The post A Deep Dive Into The Growing NFT Ecosystem And Some Of The Unique Innovations appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

Non-fungible tokens (NFTs) have skyrocketed in popularity within the past year, eclipsing $23 billion in total volumes over the course of 2021. According to the latest DappRadar report, NFTs have continued with a similar trend this year, with the number of unique traders and sales increasing by 8% and 2%, respectively.  These metrics come as …

Six months ago, I wrote about how the cap tables of crypto companies have approached the structure of web2 startups. Recently, EVMOS, a web3 project, pushed forward an important innovation for the web3 ecosystem. EVMOS enables Ethereum’s virtual machine on the Cosmos chain.

The EVMOS token model innovates on its predecessors by introducing the App Store dynamics to web3. In Apple’s app store, users pay Apple to access apps and developers receive a revenue share. This doesn’t happen today in web3. Except on EVMOS.

When users pay gas fees (transaction fees) to use EVMOS, 50% accrue to developers building applications. The other 50% rewards validators. Governance token holders may vote to change the 50/50 split in the future.

Gas sharing rewards developers for writing popular applications on EVMOS. Developer evangelism underpins healthy L1 chains: without applications, the underlying database of much value, no matter how sophisticated the technology. A stadium without entertainment sells no tickets.

Historically, web3 companies have paid developers fees from their treasuries or dedicated ecosystem funds to build applications atop chains. While this technique may achieve the same results initially, developers may not stick around after the check hits the bank (or the tokens appear in their wallet). The EVMOS model better aligns current and future incentives of the L1 and the developers. In addition, ecosystem development is no longer a series of one-time expenses for the treasury, but an ongoing shared cost.

To make the math work, the EVMOS token model reduces initial community ownership to 10%, which furthers the compressive trend observed late last year.

The EVMOS token model may be one of the most influential innovations in web3 developer relations in a long time. After all, this concept has dominated the mobile app ecosystem and powered Apple and Google’s multi-billion dollar revenue streams from app stores.

Web3 finds itself at a moment where the innovations in infrastructure have outpaced those in applications. To attract the next billion users to web3, the great pendulum of technology progress must swing towards applications. The EVMOS app store model might be the insight to compel tens of thousands more developers to swallow the web3 red pill.

As bond risks grow and contagion appear more likely than ever, every investor needs to consider bitcoin as portfolio insurance.

The post New SFDA Guidance on Innovative Medical Devices appeared first on RegDesk.

With advancements in technology and the right product design, retirement plans can certainly be designed for business owners.

The post Penelope makes retirement plans intuitive for the smallest businesses appeared first on LendIt Fintech News.

Olympus DAO was hit hard by the recent market sell-off, with OHM trading as low as $32 on March 9, down 97.7% from its all-time high of $1,415 set last April.

The post Why Olympus DAO can’t sustain its growth appeared first on CryptoSlate.

The creation of New York’s conditional adult-use retail dispensary license has made headlines. Although New York plans to issue only 50-100 of this new license type, the license type and its underlying rules and regulations is incredibly significant. Why? First, because the OCM and CCB have issued actual rules and regulations that will apply to

The post New York’s Conditional Adult-Use Dispensary License appeared first on Harris Bricken Sliwoski LLP.

The fact that blockchain transactions are always public and immutable means Web3 will upend our expectations of privacy

Daniel Schnapp and Samuel Cohen, from law firm Sheppard Mullin‘s Esports & Games Industry Team, write for Esports Insider to discuss how intellectual property rights work in esports. Global esports revenue surpassed $1 billion and the worldwide esports live streaming audience grew 12.7% year on year to 747 million people in 2021, according to Newzoo. […]

Real-time data infrastructure is enabling a new category of applications that can react to changing data as it happens, touching every part of the data stack. Nnamdi Iregbulem, partner at Lightspeed Venture Partners, explains how in this guest commentary.

Cryptocurrencies have won credit for their role in Ukraine’s war, showing utility that will drive them beyond the battlefield, says Amber Group’s Michael Wu.

Blue Wall, a high-tech Chinese firm dedicated to developing underlying software for the real estate industry, recently announced it has raised 50 million yuan ($7.86 million) in a Series A financing round.