248 days ago • cryptodaily
Friend.tech Declines as Trading and Fees Plummet
A mere three weeks post-launch, decentralized social platform Friend.tech is facing intense scrutiny as key performance metrics have dwindled, leading many to pronounce it as a "dead" platform.
Having launched its beta version on Coinbase’s layer-2 Base on Aug. 11, Friend.tech initially generated significant buzz, especially after its fees eclipsed both Uniswap and the Bitcoin network, reaching over $1 million within a day on Aug. 19. Despite this, the initial momentum seems to have been short-lived, while also trouncing speculations that info from its users was leaked.
Comparisons have also been made between Friend.tech and the 2021 DeSo app BitCloud. Web3 marketer Legendary predicts a similar fate for Friend.tech, anticipating that it "will collapse as BitClout did."
Aggregated blockchain data reveals a significant drop in daily fees, which hit a high of $1.7 million on Aug. 21 and subsequently plunged by over 87%, settling around $215,000 by Aug. 26. Concurrently, transaction activity on the platform saw an over 90% decrease, falling from a high of nearly 525,000 on Aug. 21 to just over 51,000 on Aug. 27, as indicated by data from Dune Analytics compiled by Crypto Koryo.
Social media, particularly X (formerly Twitter), is awash with commentary on the network's drastic decline. One such tweet by @beaniemaxi reads, "RIP Friendtech. August 2023-August 2023."
RIP FriendtechAugust 2023-August 2023
248 days ago • cryptodaily
Friend.tech Declines as Trading and Fees Plummet
A mere three weeks post-launch, decentralized social platform Friend.tech is facing intense scrutiny as key performance metrics have dwindled, leading many to pronounce it as a "dead" platform.
Having launched its beta version on Coinbase’s layer-2 Base on Aug. 11, Friend.tech initially generated significant buzz, especially after its fees eclipsed both Uniswap and the Bitcoin network, reaching over $1 million within a day on Aug. 19. Despite this, the initial momentum seems to have been short-lived, while also trouncing speculations that info from its users was leaked.
Comparisons have also been made between Friend.tech and the 2021 DeSo app BitCloud. Web3 marketer Legendary predicts a similar fate for Friend.tech, anticipating that it "will collapse as BitClout did."
Aggregated blockchain data reveals a significant drop in daily fees, which hit a high of $1.7 million on Aug. 21 and subsequently plunged by over 87%, settling around $215,000 by Aug. 26. Concurrently, transaction activity on the platform saw an over 90% decrease, falling from a high of nearly 525,000 on Aug. 21 to just over 51,000 on Aug. 27, as indicated by data from Dune Analytics compiled by Crypto Koryo.
Social media, particularly X (formerly Twitter), is awash with commentary on the network's drastic decline. One such tweet by @beaniemaxi reads, "RIP Friendtech. August 2023-August 2023."
RIP FriendtechAugust 2023-August 2023
255 days ago • cryptodaily
Beyond Instant Payments: Zebec Launches Modular L3 Nautilus for Scalable Payment Streaming
New York, USA, August 21st, 2023, Chainwire
Zebec has launched Nautilus, a modular L3 network that supports its blockchain-based global payment infrastructure. Nautilus enables continuous payment streaming and real-time payroll services on a previously impossible scale.
As a first-of-its-kind L3, Nautilus enables more than just instant payments. It can also facilitate Zebec Protocol’s live-payment streaming service at scale, made possible by the fastest EVM environment in web3.
Capable of parallel transaction processing, Nautilus is built for scalability, interoperability, and security through interchangeable modules for consensus, settlement, data availability, and transaction execution. This modularity will have a significant impact on how web3 payment infrastructure is composed and adopted.
"Zebec is helping to create a future where money moves more freely, providing individuals, businesses, investors, and teams with quicker and easier access to funds and tokens," said Zebec Founder Sam Thapaliya. "Launching the Nautilus Chain, and the new suite of products built on it, is a significant step towards our vision."
With Nautilus now live, Zebec’s team is set to bring single-side staking and DeFi yields online in select jurisdictions and power ZebecPay - its live streaming web3 payroll services. Zebec is also in the processof launching a traditional payroll app, WageLink, with a planned integration with Circle. With the Nautilus chain functionality, Zebec is able to offer crypto off-ramps directly linked to US bank accounts (via a partnership with CoinFlow) and roll out Zebec Card programs in Asia and Europe. These products and services will augment Zebec's existing services.
Zebec started as a continuous settlement protocol that enabled real-time payments, or payment streaming, allowing businesses to pay employees and partners in real-time in a tax-compliant way. However, the limitations of existing blockchain technology soon became apparent. Networks were either too slow or too unreliable to keep up with demand. To solve the issue, Zebec Labs created a next-generation blockchain: fast enough to facilitate payment streaming at scale, which could, critically, integrate with Ethereum-based chains.
Originally planned for Zebec’s core DeFi projects for internal payments and value/assets transfer, Nautilus testnet became one of the most prominent testnets in the crypto world. Having facilitated over 50 million transactions, with 400,000 wallets and 3,000 smart contracts deployed in its first 8 months, Nautilus chain has proven its utility and functionality beyond DeFi and opened to projects from other sectors, such as NFTs, Gamefi, etc., thus becoming a “general purpose” L3.
A huge upside to Nautilus’ modular system is that it gives developers the flexibility to configure the “chain stack” they use to build their dApps. A modular chain uses interchangeable modules for consensus, data availability, settlement, and execution. Each of these layers can be configured to developer needs or optimized based on the dApp being serviced. Especially at the execution layer, customized rollups can be deployed that optimize for privacy or scalability, or decentralization — whatever is required by the dApp.
Modular chains allow for infinite horizontal scaling and greater levels of interoperability. Since developers build from the same pool of modules, code is safer, more battle-tested, and easier to connect. More rollups and parallel chains can be deployed to increase block space and throughput effectively. Nautilus is a pioneer in this new type of blockchain, and its architecture will permanently change how blockchains are built and bring them into the real world.
At launch, Nautilus’ settlement layer is built using Solana’s VM, MOVE, and its execution layer on Neon EVM using Solidity smart contracts. Data availability is stored off-chain using Celestia. Nautilus' initial default execution layer will use optimistic rollups, but the team plans to transition to zkRollups for faster settlements, privacy, and even higher levels of scalability.
Nautilus is built with Celestia and Eclipse empowering modular chains. Through Celesita, Nautilus allows projects to tailor their consensus and settlement layers. Eclipse allows builders on Nautilus to deploy customized rollups on their execution layer.
The result is a chain with Solana-like speeds but with the security and decentralization of Ethereum. According to its engineers, Nautilus has been tested up to 3,000 TPS, but the team expects the number to increase with the transition to zkRollups. By having such a high TPS, Nautilus chain provides a platform that can keep up with the demands of the real world, opening the door to decentralized markets for financial instruments and assets, such as stocks, bonds, real estate, and tokenized real-world assets.
Thanks to Nautilus, Zebec can now operate on a much larger scale. Businesses can pay employees and partners in real time through live payments or payment streaming. Zebec’s goal isn’t merely to provide more efficient payment services; it’s to onboard millions of new users through user-friendly, secure payment apps and new use cases.
Zebec’s innovation paves the way for pay-as-you-go payment plans for streaming services, car-sharing platforms, gyms, residential clubs, and more. It enables potential new business models and applications not yet created. As Zebec continues to innovate and grow its ecosystem, it invites developers and founders from around the world to join it in creating a more connected, efficient, and accessible financial future.
About Zebec
Zebec enables real-time and continuous streams of payments and financial transactions for payroll, investments, and more. It was founded in 2021, with investments from Circle, Coinbase, Solana Ventures, Breyer Capital, Republic, and Lightspeed Venture Partners, among others. Zebec already services hundreds of companies, running thousands of continuous payment streams and bringing the blockchain to our day-to-day lives.
Website | Twitter | Discord | Telegram
About Nautilus
Nautilus is a high-performance real-world payment modular chain. Using celestia and eigenlayer, It delivers high-speed and low-cost transaction processing with a secure and stable decentralized foundation.
Website | Twitter | Telegram | Medium
Contact
Elena [email protected]
255 days ago • cryptodaily
Beyond Instant Payments: Zebec Launches Modular L3 Nautilus for Scalable Payment Streaming
New York, USA, August 21st, 2023, Chainwire
Zebec has launched Nautilus, a modular L3 network that supports its blockchain-based global payment infrastructure. Nautilus enables continuous payment streaming and real-time payroll services on a previously impossible scale.
As a first-of-its-kind L3, Nautilus enables more than just instant payments. It can also facilitate Zebec Protocol’s live-payment streaming service at scale, made possible by the fastest EVM environment in web3.
Capable of parallel transaction processing, Nautilus is built for scalability, interoperability, and security through interchangeable modules for consensus, settlement, data availability, and transaction execution. This modularity will have a significant impact on how web3 payment infrastructure is composed and adopted.
"Zebec is helping to create a future where money moves more freely, providing individuals, businesses, investors, and teams with quicker and easier access to funds and tokens," said Zebec Founder Sam Thapaliya. "Launching the Nautilus Chain, and the new suite of products built on it, is a significant step towards our vision."
With Nautilus now live, Zebec’s team is set to bring single-side staking and DeFi yields online in select jurisdictions and power ZebecPay - its live streaming web3 payroll services. Zebec is also in the processof launching a traditional payroll app, WageLink, with a planned integration with Circle. With the Nautilus chain functionality, Zebec is able to offer crypto off-ramps directly linked to US bank accounts (via a partnership with CoinFlow) and roll out Zebec Card programs in Asia and Europe. These products and services will augment Zebec's existing services.
Zebec started as a continuous settlement protocol that enabled real-time payments, or payment streaming, allowing businesses to pay employees and partners in real-time in a tax-compliant way. However, the limitations of existing blockchain technology soon became apparent. Networks were either too slow or too unreliable to keep up with demand. To solve the issue, Zebec Labs created a next-generation blockchain: fast enough to facilitate payment streaming at scale, which could, critically, integrate with Ethereum-based chains.
Originally planned for Zebec’s core DeFi projects for internal payments and value/assets transfer, Nautilus testnet became one of the most prominent testnets in the crypto world. Having facilitated over 50 million transactions, with 400,000 wallets and 3,000 smart contracts deployed in its first 8 months, Nautilus chain has proven its utility and functionality beyond DeFi and opened to projects from other sectors, such as NFTs, Gamefi, etc., thus becoming a “general purpose” L3.
A huge upside to Nautilus’ modular system is that it gives developers the flexibility to configure the “chain stack” they use to build their dApps. A modular chain uses interchangeable modules for consensus, data availability, settlement, and execution. Each of these layers can be configured to developer needs or optimized based on the dApp being serviced. Especially at the execution layer, customized rollups can be deployed that optimize for privacy or scalability, or decentralization — whatever is required by the dApp.
Modular chains allow for infinite horizontal scaling and greater levels of interoperability. Since developers build from the same pool of modules, code is safer, more battle-tested, and easier to connect. More rollups and parallel chains can be deployed to increase block space and throughput effectively. Nautilus is a pioneer in this new type of blockchain, and its architecture will permanently change how blockchains are built and bring them into the real world.
At launch, Nautilus’ settlement layer is built using Solana’s VM, MOVE, and its execution layer on Neon EVM using Solidity smart contracts. Data availability is stored off-chain using Celestia. Nautilus' initial default execution layer will use optimistic rollups, but the team plans to transition to zkRollups for faster settlements, privacy, and even higher levels of scalability.
Nautilus is built with Celestia and Eclipse empowering modular chains. Through Celesita, Nautilus allows projects to tailor their consensus and settlement layers. Eclipse allows builders on Nautilus to deploy customized rollups on their execution layer.
The result is a chain with Soloana-like speeds but with the security and decentralization of Ethereum. According to its engineers, Nautilus has been tested up to 3,000 TPS, but the team expects the number to increase with the transition to zkRollups. By having such a high TPS, Nautilus chain provides a platform that can keep up with the demands of the real world, opening the door to decentralized markets for financial instruments and assets, such as stocks, bonds, real estate, and tokenized real-world assets.
Thanks to Nautilus, Zebec can now operate on a much larger scale. Businesses can pay employees and partners in real time through live payments or payment streaming. Zebec’s goal isn’t merely to provide more efficient payment services; it’s to onboard millions of new users through user-friendly, secure payment apps and new use cases.
Zebec’s innovation paves the way for pay-as-you-go payment plans for streaming services, car-sharing platforms, gyms, residential clubs, and more. It enables potential new business models and applications not yet created. As Zebec continues to innovate and grow its ecosystem, it invites developers and founders from around the world to join it in creating a more connected, efficient, and accessible financial future.
About Zebec
Zebec enables real-time and continuous streams of payments and financial transactions for payroll, investments, and more. It was founded in 2021, with investments from Circle, Coinbase, Solana Ventures, Breyer Capital, Republic, and Lightspeed Venture Partners, among others. Zebec already services hundreds of companies, running thousands of continuous payment streams and bringing the blockchain to our day-to-day lives.
Website | Twitter | Discord | Telegram
About Nautilus
Nautilus is a high-performance real-world payment modular chain. Using celestia and eigenlayer, It delivers high-speed and low-cost transaction processing with a secure and stable decentralized foundation.
Website | Twitter | Telegram | Medium
Contact
Elena [email protected]
276 days ago • cryptodaily
Uwerx Eclipses PEPE As It Reaches Hard Cap Presale
Uwerx, the new rising star in the freelancing space, has surpassed Pepe (PEPE), as it progresses successfully to reach its hard cap presale. The project is making waves in an industry set to be worth $455 billion by the end of the year.
This milestone shows the growing hype and potential of Uwerx, placing it as a formidable player in the crypto market. This article will explore Uwerx's impressive achievements and the factors that have led to its progress.
>>BUY WERX TOKENS NOW>BUY WERX TOKENS NOW<<
Uwerx (WERX) Is Secure, And Has Long-Term Prospects
The crypto market has seen many crypto projects that have risen and fallen rapidly, creating a significant hole in the pockets of investors. As a result, investors have become more strict and scrutinize tokens more thoroughly before investing.
Uwerx stands out because it has undergone thorough vetting and auditing by SolidProof and InterFi Network. These reputable entities have ensured transparency and security within the project and have given investors confidence and peace of mind.
The project’s team has taken proactive measures to protect investors from potential losses and ensure the project's integrity. They have locked the team's tokens for nine months, eliminating the possibility of rug pulls and demonstrating the team's commitment to long-term success.
In addition, when the project lists on centralized exchanges, the development team will renounce smart contract ownership, further safeguarding investors' interests. The team's tokens were locked on Wednesday, 7 June, and their token allocation was cut to 7% before getting locked, making room for more investors and distributing the project's benefits widely.
Moreover, adding to its security measures, the platform provides the Uwerx Vault as a security and staking option for users. By using the Vault can earn rewards, creating an incentive for long-term holding.
The Uwerx Vault is not the only offer that the project is giving. An amazing 15% purchase bonus is up for the take. This offer further incentivizes investors to maximize their returns and become a part of the thriving Uwerx community.
Uwerx Sets Pace For Community Governance
To ensure accuracy and user wallet verification, 98.2% of the community voted for a Test Airdrop initiative. The Test Airdrop proposal serves as a means to minimize the risk of mistakes. This proactive move emphasizes Uwerx's dedication to maintaining a secure and reliable platform for its users.
With the project in its fifth funding presale round, enthusiasts have shown significant support leading to remarkable growth and increased popularity. The Uwerx community has about 8,500 sign-ups, 2,200 Telegram members, and 1,800 Twitter followers and continues to grow rapidly.
For the fifth funding stage, the project has a substantial token allocation of seventy-two million and five hundred thousand tokens out of a total supply of seven hundred and fifty million tokens. The WERX token is priced at $0.0564. The rise of WERX has propelled it to eclipse popular coins like PEPE and SHIB, and it is anticipated to soon surpass DOGE. The hard cap presale is on 31 July, so investing early will be very beneficial.
By focusing on the freelancing ecosystem, Uwerx is well-suited to capitalize on the tremendous opportunities in the sector. Velocity Global reported that by the end of 2023, the freelancing economy is projected to be worth $455 billion. Utilizing an attractive position, Uwerx charges a low transaction fee of 1%, while other platforms charge high fees ranging from 10% to 20%.
The Alpha Version of the platform features essential pages such as Sign-Up, Login, and Forgot Password, as well as Freelancer or Client Initiation, My Activity, and Initial Steps of Finding Talent and Job Creation. Additionally, new pages like Freelancer Profile Creation, Settings, Application Boosting, and Milestones were added based on valuable user feedback.
Uwerx welcomes further input from users through [email protected]. The developers utilize an agile methodology that ensures rapid deployment and accelerated development through user feedback.
Excitingly, the development of the Beta version of the platform has started. As Uwerx increases its features and refines its offering, it is poised to become a leading player in the freelancing ecosystem.
The project will soon eclipse Pepe (PEPE), solidifying itself as a promising contender in the freelancing and crypto space. From its innovative Alpha platform to a thriving and growing community, Uwerx is poised for great success.
Join the community today and enjoy a 15% purchase bonus now!
Website: https://www.uwerx.network
Presale: http://invest.uwerx.network
Telegram: https://t.me/uwerx_network
Twitter: https://twitter.com/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.