Blockchain Gaming

Threat to Elon Musk's Social Media Platform in Brazil

Friday. August 30 at 1:30 PM

1 min. read

Brazil's Supreme Court has issued a warning to Elon Musk's X social media platform, stating that it may be suspended by August 29, 2024, if Musk fails to appoint a legal representative for the company in Brazil. This action follows a recent dispute where X accused Supreme Court Judge Alexandre de Moraes of threatening its legal representative with arrest. In response, X announced the closure of its operations in Brazil on August 17, while ensuring continued service for Brazilian users. Moraes has demanded that Musk appoint a representative to address concerns of misinformation on the platform. The situation escalated after Musk criticized Moraes for alleged censorship tactics. The dispute reflects the political tensions in Brazil, including accusations of election fraud and civil unrest. The incident also sheds light on global concerns regarding state censorship and the legal challenges faced by tech executives like Musk and Telegram's Pavel Durov.

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Ronin Network Launches $10 Million Grants Program for Developers

Thursday. January 16 at 9:00 PM

The Ronin Network, utilizing the Ethereum Virtual Machine (EVM) blockchain, has introduced a $10 million grants program aimed at supporting its developer community. The initiative, known as Ronin Ecosystem Grants, was unveiled on Jan. 16 as part of the network's efforts to enhance blockchain capabilities and attract more developers. The grants pool will be divided among developers and waypoints, a crypto-based bridge service. Builder grants offer up to $300,000 in Ronin tokens, while waypoint gas grants provide up to $20,000 in funding. Approved projects will receive milestone-based funding unlocks based on their alignment with long-term goals. The grants cover essential expenses such as development integrations, audits, and deployment. The program aims to foster developer collaboration and expand Ronin into a hub for gaming, consumer DApps, and DeFi protocols. Projects can apply for multiple grant programs, with no set deadline for submissions. Approved projects will gain visibility through Ronin platforms and access collaboration opportunities with various stakeholders.

Blockchain Gaming

Revolutionizing Decentralized Cloud Computing with Aethir and EigenLayer Partnership

Thursday. January 16 at 6:00 AM

Aethir, the DePin “GPU-as-a-Service” company, has teamed up with EigenLayer, a blockchain platform offering restaking solutions. This collaboration aims to enhance decentralized cloud computing by improving scalability and simplifying the onboarding process for non-Web3 native GPU providers. Through integrating with EigenLayer’s Actively Validated Services (AVS) model, Aethir can expand its decentralized network. The partnership also allows Aethir’s community to stake ATH tokens via EigenLayer, creating new revenue streams. Aethir's financial success, deploying over 397,000 GPU containers globally, showcases its growth. Initiatives like the New Horizons program and the $100 million Ecosystem Fund further drive network expansion and support AI and gaming applications. Recent partnerships and initiatives, such as the TACOM project with Beam and MetaStreet, demonstrate Aethir's commitment to innovation in decentralized cloud computing.

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Dubai's Plans for a 17-Story Crypto Tower

Thursday. January 16 at 5:00 AM

Dubai has revealed its intention to build a 17-story Crypto Tower to support the growing blockchain and Web3 industries. The tower, offering 150,000 square feet of leasable space, aims to become a hub for Web3 innovation. The UAE is in fierce competition with the US to establish itself as a leading blockchain center. The tower will incorporate blockchain technology for tenant interactions and operations, streamlining processes with on-chain voting, smart contracts, and automated systems. This innovative approach is expected to reduce administrative burdens and set new standards in community management. The tower will allocate nine floors to office spaces for crypto startups and established companies, while three floors will accommodate blockchain incubators, venture capital firms, and investment groups. Additionally, there will be a floor dedicated to AI initiatives. Scheduled for completion by Q1 2027, the tower will also feature a crypto club, event spaces, an NFT art gallery, and other amenities, further solidifying Dubai's position as a hub for blockchain and crypto innovation.

Blockchain Gaming

Innovative Legal Notices on Blockchain in Hong Kong

Thursday. January 16 at 4:00 AM

Hong Kong courts have introduced a groundbreaking method of serving legal notices on the blockchain to anonymous owners of illicit wallet addresses. The use of tokenized legal notices on Tron wallets has prevented ignorance as a defense, setting a new precedent in legal proceedings. This innovative approach aims to freeze assets and prevent criminal transactions, with a focus on combating money laundering. Despite challenges in serving court documents to wallet holders in the past, this new method has proven effective in addressing online scams and illicit activities. While the legal system in Hong Kong is adapting to blockchain technology, there is still a need for greater awareness and understanding among legal practitioners and institutions. Similar practices have been observed in the UK and the US, showcasing the global impact of blockchain technology on legal proceedings.

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