Friend.Tech to build own blockchain, ending dependence on Base

Friend.Tech to build own blockchain, ending dependence on Base

With the introduction of its proprietary blockchain, Friendchain, and the native FRIEND token, the socialFi app Friend.Tech is stepping away from its existing framework within the Ethereum ecosystem and the layer-2 solution Base.

The announcement of this proprietary cryptographic network has sparked considerable controversy and concern within Friend.Tech's community. Users are demanding explanations for the team's decision to abandon Ethereum's infrastructure in favour of their...

£11.4m blockchain initiative set for 2024 launch in South Korea

South Korea launches comprehensive blockchain support initiative

The South Korean government has invested 20 billion Won (£11.4 million) in developing local blockchain expertise to reinforce its position in the blockchain industry.

Led by the ministry of science and ICT and the Korea Internet & Security Agency (KISA), the project is focused on refining and expanding blockchain services for both public and private uses.

The public sector is seeing significant advancements with the government's focus on six blockchain-enhanced...

Stripchain secures $10M in funding to enhance blockchain usability

Stripchain secures $10M in funding to enhance Blockchain usability

For the crypto industry, enhancing user experience is critical, particularly the ease of executing on-chain transactions without concern for the underlying blockchain. Several crypto startups, known for their innovation, are tackling this challenge to make crypto more accessible.

The concept of "chain abstraction," where users can interact with decentralised applications without explicit awareness of the underlying blockchain infrastructure, is viewed as a promising avenue toward...

EU commission encouraged to lead blockchain and AI integration

EU commission encouraged to lead blockchain and AI integration

The EU has been urged to take the lead in finding harmony between blockchain and AI.

This advice was given to national regulators by the European Blockchain Observatory and Forum (EUBOF), an EU-commissioned body that monitors and examines blockchain developments across Europe. In its final report published on May 24, the EUBOF team highlighted the potential for blockchain to integrate with other technologies to drive innovation.

The report's release follows the EU's...

Brickken joins the first-ever PwC scale tokenisation & digital assets program 

Brickken ($BKN), a specialist in the real-world asset industry, has been selected to participate in PwC’s Scale | Digital Assets program, a collaborative initiative with GrowthBuilders.

This follows a recent expansion towards Coinbase’s L2 Network and its first institutional client in the form of a venture capital fund based in Germany, further cementing Brickken’s aim at accelerating institutional adoption. 

The PwC Scale program is tailored to expedite the...

Tokenovate collaborates with Land Carbon to design tokenised high integrity carbon credits

Tokenovate, a trading lifecycle management platform company, has collaborated with Land Carbon, a UK developer representing multiple peatland carbon management project owners.

This project exemplifies Tokenovate's strategic focus on the carbon credit space with respect to streamlining and optimising the end-to-end carbon credit transaction lifecycle, including asset creation, tokenisation, custody and trading. Specifically, the collaboration will seek to enhance the value of...

Zeeve RaaS partners with Memento for the launch of its zkSync Layer2 Hyperchain

Chain links.

Zeeve RaaS has teamed up with Memento as their chosen Rollups-as-a-Service provider for the new L2 Hyperchain built with the zkSync ZK Stack.

The traditional financial sector often hesitates to fully adopt public blockchains due to security and customisation concerns. To address this, Memento is launching a new Hyperchain designed to provide a secure, customised and controlled blockchain environment for institutional players where dApps can thrive. Utilising zkSync’s advanced ZK...

Proofworks launches to unlock a new era of digital transformation in the spirits industry

London-based Proofworks has been launched with a proprietary SaaS solution to digitalise the entire spirits supply chain, from production, maturation and bottling, to customer engagement and digital ownership.

Combining user-friendly solutions with the latest in powerful Web3 technologies, the Proofworks platform aims to surface previously unseen data and insights, allowing for optimisation and transparency at every stage of the product journey.

This is a key time for...

Cobo and Coincover join forces with XLink to drive Bitcoin’s evolution into DeFi

Cobo, a provider of digital asset custody solutions, has formed a strategic partnership with XLink, a pioneering intent-based omnichain Bitcoin liquidity network and a subsidiary of ALEX, the leading DeFi platform on Bitcoin.

Alongside Coincover, a UK-based digital asset protection company, this dynamic alliance is poised to transform Bitcoin’s integration into DeFi by leveraging Cobo’s cutting-edge multi-party computation (MPC) custody technology with XLink’s innovative...

Coincover launches Protected Co-Signing for ultimate transaction protection

Coincover, a blockchain protection company, has launched its Protected co-signing product to further reduce the risk in digital asset transactions.  

The new service adds an additional layer of protection onto the existing co-signing model within digital asset custody. While the emergence of multi-sig wallets allowed different parties to share custody and reduce risk of loss from disaster scenarios, the addition of Coincover’s proprietary technology into the co-signing model...