Category: Blockchain

Algorand becomes first US blockchain sponsor of FIFA World Cup

Blockchain network Algorand (ALGO) has partnered with FIFA inking a sponsorship and technical partner deal as the network becomes the soccer association’s first official blockchain platform. The deal announced on Monday, May 2 will also see Algorand become a regional supporter in North America and Europe for the 2022 FIFA World Cup to be held in Qatar in November and December. BREAKING: @FIFAcom has announced #Algorand will become the official blockchain of FIFA, empowering the global football community with cutting-edge, sustainable technology. Read more https://t.co/LTTUqGNLNA @FIFAWorldCup #FIFAWorldCup pic.twitter.com/LuEFTY3WK6 — Algorand…

ETH Blockchain DeFi Company Partners with The Glimpse Group to Mint 3D AR-based NFTs

The ETH blockchain DeFi company, The Commission, has established a partnership with The Glimpse Group, a virtual reality and augmented reality platform company, to create an AR-based gold-plated NFT project. The company announced that The Glimpse Group has entered into a paid partnership with its wholly-owned subsidiary QReal, which will apply its expertise in AR development and 3D modelling to develop multiple 3D AR-based NFTs for The Commission Token. Commission Token ($CMSN) is also one of the first digital assets mainly backed by gold, which has narrowed the distance between traditional…

Solana PoS Blockchain Network Faces Outage For The Seventh Time

January has been a tough month for Solana as the coin encountered a total of six outages. This time Solana again faced a downtime as there has been an increased number of transactions flooded by the Candy Machine NFT bots causing network congestion. Blockchains often have an issue with scaling as they are quite inept in terms of handling the traffic that Web2.0 can handle without encountering major issues. The Layer-1 Ethereum competitor Solana faced this outage for 7 hours over the weekend. As reported by Solana, the network received…

Gaming, crypto fintech and blockchain infrastructure dominate venture capital rounds

Cryptocurrency markets remain caught in a macro-based downtrend, with Bitcoin (BTC) and Ether (ETH) showing further signs of weakness at the end of April. But venture capital activity in the crypto and blockchain sectors is the strongest it has ever been, offering further evidence that major investors are looking beyond immediate price action and ignoring divisive bull/bear narratives. The latest edition of VC Roundup highlights the growing excitement surrounding Web3 gaming, decentralized finance and blockchain infrastructure. The first quarter of 2022 was brutal for crypto prices, but venture capital activity…

Binance to drive crypto and blockchain awareness among Indian investors

Crypto exchange Binance announced the parallel launch of three key educational initiatives to fast-track educating Indian investors and students about the cryptocurrency and blockchain ecosystem. While recognizing the importance of investors’ awareness of crypto and blockchain, Binance highlighted that Indian regulators and policymakers cite the lack of education as an area of concern, which currently hinders the widespread adoption of crypto. Primarily targeting the student demographic in India, one of the three educational initiatives launched by Binance involves the initiation of the ‘Blockchain for Good’ Ideathon, a platform for college…

Blockchain in Manufacturing Market Expected to Hit $17 Billion by 2027

The urge to streamline operations and track assets with unprecedented precision are some of the factors expected to make the blockchain in the global manufacturing market hit $17.047 billion by 2027, according to a report by Research and Markets. This market was worth $717.6 million in 2021 and is anticipated to record a compound annual growth rate (CAGR) of 66.4% during the 2022 to 2027 forecast period. Some of the key market players in manufacturing have been deploying blockchain technology to generate smart home solutions like smart meters.    Therefore, the…

Blockchain projects aim to disrupt the music industry

Music is a tricky business. The industry has its fair share of controversies, from monopolies to the limited earning potential for upcoming artists. While Web2 brought many positive changes, the industry still has a long way. Because of this, projects are trying to utilize blockchain technology to provide new solutions to the age-old music market. In the last ten years, the industry has changed drastically because of the internet and social media development. Artists have new mediums to share their songs, and fans have many new ways to engage with…

BlackRock Launches New ETF Focused On Blockchain And Technology

With $10 trillion worth of assets under management, Blackrock has officially announced the launch of a new ETF called the iShares exchange-traded fund that will give customers access to crypto markets without having an actual investment in Bitcoin or Ethereum. BlackRock is an American investment management company working across borders, known as the world’s largest asset manager. The primary motive of the recent move is to concentrate on cryptocurrency, tech companies, and blockchain technology. BlackRock intends to attract rich corporate entities to do business in the crypto space without direct…

Web3 Data Ecosystem Pocket Network Adds Support for the Fantom Blockchain

The Web3 blockchain data ecosystem Pocket Network adds support for the Fantom blockchain, allowing developers to mint Fantom RPC endpoints for their applications directly from Pocket Portal, earning $POKT tokens. Remote Procedure Call is a software communication protocol that one program can use to request a service from a program located on another computer on a network without having to understand the network’s details. RPC is used to call other processes on the remote systems like a local system. Pocket Network is a blockchain data platform built for applications that…

Animoca Brands to Bring Football to the Blockchain in Partnership With OneFootball

Animoca Brands, one of the biggest names in the gaming and metaverse world, has unveiled its partnership with OneFootball, and Liberty City Ventures to establish OneFootball Labs as a Joint Venture between the trio.  Per the announcement, OneFootball Labs will work to bring football fans a whole new experience that is powered by blockchain technology. Riding on the broad network of Animoca Brands in the blockchain ecosystem, the new startup will “enable clubs, leagues, federations, and players to release digital assets and fan-centric experiences” on the blockchain. With the growth…