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NFTs as micro-social networks: The path to crypto adoption
Nonfungible tokens could be a step toward new social interactions, a notion that might not be as far-fetched as it sounds.
Nonfungible tokens (NFTs) are evolving from a niche interest to a mainstream conversation. The variety of NFT art — from cuddly to edgy to menacing — is drawing in a new audience of enthusiasts. Beyond the art, NFTs are providing a glimpse into a new layer of social interaction.
When framed as micro-social networks, NFTs could lead the way to a new form of social media based on creativity, ownership, and contribution.
Every week, dozens of Discord and Telegram groups appear in support of new NFT projects. These groups serve as the epicenter for a project and help people connect and learn about the NFT space. A quick listen to a Twitter Spaces conversation with one of these groups reveals a wide range of people interested in NFTs. Some members are seasoned crypto users, many are new to NFTs and some have never used crypto at all. For first-time crypto users, these groups create a friendlier onboarding experience that reduces anxiety around getting started with crypto. Read More
The Next Generation of Play-to-Earn Games Will Be Fully Decentralized
Play-to-earn gaming is on fire, but users need to have full control over their in-game assets, says CryptoBattles cofounder Vitaliy Misan.
Play-to-earn is a rapidly emerging niche in the gaming landscape, but it has far wider implications beyond video games.
According to a recent World Economic Forum (WEF) report, this new genre could “change how people interact with and perceive traditional socioeconomic structures like financial institutions, marketplaces, and governments,” constituting a “proof of concept for a self-sovereign financial system,” and more besides.
That’s already close to the reality in some Southeast Asian countries, where play-to-earn games and cryptocurrency are fast colliding, enabling savvy gamers to make around $3,000 a year in tradable tokens or valuables—more than the average per capita income.
But, all too often, these hard-won assets are owned or controlled by the host platform, according to Vitaliy Misan, cofounder of CryptoBattles, a blockchain-based game that’s leading a new generation of titles striving for full decentralization. He’s convinced that unlocking this last obstacle could skew current game-industry business models to gamers’ advantage. Read More
Adidas Goes Full Metaverse With Coinbase Partnership and The Sandbox Real Estate
Adidas announced a partnership with Coinbase the day after The Sandbox announced a partnership with Adidas.
Adidas has partnered with Coinbase and The Sandbox.
A Coinbase spokesperson said the Coinbase deal is part of Adidas’s metaverse push.
Adidas currently has a parcel of land allocated to it in The Sandbox.
Sportswear giant Adidas set crypto Twitter ablaze on Wednesday evening with an announcement: “We’ve partnered with Coinbase”, before disingenuously concluding the tweet with a crypto meme reference; it’s “probably nothing”.
No-coiners take note: institutional adoption of crypto is growing. Sure, Tesla owners may be a niche crowd, and who outside of Dallas supports the Mavericks? But everyone and their auntie owns a piece of Adidas, so a partnership with Coinbase clearly is probably something, given the other major bit of news this week that Adidas is also building a presence in the metaverse. Read More
Can Your DApp Be Protected From Identity Theft? Here’s What You Need To Know
With the crypto ecosystem still in its early stages of development, malicious attackers have found an edge in identity theft. In most cases, the attackers spread malware to deceive DApp users and compromise their identities. They are distributed through the internet, including phishing emails that prompt users to click on malicious links.
In the past, malicious attackers have hard-forked legit networks, directing users to their dummy protocols to steal addresses and passwords. This form of malicious attack is what has since been coined as identity theft.
Notably, some advanced malware, such as Glupteba, leverage the Bitcoin blockchain for updates. This particular malware spreads through scripts, allowing the attackers to access confidential information, including user-id, passwords, saved cookies, and browsing history. Read More
Wallet in final draft mode
Staking the Markethive Way
Staying One Step Ahead
Markethive started out as a sophisticated inbound marketing platform with a social media interface harvesting a robust collaborative culture. The entrepreneurs of the Markethive community have been using the free system and tools, promoting their businesses, and branding themselves across the internet with much success.
With the advent of Blockchain technologies, Markethive set its path on an unprecedented journey of combining marketing, social media, digital broadcasting, e-commerce, gamification, etc., with cryptocurrency and decentralized Blockchain, distributed ledger technology. An ongoing project of massive proportion to deliver sovereignty, financial and self, and freedom of self-expression for all equitably, without bias.
Markethive is a Vision from the Divine Source. Its mission is to fill the vacuum for the world's entrepreneurs - To empower and enrich the lives of every individual on every level across the globe. And the timing couldn’t be more perfect as we witness the soul-less destruction, tyranny, and surveillance of humanity gift wrapped and delivered to us as protection and for our own good.
We are building an ecosystem, and there’s an absolute need and use for our coin (HVC) for everything we do; therefore, the potential for the open market to accept and embrace HiveCoin is very promising. Read More
Blockchain-based booking platform allows everyone to experience travel
Blockchain technology is primed to disrupt the travel industry by providing new opportunities to lower costs and increase earnings for travelers.
BitBook was founded by a knowledgeable team of technical experts, including two of the executives from KuCoin. Upon looking at the current travel industry, they noticed that blockchain technology could present a very real opportunity to compete in a market dominated by two major players, the Expedia group and Booking holdings, who currently account for over 90% of the market share.
Unfortunately, this has left hotels forced to pay large commissions on bookings (sometimes up to 30%, and 3-5% for payment processing), with the added costs being driven up for the end-consumer, which also makes it almost impossible for startups to compete with the industry giants.
The industry and their travelers may have had no choice before, but BitBook has recognized this as a clear gap in the market that they could address. Read More
Tech transformation: Don Tapscott’s ‘Platform Revolution’ book review
In his latest book, ‘Platform Revolution,’ Don Tapscott explains how blockchain technology has converged with AI, machine learning, and IoT.
Enterprise blockchain started to take shape in 2016, a time when companies like IBM began to leverage private networks for supply chain management. It was also during 2016 that authors Don Tapscott and Alex Tapscott wrote and published Blockchain Revolution, a book that examines the way that blockchain will transform a number of industries.
Following the release of Blockchain Revolution, Don Tapscott — who is also co-founder of the Blockchain Research Institute — published Supply Chain Revolution in August 2020. Given the timing of the book’s publication, Supply Chain Revolution detailed the way the COVID-19 pandemic exposed glitches throughout supply chains across the world, further explaining how blockchain could be used to solve these challenges. Read More
Superalgos Launches a Decentralized and Open Trading Intelligence Network
Superalgos, a trading intelligence network, launched its free platform for designing, testing, and deploying crypto trading bots.
According to the team, the launch comes after 4 years of development with many downloads during the open beta phase as the community builds up liquidity pools for its native Superalgos token — $SA on PancakeSwap.
As an open-source community-owned entity, Superalgos platform offers the tools to produce advanced trading intelligence. As per the team, the platform features a visual strategy designer and debugger, multi-exchange, integrated data-mining, and charting system, multi-machine execution, AI model optimization, TradingView integration, and much more. Read More
Thailand's Tourism Authority Outlines Plans To Make Thailand A Crypto-Friendly Destination
The Tourism Authority of Thailand (TAT) has outlined its plans to make Thailand a crypto-friendly destination, which includes the creation of its own cryptocurrency token “TAT Coin”.
Thai cryptocurrency exchange Bitkub has urged the government to promote “cryptotourism” as a way add to the nation’s GDP. The Thai crypto exchange recently announced they would be launching their own Mastercard payment card, as part of a round of partnerships with Asia-Pacific cryptocurrency companies.
Jirayut Srupsrisopa, founder and CEO of the cryptocurrency exchange Bitkub was quoted by the Bangkok Post on how a cryptocurrency industry could help Thailand’s ailing tourism industry:
“Private sectors are ready to provide digital infrastructure, but we’re just waiting for the government to press the button by enacting laws, regulations or even policies to help facilitate digital asset markets. Our national GDP could grow six times if we can strengthen this market,” 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.
