Aurelia Butler

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    Gaming Ecosystem Myria Launches Its Ethereum Layer-2 Scaling Solution

    Developer and Gamer-Focused Products
    The team states that the Myria Layer-2 launch will include a full suite of developer and gamer-focused products, including Myria Developer SDK, Myria Wallet, and NFT marketplace, enabling creators and users to unlock the protocol’s scalability benefits. Myria is inviting the game companies to join and build on their Layer-2 solution. Myria’s Layer-2 utilizes Zero-Knowledge Rollup (ZK-Rollup) technology to bundle large numbers of transfers into a single transaction to facilitate up to 9,000 transactions per section (TPS), a striking difference from less than 50 TPS on Ethereum. The Myria Developer Solution takes an API-first approach, simplifying complex blockchain interactions with Myria’s set of REST APIs and SDKs. The developers will benefit, as this solution will enable the launch of any NFT project, such as a blockchain game, in a matter of hours without the need to know blockchain coding languages like Solidity. Blockchain gaming and NFT users can create their Myria wallet with “one-click” and mint, trade, and transfer NFTs instantly with zero gas fee and 100% carbon neutral. Myria’s stellar team now has more than 150 employees, made up of gaming and blockchain industry veterans bringing in experiences from Ubisoft, EA, Riot Games, Blizzard Activision, Tencent, Chainlink, BitMex, and more. Myria has recently partnered with Leapblock Studios to create Moonville Farms, a play-and-earn NFT game, which will launch on Myria’s L2 scaling solution in the coming weeks. Myria is also in partnership with cricket legend AB de Villiers to create his debut play and earn mobile game, Mr 360 Cricket, which is expected to onboard billions of global cricket fans to blockchain gaming. Continue reading on DailyCoin More

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    Fireblocks launches Web3 Engine support on Solana

    Beginning Tuesday, Fireblocks users will have direct access to Solana’s various decentralized finance (DeFi) and Web3 applications — a move the company says will directly benefit “alternative asset managers” and “capital market participants.”Continue Reading on Coin Telegraph More

  • 138 Shares189 Views

    in Economy

    Fed's Barkin: no need for possible U.S. recession to be 'calamitous'

    (Reuters) – The U.S. Federal Reserve’s commitment to raising interest rates in order to bring inflation back down to its 2% goal will not necessarily result in a severe economic downturn and brings some benefits, Richmond Fed President Thomas Barkin said on Tuesday.”A recession is obviously a risk,” Barkin said during an event at the Huntington Regional Chamber of Commerce in West Virginia. “It doesn’t have to be like a 2008 recession. It doesn’t need to be calamitous, we’re out of balance today…returning to normal might actually mean products on shelves, cars on lots and restaurants fully staffed.” More

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    in Economy

    ECB must swiftly normalise rates; neutral may not be enough, Knot says

    The ECB raised its deposit rate by 50 basis points to zero in July and a similar move was expected for September until recently, but a host of policymakers, including Knot, made the case for discussing a larger, 75 basis point increase as well.”A swift normalization of interest rates is an essential first phase, and some front-loading should not be excluded,” Knot told a Danske Bank event. “The broadening and deepening of our inflation problem generates the need to act forcefully.”When asked about his preference for the move, Knot hinted that he was leaning towards 75 basis points but still wanted to review data and discuss with colleagues.In the first step, the bank should get rates back to the neutral level – somewhere between 1% and 2% – this year but Knot said he was “not convinced” that this will be enough and restrictive policy may be needed. At 8.9%, inflation is already more than four times the ECB’s 2% target and could exceed 10% in the coming months, raising the risk that even longer term expectations move higher as businesses and households start to doubt the ECB’s willingness or ability to control prices.Knot himself argued that there were upside risks to inflation, including from higher food and energy prices, a weaker euro, copious budget spending and rising expectations. A recession, increasingly considered the baseline given the loss of gas supplies, would weigh on price pressures but Knot argued that this alone would not be enough.One issue is that given the scarcity of labour, firms are likely to “hoard” labour in the initial phase of a downturn as this would be less costly than struggling to find workers later. “Even if this slowdown were to materialize, this in itself is unlikely to bring inflation back to our objective over the medium term,” he said.While it was uncertain where rate hikes should end, Knot argued that the ECB should just keep raising rates until the inflation outlook becomes consistent again with the ECB’s symmetric target.As part of policy normalisation, the bank should also consider reducing its balance sheet after trillions of euros worth of bond purchases over the past decade.A reduction in the bank’s balance sheet could come from the less than full reinvestment of funds maturing in the recently discontinued Asset Purchase Programme but this would be “very gradual”.Talks over a balance sheet reduction could start in October or December, Knot said. More

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    in Cryptocurrency

    Wanted Turkish crypto exchange founder detained in Albania

    According to a report by Cointelegraph Turkey, Özer is currently held in custody. After initial questioning, the Turkish embassy in Tirana will be informed by local authorities. Both the Turkish Ministry of Internal Affairs and the Albanian government are working together on the case.Continue Reading on Coin Telegraph More

  • 138 Shares109 Views

    in Cryptocurrency

    Ethereum (ETH) Scaling Solution, Arbitrum Schedules August 31 For Nitro Upgrade

    Arbitrum Reaffirms Nitro Launch DateIn a tweet on August 29, the Arbitrum team reaffirmed that the “Nitro” update will go live on the mainnet on August 31 at 10:30 AM Eastern Time. However, Arbitrum notes that there will be a two to four-hour network outage period during the upgrade.Offchain Labs, the creators of Arbitrum first announced the launch of Nitro on August 4. Arbitrum says the Nitro upgrade will solve some major issues of the network and introduce more innovative features.What to Expect from Nitro?Arbitrum was built with the optimistic roll-up technology, and Nitro will be deployed with the second-generation version of the technology. The second-gen roll-up technology will help scale the efficiency of the Arbitrum. The upscaling will help Arbitrum in facilitating fast transaction processing for the users on the network. Nitro will also streamline the cross-communication channel between Ethereum and Arbitrum. In addition, Nitro promises to reduce Ethereum’s transaction fees even further than Arbitrum already has as a layer-2 scaling solution. The upgrade will also improve fraud proofs, update sequencers, token bridges, and call data compression mechanisms of Arbitrum.On the FlipsideWhy You Should CareBy improving its scalability, token bridges, and further reducing transaction costs, Arbitrum looks to attract even more users into the DeFi ecosystem.To find out how Arbitrum works, read:Layer 1 vs Layer 2: Understanding How Blockchain Scaling Solutions WorkNitro comes before the Ethereum merge. Read about the merge below:The Merge Is Coming: Ethereum Foundation Announces Date for the Mainnet UpgradeContinue reading on DailyCoin More

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    in Cryptocurrency

    DecentWorld’s Pursuit to Redefine Advertising in the Metaverse

    DecentWorld, a Swiss-owned metaverse, has recognized this as an opportunity by placing metaverse Billboards around the recently launched 3D Downtown Dubai and enabling businesses to showcase their logos and videos on the city’s most famous buildings. Making Interactivity and Familiarity Essential
    As Covid-19 has posed an array of great challenges, it has also fueled the thriving development of e-commerce all around the world. In a relatively short time, many businesses were forced to rethink and restructure their business strategies so that they could secure their placement on the market and survive the challenges posed by unpredictable circumstances. The metaverse as a concept is relatively new, and projects that are interested in incorporating e-commerce into the metaverse need to put efforts into making the platform as user and business friendly as possible. DecentWorld has taken this into account by creating a familiar virtual 1-to-1 copy of the whole globe and focusing on interpreting how buildings and streets look in real life.Inclusive at Its Core
    One other key aspect that needs to be in place in order to facilitate virtual shopping is the hardware. As the metaverse is still a relatively new concept, technological developments are still catching up in order to bring users the highest quality. DecentWorld’s team, conscious of the fact that not all potential users have VR headsets at their disposal, has decided to create a desktop version of the metaverse, which can be accessed from anyone’s computer and from any place in the world.The innovative metaverse platform is also enabling the possibility for further integrations that will allow for the creation of virtual shops, exhibitions, and other activities for users. The biggest advantage of having a shop in the metaverse is for users to be able to see the product in 3D. About DecentWorld
    DecentWorld is a Swiss metaverse digital real estate platform built on blockchain technology to introduce a next-generation web3 experience. The platform allows members to purchase and trade digital Street NFTs, which can then be combined into Collections. Completed and staked Collections have additional value as they generate yield that is paid out to the owner. Using state-of-the-art security features, DecentWorld also stands for trust and transparency in the blockchain industry.To fully explore our metaverse, please visit www.decentworld.com.Follow our latest updates on Twitter (NYSE:TWTR), Telegram, Instagram, LinkedIn and Facebook (NASDAQ:META).For further inquiries & talent outreach, please message [email protected] reading on DailyCoin More