ZKSpace has recently announced two significant developments: its expansion into the BRC20 ecosystem and the unveiling of its Tokenomics 2.0 Trilogy.

Expansion into the BRC20 Ecosystem:

• Background: Following the BTC network’s Taproot upgrade, the BRC20 ecosystem has gained traction in the cryptocurrency domain. ZKSpace is now pivoting towards this ecosystem to meet growing user demand and diversify its product offerings.
• Strategic Focus: The move aims to align with user preferences, leverage the ZKSpace team’s expertise in Zero-Knowledge Proof, and enhance the value of ZKS token holders.
• Initiatives: ZKSpace plans to introduce a suite of products and services tailored to the BRC20 ecosystem, including a BRC20 Exchange, BRC20 Info, and a BTC Layer2 wallet.
• Roadmap: Key milestones include the introduction of ZKSwap (zkSync version), cross-chain functionality with BZKSwap, and the launch of a comprehensive BTC ZKVM solution for a decentralized BTC Layer2 DEX.

Tokenomics 2.0 Trilogy:

• Token Supply Adjustment: ZKSpace has decided to burn 40% of the total ZKS token supply, reducing the uncirculated supply from 440 million to 40 million tokens. This move aims to create a deflationary effect on the non-circulated portion of the tokens by over 90%. The token burn is commenced for completion by December 31, 2023.
• New Use Cases: In 2024, ZKS tokens will be upgraded to dual-chain Layer2 governance tokens, operable on both ETH and BTC networks. This includes the migration of a portion of ZKS tokens to the BTC network, with profits dedicated to accelerating the token’s deflationary plan.
• Future Developments: This token burn is the first phase of the innovative Tokenomics 2.0 model trilogy. ZKSpace is also planning a series of products for the BTC ecosystem and a significant brand evolution.

Conclusion:

These developments by ZKSpace mark a strategic shift towards embracing the BRC20 ecosystem and innovating its tokenomics. The company is set to enhance its product offerings and user experience, while also adding value to its ZKS token holders. Stay tuned for more updates as ZKSpace continues to evolve and expand its presence in the cryptocurrency market.

Zetrix, a leading public Layer 1 blockchain platform, today announced a significant milestone in its journey to connect businesses globally and streamline trade processes. The platform has unveiled a groundbreaking update to its native wallet application, enabling seamless digital asset connectivity between three major blockchains: Zetrix, Ethereum (ETH), and XingHuo International.

This pivotal development marks a crucial step towards interoperable verifiable credentials, a cornerstone of Zetrix’s mission to revolutionize global trade and data interoperability. Verifiable credentials are tamper-proof digital records that can be verified across multiple platforms, hold immense potential to simplify and expedite cross-border transactions, particularly in the realms of supply chain management and identity verification.

With the introduction of multi-chain support, Zetrix users will now be able to seamlessly manage digital assets across Zetrix, ETH, and XingHuo International, essentially allowing onchain data to be shared in and out of China. This enhanced interoperability will not only streamline cross-border trade but also pave the way for the development of innovative applications and services within the Zetrix ecosystem.

“The launch of our multi-chain wallet represents a significant leap forward in our mission to facilitate seamless cross-border trade and foster a more interconnected global economy,” said Dato Fadzli Shah of Zetrix. “By bridging the gap between these major blockchains, we are empowering businesses to navigate the complexities of international transactions with greater efficiency and security.”

The integration of XingHuo International, the international supernode of China’s national public blockchain infrastructure Xinghuo BIF, further strengthens Zetrix’s position as a key facilitator of cross-border trade between China and the rest of the world. This strategic partnership will enable businesses to leverage the power of blockchain technology to streamline trade processes and access new markets with greater ease.

Zetrix’s multi-chain wallet is a testament to the company’s commitment to innovation and its unwavering belief in the transformative power of blockchain technology. By fostering interoperability and enabling seamless digital asset management, Zetrix is paving the way for a future of frictionless global trade, where businesses can operate with greater efficiency, transparency, and security.

Zetrix Verifiable Credentials: Adherence to W3C Standards and UN-CEFACT Recommendations

Zetrix is committed to ensuring that its verifiable credentials adhere to the highest standards of interoperability and security. This commitment is reflected in its compliance with both W3C standards and the recommendations of UN-CEFACT.

W3C standards provide a framework for the development and implementation of verifiable credentials, ensuring that they can be easily exchanged and verified across different platforms. UN-CEFACT recommendations, on the other hand, focus on the practical application of verifiable credentials in the trade and logistics sector.

By adhering to these standards and recommendations, Zetrix is ensuring that its verifiable credentials are both interoperable and relevant to the needs of the global trade community. This commitment to standards will play a crucial role in Zetrix’s mission to revolutionize cross-border trade and foster a more interconnected global economy.

About Zetrix

Zetrix is a layer-1 public blockchain that facilitates smart contracts and delivers privacy, security and scalability. Zetrix’s cryptographic infrastructure can be introduced to multiple industries to connect governments, businesses and their citizens to a global blockchain-based economy. Developed by MY E.G. Services Bhd, the cross-border and cross-chain integration with China enables Zetrix to serve as a blockchain gateway that facilitates global trade by deploying critical building blocks for Web3 services such as Blockchain-based Identifiers (BID) and Verifiable Credentials (VC).

About Xinghuo International

Xinghuo BIF is a national blockchain infrastructure supported by Ministry of Industry and Information Technology and led by the China Academy of Information and Communications Technology (CAICT). It provides services mainly to industrial Internet, makes breakthroughs in Internet identifier, increases the application of blockchain and drives the economy. With open construction strategies and governance model, Xinghuo BIF positions as a national blockchain infrastructure that provides service to the world and its construction was started in Aug 2020. On 3 Aug 2021, CAICT released BIF-Core, which marks the start of its primary chain operation and global service.

Akemona Technologies, LLC, an affiliate of Akemona, Inc., is excited to announce the availability of Akemona-OnchainTA Release 29. As a key player in digital securities technology, Akemona Technologies focuses on empowering financial institutions with an advanced asset tokenization platform designed to streamline deal preparation and manage the entire lifecycle of digital securities. Ravi Srivastava, CEO of Akemona Technologies, emphasizes the significance of this release, stating, “This is a major release that enhances the capabilities of the platform for corporate actions and compliance with regulations.”

The Akemona technology platform operates within the exempt offering framework of the U.S. Securities and Exchange Commission (SEC), providing comprehensive digital securities issuance and asset tokenization services. These services cover deal preparation, book building, pricing and allocation, electronic prospectus, investor outreach, indication of interest, and investment transactions. The OnchainTA component serves as an all-digital transfer agent platform, offering post-subscription services such as investor registration, digital securities transfer, peer-to-peer trading, replacement of lost digital securities, and support for corporate actions like stock splits, reverse stock splits, buybacks, and dividend distribution.

One of the platform’s distinguishing features is its blockchain-agnostic nature. Compatible with permissioned and permissionless blockchains, the Akemona platform enables financial institutions to efficiently prepare regulatory filings. Smart contracts are automatically generated based on these filings, reducing errors, reconciliations, and settlement times, thereby increasing the efficiency of capital market transactions.

Brady Matthews, Chief Technology Officer of Akemona Technologies, underscores the significance of digital securities technology, stating, “Financial institutions are adopting digital securities technology since transactions recorded on a distributed ledger cannot be modified. Immediate settlement finality of transactions reduces counterparty risk and enhances coordination among financial institutions, issuers, investors, and other capital market participants. The integration of artificial intelligence in the life cycle of digital securities further enhances efficiency and compliance.”

Founded in 2018 by former executives of Fortune 500 companies, Akemona Technologies places regulatory compliance at the core of its operating system and smart contracts.

Ravi Srivastava notes, “Since our inception, we have focused on building regulatory compliance into the workflow of digital securities in a way that allows customization by financial institutions as regulations evolve.”

Acknowledging the increasing interest from financial institutions, Srivastava adds, “Financial institutions are looking for more efficient ways to issue securities, reduce counterparty risk, review asset-allocation strategies, and rebalance portfolios. Traditional financial assets’ life cycle involves complex and duplicative processes, resulting in higher risk and reduced profitability. Financial institutions now realize that digital securities can mitigate these risks and enhance profitability by eliminating these inefficiencies.”

Akemona Technologies offers its platform and services in a Software-as-a-Service (SaaS) model and a white-labeled customized solution.

About Akemona Technologies, LLC

Akemona Technologies is the developer of the software-as-a-service (SaaS) Akemona tokenization platform, enabling financial institutions and issuers to manage the lifecycle of digital securities. Akemona Technologies is a unit of Akemona-Core, Inc. (https://akemona-core.com) and an affiliate of Akemona (https://akemona.com), a funding portal registered with the SEC and a member of FINRA (https://www.finra.org/about/firms-we-regulate/funding-portals-we-regulate). Akemona Technologies is neither a funding portal nor a broker-dealer. OnchainTA, an affiliate of Akemona Technologies, is registered with the SEC as a transfer agent.

The trading arena today is more active than ever, which means that brokers need to make a great effort in order to cater to the ever-evolving demands of market participants. Tapping into this understanding, the globally noted broker FXGT.com is now elevating its game. With the launch of their FXGT.com Pro and ECN accounts, the firm is rolling out the red carpet for advanced and professional traders with a thirst for exceptional working conditions.

“We have always been steadfast in our dedication to empowering every trader with seamless services and unwavering reliability,” stated a spokesperson for FXGT.com. “After months of hard work, our ECN and Pro accounts are nothing short of a revolution in terms of excellent trading terms. We’ve put an emphasis on the things that our more experienced clients require, such as asset variety, raw spreads, flexible margins and much more. We invite every trader who is dissatisfied with what their broker currently offers to check out the advantages of our Pro and ECN accounts, which are now available on our website.”

Bigger, faster, better

Among the many interesting features of FXGT.com’s new Pro and ECN accounts, some elements are especially worth noting. While the Pro account guarantees commission-free trading on no less than 10 different asset classes, traders who choose the ECN accounts can enjoy spreads that go as low as zero, alongside negative balance protection and the option for a 40% stop-out bar. Both accounts are coordinated with the reputable MetaTrader 4 and 5 platforms and mobile apps.

The spokesperson for FXGT.com also empahsized that all clients can benefit from these accounts, regardless of their trading background, as well as from the other accounts that the broker currently offers.

About FXGT.com

FXGT.com is an FSA-regulated brokerage firm that offers an extensive range of features for its clients The brand enlists a diverse mix of assets: from classic forex and stocks to the avant-garde realm of NFTs and crypto. Moreover, the broker integrates the prowess of MT4 and MT5 terminals, amplified by the VPS sponsorship facility. The broker also assimilates 24/7 multi-lingual support and four account types, enhancing diversification optionality. Functioning more than just a brand, FXGT.com ensures that traders are equipped with the right toolkit to stay ahead in the competitive trading arena.

Website: https://fxgt.com/

SpookyZ Gaming Studio is disrupting and reinventing the future of gaming by creating the first truly agnostic universal inGame wallet and payment gateway platform integrated with its own native token (SPZ). This key innovation allows SpookyZ’s technology to be seamlessly integrated into any existing classic Web2 or MMO game turning it instantly into a Web3 Play-To-Earn game, bringing new life and excitement to the games you love. SpookyZ is currently integrating the best in class multiplayer adventure games like Grand Theft Auto and DayZ, layering them with our technology to enable instant Play-to-Earn (P2E) immersive functionality.

SpookyZ’s technology is bridging the gap for traditional Web2 gaming studios to seamlessly enter the fast growing Web3 games market which is projected to grow to $67 Billion by 2027, by simply integrating and layering our technology effortlessly to their existing games.

SpookyZ has created a new metaverse ecosystem with innovative gaming economies, monetization models and game asset tokenisation, which is integrated with our SPZ native token. This ensures that gamers can earn real-world money while playing their favorite games, with an advance inGame wallet that seamlessly connect to MetaMask and other secure wallets allowing tokens to be freely traded, swapped, sold using both DEX and CEX exchanges ensuring unprecedented transparency of all inGame digital transactions. SpookyZ is providing the most sophisticated inGame economic model that can be easily and cheaply integrated into existing Web2 games, bringing a previously unimaginable layer of inGame dynamism to classic games we all love.

SpookyZ have implemented a simple, sophisticated inGame tokenomics model that always ensures that 2% of all transactions are burned, a 5% tax on transactions and 3% of SPZ tokens are paid to the inGame reward pool. SpookyZ has passed a comprehensive and stringent technology and Smart Contract Audit and KYC compliance conducted by SolidProof, a leading Tier-One German Blockchain Security Company. Giving Web2 gaming studios total confidence when integrating our technology including our investors, gamers and community.

SpookyZ allows players to have full access to all information about transactions, providing a Provably Fair and secure platform for total inGame peace of mind. Our technology gives gamers the ability to use their skills to make real-world money and build profits from playing their favorite games. How much money they make depends entirely on their inGame strategy and skill level, the possibilities is endless.

Another key SpookyZ innovation is that gamers will have full digital ownership of all their assets including any SPZ tokens. They have complete freedom to use, trade, swap, store, sell or cash out for real-world money, the choice is completely theirs.

SpookyZ have assembled an expert multidisciplinary team that is absolutely passionate about the transformational power of Web3 gaming. The aim of our team is to fundamentally change the way games are perceived and played. Our technology which can instantly transform any existing Web2 game into a dynamic Web3 game seamlessly is now commercially available bringing a new era in gaming. We are keen to work, collaborate or partner with investors, distributors or content creators. Please feel free to reach out to our team and let’s build the future of Web3 gaming together.

About SPOOKYZ

SpookyZ is disrupting gaming by utilising Blockchain to create new inGame economies and asset tokenisation that allows gamers to earn real-world money in our metaverse .We have created an agnostic universal integrated crypto wallet and payment gateway platform with its own native tokens (SPZ) that can be integrated into any Web2 game enabling it to become a Web3 P2E game, seamlessly bringing Blockchain and crypto to the masses.

Klever is overjoyed to announce a defining moment in our pursuit of blockchain innovation: a remarkable $20 million investment commitment from GEM Digital Limited. This significant infusion, equally distributed with $10 million dedicated to each of our KLV and KFI tokens, is a resounding vote of confidence in our vision to transform the world of blockchain and web3. At Klever, we’re passionately crafting a future where blockchain technology and crypto wallets aren’t just powerful and secure but also incredibly user-friendly and inclusive. This milestone is a giant leap forward, reinforcing our unwavering commitment to innovation and our goal to democratize and make finance accessible for all.

Klever: A P2P Network For Everyone

Klever is a p2p network for everyone and is the embodiment of our commitment to pursue the dream of creating the most user-friendly and inclusive blockchain ecosystem.

At Klever, we’re driven by a core belief: Finance should be accessible to everyone. Since launching our first blockchain wallet in 2017, our mission has been to make finance universally accessible and free. We strive to unravel the complexities of blockchain technology, transforming it into a user-friendly blockchain tool for daily life. Today, with a fully-fledged blockchain ecosystem, we enable users to effortlessly invest, stake, create, and manage decentralized digital assets on one of the most sophisticated blockchains in existence.

For the first time, people in Nigeria can pay for food and goods using our Klever Wallet.

We’ve witnessed the challenges faced by developers and users in navigating the complex landscape of blockchain technology. Our solution? A platform where anyone, regardless of their country, beliefs, or technical expertise, can build and interact with blockchain technology. We make it so easy that everyone can use it.

Finance is complex and financial services are often exclusive, slow, expensive, and complicated.

We have found an opportunity to provide a blockchain hub and financial tools beyond the boundaries of social status, gender, religion, or nationality.

Looking ahead, this significant funding will accelerate our mission to make p2p financial services borderless, open, and accessible to all through our public blockchain network. We’re making waves towards a more inclusive, innovative, and user-friendly digital world.

Reinforcing the Open Source Movement

Klever’s investment in the open-source movement signifies our dedication to transparency, collaboration, and community-driven innovation. We believe that by embracing open-source principles, we can accelerate the development and adoption of blockchain technologies, making them more robust, secure, and versatile. This commitment to open source reflects our ethos of empowerment, inclusivity, and continuous learning within the blockchain community.

Control and Strategy in Token Utilization

Importantly, the decision to sell the tokens under this agreement rests entirely with Klever. We maintain full control over the timing, pricing, and quantity of tokens sold. This strategic approach ensures that our actions align with market conditions and our long-term vision, underscoring our commitment to responsible and thoughtful expansion. By retaining this control, Klever ensures that the investments are executed in a manner that best serves our community, stakeholders, and the overarching goals of our ecosystem. Through this multi-faceted approach, Klever is not just growing its financial and technological capabilities but is also strengthening its role as a leader in Blockchain and Web3, paving the way for a more inclusive and innovative digital future.

About GEM Digital Limited

GEM Digital Limited is a digital asset investment firm. Based in The Bahamas, the firm actively sources, structures, and invests in utility tokens listed on over 30 CEXs and DEXs globally.

Global Emerging Markets (“GEM”) is a $3.4 billion alternative investment group with offices in Paris, New York, and Bahamas. GEM manages a diverse set of investment vehicles focused on emerging markets and has completed over 530 transactions in 72 countries. Each investment vehicle has a different degree of operational control, risk-adjusted return, and liquidity profile. The family of funds and investment vehicles provide GEM and its partners with exposure to: Small-Mid Cap Management Buyouts, Private Investments in Public Equities and select venture investments.

In the domain of financial trading, today’s markets are a realm of vast complexity. Navigating this domain demands more than just infrastructure—it requires an optimal toolkit and unmatched support, ensuring that opportunities are grasped and pitfalls are avoided. Recognizing the critical need for excellent service standards, SpearGPT has launched its revamped “Market Overview” section. This resource is crafted to empower participants across the globe with a comprehensive, real-time panorama of market dynamics.

“At SpearGPT, we aspire not to just keep pace with the financial landscape but also anticipate its twists and turns to empower our clientele,” stated Peter Kraus, SpearGpt spokesperson. “Recognizing that the pulse of the market never slows, we are now excited to present our updated and more detailed ‘Market Overview’ section — a testament to our innovative drive. This platform extends beyond traditional boundaries, offering traders of all levels a holistic lens to monitor the financial horizon’s ever-shifting tides, 24/7.”

A premier trading system

SpearGPT deploys dynamic trading tools and industry-leading platforms, underpinned by a bedrock of robust security measures to ensure traders’ peace of mind. The broker accommodates multiple advanced services, allowing traders to harness the available opportunities with unprecedented efficiency.

“Our team is devoted to equipping traders across the spectrum with the tools to harness the dynamism of global financial markets with simplicity and agility,” added Kraus. “Crafted for intuitive interaction, our forum stands out with its seamless layout, an extensive suite of financial instruments, solid security, and reliable customer support. Our foundation is rooted in the fusion of the latest technology with crystal-clear integrity and expert finesse, forming the landscape upon which our clients’ trading endeavors thrive.”

About SpearGPT

SpearGPT is a leading brokerage service, delivering an expansive array of trading options to market participants. From currency pairs to CFDs and cryptocurrency, the brand offers a comprehensive portfolio of financial assets. The inclusion of a detailed market overview section further equips traders with essential insights to navigate the markets effectively. Distinctively, the company’s tiered account system — standard, premium, and VIP — enables traders to select a level of service tailored to their personal scale and style. In essence, SpearGPT emerges as a paramount provider, carving a path for its members through the complexities of trading with a service suite that is both comprehensive and accessible.

Manta Exchange, a rising star in the cryptocurrency sector, is thrilled to announce a major triumph with the successful completion of a pivotal fundraising round. The company has attracted significant investments from industry heavyweights ABCDE Labs, UOB Venture Management, C² Ventures, and Ocular, underscoring the remarkable progress and potential for innovation within the digital asset landscape.

A Stellar Team Steeped in Success

Manta Exchange attributes its achievements to a world-class team boasting extensive experience and a proven track record. The team’s background includes pivotal roles at prominent organizations such as Baidu, Huobi, KuCoin, OKX, Game Space, LongTu Korea, Bibox, and AAX Exchange. Furthermore, the team features former CEOs and co-founders of major gaming and blockchain infrastructure companies, as well as experts in user and revenue growth, particularly within the Asian market.

This impressive array of talent ensures that Manta Exchange is uniquely positioned for success. Notably, core members of the team have played instrumental roles in the development of a new generation of deterministic contract trading systems with astonishing millisecond-level execution speeds, clocking in at less than 10 milliseconds. Their experience extends to overseeing core systems at Huobi, underscoring their expertise in creating robust and high-performance blockchain and Cryptocurrency infrastructure.

Revolutionizing the Crypto World with the Social Invest Community and Delivering High Performance with Cost-Efficiency

Manta Exchange is on a mission to reshape the cryptocurrency landscape with its pioneering vision called the Social Invest Community. This innovative concept fosters deeper connections between crypto agencies, retail and institutional investors, all while prioritizing the secure listing and trading of cutting-edge cryptocurrency projects. By introducing the Social Invest Community, Manta Exchange invites you to join an exciting journey toward a more aligned, secure, and innovative crypto trading experience.

One of Manta Exchange’s standout features is its ability to deliver exceptional performance without the burden of excessive costs. The platform is meticulously designed to offer lightning-fast trading capabilities without imposing huge fees on its users. This unique value proposition ensures that users can execute trades quickly and efficiently while keeping their costs to a minimum. Manta Exchange is dedicated to enhancing the trading experience by providing a cost-effective solution that caters to users’ cryptocurrency needs.

Safety, Trust, Efficiency, and Innovation: The Cornerstones of Manta Exchange

At Manta Exchange, safety and trust are non-negotiable principles, firmly placing the security of assets and transactions at the forefront. Robust security measures are meticulously implemented to safeguard investments, ensuring that users enjoy uninterrupted access to cryptocurrency portfolios. With a proven history of reliability, Manta Exchange stands as a bastion of trustworthiness and reliability, making it the preferred choice for secure and dependable crypto trading. But Manta Exchange doesn’t stop at safety and trust alone. The company excels in efficiency and innovation through its Research and Development (R&D) initiatives.

Committed to remaining at the forefront of the industry, Manta Exchange makes substantial investments in research and development. This unwavering dedication to innovation ensures that users have access to the latest advancements in the field. Manta Exchange’s efficient R&D processes enable the rapid integration of these advancements into the platform, providing users with the most advanced tools and features for their crypto trading requirements. This combination of safety, trust, efficiency, and innovation sets Manta Exchange apart in the crypto world, making it a leader in the industry.

Leading the Way in Copy Trading and Pioneering Innovation

Manta Exchange is at the forefront of the crypto trading landscape, setting the industry standard by offering an industry-leading copy trading engine complemented by an advanced risk management system. The platform caters to various copy trading preferences, including fixed amount, proportion-based, and algorithmic automatic copy trading. Reinforcing its commitment to providing a secure and robust trading environment. This pioneering approach sets Manta Exchange apart within the industry, providing retail and institutional investors with access to innovative tools and features that elevate their crypto trading experience. As a trailblazer, Manta Exchange is well-positioned to make a significant impact on the cryptocurrency sector, redefining how traders interact with the blockchain world.

The recent success in fundraising, supported by esteemed investors like ABCDE Labs, UOB Venture Management, C² Ventures, and Ocular, underscores Manta Exchange’s potential to revolutionize the cryptocurrency landscape. The future holds tremendous promise for Manta Exchange, and this achievement marks a pivotal moment in the project’s journey toward innovation and excellence in crypto trading.

Union Labs, the team creating a hyper-efficient, zero-knowledge interoperability layer, has successfully raised $4 million in seed funding to build the first fully trustless bridge that connects appchains, layer 1, and layer 2 networks. Capital secured is also earmarked for the expansion of Union’s seasoned team, comprised of leaders from Composable Finance; Consensys; Tokensoft; and Polygon; in anticipation of its upcoming mainnet launch. Other notable investors in the round include Lightshift and Chorus One.

Karel Kubat, Founder of Union Labs, commented: “This support signifies trust in Union and the team, while also showing strong support from the industry for projects focussed on sovereignty and decentralization: the keys to an equitable digital economy. The most prominent hacks are bridge hacks, yet bridges remain critical infrastructure for almost all projects, showing the need for better, more resilient products. It is our responsibility to innovate new ways to protect these assets and further the adoption of ZK technologies to realize a secure and interoperable, cross-chain future.”

With over $1.6 billion stolen in bridge hacks in 2022, the need for a razor-sharp bridging stack to secure the Web3 space is critical in future-proofing the industry. Developed to be the first fully trustless and censorship-resistant powerhouse enabling horizontal scalability, Union’s infrastructure layer addresses the growing need for efficient and secure data transfer and interaction between various blockchains. Its unique consensus engine allows the transfer of any asset natively to any chain and prioritizes efficiency, security, scalability, and interoperability, without relying on third parties, oracles, multi-signatures, or MPC (Multi-Party Computation). Unlike other contemporary bridging solutions, Union does not grant relayers a special authority. This way, private keys are not a target for hackers, as they cannot take control of the protocol. Instead, messages are verified using zero-knowledge proofs.

David Feiock, Founder at Galileo, commented: “Secure, reliable, cost-efficient communication between networks and dApps, facilitated by ZK infrastructure, ultimately means more use cases and more users. The advent of Union represents a watershed moment for the entire crypto industry: trust-minimized interoperability between Ethereum and IBC-connected blockchains. As a core contributor to the multichain movement, Union will unlock new, unforeseen opportunities for all Web3 users.”

Union’s ZK bridge architecture includes two key components that allow the project to enable IBC on Ethereum; CometBLS, the consensus mechanism, and Galois, the prover. CometBLS, developed by Union Labs, is an augmentation of Tendermint—a core contributor to the Cosmos network—that reduces both state growth and light client verification costs. It will replace current systems which are unequipped to adequately scale with the required amount of validators in space-restricted chains such as Ethereum. CometBLS focuses on consensus verification, emphasizing fast execution, low operational costs, and decentralized infrastructure.

Dan Elitzer, Co-Founder at Nascent, concluded: “During a period where many projects are making small iterations on existing protocols, Union Labs is building genuinely new infrastructure that enables improvements to UX and security that will be necessary for the next phase of crypto adoption.”

This investment will also support Union’s commitment to providing a user-friendly experience through its high-level API, ensuring developers from various ecosystems can easily integrate and utilize its technology. Collectively, these objectives serve as a solid springboard in helping Union Labs achieve its ultimate mission: trustless financial infrastructure.

To learn more about Union Labs, visit union.build.

About Union Labs:

Union is the interoperability layer built for the next century. Union’s trustless bridge uses zero-knowledge proofs to connect any appchains, L1s, and L2s without depending on trusted third parties, oracles, multi-signatures, or MPC. Union is building ZK solutions that remedy the cost and security issues plaguing the industry to unlock a horizontally-scaled future, where thousands of chains can permissionlessly connect, communicate, and prosper.

Alchemy Pay joins the Stellar ecosystem as a new on and off-ramp provider. It is now possible for companies building on the Stellar network to access Alchemy Pay’s on and off-ramps for convenient fiat-crypto purchases of XLM and USDC. This integration brings the opportunity for developers and dApps within the Stellar ecosystem to seamlessly integrate the Alchemy Pay Ramp through accessible plugins and APIs and to incorporate cost-effective fiat-crypto transition services into their platforms, which are now featured in the Stellar Anchor Directory.

As a leading payment solution provider, Alchemy Pay has become a specialist in providing solutions that give crypto and Web3 services access to fiat payments for mainstream accessibility. The ramps are easily integrated on platforms such as DeFi protocols, NFT marketplaces, and Gamefi platforms, and enable direct purchase of crypto via credit and debit cards, mobile wallets, and bank transfers. Drawing upon extensive expertise, Alchemy Pay has fostered robust partnerships with significant networks and platforms such as Polygon, Avalanche, Algorand, Neo, Arbitrum, Binance, OKX, and Bitget. With its global coverage covering 173 countries and the payment network boosting 300+ local channels, Alchemy Pay Ramp is a truly global choice for developers and dApps to onboard their users from around the world.

Moreover, Alchemy Pay diligently seeks and obtains licenses related to payment and financial services to cater effectively to users across diverse countries and regions including the United States, Indonesia, and Lithuania. This proactive approach ensures heightened regulatory adherence and security. In addition, Alchemy Pay has earned credentials from industry titans Visa and Mastercard, solidifying its status as an authorized third-party payment service provider.

The Stellar network launched in 2014 and, as detailed in the Stellar Development Foundation’s new Q3 2023 Quarterly Report, the network processed 700M operations in the last quarter. Moneygram recently began developing its own wallet on Stellar. Companies from major enterprises to single-dev startups build on the Stellar network to move money and access new markets. Whereas the Bitcoin network was made for trading only bitcoins, the Stellar network is a decentralized, fast, scalable, and uniquely sustainable blockchain built for financial products and services.

By providing a new ramp service choice on the Stellar network, Alchemy Pay is helping to drive adoption and make crypto even more accessible to a wider audience. This will make it easier than ever to build on the Stellar blockchain and take advantage of its fast, low-cost, and efficient transactions.

About the Stellar Network

The Stellar network is a decentralized, fast, scalable, and uniquely sustainable blockchain built for financial products and services. It offers builders a protocol optimized for payments, with a design intended to keep fees low and to provide transaction speeds that can scale with increased adoption. Financial institutions and innovators worldwide issue assets and settle payments on the Stellar network, which has processed billions operations with millions of accounts since the network was first launched.

For more information, visit https://stellar.org/foundation.

About Alchemy Pay

Founded in Singapore in 2017, Alchemy Pay is a payment gateway that seamlessly connects crypto with traditional fiat currencies for businesses, developers, and end users. With its On & Off Ramp solution, NFT Checkout, Crypto Card and Crypto Payments, Alchemy Pay supports payments in 173 countries. The Ramp is a one-stop solution to buy and sell crypto and fiat, easily integrated by platforms and dApps according to requirements. The NFT Checkout enables direct purchases of NFTs using fiat payment methods. The Crypto Card solution empowers businesses and token issuers to provide users with branded virtual and physical cards for instant global spending. ACH is the Alchemy Pay network token on Ethereum and BNB Chain.