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Web3 Weekly Recap
Explore the Ever-changing World of Cryptocurrencies and Web3
Explore the ever-changing world of Cryptocurrencies and Web3 technology. This week’s edition connects the dots between digital currencies and the technologies influencing our digital future, from price action updates to the most exciting headlines.
Cryptocurrency Prices by Market Cap
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JPMorgan's Game-Changing Experiment in Tokenized Assets!
JPMorgan's blockchain arm, Onyx, has teamed up with industry startups to explore the benefits of tokenization in managing financial assets. This collaboration focuses on allowing fund managers to tokenize portfolios on selected blockchains. Key blockchain platforms, including Provenance, Onyx Digital Assets, Avalanche, Axelar, and Oasis Pro, participated in this proof of concept.
The transactions were carried out under the scrutiny of Singapore's Project Guardian, limiting access to select participants on private blockchain networks. The initiative aimed to demonstrate a system enabling portfolio managers to handle tokenized assets across different blockchains efficiently. While the involvement of public chains in future deployments remains uncertain, JPMorgan remains actively engaged in exploring various applications of blockchain technology.
🌐👉 Read more about this groundbreaking initiative: [Full Article HERE]
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Your Crypto Future Just Got a Massive Upgrade
Microsoft, Tencent, and 16 other major Web2 players have joined forces with Consensys to decentralize the Infura network, a vital access point for Ethereum in Decentralized Finance. The collaboration aims to enhance decentralization, reducing the risk of outages in services like MetaMask. Scheduled for a Q4 launch, the Decentralized Infura Network (DIN) addresses centralization concerns by introducing failover support, ensuring more reliable access to Ethereum.
This move comes after the MetaMask wallet hiccup in 2020, revealing centralization vulnerabilities. Consensys encourages other reliable internet infrastructure providers to join the DIN, emphasizing the importance of collaboration for long-term success.
🌐👉 For a deeper understanding of this groundbreaking initiative, check out: [Full Article HERE]
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Your Favorite Disney Characters are becoming NFT's
Dapper Labs, the creators of NBA Top Shot, is set to launch Disney Pinnacle, an officially licensed NFT collectibles platform inspired by Disney's iconic theme park pins. Represented as NFTs on the Flow blockchain, these digital collectibles will feature beloved Disney, Pixar, and Star Wars characters. Buzz Lightyear, Woody, Disney Princesses, and Darth Vader are just glimpses of what's to come.
Unlike its predecessors, Disney Pinnacle is designed for mobile use, offering an updated economy for everyday fans and collectors. The platform is opening its waitlist, gradually onboarding users for beta testing before the public rollout.
🌐👉 Embark on a digital journey through the Disney universe: [Full Article HERE]
Three Headlines to Know:
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