[ad_1] Web3 games witnessed an investment of nearly $1 billion in April 2024 alone. The industry is rising at a record speed, with a large number of games launching every quarter. A huge credit for this success goes to L2 Rollups. But what role do rollups play in the Web3 gaming infrastructure? Let’s find out.Rollups & Web3 Gaming1. Scaling the games on a budgetWeb3 games need a lot of transaction throughputs to handle in-game transactions. However, the transactions also need to be processed cheaply. One can’t expect to pay hundreds of dollars in a game just to complete a basic…
Author: dfrancis36
[ad_1] The Solana Foundation recently launched two new tools to facilitate the integration of Web3 capabilities into mainstream platforms and the adoption of blockchain. In a series of social media posts, the foundation launched “Actions” and “Blockchain Links” (Blinks), which, according to the announcement, is a step forward in allowing developers to build blockchain functionality into websites and social media platforms. Alongside these developments, the Solana ecosystem continues to expand its tooling and services, with notable advancements in transaction cost reduction and network efficiency. Seamless Web3 Transactions? Actions, one of the newly introduced tools, allows users to engage in Web3-native…
[ad_1] XRP is undoubtedly home to more whale addresses than many would expect, with supply data even showing an interesting concentration among these whale wallets. An XRP proponent named Chad Steingraber recently highlighted this phenomenon on social media. According to the supply distribution, XRP is on track to develop a supply crunch in the near future, especially with the SEC lawsuit against Ripple now coming to a close. Increase In XRP Whales Raise Scarcity Concerns XRP was created with a total circulating supply of 100 billion XRP tokens. However, despite this huge amount of tokens that could theoretically be available,…
[ad_1] Over the past ten years, “cryptocurrency” has become super common. Bitcoin is like the captain of the ship, leading the way. Many other digital currencies, called altcoins, have popped up, each with unique features.Bitcoin is a digital currency or cryptocurrency, often called digital gold, which emerged in 2009. Transactions on the Bitcoin network are recorded on a public ledger called the blockchain, ensuring transparency and security. Bitcoin’s value is determined by supply and demand dynamics Its goal was to create a peer-to-peer electronic cash system that allows users to conduct transactions without banks or governments. As the first and most…
[ad_1] Bitcoin (BTC) faced a sharp price drop as the last week of Q2 began. The dramatic decline saw the flagship cryptocurrency momentarily lose its support above the $60,000 level on Monday. Related Reading The drop left many investors wondering whether the bullish rally is over. However, crypto analysts remain optimistic about BTC’s performance and consider the drag down to be part of the quarterly retest. Is Bitcoin Headed For A ‘Chop Summer’? On Tuesday, crypto analyst Jelle made a case for Bitcoin’s bullish momentum. Amid the bearish sentiment from some community sectors, the crypto investor believes BTC’s bull run…
[ad_1] The German government is continuing to actively liquidate portions of its substantial Bitcoin (BTC) holdings, transferring significant sums to various cryptocurrency exchanges and wallets, according to data from Arkham Intelligence. This wave of transfers includes the recent movement of $24 million worth of Bitcoin, underscoring a broader strategy that may be influencing Bitcoin’s current market dynamics. German Gov’t Progresses With Bitcoin Liquidation Strategy On June 25, the Federal Criminal Police Office (BKA), operating a government-labeled cryptocurrency wallet, moved 900 BTC across three separate transactions. Two of these transactions, each involving 200 BTC, were sent to prominent exchanges Coinbase and…
[ad_1] What are the Key Features of ICO Legal Support in 2024?Legal backing for Initial Coin Offerings (ICOs) includes a number of important aspects. All are critical to compliance and a smooth rollout. First and foremost, ICO whitepapers continue to play a crucial role in the industry by offering in-depth information on projects, tokenomics, and regulatory tactics. Token standards and blockchain platforms should be carefully considered to provide a solid technological foundation and regulatory compatibility. To protect investors’ money and ensure compliance with regulations, ICO legal frameworks stress the need to use escrow services and follow KYC/AML processes. To reach…
[ad_1] The Solana bearish price action might be coming to a close, as many cryptocurrencies have started to show mixed price action in the past 24 hours. Dialing the price action further back shows Solana has been mostly bearish and has been on a price decline since the beginning of the month. Notably, the crypto recently reached a 30-day low of $123.96, representing a 29% decline from a monthly high of $174.65. However, some proponents remain undeterred and are still looking forward to a bullish Solana on the long run. Particularly, an interesting prediction from crypto analyst Crypto Patel puts…
[ad_1] As the highly anticipated Chang hard fork approaches, the popular blockchain platform Cardano (ADA) receives increased attention and support from Hollywood celebrity Martin Lawrence. Known for his roles alongside Will Smith in the “Bad Boys” movies, Lawrence has demonstrated growing optimism toward the platform. In a recent social media post, he expressed his enthusiasm for Cardano’s ecosystem, further solidifying his endorsement of the cryptocurrency. Cardano’s Celebrity Connection On June 23, Lawrence took to social media to share a video featuring the Cardano song and the blockchain platform’s founder, Charles Hoskinson. Accompanied by hashtags related to the project, the post…
[ad_1] A closely followed crypto trader believes altcoins are gearing up for a surge after a hefty correction. Pseudonymous trader The Flow Horse tells his 200,300 followers on the social media platform X that altcoins will likely soon soar from their market bottom in a mean reversion. “Putting Bitcoin aside, some of these alts are going to bounce so hard off just normal mean reversion. Might need to put together a shopping list but still feeling kind of apathetic about trading until at least July.” The analyst is also picking Pepe (PEPE) as the memecoin he believes will outperform the…