SEC - Page 71

Willemstad, Curaçao, Netherlands, October 17th, 2024, Chainwire

New data from Cloudbet, a leading crypto casino and sportsbook, reveals that the emergence of newer, faster cryptocurrencies like Solana, Polygon, and Tron, are not as popular as mainstream coins for online gambling. The platform data suggests that gamblers prefer established cryptocurrencies such as Tether (USDT), Bitcoin (BTC), and Ethereum (ETH).

Year-to-date data shows that USDT accounted for 47.3 percent of the platform’s total turnover, across more than 35 cryptocurrencies. Bitcoin claimed a 28.9 percent share followed by Ethereum at 11.5 percent. 

Altcoins with speedier transaction times, like Solana (SOL), Litecoin (LTC), Ripple (XRP), and Tron (TRX), are growing in usage but are still lagging behind.

A company spokesperson highlighted, “After looking over the data, it was one of those moments where you’re just like, ‘Crypto gamblers. They’re just like us.’ The same concerns about volatility or price fluctuations bond every crypto holder, whether you bet or not.”

In June 2024, Cloudbet released an innovative new rewards program, awarding users in USDT without rollover restrictions. This month, the company released a second iteration of Cloudbet Rewards which now awards users in the cryptocurrency of their choice. For the majority of users, this will still be USDT, but it gives Cloudbet users the financial flexibility to play with more coins.

“We’re interested to see how users will take advantage of the versatility of the rewards program,” says a Cloudbet spokesperson. “While the first iteration has clearly been a hit with our users and has accelerated the shift toward this next quarter, we might find that users start betting with PONKE or other memecoins as a way to lean into alternative crypto projects, especially if they’re bullish on their potential.”

Since its founding in 2013 as the first licensed Bitcoin casino, Cloudbet has had a front-row seat to the evolution of crypto gambling preferences. “After nearly a decade in the space, we’ve seen the market mature,” the spokesperson shares. “Stability is the watchword now for the lion’s share of crypto gamblers.”

“Volatility is a key metric, not just for crypto trading but for crypto gambling. Increased liquidity, more robust blockchain security, among other strategies, can effectively manage and reduce a coin’s volatility. Gamblers using volatile coins can feel like placing a bet, only to see your winnings diminish with a price drop,” adds the Cloudbet spokesperson.

About Cloudbet

Cloudbet is a proud pioneer of crypto betting. 

Since its launch in 2013, as the world’s first crypto-friendly sportsbook and casino, Cloudbet has served hundreds of thousands of users and taken millions of bets, establishing a reputation as the most trusted, secure, and VIP-friendly brand in crypto gaming. 

Cloudbet users can bet with 35+ cryptocurrencies, from Bitcoin, Ethereum, and stablecoins like USDC and USDT, to SOL and other popular altcoins. The site is available in 18 languages (including Spanish, German, Italian, French and Japanese).

For media inquiries, odds, and insights, users can contact irene@media.cloudbet.com or check out media.cloudbet.com.

Contact

Irene
Halcyon Super Holdings B.V.
irene@media.cloudbet.com

Palo Alto, United States, October 17th, 2024, Chainwire

Akord, a web3 platform for securing and managing data, also begins its migration to Walrus Protocol

Mysten Labs, the web3 infrastructure company, today announced that following a successful Devnet, Walrus Protocol, a decentralized storage network, has launched its public Testnet. 

Walrus Protocol stores and delivers large data files, including rich media content, audio files, video, images, PDFs and more, from any web2 or web3-based source. These large files, known as blobs, are stored quickly and efficiently by Walrus, whose storage is resilient, scalable, programmable, and secure. Walrus’s public Testnet, and its Testnet token, WAL, are served by Sui as the coordination layer. Sui provides a dedicated management architecture for Walrus to store its global state and metadata offering speedy consensus, composability, and the opportunity to integrate storage into smart contracts on Sui. Walrus’s Testnet launch will include: 

• API endpoints that support deletable blobs, meaning data can be deleted. 
• Dedicated Walrus explorer, allowing users to search data quickly and comprehensively, built by Stakestab Inc, maker of Suiscan & Blockberry API Platform. 
• Full tokenomics ecosystem for the Walrus token, WAL, including epoch management, staking and unstaking, and rewards, as well as the WAL token faucet for developers.
• WAL staking app, developed by Mysten Labs.

“As blockchain projects aim to become more decentralized, it has been apparent for quite some time that a decentralized storage network was needed for networks of all kinds, L1s and L2s, to support end-user applications with rich media and larger storage needs,” said George Danezis, Chief Scientist and Co-Founder at Mysten Labs. “Walrus Testnet going live is a pivotal moment in that journey. With Akord and Decrypt beginning the migration over to Walrus, we’ll begin to see that a decentralized storage network can be used to bring various applications to a mass audience.”

Coinciding with the launch of Walrus’s public Testnet, Akord, a secure storage and collaboration platform, providing user-friendly, cost-effective, and decentralized storage solutions for any digital asset, announces its migration from Arweave to Walrus. Akord is set to migrate to Walrus within the next week. The move comes on the heels of Decrypt Media’s recent announcement of its plans to integrate with Walrus, making the publication the first media outlet to commit to storing media articles and video content on Walrus.  

“At Akord, our mission is to create a platform that empowers individuals and businesses with meaningful data ownership – the ability to secure data publicly and tokenize it, or store it privately with end-to-end encryption, controlling the keys and access,” said Pascal Barry, CEO of Akord. “Migrating to Walrus allows us to offer our existing customers a more cost-effective, versatile and performant solution, as well as giving us the opportunity to realize our mission at a much larger scale.”

Powered by a system that divides large data files into smaller fragments, referred to as ‘Red Stuff,’ Walrus distributes slivers of data files across various storage nodes. This process ensures that even if some pieces go missing, the whole of the data can still be reconstructed. This approach reduces the need for data redundancy, allowing the network to grow seamlessly while ensuring fast and reliable access to data. Walrus introduces advanced storage verification through proofs and attestations, incentivizing nodes to store slivers of each file. Instead of verifying individual files, Walrus assesses the entire storage node, significantly lowering the cost of proving data storage.  

Walrus, whose original contributor is Mysten Labs, launched on Devnet in June 2024. Its whitepaper was available as of September 2024, presented by Janet Wu, Head of Product, Platform, at Mysten Labs, at Sui’s Singapore Builder House Event. Walrus Mainnet is slated to launch in 2025.

About Mysten Labs

Mysten Labs is a team of leading distributed systems, programming languages, and cryptography experts whose founders were senior executives of Meta’s Novi Research and lead architects of the Diem blockchain and Move programming language. The mission of Mysten Labs is to create foundational infrastructure for web3. Learn more: https://mystenlabs.com. 

About Walrus

Walrus is a next-generation decentralized storage network for data and rich media content such as large text files, videos, images, and audio. Leveraging innovations in erasure coding, Walrus offers exceptional data availability and robustness with minimal replication overhead for cost efficiency. Powered by Sui as the coordination layer, Walrus scales to hundreds or thousands of networked decentralized storage nodes without compromising performance. Learn more: https://www.walrus.xyz/. 

About Akord 

The Akord platform is built on a digital vault protocol that offers file management, end-to-end encryption, file sharing, access control, minting and token gated access. The platform consists of an app, API, SDK and CLI with a strong focus on user and developer experience. Learn more: https://akord.com/ 

Contact

Lexi Wangler
Mysten Labs
lexi.wangler@mystenlabs.com

Ljubljana, Slovenia, October 17th, 2024, Chainwire

OriginTrail, the ecosystem striving for a safe internet in the age of AI with its decentralized knowledge graph, was named the best project at the prestigious MIT Decentralized AI Summit. Held at the MIT Media Lab, the summit brought together top innovators, researchers, and industry leaders to explore the future of decentralized AI technologies.

The packed schedule saw contributions of representatives from Dell, Intell, NVIDIA and other notable AI companies. In his talk, the founder of OriginTrail Branimir Rakic explained how OriginTrail’s decentralized knowledge graph powered by Polkadot acts as a critical infrastructure in addressing some of the internet’s most important challenges in the age of AI such as misinformation, deep fakes, fake news or unreliable AI in a broader sense. The pioneering approach to powering trust in AI stood out amongst the numerous showcases at the event and led to being voted as the best project by the participants of the Decentralized AI Summit. This recognition highlights OriginTrail’s expected impact on driving mainstream adoption for both AI and Web3 technologies across diverse set of industries, from Real World Assets (RWA) in global supply chains, Decentralized Physical Infrastructure (DePIN) connecting knowledge of organizations and individuals, to advancements in improving AI models through federated access to training data. 

“We are thrilled to see that OriginTrail is evolving in the direction many other industry giants are identifying as the cutting edge. I was particularly excited to hear many speakers highlight the importance of deploying the AI solutions at the edge of the network, where AI solutions with more sustainable resource use and privacy preserving data management can be implemented. It’s something that OriginTrail has been working on to enable for the last year and we’re excited to unveil it next week (Oct 24th) at the DKGcon in Amsterdam with the release of the DKG Edge node. And, of course, I wish to thank the participants of the event that selected OriginTrail as the best project of the DecAI Summit, it’s a great vote of confidence for our future work.” – Branimir Rakic, Founder at OriginTrail.

As the pathologies of the state-of-the-art AI solutions become more evident, the demand for trustworthy AI solutions being developed at the intersection of Web3 and AI grows. OriginTrail is determined to continue to lead that charge by driving mainstream adoption of this critical infrastructure to enable a safe internet in the age of AI.

About OriginTrail

OriginTrail is an ecosystem dedicated to making the global economy work sustainably by enabling a universe of AI-ready Knowledge Assets, allowing anyone to take part in trusted knowledge sharing. It leverages the open-source Decentralized Knowledge Graph that connects physical and digital worlds in a single connected reality driving transparency and trust. 

Advanced knowledge graph technology currently powers trillion-dollar companies like Google and Facebook. By reshaping it for Web3, the OriginTrail Decentralized Knowledge Graph provides a crucial fabric to link, verify, and value data on both physical and digital assets.

For more information, users can visit origintrail.io.

MIT DecAI summit event | LI OriginTrail announcement | X OriginTrail announcement

Contact

Communications department
Lucija Naranda
OriginTrail
lucija.naranda@origin-trail.com

HO CHI MINH, Vietnam, October 15th, 2024, Chainwire

U2U Network, a Layer-1 blockchain pioneer in decentralized infrastructure backed by top investors like KuCoin Ventures, Chain Capital, and IDG Blockchain, is excited to announce the launch of its first-ever DePIN Node Sale. This sale provides an opportunity for participants to acquire decentralized nodes and contribute to U2U’s growing DePIN infrastructure. With this sale, U2U aims to provide a new way for users to join the decentralized network and unlock significant earning potential through its Node Sale model

Why Nodes Matter in Blockchain Networks

Nodes play a fundamental role in decentralized networks by enabling communication, transaction validation, and enhancing security. Within these systems, nodes distribute computational power across the network, reducing the likelihood of centralized control. This decentralization improves network security, scalability, and resilience.

The U2U Subnet allows node operators to contribute computing resources, from mobile devices to high-performance computers, to build a decentralized infrastructure network. These nodes supply essential resources such as CPU, RAM, GPU, storage, and internet bandwidth, ensuring that applications can operate without interruption. The U2U DePIN framework includes two types of nodes: Master Nodes and Edge Nodes.

• Master Nodes: These nodes are responsible for critical tasks such as transaction storage, data validation, and proof submission between the Subnet and Mainnet.
• Edge Nodes: These nodes contribute additional computational power for specific protocols, optimizing scalability and performance.

Both node types provide incentives based on their contributions, forming a core component of U2U Network’s DEPIN infrastructure.

Details of the Node Sale 

The Public Node Sale begins October 22, with 40,000 nodes available across six tiers. The initial price for a checker node is $200, with prices increasing at each tier. Early adopters benefit from high ROI and faster returns – participants can expect to recover their investment in just 58 days. The affordable entry point makes it easy for anyone to participate in the Node Sale, with no programming skills required.

No programming skills are required to operate a node, and node operators can receive token rewards from a dedicated pool of 1 billion $U2U tokens (10% of the total supply). With more than 40 DePIN projects in the U2U DePIN Ecosystem, node operators can support the growth of various projects across sectors like computing, cybersecurity, telecommunications, and artificial intelligence.Through this participation, operators may earn rewards based on their node’s contributions to the network- the more DApps involved, the greater the earning potential. Additionally, node operators can expect to recover their initial investment in just 58 days, making this Node Sale a highly beneficial opportunity. The broad scope of projects engaging with the U2U Network drives demand for node resources, potentially increasing the earning opportunities for participants. 

Team

The U2U team includes over 120 professionals from leading tech companies like Google, Kardiachain, and Y Combinator backed startup, along with advisors from Stanford, RMIT University, and Animoca. This makes their pool of expertise incredibly diverse and rich, positioning them strongly for leadership in the industry. 

Network Growth and Community Engagement

U2U Network reports that it has raised funds from several investors, including Kucoin Ventures, Chain Capital, JDI Ventures, IDG Blockchain, etc. Chain Capital, one of Asia’s leading crypto funds, is renowned for its focus on Web3 infrastructure, AI, and DePIN, with 300+ successful investments, including billion-dollar Layer-1 ecosystems like Solana and Polkadot, and DePIN giants like Filecoin and Theta Network. Joining Chain Capital is JDI Ventures, a powerhouse DePIN fund led by JDI Global, which boasts a $200M portfolio and a track record of driving DePIN projects to success. The VC list also includes IDG Blockchain, a global leader in early-stage blockchain and AI investments, which has backed innovative names like dappOS, Pontem, . These top VCs with other esteemed VC names have proudly joined forces with U2U Network to revolutionize DePIN and drive mass adoption. The network’s community has grown to over 1 million members. 

With a low entry cost, high ROI, and no coding knowledge required, this DePIN Subnet Node campaign is designed to attract a broad range of participants. Don’t miss the chance to join the U2U Network Node Sale and help power the next internet generation.

For further details on the U2U Network’s node sale, visit the official blog on the U2U Network website.

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.

Website: https://u2u.xyz/team

Contact

CBO
ASTRID DANG
U2U NETWORK
alice@uniultra.xyz

Dubai, UAE, October 16th, 2024, Chainwire

InceptionLRT is pleased to announce the integration of four new tokens: EIGEN, tBTC, sFRAX, and slisBNB. With these additions, users gain access to a wider variety of restakable assets, each providing the flexibility to maintain liquidity while optimizing their DeFi strategies. 

All these tokens are restakable through EigenLayer, benefit from Isolated Liquid Restaking (iLRTs), and offer the ability to Flash Unstake, allowing immediate withdrawals without the standard EigenLayer unbonding period.

EIGEN Token Restaking Options for Enhanced Rewards

Following the recent EigenLayer airdrop, EIGEN token holders can now enhance their rewards through Liquid Restaking. InceptionLRT is one of the few protocols to offer this service, enabling users to restake their EIGEN tokens while contributing to the security of decentralized services like oracles and governance.

Through InceptionLRT’s liquid restaking token (LRT), inEIGEN, users are able to contribute to decentralized services- such as oracles and governance mechanisms- while accessing additional rewards from restaking activities.

slisBNB – Expanding BNB’s Utility

slisBNB, ListaDAOs liquid staking token for Binance’s BNB, is now supported on InceptionLRT, allowing users to leverage inslisBNB for liquid restaking. This integration helps BNB holders take full advantage of DeFi composability while securing Actively Validated Services (AVS) in the EigenLayer ecosystem. By restaking slisBNB, users can enhance their earning potential, access cross-chain functionality, and maintain liquidity.

tBTC – Bridging Bitcoin to DeFi

For the first time, InceptionLRT integrates a Bitcoin derivative, tBTC, built by Thesis. This trustless, tokenized version of Bitcoin allows users to access DeFi opportunities while maintaining liquidity. Through intBTC, Bitcoin holders can restake their tokens, earning rewards while benefiting from tBTC’s composability across various DeFi platforms. This integration opens the door to bridging Bitcoin’s potential with DeFi.

sFRAX: Enabling Diversified DeFi Participation for Stablecoin Users

Building on the previous integration of sfrxETH, InceptionLRT now offers sFRAX, a staked version of the fractional algorithmic stablecoin, FRAX. Through insFRAX, users can restake their sFRAX tokens, benefiting from both staking and restaking rewards. This dual mechanism boosts the earning potential of FRAX holders, giving them the opportunity to diversify their participation in the DeFi ecosystem.

EIGEN, tBTC, slisBNB, and sFRAX Liquid Restaking Integrations on InceptionLRTs dApp

Expanding InceptionLRT’s Restaking Ecosystem

Through the addition of EIGEN, tBTC, sFRAX, and slisBNB, InceptionLRT continues to expand its liquid restaking capabilities. By integrating iLRTs and enabling instant withdrawals with Flash Unstake, InceptionLRT offers users a flexible and secure DeFi experience that aligns with diverse financial strategies. As the platform continues to grow, InceptionLRT remains committed to supporting a broad array of staking solutions designed to enhance user control and asset security.

About InceptionLRT

InceptionLRT specializes in restaking solutions for the DeFi sector, providing innovative approaches that prioritize both yield optimization and asset flexibility. By integrating advanced features and supporting diverse tokens, InceptionLRT is redefining the staking and restaking experience for decentralized finance users.

For media queries, users can contact: Fabio Wehb Ferrari, fabio.f@inceptionlrt.com

Contact

PR Manager
Fabio Wehb Ferrari
InceptionLRT
fabio.f@inceptionlrt.com

Sinagpore, Singapore, October 16th, 2024, Chainwire

Unite, the pioneering Layer 3 blockchain solution built on Base, is excited to announce a strategic partnership with Eigen Labs to incorporate EigenDA, a leading data availability solution provider, into the infrastructure that powers the next generation of mobile games.

As the first Layer 3 blockchain tailored specifically for mass-market mobile games, Unite is focused on delivering seamless, high-performance experiences to the nearly 3 billion active mobile players. To achieve this mass-market scale, the partnership with EigenDA will integrate their cutting-edge data availability solutions into Unite’s Layer 3 chain, making launching and operating a web3 mobile game dramatically more efficient at scale.

“Modern web3 infrastructure is critical to the evolution of the mobile gaming industry,“ said Weiwei Geng, CEO of Unite. “Our collaboration with EigenDA will let us help the next generation of developers achieve global scale by making blockchain an enabler – not an obstacle – to building web3 mobile games. This partnership is a significant step forward in our mission to bring the mass market of mobile gamers to web3.”

EigenDA’s data availability solution delivers hyper scalability, ensuring high throughput and seamless scaling as demand increases. It’s extremely efficient, and continues to drive gas fees closer to zero. The solution leverages Ethereum’s Layer 1 security via EigenLayer, making it robust and reliable. By aligning with Ethereum’s ecosystem, EigenDA enhances rollup scalability without data availability constraints. These features make EigenDA the ideal partner for Unite, enabling the handling of large transaction volumes and in-game interactions, allowing game developers to focus on innovation and growth.

Sreeram Kannan, CEO of Eigen Labs, added, “We are really excited about Unite’s vision of developing a crypto ecosystem dedicated to achieving mass-market adoption of web3 with mobile games. EigenDA and the Eigen stack ensures Unite developers can scale effectively while delivering seamless, high-quality experiences for gamers globally.”

The partnership between Unite and Eigen Labs marks a significant milestone in building the future of blockchain-powered mobile games with the potential to compete with leading web2 mobile games, which serve billions of users, and drive nearly $100B in annual revenue. Bringing together two industry leaders committed to driving innovation and mass adoption of web3. For more information, users can visit Unite.io and Eigenda.xyz.

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, or follow Unite on X, and join Discord community.

About EigenLayer

EigenLayer provides developers access to the Ethereum restaked capital base and decentralized validator set. Access to this trust network makes previously impossible mechanism designs possible in the form of Actively Validated Services (AVSs). EigenDA is the first AVS, building the most scalable, secure, and price-performant data availability layer. EigenLayer is backed by top investors including Polychain Capital, Blockchain Capital, Ethereal Ventures, Electrical Capital, and a16z crypto.

Contact

Di Chen
dchen@unite.io

New York, New York, October 15th, 2024, Chainwire

Powered by the River Protocol, Towns addresses the growing concerns of traditional social platforms, introducing a new decentralized, encrypted, and user-owned communication app.

Today Towns, founded by the founder of breakout experiences Houseparty and Meerkat, announced the public debut of an onchain messaging platform designed for digital communities to connect in secure and decentralized spaces. Built on the River Protocol, Towns enables permissionless group chats where anyone can create, own, and manage their communities, offering features like decentralized ownership, end-to-end encryption (E2EE), and a reputation system that prioritizes user privacy. The platform is backed by lead web3 investors like a16z, Benchmark and Framework, raising $25.5M in their Series A. 

As traditional messaging platforms face growing criticism over privacy violations and censorship, there’s a clear call to action for improved communication alternatives. The Towns platform unlocks a new solution by giving users full ownership and control of their data, creating community-owned digital spaces where conversations are secure, transparent, and free from outside interference. The platform brings the features of speed and familiarity of web2 messaging platforms onchain, empowering communities to thrive in a space that protects both privacy and autonomy.

“When I built Meerkat and Houseparty, it was clear that online communities are the backbone of the internet and a key part of our culture,” said Ben Rubin, Co-Founder and CEO of Towns. “As traditional social platforms grow, so do their shortcomings, creating friction for users. Today, the current tools designed for web3 communication are not optimized to provide intuitive and user-friendly experiences. With Towns, our goal is to make the internet more intimate without making it smaller, fostering a sense of trust and connection between users by offering a decentralized platform where privacy and open communication are at the core.” 

Towns offers a range of innovative features that set it apart from traditional communication platforms. Features include:

• Each “Town” exists as a decentralized entity, with membership and ownership minted onchain, giving users ownership and control over their communities, including the ability to transfer value across the ecosystem.
• All conversations within Towns exist as permissionless group chats and ensure all communications within the platform are secure and private.
• Users can create programmable groups with specific pricing, gating, and rewards enabling new ways to engage with members.
• A new look at web3 incentives. Towns combines the familiarity of web2 messaging with web3 incentives like reputation systems and composability with the broader web3 ecosystem.

With trust and community building at the forefront of Towns, early adopters include RefractionDAO, a web3 artist-owned community at the forefront of digital art, music, and culture.

For more information on Towns and to learn how to build a community, users can visit towns.com.

About Towns

Founded by Ben Rubin, former founder of viral app sensations, Houseparty and Meerkat, Towns is an onchain messaging platform built on open-source protocol, River. Towns offers new communication models that empower online communities with programmable, self-governed and ownable spaces, fostering authentic and meaningful interactions. With a commitment to shaping the future of digital connectivity, Towns is supported by significant investment, including a $25.5 million Series A funding from notable firms like a16z crypto, Benchmark, and Framework.

Contact

Publicist
Ryleigh Ebron
Serotonin
ryleigh@serotonin.co