cryptocurrency widget, price, heatmap
Search icon
Search icon
Telegram iconTwitter icon
Share icon
Share page
Cryptocurrencies/Coins/Project Galaxy (GAL)
Project Galaxy price, market cap on Coin360 heatmap

Project Galaxy(GAL)

Arrow icon
Add to watchlist
$3.7564
(8.33%)
0.00015481 BTC
Market Cap (Rank#218)
$132,080,187
5,443 BTC
Vol 24h
$632,858
26.0817 BTC
Circulating Supply
35,161,333
Max Supply
200,000,000
7h agocryptodaily
Creta, a next-generation metaverse gaming platform, sold its first private NFT collection in just under 26 minutes
Dubai, UAE — Creta, a metaverse gaming platform built with an application of the cutting-edge blockchain technology Locus Chain, has announced the sell-out of a private collection of NFT assets dubbed Genesis Pass on the 21st of July 2022. The collection of 500 NFTs available for private investors from the territory of South Korea has been purchased within 26 minutes after the official launch. Genesis Pass lives on Polygon L2 blockchain solution which shall further be swapped to native NFTs minted in the network of Locus Chain upon the live release of the mainnet of the blockchain, which is expected to occur by the end of 2022. The launch marked the release of Creta’s own marketplace solution that will serve as a library of NFTs linked to both in-game and metaverse assets that will be available for acquisition and listing by the players once the games and the marketplace go live. The collection is poised to reward the early birds, who managed to recognize the potential of Creta at the early stage of its development, with benefits related to the mint price, the number of NFTs that can go in one hand, and other in-game perks in the future. The collection of 500 NFTs is split into 10 tiers, offering premium land ownership rights, enhanced avatar skin customization, and Genesis Credits that will be airdropped to the holders of Genesis Pass NFTs with an option to be swapped to Creta’s utility token Creta Coin. The token is pegged to the value of USD and enables transactions between users on the marketplace. Following on the success achieved by Genesis Pass, Creta aims to announce more NFT sales, providing the community with an opportunity to acquire these assets. The next sale, scheduled in the early autumn, is expected to feature assets linked to the land of the sci-fi metaverse world to be released in the metaverse called Dayroot. Website:https://www.creta.world/ Discord: https://t.co/BUh2WKOGzt Twitter: https://twitter.com/CRETA_WORLD 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
9h agocryptodaily
German Crypto Bank Nuri Files for Insolvency
Nuri, a cryptocurrency-focused digital banking platform announced it has filed for insolvency in Germany on Tuesday, citing the prolonged crypto winter. The company has assured that customers' access to the platform’s services and their funds have not been affected. The 2022 bear market has claimed yet another victim. On August 9, the German crypto exchange Nuri filed for insolvency before a Berlin court citing the prolonged bearish cycle the crypto market has undergone since the beginning of the year, saying the move was “necessary to ensure the safest path forward for all our customers.” Although insolvency often leads to bankruptcy, according to Reuters, unlike other crypto firms to have declared insolvency this year, Nuri has not halted customer withdrawals to their euro accounts and crypto wallets. Users are still able to move their funds. The company was forced to make this decision following unsuccessful attempts to secure a new funding round. The company said in a statement, All funds in your Nuri accounts are safe due to our partnership with Solarisbank AG. The temporary insolvency proceedings do not affect your deposits, cryptocurrency funds, and Nuri Pot investments which have been done with us. Nuri, formerly known as Bitwala, has been operating since 2015, offering users the convenience of a regular bank account combined with Bitcoin and Ethereum wallets. The platform also offers saving plans via recurring Bitcoin purchases, as well as its recently launched Nuri Pots, a collection of different exchange-traded funds and other investment products. Explaining the reasoning behind the decision to file for insolvency, Nuri said it has been facing a “lasting strain” on its business liquidity in 2022 due to “significant macroeconomic headwinds” including the COVID pandemic and Russia’s invasion of Ukraine along with “the cooling down of public and private capital markets.” The company said, Additionally, various negative developments in the crypto markets earlier this year, including major cryptocurrency sell-offs, the implosion of the Luna/Terra protocol, the insolvency of Celsius and other major Crypto funds have led to a crypto bear market. The insolvency filing comes just two months after CEO Kristina Walcker-Mayer, announced the company was letting go of 20% of its employees “to shift our strategic plans towards earlier profitability to adapt to the new reality in the financial markets.” “All Funds Are Safe” On the FAQ page regarding the insolvency, Nuri said it will work out the next steps in the process with the help of an insolvency administrator, but stressed that “all funds are safe.” The company said that assets in crypto wallets and vaults remain available and may be withdrawn and traded at any time, indicating that it “does not have access to the coins and/or the private keys in users’ vaults.” Nuri also made it clear that custodial wallets are operated by Solaris Digital Assets GmbH (SDA), meaning that it does not handle customers’ crypto funds and fiat. The platform’s mobile application remains available allowing users access to their bank accounts via the app. Nuri users are however still unavailable to withdraw funds from their Bitcoin interest accounts as they were launched in partnership with the now-defunct cryptocurrency lending platform Celsius. The platform says, The Celsius withdrawal freeze remains unchanged, and the withdrawal function remains inactive. 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.
10h agocryptopotato
Hotbit Freezes Withdrawals Following Subpoena of Senior Managers
A former Hotbit employee’s actions have sparked a legal investigation at the exchange, with law enforcement freezing some of the company’s assets.
10h agocryptodaily
Reddit Continues Web3 Efforts With FTX Partnership
The partnership with FTX will enhance the user experience on the Community Points project for over 400 million monthly active users on the Reddit platform. FTX Pay Joins Reddit’s Community Points Project On Tuesday, FTX announced its global partnership with social media network Reddit to roll out the tokenized Community Points program. FTX is acting as a third-party service provider through its FTX Pay feature. In its statement, FTX noted, “We are excited to help bring Reddit’s vision to life and help communities break free of walled gardens and take ownership of their existence online. We welcome you to check out Community Points!” The project, announced in 2020 as a novel way to empower Redditors, has finally gone live with its beta version. After the NFT Avatar feature, the Community Points will allow users to “own a piece of their community” by adding a custom token to their subreddit. It also opens up opportunities for earning rewards, creating more quality content, and unlocking special features. FTX Pay To Top Up Funds On Reddit Vault FTX Pay is a regulated crypto payments service managed by FTX. As a Reddit partner, the FTX Pay feature is integrated into the Reddit Vault wallet app for users to top up their insufficient funds. Even though Community Points cannot be bought, they can be gifted; and FTX Pay enables a simple method of buying additional ETH to pay the Ethereum network “gas fees” to collect airdrops. Upon detecting insufficient funds, the app automatically prompts the user to redirect to FTX, where they can buy ETH via credit or debit card after completing authentication. The project is being rolled out step-by-step, with the r/CryptoCurrency and r/FortnightBR subreddits being the first to experience it. Since it is still very much an opt-in feature, other subreddit moderators can sign up on a waitlist to join the project, More About Community Points These Community Points are ERC-20 tokens on the Arbitrum Nova blockchain, which are burned and removed from circulation once used. Unlike most other tokens, Points cannot be bought; they have to be earned through contributions like creating content and moderating subreddits. According to the official sub on Reddit, “Communities are the lifeblood of the Internet. But on today's Internet, they are not in charge of their own destiny. Instead, they are controlled by the large platforms that hold all the power online. It is time for a change. Community Points are the first step towards a different future for online communities. These tokens live on the blockchain, which means they are truly owned by the community. Over time, your community will benefit from even greater control and independence — on and off of Reddit.” Furthermore, different Reddit communities can customize the Community Points tool to create tokens with new names, symbols, distribution rules, and purposes. Subreddits can also use them for community governance and moderation purposes, as well as for unlocking premium features. 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.
11h agocryptodaily
BTC/USD Remains Drawn to 23185 Technical Level: Sally Ho's Technical Analysis 11 August 2022 BTC
Bitcoin (BTC/USD) awaited fresh technical clues early in the Asian session as the pair continued to orbit the 23185.97 level, an upside price objective related to buying pressure that emerged around the 17567.45 and 20715 areas. Bulls are looking for a sustained break above the 23522.69 area, a level that represents the 78.6% retracement of the depreciating range from 24287.13 to 20715. BTC/USD has traded sideways since the beginning of August following July’s 15.3% gain and a 66.7% pullback through the end of July. The recent move higher to the 24666 area was a test of the 24558.33 level, representing the 50% retracement of the depreciating range from 31549.21 to 17567.45. Additional upside retracement levels in this depreciating range include the 26208, 28249, and 28557 areas. Additional upside price objectives and areas of potential selling pressures include the 25552, 26323, 26411, 26901, 27126, 27455, 28426, and 29669 areas. Below recent price activity, possible technical support and areas of buying pressure include the, 22582, 22141, 21596, 20446, 19852, and 19762 levels. Additional significant technical areas on the downside include the 16990.14, 14500.15, and 10432.73 areas. Traders areobservingthat the50-bar MA (4-hourly)isbullishly indicating above the 100-bar MA (4-hourly)andabove the200-bar MA (4-hourly). Also, the 50-bar MA (hourly) is bearishly indicating below the 200-bar MA (hourly) and above the 100-bar MA (hourly). Price activity is nearest the50-bar MA(4-hourly) at 23141.79 and the200-bar MA(Hourly) at 23263.47. Technical Supportis expected around16990.14/ 14500.15/ 10432.73 withStopsexpected below. Technical Resistanceis expected around25256.96/ 27455.20/ 32383.96 withStopsexpected above. On4-Hourlychart,SlowKis Bullishly above SlowDwhileMACDis Bullishly above MACDAverage. On60-minutechart,SlowKis Bearishly below SlowDwhileMACDisBullishly above MACDAverage. Disclaimer: This trading analysis is provided by a third party, and 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.
11h agocryptodaily
Anonymous Tornado Cash User Dusts Celebs
An anonymous user has been sending small amounts of Ethereum via Tornado Cash to hundreds of public wallets in the U.S., including popular celebrities. Flouting Tornado Ban An act of rebellion or just random trolling - the antics of the anonymous user have wrongfully implicated celebrities like Jimmy Fallon, Logan Paul, and Steve Aoki in a regulatory mess. These are just a few of the many celebrities who were sent ETH via the now-banned Tornado Cash by this anonymous troll. The user seems to be blatantly flaunting the transactions in the face of the government’s decision to ban the crypto mixer. Some other wallets that have received ETH from this user via Tornado are that of Coinbase CEO Brian Armstrong, clothing brand Puma, Ukraine crypto donation fund, artist Beeple, and comedian Dave Chappelle. Treasury Sanctions Tornado Cash On Monday, the U.S. Treasury Department’s Office of Foreign Asset Control (OFAC) imposed a ban on Tornado Cash for its role in money laundering. The mixer protocol allows users to pool funds and obfuscate the origin of any transaction, making it the ideal tool for illicit activities. The Tornado Cash mixer has been implicated in several major hacks, allowing the perpetrators to muddle the wallet trail. It has been the mixer of choice for the infamous North Korean hacker group, Lazarus, which has siphoned away billions of dollars worth of crypto over 2021. The ban imposed by the Treasury department decrees that all U.S. persons and entities are prohibited from interacting or conducting any transactions with Tornado Cash. Imposed Sanction Is Pointless The word around the block is that this ploy intends to point out the absurdity of imposing a sanction on a mixer tool, as users cannot decline incoming funds from such tools. By sanctioning Tornado Cash, U.S. citizens are now legally required to block incoming transactions from their wallets. However, it is impossible to block an incoming transfer on-chain. Therefore, they would have to block addresses that have already sent them these funds through the mixer tool, a process only viable for exchanges or similar businesses. As the matter stands right now, because of these transactions, all these celebrities and popular brands have now interacted with Tornado Cash, thus flouting the Treasury’s sanction. It remains to be seen if the government will take action against these public figures due to something outside their control. 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.
11h agocryptodaily
Layer-1 Blockchain ‘Injective’ Raises $40M in Funding Round Led by Jump Crypto
Injective has managed to raise $40 million in a private token sale led by Jump Crypto according to reports from Tech Crunch. Brevan Howard Digital, the cryptocurrency arm of British billionaire hedge fund manager Alan Howard, also took part in the funding round. The capital was raised by Injective and Injective Labs, a software development firm that supports the blockchain, to add new stockholders to the ecosystem. The platform aims to optimize and build decentralised finance applications such as exchanges, derivatives, prediction markets, and options. The platform also produces financial decentralised applications (dApps). Through Injective, founder Eric Chen aims to create an Ethereum virtual machine-compatible blockchain specialized in decentralised finance use cases. Chen said, This is a fundamental piece of innovation and a fundamental paradigm shift that no one wants to be excluded from or too late on adopting. This is why we’re so excited – those who are making large efforts and commitments are innovating forward. Chen added that the new funds will be used to support incoming Injective developers as well as build critical toolkits, support software, and core upgrades to expand its ecosystem. The capitals will also allow Injective to increase utility for its native token, INJ, and will provide liquidity and support to dApps on its blockchain. The raise will also support a broader effort to bring on more institutions and provide greater liquidity to DeFi according to Chen. He added, The ecosystem is institution-ready and excited for sophisticated liquidity coming in as well. It’s a synergetic effort for broader adoption. According to Chen, in recent times there has been greater interest in DeFi and activity from traditional institutions and the traditional finance sphere, noting, This is definitely shown with financial service providers like investment banks, brokerage firms and asset managers regardless of market conditions. Despite the crypto market still finding itself in troubled waters, the price of Bitcoin remaining below $25,000, and start-up valuations are down across the board, Chen thinks now is the optimal time to raise capital, saying, We want to go against what the current trend is. We want to be in the best position possible during a bear market to build and support new incoming developers and capture those opportunities. 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.
12h agocryptodaily
Vitalik Buterin Defends Tornado Cash Use Cases Amid U.S. Sanctions
Days after the U.S. government announced sanctions against crypto mixing platform Tornado Cash, Ethereum co-founder and alpha developer Vitalik Buterin opined on the matter, defending the platform's use case for legitimate contexts. According to Buterin, Tornado Cash is an example of a platform that can be used for legitimate use cases, such as donating to causes that are politically contentious. Buterin, for one, admitted that he has used the platform to donate to Ukraine, which has been needing aid from the international community due to its present geopolitical conflict with Russia. I'll out myself as someone who has used TC to donate to this exact cause. — vitalik.eth (@VitalikButerin) August 9, 2022 Donations in solidarity with Ukraine's predicament have poured in from around the world, and the concern with regards to the privacy measures in place for doing so have abound since then. Crypto mixing platform Tornado Cash has been identified as one of the key services used for this purpose. In recent weeks, the U.S. Department of Justice (DoJ) has been scrutinizing crypto mixer services such as Tornado Cash for possible links to criminal activity, leading to the U.S. Treasury instituting a ban for alleged laundering of "proceeds of cybercrimes," among other reasons. The U.S. Treasury's Office of Foreign Assets Control (OFAC) has placed Tornado Cash on its sanctions list, meaning that any crypto addresses associated with the platform are now blocked from receiving crypto from U.S.-based wallet services or exchanges. The OFAC has also warned that Americans who transact with sanctioned entities could face civil or criminal penalties. Despite this, Buterin argued that crypto mixers like Tornado Cash can still be used for legitimate purpose. This move by the U.S. government is seen by the crypto community as yet another attack on crypto privacy and consumer privacy rights in general, with some even going so far as to call it a declaration of war against crypto users who value their privacy rights. "Wanting to donate to Ukraine is a great example of a valid need for financial privacy. On this note, curious if there are documented examples of TC having been used for this," shares Jeff Coleman, co-founder of Counterfactual. As a smart contract mixer built on Ethereum, Tornado Cash was built with privacy and security as its first principles, with its code fully open sourced and community-controlled. No single entity can manipulate the platform and decide on its evolution. The Tornado Cash platform relies solely on a decentralized decision process to forward upgrades to its protocol, ensuring that the protocol lives on without interference from bad actors. According to the U.S. Treasury alleges that the platform “has been used to launder more than $7 billion worth of virtual currency since its creation in 2019,” including some $455 million stolen by the infamous Lazarus Group, a group of threat actors involved in recent DeFi heists. Sources from the U.S. state intelligence service also point to the DPRK (Democratic People's Republic of Korea) as the state sponsoring this said group. Tornado Cash has disclosed that its operations have also been affected since the ban, despite the sanctions only going for the U.S. jurisdiction. According to its co-founder, Roman Semenov, his GitHub account has been suspended, with resources for the platform also being suspended. This includes the platform's smart contract addresses linked to Circle (for stablecoins) and for the Infura RPC (for its Web3 gateways). These sanctions have sent shockwaves across the industry, prompting discussion among policy and lobbying groups. Jerry Brito, executive director at Coin Center, says that the sanctions were implemented on a tool that was designed to be neutral in character. Coin Center is a non-profit that works for the benefit of pushing policy issues in the crypto sector. Blockchain Association's Head of Policy, Jake Chervinsky, opined that despite their association's support for the U.S. Treasury's rationale for the sanctions, they reserve some concern over the fact that the ban "crosses a line that the US government has always respected [and] should continue to uphold as a matter of good policy." According to Chervinsky, the decision "to sanction a decentralized protocol, threatens that smart [and] balanced approach to crypto," referring to the Treasury's previous decisions which have largely been supportive of the crypto sector. 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.
13h agocryptodaily
Is Play-To-Earn Dead?
With around $300 Billion floating in the market, gaming stands as one of the most significant industries and with GameFi averaging $175M, lots of potential for expansion! The rise and fall of notable titles like Axie and more have resulted in the emergence of dominant ‘play-to-earn’ and ‘play-and-earn’ models. But with the emergence of dilemmas, which of them is better? Which of them is sustainable? Feasible? Or even valid anymore? Most play-to-earn games known so far revolve around the idea of players grinding with repetitive actions to make profits, something that doesn’t portray the essence of fun and entertainment, the core values of a gamer. Play-and-earn, on the other hand, accentuates more engaging and entertaining games as in-game time is monetised. Gamers can also have a real-life impact on character development and more by implementing DAOs. Some examples of P2E or P&E - and how it doesn’t focus on the actual gameplay, value add or anything like that, but rather just hours of grinding for little money with no good game experience. The Pains and Problems Beyond prepositions and conjunctions, the paradigm explains not just the semantics but also the business models and core values behind the famous terms. GameFi at the moment is not designed for gamers - which is the underlying problem, and no systems can host a genuine grade AAA on the blockchain. Being nothing more than a “gig” or a “nuisance” to earn some extra cash is not the narrative GameFi would like to see itself in. Traditional games offer stimulated economies for players driven by stories and characteristics controlled by the publishers. These games do not provide a market to trade or liquidate assets within the said economies, while the Play-to-Earn titles lack the elements that would make them fun, engaging and compelling. The two sides to a coin can identify both sectors with a set of drawbacks and improvement areas. “There is no ownership if you can’t sell it - and it’s not worth owning if it isn’t appealing enough, and that’s a pressing issue. Bridging the gaps between Web2 and Web3 primarily comes from asset ownership, mechanics and usability”, says Adria Mir, Gaming & Blockchain Expert at G4AL and Elemental Raiders. Traditional ‘free-to-play’ or ‘pay-to-play’ models only provide entertainment and experience out of the games or assets purchased and consider the investment a sunk cost. Because of the centralised nature of traditional games, the assets can be changed or taken away anytime by the operator or game publisher. In a worst-case scenario, if the publishers or studios go out of business, players can lose all their assets before getting the entertainment value out of it. The most recent example was Telltale Games’ shutdown which left The Walking Dead’s final season incomplete. Web3 or ‘play-to-earn’ games, on the other hand, do provide the ownership as opposed to traditional games, with no threat of players losing their assets even if publishers go out of business. However, given recent history, it is easy to imagine the extreme inflation and fleeting deflation of play-to-earn or play-and-earn games when the core value of gamers and their communities are taken out of the equation. Where Does the Future Lie? With all that in hand, are play-to-earn, play-and-earn and most other models dead? There is a need for a model that focuses on the best of both worlds. Many Web3 scholars accelerate different terms daily, but one has been prominent and has had a substantial impact. ‘Play-to-Own’ focuses on decentralisation, control and ownership first and foremost, which is one of the essential factors and foundations of blockchain and web3. But is that enough to convince the hardcore fans of Elden Rings, Call of Dutys’ and Web2 gamers alike? You’re right! - Probably not! Said differently, the “ownership revolution” stays at the heart of what GameFi and the so-called ‘AAA blockchain games’ are trying to achieve, but so should the increasing need to host and build a game that serves the mechanics, gameplay and UI/UX of a console-quality title. It raises the question of platforms built on blockchain being capable enough to host a game of that stature, Former First VP of King Studios thinks yes: “We’re building G4AL as a game studio to host the quality of games that first and foremost suits what Web2 gamers are used to, giving ownership to what they play, low entry barriers, and the ability and a monetary exit button which allows them to ‘play-to-own’ or ‘play-and-earn’.” Play-to-Own has the potential to be applied to any game, may they be Web2 or Web3, which in turn can increase the customer lifetime values, engagement ratios and retention rates. Instead of forcing users to buy-in set NFTs or assets to the game, it can potentially open up a plethora of in-game revenue streams. Creating higher value in games that allow ownership and low entry risk can enable players to choose these games over traditional models or P2E models as they get both ownership and security as well as long-term retention. 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.
14h agocryptodaily
Fetch.Ai CEO Humayun Sheikh discusses Web3, Blockchain AI & ML
In this article, we are interviewing Humayun Sheikh, CEO and Co-Founder of Fetch-ai Network about how AI/ML technology can leverage blockchain, Fetch-ai Network's ecosystem, and the role of AI in the Web 3.0 revolution. Hello Humayun! Thank you for participating in this interview. Could you introduce yourself to our readers? I am an entrepreneur, investor and a tech visionary, who is passionate about technologies such as AI, machine learning, autonomous agents, and blockchains. I was a founding investor in DeepMind where I supported commercialisation for early-stage AI & deep neural network technology. DeepMind was ultimately acquired by Google for $650m in 2014. In 2017, I saw the opportunity at the intersection of blockchain, AI, and autonomous agents that. This is my fourth major venture. At Fetch.ai we are building the world's first peer-to-peer connectivity platform that aims to bring autonomous agents and AI capabilities - Open CoLearn, Axim and Dabbaflow products, on our blockchain based ledger - Fetch-ai Network How did you come up with the idea of merging AI/ML with blockchain technology? Blockchain brings the tenets of immutability, resiliency and decentralization. Once code in the form of smart contracts was able to use these tenets, it was logical for us to start building multi-stakeholder agent-based automation and AI/ML capabilities that are the cornerstone of the Fetch technology. We see the opportunity for our technology to leverage blockchain, cryptography and privacy-preserving primitives to solve complex coordination problems in a truly peer-to-peer fashion that will be devoid of centralized rent-seeking that is plaguing Web 2.0. What kind of applications do you foresee using Fetch-ai Network's ecosystem? The crypto asset market is relatively young when compared to assets in the traditional financial system. This is reflected in the relative lack of liquidity for the crypto assets when compared to the traditional assets, which took multiple decades to develop and get to the current levels of liquidity. Therefore, in the near term, it is fair to expect Decentralized Finance (DeFi) based applications to lead the charge as the primary use case for blockchains and crypto. We also expect DeFi to progressively bring new users in the blockchain and crypto fold. Particularly, we see an opportunity for apps offering real-world asset-backed stablecoin loans. Beyond DeFi there are opportunities in other consumer-facing apps such as decentralized delivery networks, Move2Earn apps, decentralized and privacy-preserving file-sharing, and other apps that will unlock truly peer-to-peer gig economies. MEXC and Bybit recently announced a $150M Fetch-ai Network Development Fund. Can you tell our readers about this Fund? The development fund is aimed at growing the Fetch-ai Network ecosystem by sponsoring DApps that will leverage the various tools for building decentralized applications that would increase the utility of the network. The development fund would be particularly interested in DApps that can not only serve a specific domain but can also become a building block for other DApps to have a multiplier effect on increasing the utility of the Fetch-ai Network. Can you shed some light on how you see the role of AI and Fetch-ai Network in Web 3.0? Web 3.0 is aiming to harness the true power of the interconnected web of computers to enable true peer-to-peer digital economies. There will however be a transitional phase where the w2.0 will embrace w3.0 ie W2.5.At Fetch-ai Network, we see our role as the infrastructure provider that leverages technologies such as blockchain, multi-agent frameworks, and AI to accelerate development and deployment of such peer-to-peer applications. We believe that our Fetch-ai blockchain network and automation using our Autonomous Economic Agents (AEAs) which can also be leveraged for off-chain interactions (not using the blockchain) will provide highly actionable datasets that can be leveraged by our AI tools to create more advanced peer-to-peer applications. How is Fetch-ai Network ready for the Web 3.0 revolution? We have our own Fetch-ai blockchain network that is based on the modular Cosmos SDK technology. DApp builders can write more secure Cosmwasm-based smart contracts in the Rust programming language. Our network is a Proof of Stake blockchain that has low transaction fees, instant transaction finality and is more environmentally sustainable than a first-generation Proof of Work blockchain such as Bitcoin. Our network also communicates with the other networks in the Cosmos ecosystem using the Inter Blockchain Communication (IBC) protocol. And soon it will be able to communicate with other popular ecosystems such as Ethereum, Polygon, Solana, Avalanche, and Polkadot. Besides our network, our key differentiators are our Autonomous Economic Agents (AEAs) that can not only help with automation but also enable peer-to-peer off-chain communication. Fetch-ai Network’s products such as Open CoLearn, Axim and Dabbaflow provide privacy-preserving decentralized federated learning capabilities to all DApps on the Fetch-ai Network. Can you share some insight into the unique ecosystem around the FET token? The FET token forms the backbone of the Fetch-ai Network and will be the fuel to power all applications being deployed on Fetch-ai Network. I would like to highlight some key Fetch-ai Network ecosystem projects: Open CoLearn a decentralized federated learning network, Dabbaflow a decentralized privacy-preserving file-sharing application, Fetch.ai app for unlocking peer-to-peer digital economies, Mobix a Move2Earn app, Resonate Social an AI-powered social media app, BotSwap a DeFi automation app, and Mettalex a decentralized commodities derivatives exchange. Beyond this, we are also collaborating with many large enterprises on multi-stakeholder and multi-year projects that will leverage many of our technology components. We also have many new exciting applications that are going to launch in the next few months. What are your top priorities for the quarter, for the year? Our priority this year is to underline all our tooling to the community of builders. We want to make it easy for them to create their DApps, so they can focus on solving their real-world use cases. We also want to focus on building end-user products that will lower the barrier for non-crypto natives to use our technology. In the coming months, we will also start enabling our technologies within our Fetch-ai Network Wallet. We see the wallet in the same vein for Web 3.0 as the browser is for Web 2.0 and as an important tool to attract new entrants in the space. It was great to talk with you and hear your insights! Thank you so much! 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.
14h agocryptodaily
Blockchain Network Platform Capabilities for Businesses, Applications and Enterprises
Enterprise-grade blockchain networks were born out of a necessity to provide solutions to the numerous challenges facing both consumers and enterprises amid a rapidly changing technological landscape. The rate of growth in the FinTech space has the dangerous potential to leave projects behind if they don’t keep pace with innovation, and that’s why developers are busy anticipating future developments, and implementing solutions to their problems in the here and now. Building the Future of Web3 Smart-contract usage revolutionized the blockchain space, and introduced us to the concept of DeFi and GameFi, but the utility of smart-contract transactions may soon be past its peak. Some projects are building a comprehensive, service-oriented architecture that allows network users to interact and transact directly. By building second-level protocols atop dedicated enterprise services like these can allow projects to side-step the common reliance on smart-contracts thanks to built-in payment systems and private shard chains. These services deliver all the features and functionality that users expect from a public blockchain network while cutting down on smart contract usage by around 90%, and retaining the security and privacy of enterprise-specific infrastructure. This results in cheaper transactions for users, and a greatly simplified development path for developers. What’s more, by removing the reliance on smart contracts, such services effectively cut out a major attack-vector which has plagued numerous popular blockchains to date. Blockchain-in-a-box solutions give enterprises a plug-and-play entry to the blockchain space - one prepared to handle applications spanning the finance, gaming, and information technology industries, and more. Thanks to the use of quantum-secure cryptography tools, enterprises get the assurance they need to launch long-lasting projects which stand the test of time.Simplicity and Composability Simplicity is key to onboarding new users and enterprises to a technology that has the potential to revolutionize a plethora of industries. In search of simplicity, many projects are foregoing complex network infrastructures and programming languages in favor of building from the ground up using common code like C, without any reliance on third-party protocols or services. Low-level architecture makes blockchain easy for other operating systems to interact with. One can easily envisage such networks being used in tandem with the simplest of consumer hardware - smart fridges, for example - because the technology is built on simple foundational principles and code. Software Development Kits (SDK) like the Cellframe SDK allows developers to build applications dedicated to a range of emerging industries - not least the gaming industry. Developers can use SDKs to easily create fair game worlds that encompass PvP (Player vs Player) and PvE (Player vs Environment) game modes, while ensuring that cheaters are exposed and removed from the network thanks to in-built security measures. Ultimately, Cellframe enables the construction of safe, secure, lightning speed blockchain networks that support the creation of distributed networks like VPN, CDN, cloud computing and video streaming platforms. Whereas most blockchain protocols which rely on a network of nodes to upload external data to the blockchain, Cellframe requires no such external or third-party service. Interoperability and Gaming Future-proofing technology involves helping projects build as close to the hardware layer as possible, removing all that is unnecessary, and simplifying the process for the end user. Since Cellframe acts as a zero-layer protocol made with compatibility and interoperability as prime objectives, Cellframe will eventually have full compatibility with WASM (Web Assembly) and EVM (Ethereum Virtual Machines), creating true interoperability between Cellframe and a range of internet and blockchain apps, services and networks. This will prove particularly relevant to the GameFi (gaming finance) space, as the end user will be able to traverse various disparate gaming worlds without having to create new sign-ups for each one. Bespoke governance solutions also make Cellframe ready for enterprise adoption, as it sidesteps many of the problems commonly encountered by blockchain projects. The Cellframe token (CELL) is emitted based on the votes of its community of DAO participants, meaning the community gets to decide on the most appropriate issuance rate for CELL. This means the protocol can’t be changed on a whim by developers. Furthermore, truly decentralized dApps (known as t-dApps) don’t allow for a single address to be in control of large CELL holdings at any one time. Rather, wealth is distributed among network participants to ensure network security, while removing any potential single points of failure. Enterprise tools are not lacking in the blockchain space; they are just waiting to be applied creatively. 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.
1 day agocryptopotato
Mike Novogratz Uncertain Whether Bitcoin Can Surpass $30K Soon
Galaxy Digital's CEO would be happy if bitcoin stays between $20,000 and $30,000 for a while.
1 day agocoindesk
Kazakh Authorities Arrest 23 Suspected of Forcing IT Professional to Run an Illegal Crypto Mine
The country is still grappling with the illegal crypto mining industry.
2 days agocointelegraph
Trend Micro calls out vulnerabilities in metaverse security development
"Illegal or criminal activities are likely to flourish in the darkverse since it will be difficult to track and monitor," says Trend Micro.
2 days agocoindesk
Galaxy Digital Q2 Net Loss Jumps to $554.7M
The massive jump in losses was mainly due to the crypto market downturn and on investments in their trading business.
2 days agocryptopotato
Hashstack Has Made the Switch to Starknet
[PRESS RELEASE – Bengaluru, India, 8th August 2022] Hashstack is thrilled to announce its strategic shift to Starkware developed Starknet — the first general-purpose permissionless Decentralized ZK-Rollup, to deploy Open — Hashstack’s money-market protocol to enable secure, under-collateralised loans on the blockchain. With this, Hashstack shifts its focus from EVM chains to zk-primitives to further its mission to build […]
5 days agocointelegraph
Argo Blockchain keeps cashing out BTC to pay the debt to Galaxy Digital
After selling 887 Bitcoin in July, Argo cut its outstanding balance under the BTC-backed loan to just $6.72 million.
6 days agocointelegraph
Portuguese banks shutting crypto accounts citing risk management concerns
The Bank of Portugal has licensed all of the exchanges that have had their accounts closed, including Criptoloja, Mind The Coin and Luso Digital Assets.
6 days agocointelegraph
Tourists flock to El Salvador despite Bitcoin bear market
El Salvador, the first country to adopt Bitcoin as legal tender, has seen explosive growth in tourism numbers in the first half of 2022.
6 days agocryptopotato
U-Turn: Major Portuguese Banks Close Crypto Accounts (Report)
Banco Comercial Portugues and Banco Santander and other smaller financial institutions in Portugal reportedly closed crypto exchanges' accounts.
7 days agocryptopotato
Galoy Launches “Stablesats” Bringing US Dollar Balances to Lightning Network
The firm's new "Stablesats" feature requires neither stablecoins nor fiat currency to facilitate dollar-based transactions.
7 days agocoindesk
Banking Platform Galoy Raises $4M for Bitcoin-Backed Synthetic Dollar
Stablesats lets people use Lightning for everyday payments without exposure to short-term volatility.
7 days agocointelegraph
What are crypto pump and dump groups? Are they legal?
Self-organized teams that support crypto scams on Discord or Telegram are not illegal in the crypto market except in regulated exchanges.
8 days agocointelegraph
Kim Kardashian legal team files motion to dismiss EthereumMax crypto lawsuit
Kim Kardashian's lawyers filed a joint motion to dismiss the class-action complaint against the American businesswoman for promoting an alleged 'pump and dump' crypto token.

About Project Galaxy

The live price of Project Galaxy (GAL) today is 3.7564 USD, and with the current circulating supply of Project Galaxy at 35,161,333 GAL, its market capitalization stands at 132,080,187 USD. In the last 24 hours GAL price has moved 0.1706 USD or 0.05% while 625,370 USD worth of GAL has been traded on various exchanges. The current valuation of GAL puts it at #218 in cryptocurrency rankings based on market capitalization.

Learn more about the Project Galaxy blockchain network and how it works or follow the price of its native cryptocurrency GAL and the broader market with our unique COIN360 cryptocurrency heatmap.


Project Galaxy Price3.7564 USD
Market Rank#218
Market Cap132,080,187 USD
24h Volume632,858 USD
Circulating Supply35,161,333 GAL
Max Supply200,000,000 GAL
Yesterday's Market Cap130,227,096 USD
Yesterday's Open / Close3.5331 USD / 3.7037 USD
Yesterday's High / Low3.737 USD / 3.4225 USD
Yesterday's Change
0.05% ( 0.1706 USD )
Yesterday's Volume625,369.56 USD
Select...
/
Select...
Powered by  Cryptocurrency prices in USD, market cap, volume
Sorry, no liquidity for this pair
Arrow icon