U.S. inflation comes in a full 0.3% higher than expected, causing a dollar strength spike and the euro to fall below parity with USD.
Saudi Arabia is a significant market for digital currencies with the country’s favorable regulatory climate, large consumer base and increasing interest in cryptocurrencies, a new KuCoin survey says.
Revuto is changing the perception of NFTs by adding real-world utility in the shape of a lifetime subscription to Netflix and Spotify That’s right, with Revuto’s new Revulution NFTs you’ll never need to pay for your favorite video or music streaming service ever again. Just pay once upfront and you’ll enjoy full, uninterrupted access for as long as you live – or until you decide you want to sell it. Revuto can make this unusual offer because it has come up with one really cracking innovation that promises to revolutionize the way people pay for and manage their subscriptions. Using NFTs, the company has hit on the idea of tokenizing subscriptions to just about any kind of service. As well as Netflix and Spotify, its Revulution NFTs can be used to buy access to software services like Microsoft Office, a gaming service like Nvidia GeForce, a subscription to your local gym and many more besides. It’s a big deal and it’s really clever how it works. Rather than making dozens of deals with individual subscription providers, Revuto has teamed up with Railsr, a banking service, to issue digital debit cards to each NFT holder. These cards are used to pay for whatever subscription the NFT represents. The great thing about Revulution NFTs is that they’re incredibly flexible and also tradable. Users can go to Revuto and buy a Revulution NFT for whatever service they’re interested in, for any duration they want – a week, a month, three months or a year – and if ever they decide they no longer need it, they can sell it or give it to someone else, allowing that person to take over their subscription for the remaining period. If someone sells a Revulution NFT, the existing virtual debit card will be canceled, with a new one issued to whoever the NFT was sold to. Then, Revuto will continue topping up that new card with just enough cash to pay for the subscription when it’s due, until such time as the subscription period ends. Once that time comes, the NFT can be disposed of by sending it to an address provided by Revuto. It’s a wonderful idea that promises to recoup lots of money that’s wasted on unused subscriptions. As Revuto explained in its announcement, something like 50% of consumers admit to paying for a subscription that they never actually use. It’s common because people’s circumstances change all the time. You might sign up to Netflix for a year, but there’s no way to refund that subscription. Then perhaps you get married and your new better half hates watching TV, or maybe you move in with someone who already has their own Netflix account. In such cases, the money pre-spent on that subscription is wasted and there’s no way to get it back. While Netflix undoubtedly appreciates your custom, it’s not so sympathetic that it will dish out refunds whenever situations like this occur. Revuto provides the solution to this conundrum. The Revulution NFTs can simply be sold on any NFT marketplace, allowing users to recoup money that would otherwise be wasted. “With such a unique approach, Revuto is introducing something completely new to the world of subscriptions,” said Revuto co-founder Josipa Majić. “Something that will enable the creation of an entirely new market of prepaid unused subscriptions.” Revuto’s offer of a lifetime subscription to Netflix or Spotify is the first instance of its Revulution NFTs. While regular Revulution NFTs will have an expiry date, the 10,000 limited edition tokens provide forever access to either of the popular streaming services (the buyer must choose which one they want) for a one-time fee of just $349. Revuto has already made a big name for itself thanks to its subscription management app, which allows users to purchase a subscription to multiple services using crypt and enjoy discounts when doing so. To date, the app has accumulated more than 350,000 users. With that in mind, there’s likely to be big demand for the limited edition Netflix and Spotify NFTs. “Our Revulution NFT for Netflix or Spotify is just the start, and also an introduction to the subscription NFTs that people will be able to use to pay for any subscription in the world, for however long they want,” Majić added.
Bitcoin’s blast off to becoming “space money” takes one giant leap with a satellite full node in Brazil.
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As the multichain world becomes a regular part of our daily crypto-economic activities, having reliable bridges across networks will only grow in importance. That is why Connext, one of the leading interoperability protocols live today, just launched its integration of Gelato’s industry-leading execution network to automate the fulfillment of cross-chain token transfers across Polygon, Fantom,…
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The summit, now in its 14 year, featured luminaries from the Web3 space, including CESS Chairman Nicholas Zaldastani, who provided a technical, operational, and business-focused deep dive into Web3. CESS, Cumulus Encrypted Storage System, is a third-generation decentralized, cloud-based data storage protocol built for Web 3.0. Despite the rapid ascent of Web3 technologies to the forefront of discussions on how the world should connect, share, and do business, many people have misconceptions about the growth trajectory of this bleeding-edge technology, the business opportunities for leveraging Web3, and the role of Web3 in the wider tech space. Within this context, IVS Crypto 2022 held a special panel on July 8, 2022, to discuss everything related to Web3. Moderated by Masa Kakiya of Consensys, the panel included industry leaders from Bware Labs, Nakji Network, and Google, and also featured Nicholas Zaldastani, the Chairman of CESS. Among the topics that were discussed were the following: What is Web3? How – and why – should businesses join the Web3 revolution? What are some of the larger opportunities within the Web3 space? The panel also talked in-depth about how to develop Web3-native apps; the benefits of decentralized, Web3-based infrastructures over Web2 systems; how businesses can transition to Web3 from Web2; and how new users can be onboarded to work within this new, groundbreaking paradigm. CESS Chairman Nicholas Zaldastani commented on the conference and said: “Web3 is about bringing together the world’s computing power, data, and networks in a highly secure distributed system. From historic mainframes to Web2.0 to the blockchain, Web3 is the most sophisticated technological endeavor ever. It will not only make our existing applications more effective and secure but will also bring about a completely new set of applications that we have never thought possible. CESS is the Web3 storage system that will ensure that this is all possible.” Part of Mr. Zaldastani’s talk centered around ensuring that products and applications meet and scale to user expectations given the explosive adoption of Web3, ensuring fast and performant bare metal configurations that contain large storage capacities, and how to succeed as a Web3-native business operating in a fast, free, and user-centric world. To many, Web3 is such a revolutionary new way of doing things that it has caught some people off guard, and they are therefore a little wary of joining the movement without first fully understanding it – even given its numerous benefits and the unique value proposition of Web3-based technologies. As a decentralized storage solution that will act as the foundation for the Web3 apps of the future, CESS is educating the tech space about its vision of Web3, decentralized storage, and future trends for the tech space to move the entire industry forward. CESS is a decentralized storage solution with a unique infrastructure that separates storage, scheduling, consensus, and the application layer. This helps optimize network performance and achieve massively scaled speeds of up to 10,000 TPS. Combined with improved efficiency, lower costs, amplified storage capabilities, unique incentive mechanisms for miners and network participants, and a successful private funding raise, CESS is suitably positioned to deliver on its USPs of high data assurance with high availability, storage space maximization, speedy data retrieval on the order of milliseconds, and smart integrations and APIs – including support for WASM and EVM compatibility – that will help roll out CESS to real-life platforms and projects. Learn more about the conference here and read more about how CESS is changing the narrative for decentralized Web3 storage here.
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The Tesla and SpaceX CEO had flirted with the idea of adding DOGE payments to Twitter.