Solana-based protocol seeking to decentralize ride-sharing raises $9M
TRIP protocol enables ride-sharing companies and drivers to compete for riders, as blockchain enables disruption in existing markets. The ride-sharing industry is poised for another paradigm shift with Web3 protocols, allowing new companies and drivers to bid for rides using a matching algorithm, according to the Decentralized Engineering Cooperation (DEC) — the company behind the Solana-based protocol TRIP that enables mobility-based applications.According to DEC, on the TRIP ecosystem, companies and riders can collaborate and compete in a shared marketplace. The protocol also rewards the....
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While the blockchain network Solana’s native token has skyrocketed in value this week jumping 31.4%, the Solana-based perpetual swap platform Drift Protocol announced it raised $3.8 million from strategic investors. At the same time, Drift announced the launch of its alpha mainnet after several months of “grind, hard work, debugging, building security guardrails.”
Solana Perpetual Swap Exchange Drift Reveals Mainnet Launch, Raises $3.8 Million
While centralized exchanges like Binance, FTX, Bybit, and Bitmex offer crypto-based perpetual swaps, decentralized....
The city of Portsmouth, New Hampshire passed an ordinance regulating ride-sharing services that took effect in September of 2015. The ordinance made driving with Uber and other ride-sharing companies illegal within the city limits. Christopher David, a former Uber driver, launched the Free Uber campaign using Bitcoin prize pools to incentivize activism protesting the ordinance. Now, in the wake of protests by Uber drivers over the company’s decision to cut fares, David is launching his own blockchain-based ride-sharing platform, Arcade City. To promote the new platform, he and nine other....
Keeping in mind how there is so much focus on the mobile ecosystem right now, it only makes sense for La’Zooz to release their smartphone app on Android. But this is not your everyday run-of-the-mill application, as its purpose is to introduce ride-mining to gain critical mass in the sharing economy movement. The number of use cases for blockchain technology is virtually unlimited, and it is very positive to see some companies trying to integrate distributed ledgers into different business models. La’zooz is a company digital currency enthusiasts have been keeping a close eye on, and they....
On Wednesday, the team behind Solana-based decentralized finance (defi) margin protocol Marginfi, announced Mrgn Labs has raised $3 million in seed funding from investors. With the recently acquired funds, Marginfi aims to build the first cross-margining engine on the Solana blockchain. Mrgn Labs Gets $3 Million in Funding From Strategic Investors Mrgn Labs has revealed the company has raised $3 million from investors in order to bolster defi margin trading, according to a press release announcement on Wednesday. Mrgn Labs is the team behind the defi margin protocol called Marginfi, a....
A new player has entered the ride-sharing arena and it plans to take the industry by storm with a new approach. The company, “Uber killer” Arcade City, eschews Uber’s centralized control for a decentralized, driver-driven approach. The company has just begun integrating Ethereum into its system. The founder of the company Christopher David, an activist and entrepreneur who innovatively used Bitcoin to crowdfund Free Uber. The swarm-based activism campaign was organized against the city of Portsmouth for banning ride-sharing, CoinTelegraph spoke to Christopher David, Arcade City’s founder,....