Blockchain
RMRK Launches Unique NFT Project, Dino X Dino, on Its Kusama Based Platform Singular
Zug, Switzerland–(Newsfile Corp. – October 28, 2021) –
RMRK Launches Unique NFT Project, Dino X Dino, on Its Kusama Based Platform Singular
Kanaria are multi-resource NFTs with different user-selectable outputs that can own, trade, and equip other compatible NFTs to alter their appearance and functionality. These same functions will be available to the Dinos hatching from the Dino x Dino eggs, even going as far as bridging NFTs from one project’s universe with the other, merging two incoming metaverses.
“The Kanaria model proved incredibly successful in that it attracted NFT collectors, speculators, builders, and artists, helping us achieve maximum decentralization of holders, not just in numbers of addresses holding the birds, but also in their interests. We’re confident that Dino x Dino’s excellent art style and ambitious goals align perfectly with our own, and we’re extremely excited to merge our universes on RMRK’s advanced standards,” says Bruno Å kvorc, RMRK Founder.
During the fundraising phase, the RMRK team secured buy-in from all the Kusama parachain candidates for the eventual integration of RMRK’s pallets into the respective chains’ runtime logic. This means that 2022 will see a brand new multi-chain standard emerge, built around cheap, seamless, and effective cross-chain teleportation of non-fungibles in the Polkadot ecosystem, and with RMRK’s recent forays into Solidity, outside it as well.
This potential of a multi-chain future from day 1 makes launching on RMRK very appealing to projects like Dino x Dino, and other upcoming launches.
About RMRK
The RMRK protocol is a system of NFT Legos which allows developers and designers to build composable, equippable, multi-resource NFTs which are multi-chain by default by virtue of being launched on Kusama, the center of a multi-chain universe. The NFTs can visually change based on other NFTs they own, but these NFTs are also eternally liquid and forward-compatible in that they can be made equippable by unrelated future projects that aren’t even planned yet.
With RMRK tokens in the hands of the community, the protocol is to NFTs what Ethereum was to Bitcoin – a paradigm shift that takes a single thing’s single use-case and dramatically augments it.
To learn more about RMRK, please watch this introductory Crowdcast, or contact the team at [email protected].
Media Contact:
CEO name: Bruno Škvorc
Email: [email protected]
Company: RMRK
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/101142
Blockchain
Saakuru Leads the Gasless Blockchain Revolution, Disrupting the Industry
Saakuru has recently achieved significant milestones in its development, positioning itself as a leader in the gasless blockchain revolution that is reshaping the industry. Within just nine months of its launch, the consumer-centric L2 protocol has entered the top 5 brands in its niche and records over 1.44 million weekly users, according to data from DappRadar.
The project is gearing up for the official launch of its Saakuru token ($SKR) by the end of April, supported by a successful private funding round that raised $2.4 million. Saakuru Protocol stands as a pioneering advocate of gasless technology, aiming to accelerate the adoption of Web3 into the mainstream by enhancing the user experience and reducing costs for both developers and end users.
Unlike traditional blockchain networks, which often suffer from high gas fees and security issues, Saakuru Protocol leverages Oasys High-Speed Optimistic Rollups to create a public-permission, gas-less L2 blockchain. This innovative approach eliminates gas fees, improves user experience, and introduces new tokenomics models, enabling the development of versatile decentralized applications with higher security standards, cost-effectiveness, and ease of use.
The Saakuru token serves as a multi-purpose token within the protocol, providing utility and governance. Its advanced burning mechanism gradually reduces the token supply while potentially increasing its value. The token is integrated into all operational layers of the Saakuru protocol:
1. Developer Layer (Saakuru Labs): Provides products and services with proprietary business models, burning 10% of profits.
2. DeFi Layer (Taffy DEX): Utilizes Taffy DEX technology, where 0.005% of transaction fees are converted to SKR tokens and burned.
3. Governance Layer: Enables token holders to participate in protocol governance, with 5% of tokens used for governance initiating the review process being burned.
4. Protection Layer: In the event of triggering the protection mechanism, SKR tokens are burned, with 3% of saved tokens being burned.
Through these innovative features and layers, the Saakuru token and protocol aim to drive adoption, enhance functionality, and provide sustainable value for users and stakeholders alike in the evolving blockchain landscape.
Source: finance.yahoo.com
The post Saakuru Leads the Gasless Blockchain Revolution, Disrupting the Industry appeared first on HIPTHER Alerts.
Blockchain
RFK Jr. Proposes U.S. Budget Transparency with Blockchain
RFK Jr.’s innovative proposal seeks to revolutionize how the American public interacts with the national budget, leveraging blockchain technology to provide unprecedented levels of transparency and accountability.
Under this plan, every detail of the U.S. budget would be recorded on a blockchain ledger, accessible to the public 24/7. RFK Jr. highlighted the transformative potential of blockchain by emphasizing that “Every American can look at every budget item in the entire budget, anytime they want, 24 hours a day.” This approach aims to engage citizens in the fiscal management of the country, with the goal of ensuring that every dollar spent is visible and accountable.
The proposal promises several significant benefits. Firstly, it could substantially reduce corruption and misuse of funds by enabling real-time monitoring of budget allocations. Secondly, it could strengthen the relationship between citizens and their government, potentially fostering greater trust and civic engagement.
However, implementing such a system presents challenges. One major obstacle is the immense amount of data involved in transcribing the entire national budget onto a blockchain. This requires a highly robust and scalable blockchain infrastructure. Additionally, ensuring universal access and usability of this technology for all Americans may require extensive educational initiatives and improvements in digital infrastructure.
Moreover, there are concerns regarding privacy and security. While blockchain offers inherent security features, the continuous updating and review of vast amounts of data could pose vulnerabilities that need to be addressed to prevent breaches.
Nevertheless, the potential benefits of RFK Jr.’s proposal are compelling. If successful, it could serve as a model for other nations, demonstrating how blockchain can enhance transparency and public participation in government. Ultimately, this initiative has the potential to redefine the standards for accountability and transparency in government spending, marking a significant step forward in the management of public resources.
Source: altcoinbuzz.io
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Blockchain
$60 Million USDT Already Issued On TON, Great Start, Says CEO
Tether (USDT), the world’s largest stablecoin, has swiftly entered The Open Network (TON) with $60 million worth of USDT already deployed on the blockchain.
The collaboration between Tether and the TON Foundation was announced just two days earlier at the Token2049 conference in Dubai.
USDT’s Strong Start on TON
Within a short span, $60 million worth of USDT has been issued on The Open Network (TON), positioning the blockchain as the 11th largest out of 16 blockchains supporting USDT. This significant milestone follows Tether’s announcement of its partnership with the TON Foundation during the Token2049 conference. Tether’s CEO, Paolo Ardoino, expressed satisfaction with the collaboration, initially reporting $35 million worth of USDT issuance, which has since been updated to $60 million in the Tether Transparency Report.
This integration holds considerable implications for Telegram users, offering instant and free cross-border payments. With USDT now available on TON, users can seamlessly conduct transactions without requiring a blockchain address or downloading separate applications. Telegram emphasizes that this integration will streamline money transfers, likening it to sending a direct message.
Fully Integrated On-Ramps
USDT on TON will seamlessly integrate with major fiat currencies, ensuring convenient on-ramping for users. Additionally, plans for off-ramping functionalities are underway, enabling users to convert USDT back to their preferred fiat currency and withdraw it to their bank account or card. Despite TON’s recent addition, a significant portion of USDT’s $109.8 billion circulating supply remains on the Tron Network, accounting for around $57 billion, followed by Ethereum with approximately $51 billion in USDT. Ethereum’s share has decreased as Tether seeks to mitigate Ethereum’s high network fees. Meanwhile, Solana hosts $1.9 billion worth of USDT.
Market Dominance
USDT continues to dominate the stablecoin market, holding an impressive 69% share valued at approximately $159.5 billion. Its closest competitor, Circle’s USD Coin (USDC), commands around 21% of the market, with $33 billion in circulation. The announcement also sparked a positive reaction in the price of Toncoin (TON), witnessing a 22% increase initially, although it quickly reverted to previous levels. Currently, TON is trading at $6.16, representing a 1.59% decline over the past 24 hours.
Source: cryptodaily.co.uk
The post $60 Million USDT Already Issued On TON, Great Start, Says CEO appeared first on HIPTHER Alerts.
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