|All Time High:|
|Market Cap: |
|The price of #SCRT today is $0.79 USD.|
The lowest SCRT price for this period was $0, the highest was $0.789, and the current live price for one SCRT coin is $0.78910.
The all-time high SCRT coin price was $10.79.
Use our custom price calculator to see the hypothetical price of SCRT with market cap of BTC or other crypto coins.
|The code for Secret is #SCRT. |
Secret is 7.2 years old.
|The current market capitalization for Secret is $153,248,168.|
Secret is ranked #184 out of all coins, by market cap (and other factors).
|There is a big volume of trading today on #SCRT.|
Today's 24-hour trading volume across all exchanges for Secret is $2,491,055.
|The circulating supply of SCRT is 194,205,555 coins, which is 79% of the total coin supply.|
|SCRT is the native coin for the Secret blockchain.|
View the full list of Secret blockchain tokens.
How to Speed Up Your Keplr Wallet Transactions by Changing the API
Keplr wallet transactions can take a lot longer than needed, especially when nodes go offline or the network gets overloaded. But there’s a way to fix this! By changing the API on your Keplr wallet you can significantly speed up your Keplr wallet transactions — and it’s super easy to implement. In this tutorial we’ll show you step-by-step how to do so. To start off we’ll quickly go over what APIs are and how they connect to wallets, but feel free to skip ahead if you want to dive straight into the tutorial. — What Is an API? - API means Application Programming Interface. It’s an interface that communicates with a blockchain node or a client network directly or through another service. APIs are used in a variety of cryptocurrency-related applications including the Keplr wallet. The API server has “indexes” or shortcuts which allow users to quickly get answers to their questions such as current balance, current NFTs, and more. — How Does a Wallet Connect to APIs? - If a user wants to do something like “send a transaction” to transfer coins from one wallet (Keplr) to another: Your wallet will ask the API Server using HTTP, The API Server will speak “blockchain” to the validators, The validator nodes will execute the work you request, But problems arise when the API server is not able to communicate with the validators. This often happens when nodes are offline, overloaded, or there ...
The 5 Benefits of Private Finance (PriFi)
Secret Agent content is produced by contributors from all over the world and proudly hosted here! This does not represent an endorsement or financial advice from any organization. When it comes to privacy for financial applications, some people say “Why would we need privacy if we have nothing to hide? Aren’t bad guys the only ones who need privacy?” But right now, public-by-default chains offer less user privacy than Web2, and this has serious consequences. Crypto could create a new, more inclusive financial system, but we need the option to make our financial data private. This is possible through private DeFi (PriFi) applications. Here’s a quick rundown on how privacy can solve several issues resulting from completely transparent DeFi applications. — 1. Privacy makes DeFi front-running resistant - It’s not right that retail investor Jane just had $100 stolen from her — without even knowing it — while making a swap on a DEX. She’s never even heard of front-running but is, nevertheless, now included in the billions of dollars lost each year on AMMs built on public-by-default chains. That’s because, on public-by-default chains, observers can see buy and sell orders before they’re recorded on-chain. If someone spots an order that will impact the price significantly, they can pump their gas fees to make sure their transaction is processed first and profit from the price change. But the result is...
How to Backup, Store, and Sync Your Secret Token Viewing Keys
Secret Token viewing keys give you granular control over who gets to see your financial data by acting as passwords that allow you and trusted third parties to view your assets. This tutorial will take you through how to back up your viewing keys and manage them across multiple devices. — What we’ll cover in this guide:. — Why back up your Secret Token viewing keys, How to store and share your viewing keys, How to back up your viewing keys using the Wizard Tool, How to manually back up your viewing keys using the Keplr Token List, How to manage your viewing keys across multiple devices, 💡 Want to know more about Secret Tokens and viewing keys? Check out our Secret Tokens Learn page. — Why back up your Secret Token viewing keys - It’s easy to create new viewing keys for your Secret Tokens, so losing yours isn’t a huge deal. However, you might want to back up your Secret Token viewing keys for various other reasons: To share with others so they can more easily access your funds in case you lose access, To sync your Secret Tokens across multiple devices, To avoid having to create new viewing keys if you accidentally delete yours, and having to re-sync any devices, That’s why this tutorial will take you through various methods to back up your viewing keys. Note: Your viewing keys are already automatically stored in any wallet you use to hold your Secret Tokens. 💡 Want to know how t...
How to Share Your Secret Token Details With Third Parties (Tutorial)
With Secret Tokens, your data is encrypted and kept private on-chain. Still, you can always share your data with third parties, like your accountant or a compliance officer, if necessary. In this tutorial, we’ll take you through several methods and best practices to gather your Secret Token details so you can share these with other trusted parties. — This guide will cover:. — Potential issues with sharing viewing keys, Sharing details using CryptoClerk, Sharing details using the Trivium SNIP-20 tool, Sharing details using the btn.group transactions tool, How to deprecate a viewing key to revoke someone’s viewing access, 💡 Want to know how to create viewing keys for your Secret Tokens? Check out our tutorial here. — Potential issues with sharing viewing keys - One way to share your Secret Token data is to share your viewing keys, which third parties can use to look up your financial details. However, we strongly recommend only sharing your Secret Token viewing keys when absolutely necessary. Instead, use your viewing keys to generate an overview of your financial details using the tools we’ll discuss below and share these. This way, you maximize your privacy and security and save yourself the hassle of creating new viewing keys to revoke viewing access.💡 Want to know more about Secret Tokens and viewing keys? Check out our Secret Tokens Learn page here. — How to share your Secret T...
How to Create Viewing Keys for Your Secret Tokens (Tutorial)
One of the best things about Secret Tokens is that you get to decide who can see your funds, as viewing access is gated using viewing keys. Here, we’ll show you step-by-step how to create viewing keys for your Secret Tokens using a variety of methods. — The viewing key generation methods we’ll cover:. — The SiennaSwap app, The SecretSwap app, The IBC wrap app (for IBC tokens), Manually add with the Keplr extension token list, — What are Secret Tokens and viewing keys? - Secret Tokens are coins or tokens made private by encrypting balance and transaction details. Viewing keys act like passwords that give you, and others you share these with, the ability to access these encrypted details. This means only people with the right viewing key can see the Secret Tokens you hold and details of your transactions.💡 Go here to read more about Secret Tokens, viewing keys, and how they work. — Method #1: With the SiennaSwap app - SiennaSwap is one of the Secret DeFi apps you can use to create viewing keys. Here are the steps to take: — Step 1: Go to the SiennaSwap website. — Navigate to the SiennaSwap app and approve connecting your Keplr wallet, Select the Secret Token you’d like to get a viewing key for by clicking on the “token picker” and choosing your coin or token of choice, Click on “View Balance” in the swap menu, Click on “Create Key” in the notification that ...
DeFi’s Disturbing Privacy Problem
You walk into a local market. But you’ve never seen a place like this. Customers maneuver the aisles, wearing white t-shirts with random number-letter combos like 0xb794f5ea0ba39494ce839613fffba74279579268. Everyone is dead quiet. Suddenly, a blinding spotlight illuminates the customer at the front of the checkout, and a voice blasts through the speakers: “Customer 0xc39494794f5ea0bace839613fffba95792687427 has just finalized their transaction of $104.73…” While the customer loads their purchases into their cart, the announcer mentions the details of each and every item. Somehow, the customer does not seem to mind. Before the next customer steps up, the voice finishes, “Please visit the room near the exit if you’d like to view the financial transaction history for 0xc39494794f5ea0bace839613fffba95792687427.” As you disbelievingly turn around, you see it: The Public Data Room. A handful of diverse characters are entering it. Clearly, none of them are here to shop. — DeFi marketplaces — Transparent transactions since 2009 - This story is far from fiction. The numbers on the t-shirts are wallet addresses. The checkout line is the moment where one of those wallets executes a transaction on a public-by-default blockchain. That Public Data Room where people can see the entire financial history of your wallet? It’s real, and anyone can enter it using something called a block explorer. This is the cur...
A Deep Dive: Understanding Blockchain Privacy and the Secret Design Stack
Privacy — what seems like an intuitive concept can become quite hard to pin down once you try to define it. Especially in the crypto space, you’ll get heated discussions on what’s private and what’s not. The truth is there are many ways to ensure your data isn’t (immediately) accessible by anyone opening a block explorer. You can mix it up, encrypt it, make data private by default, or give people the option to send from private addresses. And that’s just scratching the surface. Here, we’ll go more into the nuance of blockchain privacy and explain a bit more about the design choices Secret Network made. By being aware of these factors, you can better understand other privacy blockchain solutions — although we always recommend checking out their specific documentation to get more details. Let’s kick it off: — Privacy for transactions ≠ privacy for smart contracts - One of the most common questions we get asked when people just get to know about Secret Network is, “is it like Monero?” But Monero and Secret Network are different in a crucial way. Monero and other privacy coins like Zcash give transactional privacy: they make sure your transactional history stays private. Like Bitcoin, they support only transactions. As such, the actions and computations a privacy coin needs to support are limited and mainly include “move value from point A to point B”. Secret Network is more like Eth...
Blockchain Privacy 101: What’s Been Built and What’s Ahead
The crypto privacy space is another rabbit hole that includes a plethora of technical jargon and 3-letter acronyms, turning articles from a 3-minute read into a 30-minute one. Here, we’ll try to demystify what’s out there in the crypto privacy sphere by giving you a quick overview of the solutions that have been built so far, and the main challenges ahead. Disclaimer: there are many different solutions out there—this overview doesn’t do justice to the enormous innovation and creativity that’s going on in the field. However, we hope this will help you to better understand what’s out there and the challenges the field is dealing with. — #1 Privacy coins - You’ve probably already heard about privacy coins like Monero and Zcash. And that’s because they’re modeled after the OG of crypto: Bitcoin. In short: privacy coins help you hold and transfer your crypto without revealing your financial data.Online illustrations by Storyset Privacy coins achieve this by making sure you’re 1) anonymous, by hiding your identity when making a transaction, and 2) untraceable, by “scrambling up” a trail of transactions so outsiders can’t follow it. — Why privacy coins exist. — Not everyone who dabbles in crypto knows Bitcoin is actually very transparent — more transparent than much of the fiat world. That’s because the Bitcoin blockchain is public, and all transactions with bitcoins show up o...
Why Web3 Privacy Matters
“Information doesn’t want to be free — people do.” — Cory Dictorow A better, more empowering web for all. That’s the promise of decentralization and blockchain technologies. But while we’re all busy building new protocols, apps, and blockchains, there’s one thing we seem to forget: privacy. And in the process, we might be building something even worse than what was before. Here, we’ll explain why privacy — being able to decide what you share — is crucial for the web3 vision, why it’s at stake, and why now is the time to intervene and course-correct.PrivacySomeone’s right to keep their personal matters and relationships secret.(Cambridge Dictionary) — Why is privacy important? - We can best answer this question by illustrating what happens if you don’t have privacy. Imagine what would happen if you walked into a bar, and everyone would automatically know everything about you. Including your name, where you grew up, how much you earn, what’s in your bank account, and all your Google searches. Without the option to keep secrets, you’d have no way to control what others know about you and how they use that information. Banks could withhold you a mortgage because you’re having trouble at work. A health insurer could charge you more based on your Google searches. Criminals would know what you have, where it’s stored, and when you’re out. Being able to choose what we sha...
How to Participate in Secret Governance
Discover how Secret governance works, and how to contribute to the future of Secret by creating and voting on proposals. — This guide will cover:. — What is Secret governance?, The benefits of blockchain governance, How Secret governance works, How to vote on proposals using Keplr wallet, How to create a proposal, Where to join the discussion, Frequently asked questions, — What is Secret governance? - Secret Network features on-chain governance. Changes are made according to rules encoded in the blockchain protocol and are approved by validators and delegators in the network. In this way, community members can influence protocol development and how shared resources (like the Secret Community Pool) are spent. For example, they can create proposals to: Increase the block size, Change the number of validators included in the active set, Choose to fund a support team or a specific committee, Fund a team to develop a new Secret app, Secret is built with the Tendermint consensus protocol, which makes it a DPoS blockchain. — The benefits of blockchain governance - Because Secret Network governance is permissionless, anyone can get involved by holding and staking SCRT. Permissionless governance is important because it: Makes Secret governance democratic and censorship-resistant, Provides transparency into past decisions and their level of support, Gives all community members a voice and the chance t...
More Secret (#SCRT) News
|Alameda Secret Korea Account Exposed Masking Liabilities
According to Bloomberg, a secret account hid code detailing Alameda’s massive liabilities. The GitHub account was in the name of former FTX executive Nishad Singh, the report added.
The outlet claims to have viewed documentation that revealed comments associated with specific lines of code. In them were clues to the mysterious account that was used to mask Alameda’s mounting debts.
Additionally, Alameda’s chief executive and senior FTX officials knew that FTX had lent customers’ money to the company to help it meet its liabilities, alleged the WSJ.
FTX engineering director Singh has not been charged, and it wasn’t clear if any other executives had access to the clandestine account, the report added.
Dodgy Account Masking Liabilities
Singh’s GitHub account had annotated code snippets with comments, including “Korea KYC” and “BD expenses accounts,” which were tied to something called a “Korea expenses” account, Bloomberg added.
Alameda’s debts were shunted into an FTX account that was not easily identifiable, suggesting that the company was covering up its liabilities. In a scheduled hearing, the U.S. Commodity Futures Trading Commission (CFTC) made the allegations earlier this week.
According to the agency, the “Korean account” enjoyed the same privileges as Alameda’s main account and sub-accounts, including exemptions from parts of FTX’s risk management policies.
On Dec. 6 Al...
|Alameda Had a Secret Speed Advantage When Executing Trades at FTX
The Commodities and Futures Trading Commission (CFTC) had alleged that Alameda Research was offered a secret “time advantage” when executing trades at the defunct crypto exchange FTX.
The revelation adds to a growing list of claims and evidence suggesting that FTX and Alameda were not nearly as independent as once publicly portrayed.
The Alameda Advantage
As reported by Bloomberg, Alameda was able to skirt and sidestep certain aspects of FTX’s trading procedures and verification processes. The CFTC made such claims in a complaint filed on Tuesday in Manhattan federal court.
For example, while most customers using an API had to route their transaction orders through FTX’s system, Alameda was able to bypass parts of the system, granting them faster access to the API. “These advantages were not publicly disclosed” and yielded a “significant speed advantage,” said the CFTC.
“Alameda’s transaction orders were received several milliseconds faster than those of other API users,” the agency continued in the suit. “In the high-frequency trading sector, this is a significant time advantage.”
Alameda had other features baked within its account that let it execute certain trades without first verifying that it had the available funds required. Rival customers placing several orders at once would receive sequential checks from FTX to ensure each transaction was viable, of which “did not a...
|Kanye West Wears 'Satoshi Nakamoto' Cap, Secret Bitcoiner Confirmed?
Who orange-pilled Kanye West? Is the most controversial person in the world a bitcoiner now? Over the last few weeks, the fashion mogul/ rapper has dominated news cycle after news cycle. And it now seems like bitcoin has entered his orbit. Or, did Kanye West enter bitcoin’s orbit? The always-calculated rapper/ performer was photographed wearing a “Satoshi Nakamoto” cap, which sent the Internet into a frenzy.
The whole situation makes sense and the timing works. JPMorgan and West’s Yeezy brand recently ended their business relationship, which lead to the billionaire receiving a slew of bitcoin enthusiast’s messages on Twitter. It also left many to wonder exactly why did the relationship end? Was it just because of West’s controversial opinions and wild antics? Or was this a genuine parting of ways?
The real question, though, is this: does JPMorgan have the ability to turn off their banking service on an individual just because they don’t like his or her political views?
The Kanye West/ JP Morgan Incident
On October 12th, Republican author Candace Owens published a letter from JPMorgan to the Yeezy high command. “Earlier today I learned that Kanye West was officially kicked out of JP Morgan Chase bank. I was told there was no official reason given, but they sent this letter as well to confirm that he has until late November to find another place for the Yeezy empire to bank,” she tweeted.
Earlier today I learned that...
|Blue Chip NFTs 101 – What's The Secret Behind CloneX? Built ...
The secret behind CloneX is Takashi Murakami and the RTFKT team, that’s the short answer. The NFT collection is the result of the once-secret collaboration between the legendary Japanese artist and the experts in creating virtual sneakers. Steven Vasilev, Chris Le, and Benoit Pagotto founded RTFKT, which reads “Artifact,” in 2020. The CloneX public sale took place in the last days of November 2021. These people work fast.
The goal of the Ethereum-based CloneX collection is quite simple, to serve as avatars in the metaverse. These NFTs aren’t merely profile pictures. Through the upcoming Clone vault, the CloneX holders will have access to the avatar’s 3D files. The idea is that these figures will work in any metaverse. Plus, RTFKT has expressed metaverse ambitions of its own.
In any case, RTFKT Studios co-founder Benoit Pagotto told Forbes:
“We envision a new kind of relationship forming between owners and 3D creators who will create bespoke content for the avatars, replicating what we’ve seen with Fortnite 3D models ripped by blender creators, creating content for Twitch streamers and YouTubers. It’s a full ecosystem, being built live, and the avatars are just the tip of the iceberg.”
Very nice, but let’s focus on the avatars for now.
About CloneX And Takashi Murakami
The project’s official site describes them as, “CloneX is our most ambitious project yet, the beginning of a whole ecosystem for our ...
|The Secret for Creating DeFi Content “Your Dad Could Understand&rd...
Known only as blocmates on Twitter, Grant is a crypto content creator that 'your dad could understand,' and he specializes in DeFi which often has the most difficult kinds of crypto products to understand. He recently joined the Bitcoin.com News Podcast to talk about the market:
Among the many interesting topics discussed this episode are the problems with the current DeFi ecosystem and some possible solutions, how to find good projects and what are the red flags to watch out for, can NFTs serve as a gateway to DeFi or not, and advice for newcomers how to get educated about DeFi. Grant also talked about how he transitioned from being a research scientist to a crypto researcher as blocmates came about and the challenges of breaking out as a content creator.
The Bitcoin.com News podcast features interviews with the most interesting leaders, founders and investors in the world of Cryptocurrency, Decentralized Finance (DeFi), NFTs and the Metaverse. Follow us on iTunes, Spotify and Google Play.
This is a sponsored podcast. Learn how to reach our audience here. Read disclaimer below.
|US Secret Service Has Seized Cryptocurrency Worth Over $102 Million in 2...
The U.S. Secret Service has seized cryptocurrency worth more than $102 million in 254 fraud-related investigations. 'What criminals want to do is sort of muddy the waters and make efforts to obfuscate their activities,' said the assistant director of the Secret Service's Office of Investigations. 'What we want to do is to track that as quickly as we can, aggressively as we can, in a linear fashion.'
US Secret Service Seizes Cryptocurrency Worth $102 Million
A senior executive with the U.S. Secret Service, David M. Smith, talked about cryptocurrency in an interview with CNBC, published Tuesday.
Smith is a senior executive and special agent currently serving as the 28th Assistant Director of the U.S. Secret Service Office of Investigations, where he leads the agency's global investigative mission, comprising 161 offices and over 3,000 employees.
The Secret Service is responsible for detecting, investigating, and arresting any person who violates certain laws related to financial systems. 'In recent years digital assets have increasingly been used to facilitate a growing range of crimes, including various fraud schemes and the use of ransomware,' its website describes.
Smith told the news outlet that Secret Service agents and analysts are actively tracking the flow of bitcoin and other cryptocurrencies on the blockchain, elaborating:
When you follow a digital currency wallet, it's not different than an email address that has some correlating identifiers.
'And once a person and a...
|Report: Fed's Secret Repo Loans to Megabanks in 2020 Eclipsed 2008...
Following the controversial bank bailouts and Troubled Asset Relief Program (TARP) in 2008, reports show in late 2019 and 2020, the U.S. Federal Reserve participated in providing trillions of dollars in secret repo loans to megabanks. At the end of March, investigative journalists, Pam and Russ Martens from Wall Street on Parade, uncovered $3.84 trillion in stealth repo loans from the Fed to the French financial institution, BNP Paribas in Q1 2020. Additional data indicates that the U.S. central bank leveraged secret repo loans to provide a whopping $48 trillion to megabanks in late 2019 and into 2020.Reports Show the Fed Funneled Tens of Trillions to Megabanks in 2019 and 2020
While Wall Street eagerly awaits the Federal Reserve's next benchmark rate hike decision, a number of investigative reports show the U.S. central bank participated in massive bank bailouts that are of biblical proportions. The first report stems from Wall Street on Parade's Pam and Russ Martens, which accuses the Fed of secretly loaning the French megabank BNP Paribas $3.84 trillion in the first quarter of 2020.
The Martens' findings highlight many more secret loans that come from a data dump derived from the New York Federal Reserve branch. The data dump showcases secret repo loans from the Fed to megabanks from September 17, 2019, to July 2, 2020. The Wall Street on Parade authors say the media has not reported on the data dump at all.
'Mainstream media has heretofore instituted a news blackout on t...
|Anonymous Reportedly Hacks Russia's Central Bank, Threatens to Exp...
Anonymous has hit the Russian Federation again by hacking its central bank and threatening to release thousands of sensitive documents.
Additionally, the group continues to warn global companies that have not withdrawn from Russia to do so, otherwise, they could be hacked next.
Anonymous Exploits Russia’s Central Bank
It’s been precisely a month since Russian President Vladimir Putin launched his “special military operation” against its Eastern neighbor, and there’s no clear end in sight. NATO, the EU, and other countries refused to get directly involved in the war, despite condemning Russia’s actions.
Yet, they decided to start imposing various sanctions, mostly financial, against the aggressor, its leaders, and ultimately – its people. Countless global companies, including giants like Apple, Nike, Ikea, Shell, Goldman Sachs, Visa, Mastercard, PayPal, etc., stopped servicing Russian-based customers.
Anonymous, the hacker group that's nearly two decades old, also joined the fight against Russia. Initially, they breached over 30 Russian targets and collected over RUB 1 billion. Later on, the group offered Russian soldiers $52,000 worth of bitcoin to everyone who surrendered a tank.
Earlier on March 24, the group said on its Twitter page that it had exploited Russia’s central bank and threatened to release 35,000 files with “secret agreements” in the next two days.
JUST IN: The #Anonymous collective has hacked the Cen...
|Animoca Brands, Yuga Labs Tease Bored Ape Secret Project 'Powered ...
Since the token was launched roughly three days ago, the digital currency apecoin (APE) has been a topical conversation within the cryptocurrency community on forums and social media. So far, just over 82% of the claimable APE has been claimed and 13,672 unique addresses have received APE from the airdrop. Meanwhile, the Bored Ape Yacht Club (BAYC) creators have shared a video showing a BAYC metaverse with an assortment of other popular non-fungible token (NFT) characters.Eligible Claimants Ape Into the Apecoin Airdrop, More Than 82% of Claimable APE Has Been Acquired
This week, there's been a lot of focus on a new crypto asset called apecoin (APE) as it was introduced on March 17, 2022, by the Apecoin DAO. Bitcoin.com News reported on the Apecoin DAO and explained how millions of apecoin tokens were airdropped to NFT owners. More specifically, Apecoin DAO disclosed that '15% of the total supply of apecoin will be made available to [Bored Ape Yacht Club] NFT holders (Bored Apes and Mutant Apes, as well as BAKC dogs paired with either BAYC or MAYC).'
At the time of writing, 82.25% of the claimable 15% of apecoins has been acquired by NFT owners. 15,182 unique addresses are eligible to claim APE and to date, 13,672 addresses have claimed tokens. Currently, apecoin (APE) has been hovering within the top 100 coin market caps today with a market valuation of $1.53 billion. In the grand scheme of the entire $1.9 trillion crypto economy APE represents 0.08% of that value. On Saturd...
|US Secret Service Launches Crypto Awareness Hub to Educate the Public on...
The U.S. Secret Service has launched a cryptocurrency awareness hub. The new platform 'will feature the latest in the agency's work combating illicit use of digital assets as well as provide public awareness information on digital asset security and how to ensure it remains secure.'
Secret Service's Crypto Awareness Hub
The U.S. Secret Service announced last week that it 'has launched a cryptocurrency public awareness hub.'
Established in 1865 as a bureau in the Treasury Department to suppress widespread counterfeiting, the Secret Service is now under the Department of Homeland Security. Its website states: 'We have an integrated mission of protection and financial investigations to ensure the safety and security of our protectees, key locations, and events of national significance.'
The announcement details:
The new website will feature the latest in the agency's work combating illicit use of digital assets as well as provide public awareness information on digital asset security and how to ensure it remains secure.
Jeremy Sheridan, assistant director of the Secret Service Office of Investigations, explained: 'Our obligation to enforce crimes against the nation's financial systems includes both informing the public on how digital assets work and partnering with them to identify, arrest, and prosecute those engaging in crimes involving digital assets.'
The Secret Service works in close partnership with the U.S. Department of the Treasury to investigate and 'directly address...
|Guilds: The Secret Sauce Of Edensol's NFT Gaming Revolution
NFT gaming is on fire:
Prices for NFT land plots are estimated to have risen on average 400% to 500% between September 2021 and January 2022. The “big four” NFT metaverses - Decentraland, Somnium Space, Cryptovoxels and Sandbox - will double their NFT revenues in 2022. On February 20th, Axie Infinity, the world’s leading NFT game, announced that it had surpassed $4 billion in all-time NFT sales. Within the NFT gaming space, an even more powerful trend is emerging: crypto gaming guilds.
What are they? They are organized groups of video game players that regularly play together in one or more multiplayer games. By playing various crypto games, a guild accumulates as many NFTs as possible from various sources. In addition, guilds cultivate promising players and lend them funds and in-game NFT tools so they can unleash their talent - in exchange for a part of their earnings.
Edensol plans to leverage this trend. Guilds are already considered to be the future of play to earn gaming (P2E) and are already attracting enormous investor interest:
Yield Guild Games is the largest gaming guild, with a market cap of over $650 million, and over 4,700 gamers that use the guild’s NFT assets. In August 2021, it raised $4.6 million to invest in NFT in-game assets and to expand its community. Animoca Brands, the parent company of The Sandbox, announced on February 14th that it would invest up to $30 million in a Guild Accelerator Program to expand the global P2E e...
|Victoria's Secret Files Metaverse Related Trademark Applications
Victoria's Secret, the renowned designer lingerie company, has filed a series of trademark patents that suggest the organization is ready to offer its products in the metaverse. The announcement was made by Mike Kondoudis, a trademark attorney, who stated these actions might be the first step for the company to present their products using blockchain tech, signaling the use of NFTs.
Victoria's Secret to Enter the Metaverse
Another big fashion company is turning its eyes to the opportunity that the metaverse and the use of NFTs present to businesses. Victoria's Secret, the world-famous lingerie company, has reportedly taken first steps toward offering services and products related to its brand in the metaverse. As reported by Mike Kondoudis, a trademark attorney, the company filed three trademark applications related to the use of the brand in virtual worlds.
One of the trademark applications registers the use of Victoria's Secret brand in:
Downloadable virtual goods, namely, computer programs for the creation and trade of digital collectibles using blockchain-based consensus protocols and smart contracts, featuring information, photos, images, videos, recorded footage, highlights, and experiences in the field of fashion, clothing, fashion accessories, and style.
This means the company may have the intention of offering its designs as NFTs on different platforms in the metaverse.
Fashion and Business in the Metaverse
|Secret Network Reveals $400 million Funding Wave From New Investors
Secret Network – a privacy-based blockchain built using Cosmos CDK – recently revealed details pertaining to its “Shockwave” growth initiative. The network accumulated $400 million in funding across its ecosystem fund and accelerator pool.
Secret Network’s New Plans
Secret announced its newly acquired funding in a blog post from its site earlier today. Over 25 organizations provided funding to support its goal of becoming a critical infrastructure and privacy hub for the emerging Web 3 economy. A reported $225 million were acquired for the ecosystem fund, aimed at expanding Secret’s application layer with Defi, NFTs, and more.
In addition, another $175 million has been allocated to the accelerator pool, meant to “provide non-dilutive capital, grants, and ecosystem incentives to rapidly expand user adoption.”
Whereas these funds came from existing investors, Secret also had multiple new top investment firms acquire positions in the network, including DeFiance Capital, Alameda Research, CoinFund, and HashKey. Alameda has invested in multiple other crypto projects lately including liquidity network Paradigm and Defi product provider Exotic Markets.
“With a strong network of supporters and a passionate global community, Secret Network is now entering its most aggressive growth phase to date,” said Guy Zyskind, CEO of SCRT Labs. “Since our first whitepapers at MIT in 2015, we have worked tirelessly to br...
|SCRT Labs Launches $400 Million Fund to Bolster Privacy Network's ...
On Wednesday, the Secret Network announced the launch of a $400 million fund in order to expand the application layer and provide grants to ecosystem participants that accelerate user adoption. The market capitalization for the network's native token SCRT is the third-largest privacy-centric crypto asset market today with a $1.4 billion market cap.
SCRT Labs Launches $400 Million Fund, SCRT Jumps Over 47% During the Last Week
At the time of writing, there is over $11 billion worth of privacy-centric crypto assets today, according to coingecko.com's 'top privacy coins by market capitalization' list. Monero (XMR) and zcash (ZEC) command the top two positions, in terms of privacy coin valuations, on January 19, 2022. The cryptocurrency secret (SCRT) is the third-largest with a $1.4 billion valuation, which represents the 87th position out of more than 12,000 crypto assets today. Secret Network is a privacy coin that features smart contract capabilities as well.
Secret (SCRT) is up 644% year-to-date, and over the last 30 days, SCRT jumped 112% against the U.S. dollar. Weekly statistics indicate that secret has increased by 47.9% over the last seven days. However, out of the $2 trillion crypto-economy on Wednesday, secret (SCRT) is only 0.07% of the entire valuation. During the last 24 hours, there's been $84.6 million in SCRT trade volume, and its 24-hour price range has been between $8.54 to $9.82 per unit. At press time, Osmosis is currently the most active SCRT exchange, acco...
|15 Privacy Coins See Double-Digit Weekly Gains, Monero Jumps 13%, Secret...
Despite the fact that regulations have tightened and bureaucrats worldwide are scrutinizing cryptocurrency usage, a few privacy coins have jumped considerably higher in value over the last week. Monero jumped 13% during the last seven days, while the token secret increased 50%, and dusk spiked by 47% this past week.
Monero, Secret, Dusk Network Values Spike
This week a few privacy-centric crypto assets have seen double-digit percentage gains over the last seven days. According to metrics stemming from coingecko.com's list of privacy coin market capitalizations, there's $12.2 billion worth of these types of assets.
Monero (XMR) has the largest market valuation on January 17, 2022, with $3.9 billion. The past 24-hour range of trading shows that XMR has been exchanging hands for $212.45 to $229.66 per unit. Over the last seven days, monero (XMR) has increased 13% against the U.S. dollar. Year-to-date, XMR is up more than 38% since this time last year.
Zcash (ZEC) holds the second-largest privacy coin market valuation with $1.6 billion. However, ZEC has shed 3.6% during the last seven days of trading. Since this time last year, zcash has gained 24% in value against the U.S. dollar.
The crypto asset secret (SCRT) spiked 50% during the last week and SCRT currently has a market valuation of around $1.4 billion. Decred (DCR) managed to increase in value over 14% during the last week as well. Dusk network (DUSK) jumped over 47% in value over the last seven days and has a market valua...