333 days ago • cryptodaily
Anoma Foundation Successfully Completes $25 Million Funding Round
Image: Anoma
Blockchain architecture firm, Anoma Foundation announced it has successfully completed its third funding round securing $25 million with an aim to extend its intent-centric technology to blockchain platforms. Announced Wednesday, the fundraising event was led by one of the top Web 3 VC firms CMCC Global. The latest capital round aims to further Anoma’s goal to bring the third generation of blockchains to market and decentralize the financial system, giving power back to the users.
The fundraising also welcomed pledges from other prominent industry players including Electric Capital, Delphi Digital, Dialectic, KR1, Spartan, NGC, MH Ventures, Bixin Ventures, No Limit, Plassa, Perridon Ventures, Anagram, and Factor. Additionally, over 30 angel investors across the blockchain space also participated in the round, embracing Anoma Foundation’s vision.
The Swiss non-profit firm is focused on funding the development of its blockchain architecture to bring fully decentralized systems to Web 2.5 apps including rollups, DEXs and other DApps. With significant backing from investors across the blockchain industry, Anoma will further the development of intent-centric blockchain architecture, bringing to life a “new paradigm for building blockchain infrastructure layers”, the press statement reads.
“Compared to existing architectures such as Ethereum/EVM, it makes dApps an order of magnitude more composable and an order of magnitude easier to build,” said Adrian Brink, Co-founder of Anoma.
Anoma’s intent-centric blockchain architecture allows these “partially decentralized apps” to give power back to their users while promoting the development of novel apps that previously could not be built on existing architectures.
“The team is pushing the boundaries of protocol design and reimagining how base layer infrastructure should operate,” said Charlie Morris, Co-founder and Managing Partner of CMCC Global. “It is refreshing to see Anoma’s designs and philosophy against the backdrop of a homogenous group of layer-1 smart contract platforms.”
Apart from offering a platform to build fully decentralized apps, Anoma’s latest capital raise will also enhance the platform’s scalability, user experience, privacy and interoperability, Tommy Shaughnessy, Founding Partner of Delphi Digital shared in his statement.
“Anoma's intent-centric architecture represents a significant advancement across all fronts of blockchain infrastructure[...],” Shaughnessy added. “We are excited to be part of their journey towards revolutionizing decentralized applications.”
Notwithstanding, the funding will also be used to support ongoing research and development initiatives, and boost adoption rates via easy-to-integrate development tools that enable the development of novel DApps. In addition, the cash will be used to form strategic partnerships and enhance the overall ecosystem development.
“We are super excited to be investing in Anoma,” added Dialectic founder Ryan Zurrer. “Their intent-centricity and inherent focus on low-level privacy promises to unlock novel use-cases, particularly in areas such as next-generation DeFi, and represents a major step forward for the space.”
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.
346 days ago • cryptodaily
New Meme Kings : TOADS and PEPE look to end the dominance of DOGE and SHIB
Crypto markets operate remarkably differently from mainstream financial markets. On the one hand, coins like Bitcoin have serious underpinning in seeking to decentralize the global financial system and whatnot. On the other hand, memecoins operate as literal jokes that utilize internet meme popularity. Well, at least that was the case for the first one to break out, DogeCoin.
Due to Dogecoin's success, many memecoins have emerged with varying degrees of success. DigiToads (TOADS) and Pepe token are new entrants to the scene, fast getting on the radar of crypto enthusiasts. The fact that there are now multiple memecoin options also speaks volumes about the dynamism of this industry.
DigiToads and PEPE Are Dominating
These memecoins are different standard-bearers of this subsector. DigiToads seeks to add utility to the memecoin scene by operating as a play-to-earn (P2E) gaming token. The game revolves around a nature-themed metaverse swamp that is full of adventure. DigiToads has only recently launched its token sale and has already raised over $3.2 million.
A metaverse gaming ecosystem adds more dynamism to the concept of a memecoin. In line with the name, the game is based on toad avatars as they seek to battle for their precious swamp habitat. The project also has NFT collectibles to tap into another popular aspect of crypto gaming. These in-game collectibles increase engagement and can be collected as players navigate the game and nurture their toads.
The Pepe the Frog meme is one of the most famous memes online, especially in right wing circles. It features a picture of a frog that is sometimes skeptical or nonchalant, with different meme inscriptions on the image. Well, there is now a Pepecoin inspired by this famous token, and it is quickly gaining traction in cryptocurrency circles.
DigiToads is keen on building its utility aspect as compared to other memecoins. There is much to work with in the gaming sector, where the blockchain has yet to achieve its potential fully. By combining the hype of a memecoin and the enduring popularity of a quality game, its creators are looking to build a more stable platform.
The fact that these projects, based on funny-looking amphibians, are now some of the most popular memecoins speaks to the dynamism of this sector. Memecoin popularity is based on the notoriety of memes in popular culture. It is noteworthy that DigiToads is trying to implement a virtual metaverse gaming ecosystem over and above its memecoin essence.
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DOGE Rose But TOADS Has More Upsides
Memecoins take inspiration from internet memes and the viral humor they carry. Amid Bitcoin's rise as a scarce transformative asset with solid principles, Dogecoin was more of a parody coin whose creators had little intention of having it as a major cryptocurrency. A decade later, Dogecoin and other meme coins are an established component of the crypto sector, with several coins with a combined market capitalization of hundreds of billions of dollars.
The astronomical rise of Dogecoin came after a seemingly humorous tweet by Elon Musk in 2019 and several times in the next few years. Musk already had tens of millions of followers on Twitter with significant name recognition on Twitter. He would use phrases like 'one word: Doge' or post the Dogecoin logo, a Shiba Inu dog, as an unstoppable sandstorm. Without a doubt, Elon's promotional activity has been a focal point in Dogecoin's popularity.
Crypto enthusiasts carried the joke, and Dogecoin soon became one of the most popular cryptocurrencies out there. The coin appreciated more than 1000% in the middle of a crypto rally of 2020-2021 before tapering off. Shiba Inu coin piggybacked on the popularity of Dogecoin, and the two have since become the notable memecoins of this crypto era. Shiba
Nowadays, a memecoin refers to coins that fall under the broad umbrella of projects with a humorous or fun tinge. Many projects with the memecoin label have serious development teams behind them. DigiToads is an example of this approach by building on what DogeCoin and SHIB achieved but with the advantage of utility. DOGE may still be the biggest stablecoin, but TOADS could have more upside, given its actual use cases.
TOADS: The Upcoming Meme King?
The role of memecoins in the cryptocurrency industry is mixed. Some look at them as a hilarious spin on established crypto names like Bitcoin and Ethereum. For memecoin traders, they represent legitimate investment opportunities. Famous personalities like Elon Musk can instantly change the price of a memecoin with a tweet.
Some memecoins have tried to strike a balance between the two polar ends of crypto development. That's where the likes of TOADS come in. TOADS is a memecoin but provides the utility of a P2E gaming token with a vibrant gaming ecosystem in tow. The beauty of this industry is that it has something for just about everyone.
For more information on DigiToads visit the website, join the presale or join the community for regular updates.
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.
355 days ago • cryptodaily
Navigating the Crypto Industry: Companies to Learn From
There are always fresh problems and possibilities in the crypto market for investors and developers. Many businesses are learning to swim in this increasingly murky industry as they strive to meet the needs of an ever-expanding customer base.
Interestingly, some of these companies have seen widespread adoption and success in the crypto market by facilitating trading, staking, and lending, among other activities. These platforms have succeeded, whereas others have failed by catering to their users' needs with an intuitive interface, lightning-fast transaction processing, and friendly support staff. Notably, successful crypto marketing has been one of the main factors for a project's success, especially when working in sync with the product team.
In the United States, high-income earners are disproportionately represented among crypto investors. Those making $100,000 annually comprise 25 percent of crypto owners but only 15 percent of the general public. This shows how proper crypto investment can skyrocket an investor.
In this piece, we'll look at some of the leading crypto firms that have managed to thrive despite their many challenges. These companies are at the top of their game because they've developed groundbreaking products and services.
Top Companies Uncovered By Our Compass
CoinPayments holds a prominent position as the leading and foremost cryptocurrency payment processor worldwide. With a user base exceeding one million and over 120,000 registered merchants hailing from more than 190 countries, CoinPayments stands out as one of the most widely-used multi-crypto payment platforms accessible on the internet.
Since its inception in 2013, CoinPayments has established a comprehensive crypto payment gateway solution that empowers merchants to accept more than 100 cryptocurrencies and hold over 2,000+ altcoins on a single platform.
Secondly, Contractus is a blockchain-based service that facilitates secure and encrypted one-click processing of contract signatures, cutting costs and accelerating the process. It operates on the highly scalable and rapidly expanding Solana blockchain, making it reliable and efficient. Contractus ensures instant execution of contracts, with no third-party intermediaries involved, and guarantees term fulfillment for all parties at a low fee of just 0.5% per transaction. It encrypts all client contract details and sensitive data, supports payment in various cryptocurrencies, and operates through an easy-to-use mobile application.
With integrated Shamir's Secret Sharing scheme and multi-signature approach, Contractus offers a secure and automated system for contract signing. It also provides third-party validation of contract results, ensuring work payment only after validation. These features make Contractus an efficient, cost-effective, and reliable platform for contract signing and execution, especially for transactions involving considerable sums. Principally, the company has a free-of-charge rate called Holder mode - when a client holds a 10.000 CTUS token and more or pays in Contractus tokens.
Also, at the forefront of Metaverse innovation, ALTAVA Group offers a one-of-a-kind platform that allows leading brands to connect their offline and online experiences via blockchain technology. ALTAVA's NFT prowess is on full display with its BAGC Collection, a golf-themed offshoot of the Bored Ape Yacht Club (BAYC), licensed from Elite Apes, The Sandbox, and Animoca Brands. The platform also operates the Second Skin NFT Collection, which is expertly integrated with WOY, the company's proprietary Metaverse, available on both the App Store and Play Store.
ALTAVA's got some big names backing it, like Hyundai, LG, Spartan, and Animoca Brands. Notably, the platform has seen over 300% year-over-year revenue growth. Despite that, TAVA's token price is way too low compared to its accomplishments. This year's expected to bridge all gaps for TAVA and ALTAVA as more people catch on to what this project is all about.
In addition to the list, Lossless is at the forefront of providing Web3 security solutions to high-level projects. The team of cybersecurity experts, blockchain engineers, finance professionals, and white-hat hackers invest heavily in research and development to develop innovative and novel security measures. With its groundbreaking solutions, Lossless mitigates any financial losses caused by exploitation or malicious cyber activity. Currently, the team is launching another exceptional solution to a broader audience.
Would you like to say hello to Aegis from Lossless? The All-Seeing Eye? It is a go-to tool for vigilantly monitoring contracts and wallets. Its mission is simple but incredibly effective: to help detect suspicious activity and alert on any unexpected changes in TVL, malicious smart contracts deployed, flash loans, and many other potentially harmful events as soon as possible. Whether a user is a retail user or a web3 company, Aegis provides an excellent way to track and monitor malicious action patterns and gives the necessary time and opportunity to take action if an attack occurs.
It’s worth mentioning that OneLedger is a blockchain platform that gives organizations a more straightforward approach to embracing blockchain technology. The company overcomes the scalability, security, and high transaction price challenges. Its interoperability function supports Ethereum, Bitcoin, BSC, Polkadot, and Matic. OneLedger's scalability feature allows 4,000 transactions per second compared to Ethereum's 4 transactions per second, making it ideal for high-volume transactions. Additionally, OneLedger offers low transaction fees, making it affordable for businesses to implement blockchain solutions.
The platform's developer-friendly tools make it simple for developers to create blockchain apps fast and effectively. Its SDK and OLVM let developers design blockchain apps. OneLedger's testnet, Frankenstein, and mainnet, Kratos, are also available via Google Cloud Marketplace and Opensea, which makes it simpler for developers to test and deploy their apps. With OneLedger, companies can profit from the promise of blockchain technology without worrying about scalability, security, and expensive transaction costs.
Wrapping up, Eldora is the premier financial center in the metaverse, revolutionizing the growth of business alliances and investment groups. Their goal is to give users more agency by giving them early access to curated financial information about cryptocurrencies, DeFi, trading, and related industries. Eldora is a game-changer for corporations and the ultra-wealthy alike; it's more than simply a decentralized package of services. With the platform, users can access various blockchain-based, decentralized services that protect privacy and make financial dealings completely transparent. The Eldora NFT grants membership into their gated community and use of its features.
Furthermore, users may launch their own company, solicit funding from friends and family, and publicize lucrative prospects for investment simply by connecting their property to Defi Services and the financial system. Eldora equips one with everything you need to navigate the dynamic financial markets of the metaverse. Join Eldora now before you lose out on this game-changing chance!
Thriving in the Cryptocurrency Market: Strategies for Success
Many companies have succeeded in the crypto challenging environment and established themselves as market leaders. These companies have achieved great success by focusing on what their clients want and working hard to meet those needs in novel ways.
Their dedication to improving the customer's overall experience is a driving force in their success. The complex nature of the crypto sector may put off new users. Still, businesses that have created user-friendly interfaces and provide excellent assistance have seen increased client acquisition.
The potential to create game-changing goods and services is another differentiating characteristic for thriving crypto businesses. This calls for in-depth familiarity with the industry and user requirements. Businesses that can anticipate the emergence of new trends and quickly respond with appropriate responses will be able to maintain a competitive edge.
Notably, the disproportionate number of high-income earners among investors is an intriguing trend in the cryptocurrency business. This indicates that there is an excellent chance for firms to capitalize on this market by catering to its specific requirements.
There is a lot of potential for experimentation and development in the cryptocurrency market since the sector as a whole is still in its infancy. Successful companies of the future will be those who master this challenging environment and provide novel answers to its many challenges.
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.
360 days ago • cryptodaily
Is Aptos (APT) On The Cusp Of A Price Breakout? Experts Are Sticking To this Crypto Project Instead
Despite Aptos (APT) experiencing a 12.84% price drop in the last week following the Node v1.2.4 release, experts are shifting their focus towards a new, innovative crowdlending platform. It has made headlines as the first blockchain platform for peer-2-peer Lending tapping into the trillion-dollar lending market. In comparison to Aptos (APT), Collateral Network is set for greatness, as Web3 meets asset-backed lending.
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Analysts Expect Massive Returns From Collateral Network (COLT)
The Collateral Network (COLT) token (COLT) will serve as the ecosystem's backbone, giving its holders access to the network's main features, including voting, staking incentives, exclusive VIP clubs, and auctions for foreclosed assets.
With the big 40% deposit bonus available right now, you can get some Collateral Network (COLT) for only $0.014.
As the presale progresses, analysts expect the price to rally to $0.35, yielding a massive 35x return. Regarding the next-gen of DeFi financing, the name to know is Collateral Network (COLT).
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.
2392 days ago • cryptodaily
Singapore To Regulate Bitcoin Payments
Singapore is working closely to regulate any Bitcoin payments. The minister for the nation’s central banking authority; the Monetary Authority of Singapore (MAS), is working closely to create a regulatory framework for all Bitcoin payments.
Despite Tharman Shanmugaratnam confirmed that the Monetary Authority of Singapore has been monitoring cryptocurrencies; it has no intention of actually regulating them, although certain peripheral activities will require a legal framework. However, they are now working to create a regulatory framework for cryptocurrency payment services, as a way to ensure that these are not misused for money laundering and terrorism financing. He went on to explain in a statement;
“Virtual currencies can go beyond being a means of payment, and evolve into ‘second generation’ tokens representing benefits such as ownership in assets, like a share or bond certificate. These are financial activities that falls under MAS’ regulatory ambit”.
Despite the fact that trading cryptocurrencies are very popular in the US, Japan and Hong Kong, the trading volume is actually fairly low in Singapore, which makes it easier to regulate the Bitcoin payments. Just like the trading volume, in other countries, many retailers are starting to accept Bitcoin; however, there are only about twenty different retailers in Singapore that accept Bitcoin. This research, according to the central banking authority, again, makes it easier for Singapore authorities to keep track, and regulate all of the Bitcoin payments.
A couple of months ago, back in August, the MAS announced that Bitcoin tokens might be classified as securities, and the financial regulator has gone on to further back this up, issuing statements warning investors of potential fraudulent ICO schemes. To show just how much they are cracking down on Bitcoin payments, just last month, the bank accounts of many Bitcoin businesses, which were based in Singapore actually had their bank accounts closed with warning, or an explanation. The MAS, although backed up this decision, did take the time to say that as the closure represented a commercial decision that was taken by banks, it would not interfere with the process.
2392 days ago • cryptodaily
Singapore To Regulate Bitcoin Payments
Singapore is working closely to regulate any Bitcoin payments. The minister for the nation’s central banking authority; the Monetary Authority of Singapore (MAS), is working closely to create a regulatory framework for all Bitcoin payments.
Despite Tharman Shanmugaratnam confirmed that the Monetary Authority of Singapore has been monitoring cryptocurrencies; it has no intention of actually regulating them, although certain peripheral activities will require a legal framework. However, they are now working to create a regulatory framework for cryptocurrency payment services, as a way to ensure that these are not misused for money laundering and terrorism financing. He went on to explain in a statement;
“Virtual currencies can go beyond being a means of payment, and evolve into ‘second generation’ tokens representing benefits such as ownership in assets, like a share or bond certificate. These are financial activities that falls under MAS’ regulatory ambit”.
Despite the fact that trading cryptocurrencies are very popular in the US, Japan and Hong Kong, the trading volume is actually fairly low in Singapore, which makes it easier to regulate the Bitcoin payments. Just like the trading volume, in other countries, many retailers are starting to accept Bitcoin; however, there are only about twenty different retailers in Singapore that accept Bitcoin. This research, according to the central banking authority, again, makes it easier for Singapore authorities to keep track, and regulate all of the Bitcoin payments.
A couple of months ago, back in August, the MAS announced that Bitcoin tokens might be classified as securities, and the financial regulator has gone on to further back this up, issuing statements warning investors of potential fraudulent ICO schemes. To show just how much they are cracking down on Bitcoin payments, just last month, the bank accounts of many Bitcoin businesses, which were based in Singapore actually had their bank accounts closed with warning, or an explanation. The MAS, although backed up this decision, did take the time to say that as the closure represented a commercial decision that was taken by banks, it would not interfere with the process.