Tip Coin will launch TipChat on October 23rd
On October 16th, Tip Coin, a Web3 social application, tweeted that TipChat will launch on October 23rd and will undergo a comprehensive review before launch.
Web3 AI social infrastructure platform Pop Social announced the economic model, of which 6 million PPT will be used for airdrops
Web3 AI social infrastructure platform Pop Social has announced its economic model, with a total supply of 200 million PPT. The breakdown is as follows:
- 60 million will be used for foundation reserves. The use of foundation reserves will be decided by the community and team through governance voting, for market operations, marketing, and partnerships. Funds will also be allocated for LP operations, to provide liquidity and reduce volatility;
- 10 million will be used for strategic rounds to fund development and operations, community incentives, partnerships, research, and development. Similarly, 30 million will be used for the development team. The development team will retain 15% of the tokens to reward early contributors to Pop and founders. These tokens will help the team improve the protocol with the entire Pop community. These tokens will be locked for the first six months and then gradually released over 36 months;
- 4 million will be reserved for advisors to reward those who help Pop establish strategic partnerships, fundraising, and creator relationships within the Pop ecosystem;
- 6 million will be strictly reserved for airdrops to reward early users and provide flexibility for project operations;
- The Pop treasury will receive 4,594,286 tokens. The Pop treasury is the self-sustaining basis of the Pop platform's social economy, collecting all platform fees, revenue, and token consumption, and then issuing more tokens after the initial token issuance period ends.
- The remaining PPT supply will be allocated as follows: Launchpads/IDO (5,405,714 tokens), and market-making (10 million tokens).
Previously, Pop Social completed a $4 million seed round and strategic round financing, with participation from Chainlink, among others.
Report: Web3 platform lost nearly $23.4 million in August alone
According to a recent report by Immunefi, Web3 platforms suffered losses of over $1.2 billion between January and August 2023. In August alone, Web3 platforms lost nearly $23.4 million. Interestingly, the surge in losses in August was mainly due to projects hosted on the newly launched Ethereum Layer2 Base network.
Controversies in the functional layer of modular blockchain and new perspectives on DA economics.
The future development of Web3 will be a 'modular blockchain' where there are numerous modules to choose from, but there is potential for blind box risks between different modules. This article explains the current controversies in different functional la
New Future of Web3 : Breaking the Mold for User Engagement
The Web3 era demands innovation that resonates with our deepest desires - a craving for belonging, seamless community fusion, and genuine respect. We're embarking on an entirely fresh narrative.
Consensys acquires SMG to advance its Web3 plans
Consensys announced the acquisition of Special Mechanism Group (SMG), a renowned design firm focused on blockchain microstructure research. SMG will become a division of Consensys and continue to operate under the name SMG, providing the most advanced mechanism design for Web3 users, builders, and enterprises.
Beldex Raises $3M in Funding for Development of Private Web3 Environment
Beldex, a hub for privacy ecosystem based in Mahe, Seychelles, has secured $3 million in funding from Block Alpha, a transparent and collaborative Web3 market maker. The investment will be used for research and development of Beldex's blockchain infrastructure and ecosystem. Beldex, led by Chairman Afanddy Bin Hushni, is committed to developing a private Web3 environment that protects user data and identity in the digital domain, as evidenced by its extensive Web3 ecosystem that includes BChat, BelNet, the Beldex browser, and its privacy protocol.
DappRadar: Web3 gaming projects received $600 million in funding in the third quarter
According to a report by cryptocurrency data company DappRadar, Web3 gaming projects raised $600 million in funding in the third quarter of 2023, bringing the total investment for the year to $2.3 billion. Although 2023 is not yet over, this $2.3 billion in funding so far is only equivalent to 30% of the total funds raised last year. DappRadar found that most of the cryptocurrency gaming funding in the last quarter went to game-centric investment companies. This indicates that venture capital firms and their various accelerators and funds will continue to be the main source of startup funding for emerging blockchain gaming studios.
BlackRock Files Legal Complaint Against 44 Domains Allegedly Using Its Name for Scamming Tactics
BlackRock, a major investment firm, has taken legal action against the owners of 44 internet domain names that contain keywords such as "Blackrock", "Aladdin", "capital", "crypto" and "investments". The company claims that these domains were registered in bad faith to profit from consumer confusion and divert traffic through tactics such as pay-per-click ads, malware and email phishing attacks.
Huangpu District, Shanghai: Introduce High-Quality Enterprises Such As Blockchain and Provide Support After Identification
The Shanghai Municipal Government has issued the "Supporting Measures for Grasping the Trend of Science and Technology Returning to the City and Accelerating the Improvement of Science and Technology Development Level in Huangpu District".
