Ethereum-based market platform unveils a new DAO

Gnosis, an Ethereum-based platform that facilitates betting on events and other metrics, revealed plans for its own decentralized autonomous organization, or DAO, called GnosisDAO. “This will have the effect of progressively decentralizing Gnosis as a project using a native governance framework powered by their token economy, bringing governance to the coming internet of value,” according to a public statement Monday sent to Cointelegraph. In addition to its prediction markets wing, Gnosis has a multisignature Ethereum-based digital asset storage platform. GnosisDAO involves Gnosis’ prediction markets and its multisig wallet operation. Essentially, DAOs run…

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BlockApps launches Ethereum-based Agritech network in collaboration with Bayer

On Nov. 18, blockchain solutions provider BlockApps launched a blockchain-based agricultural crop tracking network called “TraceHarvest” — and one of the largest companies in the world, Bayer, is among its first users.  TraceHarvest reportedly provides users with the ability to trace the life cycle of agricultural products starting from the source of seeds, all the way to defining the responsibilities of each party involved in the supply chain. The platform also provides users with information in real-time, ideally mitigating problems associated with manually tracking crops. TraceHarvest is open to all…

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Binance CEO wants more Ethereum-based DeFi projects to join his platform

Binance CEO Changpeng Zhao welcomed more Ethereum-based DeFi projects to join the Binance Smart Chain (BSC) platform.  In a tweet discussion with another user, Zhao explained that this step would reduce the load on the Ethereum network, which will, in turn, lead to a reduction in Ethereum’s gas fees.  Zhao later stressed that Binance Smart Chain is not a replacement or competitor to the Ethereum network and that it is compatible with it. Zhao added that Binance Smart Chain provides the smart contract creators with more options: “BSC never aimed…

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Over $1 Billion Ethereum-Based Tokens Vulnerable to ‘Fake Deposit Exploit’

A number of university researchers published a study that demystifies the “fake deposit vulnerability” in Ethereum-based smart contracts. The findings show that over 7,000 tokens worth more than $1 billion built on top of Ethereum are vulnerable to two types of attacks that exploit smart contracts. Researchers from the University of Queensland, Beijing University of Posts and Telecommunications, Zhejiang University, and Peking University have published a paper that describes a vulnerability held by over 7,000 Ethereum-based tokens. Essentially, the tokens created have verification methods that are subpar to ERC20 contracts…

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Ethereum-Based Digital Art Platform ArtID Launches Security Token Offering

Ethereum-powered digital art platform ArtID held a security token offering to fund the further development of its marketplace. According to an announcement on April 29, ArtID is seeking five million euros (nearly $5.5 million) in the offering and reached the soft cap set at 580,000 euros within one week. Investors holding the platform’s security tokens will have access to a percentage of the company’s earnings. The offering aims to raise one million euros in a public offering and four million euros in private. An active digital artwork platform ArtID reportedly…

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Ethereum-Based Social Video Network Integrates Zoom for Live Streaming

The Ethereum-based social media app, Pepo, has integrated with video conferencing platform, Zoom, to facilitate live streaming. Pepo Live Events is currently exclusively available in beta on the platform’s website and has not given an estimate for when it plans to enable mobile functionality. Pepo integrates Zoom for live streaming Only Pepo community admins are able to stream live, however, anyone can participate in the live events. All events streamed on the platform are recorded, and are limited to a time limit of three hours. Pepo’s decision to integrate Zoom…

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Matic Lets Us Scale More than Loom Network: Ethereum-Based VR Platform

Ethereum-based virtual-reality (VR) platform Somnium Space has moved from scalability solution Loom Network to Matic to enhance scaling. On March 23, Somnium Space said that it hopes the transition will allow it to achieve scalability and provide a superior user experience. The firm explained: “By implementing Matic’s high-performance Plasma-based sidechains, Somnium aims to solve any future issues around scalability and user experience such as high-throughput, fast confirmation times, and negligible transaction fees.” A growing VR economy Somnium Space CEO Artur Sychov explained that the firm believes that Matic will allow…

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Ethereum-Based Game to Enhance User Experience with Matic Scaling Solution

TSB Games, the firm behind VR game The Sandbox, announced a partnership with second-layer scaling solution Matic. According to a March 19 announcement, Matic will allow the decentralized application (DApp) to carry out faster transactions and create a better user experience. The partnership is also meant to better facilitate decentralized transactions on the platform. As part of the partnership, Matic also participated in Sandobox’s second round of the presale of the virtual LAND represented by non-fungible tokens (NFTs). The land staked by Matic will be used to help introduce the…

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Ethereum-Based SkyWeaver Game Launches Season 0

SkyWeaver, the forthcoming free-to-play blockchain-based card game from Horizon Blockchain Games, has opened its final closed-beta season. On March 21, Horizon announced that season 0 of SkyWeaver had commenced. The season will be live until the launch of SkyWeaver’s open-beta version. Horizon opens season 0 of SkyWeaver The collectible card game uses Ethereum-based non-fungible tokens (NFTs) as in-game items — which players can either use within the game or trade on secondary markets. The in-game items earned during season 0 will not be able to be used once SkyWeaver enters…

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Ethereum-Based Card Game from Horizon Raises $5 Million

Companies designing digital trading cards and online games are continuing to show their ability to rake in the big bucks in the blockchain world. According to TechCrunch, Horizon Blockchain Games raised $5 million in capital for their game SkyWeaver. The principal investors included Initialized Capital, with additional funds from Regah Ventures, ConsenSys, Digital Currency Group, Polychain Capital, Golden Ventures, and CMT Digital. This investment is an extension of a 2019 seed funding round, in which Horizon raised $3.75 million. SkyWeaver is a “free-to-play trading card game that unifies the best…

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