Crypto Intelligence

Los Angeles, United States, 7th February, 2023, Chainwire

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DeSo is excited to announce the launch of MegaSwap – a revolutionary, cross-chain smart service that enables users to securely and easily swap coins between different blockchains with a frictionless zero-login. MegaSwap solves various critical pain points, including onboarding new users and liquidity to any web3 application across any blockchain ecosystem. 

In its limited release, the platform has already seen more than $5 million in volume, demonstrating its potential to revolutionize the crypto market with cross-chain swaps. 

MegaSwap offers an alternative and safer solution to the traditional centralized exchange model where users don’t ever have to log in or provide sensitive personal information. Instead of storing their coins on a centralized exchange, users can store them in their own self-custody wallets to mitigate the risk of unforeseen meltdowns, such as those seen with FTX, BlockFi, Celsius, or Voyager. 

MegaSwap is a simple, innovative solution for developers seeking to build web3 applications on different blockchains. Developers can install its frictionless zero-login API with a single line of code, making their apps chain-agnostic and accessible from any blockchain. For the first time, apps on Ethereum can easily compose with apps on Solana or DeSo. MegaSwap thus makes it easier for liquidity and new users to be onboarded into any blockchain ecosystem.

“One of the biggest use cases we think will have the greatest impact is onboarding new users that don’t own your coin. That all changes with MegaSwap, where devs can leverage crypto-to-crypto swaps between any two coins no matter what blockchain ecosystem they’re in. This last use case is a great wedge because it solves the biggest pain point for every blockchain dev today: getting new users without making them buy your coin on an exchange.” – Founder of DeSo, Nader Al-Naji, explains.

The blockchain ecosystem is currently fragmented, making it hard for users who want to try out different web3 apps. With MegaSwap, users can easily and securely swap between Ethereum, Solana, Bitcoin, DeSo, and USDC, with support coming soon for other blockchains like NEAR, ADA, Doge, and more! This makes it easier than ever to move funds between blockchains allowing communities to seamlessly navigate from app to app.

DeSo is committed to creating a Social Layer for Web3 that allows communities to seamlessly transition between different blockchains. The launch of MegaSwap is a testament to this commitment and eliminates a major hurdle preventing the mass adoption of cryptocurrencies.

This is yet another example in a recent string of successes for ​​DeSo. Recently, they launched a breakthrough fundraising platform called Openfund that enables entrepreneurs to launch tradeable coin-backed fundraising rounds via the world’s fastest order book exchange. 

With the combination of Openfund and MegaSwap, founders and builders can easily fund projects, acquire new users, and expand their reach with a comprehensive suite of powerful tools in the DeSo ecosystem.

They also recently partnered with Princeton University to launch the first-of-its-kind web3 startup competition and have a slew of upcoming releases that will position DeSo as the go-to layer-1 blockchain to build decentralized social media applications.

Additionally, the Social Network Hard Fork just went live, enabling decentralized verifications. They plan to move to a proof of stake later this year, improving performance and energy efficiency. 

About Deso

DeSo is a new layer-1 blockchain built from the ground up to decentralize social media and scale storage-heavy applications to billions of users. It raised $200 million and is backed by Sequoia, Andreessen Horowitz, Coinbase Ventures, Social Capital, Polychain Capital, Winklevoss Capital, Pantera, and other blue chip funds.

Check out the full roadmap and claim your username on deso.com.

Contact

Ash Ghaemi
DeSo Foundation
Ash@deso.org

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In a marketplace, it is not abnormal to notice rivalry from different market stakeholders, especially those who have commodities or services up for sale or patronage. That sense of competition is quite healthy for the industry, especially when the competition is a devoid of bitterness and animosity.

As the cryptocurrency market continues to recover from the downturn it witnessed in mid-2022, crypto currencies have been going shoulder-to-shoulder in ensuring they secure enough investor base necessary to stay afloat. It is a matter of fact that cryptocurrency strives in the strength of its community, therefore, the larger the community of a currency, the bigger it gets.

As we look at one of the fiercest rivalries in cryptocurrency – Dogecoin vs Cardano – we will also examine one of the most promising tokens which have gotten people talking and generating buzz around the marketplace. We will also explore the presale meme coin Big Eyes Coin (BIG) and how it is disrupting the crypto scene.

Cardano ‘Carting’ Home Numbers

Cardano (ADA) has seen a bull trend from the start of the year, gaining by 65% and reaching a high of USD 0.39. Additionally, throughout that time, the coin’s market cap increased by about $5 million, staying above the Elon Musk-backed Dogecoin, both in market value and market capitalization.

ADA has resisted moving over USD 0.40, but if it does, there is a significant probability that it will continue to rise and perhaps double in value over the course of the following month. ADA is also supported by fundamentals that could help the coin grow back up to $1.

The recently released Djed stablecoin may potentially enhance the value of ADA because it is expected to raise the token’s worth by enhancing the network’s Total Value Locked measure.

Dogecoin Aims To Topple Cardano With Twitter Payment

The Financial Times reported on Tuesday that Elon Musk is considering adding a payment system to Twitter, which fueled rumors that the business would integrate the alternative currency into his social media platform and send Dogecoin to new heights. Since the news, Dogecoin has been on an upward trajectory.

According to the article, Twitter has begun creating the software required to implement payments on the system and asking for regulatory licenses as part of its effort to develop a new revenue stream for the site.

According to insiders who spoke to the FT, a team at Twitter is also building a vault for securely keeping user data that a payment system would gather.

Big Eyes Coin Within Touching Distance Of USD 22 Million

The community meme token, Big Eyes Coin (BIG) focuses on NFTs. NFTs play a critical role in Big Eyes’ long-term goals. Furthermore, it promises to increase global decentralization and safety. Big Eyes assumes the appearance of an attractive cat. The cat’s behavior has been influenced by its mixed American and Japanese upbringing. By making gifts to charities, this cat hopes to contribute to a safe and healthy ocean.

Building a solid community and making a positive impact on society are both goals of Big Eyes, as it aims to build a strong investor base that will make a significant positive impact in the digital currency industry. Big Eyes Coin has, in the space of time in which it has operated, earned the trust and confidence of investors, due to having a formidable team and a clear set path for market growth and sustainability.

Still, in presale, Big Eyes Coin has generated almost USD 22 million and is set to go live in no distant time. Big Eyes’ achievements are, however, not unconnected to the 200% launch bonus offer which investors have been cashing in on. As a result, investors now earn 3 times their investment when they buy Big Eyes’ tokens. Get your own 200% launch bonus by using the promo code: “LAUNCHBIGEYES200”.

Find out more about Big Eyes Coin (BIG):

Presale: https://buy.bigeyes.space/

Website: https://bigeyes.space/

Telegram: https://t.me/BIGEYESOFFICIAL

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South Bend, Indiana, 31st January, 2023, Chainwire

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Leading enterprise blockchain solutions provider SIMBA Chain announces it has been selected for a $30M STRATFI with the U.S. Air Force (USAF), following up on multiple projects the company has completed for the military branch in recent years.

The USAF STRATFI is focused on identifying and advancing technologies that have the potential to secure its future dominance. The $30M investment reflects a significant budget increase compared to previous blockchain initiatives, and will focus on the development and deployment of blockchain applications in supply chain management. These programs are designed to be used by the Office of the Undersecretary of Defense for Research & Engineering, the USAF, U.S. Navy, U.S. Army, and the Defense Logistics Agency.

Commenting on the new partnership, Stacy Betlej-Amodeo, Vice President of Government Operations at SIMBA Chain, elaborates “Our new project for the USAF will pave the way to more efficient and comprehensive management of assets within the Department of Defense supply chain. SIMBA is thrilled to build upon our existing partnership with the DoD to scale blockchain technology across the enterprise.”

Previously, SIMBA Chain has developed various blockchain applications to improve crucial USAF activities, including the tokenization of the organization’s budget to enhance accounting, as well as the tracking of critical components vital to the air service branch. The STRATFI will significantly accelerate development of the SIMBA Blocks platform while delivering in-transit visibility that supports the USAF strategic mission.

“Through STRATFI our Government partners are sending a strong demand signal for blockchain technology. Given the interconnectedness of the DoD supply chain, it also signals an opportunity to collaborate and increase adoption within the commercial industry,”  says Bryan Ritchie, CEO of SIMBA Chain, of the opportunity.  

About SIMBA Chain

Incubated at the University of Notre Dame in 2017, SIMBA Chain (short for Simple Blockchain Applications) is a fully integrated development platform that government agencies use to bridge and connect to Web3. SIMBA Blocks is at the core of this offering, abstracting the complexities of blockchain development to make Web3 accessible to all.

SIMBA Blocks is a fully integrated platform that addresses governments’ unique challenges when implementing blockchain-based solutions. From resilient information sharing and rapid decision-making to military supply chains, SIMBA’s exceptional network performance and robust security features safeguard government data systems.

The robust platform delivers a low-configuration environment that auto-generates REST APIs capable of connecting to smart contracts on multiple blockchain protocols. With the ability to choose and migrate between public, private, and hybrid chains, governments can optimize their blockchain applications while future-proofing Web3 investments. Most importantly, as a government-proven platform, SIMBA Blocks ensures blockchain-based applications interact seamlessly with legacy systems across public and private domains. Visit simbachain.com to learn more.

Contact

PR Manager
Simon Moser
simon@polygrowth-pr.com

Abu Dhabi, Abu Dhabi, 31st January, 2023, Chainwire

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Venom Ventures Fund, a Web3 and blockchain innovation fund managed by Abu Dhabi-based investment fund manager Iceberg Capital Limited, has announced a strategic partnership with Everscale, a premier blockchain that aims to solve the scalability issues bogging down the Web3 industry.

Venom Ventures Fund has committed a $5 million investment in Everscale to help it further expand its development teams and boost the number of projects. The investment will be in stages, based on the progress and cooperation indicators.

Everscale has been diligently working on expanding its reach and integrating its technology solutions in Asian countries over the past two years, while also building a strong community. Its dynamic sharding technology enables it to efficiently adapt to varying workloads, thus making it an easy and practical option for creating large-scale Web3 and other types of applications.

The Venom Ventures Fund was launched by Iceberg Capital Limited in partnership with Venom Foundation, the first officially licensed and regulated Layer-1 blockchain operating within the Abu Dhabi Global Market (ADGM).

Venom Ventures Fund Chairman Peter Knez, ex-CIO of BlackRock, said, “For us, this is a strategic investment aimed at the technological development of projects and teams around technologies that we focus on and actively develop. In particular, we are talking about the Venom blockchain project and its ecosystem, which is planned to be launched soon and for which Everscale is a potential Layer 2 solution.”

Venom and Everscale teams will be working together on the further development of the core and the ecosystem bringing the adoption of blockchain closer to real business use cases. Current initiatives such as digital asset tokenization platforms, a full framework for CBDCs and stablecoins and payment solutions with crypto to fiat gateways are already making good headway.

Commenting on the investment, Everscale Foundation Board Member Moon Young Lee said, “This is a milestone for both the Everscale and Venom networks. The technological capabilities of Everscale are immense but they have been underappreciated by a wider audience. Now, Everscale will be able to operate as an experimental network where updates and complex technical solutions can be introduced before they are brought to Venom. This investment will allow Everscale to gain the recognition that it deserves.”

Designed as a network of blockchains, Venom has no limit to the number of other auxiliary networks at the Layer 2 level and no limit to the economy type or operation at the Layer 2. This particular architecture means that mass adoption is now achievable on the Venom blockchain.

About Everscale

Powered by an infinite sharding mechanism, the Everscale network adapts to any workload it is tasked with, without the size of the load affecting transaction times or processing fees. This makes it the ideal blockchain for hosting high-scale web3 and other load-intensive projects. Over the past two years, Everscale has emerged as one of the leading blockchains in Asia, with a thriving community and robust ecosystem of DeFi platforms.

More About the Everscale network:

Website | Twitter | Whitepaper | Github | Telegram Ann | Telegram | Discord

About Iceberg Capital 

ICEBERG Capital Limited is regulated by FSRA as a Prudential Category 3C investment manager based in ADGM. ICEBERG capital is a fast-growing alternative asset management company that provides diversified investment management platforms that includes direct and private equity, venture capital, technology, and virtual assets. ICEBERG capital also offers traditional asset management services such as investment portfolios as well as specialized platforms for securities, and blockchain technology. 

For media inquiries, please contact: Abdullah Al Weshah, abdullah@icebergcapital.ae 

For more information about Iceberg Capital, visit: Website | LinkedIn

About Venom Foundation

Venom is the world’s first regulated blockchain. The decentralized network operates under the jurisdiction of the ADGM, with a license to issue utility tokens. The ADGM is an oasis for investors and financial services firms, positioning Venom as the world’s first compliant blockchain, affording authorities and enterprises the freedom to build, innovate, and scale.

A portfolio of in-house dApps and protocols has been developed on the Venom blockchain by various companies. It now harbors the potential to become a bridge for the adoption of CBDCs in the Middle East, North Africa, and worldwide.

For media inquiries, please contact: Adam Newton, pr@venom.ventures   

For more information about Venom Ventures, visit: Website  |  Twitter

For more information about Venom Foundation, visit: Website  |  Twitter

Contact

Adam Newton
pr@venom.ventures

New York, United States, 31st January, 2023, Chainwire

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BNB Chain decentralized exchange Biswap has published its 2023 roadmap which includes a number of proposed improvements and upgrades. It includes details of a new AMM, route optimization, and perpetual trading. 

Take a look at the main Biswap benefits: https://biswap.org/. 

A new AMM protocol with concentrated liquidity will allow Liquidity Providers to accumulate their capital to smaller price intervals than from 0 to infinity, increasing capital use efficiency and providing users with more profitable exchange conditions with less slippage.

Improved routing to find the best trading pairs will allow users to execute larger transactions with less slippage and increase capital efficiency, as well as receive greater rewards from trading fees for Liquidity Providers.

To reduce pressure on the price of the native Biswap token and provide opportunities for more earnings for long-term BSW token holders, the Biswap team has developed several initiatives. In the future, they will be explained and put forward to BSW holders for voting.

Evolving market trends have also prompted the Biswap team to implement decentralized futures trading (with an on-chain order book on the BNB network). To implement this idea in a safe manner, the team has decided to connect a ready-made solution from ApolloX at this stage of product development.

As part of the Biswap ecosystem expansion, there are plans to create a widget that will increase trading with Biswap Liquidity and make it more convenient for users to exchange tokens. This will be available for implementation on third-party products.

Biswap’s progressive DEX on BNB Chain features a Multi-type Referral Program and low trading fees of 0.1%. The platform provides various services with cryptocurrencies, such as Exchange, Farming, and Staking. Moreover, the project has its native BEP-20 token, BSW, which allows users to join the most popular features on the platform. The primary BSW function is to incentivize liquidity provision to the Biswap platform. 

High LP rewards allow Liquidity Providers to get 0.15% back from token swap transactions. Also, Liquidity Providers can stake LP tokens on farms to earn BSW tokens with competitive APYs. Up to 50% trade fee reimbursement returns users the transaction fee when they exchange tokens. The system automatically gives back the fee in the form of BSW tokens. Explore Biswap NOW  

About Biswap
Biswap is the progressive DEX platform on the BNB Chain network with a Multi-type Referral Program and the lowest trade fee of 0.1%. The platform provides various services with cryptocurrencies, such as Exchange, Farming, Staking and others.

Contact

Marketing Biswap
Biswap
marketing@biswap.org

Tel Aviv, Israel, 31st January, 2023, Chainwire

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Addressable, an innovative end-to-end solution for Web3 marketing, announced today that it secured $7.5 million in a seed funding round, led by Viola Ventures and Fabric Ventures, with participation from Mensch Capital Partners and North Island Ventures. The funding will be used to accelerate adoption and expansion of Addressable’s best-in-class solution, including support for additional blockchains and social media integrations.

“Marketing is all about knowing your audience, but since crypto wallets are anonymized by design, Web3 marketers rarely know their audience’s age, country or purchasing history,” says Dr. Asaf Nadler, co-founder and chief scientist at Addressable. “In the face of anonymity, our solution allows Web3 marketers to associate anonymous blockchain audiences with social media activity, ultimately addressing the most significant barrier to Web3 growth today.” 

Addressable’s SaaS solution provides Web3 marketing teams with a powerful platform to launch campaigns and more effectively target new audiences by matching blockchain activity with social profiles. This precise targeting reduces cost-of-acquisition dramatically compared to the broad targeting of existing web2 tools. Leading Web3 companies like Polygon, Bancor, Immutable, and Kryptomon are already using Addressable’s technology to acquire new users in an era when traditional Web2 marketing campaigns are no longer effective. 

“In the Web3 era, the key barrier to growth is the inability of marketers to deliver their messages to their targeted audiences, simply because they don’t know much about them”, says Leon Stern, director of growth at Polygon – an Addressable customer. “Most users aren’t attentive on Discord – they’re on social media, and you need to effectively get their attention there. This is where the value of Addressable lies.” 

Addressable was founded by Tomer Sharoni, Tomer Shlomo and Dr. Asaf Nadler, data analytics veterans with more than 20 publications on blockchain, machine learning and big data.

“We are witnessing an increasing number of Web3 companies investing in meaningful and sustainable user growth through social media, where almost all users spend their time,” says Tomer Sharoni, Addressable’s CEO. “Our unique ability to pinpoint Web3 audiences on social media is the missing piece for mass adoption of Web3. In today’s blockchain ecosystem, we’re the only Web3 marketing SaaS platform addressing user acquisition at scale.” 

“Effective user acquisition became the major concern for Web3 businesses over the turbulent past year”, said Richard Muirhead, Chairman and Managing Partner at Fabric Ventures. “Addressable’s Web3 marketing platform combines a compelling go-to-market opportunity for any web3 business with a user-centric approach for which this sector craves. We are excited to take part in Addressable’s journey and to welcome them into the Fabric family”.

“Addressable is solving a huge problem for web2 and Web3 companies that want to understand their Web3 audiences”, says Omry Ben David, General Partner at Viola Ventures. “Its platform enables marketers to connect the dots between on-chain blockchain data with off-chain social media accounts and use precision targeting for a crisper value proposition and thus superior ROI and conversion. Coupled with an A-class founding team, we believe Addressable is best positioned to lead the marketing stack category in web3”.

About Addressable
Addressable is an innovative end-to-end Web3 marketing solution. The company’s best-in-class SaaS platform provides Web3 marketing teams with a powerful platform to effectively target new audiences by matching blockchain activity with social profiles. Addressable is a trusted partner of leading Web3 companies including Polygon, Bancor, Immutable, and Kryptomon. Founded by data analytics veterans Tomer Sharoni, Tomer Shlomo and Dr. Asaf Nadler, Addressable has raised $7.5 million in a seed funding round led by Viola Ventures and Fabric Ventures.

Contact

Co-Founder
Asaf Nadler
Addressable
anadler@addressable.io