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    In the Evolution of DeFi and NFTs: KoKoSwap is Launched Malta, 5th May, 2021. Respectively, DeFi (decentralized finance) and NFTs (non-fungible tokens) have undergone unprecedented growth over the past few months. Since the start of this year, DeFi has already grown over 5 times in terms of total value locked from $15 billion in January, to approximately $77 billion by May, 2021. The NFT space on the other hand has undergone a 25x increase in trading volume from January 2021, to date. With these adaptations in the industry leading to a global mass adoption of the DeFi and crypto space, KoKoSwap brings a one-stop solution for anyone enthusiastic about DeFi gaming and the NFT space. In essence, it provides a decentralized platform for the users to fulfill their NFT-related demands through trades and games while experiencing modern financial activities such as staking and swapping. The KoKoSwap ecosystem is an inclusive economy solution, run by its native token, KOKO. The KOKO token is a utility token that can be used with features provided on the platform. KOKO also acts as a governance token. To make the platform truly decentralized, KoKoSwap allows certain token holders to participate by voting in the key decisions of the platform. Features of KoKo in the ecosystem include the following: KoKoAvatar, the NFT platform is based on one of the most sustainable cases of NFTs, role-playing games, that will tokenize the in-game assets of the MMORPG game. Including approximately 5000 accessories in the game, skins, and limited-edition merchandise, that can be represented as rare collectibles. KoKoStake, the staking platform, allowing users to stake Ether or KOKO tokens and earn significant APY. KoKo requires a minimum of 1 year for staking, and the program will run for 2 years. KoKoArcade, the decentralized NFT gaming marketplace which acts as the most ideal meeting ground for gamers and developers on a distributed network. KoKoFantasy, a fantasy league platform facilitating fantasy sports. About KoKoSwap KoKoSwap is an ecosystem that aims to synergize the DeFi and NFT spaces. With the inclusion of games, rare in-game NFTs, and staking capabilities, KoKoSwap provides a comprehensive ecosystem for the modern user to leverage the core features of DeFi and NFTs, experiencing higher yields in an entertaining and interactive way.  Disclaimer: This is a sponsored press release, and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice. 

    mt 06 May
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    Alkimi To Build First Decentralized Ad Exchange On Cons... Alkimi Exchange will be building the first decentralized ad exchange powered by Constellation Network's Hypergraph Protocol. It will be using the L_O token standard - a highly scalable ledger using a distributed Directed Acyclic Graph (DAG) architecture. The team revealed Alkimi's involvement on Twitter: "Big thanks to @AlkimiExchange for taking part in today's #HypergraphHour. We are so excited to revolutionize the digital ads industry together as they launch one of the 1st L_0 tokens & state channel businesses on the #Hypergraph Protocol." Constellation launched its Project Submissions program last week and opened applications for developers interested in building on Constellation's Hypergraph.  Alkimi And Hypergraph Constellation’s L_0 token standard is compatible with existing digital infrastructures. This compatibility allows the network to disrupt entire industries and enable developers to integrate blockchain technology into existing digital infrastructure.  This ensures faster speed and more scalability than traditional blockchain protocols. Constellation received over 40 submissions in the first few days, and Alkimi will be one of the first L_0 tokens and state channel businesses to be launched on the Hypergraph Protocol. Alkimi is shifting paradigms by building on Hypergraph. Users are required to stake Constellation's native token, DAG, during the development process, ensuring enough bandwidth to support real-time bidding (RTB) trading of digital ad impressions.  A Unique Way To Support Projects The project will enable cross-chain liquidity between other ecosystems and secure the network's utility on Hypergraph. This is a transformation to how projects are backed, as few projects require the staking of utility tokens. Ben Jorgensen, CEO of Constellation, claimed: "We are excited to support Alkimi Exchange migrate the entire digital advertising industry to be decentralized. The digital advertising industry has been around for nearly 30 years and this is the most disruptive business I can imagine. The Constellation Network is the only network built to handle the speed and security of digital advertising." Constellation To Be Ubiquitous In All Industries Alkimi is one of the many companies that will be building on the Hypergraph. Constellation makes way for future projects to build with them by focusing on integration compatibility with existing infrastructures and new methods to fundraise.  Constellation and Alkimi will redefine the way blockchain and other industries function. It aims to benefit consumers and stakeholders by providing a simple way to build an on-chain business, thus bridging the gap between the real and digital world.  Neil Bruce, CCO of Alkimi Exchange, said he was blown away by the support the team at Constellation offered and is excited to show what his team has been working on. He further added, "Once we discovered Constellation, we realized that the Hypergraph was the only way to solve the problems facing our industry - from undisclosed margins, to fraudulent inventory and complete audibility of the supply chain."  About Constellation Constellation Network Inc is a decentralized network and ecosystem. It enables seamless and secure communications between big data infrastructure and interoperability between blockchains. Hypergraph is their distributed network, through which Constellation enables fast, zero trust, scalable solutions. Constellation helps improve data integrity, security, and speed, as it uses the DAG network and mathematical proofs. Their clients include the US federal government, among other enterprises. About Alkimi Exchange Alkimi Exchange aims to bring the benefits of decentralized networks, DeFi, and rewards to programmatic advertising. The founders of the exchange are veterans of the advertising industry who have seen most of the $340 billion industry go to waste due to inefficient technologies. Alkimi, in its partnership with Constellation, will disrupt the billion-dollar advertising industry by creating a cheaper and efficient ecosystem where all participants will work towards a fair value exchange model of operation. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

    06 May
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    The 2009 Viral video “David After Dentist” to be Auctio... Florida, United States, 6th May, 2021. The YouTube video sensation that went viral in 2009 of David DeVore at the dentist, is being auctioned off as a non-fungible token (NFT) on the NFT platform, Foundation. The auction will start at 1:00 PM PST / 4:00 PM EST on the 6th of May, this will be a 24-hour auction with the bids starting at 1 ETH, currently valued at a little over $3,400 USD. To date, NFT sales have exceeded $2 billion USD, with twice as many buyers as sellers, paving the way for the next wave of mass adopters. The YouTube video of David DeVore in the car after the dentist is an early meme culture classic, with the sales of meme NFT’s surpassing $2 million USD since February. Recently, there have been other memes sold on NFT platforms for significant sums. The NFT auction will give buyers an opportunity to own a piece of entertainment history that received over 140 million views, and featured on The Today show, The Tyra Banks Show, Fox News, and Forbes. This video was posted during the dawn of the social media age, when people shared everything about themselves on Facebook on a regular basis. David DeVore has also mentioned that he is unsure of whether or not he will be creating another NFT in the future. Therefore, this NFT will be his single, one-of-a-kind, exclusive piece of internet history, that will essentially be sold to the highest bidder, within 24 hours of the launch. “We’ve dabbled in crypto during quarantine, and we came across NFTs because of that,” David mentioned in an interview. “David After Dentist has been an amazing ride since 2009, so why not?” "Foundation is a platform that fosters all kinds of creators, and we're thrilled to see the original arbiters of memes and internet culture finally find recognition in the NFT space." Lindsay Howard, Head of Community, Foundation. About Foundation  Foundation (http://foundation.app) helps creators mint and auction their digital artworks as NFTs on the Ethereum blockchain. As collectors bid, they fuel a new system of value for online expression. Foundation bridges crypto and culture to create mutual support between artists and collectors. We’re forging a community-driven path, providing culturally pioneering curation and sharing our tools with the rapidly evolving community of developers who are excited to define this future with us. Since launching in February 2021, creators have directly earned over $40M in NFT sales on Foundation overall, and over 425 artists have earned more than $12,000. There are more than 5,000 unique bidders on the site. Real-time updates on our fast-growing market live in the Foundation terminal.  Disclaimer: This is a sponsored press release, and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice. 

    pm 06 May
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    Vorto Gaming AB Receives NEAR Foundation Grant, Set To ... Vorto Gaming AB, the developer team behind Vorto Network’s blockchain-enabled gaming app, has received a grant from the NEAR Foundation to help develop its blockchain gaming app on the NEAR protocol.The grant provides Vorto Gaming AB with 25,000 NEAR tokens and an additional US$10,000, for a total of about $140,000 in support of the project. The two blockchain firm’s partnership commences alongside the grant, with Vorto Gaming scheduling deployment of its Vorto Network Minimum Viable Product (MVP) on NEAR Protocol.NEAR Protocol is a climate neutral open source platform for decentralized application development. It is a public, sharded, and proof-of-stake layer 1 blockchain, working as a community-run cloud platform. The NEAR Collective currently runs and maintains the protocol, and is actively pursuing development of usability environments for both developers and end-users.Vorto Network, built by the Vorto Gaming AB team based in Sweden, is a dedicated ecosystem and marketplace built for gamers which enables gamers to generate value as they play with its play-to-earn model, powering an economy of game items and services based on how much time they spend on games. It is currently backed by Consensys and Yang Bing Kok, an investor of Coinmarketcap and Binance, as well as other notable angel investors in the video game industry.“It’s undeniable that blockchain gaming, despite its promise and excitement, has seen slow adoption in recent years,” shared Vorto Gaming CEO Kristaps Vaivod. “We think there are two main reasons for that: bad UI and UX, and an unscalable blockchain infrastructure. We solve for the former, while NEAR for the latter,” Vaivod added.Vorto’s user-friendly interface allows users to play their desired games even without connecting to an external crypto wallet for fees. The platform allows the resale value of game items to either be maintained or rise as it gets available among collectors.“NEAR Protocol is made for developers just like Vorto Gaming,” said NEAR Foundation CEO Erik Trautman. “NEAR provides abstractions to hide as many of the underlying scalability solutions as possible, offering a high-performance sharded blockchain that preserves the build-test-deploy simplicity of a traditional development platform,” Trautman continued.Vorto Network is currently developing its blockchain gaming hub on top of NEAR’s Rainbow Bridge. The blockchain gaming firm is also currently developing its flagship game, Hash Rush, to showcase the performance and interoperability that NEAR enables for its platform.This tokenization of game assets and items allows for interoperability with other marketplaces and blockchains that are compatible with Vorto Network’s codebase. Its integrated marketplace hosts gaming assets from games registered to the Vorto ecosystem, all of which are represented through blockchain-based non-fungible tokens (NFTs).Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.   

    se 06 May
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    Dhedge gains $650,000 investment from five major daos mStable, Horizon Finance, Maple Finance, InsurAce, and Perpetual Protocol, five major DAOs have invested in dHEDGE. DAOs that had previously invested in the protocol -The LAO, dHEDGE DAO, and Synthetix DAO - have shown impressive statistics with performance above 100% in under six months. dHEDGE announced the news on Twitter: “BIG NEWS! 5 Major DAOs Investing in dHEDGE dTOP index. @mstable_ @Horizon_Fi @maplefinance @insur_ace @perpprotocol. Combined will be investing $650k!” These DAOs have all committed to invest part of their treasury on the dHEDGE platform starting now.  dHEDGE DAO Encourages Diversification mStable and Perpetual Protocol have invested $200,000 each, Horizon Finance and Maple Finance have invested $100,000 each (Maple’s investment is subject to final ratification), and InsurAce has invested $50,000. DAOs can benefit from true diversification. Investors at dHEDGE can benefit from zero slippage of synthetic assets, both long and short. The available assets on dHEDGE are beyond crypto: they include assets like equities, commodities, FX, etc. These are some of the largest asset classes in the world available on the DAO. Introducing dHEDGE Top Index (dTOP)  Some DAOs don’t prefer to manage a pool by themselves actively. Such DAOs can gain exposure through an actively managed index, dTOP. It acts as a form of exposure to an actively managed index. dTOP as a form of exposure has recently attracted a venture fund SevenX Ventures to invest $ 100000. dTOP is a tokenized index that mirrors the best traders on dHEDGE. It crowdsources the best managers and ranks them based on risk-adjusted returns. Exposure to the best traders is thus guaranteed through one ERC-20 token. The score that dTOP ranks managers reflect a value-weighted risk-adjusted return measure called Sortino Ratio. dTOP lists ten pools with the highest rank at the end of each month and displays them on the dHEDGE Leaderboard. Each pool has a weighted index relative to its score. dTOP is managed by a bot that tracks pools in the index, along with each of their underlying exposures. The bot also pays the gas for all the rebalancing it does. The performance fees are shared with managers of the pools in the index. What Makes dHEDGE The DAO Of Choice dHEDGE maintains transparency. There is complete visibility of pool managers’ past trading activity and track record. It offers self-custody. Investors can keep custody and control over their pool positions. Withdrawal can be anytime and not based on external schedules.  Since managers on dHEDGE are analyzed across multiple metrics, there is competitive performance along with risk and strategy that investors observe while allocating capital. Investors can also earn extra rewards in native DHT tokens for participation in dHEDGE pools. The dHEDGE app on Gnosis Safe allows DAOs to manage dHEDGE investments using multi-sig.  About dHEDGE dHEDGE is a decentralized asset management protocol. It connects investment managers worldwide with investors on the Ethereum blockchain. This is done in a permissionless, non-custodial, trustless manner. dHEDGE aims to leverage the unique capabilities of Ethereum and Synthetix and democratize the investing experience Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

    06 May
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    BBTV Announces Launch of Their NFT Division With Grammy... Media-tech company BBTV has announced the launch of an NFT division that aims to provide leading creators from varying industries with a platform to launch their very own NFTs and fan tokens. First up is Grammy winning music producer - Zaytoven.  BBTV joins a number of platforms that have explored the potential of the NFT market. Aside from the plethora of blockchain NFT companies, a series of mainstream institutions have revealed their interest in NFTs. Most recently eBay disclosed how they were in the process of exploring the possibilities of integrating NFTs on their platform.  As crypto payments and non-fungible tokens become adopted by mainstream institutions, media companies such as BBTV are opening up a new way for artists and creators to create new streams of income. Shahrzad Rafati, Chairperson and CEO of BroadbandTV stated: “The combination of creator economy, crypto movement, and proof of ownership has created a massive monetization ecosystem and we are excited to position BBTV at the centre of it all to take the creator fan engagements to the next level…We are laser focused on delivering market leading solutions for creators around the globe to monetize the content that they create. NFTs are a natural extension of our Plus Solutions." Producer Zaytoven commented on the partnership with BBTV which began with the release of his supergroup album 'A-Team' featuring Lil Yachty, Lil Keed, Lil Gotit through Opposition, and BBTV's Music Division "Expanding my partnership with BBTV is the right move as they have been a great company to work with and a leader in the digital space to explore this new frontier. I've been a collector for all my life and I can see the massive opportunity of a fan wanting to own art and music again as we all did growing up." The interest in collectibles in the music industry is something that Eminem also cited when releasing his personal NFT collection last month on the Nifty Gateway platform.  “I’ve been collecting since I was a kid, everything from comic books to baseball cards to toys, as well as every rap album on cassette I could get my hands on. Not much has changed for me as an adult” A number of celebrities have released their NFT collections on popular blockchain-based platforms such as Nifty Gateway, Open Sea, and Rarible, however more mainstream media and entertainment companies are creating their very own platform or NFT division. Last month the singer Doja Cat announced she was launching an NFT company as a way to hold complete ownership of her work.  Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

    06 May
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    An Industry-First: FIS and NYDIG Partner To Bring Bitco... Financial technology firm FIS (Fidelity National Information Services) announced its partnership today with NYDIG (New York Digital Investment Group) to enable Bitcoin access for banks in the U.S.The partnership would open an industry-first solution for FIS’ core banking clientele, giving them the ability to buy, sell, and hold Bitcoin. The announcement also details that FIS will be introducing its Digital One™ Mobile app to provide a seamless interface for its consumer market to connect with Bitcoin trading services.“As demand for Bitcoin as a store of value continues to grow, FIS is focused on enabling our core banking clients to respond to growing market demand and better serve their customers,” shared FIS’ Global Core Banking and Channels head Rob Lee. “Unlocking these capabilities for financial institutions of all sizes levels the playing field for banking with Bitcoin and can drive further innovation,” Lee added.FIS is a Fortune 500 company and is a member of the Standard & Poor’s 500 Index. FIS currently handles some $9 trillion worth of transactions annually, with over 75 billion transactions done on average. FIS is currently the largest processing and payments company in the world, and this move to accepting Bitcoin, the alpha cryptocurrency, will likely result in mass adoption for the crypto industry at large.NYDIG’s role in the partnership entails providing a secure and regulated custodial service for the Bitcoin transactions. NYDIG is the Bitcoin-focused financial technology subsidiary of Stone Ridge, a $10 billion alternative asset manager. NYDIG currently has over $6 billion assets under custody, providing Bitcoin technology and investment solutions for a range of institutional clients and high net worth individuals. “While Bitcoin adoption is increasing, an accessibility and credibility gap remains for too many who want to buy, sell and hold. Our partnership with FIS, and their core banking clients, bridges this gap,” shared NYDIG CEO and co-founder Robert Gutmann.The two firms have previously partnered with Quontic Bank, a digital bank, to offer an industry-first Bitcoin Rewards debit card, and become the first FDIC (Federal Deposit Insurance Corporation) insured financial institution in the U.S to do so.“With Bitcoin available through your bank to be purchased with as little as $1, now you have an attractive asset that’s available to be owned by anyone in any amount. We think that’s huge for economic empowerment.” stated Yan Zhao, president of NYDIG.Through NYDIG’s flagship fund franchise, FIS’ opening of Bitcoin access to its customers is set to offer the industry’s lowest total expense ratio for Bitcoin access through a fund manager, a rate that’s currently at 0.30% of any transaction, which is between 50-75% lower than other passive Bitcoin access products available both to investors and average consumers. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice. 

    05 May
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