Mining on the blockchain is a notorious energy hog and bad for the environment. Ethereum is on the verge of a big change aimed at substantially reducing its carbon footprint. After seven years of using the traditional proof-of-work mining technique, Ethereum is switching to the more efficient proof-of-stake method that is expected to reduce energy consumption by 99.5 percent. That change, known as The Merge, is scheduled to take place September 14. The Merge will see Ethereum’s proof-of-work blockchain fused with the proof-of-stake Beacon Chain, which launched in December 2020 but has yet to process its first transaction. Continue reading Ethereum’s Proof-of-Stake Method Will Reduce Energy Use

The Walt Disney Company has announced the six companies to participate in its latest business accelerator program. The 2022 Disney Accelerator focuses on tech startups involved in Web3 and immersive experiences through work in augmented reality, NFTs and artificial intelligence. The six participants are: Flickplay, Inworld, Lockerverse, Obsess, Polygon and Red 6. Disney will offer participants investment capital, co-working space, guidance from Disney’s senior leadership team and an executive mentor. The Accelerator program will conclude with a Demo Day this fall at the Walt Disney Studios lot in Burbank, California. Continue reading Disney Accelerator Startups Focus on Web3, Immersive Tech