‘Build The Block’ is Binance’s latest reality series, featuring 12 startups in a cryptocurrency-themed competition, with the first episode premiering on May 12th on Binance Live and YouTube.
Build The Block, a brand-new reality series with a cryptocurrency theme that will pit 12 startup companies against one another, is Binance’s entry into the metaverse. On May 12, the first episode will debut on Binance Live and the website’s official YouTube channel.
Build the Block is Binance’s first metaverse reality television program
The renowned cryptocurrency exchange Binance’s worldwide creative division, Binance Studio, has announced the debut of its first metaverse, a version of the reality show dubbed “Build The Block.”
Twelve cryptocurrency firms will compete in the new reality program in Binance’s inaugural metaverse. The episodes will be live and contain a real-world Web3 entrepreneurial challenge for the audience and a panel of judges.
Binance’s first foray into the reality show metaverse is a brand-new global digital entertainment series.
On May 12 at 22:00 (UTC+8), the first episode of Build The Block will debut on Binance Live and the company’s official YouTube channel.
The latest unique test on the platform is Binance and the metaverse reality show
This Build The Block appears to be Binance’s most recent creative initiative through Binance Studio.
He Yi, co-founder, CMO, and head of Binance Labs, did in fact say:
Build The Block is Binance’s latest innovative experiment: the creation of the industry’s first metaverse investment competition. This initiative has attracted a large number of web3 entrepreneurs and builders to participate and showcase their projects. We hope that this platform will encourage everyone to innovate further. We believe in the potential of the metaverse and blockchain technology and will continue to empower innovators to create the future of the internet.
Lightning Network interaction with Bitcoin
The number of daily transactions on Bitcoin’s blockchain increased significantly only this week, reaching an all-time high of nearly 680,000 on May 1st.
This unexpected rise, which is also related to the surge in demand for Bitcoin’s NFT Ordinals, has slowed down the blockchain’s operation because Bitcoin can only handle a certain amount of daily transactions due to its scalability.
Transaction fees have unfairly increased along with expectations. In light of this, Binance had to halt withdrawals in order to prevent high costs, only to resume them after fees had returned to normal.
But when it comes to bitcoin, restricting and allowing users’ withdrawals is not the sole option. In fact, the most well-known cryptocurrency exchange only agreed to incorporate Bitcoin’s Lightning Network yesterday, making it the best Layer 2 in the industry.
The Lightning Network (LN) allows for the usage of channels instead of the blockchain as the default location for all bitcoin transactions.
