Blockton Blockchain is an open-source,high-throughput blockchain.

New York, January 20: All historical technological breakthroughs were the result of existing problems. This assertion is supported by the numerous inventors who have created devices such as smart boards, aeroplanes, and automobiles throughout history. These devices were created to address critical societal issues. Since the industrial revolution, the trend has not slowed, but rather has continued to grow.

Finance is an important part of society and has changed dramatically. Blockchain technology is reshaping global financial systems and structures. The mainstream acceptance of cryptocurrencies is growing rapidly. We now have cryptocurrency-enabled online payment gateways and crypto-automated teller machines (ATM). This financial disruption will continue until cryptocurrencies are accepted as a global standard.

Despite this advantage, tokens still require platforms that facilitate trading and swapping. Dapps, DEXs, and Smart Contracts were created to ensure the security of every transaction. It was intended to create a user-owned and controlled ecosystem that is independent of central governance. This design adheres to the original concept of cryptocurrencies and provides a safer and more secure method of ensuring that all assets are under the control of users.

These concepts are limited by the fact that different blockchains lack interoperability. These are a significant step back because users must use multiple DEXs or Dapps to trade tokens. Blockton is upping the ante. Blockton is developing an ecosystem that can transcend the limitations of restricted/native blockchain. This will provide users with cross-chain access and real control over a diverse range of tokens in the crypto ecosystem. This platform is intended to give users more control over their crypto assets while also providing increased security. Scams involving micro DEXs or dApps will be reduced. Users can trade, swap, or convert tokens across multiple EVM compatible chains using the Blockton platform.

Ethereum, Binance Smart Chain, Polygon, Fantom, Arbitrum, and OKEx Chain are among the supported chains. Blockton is a Layer-7 EVM Blockchain Platform focusing on DeFi, GameFi, and Metaverse. It is a PoW Blockchain with Staking and Liquidity Mining. As a result, it is a better alternative to PoW Ethereum. Blockton is a Blockchain Platform that is Scalable, Sustainable, and High-Performance. It is fully compatible with EVM, allowing developers to quickly create scalable, user-friendly dApps. Proof of Work (PoW) is used by Blockton to ensure true decentralisation.

High Performance Blockton can currently process 300,000+ transactions per block while maintaining security. It can adjust transaction and block sizes based on network load and usage. The current block time is 3.1 seconds. There are no fees. Blockton was created with the goal of keeping transaction fees as low as possible in perpetuity. Users do not have to be concerned about rising gas prices. Everyday use of Blockton is simple.

For more information, visit the official website at www.blocktoncoin.com.

Blocktonscan - www.blocktonscan.com

PNN has provided this story. TC accepts no responsibility for the content of this article. (TC/PNN)

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L'Oréal contributes to a startup in the metaverse Digital Village

Beauty giant L’Oréal has announced a minority investment in metaverse platform and NFT marketplace Digital Village through its venture capital fund, Business Opportunities for L’Oréal Development (BOLD).

Pritish Bagdi

The investment will be the first of its kind by L’Oréal in the metaverse and Web3 space, as well as the first to be part of its recently launched BOLD’s Female Founders initiative.

“As L’Oréal continues to explore and define what beauty means in Web3, we seek to work with the most promising startups who adhere to the highest possible visual and technical standards,” said Camille Kroely, chief metaverse and Web3 officer at L’Oréal, in a release.

Kroely added: “We are excited to be partnering with Digital Village, whose solutions will be powerful enablers for our brands and whose ideals of sustainability, accessibility and interoperability in the metaverse or Web3 are ones we share.”

Launched in 2021, Digital Village is operated by an international team spanning the US, Europe and Asia, offering scalable technology solutions for the creation and interaction of digital identities.

Among its members, it counts founder and CEO Evelyn Mora, who was also behind the creation of Helsinki Fashion Week, as well as top executives from Pangaia and open-world platform The Sandbox.

Speaking on the investment, Mora said: "We are excited to be backed by BOLD and look forward to collaborating with L'Oréal to revolutionise the beauty industry through the creation of cutting-edge virtual experiences for L'Oréal's renowned brands.

“Together, we are setting the bar for beauty in the metaverse and Web3, pushing the boundaries of what is possible and setting a new standard for the industry to follow.”

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Trends That Could Rule The Non-Fungible Token Market In 2023

Trends That May Rule the Non-Fungible Token Sector in 2023, according to the future of NFTs. NFTs are projected to become more widely used in the upcoming years.

Pritish Bagdi

Since they can validate and safeguard digital ownership, non-fungible tokens (NFTs) have attracted a lot of attention and are being used in a variety of applications. They are a type of cryptocurrency that shows who owns a particular asset. It might be anything, like a piece of music, a work of art, or even a tweet. These NFTs are becoming increasingly popular among artists as a way to market their digital collections more effectively than in physical form due to their ownership feature. People can, for instance, design their own, distinctive virtual world clothes in video games using an NFT. NFTs are being employed for a variety of reasons, such as the sale of digital collectibles and art, the development of virtual properties, and the representation of in-game objects. But what might the future hold?

Adoption by the general public has grown as a result of the increased awareness of NFTs among artists, musicians, and other content producers. This pattern has encouraged the production and sale of a wider range of NFTs, such as digital artwork, music, films, and other forms of media.

Usage of NFTs for gaming: Many gaming companies are exploring using NFTs for in-game items, such as rare weapons or characters. It allows players to own unique items stored on the blockchain that can't be duplicated.

NFTs as collectibles: NFTs have also been used to create digital collectibles, such as virtual trading cards or digital stickers. These NFTs are often bought and sold by collectors looking for rare or unique items.

Integration with existing platforms: Some platforms, such as social media networks, are exploring the integration of NFTs as a way to allow users to sell their content. NFTs also could enable users to monetize their creations and give them more control over how their content is used and shared.

NFTs for charitable causes: Some NFT sales have been used to raise money for charitable causes, such as the sale of an NFT artwork by the artist Beeple, which raised millions of dollars for Covid relief efforts. This trend has shown the potential for NFTs to be used for more than just buying and selling art and collectibles.

Today, NFTs are in use in a large number of nations. The United States, the United Kingdom, China, South Korea, and other nations have seen substantial growth in NFT use. However, only a few countries have begun experimenting with employing NFTs for administrative purposes, including West Virginia in the U.S., Ukraine, and Georgia.

What uses can NFTs have for the Indian government?

The Indian government may use NFTs in a number of ways, including:

• Using NFTs to authenticate and safeguard works of art and cultural heritage could raise the value of these things and assist to conserve them for future generations.

• NFTs could be used by the government to provide a safe and unchangeable record of land ownership, possibly lowering the likelihood of fraud and mistakes.

• NFTs could be used to confirm people's identities and make sure that identity documents are authentic.

• In the upcoming years, NFTs are projected to become more widely used, be integrated into current platforms, and experience ongoing market expansion. The potential for their use in several applications makes NFTs a promising technology at this moment.

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