According to Kevin Lu, social finance, or “socialfi” — a combination of social media and decentralized finance — is an innovation that extends Satoshi Nakamoto’s vision of a decentralized financial system to social media. Although it’s not intended to replace today’s traditional social media platforms, socialfi addresses “significant value gaps in current consumer products,” said […]
On March 26, 2024, the Web3 modular infrastructure startup 0G secured $35 million in funding from over 40 strategic backers. Representing “zero gravity,” 0G is dedicated to enhancing infrastructure scalability through modular design. Its primary focus is on addressing the essential challenges necessary for the deployment of onchain artificial intelligence (AI) solutions within the Web3 […]
The smart contracts platform Avalanche recently said it is collaborating with the Chinese payments giant Alipay to launch a Web3-enabled voucher program. The second phase will see the proof of concept being expanded to more than 100 million users from Southeast Asian countries. Web3-Enabled Vouchers Avalanche, a smart contracts platform, has said it is working […]
Particle Network has introduced its modular Layer 1 solution for chain abstraction and universal accounts, aimed at simplifying user interactions across multiple blockchains. The design of this modular Layer 1 makes it an ideal tool for both new and existing ecosystems to leverage. Particle Network plans to launch its Testnet and V1 Mainnet in the […]
Rohit Wad, the chief technology officer (CTO) of Binance said his platform has increased its compliance budget in recent years to ensure it achieves the “highest regulatory compliance standard.” According to Wad, Binance has used a compliance budget, which rose 35% year over year to $213 million, to invest in transaction monitoring, market surveillance, and […]