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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

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

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

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Contact

Memeinator Team
Memeinator
pr@memeinator.com

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