DeFI News by Thebittimes.Com

Freename, a multi-chain Web3 namespace platform, has teamed up with Etherlink, a Layer-2 (L2) blockchain, to introduce the new top-level domain (TLD) ‘.etherlink,’ as outlined in the latest report shared with Finbold on Thursday, January 16.  The collaboration is expected to strengthen blockchain domain adoption and simplify Web3 identity creation and digital asset management. As a way to celebrate the launch, Etherlink users can get a free domain for three months, redeemable through the platform’s reseller page.  Picks for you ChatGPT says Ethereum price will hit this target in 2025 15 hours ago Crypto AI agents market cap rises 220% in Q4 2024, hits $15.4 billion 16 hours ago ...

Over the past seven days, $726 million has been withdrawn from digital asset investment products, marking one of the largest outflows in 2023. Anticipation of potential interest rate cuts by the US Federal Reserve largely influenced this shift. At the same time, the TON Blockchain has demonstrated resilience amid challenging market conditions, continuing to draw users from the Solana (SOL) ecosystem. TON’s accessible platform and innovative Features have attracted Solana users seeking new opportunities. Meanwhile, tokens within the Base network also rallied. This article curates the most trending cryptocurrencies on Polygon. Most Trending Cryptocurrencies on Polygon Karmaverse is a high-quality GameFi metaverse that aims to integrate both Play-for-Fun and Play-to-Earn aspects to create a balanced and sustainable gaming environment. Nodewaves, a Web3 platform focused on health and wellness, was developed by experts in the blockchain and healthcare industries.  MANTRA, a L...

Explore the thrilling universe of new Web3 games set to revolutionize the gaming landscape in 2024. With many analysts forecasting 2024 to be a landmark year for the blockchain gaming industry, an exciting wave of web3 gaming titles that have been eagerly awaited and previously announced are gearing up for their official launch, fueled by an increasingly positive sentiment pervading the broader Web3 space.  These games promise heightened player enjoyment and an immersive experience underpinned by transparency, security, and the potential for real-world earnings, all thanks to the power of blockchain. With that in mind, let’s start the year with a list of existing and upcoming Web3 games that players and investors might want to monitor in 2024. Top 7 Web3 games to watch for in 2024 Shrapnel In 2021, Neon, one of the leading Web3 gaming companies, successfully raised over $10.5 million to fuel the creation of what looks set to be one of the most popular Web3 games , Shr...

Web3 brings the next evolutionary stage of social media, promising a decentralized approach to overcome challenges related to privacy, ownership, and equitable monetization. The next iteration of the internet, Web3, is proposing a new infrastructure based on blockchain technology to build a democratic global social media ecosystem that caters to all stakeholders. Web3 adepts hope that the widespread adoption of blockchain technology will solve some of the major challenges that have plagued social media, including monopoly, privacy issues, poor monetization practices for creators, fake news, and the overall lack of control for users. While there are already great Web3 social media alternatives, they still have some pain points to address in order to ensure mass adoption of de centralized platform s. Web3 social media challenges The integration of Web3 systems into social media has a promising future, but there are several challenges that need to be addressed first. Here are a few of...

Blockchain companies are building AI chatbots to help developers, yet challenges may hamper adoption. The artificial intelligence (AI) market is becoming one of the fastest-growing industries in the world. According to market research firm Next Move Strategy Consulting, the current AI market is valued at nearly $100 billion and is projected to grow exponentially.  Given this, it comes as no surprise that chatbots using AI are also on the rise. Recent findings from Precedence Research show that the global chatbot market size reached $840 million in 2022. AI chatbots for Web3 developers in the works As opportunities around AI and chatbots flourish within various industries, the Web3 sector has also started to capitalize on this trend, with blockchain companies creating AI chatbots to help developers build applications faster and more efficiently.  Aanchal Malhotra, head of RippleX Research — an organization within Ripple focused on the development and growth of the XRP Ledger — told Coi...

A digital wallet system is reshaping the financial landscape by targeting non-tech-savvy users to make Web3 easy for everyone. It can be challenging for newcomers to explore the crypto and Web3 world, and the gap between traditional finance and crypto makes matters worse. This wallet management solution addresses these challenges by simplifying crypto interactions. Web3 can empower communities and individuals through the utilization of blockchain infrastructures and trustless systems. However, this emerging ecosystem presents many challenges due to its complex nature and the division between the Web3 space and traditional financial systems. Key challenges to crypto adoption The decentralization and processes associated with digital currencies can be less familiar to those accustomed to traditional banking, with its concepts and onboarding steps often posing adoption hurdles. This challenge is heightened by the disjointed infrastructure between bank accounts and crypto wallets, resulti...

Sui joins the growing ranks of Web3 firms looking to onboard users who are all too often “irretrievably lost" at the doorstep of Web3. Layer-one blockchain Sui Network has taken a step towards simplifying Web3 onboarding, allowing users to sign up for Sui-powered apps without having to manage an external crypto wallet or seed phrase.  In a Sept. 13 press release the Sui Foundation shared that users would be able to login into decentralized applications (DApps) by using Google, Facebook, and Twitch login details via a new zkLogin (Zero Knowledge login ) feature. Instead of dealing with pesky Web3 wallets, users can log in the same way they’re used to on other areas of the internet. “By enabling users to access dApps with the social logins they have grown comfortable using, zkLogin removes a major hurdle for bringing the benefits of blockchain-based applications to billions of mainstream users,” said Sui Foundation managing director, Greg Siourounis. Onboarding has long been a p...

In a saturated Web3 game market, a new model suggests industry players must go beyond tokenizing Web2 elements. In a crowded Web3 gaming market vying for adoption, a fresh approach suggests that industry players must surpass mere tokenization of Web2 elements. The joy of playing video games began in the 1950s on large, analog computers. Since then, video games have become more accessible than ever before. German online platform Statistia, which specializes in data collection and visualization, reports that 27% of survey respondents in the United States spend 1 to 5 hours a week playing games, while 11% spend 11 to 15 hours. While critics are quick to point out how much time people waste playing games, gaming has many cognitive benefits in moderation, according to the Economic Times. These benefits are hard to quantify when gamers don’t truly own their progress or have anything tangible to show for their efforts. These games typically exist on centralized platforms, where one party, t...

The world of marketing undergoes a transformative shift as Web3 emerges, bringing decentralized ecosystems and community-driven strategies to the forefront. My journey into Web3 marketing officially began when I joined ConsenSys as chief marketing officer in 2016, where I built the first Web3 marketing team and helped bring Ethereum as well as the ConsenSys brand and many early Ethereum-based tools and applications to market. During my time at ConsenSys, our marketing team played a pivotal role in shaping the narrative around blockchain and crypto adoption globally, engaging enterprises, governments, developers and end users. I then founded Serotonin — a Web3 native marketing and product studio — to multiply the impact of the Web3 marketing best practices we had developed by expanding beyond the ConsenSys ecosystem. I recently had the chance to be a part of Cointelegraph’s Accelerator program as a mentor on Web3 marketing. My goal in speaking with the startups in the accelerator, as w...

Paris Blockchain Week founder Michael Amar believes large Web2 companies entering the Web3 space bring resources capable of increasing mass adoption. Paris Blockchain Week (PBW), an annual gathering of professionals within the blockchain industry, has kicked off its fourth edition, with industry leaders and entrepreneurs from across the world gathering to discuss the latest trends and developments impacting the digital asset space. In an exclusive interview with Cointelegraph, Michael Amar, the founder and chairman of Paris Blockchain Week, shared that the original vision for the Conference was to put Europe on the map, as it was previously “nowhere on the map for blockchain.” Cointelegraph's Joe Hall with Michael Amar. Founded in 2019, PBW was created with the vision of bringing together professionals within the industry to advance blockchain awareness and adoption. According to Amar, the aim of the conference was to progress the industry as a whole, addressing topics like regu...