The Critical Difference Between Bank and Web3 Security
The Critical Difference Between Bank and Web3 Security
🔑 When Password Reset Fails
A stark contrast exists in account recovery between traditional banking and Web3:
- Traditional Banks: Offer straightforward password reset options
- Decentralized Wallets: No recovery without seed phrase/private key
This highlights a fundamental principle of Web3: true ownership means sole responsibility. While offering greater financial autonomy, it requires meticulous attention to security basics:
- Always backup seed phrases
- Store private keys securely
- Never share recovery information
Remember: In Web3, there's no help desk for lost keys.
Bank👨💼: “Forgot password? Click here to reset.” Decentralized Wallet🔐: “Forgot seed phrase or private key? Good luck, bro.” #Web3Life #CryptoReality #NaboxWallet
NULS to NAI Upgrade Development Complete
**Key Updates from Nabox Weekly 195:** - NULS to NAI upgrade development completed for iOS & Android v3.2.3 and Extension v1.2.24 - Payment ID integration for SpaceID Protocol now live - 120M NABOX token giveaway campaign launched - SwapBox L2Farm offering 48% APR on NVT-REI LP staking - New tokens WCT and KERNEL listed on SwapBox Updates will be released to mainnet this week across all platforms.
15 Web3 Projects Secure Funding in Early April
The latest crypto funding round (Apr 7-11) saw investments in diverse Web3 projects: - **Infrastructure**: Towns Protocol, OpenZk Network - **Gaming**: Gunzilla Games, Plastic Labs - **AI & DeFi**: DecentralGPT, Wunder Social - **Security**: Octane Security - **Financial Tools**: Lyzi App, Cap Money Notable projects include Bugscoin for blockchain solutions and Plume Network for decentralized infrastructure. Blackbird XYZ and SatsTerminal also secured funding for their respective platforms. This continues the strong funding trend seen in March, indicating sustained investor confidence in Web3 innovation.
WalletConnect Token (WCT) Now Available on SwapBox and Tokenlon
WalletConnect's native token $WCT expands its trading availability across DeFi platforms: - Now listed on **SwapBox**, enabling cross-chain exchanges and DEX aggregation - Available for trading on **Tokenlon** via imToken wallet's Market tab on Optimism network - Users can access optimized exchange paths and competitive rates across multiple DEXs SwapBox integration offers streamlined asset exchange with intelligent routing for best execution. [Try SwapBox](https://swapbox.io/?fromChain=Optimism&from=0xEeeeeEeeeEeEeeEeEeEeeEEEeeeeEeeeeeeeEEeE&toChain=Optimism&to=0xef4461891dfb3ac8572ccf7c794664a8dd927945)
BitsFlea dApp Launches on Nabox Wallet
BitsFlea, a new flea market and e-commerce platform, has launched on the NULS blockchain and is now available through Nabox Wallet. The platform joins recent NULS ecosystem additions including: - naiNFT: An NFT liquidity protocol with AI integration - TagAI: A community-driven AI agent launchpad BitsFlea aims to create a decentralized marketplace experience, combining traditional e-commerce with blockchain technology. Users can access the platform at [BitsFlea](https://app.bitsflea.com). *This launch continues NULS' expansion into AI-enhanced dApps and decentralized commerce.*