Invest In Crypto News
  • Home
  • Latest News
    • Bitcoin News
    • Altcoin News
    • Ethereum News
    • Blockchain News
    • Doge News
    • NFT News
    • Video
    • Market Analysis
    • Business
    • Finance
    • Politics
    • Mining
    • Regulation
    • Technology
  • Top 10 Cryptos
  • Market Cap List
  • IC DAO
  • Donations
  • Contact
  • Buy Crypto
  • IC DAO
No Result
View All Result
Invest In Crypto News
  • Home
  • Latest News
    • Bitcoin News
    • Altcoin News
    • Ethereum News
    • Blockchain News
    • Doge News
    • NFT News
    • Video
    • Market Analysis
    • Business
    • Finance
    • Politics
    • Mining
    • Regulation
    • Technology
  • Top 10 Cryptos
  • Market Cap List
  • IC DAO
  • Donations
  • Contact
  • Buy Crypto
  • IC DAO
No Result
View All Result
Invest In Crypto News
No Result
View All Result

Community-driven crypto projects still thriving despite headwinds

CryptoExpert by CryptoExpert
March 27, 2023
in Blockchain News
0
Community-driven crypto projects still thriving despite headwinds
  • Facebook
  • Twitter
  • Pinterest



You might also like

DTCC Integrates Chainlink for Tokenized Collateral Platform

Kraken Parent Teams With Franklin Templeton to Bring Managed Funds Onchain

NVIDIA Launches Fleet Intelligence for GPU Monitoring

The highly anticipated launch and airdrop of Arbitrum’s native governance token ARB took place on March 23, creating a buzz around the layer-2 protocol as hundreds of thousands of eligible users and DAOs tried to claim the token. Overwhelming user demand led the airdrop claim page to crash shortly after its launch, displaying 404 and 429 errors for over an hour, Cointelegraph reported. 

Since Arbitrum was one of the largest blockchain projects without a token, the hype around its drop was expected. Nevertheless, it exemplifies how community-driven projects in the space can still thrive, despite competitors, technical challenges, market downturns and regulatory uncertainty.

Wen? Now. ‍ pic.twitter.com/CysJ9nPP3Z

— Arbitrum (,) (@arbitrum) March 16, 2023

Arbitrum wasn’t the first — and certainly won’t be the last — project to mobilize massive audiences. In February, the token distribution of the layer-1 protocol Core DAO followed a similar engagement recipe, with 1.2 million tokens airdropped to individual users. Even before its mainnet launch, the project, established in 2021, had over 1.6 million Twitter followers and over 215,000 Discord members.

“From the start, community ownership and inclusion was a major goal,” Core DAO contributor Brendon Sedo told Cointelegraph. “Transparency is another key for our community. Too many projects keep the curtain closed on their progress and development. We’ve made it a priority to distribute information across a variety of platforms.”

okex

Related: Arbitrum’s ARB token signifies the start of airdrop season — Here are 5 to look out for

Core’s blockchain runs on a combined proof-of-work and delegated proof-of-stake consensus mechanism known as Satoshi Plus. Its airdrop was carried out in partnership with the Satoshi App, an application allowing users to “mine” in-app rewards without requiring a payment or exclusive invite. According to Core, the app was crucial to helping to get tokens into the hands of the true users of the network, with 25% of the token supply dedicated to the partnership.

Community engagement is also key for Web3 games and metaverse platforms. Virtual world Aftermath Islands Metaverse is about to reach 4 million resource pack NFT generated in just 140 days after releasing its first play-to-earn game, adding the last 1 million users in a period of just 15 days, says the company. 

Up for a challenge? We have some fun quests & quizzes live on @Crew3xyz

Head over there to learn and interact with different Core DAO topics while receiving special Discord server roles and exclusive rewards #CoreDAOhttps://t.co/Pf1r2a1zgv

— Core DAO (@Coredao_Org) February 21, 2023

“Our focus is not on the number of users, as our users are anonymously verified using our Proof of Humanity solutions, where they can only have one account with no duplicate accounts, fakes or bots. This effectively removes the ‘eyeball’ measuring and false results, so we focus on what the users are doing,” explained David Lucatch, managing director at Aftermath Islands.

The resource pack NFTs represent real ownership of items that can be traded or used in different ways within the platform as personal items. Pack’s daily generation of real users sits at 60,000, the company claims.

Decentralization and community engagement have always been key aspects of crypto. Core DAO’s Sedo argues that project insiders and lack of community ownership pose threats to blockchain’s potential. “[…] chains had to make tradeoffs between security, scalability, and decentralization,” he explained, adding that “the classic blockchain trilemma gets plenty of time in the spotlight with too few solutions. Many chains and projects simply concede that to be scalable, they must sacrifice decentralization.”

Magazine: 2023 is a make-or-break year for blockchain gaming: Play-to-own





Source link

  • Facebook
  • Twitter
  • Pinterest
CryptoExpert

CryptoExpert

Recommended For You

DTCC Integrates Chainlink for Tokenized Collateral Platform

by CryptoExpert
May 13, 2026
0
DTCC Integrates Chainlink for Tokenized Collateral Platform

The Depository Trust & Clearing Corporation (DTCC) will integrate Chainlink infrastructure into its collateral management platform ahead of a planned fourth-quarter 2026 launch as it aims to support...

Read more

Kraken Parent Teams With Franklin Templeton to Bring Managed Funds Onchain

by CryptoExpert
May 12, 2026
0
Kraken Parent Teams With Franklin Templeton to Bring Managed Funds Onchain

Key TakeawaysPayward and Franklin Templeton partnered on May 12, 2026, to build tokenized yield and equity products onchain.Kraken’s xStocks framework, with $30B+ in volume, will host Franklin Templeton...

Read more

NVIDIA Launches Fleet Intelligence for GPU Monitoring

by CryptoExpert
May 12, 2026
0
Nvidia's Soaring Data Center Revenue Signals Strong AI and GPU Market Position

Felix Pinkston May 11, 2026 20:27 NVIDIA's new Fleet Intelligence service offers real-time GPU fleet monitoring, improving efficiency and reliability for data centers. ...

Read more

Whitehat Returns $190K to Renegade After Hacking Them

by CryptoExpert
May 12, 2026
0
Cointelegraph

The team behind the Renegade.fi protocol said a whitehat hacker returned about $190,000 after exploiting one of its Arbitrum-based decentralized dark pools and later complying with instructions in...

Read more

Canton Network Developer Digital Asset Seeks $300M From A16z Crypto

by CryptoExpert
May 11, 2026
0
Canton Network Developer Digital Asset Seeks $300M From A16z Crypto

Key TakeawaysA16z crypto leads a ~$300 million round at Digital Asset Holdings, valuing the company at ~$2 billion, per Bloomberg.Canton Network has processed over $6 trillion in tokenized...

Read more
Next Post
26-Year-Old's Crypto Exchange Takes Africa by Storm

26-Year-Old's Crypto Exchange Takes Africa by Storm

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Browse by Category

  • Altcoin News
  • Bitcoin News
  • Blockchain News
  • Business
  • Doge News
  • Ethereum News
  • Finance
  • Market Analysis
  • Mining
  • NFT News
  • Politics
  • Regulation
  • Technology
  • Trending Cryptos
  • Video

Sitemap

  • Market Cap
  • Donations
  • Trading
  • Mining
  • Contact

Legal Information

  • Privacy Policy
  • Anti-Spam Policy
  • Copyright Notice
  • DMCA Compliance
  • Social Media Disclaimer
  • Terms Of Service

Categories

  • Altcoin News
  • Bitcoin News
  • Blockchain News
  • Business
  • Doge News
  • Ethereum News
  • Finance
  • Market Analysis
  • Mining
  • NFT News
  • Politics
  • Regulation
  • Technology
  • Trending Cryptos
  • Video

© Copyright 2024 InvestInCryptoNews.com

No Result
View All Result
  • Home
  • Latest News
    • Bitcoin News
    • Altcoin News
    • Ethereum News
    • Blockchain News
    • Doge News
    • NFT News
    • Video
    • Market Analysis
    • Business
    • Finance
    • Politics
    • Mining
    • Regulation
    • Technology
  • Top 10 Cryptos
  • Market Cap List
  • IC DAO
  • Donations
  • Contact
  • Buy Crypto
  • IC DAO

© Copyright 2024 InvestInCryptoNews.com

This website is using cookies to improve the user-friendliness. You agree by using the website further.

Privacy policy
bitcoin
Bitcoin (BTC) $ 81,187.00
ethereum
Ethereum (ETH) $ 2,305.71
tether
Tether (USDT) $ 0.999691
bnb
BNB (BNB) $ 679.90
xrp
XRP (XRP) $ 1.46
usd-coin
USDC (USDC) $ 1.00
solana
Solana (SOL) $ 95.52
tron
TRON (TRX) $ 0.349184
figure-heloc
Figure Heloc (FIGR_HELOC) $ 1.04
staked-ether
Lido Staked Ether (STETH) $ 2,265.05

Pin It on Pinterest

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?