Blockchain
Klaytn to be blockchain of choice for gamefi and metaverse in 2022
Public blockchain platform Klaytn is gearing up its infrastructure to be the blockchain of choice for gaming, the metaverse, and the creator economy. Developed by internet giant Kakao Corp in 2019, Klaytn has achieved success domestically through integration with the KakaoTalk messenger app. It is also the blockchain platform for the Central Bank Digital Currency (CBDC) project with the Bank of Korea, by way of private blockchain deployment.
This year, Klaytn is making an aggressive turn toward the metaverse by tuning the entire platform for metaverse use cases. These include AAA games, play-to-earn (P2E) games, non-fungible tokens (NFTs) and supporting defi services for metaverse businesses. Klaytn is well-positioned to succeed in this emerging space given the strength of its 31 Governance Council members in blockchain, social networks, digital assets, gaming, and entertainment.
To pursue this vision, Klaytn will be creating an integrated onboarding process for metaverse builders to easily implement their games and virtual communities on the network. These are some initiatives that will be rolled out this year:
- Launching a game developer package which includes a set of Klaytn L2 solutions, a curated list of open source tools, as well as a Software Development Kit (SDK)
- Supporting Ethereum equivalence in Q2 2022 so EVM-based dapps can onboard without any modification
- Community co-building efforts to promote user growth of individual projects
- Management and financial support for projects with high global potential
Klaytn will also be making the following improvements to the mainnet:
- Higher scalability by leveraging L2 service chains
- Enhancements to token management tools and oracle function
- More reliance on bridges for interoperability with other blockchains
- Integrating an IPFS (Inter-Planetary File System) gateway for decentralized storage
- Implementing a smart contract library
“Given the popularity of video games within Korea and the strength of K-culture globally, Klaytn’s vision to be the blockchain of choice for games, especially AAA games, is not impossible,” says Dr. Sangmin Seo, Director at Klaytn Foundation. Prior to joining Klaytn Foundation, Dr. Seo served as the CTO of Ground X, the software development affiliate of Kakao that created Klaytn.
“There is no other blockchain in the world now that is tuned specifically for the metaverse, gaming, and the creator economy. Our vision is ambitious, and definitely achievable. We look forward to seeing the other blockchains catch up with us,” says David Shin, Head of Global Adoption at Klaytn Foundation.
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Blockchain
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:
BlackRock ETF Embraces Blockchain with First Muni Bond Purchase
BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.
By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.
Source: Yahoo Finance
Plume Secures Funding for Tokenization Platform
Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.
Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.
Source: Fortune
SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips
SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.
As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.
Source: The Quantum Insider
Deutsche Bank’s Public, Permissioned Blockchain Initiative
Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.
The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.
Source: CoinDesk
KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands
Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.
By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.
Source: PR Newswire
Industry Implications and Key Takeaways
Today’s developments highlight the transformative potential of blockchain across multiple domains:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.
The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.
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