Author: Crypto News Live

Thanks to emerging technologies like virtual reality, cloud gaming, and artificial intelligence, the gaming industry has witnessed significant advancements in recent years. A leading pioneer in this realm is Enjin.io.This platform aims to revolutionize the gaming industry by providing a seamless ecosystem for developers and gamers to interact and transact seamlessly with blockchain-based virtual assets. In this article, we will explore the various components and features of Enjin.io, its impact on the gaming industry, and the platform’s future prospects.Enjin Platform’s Core ComponentsAt the heart of Enjin’s ecosystem is the Enjin Coin (ENJ), a digital cryptocurrency explicitly designed for the gaming industry.…

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion Sellers exerted excessive control over Chainlink’s [LINK] market from mid-April. In fact, a recent report established that over 80% of LINK holders were at a loss after LINK dipped below $6.  However, LINK fronted a short-term trend reversal, crossing $6.6 at press time. The recovery followed BTC’s pump from $26.2 to over $27k over the weekend.  Can bulls push beyond $6.8? Source: LINK/USDT on TradingView LINK’s price action in the past three weeks chalked a short-term range formation with…

Blockchain Ava Labs has launched AvaCloud, a Web3 launchpad designed to help companies build fully managed blockchain ecosystems without the need for coding. AvaCloud includes four key components: an automated blockchain builder, managed validators, comprehensive data tools and chain interoperability. AvaCloud will enable companies to bring their Web3 products to market faster and with less risk without having to hire a powerful engineering team. AvaCloud already supports projects ranging from global enterprises to small Web3 development teams. Ava Labs also launched Avalanche Warp Messaging, which allows messaging across all Avalanche subnets. This way, users can quickly create a free testnet…

NFT Prices of the popular Milady NFT collection have retracted gains from the past weeks as holders likely took profits on a move influenced by an Elon Musk tweet. Earlier in May, the Milady collection spiked after receiving acknowledgment from Twitter owner Musk who tweeted a picture of a Milady avatar with the words “There is no meme, I love you” overlaid on the picture. Each NFT traded for 3.4 ether at the time. That immediately prices surged as much as 200%, each Milady fetching $13,700 worth of ether (ETH) at the peak. Elsewhere, an unrelated LADYS token spiked thousands…

Beijing, China’s capital city, reportedly released a white paper this morning aimed at promoting innovation and development of the web3 industry. Dubbed the “Web3 Innovation and Development White Paper (2023),” the document states that web3 technology is an “inevitable trend for future Internet industry development,” according to a report from local news outlet The Paper. The Beijing Municipal Science & Technology Commission, also known as the Administrative Commission of Zhongguancun Science Park, released the white paper at the Zhongguancun Forum. The commission aims to construct Beijing as a global innovation hub for the digital economy. To that end, the city’s…

Epic Games, the renowned developer behind the popular game Fortnite, is set to make a significant expansion in the world of NFT games. With a current lineup of five NFT games available on its marketplace, Epic Games has ambitious plans to introduce nearly 20 more in the near future. While Epic Games won’t be developing or publishing these games themselves, they are actively embracing the growing trend of Web3 gaming.The Potential of NFT GamingEpic Games recognizes the potential of NFT gaming and aims to further explore this industry by introducing more games on its platform. The past year has been…

A widely followed crypto analyst says the largest crypto asset by market cap is in the first inning of its next bull market. Pseudonymous crypto trader Rekt Capital tells their 345,800 Twitter followers that Bitcoin (BTC) is in the early stages of a bull run. Further contextualizing their claim, Rekt provides a chart detailing BTC breaking out of a falling wedge pattern and then retesting the upper boundary of the wedge to confirm the pattern. “BTC has Weekly Closed right at the Falling Wedge resistance or just above it Either way, BTC may be set for a dip to retest the top…

Polygon gains the upper hand in TVL growth thanks to zkEVM. MATIC escapes ranging performance after regaining bullish momentum. It is usually more difficult for blockchain networks to achieve positive growth under slow market conditions. The Polygon network managed to overcome limitations thanks to one particular segment. Polygon zkEVM has been receiving a lot of attention recently, subsequently fueling positive growth. This is evident by the impressive TVL it managed to achieve within a short period. To put this growth into perspective, Polygon zkEVM surged from $1.5 million to $14 million. Polygon zkEVM has grown in TVL within a short…

This is based on the fact that the scaling solutions, also known as Rollups, are helping the current Ethereum Layer 2 solve the Ethereum scalability problem but were not able to do the same interactions between different Rollups, leading to fragmented liquidity. Fragmentation in various L2 networks significantly reduces user experience and makes Ethereum more fragmented than ever. What is Omni Network? Omni Network is a protocol that provides an EVM-compatible infrastructure layer by leveraging EigenLayer to facilitate the connection of Layer 2 rollups such as Optimism, Arbitrum, zkSync, and Starkware… faster. By integrating the Ethereum EigenLayer re-commit protocol and…

In an era of rapid technological advancements, a groundbreaking concept has emerged that has the potential to revolutionize the way we perceive and address real-world issues. Enter the proposed NFT for Britain project, a trailblazing initiative poised to utilize the power of nonfungible tokens (NFTs) to manage and potentially solve some of society’s most pressing challenges. NFTs, unique digital assets authenticated on the blockchain, have recently taken the world by storm, predominantly within art and collectibles. However, the proposed NFT for Britain project aims to harness this transformative technology for a greater purpose. By utilizing NFTs as a tool for…