Bitcoin News Official TheBitTimes.com

Animoca Brands Japan and KLKTN have formed a strategic partners hip with Cool Cats Group to facilitate the expansion of the Cool Cats brand into the Japanese anime market using web3 technology. Animoca Brands Japan and KLKTN, a part of the same company, have teamed up with Cool Cats Group to make a move into the Japanese anime scene using web3 technology. The deal involves Animoca Brands Japan buying a part of Cool Cats Group and KLKTN receiving Cool Cats NFTs for their project called San FranTokyo, which is all about anime and web3. Animoca Brands believes that by working with Cool Cats, the company can create something that mixes web3 — the latest in internet technology — with Japan’s famous style of comics, called manga. Animoca Brands Japan x San FranTokyo x Cool Cats We’re stoked to officially announce together with @Animocabrandskk , our strategic investment and partners hip with @coolcats. 1/8 pic.twitter.com/b4DQPtAz8y — San FranTokyo (@San_FranTokyo) November...

Crypto Rug Pulls And Hacks Shook The Web3 Industry One of the most recent rug pulls sent shockwaves through the DeFi landscape as the native token of the cross-chain bridge Synapse (SYN) witnessed a dramatic plummet in value on September 5. The crisis ensued after an unidentified liquidity provider on the platform offloaded nearly 9 million SYN tokens and withdrew all stablecoin liquidity from the bridge. advertisement While the official Synapse team acknowledged the liquidity rug, they were quick to clarify that no security breach had occurred. Intriguingly, the mysterious liquidity provider was traced back to Nima Capital, a long-term partner of the project, which had previously locked a staggering $40 million worth of liquidity in SYN. The extent of the issue becomes even more apparent when considering the overall losses incurred in the cryptocurrency space in 2023. According to CertiK, the losses have surpassed a staggering $997 million, encompassing a multit...

Tokenization has the potential to be transformative for businesses and consumers alike — but there are regulatory and technical hurdles to consider. Entering the “token era” remains a significant leap into uncharted territory for companies, but this doesn’t have to be the case. Brickken, an up-and-coming tokenizing solution, now helps companies to create digital tokens backed by real-world assets –– with zero downtime and instant execution. Cryptocurrencies dominated the 2010s — and so far, artificial intelligence (AI) is the theme of the 2020s. But there’s another buzzword that’s gaining traction, too: tokenization . While there have been major trade innovations over recent decades, New York remains rooted in tradition, with the stock market only open between 9.30 am and 4 pm on weekdays. That’s at odds with the 24/7, digital nature of the 21st-century economy — a world where business never sleeps and TikTok posts carry more influence than newspaper columns. To match that speed of ...

Golden Egg Wonderland players can exchange their in-game egg NFTs for physical gold eggs. Backed by the FRUITS Eco-Blockchain Project, the upcoming Web3 game Golden Egg Wonderland will allow players to exchange in -game NFTs for real golden eggs. Since its inception, Web3 gaming has become a crucial part of the blockchain ecosystem. Blockchain-based games still hold a 36% dominance in on-chain wallet activity over nonfungible tokens (NFTs), decentralized finance (DeFi) and social networks, according to the latest Q2 report from DappRadar and BGA. Players’ ability to utilize gameplay mechanics to collect in-game tokens and NFTs that can be exchanged into real-world value, also known as the play-to-earn (P2E) trend, is a primary driver for the growth of the Web3 gaming space. As with any new trend, blockchain-based P2E games continue to evolve to benefit players. Thanks to the traceability and transparency of digital ownership provided by blockchain technology, in -game items can be ...

Web3 platforms can now address major concerns on traditional freelance boards using decentralized technology and crypto. For many in the global workforce, the 9-to-5 workday is outdated. After a lengthy commute to work, which for some may be three hours each day, many find that upon returning home, they are too exhausted to enjoy their lives, leaving them in a vicious working cycle. Fortunately, with more collaborative technology than ever before and the overall culture of digital nomadism taking over, a new freelancing model is now making its way into the mainstream. Those who have taken up a freelance lifestyle full-time have highlighted several benefits that make it an attractive career choice, according to freelance gig platform Upwork. For one, freelancing offers a level of flexibility, giving workers the freedom to set their own working hours and choose their work environment, thereby escaping the restraints of the 9-to-5 cycle. Whether it’s working from the comfort of their ...

At Paris Blockchain Week 2023, a group of Web3 professionals discussed how this new paradigm is disrupting traditional business models and creating opportunities for startups and investors. A group of professionals in Web3 took to the Master stage at Paris Blockchain Week 2023 to discuss how Web3 is changing the game for startups and investors. This new paradigm disrupts traditional business models and provides opportunities for startups and investors to tap into a new market.  In the panel “Crypto, Culture, and Capital: How Web3 is Changing the Game for Startups and Investors,” the group discussed how Web3 startups are different from Web2 startups and how the different cultures existent in them shape and affect their various ecosystems. While recognizing the awesome milestones achieved by Web3 entrepreneurs, Laurenz Apiarius, founder and managing partner of Blockwall Digital and Blockwall Capital noted that there are good and bad effects it has had on the industry. Related: How can a...

As the internet advances, so too does the model for hiring the talent building it. Web3 represents a paradigm shift in how the world transacts, works and collaborates. In a decentralized , trustless network, individuals own their data and contribute to an equitable digital economy. Although promising in concept, perhaps the most exciting part about this space is the fact that the majority of it is yet to be defined. Therefore, the individuals building the Web3 environment truly hold the power to shape the future. Unfortunately, while Web3 startups are opening the door to new jobs and talented individuals have the skills to bring these roadmaps to fruition, the hiring and selection process is riddled with challenges. For companies, the talent pool of hires with the right experience and desired skill sets exists only across several close-knit communities. Therefore, recruiters who don’t have access to these communities often have difficulty filling the gaps. What’s more, almost a quarte...

According to the CEO of Nillion, “decentralization is a spectrum with multiple axes.” Decentralization via blockchain technology has given rise to several applications such as cryptocurrency, nonfungible tokens (NFTs), decentralized autonomous organizations (DAOs), decentralized finance (DeFi), and many more use cases. However, the future of decentralization may very well extend beyond blockchain technology. Nillion, an internet infrastructure platform based on cryptography, has developed a technology called Nil Message Compute (NMC), which changes how data is stored, processed and decentralized. This new technology could have important implications for how companies and users pursue decentralization as an ethos. When asked how de central ization without blockchains was possible, the CEO of Nillion, Alex Page, explained how NMC based-technology takes arbitrary data, transforms and fragments it, and then distributes the resulting particles across a network of nodes.  "The nodes ...

A tournament to find and support new Bitcoin companies could be a way of attracting developers from Web3 ecosystems to crossover to Bitcoin. Bear markets are for building Bitcoin (BTC) companies. At least, that’s what the Legends of Lightning, a nine-week contest for competing Bitcoin businesses, would indicate.  The tournament-come-hackathon ran more than 65 events worldwide as 73 projects battled it out to win 3 BTC ($50,000). The competition crowned Bitcoin startups Lightsats and AgriMint as winners of two separate competition tracks, Global Adoption and Building for Africa. Organized by Bitcoin startup Bolt Fun, the competition brought together 260 makers (builders, developers, startuppers and hackers) worldwide. Speaking to Cointelegraph via Google Meet, Johns Beharry, co-founder of Bolt Fun and founder and CEO of Peak Shift, explained that the hackathon is the largest yet in the Bitcoin economy: “There is nothing remotely close to this,” he said. The idea behind the competition ...