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MUA DAO aims to bridge the gap between Web2 and Web3, for enterprises to create, operate and manage digital assets across Metaverse platforms.
Source: metaverse post
#MUADAO #dao #Metaverse #web3 #web2
Source: metaverse post
#MUADAO #dao #Metaverse #web3 #web2
🔥🔥🔥 #web2 Platforms Aim To Make #Web3 Development Easy, But Will This Hurt The Industry? 🔥🔥🔥
Potential Benefits:
1. Increased Accessibility: Web2 platforms can broaden the developer base for Web3 projects, fostering faster innovation and diverse applications.
2. Improved Efficiency: Utilizing Web2 tools can automate tasks, enhancing development speed and software quality by enabling developers to focus on core logic.
3. Reduced Costs: Easier Web3 application development on Web2 platforms may lower entry costs, promoting adoption and stimulating innovation.
Potential Drawbacks:
1. Centralization: Inherent centralization of Web2 platforms contradicts Web3 principles, creating new points of control and failure.
2. Limited Learning: Overreliance on Web2 tools may hinder developers from gaining a deep understanding of #blockchain technologies crucial for Web3 innovation.
3. Vendor Lock-In: Dependency on specific Web2 platforms might stifle innovation and competition as developers find it challenging to switch tools.
4. Privacy Concerns: Web2 platforms, collecting user data, may pose privacy issues for Web3 applications built on them.
Additional Considerations:
1. Development of open-source tools for Web3 can address centralization and vendor lock-in concerns.
2. Education programs emphasizing blockchain fundamentals alongside Web2 tools usage can ensure developers contribute meaningfully to Web3.
3. Ongoing discussions are crucial for the healthy and sustainable evolution of the Web3 industry.
#CryptoNews🔒📰🚫 #BinanceSquare
Potential Benefits:
1. Increased Accessibility: Web2 platforms can broaden the developer base for Web3 projects, fostering faster innovation and diverse applications.
2. Improved Efficiency: Utilizing Web2 tools can automate tasks, enhancing development speed and software quality by enabling developers to focus on core logic.
3. Reduced Costs: Easier Web3 application development on Web2 platforms may lower entry costs, promoting adoption and stimulating innovation.
Potential Drawbacks:
1. Centralization: Inherent centralization of Web2 platforms contradicts Web3 principles, creating new points of control and failure.
2. Limited Learning: Overreliance on Web2 tools may hinder developers from gaining a deep understanding of #blockchain technologies crucial for Web3 innovation.
3. Vendor Lock-In: Dependency on specific Web2 platforms might stifle innovation and competition as developers find it challenging to switch tools.
4. Privacy Concerns: Web2 platforms, collecting user data, may pose privacy issues for Web3 applications built on them.
Additional Considerations:
1. Development of open-source tools for Web3 can address centralization and vendor lock-in concerns.
2. Education programs emphasizing blockchain fundamentals alongside Web2 tools usage can ensure developers contribute meaningfully to Web3.
3. Ongoing discussions are crucial for the healthy and sustainable evolution of the Web3 industry.
#CryptoNews🔒📰🚫 #BinanceSquare
💪 I keep thinking about the #Blockchain fundamentals. #Decentralization is the superpower that allows us to move from #web2 to #Web3 . Web2 systems are inherently centralized, which means they cannot offer the benefits of Web3. Users just have to trust companies to do the right thing.
In reality, we know that trust is misplaced. Systems go down, platforms are #Hacked , data is leaked and sold, users are exploited.
We put so much emphasis on decentralization in Web3 because without it, we’d still be Web2.
You may also think about it sometimes 🤔
In reality, we know that trust is misplaced. Systems go down, platforms are #Hacked , data is leaked and sold, users are exploited.
We put so much emphasis on decentralization in Web3 because without it, we’d still be Web2.
You may also think about it sometimes 🤔
🤗Web1 🆚 Web2 🆚 Web3
Web1, Web2, and Web3 refer to different phases in the evolution of the World Wide Web.
1. **Web1 (Web 1.0):** This phase represents the early days of the internet, primarily focused on static content. Websites were mostly informational, and user interaction was limited. It was a read-only web where users consumed content but couldn't easily contribute or interact.
2. **Web2 (Web 2.0):** This phase marks a shift towards dynamic and interactive web experiences. Social media platforms, blogs, and collaborative websites emerged. Users could create and share content, leading to a more participatory and user-centric web. Examples include Facebook, Twitter, and Wikipedia.
3. **Web3 (Web 3.0):** This is a concept that envisions the next stage of the internet. Web3 aims to provide a decentralized and more personalized web experience. It often involves technologies like blockchain and smart contracts, emphasizing user control over data, increased privacy, and improved interoperability between applications.
#web3 #web1 #web2 #blockchain #cryptocurrency
@CryptoPotato @大壮丨Crypto @CryptoManuTe @Mbeyaconscious
Web1 🆚 Web2 🆚 Web3
Which one would you choose?
Web1, Web2, and Web3 refer to different phases in the evolution of the World Wide Web.
1. **Web1 (Web 1.0):** This phase represents the early days of the internet, primarily focused on static content. Websites were mostly informational, and user interaction was limited. It was a read-only web where users consumed content but couldn't easily contribute or interact.
2. **Web2 (Web 2.0):** This phase marks a shift towards dynamic and interactive web experiences. Social media platforms, blogs, and collaborative websites emerged. Users could create and share content, leading to a more participatory and user-centric web. Examples include Facebook, Twitter, and Wikipedia.
3. **Web3 (Web 3.0):** This is a concept that envisions the next stage of the internet. Web3 aims to provide a decentralized and more personalized web experience. It often involves technologies like blockchain and smart contracts, emphasizing user control over data, increased privacy, and improved interoperability between applications.
#web3 #web1 #web2 #blockchain #cryptocurrency
@CryptoPotato @大壮丨Crypto @CryptoManuTe @Mbeyaconscious
Web1 🆚 Web2 🆚 Web3
Which one would you choose?
#Ethereum Name Service open to building own #Layer2 : #ENS director
Khori Whittaker, the executive director of Ethereum Name Service (ENS), has disclosed that ENS is directing significant resources toward research and development for Layer 2 solutions, with a particular focus on Optimism. Whittaker indicated that ENS is exploring options for integrating its protocol with existing Layer 2 networks on Ethereum or potentially launching its own in-house Layer 2 solution, which it tentatively calls "the identity layer."
While specifics of ENS's R&D efforts remain confidential, Whittaker highlighted ongoing discussions among ENS developers, predominantly centered around leveraging Optimism for future development initiatives. Additionally, he hinted at the possibility of incorporating zero-knowledge proofs into Layer 2 development to enhance user privacy and security on public blockchains.
ENS currently faces challenges stemming from its protocol structure and limited awareness within the Ethereum ecosystem, according to Whittaker. The Ethereum Name Service facilitates the acquisition of ".eth" domain names, offering a user-friendly alternative to complex wallet addresses for transferring and receiving funds on the Ethereum network.
Whittaker's remarks come shortly after ENS partnered with domain name provider GoDaddy to enable crypto users to link their .eth domains to traditional Web2 domains, such as those ending in .com, at no extra cost.
Whittaker highlighted the need to boost ENS adoption by engaging developers and institutions. The GoDaddy partnership represents a key move toward mainstream adoption of blockchain technology.
Whittaker expressed optimism about the future of blockchain technology, envisioning a seamless integration of Web2 and
Whittaker is optimistic about blockchain's future, envisioning a unified internet experience blending #web2 and #Web3 seamlessly.
Source - cointelegraph.com
$ETH
Khori Whittaker, the executive director of Ethereum Name Service (ENS), has disclosed that ENS is directing significant resources toward research and development for Layer 2 solutions, with a particular focus on Optimism. Whittaker indicated that ENS is exploring options for integrating its protocol with existing Layer 2 networks on Ethereum or potentially launching its own in-house Layer 2 solution, which it tentatively calls "the identity layer."
While specifics of ENS's R&D efforts remain confidential, Whittaker highlighted ongoing discussions among ENS developers, predominantly centered around leveraging Optimism for future development initiatives. Additionally, he hinted at the possibility of incorporating zero-knowledge proofs into Layer 2 development to enhance user privacy and security on public blockchains.
ENS currently faces challenges stemming from its protocol structure and limited awareness within the Ethereum ecosystem, according to Whittaker. The Ethereum Name Service facilitates the acquisition of ".eth" domain names, offering a user-friendly alternative to complex wallet addresses for transferring and receiving funds on the Ethereum network.
Whittaker's remarks come shortly after ENS partnered with domain name provider GoDaddy to enable crypto users to link their .eth domains to traditional Web2 domains, such as those ending in .com, at no extra cost.
Whittaker highlighted the need to boost ENS adoption by engaging developers and institutions. The GoDaddy partnership represents a key move toward mainstream adoption of blockchain technology.
Whittaker expressed optimism about the future of blockchain technology, envisioning a seamless integration of Web2 and
Whittaker is optimistic about blockchain's future, envisioning a unified internet experience blending #web2 and #Web3 seamlessly.
Source - cointelegraph.com
$ETH
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⚡The reason for Web3.0⚡
🔹The #web2 platforms are updating their “inappropriate content” policy, as of February they intend to silence any channel that deals with “sensitive events”. Such an ambiguous term that it can cover practically any topic or aspect.
🔹As has been openly and without any dissimulation in the Davos Forum, anything that goes against the official position of governments and the 🇪🇺EU will be considered as “disinformation”, when not directly “hate crime”. The objective? Not to compromise leaders who have not even been democratically elected.
🔹The summary is a package of censorship measures, a declared social control to silence any unofficial narrative. And although social engineering disguises it with the cloak of good for citizens, society, the planet and democracy, what they do is violate the democratic principle of freedom of opinion and expression.
🔹Without a doubt #web3 has landed to offer us transparency, self-governance or new economic models, but let's not forget dear readers, this goes beyond a financial freedom as some usually call it, and here it is urgent and necessary a regulatory intervention, to differentiate tyranny from a discourse neither voted, nor elected, nor agreed.
🔹The #web2 platforms are updating their “inappropriate content” policy, as of February they intend to silence any channel that deals with “sensitive events”. Such an ambiguous term that it can cover practically any topic or aspect.
🔹As has been openly and without any dissimulation in the Davos Forum, anything that goes against the official position of governments and the 🇪🇺EU will be considered as “disinformation”, when not directly “hate crime”. The objective? Not to compromise leaders who have not even been democratically elected.
🔹The summary is a package of censorship measures, a declared social control to silence any unofficial narrative. And although social engineering disguises it with the cloak of good for citizens, society, the planet and democracy, what they do is violate the democratic principle of freedom of opinion and expression.
🔹Without a doubt #web3 has landed to offer us transparency, self-governance or new economic models, but let's not forget dear readers, this goes beyond a financial freedom as some usually call it, and here it is urgent and necessary a regulatory intervention, to differentiate tyranny from a discourse neither voted, nor elected, nor agreed.
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⭐️ Introducing Akahilz: Our Newest WAX Hub Gold Ambassador
A while ago, Tommy had the pleasure of interviewing Akahilz, the latest recipient of the WAX Hub Gold Ambassador badge. A former banker from Nigeria, Africa, Akahilz has over 3 years of#web3evangelism and content creation experience. However, his accolades don’t stop there. He is also a Key Opinion Leader on CoinMarketCap and has also been awarded the title of Ambassador for Binance, Bora, GIB, and WAX.
In order to escape the pitfalls he experienced in #web2 , Akahilz began to explore web3. By mining#YouTubevideos and reading countless articles, he began to try airdrops to gain experience. Always keen to help others, he created the “Akahilz E-Learning” column as a way to share his knowledge.
Akahilz’s opportunity to join WAX came from an invitation from a key member of his platform who was already a member of the WAX Hub. This invitation allowed Akahilz to explore the unique structure of WAX and further integrate him into the ecosystem.
Akahilz said he was attracted by WAX’s maxylabs Advent Calendar, affordable trading, a wide variety of NFTs, and the badges and airdropped NFTs he received on WAX. He also noted that WAX is almost bug-free and has never had any glitches.
If you ask him what his favorite WAX #游戏 is, RadaQuestTCG and Intraverse are definitely at the top!
Akahilz’s content creation started on YouTube. His videos on how to stay protected online and learning more about YouTube’s partner program were key to his success. In a year on YouTube, he produced more than a thousand videos. In this interview, he also thanked CoinMarketCap’s KOL manager for taking a chance on him when he was just starting out. He mentioned that his favorite type of content to produce is gaming videos. You can check out his recent videos here: t.co/KkCw73MBLN
Although Akahilz has not yet launched his own collection on WAX, he hinted that it will be soon. In his daily life, he likes to watch movies, listen to music, communicate with friends, and mentor others. In addition, he enjoys reading, learning, and making videos.
Finally, when asked if he had any information to share with the WAX community, he said he is optimistic about WAX's various initiatives and is excited to share Akahilz E-Learning with more people around the world.He encourages everyone to continue sharing knowledge and spreading the word about WAX!
A while ago, Tommy had the pleasure of interviewing Akahilz, the latest recipient of the WAX Hub Gold Ambassador badge. A former banker from Nigeria, Africa, Akahilz has over 3 years of#web3evangelism and content creation experience. However, his accolades don’t stop there. He is also a Key Opinion Leader on CoinMarketCap and has also been awarded the title of Ambassador for Binance, Bora, GIB, and WAX.
In order to escape the pitfalls he experienced in #web2 , Akahilz began to explore web3. By mining#YouTubevideos and reading countless articles, he began to try airdrops to gain experience. Always keen to help others, he created the “Akahilz E-Learning” column as a way to share his knowledge.
Akahilz’s opportunity to join WAX came from an invitation from a key member of his platform who was already a member of the WAX Hub. This invitation allowed Akahilz to explore the unique structure of WAX and further integrate him into the ecosystem.
Akahilz said he was attracted by WAX’s maxylabs Advent Calendar, affordable trading, a wide variety of NFTs, and the badges and airdropped NFTs he received on WAX. He also noted that WAX is almost bug-free and has never had any glitches.
If you ask him what his favorite WAX #游戏 is, RadaQuestTCG and Intraverse are definitely at the top!
Akahilz’s content creation started on YouTube. His videos on how to stay protected online and learning more about YouTube’s partner program were key to his success. In a year on YouTube, he produced more than a thousand videos. In this interview, he also thanked CoinMarketCap’s KOL manager for taking a chance on him when he was just starting out. He mentioned that his favorite type of content to produce is gaming videos. You can check out his recent videos here: t.co/KkCw73MBLN
Although Akahilz has not yet launched his own collection on WAX, he hinted that it will be soon. In his daily life, he likes to watch movies, listen to music, communicate with friends, and mentor others. In addition, he enjoys reading, learning, and making videos.
Finally, when asked if he had any information to share with the WAX community, he said he is optimistic about WAX's various initiatives and is excited to share Akahilz E-Learning with more people around the world.He encourages everyone to continue sharing knowledge and spreading the word about WAX!
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⚡Why choose Web3.0⚡
🔹Few infographics are as illuminating, but we are going to make the following comparison on a small scale, in a board of directors:
🔹Imagine that in a shareholders meeting, practically 50% of the decisions made there, and therefore impact the company itself, are dominated by 7 managers, out of a total of almost 4000 companies.
🔹In the same way that when you have the famous "absolute majority" in an organization, it will not matter what the others propose, contribute or give their opinion, because previously it will even have already been "agreed" among those 7, and I think we all know What does this translate into?
🔹While it is true that there are times when there are decisions that can be "stalled" when there are too many agents involved, it is normally due to bureaucratic procedures and previous negotiations not contemplated.
🔹But when one of the most powerful financial markets in the world operates in this way, it not only affects the respective companies, but also all investors and consumers, ultimately the population in general.
🔹And when this minority proposes that the product is not the service they offer, but the user directly, with information and personal data traffic, you become a barcode for the ecosystem #web2
💎"Transparency and democratization, there is nothing more"💎
🔹Few infographics are as illuminating, but we are going to make the following comparison on a small scale, in a board of directors:
🔹Imagine that in a shareholders meeting, practically 50% of the decisions made there, and therefore impact the company itself, are dominated by 7 managers, out of a total of almost 4000 companies.
🔹In the same way that when you have the famous "absolute majority" in an organization, it will not matter what the others propose, contribute or give their opinion, because previously it will even have already been "agreed" among those 7, and I think we all know What does this translate into?
🔹While it is true that there are times when there are decisions that can be "stalled" when there are too many agents involved, it is normally due to bureaucratic procedures and previous negotiations not contemplated.
🔹But when one of the most powerful financial markets in the world operates in this way, it not only affects the respective companies, but also all investors and consumers, ultimately the population in general.
🔹And when this minority proposes that the product is not the service they offer, but the user directly, with information and personal data traffic, you become a barcode for the ecosystem #web2
💎"Transparency and democratization, there is nothing more"💎
Notcoin Frenzy Spurs Massive Crypto Surge on Telegram 🚀🚀📉📉
Telegram’s Crypto Revolution: $NOT and $TON Games Propel Millions into #web3
Blockchain games built on The Open Network (TON) are revolutionizing Web3 adoption on Telegram, with idle games like Notcoin leading the surge.
Telegram’s vast user base has become a fertile ground for cryptocurrency growth as viral games like Notcoin gain massive popularity. In just under two months, Notcoin attracted over 30 million users on Telegram, facilitating the creation of TON-based cryptocurrency wallets. This idle game, where users tap their screens to earn $NOT tokens, has brought 3% of Telegram users into the Web3 fold. The subsequent listing of $NOT tokens on major cryptocurrency exchanges has resulted in significant financial gains for casual gamers.
In an exclusive interview with Cointelegraph, Inal Kardan, gaming lead at TON Foundation, highlighted blockchain gaming’s unmatched potential to draw new users into the crypto ecosystem.Web3 gamers are projected to hit 500 million by 2028.
“Notcoin’s rapid growth to 35 million users in five months demonstrated the viability of games on Telegram and the ease of user onboarding,” Kardan shared during the Expo in Warsaw.
According to Kardan, numerous Telegram-based games are swiftly amassing large user bases and revenues by utilizing marketing strategies such as sharing and mining within the platform.
The future of Web3 gaming on Telegram looks bright as these innovative games continue to drive cryptocurrency adoption and engagement.
TON gaming lead Inal Kardan sharing insights into Notcoin’s growth on Telegram. Source: NBX
Inal Kardan, TON’s gaming lead, recently unveiled the strategies fueling Notcoin’s rapid rise on Telegram at the Next Block Expo (NBX).
Kardan emphasized that Telegram serves as an accessible and largely “untapped distribution channel,” leveraging existing Web2 technologies combined with web page extensions and blockchain features.
He noted a significant shift from the “play-to-earn” models popularized by Web3 games like Axie Infinity. Instead, games like Notcoin are embracing newer approaches, including traditional monetization tactics such as advertising. Hyper-Casual Games being Perfect Fit for Telegram and TON
Yat Siu, co-founder of blockchain gaming venture capital firm Animoca Brands, shared with Cointelegraph that the success of Web3 games on Telegram and TON is partly due to the use of viral growth mechanics similar to those that drove growth on Facebook and the Apple App Store.
Siu highlighted that Notcoin’s approach offers superior value for users, aligning growth incentives more effectively than the adversarial nature of #web2 advertising models.
By integrating familiar growth tactics with innovative blockchain technology, Notcoin and other TON-based games are setting new standards for user engagement and #cryptocurrency adoption on #telegram .
Blockchain games built on The Open Network (TON) are revolutionizing Web3 adoption on Telegram, with idle games like Notcoin leading the surge.
Telegram’s vast user base has become a fertile ground for cryptocurrency growth as viral games like Notcoin gain massive popularity. In just under two months, Notcoin attracted over 30 million users on Telegram, facilitating the creation of TON-based cryptocurrency wallets. This idle game, where users tap their screens to earn $NOT tokens, has brought 3% of Telegram users into the Web3 fold. The subsequent listing of $NOT tokens on major cryptocurrency exchanges has resulted in significant financial gains for casual gamers.
In an exclusive interview with Cointelegraph, Inal Kardan, gaming lead at TON Foundation, highlighted blockchain gaming’s unmatched potential to draw new users into the crypto ecosystem.Web3 gamers are projected to hit 500 million by 2028.
“Notcoin’s rapid growth to 35 million users in five months demonstrated the viability of games on Telegram and the ease of user onboarding,” Kardan shared during the Expo in Warsaw.
According to Kardan, numerous Telegram-based games are swiftly amassing large user bases and revenues by utilizing marketing strategies such as sharing and mining within the platform.
The future of Web3 gaming on Telegram looks bright as these innovative games continue to drive cryptocurrency adoption and engagement.
TON gaming lead Inal Kardan sharing insights into Notcoin’s growth on Telegram. Source: NBX
Inal Kardan, TON’s gaming lead, recently unveiled the strategies fueling Notcoin’s rapid rise on Telegram at the Next Block Expo (NBX).
Kardan emphasized that Telegram serves as an accessible and largely “untapped distribution channel,” leveraging existing Web2 technologies combined with web page extensions and blockchain features.
He noted a significant shift from the “play-to-earn” models popularized by Web3 games like Axie Infinity. Instead, games like Notcoin are embracing newer approaches, including traditional monetization tactics such as advertising. Hyper-Casual Games being Perfect Fit for Telegram and TON
Yat Siu, co-founder of blockchain gaming venture capital firm Animoca Brands, shared with Cointelegraph that the success of Web3 games on Telegram and TON is partly due to the use of viral growth mechanics similar to those that drove growth on Facebook and the Apple App Store.
Siu highlighted that Notcoin’s approach offers superior value for users, aligning growth incentives more effectively than the adversarial nature of #web2 advertising models.
By integrating familiar growth tactics with innovative blockchain technology, Notcoin and other TON-based games are setting new standards for user engagement and #cryptocurrency adoption on #telegram .
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Are we talking about #scapemania ?
A launch and a solid team.
An opportunity to start Bullrun?
Say what you think in the comments.
This is not investment advice.
#defi #web2 #web3 #BullRun
A launch and a solid team.
An opportunity to start Bullrun?
Say what you think in the comments.
This is not investment advice.
#defi #web2 #web3 #BullRun
Telegram has become a hub for tap-to-earn games like $CATI , $MAJOR, $CATS and $DOGS while also expanding its mini-app ecosystem. Now, DuckChain emerges as the first consumer layer on Telegram. Built on $ARB Orbit, DuckChain bridges #Web2 and #Web3 using EVM and AI-driven solutions tailored for Telegram users. With the #DUCK listing only a few minutes away, users can join the Bitget CandyBomb event to deposit or trade and receive DUCK airdrops.
2022 Report Reveals: Web2 Weaknesses Contribute to Nearly Half of Crypto Losses
- A recent study by Immunefi, a security auditing company, revealed that in 2022, 46% of crypto losses were attributed to Web2 vulnerabilities.
- Within Web3 vulnerabilities, the report identified three main categories: design flaws, implementation flaws, and infrastructure weaknesses.
- The study highlighted the shift towards a more community-driven approach to Web3 security, with increased collaboration among projects, users, and security experts to address vulnerabilities.
- To brace for the 2024 bull cycle, the report suggests that Web3 projects invest in security measures, conduct thorough testing and audits of their smart contracts, and actively engage with the security community.
- By adopting these measures, Web3 projects can fortify themselves against the expected rise in hacks and exploits as cryptocurrency prices surge once more.
Amidst the prevailing concern over the hazards within Web3 technology, discussions abound regarding its inherent risks, from the peril of losing investments to rug-pulls, scams, and hacking incidents.
The discourse unveils a compelling narrative, attributing the vulnerabilities and losses not solely to Web3 but also highlighting the culpability of Web2 technology. This narrative, particularly prominent during the 2022 bear market, spotlighted major exploits like the BNB Chain, Ronin, and Qbit hacks, tarnishing Web3's reputation. Instances like the Terra Ecosystem crash, wiping out billions in a day, serve as stark reminders of the sector's susceptibility.
However, a fresh perspective emerges: Could Web2 be equally responsible for these crypto losses? Recent findings from security audit firm Immunefi suggest so. Contrary to popular belief, it's not solely bad smart contracts driving the hacks; nearly half, approximately 46%, stemmed from flaws within Web2 infrastructure.
Immunefi's in-depth analysis also reveals common vulnerabilities across both Web2 and Web3, such as leaked private keys, weak encryption, and DNS hijacking. The report categorizes security loopholes into three groups: design flaws, implementation glitches, and infrastructure weaknesses. Each category poses unique threats, as seen in exploits like the BNB Chain bridge hack, QBit hack, and Ronin bridge attack.
Looking ahead to the 2024 bull cycle, Immunefi's report forecasts a pivotal shift. Emphasizing the indispensable role of Web2 security alongside Web3, it underscores the vital role of user interface and a community-driven approach in fortifying security. As crypto projects gear up for the anticipated surge, the report advocates investment in security measures, meticulous testing and auditing of smart contracts, and active engagement with the security community.
While this insight serves as a guiding beacon, it's crucial to acknowledge the inherent volatility of cryptocurrencies. The Voice of Crypto aims to provide accurate information; however, readers are encouraged to conduct their research and exercise prudence in financial decisions within this unpredictable landscape.
#web2 #Web3Wallet #Web3 #loss
- Within Web3 vulnerabilities, the report identified three main categories: design flaws, implementation flaws, and infrastructure weaknesses.
- The study highlighted the shift towards a more community-driven approach to Web3 security, with increased collaboration among projects, users, and security experts to address vulnerabilities.
- To brace for the 2024 bull cycle, the report suggests that Web3 projects invest in security measures, conduct thorough testing and audits of their smart contracts, and actively engage with the security community.
- By adopting these measures, Web3 projects can fortify themselves against the expected rise in hacks and exploits as cryptocurrency prices surge once more.
Amidst the prevailing concern over the hazards within Web3 technology, discussions abound regarding its inherent risks, from the peril of losing investments to rug-pulls, scams, and hacking incidents.
The discourse unveils a compelling narrative, attributing the vulnerabilities and losses not solely to Web3 but also highlighting the culpability of Web2 technology. This narrative, particularly prominent during the 2022 bear market, spotlighted major exploits like the BNB Chain, Ronin, and Qbit hacks, tarnishing Web3's reputation. Instances like the Terra Ecosystem crash, wiping out billions in a day, serve as stark reminders of the sector's susceptibility.
However, a fresh perspective emerges: Could Web2 be equally responsible for these crypto losses? Recent findings from security audit firm Immunefi suggest so. Contrary to popular belief, it's not solely bad smart contracts driving the hacks; nearly half, approximately 46%, stemmed from flaws within Web2 infrastructure.
Immunefi's in-depth analysis also reveals common vulnerabilities across both Web2 and Web3, such as leaked private keys, weak encryption, and DNS hijacking. The report categorizes security loopholes into three groups: design flaws, implementation glitches, and infrastructure weaknesses. Each category poses unique threats, as seen in exploits like the BNB Chain bridge hack, QBit hack, and Ronin bridge attack.
Looking ahead to the 2024 bull cycle, Immunefi's report forecasts a pivotal shift. Emphasizing the indispensable role of Web2 security alongside Web3, it underscores the vital role of user interface and a community-driven approach in fortifying security. As crypto projects gear up for the anticipated surge, the report advocates investment in security measures, meticulous testing and auditing of smart contracts, and active engagement with the security community.
While this insight serves as a guiding beacon, it's crucial to acknowledge the inherent volatility of cryptocurrencies. The Voice of Crypto aims to provide accurate information; however, readers are encouraged to conduct their research and exercise prudence in financial decisions within this unpredictable landscape.
#web2 #Web3Wallet #Web3 #loss
Solidus Ai Tech’s $1M Compute Grant: Fueling the Future of AI
Solidus @AITECH has launched a $1,000,000 Compute Grant Program designed to support innovative companies in Web2 and Web3. This program provides unparalleled access to high-performance computing (HPC) resources, helping companies scale their AI-driven projects, build decentralized AI solutions, and push the boundaries of innovation.
Whether you’re a #Web2 AI startup or a #Web3 enterprise, this grant is your gateway to the compute resources needed to fuel your growth.
Who Should Apply?
The grant is tailored for:
Web2 AI startups looking to scale their products and enhance user capacity.Web3 ventures creating decentralized applications (dApps) requiring intensive AI compute power.Companies with a proven track record or bold concepts to leverage AI in impactful ways.
Solidus #AiTech is eager to support ventures that aim to create real-world solutions through transformative AI technology.
Grant Distribution Structure
The $1,000,000 grant is distributed across three tiers, ensuring support for companies at various stages of development:
Tier 1: Developed & Live-Stage VenturesAmount: $550,000 (50% of the total grant)Criteria: Established companies with active products, revenue, or an engaged user base, focused on scaling AI-driven solutions.Support: Large-scale compute resources, advanced integration, and collaboration opportunities.Tier 2: Mid-Stage VenturesAmount: $400,000 (40% of the total grant)Criteria: Companies with MVPs and early user engagement looking to enhance their AI capabilities and expand market reach.Support: Compute credits for AI development, mentorship, and strategic consultation.Tier 3: Early-Stage VenturesAmount: $100,000 (10% of the total grant)Criteria: Early-stage companies or ideas with high potential to leverage AI in innovative ways.Support: Resources for prototyping, mentoring, and scaling AI solutions.
Comprehensive Support
Beyond compute credits, recipients will benefit from:
AI Technology Research and Development Tools.Technical Integration Guidance and Strategic Consultations.Marketing Assistance and Partnership Support to amplify project visibility.Potential access to incubation or acceleration programs.
How to Apply
To apply, visit grant.aitech.io and submit your project details, including vision, use case, and impact potential. Applications will be reviewed based on innovation, feasibility, team capability, and alignment with Solidus Ai Tech’s mission to foster scalable solutions.
Why Apply?
This is your opportunity to access the compute power and support you need to take your AI project to the next level. Whether you’re enhancing an existing AI solution or building something revolutionary, the Solidus Ai Tech Compute Grant is designed to give you the resources to succeed.
Apply now and be a part of the AI revolution.
About Solidus Ai Tech
Solidus Ai Tech is a leading provider of high-performance computing (HPC) solutions, specializing in AI and blockchain technologies. Their mission is to provide cutting-edge infrastructure that empowers innovators to scale their AI-driven solutions, making a tangible impact on the world.
Visit >> grant.aitech.io to Apply!
Whether you’re a #Web2 AI startup or a #Web3 enterprise, this grant is your gateway to the compute resources needed to fuel your growth.
Who Should Apply?
The grant is tailored for:
Web2 AI startups looking to scale their products and enhance user capacity.Web3 ventures creating decentralized applications (dApps) requiring intensive AI compute power.Companies with a proven track record or bold concepts to leverage AI in impactful ways.
Solidus #AiTech is eager to support ventures that aim to create real-world solutions through transformative AI technology.
Grant Distribution Structure
The $1,000,000 grant is distributed across three tiers, ensuring support for companies at various stages of development:
Tier 1: Developed & Live-Stage VenturesAmount: $550,000 (50% of the total grant)Criteria: Established companies with active products, revenue, or an engaged user base, focused on scaling AI-driven solutions.Support: Large-scale compute resources, advanced integration, and collaboration opportunities.Tier 2: Mid-Stage VenturesAmount: $400,000 (40% of the total grant)Criteria: Companies with MVPs and early user engagement looking to enhance their AI capabilities and expand market reach.Support: Compute credits for AI development, mentorship, and strategic consultation.Tier 3: Early-Stage VenturesAmount: $100,000 (10% of the total grant)Criteria: Early-stage companies or ideas with high potential to leverage AI in innovative ways.Support: Resources for prototyping, mentoring, and scaling AI solutions.
Comprehensive Support
Beyond compute credits, recipients will benefit from:
AI Technology Research and Development Tools.Technical Integration Guidance and Strategic Consultations.Marketing Assistance and Partnership Support to amplify project visibility.Potential access to incubation or acceleration programs.
How to Apply
To apply, visit grant.aitech.io and submit your project details, including vision, use case, and impact potential. Applications will be reviewed based on innovation, feasibility, team capability, and alignment with Solidus Ai Tech’s mission to foster scalable solutions.
Why Apply?
This is your opportunity to access the compute power and support you need to take your AI project to the next level. Whether you’re enhancing an existing AI solution or building something revolutionary, the Solidus Ai Tech Compute Grant is designed to give you the resources to succeed.
Apply now and be a part of the AI revolution.
About Solidus Ai Tech
Solidus Ai Tech is a leading provider of high-performance computing (HPC) solutions, specializing in AI and blockchain technologies. Their mission is to provide cutting-edge infrastructure that empowers innovators to scale their AI-driven solutions, making a tangible impact on the world.
Visit >> grant.aitech.io to Apply!
N1: A Revolution in Web3 Applications
N1 Chain is on a mission to create blockchain applications that match the convenience and speed of traditional Web2 services while retaining the core advantages of Web3—decentralization and security.
How It All Began
After the collapse of FTX and Luna in 2022, it became clear that centralized crypto systems lacked trust. Against this backdrop, the idea for Nord emerged—a decentralized exchange (DEX) designed to handle massive transaction volumes with the same speed and ease as centralized platforms, while offering the security and transparency inherent to blockchain technology.
Nord’s Achievements
To achieve this ambitious goal, the team overcame several significant technical challenges:
High Performance
Nord achieved 200,000 transactions per second (TPS) by optimizing data storage and processing. They reimagined traditional approaches and leveraged cutting-edge servers and technologies to maximize performance.
System Reliability
Transaction data is processed across three levels, including multi-layered backups. This ensures security even in the event of equipment failure or other unforeseen issues.
Fast Transaction Finalization
The team developed a hybrid transaction confirmation mechanism that combines the strengths of zero-knowledge proofs (zkProofs) with optimistic methods. This innovation reduced wait times and improved reliability.
Ethereum’s Limitations
Despite Nord’s success, the team encountered several roadblocks:
Slow Processing Times: Ethereum, the platform Nord was built on, proved too slow for large-scale applications.
High Costs: Handling large volumes of data on Ethereum was expensive and unsustainable in the long term.
Dependency on Other Teams: Infrastructure development relied on external projects with different priorities and timelines.
These challenges led N1 to take a bold step: gaining full control of the process by creating infrastructure capable of handling high loads efficiently.
What Makes N1 Unique
N1 is building an ecosystem where the entire technical stack—from data processing to transaction finalization—is under their control. This approach enables them to:
Increase transaction processing speed.
Reduce transaction costs.
Maintain decentralization and security.
What’s Next?
N1 is working to make Web3 applications fast, user-friendly, and accessible. Their goal is to deliver the best of blockchain technology without compromising on comfort and reliability.
This is a groundbreaking step that redefines how blockchain applications are created
#n1 #web3 #web2
How It All Began
After the collapse of FTX and Luna in 2022, it became clear that centralized crypto systems lacked trust. Against this backdrop, the idea for Nord emerged—a decentralized exchange (DEX) designed to handle massive transaction volumes with the same speed and ease as centralized platforms, while offering the security and transparency inherent to blockchain technology.
Nord’s Achievements
To achieve this ambitious goal, the team overcame several significant technical challenges:
High Performance
Nord achieved 200,000 transactions per second (TPS) by optimizing data storage and processing. They reimagined traditional approaches and leveraged cutting-edge servers and technologies to maximize performance.
System Reliability
Transaction data is processed across three levels, including multi-layered backups. This ensures security even in the event of equipment failure or other unforeseen issues.
Fast Transaction Finalization
The team developed a hybrid transaction confirmation mechanism that combines the strengths of zero-knowledge proofs (zkProofs) with optimistic methods. This innovation reduced wait times and improved reliability.
Ethereum’s Limitations
Despite Nord’s success, the team encountered several roadblocks:
Slow Processing Times: Ethereum, the platform Nord was built on, proved too slow for large-scale applications.
High Costs: Handling large volumes of data on Ethereum was expensive and unsustainable in the long term.
Dependency on Other Teams: Infrastructure development relied on external projects with different priorities and timelines.
These challenges led N1 to take a bold step: gaining full control of the process by creating infrastructure capable of handling high loads efficiently.
What Makes N1 Unique
N1 is building an ecosystem where the entire technical stack—from data processing to transaction finalization—is under their control. This approach enables them to:
Increase transaction processing speed.
Reduce transaction costs.
Maintain decentralization and security.
What’s Next?
N1 is working to make Web3 applications fast, user-friendly, and accessible. Their goal is to deliver the best of blockchain technology without compromising on comfort and reliability.
This is a groundbreaking step that redefines how blockchain applications are created
#n1 #web3 #web2
The Dark Secret Behind Amazon's Success (And How We're Doing It Differently)
As an entrepreneur, have you ever wondered what makes Amazon tick? Beyond its exceptional customer support, there's a key factor that drives sellers to the platform: incoming traffic and boosted sales.
However, let's look beyond the surface. Sellers face hefty referral fees and skyrocketing FBA costs, eating into their margins.
At WatuGot, we're shaking things up!
Our revolutionary approach:
No referral fees
Low, flat subscription fees for store setup
Connecting merchants to local audiences
No shipping charges (hyper-local shopping)
Social networking features to onboard users (Chat Central launching Dec 2024)
Store onboarding begins Q2 2025
Why WatuGot?
We're not just another e-commerce platform. We're a hyper-local web2.5 aggregator, fostering community shopping and empowering local businesses.
Join the WatuGot movement!
Stay tuned for updates and be among the first to experience the future of local shopping.
Follow us for more insights and updates!
#WatuGot #HyperLocal #EcommerceRevolution #CommunityShopping #LocalBusiness #Innovation #ChatCentral #pinetwork #web3 #web2.5 #web2
As an entrepreneur, have you ever wondered what makes Amazon tick? Beyond its exceptional customer support, there's a key factor that drives sellers to the platform: incoming traffic and boosted sales.
However, let's look beyond the surface. Sellers face hefty referral fees and skyrocketing FBA costs, eating into their margins.
At WatuGot, we're shaking things up!
Our revolutionary approach:
No referral fees
Low, flat subscription fees for store setup
Connecting merchants to local audiences
No shipping charges (hyper-local shopping)
Social networking features to onboard users (Chat Central launching Dec 2024)
Store onboarding begins Q2 2025
Why WatuGot?
We're not just another e-commerce platform. We're a hyper-local web2.5 aggregator, fostering community shopping and empowering local businesses.
Join the WatuGot movement!
Stay tuned for updates and be among the first to experience the future of local shopping.
Follow us for more insights and updates!
#WatuGot #HyperLocal #EcommerceRevolution #CommunityShopping #LocalBusiness #Innovation #ChatCentral #pinetwork #web3 #web2.5 #web2