC) while investigating the Silk Road darknet market in 2015, a blockchain analysis platform called Chainalysis made headlines. Chainalysis is a blockchain data platform based on blockchain technology that helps government and business sectors detect and prevent the illegal use of cryptocurrencies. Read More
Innovations that will change the way we work and interact online.
The Markethive Social Market Broadcasting Network becomes more prominent daily as the blockchain-driven ecosystem for entrepreneurs with a non-adversarial, bi-partisan free speech ethic and the collaborative culture we rarely see on social media platforms today. Even the newer acclaimed, free speech platforms are partisan to the left or right and deal with de-platforming and boycotts from payment providers.
It’s widely notorious that the actions of the tech giants have divided nations and are the source of countless societal harms, including rampant censorship, promoting violent extremism, spreading false information, and unfairly stamping out its competition.
Markethive Goes Next Level:
Known for its evolutionary and innovative ethos, Markethive continues to expand its decentralized “all-in-one” platform with the development of a unique news feed interface that completely embodies the user experience (UX) in the framework of “don’t make me think.” A concept brought to light by author Steve Krug, a usability expert, cites that usability is fundamentally about human psychology. Read More
Polygon onboards Simba Chain for Ethereum scaling and infrastructure development
Simba aims to lower the barrier of entry into Web3 for Web2 firms with the help of a decentralized platform that provides necessary developer tools.
Ethereum (ETH) layer-2 solution Polygon (MATIC) is integrating the Simba Chain to scale and build new infrastructure for Web3, according to a new announcement.
While Polygon is known to be a scaling solution provider, the new integration aims to build the next chapter for Web3 and expand the scope of services offered by the Polygon network. SIMBA Chain will utilize the full-stack scaling solution as the go-to infrastructure to build and run custom, white-label nonfungible token (NFT) Marketplaces for their customers.
With the growing influence and popularity of Web3, major Web2 firms are looking to make the shift, but many get cold feet due to the hassle of building a decentralized infrastructure from scratch. Simba aims to lower the barrier with its tools and services. The company offers a cloud-based smart contract platform with enterprise-level security for the organization. Read More
Ripple to give out 1 billion XRP in developer grants
The first two waves of the XRPL grant have offered $6 million in funding to 50 open source projects built on the XRP ledger.
Ripple (XRP), the enterprise payment technology company, plans to give out one billion XRP in grants for developers. The newly announced grant is an extension of the company’s XRPL Grants program, which was launched in 2021.
The developer grant would be focused on encouraging open-source projects on the XRP ledger built for enterprise remittance assistance. Ripple has built a strong foothold in the Asia Pacific region through its XRPL based remittance technology called RippleNet
Ripplenet offers a real-time gross settlement system, currency exchange, and remittance network with the help of the XRP ledger. The remittance platform has partnered with hundreds of banks to build a payment network of its own.
According to the current XRP price, the total value of the grant is about $794 million, out of which the firm has awarded a total of $6 million in funding to over 50 projects to date. The firm would offer financial, technical, and business assistance to developers looking to build on XRPL. Read More
Ethereum Devs Implement Merge Testnet Kiln, Testing Ground Expected to Be the Last Before PoS Transition
After implementing the merge testnet Kiln, Ethereum is seemingly getting closer to transitioning to a full proof-of-stake (PoS) network. According to developers Kiln’s execution layer was initially launched leveraging proof-of-work (PoW) and since March 15, Kiln is running entirely under a proof-of-stake consensus algorithm.
Ethereum’s Kiln Merge Testnet Goes Live:
Ethereum developers are making progress toward the network’s full transition from PoW to PoS, according to a recently published blog post written by the Ethereum Foundation. The blog post, called “Announcing the Kiln Merge Testnet,” explains that developers have deployed a significant testing ground for what’s being called “The Merge.” Kiln started after software engineers wrapped up testing the Kintsugi merge testnet. The testnet Kintsugi, the blog post further notes, will be “deprecated” in the near future.
While sharing the Ethereum Foundation’s blog post announcement, Ethereum developer Tim Beiko tweeted about the next testnet iteration. “Kiln, the next iteration of Ethereum merge testnets, is now live,” Beiko tweeted. “Highly recommended that node operators, application developers, stakers, tooling/infra providers test their setups on the network.” Read More
Blockchain Technology – 5 Main Benefits To Go Through!
The entire bitcoin network relies on blockchain technology. Now, everyone must know the technology and all the perks it offers. Firstly, people must know that blockchain technology removes the trust issues in the bitcoin network. Once the trust issues get over totally, companies or organizations can quickly find solutions for problems. Also, after that, individuals can perform anything using BTC, such as trading, mining, and many other activities.
Before knowing the advantages, everyone must know that the only crypto network is safe and secure due to blockchain technology. Therefore, individuals worldwide trust the reputed cryptos and invest enough money in them only because they are safe enough. This is because all the transactions of the cryptos, mainly bitcoin, are processed under blockchain technology. It means that all information of the transactions is recorded into the block, and as a result, it provides security. 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.
