Blockchain

Xiaomi Files Patent to Develop Blockchain Virtual Characters
Xiaomi Files Patent to Develop Blockchain Virtual Characters

Tech giant Xiaomi files a patent related to blockchain technology. The patent allows the creation of unique and non-replicable virtual characters. Some suggest that these virtual characters will be the main attraction in a metaverse world that Xiaomi will create. Xiaomi, a China-based tech and phone company, will launch a new patent that applies blockchain technology for the development of its own virtual characters.  The company has just recently revealed the patent, even though it was introduced in January 2022 in China. The patent was titled “Virtual Character Processing Method, Device and Storage Medium.”  Xiaomi is a Chinese company that

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Dubai-Launches-Metaverse-Strategy,-Opens-Over-40K-Virtual-Jobs
Dubai Launches Metaverse Strategy, Opens Over 40K Virtual Jobs

Sheikh Hamdan, Crown Prince of Dubai, announces Dubai’s Metaverse Strategy. This will create a foundation for over 1,000 companies to operate in the metaverse. It will also open the city up to over 40,000 virtual jobs. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, the Crown Prince of Dubai announced Dubai’s official Metaverse Strategy today. Dubai has taken the blockchain and crypto space to a whole new level in the UAE, it seems fitting that the metaverse is next on its vision board.  In detail, the Dubai Metaverse Strategy aims to create a foundation for over 1,000 companies to operate

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ConsenSys-Partners-With-Oasys-for-Blockchain-Gaming
ConsenSys Partners With Oasys for Blockchain Gaming

ConsenSys has partnered with blockchain network Oasys. The partnership will focus on providing infrastructure support for blockchain gaming. Yield Guild Games (YGG) is also taking an active role in the partnership’s success. ConsenSys has revealed its partnership with Oasys, a blockchain network created specifically for gaming. The collaboration seeks to “build better network infrastructure” for blockchain gaming. Oasys detailed the scope of the partnership in a Medium post. For instance, ConsenSys will offer infrastructure support to the Oasys network through a number of services including MetaMask. On the other hand, ConsenSys can benefit from the collaboration due to the potential

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Cardano CEO Pays Tribute, Shares Vasil Dabov’s Philosophy
Cardano CEO Pays Tribute, Shares Vasil Dabov’s Philosophy

Cardano’s CEO, Charles Hoskinson pays homage to Vasil Dabov.  He does so via a live video on Twitter where he talks about the philosophy of Cardano.  Vasil Dabov will forever be immortalised on Cardano and its philosophy. CEO of Cardano (ADA) — Charles Hoskinson, takes a moment to address the loss of a mentor in the Cardano community. Vasil Dabov was a believer of Cardano and the philosophy of the blockchain.  To highlight, Hoskinson says that he met Dabov during multiple Cardano events since its inception. As he got to know Vasil, he learnt of his philosophy and how he

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Elon Musk May Visit Dubai as Speaker for Blockchain Summit
Elon Musk May Visit Dubai as Speaker for Blockchain Summit

Elon Musk has been invited to become a guest of honor at the Future Innovation Summit 2022 in Dubai. The two-day summit has secured the partnership of industry giants like Google, NASA, Microsoft, etc. However, it is not clear whether Musk has accepted the invitation or not. Tesla CEO Elon Musk may visit Dubai, UAE this May as he may become a Guest of Honor at the Future Innovation Summit 2022. The conference will happen from May 11 to 12 at the Meydan Hotel in Dubai. According to the official conference website, Musk has been invited to join the two-day

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Telegram Now Allows Users to Send Crypto via Its App
Telegram Now Allows Users to Send Crypto via Its App

The Open Network (TON) allows Telegram users to send Toncoin via chats. There’s no transactions fee for sending Toncoin through Telegram messaging app  Telegram claims that this new feature is easier and faster than sending Toncoin on other platforms. TON launched a “wallet” bot which grants more than 550 million of Telegram users to send and receive Toncoins without transaction fees. In addition, users “no longer need to enter long wallet addresses and wait for confirmations.” According to The Open Network, Telegram users who would like to send Toncoin via the new wallet bot will have to install the latest

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Former Google CEO Starts Investing in Crypto
Former Google CEO Starts Investing in Crypto

Former Google CEO Eric Schmidt said he invested “a little bit” of money into crypto. Schmidt hasn’t revealed the name of any coins he invested in. He pointed out that Web3 economics are ‘interesting’ and it will work soon. Former Google CEO and Chairman Eric Schmidt discussed investing in cryptocurrency and Web3 in an interview last Thursday. According to an interview with CNBC, Schmidt disclosed that he invested “a little bit” of money into cryptocurrency. Yet, he emphasized that Web3 is the most interesting part of blockchain. The 67-year-old served for 10 years as the CEO of Google, from 2001

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Gala Games and Endless AI Launched ‘Living’ Fuzzles NFTs
Gala Games, Endless AI Launch ‘Living’ Fuzzles NFTs

Gala Games announced a partnership with Endless AI to launch first-of-its-kind ‘living’ Fuzzles NFTs. Fuzzles is equipped with Language Processing AI that enables owners to speak with their collection. Owning the NFT will provide access to special community events, earn rewards, and unlock in-app gameplay in the future. Gala Games, creator of blockchain games, has partnered with Endless AI to launch Fuzzle — a first-of-its-kind “living” NFT. The company aims to revolutionize AI and blockchain gaming via an innovative collective entertainment experience. Endless AI is a tech-driven company that creates products that fuse AI-enabled interactivity and blockchain technology for the

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Pantera Capital CEO: Huge Blockchain Rally Incoming
Pantera Capital CEO: Huge Blockchain Rally Incoming

CEO of Pantera Capital Dan Morehead predicts a “massive rally as investors flee stock, bond, and real estate markets” for crypto. Morehead said BTC price swings will become moderate as the market becomes larger. However, the CEO said BTC “won’t see the 100x rallies anymore either.” The chief of a major American hedge fund thinks that Bitcoin (BTC) won’t be seeing a massive bear or bull market from now on. This means that the largest cryptocurrency’s movement will be less volatile moving forward. Pantera Capital CEO Dan Morehead shared his views about the major Bitcoin price cycles in a blog

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Axie Infinity Records Largest DeFi Hack of $600M
Axie Infinity Records Largest DeFi Hack of $600M

Ronin has suffered a hack of 173,600 Ethereum and 25.5M USDC. As of today, users are unable to transact with Ronin bridge and Katana Dex. The team assured that no user’s funds were lost and their tokens are now safe in Ronin. Sky Mavis’ Axie Infinity, a popular NFT blockchain game, was the newest victim of a crypto hack. The hackers managed to steal around $625 million worth of Ethereum and USDC cryptocurrencies, making it the largest decentralized finance (DeFi) hack of all time. According to Ronin’s News blog, Ronin Network’s security has been breached. The hack amounted to around

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BNY Mellon: Blockchain to Soak $120T From Capital Markets
BNY Mellon: Blockchain to Soak $120T From Capital Markets

BNY Mellon’s Michael Demissie said that more than $120 trillion from the capital markets will move to blockchain. Demissie is the Head of Digital Assets Unit and Advanced Solutions Group of BNY Mellon. Last month, BNY Mellon revealed that it will begin offering crypto custody soon. Michael Demissie of BNY Mellon made bold predictions about the blockchain industry, claiming that over $120 trillion from the capital markets will “be moved to a blockchain” in a span of 10 years. Demissie, Head of Digital Assets Unit and Advanced Solutions Group of BNY Mellon, said his declaration during the Forbes Digital Assets

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Cosmos Rebrands To Ignite Amid Massive Web3 Boom
Cosmos Rebrands To Ignite Amid Massive Web3 Boom

The Cosmos blockchain is rebranding to Ignite. This is a move for the brand to position itself as a leader amid the growth of Web3. Ignite has many new announcements to make this year and is excited to do so in time. The popular blockchain network Cormos, created by Tendermint, is rebranding itself. Henceforth, it will go by its new name — Ignite. Specifically, the brand aims to set itself in a position to be one of the first to enter Web3 during its mass adoption.  Besides the incredible advancements coming within decentralized services for Web3, the presence of the

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