Global #blockchain networks

In the evolving world of blockchain technology, the term "chain abstraction" has been gaining traction, particularly within discussions about enhancing user experiences in the Web3 space.

In the dynamic realm of blockchain technology, cross-chain interoperability has emerged as a pivotal focus area. As blockchain networks evolve with diverse functionalities and features, the ability to seamlessly communicate and transfer data or value across different chains becomes imperative.

A recent law in the United States grants the President expansive authority to restrict access to digital assets, sparking concerns among experts in the field. Scott Johnsson, a notable figure in digital assets, criticized the law for its wide-reaching implications, suggesting it could effectively empower the President to ban certain protocols and smart contracts.

DeBank, a leading Web3 communication tool and asset tracker, has achieved a significant milestone by incorporating access to the OKX Web3 wallet.

On Wednesday, Bitcoin emerged as the leading blockchain in the non-fungible tokens (NFT) market, recording sales of $19.08 million, which represented a 5.79% increase compared to the previous day.