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Korea-based gaming developer and publisher Krafton announced its new collaboration with blockchain platform in a concerted effort to develop Play-to-Earn blockchain and NFT games. Krafton is the name behind popular game titles such as PUBG: Battlegrounds, Thunder Tier One, Elyon, and many more. According to the announcement on March 23, Krafton and Solana Labs signed a strategic agreement. As part of the deal, Krafton will offer support in designing and promoting blockchain games developed on Solana blockchain. Krafton Partners Goes Big Into Blockchain The two parties expect to build a solid long-term partnership with blockchain services and NFT games under significant development. Krafton and Solana will also eye potential funding opportunities to grow their business. Speaking about the partnership Park Hyungchul, Head of Web3 division at Krafton, commented, “Krafton will continuously see ways to work closely with blockchain companies like Solana Labs as we work toward estab...

The Proof-of-Stake (PoS) consensus mechanism has emerged as the most viable solution to Bitcoin and Ethereum’s energy problem. The world’s two most popular blockchains have long been criticized for their enormous power consumption, with one recent study from U.K. financial site MoneySuperMarket estimating that each Bitcoin transaction costs in excess of $100 in terms of energy costs. Understanding that Bitcoin’s Proof-of-Work (PoW) consensus would one day be a problem, the PoS consensus was first described by Sunny King and Scott Nadal in a 2012 paper. The pair set out to solve Bitcoin’s energy problem using an alternative method known as “staking”, in which a deterministic algorithm chooses nodes to process blocks, based on the number of coins a staker holds. That’s opposed to PoW, where miners race to solve complex mathematical problems to become chosen as the next block producer. Under the PoS system, stakers have a greater chance of being chosen to add the next block – and earn...

There are many common misconceptions in the world of cryptocurrency trading and they often get in the way of new entrants to the market. These myths are perpetuated by less-than-charitable media coverage, technical misunderstandings in the public, and general fear that comes along with any new technology. Because we’ve seen the potential for this industry and how it can shape the world, we wanted to do our part to bust these myths and alleviate some of the hesitations that are natural when encountering cryptocurrency for the first time. The way we’ve done it is by developing a soon to be released immersive metaverse game called Kusunoki Samurai that takes players on a whirlwind adventure through 14th-century Japan. This game is natively integrated with cryptocurrency, and it aims to subtly disabuse some of the following notions: You need a large amount of capital investment to trade cryptocurrency. This couldn’t be further from the truth and our game should help people to recogniz...

GameStop added Loopring to its list of key partners as a layer-2 solution to the upcoming launch of a GameStop NFT platform. The layer-2 decentralized protocol built on Ethereum blockchain, Loopring (LRC) has just announced the beta launch of GameStop’s NFT marketplace in collaboration with…GameStop . GameStop and Loopring Come Together for NFTs The GameStop NFT marketplace officially went live and the platform is now available under beta testing. Loopring’s blog post highlighted, “We’re thrilled to announce that the long-awaited GameStop NFT Marketplace (beta) is now LIVE, with the full NFT Marketplace coming shortly, built atop none other than Loopring L2!” The collaboration will provide numerous benefits to GameStop’s NFT platform. For example, because Loopring is a layer-2 scaling solution, it has minimal transaction costs and excellent processing speed. This allows the system to slip into the same trap that major NFT exchanges are in due to their reliance on Ethereum. ...

DeFiChain is a decentralized proof-of-stake blockchain that is specially dedicated to decentralized financial applications. As a fork of Bitcoin’s blockchain, DeFiChain allows DeFi applications (dApps) to implement more advanced through custom transactions, also known as DeFi Transactions (DfTx). There are loads of DeFi platforms out there – but many don’t support Bitcoin. This is an issue, as many people trust the first token more than any other. What is DeFiChain? As many businesses have still been suffering from the global pandemic as well as the attack of Russia on Ukraine, more people are taking interest in participating in the financial market such as the stock or crypto markets in an effort to protect their assets. These market forces to push blockchain technology-based decentralized finance services to take off to new and exciting heights. However, platforms like Bitcoin still have known existing problems in terms of scalability and decentralization that could stint the...

More than 2 million Ethereum, worth around $5.8 billion, was reportedly burnt since the last update. The burns started following Ethereum Improvement Proposal 159, or EIP 1559, from the London hard fork. EIP 150 does not limit the total supply of Ether, instead, kicking off a mechanism that destroys an amount of Ether in circulating supply per transaction. 2 Million Ethereum Burnt Since August 2021 Burning Ethereum is a way to reduce excessive gas fees, a familiar nightmare for any Ethereum investors/traders. We’ve seen a lot of complaints on the ridiculous high gas fees from the crypto community, many projects and investors abandoned the network and switched to other alternatives. So, EIP 1559 came as an Ethereum-saver, despite the fact that the overall system still needs a larger solution. EIP-1559, introduced by the London Hard Fork upgrade, enables a deflationary ETH system and lower transaction costs. Since then, this dynamic has permitted even more public adoption of this...

According to analytics source DappRadar, Bored Ape Yacht Club is one of the largest NFT collections on Ethereum, with a total trading volume of $1.41 billion. Many of the top-selling BAYC artworks are worth more than a million dollars, and their owners involve celebrities such as Jimmy Fallon, Serena Williams, and Paris Hilton. “See You On The Otherside” Yuga Labs, the creative team behind the well-known collection, dropped on Saturday March 19 a teaser for a new project dubbed “ Otherside. ” The trailer was featured on Yuga Labs official Twitter account and quickly shared across multiple social networks. As highlighted by Yuga Labs, the project is set to launch in April 2022. See you on the Otherside in April. Powered by @apecoin pic.twitter.com/1cnSk1CjXS — Yuga Labs (@yugalabs) March 19, 2022 Coincidentally, Bored Ape Yacht Club also launched in April 2021. If the team sticks to the timeline, the next release of Otherside could also be to celebrate the one-year milesto...