Blockchain
MultiversX Snap Brings On-chain 2FA to MetaMask
MultiversX, one of the most popular non-EVM blockchains, has announced the launch of its MultiversX Snap on MetaMask. This Snap brings MetaMask users access to the MultiversX ecosystem and an added layer of security via 2FA. MetaMask Snaps are audited add-ons developed by third-parties that users can install in their MetaMask wallet for extended functionality.
MultiversX’s 2FA layer has made it to the largest wallet provider. The feature logic is embedded into the sharded protocol itself, which makes it compatible with all apps and wallets within the ecosystem; now accessible to MetaMask users too.
“The MultiversX Snap offers an important preview of what the Sovereign Chains SDK for next-gen L2s will bring to the entire Web3. It facilitates accessibility to the MultiversX ecosystem, its opportunities and innovations, providing MetaMask users with an integrated experience to most of our recent developments,” said Lucian Mincu, CIO of MultiversX Labs.
In 2023 alone, 324,000 users fell victim to crypto phishing scams, with losses of over $300 million in crypto assets. Evidently, the Web3 industry continues to face ongoing cybersecurity risks at the expense of everyday users. Yet, many available self-custody solutions exacerbate the problem by shifting full responsibility onto users. MultiversX’s on-chain 2FA solution, also known as the Guardians, has been developed in response to this growing challenge. With thousands of users globally, the on-chain 2FA solution serves as a wall preventing attackers from stealing one’s funds even if the secret phrase has been compromised.
The Guardians has been publicly tested in incentivized events and community initiatives. Notably, a community initiative EGLDHeist has shared the secret seed phrase of a wallet holding a 5-figure bounty. Due to the on-chain 2FA layer, the funds are still intact to this day despite the public X post reaching 5.7 million views.
The on-chain 2FA solution is based on a multi-signature scheme, as it requires a secondary confirmation for transaction signing, but without the added complexity to the user experience that usually comes with it. MultiversX’s on-chain 2FA solution leverages familiar tools like Google and Microsoft authenticators. As a result, users are not burdened with migrating to new addresses or managing additional seed backups or multiple wallets. Additionally, the Guardians has several protection measures in place that protect wallet owners even if they lose their authentication key.
MultiversX’s on-chain 2FA solution is not directly available on the Ethereum network or EVM-based chains. However, the new Snap from MultiversX on MetaMask offers the fastest and least friction way to access the ecosystem and its unique innovative features, which are largely focused on improving user safety and the overall experience with decentralized tech.
The post MultiversX Snap Brings On-chain 2FA to MetaMask appeared first on HIPTHER Alerts.
Blockchain
Everdome and Alpine Web3 Redefine Fan Engagement with Bold Metaverse Vision
Alpine Web3 and Everdome are joining forces to push the boundaries of fan engagement through immersive digital experiences. Building on Alpine’s storied motorsport legacy, this partnership will bring fans closer to the action with metaverse pop-up spaces and interactive events.
As Alpine Web3 shifts its focus beyond motorsport, this collaboration aims to redefine sports marketing by merging the physical and digital worlds, offering fans a dynamic and innovative way to connect with their favorite teams and events.
Alpine is a brand with a long and successful history, founded in 1955 by Jean Rédélé and quickly building success across multiple motorsports disciplines. With titles across multiple motor racing disciplines such as the World Rally Championship, 24 Hours of Le Mans, success in F1® racing and the FIA WEC Endurance World Championship, Alpine has constantly innovated for success.
Now Alpine seeks to expand their innovation beyond motorsport, looking for ways to engage new audiences with experiential sports marketing as the real and digital worlds converge.
This two-way partnership will see Everdome work on a variety of experiential Alpine focussed destinations, kicking off with a series of metaverse pop-up spaces for Alpine Web3, released to coincide with the major sporting events across their race calendar, from Formula One® and beyond.
Everdome will also create interactive events with Alpine Web3 and their partners, allowing global audiences to take one step closer to the action as we explore the future of sports fan engagement together.
Last year, Everdome and Alpine first collaborated with an exclusive metaverse AMA with their F1® driver Pierre Gasly and Binance Fan Token, creating an interactive event where the audience could join with their avatar-likenesses inside a unique environment, bringing them closer to their racing heroes inside a digital world.
“Experiential marketing is on the rise as audiences react positively to immersive, interactive experiences which bring a feeling of deeper involvement with their sporting teams and heroes.’’ said Artur Kaczmarczyk, Chief Growth Officer for Everdome. “This new partnership will explore a future of sports fan engagement, creating a series of activations across the motorsports racing calendar to let global Alpine fans feel closer to the team, drivers and brand.’’
Beginning with metaverse spaces highlighting images and videos from Alpine inside fully interactive, avatar-led digital environments, Everdome will go on to create a dedicated and permanent metaverse footprint for Alpine Racing inside their digital headquarters, showcasing their glorious history, exciting present and promising future.
“This collaboration with Everdome underlines our commitment to constant innovation through leveraging the latest technology”, said Guillaume Vergnas, Head of Merchandising, Licensing, Esports & Web3 at Alpine. ‘’Motorsport has always been about passion, spectacle and interaction, and with Everdome we seek to allow audiences a taste of the spectacle in a novel digital world.’’
Everdome will introduce their large community of web3 followers and metaverse pioneers to Alpine’s exciting web3 ecosystem, paving the way for some exciting cross-project collaborations, activations and more across 2024 and beyond.
The post Everdome and Alpine Web3 Redefine Fan Engagement with Bold Metaverse Vision appeared first on HIPTHER Alerts.
Blockchain
Blockchain Technology Market Size to Achieve USD 1,879.30 Billion by 2034
Blockchain
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