web3 Archives - Cryptolifedigital

Blockchain-based Metaverse And Web3 Platforms To Form An Open Alliance For Web3 To Settle Interoperability Issues

21Jul

By Cryptolifedigital1 Comment

Blockchain

Blockchain-based Metaverse And Web3 Platforms To Form An Open Alliance For Web3 To Settle Interoperability Issues

In an attempt to overcome the issue of interoperability in the industry, the blockchain-based metaverse and web3 platforms have come to a common point to form an Open Metaverse Alliance for Web3 (OMA3). The alliance is said to have four fundamental principles which include: TransparencyInclusivenessDecentralizationDemocratization Open Metaverse Alliance for Web3 will be founded as a DAO, Decentralized Autonomous Organization to aid a governance system that is “transparent and user-centric.” It will aim its efforts on specific metaverse-related topics, such as standards for non-fungible tokens (NFTs), protocols, transferable identity, portals between virtual worlds, mapping, and indexing. Read Also: Ripple User, Airwallex To Launch Its Online Payment App on Shopify. Read A...

Web3 Protocol Once On Terra Blockchain Migrates To Polygon.

10Jul

By Cryptolifedigital1 Comment

Blockchain

Web3 Protocol Once On Terra Blockchain Migrates To Polygon.

There has been a serious migration of projects from Terra (Luna) and its stablecoin, TerraUSD (UST) since the inception of the collapse of Terra. Dozens of protocols have chosen to move to polygon network (MATIC). For instance, as stated by Wyatt, over 48 projects which include NFT ecosystem One planet and Derby Stars HQ Play-to-Earn protocol, have already moved their development workloads to Polygon Network (MATIC). Read Also: One Of The Largest Ethereum Chain investors, Gimli Acquired A whopping 750 Billion Shiba Inu Worth Of $8.4 Million Web3 Protocol On Polygon Ryan Wyatt, CEO of polygon studio, tweeted on July 8th about the new migration from Terra to Polygon Network. The migration of Web3 protocols from Terra 9Luna) blockchain. https://twitter.com/Fwiz/status/1545555...

Edgevana, a startup promising scalable capacity In Edge Locations Adds Support To the Solana, A Web3 Blockchain Firm.

15Jun

By Cryptolifedigital1 Comment

Blockchain

Edgevana, a startup promising scalable capacity In Edge Locations Adds Support To the Solana, A Web3 Blockchain Firm.

Edgevana, a startup promising scalable capacity in Edge locations that aims to be a leader in Blockchain Infrastructure and Ecosystem Services has added support on the Solana, a web3 blockchain firm. What is Edgevana? Edgevana was created in 2019 by data center industry veterans Mark Thiele and Subhan Jahromi with the express goal of simplifying and speeding up the selection, provisioning, and deployment of the data center, co-location, and edge computing facilities. Read Also: BabyDoge Becomes The Most used Smart Contrast by BNB whales As 2.6 Quadrillion Was Sent Into dead-end Wallets. What does Edgevana have to offer? Edgevana makes adopting edge computing easy for rapidly emerging web3 companies like the Solana Foundation and highly distributed, P2P networks like FileCoi...

Binance Labs Raises $500m to Fund Crypto, Web3 Projects

1Jun

By Cryptolifedigital2 Comments

Blockchain

Binance Labs Raises $500m to Fund Crypto, Web3 Projects

Venture capital companies proceed to deploy and raise capital for crypto markets despite volatility in the late weeks, with Binance Labs closing a $500 million investment fund to focus on web3 and blockchain technology adoption. “We see the fund as another step in terms of us being able to build our mission statement, which is to help advance the adoption of web3 technologies, across all stages,” Ken Li, Binance Labs’ executive director of investments and M&A, told TechCrunch. Read Also: Cardano Dex, ADAX, Releases Latest Testnet Version The capital was supported by DST Global partners and Breyer capital, this was done in addition to offices and corporations as limited partners stated by the company. Binance Labs is the venture capital and accelerator arm of Binance, the w...