Blockchain Infrastructure
News about: Layer 1s & Layer 2s, DePIN and more
Blockchain Infrastructure and Investment Trends
CoinTelegraph | Ana Paula
“It features startups like Lava Protocol, Analog, Helika, Truflation, and Omega, which have secured significant funding. Lava Protocol, for instance, raised $15 million in seed funding for its modular network aimed at facilitating communication between protocols. Meanwhile, RW3 Ventures secured $60 million for a blockchain fund focused on infrastructure and decentralized finance, and Helika raised $8 million in Series A funding for developing AI-powered game management products.”
COTI's Transition to Ethereum Layer-2
CoinDesk | Bradley Keoun
“COTI, a Layer-1 blockchain, has unveiled plans to transform into the "first privacy-preserving Ethereum Layer-2." This strategic shift is aimed at addressing scalability, liquidity, and privacy challenges for Web3 companies and consumers. COTI V2 intends to leverage Garbled Circuits, a cryptographic technology, to perform ten times more efficiently than current Zero-Knowledge (ZK) solutions. The development team has scheduled the devnet release of COTI V2 for Q2 2024”
Digital Assets & Financial Innovations
News About: NFTs, DeFi, Real World Assets (RWA), DAOs, Token Standards
Protocol Village: Mysten Labs, Developer Behind Sui Blockchain, Claims to Achieve 'Linear Scaling'
CoinDesk | Bradley Keoun
“Mysten Labs, the company behind the Sui blockchain, claimed a "landmark achievement in scaling blockchain capacity" known as "linear scaling," according to the team: "During testing and development in a Sui blockchain environment, Pilotfish, a prototype Sui extension, increased throughput by 8x when backed by 8 machines, successfully illustrating the possibility of linear scaling. The latency per transaction decreased as more machines were added, proving the viability of linear horizontal scaling for low latency blockchain transactions for the first time ever on any blockchain.”
Top 10 DeFi Trends In 2024 That Are Shaping The Coming Years
Blockchain Magazine
“Here are the Top 10 DeFi trends to look out for: Crypto Bridges, Traditional Finance Integration, Blockchain Gaming, DEX and AMM Innovations, Governance Tokens, CBDCs, DePIN, Restaking Protocols, Stablecoin innovations, Regulatory clarity.”
Web3
News About: Web3 & DWeb, Decentralized Identity
Social trading platform transforms community engagement into crypto rewards
Coin Telegraph | NIHATCAN YANIK
“Influencer shakes up crypto world by delivering promised multifold growth on the new social trading platform.”
Sequence partners with Google Cloud to simplify Web3 gaming development
Coin Telegraph | TRISTAN GREENE
“Sequence, a Horizon Blockchain Games platform, has entered into a partnership with Google Cloud to bring its full-stack web3 gaming development suite to cloud users. “
Enterprise & Adoption
News About: Corporate Adoption & Public Markets
Blockchain in 2024: The year of institutional adoption
Quant Network | Gilbert Verdian
“Last year it was more important than ever to distinguish crypto from the technology that powers it. Although 2023 was tumultuous for cryptocurrencies – with the heads of several high-profile exchanges facing criminal proceedings, and the UK government announcing its plans to regulate the industry – blockchain technology continued its path towards broader use, with more successful central bank digital currency experiments and the launch of prominent commercial bank digital coins. Our prediction for 2024 is that it will be the year of widespread institutional adoption of this transformative technology.”
Blockchain 2024: Transforming transactions with trust and tokens
Organizer | Asutosh Mohanty
“Blockchain technology is a decentralized, distributed ledger that revolutionizes how we record and manage transactions. At its core, a blockchain is a digital ledger that stores records of transaction. Unlike traditional databases, where a central authority controls the data, a blockchain is decentralized. It’s maintained by a network of computers (nodes) that reach consensus on the validity of transactions. Trust is at its core and tokens can provide ownership.”
Gaming & Metaverse
News About: Gaming & Metaverse
What is the Metaverse in Gaming?
RFT | Orginated Media
“The metaverse in gaming creates a vast, immersive world where players can interact with each other and their environment in ways that mimic real-life actions. This digital universe is crafted using cutting-edge technologies such as virtual reality (VR), augmented reality (AR), and blockchain, enabling gamers to engage in complex, interactive networks of virtual spaces. Here, experiences go beyond conventional gaming, allowing players to live out entire lifespans within these computer-generated environments. Gamers now have unparalleled opportunities for exploration, social interaction, and even earning real-world value through play-to-earn games within these expansive virtual landscapes.”
Forbes purchases land in The Sandbox to revive metaverse hype
Crypto.News | Denis Omelchenko
“Forbes has recently announced its entry into The Sandbox metaverse, claiming a permanent piece of virtual land. Describing the purchase as a testament to its faith in the metaverse‘s transformative potential, Forbes envisions the space as a bustling community hub offering various interactive experiences, workshops, and events.”
Regulation & Compliance
News About: Regulation, Tax Implications, AML/KYC
Crypto Regulations In Turkey In 2024
CoinPedia | Elena R
“Turkey can be called as one of the largest and fastest crypto adopters globally. Over 5 million people currently own crypto in Turkey. Recent data reveals that more than 52% of Turkish adults aged 18-60 now own crypto. As of May 2023, over half of Turkish adults are crypto owners. There is no legal investor protection scheme for crypto assets. The Turkish fintech sector, specially cryptocurrency, has seen some significant growth in 2023. The country is about to introduce its first-ever legislation to regulate the crypto sector.”
New ruling in SEC’s Coinbase insider trading lawsuit comes as a blow to the crypto industry as judge finds secondary token sales were securities
Fortune Crypto | Leo Schwartz
“As the legal debate continues over whether sales of cryptocurrencies constitute securities, all eyes have been on a court case involving a Coinbase employee sharing insider information with his brother and a friend. While the main defendant, former Coinbase employee Ishan Wahi, and his brother have reached settlements with both the Department of Justice and the Securities and Exchange Commission, the friend—Sameer Ramani—remains at large.”