Doge ethereum bridge 20218/6/2023 The rising interest in NFTs has prompted the launch of more digital collectibles across diverse chains. Non-fungible tokens have attracted a lot of attention in recent times, with billions of dollars traded across various NFT marketplaces. If dogecoin (in the form of wrapped dogecoin) can be seen in a metamask wallet, websites can be built to read your wallet, determine that you have dogecoin, and unlock features specific to dogecoin holders “ If dogecoin (in the form of wrapped dogecoin) can be seen in a Metamask wallet, websites can be built to read your wallet, determine that you have dogecoin, and unlock specific features for dogecoin holders. Shibetoshi Nakamoto disclosed that the bridge would allow the conversion of DOGE to Wrapped Dogecoin, and vice versa, in order to use the meme coin as payment for web 3.0 assets. Īccording to the Dogecoin founder, the initiative would allow non-fungible token (NFT) marketplaces like OpenSea to accept the cryptocurrency as payment for different digital collectibles listed on the platform. Microsoft users can, nevertheless, still use BTC to fund their account.In a recently published tweet, Shibetoshi Nakamoto, the pseudonymous founder of Dogecoin, stated that creating a token bridge between DOGE and Ethereum will bolster the meme coins utility. The tech giant started accepting Bitcoin for digital goods back in December 2014, but because of the cryptocurrency’s volatility and risk it removed it as a payment option in July 2021. Microsoft, it’s worth noting, is reportedly develo ping a built-in Ethereum crypto wallet for its Edge browser, enabling users to send and receive cryptocurrencies and NFTs without additional extensions. Fidelity has launched its crypto trading platform for its 37 million users, offering commission-free Bitcoin and Ethereum transactions. According to recent revelations, its monthly notional traded volume surpasses most active crypto tokens.Įarlier in 2023, two global financial powerhouses, Fidelity and BlackRock, independently announced their foray into the Bitcoin, Ethereum, and cryptocurrency landscape. The Canton Network is set to connect trading platforms, including those of Deutsche Börse, Goldman Sachs, and more. This up-and-coming blockchain platform, scheduled for a July testing rollout, is engineered to address prevalent cryptocurrency issues, including privacy deficits, control over data, cross-chain compatibility, and scalability. Goldman Sachs and Microsoft, among other notable entities such as Deloitte, S&P Global, Moody’s, BNP Paribas, Cboe Global Markets, and Paxos, have endorsed the Canton Network. We look forward to helping the financial community build and scale cloud-enabled web3 applications on Azure while harnessing the power of AI to improve the user experience and drive developer adoption. Rashmi Misra, Microsoft’s general manager of artificial intelligence and emerging technologies, wrote in a press release announcing the Canton Network blockchain project: The Ethereum price tag has similarly been eclipsed by the recent surge in meme-based digital currencies.Īccording to Forbes, Goldman Sachs, Microsoft, and other industry giants are investing in technologies with the potential to mainstream Bitcoin, Ethereum, and cryptocurrency trading. The value of Bitcoin, despite a near doubling from its lows in late 2022, has found it challenging to rekindle its upward trajectory this year. In a follow-up to their historic rally in 2021, Bitcoin, Ethereum, and other cryptocurrencies are presently mired in a lackluster performance, with speculators forecasting a resurgence of the bull run.
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