Dubai, UAE, September 18th, 2024, Chainwire

VIKITA, a memecoin operating on the SunPump platform, has been listed on the Poloniex exchange, available for trading against USDT (Tether). Built on the TRON blockchain, VIKITA benefits from fast, low-cost transactions, providing users with an efficient trading experience.

SunPump, the platform hosting VIKITA, specializes in supporting memecoins, allowing users to create, buy, and sell tokens without the need for initial liquidity. This structure aims to simplify access to token creation and trading for users within the ecosystem.

With a limited supply of 1 million tokens, VIKITA has seen notable trading activity since its listing. The liquidity of the token has surpassed $300,000, while the daily trading volume has exceeded 1 million TRX. The token has also reached a market capitalization of over $7 million as of the date of this release, placing it among the top 10 tokens by market capitalization on the SunPump platform.

VIKITA’s distribution has been managed exclusively through SunPump, ensuring transparency in the process. The platform's structure seeks to eliminate potential risks of manipulation.

SunPump is a growing platform within the TRON ecosystem, known for its role in facilitating USDT trading. The platform’s focus on memecoins has attracted significant interest in VIKITA, contributing to its early market performance.

About VIKITA

VIKITA is a memecoin built on the TRON network and operates on the SunPump platform, which is designed to support the creation, buying, and selling of memecoins without requiring initial liquidity. With a limited supply of 1 million tokens, VIKITA offers fast, low-cost transactions, benefiting from TRON’s blockchain infrastructure. Since its launch, VIKITA has gained significant attention in the market, becoming one of the top tokens by market capitalization on the SunPump platform.

Disclaimer. This is a paid press release.

Tel Aviv, Israel, September 18th, 2024, Chainwire

Payments blockchain Fuse has announced a major update to its roadmap and major plans to grow its ecosystem through a series of initiatives designed to accelerate adoption. These improvements will enhance scalability as part of its transition to modular architecture based on zkEVM.

The network upgrade will see Fuse migrate to an L2 powered by the Polygon CDK to support new use cases and make it easier for businesses to develop powerful apps for payments and financial services with deep interoperability at their core.

Fuse has made significant progress in growing its community and onboarding partners since launching its EVM-compatible chain in 2019. It’s now seeking to build upon this foundation by taking advantage of innovations in web3 technology that support greater throughput and unlock new use cases.

Fuse Ember, the name given to the multi-stage network and ecosystem upgrade Fuse has tabled, will introduce a host of improvements over the next 12 months. The first phase will see Fuse upgrade to the latest EVM version via the London Hard Fork to incorporate new standards and features. From there, focus in phase two will shift to upgrading the network’s tokenomics which will include increasing the maximum staking threshold. This will deliver greater stability for validators.

In the long-term, Fuse intends to remove token inflation during phase three to ensure sustainable incentives, while the move to zKEVM will also see the native tokenomics revised. At the same time, switching to a L2 that supports zero-knowledge proofs will make it easier for developers to build applications that offer private payments and confidential transactions which will prove valuable in the creation of dapps spanning DeFi, enterprise usage, healthcare, and much more.

One of the chief benefits that the move to a zkEVM will bring is greater modularity, allowing blockchain resources to be allocated more efficiently. As a result, more transactions can be processed simultaneously and at lower cost without reducing decentralization. This approach also enables changes to individual modules without affecting the entire system.

Other milestones that have been added to the Fuse roadmap as part of Fuse Ember include a node sale in which 50,000 node licenses will be made available, each represented as an NFT. Node operators will earn rewards for validating transactions and there will also be the option to delegate NFTs for holders who don’t wish to directly run a node.

Fuse’s revamped roadmap will make it primely positioned to serve as a versatile and highly efficient L2 that will support payments, DeFi, and other use cases, while maintaining deep integration with the broader EVM ecosystem. Deployment of its zkEVM and revised tokenomics are expected before the end of the year before its node sale commences in 2025 as well as the introduction of new yield-generating products for Fuse users. 

About Fuse

Fuse is a layer 2 blockchain that offers fast, cheap and borderless payments with stablecoins and DeFi building blocks. It enables businesses to build, integrate and use blockchain technology to enhance mobile, e-commerce, loyalty and branded stablecoins.

Learn more: https://www.fuse.io

Disclaimer. This is a paid press release.

United Arab Emirates, Dubai, September 18th, 2024, Chainwire

MANTRA, a purpose-built layer 1 blockchain for tokenized real-world assets (RWAs) has announced it will launch its highly anticipated Mainnet in October 2024. This milestone event marks a significant step in bringing traditional finance onchain and provides a new home for MANTRA's native token, $OM.

MANTRA Chain will provide a comprehensive and customizable suite of tools allowing developers to tailor solutions based on their specific needs. This suite not only simplifies the process of bringing real-world assets onchain, but also ensures the solutions remain compliant with regulatory requirements. 

As part of MANTRA’s vision to become the preferred ledger of record for real-world assets, the MANTRA Chain Mainnet will include key features such as:

Verifiable network security and stability, mitigating counterparty risk 

A trusted platform to deploy institutional capital onchain

A foundation for a globally accessible asset class, unlocking the multi-trillion dollar real-world asset economy

"The launch of our Mainnet marks the culmination of years of work to bring finance onchain. We are thrilled to be at the forefront of bridging the gap between traditional and decentralized finance,” said John Patrick Mullin, CEO of MANTRA. “By providing  on-ramps for tokens and stablecoins with world class stability and reliability, we believe MANTRA Chain will be the leading global destination for businesses and industries to access onchain financing and asset tokenization."

MANTRA Chain’s launch represents a significant milestone in the integration of traditional finance with blockchain technology. MANTRA Chain will bring more RWA partnerships to the forefront, adding to recent announcements like MANTRA’s partnership with UAE real estate giant MAG to tokenize US$500 million of real estate.

For more information about MANTRA, the mainnet launch and the company’s ambitions for the RWA ecosystem, visit mantrachain.io.

###

About MANTRA:

MANTRA is a purpose-built Layer 1 blockchain for real-world assets, capable of adherence to real world regulatory requirements. As a permissionless chain, MANTRA empowers developers and institutions to seamlessly participate in the evolving RWA tokenization space by offering advanced tech modules, compliance mechanisms, and cross-chain interoperability.

Website | Twitter | LinkedIn | Discord 

Disclaimer. This is a paid press release.

Dubai, UAE, September 18th, 2024, Chainwire

Cypher Capital, a multi-strategy crypto investment firm, today announced its role in a $15 million seed funding round for Hemi Labs, a modular blockchain network unifying Bitcoin and Ethereum. Hemi Labs will use the funds to develop and launch the Hemi Network, utilizing funds from Cypher Capital to advance blockchain technology and enhance interoperability by developing a unified supernetwork.

The round comes after Hemi’s recent incentivized testnet launch, and a mainnet launch targeted for Q4 2024. Participation from numerous investors includes Binance, Breyer Capital, Big Brain Holdings, Crypto.com, HyperChain Capital, Alchemy, SALT Fund, Kelly Capital, Sunflower Capital, DNA Fund, Web3 Ventures, Quantstamp, TRGC, UTXO, Artichoke Capital, SNZ Holding, Capital6, IBG Capital, Protein Capital, MON Ventures, SV5, Impossible Finance, Jihan Wu (Bitdeer), and George Burke (Portal), among others.

“Hemi Labs is at the forefront of blockchain interoperability,” said Vineet Budki, CEO of Cypher Capital. “Their approach to integrating Bitcoin and Ethereum into a cohesive supernetwork addresses key scalability and security challenges, and our investment aligns with their mission to transform blockchain infrastructure and unlock new possibilities for decentralized applications.”

Unlike traditional efforts to integrate Bitcoin and Ethereum within their own ecosystems, Hemi Labs is developing a unified supernetwork. Hemi Network will include the Hemi Virtual Machine (hVM), integrating a full Bitcoin node within an Ethereum Virtual Machine (EVM), allowing developers to create cross-chain smart contracts with familiar tools while ensuring compatibility with existing EVM dApps and wallets. The Hemi Bitcoin Kit (hBK) facilitates direct smart contract access to granular Bitcoin state for advanced Bitcoin-native applications such as staking and lending markets.

The network also boasts Superfinality through Hemi’s Proof-of-Proof (PoP) consensus mechanism, ensuring Bitcoin-level security in a decentralized, permissionless manner and provides Bitcoin-security-as-a-Service to other blockchain networks. Hemi’s Tunnels will offer trustless cross-chain portability, improving upon traditional bridge methods. Additionally, Hemi will feature on-chain routing, time-lock, password protection, and gasless transfers for seamless asset movement without relying on native chain currencies.

“The quality and enthusiasm of our investors and partners reflect the groundbreaking nature of what we are building,”  said Jeff Garzik, Co-founder of Hemi Labs. “We are well positioned to advance blockchain technology by creating a supernetwork that marries the capabilities of Bitcoin and Ethereum, and Cypher Capital’s support is crucial to that success as they share our vision for the ecosystem.”

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 Hemi

The Hemi Network (“Hemi”) is a modular blockchain powered by Bitcoin and Ethereum that provides superior scaling, security, and interoperability. Hemi views Bitcoin and Ethereum as components of a broader supernetwork, unlocking new levels of programmability, portability, and potential. Hemi Labs is a leading developer of Web3 infrastructure and tooling, founded by renowned Bitcoin developer Jeff Garzik, and blockchain security pioneer Max Sanchez. Learn more at https://hemi.xyz/. 

Disclaimer. This is a paid press release.

Singapore, Singapore, September 18th, 2024, Chainwire

MatrixPort, a leading digital asset financial services platform and exSat, a breakthrough Bitcoin scalability solution, have entered into a comprehensive strategic partnership. By leveraging their respective strengths, they aim to accelerate the growth and application of the Bitcoin ecosystem, marking the start of a new era in Bitcoin development.

MatrixPort, a global one-stop digital asset financial services platform, brings extensive industry experience, robust technology, and a large user base to offer secure, convenient, and efficient digital asset trading and wealth management services. exSat Network focuses on developing unique scalability solutions for Bitcoin. Through the unique On-Chain UTXO data index, 1 second instant transaction confirmation, and secure asset custody solutions, it provides the Bitcoin network with more powerful scalability, functionality and interoperability, enabling new Bitcoin application scenarios.

This powerful collaboration plays to the advantages of both parties and brings multiple benefits to the Bitcoin ecosystem. MatrixPort's expertise and user base will support the rapid development of exSat, while exSat’s innovative technology will offer MatrixPort users more investment options and a superior experience. Together, they are committed to driving Bitcoin adoption and utility, revitalizing the Bitcoin ecosystem, and creating more value for users worldwide.

This strategic partnership will focus on the following key areas:

Unlocking Bitcoin Liquidity: Ushering in a New Era of BTCFi

Matrixport will provide nBTC on the exSat platform, a new Wrapped BTC version of the product that is 1:1 anchored with Bitcoin. They plan to provide 5,000-10,000 nBTC on the exSat mainnet to boost liquidity and support exSat’s PoW+PoS consensus mechanism.

The issuance of nBTC will become a bridge connecting Bitcoin and the exSat ecosystem, achieving seamless interoperability. Users can convert native BTC to nBTC via MatrixPort and utilize it on exSat for various BTCFi applications such as staking, lending, and trading.

The issuance of nBTC holds significant implications in a context where 94% of Bitcoin has already been mined:

Unlocking Bitcoin Liquidity: Bringing dormant Bitcoin assets into the DeFi space and injecting liquidity into the exSat platform.

Expanding Bitcoin application scenarios: Utilizing exSat as a bridge to open up broader application scenarios for Bitcoin.

Enhancing Bitcoin User Experience: Leveraging exSat's efficiency, providing Bitcoin users with more convenient, fast, and cost-effective transaction and wealth management services, promoting the popularization and utility of Bitcoin.

Empowering Innovation and Expanding the exSat Mainnet Ecosystem

MatrixPort will focus on driving the vigorous development of innovative dApp applications and services on the exSat platform, co-creating a more open, diverse and prosperous Bitcoin ecosystem.

Key areas of focus include:

BTCFi On-Chain Applications: Supporting the development of nBTC staking, trading, and lending applications on the exSat chain, offering users more diverse financial services and investment options while enhancing on-chain asset liquidity.

Real World Assets (RWA): Facilitating the tokenization of real-world assets, such as renewable energy assets, on the exSat platform, combining Bitcoin digital assets with RWAs to unlock new liquidity and value.

Cross-Chain Interoperability: Connecting exSat with the BTC ecosystem, and promoting a wider distribution of value.

This strategic collaboration will offer ecosystem developers comprehensive support, including technical guidance, marketing, and more, helping turn their innovative ideas into reality and promoting the prosperity of the exSat ecosystem. Together, MatrixPort and exSat will create more value for Bitcoin ecosystem participants, realizing the preservation and appreciation of digital assets, and ensuring sustainable, decentralized, and secure growth for Bitcoin.

Building a Secure Bitcoin Ecosystem to Protect User Assets

MatrixPort and exSat recognize that security is the cornerstone of Bitcoin ecosystem development. They will collaborate strategically to build an unbreakable on-chain security defence, safeguarding user assets.

The partnership will integrate MatrixPort's extensive security experience and exSat’s leading blockchain technology to enhance security in multiple areas:

Multi-signature Technology Application: The two parties will jointly explore and apply more decentralized multi-signature technology to provide users with safer asset management solutions and ensure the safety of user assets.

Security Specification Formulation: The two parties will jointly formulate and promote BTC asset security specifications and risk control systems, improve the security awareness and prevention capabilities of the entire ecosystem, and jointly maintain the security of users' assets.

Security Monitoring Cooperation: exSat will use Matrixport's rich security experience and resources to conduct comprehensive security risk monitoring of BTC assets issued on the exSat platform, identify potential risks and control risks in time, and ensure that the platform's security meets the highest industry standards.

MatrixPort and exSat firmly believe that a secure and reliable Bitcoin ecosystem is essential for users to participate confidently and enjoy the value and opportunities brought by Bitcoin. Together, they will continuously improve security measures, safeguard user assets, and promote the healthy growth of the Bitcoin ecosystem.

About exSat

exSat is dedicated to addressing the scalability and interoperability challenges of Bitcoin. 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.

Disclaimer. This is a paid press release.

Singapore, Singapore, September 18th, 2024, Chainwire

cheqd and Dock have announced an alliance to accelerate adoption of Decentralised Identity (DID) solutions, migrating Dock Certs and its clientbase across to the cheqd network. cheqd and Dock will remain independent entities while the $DOCK tokens will be merged into $CHEQ, aligning to accelerate digital identity worldwide. 

Dock specialises in helping Identity Solutions Providers, including KYC, background check, and biometrics companies, launch ID ecosystems where their partners can create, share, and monetise verifiable digital credentials By creating an ID ecosystem, companies accelerate customer onboarding, boost transaction speeds, and enhance overall business efficiency. Dock offers a complete solution with a robust API, an intuitive web app, and secure ID wallet infrastructure. More than 600 companies have created accounts on Dock Certs, their Decentralised ID platform.

Meanwhile, cheqd has developed enterprise-ready trust and commercial infrastructure, enabling organisations to build end-to-end credential ecosystems and trusted data markets. Individuals can own, control, and monetise their data in a portable privacy-preserving manner. Over 80,000 addresses have been created on its mainnet while more than 200 organisations have established themselves. cheqd addresses the technical and commercial challenges that have impeded the growth of digital credentials. Its focus on privacy-preserving credential payments, ease of integration, regulatory compliance, and interoperability creates a robust infrastructure that can scale across industries.

The integration of cheqd and Dock’s established ecosystems will forge a powerful network of over 100,000 community members and hundreds of active partners. By combining cheqd’s trusted payment infrastructure with Dock’s versatile SaaS platform, this collaboration will deliver a scalable, cutting-edge solution suited to both traditional and Web3 industries such as finance, identity solution providers, government services, and more.

The partnership between the two decentralised ID specialists will see Dock’s mainnet and testnet traffic migrate to the cheqd network. In addition, the $DOCK token will be converted into $CHEQ tokens to provide a single asset for powering the single decentralised network.

“Dock and cheqd partnering establishes the most feature-complete software stack for decentralised ID (DID) encapsulating no-code management and privacy preserving payments for verifiable credential. This alliance is a clear signal that cheqd is the home for DID with Dock and their clients joining our ecosystem of partners and clients, as well as the merging of two communities who firmly believe in the vision of DID.” said Fraser Edwards, Co-founder and CEO at cheqd.

"This exciting partnership enables Dock to focus on new and innovative features for our clients delivered through our issuance and verification platform, Certs, while relying on cheqd’s cutting edge network for the blockchain related elements. This alliance enables both organisations to demonstrate their core capabilities, providing best in class solutions to our rapidly growing customer bases" said Nick Lambert, Co-founder and CEO of Dock Labs.

In the next five years, the decentralised identity market is projected to experience a CAGR of over 90%, transforming it into a multi-billion dollar industry. The enforcement of eIDAS regulations concerning the verification of individuals, businesses, and electronic documents creates an opportunity for decentralised solutions that can satisfy the needs of regulators and enterprises alike.

The joint network developed by cheqd and Dock will support a vast number of Decentralised Identifiers (DIDs) and include multi-SDK integration and open-source tooling including DIF Registrar & resolver, Credo, Veramo, Walt.id, and Vidos (Mailchain), enabling broad application development and integration opportunities. The duo’s commitment to compliance including the EU Digital Identity Framework and eIDAS 2.0 will be maintained.

cheqd is led by an experienced team including Co-Founder and CEO Fraser Edwards who has deep consortium and self-sovereign identity knowledge through leading the Known Traveller Digital Identity project with the World Economic Forum which included the Dutch and Canadian governments among its stakeholders. He holds patents in cross-ledger payments, and architected the payments on the Jasper-Ubin project with the Singaporean and Canadian Central banks. CTO and fellow Co-Founder Ankur Banerjee’s expertise spans distributed tech architecture, digital identity, and biometrics. He co-chairs the Technical Steering Committee at the decentralied Identity Foundation and is a co-inventor on multiple patents in blockchain and cloud AI. Javed Khattak, a fellow Co-founder and CFO, brings a wealth of financial, strategic and technical expertise. His background includes leading multi-billion-dollar funds and advising governments, central banks, and global brands.

Dock CEO Nick Lambert’s extensive experience in the blockchain space is complemented by COO Elina Cadouri, who previously founded and led Outsource.com, which grew to several million dollars in annual revenue, as well as one of the fastest-growing remote work platforms in the world, Remote.com. Dock’s Head of Product, Richard Esplin, has dedicated his career to open source and digital identity development and has extensive experience of consulting with government agencies and large enterprises on procurement, solution design, and process automation.

Since their inception, both organisations have developed a sizable client space within the digital ID and verification sector. cheqd has strategic partnerships, including DanubeTech, Finclusive and Northern Block globally across industries and use cases such as reusable KYC. Dock serves some of the largest ID companies in the world and will continue to drive the real-world adoption of the cheqd blockchain through its comprehensive offerings. Dock’s customers include Aliva, University of Arkansas at Little Rock, Classter, Gravity, BurstIQ and several other major ID verification companies with many more to come. cheqd and Dock’s respective client base forms a valuable asset that will be brought to bear in their goal of mainstreaming identity management using DIDs.

The alliance between cheqd and Dock will give builders and end users access to the latest products from cheqd and Dock respectively including the former’s imminent MiCA compliant stablecoin and fee abstraction technology, plus Dock’s forthcoming offering of mobile drivers’ licences (mDLs) and cloud wallet. Both companies are enabling compliance with the EU Digital Identity Framework and eIDAS 2.0, and are working to incorporate additional regulatory frameworks.

About cheqd

cheqd is the trust and payment infrastructure to enable the creation of Self-Sovereign identity (SSI), eID, digital credential businesses, and ecosystems. It provides privacy-preserving payments for credentials, bespoke network offerings, and support for multiple credential formats to underpin identity frameworks such as eIDAS 2.0 in Europe, and beyond. Its industry-leading Trust Registries allow ecosystems to gate and govern themselves through Trusted Issuer or Verifier lists, creating permissioned, permeable, or permissionless trusted data ecosystems as desired.

Website: https://cheqd.io/

Twitter: https://x.com/cheqd_io

Telegram: https://t.me/cheqd

Discord: https://discord.gg/yuSCqDEVNh

About Dock

Dock is a leader in decentralised identity solutions, empowering businesses to launch ID ecosystems where their partners can create, share, and monetize verifiable digital credentials. By creating an ID ecosystem, companies accelerate customer onboarding, boost transaction speeds, and enhance overall business efficiency. Dock offers a complete solution with a robust API, an intuitive web app, and secure ID wallet infrastructure, delivering everything needed for decentralised identity management.

Website: https://www.dock.io/

Linkedin: https://www.linkedirkn.com/company/docknetwork/

Twitter: https://x.com/docknetwo

Telegram: https://t.me/dockio

Disclaimer. This is a paid press release.

Stockholm, Sweden, September 18th, 2024, Chainwire

Initiatives unveiled at TOKEN2049 Singapore are part of Chromia’s strategy to expand into data-centric fields and spur ecosystem growth following its mainnet launch.

Chromia, a Layer-1 relational blockchain, has announced a series of initiatives aimed at expanding its ecosystem in 2024 and 2025. These announcements, made at TOKEN2049 Singapore, include the launch of a $20M Data and AI Ecosystem Fund and the upcoming ‘Asgard’ Mainnet Upgrade.

The fund is aimed at supporting data-intensive projects and AI-enabled applications. The initiative will be led by Yeou Jie, Chromia’s Head of Business Development, who joined the company in early 2024 after previously serving as Head of Portfolio at DeFiance Capital.

“We believe that any project dealing with significant amounts of data needs data cleaning and automation, leading to the implementation of AI. Chromia is the ideal environment for developers to build solutions that can process, analyze, and react to complex datasets in real time,” said Jie.

“By supporting AI and other data-centric solutions, we're positioning Chromia for broader partnerships and expanding the ecosystem in fresh directions”, added Chromia co-founder Henrik Hjelte.

In addition to the fund, Chromia announced the ‘Asgard’ Mainnet Upgrade, which is scheduled for Q4 2024. This upgrade will introduce “Extensions”—customized chains designed to bring new functionalities to the platform. These extensions will be usable by both native Chromia dapps and external clients, broadening the platform’s capabilities. Proposed Extensions include an oracle solution, computation for AI models, and support for data availability and zero-knowledge proofs.

Chromia launched its mainnet earlier this year and uses an on-chain relational database architecture designed to manage large volumes of interconnected data and improve on-chain querying. This architecture allows Chromia to function as both a standalone decentralized application platform and a relational data layer for Web3 projects built on other blockchains. In addition to supporting gaming projects such as My Neighbor Alice and Mines of Dalarnia, Chromia is expanding into data-centric fields while continuing its development in gaming and other industries.

The Data and AI Ecosystem Fund will begin accepting applications immediately, and the ‘Asgard’ mainnet upgrade is expected to go live by the end of the year. Extensions will be developed incrementally, with a full rollout planned through 2025.

Disclaimer. This is a paid press release.

Singapore, Singapore, September 18th, 2024, Chainwire

Parachains and developers can register now to test NFT XCM functionality and get an exclusive first look at this innovation in action.

Unique Network has announced it will be launching the first developer environment for NFT XCM transfers (Cross-Chain NFTs), starting with two major networks for developers and parachains in the Polkadot ecosystem. Using NFT XCM’s technology at the start of the developer environment, blockchain developers can move NFTs between Asset Hub, and Unique Network. Interested parachains can be added to the developer environment to develop NFT XCM functionality.

What is NFT XCM?

NFT XCM is a groundbreaking initiative developed by Unique Network, designed to simplify the transfer of NFTs (Non-Fungible Tokens) across parachains. By enabling seamless movement between different chains, NFT XCM is not just expanding accessibility but also unlocking new possibilities for creators, developers, and users alike.

NFT XCM extends the limits of Web3 games and NFT collections, supporting greater use cases and making non-fungible tokens available to a larger group of on-chain users. Unique Network invites parachains, and developers to register their interest in the upcoming testing phase of NFT XCM transfers, to demonstrate its efficacy and explore applications for the technology.

NFT XCM utilizes Polkadot’s Cross-Chain Messaging, the messaging format and language used to communicate between consensus systems. 

Developers and parachains interested in testing NFT XCM transfers are encouraged to register their interest via this form. Polkadot parachains will be added to the developer environment to develop and test NFT XCM functionality. EVM teams interested in pioneering EVM implementations of the technology in a development/test environment are also invited to register their interest.

Following the development work of NFT XCM, the Unique Network team unveiled the Cross-Chain NFTs Think Tank earlier this year at Polkadot’s Sub0 conference. This initiative is designed to foster collaboration, drive innovation, and explore new use cases for Cross-Chain NFTs within the Polkadot ecosystem. Leading projects, such as Acala Network and Zeitgeist, are already exploring ways to integrate Cross-Chain NFTs into their own projects.

Alexander Mitrovich, CEO of Unique Network shared:

This milestone represents not just technical progress but the unification of an ecosystem. NFTs are no longer confined to one parachain; we’re building a future where they can flow freely across multiple chains."

The importance of cross-chain interoperability for assets such as NFTs was first highlighted in the Polkadot Whitepaper by Polkadot creator, Gavin Wood. The launch of XCM v3 in May of 2022 introduced this capability but was only viable for Fungible Tokens (FTs). NFT XCM is a breakthrough that will enable users to seamlessly transfer digital assets between Polkadot parachains, making NFTs more accessible and versatile than ever.

Following this, Chief Marketing Officer at Unique Network, Charu Sethi discussed the company's efforts to foster collaboration and streamline the NFT ecosystem across Polkadot’s various blockchain networks.

As we advance NFT XCM technical capabilities, it's critical to address the complexity and fragmentation within the ecosystem. We are now working on organizational bridges and aligning leadership across all NFT blockchains in Polkadot.

About Unique Network

Unique Network is the first NFT chain built on Polkadot and Kusama, offering the most sustainable and green NFTs with advanced features for gaming, art, and fan engagement. 

Unique Network offers unparalleled customization, scalability, and interoperability, making it the ideal platform for advanced and innovative NFT applications.

Users can learn more here: https://unique.network

Disclaimer. This is a paid press release.

Amsterdam, Netherlands, September 18th, 2024, Chainwire

Token 2049 Attendees Can Collect DOTphin Proof of Presence Digital Avatars and Contribute to Real-World Environmental Impact

 Sovereign Nature Initiative (SNI) has joined forces with Unique Network and WalletConnect to launch DOTphin, an innovative Polkadot NFT project for attendees of Token 2049 in Singapore. Attendees are invited to visit the Polkadot booth (Booth #P34 and 42, located on level 5 of the Marina Bay Sands Convention Center) and collect their Proof of Presence (PoP) and begin their journey with DOTphin avatars which evolve through user interaction and contribute to real-world marine conservation efforts.

By participating in the DOTphin experience, Token 2049 attendees can collect a PoP, unlocking stages in the avatar’s evolution, which is influenced by ecological data from SNI’s marine conservation partner, Aquasearch. This innovative fusion of blockchain and ecological impact empowers users to play a role in preserving marine life while engaging with cutting-edge technology.

Catherine Bischoff, CEO of SNI shared, "Our goal at Sovereign Nature Initiative is to rethink the economics of biodiversity conservation and restoration. Through DOTphin, we have pioneered a groundbreaking approach to merge community engagement and the protection of our natural world by connecting digital collectibles with living entities. We add meaning to virtual realms by distributing dynamic assets that are verifiably making real world impact."

To claim PoPs or other Proofs, users can visit the SNI Website or scan QR codes encountered at events. This will direct attendees to the claim process, which involves logging into an account. For those without an account, it can be created easily using an email address, social profiles, or digital wallets. The process is designed for simplicity and efficiency, making it easy to manage and claim Proofs.

Once PoPs are collected, the next step is evolving the DOTphin. This can be done by visiting the REAL Evolution page on the REAL portal. The same sign-in credentials used to claim Proofs are required to connect the account. The evolution process begins with the acquisition of the primordial “orbo”, which acts as the starting point; once hatched, it marks the commencement of the DOTphin’s evolution.

To evolve the DOTphin, other collected PoPs and Proofs are utilized. On the REAL Evolution page, select the evolve option, choose the Proofs to be applied, and the DOTphin will develop accordingly. Each Proof influences the characteristics of the DOTphin, making it a personalized representation of individual engagement and achievements. The selected Proofs will shape the DOTphin’s evolution, creating a unique avatar.

The DOTphin avatar aesthetic is heavily influenced by the artistic style seen in Japanese anime. This design decision creates a significant and relatable connection between the general audience and the digital companion and promotes the idea of caring for an object as it evolves over time. The acclaimed designer behind the art is Daria Smakhtina, from Ephemera One.

About Sovereign Nature Initiative

Sovereign Nature Initiative (SNI) is a non-profit organization dedicated to rethinking the economics of biodiversity conservation and restoration. Leveraging cutting-edge technologies, SNI creates innovative solutions that connect digital assets with real-world ecological impact. Through its proprietary tech stack—DEEP Protocol and the REAL Portal—SNI integrates live ecological data into digital collectibles, ensuring a sustainable funding channel for biodiversity efforts. The DEEP protocol gathers data from biodiversity stewards, while the REAL Portal continuously verifies commitments, linking users to tangible proof of their environmental contributions. SNI’s work, including pioneering projects like DOTphin, fosters community engagement and creates a new form of digital accountability for conservation.

About Polkadot

Polkadot is the powerful, secure core of Web3, providing a shared foundation that unites some of the world’s most transformative apps and blockchains. Polkadot offers advanced modular architecture that allows devs to easily design and build their own specialized blockchain projects, pooled security that ensures the same high standard for secure block production across all connected chains and apps connected to it, and robust governance that ensures a transparent system where everyone has say in shaping the blockchain ecosystem for growth and sustainability. With Polkadot, users are not just participants, they're co-creators with the power to shape its future.

Disclaimer. This is a paid press release.

Singapore, Singapore, September 18th, 2024, Chainwire

New global crypto exchange offers competitive leverage and yield-earning cash sweeps, offering users up to 8% on cash and stablecoin balances.

Figure Markets, a leading decentralized custody marketplace for digital assets, today unveiled its global crypto exchange based out of the Cayman Islands, offering a wide array of new features and yield-earning opportunities. One of the standout offerings is a new yield sweep for eligible global users on cash and stablecoin balances with rates up to 8% annualized. U.S. users may also benefit from earning up to 3% annualized on USD balances held at an FDIC-insured bank.

Following its U.S. launch in August, the launch of the Cayman-licensed global crypto exchange is part of Figure Markets’ ongoing mission to democratize finance by providing robust trading options and advanced financial products to users worldwide. The global platform is designed to enhance the trading experience by offering a high cash leverage and a decentralized custody solution and cross-collateralization that keeps users in control of their assets, reducing the risks associated with traditional centralized exchanges.

“We’re committed to righting the wrongs of the past and providing users with the tools they need to trade, borrow, and invest on the platform while minimizing exchange risk,” said Mike Cagney, CEO and Co-Founder of Figure Markets. “This global expansion is a major milestone for us in addressing the issues caused by centralized exchanges and leveling the playing field for all traders. We are building a financial ecosystem where everyone has the opportunity to be an owner.”

Cash yields on non-USD and stablecoin balances are derived from an innovative fund backed by real-world assets on blockchain. The fund operates with daily liquidity and automatic sweeps to ensure user funds are always working to generate returns.

“We are excited to introduce this innovative feature that directly addresses the needs of our members,” said June Ou, President of Figure Markets. “By offering the ability to earn high returns on idle cash while mitigating trading friction, we are empowering our traders to optimize their capital and enhance their overall trading experience.”

Along with the new yield offering, the exchange is also offering qualified members up to 5:1 margin. Exchange members can cross-collateralize their positions seamlessly - using BTC balances to buy ETH, for example. This will be complemented by upcoming higher and expanded leverage offerings, including a broad set of perpetuals covering crypto, commodities, FX and equities by year-end.

About Figure Markets

Figure Markets is democratizing finance through blockchain. Figure Markets is building the exchange for everything - a decentralized custody marketplace for crypto, stocks, bonds, credit and more. The company is bringing best-in-class leverage, margining, and liquidity to our exchange, while offering our members extensive borrowing options and unique investment opportunities. Figure Markets puts its members in control of their assets and data, disintermediating legacy brokers, exchanges and lenders.

Figure Markets is backed by leading venture capital firms and strategic partners, including Jump Crypto, Pantera, Distributed Global, Faction Lightspeed, NewForm Capital and CMT Digital. Figure Markets was founded by a seasoned team of entrepreneurs and operators from TradFi, fintech, and DeFi, including Mike Cagney and June Ou.

Learn more at www.figuremarkets.com.

Contact information

Paula Machado Jackler

Director, Marketing

Figure Markets

press@figuremarkets.com 

Disclaimer. This is a paid press release.

Marina Bay Sands, Singapore, September 18th, 2024, Chainwire

Today, the Mythos Foundation and FSL have announced a collaborative partnership centered around web3 gaming and esports projects.

FSL, the creator of the viral web3 lifestyle apps STEPN and STEPN GO, has plans to integrate Mythos Chain onto its wallet FSL ID and its NFT marketplace MOOAR, and collaborate with Mythical on co-branded interoperable assets to connect the Mythos and FSL communities, to unlock enhanced experiences for users. Such an initiative aimed at decentralizing and promoting Web3 gaming and esports projects, as a partner company, with plans to further strengthen the relationship between Mythos Foundation and FSL.

The collaboration will begin with future co-branded opportunities between their games, starting with an exciting teaser for a high-performance supercar sneaker featuring a unique Nitro Nation World Tour-inspired design. This striking sneaker, which integrates NNWT's distinctive aesthetic, will debut in STEPN, with future releases featuring similar design elements directly in NNWT.

Mable Jiang, CRO of FSL said: “We’re looking forward to collaborating with the team on our application that will bridge the web2 lifestyle with web3 experience.” We’ve been great admirers of Mythical Games, who have pioneered something rare with NFL Rivals in developing a crossover game that has onboarded millions to web3.  

“We’re excited for FSL and Mythos Foundation to work together to deliver our shared vision of the future for web3 gaming and interactive entertainment,” said Mythical Games CEO John Linden. Their pioneering work on STEPN GO and Gas Hero is incredibly innovative. I’m confident that together, we can create something special to showcase the Mythos Foundation's continued evolution and advance web3 gaming. We see a huge opportunity to bring our communities together and push new standards and innovation in cross-chain web3 gaming.” 

About the Mythos Foundation

The Mythos Foundation supports the Mythos DAO (decentralized autonomous organization), created to simplify, standardize, and accelerate decentralized economies within traditional and web3 games and metaverse ecosystems. The Foundation aims to democratize game economies and allow gamers, publishers, and developers to participate in a decentralized game ecosystem. Supported by ecosystem partners across the game development, publishing, esports, and web3 industries, the Foundation is grounded in the support of multi-chain ecosystems, unified marketplaces, decentralized financial systems, decentralized governance mechanisms, and multi-token economies. For more information, visit mythos.foundation.

About FSL

FSL is a web3 product development studio that specializes in creating highly playable social games. Its team has released a string of successful web3 games and applications including STEPN GO, an outdoor lifestyle app designed to encourage people to move. By combining GameFi and SoFi, FSL is accelerating web3 adoption through focusing on consumer apps that incorporate blockchain technology with web2 onboarding.

Learn more: https://fsl.com/

Disclaimer. This is a paid press release.

New York, USA, September 17th, 2024, Chainwire

Ponke, a cryptocurrency on the Solana blockchain, has reached a major milestone with its inclusion on Revolut, Europe’s leading neobank known for its innovative financial offerings. With over 45 million users across more than 160 countries, this strategic listing dramatically enhances Ponke’s global visibility, enabling seamless trading with major fiat currencies like the British Pound, Euro, and US Dollar.

The addition of Ponke to Revolut’s cryptocurrency portfolio places it alongside top-tier meme coins like Dogecoin, Shiba Inu, and Pepe, positioning it within a collection that offers investors a unique way to engage with the leading names in the meme coin space, while also providing the opportunity to participate in Ponke’s rapid growth. Revolut’s extensive consumer network provides Ponke a unique opportunity to connect with a diverse audience of everyday investors, further driving its mainstream adoption.

This momentum complements Ponke’s sustained growth across social media platforms like Instagram and TikTok, where its engaging content reaches millions. With over 400,000 followers on Instagram alone, Ponke’s community engagement and influence continue to expand rapidly.

Later this month, Ponke will introduce PonkeSwap, offering new tools for trading and interacting within the Ponke and Solana ecosystems.

About Ponke:

Ponke is a cryptocurrency available on the Solana blockchain, focused on expanding accessibility to decentralized finance for global users. With a community-first approach, Ponke is shaping the future of crypto and contributing to global financial inclusivity.

For media inquiries, please contact:

info@ponke.xyz

PONKE SOCIAL LINKS

WEBSITE: https://www.ponke.xyz/

INSTAGRAM: @PONKESOLANA

TWITTER: @PONKESOL

TELEGRAM: PONKE PORTAL

Disclaimer:

This press release is for informational purposes only and should not be construed as financial advice. Cryptocurrency investments carry inherent risks, and investors should conduct their own research and consult with financial advisors before making any investment decisions.

Disclaimer. This is a paid press release.

Lisbon, Portugal, September 17th, 2024, Chainwire

Limitless Labs, the R&D network behind prediction market Limitless, has announced the successful closure of a pre-seed round. A total of $3M was raised in a round led by prominent venture capital firm 1confirmation.

1confirmation has deep expertise in prediction markets and backing from tech veterans such as Peter Thiel, Marc Andreessen, and Mark Cuban. Other notable investors such as Paper Ventures, Colliderand Public Works also participated in the round.

The completion of the pre-seed raise arrives at a time when Limitless’ prediction market platform has been experiencing rapid growth. Volume has increased by 800% in the past week and the market is now processing more than $200k in daily transactions. Around 50% of monthly active traders on Limitless interact with the platform every day.

Funding from the 1confirmation-led round will be used to accelerate the development of the Limitless platform and to launch new products and features including a novel decentralized social network. This will enable users to create and participate in their own prediction markets and grow their reputation.

Commenting on the pre-seed round, 1confirmation Founder and General Partner Nick Tomaino said: “I believe prediction markets will see trillions of volume in coming years and love what Limitless is doing on Base.”

Prediction markets are experiencing a breakout year, with hundreds of millions of dollars being traded on the outcome of the US Presidential Election. Limitless has also seen significant demand for its daily crypto and stocks markets which operate in a similar manner to 0DTE (zero days to expiry) options in traditional finance.

The Limitless community has also enjoyed aggressively trading markets centered around such topics as Telegram founder Pavel Durov’s arrest and the future of X in Brazil. Because these markets resolve on much shorter time horizons than typical prediction markets, they have proven attractive to users who don’t have to lock up capital for an extended period.

Limitless operates at the intersection of prediction markets and SocialFi – social apps that enable creators to monetize their audience in novel ways. On Limitless, users can create their own markets and earn trading fees, which is expected to trigger an explosion of popular new market categories. 

About Limitless Labs

Limitless Labs was founded in December 2023 by CJ Hetherington, Roman Mogylnyi, Dima Horshkov and Rev Miller. The company operates as an R&D network that focuses on developing prediction markets, blockchain & AI applications. 

Disclaimer. This is a paid press release.

London, United States, September 17th, 2024, Chainwire

PlaysOut, a leading innovator in building advanced mini-program ecosystems within global super apps for web2 and web3, has announced a strategic partnership with MovePosition, a high-fidelity DeFi protocol recently launched on the Movement Labs testnet, known for its capital efficiency and risk management. The partnership will integrate decentralized finance into PlaysOut's expanding mini-game platform, and marks a significant step in PlaysOut's mission to reshape global user interaction and gaming experiences.

PlaysOut's platform, which enables super apps and giant web2-facing platforms like telecom companies to deliver rich user engagement through mini-games, will now be enhanced by MovePosition’s cutting-edge DeFi capabilities. By incorporating MovePosition's capital-efficient financial products, built on the modular and scalable Concordia risk management architecture, PlaysOut aims to offer users seamless access to decentralized financial services directly within the mini-games on its platform. 

This collaboration is timely as PlaysOut continues its expansion into the blockchain space, backed by recent investments from Aptos and the OKX fund. Moveposition is part of the Superposition ecosystem, which has industry leading risk management infrastructure live on mainnet on Aptos, with devnets on Solana and EVM. The integration with MovePosition will support PlaysOut’s transition to a multi-chain strategy, enhancing the platform's scalability and reach across various blockchain networks. 

"At PlaysOut, our focus has always been on creating immersive and engaging experiences for users globally. This partnership with MovePosition allows us to take a bold step forward by integrating DeFi into our mini-game ecosystem, providing users with unprecedented financial flexibility and security," said Jassem Osseiran, Co-founder of PlaysOut. "With this move, we’re not just differentiating ourselves from typical web3 gaming but also empowering super apps and web2 platforms to deliver next-generation experiences."

MovePosition’s advanced DeFi solutions offer PlaysOut a robust financial backbone, enabling a new level of capital efficiency and risk management within the gaming sector. This partnership is part of MovePosition's broader strategy to embed its products in promising platforms, ensuring that its technology serves practical and innovative use cases beyond traditional DeFi environments.

"We are thrilled to partner with PlaysOut and bring our expertise in DeFi to their innovative platform," said Alex Hoffman, Head of Ecosystem at MovePosition. "This collaboration allows us to demonstrate the power and flexibility of our financial products, positioning MovePosition as a key player in the evolution of decentralized finance within the gaming industry."

Looking forward, this partnership opens the door for potential collaborations between PlaysOut and both Superposition and MovePosition, further strengthening the ecosystem and providing users with unparalleled opportunities to engage in DeFi within their favorite mini-games. By differentiating from competitors like Echelon, PlaysOut and MovePosition are set to lead the charge in embedding DeFi into everyday digital interactions, particularly within large user bases that prioritize play-for-fun experiences.

About PlaysOut

PlaysOut is a global platform for mini-programs, aligned with the Weixin Mini-Program framework. It offers SDK interfaces for super apps, simplifying integration for developers and providing access to a rich array of mini-game content. Leveraging strong technical capabilities and collaborations with game developers, PlaysOut aims to become the largest publisher of mini-games in the Web3 space. PlaysOut leads in integrating Web3 technologies, including NFTs and DeFi, into its ecosystem. This provides transparent, secure, and user-owned content, enhancing gaming experiences and creating new opportunities in social networking, entertainment, and payments. By simplifying and securing Web3, PlaysOut removes the intimidation that retail users often experience in gaming.

About MovePosition

A new generation of highly performative, optimally parallelized blockchains has emerged to revolutionize on-chain execution speed. Moveposition, incubated by Superposition, is built on top of this infrastructure using adaptive risk management to offer precise, reliable, and detailed solutions, paving the way for High Fidelity DeFi. Moveposition solves the DeFi bottleneck of inadequate collateral risk management, heightened security risks, and insufficient borrower empowerment. By analyzing real-time market volatility of collateral portfolios and incorporating on-chain behavior, Moveposition offers maximized capital efficiency for the ecosystem and precise personalized borrowing rates to users.

Disclaimer. This is a paid press release.

Singapore, Singapore, September 17th, 2024, Chainwire

Announcement marks the first blockchain based on the Move programming language to support these protocols

Sui, the Layer 1 blockchain offering industry-leading performance and infinite horizontal scaling, has announced the upcoming native launches of USDC and Cross-Chain Transfer Protocol (CCTP) on the Sui Network. Issued through Circle’s regulated entities, USDC is the largest regulated dollar-backed stablecoin in the industry with over a $35 billion market cap, as of September 17, 2024. 

CCTP is a permissionless on-chain utility that attests to USDC transfers securely between blockchains and aims to provide a more secure and capital-efficient way to transact with USDC across supported blockchains.

Integrating native USDC and CCTP enhances Sui’s utility, security and interoperability for users and developers, with the intent of bringing more liquidity to the network, streamlining transactions, and improving market efficiency across the ecosystem. Builders on Sui will soon be able to use native USDC in a multitude of digital dollar-backed financial products across a variety of use cases including DeFi, gaming, DePIN and ecommerce. Users can seamlessly send, spend and save with digital dollars. 

Additionally, Sui’s thriving DeFi environment, according to DeFi Llama on September 17th, boasts almost $700 million in Total Value Locked (TVL), over $250 million in bridged USDC, and a top 10 ranking in weekly DEX trading volume, provides a key foundation for USDC to continue to scale.

“Circle is excited to support Sui’s community of developers and end users with the upcoming availability of native USDC and CCTP,” said Nikhil Chandhok, Chief Product Officer at Circle. “Circle’s open platform and permissionless protocols will help more builders deliver blockchain based utility and contribute to efficient payment experiences on Sui and across other ecosystems.”

Sui will collaborate with ecosystem apps to transition liquidity from bridged USDC to native USDC gradually, while Wormhole’s Portal bridge will continue operating as usual. Before native USDC launches, the Ethereum-bridged USDC will be renamed "wUSDC" on block explorers, and ecosystem apps will be encouraged to update their UI and documentation accordingly.

“The availability of USDC as a native asset on Sui marks yet another major milestone in the maturation of the Sui ecosystem,” said Adeniyi Abiodun, Co-Founder and Chief Product Officer of Mysten Labs, which developed the Sui Network. “In combination with USDC’s first-class technology, native USDC gives the Sui community seamless access to one of the world’s most trusted digital currencies and cements Sui as an industry leader.” 

Just a little over a year since its mainnet launch, the integration of one of the industry’s bedrock assets further underscores the Sui ecosystem's rapid evolution into an industry leader. The presence of multiple native stablecoins on Sui fuels a diverse, secure, and scalable platform for building the future of intelligent assets.

Disclaimer. This is a paid press release.

New York, United States, September 17th, 2024, Chainwire

Web3 liquidity layer Orderly Network has announced a bounty program hosted with Google Cloud and Empyreal. The campaign will reward developers building AI agents to trade autonomously on Orderly. 

A step forward in uniting the powers of AI and DeFi, the bounty program will support Orderly’s goal of developing the first onchain derivatives platform capable of supporting AI agents. The creation of these agents by independent developers will enable automated transactions that use the latest advancements in AI and web3 technology.

Full details of the bounty program will be released at TOKEN2049 in Singapore on September 18-19. The program will commence immediately afterward and is expected to run for several weeks. During this time, developers who enroll in the program and successfully create and deploy AI agents on Orderly will be eligible to receive a share of the prize pool. Each agent will be evaluated on participation across two categories - highest profitability and most innovative predictor - and if they meet the requirements, they can qualify for prizes in both.

AI agents developed for use on Orderly are expected to be geared towards sophisticated traders initially and for developers seeking to create advanced trading applications. Orderly will subsequently support the development of AI agents that can be used by intermediate traders who will be able to participate in derivatives trading with no coding knowledge required.

Orderly Network uses Google Cloud technology to underpin its user-centric developer tools designed to lower the barriers to entry in DeFi space. Orderly Network’s efforts focus on developing off-chain components of DeFi infrastructure, addressing critical challenges related to self-custody and transparency.

The AI bounty program is the next step in this collaboration. Leveraging Google Cloud’s understanding of the Web3 sector and advanced AI technologies, the initiative aims to onboard Web2 developers to participate in the campaign, with the transition to Web3 development being made easy by campaign partner Empyreal, who is providing their SDK. 

Arjun Arora, Orderly Network COO said: “It’s been a year since Orderly Network and Google Cloud began the collaboration, focused on driving the mainstream adoption of DeFi. Looking ahead, we believe that AI innovation will be pivotal in revolutionizing on-chain trading. Orderly’s bounty program empowers AI developers to create groundbreaking tools that will redefine the on-chain experience. This initiative invites both Web2 and Web3 developers to build autonomous agents utilizing diverse data sources, bridging the gap between today’s potential and the future of DeFi.”

“Our work with Orderly builds on our mission to empower Web3 developers with secure and scalable cloud and AI technology to scale their applications”, Rishi Ramchandani, Head of Web3 APAC, Google Cloud. “We look forward to welcoming more developers to build AI agents using our technology.”  ” 

Johnny, Founder and Lead Developer, Empyreal: “We’re excited for our SDK to be featured in this campaign with Orderly and Google Cloud. This will allow our trading kits to fuel new bots and AI agents, giving developers and traders a simpler process for deploying effective agents. Orderly is the ideal location for our SDK to be used for building the future of AI trading.” 

AI agents are gaining traction within the crypto space but the technology is still in its infancy. Such agents specialize in automating tasks and interacting with multiple data sources, allowing traders to make more informed decisions. They have particular potential in the field of perps trading, where multiple data sources must be queried in order to make optimal decisions based on rapidly changing market conditions.

In addition to derivatives markets, AI agents have potential within such crypto sectors as prediction markets, staking, gaming, and DeFi. AI agents can retrieve data from on and offchain sources and use this information to execute transactions for payments, trading, cross-chain transfers, and much more.

The collaborative bounty program will incentivize developers to demonstrate their creativity and will pave the way for further innovations that empower traders to make smarter decisions while reducing information overload. In the process, they will form the backbone of an advanced derivatives trading framework on Orderly’s scalable web3 network and unlock new use cases that leverage the power of AI.

–

Orderly Network is a cloud liquidity infrastructure designed to revolutionize web3 trading. Built on omnichain architecture, Orderly enables deep liquidity for any asset across multiple blockchains. Focused on a future of DeFi that’s open to all, Orderly empowers traders and developers alike.

Learn more at orderly.network

Disclaimer. This is a paid press release.

New York, NY, September 17th, 2024, Chainwire

tBTC on EigenLayer offers users new restaking opportunities to earn rewards as Bitcoin demand outpaces other crypto markets 

EigenLayer’s adoption of tBTC spotlights tBTC’s role as one of the most decentralized assets for securely growing the BitcoinFi ecosystem 

Threshold Network, the DAO behind tBTC, the first decentralized asset bridging Bitcoin and Ethereum, announced that EigenLayer, the restaking protocol built by Eigen Labs, has officially started accepting tBTC deposits, making tBTC the first incentivized bitcoin asset on EigenLayer.

Threshold’s integration with EigenLayer underscores the BitcoinFi community’s outpaced demand for staked Bitcoin—a major shift towards maximizing the full earning power of Bitcoin for users,” commented MacLane Wilkison, Contributor to Threshold. “It is a testament to tBTC’s strength in securing the BitcoinFi ecosystem through the diversification of assets available. To date, leading protocols including Curve, GMX, and Compound, among others, have integrated the asset for its flexibility as one of most decentralized wrapped assets on the market.” 

The Threshold Network DAO, which governs tBTC, offers incentives of up to $45K in T over the first 3 months for new users who deposit tBTC into EigenLayer. With Eigenlayer, users have a new way to maximize capital efficiency: opting in to secure additional protocols through restaking. This method strengthens economic security by leveraging Bitcoin’s stability—an asset that accounts for over 50% of the total crypto market cap—and merging its long-term non-inflationary nature with the Proof of Stake (PoS) consensus model. Notably, restaking just 7% of Bitcoin’s total supply would provide the same level of economic security as Ethereum, underscoring Bitcoin’s potential as a PoS asset.

“The inclusion of Threshold’s tBTC as a restakeable asset on EigenLayer is another major step forward towards open innovation by building connectivity with the bitcoin ecosystem, broadening the scope of assets that can contribute to securing decentralized networks, and providing greater optionality and utility for AVSs and restakers,” stated Sreeram Kannan, Founder and CEO of Eigen Labs.

Following the emergence of Bitcoin staking projects like Babylon, Lombard, and Acre, EigenLayer's adoption of tBTC is a testament to the power of Bitcoin restaking in incentivizing users to put Bitcoin to use beyond a store of value. tBTC’s ability to bridge the Bitcoin and Ethereum ecosystem makes it the optimal solution for driving the development of the BitcoinFi ecosystem. 

About Threshold Network:  

Threshold Network offers decentralized cryptography services that enhance privacy and security on public blockchains by distributing operations across independent nodes. Powered by the T token, users can stake and operate nodes to support key services like tBTC, a Bitcoin bridge, and TACo, an access control tool. By minimizing reliance on centralized entities, Threshold ensures trustless, secure, and privacy-focused solutions for decentralized applications in the evolving Web 3.0 landscape. To learn more, please visit: https://threshold.network/  

About EigenLayer: 

EigenLayer is a protocol built on Ethereum that pioneered restaking, a new primitive in cryptoeconomic security. Through a system of interconnected smart contracts, any ERC-20 token, such as tBTC, can be "restaked" to participate in not one, but any number of Actively Validated Services (AVSs) in exchange for fees and/or rewards. Operators opt into these opportunities by running additional node software and in some cases grant the EigenLayer smart contracts the ability to impose additional slashing conditions on their assets as specified by the AVS. 

Disclaimer. This is a paid press release.

Tel aviv, Israel, September 17th, 2024, Chainwire

COTI Launches Its L2 Testnet With Broad Ecosystem Support Including MEW and AnChain

Confidential Layer 2 COTI has launched its testnet with a dozen ecosystem partners in place. MyEtherWallet (MEW) and AnChain are among the partners providing support for COTI’s scalable EVM network that aims to deliver affordable privacy solutions to web3. 

COTI’s privacy chain has attracted partnerships from a broad spectrum of blockchain sectors including projects operating on the frontlines of DeFi, AI, Security and Compliance, NFTs, and Real World Assets. The diverse ecosystem partners supporting COTI’s testnet and subsequent mainnet launch underscore the recognition of privacy as a critical component in the evolution of blockchain technology.

The launch of COTI’s testnet enables developers to explore the network’s features and novel technology based on Garbled Circuits. Developed in collaboration with Soda Labs, COTI’s Garbled Circuits implementation enables parties to jointly compute functions over private inputs without revealing those inputs. To accompany the launch of its testnet, COTI has published benchmarking results that support its claim to be significantly faster and lighter than incumbent privacy solutions.

COTI CEO Shahaf Bar-Geffen said: “The response to our testnet launch has been astounding, with projects and developers from various sectors across web3 joining our community to build a private blockchain future.”

Kosala Hemachandra, CEO and Founder of MyEtherWallet, commented: “We are excited to collaborate to provide COTI with user-friendly products that are open source and privacy-centric.”

The testnet launch provides developers interested in building on the scalable L2 with a range of tools including a testnet explorer and faucet to fuel experiments with COTI’s technology. Testnet SDK support enables developers to seamlessly integrate COTI features into apps.

The ability to process confidential transactions at scale and deliver affordable and secure MPC will unlock possibilities for blockchain applications that were previously unavailable or inaccessible due to cost limitations. Through pioneering new encryption capabilities, COTI will empower innovation in the realms of confidential DeFi, quantum resistant privacy, confidential data sovereignty and more.

About COTI

The COTI Network is the fastest and lightest confidentiality layer on Ethereum. Powered by the breakthrough cryptographic protocol Garbled Circuits and secured by Ethereum, COTI introduces the most advanced and compliant solution for data protection on the public blockchain. Paving the way for the next wave of Web3 innovation and adoption, COTI unlocks a whole new world of use cases, including confidential transactions, Artificial Intelligence, DeFi, decentralized identification, and more.

Learn more: https://www.coti.io/

Disclaimer. This is a paid press release.

Singapore, Singapore, September 17th, 2024, Chainwire

The world’s largest martial arts organization will leverage Sui’s technology for its products and highly anticipated mobile game ONE Fight Arena built in partnership with Animoca Brands

Sui, a cutting-edge Layer 1 blockchain, today announced it will be the official blockchain partner of ONE Championship (“ONE”), the world’s largest martial arts organization. ONE events represent the full spectrum of martial arts, with world-class athletes from more than 80 countries competing across MMA, Muay Thai, kickboxing, submission grappling, and other disciplines. The partnership was announced during a panel at Sui’s Singapore Builder House during Token2049, the world's largest crypto event.

Through this partnership, Sui will be integrated into various ONE products, including ONE Fight Arena, the promotion’s highly anticipated official Web3-enabled free-to-play mobile game, built in partnership with Animoca Brands and its subsidiary Notre Game. ONE Fight Arena features ONE’s robust roster of world champion martial artists and vast IP library.

The mobile game will leverage Sui’s world-class technology to provide a novel gaming experience with true digital ownership at its core, while allowing ONE to directly engage with its global fan base in a deeper manner. 

Sui’s integrations will include a comic/manga series about ONE athletes accessible through zkLogin and powered by the Walrus protocol on Sui, a free-to-play pick’em game where fans can win a variety of rewards and phygital collectibles that blend physical and digital aspects.

“ONE Championship is the fastest-growing major global sports property and has established a reputation for being extremely forward-thinking and technologically innovative,” said Jameel Khalfan, Head of Ecosystem Development at Sui Foundation. “Being chosen as their official blockchain partner and being integrated into their tech stack is a validation of Sui’s growth and adoption trajectory and another opportunity to serve the sports community with Sui’s technology.”

As ONE’s official blockchain partner, Sui is expected to gain significant visibility and brand exposure during marquee scheduled events, which will be accessible in-person for thousands of people and broadcasted to millions globally into over 190 countries through a network of partners, including Prime Video, Sky Sports, Globo, Channel 7 HD, U-Next, Seven Network, and Disney+ Hotstar.

“In today's competitive landscape, capturing attention demands high-quality, interconnected, and engaging experiences. By offering world-class events, innovative gaming, second-screen features, and leveraging Web3 technology, we aim to connect with fans on a deeper level,”, said Hua Fung Teh, Co-Founder and Group President of ONE Championship. “Sui perfectly aligns with these objectives, and we are thrilled to partner with them as our official blockchain partner to bring this vision to life.”

Disclaimer. This is a paid press release.

San Francisco, California, September 16th, 2024, Chainwire

The Graph Network significantly upgraded its support for the Solana network, building upon its previous integration. The Solana developer community now has access to better data tools, more ways to get started accessing indexed Solana data (including using pre-built solutions by notable teams such as Messari and Top Ledger).

The upgrades offer an enhanced development experience for Substreams-powered subgraphs (SpS) with new codegen tools, usable both remotely and locally. Developed by StreamingFast,  a core engineering team in The Graph ecosystem, the dev-environment includes tools to help developers quickly scaffold an end-to-end Substreams project. This means unprecedented flexibility to Solana development. For developers well-versed in Substreams, the new tooling enables quick and easy syncing. 

Developers can start building on Solana using The Graph even without Substreams knowledge. The new tooling also empowers developers to access Solana data without ever touching Substreams or Rust. This means developers can easily work with Solana data using tooling that best suits their skills and project requirements. 

Other notable enhancements are the Solana Substreams modules developed by Top Ledger and StreamingFast, and multiple Substreams and Substreams-powered subgraphs developed by Messari. Developers will also gain access to several ready-to-use Substreams-powered subgraphs, including UNCX and Orca Whirlpool.

“The meteoric rise of developer and user activity on Solana has created a huge demand for open, decentralized data that is true to the values of web3. The Graph’s latest tooling upgrade and enhanced support will ensure the Solana community can get even more value out of web3’s decentralized data layer,” said Nick Hansen, Head of Growth, The Graph Foundation.

Solana’s technology, particularly its high transaction speed and low fees, have made it a preferred choice for many decentralized applications (dapps) and decentralized finance (DeFi) projects. With the Solana ecosystem growing rapidly, the demand for efficient data indexing and querying is skyrocketing. 

The Graph's enhanced support for Solana equips developers with powerful tools to build decentralized applications (dapps) and analyze on-chain data more efficiently. It now offers lower costs, a more efficient data source, and an improved programmable indexing stack that's easier to use, faster to index, and provides a historical cache of Solana blocks that are 25% the size of a full-block.

These improvements are part of The Graph’s mission to support the multi-chain future and foster interoperability in web3. The upgraded tools will be particularly useful to Solana developers, data analysts working with Solana data, and the broader web3 community interested in data solutions. 

The Graph Network remains committed to providing web3 developers with a decentralized data network with over 9,000 subgraphs. It deprecated its free hosted service in June, transitioning to a decentralized network to empower developers and the entire web3 ecosystem by ensuring data autonomy and decentralization.

ABOUT THE GRAPH

The Graph is the source of data and information for the decentralized internet. As the original decentralized data marketplace that introduced and standardized subgraphs, The Graph has become web3’s method of indexing and accessing blockchain data. Since its launch in 2018, tens of thousands of developers have built subgraphs for dapps across 70+ blockchains - including  Ethereum, Arbitrum, Optimism, Base, Polygon, Celo, Fantom, Gnosis, and Avalanche.

As demand for data in web3 continues to grow, The Graph enters a New Era with a more expansive vision including new data services and query languages, ensuring the decentralized protocol can serve any use case - now and into the future.

Discover more about how The Graph is shaping the future of decentralized physical infrastructure networks (DePIN) and stay connected with the community. Follow The Graph on X, LinkedIn, Instagram, Facebook, Reddit, and Medium. Join the community on The Graph’s Telegram, join technical discussions on The Graph’s Discord.

The Graph Foundation oversees The Graph Network. The Graph Foundation is overseen by the Technical Council. Edge & Node, StreamingFast, Semiotic Labs, The Guild, Messari, GraphOps, Pinax and Geo are eight of the many organizations within The Graph ecosystem.

— END — 

Disclaimer. This is a paid press release.