Solana, a high-performance blockchain platform, has unveiled State Compression, a new feature that significantly reduces the cost of storing non-fungible tokens (NFTs) on-chain. Launched in collaboration with its ecosystem partners, State Compression offers developers a more cost-effective solution to store NFT data securely while simultaneously maintaining blockchain decentralization. In this article, we will explore state compression, its benefits, how it
Reddit, the popular social news aggregation and discussion website, is set to launch its third generation of blockchain-based digital collectibles called “Reddit Avatars” next week. The platform has already deployed the contract on the Polygon blockchain, with the official launch scheduled for later this month. Participation of Previous and New Artists in Avatar Design In an announcement last week, an
PostFinance, a retail bank owned by the Swiss government, has announced its intention to offer cryptocurrency trading and storage services to its customers. In order to provide regulated digital asset banking services, PostFinance has partnered with local cryptocurrency bank Sygnum. Through this partnership, customers will be able to buy, store, and sell major cryptocurrencies such as Bitcoin and Ether. Partnership
Green technology has become a growing trend worldwide, and blockchain-powered projects in this space are gaining popularity. BasaltCoin is one such project that aims to commercialize intellectual property in green tech and blockchain by connecting inventors and investors, ultimately helping the community increase their income. The project has piqued the interest of investors, and the BasaltCoin presale offers an excellent
As the UK economy continues to face challenges, small and owner-managed businesses are struggling to manage their finances, especially cash flow. Penny, a leading digital lender, is committed to providing access to finance for UK SMEs. Their latest solution, Penny Connect, is a partner integration solution that enables platforms to integrate with the Penny network and offer tech-driven invoice finance
The crypto industry is rapidly expanding and Europe is emerging as a key player in this space. In recent years, there has been a surge of investment in European crypto start-ups, reflecting the growing interest and confidence in the region’s potential. This article will provide an overview of the investment landscape for European crypto startups, highlight top global investors, explore
The fintech industry is constantly evolving, and technology is playing a crucial role in shaping its future. Advancements in web3, the metaverse, blockchain, and DeFi are changing the way we perceive and interact with finance. One of the most significant developments currently taking place in the virtual assets industry is the rise of Decentralized Autonomous Organizations (DAOs). This article will
The e-commerce landscape is rapidly changing, driven by the acceleration of digital transformation across industries. eBay, one of the most popular online marketplaces, has launched several initiatives to keep pace with these changes and provide new ways to connect with consumers and businesses. One of these initiatives is a live commerce pilot program called eBay Live, aimed at enabling live
Alpha Development and XD Academy, two leading companies in the field of education and consulting for financial services institutions (FSIs), have announced the release of a DeFi learning pathway designed to help FSIs stay ahead of the curve in their industries. As taking advantage of DeFi solutions becomes increasingly important for FSIs, Alpha Development and XD Academy are making sure
Checkout.com has taken a step further to deliver innovative financial solutions by branching out into embedded finance with card issuing. Their platform now provides merchants and other businesses with a streamlined way to create and manage custom-branded cards, enhancing their customer experience and opening up new revenue streams. The move into embedded finance marks a strategic expansion for Checkout.com, which
As the world of cryptocurrency continues to grow, it is becoming increasingly important to have reliable and secure ways to store and manage digital assets. That is where wallets come in, and two companies have recently secured significant funding to develop their respective wallets – Soul Wallet and Aztec Network. Soul Wallet’s seed funding Self-custodial wallets have been gaining popularity
RockX, a blockchain node network based in Singapore, has recently launched Bedrock, its Ethereum liquid staking platform. Bedrock provides a non-custodial, on-chain, and independent liquid staking solution to address regulatory requirements faced by large-scale staking processes. The primary objective of Bedrock is to enhance capital efficiency by allowing users to receive a new token instead of their staked tokens, which
