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Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...

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September 12, 2024

The Vega Protocol community has voted to retire its Layer 1 (L1) blockchain and the associated VEGA token.

The decision marks the end of the Vega chain’s operations, which were focused on facilitating derivatives trading on a decentralized platform.

The unanimous governance vote triggered the automatic shutdown of trading activities on the Vega blockchain, the project said in a recent blog post.

Vega Shuts Down L1 Chain Due to Lack of TractionThe protocol launched its first on-chain markets after the release of its alpha mainnet in 2023.

However, the lack of substantial traction in its current form as an application-specific blockchain (app chain) led to the community’s decision to discontinue the project.

The Vega team explained that the network did not achieve the growth and interest required to sustain it as a viable platform.

Consequently, the project will now focus on maintaining the core software rather than continuing with the blockchain and token in their present state.

“We are proud of the software we have built, but unfortunately, the chain and token did not gain the momentum needed to ensure sustainability,” said Barney Mannerings, co-founder of Vega Protocol.

He further emphasized that the resources would now be allocated to supporting other initiatives based on Vega’s core technology.

One such initiative is Nebula, a decentralized exchange that will utilize the Vega software.

Nebula operates independently from the Vega Protocol and will have its own token, NEB.

The on-chain vote to retire the Vega chain has officially passed.

As a result, the Vega chain no longer supports trading on any markets. The chain is expected to cease operations after a “ramp-down” period, during which validators are incentivised to maintain node operations,…

— Vega Protocol (@vegaprotocol) September 11, 2024 As a gesture to the existing VEGA token holders, the Nebula team plans to offer NEB tokens to them, providing some continuity of value within the ecosystem.

“We believe the future of our software lies in open-source development, where projects like Nebula can build upon it,” Mannerings added.

As part of the shutdown process, the Vega chain will enter a “ramp down” phase, during which validators will maintain nodes to ensure users can withdraw their funds.

Validators to Keep Vega Running Until Oct. 27The core team said that validators have committed to keeping the chain operational until at least October 27, 2024, allowing users a window of opportunity to safely move their assets off the network.

The team also issued a warning to users to remain vigilant for updates regarding the chain’s status.

“If the chain halts, assets may become stuck on the bridge, and we will not be able to retrieve them for you,” the team cautioned.

The VEGA token has experienced a sharp decline following the shutdown announcement. Over the past week, its price has dropped by 30%, falling from $0.10 to $0.068.

The token has also seen a more than 90% decline since the start of the year.

Vega’s journey began with its whitepaper in 2018, where the team outlined a high-performance, application-specific blockchain based on the Tendermint proof-of-stake consensus mechanism.

In 2019, the project raised $5 million in a seed round led by Pantera Capital, followed by a $43 million community token sale on CoinList in 2021.

Last year, Vega Protocol launched the first perpetual futures market on its network.

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COTI: Introducing COTI Nightfall

COTI: From Vibe Coder to Ecosystem Builder: Whisper Joins the COTI Privacy Ecosystem

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Table of contents

Quick Answer: COTI is currently trading around $0.012–$0.013, with a market cap of approximately $33–$36M and a CMC ranking of ~#544. The token is trading roughly 98% below its September 2021 ATH of $0.6686. COTI has undergone a significant strategic transformation: it is now an Ethereum Layer 2 privacy infrastructure powered by Garbled Circuits — one of the most advanced cryptographic privacy protocols in Web3. Key 2026 catalysts include the V1 network sunset (Q3 2026), the COTI Nightfall ZK Rollup launch, and the Privacy-on-Demand infrastructure expansion across multi-chain. Third-party forecasts for 2026 range from $0.013 (MEXC conservative) to $0.184 (CoinFomania bull case).

Key Takeaways COTI has pivoted from a DAG-based payments network (V1) to an Ethereum L2 privacy layer (V2) powered by Garbled Circuits — nearly 3,000x faster than Fully Homomorphic Encryption (FHE) The V1 network (Trustchain) sunsets end of Q3 2026 — users with native COTI or gCOTI in VIPER wallets must migrate to V2 Key 2026 catalyst: COTI Nightfall — an Ethereum ZK Rollup for enterprise privacy, originally developed by Ernst & Young, with mainnet deployment planned for late 2026 DigitalCoinPrice projects COTI reaching ~$0.13 by end of 2026; CoinFomania targets up to $0.184; Cryptopolitan projects $0.109 RSI at ~22 (DigitalCoinPrice) signals the token is in oversold territory, potentially creating a technical bounce opportunity COTI has 180+ ecosystem projects, partnerships with Plume, TAC, PriveX, and membership in the Enterprise Ethereum Alliance alongside Microsoft and JPMorgan Chase Circulating supply: ~2.86B COTI; Max supply: 4.91B COTI COTI Price & Market Overview MetricValuePrice (June 2026)~$0.012–$0.013Market Cap~$33–$36M24h Volume~$4–7MAll-Time High$0.6686–$0.6825 (Sept–Oct 2021)ATH Drop~98%Circulating Supply~2.86B COTIMax Supply4.91B COTICMC Ranking~#544 Sources: CoinGecko, CoinMarketCap

What Is COTI? COTI (Currency Of The Internet) launched in 2019 as a DAG-based blockchain network designed for high-speed, low-cost payments with a unique Proof-of-Trust consensus mechanism. Originally marketed as infrastructure for digital currencies and stablecoins — including serving as the technical backbone for the Djed algorithmic stablecoin on Cardano — COTI was positioned as a fintech-focused payment layer.

In 2024–2025, COTI underwent a fundamental strategic transformation. The project migrated to COTI V2, an Ethereum-compatible Layer 2 built entirely around programmable privacy using Garbled Circuits — a breakthrough cryptographic protocol developed in partnership with Soda Labs. COTI V2 is no longer primarily a payments network; it is now privacy infrastructure for Web3.

Key COTI V2 technical highlights:

Garbled Circuits enable computation on encrypted data without exposing inputs or outputs — meaning smart contracts can process private data on a public blockchain Performance: ~3,000x faster than Fully Homomorphic Encryption (FHE); ~250x lighter computational overhead Fully EVM-compatible — developers use standard Solidity tooling Supports confidential transactions, private smart contracts, confidential DeFi, private voting, encrypted AI inference, and private RWA tokenization COTI token used as gas for private computation, Treasury staking, and future governance The V1 network (DAG-based Trustchain) is being formally sunset at end of Q3 2026. Users still holding native COTI or gCOTI in VIPER wallets must complete migration. blockchainreporter covered the V2 mainnet launch and COTI’s Garbled Circuits infrastructure expansion in detail.

Key Catalysts for COTI in 2026 1. COTI Nightfall — ZK Rollup for Enterprise Privacy COTI is launching Nightfall, an Ethereum Zero-Knowledge Rollup originally developed by Ernst & Young, designed specifically for enterprise-grade privacy compliance. Mainnet deployment is planned for later in 2026. Nightfall creates a dual-mainnet privacy stack: Garbled Circuits for general programmable privacy, and ZK Rollup for enterprise use cases requiring maximum compliance and auditability. As blockchainreporter reported, COTI targets privacy-enabled tokenized RWAs as a core growth vertical.

2. V1 Sunset (End Q3 2026) The technical consolidation onto V2’s modern EVM-compatible stack finalizes in Q3 2026, eliminating the complexity and maintenance overhead of supporting two networks. This is broadly neutral-to-bullish for token utility.

3. Privacy-on-Demand Multi-Chain Expansion COTI is bringing its Garbled Circuits stack to other blockchain ecosystems beyond Ethereum, enabling any chain to integrate privacy-on-demand without rebuilding from scratch. This significantly expands COTI’s total addressable market.

4. Enterprise Ethereum Alliance Membership COTI joined the EEA alongside Microsoft, JPMorgan Chase, and the Ethereum Foundation, participating in working groups targeting enterprise Web3 privacy standards.

5. RWA Tokenization Ecosystem Partnerships with Plume (180+ RWA projects), TAC, PriveX (private perpetuals DEX), and CodeXchain position COTI as privacy infrastructure for the growing tokenized RWA market, which surpassed $300B valuation in 2026.

How Does COTI Compare to Similar Privacy Projects? ProjectMarket Cap (June 2026)ApproachEVM CompatibleKey DifferentiatorCOTI (V2)~$35MGarbled Circuits L2YesSpeed (3,000x faster than FHE), EVM nativeMonero (XMR)~$3–4BRing Signatures + RingCTNoFull privacy by default, most battle-testedSecret Network (SCRT)~$100–200MTEE (Trusted Execution Environments)PartialCosmWasm smart contractsAztec (AZTEC)~$300M+ZK-SNARKsYesZK-native L2, strong institutional interestOasis Network (ROSE)~$400MConfidential computing (TEE)YesSapphire EVM-compatible runtime COTI’s Garbled Circuits approach occupies a distinct position: unlike ZK-proofs (which require complex circuit compilation per computation) or TEEs (which rely on trusted hardware), Garbled Circuits are cryptographically pure, EVM-compatible, and dramatically faster than FHE alternatives. The main risk is lower brand recognition versus established privacy coins and newer ZK rollups with larger funding.

COTI Price Prediction 2026 COTI entered 2026 trading around $0.03–$0.06 before declining sharply to current levels near $0.012–$0.013. The token is trading below both its 50-day and 200-day SMAs, with DigitalCoinPrice noting the RSI at approximately 22 — deep in oversold territory, suggesting downward momentum is extended.

DigitalCoinPrice projects COTI in a range of $0.11–$0.14 by end of 2026, with $0.13 as the most likely target. The platform notes COTI is currently 101% below its 200-day SMA, an extreme reading that has historically preceded technical recoveries.

CoinFomania (machine learning model) projects a 2026 range of $0.095–$0.184, with an average near $0.169 — implying a 10–13x from current levels if the bull case materializes.

Cryptopolitan projects COTI reaching $0.109 by end of 2026 under their base case, with potential to approach $0.1086–$0.1108 in H2 2026 if broader crypto market conditions recover.

MEXC runs a conservative linear model projecting COTI at approximately $0.013 through 2026 — essentially flat from current levels, reflecting a no-catalyst scenario.

BLOX forecasts a maximum of approximately €0.0133 (~$0.0144) for 2026 under its cautious model.

Source2026 Low2026 Average2026 HighDigitalCoinPrice$0.11~$0.13$0.14CoinFomania$0.095~$0.169$0.184Cryptopolitan—~$0.099$0.109AMBCrypto$0.051~$0.064$0.077MEXC$0.012~$0.013$0.014 All figures are third-party estimates. Not investment advice.

COTI Price Prediction 2027 For 2027, forecasts generally reflect optimism around the post-Nightfall launch period and continued V2 ecosystem growth.

CoinFomania projects COTI reaching a maximum of $0.263 in 2027, with an average near $0.231 and a floor around $0.15.

DigitalCoinPrice projects COTI at $0.16–$0.19 through 2027, consistent with gradual appreciation from current levels.

Cryptopolitan targets an average of approximately $0.14–$0.17 for 2027, with the high end dependent on Nightfall launch success and RWA adoption.

AMBCrypto projects a more conservative $0.056–$0.084 range for 2027.

2027 Consensus Range: $0.084 – $0.263 (base to bull)

COTI Price Prediction 2028–2029 CoinFomania projects COTI reaching $0.381 maximum in 2028, with an average near $0.344. For 2029, the platform projects a maximum of $0.521, average near $0.462.

Cryptopolitan projects COTI reaching $0.282 by 2028.

AMBCrypto models a conservative range of $0.069–$0.100 for 2028–2029, reflecting skepticism about sustained utility-driven demand.

COTI Price Prediction 2030 By 2030, forecasts diverge significantly based on assumptions about COTI V2’s ecosystem success.

CoinFomania projects COTI reaching a maximum of $0.845 in 2030, with an average near $0.75 — representing roughly a 60x from current levels under their bull model.

Cryptopolitan projects $0.598 maximum for 2030, with an average near $0.503.

AMBCrypto takes a conservative stance at $0.076–$0.110 for 2030, essentially flat from 2029.

MEXC projects approximately $0.016 for 2030 under their conservative linear model.

YearLowAverageHighSource2026$0.095$0.169$0.184CoinFomania2026$0.11~$0.13$0.14DigitalCoinPrice2027$0.15$0.231$0.263CoinFomania2028—$0.344$0.381CoinFomania2029—$0.462$0.521CoinFomania2030$0.425$0.75$0.845CoinFomania2030$0.486$0.503$0.598Cryptopolitan All predictions are third-party estimates. Not investment advice.

COTI Price Prediction 2040 Long-range forecasts for COTI in 2040 are highly speculative.

MEXC projects approximately $0.025 by 2040 under their base model.

AMBCrypto forecasts a range of $0.043–$0.065 by 2040.

More optimistic analysts project COTI could reach $1–$5 by 2040 if Garbled Circuits become a standard privacy primitive across major blockchain ecosystems and institutional Web3 adoption accelerates — though no major forecasting platform currently places a price target this high with confidence.

Where to Buy COTI Binance — One of the largest COTI markets; COTI/USDT and COTI/BTC pairs Coinbase — Listed and available for most jurisdictions KuCoin — Active COTI/USDT spot trading Kraken — COTI/USD liquidity with institutional-grade custody Gate.io — Multiple COTI trading pairs OKX — Listed with spot trading Bybit — COTI is available on Bybit; verify current trading pairs COTI V2 tokens can be held in any standard EVM-compatible wallet (MetaMask, Ledger, Trezor) using the Ethereum network contract. Users still on V1 (native COTI or gCOTI in VIPER wallets) must complete migration to V2 before the V1 network sunset at end of Q3 2026 — check official coti.io for migration instructions.

Frequently Asked Questions What is COTI? COTI is an Ethereum Layer 2 privacy infrastructure powered by Garbled Circuits, a breakthrough cryptographic protocol enabling computation on encrypted data without exposing it publicly. Originally launched as a DAG-based payments network in 2019, COTI V2 now focuses on programmable privacy for DeFi, RWA tokenization, AI inference, and enterprise Web3 applications. The COTI token is used as gas for private computation and Treasury staking. The V1 network sunsets at end of Q3 2026.

What is the COTI price prediction for 2026? Third-party forecasts for COTI in 2026 vary widely. DigitalCoinPrice projects $0.11–$0.14, CoinFomania models up to $0.184, and Cryptopolitan targets ~$0.109. Conservative models from MEXC and BLOX project near-flat movement around $0.013–$0.014. The key upside catalysts are the COTI Nightfall ZK Rollup mainnet launch (H2 2026) and broader privacy narrative recovery in the crypto market.

What is the COTI price prediction for 2030? By 2030, CoinFomania projects a maximum of $0.845 with an average near $0.75. Cryptopolitan targets $0.598 maximum. AMBCrypto is more conservative at $0.076–$0.110. The range reflects genuine uncertainty about COTI V2's long-term ecosystem adoption, particularly in the competitive privacy L2 sector.

What is COTI V2? COTI V2 is an Ethereum-compatible Layer 2 built on Garbled Circuits — a cryptographic protocol that allows smart contracts to compute on encrypted data without revealing inputs or outputs. It is fully EVM-compatible, 3,000x faster than FHE alternatives, and supports confidential DeFi, private RWA tokenization, encrypted AI inference, and compliant enterprise applications. The V1 DAG-based network is being retired in Q3 2026.

Is COTI a good investment in 2026? COTI has strong technical differentiation via Garbled Circuits, a growing ecosystem of 180+ projects, and relevant positioning in the expanding RWA and enterprise privacy verticals. However, risks are significant: the token is 98% below ATH, trading volume is thin (~$4–7M daily), and the privacy L2 sector is highly competitive with better-funded rivals like Aztec and Oasis. Investors should research thoroughly and size positions relative to risk tolerance.

COTI: COTI Earn Update: Season 3 Wrap and Season 4 Kick Off

COTI: COTI Earn Season 4: Velocity Is Now Live

The intersection of technology and governance is rapidly evolving, with artificial intelligence (AI) playing a crucial role. A prime example is Humans.ai, a deep tech company leading innovative projects that leverage AI to improve government functions and support underdeveloped regions. Their most significant initiative, the ION project, exemplifies AI’s transformative potential in governance.

AI-Focused Government AdvisorThe ION project represents Romania’s first AI government advisor, a groundbreaking effort by Humans.ai’s AI researchers in collaboration with the Romanian Government. This project uses advanced AI techniques like natural language processing and computer vision to capture and analyze public opinion from social media. The goal is to create a real-time, non-partisan platform similar to today’s Agora, where citizens’ voices are heard and considered in decision-making.

Humans.ai’s vision extends beyond national borders, addressing global challenges with innovative AI solutions. The company showcased AI applications designed to support smart villages at various Commonwealth events.

This initiative, conducted in partnership with organizations like NVIDIA and UC Berkeley, aims to improve the quality of life and economic well-being of rural and isolated communities. Considering that 3.4 billion people live in such areas worldwide, these solutions are crucial for sustainable development.

Smart Villages ConceptThe smart villages concept involves empowering rural communities to solve their problems using essential digital tools. By integrating AI, these communities can transform their operations, becoming more resilient and sustainable. Examples include using AI for healthcare (digital doctors), precision agriculture, and renewable energy management. Such initiatives demonstrate AI’s practical benefits and make it a vital tool for addressing the unique challenges faced by underdeveloped regions.

The partnership between the Commonwealth, NVIDIA, and Humans.ai highlights AI’s role in climate action and youth empowerment. These collaborations aim to create ecosystems where technology serves people, improves their quality of life, and enables them to contribute to broader societal goals. This vision aligns with the United Nations’ Sustainable Development Goals (SDGs) that promote economic growth and innovation.

AI Integrates into GovernanceAs AI becomes increasingly integrated into governance, projects like ION set a benchmark for the ethical and effective use of technology. They demonstrate how AI can be used to meet citizens’ needs, ensuring the equitable distribution of technological benefits.

AI can bridge the gap between governments and citizens by capturing public sentiment and facilitating informed decision-making, promoting trust and transparency.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

Key NotesThe postponement of Ethereum's mainnet hardfork to April could impact development timelines and investor expectations in the ecosystem.Multiple token unlocks on March 1st may create short-term selling pressure across several major blockchain networks.The combination of crypto conferences and US macroeconomic events will likely drive market volatility throughout the month. March brings several major events for the crypto industry, with the highlight being Ethereum’s Pectra upgrade, which is set to go live on the Sepolia testnet on March 5. The mainnet hardfork, originally expected earlier, has been postponed to April.

Another significant milestone is the public launch of Humans.ai’s H1uman, scheduled for March 1.

Two major crypto conferences will also take place this month:

March 2-3 – Crypto Expo Europe, Bucharest, Romania March 19-20 – Next Block Expo, Warsaw, Poland In the US, key macroeconomic events could influence market sentiment:

March 12 – Consumer Price Index (CPI) release March 18-19 – Federal Open Market Committee (FOMC) meeting Token Unlocks to Watch:

March 1 — Solana (11 200 000 SOL or 2.24%) March 1 — ZetaChain (44 260 000 ZETA or 6.48%) March 1 — Sui (22 970 000 SUI or 0.74%) March 1 — dYdX (8 330 000 DYDX or 1.14%) March 8 — Berachain (10 000 000 BERA or 9.3%) March 12 — Aptos (11 310 000 APTOS or 1.93%) Upcoming Airdrops:

March 3 — Flare Network (rFLR) March 4 — AgriDex (AGRI) March 13 — MSquare Global (USDT) These events could shape the market dynamics for the coming months.

Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.

Solana (SOL) News, Cryptocurrency News, Ethereum News, News

Anton is a crypto journalist with over five years of experience in the industry. For four years, he served as an editor at <a href="https://forklog.com/">ForkLog</a>, the largest Russian-speaking Bitcoin magazine. Anton combines his deep understanding of crypto markets with hands-on investment experience, offering sharp insights on expert forecasts, NFT trends, and Web3 innovations. His clear and engaging analysis makes complex topics accessible, empowering readers to make informed decisions in the evolving crypto landscape.

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OGN: The End of Oracle Dependence: How Origin Ether Brings Trustless Validation to Liquid Staking

The price of VERUM and PHALA has shown double-digit gains, while Bitcoin has retraced to the $94,000 level.

The global crypto market cap is not trading at its best shape, losing 2.11% in market cap over the last day.

The overall bearish market conditions are visible across all top coins, with Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) showing a pullback in the last 24 hours.

Amidst this market condition, Verum Coin (VERUM) has surged by over 88%, jumping from a 24-hour low of $1,120.20 to as high as $2,182 at last check Saturday.

Source: CoinGecko Last week, Verum announced via social media that the coin was available on the Halo Wallet. Before that, the project confirmed that it was available on the Binance Web3 Wallet.

The coin’s popularity is perhaps tied to Verum Runner, a game that debuted in 2024. It integrates cryptocurrency elements, allowing players to collect in-game V Coins and convert them to Verum Coins.

The development team behind Verum Coin remains anonymous.

Phala (PHA) saw a 45% surge in price within the last 24 hours. The coin’s price spiked from $0.3716 to $0.5893 before retracing to its current price of $0.5406.

The PHALA team has recently introduced Phala 2.0, which may have inspired the price surge. However, one of the most notable reasons for the surge could be the news that Phala Network and ai16z are experimenting with AI in a new collaboration.

Source: CoinGecko Third on the list of top gainers is aixCB by Virtuals, which rallied close to 50% in the last 24 hours from $0.0357 to $0.6697.

24H AIXCB price chart from CoinGecko The community-driven venture capital powered by AI has over 140,000 community members, 23 grants in progress, and has given out $5 million in rewards.

The project has also hit $20 million in staking rewards in two weeks, which could have helped in pushing the price higher.

Find Satoshi Lab is a Web3 developer that has gained attention in the gaming industry with their successful video game called Gas Hero. Since its release earlier this month, the game has generated a remarkable $90 million in trading volume by trading non-fungible tokens (NFTs).

According to a report by The Block, Gas Hero has become popular among more than 10,000 active players who enjoy its engaging gameplay. One of the reasons why the game is liked by many is that it can be played on both mobile devices and computers without needing to download anything, making it easy for a wide range of people to access and enjoy.

Through the game, players can trade different collections of NFTs. There are six collections in total, and they include various in-game items such as unique characters, powerful weapons, and virtual assets. These items have been transformed into NFTs using the Polygon PoS network. The collections have become quite popular and are among the most traded sets of items. For example, the game’s Common Heroes collection was the fifth most traded within the past 24 hours at some point yesterday.

To encourage more players to join Gas Hero, Find Satoshi Lab had previously announced that they would reward players with more than 2 million GMT tokens, which were worth about $400,000 at that time. Currently, there are an additional 14 million GMT tokens available for players who actively take part in Gas Hero’s Gas Wars PvP battles. This is an exciting incentive for players to get involved and have fun playing the game.

Gas Hero’s Fast Success Shows New Generation of Gamers Are Eager to Explore Web3 The early success of Gas Hero has garnered positive attention from key figures in the Web3 ecosystem. Sandeep Nailwal, co-founder of Polygon Labs, has expressed satisfaction with the game’s popularity, viewing it as a reflection of the growing interest in web3 gaming. He believes that its launch serves as a promising indicator of the direction the ecosystem is heading, attracting a new generation of gamers who are eager to explore the possibilities offered by the Web3 sphere. He said:

“The popularity of Gas Hero is indicative of the present appetite for web3 gaming. The game’s wide appeal, as illustrated by such early success, is a positive sign of the trajectory our ecosystem is heading in, as we witness a new type of gamer enter into the Web3 sphere.”

Gas Hero has had a big effect on the gaming industry, and many people find the game appealing because it works on different devices and there are rewards to encourage players to get involved. These factors have helped it become popular. As more players get interested and excited about the project, it will likely have a lasting impact on the future of web3 gaming.

Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.

Polygon (POL) News, Altcoin News, Cryptocurrency News, News

Temitope is a writer with more than four years of experience writing across various niches. He has a special interest in the fintech and blockchain spaces and enjoy writing articles in those areas. He holds bachelor's and master's degrees in linguistics. When not writing, he trades forex and plays video games. 

Temitope Olatunji on X

Hooked Protocol (HOOK) is currently attracting plenty of attention in the crypto world after its price went up 20% in just 24 hours. Analysts and investors are once again speculating that the token could hit new all-time highs (ATH).

People are expecting HOOK to go up to $35 during this bullish cycle because of its quick rise. As HOOK gains momentum, the most important question is still whether it can keep growing and reach those lofty targets.

Hooked Protocol represents the concept of “edutainment” designed to onboard individuals into the world of Web 3.0. The protocol provides a social learning space that promotes learning while earning. This makes it an excellent place for people who are new to decentralized technologies.

Created for a fast-paced setting, Hooked Protocol aims to support the onboarding of decentralized apps (DApps) and infrastructures while fostering an ecosystem of community-owned economics.

To achieve these goals, Hooked employs an educational strategy that gamifies the learning experience and incorporates incentive models.

This method not only solves the problems of getting new people started with Web3, but it also encourages them to start their Web3 journey, which leads to wide adoption.

HOOK Price Action and Market Sentiment HOOK price rallied up to $0.4418, up from $0.36 in less than a day, marking a near 20% increase. This price movement has pushed the token’s market cap to $75.1 million, with a 24-hour trading volume of $22.7 million, indicating renewed interest in the asset.

However, the cryptocurrency has recently corrected and is currently trading at $0.4257 a 14.3% increase over the past 24 hours. As the broader cryptocurrency market, led by Bitcoin, begins to recover, altcoins like HOOK are emerging as potential big winners in the anticipated altseason.

Analyst Predictions and Technical Analysis Earlier this year, in January, a prominent crypto analyst known as CryptoBullet shared a macro chart analysis of HOOK, identifying key price targets.

He noted that anything below $0.9 was a strong long-term buy, with major resistance expected between $2.10 and $2.60. CryptoBullet set three ambitious price targets for HOOK: $7.20, $15.00, and $35.00.

By June 30, CryptoBullet provided an update, affirming that HOOK had reached the ‘Aggressive Buy’ zone. In this update, the analyst emphasized that Target 2 ($15.00) was his primary focus, signaling strong confidence in the token’s upward potential.

HOOK/USDT Price Action, Source: @CryptoBullet x Technically, HOOK is currently trading within a wedge pattern—a formation that often precedes significant price breakouts. The token has respected the support and resistance lines within this pattern, indicating that a breakout could be imminent.

If HOOK manages to break out above the resistance, the first target of $7.20 appears attainable. Beyond that, analysts are watching for the $15.00 level, with the most bullish predictions pointing toward a $35.00 ATH—a scenario that would result in a 90x return for investors who bought at current levels.

The positive sentiment surrounding HOOK is further supported by broader crypto market trends. Bitcoin’s recent climb back to the $60,000 mark has improved the Crypto Fear and Greed Index to a score of 40, reflecting a steady recovery and a shift away from extreme fear. This improving sentiment in the crypto market could create favorable conditions for altcoins like HOOK to thrive and achieve their bullish targets.

Disclaimer

The contents of this page are intended for general informational purposes and do not constitute financial, investment, or any other form of advice. Investing in or trading crypto assets carries the risk of financial loss. The forecasted data (also called “price prediction”) on this page are subject to change without notice and are not guaranteed to be accurate.

Varuni Trivedi

Varuni has been in the web3 space for half a decade, witnessing the changing dynamics of DLT, Blockchain and Web3. With 8 years of journalistic expertise, she has a keen interest in emerging technology and their impact on society. She has published news and on-chain analysis articles on Nasdaq as well as some of the top web3, crypto news firms. Currently, she heads The Coin Republic as the Editor-In-Chief.

Top 3 Artificial Intelligence (AI) Coins of the Second Week of August 2024

Table of contents

Hooked Protocol, a Web3 gamified social learning platform, has announced a strategic partnership with SFT Protocol, a DePIN platform.

Hooked Protocol is a decentralized Web3 education platform whose aim is to enable the adoption of Web3 technology by offering personalized ‘Learn’ and ‘Earn’ products. On the other hand, SFT Protocol is a decentralized blockchain powering DePIN, designed to connect physical infrastructure (like edge CDN, computing, and storage) to the Web3 landscape.

The collaboration between the two firms represents a paramount move to expand the mainstream adoption of Web3.

Hooked deploys DePIN-enabled education solutions This partnership means that Hooked Protocol has integrated its gamified social learning network with SFT Protocol’s DePIN infrastructure.

Hooked Protocol is leveraging SFT’s strong, decentralized tech architecture to improve user learning experiences. It distributed its rapidly growing, more reliable educational materials and gamified components (like computations and data) across SFT’s DePIN infrastructure.

With this integration, Hooked’s audience, already more than 10 million users, can access advanced learning without experiencing bottlenecks associated with centralized networks, as SFT offers scalable underlying infrastructure.

The ‘Hooked Alumni System’ now offers practical Web3 applications driven by SFT’s DePIN. This enables users to rise above theoretical learning and engage with practice experience, powered by SFT’s data delivery, computing, and decentralized storage.  

For illustration purposes to understand how this alliance works, learners upload their multimedia projects to Hooked Protocol’s social learning platform. Instead of relying on slow, centralized servers, their files are automatically split into encrypted pieces and stored across a system of connected devices (decentralized storage) powered by SFT’s DePIN.

This DePIN infrastructure reassembles and delivers the pieces across connected available nodes (data delivery), allowing other learners to access the projects instantly. Real-time interactions or complicated simulations within the project are managed by distributed computing, leveraging spare processing power from users across the network, ensuring a sustainable, secure, and fast learning environment.

Bringing Real-World Applications to Web3 The collaboration between Hooked Protocol and SFT Protocol is crucial for Web3’s efficiency. First, the alliance aims to close the bridge between the physical world and the digital landscape. SFT Protocol’s DePIN abilities are paramount for introducing real-world applications into the decentralized world. This partnership directly resolves one of Web3’s biggest obstacles: linking digital assets with practical, physical applications.

Secondly, Hooked Protocol’s expertise in gamified social learning and its huge audience provide a crucial gateway for the mass adoption of Web3. By collaborating with SFT, they can provide a stronger and more decentralized experience, making Web3 less dependent on centralized constraints and more accessible.

Lastly, the alliance promotes a mutually beneficial relationship where Hooked enables users to learn about Web3. On the other hand, STF offers an underlying tech architecture that allows users to practically apply these learnings through real-world applications. This establishes a high-powered feedback network, enticing more people to learn about Web3 and proactively engage in the decentralized world. 

AUTHOR

Nicholas Otieno is a fintech writer specializing in cryptocurrency markets. Since 2019, he has written articles to educate readers about cryptocurrency and its substantial positive impact on global prosperity. Nicholas is a Bitcoin holder, believing firmly in its fundamentals. His work has been featured in publications such as Finance Magnates, Blockchain.News, Bitcoin Magazine, Coincub, and among others. When he's not writing, Nicholas enjoys performing domestic tasks, spending time with friends, listening to music, and watching football.

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Gelato Network, renowned for its roll-up as a service platform within the Web3 space, has announced a significant milestone with the launch of the Lisk L2 Developer Mainnet. This development marks a pivotal moment for Gelato, as it continues to broaden its scope and enhance its offerings in the decentralized ecosystem. 

The Lisk L2 Developer Mainnet is not just another layer; it’s part of Gelato’s strategic initiative to integrate more deeply with the Optimism network, heralding a new era of interoperability and efficiency in blockchain technology.

Driving Innovation and Interoperability in Web3 During the initial Devnet phase, Gelato facilitated the deployment of essential infrastructure components such as bridges, decentralized exchanges (DEXs), and applications in preparation for the public mainnet launch. This phase was critical in ensuring that Lisk L2 could seamlessly integrate into the Optimism collective known as the Superchain. 

This integration is aimed at enhancing sequencer revenue and contributing to a unified network of rollups that promise to revolutionize the way developers and applications interact across the blockchain.

The transition of Lisk Devnet to become the first Layer 1 blockchain migrating to Optimism’s network underscores a significant advancement in the blockchain domain. This move leverages Optimism’s OP Stack, which is designed to foster a unifying framework for rollups, enhancing communication, security, and governance across the network. 

The Superchain, which now includes Lisk among its 13+ chain integrations, supports asset bridging without fragmentation, shared governance under the OP Collective, and a robust security model that benefits all participating chains.

Moreover, the Gelato network has expanded its ecosystem to include over 17 infrastructure providers, enriching the chain’s environment with diverse services. These providers range from Web3 functionalities like Across Fi for bridging, RedStone oracles for reliable data feeds, to user interface solutions such as Protofire Safe UI and comprehensive analytics from Goldskyio indexers. 

Lisk L2 ⛓️ Developer Mainnet is LIVE On 🟠 Gelato

During the @LiskHQ Devnet phase, bridges, DEXs, & Apps deploy in preparation for the public mainnet launch

In this phase, Lisk L2 joins the Superchain by contributing sequencer revenue towards the @optimism collective ↓ pic.twitter.com/QHKoUE69jU

— Gelato (@gelatonetwork) June 6, 2024 This robust infrastructure supports a wide array of applications and developers, including notable entities like Velodrome, Thirdweb, and the Secret Network, enhancing the developer experience (DevEx) through improved interoperability and feature-rich capabilities.

The growth metrics from Lisk’s Q1 performance further illustrate the impact of these developments. Since the testnet’s inception, over 32,000 wallets have been created, facilitating more than 10,000 contracts and driving daily transactions to exceed 43,000. In total, the testnet has processed over 6.3 million transactions, a testament to the platform’s scalability and the robust demand for its services.

Gelato’s integration with the Optimism collective and the consequent launch of the Lisk L2 Developer Mainnet are not merely technical upgrades but are pivotal in shaping the future landscape of decentralized finance (DeFi) and decentralized applications (dApps). 

By enabling seamless cross-chain functionality and fostering a collaborative environment under the OP Collective governance, Gelato is setting new standards in the blockchain space, driving innovation, and simplifying the complexities of decentralized networks.

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Mysterious crypto writer with expertise in blockchain, offering deep insights that captivate and intrigue readers. With a unique ability to uncover hidden insights and trends, Samuel delivers in-depth analysis and thought-provoking content that keeps readers on the edge of their seats. His writing style is engaging and informative, blending technical knowledge with a sense of intrigue, making complex crypto topics accessible to both newcomers and seasoned industry professionals. Samuel’s work continues to capture the attention of the crypto community, solidifying his reputation as a trusted voice in the space.

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Sonic Labs, the world’s leading robust EVM chain shares to team up with Gelato Network, a rollup-as-a-service platform. Both FinTech firms aim to join forces for the sake of improving the Web3 experience for the users. As per the news shared on X, Gelato is offering a range of Web3 services to the users of Sonic Labs for a fast and smooth user experience.

🚀 Ever wanted to buy tokens in your sleep? Say hello to limit orders on #Sonic and more!

We're proud to introduce our partnership with @GelatoNetwork, available on Sonic at launch!

Gelato brings a suite of Web3 services to Sonic, matching the lightning-fast speed with… pic.twitter.com/Kd2TbiwqUu

— Sonic Labs (@SonicLabs) August 28, 2024 Gelato Brings Suite of Web3 Services to Sonic Labs This collaboration is of great significance as both FinTech firms will inculcate their expertise for a common goal, to enhance the Web3 experience. By joining forces, they’ll leverage the cutting-edge technology of Gelato to match the lightning-fast speed of Sonic. Additionally, Gelato will bring the suite of three advanced services to Sonic Labs.

Gelato Functions: Automation Through this feature, Gelato enables the developers to automate response to on-chain and off-chain events, and smart contracts tasks. Additionally, users can limit DeFi orders to automatically sell or buy cryptocurrencies based on the predefined plan, even when they are asleep.

Gelato Relay: Gasless TXs Secondly, Gelato will ease the developers to build the applications with directly paying the gas fee. Rather, they would be able to cover the gas fee with any ERC-20 digital asset for a smooth experience like Web2.

Gelato VRF: Verified Randomness At last, but not the least, Gelato will facilitate the users with verifiable on-chain randomness to ensure the fair distribution of rewards.

Core Objectives of The Partnership Sonic and Gelato partnership is playing a crucial role in making Web3 accessible and institutive. Both firms are pushing the boundaries based on their expertise. This collaboration is now live on Sonic Labs, inviting the users and developers to explore the potential of Web3 services. This helps the user community rely on their crypto trading decisions to gain the maximum profits and explore the Web3 space.

AUTHOR

Crypto journalist with years of experience providing in-depth analysis and news on blockchain and decentralized finance. With a keen eye for detail, Shahzaib delivers insightful articles that explore the latest trends, market movements, and innovations within the crypto and blockchain ecosystem. His work focuses on educating readers while offering expert commentary on the evolving landscape of digital assets, DeFi protocols, and the broader impact of blockchain technology.

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Gelato, a rollup development platform specializing in smart-contract automation, has successfully raised $11 million in its latest funding round

Gelato, a rollup development platform specializing in smart-contract automation, has successfully raised $11 million in its latest funding round. This funding was led by Hack VC and included participation from Animoca Brands and others.

The latest investment brings Gelato's total funds raised to $23 million. The company plans to utilize this capital to enhance its 'Rollups as a Service' (RaaS) platform, which aims to support a growing number of rollups, including the recently launched Ink by Kraken. Gelato's partnership with Kraken's Ink will focus on building a high-performance Layer 2 solution based on the OP Stack.

This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz.

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