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$OM Rockets Towards New Highs: RWA Tokenization Ignites the Crypto World!
In the ever-evolving landscape of decentralized finance (DeFi), one trend is capturing the imagination of investors worldwide: Real World Asset (RWA) tokenization. RWA tokenization is the hottest trend in DeFi, fundamentally changing how we interact with traditional assets. MANTRA, the world’s first RWA-focused Layer 1 blockchain, is at the forefront of this seismic shift. Unlike generic blockchains, MANTRA is meticulously designed from the ground up to meet regulatory requirements and compliance standards, specifically catering to the unique needs of asset tokenization.

Technical Analysis: Charting a Course for Success

The $OM chart boasts a compelling technical picture for current holders and those considering joining the ride. Here’s a breakdown of the key indicators signaling an imminent price explosion:

Trend Line Support: A robust trend line provides strong support, offering a bullish sentiment and a potential re-entry opportunity during minor corrections. This creates a crucial launchpad for the upcoming price surge.
- Ambitious Targets on the Horizon: Based on the current trend, we can identify potential price targets for $OM:
  - Target 1: $0.94953 (Reclaim the New ATH)
  - Target 2: $1.45600
  - Target 3: $2.13678
- RSI Hints at Healthy Growth: The RSI sits at 42, indicating neither overbought nor oversold territory. This suggests healthy price movement, but a potential breakout to the upside could see the RSI climb rapidly, further fueling the bullish momentum.
- Stochastics Below 10: The STOCH RSI sits below 10, typically signaling an oversold condition that often precedes sharp reversals to the upside. This adds another layer of technical bullishness to the $OM chart.
Rock-Solid Fundamentals Powering MANTRA’s Growth

The bullish case for $OM extends far beyond a promising technical chart. MANTRA boasts a robust foundation that positions it for long-term success:
- Unique Focus: MANTRA Chain is the world’s first RWA-focused Layer 1 blockchain, designed to meet regulatory and compliance standards, making it a standout player in the tokenization space.
- Strategic Funding: With a recent $11 million investment round led by Shorooq Partners and a diverse range of strategic investors, MANTRA Chain is well-capitalized to drive its vision forward.
- Top Rankings: Among the top RWA projects on CoinGecko, MANTRA’s innovation and influence in tokenization are undeniable.
- Regulation-Ready: MANTRA Chain is fully prepared to navigate regulatory requirements, ensuring compliance and attracting institutional interest.
- Strategic Roadmap: With the upcoming launch of the Hongbai Testnet Phase 2 in April, MANTRA Chain is poised to expand its reach and solidify its position as a leader in RWA tokenization.
Conclusion: Bullish Momentum Propels $OM

Amidst the frenzy of the crypto world, $OM stands tall as the undisputed champion of RWA tokenization. With technical indicators flashing green and fundamentals rock-solid, $OM’s ascent knows no limits. Investors should remain vigilant and capitalize on this compelling opportunity as MANTRA Chain propels $OM to unprecedented heights. The stage is set, and the momentum is undeniable – seize the moment and join the journey toward financial prosperity!
March 22, 2024
Crypto Laws in Canada

Cryptocurrencies have already been around for close to a decade and a half. Yet, most countries and institutions worldwide still don’t know exactly how to work with or classify or regulate them, let alone how to use them for people’s benefit. However, one country that stands out and sets an example of how crypto should be dealt with is Canada.

This isn’t to say that everything about the crypto laws in Canada is top-notch, as people on all sides of the crypto discussion have their gripes even with Canada’s laws and politics. Yet, there is no denying that Canada is leading the way in crypto legalization and regulation.

How Permissive Are the Crypto Laws in Canada?

Canada has had a distinct and well-balanced approach to crypto for almost a decade, ever since 2014. There are clear rules, regulations, and disclosure requirements for all legal entities dealing with cryptocurrencies that some might view as a bit restrictive; however, they also ensure that blockchain-based companies know how to operate within the bounds of the law.

This has led to hundreds of crypto companies moving to Canada over the past decade to offer their blockchain services and develop various decentralized apps. There is also the Canadian Securities Administrators (CSA) Financial Innovation Hub or the CSA Regulatory Sandbox, which welcomes cryptocurrency businesses and allows them to operate under the CSA’s surveillance.

Are Cryptocurrencies Considered Legal Tender in Canada?

Cryptocurrencies are not legal tender in Canada but are legal to trade with – meaning Canadian courts of law are not required to recognize cryptocurrencies as satisfactory payments in case of monetary debt. However, willing participants can buy, sell, and exchange cryptocurrencies if they choose to as long as they follow Canada’s federal, state, and provincial laws. Moreover, Canada has a vast network of Bitcoin-friendly ATMs and typically treats such digital assets without much censure.

Canada also conducted the famous Project Jasper, which was a collaboration between the Bank of Canada and private-sector participants such as the National Bank of Canada (BNC), Royal Bank of Canada (RBC), TD Canada Trust, Bank of Montreal, and the Canadian Imperial Bank of Commerce (CIBC). The purpose of Project Jasper was to find ways to use distributed ledger technology (DLT) as a payment system, with the Bank of Canada serving as a notary for certain crucial functions. The Bank of Canada also worked with the MIT Media Labs’ Digital Currency Initiative (DCI) to study how cryptocurrencies affect central bank digital currencies (CBDCs).

Such collaborations have led to a series of laws that aim to regulate crypto without restricting its use. A good example is the Proceeds of Crime Money Laundering and Terrorist Financing Act (PCMLTFA), which aims to help prevent money laundering through crypto. Under the PCMLTFA, businesses dealing with crypto are treated as money services businesses (MSBs) and given a framework for operating legally and transparently.

As a result, many Canadian banks now deal with cryptocurrencies through Interac e-Transfers. In short, trading using crypto is widely legal in Canada even if cryptocurrencies aren’t legal tender. However, it’s still important to remember that provincial laws can differ at times, especially with regard to specific currencies.

What Can You Use Cryptocurrency for in Canada?

Businesses and individuals in Canada can trade with crypto on open exchange trading platforms, exchange it with other people, or use it as a high-risk investment. For example, you can find a detailed crypto investment analysis here.

In essence, as long as you follow Canada’s legal framework and you’re not trying to use crypto as legal tender, you can use cryptocurrencies relatively freely and securely. This gives people much flexibility in which currencies they use for daily transactions. Want to use crypto the next time you go to play at an online casino? You can. Want to look for a fiat currency casino that has a good reputation and offers 25 currencies or more? You can still do that too.

Is Crypto Taxable in Canada?

Canada’s tax law treats different cryptocurrency transactions differently, just as is the case with gold or silver. There are many subtleties to become familiar with, but here are some basics.

Suppose you acquire cryptocurrency via mining or for services you’ve provided. This would be considered a type of barter, and the Canada Revenue Agency treats it as such, meaning that you’ll owe income tax. However, no tax is owed if you’ve purchased cryptocurrency with CAD for investment purposes. The amount you’ve spent on the purchase will be noted, of course, as selling the crypto afterwards will be counted as income.

Closing Words

Overall, Canada’s crypto laws can be annoyingly intricate for some people’s tastes. Some would even say they partially defeat the purpose of using crypto in the first place. Yet, the fact that Canada has become such a central hub for crypto businesses, trading, and investment shows how important it is to create a solid legal framework. All the hard work of Canada’s legislature over the past decade has evidently helped inspire a great deal of confidence toward crypto in many Canadians, which is why the country’s market continues to grow and thrive.

March 22, 2024
Bonk Investors Enter New Tier 1 Meme Coin Rivalling BONK

The migration of Bonk (BONK) investors into Shiba Budz (BUDZ) marks a significant development in the meme coin landscape, driven by the features, utility, and potential growth prospects of BUDZ. As Shiba Budz (BUDZ) emerges as a tier 1 meme coin rivaling Bonk (BONK), investors are drawn to its promising prospects and innovative approach. This migration underscores the dynamic nature of cryptocurrency investments and the constant pursuit of lucrative opportunities in this dynamic space.

The Rise of Shiba Budz: Features and Utility

Shiba Budz (BUDZ) has swiftly gained recognition as a tier 1 meme coin, captivating the attention of Bonk (BONK) investors with its innovative features and utility. Unlike Bonk (BONK), which initially gained popularity for its meme-centric branding, Shiba Budz (BUDZ) goes beyond mere aesthetics, offering practical applications and real-world utility. Its integration of blockchain technology and decentralized finance (DeFi) solutions has positioned it as a versatile token with multifaceted functionalities. This combination of features and utility has resonated with Bonk (BONK) investors seeking more than just speculative value, drawing them towards the potential of Shiba Budz (BUDZ).

Migration of Bonk Investors: Exploring New Opportunities

The migration of Bonk (BONK) investors into Shiba Budz (BUDZ) reflects a strategic shift in investment sentiment, driven by the allure of new opportunities and potential for growth. As Shiba Budz (BUDZ) emerges as a tier 1 meme coin and a formidable rival to Bonk (BONK), investors are drawn to its promising prospects and innovative approach. The decision to explore Shiba Budz (BUDZ) represents a calculated move by Bonk (BONK) investors to diversify their portfolios and capitalize on emerging trends in the meme coin market. This migration underscores the dynamic nature of cryptocurrency investments and the constant pursuit of lucrative opportunities.

Implications for Bonk and the Meme Coin Market

The migration of Bonk (BONK) investors into Shiba Budz (BUDZ) carries significant implications for both Bonk (BONK) and the broader meme coin market. For Bonk (BONK) , the influx of investors into Shiba Budz (BUDZ) poses a competitive challenge, as it faces the risk of losing market share and relevance in the face of a formidable rival. This shift in investor sentiment underscores the importance of innovation and adaptability in maintaining market leadership in the fast-paced world of cryptocurrency. On a broader scale, the migration of Bonk (BONK) investors into Shiba Budz (BUDZ) reflects the evolving dynamics of the meme coin market, characterized by fierce competition and constant disruption. As investors seek out new opportunities and explore alternative tokens like Shiba Budz (BUDZ), the meme coin landscape continues to evolve, driven by innovation and speculation.

Navigating the Future: Strategic Considerations for Investors

As Bonk (BONK) investors navigate the migration into Shiba Budz (BUDZ) and explore new opportunities in the meme coin space, strategic considerations become paramount. Diversification of investment portfolios, thorough research into the fundamentals of both tokens, and a keen understanding of market trends are essential components of making informed investment decisions. While the allure of Shiba Budz (BUDZ) may be tempting, it’s crucial for Bonk (BONK) investors to weigh the potential risks and rewards before making any significant moves. The decision to venture into Shiba Budz (BUDZ) represents a calculated risk, driven by the pursuit of lucrative opportunities and the desire to stay ahead of the curve in the ever-changing world of cryptocurrency.

In the ever-evolving world of cryptocurrency, investors are always on the lookout for the next big opportunity that promises substantial returns. Recently, Bonk (BONK) investors have set their sights on a new tier 1 meme coin that is emerging as a formidable rival to Bonk: Shiba Budz (BUDZ). This migration of Bonk (BONK) investors into Shiba Budz (BUDZ) marks a significant development in the meme coin landscape, driven by factors such as the features, utility, and potential growth prospects of BUDZ. Let’s unravel the narrative behind this migration and its implications for both Bonk (BONK) and the broader meme coin market.

For more information on the Shiba Budz (BUDZ) Presale:

Presale Website: SHIBA BUDZ (BUDZ)

Use Promo Code Topshib to get 20% bonus

Join and become a BUDZ member:

Telegram: https://t.me/ShibaBudzP2E

Twitter: SHIBA BUDZ “$BUDZ” (@ShibaBudz) / X

Disclaimer: The views and opinions presented in this article do not necessarily reflect the views of CoinCheckup. The content of this article should not be considered as investment advice. Always do your own research before deciding to buy, sell or transfer any crypto assets. Past returns do not always guarantee future profits.

March 20, 2024
ChatGPT Predicts Option2Trade Will 1000x, Investors Lose Faith in Shiba Inu and Split Their Bag

In an era where artificial intelligence (AI) shapes the contours of financial markets, a bold prediction by ChatGPT has stirred the crypto community: Option2Trade (O2T) is poised for a 1000x return. This forecast has significantly impacted investor sentiment towards Shiba Inu (SHIB), prompting a noticeable shift in investment strategies. This article explores the nuances of ChatGPT’s prediction, the resulting shift in investor sentiment away from Shiba Inu (SHIB), and the growing appeal of diversifying into Option2Trade (O2T) as a high-potential asset.

The 1000x Prediction for O2T

ChatGPT’s prediction hinges on the integration of AI and a broad asset offering by Option2Trade (O2T), spanning Forex, cryptocurrencies, stocks, commodities, and indices. This wide array ensures that Option2Trade (O2T) caters to a diverse group of traders, enhancing the trading experience and promoting portfolio diversification. The AI’s analysis points to Option2Trade (O2T)’s innovative approach to trading, leveraging technology to maximize returns across various market conditions. This 1000x return prediction is not just a testament to Option2Trade (O2T)’s potential but also highlights the platform’s commitment to leveraging AI for enhanced market analysis and trading strategies.

Shifting Investor Sentiment

The ChatGPT forecast has markedly influenced investor sentiment towards Shiba Inu (SHIB). Once celebrated for its meteoric rise and the community it galvanized, Shiba Inu (SHIB) now faces skepticism as investors reassess its long-term value proposition against AI-driven platforms like Option2Trade (O2T). The promise of exponential returns from a diversified trading platform has made some Shiba Inu (SHIB) investors reconsider their holdings, fearing that their investment might not keep pace with the innovations driving the broader market. This shift is a reflection of the growing preference for investments grounded in technological advancements and market adaptability.

The Appeal of Diversification

In the wake of ChatGPT’s prediction, the appeal of diversification has never been clearer. Investors, particularly those disillusioned with the performance of meme tokens like Shiba Inu (SHIB), are increasingly drawn to Option2Trade (O2T)’s promise of leveraging AI for trading across a wide range of asset classes. This approach not only mitigates risk by spreading investments across different markets but also positions investors to capitalize on the unique opportunities that each sector presents. Diversification, in this context, is not just a strategy for risk management; it’s a proactive move to harness the potential of AI in unlocking new avenues for wealth generation.

The impact of ChatGPT’s prediction extends beyond the immediate buzz it has generated; it signals a paradigm shift in how investments are evaluated and executed in the crypto space. As investors pivot from Shiba Inu (SHIB) to Option2Trade (O2T), driven by the lure of 1000x returns and the promise of AI-driven trading, we witness a broader realignment towards platforms that offer technological sophistication, diversified asset offerings, and the potential for substantial growth. This transition underscores the importance of innovation and adaptability in sustaining investor interest and confidence in an increasingly competitive and complex market.

In conclusion, ChatGPT’s prediction of a 1000x return for Option2Trade (O2T) has catalyzed a significant shift in the cryptocurrency landscape, with investors reevaluating the potential of Shiba Inu (SHIB) in favor of the AI-driven and diversified trading platform Option2Trade (O2T) offers. As the market continues to evolve, the emphasis on technological integration, diversification, and adaptability will likely become the new benchmarks for success, guiding investor choices and shaping the future of crypto investments.

For more information on the Option2Trade (O2T) Presale:

Use promo code O2TLaunch to get 15% bonus

Visit Option2Trade (O2T)

Join and become a community member:

https://t.me/O2TOfficial

https://twitter.com/Option2Trade

Disclaimer: The views and opinions presented in this article do not necessarily reflect the views of CoinCheckup. The content of this article should not be considered as investment advice. Always do your own research before deciding to buy, sell or transfer any crypto assets. Past returns do not always guarantee future profits.

March 20, 2024
Web3 Base Layer – Mystiko.Network Completed a 18 Million USD Seed Funding Round

BVI, BVI, March 20th, 2024, Chainwire

Mystiko.Network, the leading Base Layer of Web3, has completed a 18 Million USD seed funding round led by Sequoia Capital India/SEA (now known as Peak XV Partners), with participation from Samsung Next, Hashkey, Mirana, Signum, Coinlist, Naval Ravikant, Sandeep Nailwal, Gokul Rajaram, Tribe Capital, Morningstar Ventures, etc.

In less than a year, Mystiko V1 mainnets have supported over 134 Million USD transaction volume, 214K+ transactions on 5 different layer1/layer2 blockchains, with 54K+ unique active onchain users.

Previously, Mystiko.Network has also been selected to participate in esteemed programs such as Binance MVB, Chainlink Startup, Polygon Ecosystem and Coinlist Seed.

About Mystiko.Network

Mystiko.Network is the Base Layer of WEB3. Mystiko SDK, the universal ZK SDK, features scalability, interoperability, privacy and AI for every blockchain/dapp all at once.

Learn more about Mystiko. Network and follow us:

Website|Camo Wallet| Twitter| Discord | Medium | Whitepaper| Docs

Contact

Alex Dao
info@mystiko.network

March 20, 2024
Mysten Labs Technology Prototype on Sui Provides First Proof of Elastic Blockchain Scaling

Palo Alto, California, March 20th, 2024, Chainwire

Pilotfish, a prototype Sui extension, was able to grow smart contract execution throughput in direct proportion to the number of machines used.

Mysten Labs, a team of leading distributed systems, programming languages, and cryptography experts and originators of the Sui Network, today announced a landmark achievement in scaling blockchain capacity. During testing and development in a Sui blockchain environment, Pilotfish, a prototype Sui extension, increased throughput by 8x when backed by 8 machines, successfully illustrating the possibility of linear scaling. Notably, the latency per transaction decreased as more machines were added during the test, proving the viability of linear horizontal scaling for low latency blockchain transactions for the first time ever on any blockchain.

This proof-of-concept, was formally presented as an academic preprint titled, “Pilotfish: Distributed Transaction Execution for Lazy Blockchains,” and initially shared on January 29, 2024 as an article on the open access archive arXiv.

“Pilotfish is a game changer as the blockchain industry seeks to achieve the same dynamic capacity increase currently possible only with centralized server technologies,” said Lefteris Kokoris-Kogias, one of the authors of the paper and researcher at Mysten Labs. “Pilotfish has the potential to push throughput well beyond what is currently at the forefront of high-performance blockchains, enabling transaction throughput levels no other blockchain existing today can achieve.”

Sui leads the industry in throughput by leveraging multiple cores for parallel transaction execution within individual validators. Using this approach, within months following mainnet, Sui reached 65.8 million transaction executions in a single day—the most of any blockchain ever. However, a single machine can only incorporate a finite number of cores, so throughput gains via this strategy are limited. Moreover, the machines capable of accommodating large numbers of cores are expensive to buy and use. The breakthrough solution that Pilotfish offers enables a single validator to employ multiple servers simultaneously. This new technology not only makes elastic capacity possible, but its auto-scaling architecture, akin to centralized solutions like AWS or Heroku, allows the use of smaller, cheaper servers available on demand.

Nearly all other blockchains aiming to scale use some form of batching—grouping transactions together to be added all at once. The downside of this method is significant additional latency. Instead of transactions moving directly to finality, they are delayed waiting for others to be batched for execution with them. Unlike these other scaling solutions, Pilotfish achieves potentially linear throughput scaling without increasing latency. In the simplest terms, with the horizontal scaling enabled by Pilotfish, simply by engaging the requisite number of machines, a validator can adapt its throughput and resource use to the use case at hand.

Alberto Sonnino, a research scientist at Mysten Labs, said, “Until now the only option to increase a validator’s capacity has been to upgrade to a more powerful machine. Pilotfish removes that constraint, making possible horizontal scaling by simply adding servers and without delaying execution. With Pilotfish, the question is no longer whether a level of throughput is possible, only how many servers it will require.”

Pilotfish achieves its remarkable scalability by enabling a single validator to execute transactions across multiple machines. Specifically, Pilotfish partitions the validation function into three key roles: (1) the Primary, which handles sequencing transactions using a high-throughput consensus, (2) SequencingWorkers (SWs), which store transactions and dispatch them for execution; and (3) ExecutionWorkers (EWs), which store the blockchain state and execute transactions received from the SWs. Different components may reside on multiple different machines to increase the capacity of the system with more precision.

In experimental results, Pilotfish has already achieved remarkable results in terms of linear scaling, low latency, and support for various workloads. In testing, Pilotfish reduced network response times and maintained a latency envelope below 20ms. Future plans include enhancements like multiple SequencingWorkers, shard replication, and ultra-fast networking.

Contact

Mysten Labs
lexi.wangler@mystenlabs.com

March 20, 2024
Memeinator Presale Enters Into Final Stage With Over 96% Tokens Sold

London, United Kingdom, March 20th, 2024, Chainwire

Memeinator’s presale has entered its final stage with 4% of the total supply of tokens remaining before it becomes available for public trading.

The team has observed the presale’s impact among meme coin enthusiasts, driven by its Terminator-inspired branding and ambition to lead in the meme coin market.

They also expect the enthusiasm for MMTR tokens to further increase as it hits the open market, which will be further fuelled by the release of The Meme Warfare game being developed by Red Apple and due for a beta release in Q2.

Memeinator has gained significant attention from an audience of over 150,000 across social platforms, and developed a cult following rivaling that of its arch-enemy, Pepe. Fans have rallied around the token’s goal of dominating the meme coin market and its mission to achieve a $1 billion market cap.

Memeinator (MMTR) is available to buy on the official site.

Meme Coin Domination

Memeinator has made its mission clear thus far: to eliminate all competition and achieve total meme coin market domination.

The Head of Product, Marco Tonetti, said:

“We have been blown away by the community support throughout the presale. As it comes to an end, it’s important to remember that this is only the beginning for Memeinator: MMTR will be available for public trading soon, followed by the release of our Meme Warfare game. Everyone here is super excited to see what comes next.”

Memeinator aims to deliver returns as seen with meme coins like BONK, PEPE, and SHIB, while retaining the original purpose of meme coins — fun. The project doesn’t promise false utility but instead pits itself against tokens with such lofty claims.

The Meme Warfare game, which launches later this year, brings this battle to the fans. Players control the Memeinator, destroying rival meme tokens in a retro shoot-em-up game.

The MMTR token itself has much to offer as well, featuring deflationary tokenomics and an enticing staking program. The team hopes that MMTR can ride the current wave of meme tokens and emulate the recent price action of Dogwifhat, Smog, and others that have been leading the market according to Cointelegraph.

Enter Meme Season

Altcoin season has not yet “officially” begun, yet meme coins have already made an unexpectedly powerful impression on this bull run. The creators of Memeinator believe this is why the token has been so well received.

Dogwifhat (WIF), an emerging meme token, reached the $3 price point this month, and the team believes there is potential for MMTR to achieve this from current levels and reach a price in the same region. With these ambitions, Memeinator’s goal of a $1 billion market cap seems achievable, especially when compared to the $23 billion capitalization of current meme coin leader Dogecoin.

Momentum continues and the team expects the last remaining tokens, available at the final stage price of $0.0292 to sell out soon.

About Memeinator

Memeinator distinguishes itself as an innovative project in the landscape 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, users can visit the website.

Official Website | Whitepaper | Socials

Telegram

Twitter/X

Contact

Memeinator Team
Memeinator
pr@memeinator.com

March 20, 2024
zbyte’s SDK Launch: Igniting a New Era in Web3 Growth and Mass Adoption for Creators

Cayman, Cayman Islands, March 20th, 2024, Chainwire

zbyte, the trailblazing Web3 infrastructure platform, announces the launch of its groundbreaking SDK, setting a new standard in the ease of blockchain development and accelerating the growth of Web3 ecosystems. This SDK launch is a pivotal step in zbyte’s mission to democratize blockchain technology, making it accessible and practical for creators, entrepreneurs, and developers across the globe.

Empowering Creators with Revolutionary Tools: The zbyte SDK is designed to remove the complexities traditionally associated with blockchain development. With zbyte’s innovative approach, wallet creation becomes effortless and seed phrase-free, seamlessly integrated into any existing web or mobile app with just a few lines of code. But that’s just the beginning. zbyte’s SDK empowers developers to deploy and invoke smart contract functions directly from within their web applications, all while managing gas payments seamlessly in dPLat. zbyte’s advanced gas manager ensures transactions are paid for correctly, significantly improving the success rate on blockchain and reducing errors and incomplete transactions. This launch represents a major leap forward in enabling a more inclusive and dynamic Web3 space.

The Power of the DPLAT Token: Central to zbyte’s ecosystem is the DPLAT token, The SDK will play a pivotal role in value accrual to the token.

Co-Founder Saurabh Radhakrishnan on the SDK Launch: “At zbyte, we recognize the complexities developers face with Web2 and blockchain technology, from intricate infrastructures to the decentralized nature and security demands of blockchain. To tackle these hurdles, we’ve crafted an integrated platform that simplifies the development process. Our low-code/no-code environment and intuitive tools allow developers to quickly create blockchain applications, while our SDK ensures a smooth transition from prototype to production, providing the necessary APIs and tools to scale and enhance their projects. The multichain capabilities of dPlat currently encompass Polygon and Avalanche, with support for additional blockchain networks on the horizon. This dual integration provides developers with a robust foundation for building their applications, offering compatibility with two prominent blockchain ecosystems and our roadmap includes plans to expand compatibility for a multitude of other blockchain networks. We aim to make blockchain development straightforward, enabling developers to realize their innovative visions with ease and confidence.”

The SDK-propelled ecosystem is already growing: There are developers, creators, and even companies building on zbyte’s decentralized platform. Over a dozen dApps are set to go live and promising entities like IDLink, The F* Word, and UGCVerse have launched their businesses leveraging zbyte’s infrastructure with many more in the pipeline.

ID Link’s partnership with zbyte is transforming luxury fashion by introducing a product passport that offers detailed insights into the lifecycle of each item, fostering transparency and consumer involvement in sustainable practices. Dea Baker, co-founder of ID Link, emphasizes this collaboration as a paradigm shift, letting customers make informed choices and actively engage in the circular fashion movement with zbyte’s innovative technology.

UGCVerses’s is redefining digital engagement, creating a dynamic space where virtual items evolve into real-world interactions, reshaping brand relationships with the digital generation. Lian Pham of UGCverse says “Our vision is a journey beyond mere transactions, focusing on meaningful connections that resonate with a new generation”. We are thrilled that it is powered by zbyte’s innovative technology to bring virtual and real experiences together.”

The creators are coming: zbyte is revolutionizing the transition from Web2 to Web3, serving as the ‘easy button’ for all creators, including authors, designers, artists, musicians, and developers. With a strong pipeline of 25 entities and many upcoming dApps, zbyte is set to significantly help the diverse community of creators, streamlining their journey into the Web3 space.

Rosmon Sidhik, CTO & co-founder of The F* Word, emphasizes the synergy between fashion designers and tech developers facilitated by zbyte: “Our partnership with zbyte has been instrumental in bridging the creative and technological worlds, providing an intuitive platform for fashion designers and developers alike.”

About zbyte

zbyte is a premium AI-enabled, Web3 infrastructure platform driving the acceleration of Web3 adoption by providing an easy-to-use dApp creation platform that supports multiple public blockchains. Existing skillsets can fuel a dApp economy by leveraging Web2-friendly programming languages, systems, and user experiences. The increased proliferation of dApps will attract more end-users and blockchain transactions, increasing the scale and adoption of blockchain-enabled applications.

zbyte offers an array of features and functionality to enable seamless adoption of Web3 such as an API-first approach, multiple Layer1 blockchain support, connectors to Web2 systems, usage of dapps without gas fees, portability of digital assets across chains, inbuilt ZKP-based privacy, and more all in one package. Aggregating point solutions in the Web3 industry into one platform enables dapp adoption, leading to more blockchain transactions and developer migration from Web2 at scale.

Contact

zbyte Marketing
zbyte
marketing@zbyte.io

March 20, 2024
EOS Blockchain Unveils Major RAM System Updates for Efficiency and Utility

EOS recently implemented significant RAM system updates through the upgrade of their system contract v3.3.0. This radical upgrade will result in a flexible, efficient, and more useful EOS network that will create an entirely new world for developers and users. This update will facilitate creative applications, and resource management which is more dynamic and enables fostering a thriving ecosystem set to redefine the blockchain landscape.

Key Features of EOS RAM Upgrade

In the upgrade, one of the most amazing features introduced is Transferable RAM where users can transfer their RAM between accounts without any charge. This innovation covers the demand for fluid RAM management which affords users to efficiently allocate and reallocate their resources as per their demands.

The key highlights of Transferable RAM include zero fees for transfers, the ability to transfer only uncommitted RAM, using require_recipient to notify both sender and receiver plus having a memo field limited to 256 bytes for clear communication between parties.

Besides that, The EOS Ecosystem has another important addition known as The RAM Utilities App that provides vital functions regarding EOS RAM management. This means that users can now buy RAM for any account or sell RAM and get back their EOS token by transferring RAM on other accounts.

The new RAM Logging & Notifications feature has been integrated with inline actions to confirm the number of bytes sent or received in RAM transactions. This means that payers and receivers will have accurate knowledge of specific transaction details. Smart contracts can use these notifications thus enabling sophisticated contract interactions using actual RAM usage metrics thereby increasing the EOS network’s functionality.

Burn RAM and buy RAM: giving users power, improving security

Presently, users can burn their accounts’ RAM which is sent to eosio.null. The sale does not affect either the global quantity or the market price of RAM tokens; hence it helps to keep balance on the market while allowing end-users to take charge of their assets.

Moreover, buyramself action enhances security during purchases for more user benefits than ever before. It also acts as a safeguard against misallocation by adding credibility to the system. This action can be safely delegated since it allows web applications to purchase RAM on behalf of an account without potentially becoming an attack vector themselves.

DefiLlama states that the Total Value Locked (TVL) in EOS RAM has now crossed $20 million. In fact, if we include unsold RAM on the other side of the Bancor Automated Market Maker (AMM) powering the pool, TVL is more than $40 million.

RAM Tokenization on EOS

Another major project coming up is RAM tokenization which aims at bringing in some levels of flexibility when it comes to managing system RAM through tokenization. This approach makes not only exchanging RAM simpler but also aligns it more closely to the digital asset market thus providing new vistas for listing such tokens on centralized exchanges

Conclusion

EOS RAM has become an ephemeral backbone underpinning an array of innovative apps that are racing ahead. These updates are a giant leap forward towards optimal resource management and utility within a transforming EOS ecosystem. EOS enthusiast, are on the right track because they are likely to benefit from the various opportunities that EOS presents from this upgrade.

March 19, 2024