Ark(ARK)

The latest price moves in bitcoin (BTC) and crypto markets in context for March 31, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

Predictions on what the future holds for Ripple in the long term have been making rounds within the Ripple community while XRP supporters await a ruling from the Judge.

Sushi Swap Head Chef Jared Grey has expressed his disillusionment with the state of the crypto industry as regulatory crackdowns, including actions against the decentralized exchange (DEX) he manages, have intensified.Grey spoke about his feelings towards U.S. regulators and the industry during a recent ask-me-anything call on Discord. Grey shares: "It really feels like over this last cycle that the majority of that feeling [of excitement] is gone now. Look at what's going on on the regulatory side of things. Like this morning, Senator [Elizabeth] Warren [was] stating she's putting together an anti-crypto army to regulate the space into obedience." Grey's comments come after he disclosed that the U.S. Securities and Exchange Commission (SEC) served him and Sushi DAO with a subpoena, signaling the potential for a prolonged and costly legal battle with regulators seeking stricter oversight over crypto firms. Unlike centralized exchanges such as Coinbase or Binance, Sushi Swap operates via smart contracts on the Ethereum blockchain as a DEX, managed day-to-day by Grey and governed by token holders who vote on proposals. Anticipating the legal battle, Grey recently proposed allocating $4 million of the protocol's treasury funds to a "Sushi DAO Legal Defense Fund." The fund, nearly equal to the DAO's annual operating expenses, has faced significant backlash on community Discord channels and became a focal point during the call. Although attendees of the community call requested further information about the subpoena, Grey declined to provide more details, citing legal advice. Despite the controversy surrounding the legal defense fund, Grey's responses appeared to satisfy the call participants, who remained silent on the matter. "I've been advised by legal not to talk about subpoena in detail," Grey said. "Just to say, 'Hey, you know, we've received one [and] we're cooperating with it,' and kind of leave it at that for now." However, the legal defense fund proposal has sparked debate on the DAO's governance proposal forum, with some community members demanding transparency about the subpoena and others calling for Grey's resignation. Roughly a third of poll respondents in the forum have voted against the fund so far. This controversy emerges as Sushi Swap grapples with ongoing financial challenges. In December 2022, the protocol reduced its annual runway requirement from $9 million to $5 million, and Grey revealed that Sushi Swap had less than 18 months of runway left in its treasury. Grey acknowledged these financial issues during the call, stating, "All that we're doing now is just like to stem the bleeding that kind of has been occurring." The recent SEC investigations have taken its toll on the protocol's native token, which has dropped 12% since the announcement of the subpoena. As regulatory scrutiny continues to intensify, the crypto community will undoubtedly keep a close watch on the unfolding situation and its potential impact on the industry at large.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.

Bitcoin, the largest cryptocurrency by market capitalization, is moving on a notably bullish path. The apex cryptocurrency has hit a new milestone after attaining gains that have pushed it to a new peak.

In Todays Headline TV CryptoDaily News: Visa and Fold expand partnership to new regions. Bitcoin rewards app Fold and Visa have expanded their ongoing partnership. The U.S. payments giant will now serve as the exclusive network partner for Fold's prepaid debit and credit products in North America, Europe and Latin America. USDC outflows surpass $10 billion since March 10th. Crypto investors are fleeing Circle’s USDC stablecoin, with many of them switching to Tether, which has reached a 22-month high in market share. USDC token net outflows have surpassed $10 billion since March 10, when regulators shuttered key reserve banking partner Silicon Valley Bank. Bitcoin spikes above $29K. Bitcoin set new nine-month highs as traders continued to stay cautious. Prices spiked to above $29000. BTC/USD dropped 0.7% in the last session. The last session saw the Bitcoin drop 0.7% against the Dollar. The Williams indicator is giving a negative signal. Support is at 26688.6667 and resistance at 29472.6667. The Williams indicator is currently in the negative zone. ETH/USD remained largely unchanged in the last session. The Ethereum-Dollar pair traded sideways in the last session. The MACD is giving a negative signal. Support is at 1744.7967 and resistance at 1849.1967. The MACD is currently in the negative zone. XRP/USD dove 1.3% in the last session. The Ripple-Dollar pair dove 1.3% in the last session. According to the RSI, we are in an overbought market. Support is at 0.4785 and resistance at 0.6147. The RSI points to an overbought market. LTC/USD plummeted 2.2% in the last session. The Litecoin-Dollar pair dove 2.2% in the last session. The MACD is giving a positive signal. Support is at 87.1067 and resistance at 95.0467. The MACD is currently in the positive zone. Daily Economic Calendar: US Personal Spending The Personal Spending measures purchases of goods and services by households and by nonprofit institutions that serve households from the private sector. The US Personal Spending will be released at 12:30 GMT, Germany's Unemployment Change at 07:55 GMT, the UK's Current Account at 06:00 GMT. DE Unemployment Change The Unemployment Change is a measure of the absolute change in the number of unemployed people using seasonally adjusted data. A rise in this indicator has negative implications for consumer spending. UK Current Account The Current Account measures net flow of current transactions, including goods, services and interest payments into and out of the local economy. UK Gross Domestic Product The Gross Domestic Product is a measure of the total value of all goods and services produced by a country. The GDP is considered as a broad measure of economic activity and health. The UK's Gross Domestic Product will be released at 06:00 GMT, the US Personal Income at 12:30 GMT, Japan's Annualized Housing Starts at 05:00 GMT. US Personal Income The Personal Income measures the total income received by individuals, from all sources including wages and salaries, interest, dividends, rent, workers' compensation, proprietors' earnings, and transfer payments. JP Annualized Housing Starts The Annualized Housing Starts captures how many new single-family homes or buildings were constructed on an annualized basis. It is a key indicator of the housing market. 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.

The founder of the Tron blockchain, Justin Sun, is no longer a diplomat for Grenada. Grenada had recalled all diplomats following the June 2022 election in which the part that granted the title was removed from power. No Longer A Diplomat For Grenada According to reports coming from the Grenada Broadcasting Network, Sun’s removal as a diplomat came after the New National Party, which was the part that gave Sun the status, lost the election to the National Democratic Congress. The report stated that all ambassadors assigned by the previous government were recalled during the early months of the new administration. The report from the Grenada Broadcasting Network comes after weeks of intense speculation in the press and social media about Sun losing his credentials. However, Sun has not yet publicly addressed the speculation. Sun Carries On Justin Sun was appointed as the ambassador to the World Trade Organization by the government of Grenada in 2021. Since being appointed, Sun has gone out of his way to flout his credentials, styling himself as “His Excellency” on his social media accounts and during media interviews. Sun had been tweeting from his diplomatic Twitter account (@HEjustinsun) as recently as October. He has, so far, given no indication of losing his diplomatic status and still maintains the H.E. on his personal Twitter account. With Sun’s appointment as Grenada’s ambassador to the WTO, the government of Grenada stated that it expected him to help promote trade, development opportunities, and investment in the country. He was also tasked with supporting the development of infrastructure, human resources, and information and communication technology for the country and conduct himself in a way that enhances Grenada’s image. Neither Sun nor the government of Grenada have commented on the matter so far. SEC Charges Sun Soon after losing his diplomatic status, the Tron founder found himself in the crosshairs of the Securities and Exchange Commission (SEC). The SEC charged Sun with fraud and also accused eight celebrities, including rapper Soulja Boy and actress Lindsay Lohan, of illegally promoting his crypto assets. Sun, along with his companies, the BitTorrent Foundation, Tron Foundation, and Rainberry, were accused of scheming to distribute billions of Tronix (TRX) and BitTorrent (BTT) tokens and artificially inflate their trading volume since 2017. In a statement, the SEC Chair, Gary Gensler stated, “As alleged in the complaint, Sun and others used an age-old playbook to mislead and harm investors by first offering securities without complying with registration and disclosure requirements and then manipulating the market for those very securities. At the same time, Sun paid celebrities with millions of social media followers to tout the unregistered offerings, while specifically directing that they not disclose their compensation. This is the very conduct that the federal securities laws were designed to protect against regardless of the labels Sun and others used.” The Securities and Exchange Commission stated that some of those accused with Sun have agreed to pay a total of $400,000 in disgorgement, interest, and penalties to settle charges leveled against them. 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.

HBAR defies the general market sentiment today with a massive 9% increase.

[PRESS RELEASE – Dubai, United Arab Emirates, 31st March 2023] Unizen is thrilled to announce a strategic partnership with DWF Labs, a leading global digital asset market maker and multi-stage Web3 investment firm. This collaboration will enhance Unizen’s mission to address the challenges faced by Web3 technology and create a seamless, frictionless experience for users […]

The move comes as Australians continue to reduce their usage of cash and bank branches, but has sparked fears that the death of cash is near.

Dubai, United Arab Emirates, 31st March, 2023, ChainwireUnizen is thrilled to announce a strategic partnership with DWF Labs, a leading global digital asset market maker and multi-stage Web3 investment firm. This collaboration will enhance Unizen’s mission to address the challenges faced by Web3 technology and create a seamless, frictionless experience for users by bringing together third-party blockchain projects from various networks under one roof, using the best interoperability and aggregation frameworks available.Unizen is dedicated to solving the complexities and inefficiencies that currently plague the Web3 ecosystem, such as research requirements, cross-chain bridging, native token gas fees, and more. Unizen’s all-in-one toolbox provides a user-friendly interface that integrates data and Web3 applications from top blockchains, enabling users to have full control over their assets and access the best rates with ease.The Unizen platform is built upon three core pillars: the Unizen Interoperability Protocol, Unizen Liquidity Distribution Mechanism, and the Unizen Omni-Chain Data Pool. These groundbreaking innovations ensure seamless blockchain traversal of digital assets, optimal execution prices for all assets backed by decentralised liquidity, and a uniform and standardised interface for apps and blockchain interactions across multiple networks.Andrei Grachev, the Managing Partner of DWF Labs, stated, “Unizen’s groundbreaking solutions, such as the Unizen Interoperability Protocol and Liquidity Distribution Mechanism, are transforming the way users interact with multiple blockchain networks. We believe that Unizen's innovative approach to solving the challenges faced by the ecosystem aligns perfectly with our mission at DWF Labs, and we're looking forward to a fruitful collaboration that drives the industry forward.”Sean Noga, the CEO of Unizen, stated, "By partnering with DWF Labs, Unizen is proudly joining forces with a company that drives industry adoption and increases efficiencies and usability across the Web3 landscape. We look forward to collaborating with DWF Labs to further enhance the user experience and foster the growth of blockchain technology."About UnizenUnizen is an innovative project that addresses the challenges faced by Web3 technology by creating a seamless, frictionless experience for users. Unizen’s platform brings together third-party blockchain projects from various networks under one roof, using the best interoperability and aggregation frameworks available. With our all-in-one toolbox, Unizen aims to revolutionise the Web3 ecosystem by providing a user-friendly interface that integrates data and Web3 applications from top blockchains.About DWF LabsDWF Labs is the global digital asset market maker and multi-stage Web3 investment firm, supporting portfolio companies from token listing to market making to OTC trading solutions. With offices in Singapore, Switzerland, the UAE, Hong Kong, South Korea, and BVI, the investment company DWF Labs is an affiliate of Digital Wave Finance (DWF), which consistently ranks among the top 5 trading entities by volume in the cryptocurrency world through its proprietary technology for high-frequency trading.Learn MoreWebsite | Gitbook |Twitter | Telegram | DiscordContactCEOSean [email protected]

ALSO: A crypto investor, entrepreneur and market observer suggests that TradFi may be approaching a tipping point that benefits bitcoin, among other digital currencies, and could shift a large part of the crypto economy to Hong Kong.

The bank predicts the private equity market to become the most “tokenized” asset class because it is more liquid and can be fractionalized.

As Bitcoin’s (BTC) price marches toward the $30,000 mark, analysts are scratching their heads over a capital flight in the virtual asset industry.

Cardano, the seventh-largest cryptocurrency by market capitalization, has been making steady progress towards achieving scalability, and the upcoming Hydra upgrade is poised to take it to the next level.

Bitcoin (BTC) rose over $28,000 on Thursday, rallying over 15% in the past two weeks. Mark Connors, 3IQ head of research, is attributing the most popular cryptocurrency‘s rise to the uncertainty in the banking sector.

The man who predicted the 2008 financial crisis is no longer bearish on the broader market.

Raydium, Solana's second-biggest decentralized exchange, envisons a bug bounty program to clean up its market maker smart contracts.

The cryptocurrency market is one of the most exciting and dynamic investment opportunities of our time. It's fast-paced, unpredictable and full of potential. In the last week alone, Litecoin (LTC) has surprised many crypto natives with a remarkable performance week after week. Currently priced at about $90, market watchers predict that LTC could break the $100 mark in days. Shiba Inu (SHIB) has had a rough start to the year, with more predictions pointing to an ongoing bear trend for the once-popular meme coin. However, Orbeon Protocol (ORBN), a newcomer in the crypto space, is setting up for a journey to the moon, with experts predicting a 6000% price increase by the end of the year. >>BUY ORBEON TOKENS HERE>BUY ORBEON TOKENS HERE>BUY ORBEON TOKENS HERE<< Orbeon Protocol (ORBN) The Orbeon Protocol (ORBN) native token, ORBN, has seen an impressive 2713% gain since the start of its presale, with market analysts predicting a potential 6000% return by the end of the presale. Orbeon Protocol (ORBN) is a platform that enables users to invest in nascent businesses through fractional means, allowing individuals to invest in their preferred brands for as little as $1. The Orbeon Protocol (ORBN) platform creates and distributes NFTs based on rewards and equity, which can be fractionated accordingly. All investment terms are written into the smart contract of the NFT, ensuring transparency for both businesses and users of Orbeon Protocol (ORBN). Also, investors have been protected from rug-pulls thanks to a security mechanism that refunds investors in case the startup fails to fulfill its goals. In addition to the investment platform, Orbeon Protocol (ORBN) also offers a wallet that users can use to store their NFTs and an exchange that can be used to swap the digital assets listed on the exchange. With an 2713% price gain so far, ORBN has outperformed multiple coins in the market, including top cryptocurrencies, since its launch, and Orbeon Protocol (ORBN) has continued to gain momentum. The success of the Orbeon Protocol (ORBN) presale highlights the potential of the platform and its ability to offer a new, innovative way to invest in nascent businesses. Find Out More About The Orbeon Protocol Presale Website: https://orbeonprotocol.com/ Presale: https://presale.orbeonprotocol.com/register 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.

Collateral Network (COLT) is a new player in the blockchain-based investments space, and it's already generating a buzz among Bitcoin (BTC) and Ethereum (ETH) holders. In the presale phase, Collateral Network (COLT) is offering a unique investment opportunity that promises to deliver significant returns. Let's learn more! >>BUY COLT TOKENS NOW>BUY COLT TOKENS NOW>BUY COLT TOKENS NOW<< Ethereum (ETH) In the world of blockchain-based investments, Ethereum (ETH) is one of the most popular tokens after Bitcoin (BTC). Many investors are drawn to Ethereum (ETH)'s potential as a platform for DeFi applications, with current projects in the space aiming to facilitate trustless borrowing and lending on Ethereum (ETH). Ethereum (ETH) has been successful in this regard, with world-renowned institutions like Ubisoft, ING, and IBM all relying on Ethereum (ETH) for their operations. Today, Ethereum (ETH) has a market cap of over $200 billion, making it the world's second-largest cryptocurrency by market value. But with such a large market cap, just how high can Ethereum (ETH)'s price go? It is unlikely that Ethereum (ETH) will see another 1000% gain &mdash; something that Collateral Network (COLT) should have no problem achieving as more investors use the platform. 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 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.

The Gemini crypto exchange is working on launching an international crypto derivatives exchange to fill the hole left in the derivatives market by the FTX ecosystem collapse. Gemini To Offer Risky Perpetual Futures Gemini, the brainchild of the Winklevoss twins, could be the next big derivatives service provider. According to reports from sources close to the matter, the crypto exchange has been reaching out to trading firms to serve as market makers to launch an overseas derivatives exchange. It is interesting to note that the platform will be specifically offering perpetual futures. This type of derivative does not have an expiry date and thus can be traded with significant leverage. Therefore, it is considered a highly risky product and banned for retail trading in the United States. Will SEC Disapprove? It will be interesting to note how the operation pans out, as the company has already been in hot water with the U.S. Securities and Exchange Commission (SEC) for allegedly selling unregistered securities. The SEC is not going to be too happy about the company&rsquo;s perpetual futures offering. Even though the matter would be outside its jurisdiction, it could irk the regulatory body enough to make matters difficult for Gemini. In January 2023, the company had to lay off 10% of its workforce after being caught up in the Genesis bankruptcy. Regulatory Trouble For Derivatives Providers Furthermore, other regulatory bodies are also toughening up on crypto firms, especially those offering crypto derivatives services. For example, the Commodity Futures Trading Commission (CFTC) has recently sued the Binance crypto exchange on charges of violating U.S. derivatives law. Binance Australia also had to shut down the crypto derivatives accounts of some wholesale investors who did not fit the criteria. (The exchange does not allow retail investors to participate in crypto derivatives trading on its platform.) Gemini&rsquo;s Bid For Overseas With FTX gone and now Binance embroiled in legal troubles, there is a significant market share up for grabs in international derivatives trading. In fact, even Coinbase had indicated plans to grab a chunk of this market share by launching an overseas platform to offer perpetual futures derivatives. However, as the crypto trading platform is likely going to face enforcement action from the SEC, as indicated by the Wells notice, Gemini could beat Coinbase to the overseas derivatives race. As one of the co-founders of Gemini, Cameron Winklevoss believes that the next bull run would come from Asia, the company&rsquo;s international expansion makes even more sense. 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.

The country's supreme court released two decisions for cases in which different crypto users gained profits from sales of BTC “made for the purpose of speculation” and mining.

The Chairperson of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, is demanding more funds to support his regulatory crusade against cryptocurrencies. Gensler Wants More Money On a March 29 testimony to the House Financial Services Subcommittee for SEC&rsquo;s fiscal year 2024, chief Gary Gensler demanded more financial support to keep up with the technological advances of the crypto sector. He has demanded that the regulatory body needs a higher functioning budget to crack down effectively on bad actors in the country.He said, &ldquo;Rapid technological innovation in the financial markets has led to misconduct in emerging and new areas, not least in the crypto space. Addressing this requires new tools, expertise, and resources.&rdquo; The budget amount of $2.4 billion was first proposed by President Joe Biden for the fiscal year 2024. Agency Spread Thin, Needs Funds: Gensler Gensler claimed that the SEC funds are already spread thin, and the agency requires funding in the amount of $2.4 billion to manage the increasing complexity in the capital markets as introduced by crypto companies. Giving an account of the agency&rsquo;s functioning, Gensler reported that the Division of Enforcement and Examinations, which consists of a major chunk of the agency&rsquo;s staff, had received over 35,000 separate tips, complaints, and referrals from whistleblowers in the crypto industry. On top of that, he reported that the Enforcement Division cracked the whip on 750 different cases last year by enforcing actions that brought in $6.4 billion in penalties and fines. Of these 750, thirty actions were related to the crypto industry and brought in $242 million of penalties, indicating a 36% increase over the 22 actions in 2021. SEC&rsquo;s Crypto Crusade However, his statements at the hearing indicate that, as always, Gensler has approached the fund's appeal by lashing out at the crypto industry and portraying his own agency as the lone &ldquo;cop on the beat&rdquo; working against the big bad. His statements indicate that it is an unruly space full of bad actors whose sole aim is to trick funds out of the pockets of honest American citizens. At the budget hearing, Gensler said, &ldquo;Further, we&rsquo;ve seen the Wild West of the crypto markets, rife with noncompliance, where investors have put hard-earned assets at risk in a highly speculative asset class.&rdquo; The SEC has been accused of being extra-judicial when it comes to cryptocurrency. The regulatory body is quite insistent on getting cryptocurrencies declared as securities so that they fall under the SEC&rsquo;s purview. The agency&rsquo;s severe action against certain crypto companies without any congressional oversight has drawn the interest of the U.S. House Financial Services Committee, which has recently summoned Gensler to a subcommittee hearing in April. 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.

Investors and miners who profit from selling bitcoin will have to abide by taxation rules in the Kingdom of Denmark.

As blockchain technology continues to amass hype and interest, several problems still hinder the growth of this new innovation. According to a 2022 CoinGecko publication, over 40% of (3,322 out of the 8,000) cryptocurrencies listed in 2021 are dead. Most blockchain-based projects struggle to create and maintain a transparent token supply/demand structure. And coupled with the cost of maintenance and increasing energy consumption levels, these projects have found environmental and physical sustainability to be almost impossible. Another problem of mass adoption is trust. The recent FTX debacle and preceding events, the Axie Infinity failure, and the Terra/LUNA crash have dispelled trust in blockchain, a system purported to be secure and transparent. While several &ldquo;community-powered&rdquo; projects have launched, a few live up to the claim. The current DAO and governance approach incorporated by most projects means wealthier users can buy more tokens to change voting outcomes, eliminating the concept of decentralization. These problems are at the forefront of blockchain mass adoption, making it difficult to achieve. Klaytn, an open-source public blockchain for builders, workers, and players in the metaverse, has identified the ultimate trifecta for global blockchain adoption and is working to achieve it with sustainability, verifiability, and collectiveness. Klaytn Foundation&rsquo;s Vision for Mass Adoption As part of its long-term vision to drive global adoption, Klaytn introduces a thoroughly crafted 2023 vision map for achieving the mass adoption trifecta. Sustainability The two profound components of a project&rsquo;s sustainability are&mdash;a smart tokenomicsstructure capable of creating inherent value for the ecosystem and a well-grounded tech layer capable of supporting such an ecosystem. In line with these components, Klaytn integrates specific goals. Klaytn&rsquo;s sound tokenomics and deflationary token model aspirations are stand-out features of this project. For sustainability, this public blockchain platform will continue to reschedule token releases to maintain relevance and initiate realistic targets for the right amount of tokens needed to make $KLAY a genuinely deflationary asset. It will also support activities that will guarantee mid-to-long-term token demand and supply. Taking into account the cost of running a blockchain-based ecosystem, Klaytnproposes an efficient specification for computer instances and data storage. This singular action will help the team manage nodes dexterously while reducing costs in the long run. Additionally, Klaytn will introduce new concepts such as permissionless network configurations, ecosystem treasury optimization, and token circulation monitoring that will effectively oversee the supply of new tokens based on specific criteria gathered from incumbent market conditions. Klaytn will also be on the lookout for infrastructures and services where ownership of $KLAY will guarantee holders access to these features, increasing the utility and transactional value of the token. Through exchange listings and on-chain service offerings, Klaytn hopes to attract more users. To increase the long-term sustainability of $KLAY, Klaytn will regularly burn a percentage of tokens&mdash;over 75 million $KLAY has been burned to date, and more are expected in the coming months. The Klaytn team looks to initially burn 5.28 billion (approximately 48% of the current total $KLAY supply) tokens as it seeks to keep $KLAY inherently valuable. Verifiability Trustlessness has proven to be a huge sticking point in the blockchain space. Ensuring verifiability in all situations is essential for improving the transparency of all components related to the operation of a blockchain network. In the spirit of promoting transparency and inclusivity in its governance processes, Klaytn intends to conduct frequent evaluations of community sentiment and develop a robust structure to facilitate efficient decision-making. KIP-81 will be integrated into Klaytn's mainnet, enabling users to conveniently view voting agendas, and monitor voting statuses and results live via the Klaytn Square governance portal. The Klaytn team also looks to open up access to its Governance Council, creating a process for teams interested in becoming GC members to apply directly. Collectiveness A robust ecosystem of developers and users is essential to the success of any blockchain network. This community serves as the backbone of the technology, providing the support, innovation, and governance necessary to drive adoption and ensure the security and integrity of the network. Besides enabling seamless onboarding of developers, Klaytn is integrating new measures to encourage active participation and community involvement. With the aim of providing a hassle-free development environment, Klaytn is set to unveil a suite of ecosystem service tools, including a trustless bridge, developer SDKs that seamlessly integrate with multiple services, and a metaverse package. As a public blockchain for all, Klaytn promises to be a community-powered project where users and developers are essential members. With that vision in mind, Klaytnwill hold regular developer meet-ups to provide direct communication and feedback channels with the Klaytn core development team. As it seeks to build on the spirit of collectivism, Klaytn also looks to establish &ldquo;Proof of Hodl&rdquo; communication touchpoints on its governance portal Klaytn Square, providing participants who contribute directly to the Klaytn ecosystem with opportunities to participate in governance and more. Through its meticulously-crafted vision map, Klaytn aims to achieve the trifecta of mass adoption &mdash;sustainability, verifiability, and collectiveness&mdash;taking a giant step towards driving global adoption and rekindling users&rsquo; trust in blockchain projects. 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.