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Twitter Forms Dedicated Crypto Team to Focus on Blockchain, Web 3.0 Development
Twitter's Jack Dorsey has previously endorsed the adoption of cryptocurrency, blockchain, and other decentralized technologies. The company is now assembling a dedicated team to look into development in the crypto space led by seasoned blockchain engineer Tess Rinearson. Twitter Crypto, according to Rinearson, will serve as a "centre of excellence for all things blockchain and Web3" at the social media network. Rinearson will be reporting to Twitter's Chief Technology Officer, Parag Agarwal, and brings a lot of experience of working in the space.
Rinearson took to Twitter to reveal plans for what the crypto team she now leads will focus on in the short term. The first focus area for the team will be to grow decentralized apps (dApps) for creators to manage virtual goods, currencies, and ways for their fans to support their community. Rinearson hinted that her team will then try and look to crypto tech to augment identity, community, and ownership on Twitter. Read More
Blockchain Gaming Explodes In Vietnam
Multiple Vietnamese companies are eyeing the fast-growing blockchain gaming market and making their move by developing the next big blockchain game.
The Axie Infinity marketplace, which was launched by Vietnamese company Sky Mavis, has served a million unique crypto wallets since its launch in March 2018. The monster-combat game is also this year’s most valuable NFT game worldwide. According to one of the founders of Axie Infinity, Nguyen Thanh Trung, blockchain gaming has evolved beyond just testing the boundaries to actually developing good products. Axie Infinity has catalyzed the beginning of a blockchain gaming upsurge, with multiple other Vietnamese companies deciding to join the race. With 57% of the country’s 68 million smartphone users spending a daily average of 3.9 hours playing games, Vietnam currently holds the second position in mobile game downloads in Southeast Asia. Read More
Platform aims to revolutionize the ticketing market with blockchain and NFTs
With NFTs and blockchain technology, artists are empowered to monetize the secondary market and eliminate ticket fraud.
The music industry is dominated by scalpers who are looking for arbitrage opportunities to resell tickets. Although the phenomenon is not new, it has only become more apparent with the impact of the pandemic, making the market even more centralized than it had been previously. The sad reality is, now artists’ insiders, automated bots, partnerships with second-hand ticket retailers, and those looking to make ticket resales their business have used these actions for their own personal gain. Unfortunately, many still do not recognize the impact this has on their favorite artists. Read More
MyEtherWallet allows users to mint Ethereum blocks as NFTs
CEO Kosala Hemachandra discussed MyEtherWallet’s first NFT drop and its dedication to “making history.”
MyEtherWallet, or MEW, launched its first nonfungible token (NFT) collection called ETH Blocks on Thursday, which tokenizes individual blocks on the Ethereum blockchain. Unique images associated with ETH Blocks are generated based on the block’s data. These NFTs are available exclusively to MEW users via the MyEtherWallet website.
A number of blocks have already been claimed, according to the company. Ethereum’s founders called first dibs on blocks one through 10. There are also 13 ETH Blocks representing the history of Ethereum — such as major milestones, forks, and updates to the blockchain — that have been put up for a month-long auction, the proceeds of which will be donated to organizations such as The Skid Row Housing Trust, Wikipedia, Girls Who Code and NPR, among others. Read More
The First In The Social Media Marketing Niche
Markethive is building an epic entrepreneurial ecosystem, never seen before and transcendent to other social media and marketing platforms. The transformation is enhanced with our release of the first of many initiatives being the Wheel Of Fortune and the launch of The Boost to follow soon after.
With Markethive now running on its own servers, with the security of Blockchain and its Hivecoin about to be released as a native fungible multi-asset token on Cardano, we have arrived as the first mega decentralized social platform marketing network with the mission is to deliver a decentralized and autonomous environment to the masses, that is not subject to the oppressive technocracy.
Inspired by Binance’s rise in becoming more than a crypto exchange, Markethive goes far beyond by creating a robust ecosystem in the social media and marketing niches. It will deliver very unique aspects to the Markethive exchange by creating niches and exclusivities that no other platform or system has. Read More
The decentralized future of the internet starts with a Web 3.0 ecosystem supportive of innovation
The internet is on the path to being ruled by corporations, that is unless blockchain technology can be used to support the decentralized future.
Decentralization becomes essential as internet infrastructure becomes consolidated in the hands of a few large corporations. The onus is then placed on corporations to become good stewards of the internet, which perhaps few of them are. Unfortunately, while many users have become skeptical about how their data is being used, there is little available as an alternative to the centralized solutions available today.
To accelerate the concept of a decentralized internet and give users a legitimate alternative to the setup that exists today, businesses need an infrastructure standard that makes it easy for them to provide their offerings. Similar to how Amazon Web Services (AWS) provides businesses with the back end to create sophisticated applications for users, a solution needs to be in place to help organizations of every industry run their own blockchain use cases. By making the previously expensive and time-consuming back end available, more decentralized applications can be made available to users, empowering them to leave behind the centralized internet that is primarily used today. Read More
DeFi’s quest to reimagine finance must come from a community-based design
A more inclusive DeFi lending protocol can empower the unbanked and underbanked in ways traditional finance cannot.
Crypto has seen a rise in novel uses of liquidity mining and rewards through protocols like Uniswap, Aave, and Compound. More recently, a new crop of DeFi 2.0 protocols such as OlympusDAO, Alchemix, and Abracadabra are exploring new ways of operating without giving up token rewards.
For all the innovations happening with decentralized systems in crypto, they are still failing to open new pathways for economic prosperity for the most marginalized. In its current form, DeFi remains open only to people who already have access to the financial system and live in countries with strong financial markets. This is evident by the fact that the growth of DeFi has been particularly driven by crypto degens.
As DeFi 2.0 continues to grow, it needs to break free from the historical underpinnings of a financial system predicated upon exploitation and oppression. One immediate way is to reassess lending protocols that require over-collateralization and explore more community-based models for finance that empower everyday people. Read More
Why Aave v3's New Portal Feature Could Be a Game-Changer
The next generation of the Aave protocol could change the game. Here's why.
There were many notable changes, including a new fixed-yield mechanism called “D3M” as well as adding staked Ethereum (stETH) as collateral to the protocol. The project’s native stablecoin, DAI, is also officially decentralized now that Ethereum is the number one asset backing the coin.
Relative to the rest of DeFi, Maker has been around a long-time. It’s faced various ups and downs, governance scandals, and its primary service as crypto’s de-facto decentralized central bank was put to the test during Black Thursday last year. But it has survived.
And since that fateful day in March 2020, DAI has absolutely boomed. The stablecoin’s market cap rose from just under $100 million on March 12, the day of the crash, to more than $8.5 billion today. With key updates like those outlined last week, expect this figure to continue rising. Read More
Digital rights management in the open seas of blockchain systems
Defining the digital rights issues in blockchain systems that support the new wave of Web 3.0 is reflective of the digital peer-to-peer culture.
To understand the complexity of digital rights management, or DRM, one must first understand the DRM challenges of current systems and then the challenges (and opportunities) presented by blockchain technology that prides itself on transparency, data linkage, and immutability as some of the main characteristics that lends itself to the trust systems.
With Web 2.0, content creation and dissemination are via a platform that acts as an intermediary and, like any intermediary, has developed business models that monetize the avenues of content distribution, resulting data and metadata. Digital content (movies, images, music, etc.) can be replicated easily, and the platforms create economic moats and control mechanisms to access content with the complicated n-tier design of passwords, authentication, authorization, and usage metering. 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.
