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Bybit, the second-largest cryptocurrency exchange by trading volume, has announced bbSOL Maxi Rewards, a new campaign in partnership with SOLV Protocol, according to the most recent reports shared with Finbold on Monday, December 30. The campaign runs from December 30, 2024, (10:00 AM UTC) to January 20, 2025, (10:00 AM UTC), and users will be able to compete for a share of 1,300,000 SOLV tokens by staking their Solana (SOL) tokens. bbSOL Maxi Rewards are HERE!#BybitWeb3 and @SolvProtocol are bringing you a chance to win a share of 1,300,000 SOLV! Stake $SOL, earn #bbSOL, and unlock exciting rewards! Start staking now https://t.co/wXfy9HobYi#SolvProtocol pic.twitter.com/mrriHCCRBW — Bybit Web3 (@Bybit_Web3) December 30, 2024 bbSOL Maxi Rewards campaign The campaign encourages participants to stake a minimum of 0.5 SOL using their Bybit Web3 Seed Phrase Wallet via the Bybit Web3 Earn platform.  ...

Immersive Web3 gaming platform Upland has announced an extension of its collaboration with the NFL Players Association (NFLPA) for the fourth season. The collaboration, which also includes OneTeam Partners (OneTeam), will focus on creating new avenues of engagement and rewards to the existing ones for the upcoming NFL season, Upland said in a press release shared with Finbold on September 13. “We’re thrilled to continue our partnership with the NFLPA and OneTeam for the 4th year in a row.<..> Being named NFLPA’s Licensee of the Year in 2022 was a significant achievement, and it inspires us to keep innovating in this coming season,”,” said Idan Zuckerman, Co-Founder of Upland. Picks for you OpenAI’s o1 predicts Bitcoin (BTC) price for the end of 2024 2 hours ago ...

Libre, a groundbreaking web3 protocol by WebN Group and Laser Digital, harnesses Polygon technology for regulatory-compliant alternative investment management. WebN Group and Laser Digital have jointly introduced Libre, a web3 protocol powered by Polygon technology. Laser Digital, the crypto arm of Nomura, and WebN Group, a fintech and web3 incubation hub backed by Laser Digital and Brevan Howard co-founder Alan Howard, collaborate on this project. The institutions have arrived on Polygon CDK. For the first time, a financial institution-focused L2 is being built, settling to Ethereum. Introducing Libre, institutional web3 infrastructure for the distribution of alternative asset funds , launched by WebN and @LaserDigital_.… pic.twitter.com/Ybs3Ul8Fzv — Polygon (Labs) (@0xPolygonLabs) January 10, 2024 You might also like: CBOE announces the listing of several Bitcoin ETFs pending SEC approval Libre utilizes asset tokenization and smart contracts, focusing on regulato...

At least three quarters of web3 games have entirely failed, according to researchers at CoinGecko, who found that a stunning 2,127 abandoned or inactive web3 games have launched over the past six years. CoinGecko used Footprint Analytics’ data for its study. It defined a failed game as one whose activity had declined by more than 99% since its peak. In 2018, crypto founders launched a total of 422 games. Within 12 months, 307 of those had failed. In 2019 and 2020, failure rates for web3 games declined to abysmal annual lows of 94%. Unfortunately, this year is faring no better. 509 out of 720 games launched in 2023 have already failed — representing a 71% failure rate. Below is a list of some failed web3 games. All of this assumes, of course, that web3 even exists beyond a marketing buzzword. You don’t own “web3.” The VCs and their LPs do. It will never escape their incentives. It’s ultimately a centralized entity with a different label. Know what you’re getting into… ...

Hackers managed to steal $2 billion in crypto in 2023, but for the first time since 2020, the trend is showing a decline. Throughout 2023, scammers and hackers executed numerous cyberattacks and rug pulls, resulting in the theft of approximately $2 billion worth of cryptocurrency, as reported by De.Fi, a web3 firm. A spokesperson for De.Fi, in a conversation with TechCrunch, emphasized that the figure highlights the “persistent vulnerabilities and challenges within the DeFi ecosystem.” You might also like: Major crypto hacks of 2023: how industry lost over $1b within minutes De.Fi’s REKT database documented at least 455 incidents in 2023, with the largest hack amounting to $231 million, attributed to Multichain. Despite the alarming $2 billion total, the efforts of cybersecurity experts and white hat hackers led to the recovery of approximately $200 million from the overall sum, De.Fi’s data shows. Funds lost by blockchain | Source: De.Fi Et...

Cointelegraph Accelerator, Animoca Brands, BGA, Metaera, Cipholio and Sandbox the second Gaming Demo Day to showcase seven new projects from the Web3 gaming space. Web3 gaming has become one of the hottest trends in the tech world, and not without a good reason. Using blockchain technology to give more control to gamers turned out to be a fascinating idea and catapulted Web3 gaming to the main stage of Web3 space. Web3 gaming applies key principles of blockchain technology - including decentralization, true ownership and community - to video games. Blockchain has enabled the creation of concepts such as play-to-earn (P2E), nonfungible tokens (NFTs) and more to cater to the needs of true players who don’t want to escape exploitation by the Web2 monopoly. The fast growth of Web3 gaming, however, makes it hard to track the most promising projects and chart the map of the blockchain-based gaming ecosystem. To provide a reliable perspective on Web3 gaming, Cointelegraph Accelerator has ...

Binance Labs is launching a new platform called ColLabs, targeting web3 founders , builders , and investors. ColLabs aims to streamline venture capital operations, knowledge sharing, and professional networking. It extends Binance Labs’ ongoing incubation and guidance efforts, targeting the mentoring and funding needs of the web3 sector with unique resources like customized learning content and event access. However, there have been question about it accessibility due to the exclusivity of these resources. We’re thrilled to announce ColLabs by Binance Labs an invite-only Web3 investment community for investors, founders & builders . Member-only content Real-time deal sourcing Insights from investors Access to Binance Labs network Read morehttps://t.co/uaWXeb8jQ9 — Binance Labs Fund (@BinanceLabs) August 31, 2023 The new venture also offers carefully reviewed investment prospects from Binance Labs’ current portfolio. While this could simplify due diligence f...

Dubai now offers web3 and artificial intelligence (AI) projects a 90% license-fee discount. The city of Dubai in the United Arab Emirates is offering a 90% subsidy on commercial licenses for artificial intelligence (AI) and web3 businesses. The tech hub called Dubai AI and Web 3.0 Campus announced the decision to attract companies to set up a base in the city.  The issuance of these licenses will be facilitated by the Dubai International Financial Centre (DIFC), a financial free zone within the city. Enterprises looking to take advantage of the subsidized commercial license s offer ed by Dubai’s AI and Web3 Campus must complete a sign-up form. You might also like: Binance secures Dubai’s MVP operational license Nomura’s Laser Digital secures license in Dubai Dubai’s efforts to foster growth in the technology sector extend beyond attracting talent. The city has also taken significant steps towards embracing the crypto industry by granting operational lice...

ReadON aims to utilize blockchain technology to solve age-old Web2 content issues while giving back control to users. The creator economy has become a $100 billion market thanks to the rise of social media and digital content. However, it’s bound mainly by centralized content platforms, leaving dismal incentives for actual creators to provide better content for audiences. YouTube’s latest efforts to compete with TikTok and Instagram, YouTube Shorts, is notorious for giving minimal gains for creators and Twitter recently started paying peanuts for content creators . Content creators are looking for new ways to reclaim their control over the content, which could enable communities to discover their preferred content, protect users from data violation and ensure a more balanced distribution of traffic and earnings for all parties. Web3 puts creators and users back in the driver’s seat by providing transparent, traceable, scalable content distribution opportunities.  Unlike centraliz...

UK Prime Minister Rishi Sunak welcomes the move as the country looks to empower blockchain and Web3 space. The UK Prime Minister and policymakers promise to provide clear regulations and guidelines to foster Web3 development and the digital asset industry . Andreessen Horowitz Opens First International Office in London According to an official announcement, Andreessen Horowitz’s a16z crypto will open its first international office in London later this year. Venture capital fund a16z crypto is the largest investor in crypto and web3 startups and manages $7.6 billion in committed capital. The move comes amid the U.S. Securities and Exchange Commission’s (SEC) continuing crackdown against the crypto industry, suing crypto exchanges Coinbase (COIN) and Binance last week for allegedly violating securities laws. Chris Dixon , founder and managing partner at a16z crypto, asserts the Biden administration is trying to kill crypto and UK has deep pools of talent, world-leadi...

The newly branded Halo Wallet seeks to broaden its efforts from Web3 to social finance, also known as SocialFi. Decentralized wallet KuCoin Wallet announced on Apr. 3 that it has rebranded as Halo Wallet and launched a new SocialFi ecosystem. According to the announcement, the newly independent Halo Wallet received a fresh round of financing from several investors, including KuCoin Ventures, IDG, HashKey Capital, and other Web3 strategic partners.  1/ We’re thrilled to announce that #KuCoinWallet has officially rebranded to Halo Wallet! With a brand new name, new logo, new UI, new roadmap,  #HaloWallet is ready to innovate the next stage of #Web3 social #crypto wallet! Learn more️https://t.co/GoYVvKdYoi — Halo Wallet (@HaloDotSocial) April 3, 2023 The rebranding exercise aims to expand Halo Wallet's focus from being a Web3 wallet to a broader SocialFi ecosystem. The wallet seeks to integrate a variety of on-chain and off-chain social media protocols, such as Lens and Twitter,...

Developers have barely scratched the surface when it comes to the potential of blockchain — here’s how to ramp up progress. Blockchain development has come a long way since the introduction of Bitcoin (BTC), the leading cryptocurrency and the first successful application of blockchain technology. The introduction of smart contracts by the Ethereum blockchain gave birth to potential use cases for blockchain both within and beyond the finance world. Thanks to the fast, immutable and decentralized nature of blockchain, independent developers and industry giants from all sectors flocked to understand the dynamics of this new technology by creating myriad decentralized applications (DApps). Over the years, blockchain-based apps and services have paved the way for disruption in many sectors, with examples like instant cross-border payments, digital identity, play-to-earn games, nonfungible tokens (NFTs) and even supply chain management systems. The developer ecosystem saw an uptick with the...

According to crypto analytics firm Arkham, at least $4 million of these losses were "preventable losses." The liquidators of Alameda Research have reportedly incurred at least $11.5 million in losses since taking control of Alameda's trading accounts. On Jan. 16, a Twitter thread from Arkham Intelligence reported that one wallet under the control of liquidator s has seen a string of "significant losses " due to liquidations, some of which were "preventable losses ." Over the past two weeks being under Liquidator control, the account incurred significant losses: Largest single liquidation: $4.85M Total liquidated amount: $11.5M Preventable losses: $4M+ — Arkham (@ArkhamIntel) January 16, 2023 As one example, Arkham noted that the account ending 0x997 initially had a short position of 9,000 Ether (ETH) ($10.8 million) against the collateral of $20 million in USD Coin (USDC) and $4 million in Dai (DAI), with a net balance of $15.2 million when the li...

NFT project executive Alex Altgausen said that if NFT projects are trying to disrupt traditional industries, they should explore storage technologies available in Web3. The image-hosting aspect of nonfungible tokens (NFTs) needs major improvements. First, people saw NFTs on FTX breaking after it declared bankruptcy. More recently, NFTs on the marketplace Magic Eden showed some questionable images instead of their actual thumbnails.  As the problem continues to persist, Cointelegraph reached out to various industry executives to get their thoughts on how NFT projects can solve the NFT hosting issue. NFT marketplace Magic Eden showing pornographic images. Source: Twitter From using dependable blockchains to exploring the storage technologies available in the Web3 space, various executives working in the NFT industry gave their thoughts on how to avoid future problems in NFT image hosting.  Samuel Huber, the CEO of the metaverse platform LandVault, noted that the issue with FTX NFTs is...