Zack Gall, EOS Network Foundation: On forking to a new protocol

EOS Network

Zack Gall, VP of communications at EOS Network Foundation, spoke with The Block ahead of EOS's upcoming talks at Blockchain Expo Europe on 20-21 September.

The Block: What is the EOS Network Foundation’s current core focus?Zack Gall: We serve as the hub and shepherd of the EOS Network, coordinating both financial and non-financial forms of support to encourage the growth and development of the EOS Network, through its constituent projects, entities, and creators. It’s a...

Canada’s Conservative Party elects pro-crypto Pierre Poilievre

Canada Symbolism

Pierre Poilievre, a staunch crypto advocate and Ontario Member of Parliament, has won the Conservative Party of Canada’s (CPC) leadership race by a major margin.

The Alberta-born lawmaker, who said he “wants to make Canada the blockchain capital of the world”, garnered 68% of the conservative vote. His closest rival, former Quebec premier Jean Charest, netted a meagre 16% of total votes.

As the new leader of the country’s main opposition party, Poilievre is...

Nigeria plans to create a crypto-friendly free zone with Binance

Nigeria

The Nigerian government is in discussions with crypto exchange Binance regarding a potential crypto-friendly economic zone similar to Dubai’s virtual free zone.

On 2 September, the Nigeria Export Processing Zones Authority (NEPZA), announced that it had held preliminary meetings with Binance and tech infrastructure firm Talent City to talk over the proposed “first Virtual Free Zone in West Africa”.

The zone would focus on blockchain and the digital economy, making...

OpenSea will not support forked NFTs after ETH Merge

Sailing

With the Ethereum Merge scheduled for 15 September, NFT marketplace OpenSea has said it plans to focus its support on NFTs that are on the upgraded proof-of-stake (PoS) blockchain.

The company took to Twitter to confirm that whilst the OpenSea team is not speculating on potential forks, they will not be reflected on the OpenSea marketplace as the platform will only be supporting the upgraded Ethereum chain.

The NFT marketplace also highlighted that its team is preparing...

‘Most of crypto is going to go away’ says JPMorgan blockchain lead

Trash

JPMorgan head of blockchain and digital assets, Umar Farooq, has stated that the majority of crypto assets on the market today are “junk” and that it will take time for real crypto use cases to emerge.

During a panel at the Monetary Authority of Singapore’s Green Shoots Seminar on 30 August, Farooq also said that regulation in the digital asset space was not keeping up with the industry’s advances.

In his view, this is holding bacl many traditional finance...

Chris Dixon, a16z, says crypto can shift power away from Big Tech

Web3 network

After raising a record-breaking $4.5 billion (£3.8bn) for its latest crypto fund earlier this year, Andreessen Horowitz (a16z) has said it sees the ongoing market downturn as an investment opportunity.

Chris Dixon, the founder of a16z’s crypto arm, believes cryptocurrency has the ability to disrupt the power imbalance between consumers and big tech companies like Meta and Twitter.

In an interview on FT's Tech Tonic podcast, Dixon said that power on the internet...

Samsung was the most active investor in blockchain this year

Samsung

Market intelligence platform Blockdata has identified Samsung as the most active investor in blockchain over the past year.

The Korean tech giant participated in thirteen funding rounds from September 2021 to June 2022 for companies including Bored Apes Yacht Club developer Yuga Labs, Axie Infinity owner Sky Mavis, and blockchain gaming company Animoca Brands.

Most of the corportation’s investments came from Samsung Next, the innovation arm of Samsung Electronics that...

Polygon decentralised apps increase to 37,000, up 400% in 2022

Layer 2 Ethereum scaling platform Polygon has seen more than 37,000 decentralised applications (dApps) developed on its network, a 400% increase since the start of 2022.

The figures were sourced from partnered Web3 development platform Alchemy and represent the cumulative number of applications ever launched on both the Polygon testnet and mainnet.

In terms of active developer teams, Polygon reached 11,800 at the end of July, up 47.5% since March.

The project...

Meta expands its Instagram NFT features to 100 countries

Instagram

After launching a non-fungible token (NFT) pilot on Instagram for American users earlier this year, Meta has announced plans to expand its NFT features to as many as 100 other countries.

The test launch for the NFTs on Instagram went live in May to select creators in the United States.

The planned expansion will let users from the Americas, Africa, the Middle East, and the Asia-Pacific to get in on the action.

With the enhanced allowance, users will now be able...

Nomad raises £18.4m for secure cross-chain DeFi protocol

Bridge

DeFi cross-chain interoperability protocol Nomad has secured a $22.4 million (£18.4m) seed round from leading investors in the crypto industry.

Crypto investment firm Polychain led the round, with Coinbase Ventures, Crypto.com Capital, OpenSea, Wintermute, Gnosis, Algaé and Polygon all participating too.

This financing round will be used to expand Nomad to other blockchains, helping it create a more secure cross-chain bridge encryption ecosystem, where different...