Blockchain
Opera Takes a Giant Leap Into Web3, Integrates Solana, Polygon, StarkEx, and Others
Opera, the company behind the world’s first native web3 browser with built-in crypto wallet, today announced adding support for several major blockchain ecosystems, including Solana, Polygon, StarkEx, Ronin, Celo, Nervos, IXO and Bitcoin.The tens of millions of active Opera users can benefit from blockchains and decentralized apps (dapps) and services within eight different blockchain ecosystems. From now on, users get access to the vast ecosystem of Polygon or Solana dApps or the benefits of Layer 2 DeFi via StarkWare-powered DiversiFi. They can also tend to their Axies by accessing Ronin.
Notably, today’s launch also extends access to PoS blockchains and Ethereum Layer-2 ecosystems: Polygon and StarkEx. By gaining entry to these blockchains, users can benefit from lower gas fees and faster transactions while minimizing their carbon footprint and still leveraging Ethereum’s robust decentralization and security.
The integration of multiple blockchains and notably Layer 2s is a key strategy in Opera’s mission to remain chain agnostic and seamlessly onboard millions of users to Web3 and to do so in an environmentally-conscious way.
“Ever since we started in the Web3 space in 2018, we’ve been sealing partnerships with the most popular and cutting edge blockchains and web3 domain name providers in order to accelerate crypto’s evolution from proof of concept towards mass adoption. Ultimately, Web3 is on its way to becoming a mainstream web technology and users won’t need to know they’re interacting with it. They need to get a superior user experience and a true benefit,” said Jorgen Arnesen, EVP Mobile at Opera.
In mid January 2022, Opera shipped the first public beta version of its new Crypto Browser Project on mobile and desktop. The Crypto Browser Project provides the ultimate, all-in-one, fully-dedicated Web3 browsing experience. Although Opera originally launched the first web browser with an integrated cryptocurrency wallet and basic Web3 support back in 2018, the Crypto Browser Project which includes a built-in dapp support, a non-custodial crypto wallet, as well as Crypto Corner, marked the beginning of a new journey towards a dedicated Web3 browsing experience with the aim of accelerating the evolution of the next generation of the Web. This is now coming to life.
Integration with Polygon is a key strategy in Opera’s mission to seamlessly onboard millions of users to Web3 and to do so in an environmentally-conscious way. Polygon’s fast, scalable, and ultra-low fee environment has made it one of the most popular Ethereum scaling solutions among users and developers alike. With Ethereum gas fees surging to unsustainable levels, the browser developer has moved quickly to integrate the project and allow a direct and efficient way for users to interact with Polygon.
By contrast, once assets are sent to Polygon’s Proof-of-Stake (PoS) chain, the carbon impact becomes virtually negligible for asset minting and transferring. Polygon consumes just 0.00079 terawatts (TWh) of electricity per annum, making it more than 90% less energy-intensive than Ethereum layer-1. For example, minting a single NFT on Polygon produces roughly the same amount of CO2 as driving 0.26 kilometers.
From metaverse platforms, such as Sandbox, Decentraland, Minecraft-compatible NFT Worlds, Cryptovoxels and Somnium Space through to the most popular gaming dApps in the Polygon ecosystem, including projects from Polygon Studios, and games such as Aavegotchi, My Crypto Heroes, Atlantis World, Decentral Games, and many others. Opera’s support for Polygon exposes users to a popular Ethereum ecosystem with over 7,000 dApps to choose from, including popular gaming apps Sandbox, Decentraland, and Aavegotchi. Opera’s integration of Polygon builds on the browser’s aim to onboard millions of users to the Web3 space in an environmentally-conscious manner.
Major web browsers began working towards including native blockchain features during the DeFi explosion of 2020. Since then, many have integrated varying levels of blockchain functionality. However, Opera’s inclusion of Solana beats out major competitors in the sector.
Solana became a top 10 cryptocurrency project by market cap moving into 2022. Its low transaction fees, high scalability, and energy-efficient consensus model have made it a viable player in the blockchain sector.
Opera’s users will now be able to access all the Solana ecosystem, including decentralized applications (dApps) currently hosted on the blockchain. These include apps ranging from decentralized exchanges (DEXs) like Solend and Raydium; NFT marketplaces, as well as music streaming apps. While Opera is working with the Solana ecosystem to integrate the Opera Wallet, users will have to connect through the Phantom wallet for now.
Along with Solana, Polygon and other blockchains, Opera is also enabling access to Ethereum’s Layer-2 ecosystem via StarkWare-powered StarkEx and decentralized exchange, DeversiFi. The integration allows users to benefit from efficient, ultra-low-cost transactions that are over 100 times quicker and more cost-effective than the Ethereum mainnet.
Additionally, Opera has announced support for the Ronin blockchain, home to the popular GameFi project, Axie Infinity — and one of the runaway successes of the decentralized gaming space. Also included in the integration are Nervos, IXO, Celo and Bitcoin.
Jorgen Arnesen, EVP Mobile at Opera, said, “The average web user may still be hesitant to dabble with Web3, but with the integration of Solana, Polygon, and others in our mobile browser, they can now access these technologies from the safety and familiarity of the browser that provides them with a dedicated Web3 experience.”
Polygon and Polygon dapps are available in the Crypto Browser Project on Android and PC, as well as Opera for Android. Solana, StarkWare/Deversifi Layer 2, IXO, Ronin, Nervos, Bitcoin and Celo are available in Opera for Android and will become available in the Crypto Browser Project in the coming months.
A new Ethereum meme coin, Pochita ($POCHITA), has made headlines after skyrocketing in value shortly after its launch. According to on-chain data, one trader turned an initial investment of $3,000 into $150,000 in under three hours, reflecting a near-5000% profit. This rapid surge has drawn comparisons to other meme coins like Bonk ($BONK), which gained significant attention in the Solana ecosystem.
Pochita launched on October 2, 2024, quickly reaching a $20 million market cap within 9 hours, despite the broader crypto market contracting by 2.9% over the past 24 hours. The meme coin sector also dipped 3.2%, now valued at $47.5 billion. Despite the falling prices, Pochita’s rapid rise suggests strong investor sentiment around meme coins remains, especially following recent Federal Reserve interest rate cuts.
Though meme coins are known for their volatility and lack of clear fundamentals, they can provide quick gains for traders. Pochita is being discussed as a potential successor to Bonk, and if it continues its growth, it could join the ranks of other top meme coins like Dogecoin, Shiba Inu, and Pepe Coin.
At the same time, other projects such as Crypto All-Stars ($STARS) are providing new avenues for meme coin holders by offering a unified staking platform where users can stake various meme coins and earn rewards. Crypto All-Stars has already raised over $1.9 million in its presale, indicating strong interest in platforms that provide utility and passive income opportunities for meme coin enthusiasts.
Source: cryptonews.com
The post Mysterious Trader Makes $150,000 Profit in 3 Hours From Just $2,956: Blockchain Analysis appeared first on HIPTHER Alerts.
A recent Binance report highlights critical risks in the cryptocurrency market, warning of the dangers posed by inflated valuations and centralized token ownership. The report cautions that if these issues remain unaddressed, they could destabilize the long-term stability and growth of the crypto industry.
Valuation Concerns: The report emphasizes that overvaluation, particularly in newly launched tokens with low circulating supply, could lead to market bubbles and poor performance. Venture capital funds, which once aggressively invested in crypto, are now scaling back and shifting focus to sectors with more sustainable valuations. As the market becomes saturated with new tokens, the circulating supply could increase exponentially, further straining performance.
Centralization of Token Ownership: Binance also flags the risks of centralization, where large tokenholders dominate ownership. This concentration of power can result in governance issues, market manipulation, and potential crashes caused by sudden sell-offs. The report stresses the need for decentralized control and broad participation to maintain the integrity and resilience of crypto projects.
Transparency and Trust: To mitigate these risks, the report underscores the importance of transparency in fund management. A lack of clear disclosures can erode stakeholder trust and harm project sustainability. Binance notes that greater transparency, like the adoption of proof-of-reserves by platforms such as Coinbase, is crucial for fostering responsible financial management and building long-term trust in the market.
In conclusion, the report urges the crypto industry to prioritize decentralized governance and transparency to ensure sustainable growth and maintain market confidence.
Source: cointelegraph.com
The post Binance warns of crypto market risks from overvaluation, centralization appeared first on HIPTHER Alerts.
The Cryptocurrency Open Patent Alliance (COPA) has teamed up with Unified Patents to launch the Blockchain Zone initiative, aimed at combating “patent trolls” in the crypto industry. Patent trolls, or non-practicing entities (NPEs), are known for exploiting patent rights through litigation rather than developing new technologies. COPA and Unified Patents aim to prevent such entities from hindering blockchain innovation by making costly and baseless patent assertions.
The initiative is designed to safeguard blockchain and related technologies from these unwarranted patent claims, fostering an environment where developers and companies can innovate freely without fear of legal threats. Key figures in the partnership, such as Paul Grewal from Coinbase and Steve Lee from Spiral, emphasize that patent trolls create significant barriers to technological progress, especially in the fast-evolving crypto space.
By aligning with over 300 companies through Unified Patents, COPA’s effort strengthens its mission to protect the blockchain community and the broader crypto-economy from the disruptive impact of NPEs, ensuring that blockchain innovation remains open and accessible.
Source: news.bitcoin.com
The post COPA, Unified Patents Partner to Fight Crypto Patent Trolls appeared first on HIPTHER Alerts.
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