Beatport is finally making waves in Web3. The iconic music platform, a trusted resource for DJs and musicians to download music for their sets, is launching its newest marketplace called Beatport.io. Via a collaboration with design studio Define Creative, the music platform is launching on Aventus, a parachain built atop the Polkadot network. Beatport.io is adding techno elements to various…
The latest legal action against Block.one (B1) — the creator and original seller of Eos (EOS) — could potentially help plaintiffs get a higher compensation, according to EOS Network Foundation (ENF) founder and CEO Yves La Rose. On July 25, La Rose officially announced that ENF is preparing a lawsuit against Block.one for its failure to follow through on its…
During a period of hyperinflation in 2013, “my Venezuelan mother asked me to send money to Caracas, the country’s capital,” Hervé Larren recalls. However, bank transfers were not possible between the two countries. Busy with work in New York, he told a friend that he planned to fly to Caracas — carrying cash for his mother — and return the…
As regulatory scrutiny continues to circle the wider Web3 ecosystem, cryptocurrency lending platform Nexo will look to leverage training resources, connections and data by joining the association of certified sanctions specialists (ACSS). The association offers training and certification for sanctions professionals across a variety of industries including financial institutions, international corporations, law firms, public institutions and a host of other…
beginner Interest rates play a pivotal role in our financial lives, impacting everything from our savings to the cost of borrowing money. This article aims to delve into two fundamental types of interest rates: simple and compound. To make informed financial decisions, it’s critical to understand the distinction between them, how they’re calculated, and their potential impact on your finances.…
Legendary martial artist and actor Bruce Lee , who died in 1973, is set to teach martial arts in the metaverse through a tribute event hosted by a social entertainment platform, to celebrate the 50th anniversary of the actor’s passing. Metaverse project Byte City announced on July 26 that those who wish to engage with an avatar of the late…
Palm Network is taking the leap over to Polygon, outlining a new roadmap to deploy on the network’s Supernet by 2024. Led by the creator’s network eponymously named foundation, the two-step process kicks off today, signaling a migration from its current proof-of-authority (PoA) consensus mechanism to a proof-of-stake (PoS) mechanism by next Tuesday. The second step, slated for next year,…
Nonfungible token-focused blockchain Palm Network is about to become a great deal more accessible to users, with plans to transition into being a customized Polygon blockchain. According to a July 26 announcement, Palm Network will soon become a Polygon (MATIC) ZK Supernet, which will see minting, trading, and collecting NFTs becoming more readily available to its users. Additionally, Palm Network…
“We are building the first mainstream usable payment wallet out there,” says Andy Bromberg, CEO of the Eco App and Beam, which has launched the company’s second product today: Beam wallet. Beam wallet is built akin to a simple Web2 interface, but has years of Web3 technology running under the hood. It operates atop the Ethereum-based layer-2 rollup Optimism and…
Although some consider the second quarter of 2023 a lost quarter, others find that the smart contracts industry remains resilient. Even though the crypto space suffered from lower investments from venture capital firms, developers continue to deploy smart contracts, signaling a growing demand for blockchain-based solutions. In its Q2 report for 2023, blockchain platform BNB Chain noted an increase in verified smart…
