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Chainlink set to power Latin American real estate platform
Chainlink is set to automate rental payments to property owners of a Latin American real estate platform, adding a new blockchain use-case for the sector.
The tokenization of global property markets has been an ambitious goal of the blockchain space, and decentralized finance (DeFi) could offer a novel solution for the sector to pick up the pace.
Decentralized oracle network Chainlink is set to power a tokenized real estate platform serving the Latin American property market. LaProp will allow investors to buy tokenized shares in various real-world properties, which will yield a percentage of income from rental payments.
LaProp will look to leverage Chainlink Keepers’ node operators’ track record in securing billions of dollars invested in DeFi markets. The decentralized automation service carries out tasks for smart contracts on the BNB Chain and, in this instance, will automate secure rental payouts to token holders. Read More
Solana (SOL) Developers To Introduce New Fee System To Optimize Network
Solana (SOL) plans to introduce a new fee system in addition to a host of other improvements as part of an effort to combat its repeated network issues.
According to an explanation published by Solana Labs, Solana suffered a network outage over the weekend when the project’s mainnet beta cluster “ceased producing blocks as a result of stalled consensus.”
The outage came after Solana already dealt with publicized network and performance problems in December and January, as well as a previous outage last September.
Solana Labs says the network has suffered “intermittent congestions issues” since early January due to bot activity targeting non-fungible token (NFT) mints. This also caused the most recent outage, according to the project.
“An enormous amount of inbound transactions (6 million per second) flooded the network, surpassing 100 Gbps of traffic at individual nodes. There is no evidence of a denial of service attack, but instead, evidence indicates bots tried to programmatically win a new NFT being minted using the popular Candy Machine program.” Read More
Ready Games Unveils Web3 Masterplan To Bootstrap Mobile Gaming
The future of gaming is on-chain, decentralized, tokenized, and player-controlled. At least that’s the view of dev tooling specialist Ready Games, which has just unveiled a major commitment to the gathering web3 juggernaut. In a bid to bolster adoption of on-chain gaming, with all the benefits blockchain bestows, the firm has released tooling that will speed the time to market for web2 studios looking to make the switch.
Web3 is an alien environment to game developers accustomed to working within the familiar confines of web2. They might know how to create highly playable games, from epic RPGs to first-person shooters, but converting all this to a blockchain setting is anything but simple. Ready Games believes it can dramatically drive down the time it will take these studios to bring their titles to market as web3 conversions, and claims it can help devs complete the switch in under a week. Read More
Blockchain technology to power De Beers’ diamond production
De Beers has launched its long-awaited blockchain-powered Tracr platform to track and manage diamond production.
Global diamond mining firm De Beers has launched a proprietary blockchain-powered platform to manage its diamond production and distribution.
The firm has long been at work on a blockchain system to trace, record and manage its diamond mining, production, and distribution across the globe. The Tracr platform was first piloted and tested back in 2018, and the company has finally released the platform at scale to serve the wider diamond mining industry.
De Beers has already incorporated the system into its global operations and estimates that 25% of its diamond production by value is registered on Tracr for 2022’s first three Sights. In the diamond industry, a Sight is a collective term for a sale event and a respective lot of diamonds for purchase.
The platform will give diamond industry producers and retailers access to tamper-proof records of a diamond’s provenance. Sightholders, companies that are authorized bulk purchasers of rough diamonds, will benefit from the immutable record of diamond credentials, which will, in turn, provide retailers with the added assurance of a diamond’s pedigree and origin. Read More
Markethive Leading The Way In Web 3 Social & Market Media
Web 3.0 is the next generation of the internet which people envision will be more decentralized and permissionless. One that's built on decentralized protocols, where users help with content creation and the governance of the web itself. They also have the ability to own a part of the network, so you can think of it as a Read-Write-Own Internet.
There are already several technologies that could serve as the backbone for a Web 3 world. Most point to blockchains like Elrond, Cardano, or Ethereum, for example, but other distributed technologies like IPFS can also be used to decentralize networks.
Thousands of dApps (decentralized applications) are already being built in the Web 3 environment. These often include native tokens to add value to the application to those who hold the tokens. These native crypto assets allow those who participate in the network to share in the value generated from it.
Web 3 promises a decentralized alternative where we are all users, owners, and developers. This quote from Fabric Ventures sums it up beautifully,
“Web 3.0 enables a future where distributed users and machines are able to interact with data, value, and other counterparties via a substrate of peer-to-peer networks without the need for third parties—the result: a composable human-centric & privacy-preserving computing fabric for the next wave of the web.” Read More
Crypto, like railways, is among the world’s top innovations of the millennium
Finding a million reasons why blockchain won’t succeed turned out to be one of the biggest innovations in the last 500 years.
You are about to read a half-fiction witty story based on Stuart Hylton’s review of “the making of Modern Britain” and my interpretation of the blockchain’s impact on today’s world. I found it fascinating how the description of the industrial age front-runner technology resembled the awe and fear of blockchain in modern times. Some quotes are so relevant that changing the “railroad company” to “blockchain protocol” would give the same shilling.
After several “bubbles” (actually eight so far) and some huge announcements — remember Libra and TON? — I figured it was a good time to coin (pun intended) the history of the emerging technology that could be the biggest innovation in the last 500 years. Read More
Digital sovereignty: Reclaiming your private data in Web3
Today, our personal data gets breached, monetized, and even weaponized against us, but decentralized solutions are granting full control over users’ information back to users.
As the Fair Data Society puts it, we are laborers in the data economy. Our personal data — basically, the digital blueprint of our lives — gets collected by platforms we interact with, most often in a non-transparent way. At best, it is used to improve our user experience. At worst, our privacy gets breached, monetized, and even weaponized against us.
It all started with the emergence and growth of the user-generated web, as seemingly free social media networks, search engines, and companies saw a new opportunity of profiting and went into the business of gathering, storing, analyzing, and selling user data. By 2022, the data market had grown immensely. According to Statista, a total of 64.2 zettabytes of data had been created, consumed, and put online worldwide by 2020. By 2025, this number is expected to exceed 180 zettabytes. Read More
Google Forms Web3 Team — Sees Tremendous Potential, Demand for Crypto Tech Support
Google is establishing a Web3 team within its cloud unit, noting that “it is a market that is already demonstrating tremendous potential.” A Google executive explained: “We’re providing technologies for companies to use and take advantage of the distributed nature of Web3 in their current businesses and enterprises.”
Google’s cloud unit is creating a team to build services for developers who are composing their own Web3 software and running blockchain applications, CNBC reported Friday.
Amit Zavery, a vice president and head of the Google Cloud, informed employees in an email on Friday that the aim of the initiative is to make the Google Cloud platform the first choice for developers in the field. He wrote:
While the world is still early in its embrace of Web3, it is a market that is already demonstrating tremendous potential with many customers asking us to increase our support for Web3 and crypto related technologies. Read More
Understanding staking pools: The pros and cons of staking cryptocurrency
A staking pool is a tool that allows multiple crypto token holders to pool in their tokens, thereby granting the staking pool operator a validator status and rewarding all stakeholders with tokens for their computational resources’ contributions.
For many crypto investors across the globe, the concept of a staking pool is rather unknown, and investing in one elicits skepticism rather than drawing hordes of investors to it. Yet, the overall concept of a staking pool is available on blockchains that employ a proof-of-stake (PoS) model and requires stakeholders to lock their crypto tokens in a specific blockchain address or wallet in return for an annual percentage yield (APY).
These locked tokens are tethered toward developing the respective blockchain. In exchange, the blockchain provides stakeholders through the public stake pool operator with a percentage reward based on the number of tokens staked. The many advantages of investing in a public stake pool are accompanied by a number of caveats that are important to consider before staking crypto tokens, especially the staking pool model employed.
Public stake pools are ideal for retail investors who want to participate in the staking activity without having to stake large amounts of a crypto token which is needed to become a validator on the blockchain network or start a private staking pool. For Ethereum, an investor would need 32 ETH to become an independent validator, so any user can stake Ether (ETH) and earn rewards in the process. 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.
