An introduction Eric Chen is CEO and co-founder of Injective Labs, a core contributor behind the Injective decentralized exchange. Injective Protocol decentralized exchange protocol (DEX) backed by big names like Binance and Mark Cuban. The protocol is designed to be permissionless, fully decentralized, and fast with low gas fees. It runs on a governance proposal procedure, community members are a pivotal part in all of Injective’s decisions. “Injective is purely community driven. Governance dictates everything.” What is Injective Protocol? “It’s pretty similar to the overall model of Uniswap. Which is basically all the protocol upgrades and contract upgrades are dictated by the community, a governance vote is required for major…
Ukraine Is Doing a Crypto Airdrop
Donors earn rewards
Press play to hear a narrated version of this story, presented by AudioHopper. Airdrop On March 1st, Ukraine announced an airdrop for anyone who made a crypto donation for the country. “Airdrop confirmed. Snapshot will be taken tomorrow, on March 3rd, at 6pm Kyiv time (UTC/GMT +2 hours).” Ukraine has received over $30 million in crypto donations in the last week. This is a relatively small number compared to donations made directly through organizations or through war bonds. That being said, Ukraine is still using an airdrop as an incentive to get more people to donate with crypto. Anyone can make donations with crypto, whether they’re using an exchange or…
Cryptocurrency and Gaming, A Common Ground?
How gaming can bring the Average Consumer Into Cryptocurrency
Press play to hear a narrated version of this story, presented by AudioHopper. Why gaming? Imagine someone who plays a video game for two hours everyday, spending hundreds on in-game content. Eventually, they stop playing for one reason or another, but still have everything that they bought. With crypto technology, they could sell their in-game items, receive crypto for it, and use it to pay their bills. Play-to-earn games are becoming increasingly popular in the crypto industry. The most popular example is Vietnamese game Axie Infinity (AXS). The game is somewhat similar to Pokémon, you collect “Axies” and battle other players for rewards. AXS is an Ethereum based token that…
What is Web3?
Web3 removes power from media conglomerates and gives it to the individual users
Imagine all your online accounts are linked through one wallet. You aren’t constantly resetting your passwords, you can connect to any website with the click of a button, and make payments that way as well. A decentralized Internet, one where content creators get compensated for their work directly instead of through a third party company that pays them a fraction of the profit they deserve. Social media websites can’t take down your posts. Your digital identity becomes more important than ever with the integration of Metaverse technology. This is the essence of Web3, which comes one step closer to becoming reality everyday. Today’s Internet is outdated There is an illusion…