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Why Web3 gaming needs a Steam-like platform for growth
OKX chief innovation officer Jason Lau believes that Web3 games need to cultivate communities by educating players on the benefits of Web3 technology.
As Web3 games continue to gain attention, OKX believes that a Web3 version of Steam — one of the most successful digital game distribution platforms in Web2 — is necessary to support the development of the crypto gaming ecosystem.
In July, the company launched OKX GameSphere as part of its efforts to accelerate Web3 gaming. The platform allows developers to integrate Web3 elements like non-fungible tokens (NFTs) and cryptocurrencies.
OKX chief innovation officer Jason Lau told Cointelegraph that since its launch, developers have been receptive and appreciated the help with Web3 mechanics, user experience, liquidity and distribution. Read More
You Can Earn Bitcoin By Listening to Podcasts—Here’s How Much
Fountain, a fully featured podcast app on iOS and Android, pays you Bitcoin for listening and interacting with the community.
There’s a growing pile of mobile games that pay small amounts of Bitcoin as you play—but the concept is not just limited to gaming. In fact, you can earn Bitcoin by listening to podcasts through the Fountain app, without any additional ads, hurdles, or hoops to jump through. It’s just awarded inconsistently, and not at all times.
Like some of the games we’ve covered, including Bitcoin Miner and SpaceY, the Fountain app offers rewards through Bitcoin’s Lightning Network in a collaboration with payments firm Zebedee. And the app really is simple and straightforward to use.
Fountain is a fully featured podcasts app that supports all of the same shows that you might listen to through Apple’s Podcasts app or other major alternatives, though it tends to highlight Bitcoin-centric shows in its rankings. But Fountain also offers some unique bonus features, like the ability to follow users, share clips, and financially support participating shows. Read More
Independence From Web 2.0 – Three Reasons Why Your Business Should Switch to Web 3.0
Web 3.0 represents a new internet age, built on the core values of decentralization, privacy, security and personalized experiences.
To this end, it integrates technologies like blockchain and cryptocurrency to create a decentralized network that is not controlled by the hegemony of a few tech giants but rather ‘by the people and for the people.’
Since Web 3.0 evolved out of the need to make the internet free again, decentralized providers offer users more flexibility in their business choices, ensuring a level playing field for all participants.
Whether you are a business owner, a creator or a developer looking to build scalable products – or an average internet user – here are the top three reasons why you should consider switching over to Web 3.0. Read More
Crypto ETFs will expand to new asset types, indexes — Grayscale executive
The pace of adoption of crypto exchange-traded funds in the United States has been surprising even to Grayscale.
The market for cryptocurrency exchange-traded funds (ETFs) will expand to encompass new types of digital assets and diversified crypto indexes, according to an executive at asset manager Grayscale Investments.
“We’re going to see a number of more single asset products, and then also certainly some index-based and diversified products,” Dave LaValle, Grayscale’s global head of ETFs, said during an Aug. 12 webinar.
Grayscale is among the largest issuers of crypto ETFs, with upward of $25 billion in assets under management across its United States-listed crypto ETFs. Its US exchange-traded products (ETPs) currently comprise single-asset Bitcoin and Ether funds.
The US Securities and Exchange Commission authorized BTC ETFs to start trading in January, and then did the same for ETH ETFs in July. No other types of cryptocurrency ETFs are currently allowed to trade in the US.
LaValle said he had been surprised by “how swiftly we have advanced the conversation around digital assets being a critical component in clients’ portfolios” and added that he had not expected the SEC to greenlight ETH ETFs as quickly as it did. Read More
The New Mini Blog Newsfeed Is Here At Markethive! A significant achievement unlocked, with many more to come
The Markethive Social Market Broadcasting Network is rapidly gaining prominence as a blockchain-based ecosystem that empowers entrepreneurs with a unique blend of uncensored expression and impartial dialogue, fostering a spirit of collaboration. This sets it apart from the often divisive and restrictive social media landscape.
At Markethive, your experience is our top priority. That's why we're recognized for our evolutionary and innovative ethos. We consistently broaden our decentralized, all-encompassing platform, creating a distinctive news feed interface that fully captures the user's experience.
We operate as an Inbound Marketing platform similar to Marketo and Paragon. The platform is comparable to popular platforms such as YouTube, Instagram, LinkedIn, and Twitter. However, we aim to surpass these traditional Web 2.0 media platforms with the upcoming release of Markethive 2.0, which includes various new features and an improved layout.
In contrast to traditional social media platforms, which rely on a single, primary news feed algorithmically set by the central authorities, Markethive's innovative approach will incorporate four distinct news feeds tailored to support the diverse range of features and functions within the Markethive ecosystem.
Markethive's feeds, including the Conglomerate or general newsfeed, video content, blogging, and curated content, are all about putting you in control. With advanced algorithms, you can tailor these feeds to your preferences, giving you the power to shape your Markethive experience. Markethive's reach is vast, as it consolidates the various features of other platforms into a single, unified system. Read More
El Salvador Announces $1.6 Billion Investment That Will Kickstart ‘Bitcoin City’
One of two seaports that will be transformed sits near the site of the country's planned tax-free crypto haven.
El Salvador is getting a massive infrastructure investment that’s expected to support the buildout of its visionary “Bitcoin City.”
The government said Sunday that Yilport, a Turkish holding company, will invest $1.62 billion in two of El Salvador’s seaports, marking the largest private investment in the country's history.
“This will be a mixed-ownership company between the Yilport company and [El Salvador], which will operate both seaports for the next 50 years,” said the government in a video statement shared by El Salvador President Nayib Bukele on Monday. The agreement is a product of Bukele’s visit to Turkey in 2022.
One of the ports involved is the Acajutla Seaport, which handles most of the nation’s exports of coffee, sugar, and balsamic salts from Peru. The other is the La Union Seaport, an inactive and neglected seaport located where Bitcoin City is planned for construction. Read More
World’s first fully anonymous DAO created to ‘defend freedom’
Everything about this DAO is designed to be completely anonymous and invisible on the blockchain, said Bitcoin OG Amir Taaki.
A pioneering Bitcoin developer claims to have created the first fully anonymous onchain decentralized autonomous organization (DAO) with a mission to “defend freedom.”
In a post on X on Aug. 12, OG Bitcoin developer Amir Taaki unveiled an anonymous DAO that cannot be seen onchain.
“More than ever, we need anonymous DAOs to defend freedom.”
He explained that everything about the DAO is designed to be completely anonymous and invisible on the blockchain, including the DAO itself, its treasury and transactions, membership and token ownership, and proposals and voting.
Any smart contract can be called such as sending funds from the treasury, he said before adding that DAO actions remain hidden and payments reveal nothing about the treasury as receivers remain anonymous. Read More
Latam Insights Encore: El Salvador Forges a Path to Overcome IMF's Bitcoin-Phobia
El Salvador, the first country to adopt bitcoin as legal tender, has become a pioneer in many processes for a country going against the dollar hegemony. Last week, the International Monetary Fund (IMF) reported that a mission had advanced in talks to review the relationship with the Salvadoran government, compromising on a plan that seeks to “strengthen public finances, boost bank reserve buffers, improve governance and transparency.”
This approach might seem surprising given the first reactions of the institution to El Salvador’s adoption of bitcoin as legal tender back in 2021. The IMF outright called El Salvador to drop bitcoin as legal tender in 20222, stating that “[cryptocurrencies] could soon pose risks to financial stability, especially in countries with widespread crypto adoption.”
However, President Bukele’s government rejected this idea, staying strong in the face of closing the possibility of obtaining funding through conventional channels. Read More
New Crypto Scam Using QR Codes To Deceive Users Into Authorizing Wallets Spreads: Bitrace
A new crypto scam utilizing QR codes to trick users into authorizing wallets is spreading, according to crypto data analytics firm Bitrace.
In a lengthy thread on the social media platform X, Bitrace says that the new crypto scam is deceiving traders by enticing them with alluring over-the-counter trades and rewards in the native asset of the layer-1 protocol Tron (TRX).
Bitrace says that after getting the attention of a trader, the alleged scammers will make a small USDT payment as a means of gaining trust.
“Bitrace found a new type of scam where theft is carried out through a payment QR code transfer test, essentially deceiving users into authorizing wallets.
Characteristics of QR Code Scam:
- Propose an OTC (over-the-counter) transaction.
- Offer lower rates than the market.
- Offer TRX as a fee for long-term cooperation.
- Make a USDT payment to gain trust
- Requests a small repayment test.” Read More
Disclaimer: These articles are provided for informational purposes only. They are not offered or intended to be used as legal, tax, investment, financial, or any other advice.
Featured Image Source: Pixabay
