Author: Crypto News Live
Redstone, a new Ethereum scaling network designed for fully on-chain games and “autonomous worlds,” launched its mainnet today—with a number of early games already available for play. Developed by Ethereum startup Lattice, Redstone was built via Optimism’s OP Stack scaling tech. But it’s much more than a rebranded riff on the layer-2 tech that also powers networks like Base and Zora—Redstone has been significantly retooled for the needs and demands of video games, particularly those that use blockchain for much more than asset ownership. “We’ve had core developers come along and make really cool contributions to the OP Stack,” Optimism…
Another playtest and another opportunity to play and earn! In this case, we have Farcana, a third-person, team-based, PvP battle game. With daily playtest windows open through May 4th, anyone with a PC can jump in and play, level up, an try to and grab a share of FAR tokens during this event! Play to earn, play and earn, whatever you want to call it, is alive and well. And one of the latest examples comes from Farcana, who are holding a limited time playtest while giving participants a chance to earn some FAR tokens while playing! The playtest opened…
Bitcoin has finally broken below the $60,000 support level for the first time in two months. The world’s largest digital asset has largely been in a euphoria phase since the beginning of the year, particularly after the launch of Spot Bitcoin ETFs in the US market. However, the current consolidation of the price of Bitcoin indicates the euphoria might be fading. According to a new report from Glassnode, an on-chain analytics firm, the euphoria surrounding Bitcoin, which has been active for the past 6.5 months, looks to be fading. At the same time, the BTC distribution has entered into the…
Nym, a pioneer in digital privacy solutions, has joined forces with the Optimism Foundation, marking a significant milestone in advancing online privacy and security. This collaboration highlights a shared commitment to harnessing blockchain technology to enhance internet privacy for users globally. Introducing Optimism: A Vanguard of Ethereum Scaling Optimism is at the forefront of Ethereum scalability solutions, with its development of the Superchain—a network of OP Chains built on the OP Stack. This initiative is part of the Optimism Collective, which includes companies, communities, and citizens united in their mission to foster a more open internet. The collective’s work focuses…
TL;DRFull StoryWhat do you think of when you hear the words: “BitSNARK & Grail”?a) A new Netflix special by a famous comedy duob) A ragtag team of spies who use code names to maintain anonymityc) A solution for solving a big part of the Holy Grail of blockchain technology – the trilemma – boosting transaction speeds on the Bitcoin network by 10x.If you answered a or b, we wouldn’t blame you. But fortunately, Seb and Chevy aren’t planning to become comedians (or anonymous spies).This week, a new whitepaper was released called BitSNARK & Grail which includes a detailed proposal about…
Vitalik Buterin proposes “multi-sig” to solve seed phrase issues with hardware wallets. Shamir is another alternative to storing seed phrases, but Buterin downplayed it. Self-custody wallets, especially hardware wallets, have grown popular as third-party risks become apparent, as in the case of FTX implosion. Crypto Twitter starkly reminds users of these risks through a catchy phrase, “Not your keys, not your crypto.” However, users can be the biggest risk factor to hardware wallets. They can easily forget their stashed seed or, worse, have it stolen. Ethereum founder Buterin tips “multi-sig” to solve wallet risk But Ethereum [ETH] Vitalik Buterin has…
In the rapidly evolving Web3 landscape, Aethir and Magic Eden have joined forces to enhance blockchain gaming. This alliance combines Aethir’s enterprise GPU infrastructure with Magic Eden’s NFT marketplace aiming to create a new NFT ecosystem for gamers and developers.Empowering Blockchain GamingBlockchain gaming, which utilizes NFTs to tokenize in-game assets, requires robust technical infrastructure to support its increasingly complex and growing player base. As a hub for gaming NFTs, Magic Eden is crucial in connecting game developers with a platform to launch and trade these assets integral to the gaming experience.Aethir’s technology will provide Magic Eden‘s gaming partners with the…
Runes on Bitcoin’s blockchain can save traders from massive losses in the coming months. Staking on the Ethereum blockchain is on the rise, raising concerns about its future as “money.” Ahead of the FOMC meeting (Federal Open Market Committee) of May 2024, the crypto-market saw a significant decline. Bitcoin dropped to $56,494 – A level last seen on 28 February 2024. Market sentiment skewed towards the side of fear as investors rebalanced their portfolios in expectation of no rate cuts. Bitcoin’s MVRV Ratio (7-D) fell to -8.099%, at press time. On average, Bitcoin holders were underwater. It suggested that the…
Since its inception, the metaverse concept has been a topic of both fascination and confusion. However, according to global technology intelligence firm ABI Research, the metaverse is not just a virtual environment but a complex interplay of digital twins, simulations, and advanced computing technologies. And its potential extends far beyond gaming and social interaction, making it a game-changer in the enterprise sphere.While popular platforms like Roblox have positioned the metaverse primarily as a gaming and social interaction platform, its real potential lies in the enterprise sector. As Augmented and Virtual Reality Research Analyst Matilda Beinat explains, “This new landscape, driven by…
The Akita Inu, an esteemed dog breed originating from the northern Akita prefecture in Japan, has seen a surge in global popularity lately. Addressing the issues of pedigree authenticity and missing paperwork, the Akita Inu Preservation Society has taken a modern approach by collaborating with a technology company to introduce a reliable solution that employs blockchain technology. Akita Inu Preservation Society’s drive into blockchain The Akita Inu Preservation Society has seen a significant increase in its international membership, growing from 300 in 2022 to close to 500 in 2023. This rise in global members poses a challenge, particularly in ensuring…
