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Home De-Fi Venom Blockchain: A Scalable and Secure Solution for the Future of Decentralized Finance

Venom Foundation is a blockchain-related firm that has received licensing from the Abu Dhabi Global Market. As a decentralized network, Venom operates under the jurisdiction of the ADGM and has the ability to issue utility tokens.

Venom Foundation is licensed to operate a blockchain by the ADGM which is compliant with international law and regulations, a financial center in Abu Dhabi, United Arab Emirates that operates as an international financial hub.

This blockchain is compliant with regulations, making it an attractive option for investors and financial services firms. Several companies have developed decentralized applications and protocols on the Venom blockchain, and it has the potential to become a bridge for the adoption of central bank digital currencies in the Middle East, North Africa, and globally.

According to the Venom Foundation, their mission is to promote the widespread adoption of blockchain technology. They offer innovative technologies and frameworks that adhere to the rule of law and create a secure environment for a broad range of users, from retail customers to institutions and sovereign nations.

Venom uses a Proof of Stake consensus type, with an initial implementation using a BFT-based consensus protocol with four phases for reaching consensus. The protocol assumes that at least of all network validators are honest, and a collusion of more than of validators can result in a network halt or corruption.

The Byzantine Fault Tolerance (BFT) consensus algorithm is designed to enable a distributed network to reach consensus even when some of the nodes in the network fail to respond or respond with incorrect information.

The Byzantine Generals Problem is the fundamental problem that BFT addresses, which is about how to ensure consensus among a group of nodes in the network when some of them are faulty or malicious. BFT is derived from this problem and aims to reduce the influence of faulty nodes by employing collective decision-making by both correct and faulty nodes.

Overall, Venom is a powerful blockchain platform that offers several advantages and features that make it an attractive choice for businesses and developers.

Venoms architecture is designed to be asynchronous, with a dynamic sharding and a heterogeneous multi-blockchain platform. The platform utilizes a masterchain/workchain architecture to address horizontal scalability issues.

Venom employs the Threaded Virtual Machine (TVM) to execute smart contract code, chosen for its compact code and simpler security model. To encourage widespread adoption by developers, Venom supports high-level programming languages familiar to them for writing TVM programs.

The Threaded Virtual Machine (TVM) is a virtual machine used to execute smart contract code in the Venom blockchain. It is a Turing complete machine that can execute machine-level instructions asynchronously, allowing for concurrent processing of multiple smart contracts. TVM is utilized in various blockchain platforms, including Everscale, Venom, GOSH, and TON.

Accounts on the blockchain are considered actors in TVM, and each account can only affect the state of another account by sending a message. TVM utilizes the Actor model to handle interactions between accounts, which is different from how EVM-based networks operate. TVM is a stacking virtual machine that operates data in a stack, making it more suitable to execute code written in high-level languages. It provides a highly efficient and scalable way to handle account interactions in the Venom Blockchain.

Apache TVM is an open-source machine learning compiler framework that enables machine learning engineers to optimize and run computations efficiently on any hardware backend. The Relay virtual machine is a framework that provides a dynamic execution environment that can be extended, instrumented, and integrated with other approaches like ahead-of-time compilation via a flexible extension mechanism. Serialization of an executable generated by the Relay VM compiler is a must as we may want to save the model to disk and perform inference later.

In Venoms architecture, the masterchain serves as the hub of the network, collecting block proofs from various workchains and finalizing them. It validates all transactions and prevents fraudulent activities, while storing data on the networks state, including account balances, smart contracts, and other metadata.

The masterchain is an essential component of the Venom blockchain. It acts as a layer-0 chain that facilitates communication and coordination between workchains, shardchains, and accounts. This chain is responsible for maintaining network configuration, message routing, and validator information. Additionally, it stores and distributes the latest block hashes of corresponding shardchains and the current shard configuration. The masterchain is crucial to the security of the Venom blockchain, and its validators are incentivized to act honestly and secure the network by staking their tokens. Only a limited number of validators with the largest stakes are responsible for generating new masterchain blocks, ensuring the networks integrity.

Workchains are blockchain-based platforms developed by Venom, serving as the backbone for the network. They can support different types of decentralized applications (dApps) and smart contracts. The workchain architecture tackles the scalability problem of regular blockchains.

It is secured by a set of global validators and is connected to the masterchain, which provides an additional layer of security. Workchains can be tailored to fit the specific needs of the application it hosts, providing greater flexibility for developers. This can lead to better performance, faster transaction processing, and improved network efficiency.

The Venom blockchain comprises two distinct networks the Masterchain and the Basechain. The Basechain is the first layer-1 workchain for end-users, supporting dApps and executing smart contracts.

Shardchains, like processor cores, execute computations using their own private memory space, improving network performance by parallelizing computations between groups of validators. The Venom network starts with a single shardchain for all smart contract addresses. If transaction volume increases, the shardchain splits in two, and if transaction volume decreases, the shardchain merges back together.

These are individual partitions within the blockchain that hold information on a specific subset of accounts. The initial setup includes a single shardchain responsible for processing all transactions. However, if this shardchain becomes overloaded, it will automatically split into two new ones, ensuring that the workload is evenly distributed. This process continues until the transactions are efficiently processed by an appropriate number of shardchains, making it a fast and cost-effective solution.

Overall, Venoms asynchronous architecture is designed to address scalability issues and improve network performance, making it a promising platform for decentralized applications and smart contracts.

The Venom ecosystem is a hub of various tools and services designed to provide users with a seamless user experience and promote the adoption of the technology. Here are some of the base components of the Venom ecosystem:

Each of these products was created by independent teams participating in the Developer Program, showcasing the potential for developing solutions on the Venom blockchain. This open development model allows for innovation and creativity from the community, which ultimately strengthens the ecosystem.

Overall, the Venom ecosystem provides a robust and comprehensive suite of tools and services designed to support the adoption and growth of the technology. It offers a range of features and use cases, making it a versatile and valuable addition to the blockchain landscape.

The Venom Foundation aims to provide a solution for scaling blockchain networks in real time by offering horizontal and vertical scalability options.

Venom Blockchain is a blockchain protocol that, like many others, aims to tackle scalability challenges. To address this, there are two different approaches: horizontal scalability and vertical scalability.

Horizontal scalability involves increasing the number of nodes in a network to improve its capacity to process more transactions. Venom achieves this through a process called sharding, which partitions the network into smaller segments called shards that can process transactions in parallel.

Venom uses dynamic sharding to adjust the number of shards based on network demand, ensuring that the platform can handle large transaction volumes without compromising security or decentralization. This approach allows Venom to process up to 1 million transactions per second.

Vertical scalability, on the other hand, involves increasing the capacity of individual nodes in a network to process more transactions. This approach involves upgrading the hardware or software components of a node to improve its processing power. While vertical scalability can increase the performance of a single node, it has limitations in terms of how much it can improve the overall networks capacity.

However, there are several other challenges that need to be addressed, such as reliability and stability, the number of transactions that can be processed per second, cost per transaction, inability to silo user behavior, and security flaws.

To overcome these challenges, Venom Blockchain has adopted a heterogeneous multi-blockchain architectural approach to its blockchain design. This approach reduces transaction fees and solves the scalability challenge.

Venom Blockchains architecture comprises three layers that support parallel transaction processing, which allows it to process as many as 100,000 to 1M transactions per second (TPS). In addition, the network uses a hybrid consensus protocol that combines proof-of-stake (PoS) and Byzantine fault tolerance (BFT) algorithms to ensure fast finality.

Despite the challenges facing various blockchain networks, Venom Blockchain has a competitive advantage over other technologies in the industry due to its exceptional features, including scalability, security, regulation, adoption, and interoperability.

CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com

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Venom Blockchain: A Scalable and Secure Solution for the Future of ... - Captain Altcoin

Blockchain technology has undeniably captured the imagination of the tech world and beyond, offering the promise of decentralized, transparent, and tamper-proof systems. From its inception with Bitcoin to the development of smart contracts, non-fungible tokens, and decentralized finance, blockchain has been hailed as a groundbreaking innovation with potential applications in numerous industries. But along with blockchains advantages come some significant challenges and to reach its full potential as a game-changing technology, these issues will need to be overcome. Lets take a look at some of the most pressing problems facing blockchain today.Blockchain networks can be slow and inefficient due to the high computational requirements needed to validate transactions. As the number of users, transactions, and applications increases, the ability of blockchain networks to process and validate them in a timely way becomes strained. This makes blockchain networks difficult to use in applications that require fast transaction processing speeds.Traditional blockchains like Bitcoin and Ethereum rely on consensus algorithms like proof-of-work and proof-of-stake, which can be slow and resource-intensive. As a result, these networks face limitations in transaction throughput, often leading to congestion and high transaction fees.

Full analysis : The 5 Biggest Problems With Blockchain Technology Everyone Must Know About.

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The 5 Biggest Problems With Blockchain Technology Everyone Must ... - OODA Loop

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One of the problems with having custody of your own crypto is how difficult it is for everyday users to navigate the technology. A simple mistake can mean there is no way to recover your digital assets. For example, if you lose the keys (a series of alphanumeric characters) to your crypto account, you could lose access to your crypto forever. Traditional crypto wallets dont have set mechanisms in place that could let you recover your account if you do lose access to it, unlike what happens with bank accounts in traditional banking.

Humans are bound to make mistakes, and blockchain developers recognize that simple mishaps are inevitable. In order to make crypto more user-friendly, crypto needs fail-safe mechanisms for owning crypto.

(Starknet)

Read profiles of all of the Projects to Watch 2023: Reclaiming Purpose in Crypto

StarkWare, an Israel-based software company that wants to enhance scalability, privacy and security issues on the Ethereum blockchain, is one of the first projects to embrace account abstraction (AA).

Account abstraction aims to combine user accounts and smart contracts into a single type of account, allowing for security mechanisms such as social recovery and multisignatures. With AA, users wont need to use their private keys to sign off on every transaction.

StarkNet is a layer 2, or companion blockchain, to Ethereum created by StarkWare. It is one of the first projects to go full steam ahead with AA, and one of the first blockchains to natively integrate it.

Its founders, Eli Ben-Sasson and Uri Kolodny, more casually known as the Ernie and Bert of blockchain (its still up for debate who is who), have known each other since they were both 18 years old. Ben-Sasson, a computer science professor at Technion, has been involved longer in the blockchain space as co-founder of Zcash, the privacy crypto on the Bitcoin blockchain.

Story continues

Ben-Sasson and Kolodny decided to tackle the challenges of scaling and privacy on the Ethereum blockchain together, founding StarkWare in 2018.

One of StarkWares projects is its blockchain, StarkNet, which is a validity rollup that scales Ethereum. Rollups execute transactions off-chain and then send the transaction data back on-chain to verify them.

StarkNet is unusual because AA is natively integrated into the protocol. Unlike Ethereum, where AA, also known as ERC-4337, is an additional layer on top of Ethereum, users of StarkNet can natively use AA without having to reprogram their wallets into smart contracts.

But in order to understand what AA does, it is important to understand the different types of accounts on Ethereum and how they solve problems.

There are two types of accounts on Ethereum: external owned accounts (EOA) and contract accounts (CA), and they differ in terms of how they perform transactions over Ethereum.

EOAs are the most popular type of account on Ethereum (like a MetaMask wallet), where users are given a pair of keys: a public and a private key. Users send funds to an EOA using their public keys. But only the accounts owner (the user that has the private keys information) can actually initiate transactions from that account.

CAs, better known as smart contracts, are accounts that are controlled by code not private keys. Therefore, they cannot initiate transactions themselves. An EOA needs to send a transaction (which acts like a coded instruction) to a CA in order for it to execute transactions.

If you lose a private key to an EOA account, youre out of luck, because there is no way to regain access to your account (theres no help desk or password reset button). Therefore, you lose access to your funds.

Account abstraction addresses the shortcomings of EOAs by merging the two types, therefore allowing users to have built-in fail-safe mechanisms and other special features for verifying transactions.

Under AA, user accounts can program social recovery systems into their wallets where several people each with a key of their own have the ability to access that account should the owner lose their private key. Then theres also the option of creating multisig wallets, which requires multiple people to sign off on transactions as an extra layer of security.

So whats the difference between account abstraction on Ethereum versus StarkNet? On StarkNet, AA is natively integrated in wallets and applications on the blockchain. On Ethereum, theres still extra work that needs to be taken by providers and wallets in order for AA to be integrated with wallets.

The legacy that exists on Ethereum is a very limiting factor in this regard, meaning even if you do introduce AA, anyone developing an application has to take into account a very significant installed base of EOA accounts, said Kolodny. On StarkNet, we start from a clean slate, all you have are these smart wallets. That's the only sort of interaction that users have with the network.

So what can be done with account abstraction on StarkNet?

Security checks for authorizing transactions that already exist in the Web2 sphere, such as facial ID or fingerprint login, are already available on StarkNet. This is literally already working on applications on StarkNet, said Ben-Sasson. This immediacy of having the security and the [user experience] of whichever security means you're using on a day-to-day basis, you get it at the core protocol level already today on StarkNet.

Another use case that is natively available on StarkNet is what Ben-Sasson calls the deadman switch. Thanks to AAn on StarkNet, users can have features and coded logic built in that can transfer financial assets to others (that are pre-approved) in the event something happens. If I just get run by a bus, then I can have the funds transferred automatically to some other address, said Ben-Sasson. In a real world example, this would mimic that of a will and the transferring of traditional assets which would be costly because lawyers and procedures are involved. This switch skips the middleman and transfers digital assets in the event that something major happens, which can be programmed through code.

Lastly, multisig features, where multiple users can sign off on transactions as an extra layer of security are already available on StarkNet.

The biggest hurdle with account abstraction is its not widespread yet. Ben-Sasson and Kolodny agreed there needs to be some education for users on how this feature works in order for it to take off and for crypto to become more mainstream. Until then, several projects have started to signal their interest in AA and using StarkNet for those use cases.

Kolodny shared that gaming applications have turned to StarkNet to build their apps with AA because other chains' high gas costs have made it hard for any developer to build what they need on-chain. People for the first time actually are able to build the games that they wanted to build, Kolodny said.

Payment processor Visa told CoinDesk of a system in development using StarkNet, describing it in a thought-leadership proposal published in December. Visa detailed a novel solution for how StarkNet could be used to automate crypto transactions payments for bills. With StarkNets account model, we were able to implement our delegable accounts solution thus enabling auto payments for self-custodial wallets, the Visa researchers wrote.

But for now, getting developers to build on StarkNet and warming them up to these concepts [such as account abstraction] and getting them to creatively think about what this can do, is going to take a bit of time and effort and education, Kolodny said.

Read more: Ethereum Upgrade Could Make It Harder to Lose All Your Crypto

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StarkNet Aims to Enhance Scalability, Privacy and Security on Ethereum - Yahoo Finance

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Good morning. Heres whats happening:

Prices: Bitcoin regained its perch above $30K, but its rally stalled; ether hovers near $2,100.

Insights: Longer-term narratives, such as bitcoin's recent store-of-value story matter but price depends on traders' shorter-range, often fickle sentiments.

CoinDesk Market Index (CMI)

1,323

+30.4 2.3%

Bitcoin (BTC)

$30,341

+959.4 3.3%

Ethereum (ETH)

$2,100

+25.0 1.2%

S&P 500

4,154.87

+3.6 0.1%

Gold

$2,018

+23.7 1.2%

Nikkei 225

28,658.83

+144.1 0.5%

BTC/ETH prices per CoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)

Bitcoin Rises Over $30K and Then Pauses

Crypto markets started promisingly on Tuesday, with bitcoin re-establishing its foothold above the psychologically important $30,000 threshold.

But the BTC rally stalled around $30,300 by midday, and the largest cryptocurrency by market cap was up just 3.3% over the past 24 hours. Bitcoin had dipped as low as about $29,100 on Monday before rebounding, as investors seemed to regain some of their prior zest for assets that hold value even as concerns about the banking industry have faded.

In an interview with CoinDesk TV's "First Mover" program, Kaiko senior research analyst Dessislava Aubert called the current rally "macro driven" and said that its ongoing strength would depend on liquidity.

The rally "started with the [U.S. Federal Reserve] providing emergency liquidity to banks in the United States," Aubert said. "So definitely, liquidity is playing a huge role."

She added: "We have seen that markets are expecting great cuts in the second half of the year. So there is still a lot of uncertainty around whether this will be the case or not. Ultimately, it will depend on how U.S. monetary policy turns out."

Story continues

Ether climbed above $2,100 for the second time in three days before dipping below the threshold and then rising again. The second-largest crypto by market capitalization was recently changing hands at about $2,100, up about 1.5%. A post-Ethereum Shanghai upgrade sell-off has yet to materialize.

Other major cryptos were solidly green, with ICP, the token of blockchain-based, smart contracts platform Internet Computer, recently rising 15% to trade at about $6.80. XRP, the native crypto of the blockchain-based, payments-focused platform XRP ledger, was up more than 3%. The CoinDesk Market Index, which measures the performance of the overall crypto market, was recently up 2.7% and in significant uptrend territory on a one to five scale.

Equity indexes spent the day largely running in place as the Dow Jones Industrial Average (DJIA), tech-heavy Nasdaq Composite and S&P 500 were all within a few fractions of a percentage point of where they stood at the close of trading Monday. Gold ticked upward to $2,017, but was still down from its near record highs of last week when assets that held value were in vogue. The yield on two- and 10-year Treasury edged up slightly but last week's surge has stalled.

In an email to CoinDesk, Anthony Georgiades, co-founder of Pastel Network, a decentralized blockchain for non-fungible tokens (NFT), cryptos and Web3 technology, attributed bitcoin's plunge under $30,000 to "converging elements," particularly the looming prospect of an inflation-focused Fed continuing its diet of hawkish interest rate hikes. But he also noted a loss of public confidence in the dollar and banking system.

"People ... are seeking a decentralized safe haven asset that is an inflation hedge," he said.

He added: "There are also macroeconomic conditions to consider. With an easing [consumer price index] and recessionary signals, the market seems to be pricing in potentially dovish Fed policies, which could lead to a risk-on craze. Bitcoin has found itself in somewhat of a paradoxical environment, and there may be price fluctuation to weather until the Feds short and medium-term monetary policies become clearer."

Bitcoins 'Store-of-Value' Narrative Is Real but Not a Price Mover

Markets are noisy, chaotic things that we human beings instinctively try to imbue with order and reason. This generally involves searching for explanations as to why prices are trending up or down or what triggered a sharp move.

Often there is an obvious explanation an earnings surprise or an unexpected corporate action. Sometimes the cause isn't so easy to see flows of funds, an evolving user base, steady product development and so on.

Noelle Acheson is the former head of research at CoinDesk and Genesis Trading. This article is excerpted from her Crypto Is Macro Now newsletter, which focuses on the overlap between the shifting crypto and macro landscapes. These opinions are hers, and nothing she writes should be taken as investment advice.

With bitcoin (BTC), its even harder to discern what is driving sentiment shifts at any given time because it doesnt have earnings, there are no corporate actions, regulation isnt the threat it is for some other crypto assets and the narratives are multiple and varied. There isnt even universal agreement as to what bitcoin is, let alone what drives its price.

But our search for reason amid chaos encourages us to latch on to something that makes sense, and if it is a narrative that justifies our interest while highlighting a timely concept, then so much the better.

Store of value

One phrase were hearing a lot of these days is store of value. It tends to mean different things to different people, but in general, it refers to an asset that holds its value relative to a broad basket of other assets over a long stretch of time.

In spite of its short-term price volatility and sharp bear markets, bitcoin is a store of value because it is the only asset traded on liquid exchanges today with a programmatic and verifiable hard cap. With other hard assets (those with limited supply) such as gold, diamonds or real estate, we dont know the supply cap, nor do we know how much is currently in existence.

Plus, with other hard assets, the price influences the potential supply. For instance, if gold were to surge from $2,000 to $20,000 per ounce, new extraction methods would become viable, boosting the theoretical cap. Bitcoin is the only asset traded on liquid exchanges for which the price has no influence whatsoever on the supply. It is the hardest of hard assets.

Whats more, the supply of its most common denominator the U.S. dollar has been increasing over the decades, and more recently at an astonishing pace. We are likely about to embark on another wave of monetary easing, involving lower interest rates and the incentivization of credit to overcome declining economic growth and consumption.

An increase in the supply of USD above what economic growth can absorb will all other things being equal decrease its value relative to other assets, and following basic math, if the value of the denominator drops, that of the ratio increases. Bitcoin is a store of value and a hedge against currency debasement.

Read the full story here:

12:30 p.m. HKT/SGT(4:30 UTC) Japan Industrial Production (YoY/Feb)

2:00 p.m. HKT/SGT(6:00 UTC) Great Britain Consumer Price Index (YoY/Mar)

6:45 a.m. HKT/SGT(22:45 UTC) New Zealand Consumer Price Index (YoY/Q1)

In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV:

Coinbase CEO Leaves Door Open to Relocating; Bitcoin Reclaims $30K

Coinbase CEO Brian Armstrong indicated that the crypto exchange would consider moving away from the U.S. if the regulatory environment for the industry does not become clearer. Jason Gottlieb, Morrison Cohen LLP partner and chair of the firm's digital assets department, weighed in. Plus, Kaiko senior research analyst Dessislava Aubert broke down XRP's rally in the last month. And, Arkham Intelligence is one of CoinDesks Projects to Watch 2023. Arkham founder and CEO Miguel Morel joined the conversation.

Ethereum Unstaking Requests Now Face About a 17-Day Wait: The queue stood at 14 days late last week, but its lengthened as more exit requests piled in from validators on the blockchain. Also, staked ether deposits outpace withdrawals for the first time since last weeks Shanghai upgrade.

Rocket Pool Made It Cheaper to Stake ETH Through Its Platform Following Ethereum Shanghai Upgrade: The staking protocol gave users access to their staking rewards and lowered the barrier of entry to create an Ethereum validator.

Developers Stay Resilient Through Harsh Crypto Winter, Report Says: According to Alchemys Q1 2023 "Developer Report," Ethereum SDK installations reached an average of 1.9 million installs per week, a 47% year-over-year increase.

The Biggest Crypto Bull Cycle Is Upon Us: Bernstein: Macro catalysts are lining up for bitcoin, a new report from the brokerage firm said.

Continued here:

First Mover Asia: Bitcoin Rally Stalls Above $30K; Ether Hits $2.1K - Yahoo Finance

In this weeks newsletter, read about how Mastercard launched an accelerator program for musicians powered by nonfungible tokens (NFTs), and how online safety groups urged Meta to refrain from allowing minors into its new metaverse. Check out what happens to NFTs when a collector dies, and, in other news, find out how publishers are looking for alternatives to play-to-earn gaming. And dont forget this weeks Nifty News, featuring Bitcoin (BTC) miners earning from Ordinals and Reddit facing backlash for Gen 3 avatars.

Payment processing company Mastercard announced an artist accelerator program with a Web3 twist. The program aims to help musicians by giving them access to artificial intelligence tools and other experiences. However, it will only be accessible to those with the limited-edition Mastercard Music Pass NFT.

The NFT is free for musicians and fans until the end of the month. The company partnered with Polygon to make the initiative happen. According to Raja Rajamannar, Mastercards chief marketing and communications officer, this program helps users understand and trust how blockchains and digital assets are used.

Continue reading

Cointelegraph spoke with various professionals to find out what will happen to NFTs when a collector dies. According to Oscar Franklin Tan, the chief legal officer of NFT platform Enjin, smart contracts are flexible enough to transfer NFTs upon the owners death, but the death needs a way to be linked to the contract.

Meanwhile, Ajay Prashanth, an executive at NFT insights platform bitsCrunch, echoed Tans comments. Prashanth said that setting up smart contracts to automate NFT transfer after death is technically feasible. However, it requires connecting to legal documents that certify the death.

Continue reading

Online safety groups have sent a letter to Meta CEO Mark Zuckerberg, urging the company to cancel its plans to invite teenagers and young adults to use its metaverse application, Horizon Worlds. According to the activists, Meta must assess the risks of allowing the youth into the metaverse.

The groups also urged the company to wait for peer-reviewed research on metaverse risks to make sure that kids and teens would be safe. According to the letter, children are likely to face privacy issues and harassment within the metaverse.

Continue reading

Cointelegraph went to the NFT.NYC 2023 event in New York to get exclusive insights from the conference. One of the topics discussed was play-to-earn gaming and how companies are shifting their strategies during the crypto winter.

Minoru Yanai from Japanese manga and anime design company Minto said that companies are now looking at play and fun and even earn or swap. He added that publishers and developers are now focusing on sustainability and flexibility.

Continue reading

Data from Dune analytics showed that Bitcoin miners had earned over $5 million from Bitcoin Ordinals as BTC transaction fees from inscriptions increased by 240% in the last month. Meanwhile, Reddits third batch of NFTs, commonly called Gen 3, faced backlash over botting issues. Redditors claimed that they missed out on the sale due to spam bots swooping in almost instantly.

Continue reading

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Thanks for reading this digest of the weeks most notable developments in the NFT space. Come again next Wednesday for more reports and insights into this actively evolving space.

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Heres what happens to NFTs when you die: Nifty Newsletter, April 1218 - Cointelegraph