Cryptocurrency

Recently, the “2024 GIPR2” voting event Dapp of MEET48, a metaverse virtual community based on an AI and WEB3.0 diversified UGC entertainment content ecosystem, has rapidly risen in the rankings on DappBay and DappRadar, attracting widespread attention.The MEET48 “2024 GIPR2” voting event (https://gipr.meet48.xyz/#/gipr) is divided into the Idol Group, Sprout Group, and Virtual Idol Group. Users can log into the MEET48 official website and app, complete tasks and watch contestant videos to earn points, mint NFTs, and use points to buy voting tickets to vote for idols. The final voting rankings will determine the metaverse and overseas offline performance resources that participants will receive. Users who participate in voting interactions will also be whitelisted for future airdrop eligibility.As of 12PM on July 26, 2024, the MEET48 event Dapp has become the number one social category Dapp on DappBay and ranked fifth in the social category on DappRadar.According to DappRadar data, MEET48’s event Dapp recorded 25.25 million on-chain transactions in the past 30 days, with 669.98K active user addresses (UAW). In DappBay’s statistics, MEET48’s event Dapp also performed excellently, with 25.62 million on-chain transactions and 647K users in the past 30 days.Currently, the MEET48 “2024 GIPR2” voting event Dapp has over 3 million registered users, and the total accumulated votes in the event have exceeded 10 million. These users, who joined through the airdrop, will eventually be integrated into MEET48’s intelligent social metaverse community through the MEET48 content ecosystem matrix products.With the final results of the “2024 GIPR2” voting airdrop event set to be announced on August 3rd, MEET48’s popularity is expected to continue rising. For those who have not yet participated, there is still an opportunity to complete tasks and earn points to join the airdrop event:About MEET48MEET48 currently boasts a technical and R&D team of 500 people, covering regional operations in Singapore, Hong Kong, Taipei, Tokyo, Seoul, and Dubai. This makes it one of the largest Web3 application project teams globally. MEET48 aims to achieve the mass adoption of Web3 technology by focusing on an AI UGC content ecosystem centered on AIGC (Animation, IDOL, GAME, and Comics) Gen Z trend entertainment content and a graphical, intelligent metaverse social base.For more information users can visit MEET48’s: Official Website | Twitter (X) | Telegram | DiscordContactMarketing DirectorSiyu YangMEET48siyu@meet48.comThis article was originally published on Chainwire More

Haven1, the REKT-resistant EVM Layer 1 blockchain, is pleased to announce a new strategic partnership with Blockdaemon, the leading institutional-grade blockchain infrastructure company. Blockdaemon will become a part of Haven1’s validator committee to secure the Haven1 network. This partnership significantly bolsters the security, operational efficiency, and overall resilience, while ensuring decentralization, as no single entity can control the Haven1 network.Haven1’s Proof-of-Authority (PoA) consensus mechanism is a key differentiator for the blockchain, prioritizing security and efficiency over energy-intensive Proof-of-Work (PoW) mechanisms, and the faceless Proof-of-Stake (PoS) consensus mechanisms. This consensus mechanism relies on a select group of seven highly trusted validators, making the reputation and reliability of these partners crucial for the network’s integrity. “We are excited to partner with Blockdaemon, a recognized leader in blockchain infrastructure,” said Jeff Owens, Co-Founder of Haven1. “Their expertise in node operations and commitment to security align perfectly with our vision for a robust and reliable Web3 ecosystem. This partnership is a testament to our dedication to building a blockchain that prioritizes both innovation and user protection.”“We are proud to join Haven1’s validator committee. Our advanced infrastructure and commitment to security will enhance Haven1’s network, ensuring its reliability and resilience. This collaboration underscores our shared dedication to building a secure and efficient blockchain ecosystem,” said Andrew Vranjes, Head of International and VP at Blockdaemon. Blockdaemon’s participation as a validator will bring significant benefits to the Haven1 network:For more information, please visit www.haven1.org, or contact: marketing@haven1.orgAbout Haven1Haven1 is the REKT-resistant EVM Layer 1 blockchain, engineered to address the critical challenges of security and liquidity in Web3. Through innovative solutions like the Haven1 Passport (POI), 2FA Wallet-Shield, AI-powered network monitoring, and a robust liquidity aggregation system, Haven1 is building a ‘SafeHaven’ ecosystem for everything onchain in Web3.Users can follow and engage with Haven1 on Haven1’s social media and community channels including:About BlockdaemonBlockdaemon powers the blockchain economy with its suite of industry-leading infrastructure solutions. We are a globally established, ISO-27001 certified partner with extensive protocol coverage, offering technical depth, industry-leading SLAs, 70+ global points of presence through 10+ cloud and bare metal providers, and 24/7 support for an unmatched institutional-grade experience. We provide integrated business solutions to exchanges, custodians, crypto platforms, financial institutions, and developers using our end-to-end suite of blockchain tools, including dedicated nodes, APIs, staking, liquid staking, MPC tech, and more. Blockdaemon provides its customers with the confidence to quickly and easily scale without compromising security or compliance. For more information visit: www.blockdaemon.comContactMarketingHaven1marketing@haven1.orgThis article was originally published on Chainwire More

The world’s largest crypto asset climbed more than 4.7% in the past 24 hours, trading at $67,346.0 as of 09:49 GMT.The upsurge helped BTC recover a part of its losses from earlier this week as crypto markets focused on Republican presidential nominee Donald Trump’s speech at the Bitcoin Conference this weekend. The positive sentiment spilled into crypto-related equities, with shares of MicroStrategy (MSTR) and MARA (MARA) rising more than 5% and 6%, respectively.Likewise, Riot Platforms (NASDAQ:RIOT) added 6%, Coinbase (NASDAQ:COIN) climbed 5%, and Cipher Mining (NASDAQ:CIFR) jumped 7%. Former President Trump is scheduled to deliver a keynote speech at the Bitcoin Conference in Nashville on Saturday. Recently, Trump has adopted a pro-crypto stance in his campaign efforts, and traders will be keen to see if he continues this rhetoric during his address. They are also hoping he will outline plans for clearer regulations in the U.S. crypto industry.Bitcoin saw a boost last week amid speculation about a potential Trump presidency, especially after he gained approval ratings following a failed assassination attempt. In addition, expectations for a Federal Reserve rate cut in September are growing. But for the most part, the premier cryptocurrency was facing significant selling pressure in recent weeks as investors moved away from risk-driven assets across global financial markets. This trend hit the highly speculative crypto sector particularly hard. The market pressure was partly driven by the ongoing repayments to creditors of Mt. Gox, a former cryptocurrency exchange that fell into bankruptcy nearly a decade ago. More

One of the most popular tap-to-play games on Telegram, Dotcoin, is launching on the Venom blockchain. Dotcoin, with over 20 million active users, finds the highly scalable Venom Network an ideal host for the game.Released earlier this year on the Telegram messaging app, Dotcoin allows players to tap-to-earn in-game currency through a simple interface featuring a single dot. The game’s interface is simple, featuring a single dot on the screen, which players can tap to earn the in-game currency. Recently, a number of Telegram-based games have exploded in popularity. Users have flocked to these games largely due to their simplicity and the opportunity to earn.Dotcoin boasts over 3.5 million daily users and over 20 million active users. However, given the massive user bases that Dotcoin and other games have acquired, hosting them on a blockchain network can prove a challenge. As a result, Dotcoin has decided to launch on Venom, a fast, infinitely scalable network designed to be able to adapt to and host high-load applications and platforms without it affecting network speed or security.Dotcoin is free to play and simple, making it one of the most accessible entry points for newcomers curious about the world of cryptocurrency and web3. Players are able to get started after just a few clicks and start accumulating in-game currency. Now, with the game being hosted on Venom, they will be able to explore the wide world of opportunities in the Venom ecosystem, including exchanges, NFT marketplaces, multi-network bridges, other games and much more.Dotcoin includes a referral program that allows players to earn more via boosts and other bonuses. Following its launch on Venom, Dotcoin will be releasing its native DTC token on the blockchain.With the addition of Dotcoin, the Venom blockchain will be fully integrated into the Dot gaming ecosystem, incorporating payment solutions and other blockchain mechanics. The team believes that given the game’s popularity and growing user base, this integration can increase network activity two to threefold. A marketplace of virtual products and applications tied to the game will also be established in the Venom ecosystem.Venom is a unique layer-0 and layer-1 network capable of seamlessly communicating and integrating with other independent networks thanks to Mesh technology. Venom consists of a masterchain responsible for the overall state, network consensus, and workchains, a limitless number of autonomous chains that carry user accounts, other smart contracts and decentralized applications.Mesh technology has enabled a revolutionary way of optimizing communication between these different chains that does not compromise the network’s speed or unparalleled scalability. With its technological stack ensuring fast finality, thorough security and stability, and easy usability, Venom makes an ideal network for hosting CBDCs and other massive platforms.For more information, users can visit: https://venom.foundationContactVenom Foundationmedia@venom.networkAbout DotcoinA Telegram-based tap-to-earn game where players can earn in-game currency by repeatedly tapping a single dot on screen. Users can also invite friends and complete tasks to boost their earnings. Free-to-play and elegantly simple, Dotcoin is highly accessible and has a massive user base. The game’s launch on Venom means full integration of the blockchain into the Dotcoin ecosystem, incorporating payment solutions and other blockchain mechanics. Dotcoin is set to release its native token, DTC, on the Venom blockchain.For more information, users can visit: https://dotcoin.botContactDotcoininfo@dotcoin.botThis article was originally published on Chainwire More

The last time the address “1a6Zn” was active before today was June 4, 2013. At that time, Bitcoin was trading at around $120 per BTC. Fast forward to 2024, and that amount of BTC will make its owner a handsome $50 million, which equates to a 53,583% return on that investment. Extrapolated over 11.2 years, that is 4,784% per year. Thus, after this ancient dormant whale came back to life, they transferred all the tokens to the “bc1qc” address. It remains a mystery. However, if we were to try to come up with reasons, one could be security measures. Over the years, Bitcoin custody standards have changed, and the transfer could indicate a shift from the older “1” address type to the more secure “bc1” address type.This is the latest such awakening in recent times, as July was fruitful in terms of inactive Bitcoin resurfacing. Many market participants see this as a bearish sign; after all, who would refuse to cash out at least part of a 53,583% gain? However, considering the fact that they have been holding their BTC for years, perhaps selling is not the case here.This article was originally published on U.Today More

Kintsu, an innovative liquid staking protocol, is thrilled to announce the successful completion of its $4 million seed funding round. The round was led by Castle Island Ventures, with additional support from prominent investors including Brevan Howard Digital, CMT Digital, Spartan Group, Breed VC, Arche Capital, CMS Holdings, Animoca Ventures, F-Prime Capital (a venture capital fund affiliated with FMR LLC, the parent company of Fidelity Investments), Reciprocal Ventures, and LBank Labs. Notable angels such as Marin Tvrdić from Lido and Robinson Burkey from Wormhole also participated in this round, alongside Chris Hermida from Switchboard, Alex Matthews & Ross Trachtman from Brevan Howard Digital, Geoff Renaud from Renaud Partners, and Sean Lippel from Fintech Collective.The category of “Liquid” Staking Protocols (“LST”) was heralded in largely by Ethereum. After the beacon chain first went live, genesis validators didn’t have the option to unstake for an unknown duration that amounted to over 1,000 days before the Merge was completed. Kintsu is indeed a “Liquid” Staking Protocol, but perhaps even more importantly, it is a “Composable” Staking Protocol.XContactJulia PortellyCW8 Communicationsjulia@cw8-communications.comThis article was originally published on Chainwire More

The Tanssi appchain infrastructure protocol has announced a significant collaboration with Grupo Flow, one of Brazil’s largest media ecosystems, boasting over 23 million subscribers across multiple platforms. As Grupo Flow transitions into the blockchain space with the creation of Flow Chain, this collaboration signifies a milestone. Tanssi will facilitate this move, not only bringing Grupo Flow’s vast community into the blockchain realm but also connecting them with Polkadot’s vibrant and interoperable ecosystem. This strategic integration ensures a robust, scalable infrastructure that will enhance user engagement, expand Grupo Flow’s audience reach, and open new monetization opportunities for content creators within the Flow Chain platform, leveraging both existing community strengths and new blockchain capabilities.Grupo Flow is a leading digital media ecosystem in Brazil, known for its vast reach and influence in the creator economy. With diverse ventures including creative hubs, software development, and audiovisual production, Grupo Flow has solidified its position as a key player in the Brazilian media landscape. Their platforms, such as the highly popular Flow Podcast, attract millions of followers and listeners, collectively achieving over 73 million views per month and amassing more than 23 million followers. As Grupo Flow transitions into the Polkadot blockchain space with Tanssi, they aim to enhance digital engagement, handle large-scale interactions, and seamlessly integrate advanced technology, all while maintaining their commitment to delivering an excellent user experience. This collaboration will help them strengthen their audience and tap into a new community of blockchain users, further enhancing their digital media ecosystem.Tanssi & Grupo Flow: Unlocking Blockchain Potential for Digital Media TransformationTanssi’s advanced blockchain infrastructure is crucial in facilitating Grupo Flow’s seamless transition to the blockchain space. Grupo Flow will launch its own application blockchain, Flow Chain, offering a dedicated and customizable environment tailored to their needs. This collaboration will enhance digital engagement through tokenized interactions and decentralized governance, allowing users to participate in content decisions, access exclusive events, and earn rewards. Tanssi’s scalable infrastructure will handle high volumes of transactions, ensuring efficient processing and maintaining a seamless user experience for Grupo Flow’s large and active community.By integrating with Polkadot’s interoperable ecosystem, Flow Chain will access a network of interconnected blockchains and leverage technologies like Moonbeam Routed Liquidity to expand into ecosystems such as Ethereum and Avalanche. This ensures robust security, consistent performance, and extensive growth opportunities. Tanssi’s infrastructure reduces transaction costs and opens up new revenue streams through staking rewards and tokenized assets. This strategic collaboration not only supports Grupo Flow’s transition to blockchain but also sets a new benchmark in the digital media industry by enhancing scalability, security, and user engagement.Looking Forward: Grupo Flow’s Next Steps with TanssiGrupo Flow is set to revolutionize the digital media landscape with the launch of Flow Houses, inspired by Soho Houses, known for their exclusive memberships and luxurious amenities. This platform will offer unique, tokenized access to high-end venues and events through blockchain technology, showcasing Grupo Flow’s commitment to pioneering new experiences in the media sector. The upcoming launch of Grupo Flow on Tanssi Mainnet later this year marks one of the largest blockchain integrations by an online media group in Brazil, leveraging the scalability and efficiency of Tanssi’s infrastructure and benefiting from Polkadot’s interoperable ecosystem. For those interested in expanding their project to the blockchain space, Tanssi offers a straightforward, code-free application chain deployment platform. Explore and launch your project today at apps.tanssi.network.About Tanssi NetworkTanssi’s appchain infrastructure protocol is designed to simplify and accelerate the deployment of appchains. By connecting a chain to Tanssi, it is instantly transformed into a modular appchain. This transition grants access to a developer-friendly and permissionless environment, fully stocked with all essential infrastructural components to run a chain right out of the box. Key features include a shared and decentralized network of block producers, ensuring robust security and data retrievability, alongside seamless integrations with vital tools like bridges, wallets, block explorers, RPC (NYSE:RES) endpoints, indexers, oracles, and more. As a result, appchains can be deployed in just minutes—a significant improvement over the typical months-long process. Learn more at tanssi.network.About Grupo FlowGrupo Flow operates as a comprehensive media ecosystem, focusing on the creator economy with ventures in technology, content, media, production, and advertising. Central to the group is Estudios Flow, a creative hub housing over 30 creators dedicated to fostering dialogue, plurality, and transparency. Producing over 70 hours of content weekly across various formats and niches, Estudios Flow aims to build community ties nationwide. The ecosystem also includes Flow S.A., Flow Games, Flow News, Flow Sport Club, Venus, Ciência Sem Fim, Amplifica, the digital agency Golden Pill, software house WolfVision, and Flow Labs, specializing in audiovisual productions. The initiative traces back to the influential Flow, launched by Igor Coelho, a trailblazer in Brazil’s videocast arena. Learn more at linkedin.com/company/flow-grupo.ContactCMOKatherine Quilca BarcelliMoondance Labskathy@moondancelabs.comThis article was originally published on Chainwire More

The ‘Web3 Shopify (NYSE:SHOP) of Social’ hits 30,000 onchain users in 2 weeks as the first app goes liveOpenSocial Protocol, a composable infrastructure layer for building social applications, announced today a $6 million strategic backing led by Framework Ventures and North Island Ventures, with participation from other investors including Hivemind Capital Partners, Stratos, Moonrock Capital, Chorus One, HV Capital, X Ventures, Gate Labs, Panga Capital, Aspen Digital; and super angels like Jordi Alexander (Selini Capital), Sreeram Kannan (EigenLayer), Luca Netz (Pudgy Penguins), Sandeep Nailwal (Polygon Labs), Yaoqi (Altlayer), Robinson Burkey (Wormhole Foundation), Gabby Dizon (YGG), Mik Naayem (Dapper Labs), Cygaar (Abstract), Regan Bozman (Lattice (OTC:LTTC) Capital), Muddy Water and more. Built by Everest Ventures Group, a leading Web3 operating group in Asia focused on consumer applications, OpenSocial Protocol provides open-source, multichain social application infrastructure tools that enable users and communities to build social decentralized applications (dApps) without coding experience. This is a vision that OpenSocial stands by as it helps to lower the barriers of entry for users who are looking to create their own community app. Along with the $5 million seed funding round and $15 million in OpenSocial Protocol ecosystem funds raised previously, OpenSocial Protocol now has $26 million in funding to support the protocol’s development. Earlier investors include Portal Ventures, Animoca Brands, OKX Ventures, and renowned Web3 entrepreneurs include Smokey the Bera (Berachain), Jason Yano (Blockworks), Roham Gharegozlou (Dapper Labs), Brian Fabian Crain (Chorus One), Mike Dudas (6th Man Ventures) and more. OpenSocial Protocol aims to onboard thousands of apps by providing infrastructure and a customizable user interface layer, ensuring true ownership of intellectual property and community relationships, and offering better-aligned monetization and financial incentives for communities and users. It is building the necessary open-source infrastructure to enable the largest multichain community economy by solving three key challenges: user retention, spam bot prevention, and user growth beyond the crypto-centric audience.SoMon (short for Social Monster), a Reddit-like forum built to empower communities with true ownership, became the first app to launch on OpenSocial Protocol on June 19 with over 30,000 onchain active users, an average engagement time close to 20 minutes and over 300,000 onchain transactions, excluding spam bots, in just two weeks, solving one of the key challenges in any social media platform.Another app that is launching on OpenSocial is Zeek, a social collaboration network that allows users to harness the value of their community-building networks through onchain social bounty mechanics and reputation building. In June, Zeek completed its own $3 million fundraise. OpenSocial: Enabling scalable, multichain social apps without coding experienceOpenSocial Protocol’s modular design with easy-to-deploy social tools on a multichain approach enables creators and communities to compose apps quickly and economically. Features are either on-chain or off-chain and include feed, chatroom, text/video/audio/posts, comments, reactions, voting, share, on-chain social graphs (social data and structure), tribes (user and topic-based communities), megaphones (advertising engine), as well as plug-ins (token issuance, DAO tools, betting, voting, bounties, matching, mini-games).By embedding social functionalities into the core experience across different verticals, onchain social helps break down silos and enables greater connectivity and engagement across the entire ecosystem. “We believe social has the potential to be a major catalyst for mainstream consumer adoption. Every creator and community builder should be owners and entrepreneurs,” Ng added.EVG has also deployed 80 developers and builders to develop the infrastructure for onboarding thousands of community apps with just a few clicks. By actively working with early adopters to integrate thriving communities, redefine data sovereignty, and implement sustainable economic incentives, OpenSocial is paving the way for a future where anyone can cultivate meaningful yet sustainable social connections and true social data ownership.About OpenSocial ProtocolOpenSocial Protocol (OpenSocial) is a multichain Social infrastructure empowering creators to effortlessly build community apps. Leveraging its robust social graph and modular design, OpenSocial enables transparent content promotion to specific user groups, ensuring fair value distribution among all stakeholders. OpenSocial offers one of the best data, tooling, and financial layer, and its vision is to enable the largest multichain community economy. OpenSocial Protocol is founded by Everest Ventures Group.Website: www.opensocial.co Twitter: https://twitter.com/OpenSocialLabsMedia contact: Gemma Lo / gemma@opensocial.co About Everest Ventures GroupFounded in 2018, Everest Ventures Group (EVG) is a Web3 operating group driving mass adoption of Web3 by building products with real use cases that are set to onboard the next million users.Headquartered in Hong Kong with a global team of over 300 individuals, EVG has built and launched 15+ products across Social (OpenSocial Protocol, SoMon, Zeek), Gaming & Culture (Mugen Interactive, Legend of Arcadia, Last Odyssey, LiveArt) and FinTech (Aspen Digital). As an early investor and lead advisor, EVG has contributed to 10+ unicorns and 150+ defining projects such as Celestia, Berachain, Wormhole, Dapper Labs (Flow), Animoca Brands, Immutable, The Sandbox, Yuga Labs, Kraken, Lukka, Dunamu and Blocklords.Website: https://www.evg.co/Twitter: https://twitter.com/EVGHQ/ Disclosures: Information contained herein is accurate as of the date of publication and is subject to change. This is not investment advice and readers should not construe discussion of any particular organization as a recommendation to purchase or sell, or a solicitation of an offer to purchase or sell, any securities or digital assets related to such organization.ContactPR ManagerKelvin YeoEverest Ventures Groupkelvin.yeo@evg.coThis article was originally published on Chainwire More