A new Ethereum token standard that has taken the blockchain sector by storm is drawing praise and criticism from industry veterans. Dubbed ERC-404, the standard mixes the technology behind ERC-20 tokens with that of ERC-721, which is used in the creation of nonfungible tokens (NFTs). One such use is in the realm of fractionalized NFTs, where the…

Cross-chain messaging protocol Wormhole has surpassed a cumulative 1 billion in messages sent since its inception in September 2021. According to data from Wormhole Scan on Feb. 13, the messaging protocol currently processes around 110,640 daily messages, moving $30 million in daily funds, oracle feeds and nonfungible tokens (NFTs) across 30 blockchains, with $39.6 billion in cumulative volume. In…

Did the New Zealand Reserve Bank governor just let the cat out of the bag? During a parliamentary committee meeting on Feb. 12, New Zealand Reserve Bank governor Adrian Orr joked about the modern central banking system, which was met with laughter: “It’s a great business to be in, central banking, where you print money and people…