Blockchain

Key Takeaways zkSync 2.0 is set to launch this Friday. The upgrade will bring added smart contract functionality, allowing developers to deploy their own DeFi apps, NFTs, and games on the Layer 2 network. zkSync also has plans to launch a token, with some speculating that it will follow Optimism’s lead in rewarding early users. Share this article The zkSync 2.0 launch is set to go live Friday. zkSync Readies Mainnet 2.0 The newest version of zkSync is almost here. The Ethereum Layer 2 project is about to undergo its most significant upgrade to date. With the launch of zkSync 2.0, the network will gain the capacity for smart contracts, letting developers create and deploy their own DeFi protocols, NFTs, and blockchain games. Currently, zkSync 1.0 only lets users transfer tokens between wallets. However, this hasn’t stopped it from finding use within certain niches. For example, Gitcoin Grants, a program that helps developer teams raise funding for public goods projects, lets users donate through zkSync, offering projects and contributors huge savings in gas fees compared to what they would have to spend on Ethereum mainnet.  zkSync is one of several Layer 2 solutions working to scale Ethereum. It uses Zero-Knowledge proofs to bundle transactions together on a separate network and send them back to Ethereum mainnet for validation. Through this approach, “ZK-Rollups” like zkSync can reduce transaction gas fees by an order of magnitude while inheriting Ethereum’s security and decentralization. Matter Labs, the company behind zkSync, has been working on its 2.0 version since 2020. The goal has been to fuse ZK-Rollup scaling technology with the Ethereum Virtual Machine, allowing code written in Ethereum’s Solidity language to be deployed on a ZK-Rollup-based Layer 2 network. Although this was initially expected to take years to achieve, several breakthroughs have sped up development. After a series of testnets earlier in the year, Matter Labs is now preparing for the full release of its so-called “zkEVM” 2.0 network. Matter Labs Hints at Token AnnouncementIt’s not just the zkSync 2.0 launch that has crypto enthusiasts excited. Last week, Matter Labs Chief Procurement Officer Steven Newcomb revealed in a Twitter Spaces call that details surrounding a zkSync token would be announced in early November. According to Matter Labs’ developer documentation, the company has always intended to release a token for its zkSync network, but details on when it would happen have not been released. Many have suggested that a zkSync token could be used as an incentive for decentralized transaction sequencing, similar to how the Ethereum network pays out staking rewards to its validators. Others have also speculated that early users of zkSync 1.0 and the 2.0 testnets could receive an airdrop of zkSync tokens as a reward for their participation. Other Ethereum Layer 2s have airdropped tokens to early users in the past. In May, Optimism celebrated the launch of its OP governance token by distributing 5% of its token supply to early users and those who met various eligibility requirements, and it said at the time it would have further airdrops amounting to 14% of the total supply. Whether Matter Labs will follow Optimism’s example in airdropping tokens to its community remains to be seen. However, after several high-profile airdrops made the headlines this year, most recently with the newly-launched Layer 1 network Aptos, expectations for another are high. Disclosure: At the time of writing this piece, the author owned ETH, BTC, and several other crypto assets. Share this article The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information. You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities. See full terms and conditions.

a16z, known as the “Rolls Royce” of the venture capital industry, has launched a pledge mining pool of Ethereum for crypto investors after the official merger (The Merge), offering millions of dollars in rewards to ensure higher returns than the hash rate. This node invitation for high returns in the market undoubtedly reveals that a16z has a favorable attitude towards the merged Ethereum. Welcome to contact a16z official customer service: Whatsapp: +852 69975935; Telegram: @a16z6;  Line: a16z-2 The wheel of history never stops, and an event that will set the future landscape of the block chain field is staged on September 15, 2022. On this day, the 8-year-old Ethereum will complete its merger (The Merge). 420,000 people will participate in the verification, more than 7,000 active nodes around the world will collaborate together, and tens of thousands of block chain teams will make their choices. This system upgrade has shaken the attention of all crypto practitioners, and major mainstream financial regulators, semiconductor magnates, and domestic and foreign Internet magnates are all focusing on this event. The uproar is inevitable, because as the world’s largest decentralized Internet platform and the most innovative block chain and Web3 ecosystem, the Ethereum merger is arguably the most complex system upgrade since its inception and is of great significance. Of course, this upgrade is not a spur of the moment, as Vitalik Buterin, the founder of Ethereum, has publicly stated: he has been preparing for this merger for six years. The merger of Ethereum means a complete upgrade of this giant decentralized system with a market value of $200 billion, which now has more than 3,000 developers and millions of users, and whose ecology runs more than 400 DeFi (decentralized finance) projects, 130,000 NFT contracts and more than 7,500 active nodes, which will witness and participate in this upgrade together. In the past two years, ethereum has been running two parallel networks underneath, one is the PoW (proof of work) block chain, which was initially available, and the other is the PoS (proof of stake) block chain which has been running only in the past two years, both of which have corresponding interest groups standing behind them respectively. And the purpose of the Ethereum merger is that it will officially run PoS fully and replace PoW completely without any downtime. This upgrade is a true demonstration of determination to realize the vision of Ethereum, that is, higher scalability, security and sustainability, and the investors around the world will also witness a $100 billion capital reshuffle and redistribution of interests. The capital magnates in the field have come out, among which the most decisive execution is undoubtedly a16z, full name Andreessen Horowitz, since the last name of the two founders, founded by Marc Andreessen and Ben Horowitz in 2009, managing a total of $19.2 billion in funds, with a keen sense of smell and decisive execution style, the company is rapidly expanding its investment landscape. As an old capital magnate in the crypto field, a16z has invested in many famous internet companies including Skype, Facebook, Twitter, Instagram, Groupon, Zynga, Foursquare, etc. during the Web2 period. In recent years, a16z has become the “top star in the crypto field.” In 2013, a16z led a $25 million Series B round in cryptocurrency exchange Coinbase and has since invested in Coinbase seven times. a16z became the biggest external winner when Coinbase’s market cap topped $100 billion when it went public in 2021. It can be said that a16z investment strategy is both early and growth stage projects, the company was able to invest in Instagram in the seed round, grab Github in the Series A competition, and lead a $150 million investment in Roblox in the Series G round. This time, a16z launched a pledged mining pool of Ethereum for investors in the crypto field and offered millions of dollars in rewards to ensure higher revenue than the hash rate and add additional subsidies (subsidized revenue can reach more than 20%). This is a display of a16z’s favorable attitude towards the Ethereum merger, and a great opportunity for crypto investors to jointly become PoS nodes after the Ethereum merger. Ethereum’s determination to break all doubts from the outside world and decisively execute the merger is invaluable, as Andreessen, one of the founders of a16z said: “A distinguished career is always different.” Media contact Contact:Jessica Company Name:A16z Address: United States  Website: https://www.eth20.cc Email:a16z.service@gmail.com

Delysium, an AI-powered AAA web3 game, announced its $10 million strategic funding round led by LA-based VC Anthos Capital with participation from Immutable, GSR, Blockchain Coinvestors, Leonis Capital, Antalpha Ventures (Bitmain’s venture arm), Perion and Formless Capital. The funding will be used mainly to develop the content, enable unique AI-powered experiences, and build Delysium Multiverse, an open-source operating and publishing network on the blockchain. Half a year ago, Delysium announced a seed funding round led by FTX Ventures, Galaxy Interactive, Republic Crypto, and others. Meanwhile, with the support of its mothership rct AI (a gaming AI company backed by Y Combinator, Makers Fund, Galaxy Interactive, etc.),  more than 5,000 gamers have participated in the Pre-Alpha test since May 2022 and will soon start the first official season. This September, Delysium also released the world’s first interactive whitepaper game, which creatively presents the core content of the white paper in a more visual, fun, and gamified interactive form. This web-based whitepaper game has achieved more than 450,000 views within three weeks since its launch. After nearly two years of development, the team has delivered a Battle Royale game of superb quality with the help of its strong and active community. In the future, Delysium will be further expanded into an ever-evolving open-world experience. Powered by Deterrence, the world’s first AI Layer for powering intelligent NFTs created by rct AI, Delysium has also integrated cutting-edge AI technologies such as AI-to-earn (AI yield farming), conversational AI, battle AI, and AI motion generation to create cognitively aware virtual beings that are massively distributed to every corner of Delysium. Players can enjoy a more dynamic and personalized gaming experience by interacting with AI MetaBeings. Born in the virtual world, these AI MetaBeings are native digital species who are capable of earning and holding their private assets by joining game modes with players, creating dynamically generated narratives for players, and learning and iterating from continuous interactions with players. Moreover, Delysium also proposed an open-source decentralized operating and publishing network, “Delysium Multiverse”. In Delysium’s multiverse, each universe is operated by a separate DMO (Delysium Multiverse Operator). Not only can DMOs issue their own NFTs based on Delysium’s IP completely free of charge, but they can also create their own customized tokenomics or incentive system with their own tokens embedded into the game. Based on this innovative model, players can enjoy more diverse and rich content through community-based DMOs’ creation and operations. Unix Gaming, one of the world’s largest gaming guilds with more than 200,000 players, has become the first DMO officially announced, and dozens of top gaming guilds, DAOs, and traditional game publishers are joining one after another. Xiankun Wu (Twitter: @xiankunwu), co-founder of Delysium, said, “It’s an honor to work with the world’s most ambitious investors and partners. We will focus on making three things happen to build a strong community: a great game, a unique AI-powered experience, and an unprecedented, innovative business model based on the blockchain.” ABOUT DELYSIUM The World’s First Playable AAA web3 Game. Delysium is an AI-powered open world with diverse Free-to-Own universes. All Delysium Universes gather together to become Delysium Multiverse, and each universe is run by a different Delysium Multiverse Operator (DMO), creating highly diverse game experience and unique On-chain Incentive Layer (OIL) for players. For complete investor information, please check out the Delysium Official Website or Delysium Whitepaper Game. Delysium Official Website: www.delysium.com Delysium Whitepaper Game: www.delysium.com/whitepaper JOIN COMMUNITY Discord | Twitter | Telegram | Medium | Youtube | Facebook

In 2022, AGI AI Private Limited (AGI AI) built AI quantitative trading, wholly owned by AGI AI to provide the core technology and principles of underlying logic. We develop strategic plan as well as goals for long-term AI+ finance. AGI AI has structured its strategic development plan into five steps. Step 1. Creating The Perfect Combination of AI + Finance: Automated factor discovery, knowledge graph, graph computing, and enhanced analytics based on privacy protection will deliver greater value. AGI AI has estimated that AI technologies could create up to $1 trillion in incremental value for the global banking industry each year; Andreas Kaplan and Michael Haenlein define AI as “a system’s ability to correctly interpret external data, to learn from such data and to use those learnings to achieve specific goals and tasks through flexible adaptation”. Today, AI technology has made even greater strides by making it possible to achieve specific goals and tasks through flexible adaptation for the future, AI technology has come a long way, bringing more far-reaching changes to many industries, including finance. Step 2. Blockchain: Intelligent futures, Zero Knowledge Proof (ZKP) and Cross-chain Technology brings new opportunities. The Distributed Ledger Technologies (DLT) is another important technology for building the financial ecosystem, where key technologies such as Smart Contract, Zero Knowledge Proof, distributed data storage and exchange enables applications such as Digital wallets, digital assets, Decentralized Finance (DeFi), Non-Fungible Token (NFT) and other applications. Cross-chain technologies are dedicated to solving the issues of chain-based interactions between enterprises that are deployed on different blockchains. Step 3. Cloud Computing: Agility, high flexibility, microservices cloud-native advantages are given more priority. AGI AI research indicates that the cloud will be worth more than $1 trillion in EBITDA (earnings before taxes, interest, depreciation and amortization) for Global Top 500 companies by 2030. Effective cloud technology utilization can increase development and maintenance efficiency of migrated applications by 38%, enhance infrastructure cost efficiency by 29% and reduces downtime of migration applications by approximately 57%. This leads to a 26% reduction in breach costs. Simultaneously, the cloud technology can improve the integrity of platforms through automated embedded security processes and controls such as DevSecOps, and these capabilities reduce technical risk through a consistent technology stack across multiple platforms. Step 4. Internet of Things: Everything is connected to build a new integrity system and unlimited potential for integration with financial services. AGI AI believes that the Internet of Things will bring revolutionary changes to the world in the coming years, in which connected devices will play an important role. In terms of technical architecture, the AGI system consists of intelligent sensing and sensing systems. Technically, it consist of three levels: wireless communication network, application and operation support. First, the continuous development of sensing technology, such as RFID tag technology is a comprehensive technology that integrates wireless radio frequency technology and embedded technology. RFID has a broad application prospect in automatic identification and item logistics management. Second, the growing diversity of the Internet of Things (IoT) communication solutions, wired and wireless networks, Near-field Communication Solutions (NFC), Low Power Wide Area Network (LPWN), Narrowband Internet of Things (NBI), interconnection of end devices and centralized control management provide communication network security. Third is the development of embedded system technology and intelligent technology. Through the embedding of intelligent system in the devices enables the devices to have certain intelligence to achieve active or passive communication. Step 5. Hyper Automation: Robotic Process Automation (RPA) technologies and other automated technologies as a substitute for manual labor. Hyper-automation is the introduction of artificial intelligence, deep learning, event-driven programming software and robotics for business processes. These technologies or digital solutions can help improve the efficiency of decision-making and work automation. AGI AI believes that these key technologies do not exist in isolation. These technologies are intertwined, embedded and integrated, thus creating tremendous energy and triggering changes in the industry. These core technology combinations are now being applied in financial segments, and will have greater value in the future and influence the competitive market structure of FinTech and the financial industry. Both traditional financial institutions and innovative fintech companies will need to focus on value areas, develop new technologies and reserve capabilities to build core competencies in the technology aspect. AGI AI brings the combination of three technological developments – robotics, artificial intelligence and new financial technologies – that will revolutionize the world. Dr. Peter Frankopan, a historian and veteran researcher at Worcester College, Oxford, notes that the shift is not as frightening as a flood. He said: “Transformation is absolutely normal and irresistible”. In this new era of technological innovation, investors facing the shift may be unable to do anything about it, but they can move with the trend and benefit from it. AGI AI’s mission and vision is to maintain the originality and allow AI to lead human advancement. AGI AI is dedicated to have AI contribute to the development of economy, society and human beings to build a better future together. In 2018, AGI AI established the AGI AI Research Center, aiming to deepen the integration of AI with traditional finance and launch the AGI AI Intelligent Trading Bot and Intelligent Financial Expert Service Program in 2022. AGI AI is recruiting a team of dedicated employees and communities with strong consensus and a passionate workforce. Join us to form a global AGI AI digital finance eco-community. Together we shall witness the development and rise of AGI AI and share the success of AI quantitative trading investments!

On September 24, Beosin, a leading global Web3.0 blockchain security company, launched the “Blockchain Security Alliance” in partnership with the Singapore University of Social Sciences (SUSS) Node for Inclusive FinTech (NiFT), the National University of Singapore (NUS) Asian Institute of Digital Finance (AIDF), Singapore Blockchain Association, FOMO Pay, Coinhako, Onchain Custodian, Paritybit, and Semisand. The Alliance members will cooperate closely in blockchain ecology, integrating technological innovation in the field of blockchain security, exploring and establishing a sound blockchain security ecosystem. The Alliance aims to foster collaborations between the industry, academia, and researchers in blockchain security, apply scientific and technological innovations, and create a sustainable environment for Web3 blockchain ecosystem development. With the interests of Singapore at its core, the Alliance wish to raise cybersecurity awareness among Singapore blockchain startups and enterprises and to help integrate the Chinese Web3 community into the local business culture. With the rapid development of the Web3 ecosystem, cybersecurity issues should not be overlooked, which is also the core reason for establishing the Blockchain Security Alliance. Last Saturday, Professor Monica Yang, the founder of Beosin, Global FinTech Institute (GFI) Chairman & SUSS Professor David Lee Kuo Chuen, Da Hong Fei, the founder of Neo, Yang Zhan, the co-founder of FOMO Pay, and Patrick Dai, the founder of Qtum, had a panel discussion on the topic “How to build a secure Web3 ecosystem in Singapore”. It was an informative and insightful exchange with more than one hundred on-site audiences. According to Professor Monica Yang, “The Web3 atmosphere in Singapore is very vibrant with a handful of top blockchain companies setting up their offices here in Singapore. Beosin has also formed a local elite team to serve Beosin overseas customers from Singapore. Undeniably, there is a lack of tech talent in Singapore and this prompted us to work closely with universities in Singapore and China. Together with the industry experts, the team will provide training and overcome the manpower crunch. This is also one of the main reasons why Professor David Lee and I, along with the rest of the Alliance members, are so determined to launch the Blockchain Security Alliance. David Lee Kuo Chuen, Professor at the Singapore University of Social Sciences (SUSS), commented on the current state of Web3 security industry and the vital role that security companies play in developing the blockchain ecosystem. He further highlighted the inclusiveness of Singapore’s policy and how it has continued to attract global talents. At every stage of development, Singapore embraced and adopted each industry’s most advanced technology. Therefore, the establishment of security companies will have a significant impact on the blockchain ecosystem. Web3 has no boundaries, and together with partners like Beosin, we wish to strengthen the Web3 security ecosystem. Meanwhile, Mr. Da Hongfei has shared his insights on the industry’s development over the last two years. On hacking and its impact on the blockchain ecosystem, Mr Yang Zhan brought up security-related issues in digital payment. At the same time, Mr Patrick Dai shared his view on the development and innovation of blockchain technology and how important it is for cybersecurity to be in place. During the panel discussion, the panellists shared their vision for Web3 and how they can contribute to the development of the Web3 ecosystem. Establishing the Blockchain Security Alliance will lead to a community committed to defending the blockchain ecosystem’s security. The community will consist of tertiary education institutions, researchers and security industry experts. The Alliance members will work on guidelines and codes of conduct for the blockchain security industry, conduct research and development, roll out blockchain ecosystem security alerts, generate monthly and annual security reports, and ensure the development of a healthy blockchain ecosystem. The Alliance will also conduct information security information-sharing sessions and public welfare training, train talents in blockchain security, and organise annual global blockchain conferences to discuss and disseminate blockchain technology’s latest trends and challenges. Towards the end, Professor Monica Yang underpinned the vision the Blockchain Security Alliance. She said, “With the establishment of the Alliance, we are not only looking at making tangible contributions to the blockchain security ecosystem for the development of the industry. The establishment of the Alliance also reminds us to remember our mission – to focus on the research and development of blockchain security and provide a one-stop solution for blockchain enterprises and regulators. The services include auditing code security, system security monitoring and alerts, compliance security audit and anti-money laundering. At the same time, we will work with the universities and the Alliance members to promote fundamental blockchain security knowledge, cultivate blockchain security talents and defend the development of the blockchain security ecosystem.” If you would like to join the “Blockchain Security Alliance”, please feel free to contact us. Official Twitter: @Beosin_com Alert Twitter: @BeosinAlert Telegram: https://t.me/beosin

VICTORIA, Seychelles, Sept. 23, 2022 (GLOBE NEWSWIRE) — OKX, the world’s second largest cryptocurrency exchange, today announced the launch of OKX Lite, a simplified version of its trading app that makes it easy for users to buy, sell, swap and put their crypto to work. With a more streamlined look and feel than the version aimed at experienced traders, OKX Lite aims to meet the expectations of HODLers and those new to trading by offering streamlined access to the features that matter most. These include: Buying, selling and swapping with just a few taps Making on and off-chain transfers (sending and receiving) Staking crypto to earn on assets The ability to monitor market movements while on the go Access to the $10,000 Mystery Box referral program The launch of OKX Lite comes in the immediate wake of the company launching its first global brand campaign, entitled “What is OKX?”. The launch of the campaign signaled the exchange announcing itself to the world, while OKX’s partnerships with prominent sports and entertainment institutions like Manchester City FC, McLaren Formula 1 and the Tribeca Festival have introduced both OKX and the world of crypto trading to a whole new audience. OKX Lite affords these users a safer and simpler entry into the world of crypto trading, helping them avoid getting out of their depth as they enter the space. With its launch of OKX Lite, OKX is also furthering its commitment to promoting responsible trading, broadening access to crypto and removing barriers to financial freedom. As users of OKX Lite gradually develop their crypto trading expertise, the OKX app will allow them to grow in the way they interact with it, eventually allowing them to utilize it like an experienced crypto trader. Haider Rafique, Global Chief Marketing Officer, OKX, said: “OKX Lite is our way to give traders and investors the easiest and most enjoyable way to plan, build and manage a crypto portfolio. When you look at our new UI, it may remind you of your traditional brokerage app, with upgrades that really enhance the day-to-day crypto experience. The ability to transition smoothly between Lite, Pro, and Wallet mode is designed very intentionally. We hope our customers not only enjoy the sleek new UI, but that this upgrade helps them smoothly transition between these three modes, which have been introduced very deliberately.” Those who join OKX now can also invite their friends to win Mystery Boxes worth up to $10,000. Find out more about OKX Lite here. Ready to go Lite? Get started here. For further information, please contact:Media@okx.com About OKXOKX is the second biggest global crypto exchange by trading volume and a leading web3 ecosystem. Trusted by more than 20 million global customers, OKX is known for being the fastest and most reliable crypto trading app for investors and professional traders everywhere. As a top partner of English Premier League champions Manchester City F.C., McLaren Formula 1, golfer Ian Poulter, Olympian Scotty James, and F1 driver Daniel Ricciardo, OKX aims to supercharge the fan experience with new financial and engagement opportunities. OKX is also the top partner of the Tribeca Festival as part of an initiative to bring more creators into web3. Beyond OKX’s exchange, the OKX Wallet is the platform’s latest offering for people looking to explore the world of NFTs and the metaverse while trading GameFi and DeFi tokens. To learn more about OKX, download our app or visit: okx.com

Recently, Maxity, the world’s first Web3 social impact protocol, has announced the innovative creation of the pioneering Volunteer and Reward (V&R) model which will be integrated into its Symbiotic Metaverse. The model is to attract more people from around the world to participate in volunteering and solve social issues, with the help of Web3 and blockchain technology. It is also aimed to bring revolution and systematic upgrade to both the traditional internet industry and the blockchain industry. We have all seen the infamous Play to Earn model, allowing gamers to play games while earning a living at the same time. Sounds wondrous? Not Really. The 625M hack on Ronin Bridge resulting in Ronin suspending withdrawals of players money, plummeting of AXS and SLP and eventually players losing thousands, even millions. This according to Bloomberg, made Web3 seems like “a sketchy financial instrument while hackers prey on everyone involved”. Web3, the inevitable future that will change and shape the world at an unprecedented rate, as you may see is currently being used to exploit money out of users, scarring users instead of welcoming them to embrace the world of blockchain. For example, we have all seen some Move-to-Earn models failed to make it through the death spiral of the crashing price of sneakers and tokens. It seems that all “X 2 Earn” models that claim to repay users in as quick as a few months or even weeks are all Ponzi schemes. Therefore, it is noteworthy that how Maxity’s Symbiotic-Metaverse-based V&R model is to solve this critical issue and it is worth looking forward to how the model will attract more people to get involved in volunteering and solve all kinds of global sustainability issues. Why Volunteer and Reward (V&R)? The birth of the world’s first V&R model was announced during the VIP event hosted by Maxity at the House of Lords in London in late June. The model will be integrated in the future development of Maxity’s Symbiotic Metaverse where businesses and individuals can make direct interactions and transactions free of third parties. At the beginning, Maxity named the model as Volunteer-to-earn to allow better understanding for users. However, through thorough research, it has come to realisation that volunteer to earn model has a certain conflict to the original purpose of voluntary activities. It imposes a negative influence on positive charitable events, while volunteer and recognition does not classify as powerful incentivisation. Therefore, Volunteer to earn model is optimised to Volunteer and Reward. Looking at the statistics, there are more than 1B volunteers worldwide, exceeding the number of unemployed people, indicating even low income, unemployed people squeeze out time to do charities work. It is the human deepest desires to give back to the community. By volunteering in various events, it brought purposes, improves physical and mental health and at the same time expanding our network. V&R model, brought by Maxity acknowledges the importance of volunteering, especially due to Covid-19 which forces closures of industries and schools, widens social inequalities and global poverty, restricting offline volunteering events. Various NGOs and charities are facing issues on motivating people to volunteer and encouraging them to spend more time and energy on charitable events to solve social problems. This is when V&R steps in to be an incentivisation tool of NGOs and charities. V&R, relaying earning a living through volunteering, incentivises users to do charities works by turning all volunteering events into rewarding experience. This model innovates the meanings of Web3 industry, the long-term stable dividend allows the sustainable development of this incentive mode, which motivates a lot of charitable users join the blockchain world and solve social issues with sustainability. How do volunteers get rewards from Maxity? Maxity changes the volunteers’ behavior by letting them join the metaverse and work in it for the charity. Various kinds of charities publish different charity tasks on the virtual land in Symbiotic Metaverse based on the issues they aim to solve and set rewarding standards together with Maxity. Volunteers worldwide holding Avatar NFTs of Symbiotic Metaverse can start claiming charitable tasks, each completion comes with certain rewards. The rewards come in 2 forms, Max Token (native token of Maxity platform) and MAXI Token (Volunteer and Reward token). For example, one charitable organisation on Symbiotic Metaverse holds a volunteer event with participants from all over the globe. Each participant must accomplish certain tasks, either through offline or online mode. The experience of volunteer activities is designed to be captivating with creative method using AR technology (imagine Pokémon Go). Completing the tasks brings them rewards that helps charities and volunteers. The rewards can either come from Maxity or organisations that have settled in Symbiotic Metaverse, e.g., charities, governments, etc. MAXI token is rewarded according to the participant’s contribution. With MAXI token, members are able to exchange metaverse devices, upgrade virtual lands utility, construct buildings, etc. All the utility, buildings, land comes in the form of NFTs and are tradeable on Maxity NFT marketplace. Maxity has customised the ROI ratio of the Avatar NFTs and the V&R model reasonably. Incomes from investments by governments and enterprises and the return elasticity brought by the Web3 industry dividend guarantees the sustainable operation of the V&R model without the fear of capital shortage, which resolves the short life cycle issue in Play-to-earn models. To summarise, the world’s first Volunteer and Reward model created by Maxity aims to be a Web3 application that combines innovativeness and social responsibility and break the doom of X-to-earn models. The model will attract lots of Web2 users and volunteers from the globe to join Web3 industry, which could, to some degrees, change people’s prejudices to the blockchain industry and allow the blockchain technology to serve the society better, revolutionize the traditional internet industry, and achieve a systematic upgrade. Join Maxity Now: Official Website: https://maxity.io Twitter: https://twitter.com/Maxity_io Discord: https://discord.com/invite/XtMkVFacUd Instagram: https://t.me/+s8COVNefJwwyODk8

The new features on OKC include IBC transfers, OKC Swap and OKC bridge upgrades Users who hold ETHK on OKC will receive both ETHW and OKT via airdrop if a fork occurs as a result of the ETH Merge VICTORIA, Seychelles, Sept. 13, 2022 (GLOBE NEWSWIRE) — OKC (OKX Chain), the programmable smart contracts platform backed by leading cryptocurrency platform OKX, has launched new features including IBC transfers and announced that OKC users stand to receive both airdropped ETHW and OKT following the ETH Merge. IBC TransfersOKC’s inclusion of the IBC protocol has opened a bridge between OKC and other public chains that support the IBC protocol. This allows users to transfer assets between OKC and other chains more efficiently. OKC also partnered with Tether this year. OKC’s IBC interoperability and EVM compatibility allow users to enjoy the benefits offered by both the IBC (on Cosmos) and EVM (Ethereum) ecosystems. The new feature also offers developers the opportunity to build with the IBC Relayer and participate in OKC supernodes to share node output. Chaige Li, OKC Ecosystem Lead, said: “At OKC, we believe that cross-chain and multichain interoperability is the future of the blockchain. That is why our team is constantly working towards establishing better interoperability without compromising either scalability or security. Powerful new features like IBC allow us to take steps towards this, while also bringing us closer to our vision of a multichain network that delivers equal opportunity to all.” OKC SwapIn the crypto market, when large orders are placed for an asset with limited availability, there is an increased likelihood of price slippage. OKC Swap is an official DEX, backed by OKX, which delivers safe and stable swaps with reduced slippage. OKC Bridge UpgradeOKC is also launching a bridge upgrade that allows every user who bridges over 100 USD worth of any supported token to OKC to receive OKT in an airdrop. Find out more about the above features here. ETHK Holders to Receive ETHWOKC will also support the new assets that may result from September’s Ethereum Merge. Users who already hold ETHK, which is the wrapped version of ETH on OKC, will receive an equivalent amount of ETHW automatically via airdrop if a fork occurs. Users who import assets into the Web3 wallet before the Merge will also receive enough free OKT to pay for 10,000 transactions on OKC. Find out more here. For further information, please contact:Media@okx.com About OKX Chain OKC (OKX Chain) is an EVM-compatible L1 built on Cosmos with a focus on true interoperability (IBC) and maximized performance. At high scalability, developers can build and scale with low gas fees. The OKC ecosystem and infrastructure, including the all-in-one multi-chain Web3 interface, enables a seamless experience for both developers and users. Find out more about us on: https://okx.com/okc. 

According to Decision No. 343/QD-BNV approved by the Vietnamese Ministry of Home Affairs on April 27th, 2022, Vietnam Blockchain Association was established. It became the first organization with a legal entity for blockchain technology researchers and product developers in Vietnam. The Inaugural Ceremony was held on May 17th, 2022 in Hanoi. It marked the official start for the Association, announced its official Executive Committee, and the principles and the directions for future activities. The focus of the event was on the series of Action Programs that promote blockchain technology’s application in a digital economy and leverage Vietnam’s position on the global technology map. The Action Programs aim to bolster the research and application of blockchain technology solutions to every economic aspect. Vietnam Blockchain Association’s Inaugural Ceremony Vietnam has witnessed the rapid introduction and development of Blockchain technology in recent years. As the number of enterprises, researchers, and engineers pursuing the technology increases, the need for connection, collaboration, sharing, and support also increases. Therefore, an official organization with a complete legal entity to adapt to the Vietnamese Blockchain community’s expansion speed and strong development goals is vital. Vietnam Blockchain Association will bridge the Vietnamese Blockchain community with the Government agencies to build a legal framework for the Blockchain industry, aligning with the nation’s plan to develop a digital economy. At the same time, the Association will be the hub for Blockchain enthusiasts to research, experiment, evaluate, standardize, and foster the application of Blockchain technology in Vietnam.  Cooperation Announcement Ceremony The Association’s missions are: To establish and develop a sustainable relationship with global Blockchain organizations and community; to share insights and resources for in-depth research, experiment, and application of Blockchain, as well as developing products and services and conducting business in compliance with Vietnamese law; to attract investment to blockchain industry activities, and develop high – quality human resource in digital technology.  At the Ceremony, Mr. Tran Van Tung – Deputy Minister of the Ministry of Science and Technology remarked: “Hopefully the Association will utilize its resources for technology and science projects in blockchain so Vietnam can create outstanding products, become an active player in the global blockchain market, and nurture the industry talents for the future.” Mr. Hoang Van Huay – Vietnam Blockchain Association Chairman, shared the Association’s vision: “Vietnam Blockchain Association is committed to raising the community awareness and providing consultation on building legal framework, regulations, and standards in developing services and products on Blockchain. We hope to see many enterprises and individuals joining us to grow the Association into a strong organization to accelerate the growth of blockchain technology in Vietnam.”

Key Takeaways Decentralized derivatives exchange Injective Protocol has announced launch of its mainnet. To accompany the mainnet launch, Injective is also releasing a $120 million program to incentivize liquidity provisioning and trading. The program will allocate the funds to market makers and traders who utilize the protocol based on their activity. Share this article Injective, a cross-chain DeFi protocol for derivatives trading, has announced the public launch of its mainnet today. It’s also rolling out a $120 million liquidity incentive program for traders, market makers, and DeFi projects.  Derivatives Trading Protocol Injective Heads to Mainnet Injective Labs has announced the mainnet launch of its derivatives exchange.  Injective Protocol is a Layer 2, cross-chain protocol for decentralized derivatives trading. It’s built on top of the Tendermint consensus engine using Cosmos-SDK. The Injective decentralized exchange lets users permissionlessly create and trade spot and derivatives crypto instruments across different chains with zero fees and instant transaction finality. Injective Labs claims that the exchange is fully decentralized. It’s also built to be fully trustless, censorship-resistant, transparent, and interoperable while providing a comparable user experience to that found on centralized exchanges. In a press release, Injective Labs co-founder and CEO Eric Chen said of the launch: “Our mission at Injective has always been to build the most powerful cross-chain protocol for completely decentralized derivatives trading. As Injective interconnects new chains, the ecosystem will continue to serve as a DeFi gateway for trading across the multi-chain universe. Injective’s Ethereum-native tooling allows users to simply create and trade new cross-chain markets without the typical roadblocks associated with making transactions across distinct blockchain networks.” To accompany the mainnet launch and promote liquidity provisioning and trading on the protocol, the team has also announced the launch of a $120 million protocol incentive program named Astro. It’s the largest incentive program to date within the Cosmos ecosystem. According to the announcement, the program will allocate the funds to market makers and traders who utilize the protocol based on the volume of their activity. The launch comes during a busy year for Injective Labs. In April, the firm raised $10 million at a $1 billion valuation from some of crypto’s most well-known venture capital firms, including Pantera Capital, BlockTower, Hashed, Cadenza ventures, and CMS. Shark Tank host and Dallas Mavericks owner Mark Cuban also backed the project. Injective’s decentralized exchange has also seen significant adoption, counting over $1 billion in average daily trading volume across 25,000 unique monthly users. Besides exotic financial instruments, the protocol has also added support for commodities, forex, and synthetic stocks trading in 2021. Share this article The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information. You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities. See full terms and conditions. DeFi Project Spotlight: Injective Protocol, a Derivatives DEX Injective Protocol is a decentralized derivatives project that offers fast transaction speeds, deep liquidity, and front-running protection. The project makes up part of the growing DeFi ecosystem that is being… Injective Raises $10 Million for Robinhood Alternative Decentralized derivatives trading platform Injective Protocol has raised $10 million in its latest round of funding. Injective Raises $10 Million Injective Protocol has raised $10 million from some of crypto’s… A Guide to Yield Farming, Staking, and Liquidity Mining Yield farming is arguably the most popular way to earn a return on crypto assets. Essentially, you can earn passive income by depositing crypto into a liquidity pool. You can think of these liquidity… After FAANG Stocks, Injective Protocol Lists GameStop Decentralized exchange (DEX) Injective Protocol has rolled out the first decentralized and commission-free futures trading of GameStop (GME) stock. Injective Competes With US Brokerages  Injective has listed GME futures trading…

Key Takeaways The Polkadot ecosystem will host projects on individual networks called parachains. The first Polkadot parachain auction is set to begin Nov. 11. Acala, Moonriver, and Phala are three standout projects hoping to launch on Polkadot. Share this article The Polkadot ecosystem is preparing for one of its biggest events to date: the launch of parachain auctions.  Polkadot Prepares for Parachain Auctions  Layer 1 smart contract platforms like Solana, Avalanche, and Cardano have exploded in recent months. Polkadot is a similar network with big potential, but it takes a different approach to other Layer 1 blockchains by allowing for multiple chains known as parachains to be built onto the Polkadot network. Polkadot’s founder Gavin Wood touts the network as “a bet against blockchain maximalism.”  The Polkadot network is comprised of a core relay chain to which several parachains connect. Each parachain acts a separate blockchain but comes with built-in interoperability with all other parachains on Polkadot. Parachain slots are limited, so competition is fierce over which projects will be able to secure them through the parachain auctions.   The upcoming parachain auctions are a key steps towards Polkadot achieving its mission to become a scalable multi-chain network. This feature explores parachain auctions and some of the most prominent projects that could be joining the network in the coming months.  What Is Polkadot? Polkadot’s name itself goes some way to explaining how the project works. The Polkadot network can be thought of as an array of circles on a canvas, where each circle represents a different project. Polkadot is the base layer each project is built on. Projects that connect to Polkadot will be interoperable with one another, and every parachain will leverage the security of the Polkadot network while maintaining its own governance structure. Additionally, Polkadot says it is “future-proof” because it can upgrade without hardforks (other similar blockchains like Ethereum regularly complete hardforks for major upgrades).  Polkadot’s Relay Chain launched its mainnet in May 2020, and its DOT token is currently the eighth largest cryptocurrency by market capitalization. Prior to launching Polkadot, Wood played a major role in the development of Ethereum and Solidity, the programming language for apps that run on Ethereum. He went on to set up the Web3 Foundation and Parity Technologies, the teams behind Polkadot, Kusama, and the Substrate programming language.  Polkadot is frequently described as an “Ethereum killer,” though Wood has previously disagreed with this characterization. He recently said that just as one should not bill Microsoft as a Chrysler killer, one should not bill Polkadot as an Ethereum killer.  Polkadot has four main components: the Relay Chain, parachains, parathreads, and bridges. The Relay Chain can be thought of as Polkadot’s heart. Parachains connect to it when they join the network. The Relay Chain itself does not support smart contracts and it only handles a small number of transaction types such as staking. The slots parachains connect to are similar to cores on a computer processor. Bridges, meanwhile, connect parachains and parathreads to external networks such as Ethereum. Parachains are individual blockchains. Parachain auction winners can lease a slot for up to two years. Parathreads, meanwhile, allot eligibility for up to six months on a pay-as-you-go basis.   To achieve consensus, Polkadot needs to fill four roles: nominators, validators, collators, and fishermen. Nominators stake DOT to validators they deem as trustworthy in order to secure the relay chain. Validators also make sure that every parachain “state” sent by collators is correct. Collators maintain parachains and participate in consensus. Fishermen report bad behavior to validators; the role can be filled by both collators and parachain nodes.  What Are Parachain Auctions? The parachain slot auction process was initially tested on Kusama, Polkadot’s Canary Network. On Oct. 13, the Polkadot community approved a proposal to launch parachain auctions. They’re set to commence Nov. 11, with an initial 11 slots due to be auctioned. Eventually, Polkadot is expected to host 100 parachains in total.  The first 11 auctions will be split into two batches: the first batch will be auctioned weekly from Nov. 11, while the second batch will be auctioned fortnightly from Dec. 23. Each auction will last seven days.  The auctions will adopt a modified version of the candle auction format. The winner of each auction will be determined by which project has the most DOT backing it at a randomly selected point. Polkadot will use this methodology to prevent last-minute bidding wars. Parachain auctions can reward leases of up to two years, while leases up to six months are available for parathreads.  Initial Parachain Offerings Many different types of projects can run on a parachain. These include DeFi applications, digital wallets, Internet of Things applications, GameFi projects, and Web 3.0 infrastructure.  As the winning parachain slots go to projects with the highest DOT contribution at the end of the auction, many projects are unable to contribute enough DOT to secure a slot. This is where crowdloans come in.  The so-called “Initial Parachain Offering” (a play on Initial Public Offering for equities) allows DOT holders to contribute funds to a project they want to support, as long as they live in a region that is not restricted from participating in the crowdloan. Many crowdloans have already taken place on Kusama, with hundreds of projects hoping to integrate onto the Polkadot network. It is worth noting that the Web3 foundation could potentially influence the projects that win slots through grants or DOT contributions—it’s already funded several Polkadot projects.    Some projects have adopted strategies such as rewarding DOT contributors through airdrops. Any DOT contributed to a project for an auction gets locked until the lease expires. At that point, the project has the option to enter a new auction to win the slot again.  It is worth noting that Polkadot also has its own “Common Good Parachains.” Slots can be allocated if it is perceived to benefit the overall network, “without requiring a bond, in perpetuity.” Such slots might be filled by a sophisticated governance chain or bridges. …

Key Takeaways Blockchain indexing protocol The Graph has announced its beta integration with NEAR Protocol. Proponents hope this will increase decentralization, further paving the way for Web3. The Graph has integrated with several blockchain protocols this year. Share this article The Graph, sometimes described as a “search engine” for blockchains, has announced its beta integration with NEAR protocol, a scalable, inexpensive Layer 1 blockchain. NEAR is among several blockchains The Graph has integrated with so far, with others including Solana, Binance Smart Chain, and Celo.  The Graph Incorporates Yet Another Blockchain The Graph, an indexing protocol designed to organize public blockchain data and make it accessible to consumers, has announced its beta integration with NEAR Protocol, a Layer 1 blockchain protocol that promotes itself as a scalable, less expensive alternative to Ethereum. NEAR is The Graph’s first integrated protocol that does not use the Ethereum Virtual Machine, which can be thought of as a global processor that developers can use to create and execute Ethereum-compatible smart contracts and dApps. This will allow developers on NEAR to have access to The Graph’s blockchain data indexing, and Indexers will be able to establish and run subgraphs for indexing data to NEAR’s protocol.  NEAR’s indexing and query layer can now become decentralized, like its blockchain layer. This integration between NEAR and The Graph might serve as a further step towards a multi-blockchain future. It is hoped that the integrations will allow developers to spend more time working on their core product, rather than having to maintain a custom indexing infrastructure.  On today’s announced integration, Erik Trautman, CEO of the NEAR Foundation, said: “We started NEAR with the goal of enabling more creators to build on blockchain and to create a more innovative and equitable web infrastructure. Integrating with The Graph is an important milestone for NEAR as we continue to eliminate barriers for developers working toward a decentralized web.”  This is not The Graph’s first major integration this year. In February, The Graph Foundation initially announced its plans to integrate with NEAR, as well as with Polkadot, Solana, and Celo. The next month, The Foundation announced its support for Binance Smart Chain.  The Graph was built to be a critical component of Web3, which proponents conceive of as a decentralized Internet built on blockchains. The Graph allows for more efficient searches of blockchain data across different blockchains (such as trading volume data for an automated market maker like Uniswap), and its network consists of Indexers that serve such queries on blockchain data. In other words, the Graph helps developers find and use data on blockchains. There are roughly 23,000 developers in The Graph ecosystem. NEAR is a blockchain on which developers can build decentralized applications, like Ethereum. In contrast to Ethereum, though, it is meant to be quicker, less expensive, and “climate-neutral.” Today’s integration with The Graph comes at the start of NEARCON, NEAR’s international conference meant to celebrate the progress in the NEAR ecosystem. Yesterday, the NEAR team announced $800 million in funding toward cultivating its ecosystem.  Disclaimer: At the time of writing, the author of this piece owned BTC, ETH, and several other cryptocurrencies.  This news was brought to you by Phemex, our preferred Derivatives Partner. Share this article The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information. You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities. See full terms and conditions. The Graph Adds Support for Binance Smart Chain The Graph is expanding to Binance Smart Chain.  The Graph Expands The Graph, the indexing and querying protocol for the Web3 ecosystem, has added support for Binance Smart Chain. Binance… The Graph Code Review: dApps Need Queries Ok, I’m going to tell you right up-front this is some sexy code, but nobody’s perfect so when I go through this, bear in mind I’m looking for things to… The Graph Expands to Polkadot, NEAR, Solana, Celo The Graph is adding support for Polkadot, Solana, and other Layer-1 blockchains. The Graph Expands The Graph will soon be adding support for Polkadot, NEAR, Solana, and Celo. The Graph…