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When thinking about global trade, the logistics sector is a vital part responsible for ensuring safe and effective transportation worldwide. Blockchain, in turn, has been transforming the management of this sector, enabling opportunities for process automation and increased security. Given the complexity of processes, the challenges involved in this sector, and the context in which companies are expected to demonstrate operational transparency, transport security, and consequently reliability, blockchain technology emerges as an ally. In this regard, it is important to note that according to Grand View Research data, 12.5% of the revenue from the global blockchain market was allocated to the logistics sector, highlighting the recognition of its importance and positive impact on logistics operations. Therefore, one of the main functionalities brought by blockchain is the ability to enable real-time tracking of a product from its origin to its final destination. The technology also ensures the creation of a digital copy of a physical object or even an operational or industrial process, improving transparency and reducing operational risks. #Binance #defi #ethereum #bitcoin #blockchain​
When thinking about global trade, the logistics sector is a vital part responsible for ensuring safe and effective transportation worldwide. Blockchain, in turn, has been transforming the management of this sector, enabling opportunities for process automation and increased security.

Given the complexity of processes, the challenges involved in this sector, and the context in which companies are expected to demonstrate operational transparency, transport security, and consequently reliability, blockchain technology emerges as an ally.

In this regard, it is important to note that according to Grand View Research data, 12.5% of the revenue from the global blockchain market was allocated to the logistics sector, highlighting the recognition of its importance and positive impact on logistics operations.

Therefore, one of the main functionalities brought by blockchain is the ability to enable real-time tracking of a product from its origin to its final destination. The technology also ensures the creation of a digital copy of a physical object or even an operational or industrial process, improving transparency and reducing operational risks.

#Binance #defi #ethereum #bitcoin #blockchain​
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#NulsBlockchain! Flexible and customizable solutions In 2017, project #NULS was born, an open source and decentralized blockchain infrastructure that offers flexible, customizable and adaptive solutions based on the new Blockchain 3.0 standard, which seeks to solve and eradicate the problems brought by version 1.0 blockchains dot and 2.0 thus guaranteeing accelerated adoption of this technology. NULS has a structure with pioneering technologies in the market, so its experience in the sector is ahead of the competition. Its foundation is made up of interconnected microservices with an updated modular architecture which means that its modules can be customized and molded. Go to the official Nuls YouTube channel called ( NULS Blockchain to learn more. #blockchain​ #BitcoinLayer2 #criptomonedasenespañol #inversiones $BTC $ETH $NULS
#NulsBlockchain! Flexible and customizable solutions

In 2017, project #NULS was born, an open source and decentralized blockchain infrastructure that offers flexible, customizable and adaptive solutions based on the new Blockchain 3.0 standard, which seeks to solve and eradicate the problems brought by version 1.0 blockchains dot and 2.0 thus guaranteeing accelerated adoption of this technology. NULS has a structure with pioneering technologies in the market, so its experience in the sector is ahead of the competition. Its foundation is made up of interconnected microservices with an updated modular architecture which means that its modules can be customized and molded.

Go to the official Nuls YouTube channel called ( NULS Blockchain to learn more.

#blockchain​ #BitcoinLayer2 #criptomonedasenespañol #inversiones

$BTC $ETH $NULS
👉👉👉 #blockchain​ Startup Figure Technologies Seeks US Regulatory Approval for Interest-Bearing #stablecoin Figure Technologies, a financial technology company founded by former #SOFI Technologies CEO Mike Cagney, is seeking approval from U.S. regulators to launch an interest-bearing stablecoin. If approved, Figure would become the first company to offer a stablecoin regulated as a security in the United States. The company filed a draft registration statement with the Securities and Exchange Commission (SEC) in October under the subsidiary name Figure Certificate Co. The stablecoin is planned to be registered as "face-amount certificates," a type of fixed-income security, and issued using blockchain technology. Once approved, it will be available to both retail and institutional investors in the U.S. Figure Markets, the digital asset arm of Figure, is reportedly seeking to raise $50 million at a valuation of $250 million, with Jump Crypto potentially being considered as a lead investor. Unlike traditional stablecoins pegged at a 1:1 ratio with the U.S. dollar, Figure's stablecoin will be redeemable at a value of 1 cent per certificate. Interest will accrue daily and be paid monthly to stablecoin holders, and the interest will be derived from reserves consisting of treasury securities, commercial paper, corporate debt, and other assets. The stablecoin is intended to be an alternative for payments and transaction settlements, offering yield backed by highly liquid, investment-grade assets. It's important to note that approval for Figure's proposal is not guaranteed, and the application process is likely to contribute to ongoing debates on how stablecoins should be regulated in the U.S. President Joe Biden has identified oversight of the stablecoin sector as a priority, and Figure's initiative adds to the evolving landscape of digital assets and financial products. Source - Cryptonews.com #CryptoNews #BinanceSquare
👉👉👉 #blockchain​ Startup Figure Technologies Seeks US Regulatory Approval for Interest-Bearing #stablecoin

Figure Technologies, a financial technology company founded by former #SOFI Technologies CEO Mike Cagney, is seeking approval from U.S. regulators to launch an interest-bearing stablecoin. If approved, Figure would become the first company to offer a stablecoin regulated as a security in the United States. The company filed a draft registration statement with the Securities and Exchange Commission (SEC) in October under the subsidiary name Figure Certificate Co.

The stablecoin is planned to be registered as "face-amount certificates," a type of fixed-income security, and issued using blockchain technology. Once approved, it will be available to both retail and institutional investors in the U.S. Figure Markets, the digital asset arm of Figure, is reportedly seeking to raise $50 million at a valuation of $250 million, with Jump Crypto potentially being considered as a lead investor.

Unlike traditional stablecoins pegged at a 1:1 ratio with the U.S. dollar, Figure's stablecoin will be redeemable at a value of 1 cent per certificate. Interest will accrue daily and be paid monthly to stablecoin holders, and the interest will be derived from reserves consisting of treasury securities, commercial paper, corporate debt, and other assets. The stablecoin is intended to be an alternative for payments and transaction settlements, offering yield backed by highly liquid, investment-grade assets.

It's important to note that approval for Figure's proposal is not guaranteed, and the application process is likely to contribute to ongoing debates on how stablecoins should be regulated in the U.S. President Joe Biden has identified oversight of the stablecoin sector as a priority, and Figure's initiative adds to the evolving landscape of digital assets and financial products.

Source - Cryptonews.com

#CryptoNews #BinanceSquare
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🚀🚀🚀 #SEC Whistleblower Reveals Chai Payments App in Terra Ecosystem Didn’t Use Crypto 🚀🚀🚀 Four cryptocurrency tokens offered by Do Kwon and Terraform Labs, the company he co-founded, have been deemed unregistered securities in a recent summary judgment ruling by Judge Jed Rakoff of the U.S. Court for the Southern District of New York. The tokens in question include #TerraUSD (UST), $LUNA , wLUNA, and Mirror Protocol (MIR). Notably, the ruling dismissed the notion that Terra’s Mirror Protocol “mAssets” constituted security-based swaps. The judgment highlighted a crucial revelation regarding the Chai payments platform, which Kwon often promoted as a real-world use case of the Terra #blockchain​ . The SEC presented evidence indicating that the Chai platform did not operate on the Terra blockchain as claimed. Payments were allegedly settled using traditional methods and then mirrored on the Terra blockchain through a server under Kwon’s control, according to an email from a Chai employee in May 2020. Moreover, a whistleblower, identified as Chai’s Chief Product Officer, disclosed that a former Terraform employee who joined Chai revealed that “there’s no crypto going on within Chai.” The whistleblower claims to have confronted Kwon about Chai’s true nature in September 2021, with Kwon allegedly showing indifference. Despite compelling evidence, Judge Rakoff acknowledged disputes of material fact, particularly concerning the credibility of whistleblowers. The defense argues that one whistleblower attempted to extort Kwon and Terra co-founder Daniel Shin after being terminated from Chai. Inconsistencies in the whistleblower’s account, including the source of information about Chai’s systems, also contribute to the disputes. Terraform CTO Chris Amani contradicts claims, stating Chai used the blockchain. The court ruled Kwon and Terraform violated U.S. law for unregistered digital currencies. Summary judgment on SEC fraud claims denied, trial scheduled for January 29, 2024. Source - Ruholamin Haqshanas @ruholamin-haqshanas Website - Cryptonews
🚀🚀🚀 #SEC Whistleblower Reveals Chai Payments App in Terra Ecosystem Didn’t Use Crypto 🚀🚀🚀

Four cryptocurrency tokens offered by Do Kwon and Terraform Labs, the company he co-founded, have been deemed unregistered securities in a recent summary judgment ruling by Judge Jed Rakoff of the U.S. Court for the Southern District of New York. The tokens in question include #TerraUSD (UST), $LUNA , wLUNA, and Mirror Protocol (MIR). Notably, the ruling dismissed the notion that Terra’s Mirror Protocol “mAssets” constituted security-based swaps.

The judgment highlighted a crucial revelation regarding the Chai payments platform, which Kwon often promoted as a real-world use case of the Terra #blockchain​ . The SEC presented evidence indicating that the Chai platform did not operate on the Terra blockchain as claimed. Payments were allegedly settled using traditional methods and then mirrored on the Terra blockchain through a server under Kwon’s control, according to an email from a Chai employee in May 2020.

Moreover, a whistleblower, identified as Chai’s Chief Product Officer, disclosed that a former Terraform employee who joined Chai revealed that “there’s no crypto going on within Chai.” The whistleblower claims to have confronted Kwon about Chai’s true nature in September 2021, with Kwon allegedly showing indifference.

Despite compelling evidence, Judge Rakoff acknowledged disputes of material fact, particularly concerning the credibility of whistleblowers. The defense argues that one whistleblower attempted to extort Kwon and Terra co-founder Daniel Shin after being terminated from Chai. Inconsistencies in the whistleblower’s account, including the source of information about Chai’s systems, also contribute to the disputes.

Terraform CTO Chris Amani contradicts claims, stating Chai used the blockchain. The court ruled Kwon and Terraform violated U.S. law for unregistered digital currencies. Summary judgment on SEC fraud claims denied, trial scheduled for January 29, 2024.

Source - Ruholamin Haqshanas @ruholamin-haqshanas
Website - Cryptonews
Zeitgeist Integrates With Polkassembly to Gamify Polkadot Governance#BTC 🗣🗣Empower Our Mission: Tips For Dedicated Service. 🗣🗣👉Users are encouraged to support the mission by offering generous tips.🗣This empowers creators to work even harder, ensuring the continued delivery of top-notch investment advice. @wisegbevecryptonews9 #Polkadot prediction market Zeitgeist has announced an integration with Polkassembly to shake up decentralized governance. As a result, users will be able to profit from Polkadot governance decisions by using Zeitgeist’s prediction market to correctly guess their outcome.Thanks to the integration, incentives for participating in and monitoring Polkadot governance decisions will grow. This should drive greater decentralized voting by token-holders, maximizing #community engagement. It will also add some spice to the outcome of decisions, giving Zeitgeist users a direct financial incentive to keep tabs of Polkadot activity.Transforming the Zeitgeist for Polkadot GovernanceZeitgeist features dozens of prediction markets covering everything from the likelihood of #blockchain​ exploits to the outcome of sporting events. Current markets include whether Tyson Fury will beat Oleksandr Usyk in their February 17 bout; whether Blast Bridge will be exploited; and whether SBF will be sentenced to 50 years or more.Polkadot governance decisions are also now eligible for the prediction market treatment. Governance-related markets are already live on Zeitgeist. One concerns whether Referendum 385, a community memecoin marketing campaign, will pass and if so whether the proposers will deliver on the promises made in the proposal. So far, the market has accrued 3.35K in $DOT  volume.Another governance market that’s live concerns whether Lunar agency will deliver on Proposal 385 concerning $DED marketing. As Polkadot activist Giotto De Filippi urges, “The implied probability is that the delivery is 90% likely. If you’re a critic of Lunar I encourage you to bet against and take the money.”Gamifying Governance One Vote at a TimeWithin any blockchain #ECOSYSTEM , governance decisions create winners and losers. While some proposals pass virtually unopposed, others are highly contentious. For example, the “whale wars” that were ignited over Polkadot OpenGov saw major stakeholders clash in governance decisions. Thanks to Zeitgeist, more members of the Polkadot community can participate in governance indirectly through having skin in the game.Zeitgeist CEO Logan Saether explains:“The integration allows easy access to ongoing referenda, with an added feature for making predictions on the proposal’s outcome. We’re aiming for most of these markets to be denominated in DOT, facilitating participation for the Polkadot community.”Zeitgeists’s prediction markets will be directly integrated into the Polkassembly user interface. This means that users of the Polkadot OpenGov system will be able to leverage their insights to make predictions and be rewarded every time they accurately call the outcome.There’s money to be made from mastering the art of prediction markets. The Zeitgeist leaderboard charts the top earners for the year to date. Top of the leaderboard is Valkyrie, who has participated in 10 markets and won almost $1,000. The next entrant has participated in an impressive 26 markets and earned more than $500 so far.The teams at Zeitgeist and Polkassembly are now finalizing the integration which is expected to be completed soon, heralding a new era for Polkadot governance.

Zeitgeist Integrates With Polkassembly to Gamify Polkadot Governance

#BTC 🗣🗣Empower Our Mission: Tips For Dedicated Service. 🗣🗣👉Users are encouraged to support the mission by offering generous tips.🗣This empowers creators to work even harder, ensuring the continued delivery of top-notch investment advice. @wisegbevecryptonews9 #Polkadot prediction market Zeitgeist has announced an integration with Polkassembly to shake up decentralized governance. As a result, users will be able to profit from Polkadot governance decisions by using Zeitgeist’s prediction market to correctly guess their outcome.Thanks to the integration, incentives for participating in and monitoring Polkadot governance decisions will grow. This should drive greater decentralized voting by token-holders, maximizing #community engagement. It will also add some spice to the outcome of decisions, giving Zeitgeist users a direct financial incentive to keep tabs of Polkadot activity.Transforming the Zeitgeist for Polkadot GovernanceZeitgeist features dozens of prediction markets covering everything from the likelihood of #blockchain​ exploits to the outcome of sporting events. Current markets include whether Tyson Fury will beat Oleksandr Usyk in their February 17 bout; whether Blast Bridge will be exploited; and whether SBF will be sentenced to 50 years or more.Polkadot governance decisions are also now eligible for the prediction market treatment. Governance-related markets are already live on Zeitgeist. One concerns whether Referendum 385, a community memecoin marketing campaign, will pass and if so whether the proposers will deliver on the promises made in the proposal. So far, the market has accrued 3.35K in $DOT  volume.Another governance market that’s live concerns whether Lunar agency will deliver on Proposal 385 concerning $DED marketing. As Polkadot activist Giotto De Filippi urges, “The implied probability is that the delivery is 90% likely. If you’re a critic of Lunar I encourage you to bet against and take the money.”Gamifying Governance One Vote at a TimeWithin any blockchain #ECOSYSTEM , governance decisions create winners and losers. While some proposals pass virtually unopposed, others are highly contentious. For example, the “whale wars” that were ignited over Polkadot OpenGov saw major stakeholders clash in governance decisions. Thanks to Zeitgeist, more members of the Polkadot community can participate in governance indirectly through having skin in the game.Zeitgeist CEO Logan Saether explains:“The integration allows easy access to ongoing referenda, with an added feature for making predictions on the proposal’s outcome. We’re aiming for most of these markets to be denominated in DOT, facilitating participation for the Polkadot community.”Zeitgeists’s prediction markets will be directly integrated into the Polkassembly user interface. This means that users of the Polkadot OpenGov system will be able to leverage their insights to make predictions and be rewarded every time they accurately call the outcome.There’s money to be made from mastering the art of prediction markets. The Zeitgeist leaderboard charts the top earners for the year to date. Top of the leaderboard is Valkyrie, who has participated in 10 markets and won almost $1,000. The next entrant has participated in an impressive 26 markets and earned more than $500 so far.The teams at Zeitgeist and Polkassembly are now finalizing the integration which is expected to be completed soon, heralding a new era for Polkadot governance.
#Chainlink (LINK) Price Explosion: What Happened? Ethereum (#ETH ) Price Rally Lacks Backbone, Can Bitcoin ($BTC ) Break Through 50 EMA? Chainlink has outpaced the broader crypto market with a remarkable 16% surge in the last 48 hours, driven by various factors, including a surge in activity within previously dormant wallets, signaling renewed movement in the Chainlink ecosystem. Chainlink (LINK) has experienced a notable surge, evident in the spike of Age Consumed to 5.38 billion, indicating increased coin movement after days of inactivity. This heightened activity has injected volatility and liquidity, driving the price upward. Technically, Chainlink has surpassed key resistance levels and is working to establish new support. The breach of the significant resistance at $15.29 signals strong bullish sentiment, potentially leading to further growth with sustained momentum. Chainlink (LINK) faces a key hurdle at around $18.39, signaling potential for an extended upward trend. Support is expected around $14.29, with a further decline possibly testing the $13.18 zone. Ethereum contends with stagnation amid competition from rivals like Solana, which is gaining momentum in #blockchain​ activity. Ethereum's price is consolidating around $2,300, struggling to muster the strength for a decisive move. The key resistance level at $2,337 presents a hurdle, and a breakthrough could lead to testing the $2,450 zone. Support levels at $2,193 and $2,042 may come into play, indicating a cautious market sentiment with investors possibly waiting for a stronger trend reversal signal. Bitcoin's recent breach above the 50-day Exponential Moving Average (EMA) indicates strength and a potential reversal from consolidation. The 50 EMA, historically crucial for determining short-term trends, now serves as significant support. Priced around $42,000, Bitcoin targets further gains, aiming to test the $43,500 resistance. Sustaining momentum above the 50 EMA is vital to preserve the optimistic outlook and prevent fallbacks. Source - u.today #CryptoNews #BinanceSquareTalks
#Chainlink (LINK) Price Explosion: What Happened? Ethereum (#ETH ) Price Rally Lacks Backbone, Can Bitcoin ($BTC ) Break Through 50 EMA?

Chainlink has outpaced the broader crypto market with a remarkable 16% surge in the last 48 hours, driven by various factors, including a surge in activity within previously dormant wallets, signaling renewed movement in the Chainlink ecosystem.

Chainlink (LINK) has experienced a notable surge, evident in the spike of Age Consumed to 5.38 billion, indicating increased coin movement after days of inactivity. This heightened activity has injected volatility and liquidity, driving the price upward. Technically, Chainlink has surpassed key resistance levels and is working to establish new support. The breach of the significant resistance at $15.29 signals strong bullish sentiment, potentially leading to further growth with sustained momentum.

Chainlink (LINK) faces a key hurdle at around $18.39, signaling potential for an extended upward trend. Support is expected around $14.29, with a further decline possibly testing the $13.18 zone.

Ethereum contends with stagnation amid competition from rivals like Solana, which is gaining momentum in #blockchain​ activity.

Ethereum's price is consolidating around $2,300, struggling to muster the strength for a decisive move. The key resistance level at $2,337 presents a hurdle, and a breakthrough could lead to testing the $2,450 zone. Support levels at $2,193 and $2,042 may come into play, indicating a cautious market sentiment with investors possibly waiting for a stronger trend reversal signal.

Bitcoin's recent breach above the 50-day Exponential Moving Average (EMA) indicates strength and a potential reversal from consolidation. The 50 EMA, historically crucial for determining short-term trends, now serves as significant support. Priced around $42,000, Bitcoin targets further gains, aiming to test the $43,500 resistance. Sustaining momentum above the 50 EMA is vital to preserve the optimistic outlook and prevent fallbacks.

Source - u.today

#CryptoNews #BinanceSquareTalks
👉👉👉 #Polygon Founder Breaks Down Key Points for #Web3 to Attain ‘Internet-Level’ Success Polygon founder Sandeep Nailwal has outlined two key factors crucial for the long-term success of Web3 in comparison to the current internet. He emphasizes the importance of unlimited scalability and the ability of blockchains to communicate, highlighting the necessity for individuals to have the freedom to choose from various decentralized profiles. In a recent post on X (formerly Twitter), Nailwal underscores the significance of user-centric design and interaction to enhance usability, along with the capability for #blockchain​ networks to seamlessly interact with one another, commonly known as interoperability. Nailwal further explains that Polygon is actively working on building a network of aggregated blockchains. Simultaneously, DCinvestor, addressing his 236,900 followers on X, emphasizes that the introduction of Layer-2 solutions will be critical in the coming years for blockchains to succeed. He notes that while bridging and interoperability solutions "still need work," neglecting them could pose risks in the long term. Recent data from Spherical Insights indicates that the global blockchain interoperability market is projected to exceed $1.98 billion by 2030. Blockchain interoperability has been a significant topic in the industry, with major banks worldwide expressing interest in cross-chain interoperability for conducting tokenized asset purchases. The Australia and New Zealand Banking Group (ANZ) recently announced its adoption of Chainlink's cross-chain interoperability protocol (CCIP). Nigel Dobson, ANZ Portfolio Lead, explains that cross-chain interoperability is a hot topic for major banks globally. Source - beincrypto.com #CryptoNews #BinanceSquare
👉👉👉 #Polygon Founder Breaks Down Key Points for #Web3 to Attain ‘Internet-Level’ Success

Polygon founder Sandeep Nailwal has outlined two key factors crucial for the long-term success of Web3 in comparison to the current internet. He emphasizes the importance of unlimited scalability and the ability of blockchains to communicate, highlighting the necessity for individuals to have the freedom to choose from various decentralized profiles.

In a recent post on X (formerly Twitter), Nailwal underscores the significance of user-centric design and interaction to enhance usability, along with the capability for #blockchain​ networks to seamlessly interact with one another, commonly known as interoperability. Nailwal further explains that Polygon is actively working on building a network of aggregated blockchains.

Simultaneously, DCinvestor, addressing his 236,900 followers on X, emphasizes that the introduction of Layer-2 solutions will be critical in the coming years for blockchains to succeed. He notes that while bridging and interoperability solutions "still need work," neglecting them could pose risks in the long term. Recent data from Spherical Insights indicates that the global blockchain interoperability market is projected to exceed $1.98 billion by 2030.

Blockchain interoperability has been a significant topic in the industry, with major banks worldwide expressing interest in cross-chain interoperability for conducting tokenized asset purchases. The Australia and New Zealand Banking Group (ANZ) recently announced its adoption of Chainlink's cross-chain interoperability protocol (CCIP). Nigel Dobson, ANZ Portfolio Lead, explains that cross-chain interoperability is a hot topic for major banks globally.

Source - beincrypto.com

#CryptoNews #BinanceSquare
Pandoshi revealed the teaser for its beta version of Pandoshi Wallet, a secure and versatile wallet that supports all EVM-compatible blockchains. The wallet will be launched soon on both Android and iOS platforms. #pandoshi #Wallet #blockchain​ #SatoshiNakamoto
Pandoshi revealed the teaser for its beta version of Pandoshi Wallet, a secure and versatile wallet that supports all EVM-compatible blockchains. The wallet will be launched soon on both Android and iOS platforms.

#pandoshi #Wallet #blockchain​ #SatoshiNakamoto
Breaking Boundaries: Orbit Chain's Pioneering Partnership with South Korean Authorities! 🌐🤝 In a groundbreaking alliance set to redefine investigative protocols, Orbit Chain has joined forces with the South Korean National Police Agency and the Korea Internet and Security Agency (KISA). Here's the buzz: 🔹 Strategic Collaboration: Orbit Chain isn't just about technology; it's about fostering safer communities. By teaming up with key South Korean agencies, they're pioneering a state-of-the-art investigation support and cause analysis system. 🔹 Elevating Investigations: Imagine a world where investigations are not just reactive but proactive and comprehensive. That's the vision! This innovative system aims to revolutionize investigative methodologies, empowering authorities to stay ahead of the curve. 🔹 Global Outreach: But Orbit Chain's vision doesn't stop at South Korea's borders. With discussions underway for collaboration with both domestic and international law enforcement agencies, they're setting the stage for a global network of security and cooperation. 🔹 A Safer Tomorrow: At its core, this partnership signifies more than technology—it's a commitment to safety, security, and trust. By bridging the gap between technology and law enforcement, Orbit Chain is paving the way for a safer tomorrow. In the dynamic world of blockchain and security, partnerships like these underscore the transformative potential of collaboration. Orbit Chain is not just making headlines; they're shaping the future of security. Stay tuned as this pioneering journey unfolds! #BTC #blockchain​ 🌌🔗🚔
Breaking Boundaries: Orbit Chain's Pioneering Partnership with South Korean Authorities! 🌐🤝

In a groundbreaking alliance set to redefine investigative protocols, Orbit Chain has joined forces with the South Korean National Police Agency and the Korea Internet and Security Agency (KISA). Here's the buzz:

🔹 Strategic Collaboration: Orbit Chain isn't just about technology; it's about fostering safer communities. By teaming up with key South Korean agencies, they're pioneering a state-of-the-art investigation support and cause analysis system.

🔹 Elevating Investigations: Imagine a world where investigations are not just reactive but proactive and comprehensive. That's the vision! This innovative system aims to revolutionize investigative methodologies, empowering authorities to stay ahead of the curve.

🔹 Global Outreach: But Orbit Chain's vision doesn't stop at South Korea's borders. With discussions underway for collaboration with both domestic and international law enforcement agencies, they're setting the stage for a global network of security and cooperation.

🔹 A Safer Tomorrow: At its core, this partnership signifies more than technology—it's a commitment to safety, security, and trust. By bridging the gap between technology and law enforcement, Orbit Chain is paving the way for a safer tomorrow.

In the dynamic world of blockchain and security, partnerships like these underscore the transformative potential of collaboration. Orbit Chain is not just making headlines; they're shaping the future of security. Stay tuned as this pioneering journey unfolds! #BTC #blockchain​ 🌌🔗🚔
Solana Falls Behind Polygon in Terms of NFT Trading Volume#BTC Polygon has doubled NFT volume of Solana over last 24 hoursThe #blockchain​ platform Solana has experienced a dip in NFT sales, trailing behind its competitor, Polygon.According to the latest data, Solana's NFT trading volume has decreased by 17.17%, totaling $4.5 million in sales. This downturn contrasts starkly with Polygon's notable increase in trading activity, which has seen an 84.94% surge, reaching $9 million in sales.Bitcoin and #Ethereum! in leadThe NFT marketplace is witnessing dynamic shifts, with Ethereum maintaining its top position, boasting $13.4 million in sales, marking a 29.65% increase.Meanwhile, Bitcoin, often less associated with NFT #transactions , has held steady with $13,016,115 in sales despite an 18.52% decline.The 30-day volume data for #nfts reveal Bitcoin's dominance with sales reaching nearly $872.7 million, and Ethereum's active market at over $709.7 million, despite a high wash trading volume. Solana and Polygon also show significant activity, with total sales of approximately $334 million and $99.4 million, respectively.Solana's big monthDespite the current dip, it is important to acknowledge Solana's significant achievements in the recent past.In December 2023, Solana unexpectedly topped Ethereum's monthly NFT sales volume, according to CryptoSlam, with approximately $366.5 million worth of Solana NFTs sold compared to Ethereum's $353.2 million.This was a surprising twist given Ethereum's longstanding dominance in the space. The surge in sales for Solana was attributed to a combination of factors, including a substantial increase in unique buyers and sellers.🗣🗣Empower Our Mission: Tips For Dedicated Service. 🗣🗣👉Users are encouraged to support the mission by offering generous tips.🗣This empowers creators to work even harder, ensuring the continued delivery of top-notch investment advice. @wisegbevecryptonews9

Solana Falls Behind Polygon in Terms of NFT Trading Volume

#BTC Polygon has doubled NFT volume of Solana over last 24 hoursThe #blockchain​ platform Solana has experienced a dip in NFT sales, trailing behind its competitor, Polygon.According to the latest data, Solana's NFT trading volume has decreased by 17.17%, totaling $4.5 million in sales. This downturn contrasts starkly with Polygon's notable increase in trading activity, which has seen an 84.94% surge, reaching $9 million in sales.Bitcoin and #Ethereum! in leadThe NFT marketplace is witnessing dynamic shifts, with Ethereum maintaining its top position, boasting $13.4 million in sales, marking a 29.65% increase.Meanwhile, Bitcoin, often less associated with NFT #transactions , has held steady with $13,016,115 in sales despite an 18.52% decline.The 30-day volume data for #nfts reveal Bitcoin's dominance with sales reaching nearly $872.7 million, and Ethereum's active market at over $709.7 million, despite a high wash trading volume. Solana and Polygon also show significant activity, with total sales of approximately $334 million and $99.4 million, respectively.Solana's big monthDespite the current dip, it is important to acknowledge Solana's significant achievements in the recent past.In December 2023, Solana unexpectedly topped Ethereum's monthly NFT sales volume, according to CryptoSlam, with approximately $366.5 million worth of Solana NFTs sold compared to Ethereum's $353.2 million.This was a surprising twist given Ethereum's longstanding dominance in the space. The surge in sales for Solana was attributed to a combination of factors, including a substantial increase in unique buyers and sellers.🗣🗣Empower Our Mission: Tips For Dedicated Service. 🗣🗣👉Users are encouraged to support the mission by offering generous tips.🗣This empowers creators to work even harder, ensuring the continued delivery of top-notch investment advice. @WISE CRYPTO NEWS
Blockchain Gaming in 2024: Navigating Challenges and Embracing Growth Amid DiscontinuationsBlockchain gaming, once hailed as the future of the gaming industry, is facing a significant challenge as more than 30% of the blockchain games announced in 2023 have been reported as discontinued or canceled, according to data from the Big Blockchain Game List. As of January 2024, the comprehensive list includes a total of 911 games, with 334 currently live and 577 still in development. However, the stark reality is that out of the cumulative 1,318 blockchain games ever listed since the initiative's launch in 2021, a considerable 31%, equivalent to 407 games, are now classified as discontinued or abandoned. The reasons behind the discontinuations vary, with funding challenges and market conditions arising from the crypto winter being the most commonly cited. Many projects opted for radio silence, ceasing operations without formal announcements, leaving players and investors in the dark. A notable trend observed in H2 of 2023 is the rise of multichain games, with 17% of the 162 discontinued games embracing the approach of integrating with two or more blockchains. BNB and Polygon emerged as the frontrunners among single blockchain discontinued games, accounting for 11% and 10%, respectively. Ethereum, Sui, and Solana also made notable contributions, each representing 6%. The landscape shifted compared to H1 2023, with Polygon surpassing Ethereum in the proportion of discontinued titles. Despite BNB maintaining its status as the blockchain with the most discontinued games, Polygon witnessed a surge, partly due to the increased number of discontinued games from projects like Sui, surpassing Wemix in discontinuations. Amidst these challenges, the industry has seen the emergence of new blockchain games. In Q4 2023, the Big List welcomed 65 new blockchain games, with 11% embracing the multichain approach. Among games deploying on a single chain, significant growth was observed in Arbitrum (9%), followed closely by Optimism, Immutable, Ethereum (8% each), StarkNet, and Avalanche (6% each). A survey conducted by the Blockchain Game Alliance with 526 participants revealed that 19.8% of respondents believe the entry of traditional game studios into the realm of web3 gaming will have the most positive impact in 2024. Yat Siu, the executive chairman of Animoca Brands, views the current period as a "cleanup year" for the blockchain gaming industry. Despite the challenges faced in 2023, Siu remains optimistic, expressing a belief in a robust year ahead for blockchain games in 2024. As the industry navigates through challenges and embraces growth, the future of blockchain gaming remains dynamic, with both setbacks and opportunities shaping its trajectory in 2024. #blockchain​ #blockchaingame #GameShift #updates #crypto

Blockchain Gaming in 2024: Navigating Challenges and Embracing Growth Amid Discontinuations

Blockchain gaming, once hailed as the future of the gaming industry, is facing a significant challenge as more than 30% of the blockchain games announced in 2023 have been reported as discontinued or canceled, according to data from the Big Blockchain Game List.
As of January 2024, the comprehensive list includes a total of 911 games, with 334 currently live and 577 still in development. However, the stark reality is that out of the cumulative 1,318 blockchain games ever listed since the initiative's launch in 2021, a considerable 31%, equivalent to 407 games, are now classified as discontinued or abandoned.
The reasons behind the discontinuations vary, with funding challenges and market conditions arising from the crypto winter being the most commonly cited. Many projects opted for radio silence, ceasing operations without formal announcements, leaving players and investors in the dark.
A notable trend observed in H2 of 2023 is the rise of multichain games, with 17% of the 162 discontinued games embracing the approach of integrating with two or more blockchains. BNB and Polygon emerged as the frontrunners among single blockchain discontinued games, accounting for 11% and 10%, respectively. Ethereum, Sui, and Solana also made notable contributions, each representing 6%.
The landscape shifted compared to H1 2023, with Polygon surpassing Ethereum in the proportion of discontinued titles. Despite BNB maintaining its status as the blockchain with the most discontinued games, Polygon witnessed a surge, partly due to the increased number of discontinued games from projects like Sui, surpassing Wemix in discontinuations.
Amidst these challenges, the industry has seen the emergence of new blockchain games. In Q4 2023, the Big List welcomed 65 new blockchain games, with 11% embracing the multichain approach. Among games deploying on a single chain, significant growth was observed in Arbitrum (9%), followed closely by Optimism, Immutable, Ethereum (8% each), StarkNet, and Avalanche (6% each).
A survey conducted by the Blockchain Game Alliance with 526 participants revealed that 19.8% of respondents believe the entry of traditional game studios into the realm of web3 gaming will have the most positive impact in 2024.
Yat Siu, the executive chairman of Animoca Brands, views the current period as a "cleanup year" for the blockchain gaming industry. Despite the challenges faced in 2023, Siu remains optimistic, expressing a belief in a robust year ahead for blockchain games in 2024.
As the industry navigates through challenges and embraces growth, the future of blockchain gaming remains dynamic, with both setbacks and opportunities shaping its trajectory in 2024.
#blockchain​ #blockchaingame #GameShift #updates #crypto
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Kevin Shao, ABGA Executive President, ICC Advisor, Web3Labs Partner, and Bitrise Capital Founder: Blockchain Gaming Will Gain Mass Adoption At the "Hong Kong Web3.0 Entrepreneurs Conference," organized by Web3Labs, ABGA, Satoshi Lab, ICC Camp, and AIFocus, and co-hosted by Techub News, iPollo, and MetaEra, Kevin Shao, the Executive President of ABGA, ICC Advisor, Web3Labs Partner, and founder of Bitrise Capital, stated that the current state of blockchain technology and public chain infrastructure are more advanced compared to the past. Coupled with the fervor surrounding the concept of full chain games and the active participation of major players from the traditional gaming industry, Kevin Shao expressed the belief that #blockchain​ games are poised for widespread adoption. Looking ahead, he believes that blockchain technology will integrate into the entire gaming industry, naturally delivering true ownership of virtual assets to individuals.
Kevin Shao, ABGA Executive President, ICC Advisor, Web3Labs Partner, and Bitrise Capital Founder: Blockchain Gaming Will Gain Mass Adoption

At the "Hong Kong Web3.0 Entrepreneurs Conference," organized by Web3Labs, ABGA, Satoshi Lab, ICC Camp, and AIFocus, and co-hosted by Techub News, iPollo, and MetaEra, Kevin Shao, the Executive President of ABGA, ICC Advisor, Web3Labs Partner, and founder of Bitrise Capital, stated that the current state of blockchain technology and public chain infrastructure are more advanced compared to the past. Coupled with the fervor surrounding the concept of full chain games and the active participation of major players from the traditional gaming industry, Kevin Shao expressed the belief that #blockchain​ games are poised for widespread adoption. Looking ahead, he believes that blockchain technology will integrate into the entire gaming industry, naturally delivering true ownership of virtual assets to individuals.
🙄🙄🙄 High number of #Ethereum! blocks censoring #US sanctioned users 🙄🙄🙄 A significant portion of Ethereum's #blockchain​ exhibits censorship based on compliance with US sanctions. Labrys and Rated Network data indicate that around 42% of blocks post Ethereum's September 15, 2022, transition from proof-of-work to proof-of-stake have involved wallets sanctioned by the Specially Designated Nationals List. This figure recently peaked at nearly 50%. The US Treasury Department's enforcement agency, the Office of Foreign Assets Control (OFAC), manages the Specially Designated Nationals List. In contrast to permissionless networks like Bitcoin, where any user can broadcast any transaction, OFAC-compliant relays on Ethereum selectively censor wallet addresses listed in US sanctions. The widely-used software Maximum Extractable Value Boost (MEV-Boost) defaults to censoring these wallets, and many relays adopt its settings. MEV-Boost also outsources block production to its third-party marketplace, maximizing revenue through tactics like front-running, back-running, sandwiching, and other quantitative trading methods, exploiting everyday Ethereum users. Prominent MEV-Boost relays include Flashbots, the largest, along with others like BlockNative, Manifold, Eden, BloXroute Max Profit, BloXroute Ethical, and BloXroute Regulated. Relay operators adhering to US sanctions control which users can broadcast transactions on the Ethereum blockchain. Despite sanctions, some users attempt inclusion by routing transactions through non-OFAC-compliant pathways. Source - protos.com #CryptoNews🔒📰🚫 #BinanceSquare $ETH
🙄🙄🙄 High number of #Ethereum! blocks censoring #US sanctioned users 🙄🙄🙄

A significant portion of Ethereum's #blockchain​ exhibits censorship based on compliance with US sanctions. Labrys and Rated Network data indicate that around 42% of blocks post Ethereum's September 15, 2022, transition from proof-of-work to proof-of-stake have involved wallets sanctioned by the Specially Designated Nationals List. This figure recently peaked at nearly 50%.

The US Treasury Department's enforcement agency, the Office of Foreign Assets Control (OFAC), manages the Specially Designated Nationals List. In contrast to permissionless networks like Bitcoin, where any user can broadcast any transaction, OFAC-compliant relays on Ethereum selectively censor wallet addresses listed in US sanctions.

The widely-used software Maximum Extractable Value Boost (MEV-Boost) defaults to censoring these wallets, and many relays adopt its settings. MEV-Boost also outsources block production to its third-party marketplace, maximizing revenue through tactics like front-running, back-running, sandwiching, and other quantitative trading methods, exploiting everyday Ethereum users.

Prominent MEV-Boost relays include Flashbots, the largest, along with others like BlockNative, Manifold, Eden, BloXroute Max Profit, BloXroute Ethical, and BloXroute Regulated.
Relay operators adhering to US sanctions control which users can broadcast transactions on the Ethereum blockchain. Despite sanctions, some users attempt inclusion by routing transactions through non-OFAC-compliant pathways.

Source - protos.com

#CryptoNews🔒📰🚫 #BinanceSquare $ETH
Injective Launches Volan Upgrade, Boosting Real-World Asset Integration l#BTC Injective's Volan upgrade revolutionizes #blockchain​ with tokenized assets, advanced cross-chain interactions, and $INJ token enhancements.🗣🗣Empower Our Mission: Tips For Dedicated Service. 🗣🗣👉Users are encouraged to support the mission by offering generous tips.🗣This empowers creators to work even harder, ensuring the continued delivery of top-notch investment advice. #Injective🔥 , a Cosmos-based Layer 1 blockchain, has taken a significant stride in the blockchain domain with its latest mainnet upgrade, Volan. This advancement is a milestone in integrating real-world assets (RWAs) into the blockchain sphere. The Volan upgrade introduces a new software module that facilitates a range of structured products.These include tokenized versions of fiat currency pairs, treasury bills, and distinctive credit products. Consequently, institutional and individual users now have a gateway to an evolving market that blends traditional financial assets with blockchain technology.The tokenized securities market, still in its early stages, has witnessed rapid growth. It has seen a remarkable increase in value, with estimates exceeding $500 million. Injective’s Volan upgrade strategically positions itself within this burgeoning sector, aiming to capture a significant market share.Enhancing Cross-Chain InteroperabilityMoreover, Volan expands the inter-blockchain communication (IBC) protocol within Injective’s framework. This enhancement fosters seamless interaction between Injective and other chains in the Cosmos #ECOSYSTEM . The integration of IBC translates into more sophisticated cross-chain transactions, such as advanced order routing and swaps.For instance, users on Cosmos blockchains like Celestia or Osmosis can initiate cross-chain swaps. These transactions can then be executed via Injective’s order book module, exemplifying the practical application of this upgrade.Injective’s Continued EvolutionEric Chen, CEO of Injective Labs, underscored the dual focus of the Volan upgrade. It aims to empower developers with unparalleled tools for next-generation finance applications while improving blockchain connectivity. Injective, known for its specialization in decentralized finance, leverages its native token, INJ, for governance and transaction fees. The Volan upgrade also alters INJ’s on-chain inflation parameters, steering the token towards a progressively deflationary model. A new oracle has also been integrated, bringing off-chain price feeds directly into the blockchain.Injective’s journey, marked by a $40 million funding round in August 2022 led by Jump Crypto, has been supported by notable entities like Binance, Pantera Capital, and Mark Cuban. This financial backing is a testament to the project’s potential and the growing interest in blockchain technology’s application to real-world financial assets.#etf

Injective Launches Volan Upgrade, Boosting Real-World Asset Integration l

#BTC Injective's Volan upgrade revolutionizes #blockchain​ with tokenized assets, advanced cross-chain interactions, and $INJ token enhancements.🗣🗣Empower Our Mission: Tips For Dedicated Service. 🗣🗣👉Users are encouraged to support the mission by offering generous tips.🗣This empowers creators to work even harder, ensuring the continued delivery of top-notch investment advice. #Injective🔥 , a Cosmos-based Layer 1 blockchain, has taken a significant stride in the blockchain domain with its latest mainnet upgrade, Volan. This advancement is a milestone in integrating real-world assets (RWAs) into the blockchain sphere. The Volan upgrade introduces a new software module that facilitates a range of structured products.These include tokenized versions of fiat currency pairs, treasury bills, and distinctive credit products. Consequently, institutional and individual users now have a gateway to an evolving market that blends traditional financial assets with blockchain technology.The tokenized securities market, still in its early stages, has witnessed rapid growth. It has seen a remarkable increase in value, with estimates exceeding $500 million. Injective’s Volan upgrade strategically positions itself within this burgeoning sector, aiming to capture a significant market share.Enhancing Cross-Chain InteroperabilityMoreover, Volan expands the inter-blockchain communication (IBC) protocol within Injective’s framework. This enhancement fosters seamless interaction between Injective and other chains in the Cosmos #ECOSYSTEM . The integration of IBC translates into more sophisticated cross-chain transactions, such as advanced order routing and swaps.For instance, users on Cosmos blockchains like Celestia or Osmosis can initiate cross-chain swaps. These transactions can then be executed via Injective’s order book module, exemplifying the practical application of this upgrade.Injective’s Continued EvolutionEric Chen, CEO of Injective Labs, underscored the dual focus of the Volan upgrade. It aims to empower developers with unparalleled tools for next-generation finance applications while improving blockchain connectivity. Injective, known for its specialization in decentralized finance, leverages its native token, INJ, for governance and transaction fees. The Volan upgrade also alters INJ’s on-chain inflation parameters, steering the token towards a progressively deflationary model. A new oracle has also been integrated, bringing off-chain price feeds directly into the blockchain.Injective’s journey, marked by a $40 million funding round in August 2022 led by Jump Crypto, has been supported by notable entities like Binance, Pantera Capital, and Mark Cuban. This financial backing is a testament to the project’s potential and the growing interest in blockchain technology’s application to real-world financial assets.#etf
Hiring the Right TEAM in Web3➥ [Watch Video Content](https://www.binance.com/en/feed/post/2890762397082) Chapter 1 — Professionalism in Web3 One of the critical factors for project success is assembling the right team. In a recent discussion led by @SALAMANDER12_, a seasoned community manager and project developer, the conversation delved into the challenges and pitfalls of team building in the Web3 industry. Joined by experienced professionals like @joeyvowels and @Kelano_eth, the dialogue provided valuable insights into the importance of understanding the unique dynamics of Web3 and the meticulous process of hiring the right individuals. i. The Web3 Marketing Dilemma Sal opened the discussion by sharing a cautionary tale of a project that hired a Web3 marketing team but failed to gain traction. The project, despite investing a considerable amount, struggled to connect with its audience. The lesson here was clear: understanding the nuances of Web3, including the power of people, spaces, and influencers, is crucial for success.   ii. Hiring Process in Web3 Kelano emphasized the need to determine the level of readiness and training required for a role. He highlighted that beyond technical skills, the personal qualities of a candidate, such as reliability, organization, and effective communication, play a pivotal role in a remote work environment.   iii. The Essence of Caring in Web3 Both Sal and Kelano stressed the importance of hiring individuals who genuinely care about the project. Sal emphasized the need for critical thinking and a continuous dedication to the Web3 space. Kelano added that while caring is crucial, the degree to which a person needs to care should align with their specific role and responsibilities within the project.   iv. Traditional Practices Joey contributed to the discussion by underlining the relevance of traditional hiring practices even in Web3. He emphasized the importance of asking thought-provoking questions and testing a candidate’s skills, even in a remote setting. Joey argued that embracing aspects of Web2 practices, such as having a detailed resume, can provide valuable insights into a candidate’s capabilities.   v. The Web2 Foundation for Web3 Success The conversation concluded with the consensus that a foundational understanding of Web2 practices is essential for executing successfully in the Web3 space. Both Sal and Joey highlighted the significance of professionalism and experience outside Web3. Kelano specifically pointed out how individuals with a background in e-commerce tend to excel in Web3 due to their expertise in creating creatives and building communities.   vi. Closing Remarks Hiring the right team requires a nuanced approach that combines technical expertise, personal qualities, and an understanding of the evolving landscape. As the speakers emphasized, leveraging traditional hiring practices alongside the unique demands of Web3 is the key to building a team that not only navigates the challenges but thrives in the decentralized and ever-changing digital ecosystem. Chapter 2 — Valuing People's Time and Quality Work (2m 13s) In a candid conversation featuring industry experts @MarianneNFTs, @SALAMANDER12_, @MakaveliDlaCruz, and @joeyvowels, key insights were shared on the challenges and strategies for hiring in Web 3. The discussion revolved around the importance of building a reliable and efficient team in a rapidly evolving environment. From the pitfalls of traditional resumes to the need for quick execution, the conversation provided valuable perspectives for both employers and potential hires.   i. The Pitfalls of Traditional Resumes Marianne, a seasoned entrepreneur, emphasized the struggles she faced while hiring for Web 3 projects. Despite the common belief in the necessity of a portfolio, Marianne challenged the relevance of traditional Web 2 resumes for roles in marketing, content creation, and copywriting. She argued that, in these fields, a focus on practical skills and a showcase of capabilities through a portfolio or website is more critical than academic or professional backgrounds.   ii. Speed and Adaptability A crucial theme that emerged from the conversation was the significance of speed and adaptability in Web 3 hiring. Marianne underscored the need to hire individuals who can work at a fast pace and quickly adapt to changes. In the ever-evolving landscape of Web 3, where ideas materialize rapidly, the ability to execute swiftly is paramount. While acknowledging the importance of quality, Marianne encouraged a balance, suggesting that speed should not be sacrificed for perfection. She advocated for launching projects quickly and refining them over time.   iii. A Founder’s Perspective on Hiring Sal, offering insights from a founder's perspective, echoed Marianne's sentiments on the challenges of hiring the right team. She highlighted the potential setbacks of hiring individuals who might not align with the fast-paced nature of Web 3. Sal emphasized the unforgiving speed at which the industry operates, likening Web 3 to seven "cat ears or dog ears." She stressed the importance of assembling a team aligned with the quality and pace demanded by the space.   iv. Compensation and Shifting Mentality Joey contributed to the discussion by addressing the compensation issue prevalent in the Web 3 industry. He shared Andrew's advice on avoiding the temptation to cut costs on talent, emphasizing the long-term consequences of undervaluing quality work.  Joey urged a shift in mentality regarding compensation, highlighting the need to recognize the value of people's time and the quality of their contributions.   v. Long-Term Vision in Web 3 Sal concluded the conversation by pointing out the increasing presence of well-funded businesses in Web 3 and the growing trend of projects with a long-term vision. She cited examples such as @OverworldPlay and @SeedworldMeta, showcasing how these projects secured funding before even launching, indicative of a shift towards sustainability and longevity in the industry.   vi. Closing Remarks The conversation among the speakers provided valuable insights into the nuances of hiring in Web 3. From reevaluating the importance of traditional resumes to emphasizing speed, adaptability, and fair compensation, the discussion shed light on the evolving dynamics of building successful teams in the decentralized and fast-paced world of Web 3. Employers and job seekers alike can benefit from these strategic perspectives to navigate the challenges and opportunities presented by this innovative landscape. Chapter 3 — Hiring People Better Than Yourself (1m 55s) Industry experts shared valuable insights into the intricacies of building and leading teams in the Web 3 space. The discussion, hosted by @SALAMANDER12_ and featuring prominent figures like @TPANF, @MakaveliDlaCruz, @NFTeafor2, @joeyvowel, @MarianneNFTs, and @mattlopez313, delved into the challenges and strategies associated with hiring, collaboration, and leadership within the decentralized landscape of Web 3.   i. The Pro Aesthetics TPA, a prosthetic specialist and leader in the field, emphasized the importance of asking questions and displaying a genuine interest when onboarding new team members. Drawing from his experience, he highlighted the significance of graduates and newcomers actively seeking guidance and clarification. TPA stressed that a willingness to ask questions signals reliability and a commitment to learning, fostering trust within the team.   ii. Web 3 Hiring Dynamics Makaveli chimed in, underscoring the need for individuals to prove themselves in the Web 3 environment. He emphasized the importance of consistency, effective communication, and building genuine relationships. Makaveli warned against shortcuts, noting that attempting to cheat the system through deceptive practices ultimately leads to failure in a space where transparency, as upheld by blockchain technology, is paramount.   iii. Leadership Wisdom Andrea, co-founder of @thecolonyxyz, shared her extensive experience in team building from both Web 2 and Web 3 perspectives. Her key advice included checking egos at the door, hiring individuals with diverse skill sets, and fostering a culture of collaboration. Andrea stressed the importance of leaders setting an example by adhering to boundaries and allowing team members the autonomy to contribute their expertise.   iv. Don't Be the Smartest Person in the Room Joey echoed Andrea's sentiment, emphasizing the value of humility in leadership. He succinctly advised against being the smartest person in the room, reinforcing the idea that a successful team thrives on collective intelligence and diverse perspectives.   v. Cautionary Tale Marianne added a cautionary note based on her experiences with clients who, despite hiring marketing and consultancy teams, disregarded their advice. She urged project leaders to trust the professionals they hire and allow them the creative freedom to implement strategies aligned with their expertise.   vi. Recap and Encouragement Sal wrapped up the discussion by applauding Andrea's insights and reiterating the importance of hiring individuals who surpass one's own abilities. The overall sentiment of the conversation emphasized the collaborative and dynamic nature of Web 3 work environments.   vii. Closing Remarks These insights from industry leaders provide a compass for those navigating the complexities of team building and leadership. From fostering a culture of collaboration to embracing diverse skill sets, the Web 3 workforce thrives on openness, trust, and a commitment to continuous learning. As the conversation demonstrated, success in the decentralized future relies on the collective efforts of forward-thinking and collaborative teams. Chapter 4 — Hiring for Passion Over Expertise (2m 40s) Recapping an insightful discussion featuring @mattlopez313, the CEO of @ProjectShinsei, the space's moderators, @SALAMANDER12_ and @joeyvowels, and a prominent collaboration manager within the industry, @MasterJanNFT, the focus was on the critical aspect of team building in the dynamic and rapidly evolving landscape of Web3. The conversation revolved around the importance of passion, vision, and community support in assembling a team that goes beyond the conventional norms of hiring based solely on expertise. In this Chapter, we delve into the key takeaways from the conversation and explore the significance of hiring for passion, regardless of the specific roles within a project.   i. Hiring for Passion Matt kicked off the discussion by sharing his extensive experience in hiring, particularly in the field of sales. With a track record of hiring 50 individuals over eight years, he emphasized the uniqueness of hiring for sales, where passion takes precedence over specific skills.  According to him, the ability to teach expertise makes passion a more valuable trait in a potential team member.   ii. The Power of Conveying Passion Matt stressed the importance of candidates conveying their passion during the hiring process. He argued that passion aligning with the company's vision is a stronger indicator of a great worker than mere expertise. Whether it's for collab managers, community managers, or other roles, Matt underscored the need for candidates to demonstrate not just their skills but also a genuine enthusiasm for the company's mission.   iii. From Experience to Passion While acknowledging the value of experience, Matt made a compelling case for passion as the driving force. He pointed out that even without the necessary skills, a passionate individual can be taught, and their enthusiasm can have a lasting impact on the team. This perspective, he emphasized, holds true not only in Web 2 but is even more crucial in the emerging landscape of Web 3.   iv. Realizing the Vision Sal chimed in with her own experience, highlighting the goosebumps-inducing moment when she first connected with Matt. She pointed out that, even before Shinsei was officially launched, the passion and vision expressed by Matt resonated strongly, creating an immediate connection. Sal emphasized the importance of passion as the driving force behind successful execution and team performance.   v. Passion Across Roles A question arose regarding whether hiring for passion is role-dependent. Matt challenged this notion, sharing experiences of hiring developers based not only on their technical skills but also on their passion for the project. He stressed that even in technical roles, finding individuals who believe in the vision and are willing to work without immediate compensation is a key factor in Shinsei's success.   vi. The Community Aspect MasterJan contributed valuable insights, expanding on the concept of hiring for passion by emphasizing the community aspect. He highlighted the benefits of bringing in individuals with their own audiences, turning the recruitment process into a means of importing not just team members but entire communities. This, he argued, enhances a project's reputation and trust.   vii. Risking Reputation for a Vision Joey reinforced the importance of passionate team members risking their reputations for a shared vision. He emphasized the rarity of finding individuals willing to contribute without immediate monetary compensation, emphasizing that this commitment reflects the right approach and execution.   viii. Closing Remarks In conclusion, the conversation among these industry experts and leaders emphasized a paradigm shift in team building. While expertise remains important, the spotlight is increasingly on hiring individuals driven by passion, aligned with the project's vision. The success stories of Shinsei and other projects discussed underscore the significance of this approach in navigating the complex and competitive landscape of Web3. As the industry continues to evolve, it is evident that passion, coupled with expertise, is the winning formula for building enduring and successful teams. Chapter 5 — Setting Employees Up for Success (4m 38s) This Chapter touches upon the essential aspects of employment in the Web3 industry. @awisefo, @joeyvowels, @thegreatola, @MakaveliDlaCruz, @_AndrewForte, and @R3alTalkBENNY shared their perspectives, offering a unique glimpse into the challenges and nuances of building and sustaining effective teams.   i. Passion vs. Experience Awf, the initiator of the conversation, kicked things off by highlighting the significance of passion in Web3. Drawing on personal experiences, he emphasized how passion can be a driving force, propelling individuals to unlock their hidden potential. Awf's emphasis on passion stems from his encounters with individuals who started their journey in the digital space for fun but ended up discovering their capabilities and motivations along the way. In contrast to conventional hiring norms that prioritize extensive experience and educational backgrounds, Awf underscored the importance of passion as a metric for gauging an individual's effectiveness in a team or on solo projects. According to him, passion becomes a moral boost and a motivational force, prompting individuals to strive for more and contribute meaningfully to projects.   ii. Passion vs. Costly Skill Sets Joey, jumping into the conversation, shed light on the economic challenges prevailing in the Web3 space. The discussion took an unexpected turn as the participants delved into the ever-rising gas fees, a constant headache for blockchain enthusiasts. Gas fees, the cost of transactions on the blockchain, have been a sore point for those navigating Web3. Awf and Joey shared their frustrations, recounting instances where minting NFTs became a costly endeavor due to soaring gas fees. The conversation morphed into a comparison of gas fees in 2021 and the present, with both speakers expressing disbelief at the escalating costs. Despite the challenges, they recognized the practicality of certain blockchains like Polygon, emphasizing that lower gas fees don't necessarily guarantee profitability if trading volumes are insufficient.   iii. Trust and Cultural Fit: Hiring Challenges in Web3 As the dialogue progressed, Ola contributed valuable insights about the hiring process in Web3. He pinpointed the importance of cultural fit when onboarding talent. Ola drew attention to the nuances of transitioning talent from Web2 to Web3, emphasizing that familiarity with the culture, slangs, and dynamics unique to the Web3 ecosystem is crucial. Moreover, Ola highlighted the significance of evaluating past experiences and contributions when hiring for Web3 projects. The concept of "proof of work" was introduced, urging employers to verify a candidate's impact on growth during previous engagements rather than solely relying on resumes. This, according to Ola, becomes a key determinant of a candidate's suitability for the dynamic and unique culture of Web3.   iv. Building the Right Team The conversation then pivoted to Benny, who shared his thoughts on the challenges of building the right team in Web3. Drawing on his extensive experience, Benny highlighted a common issue – the reliance on free work in the crypto industry. Small-cap founders with promising ideas often struggle to secure funding, leading them to seek passionate individuals willing to work for free. Benny raised thought-provoking questions about the balance between providing founders and projects with adequate time and avoiding prolonged unpaid engagements. He stressed the need for a deeper discussion about not only how to hire a good team but also how to be a good employer. The discussion touched upon the importance of founders ensuring that employees receive what they need in return for their time and effort.   v. Setting Up for Success Joey added a crucial layer to the conversation by emphasizing the role of resources in ensuring team success. He pointed out that hiring individuals for various roles within a project isn't enough; founders must equip them with the necessary tools and resources. The conversation concluded with a call to set people up for success rather than failure, urging leaders to understand and leverage the unique resources each team member brings to the table.   vi. Optimizing Workflow: The Significance of SOPs As the discussion continued, Andrew injected a crucial perspective into the conversation by highlighting the importance of Standard Operating Procedures (SOPs). Acknowledging the myriad of teams striving to achieve greatness in the Web3 space, he underscored the necessity of having a well-defined framework and workflow. Andrew emphasized that despite ambitious goals, teams often struggle due to the absence of structured SOPs. Comparing it to running like a "headless chicken," he pointed out that having SOPs in place is crucial for optimizing processes and avoiding counterproductivity.   vii. Being a Good Employer Sal seamlessly integrated Andrew's point into the ongoing dialogue, reiterating the notion that being a good employer is integral to hiring good employees. She delved into the practicalities of this dynamic, drawing from personal experiences. Sal echoed the sentiment that merely having connections and bringing people into a project is insufficient. She stressed the importance of a robust foundation in the form of resources and protocols. Her insights highlighted the need for comprehensive training when onboarding team members, ensuring they understand the intricacies of the ecosystem they are stepping into.   viii. Symbiotic Relationships Makaveli brought a fresh perspective, focusing on the symbiotic nature of relationships within the creator's economy, especially in the context of the Web3 space. He challenged the conventional employer-employee mindset, framing the collaboration as a group of creators working together to advance a shared vision. Highlighting the importance of grace periods and open conversations, Makaveli emphasized that a cohesive team requires an understanding of each member's value. He encouraged founders and team members to engage in meaningful conversations to align expectations and foster a harmonious working environment.   ix. Whatever It Takes Building on Makaveli's insights, Sal added her thoughts on the Shinsei crew's collaborative efforts. She commended their commitment to collaboration and the collective effort displayed in their recap notes. Sal emphasized the rarity and excitement of witnessing an entire team coming together with shared responsibility and dedication.   x. Proving Your Point: A Team's Collective Responsibility Sal concluded the discussion by echoing Makaveli's sentiment of doing whatever it takes for the team's success. She highlighted the Shinsei crew as a positive example, where individuals take on responsibilities collectively and share the burden, showcasing a level of dedication that is both rare and commendable.   xi. Closing Remarks In essence, the space’s conversation provided profound insights into the intricacies of building and sustaining effective teams in the blockchain industry. From the importance of SOPs to the symbiotic relationships within a team, the participants shed light on the multifaceted challenges and opportunities in Web3 employment. As we navigate this ever-evolving landscape, the wisdom shared in these spaces serves as a valuable guide for both employers and employees striving to thrive in the dynamic world of Web3. Chapter 6 — Quality Execution Over Broad Endeavors In this recap, we feature Phase 101, also known as @Nick_Alex_1, the owner of @Kuroki_NFT, and the host @SALAMANDER12_; valuable insights were shared about the significance of team building, hiring strategies, and maintaining focus in a competitive market.   i. The Importance of Creativity in Hiring Nick highlighted the transformative changes in his life and underscored the pivotal role of creativity in hiring for projects like @Kuroki_NFT, which operate with limited resources. As a hiring manager, he emphasized the need to look beyond traditional hiring methods, recognizing the untapped potential in individuals that may not be evident on paper.   ii. Emphasizing Passion and Vision Building on Matt's (@mattlopez313 in the previous chapters) insights, Nick emphasized the importance of passion when assembling a team. By conveying the vision of the project and personal values as a founder, the team becomes an attractive force, drawing individuals who are genuinely excited about the venture. This approach reduces the need for extensive recruitment efforts, as passionate individuals naturally gravitate towards projects that resonate with them.   iii. Transparency and Intentionality in Resource Management Nick stressed the importance of transparency, especially when working with limited resources. By being upfront about financial constraints and compensation models, a foundation of trust is established. This transparency allows for a mutually beneficial working relationship, where team members understand the parameters and contribute their best efforts, even in situations where immediate financial rewards may not be feasible.   iv. Quality Over Quantity Drawing parallels to real-life scenarios, Nick cautioned against the common pitfall of over-hiring. In a bid to project an impressive image, some projects may assemble large teams with overlapping roles. However, Nick's advice is clear – it's not about the number of team members but about having the right people in key positions. Quality over quantity ensures that every team member contributes meaningfully, avoiding the inefficiencies associated with excess personnel.   v. Navigating the Competitive Web3 Gaming Market Sal chimed in, discussing the hyper-competitive nature of the Web3 gaming market. She acknowledged the influx of established players from the Web2 space, bringing significant financial resources. However, Sal emphasized the importance of staying true to Web3 roots and not merely replicating strategies used by wealthier counterparts.   vii. Strategic Differentiation and Focus Both Sal and Nick concurred on the need for strategic differentiation. In a crowded market, it's not just about replicating successful models but carving out a distinct identity. Nick warned against the temptation to diversify too much, emphasizing the importance of staying in one's lane and focusing on strengths. Successful execution, according to Nick, comes from a clear understanding of the project's core competencies.   viii. Closing Remarks The conversation with Phase 101 and Sal provides valuable insights for emerging projects in the Web3 gaming sector. By prioritizing creativity in hiring, emphasizing passion, maintaining transparency, and focusing on strategic differentiation, projects can navigate the competitive landscape and build teams poised for success. As the Web3 gaming industry continues to evolve, these principles will undoubtedly play a crucial role in shaping the trajectory of innovative ventures. Chapter 7 — Writer's Notes When people are passionate about what they do, the potential for achievement in our professional lives becomes significantly greater. In Chapter 3, Andrea pointed out that people leave a person, not the company. Drawing from my personal experiences, I enjoyed working in the F&B field, but the people I was surrounded by, especially the “egotistical” bosses, made it less enjoyable. Having the right people, especially the right bosses, significantly influences your chances of success. So, that's about it, concluding my thoughts on the matter. Did you enjoy reading this article? Well consider following me here in Binance Square or on X! #strategy #web3gaming #decentralizing #blockchain​ #Innovation

Hiring the Right TEAM in Web3

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Chapter 1 — Professionalism in Web3
One of the critical factors for project success is assembling the right team. In a recent discussion led by @SALAMANDER12_, a seasoned community manager and project developer, the conversation delved into the challenges and pitfalls of team building in the Web3 industry.
Joined by experienced professionals like @joeyvowels and @Kelano_eth, the dialogue provided valuable insights into the importance of understanding the unique dynamics of Web3 and the meticulous process of hiring the right individuals.

i. The Web3 Marketing Dilemma
Sal opened the discussion by sharing a cautionary tale of a project that hired a Web3 marketing team but failed to gain traction. The project, despite investing a considerable amount, struggled to connect with its audience.
The lesson here was clear: understanding the nuances of Web3, including the power of people, spaces, and influencers, is crucial for success.
 
ii. Hiring Process in Web3
Kelano emphasized the need to determine the level of readiness and training required for a role. He highlighted that beyond technical skills, the personal qualities of a candidate, such as reliability, organization, and effective communication, play a pivotal role in a remote work environment.
 
iii. The Essence of Caring in Web3
Both Sal and Kelano stressed the importance of hiring individuals who genuinely care about the project. Sal emphasized the need for critical thinking and a continuous dedication to the Web3 space.
Kelano added that while caring is crucial, the degree to which a person needs to care should align with their specific role and responsibilities within the project.
 
iv. Traditional Practices
Joey contributed to the discussion by underlining the relevance of traditional hiring practices even in Web3.
He emphasized the importance of asking thought-provoking questions and testing a candidate’s skills, even in a remote setting. Joey argued that embracing aspects of Web2 practices, such as having a detailed resume, can provide valuable insights into a candidate’s capabilities.
 
v. The Web2 Foundation for Web3 Success
The conversation concluded with the consensus that a foundational understanding of Web2 practices is essential for executing successfully in the Web3 space. Both Sal and Joey highlighted the significance of professionalism and experience outside Web3.
Kelano specifically pointed out how individuals with a background in e-commerce tend to excel in Web3 due to their expertise in creating creatives and building communities.
 
vi. Closing Remarks
Hiring the right team requires a nuanced approach that combines technical expertise, personal qualities, and an understanding of the evolving landscape.
As the speakers emphasized, leveraging traditional hiring practices alongside the unique demands of Web3 is the key to building a team that not only navigates the challenges but thrives in the decentralized and ever-changing digital ecosystem.

Chapter 2 — Valuing People's Time and Quality Work (2m 13s)
In a candid conversation featuring industry experts @MarianneNFTs, @SALAMANDER12_, @MakaveliDlaCruz, and @joeyvowels, key insights were shared on the challenges and strategies for hiring in Web 3.
The discussion revolved around the importance of building a reliable and efficient team in a rapidly evolving environment. From the pitfalls of traditional resumes to the need for quick execution, the conversation provided valuable perspectives for both employers and potential hires.
 
i. The Pitfalls of Traditional Resumes
Marianne, a seasoned entrepreneur, emphasized the struggles she faced while hiring for Web 3 projects. Despite the common belief in the necessity of a portfolio, Marianne challenged the relevance of traditional Web 2 resumes for roles in marketing, content creation, and copywriting.
She argued that, in these fields, a focus on practical skills and a showcase of capabilities through a portfolio or website is more critical than academic or professional backgrounds.
 
ii. Speed and Adaptability
A crucial theme that emerged from the conversation was the significance of speed and adaptability in Web 3 hiring. Marianne underscored the need to hire individuals who can work at a fast pace and quickly adapt to changes.
In the ever-evolving landscape of Web 3, where ideas materialize rapidly, the ability to execute swiftly is paramount. While acknowledging the importance of quality, Marianne encouraged a balance, suggesting that speed should not be sacrificed for perfection.
She advocated for launching projects quickly and refining them over time.
 
iii. A Founder’s Perspective on Hiring
Sal, offering insights from a founder's perspective, echoed Marianne's sentiments on the challenges of hiring the right team. She highlighted the potential setbacks of hiring individuals who might not align with the fast-paced nature of Web 3.
Sal emphasized the unforgiving speed at which the industry operates, likening Web 3 to seven "cat ears or dog ears." She stressed the importance of assembling a team aligned with the quality and pace demanded by the space.
 
iv. Compensation and Shifting Mentality
Joey contributed to the discussion by addressing the compensation issue prevalent in the Web 3 industry. He shared Andrew's advice on avoiding the temptation to cut costs on talent, emphasizing the long-term consequences of undervaluing quality work.
 Joey urged a shift in mentality regarding compensation, highlighting the need to recognize the value of people's time and the quality of their contributions.
 
v. Long-Term Vision in Web 3
Sal concluded the conversation by pointing out the increasing presence of well-funded businesses in Web 3 and the growing trend of projects with a long-term vision.
She cited examples such as @OverworldPlay and @SeedworldMeta, showcasing how these projects secured funding before even launching, indicative of a shift towards sustainability and longevity in the industry.
 
vi. Closing Remarks
The conversation among the speakers provided valuable insights into the nuances of hiring in Web 3.
From reevaluating the importance of traditional resumes to emphasizing speed, adaptability, and fair compensation, the discussion shed light on the evolving dynamics of building successful teams in the decentralized and fast-paced world of Web 3.
Employers and job seekers alike can benefit from these strategic perspectives to navigate the challenges and opportunities presented by this innovative landscape.

Chapter 3 — Hiring People Better Than Yourself (1m 55s)
Industry experts shared valuable insights into the intricacies of building and leading teams in the Web 3 space.
The discussion, hosted by @SALAMANDER12_ and featuring prominent figures like @TPANF, @MakaveliDlaCruz, @NFTeafor2, @joeyvowel, @MarianneNFTs, and @mattlopez313, delved into the challenges and strategies associated with hiring, collaboration, and leadership within the decentralized landscape of Web 3.
 
i. The Pro Aesthetics
TPA, a prosthetic specialist and leader in the field, emphasized the importance of asking questions and displaying a genuine interest when onboarding new team members.
Drawing from his experience, he highlighted the significance of graduates and newcomers actively seeking guidance and clarification. TPA stressed that a willingness to ask questions signals reliability and a commitment to learning, fostering trust within the team.
 
ii. Web 3 Hiring Dynamics
Makaveli chimed in, underscoring the need for individuals to prove themselves in the Web 3 environment. He emphasized the importance of consistency, effective communication, and building genuine relationships.
Makaveli warned against shortcuts, noting that attempting to cheat the system through deceptive practices ultimately leads to failure in a space where transparency, as upheld by blockchain technology, is paramount.
 
iii. Leadership Wisdom
Andrea, co-founder of @thecolonyxyz, shared her extensive experience in team building from both Web 2 and Web 3 perspectives.
Her key advice included checking egos at the door, hiring individuals with diverse skill sets, and fostering a culture of collaboration.
Andrea stressed the importance of leaders setting an example by adhering to boundaries and allowing team members the autonomy to contribute their expertise.
 
iv. Don't Be the Smartest Person in the Room
Joey echoed Andrea's sentiment, emphasizing the value of humility in leadership.
He succinctly advised against being the smartest person in the room, reinforcing the idea that a successful team thrives on collective intelligence and diverse perspectives.
 
v. Cautionary Tale
Marianne added a cautionary note based on her experiences with clients who, despite hiring marketing and consultancy teams, disregarded their advice.
She urged project leaders to trust the professionals they hire and allow them the creative freedom to implement strategies aligned with their expertise.
 
vi. Recap and Encouragement
Sal wrapped up the discussion by applauding Andrea's insights and reiterating the importance of hiring individuals who surpass one's own abilities.
The overall sentiment of the conversation emphasized the collaborative and dynamic nature of Web 3 work environments.
 
vii. Closing Remarks
These insights from industry leaders provide a compass for those navigating the complexities of team building and leadership.
From fostering a culture of collaboration to embracing diverse skill sets, the Web 3 workforce thrives on openness, trust, and a commitment to continuous learning.
As the conversation demonstrated, success in the decentralized future relies on the collective efforts of forward-thinking and collaborative teams.

Chapter 4 — Hiring for Passion Over Expertise (2m 40s)
Recapping an insightful discussion featuring @mattlopez313, the CEO of @ProjectShinsei, the space's moderators, @SALAMANDER12_ and @joeyvowels, and a prominent collaboration manager within the industry, @MasterJanNFT, the focus was on the critical aspect of team building in the dynamic and rapidly evolving landscape of Web3.
The conversation revolved around the importance of passion, vision, and community support in assembling a team that goes beyond the conventional norms of hiring based solely on expertise.
In this Chapter, we delve into the key takeaways from the conversation and explore the significance of hiring for passion, regardless of the specific roles within a project.
 
i. Hiring for Passion
Matt kicked off the discussion by sharing his extensive experience in hiring, particularly in the field of sales.
With a track record of hiring 50 individuals over eight years, he emphasized the uniqueness of hiring for sales, where passion takes precedence over specific skills.
 According to him, the ability to teach expertise makes passion a more valuable trait in a potential team member.
 
ii. The Power of Conveying Passion
Matt stressed the importance of candidates conveying their passion during the hiring process.
He argued that passion aligning with the company's vision is a stronger indicator of a great worker than mere expertise.
Whether it's for collab managers, community managers, or other roles, Matt underscored the need for candidates to demonstrate not just their skills but also a genuine enthusiasm for the company's mission.
 
iii. From Experience to Passion
While acknowledging the value of experience, Matt made a compelling case for passion as the driving force.
He pointed out that even without the necessary skills, a passionate individual can be taught, and their enthusiasm can have a lasting impact on the team.
This perspective, he emphasized, holds true not only in Web 2 but is even more crucial in the emerging landscape of Web 3.
 
iv. Realizing the Vision
Sal chimed in with her own experience, highlighting the goosebumps-inducing moment when she first connected with Matt.
She pointed out that, even before Shinsei was officially launched, the passion and vision expressed by Matt resonated strongly, creating an immediate connection.
Sal emphasized the importance of passion as the driving force behind successful execution and team performance.
 
v. Passion Across Roles
A question arose regarding whether hiring for passion is role-dependent.
Matt challenged this notion, sharing experiences of hiring developers based not only on their technical skills but also on their passion for the project.
He stressed that even in technical roles, finding individuals who believe in the vision and are willing to work without immediate compensation is a key factor in Shinsei's success.
 
vi. The Community Aspect
MasterJan contributed valuable insights, expanding on the concept of hiring for passion by emphasizing the community aspect.
He highlighted the benefits of bringing in individuals with their own audiences, turning the recruitment process into a means of importing not just team members but entire communities.
This, he argued, enhances a project's reputation and trust.
 
vii. Risking Reputation for a Vision
Joey reinforced the importance of passionate team members risking their reputations for a shared vision.
He emphasized the rarity of finding individuals willing to contribute without immediate monetary compensation, emphasizing that this commitment reflects the right approach and execution.
 
viii. Closing Remarks
In conclusion, the conversation among these industry experts and leaders emphasized a paradigm shift in team building.
While expertise remains important, the spotlight is increasingly on hiring individuals driven by passion, aligned with the project's vision.
The success stories of Shinsei and other projects discussed underscore the significance of this approach in navigating the complex and competitive landscape of Web3.
As the industry continues to evolve, it is evident that passion, coupled with expertise, is the winning formula for building enduring and successful teams.

Chapter 5 — Setting Employees Up for Success (4m 38s)
This Chapter touches upon the essential aspects of employment in the Web3 industry.
@awisefo, @joeyvowels, @thegreatola, @MakaveliDlaCruz, @_AndrewForte, and @R3alTalkBENNY shared their perspectives, offering a unique glimpse into the challenges and nuances of building and sustaining effective teams.
 
i. Passion vs. Experience
Awf, the initiator of the conversation, kicked things off by highlighting the significance of passion in Web3.
Drawing on personal experiences, he emphasized how passion can be a driving force, propelling individuals to unlock their hidden potential.
Awf's emphasis on passion stems from his encounters with individuals who started their journey in the digital space for fun but ended up discovering their capabilities and motivations along the way.
In contrast to conventional hiring norms that prioritize extensive experience and educational backgrounds, Awf underscored the importance of passion as a metric for gauging an individual's effectiveness in a team or on solo projects.
According to him, passion becomes a moral boost and a motivational force, prompting individuals to strive for more and contribute meaningfully to projects.
 
ii. Passion vs. Costly Skill Sets
Joey, jumping into the conversation, shed light on the economic challenges prevailing in the Web3 space. The discussion took an unexpected turn as the participants delved into the ever-rising gas fees, a constant headache for blockchain enthusiasts.
Gas fees, the cost of transactions on the blockchain, have been a sore point for those navigating Web3. Awf and Joey shared their frustrations, recounting instances where minting NFTs became a costly endeavor due to soaring gas fees.
The conversation morphed into a comparison of gas fees in 2021 and the present, with both speakers expressing disbelief at the escalating costs.
Despite the challenges, they recognized the practicality of certain blockchains like Polygon, emphasizing that lower gas fees don't necessarily guarantee profitability if trading volumes are insufficient.
 
iii. Trust and Cultural Fit: Hiring Challenges in Web3
As the dialogue progressed, Ola contributed valuable insights about the hiring process in Web3. He pinpointed the importance of cultural fit when onboarding talent.
Ola drew attention to the nuances of transitioning talent from Web2 to Web3, emphasizing that familiarity with the culture, slangs, and dynamics unique to the Web3 ecosystem is crucial.
Moreover, Ola highlighted the significance of evaluating past experiences and contributions when hiring for Web3 projects.
The concept of "proof of work" was introduced, urging employers to verify a candidate's impact on growth during previous engagements rather than solely relying on resumes.
This, according to Ola, becomes a key determinant of a candidate's suitability for the dynamic and unique culture of Web3.
 
iv. Building the Right Team
The conversation then pivoted to Benny, who shared his thoughts on the challenges of building the right team in Web3.
Drawing on his extensive experience, Benny highlighted a common issue – the reliance on free work in the crypto industry.
Small-cap founders with promising ideas often struggle to secure funding, leading them to seek passionate individuals willing to work for free.
Benny raised thought-provoking questions about the balance between providing founders and projects with adequate time and avoiding prolonged unpaid engagements.
He stressed the need for a deeper discussion about not only how to hire a good team but also how to be a good employer.
The discussion touched upon the importance of founders ensuring that employees receive what they need in return for their time and effort.
 
v. Setting Up for Success
Joey added a crucial layer to the conversation by emphasizing the role of resources in ensuring team success.
He pointed out that hiring individuals for various roles within a project isn't enough; founders must equip them with the necessary tools and resources.
The conversation concluded with a call to set people up for success rather than failure, urging leaders to understand and leverage the unique resources each team member brings to the table.
 
vi. Optimizing Workflow: The Significance of SOPs
As the discussion continued, Andrew injected a crucial perspective into the conversation by highlighting the importance of Standard Operating Procedures (SOPs). Acknowledging the myriad of teams striving to achieve greatness in the Web3 space, he underscored the necessity of having a well-defined framework and workflow.
Andrew emphasized that despite ambitious goals, teams often struggle due to the absence of structured SOPs. Comparing it to running like a "headless chicken," he pointed out that having SOPs in place is crucial for optimizing processes and avoiding counterproductivity.
 
vii. Being a Good Employer
Sal seamlessly integrated Andrew's point into the ongoing dialogue, reiterating the notion that being a good employer is integral to hiring good employees. She delved into the practicalities of this dynamic, drawing from personal experiences.
Sal echoed the sentiment that merely having connections and bringing people into a project is insufficient. She stressed the importance of a robust foundation in the form of resources and protocols. Her insights highlighted the need for comprehensive training when onboarding team members, ensuring they understand the intricacies of the ecosystem they are stepping into.
 
viii. Symbiotic Relationships
Makaveli brought a fresh perspective, focusing on the symbiotic nature of relationships within the creator's economy, especially in the context of the Web3 space.
He challenged the conventional employer-employee mindset, framing the collaboration as a group of creators working together to advance a shared vision.
Highlighting the importance of grace periods and open conversations, Makaveli emphasized that a cohesive team requires an understanding of each member's value.
He encouraged founders and team members to engage in meaningful conversations to align expectations and foster a harmonious working environment.
 
ix. Whatever It Takes
Building on Makaveli's insights, Sal added her thoughts on the Shinsei crew's collaborative efforts.
She commended their commitment to collaboration and the collective effort displayed in their recap notes.
Sal emphasized the rarity and excitement of witnessing an entire team coming together with shared responsibility and dedication.
 
x. Proving Your Point: A Team's Collective Responsibility
Sal concluded the discussion by echoing Makaveli's sentiment of doing whatever it takes for the team's success.
She highlighted the Shinsei crew as a positive example, where individuals take on responsibilities collectively and share the burden, showcasing a level of dedication that is both rare and commendable.
 
xi. Closing Remarks
In essence, the space’s conversation provided profound insights into the intricacies of building and sustaining effective teams in the blockchain industry.
From the importance of SOPs to the symbiotic relationships within a team, the participants shed light on the multifaceted challenges and opportunities in Web3 employment.
As we navigate this ever-evolving landscape, the wisdom shared in these spaces serves as a valuable guide for both employers and employees striving to thrive in the dynamic world of Web3.

Chapter 6 — Quality Execution Over Broad Endeavors
In this recap, we feature Phase 101, also known as @Nick_Alex_1, the owner of @Kuroki_NFT, and the host @SALAMANDER12_; valuable insights were shared about the significance of team building, hiring strategies, and maintaining focus in a competitive market.
 
i. The Importance of Creativity in Hiring
Nick highlighted the transformative changes in his life and underscored the pivotal role of creativity in hiring for projects like @Kuroki_NFT, which operate with limited resources.
As a hiring manager, he emphasized the need to look beyond traditional hiring methods, recognizing the untapped potential in individuals that may not be evident on paper.
 
ii. Emphasizing Passion and Vision
Building on Matt's (@mattlopez313 in the previous chapters) insights, Nick emphasized the importance of passion when assembling a team.
By conveying the vision of the project and personal values as a founder, the team becomes an attractive force, drawing individuals who are genuinely excited about the venture. This approach reduces the need for extensive recruitment efforts, as passionate individuals naturally gravitate towards projects that resonate with them.
 
iii. Transparency and Intentionality in Resource Management
Nick stressed the importance of transparency, especially when working with limited resources. By being upfront about financial constraints and compensation models, a foundation of trust is established.
This transparency allows for a mutually beneficial working relationship, where team members understand the parameters and contribute their best efforts, even in situations where immediate financial rewards may not be feasible.
 
iv. Quality Over Quantity
Drawing parallels to real-life scenarios, Nick cautioned against the common pitfall of over-hiring. In a bid to project an impressive image, some projects may assemble large teams with overlapping roles.
However, Nick's advice is clear – it's not about the number of team members but about having the right people in key positions. Quality over quantity ensures that every team member contributes meaningfully, avoiding the inefficiencies associated with excess personnel.
 
v. Navigating the Competitive Web3 Gaming Market
Sal chimed in, discussing the hyper-competitive nature of the Web3 gaming market. She acknowledged the influx of established players from the Web2 space, bringing significant financial resources. However, Sal emphasized the importance of staying true to Web3 roots and not merely replicating strategies used by wealthier counterparts.
 
vii. Strategic Differentiation and Focus
Both Sal and Nick concurred on the need for strategic differentiation. In a crowded market, it's not just about replicating successful models but carving out a distinct identity.
Nick warned against the temptation to diversify too much, emphasizing the importance of staying in one's lane and focusing on strengths. Successful execution, according to Nick, comes from a clear understanding of the project's core competencies.
 
viii. Closing Remarks
The conversation with Phase 101 and Sal provides valuable insights for emerging projects in the Web3 gaming sector.
By prioritizing creativity in hiring, emphasizing passion, maintaining transparency, and focusing on strategic differentiation, projects can navigate the competitive landscape and build teams poised for success.
As the Web3 gaming industry continues to evolve, these principles will undoubtedly play a crucial role in shaping the trajectory of innovative ventures.

Chapter 7 — Writer's Notes
When people are passionate about what they do, the potential for achievement in our professional lives becomes significantly greater.
In Chapter 3, Andrea pointed out that people leave a person, not the company.
Drawing from my personal experiences, I enjoyed working in the F&B field, but the people I was surrounded by, especially the “egotistical” bosses, made it less enjoyable.
Having the right people, especially the right bosses, significantly influences your chances of success. So, that's about it, concluding my thoughts on the matter.
Did you enjoy reading this article? Well consider following me here in Binance Square or on X!
#strategy #web3gaming #decentralizing #blockchain​ #Innovation
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