Day: December 15, 2021

Web 3 Is More Than Fun and Games; It’s for Work

Remote work requires a set of tools for communication, information sharing and project management, but we are already seeing the dire consequences of these tools in regard to individual privacy and organizational security – which are overlapping sets. On the one hand, the most popular online platforms for video conferencing, data sharing and project management, like Zoom and Slack, have proven themselves shockingly insecure, with fresh vulnerabilities surfacing in the wake of each new patch or “feature.” Source

This Decentralized Gamefi Project is Building a Mecha-Filled Metaverse

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When it comes to gaming, certain genres are always in vogue. Shooter RPGs. Survival games. Immersive action-adventure odysseys focused on exploration and discovery. And, of course, battle-based games that revolve around towering fighting machines known as mecha. This isn’t a surprise, of course. Talking robotics with cannons for arms have broad appeal, as evidenced by the success of the Transformers franchise, a series that has generated $4.86 billion at the global box office. Making it the 13th-highest-grossing movie franchise of all time. But what happens when mecha enters the metaverse?…

Can NFT Art Survive Its Own Addiction to Elitism?

As part of our Culture Week coverage, members of CoinDesk’s Layer 2 team have been comparing notes about our experiences of non-fungible token art events in New York and elsewhere over the past year. One theme has been the prevalence of closed-door events – and equally closed-door attitudes. There are entire NFT gallery shows restricted to people who’ve already shelled out tens of thousands of dollars or more. One member of our team, comically, was yelled at just for walking a bit too close to the front door of an…

[SPONSORED] The Future of Institutional Crypto Investment

Fixed-term crypto investments are giving institutions and corporations an opportunity to venture into the world of digital assets and generate higher yields compared to what’s available via banks and many fixed income markets. In this webinar, you’ll hear from leaders behind dollar digital currency products to discuss market trends, the future of crypto investments, and how it works. Speakers include Jeremy Allaire, co-founder, and CEO at Circle, a global financial technology firm.  Michael Moro, CEO at Genesis, a digital currency prime brokerage. Mike Belshe, co-founder and CEO at BitGo, a collateral custody, and management agent.…

Sotheby’s NFT Sales Reach $100M in 2021

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Fed Speeds Up Stimulus Withdrawal, an Extra Headwind for Bitcoin

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Fed Speeds Up Stimulus Withdrawal, and Bitcoin Jumps

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According to a statement Wednesday, the Fed will double the pace of tapering its monthly bond purchases, reducing them by $30 billion every month until they’re completely wound down early next year. Under the Fed’s previous plan, it would have withdrawn $15 billion of the stimulus every month to wind down the program by the middle of next year. For most of the past couple years, the Fed has been printing money to buy about $120 billion of bonds a month. Original

Bitcoin Volume Dropping Could Suggest The Downtrend Is Diminishing

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Data shows that Bitcoin trading volume has started dropping off, suggesting that the recent downtrend might be diminishing. Bitcoin Trading Volume Sharply Drops Off In The Past Week As per the latest weekly report from Arcane Research, the BTC 7-day average trading volume has significantly reduced recently. The “trading volume” is an indicator that measures the total amount of Bitcoin transacted on the chain during a particular period. When the value of this metric goes down, it means the activity on the chain is falling off. This can imply investors…

Sovryn Origins Harnesses The Power Of Community Engagement With New Token

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The Bitcoin network debuted in 2009 and introduced an asset class the world had never before seen, and some have branded bitcoin’s launch as the beginning of decentralized finance (DeFi). However, the decentralized applications (dApps) that are most associated with DeFi services were developed on other chains. Bitcoin was a major breakthrough for technology, but its programming didn’t allow for the possibility of running dApps on its network when it first launched. Recently, the integration of a sidechain like Rootstock has brought smart contract and dApp functionality to Bitcoin, and…

Hedera, a Distributed Network Targeting Businesses, Jumps Into Metaverse Fray

The Hedera Network, which claims to be the only public distributed ledger network suited for the security and stability requirements of big businesses, is jumping into the cryptocurrency-fueled frenzy over virtual worlds, angling to develop what it describes as “enterprise metaverse.” The HBAR Foundation, which supports development on the Hedera Network through grants, has formed a new partnership with MetaVRse, a web-based 3D creation platform, to support development of metaverse-related applications, according to a Dec. 14 press release. The metaverse refers to the idea of digital worlds that would combine…