Month: July 2023

Bruce Lee avatar to teach martial arts in the metaverse

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Legendary martial artist and actor Bruce Lee , who died in 1973, is set to teach martial arts in the metaverse through a tribute event hosted by a social entertainment platform, to celebrate the 50th anniversary of the actor’s passing.  Metaverse project Byte City announced on July 26 that those who wish to engage with an avatar of the late actor can participate in the event by minting avatars in Ethereum and Polygon. The minting is set to open on July 27, 9 AM PST for Polygon and July 28,…

Shibarium Bridge In Beta Goes Live But There’s A Catch

Shiba Inu’s development team has announced a significant advancement in the SHIB ecosystem. With the introduction of the Shibarium Bridge, users will have a new way to interact with the ecosystem. However, as this technology is still in its beta phase, the team behind Shiba Inu (SHIB) is urging the community to exercise caution. A team representative known as Lucie recently announced the Shibarium Bridge’s beta release. This addition to the Shibarium network was first introduced to the public in April and has since progressed from being partially functional to…

Palm Foundation Picks Polygon to Scale Native Network

Additionally, the Palm Network will be compatible with Ethereum and Polygon 2.0, helping projects expand into additional ecosystems with a focus beyond NFTs. Jordi Baylina, co-founder of Polygon, said in a press release that the Polygon Supernet’s high speed, low cost and customizable nature makes it an ideal network for the Palm Foundation’s expansion of access to NFTs. Source

Amazon Managed Blockchain Expands its Access and Query Functions

AMB Access expands AMB’s node offerings with serverless, scalable access to blockchains. Developers can use standard remote procedure calls, a method of asking an external computing source to perform a function, to interact with digital assets and distributed applications across multiple blockchains without specialized infrastructure. Source

Worldcoin (WLD) Signups Dwindle Less Than A Week After Launch

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Newly-launched project Worldcoin has failed to achieve significant progress as signups for the platform’s ‘Digital ID’ continues to dwindle since launching on July 24.  What Is Wrong With Worldcoin? Controversies surrounding the project and reservations like privacy concerns have brought about skepticism and reluctance to sign up on the platform. As part of the sign-up process, users must scan their iris using “The Orb,” available at designated locations worldwide. Once the user is verified as human, they receive the “World ID” alongside 25 WLD, the project’s native token, worth roughly…

Is Arbitrum Promise Fading? Metrics Decline Raise Price Alarms

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Arbitrum (ARB), a Layer-2 scaling solution for Ethereum, has been on an eventful journey, with its promise of enhanced scalability and efficiency facing continuous scrutiny. Recent downtime incidents and declining metrics have raised concerns among investors and users, challenging the network’s resilience. This kind of downtime raises concerns about the network’s stability and the potential impact on users and DeFi protocols running on the platform. Traders and investors, already cautious about the rapidly evolving cryptocurrency landscape, may need more time to engage with a network facing repeated disruptions. ARB Incident…