Stably Bridge, green-washing and NFT games [PRESSION]

Stably connects BTC and ETH to the Chia Ecosystem

Stably - a leading Web3 payment infrastructure provider - serves users in both developed and emerging blockchain ecosystems. As acknowledged by Yahoo! Finance, the company partnered with Chia Network back in 2021 to establish the Chia USDS stablecoin. Recently, the DeFi ecosystem has introduced bridges for Bitcoin and Ethereum, enabling users to access cryptocurrencies on the Chia network under the trading symbols BTCS and ETHS. Assets can be obtained through Stably Bridge (after KYC verification), dexie.space, or Goby Wallet. This partnership is crucial for Chia Network as it not only allows the use of BTC and ETH on the Chia blockchain but also enhances interoperability with decentralized and robust DeFi ecosystems. It also signals that Stably intends to drive cryptocurrency and DeFi adoption across various blockchains. The security of BTCS and ETHS is held by Prime Trust, and Stably plans to publish security account balances on its website monthly.

The End of Greenwashing?

Portal Cointelegraph published an interesting article about blockchain as a remedy for greenwashing (greenwashing - the practice of conveying a false impression that a product or service is environmentally friendly). Sustainable blockchains have the potential to contribute to climate improvement. The transparency and easier data verification they offer are highly valuable. While 68% of US company executives admit to greenwashing, specific solutions are needed to verify the authenticity of such claims. The White Paper published by WEF cites concrete examples, including the Climate Action Data Trust initiative, made possible by the Chia blockchain. The article quotes Gene Hoffman, the CEO of the company, who openly acknowledges that the current carbon credit trading market lacks transparency and innovation. Although an immutable blockchain is not a magical solution to all environmental problems, the technology has the potential to put an end to the era of greenwashing. Besides declaring CO2 emissions, financing eco-friendly initiatives and the clean energy market should also be examined. In short, increased adoption of blockchain technology is in the interest of all those who care about the well-being of our planet.

CODE, ChiaTCG Card Game, and NFT Gaming Potential

Business Wire, a portal closely monitoring Chia Network's progress, published an article about the launch of the CODE (Chia Open Digital Economy) developer platform. This move supports the video game industry on its journey to the open Metaverse. The sustainable infrastructure will allow game developers to join the Web3 - anyone interested will be able to create their game based on NFTs and share it with potential players. The first practical implementation of this idea is the ChiaTCG - a reference open-source card game. With Chia Offers, players will engage in direct transactions, buying and selling cards in a P2P domain, mirroring real-world card trading. Business Wire quoted Gene Hoffman, who is tired of the superficial notion of the Metaverse as a marketing stunt. Instead, Chia Network focuses on interoperability and makes a real effort to adapt the blockchain to the challenges of the open digital economy. This is not the first time that Chia has demonstrated initiative and a forward-looking approach. The published card game is available at https://chiatcg.com.

In the same context, Andrew Hayward wrote about ChiaTCG in his article for Decrypt.co. The author notes that the Web3 gaming industry is already developing on other blockchains and wonders if Chia has a chance to become a significant player in the NFT gaming space. The theoretical launch of CODE and ChiaTCG, which supports all NFTs present on Chia and turns them into playable cards, may tip the scales in favor of the green blockchain. The role of Richard Tsao, Chia Network's Metaverse Director and gaming leader with two decades of experience at giants like Microsoft, Ubisoft, and Riot Games, may be crucial here. Tsao has long been ambitious to build an open ecosystem of tradable assets belonging to players, and Chia Network finally allowed him to fully spread his wings. Tsao sees the advantage of Chia over other blockchains, including the fact that the NFT1 standard works with the Chia Offers system, enabling P2P trading of cards. While the Decrypt.co journalist remains somewhat skeptical about Chia's potential, it is evident that he treats Tsao's enthusiasm with due seriousness. As the quoted director admits, unlocking true interoperability "may take some time."

That's all from the May news roundup - look out for the next one in a month!