Category: Blockchain

How will NFTs bridge traditional gaming with blockchain? Enjin’s CTO Witek Radomski explains

When it comes to nonfungible tokens, or NFTs, the subject is often a hit or miss for traditional gamers. While some players welcome the idea of being able to trade in-game digital collectibles for real money, others lament that NFTs could potentially take away the inherent entertainment built within games. So can NFTs contribute any additional value to traditional games, other than turning them into play-to-earn “moneymakers?” To answer this, Cointelegraph Markets Pro spoke to Enjin’s chief technology officer and co-founder Witek Radomski via an ask-me-anything session. Enjin offers a…

Argo Blockchain reports selling 637 BTC to pay debts

Argo Blockchain has joined crypto mining firms including Bitfarms, Core Scientific and Riot Blockchain in selling part of its Bitcoin holdings. In a Thursday blog post, Argo said it sold 637 Bitcoin (BTC) in June for an average price of $24,500 — roughly $15.6 million. The company planned to use the funds to reduce its debt to Galaxy Digital, from which Argo secured separate $20 million and $25 million BTC-backed loan agreements in 2021. The mining company reported that as of June 30, it had an outstanding balance of $22…

Delegated Proof of Stake Blockchain Accumulate (ACME) Releases Governance Documentation

Delegated Proof of Stake (DPoS) blockchain Accumulate has released its official governance documents. These detail the network’s constitution, its list of stakeholders, and the various rules and policies that govern both the protocol and the community. They also outline the primary role that the ACME token will play in the protocol’s development. At a high level, Accumulate combines traditional and novel approaches to blockchain governance in order to achieve optimal decentralized decision-making while maintaining a solid vision and clear direction for the community and ecosystem.  Accumulate’s constitution is constructed on the belief that…

Companies bring music licensing to the blockchain

While critics use the bear market as an opportunity to pounce on crypto and belittle its value, some projects take this chance to develop and launch industry-disrupting platforms on the blockchain.  In July, firms launched or revealed their intentions to construct blockchain-based music licensing platforms that aim to change the way songs are licensed by reducing costs, removing intermediaries, and bringing all of blockchain’s inherent benefits to the music scene. Commenting on the topic, Mehmet Eryılmaz, the CEO of Web3 entertainment firm Faro Company, said that blockchain provides new frameworks…

British investment managers call for the blockchain-traded funds’ approval

The Investment Association, a trade body representing British investment managers, is speeding up the local government and financial regulators to approve blockchain-traded funds with digital tokens substituting traditional shares.  As the Financial Times reported on Thursday, the trade body is pushing the government to establish a new class of funds employing blockchain technology and create a new task force to examine how distributed ledger technology could accelerate the creation of new products and services. The reasons behind such a push, according to the Investment Association, are the possible significant cost…

Blockchain Security Firm Files Patent for Ransomware Solution EB Drive

Blockchain networking company Everything Blockchain Inc. has applied for a patent for its Blockchain drive (EB Drive). As traditional data storage mainly exists on local or network hard drives is vulnerable to ransomware attacks. Despite data being encrypted, there are other disadvantages such as decrypting data, lack of backups and restoring data. Everything Blockchain, Inc. designs and develops software solutions. The Company provides blockchain technology software solutions, including cryptocurrency, smart contracts, decentralized data management, and cryptographic security. EB drives said they are able to store data in a mutable blockchain ledger,…

Former TikTok Gaming Head Launches Blockchain Gaming Startup Meta0

Jason Fung, the former head of short video giant TikTok’s gaming division, launched a blockchain gaming startup called Meta0 as CEO and has completed its first round of financing. The startup aims to provide users with a platform to transfer non-fungible tokens (NFTs) between different blockchains. It also provides white-label application programming interfaces (APIs) and software development kit-based solutions for blockchain developers, ensuring that developers can isolate existing infrastructure options. The founding team of Meta0 currently consists of six members, Fung said: “Right now, if you look at any developer when…

Ex-Head Of TikTok Gaming Rolls Out New Blockchain Gaming Startup

Jason Fung, the former head of TikTok gaming, exited the fastest-growing social media platform. After his exit, the ex-executive rolled out his new startup on Blockchain gaming. Through his announcement on July 5, Fung stated that he exited TikTok to facilitate the launch of MetaO. He explained that MetaO is a startup that focuses on blockchain video games. According to Fung, his resignation from TikTok is born from the desire to create lasting solutions for video game development. With his background and experience in the gaming industry, he believes he…

Riot Blockchain Starts Move Away From New York Hosting Site

Riot, however, decreased its hashrate expectations for the year to 12.5 exahash per second (EH/s). The downgrade follows June’s reduced forecast, when it said it expected 12.6 EH/s by January 2023, below May’s prediction of 12.8 EH/s. The miner produced 421 bitcoins in June, compared with 466 BTC in May, the statement said. Source link

Italian Government to Provide €45m in Grants for Blockchain Industry

Italy’s Ministry of Economic Development is planning to provide up to $46 million in subsidies for developing projects across artificial intelligence, blockchain and Internet of Things technologies, starting in mid-to-late September. The new policy is expected to strengthen research and innovation capabilities for industries. Minister of Economic Development Giancarlo Giorgetti said “the challenge of competitiveness requires constant innovation.” The current initial budget is 45 million euros ($46 million). Italian government said that both companies and public or private research centers can jointly apply for relevant subsidies as long as relevant conditions…