CoinQuest

2024-02-03 14:27:37 GameFi delivers Oasys Navi NFT gaming marketplace

GameFi forms an exclusive partnership with Oasys and jointly delivers its Oasys Navi NFT gaming marketplace. This is the latest project that has been unsheathed by the two entities. The project will be responsible for organizing prime gaming-oriented NFT launches.  GameFi, on its part, will be backing INO and IDO campaigns that exist on the Oasys blockchain, as well as other fresh NFT projects. In the case of the uninitiated, GameFi is basically a Web3 platform, while Oasys is a well-known and respected Japanese gaming blockchain.

According to the Head of Ecosystem Alliance at Oasys, Yas, they are looking forward to taking this partnership forward and making a difference to the overall Web3 gaming market as well as creating an atmosphere of all-inclusiveness where the whole gaming community is concerned. As a mark of commitment from their side, they have jointly come out with the Oasys Navi NFT marketplace.  

As a part of their next plan of action, the two companies, GameFi, together with Oasys, will be involved with the deliverance of a beta version of an NFT marketplace. There will be a game dashboard and a mainnet launch which is in the offing. Collectively, the two entities will be delivering INOs, and features like tournaments will also be in the picture in the very near future. Open / Comment

2024-02-02 18:04:25 Waterfall is the most decentralized BlockDAG protocol currently available

Key Features:

This decentralized platform has the potential to attract much more validators than other protocols.
Minimal hardware requirements: Dual-Core CPU, 4GB RAM (your cellphone has 2-4 times more than that).
High performance and scalability, thanks to parallelism in BlockDAG compared or even higher potentially that the most scalable currently popular protocols
Compatible with EVM and Ethereum API.

The team includes senior people who were successfully building the ecosystem for Ethereum and those who were successfully competing against it:

Ron Resnick is the CEO of the company-developer of Waterfall, is also a former Executive Director of Enterprise Ethereum Alliance and a former Investment Director of Intel Capital.

Jeff McDonald is the Director at the Board of Directors for Swiss Association, is also a Former Co-Founder of Nem, which used to be in Top-5 and for a short time in Top-3 right after Ethereum.

The Chairman of Board of Swiss Association is Richard Wang, who is also General Partner at Draper Dragon Fund.

R&D team has been rigorously testing technology since 2021.

More than 275 Workers(block producers) on the TestNet are owned by the developers and future users of Waterfall.

On the first day after the new TestNet announcement, 115 Workers connected and more than 450 000 transactions were processed.

On January the 2nd more than 650 000 transactions was successfully processed.

Find out more details in our communities:
https://t.me/waterfall_network
https://twitter.com/waterfall_dag
https://discord.gg/Nwb8aR2XvR Open / Comment

2024-02-01 15:31:03 Tired of the fuss around Bitcoin?

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2024-01-31 15:08:02 Ok x Introduces New Ordinals Marketplace Amid Bitcoin Inscription and BRC20 Buzz

On Tuesday, the crypto firm Okx announced the launch of a new Ordinals marketplace. The platform is accessible via the Okx Wallet and will enable users to mint and trade Ordinal inscriptions and BRC20 tokens. While the Ordinals marketplace is still in its early stages, users can take advantage of the ability to view and transfer Ordinal inscriptions using the multichain wallet.

Okx, the crypto firm, exchange, and Web3 company, has announced the Okx Wallet now provides seamless access to the groundbreaking Ordinal and BRC20 ecosystem.

Okx has always believed in the power of Bitcoin to revolutionize global markets and bring us closer to a truly decentralized system, Jason Lau, the chief innovation officer at Okx, said.

We are embracing Ordinals and BRC-20, despite early criticisms about their impact on transaction costs, because we see the potential of Bitcoin to expand its use cases into areas previously dominated by Ethereum-based applications, Lau added. Open / Comment

2024-01-29 14:33:02 The Rolling Stones one-of-one NFTs that aren’t NFTs

Instead of calling the limited edition NFTs, which accompany vintage, real-life photo slides, the companies handling the drop are calling them Digital Certificates of Authenticity, or DCOAs. The strategy follows recent trend to avoid using NFT terminology when launching a collection of digital collectibles targeting mainstream consumers.

The companies managing the drop, OneOf and Globe Entertainment, are using the term Digital Certificate of Authenticity, or DCOA. The trend of companies shying away from calling digital assets or tokens with utility NFTs in favor of more generic terminology like digital collectibles appears to be gaining momentum, especially when geared towards mainstream consumers.

A recent promotion for a Nicolas Cage vampire movie, Fox Entertainment using tokens as loyalty passes for fans of its show “Masked Singer,” and Reddit's avatars are all examples of NFTs being issued without using the term itself.

NFTs have come to carry a negative connotation for many as scandal and major price deterioration have plagued the digital-assets market, causing some people to sour on the once hot space. Open / Comment

2024-01-23 17:23:01 #Bitcoin ETF: BlackRock Triumphs With $260 Mln Inflow As Grayscale’s Total Outflows Exceeds $3 Bln

The BlackRock Bitcoin ETF recorded the highest inflow of $260 million on the seventh day of trading while Grayscale saw a massive outflow.

https://coingape.com/bitcoin-etf-blackrock-triumphs-with-260-mln-inflow-as-grayscales-total-outflows-exceeds-3-bln Open / Comment

2024-01-23 10:37:20 ​​Ripple exec expects more crypto acquisitions by TradFi in 2023.

Crypto acquisitions in 2023 will further strengthen the industry in the aftermath of casualties like the FTX collapse, a Ripple exec predicted.

The cryptocurrency industry will see increased consolidation in 2023 as healthier companies acquire more crypto and blockchain companies, according to a senior executive at Ripple.

Sendi Young, Ripple’s managing director for Europe, took to Twitter on Jan. 9 to share a set of industry predictions for 2023, expressing confidence about crypto in the near future.

According to Young’s forecast, the coming year will bring many acquisitions in the blockchain and crypto industry, which will help such companies and startups fill the gaps in their capabilities. The acquisitions will further strengthen the industry in the aftermath of casualties like the FTX collapse as well as other issues experienced by firms like Celcius, Voyager, Three Arrows Capital and others, the Ripple exec noted.

Young also predicted that cryptocurrency and blockchain firms will be increasingly acquired by traditional financial (TradFi) companies and other established companies in 2023.

Young’s predictions about the state of crypto acquisitions in 2023 come amid the increasing interest by traditional finance giants in buying subsidiaries of the now-defunct crypto exchange FTX. As many as 117 financial and strategic counterparties have expressed willingness to purchase one or more of FTX’s branches like FTX Japan, FTX Europe, LedgerX and Embed, according to a court filing from Jan. 8.

The cryptocurrency industry has seen some major acquisitions recently, with Mike Novogratz’s Galaxy Digital acquiring Argo Blockchain’s flagship mining facility Helios for $65 million in late December. According to Novogratz, the Helios mining deal was a transformative acquisition for Galaxy as the firm works to increase its exposure to the Bitcoin mining sector.

Among other predictions, Young also forecasted that 2023 will see greater adoption of fiat-backed stablecoins as institutions realize the benefits of blockchain for real-time merchant settlement. Open / Comment

2024-01-22 12:24:38 MAPay and its crypto subsidiary MPayz, a global healthcare technology firm with a focus on decentralized payment networks, unveiled its partnership with the Ministry of Public Health and Family Welfare in the Government of Maharashtra, India, to provide NFT technology that will store personal health data on the blockchain for the first time. Built on Algorand, the first deployment will introduce upwards of 100 million NFTs for this purpose.

MAPay will use its proprietary NFT technology to enable secure, decentralized storage. This application for NFTs will help eliminate intermediaries in the healthcare system that routinely cause bottlenecks, introduce risk, and drive up costs for all parties – including patients; public, private, and government health providers; insurance companies; and banks. See the full press release here:

https://rb.gy/jkecc3

Stay up to date on the project's launch date to get in before institutional money moves in. Click the link to join the telegram group!

https://link.mpayz.io/47a4 Open / Comment

2024-01-21 12:03:49 ​​South Korean Bank Shinhan Launches Nation’s First Corporate Crypto-Fiat Account

The South Korean commercial banking giant Shinhan has become the first bank in the nation to offer crypto account services to a corporate client.

ZDNet Korea reported that on April 7, the bank created a corporate fiat KRW account exclusively for cryptoasset transactions to the crypto exchange Korbit.

Shinhan’s Korbit connections are continuing to deepen. The bank is reportedly on the verge of finalizing a deal to buy some 20% of the crypto trading platform, South Korea’s first and one of its biggest. The bank also provides customer fiat on/off ramps for Korbit in the form of real-name banking services.

Under South Korean law, corporations were previously not allowed to make direct cryptoasset investments via banks, and were forced to buy and sell assets using overseas subsidiaries. However, a legal change late last year allowed banks to begin offering such services.

The Shinhan move will essentially allow Korbit to make crypto purchases in KRW using its account without the need to deal with cross-border workarounds.

But the move will likely have more significance for companies outside the crypto sphere. Like Tesla in the United States, South Korean firms are thought to be keen to add cryptoassets to their balance sheets. But without specialized banking services that facilitate KRW-crypto purchases, experts told the media outlet, they have been very reluctant to do so.

An unnamed industry insider said the move would likely “result in an increase in liquidity.” Open / Comment

2024-01-20 15:58:12 ​ Polygon to help fight NFT scams with Web3 infra protocol partnership.

Polygon partners with Wakweli, a Web3 infrastructure protocol that issues certificates of authenticity for NFTs to certify originality.

Wakweli, a Web3 infrastructure protocol that issues certificates of authenticity for nonfungible tokens (NFT), has officially partnered with layer-2 scaling platform Polygon to make NFT authentication possible.

The partnership between Polygon and Wakweli means all digital assets on Polygon will be compatible with Wakweli’s certification system. According to the announcement, every NFT project holder on the Polygon chain can request authenticity certificates for each asset. The collaboration generally aims to enhance the security of the digital ecosystem.

In response to the cost of the certificate authentication for users, Antoine Sarraute, co-founder of Wakweli, told Cointelegraph that staking WAKU — Wakweli’s utility token — is necessary to create a certificate request. The amount to stake in a request is dependent on and linked to the level of trust needed for each case.

The partnership agreement negotiations between the two companies began in August 2022, with the final details of the agreement concluded this March.

Wakweli’s testnet will be available in April and can be used with Polygon’s Mumbai testnet. Alpha testing with Polygon’s mainnet will begin in Q2 2023, with general mainnet compatibility is expected to be ready by Q3 2023.

By providing a medium for detecting counterfeit NFTs, the partnership between the two companies has unlocked a definitive way to fight these scam attempts, thereby creating more trust in the thriving ecosystem, Sarraute explained.

The Wakweli platform and application programming interface will offer developers access to advanced use case scenarios, including automatically generating certification requests when minting or accessing more detailed certification information. Open / Comment