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
(Source: Few and Far)
Few and Far is an NFT marketplace that is building on the NEAR chain and has received recognition and grants from the NEAR foundation as they build out a secure, scalable, and carbon-neutral NFT marketplace.
Few and Far has just raised $10.5 million in a funding round led by Pantera Capital, with additional participation from the likes of Cypher Capital, Huobi, Lyrk Ventures, Mantis, K5, and other investors. Few and Far announced that they would use the funds to expand their web3 developer team, upgrade their user experience, and further expand the capabilities of the platform. As they are building out an NFT platform that also has a DEX integrated into it, there are many different features to implement.
A big part of this new NFT marketplace and DEX for the NEAR ecosystem is that Few and Far will be safeguarding creator fees and royalties.
Paul Veradittakit from Pantera Capital states,
“We are proud investors in Few and Far and support their mission to bring NFTs to the mainstream. The market has recently seen a systemic shift in royalties. Few and Far’s technologies solve this and protect IP holders’ revenue models. This is gaining interest from the world’s leading brands that can no longer work with the likes of OpenSea. We are excited to back what we feel is one of the strongest web3 teams out there .”
Amidst the ongoing war between Blur and OpenSea, it seems like the investors backing Few and Far and the team themselves are taking a strong stance on placing high importance on IP holders’ revenue models, even though we are seeing the top two current marketplaces play around with lowering or making creator fees optional.
Even though Near Protocol is a top 50 project with a market capitalization of $1.8 billion and is currently right in between Cronos, VeChain, Quant, and Hedera, there is barely any network activity coming from the marketplaces on the Near ecosystem.
As we can see from the chart above, there is literally no monthly volume coming in for the marketplaces that are listed in this DappRadar ranking, and the same goes for the decentralized exchanges in the Near ecosystem as well.
As Few and Far will be building out Near’s first marketplace and DEX on one platform, we could see some significant potential for growth and activity coming for Few and Far compared to any of the other Near marketplaces and DEX.
Back at the beginning of the year, Shopify announced that they supported the creation and sale of NFTs on their platform using the Venly Shopify merchant app, and through their partnership with Avalanche, these merchants could offer Avalanche-based NFTs through the initiative. The goal was to make it easy for merchants to design and sell NFTs without needing technical knowledge. Buyers did not need a crypto wallet, and creators could earn royalties on their NFT sales. In our blog, we discussed how Shopify’s initiative into NFTs and Web3 could open up new possibilities for selling digital and physical products together as NFTs. Shopify could even enter the metaverse in the future and sell in-world assets.
Over the next few months, there were rumors of Amazon getting into NFTs, and other e-commerce entities such as eBay were experimenting with their own Web3 initiatives as well. It seems like Shopify is pushing out their Web3 initiative even further now as they have just partnered up with Thirdweb in order to create their new kit, Commercekit.
Thirdweb is a web3 development framework that provides the dashboard, SDKs, components, contracts, etc. in order for developers to connect their applications to a decentralized network. This could be any chain, as long as it is EVM compatible.
This new Commercekit is a kit for allowing Shopify merchants to be able to combine a customer’s purchase that occurred off-chain with their digital wallet activity, allowing for a single profile to be created for Shopify customers.
By creating these profiles, Shopify merchants will be able to further explore loyalty rewards, discounts, and other benefits for their loyal customers, who may purchase their products IRL or online. By integrating Commercekit with the help of Thirdweb into the hands of these Shopify merchants, these merchants will be able to provide things such as NFTs from any EVM chain rather than just the Avalanche chain, giving the merchants the option to explore rewards on other chains as well.
It was only a matter of time before we would start to see this capability pushed out by Spotify. After being able to offer Avalanche-based NFTs, it was inevitable that Shopify would want to offer their merchants the ability to offer their own customers NFTs that are built on more popular chains such as Polygon and Ethereum. This would aid in any secondary market sales, as those that are built on more popular chains would theoretically have more activity and users compared to less active chains.
Additionally, by implementing this new Commercekit into their business operations, it seems like Shopify is way ahead of its e-commerce competitors in terms of offering their merchants and customers the ability to explore and experiment with NFTs.
There is absolutely zero intention to spread any kind of FUD with these blog posts about any protocol or project whatsoever. The reason I like to cover any news regarding the status of certain stablecoins is because anything is possible in the world of crypto, and no matter how big of a project you are, there is always a possibility for a catastrophic event to occur. The best way to protect yourself as an investor from any kind of catastrophic event is to keep yourself updated with what is going on and make sure you do your own due diligence into which stablecoins to be using to be safe(r).
On that note, it seems like Binance USD’s market capitalization has fallen below $10 billion today, which is a very significant drop in market capitalization ever since news that Paxos would stop issuing BUSD tokens.
Sure, there are talks that Binance will switch to a different stablecoin issuer, but it does seem like Binance is under heavy fire, as a significant drop in stablecoin market capitalization does mean that users are swapping the BUSD token for something else, whether that be cash, another asset, or another stablecoin such as DAI, USDC, or USDT.
Of course, according to Binance’s proof of reserves and treasury, the entity is able to weather the events of a bank run on their stablecoin as it is backed on a 1:1 basis; however, the credibility for a stablecoin does go down when investors and users see that there is a falling demand for a particular stablecoin.
Just under a $10 billion market capitalization is still a very significant number, as BUSD is still a top-3 stablecoin as of now. However, it will start to get worrisome if BUSD continues to decrease in market capitalization below $5 billion. At this point, it would be safe to say that you should not keep all of your eggs in one basket. You will most likely be alright, but it is always better to be safe than sorry.
Additionally, just today, Coindesk reported on a report by The Wall Street Journal that Tether, the company that issues USDT, has previously falsified documents and that Tether used fake intermediaries to access bank accounts under various different names, which is how they were able to move and maintain their digital currency in the traditional financial system in 2018. The report also says that Tether’s sister company, Bitfinex, was involved in opening bank accounts for shell companies in Asia. Tether has had trouble getting banks to work with them, so they’ve had to resort to tricks to keep their access to the financial system.
Upon hearing reports of this, the CTO of tether has stated that the Wall Street Journal report has made a lot of inaccurate and misinformed claims without detailing many of the specifics.
If this is the case, then it is still technically a claim that is up in the air; however, it is good to keep up to date with the current and past events of a company, especially if they are a company that you have quite a lot of funds in.
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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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.