New York, NY, September 3rd, 2024, Chainwire

Forgd, a token advisory and optimization platform, announced the launch of its free-to-use web platform, which provides blockchain projects unrestricted access to tools for tokenomics design, liquidity monitoring, cap table management, and financial planning. Forgd eliminates financial barriers associated with traditional Web3 Advisory and consolidates an otherwise fragmented services industry built to support blockchain projects as they issue a token.

A token launch involves complex challenges, prompting many blockchain projects to hire multiple external advisors for tasks like tokenomics modeling, market maker engagement, and exchange listing. These engagements can be costly and often lead to operational inefficiencies, given that few advisors operate an end-to-end process. Forgd addresses these challenges with free software tools for executing all vital go-to-market activities and optimizing token performance post-launch. This “self-service” approach to Web3 advisory allows teams to execute at their own pace.

"Many of the tasks involved in a token launch are outside the expertise of a typical tech founder, which is why we created a set of tools to streamline and simplify the process in an end-to-end application," said Shane Molidor, CEO and Founder of Forgd. "Forgd was built in response to the recurring needs of founders we’ve observed in Web3. Our DIY software tools not only reduce costs but also allow teams to concentrate on product innovation rather than specialized capital market activities."

Shane Molidor is a 10-year cryptocurrency veteran who formerly operated as CEO of AscendEX, Head of Trading at FBG Capital, and Business Development Associate at Gemini. Forgd recently enhanced its capabilities by acquiring Tokenomics DAO, a research institution focused on tokenomics and novel protocol design. 

For blockchain projects that haven’t yet launched their token, Forgd helps them design tokenomics, conduct cash flow analysis & prepare for fundraising, secure partnerships with market makers & exchanges, and navigate administrative tasks such as offshore company formation. For projects with a live token, Forgd provides tools for monitoring market maker performance & token unlocks, automated token streaming, and even non-custodial liquidity provision.

In a strategic move, Forgd has aligned with the Solana Foundation to provide select tools exclusively for projects built on the Solana blockchain. This collaboration underscores the Forgd commitment to supporting scalable blockchain ecosystems and fostering project growth.

"We are thrilled to collaborate with the Solana Foundation to offer our tools to Solana's vibrant developer ecosystem," said Florian Strauf, CTO of Forgd and Founder of Tokenomics DAO. "This strategic alignment highlights our dedication to creating public goods to support blockchain entrepreneurs, and we look forward to partnering with other blockchain base layers to create comprehensive cross-chain support."

Forgd reports that over 250 projects have already benefited from using its pioneering tools, such as “AMM²”, a non-custodial market making protocol that empowers projects to act as their liquidity provider across all major exchanges with automated rebalancing.

“The positive response since our private beta launch in Q1’24 has been overwhelming,” commented Shane Molidor. “Our team is motivated to continue innovating and developing new tools to empower Web3 entrepreneurs aiming to launch and scale projects of their own.”

For more information about Forgd and its services, users can visit Forgd.com.

About Forgd:

Forgd is a token advisory and optimization platform with free software tools for blockchain founders to launch and scale their projects.

Operating as a public good, Forgd is reinventing Web3 advisory by providing blockchain projects free access to specialized capital markets tools such as tokenomics modeling, liquidity monitoring, cap table management, exchange listing, and financial planning. In addition to its self-service software tools, Forgd offers tailored consulting services for teams seeking extra guidance. This approach allows Forgd to service a broad spectrum of blockchain projects ranging from DIY enthusiasts to those who prefer white-glove support, ensuring accessibility and expert assistance are readily available.

www.x.com/forgd_

Disclaimer. This is a paid press release.

Dubai, UAE, September 3rd, 2024, Chainwire

Klumi Ventures, the first regulated Web3 Venture Capital and Fund Manager based in Abu Dhabi, and DWF Labs, a new generation Web3 investor and market maker have joined forces to bring the already flourishing Web3 ecosystem in the UAE to new heights. 

This partnership underscores our mutual commitment to advancing the Web3 and digital asset landscape in the UAE, in line with the Abu Dhabi Economic Vision 2030. By combining Klumi Ventures' regional Web3 expertise—already assisting projects in successfully transitioning to the UAE and go-to market strategies— with DWF Labs' market making and investment capabilities—recently recognized with VIP longest standing client award by Binance for their five years of VIP trading—, we aim to accelerate digital transformation in the region. Our shared vision is to foster and expand the Web3 ecosystem in the UAE, providing all the necessary resources to help new entrants and institutions succeed. Building on DWF Labs' significant experience in Asia, combined with Klumi Ventures' high value local network and dedication to the UAE's digital asset vision, this partnership is strategically placed to achieve its goals.

“DWF Labs, one of the leading players in the Web3 space, has achieved significant success in Asia and is now expanding its presence to the UAE. Klumi Ventures is excited to support the leading DWF portfolio companies and contribute to the growth of the Web3 ecosystem in the UAE.” stated Kristiina Lumeste, SEO and Founder of Klumi Ventures.

Klumi Ventures and DWF Labs Partnership Framework:

Strategic Advisory: Klumi Ventures and DWF Labs will collaborate to offer comprehensive strategic advisory services to companies looking to expand into the UAE market. This includes guidance on go-to-market strategies, regulatory compliance, fundraising, and business development to ensure successful expansion.

Investments and Market-Making: Leveraging DWF Labs' expertise in investments and market making, the partnership aims to provide Klumi Ventures' portfolio companies with access to crucial liquidity and capital resources, enabling them to scale effectively in the UAE's growing digital asset market.

OTC Deals and Options: DWF Labs will facilitate OTC deals, providing tailored solutions for clients seeking to trade large volumes of digital assets securely and efficiently. In addition, DWF Labs is soon launching its own full scale options platform where Klumi Ventures clients can access various levels of yields with limited risk.

Market Education: Starting in 2024, the partnership will launch a series of educational initiatives in the UAE, including workshops, aimed at sharing critical knowledge and tools needed to thrive in the UAE Web3 ecosystem. These initiatives will focus on strategies, networking, regulatory and legal requirements, and the complexities of operating within the UAE market.

“This partnership with Klumi Ventures represents a significant step forward in our shared vision to build a robust Web3 ecosystem that supports innovation and sustainable growth across the UAE region. Together, we are strategically positioned to drive the digital transformation in the UAE, empowering both new entrants and established institutions to thrive in this dynamic landscape,” said Andrei Grachev, Managing Partner at DWF Labs. 

In summary, the collaboration between Klumi Ventures and DWF Labs is well-equipped to contribute to the UAE's ambitions of becoming a leading global blockchain hub. Together, we are committed to fostering innovation and accelerating Web3 adoption across the MENA region.

About Klumi Ventures

Klumi Ventures is the premier Venture Capital Firm based in Abu Dhabi, spearheading blockchain innovation and empowerment in the Middle East. Klumi Ventures holds the distinction of being the region's first blockchain-native Venture Capital Firm and Fund Manager regulated by Abu Dhabi Global Markets. The firm provides comprehensive support to early-stage startups, offering a unique array of strategic advisory, incubation, technical support, legal and compliance expertise, and fund management services. The team focuses on disruptive technologies harnessing blockchain to deliver decentralized, transparent, and secure solutions, driving forward the evolution of the Web3 ecosystem.

For more details on Klumi Ventures, please visit klumiventures.com or follow on X and Linkedin.

About DWF Labs

DWF Labs is the new generation Web3 investor and market maker, one of the world's largest high-frequency cryptocurrency trading entities, which trades spot and derivatives markets on over 60 top exchanges.

For more details, please visit www.dwf-labs.com 

Disclaimer. This is a paid press release.

Bangkok, Thailand, September 2nd, 2024, Chainwire

Crypto staking explorer Staking Rewards has announced that its international staking conference is returning for its third consecutive year. The two-day summit will be hosted in Bangkok, Thailand, from November 8, uniting key participants in the global staking industry to provide insights and innovations that will shape the future of PoS.

Set to be hosted at the Siam Kempinski Hotel in Bangkok, the 2024 Staking Summit promises to be the largest event of its kind. Over the course of two days, delegates will hear keynotes, panel discussions, fireside chats, and participate in workshops that illuminate the latest industry developments across the multi-chain landscape.

Topics such as Bitcoin Staking, Restaking, LSTfi, Validators, Home Staking, and emerging PoS chains will be among the many themes up for debate during a conference that covers every aspect of the multi-billion dollar staking industry. 2024 Staking Summit will give particular focus to new Proof of Stake networks and the opportunities they present for integration to existing staking infrastructure.

Staking Rewards CEO Mirko Schmiedl said: “Since our last event 12 months ago, the staking landscape has undergone rapid growth in TVL and is now the frontline for much of the innovation occurring in crypto today. At the third annual Staking Summit, we’ll reflect on how far the industry’s come but mostly we’ll look to the future as our experts, sponsors, and delegates give their take on the catalysts that will drive the staking sector forwards into 2025 and beyond.”

Validators and home stakers have the opportunity to purchase discounted tickets for the conference, which is expected to attract hundreds of industry figures from around the world. Crypto payments are accepted, with general tickets granting access to all event areas, stages, workshops, networking app, catering, merchandise, and the closing party. VIP ticket holders, meanwhile, will enjoy exclusive access to all side events, private meeting rooms, and the welcome dinner with speakers, sponsors, and media partners.

More than 40 sponsors have been confirmed for the event so far, headlined by names such as Coinbase, Babylon, Lido, A41, Puffer, and TRES. Many of these sponsors are returning for their third consecutive year, demonstrating the reputation Staking Summit has accrued. Through lending support to the conference, these sponsors aim to drive growth of the staking industry while spearheading innovation, community collaboration, and the sharing of best practices.

Discussions will also center on the expected uptick in institutional participation in the coming years with the goal of developing the infrastructure that will allow capital to flow into the staking industry.

About Staking Summit 2024

Hosted by Staking Rewards and backed by 40+ sponsors, the Staking Summit welcomes hundreds of delegates to Bangkok for two days of talks, discussions, and side events. The event will help to shape the future of staking and unite PoS protocols, validators, and investors to network and exchange ideas that will help accelerate the growth of Proof of Stake.

Learn more: https://www.stakingrewards.com/summit

Disclaimer. This is a paid press release.

Brussels, Belgium, September 2nd, 2024, Chainwire

The company completely revamped its original product to answer web3 community needs, whilst also to make the product accessible for web2 users.

Safe Haven, a web3 company providing decentralized solutions for backup, inheritance, and data transfers, announced today that its releasing Inheriti® 2.0, a multi-patented, multi-signatory, distributed storage solution for access to digital data and digital inheritance that allows cryptocurrency owners to securely back up their private keys or secret data while still maintaining full custody of them.

The new product is a total revamp of its V1.0 version, which only offered digital inheritance—an industry that itself is set to reach a market size of $52 billion by 2030.

Inheriti® V2.0 introduces an entirely separate flow for backup plans and inheritance plans—a massive feature. Using the new workflow, users can release their data in less than a minute. The system lets users secure private keys, seed phrases, credit card details, online accounts, or any plain text data using the company’s multi-patented Secure Share Distribution Protocol (SSDP).

Patents for the technology are active in the USA under patent number US11316668B2 and in Europe under EP3654578B1. China’s patent is pending.

The patents are held by SafeTech Labs, Safe Haven’s holding company that develops Safe Haven’s ecosystem of technology.

SSDP is a cutting-edge engineered to ensure the utmost security and reliability in digital asset management. SSDP uses proprietary techniques encompassing encryption and fragmentation, distributed storage, and controlled recovery. The technology is integral to how Inheriti® protects digital data, setting new standards in the industry for encryption and decentralization.

Additionally, Inheriti® V2.0 introduces:

● A mobile app for secure storage of encrypted shares.

● More extensive options to tailor each plan.

● Total user interface (UI) overhaul for an exceptional user experience (UX).

● Web2 payment options.

● Latest security enhancements.

● The ability to add a “social circle” backup plan that requires a minimum number of users to come together to decrypt it—useful for company backup plans and DAOs.

● Invoicing for private and business users.

● 100% privacy regulation compliance.

“Web3 and blockchain are the only technologies capable of securely meeting the needs of private key backup solutions today,” says Jürgen Schouppe, CEO and co-founder of Safe Haven and SafeTech Labs. “Inheriti® V2.0 is the world’s first product that implements every single industry best-practice to ensure that users maintain custody of their keys and seed phrases while still preventing the risk of data loss if they lose their backup credentials.”

Multiple third-party security tests have confirmed that Safe Haven does not store any user keys on its backend systems.

“We’re adamant believers in ‘not your keys, not your crypto,’ and we’ve designed every aspect of Inheriti® to ensure this always remains true,” says Schouppe.

Inheriti® uses a combination of triggers and data shares that must be combined in a controlled way to successfully decrypt the entire backup package. Users can also set up a “Dead Man’s Switch” that will run its course and release the keys to designated beneficiaries if the user is unable to participate in the decryption themselves.

The Inheriti® service will be available starting August 29, 2024 and users can create their backup plans here: https://www.inheriti.com/.

For more information about Inheriti® V2.0, visit https://www.inheriti.com/.

About Safe Haven: Established in 2017, Safe Haven specializes in backup, inheritance and data transfer products. The Safe Haven ecosystem of products includes a hardware device, custom wallet, blockchain development services platform, an ID management solution, and other web3 solutions. SafeTech Labs, the company behind Safe Haven’s technology, holds patents in the USA and Europe, and has a patent pending in China.

Disclaimer. This is a paid press release.

New York, New York, August 30th, 2024, Chainwire

NFL Rivals, the officially licensed video game of the National Football League and the National Football League Players Association announced today the launch of its second season, dubbed Year 2. Y2 will launch to coincide with the NFL Kickoff on September 5, 2024, and is set to be an exciting milestone in mobile sports gaming.  

Following a massively successful inaugural season that saw over 5 million downloads, and more than 115 million games played, NFL Rivals is poised to elevate its success even further with a host of new features and updates. Building on the strong foundation of its first year, the game is set to offer players an enriched gaming experience and a range of innovative additions.

In Year 2, NFL Rivals promises to deliver an even more immersive experience with the introduction of new gameplay modes, distinctive pack drops and offerings and incredible partnerships, along with a community refresh providing fresh opportunities for fans to engage with their favorite sport in novel ways. 

“As we enter the second year of our partnership with Mythical Games, we look back at the incredible first year of NFL Rivals and the success the game achieved worldwide,” said Ed Kiang, vice president of video gaming at the NFL. “Leveraging that momentum, Y2 will draw fans further into the realm of being a general manager of an NFL team with improved arcade-style gameplay and updates that continue to provide fans with ownership over their gaming experience.” 

"The magic of NFL Rivals lies in the way it brings fans closer to the game they love, and at the heart of this journey are the NFL players themselves. It’s their skills and authenticity that make it so much fun and engaging for millions of fans around the world. This unique connection is what fuels the game’s success and drives its growth, and we’re excited to watch it evolve as more fans join in on the fun,” said Sophie Gage, VP, Business & Legal Affairs at NFL Players Inc, the marketing and licensing arm of the NFLPA. 

Recently, NFL Rivals announced a new partnership with Super Bowl LVIII Champions, the Kansas City Chiefs. The partnership, which will also launch at the start of the 2024 NFL season, is a part of NFL Rivals’ ongoing efforts to reach fans and further enhance the connection between the mobile game and football excitement on the field. 

“Year 2 of NFL Rivals is going to be a game-changer,” said Billy Schautz, the executive producer of NFL Rivals. “With the upcoming release of our multiplayer mode, and the expansion of our Synergy System, fans have new and fun ways to play; and with the introduction of the 'Road to the Playoffs' and its season-long 'reward road', during the 2024 NFL season, we’re raising the bar and setting a new standard for sports gaming as a whole.”

NFL Rivals is available for download in the App Store and Google Play Store.

Interested players can also visit the NFL Rivals website for more information and to join the NFL Rivals community.

About Mythical Games

Acknowledged by Fast Company’s World Changing Ideas 2021 and recently Forbes’ Best Startup Employers (2024), Mythical Games is a next-generation game company creating world-class games and empowering players to take ownership of their in-game assets through the use of blockchain technology. The team has helped develop major franchises, including Call of Duty, Call of Duty Mobile, World of Warcraft, Diablo, Overwatch, Magic: The Gathering, EA Madden, Harry Potter Hogwarts Mystery, Marvel Strike Force, Modern Warfare 3, and Skylanders.

The Mythical Marketplace, the first in-game blockchain Marketplace on iOS and Android, provides gamers with ownership and control over the purchase and sale of digital assets, while the Mythical Platform protects gamers that may be new to blockchain through a custodial wallet for their digital items.

About the NFLPA

The National Football League Players Association (“NFLPA”) is the union for professional football players in the National Football League. Established in 1956, the NFLPA has a long history of assuring proper recognition and representation of players’ interests. The NFLPA has shown that it will do whatever is necessary to assure that the rights of players are protected—including ceasing to be a union, if necessary, as it did in 1989. In 1993, the NFLPA again was officially recognized as the union representing the players and negotiated a landmark Collective Bargaining Agreement (“CBA”) with the NFL. The current CBA will govern the sport through the 2030 NFL season.

 

About OneTeam Partners

OneTeam Partners (OneTeam) facilitated the NFL Rivals deal in collaboration with all parties involved. OneTeam is a global leader in sports licensing, marketing, sponsorship, and media, specializing in commercializing group licensing rights for both collegiate and professional athletes. Established in 2019, OneTeam is a joint venture between the NFL Players Association (NFLPA), MLB Players Association (MLBPA), Women’s National Basketball Players Association (WNBPA), MLS Players Association (MLSPA), and U.S. Women’s National Team Players Association (USWNTPA), with backing from HPS, General Atlantic, and Morgan Stanley Tactical. OneTeam represents the exclusive group name, image, and likeness rights for the playing members of these associations, as well as those from the NWSL Players Association, U.S. Rugby Players Association, League of Legends Championship Series, Valorant Players Associations, and thousands of college athletes. 

Disclaimer. This is a paid press release.

SEOUL, SOUTH KOREA, August 30th, 2024, Chainwire

Korea Blockchain Week 2024, Asia's most impactful blockchain conference, is delighted to announce that Former Mt. Gox CEO Mark Karpelès, who has been active in the blockchain industry since 2009, will be among the exclusive speakers at its flagship KBW2024: IMPACT event. 

Mark Karpelès first discovered blockchain and crypto technologies through Bitcoin in 2009, and soon after became a founding member of the Bitcoin Foundation in 2012. He acquired Mt. Gox in 2011, and after twelve years of working through currently available cybersecurity technologies, he became the Minister of Technology for Joseon in 2023. Mark also serves as the CTO of EllipX, a crypto wallet and exchange that eliminates the need for passphrases and provides a user-friendly platform for digital asset trading.

Besides Mark, the exclusive list of distinguished voices at the KBW includes Chris Dixon, a General Partner at Andreessen Horowitz and the author of Read Write Own: Building the Next Era of the Internet, who will speak at the Kickoff Event for KBW2024 on September 1st. 

It is highly significant that KBW has added speakers who can shed light on both the past and present of the blockchain industry, as well as AI leaders driving the Fourth Industrial Revolution. In Korea, the blockchain community is intrigued by the story of Mt. Gox, and is eager to understand how the industry can integrate with traditional sectors.

KBW2024: IMPACT, the main event of the week-long conference, will feature over 300 speakers, including new additions such as:

Hakan Eroglu (Advisor – Innovation Hub, Bank for International Settlements)

Mark T. Uyeda (Commissioner, the US Securities and Exchange Commission)

Rune Christensen (Co-Founder, MakerDAO)

Stani Kulechov (Founder and CEO, Avara)

Alex Blania (Co-Founder, Worldcoin)

Brad Garlinghouse (CEO, Ripple)

Andrew Durgee (President, Republic)

Henry Child (Head of Ecosystem, Tether)

Yam Ki Chan (Vice President, Circle)

Sean Lee (Co-Founder and CSO, IDA)

Nathan Allman (Founder and CEO, Ondo)

Sota Watanabe (Founder of Astar Network & CEO of Startale Labs)

Sidney M. Gutierrez (Former NASA astronaut, Chairman of Vaya Space)

Wesley Clark (Former NATO Supreme Allied Commander, CEO of Wesley K. Clark & Associates)

FactBlock CEO Jeon Seon-ik expressed enthusiasm about the event, stating, “KBW2024 is an essential occasion to explore the latest trends and innovations in the blockchain and Web3 industries. We are delighted to offer a rich program featuring speakers with outstanding careers across various fields.”

Hashed CEO Kim Seojun added, “KBW2024 is establishing itself as an innovative conference platform that transcends the boundaries of blockchain technology, finance, content, and entertainment. We hope it serves as an opportunity to showcase the ecosystem's potential to both domestic and international Web3 communities.”

Now in its seventh year, KBW is organized by FactBlock, a Web3 ecosystem builder, and co-hosted by blockchain venture capital firm Hashed. The main event, KBW2024: IMPACT, will be held on September 3-4 at the Walkerhill Hotel & Resort in Seoul. 

Another key event, KBW2024: AI World, will take place on September 5 at Lotte Cinema, Lotte World Tower, Seoul. Organized by Financial News  and the Ministry of Science & ICT, it will feature Stability AI Founder Emad Mostaque, Worldcoin CEO Alex Blania as well as leading Korean entrepreneurs in the AI field.

KBW2024: IMPACT is supported by the official conference partners Sui, Movement Labs, and BlueRun Ventures Capital Management (BRV), with title sponsors including Aptos, Tron, Chiliz, DOP, Creditcoin, Sahara AI, Presto, TON, Bitthumb, SK Telecom, and Aleo. Gold sponsors include Orbs, Flare Network, and Ripple. The KBW organizers have also partnered with Forbes Web3, dedicating one of the four stages as the Forbes Web3 Stage. The full list of partners and sponsors is available on KBW's official website. 

For more information and continued updates on Korea Blockchain Week 2024, please visit: https://koreablockchainweek.com/ 

About Korea Blockchain Week:

Founded by FACTBLOCK and co-hosted by Hashed, Korea Blockchain Week (KBW) is an annual global blockchain and web3 festival held in Seoul, South Korea, since 2018. It has been a gathering ground for the top global blockchain and web3 leaders and unifying diverse communities.

KBW curates multiple prestigious main events, including the flagship conference 'IMPACT.' This provides participants and attendees exclusive opportunities to exchange industry insights and indulge in an immersive blend of music, art, and culture, making KBW a unique and enriching experience for all involved.

Disclaimer. This is a paid press release.

Ljubljana, Slovenia, August 29th, 2024, Chainwire

Blocksquare’s latest Marketplace Pool for RWA investment is now live, marking the platform's third DAO funding pool after the swift sellout of its previous Oceanpoint launchpad campaigns in under 36 hours. Rancho Altos, a project merging tequila distillery operations with real estate development, allows $BST (Blocksquare token) holders to invest in the world’s first tokenization of a tequila distillery, democratizing investment into an industry that was inaccessible to retail investors.  

Rancho Altos is located in Jalisco, Mexico, combining the traditional craft of tequila production in its native region with a comprehensive real estate plan that blends cultural heritage with sustainable real estate development. The project features a distillery, along with luxury villas, a wellness center, a farm-to-table restaurant, and eco-tourism facilities on an 82-hectare estate. 

Jalisco is renowned for its ideal conditions for growing blue agave, which is essential for producing high-quality tequila.Currently the tequila market represents an $11.7 billion industry, expected to reach $18.6 billion by 2032 with only 135 approved distilleries in all of Mexico. Rancho Altos and Blocksquare are opening the market to investment in tequila to retail investors that wouldn’t otherwise have the opportunity.

“Rancho Altos embodies a convergence of tradition and innovation, blending the rich heritage of tequila production with modern, sustainable real estate development,” said Denis Petrovcic, CEO of Blocksquare. “Offering this unique opportunity to our community showcases how blockchain technology and tokenization can open up investments that were once out of reach. This launchpad pool demonstrates the potential of integrating cultural assets with sustainable practices, while underscoring our commitment to democratizing access to high-value real estate investments.”

By using blockchain technology and tokenization, Rancho Altos opens up to a broader range of individuals to invest in both the tequila production and the associated real estate, creating new avenues for participation in this asset class. Successful funding of this campaign will support the establishment of Rancho Altos’ own marketplace for tokenized assets, covering the costs of the distillery’s construction and further development of the estate.

“Rancho Altos vision intertwines heritage, innovation, and sustainability in a way the tequila industry has never seen,” said Marcos Galindo, Founder of Rancho Altos. “Our mission has been to create a distillery that stands as a beacon of responsible production through design that honors traditional methods to set new standards for environmental stewardship. Integrating cutting-edge practices and a unique masterplan, we are forging a legacy that will resonate far beyond our own borders. With the support of forward-thinking partners like Blocksquare, Rancho Altos stands poised to redefine what is possible in both the world of tequila and sustainable real estate development."

Users are invited to join in the Marketplace Pool by:

Acquiring sBST Tokens: Stake $BST tokens in Oceanpoint’s Governance pool to receive sBST tokens.

Pledging sBST: Use sBST tokens to contribute to the Rancho Altos marketplace pool. 

Supporting and Voting: Your contribution and vote are important to the campaign’s success. Participation offers the potential for future rewards and improved staking returns.

Tracking the Campaign: The campaign is open from August 28. Keep informed about the campaign’s progress.

The Blocksquare DAO community actively participates by voting and pledging governance tokens towards this project. In the case that Rancho Altos reaches its marketplace pool funding goal, hitting 100,000 sBST invested from the community, the project will be listed on Blocksquare's SaaS solutions without any fee. This includes the white label marketplace platform, allowing them to set up their own Rancho Altos marketplace and launch their offering, the Tequila Distillery.

For more details about the pool, read here or access the marketplace pool here.

About Blocksquare

Blocksquare offers SaaS solutions for blockchain-based real estate tokenization. Headquartered in Ljubljana, Slovenia, Blocksquare’s platform aims to power a global network of marketplaces, connecting investors to real estate opportunities in their region. Through its real estate tokenization protocol, anyone can digitize real estate assets at a fraction of the cost, while providing the quickest way to launch an online marketplace. Blocksquare’s Oceanpoint adds a layer to their established tokenization infrastructure to create borderless access to real estate financing, for anyone with an internet connection.

 Website | X | Telegram | Blog | Facebook | Reddit | LinkedIn | Token overview | 

Disclaimer. This is a paid press release.

Singapore, Singapore, August 29th, 2024, Chainwire

Merkle Trade, the first gamified perpetual futures decentralized exchange (DEX) based on Aptos, the secure, scalable and feature-rich Layer-1 blockchain, is introducing its Token Generation Event (TGE) Sequence, uniquely featuring both Genesis Staking and a Liquidity Bootstrapping Auction (LBA). Backed by prominent investors like Hashed and Arrington Capital, Merkle Trade is building off the success of Genesis Staking that began July 25th, to launch its LBA running from August 29th to September 5th. 

The LBA will offer early users exclusive USDC rewards for staking for an extended period. Merkle Trade differentiates from other perpetual DEXes with its focus on accessible and enjoyable trading for everyone, including casual traders. Users can start trading perpetual futures with as little as $2 in collateral, while enjoying gas-free transactions and a seamless user experience with order execution that doesn’t require constant signatures (i.e. 1-click trading). Its focus on user-friendly features has driven rapid growth, with Merkle Trade surpassing $12.9 billion in cumulative trading volume and attracting over 124,500 traders while becoming one of the top fee-generating protocols on Aptos.

Building off this traction, the project has launched a unique Token Generation Event (TGE) Sequence, introducing Genesis Staking and the Liquidity Bootstrapping Auction (LBA) as different ways for users to engage with the platform. These options are tailored to benefit both existing users and newcomers to provide diverse strategies to secure MKL tokens, manage positions, and earn additional rewards.

Genesis Staking allows preMKL holders to retain their MKL tokens while earning USDC rewards. These rewards are sourced from a portion of the protocol’s revenue and include access to a special reward pool with up to $200,000 in additional benefits. An impressive milestone has been reached with over 3 million preMKL tokens staked for an average duration of more than 20 weeks, accounting for over 22% of the circulating supply at the time of the token launch.

Liquidity Bootstrapping Auction (LBA) offers an opportunity for both existing users and newcomers to deposit USDC and/or preMKL over a 7-day period, during which the ratio between the two assets will establish the initial launch price of the MKL token. In return, participants receive MKL-USDC LP tokens, which come with dual rewards, including a share of 1% of the total MKL supply and trading fees generated by the pool.

Participants are encouraged to carefully evaluate their financial goals and the unique benefits of each option within the TGE Sequence. Both Genesis Staking and the LBA are designed to offer valuable opportunities, allowing users to select the path that best aligns with their individual objectives. To assist in making informed decisions, the team has provided an $MKL TGE Cheatsheet, offering clear and concise guidance on navigating these options.

For more details and updates on how to participate in the LBA, users are encouraged to stay tuned to Merkle Trade’s official channels (X, Discord, dApp). 

About Merkle Trade

Merkle Trade is the first gamified perpetual futures decentralized exchange (DEX) based on Aptos. It provides omnichain support, including EVM wallet integration via LayerZero. Backed by prominent investors like Hashed and Arrington Capital, Merkle Trade uniquely combines a high-performance, secure perpetual DEX with the engaging, social elements of popular online and RPG games. Believing that making directional bets on volatile assets like crypto should be fun for all, the platform has significantly lowered barriers to entry for crypto asset trading.

About Aptos Network

Aptos is the secure, scalable, and feature-rich L1 blockchain of choice for both developers and users—delivering the best performance, the highest throughput, and lowest latency. Aptos is the first blockchain to use the Move programming language, and is designed with simplicity in mind for the best builder experience. Aptos is the top choice for next-gen use cases, real-world applications, and the millions of users that come with them. If it’s happening in Web3, it’s happening on Aptos.

Disclaimer. This is a paid press release.

New York, United States, August 29th, 2024, Chainwire

The initiative will support projects building within the Morph ecosystem through financial resources and personalized guidance, helping them achieve long-term success

Morph, the global consumer layer for driving blockchain adoption for the mass markets has announced today a partnership with Foresight Ventures, establishing a $20 million Ecosystem Fund which aims to accelerate the development and deployment of consumer blockchain projects within the Morph ecosystem and the industry as a whole. 

The Morph Ecosystem Fund is a comprehensive program that offers early-stage consumer blockchain projects with advanced blockchain infrastructure and the necessary financial resources and guidance through the likes of capital investment, fundraising, promotional power, technical and operational expertise, and exchange listing. 

“Our vision is to create lasting strategic alliances that will elevate Morph's capabilities and expand its influence,” said Cecilia Hsueh, CEO and Co-Founder of Morph.“ This program is not just about financial support; it's about providing a holistic growth environment for pioneering consumer blockchain projects. By leveraging Morph's advanced blockchain infrastructure and our investment expertise, we aim to drive innovation and create significant value within the Morph ecosystem.” 

The program will match projects one-on-one with strategic venture partners and offer fundraising support to help structure deals, secure additional funding, and navigate the complex investment landscape. Projects will be given access to Morph’s technical resources, development tools, and operational expertise and provided with co-promotion on Morph's media channels, social platforms, and at industry events to boost their brand visibility. 

Forest Bai, Co-Founder of Foresight Ventures, said “We see consumer applications as the sole gateway to mass adoption and are excited to back an ecosystem so dedicated to consumers. Morph Network offers a highly practical tech stack, an ecosystem acceleration system, and unparalleled advantages in regional markets.”

The Morph Ecosystem Fund will select applicants who not only offer innovative real-world consumer blockchain solutions and practical utility to the web3 and broader tech landscape but also align with Morph’s long-term strategic goals and have the potential to enhance the overall blockchain ecosystem.

Consumer blockchain projects can apply for the program by visiting www.morphl2.io for more information on eligibility criteria and the application process.

About Morph

Morph is a fully permissionless EVM L2 that uses a combination of optimistic and zero knowledge rollup technology to enable limitless possibilities in entertainment, social, lifestyle and loyalty. Morph is the first Layer 2 on Ethereum to launch with a decentralized sequencer, aligning it with several core principles of web3—decentralization, censorship resistance, and security. The blockchain was built with mainstream audiences like gamers and social media users in mind, making it a user-friendly option for developers who require a chain to build these types of apps. Bitget, the world's leading cryptocurrency exchange, is an original investor in Morph that will continue to play a role amongst the other investors in shaping the Morph ecosystem.

Morph’s founders bring unique backgrounds and perspectives to the company. Cecilia Hsueh, Morph’s Co-Founder and CEO, previously founded Phemex, a top global crypto derivatives exchange. Azeem Khan, Co-Founder and COO, was formerly Head of Impact at Gitcoin, where he helped lead one of the most notable grant programs in the space. Together they launched Morph to empower people who have historically been excluded by the traditional financial system.

About Foresight Ventures

A research-driven crypto investment & incubation powerhouse with a premier media network, serving as the most essential bridge connecting Eastern and Western ecosystems. With a track record of supporting early-stage projects and driving technological advancements, Foresight Ventures is committed to partnering with visionary projects that have the potential to reshape the future of digital finance and beyond.

Disclaimer. This is a paid press release.

Tokyo, Japan, August 29th, 2024, Chainwire

On the evening of August 27, MEET48, in collaboration with partners such as Line Next, hosted the official opening party of Japan’s WebX, the Fantasy Bullish Night. The event featured the Top 7 idols from MEET48 GIPR2 voting activity (members of the SNH48 Group) performing on stage with the legendary DJ Steve Aoki, setting the venue ablaze with energy.

Hundreds of fans eagerly awaited the appearance of MEET48 idols

After the MEET48 GIPR2 Top 7 idols performed, the atmosphere reached an unprecedented level of excitement

Following the MEET48 GIPR2 Top 7 idols, the legendary DJ Steve Aoki continued to deliver a spectacular performance

Additionally, as a title sponsor of WebX 2024, MEET48, together with the Top 16 idols from the GIPR2 on-chain voting (SNH48 Group members) and the Top 2 amateur group, held a stunning performance on the main stage of WebX at 1:00 PM on August 28. This event offered a visual and auditory feast combining Web3 technology and entertainment elements, garnering waves of applause and cheers from the audience and drawing attention from industry insiders and the general public alike.

At this year’s WebX exhibition, MEET48 showcased its latest product lineup to attendees, including the mini-game CoinFish from the TON ecosystem, the idol model scene generation AI tool SRMBuildor, and a series of upcoming metaverse community-based games. These innovations demonstrated the creative applications of combining Web3 and AI technologies, using music and dance to showcase the potential of Web3 in the entertainment sector, and leading the public into a new digital era experience.

On September 4, also in Japan, MEET48 will sponsor the Tokyo tour of the SNH48 Group Top 16, highlighting how MEET48 is expanding its influence through these international events and further advancing its global strategy for virtual idols and Web3. Beyond Japan, during the Token2049 event in Singapore, MEET48 will also co-host the large-scale AI+Web3 application Side Event “Back To The Streets” with Hape on the evening of September 18 (https://lu.ma/4srkahil). MEET48 will also participate as a platinum sponsor at Token2049, further demonstrating its strategic layout on a global scale and its key role within the Web3 ecosystem.

It is also noteworthy that BNB Chain’s 4th Anniversary 4YA Ecosystem Celebration has officially announced MEET48 as a partner on its official Twitter and website. The “MEET48 Appreciation Festival” (MEET48 GIPR2 Top 16 Idol Blind Box NFT) was successfully selected as part of the third week’s celebration event, scheduled to take place from September 9 to 15, with generous rewards and surprises to be unveiled. The “MEET48 Appreciation Festival” includes four activities: 1. Accumulate points: completing tasks and watch videos to earn points. 2. Exchange for blind boxes: exchanging for GIPR TOP16 blind boxes (support the idol Top 3 video recording). 3. Create gems: holding idol NFTs will automatically generate gem NFTs. 4. Grab red packets: using gem NFTs to participate in weekly red packet activities. Additionally, the MEET48 WEB3 Appreciation Festival will continue until September 23, and interested users can participate through the MEET48 official website activity page (https://gipr.meet48.xyz/#/activity) or the app.

About MEET48

MEET48 is considered one of the largest Web3 application project teams globally, with a technical and development team of 500 people and a regional operation network covering Singapore, Hong Kong, Taipei, Tokyo, Seoul, and Dubai. MEET48 aims to achieve large-scale social adoption of Web3 technology through its AI UGC content ecosystem, focused on AIGC (Animation, IDOL, GAME, and Comics) Gen Z entertainment content, and its graphical, intelligent metaverse social foundation.

Official Website: https://www.meet48.xyz/

Twitter (X): https://x.com/meet_48

Telegram: https://t.me/MEET_48

Discord: https://discord.gg/meet48

Disclaimer. This is a paid press release.

Abu Dhabi, UAE, August 29th, 2024, Chainwire

Layer 1 blockchain Kaia has announced its mainnet launch alongside the Kaia Wave builder support program by Kaia and LINE NEXT to accelerate consumer adoption of web3 services. Created through a merger between the L1 chains Klaytn and Finschia initially developed by Kakao and LINE respectively – both operators of popular Asian messaging apps – Kaia aims to become a major web3 ecosystem that has onboarded more than 400 partners.

The Kaia mainnet will go live on August 29 as the world’s fastest EVM blockchain with one-second finality, ultra-low gas fees, and support from leading Asian web3 partners including Kakao and LINE NEXT, LINE’s venture dedicated to developing and expanding the Web3 ecosystem.

Kaia aims to solve web3’s UX and distribution challenges via deep integration with leading Asian messengers. This will support a thriving ecosystem of DeFi, gaming, RWAs, and messenger apps running on scalable web3 infrastructure.

Using the NEXT WEB SDK package that includes the Kaia Wallet SDK, Kaia Wallet Market API and LINE LIFF API, Kaia builders will be able to create LINE Mini Dapps that launch within the LINE messenger, bringing Telegram-style native app integration. Leveraging Kaia’s low TX latency, account abstraction, and fee delegation features, developers can create end-to-end seamless UX while extending their reach to hundreds of millions of LINE users across Asia.

The Kaia Wave builder support program developed by Kaia and LINE NEXT will provide up to $1.2M worth of marketing, tech, and business support per eligible team, with grants available to builders who leverage the NEXT WEB SDK. Teams will also benefit from TGE and liquidity support as well as follow-up VC connections.

Dr. Sam Seo, Chairman of Kaia DLT Foundation, said: “The much-anticipated launch of the Kaia mainnet heralds a new era for the mass consumer adoption of blockchain-based services. Kaia will bring web3 to the rest of the world, starting from Asia.”

“The launch of the Kaia mainnet is an important momentum for the LINE NEXT business as well, and I think it has started an important first step toward expanding the Asian Web3 ecosystem.” said Youngsu Ko, CEO of LINE NEXT Inc. “LINE NEXT will focus on bringing new experiences to users with the new Web3 platform and LINE Mini Dapps through Kaia Wave.”

Klaytn’s blockchain technology is already widely used in South Korea for an array of consumer-facing use cases such as loyalty programs and medical implant certificates. Finschia blockchain, meanwhile, powers the popular DOSI digital commerce platform where anyone can purchase memberships, access passes, concert tickets, and NFTs using crypto or fiat. The merger of these blockchains will ensure strong adoption from day one as projects such as DOSI migrate to Kaia.

The Kaia mainnet will launch with a massive addressable user base already in place through LINE and Kakaotalk’s combined 250M users. Kakaotalk is used by 96% of South Korean residents while LINE is the dominant messenger in Japan, Taiwan, and Thailand. Through its integration with two of Asia’s most popular messenger superapps, Kaia provides a ready-made market for developers that will empower them to create original dapps that are accessible to millions.

About Kaia

Kaia is a high performance public blockchain that brings web3 to the fingertips of hundreds of millions across Asia. Formed through the merger of the Klaytn and Finschia blockchains that were initially developed by Kakao and LINE respectively, Kaia is Asia’s largest web3 ecosystem. It’s integrated with Kakaotalk and LINE messenger that have a combined user base of over 250 million, all of whom can experience web3 with the ease and speed of web2 within their favorite messenger superapp to connect, create, collaborate, and contribute to the ecosystem.

Learn more at www.kaia.io

Disclaimer. This is a paid press release.

WILLEMSTAD, Curacao, August 29th, 2024, Chainwire

On August 28, 2024, BC.GAME, one of the world’s leading igaming platforms, announced that it has become one of the first igaming platforms to support DOGS deposits and withdrawals. Currently, users can use DOGS to play all games and place sports bets on BC.GAME, with related deposit and cashback activities set to launch soon.

BC.GAME, a leading online gaming platform, has announced its support for deposits and withdrawals using Dogs, a unique meme coin created on Telegram’s TON blockchain. Players can now use Dogs to play all games on the platform and place bets on sports. For all users, this deposit and withdrawal promotion is accompanied by a giveaway.

By integrating Dogs as a deposit method, BC.GAME continues to expand its range of supported cryptocurrencies, offering its players even more flexibility and options.

BC.GAME CEO Jack Dorset commented on the new integration: “We are excited to add Dogs to our list of supported cryptocurrencies. This unique meme coin not only brings a fun and engaging aspect to the platform but also strengthens our connection with the ever-growing community of Telegram users. We are always looking for ways to enhance our players’ experience, and accepting Dogs as a deposit method is another step in that direction.”

The crypto trader, along with other users, has been drawn to the growing buzz surrounding the token recently. DOGS is a native Telegram meme coin with utility within the network’s ecosystem, particularly around non-fungible tokens (NFTs) and beyond. Inspired by 'Spotty,' the mascot created by Telegram founder Pavel Durov, the project quickly gained attention, especially following its listing as the 57th protocol on Binance Launchpool.

Players at BC.GAME can now enjoy seamless deposits with Dogs, along with the platform’s wide range of games and betting options. For more information on how to deposit with Dogs at BC.GAME, users can visit BC.GAME's website.

 About BC.GAME

BC.GAMEBC.GAME is a leading crypto iGaming platform, known for its community-driven approach and cutting-edge technology. Established in 2017, BC.GAME offers more than 8,000 games, including sports betting, slots, and live table games. The platform is also recognized for its partnerships with top-tier brands such as Leicester City FC, the Argentina National Football Team, and Cloud9.

Disclaimer. This is a paid press release.

New York, New York, August 28th, 2024, Chainwire

DTX Exchange (DTX) has taken center stage in the crypto market after announcing the much-awaited testnet launch. The decentralized trading platform has also surpassed $1.8 million raised in its ongoing presale weeks ahead of expected. This development is expected to accelerate the development of a unified trading ecosystem. 

Analysis of DTX Exchange’s Unified Platform

DTX Exchange (DTX) was envisioned as a cutting-edge platform that brought together conventional and decentralized assets under a single umbrella. The DeFi exchange provides retail traders with maximum capital access along with a suite of trading products. Access and security are paramount in the development of the platform to ensure that traders can interact with over 100,000 financial instruments in a single application. 

The background infrastructure of DTX Exchange (DTX) is backed by a proprietary Layer-1 blockchain that ensures seamless governance. Additionally, the platform has also introduced the VulcanX protocol to minimize trading fee and offer a multi-channel trading avenue for traders around the globe. 

DTX Exchange Surpasses $1.8 Million in Funds Raised 

The DTX Exchange's value proposition has been validated by its current market performance. The platform raised over $1.8 million within its initial weeks of launch, and the funding is expected to accelerate the deployment of DTX products, including the layer-1 blockchain, integrated wallet application, and enterprise APIs, which are central to the development of a decentralized ecosystem. 

Exploring the VulcanX Evolution 

According to the team, with the crypto market increasingly shifting towards mainstream adoption, it is essential to have platforms that provide a smooth onboarding experience for users to become a part of web3. DTX Exchange provides the perfect onramp by merging traditional equities, stocks, forex, and crypto trading under a unified umbrella. This transition is represented by the VulcanX protocol going live by the platform.

The recent upgrade includes a Layer-1 blockchain that has already entered its testnet stage. In the final deployment, the blockchain is expected to outperform established leaders and prove to be an innovative challenger to leading altcoins. DTX has also strategically integrated data feeds from other fintech platforms to provide a streamlined solution for investors. 

About DTX Exchange

DTX Exchange is the first hybrid trading platform with its VulcanX blockchain infrastructure. The platform is redefining the global trading industry with its cross-functional approach towards stocks, crypto assets, equities, and contract trading options. With support from a rapidly growing community, DTX Exchange aims to make a massive impact. For more information about the upcoming features and developments, users can visit the DTX Exchange website or interact with the community on Telegram. 

To learn more about the DTX platform: 

Website: https://dtxexchange.com/ 

Presale: https://presale.dtxexchange.com/ 

Telegram: The DTX Community 

Disclaimer. This is a paid press release.

Dubai, UAE, August 28th, 2024, Chainwire

Cypher Capital, a multi-strategy crypto investment firm, today announced its role in a $20 million Series A funding round for Space and Time (SxT) Labs. The round also had participation from notable investment firms Framework Ventures, Lightspeed Faction, Arrington Capital and Hivemind Capital. Additional investors include Microsoft’s M12 Ventures, DCG, F-Prime Capital, OKX Ventures, Circle Ventures, Alumni Ventures, among several others.

The Series A funding elevates Space and Time’s total investment to $50 million, demonstrating confidence from the industry and investment community in their vision and capabilities. The funds will be utilized to drive engineering and product development, enhance ecosystem growth, and bolster community engagement.

“We are always on the lookout for projects that stand to make a significant impact across the industry,” said Harsh Agarwal, Investment Lead at Cypher Capital. “Space and Time’s innovative approach to integrating AI with blockchain technology aligns perfectly with our investment strategy to advance transformative solutions. We are sure their compute layer will play a pivotal role in shaping the future of decentralized applications and trustless data processing.”

The investment comes on the heels of a previous strategic funding round led by Microsoft’s M12 Ventures in September 2022. Space and Time’s technology suite includes comprehensive blockchain indexing from major chains like Ethereum, Bitcoin, and Polygon; a robust data warehouse for integrating and analyzing both blockchain and offchain data with SQL-based tools; and the Proof of SQL, an innovative zero-knowledge coprocessor for scalable and trustless data processing. The team, featuring top experts in AI, blockchain, and cryptography, is advancing the field with their collaboration with Microsoft’s AI Co-Innovation Lab to push the boundaries of generative AI solutions.

About Cypher Capital

Cypher Capital is a leading early-strategy venture firm focused on investing in Web3 infrastructure and applications that will drive the new digital economy. Guided by environmental, social, and governance for every investment decision, Cypher is shaping the future of digital currency, public markets, and Web3. 

Website | Blog | LinkedIn | Telegram | Instagram | Facebook | Youtube | X 

About Space and Time

Space and Time (SxT) is the verifiable compute layer for AI x blockchain that joins tamperproof onchain and offchain data to deliver enterprise use cases to smart contracts and LLMs. SxT has developed a novel cryptography called Proof of SQL that allows developers to connect analytics directly to smart contracts, opening up a wealth of powerful new use cases and business logic on blockchain technology. SxT is built from the ground up as a multichain data platform for developers in financial services, gaming, DeFi, or any project requiring verifiable data across enterprise, blockchain and AI.

Disclaimer. This is a paid press release.

Delaware, USA, August 28th, 2024, Chainwire

Creditcoin, the foundational L1 blockchain, announced the launch of its EVM-compatible mainnet, marking an improvement to enhance global financial inclusion through blockchain technology. This launch advances Creditcoin’s core mission and introduces CreditWallet, a new mobile wallet app designed to optimize user engagement with the Creditcoin ecosystem.

The EVM compatibility upgrade marks a notable development, allowing developers to easily migrate their existing dApps and smart contracts to the Creditcoin network. This integration facilitates seamless multi-chain interactions and reduces the complexities and costs traditionally associated with cross-chain operations. The introduction of the Universal Smart Contract (USC) layer will further streamline these processes by enabling direct, secure interactions across various blockchains without the need for bridging.

Central to the update is CreditWallet, a new mobile app transforming how users manage their digital assets. CreditWallet simplifies cross-network transfers between Creditcoin’s EVM and Substrate chains, making it easier for users to move assets and interact with dApps across different ecosystems. The app’s user-friendly interface, non-custodial ownership, and enhanced security features help to ensure a seamless and secure experience for users, both new and old.

Existing Creditcoin Classic users will see their token balances transferred based on a snapshot taken on August 21, 2024. They will need to reconfigure their roles as nominators and validators on the new mainnet, while also exploring new staking opportunities through the updated dashboard. For technical integration, users are encouraged to review Creditcoin’s resources, including RPC information and guidance on adding Creditcoin EVM to MetaMask.

About Creditcoin

Creditcoin is a foundational L1 blockchain designed to match and record credit transactions, creating a public ledger of credit history and loan performance and paving the way for a new generation of interoperable cross-chain credit markets. By working with technology partners, fintech lenders such as Aella, and other financial institutions across global emerging markets, Creditcoin is securing capital financing, building credit history and facilitating trust for millions of underserved financial customers and businesses based on the principles of RWA.

Disclaimer. This is a paid press release.

Grand Cayman, Cayman Islands, August 28th, 2024, Chainwire

Fordefi brings institutional-grade security to the Sui Network

Sui, the Layer 1 blockchain offering industry-leading performance and infinite horizontal scaling, announced that it has joined forces with Fordefi, a company that employs multiparty computation (MPC) technology to deliver a secure institutional wallet platform for DeFi. Fordefi's comprehensive platform and Web3 gateway provide an enterprise grade solution enabling builders, traders, and operators to self-custody their private keys, seamlessly connect to thousands of decentralized applications (dApps) across any blockchain, and manage digital asset operations with granular policies and a unified interface.

Fordefi’s integration with Sui enables institutional users to securely self-custody their private keys and connect to thousands of dApps across various blockchains, ensuring complete control over their digital assets, enhancing operational efficiency, and dramatically simplifying digital asset management. The platform also offers customizable policies to protect workflows and consolidates all digital asset operations into a unified interface, providing a comprehensive and user-friendly asset management solution. 

“Sui’s scalable, secure platform is uniquely suited to meet the demands of institutional users,” said Gap Kim, Global Head of Marketing for Sui Foundation. “By providing a secure, institutional-grade custody solution and seamless access to DeFi features, Fordefi empowers asset managers, trading firms, and exchanges to fully leverage Sui’s capabilities, enhancing the Sui ecosystem and driving further adoption.”

With this collaboration Fordefi becomes the first institutional-grade custody solution to offer convenient access to DeFi functionalities on the Sui blockchain. This integration benefits asset managers, trading firms, exchanges, and other institutional entities by providing a reliable and secure wallet-as-a-service.

“We are excited to add support for Sui Network,” said Josh Schwartz, CEO and Co-Founder of Fordefi. “Enabling our MPC wallet on Sui Network ensures that institutional clients can now benefit from secure self-custody and seamless dApp integration, while accessing Sui DeFi. We look forward to the evolution of this partnership.”

Disclaimer. This is a paid press release.

Dubai, UAE, August 28th, 2024, Chainwire

Cypher Capital, a multi-strategy crypto investment firm, today announced its role in a $3.5 million seed funding round for Echelon, an innovative decentralized lending protocol. The seed round attracted additional support from strategic partners including Amber Group, Laser Digital, Saison Capital, Selini Capital, Interop Ventures, and Re7. 

This investment demonstrates Cypher Capital’s commitment to supporting advanced solutions in decentralized finance (DeFi) and blockchain technology. Echelon aims to enhance DeFi lending by improving capital efficiency, integrating with other DeFi applications, and providing innovative yield strategies on Move-based blockchains such as Movement and Aptos.

“Echelon has demonstrated that their project is truly driving innovation in the DeFi space,” said Harsh Agarwal, Investment Lead at Cypher Capital “Echelon’s focus on capital efficiency, user-friendly design, and its potential to integrate real-world assets makes it a standout in the evolving DeFi landscape. We are excited to support their efforts in developing high-performance lending markets.”

Echelon’s protocol features advanced functionalities including increased borrowing power on correlated assets, isolated pools for niche asset markets, and direct in-wallet integration for streamlined yield strategies. The platform is designed to target institutional-grade markets while ensuring affordable borrowing rates and innovative yield opportunities.

“This funding will help us build additional lending and risk management products, expand to new networks, and provide global access to dollar denominated yields,” said Glen Rose, cofounder of Echelon. “We’re excited to build core primitives on high performance Move-based chains.” 

With the new funding, Echelon plans to enhance its offerings by developing strategies backed by treasury and real-world assets (RWAs), implementing cross-chain deposit vaults, and expanding its team of full-stack and smart contract engineers.

About Cypher Capital

Cypher Capital is a leading early-strategy venture firm focused on investing in Web3 infrastructure and applications that will drive the new digital economy. Guided by environmental, social, and governance for every investment decision, Cypher is shaping the future of digital currency, public markets, and Web3. 

Website | Blog | LinkedIn | Telegram | Instagram | Facebook | Youtube | X 

About Echelon

Echelon is a high-efficiency decentralized lending protocol that enables users to borrow and lend assets through non-custodial pools. Its platform enhances capital efficiency and borrowing power while providing secure, overcollateralized positions. Echelon supports isolated pools for long-tail assets and offers streamlined leverage staking and RWA-backed vaults, positioning itself as a leader in the next generation of DeFi protocols.

Disclaimer. This is a paid press release.

Dubai, United Arab Emirates, August 28th, 2024, Chainwire

The Polyhedra community has approved a proposal to integrate Flare with Polyhedra’s zkBridge DVN. This integration will empower Flare developers to create secure and efficient cross-chain applications using LayerZero while benefiting from the cryptographic guarantees of ZK proofs.

zkBridge is a trustless, efficient, and secure cross-chain interoperability protocol and one of LayerZero’s Decentralized Verifier Networks (DVNs). It supports more than 30 layer-1 and layer-2 networks, and has successfully verified more than 20 million cross-chain transactions. zkBridge uses zkSNARKs to enable a prover to efficiently convince the receiver chain that a certain state transition happened on the sender chain. In addition to robust bridging safety, enabled by ZK proofs, zkBridge offers strong liveness guarantees, since only one honest member of the validator set is required for bridging.

Hugo Philion, Flare Co-founder, said: “Polyhedra’s zkBridge adds an additional security layer to LayerZero’s interoperability protocol and will be welcomed by Flare developers and users alike. Its integration is a sign of the growing support for Flare from cross-chain protocols and demonstrates the value of ZK technology in making it easier for value to flow freely between networks.”

Eric Vreeland, Chief Strategy Officer of Polyhedra said: “We are excited that the Polyhedra community has voted to support the integration of Flare with zkBridge. The level of activity on Flare has been ramping up and reliable bridging protocols are the key to accelerating this while maintaining decentralization. We look forward to seeing how Flare developers utilize zkBridge to create dapps that draw data from a rich variety of multi-chain protocols.”

zkBridge utilizes zkSNARKs to securely relay and verify block headers and consensus across different chains. It uses a 2-layer recursive proof system to achieve fast proof generation and low on-chain proof verification cost to support cross-chain applications. Polyhedra's zkLightClient technology in particular dramatically reduces onchain verification costs and latency by allowing for the efficient batching of multiple transaction verifications into a single proof.

On-chain light clients allow for the source chain's validator set to attest to an event that occurred on their chain to a destination chain. Dapps deployed on Flare, for example, can draw data from other networks using zkBridge, allowing them to create powerful cross-chain financial applications for DeFi, including trading, perps, prediction markets, and much more.

The integration of Polyhedra’s zkBridge adds a layer of security on top of the LayerZero messaging protocol while making it easier for data and assets to flow freely to Flare, whose TVL has reached all-time highs. The number of wallets on Flare has also surpassed 1M as users have onboarded to its growing DeFi ecosystem.

About Flare

Flare is the blockchain for data: an EVM smart contract platform specifically designed to support data intensive use cases, including Machine Learning/AI, RWA tokenization, gaming and social. With decentralized, enshrined oracles secured at the network layer, Flare is the only smart contract platform optimized for decentralized data acquisition: price & time series data, blockchain event & state data, and web2 API data. By giving developers trustless access to the broadest range of data and data proofs at scale and for minimal cost, Flare expands the utility of blockchain and supports the development of new and improved use cases.

About Polyhedra

Polyhedra Network designs and develops scalable and efficient zero-knowledge proof protocols for large-scale ZKP systems with distributed computing networks. Its products include zkBridge, zkLightClient, and Expander, the world's fastest ZK prover. Polyhedra applies zero-knowledge technology to web2 and traditional financial (TradFi) sectors to provide improved security, privacy, and efficiency. 

Learn more: https://www.polyhedra.network/

Disclaimer. This is a paid press release.

San Franciso, California, August 27th, 2024, Chainwire

Gameplay Galaxy, creators of the blockbuster Trial Xtreme franchise, has announced the successful extension of their recent seed funding round. The extension offers an additional $11 million in capital bringing their total funded amount to $24 million. 

This investment, led by Blockchain Capital and Merit Circle can underscore the growing confidence in Gameplay Galaxy’s innovative approach to Web3 gaming and its potential to disrupt the market. Trial Xtreme Freedom is positioned to lead the transition from Free-to-Play (F2P) to Web3 broad adoption by introducing new player centric digital ownership utilization models. 

One specific feature that is expected to make waves is track ownership, empowering track owners to hold their own tournaments, and special events. Players will also be able to craft, upgrade, own their bikes and earn tokens through their in-game experiences. These Web3 features will bring a new level of player ownership set on a foundation of best-in-class gameplay. 

The funds will be strategically utilized to accelerate product development, expand the world-class team, and enhance go-to-market strategies. 

Doron Kagan, Founder and CEO of Gameplay Galaxy stated, “We believe that Web3 represents the natural evolution of the Free-to-Play model, paving the way for the most significant transition in gaming history. This new paradigm not only enhances player engagement but also opens up unprecedented opportunities for the emergence of new gaming giants. We’re excited to be at the forefront of this revolution, driving innovation and creating value for our players and stakeholders.”

“Our players are and will always be our focus. Trial Xtreme Freedom is ground zero where our decades of successful game development and Web3 innovation collide,” said Maya Gurevich, Founder and COO of Gameplay Galaxy. “We are here to revolutionize the entire gaming industry by empowering players to have meaningful ownership in a frictionless gaming experience, all while having fun setting new track records.”

 “Through our investment career, spanning seed VC to hedge fund public equities, we have invested into the video game industry and realize that it's incredibly challenging, requiring the right blend of talent, technology, and leadership,” Says Bart Stephens, GM at Blockchain Capital. “We have witnessed numerous VCs pour hundreds of millions into web3 games, and we have not been interested —until we met the Trial Xtreme team. We believe that Doron, Maya, and their dedicated team, with over 300 million downloads under their belt and a deep understanding of blockchain, have the expertise to create the first web3 game to achieve widespread mainstream success.”

About Gameplay Galaxy 

Gameplay Galaxy is the game development studio behind the Trial Xtreme Series, a leader in the mobile games sport and racing category. Their mission is to deliver the world’s first Web3-powered, competitive extreme sports ecosystem. With a successful track record and commitment to embrace emerging technologies, Gameplay Galaxy is pushing the boundaries of what is possible and delivering unforgettable experiences to players worldwide. 

Users can join the Gameplay Galaxy and Trial Xtreme Freedom community on X and follow along with recent updates by visiting the Gameplay Galaxy site. 

Disclaimer. This is a paid press release.

Road Town, British Virgin Islands, August 27th, 2024, Chainwire

Legion plans to become one of the first MiCA-compliant CASPs and bring access to early fundraising and token offerings to non-accredited investors.

Today, Legion emerges to mark a new era of merit-based on-chain fundraising.

According to the team, Initial Coin Offerings (ICOs) revolutionized how blockchain projects fundraise. They offered equal opportunity to participate in the early stages of new projects, and as a result, created some of the strongest communities crypto has ever seen, such as the LINKMarines, ThorChads, and ETH maxis.

"I participated in half a dozen ICOs. I loved them, but it was clear they had flaws. Scams, bots, and a regulatory clampdown killed on-chain fundraising. Now price discovery occurs in back-room deals. Investment upside is fully extracted off-chain, before everyday users have access. These private markets stand in stark contrast to crypto’s decentralized ethos and leave projects well-funded, but without any organic community." - Legion cofounder Matt O’Connor

Legion exists for a singular purpose: to provide equal opportunity access to on-chain fundraising for new crypto projects. It achieves this mission with its investor reputation and accountability layer, as well as by providing regulatory clarity offered by the latest regulations. Together, these features ensure that for teams using Legion, the risk-to-reward ratio of raising from retail users on-chain is competitive to that of raising from VCs.

Legion's founding team are no strangers to on-chain fundraising, having worked for multiple projects funded by ICOs - including current and former Top 50 projects by market cap such as Stacks, "the first SEC-qualified [token] offering in U.S. history".

“Raising from retail investors on-chain is the best way to build an incentive-aligned community, but it can be risky because you don’t know who your early investors are. Will they be long-term supporters? Are they real or just sniping bots? Legion’s accountability layer allows teams to assemble their retail army based on on-chain and off-chain criteria, and slash the reputation of short-term actors. It changes the incentives, and aligns everyone to act long-term.” - Legion cofounder Fabrizio Giabardo

Legion is backed by a number of mission-driven previous founders, accelerators, and angels, completing a $2M Seed round led by Cyber Fund, with participation from AllianceDAO, Delphi Labs, CoinGecko, Mike Dudas, Alex Svanevik, Peter Smith, Maggie Love, Jon Wu, Ryan Watkins, LongHash, and others.

“For projects, it’s all about maximizing the amount of value per dollar raised. Raising from the right mix of retail and venture capital investors is crucial for the right community. Just as your first ten employees define company culture, your first 100 -1,000 token holders define community culture.” - Cyber managing partner and former Lido cofounder Konstantin Lomashuk

With this latest round, Legion is building its reputation system and accountability layer, and securing the necessary VASP/CASP licenses to facilitate pre-token fundraising rounds and token sales for non-accredited investors under MiCA.

About Legion

Legion makes investing in on-chain fundraises accessible to retail investors through regulatory compliance and investor accountability. Projects using Legion can customize allocation, whitelist, discounts, and more using on-chain and off-chain criteria about each investor, assembling an organic, die-hard, community of supporters. Each user on Legion is assigned a Legion Score, as well as subcomponent scores and achievements, reflecting their ability to add-value across multiple facets and heavily reducing bot and Sybil activity. These reputation scores change based on how investors support the projects they invest in, disincentivizing short-term, value-extractive type behaviors.

To learn more about Legion and user's Legion Score:

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Disclaimer. This is a paid press release.