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Waitlist Launches For Kraken NFT, Which Promises Zero Gas Fees
Additionally, Kraken NFT’s built-in rarity tools mean users won’t require a third-party site to verify items.
Cryptocurrency exchange Kraken has announced the waitlist is now live for its upcoming NFT marketplace, Kraken NFT.
The platform is boasting zero gas fees for NFT sales and transfers, a built-in rarity tool, cash or crypto payments, and support for Ethereum and Solana NFTs on launch.
NFTs—unique blockchain tokens that indicate ownership over an asset—exploded in popularity last year. NFT trading volume on leading marketplace OpenSea skyrocketed from $300 million to over $3 billion in just one month, from July to August 2021. Ever since, trading volume has consistently been over $2 billion a month on OpenSea alone. Read More
Decrypt Raises $10M and Spins Out as Independent Web3 Media Company
The funding comes from a mix of 22 VCs, DAOs, and Web3 angels, and allows us to build out our editorial team, Decrypt Studios, and PubDAO.
Now crypto is more mainstream than it's ever been. Decrypt Media, which includes Decrypt Studios, has 25 full-time employees and reaches an average 5 million readers every month.
Our new investors range from traditional VC firms to Web3 funds to DAOs to angel investors (see the full list here). The funding will be used to grow our roster of excellent journalists and beef up video and live events, invest in our Decrypt Studios production arm, and further develop PubDAO, the decentralized media project we’re building with other publishing partners.
It's a pivotal time to be in the Web3 space, which is moving at breakneck pace. On our editorial side, our vision remains the same as it's always been: to demystify crypto and blockchain for readers of all understanding levels with our daily news coverage and our Learn section. We now have two high-value podcasts (our daily news digest Decrypt Daily and gm, our bi-weekly conversation with the biggest names in crypto); a daily email newsletter, weekly DeFi edition, and Saturday edition; and we hold live video roundtables and interviews. Read More
How blockchain games create entire economies on top of their gameplay: Report
Blockchain technology brings economic building blocks to games and sparks a tsunami of economic activity — inside and outside the games.
Axie Infinity turned its game into a billion-dollar economy that helped thousands of players in the Philippines and other low-income countries to weather the fallout from pandemic mitigation measures. The main ingredient for success: strong property rights.
Players can take in-game material out of the game and trade on third-party marketplaces like OpenSea. The freedom to set prices and to easily trade unlocked a veritable tsunami of economic activity in and outside of the game.
The 30-page report from Cointelegraph Research analyzes the top five titles and what changed since the days of Second Life and is produced in partnership with Galaxy Fight Club, The Sandbox, Planetarium, Immutable x, SolaDefy, Decentral Games, X World Games, and Animoca brands. Read More
The creator economy will explode in the Metaverse, but not under Big Tech’s regime
Independent creators and artists should feel empowered by decentralization and not play by Big Tech’s rules, especially in the Metaverse.
In his monthly crypto tech column, Israeli serial entrepreneur Ariel Shapira covers emerging technologies within the crypto, decentralized finance (DeFi), and blockchain space, as well as their roles in shaping the economy of the 21st century.
With the news that Meta plans to take a nearly 50% cut of virtual asset sales in Horizon Worlds, it will not be surprising if independent artists and content creators turn away from the Metaverse entirely. Or at least from its Meta rendition, no matter how excited the company might be about the creator economy. It’s one thing to pay this much when the taxes go toward making life better for your community, but Meta is a business, not a charity.
And it’s not like your average creative type is living the high life. Streaming services have made life harder for musicians, and insurmountable creative fatigue has taken a toll on the variety and quality of creator-driven content across multiple markets. All too often, today’s creators are left to chase the ever-changing monetization policies on various platforms, and landing a sponsorship is no walk in the park either. Read More
What Does The Wallet Do? What Does It Mean For You?
The launch of the Markethive wallet is approaching, so it’s time to start beating the proverbial drum. It is the start of an exciting time with the advent of many integrations to follow the release of the wallet that will bring Markethive into prominence as an unprecedented platform. The combination of inbound marketing, social media, digital broadcasting, video, conference rooms, e-commerce, gamification, etc.
Markethive is a blockchain-driven crypto economy, all-inclusive, with a distributed database system required for this decentralized, monolithic global project. We’re almost there with the release of the wallet that will initiate entrepreneurial sovereignty and open the floodgates of this divine enterprise with its plethora of systems and services, including the new interface and dashboard.
We now have a complete working wallet with the Solana Network, and we also have a fully functional crypto merchant account. The Markethive wallet is being polished with the finishing touches, keeping mindful that it’s not just a simple wallet but a comprehensive, dynamic engine centralized for you that powers your platform and business.
Markethive is fundamentally a sophisticated inbound marketing and storefront platform, integrated with a social network, and not just another social media platform you see popping up to counter the media tech giants we’ve come to know as oppressive, censoring you and using your personal data for their own gain. Read More
Entre launches on DeSo blockchain as web3 LinkedIn competitor
Entre, which describes itself as decentralized web3 LinkedIn competitor, has launched on the DeSo blockchain.
Michael Marra, the app’s founder, describes it as “a web3 professional network designed to help people connect and work in the web3 world”.
Whereas on LinkedIn one can post content with the end goal of building opportunities, on Entre users can cultivate opportunities and earn from their content right away.
With web3 jobs in high demand from both big brands and start-ups alike, Entre believes it has built an ecosystem where specialized talent can be found.
On the other side, Entre says its integrated marketplace makes it easy for jobseekers to “discover the next big web3 opportunity to accelerate their career”.
Additionally, on decentralized social media, users are the sole owners in control of their content and audience.
DeSo is a Layer-1 blockchain – like Cardano or Ethereum – designed to build and scale decentralized social media apps for billions of users. Read More
Ethereum Layer-2 Fees Should Be Under $0.05 to Be ‘Truly Acceptable’: Vitalik Buterin
Though the Ethereum co-founder thinks projects are making “great progress” to drop gas fees, there’s still much more to be done.
Ethereum, the world’s leading smart contracts platform, has been historically plagued by high transaction costs.
Developers have been trying to address this issue through the so-called layer-2 solutions that help scale applications by processing transactions off of the Ethereum mainnet while maintaining the same level of security and decentralization.
While transaction fees on many layer-2 networks are indeed lower when compared to the Ethereum mainnet, Vitalik Buterin, a co-founder of the network, reckons they need to be under five cents to be “truly acceptable.” Read More
Polkadot launches cross-chain messaging system to solve blockchain’s bridge problem
Bridges have become one of the largest points of failure in the crypto industry. Polkadot wants to do away with them.
Blockchain platform Polkadot has launched a new cross-chain communications protocol, saying it will do away with cumbersome bridging mechanisms that have cost the crypto industry billions in cyber attacks.
The newly launched XCM messaging system is intended to promote Polkadot’s multichain ecosystem, which is being built on the premise of full interoperability. XCM channels are said to be secured at the same level as Polkadot’s central hub, dubbed Relay Chain, and are also available for use by parachains. In other words, XCM will enable communication between parachains themselves as well as smart contracts.
Future iterations of XCM will allow messages to be sent between parachains without having to be stored on the Relay Chain, thereby improving scalability and eliminating governance processes for individual chains. Read More
Little by little, blockchain technology is beginning to appear around the house
From ecological seafood to Bored Apes, blockchain technology is making its presence felt in homes.
Blockchain technology is familiar to cryptocurrency users and national banks, and awareness of it is spreading fast to gamers. Applications in industry, particularly supply chain management, have been appearing as well. Through them, blockchain technology may improve domestic life in unseen ways, such as ensuring high-quality food, responsibly sourced seafood, or preventing the counterfeiting of pharmaceuticals. Nonetheless, the home may be blockchain’s final frontier.
Blockchain penetration at the household level is so far quite low, but day-to-day utility was no afterthought for blockchain developers. Christoph Jentzsch, Simon Jentzsch, and Stephan Tual, who in 2016 created The DAO — the short-lived first decentralized autonomous organization (DAO) — introduced Slock.it, “the first physical implementation of blockchain technology,” the same year. Slock.it technology connected devices on the Internet of Things (IoT), such as locks and payments systems, in a secure, non-intermediated manner that could be used, for example, for renting objects and property. In 2019, Slock.it was acquired by Blockchain.com, which continues to offer those services to this day. 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.
