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Blockchain

Dive Into The INTOverse: A Connected Web3 Services Platform

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Web3 is one of the most widely discussed technological revolutions in the past three years, having risen to popularity on the backs of blockchain protocols such as Ethereum. The Web3 space has expanded rapidly beyond the blockchain layer, resulting in new innovations such as decentralized identity, wallets, SocialFi, GameFi, and artificial intelligence. One of the newest iterations of this decentralized technology revolution is a connected Web3 services platform called INTOverse.

INTOverse is a comprehensive Web3 ecosystem that integrates different aspects of Web3 such as multichain wallets, SocialFi, digital identity, and AI tools into a singular platform. INTOverse’s goal is to fuel Web3 mass adoption through convenient communications and decentralized interactions. In fact, the platform has already gained over 55,000 active users, which shows its rapid growth over the last quarter.

INTOverse’s key technologies include a blockchain-driven consensus layer, a decentralized storage layer, decentralized domain and identity services, multichain wallets, and a browser that gives users access to various DApps. INTOverse is applying these technologies in four different areas: Web3 social media, social fingerprint, AI assistance, and decentralized wallet.

INTOverse has developed an advanced chat and social function that allows users from all across the globe to talk to each other in one-on-one chats or group chats. So far, communication and an “earn” function from chatting is what the platform has targeted in its early stage. This earn function is called “social mining,” where users can earn tokens effortlessly by chatting and communicating with their peers.

The introduction of social mining as a product has brought a new social experience to the blockchain community and constructed a refreshing approach to mining and earning platform tokens. Users who are marketers, brand developers, degens, creators, and the like can all experience INTOverse as a decentralized Instagram, Telegram, Facebook, or any other traditional Web2 social media platform and employ the platform for marketing, business development, community-building, and community management, all while earning while using INTO.

This feature and possibility means INTOverse is striving to build a better Web3 that’s more user-friendly, data secure, and profitable for the common user.

Wladimir P. is a Content Editor at European Gaming Media and at PICANTE Media and covers a large variety of industries.

Blockchain

AI-Powered Stock Trading Platform Market to Grow at CAGR of 10.24% through 2033 – Expanded Market Reach & Customized Investment Solutions to Propel Growth

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Vitalik Buterin claws back crypto community’s right to redefine ‘inflation’

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Ethereum’s co-founder argues for the crypto community’s authority to redefine “inflation” as the expansion of currency supply, challenging conventional economic definitions and tackling misinformation.

Vitalik Buterin, one of the creators of Ethereum, has emphasized that the crypto community has already staked its claim to redefine the term “inflation.”

Buterin’s remarks were prompted by a post from digital media outlet Axios, which humorously suggested that “inflation” now refers to high prices rather than the traditional concept of rising costs.

Although the Axios post was presented in a lighthearted manner, Community Notes (CN) clarified that the definition of inflation remains unchanged.

Buterin’s response, posted on Farcaster, contested Axios’ interpretation of inflation by asserting that the crypto community has already reshaped the meaning of the term.

“[…] we already decided that it now just means ‘increase in the total supply of a currency’.”

Buterin’s rebuttal garnered support from other users on Farcaster, including former Coinbase employee Binji.eth.

Traditionally, inflation refers to the general increase in the price level of goods and services, resulting in decreased purchasing power as currency value diminishes.

However, Buterin’s argument suggests a cultural shift in the definition of inflation, proposing that ongoing global inflation arises from an essentially unlimited increase in the total supply of currency.

Tech investor Lee Edwards criticized Axios’ initial post for perpetuating misconceptions rather than educating readers.

Buterin has recently been active on Farcaster, advocating for community-driven solutions and initiatives focused on preserving privacy and addressing exploitation issues.

While Buterin has not commented on the concerns surrounding Ethereum Foundation researchers Dankrad Feist and Justin Drake’s involvement with EigenLayer, their decision to become advisors at EigenLayer in exchange for significant compensation in EIGEN tokens has sparked debate within the crypto community.

While some members support the transparency of the disclosures, others have criticized the decision, suggesting that the substantial compensation could influence decision-making.

Source: cointelegraph.com

The post Vitalik Buterin claws back crypto community’s right to redefine ‘inflation’ appeared first on HIPTHER Alerts.

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Blockchain dev Sphere introduces bank-to-wallet Telegram extension

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Sphere Labs, a blockchain developer dedicated to facilitating stablecoin services for corporate clients, has unveiled a new fiat on-ramp and off-ramp tailored to operate within Telegram.

The bank-to-wallet extension enables Telegram users to seamlessly transfer funds between their bank accounts and wallets directly within the Telegram app, with an advertised fee of 0.1% per transaction for early adopters.

This service will be available to early adopters starting the week of May 27, with a full rollout expected later this year.

While users from any unsanctioned country can utilize the Telegram extension, they are required to link the service with a bank account denominated in United States dollars or euros.

Telegram remains a hotbed of crypto innovation and development, boasting a plethora of bots and applications such as Unibet and the CoinGecko bot, fostering a robust blockchain ecosystem within the platform.

At the heart of Telegram’s appeal to crypto investors, speculators, and enthusiasts lies the Telegram Open Network (TON), which integrates various components including the TON Blockchain, TON DNS, TON storage, and TON Sites, offering users a comprehensive solution for all their Web3 requirements.

According to DemandSage, Telegram boasts an impressive 800 million monthly active users, with over 52 million users engaging with the platform on a daily basis. DemandSage also reports that a staggering 15 billion messages are exchanged on Telegram daily, with the app being downloaded more than 1 billion times. Telegram is projected to reach 1 billion users by the end of 2024.

Furthermore, India ranks as the country with the highest number of Telegram users, estimated at 104 million users, making the platform an ideal environment for delivering fintech services to emerging markets.

The expansion of financial services to developing countries remains a central focus of the blockchain industry, with companies like Ripple Labs and Standard Diamond Co. striving to develop innovative solutions for those lacking adequate financial services in the modern era.

Source: tradingview.com

The post Blockchain dev Sphere introduces bank-to-wallet Telegram extension appeared first on HIPTHER Alerts.

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