New York City, United States, January 30th, 2024, Chainwire
Developers can receive up to $50,000 USDC per project, plus dedicated tech support, introduction to accelerators and investors, marketing support and project consulting.
Cartesi (CTSI), an app-specific rollup protocol with a virtual machine that runs Linux distributions, announced today an allocation for $1 million to the Cartesi Grants Program. The program is dedicated to fostering developer talent and enriching the Cartesi ecosystem by supporting new ideas & dApps, research & integrations, developer tooling and gaming. Independent developers, founding teams, DAOs, communities and collectives can apply starting today, Tuesday, January 30th and have the opportunity to receive up to $50,000 USDC per project, subject to community vote. Through this grants program, Cartesi aims to increase the number of long-term contributors and developers building novel applications on Cartesi.
Areas of focus:
- New ideas & dApps: Applications and experiments built using the Cartesi framework that offers value to the broader ecosystem. Currently, Cartesi is supporting Complex Vouchers, an advanced voucher system for external interactions.
- Research & Integrations: Split into two tracks, Track 1 focuses on research and solutions that integrate Cartesi technology with other innovative technologies. For example, Cartenix uses the Cartesi VM and Nix Package system to leverage reproducible builds in a deterministic and verifiable environment. Having this on-chain provides a much higher level of security and trustlessness for developers.
- Track 2 is dedicated to in-depth research on topics identified as crucial for the advancement of the Cartesi ecosystem. For example, open-source research associated with RISC-V, ZK, and Cartesi.
- Developer tooling: Tools that simplify and enhance the experience for developers building on Cartesi. For example, Drand is a component of a larger set of tools for generating random numbers on Cartesi’s convenience layer. The goal is to create a framework for Cartesi that will make it easy for web3 developers to create dApps using Cartesi.
- Gaming: Games that uniquely leverage the capabilities of Cartesi, such as open-source games that can be reused and built upon, game frameworks, convenience layers, and other infrastructure contributions. Currently under development is Dazzle, a competitive online puzzle RPG that leverages Cartesi Rollups and the Cartesi Machine for high-stake, e-sport-like tournaments.
“This grants program is designed to foster long-term collaboration within the Cartesi ecosystem and increase the convenience and scalability of dApp development for both developers and users,” said Hellenstans.eth, Grants Steward in the Cartesi ecosystem. “The grants program offers financial support and invaluable technical guidance to kickstart any developer’s project.”
Cartesi’s first dApp, Honeypot, launched on the Ethereum mainnet this past summer. This dApp is designed to encourage developers to challenge the security of Cartesi Rollups. The Honeypot fund constantly increases by a compounded 8% weekly and is currently unbroken, holding 139,861 CTSI.
The Cartesi Foundation has committed $1,000,000 in total to the first two waves of the Cartesi Grants Program. During Wave 1, the Grants Program will allocate a maximum of $500,000 USDC, with a further $500,000 USDC available for allocation during Wave 2.
The Cartesi Grants Program’s goal for Wave 1 is to significantly ramp up in speed and scale in future rounds of grant funding by gathering feedback on the grant process and lowering friction for proposers looking to apply for grants. To review the list of projects approved for funding during the pilot, visit governance.cartesi.io. To find out more and apply, please visit the Cartesi Grants Program page on Charmverse.
About Cartesi Foundation
The Cartesi Foundation is a mission-bound organization dedicated to supporting the Cartesi technology and the decentralization of the Cartesi ecosystem. The Foundation’s mission is to be a supporting member of the Cartesi community, through fundings, education programs, grants, strategic alliances, and other focused activities. The Foundation is committed to supporting the development of the Cartesi ecosystem; bringing mainstream scalability and convenience to dApp developers and users. To learn more about Cartesi, visit https://cartesi.io/.
About Cartesi
Cartesi is an app-specific rollup protocol with a virtual machine that runs Linux distributions, creating a richer and broader design space for dApp developers. Cartesi Rollups offer a modular scaling solution, deployable as L2, L3, or sovereign rollups, while maintaining strong base layer security guarantees. To learn more about Cartesi, visit https://cartesi.io/.
Contact
PR Manager
Lauren Bukoskey
Serotonin
[email protected]
On January 27, Bitcoin remained steady at approximately $42,000, instilling confidence in traders due to recent price gains towards the end of the week.
Market data from Cointelegraph Markets Pro and TradingView revealed the usual calm weekend price movements, with $41,800 as a focal point.
The preceding day had witnessed a 5% increase in Bitcoin’s value, marking an improvement in market conditions compared to previous weeks, as reported by Cointelegraph.
Several recurring factors continued to capture the attention of investors, including the outflows from exchange-traded funds (ETFs), selling pressure stemming from defunct exchanges like FTX and Mt. Gox, and the impending block subsidy halving.
In a recent YouTube update, Michaël van de Poppe, the founder and CEO of MN Trading, expressed his belief that the current correction in Bitcoin’s price had come to an end.
He anticipated that, leading up to the halving in April, Bitcoin would experience a climb to its long-term range highs, with the possibility of encountering liquidity in the mid to low-$30,000 range before this ascent. He speculated that there might be one more rally to reach $48,000 before a final correction.
READ MORE: Crypto Analyst Urges SEC to Rethink Licensing Requirements for Local Exchanges
Van de Poppe also posited that over time, the negative impacts of FTX, Mt. Gox, and GBTC maneuvers would diminish in significance.
He suggested that Bitcoin was likely to consolidate in the range of $37,000 to $48,000 in the coming months, during which Altcoins might gain momentum.
Furthermore, he projected that the ETF’s real impact on Bitcoin’s price would materialize in the next few years, potentially driving it to a range of $300,000 to $500,000.
However, not everyone shared the same optimism, as some analysts believed that Bitcoin could still face a potential return to $30,000 or even lower in the months ahead.
For shorter timeframes, Rekt Capital, a well-known trader and analyst, emphasized the significance of the upcoming weekly close.
He noted that Bitcoin had displayed a favorable response during the week, gradually positioning itself to reclaim the lost range.
He suggested that a weekly close above the critical level of approximately $41,300 could potentially salvage the range.
The Stellar Development Foundation (SDF) has announced a delay in the smart contract upgrade for the Stellar blockchain, with the upgrade now scheduled for the end of January.
The delay is due to the discovery of a bug in Stellar Core v20.1.0 by the SDF’s development team.
In a blog post dated January 27, the SDF explained its decision to delay the Protocol 20 vote, originally set for January 30, in order to address the bug.
While the foundation characterized the bug as posing “little risk,” it acknowledged that it had the potential to impact various applications.
The SDF reassured the community that a fix is already in progress and is expected to be available within two weeks.
However, it emphasized that the decision to proceed with the network upgrade ultimately rests with the SDF.
Non-SDF validators on the Stellar network still have the option to vote in favor of the Protocol 20 upgrade on the original date.
The SDF stated, “If validators opt to postpone the upgrade, we will coordinate to determine a future vote date once a new version of Stellar Core that contains a bug fix is released.”
Regardless of the outcome, the SDF committed to resolving the bug and engaging in discussions with other validators through both public and private channels.
READ MORE: Tesla’s Bitcoin Sales Cost Company Over $300 Million in Potential Profits
For the Protocol 20 upgrade to pass, it requires a quorum of voting validators. As of December 2023, there are 43 validator nodes, according to Stellarbeat.io.
The bug in question relates to Soroban, a smart contract platform that was introduced on a Stellar testnet in October 2022.
When a “Soroban” transaction request is made, it results in a refund and is fee-bumped. However, under the current code, the refund is not sent to the fee-bump’s source account as intended.
Tyler van der Hoeven, one of Stellar’s core developers, mentioned in a January 26 post that Protocol 20 will be rolled out in phases, but did not specify the duration of the implementation process for Soroban smart contracts on Stellar.
Stellar, one of the oldest blockchain projects, primarily focuses on payments and asset tokenization.
The token powering the Stellar blockchain, known as Stellar, currently boasts a market capitalization of $3.2 billion.
Sherman Oaks, United States, January 30th, 2024, Chainwire
Shurick Agapitov, a visionary author and the Founder of Xsolla unveiled his groundbreaking new book, “Once Upon Tomorrow,” today. This pioneering work offers a transformative and aspirational vision of the Metaverse, contrasting markedly with mainstream narratives. Agapitov’s book is a thought-provoking journey into the possibilities and potential of the Metaverse, providing a unique perspective diverging from the views often presented at industry conferences and by technology CEOs.
“In ‘Once Upon Tomorrow,’ I present a vision of the Metaverse as a vast, inclusive, and transformative space. It’s not just a digital frontier but a realm where creativity, innovation, and empowerment converge. This book is my invitation to creators, thinkers, and dreamers across the globe to join in shaping a future where technology amplifies human potential and fosters a world of limitless possibilities. The Metaverse, as I see it, is not about control or confinement but about unleashing the collective creativity and entrepreneurial spirit inherent in all of us,” said Shurick Agapitov, Founder of Xsolla and acclaimed author of “Once Upon Tomorrow.”
Once Upon Tomorrow” delves into the untapped potential of the Metaverse, highlighting its capacity to unite emerging and legacy brands, create unforgettable consumer experiences, and enrich cultures globally. Agapitov emphasizes the Metaverse’s role in democratizing opportunities and equal access to cutting-edge technologies. His vision extends beyond mere technological innovation, underscoring the Metaverse’s potential to empower and reward content creators across the globe. The book also highlights the significant impact of the Metaverse on education, offering hope and opportunities for both children and adults worldwide. Agapitov advocates for a decentralized Metaverse moving away from Silicon Valley’s dominance, placing control, profit potential, and freedom in the hands of creative communities.
“Once Upon Tomorrow” is more than just a book about the Metaverse; it’s a roadmap to a future where technology serves humanity in all its diversity, fostering financial, social, and creative inclusivity. Agapitov envisions a future where every consumer-facing industry, from fashion to healthcare and entertainment, is transformed. The book also explores the potential impact of the Metaverse on business-to-business sectors, education, city planning, inter-government relations, and non-profit efforts.
Agapitov’s insight into the evolution of technology, from the early days of Instagram and Snapchat to the future of immersive applications, is a key highlight of the book. He discusses the roles of various technology stakeholders, including internet hosting providers, website developers, cloud computing experts, infrastructure engineers, and the ongoing need for advanced networking and hardware. “Once Upon Tomorrow” is a visionary piece that invites readers to rethink the Metaverse and its limitless potential.
For additional information and to purchase please visit: onceupontomorrow.com
About Shurick Agapitov
As the founder of Xsolla, Inc., Shurick Agapitov is a highly respected innovator and advisor in gaming, Web3, Metaverse, and fintech. His trailblazing video game company integrates blockchain technology, providing developers with advanced tools and services for more effective game operations and sales. With a global presence, including offices in Los Angeles, Berlin, and Seoul, Xsolla, under Shurick’s leadership, is shaping the future of gaming and the Metaverse, fostering a more decentralized and inclusive industry.
For additional information about Shurick Agapitov please visit: themarque.com or LinkedIn.com
Contact
Director
Derrick Stembridge
Xsolla
[email protected]
919-971-7855
The Hong Kong Securities and Futures Commission (SFC) has recently received its inaugural application for a spot Bitcoin (BTC) exchange-traded fund (ETF), marking a significant development in the cryptocurrency investment landscape.
Harvest Hong Kong, one of the largest fund management firms in China, officially submitted its spot Bitcoin ETF application to the Hong Kong SFC on January 26, as reported by Tencent News.
It appears that the regulatory body is actively striving to expedite the approval process for ETFs within the nation, with the aim of launching the first Hong Kong spot Bitcoin ETF shortly after the Chinese New Year, scheduled for February 10.
In a notable parallel to the United States’ Securities and Exchange Commission (SEC), the Hong Kong regulatory authority is contemplating the approval of multiple spot ETFs to ensure a fair and competitive environment.
Although Harvest Fund is the pioneer in filing for a spot BTC ETF, it is anticipated that other financial institutions in the region will follow suit.
Several regional financial entities have already expressed their interest in introducing a spot BTC ETF in the year 2024.
As previously reported by Cointelegraph on January 19, a minimum of ten financial institutions in Hong Kong are actively engaged in the process of launching a spot BTC ETF.
READ MORE: US Regulators Issue Cautionary Crypto Warning: Beware of Overhyped AI Trading Bots
Distinguished players in the financial sector, such as Venture Smart Financial Holdings, have already set their sights on the first quarter of 2024 as their target launch date for the spot ETF.
Furthermore, several crypto-oriented firms that have previously launched futures-based crypto ETFs in Hong Kong are also expected to join the queue for spot Bitcoin ETF applications.
Notably, Samsung Asset Management, which introduced the Samsung Bitcoin Futures ETF in 2023, has expressed its willingness to explore the possibility of launching a spot ETF, demonstrating the growing appetite for cryptocurrency investment products in the region.
Hong Kong has gained prominence as a leading cryptocurrency hub in Asia, owing to its regulator’s crypto-friendly stance in 2023.
The SFC introduced crypto-specific regulations in 2023, granting both institutional and retail investors the opportunity to engage in cryptocurrency-related activities.
Even before the SEC in the United States greenlit the first spot BTC ETF, the Hong Kong SFC had paved the way for cryptocurrency-based ETFs and expressed its readiness to accept applications for the authorization of various funds, including digital asset spot ETFs and existing crypto futures ETFs.
This move has solidified Hong Kong’s position as a key player in the global crypto investment arena.
The Hong Kong Securities and Futures Commission (SFC) has issued a warning to the public regarding the potential risks associated with investment products known as the “Floki Staking Program” and the “TokenFi Staking Program,” both of which are affiliated with the Floki ecosystem.
These products are marketed as offering staking services with promised annualized returns that range from 30% to over 100%.
However, it is crucial to note that neither of these products has received authorization for public sale in Hong Kong, as emphasized by the SFC.
Staking, a process that enables users to earn rewards by contributing to the security of blockchain networks, operates similarly to depositing money into a savings account.
Through the proof-of-stake mechanism, users validate transactions, thereby enhancing the security and decentralization of the blockchain.
The SFC has expressed concerns regarding the ability of the operators of these staking programs to deliver on the promised high annualized returns.
They have not provided a convincing strategy for achieving these ambitious targets.
In response to the SFC’s warning, the Floki team addressed the issue during one of their live spaces on X, formerly known as Twitter.
READ MORE:Adani Power Share Price
They mentioned that the SFC’s primary concern appears to be that their staking programs have been exceptionally successful.
While the team did not disclose specific details of their discussions with the SFC, they did clarify that they had collaborated with a marketing agency to promote the Floki Staking Program and TokenFi Staking Program, believing they had received approval for their initiatives.
However, they could not confirm whether the marketing campaigns would continue in Hong Kong and assured their investors that they would work diligently to meet all requirements with the local authorities.
On January 26, 2024, the SFC took action by including both the Floki Staking Program and the TokenFi Staking Program, along with relevant details, on the SFC’s Suspicious Investment Products Alert List.
The SFC has advised investors to exercise caution when engaging in staking deals involving digital assets, as these may fall under unauthorized collective investment schemes, which carry significant risks and offer limited protection under the Securities and Futures Ordinance, potentially resulting in complete loss of investments.
Furthermore, the SFC has reaffirmed its commitment to enforcing regulatory standards and protecting investors from fraudulent schemes.
It has made it clear that any violations of the law, including the promotion of unlicensed collective investment schemes, will be met with appropriate legal actions to maintain the integrity of Hong Kong’s financial market.
On January 29th, Google is poised to enact a pivotal policy update that will permit certain cryptocurrency products to be promoted across major search engines.
Among these products, Bitcoin exchange-traded funds (ETFs) are emerging as potential contenders that meet the stipulated criteria, igniting considerable excitement within the cryptocurrency industry.
This significant development traces its origins back to December 2023 when Cointelegraph first reported on Google’s impending revision of its cryptocurrency and related ads policy.
Effective January 29, this revision will enable advertisements from “advertisers offering Cryptocurrency Coin Trust targeting the United States.”
Coinciding with this policy shift is the recent approval of 11 spot Bitcoin ETFs by the United States Securities and Exchange Commission (SEC) on January 10.
Investors who choose to acquire shares in these spot Bitcoin ETFs effectively secure a stake in the ETF’s Bitcoin holdings.
Importantly, this aligns perfectly with Google’s updated requirements, which specify a focus on “financial products that allow investors to trade shares in trusts holding large pools of digital currency.”
Crypto analysts are buzzing with optimism regarding the potential influx of investments into Bitcoin ETFs, buoyed by Google’s formidable transaction processing capacity in managing search requests.
Recent data from DemandSage underscores the sheer magnitude of Google’s daily search volume, which stands at an astonishing 8.55 billion searches.
Nevertheless, it’s worth noting that Google’s policy update employs the somewhat nebulous term “cryptocurrency coin trusts” when referring to the permitted products, leaving some room for interpretation.
READ MORE: Crypto Analyst Urges SEC to Rethink Licensing Requirements for Local Exchanges
Meanwhile, a noteworthy development in the cryptocurrency landscape involves the Grayscale Bitcoin Trust (GBTC), one of the largest Bitcoin trusts.
Recently, it transitioned into a spot Bitcoin ETF, following approval from the SEC on January 10.
Previously, GBTC shares were exclusively available to accredited investors and were subject to a mandatory six-month holding period.
Accredited investors, under U.S. regulatory standards, are individuals with a net worth exceeding $1 million or an annual income surpassing $200,000 for the past two years.
These requirements are designed to shield less knowledgeable investors from potentially risky ventures that could lead to financial losses.
In contrast, spot Bitcoin ETFs are accessible to the general public in the United States and are regulated under the Securities Act of 1933.
This regulatory framework adds an extra layer of security, potentially making them a safer avenue for Google to explore in its advertising efforts.
The anticipation surrounding Google’s policy update has been building since August 2021, when prominent cryptocurrency trader Michael van de Poppe expressed optimism about the potential influence of Google ads on Bitcoin-related products.
This optimism has been further fueled by the SEC’s exploration and subsequent approval of Bitcoin Futures ETFs in October 2021, signaling a growing acceptance of cryptocurrency-related investment products in the mainstream financial landscape.
The United States Commodity Futures Trading Commission (CFTC) is actively seeking insights into how regulated entities can harness artificial intelligence (AI) within their compliance endeavors and other domains.
To facilitate this pursuit, the agency has issued a request for comments, aiming to enhance its comprehension of AI’s present and potential applications and the associated risks in derivatives markets.
The feedback collected from this initiative could wield significant influence over forthcoming CFTC guidelines, interpretations, policy statements, or regulations.
The CFTC’s inquiry encompasses a wide spectrum of AI applications, spanning trading, risk management, compliance, cybersecurity, recordkeeping, data processing, analytics, and customer interactions.
In the realm of compliance, the agency has particularly spotlighted AI’s potential role in enhancing surveillance, Anti-Money Laundering (AML) efforts, and regulatory reporting functions.
Rostin Behnam, Chair of the CFTC, expressed that this request for comments (RFC) will fortify the CFTC’s strategic identification of top priorities and projects with AI applications.
It is intended to optimize their data-driven approach to shaping policies, bolstering surveillance, and enforcing regulations.
The CFTC has aligned this RFC with the directives set forth by the Biden Administration, which emphasize the safe, secure, and trustworthy development of artificial intelligence. Interested parties have until April 24, 2024, to submit their comments.
Commissioner Kristin Johnson underscored the ongoing nature of the conversation within the agency, involving multiple departments such as Market Participant, Clearing and Risk, Market Oversight, and Data divisions.
She emphasized the pivotal importance of the CFTC’s comprehension of how market participants employ AI within the derivatives markets.
READ MORE: Polygon’s Meteoric Rise: Nearly Matches Ethereum’s User Base in 2023
Importantly, the RFC solicits opinions on the appropriate definition of AI, including whether it should be broadly or narrowly defined and where the demarcation should be drawn between AI and other existing automated trading strategies.
In September 2023, CFTC Commissioner Christy Goldsmith Romero advocated for updating protective measures with technological advancements to safeguard American investors.
She underscored the potential adverse consequences if these measures were not adopted.
As part of this commitment to enhancing investor protections, Romero appointed experts in fintech, responsible artificial intelligence, cryptocurrency, blockchain, and cybersecurity to the CFTC’s Technology Advisory Committee.
Simultaneously, the CFTC has issued a warning to investors against placing excessive reliance on artificial intelligence trading bots in the pursuit of substantial cryptocurrency profits.
The agency has identified those who promise extraordinary returns through the use of bots, trade signal algorithms, crypto-asset arbitrage algorithms, and other AI-assisted technologies as potential fraudsters, cautioning investors to exercise caution in this regard.
As digital assets continue to reshape the financial landscape, 2024 promises to be a year full of innovation and opportunity in the dynamic world of cryptocurrencies. The crypto market captivates investors with the appeal of a decentralized economy, encompassing established cryptocurrencies like Bitcoin and developing altcoins. This article focuses on the technological breakthroughs, market performance, and real-world adoption of the top 10 crypto projects. It guides both experienced enthusiasts and curious novices in spotting a good crypto project in 2024.
When considering investments in the crypto market, it is clear that criteria such as market capitalization, trading volume, liquidity, use cases, tokenomics, development teams, community support, security, transparency, and performance play pivotal roles in determining the viability and potential of investments. Through studying past experiences, such as market changes and regulatory scrutiny, we have the necessary information and insight to identify good crypto projects.
Standout Crypto Projects of 2024
SmarDex
SmarDex (SDEX-USD) is a forward-thinking decentralized exchange (DEX) renowned for its focus on maximizing capital efficiency and generating substantial yields. The platform aims to surpass industry leaders like Uniswap by offering the most cost-effective token swaps in the crypto market through innovative impermanent loss reduction techniques and an open-source framework.
In the upcoming months, SmarDex will introduce a game-changing addition to its ecosystem: the USDN stablecoin. This forthcoming launch can potentially disrupt the stablecoin space significantly, propelling SmarDex toward its goal of becoming a fully decentralized DeFi ecosystem. With an intuitive interface and automated yield aggregation, SmarDex can attract substantial liquidity as market conditions evolve. Additionally, with a current market cap of $96 million, SmarDex presents significant growth opportunities as it garners attention from yield-focused DeFi enthusiasts.
HollaEx®
HollaEx®, renowned as a leading white-label exchange, stands as a beacon of unwavering dedication to blockchain software, boasting one of the lengthiest development track records from late 2016. Setting itself apart with a transparent and verifiable development track record on GitHub, this crypto software epitomizes resilience and reliability, unmatched by its peers in the white-label sphere.
The exchange empowers users to create tailored digital asset platforms that cater to diverse business needs swiftly, securely, and efficiently. Its pioneering approach to coin listing, tokenization, and strategic partnerships, including collaborations with industry giants like Amazon’s AWS, DigitalOcean, Banxa, and Intercom, firmly cements HollaEx® as the foremost choice for pioneers venturing into the cryptocurrency arena.
ICONOMI
ICONOMI is a pioneering company registered with the Financial Conduct Authority (FCA). This innovative platform bridges the gap between beginners and seasoned traders, offering an opportunity to replicate trades while gaining knowledge through the communication portal or building your cryptocurrency portfolio.
The company challenges traditional investment frameworks, aiming to elevate cryptocurrency investing to the forefront of mainstream financial markets. ICONOMI offers seamless access to multiple cryptocurrency exchanges, simplifying your investment journey. Whether you’re looking to easily manage your crypto assets or emulate the strategies of proficient traders, ICONOMI is your solution for a hassle-free investment experience.
SOURCE
SOURCE Network empowers users and developers across the globe with a fast, scaleable, and advanced Web3 platform allowing onboarding of traditional fiat into using and spending crypto with ease. SOURCE Pay and all the proprietary on-chain Dapps are being developed for the coming mass adoption of blockchain and Web3 technology.
Built on cutting-edge blockchain technology, SOURCE ensures enterprise integration and expansion, making Web3 fully accessible without requiring crypto expertise. Users, content creators, developers, and individuals worldwide stand to benefit from the robust decentralized Web3 platform. The SOURCE ecosystem promises tremendous value, including enterprise business integration into Web3 and crypto, an expansive metaverse and virtual gaming ecosystem with SOURCEWorld.io, interoperable networks, tokenization, DeFi accessibility, and the dynamic utility of the $SOURCE native network token.
Ringfence
Ringfence stands as the pioneering platform in the realm of generative artificial intelligence (AI), ensuring equitable compensation for creators whose original works (photos, images, videos, documents, and music) are utilized within AI-generated content (AIGC). Numerous creators face the unfortunate reality of lost or foregone revenue in light of the ongoing struggle among international governing bodies to effectively apply intellectual property (IP) laws to generative AI. Ringfence addresses this critical issue by providing a comprehensive solution.
For creators seeking to monetize their content, Ringfence offers a streamlined process to verify ownership and grant authorization for AI utilization of their files to create new AIGC. Furthermore, Ringfence facilitates the minting of AIGC on any Ethereum Virtual Machine (EVM)-compatible blockchain using LayerZero’s OFT standard, enabling seamless transfer of fungible tokens across multiple blockchains without necessitating asset wrapping, middlechains, or liquidity pools.
BestChange
BestChange, a cryptocurrency exchange leader with a 17-year legacy, revolutionizes Bitcoin transactions. With a steadfast commitment to security and simplicity, BestChange offers a curated directory of over 250 trusted exchangers, facilitating safe and seamless cryptocurrency exchanges such as BTC, BCH, LTC, and USDT.
The platform’s intuitive user interface caters to newcomers and experienced traders, streamlining currency conversions easily. Through features like customer reviews, exchange statistics, notifications, and a visual Currency Converter, BestChange empowers users with the knowledge and tools needed to make informed decisions in their crypto transactions. As a pioneer in secure and user-centric exchange platforms, BestChange has set the standard for excellence in the industry for over 16 years.
Flux
Flux is a pioneering force in the realm of Web3 projects in 2024, spearheading a transformative shift in cloud computing. At the forefront of this revolution is Flux Cloud, designed with a paramount focus on scalability, offering a cost-efficient alternative to industry behemoths like Google Cloud and AWS.
Leveraging blockchain technology, Flux not only decentralizes cloud infrastructure and storage but also ensures an unparalleled level of seamlessness and security for users. This groundbreaking approach is poised to challenge the status quo of traditional cloud computing leaders, positioning Flux as a standout contender to watch closely in the unfolding landscape of 2024’s technological advancements.
Streamr
Streamr is pioneering the development of the real-time data protocol for the decentralized web. They focus on creating a scalable, low-latency, and secure peer-to-peer network for efficient data delivery and exchange. As part of their vision, they are constructing The Streamr Hub, a decentralized chat application, and other decentralized applications (dApps) to support DePin projects and global tech stack decentralization efforts.
Founded by experts in real-time data with backgrounds in algorithmic trading and finance markets, Streamr combines technical proficiency with industry knowledge to drive the evolution of decentralized ecosystems. Their commitment to innovation and decentralization positions them as a leading force in reshaping the future of data transmission and decentralized technologies.
BRN Metaverse
BRN Metaverse is a project that aims to connect the metaverse with the real world using technology and a token-based ecosystem. It utilizes concepts such as AI, GameFi, GameNFT, and Web 3.0, offering innovations in these fields. BRN Metaverse offers non-fungible tokens (NFTs) such as in-game inventories, virtual economies, and play-to-earn mechanics in gaming.
BRN Metaverse also provides virtual economies where the value of in-game assets is determined by player demand, rarity, and utility. The project has its own NFT marketplace that offers an easy-to-use, fast, and cost-effective solution for creators and collectors to engage with the growing NFT ecosystem. The project believes that Metaverse has the potential to revolutionize the way we interact with each other and with technology, and it is positioned to become a leading player in the NFT marketplace.
Dracarys
Dracarys Token marks the conclusion of the era dominated by dogs and frogs within the cryptocurrency domain. Embracing the fiery essence of Dracarys, the platform embarks on a fresh journey characterized by passion and humor. Driven by a profound belief in the compelling influence of memes to engage, inspire, and unify the crypto community, the team at Dracarys Token endeavors to redefine cryptocurrency investments with their aptly named token.
Dracarys aims to inject enthusiasm and fun into the landscape of digital asset investments, signifying a pivotal shift in the realm of meme tokens where traditional contenders yield a new reign. Absent of taxes and profit motives, Dracarys derives its strength solely from its investors, eagerly anticipating the one who will stoke its flames and fortify its blaze. This is evident by its recent 19 trillion token burn, out of 20 trillion.
Bottom Line
The crypto scene in 2024 represents the coming together of advanced technology, active market conditions, and careful examination by investors. This is forging a future where digital assets play a vital role in a decentralized economy. After examining these prominent projects, considering lessons from track records, and conducting a comprehensive analysis of aspects that affect investment feasibility, we fully acknowledge the revolutionary capabilities of blockchain technology.
The pursuit of fully harnessing the capabilities of cryptocurrencies is still ongoing, prompting stakeholders to navigate towards a more robust and fair financial landscape by identifying genuine and leading crypto projects.
San Francisco, Puerto Rico, January 29th, 2024, Chainwire
The tea Protocol has announced the launch of its highly anticipated Incentivized Testnet on February 21st, 2024. The tea Protocol seamlessly bridges Web2 open-source codebases to Web3 to enhance their sustainability and provide fair rewards to open-source developers. Additionally, tea provides developers access to its incentivized community of vulnerability reporters and is cross-compatible with major package managers including Homebrew, npm, APT, Crate, PyPI, RubyGems, and pkgx.
Beginning February 21st, 2024, any open-source developer can interact with The tea Protocol and begin earning rewards for their contributions. All community members, including non-developers, will also be encouraged to access The tea Protocol via a series of incentivized activities on the blockchain.
This critical step towards the launch of the tea Protocol will allow all participants to immerse themselves into the fully composable open-source ecosystem created by the tea Protocol.
The Incentivized Testnet: A Stepping Stone to Mainnet Success
The upcoming Incentivized Testnet marks a significant step in the tea Protocol’s journey toward launching a robust Mainnet on the Base blockchain. This Testnet phase is crucial for ensuring a thriving, efficient, and secure network for all participants.
Five Key Features of the Incentivized Testnet to Explore on tea.xyz
- Waitlist Availability: The waitlist for the incentivized testnet, launching on February 21st, offers a limited opportunity for interested users.
- Insight into $TEA Tokenomics: The economic model driving the protocol is detailed, offering clarity and depth of understanding.
- Comprehensive Documentation Access: Extensive resources are available, providing a thorough understanding of the protocol.
- Insight into teaRank for Projects: Projects can ascertain their position within the open-source ecosystem and understand their eligibility for rewards.
- tea Points Accumulation: The ITN presents opportunities for both developers and non-developers to engage in challenges and quests, facilitating the accumulation of tea points.
Joining the Incentivized Testnet and exploring tea.xyz offers an opportunity to be part of a pioneering movement in open-source software. It’s a chance to engage with a forward-thinking community, understand tea’s tokenomics, and utilize the teaRank system for project visibility and rewards.
A Message from Max Howell, tea’s Visionary Founder
Max Howell, the creator of Homebrew and the driving force behind tea, expresses his enthusiasm: “The launch of the incentivized testnet for the tea Protocol is a landmark achievement for open-source developers and advocates worldwide. With the incentivized testnet, tea is not only introducing a technological marvel but also reinforcing its commitment to revitalizing the open-source community.”
About tea
tea is a trailblazing web3 protocol built on Base, the layer-2 blockchain from Coinbase. It is designed to empower open-source software developers to capture the value they create. At the heart of the tea Protocol is the Proof of Contribution algorithm, which measures the value, position, and impact of open-source software projects. Proof of Contribution assigns a dynamic “teaRank” to each project which is used by the protocol to distribute rewards. Proof of Contribution ensures that every layer of a software project, especially foundational elements, is recognized and rewarded for its contribution and promotes healthy competition amongst projects to continually improve their codebase and usage by other projects within the ecosystem.
The communi’tea invites users to explore the forefront of open-source software through its platform. Detailed information is accessible at www.tea.xyz to learn more and connect with tea on Twitter, teaForum, Discord, and Telegram for the latest updates and discussions.
Contact
Head of Marketing
Dan Mulligan
tea
[email protected]