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- Binance Launches Web3 Wallet!๐ฏ
Binance Launches Web3 Wallet!๐ฏ
Plus : Cab Web3 Exist with AI?
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Binance launches Web3 wallet๐
Plus : Can Web3 exist with AI ?
Welcome ๐to Joint #32! We are sure to give you some insights about this week's weekly updates too๐ฅณ keep reading!
This week was really happening and yes aapko ni ideaโฆbut worry not! Web3 Stash Hai na๐. I hope you know reading this will bring you closer to your Crush๐
Let's start by having a look at BTC and ETH ๐
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As on 15 November, 8:23 AM
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Abhi let's dive into some good web3 news and trust me it's fun keep reading๐ญ๐ญ๐ค๐ป Today we have rolled ๐the following topics for you all -
Binance launches web3 wallet๐ด
$85 Million Grant from Polygon ๐
Can AI and Web3 exist together ๐ค
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๐ดBinance launches Web3 Wallet๐ด
![](https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/10f4830e-2a01-4b7e-9b40-ff8cbed76975/maxresdefault.jpg)
Cryptocurrency exchange Binance ๐ฏhas released a Web3 wallet that can be used to interact with the decentralized finance (DeFi) ecosystem๐๐ค
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The new product, which will work across 30 blockchain networks, ๐was announced at the Binance Blockchain Week conference in Istanbulโ ๏ธ๐๐ฅณ
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Binance's Web3 wallet will compete with the likes of MetaMask๐ฆ and Trust Wallet,๐ the latter of which was acquired by Binance in 2018๐
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The new wallet uses Trust Wallet's Wallet as a Service (WaaS) technology๐
That product is intended to shorten the development time for companies looking to introduce Web3 wallets๐ฐ by offering a range of services including asset management and cross-chain transfers๐ฏโ๏ธ
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Users can create a wallet through Binance's mobile app, which will also serve as the venue for DeFi activities like staking, lending and borrowing.๐ค๐ค๐ก
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Thier priority is to ensure users can explore Web3 with them within a user-friendly and protected environment๐ซโค๏ธ
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๐$85 Million Grant from Polygon๐
![](https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/911716ed-8fe3-48c7-ae12-50810ef96c79/polygon.png)
Polygon Labs is offering 110 million of its native token, MATIC, to projects in DeFi, gaming and social media, among others!๐๐๐ฅณ๐ฅณ๐ฅณ
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Ethereum scaling platform Polygon Labs ๐has started a grant program to entice developersโ๏ธ to build applications in its ecosystem๐ค
Direct grants of up to 2 million MATIC ($1.55 million) will be offered to later stage projects๐ฐ
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Early stage projects can apply for so-called quadratic funding grants, whereby community members make donations that act as votes on where they are allocated๐ค๐ค๐ญ๐ญso cool
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The community grants program offers an open-arms policy, welcoming projects at any developmental stage across crypto sectors, including DeFi, SocialFi, gaming and infrastructure๐ซ๐ฐ๐ฏ
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Furthermore, Polygon Village Startup Support allows projects to apply for vouchers๐ง for services ranging from smart contract audits to storage solutions and web3 infrastructure๐โ ๏ธ like oracles and tooling๐๐ฏ
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Alongside opportunities to engage with a network of tech experts, the Polygon Labs team, VCs and marketing strategists to help get their projects off the ground.๐โ๏ธ
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In the spirit of community connection, Polygon Village also features Village Builder Houses๐ก๐ค โ real-life hubs for networking๐ฅ and resource-sharing๐ in New York and Lisbon๐ฏ
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๐๐ปCan AI and Web3 exist together ๐๐ป
Absolutely! AI and Web3๐ can form a symbiotic relationship, revolutionizing various aspects of technology and decentralized systems -
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1. Decentralized Autonomous Organizations (DAOs):
- AI can be integrated into DAOs to improve decision-making processes. ๐ค
- Smart contracts in Web3 could utilize AI algorithms to analyze data and execute actions autonomously. ๐
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2. Data Privacy and Security:
- AI can enhance privacy in Web3 by developing advanced encryption techniques. ๐
- Decentralized storage platforms could utilize AI-driven security measures for data protection. ๐ก๏ธ
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3. Decentralized Finance (DeFi):
- AI-powered analytics can provide insights into market trends and risk management within DeFi platforms. ๐
- Smart contracts could incorporate AI algorithms for dynamic adjustments based on market conditions. ๐ค
![](https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/a648beb6-5270-4894-9ef4-e0df7b7aa61e/User-Experience.jpg)
4. User Experience:
- AI-driven chatbots or virtual assistants can enhance user interactions within decentralized applications. ๐ค๐ฌ
- Personalization algorithms can be employed to tailor content and services based on user preferences. ๐จ
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5. Interoperability:
- AI can aid in creating interoperable protocols and standards, facilitating seamless communication between different Web3 platforms. ๐
- AI-driven translation services could break language barriers in a decentralized ecosystem. ๐๐ฃ๏ธ
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6. Tokenomics and Predictive Analytics:
- AI can analyze blockchain data to provide predictive analytics for token values and market trends. ๐
- Tokenomics models can be optimized using machine learning algorithms to adapt to changing economic conditions. ๐๐น
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In summary, the integration of AI and Web3 can lead to a more intelligent, secure, and user-friendly decentralized ecosystem, unlocking new possibilities for innovation and collaboration. ๐๐คโจ
And now I want you guys to share this newsletter within your group and get us some more subscribers!๐ฅบ๐ฅบ
That's the only fee you guys need to pay for getting many more cool explanations on complicated topics๐ค๐ป SUBSCRIBE NOW!
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This is what the JOINT #32 had to offer we went from Binance to AI and we promise to deliver an even better experience next time๐ค๐ค so stay subscribed!
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Also please do me a favor and share this newsletter with your web3 friends ๐ซ๐ซ(secret - this will make sure you make good money in web3 world in the coming future)โค๏ธโค๏ธ๐ญ๐ญ๐ญ
Thanks for spending your valuable 5 minutes with us, see you soon in JOINT #33!!๐ซ๐ซ
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