ZUG, Switzerland , March 15, 2023 /PRNewswire/ - GAIMIN ( http://www.gaimin.io ), the world's leader in delivering decentralised, distributed data processing power, today announces the release of its GAIMCRAFT API to convert Web2 applications to Web3.

Through GAIMCRAFT API technology a game developer is now able to convert their existing Web2 game into a Web3 game, integrating blockchain technology, including NFT assets into their game, and creating a crypto -based in-game economy.

The growth of blockchain technology and the benefits it provides to both application developers and gamers has identified a need for developers to integrate the technology into their applications. In a typical Web2 game, a player builds up an in-game asset repository, which is typically purchased through the game. When the player stops playing the game, the asset repository remains within the game and is lost, along with all the investment. With blockchain based NFT assets, the inventory is held outside the game, with the gamer retaining ownership of the asset. If the gamer starts playing a different game, they can re-use their NFT in the new game and therefore retain their investment. In addition, in-game NFT assets can also be transacted through a marketplace. Utilising smart contract technology, NFTs can be sold, purchased and even rented with transactions never disputed and validated through the blockchain. NFT rentals managed by a smart contract ensure return of the NFT at the end of the rental period, generating a financial return for the original owner and management of the ownership of the asset.

The GAIMCRAFT API enables a developer to convert a Web2 game to Web3 and take advantage of blockchain technology including smart contracts, NFTs and crypto wallets. With GAIMCRAFT API, the developer creates a unique product key and manages smart contracts containing NFTs within their application via this key. Users register with the application and can link crypto wallets to the game, allowing the developer to use blockchain-based assets, such as NFTs, managing and controlling NFT utility from within the game. The API also aligns with GAIMIN's GMRX cryptocurrency and delivers marketplace functionality to the developer, providing a ready made environment to deliver an in-game economy based on a real-world crypto currency.

Martin Speight , CEO of GAIMIN ( http://www.Gaimin. gg ) stated, "The release of our blockchain technology through an API is a game changer for games developers. Developers can bring their games to the Web3 gaming market through integration of GAIMIN's API into their applications. Currently supporting the EPIC/Unreal games development engine, we will be releasing SDKs incorporating the API for a number of different platforms over the coming months.

Andrew Faridani , CMO for GAIMIN said, "The release of this free API provides games developers with an easy route to delivering a Web3 game. Launching through GAIMIN provides a ready made, gaming-friendly, user community who already have a funded account ready to spend on their games. The incorporation of NFT technology into games means that in-game assets are transferable to other games and any investment in gaming is not lost when moving from game to game."

Martin added, "Conversion of a Web2 game to a Web3 game using GAIMCRAFT API provides a fast track for a games developer to launch their game on GAIMIN's soon to be launched Web3 games launcher - a repository of Web3 games all supporting blockchain technology. Use of GAIMIN's game launching platform provides a ready made user base for games; a user community motivated to play these games through the GAIMIN app which provides a passive monetization facility resulting in low cost or even free gameplay using their earned GMRX."

The added advantage of the GAIMCRAFT API is its alignment with GMRX, GAIMIN's cryptocurrency . Users of the GAIMIN app receive monetization rewards for passive participation in GAIMIN's distributed data processing network. Earned GMRX can then be used to cover costs associated with gaming, with Web3 games on the GAIMIN games launcher platform utilising GMRX for its in-game economy, the physical cost to gamers for playing a game is very much reduced or even eliminated.

About GAIMIN

GAIMIN.IO Ltd (GAIMIN) is a UK and Swiss based gaming company focused on helping the gaming community monetise the computational power of their gaming PC. GAIMIN has created a decentralised data processing network harnessing under utilised processing power typically found in gaming PC's to create a world-wide decentralised data processing network, delivering supercomputer performance.

With a free to download PC-based application, GAIMIN monetises the under utilised performance through innovative approaches to delivering supercomputer level data processing performance from a world-wide network of independent processing devices which power GAIMIN.CLOUD . Focusing initially on video rendering and AI data processing, with an always available service to power blockchain computations, the GAIMIN data processing network is continuously delivering data processing services and returning rewards back to its user community.

GAIMIN rewards users in its own crypto currency, GMRX which can then be used for purchases on the GAIMIN Marketplace for NFTs, in-game assets, accessories and merchandise, or it can be converted to fiat or a different crypto currency.

For more information on GAIMIN click on this link: http://www.gaimin.io To download the GAIMIN app, please go to http://www.gaimin.gg

For up to date information, please follow the following GAIMIN social media accounts:

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DoraHacks and the AI-powered oracle and ecosystem for blockchains Oraichain have formed a partnership in order to accelerate the adoption of the latters Layer 1 ecosystem for artificial intelligence (AI) and data economy.

In the next weeks and months, the two groups will collaborate on a variety of projects to promote the next generation of AI and blockchain technologies. These projects will include AI-enhanced decentralized applications (dApps), AI Oracles, and essential infrastructure, according to information shared with Finbold on March 16.

DoraHacks is one of the worlds largest and most dynamic multi-chain Web3 developer incentive platforms, with almost $30 million awarded to more than 3,000 ideas developed in the DoraHacks community via grants and hackathon awards.

Upwards of 250,000 people use DoraHacks every month because of the platforms hackathons, bounties, quadratic financing, privacy voting, and other useful community governance/funding toolkits.

Having partnered with DoraHacks, Oraichain is now one of the eighty or so major Web3 ecosystems employing Dora infrastructures to effectively finance their open-source communities and recruit talent.

The primary purpose of this partnership is to promote Oraichains ecosystem, tech stack, and toolkits to a larger audience by using DoraHacks developer community and platform traffic, hence inviting BUIDLers from all over the globe to create AI and blockchain use cases. DoraHacks will give its knowledge to the planning of hackathon events, seminars, and demo sessions, both online and in-person.

DoraHacks will also join Oraichain Mainnet as a validator, actively contributing to network security and assisting forthcoming hackathons.

The Layer 1 of Oraichain, which is IBC-enabled, serves as a full infrastructure for an open data economy by giving data scientists the means to organize data, train, test, and publish models to Oraichains AI Oracle, and then monetize them in a way that is both open and fair to all parties involved.

Finally, by working together, the two groups want to speed up the development of groundbreaking blockchain and AI technologies, such as Oraichains AI-powered dApps and the AI Oracles services, which are interoperable with smart contracts across several networks.

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Oraichain teams up with hacker movement DoraHacks to support ... - Finbold - Finance in Bold

Utrecht, Netherlands --News Direct-- AllianceBlock

AllianceBlock, the company building seamless gateways between TradFi and DeFi through its decentralized and trustless infrastructure, announced today its partnering with ABO Digital, the private digital asset investment arm of Alpha Blue Ocean, to offer tokenized structured products for institutions and crypto projects and institutions seeking alternative forms of financing.

Through its first-of-its-kind partnership with ABO Digital, AllianceBlock will leverage its decentralized and trustless blockchain infrastructure and the Nexera Protocol to tokenize traditional financial instruments and the option to wrap them into traditional Actively Managed Certificates (AMCs) for capital providers that do not want to hold digital assets. The partnership is another key milestone for AllianceBlock in its mission to build seamless gateways between Traditional Finance (TradFi) and Decentralized Finance (DeFi).

ABO Digital was created to offer a variety of structured financial products to the digital asset market, including convertible bonds, debt issuance, and warrants/options, providing the capital startups need to grow their customer and revenue base. ABO Digital will also explore providing alternative financial investments to institutions through tokenization.

AllianceBlock and ABO Digitals structured products will provide crypto projects with an alternative to traditional funding options, such as issuing tokens to market makers or venture capitalists via a Simple Agreement for Future Tokens (SAFT), helping them to access additional liquidity from institutional capital providers with full compliance.

Under the partnership, ABO Digital will help negotiate and structure financial instruments based on the projects capital and liquidity requirements. AllianceBlock, together with Nexera Protocols infrastructure and NexeraIDs identity management toolkit, will tokenize and transform these into AMCs with full compliance. Participants capital will be locked into smart contracts, with those funds disbursed to projects only once the minimum funding threshold has been raised. In return, capital providers will receive a traditional AMC, with AllianceBlock managing the assets by holding the convertible bonds, debt or warrants. ABO Digital will receive a structuring fee based on the amount raised, with AllianceBlock taking the majority of fees for managing the AMC or directly through the tokenized asset.

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Institutional and retail participants will benefit from the ability to provide capital to promising crypto projects using more risk-averse and compliant funding mechanisms, providing them with a different form of ownership than directly owning the projects tokens. In addition, theyll gain access to token capital-raising rounds reserved exclusively for large capital providers and the AllianceBlock community through the Fundrs platform.

ABO Digital and AllianceBlock will further bridge the gap between the crypto community and traditional financial markets by offering large crypto funds, private equity firms and other market participants the ability to provide capital in tokenized forms of traditional financial instruments, including shares, options, bonds, tokenized funds and tokenized AMCs. Tokenization will help these novel instruments to reach new classes of investors across both worlds, therefore increasing market liquidity.

Institutional capital providers are paying close attention to the tokenization of real-world assets and the potential impact they could have on the investment landscape. The trade of many real-world assets is still primitive, with ownership still signified on paper, thereby increasing transaction times and costs. The subdivision of real-world assets is also limited due to this model. With the tokenization of real-world assets, fractional ownership becomes a viable option and trading is streamlined, democratizing access to new markets while making them safer and fair. It is for these reasons that tokenization is set to play a transformative role in asset management for years to come.

Through this strategic partnership, AllianceBlock is set to revolutionize the industry by leveraging its infrastructure to tokenise traditional financial instruments and new instruments for the digital asset space, taking a giant leap forward in providing institutions with a more compliant and risk-averse way to take advantage of DeFi's benefits. This partnership marks a significant milestone for both companies and the industry as a whole, demonstrating our commitment to innovation, compliance, and risk management. The future of finance is looking brighter than ever. Rachid Ajaja, CEO of AllianceBlock

Together, ABO Digital and AllianceBlock represent the perfect combination of innovation, expertise, and professionalism in the cryptocurrency market. With our combined effort, we aim to bring a fresh perspective to the world of decentralized and traditional finance and attract more institutional capital providers. We look forward to working with AllianceBlock and paving the way for a new era in finance, one that is both creative and professional. Amine Nedjai, CEO of ABO Digital.

The collaboration between AllianceBlock and ABO Digital represents an innovative example of how the digital asset and traditional finance industries can benefit one another. As the industry matures and AllianceBlock expands the concept of structured financial instruments in crypto, traditional institutions will gain access to a new class of previously inaccessible assets via tokenization.

ABO Digital is the digital asset investment arm of the ABO group, which provides PIPE (Private Investment in Public Equity) financing to publicly listed companies across the world and has executed more than $2 billion in financing commitments over five years. ABO Digital leverages its institutional-grade expertise to provide innovative and alternative financing to cryptocurrency projects

AllianceBlock is building seamless gateways between decentralized and traditional finance by remedying issues in both spheres and linking them more closely. They see the future of finance as an integrated system where the best of both worlds can work together to increase capital flows and technological innovation.

By bridging traditional finance with compliant, data-driven access to new decentralized markets, DeFi projects, and ecosystem-scaling tools such as funding and interoperability, they are building a next-generation financial infrastructure that aims to provide regulated financial entities worldwide with the tools they need to access the DeFi space seamlessly.

Dan Edelstein

pr@marketacross.com

View source version on newsdirect.com: https://newsdirect.com/news/allianceblock-and-abo-digital-partners-to-offer-alternative-structured-financing-for-crypto-projects-991200117

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AllianceBlock and ABO Digital Partners To Offer Alternative, Structured Financing for Crypto Projects - Yahoo Finance

The Polygon (MATIC) network is preparing for the zkEVM mainnet beta launch on March 27. Among the hotly anticipated features include the Polygon Wallet Suite, an all-in-one front-end solution that allowed 100,000 Polygon users last month to safely bridge, swap, and manage their assets. The Polygon network has worked on Ethereum scaling solutions and facilitated over 1.2 million smart contracts from more than 224 million unique addresses and 292k contract creators.

Decentralised financial ecosystems (DeFi) have tapped into the Polygon scaling solution due to its low transaction cost. Moreover, the average cost per transaction on the Polygon network is about $0.018.

With the Polygon Wallet Suite, customers can expect a similar user experience (UX) on the Polygon PoS. However, the functionality will be different due to the environments within which they operate.

Functionality will not be exactly 1:1 because ZK environments operate a little differently. But as Polygon zkEVM matures, so will the Polygon Wallet Suite, Polygon noted in a blog post.

During the first day of Polygon Wallet Suite, users can expect to manage their assets and securely bridge between Ethereum and transact within the rollup with fast finality.

The Polygon networks zero knowledge EVM will have more exciting features besides the Polygon Wallet Suite. Among other key features include the Matic.js SDK and Gas Station will also be supported shortly after the launch of Polygon zkEVM Mainnet Beta. The Polygon developers can rest assured all their favorite assets are supported, including the ERC-20 and ERC-77.

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Along the way, the Polygon zkEVM has hit several milestones, including over 84k wallets, over 300k blocks produced, over 75,000 ZK proofs generated, and more than 5,000 smart contracts deployed.

Polygon zkEVM is the gold standard for EVM-equivalence, having passed 100 percent of the Ethereum test vectors that apply to a zkEVM. Developers can copy-paste code that works on Ethereum and use it to build on Polygon zkEVM without having to change a thingall Ethereum tooling works seamlessly with Polygon zkEVM. Thats frictionless scaling,

Polygon (MATIC) has remained among the top ten by market capitalization despite the year-long bear market. According to our latest crypto market data, Polygon (MATIC) has been up approximately 8.8 percent in the past seven days despite being down over 60 percent from its ATH.

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With a market capitalization of approximately $10,436,979,483, the Polygon network reported a 24-hour trading volume of about $918 million. With over 587,517 holders, according to on-chain data, Polygon (MATIC) is poised to gain more global recognition before the next bull market.

Crypto News Flash does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to cryptocurrencies. Crypto News Flash is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned.

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Polygon Wallet Suite allows users to safely bridge, swap, and ... - Crypto News Flash

The NFT has taken the world by storm, impacting various industries, including art, gaming, and real estate. One such area experiencing a revolution driven by these unique tokens is ticketing.

The technology offers an array of benefits, addressing age-old issues such as fraud and counterfeiting while introducing new possibilities for fan engagement and experiences.

By granting fans greater control and ownership of their tickets, NFTs have the potential to reshape the ticketing landscape.

With each representing a unique, verifiable asset that cannot be duplicated or counterfeited, fans can trust the authenticity of their purchase, knowing its legitimate.

The use of NFTs in ticketing brings a new level of security and transparency. Transactions are recorded on a decentralized, tamper-proof ledger, making it easy to track ticket ownership and history.

This ensures the authenticity of tickets, reducing the prevalence of fraud and counterfeiting.

NFTs can lend credence to the secondary ticket market, making it safer for fans when buying or selling tickets. By creating a transparent, verifiable record of ticket ownership, NFTs can eliminate the risks associated with purchasing counterfeit tickets or dealing with unscrupulous sellers.

This could lead to a more vibrant and trustworthy secondary market, benefitting both fans and event organizers.

NFTs can be programmed with smart contracts that dictate how they can be used, providing fans with a new level of ownership and exclusivity. This could include personalized experiences, exclusive merchandise, or even access to special events.

Such features add value to the ticketing process, enhancing the overall experience for fans.

They can also offer a new revenue stream for artists and event promoters. By implementing royalties into smart contracts, creators can receive a percentage of sales whenever their tickets are resold on the secondary market.

This ensures they continue benefiting from their work, even when fans trade their tickets.

Several companies, including the NBA and Ticketmaster, have already started exploring the potential of NFTs in the ticketing industry. These early adopters are paving the way for others, demonstrating the viability and benefits of this innovative approach:

While NFTs hold great promise for the ticketing industry, there are some challenges to overcome. These include the environmental impact of NFTs, the need for scalable solutions, and addressing concerns around data privacy and security.

The industry must address these issues to ensure the long-term success of NFT-based ticketing.

One of the primary concerns surrounding NFTs is their environmental impact. The creation and transaction of NFTs often rely on energy-intensive processes, contributing to a significant carbon footprint.

To address this issue, the industry must explore more sustainable solutions, such as utilizing energy-efficient blockchains or adopting carbon-offsetting initiatives.

As NFTs gain traction in the ticketing industry, scalability and interoperability will become increasingly important. The current infrastructure supporting NFTs may struggle to handle the high volume of transactions required for large-scale events.

Moreover, ensuring that different ticketing platforms can communicate and exchange NFTs seamlessly will be crucial for widespread adoption.

With the rise of NFTs, data privacy and security concerns have also emerged. NFTs store transaction data on a public blockchain, which can raise privacy concerns for some users.

The industry must strike a balance between maintaining transparency and protecting user data. This could involve implementing privacy-enhancing technologies or adopting best practices for secure data management.

As the adoption of NFTs in ticketing continues to grow, we can expect to see several trends and developments emerge. Here are some potential directions the industry could take:

The ticketing industry could explore partnerships with other sectors to create unique, NFT-driven experiences. For example, collaborations with the gaming or virtual reality industries could lead to immersive, interactive experiences for fans attending events.

These partnerships could unlock new revenue streams and further enhance the value of NFT tickets.

Non-fungible tokens could also enable fractional ownership of tickets, allowing fans to buy and sell shares of a ticket. This could make high-demand events more accessible to a wider audience, as fans could purchase a portion of a ticket rather than the entire asset.

This concept could also be applied to season tickets, enabling fans to invest in a team or artists entire tour.

As NFTs become more prevalent in ticketing, the need for regulation and standardization will grow. Establishing industry standards and best practices will help ensure a consistent, reliable experience for fans and event organizers.

In addition, regulatory bodies may need to adapt existing laws or create new ones to accommodate the unique aspects of NFT-based ticketing.

The integration of NFTs into ticketing marks a significant milestone, offering unparalleled security and transparency. By addressing long-standing issues such as counterfeiting and fraud, NFTs have the potential to revolutionize the ticketing industry, creating new opportunities for fan engagement, experiences, and revenue streams.

As the technology continues to evolve, we can expect even more innovation and disruption in the world of ticketing.

All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.

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Here's How NFTs Could Revolutionize the Ticketing Industry - BeInCrypto

TMS Network is rapidly gaining popularity in the cryptocurrency market. It has the potential to surpass two other prominent blockchain platforms, Fantom and Aptos, by market capitalization and user adoption, in 2023.

TMS Network (TMSN) is rapidly gaining popularity in the cryptocurrency market. It has the potential to surpass two other prominent blockchain platforms, Fantom (FTM) and Aptos (APT), by market capitalization and user adoption, in 2023. This projection has led many investors and cryptocurrency enthusiasts to take notice of this new project, and its potential for growth in the coming years.

Aptos (APT), a layer-1 Proof of Stake (PoS) blockchain, employs the Move programming language for smart contracts. Aptos (APT) aims to build a network of decentralized applications (dApps) to address real-world challenges that users face. However, some recent Aptos (APT) network sales have caused concerns among its community.

A Light Crypto analyst suggested that Aptos (APT) may have its development team sell tokens worth $45 million. The analyst further stated that Aptos (APT) had transferred $20 million to Binance (BNB). Previously, the same analyst had reported that nearly $1 billion worth of tokens were stored in Aptos (APT) wallet.

Numerous reports indicate that Aptos (APT) tokens are now under controlled supply. It has raised concerns among Aptos (APT) investors, who fear it could trigger a sell-off, and lead to a further drop in token value. Currently, the live price of Aptos (APT) tokens stands at $10.24.

Fantom (FTM) provides ledger services to businesses and applications. Its open-source nature allows Fantom (FTM) users to customize its functions to meet their specific needs. The platform is permissionless, enabling everyone to execute the code. Fantom (FTM) aims to establish an efficient infrastructure for developers to leverage technological advancements in the future.

Fantom (FTM) has experienced increased network activity since the beginning of last year. The Fantom (FTM) token price has been highly volatile over the last few months, leading analysts to believe this trend could continue.

As of now, Fantom (FTM) is trading at $0.4003. However, it is possible that Fantom (FTM) may see a surge before the next quarter. But, experts suggest that the price may undergo a standard correction leading to a temporary drop in Fantoms (FTM) value.

TMS Network (TMSN) is an upcoming platform poised to disrupt the trading industry, and introduce much-needed developments. TMS Network (TMSN) platform enables traditional traders to expect faster and more efficient trades. The use of smart contracts and blockchain technology, by TMS Network (TMSN), ensures greater security and transparency. Additionally, TMS Network (TMSN) aims to boost liquidity, allowing traders to access a wider market.

Traditional traders eagerly anticipate the launch of TMS Network (TMSN) platform, as they expect it to resolve several issues faced on traditional trading platforms, like centralization, a high fee for intermediaries, and unavailability to trade with different derivatives through a single platform. TMS Network (TMSN) will also allow traders to deposit and withdraw funds instantly. TMS Network (TMSN) is the worlds first platform that enables people to trade diverse digital assets, including CFDs, stocks, cryptocurrencies, and Forex.

TMS Network (TMSN) token price has surged to $0.038, raising over $700k in a span of only two weeks. It makes TMS Network (TMSN) one of the best purchases of 2023. So, hurry up and book your tokens today.

You can find out more about TMS Network:Website,Presale,Whitepaper,Telegram,Twitter.

Continued here:

TMS Network (TMSN) Projected to Surpass Fantom (FTM) and Aptos (APT) in 2023 - Coinspeaker

Thursday 16 March 2023 11:50 am

We continue from Part 1 with other key forms of decentralisation.

A DAO doesnt have a central authority and operates based on proposals from its members. Such must be approved by a majority of members to become valid. They then implement these proposals using smart contracts which give the organisation rules on which to execute the agreed-upon actions of its members. Decision-making power is distributed and automated, thus eliminating the need for day-to-day administration. The benefits of a DAO include increased transparency and decentralisation of power. This also enables the autonomous corporation to function independently and without third-party influence. The removal of third-parties reduces cost and downtime.

Traditional organisations require trust in the people at the top whereas in a DAO, its the community that runs the show in bottom up fashion. Trust is placed in the code. Codes are far more concrete than trying to understand human motivations. DAOs are also completely transparent and verifiable where every transaction is available on the blockchain.

In consequence, a DAO is more efficient thus can scale faster. Since decentralised organisations have no hierarchical structure, they allow any stakeholder to put forward an innovative idea to improve a project.

Another feature of a DAO is that it distributes decision-making power to all participants. This is crucial to avoid human error. Human beings tend to misbehave in organisations. They are often given power and act in their own interest, whether they are motivated by greed, prejudice, or a desire for fame. Those flaws can make an organisation vulnerable.

DAOs allow Web3 communities to scale and grow without the risk of collapsing into an oligarchy or bureaucracy. This bottom up structure ensures ongoing democracy unlike the pseudo types seen across the globe. Gaining membership in a DAO can be as simple as buying an NFT or DAO token. Smart contracts enforce the DAOs rules in a trustless, objective manner.

The development of the DAO is done by way of vote by each member in the community who holds NFTs or tokens. Members can gain voting rights by purchasing a governance token. Voting is done through a process called proof of stake. In order to vote, a member must first deposit a cryptocurrency into a DAO smart contract. This deposit is called a stake.

The size of the stake determines the weight of the members vote. While some may complain this means the big dogs will monopolise the power, skin in the game has proven to be economic. The more invested the individual, whether in terms of capital or time, the more likely that person will act in the best interest of the organisation.

While misjudgements and mistakes will be made, this process is far more democratic and robust than traditional top down hierarchies. Further, the largest capital holders in DAOs are likely to be far more distributed than just a board of directors in traditional corporations or elected officials in governments.

Dictators with too much power often enact crippling laws that carry consequences for future generations sometimes leading to genocides. Dictatorships are notoriously centralised around one ruler that carries dire consequences for the masses. In China, dogmatic dictator Mao enacted the one-child policy because he feared the young generation would eat the rest of the population alive. He also sent 17 million educated, privileged youth into exile. Without young people, the Chinese labour cost has increased by a factor of 14 since the year 2000. Mexican labour is now one-third the cost and twice as skilled as Chinese labour.

In Russia, 2022 was the last year that Russia had enough people in their 20s to even attempt an invasion of Ukraine. The demographic structure in Russia is diseased, aged, and in terminal decline. In consequence, the logistical supply chains that fuel Russian troops may erode to the point where Ukraine can push the Russians out of Crimea in the east and put an end to this war.

The partial decentralisation of power structures through blockchain and AI is key. One solution is to use an eGov-DAO blockchain to decentralise decision-making and increase transparency. This could potentially revolutionise the way governments operate, making them more efficient and accountable within various agencies while being less susceptible to corruption and more immune to attacks than traditional governments.

eGov-DAOs would remove the security risks of a highly centralised IT infrastructure. Private businesses could then engage with the government for contracted services with increased transparency and trust, reduced costs, and a more efficient process.

Such a system would be fully decentralised making it immune to systemwide malicious attacks. This approach has the potential to regulate and manage all relationships between decision-makers, management, agency staff, other agencies, clients, contractors, stakeholders and citizens using smart contracts.

Some of these contracts would enforce law, while others could guide agreements and internal processes. Every government transaction such as the use and transfer of money, property, data, access/use rights would be recorded on a public blockchain to maintain transparency and accountability. Smart contracts could allow for varying degrees of access.

The DAO would be controlled by pre-defined rules enacted via a smart contract, so it would eliminate errors and paperwork associated with traditional human processes.

A wide range of government procedures could also be automated using the blockchain. Something called a blockchain-based smart permit, for example, might handle many routine government activities. A smart permit, like a blockchain smart contract, is a kind of legal agreement that establishes obligations for various parties. The government and the permitted entity would have separate responsibilities as pertains to the issuance of licences. A non-governmental organisation may engage in a regulated function under the authority of a permit.

Both government and commercial services have been hacked in the past through ransomware and denial-of-service attacks. The e-Gov DAO would prevent this while lowering IT infrastructure costs.

eGov-DAOs will save governments money, increase efficiency, and reduce risk by establishing a transparent and secure e-government system with minimum cost. Estonia was billed as the worlds leading digital e-nation in 2017 well after it launched its e-residency program as well as a nation-wide digital signature platform.

With the launch of Estonian Web3 Chamber, it is well on its way to reclaiming its pole position as it aims to help regulators understand the vast potential of this tech such that the onerous, overbearing regulation in the crypto space will be transformed into a mature, evolved set of rules that enable massive utility.

At a time when public trust in government is at a major low, Web3 blockchain governance is the way forward.

Bitcoin. What more needs to be said? Bitcoins hash rate towers over all other cryptocurrencies. It has never been hacked. Its original code never had to fork. It remains the most secure, peer-to-peer value transfer technology in the history of humanity.

Bitcoin IS the magna carta of code. There are no constitutional rights without the freedom to transact.

This explains why $1 invested in Bitcoin at its average cost of $0.007 in 2010 is today worth $22k/0.007 = $3.1 million. With all the central banks debasing their currencies, the value of a single Bitcoin should well exceed $1 million in the years ahead. Just as with peer-to-peer illegal file sharing, governments could never even come close to eliminating it because its decentralised. Instead, it survived then thrived.

Centralised systems failed because they were hacked, overleveraged, engaged in uncollateralized lending, or outright broke the law. FTX, Celcius, Three Arrows Capital, and LUNA among others all failed because they engaged in uncollateralized lending to risky counterparties. This is how the extremely high rates of interest could be achieved. But there is no free lunch. Offering such rates of interest took on levels of risk that came crashing down as the bear market took hold.

On-chain, smart contract, protocol-based cryptographic technology overcomes these problems by eliminating the middle men which require us to trust them. Trusted third parties are security holes. Indeed, at the same time centralised entities were imploding, DeFi protocols which lent to largely unknown counterparties, were fine.

At the base level, we have companies such as Aave, Compound, and Maker that force people to post collateral while enforcing aggressive risk controls. Smart contracts can be used to automate payments and transfer value which greatly reduces the cost and time it takes to make a payment, especially for cross-border transactions.

DeFi lending/borrowing: DeFi offers the best platform for lending or borrowing both crypto and real-world assets which opens new revenue streams while increasing access to capital for individuals and businesses. Real-world assets will be tokenized on-chain. One can also leverage with perpetual contracts that never expire. Interest is paid to the side with less demand, thus longs pay shorts when markets are trending higher and vice-versa. This system will exist in parallel with TradFi (traditional finance) systems.

DeFi growth: DeFi at present has a valuation that is minuscule compared to TradFi. The room for growth is massive. For this growth to continue along its S-curve, liquidity, UI (user interface), and transaction fees must be optimised.

a) DeFi growth- liquidity: Liquidity can be increased by using multiple chains, layer 2s, and liquidity pools. One will submit a trade through a platform that sources liquidity to get the best price with least slippage. Cross-chain bridges will become hack-proof by using zero-knowledge (ZK) protocols. Ethereum will be undergoing upgrades that include ZK protocols later this year. This will greatly increase liquidity.

b) DeFi growth- UI: UI must also become so seamless, the user does not even know they are utilising DeFi, much as AOL and Netscape made the internet easily navigable to tens of millions back in the mid-1990s. Metamask is used by millions but its UI can still be much improved as non-crypto users often find it intimidating; this prevents mass adoption. Further, there are security risks.

A logical solution might be an MPC-based wallet with superior UI as data can be shared in a distributed manner without any third parties and is end-to-end encrypted so no private information is ever revealed. Private keys are not stored in one place which removes single points of failure. Zero-knowledge proofs provide a secure and privacy-preserving way to confirm the validity of transactions without revealing any sensitive information about the parties involved or the details of the transaction. This is facilitated by cryptographic algorithms which make blockchain-based payments more secure and private, as it eliminates the need to trust intermediaries.

c) DeFi growth- fees: Fees currently are paid in ETH. Users should be able to pay fees in stablecoins such as USDC and USDT. A user can easily send stablecoins to their wallet to pay fees which removes the need to buy ETH at all to pay fees.

d) DeFi growth- fiat on-ramps: Fiat-to-crypto on-ramps need to be included in DApps (decentralised apps). Right now, there are no on-ramps where users can easily buy crypto at low fees. Governments may try to block this through regulation. I think that at worst, if centralised exchanges ended up preventing the transfer of assets to non-KYC decentralised wallets such as Metamask, many would KYC their metamask wallets. In countries where regulations kill DeFi due to unrealistic KYC requirements, DeFi will just populate those countries that dont carry such requirements.

If all governments banned DeFi, DeFi could still exist without KYC within the crypto space. In such a scenario, over time, crypto may fork away from fiat such that we have a black market of sorts where people transact purely in crypto away from plunging fiat as govts struggle to get control. Such a separate market could become a large part of the digital world once a substantial number of people join.

Heres a good take by the creator of Cardano on why decentralising identities for AML/KYC is key. Heres another solution where a self-sovereign decentralised ID can solve the AML/KYC issue for decentralised wallets with their website: https://www.nestprotocol.org/. The valuation of NEST rose in 2022, bucking the bear market.

The technologies that solve the above problems will enable mass adoption of DeFi as it is far more trustless, efficient, open, and global than TradFi.

Identity theft and breaches are becoming more common. Verizons email hacking statistics show that phishing attempts are responsible for 80% of malware infections and almost 95% of all espionage attacks. Facebook has also had many data breaches since it was launched; hackers use its platform for phishing scams.

A decentralised digital wallet on the blockchain can be used on a mobile to securely store your digital identity and credentials with encryption. This approach conceals data which greatly reduces the risk of credential tracking, hacks, and gaining unauthorised access to steal or monetize peoples data.

With a decentralised identity, passwords dont exist. Instead, cryptographic keys are used to authenticate users. Individuals own their own digital identity.

Fake diplomas are a billion-dollar industry. With DID, organisations can issue and verify fraud-proof credentials and documents instantly. Even back in the 1980s, there were approximately 5,000 fake doctors in the US. These numbers continue to rise.

With DID, applicants earn a digital certificate from the respective institution or university. Applicants looking for a job share their verifiable certificate stored on their digital wallets with the company. The company receives a QR code and simply scans it to instantly confirm that her certificate is authentic.

By contrast, the traditional, manual verification process would normally take weeks.

I first discussed it HERE. David Friedberg discussed its possibilities in his recent podcast HERE.

One can see how peer-to-peer decentralised systems can propel humanity by orders of magnitude. Over the next generation, we may look back on centralised systems of governance whether it be nation-states or corporations as relics of the past.

Of course, centralised systems will not let go of their power base willingly so expect the next significant ongoing war to be between centralised and decentralised systems. As digital valuations rise above traditional physical valuations, expect cyberwarfare to also be another major and ongoing war.

But due to the exponential growth of peer-to-peer decentralised networks which are outside of government control, expect these networks which are more efficient and economic to overtake centralised systems within the next decade or so. Stay tuned for my upcoming piece on network states which, in time, will co-exist or even replace traditional forms of government.

(:B :B)

Dr Chris Kacher, PhD nuclear physics UC Berkeley/record breaking KPMG audited accts in stocks & crypto/bestselling author/top 40 charted musician/blockchain fintech specialist. Co-founder of Virtue of Selfish Investing, TriQuantum Technologies, and Hanse Digital Access. Dr Kacher bought his first Bitcoin at just over $10 in January-2013 and contributed to early Ethereum dev meetings in London hosted by Vitalik Buterin. His metrics have called every major top & bottom in Bitcoin since 2011 to within a few weeks. He was up in 2018 vs the avg performing crypto hedge fund (-54%) [PwC] and is up well ahead of Bitcoin & alt coins over the cycles as capital is force fed into the top performing alt coins while weaker ones are sold.

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A decentralised world brings economic efficiency, economic proficiency, stability, and peace of mind Part 2 - City A.M.

In the world of blockchain and cryptocurrency, two names stand out: Solana and Ethereum. Both of these blockchains have gained a significant amount of attention and adoption in recent years, and for good reason. Solana and Ethereum are two of the most advanced and innovative blockchain platforms on the market, each with its own unique set of features and capabilities. This article will take a dive into the differences between these blockchains.

To understand the differences between Solana and Ethereum, we first need to look at their respective technology and architecture. Solana was designed from the ground up to be a high-performance blockchain platform that can handle a large number of transactions per second. Solanas architecture is based on a unique combination of technologies, including a permissionless, proof-of-history (PoH) consensus mechanism, a Tower BFT consensus algorithm, and parallel processing.

Solanas PoH mechanism records the ordering of events in a verifiable way, which enables the platform to achieve high throughput without sacrificing security. The Tower BFT consensus algorithm enables nodes to reach consensus on the ordering of transactions, while parallel processing enables Solana to process multiple transactions simultaneously.

Ethereum, on the other hand, is based on a different architecture. It uses a virtual machine called the Ethereum Virtual Machine (EVM) to execute smart contracts, which are self-executing contracts that run on the blockchain. Ethereums architecture is based on a proof-of-work (PoW) consensus mechanism, which requires nodes to solve complex mathematical problems to add new blocks to the blockchain.

One of the main differences between Solana and Ethereums architecture is their approach to scaling. Solanas parallel processing and PoH mechanism enable it to achieve high throughput, while Ethereums PoW consensus mechanism is known for its energy-intensive nature, limiting its scalability. However, Ethereum is currently transitioning to a proof-of-stake (PoS) consensus mechanism, which is expected to reduce its energy consumption and increase its scalability.

One of the most critical factors in blockchain technology is scalability, the ability to handle a large number of transactions per second (TPS) without sacrificing security. Solana and Ethereum have taken different approaches to achieve scalability, each with their own benefits and limitations.

Solanas architecture is designed to maximize scalability, and the platform is capable of handling up to 65,000 TPS. Solanas parallel processing enables the platform to process multiple transactions simultaneously, which significantly increases its throughput. Additionally, Solanas PoH mechanism ensures that the platform can maintain high throughput without sacrificing security or decentralization.

Ethereums scalability, on the other hand, has been a long-standing issue. The platforms PoW consensus mechanism has limited scalability, as it is energy-intensive and requires significant computing resources. However, Ethereum is in the process of transitioning to a PoS consensus mechanism called Ethereum 2.0, which is expected to increase the platforms scalability and reduce its energy consumption.

In addition to throughput, another critical factor in scalability is network congestion. When a blockchain platform becomes congested, it can result in slower transaction times and higher transaction fees. Both Solana and Ethereum have experienced network congestion in the past, but Solanas parallel processing and PoH mechanism have enabled it to handle congestion better than Ethereum. Ethereum, on the other hand, has experienced network congestion during periods of high usage, resulting in slower transaction times and higher fees.

The consensus mechanism is a critical component of any blockchain platform. It is the mechanism by which nodes in the network agree on the state of the blockchain. Solana and Ethereum use different consensus mechanisms, each with its own benefits and limitations.

Solana uses a unique consensus mechanism called Proof of History (PoH). PoH is a timestamp-based mechanism that provides a verifiable and auditable record of the ordering of events in the blockchain. PoH enables Solana to achieve high transaction throughput without sacrificing security or decentralization. Additionally, Solana uses a Tower Byzantine Fault Tolerance (BFT) consensus algorithm, which enables nodes to reach a consensus on the ordering of transactions.

Ethereum, on the other hand, currently uses a proof-of-work (PoW) consensus mechanism, which requires nodes to solve complex mathematical problems to add new blocks to the blockchain. PoW is known for its energy-intensive nature, which limits its scalability. However, Ethereum is in the process of transitioning to a proof-of-stake (PoS) consensus mechanism called Ethereum 2.0, which is expected to reduce its energy consumption and increase its scalability.

PoS works by using a stake-based mechanism where nodes that hold a certain amount of cryptocurrency, also known as a stake, are chosen to validate transactions and add new blocks to the blockchain. PoS is considered more energy-efficient than PoW, as it requires less computing power to validate transactions.

While Solana and Ethereums consensus mechanisms are different, they share a common goal: to provide a secure and decentralized network. Solanas PoH and Tower BFT consensus algorithms enable it to achieve high throughput while maintaining security, while Ethereums PoW and upcoming PoS mechanisms provide a decentralized way of adding new blocks to the blockchain.

Choosing between Solana and Ethereum depends on the specific needs of each application. Solanas PoH mechanism and Tower BFT consensus algorithm make it a strong choice for high-performance and low-latency applications, while Ethereums smart contract capabilities and upcoming PoS mechanism make it a strong choice for decentralized applications that require a more flexible programming environment.

Smart contracts are self-executing contracts that run on a blockchain platform. They enable the creation of decentralized applications (DApps) that can operate autonomously and securely without the need for intermediaries. Ethereum is widely recognized as the leading platform for building DApps, thanks to its smart contract capabilities. However, Solana is quickly emerging as a competitor in this space.

Ethereums smart contract capabilities enable developers to build complex DApps on the blockchain. Ethereums smart contracts are written in a programming language called Solidity, which is specifically designed for building smart contracts. Solidity is a high-level language that is easy to learn and use, making it accessible to a wide range of developers. Additionally, Ethereums smart contracts are compatible with a wide range of tools and libraries, making it easy for developers to build and deploy DApps on the platform.

Solana, on the other hand, uses a programming language called Rust for its smart contracts. Rust is a systems programming language that is known for its performance and security. While Rust is not as widely used as Solidity, it has a growing community of developers who are familiar with the language. Additionally, Solanas smart contract capabilities are designed to be highly performant, making it an attractive option for DApps that require high throughput and low latency.

A blockchain platforms ecosystem and community are essential factors to consider when evaluating a platforms suitability for building DApps. A thriving ecosystem and community provide developers with the tools, resources, and support they need to build successful applications on the platform.

Ethereum has a well-established ecosystem and community that has been growing since the platforms inception in 2015. Ethereums ecosystem includes a wide range of tools and libraries that enable developers to build and deploy DApps on the platform. Additionally, Ethereum has a robust community of developers who actively contribute to the platforms development, including the development of new protocols, tools, and libraries.

Solanas ecosystem is less established than Ethereums, but it is rapidly growing. Solana has been gaining popularity among developers due to its high-performance capabilities and low-latency smart contracts. Additionally, Solana has been making significant investments in its ecosystem, including the creation of the Solana Foundation, which provides funding and support for developers building on the platform. Solanas community is also growing rapidly, with a growing number of developers contributing to the platforms development and building new tools and applications on the platform.

When it comes to the community, both Solana and Ethereum have active and engaged developer communities. Ethereums community is more mature and has a broader range of developers contributing to the platforms development. Solanas community is younger but growing fast, with a focus on high-performance and low-latency applications.

Tokenomics is the study of a blockchain platforms economic model and the incentives it provides to its users. Vital to the respective ecosystems of both Solana and Ethereum, are their respective native tokens that have an indispensable role.

Solanas native token is called SOL, and it is used to pay for transaction fees and participate in the platforms governance. SOL has a fixed supply of 500 million tokens, and it is used to reward validators for participating in the network. Additionally, SOL is used to fund development on the platform, including the creation of new applications and protocols.

Ethereums native token is called Ether (ETH), and it is used to pay for transaction fees and participate in the platforms governance. ETH has a variable supply, with no fixed maximum limit. Ether is also used to fund development on the platform, including the creation of new applications and protocols.

Both SOL and ETH play an important role in their respective platforms ecosystems, providing incentives for users to participate in the network and contributing to the overall health and growth of the platforms. Additionally, both platforms have a thriving ecosystem of decentralized applications and protocols that use their respective tokens.

Both Solana and Ethereum have seen significant adoption in recent years, with a growing number of developers and businesses using their respective platforms for a wide range of applications. Ethereum has seen widespread adoption as the leading platform for building decentralized applications, or DApps.

Ethereums smart contract capabilities enable the creation of a wide range of DApps, including decentralized finance (DeFi) applications, non-fungible tokens (NFTs), and gaming applications. Additionally, Ethereums ecosystem includes a wide range of tools and resources that enable developers to build and deploy DApps on the platform.

Solana is a newer platform, but it is quickly gaining popularity among developers and businesses. Solanas focus on high-performance and low-latency applications has made it an attractive option for developers building applications that require fast transaction processing and scalability. Additionally, Solanas ecosystem is growing rapidly, with a growing number of tools and resources available for developers building on the platform.

Both Solana and Ethereum have seen adoption in a wide range of use cases beyond DApps. For example, Solana has been used for gaming applications, while Ethereum has been used for supply chain management and identity verification applications.

Solana and Ethereum are two of the most advanced and innovative blockchain platforms available today. Both platforms have their own unique set of features, capabilities, and limitations that make them suitable for different use cases. Solanas focus on high-performance and low-latency applications, combined with its unique consensus mechanism, makes it an attractive option for developers who require fast transaction processing and scalability. Ethereums well-established ecosystem, broad developer community, and smart contract capabilities make it a strong choice for developers who require a more flexible programming environment. Ultimately, the choice between Solana and Ethereum comes down to the specific needs of each application.

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Solana vs Ethereum: How to Choose One With Better Features and ... - Cryptopolitan

Grupo Pro Arte y Cultura Announces Winners of the 2022 Mayte Spnola Gold Medals on the WISe.ART Platform and showcased in Times Square in NYC

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New York / Madrid March 16th, 2023: WISeKey International Holding Ltd. (WISeKey) (SIX: WIHN, NASDAQ: WKEY), a leading global cybersecurity, AI, Blockchain, and IoT company, in partnership with Grupo Pro Arte y Cultura, announced today the winners of the 2022 Mayte Spinola Gold Medals through the WISe.ART platform, showcased in Times Square. The ceremony will take place on June 13, 2023.

Mayte Spnola founded The Pro Arte y Cultura Group in 1990. Over the past few years, she has been presenting awards to recognize the works of outstanding people in fields such as culture, art, technology and solidarity.

This year, the medal ceremony will be combined with NFTs minted on the WISe.ART platform, the Entrusted Next-Gen NFT Marketplace secured by WISeKey technology that guarantees an authenticated and signed version of the actual digital asset, providing proof of ownership, provenance and a set of terms and conditions of smart contracts that describe future usage and monetization streams.

WISeKey's innovative security technologies enable the authentication of phygital assets in a secure end-to-end process, proven by its 20-year experience and work in this domain. The trust is enabled by the OISTE/WISeKeys Swiss based cryptographic Root of Trust (RoT).

The Mayte Spnola 2022 Gold Medals have been awarded, in their VIII edition, by a panel chaired by Mayte Spnola, and made up of:

The Medals, which will be delivered at the Hacienda de San Antonio, Valencia, owned by Antonio Snchez de Len y Cotoner, on June 13, 2023, have been awarded to:

About WISeKey: WISeKey (NASDAQ: WKEY; SIX Swiss Exchange: WIHN) is a leading global cybersecurity company currently deploying large scale digital identity ecosystems for people and objects using Blockchain, AI and IoT respecting the Human as the Fulcrum of the Internet. WISeKey Microprocessors Secures the pervasive computing shaping todays Internet of Everything. WISeKey IoT has an install base of over 1.6 billion microchips in virtually all IoT sectors (connected cars, smart cities, drones, agricultural sensors, anti-counterfeiting, smart lighting, servers, computers, mobile phones, crypto tokens etc.). WISeKey is uniquely positioned to be at the edge of IoT as our semiconductors produce a huge amount of Big Data that, when analyzed with Artificial Intelligence (AI), can help industrial applications to predict the failure of their equipment before it happens.

About WISe.ART: WISe.ART is a fully-fledged marketplace. It can connect all actors of the arts industry. Our white-labeling options and special NFT designs ensure that besides an authenticated and signed version of the actual digital asset, creating an irreversible link to the physical object, providing proof of ownership, provenance, and a set of smart contracts describing future use and monetization streams.

The WISe.ART NFT platform is fully secured by WISeKeys innovative security technologies enabling the authentication of digital assets, in a safe end-to-end process based on our experience and proven expertise in this domain.

Disclaimer: This communication expressly or implicitly contains certain forward-looking statements concerning WISeKey International Holding Ltd and its business. Such statements involve certain known and unknown risks, uncertainties and other factors, which could cause the actual results, financial condition, performance or achievements of WISeKey International Holding Ltd to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. WISeKey International Holding Ltd is providing this communication as of this date and does not undertake to update any forward-looking statements contained herein as a result of new information, future events or otherwise.

This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any securities, and it does not constitute an offering prospectus within the meaning of article 652a or article 1156 of the Swiss Code of Obligations or a listing prospectus within the meaning of the listing rules of the SIX Swiss Exchange. Investors must rely on their own evaluation of WISeKey and its securities, including the merits and risks involved. Nothing contained herein is, or shall be relied on as, a promise or representation as to the future performance of WISeKey.

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