Cost-effective transactions on ZkSync: introducing FileMarket “Flames” 11969

The Bitcoin whitepaper recently celebrated its 15th anniversary, and it poses an interesting question: What can you legally purchase with cryptocurrency since its inception? The most typical acquisitions include investment products, decentralized finance services, and various crypto assets. However, there’s a growing recognition for Real World Assets like real estate, commodities, art, and even US Treasuries—tangible assets that exist physically. Despite this, digital goods in the realm of Web 3.0 are often overlooked, with few platforms dedicated to this emerging market.

The mantra of digital ownership: Not your key, not your data

Enter FileMarket, a peer-to-peer platform designed for the trade of digital goods within Web 3.0. It aims to be a decentralized alternative to platforms like Gumroad, addressing the pain points of high fees, geolocation-based restrictions, censorship, and privacy concerns that both sellers and buyers frequently endure.

FileMarket is pioneering new methods for trading digital content within Web 3.0. It enables users to monetize their valuable creations—be they books, templates, checklists, educational courses, code, 3D models, music samples, or fitness guides. This is all facilitated by the Encrypted File Token (EFT) protocol, an innovative on-chain solution for unlockable content management—effectively ending the era of “right-click-save” NFTs. It leverages perpetual storage solutions like Filecoin and IPFS, turning your crypto wallet into a ‘My Documents’ folder. Tokenizing files paves the way for immediate market access to EFTs and adds extra value by establishing new rules for the digital economy.

Bridging the gap: File tokenization and Web3 enthusiasts

The significance of file tokenization might not be immediately apparent to the average Web3 enthusiast. Nevertheless, it is clear that early adopters are eager to capitalize on incentives from tier 1 projects like ZkSync. To harmonize these interests, FileMarket introduces on-chain Flames (Likes) — a feature that benefits everyone. The lower transaction costs will appeal to retro drop enthusiasts and highlight the importance of this new protocol. Goods that receive more likes will gain prominence on the platform, and the active participation of users in reviewing and liking digital products will lay the groundwork for seller reputation and future airdrop distributions.

Currently, the platform is actively engaging creators who are keen to sell their digital goods, offering a transparent system complete with royalties and a secondary market. Instant rewards are available for those prepared to upload substantive items — whether that’s Databases (OSINT), Valuable contacts (OSINT), Custom emojis, Top 10 lists, Cryptocurrency tips, or anything else of value — and who bring along their audience. Additionally, referrals are rewarded, providing immediate incentives for every new creator who joins the platform.

Product link: https://filemarket.xyz/

News about the release of the cheapest ‘like’ transaction in ZkSync in the official X account:

https://twitter.com/FileMarket_xyz/status/1726542879152312400
Discord: https://discord.gg/filemarket
Telegram: https://t.me/FileMarketChat
LinkedIn: https://www.linkedin.com/company/filemarketxyz/
DeBank: https://debank.com/official-account/111822

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Three Protocol Launches $THREE Token: The Foundation of Decentralised Marketplaces 7651

Three Protocol, the first project incubated by Tectum, announces the highly anticipated launch of its native token, $THREE. The protocol’s vision is to deliver a series of decentralised marketplaces to open digital commerce to the world, including the unbanked, debanked, and privacy enthusiasts. $THREE is at the heart of these marketplaces.

$THREE will be used across the entire Three Protocol ecosystem. It will be used for payments and purchases, facilitating access to services and products without central oversight or geographical barriers. All aspects of Three Protocol are built on blockchain technology, including their decentralised identification (powered by zk-SNARK), neural network AI, and tri-sig DAO capabilities.

As $THREE launches, Three Protocol takes another step closer to delivering their series of ambitious decentralised marketplaces and financial inclusivity for huge segments of the global society. The tokenomics model is designed with the community in mind. It aims to encourage participation and has significant market liquidity thanks to the fair and equitable distribution.

Key features of the $THREE token include:

  • Market Liquidity: 75% of the supply is earmarked for market liquidity. The team is building for the community, and this liquidity will encourage trading activity while maintaining price stability.
  • Team Allocation: 15% allocated to the team with an 18-month vesting period.
  • Staking Opportunities: 10% dedicated to staking, allowing long-term token holders opportunity for revenue generation.

Starting with Jobs3, the $THREE token will be used across the various exchanges. Jobs3 is the flagship marketplace brought by the Three Protocol team, with a further 4 marketplaces featuring on the roadmap. That includes a decentralised version of eBay, Uber, Autotrader, and food delivery.

Alongside the marketplaces, Three Protocol has unveiled a comprehensive roadmap outlining key milestones and development initiatives:

  • May: Launch of the $THREE token on Uniswap with the $THREE/wETH trading pair.
  • June: Introduction of $THREE token staking, enabling token holders to earn rewards while contributing to network security.
  • July: Technological enhancements to the Jobs3 platform, including the Neural Network AI integration for improved job-matching algorithms and prompt-based search capabilities.

The Three Protocol team has been working on this project for the last 3 years and remains committed to both transparency and accountability, not least through their fully doxxed team and KYC. The smart contract and token passed with a perfect score when audited by Cyberscope. With the support of the Tectum team and the infrastructure they provide, Three Protocol will quickly reach the broader community and deliver their vision of decentralised marketplaces for all.

To participate in the $THREE token launch and learn more about Three Protocol, visit https://www.threeprotocol.ai/.

About Three Protocol:

Three Protocol is delivering a shift towards inclusivity and privacy in digital commerce. They are providing the opportunity for users to freely earn and spend without central oversight from CBDCs and fiat systems. Three Protocol is building for the unbanked, the debanked, the privacy-conscious, and blockchain enthusiasts. With $THREE at its heart, Three Protocol is poised to deliver freedom-giving, privacy-conscious decentralized marketplaces.

MetaComp Announces Strategic Partnership with Harvest Global Investments to Explore Bringing HK-Listed ETFs to Investors in Singapore and Beyond 7927

MetaComp Pte Ltd, a leading Monetary Authority of Singapore (MAS) licensed Singapore fintech company that specializes in blockchain technology and digital assets, and its affiliates (collectively referred as MetaComp), is proud to announce a strategic partnership with Harvest Global Investments Limited (HGI), a leading asset management company licensed with the Securities and Futures Commission of Hong Kong. HGI is among the pioneering Chinese asset management firms to establish subsidiaries abroad. The Memorandum of Understanding executed between MetaComp and HGI marks a significant step towards potentially broadening the accessibility of innovative financial products globally with special emphasis on the recently announced cryptocurrency spot ETFs which will be expected to start trading on the Hong Kong Stock Exchange from 30 April 2024 onwards. This follows the announcement by HGI that they have received authorization from Hong Kong’s Securities and Futures Commission to launch the highly anticipated cryptocurrency ETFs.

The core of the partnership revolves around MetaComp and its affiliates’ commitment to make HGI’s cryptocurrency spot ETFs available, through MetaComp’s proprietary Client Assets Management Platform, also known as CAMP by MetaComp, utilizing its technological and market expertise to introduce these products under the appropriate regulatory framework to Singapore investors and beyond. This initiative not only aims to expand the global footprint of HGI’s ETFs but also allows MetaComp and its affiliate to enrich its wealth solution portfolio with highly sought-after financial products.

In addition to the crypto-ETF distribution, the collaboration will also explore opportunities for the integration of HGI’s various asset management solutions into MetaComp’s service offerings. MetaComp will also provide HGI access to its Digital Payment Token suite of services. Through the strategic collaborative efforts by both companies, they are hoping to forge a symbiotic relationship that will allow both companies to leverage on their strengths.

The alignment with HGI allows MetaComp to tap into the scale and expertise of a leading global financial player, significantly enhancing its service capabilities and market reach. This partnership is designed to serve not just the existing clientele of both entities but also to capture new segments eager for advanced financial solutions across traditional finance and crypto finance.

Dr Bo Bai, Chairman and Co-Founder of MetaComp shared: “This strategic alliance with Harvest Global Investments Limited reaffirms MetaComp’s commitment to being the bridge that links traditional finance with crypto finance. We are confident that our partnership with Harvest Global Investments Limited will prove to be mutually beneficial. With Harvest’s expertise in asset management and MetaComp’s robust capabilities in providing a comprehensive suite of digital payment solutions, we are poised to deliver unparalleled value to our clients and the market.”

For more detailed information on this partnership and to stay updated on future developments, please visit www.mce.sg.

About MetaComp Pte Ltd (www.mce.sg)

MetaComp is a leading Singapore-based digital asset platform that is licensed and regulated by the Monetary Authority of Singapore (MAS) under the Payment Services Act 2019. Operating under a P2B2C (platform-to-business, partners-to-clients) model, MetaComp provides an integrated end-to-end suite of services to its clients, empowering them to confidently enter the digital asset market with the much-needed safety, security, and compliance. Together with its parent company, Metaverse Green Exchange Pte. Ltd. (a MAS-licensed CMS holder permitted to carry out, inter alia, brokerage and custody services), MetaComp introduces its suite of services through CAMP by MetaComp, a regulated Client Assets Management Platform, allowing businesses to develop and scale their digital asset offerings through OTC and exchange trading services, fiat payment, digital asset custody and prime brokerage.

Covalent Achieves Rapid Token Buyback Growth, Surpassing $100K in Three Months 9061

Covalent has reported a significant growth in its token buyback program, buying +$100,000 worth of CQT from the open market since the launch in late January 2024. The mechanism utilizes revenue generated from Covalent’s API usage to purchase tokens, significantly enhancing the utility and value of the CQT token while fostering a sustainable ecosystem. Tokens accumulated through Covalent’s revenue mechanism will be awarded to network operators, effectively meeting the evolving demands of Web3 and fostering growth across innovative areas such as AI, DeFi, analytics, and governance.

Bringing Revenue Onchain to Support Long-Term Data Availability

The growth of Covalent’s onchain revenue mechanism plays a crucial role in reinforcing verifiable operations for the Ethereum ecosystem with a network of operators. Operators initially stake CQT and contribute data infrastructure, which ensures secure, historical, and verifiable access to blockchain data. This not only supports the network’s growth—but also underscores Covalent’s commitment to enhancing the infrastructure for the Ethereum Wayback Machine (EWM).

Covalent’s Onchain Revenue Mechanism

Network operators within the Covalent ecosystem play a critical role by performing cryptographic computations to establish a reliable and verifiable repository of historical blockchain data. Their contributions extend beyond data integrity to include testing, governance, and efforts to enhance the network’s reliability and scalability. With the goal of continuously bringing consistent offchain revenue onchain, Covalent is primed to utilize this mechanism to support the ongoing functionality of the CQT token in staking and governance.

During this initial phase, Covalent has witnessed over $100,000 worth of CQT being brought onchain. With steady growth in business revenue expected over the coming months, Covalent is projected to hit $180,000 worth of CQT through the token buyback program by the end of Q2– which will be distributed to operators as a network utility token, circulating back into the ecosystem and sustaining the network.

The introduction of the onchain revenue mechanism through token buybacks has a twofold impact on Covalent’s ecosystem. It strengthens the financial foundation of the network, enhancing its ability to fund operations and expand services without relying solely on external funding sources. Furthermore, this revenue mechanism enhances the intrinsic utility of the CQT token, aligning stakeholders’ interests with the long-term health and success of the network.

Looking Ahead: Sustainable Growth and Network Expansion

As Covalent prepares for the rollout of significant advancements, including the introduction of Olympic Light Client Operators later this year, its sustainable revenue model will be vital in supporting these innovations. With the network currently serving over 280 million wallets, this revenue mechanism is a major part in ensuring that Covalent remains dedicated to its core principles of decentralization and transparency, paving the way for continued utility of the EWM and Covalent’s long-term data availability.

About Covalent

Covalent (CQT) is shipping data infrastructure for the decentralized ecosystem, solving Long-Term Data Availability for Ethereum—infrastructure that can re-execute blobs and shape AI. With CQT staking now back on Ethereum, The New Dawn of network expansion towards the Ethereum Wayback Machine commences. Today, this means AI use cases have unfettered access to onchain data from over +225 blockchains and growing.

Trusted by Fidelity, Rainbow Wallet, Jump Crypto and more.

CeDeFiAi: Revolutionizing CeDeFi with unmatched security and seamless Ilintegration 9300

In the rapidly evolving world of cryptocurrencies and decentralized finance (DeFi), CeDeFiAi emerges as a trailblazer, addressing the industry’s most pressing challenges head-on. By offering a comprehensive suite of non-custodial tools and services, CeDeFiAi is poised to redefine the way users interact with their digital assets, bridging the gap between centralized finance (CeFi) and DeFi like never before.

At the heart of CeDeFiAi’s innovative platform is a commitment to addressing the fragmentation problem that has long plagued the crypto industry. By consolidating a wide array of blockchain networks, decentralized exchanges (DEXs), decentralized applications (dApps), and centralized exchanges (CEXs) under one roof, CeDeFiAi provides a unified, user-friendly experience that simplifies asset management and tracking.

CeDeFiAi’s platform is built upon the foundational principles of decentralization and user privacy. By utilizing cutting-edge Web3 login technology, CeDeFiAi ensures that users retain complete control over their funds at all times, eliminating the need for a third-party custodian. This approach not only enhances security but also empowers users with the freedom to manage their assets as they see fit.

In addition to its non-custodial approach, CeDeFiAi offers a comprehensive suite of CeDeFi tools that cater to both novice and experienced investors. From investment aggregators and pro trading terminals to multi-sig asset management and crypto lending solutions, the platform caters to a wide range of needs, fostering a more competitive ecosystem and driving further adoption of cryptocurrencies.

CeDeFiAi’s commitment to security extends beyond its non-custodial approach, with the platform employing state-of-the-art encryption and security protocols to safeguard users’ data and assets. This robust security framework ensures that users’ assets remain safe and secure, instilling confidence in the broader cryptocurrency ecosystem.

Furthermore, the integration of multiple chain opens up new avenues for seamless asset tracking and management, further cementing CeDeFiAi’s position as a leader in the crypto management space. As the platform continues to evolve and innovate, it stands as a shining example of the potential for DeFi to transform the financial landscape, offering users unprecedented control, security, and flexibility in managing their digital assets.

Investors looking to be a part of this exciting journey can do so by investing in the CeDeFiAi token (CDFI). The CDFI token not only offers a means to access CeDeFiAi’s cutting-edge platform but also represents a unique investment opportunity in the rapidly growing DeFi space. As the platform continues to evolve and innovate, the value of $CDFI is poised to grow, driven by increasing adoption and utility within the ecosystem.

In conclusion, CeDeFiAi represents the perfect marriage of security, user-friendliness, and comprehensive DeFi tools, all under one roof. Its commitment to addressing the fragmentation and security challenges faced by the industry makes it a beacon of hope for both novice and experienced investors. As CeDeFiAi continues to grow and evolve, the $CDFI token stands as a testament to the platform’s potential to redefine the digital asset management landscape. Don’t miss your chance to be a part of this exciting journey – invest in $CDFI and join the future of digital asset management.

Galxe Rolls Out GAL Staking with $5M Rewards Pool, Unlocking Exclusive Rewards through Galxe Earn 9569

Galxe, the leading web3 infrastructure and digital credential network, today announced the launch of GAL Staking, a new feature that grants users the ability to unlock exclusive rewards through Galxe Earn, a platform transforming how airdrop campaigns are conducted by offering smarter, precision-targeted airdrops.

Through GAL Staking, users gain access to Galxe Earn, utilizing their staked GAL tokens to participate in unique airdrop campaigns. This integration creates a dynamic synergy between staking and reward mechanisms, offering over 18 million active participants a more engaging and directly beneficial way to interact with the ecosystem. Powered by Galxe Quest, Galxe Earn enables direct engagement between projects and stakeholders such as token holders, NFT collectors, and social media followers. It allows projects to offer exclusive rewards, including whitelist spots and gated access to airdrops, thus enhancing engagement and extending the ecosystem’s reach.

“GAL Staking is a long-awaited addition to the Galxe ecosystem, designed to enhance how our community interacts with and benefits from our platform,” said Harry Zhang, co-founder of Galxe. “By staking GAL, users unlock access to the rewards pool through Galxe Earn and may potentially gain crucial voting rights in our governance system. This empowers them to directly influence strategic decisions and actively shape the evolution of Galxe. Our commitment to integrating substantial user incentives with profound governance roles exemplifies our dedication to fostering a truly decentralized and user-driven ecosystem.”

Exclusive Rewards and Strategic Partnerships

The genesis rewards pool of Galxe Earn includes major collaborations with Arbitrum, Polyhedra, and Merlin, distributing rewards close to $5 million in total. This initiative enhances user engagement by providing access to whitelist spots and gated airdrops, further supported by Galxe Quest, the leading platform for building web3 communities.

Seamless Staking Experience

The GAL Staking interface on Galxe’s website offers a user-friendly dashboard that presents essential information such as the total GAL staked, individual wallet addresses, and detailed staking activities. This interface allows users to easily engage with the platform by staking or unstaking GAL tokens, ensuring a flexible and informed staking experience. The dashboard is designed for simplicity, enabling users to monitor and manage their staking history and current status effectively.

This intuitive staking experience enhances user engagement by simplifying the staking process and ensures that participants can make informed decisions based on comprehensive, real-time data, reinforcing Galxe’s commitment to transparency and user empowerment in the evolving web3 space. For detailed instructions on how to participate, visit our Step-by-Step: GAL Staking guide.

Decentralized Community Engagement & Governance Upgrade

In conjunction with GAL Staking, Galxe is proposing a significant enhancement to its governance model. This proposal, if approved, would transition voting rights exclusively to GAL stakers, further democratizing the platform’s decision-making process. This change aims to deepen community engagement by ensuring that those who are actively participating and staking GAL have a more substantial influence over the strategic direction of the platform.

The proposal for this governance upgrade is now live, and Galxe encourages all stakeholders to participate in the discussion and vote. Interested parties can find more information and join the governance discussions at the Galxe Governance Forum. This initiative highlights Galxe’s commitment to fostering a participatory environment where community input drives growth and innovation.

About Galxe

Galxe is the leading web3 infrastructure and digital credential network, empowering seamless web3 experiences through modular AI, digital identity, and blockchain technologies. Central to the ecosystem, the Galxe Identity Protocol provides a foundational layer for secure and self-sovereign digital identity management. Alongside the protocol, Galxe’s product suite–Galxe Quest, Galxe Passport, Galxe Score, and Galxe Compass–supports the development of the next generation of web3 applications. With a vibrant community of over 18 million active users and partnerships with 4,900 brands, Galxe has proven itself as a pioneer and leader in digital identity solutions, fostering community growth, and enhancing user engagement. Dedicated to making web3 accessible to all, Galxe serves end-users and developers worldwide.

Spotrade.net analysis: A Trusted Destination for Unbiased Insights into Crypto and Forex Trading 9841

The evaluation of Spotrade.net review demonstrates that under the guidance of Russel Hengton, it’s poised to become a leading authority in crypto and forex trading. Russel Hengton’s leadership has positioned Spotrade as a frontrunner in these markets, aiming to redefine the landscape of independent product evaluations and expert recommendations. It aspires to be the go-to online hub for consumers seeking genuine insights into a wide array of products and services related to crypto and forex trading.

In today’s overwhelming sea of options, Spotrade.net review stands out as a beacon of clarity. With a wealth of unbiased, meticulously researched insights, the site covers everything from cutting-edge technologies to innovative strategies, catering to diverse trader interests.

“Our vision with the launch of Spotrade.net review is to empower traders with accurate, comprehensive insights they can rely on,” said Russel Hengton, the CEO and Founder of Spotrade. “We’re dedicated to being a trusted ally in the trader decision-making process, providing insights that help users navigate the dynamic world of crypto and forex trading. Our commitment lies in delivering sincere, unbiased evaluations that stand out in today’s marketplace.”

The strength of Spotrade.net review lies in its rigorous evaluation methodology. Products undergo scrutiny by seasoned traders, focusing on essential aspects such as performance, reliability, and overall value. The platform’s unwavering commitment to honesty and transparency in every insight cements Spotrade.net review as a trusted name in the trading sector.

Beyond product assessments, Spotrade offers informative guides, educational articles, and the latest industry updates, ensuring traders are well-informed about market trends. Whether it’s new crypto technologies or forex trading strategies, Spotrade.net review provides comprehensive and candid insights users can rely on.

As the digital landscape evolves, Spotrade remains steadfast in providing trader guidance. With its user-friendly interface, extensive coverage, and dedication to impartial insights, Spotrade.net review is set to become the ultimate online destination for traders seeking reliable product insights and savvy trading advice.

Spotrade.net review is an innovative online platform committed to delivering unbiased, detailed insights into crypto and forex trading. Focused on quality and trustworthiness, Spotrade.net review is poised to become an indispensable tool for traders navigating the dynamic world of trading.

Website: https://Spotrade.net