chainwire

Road Town, British Virgin Islands, September 23rd, 2024, Chainwire

The token is now available on CEXs Gate.io and MEXC, and DEX Jupiter.

Matrix One, The decentralized protocol accelerating the development of human-like AI characters, is pleased to announce the successful launch of its native token, $MATRIX. The $MATRIX token, which went live on September 17 is now available for trading on leading cryptocurrency exchanges Gate.io, MEXC, and Jupiter, following sold-out Initial DEX Offerings (IDOs) across multiple platforms, including Seedify, ChainGPT, Eesee, SeaPad, and WeWay Launchpad.

Token Utility and Ecosystem Integration

The $MATRIX token serves as the cornerstone of the Matrix One ecosystem, offering multiple utility functions across various decentralized applications (dApps) built on the protocol. Key utilities of the token include:

• Service Subscription Model: Stakers of $MATRIX gain complimentary access to premium features in dApps such as Avatar.One, which already boasts over 500,000 active users. Upcoming features include 3D AI character use cases like AI assistants, traders, teachers, and personal shoppers.
• Character Marketplace Discoverability: Users can stake $MATRIX tokens to enhance the visibility of specific characters, reflecting their perceived quality and potential demand. Additionally, $MATRIX can be used for commission-free trading on Character.One. Bringing the first AI Characters on-chain to Solana.
• Content Monetization: Creators of on-chain AI characters can tokenize their creations and earn $MATRIX tokens through engagement from other users and applications. This fosters decentralized ownership and monetization of AI characters.
• DAO Governance: $MATRIX holders can participate in governance decisions, including the development of new dApps and protocol upgrades within the Matrix One ecosystem.
• Dynamic Character Upgrades: Tokens can be used to unlock or upgrade character traits, such as skills, animations, advanced memory, high-quality rendering, or other gameplay enhancements.

Token Supply and Distribution

The total supply of $MATRIX is capped at 10 billion tokens, with 164,525,000 tokens circulating immediately following the TGE. The distribution of the total supply is as follows:

• Community: 25%
• Seed round: 16.93%
• Core contributors: 15%
• Staking rewards: 11.85%
• Liquidity: 10%
• Public sale: 6.38%
• Private rounds: 1.62%
• Compute (treasury): 4%
• Airdrop: 4%
• Strategic round: 3.33%
• Marketing and partnerships: 1.89%

Market and Exchange Listings

As of the token launch, $MATRIX is actively listed on Gate.io, MEXC, and Jupiter. Market capitalization information is available in real-time on Dextools here.

Achievements and Milestones

Matrix One is already home to a functional dApp, Avatar.One, which has over 500,000 active users. In addition, more than 100,000 Solana wallets are registered within the ecosystem, reflecting the growing adoption of Matrix One technology.

About Matrix One

Matrix One is a decentralized platform dedicated to revolutionizing the interaction between users and AI-driven characters. Through its ecosystem of dApps, including Avatar.One, Matrix One leverages blockchain technology to offer decentralized ownership, monetization opportunities, and community-driven governance of AI-generated characters. With a rapidly growing user base and innovative use cases, Matrix One aims to bridge the gap between AI and blockchain by empowering users to create, engage with, and govern dynamic virtual characters.

Contact

Mark Studholme
Matrix One
hi@matrix.one

Beijing, China, September 23rd, 2024, Chainwire

In a new development for the gaming and crypto communities, the former co-founder of Hamster Kombat has introduced a new platform—Hamster Cash. This hard fork is designed to enhance the user experience by offering bigger airdrops, and an expanded set of features. The platform’s release has raised questions about what it offers and whether users should consider transitioning.

Motivation for the Launch

The creation of Hamster Cash is driven by a desire to provide more meaningful incentives for users. The co-founder felt that Hamster Kombat wasn’t offering enough in terms of rewards. With Hamster Cash, the aim is simple—bigger airdrops, real-world value, and a smoother experience for users old and new.

Key Features of Hamster Cash

Users familiar with Hamster Kombat will find several reasons to consider switching to Hamster Cash, including:

• Enhanced Airdrops with Real-World Value: Hamster Cash offers larger airdrops compared to the limited, game-centric rewards of its predecessor. These rewards can be transferred to Ethereum (ETH) wallets, with payments secured via smart contracts on major exchanges such as Binance, ByBit, and OKX.
• Seamless Progress Transfer: Existing Hamster Kombat users can transfer their in-game progress, achievements, and status to Hamster Cash without disruption, ensuring continuity and immediate access to enhanced rewards.
• Expanded Ecosystem Features: Hamster Cash introduces new functionalities that go beyond gaming, including NFT creation, peer-to-peer (P2P) trading, and 50% cashback on marketplace transactions. Additionally, users can participate in liquidity pools within the platform’s ecosystem.

Financial and Technological Infrastructure

Skeptics may wonder if Hamster Cash is just another mini-app with big promises and little substance, but this time, the co-founder is backing the project with real financial infrastructure. By launching on major exchanges and integrating secure payment channels, Hamster Cash aims to bridge the gap between gaming and decentralized finance, allowing users to turn their gaming achievements into actual monetary rewards.

With features like the Hamster Marketplace, Hamster Launchpool, and Hamster Academy, the platform is creating a fully-fledged ecosystem where users can potentially earn, trade, and invest.

How to Get Started with Hamster Cash

Hamster Cash makes it easy for both existing Hamster Kombat users and newcomers to join. Users can follow a few steps to participate:

1. Launch the Telegram Bot: Connect with the official Hamster Cash bot.
2. Complete Tasks: Add an ETH wallet and follow the provided instructions.
3. Claim the Airdrop: Upon completion, users can claim their airdrop balance and earn additional rewards through referrals.

About Hamster Cash

Hamster Cash, based on the ERC-20 standard, ensures security and liquidity, allowing Hamster Kombat users to turn gaming achievements into real financial successes. Users can join and become part of the financial revolution in the gaming industry!

Contact

Liam Defiore
press@hamstercash.co

New York, United States, September 20th, 2024, Chainwire

The Ignition AI Accelerator, a collaborative initiative between NVIDIA, Tribe, and Digital Industry Singapore (DISG), today announced that Aptos Foundation has partnered with The Ignition AI Accelerator to drive growth and advancement of AI startups in Asia. This deepens Aptos Foundation’s work to connect its expertise and Aptos-related technology with artificial intelligence solutions that are expected to be the game changer for economies and businesses.

With Aptos Foundation providing industry expertise and funding support, The Ignition AI Accelerator is poised to drive APAC’s next generation of high-potential AI innovators and founders that are pushing the boundaries of AI development on a global scale. According to recent IMF research, Singapore is the world’s most prepared country for AI, which reflects years of aggressive investment in AI infrastructure and talent in the country. 

Aptos Foundation will be providing resources and support for AI startups in the accelerator, opening doors to emerging technologies and providing them with access to global markets. Aptos Foundation will leverage Microsoft’s OpenAI Service, which it hopes will eliminate barriers to adoption and establish a clear path for the practical application of frontier technologies. Aptos Foundation has key relationships with AI leaders, including Overlai and Adot.

Ng Yi Ming, Director, The Ignition AI Accelerator, emphasised, “Onboarding Aptos Foundation as a technical partner marks a key milestone in The Ignition AI Accelerator’s mission to fuel AI startups and drive synergies with global leaders in emerging technologies. By harnessing resources and expertise, we aim to empower AI startups with the tools they need to build applications that will define the next phase of technological advancements. Together, we are committed to driving the evolution of the AI sector and nurturing a new generation of AI entrepreneurs.”

While Aptos Foundation’s mission is to drive blockchain accessibility and decentralisation, the expansion further into AI technologies is expected to add a new dimension to the global ecosystem bringing emergent technologies to the masses. 

“The growth potential for AI is unmatched, and we look forward to leading the way in this transformative approach to fueling innovation and entrepreneurship. With this partnership, we aim to join the global partners at The Ignition AI Accelerator in catalysing the creation of AI applications, ideas, products and services,” said Bashar Lazaar, Head of Grants & Ecosystem of Aptos Foundation. “Together, we will empower a new wave of AI tech founders and pioneers building the future in APAC with worldwide potential. 

The Ignition AI Accelerator, launched in May 2024, is a global initiative based in Singapore that supports AI startups with business and technical acceleration, offering deep AI development expertise, cloud credits, and funding opportunities. Since its inception, it has partnered with leading industry giants to provide diverse emerging ventures with the right knowledge and expertise to scale their AI-focused businesses globally.

About The Ignition AI Accelerator

The Ignition AI Accelerator, a collaborative initiative by NVIDIA and Tribe and supported by Digital Industry Singapore (DISG), is designed to identify high-potential, growth-stage tech founders to accelerate their success and growth. We are dedicated to fostering a growing and thriving tech & AI ecosystem by pushing the boundaries of what frontier technologies can offer. 

The Ignition AI Accelerator provides high-potential, growth-stage tech founders with access to cutting-edge AI tools and deep development guidance, aimed at producing market-ready AI products and services. By leveraging a global network of corporate and investor partners, The Ignition AI Accelerator helps startups forge significant partnerships and penetrate international markets, driving innovation and transformation across sectors including in healthcare and finance.

The Ignition AI Accelerator is exploring corporate partnerships. Interested parties can find out more information at  https://www.theignition.ai.

About Aptos Foundation

Aptos Foundation is dedicated to supporting the development of the Aptos protocol, decentralized network and ecosystem and driving engagement with the Aptos ecosystem. By unlocking a blockchain with seamless usability, Aptos Foundation aims to bring the benefits of decentralization to the masses. Users can visit https://www.aptosfoundation.org for more information.

About Aptos Network

Aptos is a next-generation Layer 1 blockchain. Aptos’ breakthrough technology and programming language, Move, are designed to evolve, improve performance and strengthen user safeguards. Users can visit https://www.aptosfoundation.org for more information on the Aptos blockchain.

Contact

Comms Advisor
Brian Principato
Aptos
brian@hirschleatherwood.com

Kingstown, St Vincent & the Grenadines, September 20th, 2024, Chainwire

The Stashes Cryptosphere, a blockchain-focused platform, announces the upcoming presale of its Stashes ($STSH) Token, set for September 25, 2024. Designed to provide wider access to decentralized finance (DeFi) opportunities, $STSH aims to offer a user-friendly experience to a broad range of crypto participants by facilitating transactions on both the Binance Smart Chain (BSC) and Ethereum networks.

Key Features of the $STSH Token

Stashes ($STSH) introduces a range of features intended to benefit both new and experienced crypto users:

• Multi-Chain Deployment: Operating on both Binance Smart Chain and Ethereum, $STSH allows for increased accessibility and reduced transaction fees.
• Referral Program: Token holders can benefit from a referral program designed to reward participants who introduce new users to the Stashes ecosystem.
• Profit Sharing Mechanism: The project incorporates a buyback program and direct profit-sharing payments to token holders, aimed at supporting token value.
• Airdrops and Staking: Regular airdrops and staking rewards—offering up to 120% APR—provide additional incentives for long-term holders and contributors to the ecosystem.

Focused on Expanding Opportunities for Smaller Investors

The Stashes Cryptosphere has identified that many smaller participants in the crypto market—often referred to as “retail investors”—can miss out on some of the more favorable opportunities that larger holders typically access. Stashes seeks to address this gap by providing tools and structures that enable a wider range of investors to participate in potential market gains.

“Our goal with the Stashes Token is to offer more inclusive opportunities within the crypto space,” said Prof Stash, COO of The Stashes Cryptosphere. “We aim to give smaller investors access to resources that could contribute to their financial growth.”

Looking Ahead: Listing and Market Projections

Following the presale, the $STSH Token is expected to be listed on decentralized exchanges (DEX), with plans for further listings on centralized exchanges. The project has set an ambitious target market capitalization of $2 billion, based on anticipated demand and tokenomics.

Presale Information

The Stashes ($STSH) presale will open on September 25, 2024. Interested participants will be able to purchase tokens at an initial price of $0.00000096, with multiple payment methods accepted, including BNB, ETH, USDT, and traditional payment methods like Mastercard and Visa.

For more information, users can visit thestashes.io.

About Stashes Cryptosphere

Stashes Cryptosphere is a blockchain-driven platform dedicated to creating innovative financial tools aimed at expanding opportunities within the decentralized finance (DeFi) ecosystem. Through the development of accessible products such as the Stashes ($STSH) Token, the platform seeks to democratize access to wealth-building opportunities traditionally available to a select group of investors. By leveraging multi-chain technology, Stashes provides a streamlined experience for users across various blockchain networks.

Users can stay connected by visiting

• Telegram: https://t.me/stashesportal
• X (formerly Twitter): https://x.com/STASHEScrypto
• YouTube: https://youtu.be/M8LFewQMaKY

Contact

Chief Operating Officer
Professor Stashes
support@thestashes.io

Singapore, Singapore, September 20th, 2024, Chainwire

Mantle’s flagship game, Catizen, officially launched its token, $CATI, on multiple exchanges today, including Binance, OKX, Bybit, Gate.io, and Bitget. As the most profitable mini-game on Telegram, Catizen seamlessly integrates Telegram with The Open Network / TON (L1) and Mantle Network (L2). $CATI, as the universal token of the Catizen ecosystem, is issued on both the TON and Mantle. It can be used in the mini-app center and open tasks, providing users with the opportunity to participate in the Launchpool “Stake to Earn,” further promoting the development of the entire gaming ecosystem.

The $CATI token will exist in a parallel relationship on TON and Mantle, with a maximum supply of 1 billion tokens on each. However, the actual total supply will remain at 1 billion across the two blockchains through a locking mechanism. Currently, cross-chain transfers of $CATI can be done through Bybit exchange. The balance between the two chains is maintained through mutual locking contracts. For example, if Catizen airdrops 10 million $CATI to Mantle game users, 990 million $CATI of the 1 billion on Mantle Network will enter the locking contract, while 10 million $CATI of the 1 billion on TON will enter the locking contract to ensure that the total circulation on both chains remains capped at 1 billion.

Since receiving Mantle EcoFund’s major investment in February 2023, Catizen, developed by Pluto Studio, has skyrocketed in popularity, becoming one of the most successful blockchain games globally, with over 36 million players. Catizen’s success can be reflected in the following impressive metrics:

• Over $30 million in revenue generated within just 6 months
• Over 7 million Daily Active Users (DAU)
• 3 million on-chain users, with over 600,000 on the Mantle blockchain
• Over 1 million paying users, with an Average Revenue per Paying User (ARPPU) of $27, totaling $27 million in revenue
• More than 1 million MNT and 40 million $FISH tokens distributed as rewards exclusively to Mantle Catizen users
• High-quality transactions: users bind wallets, sign contracts, and pay gas fees in MNT or TON for each transaction. More than half of the wallets hold at least $10 or more in assets

By providing exclusive benefits through the Mantle and TON, Catizen has demonstrated its unparalleled ability to onboard users into Web3 on a massive scale, leading the next wave of Web3 gaming economies.

For more information:

Catizen on Mantle statistics: https://dune.com/hashed_official/catizen-mantle 

$CATI airdrop details: https://x.com/CatizenAI/status/1833554571219898749

About Mantle

Mantle Ecosystem comprises an Ethereum layer 2 (L2) — Mantle Network, a decentralized autonomous organization (DAO) — Mantle Governance, one of the largest on-chain treasuries — Mantle Treasury, and an Ether (ETH) liquid staking protocol — Mantle LSP: all built on Ethereum. Mantle token ($MNT) is the unified product and governance token of the ecosystem. 

Mantle’s first core product is Mantle Network, an Ethereum L2. Mantle Network strives to be compatible with the Ethereum Virtual Machine (EVM). Mantle Network’s modular architecture separates transaction execution, data availability, and transaction finality into modules — which can be individually upgraded and adopt the latest innovations. Mantle Network is the first L2 to partner with ETH restaking protocol EigenLayer for the data availability module. By adopting a rollup architecture, Mantle Network is secured by Ethereum. As the world’s first DAO-spawned L2, Mantle Network is pioneering a vision for the mass adoption of token-governed technologies. The current mainnet version, Mantle Network Mainnet v2 Tectonic (Mantle v2 Tectonic), went live on March 15, 2024.

Mantle Network’s infrastructure is meticulously designed to handle the demands of the web3 gaming stack, enabling the creation of a connected and expansive gaming universe where assets have real value beyond a single game’s ecosystem. Closely intertwined with Mantle initiatives such as Hyperplay, Mantle Network’s ecosystem of expertise and resources facilitates a streamlined process for developers to build and deploy their gaming projects.

To support the next-generation of innovators, builders, and developers, Mantle is growing its ecosystem via Mantle Grants Program and Mantle EcoFund, a catalyzed capital pool of $200M. Mantle’s Showcase Apps program lends additional support and publicity to ecosystem projects in categories such as real world assets (RWA). 

For more information, readers can please visit:

Website | X/Twitter | Devs X/Twitter | Discord | Telegram | YouTube | Blog | GitHub

About Catizen

Catizen is a revolutionary gaming bot on Telegram that seamlessly integrates the messaging app Telegram with multiple blockchains, including TON and Mantle Network. It redefines Web 3.0 experiences by enabling mobile payments with both crypto currencies and fiat currencies. By tapping into Telegram’s vast user base, Catizen aims to create a Web 3.0 traffic hub on an unprecedented scale.

Additionally, Catizen is evolving into a Mini-app Center, integrating features from launchpool platforms, such as early access to new projects, token-based activities, transaction capabilities, along with short videos and e-commerce functionalities. This innovative approach will attract and engage users through gamification and strategic Play-to-Airdrop initiatives, transforming how users access and engage with the Web 3.0 ecosystem.

For more information, readers can please visit: 

X | Official Website | Telegram | Telegram Chat | Bot

Contact

Mantle’s Communications Team
Mantle
windrangerlabs@wachsman.com

Amsterdam, Netherlands, September 20th, 2024, Chainwire

Nosana, the decentralized AI inference engine powered by a global network of consumer GPUs, reveals the official launch date for its Nosana Mainnet: January 14, 2025.

Nosana, a leader in decentralized AI computing, is proud to announce the upcoming launch of its Nosana Mainnet, set for January 14, 2025. This marks a significant milestone for Nosana, following a year of rigorous testing and preparation for full-scale deployment.

“When we first envisioned Nosana, we imagined a world where AI computing would be decentralized, accessible, and limitless—a place where developers could access GPU resources without the traditional barriers of centralized infrastructure,” said Jesse Eisses, co-founder of Nosana. “We recognized early on that existing AI compute solutions were too centralized or too complex, limiting innovation. Our mission from the start was to create a decentralized network that offers scalable, affordable, and open AI computing resources for the next generation of builders and innovators.”

Over the past nine months, the Nosana team has worked alongside its community to test, refine, and prepare the platform for its mainnet release. The network has engaged with over 4000 nodes from 60 countries across 6 continents, tapping into a global GPU provider network and gaining valuable insights from various AI projects to refine its technology.

What Nosana’s Mainnet Brings

Nosana’s Mainnet will transform access to decentralized GPU resources, unlocking crucial power and efficiency for AI inference workloads. With the launch, Nosana’s users and GPU providers will enjoy new features and significant improvements:

• Nosana Console: A sleek and refined UI for seamless management of AI inference jobs.
• Client SDK: A robust software development kit enabling developers to easily connect their projects to the Nosana GPU network.
• Dynamic Pricing: Real-time, market-driven pricing to optimize resource allocation and ensure fair pricing.
• Advanced Job-to-Node Matching: Efficient job distribution to maximize performance across the network.
• Unrestricted GPU Grid Access: Clients will have full access to Nosana’s decentralized GPU network, enabling scalable AI operations.

“We are excited to take Nosana to the next level with its mainnet launch, offering full access to decentralized GPU computing” added Eisses.

Test Grid Phase 3: The Final Step Toward Mainnet

On September 30, 2024, Nosana will begin Test Grid Phase 3, its final stage of testing, focusing on refining pricing models, implementing staking, and ensuring the platform is fully prepared for the January launch. This phase will be the last opportunity to test critical components before the mainnet goes live.

Nosana’s Vision for 2025

The mainnet launch is just the beginning for Nosana. As the platform goes live, the company plans to expand its ecosystem and attract a broader range of projects. In Q2 2025, Nosana will host its first global hackathon, inviting developers and startups to explore new applications for AI inference on its decentralized GPU grid.

“As open-source developers, Jesse Eisses and I wanted to create a solution that moves away from the high costs, inflexibility, and control of centralized cloud providers,” said Sjoerd Dijkstra, co-founder of Nosana. “We couldn’t have reached this milestone without the support of our community, investors, and partners who believed in our vision for making AI computing more accessible for everyone.”

Nosana’s AI inference marketplace will continue to evolve, with ongoing improvements and new features to keep it at the forefront of decentralized AI technology.

Timeline Overview:

• September 30, 2024: Start of Test Grid Phase 3
• January 14, 2025: Nosana Mainnet Launch
• Q2 2025: Global Hackathon for AI applications on Nosana’s network

About Nosana

Nosana is a decentralized AI inference engine powered by a global network of consumer GPUs. Built on the Solana blockchain, Nosana provides scalable and efficient access to GPU resources for AI workloads. With its cutting-edge infrastructure, dynamic pricing model, and advanced job-to-node matching, Nosana leads the way in decentralized AI computing.

https://nosana.com

Contact

CMO
Caroline Johnova
Nosana
caroline@nosana.io

Singapore, Asia, September 19th, 2024, Chainwire

Harvard Students and Alumni Launch Groundbreaking Native Bitcoin Blockchain Project at Harvard Innovation Labs to Tackle Global Debt Crisis 

•  Launch of “New Bretton Woods Project” (NBW): A Harvard-led initiative, soon to be incubated at Harvard Innovation Labs, tackling the global debt crisis through decentralized finance (DeFi) solutions. 
•  Native Bitcoin Stablecoin: NBW is developing a Bitcoin-backed stablecoin via BeL2 infrastructure, offering stability while preserving Bitcoin’s decentralization and security. 
•  Economic Disruption and Resilience: The project aims to reshape global finance by leveraging Bitcoin and DeFi to promote economic stability and empower users in the face of rising global debt. 

In a bold step to transform the global financial landscape, the Digital Economy Research Initiative, led by a dynamic group of Harvard students and alumni, has officially launched the “New Bretton Woods Project” (NBW). This pioneering blockchain-based initiative has secured membership in Harvard’s prestigious Innovation Labs and is set to begin incubation there in the coming weeks. NBW aims to tackle the escalating global debt crisis by offering innovative, technology-driven solutions. 

At the heart of the project is the development of a native Bitcoin stablecoin, leveraging the transformative potential of decentralized finance (DeFi). Built on the innovative BeL2 infrastructure, NBW aims to reshape global financial systems, unlocking new possibilities for debt management and financial stability across nations. 

With the power of DeFi and blockchain, NBW stands poised to disrupt the status quo, offering a bold new path toward economic resilience in the face of one of the greatest challenges of our time. This initiative signals not just a step, but a leap toward a decentralized, stable and secure economic future. 

The project reframes Bitcoin as not just a store of value but the foundation of a decentralized financial system. Using BeL2—Bitcoin’s second-layer solution—the NBW project enables smart contracts for Bitcoin-backed stablecoin construction, empowering users to engage in decentralized finance while preserving Bitcoin’s core principles of decentralization and security. 

“Harvard Innovation Labs will help turn our vision into reality,” said Jacob, Lead Member of New Bretton Woods (NBW) at Harvard University. “Our goal is to create a ‘New Bretton Woods’ system anchored in Bitcoin, bringing stability through the utility of a stablecoin. This stablecoin allows users to bypass Bitcoin’s price volatility while retaining the potential for long-term gain, making the product practical for daily use.” 

The native Bitcoin stablecoin will be fully backed by Bitcoin, enabling users to experience the stability of fiat currency without liquidating their Bitcoin holdings. This offers a balance of algorithmic security using Bitcoin miners and the opportunity for long-term growth. 

The BeL2 infrastructure allows for decentralized finance applications, where Bitcoin remains securely on the main network. Bitcoin can be used as collateral for Layer 2 applications such as decentralized exchanges, loans, and stablecoin issuance. The NBW team ensures that all Bitcoin-related settlements occur on the Bitcoin main network for maximum security. Instead of transferring assets across chains, messages are sent to Ethereum-compatible networks to issue stablecoin, uniting technologies and supporting a robust decentralized economy. 

“Financial empowerment comes from both freedom and stability,” added Sasha Mitchell, Head of Operations at BeL2. “By offering a stablecoin backed by Bitcoin on the BeL2 platform, NBW is giving people a way to protect their wealth and access new financial opportunities, especially in times of economic volatility.” 

“This initiative comes at a crucial time as global debt reaches record levels. By combining Bitcoin’s decentralized structure with the stability of a pegged currency, the project offers a financial system that mitigates the risks of traditional economies, highlighting the real-world benefits of financial security and sovereignty. Our stablecoin isn’t just another digital currency; it’s a tool for global financial stability,” said Jacob, Lead Member of the NBW project. “We believe that offering a decentralized and stable currency helps individuals and communities navigate the growing challenges posed by the global debt crisis.” 

The NBW team invites those who share their vision for a decentralized and secure financial future to explore how they can contribute. Whether you’re a developer, an investor, or a policymaker interested in sustainable financial solutions, this project offers a unique chance to shape a future focused on security, accessibility, and freedom. 

About New Bretton Woods Project (NBW)

The project is led by Digital Economy Research Initiative, a team of Harvard students and alumni. NBW is set to be incubated at Harvard Innovation Labs in the coming weeks. Focused on bridging the gap between traditional finance and decentralized systems, the team is committed to advancing financial inclusivity and economic stability. 

About Harvard Innovation Labs

Harvard Innovation Labs is a collaborative ecosystem that supports entrepreneurship across Harvard University. It provides resources, mentorship, and funding to students, faculty, and alumni as they develop practical solutions in fields like technology and finance. 

About BeL2

BeL2 is Bitcoin’s second-layer solution that enables decentralized finance (DeFi) while keeping Bitcoin secure on its main chain. By providing users with the ability to lend, borrow, and trade without intermediaries, BeL2 ensures financial freedom while preserving Bitcoin’s core principles of decentralization. With BeL2, users retain full control over their Bitcoin while accessing new financial opportunities. 

Contact

Media Lead
Roger Darashah
Elastos
roger.darashah@elastoselavation.org

LAS VEGAS, United States, September 19th, 2024, Chainwire

Blockchain storage layer Xandeum has announced that it will reveal its blueprint for scaling Solana storage at Breakpoint 2024 on September 20, 2024. At the flagship Solana conference in Singapore, Xandeum will also share details of its new storage-enabled liquid staking program and officially announce the launch of the XAND token.

Designed to overcome the limitations of Solana’s current storage model, Xandeum’s technology will allow dapps to scale by accessing virtually unlimited storage. Solana can be looked at as a “world computer”, and Solana accounts are its “RAM”. At Breakpoint 2024, Xandeum will share its vision for adding the “hard drive” via their scalable storage layer, the missing piece to a full-fledged world computer. This innovation enables a Cambrian Explosion of storage-enabled dapps.

The smart contract native storage layer introduces “Xandeum buckets,” an exabytes+ scalable file system integrated directly into Solana RPC nodes. Storage will be offloaded to a decentralized network of hundreds of thousands of storage provider nodes (pNodes), supervised by Xandeum-enabled Solana validators. pNodes, validators, and liquid stakers will earn additional rewards in SOL, thanks to highly dynamic fee markets designed to optimize storage efficiency and profitability.

“A low-cost, decentralized storage solution will drastically expand the application landscape.” says Tommy Johnson, early Solana builder, co-founder, and lead engineer at Armada. “It can unlock a new revenue stream for SOL validators and stakers. The Xandeum solution will have an enormous impact on the growth of the Solana ecosystem.”

More details of Xandeum’s Solana scaling solution will be shared at Breakpoint 2024. In addition, Xandeum will use the event to announce its storage-enabled liquid staking platform. Scheduled to go live on October 29, the platform will capture future Xandeum storage fees for xandSOL stakers. Early adopters who stake with Xandeum will be eligible for boosted rewards of up to 10x with more details at https://xandeum.network

As an event sponsor, the Xandeum team will have its own booth at Solana Breakpoint 2024 in Singapore, with community members able to learn more about key initiatives including the liquid staking pool, XAND token, and forthcoming airdrops. The first airdrop snapshot will take place on October 8, with the XAND token launch scheduled for October 29.

Xandeum’s development of new storage primitives to enhance Solana’s programming model will solve the issues with the current storage system, known as “accounts,” which has proven insufficient to hold even a few gigabytes per dapp. These limitations threaten to stifle the growth of web3 applications on Solana.

Xandeum lead developer Xandeum Labs has raised $2.8M to build out its scaling solution and has seen significant interest from Solana’s builder community, with over 4B transactions completed on its community-run devnet. Xandeum will support a new wave of scalable web3 dapps while maintaining Solana’s security and decentralization. 

About Xandeum Labs

Xandeum Labs is a web3 startup dedicated to building the scalable storage layer for Solana. As a major contributor to the world’s first storage-enabled liquid staking platform, operated by the XAND DAO, Xandeum has already raised $2.8 million from its community and is on track to launch its pNode network in early 2025.

Users can learn more: https://xandeum.com

Contact

Bernie Blume
Xandeum Labs
hello@xandeum.com

Zug, Switzerland, September 19th, 2024, Chainwire

Agile Coretime Paves the Way for Polkadot 2.0 Improving the Network’s Scalability, Cost, Speed, and Flexibility

The Polkadot community celebrates the release of its latest major product, “Agile Coretime”, as part of the ongoing Polkadot 2.0 upgrade. This new feature represents a significant advancement in how computational resources are allocated and managed within the Polkadot ecosystem, delivering unprecedented efficiency, scalability, and accessibility for projects of all sizes.

Agile Coretime is not just a technical upgrade; it is the most important product launch this year for Polkadot as it evolves, through seamless on-chain governance, into a network ready to onboard the Web3 masses. It also serves as a primary catalyst for the rebirth of the entire ecosystem. By making it easier for projects to build and scale on Polkadot, this feature is designed to attract a new wave of innovative applications and use cases.

As the second crucial component on the path to Polkadot 2.0, which previously saw Asynchronous Backing go live and will later allow for Elastic Scaling, Agile Coretime redefines how blockchain resources are allocated by offering a dynamic, on-demand blockspace model. This new approach replaces the previous auction system, in which single cores were leased for two years at a time. The new approach makes it easier and more cost-effective for projects to access the resources they need, when they need them.

Eskimor, lead developer at Parity Technologies, Polkadot’s leading technical contributor, said: “Agile Coretime is a huge milestone in making the high quality blockspace Polkadot offers more accessible. With this and other features we have in the pipeline, I expect more experimentation and awesome projects to be launched on Polkadot, showcasing its amazing capabilities. Let’s wake our sleeping giant!”

One of the key advantages of Agile Coretime is its ability to align resource availability with actual network demand. By dynamically allocating computational resources, Polkadot ensures that no resources are wasted during low activity periods, while also preventing congestion during peak times. This adaptability is crucial for projects with varying needs, enabling them to scale and operate more efficiently without the burden of high upfront costs.

“Devs have historically faced a binary choice: deploy a smart contract and compete with other protocols for limited blockspace, or deploy a blockchain and pay for a large amount of dedicated blockspace,” says Derek Yoo, CEO of Moonsong Labs, “Agile Coretime addresses this challenge by offering a flexible approach. For projects starting out, you can harness the power and customizability of a blockchain while paying only for the blockspace you need. For mature projects with product-market fit, Agile Coretime allows scaling to meet high levels of demand without the need for sharding.”

For new developers and smaller projects, Agile Coretime lowers the barrier of entry by providing access to Polkadot’s robust infrastructure without the need for significant DOT collateral. This democratizes access, fostering greater innovation and participation within the ecosystem.

Projects can purchase coretime either on-demand or in bulk, providing flexibility or predictability depending on their specific needs. On-demand purchases are ideal for projects with fluctuating demands, while bulk purchases offer stable and reliable resource allocation for teams requiring a steady flow of blockspace.

For media inquiries, please contact Jonathan Duran at Jonathan(at)Distractive(dot)xyz

About Polkadot

Polkadot is the powerful, secure core of Web3, providing a shared foundation that unites some of the world’s most transformative apps and blockchains. Polkadot offers advanced modular architecture that allows devs to easily design and build their own specialized blockchain projects, pooled security that ensures the same high standard for secure block production across all connected chains and apps connected to it, and robust governance that ensures a transparent system where everyone has say in shaping the blockchain ecosystem for growth and sustainability. With Polkadot, you’re not just a participant, you’re a co-creator with the power to shape its future.

Contact

Marketing Communications Director
Jen Wheatley
Distractive
jen@distractive.xyz

San Francisco, United States, September 18th, 2024, Chainwire

Aleo’s L1 creates a new ecosystem for secure and programmable applications that allow users a new level of control over their data

Today, the Aleo Network Foundation officially announced the launch of the Aleo Network, a layer-1 blockchain that combines general-purpose programmability with the power of zero-knowledge proofs (ZKPs). The network enables the next generation of decentralized apps that provide data confidentiality to users and scale to enterprises. 

Mainnet marks a critical turning point for zero-knowledge technology. For the first time ever, developers can deploy and execute applications on a layer-1 blockchain that is zero-knowledge by default. ZKPs are used to prove knowledge about a specific set of data, without having to reveal the data itself. This gives developers a platform for building private-by-default, cost-effective decentralized applications and makes new use cases in identity, finance, and gaming feasible at scale.

Starting now, developers can build applications that allow users to safely provide the information necessary to access online services while keeping enterprises from bearing the risk of maintaining and securing that data. 

Developers benefit from a network that provides:

• High scalability through off-chain execution with ZK proofs, reducing computation and speeding up transactions.
• True decentralization thanks to a diverse, intentionally planned network of validators, ensuring stability, resilience, and inclusive governance.
• Unlimited runtime through off-chain execution, eliminating gas fees common to other blockchains.
• A full-stack development experience that makes it easy for developers to build ZK dApps by handling the complex cryptography. 

This launch marks a significant milestone following the successful validation of Testnet Beta, where the network was thoroughly tested across diverse environments. The Foundation enhanced the network’s security by addressing findings from audits by three independent firms and resolving issues identified through bug bounty programs.

“The launch of Aleo’s mainnet marks a milestone in our mission to empower users to secure their personal information. This is not just a technological advancement; it’s a fundamental shift in how users interact with their data online,” said Alex Pruden, Executive Director of the Aleo Network Foundation. “Now, users can securely share only the personal information relevant to a specific inquiry, such as their exact age or credit score, without needing to reveal the entire contents of personal documents like birth certificates, financial data, health records, and more. Products like our in-house identity solution ZPass demonstrate the potential of an internet where users, not platforms, control the data they see and share.”

“At Variant, our guiding thesis for infrastructure investing is expanding the design space of what’s possible for applications. The unlocks of decentralized, privacy-preserving computing can’t be understated — imagine truly secure and private applications that protect user data,” said Jesse Walden, Founder and Managing Partner at Variant. “Aleo is a pioneer in private compute, and we could not be more excited to continue supporting the network.”

There is already a robust ecosystem of partners building real-world use cases on the network. Venture capital firm Electric Capital ranked Aleo as one of the top five fastest-growing ecosystems by overall developers, with an overall growth of 167%, and to date, there are 330+ active projects covering applications like DeFi, tooling and infrastructure, identity, and gaming. 

“Enabling safe online spaces that uphold and protect children has been at the heart of our work at Bandio since the project’s inception. The support and collaboration we have had from Aleo throughout our entire life cycle has been invaluable,” said Lynzi Ziegenhagen, CEO of Bandio, a digital age assurance tool built on Aleo in partnership with Common Sense Media. “To see the mainnet launch as the culmination of this team’s hard work and dedication is truly exciting.”

The launch of the Aleo Network arrives at a time when the demand for secure digital solutions is at an all-time high. Without security, web3 risks remaining a digital casino, lacking the trust and utility needed for broader adoption. Aleo’s approach ensures that privacy is not an afterthought but a foundational element, essential for the evolution of meaningful and secure digital interactions. 

Aleo Selects Coinbase For Day One Support

Coinbase, one of the largest cryptocurrency companies in the world widely known for pioneering innovation in the digital asset space, is providing Aleo with day-one support across three key areas: custody, staking, and learning rewards.

• Coinbase Prime is a leading institutional prime broker platform for crypto assets, trusted by some of the largest institutional clients in the world. Institutional investors can securely custody the native Aleo token with Prime.
• Staking: Coinbase will serve as one of the initial validators for the Aleo network, bringing its best-in-class staking services to support the ecosystem. By leveraging Coinbase’s extensive experience in the proof-of-stake ecosystem and its track record of supporting staking innovation, this relationship will enhance Aleo network’s infrastructure and deliver reliable, secure staking services to its participants.
• Coinbase Learning Rewards offers developers and users the opportunity to get rewarded for learning about the unique benefits of the Aleo Network. Quests challenge users through onchain tasks to help them earn rewards and familiarize themselves with key partners like Demox Labs, Puzzle, Apybara, Arcane Finance, and Aleo Name Service.

This announcement underscores Aleo’s commitment to building a robust and secure network from the outset.

“Aleo’s decision to select Coinbase for day one support is another signal to the market that users want autonomy in their experiences, and for some, that means backing technologies that prioritize privacy,” said Lewis Han, Head of Developer Sales at Coinbase. “ We are excited to support Aleo’s mainnet launch by integrating our staking services in the genesis set of validators, helping to build a more secure and user-centric onchain ecosystem.”

The launch of Aleo’s mainnet breathes life into the need for a more secure internet, where user data privacy takes precedence. As the Aleo ecosystem continues to build, zero-knowledge will finally find its footing in the mainstream. To learn more about Aleo, please visit www.aleo.org.

About the Aleo Network Foundation

The Aleo Network Foundation is a Wyoming-based non-profit 501c4 organization created to guide and support the Aleo Network, focusing on open-source governance, developer engagement, and promoting zero-knowledge cryptography applications. 

About the Aleo Network

The Aleo Network is a decentralized and leading developer platform for building secure, scalable, and cost-effective decentralized applications. Using zero-knowledge cryptography, Aleo moves smart contract execution off-chain to enable new use cases for applications like identity, finance, and gaming, scaling to thousands of transactions per second. Built on a decentralized, permissionless blockchain, Aleo brings the flexibility of Ethereum with a more scalable architecture that’s designed from the ground up for privacy.

Contact

Senior PR Manager
Patrick Kennedy
Serotonin
patrick@serotonin.co