Oasis launches Ethereum-compatible privacy blockchain Sapphire

July 18, 2023 Coin Telegraph

Blockchain

The new developer environment aims to drive privacy-first, cross-chain DApp development for the Ethereum ecosystem and smart contract blockchain networks.

Decentralized applications could tap into improved privacy features as blockchain firm Oasis launches its confidential EVM-compatible blockchain Sapphire.

Sapphire and the Oasis Privacy Layer (OPL) are now live, allowing existing decentralized applications (DApp) on Ethereum Virtual Machine (EVM) networks to make use of the blockchain’s privacy-first features without having to carry out cross-chain swaps for respective tokens.

Cointelegraph reached out to Oasis to unpack the core components of the Sapphire blockchain and how it could help drive cross-chain Web3 development focused on privacy features for smart contracts.

Oasis Foundation director Jernej Kos said that OPL in particular allows developers that have built DApps on any EVM network to integrate a variety of Sapphire’s features without having to migrate to the Oasis blockchain:

“Being fully EVM-compatible means that developers can build private smart contracts in an environment that they are already familiar with, for example Solidity smart contracts running on the EVM as known from Ethereum.”

Kos added that the functionality also improves the ability to deploy DApps across different chains and make them compatible. Another example would be having a core DAO smart contract on Ethereum (ETH) while handling fully private voting on Sapphire, with end-results being sent back to the core DAO contract.

“In this way the privacy capabilities of Sapphire are exposed to any other chain.”

According to the Oasis Foundation director, the majority of DApps being developed on Oasis are privacy-centric and enable users with full control over their on-chain data to control how that gets shared and accessed. This is also evident in a list of different tools and platforms that have been built within the Oasis ecosystem.

Kos highlighted confidential decentralized exchanges, privacy-enabled blockchain gaming, account abstration, confidential NFTs, private voting, sealed-bid auctions, key management and decentralized identification as use cases that have come to the fore from builders on the Oasis chain.

Magazine: Here’s how Ethereum’s ZK-rollups can become interoperable

dApp Store kit adopts new tech stack to power Web3 gaming development

June 16, 2023 Coin Telegraph

Coin Telegraph

Ready Games’ software development kit is touted to help improve Web3 gaming accessibility and user experience.

dApp Store Kit, which was initially incubated by Polygon Labs, will integrate Ready Games’ mobile game development toolkit to help developers roll out Web3 games.

dApp Store Kit’s toolkit for deploying EVM-compatible DApp stores will combine with Ready Games, allowing developers to integrate Web3 on-chain support. This will include the ability to integrate wallets and on-chain user profiles as well as a DApp Store frontend stack to launch Web3 games.

The announcement highlighted the prevalence of ‘clunky user experience' on mobile Web3 games, which often require users to constantly switch in and out of games to interact with external wallet apps.

Ready Games operates in the free-to-play gaming space, with studios representing over 2500 games and 80 million active monthly users set to feature their titles in the platform’s soon to be launch dApp Store.

Many of these publishers are expected to migrate existing games to Web3 using Ready Games’ development tools and dApp Store Kit and deployed on decentralized Polygon scaling protocols.

Ravikant Agrawal, Polygon Labs director of growth said that gaming remains a focal point for the Web3 ecosystem in which Dapp stores can drive improved user experience and engagement:

“By leveraging decentralized application stores, gamers can enjoy a seamless and secure experience while also contributing to the growth of the Web3 community.”

Ready Games CEO David Bennahum added that the integration of the platform’s Web3 gaming technology and dApp Store Kit could innovate the mobile gaming landscape:

“This integration paves the way for a new era of immersive and decentralized gaming experiences that will drive mass adoption of Web3 technology."

Decentralized application (DApp) development platform dApp Store Kit has incorporated a leading Web3 game development technology stack to help Web2 game publishers migrate their titles into Web3.

Casual gamers have been earmarked as a potential driver of blockchain-powered games by industry players. Meanwhile the Web3 gaming industry still draws criticism from mainstream commentators for tokenomics issues and general user experience and playability concerns.

Magazine: Blockchain games take on the mainstream: Here’s how they can win

Solana reclaims $200 — 3 reasons why SOL price is up 35% in seven days

October 25, 2021 Coin Telegraph

Solana reclaims 0 — 3 reasons why SOL price is up 35% in seven days

ADA price

SOL price continues to climb, with Solana’s TVL also hitting a new high of nearly $14 billion.

The price of Solana’s native SOL coin edged up on Oct. 25 in the wake of a marketwide rally led by Bitcoin (BTC), with the total value locked (TVL) on Solana hitting record highs and SOL’s price seeing a promising technical setup.

Bitcoin triggers marketwide rally

SOL climbed by more than 6% to hit an intraday high of around $214. The price of SOL is now up a little over 35% over the past week, pushing it closer to its record high of about $222 set in early September.

Bitcoin’s run-up to its new record high of $67,000 last week resulted in the total crypto market capitalization passing the $2.5-trillion mark, a new milestone for the cryptocurrency.

*Top 10 cryptocurrencies and their performance over the last seven days. Source: Messari*

That helped push SOL higher, with rival cryptocurrencies Ether (ETH) and Cardano’s ADA also jumping by over 10% and 1% in the past week, respectively.

Solana TVL hits record high

The SOL price rally also appeared as the TVL of all the decentralized finance (DeFi) projects built on the Solana blockchain reached a new record high of $13.53 billion, as per data aggregator service DeFi Llama.

*Solana TVL hits another high. Source: Defi Llama*

The most dominant DeFi project on the Solana blockchain is Saber , an automated market maker (AMM) protocol that enables Solana users and applications to trade between stable pairs of assets efficiently and earn yields by providing liquidity to the platform.

Its contribution to the Solana liquidity pool was $2.05 billion at press time.

Meanwhile, there are four other DeFi projects with a TVL of more than $1 billion. These include Raydium ($1.91 billion), Sunny ($1.73 billion), Serum ($1.69 billion), and Marinade Finance ($1.63 billion).

Solana also declared that it would add more DeFi projects to its list after the completion of its “Ignition” hackathon on Oct. 18. Users would need to hold SOL tokens to use these applications, to pay for transaction fees, thus raising the prospect of the token’s higher demand in the future.

SOL price technicals

SOL’s latest price rally came as part of a breakout move out of what appears like a Bullish Pennant. As Cointelegraph reported earlier, the technical outlook aims to send SOL to levels equal to the maximum distance between the Pennant’s upper and lower trendline around $85.

*SOL/USD daily price chart featuring Pennant breakout. Source: TradingView*

As a result, adding $85 to the breakout level around $158, the SOL price’s Pennant target is $243, i.e., almost $250. Meanwhile, a retest of the pennant’s upper trendline as support would risk invalidating the bullish setup.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.

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