Rarible Plots Multi-Chain NFT Long term With Ethereum, Stream, Tezos and Far more

In brief

  • Rarible announced strategies this week to guidance Tezos NFTs, signing up for recent platforms Ethereum and Solana.
  • The platform, which also a short while ago launched a messenger services, also options to increase Solana and Polygon assistance.

NFT marketplace Rarible could show up equivalent to foremost rival OpenSea at a glance, but it has taken a different approach towards serving electronic collectors. Rarible’s RARI governance token gives end users a say in its foreseeable future and stake in its good results, for illustration. However, the market is also pushing more rapidly for a multi-chain long run over and above the major current network for NFTs, Ethereum.

In November, Rarible launched assistance for Move, Dapper Labs’ burgeoning blockchain community that plays host to NBA Best Shot. And past 7 days, the market declared ideas to increase guidance for Tezos NFTs in mid-December.

Tezos doesn’t have any where around the degree of NFT trading quantity of Ethereum, but it hosts a vibrant crypto art group and has been supported by creators like blue chip NFT artist XCOPY and Linkin Park member Mike Shinoda. Its largest NFT market, Hic et Nunc, lately shut down, but an equivalent “mirror” market was recreated inside times.

Bringing the Ethereum, Circulation, and quickly Tezos NFT ecosystems with each other tends to make Rarible one of a kind, uniting three layer-1 blockchains under a single umbrella.

FTX US at the moment supports Ethereum and the rising Solana NFT ecosystem, although OpenSea supports Ethereum, Klaytn (popular in South Korea), and layer-2 Ethereum scaling solution Polygon. OpenSea, for its component, announced strategies earlier this yr to guidance each Circulation and Tezos, but neither integration has occur to fruition nonetheless.

“For now, we’re the only marketplace that supports various layer-1 chains,” Rarible CEO and co-founder Alexei Falin instructed Decrypt last week at NFT BZL in Miami. “Most other marketplaces just aid layer-2 chains these types of as Polygon, which we will roll out quite shortly, as properly.”

Falin also verified that guidance for Solana is “very close” on their roadmap as properly. Solana support is becoming formulated internally at Rarible, whilst Tezos builders have dealt with their own implementation into the marketplace protocol. By constructing open up-resource, he claimed, it is much easier to pool means and permit blockchain creators create on leading of Rarible’s protocol.

Movement is an interesting piece of the equation. There are many builders making on the blockchain—additional than 600, says Dapper Labs—but most of those people tasks are nevertheless out on the horizon. NBA Top rated Shot has been a significant strike and Dapper has an NFL equivalent, NFL All Working day, launching quickly, but Flow’s wider NFT ecosystem could swiftly speed up once a lot more initiatives debut.

Falin explained Dapper as staying “pretty successful” at wooing intellectual residence holders to the Stream ecosystem, and called the blockchain’s long term growth a “really large opportunity” for Rarible. Users can mint their very own NFTs on Circulation with Rarible, way too, giving any individual accessibility to the progressively decentralized blockchain community, which is fewer expensive to use than Ethereum.

Rarible also just not long ago released a very first-of-its-variety crafted-in market messaging service, letting potential NFT purchasers and sellers communicate immediately through their Ethereum wallet addresses. That saves the stress of attempting to get in speak to by means of Twitter or Discord.

Rarible finally plans to spin the messenger instrument out into a standalone products that other World wide web3 builders can implement, as effectively. In this case, Falin mentioned that what advantages Rarible in the beginning can in the long run profit the whole NFT ecosystem, as effectively. “We’re making an attempt to establish products and solutions that market wants, and also the goods that Rarible desires,” he described.

Late past yr, prior to the NFT marketplace seriously took off, Rarible was building additional month to month Ethereum buying and selling volume than OpenSea. Which is no longer the situation: OpenSea has logged various $3 billion months of late, per knowledge from Dune Analytics, while Rarible’s greatest thirty day period was just higher than $21 million in buying and selling volume in August.

Falin thinks that it is however early in the NFT current market and that trends and pursuits are quickly switching, but he also instructed that Rarible is developing in a distinctive way.

Amongst its token-based local community ownership and sustaining a protocol that other applications can faucet into and make upon, Rarible is focusing on other edges that towering ETH tallies by itself can’t quantify. Monday’s information that OpenSea is setting up to at some point go community with a conventional IPO, possibly as an alternative of a token airdrop to early people, may well only enhance that see.

“We have a minor little bit various technique to OpenSea,” reported Falin. “We are trying to be a World-wide-web3-indigenous company—decentralized as a lot as we can.”

The post Rarible Plots Multi-Chain NFT Long term With Ethereum, Stream, Tezos and Far more appeared first on Soltimes.

NFT partnerships and protocol integrations boost Tezos, WAX and Aleph.im

A slew of new NFT-related partnerships and integrations with DeFi platforms sparked a rally in XTZ, WAXP and ALEPH.

The roller coaster ride that is the cryptocurrency market continued its volatile ways on Dec. 8 as Bitcoin (BTC) price briefly slipped below the $49,000 level. Despite the setback, there are still clear signs that crypto mass adoption is taking place, a prime example being Visa’s announcement that it will launch crypto consulting and advisory services for merchants and banks. 

Analysts expect that Bitcoin will continue to search for firmer footing and while this process plays out, Ether and a handful of mid and low-cap altcoins are booking moderate gains.

Top 7 coins with the highest 24-hour price change. Source: Cointelegraph Markets Pro

Data from Cointelegraph Markets Pro and TradingView shows that the biggest gainers over the past 24 hours were Tezos (XTZ), WAX (WAXP) and Aleph.im (ALEPH).

Ubisoft launches NFTs on Tezos

Tezos is a layer-one blockchain protocol that includes a built-in mechanism that allows the network to evolve and upgrade over time without the need for hard forks.

VORTECSâ„¢ data from Cointelegraph Markets Pro began to detect a bullish outlook for XTZ on Dec. 5, prior to the recent price rise.

The VORTECSâ„¢ Score, exclusive to Cointelegraph, is an algorithmic comparison of historical and current market conditions derived from a combination of data points including market sentiment, trading volume, recent price movements and Twitter activity.

VORTECSâ„¢ Score (green) vs. XTZ price. Source: Cointelegraph Markets Pro

As seen in the chart above, the VORTECSâ„¢ Score for XTZ began to pick up on Dec. 4 and climbed to a high of 87 on Dec. 5, around 21 hours before the price increased 60.5% over the next two days.

The surge in XTZ price took place after Ubisoft, one of the top three video game companies, announced that it would be releasing its first line of in-game playable NFTs on the Tezos network, beginning with Ghost Recon: Breakpoint.

WAX welcomes Amazon and Mattel to its ecosystem

WAX is a purpose-built NFT blockchain designed to provide brands with all the tools necessary to launch a NFT collection and make e-commerce transactions faste and more secure for all parties involved.

VORTECSâ„¢ data from Cointelegraph Markets Pro began to detect a bullish outlook for WAXP on Dec. 4, prior to the recent price rise.

VORTECSâ„¢ Score (green) vs. WAXP price. Source: Cointelegraph Markets Pro

As seen in the chart above, the VORTECSâ„¢ Score for WAX spiked into the green zone on Dec. 4 and reached a high of 81 around 40 hours before the price increased 84.8% over the next two days.

The spike in momentum for WAXP comes as it was announced that Amazon had entered the WAX ecosystem after making an investment in the collectible marketplace Dibbs while it was also announced that three leading toy companies, Funko, Mattel and Hasbro, have partnered with WAX for “Sellout Collections.”

Related: Bitcoin rebounds on Wall Street open as exchange BTC reserves plunge after $42K dip

Aleph provides analytics support for Serum

Aleph.im is a cross-chain protocol focused on the creation of a decentralized database including file storage, computing and a decentralized identity (DID) framework.

VORTECSâ„¢ data from Cointelegraph Markets Pro began to detect a bullish outlook for ALEPH on Dec. 5, prior to the recent price rise.

VORTECSâ„¢ Score (green) vs. ALEPH price. Source: Cointelegraph Markets Pro

As seen in the chart above, the VORTECSâ„¢ Score for ALEPH hit a high score of 80 on Dec. 5, around 31 hours before the price increased 38% over the next two days.

The climbing price of ALEPH comes after the protocol announced that it is now providing its indexing solution to the Solana-based decentralized exchange Serum, a move which should help to increase the ability to obtain DeFi analytics on the Solana network.

The overall cryptocurrency market cap now stands at $2.373 trillion and Bitcoin’s dominance rate is 40.1%.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.

Video Game Giant Ubisoft Launches NFT Platform, Software Firm’s Blockchain-Tech Runs on Tezos

Video Game Giant Ubisoft Launches NFT Platform, Software Firm's Blockchain-Tech Runs on Tezos

The French video game manufacturer based in Montreuil, Ubisoft Entertainment SA, has announced the company has launched a blockchain-based platform called Ubisoft Quartz. According to the company, the platform will enhance specific games with playable and energy-efficient non-fungible token (NFT) assets.

Ubisoft Quartz Revealed

For quite some time, video game companies have shown strong interest in NFT technology and blockchain-based games. Earlier this year, firms like Square Enix, Ubisoft, and Electronic Arts have been hinting at moving in the NFT direction. Now Ubisoft has announced it has launched a platform that will leverage the Tezos (XTZ) blockchain to utilize NFT technology.

“Introducing Ubisoft Quartz,” the gaming company tweeted on Tuesday. “We’re bringing the first energy-efficient NFTs playable in a AAA game to Ghost Recon: Breakpoint. Try it in the beta from December 9 with three free cosmetic drops.”

Video Game Giant Ubisoft Launches NFT Platform, Software Firm's Blockchain-Tech Runs on Tezos

Ubisoft is well known for its franchise gaming titles like “Assassin’s Creed,” “Prince of Persia,” the Tom Clancy game franchise, “Rabbids Invasion,” and “Just Dance.” The Ubisoft Quartz website notes that the platform is a “place where you can acquire Digits, the first Ubisoft NFTs (non-fungible tokens), playable in an HD game and rely[ing] on an energy-efficient technology.” The company adds:

Digits will allow you to complete your missions in style.

Tezos Native Token Skyrockets Following Ubisoft’s Announcement, Ubisoft’s Digit NFTs Aim to Be Unique

The web portal shows a few items that could help a player compete in style with NFT items like an M4A1 tactical rifle, an enhanced helmet, and enhanced pants, all of which are limited edition. Meanwhile, after Ubisoft revealed the NFT platform and disclosed the company was working with Tezos, the crypto asset XTZ skyrocketed in value during the last 24 hours. At the time of writing on Wednesday, December 8, XTZ is up 26% in USD value.

The three NFT drops for Tom Clancy’s Ghost Recon game are free, the web portal details, but only Ghost Recon Breakpoint Ubisoft Connect PC players can acquire and play with Digits. “Every single Digit features a serial number,” Ubisoft says. “This serial number is displayed on the collectible and on the in-game item. Each Digit will also be tied to the player names of all its previous and current owners.” Ubisoft’s NFT platform description also notes:

The combination of a serial number and ownership history makes each Digit truly unique.

What do you think about Ubisoft entering into the world of NFT technology with Tezos and the Ubisoft Quartz gaming platform? Let us know what you think about this subject in the comments section below.

Ubisoft launches Ubisoft Quartz platform for playable and energy-efficient NFTs

Starting with Ghost Recon Breakpoint, Ubisoft will drop NFTs to PC players on the Tezos blockchain on Thursday.

French video game publisher Ubisoft announced its first foray into nonfungible tokens (NFTs) via a new platform called Ubisoft Quartz to launch in beta this week with Ghost Recon Breakpoint for PC players on Ubisoft Connect. 

Related: Microsoft muscles into the metaverse with Teams updates and Xbox upgrades

According to a statement shared on the Ubisoft website, players can get collectible pieces of Ubisoft game worlds called Digits, which are “the first NFTs playable in AAA games and running on energy-efficient technology.” Digits, such as in-game vehicles or weapons, will be released in limited quantities and editions and rewarded to early adopters for free on December 9, 12, and 15 in the United States and Canada. Quartz will also be available in Brazil, Spain, France, Belgium, Germany, Italy and Australia.

Ubisoft Quartz’ energy-efficient technology is leveraged on the proof-of-stake blockchain Tezos. Didier Genevois, Ubisoft’s blockchain technical director, expressed the company’s commitment to reducing its global footprint in an interview published on the corporate website:

“This type of blockchain achieves the same results while using significantly less energy than proof-of-work protocols. To give you an idea, a transaction on Tezos is equivalent to 30 seconds of video streaming, while on Bitcoin, it is equivalent to watching one year straight of video streaming!”

Previously, however, Ubisoft had partnered with distribution platform Ultra to leverage its games on the UOS blockchain. Cointelegraph reached out to Ubisoft to learn about their relationship with Ultra. No comment was received before the time of publication.

Related: Ubisoft will seek to invest in and create blockchain games

In the same interview with Genevois, Ubisoft’s blockchain product director Baptiste Chardon added his take on NFTs and gaming:

“This new approach can even, on a longer term, open up new opportunities such as interoperability between games. […] We see blockchain as a means of placing back into the hands of players and creators the value they generate through their engagement with their games.”

Ubisoft ranks among the top 25 largest gaming companies worldwide in terms of market capitalization, hovering over $5.8 billion. And it is significant that a AAA gaming company is championing blockchain technology when other companies like Valve have recently removed blockchain games from their marketplaces.

3 reasons why Tezos (XTZ) price broke its downtrend with a 50% rally

XTZ price broke its downtrend with a swift 50% rally once news that Ubisoft’s new NFT platform is built on Tezos blockchain made the rounds in various media.

2021 has been a breakout year for the cryptocurrency market and aside from Bitcoin price soaring to new highs, the emergence of a vast decentralized finance (DeFi) ecosystem and the rising popularity of nonfungible tokens (NFTs) has thrust blockchain technology into the mainstream in a way that looks guaranteed to ensure mass adoption. 

One project that has benefited from its focus on NFTs and the ongoing green revolution is Tezos (XTZ), a layer-one smart contract protocol that is capable of evolving its network without needing to undergo a hard fork.

Data from Cointelegraph Markets Pro and TradingView shows that after hitting a low of $3.23 on Dec. 3, the price of XTZ reversed course, gaining 68% to reach an intraday high of $5.45.

XTZ/USDT 1-day chart. Source: TradingView

Three reasons for the price recovery seen in Tezos are the launch of Ubisoft NFTs on the Tezos blockchain, the projects’ focus on creating an environmentally friendly blockchain platform and rising transactions and protocol revenue on the Tezos network.

Partnership with Ubisoft

The most recent development for Tezos, which really got the price moving, was the announcement of a significant partnership with video game maker Ubisoft.  The gaming company is launching Ubisoft Quartz, a platform where users can acquire unique NFTs called Digits, which can be used in-game and the platform will utilize Tezos blockchain.

Blockchain-based gaming has emerged as one of the hottest sectors of the cryptocurrency ecosystem in the second half of 2021 and a partnership with one of the largest video game makers in the world could lead to long-term bullish outcomes for Tezos.

The beta for Ubisoft Quartz is scheduled to launch on Dec. 9 and will be open to players of Tom Clancy’s Ghost Recon: Breakpoint. Players who meet certain criteria will be able to claim three free cosmetic NFTs from drops for early adopters of the platform.

Focus on environmental sustainability

Another reason for the growing strength of Tezos is the protocol’s focus on creating an environmentally friendly and sustainable blockchain network. The network utilizes a proof-of-stake consensus mechanism that is known to offer an energy-efficient alternative to more traditional proof-of-work blockchains such as Bitcoin (BTC).

According to a report released by the project, “the total annual carbon footprint of the Tezos blockchain is equivalent to the average energy footprint of 17 global citizens.”

Reducing the energy required to operate the Tezos network, which has been a goal of the project for some time, has resulted in a 70% increase in energy efficiency on a per-transaction basis for the network in 2021, resulting in the “electricity requirement per transaction being less than 30% in 2021 than what it was in 2020.”

Related: Tezos blockchain records 70% increase in energy efficiency in 2021: PwC report

Transaction volumes and revenues rise

In just the past few days, the Tezos network has seen an increase in transaction volume and protocol revenue as each spiked to the highest levels seen in 2021.

XTZ daily transaction volume vs. total revenue. Source: Token Terminal

As seen in the graph above, the transaction volume on Tezos surged to a record-high $369 million on Dec. 3, which could be a hint that some investors had caught wind of the Ubisoft news. 

The jump in activity and revenue came as the project announced the completion of its Hangzhou upgrade, the eighth protocol upgrade for the Tezos network, which demonstrated the project’s ability to self-amend and upgrade without the need to conduct a hard fork.

VORTECSâ„¢ data from Cointelegraph Markets Pro began to detect a bullish outlook for XTZ on Dec. 5, prior to the recent price rise.

The VORTECSâ„¢ Score, exclusive to Cointelegraph, is an algorithmic comparison of historical and current market conditions derived from a combination of data points including market sentiment, trading volume, recent price movements and Twitter activity.

VORTECSâ„¢ Score (green) vs. XTZ price. Source: Cointelegraph Markets Pro

As seen in the chart above, the VORTECSâ„¢ Score for XTZ began to pick up on Dec. 4 and reached a high of 87 on Dec. 5, around 21 hours before the price increased 49% over the next two days.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.

Tezos blockchain notes power savings after PoS switch: PwC report

The switch to proof-of-stake has had noticeable energy saving effects for the Tezos network.

Tezos, a privacy focused blockchain network, released its carbon footprint report from PricewaterhouseCoopers Advisory SAS — a French member firm of the PwC network of member firms. 

The PwC report reflects drastic improvements in energy efficiency for Tezos since moving from a proof-of-work (PoW) mining consensus to a proof-of-stake (PoS) one. 

The PwC report highlighted a significant decline in carbon emission by Tezos network despite a rise in network activity. Tezos blockchain accounted for 50 million transactions while, according to the report, the whole network constituted an energy footprint of 17 world citizens. 

The energy efficiency for each transaction on the network increased by 70% while the estimated electricity requirement per transaction was 30% lower than in 2020.

“As more brands and companies factor energy consumption into business decisions, an energy efficient blockchain like Tezos is well poised to meet their needs and deliver efficient, secure, and reliable operations,” said Reid Yager, global director of communications at Blokhaus, a marketing firm associated with Tezos.

The annual energy consumption of the Tezos network is estimated to be at 0.001 Terawatt hours (TWh), which is negligible when compared to the likes of Bitcoin (BTC) at 130 TWh and Ethereum (ETH) at 26 TWh. Tezos consumes nearly 2.5 g CO2 equivalent per transaction

Related: French retail giant will launch Tezos-based stablecoin

The change to PoS has not only helped the Tezos network decrease its carbon footprint, but also opened new avenues in the nonfungible tokens (NFT) and decentralized finance. Tezos has been selected by Red Bull Racing, Honda and McLaren Racing as their NFT launch platform. It was also awarded as the blockchain of choice by Art Basel Miami Beach for its ecosystem exhibition.

There has been a significant increase in the number of blockchain networks making a switch from PoW to PoS owing to energy consumption issues and scalability complexities. Apart from Tezos, ZCash (ZEC), another privacy focused blockchain network. is making a switch to PoS. Most of the blockchain networks making the switch are looking to steer clear of the energy consumption FUD associated with the PoW mining consensus.