Singapore, Singapore, April 3rd, 2024, Chainwire
Bitlayer Labs, the first Bitcoin Layer 2 solution based on BitVM, announced a seed round of $5M led by Framework Ventures and ABCDE Capital, participation by StarkWare, OKX Ventures, Alliance DAO, UTXO Management, Asymmetric Capital and many more. The announcement comes as Bitlayer prepares the launch of its open-incentive program Ready Player One, inviting developers worldwide to augment, enhance, and build on the protocol.
Bitlayer Labs, the developer of Bitcoin Layer 2 protocol Bitlayer, announced today the close of a $5 million seed funding round at an $80 million valuation, driving a vision to become the computation layer of Bitcoin.
Investors & Ecosystem Partners
Blockchain-based venture firms Framework Ventures and ABCDE Capital led the round, with participation from StarkWare, OKX Ventures, Alliance DAO, UTXO Management, Asymmetric Capital, Kenetic Capital, Kestrel, Global Coin Research, Pivot Global, and Web3Port. Many other incredible investors added value to the seed round.
Prominent angel investors including Messari CEO Ryan Selkis, Messari co-founder Dan McArdle, Asymmetric Capital founder Dan Held, Hacken CEO Dyma, Sky Mavis CEO Trung and CTO Andy, and Kyber Network founder Loi Luu, among others, joined in capitalizing the round.
Bitlayer’s seed round was delivered soaring value-add support from ecosystem partners including Hacken, AWS Cloud, Ankr, Polyhedra, Babylon, Particle Network, Meson, Nubit, BitSmiley, TokenPocket, Xverse, Flash Protocol, Umoja.xyz, RunesTerminal, and more.
The Bitlayer Network
Bitlayer is the first Bitcoin Layer 2 network based on BitVM, offering Bitcoin-equivalent security and Turing completeness. The protocol aims to build a more scalable and interconnected Bitcoin ecosystem.
The securing of new capital pushes Bitlayer’s lead in paving the way for more Bitcoin Layer 2 use cases, a race that will propel Bitcoin to prevail over other blockchains in size, scalability, and security. The fund will also enable Bitlayer to grow its team by hiring across business development and engineering faculties to support global expansion efforts.
Investment firms are increasingly optimistic about the Bitcoin ecosystem as Bitlayer is rapidly gaining prominence, capturing the industry’s attention.
Investor Remarks
Roy Learner, partner at Framework Ventures, spoke on the augmentation of Bitlayer with BitVM: “We are excited to back Bitlayer as they launch the first Bitcoin Layer 2 network based on BitVM. Looking at the trade-off space, BitVM struck us as the most practical approach to bring scalability and expressiveness into the BTC ecosystem without sacrificing security. With over $1T of global wealth looking to productively utilize their BTC, Bitlayer opens up the design space to introduce novel DeFi use cases and applications. Led by a team of OGs, we’ve been impressed by Kevin and Charlie’s blend of deep technical background and rich crypto experience and are excited to partner with them as they deliver on their vision of making Bitcoin a more productive asset.”
Qiao Wang, co-founder of Alliance DAO, emphasized the future of Bitlayer and Bitcoin L2s in the emerging era: “I spent the vast majority of my intellectual, social, and financial capital in the Ethereum ecosystem in the last decade, but deep down I’ve always been a Bitcoiner. The possibility to enhance Bitcoin’s expressiveness and scalability via L2s such as Bitlayer is the most exciting moment in the history of Bitcoin. That is because there’s over $1T of wealth stored on Bitcoin, and the holders would want to do something productive with it. Greater expressiveness and scalability enable this. Bitlayer is one of the most experienced, passionate, and technically capable teams to tackle this problem.”
In the midst of building Bitlayer, co-founder Charlie Hu shared his thoughts on the protocol’s milestone: “This support signifies investors’ and builders’ trust in Bitlayer and the team, and demonstrates a robust backing for the Bitcoin ecosystem and the future of Bitcoin DeFi at large.”
Bitlayer ventures into the future of Bitcoin with newly supplied capital, anticipating a rush of development activity and investor interest in the Bitcoin Layer 2 space.
“Bitlayer is dedicated to bringing super scalability into the Bitcoin ecosystem, with hundreds of millions of potential users as an addressable market,” said Kevin He, co-founder of Bitlayer. “We’ve created the best, easiest-to-use scalability product in order to give users better fee rates and faster actions, all based on Bitcoin’s security foundation.”
With the approach of the Bitcoin halving event, the need for a robust Bitcoin ecosystem becomes more important than ever. Bitlayer’s exacting design and rigorous security auditing in preparation for public mainnet launch primes the protocol for a flourishing builder ecosystem. Mainnet launches on April 5th, with more milestones arriving soon on the project’s development pipeline.
Ready Player One– Ecosystem Incentive Program
To accelerate ecosystem development and incentivize projects to deploy on the Bitlayer mainnet, Bitlayer is launching a series of ecosystem incentive programs– starting with the first event, Ready Player One.
The campaign is an open incentive program designed to distribute token rewards valued at over $50M to protocols and teams that deploy to the Bitlayer mainnet and demonstrate exceptional performance. Bitlayer’s growth is accelerating, urging strong projects to join its ecosystem to grow the protocol in exponential ways.
Bitlayer commits to providing comprehensive ecosystem support for all projects, offering the following resources to builders:
- Potential investment from the foundation and institutions
- Initial liquidity support
- Comprehensive product development resources
- Mentorship and pitch opportunities from top-tier incubators
- Support from the Bitcoin community and OGs
- Ecosystem collaboration and co-creation
Users can find the full article here for more information.
About Bitlayer
Bitlayer is the first Bitcoin Layer 2 network based on BitVM, offering Bitcoin-equivalent security and Turing-completeness. Bitlayer is committed to becoming the computation layer for Bitcoin. It introduces ultra-scalability and inherits Bitcoin’s L1 security, providing users with high throughput and a low-cost transaction experience.
More on Bitlayer:
Website | Twitter | Discord | Medium | Github
Contact
Digital Marketing Manager
Sky Harris
Bitlayer
skyler@bitlayer.org
Dubai, United Arab Emirates, April 2nd, 2024, Chainwire
Following the integration, users will be able to natively manage their BTC on any rollup in the Avail ecosystem without relinquishing control over their digital assets
Avail, a modular blockchain solution designed to unify Web3 and optimize data availability (DA) for highly scalable and customizable applications, has partnered with dWallet Network, a pioneering non-collusive, decentralized multi-chain layer, to bring programmable native Bitcoin to rollups in the Avail ecosystem.
Leveraging the newly unveiled dWallet primitive, smart contracts using rollups built on Avail DA will be able to programmatically manage native BTC for the first time while preserving user ownership. This marks a paradigm shift from emerging Bitcoin L2 solutions that predominantly rely on collusive and often risky cross-chain solutions, such as bridges, where the user must sacrifice ownership of their BTC.
“Allowing BTC to be used programmatically on other blockchains via a trust-minimized approach is a clever approach to increasing BTC adoption.” said Anurag Arjun, co-founder Avail. “Together with dWallet, we can enable Layer-2 chains or rollups on top of the Bitcoin network. Bitcoin represents a superb base layer from the DA perspective, with the highest security available in the ecosystem. As a result, the dWallet integration will enable users to leverage arbitrary execution and logic to secure their BTC via a decentralized multiparty computation (MPC) solution.”
In essence, the collaboration aims to harness dWallet’s MPC infrastructure to enhance Bitcoin’s capabilities by enabling the creation of native bitcoin rollups — ushering in more efficient and secure transactions and operations on the Bitcoin blockchain and supporting a wider range of functionalities beyond simple transactions.
The integration with the dWallet Network, coupled with the ability to control dWallets from a smart contract on any Avail rollup, was made possible through Avail Nexus, a zero-knowledge coordination rollup embedding validity-proof based light clients and execution proof aggregation. This pivotal move towards the unification of Web3 will also enable developers to power Avail Fusion’s borrowed security from native assets of the most mature ecosystems, including BTC, ETH, and others.
Furthermore, the dWallet Network integration will facilitate the Fusion Security model when it goes live, empowering users to securely hold their BTC, ETH, or other assets in dWallets and stake them to bolster the safety of the Avail ecosystem, all while maintaining ownership of their native assets. This introduces the first native multi-chain staking/restaking solution aimed at securing the consensus of a different blockchain.
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.
dWallet technology allows a Solidity smart contract on an Avail rollup to create Bitcoin signatures and enables developers to manage a dWallet. Meanwhile, the dWallet Network mandates approval from the Avail rollup smart contract for logic enforcement, requiring users to finalize the signature to prevent collusion and asset theft. Whether for Web3 applications in custody, DeFi, DAOs, gaming, or other domains, any protocol on an Avail rollup can leverage dWallets for enhanced functionality and secure interoperability.
“We are excited to team up with Avail because our visions of a unified Web3 have so much in common, with both companies striving to bring countless disparate ecosystems together,” noted Omer Sadika, co-founder of dWallet Network. “We firmly believe that the future of Web3 is multi-chain, not cross-chain, and together with Avail, we will continue to work tirelessly on making this vision a reality.”
This latest integration aligns perfectly with Avail’s mission to unify Web3, for which it’s already employing a comprehensive full-stack architecture that comprises three innovative solutions — DA, Nexus, and Fusion Security — to help usher in the rollup future and solve the growing scalability pains of the blockchain industry.
Avail DA stands as the initial cornerstone element of the Avail trinity, offering expansive blobspace for rollup developers and serving as a foundational layer for a diverse and vibrant ecosystem of rollups. Avail Nexus, aimed at unifying the ecosystem beyond the blockchains built atop Avail’s DA layer, employs Avail DA as the trust anchor for ecosystem-wide coordination.
Lastly, Fusion Security will offer additional protection to an expanding network of rollups and blockchains, thus enhancing Avail’s consensus mechanism. Supercharging the Avail trinity with dWallets accelerates the unification of Web3, addresses issues of fragmentation, and paves the way for a completely integrated, secure, and native experience across all Web3 ecosystems.
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.
For more information, users can visit: https://dwallet.io/
About Avail
Avail is building a unification layer to solve rollup fragmentation and scalability. Avail addresses this from first principles with its three phase roadmap, the Avail Trinity. Starting with Avail DA, the validity proven data availability layer that scales with demand, followed by Nexus for permissionless unification, and Fusion for shared security. Blockchain and rollup developers can submit transaction data to Avail DA today and inherit the security and benefits of Avail’s KZG commitments and light clients with data availability sampling. Start building today, because the unification of web3 is coming!
For more information, users can visit: https://www.availproject.org/
Contact
Siva Sagiraju
Marketing lead
dWallet Network
siva@dwalletlabs.com
Dubai, United Arab Emirates, April 2nd, 2024, Chainwire
The highly anticipated Blockchain Life Forum 2024 is set to take place in the vibrant city of Dubai on April 15-16. Welcoming industry professionals and crypto enthusiasts from around the world, this legendary event promises to be an unforgettable experience.
This time, the central topic of the forum will be how to read the crypto market and find good opportunities to invest during the Bull Run, which has already begun. Forum speakers and attendees will share analytics and experience, as well as their recommendations on which coins to buy and sell, which coins have good potential, and which ones are better to avoid investing in.
More than 8,000 people from more than 120 countries take part in the grand event.
Those who are interested can learn more and buy a ticket here: https://blockchain-life.com
Confirmed speakers include top figures in the global crypto market such as:
- Justin Sun (Founder of TRON, Member of the HTX Global Advisory Board)
- Sergei Khitrov (Founder of Listing.Help, Jets.Capital and Blockchain Life)
- Rachel Conlan (CMO of Binance)
- Paolo Ardoino (CEO of Tether, CTO of Bitfinex)
- Stephan Lutz (CEO and CFO of BitMEX)
- Yat Siu (Co-Founder of Animoca Brands)
- Dominic Williams (Founder and Chief Scientist of DFINITY (ICP))
- Ben Goertzel (CEO of SingularityNET)
- Xinxi Wang (Co-Founder of Litecoin Foundation)
- Andrei Grachev (Managing partner of DWF Labs)
- and over 100 other speakers
For a grand conclusion of the event, VIP ticket holders and forum speakers will have the exclusive opportunity to attend the main crypto party of 2024 – the legendary Blockchain Life AfterParty.
The special guest at the AfterParty is the globally renowned hitmaker, Alan Walker, who will be performing an amazing live concert.
The excitement continues as, from April 13-21, the crypto community can immerse themselves in the fantastic Blockchain Life Week, a period filled with exciting parties and events organized by various industry companies.
A VIP ticket to Blockchain Life 2024 allows for free access to some of those events in order to achieve a new level of networking experience.
Users can buy tickets with a promo code “Chainwire” and make the most of the current Bull Run: https://blockchain-life.com
Contact
Maria De
https://blockchain-life.com/asia/en/
info@blockchain-life.com
047011111
Hong Kong, Hong Kong, April 2nd, 2024, Chainwire
Moongate announces the closing of a $2.7M Seed round to develop a Modular Web3 Engagement Layer for Real-World Activations. Backed by its success in disrupting the ticketing industry, the company aims to expand its reach into other sectors to transform interactive experiences using blockchain and AI.
The funding round was led by CMCC Global’s Titan Fund, with participation from Token Bay Capital, Penrose Ventures, RNR Capital, Cogitent Ventures, GBV Capital, PHD Capital, and notable angel investors from Coingecko, Synthetix, and Dolphin Browser. The team also received ecosystem grants and support from Arbitrum, Polygon, Avalanche, and BNB Chain.
“We are thrilled to have the backing of our investors as we continue to build out our modular Web3 engagement layer. This funding will accelerate our product development and further our mission of driving meaningful Web3 adoption across various industries,” said Jonathan Mui, Founder and CEO of Moongate, expressing his excitement for the investor support.
Shiau Sin Yen, Co-founder and Managing Partner of CMCC Global’s Titan Fund, affirmed Moongate’s potential: “Moongate is at the forefront of driving real-world adoption of Web3 technologies. Their approach to creating a modular Web3 engagement layer will unlock significant value for brands and consumers. The founders’ drive and commitment, along with their achievements in the ticketing industry, illustrate their potential. We’re excited to support the team as they bring Web3 to the next few hundred million people.”
Over 100,000 Active Users for Flagship Decentralized Ticketing and Membership Platform
Moongate has already made significant strides with its flagship product, a decentralized ticketing and membership platform. By transforming real-world assets and experiences into immutable digital tokens on the blockchain, it allows brands to establish direct, authenticated channels with their fans, fostering deeper relationships and unlocking opportunities for personalized experiences, exclusive content, and loyalty programs.
The company boasts an active user base exceeding 100,000 individuals, with major enterprise customers successfully implementing the solution. Notable clients include Wonderfruit, one of Southeast Asia’s largest music festivals, ComplexCon, a globally renowned cultural conference by Complex, and Siam Piwat, a major conglomerate in Thailand with over $1.5 billion in annual revenue. Moongate has also secured long-term service contracts with leading Web3 platforms, including Binance and Avalanche, as well as with major regional crypto conferences across more than 30 countries. Building upon its success, Moongate plans to introduce new feature sets to disrupt adjacent industry segments.
Experience Web3 Engagement through the #MoonFarmer Campaign
To showcase the potential of its Web3 engagement layer, Moongate has unveiled the #MoonFarmer campaign. This initiative is designed to incentivize users and creators by rewarding them with points for engaging in various tasks on the platform, fostering creativity, ownership, and community participation on-chain.
The company is committed to providing the utility and connectivity required for the next generation of Web3 experiences. The highly anticipated early access to the private beta is scheduled to roll out this week, leading up to the public launch. Further details about the campaign can be found in the linked post.
As Moongate continues to innovate and expand its offerings, the company remains dedicated to its mission of driving meaningful Web3 adoption across various industries. With the support of its investors and the success of its flagship product, Moongate is well-positioned to revolutionize the way brands and consumers interact in the digital age.
For media enquiries, users can contact:
Jonathan Mui: jon@moongate.id
About Moongate
Moongate is building a Modular Web3 Engagement Layer for Real-World Activations, abstracting the complexity of blockchain to record real-world experiences on-chain. This allows users to create a ‘phygital’ passport to unlock various rewards, access, and communities tied to their omni-channel profiles. The company’s flagship product, a decentralized ticketing platform, has already demonstrated significant traction, with an active user base of more than 100,000 individuals and successful partnerships with major enterprises such as Binance, Avalanche, Wonderfruit, ItsTheShip, Token2049, Siam Piwat, and many more across 30+ countries. Backed by its success, Moongate aims to expand its reach into other sectors to transform interactive experiences using blockchain and AI technologies.
To learn more users can visit Moongate’s Official Website | Twitter | LinkedIn
About Titan Fund
Titan Fund offers accredited investors exposure to attractive growth opportunities within the blockchain ecosystem through a traditional equity venture capital investment strategy focusing on seed to series A companies along the key investment verticals of Infrastructure, Fintech and Consumer. The Titan Fund is CMCC Global’s latest fund strategy and complements its Digital Asset Funds, which have been investing directly into protocols and crypto assets since 2016, and its SYZCrest fund of funds that invests into crypto quant funds.
To learn more users can visit Titan Fund Official Website
Contact
CEO
Jonathan Mui
Moongate
jon@moongate.id
Grand Cayman, Cayman Islands, April 1st, 2024, Chainwire
Quick Take
- BSX, backed by Base Ecosystem Fund, is set to raise the bar as the world’s foremost premier, high-performance decentralized exchange, offering an enhanced DeFi trading experience that provides the best of both worlds by merging the benefits of centralized exchanges with the self-custody features of decentralized exchanges.
- BSX will begin trading on Base L2 Mainnet Alpha on April 1, 2024.
Following the conclusion of its Public Testnet trading phase in Q1, BSX – the new standard in premier, high-performance decentralized exchanges (DEXs) – is set to begin trading on the Base L2 Mainnet Alpha on April 1, 2024.
BSX is backed by a number of notable investors, including Base Ecosystem Fund, Bankless Ventures, CMS Holdings, No Limit Holdings, Saison Capital, Kyros Ventures, WW Ventures, among others. BSX is also being advised by Arthur Hayes, the founder and CIO of Maelstrom and the co-founder of BitMEX.
BSX aims to provide the ultimate DeFi trading experience, combining the liquidity, premium UX and user-friendly features of centralized exchanges (CEXs) with the pricing and self-custody features of (DEXs). By utilizing the Base network, BSX provides lightning quick transactions and inexpensive trading fees while ensuring transparency and accuracy through on-chain settlements.
BSX also streamlines the interface and flow for retail traders, who can conveniently connect their existing wallets, enable one-click trading, and securely execute trades on-chain. BSX users will be able to access a wide range of crypto products, including perpetuals, spot, and more, all in one place.
Core product offerings:
- Low-gas Trading: Base’s transaction costs are minimal and highly optimized, enabling near gas-free settlements. This makes the total trading costs comparable to CEXs.
- Unrivaled Performance: Our high-performance trading engine provides extremely low latency and instant, guaranteed execution. Coupled with our one-click instant trading feature, it offers an experience akin to, if not better than, CEX trading.
- Self-custody and Transparency: By settling all trades on-chain, BSX ensures you have full control over your funds without any hidden counterparty risks. Your keys, your coins.
- API Integrations: BSX’s Delegated Keys feature simplifies the use of external trading terminals without exposing your private keys or relinquishing custody of your funds.
BSX initiated its Private Testnet in November 2023 – welcoming early adopters from an extensive waitlist of 80,000 members – and its Public Testnet in January 2024 included 5,000 traders, who contributed to a robust total trading volume of $5B during the period.
BSX is positioned to compete with leading centralized exchanges like Binance and OKX, with crypto perpetuals trading in April, followed by other products later this year. Visit bsx.exchange to trade and participate in the upcoming exciting rewards program for new traders and/or go to the following:
Discord community: https://discord.gg/FWdPe5Vgjr
Twitter: https://twitter.com/bsx_labs
Public docs: https://docs.bsx.exchange/bsx-docs
Contact
Core Contributor
Henry N
BSX Protocol Foundation
team@bsx.exchange
The TON (The Open Network) ecosystem is rapidly becoming a pivotal force in the cryptocurrency domain, attracting a wide range of developers and investors due to its burgeoning growth and innovative capabilities. Originally envisioned by Pavel Durov for use with Telegram, TON has since morphed into a powerful, scalable network known for its swift transactions and intuitive applications. This piece highlights five cryptocurrencies within the TON ecosystem poised for noteworthy expansion.
1. Gramcoin (GRAM): The Premier Choice
Potential for growth: Significant
Within the Telegram community, Gramcoin, or GRAM, has carved out a niche for itself, thanks to its innovative approach to mining. Unlike traditional methods, GRAM allows for mining via video cards using Givers — specialized smart contracts that assign computational tasks. This process rewards miners in a manner akin to the Bitcoin protocol but without necessitating the use of costly ASIC hardware. This decentralized mining strategy ensures inclusivity, allowing individuals with video cards to participate, ultimately leading to a more equitable distribution of tokens.
The GRAM community has swelled to include tens of thousands of enthusiasts, drawn by its open and decentralized model. Within this community, many see GRAM as the potential successor to Bitcoin, capable of following in Bitcoin’s pioneering footsteps within the world of digital currencies. While both cryptocurrencies offer fast and cost-effective money transfers, GRAM, operating on the high-performance TON blockchain, sets itself apart with its instant transactions, accessibility to mining, and inclusive nature. GRAM mining only requires a video card and a simple software setup, making it accessible to any user. In contrast, Bitcoin mining now requires substantial initial capital, limiting participation to investors with significant resources.
Within the TON ecosystem, GRAM trades actively on a number of decentralized platforms, including STON.fi, Ton Diamonds, DeDust, and the Cryptorg bot on Telegram. Since its launch in January, GRAM’s valuation has soared by 28,000 times, with its user base expanding to over 30,000 in just a couple of months. With rumors of potential listings on major exchanges swirling within the project’s Telegram group, the GRAM community is abuzz with anticipation for what the future holds. Keen observers have noted significant GRAM token transfers, including transactions of over a million units to wallets linked with MEXC and OKX exchanges.
2. Notcoin (NOT): The Viral Sensation of the TON Ecosystem
Potential for growth: Moderate
NOT, a meme coin originating from the Notcoin clicker game within the TON ecosystem, has experienced a remarkable surge in popularity among cryptocurrency enthusiasts during the winter season. This surge can be attributed to the widespread distribution of free giveaways. As of mid-March 2024, the Notcoin community boasts an impressive user base of over 30 million people on Telegram, with 5 million users actively engaging with the platform on a daily basis.
The game itself is straightforward and integrated directly into Telegram chats, requiring players to simply tap on the Notcoin symbol to earn coins with each press. However, the game introduces a strategic element by limiting the energy available for clicking; it depletes with each tap but gradually regenerates over time, preventing endless clicking. Players can also acquire NOTs through various activities such as participating in specific Telegram groups or channels, using referral links to invite friends, and advancing these friends to higher tiers within the game. An exclusive offer of 50,000 Notcoins was available to Telegram Premium subscribers, but as of April 1, 2024, the Notcoin team announced they would cease the “mining” process of the coin, a decision shared by the Web3 gaming project.
In an interesting twist, NOT has established a friendly relationship with the GRAM project. The creator of NOT holds GRAM tokens and has organized competitions rewarding winners with GRAM tokens. This collaboration highlights the strong sense of community and shared objectives among supporters of these projects.
3. STON.fi (STON): The Premier DEX within TON
Potential for growth: Above Average
STON.fi stands as a pivotal decentralized exchange (DEX) within the TON ecosystem, operating on an innovative automated market maker (AMM) model. Established in 2022, it utilizes request-for-quote (RFQ) mechanisms and hashed time-locked contracts (HTLC) for seamless cross-chain swaps, positioning itself as a technological frontrunner in facilitating secure and efficient trading.
With a daily trading volume reaching $7 million, STON.fi not only showcases the vibrant activity within the TON ecosystem but also signifies the trust and reliance traders place in its infrastructure. This figure, one of the highest among emerging TON-based platforms, indicates a robust and growing interest in TON’s offerings.
STON.fi’s growth potential is rated above average, buoyed by the TON ecosystem’s expanding user base and the intrinsic value of its technological foundation. The STON token, integral to protocol governance and voting through long-term bets, has seen a remarkable six-fold increase in value from February to March 2024, peaking at $18. This growth trajectory underscores STON.fi’s solid market position and its pivotal role in shaping the future of decentralized finance (DeFi) within the TON ecosystem.
4. DeFinder Innovations (DFI): Pioneering the TON Ecosystem Landscape
Potential for growth: Moderate
DeFinder Innovations (DFI) stands as a comprehensive initiative within the TON ecosystem, showcasing a diverse array of products including the ARBUZ gaming experience with ongoing coin rewards, the DeWallet virtual wallet, the DeFinder Innovations Fund, ArrakenPlanet agricultural simulation game, and a groundbreaking TON-based betting platform. These varied offerings aim to meet a wide range of user preferences, spanning entertainment, financial management, and investment avenues.
DFI is on a mission to emerge as the leading community within the TON ecosystem by addressing gaps in services and product offerings and enhancing TON’s appeal through active user involvement. DeFinder Innovations seeks to unify different facets of the cryptocurrency community, fostering a cohesive environment. This goal is facilitated by the strategic use of the DFI token for ecosystem governance, employing a decentralized autonomous organization (DAO) model to distribute tokens from a communal pool to engage and incentivize participation.
With its moderate growth potential, DFI’s innovative ecosystem and broad service portfolio set it up as a key contender in the TON arena. The initiative has attracted attention and support from the TON Foundation, highlighted by a significant $20,000 donation from the foundation’s leader to DeFinder’s wallet. Furthermore, DFI’s trading value has seen an extraordinary rise of 1440% since December 2023, illustrating a promising path towards realizing its lofty ambitions.
TonUp (TONUP): Catalyzing Project Launches
Potential for growth: Moderate
TonUp operates as an essential catalyst within The Open Network (TON), dedicated to promoting new project launches by providing necessary funding and liquidity. As a foundational element of TON’s project incubation framework, TonUp plays a crucial role in encouraging innovation and contributing to the ecosystem’s growth.
To safeguard and potentially enhance the value of its tokens, TonUp adopts a methodical approach involving regular token redemptions and destructions, effectively diminishing the total supply in circulation. This strategy aims to not only stabilize but also increment the value of TonUP tokens, instilling additional confidence among investors regarding the platform’s future prospects.
TonUP has showcased remarkable performance, with its token value experiencing a 180% increase within a month, peaking at $1.2 on March 25. This surge reflects strong investor trust and market demand for what TonUp has to offer. With its strategic approach to token management and its status as an incubator, TonUP exhibits moderate growth potential, marking it as an instrumental entity in attracting further innovation and investment to the TON ecosystem.
Synergizing Leading TON Initiatives
Examining these five cryptocurrencies unveils their critical contributions and potential within the TON ecosystem. Each project brings unique solutions and strategic visions to the table, enhancing TON’s vibrancy and innovation capacity. From GRAM’s commitment to decentralization to NOT’s captivating gameplay, DFI’s community-centric approach, STON.fi’s trailblazing DEX model, and TONUP’s facilitative role in project launches, these endeavors collectively highlight the expansive opportunities for growth and innovation in The Open Network. As they evolve and broaden their influence, their combined efforts are set to redefine the future of blockchain technology and decentralized finance.
Santa Clara, US, March 28th, 2024, Chainwire
CARV, the modular data layer for gaming and AI, today announces the final approval of ERC-7231 – the protocol that establishes a revolutionary system of data self-sovereignty, empowering users to possess, manage, and contribute their information to both AI systems and data consumers, thereby enabling the equitable sharing of generated value.
Ethereum Community greenlighting the standard is a major step in bridging disparate digital identities and enabling users to own their online history, relationships, and experiences across platforms.
ERC-7231 binds multiple Web2 and Web3 identities to a single non-fungible token (NFT) and achieves encrypted aggregation of multi-domain identity data. The result is an “identity of identities” that enables self-authentication, social overlapping, and commercial value generation from targeted user data.
“At long last, this solution breaks down identity silos, rewrites the rules of data ownership, and lays the foundation for a user-owned internet where individuals can have an equitable share in value distribution,” said CARV Co-Founder Victor Yu.
ERC-7231 offers three important benefits at the dawn of Web3. First, the protocol’s integration with account abstraction wallets makes Web2 and Web3 onboarding (and therefore adoption) easier. Second, uniting multiple identities under one banner enables greater interoperability between different platforms and services. Third, users exercise unprecedented control over their data to decide how it’s used. If they opt to share this data, for example, users can passively earn whenever brands leverage their on-chain and off-chain identity information.
Case in point: CARV ID is integrated with the standard and already empowering users to manage their digital presence across the gaming universe with ease and confidence. More than 900,000 CARV ID holders are playing their favorite games and earning rewards across CARV’s comprehensive ecosystem, which spans from its foundational data stack, its gaming-focused application layer, to the increasing list of games integrated with CARV ID. CARV has also developed an AI Agent in house, where more nuanced data can be scrapped in a privacy-preserving way and attributed to CARV ID. Entities building on CARV’s modular data layer, such as MARBLEX which recently just announced their strategic partnership with CARV, can tap into this rich data source for game and AI development. ERC-7231 is “the key to stringing everything together,” said Yu.
Understanding gamers today is increasingly difficult due to app tracking changes (IDFA) and shifting privacy regulations (CCPA). With ERC-7231, users can not only aggregate, own, and control their identities, but gaming and AI companies can leverage this zero- and first-party data to create customized experiences and more accurately target gamers.
For example, according to the company, improved user acquisition was the aim of Electronic Arts and its latest game, EA Sports FC Tactical, in Indonesia. Utilizing CARV as one of the primary channels for user acquisition, EA recently recruited Indonesian gamers for the beta test at a lower Cost Per Install (CPI) than traditional channels. Better yet, the game can better understand each gamer and their history thanks to ERC-7231’s aggregated data from multiple gaming accounts.
“Backed by this standard, brands can shift and shape their offering with quality and compliant data, and users can share in the value creation from this information. We welcome all user identity solutions to adopt ERC-7231 and usher in a new age of identity-aggregated NFTs,” said Yu.
About CARV
CARV is the largest modular data layer for gaming and AI, revolutionizing how data is used and shared. CARV ensures privacy, ownership, and control are firmly in the hands of individuals and provides gaming and AI development with holistic and high-quality data reinforced with human feedback in a regulatory-compliant, trustless way. To pioneer a future where data generates value for all, CARV has built CARV Protocol, the modular data layer integrated with 40+ chain ecosystems, and CARV Play, its flagship gaming superapp. CARV has more than 2.5 million registered users and 700 integrated games.
For more information users can visit here or stay in the loop here.
Contact
Cofounder & COO
Victor Y.
CARV
vito@carv.io
London, United Kingdom, March 28th, 2024, Chainwire
MetaWin, the trailblazing platform for on-chain prize competitions, is delighted to announce the incorporation of the Base and Arbitrum Layer 2 (L2) blockchain networks into its on-site swap feature.
This ground-breaking update represents a significant milestone in MetaWin’s quest to deliver an unmatched gaming experience, offering faster transactions and substantially reduced fees for its users. By embracing the capabilities of the Base and Arbitrum L2 chains, MetaWin not only improves its platform’s efficiency but also solidifies its position as an innovator in the blockchain gaming industry.
The integration enables users to effortlessly deposit and withdraw funds on either chain or across chains, providing the flexibility to select the preferred network for receiving winnings. Transaction times have been dramatically slashed to just 2 seconds for inbound swaps and 20 seconds for outbound swaps, paired with gas fees as low as half a cent USD for swapping (theoretically) an unlimited amount.
The introduction of Base and Arbitrum L2 support signifies more than just an upgrade; it heralds a revolution. MetaWin takes pride in leading this innovation charge, offering a more accessible, affordable, and faster gaming experience. By mitigating the barriers associated with high transaction costs and slow processing times, MetaWin not only expands its user base but also fortifies the blockchain ecosystem.
“We are excited to lead the way in leveraging the latest blockchain technology to benefit our users,” said Rebecca Hanwell, Operations Manager at MetaWin. “The integration of Base and Arbitrum L2 chains underscores our commitment to innovation and our vision for a future where blockchain gaming is mainstream, accessible, and affordable for everyone. Given the remarkable results observed here, we will continue to integrate the remaining Layer 2 chains.”
This strategic update aligns with MetaWin’s ongoing endeavour to democratize access to on-chain prize competitions, ensuring that players worldwide can participate without the burden of exorbitant fees or sluggish transaction speeds. The decentralized competitions will also transition to leverage the L2 chains as early as next week.
As MetaWin continues to push the boundaries of what’s achievable in blockchain gaming, it remains steadfast in providing a secure, transparent, and efficient platform for its global community.
Users can try the new swap system by connecting their Web3 wallet to MetaWin
About MetaWin
MetaWin is the premier platform for on-chain prize competitions and instant win games, offering a diverse range of entertaining challenges for users to enjoy. By harnessing cutting-edge blockchain technology, MetaWin provides a transparent, fair, and secure gaming environment, making it the go-to destination for blockchain enthusiasts and gamers alike.
For more information about MetaWin and its latest integration, please visit www.Metawin.com
Follow us on social media:
https://www.instagram.com/metawin.eth/
Join our community:
https://t.me/metawinlfg
https://discord.com/invite/the-arena
Contact
PR Team
Metawin
press@metawin.inc
BetFury has recently taken another step towards developing its crypto ecosystem. The platform has introduced Futures with up to an x1000 multiplier. Every trader can earn top crypto with low fees and even get trading discounts. Besides, BetFury has created FuryWaves – a betting game based on Futures. It’s implemented on a randomizer and allows you to combine earnings with fun. Discover how you can get real crypto by predicting price movements.
Try BetFury Futures With x1000 Multiplier
What’s Unique in Futures on BetFury?
At first glance, BetFury Futures is a classic feature for predicting price growth or decline. However, several features set it apart from other market offerings.
- Trading with x1000 Multiplier: high leverages multiply crypto up to a thousand times.
- Lower Commissions: minimum costs for fees affect income maximization.
- Up to 60% Fee Discount for BFG Holders: having native BetFury tokens allows you to save on commission while trading Futures.
- Quick Deposit Boost: users can deposit low amounts and withdraw increased amounts, choosing the highest x1000 multiplier and the right trading strategy.
- Create Your Own Futures Strategy: following personal vision and technique may maximize profits and minimize risks.
How Do BetFury Futures Work?
Success in trading depends not only on knowledge but also on the right tool and approach. BetFury offers four currencies for trading: BTC, ETH, BNB, and XRP. Their price is formed from external exchange resources and is highly accurate since the platform algorithms update it in real time every 500 milliseconds. To open a Futures position, specify the currency, wager, multiplier, type of commission, and price direction (up or down). You can choose Flat or PnL commissions, which are pretty low and suitable for different situations. You will win if you predict the exchange rate correctly. Liquidation and closing a position occurs when you mispredict price movements.
Why FuryWaves is a New Look at Trading?
To expand Futures trading tools, BetFury has released FuryWaves. It’s a special Original game with trading elements. The main difference from the default Futures is the price formation. Instead of constantly updating exchange prices, FuryWaves uses a randomizer with the SHA-256 algorithm. Thus, each next price move will shift by a random value in a random direction. The fairness of this method can be easily proved through a session hash.
What are the main aspects that can be highlighted when playing FuryWaves?
- Each trading session lasts 24 hours and has up to 172,800 ticks.
- One tick occurs every 500 milliseconds.
- New trading sessions start at an initial price of $1,000.
- At the end of each session, all open positions are closed using a current PNL.
- FuryWaves allows you to place bets in USDT and USDC.
Therefore, FuryWaves is an exciting betting game with unique features. It complements the variety of Original games on BetFury, simulating the trading experience with an entertaining method. Perhaps this system with randomly generated price moves will become more popular and help many gamers master crypto tools like Futures.
Conclusion
Futures on BetFury represent a lucrative tool blending betting dynamics with the precision of trading. It caters perfectly to skilled traders seeking a novel trading experience. BetFury demonstrated a striking example of Futures with real crypto rewards, convenient usage, and an additional trading tool in the form of an Original game — FuryWaves. These groundbreaking products are reshaping the industry landscape, offering fresh air for traders seeking to enrich their experience and crypto incomings. Embrace this new era of crypto earnings with BetFury and experience a new dimension of trading excitement!
About BetFury
BetFury is an established ecosystem with crypto-earning features, iGaming, and Sports betting. The platform has a global community of 2M+ users for over four years of progress.
Multiple crypto-staking options are available on BetFury for users who prioritize competitive rewards and leading tokens for earning, such as BTC, ETH, USDT, and BNB. There is Crypto Staking with up to 130% APR and flexible conditions.
When you sign up on BetFury, you receive a Welcome Pack with up to $10 500 Deposit Bonuses and 275 Free Spins. If you prefer a team approach to gaining rewards, you can join a Referral Program. The referrer gets a $1,500 bonus and a 30% commission for his referral’s activity with an opportunity for reward. You can access all these crypto features directly on the BetFury website or use its Telegram Bot for faster platform access and boosted rewards.
London, United Kingdom, March 28th, 2024, Chainwire
Metacade, the revolutionary Web3 gaming platform, prepares to streak out of beta with a slew of ground-breaking initiatives that will redefine the way blockchain games are developed.
CEO, Russell Bennett, forecasts a series of landmark announcements across Q2 and Q3, 2024. Commencing with the appointment of an advisory board. Jamie King, Dan Hibell, Elly Bradbury, and Anders Christiansen combine premium Web2-Web3 commercial nous to spearhead Metacade’s expansion across Talent, Product, Utility, and Engagement.
As blockchain games gear up to embrace one billion players, Metacade will mobilize advancements in game development. Fostering stronger bonds between games and experienced Web3 players, through immersive tournaments designed to improve gameplay.
During beta, Metacade experienced high demand for this innovative approach. “Over 60 partners joined the Metacade ecosystem in a few months. It’s evidence that games and gamers seek deeper connection,” notes newly appointed advisor Jamie King, co-founder of Rockstar Games. “Metacade’s commitment to transform tournaments into a multi-asset environment adds substantial value, offering hyper utility for holders and gamers alike. It’s a big vision, focused beyond a single cycle and I’m looking forward to guiding it.”
Proflic angel investor and Web 3 guild expert, Dan Hibell adds, “For Web3 gaming to reach mainstream adoption we have to address accessibility and usability. Gamers don’t want to pay outrageous prices for an item or wait for a node validator to process a transaction before getting their seasonal cosmetic item. Metacade exists to help builders improve these Web3 issues, the infrastructure use case is needed industry-wide.”
Metacade’s test-play tournament model is already proving successful, attracting a fast-growing community of seasoned Web3 gamers chasing rewards for early-stage feedback. “Community is the most under-valued business asset,” says former Director, Columbia Tristar and seasoned Web3 marketing advisor, Elly Bradbury. “Die-hard communities are built on value add experiences, where belonging is about believing. Metacade has invested in all the right early-stage community layers, building a super fan OG culture showing all the hallmarks of explosive brand growth.”
Next stage platform developments draw on partner insights. “Metacade is already booming,” said Bennett. “We have a thriving partner ecosystem with shared values. It’s clear our best shot at backing winners is to innovate frictionless blockchain infrastructure so that our partners can do what they do best; create and innovate.”
To meet this expansion, Metacade’s team will be strategically shaped by leading Web3 recruiter and business development expert, Anders Christiansen. With a proven track record, Christiansen has facilitated 100+ c-suite placements across the industry through his previous business Priority Crypto.
“Metacade’s novel business plan will depend on forward-thinking people with multi-disciplined experience. I’m excited to bring those leading minds to Metacade.”
About METACADE:
Metacade is a seamless Web3 Gaming platform connecting developers and players through plug-and-play community initiatives. Providing an unfair advantage through early access, dev-player collaborations, and financial rewards.
Contact
Elly Bradbury
Metacade
marketing@metacade.co