Blockchain
Dive Into The INTOverse: A Connected Web3 Services Platform
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.
A recent warning from the FBI regarding a crypto money transmitter seems to be aimed at the Samourai Wallet. This development highlights the increasing scrutiny and regulatory challenges faced by privacy-focused cryptocurrency wallets and services.
The FBI warning raises concerns about the use of certain cryptocurrency wallets that prioritize user privacy and anonymity, potentially enabling illicit activities such as money laundering and terrorist financing. While the warning does not explicitly name any specific wallet or service, the language used suggests that the Samourai Wallet may be the target of the advisory.
Samourai Wallet is known for its focus on privacy and security features, including coin mixing and stealth addresses, which aim to enhance user privacy and protect against surveillance and tracking. However, these features have drawn the attention of law enforcement agencies and regulators, who are increasingly concerned about their potential misuse by criminals.
The FBI warning underscores the challenges faced by privacy-focused cryptocurrency wallets in navigating regulatory compliance and law enforcement scrutiny. While these wallets aim to empower users with greater control over their financial privacy, they must also address regulatory requirements and law enforcement concerns to avoid legal and reputational risks.
As the cryptocurrency industry continues to evolve, privacy-focused wallets like Samourai Wallet will need to strike a balance between privacy and compliance, ensuring that they can provide robust privacy features while also addressing regulatory concerns and maintaining transparency with authorities. This delicate balance is essential to foster trust and confidence among users and regulators alike, ultimately enabling the continued growth and adoption of privacy-enhancing technologies in the cryptocurrency space.
Source: cointelegraph.com
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Blockchain
Pantera Capital Plans to Raise $1 Billion for New Fund Offering Exposure to Crypto Assets
Pantera Capital is reportedly planning to raise $1 billion for a new fund that offers exposure to various crypto assets, as reported by Blockchain.News. This ambitious fundraising initiative underscores Pantera’s continued confidence in the potential of the cryptocurrency market and its commitment to providing investors with diversified investment opportunities in the digital asset space.
The new fund from Pantera Capital aims to capitalize on the growing demand for exposure to cryptocurrencies and blockchain-based assets among institutional and retail investors. By offering a comprehensive portfolio of crypto assets, the fund seeks to provide investors with access to a wide range of investment opportunities, spanning cryptocurrencies, tokens, and other digital assets.
Pantera’s decision to raise $1 billion for the new fund reflects its optimistic outlook on the long-term growth prospects of the cryptocurrency market. With increasing mainstream adoption and institutional interest in cryptocurrencies, Pantera sees significant potential for value creation and capital appreciation in the digital asset space.
As one of the leading blockchain-focused investment firms, Pantera Capital is well-positioned to attract capital from investors seeking exposure to the cryptocurrency market. The firm’s track record of successful investments and its experienced team of investment professionals are likely to bolster investor confidence and support for the new fund.
Pantera Capital’s plans to raise $1 billion for its new fund underscore its commitment to driving innovation and growth in the cryptocurrency market. As the fund attracts capital and deploys it into promising investment opportunities, it is poised to play a key role in shaping the future of the digital asset ecosystem.
Source: blockchain.news
The post Pantera Capital Plans to Raise $1 Billion for New Fund Offering Exposure to Crypto Assets appeared first on HIPTHER Alerts.
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