SocialFi's struggle to succeed stems from technical hurdles, user experience barriers, and fragmentation. It needs purpose-built infrastructure, seamless user experiences, and innovative social networking models. Opinion by: Anurag Arjun, co-founder of Avail On paper, SocialFi is a no-brainer. It promises to shift the balance of power in social media — giving people control over how their content and personal data are used and monetized. It even offers users a stake in the $200+ billion social media advertising market, a pie currently devoured almost entirely by giants like Meta. And yet, SocialFi platforms today feel more like digital ghost towns than the bustling hubs of Web2. Friend.tech, hailed as a breakout star in 2023, peaked at just 80,000 daily active users before falling below 10,000. What's holding SocialFi back? Why does it seem to be following Friend.tech's fade into obscurity rather than rising to rival Facebook's dominance? Read more
With two judges dissenting, the Supreme Court’s Constitutional Bench (CB) on Wednesday gave its go-ahead for civilians involved in the May 9, 2023 riots to be tried in military courts. The case pertains to the military trials and the subsequent sentencing of civilians for their role in attacks on army installations during the riots that followed ex-premier Imran Khan’s arrest on May 9, 2023. The 5-2 ruling came as the CB accepted a set of 38 intra-court appeals (ICAs) moved by the federal and provincial governments as well as Shuhada Forum Balochistan, among others, against the widely-praised October 2023 ruling that declared that trying the accused civilians in military courts violated the Constitution. Highlights: SC restores three provisions of Army Act struck down earlier Bench orders legislation within 45 days to ensure civilians’ right to appeal Minority ruling declares military court sentences as ‘without jurisdiction’, against Constitution Lawyers, PTI slam ruling, voice concern over fair trial The b...
Security should be transparent, auditable, and accessible to everyone building in this space, a Safeheron spokesperson told Cointelegraph. Safeheron, a digital asset infrastructure provider based in Singapore, has introduced an open-source Trusted Execution Environment (TEE) framework. This solution could bolster security and privacy for Web3 in sectors like decentralized finance (DeFi), payment services, and decentralized autonomous organizations. The TEE framework is the first built upon the native Intel SGX SDK and developed using modern C++, a general-purpose object-oriented programming language often used for operating systems, game development, and high-powered computing. Safeheron decided to open-source the framework because the company had seen growing concerns across the industry about closed, opaque systems, especially as security incidents have become more widespread. Read more