HO CHI MINH, Vietnam, November 13th, 2024, Chainwire
Recently, CoinList conducted a poll asking users, “What category of projects do you want to see most on CoinList?” underscoring growing interest in decentralized infrastructure solutions. Following this, CoinList announced an exciting partnership with U2U Network, a DePIN-focused Layer 1, for an exclusive pre-listing campaign.
DePIN – More than just a trend
Decentralized Physical Infrastructure Network (DePIN) is emerging as a technology aimed at shifting how infrastructure is managed. By decentralizing services like computing, energy, and telecommunications, DePIN seeks to offer scalability, resilience, and cost-efficiency beyond what centralized systems typically provide.
This innovation represents a new phase of technological progress—one that broadens access and creates opportunities for communities historically excluded from economic growth. DePIN’s impact is set to be significant
As of November 2024, the DePIN sector boasts a market capitalization exceeding $33.6 billion, according to CoinGecko. Venture capitalists are increasingly investing in DePIN projects, indicating strong interest in the sector. A 2023 report by Messari values the market potential for DePIN at $2.2 trillion, with projections to reach $3.5 trillion by 2028. To date, DePIN projects have collectively raised over $1 billion in funding, reflecting growing investor confidence in this area.
CoinList, the top 1 IDO platform in crypto, acknowledged the potential of DePIN and joined the market with many successful DePIN projects such as Filecoin, NATIX, Koii, peaq, etc. After the recent successful listing period of Peaq, CoinList has just announced its new collaboration with U2U Network, the leading DePIN Layer1 in Asia, for a new pre-listing campaign.
Coinlist x U2U Network: U2U Incentivized Mainnet Saga Campaign
U2U Network, backed by Kucoin Ventures, Chain Capital, IDG Blockchain, JDI, Cointelegraph, Crypto Assets Japan, and V3V Ventures, stands as the only DePIN project selected for collaboration by CoinList in Q4 2024, a clear sign of its innovation and leadership. As a modular Layer 1 network, U2U Network uses advanced directed acyclic graph (DAG) technology and Ethereum Virtual Machine (EVM) compatibility to provide fast transactions and quick finality.
U2U Network aims to address the fragmented nature of the DePIN market, where full integration across applications is rare. Its vision is to create a complete blockchain solution for DePIN. The network’s unique subnet technology allows for the creation of customizable, independent sub-networks that offer scalability and flexibility tailored for DePIN applications. This design provides high performance, strong security, and adaptability, giving developers the tools to build and launch DePINs efficiently while enabling users to connect, contribute, and earn from various DePIN projects.
CoinList’s partnership with U2U Network reflects their shared commitment to advancing the DePIN sector. This collaboration is highlighted by the U2U Incentivized Mainnet Saga Pre-listing Campaign, marking a key step in driving the growth and adoption of DePIN technology. With a way to earn with This campaign to get access to $U2U tokens before they hit the market.
Users now have an opportunity to earn $U2U tokens by bridging $USDT on Owlto Finance to receive $pUSDT and then staking $pUSDT in the U2U Incentivized Staking Pool. A reward pool of 10,000,000 $U2U tokens has been allocated for this initiative.
Timeline: 90 days, from 12th Nov 2024 to 10th Feb 2025
For more information, users can visit: https://mainnetsaga.u2u.xyz/
Beyond its partnership with CoinList, U2U Network is set to embark on an ambitious campaign with Bitget, a world-leading cryptocurrency exchange and Web3 innovator. This collaboration marks another significant step in U2U Network’s mission to expand its reach and influence within the DePIN ecosystem. Stay connected with U2U Network’s social channels for upcoming details about this exciting venture.
The Future Goes On
As excitement builds across the community from U2U Network’s pre-listing campaigns, the anticipated listing is set to launch in Q4 2024. With its vision to be a comprehensive blockchain solution for DePIN, U2U Network is poised to take the blockchain space by storm, bringing robust innovation and value to its ecosystem and users alike. As the listing approaches, the path forward for U2U Network promises exciting opportunities and impactful contributions to the blockchain industry and beyond.
About U2U Network:
U2U Network is a modular L1 with subnet technology that perfect fit for DePIN. Their backers include Chain Capital, IDG Capital, Cointelegraph, JDI Ventures, Kucoin Venture, V3V Fund, Web3Port, and others. The project has also entered into partnerships with AWS, Klaytn Foundation, IoTex, Waterdrip Capital, Chain Catcher, etc. KOLs that have invested in U2U Network are KongBTC, Romano, ImNotTheWolf, Crypto Buzz, Antony, etc.
Mainnet is ready with more than 180K wallet addresses. DePIN Subnet launched with U2DPN product with more than 155K downloads, 59K contributer nodes, and 9K DAU in 3 months of launching. 80 dApps committed to building on chain (EVM-compatible) range from crypto applications (Defi, Gamefi, SocialFi, etc) to real-world scenarios (Storage, data mining, etc), and over 40 DePIN project signed MOU and under integration, 25 other projects in the pipeline.
About the host VTIS
Vietnam Tech Impact Summit 2024 (VTIS) – The Premier Tech Event in Vietnam.
VTIS is a hub for transformative innovations, serving as “The gateway to Vietnam’s emerging technology market”. VTIS connects global experts, businesses, investors, and tech enthusiasts across technology sectors. Focusing on 4 themes—Fintech, AI, Blockchain, Gaming, VTIS will unlock market access, partnerships, and investment opportunities for startups. Hosted by SSI and FPT Group and Organized by SSID.
Website: Vtis.io
REFERENCE:
- Top depin coins by market cap (no date) CoinGecko. Available here (Accessed: 12 November 2024).
- Kassab, S. (2023) The DePIN Sector Map, Messari Crypto News. Available here. (Accessed: 12 November 2024).
- The all-time top 8 most funded Depin projects (in US $ million). Available here. (Accessed: 12 November 2024).
Contact
Astrid Dang
U2U Network
alice@uniultra.xyz
09081246492
London, UK, November 15th, 2024, Chainwire
Klink Finance, the gamified crypto wealth platform with over 150,000 community members worldwide, has teamed up with Lucky Dog Media Corp. to bring $LUCKY. In this airdrop campaign, over 30,000 participants competed for a chance to win $LUCKY tokens, and 7,777 winners received their tokens directly in their Klink wallets.
About The $LUCKY Dog
The partnership between Klink Finance and Lucky Inc. has set a new benchmark for user engagement in the crypto world. Hosted on Klink’s app, the campaign encouraged users to complete tasks like follows, shares, and engagement with Lucky Dog Media Corp. social media.
It led to a community of over 30,000 members rallying around the $LUCKY token. Klink ensured all user engagement was legitimate and organic, mitigating any risk of suspicious activity or spam. Following the successful engagement, Klink completed the distribution of $LUCKY tokens to 7777 winners.
Key Highlights of the $LUCKY Dog Campaign
- Surge in Popularity: Since the campaign’s completion, the $LUCKY token has captured market interest, becoming a standout on the Base network.
- Record Market Performance: On November 11, 2024, $LUCKY reached a new all-time high of $0.004122, growing ove 600% in value.
- Growing Market Capitalization: $LUCKY now boasts a market cap of $17,857,809, aiming to appeal to the crypto community.
- High Trading Activity: The $LUCKY/WETH pair on Aerodrome (Base) has emerged as one of the most active trading pairs, underscoring demand for the token.
- Top Memecoin Ranking: Currently, $LUCKY is the second most popular memecoin on Base, following closely behind $SKI, showcasing its position in the market.
Looking Ahead with Klink Finance
Klink Finance successfully managed and tracked the campaign through real-time analytics, providing Lucky with transparent data on user conversions. User’s identity and data were safe all through the process.
Chris, co-founder of Klink Finance, shared his thoughts on the collaboration: “Our partnership with Lucky Dog Media Corp. was about more than just token distribution—it was a meaningful opportunity to bring value to our community and create a ripple effect of engagement and growth for $LUCKY. We’re thrilled with the results and proud to have supported Lucky in this journey.”
Klink Finance continues expanding its campaigns and a current 10 million $KLINK token airdrop, live on Klink’s TG Mini App. This ongoing airdrop invites users worldwide to join the growing Klink community, with $KLINK token distribution set to follow the upcoming TGE.
About Klink Finance
Klink Finance is transforming people’s lives by empowering individuals to earn money online and grow their wealth through crypto. As a fully regulated, multi-service platform, Klink enables users to start investing and earning from as little as $0 by engaging in games, learning, trying out apps, and completing simple microtasks. Now active in over 127 countries, Klink Finance makes financial freedom accessible to everyone.
Official website: https://www.klinkfinance.com/
Twitter (X): https://x.com/klinkfinance
Linkedin: https://www.linkedin.com/company/klinkfinance/
Telegram: https://t.me/klinkfinancechat
About Lucky Dog media corp.
Lucky Dog is a meme coin built on the Base network, inspired by the French bulldog named Lucky from Las Vegas. The project centers around the concept of luck, fun, and generosity, embodied by the “luckiest dog in the world.” The primary goal of Lucky Dog is to share the timeless message of “sharing is caring” with its community and the crypto space.
Website: https://getluckydog.ai
Twitter: https://x.com/getlucky_dog
Telegram: t.me/luckydogann
Contact
Head of Marketing
Gasper Stih
Klink Finance
support@klinkfiance.com
George Town, Cayman Islands, November 15th, 2024, Chainwire
Prosper, a decentralized protocol bridging institutional-grade Bitcoin mining power on-chain and aiming to unlock the potential of Bitcoin through liquidity farming, today announced that it has entered into a long-term hosting service agreement with BITMAIN, the world’s leading manufacturer of digital currency mining servers through its brand Antminer.
Under the agreement, BITMAIN and its affiliates will provide hosting services for Prosper’s foundation-owned Bitcoin miners, bringing high-quality operational standards for $PROS token holders. The first batch of hashrate under this agreement is expected to come online throughout November via Antpool’s mining pool platform and accessible via Prosper’s v1 web app.
Earlier this quarter, Prosper announced a pivot in its strategic direction to focus on Bitcoin mining and unlock Bitcoin’s potential in liquidity farming. Prosper has entered into an agreement with BITMAIN to enhance execution quality for its miners and $PROS token holders. This also highlights Prosper’s value proposition as the only Web3 Bitcoin mining project that has secured multiple top-notch industry players as key service providers.
About BITMAIN
Since its foundation in 2013, BITMAIN is the world’s leading manufacturer of digital currency mining servers through its brand ANTMINER, which has long maintained a global market share and leading position in technology, serving customers across over 100 countries and regions. The company’s R&D center is situated in Singapore, and it has multiple branches and subsidiaries across the globe, including but not limited to Hong Kong, the United States, Malaysia, and the United Arab Emirates.
About Prosper
Prosper is a decentralized protocol for a community that truly believes in Bitcoin, providing full exposure across Bitcoin’s value layers through bridging institutional-grade Bitcoin mining power on-chain, and unlocking the potential of Bitcoin through liquidity farming. For more information, users can visit prosper-fi.com or follow us on X (formerly Twitter).
Contact
Prosper
contact@prosper-fi.com
Bangkok, Thailand, November 14th, 2024, Chainwire
Today, Neptune Finance (Neptune), a credit network lending protocol, announces the first month results of the rates competition study for the period of 8 October to 8 November. Neptune comes up in first position with a performance of 2.5x for USDT and 1.8x for USDC compared to the second placed platforms, successfully proving their interest rate mechanism is the best in the industry.
These results demonstrate that Neptune provides the highest efficiency at 20% APY for users.
Last month, 100 USDC and 100 USDT each were deposited into 10 platforms including Neptune, and other competitors. The competition study is aimed to determine the performance and user value of the top 10 DeFi lending platforms and can be tracked in real-time on Pulsar: https://app.pulsar.finance/portfolio
Users can view the full results here.
Chad Cutshall, CEO of Neptune Foundation, said: “We have been committed to providing the highest value to our users through our innovative features. It is a real testament to the team’s hard work that the results have shown Neptune having the most competitive rates in the industry. Coming up on top against other bigger platforms shows that we are well on track with our vision to be the premier and highest efficiency lending protocol for users and DeFi service providers.”
Neptune already often has a narrower spread between lend and borrow rates and this competition study will provide tangible insight into rates comparison across lending platforms.
With the use of the innovative Neptune PID controller, the interest rate curve is dynamically adjusted based on its proximity to the target, achieving consistent utilization, even throughout rapid market volatility. This addresses the limitations of a market static curve used by typical DeFi money markets, which does not consistently achieve a stable market utilization.
The Neptune team is continuing the work on enhancing user benefits. The updated Neptune roadmap was recently released, focused on generating bigger potential yields, enhanced security and broader adoption. Upcoming milestones for the rest of this year include access to flash loans, capacity for account health boost, and access to advanced data and analytics.
About Neptune Finance
Neptune Finance is a next-generation credit network and potentially high-yield lending protocol designed to provide capital efficiency for lenders, borrowers and DeFi service providers.
With the innovative Neptune PID controller, the interest rate curve is dynamically adjusted creating a narrower spread between lend and borrow rates. Neptune provides an overall better representation of the real-time supply and demand characteristics to optimize savings for both lenders and borrowers. Ultimately, Neptune aims to be be the highest efficiency operating protocol for thousands of DeFi service providers and protocol developers.
Uses can visit nept.finance and discover how to lend, borrow and build.
Contact
PR consultant
Candice Teo
candice@espoircommunications.com
TA, IL, November 14th, 2024, Chainwire
Following a notable rise in the visibility of $PEPE within the digital asset market after its listings on Coinbase and Robinhood, attention is now turning to Pepe Unchained and its native token, $PEPU.
Positioned as an innovative extension of the meme-inspired asset landscape, Pepe Unchained is launching new initiatives aimed at building a sustainable ecosystem for $PEPU, emphasizing utility, community engagement, and long-term growth potential.
https://x.com/pepe_unchained/status/1839304995465998825
The Pepe Unchained team has recently introduced strategic updates and partnerships designed to elevate the value and utility of $PEPU within its ecosystem. These developments include enhancements to $PEPU’s interoperability, accessibility, and functionality, making it a versatile digital asset within the evolving decentralized landscape.
Through advanced developer tools, optimized transaction capabilities, and a robust community rewards system, Pepe Unchained aims to establish $PEPU as a prominent player, leveraging the community interest generated by $PEPE’s popularity.
The focus is on creating a platform that brings real utility to $PEPU while offering value-driven engagement for our community, the whitepaper explains. The updates are designed to build a strong, resilient ecosystem around $PEPU that provides meaningful benefits to both existing and new participants.
Pepe Unchained is also exploring partnerships with decentralized applications and other blockchain-based solutions to enhance $PEPU’s utility and integrate it more effectively within the broader ecosystem. Through these initiatives, the platform aims to foster sustained engagement and participation, with a clear emphasis on value and functionality.
For additional details on Pepe Unchained and the latest developments surrounding $PEPU, visit pepeunchained.com.
https://x.com/pepe_unchained/status/1856661613618823349
About Pepe Unchained
Pepe Unchained is a decentralized platform inspired by meme culture, focused on community engagement and sustainable growth within the digital asset space. Featuring $PEPU as its native token, Pepe Unchained offers an ecosystem designed to maximize utility and participation, catering to digital asset enthusiasts seeking both community and functionality.
Contact
reut
Chainwire
reut@chainwire.org
Ramat Gan, Israel, November 14th, 2024, Chainwire
Layer-3 Blockchain Brings High-Speed, Stable, Zero-Gas Transactions and a Complete Web3 Ecosystem Bridging Web2 and Web3
Playnance, a leader in Web3 technology, announces the launch of PlayBlock, a cutting-edge Layer-3 blockchain that is transforming the landscape for trading, gaming, and decentralized finance (DeFi). With PlayBlock as the foundation, Playnance aims to drive mass Web3 adoption by offering zero-gas transactions, USD-pegged stability via USDP, and seamless Ethereum Virtual Machine (EVM) compatibility to provide users with a smooth, accessible path from Web2 to Web3.
The Playnance Ecosystem: Five Core Components to Drive Mass Web3 Adoption
Playnance has developed a cohesive ecosystem centered around five integrated components, each designed to simplify and enhance the Web3 experience:
1. PlayBlock Blockchain: A high-speed, EVM-compatible, gas-free blockchain supporting up to 40,000 transactions per second (TPS). PlayBlock, built with Arbitrum Orbit and Gelato’s Rollups-as-a-Service, ensures fast, scalable transactions suited for both gaming and trading.
2. Playnance Studio: A Web3 gaming studio offering a collection of blockchain games built on PlayBlock, delivering secure, transparent, and engaging experiences.
3. Playnance Bridge (CoinsExchange.com): Powered by the Playnance Bridge on CoinsExchange.com, users can effortlessly swap assets with zero in-and-out fees, providing an affordable entry to the Playnance ecosystem.
4. PlayWall Wallet and dApp Store: A decentralized wallet and application hub for PlayBlock dApps, PlayWall simplifies the storage and management of digital assets and will soon launch as a one-stop destination for Web3 applications.
5. Playnance Partners: A partner network offering white-label solutions and development support, enabling businesses to integrate with Playnance’s ecosystem and connect with a growing Web3 audience.
PlayBlock Benefits for Traders, Gamers, and Developers
For Traders
- Zero-Gas Fees: PlayBlock’s gas-free transactions make Web3 trading affordable and accessible.
- USD-Pegged Stability: PlayBlock uses USDP, a stablecoin pegged to USD, to provide reliable, secure transactions.
- High-Speed Transactions: Supporting high-frequency trades, PlayBlock’s infrastructure is optimized for both professional and retail trading.
For Gamers
- Cost-Free Play: Gas-free interactions allow users to engage in GameFi without extra costs, enabling a more inclusive experience.
- Transparent and Fair: All gameplay and transactions are secured on-chain, ensuring a fair and trustworthy environment.
- PlayWall dApp Store: The soon-to-launch PlayWall dApp Store will provide easy access to all PlayBlock-based games and applications.
For Developers and Partners
- Developer-Friendly, EVM-Compatible Platform**: PlayBlock supports Solidity and provides comprehensive SDKs and APIs for efficient integration.
- Partnership and White-Label Solutions: Playnance Partners offers extensive support for businesses looking to expand their reach into Web3 through white-label solutions.
Playnance’s Vision: Driving Web3 Adoption from Web2 to Web3
PlayBlock and the Playnance ecosystem were developed to make Web3 accessible, scalable, and user-friendly,” said Pini, CEO of Playnance. “With offices in Ramat Gan, Israel, and Dubai, UAE, we’re committed to bridging Web2 users into the decentralized world through an ecosystem that combines zero-gas transactions, stablecoin reliability, and innovative blockchain technology.
About Playnance
Playnance, headquartered in Ramat Gan, Israel, with offices in Dubai, UAE, is a comprehensive Web3 ecosystem focused on transforming the user experience in trading, gaming, and DeFi. By integrating zero-gas transactions, USDP stablecoin, and EVM compatibility within the PlayBlock blockchain, Playnance is dedicated to creating a seamless, accessible transition to Web3 for a global user base.
For more information on PlayBlock and the Playnance ecosystem, users can visit PlayBlock’s official website or join PlayBlock’s community.
Contact
Founder,CEO
Pini Peter
Playnance
Pini@playnance.com
Cayman Islands, Cayman Islands, November 14th, 2024, Chainwire
Prosper, a decentralized protocol bridging institutional-grade Bitcoin mining power on-chain and aiming to unlock the potential of Bitcoin through liquidity farming, today announced a new investment in its native project token PROS by one of the leading cryptocurrency mining companies BIT Mining Limited (NYSE: BTCM).
Prosper’s new strategic focus on Bitcoin mining and the broader Bitcoin ecosystem has been well-received by the community. As part of this strategic change, Prosper partners with prominent industry players to obtain various services and products to deliver institutional-grade execution in managing its mining hashrate.
This investment from BIT Mining represents another significant validation of Prosper’s thesis by institutional backers. In addition to Prosper’s growing roster of top-tier industry partners and sophisticated financial investors (including a recently announced investment by Waterdrip Capital), Prosper’s value proposition also resonates with cryptocurrency mining companies that bring extensive experience in mining operations and a strong understanding of the ecosystem. This investment aligns with Prosper’s strategic direction and supports its new vision.
About BIT Mining Limited
BIT Mining (NYSE: BTCM) is a leading technology-driven cryptocurrency mining company with operations in cryptocurrency mining, data center operation, and mining machine manufacturing. The company is strategically creating long-term value across the industry with its cryptocurrency ecosystem. Anchored by its cost-efficient data centers that strengthen its profitability with steady cash flow, the company also conducts self-mining operations that enhance its marketplace resilience by leveraging self-developed and purchased mining machines to seamlessly adapt to dynamic cryptocurrency pricing. The company also owns 7-nanometer BTC chips and has strong capabilities in the development of LTC/DOGE miners and ETC miners.
About Prosper
Prosper is a decentralized protocol for a community that truly believes in Bitcoin, providing full exposure across Bitcoin hashrate and Bitcoin through bridging institutional-grade Bitcoin mining power on-chain, and aims to fully unlock the potential of Bitcoin. For more information, users can visit prosper-fi.com or follow on X (formerly Twitter).
Contact
Prosper
contact@prosper-fi.com
Miami, Florida, November 13th, 2024, Chainwire
Valhalla, Floki’s PlayToEarn Massively Multiplayer Online Role-Playing Game (MMORPG) blockchain game is proud to announce a partnership in the United Arab Emirates (UAE).
On Nov. 13, Valhalla unveiled a partnership with Dubai’s Mall of the Emirates, marking a milestone in its global outreach efforts.
The partnership will see Valhalla’s branding prominently displayed across 93 screens in the mall for a four-week campaign running from November 15 to December 12.
Mall of the Emirates, located in the heart of Dubai, is one of the world’s most prestigious shopping destinations. Since opening in 2005, it has become an iconic landmark, attracting millions of visitors each year. The mall sees daily traffic of approximately 111,500 people, making it a prime venue for Valhalla’s campaign to reach a diverse and international audience.
The mall’s strategic location on Sheikh Zayed Road, a prime area in Dubai, combined with its diverse visitor base, offers Valhalla an opportunity to engage both local and international audiences.
Spanning an area of 255,489 square meters, the multi-level mall boasts over 630 retail outlets, 80 luxury stores, and 250 flagship stores. It also features some of Dubai’s most popular attractions, including the indoor ski resort Ski Dubai, the Magic Planet entertainment center, and VOX Cinemas. The mall’s dining options, with over 100 restaurants and cafés, further enhance its appeal as a top destination for both residents and tourists.
The Campaign’s Goal
Valhalla is ramping up its presence in the UAE, a key market for crypto adoption.
Despite its smaller population, the UAE ranks as the third-largest crypto economy in the MENA region, with $34 billion in crypto transactions recorded between July 2023 and June 2024. This represents an impressive 42% year-on-year growth, far outpacing the MENA average of 11.73%, according to Chainalysis.
Dubai’s rapid evolution into a crypto hub has been fueled by initiatives like the Dubai International Financial Centre (DIFC) and Virtual Asset Regulatory Authority (VARA), which offer crypto-friendly regulatory frameworks. This has drawn major players and startups, solidifying Dubai’s status as a global crypto leader.
Valhalla’s campaign at Mall of the Emirates aligns perfectly with this momentum. By showcasing its brand in one of Dubai’s busiest and most iconic locations, Floki aims to boost awareness and adoption of its ecosystem.
This campaign follows Floki’s recent four-week marketing initiative at WAFI Mall in Dubai, running from November 8 to December 5, where its branding appears across 18 digital screens. Together, these efforts are part of Floki’s larger strategy to dominate the Dubai crypto scene.
About Valhalla
Valhalla is a blockchain-based MMORPG inspired by Norse mythology, offering players the chance to discover, tame, and battle with creatures called Veras. The game features a player-driven economy and a hexagonal battlefield designed for dynamic combat. Users can learn more at Valhalla.game.
About Floki
Floki is the people’s cryptocurrency and utility token of the Floki Ecosystem. Focused on utility, community, philanthropy, and strategic marketing, Floki is working toward becoming the world’s most recognized and used cryptocurrency. With over 490,000 holders globally, Floki has already established a strong brand presence. Users can learn more at floki.com.
Website | Youtube | Telegram | Instagram | Tik Tok | Discord | Facebook | Reddit | Twitch | Valhalla
Contact
Vidal
Pedro
Floki
Marketing@floki.com
Grand Cayman, Cayman Islands, November 13th, 2024, Chainwire
With a 70-year legacy of offering investment solutions across diverse industries and asset classes, privately held VanEck now provides millions of customers access to SUI
Investment firm VanEck has introduced a product representing SUI. VanEck, known for its financial products that provide access to Bitcoin, Ethereum, and Solana, now offers exposure to SUI, the token behind the groundbreaking Layer 1 blockchain recognized for its industry-leading performance and infinite horizontal scalability. This fully-collateralized financial instrument provides millions of investors access to SUI.
With the new offering from VanEck, millions can now access SUI without needing to hold SUI in a crypto wallet. VanEck holds the referenced SUI tokens in a regulated custodian environment covered by each note, ensuring that the product’s value tracks the underlying tokens’ value. Like other financial products, the new VanEck offering enables users to easily invest and divest.
The launch of VanEck’s SUI-backed product is the latest demonstration of institutional confidence in Sui, following notable on-chain developments. These include partnerships with services like Copper, Zero Hash and Fordefi and the integration of stablecoins such as USDC, AUSD, and the stablecoin-like USDY. Over the past year, Sui has experienced remarkable growth, with total value locked (TVL) increasing by 430% and DeFi volume surging by 692%. In August, 2024, in another show of support, Grayscale, one of the world’s largest crypto asset managers, launched its Grayscale® Sui Trust.
“We are excited to introduce this product as part of our growing portfolio of digital asset investment products,” said Menno Martens, Crypto Specialist and Product Manager at VanEck. “Sui’s proven track record and reputation as an industry leader, as well as its innovative and technological advancements, made this the next logical product to house in the portfolio. We believe this development will give investors a unique opportunity to access one of the most advanced blockchain networks available today.”
“The creation of this SUI-based product by VanEck is a pivotal moment for the Sui ecosystem and a significant vote of confidence in Sui’s technology and long-term vision,” said Gap Kim, Head of Marketing for the Sui Foundation. “VanEck is a trusted leader in the investment industry, and the decision to offer SUI as part of their product suite underscores the growing institutional interest in Sui.”
To learn more, visit https://blog.sui.io/vaneck-investor-product/ or https://www.vaneck.com/.
About Sui
Sui is a first-of-its-kind Layer 1 blockchain and smart contract platform designed from the ground up to make digital asset ownership fast, private, secure, and accessible to everyone. Its object-centric model, based on the Move programming language, enables parallel execution, sub-second finality, and rich on-chain assets. With horizontally scalable processing and storage, Sui supports a wide range of applications with unrivaled speed at low cost. Sui is a step-function advancement in blockchain and a platform on which creators and developers can build amazing user-friendly experiences. For more information about Sui, users can visit https://sui.io.
About VanEck
VanEck has a history of looking beyond the financial markets to identify trends that are likely to create impactful investment opportunities. VanEck was one of the first U.S. asset managers to offer investors access to international markets. This set the tone for the firm’s drive to identify asset classes and trends—including gold investing in 1968, emerging markets in 1993, and Exchange Traded Funds in 2006—that subsequently shaped the investment management industry.
Today, VanEck offers active and passive strategies with compelling exposures supported by well-designed investment processes. The firm’s capabilities range from core investment opportunities to more specialized exposures to enhance portfolio diversification. VanEck’s actively managed strategies are fueled by in-depth, bottom-up research and security selection from portfolio managers with direct experience in the sectors and regions in which they invest. Investability, liquidity, diversity, and transparency are key to the experienced decision-making around market and index selection underlying VanEck’s passive strategies
Since VanEck’s founding in 1955, putting its clients’ interests first, in all market environments, has been at the heart of the firm’s mission.
Contact
Sui Foundation
media@sui.io
Wilmington, Delaware, November 12th, 2024, Chainwire
Expanding the Warped Universe with Mysten Labs and Sui
Warped Games, an indie game studio consisting of web3 and veteran game developers who have a legacy in creating player-focused games like LEGO Universe, Jumpgate, and Dragons and Titans, is on a mission to onboard millions of players to expand the Warped Universe, an immersive blockchain-powered game where players’ actions and decisions shape the environment and influence each season’s direction. After extensive exploration, Warped Games selected Sui as the blockchain to support this ambitious vision, thanks to its player-friendly approach and innovations in the Move language.
The announcement of Warped Games becoming an official partner with Mysten Labs arrives at a pivotal moment for blockchain gaming. With games like “Off The Grid” making strides toward mainstream adoption, this new collaboration marks another significant step in expanding blockchain gaming’s reach to a wider audience.
James Wing, Head of AAA Gaming Partnerships for Mysten Labs, commented on the official partnership: “Warped Games embodies what is exciting about this industry – founders and products that are built with passion to boldly address the wants of modern gamers. We are tremendously excited to partner with our friends at Warped and aid them in their journey to pioneer a new age of games on Sui.”
Warped Universe: Empowering Players
Player empowerment is at the core of Warped Universe’s design. Here, players will be able to engage in PvE action in single-player or co-op mode, with an innovative multi-genre design giving players the flexibility to choose between turn-based or real-time genres across both ground and space gameplay. Players will also get to choose missions that influence the broader “meta-game,” affecting the balance of light and gravity for all, leading to wild and chaotic scenarios as each season aims to build a unique solar system in the Universe. This level of control redefines what it means to participate in a player-driven virtual world.
Breaking Barriers to Blockchain Accessibility
One of the largest obstacles facing blockchain adoption today is its intimidating complexity for newcomers. Traditional blockchain experiences involve managing seed phrases, navigating wallets, high fees, slow speed, and unfriendly, often intimidating transactions—barriers that can alienate potential users. Sui’s design eliminates these hurdles by offering a seamless, user-friendly blockchain experience required by games like Warped Universe, aiming to appeal to a mainstream gaming audience. With Sui’s zkLogin feature, players can access the blockchain and create wallets using familiar credentials, like passkeys or existing logins, removing the need for seed phrases and technical know-how. For those who prefer greater control, Warped Universe will also allow players to connect their own self-custodied wallets, giving them the option to manage their assets independently. This accessibility empowers users to focus on what matters most—the game experience itself.
Enhanced NFT Utility with Move
Sui’s Move language and object model empower Warped Universe to create NFTs that go beyond static assets, offering dynamic, context-rich tokens that evolve with each player’s journey. Sui treats each asset as an individual, on-chain object with unique IDs and customizable fields, allowing NFTs to reflect player progression and deepen in-game immersion.
Innovations extend to the use of closed-loop tokens for in-game purchases and season pass NFTs, which act as “time capsules”, allowing players to revisit exclusive content from past seasons. With each season in Warped Universe serving as a self-contained story arc, these season passes aren’t just NFTs—they’re gateways to the game’s evolving history, creating lasting value and enhancing player ownership.
Kiosk: Marketplace Re-Imagined
Kiosk is a decentralized system designed for commerce applications on the Sui network, similar to traditional markets where vendors sell goods or services from small, standalone booths. Just like in those markets, where individual sellers operate their own kiosks, owning the products on display and managing their own sales, with Kiosk, shared objects are owned by individual parties who store assets and may list them for sale as well as utilizing custom trading functionality, such as royalties and the ability to rent assets.
Walrus: Re-Defining Digital Ownership In Warped Universe
As Warped Universe expands, decentralized storage will play a crucial role in ensuring the authenticity and accessibility of in-game assets. Mysten Labs’ Walrus protocol is set to support this need, providing a secure and efficient way to store raw data and media files—such as images, audio, video, and other game assets—at low cost without compromising performance. Unlike traditional NFTs, which often store metadata off-chain on platforms like IPFS or AWS, Walrus enables both the NFT and its metadata to be stored in a decentralized manner. This integration introduces new ways for players in Warped Universe to experience genuine ownership of their digital assets, giving them the ability to store in-game captures or statistics, and creating a more immersive and reliable player-driven experience.
High Performance, Scalability, and Environmental Responsibility
In Warped Universe, players aren’t just playing a game; they’re building and defending entire solar systems each season, with their achievements and digital assets minted and transacted on-chain in the background. This model requires a blockchain capable of handling high transaction volumes both efficiently and affordably. Sui’s high throughput and low transaction costs make this possible, providing fast, cost-effective, and seamless on-chain transactions that support a robust gaming economy.
Sui also prioritizes environmental sustainability by using a delegated proof-of-stake (DPoS) consensus model rather than energy-intensive proof-of-work. With its efficient Directed Acyclic Graph (DAG) architecture, Sui can process large transaction volumes with minimal environmental impact—aligning perfectly with Warped Games’ vision of a sustainable, responsible gaming ecosystem.
“With Sui, we can create an immersive, evolving on-chain gaming ecosystem where players can own, modify, and evolve assets without compromising the gaming experience,” said Adam Straney, Managing Director at Warped Games. “This approach lets us build an interconnected universe on a blockchain that’s fast, scalable, and environmentally responsible, supporting our vision of an accessible, seamless player-owned economy. Gamers can focus on having fun, with blockchain as a supportive tool rather than the centerpiece.”
Looking Ahead with Warped Universe and Sui
Currently, the blockchain element in Warped Universe is the $WARPED token, an ERC-20 token designed to give holders a voice in game design, seasonal voting, discounts, potential rewards, and exclusives. While specific plans for the token’s future are yet to be announced, the Warped Universe team is committed to keeping current holders top of mind as they explore expanding to the Sui blockchain. Plans for the WARPED token, on-chain assets, skins, seasonal passes, and other elements will be shared in due time—stay tuned for updates.
As Warped Universe continues to develop, the teams at Warped Games and Mysten Labs are dedicated to working closely together to explore practical blockchain integration in games, enhancing player ownership, scalability, and immersive gameplay. Together, through Warped Universe and the Sui blockchain, they’re building a unique, player-driven experience that showcases the future of blockchain gaming.
- Epic Wishlist—https://store.epicgames.com/en-US/p/warped-universe-f1cedb
- Website — https://warped.games
- Discord — https://discord.gg/warpedgames
- Telegram — https://t.me/WarpedGames
- X — https://x.com/warped_games
About Warped Games
Warped Games is an indie game studio dedicated to creating immersive, player-driven gaming experiences with a focus on blockchain integration. Known for pushing the boundaries of web3 technology, the team behind Warped Games combines industry veterans from both gaming and tech to bring innovative worlds like Warped Universe to life.
About Mysten Labs
Mysten Labs is a technology company focused on advancing blockchain infrastructure to support next-generation applications. Founded by experts in distributed systems, Mysten Labs developed the Sui blockchain, a high-performance, user-friendly platform designed to make blockchain technology accessible and scalable for mainstream audiences.
Contact
Business Development
Reece Hubbard
Warped Games Inc
marketing@warped.games