Los Angeles, California, August 3rd, 2023, Chainwire
Entertainment and gaming franchise WAGMI Games has unveiled key appointments who will lead its quest to transform web3 entertainment. A number of flagship hires have been onboarded to the mobile-first gaming company with experience of leading global gaming studios.
WAGMI Games has sought to acquire top talent from established games companies whose skills can be brought to bear within a web3 environment. Chief among these is Esteban Gil, who led top-grossing mobile game Garena Free Fire and served as LPM (Lean Portfolio Management) at Respawn and Apex Legends. Esteban has assumed a similar role at WAGMI, where he will oversee business strategy development, with a focus on driving consumer-oriented products.
Esteban Gil said: “I’m excited to apply the skills and experience I’ve gained from the mobile space to the world of web3 and NFT technology. I believe that these technologies have the potential to revolutionize the gaming industry, and I’m thrilled to be a part of that journey. By leveraging these cutting-edge technologies, we can deliver even more engaging and immersive gaming experiences to our fans around the world.”
In addition, WAGMI Games has announced the appointment of Brent Pease, former Director of Operations at Electronic Arts. The highly experienced executive has assumed a combined COO/GM role at WAGMI, overseeing operations with a focus on implementing key growth strategies. Brent is a widely respected figure within the gaming industry, having founded Industrial Toys before assuming a senior role at Electronic Arts, which acquired his startup.
Brent Pease said: “’I am honored to have been asked to bring my 30 years of experience in building games and companies to this incredible team of passionate creators. This is the most exciting vision for players I have seen and I look forward to making amazing games at WAGMI that thrill our ever-growing community.”
WAGMI Games is on a mission to drive mass adoption of web3 games, which currently attract just 3% of the 3 billion players who regularly participate in gaming. The WAGMI team is confident that through driving down the barriers to participation, including onboarding friction and crypto wallet requirements, it can create highly engaging games that are mass market ready.
To solve these challenges, WAGMI Games has assembled a skilled team of professionals with a proven track record of developing and successfully launching blockbuster gaming titles. This talented lineup of founders, high-level executives, and producers are ideally qualified to refine every conceivable touchpoint, resulting in a gaming experience that delivers all of the upsides to web3.
“To have AAA talent like Brent and Estaban join our team is a real testament to what we are building,” states Ian Bentley, CEO. “They see clearly not only our vision as a franchise, but also this once in a lifetime opportunity to be a part of history in evolving the gaming space.”
From production and management to game balancing and marketing, WAGMI Games has meticulously recruited outstanding candidates for each role, making it optimally positioned to fulfil its promise of creating mainstream web3 games with viral appeal and longevity.
WAGMI’s ability to convince Esteban Gil and Brent Pease to join its team are a testament to the company’s vision and an endorsement of web3 gaming. At WAGMI, they will play a key role in helping the company bring mobile gaming to a new audience. Brent’s extensive experience and extensive network of contacts will be instrumental in driving WAGMI Games’ growth, while Esteban is leading a comprehensive redesign of the company’s game economy, meticulously organizing live operations and future expansions.
About WAGMI Games
WAGMI Games is a community-led entertainment franchise combining high-fidelity graphics, sustainable in-game economies and vibrant communities to create a first of its kind crypto gaming experience. By enabling players to purchase assets using fiat in-app, WAGMI bypasses the limitations of existing web3 applications while onboarding a new generation of users to digital collectible and the power of player-owned assets.
Learn more: https://wagmigame.io/
Contact
Dan Edelstein
pr@marketacross.com
Singapore, Singapore, August 2nd, 2023, Chainwire
OKX, a leading Web3 technology company, today announced the launch of a new account abstraction-powered Smart Account feature on its OKX Wallet, enabling users to pay for transactions on multiple blockchains using USDC or USDT.
OKX Wallet will soon launch additional account-abstraction powered features, including social recovery functionality. This will enable users to select trusted “guardians” from their social network to help them recover their Smart Account if they lose their keys.
OKX Wallet is one of the first wallets in Web3 with multi-chain account abstraction support. With Smart Account, users can now interact with multiple contracts in a single transaction. This enhances composability for advanced users and adds convenient features for beginners, creating a more user-friendly and intuitive wallet experience.
OKX Chief Innovation Officer Jason Lau said: “Our aim is to provide our users with the most accessible, secure, and powerful Web3 gateway. The Smart Account feature will play a significant role in achieving this goal. Account abstraction technology is a game-changer for the broader adoption of Web3 and enables new use cases and user experiences. We are excited to share more as we continue to build on top of this feature.”
Account abstraction simplifies crypto transactions by enabling the creation of Web3 wallet accounts that conceal the more technical details of their on-chain interactions behind a more accessible and user-centric interface. This is achieved by combining users’ smart contracts and Externally Owned Accounts (EOAs) into a single “smart” account, providing a more unified Web3 experience.
The account abstraction-powered Smart Account simplifies some of the complexities of blockchain transactions; for example, one of the biggest painpoints that users face is the need to navigate the complex transaction process and decipher technical terms such as ‘gas fees’ and ‘Gwei.’ Smart Account addresses this painpoint by reducing the number of steps required to complete a token swap or trade to just one click.
OKX Chief Marketing Officer Haider Rafique said: “We promised our customers and the larger DeFi community that we would prioritize security and interoperability as we build our Web3 wallet and apps. We support 60+ cross-chains, Multi-Party Computation (MPC), and now with Smart Account, we offer a stablecoin account that can interact with transactions on multiple blockchains without the need for a specific blockchain’s native token, with a social recovery feature coming soon. This is a game-changer, and we believe it has the ability to make transactions between chains a lot more seamless.”
Additional benefits of OKX Wallet’s Smart Account feature include:
Gas fee-related
- The option to pay for gas on any of the supported chains using stablecoins USDC and USDT.
- Users can also conduct gasless transactions if third-party dApps choose to sponsor their on-chain interactions.
- Elimination of the need for users to pay gas fees with each individual chain’s native token.
Simplified token swaps and staking
- Smart Account combines multiple stages of the swap and staking process into a single step. Users can exchange tokens and earn interest by staking crypto with just one click.
OKX Wallet currently supports account abstraction technology on seven blockchains: Ethereum, Polygon, Arbitrum, Optimism, BNB Chain, Avalanche and OKT Chain. It is also the first Web3 wallet to utilize multi-party computation (MPC) technology across 37 blockchains, eliminating the need for traditional written down keys and seed phrases by splitting a user’s private key into three parts, greatly improving security and eliminating a single point of failure.
About OKX
A leading global technology company driving the future of Web3, OKX provides a comprehensive suite of products to meet the needs of beginners and experts alike, including:
- OKX Wallet: The world’s most powerful, secure and versatile crypto wallet which gives users access to over 50 blockchains while allowing them to take custody of their own funds. The wallet Includes MPC technology which allows users to easily recover access to their wallet independently, removing the need for traditional, ‘written down’ seed phrases
- DEX: A cross-chain decentralized exchange which aggregates nearly 200 other DEXs, with 200,000+ coins on more than 10 blockchains available.
- NFT Marketplace: A multi-chain, zero-fee NFT marketplace that gives users access to NFT listings across seven top-tier marketplaces including OpenSea, MagicEden, LooksRare and Blur.
- Web3 DeFi: A powerful DeFi platform that supports earning and staking on 80 protocols across 15 chains.
OKX partners with a number of the world’s top brands and athletes, including: English Premier League champions Manchester City F.C., McLaren Formula 1, The Tribeca Festival, Olympian Scotty James, and F1 driver Daniel Ricciardo.
As a leader building innovative technology products, OKX believes in challenging the status quo. The company recently launched a global brand campaign entitled, The System Needs a Rewrite, which advocates for a new paradigm led by Web3 self-managed technology.
To learn more about OKX, download our app or visit: okx.com
Disclaimer
The information displayed is strictly for educational and informational purposes only. It does not constitute and shall not be considered as an offer, solicitation or recommendation, to deal in any products (including any NFT or otherwise), or as financial or investment advice. Both OKX Web3 Wallet and OKX NFT Marketplace are subject to separate terms of service at www.okx.com.
Contact
OKX
Media@okx.com
Seoul, South Korea, August 3rd, 2023, Chainwire
The inaugural edition of the Seoul Web3 Festival, hosted by Seoul City, Baobab Partners, and the Seoul Design Foundation with the support of Cronos Labs, reached a successful conclusion today after 3 days of hackathon, start-up demonstrations and NFT exhibition.
65 teams, representing 245 team members, were selected to participate in the hackathon. They received hands-on mentoring and technical support from Cronos Labs so that they could build Web3 projects on the Cronos blockchain. 10 winning projects were selected by the jury based the innovative nature of their solution, as well as their potential to drive mass adoption of Web3 and their positive impact on underprivileged communities.
Hackathon judges included representatives from Cronos Labs, Crypto.com, Microsoft, Alibaba Cloud and Ledger.
Finalist teams delivered innovative prototypes such as: a tool that leverages AI to remove sensitive biometric data from NFT images uploaded to decentralized storage; a voice identification app based on AI and zero-knowledge proofs to warn users in case of phishing scams; and various DAO protocols which take advantage of the wisdom of the crowd to report natural disasters or safety hazards.
Ken Timsit, Managing Director of Cronos Labs, said: “I am grateful for the opportunity to accompany the City of Seoul for the inaugural edition of the Seoul Web3 Festival. Cronos Labs mobilized some of our most experienced blockchain specialists in order to provide in-person support to hackathon participants. The connections forged with the local developer community are sure to create a strong pipeline of interest for the various Cronos ecosystem development programs such as the Cronos Builders Program, the Ecosystem Grant Program and the Cronos Accelerator Program.”
Cronos Labs views Korea as a top crypto market, and views Korea’s developer ecosystem as a major contributor to the global DeFi and GameFi markets. Cronos’ significant participation in the Seoul Web3 Festival highlights the growing global interest in the Korean crypto and blockchain industry.
About Cronos
Cronos (cronos.org) is the leading EVM-compatible layer 1 blockchain network built on the Cosmos SDK, supported by Crypto.com, Crypto.org and more than 500 app developers and partners. The mission of Cronos is to make it easy and safe for the next billion crypto users to adopt self-custody in Web3, with a focus on DeFi and GameFi.
Cronos has skyrocketed to a top 10 position among all chains and is adopted by >1 million users. The chain is powered by the Cronos ($CRO) cryptocurrency, which supports an ecosystem of more than 80 million users worldwide.
To build on Cronos, application developers can leverage: all the major Ethereum developer tools; Cronos Play, a suite of tools and integrations for Unity, C++ and Unreal games; IBC cross-chain connectivity to Cosmos chains; and a rich ecosystem of composable DeFi and GameFi Dapps.
Cronos Labs is the R&D, ecosystem development, and start-up accelerator arm of the Cronos chain.
Contact
Avishay Litani
pr@marketacross.com
Hong Kong, Hong Kong, August 2nd, 2023, Chainwire
Terminal 3, a Hong Kong-based Web3 startup, has successfully raised an oversubscribed pre-seed round to build user data infrastructure for a decentralized future. The company announced today a world-class investor group comprising 500 Global, CMCC Global, Consensys Mesh, Bixin Ventures, BlackPine, DWeb3, Hard Yaka, Bored Room Ventures, Mozaik Capital, and others.
The company aims to replace centralized data storage that deprives users of privacy and saddles enterprises with compliance and security issues and their associated costs. Terminal 3 leverages decentralized storage and zero-knowledge proofs to empower an equitable Web3, where user data is freely composable while remaining fully private and secure.
“The continued growth in blockchain allows us to reimagine digital data ownership and security,” said Gary Liu, CEO of Terminal 3. “We believe that data should flow freely between applications to drive innovation and improve user experience, but not at the expense of personal privacy and control.”
Terminal 3 was co-founded by Gary Liu alongside his partners Malcolm Ong (CPO) and Joey Liu (COO). All three were former entrepreneurs and business leaders who have built, scaled, and transformed some of the world’s leading technology companies. The co-founders previously worked together at the South China Morning Post, where they led the historic newspaper’s successful digital transformation. Gary was the Post’s CEO, while Malcolm and Joey were SVP of Product and Head of Strategy respectively.
Malcolm was also the Co-founder and CTO of Skillshare, the world’s largest online learning community for creativity, while Gary and Joey co-founded Artifact Labs, a Web3 startup backed by Blue Pool Capital and Animoca Brands that is preserving historical assets on the blockchain. Gary is also the Founding Chair of Web3 Harbour, an association in Hong Kong serving Web3 builders, investors, users, and leaders.
“I believe Gary, Malcolm, and Joey are perfectly suited to address data privacy problems that plague the internet,” said Vishal Harnal, Managing Partner at 500 Global. “Their mix of consumer startup success and expertise in enterprise technology could help bridge a critical gap between the old world of centralized data and the new world of decentralized identity.”
Growing Need for Alternative Data Infrastructure
Over the past five years, new regulations on data privacy have created a stringent environment for the storage and use of personal information worldwide. Led by Europe’s General Data Protection Regulation (GDPR) and China’s Personal Information Protection Law (PIPL), global regulators and lawmakers are increasingly holding enterprises accountable for the protection of individual privacy. This trend is set to continue with the approval of the Digital Market Act in Europe and upcoming GDPR-inspired laws in the United States and around the world.
US and UK corporations have spent over US$9 billion on GDPR compliance since 2018, with those investing incurring average costs of US$1 million annually. However, over 40% of companies still lack any budget for such compliance while GDPR fines continue to grow, with Meta alone sustaining over US$2.3 billion in penalties.
Data security is also a costly enterprise concern as data breaches accelerate in frequency. Global spending on data security and risk management products is projected to exceed US$188 billion in 2023. However, in a world where 90% of companies rely on multi-cloud environments, data privacy and security issues will grow regardless of investment.
Blockchain technology is increasingly viewed by corporate executives as a solution for user data privacy and security. In a recent survey of US Fortune 500 companies, Coinbase found that 51% of enterprises that use or plan to use blockchain employ the technology for ‘Data Collection and Management’.
“Terminal 3 is a compelling alternative to the non-compliant and unsecured data infrastructure that enterprises rely on today,” said Shawn Cheng, Partner at Consensys Mesh. “Data regulations and security laws are becoming more stringent around the world, and companies are finally realizing that self-sovereign data is a great solution for both users and enterprises. We are excited to be involved in this important project.”
“Scaling Web3 will require the re-invention of core enterprise technologies,” added Gary Liu. “Terminal 3 is building solutions that serve both corporations and individuals, to enable this critical shift in our digital world.”
About Terminal 3
Terminal 3 is a Hong Kong-based Web3 startup building user data infrastructure for a decentralized future. The company’s solutions are an alternative to centralized data storage that deprives users of privacy and saddles enterprises with compliance and security concerns. Terminal 3 leverages decentralized storage and zero-knowledge proofs to empower an equitable Web3 where user data is freely composable while remaining fully private and secure. The company’s founders are successful corporate executives and entrepreneurs, who have built, scaled, and transformed some of the world’s most important companies. Terminal 3 is also backed by world-class investors including 500 Global, CMCC Global, Consensys Mesh, Bixin Ventures, BlackPine, DWeb3, Hard Yaka, and Bored Room Ventures.
For more information about Terminal 3, please visit Terminal 3’s: Official Website | Twitter | LinkedIn
Contact
Joey Liu
Terminal 3
joey@terminal3.io
HONG KONG, HONG KONG, July 26th, 2023, Chainwire
OKX, a leading crypto exchange by trading volume and Web3 technology company, has published its industry-best ninth consecutive monthly Proof of Reserves (PoR), showing a balance of USD$11.3 billion in BTC, ETH and USDT.
OKX’s PoR covers 22 commonly used digital assets and demonstrates that OKX has maintained a reserve ratio exceeding 100% for nine consecutive months across all those assets. In addition to BTC, ETH and USDT, the assets included in OKX’s PoR are: USDC, XRP, DOGE, SOL, OKB, APT, DASH, DOT, ELF, EOS, ETC, FIL, LINK, LTC, OKT, PEOPLE, TON, TRX and UNI.
OKX stores the majority of its reserves in highly secure off-chain cold storage. It has seen hundreds of thousands of users engage with its PoR, visit its PoR page and view their self-audits since first launching its PoR page in late 2022.
OKX’s current reserve ratios are as follows:
- BTC: 103%
- ETH: 103%
- USDT: 103%
OKX Global Chief Commercial Officer Lennix Lai said: “Public-facing disclosures of both reserves and liabilities are essential to ensure long-term accountability in our industry. However, point-in-time attestations of reserve holdings mean little—instead, sustained and consistent disclosures are needed. As the industry leader when it comes to monthly PoR reporting, with more consecutive monthly snapshots than any other top exchange, our commitment to transparency is unwavering.”
OKX will continue to publish its monthly PoR while providing a self-audit tool to all users. The open-source verification tool enables users to independently verify OKX’s solvency and confirm their assets are backed by OKX reserves while maintaining their privacy.
OKX has published over 210,000 addresses for its PoR program, and will continue to allow the public to view its asset flows.
Users can view the latest PoR report, reserve ratios, and verify OKX’s solvency here.
For further information, please contact:
About OKX
OKX is a leading global crypto exchange and Web3 ecosystem. Trusted by more than 50 million global users, OKX is known for being the fastest and most reliable crypto trading app for traders everywhere.
As a top partner of English Premier League champions Manchester City FC, McLaren Formula 1, Olympian Scotty James, and F1 driver Daniel Ricciardo, OKX aims to supercharge the fan experience with new engagement opportunities. OKX is also the top partner of the Tribeca Festival as part of an initiative to bring more creators into web3.
Beyond OKX’s exchange, the OKX Wallet is the platform’s latest offering for people looking to explore the world of NFTs and the metaverse while trading GameFi and DeFi tokens.
OKX is committed to transparency and security and publishes its Proof of Reserves on a monthly basis.
To learn more about OKX, download our app or visit: okx.com
Disclaimer
THIS ANNOUNCEMENT IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY. IT IS NOT INTENDED TO PROVIDE ANY INVESTMENT, TAX, OR LEGAL ADVICE, NOR SHOULD IT BE CONSIDERED AN OFFER TO PURCHASE, SELL, OR HOLD DIGITAL ASSETS. DIGITAL ASSETS, INCLUDING STABLECOINS, INVOLVE A HIGH DEGREE OF RISK, CAN FLUCTUATE GREATLY, AND CAN EVEN BECOME WORTHLESS. OKX IS NOT REGULATED BY THE FCA, THUS, PROTECTIONS SUCH AS THE FINANCIAL OMBUDSMAN SERVICE OR FINANCIAL SERVICES COMPENSATION SCHEME WILL NOT BE AVAILABLE. YOU SHOULD CONSIDER WHETHER YOU UNDERSTAND HOW CRYPTO WORKS AND WHETHER TRADING OR HOLDING DIGITAL ASSETS IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION. THE VALUE OF YOUR DIGITAL ASSETS, INCLUDING STABLECOINS, CAN INCREASE OR DECREASE AND PROFITS MAY BE SUBJECT TO CAPITAL GAINS TAX. PAST PERFORMANCE DOES NOT INDICATE FUTURE RESULTS. PLEASE CONSULT YOUR LEGAL/TAX/INVESTMENT PROFESSIONAL FOR QUESTIONS ABOUT YOUR SPECIFIC CIRCUMSTANCES.
Contact
OKX
media@okx.com
London, England, July 24th, 2023, Chainwire
cheqd, a start-up creating the trusted data economy, where users and organizations have full control and portability of their data, is launching Creds – a platform for issuing, holding and sharing digital credentials to build portable reputation.
Announced at the Nebular Summit today in Paris, Creds, is a platform to issue digital credentials, or “creds”, which are a portable, reusable, privacy-preserving, and a secure way to prove identity, build decentralized reputation, and establish trust.
Creds addresses a number of Web3 challenges, in particular, community security, engagement, trust, the wave of distrust created by generative AI, and privacy concerns.
Community security, portable trust and decentralized reputation
One of the biggest challenges in Web3 is security. One report shows that crypto scams wiped out nearly $150M in a single week and mass scale distrust in communities. With Creds, projects can confirm personhood and ownership of handles, wallets, and reputation, proving admin and moderator role/status across platforms, including Discord and Telegram, and preventing impersonation, Sybil attacks, and scams. Fake content, news and even people are being supercharged with the advent of generative AI, compounding the issues.
The way to combat this issue is through trust and reputation. Meaning that individuals should be able to build their verifiable reputation and port it across different communities and platforms. Creds allows exactly that with the added feature of privacy, whereas individuals can choose to share one or a collection of credentials for others to verify as real.
Community engagement and gamification
Gamification enhances user engagement and drives customer acquisition and retention. Companies that use gamification are more profitable than those that don’t. Creds adds a reputation layer to community strategy enabling projects and individuals to explore gamification mechanics, such as incentivized quests and learn-to-earn, create unique reputation and trust systems, and increase real engagement.
“More and more organizations are looking to become community-focused to take advantage of the rising community economy. As an example, it’s preferable to have a smaller number of real active community members, or superfans, than to have a group with thousands of bots.”, expands Eduardo Hotta, Head of Marketing & Community at cheqd.
Privacy-preserving
Trust and reputation systems have been tried with the use of Non-Fungible Tokens (NFTs) and SoulBound Tokens (SBTs) with varying levels of success. Creds are different to NFTs and SBTs, as they are private, revocable, and can be taken to different platforms and ecosystems, since all personal data is off-ledger, where it remains private and secure. Data is cryptographically signed and verified by decentralized identifiers (DIDs) on-chain, making it a trusted data.
Fraser Edwards, CEO and Co-founder of cheqd explains: “Creds offers a privacy-preserving alternative to the surveillance enabling tech of SBTs and NFTs where you have little control over your privacy, as activities and other information are written on the ledger making it public and immutable. Creds are collectable, portable, secure and verifiable; it has all the best things that the NFT and SBT have with the addition of everything else they are missing.”
Launch
cheqd kicked off the launch of Creds and its verifiable credentials by issuing creds to attendees at the Nebular Summit. Attendees, with their creds, have a verifiable way to prove they were at the event, without giving up any personally identifiable information about themselves. And, just like an NFT, their creds are collectable and can be kept as a memoir of the event they attended.
Sebastien Couture, Founder of Nebular Summit and Interop Ventures says: “Our goal for Nebular Summit is to showcase the innovative technology emerging from the interchain ecosystem, and offering credentials to all attendees is a really unique and personalized experience to showcase these innovations. We’re excited to build from this first edition and use them to offer future benefits, like early registration to our events throughout the year.”
For further questions or interview requests, please contact Avishay Litani at avishay@marketacross.com.
creds.xyz
About cheqd
cheqd (cheqd.io) is a privacy-preserving payment and credential network that allows users and organisations to gain control and portability of their data. cheqd builds upon Decentralised Identity, Self-Sovereign Identity (SSI), and Digital or Verifiable Credentials (VCs) with payment infrastructure to create Trusted Data markets as an entirely new industry category. Put simply, you can now issue credentials and get paid to do so.
With its technology, cheqd is creating a new paradigm around Trusted Data economies such as lending markets in Web3, preference data markets, and others where the user is at the centre. It empowers consumers and businesses with full ownership, portability, and control over their data and identities. In addition, this data can be transacted within a cutting-edge payment network that prioritises individual privacy and market-first principles. The scale of distribution is unmatched as cheqd engages with organisations across Lending, Supply Chain, eCommerce, Education, Manufacturing, Gaming and other sectors.
cheqd also features a decentralised reputation platform (creds.xyz) to incentivise and engage Web3 communities though learning credentials, as well as protect users from fraud and scamming across Discord, Telegram and beyond.
cheqd.io
Contact
Avishay Litani
MarketAcross
avishay@marketacross.com
Dubai, UAE, July 23rd, 2023, Chainwire
The world’s first loyalty token tailored for telecom carrier businesses, Zeebu (ZBU), has been successfully listed on global cryptocurrency exchange LBank. From today, users of the LBank Exchange can officially trade the ZBU/USDT trading pair.
The milestone marks a significant step in the journey of Zeebu, whose goal is to empower telecom carriers with loyalty rewards and streamline invoice settlements within its ecosystem.
Listing Details:
- Trading Pair: ZBU/USDT
- Start Deposit: 07:00 on July 21, 2023 (UTC)
- Start Trading: 12:00 on July 21, 2023 (UTC)
- Start Withdrawal: 07:00 on July 22, 2023 (UTC)
The Zeebu loyalty token is specifically designed to revolutionize the telecom carrier industry by incentivizing and rewarding telecom carriers within its eponymous ecosystem. With a robust and redeemable loyalty token, Zeebu empowers carriers by simplifying and accelerating invoice settlements, among other advantages.
The ZBU token represents a reward for both customers and merchants, with every successful invoice settlement triggering token rewards, which can in turn be used to settle invoices or alternatively, swiftly converted on token exchanges.
The Zeebu platform’s commitment to creating a user-friendly loyalty and rewards system ensures a seamless fit with the unique demands of the telecom carrier market. By facilitating fast, frictionless transactions, Zeebu brings meaningful benefits to carriers and paves the way for a more interconnected telecom ecosystem.
By eliminating the need for traditional banking channels and intermediaries in cross-border settlements, the unified settlement platform unlocks significant cost savings for high-volume carrier businesses, potentially boosting their bottom line by up to 120%. Moreover, the removal of complexities ensures a streamlined settlement process to maximize efficiency.
All telecom carriers and enthusiasts are invited to join the Zeebu ecosystem and be a part of the telecom revolution. For more information, please visit www.zeebu.com.
About Zeebu
Zeebu is the world’s first loyalty token rewards system tailored for telecom carrier businesses. By transforming the settlement experience for users, Zeebu aims to empower telecom carriers with loyalty rewards, streamline invoice settlements, and unlock innovation.
Contact
Sneha Biradar
sneha.biradar@zeebu.com
MOOKY, the groundbreaking memecoin poised to redefine the crypto landscape, is gearing up to make its grand debut in July 2023. With an array of exciting features such as CEX listings, NFT integration, and an extensive marketing campaign, MOOKY is set to establish itself as the leading memecoin of the year.
As the final stage of the presale approaches, anticipation is reaching new heights. Investors and crypto enthusiasts eagerly await the opportunity to get their hands on MOOKY tokens and be part of this groundbreaking journey.
One of the key milestones for MOOKY is its upcoming listing on prominent exchanges, BitMart and LBank. This strategic partnership will provide MOOKY with increased accessibility and liquidity, attracting a broader audience of investors. Additionally, the team is planning an exciting Uniswap launch to enhance further MOOKY’s presence in the decentralized finance (DeFi) ecosystem.
In line with its innovative approach, MOOKY recognizes the significance of non-fungible tokens (NFTs) in the crypto space. Integrating NFT functionality, MOOKY opens up new avenues for token utility and engagement. The team envisions a vibrant NFT marketplace where MOOKY holders can explore unique digital assets and unlock exclusive experiences.
To ensure widespread awareness and adoption, MOOKY is rolling out an extensive marketing campaign. By leveraging various channels and influencers, MOOKY aims to capture the attention of the crypto community and beyond. The team is dedicated to fostering a strong and supportive community where members can connect, share insights, and contribute to MOOKY’s success.
With the final presale stage underway and the launch just around the corner, now is the perfect time to get involved with MOOKY. Stay tuned for more updates and announcements as MOOKY revolutionizes the memecoin space in 2023.
To learn more about MOOKY and participate in the presale, visit www.mooky.io.
About MOOKY
MOOKY is a forward-thinking memecoin that aims to redefine the crypto landscape in 2023. With its CEX listings, NFT integration, and extensive marketing campaign, MOOKY is set to lead the way as the top memecoin of the year. Join the MOOKY community and be part of the future of memecoins.
San Francisco, US, July 17th, 2023, Chainwire
Portal, a self-hosted wallet and true cross-chain Layer-2 DEX built on Bitcoin, is thrilled to announce that LFG Market, a marketplace for Ordinal NFTs and Bitcoin-based BRC-20 tokens, has chosen to integrate the Portal DEX protocol to offer users cross-chain trading of Ordinals and BRC-20 tokens. The integration of Portal DEX will make cross-chain transactions between Bitcoin and other digital assets fast, secure, and private.
With this, LFG users will be able to purchase the Ordinal NFTs and BRC-20 tokens using assets from other chains such as Ethereum without bridges or custodians. Utilizing Portal’s “cross-chain Atomic Swaps” technology for payments in any NFT marketplace is a monumental “first” in the NFT ecosystem.
“LFG is looking for solutions that allow ETH and other NFT collectors seamless access to Ordinal trading, and we found Portal to be the best solution available. So it makes total sense to integrate Portal’s DEX protocol,” said LFG Market Co-founder Jason Rosenstein.
The creation of Ordinal inscriptions on the Bitcoin blockchain has led to over $210 million in Ordinals trading volume, according to the latest quarterly report by DappRadar. With DEXes gaining a stronger foothold in the crypto industry, the interest in NFTs on Bitcoin is only expected to shoot up in the future. According to Nansen, 4% of the US population owns an NFT; but it was almost non-existent on Bitcoin until the Ordinals revolution in 2023.
For Ordinals to truly take off as the value layer for data and information, cross-chain solutions are needed to bring the much bigger non-Bitcoin NFT audiences from across the blockchain space to access Bitcoin Ordinals with security and trust-minimization. Whether it’s Eth NFT fans or Solana NFT fans, there still is no ability to exchange their treasured NFTs in a trust-minimized way across chains. “Bridge” solutions and wrappers are cumbersome, often custodial, and highly vulnerable to security threats.
Portal’s “cross-chain Atomic Swaps” functionality being built into LFG Market and other DEXes allows for stablecoin payments – that today only exist on EVM-compatible chains – seamless access to Bitcoin BRC-20 and Ordinal purchases.
While the LFG Market currently accepts payments only in BTC, other tokens such as ETH, USDC, USDT, and even tokens on Layer 2 EVMs like Arbitrum and others will be accepted after integrating the Portal DEX protocol. Since Portal’s Atomic Swaps operate at Layer 2 without bridging, it is both the safest and least-expensive way to trade cross-chain. Portal is working on supporting as many compatible blockchains, wallets, and DeFi apps as possible.
Portal CEO Chandra Duggirala said, “Based on our research, we know that marketplace and DEX operators value UX and liquidity. We’ve worked tirelessly to ensure that our infrastructure integrates smoothly with their existing setups, minimizing engineering overhead, while cross-chain liquidity aggregation helps them increase volumes and offer more assets and features to their users.”
Portal believes that blockchains are “specialized” and that each chain is optimized to do one thing, at the expense of other tradeoffs. Bitcoin is purpose-designed to be sound, peer-to-peer money with superior censorship resistance. Ethereum, on the other hand, was designed for composable utility. By enabling seamless swapping of assets between incompatible chains, Portal helps aggregate liquidity across many chains, ending the fragmentation problem, and helping marketplaces like LFG and others grow their user bases and value propositions.
About LFG Market
LFG’s mission is to create a platform that simplifies and enhances the trading process of Ordinals and BRC-20 tokens. LFG is a seamless and efficient trading environment that enriches the digital asset ecosystem and facilitates novel financial interactions on top of Bitcoin.
For further information, visit: Website | Twitter | Discord
About Portal
Portal is building the cross-chain DEX protocol and ecosystem tools to help DEXes and users seamlessly own, exchange and contract across blockchains while minimizing custodial risk. With Portal, DeFi becomes a service that anyone can provide, maintaining anonymity within open, transparent markets with a security model as robust as Bitcoin mining.
For media inquiries, please contact: press@portaldefi.com
For further information, visit: Website | Twitter | Telegram
Contact
CEO
Chandra Duggirala
Portal
hello@portaldefi.com
Singapore, Singapore, July 13th, 2023, Chainwire
Recently, ungrounded allegations are spreading on social media regarding a supposed “decline in assets” at global major exchange Huobi. To prevent panic among users, Huobi has released a necessary response based on data and facts.
On July 1, the crypto giant published its Merkle Tree-based proof of reserves for July, confirming that the total assets the platform holds in custody for users exceed $3 billion.
Misleading claims stem from outdated data on third-party platform
Since July 6, some social media influencers have posted unsubstantiated claims about “asset decline” at Huobi. In response, the exchange made the following statements:
Those influencers’ claims are based on asset data provided by Glassnode. However, according to professional analysis, the data obtained by Glassnode is inaccurate, with evident gaps and omissions in addresses. This is due to the following reasons:
1. Huobi’s major cold and hot wallet addresses used for asset storage have been changed since the completion of a share transfer on October 8, 2022.
2. Huobi’s assets are distributed across multiple chains, including 400 million USDT on TRON, 6,500 TRC20 BTC, and a portion of ETH used as collateral for ETH validators. However, Glassnode failed to promptly update relevant data based on this information and changes.
Huobi has established contact with Glassnode and requested the necessary data updates.
Huobi has voluntarily disclosed its major addresses since the end of November 2022. Following the collaboration with Nansen, a blockchain analytics platform, Huobi has provided Nansen with the relevant addresses. Furthermore, all address changes whether resulting from the replacement of major shareholders or due to system upgrades have been synchronized with Nansen.
The Huobi assets details displayed on Nansen can be found publicly at: https://portfolio.nansen.ai/dashboard/huobi
In reality, this steep decline is not caused by any changes in the platform security or user trust. Instead, it can be attributed to Huobi’s withdrawal from certain markets. Therefore, it is important to understand that both the fluctuations in user base and assets are within the realm of normalcy.
Since the beginning of 2023, Huobi has maintained a stable and upward momentum, without experiencing any significant changes.
Pursuit of asset transparency by upholding highest industry standards in safeguarding user assets
As a prominent digital asset exchange, Huobi prioritizes its users and considers the protection of user funds as its primary responsibility. Huobi’s on-chain wallet assets are publicly transparent, and users can verify at any time that their funds have a 1:1 backing of real assets.
Starting in 2023, Huobi updates the Merkle Tree-based proof of reserves every month and publishes it to the public. Currently, Huobi’s on-chain assets ensure permanent 100% redeemability for user assets. Users can view Huobi reserves of BTC, ETH, BETH, TRX, USDT, and HT in detail on the asset audit page of Huobi’s official website, including reserve ratio, Huobi wallet’s assets, and Huobi’s user assets.
The specific asset proof of reserves can be viewed at: https://www.huobi.com/en-us/finance/merkle/.
The assets applicable for Proof of Reserves are BTC, ETH, BETH, USDT, TRX, and HT.
Huobi’s current reserve ratios are as follows:
USDT: 100%
BTC: 101%
ETH＋BETH: 103%
HT: 103%
TRX: 103%
In the future, Huobi will continue to publish Merkle Tree PoR to the public and put users first with professional and reliable digital asset trading services in line with high industry standards.
About Huobi
Founded in 2013, Huobi has evolved from a crypto exchange into a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, wallets, research, investment, incubation and other areas. Huobi serves millions of users worldwide, with a business presence covering over 160 countries and regions across five continents. Its three development strategies – “global development, technology drives development, and technology for good” underpin its commitment to providing comprehensive services and values to global cryptocurrency enthusiasts.
Contact
Michael Wang
glo-media@huobi.com