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MonkeyBids and Lithium Finance Reach a Partnership Agreement



Hong Kong, Hong Kong–(Newsfile Corp. – November 3, 2022) – MonkeyBids, a decentralized auction platform based on Solana, announced a cooperation agreement with Lithium Finance, an illiquid asset valuation tool, to provide consumers with more transparent and reliable valuations of both digital and physical collectibles.

MonkeyBids and Lithium Finance Partnership

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With the rise of virtual assets, illiquid assets, such as digital artworks or NFTs that combine virtual and tangible assets, may have different standards for their value. Given this, MonkeyBids, a Web3 auction platform dedicated to promoting the “collector economy,” announced a cooperation agreement with Lithium Finance.

Different from the centralized valuation method of traditional auction houses, Lithium uses collective intelligence and machine learning to value assets. Lithium designates those who ask for valuation as “Price Seekers ” and those who provide value estimates as “Price Experts”. “Price Experts ” will need to indicate their confidence toward their answer by staking $LITH tokens, and they will receive native tokens as a reward if their response is accepted.

As a strategic partner of Lithium, MonkeyBids will bring consumers a decentralized auction experience through a new valuation method, helping them to quickly grasp the market conditions and the value of their collections in the ever-changing Web3 world.

MonkeyBids said that the two parties might hold events in the future to allow the public to participate in the valuation and bidding of auction items. 

For media inquiries and additional information, please contact:

Contact Person: Issac Poon
Email: [email protected]
telegram: paprika002

About MonkeyBids:

Based on Solana, a decentralized auction platform combining Web2 and Web3, the purpose is to promote the “collector’s economic circle,” where every commodity is a collectible, and everyone can become a unique collector. Our operations team has incubated the Solana NFT project Monkey Kingdom.

About Lithium Finance:

Lithium Finance is the first decentralized NFT valuation protocol powered by collective intelligence and machine learning. The protocol aims to redefine how NFTs are being valued through incentivizing the community to provide honest assessment to reveal market sentiments.

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Newsfile is a customer-focused newswire team that delivers press releases and corporate announcements to the global financial community. Approved by all stock exchanges, Newsfile offers broad access to media, analysts, investors and market participants. With agile services, proactive customer care and affordable pricing; Newsfile makes it easy for companies to tell their story to the audiences they need to reach.


Correction: CBiGroup Completes $15M Series A Funding, Focuses on R&D




CBiGroup Completes $15M Series A Funding, Focuses on R&D

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COTI V2 changing private play on blockchain via encrypted circuit




COTI V2 is revolutionizing blockchain technology with private play through encrypted circuits, offering enhanced speed and efficiency. Currently, the Genesis builder network is live, and the company is inviting developers to join their program. The network supports private play upgrades for Ethereum.

As a privacy-focused Ethereum layer 2 solution, COTI V2 employs advanced encryption technology and encrypted circuits, enabling operations on all devices without compromising personal data.

The primary goal of COTI V2, as outlined in its whitepaper, is to address private play issues on blockchains. Developers can protect privacy through encrypted circuits. The COTI V2 Devnet provides a user-friendly, connectible EVM space (gcEVM) using the Solidity programming language.

Additionally, the COTI V2 network offers developers tools for privacy play with TypeScript and Python SDKs, along with EVM RPC, documentation, a faucet, an explorer, and Hardhat.

COTI has received positive feedback from Civic, a provider of Web3 identification toolkits.

The COTI Foundation plans to launch a privacy-focused growth fund, the ABC Growth Fund, allocating 400 million COTI tokens to provide real-time privacy services.

Developers using the COTI V2 builder network can explore use cases such as confidential DeFi, private payment transactions, stablecoins and RWAs, on-chain data control, confidential AI and machine learning, and decentralized identity recognition.

According to COTI CEO Shahaf Bar-Geffen, the COTI V2 builder and developer program is now available to the public, inviting developers to join the network.


The post COTI V2 changing private play on blockchain via encrypted circuit appeared first on HIPTHER Alerts.

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Justin Sun Emphasizes the Importance of User Protection




Justin Sun, the founder of the Tron Foundation, recently emphasized the critical importance of protecting users in the cryptocurrency sector. Drawing on the experiences of industry leaders like Jack Ma and Changpeng Zhao, Sun argued that prioritizing user safety above the interests of investors, partners, and employees is essential for building trust and ensuring the sector’s long-term sustainability.

He acknowledged that this focus is challenging but necessary for fostering a secure and reliable crypto environment. Sun’s perspective highlights the need for the crypto industry to evolve in a way that prioritizes user interests. He believes that learning from successful leaders can help guide this process. By adopting these principles, the industry can better protect its users and create a more trustworthy ecosystem. Sun’s advocacy for user protection underscores a broader vision of developing a safer, more user-centric cryptocurrency landscape.

His comments reflect a commitment to ensuring that the industry’s growth is not only rapid but also responsible and sustainable. This approach, according to Sun, will ultimately benefit everyone involved in the cryptocurrency space by fostering greater confidence and reliability in digital financial systems.


The post Justin Sun Emphasizes the Importance of User Protection appeared first on HIPTHER Alerts.

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