‘Web3 offers us the promise to rearchitect the internet,’ says NFT.com Founder Jordan Fried
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Nonfungible tokens (NFTs) experienced a record-breaking year throughout 2021 in which sales volumes surpassed $14 billion, avatar collectibles permeated the mainstream market to become cultural status symbols, and avant-garde utility sparked innovative Web3 opportunities for a panoply of industries.
Despite a retracement in financial and emotional fortunes in the opening quarter of 2022, expectations within the NFT community are reigniting for the impending schedule of calendar events such as the launch of Coinbase’s public NFT platform, and the potential for OpenSea and MetaMask tokens.
In an exclusive interview with Jordan Fried, the CEO of Immutable Holdings and Founder of NFT.com, Cointelegraph learned Fried’s perspective on Buffett’s impact on Web3 ideologies, the imminent release of NFT.com, as well as the usage of Hedera’s consensus service to track the minting of profiles.
Fried has been active in the cryptocurrency space since 2012, utilizing Bitcoin as a payment method in a VPN business, and later as a core member of the founding team at distributed ledger technology Hedera Hashgraph, personally recruiting Google, IBM, Boeing, LG Electronics to join the Hedera Governing Council.
Just over a year ago, he founded Immutable Holdings, a blockchain management company which now operates with over $80 million in assets under management (AUM) and holds the ambition of “democratizing access to blockchain technology.”
Citing the prohibitive access of many traditional markets whereby accredited investors operate in walled-garden capital raises, Fried defined that his vision for Immutable Holdings is to facilitate greater accessibility for retail participants, coupled with an aspiration to scale the business into the Berkshire Hathaway of the blockchain industry.
On Sept. 28, Immutable Holdings became publicly tradable on the NEO Canadian stock exchange under the ticker HOLD, and currently registers a value of CAD$1.35.
Early in the conversation, Fried expressed a bold prediction — which echoed Coinbase CEO Brian Armstrong’s comment in a recent conversation regarding the platform’s NFT marketplace launch — that NFT’s have demonstrated the financial potential to eclipse the value of crypto assets in the coming years.
“Everything that we own in the physical verse and metaverse is going to be represented in the form of an NFT. So, if you were to sum that aggregate value, it will likely be much more than the $1.9 trillion worth of coins that are circulating on CMC today.”
Consistently publicising his avidity to emulate the successes of Warren Buffett, Fried recognized his legacy investment prowess, but candidly criticized his lack of receptiveness towards technological evolution, stating:
“No disrespect to the oracle of Omaha, but that man has missed every single technological wave of his lifetime. He is one of the best investors of our generation, but when it comes to Bitcoin and blockchain, he just hasn’t spent enough time with it.”
Fried’s latest venture, NFT.com is a decentralized platform for creators, artists and collectors to trade and distribute value of NFTs, engage in digital discourse, as well as operate and participate in a community-governed ecosystem – Fried even thinks of himself not as NFT.com’s CEO but as its ‘chief decentralization officer’.
Commencing with an inaugural NFT release, the platform will include: profile name NFTs and a web3 social network, a cross-chain data hub consisting of rankings, leaderboards and data statistics on a litany of NFT collections — akin to a CoinMarketCap of NFTs — and a peer-to-peer marketplace.
Collectively, these services will seek to support the overarching ambition of becoming a fully comprehensive headquarters for all-things nonfungible.
If you’re not part of a DAO right now don’t worry; by this time next year you will be.
As an entrepreneur who has thrived during the previous two iterations of the web, Fried places significant emphasis on the potential for Web3 to “rearchitect the internet” through the concerted formation of blockchain-powered DAOs, which he believes are two-to-three years behind the curve of NFTs in terms of consumer recognition and engagement.
“We want to decentralize NFT.com over time by inviting the community to become leaders – where it’s the community of creators, artists and users who will help shape the future of the platform.”
Related: Coinbase announces beta of NFT marketplace with social engagement
A flurry of recent appointments, including Jeanna Liu as Chief Operating Officer to Immutable Holdings, and Balaji Srinivasan as a Strategic Advisor to NFT.com, were sought to strengthen the team’s expertise.
Pre-existing partners of NFT.com include Shark Tank tycoon, Kevin O’Leary and Snoop Dog under his NFT pseudonym, Cozomo de’ Medici, and Logan and Jake Paul, among others.
.@Hedera is a Top 10 network. It’s only a matter of time.
— Jordan Fried (nft.com ) (@jordanfried) May 14, 2021
When questioned whether the platform will be built upon Hedera, as many community participants have rumoured due to his contiguous relation to the network, Fried declared that while his vision is for a multi-protocol world, he exclusively revealed that “we are launching first and foremost on the Ethereum network because there’s over 200 million accounts, and that’s where users are.”
“The way that we’ll govern NFT.com is through genesis key holders, so if you have a favourite NFT protocol, the best way to ensure that it gets integrated is to [acquire] a genesis key and vote on which protocols we should consider integrating with.”
Despite the user profiles and genesis keys existing on Ethereum, the Hedera consensus service was implemented to ensure fairness and enhance traceability of the profile minting process.
Asserting the importance of supporting NFTs wherever they exist in Web3, he speculated that Hedera, Solana, and Polkadot could be destined for future integrations based upon their popularity, as well as disclosing his own intentions to deploy his single vote for the inclusion of Hedera in democratic snapshot proposals.
“I really want your NFT.com profile to be your address in a digital world where people can come and visit you. It’s a destination, your web3 homeplace, a metaphysical experience where the physical verse and metaverse collide.”
Gas-to-Bitcoin Mining Firm Crusoe Energy Systems Raises $505 Million – Mining Bitcoin News
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On Thursday, the bitcoin mining and flare gas mitigation firm Crusoe Energy Systems Inc. revealed it secured $505 million in new capital from strategic investors. According to the announcement, the Series C equity funding round was led by the climate technology venture capital firm G2 Venture Partners (G2VP).
Crusoe Energy Systems Secures $505 Million From Strategic Investors
Following the report that said Crusoe Energy Systems was working on a gas-to-bitcoin mining pilot with the gas giant Exxon, Crusoe has announced the company has raised $505 million in new funding. The Series C financing round was led by G2 Venture Partners (G2VP) and the latest funding brings Crusoe’s total capital raised to $747.5 million.
The Series C announced on Thursday closed at $350 million, but Crusoe also secured credit facilities that are expandable up to $155 million. Crusoe says the new capital will accelerate the company’s mission to “align the future of computing with the future of the climate.”
In addition to G2VP, the firms Valor Equity Partners, Lowercarbon Capital, Polychain Capital, Bain Capital Ventures, Founders Fund, MCJ Collective, Winklevoss Capital, Zigg Capital, DRW Venture Capital, Atreides Management, Exor Seeds, CMT Digital, and Upper90 participated as well. New investors in Crusoe include Robert Downey Jr.’s Footprint Coalition Ventures, Inclusive Capital Partners, Engine No. 1, Tao Capital, Felicis Ventures, Castle Island Ventures, and Mitsui & Co.
Crusoe’s Data Facilities ‘Prevented an Estimated 2.5 Billion Cubic Feet of Flaring’
The Series C and credit facilities will allow Crusoe to deploy large-scale bitcoin mining and cloud computing operations. The funding will also “propel expansion of [Crusoe’s] Digital Flare Mitigation within the United States and internationally,” the company said. Presently, Crusoe manages 86 Digital Flare Mitigation facilities and the company estimates a lot of carbon is removed from the atmosphere.
“[Crusoe’s] data centers have prevented an estimated 2.5 billion cubic feet of flaring and achieve up to 99.89% elimination of methane emissions, whereas flares typically emit a significant amount of uncombusted methane, a potent greenhouse gas that traps 82.5 times more heat than CO2 over a 20-year timeframe.” Ben Kortlang, a partner at G2 Venture Partners says that the elimination of carbon emissions is extremely helpful toward affecting climate change.
“Eliminating methane emissions from flaring is an immediately actionable and impactful step toward mitigating climate change. Crusoe’s technology converts stranded gas into valuable computing resources,” Kortlang said in a statement. “After a deep dive into flare mitigation and modular data center technologies, we concluded that Crusoe is the clear leader in scale, operational excellence, talent, vision and proven commitment to environmental standards.”
Meanwhile, Crusoe is not the only bitcoin mining and flare gas mitigation firm. Other companies offering gas-to-bitcoin solutions include Greenidge Generation, Upstream Data, and EZ Blockchain. For instance, the company EZ Blockchain revealed last May that the company was working on a gas-to-bitcoin solution with an oil and gas provider from Texas, Silver Energy.
Tags in this story
Ben Kortlang, Bitcoin mining, Bitcoin mining data centers, BTC Mining, BTC Mining operations, Carbon, climate change, Crusoe Energy Systems, Crusoe’s technology, EZ Blockchain, Flare, Flare Gas, flaring, G2 Venture Partners, Gas, gas-to-bitcoin solution, Greenidge Generation, large-scale bitcoin mining, Upstream Data
What do you think about Crusoe Energy Systems raising $505 million from strategic investors? Let us know what you think about this subject in the comments section below.
Jamie Redman
Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about the disruptive protocols emerging today.
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Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Bezoge Earth Reveals The Legends of Bezogia Full Theatrical Trailer – Sponsored Bitcoin News
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Bezoge Earth, the creators of The Legends of Bezogia are thrilled to release the full theatrical trailer for their upcoming crypto-based MMORPG game where players from all around the world can come together and experience the wild and wonderful world of Bezogia.
The Biggest Play & Earn Game You’ve Never Heard of
The Legends of Bezogia, the land where everything always goes up, is an open-world MMORPG metaverse game where players can summon their own unique Bezogi NFT characters from a selection of eight different breeds by summoning in-game. Each unique to their own playstyles and lore, Bezogi pillage, mint, summon and explore the epic lands of Bezogia.
The trailer highlights all of the breeds playable within the Legends of Bezogia giving viewers a hint into their background and play style showcasing some of their key skills and traits. Produced and edited in the typical light-hearted & comical fashion, The Legends of Bezogia is expected to shake up the crypto gaming world with top-notch graphics, a rich story experience, hilarious crypto memes and an epic world for gamers to get lost in.
The Future of the Crypto Gaming Industry
With a full in-house team of over 30 people, The Legends of Bezogia aims to set a new standard in the crypto gaming world. The Legends of Bezogia is expected to take the industry by storm and the trailer is a clear indication of just how far ahead it is ahead of the competition.
Exciting Game Updates
With the Alpha signup now live, adventure-packed quests are being added to the game’s content along with magical blocks, a new crypto token which can be used in-game to mint items, summon Bezogi characters, enter PVP arenas and various other in-game activities which will be announced in up-coming updates & via social media. Additionally, the Bezoge team will hold a weekly Ask Me Anything (AMA) where all the latest game updates are discussed openly with the community. Some of the latest updates include influencer partnerships, guild partnerships & weekly 100 billion $Bezoge giveaways.
In-Game Tokens
Bezoge Earth ($BEZOGE) – Governance token of the project which can be used in-game to:
Gain rewards and royalties from in-game transactions on-chain.
Discounted minting of items & NFTs
In-game benefits.
XP boosts.
Magical Blocks ($MBLK) – Can be used in-game to:
Mint items.
Summon bezogi characters.
Enter PVP arenas.
Other in-game transactions.
Not yet released, coming very soon.
$BEZOGE tokens can be purchased on the following exchanges:
For more information on The Legends of Bezogia please visit
Press Contact
press@bezoge.com / Carrie Shuffield
About Bezoge Earth:
Founded in 2021, Bezoge Earth, under the game title of The Legends of Bezogia is an emerging Crypto based MMOPRG Play & Earn Blockchain Game, available in Alpha on PC & Android-based devices, with the full global release planned in Q3 2022.
Bezoge Earth’s portfolio of products begins with Legends of Bezogia, the first crypto game for non-crypto people, alongside the $Bezoge token and Bezogi/Petzogi NFT’s. Bezoge Earth’s products are designed for maximum functionality working cross-chain with cutting edge technology representing the future of the crypto gaming industry.
With “The First Crypto Game for Non-Crypto People ” as its brand essence, Bezoge Earth aims to empower today’s crypto gaming community by breaking down complicated barriers to entry into the crypto gaming metaverse. Bezoge Earth aims to shake up the industry by making it accessible and fun for everyone combining rich and exciting lore, thrilling game mechanics and flexible playstyle options to appeal to anyone who wants to dive in and play.
The Bezoge Earth team works worldwide, covering Asia, Europe, Latin America, the Middle East, and the United States. Expanding at a phenomenal rate, the Bezoge Earth team now employs more than 40 in-house team members, working decisively on blockchain development, game development, 3D design, 2D design, marketing, corporate development and more. Bezoge Earth has huge plans to become the No.1 flagship MMORPG globally on all devices with strong value propositions including Play & Earn, NFT Smart Functionality and most importantly, a totally enthralling backstory.
For more information on Bezoge Earth, please visit:
Link to Press:
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What Sell Pressure? Bitcoin Exchange Reserves Hit 4-Year Low
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Bitcoin has started a recent downtrend that is threatening its position above the coveted $40,000 level. This is presumed to be caused by major sell-offs in the market. However, exchange metrics continue to show that this is not entirely the case. Exchange balances have been plummeting for the past year pointing towards massive accumulation trends and this has come to a head after bitcoin exchange balances have touched a new 4-year low.
Exchange Balances Plummet
It is no secret that the bitcoin being left on centralized exchanges has been declining. However, the margin by which this has been on the decline is more important. Even during times when the price of bitcoin had been on a recovery trend and headed into a bull market, exchange balances continued to plummet. The result of this has been exchange balances hitting a new low, currently sitting at a four-year low.
Related Reading | Why A “Boring” Bitcoin Could Be A Good Thing
This comes from months of consistent outflows that have been the order of the day. Even when bitcoin had reclaimed its position above $40,000 on several occasions, exchange outflows continued to surpass inflows, leading to the decline in the balances.
One of the most prominent outflows was recorded on April 14th when more than 25K bitcoin valued at $1.9 billion left centralized exchanges in a single day. The decline to 4-year lows was made public by on-chain data aggregation firm CryptoQuant in a tweet on Thursday.
$BTC Spot Exchanges’ Reserve hits over a 4-year low
Despite hitting a new low, bitcoin investors are not letting up in their outflow activities. Wednesday, April 20th saw bitcoin outflows touch as high as $1.3 billion, continuing the same trend as that recorded on April 15th.
Related Reading | Bitcoin Falls Back To $40,000 As Fed Mulls Faster Rate Bumps
This carried on into Friday with a total of $1.7 billion in outflow already recorded for the digital asset in the last 24 hours. As the weekend draws close, a time when volatility can be quite low, the market may see the pioneer digital asset recover above $42,000 once more.
📊 Daily On-Chain Exchange Flow#Bitcoin$BTC ➡️ $1.4B in ⬅️ $1.7B out 📉 Net flow: -$315.5M#Ethereum$ETH ➡️ $557.2M in ⬅️ $524.1M out 📈 Net flow: +$33.1M#Tether (ERC20) $USDT ➡️ $647.2M in ⬅️ $668.5M out 📉 Net flow: -$21.4M
The rate at which BTC is leaving exchanges suggests one thing and that is that investors are accumulating their cryptocurrencies. This has already been the case among whales but it seems like smaller investors are beginning to follow the same path.
Featured image from IG, chart from TradingView.com
In 2021, the worldwide crypto market capitalization surpassed $3 trillion, with lots of space for further expansion. Web 3.0 emerged as one of the new buzzwords in the crypto industry after the metaverse grabbed the internet by storm. While web 1.0 and web 2.0 aided in the growth of the internet, web 3.0 is more adventurous and focused on decentralization by giving users the ability to control their data. But, exactly, What is Web 3.0, and which are the best web 3.0 crypto coins to buy in 2022
Let’s jump right in!
What Is Web 3.0
Web 3.0 is one of the newest buzzwords for the internet’s next major evolution. Web 1.0 took place between 1990 – 2004, when the majority of websites were static and created by corporations. During this period, many who recognized an opportunity purchased domain names with the intention of selling them later at a higher price to enterprises in need of these domains.
Web 2.0 was the period of social media and user-generated content. Users are encouraged to communicate and connect using social media platforms such as blogs, vlogs, and social media, which have since become popular. The transition results in a greater amount of content creation with the majority of data controlled by a smaller set of tech behemoths such as Google, Microsoft, and Facebook. This also led to the topic of whether or not the user’s privacy is secure?
Web 3.0 focuses on decentralization, which is driven by the concept of peer-to-peer internet solutions, in which users have a choice over how their data is utilized. Web 3.0 is expected to improve data openness and content accessibility by depending on blockchain technology, as various applications and services begin to use blockchain technology, metaverse, and artificial intelligence (AI). The adoption of this technology helps to eliminate the need for a centralized authority to store data and helps to maintain security through widespread consensus. Essentially, Web 3.0 seeks to re-establish control in the hands of individuals – its users — rather than large corporations.
How Web 3.0 and the Metaverse Interoperability Works
According to Web 3.0, user interactivity and scalability are critical to facilitating user operations. To be really useful, Web 3.0 must satisfy three key features: decentralization, scalability, and security. The development of NFTs, in which users engage with one another through virtual reality technology, demonstrates the interoperability of Web 3.0 and Metaverse, while Web 3.0 facilitates trade and communication.
Because Web 3.0 is a collection of apps on a decentralized platform, interoperability can be achieved by connecting apps with the metaverse concept. Decentraland MANA, for example, provides an open link enabling a global network of users to administer a shared virtual environment by purchasing and selling digital real estate. To begin, users must buy LAND to identify ownership of their land, which represents their digital real estate. The MANA, on the other hand, is used to facilitate the purchase of LAND and products in Decentraland. The marketplace allows users to swap LAND tokens and simplifies user interactions to transact in-game items.
Top 10 Web 3.0 Coins
1. THETA (THETA)
Market Cap: $3.2B
Theta is similar to Airbnb for video streaming. On this Platform, viewers earn rewards for sharing extra bandwidth and computing resources. According to Steve Chen, co-founder of YouTube, Theta will disrupt the online video industry in the same manner that YouTube did in 2005, but in a different way. Theta solves the problem of delivering video to specific portions of the world by lowering costs while maintaining quality. As Theta feels it is critical to delivering high-quality streaming to all users.
When users share their bandwidth and computational resources, they are rewarded with the Theta Fuel token (TFUEL). The normal Theta token (THETA) is tied to the platform’s governance. Another advantage of Theta is that it is an open-source platform, which allows for community innovation. Proof of stake (PoS) and multi-level Byzantine fault tolerance (BFT) consensus mechanisms are used to protect the network.
2. Helium (HNT)
Market Cap: $2.0B
Helium is a decentralized wireless network. It enables Internet of Things (IoT) devices to connect to the Internet wirelessly and geolocate themselves without the need for satellite positioning hardware or cellular plans.
HNT is the native token of the network, which is powered by a blockchain. This token encourages a two-way marketplace between service providers and users.
Hotspots combine a wireless gateway with a miner to offer network coverage within a specific radius. HNT is mined by hotspots as well. Helium employs a consensus technique known as proof-of-coverage.
3. Polkadot (DOT)
Market Cap: $21.3B
Polkadot is a decentralized project that provides a Layer 0 solution known as “Relay Chain,” which is known to boost scalability, as well as a Layer 1 solution known as “Parachain,” which functions as a bridge between chains.
Gavin Wood, the Co-founder of Ethereum, launched Polkadot. Its native coin, DOT, is used for governance and in parachain slot auctions. There are just a few parachain spaces available in Polkadot. Developers compete in auctions to acquire the privilege to build on Polkadot by locking up DOT tokens.
4. Filecoin (FIL)
Market Cap: $4.0B
Filecoin (FIL) is a decentralized marketplace for cloud storage. A wide number of storage providers and developers power the network, which assists organizations and projects in finding cost-effective, decentralized, and secure data storage solutions. Filecoin is commonly used for the storing of big archives, NFTs, and frequently accessed data.
The majority of storage providers on the Filecoin network have “committed” to providing data center resources by investing in hardware and depositing collateral to ensure service quality, data availability, and long-term data reliability. Its native token, FIL, is used to pay storage providers for data storage and retrieval.
5. Chainlink (LINK):
Market Cap: $6.7B
Chainlink is a decentralized oracle network that relays data to smart contracts, allowing contracts to be executed using real-world inputs and outputs. Sergey Nazarov and Steve Ellis launched the network in 2017. It swiftly became the market leader in the blockchain oracle area.
Web3, which is structured and maintained by pre-written programs and smart contracts, relies on Oracle networks like Chainlink to function. Users can create decentralized oracle networks (DONs) on Chainlink to distribute data to and from current blockchains while also ensuring data accuracy.
Its native token, LINK, is used to reward Chainlink node operators for fetching data from off-chain data feeds for smart contracts, converting data into blockchain-readable forms, off-chain computing, and uptime guarantees provided by operators. Chainlink is also developing a robust staking mechanism for its network.
6. Siacoin (SC)
Market Cap: $542.7M
Sia is a blockchain-based decentralized cloud storage platform that allows users to lease excess storage space on the network. Smart contracts are used to facilitate network transactions. The native token of the blockchain SC (Siacoin) is the currency used to pay for data storage on the network.
Sia’s initial whitepaper said that the network’s purpose was to compete with established storage solutions such as Amazon, Google, and Microsoft. Because of its decentralized nature, Sia has an advantage over its competitors in terms of storage rates.
7. Audius (AUDIO)
Market Cap: $808.4M
Audius is a music streaming platform that aims to provide everyone with the freedom to distribute, monetize, and stream any audio content.
The native token, AUDIO, enables network security, unique feature access, and community-owned governance.
Musicians can use Audius to publish their songs and establish a fan following. When artists stake AUDIO, they gain access to badges and artist tokens, as well as voting power from their followers. Audius is supported by artists such as 3LAU,deadmau5, Rezz, and the Stafford Brothers. This platform provides 320 kbps high-quality audio streaming.
The Audius project has announced a partnership with TikTok, a streaming platform, with plans to integrate stablecoin on the network in the future to enable sponsored content.
8. The Graph (GRT)
Market Cap: $2.5B
The graph is an important decentralized protocol. In the DeFi world, the goal is to introduce a trustworthy decentralized public infrastructure to the mainstream market. It enables network users to create and publish an application programming interface (API), which is a workflow process that conceals complex code behind a simple API.
APIs are subgraphs in graph protocols, and they employ a specific query to retrieve data from a blockchain. The graph token (GRT) is used by graph network participants to secure the network’s economic security. GRT is a work token that enables a community of stakeholders to deliver network indexing and curation services.
9. Arweave (AR):
Market Cap: $1.5B
Arweave describes itself as a jointly owned hard drive that never forgets. It allows for permanent data storage for a one-time fee.
Arweave (AR) is a decentralized storage network that allows for indefinite data storage. At its core is the ‘permaweb’ — a permanent, decentralized web with applications and platforms such as UI hosting, database writes and queries, and smart contracts.
The network employs blockweave technology, a blockchain variant that connects a new block not just to the previous one but also to a random preceding block. Coinbase Ventures, Andreessen Horowitz, and Union Square Ventures have all invested in the network.
10. Kadena (KDA)
Market Cap: $950.5M
The purpose of this platform is to power global financial systems. Kadena offers more secure smart contracts, as well as unique energy efficiency and PoS security. Unlike many other platforms, Kadena continues to utilize the same amount of energy as network demand grows. It can handle up to 480,000 transactions per second (TPS) due to the usage of braided chains. The protocol scales to larger processing powers as additional chains are added.
The KDA token is used to process transactions on the Kadena blockchain. There are 1 billion KDA in total, which will be mined during a 120-year period.
How to Buy Web 3.0 Coins on CoinStats
Sign up for a free CoinStats trading account to invest in web 3.0 coins with a credit or debit card. To buy any web 3.0 coins listed above with the CoinStats app, follow the steps listed below:
Sign up for an account with CoinStats using your email address or by checking in with Coinbase; you can also use SSO.
Verify your account. You must supply a national ID to authenticate your identity in order to comply with KYC requirements (and also aid in improving account security).
Sign in using your credentials, then search for the token you wish to buy in the search box and tap on that token.
You will see the current market price of your selected web 3.0 coin. After doing your research proceed to buy that coin. CoinStats will provide you with two options: Buy or Sell. Choose “Buy” from the menu and input the desired quantity you wish to purchase of that coins and in a matter of few seconds the coins will arrive in your wallet.
If you plan to store your freshly acquired coins for more than a month, make sure to move them as quickly as possible to a secure hardware wallet.
Closing Thoughts
Web 3.0 coins, metaverse coins, and NFTs are some of the biggest opportunities in the crypto market for 2022 and the years ahead. The internet is becoming increasingly decentralized, with artificial intelligence and virtual reality being integrated into the experience. More people are also adopting blockchain technology.
We feel the 10 tokens listed above are the best tokens you can invest in right now if you want to promote Web 3.0 and the crypto market while also giving yourself a chance to make a lucrative profit.
Investment Advice Disclaimer: The information contained on this website is provided to you solely for informational purposes and does not constitute a recommendation by CoinStats to buy, sell, or hold any securities, financial product, or instrument mentioned in the content, nor does it constitute investment advice, financial advice, trading advice, or any other type of advice.
Cryptocurrency is a highly volatile market and sensitive to secondary activity, do your independent research, obtain your own advice, and only invest what you can afford to lose. There are significant risks involved in trading CFDs, stocks, and cryptocurrencies. Between 74-and 89% of retail investor accounts lose money when trading CFDs. You should consider your circumstances and obtain your advice before making any investment. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant regulators’ websites
In 2021, the worldwide crypto market capitalization surpassed $3 trillion, with lots of space for further expansion. Web 3.0 emerged as one of the new buzzwords in the crypto industry after the metaverse grabbed the internet by storm. While web 1.0 and web 2.0 aided in the growth of the internet, web 3.0 is more adventurous and focused on decentralization by giving users the ability to control their data. But, exactly, What is Web 3.0, and which are the best web 3.0 crypto coins to buy in 2022
Let’s jump right in!
What is Web 3.0
Web 3.0 is one of the newest buzzwords for the internet’s next major evolution. Web 1.0 took place between 1990 – 2004, when the majority of websites were static and created by corporations. During this period, many who recognized an opportunity purchased domain names with the intention of selling them later at a higher price to enterprises in need of these domains.
Web 2.0 was the period of social media and user-generated content. Users are encouraged to communicate and connect using social media platforms such as blogs, vlogs, and social media, which have since become popular. The transition results in a greater amount of content creation with the majority of data controlled by a smaller set of tech behemoths such as Google, Microsoft, and Facebook. This also led to the topic of whether or not the user’s privacy is secure?
Web 3.0 focuses on decentralization, which is driven by the concept of peer-to-peer internet solutions, in which users have a choice over how their data is utilized. Web 3.0 is expected to improve data openness and content accessibility by depending on blockchain technology, as various applications and services begin to use blockchain technology, metaverse, and artificial intelligence (AI). The adoption of this technology helps to eliminate the need for a centralized authority to store data and helps to maintain security through widespread consensus. Essentially, Web 3.0 seeks to re-establish control in the hands of individuals – its users — rather than large corporations.
How Web 3.0 and the Metaverse Interoperability Works
According to Web 3.0, user interactivity and scalability are critical to facilitating user operations. To be really useful, Web 3.0 must satisfy three key features: decentralization, scalability, and security. The development of NFTs, in which users engage with one another through virtual reality technology, demonstrates the interoperability of Web 3.0 and Metaverse, while Web 3.0 facilitates trade and communication.
Because Web 3.0 is a collection of apps on a decentralized platform, interoperability can be achieved by connecting apps with the metaverse concept. Decentraland MANA, for example, provides an open link enabling a global network of users to administer a shared virtual environment by purchasing and selling digital real estate. To begin, users must buy LAND to identify ownership of their land, which represents their digital real estate. The MANA, on the other hand, is used to facilitate the purchase of LAND and products in Decentraland. The marketplace allows users to swap LAND tokens and simplifies user interactions to transact in-game items.
Top 10 Web 3.0 Coins
1. THETA (THETA)
Market Cap: $3.2B
Theta is similar to Airbnb for video streaming. On this Platform, viewers earn rewards for sharing extra bandwidth and computing resources. According to Steve Chen, co-founder of YouTube, Theta will disrupt the online video industry in the same manner that YouTube did in 2005, but in a different way. Theta solves the problem of delivering video to specific portions of the world by lowering costs while maintaining quality. As Theta feels it is critical to delivering high-quality streaming to all users.
Theta Network price page
When users share their bandwidth and computational resources, they are rewarded with the Theta Fuel token (TFUEL). The normal Theta token (THETA) is tied to the platform’s governance. Another advantage of Theta is that it is an open-source platform, which allows for community innovation. Proof of stake (PoS) and multi-level Byzantine fault tolerance (BFT) consensus mechanisms are used to protect the network.
2. Helium (HNT)
Market Cap: $2.0B
Helium is a decentralized wireless network. It enables Internet of Things (IoT) devices to connect to the Internet wirelessly and geolocate themselves without the need for satellite positioning hardware or cellular plans.
Helium price page
HNT is the native token of the network, which is powered by a blockchain. This token encourages a two-way marketplace between service providers and users.
Hotspots combine a wireless gateway with a miner to offer network coverage within a specific radius. HNT is mined by hotspots as well. Helium employs a consensus technique known as proof-of-coverage.
3. Polkadot (DOT)
Market Cap: $21.3B
Polkadot is a decentralized project that provides a Layer 0 solution known as “Relay Chain,” which is known to boost scalability, as well as a Layer 1 solution known as “Parachain,” which functions as a bridge between chains.
DOT price page
Gavin Wood, the Co-founder of Ethereum, launched Polkadot. Its native coin, DOT, is used for governance and in parachain slot auctions. There are just a few parachain spaces available in Polkadot. Developers compete in auctions to acquire the privilege to build on Polkadot by locking up DOT tokens.
4. Filecoin (FIL)
Market Cap: $4.0B
Filecoin (FIL) is a decentralized marketplace for cloud storage. A wide number of storage providers and developers power the network, which assists organizations and projects in finding cost-effective, decentralized, and secure data storage solutions. Filecoin is commonly used for the storing of big archives, NFTs, and frequently accessed data.
Filecoin price page
The majority of storage providers on the Filecoin network have “committed” to providing data center resources by investing in hardware and depositing collateral to ensure service quality, data availability, and long-term data reliability. Its native token, FIL, is used to pay storage providers for data storage and retrieval.
5. Chainlink (LINK)
Market Cap: $6.7B
Chainlink is a decentralized oracle network that relays data to smart contracts, allowing contracts to be executed using real-world inputs and outputs. Sergey Nazarov and Steve Ellis launched the network in 2017. It swiftly became the market leader in the blockchain oracle area.
Web3, which is structured and maintained by pre-written programs and smart contracts, relies on Oracle networks like Chainlink to function. Users can create decentralized oracle networks (DONs) on Chainlink to distribute data to and from current blockchains while also ensuring data accuracy.
Its native token, LINK, is used to reward Chainlink node operators for fetching data from off-chain data feeds for smart contracts, converting data into blockchain-readable forms, off-chain computing, and uptime guarantees provided by operators. Chainlink is also developing a robust staking mechanism for its network.
6. Siacoin (SC)
Market Cap: $542.7M
Sia is a blockchain-based decentralized cloud storage platform that allows users to lease excess storage space on the network. Smart contracts are used to facilitate network transactions. The native token of the blockchain SC (Siacoin) is the currency used to pay for data storage on the network.
Sia’s initial whitepaper said that the network’s purpose was to compete with established storage solutions such as Amazon, Google, and Microsoft. Because of its decentralized nature, Sia has an advantage over its competitors in terms of storage rates.
7. Audius (AUDIO)
Market Cap: $808.4M
Audius is a music streaming platform that aims to provide everyone with the freedom to distribute, monetize, and stream any audio content.
The native token, AUDIO, enables network security, unique feature access, and community-owned governance.
Musicians can use Audius to publish their songs and establish a fan following. When artists stake AUDIO, they gain access to badges and artist tokens, as well as voting power from their followers. Audius is supported by artists such as 3LAU,deadmau5, Rezz, and the Stafford Brothers. This platform provides 320 kbps high-quality audio streaming.
The Audius project has announced a partnership with TikTok, a streaming platform, with plans to integrate stablecoin on the network in the future to enable sponsored content.
8. The Graph (GRT)
Market Cap: $2.5B
The graph is an important decentralized protocol. In the DeFi world, the goal is to introduce a trustworthy decentralized public infrastructure to the mainstream market. It enables network users to create and publish an application programming interface (API), which is a workflow process that conceals complex code behind a simple API.
APIs are subgraphs in graph protocols, and they employ a specific query to retrieve data from a blockchain. The graph token (GRT) is used by graph network participants to secure the network’s economic security. GRT is a work token that enables a community of stakeholders to deliver network indexing and curation services.
9. Arweave (AR)
Market Cap: $1.5B
Arweave describes itself as a jointly owned hard drive that never forgets. It allows for permanent data storage for a one-time fee.
Arweave (AR) is a decentralized storage network that allows for indefinite data storage. At its core is the ‘permaweb’ — a permanent, decentralized web with applications and platforms such as UI hosting, database writes and queries, and smart contracts.
The network employs blockweave technology, a blockchain variant that connects a new block not just to the previous one but also to a random preceding block. Coinbase Ventures, Andreessen Horowitz, and Union Square Ventures have all invested in the network.
10. Kadena (KDA)
Market Cap: $950.5M
The purpose of this platform is to power global financial systems. Kadena offers more secure smart contracts, as well as unique energy efficiency and PoS security. Unlike many other platforms, Kadena continues to utilize the same amount of energy as network demand grows. It can handle up to 480,000 transactions per second (TPS) due to the usage of braided chains. The protocol scales to larger processing powers as additional chains are added.
The KDA token is used to process transactions on the Kadena blockchain. There are 1 billion KDA in total, which will be mined during a 120-year period.
How to Buy Web 3.0 Coins on CoinStats
Sign up for a free CoinStats trading account to invest in web 3.0 coins with a credit or debit card. To buy any web 3.0 coins listed above with the CoinStats app, follow the steps listed below:
Sign up for an account with CoinStats using your email address or by checking in with Coinbase; you can also use SSO.
Verify your account. You must supply a national ID to authenticate your identity in order to comply with KYC requirements (and also aid in improving account security).
Sign in using your credentials, then search for the token you wish to buy in the search box and tap on that token.
You will see the current market price of your selected web 3.0 coin. After doing your research proceed to buy that coin. CoinStats will provide you with two options: Buy or Sell. Choose “Buy” from the menu and input the desired quantity you wish to purchase of that coins and in a matter of few seconds the coins will arrive in your wallet.
If you plan to store your freshly acquired coins for more than a month, make sure to move them as quickly as possible to a secure hardware wallet.
Closing Thoughts
Web 3.0 coins, metaverse coins, and NFTs are some of the biggest opportunities in the crypto market for 2022 and the years ahead. The internet is becoming increasingly decentralized, with artificial intelligence and virtual reality being integrated into the experience. More people are also adopting blockchain technology.
We feel the 10 tokens listed above are the best tokens you can invest in right now if you want to promote Web 3.0 and the crypto market while also giving yourself a chance to make a lucrative profit.
Investment Advice Disclaimer: The information contained on this website is provided to you solely for informational purposes and does not constitute a recommendation by CoinStats to buy, sell, or hold any securities, financial product, or instrument mentioned in the content, nor does it constitute investment advice, financial advice, trading advice, or any other type of advice.
Cryptocurrency is a highly volatile market and sensitive to secondary activity, do your independent research, obtain your own advice, and only invest what you can afford to lose. There are significant risks involved in trading CFDs, stocks, and cryptocurrencies. Between 74-and 89% of retail investor accounts lose money when trading CFDs. You should consider your circumstances and obtain your advice before making any investment. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant regulators’ websites before making any decision.
Near, EOS and RUNE Fall During Friday’s Selloff – Market Updates Bitcoin News
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NEAR was one of the big movers in today’s trading session, as prices fell by almost 10% on Friday. RUNE and EOS also slipped to end the week, with the latter also dropping by double-digits in the session.
Near Protocol (NEAR)
NEAR was one of the biggest tokens to fall on Friday, as a red wave swept over cryptocurrency markets to end the week.
Following a peak of $17.12 on Thursday, NEAR/USD dropped to a bottom of $15.12 during today’s trading session.
As a result of this drop in price, NEAR fell below its recent support level of $15.45, for the first time since the start of the week.
NEAR/USD – Daily Chart
Following a breakout of the ceiling at $17.50, prices recently rose to a one week high of $17.77 on Wednesday, however this upwards momentum was short lived.
The turnaround saw prices drop for three consecutive sessions, leading to the 14-RSI to track at its weakest point in over six weeks.
Now in oversold territory, bears will likely try to push prices even lower, whilst bulls could see this as an opportunity to buy low.
Similar to NEAR, EOS has also held firm at a recent resistance level, leading to a selloff during today’s session.
EOS/USD fell to an intraday low of $2.48 earlier on Friday, after trading above $2.84 less than 24-hours ago.
Following a false breakout of the $2.75 ceiling, EOS has gone on to fall for two consecutive sessions, with today’s decline taking us to a short-term floor.
As seen on the chart, $2.45 has recently acted as the first line of defense for fading prices, and should bears’ overpower this point, we could see a decline to $2.20.
Despite this, the moving averages of 10-days and 25-days respectively, have gained in proximity, increasing the chances for a crossover.
Should this occur, plus the 14-day RSI staying above its current floor of 48.9, then we may see prices rebound strongly to begin the weekend.
Do we expect the crypto red wave to pass heading into the weekend? Let us know your thoughts in the comments.
Eliman Dambell
Eliman brings a diversified point of view to market analysis, having worked as a brokerage director, retail trading educator, and market commentator in Crypto, Stocks and FX.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
How This P2E Title Approaches Player Rewards Differently
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The last year has proven that the emergence of Web3, NFTs, and play-to-earn are far from a fad. There are cultural shifts taking place today that show immense potential to completely flip traditional models on their heads – from how we look at content, gaming, finance, and more.
Play-to-earn gaming has reaped massive rewards from this shift and is poised to continue to do so as societal adoption grows. However, in the early days of play-to-earn titles earning legitimacy and status, along too has come inherent barriers to entry. The costs of acquiring many of the base-level NFTs just to get involved in some of the biggest P2E titles today have become so high, that there are rent-seekers that have started to gate the experience.
Additionally, some play-to-earn titles have implemented a sort of subscription model, and others merely have entry prices that run into many thousands of dollars. High costs aren’t the only concern, as even some of the biggest play-to-earn titles have faced challenges around blockchain vulnerabilities. Additionally, the traditional gaming environment has been hesitant in accepting the play-to-earn structure, and the costs of developing a strong gaming title are high.
While not all of this is entirely avoidable, one project – OpiPets – is carving their own niche by rewarding their community with crypto, at no cost, whilst offering a gaming first approach to their yet-to-be-released title.
OpiPets: Addressing Price Disparity
OpiPets is bringing to market a free P2E title that will enable users to create, battle, obtain and trade their OpiPet NFTs. The platform will integrate a two token system, one token serving as a governance token and the other as the in-game currency, a “cross-functional” token in the Opis Group ecosystem. For example, the in-game currency will be a token that can also be earned via the Opis Cloud app.
Unlike many current play-to-earn approaches these days, users in OpiPets can earn in-game currency without spending real money – simply through engaging with the game.
The OpiPets team explained the free-to-play structure of the game in a recent AMA, stating; “OpiPets truly is a free to play to earn game and we believe one of the first of its kind. Users can create an account and begin earning in-game tokens without the need to connect a wallet or deposit anything at all.” Users can connect their wallet later when they’re ready to withdraw earnings, mint a custom NFT, or go to battle.
Why It Matters
Play-to-earn titles deserve a level point of entry for new participants, and OpiPets is focused on exactly that – while still bringing P2E project necessities, such as hand-drawn characters, a transparent team, and a clear vision.
“We have a very experienced team, more than capable of delivering on our promises,” stated Vince Howard, Head of Marketing. “Our team comes from prestigious backgrounds, such as; Call of Duty, Epic Games, Swissborg, BBC, NBC Universal, United Nations, Microsoft Azure, KPMG and Sony Pictures.”
OpiPets is in a unique position in comparison to many play-to-earns. Rather than having to rely on an initial token sale offering to develop the game, the OpiPets team is already funded. The game is in development and due to launch in Q3 2022. Consequently, the team has been able to focus on delivering an enjoyable game for their community.
“The thing that really sets us apart from other projects is that we focus on gaming first,” added Vince. “A lot of these ‘games’ feel more like work to earns with no enjoyable features that really define a game. We’re putting the play in play to earns.”
As players explore new treasure drops, dungeon raids, virtual stores, and more, they can do so while engaging with an environment that is focused on keeping a user-first experience. No multi-thousand dollar investment, no renting, no monthly subscription costs – just a true gaming experience that allows you to earn as you play.
How to Buy KuCoin Token | Where, How and Why
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KuCoin, also known as People’s exchange, is a user-friendly and secure platform that provides several trading options to itssix million users worldwide. It’s one of the most popular crypto trading platforms with its native cryptocurrency KuCoin Shares Token (KCS), based on the Ethereum blockchain (an ERC-20 token).
If you acquire its native KuCoin token (KCS), you will get significant discounts on trading fees. Additionally, KuCoin users receive a daily dividend, KCS Bonus, for holding over 6 KCS.
If you consider KuCoin as a possible investment, this KuCoin review will help you get started. Read on to learn everything you need to know about the KuCoin exchange and how to buy the KuCoin token in a few simple steps.
Let’s start by looking into the KuCoin token’s Pros and Cons.
Pros
Rewards on KuCoin exchange
It is linked to Kucoin Exchange, a stable, worldwide platform.
No KYC is required for obtaining a KuCoin token
Staking advantages
Exclusive access to KuCoin Spotlight
Discounts on trading fees.
Cons
The unpredictability of the cryptocurrency market
Limited pairs are available outside the native exchange.
KuCoin Exchange and KCS Features
Kucoin Exchange is based in Seychelles and licensed by the Seychelles regulator; however, the company’s main operational center is in Singapore. KuCoin has over 20 local communities across North America, Europe, Southeast Asia, and other regions.
The exchange was developed by a team of crypto and blockchain professionals, and its ICO (initial coin offering) sold 200 million KCS tokens. KuCoin went live in 2017 and has a roadmap for platform development until 2024, suggesting future upgrades, an increased user base, and more improvements. In the same year, KuCoin developed and released its native token – KuCoin Shares(KCS).
KuCoin exchange offers bank-level asset security, a slick interface, beginner-friendly UX, and a wide range of crypto services: margin and futures trading, a built-in P2P exchange, the ability to buy crypto using fiat currency, such as a credit or debit card, instant-exchange services, ability to earn interest on digital assets by crypto lending or staking via its Pool-X, IEO launchpad for crypto crowdfunding, non-custodial trading, and some of the lowest trading fees among crypto exchanges.
KuCoin Token, also known as KuCoin Shares (KCS), is an ERC20 token on the Ethereum blockchain. KCS offers its users certain privileges, like lower trading fees, bonuses, rewards, and other perks. The token is used to make purchases or reservations, pay trading fees, pay the staking rewards, bonuses, incentives, etc. What’s unique about KuCoin is that they share 50% of their overall trading fee revenue with users holding the KCS token.
How Does It Work
The KuCoin token is deflationary, with the exchange implementing token burn and removing assets from circulation corresponding to KuCoin’s long-term vision of making the supply constant at 100 million. The buy-back records are exposed through the blockchain explorer.
The KuCoin exchange features a Bonus Program, rewarding users for holding their KuCoin KCS on the exchange. The reward is determined by the user’s overall exchange activity and the number of KCS held.
KCS holders enjoy several benefits such as commission income, reduced trading commissions, and access to other special services. Besides, the KuCoin institutional investor program participants get significant trading fee discounts.
The cryptocurrency exchange has issued a plan for buyback disposal, which aims to keep a constant 100 million tokens on the market. According to KuCoin, the company will use 10% of each quarter’s net profit to buy KCS back and destroy it.
Traders can use the KuCoin token KCS to “activate” a 1% to 30% discount on all trades, proportional to the number of KuCoin shares held. Meanwhile, the exchange may adjust fees according to the market conditions.
How to Buy Kucoin KCS Tokens in 4 Quick Steps
Commonly used cryptocurrency exchanges to buy the KuCoin token are KuCoin, BitMax, Probit, MXC, and Polonies. The platform with the most available trading pairs for KCS is KuCoin.
However, to buy KCS on major exchanges like Binance or Coinbase, you’ll need first to purchase a major cryptocurrency first and then use it to buy a KuCoin token.
Follow these easy steps to buy KuCoin token (KCS).
Step #1: Choose a Cryptocurrency Exchange
You must compare the cryptocurrency exchanges’ features before choosing the one that suits your investment needs best. Some of the factors to consider are supported deposit methods, trading fees, customer support, ease of use, and local requirements.
However, buying KuCoin’s native token on the KuCoin platform seems more intuitive. If you choose to put your trust in another platform for whatever reason, you can purchase KCS by swapping a stablecoin, for example, Tether USDT.
Screenshot From CoinStats exchanges page
Step#2: Register an Account
To buy the KuCoin token on its own exchange, you’ll need to register a KuCoin account on kucoin.com. You can use either a valid email address or a phone number. The registration is quite straightforward and doesn’t require personal information or KYC (know your customer) verification. Input your e-mail address and click the “Send Code” button. Wait for the email verification code to be sent to your mailbox and enter the verification code you received. Then set the login password, read through and agree to the “Terms of Use,” click the “Sign Up” button to complete your registration. To register with a phone number, wait for the SMS verification code to be sent to your phone and enter the verification code you received.
You can also use your email address or phone number to purchase the KuCoin token on another platform. Ensure to follow the platform’s requirements.
Step #3: Deposit Funds
After setting up your account, the next step would involve depositing funds to purchase KCS and other cryptocurrencies. On KuCoin, you can trade KCS against any major crypto, including Bitcoin (BTC), Ethereum (ETH), or USDT. You can fast buy USDT with fiat currency through a credit or debit card directly on KuCoin’s exchange; purchase it directly from verified holders or through a 3rd party using a payment channel.
The platform doesn’t support direct wire transfers, but it’s possible to buy crypto with fiat currencies through a third-party app. Additionally, the platform supports credit or debit cards, Apple Pay, Google Pay, etc., but the fees can be rather steep.
Your KCS purchase will be hassle-free and fast if you already have a crypto wallet. Several KCS trading pairs are available on the KuCoin exchange, but you might have fewer trading options on other platforms.
Once you select the most convenient payment method, it’s high time to buy KuCoin token KCS.
Get started by checking the current KuCoin price, but note that the current price does not indicate a future trajectory.
Step #4: Buy KuCoin KCS Token
If you’re a KuCoin exchange user, you can enjoy a wide selection of trading pairs.
Once you have purchased USDT, navigate to the USDT/KCS pair. Enter the amount of USDT you would like to swap and execute the trade. Congratulations on your purchase of KCS!
Now that you’re a proud owner of your personal KuCoin let’s look into different options to use your coins and decide which one suits your needs best.
What to Do With KuCoin Tokens
There are several ways you can put your KCS to good use. However, remember that the cryptocurrency market is volatile, and the high risk/high reward strategy might not be best for everyone. Do your own research before considering an investment, as this review doesn’t constitute financial advice or any other kind of advice.
1. Stake
Staking is a popular option, where your crypto funds don’t just lay around but bring you idle profit. Many cryptocurrencies offer a staking option, but not all traders are familiar with the process. Staking means making the coins “work for you” and earning you rewards in return for locking them temporarily and letting the platform use them for its needs. In short, the process resembles owning a savings account. There’s a trust element involved, just like you trust the bank to govern your assets while you hold them “locked” in a savings account, and they provide you with yield in return. Staking is locking a certain amount of coins on your KuCoin account to get annual yields.
2. HODL
Holding on to your crypto funds is a viable option if you believe they will rocket in price someday. However, for cryptos that have been around for years, a triple-digit surge becomes less and less likely. Meanwhile, an incremental price increase could be expected.
If you wish to buy KuCoin token KCS and store them away, the important part is to do it safely, minimizing the risk of anyone getting hold of the assets without your permission. We highly recommend creating a private wallet with your own set of keys. Depending on your investing preferences, you might choose between software and hardware wallets, the latter being a more secure choice.
Hardware Wallets
A hardware wallet or a cold wallet is a device that stores the private keys you need to receive or send crypto. Hardware wallets are usually considered the safest way to store your cryptocurrencies as they offer offline storage, thereby significantly reducing the risks of a hack. They are secured by a pin and will erase all information after many failed attempts, preventing physical theft. Hardware wallets also let you sign and confirm transactions on the blockchain, giving you an extra layer of protection against cyber attacks.
Ledger hardware wallets are arguably the most secure hardware wallets letting you securely manage your KCS tokens.
If you believe storing your KuCoin will earn you high rewards, this is the way to go.
3. Sell
You can follow the same process to cash out your KCS coins with the same exchange you bought them through. You can sell it on an altcoin exchange for Bitcoin, Ethereum, or USDT and then cash out to fiat currency.
In any case, remember to do your independent research, obtain your own advice, and only invest what you can afford to lose.
Hopefully, this review helped answer some of your questions about the KuCoin exchange and how to buy KuCoin token KCS.
Payments Giant Stripe Rolls Out Pilot to Test Crypto Payouts With Twitter – Bitcoin News
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On April 22, the payments giant Stripe announced that it is expanding global payouts with crypto assets via a new pilot. Stripe’s crypto executive Karan Sharma revealed crypto payouts for the firm’s Connect service to a select group of Twitter users as the social media platform is Stripe’s first partner.
Stripe and Twitter Partner to Test Crypto Payouts Feature Using the Stablecoin USDC
Stripe revealed on Friday that it plans to allow businesses to pay users in digital currencies via a pilot through Stripe’s Connect service. The company’s first partner is Twitter and crypto payouts will at first start with usd coin (USDC) payments. Starting today, a specific amount of selected crypto users will be paid in USDC if they obtain earnings from Twitter services like Super Follows and Ticketed Spaces.
“With crypto payouts for Connect, Twitter will make it possible for creators who opt in to have their earnings paid out to a cryptocurrency wallet,” Sharma’s blog post explains. “Stripe will handle all crypto-related complexity and operations. No code changes are required, and platforms can avoid taking on the challenges of acquiring, storing, or transferring crypto themselves.”
Both Stripe and Twitter are no strangers to crypto assets, and the social media company introduced crypto tipping at the end of September 2021. While Stripe says the initial crypto support will be USDC, the USDC transfers will be executed via the Polygon network. “[Users] can hold their balance on Polygon, or choose to bridge to Ethereum and exchange it into another currency,” Sharma said. “We plan to add support for additional rails and payout currencies over time.”
Stripe further detailed that the company was eager to share this new feature with other partners. The company has published an integration guide and interested participants can request access to the beta program. “We’re excited about what this represents and about the potential for cryptocurrencies to help solve real-world problems, especially outside of major markets,” Sharma’s blog post concludes. “By the end of the year, [Stripe] plans to support crypto payouts in more than 120 countries.”
What do you think about Stripe’s new payouts in crypto and partnering with Twitter to pilot the program? Let us know what you think about this subject in the comments section below.
Jamie Redman
Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about the disruptive protocols emerging today.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Highlights from Coinbase’s First Smart Contract Hack Days | by Coinbase | Apr, 2022
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By Michael Li, Vice President, Data at Coinbase
Hackathons have been a long-standing and important part of Coinbase culture, as they give our engineering teams the opportunity to collaborate with one another and experiment directly with the tools that are enabling a new era of open finance.
At Coinbase, we acknowledge that Web3 unlocks a whole new realm of possibilities for developers that are largely yet to be explored. In order to pursue these possibilities confidently, engineers need to have a baseline knowledge of the ecosystem, the Web3 stack, and key smart contract concepts across different blockchain protocols.
This year, we used the time set aside for the annual Coinbase hackathon to kick off Smart Contract Hack Days to give all of our engineers a crash course in Web3 development for real-world applications.
Time to BUIDL
In December, we assigned all participants to project pods of 5–10 individuals which were led by an experienced Coinbase team member that had been through in-depth blockchain engineering training. Following a day-long crash course in Solidity (developer tools and workflow), each pod had 48 hours to build a demo that would be judged on product, engineering, and design.
Participating pods had a chance to score one of the eight awards and crypto-forward prizes. Award categories included People’s Choice (selected by the entire audience), Learning Showcase (the pod that demonstrated the most learning through working on their project), Judges Choice (overall judge favorites), Best Executed (evaluates quality, teamwork and overall execution), and Most Creative (the most exciting and creative take on hack day guidelines).
Hack Day Showstoppers
Among the 44 pods that presented on Smart Contract Hack Demo Day, the top 5 categories of project submissions spanned Web3 infrastructure, gaming, DAOs, NFTs, and event ticketing.
While there were many strong ideas presented, some of the key ones to highlight (along with their taglines) include:
(Gas)tly: Complete gas transactions with confidence
Concert-AMWest-2: A NFT concert ticket and a marketplace contract that can transfer funds from the buyer to the marketplace and royalty to the musician
GenEd Labs: A charitable giving DAO that enables the ethical investor to leverage the blockchain to close the skill gap within underserved communities.
Real-Time Shibas: Capture the yield farms with your Shiba army
BridgeIt: Pooling deposits together for cost-efficient bridging
Not So Bored Apes: Decentralizing and revolutionizing the casino world one step at a time
What We’ve Learned After Experiencing a Day in the Life of a Web3 Dev
We were inspired by the number of creative product ideas that were presented during this time and took many important insights away to be applied for future training and hackathons.
Some of these insights include:
Teams need more focus time to execute — many projects felt they lacked adequate time to execute due to competing priorities from day-to-day work. We will improve by providing full dedicated time for all participants in the future.
Participants would like more autonomy in team creation — team dynamics are important. Finding teammates who share a similar vision or vibe or may have complementary work styles and perspectives can go a long way, especially in high-pressure scenarios.
Save room for ideation — rather than being assigned to projects, participants may feel more engaged or motivated to take an idea over the finish line if they feel more passionate about what they’re building.
What’s Next?
One of the most exciting things about Web3 is its limitless potential. It is likely that it will touch every single industry — whether that be as the infrastructure that underpins a wave of new products or as the tool for interacting with brands and businesses in a more trustless and equitable way. This year’s hackathon, in many ways, is a testament to the efforts needed to onboard developers from the world of Web2 to Web3.
At Coinbase, we remain optimistic about the future of the industry and are committed to spearheading new initiatives that will allow our teams to continue learning, creating and building together.
We are always looking for top talent to join our ever-growing team and #LiveCrypto. Learn more about open positions on our website.
