Category: Blockchain

Blockchain IM apps to reach over half-billion dollar valuation by 2030

Blockchain use cases continue to surface as the technology becomes more accessible, with some use cases, such as blockchain-based messaging applications, on the cusp of mass adoption. According to a new report from Grand View Research, the global blockchain messaging application market size is forecasted to hit a valuation of $536.5 million by 2030. The report, released on Feb 1. highlights this as a 43.6% compound annual growth rate in the seven-year timespan. In 2021, the market valuation for blockchain messaging applications was around $22.2 million. At that time, North…

Toyota to explore blockchain use cases via DAO hackathon

Automotive giant Toyota is delving deeper into blockchain use cases through its involvement with a Web3 hackathon for decentralized autonomous organization (DAO) developers. On Feb. 1, multi-chain smart contract and decentralized application (dApp) network Astar announced its inaugural Web3 hackathon. The news of note, however, was that it’s being supported by the Toyota Motor Corporation. Founder of the Astar Network, Sota Watanabe, commented on the significance of Toyota’s involvement in the initiative: “During the event, we aim to develop the first PoC (Proof of Concept) DAO tool for Toyota’s employees.…

Blockchain provider SIMBA Chain awarded $30M by US Air Force STRATFI program

Blockchain solutions provider SIMBA Chain has been selected for a $30 million Strategic Technology Focus Initiative (STRATFI) by the United States Air Force (USAF). The initiative is focused on identifying and advancing technologies that could secure the future dominance of the U.S. Air Force.  According to the announcement, the investment will be used to develop blockchain applications in supply chain management and programs that will be used by several government organizations, including the Office of the Undersecretary of Defense for Research & Engineering, the USAF, the U.S. Navy, the U.S. Army…

Bitcoin Rallied over the Weekend and UK Treasury is in Search for a CBDC Head – Blockchain News, Opinion, TV and Jobs

By Marcus Sotiriou, Market Analyst at the publicly listed digital asset broker GlobalBlock (TSXV:BLOK).  Bitcoin continued its comeback over the weekend, as it rallied to a high of almost $24,000. However, this morning it has retraced all of its weekend gains, as it is now around $23,200, which aligns with the range high from the short-term range Bitcoin broke out from over the weekend. The way Bitcoin reacts at this level could be key in determining Bitcoin’s next move. The UK is demonstrating more urgency toward launching a CBDC, as the U.K. Treasury…

ETH to peak at $2,474 in 2023 According to Finder’s Ethereum Price Predictions Report  – Blockchain News, Opinion, TV and Jobs

Ether is bound for another volatile year in 2023, according to Finder.com’s latest Ethereum Price Predictions Report. Finder’s panel of 56 fintech and cryptocurrency specialists think ETH will go as high as US$2,474 and as low as $984 in 2023 before ending the year at $2,184. Ethereum is currently priced at $1,588. Digital Capital Management managing director Ben Ritchie thinks Ether will be worth $2,500 by the end of 2023 but says it could go as low as $900 throughout the year. “Ethereum continues to dominate the market as the…

Secret Blockchain Suffers Departures as Foundation Founder Tor Bair’s $2M-Plus Dividend Sparks Outcry

“Instead of paying out my vested tokens in December 2021, I converted my vested portion of tokens to USD at the OTC price and Secret Foundation distributed these funds as a dividend,” Bair wrote. OTC stands for over-the-counter, referring to the off-exchange market price. “The amount of tokens vested was 375,000 SCRT. The amount of the dividend distribution was $2.625M, which is the OTC price of $7 multiplied by the tokens vested.” Source link

Blockchain Scaling Project Sovereign Labs Raises $7.4 Million in Seed Round

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Three launch lessons from blockchain-based freelance marketplace TopIQs

Over a decade ago, the cofounders of TopIQs were freelance internet marketers dealing with many of the frustrations that still irk freelancers today. They invested significant time pitching, landing and completing projects for clients on freelance marketplaces. When it was time to get paid, they spent weeks or months chasing payments or resolving account issues and fraudulent chargebacks—only to owe a high percentage of marketplace and financial service fees in the end.  “Traditional freelance marketplaces take up to 20% of fees for any job,” said Steve Talbot, one of the…

New paradigms for enterprise blockchain adoption

Blockchain technology has created a new avenue to reconfigure the vision for the future of the internet. Data on the internet generated by individuals, organizations and other users are controlled by centralized entities, with a significant concentration of economic power and influence held by a few key corporate players who have thrived on data aggregation economics. This phenomenon has alienated users, removing trust in what they see, find, use or assimilate. However, despite all these advancements, the acceleration and use cases of blockchains in the real world and the adoption…