In a bid to address the challenges of NFT fragmentation and high gas fees within the Ethereum ecosystem, Sei Labs and Omni have come together to propose a groundbreaking solution. Their collaborative effort introduces a new Ethereum Improvement Proposal (EIP) is aimed at unifying NFTs across the entire emerging Ethereum ecosystem.
The Problem: NFT Fragmentation and High Gas Fees
Over the years, Ethereum has witnessed a proliferation of scaling solutions, including Layer 2 rollups and high-performance EVM solutions. While these advancements have tackled scalability issues and reduced gas fees, they have also led to NFT fragmentation. Currently, NFT communities are confined to their original smart contract platforms, limiting their reach and subjecting users to exorbitant gas fees on Layer 1.
Introducing the xERC-721 Standard
The proposed solution, known as the xERC-721 standard, represents a significant upgrade to the existing ERC-721 standard. By liberating NFT creators and holders from the constraints of a single domain, xERC-721 expands opportunities for innovation and interoperability across the Ethereum ecosystem. Key features of the xERC-721 standard include:
Secure Interoperability: xERC-721 tokens can securely move across multiple domains without introducing unnecessary risks or dependencies on privileged third parties. This ensures that NFT communities retain sovereignty over their assets while navigating the Ethereum ecosystem.
Enhanced Functionality: The introduction of mintBatch and burnBatch function interfaces addresses pain points for developers, simplifying the process of deploying and managing NFT collections across different blockchains.
Seamless Upgradability: Existing NFT collections can seamlessly upgrade to become xERC-721s through the deployment of a new portal contract, enabling compatibility with the broader rollup ecosystem.
Why Sei and Omni Contribute
For Sei Labs and Omni, the decision to contribute to this new standard stems from a shared commitment to fostering openness, transparency, and community-driven development within the Ethereum ecosystem. As the Ethereum landscape continues to evolve, initiatives like the xERC-721 standard play a crucial role in reducing fragmentation and trust assumptions associated with NFT transfers.
Joining the Conversation
The proposal for the xERC-721 standard represents just the beginning of an open suite of standards for the Ethereum ecosystem. Community participation is vital to refining and implementing these standards for the benefit of all stakeholders. Interested parties are encouraged to join the discussion on ERC-7611 and contribute their insights to shape the future of NFT interoperability.

#Sei #Ethereum(ETH) #crypto2024 #ETH $SEI $ETH

The world of cryptocurrencies is evolving every day and projects are faced with the question of which technology to choose to build their project on, as it plays a key role in its success. DragonSwap made a strategic decision to build its infrastructure on Sei's V2 EVM. This conscious choice is driven by the unprecedented performance gains offered by a parallelised EVM, enabling DragonSwap to create a high-performance and user-centric trading experience similar to a centralised exchange within decentralised networks.
An effective alliance: DragonSwap and Sei Network
The collaboration between DragonSwap and Sei Network represents a strategic alliance that addresses the unique challenges faced by decentralized exchanges built on a general-purpose Layer 1 (L1) blockchain. DragonSwap is fueled by the vision of establishing a high-performance and user-centric decentralized exchange experience, a feat made possible by Sei Network's position as the world's fastest blockchain. Built from the ground up to support high-throughput DeFi applications, Sei's Parallelized EVM empowers DragonSwap to leverage the full potential of a decentralized network that prioritizes efficient, cost-effective transactions with near-instantaneous finality.
Why Sei Network Became the Preferred Choice
Several key factors influenced DragonSwap's decision to build on Sei Network:
Speed and Efficiency: Sei Network surpasses competitors with a transactional throughput of 20,000 operations per second (ops), dwarfing Ethereum's 20 transactions per second (tps) and even outperforming Solana's 10,000 tps.
Consensus Mechanism: Sei utilizes a Proof of Stake mechanism with its Twin-Turbo Consensus, incorporating Intelligent Block Propagation and Optimistic Block Processing to enhance throughput and block processing speed.
Transaction Speeds and Cost: With a transactional finality of 380 milliseconds, Sei Network is significantly faster than Ethereum and Bitcoin, making it an ideal choice for high-frequency trading.
Smart Contract Capabilities: Sei's parallelized EVM smart contracts offer backward compatibility with Ethereum contracts, ensuring ease of adoption for developers.
Tailored for Trading: Sei Network is specifically designed for trading applications, ensuring unparalleled speed and efficiency. It caters to high-frequency trading, offering features like single-block order execution and frequent batch auctioning.

In the ever-expanding realm of digital assets, the allure of non-custodial wallets promises financial freedom and absolute control over one's crypto assets. However, a shadow looms over this promise – the potential transformation of a non-custodial wallet into a custodial one with a single software update. Let's delve into this overlooked risk and explore how Braavos' Hardware Signer offers a beacon of true self-custody.
Understanding Non-Custodial Wallets: A Fragile Promise
Non-custodial wallets, while celebrated for granting users control over their crypto assets, harbor a significant vulnerability. The process begins with the creation of an account and the generation of a unique cryptographic private key. This key, initially accessible in an unencrypted state, becomes encrypted with a user-set password for local storage. However, this seemingly secure process comes with a catch – the software maintaining full control over the private key.
The Hidden Risk: Software Updates and Custodial Shift
A non-custodial wallet's Achilles' heel lies in software updates. Despite the necessity of staying updated, each update introduces a potential threat. Malicious content within updates could silently transform a non-custodial wallet into a custodial one without user knowledge. The irony is that even tech-savvy users find it daunting to ensure their wallet remains non-custodial post-update, considering the multitude of changes involved.
Breaking the 'Trust Zone': Braavos' Hardware Signer
Escaping the 'trust zone' necessitates a system ensuring genuine self-custody, even if a wallet provider turns malicious. Braavos' Hardware Signer stands as a beacon in this regard. By utilizing the security chip within mobile devices, it generates hardware keys confined to the device, impervious to external access. These keys sign transactions only after confirming the user's unique biometric identity, creating a robust shield against phishing attacks.
Braavos' Unique Approach to True Self-Custody
Braavos tackles the compatibility barrier by utilizing the account abstraction and smart contract structure inherent in the Starknet blockchain. The Braavos Hardware Signer, operating on these pillars, guarantees that your private key remains inaccessible without explicit approval. This innovative solution reaffirms the non-custodial nature of the wallet down to the silicon level.
The Journey to True Self-Custody with Braavos
Download and Set Up: Experience genuine self-custody by downloading the Braavos wallet.Enhanced Security: Enjoy security features that keep your private key inaccessible to anyone, even Braavos.Seamless Experience: Transaction signing becomes as seamless as mainstream payment services, enhancing your overall experience.
Embrace the Power of Holding Your Own Keys
In a landscape where control over private keys is paramount, Braavos offers a solution that combines superior security with user-friendly functionality. Navigate the path to true self-custody, where you're not just in charge but hold the keys to your financial sovereignty. Take the first step today with Braavos and experience the peace of mind that genuine self-custody brings.
Your keys, your control.

#Braavos #ETH #crypto2024 #StarkNet $ETH

In recent discussions, there have been misconceptions circulating about Sei v2, primarily focusing on the misconception that it only revolves around "parallelizing the execution environment." This statement is unequivocally false. Sei v2 is a comprehensive upgrade that tackles every facet of the stack, addressing critical components like state access, state commitment, and state storage. This holistic approach is instrumental in achieving the exceptional performance witnessed in benchmark tests for v2.
SeiDB: A Game-Changing Architecture
At the heart of Sei v2's transformative capabilities is SeiDB, a groundbreaking database architecture that leverages a memory-mapped iavl tree. This innovative approach is designed to optimize efficiency and enhance overall performance.
1. State Storage Revolution: ~60% Reduction
One of the remarkable advantages of SeiDB is the substantial reduction in state storage, reaching approximately 60%. This significant improvement stems from the elimination of redundant metadata storage. Notably, data such as (version, height, lefthash, righthash) for branch nodes is no longer required, resulting in a considerably smaller state tree.

2. Swift State Sync: 1200% Speedup
SeiDB delivers an astounding 1200% speedup for state synchronization. The reduction in data that needs to be written during import, coupled with the ability to parallelize writes to the three files (kv pairs, leaf nodes, branch nodes), contributes significantly to the accelerated state synchronization process. This speed enhancement is crucial for optimizing the efficiency of the Sei network.

3. Asynchronous Write for Efficiency: 287x Decrease in Commit Time
SeiDB introduces an asynchronous write to the database, leading to an extraordinary 287x decrease in commit time. This efficiency boost plays a pivotal role in reducing the overall time to finality, ensuring a swift and reliable blockchain experience.

Conclusion: Sei v2 Beyond Parallelization
In summary, Sei v2 is not a one-dimensional upgrade focused solely on parallelizing the execution environment. It is a multifaceted enhancement that redefines the entire stack, from state access to commitment and storage. The introduction of SeiDB marks a pivotal moment in the evolution of Sei, ushering in a new era of efficiency, reduced storage requirements, and unparalleled speed. As we dispel the misconceptions surrounding Sei v2, the truth emerges—Sei is not just keeping pace; it's setting the standard for blockchain innovation.

#SeiNetwork #crypto2024 #SEI #crypto2025 $SEI $ETH

HAQQ Network is proud to announce its strategic collaboration with GoMeat, a pioneering blockchain-based platform dedicated to revolutionizing Halal certifications and supply chain processes. With a shared commitment to ethical values and cutting-edge technology, this partnership aims to bring convenience, transparency, and traceability to the world of Halal meat.
Key Focus Areas of Collaboration:
Efficient Halal Meat Distribution: #Haqq and GoMeat are set to supercharge the distribution of Halal meat and specialty foods. The focus is on expanding the network of stores featured on the GoMeat platform, ultimately ensuring high-quality Halal products are accessible to consumers in North America.Enhancements to the GoMeat Platform: Together, the partners plan to introduce significant upgrades to the GoMeat platform. These improvements are designed to enhance the user experience by integrating new, user-friendly features and refining the overall functionality of the app.Geographical Tech Localization: While the platform will run on HAQQ's tech stack, accessibility for all with customization to enhance usability is a key focus. The collaboration with GoMeat prioritizes localization tailored by regions, aligning with expansion efforts.Community Engagement: The collaboration involves partnerships with Islamic Centers across the USA, deepening the connection with the community. Every new sign-up through the app's QR code will result in a $1 donation, emphasizing the commitment to community support.
Rough Roadmap:
December: Finalize partnership details and announce the ISLM <> GOMT partnership.January: Commence GoMeat integration with HAQQ Wallet and launch delivery services in Pakistan.February: Complete the design of blockchain solutions.
Calling Ethical Builders: Are you a builder interested in creating ethical solutions around Halal meat? HAQQ Network invites you to join their mission. They are actively seeking builders and offer hands-on support and funds for impactful projects. Reach HAQQ and become a part of the ethical future envisioned by HAQQ.
This collaboration represents a significant step forward in leveraging technology to uphold the values of the Halal industry.

#cpi #etf #sui #ENS $ENJ $BONK $KAVA

Greetings, Fellow Explorers! Join the captivating journey through the dynamic and faith-fueled realms of Islamic business, where innovation meets tradition across ten pivotal sectors set to leave an indelible mark on the global market.
Introduction: Unveiling the Tapestry of Islamic Business
In an era where commerce and ethics intertwine, the Islamic business landscape stands as a beacon of fair, ethical, and inclusive practices. Powered by the #ISLM token, the mission transcends economic boundaries, fostering innovation, opportunity, and faith-driven progress.
1. Halal Gastronomy: A Culinary Behemoth!
Anticipated to surge to a remarkable $2.3 trillion valuation by 2024.Beyond conventional fare, it embraces gourmet, plant-based, and fusion cuisine, tantalizing diverse tastes.
2. Islamic Apparel: A Style Revolution!
Muslim consumers investing a substantial $311 billion.Shaping global fashion trends, from opulent couture to everyday wear, infused with faith-conscious designs.
3. Halal Expeditions: Transcending the Ordinary!
Valued at a projected $300 billion by 2023.Unveils distinctive experiences merging luxury, adventure, and cultural immersion, all anchored in Islamic values.
4. Islamic Artistry & Media: Catalysts of Creative Renaissance!
Immerse in the opulence of Islamic creativity through cinema, music, and arts challenging norms and igniting inspiration.
5. Islamic Finance: A Formidable $2 Trillion Presence!
Flourishing with Islamic banking, takaful, and avant-garde FinTech, reshaping the global financial panorama.
6. Takaful: Innovating Insurance Practices!
Projected to ascend to $55 billion by 2024.Epitomizes community spirit and shared responsibility, showcasing compassion as a potent strategy.
7. Islamic Microfinance: Nurturing Empowerment!
A beacon of hope fostering financial inclusivity and entrepreneurship, particularly in Muslim-majority regions.
8. Sukuk: Ethical Bonds Ascendant!
With issuances amassing $205 billion, Sukuk signifies a burgeoning appetite for Shariah-compliant, impact-focused investment avenues.
9. Islamic Asset Management: A $4.5 Trillion Endeavor!
Affirming that ethical investment is ingrained in mainstream consciousness, with a focus on sustainable and socially responsible ventures.
10. Islamic Crowdfunding: Innovations Driven by Faith! - Collaborating with promising partners to explore the potential of community-backed, Shariah-compliant funding, reshaping the landscape of social impact investing.
Beyond economic paradigms, this is about forging a realm of fairness, ethics, and inclusivity in business. At the forefront of this transformative journey is the #ISLM token, in collaboration with steadfast global partners across diverse business spheres.
As we delve deeper into the inspiring stories and insights from pioneers in the Halal economy, let this be a call to action. Together, let us continue crafting a world where commerce aligns seamlessly with the values of compassion, responsibility, and integrity, fostering a radiant and prosperous future for all.

#crypto2023 #crypto2024 #Islamiccoin $RAY $ADA $DOT

The integration of Real World Assets (RWAs) into $SEI blockchain marks a significant paradigm shift in the world of decentralized finance. Let's delve into the intricacies of RWAs, their transformative impact, and the key role Sei plays in asset tokenization.
Understanding RWAs and Their Impact
RWAs redefine the conventional boundaries between physical and digital assets. By tokenizing ownership or rights on the blockchain, they bring tangible and intangible assets into the decentralized realm. The two broad categories are:
Tangible RWAs:
Physical Assets: Real estate, art, luxury goods, and other items of inherent value.
Intangible RWAs:
Financial Instruments: Bonds and various financial assets.Carbon Credits: Tradable certificates linked to environmental sustainability initiatives.Stablecoins: Digital currencies like $USDC providing market stability.
Tokenization of tangible assets enhances liquidity, market access, and transparency, while intangible RWAs introduce traditional financial elements into the decentralized finance (DeFi) space. Together, they augment the utility and reach of blockchain, revolutionizing asset management and transaction diversity.
Key Benefits of RWA Tokenization
Enhanced Liquidity: Tokenization transforms physical assets into digital tokens, increasing liquidity and allowing fractional ownership.Market Accessibility: Lower barriers to entry enable a diverse range of investors to engage in high-value asset trading.Transparency and Security: Blockchain's immutable nature ensures authenticity and traceability, fostering trust among participants.Operational Efficiency: Streamlined processes, automated settlements, and compliance checks reduce administrative burdens and costs.
Challenges in RWA Tokenization
Regulatory Landscape: Navigating complex and evolving regulations across legal jurisdictions and asset classes poses challenges.Market Readiness: Educating investors about the benefits and risks of tokenized assets is crucial for mainstream adoption.
The Role of Sei in Empowering RWA Tokenization
Sei's optimized blockchain infrastructure provides scalability and security for handling tokenized real-world assets. With high transaction throughput and an efficient consensus mechanism, #Sei facilitates streamlined and accessible trading experiences for a diverse range of RWAs.
The Future of RWAs on Sei Blockchain
The inclusion of RWAs on Sei signifies a transformative phase in the financial world, blurring the lines between physical and digital assets. As technology and regulatory frameworks evolve, the potential for RWAs on Sei is boundless, ushering in a new era of diversified and democratized asset markets.
$ETH #crypto2023 #RWA #SeiNetwork #etf

In an ever-expanding blockchain ecosystem, the need for robust security measures is paramount. Acknowledging this, Sei Labs, in collaboration with Immunefi, has launched a comprehensive bug bounty program. This initiative, designed for security researchers, developers, and white hat hackers, aims to identify and address potential vulnerabilities within the Sei ecosystem.
Why a Bug Bounty Program?
As the Sei ecosystem grows, the likelihood of bugs and vulnerabilities arises. Recognizing the importance of security, the Sei Foundation has partnered with Immunefi, a leading bug bounty and security services platform for Web3, safeguarding over $60 billion in user funds. This bug bounty program incentivizes white hat hackers to proactively report issues, fostering a secure and stable platform while promoting responsible disclosure.
Bug Bounty Program Focus Areas
The bug bounty program primarily targets specific theoretical cases to preemptively identify vulnerabilities. The program spans two major categories: Blockchain/DLT and Websites/Applications. Within these categories, various impacts are considered acceptable, ranging from issues affecting the blockchain network to potential threats to websites and applications.
Blockchain/DLT Impacts:
Network confirmation issuesUnintended chain splitsDirect and permanent loss of fundsFreezing of funds (temporary or permanent)Network node disruptionsRPC API crashesSmart contract behavior deviationsModification of transaction fees
Websites and Applications Impacts:
Execution of arbitrary system commandsRetrieval of sensitive data/filesTaking down applications/websitesUnauthorized state-modifying actionsTheft of user funds or NFTsInjection of malicious code or XSSUnauthorized user information disclosureSubdomain takeoversManipulation of contentRedirecting users to malicious websites
Bounty Rewards
The bug bounty program offers rewards ranging from $1,000 to a maximum of $2,000,000, depending on the severity and threat level of the identified vulnerabilities. The bounty rewards are categorized from low to critical degrees, reflecting the potential impact on the Sei ecosystem.
How to Participate
If you're a security researcher, developer, or white hat hacker, and you're ready to embark on a bug hunting journey, visit Immunefi for the program's scope table and terms and conditions. Ensure your findings align with the eligibility criteria set by the Sei Foundation.
About Immunefi
Immunefi stands as the premier bug bounty platform for smart contracts and DeFi projects. Security researchers play a pivotal role by reviewing code, disclosing vulnerabilities, and contributing to a safer crypto environment. Immunefi's bug bounties and comprehensive security services collectively mitigate security risks in the crypto space.
About Sei Foundation
The Sei Foundation, a non profit organization, is dedicated to empowering builders and contributors to the Sei blockchain. It is committed to further decentralizing the blockchain over time, fostering community-driven development and innovation.
About Sei Labs
Sei Labs is a key contributor to the open-source #Sei blockchain, renowned as the fastest Layer 1 for trading. Leveraging industry veterans from esteemed institutions, Sei Labs ensures modern performance and scalability, enabling decentralized exchanges and trading apps to deliver an unparalleled user experience.

#crypto2023 #crypto2023A #etf #SeiNetwork $SEI $ETH $SOL