Blockchain News

The blockchain protocol Algorand announced a technical upgrade to expand its smart contracts functionalities, allowing one smart contract to call another. Due to this option, developers can build more sophisticated apps. The upgrade also provided a new infrastructure that allows the protocol to...

Ethereum-based virtual environment The Sandbox has revealed a cooperation with Cube Entertainment, a Seoul-based record label/talent management firm. With this step, The Sandbox will boost K-culture content, focusing on metaverse and non-fungible token possibilities. Animoca Brands, the company...

The Securities and Exchange Commission studies the NFT (non-fungible token) market to see whether the sales comply with the agency's rules. A Bloomberg report, citing people familiar with the subject, says that the focus of the probe is to see if certain NFTs and digital assets can be used to...

An early-stage venture capital company, looking to invest in crypto, blockchain, fintech, and marketplaces, Electric Capital announced raising $1 B. The VC will use the funds to invest in programmable money and web 3. The sum includes a $400 M fund closed the previous year and $600 M raised last...

Animoca Brands, leading gamification, blockchain, and AI company makes its services unavailable for Russian users as the number of sanctions against the country is increasing for invading Ukraine. In an interview with Bloomberg, Animoca co-founder Yat Siu said that the step will affect subsidiaries...

Last week, Colorado capital Denver hosted the 5th annual Ethereum-focused hacking and networking event ETHDenver. The summit welcomed over 12,000 people from different countries, which is the record number of the event's attendees. From February 11 to 17, the kickoff and the...

A group of crypto community members formed a DAO (Decentralized Autonomous Organization) to acquire National Football League team Denver Broncos. The team announced officially that it is up for sale and that the expected amount of the deal is over $4 bln. Therefore, the DAO with the name 'Buy the...

A report by the decentralized applications platform DappRadar reveals that in January blockchain apps attracted $1 bln. The data show that the GameFi section has been growing. Investments in the sector have reached their peak. Investments include the $300 M investments in OpenSea, which might not...

Kickstarter has revised plans to move to a blockchain protocol and move towards the crypto space after a backlash from the community. In December, the team announced the development of an open-source solution for running the platform in a decentralized environment. “We think that using everything...

The Algorand Foundation announced a $10 M grant as a reward among teams that will study and speed up the work needed to provide EVM compatibility on Algorand. With the upgrade, Algorand will support smart contracts written for Ethereum, thus opening up more DeFi opportunities and at the same time...

Multinational investment bank JP Morgan's Onyx platform launched a lounge in the metaverse, based on the blockchain-powered virtual world Decentraland. The platform has its native utility token MANA, which at the moment trades at around $3.3. Users can buy virtual lands, and items using crypto...

The leading video sharing site Youtube released a blog post on behalf of Chief Product Officer, Neal Mohan. He presented what improvements and features were added in 2021, what is new and what tools and features to expect. Plans of the company include introducing new insights for video creators and...

Ethereum offchain scaling solution Optimism revealed that there was found a vulnerability in the codebase by software engineer Jay Freeman (saurik), who reported the issue. The bug would enable a hacker to print assets on any chain via a fork of go-ethereum. Optimism patched the bug, and awarded...

Luxury fashion house Gucci opened a shop in the virtual environment through the blockchain-powered decentralized gaming metaverse, The Sandbox. The amount of the deal isn't known. Gucci's virtual platform, Gucci Vault will provide an engaging fashion experience. The space is visualized by the...

Vitalik Buterin shared his views of how rollups will scale the Ethereum network, and what additional solutions can be executed. According to Buterin, rollups are in the short and medium-term, and likely in the long term the only trustless scaling solution for the protocol. Rollups provide...

Shibarium, the Layer 2 scaling solution for the Shiba Inu, will be launched soon. It is expected to go live in the first half of 2022. However, the official date wasn't announced yet. According to the 2022 roadmap of the public/private blockchain ecosystem, Unification Foundation, developers are...

The Treasury Department of the USA issued a report on NFTs, saying the assets include financial crime risks, and recommending possible solutions. Based on a recent study by the Treasury, the high-value art market presents money laundering and terror finance risks. The report also looked into the...

Benedetto Vigna, the CEO of leading sports car manufacturer Ferrari, said during the earnings call of the fourth quarter of 2021 that the automaker is looking at opportunities for growth in the metaverse. The executive said it's important to explore how new technologies can help the brand. Vigna...