Verida Recognized as Finalist in Finder Innovation Awards for Decentralized Data Storage

Tuesday, October 29, 2024 12:00 AM
18
Verida Recognized as Finalist in Finder Innovation Awards for Decentralized Data Storage cover

Verida has been recognized as a finalist in the Digital Assets & Web3 Innovation category of the 2024 Finder Innovation Awards, highlighting its groundbreaking efforts in decentralized data storage. The Finder Innovation Awards aim to honor brands and organizations that enhance user experiences, and Verida’s focus on privacy and data protection aligns perfectly with the core values of the cryptocurrency and Web3 sectors. By offering private, encrypted data storage that complies with regulations like GDPR and CCPA, Verida empowers users to manage sensitive information without exposing personally identifiable information on the blockchain.

As artificial intelligence continues to evolve, concerns about the misuse of sensitive user data are growing. Verida addresses these issues by allowing users to withdraw their private data from major online platforms, thereby preventing it from being utilized in AI training models. This innovative approach enables users to create and control their own ‘digital twins’, ensuring that they can manage what data is shared with AI systems. Furthermore, Verida’s global, region-aware design provides users with the flexibility to choose their data storage locations, making it a scalable solution for the Web3 market both locally and internationally.

In addition to its data storage capabilities, Verida has launched the Verida Wallet, the first mobile crypto wallet to incorporate Polygon ID zero-knowledge credentials. This wallet supports multiple networks, including Polygon, Ethereum, and NEAR, allowing users to manage and trade cryptocurrencies and NFTs seamlessly from their mobile devices. With over 80,000 digital identities created across its testnet and mainnet, Verida demonstrates a strong demand for enhanced control over private data in the crypto space. Its commitment to a privacy-first approach in digital wallets positions Verida as a leading innovator in the Web3 landscape.

Related News

Arkreen and GEODNET Partner for Sustainable Green DePIN Initiative cover
2 days ago
Arkreen and GEODNET Partner for Sustainable Green DePIN Initiative
Arkreen, a Web3-powered infrastructure company focused on renewable energy and carbon reduction, has announced a strategic partnership with GEODNET, a leader in Earth observation and operator of the largest Real-Time Kinematics (RTK) network globally. This collaboration falls under the "Plug for Green Program" (PGP) and aims to enhance carbon neutrality within Decentralized Physical Infrastructure Networks (DePIN). Together, they are paving the way for a sustainable future by leveraging innovative technologies to address energy consumption and carbon emissions in the mining sector. The partnership introduces a novel approach to monitor energy consumption and offset carbon emissions through the integration of GEODNET's satellite miners and Arkreen's Smart Plugs. By utilizing Arkreen's tokenized Renewable Energy Certificates (RECs), users can now directly offset their carbon emissions from brown energy consumption on-chain. This initiative not only promotes a greener mining process but also unlocks new opportunities for participants to engage in environmentally responsible practices while benefiting from dual-mining rewards. As a key player in global Earth observation, GEODNET enhances the capabilities of autonomous systems with its advanced RTK network, which offers significant improvements in positional accuracy. Through the Plug for Green Program, Arkreen equips GEODNET with real-time energy monitoring and innovative green incentives, encouraging the community to adopt carbon-neutral practices. This partnership exemplifies the potential of Green DePIN initiatives, empowering participants to contribute to global sustainability efforts while reaping the rewards of eco-friendly mining.
4EVERLAND Bi-Weekly Report: Key Developments and Future Outlook cover
2 days ago
4EVERLAND Bi-Weekly Report: Key Developments and Future Outlook
In the latest edition of the 4EVERLAND Bi-Weekly Report, the project has showcased significant advancements and user engagement strategies over the past two weeks. Notable developments include the successful launch of the Points Withdrawal feature and a joint promotional campaign with OKX Wallet, which aims to enhance user interaction across platforms. Additionally, the project is actively working on the 4EVER Key Stake functionality and has introduced a new account section in Boost for a more personalized user experience. The integration of new AI RPC models, including OpenAI's GPT-4o-mini and Google's Gemini Flash 1.5, further exemplifies 4EVERLAND's commitment to leveraging advanced technology in its offerings. Strategic partnerships have also played a crucial role in 4EVERLAND's growth. Collaborations with InfinityGround, CodexField, and PiggyPiggy are set to provide users with exclusive airdrop rewards and decentralized hosting services. The project encourages user participation through various activities, such as depositing LAND for Points rewards and engaging in the 4EVER Boost Campaign, which offers a chance to earn $4EVER points through storage and network engagement. The community's involvement is highlighted through user-generated articles that enhance understanding and interaction with the platform. Looking ahead, 4EVERLAND is focused on technical upgrades, ecosystem expansion, and community engagement. The project has seen impressive user growth, with over 200,815 new users and a total of 151,164 transactions recorded in the last fortnight. As 4EVERLAND continues to refine its technical architecture and collaborate with more projects, it aims to strengthen its position in the blockchain space and foster a vibrant community. The future looks promising as they prepare for upcoming developments and user-centric initiatives.
Rollblock ($RBLK) Emerges as a Promising Investment Amid Crypto Volatility cover
2 days ago
Rollblock ($RBLK) Emerges as a Promising Investment Amid Crypto Volatility
The cryptocurrency market has recently experienced significant volatility, particularly with assets like Pepe and Bittensor showing dramatic price fluctuations. Investors are increasingly turning their attention to Rollblock ($RBLK), a Web3 casino platform that promises more stable and bullish price action. With the potential for remarkable gains, many believe that Rollblock could achieve 100x returns in this market cycle, making it an attractive opportunity for crypto enthusiasts. Pepe ($PEPE) has made headlines with a notable bounce, increasing its value by 12.2% to reach $0.0000092. This surge has been accompanied by a substantial rise in trading volume, with over 1.3 billion Pepe tokens exchanged in just 24 hours—a staggering increase of 123%. Notably, a whale transaction of over $5 million worth of Pepe has sparked interest, suggesting that if this momentum continues, Pepe could approach its yearly highs soon. Similarly, Bittensor ($TAO) has experienced an 18% increase, recovering from a dip and solidifying its position within the top 25 cryptocurrencies by market cap. Rollblock ($RBLK) is making waves as it continues to achieve all-time highs, recently hitting $0.033. This early-stage casino startup has attracted 20,000 investors who have collectively contributed $4.9 million, drawn by the promise of trust and transparency in the $450 billion online gaming industry. With all transactions recorded on the Ethereum blockchain, Rollblock ensures no manipulation of bets and instant verification. The platform currently offers over 7,000 casino games, with payouts made in the native RBLK token. The tokenomics of RBLK, including buybacks and staking rewards, position it as a potential blue-chip asset in the crypto space, making it a compelling option for investors looking to capitalize on the ongoing presale.
Bistroo's October 2024 Update: Sales Growth and New Features cover
2 days ago
Bistroo's October 2024 Update: Sales Growth and New Features
In October 2024, Bistroo has made remarkable progress in enhancing its sales pipeline and marketing efforts, as detailed in the latest update for token holders and the broader community. The company launched several projects aimed at improving the sales funnel, resulting in a staggering 234% year-on-year increase in first-time users, with 7,224 new orders placed. Additionally, 3,186 new user accounts were created, marking a 199% increase compared to the same month last year. The number of new merchants going live also saw a significant rise, with 39 new merchants compared to 25 in October 2023, alongside 75 new appointments scheduled, reflecting the company's commitment to expanding its reach as the holiday season approaches. On the marketing front, Bistroo has focused on growth through partnerships and community engagement, celebrating its 5th anniversary in September. The company has made significant strides in search engine optimization (SEO) efforts, particularly with its Pages product, which allows merchants to create whitelabel websites. This initiative aims to drive more search traffic to these pages, enhancing visibility and engagement. Furthermore, Bistroo has improved its Google My Business support, providing merchants with an additional channel to connect with their audience directly. Two strategic crypto partnerships are also in the pipeline, set to be announced soon. In terms of development, Bistroo has rolled out multiple updates to enhance user experience. A notable feature introduced is the 'as soon as possible' expiration setting for orders, which automatically closes unconfirmed orders after two hours. This update aims to streamline operations for merchants and improve order management. Other enhancements include adjustments to notification settings, quality of life improvements for security, and bug fixes for the revenue system. With these developments, Bistroo continues to empower restaurants through its SaaS infrastructure, leveraging the BIST Token to facilitate lower fees and instant payouts for online orders.
Top Trending Cryptos: Drift, Notcoin, and Grass Make Waves cover
2 days ago
Top Trending Cryptos: Drift, Notcoin, and Grass Make Waves
In the ever-evolving landscape of cryptocurrencies, today's top trending altcoins include Drift (DRIFT), Notcoin (NOT), and Grass (GRASS). Drift, the governance token of the Solana-based decentralized exchange Drift Protocol, is gaining traction following its recent listing on the South Korean exchange Upbit. The listing, which pairs DRIFT with Bitcoin (BTC), USDT, and the Korean Won (KRW), has led to a staggering 500% surge in trading volume and an 88% increase in price, currently sitting at $0.95. However, technical indicators suggest that DRIFT may be overbought, with a Relative Strength Index (RSI) reading of 77.05, indicating potential for a price retracement to $0.70 unless buying pressure continues to push it higher. On the other hand, Notcoin (NOT) has not fared as well, experiencing a 16.69% decline in the last 24 hours, bringing its price down to $0.0063. Despite this downturn, Notcoin has formed a falling wedge pattern on the daily chart, which is typically a bullish reversal signal. If the price can hold above $0.0060, there is potential for a rebound towards $0.013. However, a drop below this level could see it fall further to $0.0056, indicating a precarious position for investors. Grass (GRASS) continues to impress, having appeared on the trending list consistently over the past week. The token, associated with the Decentralized Physical Infrastructure Network (DePIN) project, has surged by 31.81% in the last 24 hours, making it one of the top performers among the top 100 cryptocurrencies. With a positive Moving Average Convergence Divergence (MACD) reading, there is optimism that GRASS could climb above $3.33. However, profit-taking by holders could lead to a decline below $2.50, highlighting the volatility inherent in the crypto market.
MapMetrics Unveils Exciting Updates for Android and iOS Platforms cover
2 days ago
MapMetrics Unveils Exciting Updates for Android and iOS Platforms
In a recent development report, the MapMetrics team has shared exciting updates for both Android and iOS platforms, aimed at enhancing user experience and interactivity. Although these features are still in development, they reflect the team's commitment to addressing user feedback and improving the app's overall functionality. Key updates include a redesigned wallet interface and a new Invite Friend feature for Android users, both of which are set to streamline navigation and community growth. Additionally, the Android team has implemented various user feedback suggestions to fine-tune the app's usability, ensuring a more responsive experience for its users. On the iOS side, the development team is working on several major updates that promise to enhance navigation and user interaction. Notably, the introduction of landscape mode will cater to users who prefer a wider viewing experience. Furthermore, an Activity Tracking permissions screen is being added to the onboarding process, allowing new users to understand and set up tracking features easily. Other updates include online search functionality for real-time location assistance and a revamped Invite Friend feature, designed to simplify sharing the app with others. These improvements are all aimed at creating a more intuitive and user-friendly experience for iOS users. The importance of these updates cannot be overstated, as they reflect MapMetrics' dedication to evolving alongside user needs. By focusing on user feedback and implementing meaningful changes, the team is crafting a navigation tool that is not only reliable but also engaging. As the rollout of these features approaches, users can look forward to a more interactive and responsive app experience. The MapMetrics team encourages users to stay tuned for future updates and appreciates the ongoing support and feedback from the community, which plays a crucial role in the app's continuous improvement.