The blockchain industry continues its rapid evolution, bringing new players, regulatory changes, and innovative technologies to the forefront. Today’s briefing explores groundbreaking developments in blockchain trading venues, Layer 1 protocols, digital asset mania, uranium-backed investments, and major fundraising rounds.

1. 21x Secures EU License for Blockchain Trading Venue

In a historic move for blockchain finance, 21x has become the first platform to receive a fully regulated license to operate a blockchain-based trading venue in the European Union. This approval opens doors for increased institutional adoption, offering enhanced transparency and regulatory oversight. Such licensing indicates a significant shift in how traditional finance integrates blockchain technology.

Source: 21x

Advertisement

2. Sonic Labs Launches Layer 1 Blockchain

Sonic Labs has introduced a new Layer 1 blockchain protocol designed to enhance scalability and security while reducing transaction costs. This initiative targets decentralized applications (dApps) and aims to attract developers frustrated by the limitations of existing networks. As Layer 1 solutions grow, the race to provide efficient alternatives to Ethereum continues to heat up.

Source: Cointelegraph

3. XRP Ledger Developers Respond to XRP Mania

In response to the renewed interest in XRP, developers of the XRP Ledger have announced significant upgrades aimed at improving transaction speeds and network efficiency. With the XRP token experiencing a resurgence, these changes are critical in maintaining its competitiveness in the fast-evolving digital asset landscape.
Source: Daily Hodl

4. Blockchain-Based Uranium Investments for Retail Investors

A consortium of firms is pioneering blockchain-based investments in physical uranium, making it accessible to retail investors. By tokenizing uranium reserves, these companies offer a unique investment avenue previously restricted to large institutional players. This innovation reflects blockchain’s growing influence beyond cryptocurrencies into commodities and alternative assets.
Source: Reuters

5. Pantera Capital Raises Millions for TON Blockchain Funds

Pantera Capital has successfully raised significant capital to support projects within the TON blockchain ecosystem. This fundraising effort highlights the ongoing investor interest in blockchain infrastructure and decentralized finance (DeFi) initiatives. The funds will likely accelerate the development of decentralized applications and expand the reach of blockchain technology in emerging markets.

Advertisement

Source: DLNews

Key Takeaways and Industry Impact

The approval of 21x’s trading venue by EU regulators signifies a monumental regulatory breakthrough, setting a precedent for similar platforms across Europe. Sonic Labs’ Layer 1 protocol challenges Ethereum’s dominance, emphasizing the need for scalable, cost-effective solutions. Meanwhile, XRP Ledger’s enhancements ensure its relevance amidst growing competition. The tokenization of uranium exemplifies blockchain’s potential to democratize access to niche investment markets. Finally, Pantera Capital’s funding success underscores the resilience of blockchain investments despite broader market volatility.

The post Blocks & Headlines: Today in Blockchain – A Daily News Briefing (21x, Sonic Labs, Ripple Labs, Uranium Investments, Pantera Capital, appeared first on News, Events, Advertising Options.

Advertisement

peaq, the layer-1 blockchain powering DePIN and the Machine Economy, announces the expansion of its ecosystem as PING joins to decentralize gaming. PING is building a DePIN of gaming laptops to work as a decentralized cloud service for Web3 and Web2 games. The DePIN will enable gamers to earn rewards for sharing their idle computing resources with game developers and other projects, such as AI startups in need of GPU capacities and crypto miners. As part of its integration with peaq, it will set up a mechanism enabling laptop purchases with stablecoins via peaq and launch its token on the network for the Machine Economy.

The video game industry is a powerhouse in the wider entertainment space, raking in more revenues than movie and music industries combined. PC gaming is its major segment, accounting for about a quarter of the entire industry — and as modern games grow more demanding with every year, so does the computing power of an average gaming rig. This leaves gamers with a lot of idle computation power on their hands, which could be shared with others for rewards.

PING is building a DePIN that will enable gamers to monetize these spare resources, earning rewards for letting the network leverage their rigs when those aren’t in active use. These devices would run as a decentralized backend for Web2 and Web3 online games, giving developers a cheaper and more transparent alternative to traditional cloud services. The spare capacities could also be used for such things as training AI, rendering visuals-heavy virtual experiences, and completing various other tasks. Before its launch, PING is already cooperating with 20 gaming projects that could run on its platform, including Yuliverse and Seraph.

Manufactured by ThundeRobot, a major Chinese gaming hardware company, the PING laptop is the powerful workhorse of the DePIN. Running on a 16-core Intel i7-14650HX processor, it leverages the high-end NVIDIA RTX4070 GPU and 16 GB of RAM to run the most demanding Web2 and Web3 games. With some 2,000 units already sold, the laptop owners will get special benefits in the PING ecosystem, including priority in staking, exclusive rewards from partners, and more. However, the DePIN will be open for non-proprietary gaming rigs to join as well in the future.

Advertisement

As part of its integration with peaq, PING will set up a mechanism that will enable people to buy their PING laptops with stablecoins on peaq. It will also build the smart contracts that will enable gamers to mint these laptops as NFTs on peaq, thus confirming their ownership in a trustless and decentralized way. PING will also outfit all devices on its DePIN with self-sovereign peaq IDs and launch its token natively on peaq.

“The gaming industry is blossoming, and DePIN can help it scale to the next level,” says Tony Zhang, co-founder of PING. “The PING DePIN is doing exactly that, aligning the incentives of all stakeholders: Gamers get to enjoy top titles while earning rewards for monetizing their spare compute while developers get a cheaper backend for all their cloud needs. This project is made possible by peaq’s impressive fundamentals, which will help PING scale and grow, and the peaq IDs will work as a powerful tool for secure authentication and identity management on the network.”

“The DePIN model puts gamers at the helm of the industry they love and care for, making them the owners of the infrastructure their favorite games run on,” says Leonard Dorlöchter, co-founder of peaq. “PING is bringing this vision to life — and we are thrilled to see it join the peaq ecosystem, with its launch set to make an impact on one of the most important entertainment sectors in the world.”

The post PING joins peaq to decentralize gaming with a DePIN of high-end laptops appeared first on News, Events, Advertising Options.

Advertisement