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Showing posts with the label smart contracts

BNB Greenfield: Decentralized storage on BNB Chain

BNB Greenfield: Decentralized Storage on BNB Chain BNB Greenfield is a decentralized storage solution built within the BNB Chain ecosystem, aiming to revolutionize how data is stored, accessed, and monetized in Web3. It enables users and developers to create, store, and manage data on a decentralized network while maintaining full ownership and control. Unlike traditional cloud storage, BNB Greenfield operates through a network of decentralized storage providers (SPs) that store user data in a secure and censorship-resistant way. Users upload files, which are encrypted and split across multiple nodes, ensuring privacy and redundancy. Access permissions and data interactions are managed through smart contracts on the BNB Smart Chain (BSC), linking storage functionality with DeFi, NFTs, and dApps. What sets Greenfield apart is its seamless integration with the broader BNB Chain ecosystem. Developers can build decentralized applications that interact directly with stored data, enabling dy...

The Impact of Web3 Technologies on the Future of Work

The Impact of Web3 Technologies on the Future of Work! The evolution of the internet has been marked by major technological shifts, from the static Web1 to the interactive Web2, and now, the decentralized Web3. This transformation is redefining the future of work, introducing new paradigms in employment, collaboration, and financial independence. Understanding Web3 in the Workplace Web3 represents a decentralized internet powered by blockchain technology, smart contracts, and token economies. Unlike traditional internet structures where centralized entities control data and digital assets, Web3 enables individuals to have ownership and control over their online interactions, identities, and earnings. This shift brings numerous advantages to the workplace, including increased transparency, automation, and new forms of digital employment. Key Ways Web3 is Shaping the Future of Work 1. Decentralized Workspaces and DAOs Decentralized Autonomous Organizations (DAOs) are revolutionizing cor...

Okra Finance partners with Vera to allow institutions to access NFT assets and financial products as an instrumental part of the DeFi portfolio created utilizing Okra’s infrastructure.

The partnership showcases Okra’s on-chain asset management platform and composability of its unique technology . Our proprietary adaptors allow institutions to access a wide range of DeFi strategies in a cost and operational efficient manner. Institutions can layer multiple strategies, yields and risk management across different asset classes (such as Fungible Crypto, NFT and Security Tokens) within a single smart contract transaction. Our mission is to spearhead institutional access to crypto as a long-term asset class offering unique risk-reward. Despite recent success, NFT technology is still in the early stage of growth. With buy/sell marketplaces for digital art and in-game assets are early use cases, it is projected that several other sectors such as music, entertainment, consumer goods, and real estate will witness much broader adoption of NFTs in the near future, expanding the potential NFT market size to be in the trillions of dollars. Understanding the market demand , Vera...

Euler Finance to enter talks with exploiter over the return of funds

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The flash loan exploiter claims they have "no intention of keeping what is not ours" and wants to "come to an agreement" with Euler Finance. Ethereum-based lending protocol Euler Finance could be a step closer to recovering funds stolen in a $196 million flash loan attack last week, with private discussions now initiated with the exploit er. In an on-chain message to Euler on March 20, days after sending funds to a red-flagged North Korean address, the exploiter claimed they now want to “come to an agreement” with Euler. “We want to make this easy on all those affected. No intention of keeping what is not ours. Setting up secure communication. Let us come to an agreement,” said the exploiter. The hacker’s most recent public on-chain message to Euler. Source: Etherscan Hours later, Euler replied with its own on-chain message, acknowledging the message and asking the exploiter to talk “in private,” stating: “Message received. Let's talk in private on blockscan v...