Blog

London, United Kingdom, April 11th, 2024, Chainwire

Metacade, the leading blockchain gaming platform, takes a monumental leap forward with the integration of multi-chains into its ecosystem.

This Omni-layer development provides universal application reach, resolving blockchain fragmentation and empowering builders across diverse chains.

The rapid integration of the Metacade Tournament Platform with the Base Layer 2 Rollup within 12 hours showcases Metacade’s technical prowess and underscores a commitment to delivering best-in-class solutions for partners and players.

The decision to introduce multi-chain functionality highlights Metacade’s vision to create the largest Web3 gaming platform, grounded in open market principles.

“We recognize that speed and low transaction costs are crucial for builders. However, game development hinges on intricate blockchain solutions,” states CEO Russell Bennett. “For Metacade to achieve genuine inclusivity, our success depends on an adaptable infrastructure, regardless of the blockchain utilized.”

The multi-chain approach considers scalability for partner road maps, allowing existing projects to remain on their native chain while maintaining platform security through an optimistic-based rollup.

What began as a vision to connect Web3 game developers with seasoned players has become an omni-layer movement to unify games across chains and provide fluid liquidity, expanding economic opportunities for builders and players alike.

A multi-chain infrastructure will optimize liquidity access, mitigate inefficiencies, and simplify asset trading processes. It offers an efficient on-ramp for gaming partners to facilitate the use of their tokens regardless of where the core of their liquidity is situated.

This pivotal development future proofs Metacade’s robust, diverse, and accessible ecosystem. For more information on Metacade and its multi-chain expansion, users can visit the new website: metacade.co.

About METACADE

Metacade is a seamless Web3 Gaming platform connecting developers and players through plug-and-play community initiatives. Providing an unfair advantage through early access, dev-player collaborations, and financial rewards.

Contact

Elly Bradbury
Metacade
marketing@metacade.co

Dublin, Ireland, April 11th, 2024, Chainwire

Donk.meme, a Solana-based meme coin has announced the launch of its presale $DONKM token presale. 

Following the successful trajectories of predecessors like Bonk and Bome, both of which experienced remarkable growth, the Donk.Meme team is eager to try to follow their footsteps.

Donk.Meme draws its inspiration from the beloved, talkative donkey character of the Shrek franchise, hoping not just to entertain but also to carve a niche for itself within the Solana Meme Coin ecosystem.

What Makes Donk.Meme Special?

Donk.Meme differentiates itself with a no-cap presale model that encourages wide participation and ensures fairness in token distribution. This approach, reminiscent of the strategies employed by successful predecessors like Book Of Meme ($BOME) and Pepe Token, are adopted by Donk.Meme.

Donk.Meme Presale Details: 

Total Supply: 1 Billion $DONKM Tokens

Presale Allocation: 700,000,0000 $DONKM Tokens (70% of the total supply).

Presale Ends: 12th April, 4pm UTC

No Minimum & Maximum Cap, this is to make it as fair as possible.

How To Join Donk.Meme Presale

1. Users should set Up A Solana wallet using trust wallet or phantom wallet.
2. If users don’t have $SOL, they need to acquire it from Exchanges like Finance, Coinbase or Kucoin or others.
3. Users should send $SOL To The Presale address and make sure it’s the official one.

A Dashboard will be provided where users can calculate the amount of $DONKM they will receive relative to the total amount of $SOL contributed. The purchased $DONKM tokens will be airdropped after the presale ends.

About Donk.Meme ($DONKM)

Donk.Meme is a pioneering meme coin project launched on the Solana blockchain, inspired by the beloved character Donkey from the iconic Shrek series.

To visit The Donk.Meme Presale Page

Users can stay Up to date By Following Donk.meme On Social Media

Website | Twitter | Telegram | Discord

DONK is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest. Investing in cryptocurrencies is volatile and dangerous.

Contact

CMO
Don Putrio
Donk.Meme
heehaw@donk.meme

Singapore, Singapore, April 10th, 2024, Chainwire

On April 4th, Binance Web3 Wallet joined forces with BEVM, a leading Bitcoin Layer2, and its ecosystem project, Satoshi Protocol, to launch an airdrop campaign worth millions.

Users who bridge BTC to the BEVM via Binance Web3 Wallet and borrow at least $10 SAT (USD-stablecoin) will be eligible to share a pool of 500k OSHI and 10.5 million BEVM tokens. The campaign has attracted over 30,000 participants in just 3 days since its launch.

Satoshi Protocol is the first CDP protocol built on BEVM, live on BEVM mainnet on March 28th. In addition to the Binance campaign, there’s a referral program that allows early participants to accumulate points by borrowing the SAT and inviting friends.

What Makes BEVM Unique?

BEVM is an EVM-compatible Bitcoin Layer 2 solution that stands out in the crowded market. By leveraging Taproot consensus, Schnorr signatures, MAST, and Bitcoin SPV, BEVM achieves the highest level of decentralization and security among all BTC Layer 2 solutions.

Key features of BEVM:

• Native BTC Layer 2: BEVM utilizes BTC as the network gas and stores transaction data on the BTC mainnet, ensuring compatibility with the original Bitcoin protocol.
• EVM compatibility: Developers can seamlessly migrate their Ethereum-based dApps to BEVM, expanding the reach of these applications to the Bitcoin ecosystem.
• Decentralized and secure: BEVM employs Musig2 multi-signature aggregation and Bitcoin light nodes to achieve a trustless and secure environment.

Satoshi Protocol: Unleashing Bitcoin’s Liquidity

Satoshi Protocol is the first Collateralized Debt Position (CDP) protocol built on BEVM, aiming at providing liquidity for BTC through the SAT dollar stablecoin, expanding the scenarios of BTCFi. This move unlocks trillion-dollar liquidity within the Bitcoin ecosystem, offering users a way to maintain Bitcoin holdings while gaining liquidity.

The Bitcoin ecosystem is experiencing a renaissance. Recent advancements like inscriptions and scaling solutions have revitalized the ecosystem. Satoshi Protocol’s team views the upcoming halving and the launch of the Runes protocol as poised to attract a wave of new users.

However, a critical challenge persists the lack of a reliable, fiat-pegged crypto for seamless trading and efficient market pricing. This is where Satoshi Protocol steps in. By enabling users to borrow SAT with their Bitcoin as collateral, Satoshi Protocol offers a reliable liquidity solution within the Bitcoin ecosystem.

Satoshi Protocol Milestones

In the past month, Satoshi Protocol has built a strong community, with 60,000+ followers on Twitter and 70,000+ members across Telegram and Discord. 

Let’s see what they have achieved : 

• February 24th: Satoshi Protocol launched on BEVM testnet.
• March 18th: Testnet concluded with 100,000+ participants and 80,000+ NFT minted.
• March 24th: Smart contracts passed security audits by Scalebit and Supremacy.
• March 26th: Pre-seed funding secured from Web3Port Foundation, Waterdrip Capital and BEVM Foundation.
• March 28th: Launched on BEVM Mainnet.
• April 4th: 500k OSHI Airdrop with BEVM on Binance wallet.

How does Satoshi Protocol work?

The Satoshi Protocol utilizes a sophisticated system to maintain a stable peg of $1 for SAT. This system combines several mechanisms: over-collateralization, permissionless liquidation, stability pools, and arbitrage. Additionally, it features OSHI, a utility token granting holders 97.5% of the protocol’s revenue.

For more details about OSHI and sOSHI, refer to the official documentation: OSHI & sOSHI.

OSHI distribution

The interplay between SAT and OSHI forms the heart of Satoshi Protocol. Here’s the complete picture:

Collateralized Borrowing

When borrowing SAT, users must maintain a minimum collateral ratio (MCR) of 110%. This means the borrowed amount cannot exceed 90.9% of the deposited BTC value.

Liquidation

A liquidation is triggered if a user’s collateral value dips below 110% (MCR) due to price fluctuations. The user’s BTC collateral is sold at a discount to Stability Pool providers to repay the SAT loan. This mechanism protects the protocol and prevents borrowers from taking on excessive debt.

Maintaining the Peg

A robust three-pronged system ensures SAT’s value remains consistently pegged to the US dollar:

Redemption: Arbitrage activity helps regulate SAT’s price and keep it within the desired range. If SAT dips below $1, arbitrageurs can buy discounted SAT and redeem them for $1 worth of BTC from the protocol. Conversely, if SAT exceeds $1.1, users can borrow SAT at the MCR (110%), sell them at a premium on decentralized exchanges (DEXs), and pocket the profit.

Over-collateralization: As mentioned earlier, over-collateralization (MCR of 110%) acts as a safety net. The protocol discourages borrowers from defaulting by requiring a higher collateral value and protects itself from price fluctuations.

Stability Pool: This pool serves as a final safety measure. If a user’s collateral ratio falls below the MCR, the Stability Pool provides the necessary liquidity to execute a liquidation event and maintain protocol stability.

Satoshi Protocol x BEVM Airdrop with Binance wallet

BEVM and Satoshi Protocol recently joined forces with Binance Web3 Wallet to offer a total of 10.5M $BEVM and 500k $OSHI Token Airdrop.

By using Binance Wallet to complete tasks like bridge to BEVM, and create positions on Satoshi Protocol, you’ll be eligible to share the rewards.

Duration: 2024/04/04-2024/05/04

Rewards: 10,500,000 BEVM and 500,000 OHSI

Tasks:

1. Using Binance Wallet
2. Bridge BTC to the BEVM ( 0.0004 BTC, ~$25)
3. Create positions on Satoshi Protocol ( at least 10 SAT )

Join Binance Wallet Airdrop Campaign

How to Participate in this Campaign

STEP 1: Users should go to Campaign Landing Page, and connect Binance Wallet

STEP 2: Withdraw BTC and bridge to BEVM

• Suggest withdrawing at least 0.0004 BTC to complete the task
• Using OmniBTC to transfer BTC from BSC to BEVM
• Using BEVM bridge to transfer BTC from mainnet to BEVM ( ~ 30mins )

STEP 3: Users should go to Satoshi Protocol, and create Position

Users should go to Satoshi Protocol, and Connect Wallet

1. Input BTC Amount
2. Borrow SAT ( at least 10 SAT )
3. (Optional) Fill in your referrer, get 150+ points
4. Click “Approve”
5. Click “Create Position”

Binance Wallet Mobile tutorial: Create Position Using Binance Web3 Wallet

Upon completing all those steps, the user becomes qualified for the BEVM and OSHI airdrop!

Bridging the Future: Satoshi Protocol and Binance Wallet’s Airdrop Campaign

Satoshi Protocol represents a glimpse into the future of Bitcoin finance. By leveraging the BEVM and a robust CDP model, it allows users to borrow BTC-backed stablecoin SAT and expand the possibility for Bitcoin Ecosystem. 

Binance Wallet launched an airdrop campaign with a total of 10.5M $BEVM, 500K $OSHI for those who bridge BTC to BEVM and create positions on Satoshi Protocol, which is also Binance Wallet’s first integration with a Bitcoin Layer 2 solution. BTCFi is heading west.

About Satoshi Protocol

Built on BEVM, it’s the first CDP protocol to unlock the true potential of Bitcoin. Unleash unprecedented liquidity through SAT, a stablecoin designed to supercharge the booming BTCFi market.

To learn about Satoshi Protocol, users can follow:

Website | Web APP | Twitter | Telegram | Discord | Docs | Blog

Contact

Marketing
Hugo
Satoshi Protocol
marketing@satoshiprotocol.org

Paris, France, April 10th, 2024, Chainwire

Sui Basecamp, the inaugural global conference for the Sui ecosystem opened its doors today in Paris, welcoming developers and entrepreneurs from around the world as they celebrate Paris Blockchain Week. A two-day event across two venues, Sui Basecamp features speakers across web2 and web3, spanning industry verticals from payments to gaming to ecommerce to major league sports. A celebration and exploration of the latest developments in web3, attendees are invited to presentations on cryptography from some of the world’s leading technologists, fireside chats on increasing market liquidity, and panels on real-world technological use cases. 

Highlight announcements from the conference included: 

• Introducing the SuiPlay0x1 – a lightweight handheld gaming device designed in collaboration with Playtron. SuiPlay0x1 runs Playtron’s device-agnostic gaming operating system, which is building up compatibility with various hardware configurations, gaming storefronts and direct-download game partners. The SuiPlay is the first handheld gaming device with native web3 capabilities, and will be available in stores worldwide in 2025. 
• First Digital Labs is launching FDUSD, the fastest-growing stablecoin in crypto, on Sui, becoming the ecosystem’s first native stablecoin. Originally deployed on Ethereum and BNB, with plans to expand to other blockchains, Sui becomes the first blockchain FDUSD has expanded to since its inception. FDUSD launched in August 2023 and has already amassed a market cap of over $3.5 billion. Over the last week, FDUSD has seen the fifth-highest trading volume across the entire industry, including over $8 billion of volume in a single day.
• Enoki – Mysten Labs, the original contributor to Sui, has announced the launch of the Enoki platform, the gateway to next-gen customer experiences. Inside the Enoki portal, enterprises can access, leverage and embed public ledger solutions inside their applications, products and services, thanks to SDKs powered by Sui’s native feature, zkLogin. Partners integrating Enoki at launch include:
• Bluefin, a perpetual DEX with blazing-fast settlement and a seamless trading experience.
• Drife, a decentralized ride-hailing platform powered by blockchain with the intent of empowering both, the drivers and commuters.
• Quantum Temple, the digital platform for immersive cultural travel.

The event is a two-day affair that began at 9:30 AM local time on Wednesday, April 10, and concludes at 4:15 PM CET on Thursday, April 11. On Wednesday night, registered guests are invited to attend the Sui Soiree, an evening of cocktails, refreshments and dancing with a performance by German electronic music record producer, songwriter and DJ, Boys Noize. For more information, please visit sui.io/basecamp. 

About Sui—Sui is a first-of-its-kind Layer 1 blockchain and smart contract platform designed from the bottom up to make digital asset ownership fast, private, secure, and accessible to everyone. Its object-centric model, based on the Move programming language, enables parallel execution, sub-second finality, and rich on-chain assets. With horizontally scalable processing and storage, Sui supports a wide range of applications with unrivaled speed at low cost. Sui is a step-function advancement in blockchain and a platform on which creators and developers can build amazing, user-friendly experiences. Learn more: https://sui.io 

About Mysten Labs—Mysten Labs is a team of leading distributed systems, programming languages, and cryptography experts whose founders were senior executives and lead architects of pioneering blockchain projects. The mission of Mysten Labs is to create foundational infrastructure for web3. Learn more: https://mystenlabs.com 

About First Digital Labs—First Digital Labs is the brand name of FD121 Limited, a Hong Kong-registered subsidiary under the First Digital Group. First Digital Labs focuses on cutting-edge research and development, specializing in the innovation and advancement of digital assets. First Digital Labs is the issuer of the FDUSD stablecoin. To learn more about First Digital Lab, visit https://firstdigitallabs.com/.  

About Playtron—Playtron is building a lightweight gaming OS optimized for a new generation of powerful handheld gaming PCs and beyond. Play all your games from every store: Steam, Epic, GOG, and more. Playtron’s founders built Android to 1B users while simultaneously overseeing a multi-hundred person operational system team in an attempt to unseat the incumbent mobile duopoly. Playtron is backed by Samsung Next, Polychain, Circle, Mysten Labs, Alumni Ventures and more. Playtron-powered devices will start to ship world wide later this year ready to onboard the next 100 million core and casual gamers.

Contact

Sui Foundation
media@sui.io

San Fransico, California, April 9th, 2024, Chainwire

Algotech (ALGT) has emerged in the limelight again with the milestone of raising $500,000 in a single day during its ongoing presale. In less than four weeks of the current presale, Algotech has raised over $3.5 million.

Algotech’s Journey 

Algotech was launched as an initiative by successful traders and technology experts who wanted to democratize access to advanced trading tools for layman users. The team wanted to provide beginning traders with the same high-tech tools that are used by hedge funds and large-scale investment firms. Combining this with the effectiveness of blockchain technology, Algotech has set its sights on becoming the leading platform by bridging together AI and blockchain technology in the trading segment. 

Bringing Together AI and Finance 

Millions of new users are embracing blockchain technology for its groundbreaking potential. However they still have to rely on traditional exchanges that design the ecosystem to favor institutional investors. Algotech is rectifying this challenge by introducing the first artificial intelligence (AI) based exchange that will allow users to have advantages in trading. The platform makes it simple for users to invest in cryptocurrencies and receive automated investment guidance. 

Algotech’s Key Features 

What makes Algotech a standout leader in the segment is the core features that have been introduced for traders. Imagine a trading landscape where regular traders have access to the same tools and resources as hedge funds and large-scale institutional investors. These tools conventionally have massive fees and are only available to a limited number of institutes. This is precisely the challenge that Algotech is working on addressing. 

Here are the core features that are making Algotech is working on:

Breakout Detection

The breakout detection feature relies on advanced algorithms that factor in over 1000 unique data points to identify breakout opportunities. These algorithms have been trained on H100 GPUs to ensure that traders can get accurate investment calls for high-precision calls. 

Hedging 

Algotech allows traders to minimize investment risk by monitoring funding levels, liquidity, and spread. These factors generate warnings and allow users to implement advanced risk management including automated stop-losses. 

High-Volume Arbitrage

This feature allows users to take advantage of the difference in pricing between different platforms using Algotech’s technical APIs. With high positioning sizing, users can handle trades with ease. 

The Growing AI Blockchain Segment 

The growth of the AI sector has been exceptional. In the past few years, the sector has grown multifold, and today, it has a market cap of over $25 billion, according to CoinGecko. In the coming few years, this number is expected to explode further as millions of new users are now looking for AI-based features in their day-to-day applications. One of the biggest sectors under the spotlight is the trading sector. The global cryptocurrency exchange segment is currently valued at over $45 Billion and is expected to reach $110 Billion in 2028. Additionally, beyond just cryptos alone, AI blockchain technology is also expected to serve as the backbone of the global trading ecosystem. This is where Algotech expects to bridge the gap by introducing AI-based trading features. These features will allow beginner traders to have an even playing ground against leading institutional investors and seamlessly invest using AI as their guide. 

About Algotech

As Algotech continues its journey to transform Decentralized Finance (DeFi) with its innovative products, it is exciting to see the community support for this mission. The platform is democratizing access to trading tools for individuals across the world by providing AI features. Additionally, Algotech is making investing inclusive for the broader community by making it simple for users to become an early part of the community by providing governance rights and profit shares. As the project moves through its phases, we can only look toward the achievements that are on the horizon for Algotech, a true AI-blockchain project. 

Visit the links below for more information about Algotech (ALGT): 

Website: https://algotechtrade.com/ 

Whitepaper: https://algotechtrade.com/Algotech_Whitepaper.pdf 

Linktree: https://linktr.ee/algotech.trade 

Algotech is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest. Investing in cryptocurrencies is volatile and risky.

Contact

Algotech
Algotech Solutions
algotechsolutionsio@gmail.com

London, United Kingdom, April 9th, 2024, Chainwire

NeuroMesh (nmesh.io), a trailblazer in artificial intelligence, announces the rollout of its distributed AI training protocol, poised to revolutionize global access and collaboration in AI development. Embracing DePIN’s decentralized framework, NeuroMesh bridges the gaps between the demand for training large AI models and distributed GPUs. This initiative aims to foster inclusivity in AI development, facilitating participation across diverse sectors and geographies.

Visionaries in AI: The Team’s Global Ambition

The team behind NeuroMesh, composed of researchers and engineers from Oxford, NTU, PKU, THU, HKU, Google, and Meta, pioneers a democratic AI training process. This visionary approach addresses the limitations of centralized AI development by enabling GPU owners worldwide to contribute to a vast training network, empowering entities of all sizes to leverage this service for their training needs.

NeuroMesh transcends traditional AI by fostering collaboration. Their vision is to equip every developer and organization, regardless of location or resources, with the ability to train and utilize cutting-edge AI models. This aligns perfectly with the vision of AI pioneers like Yann LeCun, who advocate for a future powered by crowdsourced and distributed AI training.

A Revolutionary Design Based on PCN

At the heart of NeuroMesh’s distributed training protocol lies the groundbreaking PCN (Predictive Coding Network) training algorithm – a true game-changer in this field. This approach empowers GPU owners worldwide to contribute their power, fostering a vast collaborative effort.

The PCN Training Algorithm: The magic behind NeuroMesh lies in the PCN training algorithm. Unlike traditional backpropagation (BP) methods, PCN enables fully local, parallel, and autonomous training. The team aims to create a vast network, where each node—representing a participating GPU—learns independently. PCN minimizes inter-layer communication, reducing data traffic and facilitating asynchronous training. Think of it as a symphony where each musician plays their part independently, yet contributes to a harmonious whole.

This cutting-edge model, inspired by recent advancements in neuroscience research pioneered by Oxford University, mimics the human brain’s localized learning approach. By storing error values and optimizing for a local target in each layer, it replicates the behavior of brain neurons. This allows NeuroMesh to define models that are much larger, with individual components that contribute to the same ultimate optimization objective for the whole network, just like the human brain where different stimuli are handled by different groups of neurons.

This biologically-inspired approach, combined with its inherent distribution capabilities, unlocks a new era of AI development.

A Call to Forge Global Partnerships

NeuroMesh invites partnerships globally, aiming to forge an AI future that everyone can participate in. Its protocol is the bedrock upon which a diverse ecosystem is being built. The ecosystem is designed to be dynamic, collaborative, and adaptable, ensuring that it can serve the AI model training needs of any size, from any industry. 

Individuals, projects with GPU resources, and entities with training needs are all welcome to join this transformative initiative. For comprehensive details on NeuroMesh and to participate in this leading-edge endeavor, users can visit nmesh.io.

About NeuroMesh

NeuroMesh comprises researchers and engineers from esteemed institutions such as Oxford, NTU, PKU, THU, HKU, Google and Meta. By empowering developers and organizations to deploy robust AI models, NeuroMesh is cultivating an inclusive AI ecosystem, bridging the gaps between the demand of training large AI models and distributed GPUs worldwide.

For more information, users can visit NeuroMesh’s Twitter | Telegram

Contact

CMO
Kenchia Lee
NeuroMesh
kenchia@nmesh.io
07746906341

Georgetown, Cayman Islands, April 9th, 2024, Chainwire

Developer DAO, Raid Guild, and Chainstack will bring their respective networks and distribution to POKT Network, providing more developers with read/write access to 60+ blockchains’ by building on top of POKT Network’s decentralized infrastructure 

POKT Network, the user-governed platform building a Universal RPC Base Layer, announced today the launch of three new Gateways: Developer DAO, Porters (backed by Raid Guild), and Chainstack. The new Gateways are a key part of POKT Network’s growth strategy to scale API access to every open data source on the internet.

Gateways serve as independent access points to the POKT Network, enhancing data accessibility and network performance. Each Gateway is built directly on POKT Network’s universal RPC base layer infrastructure and removes the need to build and maintain any of the underlying infrastructure, helping players like Developer DAO, Porters and Chainstack to operate as an independent RPC business. The innovation of Gateways lies in the ability for businesses of every kind – centralized or decentralized – to resell access to infrastructure by leveraging a blockchain protocol as the central coordinating party. This system adopts a unique business model that delivers the benefits of vertical integration through a decentralized network rather than a single centralized entity, meaning that more of the benefits are shared amongst more businesses. The protocol wins from more demand for the core service, while Gateways benefit from massively decreased time to market, lower operating expenditure and more time and resources to focus on the front-end of their businesses. The launch of these Gateways is a major step forward in POKT Network’s mission to provide developers and enterprises with the most reliable, performance, and cost-effective data, so they can focus on building the best applications with optimal user experience.  

“The introduction of these three key new Gateways marks a key step forward for POKT Network and the broader ecosystem,” stated Dermot O’Riordan, Director at the POKT Network Foundation. “In the same way that L2s radically improved scalability at the application layer, our Gateways enable builders to easily plug into POKT’s cost-effective, reliable, and scalable DePIN infrastructure without compromising on performance or UX. By accommodating access and demand on a scale previously unseen, we’re not just expanding the capabilities of our network, we’re laying the groundwork for a future where access to any large open data source is unfettered, secure, and universally available.” 

Since 2017, POKT Network has developed a leading decentralized physical infrastructure network (DePIN), achieving unmatched resilience, scalability, and cost-efficiency. The network guarantees 100% uptime, under 25 ms latency across over 60 blockchains, supported by about 15,000 nodes in 22 countries, at a cost of $0.85 per million API requests. Originally operating with a single Gateway, POKT saw its second Gateway launched in October 2023 quickly account for about 30% of network volume, showcasing the impact of new Gateways on POKT’s capacity. This marked the beginning of an accelerated strategy rollout. With the integration of a third Gateway in March and today’s launch of three more, POKT Network increases its Gateway count to six, a rapid expansion from just one seven months ago, highlighting a significant scaling of the Gateway strategy.

“POKT Network’s Gateway strategy offers developers and RPC providers an effortless way to leverage RPC infrastructure with enterprise level quality-of-service atop a permissionless and decentralized RPC infrastructure network, without having to build and maintain it themselves”, stated Daniel Olshansky, Head of Protocol at POKT Network. “The key breakthrough is the ability to decouple roles and responsibilities. Protocol participants maintain efficient infrastructure, Gateways focus on performance, and users get access to reliable, performant, and cost-effective services.” The introduction of three new Gateways enables builders to access and build upon this powerful decentralized infrastructure, set to become the backbone of the evolving machine-to-machine (m2m) world. 

• Developer DAO: Founded by EigenLayer’s Nader Dabit, Developer DAO is the first Gateway to be owned and operated by a DAO, channeling RPC revenues back into public good. Its emphasis on community and extensive network of builders will further drive innovation and network growth. By strategically partnering with leading blockchain networks, Developer DAO highlights a model where technology advances common good.
• Porters: Drawing on technical talent from the leading web3 developer collective Raid Guild, which has supported nearly 200 web3 development projects, Porters will deliver features and services at an unprecedented pace, all while adhering to open-source principles. Porters envisions a new era of decentralized infrastructure—a platform built by developers, for developers—ushering in a new wave of innovation and empowerment.
• Chainstack: one of the largest and most respected RPC businesses and provider in Infura’s mulitchain RPC network DIN, Chainstack is primed to channel significant volume to the network from the onset, using POKT Network to hyperscale to new chains and further elevate their existing resilience. Anticipating an initial relay volume of ~100 million relays per day, Chainstack signals its intent to scale operations rapidly.

The first DePIN report from Blockworks Research emphasizes the importance of reliable RPCs, “As the number of blockchains and rollups continue to grow, and their collective needs get even more demanding, with higher throughput and shorter block times, the need for performant RPCs for every blockchain has become very clear”. The report also highlights POKT’s Gateway model as a signal for how DePIN will scale, both in web3 and wider use cases, “In the end state, most customers will get their infrastructure via end-user-facing gateways/frontends (that effectively act like L2s to the underlying protocols)”, adding, “as POKT Network proves the benefits of this approach we expect to see other DePINs adopting a similar playbook to rapidly accelerate growth and innovation.”   

The Future of Decentralized Data Access with the Shannon Upgrade 

POKT Network’s Shannon Upgrade, scheduled for a summer 2024 release, will simplify integration for RPC providers and projects by removing current limitations and introducing permissionless gateway creation, making censorship resistance fully attainable. This update, currently in private testnet, aims to reduce costs, ease data access across blockchains and AI, and promote collaboration over competition. It marks a critical advancement in decentralized data infrastructure, broadening the range of supported use cases and fueling innovation.

About POKT Network

POKT Network is a leading decentralized blockchain infrastructure provider that empowers developers to build scalable, secure, and efficient blockchain applications with industry-leading data access. Leveraging cutting-edge technology, POKT Network offers a robust, decentralized infrastructure layer that facilitates seamless interaction between decentralized applications (dApps) and multiple blockchain networks. With a commitment to fostering innovation and accessibility in the blockchain space, POKT Network provides developers with the tools and resources they need to unlock the full potential of decentralized technologies.

For media inquiry, ana@serotonin.co

Contact

PR Manager
Ana Lezama
ana@serotonin.co

Dubai, UAE, April 9th, 2024, Chainwire

dWallet Network, a trailblazer in decentralized, native multi-chain technology, and Mysten Labs, a Web3 infrastructure company and the original contributor to Sui, announced their strategic partnership, focusing on the introduction of multi-chain interoperability into the DeFi ecosystem on Sui, the groundbreaking Layer 1 and smart contract platform. With the integration of the dWallet primitive, applications built on Sui can sign transactions on Bitcoin and Ethereum, opening up new cross-chain experiences on Sui. 

Sui is renowned for its secure, high-throughput, and low-latency blockchain capabilities, utilizing the Move smart contract language to offer developers a robust and secure platform for building sophisticated applications, all while maintaining extremely low and consistent gas fees. Through the partnership with dWallet Network, Sui is now poised to harness native, non-collusive, and decentralized dWallet technology, enabling seamless cross-chain interactions within its ecosystem. This collaboration is particularly significant for DeFi initiatives on Sui, providing them with the unprecedented ability to include native BTC and ETH transactions, a milestone in blockchain interoperability and functionality.

To implement the dWallet primitive, the dWallet Network utilizes 2PC-MPC, the state-of-the-art protocol invented by its team. This industry-first multiparty protocol enables the generation of an ECDSA signature in a non-collusive way, requiring participation from both the end-user and a significant number of nodes, the number of which could potentially reach hundreds or thousands.

Omer Sadika, Co-Founder of dWallet Network, expressed his excitement about the partnership, stating, “We are excited to partner with Mysten Labs and bring our decentralized, non-collusive dWallet building block to the Sui ecosystem. This partnership not only broadens the horizons for DeFi and gaming on Sui but also represents a significant leap towards realizing our vision of a seamless, multi-chain future.”

An exciting aspect of this partnership is the use of dWallets in conjunction with Sui’s zkLogin feature, offering a simplified Web2 user experience for managing assets across blockchains, including Bitcoin and Ethereum. This innovative approach leverages the ease of Web2 logins, like Google accounts, to interact with any asset on any blockchain, thereby reducing barriers to entry for users and enabling mass adoption of blockchain technology.

Furthermore, the collaboration extends beyond technical integration, with dWallet Network and the Sui Foundation co-hosting the Overflow hackathon. This event underscores the commitment of both projects to foster innovation, community engagement, and the development of cutting-edge applications within the Sui ecosystem.

“Interoperability is key to the growth of blockchain-powered applications. The introduction of dWallet’s innovative tooling will enable users in the Sui ecosystem to operate seamlessly across disparate protocols,” said Evan Cheng, CEO and co-founder of Mysten Labs, original contributor to Sui. “We’re thrilled to join dWallet in creating a multichain future.” 

The strategic alliance between Mysten Labs and dWallet Network marks a significant milestone, promising to bring unprecedented flexibility, security, and efficiency to multichain DeFi and gaming. As this partnership unfolds, it is set to catalyze innovation and accelerate adoption, opening new avenues for developers and providing users with richer, more diverse blockchain experiences.

For press inquiries, users can contact:

mystenlabspr@mgroupsc.com

siva@dwalletlabs.com

About Mysten Labs

Mysten Labs is a team of leading distributed systems, programming languages, and cryptography experts whose founders were senior executives and lead architects of pioneering blockchain projects. The mission of Mysten Labs is to create foundational infrastructure for web3.

Users Can Learn more here.

About Sui

Sui is a first-of-its-kind Layer 1 blockchain and smart contract platform designed from the bottom up to make digital asset ownership fast, private, secure, and accessible to everyone. Its object-centric model, based on the Move programming language, enables parallel execution, sub-second finality, and rich on-chain assets. With horizontally scalable processing and storage, Sui supports a wide range of applications with unrivaled speed at low cost. Sui is a step-function advancement in blockchain and a platform on which creators and developers can build amazing, user-friendly experiences.

Users Can Learn more here.

About dWallet Network

dWallet Network is the home of dWallets – programmable and transferable signing mechanisms that live on-chain. dWallet Network empowers builders on L1s and L2s to utilize dWallets as a building block for managing assets & enforcing logic across all of Web3 in a decentralized and noncollusive way.

Contact

Marketing Lead
Siva Sagiraju
dWallet Network
siva@dwalletlabs.com