#theta blockchain development company

[mobiloittet]

Theta Blockchain Development Solutions 

Theta Network is a video delivery network with a shared economy. Users can earn token rewards for sharing videos with other users. By integrating Theta into their existing video set, video platforms can reduce delivery costs while increasing viewer engagement. Mobiloitte has a team of experts with ample years of experience, Our dedicated, full-time, or hourly blockchain developers are adept at building Theta blockchain solutions. Connect with us today.

[kavinsps]

Top Ten NFT Development Companies in 2023

Wehave gathered the best ten NFT organizations here to assist you with picking among the different NFT commercial centers that are open in many strengths or specialties. NFT improvement is at the vanguard of arising innovation because of the capacity to totally change how clients see and worth advanced material. They are reshaping laid out commercial centers yet additionally opening up new open doors for financial backers, trailblazers, and craftsmen. The stages and apparatuses given by NFT firms empower makers to mint, sell at closeout, and repurchase NFTs from financial backers and gatherers. Like customary craftsmanship markets NFT organizations, certain organizations additionally offer business sectors where NFTs can be traded.

Jupiter Meta : Jupiter Meta is a Chennai-based NFT Marketplace Development Company for India. Selling NFTs and different other creative and social products was laid out in 2021. A state of the art commercial centers major areas of strength for an on making every client’s metaverse issue remarkable through gaming, diversion, and motion pictures. It is by and by dealing with the “Singara Chennai” intelligent computerized NFT project, which means to feature renowned spots and things in Chennai.

OpenSea: With its 2017 beginning, OpenSea is one of the most established and most settled NFT commercial centers still in activity. Various popular NFTs are facilitated there, including those connected with workmanship, music, photography, collectibles, and virtual universes.

With other digital forms of money accessible as installment choices, the principal digital forms of money acknowledged on OpenSea are Ethereum, Solana, and USDC.

WazirX: A brought together Indian digital currency trade, WazirX was laid out in 2018. Around 7.3 million individuals use it. The digital currency exchanging stage Binance bought the trade. They fostered a NFT commercial center for neighborhood and traditional specialists. The principal NFT show and melodic NFTs were facilitated by WazirX, which is viewed as really great for beginners.

Binance: In 2021, one of the greatest digital money trades, Binance, presented a NFT market. NFT, a profoundly organized NFP commercial center, the overall digital currency trade is only one of a few business administrators entering the NFT market.

Bollycoin: Bollycoin fills in as the scaffold among bitcoin and Bollywood. It is centered around Bollywood creations and will engage aficionados of the class. Stamping NFTs with a Bollywood subject is a fundamental part of bollycoin. They sell keepsakes like film tickets, film cuts, film banners, and stills.

BuyUCoin: NFT Marketplace Development A noticeable digital currency trade in India, BuyUCoin was laid out in 2016. 3,50,000 individuals are served, and in excess of 24 billion INR worth of computerized resource exchanges are taken care of. Its principal objective is to make crypto available to all Indians.

Foundation.app: This NFT organization was made as a clear, nitty gritty strategy for putting offers on computerized workmanship. Ethereum is utilized for deals. The commercial center has sold more than $100 million worth of NFTs since its send off in mid 2021. The Establishment people group stretches out solicitations to specialists to join the stage, and clients just require an Ethereum-subsidized digital money to start making buys.

Mintable: Mark Cuban, a multibillionaire, is backing Mintable, which vows to make an open market similar to OpenSea. One will require Ethereum to participate in the buying and selling of NFTs on Mintable. For makers of all stripes who need to sell their work as a computerized resource, the stage likewise works with the printing of NFTs.

Theta Drop: For the decentralized web-based conveyance of video and television, Theta is a blockchain stage. The World Poker Visit’s advanced antiques sent off in 2021 on the NFT commercial center Theta Drop. The World Poker Show opened utilizing from the beginning and presently transfers material on the help.

[melissatsanchez01]

Top 10 Cryptocurrencies that You Should Avoid in 2021 | Shifu Digital

In this video, we'll go through 10 cryptocurrencies that you should avoid. Before you begin, please like this video and subscribe to this channel for future updates. In the year 2021, investing in cryptocurrencies has the potential to change the landscape of your investment portfolio. There is always the chance that you could lose your entire investment. In such a volatile investment like cryptocurrency, you need to be on the lookout for both the growth potential and dangers of various cryptocurrencies.

Is it safe to put money into cryptocurrencies? For the time being, cryptocurrencies are untrustworthy for a number of reasons, but other indications indicate that they are here to stay. There are many dangers connected with cryptocurrencies.

Cryptocurrencies rose month over month. Some coins, on the other hand, did not have such good fortune. Take a look at the ten cryptocurrencies that had the worst month of the year in July.

Number 10. Synthetix. It's decentralized finance (DeFi) platform that allows you to exchange crypto and non-crypto assets on the blockchain. This project was first released in September of 2017.

Number 9. Theta Fuel. Theta Token, which was created in 2017, is one of two tokens on the Theta blockchain (THETA). Theta Fuel is now trading at $0.3167 and has a market value of approximately $1,682 million. Its all-time high is $0.6807, and its all-time low is $0.0008894 (June 2021). (June 2021). TFUEL has returned more than 800% so far this year.

Number 8. yearn. finance. It is an aggregator service that was established in February 2020 with the aim of increasing investor access to the Defi (decentralized finance) sector. yearn.finance is currently valued $32,945.84 and has a $1,208 million market capitalization.

Number 7. Dogecoin. This currency, which was separated from Litecoin in December 2013, is mainly used by Reddit and Twitter users to reward them for creating or sharing great content. Dogecoin is now trading at $0.204, with a market capitalization of around $26,604 million. In May 2021, it hit an all-time high of $0.7376 and a low of $0.00008547.

Number 6. Celsius. It was founded in June 2018 to serve as a one-stop-shop for bitcoin users' banking and financial needs. Celsius has a market capitalization of $1,447 million and is now trading at $6.06. It reached an all-time high of $8.02 in January 2021, and a low of $0.02235. Over the first half of the year, CEL has generated more than 8% of growth.

Number 5. KuCoin Token. It's a profit-sharing token that lets consumers withdraw money from a cryptocurrency exchange. It was launched for the first time in 2017. It is regarded as one of the most effective methods of generating passive income.

Number 4. Telcoin. Telcoin users own this cryptocurrency, which was launched in July 2017. This project is described as a decentralized financial network's medium of exchange, reserve asset, and protocol token. Telcoin is now trading at $0.01747 and has a market value of about $950 million. It reached an all-time high of $0.0649 in May 2021, and a low of $0.00006516. So far this year, TEL has recovered more than 9,800 percent.

Number 3. XinFin Network. XinFin is a hybrid Blockchain technology firm that assists companies, mostly small and medium-sized enterprises, in maximizing their international trade and financial opportunities. XDC is now trading at $0.07507. On the stock market, it is valued at more than $920 million.

Number 2. Mdex. It's a decentralized automated market-making (AMM) exchange system that launched in January 2021. This currency is based on the idea of fund pools. Mdex has a market capitalization of $762 million and is now trading at $1.29. On February 20, 2021, it hit an all-time high of $10.06 and a low of $1.05.

Number 1. SHIBA INU. This Ethereum-based cryptocurrency, which debuted in August 2020, aims to provide an Ethereum-based alternative to Dogecoin's Crypt-based mining algorithm. According to SHIBA INU's WoofPaper, the mysterious team behind it developed it for three reasons:

What do you think of our video? Have you invested in cryptocurrencies? Is your business profitable or losing money? Remember this is not investment advice. Please share your thoughts in the area below.

Please like this video and subscribe to our YouTube channel to get future updates. Thank you so much for everything.

Thank you for watching us.

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[blockchainex]

Best NFT Protocols Listed By Market Capitalization

nft projects are changing the digital art and collectibles industry. A rising crypto-audience is helping digital artists. Other celebrities think the technique is an interesting way to connect with their followers. best NFT crypto is great. Use this software to show deeds, digital or tangible. Non-financial instrument transactions have $1 billion in trades so far in 2018. over 80% of HNIs and UHNIs have shown interest (UHNIs). It means NFT. Non-fungible tokens (NFTs) are digital assets that certify the uniqueness of another digital asset and are maintained on a blockchain ledger. Cryptographic hashes prove unique existence.

best tokens to buy

Theta

Theta, a decentralized video distribution network, is powered by the users and a new blockchain. Theta is an open-source protocol which enables DApps built on top of the platform. Theta offers bandwidth and resources in return for Theta Fuel (Tfuel).

onion(s) (CHZ)

Blockchain-based sports and entertainment fan interaction and incentives network, Socios. Club-related polls and surveys are made available for fans to participate in. First Malta-based sports company created a new cryptocurrency, the Fan Token, to assist athletes and sports fans alike. Our partners may now conduct polls via the Socios app with the CHZ integration.

de-centralization (MANA)

Decentraland (MANA) is an Ethereum-based virtual reality platform where users may create, consume, and profit from their content and applications. Decentraland started in 2017 with a $24 million ICO (ICO). In February of 2020, the beta was publicly available. The LAND parcels come with 3D environments, games, and other interactive activities. Explore, develop, and monetize land here.

Enjin's cryptocurrency (ENJ)

Enjin Coin is the product of Enjin, a business that offers blockchain-based gaming services and more. Enjin's main product is the Enjin Network, a social gaming network that allows users build webpages and virtual goods shops. Enjin, a unique Ethereum coin, tokensizes in-game assets. Enjin Coin is used to back the platform's assets.

dismissing

a revolutionary non-fungible token concept. The above assets are really many different asset classes. NFT platforms are spearheading the reconstruction of this infrastructure.

[bobasheesh]

Hey guys, check out our latest video- Unity For Web3 | #Elon Musk To Fight  | #YugaLabs On #Bitcoin Ordinals | #Mastercard & #Visa Retreat

🔰Credits to the original news content sources-

1- #Unity launches #decentralized technology tools for game developers- https://cryptoslate.com/unity-launches-decentralized-technology-tools-for-game-developers/

2- #AI Wars: Elon Musk Is Said To Be Forming A Team To Fight #ChatGPT- https://bitcoinist.com/elon-musk-forms-team-to-fight-chatgpt/

3- World’s biggest NFT company Yuga labs introduces first bitcoin #ordinals collection- https://bitcoinmagazine.com/culture/yuga-labs-introduces-first-bitcoin-ordinals-collection

4- Payment Giants Visa and Mastercard Push Back Launch of Crypto Products due to Uncertain Market Conditions- https://cryptonews.com/news/payment-giants-visa-mastercard-push-back-launch-of-crypto-products-due-uncertain-market-conditions.htm

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#️⃣ Let's connect  on Social Media:🌎 :

👍All links here (IG, Twitter, etc) - https://linktr.ee/cryptoikonmedia

📼 Also Streaming on Theta: https://www.theta.tv/cryptoikonmedia

💼 Business Inquiries: cryptoikonmedia@gmail.com

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🔰About us:

CryptoIkon Media is a full-service Interactive #Crypto Media Agency. We provide 360-Degree Digital Branding & Marketing services to (Crypto, Defi, NFT, Web3, Metaverse & Blockchain) projects and companies.

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Disclaimer: Our content is not financial advice, legal advice or tax advice in any way, shape or form. Please do your own research. DM for credit or removal request (no copyright intended) ©️ All rights and credits reserved to the respective owner(s)

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[kavinsps]

Guide and everything you need to know to create and sell your own NFT files

What is an NFT? The word NFT comes from English, and means Non-Fungible Goods . That is, a digital asset that is unique.

It is a simple computer file that contains an image, a video, music, a document … any digital item can be converted into an NFT.

How can a digital photo, for example, be unique if infinitely many identical copies can be made?

Read the news : NFTs have brought about a revolution in the art and collecting market, because now a digital drawing, a graphic, a meme, can be turned into a unique NFT by associating it with a blockchain, and acquire the same value as a drawing or painting. in physical.

Millions have been paid for NFT development company of famous memes , and even the inventor of the web pages has sold the original code as NFT, for more than 5 million dollars .

What is a chain of blocks or Blockchain? We have seen how an NFT is a computer file , which becomes unique by assigning it a key that is managed within the blockchain of a cryptocurrency.

The mining of each cryptocurrency or token is recorded here, as well as all transactions of those tokens, when they change hands.

blockchain The key feature of the blockchain is that for any transaction of your cryptocurrencies to take place, it must be approved by 51% of all computers on the blockchain.

This is what makes cryptocurrencies and NFT development services impossible to hack, because it would require hacking thousands of computers on the network all over the world at the same time.

In summary We have seen how cryptocurrencies are encrypted keys, which are managed in their chain of blocks or blockchain.

This chain of blocks has many different uses, apart from managing cryptocurrencies. For example, it also manages NFTs .

Cryptocurrency hardware wallet to cold store dozens of cryptocurrencies like Bitcoin, Ethereum, ERC20 and many more.

Choose your NFTs The first step is to choose the NFT that you are going to sell. An artistic work pays well, but there are people who have become millionaires selling curious things, like women with long necks:

This is the software that a 12-year-old girl used to convert her drawings to NFT and win 1.4 million euros OpenSea

It is very common to make thousands of variants by mixing different parts ( eyes, hair, mouths ), using an app, and then sell them in batches.

There are even people who have become rich selling their own selfies , captured over the years:

NFT Market There are many NFT markets.

But there are many others that the specialized website The Motley Fool recommendations :

Larva Labs / CryptoPunks NBA Top Shot Marketplace 1.rallible 2.SuperRare 3.Foundation 4.Nifty Gateway 5.mintable 6.Theta Drop

Choosing the NFT market is important, because each one uses a certain block chain, and a certain cryptocurrency.

What cryptocurrency do I need? Most NFT markets use the Ethereum blockchain, so they use the Ethreum cryptocurrency . For example, Rarible uses the crypto call Rarible.

They all accept Ethereum for example, but maybe not some others Most use digital wallets , NFT Development services which are nothing more than an account on a certain specialized service. They are usually free, but they take a commission when you pay from the wallet.

Some widely used wallets are Metamask , Coinbase Wallet , Wallet Connect or Formatic . Buy cryptocurrencies Now that you have a wallet, check out the fees for selling NFTs on your chosen marketplace, and buy the cryptocurrencies you need to start selling.

Read the fine print well, because depending on the market they have abundant and strange commissions, depending on how you sell, how you publish, etc.

Binance

Upload your NFTs to the NFT marketplace

The service will guide you step by step. You upload the files containing your creations , and they convert them into NFTs, and put them up for sale on the market:

NFT Market They work in a similar way to eBay: you can put them up for direct sale, or in auction mode , to the highest bidder.

If you sell something, that cryptocurrency payment will be credited to your wallet , after deducting the corresponding commission.

[rosikinsblog]

TheOctaverse is a Premium NFT Market

TheOctaverse is a truly unique multiplayer RPG NFT Game where each and every user can build or buy an empire, muster powerful armies and fight others on the global maps. 

In TheOctaverse, one can fully utilize the potential of its NFT heroes, units and equipment. 

Collecting rare and legendary loot will help you to defeat any enemy.

TheOctaverse is the biggest war game on blockchain. 

An MMO, RPG collectible game, TheOctaverse merges digital art beautifully to use blockchain technology. Stake your hero and start battling.

The Octaverse Premium NFT Marketplace

TheOctaverse is one of the premium NFT marketplaces. 

It is a peer-to-peer marketplace built on Ethereum that resembles Instagram mingled with Christie’s. 

While it is still in early access, the site has onboarded a limited number of hand-picked artists. Artists can register by filling out profiles on the website. 

The platform will launch in the near future, but for now, it only accepts payments in ether, the native cryptocurrency on the Ethereum network.

TheOctaverse also has an exclusive NFT market for artists and other creatives. 

This site offers access to exclusive video content, such as the RAC’s Boy album, and offers meet-and-greet events with fans. 

Another premium NFT marketplace is Mintable. 

It is backed by billionaire Mark Cuban, and aims to be a global platform that is both easy to use and has broad content.

TheOctaverse also offers a number of other tools for developing an NFT marketplace. 

First, it offers a coin minting tool. Second, the platform also offers a variety of other tools for developers. 

The goal of a premium NFT marketplace is to make it more accessible to players. By building tools that are easily accessible, this platform aims to build rich, liquid markets.

The Octaverse premium NFT marketplace becomes an indispensable component for game developers.

The Octaverse also offers a range of other tools to help developers build their own NFT marketplaces. 

These tools include an item minting tool and a platform to showcase goods and services. 

All of these tools are free to use and will be of great assistance to developers. 

A comprehensive set of tools will allow a developer to create a rich and dynamic marketplace quickly and easily. 

TheOctaverse is a premium NFT marketplace for games.

TheOctaverse Hero

Theta Drop is another NFT marketplace. 

Theta Drop decentralizes video distribution on the web. 

To participate in a bid, a user must purchase the TFuel token. 

As a result, the Octaverse marketplace is also a premium NFT community. 

Theta Drop is another popular NFT marketplace. Moreover, Theta Drop supports a wide range of digital collectibles.

The Octaverse premium NFT marketplaces allow artists to sell their work. 

The platform is powered by Gemini, a popular crypto exchange. 

The OTA is a popular payment method for NFTs. 

It also allows sellers to sell their products through various payment methods, such as Bitcoin or Ethereum. Its prices are also reasonable. 

The Octaverse NFT marketplaces can also be found in other places, such as social media sites.

This premium NFT marketplaces are gaining ground in the market for digital collectibles. 

The company is a global leader in video games. Its market cap is huge and its fanbase is growing rapidly. 

The platform has several unique features that make it unique amongst the other premium NFT marketplaces. 

Besides, it has a wide variety of categories. 

Its primary focus is selling art, while other platforms focus on selling digital collectibles.

The Octaverse premium NFT marketplace is a global leader. 

Its founders are Winklevoss twins with their company, Gemini. 

The Octaverse team has been operating in the crypto world for over 10 years. 

It has been a leading market in the NFT space. 

It has been a pioneer in the field of art for cryptocurrencies. 

The Octaverse co-founders were the first billionaires in the industry in early January 2022.

The Octaverse premium NFT marketplace is a closed NFT marketplace. 

The only way to join the platform is to get an invite code from a trusted source. 

The Octaverse invite codes are a valuable tool for collecting and selling NFT. 

Its community of artists makes it easy to sell art. 

It is also a good choice for those who want to collect art. 

Its community is growing rapidly, so there is a place for everyone.

Despite the fact that most NFT marketplaces are not fully open, they do not have a high barrier to entry. 

The Octaverse premium NFT marketplace accepts all kinds of NFTs and uses its own blockchain. 

It has an excellent editorial blog, but it also has a high volume of celebrity NFTs. 

A good platform will provide a wide range of services and benefits. 

It will be the best place to trade and sell your favorite art.

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FOR DETAILS

https://theoctaverse.io/index.html

https://twitter.com/TheOctaverse

https://web.facebook.com/theoctaverse/

https://www.t.me/Theoctaverseofficial

https://www.t.me/Theoctaverse

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Author :

Bitcointalk username: wonogesit

BitcointalkProfile: 

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Bep 20 Wallet: 

0xDA70ee5fDA6Dc03a1E8ec4eB495bE9Be2509423b

[bitcofun]

Anime and Animoca BrandsBlockchain videogaming and Metaverse business Animoca Brands hasactually released a tactical subsidiary in Japan after raising $10 million in seed financing.The brand-new subsidiary, called Animoca Brands KK, strategies on broadening popular Japanese material into nonfungible tokens (NFTs), the Metaverse and fungible tokens through Web3 applications. The material consistsof anime such as My Hero Academia and Dragon Ball, videogames, art, sports and others.Funds for this mostcurrent growth were raised in a $10 million seed round led by Japanese financialinvestment company MCP Asset Management’s MCP IPX One Fund. Animoca Brands co-founder and executive chairman Yat Siu informed Cointelegraph that “This one is actually huge” since of the material being brought into the NFT area and the size of the companies now included.Siu likewise stated in the authorities statement from Tuesday: “Our Japanese department will focus on partnering with IP owners in Japan to allow them to deal brand-new Web3 items and services in the open Metaverse.”Animoca’s other significant financialinvestments in NFTs and the Metaverse consistof The Sandbox, Axie Infinity and Dapper Labs. Rarible and Cyber produce VR platform for NFTsVirtual truth platform Cyber and NFT market Rarible have teamed up to develop a totally immersive virtual NFT market. The market is suitable with the Oculus headset on mobile gadgets and provides collectors a method to browse collections in a 3D Metaverse setting. Using Cyber’s market needs users to list their NFTs for sale on Rarible.— ᴏɴ ᴄʏʙᴇʀ (@oncyber_io) February 15, 2022 Rarible is the 19th-biggest NFT market, with $47,000 in trading volume over the past 24 hours according to DappRadar.DJ Steve Aoki’s NFT earnings exceeds music profession“Azukita” tune entertainer Steve Aoki exposed that he makes more from trading NFTs than he has from 10 years of selling studio albums. Aoki hasactually been selling NFTs on the OpenSea NFT market consideringthat March 2021, when his “Steve Aoki” collection dropped. Since then, the collection hasactually takenpleasurein 547 Ether (ETH) in volume traded amongst 953 owners. At a personal Gala Music occasion on Feb. 10, Aoki said: “If I was to truly break down, OKAY, in the 10 years I've been making music, 6 albums, and you culminate all those advances, what I did in one drop last year in NFTs, I made more cash.”Aoki’s collection shows his eager sense of the NFT market. He owns a Yat that serves as his individual URL and hasactually gathered numerous Bored Ape Yacht Clubs and Adidas Originals NFTs worth over $1 million. His newest venture in the NFT area is the “Aok1verse” Metaverse model. Samsung S22 pre-sale deal consistsof NFT drop for KoreansSamsung’s newest upgrade to its S-series of smartdevices hit the market with excitement in South Korea, where early purchasers were dealtwith with numerous advantages consistingof an special NFT.Presale purchasers of the S22 phones and Tablet S8 will get an NFT from Theta Labs, which has had a long-standing collaboration with Samsung. Theta hopes the deal will drive users to its ThetaDrop NFT market, where individuals needto go to claim their NFT.Presale orders for the S22 exceeded those for the S21 by a element of 3 to 4, according to a report from Korean news company Yonhap News.Other Nifty NewsThe New York Stock Exchange might be diving into the Metaverse quickly, as the exchange hasactually signedup to hallmark the NYSE name on numerous blockchains and crypto items. The application consistsof utilizes in virtual truth and enhanced truth softwareapplication, NFTs, and online markets.The CryptoPunks neighborhood is up in arms over accusations that Larva Labs sold lots of v1 CryptoPunks on OpenSea priorto withdrawing acknowledgment of their credibility. The v1 collection had a wise agreement makeuseof that was repaired by providing the v2 collection.Read More.

[ipfs-union]

IPFS is about to explode, become a Filecoin storage provider and win the dividend of the times

At present, the main value expression form of the traditional Internet is content publishing platforms, such as Douyin, Youtube, Instagram, etc. What is the value and market capacity of content publishing platforms?

Obviously, centralized content publishing platforms have become very popular, the market is huge, and huge value has been created.

Is there a decentralized content publishing platform?

The new generation of Internet, bringing the traditional Internet to the blockchain, has extraordinary significance and value.

Today, decentralized content publishing platforms include EOS, but due to over-centralization, they are gradually excluded from the mainstream blockchain value system. To build a decentralized streaming media content publishing platform Theta on the blockchain, the vision is very good, but there is no mention of how to achieve it.

How to realize a decentralized content publishing platform?

Three issues need to be resolved. First, it solves the problem of storage decentralization.

The current IPFS/filecoin solves the first problem, decentralized storage. In the field of distributed storage, IPFS, as a leader, has the most extensive consensus in the world.

Compared with centralized storage, distributed storage represented by IPFS has the advantages of high security, good stability, low storage cost, fast transmission speed, and strong privacy. From a practical perspective, distributed storage has dimensionality reduction attacks on centralized storage.

The gradual large-scale application of IPFS distributed storage technology will become the future of Web3 data storage. Therefore, the deployment of distributed storage technology IPFS by Douyin's parent company ByteDance is a manifestation of this trend. The company's official website recruitment shows that it has begun to recruit "edge/blockchain storage R&D engineers" who are responsible for the design, development and optimization of large-scale distributed storage system software. Familiar with mainstream distributed storage systems such as IPFS interplanetary file system is preferred.

Audius is the first partner of Douyin in the field of music streaming. It has used IPFS for storage, which can ensure the artist's control over his own music, and provide an anti-censorship platform for the expression and dissemination of artistic works and works, so that the works are genuine Be authentic. It belongs to the creator and can freely share, monetize and listen to any audio.

In this way, the decentralized storage IPFS has been applied.

Secondly, it is necessary to solve the decentralized bandwidth, that is, the traffic problem.

BZZ partially solves the problem of decentralization of bandwidth and traffic. However, BZZ only uses decentralized traffic settlement, and its traffic verification mechanism is not perfect, which led to the failure of the BZZ project.

Finally, the problem of decentralized high-performance transactions must be solved.

The high performance of the blockchain is the problem of TPS. These include Ethereum 2.0, and many so-called high TPS blockchains, such as Solana, have not succeeded in solving high-performance problems. But technology accumulation has reached a certain height.

It can be seen that a decentralized content publishing platform is already gaining momentum and is about to be born.

Why do Douyin and Audius use IPFS and switch to a decentralized content distribution platform?

A decentralized content publishing platform that can host China's Douyin, Kuaishou, iQiyi, Tencent Video and other applications. Therefore, the prospects are very broad. Due to the traditional web2.0 Internet streaming media industry, the market value of these platforms has exceeded one trillion US dollars and is showing an explosive growth trend. With such a good development, why do we need a decentralized content distribution platform?

First understand the advantages of a decentralized content publishing platform.

In the traditional Internet industry, content distribution is mainly divided into two parts,

The first is professional content producers, such as China's iQiyi and Tencent Video.

The main costs are traffic costs, storage costs, copyright fees, production costs, etc. Therefore, it is difficult for iQiyi and Tencent Video to make a profit, and even lose money year after year. Among these factors, the main reason is high traffic and high storage costs. As long as there is a decentralized content distribution platform, more than 90% of traffic and storage costs can be saved.

Decentralized content publishing platform infrastructure providers, such as the decentralized storage project Filecoin, storage providers do not care how much traffic and storage fees the platform pays, they are more concerned about how many block rewards the Filecoin project can give him. In this way, a large amount of money can be saved in the initial stage of building a storage server on the platform, which greatly reduces the operating cost of the server.

Therefore, the traditional application is transferred to the decentralized content publishing platform, and the situation of financial pay, pay, and buy platform has been realized. In normal times, it can greatly save costs and achieve rapid profitability.

The second type is content produced by ordinary users, which is also called personally produced content. For example, China's Douyin, Kuaishou, Toutiao, etc.

Individual content producers are disadvantaged groups and have no bargaining power or the ability to bargain with the platform. Want to publish your video content? How many times has your content been viewed or played? How much should I pay? Will you be muted? All this, the platform has the final say.

Therefore, in the traditional Internet industry, the lifeblood of individual content producers is controlled by the content publishing platform. If it is a decentralized content publishing platform, then content creators can publicly know how many times their works have been read, how many times they have been viewed, and how much revenue they have earned. Since then, production relations have changed.

Whether a new technology is valuable depends on two aspects.

First of all, can it improve quality and efficiency and reduce costs?

In addition, can new production relations be created?

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Ue to the implementation of Filecoin ecology, traffic and high-performance transaction solutions, in addition to Audius and Douyin, other centralized content distribution platforms will also turn to decentralized content.

Web3.0 is just a segmented application, and the market size of decentralized content publishing platforms has reached trillions of dollars. As the foundation of web3.0, IPFS/Filecoin decentralized storage will have a big market! This is a great asset! At the same time, IPFS/Filecoin will run through the entire web3.0.

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[coinprojects]

New Post has been published on https://coinprojects.net/infrastructure-bill-passes-coinbase-posts-1-6-billion-in-q2-profit-600-million-stolen-in-defi-hack-hodlers-digest-aug-8-14/

Infrastructure bill passes, Coinbase posts $1.6 billion in Q2 profit, $600 million stolen in DeFi hack: Hodler’s Digest, Aug.8-14

Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link.

Top Stories This Week

  Infrastructure bill passes US Senate — without clarification on crypto

On Tuesday, the controversial infrastructure bill passed in the U.S. senate In a 69-30 vote.

The bipartisan bill proposes roughly $1 trillion of funding into transportation and electricity infrastructure projects. The bill also puts forward more stringent rules for firms handling crypto assets while expanding reporting requirements for brokers, who will be required to report digital asset transactions worth more than $10,000 to the IRS. 

Six senators, including Pat Toomey, Cynthia Lummis, Rob Portman, Mark Warner, Kyrsten Sinema and Ron Wyden, proposed an amendment to the buzz-kill bill on Monday that would exempt software developers, transaction validators and node operators as brokers, while proposing that tax reporting requirements “only apply to the intermediaries.” 

Their efforts didn’t bear fruit, however, with further clarification on crypto not provided.  Senator Toomey flamed the bill in the aftermath, noting that the legislation was “too expensive, too expansive, too unpaid for and too threatening to the innovative cryptocurrency economy.”

  Poloniex settles charges with SEC for operating unregistered exchange

The United States Securities and Exchange Commission, or SEC, announced a $10 million settlement with cryptocurrency exchange Poloniex on Aug. 9. 

Poloniex was charged with facilitating trades in unregistered securities between July 2017 and November 2019. According to the indictment, the SEC also asserted that Poloniex employees were misbehaving, as they actively sought to circumvent securities regulation in a plot to increase the company’s market share. 

On the same day, SEC commissioner Hester Peirce — known colloquially as “Crypto Mom” due to her regular pushback against SEC crypto enforcement — slammed the regulators’ actions in a public statement. 

Crypto Mom questioned the regulators’ opaque regulatory framework that crypto firms must navigate in the U.S. while asserting that, even if Poloniex had tried to register with the SEC, 

they “likely would have waited…and waited…and waited some more” for a verdict.

  Coinbase’s Q2 profits top $1.6B as ETH volume surpasses BTC’s for the first time

Coinbase, the crypto exchange led by media-shy co-founder and CEO Brian Armstrong, posted Q2 profits of $1.6 billion this week. 

The firm released its Q2 report on Tuesday, and its net profit of $1.6 billion marked a mammoth increase of 4,900% compared to the $32 million recorded in the same period of 2020. Coinbase’s total revenue for the quarter was $2.23 billion, beating out analysts’ predictions of $1.78 billion in expected revenue. 

Interestingly, for the first time since Coinbase was founded nine years ago, Ethereum (ETH) had a higher trading volume than Bitcoin (BTC), with the assets representing 26% and 24% of total volume, respectively.

  55% of the world’s top 100 banks reportedly have crypto and blockchain exposure

Despite banks often taking time out of their busy schedules to slam crypto, a new research report found that 55 out of the top 100 banks by assets under management have some form of blockchain or crypto exposure.  

According to research by Blockdata, the banks and their subsidiaries have direct and indirect investments in crypto and decentralized ledger technology firms.

Notable banking giants named and shamed included Barclays, Citigroup and Goldman Sachs, who were reported as the most active backers of crypto and blockchain firms, while  JPMorgan Chase and BNP Paribas were also identified as serial investors in the sector.

    Winners and Losers

    At the end of the week, Bitcoin is at $46,262, Ether at $3,189 and XRP at $1.01. The total market cap is at $1.92 trillion, according to CoinMarketCap.

Among the biggest 100 cryptocurrencies, the top three altcoin gainers of the week are IoTeX (IOTX) at 314.69%, XinFin Network (XDC) at 71.34%, and Ravencoin (RVN) at 71.23%. 

The top three altcoin losers of the week are THORChain (RUNE) at -12.02%, Quant (QNT) at -5.71%, and THETA (THETA) at -2.58%.

For more info on crypto prices, make sure to read Cointelegraph’s market analysis.

    Most Memorable Quotations

  “If #Bitcoin were to catch up to #Ethereum’s performance this year, the No. 1 crypto’s price would approach $100,000.”

Mike McGlone, senior commodity strategist for Bloomberg Intelligence

  “Shutting off this growth engine would be the equivalent of stopping e-commerce in 1995 because people were afraid of credit card fraud. Or regulating the creation of websites because some people initially thought they were complicated and didn’t understand what they would ever amount to.”

Mark Cuban, billionaire investor

  “If you want to store your coins truly outside of the reach of the state, you can just hold those private keys directly. That’s the equivalent of burying a bar of gold in your backyard.”

Nic Carter, co-founder of Coin Metrics

  “This legislation imposes a badly flawed, and in some cases unworkable, cryptocurrency tax reporting mandate that threatens future technological innovation.”

Pat Toomey, U.S. Senator

  “I think we’re already past the stage of crypto early adoption.”

Stephen Stonberg, Bittrex Global CEO

  “We are living in a time where everything is going digital, including traditional assets.”

Austin Woodward, CEO of TaxBit

  “Given how slow we have been in determining how regulated entities can interact with crypto, market participants may understandably be surprised to see us come onto the scene now with our enforcement guns blazing and argue that Poloniex was not registered or operating under an exemption as it should have been.”

Hester Peirce, commissioner of the U.S. Securities and Exchange Commission

  “Bitcoin’s journey to becoming Gold 2.0 has been beautiful.”

Dan Held, Kraken director of growth marketing

Prediction of the Week 

  Bitcoin Technicals: Why BTC price breaking $48K resistance is the key to new all-time highs

Bitcoin has recovered a notable amount of ground in recent weeks. The asset hit its all-time high of almost $65,000 back in April but subsequently fell in the days and weeks after, finding its way down to around $30,000. On multiple occasions, the asset briefly fell below $30,000. 

Recent weeks, however, have shown bullish price movement for Bitcoin, as the asset has posted chart action seemingly indicative of a reversal, based on analysis from Cointelegraph’s Michaël van de Poppe. 

The $48,000 price range on Bitcoin’s chart sits as notable resistance. A move past the price zone of $47,500 to $49,000 could signal a possible further move up to eventual fresh all-time highs, although van de Poppe noted $55,000 as a nearer-term target following a break of the mentioned resistance zone. Alternatively, should Bitcoin’s price break down, a number of levels of price support exist, with $37,500 as an important level to hold.

FUD of the Week 

  Coinbase removes ‘backed by US dollars’ claim for USDC stablecoin

Earlier this week Coinbase tweaked its description of number-two stablecoin USD Coin (USDC) to paint a picture of a slightly less-than-stable coin. 

Coinbase made the change following an audit showing that USDC’s reserves weren’t all held in cash. The previous statement read: “Each USDC is backed by one dollar held in a bank account.” 

The new statement reads: “Each USDC is backed by one dollar or asset with equivalent fair value, which is held in accounts with US regulated financial institutions.”

While this might be a blow to USDC owners Circle, the firm’s stablecoin cash reserves are likely larger than Tether’s and its USDT.

  Alex Saunders sued for $350K by Nuggets News follower

Alex Saunders, the Aussie behind popular crypto YouTube channel Nuggets News, is being sued by a disgruntled investor for almost 479,270 Australian dollars, worth roughly $353,027. 

Plaintiff Ziv Himmelfarb filed a formal written order demanding that the YouTuber pay the amount in losses and damages for unpaid loans and allegedly bogus investments. 

Himmelfarb stated that it was a “no-brainer” to trust Saunders when he was asked for loans and offered investment opportunities by the crypto influencer, as he had been following him since 2017 and found him to be a reputable figure in the space. 

“When he told me he had temporary liquidity issues in May, I was glad to help with a short-term loan, but couldn’t get any of my money back since then. Hopefully I can get repaid,” Himmelfarb said in regard to his alleged 30 ETH loan to Saunders.

  DAO Maker crowdfunding platform loses $7M in latest DeFi exploit

DAO Maker, a crowdfunding platform focused on raising money for crypto projects, was exploited by hackers who stole $7 million worth of USDC out of 5,251 user accounts. 

According to DAO Maker CEO Christoph Zaknun, the hackers were able to syphon around $7 million worth of USDC.

“One of the reasons why this did happen is probably that the amount of deposits within the [Strong Holder Offering] contract really exceeded our expectations,” said Zaknun in an AMA on Twitch. “Initially, we never expected more than $2.5 million to be deposited in there, but over time, the SHOs became very popular.”

Cointelegraph didn’t reach out to the hackers to provide comments, as nobody knows who they are.

  Best Cointelegraph Features

Large hodlers accumulate Bitcoin below $50K as BTC transactions over $1M soar

The dominance of Bitcoin transaction values above $1 million has doubled year-over-year, hinting at a rising institutional involvement in the cryptocurrency space.

Is the cryptocurrency epicenter moving away from East Asia?

East Asia has experienced a major decline in crypto adoption over the past year when compared with other regions.

Measuring success: Offsetting crypto carbon emissions necessary for adoption?

Crypto companies are doing their best to go green by offsetting Bitcoin carbon emissions, but how accurate are their estimates?

Source link By Cointelegraph By Editorial Staff

#AltcoinNews #Bitcoin #BitcoinNews #BlockchainNews #Coinbase #CoinbaseNews #CryptoNews #WeeklyUpdate

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[bobasheesh]

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