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Cadalabs NFT Marketplace Begins Token Distribution, launch Second Phase Token Sale

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The Cadalabs team wish to say a huge thank you to everyone who supported or invested with us, from the first phase of our presale, congratulations for trusting and holding onto us, we also still solicit for your full support as we move into the second phase of our presale.

Finally, we also wish to state that we have commenced the distribution of CALA Tokens to the participants of the first Phase CALA Tokens pre sale.

CALA Tokens second Phase Pre Sale Procedure

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Cadalabs will be having a total of 10 million CALA tokens available for sale at this phase at a very affordable 0.25 ADA per token rate. The minimum token you can purchase is 300 ADA and maximum token that can be purchased is 15000 ADA. This is to allow everyone to actively participate in Cadalabs token at this Pre Sale phase before it gets on Exchanges after the pre sale .In addition to this, there will be extra bonus reward for tokens bought at each stage. the Pre-Sale second phase has a bonus of 5% for three days starting from Nov 1 to Nov 3.

Cadalabs is also set to launch its Cadalabs NFT Marketplace by the end of the pre sale exercise to show the community a working business plan. 

About Cadalabs

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CADALABS is a community-driven NFT DeFi platform building a NFT Minting Dapp on the Cardano Network to enable digital artwork collectors mint their works as NFTs and connect them to sellers to trade seamlessly in the future. CADALAB team developed its utility token dubbed $CALA Token, which enables the community to take part in governance issues. Besides, by holding the CALA token, users can moderate creators, vote on proposals, stake their tokens to earn and curate featured artwork. CADALAB protocol seeks to further venture into the non-fungible token industry and in the process help digital content creators, artists and art collectors meet on a digital platform.

CADALABS TOKEN (CALA) UTILITY 

* Tokens will exist in staked and unstaked forms. Staked tokens will provide users with platform functionality.

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* Power a Democratized Autonomous Platform (DAP), enabling users to participate in organizational decisions and shape product roadmap.

* Allow holders to purchase physical and virtual goods, content, and services in a decentralized marketplace.

* Reward digital content creators who generate quantifiable value, determined with the consensus of the community.

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* Share ad revenue with users who opt-in to see advertisements. By staking more tokens, users can earn a larger portion of the revenue they generate. 

Payment For Profile Verification:

How To Participate In the Second Phase CALA Token Sale

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CALA Token Second phase pre sale is ongoing for interested investors and members of the public to purchase and become early Adopters

Social Media:

Twitter: https://twitter.com/Cadalabprotocol

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Telegram Group: https://t.me/cadalabscommunity

Telegram Channel: https://t.me/cadalabsnews

Medium: https://cadalabs.medium.com (https://cadalabs.medium.com/)/

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NFT

NFT Euphoria Remains Male-Dominated: Bloomberg

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A new study reveals how underrepresented female digital artists are amidst digital collectibles craze

One of the most overhyped attempts to bring equality into the digital collectibles segment ended in a dramatic scandal. Here’s why it is crucial for the future of the NFT segment.

Men are responsible for at least 79% of all NFT art sales

According to the Art Tactic NFT Art Market Report 2021 shared by Bloomberg Equality, women are behind only 1 out of 20 NFT sales in the ongoing digital collectibles craze.

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Fame Lady Squad, a label of NFT creators that promotes itself as a first-ever female digital art collective, was actually run by men. Despite this fact, the legend allowed it to raise $1.5 million from VCs and angel investors.

After an uproar, the fraudsters agreed to transfer all governance in the project to a group of women. But the fact is: the entire NFT segment remains male-dominated.

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The mentioned report also indicated that in 16% of cases, the gender of the creator remained unknown. Another aspect of the weak position of female digital artists is that they earn less than men.

“In another five years, it will get better”

Grimes, the musician, remains the only artist in the top 10 of NFT sellers by revenue. Bloomberg calculated that the net amount of secondary NFT sales amassed $3.5 billion in the first nine months of 2021.

This inequality in digital art has been inherited from its “classic” form: 87% of artists showcased in the top museums are men.

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Kelly LeValley Hunt, one of the first female CEOs in the NFT segment, shared that often she is the only female speaker at conferences about digital arts and tokenization. At one conference, male attendees asked her if she knew what NFT was:

I still get asked silly questions. Hopefully in another five years, it will get a bit better.

As covered by U.Today previously, socialite and businesswoman Paris Hilton is one of the most active promoters in the NFT segment.

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Ethereum

Ethereum (ETH) Receives First NFT from Cosmos-Based Blockchain: Details

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In an unmatched experiment, non-fungible tokens were activated on four blockchains before landing on Ethereum’s OpenSea.

IRISnet has facilitated the transfer of a non-fungible token from permissioned distributed network WenChang Chain that was built using the Cosmos software development kit on Ethereum’s largest NFT marketplace.

NFT bridge is established between Cosmos-based WenChang Chain and Ethereum

According to the official announcement shared in Cosmos’ main blog, its software development kit was utilized for the first-ever NFT travel between four blockchain networks.

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Transferred tokens were minted as digital avatars to fine art Chinese paintings. They represent famous traditional Chinese artwork by Rongbaozhai (Studio of Glorious Treasures), well-known since the 17th century.

First, the NFTs were minted at WenChang Chain, one of the decentralized platforms that belong to BSN Open Permissioned Blockchains, an ecosystem of hybrid distributed networks. The tokens were registered through IP.PUB, which is a Digital Artwork Registration Platform supported by China Promoting Minority Culture & Art Association.

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Then, the tokens were sent to IRITA Hub and IRIS Hub, two networks operated by IRISNet, Cosmos-based cross-platform interoperability protocol.

Why is this transfer crucial for IBC instruments?

The transfer became possible thanks to the Terse Inter-Blockchain Communication protocol (TIBC). IRIS Hub seamlessly connects TIBC to Ethereum.

Right now, all NFTs from the experiment are available for sale on OpenSea, the largest Ethereum-based marketplace for non-fungible tokens.

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This experiment is unique due to various features. First of all, it demonstrates Cosmos’ role in connecting permissioned and permissionless blockchains, e.g., Ethereum and BSN. Then, it shows that Chinese state-backed bodies are still interested in blockchain usage despite a severe crack-down on crypto.

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NFT

NFT and Crypto Communities Facing Malware Campaign on Discord

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Threat actors are targeting crypto and NFT Discord communities

A malware campaign that specifically focuses on cryptocurrency- and NFT-related Discord communities has been uncovered, according to a report by Bleeping Computer.

Malicious actors are abusing the popular chart service with the help of a crypter called Babadeda, which means “Grandma-Grandpa” in the Russian language.

Cybersecurity firm Morphisec was the first to discover the new malware distribution campaign earlier this week.

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Criminals typically attempt to cajole users into downloading fake software, copying popular blockchain games such as “Mines of Dalarna.”

Mines of Dalarnia
Image by blog.morphisec.co

Based on an HTML object of one of the decoy sites, Morphisec determined that the malware campaign is operated by people from a Russian-speaking country.

Threat actors are impersonating the websites of some of the most prominent companies within the NFT industry, including OpenSea and Larva Labs.

Those who started installing the malware typically see a fake error, which is used as a deception technique, while the installer does its job in the background.

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Cybercriminals are likely to go after victims’ crypto wallets and NFTs.

Discord’s malware problem

It is not surprising that Discord has become the target of threat actors since it has become home to plenty of cryptocurrency users where they can communicate via publicly accessible channels or private messages.

It is not just crypto: Sophos revealed that Discord accounted for 4% of all malware downloads as of July.

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Earlier this month, Discord shelved its plan to integrate the Ethereum network after facing severe backlash from the anti-crypto segment of its customer base.

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