Autor Cointelegraph By Arnold Kirimi

The Internet of Beer: Robotics startup taps Bitcoin to deliver automated beverage

Pubinno, a San Francisco-based technology firm that creates the “Internet of Beer” with artificial intelligence, robotics and cloud computing platforms, has now integrated Bitcoin (BTC) payment infrastructure into its system.Pubinno accepted BTC payments using the Lightning network at the #LightningHackdaysIST held from Feb. 25 to 27. By using their Lightning Network-supporting wallets, participants could receive their own beer poured just seconds after completing the transaction by scanning a QR code.According to Pubinno’s Creative Director Volkan Dogan, the Smart Tap system was created in 2016 and employs blockchain technology to link the future of draft beer with the future of transactions. Cointelegraph had a chance to chat with Dogan about the smart tap system.Dogan explained how blockchain technology influenced his decision to utilize the Lightning Network for payments, stating that:”We worked on Lightning Network because it is dependent upon the underlying technology of blockchain. By using real Bitcoin/blockchain transactions and using its native smart-contract scripting language, it is possible to create a secure network of participants which are able to transact at high volume and high speed with low gas fees.”The Lightning Network was created in 2015 as a proposed solution to the Bitcoin scalability problem. It allows for off-chain transactions between nodes that are then settled on the blockchain. This allows for an increased number of transactions to be processed without increasing the load on the blockchain, allowing for microtransactions and instant payments.Related: Bitcoin Lightning Network growth capacity plateaus at 3,400 BTCAccording to Dogan, the “advantages of the Lightning network” allow bar owners to get paid in seconds with little or no commissions, and with the self-serve capability of the smart tap system, they may save a lot of money on labor costs.When asked whether they intend to include other cryptocurrencies on the smart tap system as payment, Dogan replied that it will be based on a number of variables such as scalability, frequency of use, transaction cost and speed. He added that:”We will determine our direction according to the adaptation of the industry and continue to develop our infrastructure on a blockchain adaptive basis. We also conduct feasibility studies on developing Pubinno tokens.”He said, “the world is in a deep-rooted digitization phase and the fastest development is shaped around blockchain.” Dogan referred to BTC as the first cryptocurrency that comes to mind, but he also stated that stablecoins would be integrated into the payment system in the future.

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$100M fund aims to support the growth of decentralized machine economy

IoTeX, a blockchain platform focused on the Internet of Things (IoT), has announced the launch of a $100 million sustainable ecosystem fund.The new fund will back over 1,000 decentralized machine economy startups developing use cases for connecting more than 10 million smart devices to the MachineFi portal within the next three years.The decentralized machine economy is a developing economy in which machines, rather than people, are the driving force behind economic growth. This new economy is powered by blockchain technology and artificial intelligence (AI), and it has the potential to create a more efficient, secure and sustainable way of doing business. MachineFi refers to a new paradigm based on Web3 that underpins the new machine economy. Machine resources and intelligence can be monetized to provide value and ownership to individuals rather than centralized corporations. Simply put, MachineFi may be described as the financialization of machines or, more precisely, internet-connected gadgets. MachineFi’s goal is to take the profits generated by device-financialization from big-tech and distribute them to actual users, which is precisely what web 3.0 is all about: altering the internet (and now devices) financial model from platform advertising to user ownership. IoTex’s Head of Investment and Ecosystem Jing Sun explained that the fund is designed as an ever-green vehicle that may support over 10,000 MachineFi-focused businesses in the next ten to 20 years, connecting tens of billions of devices to the IoTeX MachineFi portal.The IoTeX Foundation will examine all DApp developers thoroughly to ensure that they effectively enable machine financialization and, if successful, “they will receive all the support they need to be successful,” Sun explained.Related: IoTeX co-founder urges crypto investors to hodl amid market conditionsIn Nov. 2021, IoTeX rebranded to concentrate on “The rise of MachineFi” in order to integrate machines, the Metaverse, and the traditional workforce. MachineFi aims to tackle the confluence of smart gadgets, machinery, and finance through the use of blockchain technology and follows the era of DeFi and GameFi.

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NFTs liberate imagination: The gender gap that needs to be addressed

Nonfungible tokens (NFTs) have received a lot of media attention, but experts agree that their impact will go beyond selling digital artwork or tweets and alter how people communicate ideas forever.Despite its promise of shattering the mold, the worldwide NFT market is just as pale, male and old-fashioned as the conventional art industry. The most recent statistics indicate only 16% of NFT creators are women — a startling gender disparity that reflects the underrepresentation of women in today’s NFT ecosystem. According to a survey conducted by Art Tactic and published by Bloomberg, female artists accounted for only 5% of sales in the NFT market. In comparison, male artist creations made up 77% of sales (16% were unknown artists, and 2% were collectively created).However, specific NFT projects are attempting to overcome the issue. Rarible is one of them. Rarible has prioritized supporting female-led NFT projects. Cointelegraph spoke with industry experts Masha Vyazemskaya, the Head of Communications at Rarible, and Rebekah Keida, Chief Marketing Officer at XBTO, about the gender disparity in the NFT space.According to Vyazemskaya, the technology sector has always been a male-dominated one, which she believes “fosters a sense of intimidation for many women who want to enter the NFT space.” She adds:”As the industry continues to mature, it is important that we champion our female artists and innovators, promoting and encouraging their work and giving them greater opportunity to shape the future of the industry.”She describes the challenges faced by female creators when they first enter the NFT sector as based on “the broader technology industry.” According to her, “the traditional technology industry has historically always catered towards male ambitions and success, creating a misguided expectation that tech is primarily for men.”Awareness, according to Vyazemskaya, is a crucial first step in encouraging more women to get involved in the NFT industry. As she puts it, by championing successful female creators and women-led initiatives, we establish a precedent for future generations of innovators that the NFT sector is a “community for women.”According to XBTO’s Rebekah Keida, two important measures for increasing the number of women involved in the NFT and Web3 spaces are “enrolling more people in cryptocurrency education and fostering a greater sense of inclusion.””Truthfully, this industry is still so young and snowballing, so no one is truly an ‘expert.’ We are all learning together. The more we can promote this concept of inclusivity, the more welcoming the space will become to new crypto users and women looking to get involved.” What would they advise any lady considering a career in the NFT sector? Vyazemskaya suggested that it’s a good idea to get started interacting with other creators and collectors as soon as possible.Related: The Sandbox partners with World of Women to drive female education and mentorshipThe NFT community, according to her, is one of the “most supportive,” and much of really valuable communication and interaction occurs on social media and internet marketplaces like Rarible.Keida, on the other hand, advised that while it appears to be easy to start, simply start. She adds, “do your research.” She considers one-on-one conversations, whether via Twitter or Discord, extremely valuable. The media’s typical coverage of NFT investment stories is optimistic – either a spectacular success or a catastrophic failure.”When you reach out and start building individual connections, you realize there is so much more insight to gather.”

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Hashdex to launch Web3 and smart contracts ETF on Brazil's stock exchange B3

Hashdex, a global crypto-focused asset manager, has revealed the launch of its Web3 Exchange Traded Fund (ETF) with a new announcement.As per a report by Cointelegraph Brazil, the new ETF will be available on B3, Brazil’s main stock exchange, and will give investors a secure and diversified way to invest in Web3 and its underlying smart contract platforms.The new ETF’s reserve period started Monday, March 14, 2022, and runs until Friday, March 25, 2022. Hashdex’s co-founder and CEO Marcelo Sampaio said the company believes that Web3 represents the future of the internet and is a further indication of blockchain technology’s potential. He added that:”The WEB311 ETF not only provides exposure to the smart contract platforms underpinning Web3, but serves as an accessible and unique way to invest in projects that will be the main engine of the internet of the future.”The new product was announced in conjunction with CF Benchmarks, one of the world’s major providers of digital asset market indexes. WEB311 will mirror the “CF Web 3.0 Smart Contract Platforms Market Cap Index,” as per the announcement.The index will comprise tokens from two industry-leading platforms with the most valuable DeFi contracts in terms of total value locked in their protocols — Ethereum (ETH) (22.5 percent) and Solana (SOL) (22.1 percent) — as well as emerging ecosystems. They fall under the category of Cardano (ADA) (22.5%), Polkadot (DOT) (19.5%), Algorand (ALGO) (8.8%), Tezos (XTZ) (3.5%); and Cosmos (ATOM) (1.1%).Related: Brazilian Stock Exchange approves two new crypto ETFs in Latin AmericaHashdex is a fund manager that issues licensed crypto investment funds, having launched its first cryptocurrency-focused ETF, HASH11, in April of last year. Hashdex also offers a Nasdaq-weighted BTC/Nasdaq Crypto Index fund and a Bitcoin Risk Parity Gold Fund.In August 2021, Hashdex introduced an ETF dedicated to the future of the internet, which is decentralized and built on blockchain technology with the ticker BITH11.

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Okcoin launches $165M collective investment to push Bitcoin adoption

Cryptocurrency exchange Okcoin, along with the Stacks Accelerator and Stacks Foundation, announced on Thursday the start of the “Bitcoin Odyssey,” a one-year commitment among investment firms to invest $165 million in inventive solutions to help drive Bitcoin (BTC) adoption.The Bitcoin Odyssey is funded by Digital Currency Group, GBV Capital, White Star Capital and GSR, among other organizations, to respond to the rise in interest in decentralized finance (DeFi) and new technological capabilities made possible with Stacks.Alex Chizhik, head of listings at Okcoin, and Kyle Ellicott, partner at Stacks Accelerator, will co-lead the initiative. The money and assets will be used to finance initiatives that are being built on Stacks, an open-source network for Bitcoin-based smart contracts, and the Bitcoin blockchain itself.Stacks 2.0 is a layer-1 blockchain with a built-in bridge to Bitcoin. The Clarity smart contract language, which is based on Algorand’s open-source protocol, serves as the foundation for Stacks 2.0. As a second-layer network, Stacks complements the Bitcoin blockchain and allows for the utilization of BTC in decentralized lending, nonfungible token (NFT) buying and other smart contract applications.Related: Stacks ecosystem becomes #1 Web3 project on BitcoinSince its mainnet launch in January 2021, the layer-1 network’s STX token reached a peak market capitalization of $3.7 billion. The Bitcoin Odyssey will select projects focused on Bitcoin and Stacks, as well as solutions across Web3, such as the Metaverse, blockchain-based play-to-earn gaming, DeFi, NFTs and decentralized autonomous organizations, along with CityCoins, government technology and other fields. In addition to funding, industry leaders will provide hands-on assistance to the selected Odyssey projects.

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