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.

Comments

All Comments

Recommended for you

  • NVIDIA's Market Value Surpasses $5 Trillion Again

    On April 24, NVIDIA's stock price rose by 3.08%, reaching $205.790 per share, with a total market value of $5.00 trillion. The stock price hit a new high since late October 2025.

  • Ethereum Foundation to Sell 10,000 ETH to BitMine

    On April 24, the Ethereum Foundation announced the finalization of a sale of 10,000 ETH to BitMine, the first treasury company of Ethereum, through an over-the-counter (OTC) trading platform, at an average price of $2,387 per ETH.

  • Sources: U.S. Justice Department Expected to Drop Criminal Investigation into Powell

    On April 24, multiple informed sources revealed that the U.S. Justice Department is expected to conclude its criminal investigation into Federal Reserve Chairman Jerome Powell as early as Friday, thereby ending a stalemate that could have delayed the appointment of Powell's successor. Sources indicated that senior officials from the Justice Department recently contacted several senators, including Republican Senator Thom Tillis, a member of the Senate Banking Committee, to inform them of the plan to abandon the investigation into alleged cost overruns related to the renovation of the Federal Reserve's Washington headquarters, and to refer the matter to the Federal Reserve's internal oversight body. Powell's term is set to end next month, but he stated in March that he would remain until Trump's nominee for Federal Reserve Chair, Waller, is confirmed. (ABC News)

  • U.S. Stock Indices Open Higher; Intel Surges Approximately 23% to Record High

    On April 24, U.S. stock indices opened higher across the board, with the Dow Jones up 0.02%, the S&P 500 rising 0.4%, and the Nasdaq increasing by 0.73%. Intel surged approximately 23%, reaching a record high; the company expects second-quarter revenue between $13.8 billion and $14.8 billion, while the market estimate is $13.04 billion. AMD rose over 10%, and Arm increased more than 8%. Nvidia's stock price rose by 0.11%, while Google's Class A shares fell by 0.49%. Apple's stock price decreased by 0.61%, Microsoft’s stock rose by 0.47%, Amazon's stock increased by 1.42%, Meta Platforms Inc Class A shares fell by 0.34%, Tesla's stock remained unchanged, and Netflix's stock dropped by 0.92%.

  • BTC Surpasses $78,000

    Market data shows that BTC has surpassed $78,000, currently priced at $78,013.14, with a 24-hour increase of 0.7%. The market is experiencing significant volatility, so please ensure proper risk management.

  • Central Bank and Eight Departments: Prohibit Online Marketing Services for Virtual Currency Issuance and Trading

    On April 24, the People's Bank of China and eight other departments jointly issued the "Regulations on the Management of Online Marketing of Financial Products," which will take effect on September 30, 2026, systematically regulating online marketing activities for financial products. The regulations specify that only approved financial institutions and their self-operated platforms, as well as entrusted third-party internet platforms, may engage in online marketing of financial products. It prohibits providing online marketing services for illegal financial activities such as illegal fundraising, virtual currency issuance and trading, and illegal foreign exchange margin trading. The regulations detail requirements regarding the authenticity of marketing content, risk disclosure, algorithm recommendations, pop-up advertisements, account naming, trademark usage, cooperation models, and the protection of data and personal information. They also clarify the regulatory responsibilities and penalties for financial management departments, internet information, telecommunications, and market supervision departments.

  • BTC Surpasses $78,000

    Market data shows that BTC has surpassed $78,000, currently priced at $78,049.83, with a 24-hour increase of 0.04%. The market is experiencing significant volatility, so please ensure proper risk management.

  • DeepSeek-V4 Preview Version Officially Launched and Open-Sourced

    On April 24, DeepSeek announced via its official WeChat account that the preview version of the new model series DeepSeek-V4 is officially online and open-sourced. DeepSeek-V4 features a million-word ultra-long context and leads in agent capabilities, world knowledge, and reasoning performance in both domestic and open-source fields. The model is available in two versions based on size. Starting today, users can log in to the official website chat.deepseek.com or the official app to interact with the latest DeepSeek-V4 and explore the new experience of 1M ultra-long context memory. The API service has also been updated; by changing the model_name to deepseek-v4-pro or deepseek-v4-flash, users can access it.

  • Intel CEO: Semiconductor Potential Market Size Approaching $1 Trillion

    On April 24, local time, after the U.S. stock market closed on April 23, Intel officially released its Q1 fiscal year 2026 financial report and held an earnings call. The company delivered its sixth consecutive quarter of better-than-expected results, with revenue, gross margin, and earnings per share all surpassing guidance. The AI business has become the core growth engine, with a surge in demand for server CPUs and advancements in advanced processes and packaging exceeding expectations. Following this financial report, Intel's stock price surged nearly 20% in after-hours trading. During the earnings call, Intel CEO Pat Gelsinger stated that despite continuous improvements in factory capacity, demand across all business segments remains higher than supply, particularly for Xeon server CPUs, which are expected to maintain strong growth momentum over the next two years. Gelsinger also noted, 'In recent years, the focus in high-performance computing has been almost entirely on graphics processors and other accelerators. In recent months, clear signs have shown that central processing units are becoming an indispensable foundation in the era of artificial intelligence.' Looking at the overall market, Gelsinger anticipates that driven by explosive growth in AI demand, the overall potential market size of the semiconductor industry is approaching $1 trillion. However, Intel's management also warned that the company still faces multiple pressures, including declining demand in the PC market, rising costs, expanding capital expenditures, and supply constraints. (Dongxin News Agency)

  • 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.