In recent years, the world of cryptocurrency has been revolutionizing the way we conduct financial transactions. Since then, Bitcoin has been the face of the crypto movement.

Bitcoin was created as a digital currency, designed to act as a decentralized alternative to traditional currencies. It was primarily developed as a medium of exchange, and its main use case is for peer-to-peer transactions. Very much different is the approach of other projects such as Ethereum. Ethereum was created as a platform for building decentralized applications. It offers more advanced features and capabilities, including the ability to execute smart contracts, which are self-executing contracts with the terms of the agreement between buyer and seller being directly written into lines of code.

Ethereum 2.0 Merge: Price, Impact & Outlook

Now, Stacks would like to combine both worlds. Stacks is a decentralized computing platform that has gained traction in the crypto community.

Stacks is expected to bring scalable transactions and useful smart contracts to Bitcoin without changing the underlying blockchain itself.

The project chose Bitcoin as it is the first and most secure blockchain. Bitcoin offers potential not only as a cryptocurrency but also as a general transaction protocol. The team assumes a similar development for cryptocurrencies as in the competition for Internet protocols back in the days. The TCP/IP protocol was the only version that became the standard. All others were then built on this protocol.

Stacks, formerly known as Blockstack, is a unique project that uses the Bitcoin blockchain to build decentralized applications (dApps). This platform leverages the security and stability of the Bitcoin network while adding new functionalities to the blockchain. Unlike other blockchain-based projects, Stacks focuses on empowering developers to build scalable, decentralized apps that can run on Bitcoin.

Bitcoin has a limited capacity to process transactions, which can cause delays and high fees. Stacks addresses the scalability issue through a combination of Layer 2 scaling, dApp scaling, the PoX consensus algorithm, and support for sidechains. By leveraging these strategies, Stacks can improve the speed, efficiency, and scalability of its network, while also providing a secure and decentralized platform for building decentralized applications.

The Stacks platform offers several benefits to its users, including enhanced security, transparency, and decentralization:

One of the primary advantages of Stacks is its focus on empowering developers to build decentralized applications. The Stacks platform provides developers with all the tools they need to build and deploy dApps, including a suite of developer tools, a robust smart contract language, and comprehensive documentation. This makes it easier for developers to build and deploy decentralized applications, even if they have limited experience with blockchain technology.

Stacks also offers several unique features that set it apart from other blockchain-based platforms. For example, Stacks allows for the creation of non-fungible tokens (NFTs) on the Bitcoin blockchain, which has been a highly anticipated feature in the crypto community. Additionally, Stacks offers a Stacking feature that enables users to earn Bitcoin by holding and locking their Stacks tokens.

Stacks operates using its unique programming language Clarity and development environment Clarinet.

Clarity, a novel language that brings smart contracts to Bitcoin, is designed to prevent the many bugs and exploits prevalent today.- Predictable- Decidable- Secure- Security into Bitcoin stacks.co

The Stacks blockchain enables users to write smart contracts, build apps, issue nonfungible tokens (NFTs), and participate in decentralized finance (DeFi) backed by the BTC Blockchain at all times. By using Stacks apps, creators can also have a share of the value that they help create

The Stacks Blockchain provides a direct connection to the Bitcoin Blockchain using a hybrid consensus mechanism, the Proof-of-Transfer (PoX). This ensures that every transaction executed on the Stacks Blockchain can also be verified and traced on the Bitcoin Blockchain.

Stacks is not the only second-layer solution for Bitcoin.

The Lightning Network, for example, is a second-layer network built on top of the Bitcoin blockchain. The network enables fast and economically efficient off-chain processing of transactions, contributing to Bitcoins scalability. The second-layer solution, in which Bitcoin transactions are processed off-chain until they are settled, is an increasingly important pillar for BTC payment transactions.

Read more: Lightning: The Upgrade That Bitcoin Needs

However, there are several key differences between Stacks and Lightning. While both platforms are built on the Bitcoin network, Stacks focuses on empowering developers to build decentralized applications, while Lightning is primarily focused on enhancing the payment capabilities of Bitcoin. Additionally, Stacks offers more comprehensive smart contract capabilities than Lightning, making it a more flexible platform for developers.

The platform Cake DeFi provides an easy and user-friendly way to generate passive cash flow on your crypto portfolio. This is done in three different ways, called lending, staking, and liquidity mining. All you have to do is to sign up for the platform, top-up money via credit card, or transfer cryptocurrencies and put your assets to work. Read more.

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On the official site of Stacks, there are already several decentralized apps that you can use with the STX Hiro Wallet. Meanwhile, you can find more than 400 apps developed on the Stacks ecosystem by independent developers and entities.One of the main reasons why Stacks has recently attracted so many investors might be related to the release of several NFT projects.

City Coins are cryptocurrencies that can be issued by communities to improve their cities. They can be mined by anyone, with 70 percent of the profits going to the miners and 30 percent of the mining proceeds going to the respective city. The mined city coins, in turn, can be staked on stacks, thereby accumulating Bitcoin.The first coin of this kind is the MiamiCoin (MIA), which was released by the US city in the state of Florida. Miami is considered a crypto hotspot worldwide. Mayor Francis Suarez even wants to make Miami the Bitcoin capital of the world. So far, everything seems to be going according to plan on this mission. Since August, the Miami City Wallet has raised over 17 million US dollars.

In den letzten Wochen sind immer mehr NFT-Projekte auf Stacks gestartet. Beispielsweise wurden Anfang dieser Woche die sogenannte Bitcoin-Birds-Kollektion binnen weniger Stunden komplett ausverkauft. Die erhhte Nachfrage nach den Bitcoin NFT hat dazu gefhrt, dass auch die Nachfrage nach STX angestiegen ist.

Stacks STX token is at the center of the ecosystem and is used to execute smart contracts and process transactions on Stacks.STX coins are mined by holding bitcoin. In addition, Stacks also offers the opportunity to earn bitcoin by staking STX. The cryptocurrency STX is thereby required to operate the networks smart contracts.

Stacks enables the creation of smart contracts that are secured by the Bitcoin blockchain. This has opened a new door for making NFTs and DeFi products that have high security provided by Bitcoin. With its focus on empowering developers to build decentralized applications, Stacks has the chance to become a relevant player in the world of blockchain technology. While it does face competition from other projects like Lightning, its unique features and comprehensive smart contract capabilities set it apart from other blockchain-based platforms. As the world of cryptocurrency continues to evolve, it will be exciting to see how Stacks and other promising projects shape the future of decentralized computing.

Read more from the original source:

What Is Stacks? Smart Contracts on Bitcoin[Outlook &Upate] - DataDrivenInvestor

Image Credits: Soul Wallet's founder Jiajun Zeng in the middle. Photo: Soul Wallet

If you own a non-custodial crypto wallet like MetaMask, you know the headache of keeping your 16-word seed phrase safe. Thats the responsibility that comes with having full control over ones digital assets.

A third-party wallet, like one hosted by an exchange, on the other hand, stores private keys on users behalf and provides a better user experience. The risk is the lack of transparency over how user funds are managed, which could lead to incidents like the FTX meltdown.

Some believe a new technical change in the Ethereum ecosystem is about to solve the dilemma between asset control and user experience. At the center of the movement is the ERC-4337 standard introduced by the Ethereum Foundation, the non-profit research affiliate of Ethereum, the worlds second-largest cryptocurrency that boasts a vibrant developer community.

Jiajun Zeng, a former product manager at TikToks parent firm ByteDance and Chinese on-demand services giant Meituan, was amongst the first to leverage the new standard. His startup Soul Wallet just raised $3 million in a seed funding round to offer an online, self-custodial Ethereum wallet built on top of ERC-4337.

Comparing existing crypto wallets and wallets powered by the new technical upgrade is akin to comparing Nokia to iPhones, said Zeng in an interview with TechCrunch.

After the FTX implosion, people are refocusing on how to achieve a better user experience on a self-host wallet, observed Zeng.

At EthDenver, a major Ethereum developer conference that attracted over 30,000 attendees in the Colorado capital in early March, the new standard was generating plenty of buzz amongst blockchain application builders.

Through ERC-4337, Ethereum plans to bring smart contract capabilities to wallets (through whats called account abstraction, but lets not get into the nitty-gritty). In short, developers can program smart contracts, or lines of codes that execute predefined agreements, into wallets.

Being smart means doing away with some of the legacy issues of crypto wallets, such as the reliance on seed phrases. Instead, smart contract-enabled wallets make it possible for users to recover their accounts via social recovery, such as using ones trusted contacts, another wallet, or even a third-party service. For those who use WeChat, its a similar account recovery process.

Developers can also code other customized functions into wallets, such asletting users pay gas fees using stablecoins rather than limiting payments to Ethereum.

MetaMask, a popular self-custodial Ethereum wallet, uses an old cryptographic method called EOA, or externally owned accounts, where if a user loses their private keys, their funds are forever lost. Early mover Argent has incorporated some smart functions into its wallets but the features are still limited, said Zeng.

The challenge of introducing any new technological standard is scaling. MetaMask has sticky users because its compatible with many popular decentralized apps. The question is how Soul Wallet and other similar startups can compete to build a significant pool of partners.

Ethereum is promoting smart contract wallets as the future of Ethereum, so dApp developers will feel incentivized to make the switch, reckoned Zeng, an active member of the Ethereum community.

We are targeting the next billion crypto adopters rather than trying to win users away from the likes of MetaMask, said Zeng.

In developing countries like South America and Africa, people are using cryptocurrencies to hedge against currency inflation, so its down to how crypto adoption can spread in these regions, he continued.

As for developed countries, adoption hinges on how dApps and NFTs are evolving.

Soul Wallet is currently undergoing internal testing and is scheduled to launch in Q3 or Q4 after a series of stringent audits, according to Zeng. The team has a dozen people spanning the U.S., Japan, Thailand, and China.

Investors that participated in its latest party round include Struck Crypto, Game7DAO, NGC ventures, Dispersion Capital, Alchemy, Ankr and Signum Capital. The financing was also backed by a few notable angel investors such as David Hoffman and Ryan Sean Adams from Bankless; Kristof Gazso, the co-author of ERC-4337; Marc Zeller from Aave-Chan Initiative; Scott Moore from Gitcoin; Terence Tsao from Arbitrum; and Tim Beiko from Ethereum Foundation.

Updated on March 16, 2023 with the funding rounds investor list.

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Backed with $3M, Soul Wallet aims to bring self-hosted crypto wallets to the next billion - TechCrunch

The next generation of the internet is fast approaching, with decentralized protocols and blockchain data opening up a new generation of internet access for users. With more focus than ever on data privacy, secure streaming and decentralized networks, Web 3.0 projects are seeing huge growth across the board.

The Web 3.0 revolution offers a fantastic chance for investors to see huge gains by backing web 3.0 crypto coins that capitalize on emerging technologies like smart contracts and digital assets to deliver phenomenal user experiences. Here are the top web 3.0 crypto coins to buy right now:

What is Metacade?

Metacade is an incredible new project that has made a huge splash in the top Web 3.0 investment communities as a result of the much-lauded whitepaper and the ferocious interest in the projects presale. The newcomer has already raised an eye-watering $10.2m in just 16 weeks, and shows no sign of slowing down as investors clamor to invest in the best and safest web 3.0 crypto coins that offer the most potential returns.

At the heart of the Metacade teams plans is the creation of the worlds largest play-to-earn (P2E) arcade, meaning that the platform will boast a huge library of games covering a range of different digital worlds and a wide array of other gaming experiences for users.

Gamers will earn rewards for playing their favorite games, as well as for other activities that help improve the overall user experience in the Metacade platform. This means actions like sharing alpha or engaging with the community will also allow users to earn rewards.

Why should you invest in Metacade?

The Metacade platforms token, MCADE, allows the platform to function effectively. MCADE is the currency of the entire ecosystem, so it powers not just the rewards but all other exchanges of value, such as buying merchandise or entering competitive tournaments.

The design choices for Metacade make MCADE a strong investment choice, with staking options enabling investors to earn a passive income as they hold for big future gains.

What are the risks of investing in Metacade?

While Metacade has a huge amount of potential, the nature of the crypto market is that it is more volatile than other assets. As Web 3.0 is still in its early stages, crypto coins are highly speculative investments, even those with very low market capitalization.

>>> You can participate in the Metacade presale here <<<

What is AltSignals, and how does it fit in with Web 3.0?

The AltSignals project is something of a rarity in the crypto space, as it is built off the back of an already successful project. AltSignals provides traders with the very best trading signals out there and boasts an incredible 50,000 users and a 4.9 out of 5 rating on Trustpilot.

This happy user base provides a perfect target market for the project with its new undertaking the release of the ASI token to support the development of its cutting-edge new ActualizeAI product. ActualizeAI allows its users to benefit from the latest in machine-learning technology and receive trading signals ahead of everyone else, maximizing their profits.

Why you should buy AltSignals?

With such an incredibly strong user base, and the crypto market continuing to show volatility that traders can capitalize on, there is no better time to invest in the exception trading signals providers, as the market for these services will likely continue to boom.

What are the risks of investing in AltSignals?

With an incredibly strong user base, seeing the downside is difficult. As with all investments, there is always a risk of unforeseen circumstances, so investors should always consider this ahead of investing.

>>> You can participate in the AltSignals presale here <<<

What is Helium, and how does it fit in with Web 3.0?

Helium is an ambitious project that is looking to build the worlds biggest distributed network for internet access effectively a peer-to-peer network that provides network access in your area in return for the helium networks native cryptocurrency, HNT. The Helium network aims to deliver a sea-change in the way in which the internet is accessed, and uses its own proof of coverage algorithm for consensus.

Why you should buy Helium?

The project boasts allowing low power devices to take part and as a result already boasts nearly 1 million nodes called hotspots which support its worldwide network users, and the decentralized network built by the project is on the most impressive plans for exclusively decentralized infrastructure in the whole of Web 3.0.

The tokenomics and staking options for the HNT token are compelling, and the distribution of native token HNT changes over time to support a set of incentives that is targeted with the needs of the network.

What are the risks of investing in Helium?

The main risk with investing in the Helium network is that it is competing with large centralized internet service providers and it remains to be seen whether there will be regulatory problems with a decentralized cloud infrastructure provided through a decentralized blockchain network. Legal issues could be a blocker in some cases, with determining who is responsible for torrent client software running on a peer-to-peer network infrastructure likely to be a stumbling block.

What is Chainlink, and how does it fit in with Web 3.0?

Chainlink provides oracle services, and in doing so, ensures that smart contracts are able to gain access to off-chain data that is, real world data that smart contracts are unable to access themselves in a trustless way. The project achieves this by an extensive set of rules that incentivizes node operators to behave in a trustworthy manner.

The networks nodes risk their staked LINK based on the quality of the data they provide, and so there is minimal risk of a bad actor being able to game the system, and this data accuracy helps provide a vital function when it comes to the global scale and scope of web 3.0 use cases.

Why you should buy Chainlink?

Chainlink is already widely traded and used extensively across the industry, with many DeFi protocols using Chainlink to retrieve the trading pair values of centralized exchanges. The number of partnerships Chainlink has is unrivaled, and with all data access requiring the native token LINK, it could be a strong investment choice for the future.

What are the risks of investing in Chainlink?

Investing in Chainlink is a risk because, as a project which is already very well known, it requires substantial levels of enterprise adoption to produce big returns at this point. It boasts a partnership with payments giant Swift and so could achieve this, but other alternatives could occur as big TradFi players start to enter the market.

What is Filecoin, and how does it fit in with Web 3.0?

The Filecoin network is a decentralized storage network that offers safe and secure distributed storage for its users. It effectively operates as a decentralized marketplace for storage needs, with all transactions powered by the FIL token.

This allows providers to rent out their storage space in return for FIL crypto coins, and this makes Filecoin a key part of a growing sector of Web 3.0 digital assets which are addressing web infrastructure needs.

Why you should buy Filecoin?

The demand for permanent data storage providers has never been higher as more and more projects look to store data, and a more decentralized web could see more demand to move away from the traditional data center storage provider model.

The Filecoin project also is prepared for the importance of data availability, with specific use cases for video streaming showing the ability of the project to also transmit data quickly and easily.

What are the risks of investing in Filecoin?

Filecoin is up against some of the big players that offer cloud storage space and focus on secure data storage solutions, and wrestling a piece of the market away from the tech giants is easier said than done.

What is The Graph, and how does it fit in with Web 3.0?

The Graph protocol is enabling access to all of the data stored across different blockchain networks, meaning that users data in the dApps and other use cases can easily retrieve specific data in a readily consumable way.

This is achieved through indexing the data, and the GRT token is used to facilitate a host of different roles that make up the projects ecosystem.

Why you should buy The Graph?

The indexing system used by The Graph enables many different use cases that would otherwise have to host their own nodes for each blockchain network they wish to access. By taking the steps required to organize blockchain data, the project could see demand for the services grow significantly over time pushing up the price of the GRT token.

What are the risks of investing in The Graph?

As blockchain networks continue to build traction over time, we could see alternatives to The Graph appear. There is also a risk that should the demand for specific services not reach a required threshold, then the GRT incentives may not be enough to ensure the data is available, which could also see competitors swoop in.

What is Uniswap, and how does it fit in with Web 3.0?

Uniswap is a decentralized exchange that uses the Ethereum blockchain, and provides users with a means of trading crypto coins without the need for a centralized exchange. The project enables transfers using a trading methodology known as automated market maker.

Uniswap has proved popular due to the high levels of privacy it provides, and many crypto wallets allow direct access. The project has proved so successful that many similar projects have spawned over time, such as PancakeSwap for the Binance Smart Chain.

Why you should buy Uniswap?

Uniswap is a fantastic example of how projects are innovatively utilizing blockchain technology to provide improved user experiences. As the use of Ethereum grows over time, we could see the volumes of users across Uniswap grow too, meaning price appreciation for the platforms token, UNI.

What are the risks of investing in Uniswap?

Uniswap is already well known but also faces increased competition both in terms of the layer-1 protocols and other automated market makers. While it remains one of the most widely used platforms when it comes to DEXs, it could struggle to maintain its momentum over time.

What is Cosmos, and how does it fit in with Web 3.0?

Cosmos decentralized network-powered interoperability protocol, joining together many different protocols through its own ecosystem of multiple blockchains. It uses a token called ATOM to power the Cosmos Hub, which is central to the ecosystem and allows for staking of tokens in order for holders to earn a passive income.

Why you should buy Cosmos?

The problem of interoperability is a significant one for web 3.0, and many see Cosmos as the most effective solution in the space. If Cosmos can solidify itself as the glue that holds different blockchains together, then all sorts of use cases will need to use the ATOM token standard whether they cover virtual private network capabilities, cloud-based media streaming, or even just store digital assets.

What are the risks of investing in Cosmos?

Cosmos is betting on many blockchains ultimately being required to meet the use cases of the next generation of the internet. While this could well be the case, should one blockchain end up with the vast majority of market share, then the use case for Cosmos is substantially weakened.

Cosmos also needs to watch out for TradFi players entering the space, as private networks between legal entities could also do away with a key opportunity for growth for the project.

What is Ethereum, and how does it fit in with Web 3.0?

Ethereum is a public permissionless layer-1 protocol that has dominated the decentralized protocols space for years. It boasts the highest number of network users for any decentralized blockchain network and uses the ETH token to power its transaction fees.

Why you should buy Ethereum?

Of all decentralized projects, the Ethereum blockchain is one of the most well-known. With the project also boasting 100% uptime since its launch, its a firm favorite for future development. This means that Ethereum is likely to benefit from the growth of crypto for a while, and those looking to create decentralized projects to leverage blockchain technology are always going to consider picking Ethereum, making growth almost a sure-thing for the big player.

What are the risks of investing in Ethereum?

Investing in the Ethereum blockchain is not without its risks, though. The project is among the most well known, and so a great deal of its future potential is already priced in. This means that while ETH could post good returns, its unlikely to be able to produce the kind of returns that early stage projects are able to deliver.

What is Solana, and how does it fit in with Web 3.0?

Solana is a layer-1 protocol that competes with the Ethereum network in the public permissionless space. It uses a novel consensus mechanism known as Proof-of-History and has benefited from a great deal of investment and support from big VC players in the space.

Why you should buy Solana?

The project already has a wide range of projects and use cases live on the network, such as virtual world and the the sale of virtual real estate across Ethereum and Solana exceeded $100 million in just one week of 2021.

If use cases continue to grow and the platform can remain stable and consistent for its growing base of developers, then demand for the SOL token (used for all transaction fees) could continue to grow throughout 2023 and beyond.

What are the risks of investing in Solana?

Solana has seen rapid development, but has been plagued by downtime with several instances of the network requiring a complete stop in order for technical issues to be resolved. This means that many projects are likely to prefer alternatives when choosing where to deploy smart contracts. The market cap is already relatively high as far as layer-1 market caps go, meaning there are likely to be bigger returns found elsewhere.

What is Polkadot, and how does it fit in with Web 3.0?

Polkadot is another crypto project that is focused on interoperability between different chains, and was founded by Gavin Wood, known for being one of the team that founded Ethereum. The project uses technology called parachains to provide a means of bridging together different blockchains, and has built up a passionate community of supporters since its launch.

Why you should buy Polkadot?

Polkadot is known for having a very strong technical team and this could be key in the project being able to differentiate itself in an area of crypto known for its technical difficulty.

The project uses the DOT token heavily, and so this utility is important in considering the cost effective investment potential of the project.

What are the risks of investing in Polkadot?

Polkadot faces fierce competition from the likes of Quant Network and Cosmos, and recently announced that CEO Gavin Wood would be standing down. The remaining team will need to steer the project through this period of uncertainty.

The project has also been the victim of hackers more than once, and given that only a limited number of parachains go to auction at any one time, there may be some limitations of scale to overcome.

What is Tron, and how does it fit in with Web 3.0?

Tron in a public permissionless layer-1 protocol that is competing with Ethereum and others in the space for market share. The project offers smart contract functionality and has managed to build up a huge community of developers under the leadership of founder, Justin Sun.

It uses its native token, TRX, to validate transactions and so also offers investors the ability to stake their tokens to help secure the network while earning a passive income in exchange.

Why you should buy Tron?

Tron has been around for many years now and its trading volume has shown that it has staying power. With a focus on the growing media and entertainment side of crypto, more and more projects are quietly working away on the Tron network, and this could produce a step change in transaction volumes over the coming years.

What are the risks of investing in Tron?

Tron has been accused of lacking decentralization found in other projects, with some 50% of Tron nodes rumored to be under the control of the project. This means that it is less likely that Tron will be able to pick up enterprise use cases in the future, due to the concerns about the control of the network.

Internet users will have seen a huge change in the internet experience over the years, and the steady improvement in user experience is captured by the web terminology. Heres more on the evolution the web has been through:

Web 1.0

Web 1.0 was the structure of the internet in the early days. Back then, web pages were simple and static, with limited interactivity and user engagement. Web1 was primarily used for information and even had different networks competing networks at the earliest stages. This all meant that users could mostly only consume information rather than being able to interact with it or other users.

Web 2.0

Web 2.0 emerged in the mid-2000s and refers to the modern internet used today. It is characterized by more interactive and user-centered experiences, with social networking sites, e-commerce platforms, and streaming services all being born out of the Web 2.0 movement. Web2 enabled users to contribute content, collaborate, and interact with each other, leading to a much more connected experience of the internet for users. Web 2.0 has led to an internet with more user generated content.

Web 3.0

Sometimes called the semantic web, Web 3.0 refers to the next generation of the internet, a digital world where information and applications are decentralized meaning they are not controlled by any single entity or organization.

In Web 3.0, the internet is built on decentralized technologies like blockchain, and this allows for more secure, private, and trustless interactions between users. This is achieved through the use of smart contracts, decentralized applications (dApps), and other decentralized technologies.

One of the key features of Web3 is its focus on user control and ownership of data. Unlike in the traditional world wide web, where data is often controlled by large tech companies, Web3 aims to give users more control over their data and privacy.

Read the original here:

12 Top Web 3.0 Crypto Coins To Invest In Now for 2023 | Bitcoinist.com - Bitcoinist

This article explores the arbitrability of blockchain, cryptocurrency, NFT and metaverse disputes and considers the issue of what arbitration and its supporting ecosystem must do, in order to remain an effective forum for the resolution of such disputes.

What are blockchain, cryptocurrency, NFT and metaverse disputes?

For the sake of simplicity, we shall refer to all such disputes within this article as, Web3 disputes. Web3 disputes are disputes which are connected with the rapidly-growing range of decentralised technologies which utilise blockchain and smart contracts to record transactions, and to automate particular functions. These technologies include those powering cryptocurrencies and non-fungible tokens (NFTs), the records of transfer of which are stored on blockchains and are publicly viewable. Web3 disputes may also encompass disputes connected with the metaverse, a virtual-reality (VR) world, accessible through VR headsets, within which participants may engage with each other and interact in a computer-generated environment.

Disputes in the Web3 space may arise in a multitude of different ways and may fall within a number of categories of law (or within multiple categories). There may, for example, be disputes arising from criminal acts, such as hacks or exploits, or the theft or unauthorised movement of cryptocurrencies or NFTs. There may be tortious actions which give rise to liabilities and claims, either within or outside of the context of contractual relationships. Alternatively, disputes pertaining to Web3 may fall within the category of regulatory disputes, such as issues falling within the remit of the Securities and Exchange Commission or the Commodity Futures Trading Commission in the U.S., or within the regulatory scope of the Monetary Authority of Singapore the question of whether particular cryptocurrencies are securities, for example.

However, at the heart of a tremendous number of Web3 disputes lies private law. In most cases, given the internet-based global nature of Web3, this means private international law. While the above description of Web3 sounds and is - incredibly tech-driven, what is not always immediately apparent is that there is a raft of considerably more traditional legal contractual relationships and structures at play behind a significant amount of this technology. Those legal relationships are formed of bilateral and multilateral private contracts, most commonly written in plain language (as opposed to code), and which refer disputes between their various participants to a range of traditional forums for dispute resolution, pursuant to their chosen governing laws. It is those contracts, and the disputes which arise thereunder, which form the primary focus of this article.

How do Web3 disputes arise?

Web3 disputes may arise in a vast number of different ways the majority of which have most likely not even been contemplated yet, such is the rapid pace at which the relevant technology is developing.

Taking a few examples which have already occurred, we have seen examples of each of the following:

Are Web3 disputes arbitrable?

By and large, Web3 disputes are not only arbitrable but in many cases, arbitration would be the most suitable forum for their resolution.

The reasons for this being so are in many cases down to the very same set of fundamental reasons why arbitration is so popular as a dispute resolution forum in international contracts generally. In brief summary, such reasons include:

There already exist a very significant range of Web3-related contractual relationships which incorporate traditional arbitration agreements, and which refer disputes to arbitration under a variety of institutional rules. Some examples of such contractual relationships are set out below:

What are the limits to the arbitrability of Web3 disputes?

There are, however, limits to the use of arbitration as a dispute resolution tool in the Web3 space. We discuss a number of the relevant issues below.

These limitations give rise to the need to consider a range of factors when determining whether to refer Web3 disputes to arbitration.

How may these limits to arbitrability be mitigated?

While arbitration may be an excellent forum for the resolution of many Web3 disputes, the adoption of arbitration must still be carefully considered by the parties at the contracting stage, to ensure its suitability for the particular circumstances. The current limits of, or impediments to, the arbitrability of Web3 disputes are broad-ranging and for this reason, it is necessary to give specific consideration to the question of whether an arbitration agreement is suitable in each instance, as well as to the choice of institutional rules, and the seat of the arbitration.

How can arbitration remain the forum of choice for Web3 disputes?

There will be constant developments in the Web3 space over the coming years, both in terms of technological and legal advances. It will be critical for arbitration, and the national laws and international conventions which underpin it, to continue to adapt, in order to embrace technology as it develops and to remain relevant to, and suitable for, the resolution of Web3 disputes.

Adapting to developing technology may involve pushing the existing boundaries of international arbitration, and the fundamental norms which we associate with it. For example, could parties mutual contractual agreement as to what constitutes due process, and their submission to directly enforceable decentralised on-chain arbitration, be capable of recognition and enforcement without challenge? Could parties in the Web3 space freely agree at the contracting stage that ex parte applications for interim reliefs shall be permissible, in the context of arbitration? May we see arbitration commenced by or against pseudonymous persons who wish to retain entire anonymity, even within the confidential confines of arbitration, or against persons unknown, in the manner which court action in certain jurisdictions may be? Could we potentially see the development of Web3-specific arbitration rules within a particular metaverse, and agree to seat our arbitrations there, in an effective private bubble, removed from the complexities of conflicts of often outdated national laws, and the vagaries of public policy?

While some of these concepts may seem far-fetched and outlandish, as both technology and law continue to develop, we may see issues of this nature being considered in all seriousness in years to come. The resolution of some of these legal issues may indeed bring greater confidence to the development of Web3 projects, and ultimately aid the adoption of the underlying technology, which presently suffers from a significant degree of legal uncertainty in many jurisdictions. The resolution of issues of this nature will be necessary, in order for arbitration to remain the most relevant and effective court of First World problems.

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The arbitrability of Web3 disputes: An effective court of First World ... - Lexology

To understand how the Travel and Hospitality industry can benefit from blockchain, it is appropriate to focus on two fundamental points: immutability of the data written on the distributed ledger and programmability of the data itself. On a blockchain, the dispersion of the ledger is such as to guarantee to everybody, and in a transparent manner, the possibility of verifying the validity of a transaction from its origins and to ensure that once it has been approved in a blockchain, it can no longer be disallowed.

By 'transaction' I mean a complex concept that joins both the data (i.e., the information) and the rules that manage it; we call this conceptual set 'Smart Contract'. A Smart Contract is - thus - the 'translation' into computer code of a contract, which allows for the automatic verification of the occurrence of certain conditions and the automatic execution of actions when the conditions determined between the parties are reached and ascertained.

Disintermediation and decentralisation, together with the immutability of the data written on the distributed ledger and the distributed computational capacity, can thus benefit the Travel and Hospitality Industries in terms of, for example: efficiency in the management of supply chains, optimisation of processes (especially the more repetitive ones) to the benefit of the traveller, and the lowering of barriers to entry for small realities and operators who can promote valuable initiatives linked to their territories (e.g. wine, food, wine and culture initiatives).

The possibility offered by blockchain to support the creation and management of NFTs is a further opportunity for the travel and hospitality sector.

An NFT is a digital token that allows whoever owns it to claim the availability of an asset (tangible or intangible), while also being able to exploit the rights associated with it or related to it. To give a very simple example, let us think of a digital voucher that allows access to a particular site, or to take advantage of a preferential route, to unlock an experience and witness its authenticity. Despite being digital, our token is immune to the risk of replication, and thus cannot be cloned, thanks to the very blockchain on which it was minted or exchanged.

With NFTs, therefore, travel coupons can be tokenized, by giving them an outlet in secondary markets, characterised by the traveller's particular needs (last minute, last chance, best-fit-opportunity, ...). In addition (and here I raise my eyes a little, suggesting the exercise of 'lateral' thinking), the use of NFT can be extremely functional in supporting experiential tourism, enabling a sharing of the story of the journey, the places visited and the relationships with destinations and territories that can be put to value. The "tokenization of emotions" (to use a term I coined and explained in my last book "All about NFTs", Hoepli pubblisher), makes it possible to represent an authentic value, in a reputational key, that can be "spent", for example, for story-telling at the return of the trip or after the experience, to the benefit of the destination, the operator and the tourist.

Finally, NFT and blockchain can also find an important use in business travel by streamlining certain processes. I am thinking of the benefits that companies and employees could have in the booking and reporting of expenses, in compliance with company policies: notarisation of expenses/travel contracts, smart contracts for control and compliance with rules, the advantage offered to corporate payments where fungible tokens are used - a sort of branded currency that can be spent on the basis of established rules -, which are controlled at the very moment the expenditure takes place).

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Revolutionizing the Travel and Hospitality Industry with Blockchain ... - Hospitality Net

Blockchain technology has been heralded as the future of the digital landscape, with its potential to transform industries and create new business models. Essentially, blockchain is a decentralized ledger that records transactions in a secure and transparent manner. By providing a reliable and tamper-proof way of transferring value without the need for intermediaries, blockchain ensures value.

In the context of blockchain, value can be defined as anything that is considered to have worth, whether it be monetary or non-monetary. The transparency and immutability of blockchain records ensure that the value transferred between parties is accurately reflected and cannot be manipulated.

One of the most important features of blockchain technology is its ability to create immutable records and provide transparency. Unlike traditional centralized systems, where a single entity has control over the database and can modify or delete records, blockchain is decentralized, which means that every participant has a copy of the ledger,and any changes must be agreed upon by the network.

This creates an immutable record of all transactions on the blockchain, which means that once a transaction is recorded, it cannot be altered or deleted. This feature ensures that the value transferred between parties is accurately reflected and cannot be manipulated, providing a high degree of security and trust in the transaction.

Moreover, blockchain transactions are transparent, which means that they are visible to all participants in the network. This allows for greater accountability and reduces the risk of fraud or corruption. In addition, transparency enables participants to track the history of a particular asset or transaction, making it easier to detect any irregularities or discrepancies.

The transparency of blockchain transactions also makes it easier to comply with regulations and avoid legal disputes. For example, in the financial sector, regulators can use blockchain to monitor transactions in real-time and detect any suspicious activity. This not only helps to prevent financial crimes such as money laundering but also ensures that businesses can operate within the legal framework.

In addition, transparency is essential for building trust between parties. By providing a clear and visible record of transactions, blockchain technology can create a high degree of trust between participants, even if they do not know each other personally. This has the potential to unlock new forms of economic activity, such as peer-to-peer lending and crowdfunding, where trust is essential but difficult to establish without intermediaries.

Another way that blockchain ensures value is through the use of smart contracts. A smart contract is a self-executing contract with the terms of the agreement between buyer and seller being directly written into lines of code. This allows for the automation of complex transactions and eliminates the need for intermediaries such as lawyers or brokers.

Smart contracts operate on the blockchain and are executed automatically once the conditions of the contract are met. For example, in a real estate transaction, the smart contract can automatically transfer ownership of the property to the buyer once the payment has been received. This eliminates the need for intermediaries, reduces the time and costs involved in the transaction, and ensures that the transaction is executed correctly.

Moreover, smart contracts can be programmed to include conditions that are automatically enforced. For example, in an insurance contract, the smart contract can be programmed to automatically release the payout if certain conditions are met, such as proof of loss. This eliminates the need for manual verification and reduces the risk of fraud.

Smart contracts also provide a high degree of transparency, as all participants in the network can see the terms of the contract and the execution of the transaction. This helps to build trust between parties and reduces the risk of disputes or legal challenges.

Furthermore, smart contracts have the potential to enable new forms of economic activity, such as the creation of decentralized autonomous organizations (DAOs). A DAO is a type of organization that is run by a set of smart contracts on the blockchain. It allows for the decentralized management of assets and decision-making processes, enabling greater transparency and accountability.

Tokenization is another way that blockchain technology ensures value. Tokenization involves converting assets into digital tokens that can be traded on the blockchain, representing ownership of the underlying asset and enabling the transfer of ownership without intermediaries.

Tokenization has the potential to revolutionize traditional asset classes, such as real estate, art, and securities, by making them more accessible and liquid. In the real estate industry, tokenization enables fractional ownership of properties, allowing investors to buy and sell shares of property without purchasing the entire property. This can lower the barrier to entry for real estate investment and increase liquidity in the market.

Tokenization can also provide greater transparency and security in the ownership and transfer of assets. By recording ownership of assets on the blockchain, tokenization reduces the risk of fraud or disputes and enables a more efficient transfer of ownership.

Moreover, tokenization can create new forms of economic activity, such as the creation of new digital assets that can be traded on the blockchain. Tokens can be used as in-game currency in the gaming industry, enabling players to buy and sell virtual assets. Tokenization can also enable new forms of crowdfunding and investment, allowing businesses to raise capital from a global pool of investors without intermediaries.

However, tokenization poses challenges in the areas of regulation and governance. As the market for tokenized assets grows, regulators are grappling with how to ensure investor protection and prevent fraud. Additionally, the governance of decentralized systems can be complex, as there may not be a clear decision-making structure or legal framework.

Decentralization is another key feature of blockchain technology that ensures value. Decentralization means that the control and decision-making of the network are distributed among all participants, rather than being controlled by a single entity. This creates a more democratic and transparent system that is resistant to censorship and manipulation.

Decentralization is a powerful feature of blockchain technology because it eliminates the need for intermediaries and enables direct peer-to-peer transactions. This reduces the costs and time involved in transactions and creates a more efficient and transparent system.

Decentralization also enables greater security and resilience in the network. Traditional centralized systems are vulnerable to cyber attacks, as a single point of failure can compromise the entire system. However, in a decentralized system, the network is distributed across many nodes, making it much more difficult to attack or compromise the entire network.

Decentralization enables greater innovation and experimentation in the network. Because the network is open and transparent, anyone can participate and contribute to the development of the network. This can lead to the creation of new applications and use cases that were not previously possible.

Decentralization has the potential to transform many industries, from finance to healthcare to governance. In finance, decentralized systems can enable greater financial inclusion and lower the costs of financial services. In healthcare, decentralized systems can enable greater data privacy and security. In governance, decentralized systems can enable more democratic decision-making and reduce corruption.

Regardless, decentralization also poses some challenges, particularly in the areas of scalability and interoperability. As the network grows, it can become more difficult to manage and coordinate. Different blockchain networks may not be able to communicate with each other, creating fragmentation and limiting the potential of blockchain technology.

Blockchain technology ensures value through a variety of powerful features, including immutability, transparency, smart contracts, tokenization, decentralization, and interoperability. These features enable greater efficiency, security, and innovation in a wide range of industries, from finance to healthcare to governance. The potential of blockchain technology to transform industries and create new forms of economic activity is significant, and its continued development and evolution will undoubtedly shape the future of the global economy.

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How Can Blockchain Ensure Value With Immutable Records and ... - Cryptopolitan

What separates Aave from traditional lending and borrowing is that all aspects of Aaves operations are dictated by code. In its most basic application, Aave offers a first principles approach to increasing the productivity of digital assets. Aave connects users seeking a source of passive income or yield from their digital asset holdings with those seeking accessible and affordable liquidity.

Smart contracts govern the platforms operations, including making funds readily available to borrow, determining interest rates, and maintaining and liquidating collateral when necessary. By removing intermediaries from the process, lending and borrowing can become highly cost-effective, credit risk-minimized, and globally accessible.

Aave dates to 2017, when it was called ETHLend and when DeFi was largely conceptual. Developed by Stani Kulechov and his team, ETHLend introduced basic rules-based lending and borrowing systems governed by smart contracts. The protocol connected users on the Ethereum network and allowed them to issue and take loans of ETH against one another. Its native asset, LEND, raised $16.2 million in an initial coin offering (ICO).1

ETHLend transitioned to Aave in January 2020, and users were able to swap LEND for the AAVE token on a 100:1 basis. The first version of the Aave protocol changed how users lend and borrow in DeFi, shifting from direct loans between lenders and borrowers to a pool-based strategy.2 Aaves pools are smart contracts containing loaned assets which borrowers can draw from by putting up collateral and paying interest.

Lending in Aave is as simple as depositing one of the 30+ supported assets into a liquidity pool. In exchange, depositors receive aTokens which represent a pro-rata share of the pools deposited liquidity and which serve as a receipt for lenders claims to their principal and any accrued interest. For example, a lender depositing ETH to a pool will receive aETH in return.3 aTokens increase in value proportionately to the interest accrued by the pool. To redeem loaned assets and the accrued interest from the pool, lenders burn their aTokens and receive the corresponding amount of value in return. The process can be thought of in a similar manner to cashing a check at the bank. A check represents a claim to some amount of value. When a check is cashed, funds are transferred and the check no longer represents a valid claim.

Users can borrow funds from liquidity pools in exchange for an interest rate when they deposit collateral. The amount of collateral required is pool-dependent, but it must always exceed the value of the assets borrowed. Only specific low-risk digital assets such as stablecoins, BTC, and ETH are accepted as collateral. Aave offers maximum flexibility for loan repayment, allowing users to fully or partially repay loans at any time.

In traditional lending and borrowing, an inherent risk is that borrowers may not be able to pay back their loans, leading to bad debt. While credit risk still exists in Aave, bad debt is managed by the platforms proprietary algorithm which liquidates collateral at pre-defined debt-to-collateral ratios.4

Interest rates are specific to each liquidity pool and are dependent on the amount of funds available at a given time. The algorithm governing interest rates sets low rates when a pools liquidity reserves are plentiful in order to encourage borrowing activity. Conversely, interest rates are raised when a pools reserves fall.

Lenders accrue the majority of the interest paid by borrowers. The remaining interest earned is used to secure the protocol. In 2022, lenders accrued $169m in fees or 89% of the total interest, while users securing the protocol received $21m, the remaining 11%.5

Flash Loans: Borrowing Without Pledging Collateral

Flash loans allow any user to access large uncollateralized loans, but the borrowed assets must be returned plus a fee within a single transaction. The fee is 0.09% of the flash loan volume, which is a source of revenue for the Aave protocol.6

To execute a flash loan, a user requests the Aave protocol to transfer assets from a pool, or from multiple pools to a smart contract. The smart contract is usually purpose-built to carry out a specific task, such as a pure arbitrage strategy. After the specific transaction is executed, the smart contract returns the principal to the pool.

Once received, Aave audits the deposit to ensure the principal and loan fee have been repaid in full. Because this process happens within a single transaction, Aave is able to reverse the entirety of the transaction before any data is settled on the blockchain should any shortfall materialize.

Flash loans are complex and require technical knowledge and programming proficiency. However, they are a unique and powerful tool that level the financial playing field by enabling skilled users to profit from opportunities that are typically reserved for large financial institutions.

The AAVE token is a critical component of the protocols built-in insurance mechanism called the Safety Module (SM).7 The SM is a smart contract containing AAVE tokens that are staked by users in exchange for AAVE-denominated rewards. This reserve of tokens is used primarily as a liquidity backstop for loan pools in the rare occurrence of bad debt. While Aaves liquidation algorithm is highly effective at reducing bad debt, such scenarios may arise from thin liquidity for a particular token used as collateral, for example. Thin liquidity can lead to significant price slippage during the auto-liquidation process and can result in fewer funds returned to the pool than borrowed. In these scenarios, the SM can sell a portion of the AAVE tokens held in its smart contract on the open market in order to make the pool whole.

Users are incentivized to stake AAVE in the Safety Module. The rewards, called Safety Incentives, consist of AAVE tokens as well as the portion of accrued yield and fees not distributed to lenders. The clever design of the SM creates a positive feedback loop:

Aaves on-chain governance system allows token holders and stakers to participate in the platforms decision-making. Governance voting occurs at both the protocol and pool level, as every pool has independent parameters. AAVE holders can vote on:

Aaves focus on security, transparency, and ease of use has helped it attract a large and growing user base. The protocols upgrades demonstrate a commitment to continuous improvement and innovation. In January 2023, Aave governance unanimously approved the V3 version of the protocol to go live on Ethereum. V3 unlocks new technical features and benefits including capital efficiency, collateral options, and gas optimization improvements.8

In July 2022, Aave users also approved a proposal to launch GHO, a U.S. dollar-pegged stablecoin. Users will be able to mint the stablecoin by depositing an excess amount of accepted cryptocurrencies into a smart contract in a process similar to an overcollateralized loan. With GHOs potential to attract more liquidity providers to the protocol, the AAVE token could benefit from increased adoption and protocol fees.

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Aave: The Basics Global X ETFs - Global X

To encourage ecosystem growth, developers will have access to a permissionless solution that will allow them to build their own Layer 3 blockchains in the Arbitrum ecosystem

NEW YORK, March 16, 2023 /PRNewswire/ --The Arbitrum Foundation, announced today the launch of Arbitrum Orbit, a permissionless solution for any developer to build a Layer 3 (L3) blockchain using Arbitrum technology. Arbitrum Orbit will give developers access to the full suite of Arbitrum's market-leading technology and allow them to customize it to their needs.

Arbitrum Foundation (PRNewsfoto/Arbitrum Foundation)

Arbitrum is the leading Ethereum scaling technology and the only EVM scaling solution that has fully working proofs, a critical piece of technology that allows the Arbitrum chains to derive their security from Ethereum. With the announcement of Arbitrum Orbit, developers can now easily launch their own permissionless Layer 3 blockchain leveraging Arbitrum's best-in-class technology and Ethereum's security.

Arbitrum Orbit is designed to strengthen and grow the Arbitrum ecosystem by providing a clear and simple path for not only developing new Arbitrum applications but also launching new Arbitrum chains. Developers building L3s on top of an existing Arbitrum chain are granted a free and perpetual license that also allows them to customize and modify the Arbitrum source code as they see fit. The Arbitrum DAO will have the ability to grant even more permissive licenses ensuring that the community is in full control over the future of Arbitrum and its technology.

Besides attracting new developers into the Arbitrum ecosystem, this initiative also pushes for innovation within the community, encouraging a wider variety of chains to be built with technology that's proven to have the security level of Ethereum. Arbitrum Orbit L3 chains will support the upcoming release of Arbitrum Stylus, which will allow developers to use the C, C++, and Rust programming languages for their chains, in addition to Solidity and other EVM languages.

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Steven Goldfeder, CEO and co-founder of Offchain Labs, commented on today's news: "The launch of Arbitrum Orbit marks another step in the goal of growth through ecosystem expansion by way of onboarding new developers. Arbitrum is already the technology stack of choice for Ethereum smart contract developers, but with today's announcement, developers now have another tool allowing them to not only build their own smart contracts, but to also launch their own L3 chains leveraging the best technology available. I'm excited to see the next wave of innovation that Arbitrum Orbit will enable."

Arbitrum is the leading Layer 2 (L2) scaling solution for Ethereum, and the Arbitrum One and Arbiturm Nova blockchains boast the highest Total Value Locked (TVL) across all L2 networks with approximately $3.61B, 55% market share across all rollups, and the Arbitrum One network recently surpassed Ethereum daily transactions on two occasions.

About The Arbitrum FoundationThe Arbitrum Foundation has a mission to help support and grow the Arbitrum network and its community while remaining at the forefront of blockchain adoption. The Foundation oversees the $ARB token and governance structure as well as the Arbitrum Security Council, a 12-member multisig of well regarded community members designed to ensure the security of the chains.

Media contact: Dillon Arace, arbitrumpr@mgroupsc.com

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SOURCE Arbitrum Foundation

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The Arbitrum Foundation Announces Launch of Arbitrum Orbit: Layer 3 Chains for All - Yahoo Finance

Seoul, South Korea, 15th March, 2023, Chainwire

Wemade Co., Ltd (KOSDAQ:112040), one of the largest publicly-listed gaming companies in South Korea with a market capitalization of US$1.4 billion, has announced a strategic partnership with Space and Time (SxT), a leader in decentralized data warehousing. The partnership will allow Wemade to power its blockchain and gaming services with Space and Times decentralized suite of developer tools.

Today, Wemade services more than 20 different play-to-earn (P2E) games across all genres, including MIR M and the worlds no. 1 blockchain game MIR4, on its global open blockchain gaming platform WEMIX PLAY. This is part of the mega-ecosystem that its blockchain developer subsidiary, WEMIX is building which encompasses its own mainnet, WEMIX 3.0; an extensive range of services like NFTs and DeFi; and WEMIX coin the bridge that connects all of the components of the mega-ecosystem. WEMIX has also announced plans to launch an Ethereum layer-2 utilizing zero knowledge proof (ZKP) protocols that will improve scalability while still ensuring users privacy and security. Space and Time and Wemade are planning to closely collaborate in the future with next-generation decentralized infrastructure for more robust and scalable GameFi development.

We believe that blockchain is the future of gaming, offering gamers greater ownership and control over their digital assets, said WEMIX CEO Shane Kim. As the blockchain transformation of traditional games continues to grow, the partnership with Space and Time will help strengthen our blockchain infrastructure capabilities and contribute to our commitment to building an inter-game economy.

Space and Time packages a full suite of developer tools in a single decentralized deployment. The platform provides developers with real-time, tamperproof indexed blockchain data, a hybrid transactional and analytic (HTAP) data warehouse, and a serverless API gateway for simplified building of fully decentralized applications and faster dApp time-to-market.

Queries run in the Space and Time data warehouse are verifiably tamperproof. Space and Times novel cryptography, Proof of SQL, allows smart contracts to run tamperproof queries directly, opening up a wealth of powerful use cases built on blockchain technology and a fully decentralized stack.

Game developers building on Space and Time can join real-time blockchain data with off-chain game-generated data in a single query and connect the results back to smart contracts on-chain. Space and Time will enable Wemade to facilitate more complex earning schemes for its P2E games, run tamperproof analytics against game activity, and reduce on-chain storage costs by connecting a scalable decentralized data warehouse to the blockchain-based platform.

Were thrilled to partner with one of the biggest and most respected gaming companies in the world, said Nate Holiday, CEO and Co-Founder of Space and Time. Space and Time is committed to advancing the blockchain gaming industry with essential next-generation infrastructure and developer tools. This partnership is a huge step forward for the Web3 gaming industry. Together, Wemade and Space and Time are building a new blockchain gaming ecosystem to onboard the next wave of game developers.

Wemade is known for its blockbuster title The Legend of Mir 2, which is one of the most successful RPG titles in the history of Chinese gaming. Within years of its 2002 launch in China, The Legend of Mir 2 dominated the Chinese gaming market with a 64% market share.

In addition to its Web3 GameFi initiatives, the Wemade platform also supports DEXs, NFT marketplaces, and more on its L1 mainnet. Wemade remains committed to actively expanding its blockchain ecosystem beyond GameFi. By partnering with Space and Time, Wemade will provide more secure and decentralized services to developers building GameFi, DeFi, and other Web3 applications.

Wemade is a pioneering game developer from Korea, with a focus that shifts towards metaverse and blockchain (NFT, DeFi) technology, emphasizing personalized gaming experiences. Wemade strives to transform everyday games with blockchain technology and establish its WEMIX coin as a key currency in the gaming industry. Wemade aims to become a mega-ecosystem by launching its own mainnet, WEMIX 3.0, introducing its own currency, $WEMIX, and offering a wide range of services and platforms that embrace DeFi and NFT, etc.

For more information, visit: https://www.wemade.com/

For media inquiries, please contact: Kevin Foo, Head of PR, [emailprotected]

WEMIX Pte. Ltd aims to accelerate the mass adoption of blockchain technology by building an experience-based, platform-driven, and service-oriented mega-ecosystem to offer a wide spectrum of intuitive, convenient, and easy-to-use Web3 services. Headquartered in Singapore, WEMIX is a subsidiary of Wemade, the developer and owner of The Legend of Mir IP, a highly successful game series with over 500 million users.

Space and Time is the first Web3-native decentralized data warehouse that joins tamperproof on-chain and off-chain data to deliver enterprise use cases to smart contracts. Space and Time has developed a novel cryptography called Proof of SQL that allows developers to connect analytics directly to smart contracts, opening up a wealth of powerful new use cases and business logic on blockchain technology. Space and Time is built from the ground up as a multichain data platform for Web3 developers in financial services, gaming, DeFi, or any project requiring next-gen analytics.

For more information, visit: Website | Twitter | Discord | Telegram | LinkedIn | YouTube

For media inquiries, please contact: Spencer Reeves, [emailprotected]

Kevin Foo[emailprotected]

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Wemade announces Partnership with Space and Time to Power ... - The Defiant - DeFi News

A Fad or the Future: The end game of cryptocurrencies hinges on various factors, including adoption, regulation, and technological advancements.

The rise of cryptocurrencies has led to various debates on their longevity and sustainability, with many people wondering where they will end up. However, the use of cryptocurrencies has not been without controversy.

Unlike traditional currencies that are regulated by central banks, cryptocurrencies operate on a decentralized network, making them difficult to regulate. This lack of regulation has led to cases of fraud and hacking, resulting in the loss of millions of dollars.

Despite the concerns surrounding cryptocurrencies, they continue to gain popularity, with some people predicting that they will eventually replace traditional currencies. However, this prediction is not without opposition, with some experts arguing that cryptocurrencies are just a fad and will eventually lose their value.

So, where does it end for cryptocurrencies? The truth is, nobody knows for sure. The future of cryptocurrencies will depend on various factors, including their adoption, regulation, and technological advancements.

As more businesses and individuals adopt cryptocurrencies, we are likely to see increased regulation to prevent fraud and protect investors. We may also see the emergence of new cryptocurrencies with improved features and enhanced security measures.

The concept behind cryptocurrency is to create a decentralized system that enables users to transact on xbt360ai without the need for intermediaries. As a result, the adoption of cryptocurrency has surged, and many people are now curious about what stems from crypto technology.

The impact of cryptocurrency technology has been far-reaching, and it has spawned a wide range of applications. Here are some of the things that stem from crypto technology.

NFTs are built on the blockchain, and they enable users to own digital assets that are verified and authenticated. NFTs have gained popularity in recent years, and they have been used to sell digital art, music, and other forms of digital content.

Smart contracts are programmable, and they enable users to automate the execution of contracts without the need for intermediaries. Smart contracts are transparent and secure, and they ensure that all parties involved in a transaction comply with the terms of the contract. They have the potential to revolutionize the legal industry by automating contract execution and reducing the need for lawyers.

Crypto mining involves using computational power to solve complex mathematical problems, and in return, miners are rewarded with new cryptocurrency coins. Crypto mining has become a lucrative business, and many people are now investing in mining equipment to earn cryptocurrency coins.

From DeFi to NFTs, smart contracts, and crypto mining, the impact of cryptocurrency technology is undeniable. As the adoption of cryptocurrency continues to grow, we can expect to see more innovative applications of the technology in the future.

There are still some people who question the stability and sustainability of this digital currency, and whether there is a possibility of a downfall.

The volatility of cryptocurrency has decreased over time, and it is expected to stabilize as the market matures. However, we have seen in the past that several cryptocurrencies have been prey to vitality. Despite that, users are willing to invest in it as they see a profitable future in it.

The regulatory landscape surrounding cryptocurrency is still evolving, and this creates uncertainty for investors and businesses. This regulatory uncertainty can affect the growth and adoption of cryptocurrency, but it is also an opportunity for governments to create a clear and supportive regulatory framework.

There have been cases of hacking and theft of cryptocurrency, which have led to losses for investors. These security risks can erode the trust in cryptocurrency, but there are efforts to improve the security of the blockchain.

The adoption of cryptocurrency is still in its early stages, and this creates a challenge for its growth and sustainability. While there has been significant adoption in some countries, others are still sceptical about its use. The adoption of cryptocurrency is dependent on various factors such as infrastructure, education, and awareness. As these factors improve, the adoption of cryptocurrency is expected to increase.

Overall, while there are challenges to the growth and sustainability of cryptocurrency, the chances of its downfall are not high. The volatility of cryptocurrency is decreasing, regulatory frameworks are improving, security is being enhanced, and adoption is increasing.

The cryptocurrency market is known for its turbulence, and prices can rise or fall rapidly based on various factors such as market demand, regulation, investor sentiment, and global events. However, predicting the exact timing and extent of a cryptocurrency's downfall is difficult, and many experts have varying opinions on the future of cryptocurrencies.

One unique fact about the crypto downfall is that the decentralized nature of cryptocurrencies makes it challenging for governments and regulators to intervene and stabilize the market during a crash, unlike traditional financial systems where authorities can implement measures. This includes interest rate adjustments and monetary policy to influence the economy.

Moreover, the anonymity of cryptocurrency transactions makes it challenging for law enforcement agencies to investigate fraudulent activities, which may exacerbate the downfall.

In conclusion, the ending point of cryptocurrencies remains uncertain. However, their impact on the financial sector cannot be ignored. While there are concerns surrounding their volatility and lack of regulation, cryptocurrencies continue to gain popularity and acceptance, and their future remains promising. As the world continues to evolve, so will cryptocurrencies, and it will be interesting to see where they end up.

Despite the concerns of traditional currencies, cryptocurrencies continue to gain popularity, with some predicting they will eventually replace traditional currencies. The future of cryptocurrencies will depend on their adoption, regulation, and technological advancements, as well as the emergence of new cryptocurrencies with improved features and enhanced security measures.

The adoption of cryptocurrency is still in its early stages, and this creates a challenge for its growth and sustainability. The cryptocurrency market is known for its turbulence and prices can rise or fall rapidly due to market demand, regulation, investor sentiment, and global events.

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The Ending Point Of Crypto: Where Does It End? - BSC NEWS