Russia’s largest social media network, Vkontakte, has announced it’s going to introduce support for blockchain and NFTs. The crypto technologies will be incorporated into the platform’s scheme for monetization of user content and copyright protection.
Vkontakte to Facilitate Use of Non-Fungible Tokens
The leading Russian social media platform, Vkontakte, intends to utilize blockchain technology…
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.______ … Read More: Tether Teases Swiss Bitcoin Plan, VKontakte Mulls NFTs, FTX Ups Its Game, EU Open to Crypto + More News Read more »Pay, Trade, Buy Bitcoin with Credit Card
Reports indicate that the Monero community is upset about a specific mining pool that currently commands 44% of the network’s hashrate. Supporters are asking mining participants to leave a mining pool called Minexmr as they believe the operation threatens decentralization. A Single Monero Mining Pool Commands 44% of the Network’s Hashrate, Monero Community Members Debate…
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One more social network seeks to maximize creator gains by integrating NFT capabilities into its platform. Amrapali “Ami” Gan, OnlyFans’ CEO, commented in a statement to Reuters that the online subscription platform known for adult content will enable creators to make nonfungible token, or NFT, profile pictures. “Our mission is to empower creators to own their…
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The decentralized finance (defi) lending platform Aave has revealed the launch of a Web3 social media platform called the Lens Protocol. According to the team, Lens is a “Web3, smart contracts-based social graph” that is built using the Polygon blockchain. Defi Project Aave Drops the Lens Protocol, Platform’s Intent Is to ‘Empower Creators to Own…
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Decentralized finance (DeFi) protocol Aave (AAVE) has launched an open-source, decentralized social media ecosystem dubbed Lens Protocol. Concurrently, the Twitter-backed Bluesky project has formed an independent organization to implement its vision of creating “an open and decentralized standard for social media.”… Read More: Facebook, Watch Out! Aave and Twitter’s Bluesky Move Towards New Social…
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Bradley Tusk says that the regulatory issues in the U.S. will not only be replicated but amplified as we see the internet move towards the Metaverse. Tusk Ventures CEO and founder Bradley Tusk says that the failure to regulate cryptocurrency and social media effectively in the United States is a “really good lesson for how…
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The U.S. Federal Trade Commission (FTC) has warned about social media being used in cryptocurrency investment scams. “Social media is a tool for scammers in investment scams, particularly those involving bogus cryptocurrency investments — an area that has seen a massive surge in reports,” said the FTC. Federal Trade Commission Warns of Crypto Scams Utilizing…
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Two South Korean YouTubers who robbed a fellow crypto broadcaster by spiking them with sleeping pills and stealing USD 660,000 worth of tokens, have been sentenced to three years behind bars – after a disagreement about sharing the profits of their social media behavior got out of hand…. Read More: Men Who Spiked a…
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According to the CEO of Instagram, Adam Mosseri, the social media application is looking into non-fungible token (NFT) technology. During an ask-me-anything (AMA) session on Instagram, Mosseri said that the company wants to make NFTs “more accessible to a wider audience.” Instagram CEO: ‘We Are Definitely Actively Exploring NFTs’ Following the firm’s parent company Facebook…
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