Connect with us

Projects

Binance Smart Chain support launched by Bison Trails

“As evidenced by the number of DeFi and NFT projects launched on the platform, Binance Smart Chain is becoming an essential center for developers wanting to build applications,” said Aaron Henshaw, head of engineering at Coinbase Cloud.

Published

on

Bison Trails, a blockchain and cryptocurrency corporate infrastructure provider, has extended support to Binance Smart Chain developers, a move the company claims will contribute to the health and security of the fast-developing DeFi sector.

Developers on the Binance Smart Chain, commonly known as BSC, will have access to validor node infrastructure using Bison Trails, allowing them to run nodes and contribute to the network’s security. In addition, bison Trails provides BSC with Query & Transact architecture, making it easier for developers to create apps.

The relationship with BSC is focused on DeFi’s growth and the Chain’s strategic goal to make decentralized finance more accessible by increasing gas block limits and shortening block times. BSC had attracted more than 180 projects since its start roughly a year ago. According to industry data, BSC’s daily transactions peaked at over 13.1 million on July 29 but dropped drastically.

After announcing numerous significant agreements over the past year, Bison Trails now supports over 30 protocols. Crypto.com and the Provenance Blockchain Foundation are two of the company’s most recent agreements, according to Cointelegraph.

On BSC, as DeFi adoption has grown, so has the number of protocol attacks. A series of vulnerabilities targeting liquidity platform Spartan Protocol resulted in a $30 million loss in May of this year. Of course, DeFi theft isn’t only a BSC issue; Poly Network was just hacked for $600 million, with the perpetrator promising to repay the money. DAO Maker, a crowdfunding platform, was also hacked earlier this month, leading to a $7 million loss. THORChain was the subject of a coordinated heist of approximately $8 million in July.

Despite this, DeFi remains one of crypto’s most promising growth stories. The total value locked in the industry is rapidly approaching record highs, indicating that the market is reversing after months of negative price movement.

NFT

OpenSea and Kakao’s Klaytn collaborate to expand NFT across Asia

Klaytn, a Singapore-based public blockchain platform, and OpenSea, a non-fungible token (NFT) market, established a cooperation on Friday to support the Asian NFT ecosystem.

Published

on

  • In order to showcase Asian NFT initiatives to a worldwide audience, the alliance involves conference collaborations and ecosystem awards.
  • The largest NFT marketplace in the world supports four blockchains: Klaytn, Polygon, Solana, and Ethereum.
  • The blockchain subsidiary of South Korean internet behemoth Kakao, Ground X, founded the Klaytn Foundation.
  • On its central bank digital currency (CBDC) pilot project, the Bank of Korea collaborates with Ground X.

Continue Reading

Projects

Shopify Expands Online Retailers’ NFT-Gated Options

Brands are able to increase the exclusivity of their shops thanks to the e-commerce platform.

Published

on

The future of e-commerce, according to Shopify, is in NFTs.

As a new option for brands wishing to make their stores more exclusive, the online retail behemoth, which enables small businesses to construct customized e-commerce shops, is providing NFT-gated storefronts, Shopify announced on Wednesday.

In the Shopify introduction video, which includes a skating woman who passes through a pastel portal and transforms into a Doodles NFT, a voiceover urges viewers to “invite their communities into a world that acknowledges and rewards devotion.”

The video explains that token holders can access special shopping opportunities by connecting a cryptocurrency wallet, including early access to drops and limited collections as well as one-of-a-kind experiences and other surprises.

Only individuals with existing NFT collections are able to apply for early access to Shopify’s “gm” shop, which is a gated merchandise store and a play on the Crypto Twitter acronym for “good morning.”

However, those that haven’t received approval yet can still integrate NFT token-gating apps like Shopthru or Single into their Shopify sites.

Shopify announced that it has already collaborated with the Adam Bomb Squad, Doodles, World of Women, Invisible Friends, Superplastic, Stapleverse, and Cool Cats NFT collections to develop token-gated shops as part of its token-gated business launch.

Shopify is introducing “IRL” token-gating in brick-and-mortar stores in addition to online token-gating, which restricts access to certain merchandise to authorized NFT holders exclusively.

Why is this important? The future of Web3 commerce will focus on exclusivity, for one thing. NFTs, which are distinctive blockchain tokens that denote ownership over an asset, are increasingly employed as membership cards, tickets to events, and “keys” to open benefits, despite the fact that they are frequently oversimplified as digital art or “jpgs.”

Additionally, this isn’t Shopify’s first venture into NFTs: The business has been involved with Web3 since last year, when it announced the launch of NFT sales on its platform. Brands can mine and sell NFTs on Shopify to clients using the Ethereum, Polygon, Solana, or Flow platforms.

Continue Reading

Projects

OpenSea, beware—Uniswap is pushing into NFTs

The NFT aggregation platform Genie is being purchased by Uniswap Labs, the organization that created the Ethereum-based decentralized exchange Uniswap.

Published

on

In a Bankless interview on Tuesday, Uniswap founder and CEO Hayden Adams said, “We’re attempting to transfer what we brought to the ERC-20 market to the NFT sector.”

You can buy NFTs—individual blockchain tokens that represent ownership—on a variety of different marketplaces, such as OpenSea, LooksRare, or Coinbase NFT. However, few allow consumers to buy many things at once, and none provide aggregation tools that let traders view listings on competing marketplaces.

According to Uniswap Labs on Twitter, “We see NFTs as another form of value in the burgeoning digital economy, and it’s a no-brainer for us to integrate them.”

The NFT aggregator Gem, which also enables customers to acquire numerous NFTs in a single transaction, was purchased by OpenSea just two months prior to the announcement of its acquisition by Genie. OpenSea intends to incorporate NFT aggregation functions into its primary platform, just like Uniswap.

A new tab dedicated to NFTs will be added to Uniswap’s main website later this year as part of the company’s push into NFTs, according to a statement from the company. Additionally, NFTs will be included in its developers’ APIs and widgets.

Uniswap Labs intends to airdrop an unspecified quantity of the stablecoin USDC to Genie’s early backers as a way to commemorate its acquisition. By April 15th, USDC will be given to everybody who had utilized the platform at least once or owned a Genie Genesis NFT. (The business had earlier tweeted that Genie Gem owners were eligible for the airdrop.)

Uniswap entered the NFT market for the first time in 2019 with Unisocks, an NFT that granted holders access to a real pair of socks.

The largest NFT market, OpenSea, has a floor price for Unisocks of 13 ETH (about $15,300) at the time of writing.

Continue Reading

Trending

bitcoin
Bitcoin (BTC) $ 20,616.00 2.27%
ethereum
Ethereum (ETH) $ 1,170.99 3.70%
tether
Tether (USDT) $ 1.00 0.02%
chiliz
Chiliz (CHZ) $ 0.115300 14.32%
enjincoin
Enjin Coin (ENJ) $ 0.576737 0.18%
decentraland
Decentraland (MANA) $ 0.939187 1.20%
flow
Flow (FLOW) $ 1.72 2.01%
the-sandbox
The Sandbox (SAND) $ 1.14 5.60%
wax
WAX (WAXP) $ 0.104441 3.73%
ecomi
ECOMI (OMI) $ 0.001317 4.62%
terra-virtua-kolect
The Virtua Kolect (TVK) $ 0.035668 0.07%