Tag Archives: Blockchain Technology

Abu Dhabi has officially launched a center dedicated to driving blockchain innovation and establishing the city as a hub for top global events and workshops, connecting industry leaders. The Blockchain Center will also incorporate a venture capital arm to support and invest in Web3 startups. The Blockchain Center aims to encourage the development of the blockchain industry in Abu Dhabi. It aims to make Abu Dhabi one of the key hubs of blockchain innovation, technology, and entrepreneurship...

Mantle Ecosystem has recently made a significant strategic investment in UXLINK, marking a pivotal moment in the continued development and expansion of both entities. This partnership promises to deliver seamless user experiences and enhanced ecosystem growth through collaborative efforts and shared goals. The alliance will leverage the strengths of Mantle’s diverse chain portfolios and UXLINK’s robust web3 social platform to create a synergistic effect that benefits users and developers...

Italian public sector bank Cassa Depositi e Prestiti SpA (CDP) and Intesa Sanpaolo, Italy’s largest lender, conducted a transaction worth 25 million Euros using blockchain technology this past Thursday. With that, Intesa Sanpaolo invested in a bond worth that amount with a four-month maturity period. The transaction happened on the Polygon network, an Ethereum layer 2 blockchain. A press release issued by Intesa Sanpaolo read, “The bond, with a nominal value of €25 million, has a duration...

The Bitcoin network is breaking records beyond its native asset, BTC, hitting prices unseen by other cryptos. It is now a top three NFT ecosystem by sales generated through all-time sales volumes, hitting $4,271,928,280 and pushing the Ronin chain down to the fourth spot. As protocols like Ordinals and Rune bring new use cases to the legacy chain, Bitcoin has transformed into an established NFT ecosystem. Enthusiasts take to the first-ever blockchain in droves to get their hands on NFTs,...

Polygon Labs has acquired Toposware, a Zero-Knowledge (ZK) startup, which has been working on its type 1 prover technology for some time now. The acquisition comes as Polygon Labs’ third one – it has acquired Mir Protocol and Hermez Network. It paid over $650 million in total for both those projects. With the Toposware acquisition, Polygon Labs’ investments in the ZK ecosystem go beyond the billion-dollar mark. The company has focused on delivering scalable technologies to improve the user...

CoinspeakerForbes Establishes Permanent Residence in The Sandbox Metaverse: Landmark Move in Virtual Economy In addition to enhancing its brand visibility and audience engagement, the presence of Forbes in the Sandbox Metaverse is expected to open up new revenue streams. Forbes Establishes Permanent Residence in The Sandbox Metaverse: Landmark Move in Virtual Economy

Microsoft has teamed up with layer-1 blockchain firm Aptos Labs to further establish its presence in both the web3 and artificial intelligence (AI) arenas. Microsoft and Aptos Have Joined Hands Mo Shaikh, the co-founder and CEO of Aptos Labs, commented in an interview: The primary focus for both of us is solving our respective industries’ problems. Aptos will run validator nodes on the Azure Cloud hosted by Microsoft, a move slated to bring higher degrees of...

Blockchain is arguably becoming one of the most innovative and important technological trends in the world. More Companies Are Looking to Fill Blockchain Roles A new survey conducted by Heindrick and Struggles shows blockchain positions with Fortune 500 companies and related businesses are becoming much more common. Jeff Smith – a board member for ANZ and Sonrai Security – recently commented in an interview that there are several security issues companies are...

There are a lot of big and exciting things happening in the world of blockchain gaming. For starters, Gala Games is joining hands with the Elixir Games Launcher distribution platform to ensure its new series of web3 gaming titles can reach larger audiences. Gala Games and Elixir Are Coming Together Via Blockchain Gala offers a strong number of web3 games including “Town Star” and “Spider Tanks.” While they’re popular, the list of current players is somewhat...

Base – the highly anticipated layer-2 network of popular digital currency exchange Coinbase – is now live and has been available for public trading since August 9. Coinbase Allows Base to Go Live Jesse Pollak – the lead for Base and the head of protocols at Coinbase – explained in a recent podcast that the network underwent a lengthy period on the test net between February and July of this year. He commented: We’ve reached a point where we felt there was a...