Blockchain
SeedOn begins onboarding ahead of the upcoming launch of its web3.0 crowdfunding platform
SeedOn, a blockchain-based crowdfunding platform, starts officially accepting projects. Built on the Binance Smart Chain, the platform leverages its unique smart-contract escrow model to verify projects on three levels before they can start raising funds, offering the highest level of security and transparency. The expected launch of SeedOn’s platform will take place in late Q3.
In North America, $17.2 billion is generated through crowdfunding each year. Despite the ease of use and the potential to rapidly acquire cash, most crowdfunding platforms operating today come with inherent risks for project creators and investors. For project creators the risk revolves around privacy and the safeguarding of sensitive details, and for investors it has to do with fraud. While some of these crowdfunding platforms have made attempts to combat scams and fraudulent projects, the vast majority fail to effectively protect both investors and entrepreneurs.
SeedOn’s platform makes equity crowdfunding safer for investors and entrepreneurs alike by leveraging the transparency provided by blockchain technology. The platform releases the raised funds in stages based on the achievement of specific milestones, returning remaining funds if a project falls short of any milestone. Projects looking to raise money on SeedOn undergo a three-step verification procedure before they are approved. The startup screening process starts with an AI algorithm checking for copyright infringements, and ultimately ends up with a human manually checking and validating the AI system’s findings. SeedOn protects project creators by requiring investors to sign an NDA, which protects intellectual property by only allowing registered investors access to the project’s sensitive information.
To participate in a SeedOn crowdfunding campaign, investors simply purchase SEON, SeedOn’s native token, on a public exchange to then deposit into the SeedOn Finance wallet. Users can also pay with fiat money either directly on SeedOn—which is then converted to SEON on the platform’s backend—to raise the balance of SEON in the investor’s wallet, or pay directly through the crowdfunding campaign investment section, offering a viable option to non-crypto holders. SeedOn offered two pre-sales, one private and one public, during SEON’s token launch in December 2021, collectively raising $1.4 million and selling out the second presale in under five hours.
“We are currently vetting a handful of projects for our platform, and we are excited to onboard innovative Web3.0 projects and start the process of transforming the crowdfunding industry,” says Constantin-Claudiu Minea, Co-founder and CEO of SeedOn. “Equity crowdfunding provides great value for both investor and project creator, but transparency and security are a necessity. This is exactly why we built our solution on blockchain and developed our smart contract escrow model.”
Blockchain
Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity)
Building Customer Trust in AI with Blockchain
Blockchain is emerging as a critical tool in addressing the trust deficit in artificial intelligence. By leveraging decentralized ledgers, companies can provide transparent data provenance, ensuring that AI algorithms operate ethically and without bias. This integration allows customers to verify the origins of data used in AI models, fostering greater confidence.
Businesses deploying blockchain for AI governance must prioritize simplicity and accessibility in their implementations. While the technology’s potential is immense, it is essential to communicate its benefits in a manner that resonates with non-technical stakeholders.
Source: Harvard Business Review
Blockchain at a Crossroads: Balancing Promise and Peril
As blockchain technology matures, it finds itself at a crossroads. On one side, the promise of decentralization continues to captivate industries, offering solutions for supply chain management, finance, and digital identity. On the other, challenges such as regulatory scrutiny, scalability issues, and energy consumption threaten to impede its growth.
The path forward will require a concerted effort from developers, regulators, and industry leaders. Collaborative frameworks that address these challenges while preserving blockchain’s core principles of decentralization and transparency are key to ensuring its sustained relevance.
Source: Cointelegraph
BRICS vs. USD: Blockchain’s Role in Economic Shifts
The BRICS nations (Brazil, Russia, India, China, and South Africa) are exploring blockchain-based solutions to reduce their reliance on the US dollar in international trade. By adopting decentralized technologies, these nations aim to foster economic independence and promote stability in the face of geopolitical tensions.
This initiative exemplifies blockchain’s potential to redefine global financial systems. However, its success hinges on addressing interoperability issues and fostering international collaboration. The evolution of blockchain-based trade networks could mark the beginning of a new era in economic diplomacy.
Source: CoinGeek
Hungri Games Expands MetaHorse Unity to Base Blockchain
Hungri Games has announced the expansion of its MetaHorse Unity project to the Base blockchain, aiming to enhance the gaming experience with improved scalability and lower transaction costs. This move aligns with the growing trend of integrating blockchain into gaming to create transparent and secure ecosystems.
By adopting Base, a layer-2 blockchain, MetaHorse Unity seeks to offer players a seamless and cost-effective gaming experience. The partnership highlights the potential of blockchain to transform the gaming industry, enabling innovative monetization models and fostering player engagement.
Source: CoinTrust
Nano Labs Purchases Trump Tokens to Celebrate Presidency
Nano Labs commemorated former President Donald Trump’s legacy with the acquisition of 47 Trump Tokens. This symbolic gesture underscores the intersection of blockchain technology and cultural milestones, showcasing how tokens can represent historical and social narratives.
The purchase also highlights the increasing role of blockchain in creating unique, tradable assets that capture moments in time. As tokenization continues to gain traction, it is redefining how value and significance are assigned in the digital age.
Source: PRNewswire
Final Thoughts: Blockchain’s Expanding Horizons
This week’s developments highlight the diverse applications of blockchain technology, from fostering trust in AI to reshaping global economic systems. As the industry navigates challenges and opportunities, collaboration and innovation will be crucial in unlocking blockchain’s full potential.
While hurdles such as scalability and regulation persist, the technology’s ability to drive transparency, security, and inclusivity remains unparalleled. The coming years will undoubtedly see blockchain continue to evolve, solidifying its role as a transformative force across sectors.
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Blockchain
CoreNest Capital Announces Strategic Investments in SpaceX, CTGT, Open Clinic, Asha Health, CollectWise, Curo, Hybrd, and Study Dojo
OpenAI, xAI, SpaceX, Weave Robotics, Blaze Payments, Domu AI, Phonely AI, Andromeda Surgical, Texture Capital, Artisan AI, Piramidal,Avatar Medical, OpenCall, Fleak AI, Algorized, itsElectric, Dili, CTGT, Open Clinic, Asha Health, CollectWise, Curo, Hybrd, Study Dojo, Sologenic, Coreum, Pulsara
Blockchain
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