Blockchain
VRJAM Launches Open Beta, Bringing Forth the Next Chapter of Virtual Events
There’s a new page turning in the metaverse as VRJAM steps up to the plate to build the future of the creator economy. Created on the MATIC blockchain, VRJAM is a forward-thinking events platform built with creators top-of-mind. What began as an early vision and framework in 2017 has since progressed to the platform’s first open beta launch, which commenced this week. The real-time live events hosting platform is launching alongside several notable partners including Animal Concerts, a Web3 company with a record of curating elevated interactive concert experiences in virtual reality. VRJAM shares that there’s much more to come on the virtual concert front, starting with the debut performance in the Animal Concerts Villa, which is soon to be announced. Scroll to Cont...
Automation opens up pathway to a simplified, more user-friendly DeFi
Few doubt the potential that DeFi has to redefine crucial aspects of finance for all. But, as it stands, using DeFi platforms and protocols is often time consuming and anything but easy. One of the biggest draws of DeFi are the yields users can earn on farming and staking protocols. However, the yields on offer are constantly changing, meaning crypto enthusiasts need to stay locked to their screens to ensure they aren’t missing out. Given the 24-hour nature of this fast-moving industry, keeping on top of things is often easier said than done. Some protocols are also pretty difficult to use, requiring users to monitor a plethora of different pools. And even when you find the best returns that the market has to offer, the process of manual compounding can be quite tedious. In search of...
Inflation is killing us; cryptocurrency alone cannot beat it
Much like a pandemic, inflation has spread throughout the world, clouding the future with dark uncertainty. Disagreement over how to best manage soaring prices in the United Kingdom nearly caused its economy to collapse and subsequently led to the resignation of Prime Minister Liz Truss after just 44 days in office. Currently, at least 10 emerging economies are hyperinflationary, with more expected to follow. And the Federal Open Market Committee (FOMC), the part of the U.S. Federal Reserve responsible for keeping prices stable, just announced higher interest rate hikes in the midst of a return to positive gross domestic product — signaling continuing inflation troubles ahead. The worldwide struggle to reduce inflation is tangible evidence that yesterday’s central bank tools are inad...
Audius Acquires Virtual Music Experience Platform SoundStage.fm
Blockchain-powered streaming platform Audius has acquired Soundstage.fm, expanding the company’s efforts in the virtual concert space. Audius, the leading decentralized music community and discovery platform, will now provide interactive music metaverse experiences for fans as well as new monetization opportunities for artists. “At Audius, we are always excited to expand the ways that artists can interact with their most passionate fans,” said the company’s CEO and co-founder, Roneil Rumburg. “SoundStage.fm has built one of the most compelling environments for artists and their fans to meet virtually and is a natural extension of what the Audius community is building. We’re excited for the artists that love Audius to connect with their fans in t...
David Guetta and MORTEN Team Up With Web3 Company to Develop “Future Rave” Metaverse
The future rave movement is formally planting its stake in the music industry’s next digital frontier. The genre’s foremost faces, David Guetta and MORTEN, recently formalized their new Future Rave record label before dropping its inaugural single, “Element.” As it turns out, the duo had even more up their sleeves when it comes to world-building around their collaborative endeavors. Crypto Blockchain Industries (CBI) has announced that Guetta and MORTEN will be teaming up with the Parisian Web3 company to bring the future rave genre to the metaverse. The forthcoming experience will become a part of CBI’s AlphaVerse, according to a press release. Scroll to Continue Recommended Articles In just a few short years, the future rave genre has blossomed from hum...
THORChain network resumes following 20-hour chain halt
Cross-chain exchange and proof-of-bond network THORChain announced it was once again “fully operational” after an outage of more than 20 hours In an Oct. 28 tweet, the THORChain team said the network was “back online and producing blocks” and had reenabled trading. The network was halted on Oct. 27 after the team said a bug had caused “non-determinism between individual nodes.” “Turns out to be string manipulation: code was pushing a cosmos.Uint (instead of a uint64) into a string, which causes the string to get the point of the big int instead of the actual value, causing the memo string to be different on different nodes,” said the THORChain team following the chain halt. “Didn’t see this in stagenet because the bad memo never gets written to disk/block, because it gets swapped immediate...
Nifty News: LooksRare the latest NFT market to sack royalties, Twitter’s tweeting tiles and more
Nonfungible token (NFT) marketplace LooksRare is the latest in a string of NFT markets to do away with enforcing creator royalties by default, following the likes of Magic Eden and X2Y2. The platform tweeted on Oct. 27 that it would not be supporting creator royalties by default, instead choosing to share 25% of its protocol fees with NFT creators and collection owners. Buyers can still choose to pay royalties when purchasing an NFT but it will be on an opt-in basis. Explaining the changes, it said 0.5% of its 2% protocol fee would go to collections, as long as that collection has a receiving address for the funds. LooksRare said the willingness of buyers to pay royalties has “eroded” as a result of many NFT markets now moving to a zero-royalty model adding that these disadvantage cre...
Report: Vast majority of blockchain energy studies ‘lack scientific rigor’
According to a new preprint conducted by researchers at the Open Universiteit, University of California Berkley, and Radboud University, the vast majority of literature on blockchain energy use from both academic and everyday sources “lacks the scientific rigor expected from a mature scientific field.” The report analyzed 128 scientific and open-source studies related to carbon emissions of blockchains such as Bitcoin. Researchers then found that an astonishing 34% of studies did not even possess an explicit research design. Meanwhile, 43% of studies did not share data, while 67% did not share source code. Finally, 79% of studies had no discussions about the reliability of external data. Several notable fallacies across studies were discovered by researchers in their analysis. ...
Potential US ban is a reminder that influencers should dump TikTok
With a recent proposal by a member of the United States Federal Communications Commission (FCC) to ban TikTok, influencers are scrambling. If the FCC makes good on the ban, TikTok creators could lose their fanbases and revenue streams overnight. People are often skeptical about Web3, many of them influencers and digital content creators. Notably, many of those most reluctant to embrace Web3 are very successful on Web2. Since they’ve mastered monetization on popular Web2 platforms such as TikTok, Twitch and others, why bother learning the rules of a new game? The current regulatory debate around restricting TikTok in the U.S. provides a salient example of the risks associated with Web2 platforms, and why embracing Web3 can both benefit and protect influencers and their fans. The value add o...
Venom Foundation – the first crypto foundation licensed in UAE’s ADGM to build an infinitely scalable blockchain platform
The project generates attention in MENA due to its tremendous transactional management possibilities, higher security, and inbound governmental database projects. Venom Foundation has been registered as the first crypto foundation in the ADGM, with a license to operate a blockchain and issuing utility tokens. ADGM is known as a fintech oasis for investors and financial services firms around the globe. The next essential step of Venom Blockchain is to be announced in the upcoming month. Venom blockchain has an asynchronous blockchain technology of dynamical sharding, that has made an unprecedented leap in blockchain technology development globally, bringing to the market boundless scalability, and higher security guarantees with decentralization. Venom Foundation is leading among three core...
Report: India ranks third in the world in terms of Web 3.0 workforce size
According to a new study published by the National Association of Software and Services Companies (NASSCOM), a non-profit organization in India with over 3,000 members, the country currently possesses 11% of the world’s Web 3.0 talent. The figure makes India the world’s third largest regarding its Web 3.0 workforce, employing nearly 75,000 blockchain professionals today. Furthermore, the industry group expects the talent pool to grow by over 120% within the next two years. India is also home to 450 Web 3.0 startups, four of which are unicorn companies. Through April 2022, the Indian Web 3.0 ecosystem has raised $1.3 billion in funding. Moreover, over 60% of Indian Web 3.0 startups have expanded their footprints outside of the country. The vast majority of firms listed in the st...
What are CC0 NFTs, and why are they important?
As the Web3 world has largely promoted transparency and openness with code, NFT creators and teams are also opting for the same with art. However, that is just the beginning of the journey, and these nonfungible token creators and communities must realize that. CC0 can sometimes be portrayed as a logical conclusion where the NFT creators hand over the process of building on their creation to their community and beyond. Some NFT collections have had several derivative projects promoting the culture of the NFT almost as brand extensions. However, declaring a project as CC0 is just the beginning. NFT project teams and creators who take the CC0 route must actively promote the use of the brand and onboard other creators and projects to build brand extensions to their NFT collections. ...
