Author: Yeek.io

What Are Soulbound NFTs?Blockchain-based digital tokens known as Soulbound NFTs are immutable between owners. In contrast to traditional NFTs, SBTs are permanently locked with the player’s virtual avatar. Vitalik Buterin, a co-founder of Ethereum, is credited with coming up with the idea in order to aid in the development of reputation-based Web3 platforms.FeatureTraditional NFTsSoulbound NFTsTransferableYesNoOwnershipCan change handsPermanentUse CasesTrading, sellingAchievements, reputationValue TypeMarket-drivenPersonalHow Soulbound NFTs Work in GamingSoulbound NFTs work by being assigned to a player’s account through smart contracts. Once an SBT is issued, it remains with that account permanently. These NFTs can be used in different ways within games:Achievement Badges:…

Monday 8 July 2024 A new case study showcases the successful implementation of cross-chain Delivery versus Payment (DvP) settlement using EEA DLT Interoperability Specification The Enterprise Ethereum Alliance (EEA) today released a new case study today demonstrating a successful implementation of its Distributed Ledger Technology (DLT) Interoperability Specification. The Distributed Ledger Technologies Interoperability Case Study highlights a Delivery versus Payment (DvP) settlement process involving multiple DLT networks. Key highlights of the case study include: Successful interoperability between a private permissioned Corda network for securities management and a private permissioned Ethereum network for payments Implementation of atomic settlement as per the…

Pi Network, a long-standing project since 2019, has recently announced its listing on the CEX OKX and is also showing potential for a launch on the largest CEX, Binance. Pi Network is one of the cryptocurrency mining applications introduced in 2019. With the goal of creating an easy-to-use cryptocurrency network that can be mined on mobile devices without consuming as much energy as traditional cryptocurrencies like Bitcoin. The project, although not yet Mainnet and TGE, has attracted a huge number of users to participate in the project. Binance Opens Community Vote for Pi Network According to the announcement on the…

Another big crypto hack has rocked the industry. Infini, a crypto fintech company, lost $49 million in USDC, and the twist? The hacker was one of their own developers.Blockchain security firm Cyvers revealed that the developer had secretly kept admin access to the project even after completing it. For over 100 days, there was no sign of trouble, but then out of nowhere, they funded their wallet through Tornado Cash, a crypto mixer often associated with suspicious activities. 🚨ALERT🚨Today, @0xinfini suffered a $49M $USDC exploit due to an attacker abusing retained administrative privileges.The attacker, operating from 0xc49b5e5b9da66b9126c1a62e9761e6b2147de3e1, had initially developed the…

Sei (SEI) has been experiencing a protracted decline over the past several weeks, regaining key levels while the market continues moving sideways. Today, market analyst MACrypto Alex disclosed that SEI is trying to break above a short-term downward momentum as selling pressure decreases. $SEI is attempting to break above its short-term downtrend.Trump’s project bought it a few days ago and since then it has shown some signs of recovery.A 12H close above $0.29 and SEI will start rallying hard pic.twitter.com/MTngadfFGt— AMCrypto (@AMCryptoAlex) February 23, 2025 SEI showing recovery MACrypto Alex suggested that new buying activity could be pushing the asset’s…

Chainlink (LINK) is proving to be remarkably resilient in a challenging market. The digital asset stays at about $16.64, but recently its network reached a noteworthy milestone when 2,298 new addresses entered the ecosystem, signifying the most major increase since January. Although LINK is always trying to breach the $20 pricing limit, this increase of activity suggests a rising adoption. Market Dynamics Present A Multifaceted Picture The trading patterns of LINK indicate a persistent struggle with the $18 resistance level, which is also the 200-day exponential moving average (EMA). The asset continues to stand firm, despite numerous abortive attempts to…

My name is Godspower Owie, and I was born and brought up in Edo State, Nigeria. I grew up with my three siblings who have always been my idols and mentors, helping me to grow and understand the way of life. My parents are literally the backbone of my story. They’ve always supported me in good and bad times and never for once left my side whenever I feel lost in this world. Honestly, having such amazing parents makes you feel safe and secure, and I won’t trade them for anything else in this world. I was exposed to the…

17 July 2024 EEA today published the DeFi Risk Assessment Guidelines, Version 1 <https://entethalliance.org/specs/defi-risks/>. This is a pioneering document compiling risks for DeFi protocols, along with mitigation strategies. The guidelines also cover the documentation and data a project should have available to help investors assess and manage those risks and mitigations. The standard has been produced, and will be maintained, by the EEA’s DRAMA Working Group. That group has brought together top representatives of the blockchain and financial industries to fortify the DeFi ecosystem against a spectrum of risks. Banco Santander, Bitwave, C4, Certik, Coinchange, Consensys, Cryptio, Cube.AI, DeFi Safety,…

Presales offer investors access to new cryptocurrencies before they list on exchanges, often providing the lowest possible entry price.  However, not all crypto presales are created equally. While some projects are fundamentally solid and have high growth potential, others carry more risk. That’s why it’s crucial to do due diligence and understand factors such as market dynamics, use cases, and momentum. With that in mind, we’ve analyzed the market to identify the best crypto presales to buy now. Read on to find our top picks. Solaxy When it comes to presales with substantial growth potential, Solaxy could be the winner.…

Homepage > News > Business > India-Qatar trade expands beyond energy to AI, semiconductors India is expanding its trade relations with Qatar by moving beyond traditional energy exports and collaborating on new sectors like artificial intelligence (AI), semiconductors, quantum computing, and the Internet of Things (IoT). At the invitation of Indian Prime Minister Narendra Modi, His Highness the Amir of the State of Qatar, Sheikh Tamim bin Hamad Al-Thani, paid a State Visit to India on February 17 and 18. HH the Amir was accompanied by a high-level delegation comprising ministers, officials and business leaders. This was the second State…