Napster Algorand will resurrect with Enjin & Polkadot, disrupt the blockchain, Metaverse Games

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Since the launch of Bitcoin in 2008, Crypto has offered an endless amount of white space with imaginable and unimaginable market opportunities, often mobile at the heart of Art in Gaming. S2122

Finally, simplify use

Enjin offers an Ethereum-based cryptocurrency that allows users to create and redeem immutable tokens. Enjin is home to over 250,000 gaming communities and the creator of Enjin Coin. ENJ aims to build a complete ecosystem for gaming assets, from publishers to indie, enabling them to create new revenue streams and new experiences for their players. Enjin’s Unity SDK opens the door to a new way to interact with the blockchain, EnjinX API enables rapid retrieval of critical transaction and item data, Enjin Wallet houses all player’s hard-earned items where they are securely stored.

Also, this wallet is excellent, very powerful and a simple and elegant UX/UI controlling a complete crypto wallet. It is not only safe, but also very stable. The Enjin team continues to regularly release new features and bug fixes. The QR scanning function is smooth and the using function works very well too. Real ownership of game items in the multiverse.

Enjin’s platform was built for Ethereum, but the new Efinity blockchain was launched on Polkadot. This is a next-generation blockchain that will make onboarding even easier for mainstream users. They won’t even need to own a wallet to start receiving NFTs, lowering barriers to entry. Here is a simple use case, companies like Microsoft (Azure) use the platform to give recognition badges and certifications to the Open Source developer community to attend events, mentor, generate code, proving and verifying that they are a true member. Azure community. The entire blockchain can be integrated into an online world map showing which countries/users have which badges.

Another example in game, A player can have an NFT pet that levels up and progresses with them through the game. They can own, craft or improve weapons and items, equip them according to game characters, and then trade items with other players in the game world.

FYI Witek Radomski is the co-founder and CTO of Enjin, who wrote the code for one of the first NFTs in 2017, and the author of ERC-1155, an advanced Ethereum token standard that allows developers to distribute mutable and immutable items. in a single smart contract.

Polka-dot

From Bitcoin payment applications to Ethereum smart contracts, every blockchain protocol has its own use cases. What many lack is interoperability. Polkadot is breaking down the silos that once kept blockchains insulated from each other, providing new ways for them to communicate with each other. This is a defining feature that will expand the long-term impact that blockchains can have.

NFTs bring legacy platforms back to life

The news that Napster is joining the web3 and NFT space in the music industry follows a similar announcement from LimeWire. Those who know the beginning of the web (2000) must have used Napster, which fought the system of the greats by offering free music downloads to its 80 million users until it closed. According to a report from The Verge, peer-to-peer music sharing company Napster was acquired with the aim of turning the company into an NFT music brand. Napster has been acquired by crypto investment firm Hivemind and Algorand, the operator of a decentralized blockchain and the company behind the Algorand token. The Alogrand blockchain will be used for the launch of Napster. Then I regret not taking a screenshot and converting it to NFT after 20 years πŸ™‚

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Crypto Status by a16z

This report is the first report of the fund investing in crypto in 10 years, it will be an annual look at trends in the crypto industry through the a16z crypto perspective of tracking data and the countless entrepreneurs and builders it has met. It is for anyone who wants to understand where we stand on the way to a decentralized, community-owned and operated alternative to centralized web2 technology platforms, as it concerns the evolution of the internet and especially creators and other builders.

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Crypto impacts the real world

Consider the financial system. The status quo has disappointed many: According to the World Bank, more than 1.7 billion people do not have bank accounts. Demand for decentralized finance, or DeFi, and digital dollars has increased significantly over the past few years, even after accounting for the recent downturn. For the underserved and unbanked population, of which 1 billion have mobile phones, crypto offers a chance for financial inclusion. Projects like the Goldfinch are expanding access to capital that would otherwise not be available in emerging markets.

Shopify gains momentum in crypto payments

Shopify has partnered with Crypto.com so that merchants can accept cryptocurrency payments from customers via Crypto.com Pay. Crypto.com waives a one-month settlement fee (0.5% per transaction) for Shopify merchants who integrate Crypto.com Pay into their payments for a limited time. The recent crypto exit lost 40% of its market cap in mid-May 2022, likely to affect crypto payments adoption in the near term. But participation from big companies like Shopify should support long-term growth.

The number of crypto payment users in the United States will reach 3.6 million in 2022, representing only 10.7% of crypto holders in the United States.

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$600 million fund focused on Metaverse Games

The Andreessen Horowitz Fund (a16z) has announced the launch of Games Fund One, which will invest $600 million in the industry. a16z said games will continue to play a central role in how people socialize, play and work, and the fund will invest in game studios, gaming and customer experiences, and infrastructure.

Decentraland, Gala, STEPN Increased 35%

In early May, it was brutal for the cryptocurrency market, when Terra’s LUNA and UST collapsed, hundreds of billions of dollars worth were wiped off the map, apparently taking most of the market with them.

monkeying

The crypto vocabulary is so vast, here is the phrase β€œmonkey” to describe someone who impulsively buys a new cryptocurrency or NFT for fear of missing out. When someone comes along, they usually don’t research the project before they buy it and usually buy the asset right after the project is launched. The term is derived from a meme from the movie “Rise of Planet of the Apes”.

artist at sloika.xyz

NFT platform for photographers, here is a series on Venice by photographer Ronny Behnert

Polygon on Web3 Twitter

Web3 company Aave has released a social media platform similar to Twitter using the Polygon blockchain. The new project, called Lens Protocol, uses NFTs for a unique web3 social experience. Users can create their own profiles as NFTs, monetize their content and more. Of course, it’s still too early to say whether Aave’s NFT-powered social platform will outperform Twitter, including its web3 rivals, Lens Protocol. One of the apps supported by the protocol is Phaver, a mobile app on iOS and Android.

May on OpenSea

$476,139,461: May 1st was the largest volume day in OpenSea history
3.1M: Number of transactions on OpenSea in the last 30 days

NFT NYC: June 21-23

Since 2018, it is the platform that gives voice to the growing NFT community. To date, 1,149 speakers have been confirmed to speak at the event.

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