Organization behind the decentralized exchange Uniswap, Uniswap Labs introduced the first self-custody wallet extension for the Google Chrome browser.

The new advancement enhances direct swapping capabilities next to social media platform X, enables seamless minting without intrusive pop-ups, and provides real-time token tracking. Furthermore, it features Miner Extractable Value (MEV) protection during trades, faster quotes for swift swapping, and access to off-chain liquidity through UniswapX. 

The extension is compatible with Ethereum, Base, Arbitrum, Optimism, Polygon, Blast, ZKsync, Zora Network, BNB Chain, Avalanche, and Celo. It consolidates all user tokens from various networks into a single interface, eliminating the need for users to switch blockchains to view their assets. Additionally, it features the Auto Network functionality, allowing the extension to automatically switch between blockchains based on the application’s requirements. 

In order to add the Uniswap Extension to the browser, users are advised to visit the Chrome Web Store and click on “Add to Chrome”. After adding the extension, users will need to set up their accounts. For users accessing Uniswap on a mobile device, they can scan the QR code to import their account. New users will have to import an existing seed phrase from another wallet or create a new account.

Say goodbye to pop-ups. And hello to the sidebar.

Uniswap Extension is now available for everyone pic.twitter.com/Fm1upbwBtH

— Uniswap Labs (@Uniswap) July 16, 2024

Uniswap: A Few Words About It

Uniswap Labs initially introduced its browser extension for wallets in February of this year, which has since attracted a waitlist of 793,391 users.

The Uniswap Wallet provides users direct access to the Uniswap protocol, known as one of the most widely used automated market makers (AMM), decentralized exchange (DEX) that enables token trading via liquidity pools, a method that differs from traditional order book systems where orders are matched directly between buyers and sellers. Currently, its total value locked (TVL) exceeds $5.6 billion, as reported by the cryptocurrency data tracker DeFiLlama.

Recently, Uniswap has entered into a partnership with Transak to enable users to purchase cryptocurrencies directly with fiat within the Uniswap Wallet, streamlining the user experience.

The post Uniswap Labs’ Wallet Browser Extension Now Available, Supporting Ethereum Along With 10 Other Blockchains appeared first on Metaverse Post.

Layer 1 relational blockchain platform Chromia (CHR) unveiled the deployment of its minimum viable product (MVP) Mainnet, which serves as the foundational release for the Chromia network and introduces the native CHR token.

“Our journey began twelve years ago with Colored Coins, the world’s first token protocol. Following this, we launched a bank-backed stablecoin and recognized the potential of integrating relational databases with blockchain, inspiring the creation of Chromia,” said Henrik Hjelte, co-founder of Chromia. “After years of development, we are thrilled to see the concept of relational blockchain become a reality,” he added.

The launch will facilitate the migration of the current CHR token, previously issued as ERC-20 on Ethereum and BEP-20 on BNB Chain, to the MVP Mainnet. Additionally, after the deployment, the MVP Mainnet will activate core functionalities of the CHR token crucial for the network’s operations and security, encompassing handling payment network hosting fees as well as payouts to providers within the MVP Mainnet infrastructure.

Chromia’ Relational Blockchain Transforms On-Chain Data Structuring 

It operates as a Layer 1 relational blockchain, employing a modular framework designed to offer individuals dedicated decentralized application (dApp) blockchains, customizable fee structures, and digital assets. It provides natively queryable data indexed in real-time, thereby enhancing interaction and bolstering new Web3 business models.

Crafted by ChromaWay, relational blockchain technology transforms on-chain data structuring, streamlining sophisticated searches and calculations on the blockchain. This approach allows for circumventing third-party indexing services, data availability layers, and RPC servers.

Moreover, Chromia challenges traditional blockchain economics by enabling builders to lease resource containers and generate their own revenue, which simplifies interactions for end users, improving the user experience within its blockchain.

As the MVP Mainnet defines the core functioning of the network, the forthcoming stage of its evolvement will witness a rise in network activity. In particular, the total value locked (TVL) growth is anticipated as various ecosystem projects will launch dApps and additional assets will be enabled to bridge from EVM blockchains to Chromia.

The post Chromia Deploys MVP Mainnet And Introduces CHR Token appeared first on Metaverse Post.

In this insightful interview, Avril (Spaydh) Dutheil, a Core Contributor at Neutron, delves into the innovative features of the Neutron blockchain platform. Dutheil explains how Neutron’s unique approach to smart contracts, interoperability, and blockchain technology is setting new standards in the industry, offering developers unprecedented power and flexibility while addressing key challenges in the Web3 ecosystem.

Can you elaborate on Neutron’s main solutions and how they are different from others on the market?

There’s one fundamental thing that makes Neutron completely different from any other smart contracting platform. When you’re building an application within the virtual machine of another blockchain, like the EVM on any of the EVM networks, the smart contracts are isolated to the virtual machine. They can run any code encoded in their smart contract, but they don’t have access to anything outside of the virtual machine.

This means there are strict constraints on the complexity of computation that can be handled, strict constraints on the security model of interoperability, and no access to consensus. 

Contrary to other smart contracting platforms, Neutron provides safe and secure interfaces for smart contracts to leverage features and functionality that exist outside the virtual machine. For example, smart contracts on Neutron can customize transaction ordering and fees of some of the blockchain’s block space. 

Our idea is to bring most of the benefits of having your own blockchain but make it available to smart contract developers without the additional cost and overhead of actually building a blockchain. This empowers them to build applications that they couldn’t build on any other smart contract platform.

How do IBC, ICA, and ICQ enhance the capabilities of smart contracts deployed on Neutron? What novel use cases do they enable?

IBC is a bridging standard, a method for two blockchains to communicate with each other, relying only on the security of these two blockchains without bringing a third party into the mix like Wormhole or XLR, which would reduce the security guarantees.

On this protocol, you can build applications to enable users or applications to do more advanced things. ICAs is one such application. Any smart contract on Neutron can register an account on another blockchain. 

Moreover, you get the response of whether the action was successful or failed, which means you can program sequences of actions. For example, you might want to send rewards to the other blockchain, stake them, claim them, and bring the rewards back. You can program this entire sequence to happen with only one call sent by your smart contract.

ICQs provide the ability to read information from other blockchains. Smart contracts on Neutron can register queries that say, “Here’s the storage of this other blockchain. In this storage, I want you to look for this value and tell me what the value is.” An entity helps bring messages on both sides and for a message to be accepted, it needs to provide proof that the message is valid.

This enables various use cases. For instance, if you’re building a game that accepts deposits from multiple blockchains, you can check the balance of the account where funds are supposed to be sent, verify the user’s address, and confirm if they’ve made the transaction with the correct memo or amount of tokens. For a liquid staking protocol like DROP, you can look at validators, calculate their on-chain performance, and check if they’ve been slashed, jailed, or tombstoned.

Can you provide any examples of innovative use cases for smart contracts beyond DeFi and cryptocurrencies?

With smart contracts you can build something like an Uber on the blockchain, where the marketplace and key models are transparent, providing guarantees for both drivers and passengers.

Most games could benefit from this as well. You could be playing a Web2-like game with the certainty that the developer isn’t manipulating the market rules. At the same time, without the pain of having to select a wallet and sign every single transaction, as we currently have in Web3 games.

How do you think it’s possible to make a seamless bridge between Web2 and Web3 for newbies?

We’re working on programmable accounts for account login and ownership, allowing users to create accounts with Google email and phone biometrics for added security. This technology also allows for transaction signing without pop-ups from outside the app, allowing users to trust the application before executing transactions. 

Fee abstraction is another important aspect, with technologies like Paymasters allowing applications to subsidize fees for users. Additionally, account abstraction and IBC can create an account framework that allows control of accounts over multiple IBC-connected chains while abstracting away the complexity of cross-chain transactions. 

What challenges and opportunities do you foresee in the development of smart contracts that are resistant to quantum computing attacks?

We haven’t been focusing tremendous amounts of research on this yet. The reason is that there’s a wide cryptographic community that has been working on this problem for decades. To most of the problems that could arise in the short to medium term, there are already cryptographic solutions that defeat the advances of quantum computing.

Can you name some topics that, in your opinion, are not covered enough in the industry? 

The industry has evolved from Bitcoin’s low programmability to Ethereum’s general programmability, which was a massive unlock. However, Ethereum has tremendous constraints, so people have been creating new domains like roll-ups and app chains.

I think the industry is overcompensating towards new domains. While this experimentation is valuable, it often misses two key points: solving interoperability and leveraging network effects.

This is where smart contracts have a differentiated quality. They offer most of the benefits of having your own app chain – customizability and power – but they also have the network effects of smart contracts. They can compose synchronously, stack on top of one another, and share components, allowing for a better ecosystem.

I think this shift in how we build is currently being overlooked. The industry got excited about the modular thesis, but I believe we’ll see a correction toward integrated technologies as well because they also have tremendous benefits.

How do you foresee the state of blockchain in 3 years?

We’ll continue to see more domains launching. Interoperability technologies will become more prominent as network effects and fragmentation become bigger concerns.

I hope that in three years, most of the UX pain points we face today will be addressed. I envision a network of interconnected chains with local hubs. Blockchains like Solana, Ethereum, Neutron, Avalanche, and Fantom will remain as local hubs, connecting to various roll-ups or app chains that do one thing really well. Users will be able to move between these app chains seamlessly.

I don’t think there will be one standard for the entire industry. There will likely be a fragmentation of standards. OPStack might have one implementation that connects all their roll-ups. Other networks might push for their own versions of IBC. However, I think IBC will be the largest standard because it has years of advances, and we’re seeing exciting networks like Celestia, dYdX, and Dymension choosing the Cosmos SDK and IBC to build their app chains and layers.

The post From Ride-Sharing to Gaming: Exploring Neutron’s Vision for Smart Contracts Beyond the Realm of DeFi appeared first on Metaverse Post.

Bitcoin-backed stablecoin protocol Satoshi Protocol announced that it has raised $2 million in its seed financing round led by CMS Holdings and RockTree Capital, with additional participation from Cypher Capital, Metalpha, Optic Capital, Side Door Ventures, Outliers Fund, and several prominent angel investors.

“The support from our investors is crucial as we work towards creating a universal stablecoin that meets the needs of Bitcoin users,” said Naka, Founder and CEO of Satoshi Protocol. “This funding allows us to achieve these critical development and market goals,” he added.

With the newly raised capital, Satoshi Protocol intends to enhance its security measures, expand integrations with various Layer 2 solutions, and increase its global presence. This new funding follows a pre-seed round closed in March, with an undisclosed investment amount led by Web3Port Foundation, Waterdrip Capital, BEVM Foundation, and other investors.

How Does Satoshi Protocol Work?

Satoshi Protocol allows users to collateralize BTC or liquid staking tokens (LST) to mint the stablecoin SAT on the Bitcoin mainnet and various Layer 2 networks. This approach introduces a stable and utility-focused asset within the Bitcoin ecosystem.

The protocol is built around two main components: SAT, a stablecoin pegged to the United States dollar, and OSHI, a utility token that incentivizes and rewards ecosystem participants. Users can mint SAT by collateralizing their Bitcoin and other assets through the Satoshi Protocol, maintaining a minimum collateral ratio of 110%. This process promotes liquidity generation and allows SAT holders to redeem their collateral via a redemption mechanism, ensuring the stable value of SAT.

Furthermore, as a multichain protocol, it features its stablecoin SAT with a highly compatible multi-token standard mechanism. This design allows SAT to circulate freely across various blockchain standards, including the Bitcoin mainnet, enhancing its usability and interoperability across different blockchain ecosystems.

The protocol has gained notable traction through numerous integrations within the Bitcoin ecosystem, including platforms such as BOB, Bitlayer, BEVM, Core Chain, Botanix, B^2, Alys/Anduro (Marathon Holding), and Omni Network. Additionally, it recently collaborated with the Binance Web3 Wallet Campaign, engaging over 172,000 users.

The post Satoshi Protocol Raises $2M In Financing From CMS Holdings And RockTree Capital appeared first on Metaverse Post.

Web3 infrastructure project Ava Protocol (AP) announced the launch of its mainnet on Ethereum as an EigenLayer Actively Validated Service (AVS) for smart contract automation. This launch enables developers to integrate Ava Protocol’s advanced transaction automation, privacy features, composability, and cost-efficiency into their decentralized applications (dApps) and projects and ensures wide compatibility across the Ethereum Virtual Machine (EVM) ecosystem.

“Ava Protocol’s intelligent, event-driven automation streamlines operations across multiple blockchains, making it possible to create more dynamic smart contracts that autonomously respond to real-time data,” said Chris Li, Founder and CEO of Ava Protocol to MPost. “It simplifies on-chain monitoring, promptly executing complex workflows with improved privacy and lower gas fees. This opens up exciting opportunities across DeFi, NFTs, gaming, and beyond. For developers, it means easier implementation and less overhead; for users, it means richer, frictionless experiences,” he added.

Its event-driven activation model simplifies intricate on-chain operations by initiating autonomous “super-transactions” when specific conditions such as time, price movements, and updates to smart contracts are fulfilled. This method of automating smart contracts reduces friction for developers and end-users alike, addressing a hurdle in the adoption of Web3. Super-transactions do not necessitate custom code, enabling straightforward implementation by developers.

Furthermore, the protocol plans to launch the AVS on EigenLayer. AVSs are not constrained by the EVM’s design, allowing them to offer developers new capabilities beyond what is directly feasible on Ethereum and other EVM-based blockchains. This initiative aligns with its vision of a new event-driven activation service, outlined in the EigenLayer whitepaper, which facilitates on-chain automation with execution guarantees for time-sensitive transactions and multi-step processes.

Additionally, it supports functionalities such as scheduling future and recurring payments, implementing stop-loss and limit orders, distributing streaming rewards, enabling dynamic non-fungible token (NFT) minting, and more, making it a highly versatile tool for dApps.

Ava Protocol Leads AVS Debut, Launches In Partnership With Top EigenLayer Operators

It will be one of the initial 15 projects to debut an AVS, leveraging active validation through pooled security from Ethereum validators via EigenLayer’s new restaking mechanism. Additionally, the protocol is launching with the participation of 20 EigenLayer operators selected from the top 100 by Total Value Locked (TVL), including EigenYields, InfraSingularity, Kukis Global, Coinage, and Staking4All.

This launch follows a productive testnet phase that engaged 10,000 wallets and facilitated over 1,000 automated transactions daily. In the upcoming months, the project plans to unveil a comprehensive outline of AP token incentives tailored for initial operators.

The post Ava Protocol Launches Mainnet On Ethereum As EigenLayer AVS For Automated Web3 Transactions appeared first on Metaverse Post.

The digital clock is running out, and the DeFi realm is developing at a dizzying rate. The most brilliant thinkers in the field came together at the recent Hack Seasons Conference in Brussels to exchange thoughts and perspectives about the direction that decentralized finance is taking.

It’s a good idea to take stock of the major advancements and patterns that have impacted the DeFi Blockchain market as the first half of 2024 draws to a close. We have gathered a wealth of information and professional viewpoints that provide light on the major breakthroughs and trends that have shaped the DeFi ecosystem over the past six months with compelling presentations and lively debates.

We will look at how 2024 developments have shaped the larger DeFi ecosystem and what that means for the future of decentralized finance, from the rise of innovative protocols and platforms to the transformation of ongoing initiatives.

Lynex’s Apeguru on improving on-chain liquidity for crypto-assets

Apeguru, the Founder and CTO of Lynex, delved into the intricacies of Lynex’s approach to enhancing on-chain liquidity for crypto-assets. With a deep understanding of market dynamics, he explained how their liquidity provision strategy adapts to varying market conditions, ensuring an impressive performance. 

Apeguru drew a clear distinction between on-chain and traditional market liquidity, emphasizing the unique challenges and opportunities the decentralized finance landscape presents. He highlighted the delicate balance between maintaining deep liquidity and managing the risks associated with concentrated liquidity positions, showcasing Lynex’s expertise in navigating this complex terrain.

zkLink’s Sarah Grace on zero-knowledge proofs and DePIN synergies

Sarah Grace, the Product Manager at zkLink, delved into the fascinating synergies between zkLink’s cutting-edge zero-knowledge proof technology and DePIN networks. She investigated DePIN’s possible function inside zkLink’s larger ecosystem with an inventive eye, imagining a time when the two technologies might smoothly coexist. 

Grace’s speech also addressed how flexible zkLink’s governance model is, emphasizing how it may change to support and develop DePIN initiatives, creating a cooperative and welcoming atmosphere for groundbreaking developments in privacy-preserving technologies.

Kairon Labs’ Mathias Beke on ethical market-making and blockchain interoperability

Mathias Beke, the Co-founder of Kairon Labs, shared his enlightening views on the critical importance of ethical market-making in volatile cryptocurrency markets. Beke, who has a thorough grasp of market dynamics, described how Kairon Labs adjusts its market-making techniques to handle varying degrees of market volatility while maintaining stability and equity for all players. 

He discussed the most recent developments in blockchain interoperability. He also emphasized how important it is for various blockchain networks to collaborate and communicate with one another in order to advance the sector. Beke’s observations provide light on the difficult problems and fascinating prospects that market-making and blockchain interoperability will face in the future.

dRPC’s Viacheslav Shebanov on decentralized RPC and network reliability

Viacheslav Shebanov, the CTO at dRPC, provided an enlightening discourse on the transformative benefits of decentralizing RPC nodes and its profound impact on network reliability. With a deep understanding of the intricacies of blockchain infrastructure, Shebanov articulated the compelling reasons why decentralization is not merely desirable but essential for RPC.

He paid close attention to how decentralized RPC seamlessly supports multichain environments, enabling smooth interoperability between disparate blockchain networks. Shebanov’s insights highlighted decentralized RPC’s critical role in enhancing network resilience and ensuring uninterrupted access to blockchain data and services. 

Moreover, he explored innovative cost-reduction strategies that leverage the power of decentralized RPC nodes, offering a glimpse into the economic advantages of this approach.

Veridise’s Kostas Ferles on blockchain security audits and vulnerabilities

Kostas Ferles, the Chief Research Officer at Veridise, provided an in-depth analysis of the primary objectives and critical importance of blockchain security audits. With a keen eye for detail and a deep understanding of the threat landscape, Ferles shed light on the most common vulnerabilities that plague blockchain projects. 

He painted a vivid picture of the dire consequences that can arise from deploying unaudited smart contracts, emphasizing the need for rigorous security assessments.

Ferles also delved into the nuances of audit processes across various blockchain platforms, highlighting the unique challenges and considerations that must be considered. 

Furthermore, he underscored the importance of post-deployment audits and ongoing security monitoring, stressing that security is not a one-time event but an ongoing commitment. Ferles’ insights served as a clarion call for the blockchain community to prioritize security and adopt best practices to safeguard the integrity of their projects.

Satoshi Universe’s Alexey Stelmakh on community engagement and innovative gaming

Alexey Stelmakh, the BD Lead at Satoshi Universe, shared valuable insights into their strategy for fostering vibrant community development and engagement within the Satoshi Universe ecosystem. 

With a deep understanding of the blockchain gaming space, Stelmakh highlighted the innovative features and mechanics that set Satoshi Universe’s games apart from the competition. He painted a vivid picture of the immersive experiences and captivating gameplay that players can expect. 

Looking ahead, Stelmakh speculated on the next gaming trend that could emerge after the runners, sparking excitement and curiosity among the audience about the future of blockchain gaming.

Router Protocol’s Ramani Ramachandran on enhancing cross-chain liquidity

Ramani Ramachandran, the CEO of Router Protocol, provided an enlightening look at how their protocol revolutionizes cross-chain liquidity. With a keen understanding of market dynamics, Ramachandran discussed their adaptive strategies for navigating diverse market conditions and asset types. 

He passionately emphasized the crucial role of on-chain liquidity, highlighting its significance in the evolving landscape of decentralized finance. Ramachandran’s insights shed light on Router Protocol’s innovative approach to enhancing liquidity across multiple chains, paving the way for an efficient blockchain ecosystem.

DFINITY Foundation’s Jan Camenisch on AI and DePIN integration

Jan Camenisch, the visionary CTO of the DFINITY Foundation (Internet Computer), illuminated the transformative potential of the Internet Computer’s architecture in supporting the development and deployment of AI applications. 

He eloquently articulated the advantages of Chain Fusion, a groundbreaking approach that surpasses traditional blockchain interoperability solutions. Camenisch’s insights illuminated the exciting possibilities of seamlessly integrating AI capabilities with DePIN projects on the Internet Computer platform, paving the way for a new era of intelligent decentralized applications.

The post Breaking New Ground: Top 7 DeFi Trends Pushing the Boundaries of Blockchain Possibilities in Early 2024 appeared first on Metaverse Post.

Cryptocurrency exchange Binance launched a new promotional campaign for its Auto-Invest Plans. During this campaign, existing and new plans will incur no fees for every successful trade, encompassing subscription fees and Index plans. The campaign will commence at 00:00 UTC on July 17th and will continue until 23:59 UTC on October 16th.

To subscribe to a plan on Binance Auto-Invest, individuals are required to log in to their Binance account and navigate to Trading Bots, where they will be offered to select Auto-Invest. They will then choose the desired Auto-Invest plan and click “Create” to set up the parameters and confirm the order.

Binance Auto-Invest offers an option to automate users’ cryptocurrency investments and create digital asset portfolios. It represents a dollar-cost averaging (DCA) strategy, that facilitates the selection of cryptocurrencies users prefer to purchase each month, two weeks, week, or a day. This approach enables users to implement disciplined budget allocations and removes emotional factors from their trading decisions.

Meanwhile, the Binance Auto-Invest Index-Linked Plan enables users to automate the purchase of cryptocurrencies that constitute the Binance CoinMarketCap (CMC) Top 10 Equal-Weighted Index.

Binance Obtains VASP License From Dubai VARA For Binance FZE, Initiating User Account Transfers  

It represents a widely acknowledged cryptocurrency exchange, supporting transactions involving over 350 cryptocurrencies and virtual tokens. The platform stands out for its competitive transaction fees and robust liquidity options, serving a diverse range of users.

Binance’s ecosystem includes Binance Exchange, Labs, Launchpad, Info, Academy, Research, Trust Wallet, Charity, NFT, and other services. Over the last 24 hours, its trading volume has surpassed $17 billion, as reported by CoinMarketCap.

Recently, the company received a Virtual Asset Service Provider (VASP) license from the Dubai Virtual Asset Regulatory Authority (VARA) for its local exchange, Binance FZE. This development involves transferring user accounts from Binance’s global exchange to Binance FZE, which operates under VARA regulation specifically for UAE residents.

The post Binance Launches Zero-Fee Campaign For Auto-Invest Plans appeared first on Metaverse Post.

Co-founder of venture capital firm Mechanism Capital, Andrew Kang, shared a post on social media platform X, providing his insights into the cryptocurrency market.

In a recent post, he noted that ETH is nearing $3,600 as it rebounds ahead of the spot Ethereum exchange-traded fund (ETF) listing. However, there is an expectation that the ETH to BTC ratio may decline temporarily following the approval or launch of the ETFs.

He suggests that BTC’s resilient performance despite challenging market dynamics could signal important undisclosed developments. These may include entries from major new players like the founder of Dell, potential shifts in Chinese cryptocurrency regulations, and the introduction of ETFs, along with broader national-level initiatives embracing Bitcoin. If these scenarios materialize, Andrew Kang believes BTC may have found support around $50,000, revising his earlier projection that BTC could drop to $40,000.

He also noted that most Altcoins are currently achieving only modest gains in this rally, with a few notable exceptions like Mog, Popcat, and Apu showing strong performance.

ETH heading close to $3600 pre-ETF on this relief rally

Still believe ETHBTC will be down for a while after ETF approval/launch

BTC stronger than anticipated in the face of poor market structure dynamics leads me to believe that there are likely some unannounced major… https://t.co/iCgGmGxof2

— Andrew Kang (@Rewkang) July 15, 2024

Bitcoin Witnesses Gains Following Ongoing Inflows Into Spot Bitcoin ETFs

At present, Bitcoin is trading at $63,070, reflecting a modest gain of more than 0.30% in the last 24 hours. During this period, its lowest and highest points were noted at $62,359 and $64,988 respectively. The recent uptick in Bitcoin’s value coincides with ongoing inflows into spot Bitcoin ETFs, with investments totaling $301.4 million recorded on July 15th, as per data from SosoValue.

Bitcoin’s market dominance is recorded at 53.69%, indicating a slight 0.17% decline from the previous day, suggesting that gains in the altcoin market have somewhat overshadowed Bitcoin’s performance.

Meanwhile, ETH is trading at $3,392, marking a rise of more than 0.52% in the last 24 hours. During this period, its lowest point was recorded at $3,333, while the highest reached $3,496. In addition, altcoins encompassing Solana (SOL) and XRP have also shown upward price movements.

The global cryptocurrency market cap rose by 0.54% over the same period, achieving a mark of $2.32 trillion. Meanwhile, the total cryptocurrency market volume surged by 47.87% from the last day to $88.72 billion, as reported by CoinMarketCap.

The post Bitcoin May Have Bottomed Out At $50,000, While Ethereum Could Reach $3,600 Before ETF Launch, Notes Andrew Kang   appeared first on Metaverse Post.

Bitcoin News & Macro

Bitcoin has had a dramatic week, with major price and sentiment swings keeping investors on the edge. The German government caused major jitters, dumping 3,000 BTC in just one hour. This led to worries about more sell-offs as Germany plans to release another $276 million worth of Bitcoin. 

Source: CoinShares

Interestingly, this pressure saw $441 million in digital asset inflows as investors bought the dip. 

Source: F2Pool

Mining difficulty hit its lowest since March, giving miners some relief. Meanwhile, Metaplanet’s $2.5 million Bitcoin purchase showed continued corporate interest. 

Adding to the volatility, Mt. Gox repayments began, stirring uncertainty. Germany’s relentless BTC sell-off kept weighing on prices, even with robust institutional buying, as seen from substantial Bitcoin ETF inflows. 

Source: Blockchain.com

Transaction fees hit 2020 lows, signaling network challenges, while traders’ profit margins echoed the 2022 bear market. Yet, Bitcoin whales used the slump to accumulate more BTC.

In a dramatic twist, Bitcoin surged to $62K, leading analysts to suggest the worst might be over. Despite this renewed optimism, high volatility remains, leaving the market cautiously optimistic about the future. Despite bearish trends, some analysts thought Bitcoin might have bottomed out at $53K. However, resistance at $58,500 and $60,000 is still strong.

BTC Price Analysis

Starting with the daily chart, Bitcoin saw a solid rally around July 10th, jumping from about $54,000 to $63,000 by July 15th, a hefty 23% surge. The $54,000 mark acted as strong support, halting the downtrend.

Source: TradingView

The rally broke through several resistance levels, with $60,000 being a major hurdle. Once past this, $60,000 turned into a new support. Historically, breaking this level suggests a sentiment shift, making $65,000 the next target. Should the 20-EMA and 50-EMA converge, this could indicate a golden cross, another positive sign. 

Source: TradingView

On the 4-hour chart, after hitting $54,000, Bitcoin entered an accumulation phase. The momentum turned bullish once the price broke above 50-EMA, which was confirmed by the RSI as moving into overbought territory at 79.38. 

A strong weekly close above $60,000 indicates steady bullish interest, while daily closes above this level suggest readiness for higher prices. Key levels to watch are $60,000 as support and $65,000 as the next major resistance. If bullish momentum holds and the price stays above key moving averages, Bitcoin could retest and possibly break previous highs.

Ethereum News & Macro 

The Ethereum camp has been buzzing with excitement, ignited by Invesco’s Ether ETF introducing competitive fees, sparking institutional interest, and echoing Bitcoin’s recent buzz around ETF approvals. 

MetaMask unveiled a new toolkit for Web3, while Ethereum prepped a $2 million ‘Attackathon’ to boost security. Talk of a rally above $3,400 gained traction with bullish metrics, similar to Bitcoin’s struggle with key price levels. 

Source: @spotonchain

Whale transfers of $50 million in ETH ahead of ETF approvals showed strong investor confidence, much like Bitcoin whales buying during price dips. Despite hiccups like the Inferno Drainer’s failed heist, Ethereum’s momentum remained strong. 

Source: PancakeSwap

Circle’s euro-backed stablecoin EURC launch on Base and Starknet’s staking rollout further boosted Ethereum’s clout. Analysts predict ETF approvals could bring $10 billion in ETH inflows, setting the stage for new price heights, paralleling Bitcoin’s ETF-driven optimism.

ETH Price Analysis

Now, let’s talk price action, starting with the daily chart. Ethereum launched a solid rally around July 10th, bouncing off the $2,800 support level. By July 15th, ETH surged to around $3,350, mirroring Bitcoin’s impressive run.

Source: TradingView

The $2,800 mark held firm as support, stopping the downtrend cold and setting the stage for the rally. As ETH surged, it blasted through several resistance levels, especially around $3,150. This breakout turned old resistance into new support, a classic bullish sign. Now, with $3,150 as a new floor, future gains seem likely. Historically, breaking above this level shifts market sentiment, similar to Bitcoin’s break above $60,000. The convergence of the 20-EMA and 50-EMA could even suggest a golden cross, just like what we’ve seen in Bitcoin.

Source: TradingView

Zooming into the 4-hour chart, the price action also closely mirrors Bitcoin’s. After hitting $2,800, ETH entered accumulation. But once it broke above the 50-EMA on the 4-hour chart, momentum turned sharply bullish. The RSI shot into the overbought zone at 79.93, signaling strong buying pressure. 

A strong weekly close above $3,150 shows steady bullish interest, while daily closes above this level suggest the market is ready for higher prices. These levels line up with Bitcoin’s broader bullish trend, boosting the overall market sentiment. 

Traders should watch $3,150 as support and $3,400 as the next major resistance. If the bullish momentum holds and the price stays above key moving averages, Ethereum could retest and possibly break previous highs. 

Toncoin News & Macro 

Let us now move over to the Toncoin camp. On July 9, the Ton Application Chain joined forces with Polygon to launch a new layer-2 integration. This move is set to flood the TON ecosystem with new apps, including DeFi and GameFi. Can never have too many hamsters, can we? 

Source: Unknown

The total value locked (TVL) in TON rocketed past $700 million, a massive leap from $13 million at the start of the year – a clear sign of growing institutional interest.

Adding to the buzz, 1inch and the TON Foundation unveiled a startup accelerator to boost user experience in the TON network, focusing on projects linking Web2 and Web3.

Source: @ByBit_Official

On the market front, Bybit showcased TON’s rising traction by listing Hamster Kombat on the premarket. 

Source: Fragment

Meanwhile, the launch of Telegram Stars, which can be bought with TON, highlighted the coin’s growing sway in digital payments. Does Ethereum’s new euro-backed stablecoin have a competitor now? Only time will tell. 

Now, let’s move over to the TON price chart. 

TON Price Analysis

Echoing the bullish vibes from Bitcoin and Ethereum, Toncoin’s price also had an action-packed week. On the daily chart, TON picked up steam around July 6th, bouncing off support at $6.30 and climbing to about $7.50 by July 15th. 

Source: TradingView

The $6.30 mark held firm, stopping the downtrend. As TON surged, it smashed through the $7.15 resistance, flipping it into new support. With $7.15 as a floor, TON looks set for more gains. TON crossed above the 20-EMA and is now around the 50-EMA at $7.18. A close above this would be a strong bullish signal. If the 20-EMA crosses above the 50-EMA, we could see a golden cross, similar to Bitcoin and Ethereum.

Source: TradingView

After hitting $6.30, TON also entered an accumulation phase. Breaking above the 50-EMA turned momentum bullish, confirmed by the RSI moving into the overbought zone at 65.27. An ascending triangle with resistance at $7.15 and rising lows led to a breakout around July 12th.

A strong weekly close above $7.15 indicates steady bullish interest, while daily closes above this level suggest higher prices. These levels align with bullish trends in Bitcoin and Ethereum. Key levels to watch are $7.15 as support and $8.00 as the next major resistance. If the bullish momentum holds and prices stay above key moving averages, TON could retest and possibly break previous highs. This ongoing momentum, alongside Bitcoin and Ethereum’s moves, signals a potential bullish turn for the crypto market.

The post Weekly Market Summary: Crypto Inflows, Whale Activity, and Price Surges appeared first on Metaverse Post.

Decentralized exchange (DEX) PancakeSwap revealed its roadmap for the third quarter of 2024.

According to a recent announcement on social media platform X, PancakeSwap has outlined its plans for Q3, which include launching the V4 version, introducing a new trading venue for its decentralized exchange, launching the Web3 quest platform, and expanding the veCAKE cross-chain. Additionally, PancakeSwap aims to expand its gaming marketplace, implement a UX and UI revamp, and introduce a dual trading rewards program.

The exchange has also announced the appointment of a new Head Chef and scheduled an Ask Me Anything (AMA) session to discuss upcoming plans at 13:00 UTC on July 18th. One fortunate participant will have the opportunity to win a PancakeSwap Bucket Hat. Users are encouraged to submit their questions using the attached form provided in the announcement.

1/3 Unveiling PancakeSwap's Q3 roadmap and introducing our new Head Chef, Chef Kids @headchef_pcs

v4
DEX: New Trading Venue
Web3 Quest Platform
Crosschain veCAKE Expansion
Gaming Marketplace Expansion
PancakeSwap UX/UI Revamp
Dual Trading Rewards Program pic.twitter.com/e1ISYbeoBn

— PancakeSwap v4 (@PancakeSwap) July 15, 2024

In previous quarters, PancakeSwap has successfully implemented several notable advancements, including the introduction of cross-chain veCAKE on Ethereum and Arbitrum, veCAKE gauges for opBNB, Arbitrum AI prediction, ZKsync gasless swaps, a 450,000 Arbitrum grant, and various other initiatives.

PancakeSwap Exceeds $10B In Trading Volume On Ethereum

It is a decentralized finance (DeFi) platform designed for cryptocurrency trading, lottery participation, governance voting, as well as allowing users to earn rewards through staking and farming. Built on the Binance Smart Chain, the platform prioritizes speedy and cost-efficient transactions, aiming to minimize fees for its users.

In the last 30 days, the exchange has recorded over 4.4 million users and facilitated more than 33 million trades. As of the latest update, PancakeSwap’s total value locked (TVL) exceeds $1.9 billion, as reported on the exchange’s website. Recently, it has also surpassed $10 billion in trading volume on the Ethereum network.

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Cryptocurrency is not a fad anymore. It’s here to stay, and it’s gaining more popularity and traction in the e-commerce world. Nowadays, you can do many things, from grocery shopping to booking luxury hotels, using cryptocurrency.

Naturally, this has prompted many online retailers to consider shaking up their business models. But why do online retailers take crypto? What are the benefits?

Why Do Online Retailers Take Crypto?

Over the last few years, cryptocurrencies have proved they can be solid replacements (or at least supplements) for the traditional financial system. They offer many benefits to retailers, including:

Hassle-free Money

It’s becoming harder for people to trust banks and their business ethics, making many people turn to cryptocurrencies. People are afraid to put all their gold in one chest, and banks are no different. Providing cryptocurrency payment options gives you immediate access to the incoming cash. Many people now hold these views, and they form a good portion of the e-commerce consumer base. So, businesses are clearly motivated to pursue crypto payments.

Lower Fees

Most of the time, traditional payment companies charge a lot of money to handle payments. Online retailers could pay up to 4% of every transaction. With cryptocurrencies, on the other hand, there are no middlemen, which makes transactions much cheaper. This is especially helpful for small online stores that are trying to make ends meet.

A Wider Net

The latest reports show that there are about 2 billion unbanked people in the world who don’t have access to everyday financial services, often because of political or economic crises. On top of that, there are many who do not trust the centralized financial system. Since crypto is an international currency with no political affiliations, anyone with a web connection can be part of the global financial system.

Sahar Salama, CEO and Founder of TPAY MOBILE, supported this idea by proposing a “cashless society” where digital currencies and services must be “accessible and appealing to everyone.”

But it’s not just about making money more available to everyone; businesses can also use crypto to reach new markets and offer their products to more people. There will be more people, which means there will be more chances to sell.

Top E-commerce Platforms that Take Crypto

These arguments, and many more, have convinced major online retailers to accept cryptocurrency as a payment method. Some of them are:

Overstock

When Bitcoin first became widely available in 2014, Overstock was among the first big e-commerce merchants to embrace it. It sells numerous items like gadgets, clothes, and furniture, and you can pay for all of them with Bitcoin. Overstock is now a go-to spot for crypto shoppers thanks to this move.

Thanks to its partnership with ShapeShift, the platform currently supports more crypto assets, such as Ethereum, Ripple, and Litecoin. Customers can easily choose crypto at the checkout point and pay via their wallet. 

Twitch

With user-friendly membership and contribution systems, Twitch has become well-known among content providers. One major way that Twitch promotes cryptocurrency is by letting users pay their favorite streamers with cryptocurrency. PayPal and other payment platforms make this function possible, so streamers need to set it up ahead of time.

These platforms let users send tips in more than 50 cryptocurrencies, such as Bitcoin, Ethereum, and Litecoin. Thanks to its partnership with BitPay, Twitch also lets users add to their “bits” using cryptocurrency.

This streaming service is very open to cryptocurrencies, and they’ve even run ads in the past to encourage its adoption. For instance, in 2020, the business started giving a 10% discount to people who paid for channel packages with cryptocurrency. At the moment, there isn’t an offer like this on the platform, but because it supports crypto, there could be one in the future.

AMC Theaters

AMC offers the best movie-going experience with state-of-the-art technology and a huge chain of theaters all over the US. 

Through its relationship with PayPal, AMC started accepting cryptocurrency as payment. This put AMC on the map and turned it into one of the most popular platforms among crypto holders. The same applies to the company’s partnership with BitPay, a reliable platform, to help users reserve their seats with minimum fees and hassle.

The AMC mobile app also works with cryptocurrencies. You can use coins like Bitcoin, Dogecoin, and Shiba Inu to get tickets. The arrangement has been a huge success; by mid-2022, the CEO of AMC had already claimed that crypto payments accounted for roughly a third of all online payments.

Newegg

The popular online retailer NewEgg now uses crypto for its electronics and hardware products. This is big news for the industry because it shows that cryptocurrency is gaining traction as a reliable payment method.

Besides Bitcoin, you can also now buy things from Newegg using Ethereum, Dogecoin, Litecoin, and many other coins, thanks to their partnership with BitPay, much like a lot of other businesses. Of course, we’re still waiting for Newegg to allow BitPay payments for subscriptions and pick-up orders as well.

But, using Bitcoin, you can easily use your crypto wallet to make any sort of payment on NewEgg. You just need to hit “Pay with Bitcoin” and send the amount to the wallet address shown on the page.

Travala

Besides a growing presence in over 200 countries and millions of hotels, Travala has managed to distinguish itself from the likes of Booking.com by accepting cryptocurrency as an online booking method. 

The platform currently supports over 100 cryptocurrencies, from Bitcoin and Ethereum to Bitcoin Cash and Litecoin. Its partnership with Binance Pay and several other exchanges allows Travala to cast a wide net, capturing customers from any demographic available.

The “Smart Program” is another attractive element that Travala offers. Customers must buy and hold AVA tokens to move up the program’s levels, getting bigger savings and prizes as they improve their rankings.

Remaining Hurdles

With new technologies on the horizon, especially AI, cryptocurrency can offer tremendous potential for both e-commerce platforms and consumers. If it wasn’t for a string of unsolved issues, many more platforms would’ve embraced them as a payment method. 

Some of these hurdles are:

Asset Volatility

The unpredictability of cryptocurrency prices is a major obstacle. Cryptocurrencies, on the other hand, can have big price changes in very short amounts of time. This puts businesses at risk because they might get paid in crypto that goes down in value before they can turn it into cash. Therefore, businesses must have ways to quickly change crypto to fiat and lower this risk and avoid losing money.

Not Enough Traction

While crypto has come a long way into e-commerce, many small and big players need bigger numbers to convince them that there’s still a big enough customer base to capture by accepting crypto payments. 

Slow & Limited

Ironically, the most popular cryptocurrencies in e-commerce, Bitcoin and Ethereum, are also among the slowest coins available. Plus, as transaction orders pile up, they can easily suffer from scalability issues, adding to the delay and fees.

Overall, e-commerce platforms and online retailers can gain so much by embracing crypto, but this can only happen in time, with public education and serious regulatory changes.

The post Crypto Checkout: How Digital Currencies are Shaping E-commerce in 2024 appeared first on Metaverse Post.

Web3 venture capital firm The Open Platform (TOP) unveiled a strategic investment in Akedo Games to bolster the evolution of games within The Open Network (TON) blockchain ecosystem.

Akedo Games represents a platform in the Telegram messaging application, backed by the TON Foundation, the entity overseeing the projects on TON. It has been involved in the elaboration of widely played games, encompassing PUBG Mobile, LOL, AFK Arena, as well as Rise of Kingdoms among others. Its ultimate goal is to build a strong community inside of the TON ecosystem.

Akedo plans to release its initial game, Akedog, on July 18th, which will feature non-fungible token (NFT) Pets and a community-driven mechanism. It will be a “tap-to-earn” clicker game where individuals can click to obtain their Telegram NFT Pets Akedog, which can be collected, merged, nurtured, and traded to increase their capabilities for tournaments. Additionally, players will be able to compete to build the strongest Akedog.

TON is a decentralized platform that encompasses TON Blockchain, TON DNS, TON Storage, and TON Sites. It serves as the foundational protocol, unifying TON’s core infrastructure, promoting the cohesion of the wider TON ecosystem. Recently, its ecosystem has experienced notable growth, partly due to initiatives which aim to attract Telegram messaging application users, leading to more than 1.7 million monthly active addresses.

Our investment in @akedofun is a thrilling step forward in bringing the future of #TON gaming to life. At @topdotco, we believe in supporting visionary projects that leverage #blockchain technology to create immersive, engaging, and decentralised gaming experiences. AKEDO… pic.twitter.com/K3tJ8YKShW

— The Open Platform (@topdotco) July 15, 2024

The Open Platform To Support TON Ecosystem Growth

Upcoming solution will assist developers in creating applications, with TON serving as a native asset. It has backed notable projects on TON, encompassing Tonkeeper, GetGems, Notcoin, Ston.fi, and Tonstakers.

“At TOP, we believe in supporting visionary projects that leverage blockchain technology to create immersive, engaging, and decentralized gaming experiences. AKEDO perfectly embodies this vision, and we are excited to see the incredible innovations they will bring to the TON ecosystem,” said the company in a post on social media platform X.

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DeFi’s current status is comparable to having several distinct financial systems that are difficult to communicate with one another. If a user has assets on Ethereum, they cannot be used immediately in DeFi apps on other chains, such as Solana or Binance Smart Chain, without requiring time-consuming bridging procedures. This limits the potential of DeFi overall by causing friction for both developers and consumers.

How to Solve This Problem?

Cross-chain interoperability aims to eliminate these obstacles and provide a strong DeFi environment. Interoperability solutions facilitate smooth connections across various blockchain networks, which might open up new possibilities for composability and liquidity in DeFi. Liquidity could flow freely throughout the whole ecosystem, users could transfer assets between chains with ease, and developers could construct cross-chain apps.

Interoperability for DeFi has enormous potential advantages. Greater capital efficiency may result from it as assets wouldn’t be isolated on separate chains. It is possible that new cross-chain financial services and products that combine the advantages of many networks may surface. DeFi’s overall usability and accessibility would greatly increase, which would encourage widespread adoption.

Photo: Blaize Tech

True cross-chain interoperability is a difficult technological task to achieve, nevertheless. Consensus processes, smart contract languages, and security frameworks differ between blockchains. It is not an easy effort to bridge these gaps while preserving decentralization and security. Numerous initiatives and strategies have surfaced to address the interoperability problem from various perspectives.

One of the first and most popular interoperability solutions was cross-chain bridges. Although bridges have increased asset mobility, as shown by a number of well-publicized bridge hacks, they frequently depend on centralized components and provide additional security issues.

Photo: Basic blockchain bridge schema, Chainlink

Photo: List of blockchain bridges, DefiLlama

Ecosystems that are Currently Working on the Interoperability

In order to provide trustless operation across chains without creating centralized weaknesses, more advanced interoperability protocols are being developed. Polkadot and Cosmos are two projects that are constructing whole ecosystems from the bottom up with cross-chain interoperability in mind.

Several parachains are connected via a central chain in Polkadot’s hub-and-spoke solution. The IBC protocol is used by Cosmos to facilitate the sharing of assets and data between several chains.

By enabling the transfer of assets and data between the main chain and L2 networks, layer 2 scaling solutions like Arbitrum and Optimism are improving Ethereum’s interoperability. Scalability is increased while Ethereum’s security requirements are upheld. The “oracle problem” is being addressed by initiatives such as Chainlink, which offers decentralized data feeds that are interoperable with numerous chains.

Another method for facilitating cross-chain connections is through atomic swaps, which enable peer-to-peer, trustless asset transactions between several blockchains. With this technology, cross-chain trades no longer require middlemen. However, the speed and complexity constraints of atomic swaps have prevented their broad use thus far.

Are There Any Problems with Cross-chain Interoperability?

Security is critical because poorly designed interoperability protocols may offer new attack vectors. The hazards involved are highlighted by the current round of bridge cyberattacks. Scalability is another important consideration since DeFi applications require cross-chain connectivity to be quick and affordable.

It is possible that standardization initiatives will be crucial in promoting interoperability. Cross-chain communication protocols and common standards might make development more easier and increase interoperability across various systems. But it’s not as simple as it seems to come to an agreement on standards in the disordered blockchain setting.

Additionally, the regulatory environment that surrounds cross-chain DeFi operations is unclear. Regulators may find it increasingly difficult to police compliance when assets move freely between chains. The long-term sustainability of cross-chain DeFi will depend on well-defined regulatory frameworks that strike a balance between consumer protection and innovation.

The Importance of Cross-chain Interoperability for the Whole Market

There is no denying the momentum in favor of cross-chain interoperability in DeFi, notwithstanding the obstacles. Cross-chain communication is crucial, but Ethereum co-founder Vitalik Buterin has cautioned about possible security trade-offs in his remarks.

Future DeFi systems are probably going to be multi-chain and compatible by design. We could see a varied ecology of specialized chains and layer 2 networks that are all fluidly integrated, as opposed to a single dominating chain. By doing so, the distinct advantages and characteristics of many networks would be combined while their respective shortcomings would be addressed.

Cross-chain interoperability may open the door to whole new DeFi product and application categories. Imagine a loan protocol that enables users to collateralize assets from one chain to borrow assets on another, or a decentralized exchange that can instantaneously tap into liquidity across many chains. There are a lot of opportunities for financial innovation.

Enhanced interoperability might also aid in resolving some of the present issues with DeFi. Two of the biggest hurdles to the adoption of well-known networks like Ethereum have been gas prices and network congestion. The user experience and overall efficiency might be enhanced by more equitably distributing activity among networks with seamless cross-chain capabilities.

Photo: JMcrypto, Medium

The wider blockchain ecosystem may be greatly affected by the emergence of cross-chain DeFi. It may lessen the winner-take-all dynamic that has typified a large portion of the history of cryptocurrencies by enabling several chains to coexist and specialize. In the industry as a whole, this may encourage increased inventiveness and resilience.

Widespread cross-chain interoperability in DeFi is probably not going to happen overnight. Before spreading to more varied ecosystems, interoperability may first appear amongst closely linked chains (e.g., Ethereum and its numerous layer 2 networks). Battle-testing and auditing will be necessary to gradually gain trust in cross-chain solutions.

Adoption of cross-chain DeFi will also be greatly impacted by user experience and education. Because of the intricacy and lack of experience with bridging operations, many users continue to adhere to a single-chain setting. It will be crucial to provide smooth, intuitive user interfaces that abstract away the difficulties of cross-chain interactions.

During the Hack Seasons Conference in Brussels, Abril Zucchi, a DevRel Advocate at Morph, shared her vision on interoperability. She says that their primary approach as L2 EVM is to bring consumer-focused blockchain applications to our chain. Currently, they’re primarily focusing on scaling solutions for Ethereum. Because of this focus, they’re not prioritizing cross-chain interoperability at the moment.

According to Abril, other companies, like IBC protocols, are working on cross-chain interoperability solutions, while Morph is focused on scaling Ethereum.

The post ​​Breaking Blockchain Barriers: How Cross-Chain Interoperability Is Changing DeFi and Shaping the Future of Finance appeared first on Metaverse Post.

Ethereum Layer 2 network Mint (MINT) announced the launch of Mint Expedition, a mainnet event for Web3 and non-fungible token (NFT) decentralized applications (dApps).

As part of the event, Mint will allocate 12% of the total MINT token supply to participants in Mint voyages. These tokens will be distributed during the airdrop season as a gesture of appreciation and recognition from Mint. Participants eligible for the airdrop include MintID Stakers, Activated GreenID Holders, and Mint Expedition users. The first two groups have been involved in Mint’s initiatives since before the public mainnet launch.

The first season of Mint Expedition, titled Explorer’s Base, officially commences today. Participants at Explorer’s Base can earn MP and Mint Expedition NFTs by completing interactive quests, enabling them to acquire core assets, establish and secure MNS, and pioneer as founding explorers on Mint. Additionally, all MP and Mint Expedition NFTs collected during the expedition qualify participants for MINT airdrops.

Welcome to Mint Expedition – A New Era for Web3 and NFTs Begins Now

Gm Mint community,

Today, we are thrilled to welcome you to Mint Expedition – @Mint_Blockchain’s latest voyage with the flagship ecosystem set to revolutionize Web3 & NFTs decentralized applications… pic.twitter.com/w43V3gSCbg

— Mint (@Mint_Blockchain) July 15, 2024

Mint Expedition invites participants to explore, create, engage with, and benefit from innovative projects while earning Mint MP and Mint Expedition NFTs. This community-driven ecosystem adventure aims to democratize access to Web3 and NFTs, ensuring an engaging experience for all, as highlighted in Mint’s social media post on platform X.

The event will unfold through a series of distinct seasons, each crafted to enrich the user journey. Over the coming months, new routes and opportunities will be unveiled, providing users with activities ranging from the Explorer’s Base to hidden oases and other mysterious adventure zones, culminating in the Mint Airdrop Season.

Particularly, during the entirety of the Mint Expedition, there are three distinct administrative zones, each providing guidance and rewards. The MP Zone incentivizes users to complete quests to earn MP points, while the Mint Expedition NFTs Zone enables users to obtain Mint Expedition NFTs upon quest completion. Additionally, the Referral Zone allows users to earn 10% of the airdrop received by invitees in the Mint Expedition.

Mint Launches Mainnet And Forest Voyage With Over 414,000 Users 

It is an Ethereum-native Layer 2 network designed specifically for the NFT sector, built using the OP Stack and backed by NFTScan and Optimism. Fully compatible with the Ethereum Virtual Machine (EVM), Mint allows Ethereum developers to seamlessly extend their projects to this new network. Additionally, this integration provides reduced gas fees and improved scalability for the Ethereum ecosystem. The project launched its public mainnet earlier in July.  

The recent launch follows the successful rollout of the Mint Dev Mainnet on May 15th and the Public Mainnet release on July 1st. Furthermore, the Mint Expedition follows the Mint Forest Voyage, which garnered participation from over 414,000 unique users and generated 28 million page views.

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Digital asset exchange under the financial services firm HashKey Group, HashKey Global, unveiled UXLINK (UXLINK) as the fourth project on its Launchpool.

Commencing from 16:00 UTC on July 15th, users have the option to lock UXLINK as well as USDT and receive UXLINK incentives during a 5-day period. The yield generation will start at 08:00 UTC on July 18th.

The activity features 1,400,000 UXLINK tokens allocated as rewards. Users can participate in either the UXLINK Pool, offering 420,000 UXLINK prizes, or the USDT Pool, offering 980,000 UXLINK as incentives. It will be active from 08:00 UTC on July 18th to 08:00 UTC on July 23rd.

Token deposits are scheduled to commence at 06:00 UTC on July 15th, while spot trading is slated to start at 08:00 UTC on July 18th. Subsequently, users will be able to withdraw UXLINK tokens from 08:00 UTC on July 19th, all processed through Arbitrum.

What Is UXLINK? 

It is a Web3 platform driven by users, focused on achieving widespread adoption as both a decentralized exchange (DEX) and social infrastructure. Its token has a governance function within its ecosystem, empowering individuals to participate in the processes of decision making. As per UXLINK tokenomics, 65% of tokens are distributed to the community, 21.25% to investors, 8.75% to the team, and 5% to the treasury, guaranteeing a fair allocation model. The total token supply stands at 1 billion UXLINK.

HashKey Global is a recently launched cryptocurrency exchange that debuted in April. It serves primarily retail investors who seek access to the Hong Kong market, extending its services to customers from overseas Chinese communities and Southeast Asian countries. The platform offers more than 21 cryptocurrency trading pairs tailored for qualified retail investors and plans to introduce futures-related products in the coming months.

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Omnichain liquidity layer Orderly Network announced the launch of the X Crypto Trading Championship, a cryptocurrency trading tournament featuring a total prize pool of $175,000 USDC. The initiative aims to incentivize and attract top traders globally through competitive trading events, reigniting enthusiasm within the community for trading activities.

The competition has commenced and is scheduled to run for four weeks, divided into four ranking stages, each lasting one week. Participants’ trading performance will be evaluated in USDC, considering the profit and loss (PNL) across all Orderly Network trading pairs. Rankings will be updated, and rewards will be distributed in accordance with the accumulated points throughout the entire competition.

Participation in the X Crypto Trading Championship is restricted to invited master traders verified by Orderly Network, ensuring a competitive field of skilled participants. Additionally, each Master Trader will receive $10,000 USDC pre-funded to their authorized wallet address prior to the competition’s commencement, enabling them to engage in trading throughout all ranking sessions.

Orderly Network Introduces ‘The Road to the Order’ To Reward Active Traders With Merits 

In conjunction with the launch of the competition, Orderly Network has introduced “The Road to the Order” campaign. This initiative rewards active traders with “Merits”, which enhance their eligibility for an upcoming airdrop event associated with the network’s Token Generation Event (TGE). The campaign has attracted participation from more than 69,000 weekly active traders, who accumulate “Merits” through their trading activities on the platform.

“Merits” represents a points program introduced by Orderly Network in March, allowing individuals to accumulate points that will later be exchanged for its tokens upon the release.

Orderly Network merges an orderbook-based trading infrastructure with a strong liquidity layer that supports spot and perpetual futures orderbooks. Unlike conventional platforms, it operates as a foundational component within the ecosystem, offering critical services to projects integrated with it.

Recently, Orderly Network announced its launch on the Ethereum mainnet, allowing users to conduct direct trading operations at the base layer. Furthermore, the decentralized exchange (DEX) on the Ethereum mainnet now supports perpetual contract transactions facilitated by Orderly Network.

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In this insightful conversation at the Hack Seasons сonference, Ignacio Pastor Sánchez, Head of Software Engineering at Somnia, shares the company’s innovative approach to the Metaverse. From interoperability challenges to the integration of AI, Sánchez offers a glimpse into the future of digital experiences and Somnia’s role in shaping it.

Many entrepreneurs are drawn to their field by a specific moment or event. What was your journey to Web3?

Actually, the specific moment that was exciting was when Beeple sold his NFT at Christie’s for 69 million dollars. That was all over the news here in Spain. I already knew about Bitcoin and was familiar with some cryptocurrency trading because I had some friends in the field. But that was the moment when I thought, “Okay, this is something interesting.”

From then on, I started working especially on NFT projects. My background is in many things, but I found it a bit frustrating at the time because it was very hard for companies to actually gather and provide the data needed to do their work properly. 

Cryptocurrency was basically a fast-moving and very creative industry. There wasn’t so much red tape, so it was very fitting for me as a freelancer at the time. I was having way more fun with Web3 than with machine learning, for example.

Why did you decide to focus on metaverse and not on finances like other companies?

Well, actually, the blockchain side of Metaverse is a different kind of finance. It’s mostly about creating a market for digital assets. However, we focus more on Metaverse because most of the team come from the video game industry. So it’s more obvious for us to focus on Metaverse, addressing what’s wrong with ownership of digital assets in these isolated islands that we have right nowcomesh different studios, etc.

I still see that finance is quite related to the Metaverse. It’s just that Metaverse is more specific or concrete. Finances tend to be very abstract. With Metaverse, you know what digital assets we’re talking about because you’re familiar with that from the video game world. But you’re bringing it to the financialization of it, enabling users to actually own those assets.

Do you think there are ways we can attract people from traditional industries to the Metaverse?

I think so, yes. Especially in the entertainment industry or, of course, the video game industry, but that’s not that traditional. There are a lot of possibilities for 3D experiences in education and training in traditional companies—for example, simulations of industrial settings where the Metaverse can have a very important role.

Also, I personally feel like the logical evolution of these meetings that we’re having would be something more similar to a 3D experience where you actually kind of trick the brain into being more in touch with the person that’s in front of you rather than a plain screen.

How does Somnia’s vision of the “Metaverse Computer” differ from existing metaverse platforms, and what unique advantages does it offer?

With the Metaverse computer, we’re focusing on two areas. One is interoperability. Right now, every Metaverse company does things their own way. We are very focused on creating a set of standards that are open and that other developers who have no relation with us could use.

Then, we are focused on providing the computing infrastructure that this kind of experience needs. We find that there is no solution on the market that actually has the performance requirements we think are necessary. 

So we are going to provide the infrastructure for building on top of it but with open standards. It doesn’t necessarily need to be us building those experiences, but we are opening up to other companies and developers.

What unique features does the Somnia metaverse browser offer, and how does it enhance user experience compared to traditional web browsers?

Right now, the current form of the Metaverse browser is basically a limited browser. In a web browser, you can go wherever. The Metaverse browser, let’s say, is a closed environment where we are abstracting away the wallet interactions from the user. We generate a wallet for you and let you interact with blockchain, but the user most of the time is not aware of it.

It was our thesis that sometimes crypto and dealing with MetaMask, etc., is a bit scary and a high barrier for users. So, it serves a double purpose. You don’t need to actually interact with all of those scary messages like, “Are you sure you want to interact with this?” Because it’s a closed set of applications that we provide, you could say that it’s like a safe environment, so you don’t need to worry about going to too few sites or dangerous places where you could lose your assets.

As you said, AI is overtaking Metaverse, but do you think if we combine AI and Metaverse, it will be a second chance for the Metaverse?

Yeah, I think there are a lot of applications for AI in the Metaverse. I’m thinking specifically about lowering the cost of creating new experiences. There have been a lot of new developments in 3D generation with AI lately. Basically, the generation of assets is one of the highest hurdles when creating experiences. You need to create new stuff, and 3D modeling is not an easy task. I think that AI can help a lot with that.

AI can also help a lot with content moderation and safety. Within the Metaverse, there are many applications where both technologies complement each other.

How do you envision the future of cross-platform interoperability in the metaverse, and what steps is it taking to achieve this vision?

I think that is our final target. The idea here is that we want to have a set of open standards, kind of like the way the EVM ecosystem has been successful because they were successful in getting some standards that everyone agrees on and then you can build on top of those standards.

So, you don’t need to actually agree with a certain developer on how to do things. You’re just getting this standard, and then you can build on top of that. That’s the way that we see interoperability. There is a baseline of standards where we all agree, and then we can build on top of each other and compete in that area. However, ensuring that you always have at least a minimum amount of interoperability is important.

Can you discuss some of the most exciting metaverse experiences or applications currently being developed on the Somnia platform?

We’ve had successful partnerships where we have these edition hotshots and other Metaverse experiences where we gather many people to play together. We also have our AMAs, which allow us to get the community into these 3D environments. And it’s fun because it’s very curious, even if it’s just seeing yourself in a 3D environment where you can move and interact with people. It gives you a lot of the feeling of getting more connected with people.

We are going to release a new project that I’m very excited about, which is Metaverse Playground where you can create a mini Metaverse of your own for friends and get that same experience in a self-serve manner. So that has been very exciting and I think that’s going to be very cool for users.

How do you envision the evolution of digital identity and avatar systems in the Metaverse?

We envision that as basically a network of different assets that tie back together to one single person. So right now you have NFTs that identify you as part of, let’s say, a tribe or the Moonbirds, whatever. The idea for us on identity is linking all of those assets. We don’t care if it’s like different wallets, different NFTs, etc., but the idea is having a structure basically as a graph.

Wherever you are, whatever Metaverse you’re going to, you have one entry point in any part of that graph, but we can track your entire set of identities. We all have different identities – our professional self, our family self, etc. 

So the idea here is even if you have different assets that identify you as an individual, we want to make the relation to all of those assets. We want to have a complete picture of who you are on the blockchain or in the Metaverse. And then we can do that in a safe manner as well, not exposing your assets, of course.

Can you discuss the company’s plans to support and integrate virtual economies and marketplaces?

One of the advantages of us having this open set of standards and partnering with other companies to make it easier for creators to develop new assets is that, of course, we want to give incentives for these creators to create new assets that can then be used in different experiences. So that’s one of the key pillars of our product.

We’re allowing users or giving a set of standards for users to create an object and then put it on sale. Or rather than the object itself, the right to use that object within a given experience. It’s also very important for us to have these marketplaces and economic interactions cross-chain because it would be against the ethos of Web3 to just lock in this economy within our chain. So, we really defend the idea that these marketplaces should all be cross-chain. You should have the right to make transactions wherever you want.

How do you see the emergence of traditional industries, like real estate, travel, and entertainment, in the Metaverse?

Honestly, there are some traditional industries where Metaverse makes sense and others where it doesn’t. For example, I don’t think that real estate should be translated to the Metaverse, because by definition, the amount of land that you can have is infinite, almost only limited by computation and storage power.

But for travel and entertainment, I think there is a real opportunity there. As I said, Metaverse experiences, at least on a personal level, make you feel more connected with the people on the other side. 

For entertainment, we had some experiences with Major League Baseball through a partner, and it’s very fun to see people actually interacting, like fans of the sport, being in the Metaverse, seeing it on the screen from within the Metaverse, but then interacting among themselves and actually making friends. So, there is a big opportunity for disruption in entertainment, sports, and even travel. It needs to be pushed.

What do you think is the current topic that is not covered enough by the media or by conferences?

Honestly, most of the time I would say it’s regulation, because it’s boring and nobody wants to hear about regulation. Whenever I go to a conference, it’s always the last speaker talking about regulation. And everyone’s already tired or already leaving. And I think it’s really important for us to know where we’re going in terms of regulation.

The post Safe, Secure, and User-Friendly: How Somnia’s Metaverse Browser is Lowering Entry Barriers Within Web3 appeared first on Metaverse Post.

Game inscription within the Bitcoin ecosystem, MOBTC announced its official launch with a focus on advancing the SRC-20 inscription game ecosystem.

MOBTC utilizes the new approach to redefine the consensus method of previous inscriptions, positioning itself as a benchmark for SRC-20 inscriptions and leading the Bitcoin inscription ecosystem, the project stated in a post on social media platform X.

After extensive data analysis, MOBTC has garnered a substantial following. Furthermore, its increasing market value has positioned it as a highly regarded inscription within the SRC-20 ecosystem, contributing to its development.

The new era of bitcoin inscription, the MOBTC Bitcoin protocol, launched the ecological game inscription MOBTC, focusing on promoting the prosperity of the src-20 inscription game ecology. MOBTC adopts the advanced concept to rewrite the consensus method of previous inscriptions,…

— MOBTC (@mario240606) July 15, 2024

Currently, MOBTC is listed on Openstamp, a marketplace for SRC-20 tokens and stamps, with a total supply of 10 billion assets. At present, it represents a third top project on the marketplace. It has recorded a 24-hour trading volume of 0.483 BTC and a total volume of 15.26 BTC. As of now, there are MOBTC 3,144 asset holders. Meanwhile, its Telegram community accounts to more than 6,000 users. 

SRC-20 Tokens Gain Momentum, Enhancing Bitcoin Network Functionality

SRC-20 tokens, the token standard supporting Bitcoin Stamps—a protocol for secure, tradeable art maintained on the blockchain—have garnered considerable interest recently. The protocol focuses on embedding data within Bitcoin transactions, resembling the BRC-20, but adopting a unique approach to data embedding. The tokens utilize Bitcoin Stamps technology to attach data to Bitcoin transactions. This token standard enhances the functionality of the Bitcoin network by facilitating the creation and management of assets.

Often described as “Bitcoin’s nonfungible tokens (NFTs),” Stamps integrates ideas inspired by Counterparty, a peer-to-peer (P2P) platform built on Bitcoin. The platform also draws roots from colored coins, a set of techniques used to distinguish specific units of a cryptocurrency.

Stamps represent an emerging technology with ongoing development aimed at enhancing ecosystem efficiency and fostering adoption through practical use cases. Essentially, acquiring Stamps is akin to purchasing a large image and downloading it gradually. Users spend BTC to acquire Stamps, which are data components stored within UTXOs.

The post Bitcoin-Based Inscription MOBTC Announced Its Launch, Aiming To Bolster SRC-20 Inscription Ecosystem appeared first on Metaverse Post.

The Hack Seasons Conference in Brussels on July 7th has brought together visionary leaders, innovative developers, the most prominent brands, and forward-thinking investors from around the globe. The conference featured a packed agenda filled with insightful panels, engaging keynote speeches, and hands-on workshops, all designed to foster collaboration and drive the industry forward.

Attendees had the opportunity to explore the latest advancements in zero-knowledge proofs, investment strategies in volatile markets, scalable ecosystem development, the GameFi sector, and the future of Ethereum and cross-chain ecosystems. 

The conference wrapped up just a week ago, and there’s still so much to share. Let’s take a look at the major highlights and photos from the event.

Main Track Got the Hottest Insights

The conference boasted a longlist of top speakers. It began with an inspiring welcome speech by Vadim Krekotin, the founder, and Alex Mukhin, the co-founder, who set an enthusiastic tone for the day. This was followed by the first-panel discussion on “Embracing ZK for Upcoming Adoption,” moderated by Alex Mukhin. The discussion featured insights from Roshan Raghupathy, a researcher at Marlin, Vlad Bochok, the “Master of Everything” at ZKSync, and Sarah Grace, a product manager at zkLink.

Next, Cecilia Hsueh, the Co-Founder and CEO of Morph, delivered a keynote speech introducing the Morph Ecosystem, capturing the audience’s attention with her vision and expertise. 

The following panel, moderated by Terry Culver, Executive Director at DFG, delved into “Seeking the Most Profitable Investment in the Current Market.” The panelists, Gabriele Zannaro from Outlier Ventures, Jenny Cheng from Shuttle Capital, Mathias Beke from KAIRON, and Ray Xiao from IOSG, shared their valuable perspectives on navigating investments in today’s market.

Mathias Beke returned to the stage to highlight the importance of liquidity during a bull market in his keynote speech, providing critical insights into market dynamics. This led to a panel on “Strategies for Scaling Robust Ecosystems,” moderated by Joey Anthony from MONAD. Panelists included Gnana Lakshmi from STARKNET, Sunny Lu from Vechain, Pranay Valson from Covalent, and Vlad Degen from TON, who explored various strategies to scale and maintain robust ecosystems.

Viacheslav Shebanov, CTO at dRPC, delivered a compelling keynote on whether the future of the Web3 data layer will be centralized, sparking thought-provoking discussions. 

The afternoon sessions continued with a focus on “Building and Growing GameFi Ecosystems,” moderated by Alexey Stelmakh, featuring Ian Wallis from Consensys and Ben Miller from SKALE, who discussed the growth and potential of GameFi.

The conference then explored “How Restaking Fuels the Future of Ethereum and Cross-Chain Ecosystems” in a panel moderated by Matan Si from Lighthouse Labs. Ramani Ramachandran from Router, Jakov Buratovic, a DeFi contributor from Lido, Nader Dabit from EigenLayer, and Apeguru from Lynex provided deep dives into the future of Ethereum and cross-chain developments. 

Edi Sinovcic from Space Shard moderated the subsequent panel on “Blockchain 2.0: Embracing the Modular Era,” featuring Viacheslav Shebanov from dRPC, Mustafa Al-Bassam from Celestia, Dorothy from AltLayer, and Antoni Palazzolo from Flow Dapper Labs.

Alex Mukhin returned to the stage to deliver a keynote on “The Naked Truth About Crypto 2024,” offering candid insights into the current state and future of crypto. This was followed by a panel on “Practical Applications of DeFi & AI Fueling Global Adoption,” moderated by Vitalis Elkins, with insights from Jacob Zhao of Arweave SCP, Anil Murty from Akash, Vasiliy Sumanov from PowerPool, Mariela Tanchez from IoTeX, and Jan Czernuszka from DFINITY Foundation.

Claudio Cossio of Meta Pool DAO & ICP Hub Mexico presented a keynote on “Liquid Staking on ICP,” explaining its significance and benefits. Josh Crites from Aztec moderated the panel “ZK: The Key to Unlocking Private & Scalable Web3,” featuring Kevin Wang from Manta Network, Jarrod Watts from Polygon, Zack Xuereb from Aleo, and Phil Kelly from zkLabs. 

The final panel of the day, “Past to Present: Analyzing Bull Runs and Market Dynamics,” was moderated by Denney Kwok from Circle and included insights from Ciara Sun of C^Ventures, Kevin Ren from CGV, Vadim Krekotin from Cryptomeria Capital, and Kimberly Adams from Bankless Ventures.

Engaging Workshops with the Industry Leaders

In addition to the main track panels, the conference featured several hands-on workshops designed to provide participants with practical skills and knowledge. Wes Floyd, Solution Architect/DevRel at EigenLayer, gave an in-depth overview and demonstration on building your first AVS with “Hello-World-AVS.” 

Vasily Sumanov, Head of Research at PowerPool, discussed automating transactions for DeFi and AI using PowerPool. Alp Bassa, a research scientist at Veridise, presented tools for security in the ZK domain, while Sarah Grace from zkLink explored the concept of Beyond Rollups, focusing on aggregation, abstraction, and infinite-scale blockchain.

Abril Zucchi from Morph explained the fundamentals of zero-knowledge proofs, making complex cryptographic concepts accessible. Usman Asim from Avalanche led a workshop on building your own Layer 1 with Avalanche, covering custom virtual machines and powerful consensus mechanisms. Humpty from Ontology discussed building powerful cross-chain identity-driven experiences with ONT ID and facilitated a mini-panel on the topic.

Jan Camenisch, CTO at DFINITY Foundation, focused on building with Chain Fusion, detailing its integration and advantages. Ignacio from Somnia provided a walkthrough on MML and its relation to the metaverse and the Somnia ecosystem. 

Aditya Arora from Pyth conducted a workshop on pulling the data that developers deserve, emphasizing the importance of data accessibility and reliability. Robert Kodra from Starknet discussed building on Starknet, highlighting its unique features and development benefits. Lastly, Ryan Wegner from Scroll shared tips on avoiding security pitfalls in his session, offering crucial advice on best practices.

Useful Insights About Market Trends From Our Partners 

We’ve had the privilege of engaging in insightful conversations with several industry leaders and visionaries leading up to the Hack Seasons Conference. Here’s a glimpse into what they shared:

Gnana Lakshmi, Developer Advocate at Starknet Foundation

Gnana, affectionately known as Gyan, shared her perspectives on the evolving Web3 industry in India. She discussed the roles of StarkEx and Starknet within the ecosystem, emphasizing how these technologies contribute to scalability and efficiency in decentralized applications. 

Gyan also highlighted the strategic advantages of the STARK token and expressed enthusiasm about the future integration of gaming on Starknet. Her dedication to education and emerging technologies was evident as she detailed her contributions to Starknet’s vision and her anticipation for the upcoming Hack Seasons Brussels.

Ramani Ramachandran, CEO of Router Protocol

Ramani provided in-depth insights into Router Protocol’s architecture, particularly focusing on the evolution from Router V1 to V2. He explained the concept of modularity in Router Chain and its implications for liquidity fragmentation and security within decentralized finance (DeFi) ecosystems. His visionary approach underscored Router Protocol’s commitment to enhancing interoperability and user experience across various blockchain networks.

Altan Tutar, Co-Founder and CEO of Nuffle Labs and NEAR Contributor

Altan shared his perspective on the Web3 industry’s evolution, emphasizing the practical applications of zero-knowledge technology. He discussed NEAR’s innovative approaches to improving developer experiences and expanding blockchain adoption through scalable solutions. Altan’s insights highlighted Nuffle Labs’ contributions to pushing the boundaries of blockchain technology, particularly in enhancing user privacy and decentralization.

Shubham Bhandari, Ecosystem Head at Manta Network

Shubham elaborated on Manta Network’s focus on EVM compatibility and zero-knowledge-proof technology. He emphasized the network’s role in addressing the challenges of privacy and scalability in decentralized applications while also supporting low gas fees. Shubham’s discussion underscored Manta Network’s commitment to fostering a robust ecosystem for decentralized finance and blockchain-based applications.

Vince Yang, CEO of zkLink

Vince provided valuable insights into ZK technology and its implications for blockchain scalability and interoperability. He discussed zkLink’s innovative solutions aimed at overcoming current limitations in crypto mining efficiency and blockchain transaction throughput. Vince’s perspective highlighted the critical role of interoperable solutions in driving the next phase of blockchain adoption and ecosystem growth.

Cecilia Hsueh, Co-founder and CEO of Morph

Cecilia discussed the importance of decentralized sequencers for blockchain security and the role of responsive validity-proof technology in improving layer two state verification. She outlined Morph’s modular architecture designed to support consumer blockchain applications, emphasizing scalability and regulatory compliance. Cecilia’s insights reflected Morph’s strategic focus on achieving mass adoption through user-friendly blockchain solutions.

Geoffrey Richards, Europe Ecosystem Lead at Ontology

Geoffrey shared his journey into Web3 and Ontology’s innovative approach to decentralized identity. He explained how Ontology is redefining trust in the digital world through the ONT ID framework, emphasizing its potential impact on various industries. Geoffrey addressed challenges in mass adoption and highlighted Ontology’s efforts in digital identity protection, underscoring the importance of secure and efficient blockchain solutions.

The post Groundbreaking Insights: Keynotes and Panels That Shaped the Future of Blockchain at Hack Seasons Conference appeared first on Metaverse Post.