Web3

Home Web3 Page 8

Exploring Future Digital Trends in Brand Strategy

In the rapidly evolving digital landscape, brand strategy is undergoing a profound transformation. As technology continues to advance at an unprecedented pace, companies are compelled to rethink how they engage with consumers and position their brands. This article delves into the future of digital trends in brand strategy, exploring the evolving dynamics, key technological advances, and the necessary adaptations required for brands to thrive in a digital-first world.

Navigating the Evolution of Digital Brand Strategies

Digital brand strategies have undergone significant changes over the past decade. The shift from traditional marketing methods to digital-first approaches has been driven by the rise of the internet and the proliferation of connected devices. As consumers become increasingly tech-savvy, brands must navigate this evolution by embracing digital channels and platforms to effectively reach their target audiences. This transition requires a fundamental rethinking of how brands communicate their value propositions and engage with consumers in a digitally dominated environment.

The evolution of digital brand strategies is marked by the growing importance of personalization. Consumers today expect tailored experiences that resonate with their individual preferences and needs. Brands are leveraging data analytics and artificial intelligence to gather insights into consumer behavior and deliver personalized content and recommendations. This trend is reshaping brand strategies, as companies strive to create meaningful connections with consumers through personalized interactions that foster brand loyalty and advocacy.

Another significant aspect of this evolution is the rise of social media as a powerful branding tool. Social media platforms have become integral to brand strategies, offering a direct line of communication between brands and their audiences. Brands are leveraging social media to build communities, engage with consumers in real-time, and amplify their messaging. The evolution of social media algorithms and features requires brands to stay agile and adapt their strategies to maximize reach and engagement in this dynamic digital ecosystem.

The evolution of digital brand strategies is also influenced by the increasing importance of brand storytelling. In a crowded digital landscape, brands need to differentiate themselves by crafting compelling narratives that resonate with their audiences. Storytelling allows brands to connect with consumers on an emotional level, creating a lasting impact. Digital platforms offer diverse storytelling formats, from short-form videos to immersive experiences, enabling brands to experiment and innovate in their storytelling approaches.

Furthermore, the evolution of digital brand strategies is characterized by the growing emphasis on brand authenticity and transparency. Consumers today are more discerning and value brands that are genuine and transparent in their communications. Brands are responding by embracing authenticity in their messaging, showcasing their values, and addressing social and environmental issues. This shift towards authenticity is reshaping brand strategies, as companies strive to build trust and credibility in an increasingly skeptical digital landscape.

Lastly, the evolution of digital brand strategies is driven by the need for agility and adaptability. The digital landscape is constantly evolving, with new technologies and trends emerging at a rapid pace. Brands must be agile in their strategies, ready to pivot and adapt to changing consumer expectations and market dynamics. This requires a flexible approach, where brands continuously monitor and analyze digital trends, experiment with new technologies, and iterate their strategies to stay ahead of the curve.

Key Technological Advances Shaping Brand Futures

Artificial intelligence (AI) stands at the forefront of technological advances shaping the future of brand strategies. AI is transforming how brands interact with consumers by enabling personalized experiences, predictive analytics, and automated customer service. With AI, brands can analyze vast amounts of data to gain insights into consumer behavior, preferences, and trends, allowing them to tailor their strategies and offerings to meet individual needs. This technology empowers brands to deliver highly targeted and relevant content, enhancing customer satisfaction and brand loyalty.

The rise of augmented reality (AR) and virtual reality (VR) is revolutionizing brand experiences. These immersive technologies offer brands new avenues to engage with consumers by creating interactive and memorable experiences. AR and VR enable brands to showcase products in innovative ways, allowing consumers to visualize and interact with them virtually. This technology is particularly impactful in industries such as retail, real estate, and tourism, where consumers can explore products and destinations from the comfort of their homes, enhancing their decision-making process and driving brand engagement.

Blockchain technology is another key advancement shaping the future of brand strategies. With its decentralized and transparent nature, blockchain offers brands opportunities to enhance trust and security in their interactions with consumers. Brands can leverage blockchain for supply chain transparency, ensuring the authenticity and origin of products. Additionally, blockchain-based loyalty programs and digital currencies enable brands to create unique and secure customer experiences, fostering brand loyalty and differentiation in a competitive market.

The Internet of Things (IoT) is transforming brand strategies by connecting devices and enabling seamless interactions between brands and consumers. IoT allows brands to gather real-time data on consumer behavior, preferences, and usage patterns, providing valuable insights for personalized marketing and product development. Brands can leverage IoT to create connected experiences, such as smart home devices and wearables, that enhance convenience and engagement. This technology offers brands the opportunity to become an integral part of consumers’ daily lives, strengthening their brand presence and relevance.

Voice technology is rapidly gaining traction and reshaping brand strategies. With the rise of voice-activated devices and virtual assistants, brands are exploring new ways to engage with consumers through voice interactions. Voice technology enables hands-free and convenient experiences, allowing consumers to interact with brands effortlessly. Brands are optimizing their content for voice search and developing voice-enabled applications to enhance customer experiences. As voice technology continues to evolve, brands must adapt their strategies to leverage this emerging trend and stay connected with their audiences.

Data analytics and big data are pivotal in shaping the future of brand strategies. The ability to collect, analyze, and interpret vast amounts of data empowers brands to make informed decisions and drive their strategies. Data analytics enables brands to understand consumer behavior, identify trends, and measure the effectiveness of their marketing efforts. By leveraging data insights, brands can optimize their campaigns, personalize experiences, and identify new growth opportunities. The integration of data analytics into brand strategies is essential for brands to remain competitive and relevant in an increasingly data-driven digital landscape.

Adapting Brand Strategies for a Digital-First World

In a digital-first world, brands must prioritize digital channels and platforms to effectively reach and engage with their audiences. This shift requires brands to adapt their strategies to leverage the full potential of digital technologies. Brands need to invest in building a strong online presence, optimizing their websites for search engines, and creating compelling content that resonates with their target audiences. By embracing a digital-first approach, brands can expand their reach, increase brand visibility, and drive customer engagement in an increasingly digital landscape.

To adapt brand strategies for a digital-first world, brands must embrace a customer-centric approach. Understanding consumer behavior, preferences, and needs is crucial for developing effective digital strategies. Brands need to invest in data analytics and consumer insights to gain a deep understanding of their audiences. By leveraging this information, brands can create personalized experiences, tailor their messaging, and deliver relevant content that resonates with consumers. A customer-centric approach enables brands to build meaningful connections, foster brand loyalty, and drive long-term success in a digital-first world.

Brands must also adapt their strategies to leverage the power of social media in a digital-first world. Social media platforms offer brands the opportunity to connect with their audiences, build communities, and amplify their messaging. Brands need to develop a strong social media presence, engage with their audiences in real-time, and create compelling content that sparks conversations and drives engagement. By harnessing the power of social media, brands can enhance brand awareness, drive customer loyalty, and stay relevant in a fast-paced digital landscape.

In a digital-first world, brands need to prioritize mobile optimization in their strategies. With the increasing use of smartphones and mobile devices, consumers are accessing digital content on the go. Brands must ensure that their websites, applications, and content are optimized for mobile devices to provide seamless experiences. Mobile optimization includes responsive design, fast-loading pages, and intuitive navigation. By prioritizing mobile optimization, brands can enhance user experiences, drive mobile engagement, and capture the attention of their audiences in a mobile-driven digital landscape.

To adapt brand strategies for a digital-first world, brands must embrace innovation and experimentation. The digital landscape is constantly evolving, with new technologies and trends emerging at a rapid pace. Brands need to stay agile and open to exploring new opportunities. This includes experimenting with emerging technologies, such as AI, AR, and voice, and exploring new digital channels and formats. By embracing innovation and experimentation, brands can stay ahead of the curve, differentiate themselves from competitors, and drive growth in a digital-first world.

Lastly, brands must prioritize data privacy and security in their digital strategies. With the increasing amount of personal data being collected and shared, consumers are becoming more concerned about their privacy and security. Brands need to ensure that they are transparent in their data practices, comply with relevant regulations, and prioritize data protection. By prioritizing data privacy and security, brands can build trust and credibility with their audiences, mitigate risks, and maintain strong relationships in a digital-first world.

As we look to the future, the digital landscape will continue to evolve, presenting both challenges and opportunities for brands. By navigating the evolution of digital brand strategies, embracing key technological advances, and adapting to a digital-first world, brands can position themselves for success. The future of brand strategy lies in the ability to leverage digital technologies, deliver personalized experiences, and build meaningful connections with consumers. By staying agile, innovative, and customer-centric, brands can thrive in the ever-changing digital landscape and create lasting impact in the minds of their audiences.

Another Publicly Traded Firm Just Adopted a Bitcoin Reserve Strategy – Decrypt

0
Another Publicly Traded Firm Just Adopted a Bitcoin Reserve Strategy – Decrypt



Matador Technologies, a Canadian crypto firm, said Monday that it would begin leveraging Bitcoin as a treasury reserve asset, starting with a $4.5 million purchase later this month.

The little-known company has been developing a platform on top of Bitcoin’s network, which will enable users to one day purchase and trade digital representations of gold, according to a press release. The company previously said it’s targeting a launch of “early 2025” for said platform. 

The company, formerly known as Scaling Capital 1, began trading on the TSX Venture Exchange last week under its new name. Since Matador’s debut last Tuesday, its stock price has fallen 35% from a closing price of $0.90 to $0.58, as of this writing.

Since software firm MicroStrategy began purchasing Bitcoin in 2020—ultimately amassing more than $41 billion worth as of this writing—major tech companies like Tesla have brought the asset onto their own balance sheets.

But with firms like Microsoft declining to take that route recently, many companies following in MicroStrategy’s footsteps have been relatively small. With a market capitalization of $49.5 million, Matador undoubtedly fits within that group.

Eventually, Matador plans on releasing a mobile application that lets users “buy, sell, and store gold 24/7,” according to a press release. But the company has said it plans to “build a significant portfolio of products” beyond the precious metal, according to its website.

Matador said Monday that its Bitcoin-buying endeavors were unanimously approved by the company’s board of directors. As part of the move, Matador said it would meanwhile shift the majority of its cash balances to the U.S. dollar, while ditching Canada’s official currency. 

The Canadian firm said that it had assessed its platform’s viability on Ethereum and Solana, but Bitcoin was chosen for its secure and stable network at the end of the day. Matador added that physical gold reserves backing its digital representations will be held at the Royal Canadian Mint, a corporation owned solely by the Canadian government.

“Matador’s board and management believe in using Bitcoin to future-proof our treasury,” Matador President Sunny Ray said in a statement. “This step also supports our mission to explore using Bitcoin as a platform for our gold-based products.”

Among firms that have adopted Bitcoin this year, the Japanese investment firm Metaplanet has built up a $164 million stash since its first purchase in April, according to Bitcoin Treasuries. But there’s overlap between Metaplanet and Matador beyond Bitcoin and starting with the letter M.

BTC Inc., the parent company of Bitcoin Magazine, is known for hosting a popular line of Bitcoin conferences, but it also operates UTXO Management as its investment arm. 

The company’s co-founder and managing partner, Tyler Evans, sits on Metaplanet’s board of directors. In a press release earlier this month, Matador said that Evans would serve on its board of directors as well.

Matador, Evans, and Metaplanet did not immediately respond to a request for comment from Decrypt.

Edited by Andrew Hayward

Daily Debrief Newsletter

Start every day with the top news stories right now, plus original features, a podcast, videos and more.



Source link

Metaplanet Snaps Up More Bitcoin in Biggest Single Buy to Date – Decrypt

0
Metaplanet Snaps Up More Bitcoin in Biggest Single Buy to Date – Decrypt



A little-known Japanese investment firm that made headlines for its Bitcoin buys just snapped up more of the biggest cryptocurrency. 

Metaplanet, which trades on the Tokyo Stock Exchange, announced Monday that it had bought 619.7 Bitcoin for a total of 9.5 billion yen ($60.5 million)—its largest single purchase of the orange coin. 

Only last week, Metaplanet said it would accelerate its Bitcoin buys by issuing debt. As of Monday, it owned 1,761.98 Bitcoin. That’s over $164 million in the biggest digital asset at today’s prices.

The company is copying the model established by American software firm MicroStrategy, which in 2020 started buying Bitcoin as a strategy to get shareholders the best value for money. It now holds 444,262 BTC—valued above $41 billion—following its latest buy

MicroStrategy works to securitize Bitcoin, buying the asset and allowing investors to get exposure to it via its Nasdaq-listed shares. 

But in Japan, not everyone with exposure to Metaplanet might be happy with the firm copying MicroStrategy: The company’s stock dipped hard last week on news that the firm would become a “Bitcoin treasury” with a “responsibility as a pioneer in the country’s Bitcoin ecosystem.”

Bitcoin is currently trading for $92,625 per coin, a more than 3% drop over 24 hours and a 13% fall over a seven-day period, CoinGecko data shows. 

Edited by Andrew Hayward

Daily Debrief Newsletter

Start every day with the top news stories right now, plus original features, a podcast, videos and more.



Source link

Deploy a Witness Watchover Node on Supernoderz in Minutes!

0
Deploy a Witness Watchover Node on Supernoderz in Minutes!


SuperNoderz, a user-friendly platform, simplifies the deployment of WitnessChain Watchover nodes, enabling seamless participation in the decentralized infrastructure ecosystem. If you’re looking to contribute to DePINs, this guide will walk you through every step.

If you want to watch the Video tutorial, click below or head over to our YouTube channel.

What is WitnessChain?

WitnessChain enables DePIN projects to share information about their physical locations, network capacities, and more. This will allow DePINs to connect with each other, establishing an end-to-end supply chain of decentralized infrastructureWitness Chain enables DePIN projects to share info about their physical locations, network capacities, and more. This will allow DePINs to connect with each other, establishing an end-to-end supply chain of decentralized infrastructure

Deploying WitnessChain Watchover Node with Supernoderz ✅

Step 1: Create an EVM Wallet account

Go to https://metamask.io/download/ and download the Chrome extension

2. Once the download is finished, you will be redirected to the account creation page

3.Follow the prompts to create a wallet and Securely store your Secret Recovery Phrase (8, 12, or 16 words). This phrase is essential for recovering your wallet and its funds if access is lost.

4.Once completed, go to the account dropdown; you can use either 1 or 2 to select account details

5.Click Show Private Key and enter your wallet password. Copy and securely save the private key for later use.

Step 2: **Deploying Watchover Node using SuperNoderz

**

1. Now, go to https://www.supernoderz.com and login with gmail.

2. Once in, go to the marketplace and select WitnessChain Watchover

3. Once you click on this, you will see the following fields to be filled.

Node Name: Enter a unique name for your node (e.g., test123).

Latitude and Longitude: These values will be auto-detected based on your location.

Private Key: Paste the private key obtained in Step 1.

Public Key: Enter your wallet address.

4. Once completed, Click Deploy. After deployment, you’ll be redirected to your dashboard to monitor logs and node activity.

5. And that is it; that’s all you require to deploy the WitnessChain Watchover seamlessly. Now you just need to register your watchover

6. Go to the link here and copy the first command. Paste it in the terminal (iterm for Mac users, terminal for Linux users) to install the Witness CLI.

7.This is how the output will look like:

8. Copy the second command from the registration documentation. Replace the placeholder with your private key.

9. Once you paste it, the final output will look like this:

10. The final output will confirm successful registration as a Proof-of-Location (PoL) node.

Conclusion:

In conclusion, deploying a WitnessChain Watchover node using Supernoderz is straightforward and can be completed in just a few steps. Supernoderz allows users to easily set up the Node without extensive technical knowledge, making it accessible to more participants. Following the steps outlined in this guide, users can quickly and easily deploy their Node and contribute to the network.

References:



Source link

Deploy a Witness Watchtowers Node on Supernoderz in Minutes!

0
Deploy a Witness Watchtowers Node on Supernoderz in Minutes!


SuperNoderz, a user-friendly platform, simplifies the deployment of WitnessChain watchtowers nodes, enabling seamless participation in the decentralized infrastructure ecosystem. If you’re looking to contribute to DePINs, this guide will walk you through every step.

If you want to watch the Video tutorial, click below or head over to our YouTube channel.

What is WitnessChain?

WitnessChain enables DePIN projects to share information about their physical locations, network capacities, and more. This will allow DePINs to connect with each other, establishing an end-to-end supply chain of decentralized infrastructureWitness Chain enables DePIN projects to share info about their physical locations, network capacities, and more. This will allow DePINs to connect with each other, establishing an end-to-end supply chain of decentralized infrastructure

Deploying WitnessChain Watchtowers Node with Supernoderz ✅

Step 1: Create an EVM Wallet account

Go to https://metamask.io/download/ and download the Chrome extension

2. Once the download is finished, you will be redirected to the account creation page

3.Follow the prompts to create a wallet and Securely store your Secret Recovery Phrase (8, 12, or 16 words). This phrase is essential for recovering your wallet and its funds if access is lost.

4.Once completed, go to the account dropdown; you can use either 1 or 2 to select account details

5.Click Show Private Key and enter your wallet password. Copy and securely save the private key for later use.

Step 2: Deploying Watchtowers Node using SuperNoderz

1. Now, go to https://www.supernoderz.com and login with gmail.

2. Once in, go to the marketplace and select WitnessChain Watchtowers

3. Once you click on this, you will see the following fields to be filled.

Node Name: Enter a unique name for your node (e.g., test123).

Latitude and Longitude: These values will be auto-detected based on your location.

Private Key: Paste the private key obtained in Step 1.

Public Key: Enter your wallet address.

4. Once completed, Click Deploy. After deployment, you’ll be redirected to your dashboard to monitor logs and node activity.

5. And that is it; that’s all you require to deploy the WitnessChain Watchtowers seamlessly. Now you just need to register your Watchtowers

6. Go to the link here and copy the first command. Paste it in the terminal (iterm for Mac users, terminal for Linux users) to install the Witness CLI.

7.This is how the output will look like:

8. Copy the second command from the registration documentation. Replace the placeholder with your private key.

9. Once you paste it, the final output will look like this:

10. The final output will confirm successful registration as a Proof-of-Location (PoL) node.

Conclusion:

In conclusion, deploying a WitnessChain Watchtowers node using Supernoderz is straightforward and can be completed in just a few steps. Supernoderz allows users to easily set up the Node without extensive technical knowledge, making it accessible to more participants. Following the steps outlined in this guide, users can quickly and easily deploy their Node and contribute to the network.

References:



Source link

AI in Education: Breaking Barriers and Building Bridges – Web3oclock

0
AI in Education: Breaking Barriers and Building Bridges – Web3oclock


The Role of AI in Education

Case Studies of AI in Education

Challenges of AI in Education

The Future of AI in Education

Adaptive Learning Platforms: DreamBox and Coursera include AI algorithms that reformulate content with students’ progress and understanding.

Customized Feedback: AI offers instant feedback, to ensure students have understood concepts, before moving further. 

Digital Lessons: AI-Powered Platforms presents lessons through incorporating highly engaging video lessons using quizzes and simulations. 

Content Creation: AI could build quizzes, assignments, and even curriculum plans within several minutes. 

24/7 Availability: There are many platforms, including Carnegie Learning, that provide on-demand tutoring. 

Cost Effective: Virtual tutors save costs on hiring personal tutors. 

Automatic Grading: AI is able to grant the students the marks they receive for answering any type of question multiple-choice or essay.

Streamlined Communication: Answers by chatbots lessen the burden on administrators by allowing students to ask questions without raising their heads.

Language Translation: Duolingo and Google Translate provide for students to be educated in their local language.

Accessibility Features: AI-enabled speech-to-text and screen readers enable persons with inputs to be used for the disabled.

Analytics: AI instruments will watch student progress, flagging areas where improvements within learning have to be made.

Benefits: Strategies can be tailored by educators to help struggling students or provide more enhanced curriculum for advanced students.

7. Promoting Lifelong Learning:

Applications: Platforms like LinkedIn Learning and Coursera offer AI-curated courses that align with career goals.

Outcome: Individuals can learn at their own pace, acquiring new skills to stay relevant in evolving industries.

Initiatives: AI-driven applications and World Wide Web portals are able to help students get high-quality education outside big cities or from less privileged areas. 

Impact: This democratization will be effective in closing the gap in education within the world, one student at a time.

Case Studies: AI in Education

1. Carnegie Learning: AI-Powered Math Tutoring

Improved student outcomes with an average increase of 30% in math proficiency.

Teachers could track real-time performance, enabling targeted interventions.

Success Stories: Schools using MATHia reported better engagement and reduced math anxiety among students.

2. Microsoft Immersive Reader: Accessibility for Diverse Learners

Features like text-to-speech, font customization, and translation made reading accessible to students in over 60 languages.

Increased inclusivity in classrooms, ensuring that all students could participate effectively.

Case Study: A school district in Colorado implemented Immersive Reader and saw a 40% improvement in literacy rates among struggling readers within a year.

3. Squirrel AI: Adaptive Learning in China

The platform identified knowledge gaps and adjusted lessons to address individual needs.

Students who used Squirrel AI for just six months performed 30% better than their peers in traditional classrooms.

Reach: Over 2,600 learning centers in China now use Squirrel AI, making quality education accessible even in remote areas.

4. Duolingo: AI in Language Learning

The AI algorithm adapts exercises to match a learner’s proficiency, ensuring retention and progression.

With over 500 million users worldwide, Duolingo has made language learning accessible and engaging.

Case Study: In a controlled study, Duolingo users were found to achieve language proficiency equivalent to a semester of university-level coursework in 34 hours.

5. Third Space Learning: AI for One-on-One Tutoring

The AI analyzes student interactions during lessons to provide tutors with data-driven insights for tailored teaching.

Over 80,000 students have benefited from improved math skills, particularly in underprivileged communities.

Case Study: A London school district using the platform saw a 20% improvement in test scores among students receiving AI-assisted tutoring.

The Future of AI in Education: A New Era of Learning



Source link

Introducing SVR: A Chainlink-Powered MEV Recapture Solution For DeFi

0
Introducing SVR: A Chainlink-Powered MEV Recapture Solution For DeFi


We’re excited to introduce Chainlink Smart Value Recapture (SVR)—a novel oracle solution designed to enable DeFi applications to recapture the non-toxic Maximal Extractable Value (MEV) derived from their use of Chainlink Price Feeds. 

The initial version of Chainlink SVR was built in collaboration with BGD Labs, Flashbots, and other contributors to the Aave DAO and will initially focus on enabling DeFi lending protocols to recapture oracle-related MEV from liquidations. Built on top of Chainlink infrastructure, SVR systematically reduces unnecessary third-party dependencies and eliminates the need to integrate intermediary smart contracts, making it a very minimal lift for existing Chainlink Price Feed users to adopt SVR.

This version of SVR-enabled Price Feeds leverages Flashbots MEV-Share and a novel onchain “Dual Aggregator” contract architecture to provide efficiency and enhanced fallback security. Chainlink SVR is currently live on testnet and will soon launch on Ethereum mainnet. A future, fully custom implementation is planned to introduce further improvements, including increased decentralization, a DON-based auction system, enhanced gas efficiency, and cross-chain capabilities.

The integration of Chainlink SVR by the Aave community is currently undergoing governance approval and can be read on the Aave forum. The value recaptured by SVR not only provides DeFi protocols with a new revenue stream, but can be used to promote the long-term economic sustainability of Chainlink oracles, ultimately ensuring DeFi protocols maintain access to highly secure and reliable oracles.

How Oracles in DeFi Create MEV Opportunities

Maximal Extractable Value (MEV) refers to the value derived from the ability of block proposers (within blockchain networks) to include, exclude, or change the order of transactions in the blocks they produce. Today, these transaction ordering opportunities are identified by searchers, who bid via a competitive auction for the right to order transactions in the block. The value is then captured by the participants of the block building process such as searchers, builders, and validators. 

As a sub-set of MEV, “Oracle Extractable Value” (OEV) refers to the MEV created during the transmission of oracle reports onchain and their subsequent consumption by onchain applications. The most common OEV opportunity is seen with lending protocols, namely during the liquidation process where searchers compete for the right to liquidate an at-risk position and earn a liquidation bonus reward. On Ethereum, the process of auctioning blockspace is commonly achieved through Flashbot’s MEV-Boost, enabling searchers to backrun a price oracle report update with a liquidation transaction via transaction bundling. 

Today, the value associated with oracle-related MEV, such as liquidations, is captured by the searchers, builders, and validators of a blockchain network, with none returning back the DeFi protocols, end-users, and oracles that originally generated the oracle-related MEV. Recapturing this non-toxic MEV would ultimately return value back to its originator. 

Note: The term “OEV” can be considered to be a misnomer, as it does not refer to oracles actively extracting value away from users, but rather relating the existence of oracle-related MEV. We use the term “OEV” here as it’s commonplace to use in reference to this type of MEV. 

Why Chainlink SVR?

Chainlink Labs and the broader Chainlink community have been actively researching solutions around MEV for a number of years, such as research on Fair Sequencing Services (FSS) and Protected Order Flow (PROF). As a subset of MEV, we’ve also engaged in research around OEV and how DeFi protocols can recapture this value and to help support the economic sustainability of oracles. We’ve analyzed various OEV designs in order to realize a solution that maximizes security, reliability, and long-term economic viability. 

From our research, we’ve successfully developed an initial version of an OEV solution called Smart Value Recapture (SVR). Chainlink SVR is built specifically for backrunning as it pertains to liquidations and cannot be used for frontrunning or sandwich attacks, which are toxic forms of MEV that harm the user experience and for which the Chainlink network and community has actively engaged in research on solutions to mitigate this problem for many years. 

We believe Chainlink SVR is best suited to offer a native MEV recapture solution, as Chainlink Price Feeds already help secure many of the largest DeFi protocols and have a proven track record of security and reliability. In integrating a Chainlink-powered MEV recapture solution, DeFi protocols can retain this Chainlink security and reliability while also further increasing the economic sustainability of themselves and the Chainlink infrastructure they rely on. 

Some of the notable benefits of Chainlink SVR include:

SVR is underpinned by the same time-tested and battle-hardened decentralized oracle network (DON) infrastructure that has powered Chainlink Price Feeds for the past 5+ years—which have successfully secured \$75 billion in DeFi TVL at its peak and enabled $17 trillion in transaction value.
SVR reduces unnecessary third-party vendor risks to protocols already consuming Chainlink Price Feeds, reducing their overall attack vector and preventing unnecessary third parties from siphoning economic value.
SVR doesn’t require DeFi protocols to integrate intermediary contracts or to “wrap” Chainlink Price Feeds, ensuring more efficient smart contract workflows that remove the need for DeFi protocols to materially change how they consume oracle data.
With Chainlink being the most widely used oracle solution across DeFi, SVR can drive economies of scale where the most opportunities and highest revenue potential for searchers and subsequently DeFi protocols exists.  

Based on real-world testing, we believe Chainlink SVR can expect to achieve a realistic value recapture rate of approximately 40% (i.e., for every \$100 that would have been leaked via liquidation MEV, \$40 was recaptured). While some alternative solutions have claimed to achieve a higher efficiency rate for recapturing liquidation MEV, we have not seen conclusive real-world data to showcase this. We believe that 40% is a conservative but realistic estimate—real life performance will be needed to gather actual data.

The initial version of SVR is only the beginning. Over time, Chainlink SVR aims to transition into a highly configurable, highly decentralized, generalizable, and cross-chain OEV solution built entirely on Chainlink’s battle-tested infrastructure. We are excited to see protocols maximize MEV revenue recapture across any supported chain while also eliminating unnecessary risks and timing delays introduced by alternative OEV solutions.  

How The Initial Version of Chainlink SVR Works

The initial implementation of Chainlink SVR will consist of a parallel set of Chainlink Price Feeds, powered by the same established DON architecture that secures existing Price Feeds.

Chainlink Price Feeds provide the market-wide, volume-weighted average price of crypto assets by using decentralized oracle networks and multiple independent data sources.

SVR-enabled Chainlink Price Feeds will be deployed in order to recapture liquidation-related MEV for lending protocols that integrate the solution, while also retaining the standard Chainlink Price Feeds as a fallback. The “Dual Aggregator” Price Feed design enables a single Chainlink Data DON to produce oracle reports exactly the same as they do today while transmitting the oracle report onchain via different methods. SVR Feeds are based on existing Chainlink contracts and interfaces, greatly reducing the integration burden on existing Chainlink users since minimal code changes are required (potentially even as minimal as pointing to the new aggregator or SVR feed).

The oracle report sent to the SVR-enabled Price Feed will transmit updates onchain via Flashbots MEV-Share, where the right to bundle a liquidation transaction with the oracle report update is auctioned to searchers in a permissionless manner. In parallel, the same oracle report is also transmitted onchain via the public mempool to the existing standard Price Feeds, which serves as a fallback to mitigate potential risk scenarios. Users of the standard Price Feed are completely unaffected by anything SVR-related, as it is opt-in.

The smart contracts underpinning Chainlink Smart Application Recapture (SVR).
The smart contract infrastructure underpinning Chainlink Smart Application Recapture (SVR).

In the case of a transmission failure by the SVR-enabled Price Feed (i.e., MEV-Share failure), there is a fail-safe mechanism to ensure that the feed can still report a price to the DeFi protocol. When the SVR-enabled Price Feed is determined to be stale by a configurable time period, it will return the latest price report from the standard Price Feed before the cutoff point. This delay is necessary to avoid liquidators extracting value by bypassing the value recapture mechanism provided by Chainlink SVR.

The figure below provides a high-level overview of how SVR is proposed to be integrated within Aave V3 on Ethereum.

The proposed implementation of Chainlink SVR with Aave.
The proposed implementation of Chainlink SVR with Aave v3 on Ethereum.

The flow in the figure works as follows: 

The Chainlink Data DON produces a price oracle report exactly as today (i.e., by a heartbeat or deviation threshold). However, the price report is transmitted twice, from different accounts.

One price report is transmitted to the standard Price Feed via the public mempool (the same as today).
Another price report is transmitted to an SVR Price Feed contract through a Flashbots Protect RPC endpoint.

MEV-Share is an open-source protocol that selectively shares data about transactions, such as price oracle updates, with searchers who bid to include the transactions in bundles shared with builders. Builders then select the highest searcher bid and include the relevant backrun and liquidation transactions in a block. If no bid is placed, then the price oracle report is published onchain without any backrunning liquidation transaction.
When the price report and the backrunning liquidation transactions are published onchain, then:

The price report updates the SVR Price Feed.
The backrunning transaction uses the price update to liquidate the relevant positions.
Most of the value is recaptured by Aave and Chainlink.

In the described example, the SVR feed returns an updated price. However, if no fresh price is available (e.g. if MEV-Share fails), the feed contract connected to Aave has a fail-safe mechanism that returns a price from the standard Chainlink Price Feed at an adjustable delay.

Economics

The oracle-related MEV recaptured by Chainlink SVR is planned to be split at a standard rate between integrating DeFi protocols and the Chainlink Network, with 60% of the value going toward the DeFi protocol and 40% to the Chainlink ecosystem. This split provides DeFi protocols with an additional revenue stream while also supporting the economic sustainability of Chainlink oracles by covering transaction gas costs and other ongoing infrastructure expenses. Note that these values may be subject to change in the future, with the goal of generating sustainable economics between DeFi protocols and the oracles that power them.

Because of the deep, long-standing partnership between the Chainlink and Aave communities and Aave’s role as a launch partner, the near-term revenue split proposed to Aave will be 65% to the Aave ecosystem and 35% to the Chainlink ecosystem for the first six months, starting from in-production integration—subject to the Aave community’s governance approval. 

We anticipate that Chainlink SVR will be one of the first Chainlink services connected to the Payment Abstraction system, subject to the results of security audits and deployment status. Payment Abstraction is a system of onchain smart contracts that help significantly reduce billing and payment friction for users and developers interacting with Chainlink services. The system is designed to convert fee tokens into LINK via existing Decentralized Exchange (DEX) contracts.

Interested in Recapturing MEV Through Chainlink SVR?

If you’re a DeFi protocol and are interested in integrating Chainlink SVR to recapture MEV, reach out or follow us for more updates in the future.

Disclaimer: This post is for informational purposes only and contains statements about the future, including anticipated product features, development, and timelines for the rollout of these features. These statements are only predictions and reflect current beliefs and expectations with respect to future events; they are based on assumptions and are subject to risk, uncertainties, and changes at any time. There can be no assurance that actual results will not differ materially from those expressed in these statements, although we believe them to be based on reasonable assumptions. All statements are valid only as of the date first posted. These statements may not reflect future developments due to user feedback or later events and we may not update this post in response. Please review the Chainlink Terms of Service, which provides important information and disclosures.



Source link

This Week in Crypto Games: Santa Brings Bitcoin, Ethereum Token Launch Frenzy – Decrypt

0
This Week in Crypto Games: Santa Brings Bitcoin, Ethereum Token Launch Frenzy – Decrypt



The crypto and NFT gaming space is busier than ever lately, what with prominent games starting to release, token airdrops piling up, and a seemingly constant array of other things happening at all times. It’s a lot to take in!

Luckily, Decrypt’s GG is all over it. And if you need a quick way to get caught up on the latest moves around crypto video games, we’re happy to present This Week in Crypto Games.

Our weekend roundup serves up the biggest news from the past week, along with a few other tidbits you might have missed. We also showcase a few of our original stories from the week.

Biggest news

Token launch frenzy: It was the week for Ethereum gaming token launches. The token generation event for Ethereum gaming platform Nifty Island took place on Wednesday, with ISLAND’s market cap landing around $15 million as of this writing.

Kaidro, a franchise with a webcomic, crypto game, and upcoming animated series, also launched its KDR token on Ethereum on Wednesday. Since its launch it has settled at a market cap of  just above $10 million. Also on Wednesday, arena battler Moonray launched its MNRY token, again on Ethereum. What a week!

Also, the Tomarket (TOMA) token finally launched on Aptos, with players of the Telegram game finally able to withdraw and trade their airdropped tokens. It apparently hasn’t gone well, however, with the price falling 50% since launch and the developers attempting to calm the community.

“We understand the frustration around token prices and airdrops, and we’re taking steps to address these challenges,” the Tomarket team wrote in a Telegram post.

Santa brings Bitcoin: Mobile crypto game Bitcoin Miner, which lets you earn real Bitcoin by mining fake coins on iOS and Android, launched a holiday event over the weekend that lets you earn hundreds of bonus satoshis (aka 1/100,000,000 BTC).

Running into the early hours of Monday, Santa’s Moonshot puts a Christmas-themed spin on the game’s normal weekend event, letting you build a rocket while unlocking bonus BTC and in-game boosts. You’ll mine fake coins like Snowlana and Elfereum, racking up more and more real Bitcoin along the way.

CyberKongz SEC: The U.S. Securities and Exchange Commission has issued a Wells notice to NFT gaming project CyberKongz, the developers said last week, marking the latest regulatory probe into an entity of its type. A Wells notice informs recipients that the regulator is planning on undertaking enforcement actions based on what it discovers from preliminary investigations.

“The SEC’s Division of Enforcement have approached us with very concerning rhetoric that you can not have a token (ERC-20) in tandem with a blockchain game without registering it as a security,” CyberKongz said in a statement Monday. The team added that it would “defend against this stance for the wider space.”

Philadelphia 76ers game: NBA team Philadelphia 76ers have launched “Spectrum Sprint,” a free-to-play mobile game with Web3 elements, in collaboration with Crypto.com—a team sponsor since 2021

The game uses a pixel art style, with side-scrolling gameplay that asks players to traverse iconic Philadelphia landmarks and dash down Broad Street towards the team’s former Spectrum arena. Gamers can unlock digital collectibles and compete for exclusive prizes across four tiers: Rookie, Pro, All-Star, and Legend.

ICYMI

GG spotlight

Here are a few of our original stories from this past week that we think are well worth a weekend read:

Edited by Andrew Hayward

GG Newsletter

Get the latest web3 gaming news, hear directly from gaming studios and influencers covering the space, and receive power-ups from our partners.





Source link

‘Bitcoin Miner’ Game Guide: 7 Tips to Earn More BTC on iOS and Android – Decrypt

0
‘Bitcoin Miner’ Game Guide: 7 Tips to Earn More BTC on iOS and Android – Decrypt


Bitcoin Miner is one of the most compelling mobile games we’ve played that pays out actual Bitcoin along the way. Unlike BTC-infused riffs on solitaire, sudoku, and other classic games, it does so in a colorful, recursive game about mining fake cryptocurrency.

It’s a slam dunk for crypto enthusiasts, even though—as with all of these games—the actual amount of Bitcoin you’ll earn for casual play comes out to pennies per hour. But as we’ve logged hours into the game, we’ve discovered strategies and techniques that can easily boost your stack of satoshis (aka 1/100,000,000 BTC)—without spending a penny to buy in-game advantages.

If you want to make the most of your Bitcoin Miner experience on iOS and Android and earn as much BTC as you can without paying for perks, here are seven tips to help you do so. Some might seem obvious once you’ve played the game, while others might come as a surprise. But they’re all worth keeping in mind while you play.

Complete the missions

When we first posted this guide, completing missions would earn you a single satoshi. There’s always a mission at the top of the screen, and they’re simple tasks—things like unlocking a new coin, tapping a certain number of power-ups, or earning a set amount of crypto by tapping the mining button.

After an update, however, now you’ll instead earn one of the red nodes, which can be used to purchase things like in-game boosts and chests. It’s now one less way to directly earn Bitcoin, but the nodes can be very useful as you’re playing and help you progress faster—so it’s still worth focusing on the missions as you play.

Hunt for satoshis

Even if you don’t plan on spending real cash in Bitcoin Miner, you should pop into the in-game store on a regular basis. Why? Because every four hours, a new “satoshi hunt” begins in the store. It’s simple: There are five orange satoshi icons hidden around the menus, and each one you tap earns you 3 real satoshis that you can cash out to your ZBD wallet. That’s 15 satoshis each round and potentially 90 free satoshis each day if you’re vigilant. Free Bitcoin!

Screenshots from Bitcoin Miner. Image: Decrypt

Play daily

Want to stack a steady amount of sats? Play Bitcoin Miner daily. There’s a daily login reward for keeping up a streak of subsequent days, including bundles of free satoshis that you can cash out to your ZBD wallet. This one’s easy—just pop in daily to at least claim your prize, as they get better and better with each additional day.

Fumb Games has also since added a daily satoshi login bonus that grows daily, giving you a small bonus of actual Bitcoin that you can withdraw and keep.

Tap the sats

If you’re playing Bitcoin Miner, you should tap the various power-ups that appear above coins anyway, as they’ll help juice your in-game earnings. But the orange satoshi icon—the very same one you’ll see in the store—sometimes shows up above the fake crypto coins, too. Tap one of those, and you’ll bank a real satoshi to withdraw later.

Play the events

In addition to the main game, Bitcoin Miner holds a regular weekend event that sees you mining coins to build a rocket ship. Why? That’s not entirely clear—though if we had to hazard a guess, we suspect it has something to do with blasting off to the moon. In any case, these bonus weekend challenges include unlocking bounties of satoshis for hitting certain mining benchmarks, so they’re worth hitting up.

Bitcoin Miner has also launched a mid-week event on Wednesdays that finds you digging into the earth. It’s another side diversion from the main experience that can not only break up the monotony a bit, but also provides a fresh avenue to stack satoshis while playing.

Sell and start over

At any point in the game, you can sell off your mining operation and get a massive earnings boost in exchange for starting over—except you’re not starting entirely from scratch. You’ll keep all of the earnings-boosting managers and coin parts you’ve unlocked, along with accumulated chests and node upgrades.

In return for starting your mine over again, you’ll get a heap of GPUs (aka fake graphics cards), which can vastly boost your earnings potential. It might seem counterintuitive to repeatedly start over, but we found that we were able to rebuild back to our previous level in about 15 minutes—and then earn way more coins going forward.

Screenshots from Bitcoin Miner
Screenshots from Bitcoin Miner. Image: Decrypt

It’s a worthwhile and temporary setback that’s usually worth doing if progress starts to feel slow and grindy. And there’s a Bitcoin-earning bonus: Doing so refreshes your list of missions, so if you got stuck on something that would’ve taken ages to complete, then you’ll instead have a string of really basic missions to complete after selling.

Cash out regularly

Serious players can stack hundreds of satoshis each day, but Bitcoin Miner puts a daily withdrawal limit on each player—so if you’re racking up big totals, then you should get in the habit of withdrawing regularly so you don’t get backed up.

The daily limit used to be a firm 500 satoshis, but with Bitcoin’s price surging, Fumb has switched to a dynamic limit based on market conditions. As of this writing, for example, it’s 350 satoshis per day—but it could be different by the time you read this.

It’s free to withdraw via the Lightning Network to your ZBD wallet, and then you can always move your Bitcoin from the ZBD wallet to a self-custody one afterward if you please.

Edited by Ryan Ozawa.

Editor’s note: This story was originally published on April 3, 2024 and last updated with new details on December 22.

GG Newsletter

Get the latest web3 gaming news, hear directly from gaming studios and influencers covering the space, and receive power-ups from our partners.



Source link

Exploring Innovative Trends in Digital Customer Experiences

In the rapidly evolving landscape of modern business, digital customer experiences have become a pivotal aspect of organizational success. As technology continues to advance, companies are compelled to innovate and adapt to meet the ever-changing expectations of their customers. This article delves into the latest trends shaping digital customer experiences, highlighting the shift towards digital-first interactions, the significance of personalization in customer engagement, and the transformative role of artificial intelligence (AI) in enhancing user experiences.

Embracing the Shift to Digital-First Interactions

The digital-first approach has emerged as a dominant trend as businesses strive to meet the growing demand for seamless and immediate interactions. This shift is characterized by the prioritization of digital channels over traditional ones, allowing customers to engage with brands through their preferred platforms. Companies are increasingly investing in digital infrastructure to support this transition, ensuring that their services are accessible, efficient, and user-friendly.

One of the driving forces behind this shift is the widespread adoption of smartphones and other mobile devices. With consumers spending more time on their devices, businesses are focusing on optimizing their digital presence to capture attention and foster engagement. Mobile apps, responsive websites, and social media platforms have become essential tools for delivering a cohesive digital experience that aligns with consumer habits.

Digital-first interactions also enable businesses to gather valuable data on customer behavior, preferences, and feedback. This data-driven approach allows companies to tailor their offerings, predict trends, and make informed decisions that enhance the overall customer experience. By leveraging analytics and customer insights, businesses can create more personalized interactions that resonate with their audience.

Moreover, the COVID-19 pandemic has accelerated the adoption of digital-first strategies, as businesses were forced to adapt to remote interactions and contactless transactions. This has led to the development of innovative solutions such as virtual consultations, online shopping experiences, and digital payment systems, which have become integral to maintaining customer engagement in a socially distanced world.

However, the shift to digital-first interactions is not without challenges. Companies must address issues related to data privacy, cybersecurity, and digital accessibility to ensure that their platforms are safe and inclusive for all users. By prioritizing these aspects, businesses can build trust and foster long-term relationships with their customers.

In conclusion, embracing digital-first interactions is a strategic imperative for businesses seeking to thrive in the digital age. By investing in technology, data analytics, and customer-centric design, companies can deliver seamless and personalized experiences that meet the evolving needs of their customers.

Personalization: The Key to Customer Engagement

In the realm of digital customer experiences, personalization has emerged as a crucial factor in capturing and retaining customer interest. By tailoring interactions to individual preferences and behaviors, businesses can create meaningful connections that drive engagement and loyalty. As consumers increasingly expect personalized experiences, companies are leveraging technology to deliver customized content, recommendations, and services.

Personalization begins with understanding the unique needs and preferences of each customer. By analyzing data from various touchpoints, businesses can gain insights into customer behavior and use this information to craft personalized experiences. From personalized email campaigns to product recommendations based on browsing history, companies are finding innovative ways to engage customers on a personal level.

A key aspect of personalization is the ability to deliver relevant content at the right time. With the help of advanced algorithms and machine learning, businesses can analyze real-time data to predict customer needs and provide timely recommendations. This not only enhances the customer experience but also increases the likelihood of conversion by presenting customers with products or services that align with their current interests.

Moreover, personalization extends beyond product recommendations. It encompasses the entire customer journey, from the initial point of contact to post-purchase interactions. By personalizing communication, offers, and support, businesses can create a cohesive and consistent experience that resonates with customers and fosters brand loyalty.

However, achieving effective personalization requires a delicate balance between leveraging data and respecting customer privacy. Companies must be transparent about data collection practices and provide customers with control over their information. By prioritizing data privacy and security, businesses can build trust and ensure that personalization efforts are well-received by customers.

In conclusion, personalization is a powerful tool for enhancing customer engagement in the digital age. By leveraging data-driven insights and adopting a customer-centric approach, businesses can deliver tailored experiences that resonate with their audience, drive loyalty, and ultimately contribute to long-term success.

The Role of AI in Enhancing User Experiences

Artificial intelligence (AI) is playing an increasingly vital role in transforming digital customer experiences. By automating processes, analyzing data, and providing intelligent insights, AI technologies are enabling businesses to enhance user experiences in ways that were previously unimaginable. From chatbots to predictive analytics, AI is reshaping how companies interact with their customers.

One of the most visible applications of AI in customer experiences is the use of chatbots and virtual assistants. These AI-powered tools provide instant support and assistance to customers, addressing queries, resolving issues, and guiding users through their digital journey. By offering 24/7 availability and quick responses, chatbots enhance customer satisfaction and improve operational efficiency.

AI also plays a crucial role in personalizing customer interactions. By analyzing vast amounts of data, AI algorithms can identify patterns and trends, allowing businesses to deliver personalized recommendations and content. This level of personalization enhances the customer experience by providing relevant information that aligns with individual preferences and needs.

Predictive analytics is another area where AI is making a significant impact. By leveraging historical data and machine learning, businesses can anticipate customer behavior and trends, enabling proactive decision-making. This foresight allows companies to optimize their offerings, improve customer retention, and drive growth.

Furthermore, AI is transforming the way businesses gather and analyze customer feedback. Sentiment analysis tools powered by AI can process large volumes of unstructured data from social media, reviews, and surveys to gauge customer sentiment and identify areas for improvement. This real-time feedback loop enables businesses to respond swiftly to customer concerns and continuously refine their offerings.

Despite its potential, the integration of AI in customer experiences requires careful consideration. Companies must address ethical concerns, such as bias in AI algorithms and data privacy, to ensure that AI applications are fair and transparent. By prioritizing ethical AI practices, businesses can harness the full potential of AI to deliver enhanced user experiences.

In conclusion, AI is a transformative force in the realm of digital customer experiences. By automating processes, personalizing interactions, and providing valuable insights, AI technologies empower businesses to create seamless and engaging experiences that meet the evolving expectations of their customers.

In a world where digital interactions are becoming the norm, businesses must continuously innovate to meet the demands of their customers. By embracing digital-first interactions, prioritizing personalization, and leveraging the power of AI, companies can create exceptional digital customer experiences that drive engagement, loyalty, and growth. As technology continues to evolve, the future of digital customer experiences promises to be dynamic, personalized, and increasingly driven by intelligent technologies. Companies that adapt and embrace these trends will be well-positioned to thrive in the digital era.

Popular Posts

My Favorites

Oklahoma Senator Proposes Bitcoin Freedom Act for BTC Payments – Web3oclock

0
Oklahoma’s Republican Senator Dusty Deevers has introduced the Bitcoin Freedom Act (SB325), a bill that would allow state employees and residents to use...