Author: chainwire

Milan, Italy, January 11th, 2024, Chainwire

Codego Group – a company issuing all types of white-label crypto cards – launched CodegoPay, an innovative payment solution comprising the most sought-after services, including IBANs, cards, and crypto. The app makes it easy for anyone to open a personal or corporate European IBAN bank account with any entity worldwide.

Crypto-friendly banking services are on the rise, and Codego Group meets this high demand with a new payment solution. CodegoPay enables users to send and receive instant SEPA/SEPA payments from virtual asset exchanges in real time. The company ensures high-security standards by following the most rigid anti-money laundering and transaction monitoring rules. However, it does not limit the users’ accounts for investments or trading, enabling residents of any state (except sanctioned countries) to use the app.

A CodegoPay personal account comes with several benefits and utilities, such as:

• Users can open a European IBAN with a prestigious European banking entity quickly and easily.
• Engage in secure SEPA/SEPA INSTANT transfers across 33 countries.
• High safety standards with biometric authorization payments.
• A Direct Debit IBAN feature to automate recurring transactions.
• Low-cost operations thanks to CodegoPay’s guarantee for some of the best fees on the market
• No setup costs or monthly fees.
• 3 types of CodegoPay personal accounts, depending on the country of residence’s risk level (Low, Medium, and High).

The CodegoPay team developed its product to be more than a crypto-friendly IBAN. For instance, personal account users can buy and sell cryptocurrencies directly from the CodegoPay dashboard with their own IBANs. More importantly, they can convert crypto assets like Bitcoin to EURO directly within the app. As a result, users no longer require accounts on crypto exchange platforms, as they can rely on CodegoPay to have their banking account and crypto wallet in the same place.

Alternatively, users can open a dedicated CodegoPay Business Bank Account in Europe to send and receive instant SEPA/SEPA EURO payments. The app’s smart routing system enables safe and instant EURO transfers in the EU and EEA. Moreover, the company ensures maximum security, and it is EMI-regulated under the National Bank of Belgium as an agent with a European passport.

Opening a CodegoPay Business account is quick and easy, requiring only 10 minutes to complete the process. It is free to set up and enables users to have a multi-IBAN account, including a local BE IBAN and a direct debit IBAN, while paying some of the lowest fees available.

About Codego

Codego provides financial solutions and issues all types of cards, including prepaid, debit, and corporate. It is licensed in several countries as an agent providing wallet custody, exchange services, virtual asset services, and more. The Codego team boasts 12 years of experience in programming, finance, cryptocurrencies, and authentication systems.

Codego Group is present in 12 countries with physical offices and related licenses. While each local company is owned and operated independently, they provide a single comprehensive service, including the experience of financial services, financial platforms, and financial licensing. Furthermore, it has over 35 redundant service providers, including card processors, issuer cards, banks, and SEPA gateways.

users can learn more about Codego at these links: Website | Twitter | Instagram | LinkedIn

Contact

Salvatore C.
banking@codegotech.com

Granite city, United States, January 9th, 2024, Chainwire

In the fast-paced world of digital marketing, the integration of Non-Fungible Tokens (NFTs) marks a significant turning point. Leading this innovative wave is Payvertise with its $PVT token, ushering in a new era where transparency and engagement are not just goals, but realities. This movement isn’t just about adopting new technology; it’s about reshaping how we engage with digital content and advertisements.

NFTs, once the domain of digital art and collectibles, are now making a bold entrance into advertising. This transition offers unique opportunities in digital marketing, changing the game for advertisers and consumers alike. NFTs provide undeniable proof of ownership and originality for ad spaces, solving long-standing challenges in the digital advertising world.

The $PVT token, Payvertise’s bespoke cryptocurrency, enhances this landscape. It’s not merely a digital currency but a key player in a new ecosystem, streamlining transactions and fostering active participation in the advertising process. This token ensures a seamless, secure exchange within the NFT marketplace, incentivizing quality and innovation in advertising campaigns.

Unveiling the Power of NFT-Based Ad Spaces

The advent of NFTs in the realms of art and collectibles has marked a significant shift in the perception of digital ownership. As these digital tokens make their foray into digital advertising, they are setting a groundbreaking precedent, reshaping the very fabric of how ad spaces are owned, managed, and valued.

Innovative Pricing Models Transforming Digital Advertising

The integration of NFTs into the advertising sphere brings forth several innovative pricing models, each tailored to meet the specific needs and objectives of diverse advertising campaigns:

– Cost Per Click (CPC) NFTs: Focused on performance, these NFTs ensure advertisers pay only for user engagement in the form of clicks. This model is ideal for campaigns aiming for immediate user actions.

– Cost Per Impression (CPM) NFTs: Suitable for building brand awareness, these NFTs charge based on the number of ad views, offering wide visibility.

– Cost Per Action (CPA) NFTs: Aligning costs with specific marketing goals, CPA NFTs are perfect for campaigns targeting particular user actions like purchases or sign-ups.

– Cost Per Lead (CPL) NFTs: Designed for lead generation, these NFTs enable payment upon acquiring qualified leads, crucial for businesses looking to expand their customer base.

– Cost Per View (CPV) NFTs: Ideal for video content, CPV NFTs cater to campaigns where engagement is measured by views or interactions, aligning well with content-driven strategies.

– Cost Per Engagement (CPE) NFTs: These NFTs suit ad spaces where deeper user interaction with the content is desired, encouraging the creation of compelling and engaging ads.

– Revenue Share NFTs: Perfect for long-term partnerships, this model allows advertisers to share a portion of the revenue generated through the ad, aligning the interests of both the website and the advertiser.

Each of these models is backed by smart contract technology, ensuring transparency, reliability, and efficiency in the billing and payment process. This diverse range of NFT-based ad space models empowers advertisers with choices that align closely with their specific campaign goals and strategies, heralding a new era of customized digital advertising.

Flexibility Through Time-Limited NFT Leases

In the ever-changing landscape of digital marketing, flexibility is not just a benefit – it’s a necessity. Time-limited NFT leases are a testament to this flexibility, offering a dynamic approach to digital advertising that traditional models can’t match. This innovative leasing system allows advertisers to ride the waves of market trends and consumer interests without being anchored to long-term commitments. 

These leases cater to the reality of the digital world – a realm where consumer preferences shift rapidly and marketing strategies must pivot swiftly to stay relevant. With time-limited leases, advertisers can engage in short-term campaigns, experiment with different strategies, and optimize their marketing efforts based on real-time feedback and results. This approach not only maximizes the impact of advertising campaigns but also reduces the risks associated with longer commitments in a fast-evolving market.

Secondary Market: Adding a New Dimension to Advertising

The introduction of a secondary market for NFT leases is nothing short of a game-changer in the world of digital advertising. This new marketplace opens doors to opportunities previously unexplored in the advertising sector. Advertisers now have the flexibility to sell or transfer their NFT leases, enabling them to respond to market shifts and capitalize on the demand for high-value ad spaces.

This secondary market doesn’t just offer flexibility; it also introduces the potential for profit. High-demand ad spaces, much like sought-after art pieces in the NFT world, can appreciate in value. Advertisers can leverage this appreciation, selling their leased spaces in the secondary market for a profit. This aspect of the NFT marketplace adds an investment angle to digital advertising, turning ad spaces into assets that can yield returns beyond their initial advertising value.

$PVT Token: A Catalyst for Engagement and Quality

At the heart of Payvertise’s ecosystem lies the $PVT token, a cryptocurrency designed to enhance the NFT advertising experience. Here’s how it works:

– Voluntary Participation for Websites: Websites are not burdened with token staking, ensuring their participation is hassle-free and inviting.

– Token Staking for Advertisers: Advertisers stake $PVT tokens to bid or purchase ad spaces, signifying commitment and fostering a quality-driven marketplace.

– Rewards and Incentives: Active advertisers are rewarded, encouraging continued participation and investment in the platform.

Pioneering a New Standard in Digital Advertising

The advent of NFT-based ad spaces and the $PVT token is not just a fleeting trend; it’s a forward-thinking approach that is reshaping the future of digital marketing. Payvertise is at the forefront of this transformation, offering a platform that is transparent, efficient, and aligned with the needs of advertisers, websites, and consumers alike. As this model continues to evolve, it promises to set new standards in the advertising industry, redefining how digital campaigns are crafted and delivered.

About Payvertise

Payvertise is a blockchain-based digital advertising platform that integrates cryptocurrency and NFTs, offering a unique revenue-sharing model for token holders and innovative advertising solutions.

Contact

PR
Mason Callahan
Payvertise
contact@payvertise.com

London, UK, January 9th, 2024, Chainwire

Having surpassed $3 million raised in 3 months, the Memeinator presale is progressing at a blistering pace, with everything on track for the project plans in Q1.

Currently priced at $0.0176 in stage 11 of its presale, there are only 4% of tokens left at this price before the stage sells out.

Memeinator (MMTR) seems to have timed its launch perfectly, with the return of favorable market conditions in 2024 providing powerful tailwinds.  

This momentum has created significant attention, with coverage from Cointelegraph, Bitcoinist.com, CoinJournal, and Bankless Times – as well as endorsements from notable crypto influencers like Scott Crypto Warrior and Alan Rogers.

Adding momentum to this runaway project is the highly-anticipated announcement of the Meme Warfare game partnership. Full details will be revealed during upcoming AMAs.

Speaking on Memeinator’s recent progress Marco Tonetti, Head of Product, stated that:

“Memeinator’s incredible momentum means that everything is in place for a successful launch. Multiple factors, including the imminent announcement of our game partner and the overwhelming positivity within the meme coin market, are setting the Memeinator project up for success.”

Users who are interested in Memeinator (MMTR) can purchase it on the official site. 

Riding the recent surge

As outlined in a recent Coindesk piece, late 2023 was the start of another meme coin bull run, now rippling out into other areas. The resurgence in popularity for coins like BONK has in turn boosted the likes of Sola​na, likely influencing The Avalanche Foundation’s consideration of meme coins as part of their portfolio.  

The shift is characterized by investors’ increasing desire for quality meme coins that have a positive impact on the crypto community. 

This compounds the positive sentiment in the crypto space, mostly fuelled by anticipation of the Bitcoin halving and numerous ETF applications allegedly on the brink of acceptance. 

Riding such waves is a key part of the Memeinator team’s strategy to try to hit a $1 billion market cap. Combined with their viral marketing methods and referral program and positive sentiment, the team hopes Memeinator continues to grow to become a notable project with a vibrant community.

The project’s first staking pool is already open, offering an enticing 45% APY. The pool is fuelled by 27 million MMTR tokens, and user tokens will be locked for 180 days, at which point they can withdraw. 

As an additional incentive, a portion of the 7.5% of the tokens dedicated to a competition pool has been set aside for the grand prize; a trip to space with Virgin Galactic. Announced at the end of the presale, one lucky MMTR holder will have the opportunity to enter orbit – similar to the likely fate of their tokens.   

The technology at the heart of it

Memeinator is piggybacking on the rise of GameFi, an industry that is expected to surpass $90 billion in revenue over 7 years. To achieve this, the team is developing their Meme Warfare game experience, which will offer exclusive rewards to MMTR token holders. 

Meme Warfare will combine sentiment analysis with shoot-em-up gameplay. As the meme coin market shifts, Memeinator’s AI will scan the Web for sentiment around rival coins. Coins with zero merit and insufficient buzz will be fed into the game as characters for players to destroy in a symbolic act of shitcoin defiance. 

This incorporation of gaming and AI places Memeinator in a prime position to benefit from the growth of the looming juggernaut that is the GameFi industry. Combined with the current bull run, there’s every indication that the team behind the MMTR token is planning for the long term.

Memeinator is currently in Stage 11 of its ICO, with tokens priced at $0.0176, with only 4% tokens left before Stage 12. With the market behaving the way it is, the team would hope MMTR would follow in the steps of BONK, which saw token value increases of over 1400% in 2023.

About Memeinator

Memeinator is the antidote to the hundreds of throwaway meme coins that lack any legitimate utility. With its deflationary token, engaged community, expertly crafted NFT collection, and AI-powered video game, it offers real innovation instead of just hype. Its purpose is to eclipse its rival meme coins. And, on the way, deliver strong returns to its community via both trading its MMTR coin and staking, before smashing the $1 billion market cap.

For more information and to buy Memeinator (MMTR) visit the website.

Website | Whitepaper | Socials

Contact

Memeinator Team
Memeinator
pr@memeinator.com

New York, United States, January 3rd, 2024, Chainwire

PawFury’s invites gaming enthusiasts to the forefront of play-to-earn innovation with its latest launch, $PawFactory. Users are invited to dive into a world where their gaming prowess and investment savvy are equally rewarded. PawFury’s live presale offers more than just a pass to gaming; it’s a portal opportunity to earn bonuses of up to 149%. This event allows enthusiasts to enhance their gaming journey while potentially increasing their rewards.

Introducing $PawFactory: A Blend of Earning Opportunities and Gaming Excitement

At the core of PawFury‘s offerings is $PawFactory, a platform enabling users to:

• Stake $PAW Tokens: Offers a chance for token holders to engage in staking activities.
• Bonus Stage Rounds: Providing engaging new game levels with enhanced rewards.
• Referral Bonuses: Encouraging network expansion and community-driven bonuses.
• In-Game Rewards & NFTs: Offering opportunities for trading, staking, and potential earning in a vibrant digital landscape.

Presale Opportunity: Early Access, Potential Rewards

The presale period offers significant price discounts and bonuses, encouraging early participation for maximum potential returns in a growing play-to-earn domain.

About PawFury

PawFury is revolutionizing the play-to-earn sector by creating a rewarding platform for both gamers and investors. It’s more than just a game; it’s an evolving ecosystem of rewards and opportunities. PawFury is committed to being a dynamic part of the gaming evolution.

Contact

Head Of Marketing
Jessica Andersson
PawFury
info@pawfury.com

Zug, Switzerland, January 2nd, 2024, Chainwire

In collaboration with Telekom MMS, a wholly-owned subsidiary of Deutsche Telekom, stc Bahrain, Heartcore Capital, Arca Finance, Cardinal Cryptography, and others, the hybrid event offers different tracks with up to $575K USD in bounties and funding opportunities.

 The Aleph Zero Foundation, committed to the advancement and adoption of the Aleph Zero blockchain, today announced the launch of CTRL+Hack+ZK, a comprehensive hackathon event. Spanning from January 10th to January 31st, 2024, this event will be held virtually. CTRL+Hack+ZK represents Aleph Zero’s most immersive hacking event to date, designed to spur innovation and collaboration in the blockchain space.

CTRL+Hack+ZK invites developers, whether seasoned or new to Web3, to immerse themselves in a three-week virtual hacking experience. Participants will engage in Rust and ink! workshops, educational programming, as well as hands-on mentorship with Aleph Zero’s core development team and ecosystem partners.

Previous Aleph Zero hackathons have been the birthplace of success stories like AZERO.ID and Syncra, which have become integral to the Aleph Zero ecosystem. CTRL+Hack+ZK offers a launchpad for developers to turn their innovative ideas into reality, with the opportunity for projects to be integrated into the growing Aleph Zero ecosystem.

“We’re honored to partner with some of the world’s most esteemed organizations in different sectors for the CTRL+Hack+ZK hackathon. Their endorsement energizes our mission to expand the Aleph Zero ecosystem,” said Antoni Zolciak, Co-Founder of Aleph Zero. “Our focus remains steadfast on delivering exceptional user experience that prioritizes privacy, compliance, and speed. This hackathon is put together to help spread the overall adoption of Web3 with a primary focus on building the application layer using the Rust and ink! programming environments.”

Top-Line Partnerships and Opportunities

The hackathon partners include MMS Telekom, a wholly-owned subsidiary of Deutsche Telekom, Saudi Telecom Bahrain, idOS, Cardinal Cryptography, Generative Ventures, Heartcore Capital, WW Ventures, Blockchain Founders Capital, and Buidlers Tribe. Additionally, collaborators from Franklin Templeton Investments, Block54, RR2 Capital, and more, will serve as hackathon judges, providing significant exposure opportunities for participants.

Teams from existing Aleph Zero ecosystem partners will share their experiences, offering practical insights and learnings that can guide new hackathon entrants in the development of their own projects within the ecosystem.

Fostering Innovation Across Diverse Tracks

With prizes ranging from $2K to $20K USD from the $75K USD pool, as well as an opportunity to get fast-tracked for up to $500K in follow-on funding, the hackathon tracks include:

• Telco: This track invites developers to transform the telecom sector leveraging Aleph Zero’s advanced tools, focusing on optimizing existing infrastructure and conceptualizing new services, setting the stage for future telecommunication advancements.
• DeFi: Developers are encouraged to harness Aleph Zero’s privacy-centric framework to craft unique DeFi solutions and services.
• DiD: This track will explore identity-related solutions leveraging Aleph Zero’s native privacy stack and network of interoperable tooling libraries to enable secure and decentralized identity management.
• Gaming: Participants are encouraged to creatively employ Aleph Zero for developing NFT-based in-game items, enhancing game development through Aleph Zero’s specialized libraries, crafting smart contracts for in-game transactions and collectibles, and building indexers for gaming data.
• Tooling and Infrastructure: This track will focus on developing applications, node providers, libraries, and tools that enhance the developer experience and ecosystem around Aleph Zero.

Schedule and Participation Details

The hackathon will kick off with the Aleph Zero ecosystem Town Hall on January 10th, followed by a series of workshops, intensive hacking sessions, and a demo day. Winners will be announced on February 5th, with prizes, mentorship opportunities, and potential inclusion in the Aleph Zero Ecosystem Funding Program, which, to date, has distributed nearly $4M in grants across various teams and products.

For more information and to register for CTRL+Hack+ZK, visit https://hack.alephzero.org/.

About Aleph Zero

Aleph Zero is layer 1 blockchain engineered for speed and opt-in privacy, achieving efficiencies akin to conventional web2 systems. It upholds rigorous standards for data privacy and transaction security, while aiming for genuine decentralization over time. Aleph Zero’s versatility is highlighted by over 40 use cases being actively developed, showcasing its adaptability across various sectors and applications.

https://www.youtube.com/watch?v=pC6LcyTN2Ok

 

Contacts

Ana
ana@serotonin.co
Martyna
martyna@serotonin.co

London, UK, December 22nd, 2023, Chainwire

Revolutionary Web3 Platform Prepares to Award $1 Million USDC Prize

MetaWin, the premier web3 competition platform leveraging blockchain technology, is counting down the last 6 hours in its record-breaking MetaWin Millionaire prize draw, where one lucky player will win a life-changing $1 Million USDC!

$1 Million Grand Prize Draws in Less than 6 Hours

With the competition ending today, December 22nd at 21:00 GMT, there is still time to secure a free entry into the $1 Million USDC sweepstakes before registration closes. 

The $1 Million USDC prize is already staked in a smart contract on-chain, and will be instantly transferred to the randomly selected wallet, making one lucky participant an instant millionaire. 

Crypto Twitter Abuzz with Anticipation

Interest in the competition is reaching fever pitch with multiple influential accounts entering the draw, with Pranksy, dannycrypt, sibel and noteezzy all showing off their entries.

But even with the excitement mounting, there are currently just over 5000 registered entries, which still offers attractive odds for new participants.

Just Released: More than 50+ Eth in Free-to-Play NFT’s 

To celebrate the momentous countdown to the World’s biggest crypto prize, Metawin has just announced the release of 50+ ETH worth in NFT’s in free-to-enter competitions. The competitions range in value from smaller, but high-quality projects, to more established blue chips such as Killabears, Miladys, Otherdeeds and more. Entries are capped to ensure equal chances of winning, and just require a small gas fee to register the entry on the Ethereum blockchain. 

With new NFT prizes hitting the site every 30 minutes, participants can join in the excitement throughout the next 6 hours until the draw of the $1 Million USDC main prize.

MetaWin’s Exciting Journey: Anticipating the $1 Million USDC Winner

With the countdown clock ticking down the final hours, MetaWin invites all potential participants to seize the moment and claim their chance at the $ 1 Million USDC prize. 

Users can claim their free entry via this link: Opportunity for Users to Win $1 Million USDC – Free Entry Available

MetaWin extends its best wishes to all entrants and looks forward to announcing the fortunate victor.

About MetaWin

MetaWin stands at the forefront of on-chain competition platforms, revolutionizing the landscape of digital contests. Through harnessing the power of blockchain technology, MetaWin delivers a competition experience characterized by transparency, fairness, and excitement. With a track record of substantial giveaways and an unwavering commitment to innovation, MetaWin is shaping the future of online competitions.

Contact

MR
MetaWin PR
MetaWin
press@metawin.inc

Zug, Switzerland, December 21st, 2023, Chainwire

After the successful launch of Testnet 1, paving the way for the upcoming Streamr Network 1.0 milestone, Streamr is excited to announce the start of Testnet 2! This second incentivized testnet, starting on 21st December and concluding on 8th January 2024, will see a reward pool of 1.5 million DATA tokens (approx. $104k USD as of 21/12/24) available for node Operators to bootstrap a next-generation decentralized data broadcast network. 

Key dates and rewards:

• Testnet 1 (completed): 5th December – 12th December (Reward Pool: 1 Million DATA ($69k)) 
• Testnet 2: 21st December – 8th January (Reward Pool: 1.5 Million DATA ($104k))
• Testnet 3: 15th January – 29th January (Reward Pool: 2.5 Million DATA ($173k))
• Streamr 1.0 Official Release: February 2024

How to participate in Testnet 2

As with Testnet 1, to earn a share of the DATA rewards, participants will either need to download the latest version of the Streamr Node and become an Operator, or simply delegate their DATA tokens to a reliable Operator.

An Operator’s nodes follow the protocol rule of properly forwarding messages to other connected nodes with good uptime and sufficient hardware resources to handle the traffic of the available incentivized streams. Delegators support these operations by providing liquidity in the form of DATA tokens.

Stream Sponsorships are smart contracts that release funds over time to Operators (node runners). This system mirrors service level agreements (SLAs) in traditional networks, ensuring reliable data distribution. The amount of DATA tokens the Operator stakes on the Sponsorship determines the size of their share of the token flow. 

Read more on how the various roles fit together in this blog. 

Testnet 2 details

Testnet 2 will be funded with 1.5 million DATA tokens ($104k). These stream Sponsorships will run until the end of Testnet 2, which finishes on 8th January 2024. Node Operator penalties will stay at the same low level as in Testnet 1.

Next-gen use cases to unlock in 1.0

The 1.0 milestone marks the culmination of the 2017 roadmap, unlocking the peer-to-peer market forces between Sponsors and Operators so that distribution is paid for with the currency of the Streamr Network—DATA. This makes the Network fully decentralized, production-ready, and paves the way for the team to explore some exciting new use cases:

DePIN

The 1.0 release will make the Streamr Network better positioned to enhance the data broadcasting capability of Decentralized Physical Infrastructure Networks (DePINs). As DePINs move away from centralized data centers towards a network of individual contributors, the Streamr Network’s serverless, secure, and scalable design shows promise to align and offer a platform that helps DePINs to progressively decentralize their tech stack.

Decentralized AI

Streamr also has the potential to serve as a neutral data layer, providing AI with reliable, tamperproof access to real-time data streams. This is crucial for AI reliability, development and ensuring transparency and safety in AI operations. The Streamr Network might further be deployed in communication and coordination between AI Models. These models could gather and share real-time insights amongst each other to level up their collective intelligence. There’s a lot to be explored, and with concerns about the future dangers of AI, verifiable communication through neutral and decentralized networks such as Streamr show promise to contribute towards the mainstream adoption of AI in our everyday lives. 

Decentralized video streaming

Behind closed doors (for now at least) Streams has been testing the scalability and stability of decentralized live video feeds. Live video streaming with a P2P protocol such as Streamr may offer a path to eliminate the need for centralized intermediaries used today to distribute content around the world. The Streamr protocol allows the live video feed consumers to become the video feed’s distribution pipeline, which could make for a more efficient, greener and scalable distribution mechanism.

Earlier this year Streamr streamed the MapMetrics bitcoin live feed directly from YouTube. The team promises to have more to share on this track in the coming weeks.

Get started with Testnet 2

Streamr invites users to join this journey towards a fully decentralized data economy. Users can prepare nodes to claim a share of the remaining 5 million DATA tokens and be a part of the future of decentralized real-time data.

For support, feedback, and updates, users can join the Streamr Discord community, focusing on the #⁠testnet-general and #testnet-announcements channels.

About Streamr

Streamr is building the real-time data protocol of the decentralized web. This includes a scalable, low-latency and secure P2P Network for data broadcasting, delivery, and exchange. As part of the vision, Streamr has built The Hub—a dApp that champions open data to help DePin, AI, and Web3 builders decentralize their tech stack with real time data flows. The Streamr project was started by real-time data veterans with backgrounds in algorithmic trading and finance markets. 

Contact

Chief Marketing Officer
Mark Little
Streamr Network
media@streamr.network

Grand Cayman, Cayman Islands, December 20th, 2023, Chainwire

Solend’s expansion is set to compound Sui’s remarkable DeFi momentum, which has seen TVL grow by over 500% since September.

Solend, the top lending and borrowing protocol on Solana, today announced its impending launch on the Sui blockchain, which was created by a team of technology leaders that emerged from Facebook’s blockchain initiative. This new integration marks Solend’s first deployment on a blockchain other than Solana and underscores the team’s confidence in the strength of Sui’s technology and the Sui network’s potential as a long-term partner.

As the largest lending and borrowing product on Solana, Solend boasts over $140 million in total value locked (TVL) across over 170,000 users and supports over 70 assets. Solend also currently has over 20 developer integrations, making it one of Solana’s most prominent platforms for DeFi development. Expansion to Sui will introduce Solend’s robust DeFi offerings to a new community of users and bring even more builders to the Sui ecosystem. 

Rooter, the pseudonymous Founder of Solend, said, “We’re not maximalists by any means — I left that behind when I left Ethereum. We’re building on Sui for the same reason we decided to build on Solana three years ago: because they’re doing something special. For Solana it was performance, for Sui it’s the developer experience. The current state of smart contracts doesn’t reflect the aspirations of the industry. Move fixes this. Most of the team is 100% focused on Solana, and we’ve spun up a sub-team dedicated to Sui.”

The Solend expansion news comes on the heels of Bluefin, an ascending DEX with over $100 million in daily volume, announcing they will build their V2 exclusively on Sui and unveiling their product roadmap for well into 2024. 

It is critical for a growing DeFi platform to secure the assets entrusted to it, and Sui is leaving no stone unturned in safeguarding its ecosystem. Security on Sui starts with the security features embedded in the Move language itself, which add a unique protection for smart contracts on Sui Further, Sui supports its developers by working with partners and leading blockchain security firms, Zellic and Ottersec, to check projects’ individual codebases. Solend’s code will benefit from their rigorous audits that will ensure that the application meets the highest security standards and is fully compatible with the Sui blockchain. 

At the same time, for DeFi application builders, top-tier performance in the underlying network and easy access for new users are also paramount. From a performance perspective, DeFi projects on Sui benefit from the network’s use of parallel processing for the vast majority of transactions, which results in unprecedented low latency and enables horizontal scaling. It was this same technology stack which enabled Sui to benchmark a peak throughput of up to 297,000 TPS and time to finality of ~480 milliseconds, and in just its fourth month to achieve the greatest number of transactions processed in a single day by any blockchain network ever. 

Likewise, for accessibility, Sui offers DeFi protocols extremely easy onboarding for new users through its native zkLogin feature which enables end users to authenticate with the same Web 2 social logins from Google, Twitch and others that they are already familiar with. Any DeFi protocol building on Sui can incorporate zkLogin, eliminating the need for new users to manage wallets and seed phrases and removing a huge hurdle to mainstream use of DeFi protocols on Sui, while still remaining non-custodial. 

“Solend has achieved a level of success that is unmatched by the vast majority of projects in our industry and we are thrilled to welcome them to the Sui ecosystem,” said Greg Siourounis, Managing Director of the Sui Foundation. “Sui was created with the scalability and efficiency that DeFi projects require at its core. We look forward to Solend’s continued upward trajectory building on Sui.”

The Solend team brings a wealth of experience with both the Web2 and the Web3 world, with members having previously worked at industry stalwarts Coinbase, Robinhood, Cruise, Twitch, and Two Sigma. Solend is backed by a strong group of investors, including Dragonfly, Polychain, Race Capital, and Coinbase Ventures.

Contact

Sui Foundation
media@sui.io

Zug, Switzerland, December 19th, 2023, Chainwire

Gelato announces expansion of its all-in-one Rollup-as-a-Service (RaaS) Platform. In addition to supporting Polygon CDK, Gelato now also services the OP Stack, the Optimism Collective’s open-source, modular development framework. As part of this expansion, Gelato enables Lisk, a Layer 1 blockchain launched in 2016, to join the Ethereum ecosystem by migrating to an Ethereum Layer 2. Lisk will join OP Mainnet, Base, and other OP Chains as the first Layer 1 committing to Optimism’s Superchain vision.

“Gelato’s expansion of support to the OP Stack underscores our mission to revolutionize the blockchain arena. By democratizing access to a modular blockspace, we’re empowering a diverse range of creators to deploy their unique, ready-to-launch Layer 2 blockchains. This pivotal move will unlock the full potential of mainstream crypto applications, marking a new era in blockchain adoption.” – Luis Schliesske, Founder at Gelato

Designed to alleviate the congestion problem of the Ethereum mainnet, the OP Stack is the standard, open codebase that powers the Optimism ecosystem and was built to support the Superchain. By leveraging Gelato’s Rollup as a Service platform, in addition to deploying, hosting, and monitoring of new Layer 2 chains, the OP Stack now gains native integrations with Gelato’s industry-leading Web3 middleware services including automation, off-chain data, and Account Abstraction to enable superior UX. Moreover, the platform provides out-of-the-box, native access to tier-one web3 services such as Etherscan, The Graph, LayerZero, and many more.

Layer 2 chains deployed with Gelato, like Lisk, get much more than the underlying blockchain. Layer 2 chains gains access to a fully production-ready web3 development environment. This is the first time in web3 that developers have access to an end-to-end serviced OP Chain with all necessary infrastructure dependencies deployed right from the start.

“We are excited that Gelato has extended support to the Superchain as a RaaS provider for Lisk, making it easier for developers to onboard new users into the Superchain ecosystem,” — said Ben Jones, Chief Scientist at the Optimism Foundation. “Gelato has already executed a million transactions on OP Mainnet for projects like Synthetix, Lyra, and Velodrome, and we’re looking forward to Gelato bringing their developer expertise to help bring the Superchain vision to reality.”

With just a few clicks and without the need to write any code, using Gelato Rollup-as-a-Service Platform anyone can easily deploy their fully serviced OP Chain, freeing up developers to focus on growing their core business.

“Using Gelato’s Roll up as a Service Platform allows the Lisk research and development team to be primarily focused on building additional products and tooling that developers and end users love, while also committing resources to the Superchain’s development.” – says, Dominic Schwenter, Chief Project Officer at Lisk

Gelato and Optimism share a vision of a world with thousands of interconnected blockchains, enabling the horizontal scaling of web3 applications. Gelato’s Rollup-as-a-Service platform will serve as a key component of this environment, running its customers’ underlying blockchains and offering an end-to-end development environment with integrated essential developer infrastructure services.

About Gelato

Gelato is an all-in-one Ethereum Rollup as a Service Platform built without limits. Designed to be super-fast, incredibly secure, and infinitely scalable, Gelato rollups allow anyone to build and deploy their fully serviced Layer 2 chains at a pace natively integrated with Web3’s favorite tools and services launching a production-ready web3 development environment from the Genesis block.

For more information visit Gelato’s: Official Website | Telegram | Twitter

About Optimism

Optimism is a project dedicated to scaling Ethereum’s technology and expanding its ability to coordinate people from across the world to build effective, decentralized power structures. The Optimism Collective builds best-in-class software for running L2 blockchains and aims to address key governance and economic challenges in the wider crypto ecosystem. The Optimism Collective is also committed to building a sustainable ecosystem through Retroactive Public Goods Funding. By rewarding the impactful projects, Optimism is scaling Ethereum’s present to provide funding for its future.

About Lisk

Lisk provides a cost-efficient, fast, and scalable Layer 2 (L2) network that is secured by Ethereum. As a long-standing Web3 infrastructure project, Lisk has been democratizing blockchain accessibility for developers and end users globally since 2016. Its core focus is to solve local problems in Emerging Markets by bringing solutions around real-world assets (RWA), off-chain assets (OCA), and DePIN onchain. As a member of the Optimism Superchain Lisk is contributing to onboarding the next 1 billion people to Web3.

Contact

Head of Marketing
Ella Jonas
Gelato Digital GmbH
press@gelato.digital