India has plans to explore digital assets with a new ideology. The Reserve Bank of India said they had tested the wholesale usage of CBDC (Central Bank Digital Currency) and are preparing to launch the retail pilot of the “digital rupee” next month. The Economic Times of India reported that the RBI is successful in…
The Ethereum-based metaverse game, The Sandbox, is launching a three-part LAND sale in conjunction with popular brands like Snoop Dog, Playboy, and Tony Hawk, among many others, as reported by Decrypt. The Sandbox game is powered by cryptocurrency, similar to Minecraft or Roblox. It uses blockchain technology to allow users the asset ownership feature via…
The most crucial security measure for crypto clients may be a seed phrase, sometimes a recovery phrase. If something bad occurs to your gadget or electronic wallet, seed phrases may act as the final line of defense to safeguard against cutting off cryptocurrency access. Hardware wallets may be misplaced, looted, or damaged. Computers break, phones…
One of the key issues to consider when determining the worth of NFTs includes liquidity. A few initiatives have entered the NFT platform to address the problem. The finest illustration of this is the BendDAO NFT liquidity algorithm. It’s a lucrative solution to achieve NFT liquidity. What for? NFTs generally have values that make it…
The Indian Finance minister Nirmala Sitharaman said that web3 technologies would transform how we handle and process financial information. “When we have to look at technology and adaptation of technology, web3 is taking over our lives. I think the manner in which financial information is gathered, processed, and also reported is going to see a…
Ehtereum undoubtedly topped the chart of the most popular blockchain used for developing blockchain projects. It was only a matter of time until smart contracts on the Ethereum blockchain could be coded in a language other than Solidity. One language that allows Ethereum experts to create smart contract source code that is simpler to interpret…
In April of 2021, the company introduced virtual Nike sneakers as Ethereum NFTs after acquiring Web3 studio RTFKT. With RTFKT, an NFT and online fashion company it purchased in late 2021, Nike is one of the most significant participants in the fashion sector in Web3, and we’re seeing the retail giant steadily introduce all its…
Heroic Story, a web3 gaming protocol, raised 6 million dollars in funding led by Upfront Ventures. Polygon Technology and Multicoin Capital also participated in this fundraising round. Heroic Story has planned to use these funds to market the live beta, hire talent, and develop on-chain technology for an RPG world. RPG is a role-playing game,…
The most talked-about current technological subjects are blockchain and cryptocurrency. The cutting-edge applications of blockchain technology are still transforming several industries while paving the way for fresh approaches like NFTs and DeFi. In addition to cryptocurrencies, among the most notable blockchain-related developments is decentralized autonomous organizations. The idea of decentralized autonomous organizations presents a fresh…
A coalition of pro-crypto Ukrainian lawmakers and a group of citizens, Blockchain4Ukraine and Virtual Assets of Ukraine (VAU), have revealed a plan to advance and grow Web3 in the country. The paper’s co-authors allegedly put their signatures on it on November 14. The roadmap is a strategized plan of measures for promoting Web3. The plan…
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