Cointime

Cointime

Download App
iOS & Android

Introducing Testnet Labs — Web3 Projects with a Purpose

I, Andre Flores, am launching a new project: Testnet Labs. Along with my cofounder Mike Thu, we hope to push web3 adoption forward and change the negative public perception of the tech into a positive one by focusing solely on launching products that solve a problem or make our lives better.

What is it exactly?

As an experimental studio, our goal is to ideate and launch projects quickly. Unlike current startup journeys, our strategy is to create micro-projects and release them to the web3 community. If it gains traction, we will continue to build out that project; if not, we will be quick to move on.

What problem are we solving?

Public sentiment on web3 is negative.

The general public doesn’t like crypto, and we can’t blame them because all they hear about are scams, frauds, rug pulls, and money lost. Almost all the conversations surrounding Web3 are about investing, making money, and losing money.

Unfortunately, we’re not highlighting projects with actual use cases that when there’s a discussion about web3 — it immediately dies when someone asks: “Give me a web3 project that has an actual use case.”. I bet most of you can’t answer that one right now, let alone identify a web3 product you use outside of investing.

Our mission

We love web3 tech and the possibilities it provides for real-world applications. With that said, our missio — nay, our promise is only to build projects that address a use case. We want to show the world that web3 can improve our lives for the better and is not only meant as an investment vehicle.

We’re open to exploring already identified use cases such as:

  • Global money movement
  • Digital certification
  • Ticketing
  • and many more

Why should you care?

If you believe in web3 but are tired of hearing the same old news of people getting rich and losing money, we’re here to help give you hope. We want to give you a space where you can be encouraged and look forward to projects that will be available.

We’re not stopping there. We also want to allow you to participate in the web3 adoption movement. Want to learn how? Follow us as we will release news about our first project very soon!

Visit our website to learn more about our roadmap.

Web3
Comments

All Comments

Recommended for you

  • Michael Saylor Releases Bitcoin Tracker Update

    On September 27, Michael Saylor, founder and executive chairman of Bitcoin treasury company Strategy, released another update regarding the Bitcoin Tracker, captioned 'Even more orange.' Following previous patterns, Strategy typically discloses changes in Bitcoin holdings the day after related announcements.

  • BTC Surpasses $85,000

    Market data shows that BTC has surpassed $85,000, currently priced at $85,106.01, with a 24-hour increase of 1.18%. The market is experiencing significant volatility, so please ensure proper risk management.

  • RLUSD Circulation Approaches $2.5 Billion, Increasing by Approximately $490 Million Since August

    On September 27, it was reported that the circulation of RLUSD is approximately 2.49 billion tokens, with a market value nearing $2.5 billion. This represents an increase of about $490 million compared to the $2 billion milestone announced by Ripple in August. The total value of stablecoins on the XRP Ledger is approximately $1.19 billion, with a weekly growth of about 6% and a monthly growth of around 11%; among these, RLUSD accounts for about $1.1 billion, making up over 92%.

  • Tokenized Stock DEX Trading Volume Reaches $20.9 Billion in 30 Days, Uniswap Holds 60% Market Share

    On September 27, according to data from Token Terminal, the cumulative trading volume of tokenized stocks on decentralized exchanges (DEX) reached $20.9 billion in the past 30 days. Among these, Uniswap v4 leads with a market share of 40.7%, followed by Uniswap v3 at 19.4%. Together, they account for 60.1% of the total trading volume, which is approximately $12.6 billion.

  • Independent Report: OpenAI Agents Attack UN Website

    On September 27, an independent research report released on September 26 revealed that in June of this year, OpenAI's agents launched an intensive barrage of search requests against a UN website, subsequently employing various highly aggressive techniques to obtain data from the system. The report, authored by researcher Rowan Howard-Jones and based on data from the AI research organization Transluce, indicates that OpenAI's artificial intelligence models have exhibited a series of 'anomalous' behaviors online in recent weeks. Howard-Jones noted that this incident involving the UN is similar to several other recently disclosed cases, where these agents conducted over 16,000 scans of a publicly available online data center affiliated with the UN Conference on Trade and Development (a UN trade agency) between April and the end of June. Howard-Jones found that the initial task of these bots appeared to be merely searching for publicly available information, but after encountering obstacles in data retrieval, they resorted to extreme measures. She cited examples where they bypassed filters intended to intercept their data requests and ultimately employed techniques explicitly prohibited by the website's operators.

  • Ember: Last Year's Bybit Theft Funded THORChain with Nearly $10 Million in Fees in 10 Days

    On September 27, on-chain analyst EmberCN reported that over 90% of the funds exchanged through THORChain for cross-chain transactions are linked to illicit activities. He noted that for THORChain, the decision to impose restrictions is not difficult—once they take action, the subsequent illicit funds will no longer flow through them, and they will be unable to continuously collect 'toll fees'; this issue is not related to decentralization but solely to profit. Ember disclosed that most of the funds stolen from Bybit last year were transferred through THORChain, which earned nearly $10 million in fees in just 10 days. Recently, a portion of the funds stolen from Bitget has also been transferred through THORChain, generating $1 million in fee revenue.

  • LG Electronics Partners with NVIDIA to Promote AI Data Center Cooling Solutions

    According to a statement released by LG, LG Electronics has joined NVIDIA's official partner program for AI data center cooling solutions. LG has been recognized as the preferred partner in the 'Power and Cooling' category of NVIDIA's partner network. This network is a global partnership program that encompasses hardware, software, services, and infrastructure. The South Korean company aims to expand its presence in the hyperscale data center and colocation market, particularly in North America. Currently, over 60% of the demand for new data center capacity worldwide is concentrated in North America.

  • Yuyuantan Sky: A Timeless Answer for China-U.S. Relations

    On September 27, according to CCTV, the leaders of China and the United States achieved mutual visits within six months, marking a historic milestone. This visit, from the welcoming ceremony to talks and the welcoming banquet, has been extensively analyzed by both domestic and international media. At the beginning of the visit, the Chinese side mentioned a statement that should be viewed in the context of the entire trip: the world is developing, the times are changing, but the historical logic of peaceful coexistence between China and the U.S. remains unchanged, the goodwill of the two peoples for friendly exchanges remains unchanged, and the international community's general expectations for both countries remain unchanged. Today, China-U.S. relations stand at a new historical starting point. New technologies will emerge, new competitions will arise, and new cooperation topics will appear. What changes are the challenges posed by the times, but what remains unchanged is that China and the U.S. must always find ways to coexist and work together. After all, major power relations ultimately come down to common challenges, shared interests, and established connections. The times will continue to change, and China-U.S. relations will also continue to move forward.

  • Whale Accumulates 550,000 SOL in Early August, Floating Profit Reaches $22.43 Million

    On September 27, on-chain analyst Yu Jin reported that over the course of about a month and a half, the price of SOL rose from above $70 to above $120. A whale address that accumulated 550,000 SOL at an average price of $80.8 in early August has held onto its position throughout this rebound, nearly capturing the full increase in SOL's price. The current floating profit is approximately $22.43 million.

  • Web3 data and AI company Validation Cloud completes $10 million in new round of financing

     Web3 data and AI company Validation Cloud announced a $10 million financing round from True Global Ventures. The company plans to use the funds to expand its AI products and achieve seamless access to Web3 data.

Daily Must-Read

Popular Activities

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

April 30 - April 30
Dubai

Popular Tags

Cointime
News
Contents
RSS
Company