On October 14-15, 2021, Dubai, one of the largest cities in the UAE and a new regional blockchain hub, will host the World of WEB3 Summit, the largest blockchain event in the Middle East. According to a press release, the WOW Summit will become a connection place for thousands of blockchain leaders, developers, crypto traders,…

Surging sales and hefty prices on NFTs show no sign of abating. The Q3 figure was up from $1.3 billion in Q2 and $1.2 billion in Q1. The increase was powered by a record-breaking August that saw over $5.2 billion in trades. Reuters reported sales volumes of non-fungible tokens (NFTs) surged to $10.7 billion in…

Layer-two protocols have seen 330% growth this year in terms of active addresses. One such protocol, Polygon, has briefly surpassed Ethereum, the network for which it is a scaling solution. Many of these new users may be engaged due to the upcoming mobile gaming app Arc8. Polygon, a layer 2 aggregator, has encountered an immense…

Developers are flocking to the platform’s blockchain, but nimbler rivals are emerging, Richard Waters writes on FT. Is Ethereum the future of the internet? Interest in the Ethereum blockchain has soared over the past year, as developers have turned to it to create a wave of decentralized finance projects, known as DeFi, and unique digital…

It seems that the adoption of cryptocurrencies in Latin America is moving full steam ahead. Following El Salvador, Cuba has in one fell swoop legalized bitcoin as a means of payment. A few other countries are either getting ready to follow suit, like Panama, or are already de facto using crypto, like Venezuela. Recently, Cuba…

Chainanalysis has attempted to measure the adoption of decentralized finance worldwide and issued the Global DeFi Adoption Index, where compiled statistics show an 880% increase in the usage of DeFi. However, crypto is not so close to becoming mainstream as some developed markets become reluctant on the crypto market. Instead of using the usual metrics…