Napster will revive with Algorand, Engine & Polkadot, disruptive blockchain, Metaverse Games

Since the launch of Bitcoin in 2008, Crypto has presented an endless amount of white space with imaginable and unimaginable market opportunities, often with the mobile at the center of art in play. S2122

Finally, simplify its use

Enjin offers an Ethereum-based cryptocurrency that allows users to create and use non-fungible tokens. Enjin is home to over 250,000 gaming communities and the creator of Enjin Coin. ENJ aims to create a complete ecosystem of gaming devices, from publishers to independent, enabling them to create new sources of revenue and new experiences for their players. Enjin’s Unity SDK opens the door to a new way of interacting with blockchain, EnjinX API enables fast retrieval of critical transaction and item data, Enjin Wallet hosts all the player’s hard earned items where they are stored securely.

Moreover, this wallet is excellent, a simple and elegant UX / UI that manages a very powerful and complete crypto wallet. It is not only safe but very stable. The engine team continues to roll out new features and bug fixes on a regular basis. The QR scan function is smooth and the redemption function also works well. Real possession of gaming objects across the multiverse.

Engine’s platform was built for Ethereum, but their new Efinity blockchain has just been launched on Polkadot. This is a next generation blockchain that will allow even easier onboarding for regular users. They do not even have to own a wallet to start receiving NFTs, which will lower their access barrier. Here’s a simple example of use companies like Microsoft (Azure) use the platform to give the Open Source developer community recognition badges and certifications to attend events, be mentors, create code, and which prove and verify that they are a true member of The Azure community. The entire blockchain can be integrated into an online world map that shows which countries / users have which badges.

Another example in games a player may have is an NFT pet rising in level and moving on through the game with them. They can own, manufacture or upgrade weapons and items, equip them with their game character and then swap items with other players, all within the game world.

FYI Witek Radomski is the co-founder and CTO of Enjin, who wrote the code for one of the very first NFTs in 2017 and is the author of ERC-1155, an advanced Ethereum token standard that allows developers to implement fungible and non-fungal -fungible elements in a single smart contract.

Polka dot

From Bitcoin payment apps to Ethereum smart contracts, each blockchain protocol has its own utility cases. What many lack is interoperability. Polkadot breaks down silos that once kept blockchains isolated from each other, giving them new ways to communicate with each other. This is a defining feature that will extend the long-term effect that blockchains can have.

NFTs bring old platforms back to life

The news that Napster is joining the web3 and NFT area of ​​the music industry follows a similar announcement from LimeWire. Those who knew the beginning of the web (2000) certainly used Napster, which fought the big system by offering its 80 million users the option to download music for free until it closed. Peer-to-peer music sharing company Napster was acquired with the intention of turning the company into an NFT music brand, according to a report by The Verge. Napster was acquired by the crypto-investment firm Hivemind og Algorand, the operator of a decentralized blockchain and the company behind the Algorand token. Alogrand blockchain will be used for the launch of Napster. I do not regret having taken a screenshot at that time and turned them 20 years later into NFT 🙂

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Cryptostat status of a16z

This report is the first from the fund to have invested in crypto for 10 years, it will be an annual look at trends in the crypto industry through the a16z crypto perspective with data tracking and the countless entrepreneurs and builders it encounters. It is for anyone who wants to understand the evolution of the Internet and where we are heading towards a decentralized, community-owned and driven alternative to centralized web2 technology platforms, especially as it pertains to creators and other builders.

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Crypto affects the real world

Consider the financial system. The status quo has disappointed many people: more than 1.7 billion people do not have a bank account, according to the World Bank. Demand for decentralized financing or DeFi and digital dollars has grown significantly over the last few years, even after taking into account the recent downturn. For underserved and unbanked populations, of which 1 billion have mobile phones, crypto provides a chance for financial inclusion. Projects like Goldfinch are expanding access to capital that would otherwise be unavailable in new markets.

Shopify is accelerating on cryptocurrencies

Shopify has partnered with Crypto.com to allow merchants to accept payments in cryptocurrency from customers through Crypto.com Pay. Crypto.com will waive the settlement fee (0.5% per transaction) for one month for Shopify merchants who integrate Crypto.com Pay into their payment for a limited period. The latest crypto-rout, the market lost 40% of its value in 2022 in mid-May, is likely to affect the adoption of crypto payments in the short term. But buy-ins from large companies like Shopify should support long-term growth.

The number of crypto payment users in the United States will reach 3.6 million by 2022, representing only 10.7% of crypto owners in the United States.

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$ 600 million fund focused on Metaverse Games

The Andreessen Horowitz Fund (a16z) has announced the launch of Games Fund One, which will invest $ 600 million across the industry. Games will continue to play a key role in how people socialize, play and work going forward, and the fund will invest in game studios, game and customer experiences and infrastructure, a16z said.

Decentraland, Gala, STEPN at 35%

The beginning of May was brutal for the cryptocurrency market, with hundreds of billions of dollars of value deleted from the card when Terras LUNA and UST crashed – and apparently took much of the market with them.

aber ind

The crypto-vocabulary is large, here is the term “apeing in”, which describes a person impulsively buying a new cryptocurrency or NFT for fear of missing something. When someone comes along, they have usually not researched the project before buying it and often buy the asset shortly after the project is launched. The term is derived from a meme from the movie “Rise of the Planet of the Apes.”

Artist at sloika.xyz

NFT platform for photographers, here is a series about Venice by photographer Ronny Behnert

Web3 Twitter on Polygon

Web3 company Aave has released a social media platform similar to Twitter using the Polygon blockchain. The new project called Lens Protocol uses NFTs for a unique web3 social experience. Users can create their own profiles like NFTs, monetize their content and more. Of course, it’s too early to say whether Aave’s NFT-powered social platform will surpass Twitter including Lens Protocol, which also has competitors in the web3 area. One of the applications powered by the protocol is a mobile app, Phaver on iOS and Android.

May at OpenSea

$ 476,139,461: May 1 marked the largest trading volume day in OpenSea history
3.1 million: the number of transactions on OpenSea over the last 30 days

NFT NYC: 21.-23. June

Since 2018, it is the platform that gives voice to the growing NFT community. To date, 1,149 speakers have been approved to speak at the event.

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