Tokenized commodities, which include energy resources, agricultural products, precious metals and other tangible things, are digital representations of real-world assets. These assets go through a process known as “tokenization,” in which their ownership rights are converted into blockchain-based cryptographic tokens. Partially owned and accessible, each token usually represents a portion or entirety of the underlying commodity….
LayerZero Labs has unveiled a solution to address sybil activity, also known as “airdrop farming.” The creator of the cross-chain communication protocol introduced a self-reporting mechanism, offering sybil users 15% of their planned token allocation for honesty within a defined 14-day period. LayerZero stated in a May 3 post on X that it believes it’s important for…