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Zora Airdrop Scandal: From "For Fun" to Loss of Trust
2025-05-16 19:45:03| Spiritual Career Counseling
Zora once hailed as a promising NFT infrastructure platform, has come under fire following the launch of its ZORA token airdrop. Rather than being celebrated, the event quickly drew widespread criticism due to its controversial tokenomics, unclear utility, and an execution process that many users described as poorly managed.Lack of Utility, Lack of Trust in a For Fun TokenZORA has been described as a token with no clearly defined benefits for holders. The project openly stated that the token carries no governance rights, no equity representation, and plays no essential role in the operation of the platform. On its official channels, Zora even emphasized that the update was a for fun release a nontraditional approach designed to spark attention.However, in an environment where users increasingly expect transparent token distribution, tangible utility, and alignment with decentralized values, Zoras positioning has backfired. Rather than being viewed as a creative experiment, the...
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Ethereum Price Forecast: Whales increase buying pressure as developers set April 30 for Pectra mainnet upgrade
2025-05-16 07:45:03| Spiritual Career Counseling
FXStreetUpdated Reviewed byMitradeSource: DepositPhotosEthereum developers tentatively scheduled the Pectra mainnet upgrade for April 30 in the latest ACDC call.Whales have stepped up their buying pressure in hopes of a price uptick upon Pectra going live on mainnet.ETH could face strong bearish pressure if its technical indicators confirm a breakdown signal.Ethereum (ETH) has seen immense buying from whales on Thursday following core developers fixing April 30 as a tentative date for the Pectra upgrade to go live on mainnet.Ethereum whales increase buying pressure ahead of Pectra mainnet upgradeIn its latest All Core Developers Consensus (ACDC)call, Ethereum developers tentatively scheduled April 30 for the Pectra mainnet upgrade.The Pectra upgrade successfully went live on the new Hoodi testnet (or test network) on Wednesday. However, developers are still observing potential issues, considering the hiccups seen in the Holesky and Sepolia testnets after a similar upgrade.If April 30 i...
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Employment
Next-gen interoperability arrives for Cosmos and Ethereum
2025-05-16 07:45:03| Spiritual Career Counseling
Next-gen interoperability arrives for Cosmos and Ethereum Christina Comben 4 hours ago 2 min read News Cosmos Ethereum Technology Cosmos' IBC Eureka achieved a significant milestone with the first transaction between Cosmos Hub and Ethereum, demonstrating the protocol's ability to connect independent blockchains natively. Christina Comben Mar. 31, 2025 at 1:35 am UTC 2 min readUpdated: Mar. 31, 2025 at 1:35 am UTC Share Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content. The Cosmos ecosystem is set to transform blockchain interoperability with IBC Eureka, the upgrade to its Inter-Blockchain Communication (IBC) protocol. The first transaction between Cosmos Hub (ATOM) and Ethereum was successfully made on Friday, March 28, with potential implications for the user and developer experience in web3.Magnas Mareneck, co-CEO at the newly-formed Interchain Labs, commented:EUREKA! Cosmos Hub MAINNET has now sent its first li...
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Employment