#Write2Earn XRP holder's lawyer John Deaton has slammed the SEC's attorneys for wrongfully describing Bitcoin (#BTC ) as a coin with no #ecosystem. #XRPHolders lawyer John Deaton has come out to slam the lawyers representing the United States Securities and Exchange Commission (SEC) over the Bitcoin ($BTC ) statement made during the past week’s hearing in the ongoing Coinbase Global Inc. lawsuit.The SEC’s Misconception About Bitcoin (BTC)While Bitcoin (BTC) is not the primary bone of contention in the lawsuit, the SEC lawyers made an analogy regarding the coin’s security status. As pointed out by renowned crypto lawyer MetaLawMan, the SEC attorneys said Bitcoin (BTC) cannot be tagged a security as it does not have an ecosystem around it.This is typically one of the major premises of the market regulator in the fight against crypto firms over the security status of digital currencies. The regulator believes the presence of a body, a development team, or a DAO that can easily be pointed out forms a common interest that is in charge of investor’s funds.One major fault in this analogy is that crypto systems are generally decentralized and so are the on-chain operations of any particular coin. While most blockchain-based firms have a development team in place, these typically function based on the overall interest of members of their #community and not vice-versa.John Deaton faulted the SEC’s argument in this regard, MetaLawMan ironically pointed out the massive community behind Bitcoin (BTC) as showcased in its hashrate that has soared to a new All-Time High (ATH) of 500 exahashes.It was, to me, the most ridiculous thing SEC lawyers uttered at the hearing. But, then again, if there’s one thing I’ve learned about SEC lawyers, it’s that they absolutely refuse to let the truth get in their way. https://t.co/B2Aj64XY2R— John E Deaton (@JohnEDeaton1) January 21, 2024Attaining this milestone is no small feat, considering that many computers around the world are plugged into the network in a decentralized and autonomous manner to maintain the integrity of the Bitcoin network.SEC’s Unrelenting FightThe market regulator held onto its erroneous idea about Bitcoin (BTC) despite the series of conversations in its prior legal battles as it relates to coins within the digital currency ecosystem.The SEC sued Ripple Labs Inc in December 2020 and it was not until July last year that Judge Analisa Torres declared in her historic ruling that XRP is not in itself a security. The premise of this ruling stems from the argument from Ripple’s lawyers that $XRP is a piece of code with a simple payment utility undertone.Rather than learn from this, the markets regulator pressed on with its lawsuit against Coinbase and Binance, declaring other assets like Cardano ($ADA ), Solana (SOL), and Polygon (MATIC) as securities as well.With its Coinbase fight, analysts are projecting a 70% win odds for the crypto exchange.🗣🗣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.

#BinanceTournament Liquid staking protocol Lido DAO's TVL has broken a huge milestone, surpassing $20 billion for the first time since April 2020In a remarkable milestone for the Decentralized Finance (DeFi) ecosystem, #LidoDAO ’s TVL recently broke the 20-month milestone, soaring past $20 billion for the first time since April 2022. The achievement highlighted in Lido’s November 2023 report reflects rising interest in and involvement in Lido’s staking platform, indicating possible bullish tendencies for the native token, #LDO .Achievements Scored Beyond Lido DAO’s TVLThe surge in Lido DAO’s TVL is not the only highlight in the recent announcement. The protocol proudly reported the surge in first-time $ETH stakers, surpassing 200,000 individuals.Furthermore, the protocol’s staking assets, including stETH and wstETH, experienced a substantial surge of 10.34%, reaching 3.52 million stETH. This growth in staking assets reflects the robustness of Lido’s ecosystem and its ability to attract and retain users.Lido DAO’s success extends beyond metrics and numbers. The protocol has demonstrated its commitment to community governance through successful Snapshot votes. Proposals related to wstETH bridge components, GOOSE goals, and the Simple DVT staking module received approval, showcasing the active and engaged Lido community’s influence on the protocol’s development.Lido DAO also made strides in terms of market integration and listing. Hashkey Exchange listed $LDO , providing further liquidity and accessibility for users. Additionally, wstETH found its place in Aave V3 on Base, expanding its reach within the broader DeFi ecosystem.However, not all aspects of Lido’s journey have been without challenges. A recent governance vote to sunset the Lido on Solana protocol led to increased withdrawal requests for staked SOL. LDO Token and Price SpeculationsLDO has become an integral part of the protocol’s #ecosystem. As the TVL milestone is achieved, attention naturally turns to the potential impact on the LDO token’s value. Historically, major achievements and milestones have been known to influence the price of associated tokens positively, and LDO may not be an exception.Exciting developments in the Lido ecosystem further fuel the anticipation of LDO soaring. Lido highlighted in the report that Governance will take center stage with multiple Snapshot votes scheduled for later in the month. Furthermore, the launch of wstETH on zkSync, Mantle, and Linea promises to enhance accessibility and scalability for users.As of the time of writing, LDO is trading at $2.29, up 1.27% in the past 24 hours with market capitalization pegged at over $2 billion.🗣🗣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. #BRC20 @wisegbevecryptonews9

#BBW2023 ML pioneer Illia Polosukhin replaces Chris Donovan as #NEAR Foundation CEOIn his new role, AI innovator Illia Polosukhin will oversee the growth of the NEAR Open Web #ecosystem. and guide the constellation of teams that leverage NEAR as a platform for dApp buiding.NEAR Protocol founder becomes new foundation CEO, announcement saysIllia Polosukhin, a founder of high-performance sharded blockchain NEAR Protocol, joins NEAR Foundation nonprofit as CEO. His predecessor, Chris Donovan, will be stepping into the COO role, an official foundation statement says.Illia Polosukhin, Co-Founder of NEAR Protocol, returns to the NEAR Foundation as CEO.Read about what this means for the NEAR Foundation here:https://t.co/tkHGTmv4Te— NEAR Foundation (@NEARFoundation) November 7, 2023Polosukhin stressed the importance of his new appointment and highlighted that processes optimization within the NEAR ecosystem will be his top priority in his role:I’m honored and excited to officially join the NEAR Foundation and continue working together with the ecosystem to build towards our shared vision of an open web. Effectively coordinating a decentralized ecosystem involves a lot of iteration and experimentation and I’m proud that NEAR has committed to refining this process since the very beginning. I believe this next step in our shared evolution will help us build our respective verticals faster and work together more efficiently.Donovan will also remain as a member of the NEAR Foundation Council. Marieke Flament, who served as the #Ceo of NEAR Foundation since Q1, 2021, announced her resignation in September.On March 3, 2023, NEAR Foundation announced the transition toward the status of Blockchain Operating System, i.e., a one-stop technical platform for heterogeneous dApps.NEAR price added 35% in last monthPer data from DappRadar aggregator, NEAR Protocol is in the top 25 of programmable blockchains by number of active dApps, smart contracts and so on.Racing toward NEARCON 2023, the most anticipated event for ecosystem enthusiasts, the price of NEAR, a core asset of the NEAR Protocol, is pumping hard.In the last 30 days, it added over 34%. On Nov. 5, 2023, it set a new local high at around $1.65. The last time the NEAR price was so high was in early June.#BNBecosystem

Each year, centralized content and application platforms enforce increasing restrictions on users and developers, under the belief that limited options contribute to a more robust network. Recognizing the importance of an urgent need for alternatives, proponents of fully decentralization have highlighted the importance of such integration. Yet, there remains a misconception that decentralization mandates integrating the content and application network on-chain, which is not redundant but also undesirable. Content and application platforms generate vast amounts of data annually, making on-chain storage prohibitively expensive. A more effective approach to decentralized ownership involves leveraging on-chain systems for ownership decentralization while utilizing off-chain systems for an enhanced user experience, a hybrid system that is conducive for the development of content and application layer.

The term “Sufficient Decentralization” (for social networks) was first proposed by the team at Farcaster, an industry leading social graph that raised $30M in their 2022 seed round led by a16z crypto. With an increasing acknowledgment and validation of this belief given the rapid rise of Farcaster, #NvirWorld aims to be first mover to onboard the next-generation social centric and gaming applications on Nvir Web3 Studio (“NWS”) launchpad and incubate nascent projects to capitalize on its native L2 rollup that harnesses both interoperability and modularity.

NWS: Visionary Launchpad and Incubator
NWS, a #Launchpad and #Incubator focusing on content and applications, is poised to launch at the onset of Q2. At its core, NWS upholds a “community first” ethos, serving as the central nexus within the blockchain landscape. It connects its ecosystem of holders, platform, and promising early-stage content and application-centric projects. This ecosystem boasts significant potential for growth and innovation.

With the support of #NvirWorld ecosystem partners such as Openfort and Internet Computer, NWS endeavors to onboard and shortlist projects for fundraising campaigns hosted on its launchpad. NWS is committed to adopting an equitable approach through a tier-allocation mechanism. This mechanism ensures that token holders, stakers, and farmers can benefit concurrently from the platform’s activities. Eligibility for Initial DEX Offerings (IDOs) will be determined by this tier system, rewarding those actively engaged in staking and yield farming initiatives.

The fundamental technology powering the launchpad is a sophisticated smart contract meticulously crafted to serve as a comprehensive solution for managing token staking, sales, and distribution processes. This smart contract operates in a fair and decentralized manner through a tier-based allocation mechanism, ensuring transparency and equity throughout these processes.

In addition to helping late-stage projects in fundraising through its launchpad platform, the NWS incubation arm actively seeks out emerging projects in need of operational guidance to progress from inception to maturity. Once these projects attain operational readiness, characterized by a sustainable user base and robust performance metrics, NWS facilitates their integration onto either the NWS Launchpad or the native NVIR rollup solution.

The NWS incubation and launchpad programs are meticulously structured to incorporate a mechanism where the foundation receives an advisory portion from providing various services to supported projects. The net proceeds generated from these services are wholly allocated towards #NVIR token buyback and subsequent burning, serving a strategic purpose of creating a deflationary impact on the token’s circulating supply. This approach is strategically designed to enhance the token’s overall value proposition and ecosystem sustainability.

NWS is poised to act as the central conduit for its native Layer 2 (L2) rollup solution, which will serve as the backbone powering the entirety of its ecosystem. This L2 rollup architecture represents a sophisticated layer of scalability and efficiency enhancements for blockchain operations within the NWS #ecosystem.

NVIR L2 Rollup: Harnessing Interoperability and Modularity
Developers are progressively constructing applications and protocols across multiple clusters within interconnected ecosystems. In such a dynamic environment, operating as a standalone network exacerbates the challenges of accessibility and interoperability within an already intricate cross-chain landscape. By integrating with cross-chain protocols, interoperable smart contracts, and scalable infrastructure solutions, developers can unlock new opportunities, expand their reach, and contribute to the evolution of a more connected and accessible blockchain ecosystem.

Introducing NVIR L2, a cutting-edge interoperable and modular rollup powered by OP Stack, meticulously crafted for unparalleled scalability and functionality. OP Stack stands out as a robust framework tailored to forge layer-2 solutions that excel in scalability and interoperability, underpinned by core principles of utility, simplicity, and extensibility. Embracing OP Stack as the foundational framework for NVIR L2 paves the way for the creation of scalable and interconnected solutions that epitomize these foundational principles.

The incorporation of flexible execution client options within NVIR L2 plays a pivotal role in fostering decentralization and optimizing platform performance. Leveraging OP Stack’s modular replaceable execution design empowers NVIR L2 to execute smart contracts using a variety of client options. This design not only enriches interactions with the blockchain network but also fortifies platform decentralization by reducing reliance on a singular client implementation.

OP Stack further introduces replaceable Data Availability (DA) layers, addressing the pressing challenge of high gas fees inherent in layer-2 solutions. By segregating the DA layer from the execution layer, NVIR L2 gains the flexibility to choose from a spectrum of DA options, strategically optimizing for both security and performance.

At the core of OP Stack’s architecture lies the superchain concept, enabling horizontal scalability through interconnected L2 rollup networks. Unlike creating isolated blockchains, the superchain facilitates the construction of interconnected ‘OP chains,’ where each chain shares the foundational OP Stack layer. This standardized architecture fosters seamless cross-chain messaging, empowering NVIR L2 to seamlessly interact with prominent OP chains like Coinbase’s Base and Binance’s OpBNB. Such interoperability not only amplifies network effects but also fosters a fertile ground for innovation within the broader blockchain ecosystem.

Mission: Holistic Ecosystem for Global Innovation
The rapid evolution of the blockchain industry between 2020 and 2023 has marked significant strides in achieving interoperability, especially evident within the 0x ecosystem. NVIR L2 emerges as a pivotal platform in this transformative phase, positioned to onboard cutting-edge content and application projects from the incubator program and launchpad. Acting as the core pipeline for global initiatives with immense potential, NVIR L2 offers an interconnected environment alongside prominent op-chains like Base and OpBNB. This underscores a steadfast commitment to driving innovation, scalability, and utility within the blockchain space, shaping a future where collaboration and cutting-edge technology redefine decentralized ecosystems’ possibilities.