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Polkadot Partners With Frank McCourt’s Project Liberty to Democratize Social Media Data
Polkadot and Project Liberty have joined forces to decentralize social networking, give power to users, and enhance privacy.
Leading interoperability blockchain network Polkadot has partnered with Frank McCourt’s Project Liberty on the first implementation of the latter’s Decentralized Social Networking Protocol (DSNP).
According to a press release shared with CryptoPotato, the new collaboration will see Project Liberty leverage Polkadot’s technology to boost the adoption of its DSNP.
Project Liberty is an initiative designed to build a more equitable and user-friendly technology infrastructure for the internet, dubbed the DSNP. The project is leveraging the power of blockchain technology to democratize social media data, allowing users to determine how their data is utilized.
This latest partnership with Polkadot is geared toward developing the protocol to become a core social layer of the next generation of the internet. It is focused on making high-performance, low-cost decentralized social networking accessible to billions of internet users. Read More
Swiss Crypto Firm Launches Venture Fund, Supporting African Early-Stage Blockchain Startups
Crypto Valley Venture Capital (CV VC), a Switzerland-headquartered private venture capital company, announced on Monday that it has launched African Blockchain Early-Stage Fund that targets blockchain startups from across the continent.
The venture capital firm also published its initial African Blockchain Report, paring with Standard Bank for the partnership which shows how Africa’s use of blockchain technology has become a norm.
The report highlighted how Africa has self-accelerated blockchain as a transformative force for society and the economy and how pioneers continue reinforcing the need for more unified action on regulation and infrastructure.
As per the report, blockchain funding in the continent far outpaced all other sectors eleven times. The development is evidence indicating that African countries and stakeholder capitalists are starting to step in and embrace the continent’s self-determining participation in the fourth industrial revolution.
While African countries are amongst the fastest crypto adopters worldwide, the CV VC report moves past cryptocurrency. It examines the underlying revolutionary blockchain movement, set to enable Africa to transact and interact for the well-being of its economies and citizens. Read More
Brave Adds Solana Support and Ramp Wallet Functionality in Latest Browser Update
Brave is making crypto easier to buy through its wallet feature.
The Brave privacy web browser is continuing its push into Web3.
The 1.39 desktop release now includes support for the Solana blockchain and its SOL and SPL tokens, the company announced today after first sharing its Solana plans back in November. (SPL tokens are similar to Ethereum’s ERC-20 tokens.)
In the new browser version, the Brave Wallet can be used to buy, sell, and hold SOL and SPL tokens through the non-custodial payment platform Ramp. Ramp allows users to buy crypto directly from their Brave Wallet instead of having to purchase crypto on an exchange like Coinbase or Binance and then transfer it to a wallet.
“With the Ramp integration, Brave users will be able to spend more time doing what they love and less time on what was a painful process of converting their fiat currencies to crypto,” Ramp’s head of marketing, Greg McEwan, said in the announcement. Read More
Boss Cat Rocket Club Builds First All-Inclusive Metaverse on Cardano
NFT PFP collection Boss Cat Rocket Club (BCRC) is inviting other crypto-powered projects into its play-to-earn metaverse.
Boss Cat Rocket Club, a collection of algorithmically generated, space-bound kitties, launched last year, is one of the most successful non-fungible token (NFT) projects on the Cardano blockchain. Now, BCRC is building out Boss Planet, its own metaverse with a difference.
Founded by Blue Magic, a member of the popular Bored Ape Yacht Club (BAYC) community (and the proud owner of Ape #4064), Boss Planet is pursuing an inclusive metaverse, in which other Cardano projects can collaborate and hang out.
Blue Magic and fellow BCRC team member Catnip told Decrypt how the Boss Planet metaverse is coming together with an impressive roster of partnerships and influencers—setting BCRC apart from the rest, and presenting a roster of rewards for the entire Cardano community. Read More
Markethive Leading The Way In Web 3 Social & Market Media
Web 3.0 is the next generation of the internet which people envision will be more decentralized and permissionless. One that's built on decentralized protocols, where users help with content creation and the governance of the web itself. They also have the ability to own a part of the network, so you can think of it as a Read-Write-Own Internet.
There are already several technologies that could serve as the backbone for a Web 3 world. Most point to blockchains like Elrond, Cardano, or Ethereum, for example, but other distributed technologies like IPFS can also be used to decentralize networks.
Thousands of dApps (decentralized applications) are already being built in the Web 3 environment. These often include native tokens to add value to the application to those who hold the tokens. These native crypto assets allow those who participate in the network to share in the value generated from it.
Web 3 promises a decentralized alternative where we are all users, owners, and developers. This quote from Fabric Ventures sums it up beautifully,
“Web 3.0 enables a future where distributed users and machines are able to interact with data, value, and other counterparties via a substrate of peer-to-peer networks without the need for third parties—the result: a composable human-centric & privacy-preserving computing fabric for the next wave of the web.” Read More
Relictum VS Solana: Comparing Blockchains
Blockchain is a continuous chain of blocks with different data, where amending the last block will not be a problem. However, no previous blocks can be amended, because the hash of the previous block is recorded into each next one.
Introduced in 2008, Bitcoin was the first to use blockchain technology. Various platforms have been developed so far to reduce the time of the transaction to hundredths of a second, cut transaction costs, etc.
Let’s consider two blockchains similar in operation, but with some differences: Relictum Pro and Solana. Read More
DAO community fosters long term growth with reward proposal for sharing bridge fees
As a rule of thumb, one of the best ways to guarantee a crypto project is a worthwhile investment is by having a share in its growth.
With the rise of decentralized finance (DeFi), investing in cryptocurrencies has become more than purchasing the most well-known tokens. Now, many of today's most profitable and worthwhile opportunities can be found by staking funds in a project, many of which offer an attractive APY and a lucrative passive income opportunity.
The kicker is that despite projects offering what look like attractive returns, there is never a guarantee that these rewards will continue, at least at a rate marketed at the early stages of the project's release. For this reason, many agree that the best way to determine a secure investment avenue is to select one that gives you a chance to directly influence the outcome, as is often true in a decentralized autonomous organization (DAO). In addition to participating in non-human-controlled governance, investors become entitled to a share of the profits from selling project tokens.
Multichain, a platform now recognized as a leader in the cross-chain field, has recently released a staking opportunity that enables users to mint veMULTI NFT and makes their voice heard in their community. The platform, which now includes a family of 48 chains and over 2200 bridges, regularly maintains a daily volume of more than $100 million, a value they strive to increase with MULTI staking and rewards implemented by the veMULTI contract. The team also shares that veMulti is deployed on Ethereum (ETH), Fantom (FTM), and Binance (BNB) chains. Read More
Crypto 'Has to Become Invisible' to Reach Mainstream: Mastercard Exec
Crypto needs to become an “invisible” part of the financial system to enable mass adoption, a Mastercard executive recently explained.
Speaking during an online event hosted by smart contracts platform Avalanche, Mastercard’s VP for new product development and innovation Harold Bossé said the integration of cryptocurrencies into existing systems would be key to helping them go mainstream.
"[Crypto] has to become invisible,” he said. “I keep saying that and I sound like a broken record, but it has to disappear in the background for a user who doesn't care — honestly, my mom doesn’t care if it’s [centralized finance] or DeFi.”
The executive said he expected growth in places where businesses can embed DeFi products into their existing offering.
Bossé also identified a lack of crypto knowledge at senior management levels, the cost and speed of blockchain, and regulatory issues as barriers to corporations adopting DeFi technologies. Read More
Attorney Jeremy Hogan Says Ripple Lawsuit Reaching ‘Endgame’ – Here’s Why
Crypto legal expert Jeremy Hogan thinks the Ripple versus U.S. Securities and Exchange Commission (SEC) case is finally entering its “endgame.”
Hogan is responding to news that attorney and XRP supporter John Deaton recently filed a letter requesting to represent 67,000 XRP holders. 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.
