Connect with us


6 Questions for Kain Warwick of Synthetix – Cointelegraph Magazine



Cointelegraph By Editorial Staff

We ask the buidlers in the blockchain and cryptocurrency sector for their thoughts on the industry… and we throw in a few random zingers to keep them on their toes!


This week, our 6 Questions go to Kain Warwick, the founder of Synthetix.

Kain Warwick is the founder of Synthetix, a derivatives liquidity protocol on Ethereum. Synthetix has processed billions of dollars in trading volume. Warwick previously founded Blueshyft, Australia’s largest cryptocurrency payment gateway. 


1 — What’s a problem you think blockchain has a chance to solve but that hasn’t been attempted yet?

I might just still be a 2017 idiot here, but I still feel equity settlement, having a decentralized ledger for equity settlement, is a sensible thing that will happen. But it can’t happen until regulators are comfortable with it happening, etc. The efficiencies it will add are just too obvious to be avoided. There are certain things that come with that, that mean it’s gonna take a while before we see that. There have been weird little experiments, but I think a large-scale transition to something like that is still a ways away. But it will be hugely impactful when it happens.

2 — Which is sillier: $500,000 Bitcoin or $0 Bitcoin? Why?

$0 Bitcoin. There is just zero chance — it’s literally impossible for Bitcoin to go to zero. There is not a market where someone would not have a buy price for every Bitcoin above zero. It’s just functionally impossible. Whatever the canonical Bitcoin is, even if it’s not the one that it is right now — that specific chain or whatever — it has a price above zero. There’s always a market for something, there’s always a buyer of last resort for something, and Bitcoin has way more buyers of last resort — it’s never going to zero.


3 — What should we be teaching our kids?

I think we should teach our children to not blindly accept authority, which is a hard thing to do because there are so many things in children’s lives that are structured and controlled that they don’t have control over. And so, to teach them to be respectful of certain things while also being mindful that they should be questioned is a delicate balance to strike.


4 — What’s the silliest conspiracy theory out there… and which one makes you pause for a moment?

Probably the silliest conspiracy theory is the Bill Gates microchip vaccine theory, and probably the one that gives me pause for a moment is the Elon Musk microchip conspiracy theory.


5 — Which people do you find most inspiring, most interesting and most fun in this space?

I feel like Andre Cronje is an easy and obvious one. You never know what the fuck he’s going to be doing. Larry Cermak’s good, Anthony Sassano is good, Mariano Conti is good, he’s always high value. Obviously, G (DegenSpartan) is always good.


6 — What talent do you lack and wish you had? How would you use it if you had it?

I lack the talent to draw things, and I would be starting my own NFT project if I had the ability to draw.



Source link


Satoshi Nakamoto saves the world in an NFT-enabled comic book series – Cointelegraph Magazine



Cointelegraph By Elias Ahonen

There is a Reddit post from August 2013, in which a purported time traveler shared a dystopian future brought on by the proliferation of Bitcoin in the year 2025. “Things are looking bleak here, and some of you will carry blood on your hands,” the time traveler warned readers, telling them of a world of vast inequality and economic decline. The Bitcoin “earlies” live in fortified cities, as there are no more governments due to the difficulty of enforcing taxation.

This is the inspiration of the setting created by ENCODE Graphics, a comic publisher committed to “expressing the myths of the crypto scene and the metaverse in narrative form.”


Characters PR1MUS and ONESHOT


Part of the vision is to breathe life into the comic book industry, which suffered a crypto blow last month after DC Comics barred its artists from creating NFTs featuring any DC Comics intellectual property. This means that they cannot mint art featuring the likes of Batman, Wonder Woman or Superman.

Despite this, ENCODE is seeing the artists from both DC and Marvel join forces with crypto artists around the world to create a new “universe with well-designed characters, which in turn will provide a basis for many more sub-projects.” All will be based around the concepts of crypto in a style that might be referred to as “cryptopunk.” An ENCODE spokesperson tells Magazine: 

“The vision to establish a comic project that provides a wonderful base for comic artists to make artworks in the spirit of Bitcoin, CryptoArt and our crypto community. This universe, with its beautifully designed characters, offers a potential that goes far beyond the creation of comic literature.”

Who’s behind the mask?

ENCODE Graphics is headed by an Austrian artist going by the pseudonym PR1MAL CYPHER, who started off as an individual artist but is now better described as the artistic director for his project. 

Originally versed in oil painting, he focused on digital CryptoArt with an element of social critique. He has taken an interdisciplinary approach to combine text with digital art on platforms SuperRare, MakersPlace and Nifty Gateway, and has also produced a run of silver coins funded with 0.01 BTC, in a style reminiscent of SATOSH1. His five-part NFT series “RIOT DAYS” featuring George Floyd is an example of his sociopolitical approach.

According to PR1MAL, the goal of ENCODE is to offer “a glimpse into the future — a project that still guarantees the professionalism of the old publishers, but wants to live up to the symbols of CryptoArt and the Metaverse with new technologies.”



While PR1MAL is clear that there is no intention of competing with the big names in the world of comics, he states that the company is “keen to be a pioneer in the field” by leveraging the “possibilities of blockchain and the digital world in general. We will succeed in that.” This could certainly introduce a unique edge in drawing up a new generation of crypto-native comic book fans — and collectors.

Though the rest of the lineup of writers and visual artists is not yet completely public, it includes a number of notables within the DC and Marvel experience. Some writers include Eisner Award winner Mike Baron; Chuck Dixon, who is known for Batman and The Punisher; Aaron Lopresti, who has written extensively for both Marvel and DC; as well as Scott Beatty, who has written encyclopedias based on DC Comics characters, in addition to his work for the publisher.


The mysterious SATOSH1


Comic artists Will Conrad and Mark McKenna are represented on the visual side along with a number of new talents. McKenna is already familiar in the NFT scene, having released digital artworks on MakersPlace in December 2020. Despite the impressive lineup, there are hints of more to come, as the project’s organizer states that “Many of the already involved artists with rank and name currently remain under secrecy.”

The time-traveler title mentioned earlier, otherwise known as 2084, centers on the recently returned Satoshi Nakamoto. Here, SATOSH1 explores a “distant dystopian future version of our Earth after the ‘Big Reset’, where the big corporations and citadels hold the power,” according to PR1MAL. The ongoing series is meant to constitute “an epic of CryptoArt” set in a fictional, polarizing future, filled with symbols and figures related to the culture around cryptocurrency intended as a recurring theme. 2084 is expected to stay in the production phase until summer 2021.

“At the heart of ENCODE is the publication of stories that on the one hand take up the symbols and memes of crypto culture, but also the vision of the present that will be the reality of the future.”

Another title, METATALES, is a graphic black-and-white anthology made up of a number of short stories by various artists. Some of these are about crypto, while others “are more socio-critical and portray our society in terms of technological developments.” Publication is planned for early June.




Distribution of the comics has not yet been announced, but an NFT drop called GENESIS related to 2084 took place on April 17 on Nifty Gateway. The drop of four open edition works featuring SATOSH1 saw 148 sales, bringing in nearly $97,000 for the project. 

“The GENESIS drops help us with funding. Artists want to get paid,” says PR1MAL. A second, related drop is scheduled for June 4.


SATOSH1 holding Lady Liberty


The Nifty Gateway platform is owned by the Winklevoss twins, and was previously chosen as the main platform for Michael Winkelmann, better known as Beeple, for his drops because it allowed anyone to participate using a credit card or bank transfer, instead of being strictly on-chain. 

The launch of the GENESIS NFT series before the launch of the actual comic is interesting from the perspective of crypto history, since the set-up appears to be an echo of the pre-initial coin offering phenomenon that was commonplace in 2017. Pre-ICOs were opportunities for investors to get in on a project “at the ground floor,” with raised funds being used, at least in theory, to create a valuable product. In this sense, the GENESIS NFT drop was a sort of pre-offer or kick-starter to the art project.



Helping emerging young artists access the NFT scene is a point of emphasis, according to ENCODE, with PR1MAL explaining that a portion of NFT proceeds will go toward an “artists fund” to help support young talent, who “should be offered a possibility to get access to the NFT scene and to get fair shares from releases within the framework of ENCODE.”

“We would very much like to provide a scholarship to the Kubert School in Dover for one young talent each year at some point,” PR1MAL adds, referring to a New Jersey school for cartooning.



Visualizing the future

Physical comics are naturally part of the picture — but with a modern twist. Some next-generation physical comic books will “contain NFCs with ETH keypairs and NFTs” that will “harmonize with Web 3.0.” NFCs refer to near-field communication devices, used in applications like tap-and-go payment cards. The covers of each comic will also be available as NFTs. 

According to PR1MAL, “This is also a particular goal of ENCODE Graphics — the innovative building of bridges between physical works and the new digital possibilities of the blockchain.”

The vision of creating comics that represent the 21st century seems to be supported by plans for an exclusive set of 21 founder tokens. “The tokens will be like a contract for 3 years. Holders will receive a lot for what they pay, digital items and analog items: all issues and variants, including a special founder variant. Plus partial potential movie rights, limited Founder NFTs, a physical printed ‘yearbook’ after one year, prints, original art, etcetera,” PR1MAL lists in addition to other swag. There are also plans for a trading card game called CITADELS featuring characters from 2084.


AVA FROST with 101


With so many plans, however, it is worth questioning if launching two recurring publications in such a short time may prove too large of a bite to chew. Despite the workload, PR1MAL says that “Everything is on schedule” and that Issue #2 of both comics is being worked on.

If ENCODE Graphics does become a success to the point that its characters become representative of the global epic of crypto, the possibilities are quite considerable. In five years, PR1MAL hopes to expand 2084 “to such an extent that it would even be ripe for a film adaptation.” There is also the potential of integrating the storyline with the actual Metaverse somehow, using platforms like Decentraland or Cryptovoxels to name a few.

PR1MAL concludes that: “ENCODE guarantees the professionalism of the old publishers but wants to live up to the symbols of CryptoArt and the Metaverse with new technologies.”


Source link

Continue Reading


Atomic swaps and network upgrades send Monero (XMR) price to a 3-year high



Cointelegraph By Jordan Finneseth

As the 2021 bull market cycle unfolds with decentralized finance and nonfungible tokens, or NFTs, being two of the biggest driving forces for growth, old-school cryptocurrency projects have quietly been climbing higher as their established track records begin to attract traders who value a longer history of success.

One such project that has been gaining traction in recent weeks is Monero (XMR), a privacy-focused project that recently celebrated its seven-year anniversary and is now looking to take out its 2017 all-time high of $470.

XMR/USDT 4-hour chart. Source: TradingView

Data from Cointelegraph Markets and TradingView shows that since reaching a low of $134 on Feb. 1 the price of Monero has swelled 210% alongside a steady increase in trading volume and the network’s hash rate.

Community members push for adoption

Momentum for XMR saw a noticeable uptick in early February thanks to an effort by members of the Monero community to get XMR added as a payment option on Tesla’s website.

While the proposal has thus far been unsuccessful, with Tesla only announcing support for Bitcoin (BTC) at this time, the effort succeeded in attracting wider attention to the Monero project and the privacy capabilities it offers.

The project also received a boost in momentum following the successful audit of Bulletproofs+, the network’s new zero-knowledge proving system that enables lighter, smaller Monero transactions.

Following the market downturn in late February, the price of Monero traded in a tightening range through the month of March despite multiple adoption-related announcements, including the ability to use XMR to book a private jet with TapJets and to book travel arrangements through Travala.

Monero has also received a significant boost in optimism due to the possibility of atomic swaps between XMR and BTC.

In the time since the above tweet was posted in January, the Comit team has released a functioning swap demo for community members to try out while THORchain has also verified that it is in the process of working with the Haven protocol to integrate Monero.

Excitement for atomic swaps combined with the release of the Monero-based Haveno decentralized exchange on April 8 has resulted in a 66% surge in the price of XMR over the past two weeks and put its price within striking range of its old all-time high at $470.

As institutional investors continue to gain exposure to the cryptocurrency asset class, more established projects like Monero are likely to be some of the first tokens that are explored, as evidenced by Grayscale Investments filing for a Monero trust in January.

This development — combined with a growing community, atomic swap functionality and real-world integrations — has XMR well positioned to see further growth as the current bull market cycle unfolds and the appeal of cryptocurrencies continues to entice new investors.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, and you should conduct your own research when making a decision.