Blockchain
Former Meta and Pinterest Executive Joins Sequoia-Backed Decentralized Social as COO – Blockchain News, Opinion, TV and Jobs
Published
1 year agoon
By
adminAfter years spent developing the category-defining technology powering its infrastructure, Sequoia-backed DeSo is hiring Salil Shah, a seasoned executive with experience at Meta and Pinterest, to scale the business. The announcement comes in the wake of two consecutive months of over 120% Month over Month growth for the platform.
As the only layer-1 blockchain capable of powering content-rich social applications, and with over $200 million in funding from Sequoia, Andreesen Horowitz, Coinbase, CAA, and others, DeSo was already well-positioned for success.
Now, with an experienced senior executive like Shah in place, DeSo can accelerate its mission to re-imagine the creator economy and expand the scope of web3 from solely financial applications to creator-focused social applications and much more.
Shah’s motivation for joining stems from his belief that DeSo has the potential to transform the creator economy. Shah says,
“Empowering and supporting creators is a mission I’m deeply passionate about.” Shah also mentions that DeSo has built the first blockchain platform that allows social content to be stored directly on-chain, giving creators more ownership, the ability to engage with fans across platforms, and the opportunity to build direct financial relationships with fans.
“I’m excited to join this incredible team and partner with Nader to build the business as the industry moves towards the next phase of the creator internet, powered by web3,” he continues.
Shah joins Nader Al-Naji, the founder of DeSo, and will complement Nader’s deep technical expertise with his extensive business experience as a senior executive and business leader.
Leading an Emerging Category
Shah joins as the emerging category of “decentralized social” is starting to show signs of early growth, with DeSo recently hitting 120% month-over-month growth (following 160% growth the previous month).
“This growth is being driven by DeSo’s ecosystem of hundreds of third-party apps, which are now starting to find retention,” says Al-Naji. For example, Diamond and Desofy have earned creators over $20 million in their early days off of novel monetization primitives like social tipping, social NFTs, and social tokens.
Meanwhile, tools like OpenProsper, a social block explorer, give unparalleled insight into the ecosystem. And other novel apps like Pearl, a web3 Instagram, NFTz, a decentralized NFT marketplace, and DAODAO, a social Kickstarter-like fundraising tool, are launching and maturing.
“We’re seeing a flywheel start to form,” says Al-Naji. “Now that we have a seed of users and content, developers are building apps like never before, which grows usage and content even more in a virtuous cycle.”
DeSo was recently listed on Coinbase, and its mission of reimagining the creator economy has never been more relevant, with Twitter founder Jack Dorsey recently proclaiming that Twitter should be “an open-source protocol,” and the recent purchase of Twitter by Elon Musk.
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BC.GAME Secures New Curacao LOK License, Enhancing Legal Compliance and Global Reach – Blockchain News, Opinion, TV and Jobs
Published
1 day agoon
April 22, 2024By
adminWillemstad, Curaçao, April 22nd, 2024, Chainwire
BC.GAME® is thrilled to announce the acquisition of a new gaming license, fully compliant with Curacao’s National Ordinance for Games of Chance (LOK) regulatory framework. This achievement reaffirms BC.GAME’s unwavering commitment to providing a secure and legally compliant gambling environment for its global user base.
Jack Dorsey, the CEO of BC.GAME, said: “We are immensely grateful for Curacao’s robust regulatory framework, which has been pivotal in the gambling industry. Obtaining this license is a vital milestone in BC.GAME’s ongoing development and our commitment to providing a trustworthy and secure gambling experience.”
The introduction of the LOK legislation, designed to replace the previous National Ordinance on Offshore Games of Hazard (NOOGH) framework, has set a new precedent in the gambling license domain. Under the NOOGH regime, BC.GAME is operated under a sub-license issued by Curacao Interactive Licensing NV (CIL). The new LOK framework, however, brings about significant changes, including the discontinuation of new sub-license issuance and stringent requirements for existing licensees seeking renewal.
Curacao was one of the pioneering nations in establishing regulations for gaming activities. Consequently, this small Caribbean island nation has become a hub for gaming businesses worldwide aiming to adhere to the country’s comprehensive gaming legal framework. BC.GAME has set up a local office to ensure compliance with regulations and to offer support to fulfill the requirements of the local gaming ecosystem.
Acquisition of the license, specifically designed for LOK services, coincides with BC.GAME’s efforts to enhance user trust, forge new partnerships, and broaden the accessibility of its comprehensive gaming services. Obtaining licenses and ensuring compliance are crucial steps in solidifying BC.GAME’s position as a dependable and well-regulated global online gaming platform.
Through this new license, BC.Game has seven years of experience in the online gaming sector, creating various popular and original games. “Curacao is an essential first step in our broader global strategy. As we continue to accelerate our expansion, expect more exciting developments and good news in the near future.” said Jack Dorsey.
About BC.GAME
BC.GAME® is an innovative online casino platform continually redefining industry standards. Committed to providing innovative solutions, BC.GAME creates a secure, fair, and professional service environment. Utilizing cutting-edge blockchain technology, BC.GAME ensures the highest standards of security and fairness for its users.
Contact
PR Manager
Olivia Dixon
BC.GAME
oliviadi@bcgame.com
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Blockchain
Sui Overflow Hackathon Funding Pool Balloons to $1,000,000 as New Sponsors Join – Blockchain News, Opinion, TV and Jobs
Published
1 day agoon
April 22, 2024By
adminGrand Cayman, Cayman Islands, April 22nd, 2024, Chainwire
Alibaba Cloud, AngelHack and dWallet are among the latest supporters for the global event.
Sui, the Layer 1 blockchain that offers industry-leading performance and infinite horizontal scaling, has seen funding for Sui Overflow, the first-ever global virtual hackathon focused on creating exciting products on Sui, double in recent weeks with enthusiastic supporters contributing funds.
Initially set at $500k, after a groundswell of support from external backers, Sui Overflow’s funding pool has ballooned to $1,000,000. The sizable rewards pool is drawing builders from around the world to build projects on the Sui network and demo them to a panel of judges. Among the categories eligible for prizes are Consumer & Mobile, Infrastructure & Tooling, Gaming, and DeFi. Developers will also be encouraged to leverage specific technologies from the Sui ecosystem such as zkLogin, Advanced Move Features, Randomness, and Multi-chain capabilities.
Sam Blackshear, Co-founder/CTO of Mysten Labs and creator of the Move smart contract language, said, “Sui Overflow offers both new and experienced developers a chance to show off their Move skills and experiment with powerful Sui primitives like zkLogin, sponsored transactions, kiosk, DeepBook, and native randomness. Some of Sui’s top projects were born in previous local hackathons, so I am genuinely excited to see what the first global hackathon will produce.”
Past Sui-sponsored hackathons have been fertile ground for projects that began as hackathon entries but subsequently grew into sustained businesses on the network. Scallop began at Sui’s Seoul Builder House in June 2023 with a small team of developers that garnered first prize at the event. Today, Scallop has $117M in TVL and is one of the preeminent DeFi protocols on Sui. Navi Protocol is another of Sui’s “Hackathon Heroes.” A month after Scallop, the Navi team emerged, winning gold in the DeFi and Payments category at the Sui X KuCoin hackathon. Navi now has over $130M in TVL and is another leading DeFi protocol on Sui.
In addition to support from title sponsor dWallet Labs, the hackathon will be sponsored by Elixir Capital, Alibaba Cloud, Comma3 Ventures, MoveBit, Scallop, GSR, Supra, Wormhole, AngelHack, Pyth, Ryze Labs and ZettaBlock. The awards presented in Sui’s hackathon for every category are as follows: $30,000 for first place, $15,000 for second, and $7,500 prizes each for two additional runner-ups. 10 $2,500 University Awards and 10 $2,500 Community Favorite Awards will also be awarded during the hackathon. Moreover, contestants are not limited to a single category. Individual teams can participate simultaneously in multiple tracks, stacking awards in excess of $100,000. Additionally a number of projects in the Sui ecosystem are offering their own separate bounties, adding even more ways for great projects and great teams to benefit.
With the doubling of funding to $1 million, Sui Overflow participants will now be eligible to receive accelerated Sui Foundation Grant Funding along with other benefits including audits and credits to support the successful launch of their projects after the hackathon is completed.
“The homegrown projects that spring from developer meetups and hackathons like Sui Overflow are an essential part of the lifeblood that will sustain the Sui ecosystem into the future,” said Greg Siourounis, Managing Director of the Sui Foundation. “The impact of Overflow has been strengthened substantially by the overwhelming support from the Sui community, which has enabled us to expand the potential rewards beyond our planned tracks to benefit the most promising projects with prudent funding, audit credits and selected accelerated grants.”
“Sui Overflow is more than an event; it’s the starting point for our brightest future blockchain innovators,” said Omer Sadika, Co-Founder of dWallet Network. “We are excited and honored to work together with all of the partners involved and look forward to the results that will come out of this hackathon.”
Users can apply, developers can register on the Sui Overflow portal and find all the further information. For regular updates, everyone is encouraged to join the Overflow Discord Server.
Registration Period: April 21 – May 31
Virtual Demo Day: June 15;
Announcement of winners: Late June 2024
Contact
Sui Foundation
media@sui.io
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Blockchain
MetaWin Launches New Base and Arbitrum Layer 2-Powered Swap System, Boasting 2-Second Payment Speeds and Half a Cent Gas Fees
Published
3 days agoon
April 20, 2024By
adminLondon, United Kingdom, March 28th, 2024, Chainwire
MetaWin, the trailblazing platform for on-chain prize competitions, is delighted to announce the incorporation of the Base and Arbitrum Layer 2 (L2) blockchain networks into its on-site swap feature.
This ground-breaking update represents a significant milestone in MetaWin’s quest to deliver an unmatched gaming experience, offering faster transactions and substantially reduced fees for its users. By embracing the capabilities of the Base and Arbitrum L2 chains, MetaWin not only improves its platform’s efficiency but also solidifies its position as an innovator in the blockchain gaming industry.
The integration enables users to effortlessly deposit and withdraw funds on either chain or across chains, providing the flexibility to select the preferred network for receiving winnings. Transaction times have been dramatically slashed to just 2 seconds for inbound swaps and 20 seconds for outbound swaps, paired with gas fees as low as half a cent USD for swapping (theoretically) an unlimited amount.
The introduction of Base and Arbitrum L2 support signifies more than just an upgrade; it heralds a revolution. MetaWin takes pride in leading this innovation charge, offering a more accessible, affordable, and faster gaming experience. By mitigating the barriers associated with high transaction costs and slow processing times, MetaWin not only expands its user base but also fortifies the blockchain ecosystem.
“We are excited to lead the way in leveraging the latest blockchain technology to benefit our users,” said Rebecca Hanwell, Operations Manager at MetaWin. “The integration of Base and Arbitrum L2 chains underscores our commitment to innovation and our vision for a future where blockchain gaming is mainstream, accessible, and affordable for everyone. Given the remarkable results observed here, we will continue to integrate the remaining Layer 2 chains.”
This strategic update aligns with MetaWin’s ongoing endeavour to democratize access to on-chain prize competitions, ensuring that players worldwide can participate without the burden of exorbitant fees or sluggish transaction speeds. The decentralized competitions will also transition to leverage the L2 chains as early as next week.
As MetaWin continues to push the boundaries of what’s achievable in blockchain gaming, it remains steadfast in providing a secure, transparent, and efficient platform for its global community.
Users can try the new swap system by connecting their Web3 wallet to MetaWin
About MetaWin
MetaWin is the premier platform for on-chain prize competitions and instant win games, offering a diverse range of entertaining challenges for users to enjoy. By harnessing cutting-edge blockchain technology, MetaWin provides a transparent, fair, and secure gaming environment, making it the go-to destination for blockchain enthusiasts and gamers alike.
For more information about MetaWin and its latest integration, please visit www.Metawin.com
Follow us on social media:
https://www.instagram.com/metawin.eth/
Join our community:
https://t.me/metawinlfg
https://discord.com/invite/the-arena
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PR Team
Metawin
press@metawin.inc
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