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Trading Titan Robinhood

 

Trading Titan Robinhood RollsOut Crypto 

Wallet Beta Program

Robinhood says that by March, the number will be increased to 10,000 before the wallets are eventually distributed to every person on the waiting list.

Participants will be responsible for testing out the core features of the wallet, including potential updates as well as its safety features. The beta version of the wallet will allow users to send and receive crypto assets from Robinhood to external crypto wallets, connecting holders of digital assets on the popular trading app to blockchain projects for the first time ever.

“Beta testers will help us test core functionality and provide critical feedback to inform the final version of the product…

Connecting millions of Robinhood customers to the blockchain ecosystem in a safe, accessible setting is a massive undertaking. We take this responsibility seriously, which is why we’re rolling out wallets methodically.”

Beta testers will have a daily limit of $2,999 in total withdrawals and will be limited to just 10 transactions per day.

Robinhood first announced the crypto wallets projects last September. Currently, the trading giant supports trading for seven digital assets: Bitcoin (BTC), Bitcoin Cash (BCH), Bitcoin SV (BSV), Dogecoin (DOGE), Ethereum (ETH), Ethereum Classic (ETC), and Litecoin (LTC).

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The Global Leads

 

Tiger Global Leads $50m Round for Web3 Protocol

The foundation behind The Graph protocol has raised $50 million in a round led by Tiger Global. 

The funds will be deployed over the next two years to onboard the next wave of users, contributors and developers, The Graph Foundation said Friday. 

Eva Beylin, director of The Graph Foundation, said in an email to Blockworks that the foundation plans to bring on five more core developers to continue what the group calls its “decentralized M&A strategy.”  

“The $50M raise gives The Graph Foundation the resources needed to attract core developers to help build out the next components on The Graph’s roadmap, which focuses on solving key centralization, security, and scalability challenges in Web3,” Beylin said. 

The foundation previously disbursed $250 million to network developers. 

The raise included investors from FinTech Collective, Fenbushi Capital, Reciprocal Ventures, and Blockwall Digital Assets Fund. Last month, The Graph Foundation gave Semiotic AI a $60 million grant to develop on its ecosystem. 

The Graph aims to do for Web3 and blockchains — it supports 26 protocols — what Google does for the internet: index reams of data in a searchable way. 

Supported blockchains include Ethereum, NEAR, Arbitrium, Optimism, Polygon, Avalanche, Celo and Fantom. To date, over 25,000 developers have built subgraphs for applications like Uniswap, Synthetic, Livepeer and Decentraland.

At its core, The Graph is an index later for the blockchain that is divided into subgraphs, or open APIs built upon the programming language GraphQL. The subgraphs, in turn, fetch blockchain data through a decentralized network. The end results favors decentralized applications that don’t rely on single servers that are prone to failure. 

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