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Kickstarter plans to migrate to platform built on Celo blockchain
Crowdfunding platform Kickstarter will be launching a new company that will eventually see its website move to a blockchain-based system on Celo.
In a Wednesday blog post, CEO Aziz Hasan and co-founder Perry Chen said Kickstarter would be developing an open-source protocol that will live on the Celo blockchain. The two execs cited the blockchain’s efforts in minimizing its environmental impact — being carbon negative — in addition to the fact it was open source.
“We are entering a significant moment for alternative governance models, and we think there's an important opportunity to advance these efforts using the blockchain,” said Chen and Hasan.
Bloomberg reported that Kickstarter planned to transition its website to the blockchain platform in 2022, with the project announcing it would release a white paper “in the coming weeks.” Kickstarter reportedly said the migration will not affect any of the millions of users currently using the platform to crowdfund for projects including medical and fitness products, artwork, books, and movies. Read More
Reddit Introduces ETH-Based Community Points Beta Program With Custom Tokens for Subreddits
The popular forum and news aggregation web portal Reddit has revealed the firm’s Community Points beta program where Reddit users can “own a piece” of their community with “custom tokens” for subreddits.
Blockchain-Backed Reddit Community Points: ‘The First Step Towards a Different Future for Online Communities’
At the end of July, Reddit announced that the platform’s Community Points system would leverage the Layer 2 (L2) protocol Arbitrum. This week, Reddit revealed a new website that features the Community Points beta program, which says that Reddit patrons will be able to leverage native crypto-assets tethered to unique subreddits. At the time of writing, there is a waitlist and users can sign-up via a form Reddit created.
“Community Points are the first step towards a different future for online communities,” Reddit’s description of the new beta program notes. “These tokens live on the blockchain, which means they are truly owned by the community. Over time, your community will benefit from even greater control and independence… on and off of Reddit.” Read More
Coinbase Introduces DeFi Yield Experience, Integrates Wallet With Ledger
Coinbase, a leading crypto exchange based in the U.S., has announced that it has launched yield earning for its customers from over 70 countries, with a new program for exposure to decentralized finance (DeFi).
"DeFi has tremendous potential to help increase economic freedom, and we're excited to be able to provide a trusted and accessible way to participate." the exchange said.
This move from Coinbase follows its recent stand on its perceived uncertainty, with regards to Layer 1 blockchains such as Solana, Avalanche, Terra, and Binance Smart Chain. Read More
How a blockchain network plans to tackle the internet's major shortcomings
As some countries block sites and jam communications, this project is vowing to offer a "truly decentralized and anonymous alternative to the regular internet."
According to Unigrid, today's internet is centralized "and controlled by big businesses running huge data centers," putting the personal data of everyday users in their hands.
Its network has been described as a "low-level backbone" for a truly decentralized internet. Gridnodes deliver storage space and communication channels and double up as a swarm of proxies to ensure that data remains encrypted at all times.
And whereas conventional blockchains use a vertical structure to store data — attaching new blocks to the ones that came before — the Unigrid network takes a different approach, sharding data across an ever-growing number of blockchains for "redundancy, speed, security and the ability to scale." Read More
Markethive is a monolithic blockchain project currently operating as a social network, an entire inbound marketing platform with email, blogging, and digital media capabilities that broadcast to the vast internet. It’s a complete Market Network and the first of its kind.
Markethive is predominantly a free system where users can access a platform that can cost more than $2,500 offered by other marketing platforms. There are, of course, upgrades that open up more tools and monetization opportunities, the first being the Entrepreneur One Loyalty Program, and coming soon is the Premium Upgrade.
The many domains Markethive has and its autonomous cloud systems that ensure its sovereignty and longevity make it untouchable and immune from the tech giants’ rule and biased agenda. But can still remotely infiltrate the social media platforms and reach the multitudes either locked in or looking for an alternative meritocratic medium.
In other words, wherever you go, Markethive is there, anywhere and everywhere, delivering its message via its community of entrepreneurs to a far-reaching audience. This next-generation social market media is poised in the wings, and when the time is right, it will emerge as a shining light to lift people up and bring financial sovereignty and hope in this gloomy and uncertain world. Read More
Chainalysis to Add Support for Lightning Network Bitcoin Payments
The Know Your Transaction compliance software will allow financial institutions that process Bitcoin payments to meet global anti-money laundering best practices.
Blockchain data platform Chainalysis will add support for the Lightning Network, a layer two protocol on the Bitcoin blockchain, in February 2022.
The integration will make the Chainalysis Know Your Transaction compliance software available to companies that process Bitcoin payments through Lightning nodes. It also means that virtual asset service providers (VASPs), like exchanges, will be able to handle Bitcoin transactions in a way that’s compliant with global standards.
"There will be no change in the user experience of the Lightning Network," said a Chainalysis spokesperson. Read More
Secretum Is Powering the Future of Crypto Trading on Solana Blockchain
The soon-to-launch solution is about to come to the market is Secretum. In detail, Secretum is the world’s first and only fully decentralized, encrypted, and secure trading DApp built on the Solana Blockchain. Secretum comes with an innovation that enables the trading of all crypto assets including fungible and NFTs directly between users, through a hybrid messaging + trading function. The defining features of Secretum are a game-changer for crypto trading.
Secretum has the following features:
A secure and anonymous sign-up process, which only needs the user’s crypto wallet address – no emails, names, or other personal data.
An easy, intuitive, and purely P2P trading interface to send and receive cryptocurrencies and NFTs.
A unique search function to locate the owners of specific NFT assets, enabling two parties to connect to each other solely via wallet address and trading. Read More
Exploring blockchain technology and its potential applications for education
Blockchain technology may have the potential to scale up accountability and transparency in the field of education, resulting in a satisfactory educational experience for teachers and students — a win-win for all.
As every aspect of education is increasingly becoming digitalized, the need for more secure and fool-proof systems that can keep track of the students’ academic activities is also becoming indispensable.
Interestingly, “blockchain technology” promises to be a viable option to tackle this problem. Read More
Why The Luxury Tourism Industry Is Latching Onto Blockchain Technology
Blockchain technology will be instrumental in converting popular and niche travel destinations. The is the reason that many luxury tourism players are jumping onto the crypto bandwagon.
With the number of global crypto-millionaires increasing to more than 100,000 in 2021, there is a sizeable interest displayed by this ever-growing community in using their crypto gains to indulge in new experiences.
The travel and tourism industry stands to benefit the most from this growing class of investors who want to fulfill their traveling desires with highly personalized services enabled through the use of popular cryptocurrencies as legal tender.
Moreover, with millennials representing more than 50 percent of the global luxury market potential and 58 percent of the crypto investor community by volume, brands, and services involved in the global luxury tourism market are increasingly adopting crypto today. Read More
How Blockchain technology is transforming the financial services sector
Every day, people around the world transfer billions of dollars. These transactions are heavily reliant on paper although most people send money digitally. In financial environments, bankers still keep financial ledgers. But, what if there was a database that had the qualities of a ledger that can instantly log transactions and monitor and register changes in real-time? What if this system doesn’t require time-consuming third-party verification? That is exactly what Blockchain technology offers and the technology is creeping into the financial sector.
Blockchain offers banks a decentralized ledger. All the transactions of a financial institution are stored in multiple controlled-access computers creating a trail that no one can edit or delete. When a financial institution adopts Blockchain, the technology takes over most of the company’s workflows including record keeping, equity management, debts management, and cybersecurity. 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.
