Author: chainwire

Rotterdam, Netherlands, 21st February, 2023, Chainwire

Spheroid secures $25 million in an investment commitment from ABO Digital as a strategic financing partner.

Spheroid is an AR/XR platform that uses the SPH utility token for powering all the activities in its ecosystem.

This funding commitment from ABO Digital marks a significant milestone for Spheroid, which plans on using the funds to continue building tools and capabilities within Spheroid Universe, such as Spheroid Script (A cross-platform programming language developed to speed up and reduce the cost of developing AR/XR applications) and Spheroid Demiurge IDE (Cloud-based integrated development environment for programmers and designers who work together on AR/XR projects), among others. 

“This commitment from ABO Digital will enable Spheroid to continue developing and scaling the infrastructure within Spheroid Universe,” said Spheroid Universe Managing Director Andrea De Marco.

“We are excited to work with the Spheroid team going forward,” said Amine Nedjai, Director of ABO Digital, “Spheroid is building essential tools for creators in the AR/XR space which we believe will be seeing increased demand over time.”

About Spheroid

Spheroid Universe (Spheroid), an extended reality metaverse company, has announced that it has secured an investment commitment from ABO Digital for its utility token SPH. Spheroid is a platform for developing extended reality projects. The technological basis of the platform is the Spheroid XR Cloud and the Spheroid Script programming language designed for AR/XR creation. 

SPH is the native token of the Spheroid ecosystem that fuels the activities of the platform. It can be exchanged for Spaces (virtual lands of the Spheroid Universe), used for advertising in XR, placing content, and for various platform services. Among the products powered by SPH there is Spheroid Earth – an open global project for creating Earth 3D Digital Twin.

About ABO Digital

ABO Digital is a digital asset investment firm, and part of the Alpha Blue Ocean group which has executed more than $2bn in financing commitments for publicly listed companies across the globe. ABO Digital is based in the Bahamas and invests in cryptocurrency projects globally.

Contact

Managing Director
Andrea De Marco
Spheroid Universe
info@spheroiduniverse.io

Zug, Switzerland, 21st February, 2023, Chainwire

Sensorium is announcing that the Sensorium Galaxy metaverse has entered its much-awaited VR multiplayer public playtest as it opens up access to more virtual reality and content features inside virtual worlds, while also laying out a new metaverse doctrine. 

Delivering on its promise to develop a full-fledged metaverse with unparalleled entertainment offerings, Sensorium is unveiling PRISM, a virtual world dedicated to music, as the first destination to become available to users. Inside this environment, visitors can experience the 24/7 galactic Sensorium Party where Sensorium’s pioneering AI avatars can be seen performing. 

The new stage enables users to become familiar with the metaverse’s VR mechanics, its immersive environments, and avatar customization options.

Users will also have the opportunity of interacting, for the first time, with others in VR and via voice chat, meeting not only other human participants but also AI virtual beings.

Sensorium Galaxy is emerging as the first AAA-inhabited metaverse with a community of AI-powered avatars populating its virtual worlds. Here, social AI is a core technology in powering next-generation networking relationship building and content creation, for users and artists alike. 

Sensorium’s press secretary, the AI-driven avatar Yonaka, offers a detailed look at the company’s global metaverse doctrine.

In another demonstration of the groundbreaking capabilities of generative AI technology to hold contextual conversations, Sensorium is now also unveiling the Salvador Dali Experience, a VR environment where users are invited to meet the AI avatar of the late genius and chat with Dali’s virtual being across an endless variety of topics.

Based on these features, Sensorium is opening up a pathway for users to live out alternative life scenarios, build a digital self, and attain digital immortality, whereby they choose the digital footprint they’re leaving behind and allow future generations to interact with. 

Built on top of Unreal Engine 5 as well as advanced VR and AI technologies, the depths of Sensorium Galaxy unfold across several virtual worlds, each dedicated to different types of entertainment and filled with curated content. 

Developed in collaboration with nightlife entertainment visionary, music trendsetter, and Hï Ibiza and Ushuaïa Ibiza founder Yann Pissenem, PRISM world is already a confirmed destination for shows by acclaimed world-class performers, including David Guetta, Carl Cox, and Black Coffee, among others. The first three performances in PRISM are slated to take place during the first half of 2023. The second half of the year will also see the release of MOTION, introducing users to more ‘virtual life’ mechanics of Sensorium Galaxy. 

Crucial to all metaverse activities, Sensorium Galaxy’s in-platform token, SENSO, will continue supporting the entirety of the ecosystem, across activities and offerings such as premium content and NFT drops.

NFT drops scheduled for 2023 include DAPP avatars and UNDER land tokens. These assets will be used in Sensorium’s decentralized platform, which ensures that all users have ownership over their digital assets and are the sole entity responsible for decision-making over their virtual possessions. Starship and UNDER will become the first two virtual environments to leverage Web3 capabilities within the Sensorium ecosystem.

All of these blockchain-based activities are now being made compatible with VR. 

Sensorium Galaxy is available on Steam, where users can access the metaverse’s public playtest, as well as the Sensorium Galaxy mobile app. Full cross-platform access, including desktop access, will become available later this year. 

About Sensorium

Founded in 2018, Sensorium is a Swiss company and a leading metaverse developer, leveraging cutting-edge XR and AI technology to deliver next-generation virtual experiences in entertainment and social interaction.

The award-winning Sensorium Galaxy metaverse project, the company’s flagship product, is currently the only global XR multiplayer platform that immerses users into multi-sensory experiences in virtual worlds, across content hubs of various forms.

These include immersive musical experiences in the epicenter of entertainment, PRISM world, self-discovery programs and guided meditations unfolding within the spiritual environment of MOTION world, and a new type of transversal social interaction enabled by a million-strong community of AI-controlled autonomous virtual beings inhabiting the metaverse.

Sensorium leans on its long-standing collaboration with the world’s best technology and entertainment partners to shape the environments and content of its metaverse.

In addition to the innovative developments in the fields of virtual reality and AI, accessible through a wide variety of interfaces, Sensorium is also a leading Web3 company enabling a stack of pioneering blockchain and decentralized solutions. 

Contact

Web3 Marketing Director
Matias
Sensorium
matias.lapuschin@sensoriumxr.com
+971552430075

Abu Dhabi, UAE, 20th February, 2023, Chainwire

Venom Foundation, the first Layer-1 blockchain licensed by Abu Dhabi Global Market (ADGM), has teamed up with Hub71, Abu Dhabi’s global tech ecosystem, to provide startups with enterprise-grade solutions and simplify blockchain adoption for businesses.

The collaboration between Venom Foundation and Hub71 will focus on accelerating the growth and adoption of blockchain technologies in the Middle East and North Africa (MENA) region and beyond. Venom Foundation will work closely with Hub71+ Digital Assets, Hub71’s dedicated Web3 and Digital Assets specialist ecosystem, to help startups as well as enterprises with business development, digital asset regulation, blockchain adoption, and related technologies.    

The Venom-Hub71 collaboration was brought together by Iceberg Capital, the regulated investment manager based in ADGM which will further leverage its network and expertise to assist the parties in reaching their common objectives. 

With an aim to raise industry standards for incubation, acceleration, and grant programs, Venom Foundation will deploy its expertise and know-how in venture capital, venture building, and technology to support startups to grow and scale from Hub71+ Digital Assets. Additionally, startups and established businesses will be able to benefit from the use of the Venom blockchain to successfully transition from Web2 to Web3.

As part of the partnership, Venom and Hub71 will also work together to onboard local and international startups to Hub71+ Digital Assets. By joining the specialist ecosystem, startups will be able to engage and collaborate with a diverse range of partners and leading Web3 entities to accelerate the transition toward disruptive blockchain technologies. Startups will also benefit from Hub71’s value-add programs and incentives.

Peter Knez, Chairman of the foundation council at Venom Foundation, commented: “Collaboration is the key to unlocking the full potential of emerging technologies. We are proud to have struck such a great collaboration, here in the financial heart of Abu Dhabi. By working together, we can build a better future for businesses and communities, from Abu Dhabi to the world.”

Elodie Robin Guillerm, Head of Growth and Strategy at Hub71, said: “We are excited to be collaborating with Venom Foundation to help startups in the MENA region develop and scale Web3 technologies from Abu Dhabi. By bringing together leading industry experts and players such as Venom Foundation, Hub71+ Digital Assets is accelerating the growth of disruptive businesses and creating commercialization and investment opportunities for founders.”

Startups onboarded to Hub71+ Digital Assets will also gain access to Venom’s infinitely scalable blockchain architecture and a team of highly skilled specialists that will help them build their Web3 solutions. 

Mustafa Kheriba, the Executive Chairman of Iceberg Capital, said: “We are pleased with this promising partnership between Venom Foundation and Hub71 and we are confident that this partnership shall be very beneficial for the development of Web3 technologies throughout the region. Iceberg will leverage its expertise in helping both parties achieving their shared objectives”

The Venom blockchain is an asynchronous chain that uses a state-of-the art dynamic sharding technology while maintaining decentralization, scalability, and security.

Venom Foundation provides the essential infrastructure that enables startups to grow within a regulated and scalable environment. The Foundation’s primary focus is on technologies in the MENA region that provides easy and secure migrations to Web3 for both private and public organizations and governments, while also handling massive transaction volumes with no increase in network latency or costs.

Hub71’s vibrant community consists of over 200 startups operating in 20 economic sectors. Founded on the values of partnership and collaboration, Hub71 connects entrepreneurs with impact-driven investors and corporates and supports them with scaling their businesses and accessing global markets.

About Venom Foundation

Venom is the first licensed blockchain operating under the jurisdiction of the ADGM, with a license to issue utility tokens. The ADGM is an oasis for investors and financial services firms, positioning Venom as the world’s first compliant blockchain, affording authorities and enterprises the freedom to build, innovate, and scale.

A portfolio of in-house dApps and protocols has been developed on the Venom blockchain by various companies. It now harbors the potential to become a bridge for the adoption of CBDCs in the Middle East, North Africa, and worldwide.

For more information, visit: Website  |  Twitter

About Iceberg Capital

ICEBERG Capital Limited is regulated by FSRA as a Prudential Category 3C investment manager based in ADGM. ICEBERG Capital is a fast-growing alternative asset management company that provides diversified investment management platforms that includes direct and private equity, venture capital, technology, and virtual assets. ICEBERG Capital also offers traditional asset management services such as investment portfolios in local and international markets, financial instruments (equities, ETFs, commodities, derivatives, etc), as well as specialized platforms for securities, and blockchain technology.

For more information about Iceberg Capital, visit: Website | LinkedIn

About Hub71

Hub71 is Abu Dhabi’s global tech ecosystem that enables founders to build globally enduring homegrown tech companies in any sector by providing access to global markets, a capital ecosystem, a global network of partners, and a vibrant community filled with highly skilled talent, governed by forward-thinking regulation. 

Backed by the Government of Abu Dhabi and Mubadala Investment Company, Hub71 is growing its vibrant community of tech startups, investors, government, and corporate partners to ensure the availability of investment, commercial activities, and incentives from the public and private sectors. Through Hub71’s entrepreneurial infrastructure, value-add programs, enabling services and support packages, founders can build, and scale widely adopted technologies with purpose and impact. Hub71 is on a mission to introduce new minds and technologies to Abu Dhabi, finding new ways to build globally enduring technology companies and sustain the nation’s continuous economic development. For more information visit www.hub71.com and follow us on @Hub71AD #Hub71.

For more information, visit: Website  |  Twitter  |  LinkedIn

Contact

Adam Newton
pr@venom.ventures

Tokyo, Japan, 17th February, 2023, Chainwire

Sony Network Communications, inc. , an operating company of the Sony Group, will co-host a Web3 Incubation Program with Astar Network, the smart contract platform for multichain. Sony Network Communications and Astar Network will combine their resources and expertise to jointly nurture Web3 projects focused on the utility of NFTs and DAOs. 

The Web3 Incubation Program powered by Sony Network Communications and Astar will run from mid-March to mid-June. The program will begin accepting applications on February 17. Both Sony Network Communications and Astar Foundation will review all applications and decide 10 to 15 cohorts. Sony and Astar will be collaborating with Startale Labs, a Singapore-based company founded by Astar Network CEO Sota Watanabe, to organize the incubation program. 

Sony Network Communications is exploring how blockchain technology can solve various problems in their industry. This Incubation program with Astar Network makes it possible for them to quickly find the relevant Web3 solutions. 

Sota Watanabe, CEO of Startale Labs and Astar Network, said, “We are pleased to launch the Web3 incubation program with Sony Network Communications, one of the Sony Group’s companies, which has been involved in the NFT sector and other Web3 initiatives within the Group. We hope to share the knowledge and resources of both companies to provide value to the participants selected for the program and create new use cases and projects.”

Startale Labs develops dApps and infrastructure and provides business consulting services based on its expertise in multi-chain protocol development. It also acts as the gateway for large enterprises to integrate with Astar Network. Startale will provide business strategy and tech support to participating projects by leveraging Astar’s development, past consulting and R&D business expertise.

Sony Network Communications continues its mission to support new organizations that leverage the telecommunications business and assets within the Sony Group. Ltd. They have set up a Singapore regional office to conduct contracted development and consulting business related to NFT products.

The program invites participants from around the world, regardless of their Web3 startup phase. It will include learning sessions with global VC firms such as Dragonfly, Fenbushi Capital, and Alchemy Ventures; and Web3 companies, as well as business and technology strategy workshops. In mid-June, an offline demo day will be held at the Sony Group headquarters in Tokyo during Japan Blockchain Week.

The participating Web3 projects will benefit from:

• Direct connections and feedback with world-class Web3 companies such as Web3 Foundation and Alchemy, as well as free access to informative sessions.
• Resources, tech support, and financial assistance from Sony Network Communications and Astar. Promising companies will be considered for investment from Sony Network Communications.
• A Demo Day with Sony Network Communications and product growth support for the Astar team.

Applicants who are interested in the program should apply on the following page.

Astar Network’s ‘Asia Strategy’ has been fruitful for Polkadot’s most popular parachain. Since its mainnet launch in January 2022, it has entered partnerships with three of Japan’s largest corporations including NTT Docomo, Sony, and Toyota.

About Sony Network Communications

The Sony Group operates a variety of businesses such as Game & Network Services, Music, Pictures, Entertainment Technology & Services, Imaging & Sensing Solutions, and Financial Services. As a business company of the Sony Group, Sony Network Communications is involved in the communication business, IoT business, AI business, and solution service business, and promotes new businesses by utilizing assets within the Sony Group. In April 2022, Sony Network Communications established Sony Network Communications Singapore Pte. Ltd. in Singapore to engage in NFT related development outsourcing and consulting businesses.

About Astar Network

Astar Network supports the building of dApps with EVM and WASM smart contracts and offers developers true interoperability with cross-consensus messaging (XCM) and a cross-virtual machine (XVM). Astar’s unique Build2Earn model empowers developers to get paid through a dApp staking mechanism for their code and the dApps they build.

One of the first parachains to come to the Polkadot ecosystem, Astar is a vibrant network that is supported by all major exchanges and tier 1 VCs. Astar offers the flexibility of all Ethereum and WASM toolings for developers to start building their dApps. To accelerate growth on Polkadot and Kusama Networks, Astar SpaceLabs offers an Incubation Hub for top TVL dApps.

For more information, visit: Website | Twitter | Discord | Telegram | GitHub | Reddit

Contact

Maarten Henskens
press@astar.network

Toronto, Canada, 15th February, 2023, Chainwire

Today China Telecom and Conflux Network announce a partnership to bring Blockchain SIM cards (BSIM) to market. The entry-level Web3 product will be the largest blockchain hardware product ever seen globally, involving the most users and applications. China Telecom will launch the first BSIM pilot program in Hong Kong later this year. This will likely be followed by pilots in key mainland China locations such as Shanghai.

BSIM will dramatically lower the barrier to entry to Web3 for China Telecom’s 390+ million mobile phone subscribers, while making transactions faster and more secure. By making telecom users’ personal digital assets more secure, the goal is to make mobile phones more secure.

The BSIM card integrates Conflux’s Tree-graph, dual proof of stake and proof of work technology, enabling the highest system performance for any blockchain in the world. It uses the hardware security advantages of SIM cards to protect users’ private keys, which is a secure and convenient Web3 entry solution. 

The BSIM Card is indistinguishable from a traditional SIM in appearance but the storage space is 10-20 times larger than the traditional SIM card, and the computing power is increased by tens of times.  Users who switch to a BSIM card will be able to store digital assets safely, transfer their digital assets conveniently, and display their assets in a variety of applications.

The BSIM card will manage and store the user’s public and private keys in the card, and carry out digital signatures in a way that the private key does not exit the card. The BSIM card can also allow encrypted storage, key retrieval and other operations. The built-in Bluetooth module will be responsible for the signature and transfer of assets, to ensure the security of personal digital assets. This reduces the risk of the user being attacked by viruses and other malicious software on the mobile phone.

Users’ identifiers in the traditional world, such as mobile phone numbers, can be tied to their Decentralized Identifiers (DID). This will allow for better integration and interaction between virtual and real-world information. BSIM cards can also be combined with abstract accounts based on smart contracts, enabling blockchain applications to safely and efficiently use users’ crypto and traditional world information. Connecting DID with cell phone numbers may also alleviate some of the regulatory concerns stemming from the anonymity of the blockchain technology. 

The initial agreement was signed in 2022 between Conflux Network and China Telecom and this prototype is the culmination of a strategic year-long engagement with the goal to build hardware products at the entrance to the world’s metaverse.

The research and development phase of BSIM card is now complete, and it has successfully connected with Conflux’s main network in the test environment. This prototype has the storage and sending functions of digital assets. Conflux and China Telecom will now focus on enriching the BSIM card’s ecological applications, with emphasis on games, payments and other fields. 

Dr. Ming Wu, CTO of Conflux Network said “The BSIM card significantly improves the user experience and lowers the barriers to entry for Web3 and the Metaverse world for users. It is key to allowing Conflux to take its ecosystem to the next level. Collaborating with such a strong partner like China Telecom and initiating it from Hong Kong will allow us to enter the market in the near future, both in China and globally.”

Dr. Liang Wei, Deputy Director of Big Data and Artificial Intelligence Research Institute, China Academy of Telecommunication Research said “Blockchain-based digital identity lies in the core of future Web3.0, while blockchain-based digital assets are an important catalyst for the Metaverse. The BSIM card is positioned as the entrance infrastructure of the Metaverse, which provides differentiated functions such as telecom hardware security, intelligent digital wallet, as well as DID value-added services. Partnership with Conflux will accelerate the process of connecting Web2.0 and Web3.0 users in this most imaginative space.”

About Conflux Network

Conflux is a permissionless Layer 1 blockchain connecting decentralized economies across borders and protocols. Recently migrated to hybrid PoW/PoS consensus, Conflux provides a fast, secure, and scalable blockchain environment with zero congestion, low fees, and improved network security.

As the only regulatory-compliant public blockchain in China, Conflux provides a unique advantage for projects building and expanding into Asia. In the region, Conflux has collaborated with global brands and government entities on blockchain and metaverse initiatives, including the city of Shanghai, McDonald’s China, and Oreo.

To learn more about Conflux, visit confluxnetwork.org or China Telecom visit http://www.chinatelecom.com.cn/

Dr. Ming Wu, CTO of Conflux Network and Dr. Liang Wei, Deputy Director of Big Data and Artificial Intelligence Research Institute, China Academy of Telecommunication Research are available for interview.

Contact

Melissa
conflux@shift6studios.com

Swanage, United Kingdom, 14th February, 2023, Chainwire

 UK-based PEGA Pool announces the official launch of its eco-friendly Bitcoin mining pool that enables clients to offset their carbon footprint and incentivizes them to use renewable energy. By allowing clients to connect their ASIC miners to its platform and mine together, it provides them with a more consistent and attractive income than mining alone.

PEGA Pool is one of the world’s top 10 largest Bitcoin mining pools, according to BTC.com. With the growing adoption of Bitcoin, the Proof-of-Work mining operations have received a lot of criticism from individuals, corporations, and governments over the industry’s fossil fuel consumption. Countries such as China have banned crypto mining due to its negative environmental impacts. As a result, the industry is witnessing a spike in demand for sustainable mining options.

PEGA Pool’s mission to create a more sustainable industry began with its parent company PEGA Mining Ltd, which uses only renewable energy for its mining operations, demonstrating that large-scale Bitcoin mining with green energy alone is absolutely possible.

David Bungay, CEO of PEGA Pool, said, “I am very excited to announce the official launch of PEGA Pool, our British Eco-Friendly Bitcoin Mining Pool. Our journey began with PEGA Mining which gave us the desire to build PEGA Pool and provide the world with what was missing in our industry. We built PEGA Pool so that we could not only offer our clients a top-performing trustworthy mining pool but also provide them with an incentive to change the industry for the better and follow in our green footsteps.”

PEGA Pool offers an aggressive payout structure with a competitive Full-Pay-Per-Share (FPPS) model that incentivizes miners to switch to renewable energy sources. It is one of the highest paying Bitcoin mining pools for revenue per TH (Terahash). The platform is open to all Bitcoin mining clients, irrespective of what energy source they use.

Clients mining with renewable energy pay 50% lower pool fees. It not only rewards miners making a positive impact on the environment, but also encourages others to use renewable energy.

For those mining with fossil fuel sources, PEGA Pool uses a portion of their pool fees to plant trees in order to partially offset their carbon footprint. It has already planted over 148,000 trees, resulting in a yearly offset of 3,967 tons of CO2. This initiative gives miners the peace of mind that PEGA Pool is planting trees on their behalf to help offset their carbon emissions.

Currently, with the Bitcoin price low and mining difficulty rising, miners are finding it difficult to generate profits. With PEGA Pool, they benefit from the reduced pool fees, which can make a noticeable difference in their profitability. It ensures that miners can stay afloat even during the bear market.

PEGA Pool’s unique Global Pool Infrastructure ensures that it is resilient to outages and equipment issues, including those caused by natural disasters. Established and operating in the UK, the platform offers the world a trustworthy and reliable mining pool that was built by miners themselves.

About PEGA Pool

PEGA Pool is a UK-based, eco-friendly Bitcoin mining pool which enables clients to obtain a more consistent, stable income than they would mining alone whilst offsetting their carbon emissions. The platform is open to all Bitcoin miners, regardless of whether they use renewable or non-renewable energy.

For more information, visit: Website  |  Twitter  |  LinkedIn

Contact

Magda Lesniowska
marketing@pega-pool.com

Vienna, Austria, 14th February, 2023, Chainwire

Pantos, a multichain token system conceived by the team behind Bitpanda, announces the public beta launch of its multichain protocol today. Developers and users will be able to use the public beta to send tokens, wrap native coins of supported chains, and soon also create and deploy multichain tokens easily with a few clicks.

Pantos is introducing a new Multichain Token Standard called PANDAS (Pantos Digital Asset Standard) to bring a truly multichain token system to the masses, enabling secure and seamless Web3 interoperability. Pantos currently supports seven chains on testnet: Ethereum, Polygon, Avalanche, BNB, Cronos, Celo and Fantom; and plans to integrate more EVM and non-EVM chains continuously.

The majority of today’s Web3 applications and bridges lack the security and smooth user experience needed to bring Web3 functionalities to the masses. Pantos aims to improve this by offering a reliable infrastructure and the right tools to empower developers to easily create multichain assets.

Pantos began in 2018 as an in-house research project by Bitpanda in collaboration with TU Wien (Austria) and later also TU Hamburg (Germany) to establish an open standard for truly decentralized multichain token transfers and blockchain interoperability. The public beta comes out after years of ground-breaking research in the fields of oracles, relays, smart contracts and blockchain efficiency. Pantos together with its researchers at the universities run one of the largest blockchain research labs in the world, as part of the Christian Doppler Laboratory Blockchain Technologies for the Internet of Things and have been able to secure funding for the project from the Austrian government.

Eric Demuth, CEO and Co-Founder of both Pantos and Bitpanda, said “We are thrilled to introduce the public beta after years of research in collaboration with some of the most reputed universities in Europe. We believe that Multichain technology will be a catalyst for Web3 and foster widespread crypto adoption. Pantos offers users the simplest way to access a multichain Web3.”

Bitpanda’s business expertise helps Pantos with the transition from a research project to a fully-functional product available to end users and developers in a simple and accessible way. Bitpanda will also be one of the first adopters of Pantos’ multichain token system. Furthermore, Pantos has secured a partnership with the leading Austrian bank, Raiffeisen Bank International (RBI), that is working with Pantos on blockchain interoperability solutions. Pantos’ native token PAN is currently available for trading on Bitpanda and N26.

Researchers at Pantos are developing technology that will allow users to transfer digital assets of any kind freely between different blockchain protocols in a completely decentralized and trustless manner. Using the new PANDAS-20 standard, developers will be able to deploy assets on a variety of blockchains without maintenance work. Interested users or digital creators who lack coding skills will be able to deploy their own multichain tokens with ease.

Though it aims to eventually become a fully decentralized open-source protocol with PAN as its own gas token, the public beta of Pantos comes with a trusted validation mechanism to ensure a smooth launch. This way, the team will ensure that the network cannot be attacked in its early stages, before it gradually evolves into a fully decentralized system. 

About Pantos

Started as a research project by the team behind Bitpanda in 2018, Pantos is an open-source protocol on a mission to make Web3 truly interoperable. It aims to become an enabler for sophisticated Web3 applications. Pantos’ cutting-edge technology allows existing and upcoming tokens to be deployed on multiple blockchain networks, giving users the freedom to choose the most suitable network for their digital assets. It had secured $12.1 million in funding through an Initial Coin Offering (ICO) on Bitpanda in 2018.

For more information, visit: Website  |  Twitter

Contact

Marsel Nenaj
contact@pantos.io

Abu Dhabi, Abu Dhabi, 13th February, 2023, Chainwire

Venom Foundation, the first Layer-1 blockchain licensed by the Abu Dhabi Global Market (ADGM), has announced a partnership with DAO Maker, a leading blockchain growth solutions provider known for their Launchpad, to incubate promising Web3 startups focused on delivering real-world use cases.

DAO Maker will actively assist in the development of the Venom ecosystem and contribute to the success of projects within the Web3 space. With DAO Maker’s support, Venom is confident that it will enable developers to make valuable contributions to the ecosystem and accelerate the growth of its community.

Venom Foundation and DAO Maker will actively incubate new projects through the Venom Launchpad. The Venom Launchpad will give promising Web3 projects and developer teams a unique opportunity to receive resources, guidance, and exposure from some of the most prominent players in the industry. It will leverage the combined expertise of DAO Maker and Venom Foundation to support startups in a wide range of areas including strategic planning, marketing and brand building. 

Peter Knez, Chair of the foundation council at Venom Foundation, commented, “At Venom, we are dedicated to pioneering innovation in the blockchain industry. Our partnership with DAO Maker is a testament to this as we incubate promising Web3 startups and bring real-world use cases to life. We are proud to be a part of this exciting collaboration and eagerly anticipate its impact on the industry.”

Christoph Zaknun, CEO of DAO Maker, said, “DAO Maker is excited to partner with Venom Foundation to incubate promising Web3 startups. Our expertise in growth technologies and funding frameworks will support the development of the Venom ecosystem. I am honored to take on an advisory role within the Venom Foundation team and look forward to building the future of blockchain together.”

The partnership extends to the integration of the Venom blockchain and Venom Wallet in DAO Maker’s Launchpad. DAO Maker’s Launchpad with its well-known exposure and access to a wider audience for blockchain projects will assist Venom in continuously pushing the boundaries of innovation within the industry.

DAO Maker CEO Christoph Zaknun named advisor to Venom Foundation

Christoph Zaknun, who founded DAO Maker in 2018 and serves as its CEO, is taking on an active role as an Advisor to the Venom Foundation team. With an extensive amount of experience in helping projects raise funds since 2017, Mr. Zaknun will bring valuation insights and expertise to Venom.

DAO Maker provides growth technologies and authentic funding frameworks for startups, with the aim of reducing investors’ risks. It offers various key solutions for community incubation, fundraising, and growth-related tokenized businesses. In doing so, DAO Maker has established itself as a leading provider of growth technologies and investor risk reduction services.

This extensive collaboration highlights both DAO Maker’s and Venom’s commitment to innovation and their continuous dedication to helping promising new projects succeed in the blockchain space.

About DAO Maker

DAOMaker, is an organization that provides growth technologies and authentic funding frameworks for startups, with the aim of reducing investors’ risks. DAOMaker offers various key solutions for community incubation, fundraising, and growth-related tokenized businesses. In doing so DAOMaker has established itself as a leading provider of growth technologies and investor risk reduction services.

For more information, visit: Website  |  Twitter  |  Discord 

About Venom Foundation

Venom is the world’s first layer-1 blockchain licensed by the Abu Dhabi Global Market. The decentralized network operates under the jurisdiction of the ADGM, with a license to issue utility tokens. The ADGM is an oasis for investors and financial services firms, positioning Venom as the world’s first compliant blockchain, affording authorities and enterprises the freedom to build, innovate, and scale.

A portfolio of in-house dApps and protocols has been developed on the Venom blockchain by various companies. It now harbors the potential to become a bridge for the adoption of CBDCs in the Middle East, North Africa, and worldwide.

For more information about Venom Foundation, visit: Website  |  Twitter

Contact

Adam Newton
pr@venom.ventures

Ho Chi Minh City, Vietnam, 11th February, 2023, Chainwire

AshSwap, the first stable-swap DEX on the MultiversX blockchain (previously Elrond Network), is officially launching on the MultiversX mainnet on February 17. The DEX will seamlessly bridge critical DeFi functions and provide tighter spreads with a fraction of the liquidity on MultiversX.

In November 2021, AshSwap successfully raised $2.5 million in a private sale led by Elrond. The initial offering of ASH tokens on Maiar Launchpad sold out, with 70,000,000 ASH (7% of the total supply) valued at $2.8 million. AshSwap has since released all of its core features, which have been available on MultiversX Devnet since October 2022.

Following more than a year of rigorous testing and development, AshSwap will go live on the mainnet with the following functions:

• Pool V1 (Stable-swap)
• Pool V2 (Non-stable swap)
• Liquidity Provision
• Liquidity Staking (Farming)
• Governance Staking
• Yield Boosting

On and after the launch date, AshSwap will open three pools:

• USDC/UDST/BUSD (Stable-swap)
• ASH/USDT (V2)
• EGLD/BUSD (V2)

AshSwap will launch with Liquidity Provision, a feature that allows users to add liquidity in three available pools and receive LP tokens as receipts. There will also be the option to participate in Yield farming. LPs can stake LP tokens to earn ASH tokens as farming rewards. The distribution to the farms will be decided by the DAO.

By staking ASH in Governance Staking, users receive veASH (voting escrow ASH) in return and unlock multiple benefits. There will also be Emission Voting, giving veASH holders governance control over ASH emissions for each pool. The more votes a pool gets, the more ASH rewards will be allocated. Hence, the APR will be higher for that particular pool, attracting deeper liquidity.

Another core feature: Bribe, it will allow anyone to bribe veASH holders to vote for their farms. For example, if the owner of a project with token AAA wants to increase the liquidity of the pool AAA/USDT on AshSwap, they may provide incentives, called bribes, to encourage more veASH holders to vote for their pool.

AshSwap stands out because it is the first stable-swap DEX on MultiversX. In any blockchain ecosystem, stablecoins typically have a profound effect on yield farming and the borrowing/lending cycles. As a result, a DEX that provides a steady exchange rate is crucial to a flourishing environment.

Neil Nguyen, AshSwap CEO, said: “We have chosen to develop our product on the MultiversX because we think the team has laid out the most compelling vision for onboarding the next billion people into web3, and the technology, development philosophy, achievements, and especially the community, are a strong indication of their ability to execute on that vision.”

AshSwap believes that adding greater DeFi interoperability will boost capital efficiency for liquidity providers and maximize returns over time. That is why the AshSwap team intends to develop more trading products besides stable-swap in the future while still delivering a seamless and user-friendly interface to trade and manage assets.

Additionally, AshSwap’s native token, ASH, is designed to serve the sustainable growth of the protocol with actual use cases and incentivize liquidity providers on the platform. 

To celebrate the launch of its stable-swap DEX, AshSwap is hosting a series of incentivized warm-up activities including:

• ASH staking reward pool in which veASH stakers will share a pool of 2,000,000 ASH over 27 days beginning on January 21.
• AshSwap Launch Race, a referral program that awards up to $1,000.
• 250% APY (2.5x) boosted for all pools within 7 days starting from the launch. Enjoy the lucrative APY here.
• Ash Point Custom Quest, three events for users to obtain ASH points by completing the Gleam quest, trading on AshSwap DEX, and staking ASH. The more ASH points you own, the higher your chance of being whitelisted in the upcoming AshSwap airdrop.

More information on these programs can be found here. Join the AshSwap community and participate in the future of decentralized trading today on app.ashswap.io

Website | Discord | Twitter | Telegram | Medium 

Contact

Community Manager
Erik Pham
AshSwap
erik@ashswap.io