3 days ago • cryptodaily
Metacade Presale Hits Final Stage Before Listings, Raising Over $500k in under 24 hours
London, United Kingdom, 22nd March, 2023, ChainwireMetacade, fast becoming the most exciting GameFi project in 2023, has reached the final stage of its token presale after raising more than $500k in 24 hours, reaching a total raise of $12.4m.This comes after a wave of positive news, which includes a showcase of UI designs, a detailed view of their staking pool and the announcement of the Metacade referral programme.The presale is scheduled to end on the 30th of March 2023, after which the MCADE token will list on multiple exchanges, including Uniswap & BitMart.Users can participate in the Metacade presale here.Russell Bennett, CEO of Metacade, said of the positive news, “As we enter the final stage of the presale, it’s all hands-on-deck at Metacade. We’re proud to have achieved so much in so little time, and extremely grateful for the support of our loyal Metacaders and investors in the project. We’re now gearing up for the exchange listings and for our Q2 product launches.”The last stage of the presale sees the price of the MCADE token rise to $0.020, the final price before the exchange listings, which will start after the presale ends on the 30th of March.Metacade is one of blockchain’s first community-driven arcades and will offer a huge collection of play-to-earn (P2E) games that will see gamers rewarded for their performance with the native MCADE token.The platform aims to become a central hub for Web3 users, as its additional earning mechanism is specially designed to serve a wide variety of blockchain enthusiasts.One of the most exciting aspects of the plans laid out in Metacade’s whitepaper, is their pioneering Metagrants program. This will see Metacade investing in new gaming projects using the community treasury, funding the next generation of blockchain game developers.The Metagrants initiative operates by letting developers submit funding applications to support the design and creation of the next GameFi titles. Submissions are pooled for assessment by the Metacade community, where MCADE holders can vote on their favorite submissions. The most popular ideas receive crypto investments to support game production - with the first Metagrant game scheduled to hit the platform in Q1 2024. Metacade tokens are available for purchase up until sell out or the 30th of March, whichever is sooner. users can participate in the Metacade presale here.About MetacadeMetacade is intended to be the premier destination for gaming in the metaverse. As Web3’s first community arcade that allows gamers to hang out, share gaming knowledge and play exclusive P2E games. The platform offers users multiple ways to generate income, build careers in Web3 and connect with the broader gaming community.The project has the stamp of approval from CertiK, the leading blockchain auditor, which aims to reassure investors that the project specifications and code are reviewed and the Metacade team has passed KYC. This puts Metacade on the same level of confidence as other CertiK projects including Aave, Polygon and Chiliz.Metacade’s one-stop shop potential as the next GameFi hub of choice for P2E gamers as well as a broad range of other use cases is evidenced in the enthusiasm around the project and the success of the presale. With the imminent launch of exchanges, there is huge potential here for continued upside- especially if the development continues at the current pace.ContactCEORussell [email protected]
11 days ago • cryptodaily
Metacade's Community-Driven GameFi Platform Raises Over $10M in Presale
London, United Kingdom, 14th March, 2023, ChainwirePlay-to-earn favorite Metacade continues to draw investor attention after raising more than $10m, as it now enters the penultimate stage of the presale. With confirmed listings on Bitmart and Uniswap due after the presale ends on the 30th of March, there are only 16 days left before the token goes public.
MCADE is available to buy on the official Metacade website.
Russell Bennet, CEO of Metacade, said of the recent presale success: “I’m absolutely thrilled that we’ve continued our traction and have hit such a huge milestone. The confidence that our supporters have put in us is something that will drive the team forward as we enter our final stage.”
The accelerated interest in the project has undoubtedly been helped by the recent announcement that the project has hired Principal Product Designer, Tyler Lange.
Russell further elaborated by saying, “We’re delighted to have Tyler on board. This puts us ahead of schedule in terms of the front-end development of our end product. We’re now in a position to start developing the initial app concepts, which I’ll be showcasing in an upcoming AMA.”
With the presale amount raised now passing the $10 million mark, the team has high hopes for the price of MCADE as it launches on exchanges throughout April 2023, following hot on the trail of this year’s GameFi trend that captures international audiences made up of both investors and gaming enthusiasts.
Metacade focuses on community-driven concepts and very much embraces the DAO ethos, with regular polls and AMAs offering investors and enthusiasts the opportunity to guide the direction of the project. The platform will deliver play-to-earn, create-to-earn, and compete-to-earn mechanics to deliver a GameFi product with a broad use case that can grow and develop whilst rewarding its members both financially and in terms of online and mobile app gaming experience.
The Metagrants initiative in particular draws in investors as a source of funding for game developers, who are incentivized to build platform-specific projects. Following the social chats, especially on Telegram, we’ve already seen a number of exciting concepts being sent in from users and addressed in recent AMA events. The most popular proposals will be subject to community votes on what is the best direction for upcoming development.
The stamp of approval from CertiK, the leading blockchain auditors, reassures investors that the project specifications and code are reviewed and the Metacade team has passed KYC. This puts Metacade on the same level of confidence as other CertiK projects including Aave, Polygon and Chiliz. The full audit results are available on the CertiK website.
Metacade is the premier destination for gaming in the metaverse. As Web3’s first community arcade that allows gamers to hang out, share gaming knowledge and play exclusive P2E games. The platform offers users multiple ways to generate income, build careers in Web3 and connect with the broader gaming community.
Metacade will be the one-stop destination for users to play, earn and network with other passionate gamers worldwide. Once the project reaches the end of its roadmap, Metacade will be handed over to the community as a full-fledged decentralized autonomous organization, evidencing its commitment to people-led gaming.
Website | Whitepaper | Socials | CertiK AuditContactCEORussell [email protected]
16 days ago • cryptodaily
Unstoppable Women of Web3 Leads Initiative to Provide Web3 and Metaverse Education for 6 Million African Women
San Francisco, California, 8th March, 2023, ChainwireUnstoppable Women of Web3 Leads Initiative to Provide Web3 and Metaverse Education for 6 Million African Women
The initiative will consist of free digital identities, educational streams, online courses, in-person networking, and more to bring more women in Africa into Web3 and the metaverse
Metaverse — 8 March 2023 — To celebrate International Women's Day, Unstoppable Women of Web3 (Unstoppable WoW3), a diversity and education group on a mission to equalize the playing field in Web3, today announced a commitment to providing Web3 and metaverse education for six million women in Africa over the next five years. The initiative is launching in partnership with 19+ companies including the African Leadership Group, Africa Women CEOs Network, Chipper Cash, NFT Domains, Polygon Labs, Sankore 2.0, Unstoppable Domains, Uoma Beauty, and the Virtual Brand Group, along with 17 other companies.
As a first step towards their goal of onboarding six million women in Africa to Web3 and the metaverse, Unstoppable Women of Web3 and Unstoppable Domains will expand access to user-owned digital identity through free Unstoppable domains, which people can claim for the next 30 days. Web3 domains, like dranino.nft, give people ownership of their identity data – allowing them to create a portable, user-owned reputation across Web3 and the metaverse.
“Africa has one of the most rapidly growing Web3 sectors today, but it’s not exempt from the gender equality issues we see across the globe, and we need to make sure everyone has a seat at the table,” said Sandy Carter, Founder of Unstoppable Women of Web3 and COO and Head of Business Development at Unstoppable Domains. “Empowerment starts with education, which is why we’re thrilled to lead this initiative to educate six million more African women on the metaverse and Web3.”
In order to meet this commitment, the partner organizations will offer Web3 and metaverse education via a wide assortment of educational streams, programs, learning materials, in-person events, and online courses:
The African Leadership Group will offer master classes and content on Web3 and the metaverse to their ongoing training and lifelong learning programs across Africa.
Africa Women CEOs Network will present a CEO Education in Masterclass Program designed specifically for women in Africa.
Educational programs will be available online on the Unstoppable Women of Web3 official website, and will be translated into Portuguese, French, and Arabic.
Chipper Cash will surface Unstoppable Women of Web’s Web3 and metaverse education within its app.
Sankore 2.0, an Africa-focused blockchain community builder, will develop and organize online and physical courses on metaverse knowledge and blockchain code development to empower African women in Web3 technology.
Unstoppable Women of Web3 and Unstoppable Domains will provide free Web3 domain addresses to expand access to user-owned digital identity. They’ll also launch a set of blogs on digital identity on the Unstoppable Women of Web3 website, available in French and English, and issue special NFT-based Education Badges for women who complete the education programs.
Unstoppable Domains and Unstoppable Women of Web3 will launch a blockchain education stream in partnership with Alchemy.
Today, Africa is one of the fastest-growing adopters of blockchain, cryptocurrencies, and Web3 technology globally. The continent already features the world’s second-largest Bitcoin market and a government-backed central bank digital currency. Africa also witnessed a 1,200% increase in crypto payments from 2020 to 2021, showing a massive and rapidly growing demand for the nascent technology.
“Having started my entrepreneurial career in Nigeria at 17, I know the power and opportunity of Africa. I see technology and innovation as the way to unlock this next generation of women,” said Sharon Chuter, CEO & Founder of Uoma Beauty.
However, like many male-dominated tech and engineering sectors, Web3 suffers from uneven representation. In 2021, for example, out of the 121 leading crypto companies, it was discovered that less than 5% were founded by women, and women only represent 10% of partners at crypto funds.
Fred Swaniker, founder and CEO of African Leadership Group, said: “By 2035, Africa will have the largest and youngest workforce in the world and will be the primary driver of the 4th industrial revolution. Considering the burgeoning nature of the Web3 industry and the fact that women currently make up 50% of the African continent, it is incredibly important to educate and empower our women with the tools they need to succeed in this field. This partnership will champion not only diversity in Web3 but also enable Africa to continue establishing itself as a global Web3 hub.”
Jennifer Kattula, SVP of Marketing at Polygon Labs said: “We believe in diversity and its impact on the web3 industry. We support women on this International Women’s Day and 365 days of the year. We are proud to support Unstoppable Women of Web3 and the Metaverse as they expand into Africa and beyond.”
Dr. Anino Emuwa, Managing Director of Avandis Consulting and Founder of Africa Women CEOs Network, said: “This initiative will give women in Africa a chance to participate in one of the fastest growing industries in the modern world. The tech and Web3 industries have historically faced issues with diversity and a lack of representation, but with this new initiative, women in Africa can learn about a burgeoning industry and be part of building its future.”
Justin W. Hochberg, CEO and Co-Founder of the Virtual Brand Group, said: “If you can defy gravity in the metaverse, why can’t we defy convention as to who has a voice and the technical skills? This is a once in a generation opportunity to empower diverse talent which will benefit everyone as we collectively build this brave new interconnected world from games to fashion, loyalty to art, sports, music, entertainment and beyond. I challenge everyone to be the change you wish to see in the metaverse and web3 starting here and now with the women of Africa where humankind originated and which over the next decades will be a leading global technology hub.”
Laura Kennedy, VP of Corporate Development at Chipper Cash, said: “We are delighted to pledge our support to the Unstoppable Women of Web3 initiative. Chipper Cash is a company deeply committed to unlocking global opportunities to connect and uplift Africa. When Chipper launched a crypto product more than two years ago, it was in response to a need expressed by our customers. With this initiative, Chipper and Unstoppable Women share a vision that inclusive access and education are critical to building an equitable online ecosystem where everyone can thrive.”
Other partners supporting this initiative are: African Women in Fintech & Payments (AWFP), Afrilabs, Bookings Africa, Ejara, Eloy Awards Foundation, Emerging Africa Group, Futuresoft, Google Cloud, Kenya Blockchain Ladies DAO, Mission Impact Academy, Miss O Cool Girls, NairaEx, SpaceYaTech, The Product House, Thousand Faces NFT, UTU, Women in Management Africa (WIMA), and Women in Tech.
This is not the first time Unstoppable Women of Web3 has launched an educational initiative to onboard women from underrepresented communities to Web3. Last October, the organization also announced its mission to educate and onboard over five million Latinas into Web3 by 2030.
About Unstoppable Women of Web3
Launched in 2022, Unstoppable Women of Web3 is a diversity and education group focusing on training the next generation of talent, with a mission to equalize the playing field early in the Web3 era. All 206 collaborators have pledged to feature work created by historically marginalized groups in at least half of all materials used for Web3 education.
About Unstoppable Domains
Launched in 2018, Unstoppable Domains is a Web3 domain name provider and digital identity platform working to onboard the world onto Web3. Unstoppable Domains offers Web3 domains minted on the blockchain that give people full ownership and control of their digital identity, with no renewal fees. With Unstoppable Domains, people can replace lengthy alphanumeric crypto wallet addresses with a human-readable name and log into and transact with more than 720 apps, wallets, exchanges and marketplaces. The company was named by Forbes as one of America's Best Startup Employers in 2022.
About African Leadership Group
The African Leadership Group (ALG) is an ecosystem of independent entities with a shared vision for transforming Africa by developing three million ethical and entrepreneurial leaders by 2035. Anchored in its unique and effective learning model, ALG has been at the forefront of developing diverse talent for the past two decades, equipping and harnessing the potential of African youth to meaningfully engage with — and contribute to — the global digital economy as leaders and innovators. As a leading technology training provider, its mission is to solidify Africa’s place as the final frontier for technology, while providing a lasting solution to the global technology talent shortage. ALG was named by Fast Company as one of the 50 most innovative companies in the world in 2019.
About Africa Women CEOs Network
Africa Women CEOs Network, is a community of women leading businesses. Our peer network helps women combat the lonely-at-the -top syndrome supporting their professional growth through the provision of bespoke leadership development and access to business opportunities.
As UN Women Generation Equality Action Coalition commitment makers, we collectively contribute to accelerating progress towards gender balanced leadership across the continent through our advocacy and DEI initiatives.
About Chipper Cash
Chipper Cash is a financial technology company serving more than five million customers across the African continent. In 2018, Chipper Cash revolutionized moving money in Africa with the introduction of fee-free transfers for personal payments—providing a frictionless way to send and receive money cross-border and enabling financial inclusivity across the continent. Since then, Chipper has increased its product suite by offering personal investments and digital business transactions, and expanded its reach into the US. Led by co-founders Ham Serunjogi and Maijid Moujaled, Chipper Cash is focused on its mission to provide the most trusted and accessible financial services for people living in Africa and beyond. For additional information, please visit www.chippercash.com.
About Polygon Labs
Polygon Labs develops Ethereum scaling solutions for Polygon protocols. Polygon Labs engages with other ecosystem developers to help make available scalable, affordable, secure and sustainable blockchain infrastructure for Web3. Polygon Labs has initially developed a growing suite of protocols for developers to gain easy access to major scaling solutions, including layer 2s (zero-knowledge rollups and optimistic rollups), sidechains, hybrid chains, app-specific chains, enterprise chains, and data availability protocols. Scaling solutions that Polygon Labs initially developed have seen widespread adoption with tens of thousands of decentralized apps, unique addresses exceeding 220.8 million, over 1.18 million smart contracts created and 2.48 billion total transactions processed since inception. The existing Polygon network is home for some of the biggest Web3 projects, such as Aave, Uniswap, and OpenSea, and well-known enterprises, including Robinhood, Stripe and Adobe. Polygon Labs is carbon neutral with the goal of leading Web3 in becoming carbon negative.
About Virtual Brand Group
The Virtual Brand Group (VBG) is an award-winning metaverse pioneer transforming businesses by strategizing, building, and operating brands in virtual worlds. VBG works in partnership with global intellectual property across entertainment, fashion, retail, lifestyle, and beauty to deliver immersive experiences, social games, digital marketing campaigns, virtual fashion, and next-level token reward programs.
The company won Licensing International's "Best Digital Licensed Product" for its work building Forever21's Shop City into the #1 retailer on Roblox (the first-ever metaverse winner). VBG was recently credited with making Forever 21 one of the "top 10 metaverse companies for 2023." Additionally, the company has been featured in over 500 top-tier media outlets for its work with other brands, including Barbie, for which it designed the iconic character's first-ever virtual fashion line and putting "The Voice" singing competition with NBC - airing in 145 territories - into the metaverse for the first time securing record-breaking numbers. VBG is credited with developing "Infinite Loop Marketing,™" the first-ever avatar-to-ecommerce program where items can be sold simultaneously in the metaverse and real life.
#GetMetaversed on Twitter and LinkedIn. For more, visit virtualbrandgroup.com. ContactNora [email protected]
17 days ago • cryptodaily
Metacade Token Sale Advances to Stage 6 with $9.3m Sold and Only 2 Stages Left
London, United Kingdom, 8th March, 2023, ChainwireGameFi arcade project Metacade has continued to see a phenomenal response to its MCADE token presale, with 5 stages selling out and an impressive $9.3m raised to date. This leaves only two rounds before the presale closes and the hotly anticipated token finally lists on public exchanges.
During the recent Metacade presale, a significant demand for tokens led to Stage 5 quickly reaching its token sale cap at a price of $0.0155. The current stage 6 sees a token price of $0.017, ahead of its ultimate increase to $0.020 in the closing stage of the presale. Once the presale sells out, the token will be unleashed on multiple crypto exchanges, including Bitmart and Uniswap.
Russell Bennett, CEO at Metacade, said: “It feels like only yesterday that we opened the MCADE presale and it’s already coming to a close. We’re thrilled to have so many investors and GameFi enthusiasts on board for the next stage of Metacade’s journey. Everything is on track and we will be keeping the community updated every step of the way.”
It certainly has been interesting to follow the buzzing Metacade social channels, where a loyal development community shares ideas, including app interfaces and UX concepts. The business aims to hire from within the existing community as the project progresses following the presale.
Metacade is set to deliver the ultimate play-to-earn experience and change the face of gaming. Built on blockchain-based play-to-earn mechanics, Metacade will allow gamers to earn a crypto income while playing a vast range of arcade-style games. The GameFi project is building a community hub for all things play-to-earn where gamers can meet, exchange gaming alpha, and compete against each other in tournaments to earn MCADE.
MCADE is the fuel for the Metacade ecosystem and is used in all transactions on the platform. Gamers will be rewarded tokens for gameplay such as overcoming challenges, completing tasks, and battling it out in PvP sessions. Users will also be awarded MCADE tokens for their valuable contributions to the platform, such as sharing knowledge with fellow gamers, writing game reviews, and engaging in events.
A highly attractive feature that’s drawing in investors is the Metagrants initiative, a source of funding for game developers to build projects on the platform. Developers submit game proposals to the community who vote on what projects they would like to see built. The most popular proposals are awarded funding and the developers can set about bringing their ideas to life.
Metacade recently received approval from leading blockchain auditing firm Certik who analyzed and evaluated the project’s specifications and code, as well as assured the authenticity of the Metacade team through a full KYC. This prestigious approval places Metacade among other Certik-approved projects, including Chiliz, Aave, and Polygon, assuring investors that Metacade is transparent and reliable.
Metacade is the premier destination for gaming in the metaverse. As Web3's first community arcade that allows gamers to hang out, share gaming knowledge and play exclusive P2E games. The platform offers users multiple ways to generate income, build careers in Web3, and connect with the broader gaming community.
Metacade will be the one-stop destination for users to play, earn, and network with other passionate gamers worldwide. Once the project reaches the end of its roadmap, Metacade will be handed over to the community as a full-fledged DAO, evidencing its commitment to its original ethos of people-led gaming.
Whitepaper: Metacade Whitepaper
Socials: Metacade Socials
ContactCEORussell [email protected]
23 days ago • cryptodaily
Bitbns Finally Admits To Covering Up $7.5 Million Hack
Indian cryptocurrency exchange Bitbns has finally admitted that it was hacked in February 2022, which led to $7.5 million worth of funds being compromised.
The confession comes only hours after crypto sleuth ZachXBT called out the exchange, tweeting that it was covering up the hack under the guise of system maintenance.
Funds Were Compromised: Bitbns Founder
Gaurav Dahake, the founder of the Indian crypto exchange Bitbns, admitted on 1st March 2023 that the exchange was hacked in February 2022. Speaking at an AMA session, Dahake stated that the funds were indeed compromised but stated that it was not an abnormal situation. He noted that the exchange was taken offline so that the team could analyze the anomalies on the platform.
The admission came after crypto researcher ZachXBT called out the exchange, stating that it was covering up the February 2022 hack under the guise of system maintenance. ZachXBT shared screenshots of Bitbns tweets from February 2022 and tweeted,
“Let’s call out the crypto exchange BitBNS for hiding a $7.5 million hack from their users on 1st February 2022 and then proceeding to tell them it was “system maintenance.”
Dahake Doubles Down
However, Dahake, despite admitting to the hack, stated that the Bitbns team took down the exchange only after noticing an abnormally high throughput on their servers. According to Dahake, the team discovered that the prices of Polygon (MATIC), BNB (BNB), and Aave (AAVE) needed to be corrected, identifying a considerable difference between the buying and selling prices of the tokens. The team was also able to discover anomalies related to withdrawals.
During the course of the investigation, Dahake stated that the team discovered that specific addresses had received different tokens from the platform. These tokens were converted to Ethereum and then sent to different addresses. Dahake did not confirm the amount of funds that were compromised. However, ZachXBT put this figure at $7.5 million.
Nothing Abnormal About It
Interestingly, Dahake stated that this could not be considered abnormal activity, adding that the same had occurred at multiple other exchanges such as Binance, KuKoin, and others. He stated,
“Most big exchanges saw such incidents. Binance had funds compromised. BitBNS, too saw a small incident. Right before that incident, we had experienced irregular activities on the platform, and that’s when we decided to take the exchange offline for a few minutes to analyze the issue.”
Elaborating on the anomalies discovered during the investigation, Dahake stated,
“We found issues with specifically a few token prices; there was a difference in buying and selling prices. At that point in time, some users were trying to withdraw funds. We wanted to analyze the funds and found on one particular address, a certain amount of funds went from different tokens, and those got converted into Ethereum and went to different addresses.”
Dahake also added that Bitbns is currently the only exchange in India that is allowing users to withdraw their crypto. The exchange has seen a high volume of withdrawals since February 2022.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
25 days ago • cryptodaily
Metacade presale stage 5 selling out as strategic partnership with MEXC is confirmed
London, England, 28th February, 2023, ChainwireMetacade, a community-led GameFi project, has gained significant momentum in its presale following the recent announcement of its strategic partnership with leading exchange MEXC. Only 3 presale stages remain before the MCADE token is sold out and officially listed on exchanges.
Stage 5 of the GameFi arcade’s presale is currently priced at $0.0155, with stage 6 increasing to $0.017 - a 9.67% rise on the previous round. Once the presale is sold out, MCADE will be released on multiple crypto exchanges, including leading cryptocurrency exchanges Bitmart, as well as the popular DeFi exchange Uniswap.
Merging both crypto and gaming, the Metacade arcade is set to revolutionize the gaming industry in a way that rewards gamers for their gaming efforts and unites the burgeoning GameFi community in a meaningful and innovative way. Built on the Ethereum blockchain, Metacade will be the go-to place for Web3 gamers for everything GameFi. The platform will host a stellar range of games, leaderboards, forums, live chats, and much more to truly keep the gaming community engaged.
Russell Bennett, who was recently voted into the CEO role by the community at Metacade, said: “As momentum builds and awareness spreads about the project, we’re seeing both large and small investors taking advantage of the MCADE token presale. It’s incredible to see such a huge number of GameFi enthusiasts getting involved and we can’t wait to shake up the gaming industry and deliver a disruptive product.”
The MCADE token is a crucial component of the Metacade ecosystem, powering all transactions that take place on the platform. Gamers will be rewarded in crypto for their gaming efforts and valuable contributions to the platform such as writing GameFi reviews, participating in tournaments, and sharing knowledge with fellow gamers. Token holders will also be able to increase their crypto holdings by staking MCADE on the platform.
The Metacade team values the importance of supporting the community and will be launching a jobs board to help gamers find top jobs at Web3 companies. In addition, Metacade will launch Metagrants, an attractive initiative aimed at game developers that allows them to submit gaming proposals to the Metacade community in order to obtain funding to build their games on Metacade.
With the stamp of approval from the prestigious blockchain auditing firm Certik, development of the Metacade platform is well underway. The auditor thoroughly analyzed and evaluated every aspect of Metacade’s specifications and code, as well as confirmed the authenticity of the Metacade team by performing a full KYC. Certik approval places Metacade among other vetted projects including Polygon, Aave, and Decentraland, and looks to provide investors with a high degree of transparency and trust in the P2E project.
Metacade is the premier destination for gaming in the metaverse and Web3's first community arcade that allows gamers to hang out, share gaming knowledge and play exclusive P2E games. The platform offers users multiple ways to get involved, build careers in Web3, and connect with the wider gaming community.
Leading cryptocurrency website CoinJournal has called Metacade : "A groundbreaking plan to deliver an incredible set of features, putting Metacade in pole position to establish itself at the core of the GameFi arena."
Metacade will be the one-stop destination for users to play, earn, and network with other passionate gamers worldwide. Once the project reaches the end of its roadmap, Metacade will be handed over to the community as a full-fledged DAO. Metacade and ‘Metacaders’ as they’ve become known are on a clear mission to shape the GameFi world of tomorrow.
For more information: Website | Whitepaper | Socials
ContactCEORussell [email protected]
29 days ago • cryptodaily
The Benefits Of Account Abstraction And Smart Contract Wallets
The Benefits Of Account Abstraction And Smart Contract Wallets
Account Abstraction has become a heightened topic of discussion in the Ethereum community in recent months.
Account Abstraction is the missing key to driving mass adoption and making interactions with the blockchain easier.
What Exactly Is Account Abstraction?
To fully understand Account Abstraction, it is essential to understand how accounts function on Ethereum. There are two primary types of accounts on Ethereum, externally owned accounts (EOAs) and contract accounts. Most personal wallets use externally owned accounts that are secured by complex, often difficult-to-guess numbers called a “private key.” The second type of accounts, contract accounts, are controlled by computer code deployed on the Ethereum blockchain. This is why it is capable of implementing any type of logic.
Externally owned accounts are typically controlled by a key pair consisting of a public and private key. These help to initiate various actions with the account and establish ownership. On the other hand, in most cases, smart contract accounts cannot initiate actions on the Ethereum Virtual Machine. This is where Account Abstraction comes into the picture. Account Abstraction looks to decouple accounts that are within the Ethereum Virtual Machine (EVM) with key pairs that are outside the EVM. This removes the requirement for a seed phrase, converting them into smart contracts.
Self-Custody Is More Than Just Key Pairs
Ethereum founder Vitalik Buterin and others in the Ethereum community realized that private keys are not the answer when it comes to self-custody. This is because a seed phrase can easily be misplaced. Instead, they believed that personal wallets could fulfill the role of contract accounts, thus enabling them to be secured by any custom logic, allowing new onboarding methods such as simply creating an account with an email or password, and enabling seamless account recovery.
Why Is Account Abstraction Important?
Account Abstraction is considered essential for a variety of reasons. It is cited as the missing link to enable mass adoption, making interactions with the blockchain easier, paving the way for increased security and self-custody, and reducing the risks arising from a lost seed phrase or hack. Decreasing such risks is critical for users and also improves the image and usability of the crypto and DeFi ecosystems as a whole.
It also better facilitates onboarding by enabling account creation through social logins, thus improving the experience for less experienced users. Account Abstraction also enables better flexibility, making smart contracts more compatible with other protocols and decentralized applications.
Benefits Of Smart Contract Accounts
Smart contract accounts offer users a host of benefits. Users can simply create an account without requiring a seed phrase. They can also recover accounts by simply using their email address. Let’s look at an example using the Ambire wallet. Users can sign up for the Ambire wallet using their email address and password. Alternatively, users can also use other Web3 or hardware wallets.
They can also pay transaction fees using ERC-20 tokens, meaning users would no longer require ETH, or any chain’s native token for that matter, for any action they need to perform. This is particularly important when it comes to driving the adoption of crypto. Suppose you hold a particular asset like USDC and wish to deposit it on Aave; you can pay the required transaction fee in USDC without swapping it for or acquiring ETH. The Ambire wallet makes it possible for users to choose which currency they wish to use to pay the transaction fees. Users can also save on the fees involved by paying in $WALLET tokens or using Ambire’s Gas Tank feature.
Users can also batch transactions, allowing them to perform multiple transactions simultaneously and save gas fees. The Ambire wallet allows you to transfer funds to a new account or wallet, approve, and then complete the swap simultaneously. This means users pay the gas fee only once instead of thrice. Furthermore, they also enable session keys, meaning users no longer need to sign in multiple times. Smart contract wallets also would allow users to add or remove signers, giving them far more control over a wallet’s security than an EOA wallet. For example, Ambire wallet users can create an account using their username and password and also add a hardware wallet as a signer to confirm transactions, increasing the overall security of the account. Other benefits include allowing users to time delay their transactions and create custom rules.
What Lies Ahead?
While promising, smart contract accounts still require some improvements. Currently, they require an additional relayer service. However, the implementation of EIP-4337 eliminates the need for such a service, making smart contract account transactions native to the blockchain. EIP-4337 is critical because it is the first Account Abstraction proposal that does not require core protocol changes. Instead, it takes the transaction validation out of the protocol and moves it to the smart contract level.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
37 days ago • cryptodaily
Former FVP of King Barcelona Studio to Take the Stage at European Blockchain Convention 2023
Manel Sort, former FVP of King Barcelona Studio, will be speaking at the European Blockchain Convention 2023 on the topic of blockchain and gaming. He is an expert in team building and leading high-profile projects such as Candy Crush and Farm Heroes. He will be sharing his insights and expertise through solution-based pitches, discussions, and debates. Don't miss this opportunity to hear from him!
Barcelona, Spain, 15th February, 2023: After 7 highly successful events, European Blockchain Convention 2023 is ready to be held again on 15-17 February in the heart of Barcelona, Spain. The event will welcome more than 3,000 attendees - making it the largest edition since the event was launched in 2018.
2023 seems to provide relief compared to 2022, although there are several parallel problems of a global scope, the blockchain industry is still standing and evolving steadily, but what is the state of the blockchain industry's health?
The three-day event will feature more than 200 exceptional industry experts across various panels, keynotes, workshops, and fireside chats. Manel Sort, will be moderating the visionary stage on 16th February; 15:35PM CET alongside speakers Justin Rice and Antoni Zolciak. With solution-based pitches, discussions and debates, this show is not to be missed. The European Blockchain Convention’s vision has always been to help the blockchain community connect and thrive.
“We’re thrilled to join EBC and watch Manel in action, moderate amongst some of the biggest names in action. It gives us a great opportunity to hear from successful entrepreneurs and projects, as well as network and expand the GFAL ecosystem.”, said the team at Games for a Living.
The list of speakers includes prominent figures from top industry players such as, Emma Lovett, Markets DLT, Executive Director, JPMorgan Chase, AAVE founder & CEO Stani Kulechov, Solana co-founder Stephen Akridge, Santander’s Head of Crypto Coty de Monteverde, Marc Schaumburg, Executive Producer, Sony Pictures Entertainment, Matteo Melani NFT Engineering Manager, Meta and Chia Jeng Yang, Investor, Pantera Capital. As in previous years, the conference will be held across two stages and welcome a diverse audience of blockchain developers and users, including those involved in DeFi, NFTs, Web3 and blockchain gaming.
A key highlight of this year’s edition will be the EBC Blockchain Awards, which celebrates the top 100 early-stage startups currently operating in Europe. With a few weeks to go, the prize-giving follows a month of public voting, with ten finalists selected to pitch to a jury panel of investors during the three-day event.
About Manel Sort:
Manel Sort is a former FVP (First Vice President) of King Barcelona Studio, a video game development company known for popular titles such as Candy Crush and Farm Heroes. Sort is a highly experienced executive in the gaming industry, with over 20 years of experience in leadership roles. Throughout his career, Manel has developed more than 60 video games for console, PC, and web which overall has generated more than 1bn USD in EBITDA. His most notable projects include names such as Candy Crush at King with $1M per day in revenues, as well as his work at Digital Chocolate, Activision Blizzard, and more.
About Games for a Living:
GFAL is a blockchain gaming platform created by a team of seasoned experts and video game industry professionals. The ecosystem consists of a permissioned layer 1 chain, game services tools for third-party developers, a marketplace, and first-party games.
The first game being developed and to be published under GFAL is called Elemental Raiders, has launched in Q4 2022, with many more to come along the way.
About European Blockchain Convention
Renowned by many as the most influential blockchain event in Europe, European Blockchain Convention is the annual meeting point for entrepreneurs, investors, developers, corporates, and global media in Europe.
EBC was born in 2018 in Barcelona with the mission to inform, educate, and connect the global blockchain community.
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.