Autor Cointelegraph By Judith BannermanQuist

NFT vending machine to make digital art more accessible at London event

NFT vending machine to make digital art more accessible at London event

Uverejnil používateľ | okt 27, 2022 |

Multichain nonfungible token (NFT) marketplace myNFT has announced it will showcase its first-ever physical NFT vending machine at this year’s NFT.London event scheduled for Nov. 2–4. The NFT platform hopes to provide an easy and accessible way for people who want to start buying and trading digital assets without needing deep knowledge of the Web3 industry. The vending machine will allow users to purchase an NFT without owning a digital wallet.Users who want to purchase an NFT through myNFT’s vending machine will need to select one of the envelopes on display, and then key in the code provided. After paying, they’ll be able to scan the QR code in the envelope, which will come with an invitation to set up a myNFT account, complete with an NFT wallet whee they’ll receive their NFT. Hugo Mcdonaugh, CEO of myNFT, said, “The most accessible way to buy anything is through a vending machine and so we’re breaking the perception that buying an NFT is difficult via this initiative.” Interested participants will be able to purchase an NFT from myNFT’s inaugural collection of donated NFTs, which features brands like Dr. Who Worlds Apart, Thunderbirds and Delft Blue Night Watch.The physical NFT vending machine will be located outside the NFT.London conference venue, at the Queen Elizabeth II Centre, Westminster, London. Related: This platform is transforming high-end property into NFTs Proceeds from the NFT vending machine will be donated to Giveth, a blockchain-based philanthropic community that funds public goods, services and education in developing nations, as well as Roald Dahl’s Marvellous Children’s Charity, which provides specialist nurses to seriously ill children.In February, Cointelegraph reported that Solana-based NFT marketplace Neon unveiled a 24/7 NFT vending machine in New York’s financial district that accepted both credit and debit card payments. However, a week after its launch, users reported that neither the NFT vending machine nor the NFT worked as promised.

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MakerDAO community votes to approve custody of $1.6B USDC with Coinbase

MakerDAO community votes to approve custody of $1.6B USDC with Coinbase

Uverejnil používateľ | okt 25, 2022 |

Institutional prime broker platform for crypto assets Coinbase Prime announced on Oct 24th that it had entered into a partnership with MakerDAO — the largest single holder of USDC — to become a custodian of $1.6 billion worth of the stablecoin.The MakerDAO community voted to approve this custodianship which will allow its community to earn a 1.5% reward on its USDC while holding funds with a leading institutional custodian.The program described the following yield schedule for the USDC onboarded by @MakerDAO:• 1% APY on the first 100 million USDC.• 0.1% more APY on each 100 million USDC thereafter.• Rewards are not to exceed 1.5% APY.3/— Maker (@MakerDAO) October 24, 2022According to Coinbase Prime, this move will not only accrue tangible benefits to the MakerDAO community but also exemplifies the platform’s efforts to grow the stablecoin ecosystem. Coinbase expressed certainty that stablecoins will play a key role in creating an open, more efficient, and more equitable financial system that bridges the gap between the crypto and fiat world. Jennifer Senhaji, in charge of Growth & Business Development at MakerDAO, said:“The additional monthly revenue generated through this deal enables Maker to further advance its overarching mission to create a global, trustless financial future built on decentralized rails.”Related: USDC adoption is lagging outside of the United States: Coinbase Coinbase has a long history of supporting MakerDAO, as it provided liquidity to the protocol and helped it with its initial listing of DAI. On Oct 14, Cointelegraph reported that MakerDAO’s revenue had plummeted in the third quarter of 2022, which was caused by a fall in loan demand and few liquidations, while expenses remained high. Twitter account holder Johnny_TVL, a Messari analyst and co-author of “The State of Maker Q3 2022,” shared in a series of tweets that MakerDAO saw its revenue plunge to just over $4 million in Q3, down 86% from the previous quarter.@MakerDAO third quarter was a painful one for the decentralized lender. Notables: – revs fell 86%, collateral ratio down to 1.1- G-UNI dominating, is this increasing liquidity and on-chain volumes for DAI? – wBTC reliance on whales/institutions- RWAs – Endgame1/n pic.twitter.com/OrJ7JvFSM3— Johnny_TVL (@john_tv_locke) October 13, 2022

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Filecoin launches Web3 data storage solution for carbon offsets

Filecoin launches Web3 data storage solution for carbon offsets

Uverejnil používateľ | okt 25, 2022 |

Filecoin Green, a Protocol Labs initiative designed to reduce the environmental impact of FIlecoin and make Filecoin verifiably sustainable, has spearheaded an initiative to power Web3 technology with verifiably clean energy. According to the announcement, the company is set to address the shortcomings of traditional carbon storage solutions by “marrying blockchain’s granular tracking functionality with the information-sharing infrastructure of Web3”. Filecoin Green launched CO2.Storage, a Web3 data storage solution, which intends to enable transparency for carbon offsets, address traditional storage solutions for all types of digital environmental assets, and renewable energy credits. As part of the initiative, Filecoin Green said it has partnered with several companies involved with tokenizing carbon offsets, such as Toucan, Thallo, Ripple, the HBAR Foundation, Envision Blockchain, Return Protocol, and Gainforest. The data storage solution will enable carbon credit providers to define their own data schemas and to store this data through content-addressing on Filecoin and Interplanetary File System (IPFS), thereby, creating a transparent system for carbon credits. Related: Filecoin service provider announces move to Singapore in light of tightening restrictions in ChinaThe subject of carbon emissions and carbon credits has become a prominent topic, as traditional organizations and governing bodies are beginning to look to blockchain technology as a viable path to reducing carbon emissions. In 2021, the United Nations Environment Programme and other governing bodies convened at the Middle East and North Africa Climate Week to examine blockchain’s potential for tackling climate change.On Aug 10, Cointelegraph reported that organizations in the crypto space are also looking to improve the ecosystem through blockchain-tracked donations to carbon removal projects, tokenized carbon credits, and carbon-neutral blockchains.A few blockchain companies are also taking a stand; in April 2022, Algorand announced that its blockchain was entirely carbon neutral, while in September 2022, Ethereum cut down its energy consumption by 99.9%, by transitioning to the energy-efficient proof of stake protocol.

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Volumes on crypto investment products drop to 2-year low: CoinShares

Volumes on crypto investment products drop to 2-year low: CoinShares

Uverejnil používateľ | okt 24, 2022 |

On Oct 24, European cryptocurrency investment firm CoinShares published its “Digital Asset Fund Flows Report,” which revealed that digital asset investment products saw $5 million worth of cumulative outflows last week in a continuation of what it calls an “apathetic period” that began in September 2022. Most notably, investment product volumes dropped to $758 million during the week, the lowest since October 2020 and far below the weekly average of $7 billion around this time last year when crypto markets were in an uptrend. The report reveals that Bitcoin (BTC) investment products saw minor inflows of $4.6 million, marking the sixth consecutive weekly gain, while short-Bitcoin investment products saw outflows of $7.1 million. Ether (ETH) investment products saw outflows for the third successive week totaling $2.5 million, bringing the total of outflows post-Merge to $11.5 million, just 0.2% of assets under management. XRP (XRP) saw inflows of $8 million. While that figure seems low, it’s reportedly close to the largest since the United States Securities and Exchange Commission’s lawsuit against Ripple began. Related: Institutional crypto adoption requires robust analytics for money launderingSo far this year, Bitcoin funds have seen a net worth of $296.2 million worth of inflows, while Ether funds have seen a net worth of $371.2 million in outflows. The figures suggest that investment managers are opting for the relative stability and longer track record of Bitcoin during the bear market. CoinShares’ data reveals that Sweden, Canada and the United States saw the most action, with outflows of $4.5 million, $1.9 million and $1.2 million, respectively; while Germany, Brazil and Switzerland all saw minor inflows.

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Polkadot co-founder Gavin Wood steps down as CEO of Parity

Polkadot co-founder Gavin Wood steps down as CEO of Parity

Uverejnil používateľ | okt 21, 2022 |

Gavin Wood, the co-founder of Polkadot, is stepping down as the CEO of blockchain infrastructure company Parity Technologies. Parity is the development company behind the Polkadot ecosystem. In a statement released on Oct 21, Wood shared that he never desired the CEO role. Although he could act as one for an interim period, it was not a position where he saw himself finding “eternal happiness.” Wood shared: “Anyone who has worked with me knows where my heart lies. I’m a thinker, coder, designer, and architect. Like many such people, I work best asynchronously.” He added:“A good CEO needs to be available to others on a far more continuous basis. They need to enjoy representing the company, both internally and externally. They need to not be bothered by large swathes of their time becoming eaten up in meetings and calls with a plethora of multicoulored boxes on their calendar.” In his statement, Wood announced that the co-founder of Parity, Björn Wagner, will replace him as the new CEO. Wood also shared that he will remain the company’s majority shareholder and will take on the title of chief architect. I’m happy to announce that Parity co-founder Björn Wagner will step up to the role of company CEO while I retain the title of Chief Architect. https://t.co/A85FeMGZGI— Gavin Wood (@gavofyork) October 21, 2022In his new role, Wood said he will contribute to making “Polkadot and Web3 more relevant to large swathes of the population.” He’ll begin this initiative by helping the community design and build several chain-integrated social primitives that he believes are essential to a true Web3 platform.Related: Polkadot hits all-time high in development activityParity was initially founded as EthCore in late 2015 by Wood, Aeron Buchanan, TJ Saw, Ken Kappler, and Jutta Steiner, with Björn Wagner joining the group as a co-founder a year later. The Polkadot ecosystem witnessed significant growth following its launch in 2020, causing many industry observers to view it as a potential smart contract competitor to Ethereum.

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