Tag: Blockchain

Can Sony and Microsoft bring blockchain to gaming consoles?

Sony and Microsoft, two of the biggest names in gaming, have been making significant moves towards blockchain technology in recent years. This is an important development, as it has the potential to not only revolutionize the gaming industry but it could be the Trojan horse that makes blockchain a mainstream possibility. Sony has filed a patent for a system allowing players to transfer digital assets between PlayStation titles using blockchain technology. This would enable unified progress and asset ownership across different games rather than having assets locked to individual games.…

Blockchain Messaging Platform Wormhole Raises $225M at $2.5B Valuation

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Forbes to Launch Under 30 List on Ethereum Blockchain to Permanently Record Data

The Forbes Under 30 List, including all categories and individual profiles are available on the Ethereum blockchain for permanence. Forbes has announced the launch of its annual Under 30 list on the Ethereum blockchain. The announcement represents news of the first time a publication like this is launching on the blockchain and is a pointer to the potential of using blockchain technology to permanently store published data. Forbes is doing this to ensure that all of the achievements under the individual belts of the highlighted persons are permanently recorded on the blockchain.…

Stakeholder urges swift implementation of Nigeria’s blockchain policy

A stakeholder in the blockchain and fintech ecosystem has called on the federal government of Nigeria to implement regulations that will foster the widespread integration of the approved blockchain policy in the country. Nigeria’s National Blockchain Policy aims to deliver economic growth, job creation and more financial inclusion.  Obinna Iwuno, the president of the Stakeholders in Blockchain Association of Nigeria (SiBAN) — an association of blockchain and digital assets industry players advocating for a friendlier digital asset landscape in Nigeria — recently highlighted this during an interview at the National Information…

Future of business through the synthesis of blockchain technology, data and AI

In the current period, blockchain technology is predominantly used for financial transactions. However, there are emerging trends that are redefining the application of blockchains with purposes like fraud detection, AML and supply chain management.  As emerging technologies take a big piece of global attention, all eyes are now on the convergence of blockchain technology, big data and AI. These technologies put together are creating something magical for businesses that helps them perform better.  Furthermore, they are trying to make things cheaper for both the business and the end user. Let’s…

Animoca becomes largest validator of Telegram’s TON blockchain

Web3 investment firm Animoca Brands is set to become the largest validator of Telegram’s TON (The Open Network) blockchain and plans to deliver blockchain-based games to the messaging app’s 800 million strong user base. An announcement shared with Cointelegraph outlined how the partnership will involve the provision of funding, research, and an analytics platform for third-party TON ecosystem applications.  The value of Animoca’s investment was not disclosed at the time of publishing, but part of the investment is understood to have been made directly into Toncoin, which has been staked…

Argo Blockchain appoints ex-CBOE digital leader as new CEO

Argo Blockchain, a key player in the Bitcoin mining industry, has appointed Thomas Chippas, a veteran in digital assets and financial services, as its new CEO and Director, signaling a strategic shift amid the company’s recent challenges and market fluctuations. Argo Blockchain, a prominent player in the Bitcoin mining and technology sector listed on both the London Stock Exchange and Nasdaq, has selected Thomas Chippas as its new CEO and Director. Argo is excited to announce the appointment of Thomas Chippas as Chief Executive Officer and Executive Director. Thomas was…

Mainstream approval critical for blockchain games — Gaming execs

Web3 game developers have been battling to gain the attention of mainstream audiences for years, and according to three former gaming executives, that market is essential for the industry’s future.  Video games have become a favorite pastime for a lot of people all over the world and have even evolved into a sport. Overall, there are more than three billion Web2 gamers worldwide as of 2023, according to Exploding Topics. Most are considered casual gamers who play regularly but rarely invest significant time. Jennifer Poulson, who has worked in the…

Billionaire Mark Cuban eyes blockchain use for real-estate innovation

Tech entrepreneur and billionaire Mark Cuban expressed interest in a transformative crypto real estate project to integrate smart contracts and non-fungible tokens (NFTs) to facilitate construction and urban development. This development follows a proposal by Jason Calacanis, a serial entrepreneur, to build ten new cities across the US, each housing a million units. These cities are envisioned to redefine urban living with an emphasis on sustainability and affordability. Cuban’s vision for crypto-driven real estate Cuban took the conversation a step further. The billionaire investor’s proposal involves utilizing a blockchain-based smart…

Blockchain devs expect complications from EU smart contract kill switch

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The Data Act — a contentious piece of European Union legislation that includes a clause requiring the ability to terminate smart contracts — has been approved by the European Parliament. If introduced, the legislation will require a smart contract to have a “kill switch.” In a Nov. 9 press release, the parliament announced that the legislation was passed with 481 votes in favor and 31 against. The next step for it to become law is to gain the approval of the European Council. In its current form, the Data Act stipulates…