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Torum, the Swiss Army Knife of the Crypto Ecosystem
To survive in a bear market, securing community support is essential. Without an active community behind a project, the project simply starts its own countdown to death.
However, the industry is always short of a cost-effective channel for projects to build their exposure. To get connected with the cryptocurrency communities, most projects are forced to use PR, airdrops, and offline events which only produce short-term results, yet remain costly as ever.
As a social media platform with over 59,000 unique cryptocurrency users, this is where Torum comes into place. In the coming July 2021, Torum is going to unveil an ecosystem development strategy that aims to connect and enrich all the industry leaders, communities, and projects in the present crypto industry.
A One-Stop Marketing Suite for Projects - In the coming H2 of 2021, Torum will be shifting the focus of ecosystem development into integrating a set of project-specific features that enables project owners to build and manage their community, while helping projects attain the desired marketing exposure cost-effectively. Read More
Ethereum Classic devs announce upcoming hard fork
On Monday, developers of the Ethereum Classic blockchain announced a hard fork to implement the project’s latest version, now scheduled for launch in late July.
The upgrade, which the community has dubbed “Magneto,” will include the four Ethereum Improvement Proposals (EIP) first seen in Ethereum’s Berlin upgrade earlier this year.
These proposals are meant to improve the network’s security while saving on gas costs by storing addresses and keys in one place for users to access with a single transaction.
Beta testing on Ethereum Classic’s Morder and Kotti testnets began on June 2 and June 9, respectively. The Magneto fork is set to officially occur once these tests have concluded. Read More
Utility-focused NFTs: the future of blockchain art?
To stand out in a saturated market, NFT startups should focus on real use cases, according to COO at NFTY Labs, Titan Inc.
Transitioning from static digital collectibles to tokens with real utility will lead to a new generation of NFTs according to Tytan Inc the COO of NFTY labs, a platform focused on building products for the NFT space.
In a recent interview with Cointelegraph, he said that even if the market is saturated, there is still room for startups to raise funds in the NFT ecosphere.
“Most VCs are kind of catching on to the fact that a lot of the real value is in how you can use an NFT and not so much about what it looks like.”, he pointed out. Read More
How Does Markethive Create Token Velocity?
Token Economies are still very new technology so more research needs to be performed. Even financial experts in the field of economics have conflicting analogies at present. They are calling it an economic tautology, however, it stands to reason we at Markethive are on the right track here.
Not only is Markethive Coin a medium of exchange, but it also has great utility value in its products and services. It is a consumer coin so there is a need to hold it and consume it within the ecosystem of Markethive.
A token that is only a medium of exchange has a very strong chance of falling victim to price manipulation. Alternatively, Markethive has in place, numerous velocity stabilizers including staking, (The Vault), network utility expansion, and the fact it is a cryptocurrency coin, will keep the balance of velocity. This ensures that the velocity is maintained for the initial and long-term price of MHV and is indicative of a healthy Markethive Ecosystem. Read More
To change the art industry, NFTs must be more secure
A more secure nonfungible token infrastructure holds the key to disrupting the current art world.
The validation of authenticity - In the physical world of art, the artist signs their pieces to enable validation of authenticity, and the owner of the art piece ensures its permanence by securely storing it somewhere they trust. For NFTs to achieve long-term success, blockchain technology must enable a similar capability and do so in a decentralized, self-sovereign manner. Read More
Cars for Crypto — How the Automotive Industry Is Getting Involved in Blockchain
The automotive industry has been finding new ways to adopt cryptocurrency for payment.
Cryptocurrency owners now have the ability to not only buy cars but also invest in NFTs and fan tokens.
Fan tokens have become a popular avenue for racing enthusiasts to interact with the teams. Read More
‘We Want You in Wyoming’ Says Senator Lummis to Miners
Senator Lummis follows the likes of Francis Suarez in encouraging miners to move their operations to the U.S.
The senator discussed BTC mining and energy implications on CNBC's Financial Advisor Summit in June.
Lummis advised not to judge bitcoin mining as "an energy bad guy" due to ongoing innovations that prove otherwise. Read More
The ABCs of DAOs
How decentralized autonomous organizations are automating the corporation.
As of June 2021, over $1 billion has been committed towards blockchain-native analogs of traditional corporations called decentralized autonomous organizations or DAOs. A DAO uses blockchains and smart contracts to organize the mechanics of corporate governance, thereby facilitating collective participation of distributed participants in the funding and production of community goods.
There are now several prominent DAOs in the Ethereum community, and recent legal moves in places like Wyoming have begun establishing bridges between traditional legal structures and these new on-chain entities.
In this post, we’ll explore what DAOs are and why they’re important. We'll also look at some of the most exciting DAO projects out there. 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 other advice.
