Backed by Giants, Swash Wants You to Reclaim the Web

The value and impact of data are clear. People are aware of how expensive data is and the value it brings to the world’s most valuable companies. Increasing regulations have begun to push towards a more ethical, transparent system due to increasing privacy concerns and prominent data scandals, but alternatives are needed for a future driven by data. Swash is pioneering a new way of doing data by bringing control and data monetization to the masses through what can be understood as a Universal Data Income.

With Web 3.0 gaining ground, data is the new currency as anyone who has control over useful data can make a fortune by putting it to good, or even bad use. As the world goes increasingly digital, people are now genuinely concerned about safeguarding their data. In the current scenario, if one can exert control over their personal information and data generated by their day-to-day activities, they will not only decide on who can access it but also derive monetary benefits out of it.

The importance of user-generated data is not lost to the world, as many controversies in recent days have made people aware of the extent many online businesses go to plump up their balance sheets. When one speaks about such scandals involving gross misuse of user data by violating the users’ trust, the Cambridge Analytica- Facebook fiasco comes to mind. But again, what is the alternative to social platforms and online services like Facebook, Google and other big tech companies who gather user data by luring users on the pretext of free-to-use services. After all, there is no such thing as free lunch. And in this case, users are paying for these services by giving away valuable personal information including their most private moments for free to online platforms.

Data Monetization for the Masses

Swash is an ecosystem of tools and services that enable people to unlock the value of data by pooling, securely sharing, and earning while retaining privacy. The core idea behind Swash is that of “Data Unions” – organized structures that optimize individual agency as a collective force by rewarding union members for the value of their data. Inspired by their vision to make easy data monetization possible, the Swash team built the first real Data Union back in 2019 as an experiment. It has since grown into one of the largest dApps with over 60,000 installs, making it the largest Data Union in existence.

It was recently announced that Swash raised $7 million in a funding round, led by the popular cryptocurrency exchange KuCoin, early-stage accelerator Outlier Ventures and decentralized real-time data platform Streamr. Outlier Ventures’ portfolio boasts big names, such as Brave, Chainlink, Ocean Protocol and Fetch.ai, and Swash partnered with them in summer 2020. Streamr’s technology enables the creation of Data Unions and Swash utilizes the network as the integration layer and the Streamr marketplace will be where Swash stream data is sold. Streamr Founder, Henri Pihkala, is also on the Swash advisory board.

Swash also partnered with Ocean Protocol as a Day 1 Data Launch Partner of the Ocean Market, which enables users to add liquidity to pools, and to buy, sell, or publish data. Swash received from Ocean a funding grant plus marketing and product development support, and Bruce Pon, Ocean Protocol Founder, is now an advisor to the team. For more, the Swash team recently published in a blog an impressive list of all-star backers.

The Swash Ecosystem and Native Token – SWASH

As Swash will grow, the solutions built onto the technology will give rise to a vast community of collaborators and new innovations. Its First Wave Solutions can provide an indication of what is possible. These include Data Union – organizing individuals as a collective force so people can earn for activities they already do online — like surfing the web. sIntelligence – a unique business intelligence platform using aggregated Swash data to show companies their key metrics via a web-based platform. sApps – making it possible to communicate directly with users to get to know them better and provide another value stream, such as by viewing ads or answering questions or polls. sCompute – making it possible for data scientists to perform computations on data without needing to purchase it while the data itself remains private and isn’t sold or moved.

To benefit from Swash today, all one has to do is install a plugin and continue browsing, just like they would do otherwise. The plugin will take care of all the heavy lifting by collating all non-sensitive, yet valuable user data based on the behavior and usage patterns. The collection is then presented to the user for review and approval before it can be packaged and monetized along with other batches of user-generated data authorized by their owners who are part of the much larger Swash pool, referred to as “Data Union”. In return for their contributions, the users sharing their data will earn Swash tokens, which can be stored, spent or exchanged for other digital assets.

The Swash browser plugin is available for almost all the popular browser applications including Google Chrome, Mozilla Firefox, Microsoft Edge, Brave, Opera etc., and soon will become available on Android and iOS powered devices. The Swash ecosystem is powered by SWASH, a cross-chain utility token that works seamlessly on Ethereum, xDAI and Binance Smart Chain protocol. The token is a critical part of the platform’s incentive, data transaction, DAO governance and staking systems. Swash is an opt-in solution that requires explicit user approvals for various actions. To assure transparency and security, the platform has undergone a full Data Protection Impact Assessment and registered with the Information Commissioner’s office in the United Kingdom.

​​The Swash value chain will be powered by its native token (SWASH). SWASH will have a variety of use cases within the ecosystem and will be used as a cross-chain utility and governance token integrating Ethereum, xDai and Binance Smart Chain. It will also be fused with Swash’s partners and their native currencies, allowing for cross-fertilization of value, increased adoption, and a seamless user experience. As demand for SWASH will increase alongside network adoption, the generated value may be used to balance the token supply, likely through periodical token ‘burning’. Once the Swash expansion is live, use cases for the Swash token will include an incentive system, data transactions, DAO governance and staking liquidity.

Swash is reimagining data ownership by enabling all actors of the data economy to earn, access, build and collaborate in a liquid digital ecosystem for data through an ecosystem of tools and services designed to unlock the latent value of data by pooling, securely sharing, and monetizing its value. People share their data to earn while retaining their privacy, businesses can access high-quality, zero-party data in a sustainable and compliant way, and developers set up and build systems within a collaborative development framework with ease.

Swash believes that people should be appreciated for the data they generate. They are building a new information economy that works for everyone without compromising on transparency, privacy, or individual agency.

Whitelisting for the Swash public sale is open until Oct 25 2021 or until 20,000 places are filled. The IDO will take place on Oct 29 2021 at Gnosis Auction.

Zaragoza is the First Spanish City to Release NFTs

Zaragoza is the first city in Spain to release NFTs, a new form of digital property that has been gaining traction around the world.

NFTs are a new form of digital property that allows users to own a piece of digital content, just as they would own a physical object. They’re also an investment—the value of the NFT increases as more people use it and buy into the community.

The Zaragoza City Council recently became the first official body in Spain to implement NFTs. During the Fiestas del Pilar, visitors to their site were been able to win NFTs from Cabezudos de la Pilara, El Berrugón, and La Forana, three cultural events that take place in Zaragoza.

NFTs are not only fun to collect, but also offer significant benefits to governments in terms of engagement with their citizens. These digital objects can be used in public spaces to engage with citizens and promote interaction between the government and its citizens. They can be used by citizens to contribute to the community in positive ways.

Buy Virtual Land

 Not only that, but you can buy virtual land NFTs in Zaragoza, powered by Next Earth.

Next Earth is a virtual replica of Earth that lets you buy NFTs that are digitally simulated assets of places. You can purchase virtual real estate, such as a plot of land in the city of Zaragoza, with BNB, the Binance Smart Chain native token.

It’s important to note that these virtual properties on Next Earth aren’t reserved for just Zaragoza—anyone can buy a piece of land in any city they choose.

And now, those who have been following this space will know what it means to have “purchased” a house or a plot of land. But what about those who haven’t been paying attention?

Get Your Feet Wet With Virtual Real Estate

Next Earth is the first blockchain-powered platform that lets you buy NFTs (non-fungible tokens) that are digitally simulated assets of places.

The blockchain ensures that each property is unique and cannot be replicated. It also allows for trading among users who want to buy or sell virtual properties—in fact, it’s actually how Next Earth’s revenue is generated. Additionally, 10% of each purchase goes to environmental causes like The Ocean Cleanup, Kiss the Ground, and Amazon Watch.

Virtual real estate is a great way to get your feet wet in the NFT space, since you can see how it feels to own something before buying a collectible or an actual asset such as a house. You’ll understand the benefits and drawbacks of owning an NFT before making any type of purchase—whether it’s real estate, artwork, digital movies, or anything else.

Let’s look at some of the benefits of owning virtual land.

Benefits of Virtual Real Estate

Virtual real estate allows you to experience ownership without needing to invest in any physical property. Many people don’t have enough money to buy properties but do have the money for virtual real estate. This gives them an opportunity to buy into the market with only their cryptocurrency.

Further, virtual real estate provides an easy way for people who are new to cryptocurrencies or blockchain technology to get familiarized with this exciting space. If you’ve ever wanted to learn more about cryptocurrency but didn’t know where or how to start, buying virtual land on Next Earth is a great place to start!

Finally, virtual real estate gives users a tangible representation of their favorite city that they can use and even trade like traditional currency. You might not be able to visit Zaragoza in person anytime soon (unless you’re very lucky), but you can go online and “visit” it by living there virtually on Next Earth.

Zaragoza is a Spanish city most known for its public market, various museums, and historical landmarks. Want to jump into real estate? Zaragoza plots are awaiting. Or perhaps you’d rather buy a plot in France. All of these are now possibilities with the advent of NFTs, and you won’t have to move away from your computer screen to make them happen.

 

Photo by Marcelo Rivas on Unsplash
Shiba Inu (SHIB) Jumps 50% To ATH Amid Robinhood Rumors

Shiba Inu (SHIB), one of the most popular meme coins, soared to an all-time high for the first time since May 11. The meme coin reached new heights of $0.00004432 over the weekend. SHIB was up over 50% in just 24 hours, according to the pricing from CoinGecko.

Related Reading | Shiba Inu Outranks Chainlink And Takes Place In Top 15 Crypto-Assets

With a market cap of $21.4 billion, Shiba Inu is currently the 13th biggest cryptocurrency. It is getting closer to Dogecoin, which is now in 11th place with a market cap of $33.86 billion. Both coins, however, can be quite volatile.

It is also now worth more than Africa’s richest man, Aliko Dangote, who, according to Forbes, is worth $13.6 billion.

Shiba Inu Rallies

Shiba Inu’s latest rally can be attributed to an ongoing bullish trend that started about two weeks ago. Since then, Shiba Inu maintained week-long support at approximately $0.000028 before resuming a bull run to its latest record.

Related Reading | Why Shiba Inu (SHIB) Rallied 266% Following Biggest Dump In Its History

“At this moment attention seems to have converged on SHIB and speculation is the primary driver of the price surge,” Ben Caselin, head of research and strategy at crypto exchange AAX, said on Sunday to Bloomberg. “Prior patterns and dynamics in crypto indicate that SHIB is likely to be challenged by other projects and shed much of its value further along in the market cycle,” he added.

SHIBUSD Chart on TradingView.com

SHIB price jumps to $0.000043 | Source: SHIBUSD on TradingView.com

Shiba Inu is a decentralized cryptocurrency created in August 2020 by an anonymous person or persons known as “Ryoshi”. The coin’s website refers to it as “a decentralized meme token that evolved into a vibrant ecosystem.” It was modeled off Dogecoin, which is also fashioned after the Japanese dog breed. It is also dubbed the “Dogecoin Killer.”

“With such meme coins it’s hard to speculate on the actual reasons for price movements, in all honesty,” Vijay Ayyar, head of Asia-Pacific with crypto exchange Luno Pte., said in a message Sunday. But “there are some interesting communities being built around them.”

Robinhood Rumors Fueling Rally

There are rumors that crypto trading platform Robinhood is getting ready to list Shiba Inu. According to the recent tweet by a prominent SHIB Twitter account, Robinhood might be considering adding the meme coin to the list of trading assets.

There is also a petition on Change.org urging Robinhood to list SHIB on its platform, and it has over 300,000 signatures.

During his interview with CNBC earlier this week, Robinhood CEO Vladimir Tenev reportedly refused to comment about whether or not the company would make the listing.

Featured image by Binance Research, Chart from TradingView.com
TA: Bitcoin Price Faces Hurdle, Why 100 SMA Is The Key

Bitcoin price corrected lower and tested $59,500 against the US Dollar. BTC is recovering losses, but upsides might be capped above $63,250 in the near term.

  • Bitcoin declined below the $63,200 and $62,000 support levels.
  • The price is now trading below $62,000 and the 100 hourly simple moving average.
  • There was a break above a key bearish trend line with resistance near $61,000 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair could start a steady increase if there is a close above the 100 hourly SMA and then $63,250.

Bitcoin Price Faces Resistance

Bitcoin price traded to a new all-time high near $66,982 before starting a downside correction. BTC corrected lower below the $65,000 and $63,250 support levels.

There was also a break below the $62,000 support zone and the 100 hourly simple moving average. Finally, the price spiked below $60,000, but the bulls were active above the $59,500 level. A low is formed near $59,610 and the price is now consolidating losses.

There was a recovery wave above the $60,500 and $61,000 levels. Bitcoin surpassed the 23.6% Fib retracement level of the downward move from the $66,982 swing high to $59,610 low.

There was also a break above a key bearish trend line with resistance near $61,000 on the hourly chart of the BTC/USD pair. The pair is now facing resistance near the $62,000 level and the 100 hourly SMA. A clear break above the $62,000 resistance could open the doors for a fresh increase.

Bitcoin Price

Source: BTCUSD on TradingView.com

The next major resistance sits near the $63,250 level. It is near the 50% Fib retracement level of the downward move from the $66,982 swing high to $59,610 low.

Any more gains may possibly call open the doors for a move towards the $64,000 level. The next major resistance sits near the $65,000 level.

More Losses In BTC?

If bitcoin fails to clear the $63,250 resistance zone, it could extend its downside correction. An immediate support on the downside is near the $61,200 level.

The first major support is now forming near the $60,000 level. A break below the $60,000 support may possibly push the price towards the $58,000 support zone.

Technical indicators:

Hourly MACD – The MACD is slowly gaining pace in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level.

Major Support Levels – $61,200, followed by $60,000.

Major Resistance Levels – $62,000, $62,500 and $63,250.

TA: Ethereum Gearing For Another Lift-Off If It Clears This Level

Ethereum extended its decline below $4,100 and spiked below $4,000 against the US Dollar. ETH is recovering, but it must break $4,175 before there was a fresh increase.

  • Ethereum corrected lower below the $4,200 and $4,175 support levels.
  • The price is now trading above $4,050 and the 100 hourly simple moving average.
  • There is a key bullish trend line forming with support near $4,000 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair could start a fresh increase if it clears the $4,200 and $4,175 support levels.

Ethereum Price Could Rally

Ethereum started a downside correction from the $4,000 resistance zone. ETH traded below the $4,200 support zone and the 100 hourly simple moving average.

Ether price even traded below the $4,000 support zone. A low was formed near $3,964 before there was a recovery wave. There was a break above the $4,050 level and the 100 hourly simple moving average.

The price climbed above $4,100, but it is facing resistance near the $4,175 and $4,200 levels. A high is formed near $4,155 and the price is now consolidating. An immediate support is near the $4,100 level. The stated level is near the 23.6% Fib retracement level of the upward move from the $3,964 swing low to $4,155 high.

Ethereum Price

Source: ETHUSD on TradingView.com

There is also a key bullish trend line forming with support near $4,000 on the hourly chart of ETH/USD. An immediate resistance on the upside is near the $4,175 level. The next major resistance is near the $4,200 level, above which the price might start a fresh rally. In the stated case, the price might rise towards the $4,250 level. Any more gains could lead the price towards the $4,320 level.

Dips Supported in ETH?

If ethereum fails to continue higher above the $4,175 and $4,200 resistance levels, it could start a fresh downside correction. An initial support on the downside is near the $4,080 level.

The first key support is now forming near the $4,050 level. It is close to the 50% Fib retracement level of the upward move from the $3,964 swing low to $4,155 high. The main support is near the $4,000 level. Any more downsides could lead the price towards the $3,920 support.

Technical Indicators

Hourly MACDThe MACD for ETH/USD is losing pace in the bullish zone.

Hourly RSIThe RSI for ETH/USD is now above the 50 level.

Major Support Level – $4,000

Major Resistance Level – $4,200

Cindicator NFT for lifetime access to auto trading crypto app sells for 36.75 ETH ($140K)

Cindicator, a crypto investment platform, announced today that its first NFT on Stoic, an automated crypto investment app with AI, has sold for 36.75 ETH or over $140,000 at the current rate. The winning bid came from someone named _satoshi.

The Stoic NFT is named Zeno of Citium, the founder of Stoicism. He believed that happiness and peace of mind come from living by reason and nature. His ideas profoundly influenced many generations of philosophers after him.

This 1:1 NFT gives free lifetime access to the Stoic app, which offers trading strategies built for Cindicator Capital, a quant hedge fund. The holder of the NFT can connect the Stoic algorithm to a Binance account with a balance of up to $10 million. The usual Stoic annual fee is 5%.

Launched by Cindicator, Stoic automatically builds and rebalances a long-only portfolio of crypto-assets based on quant research and AI. Since its release in September 2020, over 10,000 clients have connected to Stoic holding over $100M in crypto. From March 2020 to September 2021, Stoic returned +2,189%.

“Selling lifetime access to a product as an NFT is a unique case. Besides its collectible value from rareness, it carries real utility in the Stoic app. The holder can manage up to $10 million with Stoic and use the NFT as an on-chain signal of credibility to unlock other opportunities.”
– Mike Brusov, Co-Founder and CEO of Cindicator

Crypto exchange Gate.io to provide Pyth Network with price data

Gate.io, a bitcoin and crypto exchange company, today announced a cooperation with the decentralized financial data provider, Pyth Network, to provide reliable cryptocurrency pricing data on the platform.

By partnering with Pyth Network, data providers such as Gate.io contribute regular, live market data, and developers are able to access this data directly on the blockchain. Pyth Network is a Solana-based data aggregation platform for the decentralized finance (DeFi) market. It helps solve a problem faced by DeFi by making available high-fidelity and time-sensitive data.

“Providing users with accurate and reliable cryptocurrency price data is one of our top priorities at Gate.io. Over 6 million users around the world rely on up-to-date, reliable data when trading on our platform and as such we have partnered with Pyth network to ensure the best possible trading experience for our users.”
– Marie Tatibouet, Chief Marketing Officer at Gate.io

Gate.io offers spot, margin, futures, and contract trading in addition to DeFi products through Hipo DeFi, custodial services through Wallet.io, investments through Gate Labs, and its GateChain platform. Furthermore, the company also offers a wholly integrated suite of products such as its Startup IEO platform, NFT Magic Box marketplace, crypto loans, and more.

Asia Digital Bank implementing access to Cosmos ecosystem thru IRISnet

Asia Digital Bank Ltd. (ADB), the first recipient of the Digital Banking license issued by Labuan Financial Services Authority in Malaysia and digital asset operator, announced a strategic partnership with Bianjie, IRISnet’s Core team, and a Cosmos Core Contributor since genesis.

ADB with Bianjie’s support plans to build a new blockchain-based infrastructure that supports the integration of centralized and decentralized financial services.

Powered by Cosmos’ scalable, sovereign, interoperable blockchain stack, this new digital banking infrastructure will support the realization of a lawful self-service financial paradigm. Utilizing DID, NFT, big data privacy protection, and interchain technologies via the Cosmos-based enterprise suite, IRITA, ADB’s firms, and individual users can manage both centralized bank accounts as well as accounts on open distributed ledgers connected through Cosmos/IRISnet Hubs.

Bianjie continues to expand Cosmos’ footprint into the enterprise blockchain space through building the Cosmos-SDK-based IRITA consortium blockchain framework. IRITA  will be used to build this Asia DB initiated open permissioned blockchain (OPB) to connect its banking business partners and other ecological service collaborators from different countries.

Last year, Bianjie launched WenChang Chain, the first Blockchain Services Network (BSN) Open Permissioned Blockchain (OPB) initiative to go to market. This OPB will support legal-friendly stablecoin issuing, digital asset exchange, asset-based securities issuing, and cross-border payments for global commerce. Additionally, this OPB  will integrate with the Cosmos ecosystem through IRISnet Hub for an open, inclusive, and legal-friendly financial services paradigm.

IRISnet + ADB

“We are delighted to have the leading blockchain technology innovator Bianjie join forces with Asia DB. This technical cooperation is going to expedite our new generation of digital banking system development. With Bianjie’s support, we believe through the adoption of advanced enterprises-oriented Cosmos-based blockchain stacks, we can support innovative financial services that will generate lasting impacts for ASEAN, China, the Islamic financial market, and the whole world in building an inclusive financial ecosystem.”
– Andy Liu, Chairman of Asia Digital Bank

Asia DB was initiated and established by the Asia Pacific Investment Bank (Registration No. LL11654), (licensed Labuan Investment Bank) (License No. 170120BI)(APIB) in Labuan International Business and Financial Centre (Labuan IBFC). On November 28, 2019,

it was officially approved by Labuan Financial Services Authority (Labuan FSA) as a digital financial business licensee established by Nanjing Zijin Investment Group, a state-owned enterprise of Nanjing City, Asia DB is under the guidance of the People’s Bank of China’s Digital Currency Research Institute (Nanjing) Application Demonstration Base when carrying out financial services to support efficient international commerce activities for Chinese enterprises.

Founded under strategic cooperation between Nanjing and the Labuan IBFC and Labuan FSA, this first batch of licensed digital investment banks aims to build an inclusive self-service financial platform for global digital asset transactions using blockchain technology.

Outlier Ventures opens applications for new Polygon x Base Camp Accelerator

Outlier Ventures, the European blockchain accelerator ecosystem, today announced that Polygon, the Ethereum scaling platform – has been chosen for Outlier’s latest Base Camp Accelerator program.

To date, Outlier Ventures has accelerated more than 90 Web3 startups since 2014 and has grown a network of thousands of blockchain founders through its Ascent advisory program and quarterly Diffusion community event. Outlier Ventures is uniquely positioned to stimulate developer activity and growth on the Polygon network by collaborating with mentors from Polygon and its ecosystem players to host this rigorous five-month accelerator program.

Polygon

The Polygon ecosystem emerged in 2021 as a hub for scaling Ethereum-based apps, collecting more than $10 billion in value locked in the ecosystem through bridges from Ethereum, and hundreds of millions of dedicated venture capital is anticipated to enter the space to fund startups building on Polygon.

Following its success with the launch of ecosystem accelerators with the likes of Polkadot and Filecoin, Outlier Ventures is looking for a variety of teams using Polygon — from crypto natives to Web2 founders and enterprise professionals — to build high-growth startups and decentralized apps and networks.

Now open for applications, the Polygon x Base Camp Accelerator program will begin in early 2022.

Up to eight teams will join an intensive five-month program that supports founders with fundraising, community growth, token design and implementation, business model innovation, and governance, in addition to gaining access to Outlier Ventures’ mentor network of leading Web3 founders.

The accelerator will also serve as a catalyst for founders developing their projects within the context of Outlier Ventures’ Open Metaverse thesis, a toolkit for design alternatives based on principles of user-centricity and sovereignty of identity, data, and wealth.

Projects will be selected for the cohort-based upon their ability to grow the Polygon ecosystem, with a focus on the following use cases and tooling:

NFTs & Gaming

  • NFT franchises and media studios
  • NFT marketplaces
  • Play-to-earn games

Gaming Ecosystems & Infrastructure

  • Game studios
  • Gaming engines
  • No-loss lotteries
  • Decentralized music royalties

Infrastructure

  • B2B solutions & services supporting Polygon
  • Developer tools and smart contracts
  • DAO infrastructure
  • IoT infrastructure
  • File storage
  • Oracles and data curation

Middleware

  • Wallets and access services cross chain
  • Sustainability and environmental impact

DeFi

  • Decentralized banks and related services
  • Crowdfunding DApps
  • Yield aggregators
  • ESCROW services supporting Polygon
  • Multi-chain DEXes
  • DeFi/gaming combos
  • Insurance initiatives
  • Fixed Interest solutions
  • Decentralized perpetual contracts

Services

  • DeFi-related services supporting Polygon
  • Decentralized social media
  • Decentralized legal services supporting Polygon
  • Identity and privacy-enhancing services supporting Polygon
  • Supply-chain tracking

“Polygon has helped take the Ethereum ecosystem to the next level, making new use cases possible that require low fee and high throughput transactions, so it was a natural partner for us to help accelerate the Web3 ecosystem.” 
– Jamie Burke, Founder & CEO of Outlier Ventures

Outlier Ventures aims to invest in a diverse founder base and encourages teams from all backgrounds and especially those from communities that are underrepresented in the Web3 and tech industry to apply.

“As the leading solution for Ethereum scaling and infrastructure development, It is vital to support and encourage development on Polygon as the network becomes essential for broader Web 3 growth. As such, we’re delighted that Polygon has been chosen for Outlier’s latest Accelerator program. Following the successes of the previous accelerators, we have high hopes that the program will discover the best the Polygon network has to offer to help drive developer activity and expedite ecosystem growth.”
– Sandeep Nailwal, Co-Founder of Polygon