Monat: November 2023

Veröffentlicht am

Disney partners with Dapper Labs to launch NFT platform

  • Disney has partnered with Dapper Labs to bring digital collectibles of Disney’s Pixar icons and Star Wars characters to on-chain users.
  • The companies are launchinh Disney Pinnacle, an NFT platform that will offer collectible and tradable digital pins to fans.

Disney and Dapper Labs are partnering on a massive NFT venture as they seek to bring 100 years of iconic Disney cartoons and characters on-chain.

The two companies announced the launch of Disney Pinnacle, an NFT platform that will bring “the magic of pin collecting to the digital age.” 

As well as a century’s worth of Disney characters, the platform will offer users access to Pixar icons and the heroes and villains of the Star Wars galaxy.

Collect, trade and share Disney NFTs across networks

According to an announcement by Dapper Labs, these characters and icons will be available as distinct collectible and tradable digital pins.

“Disney Pinnacle is an all-new product designed from the ground up to incorporate everything we’ve learned over the past few years,” Roham Gharegozlou, the co-founder and CEO of Dapper Labs, said in a statement.

Disney fans will be able to collect, trade and share the verified, digital collectibles across networks, with each of the collectibles charting its own trading journey.

“Fans anywhere will be able to collect dynamic pins on their phone and trade instantly and securely with each other no matter where they are in the world,” Gharegozlou added.

Disney Pinnacle, built on the Flow blockchain, is expected to go live later this year. The platform will be available on the Apple App Store for iOS.

Dapper Labs collaboration with Disney adds to an impressive roster, which includes the NBA, UFC, NFL and Doodles 2.

The post Disney partners with Dapper Labs to launch NFT platform appeared first on CoinJournal.

Veröffentlicht am

OKX launches ZK-powered L2 network built with Polygon CDK

  • OKX is collaborating with Polygon Labs to launch a new ZK-powered layer 2 network.
  • X1 will become OKX’s native network and utilise OKB for gas fees.
  • OKX also joins other platforms as a core contributor of the Polygon CDK.

OKX and Polygon Labs are collaborating on a new zero knowledge-powered layer 2 network, whose testnet was announced today.

The Ethereum-based ZK network is built using the Polygon Chain Development Kit (CDK) and utilise the native OKX token OKB for gas fees. X1 becomes OKX’s new native network, the firm said in an announcement.

OKX becomes core contributor to Polygon CDK

As part of the partnership, OKX becomes a core contributor to the Polygon CDK. Other than that, the crypto exchange will invest its engineering resources in developing “the technology stack for Ethereum scaling solutions.”

“X1 will be a key pillar of our efforts to educate and bring our users on-chain and into the world of Web3. This scalable and accessible network is perfect for developers, who can build on X1 to deliver user-friendly world-class consumer Web3 applications, all while maintaining interoperability with other networks and ecosystems,” said Jason Lau, OKX’s chief innovation officer.

“By collaborating with Polygon Labs, we look to bring more builders, more use cases, and ultimately the mass adoption of Web3,” he added.

Polygon Labs unveiled the Polygon CDK for ZK-powered L2 chains on Ethereum in late August, promising developers and enterprises more scalability and unified liquidity.

Some of the blockchain platforms and firms looking to tap into the technology include Astar, Canto, Gnosis Pay, and IDEX.

The post OKX launches ZK-powered L2 network built with Polygon CDK appeared first on CoinJournal.

Veröffentlicht am

Bitget’s Hong Kong operator invests $90M in OSL

  • BGX, the company that runs BitgetX in Hong Kong, has agreed a $90 million investment in BC Technology.
  • BC Technology is the parent company of OSL, a publicly listed crypto exchange trading on the Hong Kong Stock Exchange.
  • BitgetX announced it would not pursue regulatory registration and licensing in Hong Kong.

BC Technology Group, the company behind the crypto exchange OSL, has agreed to a strategic investment from BGX, the crypto operator of the BitgetX platform.

The news development was shared via a press release BC Technology published on Tuesday, November 14. 

BGX invests $90 in OSL

Details indicate that the BGX investment involves a subscription for shares in the OSL parent company to the tune of HK$710 million (approximately $90 million.)

“Our investment in BC Technology Group and OSL is a strategic move that reflects our belief in the immense potential of the digital asset market,” said Patrick Pan, CEO of BGX. “We are confident that this partnership will not only strengthen BGX’s global presence but also enhance the growth trajectory of the digital asset industry,” he added.

While the strategic subscription for shares has been agreed, these will be undertaken under a specific mandate. That will be after an approval from the BC Technology shareholders. 

BitgetX to halt operations

OSL, a wholly-owned subsidiary of BC Technology, was the first digital assets exchange to receive regulatory approval from Hong Kong’s Securities and Futures Commission (SFC).

Today’s announcement comes a day after BitgetX, the Hong Kong crypto platform of BGX, notified its customers of plans to halt operations by December 13. The exchange will not pursue a licence from SFC.

BC Technology also asked the Stock Exchange of Hong Kong to halt trading of OSL shares in view of a business deal. The Bitget announcement also put its decision to the same consideration.

The price of Bitget Token (BGB) rose sharply after the news to trade at an all-time high of $0.58.

The post Bitget’s Hong Kong operator invests $90M in OSL appeared first on CoinJournal.

Veröffentlicht am

dYdX Chain enters Beta Mainnet stage, launches active trading across 33 markets

  • dYdX Chain Beta Mainnet launch enables active trading across 33 markets.
  • Users can trade on dydx.trade with 20x leverage.
  • There will however be no rewards during the beta stage.

In a significant development for the decentralized derivatives trading space, the dYdX Chain has officially entered its beta mainnet stage.

This move follows a decisive governance vote, with over 99% community support, allowing active trading across more than 33 markets.

Beta Mainnet launch and trading features

The transition from the alpha stage to the beta mainnet stage occurred at 8:45 a.m. EST on a Monday, as confirmed by the dYdX Operations subDAO, responsible for the decentralized infrastructure of the dYdX Chain.

Users can now actively participate in trading via the dydx.trade platform, with access to over 33 perpetual markets offering up to 20x leverage.

During this beta stage, no trading rewards will be distributed to users. However, validators and stakers will accrue trading fees. This phase serves as a critical testing period for the active trading environment on the dYdX Chain.

Evolution from Ethereum Layer 2 scaling to Cosmos-based blockchain

The dYdX Chain’s journey to this point involved a notable shift from its reliance on Ethereum Layer 2 scaling solution StarkEx in version 3 to becoming a standalone Layer 1 blockchain on the Cosmos ecosystem with the launch of version 4. The alpha mainnet for dYdX version 4 and the debut of its Cosmos-based blockchain took place on October 26.

The dYdX platform, renowned as the most extensive decentralized derivatives trading platform in the crypto space, has seen a cumulative trading volume exceeding $1 trillion since 2020. The successful governance vote and subsequent beta mainnet launch mark a crucial step in dYdX’s ongoing commitment to providing a robust and efficient decentralized trading experience.

This news underscores the platform’s focus on community-driven decision-making and its dedication to refining the dYdX Chain through meticulous testing before progressing to full trading with rewards.

The post dYdX Chain enters Beta Mainnet stage, launches active trading across 33 markets appeared first on CoinJournal.