Block Inc.'s Bitcoin and blockchain division, TBD, has launched a new platform for developing decentralized applications on Web5. This and more news is in this handy daily roundup so you're always up to date with the latest developments in the crypto world.
Block launches a platform for Web5
📍Jack Dorsey's blockchain technology developer Block has introduced the Web5 SDK. Block has launched a new platform to build the fifth generation of the Internet, called Web5. It is a new SDK (Software Development Kit) toolkit with which developers can experiment with the design of new applications focused on digital identity, data storage and decentralization by leveraging the Bitcoin infrastructure.
Jack Dorsey's new vision for the web is a combination of Web3 and Web2 technologies where users will be able to regain control over their data and identity.
Block's new development tools are available in an initial release for developers to start building new applications. However, the company is expected to introduce a full platform for building Web5 by the middle of this year.
The launch of the new Web5 toolkit was carried out by TBD, Block's blockchain development division, during the Bitcoin 2023 conference, held in Miami (United States).
Cardano's TVL triples in 2023
📍This month, Cardano has reached several important milestones, becoming one of the most attractive blockchain ecosystems to build on in the crypto industry. Since the beginning of the year, Cardano has added 1.000 new smart contracts to its blockchain ecosystem. Also, the blockchain that is scientifically developed using peer review is climbing the decentralized finance ecosystem as one of the biggest projects to build in the industry, despite the bear market.
According to data from DeFi Llama, the number of ADA deposited in Cardano's DeFi ecosystem has surpassed the record of 400 million units. Currently, the total value of assets deposited in the decentralized projects of this blockchain is 437,58 million ADA, approximately $161 million dollars.
With this TVL, Cardano has risen to 17th place in the ranking of DeFi ecosystems with the highest capitalization. The network's TVL has tripled this 2023, according to the platform's data.
$2,48 million for 3AC's NFT collection
📍Sotheby's auctioned part of the NFT Grails collection, by Three Arrows Capital (3AC), for $2,48 million. The Grails auction was held over the weekend by the auction house in New York City. In total, Sotheby's auctioned off 7 of the digital works that make up Grails, leaving the rest of the pieces in the crypto collection to be offered on the market using other sales formats that will be available throughout this year.
As reported by this media, the auction 3AC's NFT collection was authorized by the United States Bankruptcy Court to recover part of the funds lost by the cryptocurrency fund, which filed for bankruptcy in the middle of last year.
Uruguay's historical memory on the blockchain
📍Uruguay uses blockchain to preserve its historical value. A collective project born in Uruguay, called Sitios de Memoria, is using the blockchain to record and track the places, circuits and repressive operations of the civil-military dictatorship that the country experienced in the period between 1968 and 1985.
Although the project has been developed collectively since 2019, its creators now want to use the potential of blockchain technology to digitize, safeguard and preserve thousands of documents, such as flyers, posters and press clippings, which recount the most difficult moments of this period.
Continue reading: Anthony Pompliano: “Bitcoin is the world’s largest insurance company”
Main image taken from Twitter
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