Autor Cointelegraph By Ornella Hernandez

The Sandbox partners with World of Women to drive female education and mentorship

The Sandbox partners with World of Women to drive female education and mentorship

Uverejnil používateľ | mar 8, 2022 |

The Sandbox (SAND) metaverse announced its partnership with nonfungible token (NFT) community World of Women, or WoW, to launch the WoW Foundation. A $25 million grant from The Sandbox will help fund the foundation over the next five years. The mission of the WoW foundation is to amplify female representation in the NFT and metaverse spaces.  As a collection of “diverse and powerful” women sold on the Ethereum blockchain, World of Women shared with Cointelegraph that they aim to lower the barrier to entry for women in Web3.”Our mission is to highlight and lift up as many female and underserved creators as possible, making the metaverse not just a landscape designed by men but rather one enriched with as much diversity of thought as possible.”This mission has four main pillars: uplift the ecosystem by supporting artists and funding projects; educate newcomers; give more visibility to women-centric causes and give back to charities. Via The Sandbox’s grant, it also plans to support creators’ journeys in Web3, from mentoring and funding their first mint to their first sale.World of Women and The Sandbox intend to work together to create a series of interactive experiences via the WoW Foundation within the metaverse. Among these projects are the WoW Museum on a 2×2 Sandbox LAND, the WoW University, which provides free online lessons on how to get started with Web3, and The WoW Academy, which will serve as a mentoring and funding incubator. Recently, The Sandbox acquired the most expensive WoW NFT at the time of purchase for 200 ETH, named Aurora, and made her the new “goddess” of The Sandbox. Yam Karkai, co-founder and artist of World of Women, revealed that WoW will be voxelizing all 10,000 NFTs “so that our entire community can join us” in the metaverse. These interoperable avatars will be accessible within The Sandbox’s “Alpha, Season 2. Say Hi to Aurora (@worldofwomennft #6025), our new queen of @TheSandboxGame metaverse pic.twitter.com/kBlNSxfG5F— Sebastien (@borgetsebastien) March 3, 2022Related: The Sandbox metaverse hits 2M users, begins K-pop partnershipAdditionally, WoW may be gearing up for film, TV and music opportunities, thanks to tech investor Guy Oseary who recently added World of Women to his NFT portfolio. WoW NFT holders have complete ownership and intellectual property rights over their assets, similar to the Bored Ape Yacht Club model.Both The Sandbox and World of Women currently rank within the top 20 collections of all time in terms of trading volume on OpenSea. At the time of publication, WoW had traded 55,300 ETH, or $142.7 million, while The SandBox traded a volume of 156,200 ETH, or $403.2 million.

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Adobe's Behance adds support for Solana NFTs

Adobe's Behance adds support for Solana NFTs

Uverejnil používateľ | mar 7, 2022 |

Behance, the creative showcase platform owned by Adobe, announced on Monday that users can now connect their Phantom wallet to their Behance accounts and showcase Solana (SOL) nonfungible tokens (NFTs) on their profiles. Phantom is a Solana wallet built for decentralized finance, or DeFi, applications as well as for NFTs. QuickNode, a Miami-based Web3 infrastructure platform, helped build out this feature with Adobe on Solana. Behance creators can already display their NFTs minted on the Ethereum (ETH) blockchain within their profiles. William Allen, the Adobe vice president leading Behance, explained on Twitter that many of Behance’s users, however, may no longer want to associate with Ethereum due to concerns over its high energy usage and gas costs.Allen tweeted that Solana is a proof-of-stake chain that addresses these concerns, pointing out that a single transaction on Solana “uses as much energy as a Google search and costs a fraction of a penny.”Starting today, you can connect your @phantom wallet and showcase the #SolanaNFTs you created on your @Behance profile. (2/8)— williamallen.sol (@williamallen) March 7, 2022Phantom echoed the sentiment, tweeting that this integration is “huge” for the Solana creator economy because it allows artists “an eco-friendly and low-cost way to experiment with NFTs.”Behance first enabled its artists to connect their crypto wallet and NFTs to their Behance profile in October 2021. At that time, Adobe also partnered with Rarible, OpenSea, KnownOrigin and SuperRare NFT marketplaces as part of the company’s “Content Authenticity Initiative” to protect digital creators by displaying provenance data. Allen added on Twitter that Solana addresses will be added to the Content Credentials tool in Photoshop to combat NFT artwork getting stolen and ensure that proper credit is given.Related: What is Solana, and how does it work?QuickNode permits Adobe to rent access to the Solana blockchain, as opposed to building and maintaining its own node. According to the QuickNode website, the company is the top Solana node service provider and it powers more than 50% of the Solana ecosystem. 

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Immutable raises $200M to invest in blockchain gaming, bringing valuation to $2.5B

Immutable raises $200M to invest in blockchain gaming, bringing valuation to $2.5B

Uverejnil používateľ | mar 7, 2022 |

Australian NFT trading platform Immutable announced a $200 million Series C funding round led primarily by Singaporean state-owned investment firm Temasek and with participation from Animoca Brands and Tencent. Additional investment from ParaFi Capital, Princeville Capital and Arrington Capital as well as from existing backers King River Capital, Prosus Ventures, AirTree Ventures, Declaration Partners and others have raised Immutable’s valuation to $2.5 billion.  The company intends to put this capital toward developing its Immutable X layer-2 scaling solution for nonfungible tokens (NFTs) on the Ethereum network and scaling Immutable Gaming Studio, which includes its flagship Gods Unchained and Guild of Guardians video games. Immutable X uses StarkWare’s StarkEx zero-knowledge proof technology to achieve scalability on Ethereum while providing game developers with zero gas fees and a carbon-neutral environment.Robbie Ferguson, Immutable’s co-founder and president, tweeted that the future of gaming is dependent on NFT economies and that Immutable wants to pioneer NFT adoption.1/ Thrilled to announce @Immutable’s next chapter alongside @temasek. NFTs are eating the world. Gaming will be the trojan horse that means your family can trade and own digital property, without them even knowing. https://t.co/A1q9AUJfXJ— Robbie Ferguson (@0xferg) March 7, 2022Related: Monthly NFT buyers dip below 800K as searches ‘fall off a cliff’Ferguson added that the digital future will need open order books as opposed to siloed liquidity, and “genuine” decentralization on Ethereum as well as consumer-focused NFT projects.According to the company, part of Immutable’s plans for “rapid global expansion” include onboarding four new executives: Justin Hulog, former Riot Games general manager, as chief studio officer; Gill Findlay, AirTree ventures partner, as chief operating officer; John Boris, former CEO of IfOnly, as chief growth officer; and Katherine Rau as chief people officer. Immutable also plans to grow its 165-person team by adding 200 new employees globally this year. Related: Immutable X (IMX) price soars after GameStop partnership and new project launchesRecently, Immutable partnered with GameStop to develop the game retailer’s upcoming NFT marketplace as well as sponsor game creators via a $100 million grant program. Other companies currently building on Immutable X include TikTok, OpenSea, Ember Sword, GreenPark Sports and Gary Vee’s Vee Friends.Immutable is one of several blockchain and crypto-focused companies to have achieved “unicorn” status over the past year. In the startup community, a unicorn is a company that achieves a valuation of $1 billion or more.

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Cryptopedia: Learn the basics of DAOs and how they work

Cryptopedia: Learn the basics of DAOs and how they work

Uverejnil používateľ | mar 7, 2022 |

In the latest Cryptopedia episode, viewers can get a succinct and informative overview of decentralized autonomous organizations, or DAOs. Cointelegraph’s Jackson DuMont believes DAOs have the power to “completely transform how work and social collaboration are organized.”[embedded content]What makes this type of organization both decentralized and autonomous? The answer is smart contracts on the blockchain. Fundamentally, a DAO runs on the lines of computer code written on smart contracts that anyone can interacted with in the same way.DuMont described the three major steps necessary to launch a DAO. The first step is creating that smart contract. The second step is to determine how to receive funding and enact governance, usually done by creating a token. Lastly, the DAO is deployed on the blockchain.The most popular use case of a DAO is crowdfunding. The money pooled together is put into a smart contract that, in return, issues tokens to DAO members. Tokenholders, who own equity in the DAO, can then vote on how spend the money and vote to appoint delegates. In the case of ConstitutionDAO, members raised just over $49 million to buy an original copy of the U.S. Constitution but were outbid at auction. Another example is Blockbuster DAO, which aims to raise enough money to buy the video rental brand from Dish Network and turn it into a streaming film studio.DAOs intend to reduce the risk of poor leadership through horizontal leadership, or flat hierarchies that level out the playing field of power. The reach is infinite and no matter where a member is located, everyone is bound by the same rules of the smart contract. Trust is placed in code rather than people. Related: $53 million raised for Assange showed the power of DAOsOf course, there remain risks and concerns over legality and security. One notable example of a DAO gone wrong is The DAO, which was hacked for $50 million in 2016. A recent report claims to reveal the identity of the alleged hacker. 

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1inch Network adds a P2P feature to facilitate secure crypto swaps

1inch Network adds a P2P feature to facilitate secure crypto swaps

Uverejnil používateľ | mar 3, 2022 |

The decentralized exchange aggregator 1inch Network introduced peer-to-peer, or P2P, order functionality within the 1inch decentralized application, or DApp. This feature allows users to specify the person or wallet that will fill the other side of the trade, as opposed to over-the-counter or OTC payments where 1inch matches the order with a taker. 1/ It’s time to broaden the scope of DeFi services available to our users!#1inch is happy to introduce a #P2P feature, which facilitates ️ secure #crypto swaps between individual users.Read more ⤵️https://t.co/CoH2YhvC69— 1inch Network (@1inch) March 3, 2022According to the company website, this “opens the door to a whole new world” of possible use cases, including transactions within NFT marketplaces, auctions or reverse auctions. Although other services like Binance Pay or Bybit support P2P payments, the company said that they have “stepped in to fill the gap” in demand for this kind of service.1inch claimed that their P2P service offers trustless swaps backed by smart contracts and complete decentralization. Users can send orders via email or to any messenger using URLs that bypass 1inch’s backend. Within the Twitter thread, the company specified that participants are able to set the swap amount to the current market rate or to reduce and increase the rate by 5% intervals. Expiration dates can also be set to anytime between 10 minutes and 7 days.The most common use cases for P2P orders include situations when liquidity for a certain token is not sufficient for a large OTC deal or in the case of tokens in the presale stage. The P2P feature is built on top of the 1inch Limit Order Protocol and is available on the following chains: Ethereum, BNB Chain, Polygon, Avalanche, Optimistic Ethereum, Arbitrum and Gnosis Chain.Related: P2P payments spurred crypto adoption across Venezuela in 2021Recently, Cointelegraph interviewed Anton Bukov, the co-founder of 1inch Network, who said that he believes that Ethereum will likely become the main settlement layer for a multi-chain ecosystem.

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