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Nova Wallet Partners with Mercuryo to Launch First Polkadot Mastercard Debit Card

Nova Wallet Partners with Mercuryo to Launch First Polkadot Mastercard Debit Card

June 3, 2025 - Berlin, Germany - Nova Wallet has collaborated with Mercuryo, Quicko, and Mastercard to launch the first debit card for the Polkadot ecosystem. It was designed to give customers the ability to pay with their crypto assets for everyday purchases. With the Nova x Mercuryo Mastercard Debit Card, users can top up their cards using Polkadot (DOT) tokens, providing a unique way of spending for everyday purchases using DOT tokens that are converted into fiat.
Key Features of the Polkadot Debit Card
Spending Limits
For the sake of responsible spending, the debit card has the following limits applied:
In partnership with Mastercard and Mercuryo , Nova is committed to providing a secure and efficient payment solution that meets the needs of modern users. This is a huge milestone for the Polkadot ecosystem, and adds a brand new way for everyone to interact with their DOT tokens. The debit card is issued by Quicko, ensuring a secure and reliable experience. This collaboration marks a significant step forward in increasing Polkadot's adoption worldwide.
For more information about the Nova x Mercuryo debit card and how it can enhance your financial experience, please visit novawallet.io .
Media Contact: Lina Lonskaya, Marketing Manager Nova Wallet - [email protected]
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About Novasama Technologies
Behind the integration of the Nova x Mercuryo debit card is Novasama Technologies , a Singapore-based company established in 2022. Novasama specializes in building high-quality, community-oriented applications for the Polkadot and Kusama ecosystems. With a focus on innovative financial solutions, Novasama is dedicated to enhancing user experiences in the digital finance landscape. The company's commitment to developing cutting-edge applications positions it as a leader in Web3 technology.
About Polkadot
Polkadot is the powerful, secure core of Web3, providing a shared foundation that unites some of the world's most transformative apps and blockchains. Polkadot offers advanced modular architecture that allows devs to easily design and build their own specialized blockchain projects, pooled security that ensures the same high standard for secure block production across all connected chains and apps connected to it, and robust governance that ensures a transparent system where everyone has say in shaping the blockchain ecosystem for growth and sustainability. With Polkadot, users are not just participants, they're co-creators with the power to shape its future.

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Why The Next Internet Isn't Web3—It's Interchain
Why The Next Internet Isn't Web3—It's Interchain

Forbes

time18 hours ago

  • Forbes

Why The Next Internet Isn't Web3—It's Interchain

Wesley is the CEO of FPBlock , helping clients with the latest techniques in functional programming, cloud, DevOps and containerization. getty The early internet wasn't built in neat layers. It was chaotic and fragmented with competing protocols, no clear standards and certainly no centralized gatekeeper. But from that chaos emerged a global network—not by unification but through interoperability. Web3 is following a similar arc. We're witnessing the birth of a new digital terrain—one not owned or ruled by a single entity but composed of many sovereign networks working in parallel. Not one chain to rule them all, but many chains, cooperating across boundaries. Welcome to the Interchain. For years, Web3 debates revolved around dominance. Which chain will win? Will it be Ethereum with its first-mover advantage? Solana with its speed? Bitcoin with its simplicity? But these questions assume a flawed premise—that the blockchain world must mirror the Web2 model: one platform to rule them all, everything else a plug-in. That's not what's happening. Blockchains are emerging as digital nations, not Web2-style platforms. They have unique cultures, governance structures and economies. Ethereum, Solana, Celestia, Bitcoin—each has its own purpose, priorities and strengths. Like nations, their power lies in their sovereignty. Interchain is not about centralizing power—it's about collaborating across it. Sovereign, Composable And Specialized Established networks and emerging modular blockchains are pioneering this vision. They're not trying to consolidate chains. Instead, they're making them interoperable by making them: • Sovereign: Each chain operates under its own rules, governance and upgrade schedule. • Composable: Chains can exchange assets and messages freely via standards like Inter-Blockchain Communication (IBC) or trust-minimized bridges. • Specialized: Chains are optimized for what they do best—whether that's decentralized finance (DeFi), gaming, identity or AI. This is the Interchain philosophy: Build small, build sovereign and connect everything. Understanding The Kolme Framework For The Interchain Era The Kolme Framework is a modular blockchain infrastructure that enables developers to build application-specific chains with native cross-chain communication. Designed for the Interchain era, Kolme simplifies interoperability, abstracts the complexities of multichain development and accelerates time-to-market without compromising sovereignty or security. This framework introduces structured interoperability to a diverse blockchain ecosystem. Rather than enforcing uniformity, it standardizes communication while allowing each chain to maintain its independence. This approach strengthens the Interchain in four key ways: • Seamless Cross-Chain Experiences: Asset and data transfers are not only technically smooth—they're intuitive for users as well. • Scalability Through Modular Architecture: By distributing processing across sovereign chains, Kolme reduces bottlenecks and enhances performance. • Security-First Interoperability: Robust standards reduce vulnerabilities common in early bridge technologies and improvised integrations. • Support For Modular Blockchain Design: Chains can remain specialized and agile, while Kolme ensures they stay connected and collaborative. Kolme isn't just building tools—it's laying the digital highways between decentralized cities. The outcome: a thriving digital economy marked by fluid movement, shared innovation and resilient infrastructure. The Impact Of Interchain While monolithic blockchains concentrate power and risk, Interchain helps disperse both. The benefits are: • Resilience: There is no single point of failure. If one chain halts, the others continue. • Innovation: Sovereign chains evolve independently, pioneering and sharing breakthroughs. • Freedom: Builders and users can move between ecosystems—or create entirely new ones—with fewer barriers. Where Web2 stacked vertical layers, Interchain is horizontal—a flat, open space where ideas travel, chains specialize and users roam. What This Means For You Whether you're a founder, investor or everyday user, the rise of the Interchain is reshaping core assumptions. For founders, it's no longer about building for a single chain—it's about building for a network. 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Symbiotic Releases Cross-Chain Staking As SEC Clarifies Staking
Symbiotic Releases Cross-Chain Staking As SEC Clarifies Staking

Forbes

time19 hours ago

  • Forbes

Symbiotic Releases Cross-Chain Staking As SEC Clarifies Staking

Connection of different chains with a link On May 29, the U.S. Securities and Exchange Commission (SEC) issued a statement that clarified protocol staking on DeFi proof-of-stake networks does not in itself constitute a securities offering. For those building and providing DeFi infrastructure that deploys staking, it is a long-awaited regulatory green light. The timing could not be better for Symbiotic, the re-staking protocol on the move, who announced 'Relay' a new universal staking protocol, earlier this week. Relay is designed to enable staking on one blockchain protocol and verify decisions across many. Relay is pitched as a 'crypto-economic' coordination layer for the modular multichain future of Web3. Symbiotic, recently completed a $29 million Series A round backed by Pantera, Coinbase Ventures, Paradigm, and hundreds of angel investors. The round helps to take on rival market leader EigenLayer, and to further fund the development of Relay. 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Symbiotic Relay represents a broader trend being witnessed in the DeFi landscape - the push toward a more modular and interoperable infrastructure in Web3. According to Electric Capital's 2024 Developer Report, 34% of active crypto developers now work across multiple blockchains, a significant jump from just 10% in 2015. The tooling needs to catch up. Whether Symbiotic Relay becomes a standard, or even 'the' standard remains to be seen in this very hotly contended competitive space. One thing is for sure, a week is a long time in DeFi. Symbiotic's timing couldn't be better with this week's Relay announcement on the back of last week's SEC staking clarification. For DeFi developers building the next wave of multichain apps, it might just be the interoperable plug-in they didn't know they were waiting for. For seasoned stakers, it is a killer app. Timing is everything.

If You Invested $1,000 in Target 1 Year Ago, You'd Have $642 Now
If You Invested $1,000 in Target 1 Year Ago, You'd Have $642 Now

Yahoo

time21 hours ago

  • Yahoo

If You Invested $1,000 in Target 1 Year Ago, You'd Have $642 Now

Target is a massive retailer with a huge following — at least until recently. Target has seen some ups and downs lately due to their Diversity, Equity, and Inclusion (DEI) changes. This has led to a massive public backlash and Target stock prices have been falling as well. Investors have held out hope that the once-popular retailer can become more profitable, but this has not been the case. In fact, Target stock has been falling for years before their recent negative publicity. If you've been a short-term or long-term Target investor, you probably feel a bit disappointed right now. Let's break down Target's stock price history and how much your investment would be worth if you bought Target stock (TGT) 1, 5 or 10 years ago. Target has been a publicly-traded company since 1969. The price of Target stock didn't fare well during the early years, but began to grow through the early 1980s (until Black Monday). Target stock really took off during the Dot-Com Bubble in the late 90s, but because it had a solid brick-and-mortar presence when the market crashed in 2000 to 2001, it fared a bit better than purely online companies. Steady growth through the 2000s was massively interrupted by the Great Recession in 2008. While Target stayed afloat, the stock price traded sideways for over a decade after that. Fast-forward to 2020 and when the pandemic (and lockdowns) set in, Target became one of the only essential retail stores still open. Investors flocked to the stock as it became apparent that toilet paper and hand sanitizer were worth their weight in gold — and Target stocked both. The price quickly shot up, going from around $91 per share, to over $260 per share in a matter of months. Things began to unravel quickly for TGT investors, as lockdowns were eased and the world opened up. Target stock dropped like a rock and even with a few positive months mixed in — has continued a steady decline into 2025. Today, Target stock is only worth around $94 — a fraction of the $260 per share it was trading for just a few years ago, according to Per Target's corporate website, here's the historical price of Target stock today, a year ago, 5 years ago and 10 years ago: Today: $94.87 1 year ago: $147.74 5 years ago: $122.33 10 years ago: $79.32 If you invested $1,000 in Target stock on May 29, 2024 (a year ago) you would have been able to purchase it at a price of about $147.74 per share. That means you would own about 6.77 shares of Target stock. Today, Target stock is trading at around $94.87 per share. Your 6.77 shares of Target stock would now be worth $642.27 — a $357 loss in just one year. But what if you chose to buy and hold Target stock 5 years ago or even 10 years ago? If you invested $1,000 in Target stock five years ago, you would have been able to purchase it at a price of about $122.33 per share. That means you would own about 8.17 shares of Target stock. Today, your 8.17 shares of Target stock would now be worth $775,09 — a $225 loss. But what about 10 years ago? Target shares were trading for around $79.32 10 years ago — meaning your $1,000 would have bought you 12.61 shares of stock. Today, your 12.61 shares of Target stock would now be worth $1,196.31 — a small $196 gain. Considering the S&P 500 has more than doubled in price over the last 10 years, you would definitely have underperformed the market over the last decade. Target stock is still suffering from losses — and continuing to lose investor confidence. With the DEI changes, plus Trump's tariffs — investors may continue to shy away from Target stock. But it's been around for over 55 years and who knows what the future holds for Target. If you're a believer in the retail chain and think it can turn around the bad press and business moves of the last decade — there may be hope. But as always, when investing in individual stocks, proceed with caution. They are far more volatile than more diversified investments (like index funds). More From GOBankingRates Surprising Items People Are Stocking Up On Before Tariff Pains Hit: Is It Smart? 7 Things You'll Be Happy You Downsized in Retirement This article originally appeared on If You Invested $1,000 in Target 1 Year Ago, You'd Have $642 Now Sign in to access your portfolio

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