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Metacade presale investment rockets past $5 million as GameFi investors hurry to buy remaining MCADE tokens

London, United Kingdom, 2nd February, 2023, Chainwire

The Metacade presale is selling out fast with stage 3 coming to a close after just 12 days. The presale of the play-to-earn (P2E) metaverse arcade saw its previous rounds sell out within 4 weeks, raising $2.7 million but this has been dwarfed in comparison to the third stage selling out at lightning speed and bringing the project to raise past $5 million in just several days.

Metacade is set to deliver the ultimate blockchain gaming experience, merging the worlds of gaming and crypto in a seamless and exciting way. Development of the P2E arcade is well underway and platform designs have already been shared with the ever-growing Metacade community on the arcade’s Twitter page.

157.5 million tokens will be available in stage 4 where investors may purchase tokens before the next presale round, which will see the token price increase to $0.016.

Russell Bennett, Head of Product for Metacade, said: “Investor confidence in the project is high and token demand is continuing to increase. We know that the Metacade project has solid fundamentals, a strong team, and the power to make waves in the GameFi industry – it’s clear that crypto and GameFi investors have caught onto this too.”

With incredible momentum already behind the Metacade project, it will not be long before the presale tokens sell out and MCADE is released on exchanges. The token will be listed on both centralized and decentralized exchanges, giving the public a variety of ways to purchase the token.

MCADE will be listed Bitmart, a leading global cryptocurrency exchange ranked 21st in the CoinMarketCap exchange rankings, followed by a top 10 exchange listing that is soon to be revealed. Amongst the DeFI exchanges, investors will be able to find MCADE on Uniswap, amongst other well-known and trusted token exchanges.

With its play-to-earn arcade built on the Ethereum blockchain, Metacade is primed to be the go-to place for gamers and crypto enthusiasts. The platform boasts innovative and essential features such as leaderboards, trending games, GameFi alpha, and more that will set it apart from other blockchain gaming platforms.

Play-to-earn is at the heart of the platform but gaming isn’t the only string to Metacade’s bow. The platform is going above and beyond to support the gaming community by launching a jobs board and Metagrants initiative to attract the best game developers to build their games on the platform. It will be a place to earn, learn, and connect like never before.

The Metacade is powered by the MCADE token, which will be essential for any transactions on the platform. MCADE will be used to reward players for their efforts across the platform, from gaming and tournament participation to sharing gaming alpha and writing GameFi reviews. MCADE holders can also top up their income by staking their tokens to support the arcade’s network.

The P2E GameFi platform received the ultimate seal of approval from the prestigious blockchain auditing firm Certik. That places Metacade among the ranks of Polygon, ApeCoin, and BNB Chain as a trusted player in the world of crypto. With Certik’s cutting-edge technology, it thoroughly analyzed and evaluated every aspect of Metacade’s specifications and code. It also performed a full KYC on the Metacade team to confirm their authenticity and bring even more transparency to the project. The full audit results are available on the Certik website.

About Metacade

Metacade is the premier destination for gaming in the metaverse. As Web3’s first community arcade that allows gamers to hang out, share gaming knowledge and play exclusive P2E games. The platform offers users multiple ways to generate income, build careers in Web3, and connect with the wider gaming community.

Metacade will be the one-stop destination for users to play, earn, and network with other passionate gamers worldwide. Once the project reaches the end of its roadmap, Metacade will be handed over to the community as a full-fledged DAO. After all, Metacade wants users to have a hand in shaping the GameFi world of tomorrow.

For more information, visit:

Website | Whitepaper | Socials

Contact

Head of Product
Russell Bennett
Metacade
pr@metacade.co

February 2, 2023
Toyota Sponsors Astar Network, Looks to Explore Blockchain Use Cases
Key highlights:
- Japan’s largest company Toyota seeks to delve deeper into blockchain by providing support for its first-ever Web3 Hackathon
- Toyota dashes into Web3 in its bid to improve the operations of the company
- Interested participants have until February 14th, to sign up for the Web3 hackathon, with a whopping reward of up to $100,000 awaiting winners
Renowned multinational vehicle company Toyota is making big moves dabbling into blockchain to explore its use cases. The automotive giant said it would sponsor Astar Network‘s Web3 hackathon planned for decentralized autonomous organization (DAO) developers, according to a recent announcement.

Apparently, its decision to delve into Web3 explains that the company will be leveraging the blockchain use cases to improve its efficiency.

Toyota to Improve Company’s Operations Via Web3

Toyota’s latest move marks its first-ever Web3 Hackathon. Hence, it has chosen Astar Network, a multichain smart contract platform, to make Web3 use cases for its 330,000+ global employees.

Following the auto giant’s vision to improve the operational activities of the company, it appears that it is taking its first and necessary step with the Web3 hackathon. As such, Toyota, in collaboration with Astar Network, will be inviting developers from different parts of the world to form a decentralized autonomous organization. This DAO will be capable of building blockchain solutions where anyone can create teams, issue governance tokens, and vote without the need to be well-versed in the Web3 ecosystem.

The move reflects Toyota and Astar’s concern to lessen the massive workload induced from business decision-making and team management tasks on managers worldwide. In a bid to remediate the complications, the companies have come to a conclusion to deploy a mechanism capable of managing projects as a DAO where the decision-making is distributed among participants. As such, they have tagged the hackathon with the theme – “Developing a DAO Support Tool for Companies.”

While the move showcases positive chances of serving its basic purpose of reducing the managers’ workload, it is interesting to note that it will also help team members have a greater impact on the growth of their company.

Thus, Astar’s network appointment to host the web3 hackathon will see it providing a suitable environment for the developers who will make up the DAO. Also, the Astar network has been tasked with the responsibility of providing support for product development.

The Founder of Astar Network, Sota Watanabe, expressed the company’s delight to collaborate with Toyota while acknowledging that it is the largest company in Japan and one of the world’s leading international companies.

Watanabe said:

“We are very excited to be hosting the Web3 Hackathon on Astar with Toyota. During the event, we aim to develop the first Proof-of-Concept DAO tool for Toyota’s employees. If a good tool is produced, Toyota employees will interact daily with Astar Network. Sometime in the future, I think we will see blockchain integrations in cars. Today, we are still in the exploratory stage, but very excited about the various possibilities.”

Toyota to Reward Winning Projects With $100,000

Furthermore, the proposed Web3 hackathon will receive funding support of up to $75,000 and $25,000 from Astar Foundation and Web3 Foundation, respectively. Astar will be offering the funds in the form of an ASTR token. The announcement further noted that Toyota, Astar Foundation, Web3 Foundation, Alchemy, and HAKUHODO KEY3 would come together to select the best projects they dim as winners and reward them with the proceeds from the funding.

Per the announcement, registrations for the Web3 hackathon have commenced already and individuals, as well as teams of up to four developers, have been given until Tuesday, 14th of February to sign up for the Web3 Hackathon. Toyota has scheduled the kickoff event to commence on February 25th, and they have been mandated to be in attendance. Afterward, they can build their products until March 18th.
February 2, 2023
New Match-Trader White Label Package by B2Broker Offers Comprehensive Trading Solution for Brokerage Businesses

As a result of the growing complexity and multifaceted features of electronic trading in the financial markets, it has developed into a system composed of different interconnected elements that contribute to the development of this direction. The brokerage industry is rapidly growing, and a number of companies are looking for opportunities to establish themselves in both traditional finance and cryptocurrency markets and offer their clients a universal and convenient solution for trading various financial instruments. Therefore, many of the businesses fail because of a number of factors that serve as stumbling blocks on the way to developing a successful company. This problem is designed to solve a business model called “White Label”.

White Label was created to respond to the difficulty many brokerage companies face creating their own products from scratch, which can sometimes prove to be extremely challenging. It was designed to provide a more comfortable environment for their clients to work with financial instruments, their analysis, and analytics, bringing together several effective trading solutions in a single place. In recent years, this business model has become a real salvation for companies that are not prepared or not yet able to invest a great deal of resources to launch their own business, but are able to acquire valuable market experience via a turnkey solution, saving them significantly of both money and time.

The White Label model provides an opportunity to integrate several systems (products) to bring together the best developments and solutions from both companies that have common interests and strive to offer the best experience for their clients in trading on financial markets.

Several new companies have been formed as a result of the development of the White Label concept, providing this solution in many aspects of trading, including trading platforms, terminals, and investment portfolio management systems. It is worth noting, however, that many long-term market players have added this technology to their arsenal of products and services to offer their customers. B2Broker is one example of such companies.

About B2Broker

As a global provider of innovative technological solutions and liquidity for Forex, CFD, and Crypto markets, B2Broker provides a comprehensive range of trading-related products and services, including flexible tariffs and affordable pricing in comparison to competitors, one of the most important factors when selecting a partner to work with.

An experienced team of IT professionals from the Forex and cryptocurrency industry founded the company in order to create quality solutions for brokerage firms and exchanges throughout the world. Individual investors as well as large brokers and hedge funds are among the clients of the company.

The company is known for its expertise in the development of turnkey crypto/Forex brokers, trading platforms, crypto processing, liquidity, and much more, as well as offering White Label solutions.

While Label Solution by B2Broker based on Match-Trader Integration

B2Broker’s new white label Match-Trader solution is designed to give brokers and their end customers a fully comprehensive Match-Trader offering. The package combines all essential technology into one cost-saving platform that includes B2BinPay (cryptocurrency payment processing), B2Core (CRM system) tools, as well as access to the exclusive Prime of Prime liquidity pool from B2Broker. All these features guarantee the new Match-Trader White Label Package will be received with open arms by interested businesses.

The Match-Trader white label makes online trading a breeze for your clients with its comprehensive selection of services. As a broker, you can rely on the 24/7 server support and technical assistance alongside your personal account manager for any inquiries you have about brokerage operations. B2Broker also offers a training program as part of its package to ensure that everyone in the team is familiarized with using the software.

Match-Trader White Label is the ideal choice for organizations searching for competitive trading commissions and reasonable volume fees. Moreover, there’s also zero setup charge! All that’s required to get started is a minimum liquidity fee that covers three months – plus, clients get an entirely free month after setup in terms of monthly minimum liquidity and connectivity fees.

Match-Trader x B2Core integration

The B2Broker’s white label offering is complemented by the ready integration of Match-Trader with B2Core. Match-Trader works similarly to other platforms in the B2Core ecosystem. Thus, brokers can provide clients with the same high level of service through immediate account opening/management and the ability to connect to the platform instantly.

For those users who wish to start margin trading with Match-Trader through B2Core, the process is quite simple. Get started by creating a user account that will act as the bridge between all your trading accounts. Afterward, just connect the margin trading account with Match-Trader, and you’re set!

The Platforms tab of B2Core now offers the incredible Match-Trader section with a host of features and abilities. From there, traders can set up demo accounts to practice trades in real time. On top of that, deposits, withdrawals, transfers, and internal transfers are handled through the platform itself. There’s even a download button for the dedicated Match-Trader terminal so traders can get going quickly.

Conclusion

B2Broker’s integration with Match-Trader presents an unparalleled prospect for brokers searching to offer their customers a full-feature online trading platform. Brimming with powerful tools and capabilities, this package offers a comprehensive solution for any business looking to reap the rewards of cutting-edge technology.

Soon, Match-Trader will be incorporated into IB’s programming, offering a variety of new potentials. By connecting with IB, Match-Trader can supply brokers with a wide array of high-quality services, no matter how big or small their business may be.

Additionally, in the near future, Match-Trader will be totally integrated with B2Core Mobile, making it possible for brokers to provide their clients with a single application containing all of the best components.

February 2, 2023
Peer Acquires Elite Team of Engineers Behind Zenly’s Popular 3D Maps

Seattle, Washington, 1st February, 2023, Chainwire

Peer today announced the hiring of a specialist team of engineers from Zenly to develop its AI-powered 3D maps. The team, known in tech circles by its codename “Wonka,” developed Zenly’s innovative 3D social maps platform that grew to more than 160 million downloads worldwide and 35 million daily active users in 2022.

“Zenly users adored its polished and delightful features,” explained Tony Tran, Founder & CEO of Peer Inc. “We’re huge fans as well, and we look forward to working with the Wonka team to recreate that magic and take it to the next level.”

With this acquisition, the company will be able to fast-track the development of its gamified social network, “Peer.” The highly anticipated app will be available on both iOS and Android in Q2 2023.

“We have an aggressive roadmap to deliver the features that Zenly users loved in an all-new platform they will rave about” said Milan Bulat, Wonka’s former lead engineer and now Peer’s Head of Maps. “Peer will completely transform the way people experience their world.”

Peer is revolutionizing social networking by integrating AI, AR, and blockchain technology into a unique, planet-scale 3D map that delivers a game-like, immersive social experience. Core to the app is the ability for users to construct their personal “places graph,” a map of people, places, and memories, making it easy for day-to-day navigation, revisiting memories in real-world locations, and discovering new worlds shared by others.

“Our 3D maps sit at the intersection of the digital and physical worlds, enabling users to access both simultaneously,” said Tran. “We see it as a globally connected experience. This is an opportunity to create an exciting new world and bring back the emotional connection and sense of belonging that has been stripped from today’s social networks.”

Peer has launched peerclub.com to allow former Zenly users and early adopters to secure their usernames for the upcoming app launch. By doing so, they will also gain early access to exclusive rewards, secret moves, unlocks, and other engaging gamified features.

To learn more about Peer Inc. and Peer’s ecosystem, visit peer.inc.

About Peer Inc.
Peer Inc. is a social media company focused on building the social network of the future. The company is developing a range of innovative products that combine cutting-edge technologies like blockchain, augmented reality, artificial intelligence and computer vision to allow people to see, share and interact in exciting new ways. To learn more, please visit peer.inc and follow Peer Inc. on Twitter @peerglobal.

Contact

Jonathan Ghent
Peer Inc.
jon@peer.inc

February 1, 2023
Dexalot Brings CEX Interface to DeFi With the Launch of Its Subnet on Avalanche
Key highlights:
- Dexalot has launched Subnet on Avalanche, bringing a familiar CEX interface and order book to the world of DeFi
- The dual-chain application will enable users to trade slippage-free with full custody over their assets
- Users who trade on the Dexalot DEX will receive a share of the incentive reward of close to $1.7 million
Dexalot is a hybrid DeFi protocol serving on Avalanche that brings the traditional centralized cryptocurrency exchange interface to a decentralized and on-chain platform. The project, which implemented Dexalot Subnet, an Avalanche Subnet, spent months developing an efficient and low transaction fee on-chain central limit order book (CLOB) on the Avalanche Fuji testnet.

Having a dual-chain application, Dexalot uses Avalanche C-Chain to deposit and withdraw assets and Dexalot Subnet to process transactions. Communication between Mainnet and Subnet is provided via high-level inter-chain communication protocols. In this way, users’ level of control over their funds increases, while the slippage in the trading application decreases.

The dev team is building a good foundation for this uniquely designed DeFi protocol to be adopted in the mainstream. The innovative Subnet implementation can be used as a foundation for multiple ecosystems to be developed on and around Dexalot.

Traders Will Be Rewarded

Dexalot also announced that it had launched a new incentive program right after launching its Subnet. According to the Dexalot Incentive Program (DIP), a total of 4.8 million ALOT token s will be distributed in the coming months. At today’s price, the total amount of the prize is approximately $1,670 million. Users who want to get a share of the prize simply deposit ALOT, AVAX, BTC, ETH, USDC, USDT, and other supported cryptos in their wallet and start trading on Dexalot.

Prior to the Subnet launch, Dexalot ran two campaigns, #Trade2theSubnet and #Stake2theSubnet, to grow, strengthen participation and educate the delegate and validator community.

“By utilizing both the host chain and exchange chain, we have optimized Dexalot for speed, safety and above all, experience,” said Co-Founder and CTO Cengiz Dincoglu and added:

“We are looking forward to introducing DeFi traders to the Subnet on the Avalanche network, and to further differentiating our platform from other centralized and decentralized exchanges in the market.”

Dexalot has brought the CEX interface and look that users are used to, to the decentralized on-chain application. Aiming to increase decentralized finance (DeFi) adoption with this hybrid design, Dexalot also used Avalanche-powered Central Limit Order Book, enabling users to trade tokens securely, cheaply and efficiently without facing custody and slippage risks.
February 1, 2023
Venom Ventures Fund Commits a $5 Million Strategic Investment in the Everscale Blockchain

Abu Dhabi, Abu Dhabi, 31st January, 2023, Chainwire

Venom Ventures Fund, a Web3 and blockchain innovation fund managed by Abu Dhabi-based investment fund manager Iceberg Capital Limited, has announced a strategic partnership with Everscale, a premier blockchain that aims to solve the scalability issues bogging down the Web3 industry.

Venom Ventures Fund has committed a $5 million investment in Everscale to help it further expand its development teams and boost the number of projects. The investment will be in stages, based on the progress and cooperation indicators.

Everscale has been diligently working on expanding its reach and integrating its technology solutions in Asian countries over the past two years, while also building a strong community. Its dynamic sharding technology enables it to efficiently adapt to varying workloads, thus making it an easy and practical option for creating large-scale Web3 and other types of applications.

The Venom Ventures Fund was launched by Iceberg Capital Limited in partnership with Venom Foundation, the first officially licensed and regulated Layer-1 blockchain operating within the Abu Dhabi Global Market (ADGM).

Venom Ventures Fund Chairman Peter Knez, ex-CIO of BlackRock, said, “For us, this is a strategic investment aimed at the technological development of projects and teams around technologies that we focus on and actively develop. In particular, we are talking about the Venom blockchain project and its ecosystem, which is planned to be launched soon and for which Everscale is a potential Layer 2 solution.”

Venom and Everscale teams will be working together on the further development of the core and the ecosystem bringing the adoption of blockchain closer to real business use cases. Current initiatives such as digital asset tokenization platforms, a full framework for CBDCs and stablecoins and payment solutions with crypto to fiat gateways are already making good headway.

Commenting on the investment, Everscale Foundation Board Member Moon Young Lee said, “This is a milestone for both the Everscale and Venom networks. The technological capabilities of Everscale are immense but they have been underappreciated by a wider audience. Now, Everscale will be able to operate as an experimental network where updates and complex technical solutions can be introduced before they are brought to Venom. This investment will allow Everscale to gain the recognition that it deserves.”

Designed as a network of blockchains, Venom has no limit to the number of other auxiliary networks at the Layer 2 level and no limit to the economy type or operation at the Layer 2. This particular architecture means that mass adoption is now achievable on the Venom blockchain.

About Everscale

Powered by an infinite sharding mechanism, the Everscale network adapts to any workload it is tasked with, without the size of the load affecting transaction times or processing fees. This makes it the ideal blockchain for hosting high-scale web3 and other load-intensive projects. Over the past two years, Everscale has emerged as one of the leading blockchains in Asia, with a thriving community and robust ecosystem of DeFi platforms.

More About the Everscale network:

Website | Twitter | Whitepaper | Github | Telegram Ann | Telegram | Discord

About Iceberg Capital

ICEBERG Capital Limited is regulated by FSRA as a Prudential Category 3C investment manager based in ADGM. ICEBERG capital is a fast-growing alternative asset management company that provides diversified investment management platforms that includes direct and private equity, venture capital, technology, and virtual assets. ICEBERG capital also offers traditional asset management services such as investment portfolios as well as specialized platforms for securities, and blockchain technology.

For media inquiries, please contact: Abdullah Al Weshah, abdullah@icebergcapital.ae

For more information about Iceberg Capital, visit: Website | LinkedIn

About Venom Foundation

Venom is the world’s first regulated blockchain. The decentralized network operates under the jurisdiction of the ADGM, with a license to issue utility tokens. The ADGM is an oasis for investors and financial services firms, positioning Venom as the world’s first compliant blockchain, affording authorities and enterprises the freedom to build, innovate, and scale.

A portfolio of in-house dApps and protocols has been developed on the Venom blockchain by various companies. It now harbors the potential to become a bridge for the adoption of CBDCs in the Middle East, North Africa, and worldwide.

For media inquiries, please contact: Adam Newton, pr@venom.ventures

For more information about Venom Ventures, visit: Website | Twitter

For more information about Venom Foundation, visit: Website | Twitter

Contact

Adam Newton
pr@venom.ventures

January 31, 2023
Biswap DEX Unveils Improved AMM as Part of Its Ambitious 2023 Roadmap

New York, United States, 31st January, 2023, Chainwire

BNB Chain decentralized exchange Biswap has published its 2023 roadmap which includes a number of proposed improvements and upgrades. It includes details of a new AMM, route optimization, and perpetual trading.

Take a look at the main Biswap benefits: https://biswap.org/.

A new AMM protocol with concentrated liquidity will allow Liquidity Providers to accumulate their capital to smaller price intervals than from 0 to infinity, increasing capital use efficiency and providing users with more profitable exchange conditions with less slippage.

Improved routing to find the best trading pairs will allow users to execute larger transactions with less slippage and increase capital efficiency, as well as receive greater rewards from trading fees for Liquidity Providers.

To reduce pressure on the price of the native Biswap token and provide opportunities for more earnings for long-term BSW token holders, the Biswap team has developed several initiatives. In the future, they will be explained and put forward to BSW holders for voting.

Evolving market trends have also prompted the Biswap team to implement decentralized futures trading (with an on-chain order book on the BNB network). To implement this idea in a safe manner, the team has decided to connect a ready-made solution from ApolloX at this stage of product development.

As part of the Biswap ecosystem expansion, there are plans to create a widget that will increase trading with Biswap Liquidity and make it more convenient for users to exchange tokens. This will be available for implementation on third-party products.

Biswap’s progressive DEX on BNB Chain features a Multi-type Referral Program and low trading fees of 0.1%. The platform provides various services with cryptocurrencies, such as Exchange, Farming, and Staking. Moreover, the project has its native BEP-20 token, BSW, which allows users to join the most popular features on the platform. The primary BSW function is to incentivize liquidity provision to the Biswap platform.

High LP rewards allow Liquidity Providers to get 0.15% back from token swap transactions. Also, Liquidity Providers can stake LP tokens on farms to earn BSW tokens with competitive APYs. Up to 50% trade fee reimbursement returns users the transaction fee when they exchange tokens. The system automatically gives back the fee in the form of BSW tokens. Explore Biswap NOW

About Biswap
Biswap is the progressive DEX platform on the BNB Chain network with a Multi-type Referral Program and the lowest trade fee of 0.1%. The platform provides various services with cryptocurrencies, such as Exchange, Farming, Staking and others.

Contact

Marketing Biswap
Biswap
marketing@biswap.org

January 31, 2023
Datamall Chain Foundation Announces Strategic Partnership with AlephCrypto.xyz

Singapore, Singapore, 31st January, 2023, Chainwire

Datamall Chain (DMC) DMC Foundation announced today that it has formed a strategic partnership with AlephCrypto.xyz. DMC Foundation and AlephCrypto.xyz will cooperate in many aspects, including blockchain technology development and distributed storage. Both parties will cooperate and support the development of quality projects in the blockchain industry, the Ethereum community, the DMC ecology, and the DMC community. The cooperation will accelerate innovation in the blockchain industry overall and significantly enhance the progress of Web3 technology worldwide.

“We’re very excited to have AlephCrypto.xyz as a strategic partner,” said Victor Chen, DMC Foundation Chair. “Both DMC Foundation and Aleph Crypto are firm believers in the potential and promise of Web3. Having Aleph Crypto as a strategic partner adds significant technical credibility and momentum to the DMC ecosystem.”

“It is our great honor to be one of the very first DMC Foundation strategic partners,” said Zainan Zhou, co-initiator of AlephCrypto.xyz and one of the key contributors of Ethereum open standard procedure Ethereum Improvement Proposals such as authoring the ERC-1202 Voting Standard. AlephCrypto.xyz also features a network of renowned technical advisors from the Ethereum developer community such as NFT (ERC-721) first author William Entriken to provide technical advisory and open standard review for its partners from an Ethereum compatibility point of view. “In order for Web3 to be successful, decentralized storage needs a highly efficient and fully decentralized marketplace. When we saw DMC’s technical architecture, we were super excited about the potential that it provides a much better solution for decentralized users than many of the existing options. We can’t wait to provide as much help and support as we can to DMC Foundation’s vision for Web3 and the blockchain industry, and we look forward to our ongoing collaboration.”

About DMC Foundation

DMC Foundation was founded in Singapore in 2020. With the technical R&D team from Silicon Valley, DMC Foundation has developed Datamall Chain (DMC), an open-source public blockchain. Datamall Chain is based on the Cyber File System (CYFS), an open-source, next-generation protocol that enables development of completely decentralized applications.

Datamall Chain is a decentralized storage marketplace that provides users with secure, efficient, and authenticated decentralized storage services. DMC aims to promote the development of next-generation Internet infrastructure and blockchain technology, focusing on building the underlying storage architecture in Web3. DMC adopts a unique Proof of Storage Service (PoSS) consensus mechanism to incentivize nodes to improve their own storage capacity and ensure DMC is a high-performance public chain.

The DMC ecosystem consists of three layers: the storage transaction layer, which matches decentralized storage supply with decentralized storage demand; the storage service layer, which helps enforce storage deals; and the storage application layer, which consists of applications that use decentralized storage. One of the first applications on DMC is Foggie, the world’s first all-in-one Web3 virtual appliance from Fog Works. With Foggie, users can obtain additional storage capacity via DMC, or they can share idle storage on DMC capacity and earn crypto rewards.

For more details, please visit the DMC official Twitter and DMC official website.

Twitter | Discord | Website

About AlephCrypto.xyz

Aleph Crypto is a series of initiatives rooted in Silicon Valley. It is initiated by Zainan Zhou (author of ERC-1202 Voting Standard) and co-founded by several seasoned investors and entrepreneurs of Web1 and Web2 Internet. AlephCrypto.xyz focuses and services three areas of interest: Blockchain Infrastructure Layer, “Blockchain+” of Traditional Web, and New Applications Exclusively Enabled by Blockchains.

In May 2022, a key contributor to the Ethereum ecosystem, lead author of NFT (ERC-721), William Entriken, also joins AlephCrypto.xyz as its Technical Advisor.

The founders of AlephCrypto.xyz deeply believe Web3 will advance humanity by improving the collaborations of people through communities. AlephCrypto.xyz champions the spirit of community by establishing its own, including Builder Club, Investor Network, and Media Hub, to support and service everyone who is interested in building Web3 in all the ways we can. The Aleph Crypto also features an early-stage investment fund for angel and seed rounds.

Contact

DMC Press Inquiries
DMC Foundation
support@dmctech.io

January 31, 2023
Elon Musk Wants to Turn Twitter into ‘Super App,’ Add Crypto Payments Down the Line
Key takeaways:
- Tech billionaire Elon Musk is reportedly trying to turn Twitter into a “super app” capable of processing payments between users directly on the platform
- Initially, the focus will be on fiat payments, with room for crypto functionality to be added sometime in the future
- Musk’s goal is to generate $1.3 billion in revenue with Twitter payments by 2028
Fiat payments to be added first, crypto at a later point

Social media company Twitter has begun preparations to allow payments on its platform as part of CEO Elon Musk’s plan to create fresh revenue streams for the company, according to a report by Financial Times. The news comes off the heels of a controversial Twitter Blue subscription program that launched in December, which charges users $8 per month for a blue checkmark and edit tweet functionality.

Twitter’s $5 billion per year advertising business has declined since Musk bought the platform for $44 billion in October. To compensate for the significant dip in revenue, Musk wants to offer fintech services such as peer-to-peer transactions, savings accounts, and debit cards.

“Musk’s vision goes far beyond that,” FT noted and added that the Tesla billionaire wants to explore ways to “reward creators directly” and for users to buy items from one another directly on the social media platform.

The proposed functionality will be rolled into what Musk has previously dubbed as Twitter “super app”. To achieve this, Twitter is reportedly applying for regulatory licenses across the US, including registering with the US Treasury in November as a payments processor. In addition, Esther Crawford, Twitter’s director of product management, has been appointed as the CEO of Twitter Payments.

The goal is to bring in $1.3 billion in payments revenues by 2028. The entry into payments will undoubtedly face challenges and competition from established players, and high levels of regulatory scrutiny.

Per Musk, the upcoming payments functionality will focus primarily on fiat, but will leave the option to incorporate crypto payments down the line. The exact timeline is unknown.

After the news, the price of Dogecoin – the meme coin that is widely regarded as Elon Musk’s favorite crypto – jumped over +10%, in stark contrast to the red zone trading most other crypto assets have found themselves in over the last two days.

The price increase can most likely be attributed to investors speculating on whether a crypto payments integration on Twitter will see Dogecoin support. There is clear precedent for that, as Musk’s electric car manufacturer Tesla added support for DOGE payments last year.

Buy/Sell DOGE
January 31, 2023