Innova(INN)

IC1101 is committed to providing a more immersive, fun, and autonomous experience than the current metaverse. IC1101, named after its astronomical designation, shines with infinite, mysterious light in the vast universe. As one of the largest known galaxies in the universe, IC1101 represents a huge, mysterious, and spectacular existence. It undoubtedly contains endless wonders and unknowns waiting for human exploration. IC1101 is a mysterious galaxy, a new metaverse project name, and a super immersive multi-dimensional universe platform dedicated to providing a more immersive, fun, and autonomous experience than the current metaverse. Participants will be able to explore the mysterious qualities of IC1101 and discover endless possibilities within it. Current metaverse projects often have limitations in terms of graphics, immersion, and participant decision-making power. IC1101 aims to solve these limitations and take the realism, participation, and activity of the metaverse world to a new level. So, can it stand out in fierce competition and become a dark horse? Let us embark on the journey of IC1101 together, explore this mysterious galaxy, and find the answers. When Adventure Meets Creativity In the world of the metaverse, a fascinating worldview is particularly important: it not only determines the style of the project and the immersion of the players, but also opens up more imagination space for storytelling. As a galaxy full of wonders and fantasies, IC1101 has a unique and captivating worldview, bringing unprecedented experiences to participants. The worldview of IC1101 is based on diversity and freedom. Eight major races converge in this galaxy, each with unique appearances and abilities. From appearance to cultural customs, from ideological concepts to social structures, the differences between races in IC1101 are rich and inclusive. In this galaxy, players will be able to explore the blending and mutual influence of diverse cultures, and feel the interaction and cooperation between different races. IC1101 also provides players with great freedom and creativity. Players can choose their own role identity, create unique appearance and personality traits, and participate in various exciting activities and scenarios, such as driving spaceships to explore unknown planets in the galaxy, discovering hidden cosmic secrets; They can also join teams, collaborate to solve complex puzzles and tasks, and experience the fruits of cooperation and unity. At the same time, players can also trade in the economic market of IC1101, buying and selling various precious resources and items, and developing their own wealth and power. Overall, IC1101 combines elements of science fiction, fantasy, and mystery. Players will find themselves in a colorful and mysterious interstellar world, where every exploration and adventure brings new surprises and challenges. But how will this worldview be realized through technology? Multi-platform support attracts different user groups. Overall, IC1101 is an immersive metaverse platform based on a multi-chain architecture that allows users from different public chains to easily connect. Through the introduction of token economics and NFTs, users can have their own digital assets and ownership, and can engage in social and game cooperation to complete tasks, satisfy their desires, and earn rewards. IC1101's appeal is not just in its technological innovation and diverse universe construction, but more importantly, in its ability to attract different types of user groups. Before introducing specific products and technologies, it is worth considering who will be interested in the metaverse. We can divide IC1101's audience into two categories, heavy gamers and casual gamers. The former includes tech enthusiasts and gamers who have some technical expertise and equipment requirements, are interested in immersive virtual experiences, and pursue the ultimate experience; while the latter are more focused on commercial and social aspects, such as enterprises or projects interested in Web3 business models, and players who want to find more social opportunities and new friends in the virtual world. Based on the needs of different user groups, IC1101 provides two products to meet their expectations: IC1101 World and IC1101 Space. IC1101 World: A more immersive metaverse world. IC1101 World is a more immersive metaverse world. In terms of technology and graphics, it is created using the Unreal Engine 5, with outstanding image quality that forms a strong contrast to most of the current metaverse projects made with the Unity engine, which tend to be low-poly in style. In actual gameplay experience, we can see finely detailed graphics similar to those of AAA games, including finely detailed building details, dynamic blur during movement, and reflection of ripples on the water surface, all of which make players feel fully immersed in a virtual world. In terms of scene design, IC1101 World provides more three-dimensional scenes, including different planets and buildings. Each planet has a unique theme and function, such as planets specifically designed for battles and planets for exhibitions and demonstrations. Different buildings also serve different purposes, such as Sony's music hall, which can be used for music playback and related artist activities. In terms of scene design, IC1101 World offers more three-dimensional scenes, including different planets and buildings. Each planet has a unique theme and function, such as planets specifically designed for battles and planets for exhibitions and demonstrations. Different buildings also have different functions, such as Sony's music hall, which can be used for music playback and artist-related activities. In addition, virtual assets have been mapped more realistically in the IC1101 World, and players can directly view and purchase NFTs in the mall, change outfits, and become a 3D image of the NFT, which also provides possibilities for more collaborative creation. IC1101 Space: Lower Threshold for Participation IC1101 World will bring better graphics and a more immersive world to players, but the cost is higher hardware requirements for accessing devices. A well-configured computer may be needed to smoothly enter the metaverse. However, not everyone is a hardcore gamer or an extreme immersion seeker. For more casual players who want to experience the scenes and interactions of the metaverse, IC1101 provides another option: IC1101 Space. IC1101 Space can be accessed through a simple browser login, presented in the form of a webpage, making it convenient and fast to use. Although the graphics may not be as detailed as the World version, they significantly lower the barrier to entry, making them particularly suitable for commercial and social users. In IC1101 Space, players can take on their own roles and participate in online displays and interactions. Compared to traditional social media platforms, IC1101 Space provides richer ways of interaction. In the same scene, players can communicate and greet others, have deeper interactions with organizations, media, and partners they are interested in, bringing them closer together. Immersion is not the first choice for social demand orientation, as it is more important to allow more people to participate in the activities together. IC1101 has achieved this very well. It is worth mentioning that the user data and scenes of the two versions, IC1101 World and IC1101 Space, are interoperable. This means that users can choose different login methods according to their own needs, but their behavior is visible in both versions, and together they influence the world of IC1101. This versioning method for different user groups can attract more users and provide better experiences for different types of participants. This is relatively rare in current metaverse projects, and many projects may not have considered this layered demand. For hardcore players and explorers who are looking for ultimate graphics and immersion, IC1101 World provides a more immersive metaverse experience. For casual players who want to participate in metaverse social and business activities, IC1101 Space provides a lower threshold for participation. Whether for technology enthusiasts, gamers, business users, or social users, IC1101 can meet their needs and create new digital experiences and lifestyles for them. A sense of participation puts the galaxy within reach. The essence of social interaction is a sense of participation. People are the sum of social relationships, and in many metaverse projects, simple display and gathering are only a one-way and low-interaction social relationships, which cannot give players a strong sense of participation. Over time, players will feel empty and boring, and a rich and fulfilling virtual world seems out of reach. Therefore, the metaverse also needs to be built around a sense of participation, so that users are willing, good at, and immersed in this virtual world, becoming "digital natives" in the metaverse. In addition to excellent graphics and sensitive user segmentation, IC1101 is also working on a sense of participation. Firstly, in terms of social aspects, in IC1101, users can enter with their own NFT digital avatars, and can also use these avatars within IC1101. This way, users can communicate with others in the virtual world through their digital avatars. Through functions such as lobby chat, private chat, friend teaming, community tasks/activities, live streaming, and social media sharing, users can establish emotional connections with others. In addition, users can also enhance friendships by sending friends gifts. These social functions not only allow users to display their digital avatars in IC1101, but also to establish real social relationships with others. Next, let's delve into the gaming aspect. IC1101 is committed to creating interactive gaming spaces. In the world of IC1101, users can indulge in a wide variety of casual games, enticing more Web2 multi-users to migrate to the Web3 world. With diverse gaming experiences, IC1101 offers users more interactive and entertaining choices, allowing them to have a stronger sense of engagement within the game. In addition, IC1101 provides a whole new shopping experience. Users can present and sell 2D NFTs purchased on other platforms in a 3D manner within IC1101. Furthermore, brand collaborations are able to bring users a shopping experience beyond reality. By partnering with brands, IC1101 has created a 3D NFT digital mall, offering users a completely new way of shopping and experiencing. Finally, IC1101 also allows users to participate in scenario decision-making. Users can vote to decide the functions of buildings and scenes implemented in the metaverse world. This way, users can participate in the construction process of the metaverse, express their opinions and ideas, and further enhance their sense of participation in IC1101. Expert Team The project members of IC1101 are a group of creative industry experts with an average of 15 years of experience in their respective fields. The team members are located in North America and Asia, and have worked for globally renowned companies such as Dfinity, UBISOFT, Disney, Unity SF, and Konami. They have had long-standing partnerships with top global companies such as Blizzard, EA, Sony, and Amazon, and have participated in the development of many well-known products such as Hearthstone, World of Warcraft, Diablo, Harry Potter, New World, and The Last of Us. The team members have a great passion for the Metaverse project and a deep understanding of it. They are familiar with the concept and development trends of the Metaverse, and are committed to creating an exciting and meaningful virtual experience for users. The strength and partnerships of the IC1101 team have laid a solid foundation for the success of the project. Their professional knowledge and rich experience will ensure that IC1101 can provide the best technical solutions and continuously drive the development of the Metaverse. The team's goal is to create a realistic and engaging virtual world for users where everyone can experience unlimited possibilities and fun. SPACE X 3.0: Immerse Yourself in the Advanced Metaverse Even before its official launch, IC1101 offers a unique opportunity for an early experience that everyone has been eagerly waiting for. On June 6th, starting at 10:00 AM, IC1101 is hosting a significant event called "SPACE X 3.0" Demo Day, providing a vital chance for those interested in the project. This event will showcase the latest developments of the IC1101 project and allow participants to have a firsthand experience of its remarkable products. "SPACE X 3.0" Demo Day will take place in IC1101 Space. Participants will enter this metaverse in the form of digital avatars and engage in interactions with others. The event will offer a diverse range of experiences, including airdrops of tokens and real-time PvP competitions. From the scenes of the event, it's apparent that the inaugural Demo Day has attracted thousands of visitors and garnered support from 30 VCs and 8 media outlets. This demonstrates the convenience, immersion, and engagement that IC1101 provides to its participants. Beyond the event itself, we are also highly excited about the future of the IC1101 project. Through the showcase at Demo Day, IC1101 will unveil its enormous potential and prospects as a real metaverse to the world, bringing users more innovation and thrilling experiences. 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.

[PRESS RELEASE – Podgorica, Montenegro, June 9th, 2023] At EDCON 2023 in Montenegro, the Ethereum Reserve Dollar (“ERD”) team introduced their innovative decentralized lending platform and USDE stablecoin to the industry. ERD is a lending platform that allows users to borrow USDE, a USD-pegged stablecoin native to the platform, using liquid staking derivatives (LSDs) and […]

Podgorica, Montenegro, June 9th, 2023, ChainwireAt EDCON 2023 in Montenegro, the Ethereum Reserve Dollar (“ERD”) team introduced their innovative decentralized lending platform and USDE stablecoin to the industry. ERD is a lending platform that allows users to borrow USDE, a USD-pegged stablecoin native to the platform, using liquid staking derivatives (LSDs) and blue-chip DeFi tokens as collateral. The protocol maintains a minimum collateralization ratio of 110%, striking a balance between decentralization, capital efficiency, and price stability.In the fast-paced world of blockchain and cryptocurrencies, the demand for fully decentralized stablecoins is growing. The challenge has been to simultaneously achieve capital efficiency, price stability, and decentralization, a combination that has proven difficult to achieve.Numerous attempts have been made to create stablecoins that are both decentralized and capital efficient. However, these efforts often led to significant price fluctuations, causing depegging and collapse. The industry has thus been left with a choice between capital efficiency and decentralization, with price stability being a crucial requirement for any stablecoin's survival and expansion.Ethereum Reserve Dollar is designed to address these challenges. ERD is fully decentralized, providing a safer solution to the dominant centralized and semi-centralized stablecoins in the market. It employs a fully decentralized lending protocol and a robust liquidation mechanism, enabling users to borrow USDE using LSDs and blue-chip DeFi tokens as collateral. The platform secures loans with a Stability Pool containing USDE, which allows for immediate liquidation and bypasses the need for liquidators to prepare USDE or engage in a complex auction process. Furthermore, the protocol's design allows users to borrow at only a 110% collateralization ratio, achieving an ideal combination of decentralization, capital efficiency, and price stability.Notably, ERD also aims to provide greater value as a governance token and introduce widely distributed decentralized assets on the ETH network, addressing limitations observed in similar protocols, such as those of the Liquity Protocol.“Looking back at the collapses of so many failed stablecoins, and the depegging of USDT in 2022 and USDC in 2023, the industry is still searching for a truly decentralized, capital-efficient, and robust solution," said Steve Hopkins, ERD’s CMO. “ERD is this and so much more; it's a solution designed to become a truly decentralized reserve asset on the Ethereum network. We believe ERD offers a significant step forward in blockchain and DeFi technology. We’re thrilled to share it with the world. ”The ERD team will launch their testnet event on June 12, 2023. This event will offer the opportunity to experience the platform's unique features and benefits firsthand, while also entitling early adopters to share in the upside of the project’s growth.The ERD Protocol is set to redefine the stablecoin landscape. With its unique features and benefits, it offers a promising solution for efficient and decentralized lending. The team encourages everyone to participate in the upcoming testnet event and experience the future of DeFi.For more information about the ERD Protocol and its upcoming testnet event, please visit the official website at https://erd.xyz/ and follow the project on Twitter at @Ethereum_ERD.About ERDERD is a decentralized lending protocol that enables users to borrow in USDE, a stablecoin pegged to the US dollar, using LSDs and blue-chip DeFi tokens as collateral. It aims to address the dominance of centralized stablecoins and offer a truly decentralized, capital-efficient alternative. The protocol offers a minimum collateralization ratio of 110% and secures loans with a stable pool containing USDE and other Ethereum-based assets. The benefits of ERD include low-interest rates, high capital efficiency, direct redemptions, and decentralization. Its goal is to become a truly decentralized reserve asset on the Ethereum network.Long live Ethereum Reserve Dollar. On Ethereum, By Ethereum, For Ethereum.For more information and to stay updated please visit:Official website | Twitter | Discord | Whitepaper | GitHubContactCMOSteve HopkinsEthereum Reserve [email protected]

The bipartisan bills target government transparency when using AI and the formation of a new Office of Global Competition Analysis to stay on top of innovation.

In a thrilling 2023 rumble, TMS Network (TMSN) flexes its muscles, overpowering rivals The Sandbox (SAND) and Aptos (APT). With its relentless determination and innovative prowess, TMS Network (TMSN) emerges as a force to be reckoned with in the cryptocurrency arena. This article will explore The Sandbox (SAND), Aptos (APT) and discover how the groundbreaking […]

$CatGPT is launching its own NFT collection on its website, CatGPT.Nexus, where you can try him yourself and interact with our A.I Overlord. Are you ready to join the feline revolution? Meet $CatGPT, the world’s first AI cat-ledEthereum token and NFT collection from a development team based in the UK. CatGPT is an ambitious project that aims to take over the web3 space with its unique vision and personality. $CatGPT is not your ordinary token. It is powered by a sophisticated artificial intelligence that can generate content and communicate with his own unique personality. $CatGPT is also the leader of a loyal community of cat lovers who share his passion for world domination and innovation. The collection will feature 5,000 unique cyborg cat avatars that represent CatGPT’s army of followers. The NFT collection will go live on 16th of June 2PM EDT. The minting price will be payable in $CatGPT tokens and all tokens received will be burnt. The demand is expected to be high, so don’t miss this opportunity to join the cat revolution and support CatGPT’s mission. To learn more about CatGPT, visit his website at CatGPT.Nexus or follow us on Twitter at @CatGPT__ETH. You can also join the Telegram group https://t.me/CatGPTETH to chat with the community. CatGPT is more than just a token. It is a movement. A movement that will change the web3 space forever with feline world domination! Are you in? Contact: Development team [email protected] Website: https://www.catgpt.nexus/ Twitter:https://twitter.com/CatGPT__ETH Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

The intersection of artificial intelligence (AI) and cryptocurrency has opened up exciting possibilities for investors. As AI continues to revolutionize various industries, AI-focused cryptocurrencies have emerged as potential game-changers. In this article, we will explore five AI coins that have the potential to transform investors' financial lives. 1. Fetch.ai (FET): Fetch.ai aims to create a decentralized network that enables machines to exchange data, services, and value autonomously. By combining AI, blockchain, and multi-agent systems, Fetch.ai facilitates the development of intelligent decentralized applications (DApps). With its focus on autonomous machine-to-machine communication and economic transactions, Fetch.ai presents a compelling investment opportunity in AI. 2. InQubeta (QUBE): InQubeta combines the power of AI and blockchain to create a unique ecosystem for AI startups and investors. With its NFT marketplace and crowdfunding platform, InQubeta enables investors to back and invest in promising AI projects. By leveraging QUBE tokens, investors can participate in the success of AI startups and benefit from their growth. InQubeta's focus on AI and its innovative approach to crowdfunding makes it an intriguing investment opportunity in the AI coins space. InQubeta is also currently in its presale, with the project raising more than $300,000 within a few weeks of launch. Interested participants can purchase the token using popular tokens like Ethereum, Bitcoin and USDT on the presale portal. In addition, the minimum presale amount is pegged at $50, making it accessible to all types of investors. Visit InQubeta Presale 3. SingularityNet (AGI): SingularityNet envisions a global AI marketplace where developers, businesses, and individuals can access and exchange AI services. By leveraging blockchain technology, SingularityNet aims to create a decentralized network that democratizes access to AI. With its AI-as-a-Service platform, SingularityNet enables developers to monetize their AI algorithms and allows users to benefit from diverse AI capabilities. 4. Injective Protocol (INJ): Injective Protocol is a decentralized exchange (DEX) that enables the trading of synthetic assets, including AI-related financial products. By leveraging layer-2 technology, Injective Protocol offers fast and secure trading with near-zero gas fees. As the demand for AI-related financial instruments grows, Injective Protocol provides a unique investment opportunity in the AI coins market. 5. The Graph (GRT): The Graph is an indexing protocol that allows developers to efficiently access blockchain data. By providing APIs and a query language, The Graph simplifies the process of extracting and utilizing blockchain data for building decentralized applications. With the increasing adoption of blockchain technology and the need for efficient data processing, The Graph has the potential to become a critical infrastructure in the AI and blockchain ecosystem. Visit InQubeta Presale Bottom Line In conclusion, the emergence of AI-focused cryptocurrencies has opened up new avenues for investors. Fetch.ai, SingularityNet, Injective Protocol, The Graph, and InQubeta are five AI coins that hold the potential to revolutionize the AI industry and change investors' financial lives forever. Investing in these AI coins comes with both potential rewards and risks. It is crucial for investors to conduct thorough research, assess the fundamentals of each project, and evaluate market trends before making investment decisions. Additionally, staying updated with the latest developments and news in the AI and cryptocurrency sectors is essential to make informed investment choices. Visit InQubeta Presale Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

The cryptocurrency market continues to experience significant volatility, with two of the top 100 cryptos, Mask Network (MASK) and ApeCoin (APE), declining. These tokens’ price fluctuations persist in a negative direction, leaving investors hoping for a potential rebound soon. In contrast, the Uwerx presale generates increasing excitement as it maintains an upward trend. This cryptocurrency project aims to make a remarkable contribution to the freelance economy, attracting bullish sentiment from investors. Here’s what’s happening in these crypto projects recently. ApeCoin (APE) Is Fueling the Next Metaverse Evolution Launched by Yuga Labs in March 2022, ApeCoin (APE) is the backbone for incentivizing and powering activities within the ApeCoin network. Notably, ApeCoin (APE) has emerged as the leading metaverse token in terms of market capitalization. A key milestone for ApeCoin (APE) has been the introduction of staking, enabling users to lock a portion of their ApeCoin (APE) holdings and participate in transaction validation. With its attractive features, ApeCoin (APE) has garnered significant popularity. Users benefit from low transaction fees, ensuring cost-effective transactions. The network also offers instant transaction processing, enhancing the overall user experience. Moreover, ApeCoin (APE) seamlessly integrates with popular gaming platforms, further driving its appeal in the metaverse space. As the metaverse continues to evolve and gain traction, ApeCoin (APE) stands out as a prominent player, fueling the virtual ecosystem and offering a range of benefits to its users. However, ApeCoin (APE) has steadily declined over the last 30 days. As of writing, ApeCoin(APE) is up by 1.5%. However, it is down by 14% in the last 30 days, with its 24-hour trading volume decreasing by 16.86%. MASK Network (MASK): Powering The Revolution of Social Apps MASK Network (MASK) is an encrypted social messaging platform enabling secure crypto transactions and file-sharing. Its native token, $MASK, facilitates crypto transfers, grants access to platform features, and allows participation in community voting. Recently, MASK Network (MASK) has been in the news. MASK Network (MASK) recently revealed its 3rd Web3 Social Grant round, collaborating with Gitcoin and offering a $50k matching pool. They have also sponsored Decentralized Social Afternoons to foster a vibrant community. In addition, MASK Network (MASK) invested in Telegram's TON, aiming to provide innovative solutions to a broad user base. Furthermore, they received 257,540 ARB tokens from Arbitrum, distributing them to incentivize active community members and support the Mask DAO treasury. However, MASK Network’s (MASK) price has recently declined. The token is down by 2% as of writing. Its 24-hour trading volume has also slumped by 14.83%. Uwerx (WERX) Presale Continues to Surge Uwerx, an innovative cryptocurrency platform for freelancers and clients, is gaining traction with its exciting services and 1% flat fee. Having already secured audit approval from SolidProof and InterFi, Uwerx is currently in its stage 5 presale, moving past stage 1 to 4 within a few weeks while selling millions of WERX tokens. As a result of the rapid success of Uwerx's presale, the Uwerx team adjusted its token allocation, with the presale getting a boosted 57% (427.5 million WERX tokens) of the 700 million total token supply. The team has also announced that the stage 5 presale is set to go live soon. Furthermore, the native token, WERX, is currently priced at $0.041, experiencing significant growth from its starting price of $0.005. Industry experts are highly optimistic about the future of the Uwerx token, predicting it to surpass $3 by Q1 2024. However, Uwerx is achieving more success in other areas of the project. Excitingly, the anticipated Alpha Version of the platform has been launched, featuring the landing page and sign-in/sign-up pages. Additional features such as login, user dashboard, job posting, job search, and more will continue to be rolled out weekly/bi-weekly. Transition to the Beta version will follow soon, allowing users to test the new platform. Users can provide valuable feedback by emailing [email protected] Uwerx has also introduced a new feature called the Uwerx Vault, enabling users to stake their tokens for a preferred duration and earn rewards. As of writing, Uwerx has obtained 5,546 sign-ups and 1,627 and 1,456 followers on Twitter and Telegram, respectively. Initially planned to be locked for 25 years after the presale, the developer's liquidity tokens will be locked sooner after 82.8% of the Uwerx community votes in its favor. Details regarding the lock date will be announced shortly. Additionally, 92.8% of the Uwerx community has approved a test airdrop to validate user wallet addresses. The Uwerx team also plans to renounce ownership of smart contracts upon listing on centralized exchanges, highlighting their commitment to decentralization. With the recent price increase, Uwerx is nearing its proposed $0.095 to $0.115 launch price as the presale is set to close on July 31, 2023. So seize the moment to invest in the crypto market’s next big thing today and get a 15% bonus on all purchases. Buy Presale: https://invest.uwerx.network Telegram: https://t.me/uwerx_network Twitter: https://twitter.com/uwerx_network Website: https://www.uwerx.network 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.

In recent months, the SEC has filed lawsuits against several businesses, including Binance and Coinbase, as part of its tough stance against cryptocurrencies. This might have a negative influence on the United States in a number of ways. Ways SEC Can Hurt the U.S Via Its Attacks On The Cryptocurrency Space Hinder Innovation: It may […]

San Francisco-based Web3 developer hub Ankr has officially launched Enterprise Remote Procedure Call (RPC) services on Microsoft's Azure Marketplace, following their partnership announcement in February this year. The service is intended to provide Azure's vast customer base with low-latency, globally accessible blockchain connections, aiding them in their Web3 project and application development. Notably, Ankr's AppChains, a solution enabling enterprises to deploy dedicated, customizable blockchains, will also be made available on Azure Marketplace. Initial offerings will include the deployment of Polygon Supernets with a promise of more blockchain ecosystem choices in the near future. "Through this partnership, we are abstracting away what is often an impediment to testing, deploying, and scaling Web3 projects seamlessly," shares Daniel An, Microsoft's Director of Business Development. AppChains have been part of Ankr's product line-up for a year now. These scalable, application-specific blockchains facilitate decentralized app development and project execution for Web3 organizations. Their popularity among traditional enterprises has grown significantly due to their versatile application potential across banking, institutional clients, CBDCs, gaming, and more. By offering AppChains through the Azure Marketplace, enterprises have a vetted and trusted platform to explore and adopt this new technology. Ankr's AppChains aim to overcome significant hurdles faced by enterprises, such as scalability, user experience, and the cost of hiring new Web3 engineering talent. AppChains provide speedy and affordable transactions, seamless user experiences, regulatory compliance, and comprehensive engineering support. These advantages could streamline the transition to Web3 for many firms interested in the digital asset space. Peter Stewart, Head of Infrastructure at Ankr, praised the collaboration with Microsoft and highlighted their anticipation for increased demand following the Azure Marketplace launch. Simultaneously, Kev Silk, Ankr AppChains Lead, underscored Ankr's commitment to facilitating Web3 accessibility for large businesses through this enterprise-grade chain solution. "With Microsoft's guidance, we will continue to innovate and improve based on user feedback and performance metrics. This partnership has been remarkable, and we are excited for the future of our Enterprise RPC service," Stewart shares. Ankr, as an all-in-one Web3 developer hub, offers an extensive toolkit to build Web3 apps and establish high-performance connections to over 30 blockchains. Ankr is an approved infrastructure partner for constructing application-specific blockchains on ecosystems like the BNB Smart Chain, Polygon, and Avalanche. According to data from 2022, Microsoft Azure is the second-largest cloud service provider worldwide, commanding a market share of approximately 20%. Analysts predict that by 2024, global blockchain technology revenues are expected to reach $23.3 billion. Given this context, the Ankr-Microsoft partnership could be a significant step in catering to this emerging demand. The Ankr and Microsoft Azure collaboration represents an important development in the expansion of Web3, emphasizing the increasing importance of reliable infrastructure in fostering its growth. By facilitating the rapid deployment of customized blockchains and providing scalable connections to over 30 blockchain networks, this partnership could catalyze the mainstream adoption of Web3 technologies. Building Web3 infrastructure is akin to creating the foundational pillars of the next-generation internet. It provides the necessary groundwork that enables decentralized applications (dApps) and platforms to run smoothly. This not only enhances performance but also ensures that these platforms can effectively maintain the decentralized ethos at the heart of the Web3 vision. What's Next For Ankr and Microsoft Azure? Microsoft Azure's involvement in this endeavor is notable. As one of the leading cloud service providers, Azure brings extensive expertise in facilitating scalable, reliable, and secure cloud solutions for various applications. Its entry into the Web3 infrastructure space underscores the intersection of traditional tech giants with the burgeoning field of blockchain technology. In terms of broader implications, the Ankr-Microsoft partnership provides an excellent example of how cloud services can fuel the growth of Web3. Cloud computing, with its inherent flexibility, scalability, and cost-effectiveness, provides an ideal environment for developing and deploying dApps, smart contracts, and other blockchain-powered applications. In fact, the synergy of cloud computing and blockchain could serve as a catalyst for new business models and applications in the Web3 space. For instance, decentralized data storage and management, enhanced digital identity solutions, and streamlined supply chain systems are among the numerous potential applications of a blockchain-cloud fusion. Microsoft Azure, with its robust cloud infrastructure, has a history of fostering such innovations. The platform's as-a-service offerings – including Software-as-a-Service (SaaS), Platform-as-a-Service (PaaS), and Infrastructure-as-a-Service (IaaS) – have already disrupted multiple sectors. By extending these capabilities to Web3 infrastructure development, Azure could unlock new frontiers in the decentralized tech landscape. The integration of Ankr’s Enterprise RPC services and AppChains into Azure Marketplace, therefore, not only marks a significant step in Web3 infrastructure development but also demonstrates the potential of cloud services in accelerating the growth of Web3. As enterprises worldwide increasingly recognize the potential of blockchain technology, collaborations like these are likely to become more prominent, shaping the evolution of the Internet as we know it. Partnerships such as Ankr and Microsoft Azure's represent a critical step in this direction, bringing together the flexibility of cloud services with the transformative potential of blockchain technology. 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.

Blockchain projects continue to innovate and experiment in a number of industries and formats.

Outspoken billionaire investor and entrepreneur Mark Cuban has launched a scathing attack on the SEC and its handling of complaints against cryptocurrency exchanges, especially Coinbase. Cuban was highly critical of the lack of support for companies actively looking to comply with securities regulations in the country. Cuban Frustrated With SEC Approach Billionaire Mark Cuban has long advocated for cryptocurrencies and recently expressed his frustration with the United States Securities and Exchange Commission (SEC) and its approach to crypto. Cuban stated that the Securities and Exchange Commission could have adopted a much clearer approach for compliance, and avoided legal disputes altogether. Cuban tweeted, “The SEC could have easily have gone to them and outlined an exact plan to get them to compliance. Then if @coinbase or whoever didn’t comply, they sue over whatever legal disagreements they have. Instead, they do what they told one of my companies to do when we called, read these cases and get a lawyer to figure it out for you.” SEC Only Wants To Litigate Cuban also stated that the SEC is full of lawyers, and all lawyers want to do is litigate. He added that there would be greater compliance if there were more business people within the SEC. “They are full of lawyers. Lawyers want to litigate. If you had business people, more like the SBA, there would be more compliance, fewer lawsuits, and better investor education and protections. But if that happened, 2k SEC lawyers would be out of a job.” The billionaire also suggested that the SEC promotes the cases and wins as metrics instead of keeping track of the number of companies that they help reach compliance. No One Trusts The SEC Cuban further argued that the SEC’s approach was fermenting a climate of fear and mistrust, leading to companies fearing to engage with the regulator because they are afraid of potential legal ramifications. This would make it harder for companies to achieve compliance, going against the SEC’s mandate of protecting investors and maintaining efficient markets. “As it is, no one wants to talk to the SEC because no one trusts them for fear of being in the same situation as Coinbase finds itself. You get what you measure.” Repercussions Of The SEC Crackdown The lawsuit against Coinbase came just after a similar complaint was filed against Binance and its CEO, Changpeng Zhao. The crackdown reflects an increasingly hostile regulatory environment for crypto companies in the United States. It has also led to a number of trading pairs being delisted from Binance.US. The SEC has been going after crypto companies following the collapse of FTX under the pretext of protecting consumers. Coinbase Pushes Back Coinbase has also pushed back against the SEC and has demanded clearer guidance from the chief financial regulator. Brian Armstrong, CEO of Coinbase, stated that the agency needs to clearly define what constitutes a security, leading to greater uncertainty and potentially hindering innovation in the crypto space. The SEC has stated that everything other than Bitcoin is a security. However, Armstrong has contended that the law says differently and that regulators around the globe are taking a different position than that of the SEC. Armstrong stated in an interview that Coinbase also met with the SEC, “We met with the SEC 30 times in the last year. They never gave us a single piece of feedback about what we could be doing better. We just got silence.” The US Court of Appeals for the Third Circuit has ordered the SEC to respond within a week. The SEC had sued Coinbase for allegedly acting as an unregistered broker, as it goes after some of the biggest names in crypto over alleged violations of US securities laws. “Since at least 2019, Coinbase has made billions of dollars unlawfully facilitating the buying and selling of crypto asset securities. Coinbase intertwines the traditional services of an exchange, broker, and clearing agency without having registered any of those functions with the Commission as required by law.” 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.

American-based Web3 companies and cryptocurrency exchanges could be pushed to move offshore following enforcement actions against Coinbase and Binance.US.

Enjin CTO Witek Radomski said that the new blockchain aims to promote creativity by facilitating the easy and affordable creation and distribution of NFTs.

Road Town, British Virgin Islands, June 8th, 2023, ChainwireLBank Labs, the leading blockchain venture fund, has announced an investment in Collab+Currency, a crypto-focused venture fund backing early-stage startups building the next generation of culture and consumer technology. The strategic investment aims to foster innovation and support the growth of highly-scalable Web3 infrastructure on a global scale.Collab+Currency is focused on identifying early opportunities in Web3, primarily investing in pre-seed and seed rounds. Its team has backed some of the most influential Web3 consumer projects in the world including Art Blocks, Blur, SuperRare, and Sky Mavis. During the past five years, the firm has backed around 100 projects working in nearly every vertical within crypto, including infrastructure, base-layer blockchains, service providers and NFTs. The majority of the firm's investments revolve around a thesis that consumer applications will be the biggest winners in Web3.By investing in Collab+Currency, LBank Labs aims to not only support a promising startup, but contribute to the advancement of consumer-focused technology and applications as a whole. This aligns with Labs’ mandate to identify like-minded startups who are passionate about shaping the future of consumer technology.With $100 million assets under management, LBank Labs brings extensive financial resources and a vast global network to Collab+Currency. In turn, Collab+Currency will reciprocate by contributing significant value to LBank Labs, leveraging their expertise, strategic insights, and innovative approach to fuel mutual growth and success.The venture fund also aims to forge its commitment by building a comprehensive network of Fund of Funds, designed to enhance the performance and diversification of its portfolios while emphasising the inherent value of its ecosystem network. Labs’ presence in seven global regions, including San Francisco, Dubai, Paris, Denver, Singapore, Mexico, and Shanghai, positions them as a powerhouse for fostering collaboration and innovation across borders.LBank Labs, whose investment strategy is protocol and exchange-agnostic, is committed to supporting projects through direct funding, acceleration, incubation, and extensive networking. With $100 million assets under management (AUM), the venture capital arm of global cryptocurrency exchange LBank has a strong track record of nurturing startups and helping them thrive.Besides direct investments in projects, the LBank Labs team aims to build a strong fund network via investing in global top funds to support portfolios from the network in both financial and resource value-add.About LBankLBank is one of the top crypto exchanges, established in 2015. It offers specialized financial derivatives, expert asset management services, and safe crypto trading to its users. The platform holds over 9 million users from more than 210 regions across the world. LBank is a cutting-edge platform that ensures the integrity of users’ funds and aims to contribute to the global adoption of cryptocurrency.Start Trading Now: lbank.comCommunity & Social Media: Telegram l Twitter l Facebook l LinkedIn l Instagram l YouTubeContactGlobal PR DirectorJeremy Van der [email protected]

[PRESS RELEASE – Geneva, Switzerland, June 8th, 2023] It’s been five years since the day in late May 2018 when the TRON MainNet emerged. The layer one blockchain can now authentically be labeled as the public chain of choice, with the most daily active users, the most daily transactions, and the largest circulation of the […]

As most investors offloaded Coinbase shares following the SEC’s lawsuit, Cathie Wood’s Ark Invest took the opportunity to buy the dip. Cathie Wood’s Ark Invest knows when to grab an opportunity and run. After the US Securities and Exchange Commission (SEC) announced a lawsuit against crypto exchange Coinbase, three funds of Ark Investment Management added almost 420,000 Coinbase (COIN) shares. According to its trade disclosures, the flagship Ark Innovation ETF (NYSE: ARKK) added around 330,000 Coinbase shares, worth about $17 million based on the closing price on Tuesday. Ark Next Generation Internet ETF (NYSE: ARKW) bought about 53,900 shares, worth $2.8 million, and Ark Fintech Innovation ETF (NYSE: ARKF) bought approximately 35,700 shares, worth about $1.8 million, Forbes reports. Throughout Tuesday, Coinbase’s stock dropped 11.4%, with share prices dipping from $58.26 to $51.61. Tuesday’s purchase marks the first since May 3 and brought Ark’s total Coinbase holdings to 11.44 million shares, a position worth approximately $590 million. The SEC’s Crypto Witch Hunt This week, the SEC launched an attack on crypto by suing Coinbase and rival exchange Binance. According to the agency, Coinbase allegedly acted as an unregistered securities exchange, broker, and clearing agency, charging it for “the unregistered offer and sale of securities in connection with its staking-as-a-service program.” It further deems at least 13 crypto assets on Coinbase’s platform as “crypto asset securities.” Among the SEC’s extensive list of so-called securities are Cardano (ADA), Polygon (MATIC), and Solana (SOL). The SEC’s declaration of some tokens as securities has caused doubt in the industry. Crypto trading platform Robinhood is reportedly reconsidering its crypto offerings by “actively reviewing” the SEC’s analysis “to determine what if any, action to take.” Coinbase CEO and co-founder Brian Armstrong welcomed the lawsuit and said a court battle would help establish much-needed clarity around industry rules and regulations. Regarding the SEC complaint against us today, we're proud to represent the industry in court to finally get some clarity around crypto rules.Remember:1. The SEC reviewed our business and allowed us to become a public company in 2021.2. There is no path to "come in and… — Brian Armstrong

Geneva, Switzerland, June 8th, 2023, ChainwireIt’s been five years since the day in late May 2018 when the TRON MainNet emerged. The layer one blockchain can now authentically be labeled as the public chain of choice, with the most daily active users, the most daily transactions, and the largest circulation of the stablecoin USDT. Impressing the industry with one achievement after another, it has grown into the global leader among all public chains. As the number of comparable chains and competitive options has exponentially increased, TRON continues to stand out with its second-to-none performance, scalability, and security, attracting masses of developers and users worldwide.Following TRON's anniversary, on June 1, Hong Kong's Securities and Futures Commission (SFC) began accepting applications for crypto trading platform licenses. As a top-tier public chain, TRON has promised full support for Hong Kong's Web3 ambitions to become a crypto hub of the world.TRON was founded by H.E. Justin Sun in 2017, and its MainNet went live on May 31, 2018. Five years into the launch of its MainNet, TRON now has over 165M users worldwide and has processed more than 5.7B transactions. According to DeFiLlama, it also outshines the pack with a TVL (Total Value Locked) second only to Ethereum.TRON has established a robust commerce infrastructure via partnerships across the industry. It has become the global stablecoin highway for USDT, USDC, TUSD, USDJ, and USDD.According to the data on Tether's website, the supply of TRC20-USDT has exceeded 46.1B, now 10B more than the Ethereum-native ERC20-USDT, accounting for 60% of USDT's total supply.Powered by a secure, cost-effective, and efficient underlying blockchain, the TRC-20 protocol launched by TRON has become the go-to choice among on-chain users. In addition, TRON has developed a well-rounded ecosystem covering the hotly contested fields in the sector, including DeFi, NFT, GameFi, stablecoins, the metaverse, cross-chain solutions, and DIDs, with the commitment of a group of active developers.TRON aims to elevate its on-chain stablecoin market cap to $100B in 2023 and strives to become the preferred choice for stablecoin users around the world.In October 2022, TRON was designated as the national blockchain for the Commonwealth of Dominica, and seven TRON-based utility tokens were granted statutory status as authorized digital currencies for use in everyday commerce there. This collaboration blazed a trail for blockchain projects to explore technology application and development with sovereign nations.The next five years look to be as exciting as the previous five. The TRON DAO team is confident they work hard to delve deeper into blockchain tech development by welcoming more and more projects and protocols into the ecosystem to #BUIDLtheFUTURE on TRON. An essential player in propelling the global digital economy forward, TRON strives to empower decentralized commerce and community for every person on the planet.About TRON DAOTRON DAO is a community-governed DAO dedicated to accelerating the decentralization of the internet via blockchain technology and dApps.Founded in September 2017 by H.E. Justin Sun, the TRON network has continued to deliver impressive achievements since MainNet launch in May 2018. July 2018 also marked the ecosystem integration of BitTorrent, a pioneer in decentralized Web3 services boasting over 100 million monthly active users. The TRON network has gained incredible traction in recent years. As of June 2023, it has over 165.1 million total user accounts on the blockchain, more than 5.79 billion total transactions, and over $12.0 billion in total value locked (TVL), as reported on TRONSCAN.In addition, TRON hosts the largest circulating supply of USD Tether (USDT) stablecoin across the globe, overtaking USDT on Ethereum since April 2021. The TRON network completed full decentralization in December 2021 and is now a community-governed DAO. Most recently in October 2022, TRON was designated as the national blockchain for the Commonwealth of Dominica, which marks the first time a major public blockchain partnered with a sovereign nation to develop its national blockchain infrastructure. On top of the government’s endorsement to issue Dominica Coin (“DMC”), a blockchain-based fan token to help promote Dominica’s global fanfare, seven existing TRON-based tokens - TRX, BTT, NFT, JST, USDD, USDT, TUSD, have been granted statutory status as authorized digital currency and medium of exchange in the country.TRONNetwork | TRONDAO | Twitter | YouTube | Telegram | Discord | Reddit | GitHub | Medium | ForumContactHayward [email protected]

Cointelegraph presents Pitch Room, where innovation meets opportunity.

EU officials are hoping to tempt crypto innovators as Binance and Coinbase complain of regulation by enforcement in the U.S.

[PRESS RELEASE – Please Read Disclaimer] LYOTECH LABS, an R&D company committed to creating and providing advanced, dependable, and user-friendly technological solutions, is poised to serve as the technology partner for numerous businesses spanning various industries. With a focus on security and reliability, LYOTECH LABS aims to deliver cutting-edge products and services tailored to meet […]

Positive signs have come out of Ripple and XRP spaces in the past week as its case with the Securities and Exchange Commission (SEC) nears its end.

Aave Companies proposed two key features for the decentralized stablecoin in a governance post on Tuesday.

The world of cryptocurrencies has experienced enormous growth and innovation in 2023, particularly in the Play-to-Earn (P2E) and Move-to-Earn (M2E) sectors. Due to the distinctive chances they provide to earn rewards through gaming and physical activity, both P2E and M2E tokens have grown in popularity among investors and enthusiasts alike. Today, we will examine the […]