Farcaster Migrate to the OP Mainnet for Wider Public Access!
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Decentralized social media protocol Farcaster is set to migrate from Ethereum to the widely-used OP Mainnet, according to co-founder Dan Romero. The move will open the platform to the wider public, taking it out of the invite-only phase and allowing “permissionless sign-ups.” Romero said the migration to the OP Mainnet would mean “zero corporate APIs required to use the network.” Farcaster is among a number of blockchain-based social media platforms that aim to address privacy concerns with traditional social media networks.
Shibarium is Now Live! Shiba Inu’s Ethereum L2 Network Hits Mainnet
Shiba Inu, once popular as a meme coin, takes a giant leap into the world of DeFi and metaverse with the launch of Shibarium, its Ethereum Layer-2 network. It is all set to raise the bar with its proof-of-participation (PoP) consensus mechanism and a whopping 21 million wallets created during its beta phase.
This isn’t just another blockchain but a call for a new era of technology, decentralization, and above all, community empowerment. Here’s how they’ve done it:
The Shibarium tokens include BONE, TREAT, SHIB, and LEASH, providing the fuel for applications. As demand grows, these tokens are expected to gain value, building a strong financial ecosystem on the new blockchain.
Shibarium’s emphasis on gaming and the metaverse puts it at the forefront of technological evolution. It’s painting a picture of the future right before our eyes, a world where digital interactions are as real and meaningful as physical ones.
DoggyDAO: The Community’s Best Friend
Democratizing decision-making through DoggyDAO is a revolutionary concept. Token holders can directly impact the development of the network. This model brings decentralization to a new level, erasing the line between developers and users. This could redefine how we think about governance in the blockchain world.
Once a mere meme coin, Shiba Inu has matured into a significant player in decentralized finance. The launch of Shibarium is a bold step forward, promising innovation, scalability, and cost-effective transactions.
Built on proof-of-stake, Shibarium relies on validators and delegators. Through a rewarding system with BONE tokens, it ensures the ecosystem’s security and seamless operation.
The Technology Behind Shibarium
Using the Heimdall validator and Bor block production nodes akin to the Polygon ecosystem, Shibarium brings robustness and interoperability with the Ethereum Virtual Machine. A required lock of 10,000 BONE ensures the quality of validators.
Shibarium is more than a blockchain; it’s a symbol of what’s possible in the world of cryptocurrency. As the SHIB tokens continue to bark, the world seems ready to listen.
Cardano Price Prediction : Will ADA Price Spike Following Mithril’s Cardano Mainnet Launch?
Cardano, a leading cryptocurrency ranked within the top 10, recently executed a significant upgrade known as the Mithril protocol. The upgrade aimed to enhance the efficiency of node synchronization on its blockchain, sparking anticipation of potential gains for the ADA token among experts and investors.
ADA Price Forecast
Amidst the excitement, predictions about ADA’s future value have been mixed. Notably, crypto influencer BitBoy, also recognized as Ben Armstrong, acknowledged the likelihood of gains but cautioned against immediate skyrocketing. While he dismissed the notion of ADA swiftly reaching $100 per coin, he didn’t rule out the possibility altogether.
External Factors in Play
Market experts recognize that ADA’s future trajectory is influenced by various external factors. One notable consideration is the ongoing legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC). Sebastian Purcell, an analyst, emphasized the importance of this lawsuit for ADA’s future.
If the lawsuit concludes favorably for Ripple, ADA could potentially exceed the $0.50 mark. However, historical precedent, particularly pertaining to XRP’s performance, might present challenges for ADA to surpass its previous all-time high.
Dollar Devaluation and Whale Activity
Factors beyond Cardano’s upgrade also play a role. Speculation suggests that a significant devaluation of the U.S. dollar could trigger a rally in ADA’s value, along with other cryptocurrencies. Additionally, an increase in whale activity within the ADA ecosystem has been observed, with a notable accumulation of over 420 million ADA by Cardano Sharks and Whales. These factors collectively contribute to the positive sentiment surrounding ADA’s potential for growth.
Coinbase Launches Base Mainnet with Over 100 Dapps and Service Providers!
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Coinbase has officially launched its Base mainnet, which features over 100 decentralized applications and service providers. The platform will be accessible to the public, providing users with a range of new dapps that span from gaming to finance. Coinbase’s Base mainnet is designed to offer more flexibility to developers, allowing them to build their own decentralized apps on the platform. The move by Coinbase aligns with its goal to be more than just a cryptocurrency exchange but also a leader in blockchain technology.
Coinbase’s Base Mainnet is now open to the Public!
Coinbase, a crypto exchange giant, has officially opened its Base mainnet to the general public. This marks a significant milestone for the exchange as it enters a fully decentralized era. The Base mainnet will enable the exchange to offer more advanced features and services to its customers, including peer-to-peer trading and decentralized finance (DeFi) protocols. Coinbase has been working towards this decentralized future for some time, and the launch of the Base mainnet is a major step forward in achieving this goal. The exchange is now well-positioned to take advantage of the growing DeFi market.
Coinbase Sets Sights On Boosted Revenue As ‘Base’ Mainnet Debuts For Public Use
Coinbase, one of the leading cryptocurrency exchanges, has leaped onto the blockchain innovation stage with ‘Base’ – the first decentralized blockchain mainnet launched by a publicly traded company. Coinbase-supported ‘Base’ network is now officially accessible to the public.
Milestone For Coinbase Amid SEC Clash
Coinbase’s ‘Base’ mainnet is now officially available to the public, boasting over 100 dapps and service providers within its ecosystem. Jesse Pollak, the head of protocols at Coinbase, highlighted that users can use these dapps and enjoy reduced transaction costs and quicker transaction velocities compared to Ethereum.
From its initial testnet introduction in February to the developer-exclusive launch in July, Base has collaborated with a diverse range of crypto initiatives, encompassing DeFi protocols, wallets, bridges, oracles, as well as analytics and infrastructure providers.
Coinbase, a prominent figure in the crypto stock realm, is making strategic moves that might enable the firm to collect fees from operating its own blockchain. Moreover, executives believe this could pave the way for an even more profitable revenue stream from applications developed on it.
Recently, Coinbase released its earnings for the second quarter, surpassing market expectations.
In Q2, Coinbase, standing as the second biggest crypto exchange in terms of trading volume, recorded total revenues of $707.9 million. This is a decline from $772.5 million in the preceding quarter and $808.3 million from the same quarter the previous year. The company also reported a net loss of $97 million but boasted a positive adjusted EBITDA of $194 million for the period.
Coinbase Plans For Big
In a “secret master plan” penned in 2016, Coinbase CEO Brian Armstrong outlined that the company’s fourth developmental phase would be driven by “decentralized apps” (dapps), aiming to touch a billion lives. In April 2021, the company took its shares public with a direct listing on the Nasdaq.
Pollak said, “Historically the aperture of what people can do with crypto has been relatively limited, mostly speculation. In order for Coinbase and crypto and this work that we’re doing to have the impact that we all want, we need to move from the place where this is speculation to a place where this is integrated into every part of someone’s day-to-day existence.”
As Base unveils its public mainnet, it has also kicked off an “onchain summer” event. Lasting multiple weeks, this event focuses on spotlighting Base’s mainnet partner dapps in the sectors of digital art, music, and gaming. Significantly, users can seize the opportunity to create a special “Base, Day One” NFT to mark the inauguration of the Base mainnet.
Last week, Coinbase appealed to a judge to dismiss the lawsuit brought by the U.S. Securities and Exchange Commission. The lawsuit alleges that the leading publicly traded cryptocurrency exchange breached federal securities regulations.
Unitas Foundation Launches Unitas Protocol Mainnet with a Novel Consensus Algorithm!
The post Unitas Foundation Launches Unitas Protocol Mainnet with a Novel Consensus Algorithm! appeared first on Coinpedia Fintech News
The Unitas Foundation has announced the launch of the Unitas Protocol mainnet, a decentralized platform that offers a secure and reliable solution for applications and transactions. The Protocol employs a unique consensus algorithm called Proof-of-Vote, which allows for wider participation in the consensus process and rewards. The launch is expected to attract a diverse range of developers and users looking for a democratized platform. With its scalable architecture and innovative features, the Unitas Protocol is set to revolutionize blockchain applications and transactions.
Glitch Finance Deploys Mainnet Bridge, Enabling Access To Its Native Blockchain
As part of its roadmap for Phase IV, Glitch Finance has announced the launch of its Mainnet Bridge. The bridge will allow users to seamlessly migrate their GLCH tokens from the ERC-20 to the GRC-20 standard.
The layer-one blockchain for DeFi and dApps announced the deployment earlier this month, stating that GLCH holders will now be able to bridge to the “native GLITCH blockchain for the first time.”
“The launch of the mainnet bridge builds upon the foundation set by the arrival of native smart contracts on the GLITCH network. Developers now have unrestricted access to the infrastructure to develop and deploy DeFi money market dApps on the GLITCH mainnet,”
the Glitch team said in an official blog post.
Prior to the deployment, Glitch Finance utilized the ERC-20 standard for its native GLCH coin. However, holders can now “voluntarily swap” their tokens to the protocol’s own blockchain. It is worth mentioning that the migration is currently only one-way, meaning holders can only swap from ERC-20 to GRC-20 and not vice-versa.
The one-way swap uses Metamask and the native Glitch browser extension wallet. When a swap is initiated, the GLCH tokens will be stored in the browser wallet and ready to use within the protocol. Users on the Binance Smart Chain (BSC) network, however need first to bridge their tokens from BEP-20 to ERC-20 before they can swap them to the native GLITCH chain.
As already mentioned, the swap is currently voluntary. Users can either opt to migrate to GRC using the Mainnet Bridge now or wait until the process becomes mandatory when the token swap goes live on centralized exchanges following a network audit. The bottom line is that the migration “will eventually be mandatory and forced, ensuring a complete transition to the native GLITCH chain across various platforms.”
According to the company’s roadmap, its plans for Phase IV are 46% complete. Items such as EVM developer documentation, GRC smart contracts, and the Mainnet Bridge have already been completed, leaving others like security audit, bug bounty, revenue sharing, staking, and GEX MVPs.
Meanwhile, the company revealed that it was already working with partners like O3 Swap and Voyager to integrate the native chain and GRC-20 GLCH in the future. The integrations could set the stage for better utilities and enhanced accessibility to and from Glitch Finance.
Founded by Sean Ryan in August 2020, Glitch Finance touts itself as the operating system for decentralized finance (DeFi). The layer one blockchain has its eyes set on DeFi applications and trustless money markets, with features such as scalability, interoperability, democratization, and reward mechanisms.
Binance Completes Integration Of Conflux Network Mainnet; Can Ape Brigade Be Next?
Binance, the world’s largest cryptocurrency exchange, announced on Thursday the successful integration of the Conflux Network (CFX) mainnet. While the listing of Conflux Network (CFX) was initially announced in March 2021, trading was previously limited to BEP20 CFX tokens.
On May 11, Binance officially confirmed the completion of integrating the Conflux Network (CFX) mainnet, and now, users don’t have to convert their CFX tokens to BEP20 before trading them on the market. As a result, CFX tokens can now be directly traded. Additionally, users can deposit and withdraw CFX tokens from Binance using BNB Smart Chain (BEP20), Conflux eSpace, or the Conflux Core Space.
On the other hand, Ape Brigade (APES) is a captivating new meme coin that is currently in its presale phase. This simian-inspired token has the potential to dominate the market, and here’s why it’s gaining attention.
Ape Brigade, The Meme Coin Making a Splash in the Market
The Ape Team is driven by a dedicated community that deeply cares about animals, specifically apes. Their main mission is to increase awareness and provide support for conservation initiatives focused on protecting apes and other wildlife. Notably, they have allocated an exclusive portion of 10% of the total token supply to directly contribute to this noble cause.
The Ape Brigade aims to cater to its community as well. A significant 20% of the token supply will be secured in a dedicated liquidity pool to ensure stability and liquidity. Additionally, they have introduced an incentivized staking system, enabling users to receive rewards by staking their APES coins. Notably, another impressive 15% of the total token supply is exclusively reserved for rewarding stakeholders.
Ape Brigade not only showcases social consciousness but also demonstrates impressive technological advancements. Operating as an ERC-20 token on the Ethereum blockchain, it provides a secure, transparent, and easily accessible token for users worldwide. The Ape Brigade’s ambitious roadmap extends further with the development of an NFT Space, poised to play a crucial role within their ecosystem, opening doors to exciting possibilities.
Riding the Chinese Blockchain Wave with Skyrocketing Demand and Strategic Alliances
The surge in demand for Chinese blockchain projects has driven up Conflux’s trading volume. As the only compliant blockchain in China using Tree-Graph consensus, Conflux has seen a 1500% price increase fueled by AI hype. Partnerships with China Telecom and Little Red Book, along with Uniswap V3 deployment, have boosted liquidity. Though CFX prices dropped 40% recently, Binance’s support may lead to a rebound. CFX currently trades at $0.2483, down 5.59% in 24 hours, with a modest increase in trading volume of 19.37% in the last day.
Unveiling the Ascendancy of Binance’s Thriving Ecosystem
Binance Coin (BNB), the token launched by the globally renowned Binance cryptocurrency exchange, has been scaling new heights. In February 2023, it surged to a remarkable $335 and presently maintains a value of approximately $303.58 with a market capitalization of $47.4 billion.
This soaring success of BNB can largely be attributed to the flourishing Binance ecosystem, anchored by Binance Smart Chain (BSC). Serving as a high-performance blockchain, BSC empowers the creation of decentralized applications (dApps) and decentralized finance (DeFi) protocols. By offering lower transaction fees and faster processing times compared to Ethereum, BSC has emerged as an appealing option for DeFi developers and users, propelling the popularity of Binance Coin to unprecedented levels.
Amidst widespread setbacks and price declines in the crypto market, meme coins stand out as a bright spot. While altcoins face challenges, it is crucial to recognize that most meme coins offer limited utility and are susceptible to higher market volatility. Therefore, meme coins should have a well-defined roadmap that incentivizes community participation while actively fostering its expansion.
In this context, Ape Brigade emerges as a promising contender, primarily due to the value it adds through its supported cause. With its distinctive features and strategic initiatives, Ape Brigade captures the attention of investors, making it a noteworthy choice to monitor.
Get ready to join the Ape Brigade and witness the rise of a meme coin with a purpose!
Website: https://apebrigade.io/
Twitter: https://twitter.com/_ApeBrigade_
Telegram: https://t.me/ApeBrigadeOfficial
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TMS Network (TMSN) Profits Increase Massively, Sui (SUI) Crashes after Mainnet Launch and Ripple (XRP) Could be Bearish by May End
The crypto market is always fascinating. Sui (SUI) crashes after the launch, and Ripple (XRP) goes down during the last week. However, TMS Network (TMSN) continues to be strong during the presale.
TMS Network (TMSN) Is Attracting Investors With the Commission Revenue Sharing Model
TMS Network (TMSN) is the first decentralized platform for users to trade derivatives instantly. TMS Network (TMSN) platform doesn’t require account verification or permission. Users can directly connect their wallets to TMS Network (TMSN), and start trading all types of derivatives without using fiat currency.
TMS Network (TMSN) offers token holders additional rewards to help them generate a higher passive income. Known as the commission revenue sharing model, users who hold TMS Network (TMSN) tokens are eligible to earn a commission from the revenue generated by the trading volume on the platform. As the trading volume increases on TMS Network (TMSN), token holders will get more commission as a reward.
Furthermore, TMS Network (TMSN) offers exclusive voting rights and benefits to investors who buy the native tokens during the presale. TMS Network (TMSN) token recently had a price hike to reach $0.088. Experts predict another increase in the coming days. Buy TMS Network (TMSN) today to get a 30% deposit bonus (limited period offer).
Sui’s (SUI) Price Goes Down After the Official Launch
Sui (SUI) Mainnet was officially launched on 3rd May 2023, to compete with high-powered platforms like Ethereum. However, the Sui (SUI) token suffered after the launch. The price of the Sui (SUI) token fell by 47%. Sui (SUI) went from $2.16 to $1.15 even as the token was listed among the top 100 cryptocurrencies by market cap. While Sui’s (SUI) trading volume stayed above $500 million on 4th May, it began to hover between $400 and $300 million. Though Sui’s (SUI) price improved, it is still below the $2 mark. At the time of writing, Sui (SUI) is priced at $1.16 after losing 11% in the last 24 hours. Analysts say this price drop is expected as the price of most crypto coins falls soon after the launch. Users are hopeful that Sui (SUI) will regain its momentum. We’ll have to wait and see how long it takes Sui (SUI) to cross $2.
Ripple (XRP) Shows Signs of Going Bearish
A lot is happening around Ripple (XRP). Firstly, the Ripple (XRP) community is targeted by a fund attack, according to the alerts sent by the company. Ledger cautioned Ripple (XRP) token holders about fake token allocation claims and asked them not to share their seed phrase with anyone. In other news, the centralization of Ripple (XRP) and XRPL sparked controversy among other crypto companies. There are speculations that Ripple (XRP) might win the lawsuit as Judge Torres ruled against SEC. With so much going on, Ripple (XRP) should have a strong upward movement. However, the opposite seems to be the case. Ripple’s (XRP) price has been going down during the last seven days. In the first week of May, Ripple (XRP) fell by 4.16% to touch $0.4397. Experts predict Ripple (XRP) to go fully bearish by May end.
Presale: https://presale.tmsnetwork.io
Telegram: https://t.me/TMSNetworkIO
Twitter: https://twitter.com/@tmsnetwork_io
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Sui (SUI) Value Skyrockets Prior to Mainnet Debut, Collateral Network (COLT) Anticipates 35x Price Surge
One of the newest blockchain projects to hit the crypto scene, Sui (SUI), is pumping in an impressive fashion prior to its mainnet debut. But Sui (SUI) isn’t the only project that is seeing a surge in value. Collateral Network (COLT) has pumped 40% during the first stage of the presale, with its native token anticipating a 35x surge once the mainnet goes live. Let’s look at these two projects, and what could the future hold for them.
Key Factors Fueling Sui (SUI)’s Launch Hype
Sui (SUI) is a Layer 1 blockchain engineered to revolutionize digital asset (NFT) management. It’s designed to be fast, private, secure, and accessible to all users. Sui (SUI)’s unique object-centric approach enables efficient parallel processing, near-instant finality, and intricate on-chain assets.
Sui (SUI) was founded by Mysten Labs — a company that was formed as a spinoff of Meta’s Diem project. By September 2022, Mysten Labs successfully closed a $300 million Series B funding round for Sui (SUI), which contributed to the company’s impressive $2 billion valuation.
Mysten Labs envisions Sui (SUI) becoming the go-to platform for NFTs and gaming. By using the Move programming language, Sui (SUI) allows digital objects to be owned by a single user or shared among multiple users.
The price of Sui (SUI) was on offer during the presale for just $0.10 per token but has since skyrocketed to $1.28 per token — a surge of 1280%. Early investors who got in on the action are now enjoying astronomical gains.
There are a few reasons why Sui (SUI) has gained such traction. Most notably, it has a world-class team, a stellar product roadmap, and has received backing from high-profile investors These factors have all contributed to the project’s overwhelming demand prior to its Mainnet debut.
With the Aptos (APT) project — started by the other half of Meta’s Diem team — pumping by over 500% at the start of 2023, many investors turned to Sui (SUI) in anticipation of similar gains.
The Potential of Collateral Network (COLT): Analyzing the 35x Surge Prediction
With the Collateral Network (COLT) presale currently underway, the initial COLT token price of $0.01 has already risen by 40% to $0.014 and is expected to continue its ascent to $0.35.
Collateral Network (COLT) is a groundbreaking peer-to-peer lending platform that utilizes an asset-backed model to transform traditional borrowing practices. Collateral Network (COLT)’s pioneering approach involves converting physical assets into NFTs, which then act as collateral for loans on the blockchain.
Collateral Network (COLT)’s fractional lending system enables multiple investors to participate in a single loan, with each receiving weekly interest payments proportional to their stake. This structure democratizes lending, making it more accessible and equitable for everyday investors.
Through the use of smart contracts and automation, Collateral Network (COLT) streamlines transactions and reduces fees. Comprehensive details about each loan and collateralized asset are embedded within the NFT’s metadata, ensuring transparency and clarity for all parties involved.
Experts predict that Collateral Network (COLT) will transform the $7 trillion lending industry and foresee a potential 35X price increase when the token becomes publicly traded. This presents a unique opportunity for investors to capitalize on a potentially lucrative venture.
Find out more about the Collateral Network presale here:
Website: https://www.collateralnetwork.io/
Presale: https://app.collateralnetwork.io/register
Telegram: https://t.me/collateralnwk
Twitter: https://twitter.com/Collateralnwk
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SUI Token Crash Heavily Amidst Mainnet Launch – Is The Hype Cooled Down
Investors around the world are in a state of shock after the SUI token suffered a massive 72% drop in value within just 30 minutes of its highly anticipated mainnet launch!
Here’s what you need to know about this developing story:
SUI Token’s Initial Price Jump
The SUI token initially saw a massive surge in value, with its price skyrocketing to $2 within minutes of trading. The token’s market cap soared to a staggering $675 million, leaving investors optimistic about its future prospects.
SUI Token’s Abrupt Crash
However, the token’s price soon plummeted to a dismal $0.56, wiping out much of its value within just half an hour. The sudden drop in value has left investors reeling and wondering what led to such a dramatic crash.
SUI Team’s Request to Exchanges
Colin Wu reported that the SUI team had requested major crypto exchanges, including Binance, OKX, Bybit, and KuCoin, not to launch a perpetual contract of the token. This led to a delay in the launch of futures contracts, leaving investors with more questions than answers.
What is SUI Token?
The SUI network is a layer-1 blockchain and smart contract platform designed to increase Web3 adoption through high scalability and fast speeds. Unlike Bitcoin and Ethereum, the SUI platform relies on delegated proof-of-stake consensus mechanisms. At the time of writing, the token is trading at $1.29, with a fully diluted market capitalization of around $13 billion.
What’s Next for SUI Token?
Investors are now left wondering what led to the massive drop in value for the much-anticipated token. Will the SUI network be able to recover from this setback and win back the trust of its investors? Only time will tell.
Coinbase Prepares to Launch Base’s Mainnet in 2023 Amid Regulatory Pressure in the US
As the crypto industry continues to expand, Coinbase, one of the industry’s most prominent exchanges, has been making steady progress with its Ethereum Layer 2 solution, Base. Launched in February as a platform that simplifies app development and integration with the Coinbase product suite, Base has been operating on testnet and is now preparing for a mainnet launch in 2023.
Base Gains Momentum to Bring Millions of Developers and Users On-Chain
In an exclusive interview with TechCrunch, Jesse Pollak, Base lead and head of protocols at Coinbase, revealed that the mainnet launch is the team’s top priority. Although no official timeline has been shared, Pollak emphasized the urgency of delivering the mainnet as soon as possible. Base aims to unite millions of developers and billions of users on the blockchain, fostering widespread adoption and innovation in the space. Pollak said,
“It’s coming soon, we are working hard on it. It’s our number one priority alongside decentralization goals and the rest of the year is really about making sure we get there as quickly as possible.”
Coinbase has been a key player in the crypto economy for over a decade. With Base, the company hopes to capture value for itself and contribute to the expansion of on-chain products and activities in the coming years. Pollak envisions Base and Coinbase working in tandem to bring countless developers and users on-chain, furthering the growth of the blockchain ecosystem.
Decentralization and Expansion Goals Drive Base’s Development
A diverse array of crypto businesses, platforms, marketplaces, and infrastructure firms have pledged to build on Base. Among them are Blockdaemon, Chainlink, Etherscan, Quicknode, Aave, Animoca Brands, Dune, Nansen, Magic Eden, Pyth, Rainbow Wallet, Ribbon Finance, The Graph, Wormhole, and Gelato.
In the near term, Base’s primary goals are to achieve mainnet status and decentralize its operations. Coinbase CEO Brian Armstrong has emphasized the importance of decentralization, stating that it’s imperative for Base to live up to that value and ethos. Pollak expects the process of becoming decentralized to span months or years, rather than a decade. The focus remains on making daily progress towards this goal.
The future of Base, its impact on the Ethereum ecosystem, and the potential influence of regulation on the blockchain were discussed extensively during Pollak’s interview. As previously reported by Coinpedia, Coinbase has achieved notable progress by securing a license to operate in Bermuda, a strategic move aimed at escaping the complex regulatory landscape in the United States.
As the mainnet launch approaches, the crypto community will be watching closely to see how Base shapes the future of Ethereum-based app development and drives Coinbase on a global scale.
Polygon Launches zkEVM Mainnet! Here’s How MATIC Price is Going to React Next
The decline in the price of Polygon (MATIC) by almost 5% during the speeches of US Fed Chair Jerome Powell and US Treasury Secretary Janet Yellen serves as a compelling indication that global market concerns can influence the performance of cryptocurrencies. This event should be considered a significant factor in determining Polygon’s future price movements. Despite its recent price crash, MATIC is preparing for a rebound with major network developments.
Polygon Brings Hope with Its zkEVM Launch
In the past few days, the price of Polygon has been experiencing a rebound as the overall sentiment has become optimistic following the launch of its zkEVM. Moreover, Polygon and Immutable, two significant players in the Ethereum scaling arena, have joined forces to build a novel network tailored for Web3 gaming that will leverage Polygon’s highly anticipated zkEVM technology.
Due to its recent collaborations with leading institutional investors, the Polygon (MATIC) blockchain network has solidified its place among the top 10 cryptocurrencies by market capitalization. The creators of the project have already set their sights on a top 3 position, but it remains a significant challenge for MATIC to surpass six major cryptocurrencies and reach the same market size as Bitcoin and Ethereum.
As Polygon recently released its beta version of its zero-knowledge Ethereum Virtual Machine (zkEVM) publicly, it marks one of the most anticipated blockchain trends of 2023. Hence, it is expected that the launch will have a significant positive impact on the cryptocurrency’s price in the short term. The mainnet’s introduction will likely result in reduced transaction fees for users and lower data costs for the network.
MATIC Price to Breakout Above this Level
MATIC price is currently consolidating between EMA-100 and EMA-200 trend lines as there is intense domination from market bears after a severe crash. However, Polygon’s price is now preparing for a reversal as it attempts to form bullish candles in the price chart after forming a support near $1.06.
As of writing, MATIC’s price is trading at $1.08, with a decline of over 3% in the last 24 hours. Though the price has not witnessed much action following the launch, it is expected that investors will soon start buying the dip to maximize their gain in the next few hours.
Analyzing the daily price chart, the $1.1 resistance level is crucial for validating a bullish trend for MATIC’s price. A breakout above this level will send the MATIC token to trade near the next resistance of $1.14, from which an upward rally to $1.2 may be observed.
Blockchain Gaming Project BOUNTYKINDS starts 2nd Public Sale in line with Alpha Test Launch on the Mainnet
This Next Level Blockchain Gaming Project is ready to take off!
About the BOUNTYKINDS NFT PUBLIC SALE
BOUNTYKINDS is a Web3 Metaverse game currently under development and is scheduled for official release this year on the Binance Chain, with its Alpha Test release this coming April, and its Beta Test release that follows soon after.
Due to the efforts of its development team, BOUNTYKINDS will be available on the mainnet for all Alpha test ticket holders, paving way for more players to be able to join the testing phase. To celebrate this, BOUNTYKINDS will be holding a second Public Sale as a love letter to their community who has been supportive since the initial stages of its project. This public sale will start from March 23, 2023 (9:00 AM UTC) and will last for almost a week, until March 29, 2023 (9:00 AM UTC). It will be selling exclusive package deals that consist of special upgraded Character and Weapon NFTs – special early bird rewards, energy token benefits, and much more awaits those who will purchase their NFTs during this special sale and join during the start of our official Alpha test release.
BOUNTYKINDS as a Game
Brought to inception by a team of players who see that there is room for improvement with the current state of Play-to-Earn blockchain gaming, BOUNTYKINDS will be a game built on the premise of creating a world where players can keep on having fun while grinding to obtain different characters and weapons, to the point where they would keep on wanting to immerse in the game’s engaging open-world environment.
The game itself will consist of multiple game genres such as all-time classics like board games, map adventure games, fan-favorites such as role-playing games (RPG) or in-demand games such as first-person shooting (FPS) games or battle royale MOBA games. These games and its areas will be determined by both players and developers, heavily putting emphasis on the “Contribute-to-Earn”, the main philosophy the project is promising to uphold with its triple token system.
The main tokens that will sustain its blockchain gaming ecosystem are the following: the governance token BOUNTYKINDS World DAO ($BKWD); the utility token, ($YU); and the Forbidden Fruit Energy token ($FFE). The latter two tokens are both listed on multiple platforms and are currently available for swapping on the BOUNTYKINDS Official Website or token platforms such as PancakeSwap.
The BOUNTYKINDS universe is going to be dictated by this unique achievement system where all contributions to the game would be quantified and scaled to a number. This number will decide the intricate reward values that come with playing the game. The goal of BOUNTYKINDS lies in bringing gamers from various cultures together, regardless of whether they are in the real world or in the blockchain space.
This is the last chance to get your hands on these one-of-a-kind NFTs before the start of the Alpha test, so make sure you don’t miss out on this!
BOUNTYKINDS Public Sale NFT Package List
1) Blue Character Sphere ×3 & Blue Weapon Sphere×3 & 1 α-ticket +100FFE(Energy token)
2) Blue Character Sphere & Blue Weapon Sphere
3) Blue Character Sphere & Yellow Weapon Sphere
4) Blue Character Sphere & Green Weapon Sphere
5) Blue Character Sphere ×3
Game Necessity: The Alpha Ticket
Alpha Tickets are like your key to the game – without it, you cannot start the BOUNTYKINDS gaming experience. Those who do not possess an alpha ticket must wait till the Beta phase or the official release of the game, or else they won’t be able to use the Character NFTs they possess. As one of the many alpha player perks, those joining the alpha version get to benefit from the higher quest rewards and better item drops.
Game Essential: Character Sphere
Spheres are GACHA item NFTs unique to the BOUNTYKINDS universe. These spheres can conjure Character NFTs and Weapon NFTs by being thrown into the GACHA (Wormhole). The sphere color determines the rarity of the NFTs that will come out from it. Characters and weapons adds an entirely new dimension to your gameplay, and is quintessential for
BOUNTYKINDS Official Site and Social Media Platforms
Official Public Sale Site: https://bountykinds.com/public-sale
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Bware Labs is disrupting the industry paradigm with the launch of Blast mainnet
Bucharest, Romania,7.03.2023 – Bware Labs, a leading blockchain infrastructure provider, is launching today the mainnet of their blockchain API platform, Blast.
Blast is a blockchain API platform, designed to provide easy blockchain access to the most relevant networks in the blockchain space. Using Blast, developers are able to get RPC, REST and WebSocket access to an ever-growing number of blockchain networks in just a couple of simple steps.
With the launch of Blast’s mainnet, Bware Labs brings about a new generation of blockchain APIs. The speed and reliability of the API platform will rely mainly on the platform’s Proof of Quality protocol, which refers to enabling node owners to permissionlessly join the Blast Protocol as Node Providers, under the condition that their nodes can satisfy the platform’s performance and data integrity standards.
To participate in Blast’s protocol, Node Providers will need to stake tokens, while all other users can earn an APY by delegating to a Node Provider using Blast’s delegation explorer. Blast’s token holders will also play a critical role in governing the platform’s future development initiatives and improvements for the Decentralized Infrastructure Protocol.
Moreover, according to Bware Labs CEO Flavian Manea, Mainnet brings the chance for the community to participate in the protocol by delegating the company’s INFRA tokens to available staking pools.
“The biggest challenge is being true to your word when it comes to what you want to bring to the table. Maintaining above industry-level standards in terms of quality while running the platform in a decentralized manner is definitely not easy” states Flavian. “In order to tackle that we had to find our own routes and methods, that could ensure that the nodes on Blast present the required performance and that would not prohibit the scalability potential of Blast. Now, decentralization is in sight – all hands on deck lads, let’s launch this ship!”
Blast’s mainnet launch is part of Bware Labs’ ongoing commitment to support Web3 developers throughout their entire blockchain journey by providing high-quality solutions that can help them scale their products faster and easier.
The mainnet launch will roll out in stages, and following the end of the Houston Testnet, Bware Labs will start onboarding the testnet participants, while the permissionless onboarding for anyone who wants to become a Node Provider in Blast will come in the following two weeks, along with the launch of the INFRA token and the possibility to delegate it in available staking pools.
Keep your eyes on the announcements from Bware Labs, and be prepared to jump in one of the biggest blockchain infrastructure providers of the year.
About Bware Labs
Bware Labs is creating an infrastructure and development ecosystem to support Web3 builders throughout their entire blockchain journey. The company aims to play a decisive role in worldwide blockchain adoption.
For more information visit the Blast website or contact Bware Labs at [email protected]
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Solcial Goes Live On Solana Mainnet, Betting Big On User Tokens And Community Ownership
December 19, 2022 – Road Town, British Virgin Islands (BVI) – Solcial, the first Solana-based social network that allows its users to create and share content that gets rewarded fairly, has just launched on Solana’s mainnet. Since November, Solcial has been invite-only as they finalized some key features. Now with more than 1,200 users onboarded, Solcial is betting big on creators and Web3 enthusiasts that want to explore new possibilities and new income streams.
Solcial allows creators to easily mint and sell their own tokens and even elect to hide content behind a paywall that requires others to hold a certain amount of tokens to access. This is what Solcial is calling the invest-to-subscribe model. Apart from tokens they also allow every user to mint and display NFTs directly on the platform. Being built on Solana means users will experience a quick, convenient, and low-fee experience compared to other networks.
“We felt the Web3 crypto generation needed a platform that wasn’t just building with a few crypto features but was solely crypto-focused. By looking towards new ways we can be decentralized and censorship-resistant we are confident creators will feel comfortable that their revenue streams won’t be interrupted by sudden bans or demonetization tactics that Web2 platform have implemented,”
– said Parker Hoeppner, Social’s Communications Lead.
What makes Solcial unique to other blockchain social networks is their focus on quality. Solcial’s reward mechanism rewards users that provide the most benefit and value, with the most upside. This aligns interests and discourages content and engagement farming with low-quality delivery.
“We didn’t want to just build a social network where the creators got paid, we want to even give their fans a way to earn. Completely shifting the incentive structure from keeping their attention to finding new ways to provide value,”
– added Parker Hoeppner.
Solcial is still rolling out its IPFS data structure which will be the first of its kind. Fully allowing users to post without censoring – only reasonable community moderation. The team is currently launching the iOS and Android apps, and deploying new updates such as encrypted private messages between users and other community requested features.
To learn more and mint your user token visit solcial.io
Media Contact:
Name: Parker Hoeppner
Email: [email protected]
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The World’s First Foodverse Game is now live on Polygon Mainnet
Unless you have been living under a rock for the last year, you probably heard about the world’s first-ever food metaverse — OneRare. OneRare has built a unique gameplay with lossless gaming tokenomics, unlike any other play-to-earn game. Most of the Play To Earn games we saw in the last two years have experienced high inflation due to the excess supply of tokens. OneRare is going to be the first-of-its-kind P2E experience that has the potential to become a leading example for the games to come in the future. Instead of handing out free tokens to every member, they have built a staking mechanism which allows you to earn Ingredient NFTs after staking $ORARE tokens. This helps in building a stable economics for the game and proposes an interesting solution for the entire P2E industry.
It’s a global multiplayer NFT game for foodies worldwide. You can participate in this epic game and get on an exciting adventure with other foodies.
Today, OneRare launched their #mainnet at 12:00 PM UTC. It could possibly be one of the most significant developments in the P2E and Metaverse industry. After playing the game, we realized how a simple concept of minting Dish NFTs could turn into a super fun gameplay experience.
Let’s quickly talk about the overall gameplay.
Stake ⮕ Claim ⮕ Cook ⮕ Battle ⮕ Win rewards
What you see in the above visual are the four zones of the gameplay. Farm, Farmer’s Market, Kitchen and the Playground. Each zone has a unique function and once you are able to get a hang of all four zones — it starts to get interesting.
The Farm: It consists of six theme pools. Farmers can stake their $ORARE tokens on the farm to win Ingredients’ NFTs as rewards.
Farmer’s Market: Now that you have claimed your Ingredients, you can go to the Farmer’s Market to sell the ripe produce. This is also your place to buy Ingredients from other farmers at the best price.
The Kitchen: OneRare Kitchen is full of recipes and a list of Ingredients you’ll need to successfully claim in order to mint your favourite Dish NFT. Cook any Dish you want once you have all the required Ingredients. There’s a “Magic Buy” button to help you buy all the missing Ingredients with one click.
Playground (Coming soon): Done minting some Dish NFTs? Perfect! Now, you can participate in multiple games like the Foodtruck Wars and win rewards. The Playground is yet to launch, however, there’s already some information out. You can take the freshly cooked Dish NFTs straight from the kitchen to enter the FoodTruck wars! An epic battle between three food trucks to earn token rewards and NFTs. You will have the chance to win 5 ORARE with each victory.
Now that you have understood the gameplay, here’s how you can start playing:
1. Download Metamask Wallet extension & create your account
2. Connect to the Polygon Network and add Matic tokens to your Metamask wallet
3. Get $ORARE via MEXC Global or Quick Swap
4. Visit play.onerare.io and you are ready to farm!
Take a look at the Gameplay tutorial here: Link
Utility of $ORARE: Why do we even need $ORARE?
Here’s a quick overview of how you can make a profit in the game:
- Stake tokens, farm ingredients, and sell them to earn more ORARE
- Combine ingredients, mint a Dish, and sell the Dish for a huge profit
- Compound your returns by staking the tokens earned as profit
- Use Dishes to participate in the Foodtruck Wars and win rewards in ORARE
- Hold Dishes to get access to revenue distribution from the treasury and make passive income
Why should you start playing now?
Short answer: The early-mover advantage
Early Gamers will be exposed to Farm with a lesser number of tokens staked and higher output from the farm. This means you will be able to stake less and earn more Ingredient NFTs. The number of Dishes minted would also be less and hence, you’ll need fewer Ingredients to mint a Dish.
So, you will have a higher number of Ingredients from the farm yet the kitchen will require fewer ingredients to mint a Dish. This headstart will be incredibly beneficial as you’ll realize how difficult it gets to mint a Dish once the game has a higher number of players.
GET, SET, COOKING! <https://play.onerare.io/>
To stay updated with their progress, make sure to follow them on socials:
🍍 Website : www.onerare.io
🍔 Twitter : https://twitter.com/onerarenft
🌽 Discord : https://discord.gg/38uvnhpn
🍄 Instagram : https://www.instagram.com/onerarenft/
🍛 Facebook : https://www.facebook.com/onerarenft
🍰 Telegram Announcements : t.me/onerareofficial
🍉 Telegram Community : t.me/onerarenft
Disclaimer: This is a guest post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company.