London, United Kingdom, March 15th, 2024, Chainwire
With over $11.5 million already raised in under 30 days, Bitcoin Dogs’ buying is now entering its final 24 hours of its presale.
News of the first ICO on the Bitcoin Blockchain have been circulating online, resulting in extensive coverage in the media, and with both the game beta and the 10,000-strong NFT collection due for release in Q2, the team behind the project has set a rapid pace.
The final token price is $0.0404 and reflects the last pricing tranche, which is 169% higher for those who bought in stage 1 of the presale.
Bitcoin Dogs: The V8 Under the Hood
Put simply, Bitcoin Dogs is an NFT collection and a PVP game, with a carefully thought of unique concept.
Not only does it take inspiration from some of the most successful gaming projects we’ve seen (Axie Infinity, Xpet, and Bitcoin Cats), but it has also similar characteristics that saw historic prices from NFT collections like BAYC and CryptoPunks.
The 0DOG utility token is on BRC-20: a brand-new type of cryptocurrency tech built on Bitcoin. BRC-20 introduces an experimental fungible token standard using ordinal inscriptions on the Bitcoin blockchain, pushing the boundaries of digital asset tokenization.
Bitcoin Dogs has demonstrated the evident appetite with which new projects embracing the latest blockchain technologies can capture the imagination.
According to the company, token holders will be looking forward to the opportunity to see a second movement, given that the 10,000-strong Bitcoin Dogs NFT collection will be exclusively available for those holding 0DOG tokens and is due to launch in Q2 this year, effectively doubling down on the Q1 launch of the token.
A Chapter In Blockchain History
According to the company, owning 0DOG tokens is a chance to own a piece of blockchain history as the first ICO of its kind. Immutable and unique, this can’t be replicated.
The traction and tongue-in-cheek power of the brand, as well as its long-term potential to influence both the blockchain gaming space and possibly revitalize the NFT market, have seen an outpouring of attention from the crypto community.
Invezz.com captured this sentiment by saying, “all of this makes Bitcoin Dogs our highest-rated token this year. The first BRC-20 presale won’t be the last, and the BTC blockchain could become the preeminent crypto ecosystem. Bitcoin Dogs is a great way to get in on the ground floor of this new wave of altcoins built on Bitcoin.”
Bitcoin Dogs boasts a 110,000+ strong X community and the team hopes that the project has captured enough attention from the ecosystem to start it’s journey.
About Bitcoin Dogs
Bitcoin Dogs is breaking new ground in the Bitcoin ecosystem. For the first time ever, NFTs, gaming, and new token types come together to offer the first ICO on the original Bitcoin blockchain. The truly permissionless immutability of Bitcoin is being harnessed to create the 0DOG token, while a play-to-earn (P2E) gaming experience and NFT collection are being developed exclusively for 0DOG holders.
0DOG is available to buy on the Bitcoin Dogs Website
For more information and to buy Bitcoin Dogs (0DOG), visit the website.
Official Website | Whitepaper | Socials
Contact
Bitcoin Dogs
Bitcoin Dogs Team
marketing@bitcoindogs.club
Stockholm, Sweden, March 14th, 2024, Chainwire
Antler Interactive is bringing their latest creation, Cloudborn – A Web3 PC RPG with a sprinkle of MMO – into the limelight at GDC 2024. The turn-based battler set in a fantasy sky island realm is poised to take immersive gaming experiences to new heights by intertwining cutting-edge technology to create enchanting gameplay.
The game births a seamless blend of strategic gameplay similar to Raid Shadow Legends and the accessibility of the Zelda franchise to create a turn-based RPG like no other. But that is where similarities end. Cloudborn is at the forefront of dynamic gameplay experiences, melding web3 technology and AI to create responsive worlds and gameplay, ultimately owned by the players. With tradeable NFT characters that develop in attributes and personality from the direct actions of the player, Cloudborn is taking immersive and player-owned experiences to the next level.
Antler Interactive, the creators of My Neighbor Alice, describes the game as one where players strategize in turn-based battles and players roam an ever-evolving world shaped by their actions. The beauty of the game is in how it utilizes the next-generation tech stack to create dynamic worlds and unique characters, whose attributes and personalities change according to players’ direct actions, creating a truly unrivaled gaming experience.
Which then are ultimately owned by the player, giving them full autonomy over their experiences. users can check out the Cloudborn game trailer and be impressed for themselves.
Cloudborn’s main features:
- Dynamic World Building: The Cloudborn verse adapts and changes at the whim of the player, as every action has true consequences on the game’s environment, all possible through advanced AI integrations
- Evolving Characters: playable and non-playable characters evolve based on players’ interactions. These changes stick with the characters even after trading with other players via NFT metadata. Characters you inherit from others will remember their past, for better or worse. Any bonds or rivalries get passed on even after trading.
- True Ownership: harnessing web3 technology, Cloudborn is giving players true ownership and autonomy over their experiences
- Strategic Turn-Based Battles: Plan your battles with your army of character cards. Your character lineup and positioning matter on the battlefield.
- Free Travel & Airship Base Management: The world of Miyunu is yours to explore. Take your customizable airship and explore the floating islands, upgrading your base as you go
Cloudborn will be accessible through the ownership of their in-game digital assets, which can be bought or leased, and will run on the Chromia blockchain.
Taking place on fantasy islands in the clouds, Cloudborn is a story of old. According to legend, over a millennia ago a universe-shattering war between 2 godlike powers, leaving behind a fragmented world of sky-islands corrupted the remnants of the war. Players are left to traverse through the skies on their mission to unravel the mystery of the conflict and explore beyond the known.
The Cloudborn verse is powered by a unique blend of AI and web3 technology, that has the sole purpose of elevating the gaming experience. Through AI, Cloudborn boasts a dynamic world-building experience, by which the gaming environments and characters react and develop in real-time based on player actions, giving rise to a deeper, unique gaming experience. As Oliwer Svensson, Chief Creative Director of Antler Interactive, says “It’s not just binary data, but rather it’s unpredictable characteristics that are created by AI that molds your character”. Gameplay is further enhanced by blockchain technology, as characters, items, and progression are in full control of the player.
What makes Cloudborn truly special is how it elegantly intertwines the 2 technologies in a harmonious symphony by which gameplay is not only personalized and immersive but carries intent. Lenny Pettersson, CEO of Antler Interactive puts it beautifully, as he believes in using this new technology “as a paintbrush to create great and unique things.” Whether you are picking up Cloudborn for a casual play-through, or to get into the nitty-gritty of strategic gameplay and theory crafting, you are sure to be greeted with a gaming experience like no other – quite literally.
Cloudborn will be demoed next week at GDC 2024, from the 20th to the 22nd of March at the Inworld Booth (2-6 pm, March 20th), and the BGA Booths (all day, March 22nd). Players can access more information on the game through their Twitter, Telegram, and Discord channels.
About Anter Interactive
Antler Interactive is a Swedish gaming studio renowned for its innovative approach to gaming. Focusing on cutting-edge technologies, Antler Interactive strives to create immersive and involving experiences that captivate players worldwide. Antler, a multi-award-winning gaming studio, won the Binance Launchpool project of the year for My Neighbor Alice. Antler Interactive is a subsidiary of ChromaWay. More information can be found at antlerinteractive.com and cloudborn.game.
Contact
PR Manager
Ramsey Shallal
Antler Interactive
ramsey@gelocubed.com
Portland, Oregon, March 13th, 2024, Chainwire
ceτi AI, a pioneering decentralized artificial intelligence infrastructure provider, is thrilled to announce the successful launch of its CETI token. Founded by a team of visionaries led by Dennis Jarvis (formerly of Bitcoin.com and Apple), ceτi AI is on a mission to democratize access to AI by building a globally distributed, high-performance, intelligent, and scalable infrastructure network that supports innovative decentralized AI networks.Through these efforts ceτi AI fosters innovation and developer engagement across the globe.
Launched on March 11th, 2024 on Uniswap, the CETI token introduces a unique method of contributing to AI infrastructure development and benefitting from the value created by the ceτi AI network. The launch attracted widespread attention, achieving an initial market cap of 33M USD and demonstrating significant trading volume of 5.6M USD within the first 24 hours of trading, signaling strong market confidence in ceτi AI’s vision. Early adopters can expect to be among the first to realize the benefits of holding the CETI token.
The token launch not only showcased impressive initial market performance but also marked a significant milestone in community growth, with over one thousand early adopters joining the project Discord and Telegram groups, engagement with tens of thousands of users on X.com, and trending #1 on the DEX Tools Hot Pairs list. ceτi AI’s commitment to responsible tokenomics, a stable and secure market for the token, and yield-generating AI infrastructure features has been met with enthusiastic support from the crypto and AI communities alike.
“As we reflect on the success of the CETI token launch, our sights are set towards the horizon of decentralized AI,” states Dennis Jarvis, CEO of ceτi AI. “Very soon advanced machine intelligence will touch every single aspect of our lives. We must not give this power blindly to centralized so-called “trust and safety” teams. We must build a decentralized and democratized future for AI. ceτi AI is deploying the infrastructure to make that a reality for everyone, everywhere.” ceτi AI remains dedicated to ensuring our token holders and community members are integral to our journey, receiving continuous value and having a say in the ecosystem’s evolution. By fostering an environment of open innovation and collaboration, we’re paving the way for a future where AI’s benefits are universally accessible, ensuring technology serves the greater good and empowers individuals across the globe.
Join us in our journey to accelerate the advancement of decentralized AI. For more information about ceτi AI and how to get involved, visit http://taoceti.ai and follow us on X (https://x.com/ceti_ai), Telegram (https://t.me/ceti_ai), Discord (https://discord.gg/SvauY42HdT), and DEX Tools (https://t.ly/sj5eB). Contact the team at https://calendly.com/ceti_ai/ to arrange a meeting at the upcoming NVIDIA GTC conference starting March 18th, 2024 in San Jose, California.
Contact
CEO
Dennis Jarvis
ceτi AI
press@taoceti.ai
London, United Kingdom, March 13th, 2024, Chainwire
Bitcoin Dogs has now raised a spectacular total of $10.6 million as it nears the final 48 hours of its presale, after which the 0DOG tokens will become available for public trading.
The ICO, the first-ever for a token built on the Bitcoin blockchain, began on the 14th of February. It debuted with a product video that garnered thousands of views and achieved viral growth, amassing a community of over 110k followers on X and in excess of 25k members on Telegram, all in under 30 days.
The exceptional response has been powered significantly by Bitcoin Dogs’ innovative use of the Bitcoin ordinals protocol, a 2023 update to Bitcoin that enables token minting and NFTs on the Bitcoin blockchain. This places Bitcoin Dogs firmly within a range of Web3 camps since the project offers both its 0DOG token, an NFT collection, and a GameFi experience to those who invest.
0DOG is currently available to purchase at its final stage price of $0.0404 before it becomes available for public trading. The presale will end on Friday 15th March.
0DOG is available to buy on the Bitcoin Dogs website.
Born And Bred On Bitcoin
Ordinals allows collectibles and custom tokens to be written onto satoshis, or “sats” — the smallest denomination of a bitcoin. This has allowed NFTs and “BRC-20” tokens to flourish on the Bitcoin network, and according to Grayscale, Bitcoin is now jostling for the title of dominant NFT chain over Ethereum.
Bitcoin Dogs uses Ordinals in two ways, making it a potential flagship project for the protocol. Firstly, the 0DOG token is issued under the BRC-20 standard, meaning that 0DOG tokens are stored and transferred over the Bitcoin network, much like ERC-20 tokens like SHIB on Ethereum. BRC-20 tokens have been extremely popular since they debuted last year, and two remain in the top 100 cryptocurrencies by market cap.
Second, available only to 0DOG holders, Bitcoin Dogs will mint 10,000 NFTs on the Bitcoin blockchain, using Ordinals to inscribe images on satoshis. Ordinals NFT collections like Bitcoin Frogs and NodeMonkes have become popular in recent months, with the latter hitting $1 million in sales in early March.
Bitcoin Dogs employs the same 8-bit graphic style as these projects while implementing the ever-popular “doge” style imagery on top of this.
The Bitcoin Dogs team is optimistic that the use cases for Ordinals position Bitcoin Dogs to benefit from the general bullish sentiment surrounding the Ordinals protocol. The team is hoping that owners will replicate the success stories of ORDI and other notable NFT collections.
The Presale
As it nears its final 48 hours, 0DOG is currently on sale for $0.0404, the final fixed price before the token becomes available for public trading.
At the end of the presale, any unsold tokens will be burned, permanently removing them from circulation. This means that the total supply, originally 900 million 0DOG, will ultimately be decided by the market.
A burn would reduce the supply, which could in theory drive up the price of 0DOG if demand were to persist. Deflationary pressures like this have been credited with creating long-term value in tokens like Bitcoin and numerous other cryptocurrencies.
The Bitcoin halving, scheduled for April and traditionally associated with increased scarcity, is anticipated by the team to potentially boost Bitcoin prices beyond the $72.968k all-time high. Furthermore, the team expects this surge to ripple out into the wider crypto markets, suggesting that the broader crypto market could stand to benefit from the ensuing hype.
The presale will end on Friday 15th March.
About Bitcoin Dogs
Bitcoin Dogs is breaking new ground in the Bitcoin ecosystem. For the first time ever, NFTs, gaming, and new token types come together to offer the first ICO on the original Bitcoin blockchain. The truly permissionless immutability of Bitcoin is being harnessed to create the 0DOG token, while a play-to-earn (P2E) gaming experience and NFT collection are being developed exclusively for 0DOG holders.
For more information about Bitcoin Dogs (0DOG) users can visit the website.
Official Website | Whitepaper | Socials
Contact
Bitcoin Dogs Team
Bitcoin Dogs
marketing@bitcoindogs.club
Tortola, British Virgin Islands, March 12th, 2024, Chainwire
Nibiru Chain, a developer and user-centric Layer 1 platform, has officially launched its public mainnet. Nibiru Chain stands out by offering a secure and efficient environment for building highly-performant decentralized applications. It is distinguished by its robust smart contract ecosystem offering superior throughput and unparalleled security, making it the go-to platform for builders in gaming, real-world assets (RWAs), NFTs, DeFi, and more.
Empowering Users with a Rich Ecosystem
At launch, Nibiru Chain offers a wide range of functionalities to its community and prospective builders. Users can engage in staking with NIBI validators and participate in decentralized governance. Nibiru Chain will also introduce competitive Web3 gaming through Chess3, allowing players to learn the game of chess, compete in tournaments sponsored by communities, streamers, or brands, and earn rewards. Additionally, Nibiru Chain supports the minting and trading of NFTs on Dropspace, secure “.nibi” namespaces through Nibiru ID, and real estate opportunities through Coded Estate.
Nibiru Chain encourages innovation by rewarding developers with a portion of transaction fees from their smart contracts, offering built-in value accrual. In addition to providing developers with tools to build applications, Nibiru Chain introduces its Super Chain, which includes perpetuals, spot, swap, and stablecoin functionalities. These features offer greater opportunities for dApps to expand and integrate with DeFi. The Super Chain initiative aims to deliver a seamless retail trading and investment experience and is designed to serve users across more than 40 blockchains.
Nibiru’s Strategic Vision for 2024
Nibiru Chain’s key initiatives include rolling out its genesis NFT collection and expansion into the APAC region with an initial focus on Korea, China, India, Japan, Vietnam, and Thailand. Central to Nibiru Chain’s mission is the launch of parallel optimistic execution, which enables the simultaneous processing of multiple independent transactions.
Launching Nibiru Chain marks a significant stride toward increasing blockchain scalability by bridging gaps across the blockchain landscape. Nibiru is engineered to dismantle hurdles that have isolated applications and users within their ecosystems and offer an intuitive, straightforward entry point into a more thoroughly connected Web3 for users and developers alike.
Additionally, Nibiru Chain is set to announce details on its upgrade enabling full Ethereum Virtual Machine compatibility, ensuring further interoperability with Ethereum-based dApps. This integration will lower the barrier to entry for Ethereum developers and facilitate a smoother transition to Nibiru Chain’s more efficient and cost-effective Layer 1 solution, making crypto more accessible and user-friendly for the general public.
About Nibiru
Nibiru Chain is a breakthrough L1 blockchain and smart contract ecosystem sporting superior throughput and unparalleled security. Nibiru aims to be the most developer-friendly and user-friendly smart contract ecosystem, leading the charge toward mainstream Web3 adoption by innovating at each layer of the stack: dApp development, infra, consensus, a comprehensive dev toolkit, and value accrual.
Website | Twitter | LinkedIn | Telegram | Discord
Contact
PR & Media Inquiries
media@nibiru.org
Submitting a press release to leading crypto sites like CoinDesk can be a great way for blockchain and Web 3.0 projects to get targeted exposure.
Writing a crypto press release is a crucial step for blockchain projects and cryptocurrency companies aiming to gain visibility and credibility in a rapidly evolving industry. Press releases can effectively communicate important updates, product launches, partnerships, or achievements to a broader audience, including potential investors, users, and enthusiasts.
How to Buy and Submit a Press Release (PR) to CoinDesk
Crypto Intelligence can publish press releases in all leading crypto news sites, including Coindesk.
To get in touch with Crypto Intelligence to discuss how you can submit a CoinDesk PR, you can send an email to Sales@cryptointelligence.co.uk, or you can contact the head of sales, David Prior, via Telegram.
Crypto Intelligence can also publish press releases in Cointelegraph and numerous other leading crypto and mainstream news platforms.
How to Write a Crypto Press Release
1. Start with a Catchy Headline: Your headline should be compelling and clear, encapsulating the essence of your announcement. It should be specific enough to grab attention but not so technical that it alienates a broader audience.
2. Craft a Strong Opening Paragraph: The first paragraph is critical; it should answer the “who, what, when, where, and why” of your news. Make sure to communicate the key message upfront, as this might be the only part some readers engage with.
3. Provide Context and Background: After the opening, delve into the details. Offer context about your company or project, the problem you’re solving, and why this news matters. It’s also a good practice to explain how your announcement fits into the larger crypto ecosystem or addresses industry trends.
4. Include Quotes: Quotes from key stakeholders, like the CEO or a project lead, can add a personal touch and authority to your press release. They should provide insight or perspective on the announcement and its impact.
5. Be Clear and Concise: Avoid jargon and overly technical language that might confuse readers unfamiliar with blockchain technology. The goal is to be accessible to a broad audience, including those new to the crypto space.
6. Add a Call to Action (CTA): End your press release with a clear CTA, guiding readers on what to do next. This could be visiting your website, joining a community channel, or participating in a token sale.
7. Include Contact Information: Make sure to provide contact details for media inquiries. This includes a contact name, email address, and phone number, facilitating further discussion or interviews.
Benefits of Publishing a Crypto Press Release
1. Increased Visibility: Publishing a press release can significantly boost your project’s visibility. It gets your message in front of cryptocurrency news outlets, bloggers, and influencers, expanding your reach beyond your existing network.
READ: Crypto Intelligence’s Official Project Ranking
2. Credibility: A well-crafted press release can lend credibility to your project. Being featured on reputable crypto news platforms or mainstream media can validate your project in the eyes of potential investors, partners, and users.
3. Attract Investors: A press release that highlights your project’s unique value proposition, technological innovations, or strategic partnerships can attract the attention of investors looking for promising opportunities in the crypto space.
4. SEO Benefits: Online press releases can improve your project’s search engine optimization (SEO), making it easier for people to discover your project when searching for related keywords. This can drive organic traffic to your website and increase engagement.
5. Community Engagement: Announcing significant milestones or updates through a press release can energize your existing community and attract new members. It shows progress and commitment to your project’s roadmap, fostering trust and loyalty among your audience.
LONDON, 11 March — Investiva, the trailblazing Forex broker and CFD trading platform leader, takes a monumental step towards a greener future with its latest initiative, ClimateGiveBack. This groundbreaking program allows Investiva users to contribute a percentage of their revenue to support the earliest-stage carbon removal companies in Frontier’s portfolio. In just a few clicks, businesses can make a direct impact, helping these companies transition from the lab to the field, fostering innovation and real-world change.
A Catalyst for Carbon Removal Innovation
Investiva Paves the Way: As part of its commitment to environmental sustainability, Investiva introduces ClimateGiveBack, a user-friendly platform feature that empowers businesses to play a crucial role in advancing carbon removal technologies. By supporting Frontier’s portfolio companies, users catalyze innovation, drive real-world solutions, and contribute to a sustainable future.
Easy and Impactful: ClimateGiveBack simplifies the process, allowing businesses to allocate a percentage of their revenue effortlessly. This initiative is tailored for those who prioritize catalyzing the field of carbon removal and do not require a specific tonnage purchase to meet climate targets.
Key Features of ClimateGiveBack
1. Seamless Integration: Investiva’s ClimateGiveBack seamlessly integrates with the trading platform, ensuring a hassle-free experience for users. In just a few clicks, businesses can make a significant impact without disrupting their operations.
2. Direct Support for Innovators: By directing a percentage of revenue to Forest Carbon’s project in the Carbon Club, users actively support the earliest-stage innovators in the carbon removal sector. This direct support accelerates the development and deployment of groundbreaking technologies.
3. Fostering Real-World Change: ClimateGiveBack goes beyond traditional sustainability efforts. It’s a tangible way for businesses to contribute to real-world change by supporting companies at the forefront of carbon removal advancements.
Investiva’s Ongoing Environmental Initiatives
Beyond our trading platform, we actively engage in carbon removal projects with Forest Carbon. Collaborating on initiatives like tree planting and peatland restoration, we also support Carbon Club UK’s Nature project. This spans multiple locations in the United Kingdom, fostering nature protection, creation, and restoration. These efforts empower businesses to make transparent and conscientious corporate social responsibility investments.
Profit with Purpose: At Investiva, we seamlessly blend profit with purpose. Excelling in Forex trading and CFDs, our commitment goes beyond financial success. We actively contribute to building a sustainable future through holistic practices where economic prosperity aligns with environmental responsibility.
Join Investiva in Shaping a Greener Tomorrow
Investiva extends an invitation to businesses and individuals to join the ClimateGiveBack initiative. By integrating carbon removal support into their trading activities, users contribute to environmental progress while benefiting from Investiva’s cutting-edge CFD trading platform.
In conclusion, Investiva stands as a beacon of financial innovation and ecological responsibility. Our platform transcends the role of a mere trading venue; it’s a transformative space where users, from novices to seasoned professionals, encounter a dynamic blend of automated tools, robust risk management, and personalized guidance.
Our excellence and user-centric approach are evident through accolades like Best Crypto Trading Platform and Best Finance App at the Finance Feeds Awards 2023, along with the Red Dot Design Award in 2022.
CEO Thomas Duarte humorously encapsulates our environmental commitment, advising, “Count your carbon before they tax.” This signature phrase mirrors Investiva’s dedication to carbon neutrality. As part of our eco-friendly protocols, every employee appends to their email signature: “Be like me, be Carbon free – don’t print this and save a tree.” This simple act underscores our commitment to a sustainable future.
As we stride into the future, Investiva remains at the forefront, offering a secure, feature-rich platform. Join us, experience the Investiva difference, and elevate your crypto trading with us, Open your account https://trade.investiva.com/sign-up
Press Contact:
Media Contact:
Juliet Emerson – Head of Compliance
Website https://investiva.com/.
Email:Support@investiva.com
Telephone: +44 20 7946 0656
Lines open 09:00 – 16:00 / Monday-Friday
Address: 4-12 Regent St., St. James’s, London SW1Y 4PE
Social media:
https://www.linkedin.com/company/investiva-uk/
Investiva (@Investiva_UK) / X (twitter.com)
https://www.facebook.com/InvestivaOfficial
https://www.youtube.com/@Investiva Disclaimer: This press release is for informational purposes only and does not constitute investment advice or an offer to invest.
Grand Cayman, Cayman Islands, March 8th, 2024, Chainwire
Powered by Pravica, S3 will provide builders on the Sui blockchain with the opportunity to seamlessly launch native stablecoins without the complexities of smart contract development and currency management
S3.MONEY (S3), a stablecoin studio developed on top of the Sui blockchain, was officially announced today by Cairo-based blockchain startup Pravica in collaboration with Sui. S3, which stands for “Stablecoin Studio on Sui,” is set to revolutionize the global payment processing landscape by introducing a versatile and user-friendly solution for building and utilizing stablecoins on the Sui blockchain.
S3 offers a key utility designed for building customizable stablecoins directly on the Sui blockchain, which in its initial phase, enables issuers to create fiat-backed stablecoins without building the bespoke technological infrastructure typically required for smart contract development and currency management. S3 not only simplifies the process for existing stablecoin issuers, such as USDC and USDT, to integrate with Sui, but also facilitates the creation of bespoke stablecoin solutions tailored to meet specific regulatory requirements in various jurisdictions.
S3 also establishes an entirely new process for stablecoin management, offering a streamlined one-stop-shop experience through a straightforward interface. Stablecoin Studio on Sui provides intuitive, capable administration with role-based controls, enabling effortless configuration and management of stablecoins. The platform enhances treasury command with built-in proof-of-reserve functionality and seamless integration with on-chain oracles. Integrated KYC/AML features prioritize compliance, strengthening due diligence with qualified identity verification services.
Mohamed Abdou, Founder & CEO of Pravica, expressed his enthusiasm for S3 and Sui as a foundation for Pravica’s stablecoin creator. “Based on the adoption we are already seeing and our deep experience with international payment systems, we are convinced that stablecoins will revolutionize the global payments industry. We also believe that Sui offers the most capable platform for building robust and scalable decentralized utilities. Built on top of Sui, S3 poised to become a global utility for creating customized payment solutions utilized by millions,” he said.
Beyond empowering builders to craft their own stablecoins, S3 also comes with a cutting-edge payments app, Walletify, which serves as a closed-loop payment solution. Walletify allows users to seamlessly transact using the stablecoins created through the S3 utility. Walletify’s closed-loop architecture, building on Sui’s unique Move-based design pattern, ensures a secure and efficient payment experience for both merchants and users.
“The team at Pravica has done incredible work and built much needed financial tooling. Stablecoin Studio on Sui removes an immense hurdle for stablecoin issuers and is set to transform the world’s payment processing industry,” said Greg Siourounis, Managing Director of the Sui Foundation. “We are extremely gratified that they have chosen to build this revolutionary solution on Sui.”
Contact
Sui Foundation
media@sui.io
Toronto, Canada, March 8th, 2024, Chainwire
Conflux Network, the only regulatory compliant public blockchain in China, today announces its pivotal role in assisting the successful beta-testing of the Hong Kong Dollar (HKD)-backed stablecoin, AxHKD. Built by local fintech company AnchorX, the stablecoin will be launched on Conflux Network initially, followed by Ethereum.
Conflux will provide the underlying technology with its superior scalability, security, low latency and cost-effectiveness. With this launch, AnchorX envisions becoming the most trusted provider of digital currency solutions in Asia, empowering reliable and efficient global exchanges.
AxHKD, will be launched initially on the Conflux public blockchain, and utilizes world-class distributed ledger technology and robust cybersecurity measures. It ensures a 1:1 peg to the HKD, backed by high-quality liquid asset reserves. These reserves are protected by a segregated trust arrangement and held by regulated financial institutions in Hong Kong. OKLink Trust, a strategic partner of AnchorX, provides the custodian services for the AxHKD issuance.
AnchorX targets two primary applications for AxHKD. Firstly, as a catalyst for global payments, AxHKD enhances cross-border transactions between Hong Kong/mainland China and the global market. This is particularly beneficial for Belt and Road partners with less developed banking infrastructures. Secondly, AxHKD acts as a reliable fiat-on-chain instrument for virtual asset trading, paving the way for innovation in Real-World Assets and bridging the gap between traditional and digital assets in Hong Kong.
The project is backed by Industry leaders from both the traditional finance and blockchain technology space including Hony Capital, a leading investment management firm in China overseeing over USD 16 billion in assets.
The announcement follows the recent initiatives by Hong Kong authorities to propose a regulatory regime for stablecoin issuers. On December 27, 2023, the Financial Services and the Treasury Bureau, in conjunction with the Hong Kong Monetary Authority (“HKMA”), released a Consultation Paper to gather public comments on the proposed legislation to regulate stablecoin issuers. This paper builds on the Discussion Paper released by the HKMA in January 2022 and the subsequent Conclusion Paper in January 2023.
Byron Wong, the Chief Compliance Officer at AnchorX, commented on the company’s unwavering commitment to meeting regulatory standards, “Hong Kong has adopted one of the most proactive approaches to stablecoin regulation globally. We want to ensure that AxHKD tightly aligns with the proposed stablecoin standards. We will also explore applying for participation in the upcoming regulatory sandbox and hope to contribute our first-hand practical insights to the formation of a successful stablecoin regulatory regime.”
Fan Long, Founder of Conflux, commented “We’re thrilled to partner with AnchorX for the launch of AxHKD on Conflux Network. This collaboration represents a significant milestone in the fusion of traditional finance and the Web3 realm, enhancing the practicality of digital currencies for everyday transactions. AxHKD is poised to play a pivotal role in weaving the Hong Kong Dollar into the fabric of the Web3 ecosystem, driving innovation and financial inclusion.”
About Conflux
Conflux Network is a permissionless Layer 1 blockchain that connects decentralized economies across borders and protocols. It utilizes a hybrid PoW/PoS consensus mechanism to ensure a rapid, secure, and scalable blockchain environment. With Conflux, congestion is eliminated, fees remain low, and network security is enhanced.
As the leading regulatory-compliant public blockchain in China, Conflux offers a distinct advantage for projects seeking to enter the Asian market. The platform collaborates with renowned global brands and government entities in the region, driving blockchain and metaverse initiatives. Notable partnerships include the city of Shanghai, China Telecom, Little Red Book (China’s “Instagram”), McDonald’s China, and Oreo. Learn more: https://confluxnetwork.org/
About AnchorX
AnchorX is a Hong Kong-based fintech company with a vision to be the most trusted provider of digital solutions in Asia. Learn more: https://www.anchorx.org/ or https://twitter.com/AnchorX_Ltd
Contact
Melissa Tirey
melissa@shift6studios.com
San Francisco, USA / California, March 7th, 2024, Chainwire
Firewall secures funding from North Island Ventures, Breyer Capital, and Hack VC to bulletproof smart contract networks.
Firewall, a blockchain infrastructure startup, announced its $3.7M pre-seed round, co-led by North Island Ventures, Breyer Capital, and Hack VC. Firewall transforms the usability of smart contract technology through an innovative finality consensus mechanism that eliminates smart contract exploits.
The founders of Firewall, previously the first and sixth employees at Staked—a staking company acquired by Kraken in a landmark crypto deal—have helped breathe life into the eras of proof-of-stake and decentralized finance over the last six years. In that time, the founders served institutional clients with infrastructure that handled billions of dollars, and now building on their experience, are addressing what most perceive as the final major hurdle to a full embrace of digital assets by the traditional financial system.
“Firewall is building the safety rails that enable the everyday person to use the next era of the Internet,” stated Devan Purhar, Co-Founder of Firewall. “Today, billions of dollars are stolen from users, through irreversible transactions that are classifiable as theft. There’s a parallel between the current state of crypto-networks and the early internet, with a similar lack of essential security infrastructure. Our focus is not on marginal improvements; rather, we bring a required paradigm shift in the usability of blockchains. We designed a solution from first principles, and created programmable finality. Fundamentally, we make exploits a concept of the past.”
Akin to a digital version of a traditional network’s firewall, Firewall’s technology introduces “programmable finality”. It extends rollups to use programmable transaction finalization rules, which act as automated checkpoints that block harmful transactions, inserted before later stages when the data is finalized by a DA layer such as EigenDA or Celestia. The founders envision Firewall as a part of every smart contract network, acting as an embedded security system that intelligently guards against threats.
“Firewall uses real-time algorithms to pre-filter exploits from being included in blocks,” shared Sam Mitchell, Firewall Co-Founder. “Then, by using programmable finality we automatically recover from any exploits that bypass the pre-filter checks. Detection at this stage can involve AI models or social consensus, which may take longer.” Mitchell emphasized that institutions, managing trillions in assets, are interested in the benefits of smart contracts but require a secure environment to deploy capital. “Creating comfort for institutional clients to use smart contracts will be the pivotal point for the widespread adoption of digital assets.”
Past the founders, the core team is credited with successfully pioneering AI use in crypto threat detection at OpenZeppelin and Forta, and is set to revolutionize the field with Firewall’s all-encompassing security approach. The startup’s initial focus is on the rollup ecosystem, and prides itself on alignment with building non-custodial and trustless solutions. The funding will help expand the team and create the community to “firewall the EVM”. Longer-term plans include developing coordination mechanisms to integrate the social layer directly into the Firewall.
Travis Scher, Managing Partner at North Island Ventures, said “We believe the primary impediment to crypto’s mainstream adoption is the current security paradigm, in which a single bug can lead to a total loss of user funds. Firewall’s solution can prevent such losses, and we are thrilled to support such an important company from the outset.”
The funding round was co-led by North Island Ventures, Breyer Capital, and Hack VC, with participation from Finality Capital, and angels including Tim Ogilvie of Staked, Kain Warwick and Jordan Momtazi of Synthetix, Nathan McCauley of Anchorage, and Yaoqi Jia of AltLayer.
“Firewall is making blockchains safer for users, developers, and institutions,” said Ted Breyer of Breyer Capital. “We see this catalyzing a new era of smart contract utility, and we’re delighted to support the team.”
With the growing global adoption of crypto and regulatory spotlight, catalyzed by the BTC ETF and anticipated ETH ETF, the time for crypto-networks to become bulletproof is now. Trillions of dollars remain on the sidelines, scared to use smart contracts. Firewall’s “programmable finality” which effectively neutralizes exploits, offers the security assurance needed to unlock these assets, paving the way for crypto to revolutionize the global financial system.
About Firewall
Firewall is dedicated to making smart contract technology safe to use in everyday life, by eliminating smart contract exploits. Their solution is akin to a robust network firewall, applied to the modular blockchain ecosystem.
Contact
Co-Founder
Devan Purhar
Firewall
devan@usefirewall.com