Dubai, United Arab Emirates, October 4th, 2024, Chainwire
Bybit, the world’s second-largest cryptocurrency exchange by trading volume, in collaboration with BlockScholes, released a comprehensive report deciphering movements in the derivatives market and painted a positive picture of underlying sentiment.
The latest data revealed that short-term options have only recently mirrored long-term volatility smiles which have consistently favored out-of-the-money (OTM) calls. Spirit remains high in the derivatives market. This is against the backdrop of the volatility premium created by the upcoming U.S. presidential election for options expiring after Nov.5, 2024, and the recent decline in spot prices in September.
Key Highlights:
- Futures: The surge in trading volume at month-end in Sep mainly concentrated in BTC contracts, and led to a notable decline in open interest as traders opted not to close their positions instead of rolling over. Data showed much lower future activity than that in perpetual swap markets.
- Perpetuals: The Sep. wave of contract expirations had less of an impact on perpetual swap contracts. Despite a decline in perpetual open interest at the end of the month, it does not translate to a significant decline, especially given the encouraging level of trading volumes recorded over the last two days of Sep.
- Options: The upcoming U.S. election continues to move markets, heavily influencing the BTC options. Longer-term and short-term options before the election displayed different volatility expectations, while actual volatility has reached new lows for the month since the Fed rate cut.
Tiding over to Oct, the first week of Q4 saw patterns reflecting the shifting sentiment. The nature of BTC spot prices however dictates sentiment is only one driver among many broader macroeconomic factors.
Download the Full Report
For a comprehensive analysis and in-depth findings, download the full report here.
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: media@bybit.com
For more information, please visit: https://www.bybit.com
For updates, please follow: Bybit’s Communities and Social Media
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Contact
Head of PR
Tony Au
Bybit
tony.au@bybit.com
Thailand, Bangkok, October 7th, 2024, Chainwire
SUI meme token $HIPPO donates 5M Thai Baht and enters into an official charity partnership with Moo Deng’s zoo – Khao Kheow Open Zoo
The SUI Moo Deng fan token Sudeng – $HIPPO has officially entered into a charitable partnership with Khao Kheow Open Zoo donating a hugely significant 5 million Thai Baht (approx US$150k) to the zoo and zoos of Thailand.
$HIPPO’s team were in Thailand represented by Kullathida Othong, to creating a strong and lasting charity partnership to support Moo Deng’s zoo and the other zoos of Thailand citing the difficulties the North of Thailand’s wildlife is facing from the current floods.
$HIPPO is a community-focused project and the leading meme on the SUI ecosystem with a current market cap of $160m, the team is looking to create a sustainable ecosystem and will be announcing more significant partnerships and collaborations soon.
About $HIPPO
$HIPPO is the leading community driven meme on SUI, a meme inspired and in support of Moo Deng. No cats, no dogs, only $HIPPO.
To find out more about $HIPPO (Sudeng) please visit https://x.com/hippo_cto
Contact
Mr
Mike M
Hippo CTO
hiippocto@gmail.com
Hong Kong, Hong Kong, October 4th, 2024, Chainwire
Moongate Protocol, an attention asset protocol disrupting the $1 trillion-plus attention economy, announces significant milestones in its expansion, the launch of its Moon Odyssey community points program, and the upcoming release of its first NFT collection, the Moongate Voyager Pass.
“Moongate Protocol is an attention asset protocol revolutionizing brand-consumer engagement,” says Jonathan Mui, Founder and CEO of Moongate.
Since securing a $2.7 million seed funding round earlier this year, Moongate has rapidly expanded its reach, growing the number of platform creators to over 3,500, who together have issued more than 4,500 smart token campaigns across over 40 countries. Many prominent global brands have adopted the protocol, including Binance, OKX, ComplexCon, TOKEN2049, and Wonderfruit. Overall, Moongate has facilitated over 20 million interactions among more than 1 million end-users.
Building on this momentum, Moongate recently took the on-chain questing phenomenon offline with its newly developed MoonQuest platform, which it unveiled through a partnership with TOKEN2049 Singapore, the world’s largest cryptocurrency conference. By designing interactive quests throughout the TOKEN2049 venue and utilizing smart tokens to reward attendees for their participation, Moongate delivered immersive and engaging experiences while introducing many Web2 users to Web3. The activation drew in over 1,500 participants who completed more than 6,000 quests over two days, demonstrating the effectiveness of smart tokens in large-scale events.
Users can learn more about Moongate’s funding success here.
Expected Token Generation Event and Earning Opportunities
Amidst its rapid growth, there are talks of an upcoming Token Generation Event slated in the coming months. While official details are yet to be announced, speculation suggests that the event could offer new avenues for users to engage with Moongate’s ecosystem.
In anticipation, Moongate has launched Moon Odyssey, a community points program where participants can earn points by completing social tasks and checking into the platform daily. These points will contribute to future rewards, potentially tied to the upcoming TGE. Adding to this excitement, Moongate is also introducing its first NFT collection—the Moongate Voyager Pass. The limited collection of 6,969 NFTs will offer various benefits, with a primary feature being a guaranteed airdrop. The Moongate Voyager Pass is set to launch on October 21 this year on the OKX NFT Launchpad. Official news regarding the launch is available on its website: https://app.moongate.id/quest.
About Moongate
Moongate is an attention asset protocol disrupting the $1T+ attention economy. The protocol consists of two key layers—a utility layer for brands to issue smart token campaigns for real-world engagement, and a data layer where such on-chain engagement data are monetized at scale by key stakeholders. Moongate aims to disintermediate centralized platforms to maximize brand-consumer value. It also introduces an innovative “engage-to-earn” mechanism that promotes active consumer participation for brand rewards and a share of $MGT emission.
To learn more users can visit Moongate’s Official Website | Twitter | LinkedIn
Contact
CEO
Jonathan Mui
Moongate
jon@moongate.id
Dubai, United Arab Emirates, October 3rd, 2024, Chainwire
Bitunix, a fast-growing derivatives exchange, has officially listed Catizen’s Token (CATI) on its spot market on September 20, 2024. This listing marks an important milestone in CATI’s growth, following its successful adoption on several major platforms. For Bitunix, this move is yet another step in its ongoing mission to provide a diverse and innovative trading experience.
Bitunix Welcomes Catizen: Expanding Play-to-Earn Offerings
Catizen is a viral Telegram-based game where players can earn Catizen coins by building and managing a virtual cat city. In their city players can build structures, upgrade infrastructure, and manage the well-being of their residents. The game sets itself apart with its play-to-earn model, where players can turn in-game coins into real cryptocurrency tokens through airdrops on The Open Network (TON). This element provides tangible rewards opportunities for players while enjoying the game
As for tokenomics, CATI has a total supply of 1 billion tokens, of which 43% are allocated for airdrop and ecosystem development, so that community members and early adopters have the chance to be rewarded for their participation and contributions to the growth of the project.
Source: Catizen Whitepaper
Since its launch in March 2024, the game has grown quickly on Telegram, with over 40 million on-chain users in total and 2.6 million daily active players. The game’s increase in popularity is driven by its design and the increasing demand for Web3-based crypto games. The team also plans to drop new features as part of the projected growth in the Metaverse and NFT sectors.
Responding to Demand: CATI Listing Enhances Trading Opportunities on Bitunix
Bitunix recognized the demand for this popular token and by taking this step, it gives traders access to a promising token that is gaining traction in the market. This move is part of Bitunix’s broader effort to respond to user demand for tokens with genuine utility and growth potential while offering top-tier security and low fees.
The listing of CATI meme coin on the spot market is a strategic move, aligning with Bitunix’s mission to offer users many opportunities. As a fast-growing crypto derivatives exchange, this latest addition enriches Bitunix’s growing portfolio and follows the platform’s strategy of aiding traders with access to a wide variety of tokens.
About Bitunix
Founded in 2021, Bitunix is one of the fastest-growing crypto derivatives exchanges in the world, achieving millions of users around more than 100 countries in just one year, and already offering over 250 coins for trading. Recently, major exchange rankings like CoinGecko have positioned it in the global Top 15 (by trusted rate).
Bitunix offers unique features that make it the most advanced crypto trading platform in the world (such as multi-window systems where the user can trade simultaneously on up to 8 different charts).
Thus, ease, security, and transparency are the main reasons why traders choose Bitunix for their daily trading, with advantages such as: Leverage up to x125, deep liquidity, lower trading fee, 24/7 customer support, reserve verification/audits, and a strong adherence to regulatory compliance.
Website | Telegram | X | LinkedIn
Contact
COO
KX WU
Bitunix
kx.wu@bitunix.io
Hong Kong, Hong Kong, October 2nd, 2024, Chainwire
For 13 years, the AADS ad network has enabled publishers to monetize website, blog, and media traffic in cryptocurrency. Game-changing technologies make the platform a solution not only for large sites but also for smaller ones, as there is no entry threshold. At the same time, AADS offers advertisers the opportunity to promote their projects with a low CPM by depositing cryptocurrency or using a bank card.
The ad network offers a comprehensive suite of solutions for publishers:
- Free sales department: AADS attracts advertisers to publisher’s site through managers and automated technologies
- Free ad moderation according to AADS ad policy or specific conditions publisher set
- Support for publisher and publisher’s advertisers 24/7
- Free advertising creatives for major publisher’s advertisers
- Full control over displayed ads: publisher can block ads it doesn’t like at any time in the account settings
Moreover, the crypto ad network is a highly effective method of traffic monetization, and here’s why:
The ad network operates on an auction-like principle. Advertisers essentially compete for the traffic of the targeted site, and the one with a higher CPD (cost per day) gets a larger share of the traffic.
This approach doesn’t guarantee a stable CPM for the publisher but allows earnings. There’s no income ceiling for publishers in the network, which has been recognized by top industry sites preferring AADS over other networks.
By embedding an ad unit (simple HTML code), the publisher gets a fully filled ad space that never remains empty, distinguishing AADS from other networks.
Moreover, it can be beneficial for publishers to attract more advertisers to their site. With AADS’s unique technology embedded in the network’s banners, publishers need no extra effort. The “Advertise here” button invites advertisers to join the network and launch ads targeting the site where the banner is placed or other sites in the network.
The publisher can potentially earn additional income from every advertiser they attract, not only to their site but to the advertising network as a whole.
Currently, the network already has over 3000 active publishers and 6000 ad placements. Among the publishers, users can find platforms like Dexscreener, Poocoin, Dexview, Apespace, and others.
The ad network supports Lightning, allowing users to withdraw funds instantly with low fees.
Users can create an ad unit and start working with AADS in just a few minutes without registration.
About AADS: Crypto Advertising Network Since 2011
Since company establishment in 2011, AADS has proudly served thousands of clients worldwide. Advertisers in the AADS ad network gain access to platforms worldwide and receive converting target audiences with a low CPM. The network is ideal for promoting crypto, trading, and gambling topics. More than 20 popular cryptocurrencies and bank cards are accepted for payment. It’s also possible to make deposits and withdrawals quickly through Lightning with minimal fees.
AADS’s expertise lies in efficient traffic monetization, achieved through innovative solutions for automated ad control. With AADS, publishers can potentially earn with no income cap. The ad network provides a free manual ad moderation service, ensuring a large pool of advertisers and high ad fill rates for publishers. The technology embedded in AADS banners allows publishers to attract new advertisers to their site effortlessly.
For more details and information about AADS, users can visit AADS’s official Website | Twitter | Telegram
Contact
Chief Marketing Officer
Anna Trifonova
AADS
a.trifonova@aads.com
Zug, Switzerland, October 2nd, 2024, Chainwire
Poland’s second-largest bank, Pekao S.A., used the Aleph Zero L1 blockchain to tokenize and preserve internationally renowned Polish artworks.
Bank Pekao, Aleph Zero, and Degen House are proud to announce the launch of Archiv3, a project to tokenize and preserve Polish cultural heritage on the Aleph Zero blockchain, with digital reproductions securely stored in the Arctic World Archive (AWA). This initiative combines blockchain technology with a commitment to cultural preservation, ensuring the safekeeping of Poland’s artistic legacy for future generations.
With Archiv3, Bank Pekao becomes the first universal bank to tokenize historical art specifically for preservation purposes. This initiative follows the bank’s earlier “Unique” project, marking its role in integrating blockchain technology with traditional banking. It also highlights the bank’s ongoing commitment to modernizing its services and expanding the reach of digital assets. Notably, Archiv3 is the first project to tokenize artworks for long-term storage in the Arctic World Archive, known as the “Doomsday Library.” In its press release, Bank Pekao pointed out that the deciding factor in using the Aleph Zero blockchain has been not only its speed and security but also its attention to optimizing for a low carbon footprint and its carbon offset program.
“We have chosen Aleph Zero for their privacy-focused, top-class technology combined with sound experience in cooperation with large institutions,” says Michał Walęczak, Director of the Private Banking Strategy and Development Department at Bank Pekao S.A. “Minimal carbon footprint as well as low storage costs were also important factors in our decision-making process. Tokenization of art requires modern and flexible technology, unforced creativity and some out-of-the-box thinking; these features we were happy to find in co-operation with Aleph Zero.”
ARCHIV3 involves the meticulous digitization of masterpieces from iconic Polish artists, such as Jan Matejko, Stanisław Wyspiański, Wojciech Kossak, and others, facilitated by Degen House, the bank’s technological partner, who also managed the Aleph Zero integration. The process began with the creation of high-quality, museum-grade 3D scans using ultra-sensitive cameras, which capture every detail of the original artworks. These digital replicas were then minted as NFTs on the eco-friendly Aleph Zero blockchain, which ensures minimal carbon footprint during the process. The tokenized versions are subsequently archived in the Arctic World Archive, where they are expected to remain secure for at least 1,000 years.
The artworks in the Archiv3 collection span a range of historical periods, primarily featuring 19th-century works and select modern pieces, such as those by contemporary artist Lia Kimura. This initiative aims to preserve these treasures not only for their cultural and historical significance but also as a resource for future study, conservation, and potential virtual exhibitions.
Preserving Art for Future Generations
The Arctic World Archive, located on the remote Svalbard archipelago, serves as a highly secure data vault designed to protect invaluable cultural, historical, and scientific information from natural disasters, cyber threats, and other risks. Established in 2017, the archive uses advanced storage technology to ensure data longevity without the need for electricity or human intervention, making it one of the safest places in the world for preserving irreplaceable records.
The AWA already houses manuscripts from the Vatican Library, documentation from UNESCO and UNICEF, the entire GitHub code repository, as well as literary works by Nobel Prize laureates Olga Tokarczuk and Wisława Szymborska. Bank Pekao is the first financial institution to archive culturally significant artworks at the AWA, while doing the same using decentralized storage, setting a precedent for how blockchain technology can be used to bridge traditional art with new digital solutions.
For any enquiries about this release, please contact josh@serotonin.co
About Aleph Zero
Aleph Zero is a privacy-first 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, and offers a comprehensive toolset for development across web3 that ranges 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 that are supported by Aleph Zero ecosystem development programs.
For more information, users can visit https://alephzero.org/
About Bank Pekao S.A.
Bank Pekao S.A., founded in 1929, is one of the largest financial institutions in the Central and Eastern European region and the second-largest universal bank in Poland with assets of 316 billion PLN. With the second largest branch network, Bank Pekao serves 6.9 million customers. As a leading corporate bank in Poland, it serves every second corporation in Poland. Its status as a universal bank is based on its leading market position in private banking, asset management, and brokerage activities. Bank Pekao’s diversified business profile is supported by a leading market balance sheet and risk profile reflected in the lowest risk costs, strong capital ratios, and resilience to macroeconomic conditions (Pekao proved to be the most resilient bank in Europe, ranking first in the stress tests conducted by the EBA in 2023 amongst 70 banks). Since 1998, Bank Pekao has been listed on the Warsaw Stock Exchange and participates in several local (including WIG 20 and WIG) and international indices (including MSCI EM, Stoxx Europe 600, and FTSE Developed). Pekao is one of the most dividend-paying listed companies in Poland over the past 10 years, paying out a total of approx. 20 billion PLN over a decade.
About Degen House
Degen House is a full-stack blockchain solutions provider with a proven track record of collaborations spanning major CEE banks and top global blockchain ecosystems. The company offers comprehensive end-to-end solutions, from strategic consulting and product development to targeted marketing and sales.
Contact
PR Manager
Josh Adams
Aleph Zero
josh@serotonin.co
Frankfurt, Germany, October 2nd, 2024, Chainwire
Mpeppe (MPEPE), a cryptocurrency project merging online gaming and decentralized finance (DeFi), has reached a significant milestone with its presale exceeding the $3 million mark. Alongside this achievement, Mpeppe (MPEPE) has launched an exciting new gaming platform on Telegram, offering users a fun and interactive experience while earning rewards. With the Mpeppe Casino on the horizon and the MPEPE30 promo code for early participants, Mpeppe (MPEPE) is aiming to establish a presence in the online gaming and cryptocurrency space.
Mpeppe (MPEPE) Achieves $3 Million Presale Milestone
The Mpeppe (MPEPE) presale has now surpassed $3 million, marking a significant achievement for the project. Mpeppe (MPEPE) sees this milestone as a reflection of growing investor confidence and excitement surrounding Mpeppe (MPEPE)’s innovative approach to online gaming and decentralized finance (DeFi). The success of the presale signals strong community support and positions Mpeppe (MPEPE) for further development and growth as the project moves toward launching its much-anticipated gaming and casino platforms.
Mpeppe (MPEPE) Releases New Gaming Platform on Telegram
Mpeppe (MPEPE) has also launched a new gaming platform integrated with Telegram, providing users with a decentralized application (DApp) to participate in games while earning Mpeppe tokens as rewards. The platform’s accessible design allows users to engage directly with the ecosystem. To incentivize early participants, the MPEPE30 promo code is now live, offering a 30% bonus on token purchases for a limited time.
Mpeppe Casino: Revolutionizing the Crypto Gaming Industry
Mpeppe (MPEPE) is preparing to introduce the Mpeppe Casino, a blockchain-powered gaming platform that will enable users to wager using MPEPE tokens. Mpeppe (MPEPE) has combined the viral appeal of meme culture with the growing popularity of cryptocurrencies in online gambling, creating a unique and engaging casino experience. The platform will offer the chance to win instant rewards, enabling players to enjoy timely payouts and reduced transaction fees through the use of blockchain technology. With Mpeppe (MPEPE), players will experience enhanced privacy, security, and a frictionless gambling experience.
30% Bonus Promo for Early Participants
To celebrate the launch of the new Telegram gaming platform, Mpeppe (MPEPE) has introduced the $MPEPE30 promo code, which offers users a 30% bonus on their tokens when they join early. This promo code is designed to reward early participants and encourage engagement within the Mpeppe (MPEPE) community.By utilizing the $MPEPE30 bonus, users have the opportunity to increase their holdings and earning potential as they engage with the platform.
Mpeppe (MPEPE): Meme Power and Blockchain Driving Gaming Revolution
With the presale hitting $3 million, the release of the new Telegram gaming platform, and the upcoming launch of the Mpeppe Casino, the Mpeppe (MPEPE) team aims to make a significant impact in the online gaming and cryptocurrency space. The viral influence of meme culture, combined with the advantages of blockchain technology, has positioned Mpeppe (MPEPE) as a project to watch.
About Mpeppe (MPEPE)
Mpeppe (MPEPE) combines elements of cryptocurrency, decentralized finance, and online gaming to offer a unique platform for users. By integrating blockchain technology into its gaming services, Mpeppe seeks to create secure, efficient, and rewarding experiences for its users.
For more information on the Mpeppe (MPEPE) Presale users can visit Mpeppe (MPEPE)
Users can join and become a community member:
https://x.com/mpeppecommunity?s=11&t=hQv3guBuxfglZI-0YOTGuQ
Mpeppe (MPEPE) is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest.
Contact
Pepe Guardiola
Support@mpeppe.io
Grand Cayman, Cayman Islands, October 2nd, 2024, Chainwire
Sui becomes the first blockchain to enable the most secure modern alternative to the Border Gateway Protocol
Sui, the Layer 1 blockchain offering industry-leading performance and infinite horizontal scaling, announced that it will be the first blockchain to provide validators with a comprehensive defense against Internet routing attacks that have caused significant downtime on other networks, addressing the risks to Web 3.0 at the layer of the underlying Internet infrastructure and fortifying what is already the most secure and reliable Layer 1 blockchain, with 100% uptime since its mainnet launch. The new infrastructure is based on a networking technology called SCION and is currently live on Sui’s testnet.
The protocol that routes data packets between the independent networks that form the Internet is called Border Gateway Protocol (BGP) and was created in the late 1980s. At that time, achieving scalable global routing was the main focus, without consideration for security. Since then, the Internet has become much more important and dangerous, but unfortunately, the security of BGP has not kept pace with the increasing risks.
The current lack of security enables malicious actors to reroute traffic toward their own infrastructure and then either drop it, or worse, impersonate the intended communication partners. For example, in 2018, attackers rerouted DNS traffic and redirected visitors of MyEtherWallet to their own servers – stealing over $17 million in Ethereum. Notably, the attackers didn’t just take on any small DNS server but AWS’s Route 53 service, one of the world’s largest DNS services. In 2022, an attack on KLAYswap was possible despite the fact that KLAYswap followed security best practices. Simply rerouting traffic allowed the attacker to bypass state-of-the-art security protocols DNSSEC and TLS.
So far, no blockchain has a comprehensive defense against this class of attacks. Sui will be the first blockchain to integrate SCION, which is a next-generation network architecture that solves these major vulnerabilities. Importantly, the principals from the team of Swiss researchers that invented SCION have brought their unique knowledge and skills to Mysten Labs – forming the core of the team implementing this critical infrastructure technology for Sui.
“SCION is the security layer that the Internet desperately needs: it is built from the ground up with security in mind,” said George Danezis, Co-Founder and Chief Scientist at Mysten Labs. “With the integration of this technology, Sui will be the first blockchain to provide validators with access to a next-generation internet that is cryptographically protected against attacks”
The SCION technology being implemented on Sui’s network is an Internet architecture, which, like today’s Internet, coordinates multiple smaller networks. However, on Sui, SCION radically alters the way the Sui network will find paths toward external destinations and leverages cryptography to ensure that it cannot be influenced by unauthorized parties. This renders the type of attacks described above ineffective against Sui.
Implementing SCION arms Sui with unique resilience to network hijacking attacks and the ability to fall back from one network to another results in:
- More resilient consensus participation. For individual validators on Sui, the ability to fall back from one network to another in the event of attacks against either network will mean higher resilience to network attacks that attempt to take the validator offline—an event which can impact epoch rewards.
- More available state-sync. For full nodes on Sui, this means higher available connections to their syncing full nodes or validators, offering an alternative to retrying other, possibly more distant nodes, and the ability to circumnavigate network bottlenecks.
- Robustness in the case of IP DDoS attacks. In the event of IP DDoS attacks, in which it is targeted by an attack utilizing multiple sources of attack traffic, Sui will be able to prioritize communication over SCION instead of over IP, rendering the attack against the validators ineffective.
In contrast to the Internet Protocol (IP), which is used to send and forward packets in the current Internet, a SCION-enabled Sui node can select among multiple paths towards the intended destination and encode their choice in the packet’s header. SCION’s support for the simultaneous use of multiple paths allows Sui nodes to serve different types of traffic over different paths, such as assigning consensus and sync to different network paths with different properties.
In addition to the security benefits it provides, by employing SCION’s new packet-forwarding protocol, Sui enables new control for end hosts that also further improves the networks already industry-leading speeds. Experiments with the SCION-enabled network showed that the latency between distant nodes could be reduced by over 10%, through automatic path choice and optimization available via SCION-enabled Sui nodes.
The steps to SCION-enable a Sui node, in brief, involve obtaining a SCION connection from a SCION-enabled Internet service provider or network operator and running a SCION network appliance that is accessible by the Sui node (e.g., colocated with the node or on a separate host). As the SCION network is running side-by-side with the Internet, network connectivity is achieved on Sui if either IP or SCION connectivity is operational – achieving an unprecedented level of availability. Consequently, the new infrastructure further enhances Sui to become the prime blockchain for critical infrastructure use cases.
The SCION infrastructure was established in collaboration with Anapaya Systems, which was responsible for building the router software and other tools necessary for the Sui SCION network implementation, Cyberlink and InterCloud, which operate the global SCION infrastructure interconnecting the Sui validators, and Martincoit Networks, which helped design and coordinate the rollout of the SCION/Sui project. Karrier One is providing SCION network connectivity in Canada and beyond, and is building up SCION-enabled data center hosting services. The SCION Association, which recently welcomed Mysten Labs as a member, was involved as the organization responsible for propagating the technology.
Contact
Sui Foundation
media@sui.io
Cayman Islands, Grand Cayman, October 2nd, 2024, Chainwire
The Nibiru Foundation launches Nibiru Ventures, a strategic venture arm dedicated to supporting blockchain projects building natively in the Nibiru ecosystem. Through funding and guidance, Nibiru Ventures will cultivate the next generation of builders and help bring their application visions to market.
Product and operational support are vital, but capital introductions and commitments have emerged as the most commonly requested resources from founders building applications. Whether targeting multi-chain expansion or building exclusively on Nibiru, product integration comes with costs in the form of developer time and salaries spent.
“Nibiru Ventures was created to overcome the challenges faced by ecosystem dApp founders and expand the scope of the services that Nibiru provides, offering upfront funding and broad support to accelerate their journey,” says Nibiru Chain COO Jonathan Chang.
Chang emphasized that Nibiru Ventures hopes to mitigate the upfront risk associated with integrating an application to a new chain while ensuring alignment with Nibiru, and without enforcing chain exclusivity. On top of this, the team offers guidance on entity formation, pitching, fundraising, go-to-market strategy and technical assistance.
Nibiru Ventures Investment Strategy
Ideas are abundant in the Web3 space, but the path to widespread adoption requires applications that deliver tangible utility. Nibiru Ventures is focused on supporting consumer-facing applications that naturally drive meaningful interest and engagement, in contrast to more esoteric infrastructure projects.
Typical investments focus on pre-seed and seed-stage rounds and priority is given to those with shorter time-to-market. Key areas of focus include pioneering models of decentralized exchanges (DEXs), lending, derivatives, and vaults for structured products.
“For Nibiru Ventures, these sectors are considered particularly promising due to their alignment with patterns of historical adoption, parallels to successes in Web2, and a solid base of existing technology to build upon,” explains Nibiru co-founder, Unique Divine.
To date, one of Nibiru Ventures’ significant investments was made in LayerBank, a decentralized multi-chain lending platform looking to become a liquidity hub across EVM-compatible Layer 2 and rollup chains. With $675+ million USD in total value locked (TVL) and growth potential, LayerBank will introduce cross-chain lending functionality in Q4 2024. This innovation will consolidate fragmented liquidity across various Layer 2s into a unified liquidity pool.
To learn more about the application process for Nibiru Ventures and to apply for funding, readers can visit the application form. By applying, projects gain the opportunity to join a carefully curated portfolio. Nibiru Ventures seeks to partner with forward-thinking founders and teams to drive positive growth in Web3.
About Nibiru
Nibiru Chain is a smart contract ecosystem with a high-performance, EVM-equivalent execution layer (Nibiru EVM). The Nibiru blockchain is engineered to meet the growing demand for versatile, scalable, and easy-to-use Web3 applications. Having secured $20.5 million in strategic and seed funding rounds, Nibiru is backed by investors, including NGC Ventures, HashKey Capital, Kraken Ventures, and Tribe Capital.
Contact
Nibiru Chain
media@nibiru.org
Zug, Switzerland, October 1st, 2024, Chainwire
Energy Web’s innovative app enables EV owners to decarbonize charging sessions with renewable energy
Energy Web is proud to announce the beta launch of AutoGreenCharge, a mobile app designed to decarbonize electric vehicle (EV) charging. With AutoGreenCharge, users can ensure that every EV charging session is powered by renewable energy. The app is accessible to owners of popular electric vehicles, including Tesla, BMW, Mercedes, and others, bringing the promise of green charging to a worldwide, mainstream audience.
Powered by the decentralized technology of Energy Web’s EnergywebX and secured by the Polkadot blockchain, AutoGreenCharge offers a simple, secure, and verifiable solution to ensure EV charging is not just electric, but 100% renewable. By integrating renewable energy certificates (RECs), the app will automatically match EV charging sessions with clean energy, providing verifiable green charging in real time. While in the beta phase, users can familiarize themselves with the app’s core features and experience the future of EV charging firsthand.
AutoGreenCharge allows EV owners to easily connect their vehicles through a partnership with Smart Car. Once connected, every charging session is automatically tracked, giving users detailed insights into their energy consumption and environmental impact. As the app evolves toward full production, users will be able to retire real renewable energy certificates with each charging session, ensuring their cars are powered by clean, sustainable energy sources. Additionally, they will have the option to specify preferences for the type and location of renewable energy, offering personalized access to solar, wind, and other clean energy sources from around the globe.
Mani Hagh Sefat, CTO of Energy Web, shared, “AutoGreenCharge represents a major step forward in the electrification and decarbonization of transportation. By providing EV owners with a seamless way to ensure their cars are charged with renewable energy, we’re empowering drivers to make more sustainable choices and actively contribute to the global energy transition.”
AutoGreenCharge’s integration with the Polkadot blockchain ensures that every transaction and certificate retirement is securely recorded and verifiable, enhancing transparency and trust in the system. This cutting-edge app is a key development in the broader mission to build a more resilient, efficient, and sustainable energy system.
With the beta version now available, EV owners are encouraged to download the AutoGreenCharge app and start participating in this transformative initiative. The app can be easily found on the testflight Apple and Google Play Stores. As the app moves towards its full production release, users will play a crucial role in refining its features and improving the future of green charging.
For more information, users can visit Energyweb.org
About Energy Web
Energy Web is driving the global energy transition through cutting-edge, open-source, decentralized software solutions. By leveraging blockchain technology, we create new market mechanisms and decentralized applications that empower energy companies, grid operators, and consumers to actively shape their energy futures. Our mission is to build a more resilient, efficient, and sustainable energy system for all.
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