$1.2M secured by Metropolis ahead of anticipated public CLAY offering

February 17, 2024

Metropolis secures $1.2M ahead of anticipated public CLAY offering

Metropolis has successfully closed a $1.2 million investment round. The funding round saw participation from notable investors, including Cointelegraph Accelerator, Lamina1 Ecosystem Fund, ACS, Outlier Ventures, Protocol Labs, Primal Capital, Zephyrus Capital, Cluster Capital, EthLizards, Acacia Digital, Block Consult, IBC, and multiple strategic angel investors, highlighting the strong market confidence in Metropolis’s vision for the future of commerce in the metaverse and beyond.

Founded two years ago by international siblings Rania and Rashid Ajami, Metropolis is a 360 curated ecosystem that blends unique properties, e-commerce, avatars, gaming, art & experiences that span both the digital & physical world.

MetropolisX, their most recent platform, connects users’ digital identities with tangible, exclusive products, content, and experiences from over 300 notable partners (and growing), including Steve Aoki, Elise Swopes, Bryan Brinkman, Mad Global, and Unstoppable Domains. The platform champions the “build with us and take anywhere” philosophy, transforming simple PFPs into fully interoperable avatars for use across games, virtual worlds, AR/VR, social media, and more, bridging the gap between digital identities and expansive virtual experiences. “We are delighted to achieve this significant initial pre-seed raise for our token,” says Rashid Ajami. “With a roadmap that includes over two years of weekly exclusive drops on Metropolis X, featuring collaborations with leading brands and creators, we’re prepared for significant growth. This partnership roster positions us uniquely in both the Web3 space and the expansive Web2 market, reaching an audience of over 300 million.”

At the heart of MetropolisX is a collaboration marketplace where creators can monetize and launch personalized products and where their fans can have a more immersive connection and access exclusive products, content & experiences. This unique approach combines digital and physical identity, gaming, and immersive experiences. “We are entering a new wave where digital identity is as important as your physical one. This has led us to build a groundbreaking avatar marketplace that easily onboards Web2 audiences while using blockchain technology,” says Rania Ajami.

The platform allows users to craft their identity using diverse brand and creator IPs, combining elements like a Slime Sunday hoodie, a Sneakerheads background, and a Pet Liger accessory in a single avatar,” says Rania Ajami. “This more truly reflects the real world and the aspirations of our user base.”

Details of Metropolis’s upcoming public token sale will be announced soon, including a community gamified airdrop, retail-focused pre-sale, and launchpad round. Further info will be released via an interactive white paper, which will include tokenomics, ecosystem partners, and a product development roadmap.

MetropolisX making waves for Creator Content using Polygon

Jill Godsil

January 25, 2024

Metropolis is integrating its marketplace platform onto Polygon PoS. The Metropolis collab marketplace, MetropolisX, is a new generation commerce platform where consumers can shop for exclusive content, products and experiences using their digital identity.

Metropolis’ White Label solution will offer their exclusive services to brands and companies building on Polygon PoS.

Founded two years ago by international siblings Rania and Rashid Ajami, MetropolisX is now home to more than 300 high profile partners including Steve Aoki, Christian Cowan, Yung Gravy, RAC, Elise Swopes. Together these brands have a cumulative reach of more than 300 million people.

The launch is celebrated by a major giveaway for one of a limited edition Assouman eyewear piece from designer Adrian Muller. These eyepieces are the first digi-physical offering on Metropolis. Visitors can purchase (or one lucky visitor will win) NFT wearables that can be redeemed for the physical item.

Only 300 Assouman eyepieces were ever crafted and feature Japanese titanium frames, custom UV protection and scratch resistant glass. These glasses, inspired by geometry Adrian uses in architecture, fit perfectly with the shapely design of Polygon’s Metropolis collection.

Metropolis is launching a free to mint Polygon avatar collection specially for the Polygon ecosystem, designed with a futuristic flair that would feel at home in the digital AND physical worlds.

Rania Ajami, co founder and CEO of Metropolis, believes the Polygon PoS blockchain will offer a more seamless experience for visitors and creators to the MetropolisX marketplace.

“Polygon is well known for its speed of transactions and low fees which will allow our artists and brands to drop collections for easy minting and purchase. This collection with Adrian Muller is a first where we combine physical with digital – and one lucky person will actually win one of the exclusive eye pieces,” says Ajami.

“The MetropolisX marketplace is much more than a simple NFT platform. We have curated the best of art and design. The brands bring their huge communities and in return, their fans and supporters can enjoy interacting with their artists in immersive and collaborative ways. Already we have launched many successful projects – the only limit is imagination. Our goal is to have a marketplace where no one knows they are using the blockchain,” she says.

MetropolisX began as a world-class avatar builder meets commerce platform and is onboarding Web2 audiences with easy social logins.

“And we are doing this first through the avatarization of visitors where the borders between physical and digital assets are blurred,” says Ajami.

“We are excited to work with Metropolis which is bringing both Web2 and Web3 creators and audiences onto Polygon PoS. And we are delighted with the curation and onboarding of such leading artists, musicians and fashion designers into the ecosystem.” said by Kendre Rodriguez, NorthAM Business Development, Polygon Labs.

MetropolisX compares its avatar building excellence to AAA games. It is targeting games that want to commercialize inworld assets through gamified commerce. It is looking to fashion and beauty brands that want to appeal to younger audiences through immersive experiences. Also targeted are media houses who wish to revitalize existing intellectual property and unlock new revenues.

“Anyone or brand that has a community, needs to service them online. From music to art to sports – people will want to experience their passions online as well as offline.”

Unlike other metaverses, the team behind Metropolis have worked hard to deliver utility to both brands and visitors with many reasons for visitors to return to the platform. The cumulative reach of the partners is in excess of 300 million and enjoy weekly activations and drops.

Making a Reputational Score for Flare

Jill Godsil

January 10, 2024

A group of young Serbians came together in 2016. They shared a love of blockchain, all were self confessed nerds and they enjoyed working together. They wanted to stay working together and they wanted to bring Web3 (although it was yet to be named that) to the masses. In 2018, they formalized that relationship and formed Bloxico. Bloxico is developing Reputation Score on Flare.

Dusan Vukadinovic, product manager of Bloxico & Reputation Score, explains that he is proud to be Serbian; for such a small country they enjoy a deep tech reputation.

“I reckon that most major Web3 projects have a Serbian employee.”

As they formalized the company in 2018, they found more work came to their door, employee numbers grew and soon wanted to build their own project, not just provide IT services.

“We wanted to build a tool that would make people happy to use blockchain and to narrow the divide between groundbreaking innovations and practical usability.”

The company began as a small team of six people. Today, it employs more than 30 people full time and moreover employs a further 40 people on a part time basis as and when projects demand extra hands on deck.

The origins of Reputation Score were based on a real need for a rating system to reduce barriers to entry for the ever-complex world of blockchain infrastructure and dapps.

“As we worked on different ecosystems, protocols, DAOs and even assets, we were always searching for partners, entities, validators and oracles that can be trusted.

“We often asked ourselves – can we trust this individual or entity? Or what kind of risk might be associated in working with them? And we’re nerds so we looked at the idea of rating. Our CEO Nenad Tanaskovic has 40 years’ experience and steered us towards the rating systems set up by traditional fintech companies such as Bloomberg or Reuters.”

For Vukadinovic the concept of constructing a rating in Web3 made a lot of sense. Despite the absence of existing models, blockchain would provide transparency required.

“It’s weird to think a rating system had not been established before. There is a lack of regulation for sure, but the possible implementation of such a rating system could easily be done and ratified.”

Vukadinovic and the rest of the Reputation Score team set to work. They had just met with Flare who expressed similar ideas – based on creating trust and decentralized reputation ratings as a means to encourage more onboarding of users in a safer way.

Building Reputation Score for the Flare ecosystem, which is an EVM blockchain, meant the team uses Solidity for writing smart contracts, Typescript for the backend and React for the frontend.

For Vukadinovic, the resulting rating system is interesting.

“People and entities are gauged by their activities and the rating reflects that – so I may prefer to work with someone or something who does more of what I consider important, rather than more generic interactions.”

For someone to access the system they need to use their EVM address and a decentralized ID. The users create their decentralized identity on the reputational score platform so they can interact with the system.

“Everything is transparent, even down to how each decentralized identity votes. Currently we base the rating on an algorithm and that will be updated over time.

“Also, if you are a service provider, a validator, partner or an oracle then you get additional points.”

Vukadinovic points out that it is a numbers game.

“If there are only two people involved then it’s easy to be scammed – but if there are millions of people using it then scamming becomes impossible. Each parameter contributing to the reputation score is derived from activities associated with an address on the blockchain. Consequently, the susceptibility of the reputation score product to scams is directly proportional to the vulnerability of the underlying protocol – it relies on the blockchain decentralization paradigm..”

Users set up their decentralized ID and get their NFT – they pay a small fee for this.

“It’s negligible to be honest and each transaction and vote also incurs a tiny fee; this is because we want the system to be completely decentralized. In time, we also want to build a DAO so that people with more reputation can vote on the governance of the tool.

“The dream is that even if I die, even if the entire team dies, the platform will work by itself.”

Work began two months ago and Reputation Score is close to launch.

“Some testing is still planned before we go to market. We are all very excited about this.”

The changing world of Crypto Options – as explained by TYR Capital CIO

Jill Godsil

September 15, 2023

Ed Hindi’s financial career began in commodity trading, and more precisely in oil and energy commodities. He and his team began in the banking industry in the early 2000s before moving into the high frequency trading world.

“We managed the arbitrage desk and market making desk of a very big oil producer based in the US but then moved back into the proprietary trading world in 2013, before including digital assets in that mix by 2016.

“By 2018, we decided to work exclusively in crypto and in 2019 launched the TYR hedge fund, opening up the fund to outside money.”

As Hindi explains, his team has a deep background in trading across diverse backgrounds.

“We used that experience and knowledge to open one of the first institutional hedge funds in crypto.”

Initially, what attracted Hindi and his team was the pure and unadulterated alpha generation opportunities in crypto.

“It wasn’t the asset class itself, it was all about making money originally and its usefulness as a diversifier in a portfolio. But over time, we began to see its value in wealth protection and specifically for developing countries looking to move and save money. We could see its non sovereign nature and moved from being traditional neutral finance guys to understand the wider values of crypto and now we are big proponents of it.”

Hindi recognizes the biggest challenges for crypto is the lack of a clear infrastructure and regulation.

“There is no regulator to oversee all the crypto exchanges, coupled with a lack of a prime broker with a big balance sheet, and it makes it more difficult. We are very disciplined but these are challenges.”

Since FTX collapsed, overall volume in crypto has also diminished, in some parts crypto volume is down 90% on their 2021 peak.

“We are going through a tough period right now – with the one good development being the growth in the options market. It is developing slowly but we do see options as the future of alpha generation. Currently, the biggest issue surrounding options is that it is concentrated in just one player, Deribit, so that 90% of all options flow into the one exchange.

“Now, we’ve worked with them and they are great. We know them personally and they’ve done an awesome job. However, no trader wants a single counterparty on the other side in case of significant market moves.

“Who is to guarantee you if Bitcoin drops to 5k in the coming three hours or moves up to 100k. When you are trading options, you really need to call weighting risk, to make sure whoever you are trading with – whether an OTC desk or exchange – has got a big balance sheet. That doesn’t currently exist in crypto.”

Despite the downsides – notably a lack of infrastructure and brokers with large balance sheets – Hindi and his team are believers in crypto. At a minimum they see it as a diversifier in a portfolio to protect assets in the potential collapse of the standard financial system – as almost happened in 2008.

“In my opinion, and in the opinion of a lot of portfolio managers, that anywhere from between 3% and 10% of assets should be held in crypto as a protection against the traditional financial system rails.

“In addition, a longer term view would say that philosophically there are enough reasons from geopolitical issues to sovereign decision making in different countries to make bitcoin an attractive, non-sovereign, totally non-inflatable currency.

“In terms of wealth preservation, having at least 2% of Bitcoin in your portfolio would not only increase your prime numbers but also decrease your risk. We believe that holding Bitcoin for anyone, professional or individual, is an interesting value proposition. Numbers don’t lie, you know.”

Last week, another possibility emerged in the crypto option world, with the launch of Bumper, a decentralized (DeFi) finance protocol.

Bumper’s innovation is the culmination of a three-year research and development programme, backed by $20m in early funding, and collaboration with the Swiss Center for Cryptoeconomics, known for work on Synthetix, and coded by renowned developers Digital Mob, who previously worked on protocols such as Barnbridge, Gnosis and Filecoin.

Bumper’s Co-founder and CEO, Jonathan DeCarteret, says “Bumper removes the downside volatility of a user’s crypto tokens, paving the way for them to take leveraged positions with zero-liquidation risk. That in itself is a major breakthrough, but when you consider it’s on average 30% cheaper than the market leader, the value proposition becomes crystal clear.”

The protocol charges a premium which is calculated incrementally during the term, based on a combination of market conditions, protocol rebalancing and proximity to the user’s floor. This generates real yields for liquidity providers who realise returns ranging between 3-18% APR on average without the need to sell option contracts.

Until now, the methodology for calculating the price for hedging risk relied on the fifty-year-old Black-Scholes model, which has fuelled the $13 trillion options market.

“Fifty years is a long time in tech and although Bumper uses completely different inputs and a novel rebalancing mechanism, it is surprisingly correlated with Black-Scholes, but more efficient, even under the most volatile of market conditions.” said DeCarteret.

Hiring in a Web3 GenZ World

Jill Godsil

July 20, 2023

It pays to understand the people behind the company, in this case Matthew de la Hey, co-founder of inploi, in order to understand the corporate ethos of the company.

Coming from South Africa he understood first-hand the unfairness of life and wanted to make a difference.

“South Africa is a very complicated place, as well as a very beautiful place, with one of the most unequal societies in the world. Growing up there and being exposed to its inequalities instilled in me a strong sense of social justice.

“I think if we are to survive as a society, we need to address how capitalism works. Capitalism needs to adapt, and we need to level the playing field and create opportunity for all.”

Part of that vision led de la Hey into becoming a council member of the Council for Inclusive Capitalism last year. He sees capitalism as being an extraordinary economic system for growth and innovation but this vehicle needs to be harnessed for everyone, otherwise society will buckle under its own weight and the inequality it produces.

“We need to build more equal, more productive, happier, healthier societies, rather than a race to bottom where some people get very rich and a lot of people have nothing. We need a more inclusive, more sustainable approach, that considers all stakeholders and upholds a social contract”.

de la Hey is also a sometime poet and during lockdown he set-up Ozymandeus, a literary platform publishing submissions of creative writing from everyone. He is self-deprecating and says this Covid project was really only a cover for him to publish some of his own poetry.

His own career trajectory was to win a scholarship to Oxford after studying accountancy as an undergraduate where he did a Master’s of Science in African Studies followed by a Masters of Business Administration. The irony of moving to the UK to study Africa is not lost on him. Looking for summer work whilst couch surfing between his degrees, he found that it was very difficult to find and apply for jobs using the internet. Together with friend Alex Hanson-Smith who’d had shared experiences, and still couch surfing, they decided to really evaluate why online hiring methods were not working, for job seekers or for companiesd.. That was in 2016 and they both decided this was more than a problem, it was a business opportunity.

Some have called ~~sometimes call~~ iInploi – Shopify for hiring, with its front-end solution – and Software with a Service approach – providing a new shop front to enterprise hiring. Rather than trying to disrupt the HR tech sector, they have set out to harmonize it. iInploi began life as a software marketplace for hiring, modelled on the platform Linkedin. Over time and during Covid, they realized that the user experience for the candidates was just not working.

“The Covid pandemic could have been the end of us” said de la Hey. “But we made it through, and part of the lockdown experience was the realization that so called ‘low skilled’ workers are in fact essential. Coming out of the pandemic the labour market has been historically tight, and companies did not have the technology or the expertise to navigate that. Fortunately, we’d spent the last few years developing those things.”

Realising that a big part of the problem companies face comes down to outdated talent attraction technologies – especially ineffective for reaching ~~milenial~~millennial and GenZ audiences- inploi moved from building a marketplace to creating a Software as a Service (SaaS) platform for large employers. inploi integrates with existing back-end systems to transform the way companies reach candidates and convert them into hireable applicants.

The brands working with iInploi are companies such as the Compass Group, Butlins, Wagamama and Haven.

“We’ve done a lot of work optimising traditionally clunky application flows: hard to navigate, opening in multiple tabs, not working from a mobile phone, asking for CVs to be uploaded where they’re not needed – I could go on and on. The candidate experience is frequently awful. How and where companies advertise their jobs is often just as backward. inploi fixes this, streamlining everything from where how candidates are attracted with a focus on conversion all the way through the talent funnel – from first contact with a job seeker to the point of hire – built on our own industry-leading tracking and analytics infrastructure.

Back in 2016, the company raised seed funding to build the first MVP. This year they have secured £1.35 million to accelerate their growth. The funds will be spent on growing the professional sales function, investing in marketing and to continue product development. Currently the majority of the clients are headquartered in the UK but they are expanding, with big clients such as the A.S.Watson Group, into Hong Kong, the Netherlands, Italy and Switzerland.

“We are a technology company and so we’ll always be building. The market moves so fast and we’re committed to staying at the forefront of that, supporting our blue-chip clients. There is always room for innovation.”

BloFin Sponsors TOKEN2049 Dubai and Celebrates the SideEvent: WhalesNight AfterParty 2024

Chainwire

April 26, 2024

Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands MH 96960, MH 96960, April 26th, 2024, Chainwire

A Glittering Moment: BloFin Shines at TOKEN2049

BloFin, a fastest-growing exchange platform, proudly announces its platinum sponsorship of TOKEN2049 Dubai and its exclusive SideEvent: WhalesNight AfterParty 2024. Following our previous role as the Gold Sponsor at TOKEN2049 Singapore, the BloFin team, now the Platinum Sponsor of TOKEN2049, continues to shine on this stage with its enthusiasm and original dedication to contributing to the cryptocurrency industry.

BloFin successfully sponsored TOKEN2049 Dubai, which witnessed an extraordinary gathering of industry leaders, enthusiasts, KOLs, and innovators. Blofin’s participation in this prestigious event not only reaffirmed its commitment to fostering innovation within the blockchain ecosystem but also demonstrated its dedication to driving industry development forward.

An Unforgettable Night: WhalesNight AfterParty 2024

As part of the conference, BloFin hosted the highly anticipated WhalesNight AfterParty 2024, promising an unforgettable evening of networking and celebration.

Gratitude in Spotlight: Heartfelt Thanks to Valued Partners and Media

BloFin extends its gratitude to its esteemed media partners, including U.Today, BeInCrypto, CoinTelegraph MENA, Crypto.news and Chainwire, whose support has been instrumental in promoting this event. Additionally, BloFin appreciates the steadfast support and participation of its significant partners, KOLs, and attendees.

The Dubai Whales Night offers the BloFin team a valuable opportunity to meet with users and friends.

Matt, CEO of BloFin, shared his insights and expressed his excitement at the WhalesNight AfterParty. He stated “We understand the importance of trust. We will continue to provide our users with safe, reliable, and fast services.”

As we continue to expand our reach and enhance our offerings, Blofin remains steadfast in its mission to empower individuals and institutions to unlock the full potential of blockchain technology.

About BloFin:

As the fastest-growing crypto exchange, BloFin offers premium perps & futures trading services with over 320 USDT-M trading pairs and 100X trading volume. Now, it provides more high-quality products including spot trading, copy trading, earning, API access, and more. Ensuring utmost user fund security, BloFin has partnered with Fireblocks to safeguard users’ assets.

Contact

Head of Marketing and Public Relations
Annio Wu
BloFin
annio@blofin.io

Slothana Presale Hits $15M and Enters Final Stage Amid Growing Industry Interest

Chainwire

April 26, 2024

London, United Kingdom, April 26th, 2024, Chainwire

The Slothana (SLOTH) presale has raised over $15 million in funding and is entering its final stage, with two days remaining before the token lists on decentralized exchanges (DEXs).

Slothana was able to hit this milestone after initially raising $2.5 Million is 72 hours, followed by a cumulative raise of $12.5 in less than a month. This puts the total funds raised at the $15 Million mark.

Through a social media campaign featuring sloth memes on its official Twitter account, Slothana has built up an impressive following of over 25,000 people and have seen some of its recent posts been viewed by over 240,000 users, liked by over 1,000 people and commented over 600 times.

This ties in with the recent Solana-based memecoin trend the crypto industry is observing as of late, with projects like SLERF, BOBAOPPA, BOME and others that recently hit the center stage with their innovative fund raising techniques.

Slothana’s presale success is also evidenced by its #2 ranking on the popular ICO listing platform ICOBench.com which curates most of the active fund raising ICOs. The community has been creating articles on platform such as Binance Square, Reddit and CoinMarketCap Community. to express their support of the project. In addition, 130,000 subscribers channel “Crypto Gains” released a Slothana video hitting over 3,000 views, 50 comments and 150 likes in just over 24 hours.

This is all an integrated marketing campaign that the Slothana team is executing, coupled with a community engagement and gamification campaign to help expand the project’s digital footprint.

What is SLOTH Token ?

Slothana is the latest sloth-themed meme coin, following in the footsteps of similar tokens recently launched. Purely meme-focused, SLOTH doesn’t offer any real-world use case or utility. Instead, it taps into the idea of escaping the “9-5 grind” – as evidenced by the project’s branding.

Together with the simple project structure, another reason for its popularity is that Slothana is arriving on the scene at a pivotal moment for Solana’s meme coin space. This sector has multiplied in recent months, with its total market cap now exceeding $7.4 billion.

The frequent update given by the team through its X account and the quick reaction to the Solana Network congestion is also seen as one of the main drivers of the growing trust of the community towards the Slothana Meme project.

Slothana has a unique fund raising mechanism, as previously outlined in a press release, in which interested users send out $SOL and receive an airdrop of $SLOTH to a designated wallet. Users are encouraged to follow the specific instructions and not to use centralized exchanges to make sure the funds will not be lost.

About Slothana

Slothana (SLOTH) is a meme cryptocurrency project launched on the Solana blockchain. It has no utility or use case and is purely a community-driven meme coin inspired by sloth culture. The SLOTH token is in the final stage of the presale and has raised over $15 million in funding so far.

Users can visit the Slothana presale here.

Slothana 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. Investing in cryptocurrencies is volatile and dangerous.

Contact

Slothana
contact@slothana.com

Web3 and Decentralized Finance: Transforming Traditional Finance

Block Telegraph Staff

April 26, 2024

Web3 and Decentralized Finance: Transforming Traditional Finance

Exploring the frontier of Web3, we’ve gathered five transformative use cases from Co-Founders and finance experts that challenge the status quo of the financial industry. From the democratization of investment decisions through DAOs to the potential risks Web3 poses to traditional financial regulation, these thought leaders provide a glimpse into the future of decentralized finance.

DAOs: Democratizing Investment Decisions
DeFi: Emerging Tech Challenges Intermediaries
Uncollateralized Lending: Empowering the Unbanked
Fractional Ownership: Accessible High-Value Investing
Web3: Risks in Traditional Financial Regulation

DAOs: Democratizing Investment Decisions

One transformative use case of Web3 in the realm of decentralized finance (DeFi) is the development and adoption of decentralized autonomous organizations (DAOs) for managing and distributing capital in investment funds. Unlike traditional investment structures, which are heavily centralized with decision-making powers residing with a select few managers or board members, DAOs distribute governance across a network of stakeholders who use tokens to vote on key decisions such as fund allocation, investment choices, and strategic direction.

Imagine a scenario where, instead of a traditional venture capital or private equity fund managed by a firm, you have a decentralized fund where all token holders can propose and vote on potential investments.

Each stakeholder has a say proportional to their token holdings, and decisions are made based on collective agreement rather than top-down directives. This democratizes investment opportunities and potentially lowers barriers to entry, allowing a wider range of individuals to participate in ventures that were traditionally limited to wealthy individuals or institutional investors.

Niclas Schlopsna
Managing Consultant and CEO, spectup

DeFi: Emerging Tech Challenges Intermediaries

In today’s rapidly innovating world, it’s no surprise that blockchain technology is gradually creeping into our everyday lives. One such advancement in blockchain has allowed us to get acquainted with Web3.

Although it is in its initial phase and still in its infancy, it promises to dramatically change the experience of being online, just as PCs and smartphones did. In layman’s terms, Web3 offers a read/write/own version of the web, in which users have a financial stake in and more control over the web communities they belong to.

Talking more in detail about Decentralized Finance, or DeFi, it uses emerging technology to remove third parties and centralized institutions from financial transactions, making it easier and cheaper by removing the “middle man.”

There are many challenges to this, especially since this is still a fairly new and unregulated market; it is prone to many security risks. Since the technology is still in its introductory stage, I would imagine that a few years down the line, with perhaps a more robust security system and worldwide recognition, it could definitely set out to fulfill the promise it has made.

Bilal Lakhani
Senior Finance Analyst, Multimatic

Uncollateralized Lending: Empowering the Unbanked

One game-changer is uncollateralized lending. The idea is to borrow funds without putting up any assets—that’s the power of DeFi protocols. This cuts out traditional banks to empower those who lack the collateral for loans. It challenges the status quo by democratizing access to finance. Traditional banks will need to adapt and offer more competitive rates and services to stay relevant.

Syed Balkhi
Co-Founder, WPBeginner

Fractional Ownership: Accessible High-Value Investing

One transformative use case of Web3 in the realm of decentralized finance is the growing popularity of fractional ownership of real-world assets. Investing in certain assets that have high value generally requires significant capital.

So, the situation is ideal only for high-net-worth individuals or organizations. DeFi, through Web3 technology, makes it possible for you to tokenize real-world assets. This means creating digital tokens on a blockchain that represent ownership fractions of a physical asset.

It promotes accessibility, as tokenization allows anyone to invest in real-world assets with negligible capital. This makes it easier for people or organizations to invest in or acquire high-value assets, demolishing the idea that opportunities are open to a select few with high capital.

Jared Atchison
Co-Founder, WPForms

Web3: Risks in Traditional Financial Regulation

As a mortgage broker, I can’t help but look at the risks that Web3 presents to the finance industry. DeFi is still in its infancy as a concept and industry, but its relationship with traditional finance systems won’t be a smooth one—in my opinion.

If you work in finance, you’ll know how regulated the industry is. With our lending cases, there’s a huge amount of red tape: tick box after tick box of anti-money laundering, fraud, and financial crime checks. And this is a good thing.

But Web3 could be a threat to that, simply because of how much freedom it gives to creators on the internet—everyday users need to be protected, especially when it comes to their finances, so I envision a patchy relationship between Web3 and traditional and mainstream financial institutions, such as the mortgage lending space.

Luther Yeates
Head of Mortgages, UK Expat Mortgage

6 Successful Strategies for Navigating Volatility in Digital Currencies

Block Telegraph Staff

April 26, 2024

6 Successful Strategies for Navigating Volatility in Digital Currencies

In the ever-fluctuating world of digital currencies, we’ve gathered six strategies from CEOs and finance experts to guide you through the turbulence. From controlling emotions and conducting thorough research to diversifying and implementing risk-management techniques, these leaders reveal how they align their strategies with their financial objectives.

Control Emotions and Conduct Thorough Research
Maintain Portfolio Stability with Yield Strategies
Spread Bets Across Multiple Digital Assets
Invest Regularly Regardless of Market Price
Dollar-Cost Averaging for Long-Term Investment
Diversify and Implement Risk-Management Techniques

Control Emotions and Conduct Thorough Research

My strategy is rooted in a simple yet profound principle: control your emotions. I advise approaching the crypto markets with a cool head and an unwavering commitment to thorough research and due diligence.

Meticulously study the fundamentals, the technology, the team, and the real-world applications. Scrutinize white papers, seeking the true value proposition beneath the glossy veneers of hype.

Also, you have to really just embrace the inherent volatility of this space, recognizing it not as a foe to be conquered, but as an ally that presents opportunities for those with the fortitude to seize them.

Jason Smit
CEO, Contentellect

Maintain Portfolio Stability with Yield Strategies

I have been in the crypto space for seven years now and have weathered the storm of this latest bloodbath in the markets fairly well. It helps that a lot of my buys were in the bear market because my overall portfolio is still up about 75%.

The best way to weather the volatility in digital currencies is by not going too deep on the risk curve and keeping an adequate amount of USDC or stablecoins in your portfolio. Right now, with L2s like Blast existing, keeping USDC is actually extremely profitable because you get approximately a 13% yield for just holding USDC in your wallet.

I do have meme coin exposure, but I keep this as a very small portion of my portfolio. Exposure to meme coins and very high-risk assets is about 1%. Stability has been found by keeping most of my portfolio in ETH or USDC and having it earn yield over on Blast.

Cameron Allen
Founder, Tech Sales, Investor

Spread Bets Across Multiple Digital Assets

As a Business Development Director deeply involved in forex and trading tech, I’ve learned a ton about the ups and downs of digital currencies. A key tactic I’ve used to stay ahead is spreading my bets across various digital currencies and assets.

This way, I don’t have all my eggs in one basket, which really helps soften the blow when any particular cryptocurrency takes a hit. This strategy has been a solid way to keep on track with my financial goals, even when the digital currency market gets wild. It’s helped me grow my investments steadily without taking on too much risk, making sure I can capitalize on market trends while staying safeguarded against sudden changes.

Ace Zhuo
Business Development Director (Sales and Marketing), Tech & Finance Expert, Cheap Forex VPS

Invest Regularly Regardless of Market Price

One useful technique that I have applied to my investments in digital currencies is investing in small amounts on a regular basis, disregarding the current price. Instead of trying to figure out the best time to buy or sell, I just have a certain amount of money I put aside every month to buy cryptocurrencies.

This prevents me from being overly influenced by the rapid price movements. I can use high and low prices to my advantage in the long run. Through this method, I can save myself from the anxiety of missing the right market timing and also gradually increase my investment without putting all of my money at risk at once.

Gavon Burkdull
CEO and Co-Founder, Zestain

Dollar-Cost Averaging for Long-Term Investment

One strategy I found effective is Dollar-Cost Averaging (DCA). Here’s why:

DCA means: Investing a fixed amount of money into a chosen cryptocurrency at regular intervals (e.g., $100 every week), regardless of the price.

How it reduces risk: By buying consistently over time, you average out your purchase price. This means you buy more of the asset when the price is low and less when it’s high, smoothing out the impact of volatility.

How DCA Can Fit Into Financial Goals:

Long-term investors: If you believe in the long-term potential of a cryptocurrency, DCA reduces the stress of short-term volatility and emphasizes building your position over time.

Risk mitigation: DCA provides a safer approach than investing large lump sums, especially if the asset is volatile.

Building wealth gradually: DCA fosters consistent saving and investing habits, suitable for those building their cryptocurrency position alongside other financial goals.

Rohit Rathore
Digital Marketing Manager, Canopus Infosystems

Diversify and Implement Risk-Management Techniques

One effective strategy in navigating the volatility of digital currencies is diversification. By diversifying our investment portfolio across various digital assets with different risk profiles, we can spread risk and minimize the impact of volatility on overall returns.

Additionally, implementing risk-management techniques such as setting stop-loss orders and regularly rebalancing our portfolio helps mitigate potential losses during periods of extreme volatility.

This approach has contributed to our financial goals by providing exposure to the potential upside of digital currencies while also protecting against downside risk, ultimately enhancing our overall financial resilience and performance as a Chief Financial Officer.

Rose Jimenez
Chief Finance Officer, Culture.org

The Latecomer’s Guide to Cryptocurrency – Block Telegraph

MeWe Launches a Community Invest Round via WeFunder

Chainwire

April 26, 2024

Venice, United States, April 26th, 2024, Chainwire

MeWe a Social Network With more than 780,000 Active Users on the Polkadot Blockchain Opens Community Investment Round to Allow Users to Own a Financial Stake in Company

By migrating its 20 million+ registered users to the ‘Social Web,’ aka Web3, MeWe is elevating user control and privacy like never before.

MeWe, one of the world’s largest decentralized social networks built on Polkadot, has opened a Regulation CF (Reg-CF) community investment round on Wefunder to its community of over 20 million users. Through Wefunder, the leading platform in the Reg-CF space, individual investors can invest directly in startup companies. Now, MeWe users can own a stake in the company’s success, starting at just $100.

With over 20 million users across 200 countries and territories, and over 740,000 already active on the blockchain, MeWe is looking to pioneer the move from Web2 to Web3 at scale by combining the tremendous market potential of social networks with the sizable volume of Web3 transactions – an estimated $1T opportunity.

MeWe expects to have more than 1.5 million users on-chain by Q4 2024. The migration is intended to offer users unprecedented privacy, control, and ownership of their digital identities and social experiences.

“We’ve opened a community investment round on Wefunder to take user-ownership to the next level,” said MeWe Chairman and CEO Jeffrey Edell. “Years ago, we envisioned a powerful alternative to Big Tech social media, without the influence of corporations or data brokers, where individuals could own and control their own digital identities and social experiences. As we enter this next chapter, we’re offering our users an opportunity to own a personal stake in the future of MeWe and decentralized social media.”

MeWe’s team is led by pioneering executives from Disney, Apple, Yahoo!, 21st Century Fox, Myspace, Warner Bros and Samsung. The company previously closed a $24 million Series A round in February 2022 led by McCourt Global.

Anyone can invest in MeWe from $100 and up to $500,000+ at https://wefunder.com/mewe.

About MeWe

MeWe is a social network built to put privacy first and committed to giving users more control over their data and social media experience. The company offers a groundbreaking “Privacy Bill of Rights” which guarantees users control of their data and news feeds. MeWe allows users to join groups, engage their friends, and puts them in complete control without ads or algorithms. With more than 20-million users worldwide, and unique features such as the MeWe 2-way camera and voice & video messaging, MeWe is host to over 700,000 user-driven interest groups.

MeWe was shortlisted as a Finalist in the 2024 SXSW Innovation Awards, a 2020 Most Innovative Social Media Company by Fast Company and a 2019 Best Entrepreneurial Company in America by Entrepreneur Magazine. In 2016, MeWe was honored as Start-Up of the Year Finalist for “Innovative World Technology” at SXSW.

Contact

SVP, Marketing
Michael Huntsman
MeWe
michael@mewe.com
4156960098

NATIX, the AI Camera & Drivers-Powered DePIN, Secures $9.6M in Funding

Chainwire

April 25, 2024

Hamburg, Germany, April 25th, 2024, Chainwire

With the latest $4.6M Strategic Round led by Borderless Capital, NATIX is set to transform driver-led data collection and driver applications with innovative web3 incentives

NATIX Network, an AI-based platform that utilizes edge computing to collect real-time geospatial data, has successfully secured $4.6 million in a strategic funding round led by Borderless Capital and co-led by Tioga Capital, completing an aggregate funding of $9.6 million. Additional investors include Escape Velocity, Big Brain, WAGMI Ventures, Inception Capital, Laser Digital, IOTEX, Moonrock Capital, Cogitent, Room 40 ventures, Veris Ventures, Future Money Group, iAngles, Gracy Chen (Managing Director at Bitget), James Parillo (General Partner at Figment), Paul Taylor (Web3 Partner at Blackrock), Vijay Pravin Maharajan (CEO at bitsCrunch), and Crypto Banter.

Big tech companies have created centralized monopolies that limit access and hinder innovation in map data. By empowering individuals through Decentralized Physical Infrastructure Networks (DePINs), NATIX is driving innovation in the geospatial analytics market projected to exceed $200B by 2033.

Highlighted as one of the fastest-growing DePINs globally in Messari’s state of DePIN 2023 report, NATIX has attracted in one year over 92,000 registered drivers who have covered more than 28 million kilometers. The user-friendly design of NATIX allows anyone with a smartphone to participate without requiring special hardware. The data collected by NATIX is invaluable for urban areas, mobility firms, and the autonomous driving industry, helping them optimize operations and effectively enhance infrastructure.

NATIX’s flagship product, “Drive&,” leverages smartphone cameras and driver assistant apps such as dashcams and navigation, combined with innovative incentive mechanisms and privacy-respecting computer vision AI, to crowdsource real-time data. NATIX is set to launch its native token on Solana in Q2 of 2024 to enable new monetization avenues for drivers and in-platform governance.

“It’s great to see NATIX gaining momentum, which reflects the strong market confidence in our vision. We are committed to accessibility, allowing anyone with a vehicle and smartphone to make meaningful contributions to their urban environment,” said Alireza Ghods, NATIX’s CEO and co-founder. “Looking ahead, collaborating with leading high-performance networks like Solana and Peaq is crucial for advancing our mission.”

“NATIX is emerging as a leader in commodity DePIN, establishing a benchmark for how incentivized models can effectively operate at scale,” said Alvaro Gracia, Partner at Borderless Capital. “We’re impressed by NATIX’s innovative use of smartphone cameras and AI-accelerated chips to build a network for crowdsourced geospatial data. Not only does it enhance scalability and simplify user onboarding, but makes it easier to provide users with significant rewards and perks, boosting engagement throughout. This lays the groundwork for future innovative models in the industry.”

NATIX plans to launch its native token $NATIX on Solana in Q2 of 2024, introducing new ways to earn and enhancing platform governance and infrastructure. This launch will offer drivers premium features like airdrops, staking for data validators, and greater involvement in governance. NATIX will also leverage Peaq, a Layer-1 blockchain purpose-built for DePIN and machine RWAs (real-world assets). NATIX will use Peaq’s modular DePIN functions, multi-chain ID, and data verification, to enhance its architecture and solidify a prominent role in Peaq’s extensive DePIN ecosystem.

“We are thrilled to be partnering with Ali and his team at NATIX. With its consumer-centric approach, we believe that NATIX is uniquely positioned to continue scaling the platform and build out valuable applications for its drivers and projects in need of high-quality geospatial data,” commented Nicolas Priem, General Partner at Tioga Capital.

Drivers can download the NATIX Drive& app from the App Store or Play Store to start mapping and earning rewards.

About NATIX:

Founded in Hamburg in 2020, NATIX is a decentralized network of smart cameras. NATIX’s AI-powered app uses the phone’s camera to detect objects, collect real-time geospatial data, and map the world around us in a completely decentralized space – no additional hardware needed. NATIX’s solution leverages edge computing to analyze the data and ensure that no personal data is collected – by design. Network contributors are rewarded with NATIX’s native cryptocurrency, $NATIX, to support better driving-assistant applications (dashcam, navigation, parking availability, etc.) and improve the mapping infrastructure around us. For more information visit www.natix.network

About Borderless Capital:

Borderless is a leading investment management firm focused on Web3 technology, dedicated to supporting the next generation of innovators who are driving the development of groundbreaking technologies that will enable the creation of value without borders. Borderless comprises a team of builders, partners, and investors who adopt a long-term perspective and strive to unleash the full potential of open, community-driven networks. Since 2018, Borderless has invested in 200+ protocols/companies across infrastructure, business applications, and nascent cryptographic protocols, and has played an integral role in the development of some of the most significant and innovative Web3 communities. Borderless has been a pioneer in DePIN, launching the first dedicated fund in 2021 and investing in over 35 DePIN projects since then. For more information, please visit their website at: www.borderlesscapital.io

About Tioga Capital:

Tioga Capital is a European venture capital fund focused on Web3. We back exceptional entrepreneurs and blockchain protocols that bring us closer to a world of more individual sovereignty, trust and privacy. Learn more at: https://tioga.capital/

Contact

Head of PR
Alon Einhorn
NATIX
alon.ext@natix.io

Kinesis Mint becomes the official partner for the House of Mandela

financewire

April 25, 2024

London, United Kingdom, April 25th, 2024, FinanceWire

Kinesis Mint, the certified independent precious metals mint and refinery of Kinesis, the monetary system backed by 1:1 allocated gold and silver, has been appointed the exclusive coin producer for the House of Mandela.

The Kinesis Mint will independently manufacture the official House of Mandela collector coins in fine gold and silver.

Commencing with the House of Mandela Coin, the Kinesis Mint has been entrusted with the exclusive rights to design and fabricate the House of Mandela commemorative coins. The team conceptualised the House of Mandela Coin to reflect the immortalised legacy and global impact of former South African president and activist, Nelson Mandela.

The coin features the totem symbol of the bee, with its wings resembling the many branches and strong values of the Mandela family tree. The symbol also holds additional significance as the literal translation of Nelson Mandela’s name, Rolihlahla.

The House of Mandela, represented by Nelson Mandela’s daughter, Dr Pumla Makaziwe Mandela, and granddaughter, Tukwini Mandela, will oversee and support the marketing efforts locally and internationally.

Thomas Coughlin, CEO of Kinesis Money comments:

“We are proud to enter into a long-term partnership with the House of Mandela. The House of Mandela Coin pays homage to the enduring legacy of Nelson Mandela, one that speaks of courage and dedication to the community. The meaning at the very heart of the Mandela House: “One who is brave enough to challenge the status quo” is as relevant now as it was at the time of his historic achievements.”

Dr Pumla Makaziwe Mandela, CEO and founder of the House of Mandela comments:

“We are proud to be partnered with the Kinesis Mint, commencing with the launch of the House of Mandela Coin. The artistry of the coin represents the underlying values of my family’s legacy and heritage imbued in the strength and determination of my father, Nelson Mandela.”

Based in Istanbul, Turkey, the 5,600 square-metre Kinesis Mint facility manufactures the official Kinesis Bullion collection, with a minimum fineness of 9999, gold, and 999, silver.

The commemorative coins will be available to purchase from the House of Mandela physical and online store, the Kinesis Bullion store and retail bullion partners of Kinesis in the near future.

About House of Mandela

The Mandela name is one of heritage, strong values and royalty. Our history, culture and family values are closely linked with the life and times of Africa, her people, resilience, compassion and courage. The Mandelas are the descendants of a royal bloodline that dates back to the 18th century when Thembu Land was part of the Royal Kingdom of the Eastern Cape. Our history is steeped in tradition, family values and a strong sense of community. We are proud of our heritage and believe that only when we understand and appreciate where we come from is it possible to achieve a state of enlightenment and progress on our journey of life. The House of Mandela is an inspirational, African luxury lifestyle brand that epitomises the exoticism, beauty, resilience and passion of Africa to all sectors of the global community. The House of Mandela brand is owned by the Mandela Family with the objective of creating Africa’s most powerful lifestyle brand through which positive consumer experiences will be intrinsically linked so that when the consumers see and experience HoM, they have confidence in a vast array of House of Mandela branded products, whether they are wine, beauty or fashion related. Through House of Mandela, we are creating a unique and distinct offering of what “Made in Africa” means.

About Kinesis Money

Kinesis is an end-to-end monetary system based 1:1 on physical gold and silver. Founded in 2017, Kinesis formed a strategic partnership with Allocated Bullion Exchange with institutional metals exchange trading globally for over a decade. With $10B traded since 2021, Kinesis has driven rapid expansion on a global scale, amassing a client base across 150+ countries. Through robust vaulting infrastructure and innovative financial technology, Kinesis reintroduces gold and silver as money. The platform enables citizens worldwide to protect their wealth outside of the volatility of the traditional banking system.

Contact

Zubair Bukhari
Kinesis Money
zubair.bukhari@kinesis.money

Velocity Labs and Ramp Network facilitate fiat to crypto onramp on Polkadot via Asset Hub support

Chainwire

April 25, 2024

zug, SWITZERLAND, April 25th, 2024, Chainwire

Velocity Labs is proud to announce a fiat to crypto onramp using Ramp Network through the integration of Asset Hub. Through it, Ramp will be able to service any parachain in the Polkadot ecosystem.

Onramps from fiat to crypto have historically been one of the biggest pain points with regard to DeFi accessibility. Thanks to the tireless builders who identified this issue early on, and have been working with regulators, credit card issuers and other payment infrastructure providers, the high barriers to crypto entry are about to be a thing of the past.

In November of last year, Velocity Labs began talks with Ramp, the leading onramp infrastructure provider for web3. The objective was simple: maximize Asset Hub’s accessibility, and to get it to its full potential.

Asset Hub is a system parachain considered the “home base” of assets in the Polkadot blockspace ecosystem. It enables the creation, management, and use of assets in the Polkadot network. As a system parachain, it has a trusted relationship with the Polkadot Relay Chain, allowing for porting of DOT from the Relay Chain to Asset Hub. Asset Hub is crucial for the emission of tokens similar to ERC-20 (the Ethereum standard powering DeFi on that chain) and the imminent and future resurgence of DeFi on Polkadot. However, Asset Hub has many constraints, particularly around UX and DevEx. Recognizing the potential of Asset Hub and its importance, Velocity has been working tirelessly to address these limitations.

Ramp is a financial technology company building solutions that connect the crypto economy with today’s global financial infrastructure. Through its core on- and off-ramp products, Ramp provides businesses and individuals across 150+ countries with a streamlined and smooth experience in converting between cryptocurrencies and fiat currencies. Ramp is fully integrated with the world’s major payment methods, including debit and credit cards, bank transfers, Apple Pay, Google Pay, and more.

About Velocity Labs

Velocity Labs is a DeFi and infrastructure development company founded with the objective of transforming the Polkadot blockspace ecosystem into a thriving hub for DeFi innovation. A team formed by Polkadot veterans and DeFi experts, Velocity Labs is committed to building critical market infrastructure and tooling to unlock Polkadot’s full potential.

More information on velocitylabs.org

Velocity Labs actively searching for builders to join us in creating the most efficient and resilient ecosystem for DeFi on Polkadot. If you think this is you, please get in touch with us through this form.

Contact

ops lead
MARIA PAULA FERNANDEZ
Velocity Labs AG
mp@velocitylabs.org

Proof of Pitch: Revolutionizing the Pitch Competition Landscape with AI-Driven Insights and Top Web3 VC

Chainwire

April 25, 2024

Paris, France, April 25th, 2024, Chainwire

Prize pool of over 1M€ value including media grant from Cointelegraph
Proof of Pitch is part of Proof of Talk, where All Global Leaders in Web3 Meet
10-11 June 2024, Museum of Decorative Arts (MAD), Louvre Palace, Paris

In a ground-breaking shift from traditional pitch competitions, Proof of Pitch emerges as a transformative platform uniquely combining Artificial Intelligence (AI) insights with the strategic acumen of the world’s leading Web3 venture capitalists. Proof of Pitch participants will showcase their presentation to an exclusive audience of speakers and VCs, including CEOs, founders of leading blockchain companies, and top Web3 VC partners.

Next to the competition’s main sponsor zkSync, distinguished partners and jurors are participating, including Pantera Capital, Borderless Capital, Binance Labs, Greenfield Capital, Arrington Capital, Animoca Brands, Spartan Group, X Ventures, Mechanism Capital and Cointelegraph.

The Proof of Pitch winner will be awarded a first-place grand prize award of 1M€ value in a combination of cash investments by participating VCs, Accelerator services, visibility (such as a 30k media grant from Cointelegraph), and many other value-adding elements.

All participants will also receive a detailed 12-page investment report to understand the strengths and weaknesses of their pitch, outlining strengths to focus on and weaknesses to improve. This is equivalent to a team of analysts spending weeks analyzing the participant’s startup.

Zohair Dehnadi, Co-Founder, Proof of Talk and Partner, X-Ventures: “Unlike conventional pitch competitions, Proof of Pitch enables global businesses and leadership to intelligently tap into the power of Web3, providing valuable and sustainable insights for investors and the startup community at large instead of having just another light-touch startup competition with glittering prizes which ultimately do not add any real business value. Be part of our prestigious Proof of Pitch experience and elevate yourself! See you in June!”

Revolutionizing Startup Evaluation: The AI Advantage

At the heart of Proof of Pitch, a pioneering AI-driven tool is redefining startup assessments, providing deep, nuanced insights at an unprecedented pace. Developed by XVentures through a rigorous, year-long collaboration involving top VCs and data scientists, this AI, known as Pitch Scan LLM tool, can scrutinize a start-up’s business model, conducting thorough due diligence, and evaluate the team behind the idea, market size, and competitive landscape—within minutes rather than weeks. Every participant will be furnished with a detailed 10-page report, with a strategic roadmap for success in the ever-evolving Web3 domain.

Beyond Funding: Prizes That Foster Growth

This initiative is a revolutionary approach aimed at identifying, nurturing, and elevating start-ups set to redefine the innovative horizons of Web3. Winning at Proof of Pitch extends well beyond obtaining financial support. Winners are embraced by a full spectrum of resources, from AI-powered analytics to mentorship by Web3 visionaries, alongside direct introductions to leading venture capitalists. This holistic support system is designed to refine strategies, accelerate growth, and establish market leadership.

Unprecedented Visibility Among the Elite

Gain exclusive exposure by standing among the top 10% of applicants, showcased to a distinguished audience including CEOs, founders of leading blockchain enterprises, and top-tier Web3 venture capitalists. This exposure is more than mere visibility—it’s a golden ticket to captivate the attention of the industry’s elite, secure pivotal investments, and forge transformative connections.

A Vanguard Call to Web3 Innovators

Proof of Pitch calls upon start-ups at the cutting edge of Web3 innovation to dazzle the industry’s titans, venture through the vanguard of technology, and stake a claim in the digital future. This unparalleled opportunity allows participants to showcase their visionary ideas, propel their start-ups forward, and create a lasting impact in the domain of digital innovation.

Proof of Pitch invites those who are interested to dive into this revolutionary journey, an avenue for transcending traditional pitch norms. Navigate through the forefront of Web3 innovation.

Proof of Talk seeks to welcome over 2500 participants. Combined with a stellar speaker line-up featuring CEOs, founders, and leaders of the Web3 and digital assets industry, the summit features impact-focused networking and a refined agenda. A few of the speakers include:

● Joseph Lubin, CEO and Founder at Consensys

● Jenny Johnson, CEO, Franklin Templeton

● Tim Draper, Founder, Draper Associates

● Ophelia Snyder, Cofounder President, 21Shares

● Mihailo Bjelic, Co-Founder, Polygon

● Raoul Pal, Crypto Macro Economist

● Yat Siu, Chairman, Animoca Brands

● Stani Kulechov, CEO, Avara

● Staci Warden, CEO, Algorand Foundation

● Tim Grant, CEO, Deus X Capital

● Digital asset leads from over 30 major TradFi banks

● Partners from 100+ attending VCs

The summit’s agenda also actively reflects Web3’s growing importance, with over 20 panels, 10+ workshops, and over a dozen keynotes and firesides on key topics shaping Web3’s future. These include real-world asset tokenization, AI-blockchain integration, gaming evolution, and smart contract security.

Participants in this year’s Proof of Pitch can showcase their innovative ideas and gain valuable exposure. Participants have the opportunity to connect with industry experts and potential investors who can help elevate their businesses to the next level. Those who are interested can apply here.

About Proof of Talk

Proof of Talk is setting a new standard in the Web3 conference landscape, positioning itself not just as another web3 conference but as a pivotal forum where the promise of decentralization comes to life. The summit uniquely combines the essence of traditional economic forums with the dynamic, decentralized Web3 community, fostering an innovative ecosystem of dialogue and action. It stands as a platform for change, where every voice, from the seasoned economist to the radical Web3 founder, contributes to a collective vision of a decentralized economic future. By facilitating engaging discussions and unparalleled networking, participants shape this new landscape. Learn more at www.proofoftalk.io

About X Ventures

X Ventures is a Germany-based digital assets investment fund dedicated to supporting and empowering entrepreneurs in the Web3 industry. Alongside its investment activities, X Ventures founded www.xschool.io, aiming to provide accessible education to future leaders worldwide. Website: https://www.xventures.de

Contact

Shanna Molina
Cognito
shanna.molina@cognitomedia.nl

Apex Fusion Prepares for Release with 20+ Launch Partners Including Tenderly

Block Telegraph Staff

April 24, 2024

Apex Fusion Prepares for Release with 20+ Launch Partners Including Tenderly

Emerging chain attempts to unite Ethereum and Cardano ecosystems with Tenderly and Charli3, with dozens more as launch partners.

Apex Fusion is preparing for launch by announcing a cohort of ecosystem partnerships. The new network will support enterprises and businesses from the Ethereum virtual machine (EVM) ecosystem and the unspent transaction output (UTXO) world.

True interoperability between these two accounting methods has proven difficult to surmount to date. Therefore, Apex Fusion is set to defragment the blockchain space by launching a new multi-chain network with native interoperability.

Tenderly, a full-stack decentralized infrastructure development enterprise from the Ethereum ecosystem, is joining the ranks of other projects launching on Apex Fusion. Their services include on-chain deployment, integrated development environments, and support for decentralized projects.

Ivan Bjelajac, VP of strategy at Tenderly and co-author of Polygon Edge commented on how Tenderly will be supporting Nexus, Apex Fusion’s EVM chain and also added that he “loves the anti-maximalist vision of merging the Ethereum, Cardano, and Cosmos ecosystems.”

Tenderly is one of the many organizations from the Ethereum universe that has announced their support of Apex Fusion’s new ecosystem. Ethernal, Zeeve, and MVP Workshop have publicly voiced their commitment to the new network on X, formerly Twitter.

Charli3 from the world of Cardano has also announced they will begin building on the Apex Fusion multi-chain network. Charli3 is the first decentralized oracle network for the Cardano blockchain. It aims to provide services to the UTXO-based chain.

Damon Zwarich of Charli3 said: “We are excited by Apex Fusion’s vision of making the dream of EVM and UTXO compatibility a reality.”

TxPipe and Eternl will also join the new platform to unite ecosystems.

The Apex Fusion network, founded by a cross-disciplinary team of veterans from Ethereum and Cardano, set out to create a multi-chain network that aims to defragment the Web3 landscape for everyone.

Their core contributors focused their pre-launch efforts on finding infrastructure development launch partners from the two major ecosystems.

“For Apex Fusion’s launch, we wanted quality and not quantity,” said Sava Savic, a core contributor to the Apex Fusion ecosystem and Input Output Global alumni. “We’re honored to have many incredible projects that share our values and align with our vision for a defragmented Web3. This is a great start, but it’s only the beginning.”

Apex Fusion is currently running a private testnet, but it will soon become public. New projects from the EVM and UTXO worlds are being announced as more launch partners.

Apex Fusion’s goal is to break through the echo chambers that have plagued the decentralized landscape. Its initial impact, demonstrated by the buy-in from leading projects such as Cardano and Ethereum, clearly demonstrates that it will be a game changer.

Hipposol, A Solana-based Memecoin Announces $Hippos Token Presale Round

Chainwire

April 24, 2024

London, United Kingdom, April 24th, 2024, Chainwire

Today marks a monumental day as Hipposol, A solana memecoin proudly announces the launch of $hippos pre sale round for early participants. Drawing vibrant inspiration from the mighty and playful hippopotamus, the $Hippos token presale event begins today April 24th 2024, with a sale duration of 26 days.

Hipposol Ready To Pioneer A New Era in Memecoin

$Hippos isn’t merely another entry in the memecoin ledger; it heralds a new era where community, technology, and sheer fun merge to forge genuine value. “With $Hippos, we’re not just redefining memecoins; we’re revolutionizing how a memecoin community and digital currency coexist. This journey isn’t about speculative trading alone; it’s about crafting a community empowered to steer its course and reap substantial growth,” said King Hippo, the revered leader of the Hipposol herd.

The Hipposol team believes the $Hippos pre sale event means more than buying a token; it means joining a memecoin herd that leads. With Hipposol community-driven development approach, users insights and votes directly influenced by the $Hippos holders, Hipposol is set to be next meme sensation on Solana.

$Hippos Presale Facts:

Token Presale Rate: 1 SOL = 150,000 $Hippos
Minimum Buy: Dive in with as little as 0.5 SOL

Users can join the Solana meme adventure with Hipposol and experience a new breed of memecoin that’s ready to make waves.

For more updates and news on Hipposol memecoin;

Website | $Hippos Sale portal | Twitter | Telegram

Hipposol 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. Investing in cryptocurrencies can be volatile and dangerous.

Contact

King Hippo
Hipposol
pod@hipposol.xyz

Galxe Rolls Out GAL Staking with $5M Rewards Pool, Unlocking Exclusive Rewards through Galxe Earn

Chainwire

April 24, 2024

San Francisco, California, April 23rd, 2024, Chainwire

Galxe launches $5M rewards pool, featuring rewards from prominent partners including Arbitrum, Polyhedra, and Merlin.
Galxe introduces a revamped governance structure, shifting voting rights exclusively to GAL stakers, promoting a more involved and representative governance process.
Galxe Earn introduces a new infrastructure for airdrop campaigns with smarter, precision-targeted distribution that ensures rewarding user engagement and participation.

Galxe, the leading web3 infrastructure and digital credential network, today announced the launch of GAL Staking, a new feature that grants users the ability to unlock exclusive rewards through Galxe Earn, a platform transforming how airdrop campaigns are conducted by offering smarter, precision-targeted airdrops.

Through GAL Staking, users gain access to Galxe Earn, utilizing their staked GAL tokens to participate in unique airdrop campaigns. This integration creates a dynamic synergy between staking and reward mechanisms, offering over 18 million active participants a more engaging and directly beneficial way to interact with the ecosystem. Powered by Galxe Quest, Galxe Earn enables direct engagement between projects and stakeholders such as token holders, NFT collectors, and social media followers. It allows projects to offer exclusive rewards, including whitelist spots and gated access to airdrops, thus enhancing engagement and extending the ecosystem’s reach.

“GAL Staking is a long-awaited addition to the Galxe ecosystem, designed to enhance how our community interacts with and benefits from our platform,” said Harry Zhang, co-founder of Galxe. “By staking GAL, users unlock access to the rewards pool through Galxe Earn and may potentially gain crucial voting rights in our governance system. This empowers them to directly influence strategic decisions and actively shape the evolution of Galxe. Our commitment to integrating substantial user incentives with profound governance roles exemplifies our dedication to fostering a truly decentralized and user-driven ecosystem.”

Exclusive Rewards and Strategic Partnerships

The genesis rewards pool of Galxe Earn includes major collaborations with Arbitrum, Polyhedra, and Merlin, distributing rewards close to $5 million in total. This initiative enhances user engagement by providing access to whitelist spots and gated airdrops, further supported by Galxe Quest, the leading platform for building web3 communities.

Seamless Staking Experience

The GAL Staking interface on Galxe’s website offers a user-friendly dashboard that presents essential information such as the total GAL staked, individual wallet addresses, and detailed staking activities. This interface allows users to easily engage with the platform by staking or unstaking GAL tokens, ensuring a flexible and informed staking experience. The dashboard is designed for simplicity, enabling users to monitor and manage their staking history and current status effectively.

This intuitive staking experience enhances user engagement by simplifying the staking process and ensures that participants can make informed decisions based on comprehensive, real-time data, reinforcing Galxe’s commitment to transparency and user empowerment in the evolving web3 space. For detailed instructions on how to participate, visit our Step-by-Step: GAL Staking guide.

Decentralized Community Engagement & Governance Upgrade

In conjunction with GAL Staking, Galxe is proposing a significant enhancement to its governance model. This proposal, if approved, would transition voting rights exclusively to GAL stakers, further democratizing the platform’s decision-making process. This change aims to deepen community engagement by ensuring that those who are actively participating and staking GAL have a more substantial influence over the strategic direction of the platform.

The proposal for this governance upgrade is now live, and Galxe encourages all stakeholders to participate in the discussion and vote. Interested parties can find more information and join the governance discussions at the Galxe Governance Forum. This initiative highlights Galxe’s commitment to fostering a participatory environment where community input drives growth and innovation.

About Galxe

Galxe is the leading web3 infrastructure and digital credential network, empowering seamless web3 experiences through modular AI, digital identity, and blockchain technologies. Central to the ecosystem, the Galxe Identity Protocol provides a foundational layer for secure and self-sovereign digital identity management. Alongside the protocol, Galxe’s product suite–Galxe Quest, Galxe Passport, Galxe Score, and Galxe Compass–supports the development of the next generation of web3 applications. With a vibrant community of over 18 million active users and partnerships with 4,900 brands, Galxe has proven itself as a pioneer and leader in digital identity solutions, fostering community growth, and enhancing user engagement. Dedicated to making web3 accessible to all, Galxe serves end-users and developers worldwide.

For media inquiry, ana@serotonin.co

Contact

Ana Lezama
ana@serotonin.co

Freak Off Announces Upcoming Token Pre-Sale for Its Blockchain Racing and Breeding Game

Chainwire

April 24, 2024

Dubai, United Arab Emirates, April 24th, 2024, Chainwire

Freak Off, a groundbreaking play-to-earn web-based racing and breeding game, is excited to announce the upcoming pre-sale of its native token, Freak Off Token (FOT). This pre-sale represents a unique opportunity for early supporters to be part of a game-changing project in the blockchain gaming space.

In Freak Off, players can own, breed, and race exotic creatures known as Freaks. Each Freak is unique, with its own set of traits determined by a complex DNA system that mirrors real-world genetics. This level of detail brings a depth to the gameplay that is rarely seen in other games, and creates over 1 billion possible combinations of Freaks.

Players can breed their Freaks to create offspring with new traits, or fuse creatures to enhance abilities and customize looks, giving players the power to create Freaks that are truly unique.

Freak Off offers a racing experience that is truly unpredictable and thrilling. The races are automated, meaning that once the Freaks are set on the track, the result is entirely up to their abilities. These racing mechanics allow for surprising victories and unexpected turns of events. To enhance the immersive experience, Freak Off also features an AI-generated commentary system that brings each race to life.

The game utilizes smart contracts for all in-game transactions, providing transparency and security for players. The native token, Freak Off Token (FOT), is built on the Polygon blockchain, ensuring wide compatibility and easy integration with existing crypto wallets and exchanges.

The Freak Off demo is already live on the website and the full launch details will be released soon.

Shortly after the token pre-sale, an NFT sale featuring the unique Freaks will be launched. This is an opportunity for players to own a piece of the game and be able to participate in all activities including NFT breeding.

FOT token holders gain exclusive access to special game features for their Freaks, such as limited race events, beauty contests, and advanced breeding and fusion options. Early buyers will benefit from several incentives:

The highest volume buyers during the pre-sale will receive airdropped NFTs of the initial set of Freaks.
Participants will get complimentary entries into an NFT draw for a chance to win a Freak.
Additional discounts on NFT purchases will be available to those who partake in the FOT token pre-sale.

For more information about Freak Off and to participate in the pre-sale, visit freakoff.io.

Freak Off 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

Marketing manager
Vesal Haz
Infinite8
vesal@freakoff.io

Bandit Network’s Points SDK and Brave Ads Power Astar zkEVM’s Quest Platform “Yoki Origins”

Chainwire

April 24, 2024

Dubai, United Arab Emirates, April 24th, 2024, Chainwire

“Yoki Origins,” supported by Bandit Network and Brave Ads, introduces a gamified and rewarding experience for Astar zkEVM users, marking a significant milestone in Web3 adoption.

Bandit Network, a leading provider of White-Labelled Quest solutions with Points SDK, proudly announces its collaboration with Astar Network to power the ongoing “Yoki Origins” journey. Launched on March 8th, this innovative user onboarding journey coincides with the mainnet release of Astar zkEVM, a Layer 2 scaling solution for Ethereum. This collaboration represents a significant milestone in the evolution of Web3 infrastructure.

Astar zkEVM, leveraging Ethereum’s security and the Polygon CDK (Chain Development Kit), offers a secure and scalable platform for Web3 projects and enterprises. As the inaugural zero-knowledge EVM chain, Astar zkEVM unlocks access to Ethereum’s extensive developer resources and industry-standard infrastructure providers.

Image Description: Yoki Origins Capsule Machine or Yo-Port powered by Bandit Network.

The “Yoki Origins” journey, powered by Bandit Network’s White-Labelled Quest solutions with Points SDK promoted by Brave Ads, introduces users to the world of Astar zkEVM through interactive experiences inspired by Japanese Yokais. Participants engage with Capsule Machines, or “Yo-Ports,” to collect Yokis and artistic creations, fostering engagement and loyalty within the Astar ecosystem.

“Bandit Network is thrilled to collaborate with Astar Network on the ‘Yoki Origins’ journey,” said Sandesh B Suvarna, Founder of Bandit Network. “Our White-Labelled Quest solutions with Points SDK, along with promotion through Brave, provide a seamless and engaging experience for users, allowing them to immerse themselves in the Astar ecosystem while celebrating Japanese culture and heritage.”

Maarten Henskens, Head of Astar Network, commented, “Bandit Network’s platform with Brave Ads has been instrumental in bringing the ‘Yoki Origins’ journey to life. This collaboration underscores our commitment to delivering innovative and engaging experiences to our community as we continue to expand the capabilities of Astar zkEVM.”

Image Description: Brave Ads for Yoki Origins powered by Bandit Network on Brave Browser.

Luke Mulks, VP of Business Operations at Brave, highlights the integral role of Bandit Network’s solutions in partnership with Brave Ads, “We’re excited for Brave Ads to be collaborating with Bandit Network’s White-Labelled Quest solutions to bring awareness and growth for the Astar ecosystem. With collaborations like ‘Yoki Origins’, Brave Ads demonstrates the ability to use Quests as a growth accelerator.

Brave Ads campaigns will elevate Quests beyond airdrop farmers, introducing Quests to millions of Brave Rewards users. In addition to earning BAT with their attention, Brave Rewards users will now be able to earn even more by participating in Quests through Astar and other participating Bandit Network partners advertising with Brave Ads.”

Brave offers Web3 promotional opportunities through Brave Ads for advertisers that pay with BAT for their campaigns, facilitating growth and adoption within the broader Web3 ecosystem.

Image Description: Yoki Origins – Japan Airlines Hakuhodo Yo-Port powered by Bandit Network.

The “Yoki Origins” journey invites users to explore Astar zkEVM’s unique characters, participate in quests, and collect digital collectibles. Through interactive Capsule Machines, participants can obtain Yokis and artistic creations contributed by various artists, enterprises, and builders. The user journey aims to foster accessibility for individuals unfamiliar with Web3, incorporating social logins and credit card payments.

Astar Network serves as a conduit for projects spanning enterprise, entertainment, and gaming to enter the Japanese market and beyond. By propelling global adoption of Web3, Astar aims to build an ecosystem fueled by both Polkadot and Polygon, positioning itself as a leading blockchain for the Japanese market.

For more information about Bandit Network and the “Yoki Origins” journey, visit https://yoki.astar.network/en.

About Bandit Network:

Bandit Network is a leading provider of White-Labelled Quest solutions with Points SDK, offering a no-code platform for engaging and interactive experiences. With a focus on fostering user engagement and loyalty, Bandit Network empowers organisations to create immersive campaigns and events across various industries.

Media Contact:

Name: Sandesh B Suvarna

Designation: Founder

Company: Bandit Network

Email: sandesh@bandit.network

LinkedIn: https://www.linkedin.com/in/sandeshbsuvarna/

Twitter: https://twitter.com/sandeshsuvarna

Telegram: https://t.me/SandeshBSuvarna

Name: Luke Mulks

Designation: VP – Business Operations

Company: Brave

Email: press@brave.com

Twitter: https://twitter.com/lukemulks

Twitter: https://twitter.com/brave

Advertisers: https://ads.brave.com/

Research Reveals Mobile Devices as Catalysts for Efficient Decentralized Infrastructure Networks (DePINs)

Chainwire

April 24, 2024

Zug, Switzerland, April 24th, 2024, Chainwire

Researchers from the University of Zürich’s Communication Systems Group, in collaboration with the Acurast Association building on Polkadot and other ecosystems, have unveiled groundbreaking results in their latest study, “Performance Analysis of Decentralized Physical Infrastructure Networks and Centralized Clouds.” This work demonstrates the viability of Decentralized Physical Infrastructure Networks (DePIN) as a robust alternative to traditional centralized cloud computing platforms.

DePINs, leveraging blockchain technology and the Internet of Things (IoT), aim to enhance data sovereignty, reduce dependency on centralized models, and improve system resilience against potential failures. The research specifically highlights and evaluates Acurast, a new decentralized serverless cloud network that capitalizes on underutilized resources of smartphones to perform complex computing tasks with enhanced security and efficiency.

Key Findings:

Enhanced Efficiency: Acurast has shown potential to perform computationally intensive tasks more efficiently than traditional cloud services like Google Cloud Platform and Amazon AWS.
Power Efficiency: Acurast significantly reduce power consumption, compared to existing centralized server infrastructure, making it an environmentally friendly alternative to existing solutions.
Empirical Evidence: The study provides empirical evidence supporting the theoretical benefits of DePINs, demonstrating Acurast’s ability to handle computationally intensive applications with reliability and cost-effectiveness.

“The advent of decentralized technologies presents a unique opportunity to rethink how we manage and operate digital infrastructures,” said Jan von der Assen, PhD student and Junior Researcher of the Communication Systems Group (CSG) at the University of Zurich (UZH) on the project. “Acurast not only challenges the status quo but may also present a scalable, secure, and sustainable model for future computing needs.”

This research marks a significant step toward understanding and harnessing the power of DePINs for computing. It opens up a real alternative to existing cloud providers for applications in all industries, especially where confidentiality is paramount.

The full research paper is publicly available and has been accepted at the upcoming DePIN Workshop of the International Conference on Blockchain Technology (ICBC) 2024.

About University of Zürich’s Communication Systems Group

The Communication Systems Group (CSG) at the University of Zurich focuses on research and development in networked systems and communication mechanisms. The group is dedicated to advancing the state of the art in communication systems, network security, and infrastructure development.

About Acurast Association

The Acurast Association is dedicated to breaking up the cloud monopoly with Acurast using mobile hardware, thereby democratizing and decentralizing the cloud. Allowing everyone to become a part of the cloud through their mobile devices. Providing developers with unrestricted, permissionless access to computing resources that are secure, cost-effective, and confidential.

Contact

Co-Founder
Pascal Brun
Acurast
hi@acurast.com

Crypto Poker Site CoinPoker Launches CSOP Tournament Series with $1M Pot and Removes Cashout Fees

Chainwire

April 24, 2024

Willemstad, Curacao, April 24th, 2024, Chainwire

CoinPoker, the world’s largest cryptocurrency poker platform, has launched its annual Crypto Series of Online Poker (CSOP) Spring tournament series while also removing all Cashout Fees as announced by the team on X:

After kicking off on Friday April 19, the ongoing tournament series will end on April 28, featuring 41 events with a combined $1 million in guaranteed prize pools.

CSOP Spring Tournament Spans 41 Events Over 10 Days

Drawing comparisons to the prestigious World Series of Poker (WSOP), the CSOP is one of the biggest online poker tournament series to use cryptocurrencies.

CoinPoker’s flagship CSOP series has grown in stature each year, attracting players globally to compete for seven-figure prize pools paid out in crypto.

This year’s CSOP Spring edition has also attracted high stakes cash game action, with 1000/2000 games running on Sunday and some poker pots over $300k.

The ten days of the CSOP and 41 tournaments encompass a range of buy-in levels, from $20 openers to the $500 CSOP Grand Finale main event on April 28, all with freeroll qualifier events to satellite in at a discount.

Players can also expect a diverse slate of formats, including progressive knockout (PKO), Pot Limit Omaha (PLO), “MonsterStack” big blind events, and more mixed throughout the series.

CoinPoker’s CHP Token Offers Ethereum-Based Utility For Platform Rewards

The CSOP Spring event is also shining the spotlight on CoinPoker’s ecosystem.

CoinPoker is the original cryptocurrency poker site, launched in 2017 with a vision of bringing blockchain technology to the poker world.

The lifeblood of CoinPoker’s ecosystem is CHP, a utility token built on the Ethereum network.

Though poker games are played using the USDT stablecoin, CHP serves as a “bonusing fuel” that provides rewards and incentives for token holders.

Players can also earn CHP through the platform’s various promotions, rake races, and referral programs.

The token is currently available to trade through the QuickSwap DEX on the Polygon network.

At the time of writing, CHP is valued at $0.059 and is up 5% in the past seven days.

CHP’s market cap is just over $15 million, with over 98% of the 278,237,314 supply in circulation.

Poker Pro Tony G Serves as CoinPoker Ambassador

A key part of CoinPoker’s credibility in the poker world comes from its association with renowned pro Tony G (Antanas Guoga).

The Lithuanian-Australian poker legend serves as an ambassador and representative for the platform.

Tony G has an illustrious poker resume, with 15 World Series of Poker money finishes and two final table appearances at the World Poker Tour.

Tony G took part in the largest ever online poker pot worth over $7.7 million, played on CoinPoker’s platform. Tony’s decades of experience have helped steer CoinPoker into becoming one of the most popular crypto poker rooms.

About CoinPoker

CoinPoker is the world’s premier online crypto poker room and has been operating since 2017.

Using blockchain technology and cryptocurrencies, CoinPoker provides a secure, transparent, and provably fair poker experience.

With high-profile ambassadors like Tony G representing the platform, CoinPoker hosts regular tournaments, attracting thousands of players globally to compete for crypto prizes.

Players can register a free anonymous CoinPoker account here to get started playing in the CSOP – all that’s needed is a crypto wallet, email and phone number.

CoinPoker 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

CoinPoker
contact@coinpoker.com

Base Chain Welcomes Inaugural Meme Coin Launchpad: A Beacon Against Scams and Rug Pulls

Chainwire

April 24, 2024

Victoria, Seychelles, April 24th, 2024, Chainwire

FOMO BULL CLUB, a decentralized, community-driven platform, is thrilled to announce the launch of its inaugural meme coin launchpad on the Base blockchain. This pioneering platform empowers the community to play a pivotal role in meme coin creation, launch, and protection from scams and rug pulls.

With the meme coin market experiencing unprecedented growth, rising scams, and rug pulls, FOMO BULL CLUB recognized the urgent need for a reliable launchpad that prioritizes community safety while fostering meme coin innovation. The launchpad is meticulously designed to encourage creativity, enable democratic decision-making, and safeguard against fraudulent activities.

In its first phase, the launchpad introduces eight exciting meme coins, each with unique characteristics and potential to disrupt the meme coin landscape. However, the real power lies with its launchpad members, who can vote on which meme coins will be launched, ensuring that community preferences dictate the selection process.

FOMO BULL CLUB’s commitment to community protection is not just a statement; it’s evident in every aspect of the launchpad. Smart contracts undergo auditing, and ownership is renounced to eliminate the risk of rug pulls. Additionally, the decentralized nature of the launchpad minimizes the influence of gatekeepers, ensuring fair and transparent meme coin launches.

“We are excited to introduce the FOMO BULL CLUB meme coin launchpad and empower our community to shape the future of meme coins,” said Jordan Charters, Head of Business Development of FOMO BULL CLUB. “With our decentralized approach and focus on community protection, we aim to revolutionize the meme coin space and foster innovation and creativity.”

Visit https://fomobull.club to learn more.

Contact

FOMO BULL CLUB
fomobullclub@gmail.com

Solana-Based Memecoin Hipposol is Set on a Moonbound Mission

Chainwire

April 23, 2024

London, United Kingdom, April 23rd, 2024, Chainwire

The crypto market is buzzing with the arrival of Hipposol, a new memecoin launching on the secure and swift Solana blockchain. Hipposol is not just aiming for the stars but is on a mission to the moon.

A Journey Beyond the Stars

Born in the vast savanna of the digital world, Hipposol is for those who see beyond the meme horizon. The Hipposol, a symbol of wisdom and tenacity, represents every user’s quest for liberation from the monotonous 9-5 life. With the mantra “To the Moon,” $Hippos is more than a cryptocurrency – it’s a vessel for voyagers daring to chart their course through the financial universe.

Hipposol stands out with its unique combination of fast and eco-friendly transactions powered by Solana, a community-centric approach, and a fun-loving spirit. It’s a memecoin with purpose, a rallying cry for enthusiasts and users who believe that the journey should be as rewarding as the destination.

Tokenomics Overview

With a total supply of one billion tokens, Hipposol dedicates 60% of its tokens for $Hippos presale aimed at giving early adopters a head start in the Hipposol community. The remaining tokens are allocated to support liquidity on decentralized exchanges (Raydium & Jupiter), marketing efforts to spread the Hipposol cheer, and community rewards and airdrops that ensure active participation and engagement.

The presale for Hipposol tokens is kicking off on the 24th of April, With a limited sale duration of 26 days. Early investors will have the unique opportunity to acquire $Hippos at a pricing of 150,000 $hippos for 1 SOL.

Community and Governance

True to the spirit of decentralization, every $Hippos holder has a voice. $hippos token designed by the community, for the community, ensuring that everyone aboard the Hipposol spaceship has a say in the voyage ahead.

“Our goal with Hipposol is to encapsulate the liberating essence of cryptocurrencies,” says King Hippo, founder of Hipposol. “We’re more than a token; we’re a movement.”

About Hipposol

Users are invited to hop on board and be part of the Hipposol story. Visit https://hipposol.xyz to learn more about Hippos token presale and how they can join the bloat.

Social Links

Twitter l lTelegram

Contact

Founder
King Hippo
Hipposol LLC
contact@hipposol.xyz

Staking on Bitcoin, SatoshiDEX Staking for Presale Investors is now Live

Chainwire

April 23, 2024

London, UK, April 23rd, 2024, Chainwire

SatoshiDEX, the pioneering Bitcoin DEX, announces the Staking system, enabling users to earn rewards in advance of the platform’s official launch.

Boasting a successful presale exceeding $10 million, SatoshiDEX continues to gain momentum.

The SatoshiDEX team has implemented a dynamic APY for their Staking System, allowing presale participants to access significantly higher rewards.

To get started, users can visit the SatoshiDEX staking dashboard and lock their $SATX tokens (Polygon, Optimism, Binance Smart Chain, Arbitrum, Base and Avalanche).

If interested users don’t have $SATX tokens they can acquire them via the Presale.

The key features of SatoshiDEX are:

Expanded asset support: Seamless cross-chain swaps between Bitcoin and other assets.
Enhanced Security: SatoshiDEX leverages the Layer 2 Stacks blockchain solutions to provide a new security level for traders and investors.
Scalable Infrastructure and Multi-Chain support: Stacks’ microblocks feature enables an increase in transaction speed and healthy staking growth.

According to the Roadmap SatoshiDEX team has fundamental plans for this year. Their next milestones are:

Mainnet launch;
Release of the initial liquidity pools: the first set of liquidity pools, focusing on key Bitcoin and Stacks pairs.

About SatoshiDex

SatoshiDEX represents a paradigm shift in decentralized finance, offering a platform where innovation converges with utility on the Bitcoin blockchain. By leveraging the Stacks Layer 2 chain, SatoshiDEX facilitates seamless asset swaps and liquidity provisioning, eliminating the need for wrapped assets and mitigating costly Ethereum fees.

Contact

Jeremy Nita
SatoshiDEX
contact@satoshidex.ai

Turnkey Raises $15M Series A to Revolutionize the Crypto User Experience

Chainwire

April 23, 2024

New York, NY, April 23rd, 2024, Chainwire

Turnkey, the leading provider of secure, flexible, and scalable wallet infrastructure for crypto developers, announced today that it has raised a $15 million Series A funding round. The round was led by Lightspeed Faction and Galaxy Ventures, with participation from Sequoia, Coinbase Ventures, Alchemy, Figment Capital, and Mirana Ventures.

Before a user can do anything onchain, they must jump through a series of hoops: download a browser extension, write down their seed phrase, and figure out how to approve a transaction for the first time. With all these onboarding hurdles, it’s nearly impossible to retain users if something goes wrong. Solving this is one of crypto’s most important priorities.

Turnkey is solving the crypto UX problem from the ground up. The company’s product suite enables developers to build anything that involves a wallet or cryptographic transaction, and already powers some of the best developer tools and applications in the industry, including Alchemy, Dynamic, Goldfinch, Halliday, Thunder Terminal, and Kinto. These companies have integrated Turnkey to provide embedded and smart wallet services, biometric passkey logins, and seamless onboarding experiences for their users, with Turnkey powering up to 100,000s of transactions per day.

“Developers rely on Alchemy every day to build innovative applications in crypto. At our scale, security and reliability are paramount. We chose Turnkey because they’re one of the most secure wallet infrastructure solutions on the market. Their novel approach to security ensures end users remain in control of their private keys, while allowing us to create dramatically better UX,” said Will Hennessy, Product Lead at Alchemy.

Turnkey was co-founded by Bryce Ferguson and Jack Kearney, who previously built Coinbase Custody from 0 to $100B+ in assets, and subsequently went on to lead the crypto team at Trade Republic and engineering at Polychain. The company’s world-class team also includes exceptional talent from top crypto companies like Coinbase, BitGo, and Parity.

“Crypto is still too hard to use for the average person,” said Ferguson, Turnkey’s co-founder and CEO. “But instead of approaching this problem from first principles, the industry has tried to remedy it by creating shinier wallets and slicker UI components. None of this will onboard the next billion users when crypto’s fundamental UX issues stem from the inherent challenges of self-custody.”

“Developers burning time bootstrapping their infrastructure has become a major hurdle for the industry. When building products, developers shouldn’t have to sacrifice security and scalability for convenience. Turnkey is building the wallet infrastructure necessary to bring more users and institutions onchain,” added Samuel Harrison, Managing Partner at Lightspeed Faction.

Turnkey believes that a true upgrade for web3 users doesn’t just entail making wallets more beautiful or simpler to use; it requires challenging pre-existing notions of how we interact with the blockchain entirely. The company is committed to building a decentralized future and is excited to empower developers to create the onchain products of tomorrow.

“Our focus on bespoke tooling and verifiable security is what enables companies to build web2-like experiences for their crypto products,” said Kearney. “We’re excited to use this funding to accelerate innovation in the crypto space and onboard the next wave of crypto power users.”

###

About Turnkey

Turnkey is secure, flexible, and scalable wallet infrastructure offering low-level primitives for teams building unique on-chain experiences. Founded by the team that built Coinbase Custody, Turnkey is powering serious applications across a wide range of use cases, from wallets-as-a-service to programmatic backend crypto automation. By leveraging a novel security framework, Turnkey achieves 50-100ms signing latency for millions of wallets, all with affordable transaction-based pricing that’s designed for scale. For more information, please visit https://www.turnkey.com.

Contact

Growth
Sarah Lu
Turnkey
sarah@turnkey.io
9172277274

Changelly launches Probably Serious Quiz introducing 0% fee swaps of USDt on TON and Toncoin

financewire

April 23, 2024

Hong Kong, Hong Kong, April 23rd, 2024, FinanceWire

Changelly, a global crypto exchange, lists USDt on TON, a newly launched stablecoin created in the wake of a strategic collaboration between Tether and The Open Network. In celebration of this initiative, Changelly invites crypto believers and users to participate in the Probably Serious Quiz and get access to a 0% fee for swapping any crypto for USDt on TON and Toncoin on the Changelly platform.

Among the first, Changelly enables exchanges of USDt on TON—the Tether stablecoin that empowers simple, borderless peer-to-peer (P2P) transactions for Telegram Messenger’s over 900 million global users. Instant, feeless, worldwide—all that applies to USDt transfers that the TON-based Wallet in Telegram makes accessible to people.

The Probably Serious Quiz is an exciting journey inviting users to dig into the history of stablecoins and The Open Network. Its participants will receive a 0% service fee for USDt on TON and Toncoin swaps on the Changelly platform that seeks to grant the most convenient access to the newly launched stablecoin and support the growth of the TON ecosystem. The campaign will last from April 23 to May 7, 2024.

“TON follows the path mapped out by Bitcoin creator Satoshi Nakamoto. Their dedication to building a truly decentralized Web3 ecosystem and blockchain community is remarkable, and I believe the USDt launch is poised to revolutionize the adoption and utility of stablecoins. This is a huge step forward in boosting mass adoption as stablecoins finally have a chance to become part of the daily life of an enormous audience,” comments Changelly CEO Jake Cormack.

The launch of this campaign follows the integration of Changelly into Tonkeeper, one of the leading crypto wallets in the TON ecosystem, and Changelly’s milestone achievement of over 7 million users registered worldwide.

About Changelly

Changelly is a global crypto exchange platform serving over 7 million users worldwide. Founded in 2015 and headquartered in Hong Kong, Changelly offers safe and fast crypto-to-crypto and fiat-to-crypto exchanges of over 100,000 trading pairs with 24/7 live customer support. As a CeDeFi ecosystem, Changelly provides its B2B partners with an instant exchange API, a platform for listing, and a DEX aggregator for decentralized swaps.

Changelly is available on the desktop, in the App Store, and in Google Play. Follow their social media: X (Twitter), Telegram, Instagram, Facebook, LinkedIn, and YouTube.

Contact

Ashley Vancouver
Changelly
pr@changelly.com

WEEX Exchange Unveils WXT Token to Enhance Ecosystem and Reward Community Engagement

Chainwire

April 23, 2024

singapore, singapore, April 23rd, 2024, Chainwire

As a leading force in the cryptocurrency market, WEEX Exchange is poised to significantly elevate its ecosystem with the introduction of its exclusive proprietary token, the WEEX Token (WXT), scheduled for release this upcoming summer.

What is WEEX: Introduction

Since its establishment in 2018, WEEX has rapidly emerged as a leading force in the cryptocurrency exchange domain, offering robust, intuitive, and comprehensive trading solutions. Boasting over 2 million users worldwide, WEEX provides an extensive array of trading options, including spot and futures trading, along with innovative features such as copy trading. This positions WEEX as an all-in-one platform, enabling seamless transactions across a wide variety of digital assets.

Introducing WEEX Token WXT: The Token at the Heart of WEEX

In its continuous effort to enhance platform utility and user engagement, WEEX has introduced WXT, the token of the WEEX ecosystem, operating under the ERC-20 standard on the Ethereum blockchain. WEEX Token (WXT) is designed as the cornerstone of the WEEX ecosystem, serving as a dynamic incentive mechanism to reward the partners, contributors, pioneers, and active members of the WEEX exchange community. WXT is not merely a token, but a foundational element designed to enrich the community engagement and reward system within the WEEX exchange.

Dynamic Incentive Mechanism

WEEX WXT stands as a dynamic incentive, acknowledging and rewarding the contributions and active participation of the WEEX community members. This innovative approach is set to transform interactions within the platform, ensuring that contributions and engagement are duly recognized and rewarded.

WXT’s Technological Assurance: Audit and Security

The security and integrity of WXT hold paramount importance. A comprehensive audit by BEOSIN, a leading Web3.0 smart contract audit firm, has affirmed the WXT smart contract’s robustness, network security, and risk management protocols, guaranteeing its safety and scalability for broader adoption.

Exclusive Benefits for WXT Holders

Holding WXT opens the door to a plethora of exclusive benefits designed to enrich the trading experience on WEEX：

Futures Fee Discounts: Holders enjoy a 20% discount on trading fees with Futures Pro.
Referral Bonuses: An enhanced commission rate for those who bring new traders to the platform.
Copy Trader Benefits: Additional profit-sharing for those participating in copy trading.
Exclusive Interest Benefits: Opportunities to earn additional interest and rewards.
Exclusive Airdrop Rewards: Access to unique airdrops and promotional rewards.

WEEX WXT Supply and Distribution

WEEX WXT has a total supply of 10 billion, with an initial circulation of 3.9 billion. The distribution and release schedule for WXT are as follows:

Investor Protection Fund: 1.5 billion WEEX WXT (15%) are reserved to compensate users for losses not caused by their own fault, ensuring secure and worry-free trading.

WXT Ecosystem Fund: 1.5 billion WEEX WXT (15%) dedicated to supporting project incubation, aiding the growth of startups, and promoting Web3 technological innovation.

Private Sale: 500 million WEEX WXT (5%), locked for one year with a linear monthly release post-lockup, to reward WEEX exchange partners for their growth and shared success with the platform.

Holding Incentives: 1.5 billion WEEX WXT (15%), releasing 3% annually over five years, to reward investors for holding WXT, staking, and mining, recognizing their contributions to the WXT ecosystem and network.

The remaining 5 billion WEEX WXT (50%) support the ongoing development of the WEEX exchange ecosystem, including:

Team Incentives: 2 billion WEEX WXT (20%), locked for one year, with 2% released every six months over five years, to attract and retain top talent in the Web3 industry and motivate the team to achieve WEEX’s key objectives and long-term strategic goals.

User Acquisition and Retention: 1.5 billion WEEX WXT (15%), releasing 3% annually over five years, to ensure user growth and achieve key milestones in market expansion.

Brand Building/KOL Partnerships: 1.5 billion WEEX WXT (15%), releasing 3% annually over five years, for brand development alliances and partnerships with top KOLs in the Web3 industry, enhancing the visibility and transparency of WEEX and WXT.

Exclusive Holder Benefits

To achieve ecosystem incentives and share development benefits with the community, WXT has been crafted as a utility token with a wide range of planned uses and empowerment mechanisms:

– Launchpad: Holding WXT grants access to exclusive airdrops from projects considered promising by the WEEX WXT team.

– Exclusive Holder Benefits: These include discounts on trading fees on the WEEX platform, higher commission rebates, VIP privileges for holding certain amounts of WXT, greater profit-sharing ratios for lead traders, earning interest on held WEEX WXT, exclusive airdrops from marquee projects, and voting rights in coin listings.

– Deflationary Mechanism: WEEX Exchange will opportunistically initiate a WXT buyback and destruction program.

How to Get WEEX Token WXT?

The WXT presale is available exclusively to affiliates of WEEX, and will include a limited-time discount for participating members. [Users can apply to become a WEEX Affiliate here]

Other users can earn WXT through new user registrations, transaction mining, and participation in many of the upcoming WEEX events and activities.

Looking Ahead: WEEX and WXT’s Impact on Crypto Trading

With the launch of WXT, WEEX is not just releasing a token; it’s enhancing its ecosystem to provide even more value to its loyal users. The WEEX WXT team is optimistic that this initiative will attract a broader audience, fostering greater community engagement and solidifying WEEX’s position as a major competitor in the crypto exchange landscape.

WEEX is integrating WXT to introduce new features to crypto trading, aiming to provide a token that facilitates trade and rewards participation and loyalty within the platform.

For more information and regular updates on WXT and other offerings, traders and crypto enthusiasts are encouraged to visit the official WEEX website. As the launch date approaches, the crypto community anticipates how WXT will shape the future of trading on WEEX.

About WEEX

WEEX stands out as a trailblazing cryptocurrency exchange, founded in 2018, and is celebrated for its security-focused approach and user-friendly trading platform. Licensed by both the US and Canadian MSBs, WEEX operates within strict regulatory frameworks, presenting traders with an extensive array of coins and trading pairs. This includes Spot 116 and Futures Pro 176, with more than 5 new pairs being listed daily. As a security-focused and user-friendly cryptocurrency futures trading platform, WEEX is devoted to enhancing the trading journey, offering a range of services designed to suit traders at all levels. Among these services are low-fee futures trading, zero-fee spot trading, and the option to use up to 200X leverage on derivatives. The platform’s steadfast commitment to user safety and its position as a versatile choice for traders globally in the ever-evolving cryptocurrency market solidify its reputation as a leading exchange.

Users can sign up for a WEEX account here: https://www.weex.com/register

Users can visit WEEX Official Website: https://www.weex.com/

Media Email: felicia@weexglobal.com

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De.Fi Presented its Accelerator & Announced the First Raise on April 29th

Chainwire

April 23, 2024

Dubai, United Arab Emirates, April 22nd, 2024, Chainwire

◾ The Web3 sector is experiencing significant growth, with promising startups emerging at a rapid pace. De.Fi Accelerator is increasingly becoming an essential platform that assists these ventures in navigating the complex and dynamic landscape of crypto.

De.Fi, a leading Web3 super app for asset management built by security audit experts announced their new token launch platform, called De.Fi Accelerator, which will be launched on 29 April. Designed for a new cycle of web3 product launches, De.Fi Accelerator will be used for IDOs and to provide access to Web3 projects before they are listed on an exchange.

At this moment De.Fi has interviewed over 1,700 projects to select the best deals for its community.

The DEFI token is poised to dominate as the core token for the largest web3 Accelerator product. De.Fi is making significant strides in expanding the De.Fi ecosystem with the launch of the De.Fi Accelerator.

Users will find that the De.Fi Accelerator is set to emerge as the primary incubator for pioneering Web3 narratives, including:

EigenLayer Restakings.
BRC20s.
Layer-2s.

Here’s how users can benefit from De.Fi Accelerator: By staking DEFI tokens, users can potentially earn up to 40% APR and gain access to exclusive deals offered by De.Fi Accelerator. This enables users to invest early in web3 projects that the De.Fi team has identified as the most promising, becoming part of a select group with exclusive access. De.Fi Accelerator aims to be one of the unique accelerators focusing on raising funds for L1 projects at their early stages. De.fi team expects that numerous web3 unicorns would be incubated at De.Fi Accelerator.

Tiered System Based on Staking: Users need to stake DEFI tokens to accumulate points: these points determine their rank within the De.Fi Accelerator ecosystem. Points are determined by both the amount of DEFI tokens staked and the duration of the staking lock. The higher the user’s rank, the greater the benefits unlocked.

Users are welcome to acquire DEFI tokens through De.Fi Swap or from over 7 leading exchanges and can conveniently stake them on the Staking Platform.

The De.Fi team aims for the De.Fi Accelerator to become the largest accelerator for Solana projects

Solana-based IDOs (Initial DEX Offerings) platforms offering automated launchpad services made its first participants super popular and long-term players in the Solana ecosystem and gave the first investors the desired investment increase and ideal crypto portfolios.

Backed by a team of experts in crypto security, SocialFi, AI, and software development, De.Fi Accelerator aims to reward DEFI stakers and early-stage crypto believers and bring incredible support to new projects in the most popular areas of the crypto market today (EigenLayer, Restaking & BRC20 projects ) by providing a user-friendly platform and crypto security solution that shows promise in boosting the DeFi industry.

About De.Fi

De.Fi is an all-in-one Web3 Super App and Antivirus featuring an Asset Management Dashboard, Opportunity Explorer, and the world’s first Crypto Antivirus powered by the largest compilation of DeFi hacks and exploits, the Rekt Database. Trusted by 5 Million users globally, De.Fi aims to drive DeFi adoption by making the self-custody transition as simple and secure as possible. Backed by Okx, Huobi, former Coinbase M&A, and used by large companies worldwide, including University College London and Coingecko.

Website | Twitter | De.Fi Security | Rekt Database

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Maria Lyshchuk
De.Fi
marketing@de.fi

Unveiling the KARRAT Protocol: Pioneering the Next Era of Gaming, Entertainment, and AI Innovation, Reshaping Hollywood and Beyond

Chainwire

April 23, 2024

Camana Bay, Cayman Islands, April 22nd, 2024, Chainwire

The KARRAT Foundation is pleased to announce the launch of the KARRAT Protocol, which supports transformative AI and innovations in gaming and entertainment industries: from real-time animation content for the streaming industry and emerging products for retail, telecom, education and wherever imagination takes the community in the future.

$KARRAT is the governance token of the KARRAT Protocol. Using $KARRAT, the community will determine how the KARRAT Protocol is integrated into games and products, empowering the community of players and consumers, much more than traditional entertainment titles have.

My Pet Hooligan is the first gaming title to integrate the KARRAT Protocol and $KARRAT

My Pet Hooligan is the first launch title for the KARRAT Protocol. The flagship IP of AMGI Studios. The My Pet Hooligan game features cutting-edge motion capture tech, AI-driven conversational non-playing characters, real-time face-driven animation in the game, and, using the KARRAT Protocol, allows players to embody an NFT in-game. My Pet Hooligan won Best Action Game at the GAM3S.GG awards in December 2023.

$KARRAT empowers community decision-making over the KARRAT Protocol.

Central to the ethos of the KARRAT Protocol is the concept of empowered community decision-making. Traditional gaming and entertainment industries have long operated within closed-off silos, leaving communities without a voice in crucial decisions. KARRAT shatters this paradigm, with cutting-edge, on-chain governance.

With KARRAT Protocol, the community takes center stage, with a governance model that fosters inclusivity, transparency, and active participation powered by $KARRAT.

Airdrop Claim for My Pet Hooligan NFT Holders.

Holders of My Pet Hooligan NFTs are eligible for a $KARRAT claim. Claims can be made on the KARRAT website.

$KARRAT is now available on Coinbase, Gate and KuCoin.

About KARRAT FOUNDATION

The KARRAT Protocol is a decentralized gaming infrastructure layer, supported by $KARRAT and empowered by a truly decentralized community with a shared vision embracing gaming, entertainment and AI products catering for the new era.

About AMGI Studios

AMGI Studios is an independent gaming and animation technology company that lives at the intersection of gaming, animated AI technology and storytelling. The studio develops and produces traditional entertainment IP, and gaming properties through the use of its proprietary technology, AI integration and innovations in real-time animation. With a high-caliber creative team composed of artists and creators from studios such as Pixar, Disney and Industrial Light & Magic (ILM), AMGI Studios aims to be the bridge between Hollywood and the global gaming community. AMGI’s vision is simple — to empower dreamers and doers to make groundbreaking content by merging artistry and technology.

Contact

Director
Matt Shaw
Karrat Foundation
tyler@karratcoin.com

6 Strategies for Safely Storing Cryptocurrency

Block Telegraph Staff

April 22, 2024

6 Strategies for Safely Storing Cryptocurrency

In the quest for ironclad cryptocurrency security, we’ve gathered insights from a Trading founder who’s navigated the digital asset landscape with success. Alongside this expert recommendation, we present additional answers that further fortify the safeguarding of your crypto investments.

Use Hardware Wallets for Long-Term Security
Implement Multi-Factor Authentication
Enable Strict Transaction Signing Protocols
Protect Assets with Multisig Wallet Agreements
Update Software for Enhanced Security
Diversify Storage Methods to Reduce Risk

Use Hardware Wallets for Long-Term Security

Hardware wallets rock for keeping your crypto super secure long-term! I stash most of my holdings on a Ledger Nano X—that nifty device stores the private keys offline, making it virtually unhackable even if my computer gets compromised. I keep the Ledger tucked away safe, like in a home safe, to prevent any physical theft too.

For smaller amounts I trade more frequently, though, I utilize the wallets on trusted exchanges like Coinbase. Not quite as locked down as hardware, but handy for speedy, low-cost transactions. I’m crazy careful, enabling all the security bells and whistles on those exchange accounts though—unique, crazy-long passwords, 2FA, whitelisting withdrawal addresses…the whole nine yards.

Backing everything up is critical too. I’ve diligently written down the 24-word recovery seed for my Ledger and stashed copies in a couple of ultra-secure locations, just in case that device gets lost or fried. Same deal with encrypted backups of my exchange logins.

Staying vigilant is key. I keep that Ledger software updated, never share those private keys, and thoroughly research any new wallet or exchange before using it. Verifying addresses carefully and avoiding phishing attempts is a must too.

With the hardware for super secure long-term storage, trusted exchanges for active trading, comprehensive backups, and tight cybersecurity practices, I’ve built a robust system to protect my crypto holdings. Hacking, theft, accidental loss…I’ve got defenses stacked against all the common risks. It gives me mad peace of mind that my digital assets are on lockdown!

Markus Kraus
Founder, Trading Verstehen

Implement Multi-Factor Authentication

Employing multi-factor authentication adds a robust layer of security to your cryptocurrency accounts. By requiring multiple pieces of evidence before access is granted, it makes it significantly harder for unauthorized users to gain control. This method often includes something you know (like a password), something you have (like a mobile device), and something you are (like a fingerprint).

Each added factor ensures that even if one element is compromised, the others still stand as a barrier. Always remember to safeguard all elements involved in your multi-factor setup. Take action now by setting up multi-factor authentication on all your cryptocurrency storage solutions.

Enable Strict Transaction Signing Protocols

Enabling strict transaction signing protocols is an essential step in heightening the security of your cryptocurrency transactions. These protocols ensure that every transaction is thoroughly checked and authorized before being processed. It provides an additional layer of verification that helps in preventing unauthorized transactions that might occur due to compromised security.

It’s like having a specialized gatekeeper for each transaction, ensuring that only legitimate exchanges are made. It’s wise to review and enable the strictest transaction protocols available with your currency provider. Consider updating your transaction signing protocols today for better security tomorrow.

Protect Assets with Multisig Wallet Agreements

Utilizing multisig, or multi-signature, wallet agreements offers increased security for groups managing cryptocurrency assets. These wallets require multiple private keys to authorize a single transaction, ensuring that no single individual can act without the consent of other authorized parties. This division of power reduces the risk of theft or mismanagement, as it would necessitate collusion among all key holders.

Multisig is particularly useful for organizations or partnerships where joint control of funds is necessary. If you are managing shared cryptocurrency assets, initiate a multisig wallet agreement to protect your collective investment.

Update Software for Enhanced Security

Regularly updating and patching software associated with cryptocurrency storage is vital for maintaining security. Developers continuously work on identifying and fixing vulnerabilities that could be exploited by hackers. Keeping your software up-to-date means you benefit from the latest security enhancements and bug fixes.

Even the most secure system can become susceptible to attack if it is not maintained. Therefore, setting a regular schedule for software updates is crucial for ensuring your cryptocurrency remains protected. Check for any available updates to your cryptocurrency storage software and apply them without delay.

Diversify Storage Methods to Reduce Risk

Diversifying your cryptocurrency storage methods can significantly decrease risk and increase security. Just as investors diversify their portfolios to manage risk, using a variety of storage options – such as hardware wallets, paper wallets, and secure cloud storage services – minimizes the risk of total loss due to a single point of failure. This strategic approach does not rely on one method alone but instead balances ease of access with optimal security features.

When one storage mode is compromised, you have others that remain secure, ensuring that not all assets are at risk. Begin to diversify your storage methods to better protect your digital assets.

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Use Hardware Wallets for Long-Term Security

Implement Multi-Factor Authentication

Enable Strict Transaction Signing Protocols

Protect Assets with Multisig Wallet Agreements

Update Software for Enhanced Security

Diversify Storage Methods to Reduce Risk

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