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• IOTA, a cryptocurrency start-up leveraging blockchain technology and IoT (Internet of Things), has been chosen to take part in the European Blockchain Pre-Commercial Procurement (PCP) to help test and develop novel blockchain technology for the European Union.
• The goal of the project is to investigate the feasibility of utilizing blockchain technology to improve current applications and develop new ones for the European Blockchain Services Infrastructure (EBSI).
• Dominik Schiener, co-founder and chairman of the IOTA Foundation, is confident in the ability of the IOTA technology to bring distributed ledger technology to the European market.

The European Union has recently announced that IOTA, a cryptocurrency start-up leveraging blockchain technology and Internet of Things (IoT), has been chosen to take part in the next phase of the European Blockchain Pre-Commercial Procurement (PCP). This initiative seeks to investigate the feasibility of utilizing blockchain technology to both improve current applications and develop new ones for the European Blockchain Services Infrastructure (EBSI).

The main goals of the EBSI are to promote cross-border mobility, reduce waste, ensure compliance with E.U. regulations, foster the growth of technology hubs and projects, and make digital services more reliable and trustworthy. As part of the project, IOTA will help to test and develop novel blockchain technology for the European Union, enabling the EBSI to provide more efficient services in the future.

Dominik Schiener, co-founder and chairman of the IOTA Foundation, expressed his enthusiasm for the project: “The IOTA technology already shares the same core values with EBSI, so we have felt it has been a very natural fit throughout this testing process. We are very confident in our ability to bring distributed ledger technology to the European market and look forward to the next phase.”

In addition to IOTA, other companies such as Accenture and Fraunhofer IOSB are also taking part in the project. The PCP will be conducted in two phases: the first phase will focus on developing and testing the services, while the second phase will see the implementation of the services in a live environment. This will give the European Union the opportunity to evaluate the performance and reliability of the technology before making a decision on whether or not to invest in it.

The European Union has made it clear that it is interested in exploring new technologies, such as blockchain, in order to improve the efficiency of its services. This project is an excellent opportunity for IOTA to showcase its technology and prove its potential. With the help of IOTA, the European Union could potentially revolutionize the way it provides services, making them faster and more secure than ever before.

• Bitcoin in Avalanche exceeded the amount locked in the Lightning Network (LN) at 5,701 BTC versus 5,229.30 BTC on Jan. 18.
• Avalanche is a smart contracting platform that provides developers with an alternative besides Ethereum.
• The Bitcoin-Avalanche Bridge was launched in June 2022 and allows users to securely move their coins and earn rewards and capital gains if BTC prices rise.

Bitcoin surpassed its previous record on January 18th, with 5,701 Bitcoin locked in the Avalanche protocol, exceeding the amount of Bitcoin in the Lightning Network (LN) by 472.3 Bitcoin. Avalanche is a modern blockchain platform known for its scalability and low on-chain fees, which has attracted a large DeFi community in recent years. In June 2022, the Bitcoin-Avalanche Bridge was launched, enabling users to securely move their coins from Bitcoin to Avalanche and earn rewards and capital gains if Bitcoin prices rise.

Morgan Krupetsky, the director of business development for institutions in Ava Labs, said that the bridge offered by Avalanche is better than most of its competitors in terms of cost and speed. The bridge allows users to tokenize their Bitcoin on the Avalanche network, while still being able to redeem their Bitcoin should they choose to do so. This feature has attracted many savvy traders to Avalanche, leading to a surge in its circulating supply.

The data indicates that Avalanche is becoming a popular choice for those looking to explore the world of DeFi, and with its increasing user base, the demand for tokenized Bitcoin on the Avalanche network is likely to continue to rise. With increased adoption of Avalanche, we may see even more Bitcoin locked away in the near future.

• Former Tinder CPO, Josh Sell, has joined blockchain game developer N3twork as COO.
• His new position will see him assisting N3twork Studios’s team in hastening the production of its future Web3 RPGs, Legendary.
• Sell previously supervised a slew of Tinder releases, and co-founded the cutting-edge Web3 gaming firm Midnight.

Josh Sell, former Tinder Chief Product Officer (CPO), has recently joined blockchain game developer N3twork Studios as their new Chief Operating Officer (COO). In this new position, Josh will be responsible for assisting N3twork Studios in the production of its future Web3 RPGs, Legendary. Additionally, he will be in charge of helping manage the studio’s day-to-day operations, as well as assisting in the development of Legendary: Heroes Unchained and Triumph.

Before joining N3twork Studios, Josh had a successful stint at Tinder, where he supervised a slew of releases, most notably the explore Tab which brought a novel approach to singles looking for potential matches. Josh also co-founded the cutting-edge Web3 gaming firm Midnight, where he was involved in developing its interoperability strategy.

The development team at N3twork Studios is made up of more than 80 professionals who have worked on some of the highest-grossing free-to-play games from renowned companies like EA, Kabam, Zynga, Glu, Disney, and others. Commenting on his new position, Josh said: “There is a tremendous chance for success here. Before joining, I tried the product(s) and fell in love with them.”

Overall, Josh Sell’s appointment to N3twork Studios has put the company in a great position to succeed. With his experience and expertise, the studio will be able to develop their Web3 games and create an enjoyable gaming experience for their players.

• Yuga Labs, the design studio behind Bored Ape Yacht Club (BAYC), is introducing a skill-based NFT minting process.
• This process will begin with a free mint branded “Sewer Passes” that will be given to active members of the BAYC and Mutant Ape Yacht Club.
• Participants need these tokens to take part in the new, skill-based game Dookey Dash which will be available on Jan. 18.

Yuga Labs, the design studio behind the popular Bored Ape Yacht Club (BAYC), is introducing a unique skill-based NFT minting process. Starting on Jan. 17, a free mint branded “Sewer Passes” will be given to active members of both the BAYC and Mutant Ape Yacht Club. These Sewer Passes are required in order to take part in the brand new, skill-based game Dookey Dash, which will be available on Jan. 18.

Dookey Dash is an incredibly unique game that will challenge participants in a way that has never been done before. To validate their Sewer Passes, players need to compete in the game an unlimited number of times and get a score that is higher than 0. This peculiar process will come to an end on Feb. 15 when play on Dookey Dash is finally put to a stop. Those who are able to achieve the highest score in the game will win their new power source.

BAYC announced that participants will be vying for the best score and their associated wallet will be linked to their successful run. A video explainer will be released soon to provide further details and insight on the game.

The NFT ecosystem is constantly expanding, and Yuga Labs’ new skill-based minting process is a further testament to the growing industry. It’s sure to be an exciting event as Sewer Pass holders vie for the highest score and win their new power source.