Kategorie: Crypto Business

Daily headlines and news about crypto business.

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Cronos and Covalent partners to simplify on-chain data access for developers

Cronos, a layer-1 blockchain built on Cosmos SDK, has announced a partnership with Covalent. The partnership comes as a relief for developers who are willing to venture into the Web3 innovations. The partnership aims at simplifying on-chain data access for data analysts and developers. 

In addition to the simplification of the workflow for their participants, Cronos and Covalent will work together to bring out the transparency of on-chain data to crypto wallets, investors, and others. With this partnership, they will be able to make Web3 experience great while allowing developers and projects access to information that will power decentralized applications.

Benefits to Cronos and Covalent ecosystems

While explaining the working principle of this integration, Covalent CEO and co-founder, Ganesh Swami, said that the Covalent Unified API which is a code-free solution for developers will work on adding another layer of simplicity by sourcing all the relevant information.

Swami also added that developers’ experience level will be a bonus, however, he noted that this will not be a hindrance for those seeking to create projects with little or no coding experience.

Cronos chain and Cronos Labs managing director, Ken Timsit, also supported this noting that there is a need to have a simple unified solution that will boost successful Web3 adoption. He also added that Cronos identifies with the Web3 ecosystem growth and with the Covalent Unified API, Cronos will be able to meet the developers’ rising expectations as they try to find a better user experience, functionality, and utility.

In addition, the Covalent Unified API will simplify the workflow as well as increase the efficiency and time to markets saving developers time that they consume while trying to find their work.

Cronos and Covalent achievements

Cronos is compatible with Ethereum Virtual Machine (EVM) and is backed by Crypto.com, Crypto.org, and more than 300 application developers. Cronos’ plan is to onboard over 50 million users by offering an ecosystem where developers can develop DeFi applications and GameFi.

One of the recent Cronos team achievements is the recent launch of a $100 million accelerator program fund by Cronos Labs aimed at helping developers shape the future of Web3 by creating new projects. 

On the other hand, Covalent has been providing Unified API services to allow Web3 data points visibility. It powers over 1,000 applications with over 27,000 developers depending on it.

Some of the many data points that Covalent Unified API allows access to include decentralized exchange transactions, token balances, and ERC20 token transfers.  

The post Cronos and Covalent partners to simplify on-chain data access for developers appeared first on CoinJournal.

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Swiss post office to launch crypto custody and trading services

The Swiss post office, via its banking arm PostFinance, plans to launch the crypto custody and trading services by 2024.

The Swiss post office is looking to offer crypto custody and trading services to its customers, the company said on Monday.

The new services will be available via Swiss post office’s banking arm PostFinance, and targets going live by 2024, according to a report published by the Swiss Info.

Swiss post office acts on growing customer demand

While the Swiss post office recognizes that the current market conditions have been brutal to the crypto sector, it says this is indeed the “ideal time” to make an entry.

Growing demand from customers has been helped by PostFinance’s previous collaboration with Swissquote, the first major bank in the country to offer crypto trading to its clients in 2017. PostFinance does offer crypto exposure to its retail clients via a digital app dubbed YuhExternal.

The financial services provider is now looking to revamp that through a proprietary crypto trading and custody service.  To help bring this into reality over the year and a half, PostFinance is working on potential business partners.

PostFinance is the fifth largest retail bank in Switzerland and its plans will see it join global giants such as Goldman Sachs, JPMorgan and Fidelity in looking to tap into crypto services.

The post Swiss post office to launch crypto custody and trading services appeared first on CoinJournal.

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Car giant Hyundai unveils Metaverse plans with NFTs and virtual products

According to a Twitter post by Mike Kondoudis (trademark attorney), South Korean car giant Hyundai has unveiled its metaverse plans with NFTs and virtual products. Hyundai is planning to offer non-fungible tokens (NFTs) and also publish NFT-backed content for the media.

In addition, the car giant company shall also issue Hyundai virtual products like toys for simulation and virtual reality, sports equipment, headgear, clothing, sports gear, footwear, eyewear, pictures, and work of art.

In the release, Hyundai also provided a short film clip providing details about the ‘’metamobility’’ concept.

Major brands jump into the metaverse bandwagon

Hyundai is not the first automobile company to venture into the NFT world. It joined other renowned car manufacturers like Mercedes Benz in April. However, Hyundai took a step further to create a community collection that sets it apart from its competitors.

Other prominent brands like Chevron, a huge energy giant, also dived into the metaverse world offering a wide selection of virtual goods like gas, fuel, and renewable energy products. It’s worth noting that since October, jobs related to metaverse have increased by about 380%.

However, the metaverse industry might be heading for an identity crisis after Vitalik Buterin, one of the Ethereum co-founders and programmer, stated that there is no clear definition of the metaverse and no exact technology associated with it. 

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Revuto launches NFT offering lifetime subscriptions to Netflix and Spotify

  • Revuto’s NFTs offer free Netflix and Spotify subscriptions for a lifetime, with resell potential adding to their game-changing proposition.
  • The NFT is Revuto’s push to ‘revulutionize’ the subscription economy.
  • Revulution NFTs sale will go live on 11 July 2022 at 12 pm CET, with each NFT priced at $349.

Revuto is offering what could be a game-changing experience for Netflix and Spotify subscribers – a lifelong digital subscription via a limited edition NFT collection.

The Croatian startup, a market leader in the digital subscription management industry, has announced that by 11 July, 10,000 users will have a chance to purchase the Revulution NFT and enjoy subscriptions to the leading streaming platforms for life.

Netflix and Spotify users interested in the prospect of having to binge on their favorite movies or get the best of musical entertainment without worrying – ever – about subscriptions, can get the innovative product on Revuto’s website. 

Commenting on the huge potential the NFTs are offering, Revuto co-founder Josipa Majić said:

“Our Revulution NFT for Netflix or Spotify is just the start, and also an introduction to the subscription NFTs that people will be able to use to pay for any subscription in the world, for however long they want. Also, by using this particular innovation, the users will get discounts when selecting their subscriptions, coupled with the possibility of either gifting or selling them to other users. With such a unique approach, Revuto is introducing something completely new to the world of subscriptions, something that will enable the creation of an entirely new market of prepaid unused subscriptions.”

Viva La Revulution!

The subscription industry is a major economy, with millions of users and billions of dollars in payments for services – streaming, gym or even a digital news site. It works, yes, but the traditional subscriber sometimes gets a raw deal because they have no control over their subscriptions once they pay.

Picture a user who pays for a year’s service from a giant like Netflix. If a few months down the road they fancy a different service or maybe are unable to continue using it, there is no way to legitimately benefit from the subscription.

Unsubscribing won’t get you your money back, neither can you pause it. 

Revulution NFTs change that, with monetization allowing users a chance to profit from their unused subscriptions. Other benefits include the ability to pause subscriptions, pay with crypto, or protect against free trials. You can also earn discounts on any subscriptions around the world with the NFT.

It’s an opportunity Netflix and Spotify users would not want to miss, according to Revuto.

How does it work?

Once a user purchases the NFT, Revuto will provide a digital debit card for completing payments to Netflix and Spotify. The startup has partnered with tier 1 banking provider Railsr (formerly Railsbank), which also powers major exchange Crypto.com, to provide the card.

If you can’t use your paid subscription, the Revulution NFTs are enabled for trading on exchanges. Get another user ready to buy your NFT and profit from selling to them, which opens a whole secondary digital subscription marketplaces. 

By tapping into this option for whatever reason, allows Revuto to deactivate the original debit card and assign a virtual card to the new NFT holder. 

When is the Revulution NFT sale?

Revuto’s Revulution NFTs will be on sale on 11 July starting at 12 pm CET. According to the company, each NFT will go for $349, with accepted payment methods being credit/debit cards and crypto.

Users will be able to pay and manage all their subscriptions via a single app.

The post Revuto launches NFT offering lifetime subscriptions to Netflix and Spotify appeared first on CoinJournal.

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Solana wallet Solflare integrates FTX to offer seamless CeFi and DeFi connectivity

A mobile phone with Solana on it

Solana wallet Solflare has released an integration with top crypto currency exchange platforms FTX.com and FTX US, allowing users access to a simple interface to their Solana DeFi and NFT portfolios.

The integration will work via Solflare web extension and mobile app, with Solana users able to connect their accounts at FTX.com and FTX US to the wallet. Users will have access to funds held in their exchange accounts directly from their wallet.

Transactions are automated and include the FTX Convert feature that allows for token swaps straight from the wallet.

Making CeFi and DeFi seamless

With the extension and app, Solana users can also tap into more across DeFi and NFTs as they effortlessly manage asset deposits and withdrawals from their FTX account. 

Users can also access liquidity from FTX’s deep books to supplement that of Raydium and Serum, as well as venture into NFTs via the wallet’s support for deposits, withdrawals and visualization.

Solfare says the integration will help connect Web2 and Web3, offering users the benefits of a seamless experience all in one app. It brings centralized finance (CeFi) and decentralized finance (DeFi) under one app.

Filip Dragoslavic, co-founder of Solflare commented:

“FTX is probably one of the most popular centralized exchanges for DeFi users, especially on Solana. Integrating the two connects both worlds and turns it all into one seamless experience. You can command your FTX account without ever leaving Solflare, and confirming that your wallet address is indeed one unique human registered on FTX might enable many, new web3 opportunities.”

Solflare is a native Solana wallet and supports multiple functionalities, including staking and advanced NFT interactions. The wallet also offers Ledger support.

The post Solana wallet Solflare integrates FTX to offer seamless CeFi and DeFi connectivity appeared first on CoinJournal.