Opera Launches Multichain Compatibility For Bitcoin, Solana, Polygon, And Other Blockchains

Opera, a technology company developing the world's first Web3-native browser, has launched multichain compatibility with Bitcoin, Solana, and Polygon, among other blockchains through its Crypto Browser project initiative.

With the release of this update, Opera users may now access decentralized ecosystems from Polygon and Solana dApps, and also open access to Layer 2 decentralized finance (DeFi) protocols. This is enabled through DeversiFi, a platform powered by StarkWare, a blockchain scaling solution. Aside from the integrations for Bitcoin, Solana, and Polygon, Opera's multichain will also be compatible with StarkEx, Ronin, Celo, Nervos, and IXO.

According to Opera, the initiative aims to ease the introduction of Web3 to its over 380 million users worldwide who access the browser from both mobile and desktop builds. With this update, Opera users may now access Web3 and gain support for crypto exchanges and NFT marketplaces, as well as decentralized applications. The browser now also features a built-in non-custodial crypto wallet.

"Ever since we started in the Web3 space in 2018, we’ve been sealing partnerships with the most popular and cutting edge blockchains and web3 domain name providers in order to accelerate crypto’s evolution from proof of concept towards mass adoption," shares Jorgen Arnesen, EVP Mobile at Opera.

Opera says that the intention behind this multichain integration was to introduce and ensure blockchain agnosticism and commit to supporting Web3 development and access through an environment-friendly way.

"Ultimately, Web3 is on its way to becoming a mainstream web technology and users won’t need to know they’re interacting with it. They need to get a superior user experience and a true benefit," Arnesen explained.

Opera launched the Crypto Browser initiative earlier in January this year, with a focus on Web3 integrations that would help facilitate user experiences across a wide range of decentralized applications (dApps), games, as well as metaverse platforms. Opera has since added support for the aforementioned blockchain protocols, with plans on adding more protocols in the future for wider multichain interoperability.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

* This article was originally published here

After months of rumors, Solana NFTs will be coming to OpenSea

OpenSea has finally confirmed that it will add Solana NFTs to its platform. The confirmation came in the form of a teaser video posted on the official Twitter account of the NFT marketplace.

The video showed several community requests for Solana NFTs and was captioned “The best-kept secret in web3.”

The best kept secret in web3 pic.twitter.com/xuZn64cZ4U

— OpenSea (@opensea) March 29, 2022

But the secret isn’t so well kept, given that we reported about the possible integration as far back as January. OpenSea, at the time, failed to confirm the story saying that it would only comment when it had information for its community.

While the marketplace did not release a specific date for the integration, there are speculations that the Solana feature could be available as early as April.

Adding support for Solana will make the network the third layer-1 blockchain on OpenSea. The others are Ethereum, Klatyn, and Layer-2 network Polygon.

Why OpenSea had to support Solana NFTs

The decision to add Solana isn’t entirely surprising considering its position within the NFT space. Solana is second to Ethereum in terms of all-time NFT sales, with a market cap of $1.5 billion for all of its collections.

The Solana NFT space has grown significantly since last summer, with some popular NFT collections like Degenerate Ape Academy, Aurory, and Solana Monkey Business being built on the network.

Aside from that, the current fact that the Solana network offers a cheaper and faster transaction alternative to Ethereum has made it one of the biggest rivals of the second largest crypto asset by market cap.

For OpenSea, the move is coming at the right time because more competitors are beginning to emerge within the space. The highly anticipated Coinbase NFT marketplace, alongside the FTX marketplace, has taken the focus away from OpenSea.

Also, OpenSea’s current litany of exploits has raised questions about if the marketplace is safe for users. So, supporting a new blockchain could help the network cement its position as a market leader in the NFT space.

Magic Eden welcomes competition

On the other hand, the leading marketplace for Solana NFTs, Magic Eden, which accounted for 80% of Solana NFT sales in the past month, would face new competition from a more established rival.

bring it

— Magic Eden Solana's Leading NFT Marketplace (@MagicEden) March 29, 2022

This means that Magic Eden could lose its domination of the Solana NFT space to OpenSea, considering the stature of the new entrant. However, Magic Eden appears to be relishing the competition for the soul of the space considering its 2% transaction fee is 50 basis points lower than that of OpenSea.

The post After months of rumors, Solana NFTs will be coming to OpenSea appeared first on CryptoSlate.

* This article was originally published here

Crypto derivatives exchange SynFutures expands Arbitrum support via SushiSwap

SynFutures, a decentralized derivatives exchange, today has officially extended support for the Arbitrum network following an initial deployment in September of last year. The expansion allows users to access and trade a wide variety of Arbitrum assets in a fully decentralized and permissionless manner.

To expand support for Arbitrum assets, SynFutures integrated with SushiSwap’s price feed oracle to bring real-time data to its platform. SushiSwap, which deployed on Arbitrum last year, is now one of the network’s most active decentralized exchanges.

Users can currently list and trade futures contracts on any Arbitrum asset available from SushiSwap. Relying on third-party oracle data to provide accurate pricing information for a given asset, the new expansion gives users new opportunities to create arbitrage and hedge risk on Arbitrum with derivatives.

“We want to empower all communities to list and trade any asset they desire on any network. By integrating with SushiSwap’s price feed, we’re making it easier for our users to list Arbitrum assets and create more trading opportunities.”
– Rachel Lin, Co-Founder & CEO at SynFutures

With the SushiSwap connection, SynFutures has already listed seven new Arbitrum pairs for trading:

• ETH/USDC
• CRV/ETH
• LINK/ETH,
• MAGIC/ETH
• DPX/ETH
• STRP/USDC
• SPELL/ETH

Previously, BTC/USDC was the only Arbitrum trading pair offered on SynFutures.

The integration marks SynFutures’ official expansion within the Arbitrum ecosystem and comes as the exchange sees continued growth on other blockchains like Ethereum, Polygon, and BNB.

In less than five months since its public beta launch, SynFutures has already surpassed more than $4 billion in cumulative trading volume and 56,000 users.

Lin added, “SynFutures diving deeper into the Arbitrum ecosystem expands on our vision to make derivatives trading more accessible. With expanded support for Arbitrum assets, we’re excited to replicate some of our existing success on what we believe to be one of the most promising layer-2 ecosystems.”

The post Crypto derivatives exchange SynFutures expands Arbitrum support via SushiSwap appeared first on CryptoNinjas.

* This article was originally published here

Blockchain platform SIMBA Chain teams with Polygon to enhance Web3 biz dev

SIMBA Chain, a chain-agnostic API development platform, today has announced that it will integrate with Polygon, the popular platform for Ethereum scaling and infrastructure development, in efforts to further enhance Web3 adoption and development.

To date, SIMBA Chain and Polygon have independently served as technology platforms enabling scalable blockchain connectivity among centralized and decentralized entities.

Polygon’s collaboration with SIMBA Chain on a variety of decentralized business use-cases will offer both ecosystems an expanded network of infrastructure, resources, and support.

Both SIMBA Chain and Polygon aim to lower the entry barriers of decentralized app development to non-crypto users and open doors for more businesses to engage in Web3.

“By working with Polygon, SIMBA Chain is able to offer customers innovative blockchain solutions with the requirements and expectations they have of any enterprise tech stack – and still leverage the benefits of Ethereum’s market.”
– Bryan Ritchie, CEO of SIMBA Chain

Polygon + SIMBA Chain

SIMBA Chain will utilize Polygon’s full-stack scaling solution as the go-to infrastructure on which to build and run custom, white-label NFT marketplaces for their customers.

A variety of brands, ranging from entertainment and sports to institutionalized entities, have already approached SIMBA, seeking cost-effective, low-to-no code, NFT solutions.

While SIMBA Chain thus far has been able to successfully provide customers with those solutions, its integration with Polygon will greatly propel the efficiency and effectiveness of each new and existing white-labeled marketplace.

Outside of the white-label NFT marketplace development, SIMBA and Polygon will also seek to market and widely integrate SIMBA’s metadata registry bridge (MDR), with aim of enhancing secure digital asset custody solutions through widespread interoperability.

In addition to Polygon, SIMBA Chain also supports Ethereum, Quorum, Stellar, RSK, Binance, Avalanche, Hyperledger Fabric, and Hyperledger Sawtooth, amongst other protocols, and will continue to expand multichain decentralized App development capabilities.

Coming up on March 24th, SIMBA Chain is hosting a webinar called ‘Considerations for choosing an NFT marketplace’ those interested can register here.

The post Blockchain platform SIMBA Chain teams with Polygon to enhance Web3 biz dev appeared first on CryptoNinjas.

* This article was originally published here

Crypto platform FlashLoans launches new tool to execute arbitrage trades

Today, the team of DeFi platform FlashLoans, announced the launch of its new app that enables users without knowledge of Solidity to execute a flash loan and profit from arbitrage opportunities.

The DeFi tool aims to ensure market discrepancies and premiums paid for certain tokens on digital asset exchanges are eliminated.

FlashLoans has been designed so that anyone with a Web 3.0 wallet can connect to the platform and gain access to the liquidity needed to execute profitable arbitrage trades.

“All too often the DeFi sector has built products for engineers or technology specialists without taking into account the complexity of the user experience. FlashLoans aims to solve the real problem of exchange premiums and asset inequalities by providing the tools for anyone to engage with DeFi and execute arbitrage opportunities to create a fairer more level trading ecosystem.”
– David Pedrini, Founder, FlashLoans.com

FlashLoans App

Trades can be researched using the DeFi analytics tool featured on the website. Instead of researching individual exchange websites, members can view real-time aggregated data for trading opportunities.

Further, the app offers a variety of options to begin building a Flash loan-backed trade…
This includes liquidity suppliers, exchanges, and DeFi lending sites (for self-liquidating a loan position). Once configured, users can then select from a list of tokens that they wish to trade between.

Lastly, depending on their membership level, the community’s token holders are rewarded with reduced fees, access to arbitrage analytics, and insights accompanied by automated trading tools.

The post Crypto platform FlashLoans launches new tool to execute arbitrage trades appeared first on CryptoNinjas.

* This article was originally published here

Asia-based crypto custodian Hex Trust raises USD $88M in Series B

Hex Trust, an Asia-based digital asset custodian licensed in Hong Kong and Singapore with over USD $5 billion in assets under custody, has announced the close of its Series B funding round of USD $88 million.

This funding round was co-led by Animoca Brands and Liberty City Ventures.

Participants in the Series B round included Ripple, Terra, Morgan Creek, Primavera Venture Partners, LeadBlock Partners, Eterna Capital, Sino Global Capital, Topaz, and Adrian Cheng (CEO of Hong Kong real estate company New World Development).

Several blockchain companies also participated in the round including BlockFi, CoinList, Protocol Labs, Pulsar Trading, and Wintermute. Previous investors also participated in the round including QBN Capital, Kenetic Capital, HashKey Capital, Fenbushi Capital, Radiant Ventures, and Cell Rising.

Clifford Chance served as Hex Trust’s legal advisor and Imperii Partners served as the financial advisor.

The round includes USD $61 million of primary capital and USD $27 million from secondary investors.

Important goals for the new funding will be to scale to Europe and the Middle East, obtain additional licenses, continue the development of Hex Safe, the company’s proprietary crypto platform, and further enhance new business services such as financing and structured solutions. Currently, Hex Trust has over 100 employees across offices in Hong Kong, Singapore, and Vietnam.

“It was a tremendous year of growth for Hex Trust and this funding round enables us to continue scaling and become a global leader in digital asset custody. As large institutions continue adopting digital assets at an increased pace, they need fully licensed custody services to meet compliance and regulatory standards. Our mission at Hex Trust remains the same: to stay ahead of the curve in terms of licensing and compliance, integrating the latest developments such as new protocols, DeFi, NFTs, GameFi, and the metaverse, and providing innovative services and financing solutions to enable our clients to monetize digital assets held in custody with us.”  
– Alessio Quaglini, CEO & Co-Founder of Hex Trust

In March 2021, Hex Trust became the first custodian to offer fully licensed support of NFTs and also announced a joint venture with Animoca Brands in November 2021 to provide ultra-secure digital asset wallets and financial services for online gamers.

The post Asia-based crypto custodian Hex Trust raises USD $88M in Series B appeared first on CryptoNinjas.

* This article was originally published here

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