Dubai, UAE, April 9th, 2024, Chainwire
dWallet Network, a trailblazer in decentralized, native multi-chain technology, and Mysten Labs, a Web3 infrastructure company and the original contributor to Sui, announced their strategic partnership, focusing on the introduction of multi-chain interoperability into the DeFi ecosystem on Sui, the groundbreaking Layer 1 and smart contract platform. With the integration of the dWallet primitive, applications built on Sui can sign transactions on Bitcoin and Ethereum, opening up new cross-chain experiences on Sui.
Sui is renowned for its secure, high-throughput, and low-latency blockchain capabilities, utilizing the Move smart contract language to offer developers a robust and secure platform for building sophisticated applications, all while maintaining extremely low and consistent gas fees. Through the partnership with dWallet Network, Sui is now poised to harness native, non-collusive, and decentralized dWallet technology, enabling seamless cross-chain interactions within its ecosystem. This collaboration is particularly significant for DeFi initiatives on Sui, providing them with the unprecedented ability to include native BTC and ETH transactions, a milestone in blockchain interoperability and functionality.
To implement the dWallet primitive, the dWallet Network utilizes 2PC-MPC, the state-of-the-art protocol invented by its team. This industry-first multiparty protocol enables the generation of an ECDSA signature in a non-collusive way, requiring participation from both the end-user and a significant number of nodes, the number of which could potentially reach hundreds or thousands.
Omer Sadika, Co-Founder of dWallet Network, expressed his excitement about the partnership, stating, “We are excited to partner with Mysten Labs and bring our decentralized, non-collusive dWallet building block to the Sui ecosystem. This partnership not only broadens the horizons for DeFi and gaming on Sui but also represents a significant leap towards realizing our vision of a seamless, multi-chain future.”
An exciting aspect of this partnership is the use of dWallets in conjunction with Sui’s zkLogin feature, offering a simplified Web2 user experience for managing assets across blockchains, including Bitcoin and Ethereum. This innovative approach leverages the ease of Web2 logins, like Google accounts, to interact with any asset on any blockchain, thereby reducing barriers to entry for users and enabling mass adoption of blockchain technology.
Furthermore, the collaboration extends beyond technical integration, with dWallet Network and the Sui Foundation co-hosting the Overflow hackathon. This event underscores the commitment of both projects to foster innovation, community engagement, and the development of cutting-edge applications within the Sui ecosystem.
“Interoperability is key to the growth of blockchain-powered applications. The introduction of dWallet’s innovative tooling will enable users in the Sui ecosystem to operate seamlessly across disparate protocols,” said Evan Cheng, CEO and co-founder of Mysten Labs, original contributor to Sui. “We’re thrilled to join dWallet in creating a multichain future.”
The strategic alliance between Mysten Labs and dWallet Network marks a significant milestone, promising to bring unprecedented flexibility, security, and efficiency to multichain DeFi and gaming. As this partnership unfolds, it is set to catalyze innovation and accelerate adoption, opening new avenues for developers and providing users with richer, more diverse blockchain experiences.
For press inquiries, users can contact:
siva@dwalletlabs.com
About Mysten Labs
Mysten Labs is a team of leading distributed systems, programming languages, and cryptography experts whose founders were senior executives and lead architects of pioneering blockchain projects. The mission of Mysten Labs is to create foundational infrastructure for web3.
Users Can Learn more here.
About Sui
Sui is a first-of-its-kind Layer 1 blockchain and smart contract platform designed from the bottom up to make digital asset ownership fast, private, secure, and accessible to everyone. Its object-centric model, based on the Move programming language, enables parallel execution, sub-second finality, and rich on-chain assets. With horizontally scalable processing and storage, Sui supports a wide range of applications with unrivaled speed at low cost. Sui is a step-function advancement in blockchain and a platform on which creators and developers can build amazing, user-friendly experiences.
Users Can Learn more here.
About dWallet Network
dWallet Network is the home of dWallets – programmable and transferable signing mechanisms that live on-chain. dWallet Network empowers builders on L1s and L2s to utilize dWallets as a building block for managing assets & enforcing logic across all of Web3 in a decentralized and noncollusive way.
Contact
Marketing Lead
Siva Sagiraju
dWallet Network
siva@dwalletlabs.com
Singapore, Singapre, April 9th, 2024, Chainwire
- Comprehensive security checks are now possible at only 10% of the traditional cost
- The price and report creation is 10 times faster and cheaper than traditional firms
- This firm optimized for projects that “want to audit contracts but have limited budgets” or “wish to conduct an initial audit during the development stage”
Bunzz, a Singapore-based web3×AI tech startup launches “Bunzz Audit,” an AI-driven smart contract auditing service offering fast, cost-effective audits with actionable insights for security improvements, scanning contracts from over 100 perspectives using AI and an extensive database.
Overcoming the Challenges of Traditional Smart Contract Audits in Blockchain Projects
Blockchain-related projects trade users’ assets on-chain, and the smart contracts governing this logic are at risk of being attacked. As a measure, “smart contract audits (Audit)” are conducted, but users of existing major audit firms face the following challenges:
- The cost of traditional audit firms is very high (from 10K to 1M of USD).
- Emphasis is placed on the “seal of approval” from major audit firms, making the original goal of “improving security” a mere formality.
- Engaging an audit firm can delay product launches or token listings due to the time taken for audits.
- The accuracy of reports and the cost of communication can be unstable depending on the audit firm’s personnel.
As an approach to solve these issues, Bunzz, the smart contract development infrastructure, has researched and developed an AI-based audit service, “Bunzz Audit.”
In the open beta version in January this year, Bunzz received a lot of positive feedback, and it has now officially launched “Bunzz Audit” as a formal version.
Product page: https://www.bunzz.dev/audit
The Significance of Using AI for Smart Contract Audits
The tasks performed by audit firms can broadly be classified as follows:
- Comparing clients’ contracts with previously identified vulnerability patterns to detect vulnerabilities.
- Detecting vulnerabilities derived from project-specific logic or operational inconsistencies.
For the first task, vulnerabilities in smart contracts are normally checked by humans reviewing the source code. However, due to variations in auditors’ knowledge of vulnerability patterns and their detection capabilities, oversights due to human error are a current issue.
In this regard, Bunzz Audit owns a database of previously discovered vulnerability patterns and adopts an auditing method that scans code from over 100 perspectives. This approach allows for comprehensive coverage and accurate, omission-free vulnerability identification, which is physically impossible for humans.
From the results obtained through research and development, Bunzz believes that for detecting vulnerability patterns as in the first task, a database + AI approach is more suitable than a human approach.
Regarding the second task of detecting vulnerabilities specific to a project’s logic, this is not addressed by the above approach but rather by professional auditors from the Bunzz Audit team (as an option). Clients can choose between two types of audits: one that only reviews the code and another comprehensive audit that includes both the code and the project-specific logic.
Bunzz are currently distributing a promotion code for Bunzz Audit
Currently, Bunzz is distributing a 10% discount promotion code for free. Using this code, audits are available for 1,791 USD. The fee remains constant regardless of the amount of source code or the level of vulnerabilities found, allowing for the highest level of ROI in the industry. Please give it a try.
Users can get their promotion code here: https://www.bunzz.dev/audit
About Bunzz
Bunzz is a leading company in Web3×LLM, operating Asia’s largest DApps development infrastructure. We develop and provide various Web3 infrastructures and services aimed at realizing “smart contracts as a public good.”
Shareholders: Arriba Studio, Coincheck Labs, DG Daiwa Ventures, gmjp, East Ventures, GMO AI &Web3, GREE Ventures, Hyperithm, Kotaro Tamura, Kazutaka Mori, mint, SPIRAL VENTURES, 01Booster Capital, Ceres
For more information: Bunzz Blog | Twitter(X) | Discord | Youtube | Linkedin | Luma
Bunzz Projects
- Bunzz Audit | AI-based Audit Firm
- Smart Contract Hub | A platform for sharing smart contracts
- DeCipher | “Read me” for All Contracts
- Bunzz for Enterprise | Providing Tier 1 technical resources to Japanese companies
Contact
Devrel Manager
Trust Oyafemi
Bunzz
info@bunzz.dev
Seoul, South Korea, April 8th, 2024, Chainwire
Color Protocol launches an ERC-404 conversion platform for Memecoin, Meme artists and communities can create their Meme NFT collections in ERC-404, and holders are able to convert their Memecoin into NFT.
New paradigm for Meme-based creation issuance
Memecoin is the eternal rhythm of the crypto market, known for its explosive expansion, unique community culture, and vast market potential. And many graffiti artists created fantastic works around memecoins, but these genius works never had a chance to share a piece of the memecoins’ value surge. Yet the memecoins with their now firmly established community consensus are not without flaws: the consensus varies significantly across different memecoin communities, and the distinction between memecoins and other tokens is not pronounced enough.
Color Protocol starts with a conversion platform, which aims to build a new paradigm for Meme-based art asset issuance, allowing anyone to convert Memecoin from the ERC-20 standard into ERC-404, a hybrid standard that perfectly integrates properties of both token and NFT.
Created by Color Protocol, artists’ Meme works are no longer isolated, illiquid assets, but can now share the value increase of Memecoin. Meme communities could increase playability and enable wider spread to enhance community consensus. As for the holders, they could own assets with unique Meme culture as well as liquidity.
Walter, co-founder of Color Protocol, states: “The market cap of Memecoin has skyrocketed by over 200% to $70 billion this year. The value of consensus in Meme Creation has not been fully realized yet. Color Protocol intends to bring together artists, communities, and holders through ERC-404 to derive 1% or even greater value from Memes.”
About Color Protocol
Color Protocol is an international team made up of experienced developers in the Ethereum ecosystem. The team has been working since February and plans to release the Flux-404 NFT deflationary contract standard, ERC404 launch tool, and cross-chain functionality in the next month.
Color Protocol is a new paradigm for Meme creation issuance, empowering Meme artists, communities, and users worldwide with greater consensus and value. Color Protocol is dedicated to leverage the ERC-404 protocol innovation to make memecoins more colorful, more playable, and even greater.
For more information, users can visit Color Protocol: Official Website | Twitter
Contact
Color Protocol
bd@colorprotocol.com
Deira, Dubai, April 7th, 2024, Chainwire
R Games is marking a significant milestone in the gaming world with the launch of its $RGAME token, scheduled for 10 AM UTC on April 8th, 2024.
This major step for R Games will launch on platforms like DAOMaker, Poolz Finance, Finceptor, and Paragen, followed by listings on top exchanges such as Gate.io, MEXC Global, PancakeSwap, Raydium, and BingX.
A strong community from Fabwelt Studios and WEMIX Play backs this launch.
$RGAME is Poised to Transform the Blockchain Industry with Artificial Intelligence, Precise Engineering and Racing.
Starting with an initial market cap of $296,250 & valuation of 7.5M, with support from leading advisors and investors in the blockchain and gaming industries such as Ferrum Network, BMW Capital, Lavender Capital, Qu Ventures, Oddiyana Ventures, IBC Group, Mario Nawfal, Sky Wee, Yuen Wong, Robby Joe, and Rajan Raj.
Key features of R Games include
- Interoperable NFTs
- User-generated content capabilities
- AI-integrated designs
This unique combination sets R Games apart as a frontrunner in the Web3 AI and Gaming sector, catering to seasoned gamers and newcomers alike.
As the countdown to TGE and IDO commences, R Games invites gamers, investors, and enthusiasts alike to join its journey towards revolutionizing the gaming industry and unlocking new possibilities in the Web3 world.
Future of R Games
Looking towards the future, R Games has ambitious plans in store.
Development efforts are focused on implementing upgrades such as an advanced Upgrade System, Virtual Garage, and AI integration.
These additions are designed to give users a variety of opportunities to earn, with models including
- Develop-to-Earn
- Watch-to-Earn
- Play-to-Earn
Players can fine-tune and electronically upgrade all vehicle models within the game within the workshop, offering a customizable experience.
The integration of AI technology allows users to design their car characters, even without technical expertise effortlessly.
The roadmap also includes diverse modes like Formula One, Street Racing, Story Mode, and Off-Road Racing to cater to a broad audience.
About RGames
R Games is a highly tailored platform offering a diverse range of gaming modes, aimed at creating the largest blockchain-based racing ecosystem.
R Games team comes from a successful studio venture Gyros Studios LCC Formerly Known as Fabwelt Studios LLC built numerous successful Blockchain Games.
Loet de Hooge, Abhishek Pegada, and Rubina Naaz are the visionary founders of R Games, bringing together their diverse expertise and passion for gaming and blockchain technology.
Loet de Hooge is known for his technical prowess and innovation,
Abhishek Pegada contributes his strategic leadership and business acumen, while Rubina Naaz brings the team a creative and user-centric approach.
Website: https://r-games.tech
Whitepaper: https://fabwelt.gitbook.io/r-games
Twitter: https://twitter.com/R_GamesOfficial
Telegram: https://t.me/RGamesOfficialChat
Youtube: https://www.youtube.com/@Rgames_official
Discord: https://discord.gg/jPWWvdB42J
Contact
Rubina Naaz
Gyros Studios
Hello@r-games.tech
Cardiff, 英国, April 4th, 2024, Chainwire
According to Binance Web3 official announcement, Binance Web3 Wallet has officially launched a joint airdrop event with the BTC Layer2 project BEVM. Users who complete three simple tasks on BEVM through Binance Web3 Wallet will receive an exclusive airdrop of BEVM token. BEVM will allocate 10,500,000(0.5%) $BEVM for the airdrop to Binance Wallet users participating in this event. This is the first collaboration between Binance Web3 wallet and Bitcoin Layer2.
BEVM is an EVM-compatible Bitcoin layer2 based on Taproot Consensus and uses $BTC as gas, enabling fully decentralized $BTC cross-chain and allowing $BTC to be introduced into a broader range of applications in a trustless manner. BEVM recently announced the completion of its ten-million dollar funding round, with investments from nearly 20 institutions including Rocktree Capital, Waterdrip Capital, Arkstream Capital, ViaBTC Capital, MH Venture, and Mapleblock. BEVM officially launched its mainnet on March 28, and in just one week, the mainnet has garnered over 600,000 user addresses.
What is BEVM?
BEVM is the first EVM-compatible Bitcoin L2 built on Taproot Consensus and uses $BTC as Gas.
Based on Musig + Bitcoin SPVs, Taproot Consensus is the final result of the BEVM team’s six years of exploring Bitcoin Layer2 solutions.
BEVM has two narratives, the first is “BEVM-Stack”(#BTClayer2 as a service), which can help developers launch #BTClayer2 with one-click. Secondly, BEVM will develop DBFX(Decentralized Bitcoin Foreign Exchange) protocol to seamlessly bridge native $BTC into any Defi protocol on any Chain. BEVM’s ultimate goal is to bring 10% of $BTC into the Layer2 network, expanding $BTC’s application scenarios to enable real circulation of $BTC.
The following are the key historical milestones of BEVM:
2017: Establishment of the BEVM team.
2018: Launch of the BTC Layer 2 solution ChainX, taking custody of 100,000+ $BTC and 500,000+ $BTC hash locks.
June 2023: Formal proposal of the BEVM Canary Network.
November 29, 2023: Publication of the BEVM whitepaper.
March 2024: Announcement of securing $10 million in funding with a post-investment valuation of up to $200 million.
March 2024: Announcement of the mainnet launch.
BEVM Funding Details
On March 25, 2024, BEVM announced the completion of a $10 million funding round, with a post-investment valuation of up to $200 million. The funding round involved approximately 20 investors, predominantly from Europe and the United States.
Among these investors, RockTree Capital stands out as a prominent and seasoned crypto investment institution based in the United States. Founded by Omer Ozden, who also serves as an international partner at ZhenFund Global Ventures, RockTree Capital boasts significant influence in the financial circles of China and the United States. Omer Ozden has previously served as a legal advisor for Facebook (now Meta) and was a member of the United States Congress. RockTree Capital has a strong track record of investing in and incubating numerous renowned crypto projects, including Chainlink, Tron, dYdX, Fantom, and Casper, among others.
In addition to RockTree Capital, other notable investors in the BEVM project include MH Ventures, which has invested in well-known projects like Celestia, Sei Network, and Linera; Mapleblock, known for its investments in Polyhedra, DAO maker, Kraken, and Huobi; and Arkstream Capital, which has invested in projects such as AAVE, Flow, Manta, and Particle.
Waterdrip Capital and Satoshi Labs, have also participated in the investment, as well as Viabtc Capital which is one of the world’s top three Bitcoin mining pools.
BEVM Technical Advantages
In the current market, BTC Layer 2 technology solutions can be broadly categorized into five types: Bitcoin sidechains, UTXO + client verification, Taproot Consensus, multi-signature + EVM, and Roullp.
BEVM adopts the Taproot Consensus technology, which was proposed and implemented by the BEVM team and serves as a typical use case for Taproot Consensus.
Taproot Consensus is a layer2 solution built on the three major native Bitcoin technologies. It has gradually matured since the Bitcoin Taproot upgrade in 2021. The essence of Taproot Consensus lies in Schnorr Signature + MAST Contract + Bitcoin Light Node Network.
Schnorr Signature enables Bitcoin multi-signature custodians to expand to 1,000, achieving decentralization of custodians. MAST Contract implements code-based management of aggregating signatures, relying on code rather than manual signature. The Bitcoin Light Node Network achieves decentralized Bitcoin cross-chain transactions and management through consensus driven by Bitcoin SPVs.
On March 28, 2024, BEVM’s mainnet, based on Taproot Consensus, officially launched, reaching over 600,000 user addresses within a week. It is currently one of the most implemented Bitcoin Layer2 solutions.
In summary, compared to other BTC L2 technological solutions on the market, BEVM boasts unparalleled advantages in terms of the native nature of Bitcoin technology, decentralization, and the level of implementation.
More Details about the Campaign between Binance Web3 Wallet and BEVM
On April 4, BEVM announced a joint airdrop campaign with Binance Wallet, offering airdrops for completing any of the three specified on-chain activities. BEVM has allocated 0.5% of its total token supply for this airdrop. It is also Binance Wallet’s first airdrop event in collaboration with a Bitcoin Layer2.
To participate in the event, users need to access the Binance Web3 Wallet and visit https://binance-campaign.bevm.io . There are three tasks included in the campaign, bridging $BTC to BEVM, creating position in Satoshi Protocol and daily check-in on BEVM.
User Participation Tutorial:
Step 1: Access and Set Up Binance Web3 Wallet
First, ensure you have a Binance account. If not, you will need to create one.
Then, download and install the Binance Web3 Wallet. This can be found on Binance’s official website.
After completing the installation, follow the instructions to set up your wallet.
Step 2: Participate in the Event
Access the event page using the Binance Web3 Wallet.
Complete the three tasks required by the event:
Bridge $BTC to BEVM: Follow the instructions on the page to bridge your $BTC from the main chain to the BEVM chain.
Create a Position in Satoshi Protocol: Navigate to Satoshi Protocol and create a new position.
Daily Check-in: Visit the BEVM page every day to check in.
More Help and Tutorials:
Users can watch this tutorial video to understand the detailed steps for participation.
Users can also read the post on the BEVM blog for more information about the 10,500,000 BEVM airdrop campaign.
About BEVM
BEVM introduces a groundbreaking EVM-compatible Bitcoin Layer 2 solution, utilizing BTC as gas for transactions. This fully decentralized platform bridges the gap between the Bitcoin and Ethereum ecosystems, allowing DApps to operate seamlessly on Bitcoin Layer 2. It features innovative cross-chain interaction, data integrity assurance, decentralized processing, and a robust consensus mechanism for enhanced scalability and security. BEVM aims to fuel innovation in the Bitcoin ecosystem through EVM compatibility, a fully decentralized architecture, and an innovative incentive model. For more information, visit their website at bevm.io.
For more information about BEVM: Official Website | Twitter | Discord | Blog | Github
Contact
BEVM Team
marketing@bevm.io
Singapore, Singapore, April 4th, 2024, Chainwire
Xterio, a leading Web3 gaming publisher and platform, and AltLayer, an open and decentralized protocol for launching native and ZK rollup stacks, have announced the launch of a game-focused restaked rollup designed specifically for Web3 games.
Xterio is a Web3 gaming ecosystem & infrastructure, distinguishing itself as a gaming publisher with top-notch development skills, unparalleled distribution expertise, and over $80M raised in ecosystem funding. With five AAA games and over 45 gaming partners, Xterio has amassed a gaming community of over two million users worldwide and developed the most successful gaming NFT launchpad. Co-founded by industry veterans like Michael Tong, former COO of NetEase and CSO of FunPlus, and Jeremy Horn, former Vice President of Jam City, Xterio is committed to accelerating the integration of Web3 technology into gaming and onboarding billions of gamers.
The Xterio chain will be run and managed by AltLayer. It will operate as a Layer 2 settling on Ethereum and utilize the OP Stack as the rollup framework with EigenDA as the Data Availability (DA) layer. Unlike a classical rollup, Xterio chain will instead take the form of a “restaked rollup”, a framework pioneered by AltLayer. As a restaked rollup, the Xterio chain will come with MACH – an Actively Validated Services (AVS) offering faster finality with economic security by leveraging EigenLayer’s restaking mechanism. The rollup will focus on web3 and AI-powered games, with plans to build an on-chain ecosystem around AAA games leveraging the $XTER token.
In addition to being integrated across multiple Xterio titles, the Xterio chain will act as the backbone of the Xterio ecosystem, offering a gateway to a vibrant gaming ecosystem and empowering players to effortlessly collect, own, and trade digital assets in a safe and accessible environment and allowing developers to mint, distribute, and manage millions of assets seamlessly. The chain, alongside the comprehensive Xterio tech platform, intends to make on-chain elements almost invisible thanks to account abstracted wallets, seamless off-chain and on-chain systems, cheap transactions, single-click purchases, flexible payment marketplace and launchpad, and more. In addition to facilitating transactions, the Xterio marketplace and NFT launchpad will embrace the Xterio token as a versatile payment method, accepted for both purchases and gas fees, ensuring a smooth and convenient user experience.
Looking ahead, the Xterio chain will open its doors to game developers seeking a sophisticated yet user-friendly solution to power their creations. Through the Xterio chain, developers will have access to the most extensive first-party gaming catalog in Web3 and tap into its over 2 million user base, which is currently rapidly growing.
With its promise of easy integration and cutting-edge capabilities, the Xterio chain stands ready to drive the future of gaming.
Yaoqi Jia, CEO of AltLayer, said: “Xterio serves as a robust, highly respected platform to its numerous, highly-regarded content partners in the gaming space. As the nature of gaming evolves and calls for higher-performing game mechanics, game economics, and in-game transactions grow, we’re delighted that Xterio has embraced rollups to strengthen its products’ technical capabilities. With AltLayer’s novel restaked rollup product MACH, Xterio will also enjoy security and much faster finality features built using EigenLayer’s restaking mechanism that will ultimately underpin a better gaming experience to benefit developers and players alike.”
Michael Tong, CEO of Xterio, expressed: “Through our collaboration with AltLayer, Xterio is spearheading the development of a cutting-edge blockchain infrastructure to fuel our Web3 gaming titles and extending its availability to partners and collaborators. By harnessing the expansive ETH ecosystem and addressing critical user concerns like gas fees and rapid transaction finality, Xterio is poised to emerge as a frontrunner in high-quality Web3 and beyond.”
Highly regarded for its on-chain gaming capabilities by industry bigwigs, this Binance Labs-backed platform is now building out its game and technology functions, including artificial intelligence (AI) integration and token launch.
About Xterio
Xterio Foundation in Switzerland was founded with a council and by a team of technology and entertainment leaders with deep game development and publishing experience. Its mission is to develop, publish, and distribute high-quality Web2 and Web3 games and interactive entertainment.
Xterio is committed to accelerating the integration of Web3 technology into gaming and AI. This commitment simplifies the experience for developers and players, facilitating the widespread adoption of decentralized gaming and digital ownership. Xterio, together with its partners, operate the first gaming rollup with the latest MACH technology and one of the best launchpads for games and marketplaces. Recently, the Xterio platform has successfully launched NFT sales in Overworld, Age of Dinos, Persona, Army of Fortune, and more.
The Xterio platform is developing five first-party titles powered by $XTER. Each is led by genre experts and supported by talented teams from renowned entities like FunPlus, Riot, Tencent, and Epic.
To learn more, users can visit xter.io and follow along at @XterioGames.
About AltLayer
Founded in 2021, AltLayer is an open and decentralized protocol for rollups. AltLayer is known for its novel product – ‘restaked rollups’ – which supplements existing rollups with better security, decentralization, fast finality, and interoperability.
Built atop its protocol is a Rollups-as-a-Service (RaaS) launcher, a hassle-free platform allowing developers and beginners to spin up a customized rollup within 2 minutes! This product is designed for a multi-chain and a multi-VM world.
Together, these products form the bedrock of a modular blockchain ecosystem – home to hundreds of thousands of rollups that can accelerate scaling for any Web3 application. They can help save considerable capital, reduce years of development work for teams, encourage innovation, and fast-track experimentation while being fully open and permissionless.
Industries spanning the NFT sector, Web3 gaming, DeFi, real-world asset tokenization, and others leverage these rollups to scale their applications. AltLayer supports major stacks, alternative DA layers, and shared sequencers, including OP Stack, Arbitrum Orbit, Polygon CDK, ZK-rollup, Celestia, EigenDA, Avail, Espresso, and more.
Alter invites users to join its community: Twitter | Discord | Official Website
Contact
Xterio Team
press@xter.io
London, UK, April 4th, 2024, Chainwire
StakeLayer, a Pioneer in Bitcoin L2 Restaking solutions, has announced the pre-sale distribution of $STAKE, the native token powering their platform. This pre-sale marks a significant milestone in StakeLayer’s mission to unlock the potential of DeFi for Bitcoin users.
$STAKE serves as the backbone of the StakeLayer ecosystem, enabling a diverse range of DeFi activities on the Bitcoin network.
The pre-sale offers an opportunity for early adopters to invest in $STAKE before it opens for public trading at the Token Generation Event scheduled for Q2 2024
Users can find more details about the Pre-sale here.
StakeLayer introduces a revolutionary EigenLayer for Bitcoin. This new Layer 2 solution introduces Restaking for Bitcoin holders, poised to transform user interaction with Bitcoin.
The Path To the Future
Similar to the EigenLayer on Ethereum, StakeLayer utilizes a restaking mechanism for Bitcoin. This enables Bitcoin holders to potentially earn additional rewards on their holdings by participating in Proof-of-Stake activities on various applications built on Bitcoin’s Layer 2.
$STAKE Tokenomics presented below, 20% is allocated for the Presale distribution.
Potential Benefits of StakeLayer
- Increased Capital Efficiency: StakeLayer allows Bitcoin holders to potentially earn additional rewards on their holdings, improving capital efficiency.
- Enhanced Security: The restaking mechanism has the potential to contribute to the overall security of the Bitcoin ecosystem.
- Innovation Opportunities: StakeLayer opens doors for developers to build new applications on Bitcoin’s L2 that leverage PoS functionalities.
- Stakelayer is announcing new updates and is set to launch their platform soon, for more details users can visit StakeLayer’s telegram community.
About Stakelayer
StakeLayer presents a novel approach to unlocking new functionalities for Bitcoin, introducing a revolutionary EigenLayer on Bitcoin. By introducing restaking on Bitcoin’s L2, it opens doors for increased capital efficiency, potential security benefits, and a wider range of applications built on the Bitcoin network.
While the project is still in its early stages, StakeLayer’s unique features hold promise for the future of Bitcoin and its integration with the evolving DeFi landscape.
Contact
Sam Viden
contact@stakelayer.io
Vancouver, Canada, April 3rd, 2024, Chainwire
JYDS, the pioneering decentralized ecosystem built on the Solana blockchain, proudly introduces its latest innovation: JYDS Bank. As a transformative feature within the JYDS ecosystem, JYDS Bank is poised to revolutionize banking for the community of JunkYard Dogs Sol (JYDS), offering a suite of cutting-edge financial services tailored to the unique needs of its users.
Empowering Financial Freedom Through JYDS Bank
JYDS Bank represents a bold step forward in the evolution of decentralized finance (DeFi), empowering users with unprecedented control over their financial assets and decisions. Anchored in the principles of decentralization and community empowerment, JYDS Bank is designed to provide users with seamless access to a wide range of banking services within the JYDS ecosystem.
A Roadmap for Innovation and Growth
The launch of JYDS Bank marks the beginning of an exciting journey towards a more inclusive and accessible financial future. The platform’s roadmap outlines a strategic approach to delivering innovative features and functionalities across multiple phases.
- In Phase 1, users can leverage JYDS Bank to stake $JYDS tokens and earn rewards, fostering active participation and engagement within the community. Additionally, the integration of AI ChatYard, powered by the latest open-source architecture, enables seamless communication and interaction among users, further enhancing the user experience.
- Building upon the success of Phase 1, Phase 2 introduces advanced features such as farming and liquidity provision, enabling users the chance to maximize their earning potential and liquidity utilization. Moreover, the implementation of a decentralized autonomous organization (DAO) empowers token holders to actively participate in governance processes, ensuring that the JYDS ecosystem remains truly decentralized and community-driven.
- As JYDS Bank continues to evolve, Phase 3 introduces groundbreaking innovations, including the JYDS DEX Aggregator. This DeFi aggregator unites the liquidity of decentralized exchanges into a single, comprehensive interface, providing users with access to the best prices across the Solana chain. Additionally, AI tools expansion, encompassing charting analytics and portfolio management, equips users with powerful insights and tools to optimize their financial strategies.
Joining the JYDS Revolution
With its commitment to innovation, decentralization, and community engagement, JYDS Bank represents a paradigm shift in the world of decentralized finance. Whether a user is a seasoned DeFi enthusiast or new to the world of blockchain technology, JYDS Bank offers something for everyone, providing a gateway to financial autonomy and empowerment.
To learn more about JYDS Bank and join the revolution in decentralized finance, users can visit https://jyds.tech/ and become part of a community that’s shaping the future of banking on the Solana blockchain.
About JunkYard Dogs Sol
JYDS is a decentralized ecosystem built on the Solana blockchain, empowering users with innovative solutions and cutting-edge technologies. With a commitment to decentralization and community empowerment, JYDS is pioneering the future of decentralized finance (DeFi), revolutionizing banking for the community of JunkYard Dogs Sol (JYDS).
Disclaimer:
The information provided in this release is not investment advice, financial advice, or trading advice. It is recommended that you practice due diligence (including consultation with a professional financial advisor) before investing or trading securities and cryptocurrency.
Contact
Norman Glitz
JYDS Coin
info@jyds.tech
George Town, Cayman Islands, April 3rd, 2024, Chainwire
The VGX Foundation, a Cayman Islands Foundation, has partnered with Genopets to integrate the VGX token as a reward in their popular move-to-earn NFT mobile game on Solana. The partnership introduces VGX as a reward token in the Genopets game, creating utility and rewards for using VGX within the Genopets ecosystem.
VGX is a token that bridges multiple chains and is focused on bridging utility across GameFi and gaming ecosystems.
Genopets launched in 2021 and is one of the largest games on Solana with more than 200k active players during their private beta. It’s a free-to-play mobile game where players summon digital pets (their “Genopet”), which evolve and grow as players move around and stay active in the real world. Each day players bank the steps they take in the real world to earn energy they can use to upgrade and customize their Genopet through stages of evolution. Now VGX can be awarded to players for the Energy they earn in the game.
The partnership starts with a series of competitions for Genopets players to earn VGX from a $150,000 prize pool by banking their steps daily and competing on the Energy leaderboard. The leaderboard competition is open to new and existing Genopets players.
Additionally, new players downloading Genopets can claim a special reward of rare food and toys for their Genopet by using referral code “VGX” when they sign up as a new user and bank their first steps during this campaign.
To further expand the partnership, players who earn VGX will also be able to take their VGX to Gala Games and use it to purchase a season pass for Voyager: Ascension, which will unlock further rewards in future games.
“We’re thrilled to announce a synergistic partnership with Genopets, an original leader in web3 gaming on Solana,” said Claire Abrehart, Director of VGX (BVI) Ltd. “This collaboration, alongside our recent success with Gala Games, further unlocks new possibilities for the VGX ecosystem. By integrating our token with both Genopets’s vibrant player community and the dedicated Gala Games audience, we’re fostering an innovative future for in-game rewards and experiences across the Web3 gaming landscape.”
“Partnering across foundations to bring new incentives to players in Genopets with leaders in Web3 Gaming like the VGX Foundation and Gala Games is a huge opportunity for our foundation,” said Jay Chang, Co-founder of Genopets. “Genopets was created to make living an active lifestyle more fun and rewarding by bridging physical and digital worlds and there couldn’t be better partners to grow our foundation’s ecosystem with.”
Earlier this year, the VGX Foundation also announced a partnership with Gala Games, using the GalaChain SDK to integrate VGX into Gala Games as a reward token used to acquire in-game items and unlock engagement opportunities. After integration is complete, gamers will be able to earn VGX-based rewards for in-game achievements within specific titles.
About the VGX Foundation
The VGX Foundation leads the evolution of decentralized gaming economies through its dynamic blockchain-based gaming token, VGX. Serving as an in-game currency and reward mechanism, VGX empowers diverse gaming communities. The VGX Foundation actively fosters growth by facilitating grants and partnerships for game developers and platforms, enabling the expansion of the token’s use case and nurturing a thriving VGX ecosystem.
About Genopets
Genopets is a Free-to-Play, Move-to-Earn NFT mobile game that makes it fun and rewarding to live an active lifestyle. A Genopet is a digital pet whose evolution and growth are inextricably linked to your own. The steps you take everyday power your journey through the Genoverse as you explore, battle, and evolve — earning crypto while you play.
Contact
Account Director
Jonathan Duran
Melrose PR
jonathan@melrosepr.com
Singapore, Singapore, April 3rd, 2024, Chainwire
Skate is backed by leading founders in web3, including EigenLayer, Polygon, Manta, Axelar, Pendle, A41 and Galxe, supporting its vision to make web3 efficient for a modular future by solving application fragmentation
Range Protocol, a unified liquidity provisioning platform, today announced the launch of Skate, the universal application layer that empowers apps to run on thousands of chains with one state.
Designed with an intent-centric approach, Skate aims to efficiently address the application fragmentations as a single hub for all code deployment across all chains. Backed by leading web3 players, including EigenLayer, Polygon, Manta, Axelar, Biconomy, Pendle, A41, Vertex, Navi, Galxe, Pontem and more, Skate will deliver its vision with faster finality and universal application scope, paving the way for its mainnet launch within the year.
In today’s multi-chain landscape, applications face pressing needs to deploy, adapt and maintain across an increasing number of chains. Skate introduces the concept of a Universal Application Scope, where essential applications are developed collectively and maintained in a shared pool accessible to all chains — regardless of its underlying Virtual Machine environment. With Skate, users and developers are able to efficiently and instantly access thousands of chains by interacting with one application instance.
Siddharth Lalwani, Co-Founder and CEO of Range Protocol shared, “The rise of modularity powered innovations such as improved throughput and reduced transaction costs. However, it also came with its own set of challenges, most notably, application fragmentation. Skate introduces the concept of the Universal Application Layer, where essential applications are developed collectively, and maintained in a shared pool accessible to all chains. This ensures foundational needs of builders and users are met efficiently, allowing each chain to focus on creating value-added services and laying the building blocks for a modular future.”
Move from Duplication to Innovation: One Skate, One State
Skate is the only intent-centric application layer in the ecosystem, enabling applications to run across thousands of chains and different tech stacks at the same time through a single interface. Moving past duplication of deployments, Skate works as a hub for deploying, developing and maintaining a singular version of smart contracts while servicing users across diverse chains.
One of the key innovations of Skate is the embedding of interoperability within the application logic, reversing the legacy approach of building apps first and integrating interoperability afterwards. Skate ensures that all applications are created with interoperability as a foundational component, streamlining the development process and removing the necessity to bridge assets, but also significantly enhances the user experience by providing a fluid, interconnected ecosystem where transactions and information flow effortlessly between chains.
Aside from the underlying interoperability networks, Skate will be connected to all the blockchains through Fast Finality Network, secured by EigenLayer actively validated service (AVS), to send state attestations from Skate with sufficient trust minimized assumptions. This brings instantaneous cross-chain intent-driven settlements and reduces slippage when making trades while removing unnecessary complexities from an end-user perspective.
Securing the Modular Future, Backed by Web3 Pioneers
The launch of Skate is supported by buy-ins from leading web3 players, including EigenLayer, Polygon, Manta, Axelar, Biconomy, Pendle, A41, Vertex, Navi, Galxe, Pontem and more. Forged by the same team of financial engineers and web3 developers behind Range Protocol, a unified liquidity provisioning platform covering key DeFi asset classes, the Skate team brings deep cumulative experience from leading companies like Altonomy, Point72, Bybit, Certik and Citigroup. Skate’s launch also follows Range Protocol’s $3.75M seed round last year, led by HashKey Capital and Nomad Capital. In the coming months, Skate aims to introduce Testnet Campaigns to community members with unique incentives. To keep up to date on Skate and its upcoming testnet campaigns, make sure you follow their Twitter: https://twitter.com/skate_chain.
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Siddharth Lalwani, Co-Founder and CEO of Range Protocol is available for interview.
About Range Protocol and Skate
Underpinned by robust on-chain trading infrastructure, Range Protocol is a unified liquidity provisioning platform. Harnessing advanced expertise and professional strategies, Range Protocol covers key DeFi asset classes through its vault offerings. Combining the best of automated market makers (AMMs) and request-for-quote (RFQ), Range Protocol empowers sound decision-making and optimized strategies for the next generation of investors — with no intermediaries needed.
Forged by a team of financial engineers and web3 developers with extensive crypto trading proficiencies, Range Protocol brings deep experience from leading companies like Altonomy, Point72, Bybit, Certik and Citigroup. Its most recent $3.75M seed round was led by HashKey Capital and Nomad Capital.
Range now expands into Skate, the universal application layer that empowers apps to run on 1000s of chains with one state. Skate was born with the realization of the limitations of the legacy on-chain trading infrastructure, which deploys repetitive blocks on every new chain. Underpinned by innovation, Skate delivers fast finality across all chains, secured by EigenLayer actively validated service (AVS), and acts as a single hub for all code deployments. Separating assets from pricing, Skate introduces the concept of a Universal Application Scope, where essential applications are developed collectively and maintained in a shared pool accessible to all chains — regardless of its underlying Virtual Machine environment. Solving for dApp/chain-liquidity fragmentation in a modular web3 landscape, Skate ensures foundational needs are met efficiently, allowing each chain to focus on creating unique, value-added services.
For more information, please visit:
Website: http://skatechain.org/
Twitter/X: https://twitter.com/skate_chain
Contact
Skate / Range Protocol
range@wachsman.com