Just recently unveiled, Linea’s cutting-edge mainnet alpha presents a revolutionary user experience, encompassing an expansive ecosystem of over 100 protocols, partners, dapps, and seamlessly integrated user-friendly connections to top-tier web3 products such as MetaMask. This integration empowers users to effortlessly explore and leverage curated web3 features.

The mainnet significantly improves Ethereum’s scalability, as well as provides curated web3 features including fast finality, high throughput, and low latency for DeFi applications, NFTs, gaming, and social apps. The upgrade also introduces a new outer-proof system, batch conflation, and a dynamic fee mechanism to manage changes in L1 gas fees.

Banxa’s integration onto the Linea mainnet as one of the first partners will allow developers to leverage its seamless fiat-to-crypto on-ramping infrastructure and other decentralized payment services to deliver a premier user experience.

Nearly six months after Banxa first announced its partnership with MetaMask, this latest update demonstrates the continued commitment of the two companies to expand the capabilities of the Ethereum ecosystem to users all over the world.

Linea is currently onboarding premium partners this week, with the ecosystem being open for business for users week commencing 17th July 2023.

Linea combines the power of zero-knowledge proofs with full Ethereum Virtual Machine (EVM) equivalence, allowing builders to create scalable decentralized applications (dapps) or migrate existing ones without the hassle of changing code or rewriting smart contracts.

Moreover, Linea empowers users, builders, and developers to build a new generation of scalable Ethereum dapps. The alpha release delivers faster throughput, and transaction fees up to 15 times lower than Ethereum layer 1 (L1). In addition, the release enables deeper integrations with MetaMask, which plans to offer Linea to users of their popular Bridge, Swap, and Buy features in Portfolio.

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This new crypto purchase method in MetaMask, is only for select U.S. users who can access this new functionality starting today, and it will be made available to all eligible U.S. customers in the ensuing weeks.

Integration Highlights

Initially available to select PayPal users in the U.S., this integration enables the seamless purchase and transfer of ETH from PayPal to MetaMask.

MetaMask is the world’s leading self-custodial wallet, the U.S. being among the top markets in terms of users. The MetaMask wallet is the primary way millions of users interact with applications that include NFT marketplaces, play and earn games, decentralized autonomous organizations (DAOs), decentralized finance (DeFi) applications, and metaverse worlds.

Lorenzo Santos, Product Manager for MetaMask, added, “This integration with PayPal will allow our U.S. users to not just buy crypto seamlessly through MetaMask, but also to easily explore the Web3 ecosystem.” 

The MetaMask and PayPal integration is the latest in a series of announcements that aims to improve and diversify payment options for users within the MetaMask mobile app.

How to use MetaMask and PayPal

When using PayPal, add cryptocurrency to your MetaMask wallet:

• Log in to the MetaMask mobile app.
• Select “PayPal” after clicking or tapping the “Buy” button.
• You will be directed to PayPal to log in. After entering the desired amount in dollars of Ethereum to add to your wallet.
• Purchase your cryptocurrency through PayPal, or send it directly if you have enough ETH to cover the cost of the transaction.
• Done! Now that you’ve successfully purchased cryptocurrency in MetaMask, you can easily explore Web3 while on the move.

About ConsenSys 

ConsenSys is a leading Ethereum and decentralized protocols software company. We enable developers, enterprises, and people worldwide to build next-generation applications, launch modern financial infrastructure, and access the decentralized web. Our product suite, composed of Infura, Quorum, Codefi, MetaMask, MetaMask Institutional, Truffle, Diligence, and our NFT platform, serves millions of users, supports billions of blockchain-based queries for our clients, and has handled billions of dollars in digital assets. Ethereum is the largest programmable blockchain in the world, leading in business adoption, developer community, and DeFi activity. On Ethereum’s trusted, open-source foundation, we are building the digital economy of tomorrow.

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About Paypal

PayPal has remained at the forefront of the digital payment revolution for more than 20 years. By leveraging technology to make financial services and commerce more convenient, affordable, and secure. The PayPal platform is empowering 429 million consumer and merchant accounts in more than 200 markets to join and thrive in the global economy.

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SOURCE

https://consensys.net/blog/press-release/consensys-teams-with-paypal-for-a-new-way-to-buy-crypto-in-metamask/

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With the beta version of its NFT API, Infura users are able to easily build and verify digital assets. As well as create metadata templates, enabling them to customize and mint NFTs within minutes. In addition to Software Development Kits (SDKs) and interactive tutorials, the NFT API also offers a range of developer resources. ConsenSys Diligence audited all SDK smart contracts to eliminate any code vulnerabilities. Developers can now sign up for the beta release on Infura’s website.

“The NFT API is the perfect onramp for Web 2 and Web 3 developers looking for an end-to-end solution that’s scalable and high-performing,” said Nayana Singh, General Manager of Product at ConsenSys.  “The NFT market is seeing a huge inflow of market demand, even among mainstream developers. We offer a range of tools and information to help bring NFT development to the next level. Our long-term vision is to give developers a comprehensive development platform where they can access and aggregate cross-chain NFT (starting with Ethereum) and mint NFT collections to multiple networks with one integrated product.”

Infura is part of the most comprehensive tech stack in Web3. With the introduction of the NFT API, developers will have access to NFT tools in the ConsenSys stack which include seamless integration with MetaMask, Truffle IDE, Diligence smart contract auditing tools, and the ConsenSys NFT platform. As part of the experience, developers can expect faster iterations, access to NFT metadata and stability.

About ConsenSys 

ConsenSys is a leading Ethereum and decentralized protocols software company. We enable developers, enterprises, and people worldwide to build next-generation applications, launch modern financial infrastructure, and access the decentralized web. Our product suite, composed of Infura, Quorum, Codefi, MetaMask, Truffle, Diligence and our NFT platform, serves millions of users, supports billions of blockchain-based queries for our clients, and has handled billions of dollars in digital assets. Ethereum is the largest programmable blockchain in the world, leading in business adoption, developer community, and DeFi activity. On this trusted, open source foundation, we are building the digital economy of tomorrow.

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About Infura

Infura is the World’s Most Powerful Blockchain Development Suite.

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SOURCE:

https://consensys.net/blog/press-release/consensys-announces-the-beta-release-of-infura-nft-api/

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ConsenSys, a market-leading blockchain technology company, is delighted to announce the launch of two highly anticipated product features at NFT.NYC2022, which will streamline Non-Fungible Token (NFT) experiences for developers, crypto funds, market-makers, DAOs, artists and NFTs enthusiasts. The Web3 leader will launch its Beta version of the Infura NFT API and the MetaMask Institutional NFT feature.

The Infura NFT API is an end-to-end solution that makes it easier for developers to build, create, mint, sell NFTs and provide the building blocks that any NFT project would need for an accelerated path to value. To address the increasing demand from organizations to have an holistic breakdown of NFTs held across all accounts and marketplaces MetaMask Institutional (MMI)—a version of MetaMask that integrates institution-required custody, operational efficiency, risk, and compliance features—has launched NFT capabilities within their DeFi and Web3-focused Portfolio Dashboard  for organizations.

ConsenSys pioneering NFT integration since day one

ConsenSys’ products have powered the NFT experience since the very beginning. These disruptive and unique tokens are a paradigm shift for the creator economy, enabling fairer economic terms and artist-owned digital communities. They have gained an immense amount of traction and will potentially grow even more rapidly as major brands and companies adopt them. In 2021, Web3 paid out $174,000 per creator, while Meta paid out $0.10 per user, Spotify paid out $636 per artist, and YouTube paid out $2.47 per channel. An artist can own the relationship with their fans in perpetuity.

Infura NFT API

Infura’s new NFT API along with SDKs and developer tutorials make it easier for developers to easily customize and create NFTs. As well as pull essential data to service end users. It provides developers with tooling specifically targeted at reading information from NFT contracts and writing to or creating all new NFT contracts. This gives developers a streamlined experience for faster iterations, access to NFT metadata, and stability.

MetaMask Institutional, addressing the surge of organizations’ interest in NFTs

MMI also announces the launch of the NFT feature within its portfolio dashboard, providing detailed asset views across a range of metrics. It provides a holistic breakdown of NFTs held across all custodians, accounts, and marketplaces. With this new feature, MMI users gain access to the complete data suite of digital assets.

About ConsenSys

ConsenSys is a leading Ethereum and decentralized protocols software company. Therefore, they enable developers, enterprises, and people worldwide to build next-generation applications. Also, launch modern financial infrastructure, and access the decentralized web.

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About MetMask

MetaMask is crypto wallet & gateway to blockchain apps.

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About Infura

Infura is World’s Most Powerful Blockchain Development Suite.

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SOURCE:

https://consensys.net/blog/press-release/consensys-accelerates-the-nft-experience-by-launching-infura-nft-api-and-metamask-institutional-nft-portfolio-view-for-developers-and-organizations/?utm_content=212417179&utm_medium=social&utm_source=twitter&hss_channel=tw-3129477561

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This partnership aims to strengthen the ties between the companies and to support the implementation of blockchain services and infrastructure while helping BHO Network develop new technology platforms.

As part of the ongoing discussion between the two companies, BHO Network and ConsenSys have agreed to explore on the following initiatives on a best-effort basis:

• The provision of blockchain infrastructure and solutions-related services by ConsenSys to BHO Network.
• Enabling local payment gateways within the MetaMask wallet by BHO Network. This can potentially help Vietnamese users buy cryptocurrencies with fiat currencies on the MetaMask wallet more conveniently.
• Depending on compatibility, the potential integration of the MetaMask wallet and/or its related features into the BHO Network as an option for users.
• The research and development of other blockchain-based products in the future.

About ConsenSys

ConsenSys is a leading Ethereum and decentralized protocols software company.

The company enables developers, enterprises, and people worldwide to build next-generation applications, launch modern financial infrastructure, and access the decentralized web.

Its product suite, composed of Infura, Quorum, Codefi, MetaMask, Truffle, Diligence and NFT platform, serves millions of users, supports billions of blockchain-based queries for clients, and has handled billions of dollars in digital assets.

Ethereum is the largest programmable blockchain in the world, leading in business adoption, developer community, and DeFi activity. On this trusted, open-source foundation, ConsenSys is building the digital economy of tomorrow.

Website | Twitter

About BHO Network

BHO Network is built on BHO Chain (BHC-20) – a high-speed blockchain platform with low transaction fees.

The infrastructure of BHO Network can be cross-chained with other popular networks such as BNB Chain (BSC), Ethereum or Polkadot.

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SOURCE

https://bho.network/bho-network-announces-its-partnership-with-consensys

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