Bullets

2022-10-19 00:14:54 Towards a Decentralized Web: A small number of powerful technological businesses effectively dictate what users see and do online. As a result, rather than becoming a democracy (where users own and control their data), the internet has changed into something more akin to an oligopoly (where a few firms possess and manage user data).

Read more: https://medium.com/@blockless/towards-a-decentralized-web-73e880d0b1d1 Open / Comment

2022-09-26 02:26:16 Web3 can only be as decentralized as its supporting infrastructure

Contrary to Satoshi Nakamoto’s initial Bitcoin whitepaper, modern blockchains are far more centralized than desired. If collusion of major node providers happens, Web3 will lose all of its merits over Web2, including censorship resistance and trustworthiness. It would be left with just its shortcomings, including comparatively expensive fees and poor transactional throughput.

To prevent centralization and blockchain’s infamous “single point of failure,” decentralized infrastructure providers are gaining significant traction. This bodes well for the likelihood that Web3 ecosystems will stay robust and decentralized.

https://blockless.medium.com/web3-can-only-be-as-decentralized-as-its-supporting-infrastructure-8d03ebea655a Open / Comment

2022-09-13 16:18:17 • ETHW, the Proof-of-Work fork of the Ethereum blockchain, will launch its hard fork within 24 hours of the Merge. The exact time will be announced one hour before launch and all code and files will be made public when it goes live.

• Several exchanges have expressed interest in ETHW. One of the reasons for staying on PoW is for security, but the ETHW team is marketing the chain as a way for miners to continue to earn money.

https://decrypt.co/109561/ethereum-fork-ethereumpow-announces-date-of-mainnet-launch Open / Comment

2022-09-10 19:13:07 • Singapore's biggest bank DBS has announced a partnership with The Sandbox, a decentralized gaming virtual world.

• As part of the partnership, DBS will create a metaverse experience and buy land in The Sandbox.

https://www.dbs.com/newsroom/DBS_partners_with_The_Sandbox_to_launch_DBS_BetterWorld_to_demonstrate_how_the_metaverse_can_be_used_as_a_force_for_good Open / Comment

2022-09-10 09:50:40 • The Japanese govt has become one of the first to issue NFTs as a form of supplementary rewards to recognize the work of local authorities who have excelled at using digital technology to solve local challenges.

• 7 mayors received recognition for their cities' ideas centered on the digital economy.

https://cointelegraph.com/news/japanese-gov-t-issues-nfts-to-reward-local-authorities-work Open / Comment

2022-09-09 15:26:20 • re:meme is an on-chain meme remixer built on top of the Lens Protocol. Its app allows people to upload meme templates that other people can build on using an easy-to-use image editor.

• The on-chain protocol allows meme templates to be traced back to their origins.

• Meme owners will have the ability to change the monetization parameters of their memes.

https://mirror.xyz/wearenewt.eth/jQu6TqqUbpBvk-Tt-oYnTsXMDWtTRI0HXZm581er4-Q Open / Comment

2022-09-08 19:02:40 All Binance users who have completed KYC verification will be able to mint their unique BAB tokens - the First-Ever Soulbound Token on BNB Chain

www.binance.com/en/support/announcement/0fe1e7c8781844e29f56cb674231dfd7 Open / Comment

2022-09-08 14:07:02 Y-Combinator is doubling down on crypto founders

• 13% of this year's YC’s cohort are crypto startups, up from 6% in the prior batch.

• The 30 startups in this year's cohort each received a $500,000 investment to develop their ideas.

• 4 of the startups plan to develop crypto wallets, 10 startups will focus on SaaS products, 8 are building products specifically focused on DeFi, and 7 are NFT startups.

https://techcrunch.com/2022/09/07/y-combinator-crypto-investment-summer-2022 Open / Comment

2022-09-07 17:31:04 Sales of Reddit's blockchain-based avatars on OpenSea are outperforming sales on Reddit's proprietary store. The avatars, which were released to users in August, are already generating thousands of dollars in sales for artists.

Avatars that were listed for $50 or more on Reddit's store are now sold out, but they are available for a premium on OpenSea. Reddit Avatars are created by independent artists and minted on the Polygon blockchain.

https://cointelegraph.com/news/reddit-nft-avatars-selling-for-a-premium-on-opensea Open / Comment

2022-09-07 11:23:58 Russia is working with several countries to create platforms for cross-border stablecoin transactions. The country recently came to the conclusion that it needs cross-border settlements in cryptocurrency.

https://watcher.guru/news/russia-working-on-platforms-for-stablecoins-cross-border Open / Comment