Palo Alto, California, March 1st, 2024, Chainwire
Using OpenRank, developers and web3 companies can build consumer apps where people can discover, use, fund, read, or buy something on-chain without worrying about getting spammed or scammed.
Karma3 Labs has raised $4.5M in seed funding led by Galaxy and IDEO CoLab Ventures to build OpenRank, a decentralized reputation protocol. Using OpenRank, developers and web3 protocols can power consumer apps, communities and marketplaces with an open ranking and recommendation layer that provides users with security and peace of mind when making decisions onchain, without having to trust centralized gatekeepers. Some of the early use cases of OpenRank include leveraging a community rating system for App Marketplaces like Metamask Snaps; Ranking and Recommendation APIs for Lens and Farcaster; On-Chain discovery feeds for consumer apps and wallets; and reputation-based voting and governance.
Introducing trust and reputation mechanisms is critical to web3, just as it has been for web2, where there have been countless use cases in decentralized peer-to-peer utility. For example, Uber decentralized taxi services because of driver ratings; AirBnB decentralized hotels because of host ratings; eBay decentralized the shopping mall because of seller ratings; Reddit decentralized gated community forums because of user karma badges; Google allowed for the practical use of the decentralized web because of PageRank. However, none of these services were able to be fully decentralized because a single entity owned the reputation scores. To prevent centralized gatekeeping, there is a need for decentralized reputation mechanisms. Such reputation systems need to be open-source, permissionless, flexible to different contexts, and Sybil-resistant.
OpenRank solves for this in web3, creating a decentralized reputation mechanism that sets the foundation for a future where peer-to-peer interactions and collective community intelligence power a decentralized web of trust, rendering centralized gatekeepers obsolete. The protocol aims for a scenario where Twitter’s Community Notes like system was possible, but not owned by a single company, openly and cheaply accessible to any developer, who could define their own algorithm of choice.
“A decentralized internet characterized by fairness and transparency hinges on the existence of a robust reputation system,” said Sahil Dewan, founder and CEO of Karma3 Labs. “We believe that on-chain social and consumer experiences will need a decentralized reputation protocol and we’re excited to onboard builders and developers for OpenRank.”
OpenRank enables any developer to permissionlessly compute on Reputation Graphs for ratings, ranking or recommendation for their apps or communities. These graphs can be constructed using on-chain or any peer-to-peer social graph data. Using graph algorithms, like EigenTrust, the OpenRank will enable verifiable compute on these reputation graphs.
OpenRank leverages zero-knowledge proving systems for running graph algorithm computations. Developers can use any on-chain data that suits their application context without having to worry about the cost or verifiability of computing on the data. Consumer applications and marketplaces will be able to integrate context-specific, native rankings and recommendations seamlessly. Moreoever, developers can also leverage rankings and reputation from other ecosystems and communities to bootstrap their own reputation system. OpenRank believes that a reputation compute layer in web3 would allow a broader range of useful applications, including those that resist cryptographic or game-theoretic mechanisms of trust. To achieve this, the team needs a system that is resilient to Sybil contexts, provides scalable compute and can be permissionlessly used by any developer.
“OpenRank represents a pivotal advance in web3 social and on-chain interactions. We’ve seen the impact PageRank has had in web2 and there is a massive opportunity to build a similar reputation primitive on-chain,” said Mike Giampapa, General Partner of Galaxy’s venture team. “We’re excited for the future of Karma3 Labs and what they’ve built with OpenRank, and are proud to lead the company’s seed round.”
The fundraise was led by Galaxy and IDEO CoLab Ventures, with participation from Spartan, SevenX, HashKey, Flybridge, Delta Fund, Draper Dragon, and Compa Capital. Angel investors from Xooglers Fund and veterans from Coinbase, ConsenSys, IPFS, along with Andrew Hong from Dune Analytics and Liang Wu from the Harvard Crypto Lab also invested in the seed round. The raise enables OpenRank to broaden adoption across early use cases and help launch protocol v1 for developers, ushering in a new era of permission-less and verifiable reputation computation.
“Karma3 Labs and the OpenRank protocol for reputation and trust will enable radical innovation around choice, personalization and safety for a rapidly evolving internet. We are excited to see OpenRank already being implemented to enable open marketplaces, spam reduction and choose your own algorithms. This only scratches the surface of what’s possible and we look forward to working with the Karma3 Labs team to bring these possibilities to life,” said Joe Gerber, Managing Director of IDEO CoLab.
About OpenRank
OpenRank is a decentralized reputation protocol founded by Karma3 Labs. OpenRank introduces decentralized reputation mechanisms that set the foundation for a future where peer-to-peer interactions and collective community intelligence power a decentralized web of trust, rendering centralized gatekeepers obsolete. With OpenRank, we can build a more reputable world.
Contact
Karma3 Labs
[email protected]
Grand Cayman, Cayman Islands, March 1st, 2024, Chainwire
Ondo launches native access to tokenized real-world assets on Sui
Sui, the Layer 1 blockchain that offers industry-leading performance and infinite scaling, has announced that Ondo Finance’s yield-bearing stablecoin alternative is now live on the network and available for immediate use by builders, developers and their end users. Ondo’s US treasury-backed and interest-bearing token, USDY, is the Sui Network’s first native dollar-denominated token.
Ondo’s expansion to Sui offers key functionalities enabling builders and developers within the ultra-composable Sui ecosystem to create decentralized applications with significantly more features. Sui’s fast-rising DeFi TVL and volume, along with its adoption by leading projects, including some from other platforms, indicates a network that is experiencing growing demand for its next-generation financial applications.
Ondo Finance is the third-largest platform bringing tokenized forms of real-world assets onto public blockchains with $185M in TVL. Ondo’s flagship Treasury-backed tokens and other tokenized real-world assets will create countless new opportunities for teams building on Sui. At inception, DeFi protocols with immediate integrations of USDY include Aftermath Finance, Cetus, NAVI Protocol, Typus Finance, Bucket Protocol, Turbos and KriyaDEX.
“I am extremely excited to bring the unique benefits of Ondo’s treasury-backed, yield-bearing USDY token to the builders and developers on Sui,” said Ondo’s founder and CEO, Nathan Allman. “The combination of our technologies offers this group, which is already creating apps at the forefront of DeFi, a unique opportunity to leverage Sui to advance the industry even further.”
The tokenized treasury-backed offerings that now live on the Sui Network represent tradable tokens backed by real-world assets, marking a significant step toward growing DeFi in the ecosystem and across the industry.
“Sui’s rapid growth in decentralized finance, exemplified by the significant assets and projects coming to the ecosystem, is a clear illustration that the network is ready to incorporate the latest in tokenized real-world assets,” said Greg Siourounis, Managing Director of the Sui Foundation. “Having a version of Ondo’s USDY that is native to Sui will unlock exciting new opportunities for Sui’s builders and developers and new features for the users of their applications.”
Contact
Sui Foundation
[email protected]
OpenAI has petitioned a federal judge to dismiss certain portions of The New York Times’ copyright lawsuit, contending that the newspaper “paid someone to hack ChatGPT” and other artificial intelligence (AI) systems to fabricate misleading evidence.
In a filing at a Manhattan federal court on Monday, OpenAI asserted that The NYT induced the technology to replicate its content through “deceptive prompts that violate OpenAI’s terms of use.”
OpenAI refrained from naming the individual it alleges The NYT enlisted to manipulate its systems, thus avoiding accusations of the newspaper violating anti-hacking laws.
In the filing, OpenAI stated:
“The allegations in the Times’s complaint do not meet its famously rigorous journalistic standards.
The truth, which will come out in this case, is that the Times paid someone to hack OpenAI’s products.”
OpenAI’s assertion of “hacking” is, according to the newspaper’s attorney Ian Crosby, merely an attempt to exploit OpenAI’s products to uncover evidence of the purported theft and replication of The NYT’s copyrighted work.
In December 2023, The NYT initiated legal action against OpenAI and its primary financial backer, Microsoft.
The lawsuit alleges the unauthorised utilisation of millions of NYT articles to train chatbots disseminating information to users.
Drawing from both the United States Constitution and the Copyright Act, the lawsuit defends The NYT’s original journalism. It also implicates Microsoft’s Bing AI, alleging the creation of verbatim excerpts from its content.
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The New York Times is one of many copyright holders litigating against tech companies for purportedly misappropriating their content in AI training. Other factions, including authors, visual artists, and music publishers, have similarly lodged lawsuits.
OpenAI has previously argued that training advanced AI models without incorporating copyrighted works is “impossible.”
In a submission to the United Kingdom House of Lords, OpenAI contended that, as copyright encompasses a broad array of human expressions, training leading AI models sans copyrighted materials would be unviable.
Tech companies contend that their AI systems ethically use copyrighted material, emphasising that such lawsuits imperil the growth of a potentially multitrillion-dollar industry.
Courts have yet to ascertain whether AI training qualifies as fair use under copyright law.
Nevertheless, some infringement claims concerning outputs from generative AI systems were dismissed due to insufficient evidence demonstrating that the AI-generated content bore resemblance to copyrighted works.
US-based cryptocurrency brokerage firm OANDA is poised to commence cryptocurrency trading services in the United Kingdom through its registered subsidiary, OANDA Crypto.
The crypto subsidiary was established last year following the firm’s acquisition of a majority stake in Financial Conduct Authority (FCA)-registered Coinpass.
The new crypto trading platform will provide trading services for over 63 cryptocurrency pairs, including Bitcoin and Ether, with intentions to incorporate additional tokens and features in the forthcoming years.
OANDA’s recent expansion in the UK follows more than a year after the company initiated crypto trading services in the US in collaboration with Paxos, a renowned crypto trading platform.
The company recently relocated its European operations from Malta to Warsaw in Poland, acquiring the Polish broker Dom Maklerski TMS Brokers SA, subsequently rebranding it to OANDA TMS.
The crypto brokerage firm has consistently targeted regions with stringent regulatory frameworks, initially focusing on the US and now extending to the United Kingdom.
Several prominent crypto companies withdrew their services from the UK since October 2023 due to the FCA’s new regulatory guidelines concerning crypto advertising.
Crypto firms like Bybit and Revolut temporarily suspended their UK operations last year, citing the new FCA promotion regulations.
READ MORE: Reddit and Google Forge AI Partnership to Boost Model Training
The new advertising regulations permit only FCA-registered virtual asset service providers to promote their activities in the country.
Additionally, these regulations mandate crypto firms to significantly modify their online platforms to better caution potential customers about investment risks.
The FCA identified “significant levels of non-compliance” among crypto firms breaching the crypto promotion rules that came into effect on October 8, 2023.
The regulator noted that between October 8 and December 31, 2023, it issued 450 consumer alerts against virtual asset companies unlawfully promoting crypto.
Conversely, OANDA’s head of digital assets, Lucian Lauerman, described the UK market as highly educated and dynamic.
He remarked that the market is aligning more with the traditional markets where the company has operated, indicating a slightly elevated regulatory standard.
Cointelegraph reached out to OANDA for comments but has not yet received a response.
The Ministry of Culture in Saudi Arabia has inaugurated a metaverse dedicated to exhibiting and safeguarding the cultural heritage of the nation, marking its founding day.
The Saudi government’s Cultural Universe metaverse initiative, which traces the extensive history of Saudi Arabia back to 1727, was launched on February 22.
Utilising Oracle’s Hyperledger Fabric 2.5 blockchain technology, the metaverse was crafted by droppGroup’s Generative Media Intelligence artificial intelligence (AI) system, known as droppPhygital.
The virtual realm adopts a first-person shooter approach to aid users in navigating the metaverse.
Users can freely traverse a shared path alongside others, exploring information displayed on either side of the route.
Proximity to virtual depictions of historical events triggers voice audio that elaborates on the event in depth.
However, this audio feature is currently limited to Arabic and does not offer English translations.
The Cultural Universe encompasses various sectors dedicated to music, art, history, cuisine, crafts, and other facets of Saudi heritage, along with mini video games.
This service is freely accessible via websites, mobile devices, virtual reality headsets, and other compatible digital platforms. The official announcement from the Saudi government stated:
READ MORE: Bitcoin Halving Threatens US Miner Profitability and Sparks Global Migration Talks
“This cross-platform compatibility embodies the Ministry of Culture’s commitment to inclusivity, enabling a diverse global audience to explore and engage with the rich history of Saudi culture.”
The Saudi Ministry of Culture, entrusted with conserving and promoting the nation’s cultural legacy while fostering contemporary artistic expression, perceives the metaverse as a “transformative moment” and regards the initiative as a cultural revolution.
According to Samuel Huber, CEO of LandVault, a metaverse company collaborating with various government entities in the Middle East, Saudi Arabia, alongside other Middle Eastern nations, has transcended the metaverse’s “era of hype” and is progressing towards leveraging the technology to bolster their economies.
In an interview with Cointelegraph, Huber elucidated that the metaverse entails constructing 3D experiences embedded within websites. He remarked:
“What we found is the biggest segment are the governments in the Middle East, especially the UAE [United Arab Emirates], Saudi and Qatar, which are trying to digitalise their infrastructure and create really interesting economies for their citizens.”
He further stated that, akin to blockchain and AI, the metaverse stands as “one of those pillars” that the Middle East is eyeing for economic advancement.
Singapore, Singapore, February 29th, 2024, Chainwire
In a monumental leap forward for the gaming industry, Roll1ng Thund3rz (RTz), the pioneering Web3 gaming company, proudly announces the launch of Web3War® v3.0.
This latest iteration introduces game-changing features, with Skill2Earn taking center stage in Season 1, accompanied by the Ranked Matches and an enticing Season Pass.
Skill-to-Earn: A Paradigm Shift in Gaming Dynamics
Web3War®’s version 3.0 is not merely an update; it’s a major transformative experience for gamers worldwide. The implementation of Skill2Earn in Season 1 empowers players to monetize their in-game prowess. The Season Pass, a cornerstone of this release, can be acquired by staking $FPS tokens, establishing a direct link between player achievements and real-world rewards.
Valentin Cobelea, CTO and co-founder of Roll1ng Thund3rz, emphasizes the significance of Skill2Earn: “We believe in creating a gaming ecosystem where players are not just participants but contributors. Skill2Earn is a testament to our commitment to rewarding the dedication, talent and skills of our gaming community, ushering in a new era of interactive and rewarding gameplay.”
Unlocking a World of Possibilities: Season 1 & Season Pass Unveiled
Elevating the gaming experience to unprecedented heights, Roll1ng Thund3rz introduces the Season Pass, an intricate tapestry of 25 items that promise to immerse players in a world of digital ownership.
By staking $FPS tokens, players gain access to this treasure trove, a series of items spread across 25 levels that unfold with each match played by gaining also Season XP. Delving into this trove, 15 items take the form of coveted skin NFTs, transforming the appearance of in-game weaponry with unparalleled style and rarity. Importantly, the Season Pass extends an inclusive touch, offering 2 of the 15 premium skin NFTs to all players, even those without the pass.
Players must embark on regular or ranked matches or both, earning Season XP with every move, to unlock each level and claim their piece of the coveted Season Pass bounty. This dynamic system not only rewards skill and dedication but also crafts a unique journey for players, where progression becomes a tangible and visually stunning testament to their prowess within the immersive world of Web3War®.
Ranked Matches as Team-Based Showdowns
Web3War® version 3.0 introduces Ranked Matches across the game’s 12 meticulously crafted maps, providing players with diverse environments for intense team-based competitions. Whether engaging in 1v1, 2v2, 3v3, or 4v4 battles, participants can enter by paying a fixed access fee in $FPS tokens. The winning team claims an impressive 88% of the total access pool, adding a layer of competitiveness and stakes to every match; 2% being burned and the 10% going to RTz for development support.
Matt Dyer Reflects on The $FPS Token Listing
Matt Dyer, the CEO of Roll1ng Thund3rz and Zilliqa blockchain, remarks on this highly important achievement: “The demand for $FPS tokens reflects the community’s confidence in Web3War®’s potential and the widespread adoption of blockchain gaming. Once more, we have demonstrated our unwavering commitment to fostering Web3 gaming adoption.”
FUS1ON Gaming Hub®: Revolutionizing Functionality and Web3War®’s Aesthetics
FUS1ON® Hub, the heart of the game’s digital marketplace, unveils a stellar update of its own. Boasting an extensive collection of more than 10000 new skin NFTs, FUS1ON Gaming Hub® takes customization to a whole new level, allowing players to express their individuality with unrivaled style.
This update introduces a slew of features, including token swapping and seamless token transfers between player wallets. Navigating the Mark3t, FUS1ON Gaming Hub®’s marketplace for skin NFTs, has never been easier, thanks to the addition of Collections, ensuring a streamlined and immersive experience for all Web3War® enthusiasts. FUS1ON Gaming Hub® remains at the forefront of innovation, enhancing both aesthetics and functionality within the expansive universe of Web3War® – which can easily be reached not only on the Microsoft Store here, but also directly online at www.mark3t.store and www.fus1on.online.
Charting the Future of Gaming
Roll1ng Thund3rz has not only elevated Web3War® to new heights but has also set the stage for the future of web3 gaming with this major release which also well impacted the FUS1ON Gaming Hub® with the additional layers of technologies and security. As Skill2Earn takes center stage, players become active participants in an ecosystem that values skill, competition, and community engagement. Web3War® v3.0 is more than a game; it’s a testament to the studio’s commitment to pushing boundaries and redefining the gaming experience in its very own ecosystem.
As the gaming community eagerly dives into the immersive world of Web3War® v3.0 as a leading game in the FUS1ON Gaming Hub®, the collaboration of Skill2Earn mechanics, Season Pass incentives, and the strategic use of $FPS token underscores Roll1ng Thund3rz’s position as a pioneer in the rapidly evolving landscape of web3 gaming.
About Roll1ng Thund3rz
Roll1ng Thund3rz is an integrated entertainment company that is part of the Zilliqa Group, building products for gamers, by gamers, using Web3 and blockchain technologies. With a focus on creating quality games and engaging experiences, Roll1ng Thund3rz is dedicated to advancing gaming by leveraging vanguard technologies to shape the future of the industry.
About Web3War®
Web3War® is the first-person shooter crafted by Roll1ng Thund3rz and secured by Zilliqa. W3W is a multiplayer, free-to-play, seasonal content-oriented FPS game that prioritizes fun and high-quality gameplay above all else.
Contact
Team
Marketing
Roll1ng Thund3rz
[email protected]
+6568172500
London, United Kingdom, February 29th, 2024, Chainwire
The eco-friendly crypto project Green Bitcoin has seen its limited-time presale phase cross $1 million in funding.
With an innovative gamified staking model and energy-efficient foundation, Green Bitcoin offers token holders a way to stake their tokens and generate yield.
Gamified Staking Model Offers Unique Way to Earn
Green Bitcoin’s gamified staking model offers a unique twist, token holders can try to predict Bitcoin’s daily price movements, and if they are successful they can earn rewards that vary based on accuracy and stake size.
This system resets daily, ensuring continuous engagement.
Unlike typical staking protocols with fixed yields, Green Bitcoin’s model offers a dynamic yield.
As outlined in Green Bitcoin’s whitepaper, the project has allocated over 27% of the total token supply to staking rewards, ensuring a sizable pool of incentives for accurate BTC price predictions.
This pool of funds is set to be distributed over a period of two years.
Green Bitcoin Raises Over $1m Amidst Booming Crypto Market
Building on the crypto market’s resurgence, Green Bitcoin’s presale has passed the $1 million mark, offering potential investors discounted tokens.
Unlike typical presale setups, Green Bitcoin’s team incentivizes long-term holding by allowing users to stake their purchased tokens immediately.
Coinsult, a reputable blockchain security firm, has audited the token’s smart contract.
According to the compay, Green Bitcoin’s social channels are seeing engagement about the project. The project’s Telegram group has seen growth in the past week, with the Green Bitcoin Twitter account growing to 3,400 followers.
Green Bitcoin has even been featured in YouTube videos from names like Crypto Boy, who praised its “Predict-to-Earn” model.
About Green Bitcoin
Green Bitcoin is a new crypto project on the Ethereum chain providing a more eco-friendly, sustainable alternative to Bitcoin, alongside staking rewards for holders and novel ‘predict to earn’ elements including weekly challenges.
The Green Bitcoin project launched in late 2023 with a presale hard cap target of $7 million, with over $1 million raised so far. The smart contract has been audited by Coinsult.
Users can visit Green Bitcoin Presale here
Green Bitcoin is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest.
Contact
Green Bitcoin
[email protected]
Amsterdam, Netherlands, February 29th, 2024, Chainwire
Scantrust and LTO Network Partnering for Secure, Transparent items.
Scantrust’s innovative Secure QR codes, a well-known and proven tool against counterfeiting, can now be used in conjunction with LTO Network’s secure, transparent blockchain technology. This allows organizations that depend on critical documents and high-value, luxury goods to have additional options to establish and maintain a new level of trust and accountability.
Any item with Scantrust Secure QR codes can have their authenticity verified in a matter of seconds using a mobile phone. With the LTO Network, an additional, immutable digital audit trail for information can be added, creating a secure data anchor for government certificates, product and safety certifications, diamond certificates, warranty cards for luxury goods (e.g. watches) and any other high-value items.
The LTO Network blockchain also supports a new way to track supply chain information. By integrating blockchain for enhanced transparency and immutability, counterfeiters are blocked from easily faking the origin of the counterfeit items they sell. In an industry plagued by a $500 billion counterfeiting problem, these tools represent a significant step forward in protecting businesses and safeguarding consumers.
The option to integrate LTO Network’s technology with Scantrust Secure QR codes is part of a vision for a future where trust is built into the very fabric of our transactions and trades. For Scantrust, it’s an opportunity to expand their reach and further their mission of document security. For LTO Network, it’s about adding a powerful document security layer to their suite of privacy-focused solutions, offering their clients a comprehensive package for building trust in today’s digital world.
About LTO Network
LTO Network is a privacy-aware Layer-1 blockchain for Real World Assets, Data Security and Identity solutions.
The platform is designed for business process efficiency and security. It combines a public layer for transparency and a private layer for data security, ensuring GDPR and MiCA compliance. This dual-layer approach makes it ideal for enterprises requiring data privacy and regulatory adherence.
LTO Network also offers tokenization of RWAs through their Ownables technology, enabling assets to be brought on-chain and allowing them to interact with the world of DeFi and Web3.
LTO Network’s KYC services help maintain compliance with anti-money laundering laws as well as offering proof of humanity services to protect Web3 and DeFi platforms from bots.
About Scantrust
Scantrust helps manage and resolve counterfeit product problems, address supply chain traceability and inventory management challenges, and provides tools for regulatory compliance related to product data requirements. Maintain and build your brand’s integrity, gather detailed consumer insights, and simplify your traceability regulatory compliance efforts. Learn more at www.scantrust.com
Contact
Shawn Naderi
LTO Network BV
[email protected]
London, United Kingdom, February 29th, 2024, Chainwire
Memeinator is currently sitting at over $5.2 million in presale buys. Sustained presale action follows the continued rollout of roadmap promises. Earlier this month, Memeinator announced a partnership with award-winning game studio Red Apple Tech for the development of the Meme Warfare game.
Head of Product, Marco Tonetti, said: “The fantastic performance in the presale means the market knows what we’re about: we care about delivering a fun project with genuine longevity and none of the derivative nonsense that’s so common in the space. We’re continuing to develop Memeinator to give our audience the best experience possible, and our partnership with Red Apple is just one part of that.”
Memeinator (MMTR) is available to buy on the official site.
Memeinator’s Mission
Memeinator’s mission is simple: to make meme coins fun and rewarding again while fighting back against the half-baked projects that have come to define the sector.
This fight is embodied in Meme Warfare, an AI-infused game where, playing as the Memeinator, players can battle against inferior meme coins. These coins are fed into the game by an AI that scans the community’s suggestions for meme coins worthy of destruction.
Memeinator intends to reach a $1 billion market cap as it becomes the world’s top meme coin, aiming to leverage its marketing efforts to the fullest in pursuit of this goal.
Inside MMTR’s Push To $5 Million
The project’s adherence to roadmap promises is likely a significant driver behind recent growth. Currently in Phase 1 of its roadmap, Memeinator is on schedule, with Meme Warfare under development and the team now fully in place.
Phase 2 of Memeinator’s roadmap includes NFTs, staking, and influencer campaigns.
Wider market conditions may have also played a role in the $5 million figure being reached so soon. Bitcoin breached $60k recently for the first time since 2021, which for many represents a confirmation of a full-blown bull market.
There looks to be more good news on the horizon, too. Ethereum ETFs could hit the market as soon as May, and the Bitcoin halving looms in April, setting the scene for a market-wide rally.
As capital flows into crypto, it’s likely that an altcoin season will kick off, with some analysts believing this has already begun. Memeinator is perfectly positioned to ride the wave of an altcoin gold rush, bringing its $1 billion market cap target very much into view.
The Memeinator presale has now entered Stage 16, putting MMTR at $0.0233. The price will rise to $0.0246 when Stage 17 begins.
About Memeinator
Memeinator is the antidote to the hundreds of throwaway meme coins that lack any legitimate utility. With its deflationary token, engaged community, expertly crafted NFT collection, and AI-powered video game, it offers real innovation instead of just hype. Its purpose is to eclipse its rival meme coins. And, on the way, to deliver strong returns to its community via both trading its MMTR coin and staking before smashing the $1 billion market cap.
For more information, users can visit Memeinator’s website.
Website | Whitepaper | Socials
Contact
Memeinator Team
Memeinator
[email protected]
The Ethereum Name Service (ENS) developer is poised to resolve its dispute with Manifold Finance over ownership of the eth.link domain following the approval of a $300,000 settlement by its decentralised autonomous organisation (DAO).
A vote by the ENS DAO concluded on Feb. 26, with approximately 88% endorsing the settlement.
This agreement will see ENS Labs dropping its lawsuit and paying $300,000 to Manifold while retaining the domain name.
Additionally, 84% of voters approved a $750,000 reimbursement for ENS Labs’ legal expenses.
This settlement brings an end to an 18-month-long conflict that saw ENS Labs suing Manifold and domain registrars GoDaddy and Dynadot in an Arizona District Court.
The lawsuit resulted in an order preventing the domain from being transferred away from ENS Labs.
ENS founder Nick Johnson explained in a Feb. 13 forum post that Manifold’s settlement terms included a demand for $300,000 from ENS Labs, alongside confidentiality and non-disparagement clauses.
Johnson stated, “In return, they are offering an all-parties settlement, which would result in the dismissal of the case and ENS Labs retaining the eth.link domain name.”
ENS functions as a blockchain equivalent of the Domain Name System (DNS), translating domain names like cointelegraph.com into IP addresses for browser accessibility.
Due to the incompatibility between the two systems, ENS utilises the eth.link domain to support “.eth” ENS-based domains.
READ MORE: Carlson Group Adds Top Bitcoin ETFs to RIA Offerings, Prioritising Low Fees and Growth
The ownership of eth.link lapsed in July 2022, as the early contributor Virgil Griffith, who owned it, could not renew it while serving a jail sentence.
Subsequently, GoDaddy, the registrar for eth.link, allowed the domain to expire, enabling Manifold to acquire it through auction on Dynadot in September 2022.
ENS initiated legal action against the three entities, obtaining a court order halting the domain’s transfer after they failed to appear at a court hearing.
Following months of legal proceedings, Arizona District Judge John Tuchi ordered Dynadot to unlock eth.link in July 2023 for transfer to ENS.
It appears that ENS and GoDaddy have reconciled over the matter, as they recently collaborated to offer .eth ENS domain holders the opportunity to link their domains with traditional domains for free earlier this month.