x
Image Source: Pixabay
Geojam, The Popular Music App, Moves Onto The Blockchain
Constellation Network has been calling for proposals for those that want to build on the blockchain, using the Hypergraph Network. Constellation, which launched its public network in Q1 2020, recently announced that the popular music app Geojam will be its next incubation project.
Geojam is already a household name among music fans through its Apple ioS app. The app is a social music community that bridges fans, artists, influencers as well as brands. The discovery platform connects with all major music streaming platforms, and this move to the blockchain is the next obvious step for a platform of this nature. Read More
NFT’s for a better world: Music producer auctioning his personal Snoop Dogg Platinum plaque for a philanthropic stand
Snoop Dogg RIAA Certified Platinum Plaque NFT Drop by Tito Rodriguez takes a philanthropic stand and raises money for charity.
Nonfungible tokens (NFTs) have taken the world by storm for their ability to allow content owners and other creators to monetize scarce images, videos or contracts for sizable amounts of money. However, they more recently have proven their ability to facilitate philanthropic actions to raise funds for noteworthy causes.
NFTs offer opportunities for fundraising since they, unlike crypto, offer something more than monetary donations. Instead, they allow celebrities and other individuals to auction off digital creations, with the proceeds going to a charity of their choice. Read More
Everlasting Options and Perpetual Futures: Here is how one platform is offering both with a DeFi twist
A derivatives protocol is providing users with perpetual futures and everlasting options with what they believe to be a “Uniswap style.”
With DeFi, no broker is required, meaning settlement occurs automatically on the chain and fulfills the terms of a contract immediately. DeFi for derivatives trading also solves the larger problem at hand, being that users can’t trade centralized exchange derivatives from the blockchain at all.
The Deri protocol allows users to trade derivatives the DeFi way, providing options and futures to hedge, speculate, and arbitrage, all on-chain. 0xAlpha, the co-founder and CEO of Deri Protocol, shares their goal of providing something “similar to BitMEX, with Uniswap style.” Read More
Modeled after Amazon, this platform is building the bridge between DeFi and e-commerce
This DeFi ecosystem is disrupting e-commerce by leveraging DeFi protocols to build the next Amazon.
Uquid, a DeFi ecosystem, is aiming to “build a bridge between DeFi and e-commerce,” effectively becoming an “Amazon of DeFi" online shopping platform. Their goal is to provide a solution for decentralized finance to access e-commerce through use cases, including Shopping Mining, Shopping Staking and automated Shopping Making.
Tran Hung Uquid’s CEO shares, “this combination of DeFi and e-commerce allows buyers and sellers to cut out middlemen and reduce fraud, which makes the exchange of goods and services more efficient and leads to savings for customers.” 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.
What Is Decentralization?
In short, it is the transfer of control and decision-making from a centralized entity, an individual, organization, government, or company to a distributed network. Decentralized networks reduce the level of trust that people have to place in each other and significantly reduce the ability of any centralized entity to exert authority or control over that Network.
One of the most well-known examples of decentralization is cryptocurrency. This feature is the key reason why it's so valued amongst the crypto community and tech Geeks. No single entity can stop you from transferring Bitcoin to another person.
However, there are numerous examples of people who have had their bank accounts shut down because they bought Bitcoin. So it seems any given bank can dictate what its customers can or cannot do with their money. Read More
Coinbase Files to Offer Cryptocurrency Futures and Derivatives Trading
Cryptocurrency exchange Coinbase has filed an application with the National Futures Association (NFA) to offer futures and derivatives trading on its platform. The exchange says its new offerings aim to “Further grow the crypto-economy.” Read More
Africa Has Some of the 'Highest Grassroots Adoptions in the World' — Chainalysis Crypto Preview
While Africa is seen as one of the smallest cryptocurrency markets, according to a preview of Chainalysis’ Geography of Cryptocurrency annual report, this region has “some of the highest grassroots adoptions in the world.”
African Volumes Mainly Composed of Retail Transfers
The crypto adoption observation for Africa is corroborated by the blockchain analysis firm’s latest Global Crypto Adoption Index. According to this index, four African countries, namely Kenya, Nigeria, South Africa, and Tanzania, are all in the top 20. Read More
Will Stablecoins Threaten Financial Stability?
With cryptocurrencies and exchanges facing court cases and possible strict regulation, regulators are starting to worry far more about stablecoins, and whether they can negatively impact the existing financial system.
The cryptocurrency space is awash with negative comments from figureheads of the traditional financial system, whether that be from bank officials or leading lawmakers and influential figures from the SEC and the Treasury.
However, what appears to be most vexing the top officials in the US financial system are the $120 billion in stablecoins, circulating throughout crypto, and used as a peg against fiat currencies such as the US dollar, the euro, pound sterling, etc. Read More
Evolve or die: How smart contracts are shifting the crypto sector’s balance of power
Smart contract capabilities are rendering old-school megalithic crypto projects obsolete as blockchains evolve beyond just being a medium of exchange.
One of the familiar themes seen in previous crypto market cycles is the shifting market caps, popularity, and ranking of the top 10 projects that see significant gains during bull phases, only to fade into obscurity during the bear markets. For many of these projects, they follow a recognizable boom-to-bust cycle and never return to their previous glory.
During the 2017–2018 bull market and initial coin offering (ICO) boom, which was driven by Ethereum network-based projects, all manner of small smart contract-oriented projects rallied thousands of percentage to unexpected highs.
While all of these tokens are still unicorn-level projects with billion-dollar valuations, these large-cap megaliths have fallen far from their previous glory and now struggle to stay relevant in the current ecosystem.
Let’s take a look at a few of the current projects that threaten to unseat these dinosaur tokens from their perch. 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 other advice.
