Author: Crypto News Live

Justin Bons sparked controversy by claiming that layer-2 solutions do not effectively scale blockchains, and they merely divert traffic from the main chain to compete for fees. Bons argued that limiting layer-1 capacity in favor of layer-2 is a misguided approach born of corruption. Layer-1 blockchains, such as Ethereum, process transactions directly on the main chain, while layer-2 solutions, such as Arbitrum, build to increase transaction speed and reduce costs. You cannot scale a blockchain through L2sAs it routes traffic away from the chain instead of actually scaling itIn reality, L2s are parasitically in competition with the L1 over fees!This…

Bondex, a crowdsourcing recruitment app based in the UK, has announced a significant investment from Animoca Brands. This funding aims to fuel the platform’s growth and integration within the Web3 ecosystem, aiming to make a mark in the evolution of digital recruitment.Investment and Financial OverviewBondex raised over $10.5 million in the funding round, including more than $4 million, led by Animoca Brands, Morningstar, Dext Force Ventures, and iAngels. Additionally, an impressive $6.5 million was secured through a community sale on CoinList in March 2024.This capital injection will enhance the Bondex platform, positioning it to become a Web3 version of established…

MomoAI utilizes the latest AI technology to drive social growth in the TON and Solana ecosystems. Through advanced viral marketing techniques and AI-bot interaction, MomoAI strives for swift user expansion and high levels of engagement, with a focus on fostering growth within the Telegram ecosystem.What is MomoAIMomoAI is designed to leverage artificial intelligence and viral marketing strategies. It serves as a dynamic platform that combines the excitement of gaming with the power of AI to create a unique, engaging environment for users. By focusing on rapid user acquisition and deep engagement, MomoAI aims to build a robust community within the…

MetaGravity, a frontrunner in multiplayer gaming technology, and Aethir, a pioneer in decentralised cloud infrastructure (DCI), have announced a collaborative partnership aimed at accelerating the advancement of decentralised physical infrastructure (DePIN) for the gaming industry and the 3D internet.—This alliance promises to revolutionize online experiences within persistent virtual worlds, empowering studios and enhancing multiplayer interactions. MetaGravity’s HyperScale Engine enables game developers with an unprecedented compute budget, facilitating the creation of expansive, scalable worlds effortlessly and affordably. Aethir’s Instaplay complements this with pixel streaming technology, enabling instant play across all devices without downloads, thereby enhancing accessibility. The combined technologies enable game…

Telegram is more than just a messaging app. It’s a platform that offers a variety of mini-games, providing a unique blend of communication and entertainment.From puzzles and arcades to strategy and quizzes, there’s something for everyone. With the introduction of Ton, Telegram’s native blockchain, the social gaming experience is set to be transformed.In this guide, we’ll explore everything you need to know about gaming on Telegram, from how to access and play games to the future of gaming on this platform.What is Gaming on Telegram?Gaming on Telegram is a feature that allows users to play mini-games within the app. These…

Short sellers have been increasing their bets against both Cardano ($ADA) and the native token of the XRP Ledger ($XRP) in a potential positive development for poatenti long-term investors as liquidated shorts can help propel these cryptocurrencies’ prices. That’s according to on-chain analytics firm Santiment, which noted in a post on the microblogging platform X (formerly known as Twitter) that funding rates on cryptocurrency exchange Binance indicate a dominance of short positions over longs since September 2023 for ADA and May 2024 for XRP. The finding comes as investors seek a revival in the cryptocurrency market, with ADA and XRP…

Sophon and Aethir have declared the start of a strategic partnership that will link the 800,000 robust members of the Aethir decentralized computing community with the more than 3 million people who registered for Sophon’s pre-launch campaigns. Aethir will debut on Sophon as part of the partnership shortly after its mainnet launch, which is slated for Q3 2024. The projects will also carry out a node swap between the two communities, since both have recently finished very successful node sales to the public. Cloud gaming and AI/ML training are two GPU-intensive applications that are powered by Aethir, a distributed compute…

TL;DRFull StoryWe’ve seen a bit of saltiness online about Telegram’s TON coin breaking into the coveted ‘Crypto Top 10.’Mostly because Telegram isn’t wholly crypto native (it’s a web2 app that’s now integrating web3 features), and is all of a sudden out-performing a bunch of entrenched crypto projects — but its rise makes total sense to us.Now, this is going to sound weird at first — but hear us out… It’s established web2 companies that have largest opportunities in web3.Here’s an over simplified, left curve framework that we’ve concocted to explain it all…When companies accrue value, it’s typically thanks to an…

Key Points: Tether and Taipei Tech partner to enhance blockchain and digital asset education. This initiative aims to equip students with cutting-edge blockchain knowledge and skills. Tether’s support brings real-world applications and industry insights to the academic curriculum. Tether is partnering with Taiwan’s Taipei University of Technology to further blockchain and digital asset education. The cooperation will equip learners with a deep understanding of blockchain technology, digital assets such as Bitcoin and stablecoin, and pragmatic skills important in the present digital economy. Tether’s collaboration with NTUT is a further step toward infusing cutting-edge digital asset education technologies into the academic…

Thovt, the pioneering gateway to a world of investment opportunities, merging cutting-edge technology with a diverse array of real-world assets (RWA) just announced the launch of the Founders NFTs Sale, set to begin on June 28th at 12:00 PM UTC.By tokenizing tangible assets like real estate or traditional businesses, Thovt opens the doors to investment for everyone, ensuring accessibility and transparency through blockchain innovation. Rooted in compliance and global regulatory standards, Thovt transcends traditional marketplaces, offering a holistic ecosystem where community engagement, education, and empowered decision-making converge.Exclusive Benefits and Premium FeaturesThe Thovt Founders NFT represents more than just a digital…