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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. In an exclusive press release shared with crypto.news, Rebase, a digital platform harnessing blockchain, augmented and virtual reality technologies to reshape advertising, is announcing the IRL Cup, an event celebrating the launch of IRL, the platform’s native token .  The IRL Cup aims to engage the web3 community through entertaining and rewarding activities. The event will start on Dec. 24 and will run for three months. Rebase has prioritized user engagement. It has over 45,000 active users and 700,000 miles within the app.  The IRL Cup promotes physical activity and seamlessly integrates real-world movement into the virtual space. Participating users can earn points by performing various activities within the app.  You might also like: Circle launches EURC stablecoin on Solana The event has three leaderbo...

The price of soccer fan tokens, designed for fan engagement, is seemingly impacted by the on-field performance of teams. Argentina’s shock 2-1 loss to Saudi Arabia in the opening match of the FIFA World Cup has plummeted the price of the Argentine Football Association Fan Token (ARG), in line with the hopes of the nation’s die-hard soccer fans.  With the ARG token priced at $7.21 at kick-off, the poor performance by the Lionel Messi-led soccer team saw the token’s price fall 31% to $4.96 by the end of the match before rising to $5.22 at the time of writing, according to data from CoinGecko. By contrast, the floor price of “The Saudis,” a Saudi Arabian-themed nonfungible token (NFT) collection unrelated to the soccer team, skyrocketed 52.6% from 0.196 Ether (ETH) to 0.3 ETH over the same time before cooling off to a price of 0.225 ETH, around $250. The collection’s sales volume also spiked 990% over the last 24 hours, closing in on 24.5 ETH, according to OpenSea data. Despite the bui...

Sriram Krishnan said that “the world of social media is stuck in a different era, and things need to change.” An executive from venture capital firm Andreessen Horowitz (a16z) believes that Web3 has the solutions to the headaches and problems found on Web2-based social media platforms.  During a keynote speech at the Ethereum Community Conference (EthCC), a16z partner Sriram Krishnan shared a presentation explaining how Web3 can fix social media and consumer applications. Krishnan stressed that “the world of social media is stuck in a different era, and things need to change.” The executive said that his goal in the presentation was to convince the audience that “now is the moment to build large-scale crypto consumer social media marketplace applications.” Sriram Krishnan at the EthCC event in Paris. Source: EthCC Livestream Krishnan, who also worked on prominent social media companies like Meta and Twitter, highlighted some common points that modern social media platforms are current...

Rockstar believes that as more quality Bitcoiners join, support, communicate, and collaborate with each other, Bitcoin will continue to rise. The BTC Prague event has recently highlighted that while there remain places in the world where Bitcoin (BTC) adoption is still in its early stages, many continue to be positive about how the community can onboard more BTC supporters despite the new challenges that come in.  In an interview with Cointelegraph reporter Joseph Hall, pseudonymous Bitcoin developer Uncle Rockstar, the head of Bitcoin at payment platform Strike, shared his thoughts on Bitcoin adoption and his most pressing concerns within the Bitcoin ecosystem in 2023. According to the developer, the BTC Prague event allowed him to talk about his story. He said that while he had less time, he was able to allow people to catch “tiny bits” that he believes would let people “do the same for themselves.” He explained that: “At the end of the day, that's what it's all about. Lik...