DeFi

Nycrypto Labs Secures $800K to Scale Tidus, the “All-in-One” App Every DeFi User Needs

Published

7 months ago

2 July, 2024

CoinFlix Staff

KEY POINTS

Tidus is Nycrypto Labs’ flagship product that allows users to perform cross-chain lending, borrowing, and staking transactions
The wallet has a multi-chain compatibility feature that reduces the potential risk of click fraud
Tidus combines the essential principles of a crypto project into a single application: accessibility, decentralization and security, said founder Dan Mulligan.

In the emerging Web3 space where cryptocurrency users have various apps or extensions to track their digital assets, blockchain development hub Nycrypto Labs has developed Tidus Wallet, which is “the only multi-chain wallet that allows cross-chain lending, borrowing, and staking without leaving the app.”

Nycrypto Labs announced Tuesday that it has raised $800,000 in pre-seed funding in a funding round led by DNA Fund, with participation from Michael Terpin’s Transform Ventures and other leading angel investors.

Coinciding with the funding milestone is the launch of Nycrypto Labs’ flagship “all-in-one” app, the Tidus Wallet, designed as an intuitive, non-custodial wallet that users can have on both desk and mobile. The wallet is available on both App Store And Play store.

Tidus brings blockchain and decentralized finance (DeFi) to millions of users, especially those who were previously hesitant to jump into Web3 due to perceived security risks and the steep learning curve associated with it.

With Tidus’ multi-chain compatibility, the potential risk of click fraud is reduced, given its features focused on decentralized security and privacy. Users can also find educational resources and native decentralized application (dApp) integrations, making this unique wallet a one-stop shop for every DeFi user’s needs.

Nycrypto Labs’ commitment to providing consumers with ease of use is also demonstrated by the Tidus wallet’s bridging feature. Transferring assets across different blockchain networks typically involves using intermediary protocols or platforms for token conversion. The bridging process also often involves multiple steps, which can potentially introduce security risks, complexity for novice traders, and higher fees.

Since users no longer need to go through the complex processes involved in bridging, the Tidus Wallet provides a more secure and streamlined user experience that not only reduces transaction fees but also allows users to navigate the vast and thriving Web3 landscape with confidence.

“Three fundamental principles are essential for any crypto project: accessibility, decentralization and security,” Nycrypto Labs And Tide Founder Dan Mulligan told the International Business Times in a statement.

“Many platforms focus solely on a single principle, such as accessibility, at the expense of decentralization and security. But without decentralization, security is often compromised. Tidus and TidusDAO seamlessly combine these principles while simultaneously rewarding users for using the product,” he added.

Tidus is set to revolutionize the blockchain landscape with its mobile-first approach that ensures every function – from swapping to staking – can be performed in just a few clicks via an intuitive user interface. As a multi-chain, non-custodial wallet that allows users to have unparalleled control and security over their cryptocurrencies, Tidus is the promising game-changer DeFi users need to eliminate the need to juggle different apps and browser extensions to monitor their digital assets.

The wallet supports a wide range of blockchain networks including Bitcoin, Polygon, Solana, Base, Ethereum, Optimism, TON, Arbitrum, and many more. With all the key features DeFi users need in a single wallet, Tidus proves that it’s possible for one wallet to rule them all.

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DeFi

If You Missed BONK and PEPE This Year, This Viral New Crypto Might Be Your Salvation

Published

6 months ago

29 July, 2024

CoinFlix Staff

If You Missed BONK and PEPE This Year, This Viral New Crypto Might Be Your Salvation

Bonk and Pepe appear set to net new investors 10x to 100x returns over the next 12 months. However, cryptocurrencies in the DeFi play-to-earn gaming sector could offer even greater returns. As August approaches, Rollblock is emerging as a standout DeFi play-to-earn gem with the potential to 100x-1000x gains in the fourth quarter and beyond.

The project features an innovative revenue sharing model and exceptional accessibility, attracting players and investors. Additionally, Rollblock’s extensive game library of over 150 titles and enhanced sports betting are further driving excitement for the platform. Cryptocurrency analysts are expecting a sudden surge in demand. 800% a push for Rollblock from the beginning of September.

Bonk remains strong despite market fluctuations

While most well-known cryptocurrencies struggled throughout July, Bonk remained strong. As one of the highest-grossing meme cryptocurrencies of 2024, Bonk rose over 24% in July, while most cryptocurrencies experienced negative fluctuations.

Investors looking to add a relatively safe memecoin to their portfolio should consider Bonk. While Bonk is unlikely to generate explosive gains of 250x to 1,000x from here on out, Bonk could still theoretically provide returns in the 20x to 100x range.

Pepe should see a big rise in the next bull run

Alongside Bonk, Pepe has yet to go through a bull run. This means that there are still substantial gains to be made from Pepe over the next 12 months.

Pepe is down 4% in 30 days, but that shouldn’t worry Pepe investors in 2024. Experts believe Pepe’s best days are still ahead, with crypto analysts predicting a 10x to 50x surge in the next election cycle around November.

In the long term, Pepe could surpass the 100x mark for today’s investors. However, Pepe is a memecoin, and one should exercise caution when investing in purely speculative assets that have no utility.

Rollblock’s Unprecedented Hype Potential Could Push It Past 100x Valuation in Q4

Rollblock is a GambleFi Play-to-Earn token that integrates centralized and decentralized gambling on a single platform. By allowing players to earn rewards through active participation and gameplay, the platform creates a compelling incentive structure that appeals to both casual and competitive players.

With its cutting-edge blockchain technology, Rollblock offers top-notch security that keeps bets and transactions on the platform secure. The platform’s lack of KYC mandates appeals to both users who value anonymity and security.

Rollblock’s revenue sharing model, which allocates up to 30% of casino revenue to RBLK token holders, is a major draw for investors. The model involves burning half of the repurchased tokens and distributing the other half to stakers, increasing the token’s value and encouraging long-term investment.

The platform is also constantly evolving thanks to user feedback which has enabled updates such as the upcoming sports betting feature within the platform’s casino. This addition will complement Rollblock’s extensive game library of over 150 titles, ranging from traditional poker to innovative blockchain-based games.

RBLK is expected to emerge as one of the leading DeFi tokens in 2024. With a price of $0.0172 with impressive growth potential and over 140 million tokens sold recently, Rollblock is on track to enter the top 100 cryptocurrencies by Q4, making today a lucrative time to buy RBLK tokens.

Discover the exciting opportunities of the Rollblock (RBLK) presale today!

Website: https://presale.rollblock.io/

Social networks: https://linktr.ee/rollblockcasino

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DeFi

Cryptocurrency sector is experiencing ‘most misjudged moment’ since 2020, says venture capitalist Arthur Cheong

Published

6 months ago

29 July, 2024

CoinFlix Staff

Cryptocurrency sector is experiencing ‘most misjudged moment’ since 2020, says venture capitalist Arthur Cheong

Veteran cryptocurrency investor Arthur Cheong believes the digital asset sector offers long-term holders a golden opportunity.

Cheong, the founder of DeFiance Capital, tell His 171,700 followers on social media platform X indicate that he believes decentralized finance (DeFi) is hugely undervalued.

According to Cheong, DeFi projects are innovating at a rapid pace and leaving traditional financial (TradFi) companies in the dust.

“It’s been a long time since I’ve been this excited about the risk/reward and potential upside of DeFi. This is probably the most misjudged moment since the pre-DeFi summer of 2020, with extremely promising prospects.

I see opportunities not only in OG (original) DeFi, but also in some newer projects that are evolving rapidly and growing at a pace that fintech startups will do anything to match.

The veteran investor also believes that crypto is now here to stay following recent launch from the Ethereum spot market (ETH) exchange-traded funds (ETFs) last week.

“Overall, the floodgates are open and there is no turning back. TradFi asset managers will continue to launch new crypto products because, guess what: there is huge demand for them!”

I expect them to launch actively managed crypto ETFs [in the] coming years. ”

Earlier this month, Cheong laid that it might be a bad strategy for cryptocurrencies to seek mass adoption, believing that digital assets are designed to disrupt several key financial sectors.

“I think we should accept that cryptocurrencies may not be suited for mass adoption like Web2, but rather are optimized for some narrow but very high-impact use cases like stateless global money, cross-border payments, and decentralized finance.

Chasing mass adoption of normies may be chasing the wrong Grail from the start.

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