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eToroX Develops Code to Tokenize Assets on Libra Blockchain

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Facebook’s Libra project marks a seismic moment for global finance. As the dust begins to settle after Tuesday’s announcement, both the crypto and traditional finance industry are busy grappling with the challenges and opportunities presented by Libra.

eToroX Labs Blockchain Science team, comprising Chief Blockchain Scientist Dr. Omri RossPeter Emil Jensen, and Johannes Rude Jensen, was quick off the mark to investigate how eToro’s tokenized assets (and the technology behind them) would work on Libra’s initial prototype, and how well it suited the existing specification.

Dr. Omri Ross, eToro’s Chief Blockchain Scientist, comments: “The prototype of the Libra blockchain – the testnet – launched on Tuesday and is in beta mode until the launch in H1 2020. We were excited to explore a test implementation of eToro’s tokenized assets on Libra in Move IR.”

By exploring Libra’s capabilities, and using Move IR (the intermediate representation of what will eventually be the final programming language), they successfully managed to implement an initial version of eToros tokenized assets on the Libra Network.

Using a previous specification targeting the Ethereum blockchain, the team wrote and executed a basic implementation for creating digital assets (tokenization capabilities) on Libra.

Top two takeaways:

  1. In Move, resources (data structure types) cannot be moved or copied — an extremely constructive and beneficial capability, especially for digital assets, since it prevents accidental duplication and loss.
  2. Contrary to other blockchain languages, Move does not allow publishing data on behalf of other users. Because of this, it requires users to acknowledge this beforehand, thereby giving users full control of which data is associated with them.

“We applaud the early initiatives of the Libra team in designing Move IR, and are excited to follow the development in the near future. The combination of the many qualities associated with the Rust programming language and the HotStuff consensus algorithm is a promising direction in a rapidly maturing industry,” concludes Dr. Omri Ross.

Created in 2019, eToroX Labs is a hugely talented team at the forefront of blockchain exploration and innovation. Led by Professor Omri Ross, eToro’s Chief Blockchain Scientist, it acts as an internal innovation unit within eToro tasked with the research and development of infrastructure for the representation of assets and the execution of trade processes on blockchain infrastructure.

 

SOURCE eToro

Blockchain

Revolutionizing Fintech: 6G Digital & Rune Nilsson’s FlexM Global in a Bold $12.5M Deal Shaking the Banking Industry

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Teletubbies Digital Companions to Launch on the Tezos Blockchain

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MetaPals, an AI digital companion platform, is partnering with WildBrain’s beloved Teletubbies to bring together cherished childhood memories and the innovative digital era with the launch of the Teletubbies AI digital companions on 20 April, 2024.
As Teletubbies commemorates its 27th anniversary on 31 March, the collaboration marks the beginning of an exciting array of renowned IPs joining the ‘MetaPals Multiverse’ in 2024. Through the use of AI and blockchain technology powered by Tezos, much loved Tinky Winky, Dipsy, Laa-Laa, Po, and even Noo-Noo have become personalized, evolving digital companions within the MetaPals browser extension game engine.

The Teletubbies characters integrate with users’ daily browsing experience that accompanies users across the web, offering both playful interactions and practical assistance. This technology not only brings these fun characters to life in new, interactive ways, but also helps to enhance the mental well-being of users by fostering a sense of companionship.

Each Teletubbies companion within the MetaPals Multiverse will exhibit unique personality traits, offering users a diverse and dynamic experience. With personalities distributed across 5000+ Teletubby companions along a spectrum, users are guaranteed a one-of-a-kind experience, ensuring enjoyment for all and opportunities to foster new connections with this nostalgic brand.

Max Giammario, CEO of MetaPals, said: “Through this collaboration we’re not just revisiting Teletubbyland, we’re reinventing it for the digital age. By weaving in AI and blockchain, we enable the Teletubbies characters to evolve, interact, and form unique bonds with users, embodying our vision of dynamic digital companionship. With a bit of ‘MetaPals magic’, the Teletubbies are exploring beyond the hills and far away, ready to play, in ways we’ve never imagined.”

Melissa Goodrich, Director, Franchise Strategy at WildBrain, said: “We’re excited to see our colorful quartet come to life in new ways through this unique digital experience for fans. As we celebrate 27 years of the perennially popular Teletubbies franchise, this latest collaboration encapsulates the essence of childhood nostalgia while embracing the limitless possibilities of the digital age.”
Jason Lim, TZ Apac Games Adoption Team for the Tezos Ecosystem, said: “MetaPals will be pioneering the convergence of iconic IPs such as Teletubbies with the limitless possibilities of the Tezos blockchain. I can’t wait to see the magic they are brewing up next.”

The post Teletubbies Digital Companions to Launch on the Tezos Blockchain appeared first on HIPTHER Alerts.

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Alarum Announces Exciting Events Lineup and Welcomes Esteemed Advisor to NetNut’s Advisory Board

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