Arbitrum Airdrop Confirmed!
March 18, 2023 Crypto Roundup. (Disclaimer: None of the observations or tips in this article constitutes financial, legal, tax, and/or any forms of advice.) Arbitrum
It looks like Coinbase is expanding out their crypto and wallet services to businesses and applications, as they have just announced their new product, Wallet-as-a-Service, or WaaS, for the purpose of onboarding companies and businesses to integrate Web3 wallets into their services, allowing them to explore web3 initiatives and to adopt web3 technology as Coinbase provides the service to integrate a Web3 wallet into their applications, whether web2 or web3.
The problem that Coinbase announces currently exists in the web3 space is that there is complexity and hassle behind mnemonic phrases and the security behind these wallets, as the user single-handedly has to manage the recovery phrase while also telling their users that they must find a web3 wallet that works for them such as Metamask or TrustWallet. We can see that there are so many to choose from, and it really takes away from the simplicity of onboarding users into Web 3.
To solve this problem, Coinbase introduces its Wallet-as-a-Service initiative in order to provide a fully customizable wallet for these companies and businesses to integrate into their applications in order to make the onboarding of users to Web3 much more hassle-free and simpler, as both the business and users will be able to create their own wallet and access it with the simplicity of login credentials rather than having to manage their own seed phrases.
More specifically for the business and company sides, Coinbase implemented multi-signature strategies so that the wallet keys will be divided amongst Coinbase and the company, thus reducing the risk of hacks and theft from a single failure point.
Simplicity is the name of the game here. People do not want to have to explore and pick a Web3 wallet extension from the plethora of applications out there. Web3 is already very new to Web2 users, whether they are investors, gamers, or just the average person, and having to manage private keys and wallets and make sure their assets are safe can deter them from joining the Web3 space. By creating a service that already integrates into a business application, the users of that application will automatically be able to create a wallet within the application that they are already using, all with the simplicity of using a username and password, just like you would with anything else on the Web. And to make your account even safer, users will be able to use authenticators such as a hardware authenticator or something like Google Authenticator in order to really secure their accounts.
Even though Coinbase technology has some custody over the company’s assets, this custody is necessary for things such as security and avoiding hacks, as a simple notice to Coinbase can lock down your wallet, allowing for transactions to be paused. This is meant for businesses and companies in Web2 who wish to come into Web3 and onboard their users as well. Safety and ease of use are much more important to them in this case than having to manage private keys.
EtherMail is a very unique email-based decentralized application that is changing the name of the email game as they aim to resolve the problems with the way traditional email works and is. EtherMail believes that the email inbox is your personal space, and those who attempt or send you emails are taking away from your time and getting in your personal space; thus, emails that are spammy, are filled with advertising, phishing attacks, and other malicious content should be filtered out, and for those who are advertising, the email should benefit the reader as they took the time out of their day to read it.
In response to this problem, EtherMail has created an application that can be built on top of your very own email interface, such as Gmail, and EtherMail encrypts wallet-to-wallet communication by utilizing something that they call The Paywall. The paywall applies a protective layer on your emails received so that you are able to filter out malicious content and the likes of advertising and spam emails.
In order for certain emails to get into your inbox that are very advertiser-heavy or spam-heavy in nature, they must utilize the EMT token in order to actually pay to get into your inbox, and thus, if the user opens up your advertising email and reads it, they get awarded the EMT token. This will actually benefit both the reader and the company doing the advertising, as the reader is actually incentivized to open the email as they know they will benefit in a monetary way, and by doing so, there will be much more focus for the company participating in using Ethermail for their email marketing needs as well.
It’s pretty innovative stuff to bring the world of Web2 emailing to Web3.
Just today, EtherMail announced their new pre-series A raise of $4 million, which was raised by Tim Draper, Draper Associates, and MS&D. In addition to the news of this fundraising amount, Tim Draper has also joined the advisory board of EtherMail. Tim Draper is well known for backing successful companies such as Unstoppable Domains, SpaceX, and Tesla with his Draper Associates Venture Fund. With a track record such as this, there are some high expectations and hopes for EtherMail to become a very successful Web3 application.
As someone who uses my email and various different emails every single day, it would be really nice to have an encrypted and anonymous standard for Wallet2Wallet email communication. Spam emails, advertising emails, and phishing attacks are absolutely annoying and sometimes even outright malicious, especially in the crypto industry. By being incentivized to read advertisements, I would actually be intrigued to read certain email marketing ads. For businesses, knowing that you can be sponsored by EtherMail could also give you an advantage in marketing yourself amongst the audience members and users of EtherMail for tech- or crypto-related advertisements. This could prove useful as well.
(Source: Code Canvas By Exchange Art)
Exchange. Art is a Solana Beach-based NFT marketplace that is heavily focused on fine art and 1 of 1 NFT art created by independent artists and creators. Currently, the exchange is one of the top 13 NFT marketplaces in the past month on the Solana blockchain, according to DappRadar.
Just today, the Exchange.Art team announced that they will be building upon their Exchange.Art platform and will release a new platform called Code Canvas, which will be home to generative art NFTs on the Solana Blockchain.
The team states that the concept of generative art will be similar to that of Art Blocks, which basically creates fine art and artworks from an algorithm right onto the blockchain; thus, artworks are generated before the artist locks in the code to mint the generated artwork.
The same will be true for Code Canvas, except Solana will be the home for this new generative NFT platform. Code Canvas and Exchange Art are working to bring well-known Ethereum and Tezos artists to come and mint generative art NFTs on the Code Canvas platform.
First, the team behind Code Canvas states that they do not wish to make these generative artworks a speculative asset but rather more about utility, community, and fine art. Second, Code Canvas is sticking to its guns by rewarding their creators with the royalty protection standard; thus, their secondary sales will be protected, and the artists will continue to earn royalties on their generative artworks that are sold on the secondary market.
As of now, Exchange Art is not seeing much trading volume and/or dominance on the Solana blockchain; however, bringing generative art to the Solana blockchain could stir up some hype for Exchange Art, bringing them some volume in the near future.
In a blog earlier this month, we talked about how Binance is releasing an AI-generated NFT marketplace where users will be able to put in some words and/or a picture with descriptions for the generator to create an AI-generated image. Seeing this and seeing how generative artwork is created through an algorithm, we are seeing that machine-based artwork is something that is gaining some traction amongst NFT marketplaces to experiment with.
Except this time around, there will be artists who are curating specific generative artworks.
Whether these algorithmic or machine-created artworks are considered valuable or not, well, Exchange Art does say that they should not really be considered speculative assets. However, there will always be people who find hype or value in art, whether it is created by an artist or by a machine. A generative NFt created by a well-known artist will most definitely be something that catches a lot of enthusiasts’ eyes.
March 18, 2023 Crypto Roundup. (Disclaimer: None of the observations or tips in this article constitutes financial, legal, tax, and/or any forms of advice.) Arbitrum
March 17, 2023 Crypto Roundup. (Disclaimer: None of the observations or tips in this article constitutes financial, legal, tax, and/or any forms of advice.) Could
March 14, 2023 Crypto Roundup (Disclaimer: None of the observations or tips in this article constitutes financial, legal, tax, and/or any forms of advice.) All
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14.7. Any waiver of any provision of the Terms on one occasion will not be deemed a waiver of any other provision or of such provision on any other occasion. Any delay or failure in exercising any right shall not constitute a waiver unless such waiver is confirmed in writing.
14.8. If any part of any section of these Terms is held invalid or unenforceable, that part will be construed in a manner to reflect, as nearly as possible, its original meaning while remaining valid and enforceable or if not possible shall be deemed deleted and the remaining part of the section and/or of these Terms will remain in full force and effect.
14.9. These Terms are the final, complete and exclusive agreement between you and Hector Network with respect to the subject matter hereof and supersedes and merges all prior discussions, agreements or representations between you and Hector Network with respect to such subject matter.
Welcome to the Hector Network platform (“we”, “us” or “Hector Network”). Hector Network is developing an ecosystem which consists of various innovative developments and applications (“Services”). The Hector Network platform is accessible on www.hector.network and any other sites or subdomains of Hector Network (“Site”).
To provide our Services we may collect some of your data some of which may under certain circumstances be considered personal information. We at Hector Network are committed to fully protecting your privacy and being a responsible and transparent custodian of the information we collect.
Therefore, please find all the necessary information on how we may collect and process your personal data gathered in connection with your use of our Site and our Services in this Privacy Notice.
Notice: Please, read this Privacy Notice carefully and in addition to the Terms and Conditions to understand our practices regarding the information that may be considered personal. If you do not wish for your personal information to be used in the manner described herein, you should not access our Site and all subdomains thereof, utilise our Services, participate in the offering of our tokens or otherwise provide Hector Network with your information which may be considered personal.
Please ensure that any relevant individuals are made aware of this Privacy Notice prior to providing their information to us or us obtaining their information from another source. In such a case, you or they must first ensure that you or they have the authority and appropriate legal basis to do so.
We do not knowingly collect or ask for data, including personal information, from people under the age of 18. If you are such a person, please do not use our Service or send us your data. Otherwise be informed that we erase such data the moment we learn it is collected from a person under the age of 18.
The administrator of our Site, provider of the Services and thus controller of your personal information processed in connection for purposes described hereinbelow is Hector Enterprise Inc.
Registered office: Trinity Chambers, PO Box 4301, Road Town, Tortola, British Virgin Islands
We will usually respond to all legitimate enquiries within 30 days. Occasionally it may take us longer if your request is particularly complex or you have made numerous requests. We will notify you and keep you updated.
‘Personal information’ is any information that, either alone or in combination with other data, enables an individual to be directly or indirectly identified (for example, name, email address, contact details, or any unique identifier such as an internet protocol address (‘IP address’), device ID or other online identifier).
We may collect the following basic personal information from you:
You can choose how Cookies are handled by your device through your browser or through our cookie banner, including refusing or deleting all Cookies. If you choose to receive no Cookies at any time, websites may not function properly and certain services may not be provided. Each browser and device is different, so check the settings menu of the browser or device you are using to learn how to change your advertising settings and Cookie preferences.
We may receive information about you from other sources, including third parties that can lawfully share the information with us and help us update, expand, and analyse our records, prevent or detect fraud or other suspicious activities and process payments. In addition, our Site may also include integrated content or links to content provided by third parties (such as live chat, social media content, plug-ins and applications).
Please be informed that we do not process special categories of personal data (such biometric data, data concerning health, racial or ethnic origin, political opinions, etc.).
We do not use either automated decision-making or profiling in terms of your personal information you provide to us.
We may use the information gathered primarily for the following purposes:
We may also use the information we collect:
We retain the information we collect for no longer than is reasonably necessary to fulfil the above purposes and to comply with our legal obligations.
Your personal information as described above is processed by us on a basis of the following legal grounds:
Taking steps prior to entering into a contract and necessity for performance of a contract with you – We may need to collect and use your personal information in order to enter into a contract with you or to perform a contract that you have with us, for example, when you provide personal information to us in order to purchase our tokens, if necessary for such purchase.
In such a case, the provision of your data is necessary in order to enter into a contract and also a contractual requirement as without such data we are not able to enter into a contract with you.
Compliance with legal obligations – We may process your personal information as may be required by respective legal or regulatory obligations that may apply to us.
In this case, the provision of your data is a statutory requirement without which we are not able to comply with our legal obligations.
Our legitimate interests – We may use your personal information for our legitimate interests to improve our Services, thus maintain and develop our business activities as well as to protect and enforce our or third party’s rights, if necessary.
Please be informed that you have the right at any time to object to the processing of your personal information which is based on our or third party’s legitimate interest.
Your consent – We send to you direct marketing e-mails upon your previous consent. Each such e-mail also contains a link that allows you to opt-out from receiving such e-mails, update your contact information or change your preferences at any time.
To withdraw any consent to processing your personal information, please use our electronic form or by clicking on a link provided in every e-mail sent to you to unsubscribe from such marketing electronic communication.
We may disclose information:
Important note: We do not sell, rent, or otherwise share personal information that reasonably identifies you or your organisation with unaffiliated entities for their independent use except as expressly described in this Privacy Notice or with your prior separate consent. We may share information that does not reasonably identify you or your organisation as permitted by applicable law.
When you voluntarily make your personal information available online in our environment shared by third parties (for example, on messaging applications, social media, message boards, web logs, or emails), that personal information may be viewed, saved, collected, heard, used and/or shared by third parties outside of Hector Network. We are not responsible for any unauthorised third party using such information. Please be mindful whenever you share any information in such environments.
Our Site may include integrated content or links to third parties’ content (for example, social media content, plug-ins and applications, video materials, etc.) which are governed by the third parties’ privacy settings and policies, which may differ from this Privacy Notice. This Privacy Notice does not address, and we are not responsible for or able to control, the privacy, security, or other practices of such third parties.
We deploy organisational, technical and physical safeguards designed to protect the information that we collect. This includes, when required or appropriate and feasible, obtaining written assurances from third parties that may access your personal information that they will protect the information with safeguards designed to provide a level of protection equivalent to that adopted by Hector Network.
We may store the information we collect on our servers both cloud-based or in servers located in countries where we or our service providers have facilities. Therefore, we may transfer information to countries outside of your country of residence which may include countries outside the EU member states.
Please note that if you are the EU citizen and provide us with your personal information, it may then be transferred for the purposes stated herein to third countries outside the EU/EEA under conditions set in this Privacy Notice and you consent to this by using our Site or Services.
You have the right to withdraw your consent at any time, without affecting the lawfulness of processing based on consent before its withdrawal. Therefore, the marketing e-mails we send to you include the opt-out link for you to unsubscribe from receiving such communication (as well as update your contact information). We will honour your choice and without delay refrain from sending you such e-mails.
Under local law, you may have certain rights regarding processing of your personal information, in particular, you have the right to request: (i) access to your personal information, (ii) rectification or erasure of your personal information, (iii) restriction of processing concerning you, (iv) objection to processing that is based upon our legitimate interests (as already stated above), and (v) data portability to other service providers.
We are committed to working with you to obtain a fair resolution of any complaint or concern about your privacy. If, however, you believe that we have not been able to assist with your complaint or concern, you may have the right to lodge a complaint with a respective supervisory data protection authority, as applicable, in your jurisdiction.
If you would like to contact us, please use the methods stated above.
Your ability to exercise these rights will depend on a number of factors and, in some instances, we will not be able to comply with your request, for example because we have legitimate grounds for not doing so or where the right doesn’t apply to the particular information we hold on you. Where so entitled to access to your personal information, you will not have to pay a fee unless your request is clearly unfounded, repetitive or excessive (upon which we may charge a reasonable fee or refuse to comply with your request). If you would like to discuss or exercise the rights you may have, you can contact us through the methods stated above.
Please keep us informed if your personal information changes whilst we continue to retain such information. We encourage you to contact us to update or correct your information if it changes or if you believe that any information that we have collected about you is inaccurate or out of date.
We may update this Privacy Notice from time to time and we encourage you to periodically review this Privacy Notice. If we make any material changes to this Privacy Notice regarding the way we collect, use, and/or share the personal information that you have provided, we will notify you by posting notice of the changes on the Site or, if we hold your email address, by email.
The use of certain of our Services may also be governed by other applicable terms and policies regarding privacy and the sharing of personal information, which supplement, and should be reviewed alongside, this Privacy Notice.
Unless otherwise defined in this Privacy Notice, terms used have the same meaning as in the Terms and Conditions.
Effective Date: 10 May 2022
This disclaimer (the “Disclaimer”) explains the terms and conditions governing your access to the https://hector.network/ website (the “Site”) and/or our services as described on the Site (the “Services”; unless the context provides otherwise, the Services shall be deemed to include the Site). This Disclaimer, together with the Terms and Conditions (the “Terms”), forms a binding legal agreement between you and Hector Enterprise Inc., with its registered office at Trinity Chambers, PO Box 4301, Road Town, Tortola, British Virgin Islands (“Hector Network” or “we” or “our” and its derivatives).
You must read this Disclaimer carefully. By accessing the Site and/or using the Services, you signify that you have read, understand and agree to be bound by this Disclaimer in its entirety and understand the risks related to the Services and crypto-assets in general. You agree to comply with this Disclaimer even if our methods to prevent the use of the Services are not effective or can be bypassed. If you do not agree with anything in this Disclaimer, you may not use the Services. We may implement controls to restrict access to the Services from any jurisdiction or persons prohibited pursuant to this Disclaimer.
You agree to indemnify and hold Hector Network harmless from any losses, costs, liabilities and expenses (including legal fees) relating to or arising out of: (a) your use of, or inability to use, the Services; (b) your violation of this Disclaimer or the Terms; (c) your violation of any rights of another party, including but not limited to any other users of the Services; or (d) your violation of any applicable laws.
Hector Network may, at its own discretion, assume the exclusive defense and control of any matter otherwise subject to indemnification by you, in which event you shall fully cooperate with Hector Network in asserting any available defenses. This provision does not require you to indemnify Hector Network for any fraud, gross negligence, or willful misconduct of Hector Network.
You confirm that you fully understand that (i) our crypto products and related services are unregulated and can be highly risky; (ii) there may be no regulatory recourse for any loss from crypto-related transactions; (iii) investment in crypto-assets or similar products carries a high risk, may not be suitable for retail investors and the entire amount invested may be lost.
Hector Network is not a bank, securities firm, financial institution, financial services provider or provider of similar services and does not provide investment, tax or financial advice, financial services or consulting services to users of the Services. We are solely the provider of the Services. Your logged digital assets are not covered by insurance against losses or subject to any deposit insurance schemes or protections.
You understand that you are solely responsible for any tax reporting and payment, levies or similar duties applying to you in relation to your use of the Services (including but not limited to your purchase and/or sale of any digital assets) and you agree to hold us harmless and indemnify us for any tax-related obligations applicable to you in relation to your use of the Services.
You may not use the Services if you are located in, or are a citizen or resident of any state, country, territory or other jurisdiction where your use of the Services would be illegal or where your use of the Services would amount to any violation of any applicable law either by you or by Hector Network, which is your obligation to check before using the Services, including but not limited to:
any jurisdiction for which the Services, or any offer or solicitation in respect of the Services, would require registration or licensing or otherwise would be unlawful.
The Services are also not available to any person who is the subject of economic or financial sanctions or trade embargoes administered or enforced from time to time by (a) the U.S. government, including those administered by the Office of Foreign Assets Control (OFAC) or the U.S. Department of State or (b) the United Nations Security Council, the European Union or Her Majesty’s Treasury of the United Kingdom; or (c) any other relevant sanctions authority (“Sanctions”) or is organized or resident in a country or territory that is the subject of country-wide or territory-wide Sanctions.
The information on this page and all other pages owned, operated by, or related to Hector are for educational purposes only and do not constitute any sort of advice. Cryptocurrencies, NFTs and other blockchain offerings are unregulated assets and users should do extensive research into how they work, the potential risks and the tax liability of owning them in their native regions. Users should carefully read all the documents above before accepting.