Web3Trends
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APTOS $APT went on a bull run yesterday. Check out the hourly chart below. #BullishChart #BullRunPredictions #BullishIndicators #Web3Trends #Web3Advancements
web3 Getting more popularity
Web3 refers to the third era of the internet, emphasizing decentralized protocols, blockchain technology, and user empowerment. Here are some key points explaining the importance of Web3:1. Decentralization: - Web3 aims to move away from the centralized model of Web2 (current internet), where power and control are concentrated in a few entities. Instead, it promotes decentralized systems that operate on blockchain technology.2. Blockchain Technology: - The backbone of Web3 is blockchain, a distributed and secure ledger. Blockchain enables transparency, immutability, and trust without the need for intermediaries. It powers cryptocurrencies and smart contracts, key elements of Web3.3. Cryptocurrencies and Tokens: - Web3 introduces the use of cryptocurrencies and tokens for transactions and value exchange. Cryptocurrencies like Bitcoin and Ethereum play a central role in decentralized finance (DeFi) and other applications within the Web3 ecosystem.4. Smart Contracts: - Smart contracts are self-executing contracts with the terms of the agreement directly written into code. They automate and enforce the execution of contractual agreements, eliminating the need for intermediaries and enhancing efficiency and trust.5. User Ownership and Control: - In Web3, users have greater ownership and control over their data. Blockchain's cryptographic principles allow users to have secure and private control over their digital identity, reducing the risks associated with centralized data storage.6. Interoperability: - Web3 aims for interoperability, where different blockchain networks can seamlessly communicate and interact. This promotes a more connected and collaborative internet, enabling various decentralized applications (dApps) to work together.7. Censorship Resistance: - Web3 strives to be resistant to censorship. Due to its decentralized nature, it becomes harder for any single entity or authority to control or shut down access to information, applications, or transactions.8. Incentive Mechanisms: - Many Web3 applications incorporate token-based incentive mechanisms. Users and contributors can be rewarded with tokens for participating in the network, contributing resources, or engaging with specific applications, fostering a more participatory ecosystem.In summary, Web3 represents a paradigm shift towards a more decentralized, transparent, and user-centric internet, leveraging blockchain and cryptographic principles to redefine how we interact with digital systems. The move towards Web3 reflects a desire for a more open, inclusive, and user-empowered online experience.#Web3Trends #RichardTeng #etf
📈 Bitcoin Buzz!
Over the weekend, Bitcoin's volume hit a whopping $10B+ with a price peak of $35,228! It's battling the $36K resistance, and everyone's watching. Will it break out? 🚀🎉 Big ETF News! Valkyrie's eyeing a green light from the SEC for a spot Bitcoin ETF by Feb 2024. Get ready for a potential market boost! 💼📊🔮 Future's Bright! Michael Saylor of MicroStrategy is all in on Bitcoin, predicting a 10x rise! 🌟💡 Did you know? Argentina could be mining Bitcoin with gas! Plus, Bitcoin miners see a 10% stock bump as BTC prices surge. And MicroStrategy just scooped up another 155 BTC. Bullish moves! 🐂✨ Crypto Corner: Adidas dives into Web3 with Bugatti-inspired kicks, and Elon Musk throws shade at NFTs—Bitcoin fans, rejoice! 🎙️👟Stay tuned for where the digital gold rush takes us next! 🧐✨#etf #BTC #Web3Trends $BTC $ETH
Beware as Trading Platforms Launch Web3 Wallets, Intensifying Cryptocurrency Fraud Risks
The integration of Web3 wallets by mainstream trading platforms like OKX and Binance signals a blending of Centralized Finance (CeFi) and DeFi. This integration, while streamlining user experience, raises concerns about increased fraud risks. Two fraud cases within these integrated wallets are highlighted:
Fake BNB Yield Fraud:
Fraudulent groups impersonate exchange personnel, promoting a fake mining pool contract.Users deposit ETH, expecting BNB returns. However, the contract returns unexchangeable fake tokens.
Holding USDT Mining L1 Token Scam:
Perpetrators promise high returns in stablecoin mining in exchange for holding USDT.Users interact with maliciously authorized contracts, leading to opportunistic theft.
Conclusion:
Bitrace calls for enhanced user education on on-chain security and risk investigation.Suggested measures include tutorials, restricting functionalities for new users, and integrating third-party threat intelligence for a safer crypto environment.
#security🔒 #Binance #Web3Trends
The integration of Web3 wallets by mainstream trading platforms like OKX and Binance signals a blending of Centralized Finance (CeFi) and DeFi. This integration, while streamlining user experience, raises concerns about increased fraud risks. Two fraud cases within these integrated wallets are highlighted:
Fake BNB Yield Fraud:
Fraudulent groups impersonate exchange personnel, promoting a fake mining pool contract.Users deposit ETH, expecting BNB returns. However, the contract returns unexchangeable fake tokens.
Holding USDT Mining L1 Token Scam:
Perpetrators promise high returns in stablecoin mining in exchange for holding USDT.Users interact with maliciously authorized contracts, leading to opportunistic theft.
Conclusion:
Bitrace calls for enhanced user education on on-chain security and risk investigation.Suggested measures include tutorials, restricting functionalities for new users, and integrating third-party threat intelligence for a safer crypto environment.
#security🔒 #Binance #Web3Trends
Socrates Launches Groundbreaking Social Media and Entertainment Platform for Web3 Users Globally
Socrates is a web3 social media and entertainment platform, combining the best of Social-Fi and Game-Fi Accessible on multiple blockchains, including Polygon, Ethereum, BNB Smart Chain (BSC), Arbitrum One & Optimism Allows anyone to participate in multiple-choice question and answers, empowering people to voice honest opinions and unique perspectives Offers large rewards for simple in-app interactions, easily redeemable
#Socrates #socialmedia #Web3🤝🥊🌐 #Web3Trends #Web3ForAll
$PEPE $MEME $SHIB
Socrates is a web3 social media and entertainment platform, combining the best of Social-Fi and Game-Fi Accessible on multiple blockchains, including Polygon, Ethereum, BNB Smart Chain (BSC), Arbitrum One & Optimism Allows anyone to participate in multiple-choice question and answers, empowering people to voice honest opinions and unique perspectives Offers large rewards for simple in-app interactions, easily redeemable
#Socrates #socialmedia #Web3🤝🥊🌐 #Web3Trends #Web3ForAll
$PEPE $MEME $SHIB
This week was an important week for WEB3, digital fashion and generative design. Headlines came from technology brands, fashion brands and leading artists:
Thirdweb introduced the Connect Wallet component to connect brands to WEB3 (with Louis Vuitton)
IYK has introduced a Fuse module that allows digital fashions to be combined and turn a jacket into a wallet (It uses ERC-6551 tech to allow the foundational garment (jean jacket here) to "hold" other NFTs, effectively turning the digital jean jacket into a crypto wallet).
#Web3🤝🥊🌐 #Web3ForAll #Web3Trends #Web3Future
Thirdweb introduced the Connect Wallet component to connect brands to WEB3 (with Louis Vuitton)
IYK has introduced a Fuse module that allows digital fashions to be combined and turn a jacket into a wallet (It uses ERC-6551 tech to allow the foundational garment (jean jacket here) to "hold" other NFTs, effectively turning the digital jean jacket into a crypto wallet).
#Web3🤝🥊🌐 #Web3ForAll #Web3Trends #Web3Future
Web3 Infrastructure Altcoin Skyrockets More Than 120% This Week Amid Publication of New ‘Vision Paper'
The native asset for a crypto Web3 infrastructure project has skyrocketed by more than 120% this week amid the rollout of a new “vision paper.”
AIOZ, the native utility token of the AIOZ Network, is trading around $0.151 at time of writing, up from $0.0683 one week ago.
The 241st-ranked crypto asset by market cap is also up a staggering 1,095% in the past month.
The AIOZ Network is a Layer-1 Interoperable blockchain built in the Cosmos (ATOM) ecosystem and with Ethereum Virtual Machine (EVM) compatibility. The project aims to serve as Web3 infrastructure for artificial intelligence (AI), storage and streaming.
The AIOZ token’s gains largely materialized this week after the project published a new “Vision Paper” that outlined the project’s use cases and roadmap for the future.
According to the roadmap, the AIOZ Network plans to revamp its website before the end of 2023 and then launch its decentralized Web3 storage infrastructure platform, AIOZ W3S, in the first quarter of 2024.
The project also says it plans to roll out the first version of its Web3 AI computing infrastructure, AIOZ W3AI, in the second quarter of next year. AIOZ then plans to launch its decentralized video streaming infrastructure the following quarter.
#Web3Wallet #Web3🤝🥊🌐 #AltcoinGrowth #Web3🤝🥊🌐 #Web3Trends
$XRP $SOL $SHIB
The native asset for a crypto Web3 infrastructure project has skyrocketed by more than 120% this week amid the rollout of a new “vision paper.”
AIOZ, the native utility token of the AIOZ Network, is trading around $0.151 at time of writing, up from $0.0683 one week ago.
The 241st-ranked crypto asset by market cap is also up a staggering 1,095% in the past month.
The AIOZ Network is a Layer-1 Interoperable blockchain built in the Cosmos (ATOM) ecosystem and with Ethereum Virtual Machine (EVM) compatibility. The project aims to serve as Web3 infrastructure for artificial intelligence (AI), storage and streaming.
The AIOZ token’s gains largely materialized this week after the project published a new “Vision Paper” that outlined the project’s use cases and roadmap for the future.
According to the roadmap, the AIOZ Network plans to revamp its website before the end of 2023 and then launch its decentralized Web3 storage infrastructure platform, AIOZ W3S, in the first quarter of 2024.
The project also says it plans to roll out the first version of its Web3 AI computing infrastructure, AIOZ W3AI, in the second quarter of next year. AIOZ then plans to launch its decentralized video streaming infrastructure the following quarter.
#Web3Wallet #Web3🤝🥊🌐 #AltcoinGrowth #Web3🤝🥊🌐 #Web3Trends
$XRP $SOL $SHIB
3 Out of Every 4 Web3 Games Have Met Their Demise
Three out of every four Web3 games launched in the past five years have met their demise, presenting a bleak outlook for GameFi industry.
Shockingly, only 690 games managed to maintain a somewhat active player base, while a staggering 2,100 games have ceased operations, which translates to an alarming annual failure rate of 80.8% for Web3 games during this period.
The failure rate was calculated by comparing the number of failed games to the total number of games launched.
The discouraging outlook is surprising considering the initial acclaim Web3 gaming received within the crypto community, offering users the ability to earn substantial rewards and tangible value from their gaming experiences.
The sector has also attracted significant interest and investments in the crypto space.
Even in the current year, Web3 gaming projects have secured over $2 billion in funding. However, the CoinGecko report casts doubt on the sustainability of the industry.
More specifically, the failure rate for Web3 games reached 107% last year as a record-high 742 games shut down.
The failure rates for Web3 games in 2019 and 2020 were at a staggering 95%, while 2021 experienced the lowest failure rate at 45%.
The report noted the impact of the bear market on GameFi development and interest, with only 244 Web3 games launched between 2019 and 2020.
During this period, the failure rate rose to 94.3% in 2019 and remained at 94.2% in 2020.
Surprisingly, despite the number of failed games increasing to 339 in 2021, it recorded the lowest failure rate due to the crypto bull run.
#Web3Trends #Web3🤝🥊🌐 #web3gaming #BinanceSquare #CryptoScoop
$XRP $SOL $BTC
Three out of every four Web3 games launched in the past five years have met their demise, presenting a bleak outlook for GameFi industry.
Shockingly, only 690 games managed to maintain a somewhat active player base, while a staggering 2,100 games have ceased operations, which translates to an alarming annual failure rate of 80.8% for Web3 games during this period.
The failure rate was calculated by comparing the number of failed games to the total number of games launched.
The discouraging outlook is surprising considering the initial acclaim Web3 gaming received within the crypto community, offering users the ability to earn substantial rewards and tangible value from their gaming experiences.
The sector has also attracted significant interest and investments in the crypto space.
Even in the current year, Web3 gaming projects have secured over $2 billion in funding. However, the CoinGecko report casts doubt on the sustainability of the industry.
More specifically, the failure rate for Web3 games reached 107% last year as a record-high 742 games shut down.
The failure rates for Web3 games in 2019 and 2020 were at a staggering 95%, while 2021 experienced the lowest failure rate at 45%.
The report noted the impact of the bear market on GameFi development and interest, with only 244 Web3 games launched between 2019 and 2020.
During this period, the failure rate rose to 94.3% in 2019 and remained at 94.2% in 2020.
Surprisingly, despite the number of failed games increasing to 339 in 2021, it recorded the lowest failure rate due to the crypto bull run.
#Web3Trends #Web3🤝🥊🌐 #web3gaming #BinanceSquare #CryptoScoop
$XRP $SOL $BTC
Adidas and Bugatti have partnered to announce the auction of a select quantity of soccer boots through Adidas’ web3 platform.
In a press release on Bugatti’s website, the companies confirmed that 99 pairs of shoes inspired by Bugatti’s car designs will be listed for sale between November 8th and 11th. Each shoe will come with a digital twin, and prospective buyers will be able to place bids using MoonPay, a crypto and NFT payment service that allows users to use fiat currency to complete crypto transactions.
Built around Adidas’ X Crazyfast laced boot, the limited-edition shoes come in black and a shade of “Bugatti Blue,” which Bugatti says was inspired by the color of early Bugatti Grand Prix cars.
After the auction concludes on November 11th, all winners will receive an exclusive digital shoebox which can be redeemed via Adidas Collect from November 13th onwards.
#Web3Advancements #Web3Trends #Web3Future #AdidasBugatti
$BTC $ETH $BNB
In a press release on Bugatti’s website, the companies confirmed that 99 pairs of shoes inspired by Bugatti’s car designs will be listed for sale between November 8th and 11th. Each shoe will come with a digital twin, and prospective buyers will be able to place bids using MoonPay, a crypto and NFT payment service that allows users to use fiat currency to complete crypto transactions.
Built around Adidas’ X Crazyfast laced boot, the limited-edition shoes come in black and a shade of “Bugatti Blue,” which Bugatti says was inspired by the color of early Bugatti Grand Prix cars.
After the auction concludes on November 11th, all winners will receive an exclusive digital shoebox which can be redeemed via Adidas Collect from November 13th onwards.
#Web3Advancements #Web3Trends #Web3Future #AdidasBugatti
$BTC $ETH $BNB
🔥🔥🔥 How #lastpass is Contributing in #Web3🤝🥊🌐 space❓🔥🔥🔥
LastPass is contributing to the Web3 space in a few key ways:
- Providing a secure way to manage Web3 credentials: LastPass can be used to store and manage all of your Web3 credentials, including your seed phrases, private keys, and public keys. This can help to protect your assets from theft and loss.
- Making it easier to access Web3 applications: LastPass can be used to automatically log you in to Web3 applications, without having to enter your credentials manually. This can save you time and hassle, and it can also help to improve your security posture.
- Educating users about Web3 security: LastPass is providing educational resources to help users learn about Web3 security and how to protect their assets. This includes blog posts, webinars, and other educational content.
Here are some specific examples of how LastPass is contributing to the Web3 space:
- LastPass has integrated with a number of popular Web3 wallets, including MetaMask, Phantom, and Coinbase Wallet. This makes it easy for LastPass users to access their Web3 wallets and manage their assets.
- LastPass is also working with a number of Web3 projects to develop new security features and integrations. For example, LastPass is working with the #Ethereum Foundation to develop a new security feature that will help to protect users from phishing attacks.
- LastPass is also educating its users about Web3 security through its blog, webinars, and other educational content. For example, LastPass recently published a blog post about the top 5 Web3 security threats.
Overall, LastPass is committed to making the Web3 space more secure and accessible for everyone. By providing a secure way to manage Web3 credentials, making it easier to access Web3 applications, and educating users about Web3 security, LastPass is playing an important role in the growth and development of the Web3 ecosystem.
#CryptoNews🔒📰🚫 #Web3Trends #BinanceSquareTalks
LastPass is contributing to the Web3 space in a few key ways:
- Providing a secure way to manage Web3 credentials: LastPass can be used to store and manage all of your Web3 credentials, including your seed phrases, private keys, and public keys. This can help to protect your assets from theft and loss.
- Making it easier to access Web3 applications: LastPass can be used to automatically log you in to Web3 applications, without having to enter your credentials manually. This can save you time and hassle, and it can also help to improve your security posture.
- Educating users about Web3 security: LastPass is providing educational resources to help users learn about Web3 security and how to protect their assets. This includes blog posts, webinars, and other educational content.
Here are some specific examples of how LastPass is contributing to the Web3 space:
- LastPass has integrated with a number of popular Web3 wallets, including MetaMask, Phantom, and Coinbase Wallet. This makes it easy for LastPass users to access their Web3 wallets and manage their assets.
- LastPass is also working with a number of Web3 projects to develop new security features and integrations. For example, LastPass is working with the #Ethereum Foundation to develop a new security feature that will help to protect users from phishing attacks.
- LastPass is also educating its users about Web3 security through its blog, webinars, and other educational content. For example, LastPass recently published a blog post about the top 5 Web3 security threats.
Overall, LastPass is committed to making the Web3 space more secure and accessible for everyone. By providing a secure way to manage Web3 credentials, making it easier to access Web3 applications, and educating users about Web3 security, LastPass is playing an important role in the growth and development of the Web3 ecosystem.
#CryptoNews🔒📰🚫 #Web3Trends #BinanceSquareTalks
🔥🔥🔥 What #lastPass doing different in #Web3🤝🥊🌐 space ❓ 🔥🔥🔥
LastPass is different from other password managers in a number of ways:
- Zero-knowledge encryption: LastPass uses zero-knowledge encryption, which means that only you have the key to decrypt your password vault. LastPass itself cannot decrypt your passwords, even if it wanted to.
- Web3 support: LastPass offers a number of features that are specifically designed for web3 users, such as support for ENS domains and the ability to generate strong passwords for DApps.
- Enterprise features: LastPass offers a number of features that are specifically designed for businesses, such as centralized administration, user groups, and security reports.
- Ease of use: LastPass is known for being one of the easiest password managers to use. It has a clean and intuitive interface, and it is easy to get started with.
Overall, LastPass is a good choice for both individuals and businesses. It offers a wide range of features, including zero-knowledge encryption, web3 support, and enterprise features. It is also very easy to use.
#CryptoOpportunities #BinanceSquareTalks #Web3Trends #BinanceFeatures
LastPass is different from other password managers in a number of ways:
- Zero-knowledge encryption: LastPass uses zero-knowledge encryption, which means that only you have the key to decrypt your password vault. LastPass itself cannot decrypt your passwords, even if it wanted to.
- Web3 support: LastPass offers a number of features that are specifically designed for web3 users, such as support for ENS domains and the ability to generate strong passwords for DApps.
- Enterprise features: LastPass offers a number of features that are specifically designed for businesses, such as centralized administration, user groups, and security reports.
- Ease of use: LastPass is known for being one of the easiest password managers to use. It has a clean and intuitive interface, and it is easy to get started with.
Overall, LastPass is a good choice for both individuals and businesses. It offers a wide range of features, including zero-knowledge encryption, web3 support, and enterprise features. It is also very easy to use.
#CryptoOpportunities #BinanceSquareTalks #Web3Trends #BinanceFeatures
🔍 The Hidden Dangers of Ignoring Crypto Audits: Lessons from Q3 2023 and OneCoin 🚨
Hey, it's Linkan! 🙋♂️ Think audits are your safety net in the crypto world? 🤔 Think again! Hacken's latest findings and the infamous OneCoin case are here to shake up your beliefs. Let's dive in! 🌊
Hacken's eye-opening research, republished on Binance News, reveals a shocking truth: most rug pulls in Q3 2023 lacked audit reports. Out of 78 examined, only 12 had audits. 😲
But wait, there's more! Remember OneCoin? This high-profile case led to losses between $4 billion and $15 billion. While not a traditional rug pull, it's a cautionary tale we can't ignore. 🚫
Key Takeaways:
1️⃣ Audits Aren't Bulletproof: An audit is a tool, not a guarantee. 2️⃣ Learn from the Past: Cases like OneCoin are wake-up calls. 🛎️ 3️⃣ Know the Signs: Familiarize yourself with common rug pull patterns. 🕵️♂️
Open-Ended Question:
🤷♂️ How do you vet crypto projects before diving in with your hard-earned money?
Hashtags:
#BinanceSquare #CryptoAudit #RugPull #OneCoin #Web3Trends
Disclaimer:
🛑 This content is not financial advice. Always do your own research before investing
Hey, it's Linkan! 🙋♂️ Think audits are your safety net in the crypto world? 🤔 Think again! Hacken's latest findings and the infamous OneCoin case are here to shake up your beliefs. Let's dive in! 🌊
Hacken's eye-opening research, republished on Binance News, reveals a shocking truth: most rug pulls in Q3 2023 lacked audit reports. Out of 78 examined, only 12 had audits. 😲
But wait, there's more! Remember OneCoin? This high-profile case led to losses between $4 billion and $15 billion. While not a traditional rug pull, it's a cautionary tale we can't ignore. 🚫
Key Takeaways:
1️⃣ Audits Aren't Bulletproof: An audit is a tool, not a guarantee. 2️⃣ Learn from the Past: Cases like OneCoin are wake-up calls. 🛎️ 3️⃣ Know the Signs: Familiarize yourself with common rug pull patterns. 🕵️♂️
Open-Ended Question:
🤷♂️ How do you vet crypto projects before diving in with your hard-earned money?
Hashtags:
#BinanceSquare #CryptoAudit #RugPull #OneCoin #Web3Trends
Disclaimer:
🛑 This content is not financial advice. Always do your own research before investing
