Month: February 2023

Klaytn Foundation Proposes Slashing KLAY Supply by 50%

Besides the deflationary approach to increase the value of KLAY, the protocol also revealed that it is committed to increasing the utility of the digital currency beyond its use as a gas fee. The Klaytn Foundation, the blockchain startup in charge of maintaining the Klaytn Blockchain’s code, has proposed cutting the total supply of the KLAY token by 50%. According to a Coindesk report, the demands were contained in a tokenization optimization proposal that will impact the core outlook of the protocol. The proposal is up for voting by the…

Tencent Cloud to Introduce New Products for Web3 Builders in Support of Greater Decentralized Tech Push

Tencent Cloud has expressed commitment to building, supporting, and growing the global Web3 community. Tencent Cloud recently announced its support for the global Web3 ecosystem development. The cloud business by Tencent also introduced new products to facilitate Web3 creation and consolidation. Tencent Cloud expressed its commitment at the first global Web3 summit, with Poshu Yeung, Senior Vice President saying: “At Tencent Cloud, we see a future with Web3, a new iteration of the internet that ushers in the concept of ‘Immersive Convergence’ where the physical and digital economies meet and integrate.” Yeung also pointed out…

IoT project turns smartphones into blockchain nodes to broaden connectivity

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Smartphones could become an integral part of blockchain networks, powering connectivity between smart devices in the Internet of Things (IoT) industry. Nodle is the firm behind a connectivity platform that incentivizes users to become nodes of an IoT network. Making use of the increasing proliferation of smartphones worldwide, the network uses Bluetooth connectivity to rent computing power, storage and Bluetooth capability of devices to broaden the footprint of IoT networks. Nodle CEO Micha Anthenor Benoliel outlined details of the project in an interview with Cointelegraph, which looks to tap into…

Breakdancing medic’s NFT auctioned at Sotheby’s — Grant Yun, NFT creator – Cointelegraph Magazine

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Artist name: Grant Riven Yun Location: Milwaukee Date minted first NFT: Feb. 3, 2021Which blockchains? Ethereum, Counterparty (Bitcoin) Who is he? Grant Yun has always been an artist at heart with an early aspiration to have his work featured at a major auction house. A curious and motivated individual, Yun is studying medicine while juggling his work as an artist and performing as a breakdancer who has competed all over the United States.  Since discovering NFTs a little over two years ago, the Wisconsin resident has propelled his art and personal brand…

11 tech jobs that do not require coding skills

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Tech jobs that do not require coding are important for several reasons. Firstly, they provide opportunities for individuals who may not have the technical background or interest in coding to work in the tech industry. This can help diversify the industry and bring in fresh perspectives and skill sets. Additionally, these roles are crucial for the successful development and launch of tech products and services. Technical support specialists, project managers, technical editors and quality assurance testers are all essential for ensuring that products are user-friendly, high-quality and meet user needs.…

Security team creates dashboard to detect potential NFT hacks in OpenSea

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A wallet security team released a real-time dashboard that lets community members detect, track and monitor potential nonfungible token (NFT) hacks using offline signatures in the OpenSea marketplace.  According to the team behind crypto wallet ZenGo, they created an NFT hack detector using a simple method. This includes tracking realized NFT trades in the NFT marketplace and comparing the trade amount of the NFT collection’s floor price. If the ratio between the two trade values is suspiciously low, it will get flagged as a potential hack. ZenGo wallet dashboard for…