Stockholm, Sweden, February 16th, 2024, Chainwire
The partnership aims to empower users of the Chromia ecosystem Web3 games like ‘My Neighbor Alice’ to create and leverage in-game wearable digital assets.
Chromia announces its strategic partnership with RSTLSS, a platform that streamlines the creation of digital wearables and accessories. The news, accompanied by a video release from RSTLSS, garnered attention across various channels associated with both projects. This partnership signifies a significant step in expanding the possibilities of the on-chain digital worlds of Chromia games like ‘My Neighbor Alice.’
Chromia is a Layer-1 relational blockchain platform that uses a modular framework to enable the creation of complex, fully on-chain decentralized applications (dapps). With a mainnet launch scheduled in 2024, Chromia’s ecosystem has extended across several verticals, including gaming, real-world assets, digital collectibles, sports, and fashion.
RSTLSS emerges as a next-gen digital wearables enterprise, offering a user-friendly platform for the creation and monetization of game-ready accessories, including clothing, skins, and weapons. It utilizes 3D templates, patterns, textures, and artwork, which enable users to craft and mint their creations as NFTs that can be used across multiple games and platforms.
The partnership between Chromia and RSTLSS is driven by their shared goal of enhancing accessibility within the blockchain space. Chromia simplifies decentralized applications, while RSTLSS emphasizes accessibility by providing design tools that require no coding. RSTLSS will integrate with My Neighbor Alice, Chromia’s flagship game, enriching the gaming experience by giving players the opportunity to create and use their own digital assets.
Commenting on the partnership, RSTLSS Founder Charli Cohen said, “The ethos of Web3 and decentralization are very important to me, and Chromia’s approach reflects those ideas. Digital assets are all about ownership and putting power in the hands of the users. Chromia’s fully on-chain dapps align with this idea, and we are excited to work with them.”
Chromia Co-Founder Henrik Hjelte added, “We are thrilled to collaborate with RSTLSS. Their technology empowers users to envision and design their creations while retaining control over their work. This aligns perfectly with Chromia’s presence in both gaming and fashion, and I am confident that this partnership will bring significant value to our ecosystem.”
In preparation for an eventful 2024, both companies are diligently gearing up for significant milestones. RSTLSS is on track to launch the beta version of their User-Generated Content (UGC) platform in March, while Chromia anticipates the launch of their mainnet later this year. The projects will begin technical collaboration in the forthcoming months, laying the groundwork for their shared vision of innovation and progress.
Users can stay connected with Chromia and get the latest updates from the following official Twitter: https://twitter.com/Chromia
About Chromia
Chromia is a Layer-1 relational blockchain platform that uses a modular framework to empower users and developers with dedicated dApps chains, customizable fee structures, and enhanced digital assets. By fundamentally changing how information is structured on the blockchain, Chromia provides natively queryable data indexed in real-time, challenging the status quo to deliver innovations that will streamline the end-user experience and facilitate new Web3 business models.
About RSTLSS
RSTLSS is the future of game-ready interoperable assets. RSTLSS platform allows anyone, whether a 2D or 3D creator, to easily build and trade digital merchandise – wearables, accessories, and more that can be loaded onto avatars cross-platform and cross-game engines.
Contact
Fati Hakim
pr@chromia.com
New York City, New York, February 16th, 2024, Chainwire
Introducing Kadena SpireKey, a human-friendly and secure way to seamlessly interact with any application by removing complex signing processes.
Kadena Spirekey
“Unlike complex Web3 wallets today where you have to remember every wallet you’ve ever created, Kadena’s SpireKey uses WebAuthn, a technology that has been developed by Google and Apple over the last 20 years, to help anyone securely digital assets directly on your phone or computer. It’s as easy as receiving a prompt on your mobile device and providing a fingerprint as a signature. Even that uncle who asks you about crypto every family holiday dinner can do it. With Kadena, we’ve made using applications accessible to everyone, no matter if you’re an experienced “degen” or using blockchain for the first time,” said Kadena CMO, Mike Herron.
SpireKey creates a seamless interaction between humans and technology, providing a Web2 experience with Web3 innovation. With SpireKey, users can sign transactions and Web3 applications, just like how it works on Apple Pay or Google Pay. However, it can be done directly on the user’s device without opening multiple windows or copying and pasting keypairs, which eliminates potential vulnerabilities seen in traditional wallets.
Added Security with Built-in Multi-sig
“Kadena’s built-in multi-sig signing enables an additional layer of security for SpireKey that only we can provide through our original language, Pact. With multi-sig, SpireKey allows for multiple signatures to be required for certain transaction types. For example, if you want to send over $10,000, you can set up parameters to require signatures from three different devices – your phone, laptop, and cold storage wallet. The multi-sig feature reduces the risk of compromised accounts because a bad actor would need access to three devices. It mitigates the risk of another attack vector, and adds to the overall security,” said Stuart Popejoy, Kadena Co-Founder and CEO.
SpireKey displays how Kadena thinks about the level of usability that Web3 technology should be at. At its core, SpireKey connects humans to interact with the blockchain, and with one another. SpireKey believes that showing working examples will inspire all humans alike to see how Spirekey can impact the rest of the world beyond Web3.
About Kadena
Kadena is a blockchain technology protocol that was founded in 2017 by Stuart Popejoy and Will Martino. Kadena is the industry’s only scalable Layer-1 Proof of Work (PoW) blockchain. This scalability enables Kadena to deliver infrastructure-grade performance for any blockchain project. Along with Kadena own smart contract language Pact, Kadena’s platform provides the world with the tools and environment to turn ideas and ambitions into reality. Founded by Stuart Popejoy and William Martino, who created JP Morgan’s first blockchain and led the SEC’s Crypto Committee, Kadena aims to allow for true blockchain mass adoption.
For more information, users can follow Kadena’s: Twitter | Telegram | Discord | YouTube
Contact
Kadena Press
press@kadena.io
Cryptocurrency liquidity is the lifeblood of efficient trading, fair price discovery, and the overall health and growth of the crypto market. However, not all digital assets are as liquid as popular Bitcoin. How is it possible to generate sufficient trading volume and liquidity for less popular assets? The answer is crypto market making. This article will explain who market makers are and how they work.Who is a Market Maker?
When you trade on a crypto exchange, you don’t reflect on who is there on the other side of the order. But what if there is no organic counterparty for your order? What if no one is willing to buy your tokens at your desired price? In this case, you have two options:
- on a low-liquidity market, you have to wait long until there is someone ready to execute your order;
- on high-liquidity markets, your order will be executed immediately, despite the market conditions.
Market makers stand behind quick and efficient order execution at a fair price. They are financial entities, specialized companies, or high-frequency traders that cooperate with a market-maker trading platform to supply liquidity to its markets.
A market maker is a market participant who places orders on buying and selling assets, and this order stays in an order book until someone wants to match it. So, a market maker stands always ready to fulfill emerging orders (from other traders) on a crypto exchange.
Here is what market makers do:
- Provide continuous liquidity by placing buy and sell orders.
- Narrow the bid-ask spread by offering competitive buy and sell prices.
- Facilitate the formation of fair and accurate market prices.
- Enable large transactions by absorbing large orders without significantly impacting the market price.
- Stabilize market volatility by dampening price fluctuations and creating a more stable market environment.
- Support new tokens, helping to kickstart trading activity and market interest.
Market Maker Strategies
Here are the most common cryptocurrency trading strategies that market makers use:
- Cross-exchange liquidity mirroring
- Two-legged trading
- Market making without hedge
- Delta neutral market making
- Grid trading.
Let’s drill down on a two-legged trading strategy. The idea of this strategy is to buy and sell tokens simultaneously. It involves opening two limit orders with different prices. A buy order price is set lower than the current market price, and a sell order price is higher than the market price. When these two orders are executed, a market maker profits from their price difference.
Market makers are crucial in providing liquidity and stability to the cryptocurrency market. Their strategies and techniques help to create a favorable trading environment for other market participants.
Grand Cayman, Cayman Islands, February 15th, 2024, Chainwire
Wormhole data shows nearly $310 million in assets bridged from Ethereum to Sui over the last month — more than all other blockchains combined.
Sui, a Layer 1 blockchain that has experienced explosive growth since its inception nine months ago, is seeing a substantial migration of funds from Ethereum to the Sui ecosystem, with nearly $310 million worth of assets flowing through the Wormhole Portal in the past 30 days. The data is issued by wormholescan.io, which tracks the flow of funds through Wormhole, one of the most important cross-chain bridges for wrapped tokens and NFTs, and the one most used on the preeminent decentralized exchange, Uniswap.
As the Sui ecosystem has been gaining remarkable traction during the past month – surpassing $600M in Total Value Locked and entering the top 10 of DeFi ecosystems – the data from Wormhole shows that the origin of a lot of these funds is Ethereum. Of the almost $500M worth of funds that were bridged from Ethereum through Wormhole in the last 30 days, over 64% of it was moved to Sui — more than all of the funds sent to Solana, Arbitrum, Polygon, and every other chain combined.
According to the Wormhole data, most of these bridged assets are stablecoins, with USDC and USDT bridged to Sui accounting for $134M and $78M of the volume respectively.
source: wormholescan.io
source: wormholescan.io“The prevalence of users migrating assets to Sui demonstrates a growing belief in the strength of Sui’s underpinning technology and the community of builders, developers, and enthusiasts that power the ecosystem,” said Greg Siourounis, Managing Director at the Sui Foundation. “The Sui community looks forward to continuing to push the boundaries of DeFi and offering an industry-defining experience for users and builders alike.”
source: Sui Internal Data
Also notable in the context of Sui’s emergence in DeFi, Sui’s internal data reflects the acceleration of the growth in bridged stablecoins USDC and USDT to the Sui ecosystem that began in Q4 of 2023. TVL of USDC and USDT went from hovering below $50M to spiking well beyond $250M, a rise of over 400% in less than five months.
In recent months, in addition to the empirical data, there is also a qualitative trend that points to Sui becoming a primary hub of DeFi’s excitement and activity — top projects choosing to build on Sui. In December 2023, two leading projects that began on other protocols chose Sui for expansion or complete migration.
Solend, which remains the top lending protocol on Solana at nearly $180M in TVL, has devoted a full team to launching a new lending protocol on Sui that will be called Suilend. Likewise, Bluefin, a decentralized derivatives exchange that had already achieved over $1B in transaction volume on its v1 application on Arbitrum, shuttered its initial implementation to focus entirely on the newest version built on Sui, reaching $2.3B in volume in its first four months on the network. Both projects cited the performance capabilities of Sui in explaining their moves.
More recently, Sui announced two more important steps in turning Sui into the DeFi platform of choice for builders, developers, and their users. First, together with Ondo Finance—the third-largest platform bringing tokenized real-world assets onto public blockchains, Sui announced the launch of interest-bearing stablecoin substitutes on Sui. Just as important, a new partnership with Banxa, a leading payments infrastructure provider for the crypto-compatible economy, will enable on and off-ramps via the Banxa platform. Combined, these steps will broaden the appeal of the Sui platform to include a far wider audience.
Contact
Sui Foundation
media@sui.io
Paris, France, February 14th, 2024, Chainwire
The R.AI.SE Summit, a global reunion of 1,500 global leaders and Generative AI pioneers, is set to take place on April 8th, 2024, at the prestigious Westin Paris Vendôme, Paris, France. The landmark conference will bring together the corporate world and the top artificial intelligence builders to share first-hand insights on using Generative AI to address essential business and societal challenges.
“Excited to discuss Generative AI advancements at RAISE Summit, showcasing Mistral AI’s innovations” comments Arthur Mensch, Co-Founder and CEO of Mistral AI.
Featuring more than 90 expert speakers and 100 partners, the R.AI.SE Summit looks to welcome its 1,500+ attendees with an array of keynotes, panels, and workshops delving into the latest advancements and applications of Generative AI. The event promises to be a hub for corporate executives, entrepreneurs, developers, and investors, offering the opportunity to participate in groundbreaking discussions and networking sessions. The Co-Founders & CEOs of flagship Gen AI companies like Mistral AI, Cohere, Sambanova Systems & Perplexity AI, among many others, will be here to unveil their latest insights and advancements in the field.
“AVEVA is committed to harnessing the power of all types of artificial intelligence, machine learning, advanced analytics and generative capabilities to build comprehensive digital ecosystems that boost collaboration, enable higher efficiency and drive competitive advantage. At RAISE, we are pleased to share how leading companies are using such technologies, including Generative AI, to shape a more sustainable future for global industries.” asserts Caspar Herzberg, CEO of AVEVA and board member of Schneider Electric.
The R.AI.SE Summit is held by Chain of Events, the company behind the biggest European event in Web3 and blockchain, Paris Blockchain Week. The full-day conference, with its exclusive agenda, will serve as a platform for leaders and innovators to converge, share insights, and lay the foundation for future developments in the world of AI.
The Summit aims to provide a comprehensive overview of the current Generative AI revolution, with a focus on 3 main themes: Corporate innovation & transformation, Generative AI builders and Responsible AI activation. In addition to the main Summit, R.AI.SE Dev Arena and R.AI.SE Startup Agora events will provide unique platforms for builders and investors of the AI ecosystem.
The Dev Arena is a first-of-its-kind AI hackathon, sponsored by Mistral AI and organized with our operating partner Sia Partners, that will assemble the crème de la crème of developers in the field to become the epicenter for companies seeking to shape the future of Generative AI. The hackathon will feature over 150 participants under the guidance of field-expert mentors and will work on Mistral AI’s open-source models and tech stack. The hackathon will be featuring 4 different industries-focused tracks delving into the current hottest business issues.
Mistral AI comments “The Mistral hackathon at RAISE in France marks a significant stride forward in championing the open-source ethos across Europe”.
The Startup Agora is a pioneering platform set to showcase innovative startups’ cutting-edge solutions with its Startups Competition and Investors Zone. The future gems of the Generative AI industry will be displayed in the Startup Competition, where over 500 startups will vie to prove the value of their project to an elite cohort of global investors. Participants will get a chance to meet industry leaders, venture capitalists and investors to present their ideas and technologies to a diverse and worldwide audience.
Paris was chosen as a venue for the Summit due to France’s leadership in AI innovation, with President Macron having placed a strategic focus on AI development with a series of initiatives and investments. Among multiple initiatives led lately, Meta opened an AI Research (FAIR) lab in the historic capital, while local firm Mistral AI recently raised 385 million euros in a funding round led by Andreessen Horowitz and LightSpeed Ventures.
In addition, President Macron has unveiled a bold €1.5 billion initiative dubbed “France 2030” to accelerate French investments in strategic industries and propel the nation as a global AI leader. This ambitious plan mirrors the recent launch of “Kyutai,” an open-source AI research lab backed by tech heavyweights like Xavier Niel, Rodolphe Saadé, and Eric Schmidt.
About The R.AI.SE Summit
The R.AI.SE Summit is a cutting-edge gathering of 1,500+ global leaders dedicated to exploring the transformative power of Generative AI on businesses. Organized by the company behind Paris Blockchain Week, the full-day conference features a buzzing agenda, workshops, exhibitions and networking to bring together some of the brightest minds in the artificial intelligence industry in person in Paris, France.
Learn more: https://www.raisesummit.com
Contact
Hadrian de Cournon
Hadrien@chainof.events
London, UK, February 14th, 2024, Chainwire
Bitcoin Dogs will make history in less than two hours’ time as the world’s first ICO on the Bitcoin blockchain gets underway.
$0DOG tokens are available to presale buyers for a price of $0.015, beginning at 11:00 AM GMT on the BitcoinDogs.club website. Prices will increase every 72 hours throughout the 30-day presale, ending at $0.0404 per token on the 15th of March.
The ground-breaking ICO represents the beginning of a new era for the Bitcoin ecosystem and will be the only way to purchase $0DOG before Bitcoin Dogs becomes available for trading.
The $0DOG presale takes place exclusively on the BitcoinDogs.club website.
A New Era Of GameFi
$0DOG is a BRC-20 token: a brand-new type of cryptocurrency built on Bitcoin. The Ordinals protocol, which went live in 2023, allows developers to create coins like $0DOG that are secured on the BTC blockchain.
Ordinals also bring NFTs to Bitcoin, and Bitcoin Dogs capitalizes on this breakthrough, too. The project incorporates a collection of 10,000 exclusive NFTs, the largest collection on Ordinals to date.
These NFTs, along with the $0DOG token, constitute the main components of the forthcoming Bitcoin Dogs game. The game, which begins its beta in Q2, fuses Tamagotchi-style gameplay with play-to-earn (P2E) mechanics, bringing a much-loved gaming experience into the GameFi era.
Social media integration is a core element of gameplay. Players have the chance to earn in-game currency by sharing their progress on social channels — a system bound to expand the game’s player base — and Twitter/X will also be home to Dog Showdown events, where players pit their virtual pets against each other in competition.
The Journey Ahead for Bitcoin Dogs
Beyond the historic $0DOG ICO, the road ahead for Bitcoin Dogs is set to be momentous.
Other BRC-20 tokens made headlines last year with impressive price action. $ORDI, one breakout token, managed a rally of 3,000% between September 2023 and January of this year. Other BRC-20 coins include Orange, whose ORNJ token rallied by 677% in three days last week.
Bitcoin Dogs’ proximity to the Ordinals NFT market also puts it in strong company. Bitcoin-based NFTs fared well in 2023 while the rest of the NFT market floundered, leading experts to believe they’ll continue to outperform the wider market as a “roaring comeback” for NFTs takes shape.
The growth of Bitcoin itself is also likely to provide fuel for $0DOG’s ascent: the OG cryptocurrency has enjoyed a positive start to the year, with the SEC approving Bitcoin ETFs in the United States already. Furthermore, the next halving event takes place in April, with 84% of investors expecting this to push BTC to new all-time highs, according to a CoinTelegraph study.
$0DOG tokens are available to presale buyers for a price of $0.015, beginning at 11:00 AM GMT. Prices will increase every 72 hours throughout the 30-day presale, ending at $0.0404 per token on the 15th of March.
$0DOG tokens are available to purchase on the BitcoinDogs.club website.
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 is being developed exclusively for $0DOG holders.
Website | Whitepaper | Socials
Contact
Bitcoin Dogs
marketing@bitcoindogs.club
Willemstad, Curaçao, February 13th, 2024, Chainwire
EarnBet.io, an online crypto gambling platform today proudly announces that it has processed over $1 billion in bets and transferred millions of dollars in rewards and cashback to its users and token holders, showcasing its dedication to player satisfaction and innovation
Since 2017, EarnBet has distinguished itself as a pioneering online betting platform, utilizing blockchain technology to offer unparalleled fairness, transparency, and player rewards.
The introduction of several exclusive in-house games and an avant-garde wallet system has streamlined the deposit and withdrawal process for top cryptocurrencies, enhancing the overall user experience.
Year of Transformation: Rebranding and Platform Enhancement
Over the past year, EarnBet.io has embarked on an ambitious journey of transformation, focusing on a complete platform overhaul and rebranding. This initiative aimed to elevate the user experience through new game introductions, enhanced reward programs, and a revamped user interface, signaling a new chapter of growth and development for the platform.
A significant update to the platform is the EarnBet Rakeback feature, offering up to 62.5% Rakeback, allowing users to immediately claim cash rewards on every bet, win or lose, further distinguishing EarnBet.io’s commitment to providing value to its users.
Diverse Gaming Portfolio and User-Centric Innovations
EarnBet.io’s commitment to delivering an unparalleled gaming experience is evident in its extensive game offerings. The platform has introduced a variety of in-house games, along with popular titles from renowned developers like NetEnt, NoLimit, Pragmatic Play, and BGaming. This expansion ensures a rich and diverse gaming portfolio, further enriched by a user-friendly interface designed to boost performance and foster community engagement through social features. In the coming months, EarnBet plans to expand its library even further by adding more betting games from multiple award-winning platforms, showcasing its commitment to providing players with a broad and engaging selection of games.
EarnBet.io has also reinforced its dedication to fairness with a provably fair gaming system, allowing players to independently verify the fairness of game outcomes. This commitment to transparency is further highlighted by the platform’s updated leaderboard, showcasing top players and their achievements, fostering a competitive yet fair gaming environment.
EarnBet.io’s platform overhaul has introduced an array of innovative features designed to revitalize the online betting experience. Among these are enhanced gameplay mechanics for classic casino games like blackjack and baccarat, which have been redesigned for an interactive and engaging user experience. Additionally, the platform has embraced the popularity of dice games, optimizing gameplay to fair outcomes.
Community-Focused Features and Rewarding Opportunities
At the heart of EarnBet.io’s ethos is a focus on community and player rewards. The introduction of a VIP Members Club and innovative features like the Rain Bot and a new tipping system enhance the platform’s social aspects, allowing players to engage with each other and share their successes. These initiatives not only foster a vibrant community but also provide players with opportunities to earn rewards, reinforcing EarnBet.io’s position as a player-centric platform.
Lastly, EarnBet’s EBET native token, allows users to speed up their cashback rewards if the token is staked. The EarnBet team points out that they intends to buy back EBET tokens like previously.
As EarnBet.io continues to advance, it remains focused on continuous innovation and enhancing player engagement. The platform’s commitment to introducing new games, improving user features, and incorporating cutting-edge technology is unwavering. This dedication ensures that EarnBet.io will continue to offer a superior online betting experience, characterized by enjoyment, fairness, and a strong community focus.
About EarnBet
From its inception, EarnBet.io has set a new standard in the crypto online betting industry, combining blockchain technology with a commitment to fairness, transparency, and user satisfaction. The recent platform enhancements and rebranding initiative mark a significant milestone in EarnBet.io’s journey, underscoring its dedication to innovation and superior gaming experiences. With these updates, EarnBet.io reaffirms its commitment to redefining online gaming, offering an unmatched experience that prioritizes player rewards, engagement, and a transparent gaming environment.
Contact
EarnBet Team
support@earnbet.io
Disclaimer
EarnBet is the source of this content. This release is for informational purposes only and does not constitute investment advice or an offer to invest. Information provided about EarnBet and its services, including online gambling and cryptocurrency betting, involves significant risks and may not be suitable for all individuals. Users should exercise caution and are encouraged to conduct their own research before participating in any gambling activities. Participation is at the user’s own risk and should be approached with financial prudence.
To say Bitcoin has dominated the crypto headlines of late would be an understatement. Even setting aside the SEC’s landmark approval of multiple spot bitcoin exchange-traded funds (ETFs) in January, BTC enthusiasts have had plenty to celebrate with the asset’s value growing by almost 15% in the last fortnight.
With the fourth quadrennial Halving coming up, Bitcoin’s Layer-2 ecosystem is also enjoying a moment in the sun, smashing several significant milestones that underscore the appeal of solutions built on Satoshi’s network. At long last, supporters of the blockchain have more than the “digital gold” narrative to trumpet: Bitcoin-based DeFi solutions are proving a smash hit.
Bitcoin L2 Comes of Age
As with Ethereum, Layer-2s on Bitcoin run atop the main chain with the goal of increasing its capacity to process transactions. These auxiliary networks, and the dApps they support, essentially build out the architecture of Bitcoin and broaden the appeal of its ecosystem.
When DeFi took off in 2020, Ethereum activity exploded and a number of Layer-2s (Arbitrum, Optimism etc) subsequently appeared offering superior throughput, lower costs, chain specialization, and dApp utility. The idea that Bitcoin L2s could follow a similar trajectory is undeniably appealing to BTC maxis.
Although Bitcoin L2s are at a much earlier stage than the preponderance we see on Ethereum, they are growing at a rapid rate. Payments on the Lightning Network, one of the best-known L2 solutions designed to lighten the load on the main chain, have grown by over 1200% in two years. Recent hype around BTC has also seen other significant developments.
Stacks, a Layer-2 network enabling smart contracts and dApps to use Bitcoin as a secure base layer, has been one of the big winners. The Total Value Locked (TVL) on Stacks surpassed all-time highs in January, peaking at $63 million on the day the ETFs were green-lit. Another L2 project, Rootstock, also hit its highest TVL in two years.
The feel-good factor extends to solutions anchored to L2s, like StackingDAO, a liquid staking protocol operating on Stacks. In just a month, the project became the second-largest DeFi protocol on Stacks by TVL, with over 10 million $STX tokens locked.
BitFlow, a native Bitcoin DEX, has also announced $2m TVL in its $stSTX LSD pool. Liquid staking derivatives – which let users access the liquidity of staked tokens that would otherwise be locked in a smart contract – was a major trend last year, with Lido becoming the single biggest defi dApp on Ethereum.
Given how many bitcoiners simply hodl their satoshis, LSDs – which let them stake for yield and put their capital to use in DeFi – could end up at the center of a veritable BTC L2 boom.
The recent uptick in Layer2 activity on the Bitcoin network is a sight to behold. The emergence of projects that advance the network’s utility through sophisticated L2 solutions seems destined to unlock new BTC use cases and accelerate demand for digital gold. If Bitcoin-based L2s can replicate those that spawned from Ethereum, the next 18 months will prove very interesting.
London, United Kingdom, February 9th, 2024, Chainwire
Bitcoin Dogs is set to be part of cryptocurrency history with the first ever ICO on the Bitcoin blockchain, launching on February 14th, 2024.
The presale for its native token, $0DOG, will last only 30 days, with an end date of the 15th March 2024, when it will become available for trading.
Accompanying the $0DOG coin will be an immersive metaverse GameFi experience and NFT collection, both available exclusively to token holders.
The sale will start with stage 1, priced at $0.015 per token, after which, the price will then automatically increase every 72 hours. The final stage of the presale will see each $0DOG token being sold at $0.0404, a 169.33% price difference to early-stage buyers.
The project is set to challenge Bitcoin Cats, which also launched on the Bitcoin Blockchain under 7-weeks ago, and is currently sitting at $24m in market cap, with over $7m daily trading volume.
Using the paradigm-shifting Ordinals protocol, players will store their NFTs on the Bitcoin BRC-20 blockchain, offering a new level of security and reliability when stacked up against competitors Solana and Ethereum.
Press the paws button: Inside the Bitcoin Dogs game
Bitcoin Dogs allows users to raise, trade, and race their pets in a play-to-earn (P2E) environment, drawing heavily on experiences like Tamagotchi or Axie Infinity.
The game invites players to look after their dogs in order to level them up. In-game token BARK powers this process; these can be earned by sharing activity on social media – a mechanism designed to bring new players into the fold.
As dogs reach maturity, they begin to earn $0DOG – the BRC-20 presale token and one that players can ultimately hold, sell, or bet with. Dog owners can battle it out in races to compete for each other’s $0DOG stash, creating a financial incentive for players to climb the leaderboards.
$0DOG tokens can also be staked to maximize rewards: presale stakers will unlock a 75% APR when they lock up their tokens.
Retro gaming graphics bring the Bitcoin Dogs world to life, with dogs stored on the blockchain as 10,000 individual NFTs with varying rarity levels. This ecosystem is given an extra layer of interactivity with NFT owners having the option to buy, sell, and even breed their dogs, creating a vibrant marketplace for dog lovers to interact with one another.
Since these NFTs are minted on the Bitcoin blockchain using the cutting-edge Ordinals protocol, there’s something for multiple cohorts of investors. Bitcoin maximalists get to enjoy NFTs without leaving the BTC ecosystem, and seasoned collectors can become early investors in the NFT market’s newest niche.
The Road Ahead for Bitcoin Dogs
The Bitcoin Dogs ICO is the simplest way to purchase $0DOG tokens. 90% of the 900,000,000 total supply will be available during the presale, with any unsold tokens (stray dogs) being “burned’ to create deflationary pressure.
After the presale, $0DOG will be available in the secondary market for trading Then, in Q2, comes the Bitcoin Dogs NFT collection, as well as the beta version of the Bitcoin Dogs game.
The game will continue to develop, with the addition of new P2E partnerships, and will officially launch to the public in Q3. Competitions and events will bolster the project’s marketing efforts, and the cross-chain bridge will go live too, bringing Bitcoin Dogs to its biggest audience yet.
The timing for $0DOG couldn’t be better
Now is the opportune moment for Bitcoin Dogs to strike since many experts are predicting the NFT craze will return. This is compounded by a range of bull market indicators. Additionally, given the success of first-generation projects like Bitcoin Cats last year, the team hopes that Bitcoin Dogs will excel and have a vibrant community.
Bitcoin itself is enjoying a bright start to 2024 that looks set to continue: Bitcoin ETFs were approved in January, and the next halving in April is coming up. Bitcoin Dogs is looking to ride this wave as the roadmap unravels throughout the year.
As the first ICO on the Bitcoin blockchain, making the ground-breaking union of NFTs, BRC-20 tokens, and cross-chain interoperability, the project and its $0DOG token are a rare leap forward in the crypto space.
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 is being developed exclusively for $0DOG holders.
$0DOG tokens will be available to purchase on the BitcoinDogs.club website on February 14th, 2024, at 11:00AM GMT.
Website | Whitepaper | Socials
Bitcoin Dogs is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest. Investing in cryptocurrencies can be volatile and dangerous.
Contact
Bitcoin Dogs
marketing@bitcoindogs.club
As the blockchain environment changes, new, innovative platforms always arise. The Ideal Cooperation Blockchain (ICB) Network has emerged into the spotlight with SertiK support due to its dedication to trustworthiness and transaction integrity. As a low-cost utility network, the ICB Network uses the Proof of Stake (PoS) consensus method to change how validation works and how blocks are made. This huge change will make things safer and give users a unique and smooth experience, setting a new standard for blockchain networks.
Within the ecosystem of the network, stakeholders are very important. They actively validate transactions and create blocks by “staking” tokens, protecting the network’s integrity by ensuring that people who have a stake in it are participating in running it. Further, adding biometric and Know-your-customer (KYC) information to Proof of Stake (PoS) technology strengthens security. This lowers the risk of attacks and builds trust between master nodes and users. Notably, this coming together of cutting-edge technologies makes blockchain networks more efficient and safe and shows how the crypto community works together to move the industry forward as a whole.
Most importantly, ICB Network has formed strategic relationships with top players like Binance Smart Chain, Ethereum, Polygon, and Avalanche. This is a big step towards making the blockchain ecosystem more robust and connected. Using the Ethereum Virtual Machine (EVM) standard, these partnerships allow different blockchain networks to work together without problems.
The Impact of EVM Standards and ICB Network on Blockchain Infrastructure
The adoption of EVM standards catalyzes developers, enabling them to conceive and deploy applications on the ICB blockchain infrastructure rapidly. Using Ethereum’s powerful development tools and EVM-compatible networks, this way not only makes the best use of resources but also lowers transaction costs and speeds up the network.
Utilizing these strengths aids the ecosystem’s growth, encouraging new ideas and creating more chances for developers and users. Also, ICB Network liquidity pools, which include important cryptocurrencies like ICB Coin and stablecoins, make the ecosystem even better by giving users more options, rewarding those who stake, and making it easier to exchange cryptocurrencies.
Moving further, the ICB Network connects different networks and makes it easier for people to trade. This network’s unique method effectively bridges networks for diverse exchange, allowing transactions to go smoothly between ecosystems. Users can get to more assets and markets by connecting these networks, which makes it easier for them to take advantage of chances more quickly and effectively.
The seamless experience of navigating between various networks is simplified by improving liquidity and broadening access across the cryptocurrency landscape. The ICB Network’s facilitation of effortless transitions between networks is pivotal in breaking down barriers and cultivating a more interconnected and efficient ecosystem. With this flexibility, traders can refine their strategies and capitalize on emerging opportunities.
Rise to Prominence
In its second-quarter milestone, the ICB Network emerges as a significant force in decentralized exchange (DEX) transactions, reshaping the narrative by enhancing trade security and reducing susceptibility to market manipulation.
The network’s innovative approach integrates staking methods and native derivatives, revolutionizing NFT trading for greater openness and efficiency. Notably, this alignment with the NFT Talent promotes transparent NFT transactions. Furthermore, the ICB Network catalyzes significant advancements in blockchain gaming through its support for GameFi, providing players with immersive entertainment experiences and lucrative earning opportunities.
The ICB Network is also leading the Native Metaverse effort with strategic partnerships with universities to work on cutting-edge projects exploring ways to earn cryptocurrency in the metaverse. Remarkably, the Metaverse is expected to reach a huge $400 billion valuation for virtual reality (VR) by 2025, and its reach goes beyond standard gaming areas, including social networks and virtual economies.
The ICB Network is positioning itself as a frontrunner in globalizing blockchain using advanced technologies and strategic partnerships. Undoubtedly, the platform’s expansion heralds a transformative era in blockchain technology, unlocking fresh opportunities and fostering widespread adoption across the globe.