88 days ago • cryptopotato
Blocksquare Announces Major Listing of its Native Governance Token BST on BitMart
[PRESS RELEASE – Ljubljana, Slovenia, January 22nd, 2024] Blocksquare, creator of the world’s top blockchain-based tokenization platform for the real estate industry, announced that its native governance token BST (Blocksquare Token) will be available to trade on the BitMart crypto exchange platform from January 24. The listing is a major milestone that promises to kickstart […]
92 days ago • cryptopotato
Introducing .box – The World’s First Blockchain Native, DNS Routable Domain
[PRESS RELEASE – Toronto, Ontario, January 18th, 2024] .box is bridging Web3 and Web2 Breaking new ground in the domain name industry, My.box Inc. announces the upcoming launch of its Public Beta on January 18th, 2024 at 12:00 PM ET. This kicks off public availability of the first ever domain name system supported natively by […]
112 days ago • cryptopotato
Bitcoin Bull Run Temporarily Halted as Altcoin Season Kicks In: This Week’s Crypto Recap
The past seven days saw the total cryptocurrency market capitalization increase by close to $20 billion, and it currently stands at $1.75 trillion. The interesting bit is that all of the gains come on the back of an increase in the altcoin market, rather than Bitcoin, which failed to perform as well. In fact, Bitcoin’s […]
147 days ago • nulltx
Ethereum Layer 2 Blast Kicks Off With A Bang, Surpassing $109M In Total Value Locked (TVL)
In a notable stride towards enhancing Ethereum’s scalability, Ethereum Layer 2 Blast has made its debut in early access mode. With substantial financial backing of $20 million from investors such as Standard Crypto and Paradigm, Blast aims to set the stage as a frontrunner in Ethereum Layer 2 solutions, introducing an innovative native yield model. […]
242 days ago • cryptodaily
Bitcoin’s Own NFTs; How Ordinals are Turning Crypto Upside Down
One of the most oft-cited motivations behind the creation of Ethereum was the desire to introduce programmatic functions that weren’t possible on Bitcoin. In simple language, Vitalik Buterin and his fellow co-founders of Ethereum wanted the blockchain to be able to do things other than just send payments, which was Bitcoin’s primary and only use-case at the time.
Fast forward eight years, and now Bitcoin is able to do all kinds of things that it couldn’t before. Some projects have made Bitcoin compatible with smart contracts, enabling it to be used with the plethora of dApps in the decentralized finance (DeFi) space, and even allowing NFTs known as ‘Ordinals’ to be created on Bitcoin for the first time.
Enter Ordinals - Bitcoin’s Own NFTs
The success of Ordinals - which inscribe immutable data, such as texts, images and audio - onto a satoshi (the smallest unit of BTC) has been immense. Upon launch they clogged up the Bitcoin blockchain, causing exchanges such as Binance to temporarily halt withdrawals and bringing the Bitcoin network to a grinding halt.
The impact of Ordinals was also felt off the blockchain. The idea of using the Bitcoin blockchain to create what is essentially an NFT (Ordinals share the same characteristics of immutability and non-fungibility) caused a rift between developers in the Bitcoin space. Bitcoin was supposed to be a payment network, said one faction. While others lauded this newfound ability to have the same kind of functionality, customization options, and value creation that they’d seen in the Ethereum ecosystem for years.
While developers continue to debate the merits of Ordinals, users in the crypto space have apparently embraced them with open arms. Bitcoin Ordinals trading volume rose by an astonishing 2,834% leading into Q2 of 2023, climbing to $210.7 million. More than half a million trades were executed by over 150,000 unique traders, according to the latestdata by DappRadar.
Overtaking Ethereum
That flurry of activity led to Ordinals overtaking Ethereum NFTs in terms of trade volume. The top two NFT collections with the highest sales are Bitcoin Ordinals, according to data from CryptoSlam. Their combined sales of $27.2 million in the past 24 hours completely dwarf the nearest Ethereum NFT in third place, which recorded just $1.59 million worth of sales.
Some have suggested that Bitcoin is currently in the process of flipping Ethereum when it comes to being the main home of NFTs in the crypto space based on the numbers above. However, the true impact of Ordinals on Bitcoin is much more far-reaching.
As the author of the Ethereum white-paper, Vitalik Buterin, stated in regard to the Ordinals debate: “Ordinals are starting to bring back a culture of actually doing things. It feels like there's real pushback to the laser-eye movement, which is good.”
The laser-eye movement refers to those who view Bitcoin purely as a payment system, and base their hopes of future profits on its adoption as a global payment rail. One of the main gripes many ‘laser-eye’ loyalists have had with Ordinals is their tendency to take up space on the Bitcoin blockchain that could have been used for payments.
Building an Ecosystem Around Ordinals
But the spirit of innovation fostered by the creation of Ordinals hasn’t stopped. Several ventures are under way that aim to refine the Ordinals landscape. One group of developers are trying to introduce a new BTC token standard - BRC-69 - aims to radically reduce the cost of minting and sending Ordinals, moving Ordinals away from the current BRC-20 standard on which they are based.
Others are attempting to build a community mentality around the newfound Bitcoin NFTs, and kickstart an ecosystem of development that can put Bitcoin on a level with Ethereum in regards to its decentralized finance capabilities.
A collection of some of the smartest minds in the blockchain space have come together to form The Ordinal Council, a group of builders, developers and executives who share the common goal of building out the Bitcoin ecosystem around Ordinals.
The Ordinal Council is in the process of launching the first Bitcoin DAO to support grassroots talent and builders around Ordinals and BRC-20, and will form a Bitcoin incubator to help develop a raft of innovative use-cases on Bitcoin, such as gaming, metaverse, GameFi and DeFi projects — few of which have been possible on Bitcoin until now.
The Council is set to unveil the first launchpad on Bitcoin - ToshiPad - in the next few weeks, and is in the process of executing its ‘Yellow Collection’ PFP drop, which aims to bring more users into what is already a burgeoning BRC-20 ecosystem.
After years of inactivity, all it took was one little satoshi with something inscribed on it to kickstart a maelstrom of innovation and development on Bitcoin, and it’s turning the crypto space upside down.
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
242 days ago • cryptodaily
Bitcoin’s Own NFTs; How Ordinals are Turning Crypto Upside Down
One of the most oft-cited motivations behind the creation of Ethereum was the desire to introduce programmatic functions that weren’t possible on Bitcoin. In simple language, Vitalik Buterin and his fellow co-founders of Ethereum wanted the blockchain to be able to do things other than just send payments, which was Bitcoin’s primary and only use-case at the time.
Fast forward eight years, and now Bitcoin is able to do all kinds of things that it couldn’t before. Some projects have made Bitcoin compatible with smart contracts, enabling it to be used with the plethora of dApps in the decentralized finance (DeFi) space, and even allowing NFTs known as ‘Ordinals’ to be created on Bitcoin for the first time.
Enter Ordinals - Bitcoin’s Own NFTs
The success of Ordinals - which inscribe immutable data, such as texts, images and audio - onto a satoshi (the smallest unit of BTC) has been immense. Upon launch they clogged up the Bitcoin blockchain, causing exchanges such as Binance to temporarily halt withdrawals and bringing the Bitcoin network to a grinding halt.
The impact of Ordinals was also felt off the blockchain. The idea of using the Bitcoin blockchain to create what is essentially an NFT (Ordinals share the same characteristics of immutability and non-fungibility) caused a rift between developers in the Bitcoin space. Bitcoin was supposed to be a payment network, said one faction. While others lauded this newfound ability to have the same kind of functionality, customization options, and value creation that they’d seen in the Ethereum ecosystem for years.
While developers continue to debate the merits of Ordinals, users in the crypto space have apparently embraced them with open arms. Bitcoin Ordinals trading volume rose by an astonishing 2,834% leading into Q2 of 2023, climbing to $210.7 million. More than half a million trades were executed by over 150,000 unique traders, according to the latestdata by DappRadar.
Overtaking Ethereum
That flurry of activity led to Ordinals overtaking Ethereum NFTs in terms of trade volume. The top two NFT collections with the highest sales are Bitcoin Ordinals, according to data from CryptoSlam. Their combined sales of $27.2 million in the past 24 hours completely dwarf the nearest Ethereum NFT in third place, which recorded just $1.59 million worth of sales.
Some have suggested that Bitcoin is currently in the process of flipping Ethereum when it comes to being the main home of NFTs in the crypto space based on the numbers above. However, the true impact of Ordinals on Bitcoin is much more far-reaching.
As the author of the Ethereum white-paper, Vitalik Buterin, stated in regard to the Ordinals debate: “Ordinals are starting to bring back a culture of actually doing things. It feels like there's real pushback to the laser-eye movement, which is good.”
The laser-eye movement refers to those who view Bitcoin purely as a payment system, and base their hopes of future profits on its adoption as a global payment rail. One of the main gripes many ‘laser-eye’ loyalists have had with Ordinals is their tendency to take up space on the Bitcoin blockchain that could have been used for payments.
Building an Ecosystem Around Ordinals
But the spirit of innovation fostered by the creation of Ordinals hasn’t stopped. Several ventures are under way that aim to refine the Ordinals landscape. One group of developers are trying to introduce a new BTC token standard - BRC-69 - aims to radically reduce the cost of minting and sending Ordinals, moving Ordinals away from the current BRC-20 standard on which they are based.
Others are attempting to build a community mentality around the newfound Bitcoin NFTs, and kickstart an ecosystem of development that can put Bitcoin on a level with Ethereum in regards to its decentralized finance capabilities.
A collection of some of the smartest minds in the blockchain space have come together to form The Ordinal Council, a group of builders, developers and executives who share the common goal of building out the Bitcoin ecosystem around Ordinals.
The Ordinal Council is in the process of launching the first Bitcoin DAO to support grassroots talent and builders around Ordinals and BRC-20, and will form a Bitcoin incubator to help develop a raft of innovative use-cases on Bitcoin, such as gaming, metaverse, GameFi and DeFi projects — few of which have been possible on Bitcoin until now.
The Council is set to unveil the first launchpad on Bitcoin - ToshiPad - in the next few weeks, and is in the process of executing its ‘Yellow Collection’ PFP drop, which aims to bring more users into what is already a burgeoning BRC-20 ecosystem.
After years of inactivity, all it took was one little satoshi with something inscribed on it to kickstart a maelstrom of innovation and development on Bitcoin, and it’s turning the crypto space upside down.
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
249 days ago • cryptodaily
Go!Labs Empowers Global Change Through AI-Powered Engagement and Community Challenges
Singapore, Singapore, August 14th, 2023, ChainwireThe Go! Initiative stands at the forefront of AI-powered weekly global competitions, poised to drive substantial global impact. Leveraging advanced AI technology, their weekly global competitions transcend traditional boundaries, uniting a diverse global community in a shared pursuit of positive change. Each week, participants are presented with captivating challenges that encourage social, environmental, and personal betterment. Through these dynamic competitions, Go! not only showcases the transformative potential of AI but also empowers individuals worldwide to contribute to meaningful causes, fostering a collective movement toward a brighter and more sustainable future.Dive right into the future of engaging impact experiences. One can kickstart their journey on Twitter and further immerse in the ecosystem by engaging in conversations on Discord. The experience isn’t just pioneering an impact revolution; it’s shaping the next era of Web3, intertwining thrilling real-life experiences with significant global impact in the multi-billion-dollar ESG market.Fueled by the convergence of blockchain, generative AI, and an AI Copilot, Go! offers an immersive on-chain experience, backed by RWA (Real-World Assets). These assets guarantee tangible and verifiable value to every in-game achievement and token, transforming virtual wins into real-world impacts.SmartChain: The Web3 System supporting Go!Developed by Go! Labs, SmartChain integrates Layer 1 AI-optimized zkEVM tech, paving the way for a more performant and eco-efficient system. This results in superior on-chain experiences, minimized gas fees, and a sustainable ecosystem. The introduction of DePIN ensures that user interactions are not just fast, but also secure, private, and tailored, revolutionizing the blockchain realm.Engage, Earn & EmpowerHarness the Potential of AI: Through an innovative AI Copilot, participants are guided toward meaningful interactions that lead to remarkable rewards. By delving into genuine engagements, individuals can unlock unique experiences that empower them on a global scale.Community-Centric Challenges and Recognition: The platform offers community-centered challenges that resonate with participants' shared values. As contributors distinguish themselves through impactful actions, they gain access to exclusive $HLTHY tokens, solidifying their role as catalysts for positive change. The engagement journey not only fosters growth but also fosters a tangible impact backed by Real-World Assets (RWA), aligning personal achievements with a greater purpose.Validators and Shaping the Web3 FutureGo! Labs is also scouting for skilled validators for SmartChain. If you’re equipped to influence the future of blockchain and Web3, dive into the tech specifics, onboarding processes, and research documents here. Visit https://goplatform.io to learn more.Join, Play, TransformEmbark on a journey that fuses global health, impact, and next-gen Web3 tech with Go! Stay updated on Twitter and partake in weekly global health competitions on their Discord under “Events.”About Go! LabsGo! Labs is a group of experienced industry professionals working towards improving the quality of life on a global scale. Supported by notable industry VCs with an established distribution network and a solid user base, Go! Labs are working on financial inclusion, data monetization, climate concerns, healthcare revolution, and web3 innovation. To learn more about Go! Labs and their work, visit https://www.goplatform.io/.ContactGo! Labs TeamGo! [email protected]
249 days ago • cryptodaily
Go!Labs Empowers Global Change Through AI-Powered Engagement and Community Challenges
Singapore, Singapore, August 14th, 2023, ChainwireThe Go! Initiative stands at the forefront of AI-powered weekly global competitions, poised to drive substantial global impact. Leveraging advanced AI technology, their weekly global competitions transcend traditional boundaries, uniting a diverse global community in a shared pursuit of positive change. Each week, participants are presented with captivating challenges that encourage social, environmental, and personal betterment. Through these dynamic competitions, Go! not only showcases the transformative potential of AI but also empowers individuals worldwide to contribute to meaningful causes, fostering a collective movement toward a brighter and more sustainable future.Dive right into the future of engaging impact experiences. One can kickstart their journey on Twitter and further immerse in the ecosystem by engaging in conversations on Discord. The experience isn’t just pioneering an impact revolution; it’s shaping the next era of Web3, intertwining thrilling real-life experiences with significant global impact in the multi-billion-dollar ESG market.Fueled by the convergence of blockchain, generative AI, and an AI Copilot, Go! offers an immersive on-chain experience, backed by RWA (Real-World Assets). These assets guarantee tangible and verifiable value to every in-game achievement and token, transforming virtual wins into real-world impacts.SmartChain: The Web3 System supporting Go!Developed by Go! Labs, SmartChain integrates Layer 1 AI-optimized zkEVM tech, paving the way for a more performant and eco-efficient system. This results in superior on-chain experiences, minimized gas fees, and a sustainable ecosystem. The introduction of DePIN ensures that user interactions are not just fast, but also secure, private, and tailored, revolutionizing the blockchain realm.Engage, Earn & EmpowerHarness the Potential of AI: Through an innovative AI Copilot, participants are guided toward meaningful interactions that lead to remarkable rewards. By delving into genuine engagements, individuals can unlock unique experiences that empower them on a global scale.Community-Centric Challenges and Recognition: The platform offers community-centered challenges that resonate with participants' shared values. As contributors distinguish themselves through impactful actions, they gain access to exclusive $HLTHY tokens, solidifying their role as catalysts for positive change. The engagement journey not only fosters growth but also fosters a tangible impact backed by Real-World Assets (RWA), aligning personal achievements with a greater purpose.Validators and Shaping the Web3 FutureGo! Labs is also scouting for skilled validators for SmartChain. If you’re equipped to influence the future of blockchain and Web3, dive into the tech specifics, onboarding processes, and research documents here. Visit https://goplatform.io to learn more.Join, Play, TransformEmbark on a journey that fuses global health, impact, and next-gen Web3 tech with Go! Stay updated on Twitter and partake in weekly global health competitions on their Discord under “Events.”About Go! LabsGo! Labs is a group of experienced industry professionals working towards improving the quality of life on a global scale. Supported by notable industry VCs with an established distribution network and a solid user base, Go! Labs are working on financial inclusion, data monetization, climate concerns, healthcare revolution, and web3 innovation. To learn more about Go! Labs and their work, visit https://www.goplatform.io/.ContactGo! Labs TeamGo! [email protected]