Autor Cointelegraph By Tom Farren

0x expands partnership with Celo to distribute $4.5M to DAO ecosystem

0x protocol and Celo blockchain have announced a joint partnership to allocate $4.5 million — consisting of $3 million CELO and $1.5 million ZRX — towards the growth of 0x’s ecosystem via its community-centric decentralized autonomous organization (DAO).The news follows an agreement penned in mid-November between the two firms to integrate a zero-cost 0x API functionality on the Celo blockchain to enhance the experience of DeFi developers seeking to access multi-chain aggregated decentralized exchange (DEX) liquidity services.Celo is an open-source collective of tech, nonprofit and nongovernmental organizations (NGOs) unified to promote greater global access to decentralized applications (dApps) and cryptocurrency payments via its mobile-centric model, while 0x is a decentralized web infrastructure that facilitates tokenized ERC-20 investing through the use of public smart contracts. 0x claims that, since its launch, its API feature has enabled more than 21 million trades across more than 1.8 million unique addresses for a sum of over $100 billion in volume across popular chains Ethereum, Binance Smart Chain, Polygon, Avalanche, and Fantom.Celo’s head of ecosystem growth Xochitl Cazador said the new partnership is designed to foster “rapid expansion” of a “truly decentralized DeFi within the 0x community DAO.”Founded upon principles of decentralization, community governance and transparent objectives, the re-emergence of DAOs over the past 12 months has ignited the conversation for the technology becoming the next major sub-sector of mass growth within DeFi during 2022, and as such, accelerating the growth of an industry already establishing historic total value locked (TVL) of $274.65 billion. By comparison, DeFi’s TVL was less than $20 billion a year ago and virtually non-existent at the start of 2020. Related: DeFi can be 100 times larger than today in 5 yearsIn August this year, both Celo and 0x were founding members of the decentralized finance philanthropic initiative DeFi for the People. The collaborative venture, which included notable projects such as Aave, SushiSwap and Curve, among others, raised $100 million to support a panoply of financial inclusion and education schemes. Aligning with these collaborative principles in this latest funding, 0x Labs’ co-founder and co-CEO Will Warren said the Celo partnership is expected to have a positive impact on his platform’s native ZRX token. ZRX is currently valued at $1.07 for a total market capitalization of $910 million, according to CoinGecko.

Čítaj viac

Maven 11 Capital raise $120M in secondary funding round

Digital asset investment firm Maven 11 Capital has announced a $120 million funding round for its private investment establishment, Venture Fund II, in a move that will further expand its financial footprint across emerging sectors of decentralized finance (DeFi) and Web 3.0. The funding round builds off a successful inaugural raise of $40 million in June of this year. Established in May 2017, Maven 11 Capital has invested in 27 companies exclusively within the DeFi and Web 3.0 space. The firm was the lead investor in private seed rounds for data oracle service RedStone and metaverse stack firm Odyssey in July and November 2021, respectively.Maven 11s investment strategy focuses primarily on identifying emerging technologies. As such, the firm has amassed capital in a number of projects, including stalwart cryptocurrency assets Bitcoin (BTC) and Ether (ETH), in addition to Aave (AAVE), Uniswap (UNI) and Yearn Finance (YFI), as well as more speculative positions in nascent projects OlympusDAO, Nym Tech, and Arweave, among others.So we did a thing….It’s probably nothing.But in all seriousness, this whole team of #DeFi degens and #Web3 minded people is super stoked to continue supporting our current and new ventures in the craziest and most exciting space there is.WAGMI https://t.co/WON2sw1Ibr— Maven 11 Capital (@Maven11Capital) December 2, 2021Related: 1inch Network concludes $175M Series B led by Amber GroupMaven 11’s venture fund highlights a growing investor appetite for identifying and investing in emerging blockchain and crypto plays. As Cointelegraph reported on Wednesday, former Wall Street veteran Matt Zhang launched a $1.5 billion crypto fund dedicated to investing in promising blockchain plays as well as trading in crypto assets. Zhang’s Hivemind Capital Partners is one of at least three multi-billion-dollar crypto startup funds, the other two being run by Andreessen Horowitz and Paradigm. 

Čítaj viac

Iota set to launch decentralized smart contract platform to expand Web3 ecosystem

Iota has announced the release of decentralized layer-one smart contract network Assembly, and accompanying ASMB token, in a bid to accelerate the expansion of smart contracts across a multitude of sectors, including decentralized finance (DeFi) and nonfungible tokens (NFTs).Assembly utilizes the Iota network’s existing architecture, most notably the directed acyclic graph structure, to operate adjacently as an interoperable, self-sovereign bridge that reaps the benefits of scalability and robust security, among others.Decentralized application, or DApp, developers have the ability to create their own smart contract chains and set individual parameters for low-cost execution fees, a function that also enables service providers to issue on-chain stablecoin assets to incentivize validators.Alongside this, the platform is fully compatible with the Ethereum Virtual Machine (EVM), as well as supporting smart contract languages Solidity, Rust, Go and TypeScript, with more expected to be added in the near future.In conversation with Cointelegraph, Dominik Schiener, co-founder and chairman of the Iota Foundation, revealed how Assembly aligns with Iota’s overarching vision to create a decentralized ecosystem, as well as how the project’s infrastructure could provide a perfect environment for project construction, stating:“Assembly is fully configurable and can bridge across any smart contract chain running whatever type and flavor its builder desires. Every network built using the protocol will benefit from the shared security, interoperability and token infrastructure provided by the Assembly network.”Related: Iota Foundation to launch staging network and reward tokenIn October, the Iota Foundation launched beta smart contracts with EVM functionality in an effort to expand scalability, interoperability and drastically reduce transactional fees on the network.Source: IotaThe token’s distribution model allocates 40% of ASMB assets to a community decentralized autonomous organization, 20% granted to Iota stakers (as rewards distributed over the coming two years), a further 10% to early participants and ecosystem developers, leaving the final 20% to the Iota Foundation.By adopting this community-centric governance model, Assembly is seeking to foster an environment for creators, developers and community advocates that facilitates the expansion of the Iota ecosystem into a panoply of Web3 sectors, including the Metaverse.Amid the parabolic financial gains of metaverse tokens MANA and LAND, in addition to the heightening mainstream debate around the impact of emerging metaverse worlds, Schiener expressed the importance of establishing and maintaining open, transparent, self-governing metaverse models:“Its underpinnings must be able to support and bridge any type of technical architecture its builders desire, uninhibited by gatekeepers, costly auctions, or rigid architectures limited to certain programming languages, virtual machines, or smart contract types.”

Čítaj viac

Jenkins the Valet founder wants to create a decentralized Web 3.0 content company

“My mom cried when I got the job as valet at the Bored Ape Yacht Club, one of the preeminent social clubs for apes. She hooted and grunted and peeled open one of our finest bananas. “Jenkins,” she said, “you’re going to rub shoulders with some of the finest apes from around the world.” I rolled my eyes. She had a knack for embellishment, and I was only going to be a valet, after all.”Jenkins the Valet is a wide-eyed, brown-furred service ape rather ordinary in appearance, but in the attire of his work vest and Irish boho hat, widely regarded as a diligent professional, true embodiment of discretion and perhaps one the most boring apes in the Bored Ape Yacht Club (BAYC) universe.While originating as another token in the BAYC, Jenkins has since evolved into a project and story, in and of itself. Jenkins is voiced across various platforms by an anonymous individual who studied creative writing at college and spent the last six years working as a product manager for a large consumer technology company. Jenkins partner, Safa, is a self-described serial entrepreneur, and has a full-stack marketing background and runs his own creative agency.Six months ago, Jenkins revealed his affiliation for storytelling, and in doing so, his intentions to reveal unfathomable secrets, first-hand accounts, and quite possibly, suspicious criminal activity within the Bored Ape Yacht Club.In the words of Jenkins himself, “Hell, I even killed a man.”The Writer’s Room NFT Collection. Source: Jenkins the ValetJenkins the Valet: The Writer’s Room is a collection of 6,942 nonfungible tokens (NFT’s) that serve as virtual compasses to the creative direction of Jenkins metaverse tales, the first of which will be a full-length fictional novel, supported by global talent agency Creative Artists Agency, and written by New York Times best-selling author, Neil Strauss.Categorized into four tiers, Writer’s Room NFT’s ascend in voting power from the lowest-value Valet Ticket with five votes, to the Yacht Key and Valet Stand, which hold 10 and 50 votes, respectively, through to the premium WAGMI yacht, which grants 215 votes.These owners are designated exclusive chairs at the table in Jenkins’ illustrious Writers’ Room, a phrase synonymous within the filmmaking industry, but here in Web 3.0, represents a digital portal to facilitate questions and proposals posed by Strauss and fellow community members on the genre, plot, characters and general concept of the narrative.Character participation within the novel will range from a simple acknowledgment to a main character feature, depending on their asset’s level. Once the book is published, licensors will be entitled to 50% of net profits from all forms of distribution, including the NFT book’s primary sale, commissions from the secondary marketplace and royalties from physical sales as well as film and television adaptions of the work.Overseen by metaverse firm Tally Labs, the project is supported by a six-team advisory board that includes Fractional founder Andy Chorlian, Redbeard Ventures founder Drew Austin and investor Gmoney.Throughout Cointelegraph’s conversation with Jenkins and Safa, it was clear that the pair view this project as a propitious intersection of their respective interests, skillsets and career backgrounds, and as such, signifies the pinnacle of their creative endeavours until this point.This Zoom interview has been slightly adjusted for clarity, and condensed to suit reading constraints..@jenkinsthevalet x @Cointelegraph Probably nothing. Soon. pic.twitter.com/LNyY1zNVPt— Jenkins The Valet (@jenkinsthevalet) December 1, 2021Cointelegraph: Jenkins, Safa, thanks for joining us today. First of all, can you tell us your current roles within the Jenkins project, and what does that entail day-to-day?Safa: We both wear a ton of hats, but generally anything tech-related goes to Jenkins. This is as well as writing, the voice of the character that you see on socials and Town Halls, and the overseeing of our entire development team.I do a lot of the marketing, social media strategy, finance and operations. We both do community management. Honestly, aside from tech, we both overlap quite a bit.Jenkins: There’s one other thing that I would say that you do (Safa) that I think is really important. You gave me credit for the Jenkins voice, but you have built the Jenkins brand, and you spend a lot of time thinking about the way the project is perceived by others. I think that’s something our community, and the community at large really admires about our project.Jenkins cites the physical valet stand displayed at NFT NYC last month as a prime example of how Safa’s branding experience enabled them to converge their social audience to a physical monument, and how that was appreciated by the community.S: From running an agency, I have a lot of experience working with clients and designers overseeing visual and brand identities, and so we’ve tried to treat Jenkins that way. Not just visually, but in our messaging, how we look, feel, the pillars that we’re built on, and what the community can expect. It’s all been very intentional on our end.CT: Let’s talk about Creative Artists Agency. How do you expect them to support the project’s vision and propel the Jenkins brand to a wider audience?S: It’s almost impossible to put into words. Their job as an agency is to represent storytellers. As a business, they have grown through many different eras of creation and distribution, and this is something that they view as the next frontier.They see us in the same way as their directors, artists, actors and people who are telling great stories, but they also recognize how different a world we’re playing in, and they trust us to operate in that way.Principles that hold for traditional entertainment and distribution don’t hold here. Everything that happens in the NFT and the Web 3.0 space is community first. We don’t have customers, we have partners, collaborators and community members.Creative Artists Agency will be our liaison into every corner of the traditional world in terms of movies, film, TV, podcast, animation. And it’s already started. As focused as we are on making book one, projects two and three and their own forms of media are already underway.J: I don’t think we see book one as being the first in a series in the way the first Harry Potter book ends with his first year at Hogwarts, and then the second book is his second year.We have two thoughts on how this book can impact future media. First, if the book can stand-alone as a really great work, then we could make direct derivates in other formats like film or animation.The other is that this book will introduce people to Jenkins in a larger format than we’ve already done (shorter stories on Twitter). Simply by having a work by Jenkins out in the world, we think that it will guide us into other forms of content that wouldn’t necessarily be sequential in plot but would utilize the brand.This is a bit of a funny analogy, but I think something like Scooby Doo where the characters and theme may be similar, but what happened last time doesn’t necessarily matter for what happens next time, except for the fact that you know a little more about who the characters are.Online voting portal. Source: Jenkins the ValetCT: Moving onto Neil Strauss. What was his initial receptiveness to the Jenkins project, and has he provided any insights into what’s intrigued him, stories which have stood out in his research, or possible questions for the community portal?S: Neil is native to the space, so immediately understood it, which was super cool.On gaining assurance that they’ve made the right decision in choosing Strauss, Safa tells the story of when someone asked Neil how he feels about writing fiction, to which he responded: “I’m not writing fiction, I’m writing a memoir on Jenkins the Valet.”J: Right now, Neil is just trying to wrap his head around the space, our community and who Jenkins the character is. Once we begin licensing characters and he is provided new context, it will give him more space to ask new questions to the group.But Neil doesn’t need every character to start writing background, setting and things like that. The idea is that Neil would write a bit, and then people would get to read what he’s written, which in turn could trigger new proposals or votes.CT: In terms of submitting proposals, does that cost one of your voting rights?J: No. The voting power is applied to every single proposal. If you have a ticket, you can apply five votes to every single option. So, you don’t lose votes, and submitting proposals doesn’t cost you anything.CT: Would you ever consider the idea of granting additional voting rights to people whose proposal submissions are successful?S: We’ve played with the idea of — and this wouldn’t be the official term — “reputation scores” where we’re able to evaluate how many times people have voted, not necessarily correctly, but on the side of the winning choice. We hadn’t thought to integrate proposals being successful, which is an interesting one.After months of work, we are LIVE with the Writer’s Room.This is a custom Web3 application where you can vote on the outcomes of our content, license your Apes to earn royalties, and partner up to license other people’s Apes.Check it out HERE : https://t.co/2VYlQQiwnE pic.twitter.com/E1g7SdV5Wd— Jenkins The Valet (@jenkinsthevalet) November 28, 2021

CT: What are your expectations for the community portal?S: Had we decided to do something way less ambitious, we’d have probably launched already and started writing. We’ve seen a few other projects happening on Discord, but we felt that we needed a really integrated portal to house this project, which would yield the best experience.The portal is going to be industry leader, the best in class. I don’t think we’ve seen anything like it in the space, and so we’re excited to share it with the world. We’re definitely going to open-source our licensing agreement, and we might even open-source the portal down the line.CT: How will the licensing model operate, and how will this impact the process of writing?J: When you licence an avatar to the book and sign the licensing agreement, an optional form pops up that allows you to give us a name and backstory of your character. After a couple of weeks, we’re going to have a map of licensed avatars, their names and backstories.We can then query the database and maybe see that there are six astronauts, some mutants with similar traits, three people who are part of the ape mafia. Once you have all that, it becomes much easier to imagine what the story could become.CT: Looking ahead to the Jenkins Roadmap 2.0. How are you envisioning that experience for Jenkins NFT holders?S: Roadmap 2.0 will be kicked off by the book one NFT sale. We believe that by then, Writers’ Room NFT’s will have increased in value and book one will represent a lower entry point for more people entering the ecosystem, similar to what Mutants did for BAYC.J: We’ve said publicly that Roadmap 2.0 will have a bit of game theory. Books will be able to be burned or held, which will kick off a series of options for holders with different utility, depending on which direction you take it.Sorry that it’s cryptic, but this has been an incredibly well thought-out and strategic project. We’ve been deliberate about dropping Easter eggs for a very long time, and so there are a lot of disparate things that we’ve put out that will come together to explain different aspects of Roadmap 2.0. Honestly, we’re really proud of that and excited for people to start making connections and discovering the clues. We’ve had a few conversations with community members where someone has said I saw this and this and this, and I think they’re going to come together in this way. And the two are us are like damn, they’re on it!Depiction of valet stand. Source: Jenkins the ValetCT: Wen DAO?S: I don’t know that everyone will take the time to be deliberate in building DAOs [decentralized autonomous organizations] in a structurally compliant way, but that’s what we’re doing. We’re surveying multiple top blockchain law firms that have worked with some of the biggest crypto native companies, and planning out the vision with them.We’ll be pursuing that route so we can bring our community with us as we grow. That’s a core thesis of the Writer’s Room and we think DAOs are a good way to accomplish that.CT: And finally, what does the future of Jenkins the Valet look like?J: Our ambition is to create a decentralized Web 3.0 content company where the lines are blurred between what it means to be a consumer and a contributor.We believe that we are building an infrastructure, brand and character where our community are also creators and participators in a content company that the two of us, at least, think that we’re going to work on for decades.

Čítaj viac

Získaj BONUS 8 € v Bitcoinoch

nakup bitcoin z karty

Registrácia Binance

Burza Binance

Aktuálne kurzy