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  • Spheroid to Launch AI Avatars in Augmented Reality

    Spheroid to Launch AI Avatars in Augmented Reality

    Dubai, UAE, April 6th, 2023, Chainwire

    Spheroid Universe, a futuristic Metaverse that augments the real world in every part of the Earth, has announced the upcoming launch of artificial intelligence (AI) Avatars that will inhabit the world around us via augmented reality (AR). This ground-breaking development will deliver breakthrough opportunities across numerous business platforms – from e-commerce and retail to advertising, sales, general customer, and consumer interactions and more.

    As a frontrunner in the field of Web 3.0 technology and particularly in the Metaverse, Spheroid develops tools for business that explore the potential of AR tech. The company aims to help businesses become leaders as early adopters of cutting-edge technological advances – such as the new AI Avatars that will be available shortly.

    “The accessibility and practically unlimited potential of AI Avatars that exist within an AR world will encourage faster uptake of the latest AI and Web 3.0 technologies amongst businesses,” explained Andrey Almiashev, CEO, Spheroid Universe. “There is an immense opportunity for our new AI Avatars to be deployed in customer-facing scenarios, such as in sales offices or retail environments. They will create a unique and lasting customer experience, helping brands to reposition themselves as early adopters and forward-thinking with an eye on how technology is reshaping our future. We have developed our AI Avatar product to the highest specifications, even integrating the increasingly popular ChatGPT platform to enhance communication and interactions with humans. This is an exciting time for AI and AR, as we see the boundaries between reality and technology blur even further.”

    By integrating AI chatbot ChatGPT into its Avatars, Spheroid is ensuring the smoothest possible interactions with people at all times. The Avatars also incorporate voice recognition and voice synthesis technologies, which will make communication quick, habitual, and convenient for users.

    Spheroid’s AI Avatars are not only intelligent, but able to be designed to take on any visual appearance without the limitations of the physical world. They can be created as unique characters that truly represent their brands, from both a visual and interactive perspective – including how they communicate with customers. This leads to a product that is incredibly flexible, with almost unlimited usage across commercial, entertainment, and educational applications, amongst others.

    According to Andrey Almiashev: “The combination of AI and AR technologies will redefine the way that businesses communicate with their customers over the course of the next five years. We’re living in a very interesting time, during which we will be able to see for ourselves the impact that AI and AR will have on human civilisation – and we are more than happy to help businesses explore the expansive potential that will come from this.”

    Spheroid is also planning to integrate their AI Avatars into Apple’s Smart Glasses for an even more immersive experience, which is expected to be released by Apple later this year.

    About Spheroid

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

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

    Contact

    Head Of PR
    Yousef Batter
    White Label Strategy
    yousef.batter@whitelabelstrategy.io
    +971559356531

  • OKX Liquid Marketplace Records Over USD1 Billion in Institutional Trading Volume in 2023

    OKX Liquid Marketplace Records Over USD1 Billion in Institutional Trading Volume in 2023

    Victoria, Seychelles, April 6th, 2023, Chainwire

    • On-demand institutional liquidity network offers futures spreads, options strategies and spot OTC
    • Rapid growth underpins OKX’s emphasis on product development specifically for institutional clients

    OKX, the second-largest crypto exchange by trading volume and a leading Web3 technology company, today announced that its Liquid Marketplace, an on-demand liquidity network tailored for institutional traders, exceeded USD1 billion in trading volume in 2023.

    The on-demand OKX Liquid Marketplace provides access to deep institutional liquidity and provides access to a number of crypto trading strategies, including futures spreads, large options block trades or spot OTC, to run at scale. One-click atomic execution of both legs allows traders to easily execute efficient and low-risk spread trading to farm funding rates, generate yield via cash-and-carry trades, and roll expiring futures hedges.

    Lennix Lai, Managing Director of Global Institutional at OKX, said: “Institutional clients demand liquidity, superior fee structures, and streamlined execution of advanced trading strategies. We’ve designed our Liquid Marketplace to hit this sweet spot, and the market is responding. Our aim is to become the go-to venue for institutional traders by listening to their needs and leveraging our technical expertise, creativity and product design to build the best platform for their needs.”

    OKX Liquid Marketplace overhauls the traditional RFQ process by automating workflows, offering an integrated position builder and enabling anonymous RFQs with two-way quotes. Users can construct custom multi-leg strategies and request quotes on futures spreads and basis trades with the click of a button. The platform also offers leading security underpinned by end-to-end connectivity with OKX’s risk management and settlement system.

    The growth of the OKX Liquid Marketplace has occurred against the backdrop of OKX’s global expansion, which has seen it reach 50 million global users. 

    Find out more about OKX Liquid Marketplace here. 

    About OKX

    OKX is the second biggest global crypto exchange by trading volume and a leading web3 ecosystem. Trusted by more than 50 million global users, OKX is known for being the fastest and most reliable crypto trading app for investors and professional traders everywhere.

    As a top partner of English Premier League champions Manchester City FC, McLaren Formula 1, golfer Ian Poulter, Olympian Scotty James, and F1 driver Daniel Ricciardo, OKX aims to supercharge the fan experience with new engagement opportunities. OKX is also the top partner of the Tribeca Festival as part of an initiative to bring more creators into web3.

    Beyond OKX’s exchange, the OKX Wallet is the platform’s latest offering for people looking to explore the world of NFTs and the metaverse while trading GameFi and DeFi tokens.

    To learn more about OKX, download our app or visit: okx.com

    Disclaimer 

    This announcement is provided for informational purposes only. It is not intended to provide any investment, tax, or legal advice, nor should it be considered an offer to purchase, sell, or hold digital assets. Digital assets, including stablecoins, involve a high degree of risk, can fluctuate greatly, and can even become worthless. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances.

    Contact

    Media
    OKX
    media@okx.com

  • HeartX Unveils Token Airdrop Game “Vote-to-Earn” to Warm Up the Launch of the Platform

    HeartX Unveils Token Airdrop Game “Vote-to-Earn” to Warm Up the Launch of the Platform

    Central, Singapore, April 6th, 2023, Chainwire

    HeartX, a Web3.0 art trading marketplace and community platform, is set to change the game for the art market. The team just announced their pre-launch Vote-to-Earn Game is live now. This new experience allows users to earn tokens ($HNX) through voting on artwork pieces by swiping right or left as Like and Next, giving them a chance to engage with the core feature of the platform in advance and get rewarded for showing their preferences on the arts.

    The immersive Vote-to-Earn game is a clear demonstration of the platform’s user-centric design, letting people experience the X-to-Earn model in an easier way. By leveraging blockchain technology, HeartX is creating a platform that is more user-friendly, transparent, and entertaining than anything that has come before. Through the Vote-to-Earn system, HeartX is committed to redefining the value of arts by the community consensus with the heart.

    “We’re all excited about it! All users can earn tokens by ‘swiping’ to vote,” said HeartX founder Anson. “We believe that it’s important to make it more engaging for people and reward them for being part of our community. And through the forming of the community consensus, we would establish a new valuation standard for the artwork pieces.”

    It is simple to play the game: users can earn tokens by voting on the daily artwork pieces on the event website, no log-in or registration is needed, users can just swipe/click right for like, or left to show the next one. The rewarding tokens $HNX can be used in various scenarios once the marketplace is launched, including investing in your preferred artwork pieces to boost them, and accessing premium features.

    The HeartX team also announced that during the “Vote-to-Earn” campaign, users who have accumulated more voting works that reached a consensus on community aesthetic views would have the opportunity to participate in the beta testing experience when the HeartX App is launched.

    Gathering influencers in not only Web3 but also the digital art space, the Vote-to-Earn game is just one example of the many innovative features that the HeartX team has planned for its users. HeartX’s vision for the future of digital art goes beyond being an online marketplace. The team is working to create a marketplace that leverages the power of blockchain technology and provides a binding community for its users. Another current update is that the HeartX token “$HNX” is now available on Uniswap, and it can also be acquired from other decentralized exchanges in a short time. According to the HeartX team, the project is moving forward, and the team believes that more people will join and form a large community, eager to be part of the next big thing in Web3.0.

    The Vote-to-Earn game is now live, and the team invites users to participate in the voting activities and join the community. The team is confident that this new experience will bring brand new joy and will help to drive engagement and participation in the Web3.0 art community they are building. Users can now join the game, show their taste and support, and earn tokens at https://heartx.art/event/index.html#/.

    Follow HeartX on Discord | Twitter | Website

    Contact

    Team HeartX
    service@heartx.art

  • With Ledger’s ‘Safe Journey’ Promotion, Buyers of Nano X and Nano S Plus Wallets Can Get Up to $30 in Free BTC

    With Ledger’s ‘Safe Journey’ Promotion, Buyers of Nano X and Nano S Plus Wallets Can Get Up to $30 in Free BTC

    With Ledger's 'Safe Journey' Promotion, Buyers of Nano X and Nano S Plus Wallets Can Get Up to $30 in Free BTC

    Key Highlights:

    • Ledger is offering a promotion called “Safe Journey” which gives buyers of their Nano X and Nano S Plus wallets the opportunity to receive up to $30 worth of Bitcoin for free
    • During the promotion period, every new device purchased will include a Bitcoin voucher and a QR code that provides instructions on how to redeem the BTC reward
    • To claim the Bitcoin reward, customers must do so within a year from the date of purchase, as the offer expires after that period

    ‘Safe Journey’ promotion will only be available until April 18th

    Ledger, the leading manufacturer of cryptocurrency hardware wallets, is known for its high-quality and secure products. Their Nano X and Nano S Plus devices are no exception, and they are considered among the best crypto hardware wallets on the market. Both wallets offer a great blend of security, quality, and price, making them an ideal choice for crypto users who want to securely store and manage their digital assets.

    The Nano X is Ledger’s top-of-the-line wallet and boasts several advanced features, such as Bluetooth connectivity and a larger screen, which makes it easier to manage transactions on the go. It is also capable of storing up to 100 different cryptocurrencies, making it a versatile wallet for investors with diverse portfolios.

    Get $30 Free Bitcoin
    Ledger Nano X and Nano S Plus devices will ship with Bitcoin vouchers worth up to $30 until April 18th.

    On the other hand, the Nano S Plus is a successor to the highly popular Nano S wallet and is an upgraded version with more storage capacity and better processing power. It is a more affordable option compared to the Nano X but still offers high levels of security and convenience.

    Both wallets are compatible with external accessories, such as metal wallets for secure seed phrase storage, which can provide an extra layer of protection against hacking and theft. This, combined with Ledger’s reputation for creating robust and secure hardware wallets, makes the Nano X and Nano S Plus an all-around solution for securely storing and managing crypto.

    The “Safe Journey” promotion is a great opportunity for crypto users who are looking to buy a hardware wallet to take advantage of. By purchasing a Nano X or Nano S Plus device during the promotion, buyers can receive up to $30 worth of Bitcoin for free, which can be a significant boost to their crypto portfolio. The promotion will run until April 18th, 2023, so interested buyers should act quickly to take advantage of this offer.

    Buy Ledger & Get $30 Bitcoin
  • OKX and Google Cloud Host Successful Hackathon for Decentralized Applications on OKT Chain

    OKX and Google Cloud Host Successful Hackathon for Decentralized Applications on OKT Chain

    VICTORIA, SEYCHELLES, April 5th, 2023, Chainwire

    OKX, the second largest crypto exchange by trading volume and a leading Web3 technology company, has teamed up with Google Cloud to host the OKX Hackathon to drive growth and innovation of the blockchain ecosystem. The three-day event, held in Silicon Valley, aimed to encourage developers to build decentralized applications on OKT Chain, a leading layer 1 blockchain built on Cosmos.

    Over 200 attendees joined the hackathon, forming 46 teams and submitting 32 projects that showcased the potential of decentralized, blockchain-based applications to transform various industries.

    The OKX Hackathon also aimed to build awareness of OKT Chain’s technology and infrastructure among the wider blockchain community. By bringing together like-minded individuals with a shared interest in blockchain technology, the event helped to foster a vibrant and engaged community of developers that can promote the growth of the OKT Chain ecosystem.

    Meet the Winners

    The top five projects were awarded prizes based on their innovation, utility, and potential to positively change the industry. The winning teams were as follows:

    Lite OKX bridge

    For many game and NFT users, a single purchase rarely exceeds $25. Existing bridges are focused on large payments, which makes them redundant in terms of security and with a high entry threshold (from $30-50). This project proposed technical solutions for bridging small payments, and aims to lower the entry threshold for those who want to explore the OKT Chain ecosystem.

    Thanks to the Lite OKX bridge, users will be able to transfer $2-5 from USDT on Polygon to OKTC in 1-2 minutes without commissions. This will allow them to access all projects on OKTC in one click. Thanks to the SDK, sites will be able to natively support this bridge and the user won’t have to leave the site.

    Hexlink

    The Hexlink platform offers a significant benefit by eliminating the need for users to set up a wallet before receiving tokens. Hexlink makes OKT Chain more user-friendly and accessible as it eliminates a barrier to entry for potential users who may not be familiar with the process of setting up a wallet. It also provides greater flexibility and convenience for users who can set up their accounts and wallets at a later time, when it is more convenient for them. This approach encourages more individuals to participate in activities on OKT Chain, thus driving the user adoption of the chain.

    OKX Guardian

    OKX Guardian was inspired by the need for a more secure and transparent way of managing a person’s digital assets after their passing. While some may opt for a lawyer to handle their will and distribute their crypto assets, there are inherent risks in entrusting private keys to a third party. In the event of a security breach, the private keys could be compromised, putting the entire estate at risk. OKX Guardian proposed a decentralized and trustless solution, ensuring that the wishes of the deceased are executed without any reliance on a single individual or institution.

    Web3 Ads

    A lack of transparency in the advertising marketplace due to intermediaries increases costs for both advertisers and publishers and leads to inefficiencies, distrust, and potential ad fraud. This project proposed smart contracts to make it possible for advertisers and publishers to use OKT Chain to buy and sell directly without intermediaries.

    Petreat

    Every year, 6.5 million dogs, cats, and other former pets are abandoned or lost and enter shelters. Of all these animals, only 3.2 million are adopted, and many see shelters again after less than a year of finding a new home. In order to provide suitable conditions for animals, shelters need regular donations.

    Petreat collects donations from supporters and sends this amount to shelters in need. The project was developed with the belief that a reward system is also crucial to motivate and thank donors for their support. Petreat added a NFT reward system so that supporters receive a unique NFT in return for doing a good deed. 

    Top teams at the Hackathon received OKX tokens, Google Cloud credits, and other rewards. Senior executives from OKX and Google Cloud praised the participants for their hard work and innovation and encouraged them to continue exploring the possibilities of decentralized applications on the OKT Chain.

    OKX and Google Cloud’s partnership in organizing the hackathon underscores their commitment to fostering innovation and creating a more decentralized future.

    About OKX

    OKX is the second largest global crypto exchange by trading volume and a leading Web3 ecosystem. Trusted by more than 50 million global users, OKX is known for being the fastest and most reliable crypto trading app for investors and professional traders everywhere.

    OKX’s leading self-custody solutions include the Web3-compatible OKX Wallet, which allows users greater control of their assets while expanding access to DEXs, NFT marketplaces, DeFi, GameFi and thousands of dApps.

    OKX partners with a number of the world’s top brands and athletes, including: English Premier League champions Manchester City F.C., McLaren Formula 1, The Tribeca Festival, golfer Ian Poulter, Olympian Scotty James, and F1 driver Daniel Ricciardo.

    OKX is committed to transparency and security and publishes its Proof of Reserves on a monthly basis.

    To learn more about OKX, visit: okx.com

    About OKT Chain

    OKT Chain is an EVM- and IBC-compatible L1 built on Cosmos with a focus on true interoperability and maximized performance. At high scalability, developers can build and scale with low gas fees. The OKT Chain ecosystem and infrastructure, including the all-in-one multi-chain Web3 interface, enables a seamless experience for both developers and users.

    About Google Cloud

    Google Cloud supports customers’ needs in building, transacting, storing value, and deploying new products on blockchain-based platforms. Customers choose Google Cloud to build on the industry’s cleanest cloud, to develop on Google’s world-class developer platform, and to ensure that data, applications, games, or digital assets like NFTs will be delivered on a stable, secure and trusted global network.

    Contact

    OKX
    media@okx.com

  • Stablecoins: The Key to Cryptocurrency’s Future Stability

    Stablecoins: The Key to Cryptocurrency’s Future Stability

    Cryptocurrencies have garnered significant attention since the inception of Bitcoin in 2009. The market has since evolved, with the development of various digital assets, each with its unique features and use cases. One such advancement is the introduction of stablecoins, which have garnered substantial interest due to their stability and potential applications in the world of finance. This article explores the role of stablecoins in the future of cryptocurrency, their benefits, and the potential they hold for transforming the financial landscape.

    What Are Stablecoins?

    Stablecoins are a type of digital currency that aims to maintain a stable value, typically pegged to a reserve of assets such as fiat currency, commodities, or other cryptocurrencies. These assets serve as collateral, ensuring that the value of the stablecoin remains relatively constant despite the often-volatile nature of cryptocurrencies. There are several types of stablecoins, such as:

    Fiat-backed Stablecoins

    These stablecoins are backed by a reserve of fiat currency, like the US Dollar or Euro, and are typically issued by a centralized entity. The most well-known example is Tether (USDT), which is pegged to the US Dollar.

    Commodity-backed Stablecoins

    Commodity-backed stablecoins are pegged to the value of commodities like gold or oil. An example is PAX Gold (PAXG), which represents ownership of one fine troy ounce of gold.

    Crypto-backed Stablecoins

    These stablecoins are collateralized by other cryptocurrencies, such as Ether. Examples include MakerDAO’s DAI and Synthetix’s sUSD.

    Algorithmic Stablecoins

    Algorithmic stablecoins use smart contracts and algorithms to maintain their value without the need for collateral. They adjust the supply of the stablecoin to maintain its peg, such as Ampleforth (AMPL) and TerraUSD (UST).

    Investing in Stablecoins

    In a market filled with various cryptocurrencies, many investors wonder about the best cryptocurrencies to invest in. While stablecoins may not provide the same potential returns as more volatile digital assets, they can be a valuable addition to an investment portfolio, particularly for risk-averse investors.

    Diversification

    Including stablecoins in an investment portfolio can help diversify one’s holdings, reducing overall risk. As stablecoins are less correlated with the broader cryptocurrency market, they can act as a hedge against the volatility of other digital assets.

    Yield Generation

    Investors can also generate passive income by holding stablecoins in interest-bearing accounts or participating in DeFi lending and yield farming platforms. While returns may vary depending on the platform and market conditions, these opportunities can provide an additional revenue stream.

    Risk Management

    Stablecoins can be used as a safe haven during times of market uncertainty, allowing investors to protect their investments by moving funds into a more stable asset. This strategy can help minimize losses during market downturns.

    Long-term Potential

    As the adoption of stablecoins continues to grow, their long-term potential as an investment cannot be ignored. As more use cases emerge and as the global financial system increasingly embraces digital assets, stablecoins may become an essential part of the financial landscape, offering investors a unique opportunity to participate in this growing market.

    Benefits of Stablecoins

    Stablecoins offer several advantages over traditional cryptocurrencies, making them attractive for various use cases:

    Price Stability

    The primary benefit of stablecoins is their stability, which makes them suitable for everyday transactions and as a store of value. Unlike traditional cryptocurrencies, whose values can fluctuate dramatically, stablecoins maintain a relatively constant value.

    Reduced Transaction Costs

    Stablecoins enable cost-efficient cross-border transactions and remittances, as they eliminate the need for intermediaries and reduce transaction fees.

    Improved Liquidity

    Stablecoins provide liquidity in the cryptocurrency market, as they can act as a bridge between fiat currencies and other digital assets.

    Decentralized Finance (DeFi) Applications

    Many stablecoins are essential components of the DeFi ecosystem, as they facilitate lending, borrowing, and yield farming.

    Financial Inclusion

    Stablecoins can also play a role in promoting financial inclusion by providing access to financial services for unbanked and underbanked populations, particularly in developing countries. By leveraging stablecoins, individuals and businesses can access affordable financial services and participate in the global economy without the need for traditional banking infrastructure.

    The Future of Stablecoins

    As the adoption of cryptocurrencies continues to grow, stablecoins are poised to play an increasingly critical role in the digital asset landscape.

    Central Bank Digital Currencies (CBDCs)

    Central banks worldwide are exploring the development of their digital currencies, often referred to as CBDCs. Some of these CBDCs may adopt features similar to stablecoins, potentially leading to widespread adoption of stablecoin-like assets.

    Expanded Use Cases

    Stablecoins are likely to find new use cases, such as programmable money or smart contracts, and as collateral for various financial products. As the cryptocurrency market matures, stablecoins may even be used for more advanced financial applications, like hedging against market risks.

    Regulatory Developments

    The regulatory environment surrounding stablecoins is still in its early stages. As governments and regulators gain a better understanding of stablecoins and their potential impact on the financial system, it is likely that new regulations will be introduced to ensure the stability and security of these digital assets. This could further legitimize stablecoins and drive their adoption.

    Integration with Traditional Finance

    As stablecoins gain mainstream acceptance, we can expect to see greater integration with traditional financial systems. This may include the use of stablecoins for settling transactions, as well as their incorporation into traditional financial products, such as exchange-traded funds (ETFs) and index funds.

    The Expanding Role of Stablecoins and their Impact on the Financial Ecosystem

    Stablecoins have come a long way since their inception and are becoming an increasingly important component of the cryptocurrency landscape. With their numerous benefits and growing adoption, stablecoins are poised to shape the future of digital assets, facilitating more accessible, efficient, and secure financial transactions.

    As the market continues to evolve, stablecoins will likely play a crucial role in the broader adoption of cryptocurrencies and the development of the DeFi ecosystem. They have the potential to revolutionize the way people conduct financial transactions, offering a level of stability and security that is not present in many traditional cryptocurrencies. This stability, combined with the decentralized nature of blockchain technology, allows for a more transparent and equitable financial system.

    Moreover, stablecoins can help bridge the gap between traditional finance and the world of digital assets, acting as a catalyst for the integration of blockchain technology into existing financial systems. With their growing adoption, we may see a future where stablecoins serve as the foundation for new financial products and services, further blurring the lines between the traditional and digital realms.

    Additionally, stablecoins could play a critical role in promoting financial inclusion, especially in developing countries where access to financial services is limited. By providing a stable and accessible means of storing and transferring value, stablecoins can empower individuals and businesses to participate in the global economy, fostering economic growth and reducing poverty.

    In summary, the expanding role of stablecoins in the cryptocurrency landscape cannot be overstated. 

    As their adoption continues to grow, stablecoins have the potential to transform the financial landscape, paving the way for a more inclusive, efficient, and secure global financial system. Investors who understand the potential of stablecoins and their various use cases stand to benefit from the opportunities these digital assets present. By embracing stablecoins and the transformative changes they bring, we can look forward to a future where digital assets play an increasingly prominent role in the global economy.

  • dexFreight Receives USPTO Patent, Introduces Real-World Asset-Collateralized NFTs on Rootstock DeFi Ecosystem

    dexFreight Receives USPTO Patent, Introduces Real-World Asset-Collateralized NFTs on Rootstock DeFi Ecosystem

    supply chain

    Key Highlights:

    • dexFreight revealed new milestones as it has been granted a patent set to bring real-world asset-collateralized NFTs to the Rootstock DeFi ecosystem.
    • dexFreight to incorporate deFi protocols with real-world collateral via Rootstock

    Following an incredible development for the logistics industry, dexFreight, a logistics market network powered by smart contracts and FinTech has been granted a USPTO patent. According to an official announcement today, the development is claimed to be accountable to its revolutionary method of managing supply chain factoring using shared state storage in a distributed ledger. 

    The FinTech-enabled logistics market network leverages the power of smart contracts to offer an innovative solution that promises to streamline the entire process of supply chain management. This groundbreaking development tends to provide dexFreight with exclusive potential to revolutionize the way businesses involved in the production and distribution of goods approach supply chain management. By providing a more efficient and cost-effective way of managing supply chain factoring, dexFreight’s technology promises to make the entire process faster and more streamlined.

    According to the announcement, the USPTO patent, Patent No.: US 11615375 B2, was granted on March 28th, 2023. While the plan is to eventually make this technology open source, the patent will provide protection against baseless claims from patent trolls that could hinder adoption and reassure large logistics organizations that are interested in testing this new technology.

    dexFreight incorporates DeFi Protocols With Real World Collateral

    In an endeavor to help trucking companies access liquidity and fill short-term financing gaps, dexFreight teamed up with Centrifuge and MakerDAO to create NFTs from freight invoices. This innovative approach involved utilizing these NFTs as collateral. The idea came to fruition after dexFreight accomplished the first truckload transaction with smart contracts on Rootstock in October 2018. Following a successful pilot, dexFreight collaborated with Rootstock DeFi ecosystem protocols such as Money on Chain and Sovryn to file a patent application with the US patent office, which has now been granted.

    Apparently, the new development has seen dexFreight igniting a connection between DeFi protocols and real-world collateral which has literally given birth to a new asset class that possesses attributes that attract large institutional investors. It is believed that the development has the potential to drive widespread adoption and revolutionize global commerce. Through this advancement, DeFi liquidity providers can generate stable yields from real-world transactions. At the same time, the Rootstock ecosystem stands to benefit from the infusion of billions of dollars in real-world collateral.

    Nonetheless, with the patent now secured, the stage is set for dexFreight to forge ahead with its ambitious plans for the future. As an open-source platform, the company hopes to encourage widespread adoption of its technology and promote innovation throughout the logistics industry.

    According to Rajat Rajbhandari, who serves as the CIO/CTO and co-founder of dexFreight, the newly granted patent presents a thrilling prospect to introduce DeFi to the global supply chain industry. dexFreight seeks to utilize the patent to facilitate affordable access to liquidity for small and medium-sized trucking companies in both domestic and international markets. In the trucking industry, drivers often encounter delays of 30-45 days before receiving payment for delivering a load. 

    Notably, there is high optimism that dexFreight’s innovative solution is poised to usher in a new era of transactions in the supply chain industry that are more economical, quicker, and can be easily audited and traced.

  • OKX Wallet is First in Web3 to Utilize Leading-Edge MPC Technology Together With Support of 37 Blockchains

    OKX Wallet is First in Web3 to Utilize Leading-Edge MPC Technology Together With Support of 37 Blockchains

    Victoria, Seychelles, April 4th, 2023, Chainwire

    • Wallet upgrade also includes first-of-its-kind independent ‘Emergency Escape’ 2/3 asset recovery feature

    OKX, the second-largest crypto exchange by trading volume and a leading Web3 technology company, today upgraded its OKX Wallet to become the first Web3 wallet to utilize leading-edge multi-party computation (MPC) technology in combination with its support of an industry-best 37 blockchains.

    In addition, the wallet upgrade also includes a first-of-its-kind asset recovery feature, called independent ‘Emergency Escape.’ The independent Emergency Escape feature is unique in the market because it allows users to recover access to their assets without the involvement of OKX. To recover access in an emergency situation, users will need two of three (a.k.a. 2/3) access credentials: a device, a cloud backup, or an OKX account login.

    MPC technology eliminates the need for traditional written down keys and seed phrases by splitting a user’s private key into three parts, greatly improving security and eliminating a single point of failure. The upgrade adds to the existing features of the leading OKX Wallet, which is a decentralized, multi-chain wallet that allows users to take custody of their own crypto, trade NFTs, access DeFi protocols, and explore thousands of DApps.

    OKX Chief Marketing Officer Haider Rafique said: “This milestone signifies the beginning of a future where crypto wallets are more accessible, interoperable, and ubiquitous while being safe and secure. Those accustomed to the fast-paced, decentralized Web3 world often must choose between agility and security when it comes to the wallet experience. OKX Wallet, now upgraded with MPC technology, gives users the best of both. OKX hopes to accelerate the growth of Web3 and spur mainstream adoption by delivering user-friendly experiences that keep users and their assets safe.”

    OKX Head of Web3 Product Nate Zou said: “The philosophy of Web3 centers around self-custody, which empowers individuals to take control of their financial future. However, removing intermediaries from the equation also means assuming greater responsibility for securing one’s on-chain property, including digital artwork and crypto. Our overarching goal is to democratize access to Web3, enabling everyone to leverage the potential of crypto. By utilizing MPC technology in the OKX Wallet, we have made it even simpler for users to protect their assets and participate in the Web3 economy of the future.”

    Discover more about OKX Wallet here.

    About OKX 

    OKX is a world-leading technology company building the future of Web3. Known as one of the fastest and most reliable crypto trading platforms for investors and professional traders everywhere, OKX’s crypto exchange is the second largest globally by trading volume and is trusted by more than 50 million users.

    OKX’s leading self-custody solutions include the Web3-compatible OKX Wallet, which allows users greater control of their assets while expanding access to DEXs, NFT marketplaces, DeFi, GameFi and thousands of dApps.

    OKX partners with a number of the world’s top brands and athletes, including: English Premier League champions Manchester City F.C., McLaren Formula 1, The Tribeca Festival, golfer Ian Poulter, Olympian Scotty James, and F1 driver Daniel Ricciardo.

    OKX is committed to transparency and security and publishes its Proof of Reserves on a monthly basis.

    To learn more about OKX, download our app or visit: okx.com

    Contact

    Media
    media@okx.com

  • Italian iGaming Market Paves the Way for Sustainable Growth and Innovation

    Italian iGaming Market Paves the Way for Sustainable Growth and Innovation

    Italy’s online gaming market has gained a reputation for balancing stability with innovation and entertainment, attracting long-term investors and sustainable player streams.With an established iGaming market that has been legalised since 2006, Italy is a safe bet for those looking for stable business growth.

    Lottomatica, Snitech, Sisal, and SKS365 are some of the established operators in the market that have become household names on the international stage. Their innovative player experiences have paved the way for much of iGaming in Europe, attracting companies such as Push Gaming and Hacksaw Gaming, who have recently expanded their presence in the country through strategic local partnerships with the likes of Sky Betting & Gaming (Sky Bet) and 888.it, respectively.

    As numerous countries in Europe struggle with new regulatory developments, Italy remains a stable yet exciting, dynamic market for iGaming. The Italian authorities are currently reviewing the current regulations around operator licenses, with current license holders being given an extension until a final regulation is drafted. These regulatory changes are set to crack down on illegal operators while ensuring that iGaming taxes remain fair for all parties, propelling this dynamic market even further.

    Market stability has also given operators and suppliers room to experiment with new iGaming technologies, with Italy forecasted to be one of the first markets to fully embrace metaverse and virtual/augmented reality integration, as well as cryptocurrency payments. Artificial Intelligence has also become a hot topic in Italian iGaming. The power of machine learning to offer tailored player experiences and improve methods for problem gambling identification indicates further sustainable growth in this market for years to come.

    In light of the market’s rapid growth and development, iGaming operators, providers, and investors need to stay up-to-date with the latest trends and innovations entering the market. The Online Casino Summit 2023 caters to those looking to enter and expand in Italy, providing cutting-edge insights into regulatory developments from the likes of Giulio Coraggio, Valérie Peano, and Stefano Sbordoni.

    The event will also feature Dustin Plantholt, the Count of Monte Crypto, who will guide Daniele Tagliarini and Prof. Konstantina Papathanasiou in discussing the feasibility of crypto payments in the market, as well as the regulatory considerations that operators should keep in mind. Emmanuele Canianelli and Liam Mulvaney will talk about the importance of balancing retail and online offerings to capture more value in the market, while Sophie Platts and Marko Jakovetic will share strategies for responsible gaming that drive business growth. Maja Jovančević will lead a panel on successful SEO strategies for the local market, among other international experts who will provide the latest insights into Italy for those looking to succeed in the market.

    The exhibition featuring the latest product offerings in Italy and Europe will allow attendees to network and sign deals for business growth in the region. This is the perfect opportunity to meet innovators in the region to ensure your platform offers an experience that appeals to the local audience.

    Top Speakers at Online Casino Summit Italia 2023 Share Their Vision

    “I’m really excited to be a part of the Online Casino Summit Italia, first off because of all the potential networking opportunities that there will be, and secondly, so that I can share why the creation of dynamic SEO strategies that work hand in hand with Google’s vision of the SERPs is key to SEO success.” – Patrick Georgiev, Global SEO Lead, Betsson

    “Happy to be part of this amazing panel at Online Casino Summit Italia. We at GIG Media have been successfully future-proofing for Google updates and I am happy to contribute to the topic.” – Maja Jovančević, Head of SEO (Casino), Gaming Innovation Group

    “I’m proud to be part of the Online Casino Summit Italia and to give my contribution to two panels: “Crypto Quest: Exploring the Potential Impact of Digital Assets on Italy’s Gaming market” and “What’s Next for iGaming: Insights into the Future of Online Gaming and What It Means for market Stakeholders”. – Daniele Tagliarini, Advisor, DTC Advisory

    Register Now for Exclusive Insights at Online Casino Summit Italia 2023

    Register now for the Online Casino Summit 2023 and gain access to the latest insights and opportunities for business development in the vibrant Italian iGaming market. Don’t miss out on this unparalleled chance to stay ahead of the game, elevate business development efforts and connect with the market’s leading C-suite executives. Secure your spot today at https://www.eventus-international.com/ocsi.