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Automated order books eliminate DeFi costs and match CEX capability
DeFi may eliminate the middleman, but this was often at the expense of costly transactions and reduced functionality.
The decentralized finance (DeFi) industry continues to reach unprecedented highs, with daily volume of transactions increasing on a regular basis. Unfortunately, in spite of the billions of funds currently being crossed back and forth, decentralized exchanges (DEXs) are filled with apparent and invisible costs that are a hindrance to market activity.
Consequently, the future of DeFi requires eliminating the high transaction costs and limited functionality often associated with traditional DEXs. Among them is slippage, the price difference between a cryptocurrency’s quote price and the trader’s actual paid price. This is in addition to limited liquidity, expensive gas costs, lack of control over execution price, and the risk of front-running, which is done by malicious traders placing a transaction ahead of a trader based on insider knowledge of their future trade. Solving these concerns means DeFi could achieve parity to centralized exchanges (CEX), while removing the need for middlemen. Read More
Helium raises £147m for its blockchain-based telecoms network
Helium, a decentralized telecommunications network, has raised $200 million (£147m) in a Series D funding round at a $1.2 billion (£881m) valuation, according to Axios.
The Helium network is a globally distributed network of hotspots that provide public, long-range wireless coverage for Internet of Things (IoT) devices. Running a hotspot rewards the owner with HNT, the native cryptocurrency of the Helium blockchain.
Major venture capital firms such as Tiger Global and FTX Ventures were among the new investors, with existing backers including GV, Khosla Ventures, Multicoin Capital, and more.
The start-up had previously raised around $110 million (£81m) in total, as well as a $111 million (£81.5m) token sale led by Andreessen Horowitz (a16z) last summer.
Helium currently consists of more than half a million hotspots that provide bandwidth for, and collect data from, nearby IoT devices. The more a hotspot is used, the more HNT an owner earns. Read More
Asgard launches DAO to shape the future of blockchain gaming
Asgard’s metaverse is based on Norse mythology and breathes life into old characters
Its tokenomics are based on sell, buy and unstake tax
Half of the sell and buy tax is redistributed to the liquidity pool; other half goes to the Treasury
Asgard, the first revolutionary DAO building ecosystem on Binance Smart Chain focused on the metaverse and NFTs, has launched a DAO to bring the metaverse, DeFi, and NFTs together, Bankless Times learned from a press release.
Asgard is a manifestation of DeFi 2.0’s revolutionary potential to resolve pressing issues. It is a platform with a $1 minimum value that allows investors to diversify their portfolios and assets.
Kiran Dommeti, Asgard CEO, founder, and the first Indian to launch a DAO said:
It is an undeniable fact that the Metaverse is going to lead the next wave of crypto and DeFi adoption in the world as gamification elements and play to earn concepts are thriving in the blockchain space. Asgard Dao will be the first Metaverse solution providing all functionalities which will help us in capturing the rapidly growing space of the Metaverse. Read More
How Layer-1 Privacy Blockchain Oasis Emerged as a Value Magnet for DeFi
Oasis combines privacy with scalability—a recipe set to wake up decentralized finance.
Oasis, a blockchain-focused on privacy, is a relative newcomer compared to other layer-1 blockchains (a class that includes Ethereum, Solana, and Avalanche), but it’s been attracting a lot of value on its network straight out of the gate.
Last January, in the days immediately following the network’s DeFi ecosystem launch, the total value of funds locked into the network (TVL) grew at a faster initial rate than any other layer-1 blockchain, according to Oasis analysis of DeFi Lama data, attracting $100 million in less than 12 hours.
As the leading privacy-enabled layer-1, Oasis has wowed investment funds and developers alike with its growth strategy and potential to become one of the most scalable solutions on the market—one that’s suitable for DeFi applications such as reputation-based, under-collateralized lending.
According to a Messari 2021 Q3 report, it's attracted the third-most investment of any blockchain. According to Oasis, it also has one of the fastest-growing developer networks in the industry and has plenty of room to scale further. Here’s how. Read More
Markethive Leading The Way In Web 3 Social & Market Media
Markethive, the blockchain-driven ecosystem for entrepreneurs, has already successfully bypassed the centralized web services, like AWS and Microsoft, and operates on its own cloud system. The new login system Markethive has developed relinquished the need for 3rd party APIs that are potential vulnerabilities in Web 2 and threaten our freedoms.
Currently, Markethive is expanding its cloud system, called Mining Hives, worldwide. This means all data about Markethive and its users will not be stored on servers owned and controlled by a centralized entity.
Instead, it is a distributed database on the Markethive Blockchain with no single point of failure and no internet disruption or censoring by dictatorial authorities who may decide to shut off the internet.
Web 3 gives us a better chance at building a more inclusive internet that respects all who use it. Decentralized networks can win the third era of the internet for the same reason they won the first era: by winning the hearts and minds of entrepreneurs and developers.
Web 3 is an opportunity to distribute the wealth amongst the rest of us generally paid only to shareholders. Markethive stands tall and is dedicated to delivering the emerging environment of Web 3 to its community; one of self and financial sovereignty. Read More
Record label CEO explains how music NFTs are set to revolutionize the industry
NFTs must evolve beyond PFPs and the Metaverse to stay relevant in 2022, and Monstercat CEO Mike Darlington explains that music may be next.
Music-based nonfungible tokens are an emerging frontier in the crypto and NFT space, but the first questions that come to mind are: What are they? And what are their utility?
Music NFTs are relatively new to the scene and cannot be pinned down by one definition. At the most basic level, however, they are verifiable digital collectibles, with a core component being the integration of a song.
One of the first collections was “Audioglyphs,” which cemented itself as revolutionizing the way users consume music, synthesizing an infinite stream of audio for each NFT. Creators and investors began to discover the novelty of music NFTs, as they lessened the barriers of access to artists and consumers. Read More
Coinbase Adds Support for Ledger Hardware Wallets
America’s leading crypto exchange is now enhancing its security through an integration with Ledger hardware wallets.
Coinbase, the largest crypto exchange in the U.S. in terms of trading volume, today announced that it would support Ledger, a popular crypto hardware wallet.
The Ledger wallet integration is now available through the Coinbase wallet browser extension, providing users with an additional layer of security.
The move comes at the time when adoption for non-fungible tokens (NFTs), decentralized finance (DeFi), and the broader crypto industry is gaining serious momentum.
"There's no future in Web3 without security at the start of the consumer journey," Charles Hamel, the vice president of product at Ledger, told Decrypt. "With billions of transactions happening every month, no matter what or why you trade and hold, we believe every user deserves world-leading security and ease-of-use. Coinbase and Ledger partnering enhances this for crypto and NFT communities." Read More
Binance Partners With SM Brand Marketing to Launch Global Play-to-Create NFT Ecosystem
Binance and SMBM shook hands to build an eco-fund and set up a Play-to-Create (P2C) NFT ecosystem.
The world’s largest digital asset platform – Binance – teamed up with SM Entertainment’s subsidiary company SM Brand Marketing. The two parties will establish a global Play-to-Create (P2C) NFT ecosystem and set up a mutual eco-fund.
Throughout the collaboration, the partners will join forces in the NFT sector and establish a joint eco-fund. They will also build a global Play-to-Create ecosystem, which will allow users to reproduce content using IP. As a result, individuals will be able to recreate products in the forms of music, dance, games, and goods.
The P2C model is considered a step forward from the existing Play-to-Earn (P2E) mechanism. Within the former’s ecosystem, items can be converted into non-fungible tokens, enabling customers to earn profits while proving ownership over the assets. Read More
Cryptopedia: What is the Metaverse and how will it alter the internet?
This short explainer gives viewers an overview of how blockchain technology powers the Metaverse and its economic potential.
Cointelegraph's Jackson DuMont, the director of the video, tackles the topic of the "next big thing:" the Metaverse. He explains the who, what, and why behind the Metaverse and deep dives into how its blockchain technology has the potential to alter the online lives of internet users. 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.
