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“# Digital rights management in the open seas of blockchain systems ” To understand the complexity of digital rights management, or DRM, one must first understand the DRM challenges of current systems and then the challenges (and opportunities) presented by blockchain technology that prides itself on transparency, data linkage and immutability as some of the…
“# ENS’ director of operations says that DAO-based governance ‘has always been the plan’ ” On Monday, distributed domain protocol Ethereum Name Service, or ENS, launched its own governance token in an effort to distribute voting rights for its new decentralized autonomous organization, or DAO, to active users of the ecosystem. Cointelegraph spoke with Brantly…
“# ‘In the next three to five years, the DeFi industry will grow massively,’ says 1inch Network co-founder Anton Bukov ” It’s only been two years since its founding, but decentralized exchange (DEX) protocol 1inch Network has already surpassed $85.8 billion in cumulative trading volume. At a May 2019 hackathon in New York City, 1inch co-founders…
“# Nifty News: MADworld partners with Xtreme Pong for NFT drop, CryptoDragons NFTs sell out in 10 seconds and Beeple collector buys Rare Pepe meme NFT for 500K ” Nifty News: MADworld partners with Xtreme Pong for nonfungible token (NFT) drop, CryptoDragons NFTs sell out in 10 seconds, and Beeple collector buys Rare Pepe meme…
“# DeFi protocol Acala raises $400M in crowdloans during first Polkadot parachain auction ” Decentralized finance protocol Acala announced Monday that they have raised 8.5 million DOT (worth $451.8 million at time of publication) from over 53,000 participants. The protocol is also set to win the first parachain auction on Polkadot. Unlike typical crowdfunding rounds, Acala’s…
“# Meme tokens and dogcoins flood the market as price wars heat up ” Meme tokens and dogcoins have been an integral part of the ongoing market-wide bull run in the cryptocurrency markets. Among the plethora of these tokens that have been flooding the market, two of these tokens, the longer-standing memecoin Dogecoin (DOGE) and…
“# Reddit to reportedly tokenize karma points and onboard 500M new users ” American social media giant, Reddit, may soon convert users’ karma points into Ethereum-based (ERC-20) tokens and onboard 500 million new crypto users in the process, according to a newly hired Reddit engineer. A series of tweets made by Reddit engineer, Rahul, highlights…
“# Enegra migrates digitized equity tokens from Ethereum to Polygon blockchain ” Enegra Group, a commodities trading firm based in Malaysia with a net asset value of $28 billion, has migrated its equity-tied EGX security tokens to the Polygon (MATIC) blockchain from Ethereum (ETH). In 2019, Energra tokenized 100% of its equity, enabling shareholders to digitally…
“# Next generation of crypto millionaires: SHIB allows warehouse manager to retire ” A Shiba Inu token holder who invested thousands of dollars in the memecoin in February has partially cashed out to become a stay-at-home dad. According to a Thursday report from Fortune, a 35-year-old supermarket warehouse manager identified only as Rob invested $8,000…
“# Goldman Sachs boosts tokenization efforts with new partnership ” American investment bank Goldman Sachs, a backer of major cryptocurrency firm Circle, is strengthening its tokenization efforts by partnering with the blockchain startup Digital Asset. The partnership enables Goldman Sachs to use Daml, a development framework created by Digital Asset to allow financial institutions to…