Olympian INU plans to allow web3 artists to access a platform to create and share art with collectors worldwide. Through its tokenomics, dynamic events, and roadmap for growth, Olympian INU aims to offer an exciting opportunity for creators and enthusiasts alike. In today's review, let us look at the project's features more closely. What Is Olympian INU? Olympian INU seeks to bring web3 artists to Arbitrum, creating a thriving NFT market for collectors and artists alike. By burning $OPI tokens…
Coinbase-Backed DeSo Unveils MegaSwap, a “Stripe for Crypto” Product, with Over $5 Million in Volume
Disclaimer: This is a paid press release! Readers should do their own research before taking any actions related to the company. Learn More
DeSo is excited to announce the launch of MegaSwap – a revolutionary, cross-chain smart service that enables users to securely and easily swap coins between different blockchains with a frictionless zero-login. MegaSwap solves various critical pain points, including onboarding new users and liquidity to any web3 application across any blockchain ecosystem.
In its limited release, the platform has already seen more than $5 million in volume, demonstrating its potential to revolutionize the crypto market with cross-chain swaps.
MegaSwap offers an alternative and safer solution to the traditional centralized exchange model where users don’t ever have to log in or provide sensitive personal information. In addition, instead of storing their coins on a centralized exchange, users can store them in their self-custody wallets to mitigate the risk of unforeseen meltdowns, such as those seen with FTX, BlockFi, Celsius, or Voyager.
MegaSwap is a simple, innovative solution for developers seeking to build web3 applications on different blockchains. Developers can install its frictionless zero-login API with a single line of code, making their apps chain-agnostic and accessible from any blockchain. For example, for the first time, apps on Ethereum can easily compose with apps on Solana or DeSo. MegaSwap thus makes it easier for liquidity and new users to be onboarded into any blockchain ecosystem.
Founder of DeSo, Nader Al-Naji, explains:
One of the biggest use cases that will have the greatest impact is onboarding new users that don’t own your coin. That all changes with MegaSwap, where devs can leverage crypto-to-crypto swaps between any two coins no matter what blockchain ecosystem they’re in. This last use case is a great wedge because it solves the biggest pain point for every blockchain dev today: getting new users without making them buy your coin on an exchange.
The blockchain ecosystem needs to be more cohesive, making it hard for users who want to try out different web3 apps. With MegaSwap, users can easily and securely swap between Ethereum, Solana, Bitcoin, DeSo, and USDC, with support coming soon for other blockchains like NEAR, ADA, Doge, and more! This makes it easier to move funds between blockchains allowing communities to navigate from app to app seamlessly.
DeSo is committed to creating a Social Layer for Web3 that seamlessly allows communities to transition between different blockchains. The launch of MegaSwap is a testament to this commitment and eliminates a major hurdle preventing the mass adoption of cryptocurrencies.
This is yet another example in a recent string of successes for DeSo. Recently, they launched a breakthrough fundraising platform called Openfund that enables entrepreneurs to launch tradeable coin-backed fundraising rounds via the world’s fastest order book exchange.
With the combination of Openfund and MegaSwap, founders and builders can easily fund projects, acquire new users, and expand their reach with a comprehensive suite of powerful tools in the DeSo ecosystem.
They also recently partnered with Princeton University to launch the first-of-its-kind web3 startup competition and have a slew of upcoming releases that will position DeSo as the go-to layer-1 blockchain to build decentralized social media applications.
The Social Network Hard Fork just went live, enabling decentralized verifications. They plan to move to a proof of stake later this year, improving performance and energy efficiency.
DeSo is a new layer-1 blockchain built from the ground up to decentralize social media and scale storage-heavy applications to billions of users. It raised $200 million and is backed by Sequoia, Andreessen Horowitz, Coinbase Ventures, Social Capital, Polychain Capital, Winklevoss Capital, Pantera, and other blue chip funds.
Check out the full roadmap and claim your username on deso.com.
Ash Ghaemi – DeSo Foundation
Press release: This is a paid press release! Crypto Adventure does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. Crypto Adventure is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release. Learn More