Top 3 Stories-Blackpink To Launch Metaverse Experience On Roblox
K-Pop Titan Blackpink is all set to launch a metaverse experience on Roblox – the virtual world developed by London-based British studio Karta and will be launched on August 25.
As this virtual studio evolves, you can also purchase outfits and emotes for your own avatars. Not just that, the users will also be able to upgrade their in-experience items and engage with the band in a completely new and exciting way.
K-pop has quickly become a regular fixture in the virtual world ever since their global virtual concerts were broadcast over the pandemic. The group plans to engage with their fans in a better way and reach a global online audience.
So get ready to celebrate Blackpink’s music and recreate their famed choreography in metaverse.
Privacy Mixer Tornado Cash Is an Entity, Fed Judge Says
Tornado Cash commingling with DAO has prompted Federal to rule the privacy mixer as an “Entity”.
It may be recalled that Coinbase-backed investors and developers last week alleged the U.S. Treasury Department for overstepping its authority in sanctioning Tornado Cash.
For crypto industry, Tornado Cash wasn’t really a good case. It was definitely used by North Korea to launder stolen crypto, media reports said, and now a federal judge has ruled that it was designated properly by the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC).
So, why the Fed judge ruling matters? This is the second case where the existence of a decentralized autonomous organization (DAO) was used to find that a federal regulator was within its limits to bring an enforcement action against a crypto entity.
Federal judge found that plaintiffs were unsuccessful in defending charges levied against them.
Base Daily Transactions Outpace Ethereum On Friend.tech Frenzy
Due in large part to the excitement around the social app Friend.tech, there are currently more daily transactions on Ethereum layer-2 Base, which Coinbase developed and deployed, than on Ethereum.
According to the most recent statistics from the digital asset monitoring website Artemis Terminal, there were 1.37 million daily transactions on Base yesterday, compared to little over 1 million on Ethereum.
The newest offering from American cryptocurrency exchange Coinbase is called Base; it’s an Ethereum scaling solution that should make app development for developers quicker, simpler, and less expensive.
However, Coinbase has insisted that Base would be decentralized, which implies that over time, the business’s influence over its governance will dwindle.
One of the main reason behind Friend.tech’s popularity is that it’s a Twitter-linked crypto app which lets users buy and sell shares of their friends’ social media profiles—and it’s being lapped up by celebs.
Based on data from DeFi Llama, since its introduction, the total cash produced in protocol fees is rapidly approaching $6 million.
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