CryptoNinjas » Blockchain.com Ventures, Eden Block, DACM and others purchase $9.3M of Pocket Network’s token
Pocket Network, a blockchain data ecosystem for Web3 applications, announced today it has increased the total value locked on the network by $9.3M, with Blockchain.com, Eden Block, DACM, and others purchasing the POKT token to power decentralized data infrastructure for Web3.0 applications.
The total value locked in staked POKT has now increased to over $189.35M.
Pocket is a decentralized network that relays data to and from blockchain applications, where participants are rewarded in POKT, in order to create an incentivized network of node providers.
“It’s clear the Web3 community cares about private, cost-efficient, and decentralized infrastructure. It’s encouraging that many prominent developers and node communities can get behind the mission of Pocket – providing the best infrastructure option for decentralized applications that power the everyday user,” said Michael O’Rourke, CEO of Pocket Network, Inc.
Before Pocket’s launch, decentralized applications were really just decentralized front-ends as they depended on legacy single-service providers to run their nodes, acting as a frustrating problem for Web3 developers, highlighted when the Ethereum node provider, Infura went down.
“When Infura went down last November, Metamask, most of the DeFi front ends and even exchanges like Binance, all suffered major outages. Massive single points of failure defeat the purpose of building decentralized applications, but up until now, there has been no alternative. Pocket Network is solving one of the most significant pain points in crypto, and we are excited to be one of Pocket’s early partners and to support them on the next wave of their journey,” said Lior Messika, CEO of Eden Block.
Pocket Network has already expanded since its mainnet launch in July 2020, having serviced over a billion relays for production applications and developer tools such as EthersJS..
CryptoNinjas » Stacks launches mentorship-driven accelerator program to fuel innovation on Bitcoin
The Stacks Foundation, the nonprofit organization stewarding the Stacks ecosystem, today announced it is launching the Stacks Accelerator to foster blockchain developer growth worldwide. The intense 3-month program is backed by a leading coalition of Stacks partners, including the Stacks Foundation, Hiro Systems, Freehold, and Daemon Technologies, which have committed an initial $4M USD to support more than one hundred early-stage crypto technology entrepreneurs with funding, mentorship, and access to the incredible community of Stacks developers.
A layer-1 blockchain designed to facilitate the user-owned internet, Stacks brings everything from non-fungible tokens (NFTs) to projects specializing in decentralized finance, or DeFi, to Bitcoin. By enabling scalable smart contracts for Bitcoin, Stacks offers builders a unique opportunity to create long-lasting projects on the most secure and valuable network among blockchains.
In addition to experienced builders within the Stacks community, the Stacks Accelerator will invest in startup teams interested in leveraging the Stacks protocol to further innovate on Bitcoin. Startups at any stage and funding level with at least two co-founders working full-time will be considered. The program extends up to $50,000 in funding to participating ventures ($25,000 upfront and $25,000 as part of the funding round), with additional funding and mentorship for startups continuing indefinitely thereafter.
The accelerator will take place online via a combination of workshops and bespoke, hands-on mentorship sessions. Currently, the mentor roster includes Eric Ries (author of The Lean Startup), industry heavyweights like Meltem Demirors (CSO of CoinShares), and special appearances from leaders across crypto, like Anthony Pompliano (Investor at Pomp Investments), Thomas France (Co-Founder of Ledger), Sergey Nazarov (Co-Founder of Chainlink..
Many resellers start their business as a hobby or way to earn some extra cash. Starting a resale business is becoming an increasingly popular side hustle and it’s fairly simple to jump into. Although reselling oftentimes starts as a solo endeavor, you will quickly find out that it takes a lot of work. Asking for help from family and friends only goes so far. If you want to expand your resale business, it may be time to hire your first employee.
We go over considerations and questions to ask yourself before hiring employees, and also provide resources and tools if you’re not quite ready to expand the team just yet.
Considerations Before Expanding Your Reselling Business Firstly, there are many questions to ask yourself before you decide to expand your business. Secondly, hiring employees comes with its pros and cons. Above all, you will have extra hands on deck to grow your operation, but it will also come with added responsibilities of having people to train, manage, and care for.
Here are a few questions to consider:
What is the current breadth of your operation? Do you want to expand into other categories? Do you plan to establish a brick-and-mortar location? Get into exporting? Do you have the cash flow to hire employees? Will they be part-time or full-time? Are you able to provide benefits? Pros You have the potential to delight more customers. You can order bigger liquidation lots like LTL and full truckloads. With additional helping hands, you can receive, sort, and process more inventory, which leads to more customers and sales! You have more room to specialize. Different employees can handle different areas of the business. Someone can specialize in sourcing inventory, warehouse management, shipping operations, etc. You can grow your business faster. Cons There are important tax documents and paperwork to maintain. You or someone has to handle payroll and accounting. There will need to be training and supervision. You will invest a good chunk of money in..
CryptoNinjas » Moonstake integrates with Sylo to bring their staking protocol to the Sylo Smart Wallet
Moonstake, a staking pool protocol and service provider, has announced a new partnership with Sylo, a decentralized software development firm and the creators of the Sylo Network and Sylo Smart Wallet.
Through this collaboration, Moonstake will connect Sylo with their robust API/SDK solution, thereby enabling staking functionalities in the Sylo Smart Wallet and allowing Sylo users to earn passive income from their idle crypto assets.
Founded in 2010, Sylo is committed to decentralization and has created an ecosystem consisting of digital consumer wallet software, applications, infrastructure, and developer tools in order to usher in a decentralized future worth looking forward to.
A unique wallet app that combines digital asset management with decentralized communication, the Sylo Smart Wallet is a savvy decentralized e-wallet that enables users to purchase, store, track, send, and receive crypto assets, explore the world of Ethereum dApps by means of a Web3 Browser, pay with cryptocurrency in the real world, and provides secure communications by chat or audio/video call.
“We’re pleased to offer our community of global users yet another way to access the benefits of crypto. As always, our user flow has been designed with simplicity in mind, and staking via Moonstake in the Sylo Smart Wallet will make earning from digital assets simple enough for people everywhere.”
– Dorian Johannink, Co-Founder and Business Director of Sylo
Born over a year ago with the aim to create the largest staking network in Asia, since its inception Moonstake has developed highly user-friendly wallets for both Web and Mobile (iOS/Android) that are compatible with over 2000 cryptocurrencies.
After a full-scale operational launch in August 2020, Moonstake’s total staking assets have grown rapidly to reach USD 800 million in staked assets over just six months. Within a year of its found..
CryptoNinjas » WAX introduces first Topps baseball cards on the blockchain
Worldwide Asset Exchange (WAX), an NFT-based blockchain & decentralized wallet, announced the coming launch of a new baseball card NFT collection via its partnership with Topps.
Collectors have enjoyed finding their favorite players on cards for decades, and now MLB makes its way into the digital blockchain era. On Tuesday, April 20th at 1 PM ET, Topps will release these baseball cards as NFTs for the first time. The cards will depict artwork from the physical 2021 Topps Series 1 Baseball release. Consumers will be able to collect officially licensed Topps MLB NFT collectibles that have been digitally enhanced and reimagined.
“We’re excited to be working with a venerable heritage brand like Topps to tokenize MLB trading cards for the modern collector,” said William Quigley, co-founder of WAX. “The WAX Blockchain is the safest and most intuitive platform for Topps’ largest NFT release yet.”
The Topps MLB collectibles will be available with 1,986 action-packed cards that can be purchased in two different pack sizes. Standard (6) and Premium (45) card packs will be available, with all cards being pre-minted before opening begins. Collect all of your favorite athletes in up to 10 dazzling rarities. Ranging from Common to Legendary, these cards can be found in stunning motion graphics, old-school designs, and much more.
In celebration of the new set, the first 10,000 people who sign-up for email alerts today and give their WAX wallet names will be eligible for a free, limited edition Topps MLB Opening Day NFT pack. To enroll for an Opening Day Pack and learn more about the release, please visit Topps on WAX.
CryptoNinjas » WAX introduces first Topps baseball cards on the blockchain
CryptoNinjas » Binance launches zero-commission tradable stock tokens
Binance, the blockchain company behind the world’s largest digital asset exchange, today announced the launch of zero commission tradable stock tokens to broaden access across traditional capital and cryptocurrency in cooperation with CM-Equity AG, a licensed investment firm in Germany, and Swiss-based Digital Assets AG, an asset tokenization platform.
The first stock tokens announced will be of Tesla, the largest automaker by market capitalization, and their minimum trade size is one-hundredth of a stock token, representing the same fraction of a Tesla share. Stock tokens are priced and settled in Binance USD (BUSD), a regulated stablecoin pegged to the U.S. dollar and issued by Paxos Trust Company.
Stock tokens enable greater financial participation by fractionalizing publicly tradable equities into more affordable units. Holders of stock tokens qualify for capital returns on the underlying equity, including potential dividends and stock splits, as they would from holding traditional shares.
Binance users who are knowledgeable about crypto’s fractional properties can now diversify into equity assets using a digital currency and platform they are familiar with. Conventional investors can access equities in smaller quantities as well as gain exposure to the fast-growing crypto market through the largest and most liquid digital asset exchange. In Q1 2021 Binance recorded growth of 260% and 346% in traded volume and users respectively, while the total market value of cryptocurrencies recently surpassed $2 trillion, indicating accelerated adoption.
“Binance serves many users around the world and we are very pleased to be able to help them participate in the equity market. Stock tokens demonstrate how we can democratize value transfer more seamlessly, reduce friction and costs to accessibility, without compromising on compliance or security. Through connecting traditional and crypto markets, we a..
CryptoNinjas » Boson Protocol concludes $25.8M public sale, token listed on exchanges
Boson Protocol, a decentralized commerce (dCommerce) ecosystem using NFTs encoded with game theory, announced today that it has successfully raised $25.8 million in its public token sale, bringing the total funds raised by the company to $36 million. Boson has also announced the listing of the BOSON token on a number of cryptocurrency exchanges, including Bitfinex, Kucoin, and Gate.io, enabling traders to access its ecosystem and play an active role in the advancement of decentralized commerce.
This news follows Boson Protocol’s recent $10 million USD raise in private investment rounds which placed it amongst the highest-raising NFT projects to date. These private rounds saw participation from several high-profile and upcoming VCs, DAOs, and industry players including Outlier Ventures, FBG, Rarestone Capital, TRG Capital, Duck DAO, and Animoca Brands.
“Our goal from the beginning was to create a decentralized, open, and fairer future for commerce. Though it may be easy and convenient to shop online, the current system separates people and companies from the value they create, harvesting their data for the benefit of a small number of internet monopolies. Boson Protocol was created to replace that system. I am incredibly grateful to our team, our supporters, our investors, and most of all, our community, for taking us one step closer to achieving this goal. We are blown away by the support we have received from so many, and we are incredibly excited to make our vision of a global decentralized ecosystem for commerce transactions a reality. We are creating the building blocks that will underpin a swarm of specialized applications to disrupt, de-monopolize, and democratize commerce.”
– Justin Banon, CEO, and Co-Founder of Boson Protocol
Boson Protocol will allow people, companies, and machines to transact in a decentralized manner, with minimized arbitration, cost, and friction. T..
CryptoNinjas » HGC, DCConnect Global, and QLC Chain successfully prove MEF LSO APIs and DLT enables Order to Cash for data services
MEF members HGC Global Communications (HGC), DCConnect Global, and QLC Chain under the auspices of MEF have successfully collaborated in their MEF Proof-of-Concept (PoC) that leverages MEF Lifecycle Service Orchestration (LSO) APIs with Distributed Ledger Technology (DLT) to create Smart Bilaterals for end-to-end ordering, billing, and settlement of data services.
As part of the MEF’s new Commercial and Operational framework (W114), this PoC is a key foundational step to demonstrate how we can overcome cross-partner business process integration challenges across the telco service value chain that cost the telecom industry hundreds of millions of dollars annually.
Telecom service providers invest significant amounts in systems and resources for external-facing commercial transactions with their telecom partners. When service providers partner establishes a new commercial relationship/bilateral, they usually require customized interfaces to integrate their systems and processes. And this effort needs to be repeated for every bilateral entered.
Even with a smooth integration, these systems of record typically do not have a “Golden Source” for the shared commercial state of the orders and there are considerable inefficiencies throughout the Order-to-Cash value chain. As a result, much time and money is spent on reconciliations, disputed prices or bills, lost orders, and sometimes even legal actions. Worse still is the damage to the commercial relationship.
The MEF 3.0 PoC (130) was raised to demonstrate a viable solution to address “implement once, use many’ process integrations for data services. The core of the PoC and the associated in-development-standard MEF W114 is “Smart Bilaterals”. Smart Bilaterals are DLT-based Smart Contract systems that enable an immutable, self-executing commercial state between two or more service provide..
Walmart returns are a great place for businesses in search of bargain inventory for eBay, flea markets, small retail stores or even large clearance chains to start. In the current economic environment, consumers are looking for ways to save money, and offering high-quality Walmart returns is a great way to serve that need.
The only way for most businesses to buy returns directly from Walmart is via their official liquidation marketplace. In this marketplace, Walmart lists and sells varying size lots of raw, unsorted returns of general merchandise and electronics. You will find lots ranging in size from a single pallet to a full truckload. The lots sell for prices ranging from $1,000 to $50,000. However, auction prices depend on the inventory. Auctions start at $1 and sell to the highest bidder.
There are two great things about buying returns from Walmart this way: first, everything is auctioned starting at $1 and sells to the highest bidder. This means the winner of every lot has named their own price! Second, you are truly buying directly from Walmart. This means there are no middlemen trying to make a profit by either marking up the prices or cherry-picking the best items out of each lot. You simply get the unsorted returns just as they come in and get palletized by Walmart. In addition, you get a full manifest of every item in the lot. The manifest will include the reason for return on every item brought back to Walmart.
How to Buy Walmart Returns Common items sold on Walmart Liquidation Auctions include TVs, electronics, furniture, bikes, appliances, apparel, and more. Almost anything found at a Walmart may be available in bulk on their auction site! When you get to the auction site, you can find lots up for bid that range from a pallet, LTL (less-than-truckload) up to a full truckload of merchandise.
To buy inventory from Walmart’s official online liquidation marketplace, you will need a registered business and a resale certificate. This allows you, the res..
Facebook Marketplace, the big kahuna, is a huge marketplace for reselling. With 2.8 billion active Facebook users, you can only imagine the power their marketplace holds. We cover the basics of using this platform, as well as pros and cons so you can decide how you will leverage Facebook Marketplace for your resale business.
The Basics of Facebook Marketplace You can just as easily find cars and gardening equipment for sale as you can find the latest iPhone, Nintendo Switch, drone model, or KitchenAid Mixer. Yes, it’s that diverse. This marketplace can be an asset for your resale business and works for just about any category. Even for those online reselling businesses, you can find quick inventory options on your local Facebook Marketplace and then resell that literally anywhere else.
Another popular option to resell online is listing items on Facebook Marketplace. Think of this like having a yard sale on social media so all of your friends and others in the area are able to see your goods. This is good for those living in cities or populated towns. A few notable perks of Facebook Marketplace is: The process is straightforward and easy to navigate. Plus, it’s totally free to resell your items and the promotion is already built-in. However, do consider the following when posting on Facebook Marketplace: The site is run by volunteers so help isn’t always reliable. And buyers don’t necessarily want to pay full price for a listing so haggling is normal on this site.
Facebook Marketplace + Your Resale Business There are many ways you can utilize Facebook Marketplace for your resale business. Here are just a few highlights:
Buy and sell pallets of goods Inventory sourcing is a big part of running your business. As a seller, you want to make sure you have a steady supply of inventory to list and sell. You might find some hidden treasures on Facebook Marketplace that you can easily flip or resell yourself. If you’re in the home goods category, this is extremely common ..