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Bangkok, Thailand, October 31st, 2024, Chainwire

The Open AGI Summit, a pioneering conference exploring the intersection of Artificial General Intelligence (AGI) and decentralized technologies, is set to take place in Bangkok on November 14th, 2024. This event coincides with DevCon, a major blockchain developer conference, offering attendees a unique opportunity to engage with both communities. It is being supported by flagship partners Sentient, Polygon Labs, SCB 10X|SCBX, and Google Cloud, among others.

Decentralization: A Path to Safe and Ethical AGI

With the rapid advancement towards AGI, concerns regarding centralized control and potential societal risks are mounting. The Open AGI Summit aims to address these anxieties by exploring how decentralized, blockchain-powered governance models can foster safer, more transparent, and ethically aligned AI development.

The summit will also spotlight AI’s potential to drive innovation across diverse fields. By emphasizing collaborative efforts and the ethical dimensions of AI, this event aspires to chart a path toward a future where AGI serves as a tool for universal benefit and prosperity.

Leading Voices Unite in Bangkok

The summit brings together prominent figures from the fields of AI, blockchain, and web3. Confirmed speakers include:

• Pramod Viswanath, Sentient
• Sandeep Nailwal, Polygon
• Sreeram Kannan, Eigenlayer
• Tarun Chitra, Robot Ventures
• Illia Polosukhin, Near
• Juan Benet, IPFS

Sandeep Nailwal, a previous Open AGI Summit speaker, Co-founder of Polygon and Core Contributor to Sentient, states: “As AI continues to advance at an unprecedented rate, we face a critical decision. Do we allow a handful of corporations to dominate this powerful technology, creating a closed world where innovation is stifled and benefits are concentrated? Or do we choose a future where AI is open, transparent, and accessible to all, fostering a more equitable and prosperous society? Blockchain technology offers the promise of such an open world, ensuring that the benefits of AI are distributed fairly and that its development is guided by collective values.”

Joining the talented speaker lineup is Pramod Viswanath, a Forrest G. Hamrick Professor of Engineering at Princeton University, Core Contributor to Sentient, and a leader in wireless communication and blockchain technology. He was also a founding engineer at Flarion Technologies, where he co-invented technologies that laid the groundwork for 4G LTE networks, revolutionizing mobile internet speeds.

Expect discussions to encompass a range of critical topics, including technical advancements in AI safety research, decentralized governance structures for AI systems, and ethical considerations in AI development. Additionally, there will be a focus on emerging applications at the crossroads of AI and blockchain, highlighting the innovative synergy between these technologies. The summit aims to provide a comprehensive overview of the current state and future prospects of AGI, ensuring a thorough exploration of its potential impacts and challenges.

Fostering Collaboration: Academia, Industry, and Community

The Open AGI Summit seeks to bridge the gap between academic advancements, industry expertise, and the vibrant decentralized AI community. The event fosters collaboration toward the shared goal of responsible AGI development. This convergence of talent and ideas not only accelerates innovation, but also ensures that AI technologies are built with a firm commitment to ethical principles and societal benefit.

About The Open AGI Summit

The Open AGI Summit is a platform for exploring the intersection of AI and decentralized technologies. We believe that transparent and open-source AI development, empowered by blockchain, is essential for a future of safe and beneficial AGI.

Learn more about Open AGI Summit here: https://openagi.xyz

About Sentient

Sentient is creating a community-built Open AGI platform. Sentient’s team is composed of leading web3 founders, builders, researchers, and academics who are committed to creating trustless and open artificial intelligence models.

Learn more about Sentient here: https://sentient.foundation

Contact

MarketAcross
pr@marketacross.com

Tokyo, Japan, October 31st, 2024, Chainwire

Mawari Network, a spatial computing DePIN (Decentralized Physical Infrastructure Network), has announced a limited node license sale. Already a pioneer in immersive content, the node sale will make Mawari’s 3D streaming technology more scalable and accessible for content creators and developers. This node sale will help create a global, decentralized spatial computing infrastructure as the market for extended reality devices like the Apple Vision Pro, Meta Orion, and Meta Quest 3 is projected to reach more than 100 million units in the next five years. As demand for immersive experiences grows, Mawari is building a network that can grow with it. 

Mawari’s infrastructure is optimized for the demanding needs of immersive experiences, positioning Mawari as a key actor in the emerging multibillion-dollar spatial computing market. Called “a sleeping lion” by Samsung Next, Mawari is redefining and building the future of spatial computing. Its solution comprises the Spatial Streaming SDK and the Mawari Network. The SDK, supporting the Unity and Unreal engines, empowers developers to create seamless, immersive experiences. The Mawari Network, working in parallel, leverages a globally distributed network of GPU nodes to ensure low latency and optimal performance. The node license sale’s objective is to help scale the network, optimize its global performance, and ensure its resiliency.

“This node sale allows node operators to help bring 3D content to the world, and be rewarded for their efforts,” Luis Oscar Ramirez, Mawari’s Founder & CEO said. “The current cloud services didn’t allow us to scale our proprietary spatial streaming technology, we researched ways to scale immersive content and found DePIN was clearly the best option. Now, we can allow our global community of node operators to participate in building out our critical node network alongside our community of developers and content creators.”

Mawari has worked with industry leaders, such as Deutsche Telekom, KDDI, Telefonica, Magic Leap, Netflix, Qualcomm, T-Mobile and dozens of other clients. The Solana Foundation recently selected Mawari for a grant, endorsing its roadmap for decentralized spatial computing. Backed by investors including Anfield LTD, Borderless Capital, 1k(x), and Samsung Next, and with veteran DePIN and web3 operator, Sean Carey, a co-founder of Helium, also joining its board, Mawari is the clear category leader. 

Node Sale Details

The node sale is scheduled for Q4 2024, building out the Mawari Network’s ability to perform compute-intensive tasks and efficiently deliver immersive 3D content on a global scale. The Mawari Network will be leveraging specialized GPUs around the world for advanced computation and streaming tasks, but a set of Guardian Nodes are needed to verify their work and the performance of the network overall as it serves multiple simultaneous immersive experiences. The node sale is for licenses to operate these critical Guardian Nodes.

More specifically, Guardian Nodes’ responsibilities include assessing critical performance indicators like latency, bandwidth, and content quality to maintain the high standards necessary for immersive, real-time experiences. By monitoring the Mawari network, the community-run Guardian Nodes will make it more performant and more resilient, ensuring it can scale securely as it grows.

Details of the node license sale will be announced soon.

About Mawari

Mawari is setting the standard for decentralized spatial computing and immersive content delivery. The Mawari Network powers real-time streaming of immersive content through a global network of compute nodes. Mawari is optimizing XR for awe, creating unforgettable experiences and revolutionizing how creators engage audiences at scale.

Mawari Network built the foundational technologies to power the next generation of interactive media, fully realizing the possibilities of virtual worlds existing seamlessly alongside our physical reality. Its core technology, the Mawari Engine and Spatial Streaming SDK, runs on the Mawari Network — the world’s first and only DePIN (Decentralized Physical Infrastructure Network) that orchestrates storage, bandwidth, and rendering in real-time for spatial computing.

Bypassing the rendering limitations of existing mobile devices and content delivery networks, Mawari’s global network of compute nodes has already powered activations from digital fashion shows to concert visualizations. The Mawari Network’s peer-to-peer architecture was purpose-built to scale spatial media streaming requirements with a community-centered ethos.

Website: https://mawari.net/

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

Discord: https://discord.gg/mawari

Contact

Will Haskins
will@serotonin.co

Vilnius, Lithuania, October 31st, 2024, Chainwire

Nexo redesigns its innovative solutions for long-term digital wealth building with 24/7 advanced client care on Bitcoin Whitepaper Day. 

Nexo, a leading digital assets institution, today announced its major rebrand and platform redesign, marking its evolution from a crypto lending pioneer to the first comprehensive and compliant digital assets wealth platform. Unveiled on Bitcoin Whitepaper Day, this step reflects Nexo’s growth and broader strategic vision for empowering forward-thinking investors to grow, preserve, and utilize their wealth. 

Following 20 months of client research across 5,000 users in 23 countries, Nexo’s revamped platform – with a new logo, website, and enhanced user interface – responds to the growing demand for sophisticated, yet flexible digital asset solutions. This evolution aligns with the needs of those who recognize the power of cryptocurrencies to create long-term value, as Nexo continues on its mission to drive the next generation of wealth.

Nexo evolves with the maturing crypto landscape

“Our ‘Wealth Forward’ philosophy positions us as the first major crypto company to make a strategic move to a comprehensive digital asset wealth platform. We focus on providing independent, savvy investors with smarter and more flexible ways to grow and access their wealth in the digital asset space,” said Kosta Kantchev, Co-founder and Executive Chairman of Nexo.

The digital asset landscape has rapidly evolved from a niche to a transformative force in the financial sector, underscored by the approval of Bitcoin spot ETFs. This momentum is reflected in the growing interest in digital assets: 65% of institutional investors are ready to enter the market while 72% of retail investors view digital assets as essential for wealth-building.

Nexo has been at the forefront of this evolution. With a robust business model and diverse offerings, Nexo has earned the trust of both retail and institutional investors across more than 200 jurisdictions. Its impressive track record – over $320 billion in processed transactions, $8 billion in crypto credit issued, and $945 million in interest paid out – cements its new direction: shaping the next generation of wealth.

A new look for a new era

Nexo’s new brand and visual identity reflect its mature, focused direction, namely “Driving the next generation of wealth” – in line with the discerning nature of crypto holders.

The revamped identity integrates movement and precision, symbolizing Nexo’s commitment to client prosperity and forward-thinking solutions. Central to the upward-flowing logo pattern are two key concepts: human resilience – represented by a spiral – nods to the perseverance and adaptability inherent in human DNA, and exponential growth – captured by mathematically precise diagonals – shows the boundless opportunities of digital assets.

Inspired by the modern, active lifestyle of Nexo’s clients, the new identity blends soft greys and beiges with energetic greens to capture today’s opportunities. Flowing patterns and precise elements convey both flexibility and security, resonating with Nexo’s clientele which demands innovation and reliability in managing their wealth.

“Our new visual identity mirrors Nexo’s evolution into a sophisticated digital assets wealth platform,” said Elitsa Taskova, CPO of Nexo. “Going forward, we are focusing on hyper-personalized, white-glove service, offering autonomy and flexibility within an intuitive product suite with the tools and expertise to help you thrive. As digital assets merge with traditional investments, Nexo stands ready to guide you, providing compliant opportunities for growth and long-term value.”

Platform evolution: a suite for the forward-thinking investor

After 20 months of client research, Nexo’s survey of 5,000 users across 23 countries revealed that 67.9% of high-net-worth individuals view digital assets as long-term wealth solutions, while 69% of Bitcoin holders see it as a durable store of value. This reflects a significant shift in how sophisticated investors approach wealth, increasingly favoring digital-first tools and a seamless, omnichannel ecosystem for 24/7 access.

Nexo’s 360° product suite aligns perfectly with these demands and offers:

• Savings Growth: Flexible and fixed-term yield options, including Dual Investment, are accessible 24/7 across all devices. 
• Advanced crypto tools: crypto-backed Credit Lines, 1,500 market pairs, crypto Futures, Target Price Swaps, and advanced analytics enable alternative growth opportunities. 
• Global Access: liquidity and seamless spending options, ensuring access to funds via the Nexo Card.

In addition, the Nexo platform empowers its clientele with tiered loyalty rewards and bespoke services for high-net-worth clients with 24/7 client care teams.

Looking ahead, Nexo is evolving its suite of digital asset wealth tools with a strong focus on compliance and security systems built for long-term stability. The company continues to pursue strategic partnerships and international expansion, solidifying its position as the world’s leading digital assets wealth platform.

For more information about Nexo’s ‘Wealth Forward’ strategy, users can visit https://nexo.com/brand.

About Nexo

Nexo is a premier digital assets wealth platform empowering clients to grow, manage, and preserve their crypto holdings. Our mission is to drive the next generation of wealth by prioritizing customer prosperity and delivering tailored solutions for building long-term value, supported by 24/7 client care. 

Since 2018, Nexo has been delivering unmatched opportunities to forward-thinking clients across more than 200 jurisdictions. Our all-in-one platform combines cutting-edge technology with a client-centric approach, offering high yields on flexible and fixed-term savings, crypto-backed loans, advanced trading tools, and liquidity solutions through the first debit/credit crypto card. Backed by deep industry expertise, a sustainable business model, robust infrastructure, security, and global licensing, Nexo champions innovation and long-lasting prosperity.

Official website: nexo.com

Note: Some of the products and services are unavailable to citizens or residents of certain jurisdictions, including where restrictions may apply.

Contact

Nexo Communications Team
Nexo
pr@nexo.com

San Francisco, USA, October 31st, 2024, Chainwire

Tony Vejseli, Figure Markets Holdings Inc., and GXD Labs, LLC (collectively “the Group”) today issued a statement to address recent developments following a meeting held on October 28 at White & Case’s Midtown Manhattan offices, where the Group met with the board of directors (the “Board”) and management team of Ionic Digital, Inc. (the “Company” or “Ionic”). The Group thanked White & Case for hosting the discussion but noted a need for clarification following the Company’s summary of the meeting in a press release, which they believe misrepresented several key points.

In response to Ionic’s statement regarding its affirmation of “strong momentum” and its “laser-focus” on implementing its strategic initiatives, the Group raised concerns over the Board’s apparent lack of knowledge of core operating metrics. They highlighted that the Board appeared unprepared to discuss any aspects of its financial or operational performance, including by answering any of Mr. Vejseli’s questions as described in his post on X, leading to questions about the Company’s competitive position and valuation. The Group also expressed skepticism about Ionic’s ability to complete its audit, initially expected in early 2024 and now anticipated by Q1 2025 according to the Company, within the announced timeframe due to the apparent lack of available financial information, including the Company’s EBITDA and expenses.

The Group indicated that alternative liquidity options for shareholders were discussed, yet they felt these options had not been fully explored or evaluated by the Board. The Group also raised concerns over Ionic’s contract with Hut 8, noting that, although it had presented a proposed solution, no alternative path forward was discussed by the Board or management.

During the meeting, the Group outlined a proposed plan for refreshment of the Board, specifically suggesting the resignation of three current board members—Scott Duffy, Tom DiFiore, and Emmanuel Aidoo – to be replaced by three new, independent directors with the requisite experience and skill sets. The proposal, supported by a detailed presentation, emphasized the need for strategic and experienced leadership to better align the company’s actions with shareholder interests.

Shareholders are encouraged to review the proposal and consider supporting a special meeting to vote on board changes.

About Figure Markets

Figure Markets is democratizing finance through blockchain. We’re building the exchange for everything – a decentralized custody marketplace for crypto, stocks, bonds, credit and more. We’re bringing best-in-class leverage, margining, and liquidity to our exchange, while offering our members extensive borrowing options and unique investment opportunities. Figure Markets puts our members in control of their assets and data, disintermediating legacy brokers, exchanges and lenders.

Figure Markets is backed by leading venture capital firms and strategic partners, including Jump Crypto, Pantera, Distributed Global, Faction Lightspeed, NewForm Capital and CMT Digital. Figure Markets was founded by a seasoned team of entrepreneurs and operators from TradFi, fintech, and DeFi, including Mike Cagney and June Ou.

Users can learn more at www.figuremarkets.com.

Contact

Director, Marketing
Paula Machado Jackler
Figure Markets
press@figuremarkets.com

New York, United States / New York, October 30th, 2024, Chainwire

=nil; Foundation is launching a general-purpose Ethereum L2 powered by zkSharding that blends the scalability of appchains with the composability of a monolithic chain

=nil; Foundation, the tenured team behind =nil;, an Ethereum L2 powered by zkSharding, today announces the launch of Testnet v1. Following the successful Devnet launch in July, Testnet v1 is a key milestone on the =nil; product roadmap. This release includes several protocol upgrades, DevEx improvements, and concrete examples of using the network, including porting and integrating Uniswap V2 code to show how DEXs can work in sharded environments. Developers can learn about all the upgrades here and get involved by joining Testnet v1 here. 

=nil; is a general-purpose Ethereum L2 powered by zkSharding, an architecture inspired by Ethereum’s original vision for sharding, revitalized by zero-knowledge technology. Through zkSharding, =nil; enables application developers to access the scale of appchains with the composability of a monolithic chain. The team behind =nil; has been in the crypto ecosystem for almost a decade researching zero knowledge technology and are behind native tools such as Proof Market, zkLLVM, and Placeholder. 

This news follows the recent announcement of Avi Zurlo stepping up as the new =nil; Foundation CEO. Avi previously served as the Foundation’s CPO for nearly a year before becoming CEO and formerly led investments at Delphi Digital for 25+ early-stage crypto projects. =nil; Foundation is currently backed by key investors including Polychain Capital, Blockchain Capital, IOSG Ventures, and others. 

“Fragmentation in Ethereum’s L2 ecosystem is holding back the network’s potential. With =nil;, we’re cutting through that complexity,” said =nil; Foundation CEO Avi Zurlo. “Ethereum’s future is clear, and =nil; is committed to ensuring it thrives through zkSharding. By enabling both scalability and composability, zkSharding is a viable path forward for future generations seeking more equitable technology.”

Testnet v2 and Testnet v3 are planned to launch in Q2 and Q3 next year.  

“Since the early days of =nil; Foundation, our goal has been to overcome the trade-off between scalability and composability on Ethereum,” said Konstantin Lomashuk, Co-Founder of =nil; Foundation. “After years of research and development, zkSharding is the solution we envisioned. =nil; is the result of that work, empowering developers to build applications that scale without losing the seamless interaction Ethereum was meant to deliver.”

Users can join the Testnet v1 and follow =nil; Foundation on X or on Telegram to get the latest news, leading ZK research, and chances to join the team in building the future of scalable, trustless systems.

About =nil; Foundation

Founded in 2018, =nil; Foundation is the tenured team behind =nil;, a general-purpose Ethereum L2. =nil; is powered by zkSharding, an architecture inspired by Ethereum’s original vision for sharding, revitalized by zero knowledge technology. =nil; enables application developers to access the scale of appchains with the composability of a monolithic chain.

Contact

PR Consultant
Margaret Hyde
=nil; Foundation
Margaret@mhconsulting.io

Cranford, US, New Jersey, October 30th, 2024, Chainwire

The partnership introduces a breakthrough in decentralized cloud storage, ensuring cost-effective, resilient, and secure backup solutions for enterprise-grade data management.

DeStor, a leader in decentralized storage solutions, has partnered with Impossible Cloud to introduce advanced decentralized cloud backup solutions. The collaboration provides businesses with robust, enterprise-grade storage that combines the transparency and security of decentralized architecture with unparalleled cost efficiency and performance.

DeStor Cloud Backup solutions are designed for enterprises requiring high-volume, secure, and scalable storage for big data, backups, and archives. By leveraging the power of decentralized technology, businesses gain unprecedented control over their data, avoiding the vulnerabilities of centralized systems and reducing costs by up to 80% compared to traditional cloud providers.

“Partnering with DeStor brings our decentralized storage capabilities to a wider range of enterprises looking for reliable, cost-effective, and highly secure data management solutions,” said Christian Kaul, Co-Founder and COO of Impossible Cloud. “Together, we are delivering the next generation of cloud backup solutions designed to meet the rigorous demands of today’s businesses.”

With the seamless integration of Impossible Cloud into existing Storage Area Networks (SANs) and backup infrastructures, businesses can leverage their current resources without disruption. DeStor Cloud Backup solutions support popular NAS backup systems like QNAP Hybrid Backup Sync and Synology Hyper Backup, enabling decentralized storage for critical data.

“With DeStor Backup powered by Impossible Cloud, businesses can now integrate decentralized backup seamlessly into their existing infrastructure,” said Jennifer King, Co-Founder and CEO of DeStor. “Whether through SANs, NAS systems, or leading backup platforms, our goal is to provide flexible, secure storage options that ensure long-term data integrity and compliance.”

DeStor Backup solutions are optimized for big data applications and are fully S3 API compatible, making integration simple and allowing businesses to switch effortlessly from other cloud providers. In addition, by eliminating costly egress fees, DeStor Backup offers scalable storage that’s as flexible as it is affordable.

About DeStor

DeStor is a leader in decentralized storage solutions, harnessing blockchain technology to deliver secure, scalable, and verifiable enterprise-grade storage services. By seamlessly integrating Web3 technologies with enterprise applications, DeStor empowers data owners to easily try decentralized storage through effortless drag-and-drop solutions or access white-glove consulting services, solving business challenges to deliver tangible outcomes. Committed to integrity, clarity, and expertise, DeStor is redefining the future of data storage. For more information, or to upgrade to DeStor, visit https://destor.com | LinkedIn | X

About Impossible Cloud

Impossible Cloud is a revolutionary cloud platform that offers decentralized, multi-service cloud solutions. The platform is based on web3 technology and decentralized infrastructure, which allows it to be scalable, secure, and cost-effective. With just a single line of code, customers can access Impossible Cloud’s cloud storage service. To learn more, please visit https://www.impossiblecloud.com

Contact

Co-founder & CEO
Jen King
DeStor
jen@destor.com

Los Angeles, United States, October 30th, 2024, Chainwire

Xsolla, a global video game commerce company, announces plans to launch Xsolla ZK and introduce a digital backpack of virtual items on the blockchain. Xsolla ZK is powered by ZKsync technology and will drive the continuous growth and expansion of Web3 technologies to further develop solutions on the blockchain for the video game industry.

Xsolla ZK will become part of the Elastic Chain ecosystem- an expanding constellation of interconnected chains powered by Zksync, an Ethereum Layer 2 zero-knowledge roll-up technology. Xsolla ZK will also introduce its ‘digital backpack’ for game developers, item creators, and gaming infrastructure providers to store and manage in-game items. Xsolla has seen success in the gaming industry, with two decades of experience, over 2,500 games monetized with its products, and over 1,000 developers and publishers utilizing its technology for their games. 

Lee Jacobson, Senior Vice President of Business Development Web3 at Xsolla, expressed his enthusiasm for the project: “Xsolla ZK leverages Ethereum Layer 2 zk Rollup technology to create a digital backpack for game developers. By deploying our expertise on the ZKsync Elastic Chain, we provide game developers with a scalable and pioneering solution aligning with the economic models with which they are familiar. Xsolla ZK is not just about innovation; it’s about creating real value for the gaming community.”

Xsolla will combine its expertise in in-game commerce with ZKsync’s cutting-edge blockchain technology. Rich Kim, Head of Gaming at Matter Labs, said, “We are thrilled to see companies like Xsolla launch pioneering projects for Web3 gaming. For gaming ecosystems to thrive, it’s critical to close the gap for both users and builders; builders need proven, plug-and-play infrastructure to launch rich features while handling the performance required by mass usage games. Additionally, users need easy-to-use and convenient in-game features and payment options that can be leveraged across a broad ecosystem of games. Xsolla ZK is carving a path for gaming to transition and thrive in Web3.”

About Xsolla

Xsolla is a global video game commerce company with a robust and powerful set of tools and services designed specifically for the industry. Since its founding in 2005, Xsolla has helped thousands of game developers and publishers of all sizes fund, market, launch, and monetize their games globally and across multiple platforms. As an innovative leader in game commerce, Xsolla’s mission is to solve the inherent complexities of global distribution, marketing, and monetization to help their partners reach more geographies, generate more revenue, and create relationships with gamers worldwide. Headquartered and incorporated in Los Angeles, California, with offices in Montreal, London, Berlin, Beijing, Guangzhou, Seoul, Tokyo, Kuala Lumpur, Raleigh, and other cities around the world, Xsolla supports major gaming titles like Valve, Take-Two, KRAFTON, Nexters, NetEase, Playstudios, Playrix, miHoYo, and more. 

About the Elastic Chain

The Elastic Chain is an ever-expanding cluster of ZK rollups, secured by cryptography and designed for native interoperability with a unified, seamless user experience. The Elastic Chain delivers the functionality of a multi-chain ecosystem with the simplicity of a single blockchain, enabling scalable, secure, and efficient transactions. These core components ensure that this cluster of ZK Chains can interact and transact with each other efficiently, inheriting the security of Ethereum and forming a network that can scale horizontally without compromising on the core properties that make blockchains so powerful.

For more information about Xsolla ZK and how to get early access, users can visit: xsolla.pro/zk

For additional information and to learn more, users can visit xsolla.com.

For additional information and to learn more, users can visit matter-labs.io.

Contact

Global Director of Public Relations
Derrick Stembridge
Xsolla
d.stembridge@xsolla.com

Dubai, UAE, October 29th, 2024, Chainwire

PAID Network ($PAID), a leading decentralized token crowdfunding platform, is thrilled to announce the launch of an exclusive Low FDV Community Offering (LCO) for Blast Royale, a Tier 1 blockchain game backed by industry giants such as DragonFly Capital, Mechanism Capital, and Animoca Brands. With over 1 million app downloads, 30,000+ daily active users, and a vibrant community exceeding 220,000 members, Blast Royale aims to make a significant impact in early November through PAID’s platform alongside over a dozen other projects that have committed to this initiative. 

Pioneering a Community-First Investment Model

In a move set to redefine the blockchain investment landscape, PAID Network is introducing a first-of-its-kind community-centric investment model that, according to PAID, directly addresses the longstanding issues of low float and high Fully Diluted Valuations (FDVs). By offering Blast Royale at a low $10 million FDV—substantially lower than the last round at $48m FDV —PAID is putting the community at the forefront, ensuring early investors have the potential for wealth generation at a large discount compared to other rounds. (Blast Royale’s previous rounds led by Animoca Brands, & Mechanism incl. 2022 FDV of 33.7M and Early 2024 FDV of 48M).  

Kyle Chassé, Founder of PAID Network, stated:

“Crypto has drifted away from what really matters—empowering the community. The Low FDV Community Offering (LCO) flips the script, giving real people a shot at serious upside without the insane valuations or pump-and-dump hype. This is about getting back to the core of why we’re here: creating opportunities for everyone to win and be part of something bigger.”

Addressing the Low Float High FDV Issue

According to PAID Network’s data, the traditional “low float, high FDV” model has been a persistent problem in the Web3 space. Projects often launch with a small circulating supply (low float) and an inflated FDV, leading to:

• Imbalanced Token Distribution: Early venture capitalists hold large portions of tokens, leaving retail investors at risk of being sold on by large holders.
• Price Volatility: Limited token availability can cause extreme price fluctuations, making the tokens unstable and discouraging market participation. 
• Community Disengagement: Retail investors feel disadvantaged, leading to decreased trust, participation, and poor community sentiment.

PAID Network’s LCO model is designed to solve these issues by:

• Offering Lower FDVs: By securing project offerings at significantly reduced valuations, the community gains access to investment opportunities that were previously out of reach.
• Ensuring Fair Token Distribution: The LCO promotes wider token distribution among community members, fostering a more balanced and stable market.
• Aligning Incentives: Projects benefit from an engaged community committed to long-term success rather than short-term speculative gains with the goal of bringing back strong community associations.

Users can register here for the sale starting on the 6th/7th Nov: https://link.paidnetwork.com/Register  

A Major Rebrand Reflecting Community-First Values

Alongside the LCO for Blast Royale, PAID Network has undergone a transformative rebrand and UX/UI overhaul. This evolution reflects PAID’s commitment to being a community-first crowdfunding platform, emphasizing a theme of financial freedom and prosperity for all.

New Site

Commenting on the vibrant new identity, Kyle added:

“We believe crowdfunding should be exciting, rewarding, and inclusive. Our new brand reflects that vision, and we’re eager to have both seasoned crypto enthusiasts and newcomers join us on this journey.”

Innovative Features Enhancing the Crowdfunding Experience

By pioneering a community-centric investment model, PAID is working to redefine the crowdfunding landscape through its several groundbreaking features in their upcoming updates, including:

• Gamified Crowdfunding: Leaderboards, challenges, and rewards allow retail investors to earn perks by actively participating.
• Account Abstraction: Simplifies onboarding for non-crypto natives, removing the complexity of crypto wallet management.
• Community Impact Score: A merit-based ecosystem where holders of PAID’s native token and projects launched earn points to access exclusive rewards & opportunities.
• Real-Time State of $PAID economy: Users can track the $PAID Flywheel and the upcoming buy-back, burns, and airdrops in real-time.
• Multi-Chain Single Click Swaps: Seamless cross-chain integration makes trading and investing more accessible than ever.
• Community Fund: PAID’s DAO will be launched to empower the community with key voting and decision-making responsibilities regarding future project investment opportunities.

[Features to be rolled out Q4 2024]

About PAID

Founded in 2021, PAID is a decentralized crowdfunding platform that connects innovative projects with investors. By ensuring a secure, transparent, and community-first crowdfunding experience, PAID has become the leading global investing platform for Web3 projects. To date, PAID has facilitated over $35 million in capital across 110 investments and is integrated with over ten blockchain networks. With a thriving community of over 250,000 members, users can stake the $PAID token to unlock various benefits, including rewards, buyback & burn mechanisms, and governance participation. The $PAID community fund invests in exclusive early-stage deals, distributing returns to loyal users.

PAID Socials

X | Telegram Community Channel | Telegram Announcement Channel | Discord | Medium 

Contact

Justin Chevalier
Justin@paidnetwork.com

New York, United States of America, October 29th, 2024, Chainwire

Student Coin, an educational crypto project established in 2019, has initiated a structured token redemption process following the decision to wind down its primary operations. This move aims to protect the interests of STC token holders as the team transitions its focus towards new ventures.

Originally launched by undergraduates from Kozminski University in Warsaw, Poland, Student Coin began as a student-focused initiative designed to explore blockchain applications in academia. The project quickly expanded, reaching over 15,000 students at more than 500 universities by the end of 2020. Throughout its development, Student Coin introduced various products, including the STC Wallet, STC Terminal, STC Academy, and Coinpaper, which supported blockchain education and fostered community engagement.

Following the success of its 2021 STC Launchpad, the project experienced continued growth, culminating in a user base of over 200,000. However, as the crypto market evolved, the team faced challenges ranging from legal obstacles and university resistance to the collapse of major exchanges, all of which impacted its operational outlook.

Challenges and Strategic Reassessment

Despite significant milestones, Student Coin encountered mounting difficulties in achieving its goals. Efforts to scale the STC Wallet as a multi-functional exchange faced legal risks and the collapse of exchanges like FTX forced a rethink. Attempts to expand the STC Terminal were met with resistance from institutions wary of token-based applications. By 2023, it became evident that scaling $STC to meet its desired utility and market value was increasingly difficult.

After careful consideration, the Student Coin team opted to phase out products such as the STC Terminal, STC Academy, and other initiatives. This decision reflects the company’s intention to act responsibly by redeeming $STC tokens instead of continuing with limited prospects for growth.

The decision was made to distribute all remaining project funds between token holders, ensuring that through winding down the token, everyone receives fair compensation based on their individual situation.

The established redemption prices range between $0.006 and $0.0137 per STC Token and are tailored to individual user profiles. Factors such as purchase price, purchase date, token holdings, and participation in programs like the Premium Program influence the final redemption value. This tiered system rewards those who have been with the project from the start and actively engaged with the Student Coin ecosystem.

Image: STC token’s historical price index along with the major events affecting its fluctuations.

STC Token Redemption Process

Student Coin’s token redemption program began on April 9, 2024, with an initial window for STC Wallet users that closed on June 9. An additional deadline for redeeming tokens via redemption request on October 9, 2024, marks the closure of the STC Wallet, while on-chain token holders have time until April 9, 2029, to redeem their tokens. This extended timeline accommodates the shutdown of on-chain support and ensures ample opportunity for token holders to complete the redemption process.

On-chain holders can transfer tokens to a designated burn address. Users should expect a processing time of up to three months to receive the USDC back to the address. 

Keep in mind that USDC can only be sent to the address that burned $STC. Users cannot receive USDC at any other address. Furthermore, it is extremely important to remember that users cannot send $STC to the burn address directly from an exchange, as they would lose all of their funds.

Read the detailed on-chain burn procedure.

About Student Coin

Founded in 2019 by a group of university students in Warsaw, Poland, Student Coin sought to harness blockchain technology for educational and community-building purposes. Initially targeting students and academia, the project grew to encompass a global community of over 200,000 users and introduced products such as the STC Wallet, STC Terminal, STC Academy, and Coinpaper. Focused on accessible blockchain education and tokenized solutions, Student Coin rapidly expanded to more than 500 universities worldwide. As the project winds down, the team remains committed to supporting the community through a comprehensive token redemption program and plans to pursue new initiatives in the crypto media sector.

For more information, please visit StudentCoin.org.

Contact

Coinpaper
contact@coinpaper.com

Las Vegas, United States, October 29th, 2024, Chainwire

Solana storage scaling solution Xandeum has confirmed details of its forthcoming token launch and storage-enabled liquid staking program. On October 29, 16:00 UTC, the XAND token will officially launch, offering the Xandeum community a way to participate in the network and earn rewards.

The XAND token and LST launch will be accompanied by the first Xandeum airdrop that will see 60M tokens issued to eligible users on October 29. A number of centralized and decentralized exchanges have committed to supporting the XAND token launch including Raydium and MEXC.

The Xandeum DAO is the vehicle that powers both the Xandeum scalable storage layer that is currently being built, as well as the storage-enabled liquid staking solution launching October 29. The DAO captures both of these, which is a unique feature among such platforms. The XAND token offers complete governance over that DAO, which makes XAND one of the most utility-rich tokens on Solana.

XAND rewards for early stakers of SOL into the storage-enabled liquid staking platform at https://stake.xandeum.network will get 10x boosted XAND rewards which will result in ludicrous amounts of XAND rewards during the hyperdrive stage, defined as the stage when the pool has less than 30,000 SOL staked. The LST also carries another major innovation: It is the first multi-validator LST on Solana that programmatically shares block rewards.

Xandeum’s forthcoming storage solution will allow Solana programs to scale through enabling dapps to access exabytes of data. This will support new use cases, like porting data-rich web2 apps to fully decentralized web3 versions. Xandeum solves the blockchain storage trilemma, being scalable, random access, and smart contract native at the same time. In order to demonstrate these capabilities, a dapp named Xandipedia is being worked on – a fully decentralized version of Wikipedia.

Xandeum’s smart contract native scalable storage layer has been designed to integrate directly into Solana RPC nodes. Data storage is offloaded to a network of decentralized pNodes (storage provider nodes) overseen by Xandeum-aware Solana validator nodes. This will enable Solana dapps to access virtually unlimited storage that can be queried rapidly while maintaining a high degree of decentralization.

About Xandeum

Xandeum is a storage scaling solution for Solana and the world’s first storage-enabled liquid staking platform. Powered by the XAND token, Xandeum is on track to launch its storage provider network in early 2025, delivering a breakthrough in decentralized Solana storage that will power a new wave of dapps.

Learn more:

https://www.xandeum.network 

Contact

Founder
Bernie Blume
Xandeum Labs
hello@xandeum.com