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Jail Kwon – The World’s First Educate2Earn Token Skyrocketed by 500% On News Of Arrest Warrant Against Terra’s Founder

Jail Kwon - The World’s First Educate2Earn Token Skyrocketed by 500% On News Of Arrest Warrant Against Terra's Founder

LAS VEGAS, NEVADA / SEPTEMBER 23rd, 2022 / According to information provided by the cryptocurrency monitoring company Messari, the value of a recently introduced meme coin known as Jail Kwon shot up by 500% on September 14 and reached a high of $0.00128. The fact that the South Korean authorities have issued an arrest warrant […]

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5 leading web3 Entrepreneurs from Australia and New Zealand share their exponential success and advice

5 leading web3 Entrepreneurs from Australia and New Zealand share their exponential success and advice

These following entrepreneurs have not only scaled significant opportunities in the web2 market but have also transitioned and applied their genius in the web3 and crypto space. Already in just a short few years and months, they have created incredible success and communities. Five of the fastest upcoming names share their insights into web3 and […]

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What it Means to “Own” Your Online Credentials

Googling “What are online credentials?” is quite like taking a shot in the dark. Results may differ across the likes of “banking credentials”, or “one’s online username and password”.  Although these versions are also correct, they only cover the very basics of online credentials. In a more expansive and elaborative sense, online credentials pertain to a user’s online behavioural patterns, looking at how they use an app, analysing different aspects such as how many hours they spend on certain features, which aspects of the app they use most, and so much more. What Are Online Credentials Used For? Online credentials can be used for a number of purposes, including targeted advertising, or the improvement of web app user experiences. The different data collected for these purposes include personal demographics (age, location, gender, etc) as well as behavioural patterns (locations visited, interaction with different pages, etc). With such a massive range of data being collected from individuals –  corporations have access to a pool (or more so an ocean) of data, for the benefit of their business. Who Owns Credentials and How is it Stored? One would automatically assume that their own personal information that they add onto the likes of Instagram would be their own intellectual property. In fact – this cannot be further from the truth.  As soon as a user signs up to a Web2 social media platform, the information that they have uploaded is now owned by the corporation in question. Unfortunately, through agreeing to the terms and conditions of these Web2 apps (which are more than often not read through by the users due to the thousands of pages), the user grants access to the corporation and is then left with little to no wiggle room when it comes to deciding who can or cannot use their online credentials, and how it is used. Through this ownership, Meta is able to make billions through the use of personal data, making an estimated profit of $117.92 Billion in 2021, with an approximate 43% of this total revenue coming from North America (albeit only 10% of Meta users bring based in North America.)  The benefit or rewards that users reap from sharing their personal data, helping Meta make billions? None. The simple gesture of being able to use an app such as Facebook, Instagram, or Whatsapp is what users get in return for their data. Apart from the non-existent benefits for Web2 users when it comes to online credentials, the lack of privacy is yet another issue. With millions of users’ private data being stored on one centralised system, there is an extremely high risk of data breaches. This proved to be true when  530 million Meta (Facebook) users were victims of one of the largest Web2 data breaches, where not only was their private data used by Cambridge Analytica without their consent – but it was also later leaked on another forum. Enter the World of Decentralization Considered to be the next version of the internet, Web3 is mainly characterised by its decentralised model, which is built on blockchain technology. This decentralised version of the web means that instead of companies such as Meta and Google mediating and controlling data on the web, users of Web3 are the ones who own and govern their own data online, made possible through the use of blockchain, cryptocurrencies, and NFTs. In Web3, ownership covers the ownership of information, meaning that in future Web3 social media apps, content posted by users would each have a smart contract attached to it – granting true ownership to the content creator in question. What does it mean that users actually “own” a part of the web? In Web3, digital identities make use of self-sovereign identities (SSL), which move identity credential management from a centralised silo system (as seen in Web2) to a peer-to-peer model, using the likes of public-key cryptography, decentralised identifiers and blockchain. In turn, this model gives users the power to decide how their information is distributed by websites, services and applications across the web, as the point of connection has been shifted to the individual user, as opposed to the corporations. The Rewards are Endless Shifting the ownership of online credentials to individual users is not the only benefit that Web3 offers. GALXE, the largest Web3 credential data network in the world, offers Web3 users benefits that go way beyond shifting the ownership of their online credentials from corporations to the individuals. Through GALXE’s multiple Application Modules which include Credential Oracle Engine and Credential API, data curators now have the opportunity to be rewarded and monetise their credentials, thanks to the open and collaborative infrastructure provided by the data network. The ecosystem of GALXE can be easily accessed by all Web3 developers and projects, allowing them to leverage credential data –  ultimately helping them to build better products and communities for their users. Are You Ready to Take Your Power Back? Looking at the differences between Web2 and Web3 in terms of data ownership – it is clear that Web2 favours giant corporations, leaving individuals powerless in terms of how their data is used. The emergence of Web3 is shifting the notion of how online credentials are used and is truly giving individuals their well-deserved power back. With the help of networks such as GALXE, both Web3 developers and individual users are given an opportunity to benefit and thrive in this new age of the web. Are you ready to take your power back with Web3 online credentials?  

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Major Ethereum (ETH) Competitor Makes Cosmic Leap As Metaverse Tokens ApeCoin, Flow, and Axie Infinity Rally

Ethereum (ETH)-competitor Cosmos (ATOM) is surging as the crypto markets spark a comeback led by the leading digital asset Bitcoin (BTC) and a handful of metaverse tokens. Cosmos, which is a layer-1 blockchain, rose from a seven-day low of $11.67 on September 6th to $16.54, a staggering 41.7% increase. ATOM has since stabilized and is […]

The post Major Ethereum (ETH) Competitor Makes Cosmic Leap As Metaverse Tokens ApeCoin, Flow, and Axie Infinity Rally appeared first on The Daily Hodl.

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Meta Reveals Cross-Posting NFT Compatibility Between Facebook and Instagram

meta-reveals-cross-posting-nft-compatibility-between-facebook-and-instagram

Meta, the corporate entity behind the social media platforms Instagram and Facebook, has revealed that non-fungible token (NFT) support now offers cross-posting compatibility between the two major social media platforms. The digital collectible-sharing ability follows Meta rolling out NFT and Web3 wallet support to 100 countries during the first week of August. Meta’s NFT Rollout More

The post Meta Reveals Cross-Posting NFT Compatibility Between Facebook and Instagram appeared first on BTC Ethereum Crypto Currency Blog.

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Challenging Tiffany & Co. and What Could be the Most Expensive Public Sale in NFT History

Are diamonds an NFT holder’s best friend? The answer might be yes for a few hundred CryptoPunks holders, and it could soon be the same for thousands of others. Tiffany & Co., the well-known luxury jeweler and specialty retailer, made a lavish entrance into the NFT space this month, raking in more than $12.5 million from its first NFT collection that sold out less than 30 minutes after launch. Limited to a supply of 250, the exclusive collection is the fruit of a partnership between Tiffany and Chain, a blockchain software development company. Tiffany first announced its unique NFT collection at the start of August. Dubbed NFTiff, each 30 ETH purchase gives buyers a Tiffany pendant of a CryptoPunk in their collection and a digital version that replicates the physical design. The luxury brand said each custom, one-of-a-kind pendant would be made out of 18k rose or yellow gold with at least 30 gemstones. Jewelers will color-match the enamel and gemstones to mimic the Punk’s virtual hues. Anyone can buy an NFTiff, but only CryptoPunk holders have the ability to embark on the customized jewelry experience. Tiffany noted renders of the pendants would be ready by October, with the physical jewelry heading to owners by mail in 2023. The unique foray into the NFT world is made possible through CryptoPunk owners “leveraging their IP rights” and does not directly involve CryptoPunks or the Larva Labs parent company. Global Fashion Brands Continue Diving Into The NFT World Unsurprisingly, the news stirred up a lot of opinions. Some expressed excitement that a luxury jewelry brand targeted wealthy buyers with an exclusive product. Others wondered about the timing amid Ether’s continued price slide and moves by NFT creators to lower asking prices. On August 1st, CryptoPunk trade volume surged by 1,847% in a 24-hour period, seemingly tied to Tiffany’s announcement of its exclusive NFT collection. Tiffany’s announcement adds the famed retailer to a growing list of fashion-based brands engaging with NFTs and Web3. Adidas teamed up with Bored Ape Yacht Club for an NFT project focused on digital garments, while Gucci has worked with the SuperRare marketplace on a few NFT collaborations so far. Many wonder if Tiffany’s move into the NFT world represents a new frontier for jewelry collecting. A news release from the jeweler highlights how Vice President Alexander Arnault helped inspire the collaboration with Chain after posting his own customized Punk pendant earlier in 2022. Chairman Bernard Arnault mused about Web3 in January and explained how applying the metaverse and NFTs, “…can undoubtedly have a positive impact —if it is well done — on the activity of the brands, but it is not our objective to sell virtual sneakers at €10. We are not interested in that.” Tiffany’s move remains unique within the NFT world. It has an air of exclusivity, with the NFT’s starting price and the brand behind it that’s not really been seen before. Thoughts are crypto whales will highly covet NFTiff as buyers will receive both an NFT and a bespoke piece of Tiffany jewelry. Is A New Era Approaching For Jewelry Collectors? After Tiffany & Co. quickly sold out its limited collection, other brands may now be wondering what they can take away from its great success. This has been top of mind for artist Johnathan Schultz, but his journey into the NFT space began many months ago, long before the NFTiff launch. Schultz is an innovative, luxury artist who is already renowned for incorporating precious metals and diamonds into his work. Schultz understands how high-end collectors value physical jewelry and unique digital art, and is now laser focused on integrating physical jewelry with NFTs. Based out of Las Vegas, the South African artist and entrepreneur has gained prominence for integrating precious metals and diamonds into his work and for trailblazing new applications of both in larger-scale projects. One way is through the GemSet NFTs. According to the project, each NFT in GemSet’s 10K Generative collection is associated with a diamond, which underlies each NFT to incorporate real life elements of Schultz’s art into the digital collection. Prior to GemSet, Schultz spent a great deal of time giving back to the community. Schultz has been involved in a number of charitable events including with Ride2Revive, an organization which helps children with life-threatening illnesses. Schultz also donated an exclusive $150,000 multi-layered gold basketball piece to help fund Hennessy’s ‘Unfinished Business’, a non-profit that provides relief and support to small business owners. Currently at GemSet, team members are building an Artist Launchpad to solicit funding applications for creatives looking to jumpstart their careers. Artists who are holders of the Gem NFT will also have the opportunity to study under Schultz and succeed in the commercial art world. The mint date for GemSet and the price are not yet set, but those interested in the project can visit the official website, Twitter and Instagram for more details and updates.