Game developer criticises NFTs at event sponsored by blockchain firms

A game developer surprised attendees of an event sponsored by blockchain firms by criticising NFTs.

NFTs (Non-Fungible Tokens) have become one of the blockchain industry’s darling use cases. The technology is primarily associated with art projects; with purchasers able to prove their ownership thanks to immutable records on blockchains.

Arguably, the most infamous NFT project is Bored Ape Yacht Club—which even recently featured in a music video by Eminem and Snoop...

Web3 projects lost over $2B to hacks in H1 2022

A report from CertiK finds that web3 projects lost over $2 billion to hacks in H1 2022—more than all of 2021 combined.

“2022 is already the most expensive year for web3 by far. From these numbers, 2022 is forecast to see a 223% increase in the funds lost to attacks when compared with 2021,” wrote CeriK in their report.

CertiK’s sobering report highlights the difficulties of an industry that pitches itself as returning to the decentralised ideals of web1 while...

Ethereum core developer encourages ‘The Merge’ testing

Tim Beiko, an Ethereum core developer, has taken to Twitter to encourage both developers and users to help test “The Merge” prior to the anticipated event.

The Merge is when Ethereum’s proof-of-stake testnet will merge with the platform’s mainnet—a highly complex endeavour that has been many years in the making. Short of any delays, it’s expected to take place in August.

Ethereum has $70.55 billion “locked” in its thriving decentralised finance ecosystem....

Web3: Ethereum leads in developers, falling behind in activity

According to a16z’s 2022 State of Crypto report, Ethereum is maintaining its lead in web3 developers but rivals are overtaking in activity.

The report opens with some history of the various web eras and why web3 has many people excited:

Web1 (~1990-2005) – Based on open protocols, decentralised, and community-governed. However, relatively basic in terms of functionality.Web2 (~2005-present) – Siloed, centralised services with value and content ownership granted to a...

Enterprise Ethereum Alliance and BEN announce Web 3.0 virtual job fair

The Enterprise Ethereum Alliance (EEA) and Blockchain Education Network (BEN) have announced a virtual job fair to attract Web 3.0 talent.

Web 3.0 aims to move away from centralisation to put content ownership, privacy, and control back in the hands of creators and people. As the largest decentralised platform, Ethereum is leading the charge.

There are over 100 members of the EEA, including giants like SAP, Microsoft, Accenture, FedEx, JP Morgan, and...

Ethereum still has the most Web 3.0 developers, but rivals are growing faster

Decentralised app platform Ethereum still has the most Web 3.0 developers, but it’s all to play for with rivals growing faster.

The data comes from research firm Electric Capital which released a report this week into the Web 3.0 development ecosystem.

Electric Capital found that more than 4,000 developers actively work on Ethereum per month. 

For comparison, just 680 developers actively work on Bitcoin per month. It’s a huge disparity, but it’s...

Former Twitter CEO Jack Dorsey demos LDK for supporting fast Bitcoin payments

Former Twitter CEO Jack Dorsey has demonstrated the Lightning Development Kit (LDK), a solution to help developers support fast Bitcoin payments via mobile and point-of-sale terminals.

Dorsey stepped down from Twitter to focus his efforts on Block (formerly Square) which, as a group, is aiming to boost the adoption of Bitcoin as a payment method.

The company’s Square Crypto project was rebranded to Spiral. The company is developing the LDK to enable developers to...

Cardano tops blockchain dev activity for second year, Avalanche witnesses explosive growth

Outlier Ventures has released its blockchain development trends report for Q2 2020/21 and it highlights growing interest around the “Ethereum killers”.

Ethereum is the original smart contract platform and, to this day, hosts the largest number of decentralised applications. With a market cap of $408.3 billion, it’s the second-largest cryptocurrency behind Bitcoin ($893.5 billion).

However, Ethereum continues to be plagued by slow transaction speeds and high fees....

Charles Hoskinson, Founder, Cardano: On the opportunities for decentralised apps

Blockchain platform Cardano aims to disrupt unfair legacy centralised systems and distribute power to individuals around the world, but it needs your help.

The decentralisation movement really started when Bitcoin was released in 2009 as a global digital currency with a fixed supply that’s immune to inflation, has no central bank, and cannot be shut down.

However, Bitcoin has its limitations. While it’s arguably the ultimate “store of value” asset – which is...

Ethereum 2.0 beacon chain launches with over $400m staked

Decentralised computing platform Ethereum has successfully launched its beacon chain for 2.0 with supporters currently staking over $400 million.

Ethereum 2.0 pivots the world’s most popular decentralised app platform to a faster and more efficient Proof-of-Stake consensus.

https://twitter.com/ethereumJoseph/status/1333746118979702786

Developers are building innovative new applications for just about every industry—but there’s one that Ethereum has become...