Chronoly.io Price Remains Strong, Helium (HNT), Chainlink (LINK) Prices Drop
With the global crypto market starting to recover from its constant crashes, investors can start to breathe fresh air after losing so much during the crypto wind.
Chronoly.io, Helium (HNT), and Chainlink (LINK) are three tokens with great potential that can create a balance in your crypto holdings. While Chronoly.io remained strong with a 560% gain in the last few weeks, the duo of Helium (HNT), and Chainlink (LINK) struggled to bounce back recently.
Read on to find out how the three tokens are faring in the market!
Chronoly.io soothes investor nerves
Chronoly.io (CRNO) could not be more different from Helium (HNT) and Chainlink (LINK) in terms of their market performance in recent weeks. Chronoly (CRNO) has successfully piqued investors' interest following a 560% increase in its presale, which opened in early May 2022. The reason for the price appreciation may not be unconnected to the fact that Chronoly.io offers investors real-world value and it comes with revolutionary features.
CRNO, the project's native token, powers the world’s first blockchain-based fractional watch investment marketplace. Chronoly.io (CRNO) bridges the wide gap that appears between the real world and the virtual world of NFTs by tokenizing physical luxury watches. These watches are co-owned and authenticated on the blockchain. Users can trade small fractions of watches (just like stocks), borrow against their NFTs, and earn a passive income by staking their (CRNO) tokens.
The developmental team plans to partner with video games developers and various Metaverses so that users can showcase their watches in the digital world. Analysts remain bullish on the token with the price expected to reach $0.5 in the next couple of months. While Chronoly (CRNO) is still in presale, its roadmap shows that the team has lined up so many activities for its phase three. Some of the activities for phase three, include expanding influencer outreach, building strategic partnerships, and launching a lending protocol. Other activities are launching an NFT marketplace and a private members club, where users will enjoy a wide range of benefits.
Connecting with Helium (HNT)
The crypto wind might have done a lot of harm to so many crypto projects, and Helium (HNT) is not an exception. Despite announcing the release of two cryptocurrencies, the price point of Helium (HNT) plummeted nearly 4.1% in the last 24 hours. The company recently announced the release of MOBILE and IOT, which will launch in August. The launch of the tokens will further incentivize node operators so that they can contribute their coverage to Helium's network. HNT, the native token of the Helium blockchain, has a lot of use cases, including for the payment of goods and services on the Helium network.
According to the project's whitepaper, the company plans to turn Helium into a reserve currency, an initiative that will help the team to better focus on the two new cryptocurrencies once they hit the market. Experts believe that the rise and fall of the three tokens (HNT, IOT, and MOBILE) will largely depend on the success of Helium.
Launched in 2019 by an experienced team, Helium is a decentralized wireless Internet-of-things (IoT) network. The HNT token was created using the popular burn-and-mint equilibrium (BME) model. The project operates on a proof-of-coverage (PoC) consensus algorithm. You can mine Helium (HNT) via wireless devices with radio waves. At press time, Helium (HNT) trades for $9.32 USD with a 24-hour trading volume of $16,403,593 USD. If the downward trend continues, HNT might further nosedive to $8.56,$7.41 or $6.74. But if the trend reverses, then expect the price point to reach between $12.14,$16.72 and $21.49.
Chainlink (LINK) Forms 300 Million LINK Support Level
Chainlink also faced a sharp drop in its price point in recent weeks. On-chain data suggest that investors and traders alike might further dump the token, which can cause significant support for LINK, the project's native token at around $6.70. Chainlink's transaction history also suggests that one of the reasons for the price depreciation is the formation of over 7,000 addresses to grab the already existing 300 million LINK.
Chainlink (LINK) is both a crypto and technology platform that offers a service for non-blockchain actors to easily and securely connect with any blockchain platform of their choice. It's like a middleman that connects non-blockchain enterprises with external data like stock prices or baseball scores. Chainlink arrived on the crypto scene in 2017 amid a crowded field of projects. Since inception, the team has continued to deliver on its promises, including to expand the network beyond Ethereum (ETH). According to the project's whitepaper, the Chainlink team plans to collaborate with all blockchain-based contract networks.
At press time, Chainlink (LINK) trades $7.68 USD with a 24-hour trading volume of $722,352,199 USD.
For more information about Chronoly.io Presale
Website: https://chronoly.io/
Presale: https://presale.chronoly.io/register
Twitter: https://twitter.com/Chronolyio
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.
Why the Gaming Economy Should be Decentralized through NFT Technology
The gaming market has gained significant momentum within the past two years as the covid pandemic forced the world to stay indoors. According to projections by Fortune Business Insights, this industry is expected to grow at a CAGR of 13.2% to hit $545.98 billion by 2028. While this upward trajectory has added value to the larger gaming sector, not everyone has benefited from the capital inflow.
Leading game publishers such as Microsoft, Tencent, Sony and Roblox are now worth billions of dollars, thanks to the booming market. Meanwhile, most of the loyal gamers have made little to nothing from these favourable conditions; in fact, the cost of acquiring in-game items on gaming ecosystems like Fortnite and Call of Duty (CoD) has gone up due to the growing demand. Is this fair to the average gamer who has committed both funds and precious time?
The Flaw in Traditional Gaming Economies
By design, the traditional gaming economy is built on centralized infrastructures, a few players control the space while the rest of the stakeholders take home a mere ‘experience’. While this model has been the fundamental pillar of the gaming industry for the past five decades, it is about time that gamers questioned how they can also generate monetary value from their gaming activities.
Today, it is quite expensive to purchase a rare skin on Fortnite; however, this value can hardly be converted back to fiat money. On the contrary, gamers have to buy upgraded in-game products with every new release. A model that has proven to be quite lucrative for the centralized gaming publishers, leaving gamers with the burden of fully funding the traditional gaming industry.
Additionally, the existing gaming space limits users to one particular ecosystem (in-game items only have value within a specific game). For instance, a Fortnite skin is not compatible with the Call of Duty (CoD) gaming environment. Should this really be the case, given that gamers spend a dime to acquire these in-game items? Well, there is a new technology that is offering a way out; Non-fungible tokens (NFTs).
Built on blockchain technology, NFTs are indistinguishable (unique) assets that can be used to record in-game items on decentralized economies. Simply put, NFTs introduce an avenue for gamers to trade their digital collectibles or access other Decentralized Finance (DeFi) products to generate a passive income while gaming.
NFTs and the Future of Gaming
Last year, the NFT market recorded over $23 billion in sales, featuring as one of the most burgeoning niches in crypto. More interestingly, NFT-oriented games accounted for close to half of the total DApp activity. Looking at these developments, it is becoming more evident why traditional gaming publishers are also caving into the pressure. Both Ubisoft and Microsoft have previously signaled an intention to invest in the NFT and metaverse gaming space.
So, how exactly do NFTs change the dynamics of the gaming ecosystem? As mentioned earlier, the decentralized nature of these on-chain assets is a primary factor in building ownership structures for in-game items. With NFTs, gamers have the ability to own and trade in-game items for external value. This model effectively eliminates the dominance of centralized gaming publishers, giving power back to the users/community.
For example, it is now possible for a gamer to purchase an IP-patented digital firearm from the Digital Arms NFT marketplace. Unlike the centralized markets featured on traditional games, this NFT store allows users to monetize their digital collectibles by swapping them for other assets, including the native HNTR token. Digital Arms also recently partnered with Farcana, enabling its users to access the play-to-earn BTC shooter game.
“The gun niche is definitely underexplored in NFTs and we are banking on both collectors and shooter players to make use of the NFTs.” noted Digital Arms CEO Chris Watkins.
Besides MMORPG games, there is an ongoing evolution of the VR gaming space; NFTs are being used to design avatars that exist on the metaverse. Dubbed the Web 3.0 economy, this relatively new gaming ecosystem is not attracting crypto natives but long-standing tech titans such as Meta and Microsoft. The latter has already expressed interest in acquiring Activision Blizzard to advance its metaverse development.
Conclusion
As we can see, the gaming market structure is bound to change in the coming years. This paradigm shift will mark the beginning of a new gaming economy, one that is controlled by the community instead of centralized third parties. That said, the success of tomorrow’s gaming market will undoubtedly depend on the value proposition of NFTs and the willingness of centralized gaming publishers to adopt the latest trends.
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
Three cryptocurrencies you should keep your eyes on: Helium (HNT), Polkadot (DOT) and Chronoly.io (CRNO)
Do you already use cryptocurrency? Or are you thinking about investing? There are many things that you should be aware of before investing in one of the most volatile markets in the world. Unfortunately, investors have difficulty predicting the market and choosing the right tokens to invest in.
In either case, here are three cryptocurrencies that you may want to consider adding to your portfolio, Helium (HNT), Polkadot (DOT), and Chronoly.io which is currently in pre-sale.
Chronoly (CRNO) token is definitely one to watch.
Chronoly.io is a cross-chain NFT marketplace that enables users to trade fractional portions of NFTs backed by real luxury watches from well-known brands like Rolex, Cartier, Patek Phillippe, etc. The Chronoly.io project also plans to integrate with the metaverse and other Web3 applications enabling users to showcase their collections digitally..
Chronoly solves a big problem in the watch market, which is ownership and authenticity. With the help of blockchain technology, all of the watch’s ownership and history will be stored in the metadata of NFTs. The NFTs will be fractionalized, which means investors will be able to buy a tiny part of a luxury watch for as little as $10. Meanwhile, the luxury timepieces will be stored in a security vault. Once an investor owns 100% of the watch’s NFTs he will be able to redeem the physical watch from the vault at anytime.
This marketplace is powered by their native token (CRNO), which is currently in pre-sale phase 2 and is already up 560%. Analysts expect the Chronoly.io project to receive a flurry of investors from other crypto communities like Polkadot and Helium.
The current price of 1 Chronoly CRNO token is $0.066 and 225 million tokens have been sold during the presale, some analysts forecast that the price could reach as high as $0.50 before presale window closes which would make millions for the investors who get early.
Find out more here about Chronoly.io Presale:
Website: https://chronoly.io/Telegram: https://t.me/ChronolyioTwitter: https://twitter.com/Chronolyio
Helium (HNT) rising like a balloon?
Disruptive changes in the bitcoin market outnumber those in traditional currencies. On the other side, Helium (HNT) coin may benefit from this upending trend. Since it was first listed on cryptocurrency exchanges, its value has risen gradually, with no price fluctuations or drops.
It hasn't taken a tremendous upward curve for the bulls, and it hasn't crashed downhill for the bears. The roaring traction of Helium (HNT) coin continued to entice investors and enhance their expectations of investment. Helium is expected to get a lot of attention now that digital media has taken over the world's economy. The future of the HNT token seems bright, as the road ahead is marked with a red carpet sign:
Helium (HNT) is expected to continue its upward trend in the future year, i.e. 2022, according to forecasts. For now, Helium is trading in a symmetrical triangle pattern on an hourly chart, and it is apparent that it will continue to follow the same positive trend lines that touched $25-$30 on the hourly chart.
Spotting an opportunity: Polkadot (DOT)
By the first half of 2022, Polkadot (DOT) will have developed its own blockchain platform and will be listed on the major cryptocurrency exchanges around the world. By the end of 2022, Polkadot (DOT) will have reached a price of $25 and $38 respectively. The ecosystem could have developed tremendously, especially in terms of alliances, by the end of the year.
Predicted Polkadot (DOT) price rises to $20 in the first quarter of 2022, then rises to $24 in the second quarter, and $27 by the end of that year, according to experts. Our technical forecast for the entire year suggests that things could turn out well.
Disclaimer: This is a sponsored pressrelease, andis 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.
Mehracki (MKI) and Waves (WAVES): These 2 Coins May Provide Shelter Against the Cryptocurrency Price Plunge
As anyone interested in the cryptocurrency market has heard, the coin markets have been experiencing depreciation and contraction for a while. This issue, which is covered every day in the cryptocurrency news, causes new buyers to be involved in the market to worry.
Experts state that there is no harm in being included in the market after receiving crypto education and having sufficient knowledge in this field. Likewise, it is emphasised that buying windows should be evaluated instead of panicking in this period.
Mehracki (MKI) – A Safe Opportunity in the Crypto Winter
Reddit crypto communities draw attention to projects in the presale process during this period. Traders emphasise that these projects are not affected by market conditions, so they may be safer choices in the long and medium-term. In particular, those who want to trade without taking risks show great interest in projects such as Mehracki (MKI), which carries out successful presale processes.
Mehracki (MKI) is a project that has been on the agenda for a long time. This ecosystem, which has wide community support, aims to be included in the market as a meme coin. While doing this, MKI will provide various advantages to users simultaneously.
The Mehracki (MKI) NFT collection is supported by real-world collaborations. NFT holders can obtain privileges in different businesses. In this way, it is predicted that the ecosystem will be much more helpful and valuable. The project also has a unique roadmap for brand awareness. The promotional activities to be carried out based on social media aim to cooperate with famous people and set up airdrops.
Waves (WAVES) – The Old Wolf of the Market
Described as one of the leading altcoins in the market, the popularity of Waves (WAVES) increased over time, and its maximum supply was removed in 2019. Waves coin is often used for standard payments such as block rewards. The block rewards are currently known as 6 WAVES tokens. Votes are held on whether to reduce these distributed rewards by 0.5 WAVES every 110 thousand blocks.
The foundations of the Waves (WAVES) platform were first laid in 2016. Ukrainian scientist Alexander Ivanov is behind the project. Before Waves, Ivanov had several ventures in the crypto industry. The founding name was engraved in the memories with the cryptocurrency platform called Coinomat, which is currently out of use. In addition, he developed the indexing platform named Cooleindex. Today, he manages one of the oldest digital asset projects, Waves (WAVES). It is stated that the platform has more than 200 personnel.
Zilliqa (ZIL): Surviving the Crypto Crash
At the heart of the Zilliqa (ZIL) project is the pBFTmanagement mechanism, which keeps the distributed computer network in harmony with each other. Nodes assigned to some parts using pBFT negotiate the transaction before the micro block is terminated. Each node that executes the transaction is rewarded with a portion of the block reward for validating the transaction.
Zilliqa (ZIL) has a 21 billion token supply and 14 billion of this is in circulation. Zilliqa (ZIL), in 83rd place in the market ranking at the time of writing, has 144 million dollars of transactions daily. The market value of the project is more than 500 million dollars. ZIL, which has lost 85% of its value since its last peak, is currently trading at $0.03.
Although the cryptocurrency market is experiencing a significant price plunge, this does not mean that all digital currencies are losing value. In fact, Mehracki (MKI) and Waves (WAVES) remain excellent options for those looking to maintain their portfolio value during these turbulent times. Despite the current crypto crash, buying in MKI can be a good idea – just make sure to do your research before making any purchase.
Presale: presale.mehracki.io/register
Website: mehracki.io
Telegram: https://t.me/Mehracki_Official
Read more: Helium (HNT) and Mehracki Token (MKI) — Next Cryptocurrencies to Boom in 2022 After the Bear Market
Disclaimer: This is a sponsored pressrelease, andis 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.
Attention FPS Gamers: You Can Soon Own and Move Your Kit to Different Games
Players can spend days, weeks, or even months of in-game time grinding for a skin within a traditional FPS. Now, that time investment can be worth it, few things compare to getting that 0.01% drop chance, or the best skin for your favorite rifle. However, what doesn’t sit quite as well with most people is what can happen afterwards.
Over 1.74% of all Steam accounts are banned with no recourse or way of getting the account back. This means over 1 million people had all of their in-game purchases and items effectively stolen from them by Steam alone.
This is because, at the end of the day, players don’t own their accounts. They don’t own the skins or guns they have in-game. However, there is a new branch of gaming aiming to provide the player not just with ownership, but with the right to sell or trade the skins and items with other players if they see fit.
Today, we’ll be looking over this issue, as well as Digital Arms- a company that uses the blockchain to make this right.
Why The Current Model of FPS Gaming Is Unfair
Have you ever wondered what happens to in-game assets in case an account gets banned? It’s quite simple- they disappear. Regardless of how much time or money was stolen from the player by the company, they get no compensation. This is because gamers don’t actually own any in-game accessories. Legally speaking, they’re only licensed to you and can be revoked at any time.
Imagine if your car could get taken away simply because the car manufacturer or seller didn’t like the particular way you drive it? Similarly, have you ever wondered why you can’t take your guns, accesories, or other in-game pieces and transfer them to a similar game?
While most companies will talk about this being a difficult thing to implement technically, in reality, it’s because they want to profit off of players having to pay for the same thing in multiple games.
This is simply unfair, especially for franchises like CoD or Battlefield, that put out a game every year or two. Imagine if you were able to not only own your skins so they can’t be taken away, but also transfer your accessories from game to game seamlessly?
Oftentimes, this can even be true of the same game on different platforms or accounts. You want to transfer your account from one server to another? Many games would force you to give up parts of your account in the process of moving, if they even allowed that at all.
introducing…
How Digital Arms Revolutionizes The FPS Industry
If you’ve ever wanted to own a completely unique gun that is provably yours in a game- Digital Arms will let you do that. This NFT and gamification project has the exclusive IP rights to some of the world’s biggest firearm brands.
So, what does this platform bring that is so revolutionary for gaming? The answer is twofold.
Firstly, you will finally be able to own your guns, skins, and accessories. Each one of the accessories sold by Digital Arms is an NFT. This means that once you buy one from their NFT marketplace, they’re unique, and provably yours. No matter what happens to Digital Arms, your account on a gaming website, or even the games you play themselves, the assets you bought will forever remain yours.
Second, Digital Arms allows you to take your assets, and use them in other games. Imagine if you could use skins and guns you got in one game to play another- that’s what they offer. Furthermore, they’ve recently jumped into the Metaverse space as well, partnering with AFKDAO.
One of Digital Arms’ biggest selling points is that they have exclusive IP rights to creating NFTs of certain guns. The team behind the platform are all gun lovers, and it shows. Each gun is beautifully rendered, unique, and licensed.
Finally, Digital Arms with its $HNTR token allows you for a variety of different ways to make money through investments. Whether this be by seeling off a rare skin on their marketplace, or by staking the tokens themselves.
Being able to use the same kit in multiple games makes investing in each gun or skin much safer, as even if you get bored of a game, or the game dies, you can simply take your gear and use it in another one.
Closing Words
The gaming world has been more and more predatorial, trying to steal player’s valuable time and money. Today, we have means of ensuring that you actually own your in-game assets, and that they cannot be taken away.
One such platform is Digital Arms- a first of its kind, IP licensed creator and marketplace of NFT guns and in-game accessories. Digital arms allows players to move their kit from one game to another, in addition to presenting excellent investment opportunities.
All in all, we expect companies like Digital Arms to keep popping up, pioneering the idea that gamers everywhere should be able to own their assets.
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
10 Crypto Projects with Real-World Utility
A report from Investopedia estimates that more than half of the cryptocurrencies on the market today have no utility—meaning no product or service behind the token to create value beyond speculation. Similar to what the internet experienced in its own nascency, blockchain’s virtually endless use-cases have created an investment ecosystem ripe for oversaturation.
Of the top 100 cryptocurrencies by market capitalization, just 36 offered a product or service that was market-ready according to the Investopedia study. With hundreds of new cryptocurrency tokens, Non-Fungible Tokens (NFTs) and Decentralized Autonomous Organizations (DAOs) popping up regularly, differentiating the real players from the hype is becoming increasingly difficult.
Why is real-world utility important?
Just like the early stages of the internet, the projects that worked to bring valuable, real change to the world outlasted the projects that were looking to make some quick cash off of the media buzz. Companies like Amazon, eBay and Microsoft brought groundbreaking change to the world with a product that used the technology behind the internet as a foundation for something bigger. Thousands of websites went away after the dotcom bubble burst in 2001, but several have continued to grow and to this day are among the largest companies in history.
Today a similar phenomenon is happening with blockchain. Projects working to bring forth a real product are likely to outlast those that rely purely on market speculation. From real-world services like supply chain management, telecom and advertising to digital products and services such as NFT marketplaces, metaverse games and scaling solutions for blockchain networks—utility will once again prove to outlast speculative investing. Here are ten projects in blockchain and Web3 that already offer utility:
VeChain (VET)
VeChain offers an enterprise blockchain solution for companies to track and manage supply chain logistics. The network uses a mechanism called disturbed ledger technology to allow companies to streamline their supply chain management and enable even the most complex supply chains to flow seamlessly. VeChain also aims to improve global supply chain transparency to encourage ethical business practices, and the network is also used to store information on ocean cleanup projects, improving the process and streamlining communication.
For consumers, VeChain also offers retail solutions to help purchasers track the authenticity of a product instantaneously. This service uses RFID and blockchain technology to allow the manufacturers of high value retail products such as luxury handbags and designer goods to provide a transparent authentication solution. This solution will allow retailers and secondhand retailers to authenticate products using blockchain, preventing the sale of fraudulent items in the retail market.
3air
3air is working to do what many before have tried and failed at—connect Africa to high-speed and widely available broadband internet. The company uses a technology called K3 Last Mile to deliver high speed internet and telephony through the air. Stations deployed throughout the continent will provide a 50 kilometer connectivity radius, as well as providing access to 150 television stations and IP telephony.
The other part of the 3air project aims to provide decentralized and affordable banking and DeFi access to users across Africa. The goal is to bring Africa into the forefront of the digital economy through 3air’s blockchain-based platform that offers multiple revenue streams, decentralized identity management, NFT ownership and more. 3air’s DeFi banking solutions will allow people throughout Africa to easily access goods, services and opportunities within a new digital landscape.
Polkadot (DOT)
Polkadot is a layer–0 blockchain scaling solution and interoperability platform that allows blockchain networks to easily interact with one another without altering their functionality at the Layer-1 level. Polkadot uses a mechanism called parachains to run parallel blockchain networks next to Layer-1 networks like Ethereum and Solana. Those parachain networks then communicate with another network called the Relay chain, which can then distribute information to other parachains back and forth.
Other interoperability solutions are built on top of different Layer-1 networks and may require additional development from dApp developers in order to be able to operate. Polkadot allows for seamless integration with other blockhain networks, and offers additional services to developers looking to deploy test projects without paying high transaction fees on various Layer-1’s.
Axie Infinity (AXS)
Axie Infinity is an Ethereum-based gaming platform that uses NFTs as gaming characters in a play-to-earn game. Players can mint and collect NFTs which represent animal characters in the game called Axies, which can be used to play games, battle other players, or bred and sold as NFTs at a profit. In the game, players earn the platform’s native ERC-20 token called AXS, which can then be swapped for other cryptocurrencies or even fiat currency.
It isn’t unheard of for Axie Infinity players to earn a small income from playing the game. In the Philippines, many players are able to earn a living just by playing the game on a daily basis. Dozens of other play-to-earn games have popped up in recent months, though Axie Infinity remains one of the more popular.
Ape Coin (APECOIN)
When the Bored Ape Yacht Club NFT project skyrocketed in value over the summer of 2021, most people questioned the validity of NFT valuations. With several NFTs in the collection selling for millions of dollars, this ultra exclusive club was sitting on a lot of money and little to show for it. Since then, though, the Bored Ape Yacht Club has launched events (in the real world and in the digital one), built a highly connected network of owners, launched a token, and announced plans to expand into the metaverse.
While shelling out more than a million dollars’ worth of Ethereum to purchase a picture of a cartoon monkey smoking a cigarette may not seem worth it to most people, there is no question to whether the Bored Ape Yacht Club has managed to provide utility since its launch. With a dedicated and extremely high profile community of celebrity owners, access to highly sought after events in the real world, and some good old fashioned internet clout, Bored Ape may have more utility than most NFT projects on the market today.
Audius (AUDIUS)
The music industry has been trying to integrate with blockchain for years already. After many major record labels underestimated the power that the internet would have over record sales in the early 2000s, the industry is eager to get ahead of the curve when it comes to NFTs and blockchain music streaming services. Audius is, so far, one of the more promising platforms to enter the space.
Audius offers a variety of music-integrated services via blockchain. Users can support artists by funding their projects, purchasing their music as NFTs, or stream their music through a blockchain streaming service. Fans can also purchase concert tickets as NFTs, which are often capped at a resale price to prevent scalping and inflated resale prices on sold out events. Plus, with the easy authentication of an NFT, fake ticket scams are rendered virtually impossible.
ChainLink (LINK)
ChainLink is an enterprise-level oracle network designed to help organizations using blockchain to interact with the greater internet. For businesses and corporations, ChainLink enables transactions off of the Ethereum network to be stored as smart contracts. In other words, businesses will need the ChainLink oracle network in order to fully integrate with blockchain technology.
Coachella Collectibles
While this project may not have its own native token, it does demonstrate use-case for NFTs long-term. A new Coachella Collectibles NFT collection of just 10 NFTs will offer exclusive VIP entrance for life to the Coachella Valley Music + Arts Festival. Holders of the NFT can enjoy access to one of the biggest music festivals in the world, and get additional rewards over time with exclusive merchandise, content and access to special events.
Helium (HNT)
Helium is a cryptocurrency token that provides user rewards for users who participate in what it calls “The People’s Network.” Helium’s take on wireless connectivity aims to provide wireless hotspots using cryptocurrency incentives for miners to share their data with an affordable, public network.
Verasity (VRA)
Verasity is a cryptocurrency wallet designed to integrate easily with the greater esports community, with other services in AdTech aimed at helping streamline digital advertising in ways that have never been done before. Blockchain technology provides a level of transparency never seen before on the internet, and Verasity’s VeraVeiws solution combats a phenomenon called ad fraud, which costs companies billions of dollars annually.
The several use cases for blockchain demonstrated here represent only a small portion of the ways that the technology will revolutionize connectivity as we know it. Opportunities for much-needed change in virtually every industry are enabled with blockchain, and the quickly developing Web3 industry is making real-world utility more and more prevalent among popular cryptocurrency projects. Despite the dozens of popular meme coin projects still making headlines today, though, an increasing number of utility-based projects are likely to outlast the media buzz and bring about real impact.
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.
Crypto Weekly Roundup: Ronin Bridge Hack, Blockchain.com’s $14B Valuation, Solana NFTs On OpenSea, And More
It has been an eventful week in the global crypto space. While the Ronin sidechain of Axie Infinity faced an exploit, robbing it of millions of dollars, crypto exchange Blockchain.com raised its valuation to a whopping $14 billion. Let’s find out more.
Bitcoin
Kraken exchange users have reported that functionalities for Bitcoin Lightning Network are already available on the platform, despite the crypto exchange targeting the launch for said functionalities at an earlier date.
Anticipation is rising for Apple CEO to announce BTC payments at the upcoming Bitcoin Conference in Miami scheduled for 6 to 9 April.
Michael Saylor’s MicroStrategy announces that one of its subsidiaries has taken out a loan of $205 million to buy more BTC.
Grayscale is currently strategizing on launching an ETF for Bitcoin, and reports indicate that it is willing to challenge the SEC should its application for a spot ETF become denied.
DeFi
DeFi protocol Ola Finance suffered a re-entrancy attack that saw some $3.6 million worth of crypto drained from its protocol.
Wave Financial announced the launch of a new fund designed to boost liquidity options for newly created DeFi platforms built on the Cardano ecosystem.
Axie Infinity's Ronin Sidechain has been exploited, with a threat actor stealing away an estimated $625 million in USDC and ETH.
Hedera Hashgraph opened a DeFi incentive program through the HBAR Foundation, the developers behind its tech.
Technology
Banking giant Citi has signaled that it is quite bullish around the metaverse, predicting that it could grow to anywhere between $8 trillion and $13 trillion by 2030.
LayerZero Labs closed a $135 million Series B investment round led by Andreessen Horowitz, FTX Ventures, and Sequoia Capital.
Shiba Inu developers launched its latest update with "SHIB: The Metaverse," which it previously announced last month.
Opera launched multichain compatibility with Bitcoin, Solana, and Polygon, through its Crypto Browser project initiative.
The state government of Maharashtra recently announced that it has joined hands with Polygon to issue verifiable caste certificates on its blockchain platform LegitDoc.
Crypto wallet firm MetaMask updated its iOS app, enabling iPhone users to buy crypto with Apple Pay.
Business
Binance became the first-ever official crypto exchange partner of the Grammy Awards for music.
After raising an undisclosed amount in funding from several global VC firms, Blockchain.com’s valuation soars to a staggering $14 billion.
Dubai’s Citizens School announced that it would accept school fee payments in BTC and ETH, becoming the first school in the Middle School.
The development team behind the Helium decentralized wireless network (HNT) announced that it would change its trade name to Nova Labs going forward.
Football legend Lionel Messi signed a $20 million deal with Socios.com to become the fan token site’s global brand ambassador.
The NFL announced that Detroit would host the 2024 draft and revealed that teams would be able to seek out blockchain partnerships with platforms such as Coinbase and FTX.
Australian crypto exchange BTC Markets is opening up debit, prepaid, and credit card payment options for its customers through the partnership with Mastercard.
A local newspaper reported that Coinbase Global is in talks to acquire 2TM, the parent company of Brazil’s largest crypto exchange - Mercado Bitcoin.
Regulation
A senior Bank of Japan official commented on the need for a common framework to regulate cryptocurrencies before they “upend” the global settlement system.
According to sources, the Indian government is waiting to devise any set cryptocurrency law till a global consensus emerges on regulating such assets.
The EU vote could oblige crypto exchanges to report crypto transactions above $1000 from “unhosted cryptocurrency wallets” and collect personally identifiable information.
South Korea’s incoming president Yoon Suk-yeol has vowed to loosen crypto regulations and introduce pro-crypto measures.
The FCA moved its March 31st deadline for select crypto firms under its jurisdiction in line with some revisions to its guidelines on the registration process.
Vietnam’s Ministries of Finance, Justice, and Information & Communications are coming together to assist the State Bank of Vietnam in developing a legal framework for cryptocurrencies.
FCA’s high standards for regulatory approval forced multiple UK-based crypto companies to move abroad.
The UK's finance ministry will release new regulations for cryptocurrencies and blockchain tech across its jurisdiction.
The Austin City Council has passed two resolutions related to crypto assets and blockchain technology.
NFT
Samsung announced that it is launching the world’s first-ever Smart TV NFT Platform in partnership with Nifty Gateway, the NFT marketplace owned by Gemini.
OpenSea teases support for Solana by hinting that Solana NFTs could be coming to the OpenSea NFT marketplace.
Payments technology firm Visa launched its Creator Program to support select small business owners and educate them on NFTs.
Ukraine's Ministry of Digital Transformation launched the Meta History Museum of War alongside an NFT collection titled "Warline."
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.
Helium Network Rebrands To Nova Labs, Raises $200m in Series D
Helium Inc., the development team behind the Helium decentralized wireless network (HNT), has announced that it will change its trade name to Nova Labs going forward.
The announcement coincides with the firm's recently closed Series D investment round, which saw $200 million in funding from Andreessen Horowitz (a16z), Tiger Global, Seven Seven Six, GV (Google Ventures), Liberty Global, NGP Capital, Goodyear Ventures, and Deutsche Telekom, among others. This latest round has raised the firm's estimated valuation at $1.2 billion. This round was focused on equity instead of tokens, as compared to its$111 million funding round in August 2021, which was also led by a16z.
Co-founded in 2013 by Shawn Fanning and Amir Haleem, Helium was originally a wireless network designed for Internet of Things (IoT) devices such as trackers or sensors. Over time, the network was developed into a blockchain-based token incentives platform which rewarded users with the HNT token for supporting the network by sharing their home internet connection through a Helium node. Having grown from 14,000 active nodes just last year, the network now has 680,000 nodes.
"[Helium] is actually the people's network. We really wanted to change our name to create a clear distinction that we don't own the network. We are the creators and founders, but we open-sourced it, and it's important to recognize that the people are the ones that are tirelessly growing and maintaining the network," shares Nova Labs COO Frank Mong.
Going forward, Nova Labs will be a separate business entity from Helium, which will now refer to the community-run, open source crypto wireless network. The community was a unique project, in that crypto tokens were turned into a decentralized wireless network fueld by token incentives. Nova Labs will be headed by the founders and core contributors behind the Helium network.
With the name change, the Helium trademark is now granted solely to the Decentralized Wireless Alliance, which itself will be renamed to The Helium Foundation, a community-selected governing body behind the network which functions much like a decentralized autonomous organization (DAO) overseeing key protocol improvement proposals.
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.
Co-founder of one of the most successful crypto hedge funds thinks this bear market will be different
Kyle Samani, co-founder and managing partner of Multicoin Capital, sees the coming crypto bear market as being very different from the previous one.
A long period of pronounced bearish sentiment for the crypto market has brought bitcoin down from its $69,000 high to around $49,000, and wiped around $700 million from the crypto global market cap at the same time.
Many analysts are calling a bear market. Bitcoin is bumping along and barely holding the 100-day moving average. Add to this the Fed’s recent announcement of increased tapering and impending interest rate rises, and the outlook may look more than a trifle bleak.
However, according to Kyle Samani, when the bear market does arrive it will be quite different to the one in 2018/19. He cites the previous bull market as having many crypto projects that still didn’t work, and offered little or no utility. He said that the hype was just based on white papers that were just promises at the time.
But for this bull market he states:
"This time around, that's just not true. This time around, everything works. There's real utility and you can see the value of that."
According to an article on Business Insider earlier today, VC funds have invested a record $30 billion into the crypto industry. This is nearly 4 times the $8 billion that went into the sector in 2018.
The article explains that most of this investment went into NFTs, DeFi, the Metaverse, and gaming projects. With this amount of funding, the projects in these niches could start to decouple from bitcoin and react less sharply to the gravitational pull from the apex crypto.
Samani stated:
"I think that you will continue to see bitcoin act differently than the rest of the market. The traditional views of crypto were just the other assets were levered exposure to BTC or they were just higher beta. The thing is now these assets all do different things, and they have different functions, different utility."
Three tokens that Samani’s Multichain Capital Fund has bought, and that he’s particularly bullish on, are Solana (SOL), Helium (HNT), and the Graph (GRT). Other huge successes for the fund are Terra (LUNA), which is up 13,861% YTD, and also Kadena (KDA) up 7,658% YTD (figures taken from Messari).
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.
Helium Price Up 11%, Is HNT Ready for a Breakout?
Helium price is up 11.81% today, making it the third biggest gainer on Crypto.com, following Bluzelle and Decentraland. At the time of writing, Helium is trading at $54, which was an ATH that Helium hit 3 times in the past week. Let’s take a look at what might be causing HNT’s recent price hike, and […]
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