Unlike restricted proof-of-work (PoW) blockchains like Bitcoin, the Polkadot blockchain allows cross-blockchain transfers of any asset or data, facilitates more transactions per second and needs less infrastructure. Polkadot uses a nominated proof-of-stake (NPoS) blockchain centered on interoperability of parachains that connect to and are secured by the Relay Chain. Validators can validate both the Relay Chain and the parachains, making…
press release PRESS RELEASE. Abu Dhabi, 25 April, 2023 — Venom, a Layer-1 blockchain that operates out of the Abu Dhabi Global Market (ADGM), today announced that its public testnet is officially live. The milestone marks a significant accomplishment in Venom’s roadmap as it prepares to launch on mainnet. Along with the testnet launch, Venom has also unveiled a host…
Google Cloud, a cloud services platform offered by Google, is now offering a special initiative for Web3 startups that leverages collaborations and partnerships with some of the biggest companies in crypto. The Web3 Startups Program is part of the wider Google for Startups Cloud Program—which provides technical tools, cloud services, and more to pre-seed to Series A companies. Projects who…
Over two dozen nations have applied for BRICS membership ahead of its upcoming annual summit, the representative of the hosting nation revealed in an interview. The organization which unites leading emerging economies will discuss its enlargement in early June. BRICS to Talk Expansion as Number of Candidates Continues to Grow The BRICS group of nations — Brazil, Russia, India, China,…
Troubled digital currency company Genesis Capital saw its settlement disrupted by creditors in two months after the initial agreement, raising concerns about the timing of the process. Genesis’ parent company, Digital Currency Group (DCG), took to Twitter on April 25 to issue a statement on Genesis filing a motion for mediation. The firm said that Genesis’ settlement could be troubled…
Artificial intelligence (AI) has been making headlines as the technology becomes more pervasive in major industries across the world. The legacy web browser Opera announced the latest version of its application, Opera One, which will include a new generative AI integration. According to Opera, the in-browser AI feature known as AI Prompt will deliver users “contextual prompts” for web pages or…
Court documents were filed indicating that Do Kwon, co-founder and CEO of Terraform Labs, has asked for the dismissal of charges leveled against him by the Securities and Exchange Commission (SEC). In the motion filed on Friday, April 21 to have the SEC charges dismissed, Kwon argued the SEC’s claims are invalid, pushing back against the agency’s position that tokens…
Japan’s regulatory and political environment for crypto and Web3 technologies has been evolving rapidly over the past several years. The Financial Services Agency of Japan reported in December 2022 it planned to lift restrictions on foreign-issued stablecoins in Japanese exchanges, which could have significant implications for the decentralized finance (DeFi) ecosystem in Japan and the wider region. Furthermore, the Japanese…
Natural language processing (NLP) is a field of study that focuses on enabling computers to understand and interpret human language. NLP involves applying machine learning algorithms to analyze and process natural language data, such as text or speech. NLP has recently been incorporated into a number of practical applications, including sentiment analysis, chatbots and speech recognition. NLP is being used…
The digital fashion movement was founded, barely two years ago, on a relatively simple premise: bringing clothing—both the everyday and the rarified—into the virtual realm. Despite the active efforts of numerous elite fashion brands and Web3-native startups alike, however, a vibrant ecosystem of wearable digital fashion remains largely elusive. Interoperability—the technology required for a digital asset like a virtual dress…
