Search Results for: Tezos

Fireblocks, a provider of cryptographic custody and settlement solutions, has integrated full support for the Tezos network. This partnership enhances security for Tezos-based asset storage and streamlines access to decentralized applications. The collaboration also anticipates a surge in the protocol’s Decentralized Finance activities, contributing to its rising position among all protocols by total value locked.

The Tezos blockchain’s 14th upgrade, “Nairobi,” offers transaction speeds up to eight times faster and introduces a new fee mechanism based on network usage. However, Tezos’ low usage and the XTZ token’s underwhelming performance raise questions about its long-term viability in the competitive blockchain ecosystem.

Google Cloud’s partnership with Polygon, an Ethereum Layer 2 protocol, strengthens the growing trust in blockchain’s role in our digital future. Google’s entry as a validator bolsters security, and implicates its infrastructure employed by high-traffic platforms, as part of web3 collaborations.

“In the realm of non-fungible tokens (NFTs), the choice of blockchain such as Ethereum or Solana can significantly impact the success of your collection and the community’s perception of your brand. Lesser-known blockchains like Ripple, Tezos, and Polygon are also becoming attractive options. However, choosing a blockchain demands careful consideration of factors such as security, transaction speed, cost, scalability and smart contract functionality.”

AI is giving a new lease of life to the work of American poet Allen Ginsberg. An AI-powered camera, developed by NFT poetry gallery TheVERSEverse and the Tezos Foundation, is used to transform visual images into textual poetry. This creative endeavor generates a poetic ensemble inspired by Ginsberg’s work and demonstrates AI’s potential to perceive and interpret. It offers fresh perspectives on the blending of AI and the arts, raising questions about originality, ethics, and the future of such fusion.

Non-fungible token (NFT) ticketing company Get Protocol has secured $4.5 million in new funding, amid dwindling fundraising climate subsequent to the fall of the FTX exchange. The funds contributed by Flow Ventures and other notable Web3 companies aim to create an alternative to dominant entities such as Ticketmaster.

French DJ and NFT artist Agoria collaborates with blockchain-based music platform Bolero to offer fans a shared stake in royalties from his upcoming record. Utilizing Bolero’s “Song Shares” feature, fans holding the NFT-based song can earn rewards, potentially transforming the dynamics of the music industry by providing artists more direct compensation.

Reddit users can now claim free Rabbids-themed NFT avatars, showcasing the continuous convergence of gaming and blockchain technology. Ubisoft and Reddit’s collaboration follows the success of Reddit’s $330 million market cap “Snoo” NFT avatars. As Ubisoft further explores digital ownership, the demand for this unique blend of technology and gaming remains uncertain.

Ubisoft collaborates with Integral Reality Labs to create Assassin’s Creed Smart Collectibles – NFT access passes on Polygon network with redeemable 3D-printed keepsakes. This partnership highlights the potential of incorporating NFTs in gaming while addressing concerns of a speculative market bubble.

Web2 companies entering the Web3 ecosystem face challenges, as success in traditional industries doesn’t guarantee smooth transition. Porsche’s NFT project struggled due to lack of transparency, confusing minting process, and poor marketing, while Reddit succeeded by integrating Web2 elements and providing accessible NFTs. Collaboration with Web3 native experts is key for successful ventures.