Upcoming Bitcoin Halving and BTC News

https://smartereum.com/190257/upcoming-bitcoin-halving-and-btc-news/

Halving is when the BTC rewards per block are reduced to 50%, leading to a price change in BTC which is especially notable for traders. This also means there could be a decrease in the supply of new coins. It’s also likely to affect the efficiency of mining operations.

The latest bitcoin news predicts that the next halving is expected to occur in April 2024. The number of blocks would have hit 740,000 and the reward would fall from 6.25 to 3.125. The exact date of the halving hasn’t been released yet as the time it takes to generate new blocks varies with network average.

Bitcoin halving is scheduled to occur once every 210,000 blocks in an estimated four year cycle and will continue to happen until the network generates the maximum supply of 21 million Bitcoins.

Bitcoin halving is essential for traders as it reduces the number of new Bitcoins the network can generate. This also means limits in the supply of new coins result in increased demand and remain strong. Bitcoin has appreciated from past halvings, however BTC News reveals that this isn’t always the case as circumstances surrounding a halving differ. The demand is also unpredictable and can fluctuate significantly.

The History of Bitcoin Halving

So far, there have been three Bitcoin halvings: one in 2012, the next in 2016, and the last in 2020.

On November 28th, 2012, the price of Bitcoin was around $12. When the first halving took place, the price was close to $1,000. The next halving happened on the 9th of July 2016, when the Bitcoin price fell to $670. It later rose again in July 2017 to $2,550 per Bitcoin. BTC News states that in December 2017, the price reached an all-time high of $19,700. The third halving, which happened in May 2020, when Bitcoin was at $8,787, took prices to an all-time high of $69,000 by November 2021.

Reasons for Bitcoin Halving

Bitcoin halving happens as part of a protocol and is a key mechanism that controls the supply of any new coins coming into circulation. Here are the key reasons for halving:

To Control Inflation

The Bitcoin ecosystem may be controlled by inflation and halving helps limit any excess fluctuation. Lowering the block reward means that new Bitcoins entering the market have decreased value which assists in keeping the coins stable while increasing value in the long term.

The Impact on Bitcoin Price

Prices in Bitcoin seem to rise during halving events and an increase in the price has been directly linked to this halving process. Price appreciation due to halving has resulted in an expected decrease in supply, while demand rises. The trend has been ongoing with past halvings but it’s important to note that the next halving isn’t guaranteed to be the same.

It Controls Supply and Scarcity

Halving reduces mining rewards and decreases the rate at which a new Bitcoin is generated. This means supply can be managed and constrained with scarcity encouraging high value for the deflationary asset.

Economics and Market Forces

The halving event causes economic changes for the broader market, especially for Bitcoin miners. During a halving event, miners must modify operations to remain profitable within a lower block reward, increasing competition and driving away unproductive miners.

The Importance of Bitcoin Halving

Bitcoin halving has resulted in the following events:

  • An increased use of the currency in the real world
  • More coverage from the press for Bitcoin and other cryptocurrencies
  • An increased fascination with the anonymity of the digital currency
  • Increased volatility due to a decreased supply of Bitcoin, raising the value of Bitcoin for mining, making it an attractive investment
  • A reduction in unproductive miners

In the past, halving has become a pattern that many investors and Bitcoin owners look forward to.

Does Halving Affect BTC Price?

Based on positive past results, the price of Bitcoin is likely to continue fluctuating. These changes can be difficult to predict as the exact impact of halving is determined by the Bitcoin market. With all halving events, the expectation is that BTC prices should increase due to the decreased supply of coins. The uncertainty inherent to Bitcoin halving occurrences is another factor that makes it difficult to make accurate predictions.

When will 21 Million Bitcoins be Reached?

Based on the current trajectory of Bitcoin halving events, it is predicted that 100% of Bitcoin will be mined by 2041, with 98% already in supply by 2032. Note that these aren’t guaranteed results, just predictions, as the Bitcoin market is highly volatile and difficult to determine.

Carolyn Coley is a blockchain reporter. She joined Smartereum after graduating from UC Berkeley in 2018.

Crypto Social Trading Platform Zignaly Launches its Unique Solution for Fund Managers & HNWIs

https://smartereum.com/190255/crypto-social-trading-platform-zignaly-launches-its-unique-solution-for-fund-managers-hnwis/

Singapore-based social investing marketplace Zignaly is introducing a new product called  Z-Prime to bring digital asset fund management to everyone. This new one-of-a-kind technology solution will provide high-net-worth investors (HNWIs) and fund managers with advanced tools to operate their own investment management platforms.

The Power and Versatility of Z-Prime

Through Z-Prime, Zignaly aims to enable funds, fund managers, and community leaders to easily provide fund management services in a controlled environment. This white-label solution is also powered by Zignaly, which handles all back-end services from technology and accounting to onboarding.

Z-Prime is the latest addition to Zignaly’s sophisticated fund management tools, founded in 2017 by A. Rafay Gadit, David Rodriguez, and Bartolome R. Bordallo. Over the past five years, the platform has recorded more than $5.6 billion in trading volume and amassed 500,000 users globally.

Building on this success, the popular crypto copy trading platform Zignaly aims to boost financial freedom globally. It does this through its flagship profit-sharing product and marketplace, offering expert-managed investments, monetizing traders’ strategies, and granting global investors transparent access to these methods.

Tailored Solutions for Diverse Investment Needs

Zignaly’s list of services, including its powerful trading terminal, automated trading, and the ability to confirm sell signals at the touch of a button, now also covers the bespoke solution Z-Prime, which has already garnered much support and enthusiasm from Zignaly clients and partners.

The firm has already introduced three versions of its sophisticated product, catering to different investor types based on their size.

The first is Z-Prime, which is designed primarily for medium-to-large crypto-oriented hedge funds keen on leveraging the full capabilities of Zignaly under their own brand. This solution empowers hedge funds with a platform to manage clients’ assets directly while maintaining custody.

For entities with a smaller footprint, such as small-sized funds, individual traders, KOLs, and private fund managers, Zignaly presents Z-Prime Lite. This variant lets managers operate within the existing Zignaly ecosystem yet offers them the autonomy to manage their investors privately.

Lastly, there’s Z-Prime VIP for high-net-worth individuals (HNWIs) who desire a more personalized touch. This bespoke solution provides exclusive access to the services of Zignaly’s premier Z-Prime Partners, all within a unified domain.

Through its different versions, Zignaly is offering a personalized and problem-solving fit for different types of investors, but at the same time, using its Pooled Fund Management approach, the company ensures all the clients of ZIG Prime users receive identical returns and zero latency.

Zignaly will also use a significant portion of the Z-Prime recurring revenue for its ZIG Coin BuyBack-&-Burn Program. The token is used to pay for services and success fees, receive trading fees, and participate in Zignaly Vault. This way, the new product will also add tremendous value to ZIG, the native utility token that powers the entire Zignaly ecosystem.

Carolyn Coley is a blockchain reporter. She joined Smartereum after graduating from UC Berkeley in 2018.

Game-Changing CJournal is Attracting More Users to Support Independent Journalism

https://smartereum.com/190250/game-changing-cjournal-is-attracting-more-users-to-support-independent-journalism/

As press freedoms facing unprecedented assaults from attempts at censorship and the proliferation of fake news around the world, blockchain and distributed ledger technology are emerging to protect journalism.

Blockchain’s application in journalism is still in its experimental phase. CJournal, a project aiming to build a decentralized journalism platform, is starting a great trail in this space. Currently, there are about 500 daily active users/addresses and over 10, 000 daily trust ratings, and the number is still increasing, proving the strong potential of CJournal and the application of blockchain in journalism.

In CJournal, anyone can become a publisher and all media professionals can operate independently of traditional media platforms and capital to publish authentic, objective, and accurate news. With this goal, CJournal is about to open a new age for independent journalism.

Thanks to smart contracts, the news world can return to a value-driven approach to journalism. In CJournal, authors will have the freedom and independence to write about what truly matters to them. Decentralized blockchain technology can be used to manage many aspects of the media and offer access for every user on the blockchain to all platform information. As a result, the distribution of advertising, copyright protection and payment of authors is more open, accurate and direct. In this new model, the value of journalism becomes the most important factor for media organizations or individuals to consider making profits.

It is also worth mentioning that CJournal, being a Read to Earn project, can not only create transparent and credible on-chain news and reviews for the crypto industry, but also offer users rewards after reading and reviewing articles. The read to earn scheme is a strong incentive for people nowadays to read more and empower themselves in this web 3.0 era. In CJournal, a platform full of first-hand authentic, objective, and accurate blockchain news, users can understand the latest cryptocurrency trends.

At the same time, CJournal’s algorithm can sort through users feeds and highlights, and can come up with most significant topics, events, and trends based on users’ personal interests. The personalized news feed feature can on the other hand allow users to personalize their news feed based on their interests, sources, and location.

In the coming stage, CJournal will put forward some more functions, such as top stories, the most important crypto news of the day and ranks by popularity; full-coverage view, a comprehensive view of all news coverage for a specific topic, including articles, videos, and photos from multiple sources; and highlight extraction, highlights and notes from articles to in an easier-to-read form, etc.

For authentic journalism to thrive, it is necessary to create new incentives for content production and eliminate the erosion of journalistic integrity through commercial and political forces as much as possible. CJournal, with its innovation and ambition, and read and earn stimulation, is making an extraordinary difference to the industry.

Carolyn Coley is a blockchain reporter. She joined Smartereum after graduating from UC Berkeley in 2018.

From Inefficiency to Innovation. Here’s How the Global Payments Arena is Continuing to Evolve

https://smartereum.com/190247/from-inefficiency-to-innovation-heres-how-the-global-payments-arena-is-continuing-to-evolve/

There is no denying that the global fin-tech landscape has matured and grown quite rapidly over the past three decades, thanks mainly to the inception of different digital payment mediums. However, with issues pertaining to transaction delays, high transfer fees, etc., at an all-time high, newer, more efficient, secure, and accessible payment systems must be made available to the masses.

To put things into perspective, a report by consulting giant McKinsey suggests that the payments market drew a revenue of $1.9 trillion in 2020. Moreover, digital transactions are estimated to keep growing at an annual rate of 20% in the near-to-mid term, therefore signifying the need for financial entities — traditional and otherwise — to keep up with the fast-evolving needs of the global economy.

In this regard, the United States Federal Reserve recently announced the launch of its real-time payment network ‘FedNow,’ which, as the name suggests, is a platform that makes clients’ funds available for withdrawal as soon as money is deposited into an account and/or available for instant payment for goods and service— at least on paper, that is.

Decentralization — The key to revamping the payments market

Even though the FedNow project is a significant move forward for the faster remittance market — since it allows for transactions within seconds — it still suffers from several operational bottlenecks and peripheral inefficiencies. Rollout of the service is slow, only a handful of banks upgraded their infrastructure to date to be able to participate; the service is sole US- specific and many financial institutions likely to take years to be able to join. Moreover, many users have reported facing delays accessing their deposited funds on the platform, sometimes facing up to five working days for their funds to reflect in their accounts.

These delays often result in excessive overdraft fees, costing unsuspecting users a decent sum of money. To this point, a recent Bloomberg story notes that bank overdraft fees cost American consumers in excess of $8 billion per annum. Lastly, even after being touted as a real-time payments system, FedNow’s lack of immediate availability of funds because of poor interoperability has left the door for newer, more decentralized options to make their presence felt in the market.

Cross-border payments – the holy grail of modern finance

In today’s interconnected world a global and cross-jurisdictional compliant payments infrastructure remains the goal. Large card networks, financial gateways, and global banks are all involved in the race to simplify and speed up global financial transactions and settlements, so are crypto and fintech startups. Several well-established crypto firms and their clients (Circle, Ripple, Stellar and Coinbase among them) already rely on cross-border transacting in stablecoins tied to fiat currencies, thus minimizing or even eliminating fees and maximizing payment processing efficiencies.

With over 60 countries worldwide in the process of rolling out instant payment systems, real time transaction processing rails are becoming mature and the undeniable convenience of getting paid fast is no longer a wish, rather an expectation, for businesses, teams and consumers alike.

While FedNow primarily focuses on clearing/settlement of retail transactions within the US, new players take it further aiming to alleviate many of the challenges above for domestic and cross border payments. For example, the Zebec ecosystem released the Nautilus Chain, which provides clients with real-time continuous settlements, capable of supporting real-time payroll and by-the-second payment applications and services. This allows businesses to pay employees and partners in real-time in a tax-compliant way.

“We are optimistic in our projections, but grounded in data: in the first 8 months Nautilus has facilitated over 50 million transactions, 400,000 wallets and deployed 3,000 smart contracts. We plan to surpass other payment blockchain networks in interoperability, transaction speed and security, ” said Sam Thapalia Zebec’s founder.

FedNow is also centralized, which means it is potentially susceptible to attacks and scalability issues. On the other hand, blockchain-powered operational frameworks offer additional level of security and transparency, as well as a drastic reduction in fees.

Predatory loans and the urgent need for immediate access to earned pay

In addition to the issue of poor real-time transaction settlements, another problem pervading the payment market has for years been that of ‘predatory loans.’ In brief, these loans tied to paycheck are part of a lending practice where an individual/entity imposes extremely skewed repayment terms on a borrower.

In fact, the devious nature of these loans has caused many people to be evicted from their homes, caused individuals to be faced with real estate foreclosures, and in some dire cases, total bankruptcy. If that wasn’t enough, studies have shown that they are a big factor in broadening the wealth gap that currently exists worldwide.

Despite all this, numbers show that the practice of predatory lending has continued to grow over the past decade, with there even being a 50% increase in these offerings between 2019 and 2020.In this regard, the idea of payment streaming to enable real-time compensation allows users to bypass the need for predatory payday loans by allowing employees to access earned wages instantaneously

Looking ahead

As more and more people, employers and financial institutions continue to seek out innovative financial tools to facilitate their local/international monetary transactions, it will be interesting to see the dawn of this new financial paradigm. With the rise and adoption of tools like FedNow, add others (Ripple, Stellar, Zebec, etc.) the payments market is getting a major makeover and it is anyone’s best guess as to what the future now holds! Thus, it is fascinating to watch how the future of this space pans out from here on end.

Carolyn Coley is a blockchain reporter. She joined Smartereum after graduating from UC Berkeley in 2018.

A Look at How Web3 is Empowering Individual Creators and Developers

https://smartereum.com/190245/a-look-at-how-web3-is-empowering-individual-creators-and-developers/

Since its inception, the Web3 market has helped usher in a plethora of unprecedented financial opportunities for all of its stakeholders thanks, in large part, to its ability to allow users to create, monetize, and interact with their target audience in a highly streamlined manner. Statistically speaking, the unique technological and financial proposition put forth by Web3 has resulted in the sector welcoming more and more institutional players over the last 36 months. In fact, during 2022 alone, startups operating in this realm accrued a sizable $7.1 billion worth of funding from investors.

The financial services industry, in particular, is leading the roost when it comes to incorporating Web3 technologies. This is highlighted by the fact that through a better portion of 2021 and 2022, decentralized finance (DeFi) exchanges were processing a daily trade volume of over $10 billion, with this number climbing as high as $25 billion earlier this year. Another indicator of the growing adoption of Web3 in finance is that more than $200 billion worth of loans were distributed via the world’s leading DeFi platforms in 2022.

Why Web 3?

From the outside looking in, Web3 empowers creators to monetize their personally crafted data in numerous ways. Unlike traditional centralized systems, Web3 platforms are distributed in nature, ensuring that creators retain total ownership/rights of their content — all while bypassing the need for any middlemen or intermediaries.

One way through which Web3 allows for this to happen is via the tokenization of assets. To this point, creators can mint digital tokens linked to their work, representing ownership or a share in the asset. These assets can then be sold and traded across different marketplaces, opening up peripheral revenue sources in the process.

Open Campus is a good example of this. The protocol, which is backed by educational behemoth TinyTap, harnesses the power of blockchain tech to tokenize educational content in the form of non-fungible tokens (NFTs). These tokens allow educators to sell their curated data on the open market while allowing them to retain control over their intellectual property (IP).

Also, Web3 helps develop a sense of community among its stakeholders by ensuring that all governance processes — such as voting — are carried out in a transparent manner. Not only that, it can also help facilitate collaboration and co-creation, allowing users to not only work with one another seamlessly but also share profits in a fair, pre-determined fashion (via the use of smart contracts).

The digital landscape is changing. Fast!

Expanding on the subject of data monetization, one project at the helm of this ongoing revolution is Forta, a decentralized monitoring network designed to help detect Web3 threats in real-time. It allows developers to publish “intelligent threat feeds” — as part of its Scam Detector module — in lieu of monetary incentives.

Initially, bots operating on the network were operated largely by popular DeFi protocols or third-party networks (working under grants). However, since the introduction of Forta’s subscription fee model and its Threat Research Initiative (TRi), more and more independent developers have been incentivized to take part in threat detection activities like bot development, exploit analysis, and anomaly detection.

Bot developers now have the opportunity to earn sizable revenue streams since those detection tools that are well maintained and provide high-quality threat infor can potentially draw the attention of paying subscribers — allowing them to accrue earnings that are much higher when compared to traditional bounty/grant payout models.

To put it simply, by making use of such a reward-based framework, Forta is empowering smaller developers to enter the crypto fray, much like how Uber helped drivers across the world to earn money without having to affiliate themselves with one particular cab service.

Another Web3 offering that uses a somewhat similar financial premise is the Lens Protocol. It is an open-source tech stack that allows developers to build social media apps and, through its ‘Collects’ feature, allows users to take control and monetize their work.

Lastly, Sweat Economy is a Web3 platform that allows exercise enthusiasts to convert their daily steps — recorded on their smartphones — into digital tokens. These assets can later be exchanged in lieu of popular digital assets such as USDT, ETH, etc, or redeemed for physical gifts and rewards.

Looking ahead

As the global economy continues to be shaped by decentralized technologies, there is reason to believe that platforms that allow users to monetize their content without any middlemen — who typically take a huge share of the profits — will continue to garner a growing amount of mainstream traction. Therefore, moving ahead, it will be interesting to see how this burgeoning financial paradigm continues to evolve and grow.

Carolyn Coley is a blockchain reporter. She joined Smartereum after graduating from UC Berkeley in 2018.

Messi Teases Involvement with Blockchain for Good Platform PLANET

https://smartereum.com/190242/messi-teases-involvement-with-blockchain-for-good-platform-planet/

Global footballing superstar Leo Messi has taken to his Instagram once more, sharing an image of himself holding a box inscribed with “Join The Planet.” The message on the post is simple – emphasizing that he has been working on something close to his heart. The post was then reshared by his football team Inter Miami CF, tagging the Twitter account @JoinOurPlanet.

This isn’t the first time that the footballing superstar has hinted that he is working on something to do with the environment. The first hint was on June 16th, when he posted a brief clip showing him kicking away a can of pollution with his famous left foot. On July 6th, he released an extended version of the video — one with more clues. As he walks through a cityscape, the PLANET logo and an invitation to Join the Planet are visible on a billboard in the distance. On the 25th of July, Leo Messi’s new team InterMiami CF shared the video from their official Twitter handle, leading fans to speculate that Messi’s team had joined his environmental mission.

The Twitter handle @JoinOurPlanet belongs to blockchain for good project PLANET, which uses the power of celebrities, fandom and technology to direct global momentum towards environmental and social causes as outlined by the 17 United Nations Sustainable Development Goals.

PLANET partners with the world’s biggest celebrities to disrupt the $300 billion Green Tech market. PLANET wants to change how celebrities interact with Web 3 projects, moving away from mere sponsorship to long-term partnerships towards shared sustainability causes. The project brings collectible Real-World Assets (RWAs) to Web3 and offers real-life experiences to global fans. PLANET uses Amazon’s flywheel model for sustainable revenue generation with the $PLANET token at its core, and its utilities ecosystem includes Mystery Boxes, DAO governance, Ecosystem Fund and more.

But what’s in the box that the footballing GOAT is holding?  The community believes that it is a sighting of the celebrity-backed RWAs that PLANET has previously announced.

The Certik-audited $PLANET token underpinning the PLANET platform launched on decentralized exchange Uniswap and is listed on popular centralized exchanges like Bybit, Gate.io, MEXC, BitMart and Poloniex. $PLANET has also bridged to the BNB Smart Chain and is available on Pancake Swap— where it has been selected for a Pancake Swap staking pool and farm.

Since its fair launch on May 30th 2023, PLANET has been teasing the existence of Greatest of All Time (GOAT) personalities it has partnered with, and multiple celebrities supporting its blockchain for good cause. With his latest post, shared by Inter Miami CF, it seems a given that Leo Messi has indeed partnered with PLANET to work together on an environmental cause close to his heart.

Carolyn Coley is a blockchain reporter. She joined Smartereum after graduating from UC Berkeley in 2018.

How Blockchain Adoption Empowers Small & Medium Enterprises

https://smartereum.com/190240/how-blockchain-adoption-empowers-small-medium-enterprises/

Small & medium enterprises (SMEs) are a key growth driver. They account for almost 90% of all global businesses and create over 50% of the jobs worldwide. In certain emerging economies, they contribute nearly 40% of the GDP.

Yet, SMEs face steep barriers since giant corporations use their influence and capital power to set the rules in legacy systems. From sub-optimal capital or credit access to disproportionate costs, SMEs have to deal with a long list of disadvantages.

The times are changing, though, as enterprises increasingly adopt blockchain, cryptocurrency, and other emerging technologies. These innovation-led domains empower SMEs with lower costs, greater access, and overall, brings the benefits of non-intermediated, decentralized systems.

Notably, blockchain and related tech benefit the bigger and smaller enterprises equally, thus leveling the field for holistic growth. And Gartner predicts they’ll generate over $3.1 trillion in business value by 2030. That’s a tremendous opportunity for SMEs.

Tackling Centralization Across Industries

Financial enterprises are currently among the biggest blockchain adopters. It’s mostly a two-way relationship, centered around blockchain-powered alternatives to traditional services like lending, borrowing, etc. The parabolic rise of decentralized finance (DeFi) is solid evidence for the finance-blockchain synergy.

Having said that, blockchain’s use cases expand way beyond just decentralized lending-borrowing or trade financing. It unlocks tools to tackle core problems resulting from the excessive centralization common in traditional business or organizational models. These include unequal access, high costs, ineffective resource use, and operational silos.

Besides practical disadvantages, over-centralization also increases the risks of censorship, manipulation, and privacy or security breaches, given the singularly identifiable points of failure. This again raises other long-term concerns which merit separate, extensive discussions. What matters, here, is that blockchain unlocks viable means to build robust, cost-effective, community-oriented, decentralized alternatives to the legacy business infrastructure.

Enabling fundamental solutions is thus the reason why blockchain appeals to almost every industry, not just finance. Hacken’s in-depth research on enterprise blockchain adoption provides a good overview of how an expansive range of public and private entities leverage the technology in so many ways.

Banque de France, for example, is using blockchain to streamline financial netting, boost the liquidity and speed of digital asset transactions, and automate letter of guarantee processing. The National Center for Health Statistics at CDC is also exploring the tech’s use in improving public health. Marsh McLennan is using distributed blockchain-based ledgers for proofs of insurance. There are so many other names on this list, including Microsoft, IBM, and Natixis.

Blockchain’s Case for SMEs: Myths & Facts

Since blockchain technology is still in its early stage of development and market research, there’s much misconception about whether it’s good for businesses, especially the smaller ones. Thus a myth vs. fact approach to outlining how blockchain benefits SMEs gives the context and clarity decision-makers need.

People believe blockchains are too expensive and unaffordable for smaller enterprises. Given the regular spike in gas or transaction fees on platforms like Ethereum, this fear is somewhat justified. But it’s not so from a broader perspective. SMEs can rather enjoy lower overhead charges and merchant processing fees using non-intermediated, blockchain-based payment methods: cryptocurrencies, stablecoins, etc.

Moreover, emerging ‘Layer-2’ solutions and ‘Smart L2’ projects, like Metis, have found ways to improve blockchain’s scalability shortcomings—i.e., the root of high gas fees during peak network traffic—while retaining security and stability. Through core innovations like, say, Hybrid Rollups, these platforms help SMEs leverage decentralized, non-intermediated processes in a secure, private, and most importantly, cost-effective manner.

Another common misunderstanding is that all blockchain data is public and thus unsuitable for handling sensitive enterprise-grade information. However, blockchains aren’t necessarily public. There are ‘private’ and ‘permissioned’ blockchains—IBM Blockchain, R3 Corda, etc.—designed specifically for enterprises. And besides using specialized blockchains, enterprises can protect sensitive data with privacy-oriented solutions like Aztec or Aleo.

Taking blockchain privacy a step further, platforms like Polygon Zero, Metis, or Miden let enterprises use cutting-edge ‘Zero-Knowledge Proofs’ to validate transactions without revealing the actual content. This significantly bolsters the privacy of globally distributed public blockchains, enhances their scalability, and opens new avenues for enterprise adoption.

The Ease of Migrating On-Chain

Even four-five years ago, taking existing businesses on-chain was an uphill task—something most SMEs couldn’t afford to undertake. But it’s not so anymore, since rich user experiences and seamlessness have become a top priority for innovators.

Most of the new-age projects mentioned above offer easy onboarding for enterprises. Some even feature plug-and-play systems. And as the overall blockchain tech stack matures completely within the next ‘two to ten years’ per Avivah Litan, VP Analyst at Gartner, hassle-free solutions will become the norm for this industry.

Thanks to ongoing developments across blockchain ecosystems, this is arguably the best time for SMEs to adopt futuristic solutions for optimal performance and profitability. The best thing about emerging tech like blockchain is that the norms for their use are still in the making, which means smaller entities can get their interests heard from the get-go. And while it’s unlikely that blockchain ecosystems will ever become corporation-dominated like legacy domains, early adopters can reap special benefits.

Carolyn Coley is a blockchain reporter. She joined Smartereum after graduating from UC Berkeley in 2018.

What Are the Different Legal Rights That Crypto Gamblers Have?

https://smartereum.com/190234/what-are-the-different-legal-rights-that-crypto-gamblers-have/

Legal rights of crypto gamblers vary from country to country. Check out the regulatory and legal status of your country before engaging in crypto gambling.

Today, cryptocurrency has become a popular decentralized currency across different industries, including the iGaming sector. Similar to most cases surrounding currencies and other developments, speculation and popularity go hand-in-hand. The legality of crypto gambling is a hot topic frequently in different countries. Casino operators who are starting their crypto casinos to provide the crypto slots and card games, for that matter, get confused by the ambiguous decisions and controversial facts of crypto gambling.

The operators have a great desire to run their business legally, and to do this, they try finding out if offering casino games on their crypto-gambling sites is legal and whether their platforms need to be regulated or licensed. Things are changing rapidly around the world, and it is difficult to identify the key global strategy. Every country has its trends regarding crypto gambling and providing the best crypto slot. In this article, we have thoroughly researched the regulation of different countries to determine the legal rights of crypto gamblers.

What is Crypto Gambling?

Crypto gambling involves playing online casino games and sports betting using digital currencies as a mode of payment. Cryptocurrencies provide multiple benefits to both casino operators and gamblers. Crypto gambling sites provide a digital environment where users can gamble using their cryptocurrency holdings.

Online casinos employing cryptocurrencies can be categorized into two groups:-

  • Off-chain gambling sites that use centralized services usually employ a third party to allow fiat-to-crypto conversions. These platforms are easier to monitor for the regulators, and users are barred from joining the platform if there is ever a ban on gambling or crypto usage.
  • On-chain gambling sites that use decentralized apps to operate. As a rule, these apps do not require user sign-ins or registration. Hence, they are difficult to monitor and track players on the platform.

Legal Status of Crypto Gambling

Coming to the regulation and legal status of crypto gambling, the activity is considered legal only if the conditions below meet:-

  • A jurisdiction allows online gambling
  • A jurisdiction allows the use of crypto within the territory

Let us now discuss crypto gamblers’ legal rights and gambling regulation on a country level.

Legal Rights for Crypto Gamblers

Here are some of the legal rights for crypto gamblers in different countries:

United States

Gambling laws in the United States have not regulated or banned crypto gambling in the country. The US institution that takes care of the country’s financial regulation, FinCEN, has issued regulatory bills involving convertible digital currencies. Based on that Guidance, online gambling platforms that transmit money through CVC (Convertible Virtual Currency) are regulated under the Bank Secrecy Act as money transmitters. Every state in the US is allowed to introduce its regulations regarding using cryptocurrencies in online casinos. While the majority of the states prefer to limit or ban the use of crypto gambling sites, a few others, including Nevada, Michigan, Delaware, Connecticut, New Jersey, West Virginia, and Pennsylvania, have explicitly allowed crypto casinos to operate legally. Hence, if gambling in a particular state is legal, online casinos must obtain a valid license to operate illegally.

United Kingdom

Coming to the United Kingdom, the UK Gambling Act does not include any provision related to crypto gambling. The UKGC (United Kingdom Gambling Commission) is responsible for regulating gambling activities, both online and offline, in the country. The UKGC considered using digital currencies in 2017, allowing casino operators and players to convert in-game items into money. However, facilities offering such crypto-gambling features needed to be licensed to operate legally. Additionally, if UK crypto gambling businesses want to accept digital currency as a mode of payment, they must comply with the AML obligations to act socially responsible. This means crypto gamblers in the UK can play games with digital currencies, provided that they undergo proper identity verification on their chosen gambling sites.

Canada

Canada is relatively strange regarding crypto gambling since the regulators are quite strict on local casinos. Every province in Canada has the right to manage and conduct gambling services. Although online gambling is illegal in many provinces in Canada, gamblers can use offshore platforms to play the best crypto slots using digital currencies. In 2022, the iGaming industry started to operate in Ontario, and the other provinces are most likely to follow in the footsteps of Ontario very soon. Irrespective of whether the casino uses fiat or cryptocurrencies to provide gambling services, it must comply with CFT/AML regulations, including using different verification procedures, such as KYC.

Asia, Australia, Africa, and South America 

The crypto gambling scenario is similar in Asia, with the legality of crypto gambling wildly varying from country to country. While crypto betting may be regulated and legal in countries like Japan and many other countries such as China and Bangladesh, it is completely illegal for casino operators to provide gambling services using crypto.

Things are pretty straightforward in Australia concerning crypto gambling since the regulatory bodies and the government ensure formal regulations. The Government of Australia has taken a relatively proactive approach to regulating crypto gambling and online betting to protect its citizens and ensure that the crypto casinos in the country operate transparently and fairly.

Coming to Africa, some countries are allowed to provide crypto gambling services where players can wager freely using digital currencies; others have strongly prohibited the act. Online gambling is regulated and legal in South Africa. However, in Kenya, the legal status still requires clarification as the government needs to take more precise regulatory action.

South America is another country that has varying legal statuses regarding crypto gambling. Top countries like Brazil use protocols to regulate the operation of crypto casinos; therefore, it is legal to gamble with crypto. However, many other countries, such as Argentina and Bolivia, do not have any outright laws about the legal operation of crypto gambling sites. This leads to a problematic situation for punters as they are unclear about the rules and regulations in the country.

Conclusion

In conclusion, the legality of crypto gambling varies considerably from country to country. While some have well-established and clear rules and regulations, others have yet to consider the regulatory decisions around crypto gambling. Cryptocurrencies have undeniably grown exponentially in terms of popularity, and it is likely to grow further in the years to come. With this, more countries will begin to regulate the industry in order to protect their consumers and ensure fair and transparent operation of the industry. However, it is the sole responsibility of the gamblers to be aware of the regulation in their country and gamble responsibly before joining any crypto gambling site.

Carolyn Coley is a blockchain reporter. She joined Smartereum after graduating from UC Berkeley in 2018.

Venture Capital (VC) – Venture Capitalists

https://smartereum.com/190224/venture-capital-vc-venture-capitalists/

Abstract

(VC) Venture Capital means investing in newly founded and growing companies. Investing in these companies is attractive because of their high growth potential and high efficiency. Companies by Venture Capital are chosen for investment, they usually operate in the fields of technology, software, internet and similar services. In these areas, due to high dynamics, rapid changes and fierce competition, companies need more capital to continue their growth and achieve their goals. Venture Capital they also help startups gain access to other resources, including connections and experiences of larger companies and other investors. Also, investing in young companies is considered as an opportunity to create wealth and create jobs for the society.

Keywords: Venture Capital, VC, venture capitalist, investment, startup

Introduction

Venture Capital it is a form of private equity financing that focuses on investing in startups, companies is in the early and emerging stages. Financing is provided by companies or venture capital funds, which seek to invest in companies in these categories that they believe have high growth potential due to innovative things in their business model.

Body

Venture Capital (VC) is a type of investment that individuals or companies invest in newly established or start-up projects in order to obtain more and higher profits.

The emergence of the Internet in the early 1990s gave rise to the growth of the Venture Capital industry; Because investors saw the launch of companies with very high growth potential. Since in the investment world, high profit is always associated with more risk, this type of investment is called risky investment.

This type of financing, which may not be financial in some cases, is done by people or companies who are hopeful about the future of a new project and want to invest in it in the early stages (seed startup). This capital is usually Awarded to small companies with high growth potential or companies that are rapidly growing and expanding. For this reason, this type of financing is called venture capital because the investors have not seen any performance or output from the project team and sometimes they count on the predictions and ideas that come up. Risk-taking investors usually become the main shareholders of these companies and participate in the company’s decisions. An important difference between venture capital and other private investments is that venture capital is focused on emerging companies seeking large capital; While private investment focuses on larger companies looking for working capital or capital injection. The second case can be in the form of shares and people can participate in investment by buying shares of companies.

In order to attract capital from VCs, startups must provide a road map and business plan and answer the investors’ questions as much as they can. If investors are interested, they will do their own research in a more complete way, since VCs provide large capitals for small companies, this research is an important part, when the research is finished, it is usually done step by step. It is given to the startup, this capital can only be in the form of

There is no money and it includes the provision of facilities and. is also At the end, after the completion of the period desired by the investors and in the form of transfer of shares, the investment banks come and buy the shares of the companies from the investors. In this way, other people can also enter the project.

The profits of VC companies are usually provided in two main ways:

Stock sale: When the start-up company is growing and succeeding, its stock value increases. in this case,the VC company can sell its shares and earn a profit in this way.

Growth and development of the company: With the development and growth of the start-up company, the value of the company’s shares increases. In this case, the VC company can not sell its shares and wait to increase its profits when it has a higher value. This usually happens when the start-up company goes public or if a larger company is bought by that company, the value of the VC company’s stock increases.

Another way is that wealthy individuals, insurance companies and organizations may pool their funds together and hand over control and management to a Venture Capital firm. This company invests in markets that are very risky and dangerous for investment from the point of view of banks and other capital markets. Usually, in addition to its commission, this company takes a percentage of the profit from the investment as a fee.

In general, VC companies operate by investing in start-up companies with the aim of earning profits in the future, and they earn their profits with the growth and success of the companies.

Advantages of using VC for small companies:

  • Business experience and expertise
  • More support
  • Broader communication and networking
  • Lack of obligation to repay the capital
  • More trust

Disadvantages of using VC for small companies:

  • Less ownership and less control

Because VCs allocate a lot of capital to these startups, they usually become members of the board of directors for a period of time (5 to 6 years) and they actively participate in many decisions and every decision must be accompanied by the investor’s satisfaction.

  • Early withdrawal of the venture capitalist:

A VC firm can provide active support in a number of important areas, including legal, tax, and personnel matters, which is an important stage of a startup’s growth.

  • Valuation lower than expected

VCs are usually in a hurry to sell their shares; As a result, the owner of the company may be under pressure to sell shares place to get their initial capital. This haste may cause unfair evaluation of the company and a low price is set for it.

Top VCs 2023: 

1)    Andreessen Horowitz

Andreessen Horowitz is an American Venture Capital investment firm founded in 2009 by Mark Anderson and Ben Horowitz. This company operates in the fields of information and communication technology, software, internet, objects, blockchain, robotics and other technology industries.

Andreessen Horowitz it gives new and local companies the opportunity to solve the problems that arise in the way of their growth with investment and financial support and helps them improve their products and market growth. This company is looking for projects that can respond to the problems that exist in societies by acquiring new ideas, through changing different industries and using technology.

Assets under management: $35 billion

Notable deals: Coinbase , Digital Ocean , Accolade , Slack , Pinterest , PagerDuty , Lyft , Okta

Investment in stage: Seed; Venture;Late_Stage

2)    Sequoia Capital

 Sequoia Capital it consists of a small team in Menlo Park, California. They started five decades ago and with starting their work with companies before their existence, they created a name for themselves only from the idea stage. One thing that sets them apart is that they don’t engage in an exit strategy like other venture capital firms.

They remain partners for a long time. They specialize in working with non-profit organizations such as hospitals and charities as well as technology companies. Their limited partner base allows them to spend personal time with each company they work with.

Assets under management: $28 million

Notable deals: Apple; Atari; Cisco; Google; Instagram; Airbnb; Stripe; Ford Foundation; Boston Children’s Hospital

Investment in stage: Seed; Early; Growth

3)    Dragoneer Investment Group

Dragoneer Investment Group is a growth-oriented investment company supported by global endowments, foundations, independent investment funds and family offices. They focus on technology-based businesses and generational growth and support them throughout the growth stages of their journey. Their expertise is working with businesses on the verge of an initial public offering and taking them to the next stage in the public market. Dragoneer has a wide network and a lot of experience working in the field of technology. In the private market, they use methods such as the sale of secondary shares or convertible bonds instead of using the traditional method of raising capital.

Assets under management: $24 billion Notable deals:

Alibaba; Appfolio; Atlassian; Datadog; Slack; Spotify; Uber; Strava; Klarna; Chime; Databricks; Glassdoor; Discord; DoorDash

Investment in stage: Growth;IPO

4)    intelligent Protocol

As a distributed protocol, the Intelligent Protocol uses blockchain networks to facilitate communication between individuals and companies, and utilizes distributed systems. The goal of the Intelligent Protocol is to create a distributed network of investments and support emerging projects. Additionally, the Intelligent Protocol enables secure and direct transactions for its users.

Other benefits of the Intelligent Protocol include launching a decentralized asset management system, utilizing artificial intelligence for startup validation and evaluation, and providing a unified platform for all necessary investment and payment processes. Furthermore, the Intelligent Protocol uses security mechanisms such as identity verification and digital signatures to prevent fraud in investment-related activities.

In summary, the Intelligent Protocol serves as a distributed platform that utilizes blockchain technology to create a distributed investment network and generate more opportunities for emerging projects.

Intelligent VC: 

Intelligent Ventures has created a fund that includes investments made through the Intelligent Protocol in promising startups, which includes some of the startups owned by Intelligent. The fund is available for investment to clients of the Intelligent Protocol, provided that the platform’s Robo-adviser allows them to take on risks. This means that clients can potentially benefit from investing in a diverse range of high- potential startups, with the guidance of Intelligent’s AI-based technologies and industry experts.

Competitive Advantages of Intelligent Ventures:

  1. Helping startups in various industries
  2. Utilizing AI in project approval process
  3. Experienced team and professional industry experts
  4. Providing decentralized investments through Intelligent Protocol
  5. Focus on high-potential early-stage startups
  6. Strong presence in both London and San Francisco
  7. Offers a range of funds to suit different investment goals

5)    New Enterprise Associates (NEA)

New Enterprise Associates (NEA) is a venture capital investment firm founded in 1977 and headquartered in Menlo Park, California. NEA has become one of the largest and most active venture capital investment firms in the world, with offices in San Francisco, New York, Boston and India.

NEA It focuses on investing in early-stage companies operating in a variety of industries, including technology, healthcare, energy and consumer. NEA typically invests in companies that have strong management teams, proven business models and significant potential for growth. The firm also provides financial resources and strategic guidance to help its portfolio companies succeed. In addition to traditional venture capital, NEA also operates a growth capital fund that invests in early-stage companies looking to grow their businesses.

Assets under management: $17 billion

Notable deals: Databricks; Genies; Strive Health; Black Diamond Therapeutics; Robinhood; Aetion; Cloudflare; Trillium Therapeutics; Instabase

Investment in stage:Seed;Early Stage;Market Growth

6)    Deerfield Management

Deerfield Management is a private equity firm founded in 1994 and headquartered in New York City. This company mainly operates in the health and pharmaceutical industries and invests in companies that operate in fields such as drug research and development, advanced medical devices and health technologies.

Deerfield Management It also invests in other areas, including companies active in the technology, energy, and social sectors. The purpose of this company is to create value for its investors and improve the health of society.Deerfield Management provides its invested companies with financial resources and strategic advice to help them develop and grow their business. The main goal of the company is to promote innovation and valorization of the health and life sciences industry.

Assets under management: $16 billion Notable deals:

Akari Therapeutics; ZymoGenetics; Stelexis Therapeutics; ISTA Pharmaceuticals; Exelixis; Children’s Health Fund

Investment in stage:Early;Growth;Late

Conclusion:

VCs, as one of the important methods of investing in new and innovative companies, are very important for the development and growth of these companies. Also, various VC companies with diverse goals and fields of activity operate in this field and help start-up companies as a source of investment and strategic advice. In addition to investment, these companies help in the development and growth of businesses by providing services and advice to their invested companies, and they also benefit from the development of technology and scientific progress in various fields by cooperating with universities and research institutions. Investment by VC companies plays an important role in the development and economic growth of countries, focusing on the growth of start-up companies and innovation in various industries.

We analyzed top 6 Ventures in 2023-24 by our methods because we believe that, this field will continue to grow in years ahead. On the other hand, you should do your own research in each investment process and then start investing. I hope this article was useful.

Carolyn Coley is a blockchain reporter. She joined Smartereum after graduating from UC Berkeley in 2018.

A Comprehensive Guide on Crypto Plinko For Beginners

https://smartereum.com/190214/a-comprehensive-guide-on-crypto-plinko-for-beginners/

Regarding features and promotions, the crypto Plinko Game is more akin to an arcade game and is accessible at blockchain casinos. These promos include free spins from different suppliers. The winning sum is determined by the box in which the player’s ball falls after rolling it down a maze of pins.

On January 3rd, 1983, the program “The Price is Right” famed-priced Plinko casino games were first shown on television. Since then, they have been rather popular among gamblers looking to try their luck in cryptocurrency gaming.

What Are the Rules of Crypto Plinko Games?

Whether participants play live at a casino or crypto Plinko games online, the fundamental game possibilities are the same. The gameplay is straightforward. Every Bitcoin Plinko game has a pyramid-shaped gaming board that is made up of a maze of pegs.

Online casino players must roll a ball from the top of the pyramid when the price games begin, and the ball falls and is deflected by the pegs. The pegs then plot the ball’s path until it reaches the pyramid’s base and rests on a certain slot machine, establishing the winning sum for the crypto Plinko games.

Before pressing the “play” button to play Bitcoin Plinko and the ball rolling down the pyramid, Bitcoin players may decide which of the ball’s alternatives or Bitcoin Plinko chips they want to use and make a minimum wager.

The online Bitcoin slots at the pyramids’ bottom corners often have bigger reward values than those at the bottom centers.

Key Characteristics of Crypto Plinko

The rules of Bitcoin Plinko are clear-cut and basic, much like those of other crypto arcade games. There are several fantastic alternatives and free spins available to users on the Bitcoin Plinko online platform, including:

Auto Mode

The auto mode is available in the free spins slot machines provided by game providers is distinct from that seen in crypto Plinko. If players have enough casino chips and free spins, they may simultaneously press the “Play” button and roll down a stream of balls, quickly placing bets on each ball.

Playing online Bitcoin Plinko games, players can select any of the three colors simultaneously. Red had the largest reward value but also carried the biggest risk of loss throughout the game.

As a result, players should choose their balls carefully. The Auto Mode in a Bitcoin Plinko game online lets Bitcoin players decide how many bets and bonus spins they want to put at once. There is a minimum stake of 10 and a maximum wager of 1000. Users only need to click the “Stop Auto Betting” button to end the Auto Mode.

Risk Level

Bitcoin online Players can choose between high, low, normal, and low-risk levels when playing Bitcoin Plinko; the higher the risk level, the bigger the reward. In contrast, crypto Plinko balls of various colors in certain casinos provide Bitcoin Plinko games instead of the risk level classification.

For example, the danger is greatest for the red ball, moderate for the yellow, and highest for the green.

Provably Fair

All of the games on an online casino’s website that provide crypto Plinko games are guaranteed to be unbiased by third parties. Each consumer receives a casino hash code that they may use to check the games at Bitcoin Plinko’s are provably fair on a blockchain network.

Tips for New Players on Crypto Plinko Games

The outcome is determined by the path a dropped ball follows, and the ball’s final location is determined by how carefully the pegs are positioned at the base of the pyramid. To get the best returns, members should throw the ball in and determine whether the ball would go in an all-left or all-right direction.

To benefit from maximum payments, beginners should strive to drop the ball in the following ways:-

  • The ball should be dropped from either the left or right side to enhance the likelihood that the ball will land on the upper slots.
  • The ball should be dropped a few spaces from the center to enhance the likelihood of receiving the maximum number of deflections to fall on the higher reward slots.
  • Change the number of pegs to drop the ball in the slots with more significant rewards towards the lowest corners of the pyramid.

Guidelines for crypto Plinko

The online version of Bitcoin Plinko differs slightly from the TV version in that players don’t need to throw the disc manually to begin; instead, they just hit the “bet” button. The following are the game’s guidelines: –

  • A ball descends from the top of the pyramid once players hit the “bet” button after selecting their deposit amount and minimum bet size.
  • As the ball descends, it strikes the pegs.
  • Depending on whatever slot the ball falls in, a reward is awarded.
  • A sophisticated program and VIP program automate the whole gaming and produce the game’s conclusion randomly after each round.

How to Keep Track of Your Crypto Plinko Wins and Losses?

Every time players win or lose anything, they are responsible for keeping track of it by flipping to their left table. According to the slot machines, the ball lands in, and the left table shows their bet and the multiplier. The Bitcoin Plinko games’ following two features likewise make it easier for online gamers to keep track of their victories and losses:

Line Bets

Players can use line bets to predict the breadth of the pyramid foundation. The line can be estimated between 8 and 16; the higher the number, the larger the pyramid base will be, and as a result, the greater the likelihood of a future return.

Risk Level

The defined risk levels of the players determine the magnitude of the reward.

The default setting for the Plinko game is low risk, but the user can change it to a lower or higher level as desired.

Future Of Crypto Plinko

Online gambling enthusiasts worldwide have expressed appreciation for the change from the conventional to the online form of Bitcoin Plinko. As a result, a better future is anticipated for crypto Plinko games.

Conclusion

Crypto Plinko games online are among the simplest games enjoyed by gamblers worldwide. Bitcoin Plinko is a casino game that doesn’t need players to employ complicated techniques, so players may enjoy themselves and even win additional cash by playing it at the casino.

Carolyn Coley is a blockchain reporter. She joined Smartereum after graduating from UC Berkeley in 2018.

Successful IDO on DiamondLaunch Paves Way for Web3Shot’s Decentralization Governance

https://smartereum.com/190206/successful-ido-on-diamondlaunch-paves-way-for-web3shots-decentralization-governance/

In the past two days, the public token launch of Web3Shot Governance Token ($W3S) has caught great attention from the public. The IDO started on Wednesday April 12, 2023, at 2:00AM UTC and ended today (Friday April 14 2023) at 2:00AM UTC. The IDO was a big success with a total of 1549 addresses participating, marking a milestone in Web3Shot’s community building and decentralization governance.

In the Web3 era, people are either attracted or drawn to better understand the terminologies and adopt the new technology. Seeing this as an opportunity and wishing to empower users in the new era, Web3Shot is in place for massive web3 adoption. With Web3Shot’s easy-to-use Learn-to-Earn product and other gamified learning experiences, Web3Shot is aiming at onboarding billions of users to web3 world. At the same time, Web3Shot is also building a powerful community, with members at the center, for collective learning.

For a more inclusive future, decentralizing governance is a critical step toward ensuring the long-term success of any decentralized platform. With this community-owned DAO governance, Web3Shot community members can continuously learn and participate in Web3Shot, build partnerships, and create a bigger Web3Shot ecosystem together.

Web3Shot has been working hard towards this goal. Thanks to its effort, the market and users has offered some positive feedback. In April 13th, the total amount of Web3Shot users reached 500, 000; and in the past month, Web3Shot’s website traffic has grown by 1446%. This data not only demonstrated the popularity of Web3Shot, but also prove that Web3Shot’s strategy is the right way forward.

This IDO can be deemed as a giveback to the users, and more remarkably, a key step of Web3Shot’s strategic development of its decentralized governance. During the public launch, Web3Shot adapted the launch model of fair launch price discovery model, with 300K $USDT softcap and 450K $USDT hardcap. The minimum amount per address will be 100 $USDT, while the maximum amount per address is 300 $USDT. The whole plan and procedure undoubtfully contribute to a community-owned DAO governance that ensures a fair and equitable decision-making process that benefits all stakeholders.

Aspiring to become one of the largest Web3 communities, the next stage of Web3Shot’s development plan is to create personal learning experience enhanced by AI algorithm and offer more advanced gamified learning experiences. In the meantime, Web3Shot has also been collaboration and partnership with more Web3 projects to co-build the Web 3 ecosystem and working towards a DAO-style governance structure, marked by this recent successful IDO on DiamondLaunch.

Carolyn Coley is a blockchain reporter. She joined Smartereum after graduating from UC Berkeley in 2018.

With Decentralizing Governance, Web3Shot is Working Towards the Largest Web3 Community

https://smartereum.com/190201/with-decentralizing-governance-web3shot-is-working-towards-the-largest-web3-community/

With Web3 becoming an increasingly popular concept, the public started to pay attention to the idea, wishing to get a grasp of the terminologies and adopt the new technology. Several platforms have launched the market, aiming to offer users a platform to learn about Web3. Among all the platforms, Web3Shot stands out, thanks to its user-oriented approach and decentralizing governance.

Launched in the market in December 2022, the visionary Web3Shot has a grand mission, that is to empower everyone with no cryptocurrency experience to understand the technology, earn cryptocurrency, and have the professional skills to get into web3 world. In addition, experts or any organization can build web3 knowledge bases together on the Web3Shot platform. With the users and experts, Web3Shot is envisaging a vibrant community with permission-less and reciprocity and an ecosystem of community-owned economies.

In the recent months, Web3Shot has scaled solutions to facilitate strong user growth. For example, in the past week, Web3Shot arranged daily quizzes for two rounds on Twitter for 14 days and 20 days respectively. During the 6 weeks, users can participate in the dedicated quizzes at https://web3shot.io/quiz and win tokens. Web3Shot is also partnering with ONTO also improved Web3Shot’s publicity and popularity, marking a key step in user development.

Believing that the long-term value of Web3Shot is tied to the confidence people hold in the project, and after witnessing the booming of community and users, Web3Shot is now focusing on a transparent and fair governance that can represent the broader community’s interests, to be more specific, decentralizing governance. In the Web3 era, it is critical for any successful decentralized platform to adapt decentralizing governance. Therefore, the Web3Shot team is making sure that the W3S token represents voting power, so holders can participate in important decisions that affect the future of the platform with the W3S token.

In the Web3Shot platform, Web3Shot tokenomics uses a segregation strategy, applying the Web3Shot governance token ($W3S), supplemented by the only utility token in the ecosystem ($UW3S). This emphasizes the rich utility and that it is owned by the community, while remaining stable and ensuring long-term prosperity.

In the Web3Shot ecosystem, tokens are distributed wisely, with a strong focus on users and community. Advisor & Partners, the Investor, Web3Shot team holding 4%, 10% and 15% of the total token supply respectively. Also, 35% of the token are for the construction of the Ecosystem, while the community will obtain 30%. IDO and Marketing will take up 5%, and the remaining 1% will be airdropped.

To achieve decentralizing governance, Web3Shot has arranged airdrop activity on April 4, and later from April 6 to 8, Web3Shot also gave away 500 $W3S to 50 lucky winners to celebrate surpassing 50,000 followers. In addition, on April 12, Web3Shot will carry out a public token launch of $W3S via DiamondLaunch on BNB Chain. During this luanch, Web3Shot adapted the launch model of fair launch price discovery model, with 300K $USDT softcap and 450K $USDT hardcap. The minimum amount per address will be 100 $USDT, while the maximum amount per address is 300 $USDT.

With this community-owned DAO governance, Web3Shot community members can continuously learn and participate in Web3Shot, build partnerships, and create a bigger Web3Shot ecosystem together. In the coming stage, Web3Shot will expand to global market and achieve better personal learning experience enhanced by AI algorithm. Thanks to the user-oriented theory and the DAO-style governance structure, Web3Shot is deemed to become one of the largest Web3 communities.

Carolyn Coley is a blockchain reporter. She joined Smartereum after graduating from UC Berkeley in 2018.

Moonft is Creating an Aggregated NFT Marketplace to Trade NFT

https://smartereum.com/190196/moonft-is-creating-an-aggregated-nft-marketplace-to-trade-nft/

Starting from the first NFT project Cryptopunks in 2017, the NFT industry experienced a period of rapid growth and expansion in 2021. The infrastructure serving NFTs grew at a rapid pace and numerous NFT trading platforms and analytics tools launched the market, further promoting the concept and raising public attention.

As there are many types and quantities of NFTs, users find it difficult to manage the processes of buying, selling, and trading NFTs. To obtain information about NFT projects of interest, users need to open multiple platforms at the same time to track the latest developments, which is causing great inconvenience. To offer users a better experience in buying, selling, and trading NFTs, Moonft is launching the market soon.

Moonft is a fully functional aggregated NFT marketplace for buying, selling, and trading NFTs. Designed to be easy to use, Moonft is highly optimized for efficient transactions, including fast loading times, advanced filters, and many new features and enhancements. Some of these include batch shelving, which means multiple NFTs can be shelved with just one transaction; buy in bulk, aka buy large quantities of NFTs all at once; batch Quotes, which users can do one-click quotes for all NFTs in a collection. Moreover, if users wish to cancel multiple open orders in a single transaction, Moonft has enabled a batch cancellation function.

In addition, believing the future is multichain, Moonft offers multi-chain support, and will support BNB Chain, Polygon, Ethereum, OKxChain, Solana, Fantom, and many other chains. To achieve one-stop management of NFTs, Moonft will aggregate all the well-known NFT marketplaces such as Opensea, X2Y2, Lookshare, Solanart, etc., allowing users to manage all NFT assets in one place. To better communication, Moonft allows on-chain chat, so that both buyers and sellers can chat on Moonft to communicate about the price of the traded items. Chat groups will also be available for NFT projects, where users can communicate with NFT enthusiasts.

With the popularity of NFT, an efficient aggregated NFT marketplace will be favored by the market and users. Putting people in the center, Moonft will keep innovating and provide more convenience for users.  and Moonft is deemed to play a bigger role in the coming stage.

Carolyn Coley is a blockchain reporter. She joined Smartereum after graduating from UC Berkeley in 2018.

Offering Liquidity Solutions for NFTs, Where Will ShredN Go Next?

https://smartereum.com/190189/offering-liquidity-solutions-for-nfts-where-will-shredn-go-next/

Under the background of the rapid growth of NFT market, there are still challenges in this area, including low liquidity due to the low accessibility and lack of utility of NFTs, poor price discovery and valuation occur when an NFT lacks liquidity, and the liquidity of rare NFTs, etc. Also, the illiquidity of NFTs is causing volatility in the NFT space. Users find it difficult to gain fast liquidity, as they are forced to sell rare traits under market value to gain it. To address the series of problems, ShredN was in the market. Since ShredN’s launch, it has been offering solutions and helping users free up liquidity while ensuring fair value for NFT.

ShredN believes the future is multichain. Starting with Ethereum, #BNB, and Polygon, ShredN will continue to add new chains based on the direction from the DAO. Being a protocol dedicated to perfectly solving the low liquidity problem of NFTs and to set up different liquidity solutions for different types of NFTs, ShredN aims to offer more options, more flexibility, and more potential for profits to all users.

To stand out in the market, there are some features that make ShredN unique. First of all, the ShredN protocol covers a variety of liquidity solutions, including fragmentation, NFT AMM, and the creation of trading strategies for NFT traits. Through Shredn users can choose the right solution for their individual needs. In order to make the price discovery of NFTs smoother and more liquid, ShredN will aggregate all existing NFT liquidity solution platforms. Moreover, the Multi-chain function is in line with the trend of the market. ShredN’s vision is to enable all NFTs to unlock and access liquidity. To this end, ShredN will support all public chains where NFTs exist.  In addition, ShredN is built with the end user in mind. Because of this, the platform will include a marketplace aggregator to ensure users can buy at the lowest price possible and sell at the highest price.

By improving the liquidity of NFTs, ShredN can reduce slippage, improve price discovery and help users maximize the locked value of their portfolios. After this, it’s down to the #DAO to decide which chains we add next. Having witnessed the good performance ShredN has on Ethereum, BNB, and Polygon, users can vote on where ShredN will go next. With its targeted solution and user-oriented approach, ShredN is deemed to make a great contribution to the industry.

Carolyn Coley is a blockchain reporter. She joined Smartereum after graduating from UC Berkeley in 2018.

Focusing on User Experience, CJournal is Launching soon to Empower User

https://smartereum.com/190185/focusing-on-user-experience-cjournal-is-launching-soon-to-empower-user/

With technology evolving at a rapid pace, staying up-to-date on the latest Crypto trends and news is becoming increasingly important. To meet the growing need and in the meantime to provide a good user experience, CJournal is launching the market soon, aiming to build a private corner of the web for users to spend quality time with great crypto articles.

CJournal provides coverage from over 300 reputable sources, ensuring that users have access to a diverse range of perspectives on the latest crypto trends and news. It is worth mentioning that CJournal works with a variety of publishers and media outlets to bring users the most informative, insightful, and engaging content available. Users at CJournal can own and control all personal information, as CJournal is designed to offer a secure space for users to privately organize and research the topics and trends that matter to them the most. This is essential for users as cybersecurity is a big concern these days.

Moreover, CJournal offers a range of other features designed to enhance user experience on our platform. For example, the Save button allows users to easily bookmark articles and save them to users personal library for later reading. This feature is particularly useful for longer reads, interviews, or think pieces that you might not have time to read in one sitting.

Aiming to create a comprehensive, reliable, and community-driven platform for staying up-to-date on the latest crypto trends and news, CJournal is thriving to develop the platform and refine the system for users. In the coming stage, CJournal will implement a crypto news aggregator covering all major crypto sites and release RR-to-Earn (Read & Rating to Earn) feature. This will be a key feature of the platform and can attract more users to join the community.

In addition, statistics tools will be available to check how much time users spent on reading, the review points earned, the ranking, etc. machine learning will also be utilized to provide users with more relevant recommendations and improved search results. Tag and Search will enable users to categorize and find saved content quickly using tags and full-text search, while personalized news feeds can offer users a chance to personalize their news feed based on their interests, sources, and location. All these future developments will no doubt offer a more user-friendly system for all users.

Carolyn Coley is a blockchain reporter. She joined Smartereum after graduating from UC Berkeley in 2018.