MyCrypto acquires Ambo, Etherisc releases its Generic Insurance Framework, and the Creary beta goes live.
Your daily distillation of crypto news for Friday, January 25, 2019:
MyCrypto <> Ambo
Taylor Monahan, CEO of MyCrypto, announced yesterday that the company has acquired Ambo, a team developing a set of wallets for a more mainstream audience. She said she was impressed with Ambo’s focus “on an easy, seamless user experience.”
Although acquired by MyCrypto, Ambo will continue working on its own wallets. Monahan went on to note that Ambo will first launch its iOS app following a final security audit, then the team will release an Android app and web interface.
“We are looking forward to continuing to build and ship products that allow everyone to get into this space quickly, easily, and with confidence,” said Monahan. “As far as we have come, we still have a long way to go and the Ambo team will help us get there.”
A Framework for Insurance DApps
Decentralized insurance company Etherisc posted on Medium yesterday that it has started to release the source code for its Generic Insurance Framework (GIF), a codebase that includes EDCCs (aka smart contracts) and utility services. The team maintains that developers should be able to use the GIF “to create full-featured insurance DApps.”
The GIF is a key component of Etherisc’s Decentralized Insurance Protocol. The GIF’s code has been distributed under the Apache 2.0 license, a commonly used license within the open-source community. The first part of the GIF can be found on the initiative’s GitHub repository.
Artists Are Social, Too
The beta for blockchain social network platform Creary has recently gone live, according to a January 24 report from The Creative Crypto Magazine. On Creary, artists can earn tokens by sharing their creative portfolios. Further, users can reportedly sell their content directly to followers without any intermediaries.
The Creary app is powered by the CREA blockchain, which operates similarly to Steem’s network. New coins are distributed among all participants within the network, made possible through a proof-of-creation algorithm. Under this system, users’ contributions, such as creating or curating content on the network, are rewarded. Individuals with more CREA (the blockchain’s native token) can then decide how the network’s coins are distributed.
Dani is a full-time writer for ETHNews. He received his bachelor’s degree in English writing from the University of Nevada, Reno, where he also studied journalism and queer theory. In his free time, he writes poetry, plays the piano, and fangirls over fictional characters. He lives with his partner, three dogs, and two cats in the middle of nowhere, Nevada.
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