Process simplified-Create NFT for your digital assets In early 2018, CryptoKitties, an innovation-driven product, became one of the first NFT projects to grab the attention of the crypto community. This original game was developed using a non-fungible token. Any NFT is a non-interchangeable unit of data. The new game became very popular in a short […]

The post What is NFT and How is Such Technology Used? appeared first on PrimaFelicitas.

The post Wolverinu Updates For 2022, To Bring P2E NFT Game, Marketplace And More appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

The Time is Now Wolverinu, an ERC-20 token that took the Ethereum network by storm in late October of 2021, spared no time in delivering on a myriad of electrifying catalysts to jump-start the New Year. Backed by a fiercely loyal and growing community, Wolverinu is gearing up to bring a play-to-earn NFT game to …

Ripple’s development branch is working to launch an NFT devnet and the main goal is to provide an easy way for the developers to test the proposed native NFT extension of the ledger as we are reading more in our latest Ripple news today. Ripple’s development branch announced the rollout of the NFT devnet platform […]

The post Will DAO Steal The Game In A Market Full OF DeFis, NFT, And Metaverse? appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

The crypto sphere with its growing competition now belongs to the brainers, who strategize their gameplay accordingly. Whilst rookies have been grumbling of the market being skittish, maestros from the business have been betting smart. It is widely known that first comers are the most benefitted irrespective of businesses. This holds true in the world …

MAP Protocol's testnet, Makalu PoC-2 was officially launched on December 10, 2021. Makalu PoC-2 is equivalent to MAP testnet, in the sense that it upgraded the consensus mechanism on the basis of the original PoC-1. Makalu PoC-2 upgrades the consensus mechanism to POS, from the original POW, with high TPS performance standards. This allows it to utilize cross-chain transaction data (assets) and perform “on-chain upgrades” in a flexible manner, while greatly improving transaction processing speed.

Official Launch of MAP Protocol's Makalu Poc-2 Brings Much-Needed Upgrades

Makalu PoC-2 makes use of the IBFT algorithm to achieve message consensus between nodes and implement Validator registration and election functions in the form of on-chain contracts and supports. Makalu PoC-2 will also continue to support light client verification to verify on-chain transactions on the peer chain, while being compatible with and supporting EIP-1559. PoC-2 will continue to update multiple versions in the form of small version iterations.

MAP Protocol is considered the “Blockchain Assets Freeway,” as it is a cross-chain bridging protocol that aims to provide a secure end-to-end solution for any blockchain to move assets freely. To fulfill this role, MAP Protocol is built on three layers simultaneously.

The first layer, MAP Chain, known as the base layer, is a dedicated blockchain serving as the infrastructure freeway connecting all kinds of blockchains to break barriers.

Secondly, the asset layer provides an infrastructure freeway linking other blockchains (cross-chain support), allowing all kinds of assets to be mapped to MAP Chain in a non-custodial style via trustless smart contract. 

This is followed by the DeFi Application layer, allowing all kinds of applications, including but not limited to DEXs, games and NFTs that can be built with the cross-chain capabilities enabled by MAP Chain and MAP Assets. This also allows fast trades of NFT tokens in a cross-chain decentralized manner, while applications can be easily built using the underlying light client and assets vault.

Following the December testnet upgrade, the focus in the next stage will be on MAP's ecological construction, especially the high frequency of NFT and GameFi development that is changing the dynamics of the traditional gaming industry. This market has been always our key focus, and is expected to continue seeing explosive growth in the future. MAP Protocol is a cross-chain and will have its own independent ecology. For the future development of NFT and Gamefi, cross-chain will be an indispensable component that cannot be ignored.

MAP Protocol will deploy its applications on all the major chains, supporting cross-chain swaps. This will allow all the assets on MAP Chain to circulate freely across all chains. MAP Protocol also welcomes additional GameFi, NFT and Metaverse projects to publish assets on the MAP Chain and join the MAP ecosystem.

MAP Protocol is also compatible with EVM. All EVM chain assets and projects such as Ethereum can be issued to MAP, and MAP will be motivated through various means including ecological incentives.

To promote MAP Protocol's cross-chain technology, cooperation and partnerships opportunities with more public chains will be established. For the purpose of accessing more public chains, MAP will optimize protocols and provide support for cross-chain oracles, lending and other DApps.

About MAP Protocol

Map Protocol is considered the “Blockchain Assets Freeway”. It is a cross-chain bridging protocol that aims to provide a secure end-to-end solution for any blockchain to move assets freely, i.e., allow fast trades of NFT assets in a cross-chain decentralized manner. Please visit MAP Protocol online for more information. 

Website: https://www.maplabs.io/

Media Contact:

Rena Kim

cooperation@maplabs.io

2021 saw the rise of the non-fungible token (NFT) market, making NFTs one of the most talked-about topics for the proverbial office cooler-chitchat crowd around the world. The burgeoning amount of money associated with it, spearheaded by the Beeple sale at Christie’s, makes it one of the fastest-rising assets during a time when the COVID […]

The post Utility NFTs: NFTs with Real Muscle appeared first on Coin Bureau.

Decentralized finance, popular as DeFi, has massively revolutionized traditional finance by creating a decentralized space for users to interact with various financial elements while maintaining control over their finances and privacy. Built on the foundations of decentralization and immutability, DeFi has now pulled in millions of users. This has caused the market to experience a […]

The post Role of Rising NFT & DeFi Hacks in the Evolution of Cryptocurrency Industry appeared first on Quillhash Blog.

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