Decentralized, privacy-focused search engine Presearch has announced a partnership agreement with NFT marketplace OpenSea to foster the growth of the Web 3.0 ecosystem.
Presearch wants to contribute to the growth of the Web 3.0 ecosystem.
As is known, the Presearch network is powered by its community, which is rewarded with Ethereum-based PRE tokens to improve the effectiveness of the network. According to the analysis detailed in the company's statement, the platform collects 2.7 million user records in addition to facilitating 3.5 million daily search requests.
Continuing its rise in early October, OpenSea continues to break records with an average of 100,000 users and a weekly trading volume of 80 million to 100 million dollars. The platform is looking to partner with a number of other popular NFT marketplaces in the near future.
Presearch Competes With Google
In September, Presearch became the first cryptocurrency-focused search engine to be integrated into the default list of new and factory reset Android devices in Europe and the UK managed by Google. Google, which dominates the market, started to lose its effectiveness a little bit with the proliferation of competitors.
In order to prevent this, Google continues its efforts to increase its effectiveness with various organizations. But among those studies, in 2018 Google was found guilty of violating fair competition laws by the European Union's antitrust authority for not making a fair position of its search engine monopoly on Android devices. The consequences of these findings resulted in a record fine of 4.24 billion euros.
The platform's native token PRE rose over 1,000% in mid-September and October from around $0.04 to an all-time high of $0.44. Positive fundamental news such as the Android announcement contributed in part to this significant increase in asset value.
Wanting to increase its effectiveness in the cryptocurrency market, founder Colin Pape made the following statement about the importance of platforms and companies working with decentralized structures:
“It is important to preserve these qualities and these values. By connecting decentralized platforms and communities to NFTs, we will ensure that this incredible technology is not shared by Big Tech for their own gain.”
Thieves Stole Bitcoin ATM!
As activities towards cryptocurrencies increase worldwide, there is a proportional increase in crimes related to them.
Crimes against cryptocurrencies are on the rise.
While the rapid increase in the number of Bitcoin ATMs continues, it was stated that a Bitcoin ATM was stolen in Spain.
The incident, which took place in Barcelona, took place on 12 November at around 03:00. It was stated that the ATM, located at the exit of an exchange belonging to the Grayscale Bitcoin Trust, was stolen by 6 robbers.
While the police did not make a statement about the investigation, it was not disclosed how much cash was inside the ATM.
There are currently 158 Bitcoin ATMs in Spain. In Turkey, this number is known to be 9.
Bitcoin ATMs are becoming increasingly popular as they allow users to purchase cryptocurrencies in exchange for cash. It is evaluated that ATMs, which are becoming increasingly common in gas stations and markets in the USA, can play a major role in the adoption and spread of cryptocurrencies.
It has been criticized for not meeting KYC and AML requirements, as users can make certain amounts of transfers through these ATMs using only a mobile phone number.
Coinbase CEO Makes Statement About NFTs!
Brian Armstrong, CEO of Coinbase, which is preparing to launch its own NFT platform soon, made a statement about NFTs.
Brian Armstrong: “NFTs may be more popular than cryptocurrencies in the future.”
The company, which released its third quarter financial report last Tuesday (November 9, 2021), reported revenue of $1.2 billion. As you know, the firm was publicly listed on the Nasdaq.
With the Coinbase NFT platform, it plans to move its stock market operations to a different point.
Coinbase CEO made the following statements on the subject:
NFTs get us excited. The NFT sector will spread to a wide area like cryptocurrencies in the future. Perhaps NFTs will become even more popular than the cryptocurrency industry.