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Crypto News: Cardano launches brand new update

Crypto News: Cardano launches brand new update

Welcome to another new crypto news summary. All the important news and events within the world of cryptocurrency from last week (June 19, 2023, to June 23, 2023) are summarized for you below so that you are completely up to date again before you head into the weekend.

Cardano launches brand new update

Cardano (ADA) developers launched a new upgrade on Monday, June 19. This new upgrade should reduce transitions between different epochs to make the layer-1 blockchain smoother for users of the network.
Epochs are literally the different time periods on Cardano's blockchain. A time period, or epoch, is handled by the network for validating new transaction blocks.

Called "Cardano Node 8.1.1," this new Cardano upgrade changes the way epoch calculations are made in a way that speeds up network processes during the change in epochs. The upgrade also includes solutions to poblems with peer-to-peer network communications and the Cardano-based domain name system.

Nike enters partnership with Fortnite

Nike announced a few days ago that the company has joined hands with the popular video game Fortnite. This involves .Swoosh, Nike's Web3 platform.
The collaboration was announced through a sneaker hunt called "Airphoria". This sneaker hunt took place on June 20.

Airphoria is a new Air Max-related virtual world. Airphoria is available on Fortnite through June 27. All Fortnite players who are active on Airphoria for 10 minutes or more will receive the Air Max 1 '86 Black Bling digital sneaker within the game.

Players who link their Epic Games and Nike accounts while Airphoria is available. This will allow players to claim an "Account Linking Achievement" on .Swoosh. However, this has no monetary value, so it cannot be traded. Owners can, however, be the first to gain access to future .SWOOSH virtual Air Max collections.

Car brand Skoda steps into the world of crypto

NFTs are an important component within the world of Web3. The decentralized Internet is still in a development period, but the emergence of NFTs has generated interest among many. The adoption of NFTs continues at a rapid pace; more and more companies do not want to miss this unique opportunity and are slowly discovering the many benefits that NFTs and Web3 have to offer.

More and more well-known brands and names are venturing into NFTs. So there is another new brand joining the list: the well-known car brand Skoda is going to launch its own NFT platform.
June 20, Skoda India, in partnership with Near Protocol (NEAR) launched a new NFT platform.

Skoda announced that the Skoda NFTs bring three benefits. First, the NFTs give people the opportunity to own a unique Skoda artwork or collectible. Second, the NFTs have potential for value appreciation. Last, the NFTs will provide access to exclusive benefits, rewards or experiences.