Author: News Room

Gnosis Venture Studios, a branch of Gnosis known for developing on-chain finance solutions like Safe and Gnosis Pay, has unveiled uRamp. URamp is a new platform that facilitates transactions between on-chain assets and traditional fiat currencies. Low-cost on- and off-ramps have remained a barrier to adoption for Web3 dapps, as most users are funneled through crypto exchanges or dedicated applications with relatively high onboarding fees like MoonPay, which charges 1% for bank transfers and 4.5% for Visa cards. URamp is Gnosis’ attempt to simplify the user experience of going between fiat currency and crypto, via its partnership with licensed stablecoin…

Ethereum layer-2 scaling network Optimism has announced that it will begin testing out its fault proof system on Ethereum’s Sepolia testnet, with plans to deploy this on the Ethereum mainnet within the year. Optimism currently lacks fully operational fault proofs, requiring users to trust the protocol’s programming or the “security council” that oversees the network to keep withdrawals secure. This has, in turn, exposed Optimism to criticism from advocates of rival blockchains. What are fault proofs? Fault proofs are a crucial component of rollup networks like Optimism, which bundle user transactions and settle them on Ethereum for lower costs. These…

VeChain hackathon at Cambridge sets new industry standards. 52 projects launched, $30,000 prize, 250+ participants showcase blockchain innovation. Winners address sustainability: Meatless, Carbonic, DishDeal tackle food-related challenges. The recent VeChain hackathon at Cambridge University has left a lasting mark on the blockchain community, setting new standards for innovation and collaboration. With a record-breaking turnout of over 250 participants, the event showcased the immense talent and creativity within the blockchain space. From the line stretching round the block to the projects launched, our @vechainofficial x @BCG hackathon at Cambridge Uni was one for the history books 📚✅ 52 projects launched on…

Alipay+ D-Store, a solution that provides a full-stack online tool for merchants, has adopted the Avalanche blockchain. According to a blog post on the Avalanche website, Alipay+ D-Store, through a partner in Southeast Asia, has introduced a Web3-enabled voucher program via a branded mini-game. Avalanche highlighted that users who access the vouchers can earn up to 50% discounts on milk teas sold by ten popular milk tea brands at over 500 shops. It also noted that more than 2,000 other shops plan to join the program. The newly launched voucher program is the first of a two-part proof-of-concept (POC) program.…

One of the Oracle protocols that stands out is Tellor, a decentralized and permissionless one capable of providing highly secured and accurate data to the blockchain. Some significant strides have been made in this respect when this protocol was deployed on Polygon zkEVM. This is a strategic step for the Tellor Project and the entire blockchain community that strives to improve efficiency, cut costs, and maintain security and compatibility with the Ethereum Virtual Machine (EVM). Polygon zkEVM provides Ethereum’s cutting-edge Layer 2 deployment option, emphasizing zero-knowledge proofs. This procedure optimizes the list of operations and reduces transaction fees, making their…

NodeMonkes’ floor price spikes over 50% to 0.82 BTC, becoming the second-largest NFT collection. Runestone’s value also jumps by more than 50% in a week to over 0.04 BTC, ranking it as the sixth-largest NFT. These Bitcoin NFTs outperform major collections like BAYC and MAYC in market value. In a remarkable display of market dynamics, the Bitcoin NFT space has witnessed substantial growth, with collections such as NodeMonkes and Runestone achieving significant milestones. NodeMonkes, in particular, has seen its floor price increase by more than 50% in the past 24 hours, reaching 0.82 BTC. This surge has propelled its market…

Bitcoin Ordinals project NodeMonkes flipped Bored Ape Yacht Club earlier Monday with a market capitalization of 7,300 BTC, around $490 million, according to cross-chain NFT marketplace Magic Eden. By comparison, Bored Ape Yacht Club’s market capitalization at the time was 136,500 ETH, or around $483 million, according to the NFT analytics site NFT Price Floor. The Ethereum-based Apes are back on top, as of this writing, but the collections remain close—there’s less than $30 million worth of crypto between their respective market caps, as of this writing. Launched in December, NodeMonkes is a collection of 10,000 8-bit monkey-themed digital collectibles.…

Over the years, Non-Fungible Token (NFT) trends have witnessed a remarkable transformation, reflecting the dynamic nature of the digital market and the growing integration of blockchain technology. From their nascent stages to becoming a mainstream phenomenon, NFT trends have evolved to encompass a wide array of applications, from art and collectibles to gaming and real-world asset tokenisation. NFT market growth Notably, the revenue growth rate of the NFT market has been nothing short of remarkable, reflecting the exponential rise in demand for digital assets and the adoption of blockchain technology. According to data from statista, NFT market revenue is projected…

Today, XPUNKS, the project credited with kickstarting the XRP NFT craze in 2021 announced its departure from the XRPL, aiming instead for the greener pastures of Solana. A video released by XPUNKS, showing the XRPL logo rhythmically fading away followed by ecstatic music and a Solana logo revealing itself, makes it quite clear that XPUNKS has set its sights on Solana. XPUNKS may very well be the biggest NFT project you’ve never heard of. Gaining significant notoriety in 2021 by releasing an IOU token on the XRPL and front-running the release of its upcoming NFT amendment, XPUNKS not only invented…

The Bitcoin blockchain continued leading the non-fungible tokens (NFTs) market on Tuesday despite sales volume dropping by 44.36%, as of 2:30 p.m. ET. Bitcoin recorded US$12.2 million in NFT sales while the network’s native cryptocurrency dropped to as low as US$62,349, according to CryptoSlam. About US$5 million of those sales came from Uncategorized Ordinals, a category of digital assets on the Bitcoin network that is not part of a collection. NodeMonkes, a collection of 10,000 NFTs on Bitcoin, was the market’s highest-selling collection with US$2.5 million. Ethereum and Solana extended Monday’s trend by trailing the Bitcoin network in NFT sales,…