Sui Foundation, the Sui blockchain’s development organization, has unveiled DeepBook, a decentralized order book that intends to be a one-stop shop for trading digital assets. DeepBook, according to the organization, provides the foundation for developing DeFi solutions on the blockchain. DeepBook’s technological features were supported by Mysten Labs and MovEX. Sui’s unique ability to do parallelized transactions, combined with a public on-chain order book, enables a transparent, scalable, and useful trading facility for all DeFi projects on the network. This might minimize cryptocurrency traders’ reliance on centralized exchanges such as Binance or Coinbase. Sui was developed by Mysten Labs, which is led by co-founder and CEO Evan Cheng, to compete with blockchains like as Ethereum and Solana.
Google Play will soon allow applications and games to purchase, sell, and earn digital assets such as NFTs, hoping to meet the requirements and goals of creators. The business intends to increase the quantity and scope of its blockchain-based solutions, reinventing classic games with user-generated content and increasing user loyalty through unique NFT awards. Apple has been slower to enable users to earn and exchange digital assets within applications, but Google will take precautions to keep consumers safe. Developers must be open about tokenized digital assets and properly state any sales or opportunities for users to earn tokenized assets. Potential revenues from gaming or trading activities may not be promoted or glamorized by developers.
