chainwire

Tortola, British Virgin Islands, August 26th, 2024, Chainwire

Warden, the sovereign AI execution network, announced the alpha release of its new artificial intelligence product – the Artificial Intelligence Blockchain Interface (AIBI). 

AIBI brings AI on-chain with an intuitive interface for developers to integrate AI into their applications. Inspired by proof-of-computation and computational pipelines, AIBI allows inference endpoints to create cryptographic proofs that verify that an AI model produced a specific prediction. These proofs are then verified on Wardens’ blockchain through a cutting-edge consensus mechanism, ensuring AI outputs are not just delivered, but can be trusted. 

“AIBI is here to bring truth to AI”, said David Pinger, founder and CEO of Warden Labs. “Broken AI infrastructure had disastrous consequences – factually incorrect, unsafe, opaque and at times outright dangerous recommendations. Trust in AI collapsed at a time when it’s becoming deeper and deeper embedded into our daily lives. AIBI provides the infrastructure to stop this.” “We no longer want to rely on AI “hallucinations”, and with ongoing advancements in AIBI we will put an end to them.”

Thanks to the work done by Wardens’ AI team, led by Dr. Michele Dallachiesa, AIBI is poised to become the standard for AI accuracy, explainability and privacy across both web3 and web2—and everything in-between. AIBI introduces a future where every AI decision is backed by cryptographic proof, ensuring that AI-generated predictions are not only accurate but also explainable and secure. 

AIBI enables a new class of AI applications. To kickstart this new era, Warden is organizing a series of hackathons throughout Q4 2024, designed to inspire and reward developers who create groundbreaking AI-driven experiences using AIBI. Whether it’s dynamic pricing algorithms, sophisticated matching engines, or personalized recommendation systems, the potential applications are limitless.

“Blockchain infrastructure is the best contender to make AI open”, said Antonio Pitasi, founder and CTO of Warden Labs. “We provide truly open AI infrastructure that allows any protocol, application or platform to use AI in a secure way”.”

About Warden Labs

 Since its inception in March 2024, Warden has experienced exponential growth, now processing over one million transactions per month. Warden’s sovereign AI execution engine connects to more than 100 blockchains, enabling any smart contract, protocol, or platform to leverage AI predictions. Warden is set to pioneer a new category of applications at the intersection of AI and web3, while also extending its services to web2 AI use cases.

For more information, users and builders can visit wardenprotocol.org, or can follow on X at @wardenprotocol.

Contact

PR
Andrei S.
Warden Labs Ltd
pr@wardenprotocol.org

Berlin, Germany, August 23rd, 2024, Chainwire

Pepe Unchained (PEPU), a new meme coin project, has raised over $10 million during its presale event.

The project, which is developing a Layer-2 solution on the Ethereum blockchain, has reported significant funding and community interest by promising faster transactions, reduced fees, and staking rewards.

Pepe Unchained Passes $10M Presale Milestone Ahead of Planned DEX Listing

The presale allows early investors to buy the native PEPU token before its public listing. At the time of issuing this PR, PEPU tokens are priced at $0.0092634 each. The presale is has several pricing tiers and tranches with inherent subsequent token price increases as the presale progresses through various stages.

Users can participate in the Pepe Unchained presale using ETH, USDT, BNB, or a credit/debit card, and the only prerequisite is a crypto wallet like MetaMask.

According to Pepe Unchained’s whitepaper, the developers have allocated 20% of the total 8 billion PEPU supply to the presale. There’s no firm date for when the presale will conclude, although the developers do intend to list PEPU on a DEX once it does.

The project team set aside an additional 10% of the PEPU supply for initial DEX liquidity.

Users can stay up to date on the latest Pepe Unchained announcements by joining the project’s Telegram channel.

Pepe Unchained Developing New Layer-2 Network with Staking Rewards

Pepe Unchained’s team is developing a new Layer-2 network, the “Pepe Chain,” targeted solely at meme coin creators and traders.

This network aims to outperform Ethereum with faster speeds, lower fees, and increased transaction capacity. It will also maintain compatibility with the Ethereum ecosystem itself.

The Pepe Chain integrates with PEPU’s staking protocol, which offers passive yields to users who lock up their tokens.

Staking rewards will be paid out over two years and become claimable once PEPU goes live on exchanges. This combination of Layer-2 technology and staking has drawn attention in the crypto community.

Recently, YouTube personality Zach Humphries released a video on PEPU, where he praised the project, noting the development team’s strategy of mixing meme coin elements with practical utility.

About Pepe Unchained

Pepe Unchained is a cryptocurrency project that combines meme coin elements with Layer-2 technology on the Ethereum blockchain. Through its Pepe Chain network, the project aims to offer faster transactions and lower fees, while also providing a staking program for PEPU holders.

Prospective users can visit the Pepe Unchained presale here.

Pepe unchained is the source of this content. This Press Release is for informational purposes only, as crypto and memecoins can be volatile assets. The information does not constitute investment advice or an offer to invest.

Contact

Pepe Unchained
contact@pepeunchained.com

New York City, New York, August 23rd, 2024, Chainwire

PlayFi, an AI-powered data network and blockchain tailored for the live content industry, announces its Genesis Node Sale sold out in under 24 hours. The sale, which took place on August 14, 2024, was a necessity to power its network strength and growth, after seeing over 70K transactions in just one week. The exclusive, small-batch offering consisted of 1,000 nodes priced at $400. The quick sell out signals promise of an eager community and anticipation for PlayFi’s network, which will make its debut on Mainnet in coming months. 

While PlayFi’s main node sale will take place later in 2024, the need for the Genesis Node Sale was apparent after the network’s surge in activity. These nodes power PlayFi’s network and are necessary to expand the network’s capacity. Genesis nodes serve as a critical piece to the network infrastructure for AI processing, data management and storage, and to ensure consistency across the entire protocol. 

“Selling out our first node sale in under 24 hours was an amazing signal from the community that they believe in our vision and understand the importance of nodes to grow the network,” said Ben Beath, founder of PlayFi. “While this node sale helps kickstart our network, participants are also having a direct impact on the future of live content. We’re thrilled to see that we have supporters who understand and believe in the same mission that PlayFi does to create a more powerful live content ecosystem.” 

The success of the Genesis Node Sale not only validates the need for a robust and scalable network but also highlights the community’s strong engagement with PlayFi’s vision. As more nodes come online, the network’s ability to handle high transaction volumes and support complex live content applications will only grow stronger.

PlayFi is the first AI and data platform to enable web3 features to be built on top of live content. The protocol bridges the gap between content and actionable data, with infrastructure that allows studios and creators to seamlessly integrate blockchain primitives on top of games, streams, sports and entertainment content. PlayFi’s proprietary AI models extract data from content in realtime, validating it for authenticity and storing it on a high-availability data-edge network.

Find out more about PlayFi’s nodes at https://www.playfi.ai/nodes and stay up to date with the latest news by following PlayFi on X. 

About PlayFi

PlayFi is transforming the live content landscape by seamlessly integrating advanced blockchain technology and AI. Utilizing our secure, scalable zkEVM blockchain, PlayChain, and AI-driven decentralized network, PlayBase, we offer fast transactions, innovative content development, and enhanced live content experiences. PlayFi empowers content creators, developers, node runners, and studios to unlock new revenue streams and build category-defining experiences without compromising core engagement. Adopters include leading content creators and developers aiming to create a richer, web3-enhanced live content environment. Backed by top-tier investors and partners, PlayFi is building a more connected, secure, and vibrant content economy. Learn more: playfi.ai.

Contact

Sr. PR Manager
Leslie Termuhlen
Serotonin
leslie@serotonin.co

Cayman Islands, UK, August 22nd, 2024, Chainwire

Tanssi Foundation announces the expansion of the Tanssi blockchain infrastructure protocol to Ethereum, enabling the rapid launch of decentralized networks—also known as Actively Validated Services (AVSs)—in minutes. This expansion, driven by a strategic collaboration with Symbiotic, a leading permissionless restaking protocol, will allow developers to deploy highly customizable and decentralized networks, leveraging Ethereum’s robust security.

While rollups have been key to scaling Ethereum, they may fall short when strong decentralization, customization, or interoperability are needed. Decentralized networks, or AVSs, build on these strengths by providing a more flexible and versatile approach. Developers gain direct access to Ethereum’s shared security through restaking, backed by over $45 billion worth of ETH. However, networks using restaking security are still a new and complex technology, typically requiring months to launch due to significant infrastructure needs, ongoing management, and resource demands.

Tanssi drastically simplifies this process, reducing launch times from months to minutes and streamlining management, making it easier for builders to deploy and maintain their decentralized networks in a customizable environment. This approach not only eases the development process but also accelerates time to market, allowing projects to reach their users faster.

By leveraging Symbiotic’s restaking protocol, Tanssi enables networks on Ethereum to easily tap into billions of dollars in shared security from staked ETH. This approach enhances decentralization by providing a permissionless network of shared operators for block production, ensuring fast transaction finality and avoiding reliance on a single sequencer.

“Tanssi is providing developers in the Symbiotic ecosystem with an easy-to-use interface to one of the most sophisticated and battle-tested blockchain development stacks. By integrating with Symbiotic’s shared security protocol, projects using Tanssi can tap into Ethereum’s liquidity and launch an appchain with restaking functionality in minutes,” says Felix Lutsch, Head of Ecosystem at Symbiotic.

This collaboration also introduces new possibilities for developers by integrating Substrate’s flexible SDK for complete customization. With Tanssi’s framework, developers can quickly implement AVSs using prebuilt templates and modules, achieving full decentralization without relying on a single sequencer.

Tanssi-based AVSs are blockchain systems that leverage Ethereum’s shared security, enabling developers to create highly customized protocols. This includes application-specific blockchains, alternative VMs, bridges, data availability layers, and more, providing developers with the tools to address use cases that traditional rollup architectures may not effectively serve.

Francisco Agosti, Tanssi Co-founder, says, “Decentralized networks, also known as Actively Validated Services (AVSs), offer new possibilities for applications that don’t fit within the rollup model. Tanssi changes the game by providing a fully customizable, decentralized environment where developers can launch Ethereum-based networks in minutes. We expect Tanssi to catalyze growth in Ethereum’s restaking security market, making decentralization and accessibility easier than ever.”

Supported by investors like Arrington Capital, SNZ, HashKey, Borderless, and Fenbushi, Tanssi has raised $9M to fuel its growth. With over 2,000 application-specific blockchains already deployed on its testnet, Tanssi is set to establish a new standard in the Ethereum ecosystem, with its mainnet launch expected in early 2025.

About Tanssi Network

Tanssi empowers developers to launch decentralized and customizable blockchains in minutes. With essential tools and resources—including shared security through restaking, developer tools like wallets and block explorers, cross-chain integrations, and integral data availability—developers can swiftly bring their projects to market and focus on creating unique user experiences. Tanssi stands out with its rapid deployment, robust security, and seamless integration capabilities, making it the smart choice for forward-thinking blockchain development. Learn more at tanssi.network.

About Symbiotic

Decentralization should not be hard nor optional. Symbiotic is a customizable and immutable shared security protocol designed to help developers innovate faster and safer. Learn more at symbiotic.fi.

Contact

CEO
Thiago Rudiger
Tanssi Foundation
thiago@tanssi.foundation

Singapore, Singapore, August 22nd, 2024, Chainwire

Bitunix, the fastest-growing cryptocurrency derivatives exchange, is committed to providing its users with the highest level of security. As part of its dedication to safeguarding user assets, Bitunix has forged strategic partnerships with industry leaders and implemented comprehensive security measures.

Security through Strategic Partnerships

Understanding that the security of digital assets is important, Bitunix partnered with Cobo, a top-tier digital asset custody provider, in June 2023. This partnership integrates Cobo’s Wallet-as-a-Service (WaaS) into the Bitunix platform, offering users institutional-grade security. Cobo’s custody services are renowned for their efficiency, supporting a vast range of blockchains and tokens, and ensuring that user assets are protected. A key component of this security is Cobo’s use of Multi-Party Computation (MPC) technology. MPC ensures that private keys are never fully reconstructed at any single point, significantly reducing the risk of unauthorized access or hacking. This collaboration showcases Bitunix’s commitment to providing a secure environment where users can trade and manage their assets with confidence.

Bitunix has also teamed up with Nemean Services to boost the protection of user assets. UK-based digital asset security platform Nemean Services operates a backup system of data storage, leveraging the security benefits of the MPC model, in conjunction with its clients and custodians. Nemean is an ISO 27001-certified and SOC 2-compliant platform, specializing in the cold storage, safeguarding, and auditing of private key shares. 

The partnership between Bitunix and Nemean Services provides an additional $5 million in insurance coverage, offering peace of mind to the users by ensuring that their assets are protected against unforeseen risks.

Bitunix co-founder Arron Lee shares his vision: “Security is not just a checkbox for us, it’s at the heart of everything we do. We know how important it is for the users to feel safe, and that’s why we are going above and beyond.”

Ongoing Commitment to Security

At Bitunix, security is not just a feature—it is the foundation of the platform. The exchange is constantly investing in and upgrading the security protocols to stay ahead of potential threats. The partnerships with Cobo and Nemean Services are just part of a broader strategy to ensure that Bitunix remains a leader in user security. In addition to existing collaborations, Bitunix is in the process of integrating Fireblocks, a leading provider of secure infrastructure for moving, storing, and issuing digital assets. It uses advanced Multi-Party Computation (MPC) technology to safeguard private keys. The platform is widely used by institutional investors, exchanges, and financial institutions to ensure the highest level of security for digital assets.

Bitunix recognizes that the crypto space is growing daily in user count, and so too are the threats that come with it. This is why Bitunix remains proactive in exploring new technologies and forming alliances with top security providers. Bitunix’s goal is simple: to continue providing a secure, reliable, and user-friendly platform where the users can trade with absolute confidence.

Bitunix’s Growth

Bitunix’s commitment to user security is at the core of everything the crypto exchange does. Through strategic partnerships and dedication to implementing the best security practices, Bitunix ensures that the users’ assets are protected at all times. As Bitunix continues to grow, it will remain vigilant in the pursuit of security excellence, always prioritizing the safety of its users.

About Bitunix

Bitunix is a global crypto derivatives exchange founded in 2021, registered in Seychelles, offering highly secure, and cost-effective trading services to its users. The platform specializes in both crypto spot and perpetual futures trading, boasting more than 250 crypto trading pairs with up to 125x leverage. Bitunix has attracted over 1,000,000 users from 100+ countries.

Website | Twitter | To Register

Contact

COO
KX Wu
Bitunix
kx.wu@bitunix.io

London, United Kingdom, August 21st, 2024, Chainwire

Expansion Enables Greater Access to Liquidity and New Institutional Use Cases

Aave, the leading DeFi protocol governed by the Aave DAO, today announced the launch of Aave V3 on Era Mainnet powered by ZKsync. With efficient and secure transactions provided by ZKsync technology, the launch of Aave V3 on Era is poised to bring liquidity and yield generation capabilities to the Elastic Chain ecosystem. Users of Aave will gain access to advanced zero-knowledge (ZK) technology that provides low-cost transactions while deriving security from Ethereum using cryptographic validity proofs. As part of the integration, Chainlink will provide secure and reliable price feeds.

“This integration marks a pivotal moment for both the Aave and ZKsync communities, providing opportunities for increased access, collaboration, and innovation,” said Aave Labs Founder and CEO Stani Kulechov. “By combining ZK-proofs and the unified Elastic Chain ecosystem, Aave can unlock unprecedented scalability, privacy, and security, expanding the DeFi user base and new institutional use cases.”

Alex Gluchowski, Co-Inventor of ZKsync, commented, “Aave has established itself as one of the leading DeFi protocols and has played a core role in the growth and adoption of crypto since its launch. As ZKsync’s Elastic Chain keeps building momentum, it is important that it become a place where both retail and institutional users can leverage a secure access point for the digital asset ecosystem across all ZK Chains ZKsync is the most advanced and future-proof scaling solution powered by ZK-proof technology, and with the deployment of Aave on Era, a greater audience will be able to leverage ZKsync to its fullest potential.”

“I’ve been working with the Aave team since 2019, and ZKSync since early 2022,” said Johann Eid, Chief Business Officer at Chainlink Labs. “In a short amount of time, both projects have had a profound impact on DeFi and the blockchain industry as a whole, helping to drive interest, secure transactions, and bring a large amount of value and innovation into this space. Aave V3’s deployment on Era Mainnet brings together a foundational DeFi protocol and a pioneer that is pushing the zero knowledge space forward, which is a major step forward for our industry, and Chainlink Price Feeds are playing a key role in ensuring that the market data powering the protocol is ultra-reliable and accessible. This launch is an important milestone in terms of DeFi scalability, and its potential to increase institutional usage is an exciting development for onchain finance at large.”

A Layer 2 scaling solution that leverages ZK technology, ZKsync offers low-cost, faster transactions in a secure and decentralized environment. The addition of Aave is set to attract a wider user base, improve the user experience, and establish Aave as a leading DeFi protocol within the rapidly growing Elastic Chain ecosystem.

DeFi Gateway for Institutional Finance

The Aave deployment will also set the stage for privacy-focused DeFi applications. These applications will leverage Aave’s competitive liquidity, flexibility and conservative risk management to meet the increasing demand for enhanced privacy in DeFi. Additionally, this deployment is expected to unlock new institutional use cases, ranging from private networks to networks tailored for specific asset classes, risk profiles, and user segments. This integration also unlocks new opportunities for the Aave-native overcollateralized stablecoin GHO and future products, such as fast, cost-efficient payments.

After positive technical evaluation done by BGD Labs and positive risk analysis by Chaos Labs and asset/parameters recommendations by the risk service providers, BGD had deployed the integration and the Aave DAO has approved USDC, USDT, WETH and wstETH as the initial assets available on Era. The initial risk parameters for each asset can be found here.

The Aave DAO is committed to redistributing any airdrops received from the ZKsync ecosystem via liquidity mining towards Aave users. The distribution will include GHO secondary liquidity incentives, safety module deployments, and merit programs. Aave Chan Initiative (ACI), one of Aave DAO’s service providers, will coordinate any liquidity mining campaign on the ZKsync Aave V3 deployment, on behalf of the Aave DAO.

The deployment governance proposals can be found here and here.

Contact

M Group Strategic Communications
ppadovano@mgroupsc.com

London, United Kingdom, August 21st, 2024, Chainwire

• Event to coincide with Warsaw Blockchain Week, Poland’s largest blockchain gathering for the second year running
• Amidst bull market hype, the conference highlights the importance of responsible innovation and building
• 48-hour hackathon offers $50,000 in prizes for pioneering blockchain solutions

ETHWarsaw, web3 conference and hackathon organized by Ethereum enthusiasts, is set to return for its highly anticipated third edition. Scheduled to take place from September 5th to 8th, 2024, in Warsaw, Poland, the event will once again bring together a global community of builders, founders, and educators in the web3 space.

Building on the success of previous years, ETHWarsaw 2023 attracted over 1,000 participants and hosted more than 200 hackers competing for nearly $70,000 in prizes. The event also introduced Warsaw Blockchain Week, Poland’s largest blockchain gathering, and EthWarsawVC, a one-day program connecting venture funds with promising blockchain projects. Due to strong community support, both events will return for the 2024 edition.

“After two successful editions, we’ve found a formula that works and grows organically each year. That’s why we’re maintaining the same format and keeping the audience size intimate, especially since recent feedback suggests that as events grow in size, the quality can suffer,” said Paulina Joskow, co-founder of ETHWarsaw.

She continued, “That said, the third edition will bring some changes. With the potential onset of a bull market, we anticipate rapid growth, attracting investors, customers, and significant capital. However, this also brings the risk of subpar products and scams. It’s crucial to differentiate between the good and the harmful, understand the risks, and always build responsibly. This is the core message we want to emphasize at this year’s conference.”

Monika Zajac, co-founder of ETHWarsaw, added, “We also want to challenge the stereotype that only developers and ‘crypto-bros’ are interested in blockchain. Our goal is to showcase the diverse faces and backgrounds within the community and ultimately lower the barriers to entry. This includes highlighting efforts to simplify onboarding, clearly communicate product values, provide supportive infrastructure, and offer quality education to accelerate progress.”

ETHWarsaw is designed to cater to both seasoned professionals and newcomers to the web3 space, offering valuable insights for developers, non-technical talent, and students alike. The conference will feature two days of content, including talks, panels, and workshops, organized into four key tracks:

• Infrastructure and Scalability — Exploring ways to build and expand blockchain networks to handle more users and transactions efficiently. This includes innovations in blockchain layers, advanced data storage solutions, and integrating AI with blockchain technology.
• Security and Resilience — Focusing on how to keep blockchain systems safe and private. Topics will include the latest in cybersecurity practices, how different blockchain systems maintain trust, and the role of ethical hackers in identifying vulnerabilities.
• Decentralized Finance (DeFi) Innovations — Delving into decentralized finance (DeFi) and related topics like digital wallets, decentralized exchanges (DEX), and new ways to invest using blockchain. It also covers the legal and regulatory aspects of this evolving financial landscape.
• Mass Adoption — Discussing how to make blockchain and web3 technologies more user-friendly and accessible to everyone. This track will cover user experience, building communities, marketing in the web3 space, and opportunities in the web3 job market.

This year’s lineup of speakers includes notable figures such as Marek Olszewski from Celo, Anastasia Melachrinos from Kaiko, Kevin Jones from BuidlGuidl, and Omar Espejel from Starknet.

Following the conference, the overnight hackathon will kick off on Friday evening, offering a 48-hour marathon of non-stop building. Teams and individuals will have the opportunity to gain hands-on experience with cutting-edge applications and advanced tools, with prizes totaling approximately $50,000.

Returning sponsors for ETHWarsaw 2024 include AlephZero, Golem, Arweave, Optimism, RedStone, Starknet, Celo, Request Network and Scroll among others.

ETHWarsaw 2024 will be hosted at a new venue, Browary Warszawskie, located in the vibrant Wola district of Warsaw. Known for its mix of contemporary residential and office spaces, this area is also home to a thriving scene of cafes and restaurants. 

For more details about the event and to purchase tickets for the conference and hackathon, users can visit https://www.ethwarsaw.dev.

About ETHWarsaw

ETHWarsaw is a community-led, grassroots conference and hackathon organized by active members of the web3 community working in blockchain-focused companies around the world. ETHWarsaw is the biggest web3 conference and hackathon in the CEE region and it aims to bring together developers, researchers and enthusiasts of the Ethereum ecosystem to exchange ideas, drive adoption and drive decentralized and privacy-led future.

Users can stay connected with ETHWarsaw:

• X: @ETHWarsaw
• Linkedin: https://www.linkedin.com/company/ethwarsaw
• Telegram: ETHWarsaw Community Chat https://t.me/joinethwarsaw 

Contact

Head of Comms
Martyna Borys-Liszka
ETHWarsaw
martynambl@ethwarsaw.dev

Singapore, Singapore, August 21st, 2024, Chainwire

At the Web3 Summit in Berlin today, SubQuery made a major announcement, unveiling its newest innovation: decentralized AI inference hosting. In a live demonstration, SubQuery’s COO, James Bayly, showcased how the latest LLama model operates across a fully decentralized network of Node Operators on SubQuery’s internal test network.

SubQuery’s vision is to empower developers to shape the future through decentralization. The company is at the forefront of a movement to build the next wave of Web3 applications for millions of users, with decentralization as the core principle.

The SubQuery Network is an advanced infrastructure layer that underpins this vision. It currently supports decentralized data indexers and RPCs, which are critical components for any developer building decentralized applications (dApps). SubQuery has proven itself as a credible alternative to centralized services, offering an open network where anyone can participate as a node operator or delegator.

The role of AI in transforming industries, including Web3, has become increasingly clear. SubQuery has been closely monitoring these developments and has been working behind the scenes to bring AI capabilities to its decentralized platform. “The Web3 Summit in Berlin, with its focus on decentralization, is the perfect stage for us to launch this new capability and demonstrate it live” said James Bayly.

SubQuery is focused on AI inference, the process of using pre-trained models to make predictions on new data, rather than on model training. “While there are commercial services that offer inference hosting for custom models, few exist within the Web3 space,” James explained. “Our decentralized network is ideally suited for reliable, long-term AI model hosting.”

Currently, the market for AI inference is dominated by large centralized cloud providers who charge high fees and often use user data to improve their proprietary models. “Providers like OpenAI and Google Cloud AI are not only expensive but also leverage your data to enhance their closed-source offerings,” James noted. SubQuery is committed to providing an affordable, open-source alternative for hosting production AI models. “Our goal is to make it possible for users to deploy a production-ready LLM model through our network in just 10 minutes,” he added.

“Relying on closed-source AI models risks consolidating power in the hands of a few large corporations, creating a cycle that perpetuates their dominance,” James warned. “By running AI inference on a decentralized network, we ensure that no single entity can control or exploit user data. Prompts are distributed across hundreds of node operators, ensuring privacy and supporting an open-source ecosystem.”

The SubQuery Network will provide leading-edge hosting for the latest open-source AI models, enabling scalable and accessible AI services for Web3. By embracing a community-driven approach, SubQuery will support decentralized AI inference at scale, empowering a diverse network of independent Node Operators.

About SubQuery

SubQuery Network is innovating web3 infrastructure with tools that empower builders to decentralise the future – without compromise. Our flexible DePIN infrastructure network powers the fastest data indexers, the most scalable RPCs, innovative Data Nodes, and leading open-source AI models. We are the roots of the web3 landscape, helping blockchain developers and their cutting-edge applications to flourish. We’re not just a company – we’re a movement driving an inclusive and decentralised web3 era. Let’s shape the future of web3, together. 

​​​​Linktree | Website | Discord | Telegram | Twitter | Blog | Medium | LinkedIn | YouTube

Contact

Head of Marketing
Brittany Seales
SubQuery PTE LTD
brittany.seales@subquery.network

New York, United States, August 21st, 2024, Chainwire

Conflux Network, China’s only regulatory-compliant public blockchain, is teaming up with China Mobile, the nation’s largest telecom provider boasting over 1 billion monthly users. This strategic alliance aims to revolutionize digital collections via Migu, China Mobile’s digital content division. Conflux Network and China Mobile will introduce cutting-edge digital collectibles like video RBTs (Ringback Tones), digital identities (DIDs), and blockchain communication hardware, all driven by the Conflux TreeGraph public blockchain.

The first release from this partnership is set to make history as the world’s first public blockchain-based digital collectible video ringtone. Titled the “MIGO and His Friend ConFi” series, it will launch on August 23, 2024, at 10:00 AM Beijing Time and will be available for purchase through the “Digital Collectibles” section of the Migu Music App.

This collection features characters from Conflux’s mascot, “ConFi,” alongside “MIGO,” China Mobile Migu’s pioneering NFT product. The series integrates real-life landmarks from Hong Kong to tell a story of friendship through captivating visual storytelling. The “MIGO and His Friend ConFi” video ringtones will be sold as mystery boxes, with 5,000 units available at 13.9 RMB (~2 USD) each. Of these, 500 units are rare editions, representing just 1% of the total. These video ringtone mystery boxes offer a cutting-edge 5G experience, combining personalization, social interaction, and interactivity. Users can view the corresponding video ringtone directly on their phone screens during calls without needing to install additional software.

Since 2021, Migu has been one of China Mobile’s fastest growing verticals as a leader in immersive media technologies. Migu has driven digital content innovation with a strategic focus on ultra-high-definition video, video ringtones, cloud gaming, cloud VR, and cloud AR, all as part of their Metaverse evolution strategy. The partnership with Conflux marks Migu’s first venture into Metaverse and digital collectible applications on a public blockchain network, bringing this technology to Migu’s 120 million monthly active customers.

About Conflux

Conflux Network is a permissionless Layer 1 blockchain that connects decentralized economies across borders and protocols. It utilizes a hybrid PoW/PoS consensus mechanism to ensure a rapid, secure, and scalable blockchain environment. With Conflux, congestion is eliminated, fees remain low, and network security is enhanced.

As the leading regulatory-compliant public blockchain in China, Conflux offers a distinct advantage for projects seeking to enter the Asian market. The platform collaborates with renowned global brands and government entities in the region, driving blockchain and metaverse initiatives. Notable partnerships include the city of Shanghai, China Telecom, Little Red Book (China’s “Instagram”), McDonald’s China, and Oreo. Users can learn more: https://confluxnetwork.org/

About China Mobile Migu 

China Mobile Migu is a specialized subsidiary of China Mobile focused on the mobile internet sector. The company is dedicated to the core principle of “digital content platform,” integrating the characteristics of both telecom operators and internet companies. Supported by advanced technologies, Migu continues to build its core capabilities in content technology, platform technology, and cloud network technology. Migu is actively exploring innovative “Internet + digital content” operations, combining content incubation with channel partnerships, and is working to develop platforms for new media integration, digital content aggregation, copyright transactions, and content entrepreneurship. Migu is committed to transforming the way users experience entertainment and culture. Migu boasts 400 million video ringtone users, 25 million digital smart users, over 60 million e-books, and 130+ published books. Migu also offers 2,300 cloud games with 120 million active users, making it a top culture-tech brand and new media platform.

Contact

Melissa Tirey
melissa@shift6studios.com

Singapore, Singapore, August 21st, 2024, Chainwire

The landmark milestone marks the start of a new era for Bitcoin’s utility

Following the launch of FBTC, an omnichain Bitcoin asset maintaining a 1:1 peg to BTC, Ignition today announced that FBTC has crossed $100M in Total Value Locked (TVL) according to Dune. Also announced is the “Sparkle” campaign, where early FBTC holders will receive points-inspired “Sparks” for future rewards. FBTC is supported by core contributors Mantle, a burgeoning DAO-led blockchain ecosystem built around Ethereum layer 2 (L2) Mantle Network and Ether liquid staking protocol mETH Protocol, and Antalpha Prime, a reliable digital asset technology platform for institutions. 

As tokenized bitcoin assets pave the way for Bitcoin’s resurgence in DeFi, FBTC’s significant milestone ushers in a new era of Bitcoin’s evolving utility and velocity — transforming the original cryptocurrency from a simple store of value into a dynamic asset that offers the potential for various yield-generating possibilities. 

Incubated by Ignition, FBTC is an omnichain BTC asset that is liquid and easily composable in various yield enhancement strategies. FBTC aims to liberate the growth potential of Bitcoin by becoming the standard for Bitcoin transactions, essentially rendering all other blockchains into a Bitcoin L2. FBTC is currently deployed on Ethereum, Mantle Network and BNB Smart Chain, with more supported blockchains to come. 

“The remarkable achievement of $100M in TVL for FBTC in such a short time is not just a significant milestone for this nascent BTC asset, but a testament to the evolving landscape of Bitcoin utility. FBTC’s rapid adoption, supported by Ignition’s diverse ecosystem of partners, signals a new chapter in decentralized finance (DeFi) where Bitcoin’s potential is being fully realized across multiple blockchains. As Ignition continues to innovate and expand FBTC’s capabilities, we’re not just creating opportunities for yield — we’re reimagining how Bitcoin interacts with the broader DeFi ecosystem,” said Igneus Terrenus, Paramount Pyromancer at Ignition. 

FBTC’s rapid adoption is supported by dozens launch partners, including heavyweights such as Avalon Labs, Bybit Web3, Cobo, Ethena Labs, OKX Wallet, Pendle and Solv Protocol, reflecting FBTC’s credibility and the industry’s evolving interest in innovative Bitcoin solutions. 

With FBTC, Ignition aims to create a seamless, multi-chain environment for users to efficiently explore DeFi yields. The ability to swap and bridge FBTC between Ethereum, Mantle Network and BNB Chain further enhances its utility, making it accessible for a majority of blockchain users. Today, holders of FBTC are able to leverage their idle Bitcoin holdings across several yield-generating opportunities on Ethereum, Mantle Network and BNB Chain, enabling a wider range of use cases on various L1s and L2s that will be unveiled soon. 

Ignition also unveiled its plans for an upcoming “Sparkle” campaign. Participants will receive points-inspired “Sparks” for their engagement with and contributions to the FBTC ecosystem. Running from Aug. 21 to Sept. 21, eligible protocols for the Sparkle campaign include PumpBTC, Bedrock, Mezo Network, Avalon Labs, Fuel Network, Pell Network and Solv Protocol. Throughout the Sparkle campaign, Ignition will continue to integrate new protocols, launch side campaigns, and offer external incentives to enhance the user experience and reward system. Find out more at https://fbtc.com/ongoing-campaign. 

Looking ahead, Ignition is collaborating with Babylon, the self-custodial Bitcoin Staking Protocol that aims to build a Bitcoin-secured decentralized world, to launch a BTC vault that gives users exposure to Babylon native staking. This undertaking, along with other exciting events and collaborations, underscores Ignition’s unwavering commitment to building a vibrant, community-driven ecosystem around FBTC. The rapid adoption and strong security of FBTC signals a promising future for Bitcoin’s evolving role in the DeFi landscape, propelling it to fully unlock its immense potential within the broader decentralized finance ecosystem. 

About Ignition FBTC

Incubated by Ignition, FBTC is a secure, decentralized, and composable BTC asset aimed at liberating Bitcoin’s true power of growth. FBTC provides a liquid Bitcoin asset that adheres to a 1:1 peg with BTC to redefine its role across all blockchain platforms. By fostering DeFi composability, cross-chain interoperability, and promoting widespread adoption of BTC applications, FBTC represents the beacon of a high-speed, low-friction and interoperable future for all blockchains and every tokenized economy to flourish. FBTC is powered by core contributors Antalpha Prime and Mantle. 

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