INFINIT Opening DApp Creation to All With First-Ever DeFi Abstraction Layer (19 Aug)
Bangkok, Thailand, August 19th, 2024, Chainwire
INFINIT, the first-of-its-kind DeFi abstraction layer, today announces that it will soon open dApp creation to all, allowing anyone to build and customize DeFi applications in a matter of minutes. INFINIT is a DeFi infrastructure that abstracts away complexities to launch and scale decentralized finance applications across any integrated chain. Like pump.fun before it, INFINIT enables anyone to enter the arena and build their own financial dApps.
Supported by prominent investors including Electric Capital and Mirana Ventures, among others, INFINIT’s platform will allow experienced and novice developers to create customized DeFi protocols within minutes, without the need for complex coding languages like Solidity or Rust. By leveraging TypeScript, developers will be able to easily integrate new functionalities to existing applications or launch entirely new customized DeFi applications in a few clicks. In its later phase, non-developers will also be able to launch and scale DeFi protocols directly from INFINIT’s user-friendly interface, where coding will not be required at all.
INFINIT has already facilitated over $630M in TVL across 12 protocols. Key successes include Ethena Labs and INIT Capital, which achieved $270M in TVL within four months of launch.
"INFINIT has driven our USDe trading volume and liquidity provisioning on both Mantle and Blast from day one,” said Guy Young, Founder at Ethena Labs. “INFINIT's support has enabled us to rapidly expand into new ecosystems and set a strong foundation for future scalability."
The rapid growth of Layer 1s, Layer 2s, and Roll-ups hasn't been matched with an influx of high-quality dApps, which are required for a thriving DeFi ecosystem. Builders face significant setbacks due to niche skill requirements that create a high barrier to entry and lead to forking and increased risk of exploitation. INFINIT addresses these pain points by providing a robust, modular infrastructure that lowers the barrier to entry, reduces vulnerabilities, and enables rapid market entry and scaling for DeFi protocols. Additionally, INFINIT provides an infrastructure for any chain to easily integrate and immediately accelerate the growth of its entire DeFi vertical.
"We created INFINIT to revolutionize how DeFi protocols are launched and scaled by abstracting away the complexities," said Tascha Punyaneramitdee, Founder and Core Contributor at INFINIT. "We are committed to becoming the backbone infrastructure for DeFi developers to build the projects that onboard the next million developers and users to DeFi.”
INFINIT supports the entire lifecycle of building a DeFi project, catering to developers at 2 project phases: Launch and Scale. In the Launch phase, INFINIT provides all the building blocks necessary to launch new DeFi protocols with customized features in minutes. This phase supports projects from stages 0 to 1, allowing developers to quickly create new products, from money markets to yield strategy protocols and beyond. In the Scale phase, INFINIT facilitates the seamless addition of new features or functionalities to existing protocols within minutes. For instance, developers can expand product functionality by integrating new DeFi strategies like leveraged yield farming.
About INFINIT
INFINIT is the first DeFi abstraction layer that abstracts away all the complexities of the entire process of launching and scaling DeFi protocols. With INFINIT, anyone can launch a customized DeFi application on any chain or scale existing applications with new functionalities in minutes. Any chain can integrate with INFINIT to drive the development of its entire DeFi vertical. INFINIT's vision goes beyond being a platform but to become the backbone of DeFi, powering every DeFi protocol across every chain.
Memecoin Ecosystem WOMIO Announces Presale and Unveils Blueprint to Extend Memecoin Utility (18 Aug)
Dubai, UEA, August 18th, 2024, Chainwire
Memecoin ecosystem WOMIO has announced its presale and shared its vision for enhancing memecoin utility. The WOMIO platform will simplify multichain memecoin launches while supporting new use cases that will advance the industry.
WOMIO will host its token presale on August 21 at 19:00 (CET), giving the community an opportunity to acquire $WOMIO tokens. $WOMIO will serve as a proof-of-concept memecoin and the mechanism for driving growth of the WOMIO ecosystem. Stakers will unlock a host of benefits within the WOMIO ecosystem while driving a more sustainable approach to memecoin deployment and adoption.
Created by an experienced team with a track record of successful crypto investment and project development, WOMIO simplifies memecoin deployment through a single platform for creating and promoting tokens while earning rewards.
With a unique combination of token creation, staking, promotional packages, multichain support, analytics, and community-driven features, WOMIO aims to redefine how people engage with memecoins. It combines the humor and social features inherent to the best memecoins with use cases more synonymous with conventional crypto assets.
While the principal function of $WOMIO is to serve as a memecoin, the token will evolve into an asset fueling a dynamic ecosystem with diverse use cases. The WOMIO platform’s multichain technology enables anyone to deploy a memecoin in seconds on their preferred blockchain. Whenever a memecoin is created, 1.25% fee of the total supply is collected and automatically distributed among $WOMIO stakers, ensuring continuous rewards and incentivizing community participation.
WOMIO Founder Paul Theobald said: “WOMIO is here to change the way people see memecoins. We’re combining the viral energy of memes with real-world utility, setting a new standard in the industry.”
The cryptocurrency industry is experiencing rapid growth with increasing interest in utility-driven tokens. While traditional memecoins have thrived on a fair launch philosophy and community ethos, there is increased demand for assets that combine entertainment and tangible value. WOMIO aims to be at the forefront of this trend, pioneering a new category of memecoins that cater to both fun and functionality.
WOMIO will empower creators and investors to seamlessly create and launch memecoins by leveraging its multichain technology to elevate projects to new heights. Drawing upon WOMIO's functionality and value creation through unique staking mechanisms, the platform aims to become a cornerstone of the memecoin landscape.
About WOMIO
WOMIO is a multichain launchpad, ecosystem, and community platform designed to advance the multi-billion dollar memecoin sector. It combines fun social features and gamification with slick UX that simplifies memecoin creation and community building. WOMIO will move the needle for memecoin utility, bringing new use cases and features that will bring sustainability to one of the most exciting and fastest moving crypto verticals.
Holonym Foundation Emerges With $5.5 Million Seed Funding to Provide Global Digital Personhood Wi...
Delaware, United States, August 16th, 2024, Chainwire
Led by Finality Capital and Paper Ventures, with participation from Arrington Capital, Draper Dragon, Lightshift, and others.
Holonym Foundation, an organization building the next generation of digital identity security for the decentralized web, is announcing the completion of a successful $5.5 million seed funding round. The funding round was led by Finality Capital and Paper Ventures, with significant participation from Draper Dragon, Arrington Capital, Lightshift, Zero Knowledge Ventures, Zero DAO, and other prominent funds.
Shady El Damaty, Co-Founder of Holonym, said: "We’re building core person-first principles into the technology we ship out to the world. Our goal is to build a global open-source layer that upgrades the abilities of each citizen with basic access to a digital identity using cryptography to prove their personhood."
“We can’t have self-sovereign control of our monetary assets without self-sovereign identity. The Holonym foundation is building critical middleware and applications that will make Web3 users the envy of Web2 users by giving them the power to own, govern, and selectively share their data with strong privacy and security guarantees. Holonym will be part of the solution to usher in the next trillion dollars of assets into blockchain.’’, said Kamal Mokeddem, GP of Finality Capital.
Cryptographic keys, or private keys, run the web and secure every digital interaction on the internet. But what if private keys could be built differently and in a more sophisticated way? Human Keys completely change how private keys are derived. Instead of creating private keys from random phrases, Human Keys make humans into keys. This new framing shifts ownership of digital assets from the holder of a random seed, to the human that can uniquely prove their biometrics. Human Keys make the ownership layers of the internet built on top more consumer-friendly, decentralized, and secure.
Human Keys encompass three protocols built by the Holonym Foundation, all having security and robust data privacy systems as core principles:
Mishti Network, a breakthrough threshold entropy network that computes an Oblivious Pseudorandom Function (OPRF) on biometric data.
This allows humans to derive random secure keys that are hard to steal, and it unlocks private homomorphic computation on encrypted data, allowing untrusted third-parties to authenticate users without ever seeing the underlying data.
This is an Actively Validated Service (AVS) on Eigenlayer with crypto economic mechanisms that leverage the economic security of the Ethereum network.
Zeronym, a zero knowledge identity protocol, leverages Human Keys to allow anyone in the world to secretly prove facts about their identity.
Over 125,000 pseudonymous Zeronym users around the world have already unlocked these rights, proving their unique personhood, residency, and other attributes to curate a rich digital reputation that they alone own and control.
Silk, a simple and elegant wallet user interface for interacting with crypto protocols.
Human Keys are made usable in the real world by the everyday internet user with Silk.
Silk provides advanced security tools to protect users from hackers, scams, and malware on the decentralized web.
Nanak Nihal Singh Khalsa, Co-Founder of Holonym said: ’’Humanity is not just biometrics, e.g. your face. It is about what you have, what you know and what you are: your property, your memory, and your body. On the current centralized web, we are giving free ownership to our data. Web3 must be the space where we provide robust data ownership and secure sharing of personhood, so that nobody can own your data except you.’’
By granting every human in the world a secure key that only they can hold and control, the Holonym Foundation moves towards global digital inclusion, precisely at a time when advancements in artificial intelligence are poised to leave so many behind.
Shady El Damaty, co-founder of Holonym, says this is just the start for the Holonym Foundation. “Human Keys will redefine how citizens interact with the internet by limiting the overreach of power and hardening individual rights with resilient decentralized protocols built on Zeronym and Mishti Network.”
Holonym Foundation is focused on applied cryptography innovation that delivers solutions for real-world problems.
About Holonym Foundation
The Holonym Foundation’s mission is the proliferation of Human Keys to make security and privacy more usable in zero trust environments. Holonym Foundation has developed infrastructure to allow anyone, anywhere, to create Human Keys with Mishti Network, easily use them with Silk and privately prove facts about their identity with Zeronym.
Holonym Foundation Products
Mishti Network. A threshold network for zero trust Human Key derivation. Create high entropy Human Keys from private biometrics, passwords, security questions, or other human-memorable data. Mishti also powers Zeronym’s programmable privacy for on-chain private banking, payments, and other real world regulated industries.
Silk. The human-friendly wallet for instant onboarding. Use Human Keys with zero trust protocols to save, send payments, access global internet finance protocols and manage your private data. Silk is a protected self-custody wallet that can be recovered without trusted guardians.
Zeronym. Proof of personhood and private identity. Fast client-side privacy for identity verification, supporting digital credentials from 180 countries. Use Human Keys to prove any fact privately without revealing any information in zero knowledge. Business can utilize Zeronym for privacy-preserving KYC/AML with programmable privacy for on-going monitoring.
CONTACT & SOCIALS
For PR enquiries users can contact press@holonym.io
Users can stay connected with Holonym Foundation and it’s Products:
🌐 holonym.id, mishti.network, silk.sc
✖️ X Holonym | Zer0nym | Mishti Network | Silk
📲 Telegram Holonym Official | Mishti Network | Mishti Community | Holonym Dev Support
Floki Becomes Official Cryptocurrency Partner of Nottingham Forest F.C. (15 Aug)
Miami, Florida, August 15th, 2024, Chainwire
Floki has partnered with Nottingham Forest football club, which currently is playing the English Premier League (EPL).
Announced on Thursday, Floki will be the official cryptocurrency partner of Nottingham Forest and have extensive marketing and promotional rights.
“We are proud to join the ranks of the Premier League with a club that is an institution in world Football,” a media representative of Floki said. “Just as Nottingham Forest are building a future as a dominant force in world football, Floki is on the same journey to establish itself as one of the most successful brands in its sector, constantly challenging and innovating with brands like Valhalla.”
During all home games, the Floki brand mark will be featured for three minutes on camera-facing LED boards from kick-off to the final whistle. This ensures that the Floki brand is seen by both stadium audiences and TV viewers.
The Floki logo will also be prominently displayed. It will appear in four slots on official Premier League interview backdrops at each home match and in four spaces on press conference backdrops used throughout the season.
Floki will have a strong presence on Nottingham Forest's social media channels. The brand will be mentioned in posts related to full-time scores for both the men’s and women’s senior teams and in all substitution announcements.
Additionally, Floki will have a full-page presence in the matchday programmes distributed at each home game, and its logo will be displayed on the front cover. This helps connect Floki to the matchday experience and the fans.
Fans can look forward to exciting offerings, such as signed merchandise. At the end of the season, Floki will offer fans the chance to participate in a ‘play on the pitch’ experience at the stadium.
Paul Bell, Nottingham Forest's Chief Operating Officer (COO), said, “We are delighted to welcome Floki as an official partner and look forward to working closely with them as we head into the 2024/25 season. As one of the most innovative companies within this sector, we're excited to work collaboratively with the Floki community.”
Popularity of EPL
English Premier League (EPL) is the most popular sports league in the world. It has more viewers than both the UEFA Champions League and the Bundesliga combined. In the 2022/23 season, the EPL had a total audience of 3.23 billion people. These games were broadcast to 712 million households in 190 countries.
According to Nielsen, 2.01 billion viewers watched live match broadcasts over the season. Additionally, 1.22 billion viewers tuned into highlight shows and other related programming. English Premier League clubs also have a massive following on social media with over half a billion followers spread across Facebook, Instagram, TikTok, X, and YouTube.
Nottingham Forest's History
Founded in 1865, Nottingham Forest is a club with a rich history. It is one of only eight clubs, including Liverpool, Ajax, Bayern Munich, and Real Madrid, to have won back-to-back European championships. Nottingham Forest also has a strong online presence, with over 4.5 million followers on various social media platforms. This includes one million fans on Facebook, 670,000 followers on X, one million followers on Instagram, 1.2 million followers on TikTok, and 184,000 subscribers on YouTube.
About Floki
Floki is the people’s cryptocurrency and utility token of the Floki Ecosystem. Floki aims to become the world’s most known and used cryptocurrency, focusing on utility, philanthropy, community, and marketing. Floki currently has over 490,000 holders and a strong brand recognized globally thanks to strategic marketing partnerships.
Mosaic Chain Secures 73rd Parachain Slot on Polkadot (15 Aug)
Budapest, Hungary, August 15th, 2024, Chainwire
Mosaic Chain has successfully secured a parachain slot on the Polkadot Relay Chain, marking a significant milestone in its journey towards the mainnet launch.
By winning the 73rd parachain auction, Mosaic Chain will be connected to Polkadot for approximately 96 weeks, from July 3, 2024, to May 8, 2026. During this period, the Polkadot Relay Chain will provide full economic security and trustless interoperability for Mosaic Chain through XCM.
The auction was won with a simplified version of the Mosaic Chain runtime, known as a placeholder runtime, which will be continuously upgraded as development progresses. Mosaic Chain is also preparing to launch its testnet soon, where it will beta-test new functionalities, including an NFT-based Consensus Mechanism. The testnet will allow for the refinement of features before these are implemented on the mainnet.
Additionally, Mosaic Chain plans to launch ‘Mosaic Alpha V2’, its first decentralized application (dApp), which will offer decentralized portfolio management through Token Baskets, incorporating tokens from Ethereum, Binance Smart Chain and Polkadot ecosystems.
"When designing the Mosaic Alpha platform, extensive research revealed the lack of an ideal home for DeFi apps. Universal blockchains like Ethereum and Binance Smart Chain, while suitable for various applications, often fall short for finance due to competition for transaction processing capacity, leading to potential delays and increased costs. Recognizing the need for a more reliable solution, Mosaic Chain was developed specifically for financial service providers in both Traditional Finance and Web3. This blockchain aims to create an optimal environment for financial projects to flourish and bridge the gap between the two worlds," said Attila Vidákovics, CEO at Mosaic Chain.
Built with the Substrate blockchain builder framework, Mosaic Chain will support advanced functionalities such as decentralized on-chain governance, trustless interoperability, forkless runtime upgrades, and light-client support.
About Mosaic Chain
Mosaic Chain is dedicated to advancing the capabilities and interoperability of decentralized networks. Through their innovative approach and robust development framework, they aim to provide a secure, scalable, and versatile platform for developers and users alike.
In a groundbreaking move to address the challenges of equitable asset distribution and decentralization in the cryptocurrency space, Cellula has unveiled its innovative programmable incentive layer built on the Ethereum Virtual Machine (EVM) ecosystem. At the core of Cellula's innovation is its virtual Proof-of-Work (vPOW) consensus mechanism, which combines principles from Conway's Game of Life, Variable Rate GDAs Algorithm, and Game Theory to revolutionize the way digital assets are distributed and liquidity is allocated.
The crypto industry has long grappled with the issue of "whales" - a small group of individuals or entities that accumulate a disproportionate share of assets, leading to market manipulation, reduced decentralization, and limited participation opportunities for smaller investors. Additionally, traditional asset distribution methods, such as pre-mining, have further concentrated ownership, undermining the fairness and accessibility of these ecosystems.
"We have grown weary of the war between the witches and the hunters," said the Cellula team. "Cellula seeks to address these dual challenges by reintroducing the BTC Proof-of-Work mechanism to EVM-compatible networks, pioneering asset distribution and liquidity allocation guidance through virtual Proof of Work (vPOW)."
Cellula's vPOW mechanism empowers "BitLife" entities with unique hashrates, enabling them to engage in a gamified mining process that generates dynamic incentives. This revolutionary approach is powered by Cellula's trifecta of innovative algorithms: Conway's Game of Life for mining, Variable Rate GDAs (VRGDA) for pricing, and the Analysoor protocol for fair distribution and liquidity guidance.
Mining Algorithm - Conway's Game of Life - Genetic Code Of On-Chain Digital Life: Conway's Game of Life underpins Cellula's on-chain entities, "BitLife," which evolve dynamically, reflecting natural life cycles and enabling complex AI development within the blockchain. This gamified mining process encourages participants to develop more optimal strategies to potentially earn additional block rewards, fostering a competitive environment that ensures only committed resources are rewarded.
Pricing Algorithm - Variable Rate GDAs - A Dynamic Pricing for NFT Distributions: VRGDA adjusts asset prices based on demand, increasing when sales are high and decreasing when they lag, ensuring balanced distribution even in illiquid markets. This dynamic pricing model helps to prevent the concentration of assets in the hands of a few, promoting wider participation and a more equitable distribution.
Consensus Algorithm - Analysoor - Fair Asset Distribution And Liquidity Guidance: Analysoor is a Fair Launch protocol on Solana that uses block hashes for a random number generator to distribute NFTs and tokens fairly. Unlike traditional models, it avoids high GAS fees and bidding wars by offering fixed-cost "block lottery tickets" for participation. Each ticket's block hash determines winners transparently, preventing bots and ensuring equal opportunities for all users, regardless of financial power. Transaction fees from the lottery are used to inject liquidity into new assets, promoting ecosystem growth. Integrating Analysoor with vPOW also provides fairer asset distribution and better liquidity allocation guidance.
"Cellula's vPOW mechanism is truly a game-changer," explained the Cellula team. "By seamlessly integrating these cutting-edge technologies, we have created a programmable incentive layer that is poised to reshape the future of decentralized finance and on-chain participation."
One of the key features that sets Cellula apart is its permissionless nature. The vPOW mechanism allows any participant (miner) in the network to potentially earn rewards by minting and charging Bitlife, without the need for a central authority to allocate resources. This approach ensures a more open and transparent asset distribution process, fostering greater decentralization and accessibility.
Transparency is also a cornerstone of Cellula's design. All algorithms and asset distribution processes are recorded on-chain, enabling anyone the ability to verify and review the process, thereby increasing the system's transparency and credibility.
"Cellula is poised to usher in a new era of on-chain participation and value creation," said the Cellula team. "By seamlessly integrating these innovative technologies, we are redefining the way assets are distributed and liquidity is allocated, paving the way for a more equitable and decentralized crypto ecosystem."
With its comprehensive approach to addressing the challenges of asset distribution and decentralization, Cellula is set to revolutionize the way the crypto industry approaches these critical issues. As the project continues to evolve and expand its reach, it remains a beacon of hope for a future where fair and transparent asset distribution is the norm, not the exception.
About Cellula
Cellula is a pioneering programmable incentive layer that revolutionizes asset issuance on the Ethereum Virtual Machine (EVM). Utilizing a novel virtual Proof-of-Work (vPOW) consensus mechanism, Cellula combines the principles of Conway's Game of Life, Variable Rate GDAs Algorithm, and Game Theory to create evolutionary, intelligent, and programmable on-chain digital entities known as BitLifes.
For more information on Cellula and its groundbreaking programmable incentive layer, users can visit the project's Gitbook at https://cellulalifegame.gitbook.io/cellula.
ELFi Protocol, a DEX Derivatives Platform, Officially Launched With a $100,000 Airdrop Event (15 ...
Singapore, Singapore, August 14th, 2024, Chainwire
The decentralized derivatives trading platform, ELFi Protocol, officially launched today on the Arbitrum network.
ELFi is a decentralized derivatives trading platform dedicated to creating a unique and forward-looking trading experience that rivals centralized exchanges (CEX). ELFi is the first to implement a Portfolio Margin and vAMM hybrid model on-chain. Additionally, the platform has designed an innovative zero-risk stable coin liquidity pool and a mature risk management system for contracts of various risk levels. The platform strives to better meet market and user needs in areas such as risk isolation, asset pricing, and support for LSD assets.
Innovative Features Introduced by ELFi:
Portfolio Margin Mode: This feature allows users to use various cryptocurrencies as margin assets, enabling more flexible risk hedging within their multi-asset portfolios. It improves capital efficiency, reduces trading costs, and enhances the implementation of trading strategies.
Zero-Risk Stablecoin Liquidity Pool: This on-chain yield product offers returns compared to DeFi industry rates. Users can deposit stable coins such as USDC or USDT to enjoy potential returns without the risk of capital loss due to market volatility.
High-Yield Coin-Margined Liquidity Pool: This feature offers potential high-yield products pegged to coin prices for on-chain asset holders, including liquidity pools for major cryptocurrencies like BTC and ETH.
Support for LSD Re-Staking: The upcoming LSD re-staking feature will allow synthetic assets like stETH to be re-staked, providing additional yield opportunities.
In May of this year, ELFi Protocol announced its funding, successfully completing two strategic funding rounds totaling $5 million. The latest round was led by IDG Capital and KuCoin Ventures.
Mainnet Launch Limited-Time Event
To celebrate the launch, ELFi is hosting an event with an initial prize pool of $5,000. For every $10 million in trading volume, the platform will add an additional $1,000 to the prize pool, with a maximum prize pool of $100,000. Users holding ELFi's beta test NFTs can earn accelerated rewards, and each valid user referral will also result in accelerated rewards, with the maximum acceleration being 5x.
Users who interact with ELFi by staking or trading will be eligible to share the prize pool. The prize pool will be divided based on each user’s share of the total interaction volume at the end of the event. The final prize pool amount will be announced at the end of the event.
NFT Double Rewards for Beta Users
Users who obtained the official ELFi NFTs during the beta test can receive an additional 1-2x reward during the event
About ELFi Protocol
ELFi is a decentralized derivatives trading platform that focuses on delivering top-notch trading functionalities. It’s the pioneer in supporting Portfolio Margin within the P2Pool model, and boasts a sophisticated risk management system for listing contracts of various risk levels. Additionally, ELFi introduces innovative liquidity pool designs, offering industry-first zero-risk stablecoin liquidity pools and LSD re-collateralized liquidity pools. It strives to better meet market and user demands through features like risk isolation, asset pricing, and LST asset support..
IAgent Protocol Unveils Revolutionary Human-Trained AI-Agent From Visual Data (14 Aug)
Los Angeles, CA, August 14th, 2024, Chainwire
iAgent protocol introduced an innovative AI-agent as digital asset class at Malaysia Blockchain Week in Kuala Lumpur and Asia Blockchain Summit in Taiwan this month, allowing gamers around the world to create, train, trade, and monetize personalized game AI-agents that take the NPCs of the past to a whole new level. iAgent protocol has developed the world’s first AI-agent trained from pro-players’ gameplay footage in Counter-Strike. This new AI asset class has the potential to spur a renaissance of innovation and growth within the gaming industry.
At both MBW and ABS, attendees received a first look at the revolutionary new class of digital gaming assets. iAgent Protocol presented new technology on August 1st and 6th, which uses AI Modules to train gaming characters based on gameplay footage. Their presentation featured an iAgent trained from the video footage of Flaxciz, a professional CS player from Team Secret.
iAgents are here to not only rehaul the outdated NPCs of the gaming world, but also to empower all gamers within the ecosystem. Any user can train an AI-agent with the gameplay footage and then trade, rent, and monetize their personal game agents. Whether it's a casual gamer playing with friends, or an entire studio wanting to add world-class human-trained AI characters to their game, iAgent offers new solutions and possibilities.
In collaboration with Alliance, a global esports powerhouse competing at the forefront of the world’s most popular games, and Team Secret, a professional esports organization, iAgent was able to train a character based on the gameplay footage of Flaxciz.
Jamie Batzorig, CEO of iAgent and keynote speaker, unveiled the human-trained iAgent for the first time. The development team worked with AethirCloud, the project building scalable decentralized cloud infrastructure for Gaming and AI. Powered by DePIN, iAgent protocol leverages underutilized GPU resources from around the world and transforms them into a distributed GPU network dedicated to training AI-agents.
iAgent is supported by GEDA, a web3 esports ecosystem that is onboarding esports enthusiasts, and Emerge group, gaming marketing agency who have worked with well-known names like Valorant, Mobile Legends, and Riot Games.
The team at iAgent aims to democratize gaming by creating AI-agents as digital assets and providing all gamers with the tools and infrastructure to train their own Agents. These human trained AI-Agents represent players’ gaming strategies, styles, and creativity turning them into a digital representation of their gaming persona.
By creating the world’s first AI-agent trained on a pro esports player footage, iAgent is aiming to alter the landscape and future of gaming. The tools used to create this groundbreaking digital asset and gaming character will soon be available to everyone in the gaming ecosystem. A player only needs gameplay footage to develop their own AI-agent. With the first-of-its-kind AI_NFT standard (OFT), the creators will have full ownership over their AI-agents running on multiple chains using innovative technology developed by LayerZero Labs.
About iAgent
The iAgent protocol allows the world gamers to train their own AI agents to mimic the players behavior from gameplay footage, powered by DePIN, decentralized computing, thereby creating a new digital asset class on the blockchain.
Users can follow iAgent on X, notifications on.
Press contact: Sarah@tokenpr.com
Source: iAgent Protocol
Los Angeles, CA
Disclaimer:
This press release may contain forward-looking statements. Forward-looking statements describe future expectations, plans, results, or strategies (including product offerings, regulatory plans and business plans) and may change without notice. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements.
Artificial intelligence startup HyperCycle has unveiled RingOfRings, a collaboration designed to enhance digital asset management. The initiative aims to bolster trust and credibility for emerging crypto projects by demonstrating their commitment to implementing robust security standards.
Announced at Blockchain Futurist Conference on August 14, RingOfRings will form a comprehensive and collaborative ecosystem that enhances trust while reducing third-party dependencies. The initiative combines advanced hardware technology with a pioneering crypto-economic token model to advance security, utility, and legitimacy.
The project leverages HyperRing technology and leverages strategic partnerships with key industry players to provide a secure and versatile solution for managing digital assets across multiple platforms, HD wallets, exchanges, and blockchains.
RingOfRings uses a wearable smart ring developed by HyperCycle to provide hardware authentication. Known as RingOfRings, the device serves as a hardware token for multi-factor authentication in blockchain transactions. Users can authorise transactions through physical gestures such as tapping. The ring’s energy-efficient design requires no recharging or maintenance and the device is virtually tamper-proof to maximise security.
The RingOfRings project also incorporates a novel solution for reliable token vesting. A dual-layer system sees tokens secured through traditional cryptographic means, while a second layer requires active participation from the token holder involving physical verification through the RingOfRings device to unlock tokens.
By incentivizing genuine user interaction and providing partners with control over token distribution, RingOfRings aims to facilitate authentic and measurable mainstream adoption. The project addresses critical security threats such as thefts, hacks, and fraud, restoring trust in the cryptocurrency ecosystem and driving widespread adoption of blockchain technology.
The RingOfRings project also incorporates a native token, 0kpR, which has a 34B supply. 30 billion tokens are allocated to 30 major partners including exchanges, wallets, and blockchains with the remainder reserved for fundraising, founders, team, and investors. Partners have autonomy over the distribution of their allocation and users are incentivized to use the RingOfRings to unlock the second stage of vesting, promoting real user adoption.
As a decentralised project governed by the 30 participating projects, RingOfRings ensures that all stakeholders have a say in ecosystem development and governance. RingOfRings represents a significant advancement in the cryptocurrency space, addressing crucial security concerns and fostering legitimate user adoption. By integrating innovative technology and strategic partnerships, RingOfRings aims to forge a trustworthy and user-centric crypto ecosystem with security at its core.
About RingOfRings
RingOfRings is a community of communities. It features a wearable ring that community members can use to secure their assets and aims to form a circle of trust to strengthen the crypto industry. RingOfRings provides unique social and security benefits that are enhanced by an additional level of trust that empowers members to preserve their self sovereignty.
Learn more: https://www.0kpr.com/
About HyperCycle
HyperCycle is a decentralised AI initiative looking to address the shortcomings of existing compute solutions. It uses cryptographic proofs to enable scalable AI-to-AI communication on a peer-to-peer basis to increase the efficiency of learning algorithms with faster access to compute. The project has signed up nearly 397,000 nodes to its network, each of which can support 150 AI agents that can communicate and interact with the rest of the network with 300 millisecond transaction finality.
Avatar.One Helps Over 120K Active Users Battle the Loneliness Epidemic With 3D AI Companions (14 ...
Road Town, British Virgin Islands, August 14th, 2024, Chainwire
Matrix.One, the decentralized protocol accelerating the development of human-like AI characters, is thrilled to announce that their flagship product, Avatar.One, has surpassed 120,000 monthly active users worldwide since it launched earlier this year, with many of the users spending over three hours chatting with their personalized AI companions. Built on Solana, with more than 100,000 connected Solana wallets, Avatar.One enables users to easily create their ideal 3D AI companion to help fight the loneliness epidemic worldwide.
Avatar.One’s avatar maker allows users to define the AI companion’s personality, choosing from hundreds of thousands of variations, and even giving it a live AI-generated voice. Users get to chat unfiltered with their characters, flirt, receive selfies and videos, and create memories together. They can even further develop the AI character’s personality by adding memories.
Last year, the World Health Organization (WHO) declared loneliness a “global public health concern” that could be as bad for people’s health as smoking 15 cigarettes a day. Among the older adults, loneliness is associated with a 50% higher risk of developing dementia and a 30% increased risk of stroke.
According to a Harvard University survey, 61% of Americans aged 18 - 24 experience severe loneliness. Another Harvard study conducted this year suggests that interaction with AI companions reduces loneliness on par with interacting with another human. Further studies have also revealed AI Companions can assist in social and emotional skill development.
Mark Studholme, Co-Founder of Avatar.One and Matrix One, said, “I envision a future where every living person can own an AI character they define. These AI characters can help them with daily tasks, whether that be reminding you of your mom’s birthday, watching Netflix with you on the couch, or even paying your taxes.”
The loneliness epidemic is a significant problem. But with the rise in AI technology and its rate of development, it’s possible to build a future where everyone has a full-time 3D companion to help with everything from conversation to advice on cooking, reminders about important events, submitting taxes, financial management, and more. The quality of the chat experience is constantly improving and better able to emulate real human interactions as AI models get more refined.
Avatar.One is powered by Matrix One’s custom built decentralized protocol, which boasts a character studio, avatar maker, and a vast library of LLMs. From this technology, 3D AI characters can be integrated with game engines such as Unreal, Unity and Three.js. Matrix One allows fully animated AI powered characters to be delivered across many different mediums including web, mobile, VR, AR and more. As a result, all avatars are downloadable for use in over 200 games and applications.
Avatar.One prioritizes user safety and privacy. All interactions and user data are stored in an encrypted database using SSH and kept confidential, never to be shared with third parties. It also uses passwordless authentication to ensure that a user’s password cannot be stolen.
The user growth milestone comes as Matrix.One prepares for its upcoming token generation event (TGE) on Polkastarter, Seedify and ChainGPT in the weeks before the token’s listing on centralized exchanges. The $MATRIX token enables participation and transaction within the Matrix One network, allowing users to access, create, and interact with AI characters, besides giving holders governance rights.
Avatar.One is available to anyone above the age of 18 who feels AI companions can alleviate their loneliness. The platform plans to make on-chain characters available soon, allowing users to fully own their character and interaction history.
About Avatar.One
Powered by Matrix.One’s custom-built decentralized protocol, Avatar.One is a 3D AI companion platform. Its mission is to deliver users the most human-like virtual companion experience possible, by using cutting-edge 3D and AI technologies.
For more information, visit: Website | X | YouTube | TikTok | Instagram
VALR Opens Euro Deposits Via Wire Transfer, Lists Circle’s EURO Coin (EURC) (14 Aug)
Singapore, Singapore, August 14th, 2024, Chainwire
VALR, the Pantera-backed crypto exchange, is pleased to announce the listing of EURO Coin (EURC), a stablecoin issued by Circle and pegged to the Euro.
With the introduction of EURC to the platform, users can now trade the stablecoin at Spot against USDC, Bitcoin, and the South African Rand (ZAR). The newly launched trading pairs include:
- EURC/USDC
- EURC/BTC
- EURC/ZAR
In addition, VALR now enables for Euro deposits via Wire Transfer, supporting both SWIFT and SEPA transfers, and has partnered with Circle to enable for a seamless conversion to EURC. This feature allows users to either purchase EURC directly or engage with VALR’s OTC Trading Desk to procure EURC in bulk.
Farzam Ehsani, CEO and Co-founder of VALR, stated: "The listing of EURC on VALR and the ability for customers to seamlessly convert Euros to EURC via wire transfer marks a significant step in our mission to provide accessible and comprehensive cryptocurrency services. Partnering with Circle allows us to offer our customers a seamless and secure way to engage with digital assets, tailored to their diverse needs."
About VALR
Founded in 2018, VALR is a global cryptocurrency exchange serving over 1,000 corporate and institutional clients and close to 700,000 traders worldwide. Headquartered in Johannesburg, VALR is licensed by the Financial Sector Conduct Authority (FSCA) in South Africa, approved to offer services in Europe, and has received initial approval from Dubai’s VARA. The exchange has secured $55 million in equity funding from prominent investors, including Pantera Capital, Coinbase Ventures, and Avon Ventures, affiliated with Fidelity Investments' parent company. For more information, visit: valr.com.
Kokomo Games Enters Web3 Gaming With Oversubscribed Angel Round (13 Aug)
London, UK, August 15th, 2024, Chainwire
Kokomo Games, the unified multichain mini-gaming ecosystem, announced its entry into the Web3 gaming market. Founded by industry veterans with experience developing titles such as Call of Duty Mobile and League of Legends, as well as a track record scaling Web3 token projects and developing well known DApps, Kokomo Games is enhancing gaming experiences by bringing Web3 technologies to casual Web2 games.
Kokomo Games introduces a novel approach and has created unique retention mechanisms never done before in GameFi, enhancing the engaging gameplay of proven Web2 concepts with the financial incentives and rewards unique to Web3. This project creates a cohesive ecosystem where individual player investment and skill are directly rewarded with real-world value, whilst community activity is also tightly linked to community rewards.
Kokomo Games has garnered support from a diverse group of investors during its early stages. The company's angel round was oversubscribed, from prominent backers such as DAO Jones, including figures like Steve Aoki and Mike Shinoda from Linkin Park. Angels from The Sandbox, Crypto.com Capital, SoftBank, Kraken, Republic, and other prominent players, also invested.
"At Kokomo Games, we are simplifying Web3 Gaming, focussing on proven Web2 experiences and enhancing them with adaptations of successful blockchain models in a community-driven, anyone-can-win setting," said Ben Seipt, Studio Lead of Kokomo Games. "Our vision is to build a casual, social, yet competitive mini-gaming ecosystem where players enjoy tangible rewards and incentives from hundreds of easy and fun games across multiple platforms.”
The experienced team comes together from Activision, Riot Games, Gala Games, LimeWire, SuperRare, Bitpanda, and Oxford & Cambridge University, and has a robust track record as core contributors in both gaming and Web3 worlds; launching and scaling token projects to valuations over $1B, raising over $20M across various projects, and onboarding over a million users to Web3 DApps. Kokomo Games introduces a unique token model designed to accrue value as the gaming ecosystem grows, offering players the opportunity to earn rewards based on their participation and skill.
Kokomo’s first title, ‘One Million and One Kokos’, seeks to reinvent the viral Web3 clicker model, drawing inspiration from a similar viral Web2 concept, but adding Web3 elements and a competitive multiplayer twist. The title will debut soon on blockchain-gaming’s hottest platform, Telegram.
About Kokomo Games: Kokomo Games is dedicated to advancing the GameFi experience with simplicity, integrating the best of Web2 and Web3 technologies, structures and incentives. Founded by Web3 and gaming industry veterans from leaders like Activision, Riot Games and Gala Games, the team seeks to transform casual mini-gaming into a rewarding experience where players earn real-world value in a social, community-driven, competitive setting. Backed by prominent investors, Kokomo Games is setting new standards in the gaming economy.
Floki Announces Major Ad Campaign for Valhalla in the English Premier League for 2024-25 Season (...
Miami, Florida, August 13th, 2024, Chainwire
Floki is proud to announce that Valhalla, Floki's groundbreaking PlayToEarn MMORPG, will be at the forefront of a high-profile advertising campaign throughout the 2024-25 season of the English Premier League (EPL).
Leveraging LED perimeter boards during live games, this campaign will deliver massive global exposure and enhance the brand’s credibility.
The English Premier League is the most popular sporting league globally, attracting more viewers than both the UEFA Champions League and the Bundesliga combined. For the 2022-23 season, the EPL boasted a cumulative audience of 3.23 billion.
Broadcasting to 712 million households across 190 countries, the league reaches 2.01 billion viewers of live match programming over the season and 1.22 billion viewers of highlight shows and other non-live content, according to data sourced from Nielsen.
Premier League clubs also have a staggering following on social media, with over half a billion total followers. Leading the way, Facebook has 240 million followers, Instagram has 157 million, TikTok has 56 million, X has 123 million, and YouTube has 28 million.
Valhalla’s LED perimeter board ads will be strategically placed to maximize visibility. The full TV-facing ad system ensures that the ads are prominently visible during broadcasts. Creative flexibility allows for dynamically tailored ad content. Branding will be visible inside the event itself, providing in-program exposure.
The ads will ensure multichannel coverage, making them visible across various devices and platforms, including broadcast, social media, mobile, and online. There are no virtual overlays to interfere with the ads in the Premier League, ensuring uninterrupted visibility. Additionally, minimal ad avoidance makes the ads almost unavoidable for viewers.
According to the team, each minute of LED ad delivery results in an astounding 156 minutes of global on-screen visibility.
The ad campaign will cover 100 minutes of ad time throughout the season and will be globally broadcast to ensure extensive reach. At least 40% of the advertising inventory will be shown during matches featuring the league’s top clubs.
The extensive campaign is projected to reach a massive global audience. In total, it is expected to reach over 200 million people, with about 1.2 billion impressions and a total on-screen duration of nearly 440 hours. In Europe, the campaign is projected to generate around 81 million impressions with an on-screen duration of approximately 181 hours.
In Asia & Oceania, about 47 million impressions are expected with an on-screen duration of nearly 168 hours. In Africa, the campaign is projected to achieve around 48 million impressions and an on-screen duration of almost 34 hours.
This campaign will be featured on some of the biggest broadcasters in the world, including Sky Sports, TNT, Amazon Prime, BBC (highlights), NBC Sports (including Peacock), USA Network, Telemundo, FuboTV, Optus Sports, Star Sports, Disney+ Hotstar, beIN Sports, Supersport, Sky Deutschland, Canal+, DAZN, Sky Italia, Astro, Now TV, and Truevisions.
About Valhalla
Valhalla is a spin on the classic Creature-Collection adventure set in a vibrant, lively, MMORPG open-world inspired by Norse mythology. Players interact with a diverse set of eccentric creatures called Veras, discovering, taming, training, and trading them. Alone or as a clan, players partake in a dynamic, player-driven economy to rise in community ranks and achieve tactical supremacy on the hexagonal-grid battlefield.
Website: Valhalla.game
About Floki
Floki is the people’s cryptocurrency and utility token of the Floki Ecosystem. Floki aims to become the world’s most known and used cryptocurrency, focusing on utility, philanthropy, community, and marketing. Floki currently has over 490,000 holders and a strong brand recognized globally thanks to strategic marketing partnerships.
World Mobile Accelerates U.S. Network Growth With Second Batch of AirNode Sales (13 Aug)
London, United Kingdom, August 13th, 2024, Chainwire
The DePIN network releases over 700 AirNodes in Northern Nevada and California, enhancing rewards for AirNode operators and connectivity for underserved communities.
World Mobile, a leader in decentralized physical infrastructure networks (DePIN), today launched the second batch of AirNode sales, marking a significant expansion of its U.S. wireless network and reinforcing its commitment to connecting underserved communities.
This new launch includes the deployment of over 700 AirNodes across Northern Nevada and California, to be distributed through global sales across multiple drops. The introduction of Batch Two follows the rapid sellout of Batch One earlier this year, which saw a complete uptake in fewer than 36 hours. World Mobile’s AirNodes, which are decentralized wireless network nodes, provide both cellular and fixed wireless internet connectivity, particularly to areas where traditional services fall short.
AirNodes offer a unique opportunity for anyone to purchase and operate a DePIN node. AirNode Operators are rewarded based on the subscriber usage of the wireless services provided by their AirNode. In June, the average rewards payment for Operators exceeded $400, highlighting the impact of participation in the network.
“The launch of Batch Two is a testament to our unwavering commitment to revolutionizing global connectivity," said Micky Watkins, CEO of World Mobile Group. "We're enabling communities to take control of their own networks, ensuring they not only gain access to reliable wireless connectivity, but also benefit economically through rewards. This initiative underscores our belief that connectivity should be both accessible and rewarding for everyone involved."
Batch Two introduces two new AirNode models—the Apex and Link AirNodes. Together, these models provide cutting-edge fixed wireless internet access to subscribers while simultaneously enhancing World Mobile's cellular network capabilities. The Apex AirNode is priced at $15,999, and the Link AirNode at $749 ($699 for those on the Early Access Whitelist).
As World Mobile's network continues to expand, it recently surpassed 100,000 daily active users globally, representing a 400 percent growth over the last year. This achievement positions World Mobile as the largest decentralized wireless network by unique users, with the network’s operations supported by World Mobile Token (WMT). All network transactions, including calls, data, and wallet transactions, will be compensated in WMT, ensuring that operators and stakers remain incentivized and engaged in driving ecosystem growth.
About World Mobile Group
World Mobile Group is democratizing global connectivity through its blockchain-based decentralized physical infrastructure network (DePIN). Unlike traditional telecom providers, World Mobile operates on a sharing economy model, enabling individuals and businesses to run nodes, connect their communities, and earn rewards. For more information, users can visit https://worldmobile.io/ and join their community:
Kelp DAO Launches ‘Gain Vault’ With First Integrated L2 Access (13 Aug)
Dubai, UAE, August 13th, 2024, Chainwire
Kelp DAO, a liquid restaking platform is launching the ‘Kelp Gain Vaults’ Program. The program enhances earning potential of airdrops and rewards for restakers and users, being the first project giving access to multiple Layer 2 airdrops in a single, diversified strategy.
Kelp Gain allows users to benefit from streamlined access to diverse rewards strategies through a single click. The program will initially feature the Airdrop Gain Vault, a specialized vault that simplifies participation in airdrop opportunities across various L2 protocols, without managing individual positions.
The vaults leverage smart contracts to manage asset deployments and maximize airdrops and rewards. Users deposit assets into the vault and receive a synthetic token in return. These assets are then allocated to curated reward opportunities, with periodic adjustments made by the vault’s strategy manager to optimize returns and mitigate risks. This approach provides comprehensive access to L2 airdrops and also utilizes the composability of DeFi with synthetic token.
"The Kelp Gain Vault is a leap forward in user experience, reward optimization and leveraging DeFi composability," said Amitej G, Co-founder of Kelp DAO. "By focusing on targeted strategies and integrating with both L2 protocols and mainnet DeFi yields, we are providing users with a comprehensive, automated solution to maximize rewards potential. This collaboration with our range of partners ensures users benefit from streamlined access to high-growth opportunities with minimal effort."
The Airdrop Gain Vault lets users deposit assets like ETH or rsETH, which are then bridged to partner L2s to enhance airdrop potential. The vault also integrates with mainnet DeFi yields, allowing users to engage in multiple DeFi strategies via a single synthetic token, agETH. Additionally, users can further enhance yields with the synthetic reward bearing token that can be deployed on Pendle and other DeFi protocols for earning fixed yields, and speculating on airdrops by earning multi-fold points.
The vault is being launched in partnership with August, an institutional grade platform for crypto, developing the smart contract infrastructure, and Tulipa Capital acting as the lead strategy partner for the Airdrop Gain Vault, with L2/ DeFi partners including Linea, Karak, Scroll, Pendle, Across, LZ, Pendle, Spectra, Lyra and several DEXs. The launch of Kelp Gain marks an industry wide progression toward automated reward management and investment strategies.
To access the vault, click this link.
About Kelp DAO:
Kelp DAO is one of the leading liquid restaking protocols—having crossed $1 billion in TVL in June 2024—with 250k+ ETH under management across 45,000 restakers. Their liquid restaked token (LRT) was the first to hit the Ethereum mainnet and pioneered liquid restaking with liquid staking tokens. Currently, Kelp DAO facilitates liquid restaking for native ETH and LSTs alike across Ethereum mainnet and 8 L2 networks.
Victoria VR Unveils Strategic PvP Game on Telegram (13 Aug)
Prague, Czech Republic, August 13th, 2024, Chainwire
Victoria VR, a blockchain Virtual Reality World and AI VR builder developer, today announced the launch of its latest game, VRtap. Designed as a cutting-edge Strategic PvP for Telegram, the new title mixes play-to-earn with strategic PvP battle to connect realistic Virtual Reality gaming to mobile users.
Allowing players to engage in dynamic gameplay by developing unique characters and champions, competing in strategic PvP battles, and gathering valuable resources, the game features an immersive experience that incorporates the principles of the five natural elements of Feng Shui. Players can master and purchase a variety of champion characters, each with unique abilities, and level them up to enhance their skills in battle. Exclusive champion skins and a quest and task system are essential to gameplay, furnishing additional customization.
With strategic PvP battles at the heart of the game, players use spells to outmaneuver and defeat their opponents. Players earn VR Points as both active and passive income from winning battles or mining resources, offering multiple strategies for wealth accumulation in a unique play-to-earn VR environment.
"With the launch of VRtap, we are bringing a new level of strategic gameplay to mobile devices while introducing immersive experiences that our VR games are known for," said Adam Bém, CEO & Co-Founder at Victoria VR. "Combining the tactical depth of strategic PvP battles with the accessibility of Telegram, we are creating a bridge between mobile and VR gaming. This integration enables our community to engage across platforms in an innovative manner. Additionally, there are rumors that VRtap active users may be rewarded with a completely new category of airdrop, which has never been seen before!”
The Telegram game is a mobile extension of Victoria VR’s PvP Arenas, integrating with the existing VR game to allow players to connect with the community and compete for VR Points.
Play the game here.
About Victoria VR
Victoria VR is a blockchain-based Virtual Reality World with Realistic Graphics. It combines MMORPG elements with a revolutionary VR AI Builder, allowing anyone to create their own VR experiences without any coding skills.
Bit-Chess Announced Its Presale for Decentralized Chess to Take the Center Stage (13 Aug)
Prien am Chiemsee, Germany, August 13th, 2024, Chainwire
Bit-Chess, a newly launched crypto project, proudly announces the presale launch of the world's first fully decentralized chess platform. This groundbreaking platform aims to bring millions of online chess players into the expanding cryptocurrency industry.
The Bit-Chess team shared this exciting news on their X account (formerly known as Twitter), highlighting their commitment to revolutionizing how chess enthusiasts engage with the game in the digital age.
Bit-Chess Launched Its Presale Phase
Bit-Chess, the first fully decentralized online chess platform, has announced on its X account the launch of its official presale phase.
This initiative marks a noteworthy step in incorporating millions of online chess players into the revolutionizing crypto industry.
The presale is designed for chess lovers and investors who want to get in early on this exciting chess-focused project. Bit-Chess aims to bring the world of chess into the decentralized crypto space, offering a unique blend of strategic gaming and blockchain technology.
With a total supply of 210 billion tokens, $BCC is a Solana-based token that will serve as the governance token within the Bit-Chess ecosystem. This means that HODLers of $BCC will have a say in important decisions about the platform's future. For the presale phase, Bit-Chess offers 23.625 billion $BCC tokens, 11.25% of the total supply.
Currently, 1 $BCC is priced at $0.000373, and interested buyers can purchase tokens at this early stage to secure them at a significant discount.
The tokens can be bought on the project's official website using various popular cryptocurrencies, including Solana (SOL), Ethereum (ETH), Binance Coin (BNB), Bitcoin (BTC), and Tether (USDT). This makes participation accessible to a wide range of investors.
The presale is an opportunity for those who see the potential of combining this timeless game with the latest blockchain technology.
Notable Features of Bit-Chess
Bit-Chess is set to significantly impact the chess world by integrating traditional gameplay with modern blockchain technology through the Solana network.
Here are some key features that distinguish Bit-Chess:
Guideline with InGame Wallets - The platform will offer a detailed guideline for those new to crypto or chess, as its goal is to educate anyone interested and attract millions to crypto.
$BCC - Bit Chess Coin - The $BCC smart contract will be developed in the short term on the Solana-Blockchain with a strong partner of Bit-Chess Solidproof to ensure 100% security and transparency made in Germany.
Play-to-Earn (P2E) Mechanics - Bit-Chess introduces a play-to-earn model where players can earn rewards through their gameplay. These rewards will be airdropped automatically and can be converted into real-world value, adding a new layer of benefit to playing chess.
Global Tournaments - The platform will host tournaments that allow players from all over the world to compete against one another. Winners will have the chance to earn cash prizes and exclusive NFTs, creating a competitive and rewarding environment.
Player-Versus-Player Matches - Players can engage in one-on-one matches to test their skills against other chess enthusiasts. This feature offers a direct, competitive experience, allowing players to challenge and improve their strategic abilities.
Exclusive NFTs - Bit-Chess will offer special NFTs that highlight stakers more rewards. There will be a total of 2,000 unique NFTs available, with an initial limited release of 500 during the pre-sale.
Bit-Chess NFT-Marketplace - Bit-Chess uses digital chess pieces as NFTs, from pawns to kings. Each piece has unique characteristics and abilities determined by their digital genes. These pieces can be bought, bred, traded and borrowed.
Merchandise Store of Bit-Chess - Bit Chess also implements a merchandise store who guarantee to use every single earning for BuyBacks of the $BCC.
$BCC Burn - In the Bit Chess environment there will also be a burn mechanism integrated.
About Bit-Chess
Bit-Chess is introducing a new way to play and enjoy chess using blockchain technology.
It is the first chess platform built on the Solana blockchain, which uses digital technology to create a more secure and open gaming environment.
Bit-Chess aims to blend the traditional game of chess with modern technology. Its goal is to offer a platform where players can not only play chess but also participate in a system that rewards their efforts. Using blockchain, it wants to make chess more interactive and beneficial for players worldwide.
Bit-Chess is focused on connecting traditional chess with the new possibilities of blockchain technology. The platform is designed to be accessible and user-friendly, helping players easily guide and take part in this new gaming experience.
For the latest updates on Bit-Chess and its token presale, constantly visit their official website and join their vibrant community by following them on X (Twitter), Telegram, and Instagram.
ExSat and ChainUp Unite to Advance Bitcoin Scalability (13 Aug)
Singapore, Singapore, August 13th, 2024, Chainwire
exSat is excited to welcome ChainUp as a new Validator node in our network. This partnership represents a significant milestone, enhancing scaling solutions through the exSat Docking Layer and advancing the Bitcoin ecosystem.
About ChainUp
ChainUp, founded in 2017 and headquartered in Singapore, is a leading global blockchain technology provider. The company offers a comprehensive suite of solutions, including digital asset exchange softwares, custody services, and digital asset management. Serving over 1,000 clients in 30 countries and reaching 60 million end-users, ChainUp provides top-tier infrastructure supporting more than 60 PoS networks. Their services include MPC Wallet-as-a-Service and secure tokenization of real-world assets. ChainUp's industry presence and certifications make it a trusted partner for web3 founders and institutions in the digital asset landscape.
exSat: The Docking Layer for Bitcoin
exSat is a groundbreaking Docking Layer designed to address Bitcoin's scalability and interoperability challenges. By providing a Data Availability Layer and a Decentralized Indexer, exSat extends BTC’s data capabilities, allowing for improved scalability, security, and interoperability within the ecosystem. This enables seamless integration with various Layer 2 solutions, offering a robust platform for smart contracts and complex business logic applications.
Hybrid Consensus Mechanism
exSat employs a unique Data Consensus Extension Protocol that combines Proof of Work (PoW) and Proof of Stake (PoS). This hybrid consensus mechanism leverages the strengths of both PoW and PoS, enhancing BTC’s data consensus and providing a secure and scalable infrastructure for the Bitcoin ecosystem.
exSat Validator Nodes
Entities serving as Validator Nodes are integral to strengthening the security and decentralization of Bitcoin’s functionalities through exSat. These nodes maintain the network’s integrity and scalability, ensuring that engaged and capable partners contribute to our robust ecosystem. Validators are selected based on their commitment and technical capabilities, solidifying the network’s security and operational efficiency.
"Partnering with ChainUp as a Validator is a major milestone for exSat. ChainUp’s extensive blockchain expertise and industry certifications make them an ideal partner in our mission to enhance Bitcoin’s scalability. Their involvement will strengthen our efforts to achieve a more robust and decentralized network." —Yves La Rose, Founder of exSat.
Unique Benefits to Partnership
Through this partnership with ChainUp, exSat will enhance Bitcoin’s functionality by enabling more efficient and secure transactions and deploying complex smart contracts. ChainUp’s role as a Validator will be crucial in maintaining the network's integrity and efficiency, marking a significant step forward in our shared vision for a scalable, interoperable Bitcoin ecosystem.
ChainUp’s experience in providing secure and scalable blockchain solutions will bring significant value to the exSat network. Their comprehensive suite of services, including digital asset exchanges, custody solutions, and asset management, will enhance the robustness and versatility of the Bitcoin ecosystem. ChainUp's advanced and resilient blockchain platform ensures unparalleled performance and security for the exSat network.
Stay tuned for more announcements as we continue to reveal additional validators joining exSat, reinforcing our dedication to creating a scalable and interoperable Bitcoin ecosystem.
About exSat
exSat is dedicated to addressing Bitcoin's scalability and interoperability challenges. By implementing a Data Consensus Extension Protocol that combines Proof of Work (PoW) and Proof of Stake (PoS), exSat aims to enhance BTC’s data consensus, scalability, security, and interoperability within the ecosystem. For more information, visit exsat.network and join exSat on X.
ZAN and Mysten Labs Partner to Advance Web3 Infrastructure Development (13 Aug)
Palo Alto, CA, August 13th, 2024, Chainwire
ZAN, the web3 technology brand of Ant Digital Technologies, plans to run a Sui RPC node with Mysten Labs
Mysten Labs, a web3 infrastructure company and the original contributor to the Sui blockchain, today announced a partnership with ZAN, the technology brand of Ant Digital Technologies.
With the integration of Sui, ZAN aims to accelerate the development and adoption of its web3 applications. The collaboration will focus on Mysten Labs lending technological support in two key areas: KYC infrastructure and RPC node services. ZAN will provide KYC services for projects building on Sui, contributing essential compliance solutions for the blockchain. ZAN will also officially launch RPC node services for Sui, enhancing the blockchain's scalability and accessibility for developers and users in the APAC region.
“We are excited to build a partnership with Mysten Labs. Sui is a star public chain dedicated to technology and value creation, with a rich ecosystem and diverse applications. Similarly, ZAN stems from a technology-driven team, and we are committed to building the next-generation technological infrastructure for the Web3 industry. We look forward to more technical exchanges between each other, jointly promoting innovation and development in the entire industry," said Cobe Zhang, Chief Operating Officer of ZAN.
Together, Mysten Labs and ZAN will explore building opportunities in areas such as payments, data, digital identity, and more, with the goal of delivering innovative solutions that benefit consumers, businesses, and the local community, with an eye to discovering and supporting web3 super app opportunities. Both organizations are committed to fostering a collaborative environment and look forward to sharing updates on the partnership’s milestones as they are achieved.
“We are thrilled to be working alongside the ZAN team and the broader Ant Digital Technologies, to bring an e-KYC solution to the broader digital asset ecosystem to market,” said Adeniyi Abiodun, Chief Product Officer and Co-Founder of Mysten Labs. “This collaboration marks a significant milestone for Sui and the broader web3 ecosystem in Hong Kong and the broader APAC region. By combining our strengths, we can accelerate the development of innovative applications that will benefit millions of users.”
About Sui
Sui is a first-of-its-kind Layer 1 blockchain and smart contract platform designed from the bottom up to make digital asset ownership fast, private, secure, and accessible to everyone. Its object-centric model, based on the Move programming language, enables parallel execution, sub-second finality, and rich on-chain assets. With horizontally scalable processing and storage, Sui supports a wide range of applications with unrivaled speed at low cost. Sui is a step-function advancement in blockchain and a platform on which creators and developers can build amazing, user-friendly experiences.
Learn more: https://sui.io
About Mysten Labs
Mysten Labs is a team of leading distributed systems, programming languages, and cryptography experts whose founders were senior executives and lead architects of pioneering blockchain projects. The mission of Mysten Labs is to create foundational infrastructure for web3.
Learn more: https://mystenlabs.com
About ZAN
As a technology brand of Ant Digital Technologies for Web3 products and services, and powered by AntChain Open Labs' TrustBase open-source technical stack, ZAN provides rich and reliable services for business innovations and a development platform for Web3 endeavors. The ZAN product family includes ZAN eKYC, ZAN KYT, ZAN Smart Contract Review, ZAN Node Service, with more products being on the way.
Learn more:https://zan.top/
About Ant Digital Technologies
Ant Digital Technologies is Ant Group's digital technology subsidiary. Ant Digital Technologies continues to promote the development and application of digital technologies, introducing leading products like ZOLOZ, mPaaS and ZAN based on its expertise in AI, privacy computing, and security technology. Ant Digital Technologies is committed to working with partners across different industries to support small and medium-sized financial institutions in their digital transformation, enable SMEs in the service industry to operate digitally, and facilitate digital collaboration across industries. Revenue from Ant Digital Technologies' international business operation increased by 300% in 2023.
Aleph Zero Launches Its EVM-Layer on Mainnet (12 Aug)
Zug, Switzerland, August 12th, 2024, Chainwire
Aleph Zero launches its ultra-fast Ethereum-compatible layer-2, expanding its privacy tools and new apps compatible with the world’s biggest web3 ecosystem.
Aleph Zero — a blockchain ecosystem engineered for speed, data confidentiality, and ease of development — today announced the mainnet launch of its new EVM-compatible Layer-2 solution. This significant milestone marks Aleph Zero's expansion into the Ethereum ecosystem, which will expedite the development and broaden the reach of its zkOS privacy-enhancing solutions.
The Aleph Zero EVM Layer-2 is built in partnership with Gelato, a leading Rollup-as-a-Service provider, and leverages Arbitrum Orbit technology. This combination results in an exceptionally fast and efficient blockchain, boasting a block time of up to 250 milliseconds with near-instant transaction finality. The network is capable of processing thousands of transactions per second, positioning it as one of the fastest EVM-compatible chains available.
“Aleph Zero EVM uses Arbitrum Orbits’ advanced web3 scaling stack–with the most performant developer tooling–to create the most advanced privacy-enhancing blockchain infrastructure on the market. Privacy will become a major narrative in 2024 and beyond, as more mainstream use cases emerge.” — Luis Schliesske, Founder of Gelato
The Layer-2 solution will utilize Aleph Zero's existing Substrate-based WASM Layer-1 blockchain as its Data Availability layer. This architecture ensures a robust and decentralized foundation for the new EVM environment, benefiting from Aleph Zero's established network of over 190 validator nodes.
AZERO, the ecosystem token, will be used on the Layer-2 to power all gas transactions similarly to how it’s being used now on the Layer-1.
zkOS Features Coming to Aleph Zero’s EVM-Layer in Q4
zkOS is Aleph Zero's new comprehensive privacy framework designed to make integrating confidentiality features into blockchain applications more accessible and user-friendly. This aligns with Aleph Zero's vision of making privacy-enhancing technologies easier to use, with the optimization benchmarks showing the system’s ability of proving ZK proofs in less than a second on consumer devices.
zkOS consolidates Aleph Zero's privacy products into a single, developer-friendly toolkit that doesn't require deep cryptographic knowledge to implement. zkOS aims to solve existing challenges in on-chain privacy, such as poor user experience, long proving times, and limited multisig capabilities. By optimizing zero-knowledge proof generation to under a second on consumer devices, zkOS strives to make privacy features more practical and economically beneficial for both new and existing applications across multiple blockchain ecosystems.
“EVM, with its user base and well-developed tooling, allows us to expedite the development of zkOS privacy framework and bring it to the second-largest market in crypto beyond Bitcoin. This is a perfect addition to our Layer-1 and adds optionality for developers and users alike.” – said Adam Gagol, Co-founder of Aleph Zero.
The first use cases already building on Aleph Zero EVM include:
pieces.market – a luxury Real-World Asset (RWA) marketplace.
Syncra – a DAO-as-a-Service platform with private voting features.
Upcade – an web3 gaming hub.
Rarible – the NFT marketplace.
DRKVRS – a web3 multiplayer RPG game.
idOS – a privacy-enhanced decentralized identity operating system.
Tubbly – a walk-to-earn game.
Introducing vib3s
vib3s, another use case on the Aleph Zero EVM, is set to enable the sports and entertainment industries to deepen their customer and fanbase relationships with the power of Web3.
This whitelabel service allows organizations to quickly introduce innovative apps that boost retention and loyalty within their user base, with an easy-to-deploy product that can be customized towards the needs of any organization.
Among the key features, users will find the newsfeed, an embedded crypto wallet, on-chain loyalty points system, thematic games for fan engagement, branded card payments, loyalty points cashback, among others. An important part of the app is its privacy-respecting nature that makes it compliant with the GDPR laws.
vib3s is powered by the Aleph Zero blockchain and the Upcade gaming hub, as well as solutions from Holyheld, Thirdweb, idOS, and others.
The project will launch its first implementation this month, targeting a large-scale entertainment use case in Europe.
For more information about Aleph Zero, users can visit https://alephzero.org.
About Aleph Zero
Aleph Zero is an ecosystem of blockchain solutions that are engineered for speed, data confidentiality, and ease of development. It achieves efficiencies akin to conventional web2 systems, upholds rigorous standards for data protection via highly optimized Zero Knowledge Proofs, and offers a comprehensive toolset for development across web3 that range from WASM to EVM environments. Aleph Zero’s versatility is highlighted by over 40 use cases being actively developed, showcasing its adaptability across various sectors and applications. These use cases are part of an engaged community and growing ecosystem of web3 applications that are supported by Aleph Zero programs.
For any enquiries about this release, users can contact josh@serotonin.co or ana@serotonin.co