Značka: tokens

Blockchain meets activity tracking: Project rewards healthy habits with tokens

Blockchain use cases continue to grow as the world learns about the benefits that it brings. Apart from bringing financial innovations like the ability to do peer-to-peer transactions, blockchain now makes its way to the health industry.Health specialists created a method to track and store health data using blockchain technology. Rosanne Warmerdam, the CEO of Health Blocks, told Cointelegraph that her team had developed a way for users to generate and store patients’ health data without sacrificing their privacy and security. “We wanted to start with giving users ownership and control over their health data,” said Warmerdam. By building on top of the IoTeX blockchain, their platform Health Blocks collects lifestyle-related health data from wearables and other smart devices and connects it to a decentralized health profile.The project also gives incentives as users reach their health goals. “We want to make a healthy lifestyle fun and rewarding, providing tools to improve health and provide access to health services for all,” said Warmerdam.With this, users can get tokens as they achieve their health goals. According to Warmerdam, “when a user reaches a health goal of 10,000 steps in a day, a smart contract is triggered, sending tokens to your profile.”Related: $1B science fund seeks blockchain projects to expand human lifespanMeanwhile, a medical firm in Mexico is using blockchain to verify COVID-19 testing results. MDS Mexico utilizes the technology to avoid the fabrication of results. The team certifies the COVID-19 detection through blockchain and cryptographic signatures. This protects the information by using a unique, immutable, and unalterable QR Code that can easily be verified.There are a number of existing use cases for blockchain in the medical field, but many predict it is open for more breakthroughs. While discussing new potential crypto and blockchain use cases, billionaire Mark Cuban also shared theories on how a decentralized autonomous organization may be applied in medical procedures like providing colonoscopies.

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OpenDAO (SOS), LooksRare (LOOKS) and WTF token: 3 airdrops, with 1 scam

NFTs continue to surge with what looks to be no end in sight. Since January 14, 2022 OpenSea notched trading volumes over $1.03 billion, and its latest rival, LooksRare, has eclipsed the platform according to data from DappRadar. Top 8 NFT marketplaces by volume. Source: DappRadar What’s clear is that NFT collectors and traders appear to be shifting their sentiment on where they are seeing value. Since the start of 2022 there’s been an emphasis on “community” with a buzz and advocacy of rewarding users for their participation. OpenSea has already generated more than $3.2 billion in total volume despite many NFT traders feeling that the marketplace betrayed the notions of Web3. These investors are voting with their feet and planning to boycott the marketplace by turning their attention to others who are more “Web3 friendly.”Community-driven NFT marketplace, LooksRare and other platforms have successfully completed a vampire attack, leaving disgruntled OpenSea users migrating away from it for not valuing and rewarding user participation.Participants seem to be adamant on advocating for the value they create within the ecosystem and feel competitors are meeting their demands. However, could more rivals to OpenSea sway users by claiming to value and reward their participation? And could others potentially exploit users who blindly follow these notions and protocols?SOS: OpenDao receives mixed reviewsSince launching, SOS has locked in 13.7 trillion SOS in staking ($45.6 million) and 50% of its total 100 trillion total total supply is distributed to the community. Up until January 12, 2022 users were eligible to claim a 145% APY for its veSOS governance token and this came equipped with voting rights for future projects and protocols. SOS appeared to have lit the match for community activism but it faced backlash after taking back its original plans to end claiming until June 30, 2022.  Many voiced their frustration and confusion, learning that in DAOs, decisions can change with the call of a vote, and participation is highly recommended.SOS Staking Pool. Source: SOS Queries Dune AnalyticsCurrently there are over 200,000 holders and more than $2.5 billion traded and future project launches plus the current NFT marketplace could see more liquidity rotating into SOS.SOS has decreased nearly 70.5% and is trading at $0.00000327despite a looming marketplace that is speculated to offer unique trading opportunities for NFTs.SOS/USD live 24-hr Sushiswap LP Chart. Source: CoinGecko Gecko Terminal NFTs continue to surge with what looks to be no end in sight. Since January 14, 2022 OpenSea notched trading volumes over $1.03 billion, while its latest rival, LooksRare, made over $1.79 billion ranking above the giant, according to data from DappRadar. Is there more to LooksRare than just wash trading?Launched on January 10, 2022, LooksRare aimed for OpenSea’s jugular— or rather its lack of Web3 incentives and initiatives— and gained the attention of many who were already discussing the “Death of OpenSea.”The token was a “free” drop, but it came with the price of several transaction fees, including placing an NFT up for sale, claiming the airdrop and staking (optional).Even with the costs, over 110,000 wallets claimed LOOKs, from approximately 60% of the total eligible wallets, according to data from Dune Analytics. Number of LOOKS vs wallet addresses that claimed the Airdrop. Source: Dune AnalyticsLooksRare has amassed nearly $2.4 billion in total volume, but the metric only shows a piece of the entire pie. A few red flags were raised when a closer look at the amount of transactions was viewed. Comparing the number of transactions on LooksRare to OpenSea reveals that OpenSea processed over 50 times the amount of transactions of LooksRare.LooksRare has an estimate of 17 times the amount of users, yet OpenSea’s volume is half that of its rival.Shortly after launch, investors grew suspicious that traders were wash trading with Larva Labs Meebits collection to take advantage of trading rewards.LooksRare vs. OpenSea Daily Users Source. Dune AnalyticsWhile there’s a camp of individuals who are championing LooksRare and find its model promising, others are raising questions and concerns about the platform’s sustainability.Fees.wtf lived up to its nameMany were fortunate to benefit from the SOS and LOOKs airdrop but the Fees.wft airdrop was a different story. Initially, the project was a fee service on the Ethereum blockchain that calculates the total gas fees a user has spent. A user had to spend at least 0.05 Ether to be eligible to claim and once announced, traders rushed to cash in only to find the initial liquidity pool was too small resulting in 58 Ether, ($188,036) being drained by a bot. 1/ $WTF: A service, a token, and what everyone said five minutes into the launch when one bot drained 58 ETH from the pool.Let’s take a look at what happened.— meows.eth (@cat5749) January 14, 2022Aptly named, it seems users did not have to mint the Fees.WTF NFT to feel rekt. Users who were not familiar with slippage tolerances found that their orders were executed for significantly less than expected, leaving one user trading over $135,000. Daily WTF holders. Source: Dune Analytics @MilkmanDespite falling nearly 84% since a spike after its initial launch, WTF seems to continue to grab the attention of new holders with its claims window still open and the number of holders increasing.Daily WTF price. Source: Dune AnalyticsProgramming the contract so that the team makes 4% after every transfer, the team has allegedly made over $3 million and counting. Even though the platform “intended” to reward users for the fees they have spent, Fee.WTF stunted on users who paid more in fees than they actually claimed.According to Rokitapp founder Lefteris Karapetsas, the smart contract was coded to siphon Ether from anyone who interacted with the contract. Upon further inspection, Karapetsas saw the contract encoded a fixed whitelist of those who did not need to pay transfer fees. Oh hey look the @feeswtf team posted a post-mortem: https://t.co/8v1Ng3DupHIf that does not tell you need to know about the “project” I don’t know what will.— Lefteris Karapetsas | Hiring for @rotkiapp (@LefterisJP) January 15, 2022

Despite suspected wash trading and the contentious issues surrounding the association to Cole, Pudgy Penguin co-creator and investor in the project, LooksRare provides a competitive edge to OpenSea because it falls in line with the current demand of Web3 users. OpenDAO and LooksRare are good examples of what OpenSea competitors possess and are waiting to unleash. With the increasing number of individuals entering the crypto ecosystem, and many advocating for Web3 incentives, traders need to take heed and evaluate where they are placing their attention and value since there are platforms that are laser-focused on exploiting their needs.The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.

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Andreessen Horowitz aims to raise $4.5 billion to invest in crypto funds

A16z, a VC company with investments in Protocol Labs, Polychain Capital and Opensea among others, is now planning to raise $4.5 billion for its latest fund which is focused solely on cryptocurrencies, according to a report by U.K newspaper Financial Times.Last week, Andreessen Horowitz’ venture capital firm reportedly said it would raise $3.5 billion for its VC fund, as well as another $1 billion for web3 seed investments, with the plans to be announced in March. The firm is ready to eclipse the $2.2 billion it raised in June 2021, which was at the time the crypto industry’s largest.The first fund will be used for investment in crypto start-ups and projects that are seeking investment for initiatives, while the second fund will be focused on investing in digital tokens and currencies.Andreessen Horowitz, with almost $30 billion in assets under management, is one of Silicon Valley’s top venture capital companies. The venture fund was one of the first major investors in companies like Skype, Facebook, Twitter, and Coinbase. If a16z is successful in attracting investors to raise $4.5 billion, it would become the industry’s largest, surpassing Paradigm’s $2.5 billion in Nov. 2021.Related: OpenSea raises $300M for encrypted digital marketplaceA16z has backed a number of crypto-friendly gaming platforms, most recently Carry1st, which is the firm’s first investment in a startup on the African continent. In Oct. 2021, a high-powered delegation from the VC firm engaged with members of Congress and administration officials in the U.S to discuss crypto rules.

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Battle of the bots: WTF token launch drains 58 ETH

Fees.wtf is a simple service that shows Ether (ETH) users their lifetime spending amount on Ethereum blockchain transactions by measuring gas. You plug in your wallet address on its website, and it tells you how much gas you spent. The project released its WTF token in an airdrop Friday. Essentially, users were able to claim WTF tokens as well as a “Rekt” nonfungible token (NFT) for 0.01 ETH. The Rekt NFT grants lifetime access to the pro version of Fees.wtf.According to its Discord announcement, the initial launch planned to offer 100 million WTF, and the “circulating supply will be the main attraction in the tokenomics.” However, it didn’t quite go as planned. Following frantic trading behavior between bots in the opening hours of the airdrop, one bot ran off with a reported 58 ETH, or $180,000. According to Etherscan, 58 ETH was drained from the Wrapped ETH (wETH) and WTF liquidity pool. Social media channels were quick to respond because many airdrop participants lamented losing thousands of dollars in ETH. The WTF team chimed in two hours after the airdrop to calm their ranks:“Immediately on launch there was only a tiny bit of liquidity and there were ape bots that were chucking in 100s of ETH into a pool with an ETH or two of liquidity. They also had high slippage and ended up being sandwiched by the other bots which essentially drained all their ETH.”Basically, within five minutes of the token launch, poor liquidity pool management from the WTF developers left the liquidity pool exposed. As there was low liquidity, bots were able to manipulate the price of WTF to then sell for wETH. The bots battled it out until one winner took home the pot. In effect, the bot stole from users who provided liquidity to the pool, trying to claim their WTF tokens and Rekt NFT. The victor managed to send an “ultra-fast transaction at 3,000 Gwei,” making a 6x return on their initial investment. The WTF team sent out another Discord update two hours after the airdrop, stating, “The core contracts are all fine, this was a war on Uniswap.” The team added, “We hope no one was affected by it.” However, as has become a common occurrence in airdrops of late, many users lost a lot of money. The price graph of the token since launch paints a thousand words. The initial spike shows the bot activity swiftly followed by a 10x loss in value. The official WTF Discord group is brimming with users sharing stories of losing money. Some are “shaking” with rage, while death threats and lawsuit claims are rife.One Etherscan transaction points to one user losing 42 ETH, or $135,000, for 0.000044170848308398 WTF, effectively $0.01.Related: Recounting 2021’s biggest DeFi hacking incidentsAs daylight dawns on the project, some Twitter users have called out the project as a Ponzi scheme. The referral element to the project is spurious. Referrers of the WTF project claim 50% on fees “to make wtf go viral,” while the WTF team earns 4% from each transfer. In total, the WTF team claimed almost half a million United States dollars in token transfer fees in a little over eight hours.Twitter user Lefteris Karapetsas didn’t mince his words: Summing up.WTF “team” made an app any dev can do in 1 hourSlapped a token + ponzinomics on itAnons aped without thinking and lost ETH in gas and claim feesTeam has so far made 116 ETH + 6,168,806 WTF. Roughly around $855,665 and this is getting bigger by the second— Lefteris Karapetsas | Hiring for @rotkiapp (@LefterisJP) January 14, 2022The WTF project states merely that the supply of tokens is “deflationary” and that 40 million WTF tokens will go to its treasury. There is not a great deal of detail regarding the token distribution. Twitter user Meows.ETH concluded their Twitter thread with a zen approach to the controversial project launch: “If you were fortunate enough to claim a big amount of $WTF and cash it out for a profit, be happy. Unless you’re attempting to bot the initial liquidity, don’t FOMO into buying a newly launched altcoin with high slippage.”

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New NFT marketplace LooksRare allows traders to earn rewards

LooksRare, a recently launched nonfungible token, or NFT, marketplace, says it wants to index all NFT collections on the Ethereum blockchain. The site went live on Monday with a token airdrop.#LooksRare NFT Marketplace Now Live!$LOOKS airdrop claim open⏰ Staking starts at block 13977012Trading reward calculations start tomorrow LFG! https://t.co/Y1jt9Kmqt6— LooksRare – NFT Marketplace (@LooksRareNFT) January 10, 2022Created by two anonymous co-founders, known as Zodd and Guts, LooksRare claimed to be made “By NFT People, for NFT People.” According to its blog announcement, the LooksRare team is “tired of the deplatforming of creators, and the decision-makers who value business over community, seeking IPO instead of benefiting the communities that got them there.”Their alleged solution is to offer a marketplace that rewards the platform’s participants and creators. Users who buy or sell NFTs from eligible collections can earn its native utility LOOKS tokens. OpenSea users who traded 3 ETH or more between June 16–Dec. 16, 2021 are eligible for an airdrop of LOOKS Tokens.Related: GameStop shares jump 26% in after-hours trade after NFT division unveiledIn addition, the platform has a 2% standard fee on all NFT trades, which is lower than OpenSea’s 2.5%, that goes to LOOKS token stakers. And users can trade NFTs with Ether or wrapped ether (WETH). At the time of publication, LOOKS traded at 0.0008748 WETH ($2.69).The LooksRare site was down for a few hours on Monday, which caused some users to experience difficulties while connecting their wallets and completing listings. According to the project’s Discord, the site was under a distributed denial-of-service attack, or DDoS, meaning that its network was overwhelmed with malicious traffic.Related: 5 NFT marketplaces that could topple OpenSea in 2022On Monday, another NFT marketplace launch announcement was made by the news organization Associated Press, which plans to debut its photojournalism NFT platform on Jan. 31.

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Sega will likely not introduce NFTs for play-to-earn if 'perceived as simple money-making'

The leadership at video game firm Sega Corporation’s holding company has suggested that they may avoid nonfungible tokens in play-to-earn model games based on the response from users.In a Dec. 14 meeting of Sega Sammy Holdings’ CEO Haruki Satomi, senior executive vice president Koichi Fukazawa, and Sega Corporation president Yukio Sugino, the trio said they needed to “carefully assess” how to potentially introduce nonfungible tokens, or NFTs, into Sega titles to “mitigate the negative elements” and work within Japanese regulations. The executives cited “negative reactions” from users overseas rewarded in NFTs for gameplay.“In terms of NFT, we would like to try out various experiments and we have already started many different studies and considerations but nothing is decided at this point regarding [play-to-earn],” said Sega. “We will consider this further if this leads to our mission “Constantly Creating, Forever Captivating,” but if it is perceived as simple money-making, I would like to make a decision not to proceed.”The executives added that any rollout of NFTs in play-to-earn model games would “be better to work with partners on new technologies and domains […] rather than dealing with them in-house.” It’s unclear how the video game company intends to move forward with gauging user interest.Related: Play-to-earn games are ushering in the next generation of platformsThe Sega Corporation is a Japan-based game developer and a subsidiary of the Sega Group Corporation, which merged with the Sammy Corporation in 2004. The company has been behind many popular games since the introduction of Sonic the Hedgehog in the 1990s — Sega’s latest title in the series, Sonic Frontiers, is scheduled to be released in 2022. In April 2021, the company announced it planned to expand into NFTs through a partnership with game developer double jump.tokyo. 当社は、double jump .tokyo株式会社との協業による、ブロックチェーンの技術を活用したNFTデジタルコンテンツについて、2021年夏頃を目途に販売を開始します。https://t.co/b8pMW6dg9G pic.twitter.com/3idW6RI71z— セガ公式アカウント (@SEGA_OFFICIAL) April 27, 2021Should Sega move forward with using NFTs in play-to-earn model games, it would be joining a variety of gaming companies incorporating the technology. In March 2021, France-based game publisher Ubisoft launched One Shot League, a fantasy soccer game developed in collaboration with the Ethereum-based game Sorare.

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New LGBT token aims for equity but raises red flags with community

The cryptocurrency community has raised concerns about Maricoin, a new token supposedly related to the LGBT+ community, with some people even suspecting the project to be a scam.Launched in December 2021, Maricoin promises to enable a “social, ethical, transparent and transversal means of payment” targeting the global “pink economy,” which is estimated to amount to trillions of dollars.One might question Maricoin’s ethics though, as its name is a portmanteau that plays on a Spanish slur for homosexuals.According to the project’s website, Maricoin runs on the Algorand blockchain, with creators planning to list the token on several crypto exchanges in 2022.The project was reportedly founded in Madrid by local hairdresser and entrepreneur Juan Belmonte, who said that the new token is designed to help the community profit by providing a new payment method for LGBT-friendly businesses worldwide.According to CEO Francisco Alvarez, as many as 8,000 people were already on a waiting list to buy Maricoin as of early January.Despite the token being widely promoted as the “first coin created by and for the LGBT+ community” on many mainstream media channels, Maricoin is not quite the first cryptocurrency project related to the LGBT+ community. As previously reported by Cointelegraph, there are a number of LGBT-related tokens and initiatives, including the LGBT token, which was launched back in 2018.Several industry observers have expressed skepticism over Maricoin, with some even alleging that the initiative could be a scam.“It’s not a coin, it’s a token, clearly a scam to catch fools who want to make easy money with crypto. Their website is poorly made, ugly and doesn’t have a single tech line about how this crypto will work. Not a single whitepaper and their waiting-list form is a damn Google Doc,” one Redditor argued.Related: Beware of sophisticated scams and rug pulls, as thugs target crypto usersJustin Ehrenhofer, vice president of operations at crypto wallet service Cake Wallet, said, “This 100% feels like a scam.”  He noted that the Reuters article on Maricoin didn’t include much skepticism on the project: This 100% feels like a scam. You need to FILL OUT A GOOGLE FORM to indicate how much you want to “invest” in “MariCoin”? Yet @enriqueanarte @TRF publishes this likely scam, without much skepticism. *Maybe* everyone involved is oblivious, but this appears to be a textbook scam 🙁 https://t.co/3TY4NfyDgQ pic.twitter.com/j1ZQaZea8G— Justin Ehrenhofer ️‍ (@JEhrenhofer) January 4, 2022Maricoin did not immediately respond to Cointelegraph’s request for comment. This article will be updated pending any new information.

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Airbnb users want crypto payment options, according to CEO Twitter poll

Airbnb CEO Brian Chesky tweeted a poll on Monday asking his roughly 400,000 followers what they wanted from the rental platform in 2022.Chesky has today revealed that the majority of respondents want to be able to pay with Bitcoin (BTC) or other popular digital currencies when renting their next house or apartment on Airbnb. Other requests included clear pricing displays, a loyalty program for visitors, up-to-date cleaning charges, and enhanced customer service.Got 4,000 suggestions. Here are the top 6:1 – Crypto payments (top suggestion)2 – Clear pricing displays3 – Guest loyalty program4 – Updated cleaning fees5 – More long-term stays & discounts6 – Better customer serviceAlready working on most, will look into others now! https://t.co/rxEM4BXZci— Brian Chesky (@bchesky) January 5, 2022Chesky also added that he has seen a number of token ideas, implying that Airbnb’s potential cryptocurrency payment selection will not be confined to one or two digital assets. Airbnb currently accepts Visa, MasterCard, Apple Pay, Google Pay and PayPal as payment methods. The CEO also noted that the accommodation company has processed $336 billion in transactions since 2013.Chesky has been vocal regarding the potential of new technologies. In September, he told Fox Business that the company had received a lot of inquiries regarding crypto payments:”We get a lot of requests, I’ve been getting it for years, I have nothing to announce on it today.”During a November interview with Nilay Patel of The Verge, he was asked about his thoughts on the future of crypto and metaverse:”We are definitely looking into it. Absolutely. Like the revolution in travel, there is clearly a revolution happening in crypto. Airbnb and crypto both have interesting relationships with trust.”Related: Crypto exchange lists Airbnb derivatives contract ahead of IPOHe went on to note that Brian Armstrong, the CEO of Coinbase, was a former employee of Airbnb. The crypto buzz surrounding Airbnb comes amid a rise in competition from decentralized blockchain-based alternatives like Travala.com’s Dtravel, which provides a holiday rental service.

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Ferrari’s new deal with blockchain firm Velas hints at NFTs

Italian luxury sports car manufacturer Ferrari is moving into the blockchain industry by inking a partnership with Swiss blockchain startup Velas Network.Ferrari officially announced Monday that it had signed a multi-year agreement with Velas to jointly issue “exclusive digital content” for the Scuderia’s fans. Velas will also be the main sponsor for Ferrari Esports Series, the online series competing in the F1 Esports Series, the official digital championship including all teams participating in the FIA Formula 1 World Championship.The announcement describes Velas as a major company in the industry of digital assets and blockchain, emphasizing the startup’s focus on nonfungible tokens (NFT):“A global player in the blockchain and NFT sector, Velas has distinguished itself through the performance and innovation of its services and its technological leadership, characteristics that unite it with the Maranello team.”Scuderia Ferrari general manager Mattia Binotto noted that the company chose Velas as one of its premium partners, as the companies share values such as innovation and performance of technologically advanced products and services.Farkhad Shagulyamov, a co-founder and newly appointed CEO of Velas, said that it was natural for Velas to partner with “another icon of excellence, which is Ferrari.” “Velas has introduced an innovative variety of pioneering technology into the blockchain and associated products, which will now be showcased at the pinnacle of motorsport,” he noted.The next chapter is coming Today, Velas officially partnered with Scuderia Ferrari. Thanks to both the @ScuderiaFerrari and @VelasBlockchain teams for such fantastic work you have done together.Don’t miss our updates to know more pic.twitter.com/X6NuVkKCkR— Farkhad S (@SFarkhad) December 27, 2021Ferrari and Velas did not immediately respond to Cointelegraph’s request for comment.Related: Global search interest for ‘NFT’ surpasses ‘crypto’ for the first time everVelas is an open-source blockchain network working to provide a mix of the best features of centralized and decentralized tools. As of October, the firm allocated $100 million to startups building on top of the Velas blockchain, which was a significant surge from its initial pledge of $5 million.Velas (VLX), the native token of the Velas blockchain, has edged up significantly recently. Trading at $0.346, the token is up around 4% over the past 24 hours at the time of writing, according to data from CoinGecko. VLX is up more than 70% over the past seven days.

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Crypto exchange Kraken’s new NFT marketplace to issue loans

Kraken founder and CEO Jesse Powell recently shared in an interview with Bloomberg News that the crypto exchange will launch a nonfungible token (NFT) marketplace that will enable users to borrow funds against their NFTs. Powell explained that the company plans to enter the NFT space in early 2022 and hopes to add the feature to determine the liquidation value of an NFT and if it can be put up as collateral for a loan.“If you deposit a CryptoPunk on Kraken, we want to be able to reflect the value of that in your account,” said Powell. “And if you want to borrow funds against that.”The value of NFTs, however, is all over the spectrum and only a small percentage of token owners hold a digital collectible valued for as much as a CryptoPunk, whose floor price is 66.9 Ether (ETH) or $273,673 at the time of publication.According to Powell, NFT utility will explode next year:“Phase one was speculation, phase two is buying art and supporting artists, phase three is going to be functional uses of NFTs.”Additionally, Kraken recently acquired Staked, an infrastructure platform that allows for non-custodial crypto staking, in an effort to attract new investors. Kraken clients will now be able to earn crypto rewards and yield while retaining control over their digital assets.Kraken was founded in 2011 and has become one of the largest crypto exchanges worldwide, ranking among the top in terms of average liquidity, volume and digital asset reserves, according to data from CoinMarketCap.Related: Nexo partners with Three Arrows Capital to launch NFT lending & art financing serviceKraken’s announcement demonstrates how NFT-backed loans are becoming increasingly commonplace as more DeFi platforms, such as Arcade and Nexo, are offering this new loan model. As Cointelegraph recently reported, Arcade closed a $15 million funding round in December as part of a broader effort to grow its offerings and attract more investors to its collateralized NFT platform. 

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Terra's Mirror protocol warns community against governance attack

Public blockchain network Terra has confirmed an ongoing scam attack via an official governance poll on Mirror, an in-house synthetic assets protocol. According to Mirror, the attacker launched a public poll on Mirror’s official website, which proposes a freeze on the community pool in case of a scam. NEW MIRROR POLL! ALERT: Poll 211 is SCAM — sending 25,000,000 MIR to itself … #vote on 212: https://t.co/FH6RqTbJ2j $MIR $LUNA #terra— Mirror Polls (@mirror_polls) December 25, 2021According to Poll ID: 211, named “Freeze the community pool in case of scam”, the scammer proposes an upgrade of safer community governance rules in case of a hack. If the hacker manages to get a positive majority on the poll, 25 million MIR tokens (worth $24.1 million at the time of writing) will be sent to the hacker’s address.Voting results of Poll 211. Source: mirrorprotocol.appAs evidenced by the above screenshot, Mirror’s proactive approach to warn the community has seen a sizable increase in the number of ‘No’ votes — confirming the security of the funds. According to WuBlockchain, the attacker initiated Proposal 185, disguised as a request for cooperation with Solana, effectively trying to defraud 25 million MIR tokens from the community fund pool.

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On heritage and NFT: Challenging the meaning of legacy itself

In his monthly crypto tech column, Israeli serial entrepreneur Ariel Shapira covers emerging technologies within the crypto, decentralized finance (DeFi) and blockchain space, as well as their roles in shaping the economy of the 21st century.When trying to examine the nonfungible token (NFT) economy as it has been shaping in recent months, two main trends can be discerned. On the one hand, a completely new market that allows various artists to join a new creator economy — the creators of Bored Ape Yacht Club, various types of pixel art creators and creative flickers such as the creator of long-necked women’s paintings, the sale of which brought the artist, only 12 years old, close to 1,394 Ether (ETH), equal at the time of writing $6 million.But the truth is that an NFT is much more than that. Take, for example, one of the first significant NFT sales, when Jack Dorsey sold the first tweet that appeared on Twitter in exchange for an amount that was then worth about $2.9 million. This NFT gained value, but in fact, its very assimilation as an NFT preserved a kind of heritage.The day Twitter goes down the web, or the outdated text platform disappears, like many sites that were part of the web’s annals and simply disappeared, the only things left will be those for which someone has created economic value, beyond the symbolic value. A unique value, which stands on its own, and which makes the preservation of tradition and heritage a sustainable operation.Garry Kasparov does NFTsGarry Kasparov, the former world chess champion, the man who has held that title for more years than anyone else, has decided to turn his legacy digital, and turn extensive chapters of his past into an NFT.”My NFT venture with 1Kind reflects my lifelong desire to take on new challenges and work with exciting new technologies,” says Kasparov. “From artificial intelligence to cryptocurrencies and the blockchain, I’ve always believed that innovation is the only way forward. We’ve worked together closely from the start to create not just unique items, but a completely new way of using NFTs to tell a story, one with real history behind it. “One of the interesting things about Kasparov is his interest in human-machine interfaces. Kasparov is perhaps the most famous chess player of all time, the youngest to win the world championship as well as the longest-reigning world chess champion of all time. But, in fact, his matches against supercomputers bought him his worldwide fame. Kasparov has repeatedly won state-of-the-art chess computers, but his loss, in 1997, to IBM’s Deep Blue computer marked the watershed and symbolized the fact that artificial intelligence manages to match and even achieve human intelligence. On the symbolic level, it was precisely this loss that linked Kasparov’s fate to the development of the digital age.Related: Without quantum security, our blockchain future is uncertainNow, with the NFT project that Kasparov is launching together with the 1Kind platform, he is once again shaking up basic concepts — of heritage, legacy and history. Kasparov seeks to create a digital presence for various chapters in his past, thus creating a legacy that does not depend on exhibits, display cabinets or history books. The objects, pictures and paintings depicting his past, he drops through NFTs, not to support some creator economy but like that Dorsey tweet, to preserve a legacy before it vanishes, and to bring in more people as interested in preserving that heritage. As Kasparov explains: “This is the first time an entire life will be turned into NFTs — my life. I wanted to share not only my chess games and successes but everything that formed me and my legacy on and off the chessboard.”A new chapter of heritage perseverance To this day, to document a heritage, one needs unique books, museums or tours. But all of this requires massive, long-standing support — after all, a museum cannot own itself and needs the support of taxpayer money or unique funds. But when Kasparov makes his legacy public in the NFT, he is decentralizing the preservation of the heritage. He calls on collectors to take part not only in his legacy but also in its preservation. At the simplest level — if Kasparov himself disappears from human consciousness, even these heritage objects will lose their value. So that the interest of the person taking part in the sale becomes the same as that of Kasparov himself. Preserve the heritage and expose it to as many people as possible.”The deeply personal nature of this project is apparent in every NFT. My family and childhood, my rise as a chess champion and conquest of the world title, and my explorations into politics, education, writing and speaking. Documents and artifacts never before seen by the public include my personal notebooks and family photos. The cast includes the coaches that shaped my chess, my fresh start with a new career and family after chess, and, through it all, my greatest champion from the very beginning, my mother.””Garry, how do you want to be remembered?” I admit I thought about such things even as a young world champion, but back then I only considered my legacy at the chessboard. Decades later, this third drop of NFTs is my answer. https://t.co/dpqqNvnVJD pic.twitter.com/OGtaKMkOex— Garry Kasparov (@Kasparov63) December 16, 2021In practice, this is an interesting experiment. After all, this sale includes not only digital art, or representations of past moments, such as the Moments of the NBA, but also digital representations of real objects such as notebooks, cards, physical photographs from Kasparov’s past and others. That is, the buyer will have digital ownership of objects, which someone else may have physical ownership of. Related: Gen Z and the NFT: Redefining ownership for digital nativesBut in fact, it is possible that in the world we are heading towards, it is not clear who will have the more equal ownership — the one who holds a paper copy of a game card in the safe, or the one who holds the digital representation, which can be displayed to the world without fear of being damaged or gone. Kasparov himself also admits that this is no small challenge, but perhaps this is again his way of breaking down barriers and concepts, in the transition to the Web 3.0 era.”I admit to being a little nervous, like sitting down in my first world championship match, playing against a supercomputer, or when I left behind the familiar world of chess to fight for democracy in Russia and beyond. But what are we without new challenges? Without taking risks? The status quo was never good enough for me, and in that spirit I’m delighted to share this ambitious and unmatched collection. I hope people would enjoy it and I can not wait to see what comes next,” says Kasparov. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.The views, thoughts and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.Ariel Shapira is a father, entrepreneur, speaker, cyclist and serves as founder and CEO of Social-Wisdom, a consulting agency working with Israeli startups and helping them to establish connections with international markets.

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