“Matthew Sweezey, former Salesforce’s Futures Lab partner, has joined Smart Token Labs aiming to bring Ethereum-based smart tokens to the broader Web3 community. Unlike traditional non-fungible tokens, smart tokens offer a dynamic and interactive experience and can perform pre-set assignments like autonomous wallet interactions and user transactions.”
Search Results for: ERC-1155
TASE’s Blockchain PoC Success: Tokenizing Bonds, Fiat & Future Impact on Financial Industry
The Tel Aviv Stock Exchange (TASE) completed the proof of concept phase of Project Eden, exploring blockchain technology for issuing and settling government bonds. The PoC featured tokenization of the Israeli Shekel and used Ethereum Virtual Machine-compatible blockchain, with support from major international and local banks.
Evolving NFT Standards: Overcoming Compatibility Hurdles & Empowering Creators
Ethereum’s ERC-721 and ERC-1155 token standards simplify the creation process in the blockchain world. However, many NFT functions lack standardized protocols, leading to increased complexity for content creators. Folklore founder Rafa addresses the challenges of standardizing NFT interactions and proposes expanding standard sets to improve compatibility and functionality.
Gala Games Token Upgrade: Coinbase’s Reluctance and Impact on GALA Holders
As Gala Games upgrades their GALA token on May 15 with improved features, Coinbase announced it won’t support the move, causing confusion for users. Gala V1 holders must withdraw tokens to ensure receipt of the new V2 token. Coinbase’s decision may be due to increased regulatory scrutiny, raising questions in the blockchain and crypto communities.