Category: Cryptocurrency

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Founded by serial entrepreneur Naguib Sawiris, MONIIFY aims to empower the next generation of entrepreneurs and investors to make smarter money moves by providing insights and analysis on high-potential regions and sectors, including tech, AI, cryptocurrency, and energy.

DUBAI, UAE, Nov. 20, 2024 /PRNewswire/ — MONIIFY (moniify.com), a digital news platform for Zillennials, founded by businessman and entrepreneur Naguib Sawiris, will launch on November 26, 2024.

Set to become the go-to platform for entrepreneurs, investors and professionals hungry for knowledge, wealth, and financial freedom in the world’s fastest-growing economies, MONIIFY will provide fresh, bold and insightful business and finance news content.

Based in the UAE and with a global outlook, MONIIFY will spotlight emerging markets with a focus on the industries driving the future – from tech and AI to crypto and energy. Covering everything from the GCC’s tech-driven initiatives to the rapid growth in Southeast Asia and India’s dynamic economy, MONIIFY is designed to keep the next generation of leaders ahead of the game.

“Young people today need more than traditional business and finance news. MONIIFY speaks directly to the next generation of entrepreneurs, in their language, on the platforms they want,” says Chairman and renowned businessman, Naguib Sawiris. “Young people always ask me ‘what is the secret to success?’ – that is my motivation for MONIIFY, to be the formula for them to achieve their dreams.”

Dr Yaser Bishr, Advisor to the Chairman, leading the launch of MONIIFY echoes this, “Western media giants view emerging markets through a Western lens. Emerging markets, home to over 4.3 billion people with a median age of 34, have their own unique stories to tell. These markets accounted for 50.1% of global GDP in 2023 and a staggering 66.7% of global GDP growth over the past decade. MONIIFY is here to change the narrative – a platform by Zillennials, for Zillennials..”

Uncover the next big thing from emerging markets first

From daily essential updates on the latest in crypto and tech markets to breaking down investment trends and business opportunities and in-depth conversations with some of the most successful and influential entrepreneurs, MONIIFY will provide exclusive access to the strategies behind success. The platform will feature Zillennial-friendly formats, including short videos, explainers, and deep-dive interviews. A masterclass series will unlock access to the biggest names in business sharing their blueprint for success.. MONIIFY’s newsroom will exclusively cover crypto, markets, tech and wealth in emerging markets, led by an accomplished team of international business journalists.

“We have brought together the best media talent from international markets as well as emerging markets who believe strongly in the MONIIFY movement, and who represent our brand,” says CEO, Michael Peters, former CEO of Euronews.

MONIIFY Creators, brings together trusted voices in financial content, including Eisa AlHabib (UAE), Uptin Saiidi (USA), Anushka Rathod (India), Felicia Putri Tjiasaka (Indonesia), Osamah Essam El-Din (Saudi Arabia), and Sara & Aaron Wee aka The Weeblings (Singapore).

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Ethereum’s (ETH) price continues to dominate discussions in the crypto market as analysts project a potential rally to $10,000. Despite recent fluctuations, Ethereum has maintained its position as a key player in the blockchain ecosystem, offering unique value through its smart contract capabilities and vast decentralized finance (DeFi) ecosystem.

Let’s explore the latest price movements, whale activity, and the technical indicators that suggest Ethereum’s potential for a significant rally.

Ethereum’s Current Market Movements

Recent Price Trends

On Monday, Nov. 18, Ethereum’s price retreated to $3,058, marking an 11% drop from its monthly high of $3,445. This decline indicates a local technical correction as market dynamics shift.

Whale Activity Signals Selling Pressure

Ethereum’s price decline coincides with increased whale activity. Data from LlamaFeed reveals that over $300 million worth of ETH has been moved by whales in the past 24 hours. Notable transactions include:

A transfer of 50,000 ETH (valued at $153 million) to Kraken with a transaction fee of just $12.80.

Another whale moved 15,579 ETH (worth $47.8 million) to Coinbase.

These movements often precede liquidation, signaling potential selling pressure in the short term.

Spot ETF Outflows Impact

Spot ETFs tracking Ethereum experienced outflows for two consecutive days, with $59.8 million in outflows on Friday. This represents a sharp rise from $3.24 million the previous day. While Ethereum ETFs have garnered inflows of $178 million, this pales in comparison to Bitcoin ETFs, which have amassed $27 billion.

Ethereum’s Performance in the DeFi Ecosystem

Ethereum’s decentralized exchange (DEX) volume dropped by 4.7% in the last 24 hours to $850 million, trailing smaller networks like Solana (SOL), which handled $5.92 billion. Other competitors like Base, Binance Smart Chain (BSC), and Arbitrum also posted higher volumes, handling $1.28 billion, $1.27 billion, and $992 million, respectively.

Catalysts for Ethereum’s Bullish Outlook

Analyst Predictions: A Long-Term Rally to $10,000

Despite current headwinds, analysts remain optimistic about Ethereum’s long-term potential. One prominent prediction suggests a 226% rally, projecting Ethereum’s price could reach $10,000.

Key factors supporting this prediction include:

Deflationary Dynamics: Ethereum’s tokenomics have shifted to a deflationary model, particularly after the implementation of EIP-1559, which burns a portion of transaction fees.

Staking Potential in ETFs: With the possibility of Ethereum staking being integrated into ETFs, additional demand for ETH could drive prices upward.

Technical Analysis: Ethereum’s Bullish Indicators

Ethereum’s technical charts reveal promising signs of a potential reversal:

Golden Cross Formation:

Ethereum’s 200-day and 50-day Exponential Moving Averages (EMAs) are on the verge of forming a golden cross pattern. This bullish signal often precedes upward momentum in price trends.

Fibonacci Retracement Support:

Ethereum’s recent sell-off has slowed at the 50% Fibonacci Retracement level, suggesting strong support.

Price Targets:

Analysts highlight $3,447 as an immediate target, with a potential breakout pushing ETH to its year-to-date high of $3,972.

What’s Next for Ethereum?

While short-term challenges like whale activity and ETF outflows create temporary turbulence, Ethereum’s long-term outlook remains strong. Factors like deflationary tokenomics, staking potential, and technical bullish indicators position Ethereum as a key asset for investors.

As blockchain technology evolves, Ethereum’s role in DeFi, NFTs, and other decentralized applications continues to drive demand. Analysts and investors will closely watch ETH’s price movement in the coming weeks, with a possible rebound offering promising opportunities.

Conclusion

Ethereum’s price prediction for a rally to $10,000 reflects the cryptocurrency’s strong fundamentals and growth potential. Despite recent corrections, bullish technical indicators and long-term catalysts like deflationary tokenomics and staking advancements suggest Ethereum is well-positioned for sustained growth.

Investors should remain vigilant, conducting thorough research while monitoring market trends and technical developments. Ethereum (ETH) continues to be a cornerstone of the crypto ecosystem, offering opportunities for both short-term gains and long-term value creation.

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Crypto presales have emerged as a dynamic way for investors to get in on the ground floor of innovative blockchain projects. These presales often offer tokens at reduced prices before they hit the mainstream markets, presenting opportunities for significant returns if the projects gain traction. However, identifying the best crypto presales in 2024 requires thorough research into each project’s potential, team credibility, and market demand.

1. BlockDAG: Redefining Layer-1 Scalability

At the forefront of the best crypto presales of 2024 is BlockDAG, a sophisticated Layer-1 blockchain project revolutionizing transaction speed and security. BlockDAG employs an enhanced Proof-of-Work (PoW) algorithm to achieve unparalleled scalability.

Presale Success: Over $122 million raised with 170,000 unique investors.

Token Advantage: Early participants can acquire BDAG tokens at discounted prices during its 45 presale phases, promising high growth potential.

BlockDAG’s focus on scalability and security places it as a standout choice for forward-thinking crypto investors.

2. SpacePay: Bridging Crypto and Traditional Finance

SpacePay ($SPY) is designed to make crypto transactions in retail settings seamless. By integrating traditional finance systems with digital currencies, SpacePay simplifies everyday crypto usage, aiming to drive widespread adoption.

Its innovative approach positions SpacePay as a game-changer in expanding the utility of cryptocurrencies beyond niche markets.

3. Pepe Unchained: Expanding the Meme Coin Ecosystem

Pepe Unchained ($PEPU) is building on the success of meme coins by offering a Layer-2 blockchain solution. With features like direct bridging between Ethereum and Pepe Chain, Pepe Unchained provides quicker transactions and reduced fees.

Staking Incentives: Investors staking $PEPU tokens can earn significant rewards.

Community Appeal: A must-watch for meme coin enthusiasts seeking next-level functionality.

4. Crypto All-Stars: Unified Staking for Meme Coins

Crypto All-Stars ($STARS) consolidates staking opportunities for various meme coins into a single platform. By integrating multiple tokens, it allows investors to stake popular meme coins and earn rewards from a unified system.

This unique platform caters to the growing demand for diversified staking options, making it a compelling choice for crypto investors.

5. Flockerz: Decentralized Governance with Rewards

Flockerz ($FLOCK) introduces a vote-to-earn system within its decentralized autonomous organization (DAO). Participants in governance can make decisions while earning rewards, emphasizing community-driven development.

DAO Integration: Promotes active involvement in decentralized finance governance.

Reward System: Engages users in shaping the ecosystem while earning.

6. FreeDum Fighters: Political Satire Meets Blockchain

FreeDum Fighters ($DUM) combines political satire with blockchain technology to create a unique multi-chain meme coin. Its stake-and-vote mechanism allows users to earn rewards based on their political choices within the ecosystem.

This blend of humor, interactivity, and blockchain innovation makes FreeDum Fighters a standout presale for those seeking a lighthearted yet engaging investment.

Key Considerations for Investing in Crypto Presales

Navigating the world of crypto presales requires vigilance and research. While the best crypto presales of 2024 offer significant potential, they also carry inherent risks. Here are some tips for evaluating presales:

Thorough Due Diligence: Investigate the project’s whitepaper, roadmap, and objectives.

Evaluate the Team: Look for transparent, credible teams with a history of successful projects.

Market Demand: Assess whether the project addresses a genuine need in the blockchain ecosystem.

Regulatory Awareness: Stay informed about regulations in your jurisdiction to ensure compliance.

Conclusion: Best Crypto Presales

The best crypto presales of 2024, including BlockDAG, SpacePay, and Pepe Unchained, highlight the diverse opportunities within the blockchain ecosystem. From scalability solutions to meme coin innovations and decentralized governance models, these projects showcase the breadth of innovation driving the crypto market.

Investors should approach crypto presales with a mix of optimism and caution, ensuring they thoroughly assess each project’s viability and potential returns. With the right research and strategy, these early-stage opportunities can serve as a gateway to significant growth in the dynamic world of cryptocurrencies.

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Quantoz Payments to receive investment from Fabric Ventures, Kraken and Tether

UTRECHT, The Netherlands, Nov. 18, 2024 /PRNewswire/ — Quantoz Payments B.V. (Quantoz), the Netherlands headquartered payments technology company, is pleased to announce that it will start issuing two stablecoins EURQ and USDQ, designed to be MiCAR Compliant, on Monday 18th November.

EURQ and USDQ are respectively euro and US dollar-referenced E-Money Tokens (EMTs), issued on the Ethereum blockchain by Quantoz, an Electronic Money Institution (EMI) authorised and supervised by De Nederlandsche Bank (DNB), the Dutch Central Bank.

The new EMTs will facilitate euro and US dollar transfers and payments in secondary markets as well as transfers across digital asset and crypto exchanges. Fiat-referencing stablecoins on blockchains can enable digital and decentralised payments that are faster, more transparent, secure and cheaper when compared to existing payment infrastructure.

Bitfinex and Kraken, two of the world’s longest standing and most secure crypto-asset exchanges, plan to be the first to list EURQ and USDQ for trading to eligible clients on Thursday 21st November. 

Arnoud Star Busmann, CEO of Quantoz Payments, said:

“We are thrilled to bring to market truly European-native stablecoins, available on respected venues for European consumers and corporations, issued by a company with its roots in the Netherlands, one of Europe’s leading fintech jurisdictions. The MiCA regulation brings a new level of trust to digital assets markets, not least through its prudential requirements on the issuers of stablecoins. As the world of payments becomes more digital, having well-regulated, transparent and fully backed stablecoins is critical to enabling faster, cheaper and more secure settlement within the world’s largest single market.”

A group of investors including Fabric Ventures, Kraken and Tether are underlining their support for Quantoz by investing in the company.

Anil Hansjee, General Partner at Fabric Ventures, said:

“Europeans speak loudly about MICAR making stablecoin issuance seamless in Europe and whilst there are clearer rules, there are very few players that can pull it off at scale. Think regulatory licenses, tier 1 banking partners with adequate liquidity ratios and balance sheets, blockchain expertise, state of the art and scalable compliance onboarding, on chain transaction monitoring, treasury and risk management, security DNA, let alone an ability to convince major European exchanges to list you and market makers to provide liquidity, as well as dApps to build use cases around you. Quantoz Payments have achieved all this and brought all the right components to the table to succeed. Fabric Ventures are delighted to be participating in this partnership and in an investment thesis that sits firmly at the intersection of our expertise in payments and crypto.”

Mark Greenberg, VP of Product & GM of Consumer at Kraken, said:

“Stablecoins are the backbone of crypto, reshaping the way people connect traditional finance with the decentralized world. We’re pumped to join this investment round and team up with industry partners to push the mission of crypto adoption forward.” 

Paolo Ardoino, CEO of Tether said:

“Our support for Quantoz highlights Tether’s commitment to fostering innovative and regulated solutions within the digital asset landscape. By supporting Quantoz and bringing technology solutions like Hadron by Tether, we reinforce our dedication to expanding reliable, compliant financial tools that empower users and build trust across the digital ecosystem.”

Arnoud Star Busmann, CEO at Quantoz Payments, added:

“Quantoz is an established digital payments technology company in the heart of the European Union and started issuing EURD earlier this year, another euro-backed stablecoin focused on e-money solutions for consumer payment ecosystems as well as treasury management for corporates.

“The support through this investment round from some of the best businesses in digital assets will enable us to provide a timely solution for digital asset markets as well as unlock the benefits of blockchain based money for more traditional use cases. We are excited to be partnering with them on this journey.”

The amount of EURQ and USDQ in circulation is fully backed 1-to-1 by fiat reserves and highly liquid financial instruments such as government bonds. These reserves are managed by an independent foundation, subject to strict DNB oversight and are placed in segregated accounts with Tier 1 banks. In addition to the requirement of maintaining 100% reserves to fully back all circulating assets, Quantoz is also required to hold an additional 2% on its own balance sheet as part of its obligations under MiCAR.

About Quantoz Payments

Founded in 2015, Quantoz N.V. is a financial technology company. Its subsidiary, Quantoz Payments, was founded in 2021 and issues USDQ, a US dollar backed E-Money Token (EMT) and two euro-backed EMTs, EURQ and EURD, within the European Economic Area. These EMTs facilitate fast, cheap, transparent and secure blockchain technology based payments.

Incorporated in the Netherlands, the Company holds an Electronic Money Institution (EMI) license from the Dutch supervisory authority, the Dutch Central Bank. The funds received in exchange for the e-money tokens are held by Stichting Quantoz, a bankruptcy remote entity, which ensures that these funds are safeguarded following the requirements of MiCAR. The e-money tokens in circulation are fully backed 1-to-1 with fiat and highly liquid financial instruments. In addition, the Company is required to hold at least an additional 2% of reserves on its balance sheet. Quantoz Payments and Stichting Quantoz are subject to prudential supervision by DNB.

W: https://quantozpay.com/
L: https://www.linkedin.com/company/quantoz/
X: https://x.com/Quantoz

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Bitcoin (BTC) is on the brink of a historic milestone, with market analysts projecting that its price could surpass $100,000 before the end of November. The cryptocurrency recently reached a record high of $90,000, bolstered by improving market sentiment and a pro-crypto policy environment expected under President-elect Donald Trump.

Record-Breaking Month for Bitcoin

Historically, November has been Bitcoin’s strongest month in terms of price performance, and 2024 appears to be no exception. Bitcoin’s price surged to $90,000 on Nov. 13, marking a 100% year-to-date rally. According to Ryan Lee, chief analyst at Bitget Research, this bullish trend is driven by growing investor demand and historical chart patterns.

“If history repeats itself, a 14.7% increase from the current price level will push Bitcoin beyond the $100,000 mark,” said Lee. This optimism is supported by increasing confidence in the cryptocurrency’s role as a hedge against traditional financial uncertainties.

Trump’s Crypto-Friendly Policies

Adding to the momentum, President-elect Trump is reportedly considering a crypto-friendly candidate for chairing the Commodity Futures Trading Commission (CFTC). Summer Mersinger, a current CFTC commissioner known for advocating a pro-crypto approach, is among those being considered.

The CFTC is a key regulator of cryptocurrency markets in the U.S., and Mersinger’s potential appointment could create a more favorable environment for digital assets. Trump’s support for crypto innovation and his administration’s potential policies may encourage broader adoption of cryptocurrencies like Bitcoin.

Institutional Adoption Drives Market Confidence

Bitcoin’s rally is further supported by the growing interest of institutional investors. According to a report by Swiss crypto bank Sygnum, a significant number of institutions plan to increase their long-term allocations to cryptocurrencies.

The approval and launch of U.S. Bitcoin Spot ETFs have been pivotal in driving institutional adoption. Martin Burgherr, Sygnum’s chief clients officer, noted that clearer global regulations and the availability of ETFs are fueling positive sentiment among major investors.

“Bitcoin is no longer just a speculative asset,” said Burgherr. “It is increasingly being recognized as a legitimate and valuable part of diversified investment portfolios.”

Bitcoin’s Appeal Amid Economic Uncertainty

The broader economic environment has also played a role in Bitcoin’s surge. As traditional markets face ongoing challenges, cryptocurrencies like Bitcoin are emerging as preferred “risk-on” assets for investors seeking higher returns.

Bitcoin’s decentralized nature and its potential to serve as a hedge against inflation continue to attract retail and institutional investors alike. The ongoing digital transformation and increasing use cases for blockchain technology further solidify Bitcoin’s position in the global financial ecosystem.

Challenges Ahead

Despite the optimism, some market watchers caution against overexuberance. Bitcoin remains a highly volatile asset, and rapid price increases often lead to significant corrections. Analysts suggest that while the $100,000 target is achievable, investors should exercise caution and consider long-term strategies when entering the market.

Future of Bitcoin Under Trump Administration

As the Trump administration prepares to take office, the potential appointment of a crypto-friendly CFTC chair could pave the way for a more robust cryptocurrency market. Coupled with increased institutional interest and technological advancements, Bitcoin is well-positioned for continued growth.

However, regulatory clarity will remain a critical factor. Market participants will closely monitor how the new administration navigates the balance between innovation and oversight in the rapidly evolving cryptocurrency landscape.

Conclusion

Bitcoin’s unprecedented rally to $90,000 has set the stage for what could be its most significant milestone yet: crossing the $100,000 mark. With favorable market conditions, increasing institutional adoption, and the possibility of pro-crypto policies under the Trump administration, Bitcoin’s future looks bright.

For investors, Bitcoin represents a unique opportunity to participate in a transformative financial revolution. However, navigating this dynamic market requires a balanced approach, considering both its immense potential and inherent risks.

As November unfolds, the world will watch closely to see if Bitcoin can achieve its long-anticipated $100,000 milestone, further cementing its status as a leading digital asset.

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Dogecoin (DOGE), the meme cryptocurrency famously associated with Elon Musk, experienced a dramatic surge in value after President-elect Donald Trump announced the creation of a new executive department focused on government efficiency. Dubbed the “Department of Government Efficiency” (DOGE), the initiative sparked excitement not only in political circles but also in the cryptocurrency market, driving Dogecoin’s price higher.

The Trump-Musk Partnership: What It Means for DOGE

In a surprising announcement, Trump appointed Elon Musk and Vivek Ramaswamy to lead the DOGE initiative. Their mission? To restructure government agencies, reduce waste, and streamline operations. Musk, known for his entrepreneurial approach, called the initiative a “game-changer” and pledged to deliver measurable results by July 4, 2026.

Trump’s vision for DOGE aligns with Republican goals of cutting regulation and bureaucracy. With Musk and Ramaswamy at the helm, the department promises to bring innovation and efficiency to government operations, aiming to make the U.S. government leaner and more effective.

Dogecoin’s Market Reaction

Dogecoin’s value skyrocketed following the announcement, trading at approximately $0.40 by Wednesday afternoon, according to CoinMarketCap. The cryptocurrency, initially created in 2013 as a parody of Bitcoin, has grown into one of the most popular and widely held digital currencies.

Elon Musk’s influence on Dogecoin is well-documented. The Tesla (NASDAQ:TSLA) and SpaceX CEO has often expressed his support for the meme coin, referring to it as his favorite cryptocurrency. Musk’s active promotion of DOGE on social media platforms, including X (formerly Twitter), has consistently driven market activity.

Musk’s Crypto Influence

Musk’s impact on Dogecoin cannot be overstated. Following Trump’s announcement, Musk took to X to share memes and AI-generated images of Dogecoin’s Shiba Inu mascot, further fueling investor interest.

Musk also hinted at plans to launch merchandise tied to both the new government department and the cryptocurrency. If these plans materialize, they could further integrate Dogecoin into mainstream commerce, enhancing its utility and market appeal.

Dogecoin Market Trends: Insights and Implications

The market capitalization of Dogecoin surged to nearly $58 billion after the announcement. This growth highlights the cryptocurrency’s resilience and its ability to capitalize on news-driven momentum.

Dogecoin’s appeal lies in its accessibility and the strong community that supports it. While initially created as a joke, DOGE has become a serious contender in the cryptocurrency market, often outperforming traditional coins during periods of high social media activity.

Trump’s association with the cryptocurrency, even indirectly, could lend Dogecoin an unprecedented level of legitimacy. By aligning DOGE with a government initiative, the announcement may encourage new adoption and elevate the meme coin’s status as more than just a speculative asset.

What’s Next for Dogecoin and DOGE?

The success of Dogecoin’s recent surge depends on several factors:

Sustained Promotion: Musk’s ongoing support and potential integration into the DOGE department could maintain investor interest.

Broader Adoption: If DOGE-themed merchandise and government-backed initiatives emerge, Dogecoin may see increased utility and acceptance.

Market Volatility: As with all cryptocurrencies, Dogecoin remains subject to rapid price fluctuations, requiring cautious optimism from investors.

Conclusion

Dogecoin’s latest rally underscores the cryptocurrency’s unique ability to thrive in unconventional circumstances. With Trump and Musk steering the narrative, DOGE has captured global attention, demonstrating its potential as a dynamic market force.

As Dogecoin continues to gain traction, its evolution from a meme to a legitimate cryptocurrency remains one of the most intriguing stories in the digital currency space. For investors, this latest surge presents both opportunities and challenges in navigating the ever-changing landscape of cryptocurrency markets.

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• DIN Launches as an AVS at Devcon Bangkok 2024
• 50+ partners offering connectivity to 12+ networks are already handling 100 million requests daily
• New din.build website and DIN whitepaper now available

FORT WORTH, Texas, Nov. 14, 2024 /PRNewswire/ — A year after announcing its initial list of providers building the public infrastructure for an improved internet, Consensys and Infura’s Decentralized Infrastructure Network (DIN) is now handling requests across a dozen blockchain networks. Today at the 2024 Devcon conference in Bangkok, DIN unveiled its plan to also launch as an EigenLayer AVS, marking a new chapter for connectivity and broader access to web3 across multiple blockchain networks.

DIN is a decentralized web3 API marketplace making web3 more accessible, reliable and efficient while providing a powerful new way for developers to connect to Ethereum and other top-tier blockchains. In 2024, new networks that have been decentralized by DIN include Blast L2, Mantle, Starknet, ZKsync, BNB Smart Chain (BSC), opBNB, and Scroll, providing developers new opportunities to build and scale their applications with significant infrastructure support.

Launching DIN as an AVS through EigenLayer will allow web3 builders and operators to tap into the security guarantee of staked ETH and the intersubjective nature of EIGEN to run a wide array of services. By harnessing the power of restaking and supporting infrastructure, DIN can further expand its decentralized infrastructure offerings to foster a more robust and resilient Ethereum ecosystem.

Less than a year after launching in its initial federated phase, over 40 of the 50 providers in DIN have been tested and over a quarter are serving traffic. This progress reflects the pioneering network’s progressive shift towards decentralization and its expansion into a permissionless marketplace and service discovery layer for web3, simplifying the launch of new services across additional web3 gateways.

“This is an important step in DIN building on-chain,” said Tom Hay, head of product for Infura DIN. “By leaning on Ethereum‘s economic security through EigenLayer, we continue to build on DIN’s steady progress creating a web3 permissionless marketplace for infrastructure services.”

DIN’s progress is a significant milestone in Consensys and Infura’s ongoing efforts to foster decentralized internet infrastructure. 

“Consensys has been a pioneer in building crypto user experiences, dev tooling and infrastructure, and has played an instrumental role in growing Ethereum,” says Sreeram Kannan, founder of EigenLayer. “We are delighted that Consensys and Infura are joining the EigenLayer ecosystem to enable Decentralized Infrastructure Network (DIN), the leading web3 rpc marketplace, to leverage Ethereum‘s economic security using EigenLayer. Building DIN as an EigenLayer AVS enables permissionless infrastructure provision, thus scaling the marketplace while simultaneously increasing reliability and reducing costs – another step forward in our mission of driving open innovation”

Why DIN Matters

The cooperative and competitive dynamics among DIN Providers drive down development costs and improve access to decentralized Web3 gateways. Taking a decentralized approach offers developers greater connectivity to emerging blockchain networks at a lower cost with increased reliability. DIN allows web3 gateway providers to simultaneously compete and cooperate, which means ultimately everyone wins, including users.
DIN providers collaborate on key components like router, node infrastructure kits, and payments, scaling decentralized RPC solutions for builders. Simultaneously, DIN provides a vital new solution for emerging blockchain networks looking to scale. 

To learn more or plug in to DIN right away, read the new DIN whitepaper at din.build. 

About Consensys 

Consensys is the leading blockchain and web3 software company. Since 2014, Consensys has been at the forefront of innovation, pioneering technological developments within the web3 ecosystem. Through our product suite, including the MetaMask platform, Infura, Linea, Diligence, and our NFT toolkit Phosphor, we have become the trusted collaborator for users, creators, and developers on their path to build and belong in the world they want to see. Whether building a dapp, an NFT collection, a portfolio, or a better future, the instinct to build is universal. Consensys inspires and champions the builder instinct in everyone by making web3 universally easy to use and develop on. To explore our products and solutions, visit https://consensys.io/.

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