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Showing posts with the label web3

Solana Labs launches Web3 incubator offering dev and fundraising support

Applications will be accepted for consideration until November 30. Solana Labs unveiled an all-new incubator program for project development on the Solana blockchain on Oct. 26.  Title simply “Solana Incubator,” the program will offer fundraising , development, networking, and marketing support for web and blockchain projects seeking to build on Solana’s platform. Building a web3 startup on the Solana network? ️ Today, @SolanaLabs introduces their Solana Incubator, so you can get hands on technical, go-to-market, and funding support! Learn more and apply https://t.co/W10WnEgDwQ — Solana (@solana) October 26, 2023 The Solana Incubator will accept applications through Nov. 30. Those accepted will purportedly receive support from the Solana Labs team and its partners throughout the development, marketing, and launch phases of their projects. According to Emon Motamedi, Product Manager at Solana Labs: “Our priority with the Incubator program is to remove the biggest obstacles current...

NvirWorld, ICP sign MOU for launching web3 gaming launchpad

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On Oct. 13, NvirWorld partnered with the Internet Computer Protocol (ICP) to activate the web3 ecosystem. The Memorandum of Understanding (MOU) between the two companies will see NvirWorld integrate the ICP network into its web3 game ecosystem and expand it. As part of the agreement, NvirWorld will operate a web3 gaming launchpad on the Nvir Web3.0 Studio (NWS) platform it has developed. ICP is the mainnet launch ed in May 2021 by the Swiss non-profit organization DFINITY Foundation after a 5-year development period. The DFINITY Foundation comprises over 300 distinguished experts in the blockchain industry, including engineers, mathematicians, cryptographers, distributed computing specialists, and programming language developers. They hold over 100,000 academic citations and more than 200 patents. NvirWorld has an official contract with ICP. A representative from NvirWorld mentioned “web3 games” as a blockchain trend for 2024, stating, “We are doing our best...

How AI is changing crypto: Hype vs. reality

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In the latest Cointelegraph Report, we assessed the value AI is bringing to the crypto industry, by separating the hype from real use cases. In the latest Cointelegraph Report, we sought to find out the real value AI brings to the crypto industry beyond the hype surrounding the technology. To do so, we looked into three main areas where AI is impacting crypto : trading, data analytics, and user experience.  For many years, trading bots have allowed users to execute trades in an automated way based on certain pre-set parameters.  With the recent development of Large Language Models such as ChatGPT, AI-powered bots are capable of processing large amounts of historical data, which can be helpful in predicting future price movements.  However, despite the latest advancements, AI-powered bots are still not sophisticated enough to elaborate complex trading strategies. “It's basically like having a bunch of dumb partners who can, who can adhere to very basic commands, but they can'...

Digital Fortress, Part 2: How to securely interact with Web3 websites?

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Tips and tricks that help protect users from the perils of phishing scams that take place in the Web3 space. What are the main dangers and threats when interacting with websites in Web3?Why is bookmarking trusted websites in your browser critical for Web3 security?What are the risks of connecting your wallet to a website?How do hackers exploit seed phrases, and why is it critical to leave them confidential?What are the risks of signing messages on unfamiliar websites?How to minimize risks when interacting with Web3 websites? What are the main dangers and threats when interacting with websites in Web3? Although good-willed people try to flourish in the crypto economy, the crypto space is not completely free from malicious actors. Here are a few of the threats lurking in the shadows of the blockchain world: Phishing scams: The attacker sends mass emails or messages as the first step of a phishing attack. These emails or messages look like they are from a legitimate source, such as a wal...

Gala’s NFT mystery boxes: Where gaming fun meets blockchain innovation

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First-gen blockchain games prioritized crypto-earning over gameplay, leading to an unsustainable growth model. Now, a Web3 gaming platform is about to change that. Many first-generation blockchain games were more concerned with crypto-earning than providing a great gaming experience. In contrast, Gala Games, a blockchain gaming platform with a proven history in the Web3 space, prioritizes fun and aims to address concerns about GameFi adoption. Decentralized gaming, better known as GameFi, has been quickly identified as one of the clear use cases for blockchain technology that has yet to see mass adoption. However, while the benefits of GameFi, like greater control and offering tangible rewards, have been well marketed, most gaming is still done on a centralized platform. To put things in perspective, Fortune Business Insights estimates that the global gaming market size was valued at $249.55 billion in 2022 and will grow from $281.77 billion in 2023 to $665.77 billion by 2030. In ...

Account abstraction will reinvent fintech industry | Opinion

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Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Our traditional financial industry , despite its tenacity and resilience, is beginning to show its age. The challenges that plague this sector, including its highly centralized nature, exorbitant transaction costs, and inefficient settlement times, underscore the need for transformation. It is indeed a sturdy structure, but one crafted in an era far removed from today’s rapid technological advancements and evolving consumer demands.  Parallel to these traditional systems, web3 has emerged, promising an efficient, cost-effective, and decentralized alternative. It signifies a shift from internet monopolies to a user-centric internet, where users own their data and interact directly with each other. However, the journey of web3 isn’t without hurdles. Its complex usability, coupled with cybersecurity concerns, are significa...

If good UX is like driving auto, Web3 is ‘driving stick’ — UX designers

The high stakes of crypto applications mean developers often need to prioritize security — but that comes at the cost of poor user experience. The current state of Web3 user experience is akin to driving a manual transmission car — there’s more control, but most users will find it unnecessarily clunky, according to several UX design ers. Over the years, discussion around mainstream adoption of Web3 has centered around the need to improve crypto’s user experience and “ease of use.” However, in a July 12 Twitter post, Web3 UI/UX design er “0xDesigner” argued that certain properties of blockchain make it challenging to build easy-to-use Web2-like applications. Web2 vs Web3 UX I was asked by a reporter from a crypto publication about the disparity between web2 and web3 UX. It’s a meaningful line of questioning that isn't covered enough. So I’m going to share some half-baked thoughts in hopes that it triggers more discourse. Why is… — 0xDesigner (@0xDesigner) July 12, 2023 Acco...

5 tips for landing a tech job

Check out these five tips for landing a tech job, including building your skills, networking, customizing your resume and more. In today's tech industry, there is a high demand for professionals with expertise in fields such as artificial intelligence, data science, cybersecurity, and cloud computing. Companies are seeking individuals with a combination of technical and soft skills, including strong communication, problem-solving, and collaboration abilities. Here are five tips to land a tech job. Build a strong online presence In the tech industry, having a strong online presence is crucial. This includes having a well-crafted LinkedIn profile, a personal website or blog, and active engagement on relevant online communities and forums. Many companies now use online platforms like LinkedIn to search for potential job candidates. By having a strong online presence, you increase your chances of being discovered by potential employers who are actively searching for candidates with y...

Web3 creators at higher a loss for royalties than anticipated: data

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New data from research by eBit Labs and LiveArt marketplace reveals that the previous estimates of creator royalty losses, which were around $35 million, may be much higher. The nonfungible token (NFT) space has been a proven gateway for helping users take their first steps into the Web3 space. This is particularly true when it comes to artists and creators using Web3 tools to enhance their work.  However, new data from eBit Labs and LiveArt marketplace reveals that the loss of creator royalties over the past year in the NFT space could be higher than estimated. According to the data, after the emergence of the Blur marketplace in October 2022, two of the leading NFT collections - Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) - experienced shortcomings in royalties of around $20 million alone The new data involving BAYC and MAYC shortcomings then points to previous estimates of $35 million in royalty shortcomings likely being too small. Figure 1: Fees paid vs shortfall ...

Blockchain messaging is going to replace Telegram and Discord

Your crypto wallet will become your mailbox and offer functionalities that Web2 messaging platforms like Discord and Telegram can only dream about. A new era of messaging applications will soon cross the chasm of Web3 mass adoption. Web3 messaging applications will become an integral part of the Blockchain ecosystem, allowing users to communicate with each other and interact with decentralized applications (DApps) and the protocols themselves in a secure, direct, decentralized manner. This editorial will discuss the benefits and challenges of Web3 messaging applications and their impact on the future of communication. Web3 messaging protocols, such as the Extensible Message Transport Protocol (XMTP), are implemented on a decentralized communication network, using a peer-to-peer architecture to facilitate communication between verifiable identifiers like an Ethereum public address or an Ethereum Name Service domain. Unlike traditional messaging platforms such as Telegram or Discord...

How to host a decentralized website

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Explore decentralized web hosting and how it distributes data securely across a network of nodes. Decentralized websites rely on decentralized networks rather than centralized servers to preserve and verify the data’s integrity. Decentralized websites offer a more private, secure and censorship-resistant alternative to standard websites by utilizing peer-to-peer (P2P) networking, cryptography and blockchain. This article will explain how to host a decentralized website, and the benefits and challenges of decentralized hosting. What is decentralized web hosting? A web server distributes the website’s files to its clients in a standard network setup for hosting websites. This allows larger organizations or governments to decide what content is displayed, which takes away the freedom that the World Wide Web initially provided. This gave rise to decentralized web hosting — a new approach to hosting websites that stores website files on various nodes or computers instead of a single centra...

Is there a comprehensive solution to Web3 security concerns? - Q&A with W3A

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Find out the latest developments in the crypto security sector straight from the source. Security is one of the biggest concerns among crypto enthusiasts, and with good reason. Cryptocurrencies, being decentralized and digital, are susceptible to various forms of cyberattacks, and digital wallets that store these assets can be easily transferred and stolen without the possibility of recovery. This has led to an increase in scams and malicious schemes aimed at stealing users’ coins and tokens. In this interview, Alex Dulub, a seasoned expert in the blockchain industry and a member of the Forbes Technology Council shares his views on what should be done for the Web3 space to become more secure. He has extensive experience in the field and shares the motivations behind creating Web3 Antivirus, a browser extension that helps protect crypto users from web3-specific scams and malicious attacks. Q: Security is one of the main concerns on crypto enthusiasts’ lists. Why is that, and what are ...

Marathon Digital experiments with overclocking to increase competitive advantage

According to the company, it produced 475 BTC in December 2022, bringing its total mined Bitcoins in the fiscal year of 2022 to 4,144 BTC. One of the largest Bitcoin mining operations in North America, Marathon Digital Holdings, has shared in an update that it has been experimenting with overclocking to increase its competitive advantage in the Bitcoin mining industry. Overclocking is the practice of increasing the clock speed of a computer’s central processing unit (CPU) or graphics processing unit (GPU) beyond the manufacturer’s rated maximum speed, potentially leading to improved performance in certain tasks.  According to the company's press release, it produced 475 BTC in December 2022, bringing its total mined Bitcoins in the fiscal year of 2022 to 4,144 BTC, a 30% increase from 3,197 BTC which was produced in 2021.  Marathon’s Chairman and CEO, Fred Thiel commented on the company’s decision to experiment with overclocking , saying: “These efforts position us to develop our...