Tag: Launches

Tether Launches USDT on Kava Blockchain

Tether Operations Limited (Tether), the company behind the renowned blockchain-powered platform tether.to and the world’s leading stablecoin, has revealed its plans to introduce U.S. dollar-pegged Tether tokens (“USDT”) on Kava. Kava is a layer-1 blockchain specifically designed to offer scalability and high speed. With its establishment in 2018, the Kava network stands out by employing a co-chain design that combines the Ethereum virtual machine’s flexibility with the rapid transaction processing, low fees, and interoperability of the Cosmos software development kit. This innovative architecture enables users to leverage Cosmos’ “zones” feature…

BNB Chain launches Optimism-based layer-2 solution

Binance’s BNB Chain has launched opBNB, an Ethereum Virtual Machine (EVM) compatible layer-2 solution on the BNB Smart Chain (BSC) network. opBNB is designed to bring more scalability, security, and cost efficiency to the BSC ecosystem. To offer developers, users, and projects faster and more cost-efficient transactions,  the BNB Smart Chain (BSC) network has launched opBNB, a layer-2 scalability solution based on the Optimism OP Stack. While BSC, a layer-1 blockchain from the stables of Binance, currently boasts 2,000 transactions per second (TPS), with average transaction costs of around $0.10,…

New Crypto Exchange Backed by Fidelity, Schwab and Citadel Launches With Additional Investors

One thing that separates EDX Markets from other crypto exchanges is that it doesn’t custody customers’ digital assets. Instead, users will have to go through financial intermediaries to buy and sell crypto assets, similar to how trades are executed on the New York Stock Exchange (NYSE) or the Nasdaq (NASDAQ). Regulators like the different approach, Nazarali said, because they think it’s important that there’s separation between the exchange function and the broker dealer function. Source

Czech automobile conglomerate Škoda Auto launches NFT platform

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On June 20, Škoda India, the Indian subsidiary of Czech automobile conglomerate Škoda Auto, launched a Web3 and nonfungible token (NFT) experience in partnership with Near Protocol. Dubbed “Škodaverse India,” developers say the platform will possess low gas fees, interoperable NFTs for multiplatform usage, and eco-friendly, scalable NFTs. The firm wrote:  “Škodaverse India will also unlock bespoke utilities and experiences for NFT holders which will be revealed along with the first drop details. All NFTs will be minted on carbon-neutral blockchains, aligning with our sustainable vision.” The debut Škoda NFT…

Vimeo Launches New AI Features to Simplify Video Editing and Scripting

According to Vimeo CEO Anjali Sud, the new AI features are part of Vimeo’s vision to empower anyone to create professional-quality videos with minimal effort and resources. Leading video platform for professionals and businesses, Vimeo, has announced the launch of three new AI-powered features. These new features aim to make video creation significantly easier and faster. Introducing Vimeo’s Smart Scripts, Smart Prompts, and Smart Cuts Vimeo’s three new AI tools are an AI script generator, a built-in teleprompter, and a text-based video editing tool. On its part, the AI script…

Etherscan launches AI-powered Code Reader

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On June 19, Ethereum block explorer and analytics platform Etherscan launched a new tool, dubbed “Code Reader,” that utilizes artificial intelligence to retrieve and interpret the source code of a specific contract address. After user prompt input, Code Reader generates a response via OpenAI’s large language model (LLM), providing insight into the contract’s source code files. Etherscan developers wrote:  “To use the tool, you need a valid OpenAI API Key and sufficient OpenAI usage limits. This tool does not store your API keys.” Use cases for Code Reader include gaining…

Binance launches Bitcoin mining cloud services amid SEC crackdown in the US

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Crypto exchange Binance announced the launch of new subscription-based could mining products dedicated to Bitcoin (BTC) mining.  Starting June 15, users that are interested in Bitcoin mining but lack the equipment can subscribe to Binance’s cloud mining services and purchase hashrates for the same. Hashrate is the computing power required for confirming and legitimizing Bitcoin transactions over the blockchain. Binance is currently selling 1 Terahash per second (Th/s) at $10.7280, which is split between the hashrate and electricity costs at $1.17 and $9.558 respectively. A higher number of hashrate increases…

Puma launches metaverse experience: Nifty Newsletter, June 7–13

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In this week’s newsletter, read about footwear giant Puma’s new metaverse experience for Puma Pass nonfungible token (NFT) holders. Check out Meta CEO Mark Zuckerberg’s comments on the new Apple Vision Pro headset, and how NFT platform Enjin has launched a new blockchain. In other news, GameStop terminated the executive responsible for its NFT push, and don’t forget this week’s Nifty News, featuring Kraken’s NFT marketplace and Coinbase’s Stand With Crypto NFTs. Footwear conglomerate Puma launches 3D Web3 experience Footwear company Puma has launched a 3D metaverse experience called Black…

Footwear conglomerate Puma launches 3D Web3 experience

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On June 13, German footwear conglomerate Puma launched its 3D metaverse experience, Black Station. As told by developers, Black Station is an “experiential home” for product drops built to provide “unbridled access” for Puma Pass nonfungible token (NFT) holders. The firm says that the experience is for everyone to explore, but only those possessing RB tokens airdropped to Puma Pass holders can purchase a digital “Rulebreaker” sneaker and claim two digital wearables. At the time of publication, RB tokens currently have a price tag of 0.0125 Ether (ETH). Developers wrote:…

Snoop Dogg Launches Evolving Digital Collectible, the Passport Series

“Throughout my career, I’ve always been pushing things forward,” said Snoop Dogg in a press release. “With the passport series, I can give my fans the opportunity to travel the world with me – no one’s ever done that. I’ve always been a pioneer, and digital merch is part of the future. I’m hoping other artists can see what I’m doing and continue to innovate on their own.” Source