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What are NFT DApps, and how to create and launch one?
Explore the evolving world of NFT DApps: decentralized, blockchain-powered applications revolutionizing digital ownership and creative monetization.
The synergy between NFTs and DApps creates a dynamic ecosystem where digital ownership, decentralized finance and programmable assets converge, offering innovative solutions across various industries.
Decentralized applications (DApps) and nonfungible tokens (NFTs) are two important components of the blockchain and cryptocurrency ecosystems. Despite their disparate functions, there are several instances in which they coincide and enhance one another.
For instance, NFTs can be used in DApps to signify ownership or access privileges for both real and digital assets. DApps can tokenize unique goods, such as in-game assets, digital art or real estate, by utilizing NFT standards such as ERC-721 or ERC-1155.
NFTs are frequently used to represent in-game assets in gaming DApps. These assets are tradeable and buyable on secondary markets, which improves the idea of genuine ownership and compatibility across many virtual worlds or games. Read More
Tech firm Republic taps Avalanche for profit-sharing investment note
The blockchain-based investment note is issued on Avalanche and will automatically distribute profits to holders’ wallets.
Neo-investment and technology firm Republic plans to issue a blockchain-based security token that will pay dividends to retail investors from profits across its broad portfolio of investment holdings.
The Republic Note is a profit-sharing digital asset that will be launched on the Avalanche blockchain, which accrues profits generated from Republic’s wide-ranging investment portfolio and services. Republic has attracted over three million investors and has deployed over $2.6 billion into various ventures, including the likes of Web3 firms Avalanche, DappRadar and Dapper Labs.
Republic has already carried out a presale round for the Republic Note, attracting over $30 million from individual and institutional investors. Dividends from the note are set to be paid out in USD Coin to retail investors when the dividend pool reaches a threshold of $2 million. Read More
The Guide to DAO Success – Building Stronger Communities
DAOs have redefined the way we perceive organizational structures and the philosophy of networks.
Unlike traditional centralized systems, a DAO doesn’t have vertical or horizontal exposure.
It distributes decision-making and execution to all members of the organization simultaneously in proportion to their stake and contribution.
This approach ensures an equitable and democratic distribution of resources and responsibilities, fostering a sense of unity and collective ownership.
Every action and contribution is valued, encouraging a collaborative and inclusive space where the combined efforts of individuals create a harmonious and prosperous community.
If centralized organizations are visualized as pyramids or matrices, a DAO is a probability cloud where each particle has a weight and level of activity.
This structure establishes complex and efficient relationships where investors, contributors and community members collaboratively propose and implement ideas.
The transparency afforded by blockchain technology enables clear consensus, ensuring the protection and acknowledgment of each party’s responsibilities and interests. Read More
Are Bitcoin ETFs good for adoption or ‘watered-down crypto’? Debate rages
As hype builds for spot Bitcoin ETFs in the U.S., some are concerned the industry is moving away from the “core promise” of cryptocurrencies.
CoinList founder Andy Bromberg believes that spot Bitcoin exchange-traded funds (ETFs) are just “watered down crypto” and a sign the industry is heading in the wrong direction, amid growing hype over potential ETF approvals in the United States.
Bromberg — also CEO of payments-focused wallet app Beam — told Cointelegraph: “If a Bitcoin ETF is considered crypto, we’ve failed as an industry.”
He said a Bitcoin ETF would “absolutely” be a net positive for crypto adoption but asserted the space’s success comes from helping people self-custody assets and decouple from the traditional finance system — the antithesis of a TradFi ETF.
“If crypto adoption happens mostly through ETFs and similar centralized financial instruments, then the core promises of the technology won’t be realized — decentralization and true ownership.” Read More
Also, Updates On New Integrations And The Markethive Wallet
As the bear market continues wth its crypto-cleanse and traders bemoan the adverse price action, some industry leaders opine these conditions will eradicate bad actors and create more significant opportunities for upcoming projects and future participants. Several leading crypto analysts and engineers embrace the idea that this is the time to engage in moves leading to the loftiest gains when the bull cycle returns.
Markethive stands firm with these sentiments and continues to build its next-generation entrepreneurial platform and be ready for the market-cleansed bull run. Those on the Markethive journey may be aware that new features are being integrated into the newsfeed in preparation for the five-channel dashboard housing various feeds.
The innovative five-channel dashboard integration will consist of five newsfeeds—the general newsfeed, the blog, the video channel, curation, and surveys.
It will significantly streamline your activities and business facilitation and will include a search engine so you can build your personal algorithms. This will save time and effort by eliminating what you don’t want to see in your newsfeeds, be more intuitive, and enhance the user experience.
CEO of Markethive, Thomas Prendergast, and the team of engineers have made substantial headway with the wallet. It is all but done, and the release is imminent. It’s not a simple wallet that just transfers coins. It is a complete portfolio and accounts of all your transactions, payments, and affairs, including your ILPs. The wallet comprises fourteen major foundational processes and is your internal wallet on the Markethive database. Read More
How can NFTs help farmers — from production to distribution?
From avocado trees to blockchain, learn what utility NFTs are and how they’re reshaping the agricultural industry.
Nonfungible tokens (NFTs) have traditionally been associated with digital art, profile pictures and other digital collectibles. Capable of preserving uniqueness, these tokens are still popular, but there is another type of NFTs that goes one step further — NFTs. They offer tangible and real-world benefits to holders.
Utility NFTs offer immediate value upon purchase by granting access to certain privileges or exclusive experiences. For example, they can unlock premium content, provide memberships, or allow holders to redeem rewards or items.
The value of the utility NFT most often derives from the value of the real-world item or experience it represents. However, it can also have intrinsic value based on rarity and popularity.
Technically, utility NFTs are no different than regular NFTs — they leverage blockchain technology to ensure uniqueness, ownership and authenticity. The only difference is that they are directly linked to specific items or experiences. They are minted on decentralized networks using smart contract standards explicitly developed for NFTs. Read More
Security firm dWallet Labs flags validator vulnerability that could affect $1B in crypto
Validator service provider InfStones told Cointelegraph that “nothing close to $1 billion in assets would be at risk,” even in the worst-case scenario.
Blockchain security firm dWallet Labs recently disclosed a vulnerability that it claims could affect up to $1 billion worth of crypto, with assets such as Ether, Aptos, BNB and Sui (SUI) at risk.
In a paper sent to Cointelegraph, dWallet Labs reported a potential vulnerability in validators hosted by an infrastructure provider called InfStones. According to dWallet Labs, it started a research paper covering attacks on blockchain networks and collecting private keys with Web2 attacks. During this research, dWallet Labs said it discovered vulnerabilities in InfStones validators. It wrote:
“A chain of vulnerabilities we discovered and exploited during our research allowed us to gain full control, run code and extract private keys of hundreds of validators on multiple major networks, potentially leading to direct losses equivalent to over one billion dollars in cryptocurrencies such as ETH, BNB, SUI, APT and many others.” Read More
Understanding and Mitigating Economic Risks in DeFi Lending Platforms
The DeFi sector provides unparalleled opportunities for capital management.
However, exercising this freedom requires conducting thorough research and evaluating the risks associated with depositing funds into a particular protocol.
And the fact that this market is rather opaque in its structure and lacks in the way of sophisticated risk management tools means that the task of assessing said risks often falls directly on the shoulders of users.
This poses no small amount of complications as – under normal circumstances – users should not have to perform their own risk management.
But there is an undeniable gap in security solutions in the DeFi market that leaves them doing just that.
With this in mind, I have put together a list of economic risks in DeFi lending protocols with their comprehensive analysis and ways to assess whether a particular project is taking steps to protect itself against them. Read More
Kraken co-founder hails ‘more fair’ playing field as DOJ fines Binance
Jesse Powell sees CZ’s and Binance’s legal proceedings as a positive change, as “going after the most egregious offenders offshore would require effort.”
Kraken co-founder Jesse Powell has welcomed the result of the Binance investigation in an X (formerly Twitter) post and has highlighted the need for long-term-oriented visionaries and shareholders.
Over the last 12 months, leaders of major crypto exchanges, such as FTX and Binance, have come under federal scrutiny by United States government agencies for allegations ranging from misappropriation of investors’ funds to bypassing Anti-Money Laundering (AML) regulations.
According to Powell, the probes provide much-needed answers to How are they going so fast? and How are they getting away with it?
Powell sees Binance and former CEO Changpeng “CZ” Zhao’s legal proceedings as a positive move, as “going after the most egregious offenders offshore would require effort.” He stated that U.S.-based crypto businesses such as “Kraken, Coinbase and Ripple are all easy targets, sitting right in their back yard.” 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.
