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Blockpass Enhances Cross-Chain KYC With Successful Polygon Integration
Blockpass has just announced that it has successfully completed its integration with Polygon, the scalability, and interoperability solution. As part of the integration, Blockpass has also updated its mobile application to support Polygon crypto addresses.
The partnership will enable Blockpass to provide essential KYC services for the Polygon protocol and its framework, which is used to build and connect Ethereum-compatible blockchain networks. Read More
BitTorrent And Tron Announce BSC Integration For Cross-Chain Solution
Tron and BitTorrent have announced the integration of the Binance Smart Chain to their cross-chain scaling solution, BitTorrent Chain (BTTC). The Binance Smart Chain will be one of the first public chains in the BTTC ecosystem and will focus on bringing cross-chain features to users.
The integration of the Binance Smart Chain into BTTC will help to facilitate the exchange and circulation of cross-chain assets for users on both ecosystems. BTTC users will be able to transfer assets between the Binance Smart Chain and other public chains that have been integrated.
The integration of chains like the Binance Smart Chain into BTTC will also help to streamline the interaction between TRON and BTT users and the cross-chain DeFi ecosystem. This will facilitate a smoother exchange of data and value. Read More
DeFi can be 100 times larger than today in 5 years
The decentralized finance sector currently represents only 0.1% of its maximum potential, and its significant growth is inevitable.
Decentralized finance (DeFi) is a natural product made possible by blockchain technology and has the right and ready infrastructure to propel the technology to a bigger playing field. The space has grown by leaps and bounds since the Ethereum network went live in July 2015, with Ethereum network transactions growing by 33x to 1.2 million per day currently, and blockchain transactions would exceed millions per day if other chains were included.
Most of these transactions originated from the DeFi services such as Uniswap, which facilitates over $1 billion swaps each day, as well as lending and borrowing protocols such as Aave, Compound, and BondAppetit, with tens of billions in market size. While these are large numbers by any standard, it is only a decimal point of the trillion-dollar traditional finance (TradFi) industry. Read More
An inside look at the moral and technical considerations of crypto social media
Beyond mere decentralization, there are four key themes central to the idea of crypto social development in the new era of Web 3.0.
Following Vitalik Buterin’s call for more social application use cases on Ethereum earlier this summer, multiple crypto companies voiced intentions to build decentralized versions of mainstream social networks like Twitter. However, to create and view crypto-centered social platforms as merely decentralized versions of Twitter is shortsighted. The moral and technical implications of creating truly decentralized social networks that abide by Web 3.0 principles extend far beyond what the idea of “decentralized Twitter” currently encompasses.
Beyond mere decentralization, there are four key themes central to the idea of crypto social development: private communication and censorship resistance, moderation, decentralized governance, and secure and decentralized money. Read More
Unlike the social media giants, which only have one primary news feed that is algorithmically set by the central authorities, Markethive is introducing four news feeds to accommodate the multi-functional platform within the Markethive ecosystem. The individual feeds are General, Video, Blogging, and Content Curation. They are all accessible from the main page and can be algorithmically set by the individual user.
The scope that Markethive has is enormous as it integrates all the vertical systems of the other platforms under one roof.
Social + Video + Blogging + Marketing + Curation + Broadcasting = Markethive.
It’s a monumental project that can be overwhelming for the average person. It’s no wonder social media platforms are predominantly single-function and centralized. Technology has advanced with Blockchain, and Crypto is becoming ubiquitous and gives rise to the decentralized, privacy, and autonomy components of social media. Something that the established dinosaurs would find near impossible to integrate at its highest level.
Enter Markethive, and although it has enjoyed longevity, it can integrate cutting-edge and unique systems. It is next-level, delivering every function and aspect available, fitting for the entrepreneur, business, and corporation. A clean design, not cluttered, intuitive for easy navigation, and simple to carry out tasks for all users on every level is crucial for website stickiness and the overall success of our entrepreneurial users. Read More
Polkadot Adds Shell As First Parachain On Its Network
The Polkadot ecosystem is seeing significant expansion, and after considerable anticipation, Polkadot has finally released its first parachain. Polkadot will now begin its parachain auctions, with hundreds of projects in the running for a spot on the blockchain.
Referendum 41 Passes - The Polkadot team took to Twitter to announce the parachain, stating that DOT token holders had passed Referendum 41. The Shell parachain on Polkadot will ensure block production, inclusion, and finalization. The statement further added,
“The Shell parachain has extremely limited functionality: it does not even have the notion of accounts. Shell only accepts messages from the Relay Chain to upgrade itself to something else.” Read More
5 reasons why blockchain-based gaming economies are the future
Axie Infinity showed the gaming industry just a sliver of what blockchain-based gaming can achieve, and the industry is set to explode in the near future.
Anyone who hasn’t been living under a rock is probably aware that the gaming industry has been on an absolute tear. It’s one of the industries that has benefited from the COVID-19 pandemic in a big way.
That said, the average investor might not be aware of the following growth figures:
The global gaming market is currently worth $180 billion — the fastest-growing form of entertainment globally. For reference, the global film industry is worth $100 billion and all North American sports combined are $73 billion in terms of annual revenues.
Experts predict that the number of streamers of online games will rise to one billion by 2025 — one in nine people today.
Three of the top four most-viewed United States sporting events in 2018 were not even traditional sporting events. They were e-sporting events. For example, the League of Legends championship had 30 million more views than the AFC Championship and 45 million more views than the NCAA Football Championship. Read More
‘Overtime, we will see the NFT market broaden,’ says Ripple CTO David Schwartz
Ripple may be a bit late to the NFT party, but the XRP Ledger will attempt to become an industry game-changer and challenge Ethereum's hegemony.
Nonfungible tokens, or NFTs, have been dominating the crypto market this year. With sales topping over $2.5 billion during the first half of 2021, it shouldn’t come as a surprise that both the crypto community and mainstream creators are launching NFTs in hopes of driving revenue and engagement. The rise of the Metaverse has also pushed the adoption of NFTs, demonstrating the value of nonfungibles for major brands and social media platforms alike.
While NFT sales soar, the Ethereum blockchain continues to rule the space. For instance, a recent report from Cointelegraph Research found that Ethereum represented at least 97% of every NFT market sector, which includes games, collectibles, and marketplaces. It’s also interesting to point out that blockchain analytics firm Moonstream found that around 17% of addresses control more than 80% of all NFTs on Ethereum, demonstrating the vast inequality that still exists in the NFT market. Read More
Brave To Integrate Solana Blockchain Into Its Privacy-Centric Browser
The team behind Brave Browser has announced that the privacy-focused browser would be integrating with the Solana blockchain. The partnership will allow Solana to bring Solana-based decentralized applications (dApps) to the Brave browser.
Solana will also promote the adoption of Brave Browser’s native currency, the Basic Attention Token (BAT), among users of its decentralized applications.
The news was announced at Solana’s Breakpoint Conversation, which is taking place in Lisbon. Brave and BAT CEO and co-founder Brendan Eich and the CEO and founder of Solana Anatoly shared details about how Brave and Solana would work together and bring best-in-class wallet features for Solana’s blockchain on Brave’s desktop and mobile browsers in 2022. 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.
