chainwire

Sui Becomes Official Blockchain Partner for ONE Championship

Singapore, Singapore, September 17th, 2024, Chainwire

The world’s largest martial arts organization will leverage Sui’s technology for its products and highly anticipated mobile game ONE Fight Arena built in partnership with Animoca Brands

Sui, a cutting-edge Layer 1 blockchain, today announced it will be the official blockchain partner of ONE Championship (“ONE”), the world’s largest martial arts organization. ONE events represent the full spectrum of martial arts, with world-class athletes from more than 80 countries competing across MMA, Muay Thai, kickboxing, submission grappling, and other disciplines. The partnership was announced during a panel at Sui’s Singapore Builder House during Token2049, the world’s largest crypto event.

Through this partnership, Sui will be integrated into various ONE products, including ONE Fight Arena, the promotion’s highly anticipated official Web3-enabled free-to-play mobile game, built in partnership with Animoca Brands and its subsidiary Notre Game. ONE Fight Arena features ONE’s robust roster of world champion martial artists and vast IP library.

The mobile game will leverage Sui’s world-class technology to provide a novel gaming experience with true digital ownership at its core, while allowing ONE to directly engage with its global fan base in a deeper manner. 

Sui’s integrations will include a comic/manga series about ONE athletes accessible through zkLogin and powered by the Walrus protocol on Sui, a free-to-play pick’em game where fans can win a variety of rewards and phygital collectibles that blend physical and digital aspects.

“ONE Championship is the fastest-growing major global sports property and has established a reputation for being extremely forward-thinking and technologically innovative,” said Jameel Khalfan, Head of Ecosystem Development at Sui Foundation. “Being chosen as their official blockchain partner and being integrated into their tech stack is a validation of Sui’s growth and adoption trajectory and another opportunity to serve the sports community with Sui’s technology.”

As ONE’s official blockchain partner, Sui is expected to gain significant visibility and brand exposure during marquee scheduled events, which will be accessible in-person for thousands of people and broadcasted to millions globally into over 190 countries through a network of partners, including Prime Video, Sky Sports, Globo, Channel 7 HD, U-Next, Seven Network, and Disney+ Hotstar.

“In today’s competitive landscape, capturing attention demands high-quality, interconnected, and engaging experiences. By offering world-class events, innovative gaming, second-screen features, and leveraging Web3 technology, we aim to connect with fans on a deeper level,”, said Hua Fung Teh, Co-Founder and Group President of ONE Championship. “Sui perfectly aligns with these objectives, and we are thrilled to partner with them as our official blockchain partner to bring this vision to life.”

Contact

Sui Foundation
media@sui.io

Last Two Weeks of the “Rootstock World Tour” Campaign

Montevideo, Uruguay, September 16th, 2024, Chainwire

The Rootstock community is set to conclude the “Rootstock World Tour,” one of its largest ecosystem campaigns, on September 30, 2024. This campaign, hosted on the Galxe platform, is bringing together partners from across the Rootstock ecosystem, offering users interactive opportunities to engage with 12 different decentralized applications (dApps) on the Rootstock blockchain.

Throughout the tour, participants will gain hands-on experience, enhance their knowledge of decentralized finance (DeFi) and blockchain technologies, and earn rewards for their engagement. The campaign is providing a unique opportunity to explore and interact with various Rootstock integrations.

Users can check out the campaign on Galxe here.

About Rootstock

Rootstock is the first, biggest, and longest-lasting Bitcoin sidechain. It is the only Bitcoin layer 2 that combines the security of Bitcoin’s proof-of-work, with Ethereum’s smart contract capabilities.

Rootstock is open-source, EVM-compatible, and secured by over 60% of Bitcoin’s hashing power, which makes it a gateway to a vibrant ecosystem of dApps that continues to evolve to become fully trustless. 

Rootstock World Tour Overview

The Rootstock World Tour campaign began on August 5, 2024, and is spinning a total of 12 quests across different destinations within the Rootstock ecosystem. Users who complete these quests have the chance to earn unique rewards, including Rootstock NFTs and Air Miles points. Additionally, participants are eligible for a raffle on September 30, 2024, where three winners will be selected to receive $3,000 in RBTC, Rootstock’s native token pegged 1:1 to Bitcoin (BTC).

Campaign Details and Rewards

Participants of the Rootstock World Tour are invited to engage in various activities through the 12 featured dApps: Jumper, Rubic Exchange, SushiSwap, Oku, Symbiosis, Woodswap, Money on Chain, Sovryn, Tropykus, RNS, Elk Finance, and CoNFT.

By completing quests such as obtaining RBTC, swapping tokens within the ecosystem, minting Rootstock NFTs, staking, and interacting with RNS domains, users can earn rewards from each individual dApp. Completing all quests also unlocks additional rewards and boosts participants’ chances in the final raffle.

Timeline and Raffle

The Rootstock World Tour ends on September 30, 2024, at which point the raffle will be held to award three winners with $3,000 in RBTC.

Quests 

To complete the tour, users can visit 12 destinations to do 5 types of quests: 1) Getting RBTC, 2) swapping RBTC to a token in the ecosystem (RIF, USDRIF, DLLR, MoC, rUSDT, or WRBTC), 3) minting a Rootstock NFT, 4) putting the tokens to work by staking, depositing, or adding liquidity, and 5) Minting an RNS (RIF Name Service) domain.

Interacting with any of these dApps is considered a quest by itself whether users take a further step or not. Each Rootstock community partner will publish the terms and conditions applicable to such particular quest.

Resources and Support

To navigate the Rootstock ecosystem, it’s useful for users to read through the following:

More detailed information about the quests is available on Rootstock.

Legal disclaimer

This article is for general information purposes only. It does not constitute legal, financial, or other professional advice, and should not be relied upon as such. RootstockLabs accepts no responsibility for any loss or damage that may arise from reliance on information contained in this publication. Readers should do their own research or seek independent professional advice before making any decision based on the information contained in this publication.

Contact

Rootstock Community
jouman.hajjar@rootstocklabs.com

565 Million $UNITE Tokens To Give In Unite’s Giveaway

Singapore, Singapore, September 16th, 2024, Chainwire

  • Built on Base, Unite is launching its inaugural earning season
  • Users can earn $UNITE tokens in Mom’s Kitchen, the first profitable casual mobile game in Web3 
  • Minting Soul Bound Token (SBT) In-Game Asset Offers an Exclusive Bonus Multiplier for Airdrop

Unite, a groundbreaking Layer 3 blockchain solution built on Base and backed by industry leaders like Coinbase Ventures, OKX Ventures, Solana Ventures, and Superlayer, is excited to launch its inaugural in-game season for the popular casual mobile game, Mom’s Kitchen: Cooking Games.

Since its June launch, Unite has quickly established itself as a key player in web3 mobile gaming infrastructure; achieving over 5 million downloads across its suite of games on iOS and Android. Unite’s mission is to bring the mobile gaming industry’s massive $90 billion revenue and its 2.8 billion players into the world of web3, setting a new standard for blockchain-based gaming experiences.

Introducing The $UNITE Airdrop Bonus Multiplier in Mom’s Kitchen

Mom’s Kitchen: Cooking Games, published by Unite, attracted over 500,000 downloads across more than 200 countries, with strong user bases in the United States, India, Indonesia, and the United Kingdom. Through revenue earned from in-game advertising and item purchases, Mom’s Kitchen is one of the first profitable casual mobile games in web3. Mom’s Kitchen is available for download on the Apple’s App Store and Google Play Store. With over 320,000 total unique active wallets, Mom’s Kitchen has established itself as a leading mobile game for players to enjoy casual gaming while owning and earning the value they have created by watching the in-game ads and/or made the in-app purchase.

Mom’s Kitchen is a revenue-backed web3 mobile experience that aligns with Unite’s vision of transforming mobile gaming. As part of this initiative, Unite is introducing a limited-time $UNITE Airdrop Bonus Multiplier that offers players an opportunity to significantly increase their token rewards by participating in the game. The total prize pool for the inaugural season is 565 million $UNITE, which is approximately 1.86% of the token’s total supply.

Players can mint a unique, soul-bound token (SBT) in-game assets called Platinum Piggy that guarantees a higher allocation of $UNITE tokens from Unite’s community reward campaign, Unite Odyssey. This achievement reflects Unite’s commitment to maximizing the earning potential of its players.

As the $UNITE Token Generation Event (TGE) draws near, Unite is offering its community members the chance to enhance their airdrop allocations by actively participating in the game and acquiring the Platinum Piggy in-game asset. This soul-bound token unlocks the potential for earnings by playing the game, viewing ads, and making in-game purchases. Each action taken after acquiring the Platinum Piggy SBT contributes to earning exclusive Unite points, which can be converted into $UNITE tokens before the TGE.

Recently, Unite has raised $3 million from its seed extension round demonstrating a significant level of belief in Unite’s vision to be the first and best L3 chain for mass-market mobile games.

Joining the Unite Community and Boosting $UNITE Airdrop

Unite is thrilled by the community’s enthusiasm throughout the Odyssey campaign and is committed to ensuring a fair $UNITE token distribution for its mobile game players. This exclusive token airdrop bonus multiplier is designed to reward active participants and demonstrate Unite’s appreciation for its loyal community.

Users can stay tuned for additional details on the Mom’s Kitchen $UNITE Airdrop Bonus Multiplier. Unite is also opening up collaboration opportunities with leading web3 communities to secure whitelist spots. Interested communities can reach out to them via DM on X @uniteio for consideration.

About Mom’s Kitchen

Mom’s Kitchen: Cooking Games is a free-to-play casual mobile game offering a unique blend of fun and earning potential in the web3 space. Players will enjoy a smooth gameplay experience in this online cooking simulator, serving foodies with a variety of unique recipes across hundreds of challenging levels. Players who generate value from this game will receive rewards in the form of crypto or gift cards for brands like Amazon, Adidas, Starbucks, and more. Through in-game advertising and item purchases, Mom’s Kitchen has become one of the first profitable web3 mobile games. Users can download Mom’s Kitchen on App Store (iOS) or Google Play (Android).

About Unite

Unite is on a mission to build the first Layer 3 blockchain solution for mass-market mobile games, targeting the 2.8 billion players and the $90 billion revenue generated from the mobile game market. Focused on enhancing player experience with in-game earning capabilities, Unite offers a comprehensive L3 solution encompassing chain, client, ecosystem and establishing a decentralized physical infrastructure (DePin) built on billions of daily active mobile devices worldwide.

Founded by veterans in mobile, gaming and web3 infrastructure who served as founders and executives of some of the biggest names, Unite is leading the innovation to the mobile games.

For more information, users can visit Unite’s official website, follow them on X, and join the Unite Discord community.

Contact

Head of Growth
Di Chen
Uniteio
dchen@unite.io

SwapSpace Introduces Crypto Loans – A Solution for Asset-Backed Borrowing

Kingstown, St. Vincent and the Grenadines, September 16th, 2024, Chainwire

SwapSpace, a leading cryptocurrency exchange aggregator, is thrilled to unveil its new Crypto Loans feature in collaboration with CoinRabbit, a service designed to help crypto enthusiasts manage their portfolios. 

With SwapSpace Crypto Loans feature, users can access stablecoins without selling their digital assets, providing flexibility for those who wish to maintain long-term positions in cryptocurrencies while addressing other financial needs.

Key Features of the SwapSpace Crypto Loans:

  1. Wide Range of Supported Cryptocurrencies- SwapSpace offers access to a vast selection of cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and over 3,350 other digital assets. Users are able to use most of them as collateral and borrow against different tokens based on their portfolio.
  2. Simple and Quick Lending Process- Borrowing on SwapSpace is streamlined and transparent. Users simply select their preferred loan-to-value (LTV) ratio, providing flexibility in how much they wish to borrow against their collateral. The platform does not require complex procedures, and a collateralized position can typically be created within 5–10 minutes.
  3. Competitive Interest Rates- S SwapSpace offers competitive interest rates based on market conditions, helping borrowers balance the value of their loan while managing the cost of holding it.
  4. High Security- Assets are kept in unique wallets with regularly updated private keys for enhanced security.
  5. Flexibility- The loans have flexible terms, and can be repaid at any time. The accrued interest is to be paid only upon closure of the loan. There are varied LTV ratios available, which, in turn, affect the APR, which ranges from 12 to 17%.

As part of its mission to provide users with a comprehensive range of financial services, SwapSpace’s Crypto Loans signal the platform’s ongoing commitment to offering innovative solutions that enhance the crypto ecosystem. The new loan feature comes at a time when more investors are seeking ways to make the most of their crypto assets without compromising their market position. 

“At SwapSpace, we’re always looking for ways to give our users more control over their assets. With the introduction of crypto loans, we’re empowering them to unlock liquidity without compromising their investment strategy and missing out on the upside of their assets. This is a game-changer for anyone who wants to make the most of their crypto while holding onto it for the long term.” — Andrew Wind, CPO of SwapSpace

About SwapSpace

SwapSpace is a crypto exchange aggregator with 28 partners and over 3350 coins available for seamless and fast swaps at the best market rates without sign-up requirements. Users can securely swap, buy, and sell assets for fiat and spend crypto on popular marketplaces. The platform aggregates offers from the most trustworthy crypto exchanges, providing the best options with 24/7 support.

For more information, users can visit SwapSpace’s Twitter and Linkedin.

Contact

PR Manager
George Layne
SwapSpace.co
pr@swapspace.co

Onboard Secures Funding from Coinbase Ventures & LAVA to Drive Global Expansion and Unlock Onchain Economy Potential

Lagos, Nigeria, September 16th, 2024, Chainwire

Onboard is excited to announce a significant expansion and rebrand, coupled with a successful capital raise from Coinbase Ventures and LAVA. This expansion marks the evolution of Onboard from a digital money app and a global P2P exchange, to a comprehensive platform and ecosystem designed to empower onchain builders and creators globally.

The world is facing unprecedented challenges, with over 3.5 billion people living below the poverty line, 75-90% currency devaluation, and rampant double to triple-digit inflation across various regions. Onboard believes that rather than battling outdated systems, the way we change this, is by focusing on the transformative possibilities of the onchain economy.

Onboard empowers independent builders and creators to help bring the world onchain. Onboard’s vision is to enable anyone, anywhere to come onchain and live a radically better life. Their gateway enables people to come onchain with as little as $1 in under 2 minutes. However, the true value lies in the applications and experiences that make this economy accessible, engaging, and transformative.

“To truly unlock the potential of the onchain economy, we need to support the creation of actually useful onchain apps and experiences. This is where builders and creators come in. This rebrand signifies our commitment to fostering a thriving onchain ecosystem that benefits everyone.” – Yele Bademosi, Co-Creator of Onboard.

Onboard is dedicated to building the ultimate financial platform and support community for onchain dreamers—those independent builders and creators. We believe that by inviting the world’s best minds to join us, we can create exceptional onchain applications and experiences that will inspire and enable more people to embrace the possibilities of this new economy.

The capital raised from Coinbase Ventures and LAVA will be pivotal in accelerating Onboard’s growth and expanding its offerings to meet the needs of the global onchain community. This funding will support the development of new financial tools, resources, and community initiatives aimed at empowering onchain creators and builders.

 The onchain economy holds tremendous potential to empower people around the world. Onboard’s on and offramps enables safe, low-cost, and low-barrier entry to the onchain world, bringing the benefits of this new economy to people who need it most. We’re excited to partner with Onboard in making economic freedom more accessible to all.” – Shan Aggarwal, Vice President, Corporate & Business Development, Coinbase Ventures.

About Onboard

Onboard is building the ultimate financial platform and support community for onchain dreamers—independent builders and creators developing applications and experiences to bring the world onchain. With a mission to expand the onchain economy and make it universally accessible. Onboard is committed to enabling anyone, anywhere, to live a radically better life through the possibilities of the onchain economy.

Website: onboard.xyz

X: @OnboardGlobal

Farcaster: @Onboard

Contact

Marketing Lead
Liza J
Onboard
liza@nestcoin.com

The Ambition of MEET48’s AI-UGC Ecosystem: AI-LLM and Web5 Architecture

Singapore, Singapore, September 16th, 2024, Chainwire

MEET48 is on the cusp of revolutionizing the Web3 entertainment landscape through a series of innovative products, interactive events, and technological advancements. Kai, COO of MEET48, emphasizes the role of UGC and the seamless integration of AI tools in enabling fans to actively create and share virtual performances. He highlights the importance of reducing content creation barriers, noting that their AI SaaS tool, AIShowBox, empowers users to produce their own virtual idol performances at minimal cost and effort. These creations can be shared on various social platforms, enhancing engagement and participation within the MEET48 ecosystem.

Looking ahead, Kai outlines MEET48’s grand vision for its metaverse, a holistic and interconnected community that operates in parallel with the real world. This metaverse aims to bridge virtual entertainment with real-world industries, drawing in diverse demographics. MEET48’s approach leverages idol-fan interactions as the entry point into this immersive metaverse, providing a pathway for greater social engagement and content-driven experiences.

MEET48 is also making significant strides in the Web3 space through successful fan economy integrations. As Kai describes, MEET48 builds on proven Web2 models, combining them with Web3 innovations to democratize the idol-making process. Unlike traditional idol management systems where fans have limited control, MEET48 enables deeper fan involvement in both governance and economic rewards through decentralized mechanisms. This transparency and inclusivity make MEET48 a pioneering force in the Web3 fan economy.

The platform’s ongoing events, such as the TOKEN2049 side activities, bring MEET48’s idols closer to fans through live performances and fan meetings. These events showcase how MEET48 blends AI and Web3 to redefine the idol-fan relationship, offering fans more meaningful ways to interact with and support their favorite idols.

MEET48 is set to roll out several highly anticipated products in late 2024, including AIShowBox, CoinIdols and CoinFish. AIShowBox allows users to create AI-generated virtual performances, democratizing the content creation process, while CoinIdols and CoinFish, built on the TON ecosystem, merges fan interactions with token-based incentives. These products not only lower the barrier for fan participation but also create new avenues for monetization, turning engagement into tangible rewards.

In summary, MEET48 is leading the charge in blending AI, Web3, and entertainment, offering fans innovative ways to create, engage, and benefit from their involvement in the idol ecosystem. Through its groundbreaking products and inclusive community model, MEET48 is shaping the future of entertainment in the metaverse and beyond.

MEET48 Becomes Platinum Sponsor of TOKEN2049 Singapore and Hosts a Major Web3 + AI Party on the Night of September 18th, Featuring a Roadshow and Fan Meeting with the GIPR2 Top 7 Idols

Earlier, TOKEN2049 officially announced that MEET48 would join as a Platinum Sponsor for TOKEN2049 Singapore. Additionally, MEET48 will co-host the large-scale AI + Web3 application side event “Back To The Streets” on the evening of September 18th, alongside Hape, with strong support from partners such as ModelZoo, TraditioNow, OneKey, and BNB Chain.

MEET48 will also feature the GIPR2 Top 7 idol group in a roadshow and fan meeting.

By deeply integrating Web3 technology with the real world, MEET48 has created a new model for online and offline interaction. The performances at the Edge Summit and the “Back To The Streets” series of events not only allow fans to engage with their idols up close but also further expand the application of Web3 technology in real-world scenarios. This large-scale innovation drives the mass adoption of Web3 technology, positioning MEET48 not only as a success in idol voting events but also as a global pioneer in the fusion of idol economy and Web3.

For MEET48, 2024 is not only a year of innovation but also a critical milestone in promoting the widespread adoption of Web3 technology. Through AI-powered user-generated content (AIUGC), NFT enablement, and product innovation, MEET48 is leading the idol economy into a new Web3 era.

About MEET48

MEET48 boasts a technical and R&D team of 500 members, with a regional operations network spanning Singapore, Hong Kong, Taipei, Tokyo, Seoul, and Dubai. It is considered one of the largest Web3 application project teams globally. MEET48 aims to achieve mass adoption of Web3 technology by focusing on an AI UGC content ecosystem centered around AIGC (Animation, IDOL, GAME, and Comics) entertainment content for Generation Z, along with a graphical and intelligent metaverse social foundation.

Website:https://www.meet48.xyz/

Twitter (X):https://x.com/meet_48

Telegram:https://t.me/MEET_48

Discord:https://discord.gg/meet48

Contact

Marketing Director
Siyu Yang
MEET48
siyu@meet48.com

Alchemy Partners with Cross Finance to Power dApp Development

San Francisco, USA, September 13th, 2024, Chainwire

Alchemy, the leading web3 development platform, has officially partnered with Cross Finance, an innovative DeFi platform, to power dApp development on the CrossFi Chain. This strategic collaboration will also see Alchemy become a core development partner, enabling the building and scaling of dApps on the CrossFi Chain and further advancing the possibilities of decentralized finance.

The CrossFi Chain, designed to bridge the gap between traditional and DeFi, provides an open, scalable infrastructure that empowers individuals and businesses to engage in secure, transparent, and efficient financial transactions. By partnering with Alchemy, Cross Finance leverages Alchemy’s robust dApp building tools to streamline development processes, powerful APIs, and state-of-the-art tools for developers building dApps on CrossFi.

“As Cross Finance launches its Mainnet, our goal is to push the boundaries of decentralized finance and deliver cutting-edge financial solutions,” said Alexandar Mamasidikov, CEO of Cross Finance. “Alchemy’s APIs and expertise in web3 dApp development will play a pivotal role in making CrossFi Chain the go-to platform for dApp development.”

Alchemy, known for its developer-first platform and robust APIs and SDKs, provides blockchain infrastructure that powers major networks like Ethereum, Polygon, and others. With this partnership, developers building on the CrossFi Chain will have access to Alchemy’s advanced API services, which facilitate everything from secure smart contract deployment to real-time data analytics. This will boost the performance and security of dApps.

Key Features of the Partnership Include:

  • Advanced Blockchain Infrastructure: Alchemy’s platform will provide dApp building toolsets for fast, scalable, and secure development on the CrossFi Chain.
  • Developer Support: Alchemy will work closely with CrossFi to provide developer tools and resources to allow teams to build and deploy decentralized applications more quickly and efficiently.
  • New dApp Ecosystem: The partnership will encourage innovation on the CrossFi Chain, with Alchemy’s support ensuring developers can create high-performing, secure, and reliable dApps across multiple industries.

“We’re thrilled to partner with CrossFi to onboard the next wave of builders to the CrossFi chain. Their ecosystem, uniquely coupling the benefits of Cosmos and EVM, provides builders with both scalability and efficiency, and is an amazing environment to deploy any dApp, from payments to cross-chain bridges. We’re excited to see what builders create on CrossFi!” said Suzanne Slaughter, Product Marketing Lead

With the upcoming launch of the CrossFi Mainnet, both companies are committed to fostering innovation within the blockchain ecosystem and providing developers with the tools they need to create solutions that will transform the future of finance. 

For more information on Cross Finance, please visit CrossFi.org.

For more information on Alchemy, please visit Alchemy.com.

About Cross Finance

Cross Finance is a decentralized finance platform focused on uniting traditional finance and DeFi to offer secure, transparent, and efficient financial services on a global scale. The CrossFi Chain is designed to enable seamless transactions and develop innovative decentralized applications.

About Alchemy

Alchemy is a leading blockchain development platform that provides the essential infrastructure and tools for developers to build high-performing decentralized applications. Alchemy’s technology powers the top blockchain applications globally, helping teams unlock the full potential of blockchain innovation.

Contacts

CEO & Founder
Alexander Mamasidikov
CrossFi Limited
owner@crossfi.org
CEO & Founder
Alexander Mamasidikov
CrossFi Limited
info@crossfi.org

Bybit Report Reveals Liquid Staking as a Driver for Solana’s Growth

Dubai, United Arab Emirates, September 12th, 2024, Chainwire

A new report by Bybit, the world’s second-largest cryptocurrency exchange by trading volume, reveals the Solana blockchain is having a break-through moment driven by its liquid staking model. This report examines the current state of liquid staking on Solana—particularly exchange-launched liquid-staked SOL, key players in the space, and why and how the liquid staking model is poised to mobilize the masses to the Solana ecosystem.

The leading proof-of-stake blockchain has been a popular destination for memecoins, grassroot projects and other DeFi protocols in 2024. However, limited by its current market cap and reach, the mainstreaming of Solana is still underway. Bybit’s report underscores the significance of liquid staking, particularly led by the rise of exchange-backed liquid staking tokens (LST), such as Bybit’s own bbSOL, in driving the next chapter of growth on Solana. 

Key takeaways: 

  • Guiding Retail Investors to Solana: Mainstream exchange-backed LSTs will break down barriers and become the de-facto bridge between casual users and the DeFi opportunities in Solana. Bybit is first-in-market having recently launched bbSOL, the world’s first exchange to launch a LST on Solana. 
  • Blending Growth and Potential: Report findings show that Solana’s innovative liquid staking model is a step ahead of traditional staking with more flexibility and liquidity, providing users with improved yield and access. Its potential also speaks volume with a current liquid staking ratio of only 6.5%, allowing significant room for growth. Additionally, various projections see the market reaching $6-10 billion soon.
  • The Power of Memecoin:  The rise of memecoins on Solana creates a space for retail investors and may open up DeFi opportunities, potentially driving liquid staking adoptions further upwards.
  • Challenges Ahead: Sustaining growth in the ecosystem will require better user education and addressing smart contract risks.

Overall staking on Solana far outpaces Ethereum with over $57 billion worth of SOL staked, equivalent to a staking ratio of around 68%. 

The report also offers an in-depth view of the liquid staking landscape on Solana and the dynamics between the driving forces. 

Download the full report: Solana Liquid Staking: Driving Solana to the Next Phase of Mass Adoption

#Bybit / #TheCryptoArk

About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 40 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, users can please visit Bybit Press
For media inquiries, users can please contact: media@bybit.com
For more information, users can please visit: https://www.bybit.com
For updates, users can please follow: Bybit’s Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube

Contact

Head of PR
Tony Au
Bybit
tony.au@bybit.com

Unite and Aethir Team Up to Enhance Cloud Infrastructure for Web3 Mobile Game Developers

Singapore, Singapore, September 12th, 2024, Chainwire

Aethir, a distributed GPU cloud computing innovator, is teaming up with Unite, a leading Layer 3 chain solution for mass-market mobile games, to empower developers and streamline Web3 game development. By leveraging Aethir’s advanced cloud technology alongside Unite’s L3 chain solution and game development framework, this partnership enhances scalability, performance, and accessibility for Web3 mobile games. Aethir’s cloud solutions enable mobile game publishers to deliver high-performance gaming experiences, regardless of players’ device limitations. As mobile remains the largest and most profitable platform in the gaming industry, this collaboration significantly bolsters Unite’s infrastructure and ecosystem, ensuring Web3 mobile games are more accessible and scalable globally.

Unite’s L3 chain solution, built on the Base chain with technology from Optimism and Syndicate, seamlessly integrates blockchain features into casual mobile games with millions of daily users. By offering SDKs that simplify Web3 functionality, Unite bridges the gap between traditional Web2 gaming and the evolving Web3 landscape. Since its launch, Unite has experienced rapid growth, with over 5 million downloads across iOS and Android. It is backed by leading investors such as Superlayer, Coinbase Ventures, OKX Ventures, and Solana Ventures.

The collaboration between Unite and Aethir represents a pivotal step in advancing web3 gaming on mobile devices, which remain the dominant platform in the gaming industry in terms of both financial scale and player base. Aethir’s cutting-edge cloud infrastructure enables developers to build on Unite’s L3 solution to reach wider audiences and optimize game performance across a broader range of mobile devices. This collaboration not only amplifies the scalability of web3 games but also makes them more accessible to players around the world.

“We are thrilled to partner with Aethir to further our mission of accelerating web3 games on mobile,” said Weiwei Geng, CEO of Unite. “Mobile is the most used device in gaming, yet it represents only a fraction of the web3 gaming landscape. By leveraging Aethir’s decentralized cloud technology, we’re empowering game developers to expand their reach and unlock revenue opportunities while making web3 games more enjoyable and accessible.”

“Mobile gaming is rapidly evolving, and Aethir’s cloud infrastructure is primed to support this transformation,” said Paul Thind, CRO at Aethir. “By working with Unite, we’re enabling developers to scale Web3 games more efficiently, reaching a broader audience and enhancing the overall player experience. This collaboration opens new doors for the future of mobile gaming in the Web3 space.”

About Aethir

Aethir is the leading DePIN, Enterprise-grade, AI-focused GPU-as-a-Service provider in the market. Leveraging a highly distributed cloud computing infrastructure allows GPU providers to serve AI and gaming customers at scale. 

Aethir aims to serve enterprise AI clients who need the world’s most powerful AI chips at scale and also to support hundreds of thousands of cloud gaming players with best-in-class experiences around the world. All of this is accomplished with a decentralized architecture, bringing the GPU cloud to the community and making computing accessible for all.

For more information about Aethir, please visit its official website, follow its X, and join its Discord community.

About Unite

Unite is on a mission to build the first Layer 3 blockchain solution for mass-market mobile games, targeting the 2.8 billion players and the $90 billion revenue generated from the mobile game market. Focused on enhancing the player experience with in-game earning capabilities, Unite offers a comprehensive L3 solution encompassing chain, client, ecosystem and establishing a decentralized physical infrastructure (DePin) built on billions of daily active mobile devices worldwide.

Founded by veterans in mobile, gaming, and web3 infrastructure who served as founders and executives of some of the biggest names, Unite is leading the innovation of mobile games.

For more information about Unite, please visit its official website, follow its X and join the discord community. 

Contact

Head of Growth
Di Chen
Unite
dchen@unite.io

Dune Becomes the Most Comprehensive Onchain Data Hub for Polkadot’s 50+ Parachains

Boston, Mass, September 11th, 2024, Chainwire

New Integration Expands Dune’s Coverage Across the Entire Polkadot Ecosystem, Delivering Unmatched Onchain Analytics

Zurg, Switzerland, September 11th 2024 Dune, the leading platform for onchain analytics, announces the integration of 50+ parachains from the Polkadot ecosystem. With this expansion, Dune solidifies its position as the most comprehensive data hub for Polkadot, offering unparalleled insights and analytics for developers, investors, and data enthusiasts alike.

Earlier this year, Dune launched support for Polkadot, Kusama, and six parachains. Now, the platform takes a major step forward by expanding coverage to include the entire Polkadot ecosystem. This integration enables users to explore, analyze, and visualize all onchain activities across Polkadot in real time, making Dune the go-to destination for data-driven decision-making.

Polkadot’s ecosystem, known for its diverse and innovative parachains, generates a vast amount of data. Navigating this complex network can be a challenge. Dune’s expanded support simplifies access to crucial onchain data, empowering users to gain deeper insights into Polkadot’s dynamic ecosystem.

The newly integrated parachains include Moonbeam, which specializes in smart contracts and cross-chain DeFi; Acala, known as Polkadot’s hub for decentralized finance; Phala, which focuses on privacy-first DePIN and AI solutions; and Mythos, a protocol bringing AAA decentralized gaming and hugely popular franchises to Polkadot. These integrations, along with dozens of others, position Dune as the most expansive source for Polkadot’s onchain analytics, allowing users to track transaction flows, analyze DeFi activity, and monitor developments in gaming and NFTs—all within a single, comprehensive platform.

FredrikHaga, CEO of Dune shared, “Polkadot and its Substrate-based chains form a vast and complex ecosystem. With this integration of 50+ parachains, our goal is to make that complexity easier to navigate. We want to give people a clear, accessible view of what’s happening across the network, so they can focus on innovation and building with confidence.”   

This milestone integration was achieved through Dune’s partnership with Colorful Notion. Together, the teams developed a streamlined process for integrating new parachains, ensuring Dune’s data remains comprehensive, accurate, and reliable.

Dune’s integration also includes enhanced functionality through the Dune API, allowing users to convert any query into a flexible API endpoint. This feature offers greater flexibility for developers and analysts, enabling them to seamlessly incorporate Dune’s data into their own applications.

To learn more about the latest Polkadot integrations, readers can visit Dune’s Polkadot Analytics.

About Dune 

Dune is a leading data analytics platform that democratizes access to onchain data by enabling users to query, visualize, and share insights across various blockchains. With over 700,000 community-contributed data tables, Dune supports comprehensive analysis of tokens, wallets, protocols, and more. The platform’s recent launch of the Dune API extends its capabilities for automated reporting, alerting, and integration into user applications. 

For more information, readers can visit https://dune.com/home 

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

Jonathan Duran
jonathan@distractive.xyz

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