Cryptocurrency web browser Opera continues to expand into Web3, integrating support for the scalable, enterprise-grade blockchain Elrond. This and more news is in this handy daily digest to keep you up to date with the latest developments in the crypto world.
Elrond will integrate with the Opera web browser
📍Opera will integrate support for Elrond, as its seventh blockchain, by the end of 2022. The more than 300 million active users of the Opera web browser will now be able to access the ecosystem of decentralized applications (dapps) and protocols that are developed on the Elrond blockchain, a highly scalable, fast and secure platform focused on enterprise use cases.
Elrond integration into Opera is planned for later this year and will allow users of the browser to send and receive transactions with Elrond’s native token, EGLD, through Opera’s built-in cryptocurrency wallet.
Opera's head of cryptocurrency ecosystem, Susie Batt, said The integration of Elrond into Opera further expands the wide range of crypto services available through the browser, and allows it to continue driving its users’ entry into Web3. Elrond’s dapps and protocols will be accessible from the crypto browser without the need for third-party browser extensions or wallet applications.
With this integration, Opera supports more than half a dozen blockchains, including Bitcoin, Ethereum, Polygon Network, Solana, Binance Chain, Near Protocol and dapps such as 1inch, among others.
China wants to conquer the blockchain industry
📍More than 80% of blockchain-related patent applications come from China. According to the South China Morning Post, China represents 84% of patent applications of blockchain applications shipped worldwide.
The data was revealed by Wang Jianwei, deputy director of the Ministry of Industry and Technology's information technology development office, who detailed the country's commitment to leading the development of the blockchain industry, despite the restrictions the government has imposed on the cryptocurrency and digital asset market.
The patent applications filed from China not only apply to blockchain, but are also aimed at boosting the development of traditional Internet technologies such as privacy computing and cryptography, among others.
The largest NFT marketplace launches OpenRarity
📍OpenRarity helps Opensea collectors find extremely rare NFTs. Opensea’s new protocol, OpenRarity, is designed as a rarity protocol that allows Opensea NFT investors and collectors to find and sort non-fungible token collections by their rarity level or attributes.
According to developers on Twitter, OpenRarity has now been adopted by a wide range of projects and creators since its launch last week.
Estonia issues its first VASP license under new legal framework
📍Striga Technology OÜ has become the first company to receive a VASP license in Estonia since the tightening of regulations. The license was issued by the Estonian Financial Intelligence Unit, which has authorized Striga Technology OÜ, a subsidiary of Lastbit Inc., to offer cryptocurrency and digital asset services in a regulated manner in the country.
This is the first VASP license to be issued under the strict new regulatory framework that the country imposed earlier this year. Estonia tightened its regulation towards crypto assets to ensure compliance with its anti-money laundering and financial crime prevention laws and regulations.
The country banned the use of non-custodial cryptocurrency wallets. In addition, under this new regulatory framework, Estonia revoked licenses from more than 1.000 companies, according to reports published by local newspaper Majandus.
Cryptocurrencies are growing in gaming, not payments
📍JP Morgan reports that the cryptocurrency market in the gaming industry and the Metaverse continues to grow. However, in the payments sector, interest in cryptoassets appears to have waned.
Takis Georgakopoulos, global head of payments at JP Morgan’s Corporate & Investment Bank, told Bloomberg that demand for cryptocurrencies as payment tools has declined significantly compared to the previous half year. However, in the gaming sector, crypto assets are becoming increasingly important.
Continue reading: World Economic Forum creates coalition for blockchain and Web 3
IMPORTANT: The content of this article is for informational purposes only and, in no case, what is written here should be taken as investment advice or recommendations. Bit2Me News reminds you that before making any investment you should educate yourself and know where you invest your money, as well as the pros and cons of the system. We separate ourselves from the actions and consequences that ignorance may entail. If you decide to invest in this or another asset class, you are solely responsible for the consequences that your decisions and actions may have.
