Orbs has formed a strategic partnership with Axelar Network, allowing users to securely bridge their ORBS tokens across prominent blockchains.
Axelar Network follows Orbs’ transition to a reliable alternative for secure token bridging after the collapse of Multichain.
Axelar Satellite emerges as a robust solution for cross-chain communication, ensuring seamless token swaps for Orbs users across various top blockchains.
Top Layer-3 infrastructure network, Orbs, has announced a new partnership with Axelar Network. This strategic partnership will enable Orbs users to bridge ORBS tokens across leading blockchains, including Ethereum, Avalanche, and BNB Chain.
A prominent L3 infrastructure network for decentralized applications, Orbs works perfectly with a wide range of dApps. By integrating Axelar Network, Orbs has provided users a secure and reliable way to bridge its token across top blockchains.
Moving on from Multichain
In the past, Orbs relied on Multichain cross-chain protocol for bridging of its tokens to alternative networks. A big gap was created when Multichain announced the cessation of operations in June due to an ‘unusual activity’ that lead to withdrawal of assets worth over $126 million from its wallets. The exact nature of the unusual circumstances remains unclear but Orbs has moved on.
In the past weeks, Orbs focus was finding a reliable alternative – a new bridge provider that will offer the highest level of security. Orbs also wanted a stable network that will guarantee support for ORBS token across all chains that were previously supported by Multichain. In the end, Axelar network was picked as the right alternative.
What Axelar network offers
Axelar Satellite ticks all the boxes when it comes to cross-chain communication for web3 projects. It’s a particularly excellent choice for projects creating decentralized applications that work across a single blockchain ecosystem. It utilizes proof-of-stake consensus mechanism, just like the majority of leading blockchain networks.
A top-level interchain infrastructure, Axelar Satellite will enable users to safely bridge ORBS tokens across popular blockchains, such as Ethereum, BNB Chain, Avalanche, Arbitrum, Fantom, and Axelar from today. It is known for its simple UI, which makes it very easy to use. Users can bridge their assets in just a few clicks.
Axelar has a really good reputation, especially when it comes to transferring digital assets across supported chains. So far, it has facilitated over 700,000 cross-chains swaps. The total value of transaction is now in excess of $1.8 billion.
In terms of what Orbs network needs, Axelar Satellite is the perfect partner. It meets the high standards Orbs needs. The ongoing security audit of its smart contracts and infrastructure is another big plus. The fact that its codebase is completely open and can be viewed by the community through its Github page adds another level of trust.
Wrapping up
Orbs’ recent integration with Axelar Satellite provides a secure and reliable way for users to swap ORBS tokens across a number of leading blockchains. It appears to be better than the erstwhile collaboration between Orbs and Multichain cross-chain protocol. Starting today, Orbs users can be sure that they can securely swap tokens across the top five blockchains
Granite city, U.S. Outlying Islands, August 14th, 2023, Chainwire
BTCX Token, a revolutionary platform inspired by the rebranding of Twitter and the visionary influence of Elon Musk, has secured $1.5 million in pre-seed and seed funding to address inefficiencies in the cryptocurrency market. With the aim of upgrading Bitcoin by introducing hyper-deflationary features, BTCX Token seeks to redefine the future of cryptocurrency, tackling key challenges such as volatility, inefficiency, scalability, and sustainability.
The recently concluded funding, with a valuation of $10 million, is backed by prominent names in the industry by following the steps of the early-staged Bitcoin, enabling BTCX Token to fully enhance its technological foundation and expand both within and outside the cryptocurrency ecosystem. The involvement of experienced Advisory Board members ensures that BTCX Token will solidify its innovative presence in the market.
BTCX Token’s unique approach in the form of the combustion model represents a systematic means of controlling supply. By permanently reducing the circulating supply through burning, it creates a scarcity that drives value, echoing transformative moves by tech giants and industry leaders. Unlike arbitrary burning mechanisms, BTCX Token’s strategy is thoughtfully aligned with its core ideology, crafting a stable and thriving cryptocurrency ecosystem that promises future appreciation.
The BTCX Token also introduces a novel concept in staking, offering investors a chance to earn BTCX tokens passively by holding them using BTCX’s disrupting algorithm. This simplification and democratization of staking marks a significant milestone, setting it apart from more traditional and volatile avenues. By rewarding stakers, BTCX Token aligns user interests with network growth, creating a mutually beneficial environment. This alignment of incentives fosters community participation and engagement, a crucial factor for enduring success in the rapidly changing crypto world.
The Tokenomics of BTCX Token are intricately woven into the fabric of its design, ensuring long-term viability and a deep commitment to growth. With a total supply of 21,000,000 BTCX Token, the structure includes 5,250,000 BTCX Token for presale, 8,610,000 BTCX Token for burning, 5,040,000 BTCX Token as a reward for staking, and 2,100,000 BTCX Token for liquidity. The presale of BTCX Token Token allowed investors to buy at attractive prices, reflecting the community’s confidence in this groundbreaking project. By staying attuned to market needs and trends, BTCX Token demonstrates adaptability, a vital factor in the rapidly evolving crypto landscape.
The platform’s ideology is firmly rooted in inspiration and innovation, and it’s poised to pave the way for the next Bitcoin era, offering solutions, opportunities, and a vision for the future. By focusing on adaptability, security, and performance, BTCX Token connects diverse liquidity hubs without fragmentation, ensuring relevance and resilience. The revolution has begun, and BTCX Token is leading the charge.
After months of development and testing, BTCX Token is ready to embark on a new chapter in crypto history, signifying a leap in thinking and evolution in the cryptocurrency space. As the project’s public mainnet is set to open, the world watches with anticipation, recognizing BTCX Token as more than just a new Token; it’s the beginning of a new era.
For more information about BTCX Token, please visit: BTCX.IO
About BTCX Token
BTCX Token is more than just a cryptocurrency; it signifies a leap in thinking and an evolution inspired by innovative leadership. By addressing industry needs and introducing innovations in staking, combustion, and presale strategies, BTCX Token is poised to pave the way for the next Bitcoin era.
dYdX and Avalanche (AVAX) sit on opposite sides of the spectrum at the moment. While the former reasserts itself as a leading decentralized exchange, users have seemingly lost interest in the latter. Still, neither of these projects can compete with the unbeatable edge of VC Spectra (SPCT).
This new DeFi project will soon make waves in crypto. Fortunately, you have the chance to get involved before it does.
Learn more later after uncovering the most pertinent news for dYdX and Avalanche (AVAX).
USDC Stablecoin Issuer Releases Unique Wallet On Avalanche
Circle, the issuer of USDC, has rolled out a unique multiparty computation or MPC wallet on Avalanche (AVAX), as part of the ‘programmable wallets’ series. The company’s mission is to bridge the gap between conventional Internet and blockchain platforms and grow the usage of USDC.
Of course, Avalanche enthusiasts will hope such a feature boosts the AVAX price, which has slid 21% recently from $15.97 to $12.55. Plenty of fundamentals explain the cause behind Avalanche (AVAX)’s decline. Data from Artemis reveals a drop in areas like active addresses, daily transactions, fees, and revenue.
Aside from competition and an overall bear market, no other development explains this ‘dry’ period for Avalanche (AVAX). On the bright side, forecasters show decent prospects for Avalanche (AVAX) by 2024, many of which expect a $30 maximum.
Now let’s look at dYdX, which is doing much better.
dYdX Up Almost 17% Following Proposal To Reduce Token Issuance
While many altcoins face downward pressure, dYdX has been quite resilient over the past few weeks. At the end of July 2023, dYdX’s community proposed to slash rewards for liquidity providers by half.
One of the purposes was to slow down the issuing of the dYdX token, thereby encouraging price appreciation. Three days later, the proposal got a majority vote. Since then, the price of dYdX has reacted accordingly, climbing 17% from $1.89 to $2.23.
Before the voted plan, dYdX had launched its standalone blockchain, dYdX Chain, migrating away from Ethereum.
Overall, the future looks bright, with its price exceeding expectations in 2023. Similarly, VC Spectra (SPCT) is poised for a bullish trend that will easily outpace dYdX and Avalanche (AVAX).
VC Spectra (SPCT) To Excel With Above-Average Returns In Decentralized Asset Management
VC Spectra (SPCT) is here to shake up the asset management industry with a decentralized hedge fund to finance promising blockchain and technology companies. This platform aims to make investing in these markets simpler, autonomous, and cheaper.
VC Spectra (SPCT) recognizes the multi-billion-dollar value of the blockchain and technology industries and wants everyone to capitalize on it regardless of their wealth or background.
VC Spectra (SPCT) uses smart contracts to manage investments, distribute rewards, store funds, and more. Thus, investors are far more empowered to make their own decisions regarding their portfolios and deposit or withdraw their assets at will without intermediaries.
Earlier, we briefly mentioned how dYdX’s community made a game-changing decision. This is the power of decentralized governance, another of VC Spectra’s key elements with the Spectra token (SPCT). SPCT holders get voting rights to influence vital operational decisions. What’s more, SPCT offers quarterly dividends through buybacks and exclusive access to pre-ICOs.
Get SPCT on most Ethereum and Bitcoin wallets for a measly $0.011, anticipated to jump by 127% to $0.025 in Stage 3 of VC Spectra’s in-demand presale. Forecasters are quite bullish that VC Spectra (SPCT) should be worth $0.08 after the presale is finished representing a 7.27x (or 627%) gain for early adopters.
Disclaimer: This is a paid-for sponsored article. 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.
Paris – The Metaverse Summit 2023, an international convention dedicated to celebrating the forefront of Metaverse technology and creativity, is set to convene once again. This highly anticipated event brings together visionaries, developers, investors, stakeholders, and experts to delve into the future of the Metaverse and its transformative potential.
The theme of this year’s Metaverse Summit is “The Role of NFTs in Redefining Digital Ownership.” As the Metaverse continues to gain momentum, non-fungible tokens (NFTs) have emerged as a groundbreaking technology that is reshaping the concept of digital ownership. The summit aims to explore how NFTs are revolutionizing various industries and empowering creators and users with true ownership of digital assets.
The two-day summit, scheduled to take place in Paris on 21-22 September 2023, will offer a remarkable opportunity for the global community to come together, forge new synergies, and achieve common goals. From startups to established enterprises, attendees will have the chance to define their strategies and investment plans in bridging the gap between Web 2 and Web 3 technologies.
Paris, the Capital of Art and Fashion, has been a pioneering force in embracing the Metaverse, and it aspires to establish itself as the leading “Web3 Capital.” With the backing of cultural institutions and French President Emmanuel Macron’s support for Web3 innovation and NFT policies, Paris aims to showcase its rich heritage and diverse cultural assets in the virtual universe. The Metaverse Summit 2023 will play a pivotal role in assisting Paris to realize its dream of becoming the Metaverse capital.
“We believe that NFTs are the key to unlocking the full potential of the Metaverse,” says Yingzi Yuan, Founder of Metaverse Summit.
“These unique digital assets enable true ownership, scarcity, and provenance, paving the way for new business models and unprecedented creative possibilities.”
The summit will offer attendees a diverse array of enlightening sessions, workshops, and panel discussions featuring esteemed experts and pioneers in the field of NFTs and the Metaverse. From exploring the intersection of technology, imagination, and art to discussing the latest advancements in NFT standards and decentralized platforms, the Metaverse Summit 2023 promises to be a transformative experience for all participants.
About Metaverse Summit:
Metaverse Summit is a prestigious gathering of entrepreneurs, builders, investors, and experts devoted to exploring and shaping the future of the Metaverse. As part of our commitment to inclusivity and diversity, this year’s summit will proudly host the first female-founded web3 conference, highlighting the vital role women play in driving Metaverse innovation forward. Taking place on 21-22 September, 2023, in Paris, this two-day event will foster meaningful connections, inspire new collaborations, and propel the Metaverse ecosystem to greater heights.
Join us at Metaverse Summit 2023 as we embark on a groundbreaking journey into the future of digital ownership and the boundless possibilities of the Metaverse. Together, we will redefine the way we interact, create, and thrive in the digital realm.
Uwerx is changing the face of crypto and freelancing. Its launch, which happened on August 1, 2023, witnessed massive success, exceeding expectations such that it now sits among the top cryptos in the market.
However, following the successful launch, Uwerx witnessed a hack challenge. But Uwerx is still committed to its core values. These values are transparency, security, and sustainability.
This article will focus on Uwerx’s successful launch, the hack, and Uwerx’s recovery strategy. We will also talk about Uwerx’s updates and the big things that are underway.
Uwerx’s Launch Exceeds Expectations: The Next Big Things Are Underway
The gig economy is creating opportunities for freelancers and helping them to gain financial freedom. However, there could be more.
Imagine a freelancing industry where the rights of freelancers are protected, service fees are lower (in this case, only 1%), and blockchain technology is incorporated, leading to decentralization of freelancing, incentivization of freelancers, and more.
With the launch of Uwerx, a revolutionary freelancing platform, this is now freelancing’s reality.
Uwerx, which launched on August 1, 2023, at 16:00 UTC, saw a significant success beyond what was initially forecasted. The developers’ agile methodology also contributed to the launch’s success.
Uwerx was initially deployed on Uniswap (UNI), enabling token holders to trade their WERX on the protocol. Just as the team previously stated, they began the 25-year liquidity lock on the developers’ tokens to assure investors and users of the project’s sustainability.
They reiterated that they would give up smart contract ownership once the project goes live on centralized exchanges. In tandem with this, the team submitted their applications to coin listing sites.
A buyback campaign was launched to support the Uwerx platform further, and it is expected to scale as time progresses. The campaigns will be weekly. However, specific dates and times will not be released to avoid anyone taking undue advantage.
The team is working hard to finish the platform’s core functionality design immediately. They are focusing on Client, Freelancer, and Agency Dashboards, Project Management, and Additional Settings Pages.
After completing these, a Minimum Viable Product (MVP) with functions will be available to the public. The feedback gotten from these will guide the team in designing the premium functionality.
The team has completed the Uwerx Vault, which 84% of the community welcomed. Users can begin using it once the Uwerx Vault smart contract audit is completed.
The Flash Loan Attack
Following the successful launch, Uwerx was attacked on August 2, 2023, with the attacker gaining over $327,000. The attacker flash loaned 20,000 ETH, which was swapped for 5,053,637 WERX. Afterward, the attacker sent 4,429,817 WERX to the Uniswap pool, around ten times the prior balance.
The Uwerx contract had a private address variable, the UniswapPoolAddress, which was initially set to 0x00…1. Hence, the attacker created an imbalance by transferring tokens to the actual Uniswap pool using the skim() function of Uniswap with the 0x00…1 address as the “to” address.
The attacker used the transfer function of the Uwerx contract, which first modifies the sender’s balance. If the “to” address is the uniswapPoolAddress variable (i.e., 0x01), it burns an extra 1% of the initial amount. Consequently, an additional 1% of the tokens were burned, creating the imbalance exploited by the attacker, which led the attacker to gain 176 ETH, or $327,000.
Uwerx Deploys A Mindblowing Hack-Recovery Strategy
Although the hack was supposed to be a big blow, Uwerx took it in a positive light and has yet again shown it is here to stay. Rather than fold their hands, the Uwerx team faced the challenge head-on and devised strategies to overcome the hack.
First, they acknowledged the hack was true, a sign of their transparency and truthfulness to the community. Following this, they have put out a white-hat bounty, asking the attacker to return 80% of the exploited funds and keep 20%.
Secondly, Uwerx is set to relaunch and will be back better and stronger. The new contract address will be released to the community, and enough time will be given for everyone to prepare themselves. The contract address will be audited twice by reputable companies and once by an independent contractor.
Although Uwerx was built on Polygon, it was initially deployed on Uniswap. But with the relaunch, it will deploy on Polygon. The advantages will include lower gas fees and the zero need for WERX holders to bridge if they want to use their tokens on the Uwerx platform.
An airdrop will be conducted once the vesting period is over to ensure those who bought WERX on Uniswap do not lose out following the relaunch. Also, the team assures those who bought WERX during the presale that their tokens are safe.
The funds initially reserved for the buyback program will be used for the relaunch to provide liquidity. The team also suggests a sliding sell tax with 100% going to liquidity and a no-burn tax to support the Uwerx platform significantly.
Also, the tokenomics will be changed to accommodate users and investors, and the recent proposition is:
Presale: 57% (427,500,000)
User Performance Incentives: 6% (45,000,000)
Liquidity Reserve: 14% (105,500,000)
Marketing: 9% (67,500,000)
Team Tokens: 6% (45,000,000)
Partnership Incentives: 2% (15,000,000)
Joining Incentives: 6% ( 45,000,000)
Based on the presale result, 25,499,071 WERX will be burned. The Uwerx Vault smart contracts are now being modified due to the change in Uwerx’s contract address. Also, Uwerx’s whitepaper will be slightly modified to reflect all the changes that will be made.
The development of the Uwerx platform is still in motion. Despite the recent hurdle, sections like Settings, Privacy Policy, Help Center, Login, Create Account, Forgotten Password, Finished Payments, and Security have been completed.
Uwerx has always been community-driven. As such, the team is conducting two polls this week to hear what the community wants. These polls have already been put up on Uwerx’s Telegram channel and Twitter page. The polls ask the community how long the vesting period should be and their thoughts on directing the sliding sell tax to liquidity.
The polls will end on August 13 at 18:00 UTC. After that, the team will begin building the new WERX on August 14 and announce the specific details of the new WERX relaunch. More feedback and opinions can be sent to their email, feedback@uwerx.network.
To further keep everyone in the loop, there will be a press release before the week runs out. This will further detail Uwerx’s recovery plan. Also, a more detailed update will be released on August 21 concerning WERX’s relaunch.
This hack incident has demonstrated Uwerx’s resilience, persistence, sustainability, and transparency as it upholds its vision and purpose amidst this setback. Also, Uwerx is ready to turn these challenges into opportunities, reinforce stronger security measures, and rebuild again.
The Uwerx community has grown exponentially, with over 2,500 Telegram members and 2,000 Twitter followers. Uwerx is definitely the future of freelancing, and its team is putting in efforts to ensure the project delivers on all its promises.
With the moves the team is making and Uwerx’s clear vision, you might not want to miss out on the opportunity to be a part of the strongest and most supportive growing community. Click the links below for more details:
This is a sponsored article. 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.
Major analysts predict that VC Spectra (SPCT) could soon become a revolutionary force in the crypto sphere. VC Spectra’s (SPCT) powerful features enabled this hidden gem to raise more than $2.4 million in the private seed sale. Furthermore, its advanced tokenomics will enable Stage 2 investors to obtain as much as 627% gains by the end of the public presale. So, let’s analyze why many crypto enthusiasts believe that VC Spectra is poised to overtake the industry.
VC Spectra (SPCT) Sells Over 50% of its Stage 2 Supply
VC Spectra has currently sold over 63 million tokens, which means that investors have depleted VC Spectra’s total Stage 2 supply by 50.57%. However, the remaining 61.7 million Stage 2 tokens are still available for $0.011, and adopters can expect impressive gains as early as the next presale stage.
The token has built significant momentum on the strength of its groundbreaking features and extraordinary real-life utility. On the other hand, experts point out that VC Spectra (SPCT) has the potential to surpass its current competitors due to the numerous benefits and possibilities of its seamless decentralized protocol.
VC Spectra (SPCT) Users Extract Valuable Rewards by Investing in Promising Crypto Projects
VC Spectra (SPCT) is a community-based decentralized hedge fund that offers the most viable investment opportunities in current blockchain projects and technology startups. VC Spectra (SPCT) users can delve into a wide variety of tokens and niche markets and diversify their portfolios with countless unique options that provide maximum returns while minimizing the risks.
On the other hand, the platform’s rigorous risk assessment and amazing AI trading systems choose the most rewarding projects with unparalleled levels of accuracy and precision. Thus, users can detect recurring trends and make smart investment decisions that bring them substantial rewards in the form of quarterly dividends and buybacks.
Additionally, VC Spectra (SPCT) offers a user-friendly interface and powerful visualization tools that allow holders to remain in complete control over their assets and keep constant track of their portfolios’ performance.
VC Spectra (SPCT) is a BRC-20 standard token that is built on the Bitcoin blockchain and includes a deflationary burn mechanism designed to reduce token circulation over time. Adopters receive several exceptional benefits such as voting rights for future sales and early access to pre-ICO discounts and fresh Web3 projects.
Stage 3 of the public presale will see the token surging to $0.025 from its current low price of $0.011. Hence, Stage 2 investors are looking at 127.27% gains at the next presale stage, as well as astonishing 627% gains when VC Spectra (SPCT) attains the $0.080 presale target and achieves a fantastic 900% surge from the initial price of $0.008.
Still, analysts believe that the returns are bound to get infinitely bigger once SPCT hits exchanges and expands its market reach. Many investors have already embraced the token’s excellent potential for future growth, so don’t hesitate to invest today and receive a remarkable 25% bonus on all deposits!
Disclaimer: This is a paid-for sponsored article. 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.
Dubai, United Arab Emirates, August 9th, 2023, Chainwire
Wallet, the TON-based application in Telegram Messenger, announces the launch of TON Space, a new self-custody wallet, that gives users complete control of their digital assets. In tandem with this upcoming product comes the opening of a waitlist for developers to integrate with TON Space in beta.
By joining the waitlist today, developers will be the first to access TON Space for integration into their apps. With TON Space, developers will be able to build apps with the user interface in Telegram and its seamless blockchain integration with the TON Space wallet. This way, the entire user experience, from onboarding to Web3 and then using the application, would exist within the Telegram app. This provides a comprehensive solution to Web3 builders around the world while addressing the main obstacles of crypto adoption: access to audience and frictionless onboarding. Developers should prepare their apps for the TON Space consumer launch, which is expected to go live by the end of Q3 2023. By this time, the Wallet team is planning to support NFT Collectibles and swapping services.
“The developers’ beta is a critical moment in launching the first self-custodial wallet built into a thriving Web2 platform,” says Jordan Dunne, Head of DeFi at Wallet. “The introduction of TON Space will allow blockchain developers to build Web3 services that feel like the intuitive mobile app experiences users have every day. Easy-to-use and all without ever leaving Telegram, with 800 million users every month, this opens up a staggering growth opportunity for builders.”
“The launch of TON Space is a significant milestone that establishes a new infrastructure layer for the TON ecosystem,” says Justin Hyun, Director of Growth at TON Foundation. “The power to build decentralized applications and bots fully integrated inside of Telegram cannot be underestimated. These services, and their users, will now enjoy the infinite possibilities that come with the power to store, manage, and trade assets within Telegram.”
The self-custodial wallet, TON Space, is the most eagerly requested feature by users who wish to have the full capability of the TON blockchain right within Telegram. One of the unique benefits of TON Space is that users will be able to connect their self-custodial wallet to apps built on Telegram, all contained within one ecosystem.
Developers and enthusiasts seeking to integrate Wallet features into their apps are invited to apply for the beta today: wallet.tg/ton.
About Wallet
Wallet is the definitive user-friendly platform for managing digital finances efficiently. An independent team of Web3 developers has harnessed the power of The Open Network (TON) Blockchain’s technology to create Wallet, delivering a streamlined onboarding experience and gateway to Telegram Messenger app – used by 800 million people globally, every month. 2.5M+ Wallet users can effortlessly store, send, and receive digital currencies, all on a single autonomous platform within the familiar interface of Telegram Messenger. Managing crypto assets is now as simple as sending a text message.
At Wallet, we’re committed to providing our customers with more flexible and inclusive access to digital assets management. Whether you’re a crypto novice or seeking to simplify your crypto experience, Wallet is crafted with your needs in mind.
About The Open Network (TON)
The Open Network is the blockchain system built for opportunity; originally developed by the messaging platform, Telegram Messenger. Designed to power millions of transactions per second near-instantly, TON is built enterprise-ready for the onboarding of billions of users with low fees and easy-to-use apps natively built in Telegram. Today, the TON blockchain’s architecture is supported by the TON Foundation to operate various programs including peer-to-peer, distributed storage, service hosting technologies, and more. To learn more, visit: ton.org.
Contact
Ryan Dennis TON Foundation Press@ton.org +1 (914) 309-5774
Venom Foundation, a leader in blockchain technology adoption in regulated markets, is thrilled to announce the signing of a momentous Memorandum of Understanding (MOU) with the UAE Government to develop and implement the National Carbon Credit System. This landmark partnership represents a significant step towards leveraging blockchain technology to address environmental challenges and promote sustainability on a national scale.
This revolutionary collaboration underscores the UAE’s unwavering commitment to bolstering transparency, reliability, and efficiency in carbon emission management, while using the next generation blockchain technology of Venom and in doing so, propelling the nation towards its ambitious climate targets of 40% reduction in carbon emissions by 2030. The Venom blockchain itself is carbon neutral.
The Memorandum of Understanding (MoU) signed between the Ministry of Climate Change and Environment (MCCE), the Industrial Innovation Group, and Venom Foundation outlines four strategic objectives: reducing emissions, promoting sustainable agriculture, enhancing environmental health, and conserving biodiversity. As part of this partnership, Venom will be actively participating in realizing a greener future.
Taryam Matar Taryam, CEO of Industrial Innovation Group, affirmed their dedication to sustainable development, “For Industrial Innovation Group, it is a great honor to contribute to the creation of the United Arab Emirates’ first National Carbon Credit Registry System together with Venom. Industrial Innovation Group steadfastly adheres to sustainable development goals and endeavors to reduce environmental impact, including through decarbonization, as global climate change is closely linked to the increasing concentration of CO2 in the atmosphere. With over 30 years of experience, Industrial Innovation Group has a long history of creating large-scale national registries related to identification processes and excels in developing sustainable pathways for various business sectors, conceptualizing carbon removal initiatives, generating project documentation for different carbon credit registries, and effectively managing, monitoring, and reporting on carbon utilization projects.”
Peter Knez, Chair of the Foundation Council at Venom Foundation, commented, “We are honored and excited to join hands with the UAE Government to build the National Carbon Credit System. At Venom, we believe that blockchain technology has the potential to drive real-world impact, and this initiative perfectly embodies that vision. Together, we are committed to creating a sustainable future and pioneering solutions that positively influence the global climate.”
Venom’s success is driven by its groundbreaking technology, strict regulatory compliance, and a scalable and secure platform that serves a wide range of use cases.
As the MOU between Venom and the UAE Government comes into effect, both entities eagerly anticipate the successful launch and implementation of the National Carbon Credit System. This historic partnership exemplifies the potential of blockchain technology in advancing environmental initiatives and reinforces the commitment to building a more sustainable and eco-friendly future.
About Venom Foundation:
Venom Foundation, operating as a decentralized network licensed by the Abu Dhabi Global Market (ADGM), is at the forefront of driving the advancement of global Web3 projects. As the world’s first compliant blockchain, Venom provides a secure environment for investors and financial services firms, offering the freedom to build, innovate, and expand. Under the jurisdiction of the ADGM, Venom serves as a trusted platform for authorities and enterprises, ensuring compliance with regulatory requirements.
To enhance its capabilities, Venom has developed a range of in-house decentralized applications (dApps) and protocols on its blockchain. With features such as dynamic sharding, low fees, high-speed transactions, and scalability, Venom has the potential to serve as the foundational infrastructure for a thriving global ecosystem of Web3 applications. Its exceptional transaction speeds and limitless scalability enable it to meet the evolving needs of a rapidly growing user base.
The Blockchain technologies fair will be held in Istanbul for the first time at the Istanbul Fair Center from July 4-7, 2024. All stakeholders in the sector will meet in Istanbul for the first time at this fair. The “Blockchain Expo World” will host all stakeholders in the Metaverse, Cryptocurrency, NFT, WEB 3.0, Web 2, Mining, DAO, DeFi, GameFi fields, and will also host world-renowned names in the field.
The Blockchain Technology Sector is Rapidly Developing in Turkey
The cryptocurrency developments that have swept the world have created thousands of new trading areas and dozens of brands in Turkey. In this context, Turkey has adapted to this change at the speed of light and ranked 4th in the world and 1st in Europe in terms of cryptocurrency exchange volume. “Blockchain Expo World” fair will bring together all national and international brands that serve in this field.
The First Blockchain Expo and Conference in the Metaverse
“Blockchain Expo World” will simultaneously take place in the Metaverse, making it a world first. With the concept of “one fair, two different worlds”, the fair will be opened to visitors who want to participate in the fair digitally in a Metaverse universe. In this regard, “Blockchain Expo World” will make a first in the world and Turkey. Visitors from all over the world can visit the fair in the Metaverse universe virtually.
Start-Ups Can Easily Promote Their Projects
“Blockchain Expo World” is not only for large companies, but also for start-ups. The fair offers a variety of packages to suit all budgets, so that everyone can participate. This way, start-ups can easily promote their projects.
NFT Listing $20
A special NFT exhibition area will be set up with 1800 NFT pieces on display. NFT artists will have the opportunity to promote their work for just $20.
Another exciting event at the fair will be the Trading, Hackathon and Ideathon competitions. These three separate competitions will be a platform to reward the most talented minds and the most creative ideas in the blockchain technology and cryptocurrency world.
Together with these competitions, these events that will take place for 4 days at the fair will contribute to the growth of the blockchain ecosystem while also revealing the potential of young talents.
Blockchain Expo World to be Held at Istanbul Fair Center
The Istanbul Fair Center (IFC) will host the Blockchain Expo World, which will be held in two halls in a total area of 12,107 square meters. The fair will bring together participants from all over the world, including cryptocurrency exchanges, cryptocurrency and blockchain solution providers, metaverse technology development companies, cryptocurrency mining companies, software companies that develop games with technology, fan token infrastructure providers, traditional financial companies, web 3.0, web 2, software developers, NFT marketplaces and collectors.
Stand and Sponsorship Applications Started
Applications for the “Blockchain Expo World” have started. Don’t miss your chance to reserve your place. For more information, please visit www.blockchainexpoworld.com.
