London, UK, October 17th, 2024, Chainwire
A dynamic shift is unfolding in the world of crypto-powered competitions as MetaWin, known for its thrilling Web3 contests, opens its doors to a new community. In a bold new move, MetaWin is embracing the $DYDX token, bringing together the excitement of decentralized trading with high-stakes entertainment.
MetaWin’s $DYDX integration offers a compelling opportunity for $DYDX holders to participate in a unique prize draw as part of the launch. The platform is offering a 5,000 DYDX token prize pool, valued at approximately $4,600, which will be awarded to eligible participants through a free-entry draw. To qualify, participants must hold a minimum of 100 DYDX tokens in their wallets.
Launch Prize Draw Details
What: A chance to win from a 5,000 DYDX token pool (~$4,600)
How to Enter: Hold a minimum of 100 DYDX tokens in a compatible walle
Cost: Free entry
Purpose: To celebrate DYDX’s acceptance on MetaWin
Users can click here to enter the 5,000 DYDX draw for free.
Rebecca Hanwell, Operations Manager of MetaWin, shares her excitement: “Decentralized platforms are the future, and by integrating $DYDX, we’re aligning our product with that vision. It’s a perfect fit. We’re thrilled to offer traders new ways to win, all within an ecosystem they know and trust.”
Beyond the prize draw, MetaWin offers features designed with Web3 users in mind, including Web3 wallet connectivity, instant withdrawals, L2 support, and seamless swaps in and out. These features aim to enhance the user experience, making it easy for participants to engage with contests, participate in prize draws, and seamlessly manage their tokens.
MetaWin has hinted at upcoming competitions, giveaways, and new prize pools, signaling further engagement opportunities for traders and Web3 enthusiasts. As the platform expands, MetaWin remains focused on delivering decentralized entertainment options that resonate with the evolving needs of the crypto community.
About MetaWin
MetaWin stands as the premier platform for on-chain prize competitions and instant win games, offering a diverse array of entertaining challenges for users. Through the utilisation of cutting-edge blockchain technology, MetaWin ensures a transparent, fair, and secure gaming environment, making it the preferred destination for blockchain enthusiasts and gamers alike. At the forefront of Web3 innovation, MetaWin is supported by a robust community of 250,000 connected wallets. Renowned for its ability to craft impactful digital experiences, MetaWin remains dedicated to pushing the boundaries of the cryptocurrency landscape.
For more information, users can visit MetaWin.com.
Users can follow MetaWin on social media and join MetaWin’s community:
X| Instagram| Telegram | Discord
Contact
Metawin
Metawin
pr@metawin.inc
Willemstad, Curaçao, Netherlands, October 17th, 2024, Chainwire
New data from Cloudbet, a leading crypto casino and sportsbook, reveals that the emergence of newer, faster cryptocurrencies like Solana, Polygon, and Tron, are not as popular as mainstream coins for online gambling. The platform data suggests that gamblers prefer established cryptocurrencies such as Tether (USDT), Bitcoin (BTC), and Ethereum (ETH).
Year-to-date data shows that USDT accounted for 47.3 percent of the platform’s total turnover, across more than 35 cryptocurrencies. Bitcoin claimed a 28.9 percent share followed by Ethereum at 11.5 percent.
Altcoins with speedier transaction times, like Solana (SOL), Litecoin (LTC), Ripple (XRP), and Tron (TRX), are growing in usage but are still lagging behind.
A company spokesperson highlighted, “After looking over the data, it was one of those moments where you’re just like, ‘Crypto gamblers. They’re just like us.’ The same concerns about volatility or price fluctuations bond every crypto holder, whether you bet or not.”
In June 2024, Cloudbet released an innovative new rewards program, awarding users in USDT without rollover restrictions. This month, the company released a second iteration of Cloudbet Rewards which now awards users in the cryptocurrency of their choice. For the majority of users, this will still be USDT, but it gives Cloudbet users the financial flexibility to play with more coins.
“We’re interested to see how users will take advantage of the versatility of the rewards program,” says a Cloudbet spokesperson. “While the first iteration has clearly been a hit with our users and has accelerated the shift toward this next quarter, we might find that users start betting with PONKE or other memecoins as a way to lean into alternative crypto projects, especially if they’re bullish on their potential.”
Since its founding in 2013 as the first licensed Bitcoin casino, Cloudbet has had a front-row seat to the evolution of crypto gambling preferences. “After nearly a decade in the space, we’ve seen the market mature,” the spokesperson shares. “Stability is the watchword now for the lion’s share of crypto gamblers.”
“Volatility is a key metric, not just for crypto trading but for crypto gambling. Increased liquidity, more robust blockchain security, among other strategies, can effectively manage and reduce a coin’s volatility. Gamblers using volatile coins can feel like placing a bet, only to see your winnings diminish with a price drop,” adds the Cloudbet spokesperson.
About Cloudbet
Cloudbet is a proud pioneer of crypto betting.
Since its launch in 2013, as the world’s first crypto-friendly sportsbook and casino, Cloudbet has served hundreds of thousands of users and taken millions of bets, establishing a reputation as the most trusted, secure, and VIP-friendly brand in crypto gaming.
Cloudbet users can bet with 35+ cryptocurrencies, from Bitcoin, Ethereum, and stablecoins like USDC and USDT, to SOL and other popular altcoins. The site is available in 18 languages (including Spanish, German, Italian, French and Japanese).
For media inquiries, odds, and insights, users can contact irene@media.cloudbet.com or check out media.cloudbet.com.
Contact
Irene
Halcyon Super Holdings B.V.
irene@media.cloudbet.com
Dubai, United Arab Emirates, October 17th, 2024, Chainwire
Voce Sabia, the fourth-largest content creator in Brazil with over 45 million subscribers on YouTube and a combined social media following of 86 million, is set to launch its own meme-inspired cryptocurrency token, the $VS token. With this launch, Voce Sabia joins a growing list of celebrities leveraging their platforms to introduce digital tokens, including rapper Iggy Azalea, whose token, $MOTHER, reached a peak market capitalization of $136 million.
Since the May release of Iggy Azalea’s $MOTHER token, which provided early adopters with substantial returns, celebrity-driven tokens have gained traction within the Web3 space. The success of these tokens can be attributed to the large and highly engaged communities that creators bring to the table. Capitalizing on the trend, Voce Sabia aims to use its substantial fanbase to drive the $VS token, leveraging a community that is nearly double in size compared to Azalea’s combined following.
The $VS token will launch through a fair release on the Solana blockchain. It boasts an initial market cap of just $25,510, setting the stage for accessible entry points for fans and potential investors. This launch will be powered by the XCAD Network, a platform dedicated to helping content creators issue tokens while building ecosystems around their unique brands. The XCAD Network has successfully supported various creator token launches, enabling the $VS token to offer unique fan engagement opportunities.
Comparison Graphic released by Voce Sabia’s Social Media Team.
The $VS token will give Voce Sabia’s community access to exclusive content, including merchandise, one-on-one calls, and other interactive opportunities, fostering deeper connections between the creator and their followers. Moreover, $VS holders will have governance rights, enabling them to participate in selected decisions regarding the channel’s future direction.
The entry of Voce Sabia into the meme token arena is emblematic of a larger movement among public figures integrating Web3 technologies to engage their fans on new levels. The trend highlights the appeal of combining meme culture with strong social media followings, driving user engagement and fostering active communities.
For more information and to stay updated on the $VS token launch, Voce Sabia has provided links to its official communication channels:
Twitter: https://x.com/Vocesabiatoken
Telegram: https://t.me/vocesabiatoken
WhatsApp: https://www.whatsapp.com/channel/0029Vaq3U7hJENxzmKNrnV00
Contact
Jeff Sa
Memespotlightorg@outlook.com
San Franciso, united states, October 17th, 2024, Chainwire
Boba Network, a leader in multichain layer-2 scaling solutions, in collaboration with Thrive Protocol launched the Thrive Boba Ecosystem Grants, a program aimed at empowering developers, entrepreneurs, and creators building on Boba. This initiative offers $200,000 in BOBA tokens for projects that drive on-chain activity and expand the Boba ecosystem. Applications are open through October 8, 2024.
Program Overview and Eligibility Thrive Boba Ecosystem Grants provide eligible projects with funding between $10,000 and $35,000 in BOBA tokens. Open to both individuals and teams, the program seeks projects within Decentralized Finance (DeFi), Gaming, and Generative AI.
Applicants are asked to outline three critical milestones for their projects, which will guide the phased release of grant funding:
- Milestone 1 & 2: Upon completion and verification of each milestone, recipients receive 15% of their total grant.
- Milestone 3: Successful completion and verification of the final milestone unlocks 70% of the grant.
Key Dates for Thrive Boba Season 1
- Application Deadline: October 31, 2024
- Notification of Grant Awards: November 19, 2024
- Project Completion Proof Submission: February 25, 2025
- Season 1 Ends: February 27, 2025
- Grant Disbursement: Approximately two weeks after Season 1 ends
Application Process and Requirements Applicants can submit their grant applications through the official Thrive Boba platform at https://thriveboba.com by October 31, 2024. To qualify, participants must join the Thrive Protocol Discord, connect their wallet (eligible for grant funds), and link their X/Twitter and GitHub accounts.
The Thrive Boba Ecosystem Grants program is an essential step forward in Boba’s mission to help developers build the best dapps possible,” said Alan Chiu, Co-founder of Boba Network. “We are excited to see developers and entrepreneurs leverage Boba’s technology such as HybridCompute to drive innovation in the Web3 ecosystem.”
“By partnering with Boba, Thrive Protocol aims to encourage builders who are shaping the future of decentralized applications,” added Daniel Jacobs, Thrive Protocol CEO. “This grant initiative will empower participants to create meaningful impact across key areas like DeFi, Gaming, and AI on Boba.”
About Boba Network
Boba Network is an optimistic-based multichain layer-2 scaling solution that aims to unlock the potential of roll-up technology and enable more flexible blockchain communication. The protocol is fully compatible with EVM-based tools and has already deployed multichain support for Ethereum, and BNB, supporting lightning-fast transactions and fees anywhere from 40-100X less than the respective layer-1. Boba Network is powered by HybridCompute™ technology that brings the power of Web2 on-chain, with smarter smart contracts that allow visionary developers to leverage off-chain compute and real-world data to build hybrid dapps that connect people to the future of blockchain applications.
Website: https://boba.network
Twitter: @bobanetwork
LinkedIn: https://www.linkedin.com/company/bobanetwork/
Contact
Marketing Manager
Gian Kim
Enya Labs
gian@enya.ai
Zug, Switzerland, October 17th, 2024, Chainwire
Most zero-knowledge proofs are generated server-side for scaling, but Aleph Zero’s zkOS does that directly on users’ devices, offering privacy in a fraction of second
Aleph Zero, the leading blockchain platform recognized for its focus on privacy and scalability, announces the launch of the first feature of zkOS (zero-knowledge operating system)—Shielding, on its EVM Testnet. This release marks the first opportunity for users to experience the shielding feature of zkOS in action, demonstrating the speed and privacy capabilities of Aleph Zero’s zero-knowledge proof (ZK) technology optimizations.
Privacy at Lightning Speed
The Shielding Demo release is a significant milestone for Aleph Zero, representing its commitment to developing practical privacy solutions for the blockchain industry. Aleph Zero’s zkOS enables zero-knowledge proofs to be generated client-side—meaning data is encrypted locally on the user’s device and never leaves unencrypted—providing high levels of privacy without compromising transaction speed. The Shielding Demo serves as the first practical interface for users to experience this privacy functionality, with zero-knowledge proofs generated within 0.5-3 seconds, ensuring that privacy has minimal impact on transaction performance.
“Privacy has long been a challenge in blockchain, often due to poor user experience,” said Adam Gagol, Co-Founder & CTO of Aleph Zero. “With today’s release, we’re delivering one of the fastest client-side ZK directly to users, combining privacy and performance. The release of the Shielding Demo offers a glimpse into how zkOS can bring privacy to DeFi without sacrificing speed or usability.”
How the Shielding Demo Works
The Shielding Demo provides an intuitive interface for users to test Aleph Zero’s zkOS privacy layer. Here’s how it works:
- Data Privacy: zkOS generates zero-knowledge proofs locally on the user’s device, ensuring that data remains private and secure.
- Transaction Flow: Users generate ZK proofs, send transactions to a relayer, and then they are executed on-chain—all while maintaining privacy.
- Fast Proving Times: The system delivers ZK proofs in 0.5-3 seconds on most devices, demonstrating zkOS’s speed and its minimal impact on transaction times.
The Testnet version of zkOS allows users to interact with the system and witness its capabilities, though Aleph Zero notes that the privacy features will be built directly into the upcoming Common app.
Why zkOS Matters: A Glimpse Into the Future
The launch of the Shielding Demo on Testnet is only the beginning. Aleph Zero’s roadmap for zkOS extends far beyond this initial release, with ongoing work on simplifying the user experience and the introduction of additional privacy features, such as ZK-ID and anonymity revokers, to ensure both privacy and protection against fraudulent use of the platform.
The system is designed to be easily integrated by developers, providing a privacy framework that requires minimal cryptographic knowledge. This simplicity, combined with Aleph Zero’s rapid client-side ZK proof generation, makes zkOS a critical tool for developers building privacy-centric applications across DeFi and other web3 sectors.
Unlocking Privacy for New Use Case
The privacy space in blockchain has been facing increased challenges, such as regulatory scrutiny and delistings, often due to concerns over non-compliance. Aleph Zero’s zkOS offers a fresh approach by delivering privacy solutions that balance user confidentiality with regulatory requirements. Instead of focusing solely on anonymity, zkOS is designed to meet both the needs of users and the evolving demands of compliance.
zkOS enables users to manage their assets securely across multiple blockchains, ensuring their transactions remain private. Unlike traditional privacy methods that rely on centralized or hardware-based systems, zkOS operates directly on the client-side, safeguarding privacy without external dependencies.
Next Steps for Aleph Zero
As the Testnet release progresses, Aleph Zero is focusing on refining Shielding and zkOS for its Mainnet deployment. Users who engage with the Shielding Demo will have the opportunity to be whitelisted for upcoming zkOS Beta testing on Aleph Zero’s EVM Mainnet.
About Aleph Zero
Aleph Zero is an ecosystem of blockchain solutions that are engineered for speed, data confidentiality, and ease of development. It achieves efficiencies akin to conventional web2 systems, upholds rigorous standards for data protection via zero-knowledge proofs (ZKP), and offers a comprehensive toolset for development across web3, ranging from WASM-based Rust to EVM-based Solidity environments. Aleph Zero’s versatility is highlighted by over 40 use cases being actively developed, showcasing its adaptability across various sectors and applications. These use cases are part of an engaged community and growing ecosystem of web3 applications supported by Aleph Zero programs.
For more information, visit https://alephzero.org/.
For any inquiries about this release, please contact josh@serotonin.co or ana@serotonin.co.
Contact
PR Manager
Josh Adams
Aleph Zero
josh@serotonin.co
Miami, Florida, October 17th, 2024, Chainwire
Valhalla, Floki’s revolutionary blockchain-based Massively Multiplayer Online Role-Playing Game (MMORPG), has proudly announced a new partnership with Hafthor Júlíus Björnsson, the world-renowned strongman and actor famous for his role as “The Mountain” in Game of Thrones.
Hafthor is joining Valhalla as its official ambassador, marking the beginning of an exciting collaboration.
This long-term partnership will bring Hafthor, the world’s strongest man and a multiple-time winner of prestigious titles such as the World’s Strongest Man and Arnold Strongman Classic, into the heart of the Valhalla universe. His unmatched strength and strategic prowess will enhance the Valhalla game experience for players worldwide.
Hafthor will play a vital role in Valhalla, guiding players as they strengthen their bonds with their Veras, develop new combat strategies, and engage in dynamic in-game activities. His influence will be woven into The Tempest Forge, a monumental feature constructed during the Unleash the Thunder community event.
Future developments will include a brand-new game mode where Hafthor and The Tempest Forge challenge players to face waves of Veras, helping them refine their battle skills and tactics to push their limits.
In addition to his in-game presence, Hafthor will remain actively engaged with the Valhalla community, creating content and sharing exclusive updates. He will feature regularly on social media platforms and host monthly Twitch streams, where players can join him as he plays his own in-game character.
This partnership will bring a new level of excitement to the Valhalla community, as players prepare to explore the game under the guidance of one of the strongest men in history.
About Floki
Floki is the people’s cryptocurrency and utility token of the Floki Ecosystem. Focused on utility, community, philanthropy, and strategic marketing, Floki is working toward becoming the world’s most recognized and used cryptocurrency. With over 490,000 holders globally, Floki has already established a strong brand presence.
Learn more at floki.com.
About Valhalla
Valhalla is a blockchain-based MMORPG inspired by Norse mythology, offering players the chance to discover, tame, and battle with creatures called Veras. The game features a player-driven economy and a hexagonal battlefield designed for dynamic combat.
Learn more at Valhalla.game.
About Hafthor Björnsson
Hafthor Júlíus Björnsson is an Icelandic strongman, actor, and world record holder, most famously known for his role as “The Mountain” in Game of Thrones. Hafthor has won multiple strongman competitions, including the World’s Strongest Man and Europe’s Strongest Man. His legacy as one of the strongest men in history continues to inspire audiences worldwide.
Learn more about Hafthor at thorsapparel.com.
Contact
Community Relations Officer
Pedro Vidal
Floki
Marketing@floki.com
Palo Alto, United States, October 17th, 2024, Chainwire
Akord, a web3 platform for securing and managing data, also begins its migration to Walrus Protocol
Mysten Labs, the web3 infrastructure company, today announced that following a successful Devnet, Walrus Protocol, a decentralized storage network, has launched its public Testnet.
Walrus Protocol stores and delivers large data files, including rich media content, audio files, video, images, PDFs and more, from any web2 or web3-based source. These large files, known as blobs, are stored quickly and efficiently by Walrus, whose storage is resilient, scalable, programmable, and secure. Walrus’s public Testnet, and its Testnet token, WAL, are served by Sui as the coordination layer. Sui provides a dedicated management architecture for Walrus to store its global state and metadata offering speedy consensus, composability, and the opportunity to integrate storage into smart contracts on Sui. Walrus’s Testnet launch will include:
- API endpoints that support deletable blobs, meaning data can be deleted.
- Dedicated Walrus explorer, allowing users to search data quickly and comprehensively, built by Stakestab Inc, maker of Suiscan & Blockberry API Platform.
- Full tokenomics ecosystem for the Walrus token, WAL, including epoch management, staking and unstaking, and rewards, as well as the WAL token faucet for developers.
- WAL staking app, developed by Mysten Labs.
“As blockchain projects aim to become more decentralized, it has been apparent for quite some time that a decentralized storage network was needed for networks of all kinds, L1s and L2s, to support end-user applications with rich media and larger storage needs,” said George Danezis, Chief Scientist and Co-Founder at Mysten Labs. “Walrus Testnet going live is a pivotal moment in that journey. With Akord and Decrypt beginning the migration over to Walrus, we’ll begin to see that a decentralized storage network can be used to bring various applications to a mass audience.”
Coinciding with the launch of Walrus’s public Testnet, Akord, a secure storage and collaboration platform, providing user-friendly, cost-effective, and decentralized storage solutions for any digital asset, announces its migration from Arweave to Walrus. Akord is set to migrate to Walrus within the next week. The move comes on the heels of Decrypt Media’s recent announcement of its plans to integrate with Walrus, making the publication the first media outlet to commit to storing media articles and video content on Walrus.
“At Akord, our mission is to create a platform that empowers individuals and businesses with meaningful data ownership – the ability to secure data publicly and tokenize it, or store it privately with end-to-end encryption, controlling the keys and access,” said Pascal Barry, CEO of Akord. “Migrating to Walrus allows us to offer our existing customers a more cost-effective, versatile and performant solution, as well as giving us the opportunity to realize our mission at a much larger scale.”
Powered by a system that divides large data files into smaller fragments, referred to as ‘Red Stuff,’ Walrus distributes slivers of data files across various storage nodes. This process ensures that even if some pieces go missing, the whole of the data can still be reconstructed. This approach reduces the need for data redundancy, allowing the network to grow seamlessly while ensuring fast and reliable access to data. Walrus introduces advanced storage verification through proofs and attestations, incentivizing nodes to store slivers of each file. Instead of verifying individual files, Walrus assesses the entire storage node, significantly lowering the cost of proving data storage.
Walrus, whose original contributor is Mysten Labs, launched on Devnet in June 2024. Its whitepaper was available as of September 2024, presented by Janet Wu, Head of Product, Platform, at Mysten Labs, at Sui’s Singapore Builder House Event. Walrus Mainnet is slated to launch in 2025.
About Mysten Labs
Mysten Labs is a team of leading distributed systems, programming languages, and cryptography experts whose founders were senior executives of Meta’s Novi Research and lead architects of the Diem blockchain and Move programming language. The mission of Mysten Labs is to create foundational infrastructure for web3. Learn more: https://mystenlabs.com.
About Walrus
Walrus is a next-generation decentralized storage network for data and rich media content such as large text files, videos, images, and audio. Leveraging innovations in erasure coding, Walrus offers exceptional data availability and robustness with minimal replication overhead for cost efficiency. Powered by Sui as the coordination layer, Walrus scales to hundreds or thousands of networked decentralized storage nodes without compromising performance. Learn more: https://www.walrus.xyz/.
About Akord
The Akord platform is built on a digital vault protocol that offers file management, end-to-end encryption, file sharing, access control, minting and token gated access. The platform consists of an app, API, SDK and CLI with a strong focus on user and developer experience. Learn more: https://akord.com/
Contact
Lexi Wangler
Mysten Labs
lexi.wangler@mystenlabs.com
Zurich, Switzerland, October 17th, 2024, Chainwire
SCRYPT, a Swiss-licensed leader in institutional-grade crypto asset services, today announced the successful implementation of a seminal deal with ORSEN, a global sports and entertainment partnerships enabler, that managed the agreement between Polkadot and prominent Major League Soccer club Inter Miami CF.
To facilitate the partnership, ORSEN utilized SCRYPT’s market leading over-the-counter desk to convert Polkadot’s native cryptocurrency, DOT, into USD. The partnership between Polkadot and Inter Miami CF places Polkadot as the club’s Global Training Partner, this will include visible presence throughout Chase Stadium with major signage and key visuals on LEDs and other stadium signage.
Sean O’Reilly, CEO of ORSEN, said: “We are thrilled to have partnered with SCRYPT to make this deal possible. Their expertise in handling large crypto transactions grants us the necessary infrastructure to bring Polkadot and Inter Miami together in a seamless partnership.”
Norman Wooding, Founder & CEO of SCRYPT, commented: “We are proud to have provided a financial solution to support the facilitation of this major deal between Polkadot and Inter Miami. SCRYPT’s mission is to provide institutions with trusted access to the crypto economy, and this deal exemplifies our capability to execute complex transactions at scale. This partnership exemplifies SCRYPT’s capacity to manage substantial crypto-to-fiat trades with precision and reliability.”
Gabriel Titopoulos, Head of OTC at SCRYPT, added: “This partnership showcases our team’s ability to manage substantial crypto-to-fiat conversions. Ensuring seamless execution for large-scale trades like this is our core strength and we’re excited to be a part of this groundbreaking collaboration between Polkadot and Inter Miami.”
About SCRYPT
SCRYPT is the leading Swiss-licensed partner for institutional crypto solutions, providing seamless access to the crypto economy through trusted infrastructure and expertise. We enable institutions to confidently manage, trade, and store digital assets.
Users can discover more: SCRYPT | info@scrypt.swiss
About ORSEN
ORSEN is THE sports and entertainment partnerships ENABLER. We are a Connector, Facilitator and Trusted Advisor. We work alongside our brand partners and rights holders to identify, create and optimize future-proofed partnerships.
Contact
Junior Consultant
Jacob McGoldrick
CW8 Communications
scrypt@cw8-communications.com
Ljubljana, Slovenia, October 17th, 2024, Chainwire
OriginTrail, the ecosystem striving for a safe internet in the age of AI with its decentralized knowledge graph, was named the best project at the prestigious MIT Decentralized AI Summit. Held at the MIT Media Lab, the summit brought together top innovators, researchers, and industry leaders to explore the future of decentralized AI technologies.
The packed schedule saw contributions of representatives from Dell, Intell, NVIDIA and other notable AI companies. In his talk, the founder of OriginTrail Branimir Rakic explained how OriginTrail’s decentralized knowledge graph powered by Polkadot acts as a critical infrastructure in addressing some of the internet’s most important challenges in the age of AI such as misinformation, deep fakes, fake news or unreliable AI in a broader sense. The pioneering approach to powering trust in AI stood out amongst the numerous showcases at the event and led to being voted as the best project by the participants of the Decentralized AI Summit. This recognition highlights OriginTrail’s expected impact on driving mainstream adoption for both AI and Web3 technologies across diverse set of industries, from Real World Assets (RWA) in global supply chains, Decentralized Physical Infrastructure (DePIN) connecting knowledge of organizations and individuals, to advancements in improving AI models through federated access to training data.
“We are thrilled to see that OriginTrail is evolving in the direction many other industry giants are identifying as the cutting edge. I was particularly excited to hear many speakers highlight the importance of deploying the AI solutions at the edge of the network, where AI solutions with more sustainable resource use and privacy preserving data management can be implemented. It’s something that OriginTrail has been working on to enable for the last year and we’re excited to unveil it next week (Oct 24th) at the DKGcon in Amsterdam with the release of the DKG Edge node. And, of course, I wish to thank the participants of the event that selected OriginTrail as the best project of the DecAI Summit, it’s a great vote of confidence for our future work.” – Branimir Rakic, Founder at OriginTrail.
As the pathologies of the state-of-the-art AI solutions become more evident, the demand for trustworthy AI solutions being developed at the intersection of Web3 and AI grows. OriginTrail is determined to continue to lead that charge by driving mainstream adoption of this critical infrastructure to enable a safe internet in the age of AI.
About OriginTrail
OriginTrail is an ecosystem dedicated to making the global economy work sustainably by enabling a universe of AI-ready Knowledge Assets, allowing anyone to take part in trusted knowledge sharing. It leverages the open-source Decentralized Knowledge Graph that connects physical and digital worlds in a single connected reality driving transparency and trust.
Advanced knowledge graph technology currently powers trillion-dollar companies like Google and Facebook. By reshaping it for Web3, the OriginTrail Decentralized Knowledge Graph provides a crucial fabric to link, verify, and value data on both physical and digital assets.
For more information, users can visit origintrail.io.
MIT DecAI summit event | LI OriginTrail announcement | X OriginTrail announcement
Contact
Communications department
Lucija Naranda
OriginTrail
lucija.naranda@origin-trail.com
HO CHI MINH, Vietnam, October 15th, 2024, Chainwire
U2U Network, a Layer-1 blockchain pioneer in decentralized infrastructure backed by top investors like KuCoin Ventures, Chain Capital, and IDG Blockchain, is excited to announce the launch of its first-ever DePIN Node Sale. This sale provides an opportunity for participants to acquire decentralized nodes and contribute to U2U’s growing DePIN infrastructure. With this sale, U2U aims to provide a new way for users to join the decentralized network and unlock significant earning potential through its Node Sale model
Why Nodes Matter in Blockchain Networks
Nodes play a fundamental role in decentralized networks by enabling communication, transaction validation, and enhancing security. Within these systems, nodes distribute computational power across the network, reducing the likelihood of centralized control. This decentralization improves network security, scalability, and resilience.
The U2U Subnet allows node operators to contribute computing resources, from mobile devices to high-performance computers, to build a decentralized infrastructure network. These nodes supply essential resources such as CPU, RAM, GPU, storage, and internet bandwidth, ensuring that applications can operate without interruption. The U2U DePIN framework includes two types of nodes: Master Nodes and Edge Nodes.
- Master Nodes: These nodes are responsible for critical tasks such as transaction storage, data validation, and proof submission between the Subnet and Mainnet.
- Edge Nodes: These nodes contribute additional computational power for specific protocols, optimizing scalability and performance.
Both node types provide incentives based on their contributions, forming a core component of U2U Network’s DEPIN infrastructure.
Details of the Node Sale
The Public Node Sale begins October 22, with 40,000 nodes available across six tiers. The initial price for a checker node is $200, with prices increasing at each tier. Early adopters benefit from high ROI and faster returns – participants can expect to recover their investment in just 58 days. The affordable entry point makes it easy for anyone to participate in the Node Sale, with no programming skills required.
No programming skills are required to operate a node, and node operators can receive token rewards from a dedicated pool of 1 billion $U2U tokens (10% of the total supply). With more than 40 DePIN projects in the U2U DePIN Ecosystem, node operators can support the growth of various projects across sectors like computing, cybersecurity, telecommunications, and artificial intelligence.Through this participation, operators may earn rewards based on their node’s contributions to the network- the more DApps involved, the greater the earning potential. Additionally, node operators can expect to recover their initial investment in just 58 days, making this Node Sale a highly beneficial opportunity. The broad scope of projects engaging with the U2U Network drives demand for node resources, potentially increasing the earning opportunities for participants.
Team
The U2U team includes over 120 professionals from leading tech companies like Google, Kardiachain, and Y Combinator backed startup, along with advisors from Stanford, RMIT University, and Animoca. This makes their pool of expertise incredibly diverse and rich, positioning them strongly for leadership in the industry.
Network Growth and Community Engagement
U2U Network reports that it has raised funds from several investors, including Kucoin Ventures, Chain Capital, JDI Ventures, IDG Blockchain, etc. Chain Capital, one of Asia’s leading crypto funds, is renowned for its focus on Web3 infrastructure, AI, and DePIN, with 300+ successful investments, including billion-dollar Layer-1 ecosystems like Solana and Polkadot, and DePIN giants like Filecoin and Theta Network. Joining Chain Capital is JDI Ventures, a powerhouse DePIN fund led by JDI Global, which boasts a $200M portfolio and a track record of driving DePIN projects to success. The VC list also includes IDG Blockchain, a global leader in early-stage blockchain and AI investments, which has backed innovative names like dappOS, Pontem, . These top VCs with other esteemed VC names have proudly joined forces with U2U Network to revolutionize DePIN and drive mass adoption. The network’s community has grown to over 1 million members.
With a low entry cost, high ROI, and no coding knowledge required, this DePIN Subnet Node campaign is designed to attract a broad range of participants. Don’t miss the chance to join the U2U Network Node Sale and help power the next internet generation.
For further details on the U2U Network’s node sale, visit the official blog on the U2U Network website.
About U2U Network:
U2U Network is a modular L1 with subnet technology that perfect fit for DePIN. Their backers include Chain Capital, IDG Capital, Cointelegraph, JDI Ventures, Kucoin Venture, V3V Fund, Web3Port, and others. The project has also entered into partnerships with AWS, Klaytn Foundation, IoTex, Waterdrip Capital, Chain Catcher, etc. KOLs that have invested in U2U Network are KongBTC, Romano, ImNotTheWolf, Crypto Buzz, Antony, etc.
Mainnet is ready with more than 180K wallet addresses. DePIN Subnet launched with U2DPN product with more than 155K downloads, 59K contributer nodes, and 9K DAU in 3 months of launching. 80 dApps committed to building on chain (EVM-compatible) range from crypto applications (Defi, Gamefi, SocialFi, etc) to real-world scenarios (Storage, data mining, etc), and over 40 DePIN project signed MOU and under integration, 25 other projects in the pipeline.
Website: https://u2u.xyz/team
Contact
CBO
ASTRID DANG
U2U NETWORK
alice@uniultra.xyz