AVAX, SHIB, one of the leading altcoins in the crypto money market, and these 4 altcoin projects have appeared before investors with last-minute developments! Here are the details…
AVAX, SHIB and these 4 altcoin projects have appeared before investors with new critical developments!
Avalanche (AVAX) will offer blockchain customization for financial institutions!
Avalanche (AVAX), which has a great deal of interest, as we have reported as Kriptokoin.com, made a new announcement for financial institutions and announced “Evergreen Subnets” with its blockchain distribution. Ava Labs, the team behind the Avalanche blockchain, said in a press release that firms can launch their own Evergreen subnets for research and development and “production-ready use cases.”
The Avalanche subnet will appear as an independent network that defines its own rules for membership and coins. It consists of a group of validators (AVAX validators) working together to reach consensus on the state of one or more Blockchain networks. In a statement released by the team, the following words are stated:
Organizations can maintain their blockchain strategy on private, permissioned chains with known and approved counterparties while maintaining Avalanche’s ability to communicate with other subnets via its native communications protocol Avalanche Warp Messaging (AWM).
Shiba Inu (SHIB) adoption rates are increasing day by day!
Shiba Inu adoption rates are on the rise. Binance Pay has announced that it has partnered with CityPay to enable users to pay for reservations at the Radisson Hotel in Georgia. Along with this, travel booking platform Travala has launched an affiliate program for Shiba Inu investors that offers up to 5.5 percent commission on every booking made through unique affiliate links. In the midst of these developments, the attempt to burn the Shiba Inu continues. Notably, Cult Punks, a pioneering collection of non-changeable tokens (NFTs) on the Modulus network, has pledged to use 2 percent of the proceeds from NFT sales to buy back and burn Shiba Inu tokens.
In addition, the decentralized trading platform DODO announced that it has integrated Alchemy Pay into its system. With the integration, DODO users will be able to buy many coins such as Shiba Inu (SHIB) without any problems. This development gives DODO users the advantage of being able to sell their Shiba Inu and other crypto assets and seamlessly transfer the proceeds to their bank accounts in more than 50 fiat currencies.
VeChain announces partnership to eliminate VeWorld Wallet transaction fees
The VeChain Foundation announced in a press release that it has rolled out a new feature called “fee delegation” to eliminate transaction fees in the VeWorld web wallet. According to an announcement made today, the fee delegation feature removes the need for decentralized app users to pay transaction fees. However, adoption rates are expected to increase. VeChain had the following words on the subject:
To date, fee delegation has been an important part of VeChain’s corporate adoption strategy, allowing businesses to pay to use VeChain’s blockchain as a subscription service and build business ecosystems on its public blockchain even in the strictest legal jurisdictions.
According to the announcement, the implementation of the fee delegation feature comes as part of the company’s way of providing developers with a productive environment for dApps while also meeting the needs of crypto enthusiasts. For clarity, the leading blockchain company has added a video showing how users can initiate transactions in VeWorld wallet without paying gas fees. Following the announcement, VET price rose 2 percent from $0.0239 to $0.0244 within an hour. Long-standing partnerships, the project most recently integrated with DappRadar on March 8 to provide cross-chain visibility for dApps built on the enterprise blockchain.
Solana announced its new feature!
Solana has launched a ‘State Compression’ function that promises to make it even cheaper to create user-first web3 projects. The Solana ecosystem engineering team has announced a new feature that drastically reduces storage costs by enabling data to be stored directly on the chain.
Helium, a user-owned wireless network, and Wordcel, a on-chain publisher, are also using State Compression to bring scalable, user-first experiences to Solana. The first use of State Compression is for compressed NFTs. These are similar to regular NFTs but substantially cheaper. On-chain storage of 100 million compressed NFTs costs only about $50, versus $1.2 million for its uncompressed counterpart. This process uses Merkle trees, a compression-friendly data structure that allows developers to store a small piece of data on-chain and update it directly in the Solana ledger. While this technology significantly reduces the cost of data storage, it continues to leverage the security and decentralization of Solana’s core layer.
Jon Wong, technical leader of the ecosystem engineering team at the Solana Foundation, said that State Compression elegantly uses a well-known data structure and brings it to the speed of Solana, once again making Solana the best place to build scalable, user-first web3 products. He said he proved it. This new feature will make it even more convenient for developers to create web3 projects in Solana and strengthen the platform’s industry-leading position.
Lido Protocol users can withdraw ETH sooner!
A Lido protocol developer using the name Kadmil.eth said on Twitter on Thursday that investors who stake their Ethereum (ETH) via Lido, the dominant liquid staking platform, can expect ETH withdrawals “before the beginning of May.” To enable withdrawals on the Ethereum blockchain, Lido needs to properly prepare for the launch of the V2 testnet and the V2 upgrade needs to complete various security audits. While Shapella, a software update that will enable ETH withdrawals, will occur on April 12, the preparation of Lido’s V2 testnet and the completion of multiple security audits will not be ready until Shapella. As you may recall, members of the LidoDAO community previously voted for the software revision at the beginning of March. With the new upgrade, users will be able to withdraw their ETH.
New Multicoin project Lore has raised $4 million!
San Francisco-based Lore, a co-ownership platform for Web3 collectives, has raised $4 million in a strategic funding round led by Multicoin Capital. The capital will enable new use cases and expansion to additional blockchains beyond Ethereum, starting with Polygon and Solana. Lore, currently in public beta, is a platform and protocol that makes it easy for Web3 creator communities and gaming guilds to co-own NFTs, offering new ownership and usage options.
“The internet has brought us together in communities based on common interests and goals, but collaboration largely ended there,” Lore co-founder and CEO Thomas Scaria said in a statement. It offers a new way to achieve goals,” he continued. The words of the CEO are as follows:
Lore transforms niche communities into hubs for cultural curation, wealth creation, and commerce. As more opportunities arise in virtual worlds, Lore will be there to help strangers and friends from all over the world pool resources to seize opportunities.
Lore came out of secrecy last summer and previously required NFT ownership to join the platform. The public beta has now opened this experience to all interested users. Web3 communities currently using the platform include Proof, Friends With Benefits, Seed Club, Memeland, and Azuki.
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