Monat: Juli 2023

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Astar Foundation teams up with NTT Digital to build Web3 training programs

  • Astar Foundation and NTT Digital will collaborate to create Web3 talent training programs.
  • The partners will also work on initiatives aimed at enhancing network infrastructure.
  • Astar Foundation and NTT Digital began collaborating in 2022.

Astar Foundation, the developer group behind multichain smart contracts platform Astar Network, has announced a strategic partnership with NTT Digital.

Established by Japanese mobile phone operator NTT DoCoMo, NTT Digital is a Web3 platform built to offer security and accessibility to enterprises and individuals seeking to build in web3.

Support for Web3 talent and technical infrastructure

In a press release the firms published on July 11, Astar Foundation said the collaboration will focus on advancing Web3 adoption via training programs for talent looking for a career path in the industry. The partners will also work together on efforts to create an enabling environment through technical infrastructure.

Astar Foundation is Astar Network’s main contributor and source code maintainer. According to the press release, the group believes its expertise in the blockchain applications could be crucial in the partners’ effort to develop innovative products that can spark Web3 adoption.

Training programs will include initiatives such as skill development programs, while technical infrastructure enhancements will focus on cybersecurity and fraud prevention.

Sota Watanabe, founder of Astar Foundation noted in a statement:

“We’re excited to partner with NTT Digital, who bring decades of experience in building tech infrastructure to drive adoption and innovation. Together, we will empower individuals and businesses to embrace the potential of Web3, enabling a more inclusive, decentralized future.”

NTT DoCoMo and Astar began their collaboration last year, with the Japanese telecommunications giant pledging $4 billion towards accelerating Web3 development in Japan. The company wants to use its subsidiary NTT Digital to achieve this goal, Aster Network wrote.

Earlier this year, Astar Network and Sony Network Communications unveiled a Web3 incubation program that ran from mid-March to June.

The post Astar Foundation teams up with NTT Digital to build Web3 training programs appeared first on CoinJournal.

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Shiba Menu prediction: Is SHMU a good meme coin to buy?

  • Shiba Menu is a new crypto that is at the intersection of meme coins and AI.

  • The developers have raised over $450k in less than two weeks.

Memecoins and artificial intelligence have been some of the most popular themes this year. New meme tokens like Pepe and Keke have grown from nothing into some multi-million dollar cryptocurrencies. On the other hand, AI companies like Nvidia and C3.ai have seen their shares jump by double digits. Shiba Menu, a new meme coin that is at the intersection of meme coins and AI, has also raised over $449k in the past few days.

What is Shiba Menu?

Meme coins are unique cryptocurrencies that started to boom in 2021. Their performance did well after the success of Dogecoin, a proof-of-work coin that was promoted heavily by Elon Musk, the richest man on the planet. Since then, many meme tokens have come up, with the most popular ones being Shiba Inu, Floki Inu, and Dogelon Mars.

Several meme coins have come up this year, with the most successful ones being Pepe and Keke. Pepe has gone from nothing to becoming a meme coin valued at over $500 million. It has created many millionaires along the way.

Shiba Menu (SHMU) is a new meme coin that is seeking to capitalize on the ongoing success of meme coins and artificial intelligence. According to its white paper, Shiba Menu is an AI-powered, self-marketing cryptocurrency. It will use AI to come up with marketing strategies, including writing its own PR. 

Unlike many other meme coins that have no meaningful utility, Shiba Menu will create its utility over time. For example, it will be the only meme coin that can create its own marketing materials like PR and multi-platform marketing materials.

Potential catalysts for Shiba Menu

There are three main potential catalysts for Shiba Menu. First, there is a likelihood that cryptocurrencies will do well this year. This probability will increase if Bitcoin manages to move above the important resistance at $31,200. If this breakout happens, there is a likelihood that other tokens will rise as well. 

As I wrote in this article on Tuesday, analysts at Standard Chartered expect that Bitcoin could jump to $120k. If this happens, there is a likelihood that other coins and tokens, including Shiba Menu will rise as well.

Second, Shiba Menu could rally because of the meme coin hype. After the success of key tokens like Pepe and Shiba Inu, many traders are constantly in search of the next big thing. After raising over $400k in a few weeks, there is a likelihood that the token will generate hype.

Finally, Shiba Menu is taking advantage of two hyped industries like AI and meme coins. Traders love such assets, as evidenced by the recent performance of key assets like Nvidia. You can buy Shiba Menu using this link.

Is Shiba Menu a good buy?

Investing in token presales and Initial Coin Offerings (ICO) is always risky and calls for caution. As such, while I expect Shiba Menu to thrive, I recommend caution. This means that you should only invest a small portion of your funds into the token. Doing this will give you exposure to the upside while limiting your potential risks.

The post Shiba Menu prediction: Is SHMU a good meme coin to buy? appeared first on CoinJournal.

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Axelar and Microsoft partner to advance an intelligent Web3

  • Tech giant Microsoft and cross-chain protocol Axelar have partnered to advance blockchain technologies.
  • Axelar has joined Microsoft’s Azure marketplace.
  • The partners will leverage the Azure cloud technology to enhance user experience across Web3.

Microsoft and cross-chain protocol Axelar have announced an enterprise partnership that will see the two collaborate on interoperability and Web3 integration across Web2 systems. 

The tech giant and the crypto platform will work towards developing blockchain onramps to support all types of users, from global enterprises to Web3 startups.

Axelar joins Microsoft’s Azure markeplace

In an announcement on July 11, Axelar said the partnership will also explore how to integrate artificial intelligence (AI) within the public blockchains ecosystem. The collaboration sees the blockchain company join Microsoft’s Azure marketplace.

As a result of this partnership, Microsoft customers can use the Azure marketplace to access Axelar’s blockchain solutions. Thousands of Microsoft’s cloud computing partners use the Azure Marketplace for software discovery and integration.

Microsoft and Axelar also eye hybrid blockchain initiatives, including ones targeted at connecting private and public blockchains. The plan is to leverage the Azure OpenAI services to bring new experiences to Web3 users.

Daniel An, the director of business development at Microsoft Web3 & AI, noted that the collaboration will boost further adoption of blockchain technology. He said:

“We are excited to collaborate with Axelar to accelerate blockchain integration and deliver valuable solutions to our customers. By leveraging our strengths and expertise, we can empower organizations to embrace blockchain technology and transform their operations.”

The post Axelar and Microsoft partner to advance an intelligent Web3 appeared first on CoinJournal.

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Aave DAO to decide on GHO Stablecoin on Ethereum

Key takeaways

  • Aave community members to vote on GHO’s deployment on Ethereum

  • The stablecoin has been live on the Ethereum blockchain’s Goerli testnet since February.

Aave DAO to vote on GHO’s deployment on Ethereum

The Aave DAO community members are set to start voting on whether to deploy the GHO stablecoin on the Ethereum blockchain. The members will commence the vote later today. 

Aave is one of the leading cryptocurrency platforms in the world, allowing users to earn yields on their staked tokens. GHO is the stablecoin developed by the Aave team. 

Users can mint the GHO stablecoin against a diversified set of crypto assets. According to the development team, GHO holders will continue to earn interest on the supplied collateral, similar to the other lending services on Aave. 

The proposal, if approved, would introduce GHO through so-called “facilitators.” thus, making it possible for  Aave version 3 (V3) to mint the stablecoin against token holdings available on the platform. 

The proposal stipulates that;

“If approved, the introduction of GHO would make stablecoin borrowing on the Aave Protocol more competitive and generate additional revenue for the Aave DAO by providing to the DAO treasury 100% of the interest payments made on GHO borrows.”

GHO has been available on the Ethereum blockchain since February

This latest cryptocurrency news doesn’t come as a surprise, as the GHO stablecoin has been live on the Ethereum blockchain’s Goerli testnet since February. So far, there have been no major bugs that affected the stablecoin on the Ethereum blockchain.

AAVE, the native coin of the Aave ecosystem, is up by more than 3% in the last 24 hours. At press time, the price of AAVE stands at $72.74 per coin.

The Aave team pointed out that it would allow users to mint GHO tokens against their supplied collaterals once the stablecoin launches on the Ethereum network.

The GHO stablecoin would be backed by a wide range of cryptocurrencies chosen by users. Furthermore, borrowers would continue to earn interest on their collateral assets. 

Similar to other algorithmic stablecoins, GHO would be pegged at $1. However, with GHO, users would be required to supply collateral (at a specific collateral ratio) before they can mint GHO. 

In addition to that, when users repay their loans, the GHO protocol burns that user’s GHO stablecoins.

The post Aave DAO to decide on GHO Stablecoin on Ethereum appeared first on CoinJournal.