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Cardano launches Plutus DApp resource page for developers

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After Input Output Global (IOG) announced the launch of the world’s first blockchain decentralization index, the builder of the cryptocurrency Cardano (ADA) has informed the public about the new resource section for Plutus DApp developers.

Indeed, the Cardano Docs website is now richer by a web page where beginners can learn all about decentralized apps (DApps) and where more experienced developers can find a list of resources for building DApps using Plutus smart contracts, IOG said on November 22.

Plutus DApp development section. Source: Input Output

Education for all learner levels

Furthermore, the section details what Plutus scripts are, how they are created, how they work, and how they are used for creating DApps, in simple terms and with accompanying illustrations. The resources listed include Plutus Core (the programming language for Plutus), tooling and compilers for intermediate languages, and the Plutus Tx compiler.

Developers can also easily access various tutorials and how-to guides, such as on writing a scalable Plutus app, extending the basic Plutus app with the constraints API, testing Plutus contracts, analyzing the cost and size of Plutus scripts, as well as integrating Plutus into their own web apps.

The recent development is in line with Cardano’s plans for the near future, which aims to “ensure that education [about blockchain] becomes much more available, consumable, and accessible in multiple languages and styles of delivery,” according to the Cardano Foundation CEO Frederik Gregaard.

Ceaseless work at Cardano

In partnership with the University of Edinburgh, IOG has also recently unveiled plans for the world’s first blockchain decentralization index, dubbed the Edinburgh Decentralization Index (EDI), with a goal to establish a transparent mechanism for rating decentralization of public blockchain initiatives.

Earlier, Cardano founder Charles Hoskinson voiced his frustration with existing crypto projects that present themselves as decentralized without understanding the full meaning of the concept. In his view, decentralization should be guided by resilience, control, and reliability.

Last week, Finbold reported on Cardano recording a spike in the number of wallets, adding 33,097 in a single week. According to Cardano Blockchain Insights data, this growth continued until press time, when Cardano had 3,727,189 wallets, meaning it has added 55,667 wallets since November 13.

ADA wallets chart. Source: Cardano Blockchain Insights

Cardano is also working on a new lightweight multi-chain crypto wallet called Lace, which Hoskinson said would likely boost the network’s size to one billion users after it is fully rolled out. Its launch could possibly trigger a price rally for Cardano’s decentralized finance (DeFi) token ADA.

ADA price analysis

Meanwhile, ADA is trading at the price of $0.3147, which means it has gained 4.57% on the day but is still down 5.36% across the previous week and 12.80% compared to 30 days before, as the charts demonstrate.

Cardano 24-hour price chart. Source: Finbold

The market capitalization of Cardano at press time stood at $10.83 billion, making it the eighth-largest cryptocurrency by this indicator, as per CoinMarketCap data retrieved by Finbold on November 23.

The post Cardano launches Plutus DApp resource page for developers appeared first on Finbold.

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Ledger Launches a New “Stax ” Wallet With iPod Creator: Here’s What to Know

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Ledger, a security-focused firm that develops cryptocurrency hardware wallets, has teamed with Tony Fadell–the designer behind Apple’s iPod–to offer an easier, more accessible option for people to safeguard their crypto assets: the Ledger Stax.

The tech design guru, Tony Fadell — who earlier co-founded the Nest smart thermostat before it was bought by Google in 2014 — is the inventor and mastermind behind Ledger Stax, crafted by the LAYER studio, led by Benjamin Hubert.

The credit card-sized touchscreen device allows users to manage over 500 digital assets, together with the ability to hold NFT collections and integrate with several Web3 apps through the Ledger Live app.

Ledger Stax: the Cool, Beautiful, and Fun Crypto Wallet

Ledger Stax™ is our new, breakthrough consumer device,” Ledger says. “It is built on Ledger’s secure architecture and introduces a unique form designed for unprecedented accessibility and interactivity with the world of cryptocurrencies and NFTs.”

The Ledger Stax uses Bluetooth to connect to the Ledger Live Mobile app on smartphones, and secure USB-C to connect to the Ledger Live app on laptops, according to the December 6 release. It also supports Qi wireless charging.

Regarding the battery, the manufacturer guaranteed users they may use the Stax for several weeks or even months on a single full charge. It features a battery-efficient E Ink and a Kindle-like display that can display owners’ NFTs even when the device is off.

Ledger Launches a New "Stax '' Wallet With iPod Creator: Here's What to Know

The curved E Ink spine shows what’s inside, like a book on a shelf, Ledger stated. Also, the touch interface enables the Ledger developer community to create innovative Web3 apps that are more accessible and secure than before.

Ledger Stax also contains built-in magnets that make it simple to stack, especially for those who have over one device.

The eight-year-old company is a market leader in crypto security, having sold millions of devices to customers in over 200 countries. The firm’s existing Nano series has sold 5 million units, and “none ever hacked,” according to CEO Pascal Gauthier.

Digging into Ledger’s proven security technology and trying all the ‘best’ hardware wallets out there convinced me to build a next-gen device with Pascal, Ian, and the amazing Ledger team,” says Tony Fadell.

Ledger Stax is not yet officially for sale, however, interested buyers can make reservations on Ledger’s website. The new wallet will be available in March 2023, but interested buyers may pre-order one for $279.

The Apple of the Cryptoverse

Tony Fadell creates products with both the circuit board and the billboard in mind, said Ian Rogers, chief experience officer at Ledger.

His goal is to make the company the Apple of the cryptocurrency industry, with the new wallet serving as its “crypto iPod.” Ian claimed that they have created a tool with the Ledger Stax that is cool, beautiful, and fun.

The post Ledger Launches a New “Stax ” Wallet With iPod Creator: Here’s What to Know appeared first on The Cryptocurrency Post.

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Polygon Partners with WMG to Launch Web3 Music Platform

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Polygon, a blockchain network developer, and Warner Music Group, a worldwide entertainment corporation, have announced a multiyear agreement with e-Commerce and interactive platform builder LGND to launch a Web3 music platform named LGND Music.

Artists that are signed to one of the labels owned by Warner Music Group will have the opportunity to release music NFTs via the platform.

The LGND firm has said that it would allow music NFTs from other platforms in addition to offering desktop and mobile applications for interacting with the NFTs. This will be similar to the experience that users get when using iTunes on Web3.

Users will be able to play their digital collectibles whenever they want and thanks to LGND Music, which is set to launch in January 2023 and is meant to be a music and collectibles platform that supports digital valuables from any blockchain in a proprietary player.

Additionally, content providers will have the ability to engage with their audiences via the use of unique material and carefully selected experiences.

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Polygon is being used as the foundation for the platform because of the cheaper gas expenses and quicker transaction speeds it provides.

Web3 Music is Rising

Web3 has the capacity to alter the music business for both musicians and fans. This unique alliance between Polygon, LGND, and WMG marks a great milestone for the music business.

As the manner in which we own music and consume it is changing, the music industry is adopting decentralized technologies and collectibles in their entirety.

According to Ryan Wyatt, Chief Executive Officer of Polygon Studios, the company is happy to be supporting this unique effort that will elevate music ownership and bring more music listeners and creators to Web3.

Web3 music platforms have the ability to cause a disruption in the music business as well as open up new doors for content producers and artists to develop new ideas and make money off of their work.

The integration of music into the Web3 ecosystem seems to have positive promise, and artists have, for some time now, been capitalizing on the capacity of non-fungible tokens to convert their fans into devoted communities.

The post Polygon Partners with WMG to Launch Web3 Music Platform appeared first on The Cryptocurrency Post.

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Animoca Brands to Invest Billions of Dollars in the Metaverse

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According to a report from Nikkei Asia on Wednesday, the co-founder of Animoca Brands, Yat Siu, stated in an interview that the company intends to establish a fund with a potential value of up to $2 billion to invest in businesses related to the metaverse.

The fund will focus on non-fungible tokens (NFTs) and blockchain gaming. Siu said that the business currently has plans to form a fund that would be named Animoca Capital, with the fund’s maiden investment anticipated to take place in 2023.

In addition, the Hong Kong-based gaming software and venture capital platform is working toward the goal of making it possible for users to have access to Web3 businesses.

Siu said that Animoca’s proposed investment fund will assist the firm in advancing long-term objectives despite the turmoil that has persisted in the cryptocurrency market for the last year.

To provide more elaboration on Animoca’s planned long-term agenda, he indicated that the long-term goal for both Animoca and himself is to devise a method by which all of its employees may acquire digital property rights.

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He is holding out hope that this will also propel a situation in which the legal system would recognize digital property in the same way that it recognizes physical property.

Animoca’s Dedication to Web3

Animoca Brands has a strong commitment to the metaverse as well as web3. According to Robby Yung, the CEO of the firm, there is no such thing as a metaverse without Web3 since it is necessary to possess that transaction layer in order to provide interoperability between material and the ability to transport it from one location to another.

Animoca Brands is one of the original members of the Open Metaverse Alliance, which was established last month as a trade association with the mission of promoting interoperability standards inside the metaverse.

Because of these standards, NFT material that was purchased on one metaverse platform would be able to integrate without any problems with NFT content that was purchased on another metaverse platform; for instance, an NFT that was purchased on Decentraland may be utilized in The Sandbox.

The post Animoca Brands to Invest Billions of Dollars in the Metaverse appeared first on The Cryptocurrency Post.

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