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Dev
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Web3 Social Media Will Fail — Because Most People Don’t Want to Own Their Data
- Web3 social media projects aim to prioritize data ownership and decentralization, but face challenges in scaling due to the focus on ideals over user behavior.
- Most people are more interested in gaining attention and engagement on social platforms rather than owning their data, which remains a barrier to mass adoption of Web3 apps.
- Decentralized platforms like Lens and Farcaster, while technically impressive, struggle with complex onboarding processes and lack the addictive user experience that Web2 platforms offer.
- The success of Web3 social platforms in the future may lie in simplifying user experiences, emphasizing seamless functionality over ideology, and providing fair and engaging rewards to users.
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TronWeekly
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Cardano Reaches a Milestone: More than 110 million Transactions Completed through the Network
- Cardano has achieved a milestone by surpassing 110 million transactions on its blockchain, signifying substantial growth in on-chain activity.
- Data from Cardanoscan confirms the increase in on-chain activity, supported by strong participation in staking.
- The success highlights Cardano's emergence in DeFi, cryptocurrency collectibles, and enterprise projects, positioning it as a key player in the future of Web3.
- The recent milestone underscores Cardano's ongoing development and adoption, as evidenced by the network's activity and ecosystem value growth.
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Cryptonews
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TON Blockchain Briefly Halts Block Production in Swift 40-Minute Outage
- The Open Network (TON) faced a 40-minute block production halt on June 1 due to a masterchain queue error.
- Developers quickly issued a fix requiring updates from only a few validators.
- No user funds were lost, and pending transactions were unaffected.
- This incident adds to TON's prior history of high-throughput outages, including disruptions in August 2024.
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Medium
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Blockchain Games vs. Traditional Games: A Comparative Overview
- Blockchain games utilize blockchain technology for decentralized game economies, allowing players to own in-game assets as NFTs, engage in play-to-earn models, and trade assets on open marketplaces.
- Traditional games operate on centralized servers, where in-game assets are owned by developers/publishers, limiting player ownership. These games rely on in-game purchases, subscriptions, or ad revenue for income.
- Blockchain games offer true ownership, play-to-earn potential, and decentralized economies, but face challenges like complexity, high fees, and volatility. Traditional games provide polished experiences and established communities but lack ownership and earning options.
- The future may see a fusion of traditional gaming strengths and blockchain innovation, creating new game experiences. Gamers currently need to assess the benefits of each to determine their preferred gaming experience.
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Medium
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Understanding DigiByte Core 8.22.2 and What’s Next
- DigiByte Core 8.22.2 improves security, efficiency, and functionality, integrating enhancements from Bitcoin Core versions.
- Taproot was activated on DigiByte blockchain at block height 21,168,000, enhancing privacy, scalability, and smart contract capabilities.
- DigiByte Core 8.23.0 is required for full Taproot support within the core wallet, incorporating improvements from Bitcoin Core v23.
- These upgrades aim to strengthen DigiByte's blockchain, making it more efficient, private, and capable of supporting new applications.
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TechBullion
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Analysts See Ripple (XRP) Like Potential in Ruvi AI (RUVI) as It Gains Momentum with $1.5M Raised and a Growing Community
- Ruvi AI (RUVI) is gaining attention in the cryptocurrency market for its disruptive potential, drawing comparisons to Ripple.
- During its presale, Ruvi AI raised $1.5 million by selling 125 million tokens, indicating strong investor confidence and potential for significant ROI.
- Ruvi AI's emphasis on delivering practical solutions across various industries sets it apart, with key applications in sectors like healthcare and logistics.
- With a strategic investment structure and partnerships like WEEX Exchange, Ruvi AI is positioning itself as a contender for significant growth in the blockchain landscape.
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Bitcoinist
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44 Million XRP Tokens Vanish From Turkish Exchange In One Big Transfer
- 44.1 million XRP tokens, valued at over $97 million, were transferred from Turkish exchange Paribu to an unknown wallet in a significant movement.
- The transfer was viewed as a sign of long-term holding by a major investor, potentially reducing selling pressure on the market.
- Speculation arose regarding the possibility of a 'giga pump' for XRP, with market analysts forecasting a major price shift following a breakout pattern.
- XRP was trading at $2.19 at the time of writing, with analysts projecting potential price targets above $27.16 and $71.41 if the bullish momentum is sustained.
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TechBullion
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With a Major Exchange Partnership Secured, Could Ruvi AI (RUVI) Be on Track to Stand Beside Shiba Inu (SHIB) in the Rankings?
- Ruvi AI (RUVI) is making significant strides in the cryptocurrency market, highlighted by its recent partnership with WEEX Exchange to enhance visibility and accessibility globally.
- While comparisons to tokens like Shiba Inu (SHIB) arise, Ruvi AI distinguishes itself with a focus on real-world utility in healthcare, logistics, and finance, offering an alternative rooted in tangible value.
- With a record-breaking presale and a projected $1 value by Q4 2025, Ruvi AI presents a noteworthy 12,800% ROI potential, appealing to both retail and institutional investors.
- By combining practical innovation, strategic partnerships, and a VIP investment program, Ruvi AI is poised to be a serious contender in the rankings, showcasing the essence of the next big cryptocurrency.
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Medium
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Peering into Lumera Protocol: Could This Be the Foundation Web3 Needs?
- Lumera Protocol aims to address core challenges in Web3 space by focusing on decentralized AI, permanent storage, and interchain interoperability.
- Building with the Cosmos SDK showcases intentionality to create an interconnected Web3 that can exchange value fluidly.
- Lumera's Testnet launch being oversubscribed with over 100 validators reflects genuine community interest and technical merit in the project.
- Project like Lumera has the potential to impact industries by enabling decentralized services prioritizing data ownership, security, and cross-chain functionality.
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Bitcoinsensus
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Blockchain in Health and Fitness: Revolutionizing Wellness and the Fitness Industry
- Blockchain technology is revolutionizing the health and fitness industry by combining crypto rewards with physical activity on platforms like Sweat Economy, Lympo, and MetaGym.
- HealthBlocks and Dotmoovs offer users the opportunity to earn tokens for completing fitness tasks, recording workouts, and improving health while maintaining data security and decentralization.
- Move-to-Earn trend allows users to earn digital assets by exercising or completing tasks, with apps like StepN, Sweat Economy, and Walken leading the way.
- Platforms like HealthHero integrate with corporate wellness programs, rewarding users with crypto for healthy behaviors, while Web3 wellness projects like BeFitter and THE WELLNESS VERSE focus on community and governance models for health.
- Blockchain helps in transforming healthcare by improving data management, privacy, and access, with platforms like MediBloc, Patientory, and Solve.Care automating care coordination and appointment scheduling.
- Blockchain-based fitness tracking transforms raw fitness data into verifiable outcomes, offering transparent and tamper-proof systems that interact with users through decentralized applications (dApps).
- Decentralized health data systems ensure privacy, encryption, and secure sharing of medical records with authorized parties, preventing issues like data inconsistency and unauthorized access.
- Healthy habits are incentivized through crypto rewards, NFT fitness challenges, and tokenized wellness programs, encouraging users to engage in fitness activities and mental health support.
- The intersection of blockchain, fitness, and mental health introduces platforms like MindDAO, Loci, and PsychDAO, rewarding mindfulness practices and providing peer support on the blockchain.
- Crypto health ecosystems like HealthBlocks and MetaGym offer comprehensive health solutions, incorporating workout tracking, medical data storage, virtual consultations, insurance rewards, and DAO governance.
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TheNewsCrypto
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Bitcoin’s Path to $250K: Can Ozak AI Beat BTC with a 300x Surge from $0.005?
- Bitcoin (BTC) is rallying with predictions of reaching $250,000 by 2025, while Ozak AI (OZ) is gaining attention in the crypto market with a presale price of $0.005 and a target of $1, potentially offering a 300x return.
- Bitcoin's projected path to $250,000 is backed by models like stock-to-flow, but Ozak AI is appealing to investors with its intersection of AI and crypto, aiming for substantial returns from its low presale price.
- Bitcoin is viewed as a safer investment due to its decentralization and widespread adoption, with key technical levels for BTC including support at $58,000 and $50,000, and resistance at $110,000 and $125,000.
- Ozak AI, having raised over $1 million in presale funding and outlining a roadmap targeting cross-chain utility and decentralized AI modules by 2025, is seen as a potential breakout project with its innovative use case and growing community.
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