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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The metaverse created by Meta has not yet gained widespread adoption.

Facebook has been Meta for well over a year. The social media goliath announced the name change amid a flurry of corporate crises and scandals, but primarily to position itself as a broad spectrum of technology applications rather than 'just' a social media platform.

Pritish Bagdi

Courtesy: Meta corporate media

Meta promised to be a pioneer in the metaverse realm, where the near future of a more connected world would bring exciting new virtual environments where users work, socialise and play. Meta, in turn, would be in the thick of it, and a leader in developing new services and products for users.

In the metaverse, where fascinating new virtual spaces where users work, socialise, and play will soon be introduced in a more linked world, Meta promised to be a pioneer. In response, Meta would be at the forefront and a pioneer in creating new services and goods for customers.

Challenges to come

One year later, Meta has still not seen a return on the billions of dollars it has invested and is still investing. From virtual reality headgear, which have at best had mixed reviews, to the metaverse itself, which is still a long way from being widely used. Even after spending time in different realities, the majority of people are still unable to define what the metaverse actually is.

Many in its corporate hallways believe the firm is overspending for the modest aims it has achieved, which is why Meta's stock has fallen by 70% in the past year as a result of its investment plan in the metaverse.

In an open letter published last year, Meta's CEO Brad Gerstner said that the company "drifted into the region of excess - too many employees, too many ideas, and too little urgency." He additionally urged the business to cap spending on the metaverse at no more than $5 billion annually.

14 billion dollars in annual losses

Meta has a defined function and capability in creating new technologies, which is essential for the future to be enhanced and artificial intelligence to be more extensively used. However, according to the Sydney Morning Herald, the company's AR and VR development division, Reality Labs, is losing 14 billion dollars annually. The New York Times reported in October that Meta's employees were unhappy with the company's strategy change because it tied them "to Mr. Zuckerberg's whims rather than a cohesive plan."

Naturally, there are many long-term factors to take into account when reshaping a company that is on the verge of another technology revolution.While the metaverse, like Rome, did not rise in a day, it has made little, incremental strides in its invention, and its VR products and devices have not yet reached the general public.

In December, Meta reiterated that the shift is still in the planning stages. "We believe 2022 will be recognised as the year that developers and users first got their hands on the fundamental technological components allowing our vision for the future."

Nobody is certain of when that "first time" will occur for a larger audience.

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Snap and Amazon Fashion create new AR Shopping Experience

Snap and Amazon Fashion have partnered to bring new Virtual Try-On (VTO) experiences to Snapchat users. The social media and retail giants are hoping their combined services will attract some of the 1.4 billion people forecast to use augmented reality on their smartphones in 2023.

Mobile shopping is a fast growing channel, with Amazon Fashion customers purchasing over one billion fashion items on mobile devices. With the new shopping experience, 363m daily Snapchat users will firstly have access to selected Amazon eyewear brands, including Maui Jim, Persol, Oakley, and Costa Del Mar. Eyewear is the first VTO Shopping Lens category for the Amazon and Snap partnership, which both companies plan to expand into additional categories. Tapping into a 142 billion dollar market The global virtual and augmented reality (VR and AR) technologies market is expected to reach 142.4 billion dollars this year, a significant growth from the 13.4 billion dollars in 2018. “Amazon Fashion is always looking for new ways to collaborate with brands and create fun, innovative shopping experiences for customers,” says Muge Erdirik Dogan, president of Amazon Fashion. “Millions of customers regularly use Amazon’s AR shopping technology across categories in our stores, with Virtual Try-On for Eyewear being a long-time customer favorite. We are delighted to partner with Snapchat and further expand AR shopping for both fashion brands and today’s new generation of digital shoppers.” With a focus on seamless shopping, Amazon’s 3D Asset technology - a service that can be extended to industry partners - works with Snap's Lenses to allow 3D assets and product information to be shared and dynamically updated, providing shoppers with up-to-date product details and availability. “With the combined innovation and technology between Snap and Amazon, we are unlocking exciting and fun new try-on experiences for hundreds of millions of Snapchatters. AR eyewear is just the first step in our partnership, and we can't wait to continue our innovation together” said Ben Schwerin, SVP of Partnerships, Snap Inc. The future of AR Over 30 percent of customers who are active on the metaverse have purchased real-world items there, according to research from McKinsey. There are many opportunities for retailers using Web3 technologies to create new offerings and devise new modes of customer engagement (eg, ecosystem loyalty programs and access to unique experiences), says McKinsey in a technology report released last year.

Image: Amazon Fashion x Snap

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