BytePlus, Mysten Labs Partner to Integrate Sui Blockchain Tech
In order to incorporate its augmented reality and recommendation systems into the Sui blockchain, BytePlus has teamed up with Mysten Labs. Sui was chosen by BytePlus, a ByteDance affiliate, because of its compatibility with social and gaming apps. Sui offers features like sponsored transactions that are intended to make user access simpler and zero-knowledge proofs […]
PayPal Ends Protection for NFT Transactions
PayPal plans to modify its protection measures for NFT transactions, which is a significant departure from how it previously supported the tokens. The payment giant is modifying the terms and conditions page of its Seller Protection Program, stating that as of May 20, Non-Fungible Tokens (NFTs) with a transaction amount of $10,000 or more will […]
Tether Joins Forces with Fuze for Educational Venture
Tether, the company behind stablecoins, is collaborating with Fuze to spread Cryptocurrency awareness among Turkish and Middle Eastern consumers and financial institutions. In an effort to raise knowledge and comprehension of digital assets, Fuze, a provider of crypto infrastructure, and Tether, the firm behind the largest stablecoin by market value, have inked an MOU to […]
Barclays, HSBC, Citi Collaborate to Pilot Tokenized Deposits in UK
Along with other financial institutions in the UK, Barclays, HSBC, and Citi are starting a collaborative project to test tokenized deposits. A group of British banks, including Barclays and Citigroup, is working on a new pilot of tokenized deposits to enhance the tracking of banking payments. The British trade group UK Finance announced in a […]
Adidas, STEPN Team up for High-Tech NFT Sneakers
Sportswear giant Adidas has partnered with move-to-earn game Stepn to release some pricey virtual running sneakers as Solana NFTs. Adidas and blockchain startup Stepn have announced a new NFT partnership that aims to guarantee the global adoption of the Find Satoshi Lab (FSL) ecosystem and transform move-to-earn applications. The team plans to produce a batch […]