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The Polkadot Brand Is Evolving, Community Decides Its Future
The Polkadot network is launching its first major decentralized branding initiative supported by the platform’s treasury. This trailblazing project shows just how capable Polkadot’s governance is in decentralizing social coordination in order to run complex initiatives.
In another act of decentral authority, the community chose four bounty curators to spearhead the project. Specifically, this includes the Co-Founder of Acala — Bette Chan, and Head of Marketing at PureStake — Katie Butler. In addition, the Design Lead at Web3 Foundation — Ignasi ‘Iggy’ Albero, and VP of Marketing at Parity Technologies — Kaye Han, will join them.
Furthermore, they will be accompanied by the bounty implementor — Koto Studio. Thus, with this team in place, the Polkadot Brand Update project is ready. Thereby, to power the network’s brand strategy, the team will consult deep insights from community research. Read More
Understanding the Fundamentals of Coinovy: Crypto-to-Fiat
Universality remains to be crypto’s greatest characteristic, but acceptability, ironically, is still largely absent. While we can point out many reasons for that, it all comes down to the ease of managing crypto assets and converting them to fiat for everyday use. If we succeed with that, crypto users will outgrow the FinTech crowd and join this new economy.
The Key to Global Acceptance of Crypto - Mainstream adoption will be possible when people are given bank-like features without needing bank access, and that can be done with a proven crypto-to-fiat (C2F) model. It is a reliable method to onboard more users that simplifies daily crypto transactions in a cost-effective manner. Read More
City of Liverpool takes interest in blockchain-powered food delivery platform
Peepl seeks to enhance adoption by rewarding users with new tokens for every food delivery order.
On Monday, Metro Mayor of the Liverpool City Region Steve Rotheram announced a 700,000-pound investment ($955,957) into food delivery service Peepl. The software aims to act as a cost-efficient alternative to food delivery giants for local restaurants. Peepl is powered by the Fuse blockchain, which boasts having fast transaction times and low fees. It is the first major application of Fuse's open-source money toolkit designed to benefit local communities.
Peepl claims that it can save restaurants up to 50% on the commissions typically charged by food delivery platforms through its technology and partnerships. In addition, the Peepl platform promises to give consumers back 5% to 10% on each order's value in the form of Peepl Tokens (PPL). However, they will be locked within the network for at least four to five years. Read More
A play-to-earn blockchain envisions a revolutionary token economy through the ‘perfect combination’ of DeFi and NFTs
A multichain encryption game has integrated DeFi and NFTs so that players can earn revenue from liquidity mining, trading digital collectibles, and battling dragons.
The new era of blockchain-based games involves more than advanced graphics and sophisticated gameplay. Through the advent of technologies that enable decentralized finance (DeFi) and nonfungible tokens (NFTs), in-game incentives can turn into real-life financial rewards.
Dragon Mainland is a play-to-earn game that combines PvP (player vs player) and PvE (player versus environment) warfare, breeding dragons, free commerce, and collecting NFTs. By absorbing other dragon skulls, players can level up their own dragons and earn cryptocurrency in the game. The platform takes the experience one step further by offering players the opportunity to earn more by trading NFTs collected in-game and engaging in DeFi activities. Read More
Decentralization Empowering People
We live in an increasingly interconnected world with 4.66 billion people connected via the internet. We pay each other, share data, and communicate with each other within seconds. This is all seemingly wonderful, but the truth is we are not connected with each other. Instead, we are connected to centralized multinational companies and data merchants we are forced to trust with everything we do.
It’s a scary reality that most people are living in today; however, decentralization is the future. The transition from centralized platforms to decentralized ones is going to be the most profound and disruptive change we’ll ever see in our lives. Read More
Cardano Founder Says Hydra Is A ‘Necessity’ For Growing Traffic
Cardano has been at the forefront of growth when it comes to smart contracts capability. Ever since smart contracts debuted on the blockchain, high traffic has been anticipated for the network. Smart contracts on Cardano had been in the works for quite a while and were one of the most anticipated upgrades in the space. Now that this is a reality, the developer has had to move on to building further capabilities to accommodate the anticipated traffic increase.
Hydra was built to make room for increased traffic on the network. A Layer 2 solution like Hydra provides the much-needed scalability to maintain high throughputs for the applications on the blockchain. Hydra will also help to regulate fee rates on the blockchain. Thereby providing acceptable fee structures for the users. This makes it a very useful solution and Cardano founder Charles Hoskinson has reiterated the importance of the solution to the network. Read More
Singapore to position itself as global crypto center, says regulator
Singapore is aggressively pursuing policies that will help the cryptocurrency sector grow.
The regulation of cryptocurrencies varies considerably across the globe: China has cracked down on significant amounts of crypto activity in recent months, while Japan only recently allowed specialized cryptocurrency investment funds. El Salvador, on the other hand, has accepted Bitcoin (BTC) as a legal currency.
As financial centers throughout the world seek to regulate the sector, Singapore is aiming to establish itself as the globe’s capital for crypto-related enterprises. According to Ravi Menon, managing director of the Monetary Authority of Singapore (MAS), the city-state might have been left behind had it not gotten a head start on how to deal with cryptocurrencies. Read More
Genesis Digital Assets announces new data center in Texas
Genesis Digital Assets’ new Bitcoin Texan mining center will have a capacity of 300 megawatts.
According to the firm’s Monday announcement, the new industrial-scale BTC mining data center will have a capacity of 300 megawatts and will operate using unspecified “sustainable infrastructure.” Its energy will be sourced from the Electric Reliability Council of Texas (ERCOT).
As part of the announcement, Genesis co-founder and executive chairman Abdumalik Mirakhmedov emphasized that “sustainability” is a key part of the firm’s plans for “rapid expansion.”
ERCOT supplies more than 26 million customers in Texas with electricity. As of April this year, 42% of its energy supply was sourced from wind and solar. Read More
Education Ecosystem Is Set to Become the Biggest Crypto Channel for Developers on YouTube
Education Ecosystem (LEDU), a leader in online project-based learning, is excited to announce that it is presently creating over 1000 video projects for CMC Top 100 blockchains to teach developers how to build new applications related to financial apps, decentralized markets, games, crypto wallets, and more. With more crypto exchanges releasing their APIs and SDKs, Education Ecosystem seeks to plug a gap where crypto developers do not have tutorials and resources to learn how to build crypto products.
Education Ecosystem believes that creating these projects, which entail a tutorial and downloadable resources to help the learners will encourage learning and innovation of crypto products across top exchanges and platforms. According to the CEO, Education Ecosystem is rolling out this development as part of its efforts to be the leading learning platform for intermediate to expert level developers on Youtube. 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.
