Archive for Februar, 2023
• EMURGO is partnering with Goodwall to empower the African Gen Z community with blockchain features for educational opportunities.
• The initiative will focus on creating awareness through joint education initiatives and providing curated Web 3.0 skills programs.
• The partnership will enhance transparency and accountability for users through on-chain skills certifications and non-fungible token (NFT) skill badges.
EMURGO Invests in Goodwall’s Network
EMURGO, the official commercial arm and a founding member of the Cardano blockchain, has announced a strategic partnership and investment with Goodwall, a skills-based social network for young talent. This partnership is set to support Goodwall’s core mission of leveling the playing field for the global youth by connecting talented youth to „learning and earning“ opportunities.
Unlocking Blockchain Features for African Youth
The World Economic Forum projects that young Africans are expected to constitute 42% of global youth by 2030, raising concerns about equipping them with the right educational opportunities to succeed in an increasingly evolving knowledge economy. This initiative will be facilitated by EMURGO’s investment and Cardano’s „environmentally-friendly blockchain,“ unlocking features such as micro-financial services, micropayments for work opportunities, Peer to Peer (P2P) transactions, scholarships, and more via Goodwall’s in-app Web 3.0 wallet.
Creating Awareness Through Joint Education Initiatives
The partners are set to focus on creating awareness through joint education initiatives as well as providing curated Web 3.0 skills programs connecting Goodwall’s global talent pool to these services within its app ecosystem. Additionally, they plan to enhance transparency and accountability for users through on-chain skills certifications and non-fungible token (NFT) skill badges that can be used for future on-chain voting initiatives.
Bridging Communities To Exchange Ideas
This collaboration between EMURGO MEA & Goodwall also aims at bridging both communities together in order to exchange ideas, facilitate open discussions & create value from collective efforts; helping build an enduring relationship between Africa’s younger generations & Cardano’s broader community globally while furthering the economic empowerment of Africa’s next generation of innovators & entrepreneurs alike.“
Conclusion
With this new venture into Web 3.0 services facilitated by blockchain technology, EMURGO aims at empowering African youths with access to educational opportunities that could potentially open doors into a more prosperous future via its partnership with Goodwall’s dynamic platform!
• Elon Musk’s tweet sparked the emergence of ChatGPT tokens in abundance.
• Crypto security company PeckShield discovered a wave of pump-and-dump schemes using the popular AI as a cover for scams.
• Following Elon Musk’s suggestion, TruthGPT chatbot was launched on Telegram and its native token, TruthGPT (TruthGPT) has gained popularity.
Elon Musk’s Tweet Sparks Emergence of ChatGPT Tokens
Elon Musk’s tweet on February 17th, 2023, inspired the emergence of ChatGPT tokens in abundance. Crypto security company PeckShield recently announced that there had been a wave of fraudulent pump-and-dump schemes using the popular artificial intelligence as a cover for scams. Two schemes have an unusually high sell tax rate while another two have dropped by 99%. Moreover, PeckShield indicates that one serial crypto scammer is responsible for over ten new smart contracts deployed using honeypot technique.
TruthGPT Launched On Telegram After Elon Musk’s Suggestion
Following Elon ‚Chief Twit‘ Musk’s suggestion, TruthGPT chatbot went live on Telegram two days later with an indie alternative to ChatGPT and quickly gained popularity on Telegram for having a sense of humor. Its native token TruthGPT (TruthGPT) has 728 holders on the Ethereum (ETH) network and is priced at $0.007 with a total market value of $7,707,676 according to Poocoin.app.
PeckShield Discovers Wave Of Pump-And-Dump Schemes
Crypto security company PeckShield recently reported that there had been a wave of fraudulent pump-and-dump schemes using the AI as cover for scams. According to the report, two schemes have an unusually high sell tax rate while another two have dropped by 99%. Moreover, PeckShield indicates that one serial crypto scammer is responsible for over ten new smart contracts deployed using honeypot technique.
Honeypot Techniques Discovered By PeckShield
Deployer 0xb583 has successfully scammed using honeypot techniques by deploying susceptible contracts and baiting victims with money. #PeckShieldAlert tweeted about dozens of newly created #BingChatGTP tokens which turned out to be 3 honeypots and 2 had high sell tax rates out of which 2 already dropped over -99%.
Conclusion
In conclusion it can be seen that following Elon Musk’s tweet about needing „a truth telling robot themed cryptocurrency“, Truth GTP chatbot was created with an objective personality and consequently its native token “Truth GTP” also gained popularity among crypto users due to its sense of humour . However , some malicious activities were also noticed such as creating several fraudulently smart contracts along with honey pot techniques being used by certain criminals to deceive people into investing their money in false promises .
• Airdrop farmers are betting on projects like Arbitrum and StarkWare as Layer-2 scaling solutions.
• StarkWare has already deployed its native token STRK and allocated 9% for those who have tested the network.
• Users should be cautious farming airdrops as multiple scams are trying to fool them.
Airdrop Farmers Betting on Layer-2s
Crypto airdrop farmers have concentrated their efforts around Ethereum Layer-2 scaling projects. According to Nansen, a blockchain research company, airdrop farmers are betting on Arbitrum and StarkWare, two of the most popular Layer-2 projects, to launch their tokens soon.
StarkWare Launches Native Token
StarkWare has seen huge inflows, mostly between $100-$1,000. The project has already deployed its native token STRK and allocated 9% for those who have tested the network. Other Layer-2s like zkSync have also seen an uptick in activity.
Farming Airdrops On Layer-2 Blockchains
Farming airdrops on Layer-2 blockchains is one of the most popular airdrop strategies. Users aim to get rewards from the Layer-2 blockchains and new projects built on top of them. Both Arbitrum and StarkWare have a variety of protocols in testnet and already functioning that have yet to launch their tokens.
Arbitrum May Not Launch Its Own Token
On the Flipside Arbitrum might never launch its own token and still function just as well as it does now. However, some speculate that Layer- 2 protocols are waiting for the bull market to return to launch their tokens.
Be Cautious With Airdrops Farming
Users should be extremely cautious farming airdrops as multiple scams are trying to fool them.
• The Sandbox (SAND) token has surged 221% since the start of the year, with a scheduled token unlock on Valentine’s Day.
• An analysis of the fear and greed index indicates that markets are greedier than last year.
• The Sandbox will be releasing 12% of its total token supply on February 14th, however experts suggest there could be a similar underperformance for SAND as there was in August.
The Rise of SAND
The Sandbox token, SAND, has seen an impressive 221% increase since the start of 2021 according to CoinMarketCap data. This surge is likely linked to anticipation for the scheduled token unlock on Valentine’s Day, where The Sandbox will release 12% of its total token supply among investors, advisors and team members.
Fear and Greed Index Analysis
The fear and greed index has indicated markets are greedier than last year, despite The Sandbox’s consistent partnerships and developments in Web3 space. At press time, SAND is reportedly 32% down since the last token unlock event in August 2020 according to CoinMarketCap data; however it gained 30% in 24 hours following a landmark partnership deal with the Saudi Government.
Bearish Valentine?
Historically, such events can bring about heavy sell pressure from investors due to an increase in circulating supply – enabling them to lock in profits. It falls upon project teams such as The Sandbox to counteract this negative impact by announcing positive news that could improve investor confidence.
Previous Token Unlock Event
CoinMarketCap data showed that nearly 75% of all significant traders were sell orders on the day after The Sandbox’s prior token unlock event in August 2020 – indicating investors looked to capitulate out of SAND tokens at that time. As such, experts anticipate similar underperformance for this upcoming event given a similar level of token allocation being released compared to before.
Conclusion
Although The Sandbox has made some impressive collaborations and contributions within Web3 space so far this year, it remains unclear how well its primary utility token SAND will perform following Tuesday’s scheduled unlock event compared to when it reached its all-time high back in February 2020 ($8.44). Investors should remain aware of bearish tendencies associated with such unlocks while also taking into account external factors that may positively or negatively affect price performance around these events moving forward
• Damus, a decentralized social networking platform powered by Nostr, has launched on Apple’s App Store.
• Jack Dorsey, the co-founder of Twitter, is a contributor to the Damus project.
• The launch of Damus is a significant milestone for decentralized social media networks and adds more competition to Twitter.
Damus Launch on Apple’s App Store
Nostr, based on cryptographic keypairs, has announced the launch of its most popular mobile app Damus on the App Store after three failed attempts. Jack Dorsey, the co-founder of Twitter who made a case for a decentralized alternative to the app, is also a contributor to the Damus project. Reacting to the news, Dorsey tweeted: „a milestone for open protocols…“
Features of Damus
Damus markets itself as the „social network you control.“ They plan to build it into a social media platform with uncensored content which allows for censorship-resistant and permissionless communications. It utilizes decentralized relays to distribute messages sent through it and has built-in payments through Bitcoin Layer-2 Lightning Network.
Twitter’s Response
Twitter is also trying to catch up with its competitors and recently announced the launch of its own payment system which could include crypto payments on their app.
Significance
The launch of Damus on the app store is a significant milestone for decentralized social media networks and adds more competition to Twitter. This move could bring decentralization closer to users and make other centralized apps such as Twitter face more competition in this sector.
Conclusion
The launch of Damus signifies an important development in decentralizing digital content and making it accessible even without trusting third parties or governments with internet access rights or censorship regulations. It brings us closer towards achieving an open protocol where users have full control over their data and communications while providing an alternative option in comparison with major centralized services like Twitter.