Blockchain
Kinguin Launches NFT Marketplace in Partnership with Immutable X
Kinguin is launching its NFT marketplace, in partnership with Immutable X. Featuring 40+ collections and over 200,000 unique NFTs, it will give gaming and esports customers access to a vast array of exclusive NFT offerings.
The marketplace, built on top of the Immutable X protocol, is mixing the familiarity and practicality of web2 with the freedom and potential of web3. Kinguin offers its users the stability and security of an established digital goods marketplace. Some top NFT games like Gods Unchained, Guild of Guardians, PlanetQuest and Habbo Hotel will all offer NFTs on the marketplace, with more to be announced in the coming months.
But there’s more than just the high-quality content that will appeal to Kinguin’s vast community. Immutable X, created by Immutable and Starkware, is the technologically leading layer 2 scaling solution for NFTs on Ethereum. The combination of Immutable’s deep knowledge of blockchain technology with Starkware’s cutting-edge ZK-rollup technology, means the Kinguin NFT Marketplace will be lightning fast (at 9,000 TPS) and carbon-neutral, without compromising on security.
The partnership presents mass adoption opportunities for both developers and end-users. By combining Kinguin’s 13 million registered users with Immutable X’s scaling solution, you don’t have to compromise your assets’ security, transaction speed, gas fees and negative impact when diving deeper into NFT, making it easier to scale the game and NFT industries together.
Other features include a dedicated search option, making it easy for everyone to buy and sell NFTs. Users can also connect their MetaMask crypto wallet with the Kinguin NFT marketplace, a free hot wallet service available as a smartphone app or web browser extension. With that, every user can buy NFTs or deposit Ethereum for purchase purposes and also check their NFT balance.
Robert Kalbarczyk, Chief Operating Officer & Acting CEO at Kinguin said “We remain focused on our community’s interests and passions. With Play and Earn on the rise, this felt like the natural next step for us. We’re thankful to have partners that share our vision and we’re looking forward to working with Immutable X to offer our customers a range of exclusive NFT gaming assets.”
“We’re thrilled to welcome Kinguin’s 13 million users to Immutable’s open order book, and help power the next generation of mainstream gamers to truly own their in-game items,” said Robbie Ferguson, Co-Founder at Immutable. “This is an incredibly significant move — one of the powerhouses of digital goods trading from web2 is expanding their offering to NFTs, and they’ve chosen layer-2 Ethereum as the way to do it. We look forward to helping Kinguin scale this marketplace across hundreds of games and millions of players.”
The NFT marketplace may still be in early stages but long term plans are being considered to ensure its continuous evolution. As well as collaborations with big marketplaces, Kinguin also hopes, in time, to develop its own NFT games.
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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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