Tag: Blockchain

Nigerian Central Bank Affiliate Partners With Blockchain Startup Zone to Boost Payments

The Nigeria Inter-Bank Settlement System (NIBSS) has partnered with Zone, a decentralized payment infrastructure company, to improve its payment services. NIBSS will use Zone’s blockchain technology to streamline its Payment Terminal Service Aggregation (PTSA) operations. Both NIBSS and Zone believe that blockchain technology can revolutionize the financial sector and enhance regulatory oversight. NIBSS Enhances Payment […] Source CryptoX Portal

Will Tether Unveil Its Own Blockchain? CEO Shares Intriguing Details

Amid speculation that Tether, issuer of the largest stablecoin in the crypto market USDT, could launch its blockchain, the company’s CEO, Paolo Ardoino, has addressed the rumors with key details.  Tether Abandons Plans To Launch Own Blockchain In an interview with Bloomberg News, Ardoino acknowledged Tether’s technological capabilities but noted that blockchains are rapidly becoming a “commodity” in the market. Ardoino said We are very good in technology, but I think blockchains will become almost a commodity in the future. Launching a blockchain ourselves might be not the right move.…

Gotbit Hedge Fund: Memes Are Driving the Next Wave of Blockchain Innovation

Memecoins, initially a niche in the digital asset world, have grown into a significant force within the blockchain and crypto markets. These tokens, often associated with cultural references and humor, present unique opportunities for substantial financial gains, drawing in traders and investors eager for high returns. As these tokens continue to evolve, their influence on […] Source CryptoX Portal

Sony Group Introduces Ethereum Layer-2 Blockchain Soneium

Sony Group, in partnership with Startale, has launched Soneium, a public Ethereum layer-2 blockchain. This development is part of Sony’s strategic expansion into the blockchain ecosystem, leveraging its extensive distribution networks in entertainment, gaming, finance, and electronics. Soneium aims to mainstream Web3 technologies and integrate them into daily consumer applications, promising to enhance user experience with blockchain’s benefits. “Soneium, by Sony Block Solutions Labs is building a public Ethereum layer 2 next-generation blockchain ecosystem designed to invoke emotion and empower creativity. Soneium will connect the blockchain technology (Web3) with the…

Sony, Electronics Pioneer Behind Walkman, Starts Own Blockchain ‘Soneium’

The “first year is all about onboarding Web3 people, because technology-wise and the community-wise, it is a little bit early to onboard the general users,” Watanabe told CoinDesk. “And then phase two, within two years, we’re going to onboard Sony products, such as, Sony Bank, Sony Music, Sony Pictures and so on. So we would like to integrate Web3 and blockchain technology into Sony’s product. And in three years, we would like to onboard not only Sony, but also all enterprises and all general dapps on the top of it.”…

Fanton Secures $1M Seed Investment to Enhance Blockchain Fantasy Football Platform

Zach Anderson Aug 22, 2024 13:42 Fanton Fantasy Football secures $1M in seed funding from Animoca Brands and others to expand its blockchain-based platform integrated with Telegram. Fanton Fantasy Football, a blockchain-based fantasy sports platform seamlessly integrated with Telegram, has successfully closed a significant seed funding round, securing $1 million. According to GlobeNewswire, the round saw participation from notable investors such as Animoca Brands, Delphi Ventures, HashKey x TON Accelerator, and Kenetic Capital. Rapid Growth and Strategic Momentum Fanton Fantasy Football has…

Avalanche Becomes Latest Blockchain to Support Franklin Templeton’s Tokenized Money Market Fund

“For us, why we’re very excited to have Franklin Templeton’s Benji app and platform deployed on Avalanche is really twofold,” said Morgan Krupetsky, Head of Capital Markets and Institutions at Ava Labs. “On the one hand, the money market funds contract in and of itself and potentially as a payment mechanism represents a foundational and fundamental piece to a broader tokenized asset ecosystem and capabilities.” Source link

Offchain Labs Unveils Arbitrum Roadmap to Boost Blockchain Innovation

Tony Kim Aug 21, 2024 07:25 Offchain Labs has released its technical roadmap for Arbitrum, focusing on scalability, decentralization, and developer experience to drive blockchain adoption. Offchain Labs has outlined an ambitious technical roadmap aimed at enhancing the Arbitrum blockchain ecosystem. The roadmap focuses on improving scalability, decentralization, and developer experience, according to Offchain Labs. Your Chain, Your Rules The guiding principle of the roadmap is “Your Chain, Your Rules,” emphasizing user and developer empowerment. Offchain Labs aims to make onchain applications…

IOTA Completes Final Phase of European Blockchain PCP Initiative

Alvin Lang Aug 21, 2024 01:11 IOTA successfully concludes the European Blockchain PCP, developing scalable and sustainable blockchain solutions for Europe. The IOTA Foundation has successfully completed the final phase of the European Blockchain Pre-Commercial Procurement (PCP), according to IOTA Foundation Blog. This milestone marks a significant achievement in developing pre-commercial blockchain solutions for Intellectual Property Rights Management and Digital Product Passports. Background and Selection In 2021, IOTA was selected as one of seven projects from over 30 applications to participate in…