Blockchain
LUXY-Polygon Studios Strategic Partnership Will Transform the NFT Experience
Florianópolis, Brasil–(Newsfile Corp. – October 26, 2021) – LUXY has recently announced a strategic partnership with Polygon and Polygon Studios. Along with the partnership, LUXY has secured a grant to develop and grow its NFT marketplace and move one step ahead. This partnership is meant to benefit LUXY NFT Marketplace by integrating the features of Polygon Studios and Polygon blockchain. Polygon Studios is a subsidiary of Polygon that focuses on advanced blockchain applications in the domain of gaming and NFTs. With the new segment focused on NFT and gaming, Polygon aims to be an industry leader.
LUXY
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Giving Better Resources to Creators and Artists
LUXY’s partnership with Polygon and Polygon Studios is a way to provide the creators and artists on LUXY gain access to a high-performance platform. The resultant NFT marketplace will have a low fee and work on a scalable platform.
This partnership also comes as a response to the high gas fees that lead to gas wars. Higher gas fees benefit the management but hurt the community. As a response to this high gas fee, LUXY partnered up with Polygon and Polygon Studios.
To their partnership, the head of Polygon Studios said, “We love the look of LUXY! It is very beautiful, very fun to use, and we are really excited about this project.”
Turning LUXY into a Go-To NFT Platform
LUXY is designed to offer a new and better NFT experience to the users. The standard features offer support for GameFi, 3D modeling, Royalty mechanisms, and more. Their partnership with Polygon will further improve the user experience by giving them access to all the features LUXY has to offer but at affordable fees and high accessibility.
About LUXY
LUXY is home to a next-gen marketplace designed to give a refurbished NFT experience to the community. The platform is built on the Polygon blockchain with options to integrate with other blockchains. LUXY offers the basic as well as advanced NFT creation features to the users for developing their own NFTs. The platform operates on its native token $LUXY. The token holders can participate in the decision-making process and help support other creators.
About Polygon and Polygon Studios
Polygon is an interactive and robust blockchain meant to provide Ehtereum scaling and develop the infrastructure for blockchain solutions and platforms. The Polygon Studios is a dedicated platform that caters to the NFT and blockchain-enabled gaming solutions. As a result, the game development and creator community will get more inclusive and specific features to build high-performing assets.
Media Contact
Bradley Stephenson – Public Relations Lead
Email – [email protected]
PR – Cryptoshib.com
Email – [email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/100873
Blockchain
FBI warning against crypto money transmitters ‘appears’ to be aimed at mixers
A recent warning from the FBI regarding a crypto money transmitter seems to be aimed at the Samourai Wallet. This development highlights the increasing scrutiny and regulatory challenges faced by privacy-focused cryptocurrency wallets and services.
The FBI warning raises concerns about the use of certain cryptocurrency wallets that prioritize user privacy and anonymity, potentially enabling illicit activities such as money laundering and terrorist financing. While the warning does not explicitly name any specific wallet or service, the language used suggests that the Samourai Wallet may be the target of the advisory.
Samourai Wallet is known for its focus on privacy and security features, including coin mixing and stealth addresses, which aim to enhance user privacy and protect against surveillance and tracking. However, these features have drawn the attention of law enforcement agencies and regulators, who are increasingly concerned about their potential misuse by criminals.
The FBI warning underscores the challenges faced by privacy-focused cryptocurrency wallets in navigating regulatory compliance and law enforcement scrutiny. While these wallets aim to empower users with greater control over their financial privacy, they must also address regulatory requirements and law enforcement concerns to avoid legal and reputational risks.
As the cryptocurrency industry continues to evolve, privacy-focused wallets like Samourai Wallet will need to strike a balance between privacy and compliance, ensuring that they can provide robust privacy features while also addressing regulatory concerns and maintaining transparency with authorities. This delicate balance is essential to foster trust and confidence among users and regulators alike, ultimately enabling the continued growth and adoption of privacy-enhancing technologies in the cryptocurrency space.
Source: cointelegraph.com
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Blockchain
Pantera Capital Plans to Raise $1 Billion for New Fund Offering Exposure to Crypto Assets
Pantera Capital is reportedly planning to raise $1 billion for a new fund that offers exposure to various crypto assets, as reported by Blockchain.News. This ambitious fundraising initiative underscores Pantera’s continued confidence in the potential of the cryptocurrency market and its commitment to providing investors with diversified investment opportunities in the digital asset space.
The new fund from Pantera Capital aims to capitalize on the growing demand for exposure to cryptocurrencies and blockchain-based assets among institutional and retail investors. By offering a comprehensive portfolio of crypto assets, the fund seeks to provide investors with access to a wide range of investment opportunities, spanning cryptocurrencies, tokens, and other digital assets.
Pantera’s decision to raise $1 billion for the new fund reflects its optimistic outlook on the long-term growth prospects of the cryptocurrency market. With increasing mainstream adoption and institutional interest in cryptocurrencies, Pantera sees significant potential for value creation and capital appreciation in the digital asset space.
As one of the leading blockchain-focused investment firms, Pantera Capital is well-positioned to attract capital from investors seeking exposure to the cryptocurrency market. The firm’s track record of successful investments and its experienced team of investment professionals are likely to bolster investor confidence and support for the new fund.
Pantera Capital’s plans to raise $1 billion for its new fund underscore its commitment to driving innovation and growth in the cryptocurrency market. As the fund attracts capital and deploys it into promising investment opportunities, it is poised to play a key role in shaping the future of the digital asset ecosystem.
Source: blockchain.news
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Blockchain
Existing Blockchains Can’t Adopt Post-Quantum Cryptography Without Significant User Impact, Says Johann Polecsak
Johann Polecsak argues that existing blockchains face significant challenges in adopting post-quantum cryptography without causing substantial disruption to users. This assessment highlights the complex and multifaceted nature of transitioning to new cryptographic standards in blockchain networks.
Post-quantum cryptography refers to cryptographic algorithms that are resistant to attacks from quantum computers, which have the potential to break traditional cryptographic schemes. While post-quantum cryptography offers enhanced security, implementing it in existing blockchain networks poses technical, operational, and usability challenges.
Polecsak suggests that transitioning to post-quantum cryptography could require significant changes to blockchain protocols, consensus mechanisms, and user interfaces. These changes may disrupt existing workflows, require modifications to software and hardware infrastructure, and necessitate coordination among network participants.
Furthermore, Polecsak emphasizes the importance of ensuring backward compatibility and interoperability during the transition to post-quantum cryptography. This is crucial to prevent fragmentation of the blockchain ecosystem and maintain continuity for users and applications.
Polecsak’s assessment underscores the complexities and trade-offs involved in adopting post-quantum cryptography in existing blockchain networks. While the transition promises improved security against quantum threats, it requires careful planning, coordination, and investment to minimize disruption and ensure a smooth transition for users and stakeholders. As the field of post-quantum cryptography continues to evolve, blockchain projects will need to carefully evaluate their options and strategies for implementing these new cryptographic standards.
Source: news.bitcoin.com
The post Existing Blockchains Can’t Adopt Post-Quantum Cryptography Without Significant User Impact, Says Johann Polecsak appeared first on HIPTHER Alerts.
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