Web3 Diaries-Germany Releases NFT Collection
German Intelligence Agency Bundesnachrichtendienst (BND) has released a non-fungible token (NFT) collection to recruit talent through a gamified blockchain treasure hunt.
The agency released “Dogs of BND” earlier this month, a collection of 999 generative dog-themed profile pictures (PFPs) donning cyber security-themed wearables. The NFTs can only be acquired by completing a cyber quest and locating a hidden string of characters in order to mint into the collection.
According to its website, German citizens who opt to hunt for the Dogs of BND collection must locate a strong of characters (in this case, a wallet address, transaction hash, block or token number) hidden by the federal agency as a clue. Once players find the correct data, they are given access to mint into the collection.
Ripple Obtains Payments Institution License in Singapore
Ripple has obtained in-principle approval for a Major Payments Institution License from the Monetary Authority of Singapore (MAS), the nation’s central bank and regulator.
Ripple said that the license will allow its Singapore branch to offer regulated digital payment token products and services as well as further scale its customers’ use of its crypto-enabled On-Demand Liquidity (ODL) platform – which saw a 5x growth in the country year-on-year.
“We’re pleased that Singapore has taken a forward-looking approach to how to regulate digital assets,” Stu Alderoty, Chief Legal Officer of Ripple, said in an interview with CoinDesk. “With their licensing framework, they have figured out how to create a clear taxonomy for digital assets, balancing the need to protect consumers’ interests and the need to protect the integrity of the markets, while doing so in a way that promotes innovation and investment.”
NFT Creation Platform Zora Launches Creator-Focused Layer 2
Zora, the popular platform used by creators and brands to mint non-fungible tokens (NFTs), has launched its own layer 2 blockchain network to support creatives and minimize costs.
The Zora Network is secured by Ethereum and built on Optimism’s tech stack. According to a press release, the new network will make minting on its platform “faster, cheaper and more enjoyable” with a focus on gas efficiency and scalability. According to documents online, minting an NFT through the network “costs less than 50 cents.”
According to Jacob Horne, Zora’s co-founder and CEO, the network is able to “experiment with economic mechanisms” to subsidize fees for creators.
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