Author: Crypto News Live
Mintlayer, a prominent Layer-2 scaling solution, has partnered with Salus, a security firm specializing in zero-knowledge (ZK) proofs, to introduce the Thunder Network—a cutting-edge Layer-3 ZK rollup-based network designed to enhance Bitcoin’s scalability and functionality. Advancing Bitcoin’s capabilities with Thunder Network The Thunder Network initiative is poised to transform Bitcoin’s utility by integrating advanced privacy features, improved transaction speeds, and greater scalability. This Layer-3 solution enhances these aspects and brings Ethereum Virtual Machine (EVM) compatible functionalities. With it, developers can seamlessly build applications that are both secure and reliable on a Bitcoin-connected infrastructure. This integration means that existing EVM dApps…
Draftables, the highly anticipated American football-inspired web3 game, recently sold out of Founder Pass NFTs on Avalanche’s Hyperspace in less than 10 minutes. Founder Pass NFTsWithin minutes of its launch on Avalanche’s Hyperspace, Draftables’ freebie Founder Pass NFT series sold out. This quick sellout is a testament to the excitement and anticipation surrounding the game. As development continues, those who hold these exclusive NFTs will be among the first to experience the game’s full version, set to launch later this year.Founder Pass NFT holders will not only have the bragging rights of being among the first to play Draftables, but they will also receive exclusive privileges and benefits. These include…
The Depository Trust and Clearing Corporation (DTCC) has successfully completed the Smart NAV pilot, a collaborative initiative involving ten market participants. This pilot leveraged Chainlink, the cross-chain interoperability platform, to deploy data on-chain and integrate it into various blockchain applications. The Smart NAV pilot represents an important step in the digital transformation of financial services. By using Chainlink, the decentralized oracle network, DTCC ensured secure and efficient transmission of NAV data, a crucial metric for investment funds. This system enabled real-time data dissemination and automation as well as access to historical data. The DTCC led as a “solution governor” in…
The crypto and NFT gaming space is busier than ever lately, what with prominent games starting to release, token airdrops piling up, and a seemingly constant array of other things happening at all times. It’s a lot to take in! Luckily, Decrypt’s GG is all over it. And if you need a quick way to get caught up on the latest moves around crypto video games, we’re happy to present This Week in Crypto Games. Our weekend roundup serves up the biggest news from the past week, along with a few other tidbits you might have missed. We also showcase…
Saga and Math Wallet have recently signed a partnership agreement in order to improve the transactional experience and enable easier access to the Saga platform. With this integration progress, users can store Saga tokens easily. In addition to this, this wallet allows users to use their tokens within various dApps. Math Wallet Streamlines Token Use in Saga’s Ecosystem Math Wallet is widely known for its ecosystem, offering various services that facilitate digital assets storage, token transfer, and the use of countless dApps. Integrating the Saga network, Math Wallet allows Saga users to experience the most sophisticated and smooth experience possible…
Over the last seven days, the non-fungible token (NFT) market saw sales reach $145 million, reflecting a decline of over 9% from the previous week. This downturn continues a trend of falling sales over recent weeks, with four out of the top five blockchains by sales volume seeing decreases during this period. Last week, as reported by crypto.news, sales of digital collectibles dropped by more than 11%, and this week, they fell by another 9.68%, totaling $145.01 million, per data from CryptoSlam. Bitcoin leading the pack As seen in previous weeks, Bitcoin (BTC) continued to lead the weekly NFT sales,…
The following is a guest post from Bakhrom Saydulloev, Product Lead at Mercuryo.Statistics works in a funny way. When experts feel the need to prove the growing acceptance and awareness of Web3, they over-simplify the concept to say, for instance: “more than 90% of people have heard of crypto, hooray!” And yes, that is, in fact, true. But if you dive deeper, you’ll also see that only 8% actually have a solid familiarity with the concept of Web3. A16z predicts Web3 will reach one billion active users by 2031, roughly at the same speed as the Internet did – in 15…
The concept of restaking introduces a groundbreaking way for people to utilize their staked cryptocurrency across various protocols simultaneously. This not only boosts reward potential but also significantly enhances the security and scalability of blockchain networks, benefiting the entire crypto ecosystem. Introduction to restaking A common occurrence In the rapidly evolving world of blockchain technology is the development of new mechanisms and protocols that enhance the efficiency and security of existing and future crypto projects. When projects using these new mechanisms or protocols succeed, it is the entire crypto ecosystem that benefits, not just individual projects. One such innovative mechanism…
The Bored Ape Yacht Club’s (BAYC) recent unveiling of 3D models marks a critical turning point in the NFT world, paving the way for an immersive future. As Bored Apes venture into three-dimensional spaces, other NFT projects are evaluating their strategies in this fast-evolving environment. Pioneering projects like Kid Called Beast are already harnessing the power of 3D, crafting collections that incorporate dimensional elements from their inception. This move emphasizes the growing need for PFP projects to adapt by offering 3D versions of their assets, setting the stage for avatars that enhance user interaction and identity in digital realms. The…
Mastercard announced the selection of five startups to participate in its Start Path blockchain and digital assets program on Wednesday to foster innovation in blockchain technology and digital asset utilization. As part of Mastercard’s new initiative, these startups will explore new ways to use money to address real-world challenges, enhance user experiences, and broaden the utility of blockchain technology. Mastercard Emphasizes Global Payments Expertise Mastercard highlighted its experience constructing a global payments network, emphasizing its capability to connect regulated money, bank deposits, stablecoins, and central bank digital currencies (CBDCs) with startups. The program’s objective is to drive the development of…
