Measurable Data Token (MDT) has announced the launch of a blockchain-based oracle service, Measurable Finance (MeFi), which has been designed to connect traditional financial data markets to the decentralized finance (DeFi) sector. In its primary showcase of utility, the project constructed a decentralized application (DApp) —accessible on both the Ethereum and testnet blockchains — which enables DeFi participants to access stock trading data from some of the world’s largest financial marketplaces, including the Nasdaq, New York Stock Exchange (NY and Hong Kong Stock Exchange (HKEX). With the introduction of these services, decentralized data sharing network Measurable aims to advance the …
Smart contract automation network Gelato has become the latest to receive big backing from crypto venture capital giants. Gelato has raised $11 million in a Series A funding round led by Dragonfly Capital and with participation from ParaFi Capital, Nascent, IDEO CoLab Ventures and Aave founder Stani Kulechov. The funds were raised through a closed-door token sale and will go toward onboarding more blockchains to the network and increasing its staff from the current team of 15. Gelato automates Ethereum smart contract operations by using what it calls “arbitrary logic” and bots. Its most prominent use case is addressing liquidity …
Trading volumes on peer-to-peer nonfungible token (NFT) marketplace OpenSea have surged by over 12,000% in 2021. DappRadar data shows that the total incoming value to OpenSea’s smart contracts increased to $56.07 million on Wednesday compared to $73,556 on Jan. 1. Meanwhile, the marketplace’s user count increased from 315 to 14,520 in the same period — a 4,423% increase. A major portion of OpenSea’s trading volume spike happened after June. At the start of the month, the capital entering the marketplace’s smart contracts was just $3.6 million. But by Sunday, it had surged above $71.238 million. What’s more, on the previous …
Wolfram Alpha, a major computational knowledge engine providing technology for major services such as Apple’s Siri assistant, is integrating data from the Cardano blockchain. According to a Thursday announcement, Wolfram Blockchain Labs, or WBL — a subsidiary of Wolfram Research — has partnered with Charles Hoskinson-founded tech company IOHK. As part of the partnership, WBL will integrate Cardano’s blockchain data into Wolfram Alpha, allowing developers to integrate external data into Cardano’s smart contracts. The new partnership will specifically address work on the so-called “avant-garde oracles,” which the companies believe are a necessary component to build advanced smart contracts. According to …
Over the last 10 years, the Bitcoin ecosystem has attracted developers to dedicate thousands of hours to improve and revamp most of its underlying codebase. Yet, Bitcoin (BTC) is largely the same. The reason for this is that its core set of consensus rules that define its monetary properties, such as its algorithmic inflation and hard-coded supply, remain unchanged. Time and time again, factions have attempted to change these core properties, but all hostile takeovers thus far have failed. It’s often a painful process but one that highlights and solidifies two of Bitcoin’s biggest virtues: No single party can dictate …