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🎖️Second-largest coin is looking to land on Wall Street through eight exchange-traded funds, lowering the entry barrier to crypto investing.
🔹Ethereum (ETHUSD) exchange-traded funds (ETFs) - eight in total - are speculated to launch on July 2, following an approval by the Securities and Exchange Commission last month. The new investment vehicles will complement the already-listed Bitcoin exchange-traded funds, which enjoyed such big demand, they shot the price of the orange token to a record high of more than $73,000. Will we see a similar move in the price of Ethereum?
🔸Ether is the second-biggest cryptocurrency, trading in the range of $3,500 to $3,600 per coin. And despite being up nearly 50% on the year, the token is still ways away from its November 2021 record of just under $4,900. Some analysts are excited to think that the ETF launches could spur a rally in the price of Ether that would rival the one in Bitcoin earlier this year. That said, what's an Ether ETF?
🔹Ether ETFs, or ETH ETFs, will hold genuine Ethereum and allow ordinary people and professional money managers to invest in the coin, swelling its market cap in the process. Speculation aside, one thing is for certain - the ETH ETFs pending rollout will lower the market's entry barrier, potentially expanding crypto's footprint in the US as more people warm up to the digital asset class.
🔺Xai Foundation Announces Xai Vanguard: Genesis Activation♻️
♦️The $XAI Foundation, a core contributor to the gaming-centric blockchain network, Xai, has announced the upcoming launch of its premier gaming activation, #XaiVanguardGenesis Scheduled to kick off on June 10th and run through November, this event is set to feature a rich lineup of new game releases, quests, achievements, and rewards tailored for the Xai community.
♦️What is the Xai Vanguard: Genesis Activation🔰 🔺#XAIVanguard Genesis builds on the momentum of last year’s successful Xai Odyssey campaign, which saw impressive engagement within the blockchain gaming space. Xai Odyssey recorded over 500,000 connected wallets, 5 million daily transactions, and $175 million in player rewards. Unlike its predecessor, which operated on the Xai testnet, the Xai Vanguard: Genesis will be the first major campaign conducted on the Xai mainnet. 🔺Xai Blockchain🌐
🔺Xai is the world’s first Layer 3 solution for AAA gaming. Powered by Offchain Labs’ Arbitrum technology, Xai was developed to enable real economies and open trade in the next generation of video games. 🔺Additionally, Ex Populus, founded by experts from industry giants Activision, Pixar, Ubisoft, and others, is the pioneering game developer on the Xai chain and believes that blockchains should primarily serve as a backend technology, and complex web3 interactions should be abstracted away. This approach enables traditional gamers to enjoy the advantages of blockchain without encountering the often high barriers typically associated with web3 experiences. 🔖#XAİ Tokenomics 🔺The Xai network and ecosystem leverages XAI and esXAI (escrowed XAI) to bring balance and integrity to the ecosystem.
♦️Xai Reveals Vanguard: Genesis Campaign With New Ethereum Games and Rewards 🎖️ Decrypt ✨ 👉Decrypt’s Art, Fashion, and Entertainment Hub.
🔺Xai, an Arbitrum-powered Ethereum layer-3 scaling network focused on video games, announced Thursday that it will launch its Vanguard: Genesis campaign beginning June 10, offering up months of game launches and fresh rewards ahead. 🔺Set to run through November, the Vanguard: Genesis campaign will feature a suite of new game releases, quests, achievements, and rewards for the Xai community. Games including Crypto Unicorns, Final Form, and The Lost Glitches will launch and reward players for achieving in-game milestones as they compete for the top spot on the leaderboard. 🔺The event follows the previous Xai Odyssey campaign last year, which drew more than 500,000 connected wallets, generating 5 million daily transactions ahead of a rewards distribution to players of $175 million worth of assets. 🔺The launch of Xai Vanguard: Genesis marks a significant milestone for the Xai ecosystem," said the pseudonymous Soby, a core contributor to Xai. "By bringing together a diverse range of game partners and leveraging our robust infrastructure, we create an unparalleled gaming experience that will drive innovation and engagement in the blockchain gaming space. 🔺Developers will also be able to participate through "builder quests" facilitated by the recently announced Xai Builder development platform powered by Sequence. ♦️Vanguard NFT Drop🎭 🔺The Xai Foundation is giving away an NFT collection on Xai Testnet. The drop will span over 42 days and offers a collection of 42 unique characters called Vanguards.
🌐Network Rewards🧧
🔺Network Rewards are issued from a Challenge every hour based on the emission schedule. These hourly rewards are divided up amongst all operational Sentry Keys that participate in the Challenge. 🔺Although the total network Reward for each Challenge is fixed by the emission schedule, the division of the Network Reward amongst the operational and participating Sentry Keys depends on a number of factors: the total supply of XAI and esXAI, the number of keys that are operating for a given Challenge, and the reward tier of those keys. #XaiVanguardGenesis $ARB $SOL
♏Manta Network The Multi-Modular Ecosystem for ZK Apps
♏ What Is #MANTA Network? 🔹Manta Network is a multi-modular ecosystem designed for zero-knowledge (ZK) applications, setting the standard for innovative and secure decentralized solutions. It has two networks: Manta Atlantic (a Layer 1) and Manta Pacific, an Ethereum Layer 2 with plans to transition to be the first zkEVM built on Celestia utilizing the Polygon CDK.
🗝️ Key Takeaways. 🔸Manta Network uses a dual-blockchain approach; Manta Pacific and Manta Atlantic. 🔹Manta Atlantic provides a secure and customizable environment for applications demanding ultimate security, including private smart contracts. 🔸Manta Pacific also offers an programmable zero knowledge development environment an EVM-native Layer 2, with the goal of providing high scalability and low transaction fees for ZK applications. 📚 #MantaRWA application. 🔖 Manta is the ideal choice for RWA startups seeking to thrive in the Web3 landscape. With a focus on empowering individuals and institutions, Manta offers secure digital tokens, data analytics, fractionalization, and collaboration tools. These features enable efficient management, transparent ownership, and broader investor participation in RWAs. By leveraging Manta's comprehensive suite of (REAL WORLD ASSETS) RWA management solutions, startups can navigate the complexities of Web3 with confidence, unlocking new opportunities and driving growth. ♏ The #MANTA Network Ecosystem. ♦️Manta Network is more than just its technological backbone; it fosters a vibrant ecosystem of dApps and services dedicated to empowering users. Below is a list of popular dApps in the Manta Network ecosystem.
🔹Mantaswap: A decentralized exchange allowing users to swap assets on Manta Pacific with minimal fees and enhanced privacy. 🔸Network Operator Pools (NPO) Launchpad: A platform for minting privacy-preserving NFTs and zkSBTs (Soulbound Tokens), opening doors for innovative use cases in identity management and data ownership. 🔹POMP Dapp: A privacy-aware order book module for building decentralized exchanges with advanced trading capabilities. 🔸Aperture Finance: A privacy-preserving lending and borrowing protocol, Aperture allows users to access decentralized finance tools without exposing their financial activities. 🛡️ #MANTA CeDeFi: Boosting Yield and Security. ♦️Manta CeDeFi unlocks opportunities directly to on-chain users beyond simply DeFi solutions. This CeFi + DeFi (CeDeFi) combination brings users with institutional-grade compliance and extensive financial agility, through which Manta CeDeFi enables USDT, USDC, wUSDM, WBTC, BTCB, ETH, and STONE holders to earn more: including CeFi’s stable strategy arbitrage, DeFi yields on Manta Pacific, and $MANTA token. ♦️Modular Architecture.
🔹Manta's modular design, in a nutshell, is a developer’s playground where building blocks of privacy snap together with minimal compromises. 🔸Developers can freely mix and match functionalities across chains, building innovative apps that work together seamlessly. Need privacy for your DeFi exchange, or anonymity for your NFT marketplace? Manta's got pre-built modules ready to go. ✍️ Interoperability. 🔹Interoperability is at the center of Manta Network. Tearing down the walls between blockchains, allows users to transfer their assets between Manta Pacific, its Atlantic layer, and beyond. 🔸Manta Network recently partnered with Polyhedra Network to bring trustless and efficient interoperability through zkBridge. This partnership is expected to play a vital role in the network’s adoption. 📑#MANTA Network's Universal Circuits. 🔹According to Manta Network, currently there is no dedicated platform for EVM-native zero knowledge applications. To make it easier for developers to implement ZK technology, Manta Network developed Universal Circuits, a library of zero knowledge circuits designed for general use cases, allowing Solidity developers to enable ZK features in their applications with a few lines of code. These include compliant private payments for DeFi, identity verification for web3 social platforms, and even privacy-preserving shuffling for on-chain gaming. 👉 Understanding #MANTA Network. 🔸Manta Network isn't just one chain, it is a multi-dimensional ecosystem offering solutions for a variety of needs. At its core lies Manta Pacific, a high-performance Layer 2 solution built on Celestia. With the help of ZK-SNARKs, Manta Pacific offers blazing-fast transaction speeds and drastically reduced gas fees, making it ideal for scaling privacy-preserving dApps. Manta Atlantic, on the other hand, is a Layer 1 blockchain designed for applications requiring ultimate security and customization. 🔹Manta Network envisions becoming the leading ecosystem for privacy-preserving applications on blockchains. Its mission is to empower individuals and developers with tools and technologies that safeguard financial privacy and enable secure, confidential interactions on any blockchain. 🌐 The #MANTA Network Team. 🔸The formidable team driving Manta Network has years of expertise in numerous sectors in and around the fintech space; the combined expertise stands as one of the reasons for Manta Network's $500 valuation. 👉The #MANTA Network team includes the following key personnel. 🔹Kenny Li: Co-founder, MIT alum in Business Administration, bringing top-tier education and strategic vision. 🔸Victor Ji: Co-founder, Harvard alum in Public Administration, contributing invaluable expertise and leadership. 🔹Shumo Chu: Co-founder, UC Santa Barbara Assistant Professor, Algorand Systems researcher, collaborating with crypto's finest minds, including Turing Award winners. $MANTA #MantaRWA #MantanNetwork