Author: Precious Udeorah

Jack Dorsey, the Former Twitter CEO, has introduced ‘Web5’ on Twitter, which is a hybrid of Web3 and Web 2.0 and is based on the Bitcoin blockchain. The platform promises to address the problem of data security. “With hundreds of accounts and passwords, we can’t remember,” the corporation writes on its website, “we struggle to secure personal data.” Third parties now own your identity and personal data on the internet. The platform “allows developers to concentrate on creating beautiful user experiences while restoring ownership of data and identity to users,” according to the Block Head, one of Dorsey’s Block (previously…

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Web3 Marketing is a method of learning more about the web by observing trends and new breakthroughs. It’s not only getting better; it’s radically altering our perceptions of the Internet. Web browsers and search engine optimization are just two examples of Web3 marketing strategies (SEO). A Web3 ecosystem improves customer satisfaction by providing rich and engaging adverts. Entrepreneurs will benefit since their advertisements will be more precisely targeted. Web3 marketing’s superior user experience features open up a whole new era of advertising and marketing development for marketers. Most social media sites are prone to data theft and information manipulation due…

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Neo is a cryptocurrency that uses the Neo blockchain as its foundation. It was launched in 2014 by a group of developers who are still co-chairs of the Neo Foundation, the corporation that created Neo. The Neo blockchain platform also supports other coins, decentralized apps (dApps), and smart contracts in addition to the Neo token. A user of the Neo blockchain also utilizes the Gas coin to pay transaction fees in addition to the Neo token. Neo, unlike some other digital currencies, is part of a bigger ecosystem that includes distributed apps, smart contracts, and other features. Decentralized storage, cross-chain…

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Until a few months back, publishing venture dApps on Ethereum required a lot of systems development, executive buy-in, and a lot of money. More public blockchains have recently partnered with businesses to address non-functional technical requirements in order to meet basic security and performance standards. However, because of the very tribal nature of the blockchain development subculture, mainstream businesses are still wary about developing on Ethereum. If you’re a corporate developer, the following are benefits of building on public Ethereum: Lower Cost of Ownership When comparing the operations and maintenance costs associated with running a system on mainnet to the…

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When it comes to cryptocurrencies, Bitcoin gets all the attention, but there are practically thousands of other possibilities. In fact, cryptos that aren’t Bitcoin are commonly referred to as “altcoins,” or alternatives to Bitcoin. Bitcoin was the first major crypto to hit the market (in 2009), however, a slew of others have subsequently gained traction, though not to the same degree as the original. The leading crypto by the total dollar value of coins in circulation (market capitalization) are listed below: Bitcoin (BTC) The live¬†Bitcoin price¬†today is $30,536.33 USD with a 24-hour trading volume of $24,085,454,492 USD Bitcoin is still…

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PayPal introduced a new feature on June 7th that will allow its users to move cryptocurrency funds from their PayPal accounts to other cryptocurrency exchanges or wallets. The payment platform users will be able to send crypto balances to other family members or relatives using the new tool. Jose Fernandez da Ponte, senior vice president and general manager of PayPal’s crypto, blockchain and digital currency vertical, said: “It’s all about convenience and accessibility.” We’re making it a lot easier to move cryptocurrency around.” He went on to say: “Customers who deposit cryptocurrency into PayPal can use our Checkout with Bitcoin…

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Officials from the Bank of Uganda (BoU), which is exploring its own CBDC, are looking for Nigeria’s experience in building the first CBDC in Africa and one of the first in the world. The Central Bank of Nigeria (CBN) said in a post that its Governor, Godwin Emefiele, had instructed visiting Bank of Uganda executives on the creation of a Central Bank Digital Currency (CBDC). According to Nigerian news agencies, the Governor stated that they are working to further financial inclusion through the CBDC (eNaira), and that Uganda may profit from similar efforts. The Governor, according to Nigerian news outlets,…

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Adaverse, a Cardano ecosystem accelerator that aims to support the growth of crypto-native enterprises in Africa, recently announced its investment in four (4) noteworthy innovation solutions. Adaverse has succeeded in making strategic investments in the most innovative crypto-native enterprises to emerge from Africa, with support from founder companies EMURGO and Everest Ventures Group (EVG). They recently partnered with other well-known companies to close fundraising rounds for crypto-native startups in Africa that are developing the most innovative, scalable, and critical solutions in areas such as peer-to-peer systems, Talent protocol, DeFi, cross-border payments, gaming, and NFTs. The most recent commitment is to…

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Canonical Crypto, a new venture capital organization, has secured $20 million for its first fund to support blockchain infrastructure initiatives, with a bias for talent transitioning from Web 2 to Web 3. The fund was supported by a slew of crypto heavyweights, including Chris Dixon and Marc Andreessen of Andreessen Horowitz (a16z). Dragonfly Capital’s Haseeb Quresh, Shan Aggarwal, Coinbase Ventures corporate development head, FTX Ventures partner Amy Wu, and various family offices were among the other investors. In a recent interview, Canonical Crypto creator Anand Iyer said, “The thesis is highly based on the world I grew up in, which…

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Binance Labs, the cryptocurrency exchange’s venture capital and incubator, has announced the closure of a fresh $500 million investment fund. Leading worldwide institutional investors such as DST Global Partners and Breyer Capital have backed the fund. As limited partners, the fund attracted other significant private equity funds, family offices, and companies. The new fund will put money into projects that will broaden the scope of cryptocurrency applications and promote the use of Web3 and blockchain technologies. “In a Web3 environment, the relationship between people, values, and economies is crucial, and if these three aspects come together to establish an ecosystem,…

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