Tezos ‘Florence’ upgrade is coming—here’s what you should know

Tezos is bringing on Florence, its sixth consecutive network upgrade that is scheduled to go live Monday night.

It marks the second upgrade in just 3 months, in a move that is seen by industry players as warp speed development for this powerhouse blockchain network.

Florence features a range of bug fixes and other improvements; developers can look at the change log here.  

Tezos improvements

Increased Maximum Operation Size: Operation size has jumped from 16kB to 32kB which allows for smart contracts that are double the size and a good solution for more complicated apps.

Gas Optimizations:  Tezos have managed to reduce gas consumption in the execution of smart contracts. This enables more complicated smart contracts to work more economically.

Baking Accounts: Some developers use baking accounts, Tezos is now compatible with all new code. 

Depth First Execution: Order: A feature to help simplify the lives of smart contract developers, as it is now much more simple to deal with inter-contract calls.

No More Test Chain: This makes the test chain activation process obsolete; the testing period is now known as the “cool-down period.” The protocol is now tested using external test chains that work outside of the mainnet voting process.

With Florence now complete developers are being encouraged to test their own Tezos related apps to check for compatibility problems. 


The last upgrade before Florence was Edo, which rolled out three months ago, and offered up some excellent features including Tickets, the Adoption Period, and Sapling. Florence now builds on Edo to enhance the ever-evolving protocol.

Tezos’s growth has been impressive, with some calling the protocol the “Ethereum Killer,” as the number of transactions draws closer to that of Ethereum’s. Activity has now passed 1 million contract calls in a single month, which shows an increased user engagement across the Tezos ecosystem. 

One area to highlight is that of NFTs, with marketplaces like Hic et Nunc and Kalamint helping to propel activity for the network. Couple that with the native token behind the protocol, XTZ and analysts predicting strong growth for the coin going into 2022, all of which celebrate this high-performing, low carbon emission alternative to Ethereum.

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Hashmasks and Terra Virtua to split royalties from the vFlect Hashmasks collection

Owners of the Hashmasks NFTs will be entitled to royalties from the sale of this unique collection.

Terra Virtua, the purveyor of robot characters called vFlects, is partnering with Hashmasks, a leader in conceptualized NFTs, to launch a unique NFT collection called the vFlect Hashmasks. The unique partnership creates a new group of NFT collectibles, pairing legendary vFlects with infamous Hashmasks.

After unveiling a special collaborative line of NFT collectibles, Terra Virtua published a waiting list for current Hashmask owners to license their NFT holdings for the vFlect Collection.

With more than 120 people on the waiting list and 500 more in line before a week of scheduled drops, it is the first-ever scenario where an NFT owner will benefit from their tertiary holdings. Both platforms have joined hands to implement a “rolling royalty” ecosystem where NFT owners of Hashmasks will be entitled to royalties and proceeds from the forthcoming vFlect Hashmasks Collection sale.

According to Jawad Ashraf, Co-Founder and CTO of Terra Virtua:

“Letting the community create and earn from these NFTs is a first in the industry, and I expect we’ll see more and more of these collaborative NFT drops — including from us.”

The first collection of 73 Hashmasks, launched on April 30, sold out in less than five minutes, making it the fastest-ever sale on the Terra Virtua marketplace. This marketplace is a unique virtual environment where you can collect and immerse yourself in a world of digital objects.

Combination of unique and rare collectibles

Terra Virtua, launched in Staines, England, by Jawad Ashraf and Greg Bracey, is the first fully immersive, blockchain-driven VR entertainment Platform. The vFlects™ are the platform’s original 3D animated bots that are hugely popular within the crypto and NFT space. Each vFlect is powered by an internal core reflected by their ocular sensors emitting the light.

Hashmasks involves over 70 artists and 16,384 unique digital portraits, curated by Suum Cuique Labs from Zug, Switzerland. By owning any of the Hashmasks, you accumulate the NCT token daily, which allows you to choose a name for your portrait on the Ethereum blockchain.

For this brand new initiative, which showcases the power of multi-platform collaboration, Terra Virtua’s vFlects will be paired with Hashmasks that they will be visually wearing, making it the rarest and most unique set of collectibles set to drop on the Terra Virtua marketplace.

Suum Cuique Labs added:

“Each Hashmask is truly unique and subjectively valuable to each of its holders. Combining them with a vFlect robot not only opens up even more ways to add meaning and beauty to them, but also allows NFT owners to monetize their works of art like never before.”

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Crypto.com signs exclusive deal with Italian football league to launch crypto and NFTs

Partnering with Crypto.com, Lega Serie A marks its entry into the world of non-fungible tokens (NFTs) with plans to drop a set of collectibles commemorating the 74th Coppa Italia final match between Atalanta and Juventus.

“We are proud to collaborate with an exceptional partner such as Lega Serie A, the latest in an exciting roadmap of sports partnerships we’ll soon be announcing,” said Kris Marszalek, co-founder and CEO of Crypto.com, in a statement.

First Set of Limited-Edition 2021 Coppa Italia NFTs

The final between Juventus and Atalanta on May 19 will ordain the winners of the 2020-21 Coppa Italia, the 74th season of Italy’s star-studded football league. 

Organized by the Lega Serie A, the much-awaited final will be played at the Mapei Stadium, Reggio Emilia, for the first time in these many years. Besides, it is also the first time when Juventus and Atalanta will meet head-to-head in the finals.

Lega Serie A has signed an exclusive deal with one of the world’s fastest-growing crypto exchange and NFT platforms, Crypto.com, to commemorate these special milestones. The long-term partnership starts with Lega Serie A releasing exclusive limited-edition NFT collectibles for the upcoming Coppa Italia finals on Crypto.com/NFT.

There isn’t an official statement yet, but Lega Serie A and Crypto.com have hinted that the drop will include NFTs for the original Coppa Italia trophy, match highlights, and other related collectibles. By officially partnering with Crypto.com, Lega Serie A engraves its name in history as the first football league to integrate cryptocurrency and NFT into its ecosystem, setting a precedent for other football clubs to follow.

 Fan engagement using blockchain technology

Blockchain technology has the potential to disrupt the sports industry. For instance, football leagues can use it for fan engagement (ex: issuing virtual club-specific currencies, sports memorabilia/collectibles, etc.). Besides, there has been an explosion of interest in digital currency.

Crypto.com is one of the world’s largest cryptocurrency exchanges with more than ten million registered users. It recently launched a dedicated platform for trading and collecting NFTs, curated from the fields of art, design, sports, and entertainment.

The platform has already partnered with Aston Martin Cognizant Formula One Team, helping them launch their first batch of NFTs, designed to celebrate the return of the infamous racing club after an extended break of 60 years.

Crypto.com is poised to be the game-changer with an array of services and features, giving new meaning to collectibles, fan engagement, rights management, asset tracking, and more.

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How Constellation is perfecting blockchain onboarding for big enterprise

While large enterprise adoption might be one of the least sexy topics in the fast-moving world of crypto and blockchain, it just might be the most important catalyst to a futuristic reality where everyone and everything is being recorded on a distributed ledger.

As a global economy, we’re now in a transitional phase where some quick actors have been keen to get ahead of the game by ensuring their infrastructure is built on the most advanced tech available. 

However, many large tech brands who play a pivotal role in making the world go-’round have been running on all sorts of archaic technology that is quite simply put, just not efficient enough to keep up the pace. To get some deeper insights into mainstream adoption, we had a chance to sit down with Benjamin Diggles of Constellation Network.

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Reef Finance is iterating the ‘IDO’ Model with new ReefStarter Platform

Cross-chain DeFi operating system, Reef Finance has released an Initial DEX Offerings launchpad on its Substrate-based blockchain, Reef Chain. Simply named the “ReefStarter”, the new offering is a decentralized IDO platform empowering crypto projects with the ability to distribute tokens and raise liquidity.

ReefStarter is the industry’s first IDO platform exclusively built to support the ever-growing DeFi sector. Through the innovative system, ReefStarter has found a solution to incentivize and reward all token holders in a fully decentralized and transparent manner, with a low barrier to entry.

The hallmark of ReefStarter is a system that allows liquidity providers to farm tokens and compound them at regular intervals. This guarantees an allocation to users in every tier without spending too much on gas fees and giving back all their returns to the miners.

ReefStarter will also provide projects with rapid and cheap token swaps. They can aggregate additional liquidity from multiple sources into the Reef ecosystem with more ease and convenience than ever.

By deploying on the EVM-compatible Reef Chain, hosted IDOs can port their existing applications from Ethereum without base code alteration. Reef Chain achieves smart Defi visibility through integration with Ethereum, Polkadot, Cosmos, Avalanche, and the Binance Smart Chain.

Multichain is the future of IDOs

That multi-chain feature not only allows IDOs to access plentiful liquidity from other major blockchains but also resolves pain points where crypto fundraising campaigns failed because they relied on a single chain and lacked accessibility and openness. Reef also offers direct contact for projects that are interested in launching their IDO with ReefStarter.

Reef Finance explains:

“Projects that already released an ERC-20 version of their token will be able to migrate them to Reef Chain and back, allowing them to enjoy the perks of ReefStarter without having to make changes to their roadmap.”

Reef Finance’s liquidity aggregation and multi-chain smart yield engine already allow the integration of any DeFi protocol. With the new offering, the non-custodial platform is carving out a new niche in a sea of complex financial solutions by serving risk-averse investors with a single point of entry.

Denko Mancheski, CEO at Reef Finance said:

“The IDO has quickly become the most effective and decentralized way to raise funds for new projects. But high gas fees tend to ruin the IDO experience for both founders and buyers, which is why we launched ReefStarter. By using the scalable and interoperable Reef Chain as a base, we can offer the most seamless and cost-effective IDO platform.”

While DeFi appeals to investors because of faster-operating speeds, Reef Finance catches up with the trend by providing users with many yield options, but without navigating a sea of complex protocols.

Reef Finance project has experienced strong growth since its inception late last year along with the boom of the DeFi industry. The IDO platform complements Reef Finance’s product portfolio that aims to create an ecosystem to combine all of the various DeFi applications in one place.

Managing such a diverse package of investment opportunities within crypto, and specifically in decentralized finance, would have been hectic without Reef Finance’s aggregation solutions.

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YouHodler is giving away a 2021 Tesla Model Y in honor of Bitcoin pizza day

In honor of the upcoming Bitcoin Pizza Day on May 22nd, and inspired by Tesla CEO Elon Musk’s recent crypto investment, YouHodler is giving away one brand new Tesla Model Y to one lucky client for just $1,000.

Do you want to buy a Tesla with Crypto? (now you can)

There are countless overlaps between the Tesla and crypto communities. Both have an intense love for innovative technologies and a general disdain for “the norm.” Hence, it made perfect sense to YouHodler to combine the best of both worlds with this new promotion. With Elon Musk announcing Tesla’s entry into the crypto market recently, the ability to buy a Tesla using cryptocurrency is right around the corner. However, YouHodler wanted to speed things up a bit.

As of right now, users can enter to win a brand new Tesla Model Y in a deep blue finish with just $1,000. YouHodler clients just need to use any feature on the platform (crypto-backed loans, Turbocharge, or Multi HODL) with a minimum value of $1,000. Then, the client receives one ticket to enter the giveaway. Results of the giveaway will be announced on Bitcoin Pizza Day via YouHodler’s social media channels.

Click here to learn more about YouHodler’s “Tesla for Crypto” promotion

What is YouHodler and how to sign up?

YouHodler is a European-based FinTech platform specializing in crypto wallets, crypto-backed loans, crypto savings accounts, crypto conversions, and crypto multiplying tools. The platform features over twenty cryptocurrencies, fiat currencies, and stablecoins. Here is a brief breakdown of the platforms core features:

  • Crypto-backed loans: Use the top cryptocurrencies as collateral for an instant loan in USD, EUR, GBP, or CHF. Loan to value ratios goes as high as 90%, meaning you get more value for your collateral. Don’t sell your crypto. Get cash instead of an instant loan.
  • Crypto and Bitcoin wallet: Deposit and securely store crypto on YouHodler all while generating passive income. YouHodler wallets are interest-bearing meaning clients can earn up to 12% APR (plus compound interest) by simply “HODLing” crypto.
  • Crypto conversion: Convert all crypto, fiat, and stablecoin currencies across a universal spectrum with fees as low as 0.5%.
  • Turbocharge: Use a “chain of loans” to multiply your collateral with a smaller amount of starting capital.
  • Multi HODL: Multiply your crypto up to x30 depending on which way the market moves. Click “up” or “down” to set your position direction, choose a multiplier level and set your “take profit” and “margin call” levels for maximum customization.

How to check your rating in the “Tesla for Crypto” giveaway

So, you’ve learned about the Tesla for Crypto giveaway and you’ve already used a YouHodler feature for $1,000. Congratulations! You receive your first ticket.

Click here to check how your ratings stack up against the competition. Ratings are updated hourly. Remember, every $1,000 you use on YouHodler gets you an additional ticket. The more tickets you have, the more chance you have to win a brand new Tesla Model Y.

Thanks for taking part in YouHodler’s efforts to boost mass adoption. Good luck!

Disclaimer: This is a sponsored post brought to you by YouHodler.

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Losing track of daily crypto developments? Enter Coin News, a one-stop mobile app

Cryptocurrencies are infamously notorious for several reasons. There’s the scams, the politics, the in-fighting, the regulations, the pump and dumps, and the myriad other things that occur within the sector on a daily basis.

But one reason remains understated—that of the steady pace of developments and new technological advancements introduced seemingly every hour. There are new yield farms to dip toes into, new coins to ape into, new research to ponder upon, and new ecosystems to consider about.

All of the above culminates into a dilemma for the average individual. How does one keep track of so many news and developments at once? How does one quickly gain all the fundamental details needed to plot the next moves into new ecosystems and investments? How does one know what’s happening in their legal jurisdictions or another—developments that could indirectly affect one’s read of the overall market, or worse, their personal portfolios

The answer’s simple: Collate nearly every news, research, and development from the many crypto sub-sectors on a simple, easy-to-use app. And Coin News happens to be just that.

Coin News 101

Coin News collects news from many sources in different languages for users. News is sorted into categories such as: Bitcoin, Ethereum, Altcoins, DeFi, Blockchain, NFT, Analytics, Mining, Regulation, and Other—providing people with round-the-clock coverage of everything happening in the crypto space.

One can read news in different languages, create a feed from the best news sources—such as Forbes, CoinDesk, and CryptoSlate—with the list of sources constantly updated.

Based on individual interests and likes, users can receive notifications of new events and even select the categories and news sources that they are most comfortable with. This means if Forbes releases an exclusive interview or CryptoSlate an article, a user would be immediately, instantly, notified.

There’s no use of active interest either. The “Offline Mode” allows users to read news anytime anywhere without an internet connection, meaning jumping on a plane would not mean jumping off from the crypto market anymore!

And of course, there’s no missing an article anymore. The “Bookmark and Share” feature saves articles offline for users to read later without an internet connection. All news within the app can also be shared instantly with friends via various social mediums.

What are you waiting for then? Try it out now! – Coin News.

Disclaimer: This is a sponsored post brought to you by Coin News.

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Staking on Polkadot (DOT): How do users pick a validator to nominate?

Polkadot has become one of the most popular staking platforms, and with returns of over 13%, it’s not hard to see why. 

So if you’ve stocked up your wallet with DOTs and read the staking guides, you’re probably now wondering how to choose which validator to nominate. Here’s what you need to know. 

How Will Your Rewards Be Calculated? 

First, some general information about how the staking rewards work. The rewards are spread proportionally among validators according to their stake, which also applies to the nominators who have bonded their DOT to each validator. You can view the validator list on the Polkadot.js.org website. 

So let’s say a validator is currently staking 900 DOT, and you stake a further 100 DOT. You’ll get 10% of the nominator rewards. Therefore, you want to nominate a validator who will receive a decent proportion of the rewards, but where your stake also represents the highest possible percentage of that validator’s rewards.

However, there are only a fixed number of slots available for validators, and you want to offset the risk that your chosen validator won’t make the cut. After all, if they aren’t validating, there are no rewards. As you can see below, at the current time, there are 297 validators and another 545 waiting in the queue for the next epoch in the hope that they get chosen as a validator.

It’s clear then that there’s a particular art to choosing the right validator. The Polkadot.js website has some indicators that can help you narrow down the list. 

Validator Identities

Firstly, you can filter the list by validators that have identities using the toggle bar at the top. You can also check to see whether or not they have a green check or chain mark next to their name, which indicates a valid identity verified by Polkadot. If the name is grayed out, they’re in the process of being checked, and if the entire entry is grayed out, it’s just a wallet address with no other information attached to it. 

Below, you can see the entries that have been verified. 

Overall, it’s riskier to use unidentified validators. The numbers in the columns next to each validator can also tell you more information that will help you choose who to nominate. 


Next, you can check the commission. Validators can choose to take a commission from their rewards, which is designed to cover their running costs and ensure they get a reward for their efforts.

If the commission is set to 100%, then the validator isn’t giving away any rewards to nominators. This may happen if the validator has a large DOT holding, meaning they don’t rely on nominators staking funds to ensure they qualify for becoming a validator.

It’s also worth noting that commission percentages can change at the discretion of the validator. 

Total Staked

The total amount staked is also relevant. Generally, you’ll get more rewards from validators who have a lower stake, as your stake will represent a greater proportion of their rewards payout. However, you’ll also need to make sure that they’ve staked above the lowest stake amount, which is shown at the top of the screen. 

Own Stake

“Own stake” is another consideration, as it represents the validators own skin in the game. This is important as it means that if the validator gets slashed for acting against the interests of the network, their own funds are also at risk. 

Of course, just because a validator only has a small own stake doesn’t mean there’s anything inherently suspect about them. They may use a different wallet for nominating themselves so they can keep their commission rate low. However, “own stake” is a public way for validators to demonstrate their commitment to being a positive contributor to the network. 

Further Information

On the right-hand side of the screen, next to each validators entry, you can view their stats and history. This will show you their era points, which they receive for producing blocks or interacting with parachains. You can also view their rewards and slashes. So the most trustworthy validators are those with high era points and who don’t often get slashed. 

Once you’ve chosen your validators, and assuming you’ve already connected your DOT wallet, you can simply check the boxes on the right side of the screen and choose “Nominate selected” from the top of the screen. 

As you can see, there are many variables involved in choosing a validator. However, by following the steps in this guide, hopefully, you’ll maximize your DOT staking rewards. 

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Reef Finance announces new Substrate blockchain to launch in early May

As Ethereum’s gas fees skyrocket and the Binance Smart Chain sees performance issues, Reef Finance is stepping into the fray with its new ‘Reef Chain.’

This new Substrate-based blockchain will be launching in early May, but the exact date depends on the outcome of mainnet testing which is currently taking place.

This move comes as a natural progression for Reef Finance, which offers a standard protocol for all users across all dApps. It also features an algorithm that can learn from a user’s activities and transactions and grow its knowledge, thus helping the user to optimize their holdings and investments.

Interoperability As Standard

Reef Finance’s objective is to open up the world of decentralized finance so that it is easier for everyone to come to the table. The Reef Chain will enable developers to scale up their projects and make them fully compatible with the Ethereum Virtual Machine, while Reef projects will be integrated into the Polkadot ecosystem.

This integration with EVM means that projects can be written in Solidity or Vyper and simply moved across to the chain.

The EVM is the network of thousands of nodes (individual computers) that make one single entity, in order to keep the smooth and seamless operation of the EVM. This is where all Ethereum smart contacts reside.

Reef Chain will effectively plug into the Polkadot parachain and be interoperable with Ethereum and other blockchains, to overcome many obstacles for DeFi developers.

The Reef Chain claims to be the ultimate environment for DeFi protocols, due to its scalability and deep liquidity integrations, and the opportunity for developers to pick the brains of the extended Reef community, which is composed of users, investors and exchanges, in order to help them breathe life into their projects.

Those who want to start testing their scripts and tools on the Maldives testnet can find information on how to do so here.

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Decentr and Public Mint are partnering up to develop Web 3.0 and DeFi tools

Ever closer to mainstream adoption, new partnerships between key industry players are helping to step up the real-world usability of crypto products. The latest news which has crypto fans paying attention, is the collaboration between Public Mint and Decentr.

One Step Closer to DeFi

Public Mint gives users a simple payment system that is powerful enough to enable them to access a range of opportunities in decentralized finance (DeFi). 

This platform, which is focused on fiat to crypto transactions, gives the opportunity to even the unbanked to engage with the crypto market. Not only can users top-up their wallet via their bank account, credit card, stablecoins and other options, but it also allows them to instantly send funds to anyone in the world in seconds, knowing that the transaction has been made securely over the blockchain. Users can gain passive income by staking their holdings for returns.

On the other hand, Decentr is shaking up the internet with their Web3 browser which takes control of data from the likes of Google and Facebook, and gives the control of their data firmly back to the user. The more data the user creates, the cheaper the products he purchases via the browser, whether through fiat currencies or cryptocurrencies.

 This gives the user the chance to pocket the income from his own data, rather than allowing outside sources to benefit from his private data.

The collaboration will see Public Mint as the payment gateway of choice across the entire Decentr browser. The integration will mean that users of Decentr can reap the rewards of browsing directly into their Public Mint wallet.

With Public Mint, those using the Decentr ecosystem can make payments in fiat or in cryptos, with the recipient getting funds in the currency of their choice. Transactions are simple, instant and users need not have any crypto knowledge or expertise.

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Chainlink price feeds are coming to the Karura parachain

Karura, the decentralized finance (DeFi) parachain built for Kusama by Acala, will integrate Chainlink Price Feeds. Following the recent launch of a Chainlink Oracle Pallet, this integration will enable Karura smart contract developers to benefit from precise market data directly on-chain.

Chainlink Oracles To Keep The Ecosystem Secure

As demand for smart contracts climbs, Chainlink’s new modular oracle pallet aims to power all projects within the Polkadot ecosystem, including parachains, substrate chains, and Kusama-based parachains like Karura, with trusted on-chain information and precise financial market data. 

As a sister chain to Acala, Karura aims to achieve the same goal within the Kusama ecosystem. Progressing on its mission, Acala Foundation has announced its plan to integrate Chainlink Price Feeds to Karura, the all-in-one DeFi conduit of Kusama.

Karura will help non-native parachain teams and dApps seamlessly integrate the standardized substrate Chainlink oracle pallet into a runtime module using any supported smart contract language to virtually access any external, real-world resource.

Smart contract developers using the Kusama and Polkadot network can leverage Chainlink pallets as their go-to pricing data delivery solution. All Chainlink Price Feeds are secure, resistant to manipulation, and offer premium data quality using multiple independent oracles to qualify and pull the same data point. Developers will save time and resources while avoiding the risks associated with using their own oracles.

A Boon For Substrate And Parachain Developers

Before launching its parachain on Polkadot, Chainlink, the de-facto standard of oracle networks with billions in smart contract value, will release a parachain on Kusama. 

Kusama and Polkadot are both independent, standalone networks. Although built similarly, Kusama is a faster multi-chain network designed for radical innovation. By extension, Karura intends to become the preeminent DeFi destination of Kusama.

The project currently offers a suite of financial applications, including a multi-collateralized stablecoin (kUSD) and an automated market-maker DEX – all with micro gas fees, payable in any token. 

With the added ability to integrate Chainlink oracle pallets and Price Feeds, developers and dApps can push the limits of what’s possible within the Kusama network and launch bold new financial innovations.

This integration comes with several advantages for developers, including Chainlink’s time-tested oracle security and premium data quality alongside Kusama’s plug-and-play security, fast processing speeds, operability across decentralized networks, and minimal gas fee.

All in all, with the integration of Chainlink Price Feeds, developers using the Kusama and Polkadot networks will not only gain access to an easily integrated oracle price oracle solution but also cut overheads and increase overall efficiency.

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Mick Jagger teams up with 3-D artist EXTRAWEG on charity driven audio-visual NFT for new track “Eazy Sleazy” with Dave Grohl

An audio-visual collaboration between Rolling Stones frontman Mick Jagger and Foo Fighters lead Dave Grohl will drop in NFT form on the Gemini-owned Nifty Gateway on April 15.

The new track, entitled Eazy Sleazy and produced by long-time Rolling Stones collaborator Matt Clifford, sees Jagger reflect on the tumultuous events of the past year (‘We took it on the chin, the numbers were so grim’) while Grohl thrashes away on guitar, bass and drums. The unique NFT has been minted in collaboration with Berlin-based artist and art director Oliver Latta, aka EXTRAWEG, with production by Pink Salt.

Struggling Industry Bodies Benefit From NFT Drop

The iconic Rolling Stones rocker wrote the track during lockdown and is donating 100% of the proceeds from the NFT sale to several organizations associated with the live music industry, which has suffered greatly during the pandemic.

All funds raised in the auction will be divided between Music Venue Trust, a UK registered charity that supports grassroots venues throughout the country, Back-up, which pledges financial supports industry professionals who are seriously ill or injured (or their surviving family members), and the National Independent Venue Association (NIVA), a collective of US-based independent music venues, promoters and festivals formed in the midst of the pandemic.

The NFT, a 1-1 piece combining visuals by EXTRAWEG with a loop of ‘Eazy Sleazy’, will go live as an auction for 24 hours starting from 10am PST/6pm BST on April 15. Not only does it mark the first NFT collection by Jagger or Grohl, but it’s also the first collaboration between the rock titans. Grohl was inducted into the Rock and Roll Hall of Fame in 2014, while The Rolling Stones were inducted the same year Grohl’s band Nirvana dropped their debut album, Bleach: 1989.

Eazy Sleazy is available for listening via Youtube and social platforms, with a video featuring the locked-down artists in their respective homes and private studios.

Grohl and Jagger: Elder statesmen of rock’n’roll

Artists Driving NFT Hype

Jagger and Grohl are merely the latest musicians to issue an NFT. Last month, Kings of Leon released their latest album, When You See Yourself, as an NFT that unlocked special perks for the holder, such as limited-edition vinyl and front-row seats to future concerts around the world. Within two weeks of launch, the digital token had racked up sales of over $2 million.

Metal giants Megadeth also launched their own NFT, entitled Vic Rattlehead: Genesis, on Rarible. Though that one raised only $18,000 in the WETH cryptocurrency, it wasn’t an album or even a music video: it was essentially an eight-second gif.

Some musicians are pushing the envelope when it comes to NFTs, creating cutting-edge works to sell on the open market. Producer Keyon Christ is a good example: the former G.O.O.D. Music guru, who has worked with the likes of Kanye West and Rihanna, just released a track (Black Skin Machine) created using AI-based music. The resultant NFT, like Jagger’s, is a collaboration with a noted artist – Zouassi.

Worldwide NFT sales topped $2 billion during the first quarter of 2021, more than 20 times the volume of the previous three months according to a new report by NonFungible.com. While the bulk has come from the art sector, musicians are increasingly exploring ways to monetize their endeavors – particularly given the current restrictions pertaining to live music.

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SuperFarm’s EllioTrades will face off with NFT bear Edmund Schuster at BlockDown 4.0

BlockDown, the leading virtual crypto conference, is set to tackle the industry’s hottest topic, NFTs, when it gets underway on April 15.

The event is set to host a debate between SuperFarm co-founder EllioTrades, an NFT bull, and LSE professor Edmund Schuster, who falls into the bear (critic) category.

Conference to Assess NFT Mania

NFTs have generated endless headlines in recent months, largely propelled by the success of the digital collectible platform NBA Top Shot and numerous high-profile NFT auctions.

The art market, in particular, has been infected by the NFT bug, with digital works going under the hammer at historic auction houses such as Christie’s. One NFT, Beeple’s The First 5,000 Days, fetched almost $70 million back in March.

BlockDown, organized by blockchain marketing agency EAK Digital features interactive talks, interviews, networking opportunities, and AMAs, and attracts some of the brightest talents in the industry.

In what will be the fourth virtual event since BlockDown debuted a year ago, the centerpiece will be a 45-minute head-to-head between EllioTrades and Edmund Schuster, with each putting forward their case as to why NFTs are meritorious – or an unsustainable, overhyped bubble.

Schuster is no stranger to this format, having previously argued on the motion “NFTs are dumb” with Sfermion managing partner Andrew Steinwold. (Schuster won the post-debate poll by a score of 64-29).

An Associate Professor of corporate law at the London School of Economics and Political Science, Schuster is a self-professed no-coiner who regularly puts the boot into blockchain (and NFTs) via his social media channels.

Last month, he appeared on CNBC to critique the burgeoning NFT market. EllioTrades, meanwhile, heads up cross-chain defi protocol SuperFarm, which enables users to deploy crypto and NFT farms without coding experience.

EllioTrades, meanwhile, heads up cross-chain defi protocol SuperFarm, which enables users to deploy crypto and NFT farms without coding experience.

He is also one of the most popular crypto YouTubers, with close to 300,000 subscribers, plus another 130k on Twitter. Philosophically, EllioTrades is poles apart from the sceptic Schuster, as evidenced by a recent tweet that read: “Everyone I know that stuck in crypto since 2018 is now buying houses for their families.” Let the bickering commence.
Metaverses and Miami Mayors

Elsewhere at BlockDown 4.0, Artur Sychov, founder and CEO of blockchain-powered VR platform Somnium Space, will conduct a 30-minute talk titled ‘The Future of Immersive Metaverse.’

The lecture, which will kick off the conference at 11:10 CET on Thursday, April 15, is likely to focus on the interrelation of blockchain, virtual reality, and non-fungible tokens, and where the market might be headed.

The deep-pocketed buyer of Beeple’s record-breaking NFT will also be in attendance, as NFT fund Metapurse will be dispatching Twobadour for a fireside chat with EllioTrades at 11:05 am CET on day two. Chainlink CEO Sergey Nazarov will have a similar virtual tête-à-tête with Andy Pickering, editor and host of the Crypto Conversation podcast.

Although NFTs are likely to be a recurring topic (Akon will be waxing lyrical about his new Akoin NFT platform), Republican Mayor of Miami Francis X. Suarez is expected to look at the bigger picture during his own fireside chat.

The Mayor wants the coastal metropolis to become a clean energy Bitcoin mining hub, and under his stewardship, a slew of tech and finance startups have set up home in the city. Suarez has even advanced proposals that would allow the city to pay municipal workers and accept tax payments in cryptocurrency.

BlockDown will bring the curtain down on its fourth jamboree at 11pm CET on April 16, with tickets still available.

Learn more by clicking here.

Disclaimer: CryptoSlate is a media partner of BlockDown.

The post SuperFarm’s EllioTrades will face off with NFT bear Edmund Schuster at BlockDown 4.0 appeared first on CryptoSlate.

Verto.exchange founder explains why he built the first DEX on “permaweb” protocol Arweave

CryptoSlate recently had the opportunity to chat with Tate Berenbaum, the founder of Verto.exchange, a decentralized trading protocol built on top of Arweave.

Arweave describes itself as a new type of storage that backs data with sustainable and perpetual endowments, allowing users and developers to store data forever.

Verto was established in July of 2020 and was the first platform users could trade profit-sharing tokens on. As a decentralized network of trading posts built on top of Arweave’s “blockweave,” anyone can host their own trading post and power the exchange, while also being incentivized to do so.

In the interview, we discuss:

  • Tate’s background and how he got into crypto
  • Why he decided to start Verto.exchange and build on top of Arweave
  • What profit-sharing tokens are and how Verto benefits from them
  • What features his team is excited to build in the future
  • How he sees the Arweave ecosystem developing over the next few years
  • Crypto predictions for 2021 and much more

The post Verto.exchange founder explains why he built the first DEX on “permaweb” protocol Arweave appeared first on CryptoSlate.

You can now shop at Amazon, Ebay, and Walmart with Crypto.com

Hong Kong-based Crypto.com will now allow users to shop at global marketplaces Amazon and eBay, and retail giant Walmart after a new partnership with Shopping.io, the firm said in a release.

“Shop at Amazon, eBay, and Walmart via Shopping.io with Crypto.com Pay,” the firm tweeted.

The exclusive, limited-time promotion is a result of the integration of Crypto.com Pay (Crypto.com’s payment app) Checkout with Shopping.io. The promotion is live at press time and runs until May 10, 2021.

Users can enjoy the following benefits via the limited-time offer:

  • Additional 5% discount for all Shopping.io membership tiers
  • Up to 10% back in Pay Rewards for purchases paid in CRO
  • A $ 20 international shipping fee waiver for all orders outside of the United States

Shopping.io is a blockchain-based dropshipping platform founded in December 2020 that allows customers to make purchases online with their crypto holdings and enjoy exclusive rewards on the Shopping.io platform for doing so.

SPI, its token, has risen over 18,132% over the few months and the platform has a market cap of over $233 million. Crypto.com’s CRO token, on the other hand, has risen 314% in the past year and has a market cap of over $5 billion.

The post You can now shop at Amazon, Ebay, and Walmart with Crypto.com appeared first on CryptoSlate.

Inside America’s largest Ethereum mine with its anonymous founder

Global revenue for Ethereum miners broke a new monthly record, surpassing $1 billion dollars in February 2021. For the average Joe, starting up an ETH mine can be a costly process and just a straight-up logistical nightmare. Other mining projects have opened themselves up to outside investors before, but never through the magic and simplicity of DeFi.

Pylon Finance was founded in August 2020 by a pseudonymous person who is known online as the Grim Reaper. The project aims to establish what it describes as a GPU mining asset that is semi-correlated to the wider crypto market, something no DeFi project has ever done before. 

Cryptoslate had the chance to speak with Mr. Reaper about Pylon and its backstory.

Q: Tell us why you decided to start Pylon?

I met a guy online who spiked my interest in Bitcoin and we would talk about the future of crypto. Once we got to know each other, and he taught me about the industry, I suggested we get into mining. And from there we ran a test run of 100 thousand dollars worth of miners. 

We quickly learned that scaling proved to be difficult in many ways, such as hardware in bulk and unavailable parts. Back in the day when we needed to operate on an industrial scale, our needs as miners were rarely met in terms of hardware.

When we were just getting started, I flew out to Vegas to attend CES, my goal was to meet with every GPU manufacturer to work out any deal we could get. I reached Samsung, Asus, xfx and AMD. From there on out we scaled our operation. We asked one of our GPU providers to make us custom hardware, however, they were unmotivated because of the minimum order quantity.

When I created the Reaper miner I offered them exclusive access, I promised them that they would never need to sell what we do to them and never need to ship the machines. They accepted and a new relationship was born. 

A couple of years go by and a friend of mine who works in advertising said to me: “We need to run it up on this DeFi stuff!”. We went over the different protocols and he asked me to fork it since I have developers on my marketing team. I proceeded with it, but ultimately failed. I was farming Yam, other protocols, receiving data, making mistakes, learning from those mistakes until I reached a point where I was ready to build Pylon

Pylon’s goal was to incorporate a real-world tether system into the DeFi platforms that currently exist. Pylon is building hard asset GPU mines on real-life US soil that you can touch, see and own. 

I chose to keep my identity anonymous for political dealings, relationships in place, and risk calculations that I cannot mention. It is not due to any reasons you may see in the space itself. It is mainly to protect the integrity of existing NDA’s. However, if you look hard enough you may be able to find us. We are the largest GPU miner in the United States. Our footprint is easy to track, assuming you know what to look for, and have the correct tools.

Where is your team located and why did you choose that jurisdiction?

We are based in North Carolina. Why NC? Because here you can be a whale in a pond vs a fish in the sea. The sea can’t grow more than it is, but you can always expand the pond slowly.

What are the pros and cons of working in your jurisdiction?

Fortunately, there are no cons. As for pros, the size, and magnitude of our business yields.

What are some of Pylon’s notable achievements or milestones?

We are the very first and only GPU real-world tethered asset via crypto. In other words, anyone with a Metamask wallet can own a share of our mine in a few clicks.

What are the benefits of using the Pylon platform as opposed to other DeFi platforms?

We allow users to hedge high gas prices with mining as when gas goes up, mines earn more, while users are on the sidelines due to congestion, they can mine in the meantime. In addition, the Pylon token is truly an ownership percentage of the mine according to tokens staked in the vault. Users are exposed to hard brick and mortar assets, hardware, land, buildings, and electrical infrastructure that is worth hard dollars.

What can you tell us about the Pylon product roadmap? What upcoming features are you most excited about rolling out?

We are looking to open up a suite of yield farming tools that give our users immediate benefit while slowly seeding mine expansion. So the user does not lock liquidity or forego potential opportunity ROI from other protocols that can be farmed.

What are the biggest challenges of building a DeFi protocol?

The biggest challenge of building a DeFi protocol is that there aren’t ever enough developers. The developers we are lucky enough to have as part of our team can’t build fast enough to keep up with demand.

What other projects and/or blockchain developments are you most excited about?

The blockchain developments that we’re most excited about here at Pylon, are all the permissionless ones built on ETH in the top 100.

Do you have any blockchain and/or crypto predictions for 2021 and beyond?

I am pretty bad at speculating on this kind of stuff. But I’ll say ETH hitting $10k this year, for the memes of course.

What are the biggest obstacles to mainstream adoption of crypto?

Onramps, ease of entry. It has not been packed up simple enough yet. Companies like Coinbase are taking the lead in making it simple. If we want the industry to reach mainstream adoption, it needs to start making things normie-friendly. Allowing users with zero knowledge to get from 0-to-100 without having all the in-between.

Think about how many steps it takes – you’d need to start off by creating a Metamask wallet, memorize your seed phrase, sign approvals, pay exorbitant gas fees, navigate Uniswap, understand slippage, avoid rug pulls by spending time on deep research, etc. Once these layers are simplified and/or minimized, there’s no doubt in my mind we’ll see mainstream adoption.

What is your most controversial opinion relating to blockchain and/or cryptocurrency?

To be honest, I don’t have one. I do my best to see things for what they are, and then figure out where I can benefit from that position.

The post Inside America’s largest Ethereum mine with its anonymous founder appeared first on CryptoSlate.

Reef Finance unveils basket product tied to DeFi investments

Reef Finance, a multi-chain liquidity provider, is giving clients a way to gain exposure to DeFi tokens and other digital assets through an ETF-like investment product. One-click and they are instantly exposed to multiple DeFi products, thus taking part in the recent crypto surge.

Dubbed ‘Reef Baskets,’ the new vehicle allows users to avoid the brunt of investing in multiple individual protocols. The bundle is a market-weighted basket of different DeFi holdings with a simplified asset-management approach.

Reef Finance’s liquidity aggregation and multi-chain smart yield engine already allow the integration of any DeFi protocol. With the news offering, the non-custodial platform is curving out a new niche in a sea of complex financial solutions by serving risk-averse investors with a single point of entry.

Reef Finance stresses in the product description that over time, a range of baskets will be deployed, each with a collection of DeFi assets involving multiple risk-reward ratios. As such, Reef Basket V1 will offer average investors a way to access DeFi without significant technical barriers that have held back adoption of crypto products. Due to a large number of overlapping products, the newcomers are just overwhelmed when looking at the space.

Reef further explains:

“For example, a particular Reef Baskets might contain assets belonging to relatively new projects and protocols. Such a basket will have higher profit potential but also pose a higher risk to investors.”

Investors remain thrilled by the crypto wild ride

The basket of the proposed investment product could be also customised to cater to the individual needs of each investor’s segment, providing them with more relevant opportunities.

The underlying infrastructure of Reef Baskets is a chain of smart contracts that compose and integrate the ecosystem. This engine communicates with liquidity aggregators to enable each basket portfolio to transact multiple DeFi platforms from a unified interface.

Reef Baskets V1 has been initially deployed on the Ethereum blockchain. Ultimately, the product will support the Polkadot Network Substrate-based chain and a number of other networks to give users the greatest access to DeFi.

Reef’s newest product is also another sign of how blockchain players are looking to give their clients access to the upside of a booming DeFi market. With the growing institutional interest, crypto-based investments could eventually become part of the recommended portfolio for everyday investors.

The new offering complements Reef Finance’s product portfolio that aims to create a platform to combine all of the various DeFi applications in one place. Subscribers in the Reef Baskets can also extend their reach to buy, trade, stake, loan and borrow a variety of crypto assets.

Managing such a diverse package of investment opportunities within crypto, and specifically in decentralized finance, would have been hectic without Reef Finance’s aggregation solutions.

The post Reef Finance unveils basket product tied to DeFi investments appeared first on CryptoSlate.

Ethernity conducts first NFT drop to celebrate their chain launch

The Microsoft NinjaCat is an iconic piece of artwork that started life inside a Microsoft Powerpoint presentation. This came at a time when things were turning around for Microsoft, before the big explosion which marked the company becoming a major part of our lives.

For those that know the NinjaCat, they will understand the value of this NFT, and the reason so much excitement is building up around it. For those who don’t know, it doesn’t matter. NFTs like these don’t come along every day and they are truly collectible pieces.

Ethernity, the NFT marketplace, is launching its new chain on April 12th, and to mark this momentous occasion they are conducting a first-of-its-kind NFT Drop. According to Ethernity, this marks an ode to creators, crypto, memes, NFTs, and the very internet itself.

We have come such a long way in such a little time, with the internet marking a major milestone in our lives. This tool has proved to be special and creative with only your mind blocking the outer expanses of what you can see and explore on the web. NFTs run parallel to this during this time, as Ethernity Drop Jason Heuser’s meme celebrates the internet, with collectible NFT Drop to some users.

Ethernity is a unique auction marketplace that has helped push NFTs into public awareness. They offer collectible digital trading cards across a variety of areas including soccer, music, film, and more, as well as limited edition pieces of art. They do all of this with a big conscience, giving 90% of the proceeds from the sale of an NFT to charity, with the other 10% going to the gas fees and Ethernity itself.

Here are the details for taking part in the Drop:

  • 1/1 Welcome to the Internet 3D — Auction & IO Digital Screens (paid in ERN)
  • 30/30 Limited Editions — Silent Auction (paid in ERN)
  • 269/269 Buy It Now — PRICE TBA (paid in ERN)
  • 50 Editions will be made available to STONE holders at our farming event by the end of the month.
  • Monday, April 12th | Time TBA
  • ERN is required to be able to bid or buy.
  • AR & Virtual World Unlockables: TBA

The post Ethernity conducts first NFT drop to celebrate their chain launch appeared first on CryptoSlate.

INX announces April 22nd as the official last day of its token offering

NEW YORKApril 7, 2021 /PRNewswire/ — INX Limited (“INX” or the “Company“), the blockchain-based platform for trading digital securities and cryptocurrencies, announces today the closing of its token initial public offering at 5pm EST on April 22ndApril 22nd will be the last day that the INX token is offered for sale by the company at the $0.90 per token IPO price.

Shy Datika, CEO of INX made the announcement. “INX has secured its position as the first to execute an SEC-registered digital security IPO for both retail and institutional investors. We look forward to opening in the secondary market with equal success.”

To sign up for an INX Limited account, please visit www.inx.co For more information, please visit the website www.inx.co and follow the platform on TelegramRedditInstagramFacebookTwitterYouTube or LinkedIn.

About INX

INX aims to provide investors with a regulated trading platform for digital securities and cryptocurrencies, combining traditional markets expertise and an innovative fintech approach. INX is led by an experienced team of business, finance, and blockchain technology experts unified by the vision of redefining the world of capital markets via the leveraging of blockchain technology and an innovative regulatory path.

Related Links


Disclaimer: This is a sponsored post brought to you by INX. For more information about sponsored posts and rates, see here.

The post INX announces April 22nd as the official last day of its token offering appeared first on CryptoSlate.

Here’s why Kusama (KSM) is set to change the crypto landscape

Kusama is a unique project that has been drawing a lot of attention in recent months, mainly because of its unique design functionality and future-oriented ecosystem.

The project can be thought of as a polished iteration of Polkadot, with the platform meant to serve as a testing ground for projects, allowing them to check their scalability and interoperability functionalities before they are finally released on the Polkadot network.

Why Kusama?

Straight off the bat, it bears mentioning that Kusama lowers many significant barriers to entry for early-stage projects, especially those projects that are quite innovative in their design but still feature a high degree of experimentation and therefore may not be ready for large-scale deployment.

In other words, the platform sort of serves as a precursor to Polkadot where developers can experiment and test out new blockchains or applications before releasing them.

Another important facet of the project worth noting is that all official Polkadot updates are also tested out on the Kusama ecosystem before being released for public consumption.

However, the difference lies in the fact that, unlike Polkadot, Kusama is quite flexible and provides developers a lot of flexibility, primarily in terms of less stringent governance parameters.

From a design standpoint, Kusama largely resembles Polkadot — with the project even referred to as the latter’s canary network — with both platforms making use of two separate blockchains, i.e. the main network and user-generated networks (referred to as parachains).

Though all of the transactions taking place on the main chain are immutable and final, actions on the parachains can be customized as the various different use cases they are employed in relation to.

In essence, one of the major advantages that Kusama offers to its ever-growing list of backers is that it enables Polkadot projects to build a name for themselves and gain a decent amount of community buzz and traction before finally going live.

Here’s How Kusama is Re-Writing the Rulebook

As pointed out earlier, Kusama makes use of modified governance parameters that allow it to operate up to four times faster than Polkadot. However, there are also a number of differences in terms of how the two ecosystems differ from each other.

For example, Kusama token holders have seven days to vote on referendums followed by an enactment period of eight days. On the other hand, Polkadot provides token holders with a voting period of 28 days which is followed by another 28 day enactment time period.

Furthermore, in terms of financial opportunities, Kusama provides investors with lucrative returns. For example, KSM token holders can stake their coins so as to get decent annualized returns of up to 20% on their investments.

However, this rate largely depends on one’s share of coins that have been staked on the network, with there being a lot of room for fluctuation.

Also, the prospect of parachains is also quite interesting once looked at closely since they are, in essence, separate layer-1 blockchains that have the ability to run in conjunction with the Kusama ecosystem, staying connected to the central Relay chain, thereby allowing for a high level of security all while drastically improving the platform’s scalability and interoperability.

On the subject of interoperability, parachains are able to offer seamless compatibility with ecosystems like Bitcoin, Ethereum via the use of cross-network bridges. As a result, it is possible to send any type of data/assets across two separate platforms fairly seamlessly.

Future outlook

KSM has been showcasing solid financial momentum in recent months, with the value of the cryptocurrency rising from $66 to a whopping $435 over the course of the last 90-days, thereby showcasing a gain of more than 600%. As a result, Kusama has been able to overtake many prominent projects including Tezos, NEO, NEM.

Also, Kusama’s upcoming Parachain Auction has been garnering a lot of eyeballs from the global crypto community, with the Acala Network recently becoming the first project to win a parachain slot auction. The project now aims to issue its very own USD pegged stablecoin called the Acala Dollar on the Polkadot network.

Lastly, in the long term, it appears as though Kusama’s use cases will continue to grow, especially as it serves as the perfect entry point for Polkadot users. Kusama allows users to try out innovative features and ensure that everything is working well before being ported to the main network.

It now remains to be seen what the future has in store for this project.

The post Here’s why Kusama (KSM) is set to change the crypto landscape appeared first on CryptoSlate.

These limited edition NFTs of real-life street art are getting listed on Rarible

Leveraging blockchain technology to add value to street art, KIWIE plans to release 1001 exclusive NFTs and real-life artworks across 195 countries in the next five years under its new project KIWIE 1001.

With the hype around blockchain and NFTs at an all-time high, content creators across industries, such as artists, musicians, athletes, and entertainers, have joined this revolution, and more continue to follow suit.

In the latest iteration, famous Latvian street artist, KIWIE, has come up with a great way of monetizing street art and offering buyers complete ownership and authenticity using blockchain technology.

The unique concept, KIWIE 1001, is a project that will generate 1001 Kiwie NFTs and real-life artworks around the world in 195 countries in the next five years. Unlike regular NFTs, KIWIE NFT collectors will gain exclusive ownership over real-life street artwork anywhere in the world through blockchain technology.

The first batch of exclusive NFTs will be launched via Rarible on April 13th. Following this launch, KIWIE plans to release four more collections in the coming months, all of which will be new NFT-specific artworks.

Blockchain & NFTs To Redefine ‘Ownership’

Each KIWIE NFT will be for individual artworks. For each piece of art, a 3D model will be generated, representing the actual street art. The figure will include a geotag linking the NFT to its respective artwork.

The holder of the NFT effectively owns the street art and is free to resell the artwork. Once the KIWIE NFT is purchased, a metal certificate will be printed and sent to the owner of the NFT. This metal certificate will act as a rare collectible and will only be made once per artwork.

Former Managing Director of Riot Games Europe, Paul Breslin, highlights that this innovative idea can redefine street-art ownership and enable more artists to monetize their content.

He underlines:

“I have been following Kiwie for years and am continuously being blown away by the creativity and originality. This project goes beyond just NFT’s and in the world of gaming has many avenues to delight and entertain the global gaming audience for years to come.”

Street Art, Blockchain, NFT – A New World Of Content

KIWIE’s lead business strategist and blockchain gaming industry veteran,  Kristaps Vaivods, is the person behind this unique idea of fusing NFT and street art using blockchain technology. He is highly confident that this concept will be a game-changer.

He states:

“The Fat Monster is a unique and iconic creation, and it’s different from what many other street artists do. I just love the global community that formed around the cute monsters, and I hope that the ability to really own a piece of street art will be even more inspirational.”

NFTs revolutionize the street art landscape due to their non-invasive aspect. Previously, selling a graffiti artist’s work meant detaching the wall where it was painted, as the location was a significant part of its existence. Through KIWIE NFTs, collectors will own the digital version and the physical version of the art.

KIWIE, the original creator of Fat Monster, concludes, “Using NFTs to represent ownership allows us to maintain the beauty of the art intact. Blockchain is not just a buzzword here, it legitimately enables something that used to be impossible.”

The post These limited edition NFTs of real-life street art are getting listed on Rarible appeared first on CryptoSlate.

Crypto platform Kualian launches ‘SandBox’ for testing data tools

Crypto platform Kualian has announced a testing service for its various data tools, it said in a release shared with CryptoSlate. The firm offers various cryptocurrency services for users, such as staking, trading, and data analytics, and even runs an educational hub.

Called ‘SandBox,’ the testing platform has been launched for developers to test out crypto tools and software before they are deployed ‘live’—ensuring a bug-free network and a hassle-free experience for end-users.

The SandBox would replicate every operation offered on the main Kualian platform, including all data tools, staking services, reward settlement systems, trading architecture, and other offerings. 

This is similar to how ‘testnets’ are offered by other blockchain and crypto firms for developers and coders—a working representation of the actual network that helps collate programs, tools, third-party software, and is used to test code before being deployed on the ‘mainnet.’

Benefits of SandBox

Some benefits of SandBox are as follows:

  1. Shows third-party firms can independently verify the network: The SandBox is a test environment that replicates the main platform, meaning third-party firms and external developers can quickly and easily test their own software and technology tools, i.e. independently certifying that the network is safe to use.
  2. Shows the system is reliable and produces sustainable results: The SandBox will be able to demonstrate that all transactions and operations in the main system are real and produce benefits for end-users.
  3. Show that Kualian’s staking protocol works: Unlike Proof-of-Work networks like blockchains, Proof-of-Stake platforms see users validate transactions and maintain the network via locking up their tokens in a process called “staking.” This, however, is a laborious and oft-complex process for the average user, and Kualian’s staking platform makes that task easy. The SandBox, in turn, allows developers to test that staking rewards and token distribution do work.
  4. Help create a positive image of the company: The SandBox can, in addition to the above points, help create a favorable social standing of Kuailian among the developer and crypto community as the testnet would prove the platform does work as claimed and intended.

Kualian has already begun liaising with third-party developers to help certify its main platform. And the launch of SandBox is aimed at propelling just that.

The post Crypto platform Kualian launches ‘SandBox’ for testing data tools appeared first on CryptoSlate.

SEFI is live on mainnet

Hello to the Secret community!

Today we are extremely excited to announce the genesis distribution of SEFI – native governance token for Secret DeFi and SecretSwap, the first AMM launched on Secret Network. But we’ve got some other surprises as well:

We’re also announcing the launch of a new landing page for SecretSwap, helping introduce the unique and evolutionary features of Secret DeFi – front-running resistance, cross-chain liquidity, lower fees, and additional privacy protections for users. This marks the beginning of a broader visual redesign for SecretSwap that will make it more usable and functional!

The new secretswap.io.
The new secretswap.io.

In addition, we’re excited to share that routing functionality for SecretSwap is now live on mainnet! This functionality allows for better prices for swaps, more fees for LPs, and more SEFI for everyone. Thanks to everyone who helped test this new feature.

To complement routing, the sSCRT / SCRT pair has now been added to SecretSwap! This now allows users to convert their SCRT directly into any secret token (and back), adding convenience and easing friction.

SecretSwap has been live on mainnet since mid-February as a “soft launch” before SEFI genesis. Since then, we’ve attracted more than $90M in TVL to the Secret Ethereum Bridge and $6M in liquidity to SecretSwap pools. Today’s launch marks the beginning of a new growth trajectory for SecretSwap and Secret DeFi as we prepare for the launch of additional Secret DeFi products and ecosystem bridges (including the upcoming BSC bridge).

Right now, users can claim genesis SEFI, stake SEFI, provide liquidity on SecretSwap to earn SEFI, and trade for SEFI (or any other Secret Token) on SecretSwap.

This blog post will:

  1. Confirm the ETH and Secret contract addresses for SEFI
  2. Instruct users on how to claim genesis SEFI and how to earn SEFI going forward as users of SecretSwap and Secret DeFi
  3. Outline next steps for Secret DeFi, including new bridges, new products, and much more!

Read on, and learn how to get started as an LP, trader, or Secret DeFi developer!

About SEFI

The total (fixed) supply of SEFI is 1 billion tokens (1,000,000,000 SEFI). 10% of all SEFI supply (100M tokens) was allocated for genesis, with the remaining 90% to be distributed over the next 4 years. The genesis distribution of SEFI was designed to ensure a fair and broad distribution of tokens to existing SecretSwap users, as well as other prominent communities across Secret Network and Ethereum.

Many more details on SEFI distribution (past and future) can be found in this previous blog post.

SEFI is currently bridged between Ethereum and Secret, with some of the supply on Ethereum and some of the supply on Secret. Users can easily swap between SEFI on Ethereum and SEFI on Secret Network using the Secret Ethereum Bridge.

Claiming and Earning SEFI

Users can claim their genesis distribution of SEFI by visiting the following page: bridge.scrt.network/sefi

When arriving, you can connect your Keplr wallet or Metamask wallet to see if you have available genesis SEFI to claim and how much.

Genesis SEFI was distributed to approximately 14,500 ETH addresses and 8,500 SCRT addresses.

There are two primary ways to earn SEFI going forward:

  1. Staking SecretSwap LP tokens: by staking your LP tokens you will earn SEFI rewards over time. Here’s a video tutorial on becoming a SecretSwap LP.
  2. Staking SEFI itself: by staking SEFI, you will earn additional SEFI rewards over time and be able to participate in governance.

You can start earning SEFI at the same URL: bridge.scrt.network/sefi

The SEFI token allows the SecretSwap and Secret DeFi community to govern products in a decentralized fashion. Some of the aspects that the community can govern include:

  • Spending the development pool
  • Determining pools eligible for user rewards, including changing their respective weights
  • Joining other communities, for example, by enabling joint liquidity mining campaigns
  • SecretSwap fees and use of fees
  • Adding other products into Secret Finance that receive and utilize SEFI

Only staked SEFI tokens will be eligible to participate in decentralized governance.

What’s Next for Secret DeFi?

Secret DeFi is just a small portion of what is made possible by Secret Network – the first blockchain with mainnet privacy-preserving smart contracts (secret contracts). This unique functionality provides critical protections for DeFi users, unlocks new valuable use cases, and provides a strong foundation for long-term growth.

Secret DeFi will be made up of many composable applications built on Secret Network, turning Secret into a universal cross-chain liquidity and data privacy hub. SecretSwap (the first Secret-based AMM) is just the beginning of Secret DeFi’s growth. With more Secret Apps already launched (such as Secret OTC Auctions) and more on the way (including Sienna Network), we look forward to how the Secret community will continue to expand adoption of our ecosystem and drive new value for users.

In order to grow Secret DeFi further, we will also be launching new cross-ecosystem bridges that bring programmable privacy to even more assets and allow more assets to be utilized in Secret DeFi applications. Beginning with the upcoming launch of the Binance Smart Chain bridge, we will continue to create critical bridges to active ecosystems like the rest of the Cosmos (via IBC integration), Polkadot (via the Plasm bridge), and more!

If you’re a developer, there are many opportunities to get involved in the ongoing expansion of Secret DeFi. There are already numerous community efforts underway on additional bridges (such as Monero), additional products (such as a limit order book), and more. With over $50M in grant funding available for ecosystem developers, we encourage you to look at what our community has determined would drive substantial value for Secret Network and global users of decentralized finance – then start building!

If you’re not a developer, consider joining one of our many Secret Committees! Over 300 Secret Agents lead and work across many active committees, including Awareness, Education, Design, Business Development, and more to help expand our reach and grow our products. Learn more about committees and how you can become a Secret Agent by visiting our community page:

You can continue to track the growth of Secret Network, Secret DeFi and SecretSwap by using the Secret Analytics page at secretanalytics.xyz.

Now let’s build a decentralized financial system that works better for real users – with front-running protections, data privacy by default, cross-chain assets, and the strength of our global community of Secret Agents behind it!

Onwards and upwards!

To discuss Secret Network and Secret Apps, visit our community channels:

Website | Forum | Twitter | Discord | Telegram

Try the Secret Bridge: bridge.scrt.network
Try SecretSwap: secretswap.io

Disclaimer: This is a sponsored post that originally appeared on the Secret Network blog.

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Kusama flips legacy projects EOS and TRON as parachain auctions launch draws near

Thanks to solid price momentum, Kusama has overtaken legacy projects such as TRON and EOS recently. On the technical front, there is a lot to look forward to as well.

Kusama can be seen as a developer-oriented environment for coders looking to get acquainted with Polkadot’s technology, as both networks share the same code.

All of the features that will eventually make their way to Polkadot will be tested on the Kusama first. One such development is the upcoming launch of Parachains Auctions, a much-touted feature that will set Polkadot apart from the competition.

The main draw of Kusama – referred to as Polkadot’s canary network – is how it will see Parachains Auctions’ launch before Polkadot. Once the Parachains Auctions’ testing phase has been completed across Rococo, the technology will activate on Kusama first. It is this upcoming service launch that seems to spark enthusiasm among KSM traders as of late. 

By flipping legacy projects such as TRON and EOS in market cap, Kusama has attracted a lot of attention. Currently, at a market cap of $4.824 billion, the project is quickly rising the ranks.

To traders, the upcoming developments hold a lot of potentials to push the KSM price further. Cryptocurrency and blockchain ecosystems thrive when developers are on the verge of incorporating crucial upgrades, such as Parachains Auctions. 

From a long-term perspective, it seems plausible to assume that Kusama will be a rather agile ecosystem. Although Polkadot will remain the primary network, there are lots of opportunities for developers via Kusama.

Especially when it comes to innovative features and services that may not be integrated into Polkadot directly, launching them on Kusama can prove beneficial to ensure everything is working optimally before porting it to the main network. 

Acala Network wins a parachain slot on Polkadot testnet

Recently, Acala Network became the first-ever project to win a parachain slot auction on Rococo, the ‘testnet’ of high-speed blockchain network Polkadot. The project now occupies the first public parachain slot on Rococo.

The project aims to issue an Acala Dollar (USD), a stablecoin pegged on a 1:1 basis with the US dollar, meaning it always holds that price with users receiving awards for every Acala Dollar they hold. This would allow users to send and receive USD across any blockchains connected to the Polkadot network.

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Mogul launches highly anticipated access pass sale

Mogul Productions, the decentralized film financing (DeFiFi) and movie-based non-fungible token (NFT) platform, has opened its Access Pass Sale on its platform to existing users.

Early this week, Mogul also announced that their platform amassed 20,000 users in its first month of being live. The company has a limited number of Access Passes and have laid out the options on their website.

Each package consists of a non-fungible token (NFT), their STARS ERC20 token, and a personalized, physical package of merchandise that is sent to the purchaser. The Access Pass NFT gives the holder exclusive access to perks on their platform. The highest tier, the Red Carpet Pass, includes the ability to access NFTs that represent executive producer credits on films that they produce.

The purchase of an Access Pass includes their native STARS token, which is used for governance, voting, and as an in-app currency; even to purchase highly coveted NFT drops from artists such as Marvel & DC Comics’ Rob Prior.

The Sale will be conducted exclusively through the Mogul platform for Mogul users on a first-come, first-served basis.

The STARS token is required for access to the Mogul platform and each user must have a minimum of 1 token.

The Access Pass Sale will occur from March 25th to April 8th and tiers will be sold on a first-come-first-served basis. Mogul’s smart contracts have passed an audit from the industry-leading blockchain security company, Zokyo and the audit results are published on their platform.

STARS tokens will be immediately distributed to users’ wallets during the sale and will unlock 1 week following the end of the sale. The NFTs will be distributed to users when Mogul launches their Smart Wallet and NFT marketplace on the Polygon network.

Full details of the Mogul Access Pass sale and a detailed roadmap can be found on their Medium blog.

For media inquiries, please contact Leila Wolf at (310) 260-7901 or Leila@MelrosePR.com.

About Mogul Productions (Mogul)

Mogul Productions is a decentralized film financing (DeFiFi) and NFT platform that connects creators, movie fans, and film financiers in one space to ensure the best films get made by giving everyone a voice. By leveraging blockchain technology and a tokenized system, Mogul incentivizes participation and rewards engagement.

Using the Mogul in-app payment and utility token (STARS), users can vote on, greenlight and participate in key decision-making aspects of production. Mogul’s production team and advisors are award-winning Hollywood veterans who have written, directed, acted in, and produced a wide range of films and TV shows.

Disclaimer: This is a sponsored post brought to you by Mogul Productions. For more information about sponsored posts and rates, see here.

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SwissBorg’s ‘Smart Yield’ wallet is offering up to 17.5% APY on Ethereum

SwissBorg’s wealth management app has launched a new offering that allows users to earn up to 17.5% annualized percentage yield (APY) on their Ethereum holdings, it said in a release last week.

In just one week, 60,000 ETH have been added to the wallet.

All users of the SwissBorg app can simply activate the new offering on their “Smart Yield” wallets to avail the benefits of the high APYs—much larger than what traditional saving accounts provide!

To activate the yield wallet, users need to first ensure that they have the latest version of the app.  It can be downloaded on the Apple Store for iPhone and Google PlayStore for Android.

The next step is to deposit, buy, or exchange (their fiat or crypto) to a ‘yield-eligible’ assets on SwissBorg—currently USDC, ETH, and the app’s native CHSB token. Users can then choose the relevant asset via the ‘Portfolio’ screen, add to the ‘Yield Wallet,’ and start earning daily.

While there is no minimum investment period for users staking on SwissBorg, all redemptions are actioned every 24 hours. Once a user asks to redeem funds, they will be transferred to their active accounts at 8am GMT the following day.

Both Tthe ETH and USDC Smart Yield wallets offers the following benefits of the USDC Smart Yield wallet:

  1. A strategy optimizer monitors and rates all available investment opportunities on a daily basis to find the best return for the lowest risk.
  2. The wallet maximizes returns by offering a variable yield, meaning you will get the highest available yield for the best risk/return ratio.
  3. The yield earned compounds every 24 hours, resulting in higher earnings over time.
  4. There is no minimum investment period, meaning you don’t need to lock your funds for 30, 90, or 365 days to get the highest yield.
  5. All Smart Yield wallets benefit from the Safety Net Program, which protects against smart contract risk.
  6. Plus, users can earn even higher yields with SwissBorg’s Premium accounts. Those who upgrade to Genesis Premium (available for a limited time), will earn 2X the yield of standard users, while those who upgrade to Community Premium (coming soon) will earn 1.5X the standard yield!

Currently, SwissBorg offers yield-earning wallets on USDC, CHSB and ETH, and will be launching wallets on BTC, BNB and DAI in the coming weeks. So what are you waiting for?

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Skrill teams up with Coinbase to provide crypto services in a multitude of U.S. states

Digital payment giant Paysafe is expanding its cryptocurrency footprint with its foray into the US market through its digital wallet platform Skrill. This new initiative will help Skrill users in eleven states buy and sell cryptocurrencies in the US and dovetails other notable milestones as Paysafe enlarges its services ecosystem.

The US market’s rapidly increasing pace of crypto adoption presents a new opportunity for the digital wallet provider to add to its userbase, complementing the existing 30 countries it already serves in more than 40 fiat currencies.

Skrill wallet customers in Georgia, Illinois, Michigan, Ohio, Tennessee, Texas, Virginia, Washington, D.C., Washington state, and Puerto Rico, among 27 other states can now purchase Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), and Litecoin (LTC) in US dollars via Coinbase.

This first phase of Skrill’s efforts to penetrate US markets follows other noteworthy developments unveiled by the digital wallet provider. In 2020, Skrill delivered the Skrill Visa Prepaid Card services to US consumers along with a remittance solution and a loyalty rewards initiative.

Besides helping lower the barriers for crypto newcomers by simplifying the buy and sell process, Skrill customers can also purchase other cryptocurrencies directly in Bitcoin or convert supported cryptocurrencies to Bitcoin. This is aimed at helping reduce transaction costs that typically accompany fiat conversions.

According to Lorenzo Pellegrino, CEO of Skrill:

“U.S. consumer interest in cryptocurrencies and cryptocurrency trading is stronger than ever, so we’re delighted to better serve our customers’ needs by launching our Skrill crypto offering in the country in partnership with Coinbase. Powered by Coinbase’s sophisticated platform, our crypto offering is just Skrill’s latest U.S. move to provide consumers with a best-in-class digital wallet.”

Coinbase, the largest US-based crypto exchange by transaction volume, will deliver liquidity for Skrill through a white-label agreement, echoing its existing relationship and cryptocurrency support for Skrill’s Europe-focused operations.

Brett Tejpaul, the Head of Institutional Trading at Coinbase, notes:

“As we focus on building the crypto-economy, we look to partner with leaders like Skrill who can white-label our turnkey solution to provide and support digital assets to their clients without having to learn the nuances of building a crypto exchange.”

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Constellation Network integrates YIELD App to give users exposure to DeFi

As unveiled in a statement today, users of Lattice Exchange and Stargazer wallet will have access to “yield farming” opportunities by pooling their crypto holdings for liquidity. The service essentially boils down to users staking their parked ether and stablecoins into a DeFi market and earn interest on those deposits.

Specifically, YIELD App’s integration enables direct investment in its own funds, which reportedly provides up to 20% annual percentage yield (APY) on ETH, USDT and USDC, as well as the native YLD token. Lattice Exchange will port the new solution on Constellation’s Hypergraph network, which enables a secure and structured way to store and invest in different digital assets.

On top of that, YIELD App will also be integrated into the Constellation Network ecosystem, providing treasury management solutions for L_0 applications and token projects built on Constellation’s Hypergraph.

A new rewards interface will also be introduced, as well as a real-time analytics console and support for additional services.

Designed for both the retail and institutional market, YIELD App offers clients of its corporate customers a crypto-asset management experience. The offering caters to investors who are looking for ways to passively earn on the crypto assets they want to hold long-term.

YIELD App’s portfolio encompasses high-return savings accounts, interest-bearing checking accounts and debit cards.

“We are proud to partner with Lattice Exchange as YIELD App shares the same passion for reaching as many people as possible to help them better understand the opportunities available in the crypto-economy,” said Tim Frost, founder and CEO of YIELD App. 

He continued: “We are building a seamless and safe platform that provides our users with access to the best of decentralized finance, all in one place. We are thrilled to be able to extend that to Lattice users, giving them easy and fast access to market-beating APYs.”

Constellation Network sets sight on a $60B market

Mathias Goldmann, co-Founder and COO of Constellation Network characterized DeFi as one of most promising new frontiers for the crypto space. And now Constellation is jumping into the decentralized finance game too. 

Today’s announcement appears to be one more step in that direction with more plans in the pipeline to significantly expand that initiative. Goldmann also expressed his excitement about partnering with YIELD App to bring new opportunities to the Constellation ecosystem. 

“Constellation and Lattice are pushing the envelope on fast and scalable technologies for digital entrepreneurs YIELD App is innovating on digital finance for retail and company customers. By working with YIELD App we bring new exciting opportunities to the Constellation ecosystem,” he added.

Constellation Network has been working towards unlocking and maximizing the capital efficiency of the staked digital assets on their powered platforms. These collaborations will initiate new collateral markets as the San Francisco-based company is pressing ahead with a range of blockchain and cryptocurrency projects.

While DeFi appeals to investors because of faster-operating speeds, Constellation catches up with the trend by providing a framework for entrepreneurs to build scalable applications and mint tokens using their distributed network, Hypergraph.

More than $63 billion has been locked into DeFi protocols at a time of heightened uncertainty in the global economy. While lending, payments and derivatives platforms command a large market share, interest-bearing accounts remain one of the biggest adoption drivers for DeFi products.

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Bybit expands USDT-Margined offerings with inclusion of Cardano, Polkadot, & Uniswap

Singapore-based Bybit continues to add to its lineup of crypto derivatives products for users to trade with the latest expansion of its token coverage following other recent augmentations of the exchange’s product portfolio with the launch of new futures contracts.

New Futures Contract Additions Help Enlarge Exchange’s Footprint

In a continuation of recent efforts to magnify its crypto ecosystem, Bybit has added three new cryptocurrency pairs to its lineup of derivatives offerings.

The new USD Tether-based pairs, including ADA/USDT, DOT/USDT, and UNI/USDT, reflect the increased popularity of these tokens as privacy, improved blockchain scalability, and decentralized finance initiatives gain fresh momentum.

Bybit, which offers inverse perpetual, USDT perpetual, and inverse futures contracts, ranks as one of the top cryptocurrency derivatives exchanges by volume. Total 24-hour turnover topped $17 billion as of writing, placing it just behind competitors Binance and Huobi. Much of the exchange’s volume centers on BTCUSD perpetual contract, which accounts for nearly 75% of total activity.

Per Ben Zhou, CEO and Co-Founder of Bybit:

“We are delighted to be able to bring these highly demanded coins to our trading platform and offer our customers even more choices. Bybit is well known for our outstanding liquidity. We have done extensive research and preparation to make sure that the markets of these new trading pairs will be no exception.”

The latest move to incorporate Cardano, Polkadot, and Uniswap with 1-25x into the platform’s offerings leverage dovetail an extension of the exchange’s futures contracts following the launch of the BTCUSD0625 futures contract for the desktop trading app on March 11th. The new contract will settle on June 25, 2021, and precedes the introduction of the BTCUSD0924 futures contract slated for March 18, 2021.

These additions also mirror the growing popularity of USDT-margined contracts. USDT perpetual contracts enable investors to fund trades with USDT as collateral instead of cryptocurrencies. This makes it straightforward for investors seeking to quickly fund and settle trades while also easing the calculation of profits and losses along with margin costs.

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Atani CEO on the challenges of building a trading terminal, the future of crypto and more

CryptoSlate recently had the opportunity to chat with Paul Barroso, the co-founder and CEO of Atani.

Barroso is an avid crypto trader and experienced software engineer. After graduating with a Computer Science degree, Paul developed a career in software engineering in London, United Kingdom.

After gaining experience across the tech stack both as a frontend and backend engineer, Paul joined US investment bank Morgan Stanley, where he developed a trade-matching engine and data intelligence hub for its Fixed Income Group.

Before co-founding Atani, Paul founded a cryptocurrency proprietary trading desk and traded across spot, margin, derivatives, options and OTC markets for crypto.

In the interview, we discuss:

  • How Paul got into crypto
  • Why he decided to start Atani
  • Atani’s notable milestones
  • The benefits of the Atani platform
  • What’s coming on the product roadmap
  • Biggest challenges of building a crypto trading terminal
  • Crypto predictions for 2021 and more

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