Crypto News

5 Up-and-Coming DOGE Projects that Might be Worth Your Money

In the 2021 bull run, cryptocurrencies that played on the dog theme dominated the market. It all started on April 2nd, when Elon Musk tweeted “Dogecoin might be my fav cryptocurrency. It’s pretty cool.” In the weeks that followed, Dogecoin – cryptocurrency’s original meme – skyrocketed from a meager $0.05 to a high of $0.75 on May 7th. That means a DOGE holder who had $100 of Dogecoin on April 2nd would have had $1500 less than a month later. With the Tesla CEO incorporating DOGE into its accepted payments for merchandise sales and supercharging stations and suggesting that people who subscribe to Twitter Blue should be able to pay with Dogecoin, DOGE itself (approximately $0.08 at the time of writing) still has massive upside potential. But many feel as though they’ve missed out on the asset’s heyday. They’re looking for the next 10,000x that only comes from early adoption. These five dog-themed coins have the potential to do just that. Baby Doge ($BABYDOGE) is a deflationary token designed to become more scarce over time. They charge a 5% fee for each sale of the asset and redistribute that fee to Baby Doge Coin holders – meaning the longer you hold, the more you can earn. It’s worth noting that Musk himself tweeted about Baby Doge on July 1st 2021. Currently, Baby Doge sits at $263 million market cap. Dogelon Mars ($ELON) is a dog-themed project that seeks to outpace Dogecoin’s success. As the website says, “I am Dogelon. Dogelon Mars. Join me and together we will reach the stars.” The page refers to Musk’s vision of colonizing Mars – though the controversial billionaire has yet to mention the asset. ELON is currently ranked #126 on CoinMarketCap with a market cap of $267 million. Mini Doge ($MINIDOGE) started as a deflationary meme coin, but it’s since evolved into a Web 3 ecosystem complete with a play-to-earn adventure game that allows holders to earn NFTs and more tokens as they go. Mini Doge has a market cap of only $2.3 million. Pulse Doge Win ($PULSEDOGE) is a community meme token that was built on Binance Smart Chain with the intent of bringing adoption to PulseChain – a new layer 1 blockchain set to launch later this year. The website claims that those who hold PulseDoge on BSC at the time of PulseChain’s launch will receive an equal 1:1 airdrop on PulseChain. This means that if you buy the token now, you’ll get double for your money. PulseDoge has a $7.5 million market cap. Dogechain ($DC) is an up-and-coming layer-1 blockchain designed to give DOGE more DeFi utility. For a limited amount of time, $DOGE holders will be able to freeclaim $DC tokens when they bridge their DOGE over from centralized exchanges or other chains. Staking bridged $DOGE will yield $DC tokens over time, while staking $DC will allow users to earn yield, prizes, rewards, and voting rights on the Doge DAO. This means that buying $DOGE now could yield exponential gains when $DC launches. Additionally, the DogeChain team has been conducting a grand-a-day giveaway for the entire month of May. There are still a few days left to get involved. 2021’s epic bull run is over, but there will be another bull market, and people love their dogs. Dog-themed projects will continue to dominate the memecoin space for the foreseeable future. Will you 1,000x?  

Bitcoin

Polkadot Pioneers Prize Names Manta Network The Architect “Open Division” Competition Advancing Zero-Knowledge Technology

Earlier this year, Polkadot, the interoperability-focused blockchain network, launched the Polkadot Pioneers Prize to attract new talent and accelerate the advancement of zero-knowledge (ZK) technology and the overall Polkadot infrastructure. Through the Polkadot Pioneers Prize, Polkadot’s plug-and-play privacy protocol Manta Network has joined 22 other ZK companies, funds, and foundations to launch ZPrize – an […]

Crypto News

Mykola Udianskyi Wins “Best Digital Currency Influencer 2022” at WIBA Awards in Cannes

The fourth annual WIBA awards (World Influencer & Blogger Awards) have just concluded in Cannes, France, with Ukrainian IT entrepreneur and crypto guru Mykola Udianskyi winning the “Best Digital Currency Influencer 2022” award. And this year, it was the people of Ukraine who were the focus of the event, with the format of the ceremony being changed to that of a gala dinner and fundraiser to help the country’s most in-need citizens. And Mykola wasn’t the only Ukrainian to win an award this year. Over the two days from May 18th to 19th, four other Ukrainians walked away with awards, including bloggers and YouTubers. Mykola receiving this award will not surprise those within the crypto industry due to his tremendous experience across the cryptocurrency, blockchain, and media industries. After receiving his honor, the first-time winner said, “I am so grateful for this award. I am proud that I am Ukrainian, and I am proud that I am here. Thank you all for supporting Ukraine. We are all like one family now, and we all have one problem. Glory to Ukraine!” Mykola Udianskyi is co-founder of the popular QMALL platform, Ukraine’s first government-regulated cryptocurrency exchange, and CEO of Prof-IT, an IT company providing blockchain solutions for web and mobile applications. In addition, Mykola is the CEO of global marketing company PRMR, a co-owner of Parliament Media Group Holdings and president of EHOLD, a company that created many of the world’s best-rated cryptocurrency exchanges. In this industry, there are few others who can bring this type of experience to the table. Because of this, Mykola has enormous influence in the blockchain and crypto world, as well as the knowledge, expertise and resources to make things happen for any project he becomes involved with. When he joins or starts a project, it draws serious interest from the public and investors alike. In short, Mykola Udianskyi’s involvement has the power to move both share prices and cryptocurrency values. Thus, when he recommends a new crypto coin or up-and-coming blockchain project on his Instagram page, you can be pretty sure it will be a major success. As the owner of a growing media empire, Mykola regularly mingles with the great and the good at various launches, promotions and events. Most recently, Mykola has collaborated with many famous YouTube vloggers and has just announced that he is launching a crypto TikTok house. House residents will be famous bloggers and celebrities who want to become more involved in the crypto-world and metaverse. An entrepreneur, crypto visionary, blockchain trailblazer, and now an award-winning influencer and trendsetter, it seems there’s no end to Mykola’s talents.

Crypto News

Why Are GameFi Projects Crucial Contributors To Crypto Adoption?

The gaming industry is pegged to hit the $200 billion mark by 2024 and is constantly outperforming expectations. Play-to-Earn (P2E) is trending in GameFi, besides being a significant catalyst for crypto adoption. According to Triple-A, the total revenue from blockchain gaming has risen from $321 million in 2020 to $1.5 billion in 2021. Blockchain-based games have attracted 1.22 million unique active wallets (UAW) in Q1 2022. Popular titles like Axie Infinity and Decentraland accounted for 22,000 of those. The promise of decentralized ownership, inclusive decision-making procedures, and attractive financial incentives are the primary factors drawing gamers to P2E. GameFi’s success has been a massive push for crypto and blockchain’s acceptance and legitimacy, propelling adoption. GameFi — Gaming That Pays for Real GameFi combines gaming and finance, as the name suggests. It is the financialization of video games using blockchain-based methods to let users monetize their gaming experiences. Play-to-Earn (P2E) is a primary feature of this model. Traditional games have centralized business models where producers retain the maximum profit share, whereas in-game assets aren’t interoperable. Gamers thus have little or no way to monetize grinding or in-game achievements. Moreover, gaming studios have the final say over the game’s development trajectory, the supply of in-game assets, and their use cases. On the other hand, P2E games adopt the principle of decentralization, letting gamers receive crypto-based rewards for achieving in-game goals. Gamers also retain their in-game items—like avatars, modifications, weapons, pets, and land—in non-fungible tokens (NFTs).  GameFi thus ensures genuine ownership of in-game assets while making them interoperable and tradable in secondary markets. Crypto Community’s Response to GameFi Projects There is a growing recognition that GameFi boosts engagement in the entertainment sector by integrating gaming and financial processes as giants like Epic Games and Ubisoft are diversifying their ventures to develop blockchain games that support crypto and blockchain-based assets. Games like Fights of the Ages (FOTA) are on a quest to provide more immersive blockchain gaming experiences. FOTA is a AAA multiplayer online battle game with a fantasy universe inhabited by various races. The game utilizes NFTs to allow digital property ownership and let users own valuable assets, collectable through the gameplay. The in-game economy enables players to earn by competing in tournaments and races. FOTA’s metaverse integrates Microsoft Mesh, the world’s first platform supporting Mixed Reality (MR). This provides players with a highly immersive experience, blurring the virtual and real worlds. Final Thoughts GameFi creates an environment where gamers can use their skills to earn crypto while playing. This provides an incentive for gamers and educates them on the benefits of using cryptocurrencies. Gamers also benefit from faster and more secure crypto transactions. This makes gaming a more enjoyable experience since players no longer worry about waiting long durations for their payments. Though blockchain games are still in the nascent stages of development, they are positioned to compete with traditional pay-to-play and free-to-play games while disrupting the gaming sector. The economic incentives they carry will push the adoption of cryptocurrencies, blockchain, and digital assets forward.

Bitcoin Blockchain Crypto News

Decentralized oracle network for Algorand blockchain Algoracle closes $1․5M seed round

Algoracle, a decentralized oracle network that links the Algorand blockchain to the physical world, announced today it recently closed a seed funding round for $1.5 million (USD) to help accelerate the development and launch of Algorand’s native decentralized oracle network. Algoracle’s seed round was led by Borderless Capital, with major contributions from the Algorand Foundation, Valhalla Capital, and Big […]

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Crypto News

Taki Enters The Indian Market with First of its Kind Engage-to-Earn Crypto Economy

Taki, a blockchain-based social media platform that rewards users for their engagement with quality content, has announced a milestone of reaching approximately 600K users on the product waitlist. With the IEO launch of the $TAKI token, TAKI DAO raised $360K USD from individuals around the world. This, along with the fact that trading started at 10x the IEO-price of $0.04, is a strong indicator of community excitement. Trading volume peaked at $58M before settling down with three exchanges adding the token by the IEO day’s end. Earlier this month, Taki raised $3.45MM USD through 11 marquee global web3 investors, including Solana Ventures, CoinDCX, OKX Blockdream Ventures, Alameda Research, Formless Capital, Gemini Frontier Fund, and Coinbase Ventures. While expressing excitement over the achieved milestones, Taki’s co-founder Sakina Arsiwala said, “Taki wants to empower creators and give them a platform to bring forward their content and earn an income. With this IEO launch, users can better  understand our vision and gain more confidence in Taki’s future growth.” The success of Taki’s IEO is a testament to the growing interest in cryptocurrency and blockchain in India. What is Taki? Taki’s rapid growth and adoption can be attributed to its unique value proposition, which is to establish a first-of-its-kind engage-to-earn crypto economy. Users can engage with their favorite content creators, create their own content, and earn TAKI tokens along the way. Taki was founded to be easily accessible and serve as a gateway into Web3 while addressing the fast-growing demand for alternative social media engagement channels, especially given the rise of censorship across centralized social media platforms. With Taki, users not only have the freedom to engage with the content they love, but they also get cryptocurrency rewards for producing their own content. Powered by the RLY protocol and built on Solana’s blockchain, Taki can get accessed through a mobile app that is capable of some of the fastest transaction throughputs in Web3. Taking into account the interest shown by the over 600,000 users on its waitlist, Taki is already proving to be more than just an alternative, but a next-generation social media platform for all. According to the platform’s co-founder Arsiwala, “The platform is designed in a way that anyone can use it, even those who are not well versed with crypto. This is where the $TAKI token will play its charm.” Arsiwala added that, “With $TAKI token, creators, users, and crypto-enthusiasts will be able to monetize their engagement and content on the platform.” Moving towards web3 Social Media Over the years, there has been a growing shift towards decentralization as users become more aware of the benefits of web3 applications. At its core, web3 products such as Taki enable users to both have more control over the content they produce and also get rewarded for engagement. This is in stark contrast to the current web2 social media landscape, which is dominated by a handful of centralized platforms that have been known to censor content and throttle user growth. The Taki team believes that now is the time for a shift in how social media platforms operate. Taki is governed by a DAO (Decentralized Autonomous Organization), which ensures that decisions are made swiftly and in a decentralized manner. This decreases the chances of centralized censorship taking place. According to the team, creators will see their content distributed across multiple platforms instantly, with rewards going directly into their wallets within minutes. As noted by Arsiwala, “Taki wants to empower creators and give them a platform to bring forward their content and earn an income.” Conclusion Despite regulatory uncertainty concerning crypto by the Indian government, the Indian population remains one of the most crypto-savvy demographics in crypto and blockchain worldwide. After the ICO boom of 2017, India’s government has refrained from terming crypto as legal. Even so, the country has moved forward to introduce a 30% tax on cryptocurrency transactions, which could be a sign of good things to come for the overall crypto community in India. Given the growing demand for web3 applications in the country, Taki is progressing on its mission to be a gateway for crypto-enthusiasts in India and around the world.