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As Patreon tests the waters, can crypto open doors for content creators?
Since Twitter implemented its crypto tipping feature, it appears as though more content creator platforms may start to do the same in the near future.
As the digital asset market continues to break new ground, seemingly with each passing day, there is no denying the fact that crypto adoption has continued to increase at a fairly rapid pace globally. In this regard, it now appears as though online content creator platform Patreon is actively looking to devise its very own social token — or “creator coin” as it likes to call it — as a way of diving into the world of cryptocurrencies.
Patreon executives recently teased the idea at the 2021 Creator Economy Summit with CEO Jack Conte making an appearance alongside chief product officer Julian Gutman. During the event, the two interacted with the audience at length and when asked about their decision to venture into the digital asset space, Conte replied by saying:
“I really love the idea of creators owning their media and owning their content. [...] I love the idea of shifting power away from institutions and toward individual creative people.” Read More
Reddit co-founder sets up $100m investment initiative with Solana
Reddit co-founder Alexis Ohanian’s venture firm has teamed up with the Solana blockchain’s venture arm for a $100 million (£74m) investment initiative into decentralized social projects.
Seven Seven Six, Ohanian’s firm, will pay for half of the initiative with Solana coughing up the remaining $50 million.
Ohanian gave his thoughts on Solana at a conference in Lisbon on November 9: “With a high-performance blockchain like Solana, there is an unprecedented opportunity to fuse social and crypto in a way that feels like a Web2 social product but with the added incentive of empowering users with real ownership.
“We are at a pivotal inflection point in these early days of Web3.” Read More
KILT Becomes a Fully Decentralized Blockchain Network
An open-source blockchain protocol for issuing self-sovereign, anonymous and verifiable credentials, KILT became a fully decentralized blockchain network on November 11.
In a press release, the KILT team announced that it has reached the final step of decentralization. According to BOTLabs GmbH, the firm behind KILT Protocol, the Sudo Key was removed, and governance of the KILT ecosystem was handed over to the hands of its community. In short, the company has given decision-making to the community.
What is more, KILT will run through a system of governance in which KILT Coin holders take control and can suggest things to the network on which the community will have to vote. Read More
Binance Publishes Bill of Rights for Crypto Users
Binance published a list of what it says should be basic rights for crypto users. It comes at a time when the company is trying to remake its image.
Binance, the world's largest crypto company, issued Tuesday what it calls "10 Fundamental Rights for Crypto Users." The manifesto-like document calls for universal access to financial tools, strict protections for personal data, and other measures.
Touting the document as a global regulatory framework for crypto markets, Binance also created provisions directed at exchanges. Those include obligations for platforms to protect users from bad actors and ensure enough liquidity for frictionless trading: 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
Long-Awaited Bitcoin Upgrade Taproot Goes Live As BTC Consolidates
Bitcoin has undergone a long-awaited upgrade that seeks to enhance its privacy and scripting capabilities.
Taproot, the first major change to Bitcoin since SegWit (Segregated Witness) in 2017, was first proposed in 2018. The upgrade was locked in back in June and has now been activated at block 709,632.
Taproot enables MAST, which helps make smart contracts more efficient and private by only revealing their relevant parts during spending. It also aims to improve the privacy of the Lightning Network by making channels look like usual Bitcoin transactions. Read More
Sablier’s Expansion On Polygon And Binance Smart Chain To Offer Greater Efficiency And Lower Fees
Sablier, the real-time finance protocol on Ethereum, made a significant announcement today, detailing the launch of its infrastructure on Binance Smart Chain and Polygon. The launch will enable reduced usage fees, coupled with upgraded efficiency.
A Larger User Base Can Now Leverage Sablier - Sablier’s launch and presence on multiple chains make it possible for a significantly larger user base to use the protocol for payments, subscriptions, and streaming payroll. Sablier’s launch on Polygon will result in the reduction of gas fees by 676,750% for users, while the Binance Smart Chain deployment will reduce gas fees by over 12,000%. Read More
Twitter Crypto formed to explore decentralization on Dorsey’s platform
Twitter Crypto is the name of the social networking giant’s new dedicated team being formed to work with crypto, decentralized apps (Dapps), NFTs, and other ledger technologies.
The latest push by CEO Jack Dorsey to bring digital assets into the mainstream, Twitter has hired Tess Rinearson to lead the team. An experienced software and crypto engineer, Rinearson has worked for Tendermint, Chain.com, and the Interchain Foundation.
The team appears to be Dorsey’s next step in realizing his vision for Bitcoin becoming the currency of the internet.
In driving crypto adoption, Twitter recently implemented the ability to send and receive Bitcoin to tip users for their content through Strike, a payments application built on the Bitcoin Lightning Network. The company is also working on a collectibles tab where users can show off their NFTs and even use verified artwork as their display pictures. Read More
ThunderCore Offers Greener Future For Blockchain Projects
At a time when decentralized applications are being adopted all over the world and scrutinized for their carbon footprint and energy usage, ThunderCore is building eco-friendly foundations for projects that utilize blockchain technology.
ThunderCore is an environmentally conscious blockchain that implements a proof-of-stake consensus mechanism, PaLa, that solves the “scalability trilemma” defined by the Ethereum team, simultaneously satisfying three important goals, namely decentralization, scale, and security.
It also supports the chain’s full ecosystem with cheap renewable energy, reducing carbon dioxide emissions from on-chain transactions by more than 10,000x. That means block creation on ThunderCore does not demand large amounts of energy compared to Bitcoin or Ethereum blockchains. 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.
