Radix, a full-stack solution for Web3 and DeFi, is being used to build a cutting-edge prototype for a blockchain-based system that reduces the carbon footprint of global tourism — after being identified as the only network with the infrastructure needed to make the project a success.

Researchers developing the Carbon Tokenomics Model, which was unveiled on stage at COP28 as a revolutionary approach to tackling climate change, tested multiple blockchains in their search for a platform that was scalable enough to cope with the demands of the multibillion-dollar travel industry.

High transaction fees and slow confirmation times meant many of the world’s best-known chains were deemed unsuitable by the Surrey Academy for Blockchain and Metaverse Applications (SABMA) — except Radix, which boasts a unique consensus mechanism that can accommodate billions of users.

Speaking on stage at ITB Berlin, the world’s largest tourism trade fair, Eduard Goean, Visiting Professor at the University of Surrey, said: “We are building a prototype to prove that what we are saying could become reality. In order to make this, we have a partnership with the only blockchain company that we think in this moment is suitable for the visitor economy and the tourism industry. Why Radix? Because we analyzed the atomic composability and scalability of the blockchain.”

Tourism currently accounts for about 11% of global greenhouse gas emissions — equivalent to about 5.4 billion tonnes of CO2 — and there are fears that this figure could double by 2050 unless urgent action is taken. The goal of the Carbon Tokenomics Model is to help businesses and organizations across the visitor economy accurately measure their footprint, and take steps to mitigate it.

The efficiency of existing offsetting solutions has been difficult to assess, especially in the voluntary carbon market. Although such credits can enable businesses, including airlines to diminish the environmental impact of their operations, some schemes have faced criticism for over-representing the reduction of CO2 emissions they cause.

Full transparency on the blockchain has the potential to give the tourism and hospitality trade confidence that they’re making a difference — and having a positive environmental impact. Some of the research being carried out by the University of Surrey is being partly funded by the U.K. government through a Knowledge Transfer Partnership, offering a vote of confidence into the importance and credibility of this project.

A detailed research paper on the mechanics of the Carbon Tokenomics Model is due to be published in the coming months, with Radix founder Dan Hughes now working with SABMA on bringing this concept to life.

Hughes said: “Radix’s Cerberus consensus mechanism followed eight years of hard work, and it’s now paying off. Our infrastructure is now being recognized in the business world as technologically superior to other blockchains — finally giving entrepreneurs the tools they need to bring ambitious ideas to market. I’m proud that Radix is playing its part in the battle against climate change, which is one of the most pressing issues our world faces right now. Our involvement with the Carbon Tokenomics Model and the future-forward team at SABMA shows the use cases for Radix extend far beyond DeFi and crypto.”

About Radix

Radix is the only full-stack, Layer 1 smart contract platform that offers a radically better experience both for users and developers. With Radix, users can confidently use Web3 and DeFi to manage their assets and identities. For developers, Scrypto and Radix Engine provide a powerful and secure asset-oriented programming paradigm that allows builders to intuitively go from idea to production-ready dApps that their users will love.

For more information, please visit radixdlt.com.

Gora Network, the leading multichain oracle network built on Algorand, is announcing the official launch of its native token, GORA, on the Ethereum Virtual Machine (EVM) via the ERC-20 standard. This strategic expansion unlocks new possibilities for the Gora ecosystem by fostering wider user adoption and increased liquidity across the DeFi landscape.

Enhanced accessibility and interoperability

The launch of GORA in ERC-20 marks a significant milestone in the expansion strategy of Gora Network’s EVM roadmap, complemented by the RociFi merger and the integration of Gora oracle on EVM networks. Developers can now explore Solidity code examples for data requests and off-chain computations in Gora, empowering them to create sophisticated dApps beyond simple price feeds.

The launch of the ERC20 comes after adding testnet support for #EVM-based protocols, and is one more step in Gora’s Multichain expansion roadmap.As Gora continues to evolve, it aims to revolutionize the space and empower developers to build the next generation of blockchain applications.

Benefits for the Gora community

With GORA now available on ERC-20, the Gora community can expect a range of advantages:

• Increased liquidity: Listing on a prominent platform like ERC-20 provides access to a broader user base, potentially leading to increased trading volume and liquidity for GORA.
• Enhanced utility: Users can now leverage GORA across a wider range of DeFi applications and services built on the EVM chain.
• Trading opportunities: By becoming an ERC-20 token, the GORA token gains access to a broader pool of liquidity on Ethereum-based decentralized exchanges (DEXs) and liquidity pools. This increased liquidity enhances the trading experience for GORA token holders, providing them with greater flexibility and efficiency in executing trades and managing their portfolios.

A stepping stone for growth

The integration of the GORA token as an ERC-20 asset underscores Gora Network’s commitment to innovation and growth within the decentralized finance landscape. By embracing interoperability and expanding its presence across multiple blockchain networks, Gora Network is poised to unlock new opportunities for decentralized applications, developers, and users worldwide.

This paves the way for GORA integration into a myriad of decentralized applications (DApps) and smart contracts deployed on the Ethereum blockchain. Developers and projects within the Ethereum ecosystem will leverage the power of Gora Network’s oracle solutions and decentralized data feeds, powered by the GORA token, to enhance the security, reliability, and functionality of their applications.

“The launch of GORA on ERC-20 marks a significant milestone for Gora Network, opening doors to a broader ecosystem of DeFi innovation and interoperability. This integration not only enhances accessibility but also solidifies our commitment to democratizing access to reliable data feeds across multiple blockchain platforms, said Abdul Osman, CEO and Founder of Gora Network.”

The launch of GORA on ERC-20 marks a pivotal moment in Gora Network’s journey. It signifies not only the expansion of its reach but also the unwavering commitment to building a future-proof oracle infrastructure for the ever-evolving DeFi landscape. By fostering interoperability, embracing innovation, and empowering developers, Gora Network is poised to play a vital role in shaping a more secure and accessible DeFi future.

Empowering developers: Unveiling new tools and resources

Gora Network remains dedicated to supporting developers in building the next generation of DeFi applications. As part of this commitment, Gora is releasing a comprehensive set of developer tools, including solidity code examples for data requests and off-chain computations. These resources will simplify the integration of Gora’s oracles into dApps built on the Ethereum ecosystem, ensuring a seamless and efficient development experience.

Beyond its EVM expansion, Gora Network is actively exploring the potential of Machine Learning (ML) and Artificial Intelligence (AI) to bolster the security and reliability of its oracle solutions. By embracing AI/ML, Gora aims to push the boundaries of oracle technology and contribute to the creation of a more secure and trustworthy DeFi ecosystem.

About Gora Network

Gora Network is a multichain oracle network built on Algorand, providing secure and reliable data feeds for DeFi applications. Gora leverages innovative cryptographic techniques and a decentralized oracle network to ensure data integrity and uptime. Through its GORA token, Gora empowers its community to participate in network security, governance and benefit from its growth.

Join the Gora community

For detailed updates regarding the deployment of the GORA token on ERC-20, ( listing, DEXs, CEXs, etc ) , stay tuned to Gora’s social media channels and community forums for the latest news and announcements.

Website: www.gora.io
Twitter: https://twitter.com/GoraNetwork
Discord: https://discord.com/invite/Pe8rwyPvKp
Medium: https://goranetwork.medium.com/
Telegram: https://t.me/GoraNetwork

In partnership with Nirvana Cloud, Xai Foundation today announced the public launch of Xai RPC nodes to support Xai, the gaming blockchain that will enable real economies in the next generation of gaming. The Xai Foundation has deployed mainnet RPC nodes on Nirvana Cloud, which are available for developers via the Nirvana Labs developer platform.

Available today, the RPC nodes are deployed in five of Nirvana Cloud’s global regions including North America, Central Europe, Central Asia, and Southeast Asia. With Xai deploying on Nirvana Cloud’s global bare metal cloud in five distinct regions, users are guaranteed the strongest uptime, lowest latency, and lowest cost per requests (CPR) for their blockchain data needs. Current Xai ecosystem partners and builders including Camelot DEX, Dora, Goldsky, and Supra Oracles are operational on the nodes.

Soby, a core contributor to Xai, commented on today’s news: “This collaboration ensures that game developers building on Xai have access to the most reliable and cost-effective infrastructure needed to power their games. Nirvana Cloud’s global reach and bare metal technology guarantee the low latency and high uptime crucial for a seamless gaming experience. This is a significant step forward in empowering developers and fostering a thriving ecosystem for the future of blockchain-native gaming.”

The Xai nodes have been launched on bare metal deployment, with improved cost, global distribution, speed, and reliability for Xai game developers, delivering a better user experience for their end users. Nirvana RPC nodes deliver creators powerful tools such as auto-scaling and provisioning of cloud resources to handle the most demanding web3 use cases, as well as auto-routing to the nearest node, so developers can focus solely on the projects they are building.

Dan Burke, CEO of Nirvana Labs, added: “Nirvana and Xai are coming together to solve a critical component of next-gen gaming with the newest in web3 tooling. We are ushering in a new era of blockchain infrastructure and usability with the latest in layer 3 scalability and cutting edge web3 cloud computing to bring high performance and cost optimized cloud infrastructure to the gaming industry. We are proud today to be first to market with Xai mainnet nodes deployed globally on Nirvana’s bare metal cloud.”

Nirvana Labs, by utilizing its own proprietary bare metal cloud purpose built for web3 workloads, differentiates itself in three core areas versus traditional web2 providers and blockchain infrastructure providers reliant on web2 cloud providers: scalability and cost management, availability and latency, and through the comprehensive support and resources provided to clients.

Tailored specifically for gaming, the Xai blockchain offers traditional gamers an abstracted wallet and account experience, provides developers with increased gas and contract limits, and establishes a fully decentralized ecosystem that fosters trust and transparency for all participants.

About Xai Games

Xai was developed to enable real economies and open trade in the next generation of video games. With Xai, potentially billions of traditional gamers can own and trade valuable in-game items in their favorite games for the first time, without the need to use crypto-wallets. Anyone can support the Xai network by operating a node which allows them to receive network rewards and participate in governance. Xai is developed by Offchain Labs leveraging Arbitrum technology.

About Nirvana Cloud

Nirvana Cloud is purpose built for the distinct workload characteristics of web3, emphasizing high CPU clock speeds, low RAM latency, and low storage latency which are starkly different from conventional web2 general-purpose tasks. Nirvana’s cloud architecture is built with key objectives and metrics desirable for web3 firms: low latency and high throughput, resource cost optimization, CPU / RAM scalability and customizations, resilience and reliability, security and privacy, governance and sovereignty, and web3 focused tooling and customer support.

Royal Finance Coin (RFC) has announced the commencement of the pre-sale of its much-awaited token, offering early investors a chance to join the project at a favorable entry point. The brainchild of financial experts from the crypto industry, the RFC token is strategically positioned for high growth, backed by tangible assets, and committed to sustainability, making it a pioneering investment opportunity.

Post-pre-sale, RFC vows to reinvest in state-of-the-art crypto mining machines housed within Aruba.it’s premier data centers, exclusively powered by renewable energy sources. This initiative underscores RFC’s pledge to sustainable mining practices, ensuring a greener future for digital finance.

RFC’s strategic investment insights project significant asset generation, with each mining machine capable of producing cryptocurrency worth one Bitcoin monthly. This deliberate injection of value enhances RFC’s token worth, fostering steady appreciation in the market.

Mined cryptocurrency is reinvested into RFC’s liquidity pool, bolstering token stability and growth. This strategic move not only ensures continuous asset backing but also drives value and stability in the cryptocurrency market.

RFC offers a staking program for token holders, providing competitive Annual Percentage Yields (APY) and monthly rewards. This initiative fosters community engagement, contributing to RFC’s ecosystem stability and growth.

RFC announces plans to establish an international hub in Dubai, marking a significant milestone in its global expansion journey. Details of this venture will be unveiled in due course, reflecting RFC’s ambition to solidify its presence in the global market.

RFC’s innovative solution aims to replace traditional mining farms with a decentralized, low-energy-impact system, ensuring sustainability and cost-effectiveness.

Through local cluster nodes, RFC intelligently connects to primary pool services, optimizing hash accumulation and reducing electricity consumption.

RFC’s roadmap outlines strategic milestones, including the pre-sale, public sale, mining operations kick-off, and setting up an international hub in Dubai, paving the way for exponential growth and market expansion.

With yearly revenue goals of $6 million to $7.2 million from mining operations and market cap milestones aiming for exponential growth, RFC promises lucrative returns and sustainable growth prospects.

Royal Finance Coin (RFC) epitomizes the fusion of technology, sustainability, and investment opportunity, offering a compelling case for investors seeking long-term value growth and environmental responsibility.

Join RFC’s journey at https://rfcofficial.io and become part of a revolution in digital finance.

To learn more, read the whitepaper at: https://whitepaper.rfcofficial.io/

Join the conversation at:
Telegram: https://t.me/+bnQiqbu07zI4ZWQ0
X (formely Twitter): https://twitter.com/rfcoinofficial
Instagram: https://www.instagram.com/rfccoinofficial

MetaComp Pte Ltd, a leading Monetary Authority of Singapore (MAS) licensed Singapore fintech company that specializes in blockchain technology and digital assets, and its affiliates (collectively referred as MetaComp), is proud to announce a strategic partnership with Harvest Global Investments Limited (HGI), a leading asset management company licensed with the Securities and Futures Commission of Hong Kong. HGI is among the pioneering Chinese asset management firms to establish subsidiaries abroad. The Memorandum of Understanding executed between MetaComp and HGI marks a significant step towards potentially broadening the accessibility of innovative financial products globally with special emphasis on the recently announced cryptocurrency spot ETFs which will be expected to start trading on the Hong Kong Stock Exchange from 30 April 2024 onwards. This follows the announcement by HGI that they have received authorization from Hong Kong’s Securities and Futures Commission to launch the highly anticipated cryptocurrency ETFs.

The core of the partnership revolves around MetaComp and its affiliates’ commitment to make HGI’s cryptocurrency spot ETFs available, through MetaComp’s proprietary Client Assets Management Platform, also known as CAMP by MetaComp, utilizing its technological and market expertise to introduce these products under the appropriate regulatory framework to Singapore investors and beyond. This initiative not only aims to expand the global footprint of HGI’s ETFs but also allows MetaComp and its affiliate to enrich its wealth solution portfolio with highly sought-after financial products.

In addition to the crypto-ETF distribution, the collaboration will also explore opportunities for the integration of HGI’s various asset management solutions into MetaComp’s service offerings. MetaComp will also provide HGI access to its Digital Payment Token suite of services. Through the strategic collaborative efforts by both companies, they are hoping to forge a symbiotic relationship that will allow both companies to leverage on their strengths.

The alignment with HGI allows MetaComp to tap into the scale and expertise of a leading global financial player, significantly enhancing its service capabilities and market reach. This partnership is designed to serve not just the existing clientele of both entities but also to capture new segments eager for advanced financial solutions across traditional finance and crypto finance.

Dr Bo Bai, Chairman and Co-Founder of MetaComp shared: “This strategic alliance with Harvest Global Investments Limited reaffirms MetaComp’s commitment to being the bridge that links traditional finance with crypto finance. We are confident that our partnership with Harvest Global Investments Limited will prove to be mutually beneficial. With Harvest’s expertise in asset management and MetaComp’s robust capabilities in providing a comprehensive suite of digital payment solutions, we are poised to deliver unparalleled value to our clients and the market.”

For more detailed information on this partnership and to stay updated on future developments, please visit www.mce.sg.

About MetaComp Pte Ltd (www.mce.sg)

MetaComp is a leading Singapore-based digital asset platform that is licensed and regulated by the Monetary Authority of Singapore (MAS) under the Payment Services Act 2019. Operating under a P2B2C (platform-to-business, partners-to-clients) model, MetaComp provides an integrated end-to-end suite of services to its clients, empowering them to confidently enter the digital asset market with the much-needed safety, security, and compliance. Together with its parent company, Metaverse Green Exchange Pte. Ltd. (a MAS-licensed CMS holder permitted to carry out, inter alia, brokerage and custody services), MetaComp introduces its suite of services through CAMP by MetaComp, a regulated Client Assets Management Platform, allowing businesses to develop and scale their digital asset offerings through OTC and exchange trading services, fiat payment, digital asset custody and prime brokerage.

The world’s first AI trading bot designed to revolutionize the financial markets is now available. Nexus AI combines cutting-edge AI algorithms with advanced quantum computing capabilities to deliver unparalleled speed, accuracy, and profitability.

The launch of Nexus AI marks a significant milestone in the evolution of AI-driven trading technology. With traditional trading methods becoming increasingly outdated in today’s fast-paced markets, Nexus AI offers investors a revolutionary solution to stay ahead of the curve and maximize their investment returns.

The Nexus AI Trading software is simple to understand and intuitive, allowing traders to make trades using fully automated AI software without any complexities. By leveraging the power of cutting-edge technology and advanced algorithms, Nexus AI is powered by state-of-the-art AI algorithms that analyze market trends, patterns, and correlations with unparalleled accuracy. These advanced algorithms enable Nexus AI to make informed trading decisions based on real-time data, helping investors achieve outstanding returns.

As the world’s first AI trading bot, Nexus AI is at the forefront of a new era in investment technology. By combining the latest advancements in AI and quantum computing, Nexus AI offers investors a glimpse into the future of trading, where speed, precision, and adaptability are paramount. The future of trading is here, and it’s powered by Nexus AI.

The software enables investors to execute trades with unparalleled accuracy and efficiency by harnessing advanced AI algorithms and real-time market analysis – with Nexus AI, every trade is based on data-driven insights and objective research, giving you the confidence to make informed decisions and maximize your investment returns while minimizing risk.

In today’s fast-paced markets, staying ahead of the curve is essential for success. By continuously monitoring market conditions, analyzing trends, and identifying emerging opportunities, Nexus AI keeps investors one step ahead of the game. Whether you’re a seasoned trader or just starting, Nexus AI gives you the edge you need to stay ahead of the curve and thrive in today’s competitive financial landscape.

Nexus AI prioritizes the security of investors’ assets with robust encryption protocols and secure authentication mechanisms. Investors can trade with confidence, knowing that their funds are protected against cyber threats and hacking attacks.

Investors can achieve long-term goals with Nexus AI by taking control of their financial future. Whether you’re looking to build wealth, secure your retirement, or simply grow your investment portfolio, the software provides all the tools and resources you need to succeed in today’s dynamic markets. With Nexus AI, investors can embark on a journey toward financial freedom like never before.

“We are thrilled to introduce Nexus AI to the world,” said Andrew Fischer, CEO of Nexus AI Trading. “With its unparalleled scalability, accuracy, and adaptability, Nexus AI represents a game-changing innovation in the field of AI-driven trading technology. We believe that Nexus AI will empower investors to achieve their financial goals with confidence and ease.”

Nexus AI is now available for investors worldwide. To learn more about Nexus AI and start trading with the world’s first AI trading bot, visit Nexus AI today.

Website: https://ainexusbot.com/

XION, the first blockchain purpose-built for mainstream adoption, today launched its user-friendly Chain Abstraction solution. XION’s Chain Abstraction combines XION’s ease-of-use with seamless composability of users, apps, and liquidity across connected blockchains, beginning today with Injective.

XION aims to make Web3 easier to navigate for all users by abstracting away its inherent complexities. Through familiar Web2 methods like email, users can seamlessly interact with XION applications across all devices, including desktop and mobile. Users can also enjoy a frictionless experience reminiscent of traditional Web2 platforms without the concerns associated with blockchain technology, such as gas fees. Today’s Chain Abstraction launch serves as an extension of these functionalities to other connected blockchain ecosystems.

“Just like the internet, users shouldn’t need to know which infrastructure applications they are using are built on. All that matters is that it works,” said Burnt Banksy, a core contributor to XION. He added, “We’re proud to launch Chain Abstraction as it vastly accelerates XION’s impact in making Web3 accessible to all users.”

Previously, cross-chain usability has been notoriously difficult for users to navigate and has resulted in fragmentation across ecosystems. However, with Chain Abstraction, XION aims to reshape the historically competitive nature of L1s – who typically fight for users, liquidity, and developers – to enable mainstream adoption. Through the inaugural integration with Injective, users can utilize Talis with their XION account, without needing to grapple with complexities such as cross-chain bridging, browser plugins, seed phrases, gas fees, and transaction signing.

XION will progressively roll out its user-friendly Chain Abstraction to many more ecosystems. Interested users can try XION’s Chain Abstraction on testnet today.

About XION

XION is the first layer one blockchain purpose-built for consumer adoption through crypto abstraction. Utilizing protocol-level implementations related to abstracted accounts, signatures, fees, interoperability, and more, XION enables secure, intuitive, and seamless user experiences. The project has previously raised over $32M from top-tier investors, including Animoca, Circle Ventures, Multicoin, Draper Dragon, Spartan, and more.

To learn more about XION, follow @burnt_xion on Twitter, or visit xion.burnt.com.

MAKE, a blockchain technology innovation firm, with the support of the Casper Association, have announced an exclusive partnership with D3 Global, a next-generation domain name company developing interoperable digital identities, to apply for and obtain the .cspr Top-Level Domain (TLD) during ICANN’s upcoming application window.

By partnering with D3, MAKE and Casper aim to drive accessibility and growth in Web3, by cutting the barriers to access blockchain ecosystems and integrating existing Internet infrastructure used by over 5 billion people worldwide. The Domain Name System (DNS) is universally recognized and used by nearly all governments, and enterprises across the globe. Bridging Web3 and DNS uniquely fits Casper’s strategy of enabling long-term solutions to real-world business challenges.

D3’s patent-pending platform is set to integrate traditional Internet and Web3 ecosystems to deliver enhanced utility, security, and universal access for what the company calls ‘real Web3 domains.’ The company is set to change the status quo, setting its sights on existing Web3 naming solutions, which do not offer interoperability with traditional Internet infrastructure, including support for the DNS, browsers, email, smart devices and more.

“Our partnership with D3 will allow Casper to become more accessible and scalable than ever. Every single day billions of people across the world use domains to navigate the Internet, the .cspr top-level domain will allow us to bridge the gap between Internet and blockchain technology,” said Ralf Kubli, Director at Casper Association.

“We look forward to working with D3 to develop futureproof, interoperable digital identities that offer our users and partners a host of new functionality and utility within the Casper ecosystem. Domains are universal and will be key to onboarding and scaling Casper’s enterprise blockchain solutions,” said Michael Steuer, Co-Founder and CTO at MAKE.

“We’re excited to welcome MAKE and Casper on our journey to cut down the barriers between Web3 and Internet infrastructure. The Domain Name System has been instrumental in making the Internet accessible and navigable for over 40 years and soon it will make Web3 and the Casper ecosystem just as easy to access and explore,” said Fred Hsu, Chief Executive Officer at D3.

Through their partnership, the three entities aim to onboard the next billion users to Web3 through ‘real Web3 domains’ that will offer accessibility and seamless integration with billions of Internet enabled devices.

About MAKE

MAKE invests in and develops innovative technology in high-impact industries, such as public health and blockchain. In public health, MAKE enables policy makers to make data-informed decisions about public health policies on a global, national and local basis. In blockchain, MAKE specializes in developing secure and user-friendly solutions for decentralized ecosystems. With a commitment to innovation and a focus on delivering real-world benefits to users, MAKE is at the forefront of the blockchain revolution.

For more information, please visit: https://makegroup.io

About Casper Network

The Casper Association is the not-for-profit, Switzerland-domiciled organization responsible for overseeing the Casper network and supporting its organic evolution and continued decentralization. By seamlessly integrating with existing technology stacks, Casper empowers both small and large organizations to harness the full potential of blockchain technology and create solutions that address real-world challenges. Utilizing open web standards, Casper enables the rapid development of cutting-edge blockchain applications.

For more information, please visit: https://casper.network

About D3 Global

D3 Global is a digital infrastructure provider that delivers secure, decentralized, and interoperable identities on the root layer of the internet – the Domain Name System (DNS). D3’s patent-pending platform will be the first to deliver real domain names that seamlessly bridge the gap between traditional Internet infrastructure and Web3 ecosystems. D3 team consists of industry veterans with over three decades of collective experience, known for leading domain name monetization, internet protocols, and various TLD operations including .xyz, .inc, .tv, and .link.

Learn more about D3 at https://www.d3.app/

Galactica’s recent launch of their identity Layer 1 TestNet heralds a significant breakthrough, paving the way for under-collateralized lending and compliant Real World Assets (RWA) integration. This development holds the promise of seamlessly channeling trillions of dollars of liquidity from traditional finance (TradeFi) into decentralized finance (DeFi), reshaping the financial landscape.

Why you should care

The emergence of compliant yet privacy-preserving digital identity solutions, along with the concept of augmented reputation, represents a monumental advancement in the crypto sphere. These innovations are often hailed as the “Holy Grail” of crypto, offering a multitude of benefits.

With Galactica’s technology, expect heightened capital efficiency within DeFi, the ability to trade traditional assets such as Nvidia stocks or SpaceX equity on decentralized platforms like 1 Inch — even on weekends — and the convenience of purchasing corporate bonds or T-bills via Decentralized Exchanges (DEX). Moreover, envision securing a mortgage for a new Airbnb apartment in Tulum using your global credit score.

Beyond finance, this technology opens doors to hosting national elections securely and fostering entirely new digital communities or nations.

How it works

Galactica’s blockchain operates as a layer 1 protocol, distinguished by the introduction of groundbreaking primitives — akin to Lego building blocks — that revolutionize the landscape.

These primitives enable the creation of a compliant, privacy-preserving sovereign identity, along with the seamless validation and integration of on-chain, cross-chain, and off-chain data to construct augmented reputation systems.

Become a Galactican today and join their community, you’re still early!

About Galactica Network

Galactica Network is a layer-1 solution with the most flexible RegTech stack and DeSoc primitives. By leveraging zkKYC, dynamic whitelisting primitives and proofs over users’ Web3 footprints, it achieves a strong form of Sybil resistance and enables protocol-level, compliant privacy.

To learn more about this project, please visit its website: https://galactica.com.

Saakuru announced some recently reached milestones in its development, which put it at the forefront of the gasless blockchain revolution currently disrupting the industry. The consumer-centric L2 protocol entered the top 5 brands in its niche within 9 months of launch. Moreover, according to data from DappRadar, it records over 1.44 million/week.

Saakuru is preparing for the official launch of its Saakuru token ($SKR) before the end of April. The project also successfully raised $2.4 million in an oversubscribed private funding round to develop its protocol.

The Saakuru Protocol is an up-and-coming proponent of gasless technology, considered by many an accelerator of Web3 adoption into the mainstream. Its mission is to improve the user experience for both developers and end users and drastically reduce costs. These enhancements should forever change the blockchain landscape, enabling the development of more versatile decentralized applications boasting higher security standards, cost-effectiveness, and ease of use.

As of 2024, blockchain technology is stagnating and used mainly for crypto trading. Also, the broadly adopted Ethereum model, based on gas fees fluctuating depending on network use, can lead to high costs and a disappointing user experience. Lastly, most blockchain networks face significant security issues, deterring new users from onboarding promising projects.

Saakuru has developed a public-permission, gas-less L2 blockchain powered by Oasys High-Speed Optimistic Rollups. The network’s design eliminates gas fees, significantly improves user experience, and proposes new tokenomics models. For instance, it enables the easy creation and execution of token contracts, including features like vesting, staking, data tracking, and management. This approach differs significantly from most layer-2 blockchain networks, which rely primarily on governance tokens.

The Saakuru token is a multi-purpose token ensuring utility and governance for the Saakuru Protocol. It uses an advanced burning mechanism to gradually reduce its supply while potentially increasing its value. The token is involved in all the operative layers of the Saakuru protocol:

• Developer Layer—Also known as Saakuru Labs, this feature provides several products and services with proprietary business models. The system burns the token with 10% of the profit.
• DeFi Layer — This feature is facilitated by Taffy DEX technology, and 0.005% of every fee collected from on-chain and cross-chain transactions throughout the Taffy DEX protocol is converted to SKR tokens and burned.
• Governance Layer — SKR token holders can use their tokens to participate in the protocol’s governance model. Moreover, 5% of the tokens used to initiate the review process are burned.
• Protection Layer — The SKR token is burned if the SKR token protection mechanism is triggered, and 3% of saved tokens will be burned.

The Saakuru team believes the protocol’s gas-less operations will drive quick and consistent adoption of the SKR token. Moreover, developers can stake their SKR tokens to refill their credit balances monthly and drive the ecosystem’s growth.

Another aspect that should increase demand for gas-less blockchain networks like Saakuru is the outdated properties of the currently available external wallet model. The Saakuru team believes developers and users will soon adopt the embeddable model, defined by increased security and numerous configurable features in any mobile app in one day. This type of wallet can provide a better, user-friendlier experience without reducing security.

The Saakuru protocol will also feature prebuilt, easy-to-launch modules for basic Web3 interoperability functions, such as smart contract event tracking and interaction APIs. It will also have an NFTs CRM and zkNFTs verification layer, allowing businesses to integrate Web3 technologies seamlessly into their operations.

About Saakuru

Saakuru takes a new, innovative approach to Web3 and proposes a blockchain that doesn’t charge gas fees, maintains stability through top security practices, and fosters new projects, applications, and ideas. To this end, the team launched the Saakuru Developer Suite, a comprehensive toolset that includes libraries and APIs and enables developers to create applications faster.

The development team behind Saakuru has more than ten years of experience making Web2 products and six years of experience in Web3 applications, both from the developer’s and business sides. Their experience enabled them to discover the primary issues of decentralized production that prevented them from reaching mainstream use.

Saakuru benefits from increasing support from the industry, including prominent educators on blockchain technology, such as Ivan on Tech, an angel investor in the Saakuru Protocol.