Singer Kiesza backs robot NFT to give prosthetic limbs to a young man and a dog

In a positive twist for the nonfungible token (NFT) mania, Canadian singer Kiesza backs an NFT drop called MetaMoves in partnership with NFT marketplace Portion aiming to provide funds for patients who need prosthetics.  In an interview with Cointelegraph, Kiesza said that being someone who experienced an accident, the singer empathizes with those who face the challenges of losing a limb. She explained that: “Movements are at the core of everything we do, as we understand the central role they play in people’s identities. […] You can only imagine how…

Aave launches open-source platform for social networking DApps on Polygon

Aave (AAVE) has announced a new project called the Lens Protocol that focuses on helping developers build social networking decentralized applications (DApps) on the Polygon blockchain.  Apart from social media DApps, the liquidity market protocol creators aim to use nonfungible token (NFT) technology along with Lens’ open-source blockchain tech to allow developers to create marketplaces, recommendation algorithms and other applications. According to Aave, this will allow users to completely own their own data and give creators new monetization opportunities. Lens Protocol allows users to have a single Lens profile that…

Theta Labs to help Sony launch 3D NFTs compatible with Spatial Reality Display

Japanese conglomerate Sony Electronics collaborates with blockchain video delivery network Theta Labs to launch nonfungible tokens (NFTs) that can be viewed in mixed reality through Sony’s Spatial Reality Display, a monitor that lets people perceive things in 3D without using traditional 3D accessories.  The Spatial Reality Display tracks eye movement and adjusts the display as the viewer moves, giving users a 3D viewing experience. With this, Mitch Liu, co-founder and CEO of Theta Labs believes that NFTs and metaverses now have a “huge potential” for 3D visualization. Liu also noted…

Yuga Labs’ Otherdeeds NFT mint triggers backlash from community

The aftermath of the Otherdeeds nonfungible token (NFT) mint is filled with disgruntled community members voicing their complaints on Twitter over Yuga Labs’ handling of the event.  The launch of Otherdeeds NFTs gained massive support from the community, selling out almost instantly after it dropped. Because of the high demand, the launch drove Ethereum gas fees sharply higher, leading users to pay from 2.6 Ether (ETH) up to 5 ETH to complete their transactions. However, many community members were unhappy with the event. According to Twitter user RandomGuyonct, several users…

Ethan Lou shares experience of crypto conference in North Korea

When North Korea announced a crypto conference back in 2018, Canadian journalist Ethan Lou jumped at the opportunity to see what the country’s crypto scene looked like. He encountered many surprises, including being introduced as a presenter to a North Korean audience.  According to Lou, he went there with eight other unsuspecting participants who wanted to simply attend the crypto conference. However, when the plane landed and the conference started, they realized that they were being announced to the audience as foreign experts who flew all the way to North…

Blockchain projects aim to disrupt the music industry

Music is a tricky business. The industry has its fair share of controversies, from monopolies to the limited earning potential for upcoming artists. While Web2 brought many positive changes, the industry still has a long way. Because of this, projects are trying to utilize blockchain technology to provide new solutions to the age-old music market. In the last ten years, the industry has changed drastically because of the internet and social media development. Artists have new mediums to share their songs, and fans have many new ways to engage with…

DeFi partnership aims to tokenize shares of pre-IPO companies

Decentralized finance (DeFi) protocol Portal has partnered with the asset marketplace HighCircleX (HCX) to tokenize stocks of pre-initial public offering (IPO) companies, according to an announcement shared with Cointelegraph on Monday.  The collaboration aims to make investing in private equity easier by building on top of the Bitcoin (BTC) blockchain. Through this, HighCircleX is looking to solve problems such as the lack of liquidity and value uncertainty for traditional assets. According to the announcement, HCX will create and manage a limited liability company (LLC) for the investments. While the investors…

Blockchain and oracles can help clean energy transition, study claims

New dynamics in the energy sector are compelling providers to shift to sustainable and clean energy to combat climate change. While many challenges accompany the clean energy transition, a report claims that blockchain has the potential to help the industry achieve its climate action goals.  The report, titled “Managing Climate Change in the Energy Industry With Blockchains and Oracles,” was conducted by Tecnalia Research and Chainlink Labs. It outlines how blockchain features like tokenization, hybrid smart contracts and blockchain oracles can be applied to the energy sector to manage climate…

Myspace founder predicts blockchain gaming to be ‘dominant place’ for socializing

While many gamers are critical of blockchain-based gaming, Myspace co-founder Chris DeWolfe believes adoption is on the way as the business model inherently provides players more control over their in-game experiences. DeWolfe, who is now the CEO of game development firm Jam City, told Cointelegraph that “the quality of the game and how developers interact and engage with players to set expectations” could eventually change the perception of skeptics.  Jam City founder and CEO Chris DeWolfe. Source: Jamcity.com The former Myspace CEO also compared the advent of Web3 gaming to…

Cardano Foundation and The University of Zurich expand academic blockchain research

Non-profit organization Cardano Foundation has announced a three-year collaboration with the Blockchain Center of the University of Zurich (UZH BCC) to further research initiatives and explore blockchain education development.  Through the partnership, the foundation will work with the Blockchain and Distributed Ledger Technologies (BDLT) Group at the University of Zurich to explore research topics like the efficacy of consensus protocols and analyze attack vectors specific to Ouroboros, among many others.  The University of Zurich. Source: www.uzh.ch According to Cardano Foundation CEO Frederik Gregaard, the partnership allows the foundation to provide…