Binance to support the Tezos Jakarta 2 network upgrade

• Updated

Tezos (XTZ) news as it happened

Tezos website under a magnifying glass                                 
Tezos website under a magnifying glass – Photo: Alamy
                                

Contents

This story is no longer being updated – Click here for the latest cryptocurrency news and analysis

Binance, the world’s largest cryptocurrency exchange by trading volume, will support Tezos’ latest network upgrade Jakarta 2, which is estimated to take place on 27 June.

The move means that Binance will temporarily suspend deposits and withdrawals of XTZ. The crypto exchange said “the trading of XTZ will not be affected during the network upgrade”.

Binance will reopen deposits and withdrawals for XTZ once it deems the upgraded network to be stable.

Gate.io, another crypto exchange, will be taking the same actions as Binance.

17 June: Turing College to launch Tezos course for developers

Turing College has received a grant from the Tezos Foundation to create a one to two-month “specialisation course on Tezos smart contracts development”.

Turing College, not to be confused with the college of the same name that is part of the University of Kent in Canterbury, in the UK, is an online school for Web2 developers helping them transition from Web2 to Web 3.0. It has offices in Delaware, Lithuania and Rotterdam, and was founded in 2017 by Lukas Kaminskis, Benas Šidlauskias and Tomas Moška.

Tezos courses will focus on practical projects on smart contracts, non-fungible tokens (NFTs) and decentralised finance (DeFi).

Turing College plans to launch these courses in Q3 2022.

15 June: Tezos is on the hunt for developers 

Tezos Community, a group who supports the Tezos blockchain is asking “all developers” to fill out its survey so it can hire more developers to work on the Tezos ecosystem.

The official Tezos Twitter account retweeted the Tezos Community request for developers.       

13 June: Capital FM launches Summertime Ball NFTs on Tezos blockchain 

Capital FM has launched its first ever non-fungible tokens (NFTs) on the Tezos blockchain. The NFTs, released in partnership with OneOf,  celebrate the return of Capital’s Summertime Ball in 2022, after the 2020 and 2021 events had to be cancelled due to the Covid-19 pandemic.

The radio station said the “exclusive and limited collection offers a unique opportunity to own a part of radio history”.  

The NFT collection is split into three tiers: Classic Gold, which includes unique digital collectibles, Exclusive Platinum, which includes a unique digital collectible and two tickets to Capital’s Summertime Ball in 2023, and Super Exclusive Diamond, which includes a unique digital collectible and four tickets to the Summertime Ball in 2023.   

The 2022 Summertime Ball took place at London’s Wembley Stadium on 12 June and featured artists such as Ed Sheeran, Harry Styles, Anne-Marie and Becky Hill.  

10 June: Tether launches USDT token on Tezos blockchain  

Tether Operations Limited, the company behind the stablecoin Tether (USDT), has announced it will launch a USDT token on the Tezos blockchain.

Tezos runs on the more environmentally friendly proof-of-stake (PoS) network.

Tether, which is the largest stablecoin by market capitalisation, stated: “The addition of USDT to Tezos demonstrates its growing momentum as a thriving PoS blockchain which continues to build a reputation as the leading choice for brands and institutions looking to build the Web 3.0 revolution.”

Paolo Ardoino, chief technology officer (CTO) at Tether said: “We’re excited to launch USDT on Tezos, offering its growing and vibrant community access to the most liquid, stable and trusted stablecoin in the digital token space. Tezos is coming fast onto the scene and we believe that this integration will be essential to its long-term growth.”

7 June: Gap launches third NFT collection on Tezos blockchain

US worldwide clothing and accessories retailer Gap has launched its third non-fungible token (NFT) collection that uses the Tezos blockchain.

Gap has partnered with Demitrius Omphroy, contemporary artist and former professional football player who last played for Global Football Club in the Philippines Football League, the top flight of Philippines’ club football.

On 7 June at 09:00 PT (UTC -7), three levels of NFTs will be released: common, rare and epic. The entire collection can be bought with both fiat currency and XTZ. Common NFTs cost two XTZ, rare eight XTZ and epic 50 XTZ.

Omphroy said: “My work is playful, expressive, and simplistic, yet loaded with emotion. Being able to express myself through a new digital medium and collaborate with Gap, one of the most iconic brands in history, is exciting for me as a creator. I can’t wait to share my first NFT collection with the world.”

Chris Goble, chief product officer at Gap, said: “Partnering with unique artists and creators is a cornerstone of our NFT programme. We are thrilled to collaborate with Demit and to create this vibrant collection of NFTs and product that amplifies his voice and represents his distinct individual style.”

6 June : Bridge built between Ethereum and Tezos for quicker transfers   

Tezsure, the decentralised finance (DeFi) platform, has launched the Plenty bridge, a decentralised bridge between the Ethereum (ETH) and Tezos blockchains, making transferring tokens between the two easier and simpler.

The bridge allows users to move USD Coin (USDC), Tether (USDT), Dai (DAI), Binance USD (BUSD), Wrapped Bitcoin (WBTC), WETH (WETH), Chainlink (LINK) and Polygon (MATIC) from Ethereum to Tezos or vice versa within five minutes.

Before the bridge, moving crypto assets between the Ethereum and Tezos blockchains took one hour.

24 May: eBay unveils sports NFTs with Tezos-powered platform  

OneOf, the green NFTs platform for music, sports and lifestyle, has partnered with eBay to sell sport NFTs.

The major e-commerce platform that lets people to sell, bid for and buy items online has started the campaign by selling Wayne Gretzky NFTs.

Gretzky is a Canadian former professional ice hockey player, who played 20 seasons in the National Hockey League (NHL) from 1979 to 1999.

OneOf is built on the Tezos and Polygon (MATIC) blockchain, which both run on the more environmentally-friendly PoS network.

More NFTs are planned for release by eBay throughout 2022 with each athlete having four tiers of rarity for their NFTs.

23 May: Tezos partners with the McLaren F1 racing team  

Tezos has become the technical partner of the McLaren Formula 1 (F1) racing team.

The McLaren F1 team is a British motor racing team based at the McLaren Technology Centre in Surrey, England.

In a tweet, Tezos stated that the two are “paving the way for the future, together”.

19 May: Tezos Greece unveils its first social meet up for 2022

Tezos Greece, the official Greek Tezos community, has announced its first social meet up for 2022.

The community will gather on 28 May at the Hyades events venue in Athens.

Its aim, according to the community’s Twitter account, is to “grow the Greek Tezos community and discuss all things Tezos”.

13 May: Tezos Foundation’s £1m for Asian and African artists’ NFTs

The Tezos Foundation, which supports the Tezos protocol and ecosystem, has committed £1m to a fund that will collect NFTs produced by African and Asian artists who are “underrepresented” in the NFT community.

This summer on the Tezos Foundation website, the collection will be launched in the form of a digital art gallery. It will initially be managed by Misan Harriman, chair of the Southbank Centre in London. In 2020, Harriman became the first black photographer to shoot the front cover of British Vogue.

Speaking to The Art Newspaper, Harriman said: “The Tezos Foundation Permanent Collection will support and celebrate a new generation of artists that have chosen a smart contract-enabled path to be their true selves.

“As the first curator of this collection, I want to make sure the world sees the diverse voices that are making truly extraordinary work with crypto art. We will be the custodian for this new community of creatives.”

11 May: Tezos entity partners with the National University of Singapore 

The Asia-based blockchain adoption entity supporting the Tezos ecosystem, TZ APAC, has partnered with the National University of Singapore School of Computing (NUS Computing) to set up the Centre for Nurturing Computing Excellence.

The centre will be led by associate professor Tan Sun Teck from NUS Computing and will “empower students to learn from real-world industry experts in fields such as blockchain technology, cloud computing and data science”.

TZ APAC believes “Singapore is fast becoming a leader in blockchain technology”.

Associate professor Tan said: “Over the past few years, Singapore has established itself as a leading destination for tech enterprises in breakthrough industries. By partnering with pioneering organisations such as TZ APAC, students will have the opportunity to benefit from real-world expertise at a critical juncture of their education. In establishing this Centre for Nurturing Computing Excellence, we hope to raise the bar for computing education in the country and across the region, as we nurture the next generation of tech talent.”

9 May: Tezos blockchain used to power Red Bull Guest House NFTs

Red Bull’s first-ever Red Bull Guest House Keys NFTs used the Tezos blockchain, which gave fans access to special events held during the F1 Miami Grand Prix at the weekend.

NFT wallet provider Bitski integrated the Tezos blockchain to introduce the Red Bull NFTs, which gave visitors access and benefits during the Red Bull Guest House Miami 2022 event.     

As well as serving as a digital keepsake for the F1 Miami Grand Prix held on 6-8 May, there were four tiers to the Red Bull Guest House Keys NFTs: golden, Friday, Saturday and Sunday.

The golden key granted an all-access pass to Red Bull Guest House events from Friday 6 May through to Sunday 8 May with access to a private bar, whereas the other NFTs only provided access for the day specified.

28 April: Be Blockchain joins Tezos block validators as corporate baker

Be Blockchain, the Belgium consultant and development company that specialises in blockchain technologies, has announced it is expanding its involvement in the Tezos ecosystem by validating blocks as a corporate baker.

Corporate baking is the Tezos (XTZ) equivalent of the proof-of-work (PoW) crypto mining process or block validation used by PoS cryptos.

Be Blockchain’s decision to become a baker, according to the anouncement, is “one of the best ways to become acclimatised to the network and incentivises its active participation in Tezos’s development”.

Harold Kinet, CEO at Be Blockchain, said: “What appealed to us about Tezos’s technology was the ability, as a corporate baker, to significantly increase the usability of blockchain payments by avoiding the gas fee management by the end-users.”

31 March: $500,000 Tezos Foundation grant for ‘petaverse’ company DOGAMÍ

DOGAMÍ, the mobile play-to-earn game on the XTZ blockchain, has received $500,000 (£380,865) in funding from the Tezos Foundation.

The foundation, which is based in Switzerland and supervised by the Swiss Federal Foundation Supervisory Authority, has previously declared that its purpose is the “promotion of the Tezos protocol through grants and other capital deployment vehicles”.

Virtual pet companion game DOGAMÍ, which describes itself as a “petaverse project”, has also released NFTs and the crypto $DOGA.

In an announcement, DOGAMÍ said building its game on the Tezos blockchain has “proven beneficial to the virtual pet companion game and attracts more attention from investors”.

A metaverse where players can train their pets

DOGAMÍ envisions a metaverse where players can raise and train their virtual pet companions.   

According to DOGAMÍ, its pet avatars are the hottest NFT commodity at present on Tezos because the “collection surpassed 1.2 million XTZ in volume within the first few weeks of trading on the OBJKT marketplace, making it the fastest sold out and most popular Tezos project ever”.

DOGAMÍ’s first NFT drop of 8,000 dog avatars sold out in just a few hours, according to CoinMarketCap.

The $DOGA crypto can be used to pay for DOGAMÍ NFTs, accessories and consumables.

‘Proud to support a trailblazing project’

Roman Schnider, president of the Tezos Foundation, said: “We are proud to support the highly successful project, which has reportedly shown to be a truly trailblazing project from its inception. DOGAMÍ combines gaming and NFTs to create an engaging play-to-earn experience. It is a great entry point for gamers new to blockchain gaming to enter the Tezos community, and by doing so, to expand it.”

Bilal El Alamy, co-founder and chief technology officer of DOGAMÍ, said: “We are thrilled to bring this kind of attention to the Tezos ecosystem, it is well deserved. The Tezos Foundation has been a strong sponsor of the DOGAMÍ project since its inception. It felt natural to confirm their participation in our equity.”

14 March: Tezos becomes blockchain partner for esports organisation

Misfits Gaming Group (MGG), a professional esports organisation based in Florida has announced XTZ as its official blockchain partner.

In what has been described as a “multi-year technical partnership”, this deal will include branding and sponsorship rights, as well as act as a launchpad for the MGG blockchain gaming platform, Block Born.

Block Born will be MGG’s blockchain gaming arm “dedicated to supporting and growing the blockchain gaming space, as well as supporting the community through content, tournaments and signing professionals as the space begins to emerge.”

Furthermore, all Block Born tournaments will be carbon neutral.

MSF Tezos Gaming Incubator

Additionally, MGG will be refocusing its $10m (£7.65m) gaming incubator MSF/IO to become the MSF Tezos Gaming Incubator.

MGG states “the incubator will help identify and invest in esports and gaming start-ups, as well as start-ups that build directly on the highly secure, energy efficient Tezos blockchain.”

The esports organisation also recognises Tezos for its “energy-efficient design” with its “pioneering proof-of-stake design means it is both highly secure and energy efficient as an open platform.”  

‘The momentum that is blockchain gaming’

Vas Roberts, vice president of partnerships at MGG, said: “Gaming can do a lot better, and blockchain technologies will help get us there. By building new practices upon a decentralised, indexed platform, we’ll reimagine how we work with our community, peers, and partners. Tezos will help us share new levels of access, equity, and decision-making, and we’re thrilled to pioneer how blockchain can help gaming organisations redefine how they operate.”

Mason Edwards, chief of staff at the Tezos Foundation, said: “At such an exciting time for the broader gaming and esports industries, Misfits Gaming Group’s choice of Tezos as its official blockchain adds to the momentum that is growing for blockchain gaming – with community building and player engagement as a priority. I believe that Tezos’ sustainability and its unique ability to adapt to rapidly evolving technology is perfectly aligned to support MGG’s laudable goals.”

7 March: Papa John’s gives away NFTs

American pizza restaurant chain Papa John’s is giving away 19,840 free NFTs built on the Tezos blockchain during March.

There will be nine separate designs for the NFTs, each inspired by a Papa John’s pizza delivery hot bag.

Papa John’s has described this as the “metaverse’s biggest ever NFT giveaway”. Customers will need a Tezos friendly crypto wallet to redeem a Papa John’s NFT.

The company picked the number 19,840 as Papa John’s was founded in 1984.

The digital collectibles were designed by NFT artists Tom Hoff and Ash Sketch. Hoff was born in Chile but currently lives in Spain, while Sketch is based in London.   

Cleaner NFTs

By using the XTZ blockchain, the Papa John’s NFTs will be more energy efficient, as it uses “over two million times less energy than popular proof-of-work (PoW) networks”. XTZ runs on the more environmentally friendly PoS network.

As the food chain explained: “The total annual carbon footprint of the Tezos blockchain is reported to be the equivalent to the average energy footprint of 17 people.”

The crypto also has a lower “gas fee” which means that users can mint, host and trade NFTs with “minimal barriers to entry”.   

Cryptos that run on a PoW blockchain are “very inefficient and wasteful” compared with PoS. Creating and trading NFTs on the Tezos blockchain takes roughly the same amount of energy needed to send an email or post something on social media.

Manchester United kit sponsored by Tezos

In February 2022, Manchester United Football Club, which competes in the UK’s Premier League, signed a multi-year training kit sponsorship deal with Tezos.

The sponsorship deal was said to be worth more than £20m ($26.2m) a year and means the XTZ logo is placed on the team’s training uniform. The deal is also said to encompass further collaboration beyond the training kit sponsorship and could potentially see the club moving into the metaverse and Web 3.0.

Further reading

The material provided on this website is for information purposes only and should not be regarded as investment research or investment advice. Any opinion that may be provided on this page is a subjective point of view of the author and does not constitute a recommendation by Currency Com Bel LLC or its partners. We do not make any endorsements or warranty on the accuracy or completeness of the information that is provided on this page. By relying on the information on this page, you acknowledge that you are acting knowingly and independently and that you accept all the risks involved.
iPhone Image
Trade the world’s top tokenised stocks, indices, commodities and currencies with the help of crypto or fiat
iMac Image
Trade the world’s top tokenised stocks, indices, commodities and currencies with the help of crypto or fiat
iMac Image