Get your daily, bite-sized digest of blockchain and crypto news today – investigating the stories flying under the radar of today’s news.
In crypto news today:
Why is crypto up today? Celebrated Director Kurosawa Kiyoshi Pioneers Theater-to-Web3 Movie Distribution NEAR Launches Infrastructure Committee with $4 Million in Funding Global Publishing House Puts 10 Million Gigabytes On Chain__________
Why is crypto up today?
Total crypto market capitalization has seen an increase over the past 24 hours.
According to CoinGecko, it is up nearly 2%, currently standing at $2.761 trillion.
Looking at the top 100 coins by market capitalization, most of them are green today.
The best performer in this category is JasmyCoin (JASMY). It’s up nearly 22%, trading at $0.02498.
NEO follows it with a 19% increase to $23.
As for the red coins, the biggest drop is Uniswap (UNI)’s 16.6%. The coin’s current price is $9.24.
Notably, Uniswap Labs, the Uniswap DEX creator and the UNI token issuer, was hit with a Wells notice by the US Securities and Exchange Commission (SEC) on Wednesday. It said it would fight back.
Nervos Network (CKB) is next in line, having dropped 15.4% to $0.03054.
Now focusing on the top 10 coins per market cap, we find that all of them have seen their prices increase over the past day.
Toncoin (TON)’s rise of 9% is the highest in this category. It currently trades at $7.39.
While Dogecoin (DOGE) is up 5% to $0.1969, the remaining coins have increased in the range of 0.1% to 2.2%.
Speaking of Doge, the predictions are that if it were to hit new highs for the year above $0.23 and overtake USDC’s market cap, calls for it to soon hit $1 would likely grow louder once again.
Bitcoin (BTC) us up 2.2%, trading at $70,407. At the same time, Ethereum (ETH) rose 1.2%, changing hands at $3.562.
Meanwhile, Bitcoin’s on-chain momentum may be showing signs of a potential slowdown. Some crypto traders are speculating about a potential end of the current bull run.
Also, a South Korean crypto researcher claimed that US stock traders are exacting a big influence on BTC prices.
Celebrated Director Kurosawa Kiyoshi Pioneers Theater-to-Web3 Movie Distribution Model
Video-related cloud service developer Nekojarashi and innovator in the field of trusted distributed computing Intertrust will debut ‘Chime’, a film by celebrated director Kurosawa Kiyoshi, through a Web3 collaboration on Nekojarashi’s Digital Video Trading (DVT) Platform, Roadstead.io.
Chime will be available worldwide on April 12.
According to the press release, the global launch will utilize Intertrust’s Web3 MarketMaker Supertickets.
The limited-edition Supertickets will be available only for a month post-opening and will give their purchasers exclusive rights to ‘Chime’.
The buyers will also gain exclusive access to ‘Les Cuisiniers of Chime,’ a special documentary on the movie’s creation.
A “small number” of these tickets will be available via a QR code distributed at an exclusive premiere. The rest will be available to the general public.
Additionally, the buyers have the option to keep the tickets, or trade them on Roadstead.io beginning May 13.
“This innovative approach premieres Chime in a global first, and fosters a premium, sustainable market and a fan-driven trading community aftermarket for the film,” the announcement remarked.
【#NEWS】#黒沢清 監督作『#Chime』がDVTプラットフォーム「#Roadstead」で限定999個を世界同時販売！「通常とはまた違う、新しい形態でみなさまのもとに届けられる」
詳しくはこちらhttps://t.co/LkJ8jm1Hnx pic.twitter.com/MGBNdnhoWQ
— MovieMarbie (@MovieMarbie) April 10, 2024
Kawamura Misaki, CEO of Nekojarashi, remarked that this launch “heralds the beginning of a new model where creators and their fans can collaborate together to support the art they both love.”
Albhy Galuten, an award-winning record producer and Senior Fellow at Intertrust, described the MarketMaker Supertickets as “a powerful tool that enables directors, studios, and theaters to create sticky new revenue streams for their work and to engage with their fans.”
Moreover, this type of launch provides a market opportunity for the premium film industry to “move way beyond the traditional subscription streaming model,” Galuten added.
Commenting on the film, Kurosawa Kiyoshi said that it’s “a work that intends to leave the viewer stunned, and with a strong sense of fear remaining after viewing it.”
Furthermore, “it does not tell anything that would be normally expected in a story. It does not fit into either the horror or suspense genre. It is a crazy movie, a bizarre movie, and that is what this film is about,” Kurosawa said.
NEAR Launches Infrastructure Committee with $4 Million in Funding
The NEAR Foundation has launched the Infrastructure Committee, a new initiative aimed to strengthen NEAR’s Key Infrastructure.
Key Infrastructure includes RPC nodes, relayers, indexers, bridges, wallets, load balancers, and oracles.
According to the press release, $4 million is available for infrastructure projects.
The committee’s members are ecosystem leaders and NEAR partners.
The initiative’s goal is to support the success of NEAR projects while distributing funds and sourcing projects in an open, transparent way, the team said.
The goals are to decentralize decision-making, enhance critical infrastructure, and streamline efforts for greater clarity and decentralization.
Furthermore, the committee primarily focuses on proposals. There are multiple Requests For Proposals (RFPs) planned to meet important ecosystem needs, it said.
The Infrastructure Committee will review them and then vote.
Infrastructure funding goes brrrrr…
NEAR Foundation Launches Infrastructure Committee with $4 Million in Funding.
RPC nodes, relayers, indexers, bridges, wallets, load balancers, oracles, and more, are all set to be improved across the NEAR ecosystem:https://t.co/fDnznY9QGz pic.twitter.com/bgqG62yg7p
— NEAR Protocol (@NEARProtocol) April 9, 2024
Meanwhile, the committee has already funded five critical infrastructure proposals.
It has also inherited certain projects that it will now actively manage.
Therefore, there is over half of the allocated $4 million budget remaining, so the committee has invited the community to suggest innovative infrastructure projects.
Meanwhile, “future enhancements include the introduction of a more sophisticated incident management system and post-mortem processes for infrastructure outages,” the team remarked.
Moreover, the development of a Blockchain Operating System (BOS)-based app for proposal management will help optimize the efficiency of the funding process.
Per the announcement, “this upgrade will streamline the proposal and funding workflow, making it easier for community members to submit and manage their projects.”
Lastly, as NEAR grows, so will the need for robust infrastructure to support an increasing number of transactions and users, said the team.
Therefore, the committee will support NEAR’s growth and chain abstraction efforts, ensuring that the blockchain can handle the anticipated surge in traffic as more users join the ecosystem.
Global Publishing House Puts 10 Million Gigabytes On Chain
Contentra Technologies, an educational publishing house that services the likes of BBC Studios, National Geographic, and Pearson, will store 10 million gigabytes of digital data on Serenity Shield’s decentralized blockchain solution.
The Web2 publisher and the multi-chain company delivering data storage and digital inheritance solutions have announced a three-year agreement.
Per the press release shared with Cryptonews, the deal “is set to cement the crucial role of decentralized solutions in the future of data storage.”
It is “a major step forward in the recognition and application of blockchain technology’s real-world utility,” it added.
The companies aim to store the initial 1 petabyte (1 million GB) within four months.
This will enable Contentra to offer private and secured decentralized data storage solutions to its existing clients during operational expansion, it said.
*Update following partnership announcement with Contentra! *
1M GB data will soon be stored on @SerenityShield_
Payment in $SERSH of 1.2 M tokens triggering a 25% #TokenBurn – 300k tokens
+ 25% to ‘Revenue Share’ pool, rewarding SERSH holders via #StrongBox by Q3.
Stay… pic.twitter.com/kWvQOJy2xK
— Serenity Shield (@SerenityShield_) April 11, 2024
Furthermore, Serenity Shield aims to accelerate the mass adoption of blockchain technology by demonstrating its capabilities to transform global institutional processes, said the announcement.
Shiva Saikia, Co-Founder and Director of Contentra Technologies, commented that this partnership represents a strategic move towards offering cutting-edge blockchain-based data storage solutions to the company’s global clientele.
Notably, Contentra Technologies has been offering data conversion and digitization services for over 10 years via its in-house automated software.
However, “now, by harnessing the power of blockchain technology, we aim to redefine the standards of data security and accessibility for our clients, ultimately driving greater value and trust in our offerings,” Saikia said.
Also, Serenity Shield CEO Venket Naga described the agreement as “transformative.”
On the one hand, the collaboration showcases blockchain data storage solutions’ real-world application and utility.
On the other, it shows the two companies’ commitment to “empowering individuals and organizations with greater control and security over their digital assets,” Naga said.
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The post What’s Happening In Crypto Today? Daily Crypto News Digest appeared first on Cryptonews.
