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CDS Crypto News Breaking Crypto News – Discover What Happened This Week with the 17-23 June Nifty Newsletter

Crypto News

Breaking Crypto News – Discover What Happened This Week with the 17-23 June Nifty Newsletter

lectertodd20/06/20241 Mins read106

Breaking Crypto News – Must-Read News from the 17-23 June Nifty Newsletter

Breaking Crypto News – This week’s newsletter includes information on how Ronin, the NFT blockchain, is getting ready to introduce a zero-knowledge Ethereum Virtual Machine (zkEVM) blockchain in order to expand Web3 gaming. Second, it discusses the triumph of NFTs based on Bitcoin, which now hold the top three positions in terms of total sales. In other developments, a special interview with Cointelegraph delves deeper into the necessity of music in the metaverse.

Table of Contents

Ronin zkEVM Will Be Released Soon

A zero-knowledge layer-2 chain called Ronin zkEVM is being introduced by the gaming blockchain Ronin. The objectives of this ZK chain are to assist gaming studio partners and increase user capacity. Having been developed first for Axie Infinity, Ronin today boasts 1.4 million daily active addresses and serves a wider gaming ecosystem. Scalability, cross-chain experiences, and staking incentives will all be improved by the zkEVM chain.

Bitcoin NFTs Increase Momentum to Rank 3rd

In terms of total NFT sales, the Bitcoin network has surpassed the Ronin blockchain and is now ranked third. After Solana and Ethereum, Bitcoin was ranked third on June 18, according to CryptoSlam data, which revealed that Bitcoin-based NFTs had surpassed Ronin’s $4.27 billion sales volume of all-time.

A New Era for Web3 and the Music Industry

Music integration into virtual worlds like the metaverse could undergo a revolutionary change if intellectual property is tokenized. Complex talks with the music business are now impeding the integration of music into metaverses, as Sergio Mottola, CEO of Music Protocol and the Web3 Music Association, revealed in a Cointelegraph interview.

FAQ

What is the Highest NFT Sales of All Time?

The most expensive NFT ever sold was The Merge, PAK’s NFT Artwork, at $91.8 million.

What is a zkEVM Chain?

A zero-knowledge Ethereum Virtual Machine (zkEVM) is a virtual machine that runs smart contract transactions with zero-knowledge-proof computations while making it compatible with the existing Ethereum infrastructure.

For more up-to-date crypto news, you can follow Crypto Data Space.

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lectertodd

Lectertodd is 27 years old. She graduated from Çankaya University, Department of Psychology, in 2021. She actively works as a writer, translator, and editor for various websites. Moreover, she loves reading, researching, and learning new things.