Tag: Protocol

NEW YORK, Jan 24, 2024 – (ACN Newswire) – Recently, Root Protocol announced the close of $10M in funding across two rounds, bringing the total valuation of the project to $100M. The funding rounds, which gave Root Protocol a $100 million valuation, were led by Animoca Brands and included contributions from a slew of other notable investors, including Shima Capital, DFG Group, Signum Capital, Ankr Network, Digital Strategies, CMS Holdings, Double Peak, GenBlock Capital, Cypher Capital and Basics Capital. New investors announced are Dao5 and Gate Labs Ventures. The founding team members, collaborators and advisors of Root Protocol are from Consensys, Bankless ... Read more

WOM Protocol, a blockchain-based protocol that rewards user-generated content and replaces traditional ads, has announced a partnership with growth agency, BVW. This partnership brings together WOM Protocol’s cutting-edge MarTech solution with BVW’s expertise in launching, scaling and measuring e-commerce brands, Saas/S companies, and Web3 projects. In 2023, the global digital advertising market is valued at $626.9 billion, accounting for 67.4% of the overall expenditure on media ads (eMarketer). Considering that Web2’s largest revenue stream is advertising, the opportunity to disrupt traditional advertising methods with user-generated content that has the authenticity of word-of-mouth and is native to platforms is significant. This ... Read more

 Tag Protocol, a Digital Autonomous Organization (DAO) that uses NFT technology to monetize social media hashtags, is launching on Binance Smart Chain. The project’s ecosystem contains many unique NFT-based products targeted at creating decent earning opportunities for its users. The products on this Decentralized Finance (DeFi) suite are launching subsequently according to the road map. Some products such as Tagcoin, the native token for the project, are already live. The digital token is available in PanCake Swap and SushiSwap. The project operates hashtag registration, staking, and trading services. It will allow users to register their social media hashtags and officially ... Read more

 The whitepaper on Doge Protocol’s quantum resistance blockchain states the following: It highlights the fact that without a post-quantum cryptographic scheme, not only blockchains but also internet security protocols like TLS will be broken by quantum computers. This is because the underlying cryptographic schemes used in TLS currently are RSA or ECDSA, which are vulnerable to quantum computer attacks using Shor’s algorithm. The impact of quantum computers on blockchains is more critical as they can be rendered invalid without possible recovery. This is because the authenticity of transactions can no longer be trusted. Doge Protocol addresses this problem by a ... Read more

The HUMAN Protocol Foundation, the team behind HUMAN Protocol, have announced today that the Protocol’s native utility token, HMT, is now listed on Bitfinex. Deposits for HMT on Bitfinex opened at 09:00 UTC on Monday, September 20th, and trading opened today at 09:00 UTC. In a recent token sale, HMT was purchased by 63,000 new addresses, a number which broke the CoinList participation record. HMT is the utility token of HUMAN Protocol; all services within the network, such as data sanitation, quality verification of responses, and the final payout to Workers, is denominated in HMT. “HMT is designed to transform ... Read more