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Produced by Daniel Aharonoff & Mogul Media AI

Wormhole's W Token Faces Dramatic Price Drop

The Rise and Fall of Wormhole's W Token: A Cautionary Tale In the ever-evolving world of decentralized finance (DeFi), the rise and fall of new tokens often serve as both a beacon of opportunity and a warning sign. The recent debut of Wormhole's native governance token, W, encapsulates this duality perfectly. Just a week after an exhilarating launch, the token has experienced a staggering 50% drop in value, plunging from an initial price of \(1.66 to a mere \) 0.82. This dramatic shift raises important questions about market volatility, investor sentiment, and the sustainability of newly minted cryptocurrencies. Context of the Airdrop Launch Date: Early last month, Wormhole announced its airdrop, generating significant buzz within DeFi circles. Eligibility: Over 400,000 unique wallets were eligible, spanning prominent blockchains such as Ethereum, Solana, Avalanche, and Sui. Claiming Process: In the first minutes of the airdrop, over 37,000 wallets claimed the token...
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Produced by Daniel Aharonoff & Mogul Media AI

FORKED: The Must-Attend Web3 Conference in Hong Kong

FORKED: A New Era for Web3 Founders in Hong Kong

On May 8 and 9, 2024, Hong Kong will become the epicenter of innovation in the Web3 space as FORKED, the latest initiative by Addy Creeze, takes center stage. This conference is not just another event; it embodies the resilience and ingenuity of founders navigating the complex landscape of blockchain technology. Inspired by Ethereum's significant hard fork in 2016, FORKED symbolizes a fresh start and serves as a crucial gathering for the brightest minds in the industry.

A Gathering of Visionaries

FORKED is designed to assist top founders at a pivotal stage of their growth. The event promises a rich program aimed at fostering collaboration and innovation among attendees. Key features include:

  • Product Launches: Founders will showcase their latest projects, providing insights into cutting-edge developments in the Web3 sector.
  • Hackathons: A 48-hour multichain hackathon at Cyberport will challenge developers to create innovative solutions.
  • Funding Opportunities: A pitch competition with bounties up to $50,000 will incentivize budding entrepreneurs to present their ideas.
  • Networking: Attendees will have the chance to connect with industry leaders, venture capitalists, and other pioneering entrepreneurs.

Strategic Collaborations

FORKED marks a new chapter with Highstreet as co-host and strategic partnerships with ARC Community, AngelHack, Coinhako, and QCP. Each partner brings unique strengths to the table:

  • Highstreet: A groundbreaking metaverse blending shopping and gaming, offering a novel platform for brands and users alike.
  • ARC Community: Focused on pooling resources and networks in Web3, fostering collective value creation.
  • AngelHack: A leader in developer relations, boasting a global community that facilitates innovative tech solutions.
  • Coinhako: A trusted crypto exchange in Singapore, now expanding its reach into the institutional market with robust regulatory backing.
  • QCP: A digital asset trading firm that enhances market access and efficiency for institutional investors.

Media Support and Coverage

The event will benefit from the collaboration between Rug Radio and Decrypt, two prominent voices in decentralized media. Their coverage will not only enhance the event experience but also provide deep insights into the discussions and outcomes of the conference.

  • Rug Radio: A pioneer in decentralized media, fostering vibrant communities and supporting numerous projects.
  • Decrypt: Merging culture and technology, it stands at the forefront of information dissemination in the Web3 space.

Anticipated Attendance

With an expectation of up to 1,000 handpicked attendees, FORKED will bring together founders, VCs, executives, influencers, developers, and media professionals. Admission is exclusive, and attendees will gain invaluable insights from the discussions and networking opportunities.

FORKED is set to redefine what it means to be a part of the Web3 community, creating a vibrant space where innovation thrives and connections flourish. It is an event that no one involved in the blockchain industry should miss.

For those eager to be part of this groundbreaking experience, I encourage you to explore what FORKED has to offer.

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