Cream(CRM)

Curve Finance founder Michael Egorov still has debt of $42.7 million across four protocols including Silo, Fraxlend, Inverse and Cream.

Coca-Cola has launched its new exclusive NFT collection on Coinbase’s Layer-2 network during the “Onchain Summer” festival. Coca-Cola’s Masterpiece Campaign On Sunday, August 13, one of the most recognizable consumer brands in the world, Coca-Cola, revealed its new non-fungible tokens (NFT) collection on Coinbase’s Layer-2 blockchain called “Base”. The collection is a part of Coca-Cola's global “Masterpiece” campaign which was partially created by the brand’s AI platform known as “Real Magic”. “‘Masterpiece’ is not a story in which Coke appears… Coke is the story,” commented Pratik Thakar, Global Head of Creative Strategy and Integrated Content for Coca‑Cola. “True to the spirit of the brand—and not unlike the way a synchronized supply chain collaborates to seamlessly deliver ice-cold Coca‑Cola to consumers at just the right time—a diverse collection of artwork spanning multiple genres, geographies and generations comes together to uplift a slumping teenager. Creating human connection and bringing enchantment to everyday moments is what ‘Real Magic’ is all about.” The Masterpiece NFT collection showcases the artwork featured in the brand’s campaign, including Andy Warhol’s iconic 1962 Coca‑Cola painting, classical pieces of timeless artists such as Edvard Munch’s “The Scream” and Johannes Vermeer’s “Girl with a Pearl Earring,”, as well as works of emerging artists such as Aket, Fatma Ramadan, and Vikram Kushwah. Coinbase’s Onchain Summer Coca-Cola’s new NFT collection has been offered for a limited time and presented as a part of the Coinbase’s Onchain Summer event: “@CocaCola is bringing their Global Masterpiece campaign onchain with iconic works from leading artists,” Coinbase announced on X, formerly known as Twitter. Onchain Summer is Coinbase's month-long celebration of its Layer-2 Blochcian Base which became available to the general public on August 9. Each day, the festival offers numerous onchain mints, stories, and activities related to art, culture, music, gaming, and more. Coca-Cola is undoubtedly the most recognizable brand presented on the list of Base’s partners so far. Coca-Cola and NFTs This is not the first time the world-renowned soft drinks brand has ventured into the NFT space. Back in 2021, Coca-Cola auctioned off exclusive NFT collectibles with the aim of raising funds for Special Olympics International. At that time, the first Coca-Cola’s NFT loot box was sold as a single asset for over $575,000. Coca-Cola’s engagement with NFTs is meaningful for the whole cryptocurrency industry. As one of the largest global consumer brands, Coca-Cola could introduce many of its customers to the world of digital art and Web3. Besides, the beverage giant will likely play a big role in promoting Coinbase’s Layer-2 network Base. 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.

Coca-Cola has launched its new exclusive NFT collection on Coinbase’s Layer-2 network during the “Onchain Summer” festival. Coca-Cola’s Masterpiece Campaign On Sunday, August 13, one of the most recognizable consumer brands in the world, Coca-Cola, revealed its new non-fungible tokens (NFT) collection on Coinbase’s Layer-2 blockchain called “Base”. The collection is a part of Coca-Cola's global “Masterpiece” campaign which was partially created by the brand’s AI platform known as “Real Magic”. “‘Masterpiece’ is not a story in which Coke appears… Coke is the story,” commented Pratik Thakar, Global Head of Creative Strategy and Integrated Content for Coca‑Cola. “True to the spirit of the brand—and not unlike the way a synchronized supply chain collaborates to seamlessly deliver ice-cold Coca‑Cola to consumers at just the right time—a diverse collection of artwork spanning multiple genres, geographies and generations comes together to uplift a slumping teenager. Creating human connection and bringing enchantment to everyday moments is what ‘Real Magic’ is all about.” The Masterpiece NFT collection showcases the artwork featured in the brand’s campaign, including Andy Warhol’s iconic 1962 Coca‑Cola painting, classical pieces of timeless artists such as Edvard Munch’s “The Scream” and Johannes Vermeer’s “Girl with a Pearl Earring,”, as well as works of emerging artists such as Aket, Fatma Ramadan, and Vikram Kushwah. Coinbase’s Onchain Summer Coca-Cola’s new NFT collection has been offered for a limited time and presented as a part of the Coinbase’s Onchain Summer event: “@CocaCola is bringing their Global Masterpiece campaign onchain with iconic works from leading artists,” Coinbase announced on X, formerly known as Twitter. Onchain Summer is Coinbase's month-long celebration of its Layer-2 Blochcian Base which became available to the general public on August 9. Each day, the festival offers numerous onchain mints, stories, and activities related to art, culture, music, gaming, and more. Coca-Cola is undoubtedly the most recognizable brand presented on the list of Base’s partners so far. Coca-Cola and NFTs This is not the first time the world-renowned soft drinks brand has ventured into the NFT space. Back in 2021, Coca-Cola auctioned off exclusive NFT collectibles with the aim of raising funds for Special Olympics International. At that time, the first Coca-Cola’s NFT loot box was sold as a single asset for over $575,000. Coca-Cola’s engagement with NFTs is meaningful for the whole cryptocurrency industry. As one of the largest global consumer brands, Coca-Cola could introduce many of its customers to the world of digital art and Web3. Besides, the beverage giant will likely play a big role in promoting Coinbase’s Layer-2 network Base. 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.

Decentralized Finance platforms Curve Finance, Alchemix, and Metronome have announced a joint initiative to recover the stolen funds in the wake of the recent exploits that hit Curve’s pools. The exploit resulted in a loss of around $70 million worth of crypto assets, meaning the bounty offered is around $7 million. A Resolution In Sight? The DeFi platforms impacted by the Curve heist are doing everything they can to recover the stolen funds. According to on-chain data, Curve, Alchemix, and Metronome have offered the hackers a 10% bounty as a reward, urging the hackers to return the remaining 90% of the stolen funds. Curve Finance updated users about their offer to the hackers via X, stressing that they would face no further legal or law enforcement actions if they chose to return the funds. Curve stated in the joint message sent via Etherscan, “The offer comes with a guarantee of no further legal actions or involvement of law enforcement. We want to resolve this in a civilized manner. You will have no risk of us pursuing this further, no risk of law enforcement issues.” Final Warning The three protocols gave the hackers a deadline of 6th August to accept their offer. They added that should the hackers refuse the offer; the protocols would expand the bounty to the public and offer the 10% to anyone who would be able to identify them in a way that leads to their conviction. The stark warning read, “If you choose not to partake in the voluntary return and complete the process by 6th August at 0800 UTC, we will expand the bounty to the public and offer the full 10% to the person who is able to identify you in a way that leads to your conviction in the courts. We will pursue you from all angles with the full extent of the law.” All three protocols have opened a direct line of communication with the hackers through [email protected] and urged the hackers to respond and take the offer to avoid legal action. The protocols also stressed that any individuals responding for negotiations would need to verify their credentials and ownership of their email address on-chain. Curve and the other protocol’s outreach is similar to the strategy adopted by DeFi protocol Euler Finance, which fell victim to a crippling hack earlier in the year. However, the protocol was able to negotiate with the hackers and retrieve the stolen funds successfully. The Curve Hack The Curve exploit saw around $70 million worth of crypto stolen by hackers. This figure included CRV tokens worth around $4.52 million, which led to a significant drop in the price of the token. At the heart of the exploit was a vulnerability in Vyper called a reentrancy bug. This vulnerability allowed hackers to drain several stablecoin pools on Curve, leading to considerable chaos in the DeFi ecosystem. DeFi markets were further spooked after reports emerged that Curve Finance founder Michael Egorov had allegedly taken several loans using around 47% of CRV’s circulating supply. Several DeFi protocols, such as Aave, Abracadabra, and several others, faced major implications following the drop in CRV’s value. This is because the decline put Egorov’s $168 million lending position at risk of liquidation, potentially unleashing a domino effect on DeFi. However, Curve and Egorov found support from prominent names in the crypto and DeFi space, such as Power DeFi user DCF God, Tron Foundation CEO Justin Sun, and Jeffrey Huang, also known as Machi Big Brother. Sun, DCF God, and Huang purchased large quantities of CRV from Egorov, helping reduce the principal value of Egorov’s loan from $63 million to $54 million. Other players who assisted Egorov were Cream Finance, which sent Egorov $1 million worth of USDT and USDC, and Huang, who sent Egorov $1.5 million worth of USDT. 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.

Decentralized Finance platforms Curve Finance, Alchemix, and Metronome have announced a joint initiative to recover the stolen funds in the wake of the recent exploits that hit Curve’s pools. The exploit resulted in a loss of around $70 million worth of crypto assets, meaning the bounty offered is around $7 million. A Resolution In Sight? The DeFi platforms impacted by the Curve heist are doing everything they can to recover the stolen funds. According to on-chain data, Curve, Alchemix, and Metronome have offered the hackers a 10% bounty as a reward, urging the hackers to return the remaining 90% of the stolen funds. Curve Finance updated users about their offer to the hackers via X, stressing that they would face no further legal or law enforcement actions if they chose to return the funds. Curve stated in the joint message sent via Etherscan, “The offer comes with a guarantee of no further legal actions or involvement of law enforcement. We want to resolve this in a civilized manner. You will have no risk of us pursuing this further, no risk of law enforcement issues.” Final Warning The three protocols gave the hackers a deadline of 6th August to accept their offer. They added that should the hackers refuse the offer; the protocols would expand the bounty to the public and offer the 10% to anyone who would be able to identify them in a way that leads to their conviction. The stark warning read, “If you choose not to partake in the voluntary return and complete the process by 6th August at 0800 UTC, we will expand the bounty to the public and offer the full 10% to the person who is able to identify you in a way that leads to your conviction in the courts. We will pursue you from all angles with the full extent of the law.” All three protocols have opened a direct line of communication with the hackers through [email protected] and urged the hackers to respond and take the offer to avoid legal action. The protocols also stressed that any individuals responding for negotiations would need to verify their credentials and ownership of their email address on-chain. Curve and the other protocol’s outreach is similar to the strategy adopted by DeFi protocol Euler Finance, which fell victim to a crippling hack earlier in the year. However, the protocol was able to negotiate with the hackers and retrieve the stolen funds successfully. The Curve Hack The Curve exploit saw around $70 million worth of crypto stolen by hackers. This figure included CRV tokens worth around $4.52 million, which led to a significant drop in the price of the token. At the heart of the exploit was a vulnerability in Vyper called a reentrancy bug. This vulnerability allowed hackers to drain several stablecoin pools on Curve, leading to considerable chaos in the DeFi ecosystem. DeFi markets were further spooked after reports emerged that Curve Finance founder Michael Egorov had allegedly taken several loans using around 47% of CRV’s circulating supply. Several DeFi protocols, such as Aave, Abracadabra, and several others, faced major implications following the drop in CRV’s value. This is because the decline put Egorov’s $168 million lending position at risk of liquidation, potentially unleashing a domino effect on DeFi. However, Curve and Egorov found support from prominent names in the crypto and DeFi space, such as Power DeFi user DCF God, Tron Foundation CEO Justin Sun, and Jeffrey Huang, also known as Machi Big Brother. Sun, DCF God, and Huang purchased large quantities of CRV from Egorov, helping reduce the principal value of Egorov’s loan from $63 million to $54 million. Other players who assisted Egorov were Cream Finance, which sent Egorov $1 million worth of USDT and USDC, and Huang, who sent Egorov $1.5 million worth of USDT. 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.

Curve Finance and CEO Michael Egorov have received support from prominent names in the crypto space, including Justin Sun and DCF God. Curve had suffered a major exploit earlier in the week, leading to the protocol losing nearly $50 million to hackers. Chaos At Curve Finance Curve Finance suffered a major exploit earlier in the week, allowing hackers to siphon off nearly $50 million worth of crypto. This included CRV tokens worth $4.52 million, leading to a significant drop in the token’s price. The exploit resulted from a reentrancy bug in Vyper, the programming language powering parts of the Curve ecosystem. The CRV token saw a decline of nearly 20% following the attack. The markets were further spooked after reports emerged that the founder of Curve Finance, Michael Egorov, had allegedly taken several loans, using nearly 47% of the total circulating supply of CRV. Reentrancy attacks have become relatively common in the DeFi space. In such an exploit, hackers trick smart contracts by making repeated calls to the protocol and stealing user assets. As a result, Upbit has suspended deposits and withdrawals of the CRV token, while other exchanges have warned users to exercise caution when dealing with investments related to CRV. Upbit had tweeted, “Today, certain vulnerabilities have been discovered in some of the stablecoin pools associated with Curve (CRV). As a result, CRV is currently experiencing significant volatility. We advise exercising caution when considering any investments related to CRV. To ensure the safety of digital asset transactions, we have temporarily suspended deposits and withdrawals for CRV.” Curve And Egorov Find Support The plummeting CRV price significantly increased the risk of liquidating the loans Egorov took. However, prominent players from the crypto space have stepped in to assist Curve and Egorov. These include Power DeFi user DCF God, Tron Foundation CEO Justin Sun, and Jeffrey Huang, also known as Machi Big Brother. All have since stepped in and purchased CRV tokens from Egorov. As a result of this help, the principal value of Egorov’s loan dropped from $63 million to $54 million. Tron founder Justin Sun tweeted that he was excited to assist Curve, demonstrating his support for the protocol by acquiring a number of CRV tokens. According to available on-chain data, Sun purchased around 5 million CRV tokens worth around $3 million. The tokens were purchased from a wallet called the Curve.fi Founder, and was completed through an over-the-counter transaction. Sun tweeted, “Excited to assist Curve! As steadfast partners, we remain committed to providing support whenever needed. Our joint efforts will introduce an @stusdt pool on Curve, amplifying user benefits. Together, we aim to empower the community and forge a decentralized finance!” Other players that chipped in to assist Curve were Cream Finance, who sent Egorov $1 million in USDT and USDC stablecoins. Egorov also received $1.5 million worth of USDT from Jeffrey Huang (Machi Big Brother), according to data sourced from PeckShield. Egorov also transferred over 50 million CRV to other entities, including the Web3 investment firm DWF Labs and Power DeFi user DCF God. Going by these numbers, Egorov sold around 50 million CRV tokens at a price of around $0.4 per token, making the transactions worth close to $20 million. Major Implications For DeFi The Curve Finance exploit could have major implications for the larger DeFi ecosystem, with the CRV token’s value suffering a significant decline, putting Egorov’s $168 million lending position at risk of liquidation. If the position were to be liquidated, it could have a domino effect on the larger DeFi ecosystem. Egorov has a $70 million loan on Aave v2, for which he has used CRV as collateral. Additionally, he has also borrowed $17 worth of FRAX, putting $32 million worth of CRV as collateral, along with another $18 million loan from DeFi protocol Abracadabra. Concerns about the concentration of CRV on Aave were flagged by Gauntlet, who recommended freezing the token on Aave. “The amount of CRV concentrated on Aave, relative to the circulating supply of CRV, is already high. Given the limitations of V2 mechanisms, including the possibility of circumventing an LTV of 0, the only way to truly prevent more risk of this position is to prevent borrowing of all assets on V2.” 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.

As retail investors leave crypto in droves, is institutional money coming in to quietly buy the cream of the cryptocurrencies? Sell and perhaps get in lower? Bitcoin is at a critical juncture. A narrative going around social media platforms such as Twitter suggests that with the backdrop of the SEC enforcement actions against Coinbase and Binance, the liquidity and investor interest that would normally propel the next bitcoin bull market just isn’t there. Bitcoin is going sideways and downwards, and certain influencers and analysts believe that the latest rejection from the $31,000 price level is the start of a fairly large pullback that could be in the range of 30% for bitcoin and up to 50% for the altcoins. In this sort of very uncertain environment weak hands are going to sell and even stronger hands might be thinking to do the same thing with a view to improving their position a lot lower down. Fickle retail money vs institutional know-how So we perhaps have the perfect scenario for an institutional take over of cryptocurrencies that have been in the hands of retail investors ever since they came onto the scene. It must be wondered though just how fickle retail is. It is hardly any time at all since Larry Fink, CEO of Blackrock, the largest asset management firm in the world, said on national TV in the US that bitcoin was an “international asset” and “digitised gold”. Obviously, it’s not at all sure that the Blackrock filing for a Spot Bitcoin ETF will be approved, especially given Gensler and the SEC’s extremely negative stance on crypto. Be that as it may, Blackrock isn’t just any company. It is a behemoth, and has untold influence in Washington and across the world. It will surely get the business done at some point. A Washington Post article published on Saturday posits that the “tech-focused investors” have moved on from crypto and are now much more interested in artificial intelligence, and that the once crazy amounts of venture capital that used to be thrown at crypto has “slowed to a trickle”. When this kind of narrative becomes this strong, and the bitcoin halving only 280 days away, it’s a perfect time for big money to slowly start coming into the crypto space. It cannot be argued that crypto will provide the solutions for many issues, especially in finance, and therefore now could be a good time for entry. The narrative is established When Satoshi Nakamoto launched bitcoin in the time of the Great Financial Crisis of 2008, he meant for bitcoin to be bought by the people in order to save them from the next, probably even worse crisis. The average retail investor is scared though. Mainstream media has done its work, and so has the Biden administration, central banks across the world, and regulatory agencies such as the SEC. As this next financial crisis looms larger, retail needs to be brave and hang on in there. The alternative can be so much worse. 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 UK Financial Conduct Authority has taken the big four banks to task because they have set their savings rates too low, to the detriment of customers. A paltry return on savings When the Financial Conduct Authority (FCA) has to publicly shame the big UK banks because their pitiful easy-access savings rates for customers are between 0.7% to 1.35%, then you get an idea of how badly the banks are treating their clients. At a time when the Bank of England has only recently raised the base rate again from 4.5% to 5% there is absolutely no excuse for the banks to continue to give their customers such a paltry return on their cash. HSBC, Natwest, Barclays and Lloyds are the big 4 banks in question here, and according to Reuters, the top brass from these banks have been invited to the FCA on Thursday in order to discuss the issue. Reuters quoted a person familiar with the FCA’s position who said: "We do think there is more value that can be provided to consumers, we are not happy with some of the lower savings rates we see, and we want banks to be supporting customers . . . and people to be able to make informed choices," With UK inflation staying at 8.7% for the second month in a row, consumers are up against it. Food inflation is around 30% and with the average 5-year fixed mortgage rate above 6% the UK economy is starting to scream. In this kind of environment, for the banks to be just looking out for themselves is grossly wrong. These are the banks that are judged as too big to fail, and will get bailed out/in if/when they get to the point of collapse. The question has to be asked: Why would anyone with any extra money put it into a bank? The official inflation rate of 8.5% is well over 10% if you take into account how items included in inflation are manipulated over the years. Therefore, to receive around 1% for savings that are losing around 10% a year does not make the slightest bit of sense. The only way the banks are able to get away with this is because people are just not informed as to how they can best deploy their savings. An alternative On that note, Bitcoin rose more than 100% since the beginning of the year. There is no guarantee that this will continue, and there is a lot of volatility in what is still a very tiny asset class. However, the investor has to make a choice between a fiat currency that will go to zero with 100% certainty, and Bitcoin, which is the scarcest and most secure asset in the world. Anybody who might think to make this choice should educate themselves fully on the matter. 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 Swiss National Bank (SNB) will pilot a wholesale CBDC on the Swiss SIX digital exchange. It was announced by the chairman of the SNB at a conference on Monday that the central bank will pilot a wholesale central bank digital currency (CBDC). Chairman Thomas Jordan, quoted by Reuters, said of the pilot: "This is not just an experiment, it will be real money equivalent to bank reserves and the objective is to test real transactions with market participants," On the subject of retail CBDCs Jordan was more circumspect. He admitted that they implied a risk to the financial system and that their use was “more difficult to control”. "We do not exclude that we will never introduce retail [CBDCs] but nevertheless we are a little bit prudent at the moment," Opinion The chairman of the SNB may say that he is being “a little bit prudent” but behind the scenes, as well as openly, many countries’ central banks are racing to complete their CBDCs in what they would probably perceive as the only way to keep the fiat monetary system going. The Bank of International Settlements (BIS), which is considered the central bank of all the world’s central banks, has urged all countries to speed up their development of CBDCs, stating its concerns over crypto and stablecoins. As fiat currencies become more worthless at an ever-increasing rate, it is likely to be far more difficult for governments and central banks to maintain the narrative that it is right and proper for citizens to keep cash in the bank. CBDC in the UK In the UK, inflation is higher and more persistent than in most other European countries, and with mortgage owners already screaming with the pain of interest rates that have tripled in the last two years, things are going to get a lot worse before they get better. The UK does appear to be taking consumer concerns into account with its own potential CBDC rollout. Privacy is being dealt with by the integration of zero-knowledge proof technology. However, that is not to say that this particular element might be withdrawn once CBDCs are fully implemented. No matter how they may be dressed up, CBDCs will only ever be another manifestation of fiat currency. Every single fiat currency in the history of the world has failed and has gone to zero. Bitcoin is outside of this system, is sound money with a fixed supply and cannot be manipulated or confiscated by any government or agency. It is incumbent on every citizen to educate themselves on this asset. Their future may depend on it. 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.

CryptoDaily™is thrilled to announce the winners of our annual international award for daring Web3 builders and popularizers. Between May 22nd and June 5th, the expert jury reviewed dozens of stars that were shining in the industry throughout the past year, recognizing honorees across 4 categories: Entrepreneurship, Development, Design, and Marketing & PR. Driven by the genuine belief that the community should acknowledge its heroes, we establishedCryptoDaily™ Awards in 2022 to reward the most outstanding talents based on their merits. They all contributed to the Web3 ecosystem in many ways, from significantly improving its infrastructure and user experience to amplifying the Web3 business sector and promoting decentralized applications to the mass population. While the main goal of CryptoDaily™ Awards remained the same, we brought a couple of novelties to the evaluation process. So, before we proceed with disclosing this year’s results, let us first introduce you to the changes made. Panel of Judges To highlight the Web3’s best and brightest minds of 2023, we invited the Fantastic Four team of subject matter judges, each contributing to the long-term trends in their own focus area throughout a year. We have thoughtfully chosen the jury members among 20 candidates for each category, paying special attention to their in-depth knowledge of the industry, multi-faceted activity, and remarkable individual achievements. Some of them have promoted dozens of new millionaire businesses for the Web3 and blockchain era. Others have traversed the severe crypto market turmoil of 2022 with honor, and still others have proved that they were rightly praised by the previousCryptoDaily™ Awards. So let us dive straight into the list without further ado. Entrepreneurship João Fouad, a disruptive entrepreneur specializing in Web3, finance, investments, and the startup ecosystem; an international speaker and entrepreneurial mentor; CEO and founder of Highline Venture Builder. Development Kirill Arutyunov, a professional software engineer and developer with over 10 years of experience in Web3, fintech, and edtech; a seasoned entrepreneur and C-level executive; CTO of Münzen. Design Valery Lebedenko, an internationally acclaimed UX/UI designer for Web3, crypto and blockchainprojects; an expert blogger, columnist, and judge at Web3 hackathons; the 2022 CryptoDaily™ Awards winner. Marketing & PR Mike Ermolaev, a recognized crypto journalist and PR specialist; author of the signature series “Crypto Opinion with Mike Ermolaev” for Benzinga.com; market analyst for Cointelegraph Brazil; founder of Outset PR agency. Honorable Jury’s Member Cal Evans,a Managing Associate of Gresham International - the world’s largest Digital Asset only legal service and law firm; headliner of several large events alongside people such as Gary Vee and Nick Spanos. Renewed Methodology This year, the focus of the award was slightly shifted towards showcasing Web3's famous personalities and rising superstars who stood out with brilliant results and dynamic development. Our jury leveraged their professional outlook to make decisions, following a numerical and quantitative methodology with specific weighting given to: Evidence of leading the development and delivery of cutting-edge Web3 projects; Evidence of engagement with the business to drive Web3 adoption; Evidence of skill set growth and personal accomplishments; Evidence of exceptional leadership and excellence in the field; Evidence of results implemented because of the honoree's work; Demonstrable enthusiasm for and creativity in Web3. All judges had two weeks to carefully evaluate more than 50 most ambitious Web3 innovators in their respective categories. Adhering strongly to the award’s criteria, each jury member finally came up with two winners, presenting them as: Jury’s choice– unrivaled gainers whose individual performance is the most worthy by all criteria; Jury’s runner-up pick– those who were one step away from the Jury’s choice but couldn't outperform the winners. In order to prolong the pleasure, CryptoDaily™ decided not to depart from participation in the assessment of nominees. The judges had final say, but we gave an opportunity to enjoy the celebration to our 4 personal favorites, rewarding them with a very special honorable mention– the prestiges title from CryptoDaily™ editorial board. Winners And now, when all the formalities are met, it’s time to pull back the curtain – we are ready to reveal the official results of the 2023 from CryptoDaily™ editorial board. Entrepreneurship Jury’s choice – Drew Beechler, CEO and founder of Holder Drew Beechlerhas won the Jury’s choice prize due to the launch of Holder, a revolutional CRM and marketing automation platform, in April 2022. The company helps NFT projects and Web3 businesses to align their products with customer needs and engage with their audiences in a more meaningful way. Before starting Holder, Beechler, a career brand and marketing leader with a huge love for decentralized tech, startups, and data-driven marketing, has helped to co-found 30+ B2B SaaS startups in 7 years as the CEO of the High Alpha venture capital firm with over $200 million in AUM. Jury’s runner-up pick – Daniel Rose, CEO and co-founder of Doshi The Jury’s runner-up pick title goes to Daniel Rosewho is a passionate company builder holding leadership roles in strategy and product development, data-driven experimentation, and operations. As the CEO of Doshi, a crypto wallet designed for teenagers, Daniel combines his commercial skills in technology and gamification with a purpose-led mission to establish greater financial confidence for next-gen investors, making learning about Web3 and blockchain easy, engaging, and relevant. Before he started Doshi, Rose was a full-time crypto trader and worked as an innovation consultant for IKEA and King Games. CryptoDaily™ honorable mention – Andrés Soltermann, co-founder of Grizzly.fi We decided to assign our honorable mention to Andrés Soltermann, the long-term crypto enthusiast and the frontman of Grizzly.fi, a sensational startup that aims to create the DeFi 2.0 platform and revolutionize token launches. Soltermann is an early adopter of DeFi, fueled by the desire to make it accessible for everyone. At Grizzly.fi, Andrés is responsible for the innovations and technical developments that brought his project to the list of top hits on Product Hunt. Apart from that, Soltermann contributes to the governance of $DCHF, a decentralized stablecoin pegged to the Swiss Franc and backed by Bitcoin and Ethereum. Development Jury’s choice – Magomed Aliev, chief developer and founder of the Gravixderivatives exchange Magomed Alievwas awarded with the Jury’s choice prize as a Web3 engineer and TVM developer. A graduate of the elite Higher School of Economics specializing in machine learning and data science, Aliev has since become one of the foundational developers of the Venom Bridgeand the Octus Bridge. He made major contributions to all key ecosystem applications in the Venom and Everscale networks, including DEXs, scanners, Venom Stake, portfolio analyzers, and Snipa.finance. Additionally, Magomed developed Locklift, the contract writing framework used to write all Venom applications. Jury’s runner-up pick – Illia Polosukhin, cutting-edge software engineer, co-founder of NEAR Protocol The Jury’s runner-up pick title was given to Illia Polosukhin, the co-founder of NEAR Protocolthat is currently evolving from a L1 blockchain for creating smart contracts to the full-fledged Blockchain Operating System (BOS) for Web3. This revolution is powered by Pagoda, a vertical in the NEAR ecosystem formerly known as Near Inc. With BOS, Polosukhin’s goal is to build an open web world where developers can easily create new experiences, while end users can control their assets, data, content, and power of governance. Illia has also been engaged in sharing his wealth of knowledge as the speaker of numerous Web3 and blockchain conferences. CryptoDaily™honorable mention – Anton Bukov, forward-thinking blockchain developer and engineer, co-founder of 1inch Network The CryptoDaily™ honorable mention goes to Anton Bukovwho elevates the potential of 1inch Network, the platform ensuring the most lucrative, fastest and protected DeFi operations. Due to his efforts, the company recorded a notable growth across its protocols, with the total number of users approaching 2.6 million. For 7 years in blockchain development, Bukov has achieved strong C++ skills, working deep with a network stack of protocols, algorithms, compilers, disassemblers, and profilers. Today Anton is actively exploring DeFi, GameFi, NFTs, P2E, the metaverse, and consensus problem solutions for crypto projects. Design Jury’s choice – Rahul Singh Bhadoriya, a Web3 designer collaborating with multiple trending projects An ex-design project manager at Polygon, Rahul Singh Bhadoriyais this year’s Jury’s choice winner. As a self-taught designer, Rahul also dedicated himself to supporting other self-learning designers by sharing his knowledge at subject matter conferences and showcasing his work on his personal website and social media. Bhadoriya was Polygon’s brand identity and experience designer from May 2022 to February 2023, expanding the attractiveness of the blockchain ecosystem with top-notch UX and UI. Since then, he has been engaged in building several Web3 projects such as Wagmipedia, Notific, Superteam, and Makerdock. Jury’s runner-up pick – Patrick N. Lewis, head of design at Floor Welcome Patrick N. Lewisas the Jury’s runner-up pick honoree. As the lead designer for the ground-breaking Floorapp, his mission is to create a more equitable future for Web3 and make NFTs easy-to-understand. Lewis is also the founding designer of LinksDAO, a Web3-oriented project building the world’s best golf club. Earlier in his career, Patrick acted as the first design hire and second employee at Button where he participated in developing products, design systems, and identity. His portfolio features commerce products for Uber, Amazon, and dozens of the world’s top companies. Crypto Daily’s honorable mention – Rob Svenšek, product designer at Sismo Our next honorable mention is for Rob Svenšek, Web3 product designer from Ljubljana. With his “strategic and pragmatic, yet playful and expressive” approach to design, Svenšek is currently creating functional and aesthetic relevant UX/UI solutions that bring value to Sismo, a breakthrough communication protocol enabling users to aggregate and selectively disclose personal data to applications. Prior to that, Rob was the lead product designer at Niftify, a buzzing no-code NFT store builder for businesses. His works are visually strong, with great emphasis put on usability and character. Marketing & PR Jury’s choice – Serge Baloyan, founder of X10 marketing agency The Jury’s choice fell on Serge Baloyanwho’s standing at the helm of X10 Agency, one of the most reputable and influential crypto and NFT marketing service providers in the industry. He has garnered significant attention over the past year due to catering over 150 projects as a recognized expert in his field. Baloyan's insightful predictions and deep industry knowledge enable him to participate in global conferences as a keynote speaker, popularizing the future of blockchain and demonstrating his commitment to innovation that has already made a lasting impact in the crypto world. Jury’s runner-up pick –Nicola Da Dalto, digital marketing manager at Exclusible Meet Nicola Da Dalto, awarded with the Jury’s runner-up pick title. The Web3 projects Nicola works with have become the latest talk of the town in the NFT and Metaverse sector due to his creative marketing approach. As of today, Da Dalto is responsible for the management and implementation of digital marketing strategies at Exclusible, a one-stop platform and marketing agency that helps both individuals and businesses to successfully navigate the world of digital assets. Nicola is also recognized for his role as CMO and co-founder of Cryptoverse, a Web3 agency that brings brands to the Metaverse. CryptoDaily™ honorable mention – Maria Isabel Félix de Matos, head of marketing on blockchain projects The last but not least honorable mention from CryptoDaily™ goes to Maria Isabel Félix de Matoswho has been the head of community at the WYTLAND gaming & AI studio since December 2022. Thanks to her efforts, the company has built a reputation for being accessible and responsive and has earned the trust and loyalty of its community members. Maria keeps onboarding users to the possibilities of Web3 for the travel industry, while also representing WYTLAND in the metaverse. As a result-driven marketer, she believes in the power of storytelling and defines her biggest value as being empathic. Looking Forward to the 2024 CryptoDaily™ Awards We would like to express a sincere gratitude to our expert judges whose participation has made the 2023 CryptoDaily™ Awards possible. And of course, a heartfelt thank you to all of the talented builders who keep shaping our common future. We believe that each honoree should be incredibly proud of what they’ve accomplished and will continue to demonstrate exciting performance throughout their professional journeys. We can’t wait to celebrate another wave of trailblazers through the next Crypto Daily Awards, from entrepreneurs and developers whose careers in Web3 are resounding success to designers and marketers with outside-the-box thinking. Let’s do it again in 2024 and see who will earn a standing ovation! 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.

Renton, United States, May 25th, 2023, ChainwireStably, a leading Stablecoin-as-a-Service (SCaaS) and fiat on/off-ramp infrastructure provider for Web3 projects, is aiming to revolutionize the nascent Bitcoin ordinals market by launching its US Dollar (USD)-backed stablecoin, Stably USD, as a natively-issued BRC20 token under the symbol #USD. This groundbreaking development marks a critical milestone in the exponentially growing Bitcoin ordinals ecosystem that is now reaching half a billion dollars in total market capitalization in less than six months.#USD is a BRC20 standard stablecoin created via the Bitcoin ordinals protocol which was introduced in January 2023 after the recent Taproot upgrade. BRC20 tokens use a technique called ordinal inscriptions to attach data to individual "satoshis," the smallest unit of a Bitcoin. These satoshis can then represent anything from digital art ownership to “meme coins” and even stablecoins.According to Stably, every #USD token is backed 1-to-1 with USD in a collateral account managed by a US-regulated custodian for the benefit of KYC/AML-verified token holders. Monthly reports for the account are also conducted by a third-party stablecoin attestor to ensure #USD tokens are always fully collateralized with USD."When I met Domo, the creator of the BRC20 standard, at the Bitcoin 2023 conference in Miami, I told him about our upcoming plans for #USD," said Kory Hoang, Stably’s CEO and Co-Founder. “He thought it was great and funny how we are creating a stablecoin on Bitcoin to enable Bitcoin trading on-chain… With a stablecoin built on Bitcoin. I’m still chuckling about it to this day, actually. In just one week after that, however, we made it happen!” The integration of BRC20 #USD into the Bitcoin network is part of Stably’s mission to power the next billion Web3 users with a seamless fiat-to-crypto and stablecoin onramp to all popular and emerging blockchain networks. The company’s upcoming collaborations with prominent ordinals and BRC20 projects, including UniSat–the world’s largest decentralized wallet/marketplace for ordinals–and Ordzaar–Asia’s first decentralized ordinals marketplace project, reflect Stably's aspiration to drive global innovation and adoption toward decentralized finance on the Bitcoin network, or “BitFi.” Additionally, Stably’s engineers are now exploring the new ORC20 standard for Bitcoin ordinals, which could significantly enhance the token properties of #USD once implemented.#USD can be issued/redeemed with Fedwire, SWIFT, USDC, and USDT by KYC-verified users across 200+ countries/regions currently, including up to 44 US states. Stably states that it is employing a manual process of issuance/redemption for #USD’s initial launch but plans to release support for automatic issuance/redemption through Stably Ramp, the company's plug-and-play fiat gateway widget, during Q3 2023. By then, users of #USD will be able to on/off-ramp via more traditional payment methods like ACH, instant ACH, and credit/debit cards, in addition to bank wires.Founded in 2018, the 20+ team member Seattle FinTech is backed by leading institutional and angel investors in the crypto space, such as Morgan Creek Capital, BEENEXT, 500 Startups, Hard Yaka, CREAM Labs, Sunny Lu of VeChain, and Paul Stahura of Donuts, Inc. The company has raised over $7.5-million in total funding to-date, $5-million of which was collected during its last Pre-Series A round in December 2021. Stably has also expanded its fiat on/off-ramp and stablecoin natively to more than ten emerging networks, including Arbitrum, XRP Ledger, Stellar, Tezos, VeChainThor, Harmony, Polymesh, Coreum, ICON, and Chia Network.About StablyStably is a Web3 payment infrastructure provider and FinCEN-registered MSB from Seattle. The company specializes in providing stablecoins and fiat crypto on and off-ramps to users of Web3 applications. Stably’s mission is to power this decade’s next billion Web3 users with regulatory-compliant payment infrastructure across both developed and emerging blockchain ecosystems.Visit stably.io to learn more.Risk Disclaimer: Digital assets involve significant risks, including (but not limited to) market volatility, cybercrime, regulatory changes, and technological challenges. Past performance is not indicative of future results. Digital assets are not insured by any government agency and holding digital assets could result in loss of value and even principal. Bridged or wrapped digital assets (e.g. WBTC) involve additional risks, such as technical challenges, higher fees, security vulnerabilities, and reliance on third-party custodians. Please conduct your own thorough research and understand potential risks before purchasing/holding digital assets. Nothing herein shall be considered legal or financial advice. For more information about the risks and considerations when using our services, please visit: stably.io/terms-of-service.ContactStably Head of MarketingMatthew [email protected]

Gabriel Haines can most likely be found screaming about crypto with his shirt off in public or at home. Why is that and who is he?