Blockchain Archives - The AfroCryptopian

Solana Network Faces Congestion Challenges Amidst Surge in Activity

by The AfroCryptopianBlockchain, Cryptocurrencies, News April 9, 2024April 9, 2024No Comments

In recent weeks, the Solana blockchain has encountered severe network congestion, resulting in a notable uptick in transaction failures. Reports indicate that approximately 70% of non-voting transactions on the network are currently unsuccessful. This issue stems from a variety of causes, notably including an increase in network demand driven by the proliferation of memecoins and …

Decentralizing AI: SingularityNET, Fetch.ai, and Ocean Protocol to Forge a Unified AI Token

by The AfroCryptopianBlockchain, Cryptocurrencies, News April 2, 2024April 2, 2024No Comments

In a significant development within the decentralized AI and cryptocurrency sector, three leading AI-focused crypto projects – SingularityNET, Fetch.ai, and Ocean Protocol – are currently in discussions about a potential merger of their tokens into a unified digital currency known as ASI token. This move could mark a pivotal moment for the AI blockchain industry, …

Ethereum Dencun Upgrade Complete: A Leap Towards Affordability and Efficiency

by The AfroCryptopianBlockchain, News March 13, 2024March 13, 2024No Comments

The Ethereum blockchain has taken a monumental step forward with the successful implementation of the Dencun upgrade (aka EIP-4844) as of March 13th. This significant development marks a new era for Ethereum, focusing on reducing costs for layer-2 transactions and bolstering data availability. By introducing “proto-danksharding,” Ethereum aims to revolutionize the blockchain landscape by making …

Eclipse Labs Garners $50 Million in Funding to Pioneer Ethereum’s Next-Gen Layer-2 Solution

by The AfroCryptopianBlockchain, News March 12, 2024March 12, 2024No Comments

Eclipse Labs, a forefront software firm in blockchain innovation, has achieved a groundbreaking milestone by securing $50 million in Series A funding. Co-led by Placeholder and Hack VC, this funding round brings the total capital raised by the company to $65 million. The funds are dedicated to advancing Eclipse, an Ethereum layer-2 solution designed to …

Bitcoin Virtual Machine (BitVM) Integrates with Filecoin

by The AfroCryptopianBlockchain, News March 8, 2024March 8, 2024One Comment

The landscape of cryptocurrency undergoes a significant transformation as the Bitcoin Virtual Machine (BitVM) integrates with Filecoin, orchestrated by the innovative efforts of Lighthouse. This pivotal collaboration signals a leap forward for Bitcoin Layer 2 solutions, ushering in an era marked by heightened efficiency and expanded capabilities for both developers and users. At the heart …

Blast L2 Mainnet Launches, Offering New Features to the Ethereum Ecosystem

by The AfroCryptopianBlockchain, News March 7, 2024March 7, 2024No Comments

The Blast L2 network, co-founded by Blur NFT marketplace’s Tieshun “Pacman” Roquerre, has made headlines with its innovative approach to Ethereum Layer 2 solutions. Since November 2023, Blast has captivated investors, boasting over $500 million in Total Value Locked (TVL) and a rapidly growing user base of 50,000. What sets Blast apart is its distinction …

AI generated image depicting game developers working with immutable and amazon web services

Immutable and Amazon Web Services (AWS) Collaborate to Supercharge Web3 Game Development

by The AfroCryptopianBlockchain, News October 13, 2023October 13, 2023No Comments

In an exciting development in the world of Web3 gaming, Immutable, a leading blockchain gaming platform, has forged a strategic partnership with Amazon Web Services (AWS). This collaboration is set to usher in a new era of innovation, offering game developers expanded options and powerful resources for their projects. Immutable has garnered significant attention as …

The Rise of SocialFi: Decentralized Social Media Meets Finance

by The AfroCryptopianBlockchain, Cryptocurrencies, News October 11, 2023October 12, 2023No Comments

In the ever-evolving landscape of Web3, a new concept known as SocialFi is taking center stage. SocialFi, or SoFi, which combines social media and decentralized finance (DeFi), represents a groundbreaking shift in the way we interact with social platforms and manage our digital identities. As of today, the most popular SocialFi apps include Friend.tech, Hooked …

The POL Upgrade on Polygon Network: Everything You Need to Know

by The AfroCryptopianBlockchain, News August 31, 2023September 28, 2023No Comments

The blockchain ecosystem is continually evolving, with platforms often updating their frameworks to offer better scalability, security, and interoperability. One such significant development that has garnered a lot of attention lately is the POL upgrade on the Polygon (formerly known as Matic) network. If you’re a developer, investor, or a cryptocurrency enthusiast, this article aims …

The Metaverse: Where AI, Blockchain, and Mixed Reality Hardware Converge

by The AfroCryptopianBlockchain, Metaverse August 28, 2023August 28, 2023No Comments

In a universe not too far from our own, imagine stepping into a digital dimension where reality and imagination seamlessly merge. Here, your cherished digital art holds the same gravitas as a real-world Picasso, and virtual assistants evolve beyond mere code, genuinely grasping and adapting to your distinct desires. This is the Metaverse, a mesmerizing …