Unitas, a DeFi stablecoin protocol addressing emerging markets’ dollar shortage issues in transactions and cross-border payments, has successfully upgraded its smart contract to the second stage. Prior to deployment, the smart contract was audited by ChainLight, a trusted Korea-based security firm under Theori with expertise in both Web2 and Web3 domains.

As a result, there is no high or critical issues found in Unitas Protocol, and 3 medium and 3 informational issues identified by ChainLight were fixed by the Unitas team. The full audit report is available on the Unitas Foundation website.

“The Unitas team demonstrated a high level of preparedness for the audit, with comprehensive documentation and robust testing procedures in place. We also enjoyed auditing the Unitas protocol because the concept itself was innovative,” said Brian Pak, CEO & Co-Founder of ChainLight. “It is important to note that potential risks may arise from macroeconomic factors or flaws in the source code, which require continued monitoring and management.”

Unitas Protocol mainnet was live on 31 July 2023 and before that, the testnet was launched after completing smart contract security audits by Sherlock. “Security and stability of the smart contract are the top priorities of Unitas,” said Sun Huang, co-founder and Chief Technology Officer of Unitas Foundation. “To ensure the best quality of Unitas protocol, each stage of the smart contract must undergo independent, multiple, and varied audits by different external third parties.”

In the first phase, Unitas protocol allows anyone to mint unitized stablecoins with USDT. It “unitizes” a USD stablecoin (e.g., USDT) into one local currency unit. The first unitized stablecoins open to minting are USD91 (INR-pegged), USD971 (AED-pegged), USD84 (VND-pegged), and USD1 (USD-pegged).

The first phase is focused on user engagement and application. The second phase, set for launch in September, centers on the role of Insurance Providers (IPs), who lend their USD stablecoins to the protocol to support its over-collateralization, a process known as “IP staking”. With the participation of IPs, including auctions, profit sharing, and 4REX token issuance, the Unitas protocol will operate independently and organically. For more details, please refer to the whitepaper.

Unitas Protocol is built for real-world stablecoin applications, solving USD liquidity issues in developing countries like India and Vietnam. Unitas Foundation will co-host the second edition of the Stablecoin Summit with the blockchain-enabled financial institution XREX Group on 20 September this year at Andaz Singapore.

About Unitas Foundation

Unitas Foundation is a non-profit organization founded in 2022. Unitas Protocol operates exogenously over-reserved stablecoins pegged to emerging market currencies. These stablecoins unleash emerging market potentials by facilitating foreign investment, cross-border payment, global market access, DeFi participation, efficient USD liquidity, and more.

About ChainLight

ChainLight is a blockchain security firm founded in 2016. Our clients span both Web2 and Web3 domains, including industry giants such as Microsoft, Samsung, Google, LG Electronics, Hyundai, DARPA, Upbit, Bur, Blast, and zkSync.

We are renowned for maintaining a record of zero client compromise and winning numerous CTF (Capture The Flag) hacking competitions. Additionally, we are a proud member of the Security Alliance (SEAL) led by Samczsun, Head of Security at Paradigm, committed to elevating the standards of blockchain security.

Merkle Trade, the first gamified perpetual futures decentralized exchange (DEX) based on Aptos, the secure, scalable and feature-rich Layer-1 blockchain, is introducing its Token Generation Event (TGE) Sequence, uniquely featuring both Genesis Staking and a Liquidity Bootstrapping Auction (LBA). Backed by prominent investors like Hashed and Arrington Capital, Merkle Trade is building off the success of Genesis Staking that began July 25th, to launch its LBA running from August 29th to September 5th.

The LBA will offer early users exclusive USDC rewards for staking for an extended period. Merkle Trade differentiates from other perpetual DEXes with its focus on accessible and enjoyable trading for everyone, including casual traders. Users can start trading perpetual futures with as little as $2 in collateral, while enjoying gas-free transactions and a seamless user experience with order execution that doesn’t require constant signatures (i.e. 1-click trading). Its focus on user-friendly features has driven rapid growth, with Merkle Trade surpassing $12.9 billion in cumulative trading volume and attracting over 124,500 traders while becoming one of the top fee-generating protocols on Aptos.

Building off this traction, the project has launched a unique Token Generation Event (TGE) Sequence, introducing Genesis Staking and the Liquidity Bootstrapping Auction (LBA) as different ways for users to engage with the platform. These options are tailored to benefit both existing users and newcomers to provide diverse strategies to secure MKL tokens, manage positions, and earn additional rewards.

Genesis Staking allows preMKL holders to retain their MKL tokens while earning USDC rewards. These rewards are sourced from a portion of the protocol’s revenue and include access to a special reward pool with up to $200,000 in additional benefits. An impressive milestone has been reached with over 3 million preMKL tokens staked for an average duration of more than 20 weeks, accounting for over 22% of the circulating supply at the time of the token launch.

Liquidity Bootstrapping Auction (LBA) offers an opportunity for both existing users and newcomers to deposit USDC and/or preMKL over a 7-day period, during which the ratio between the two assets will establish the initial launch price of the MKL token. In return, participants receive MKL-USDC LP tokens, which come with dual rewards, including a share of 1% of the total MKL supply and trading fees generated by the pool.

Participants are encouraged to carefully evaluate their financial goals and the unique benefits of each option within the TGE Sequence. Both Genesis Staking and the LBA are designed to offer valuable opportunities, allowing users to select the path that best aligns with their individual objectives. To assist in making informed decisions, the team has provided an $MKL TGE Cheatsheet, offering clear and concise guidance on navigating these options.

About Merkle Trade

Merkle Trade is the first gamified perpetual futures decentralized exchange (DEX) based on Aptos. It provides omnichain support, including EVM wallet integration via LayerZero. Backed by prominent investors like Hashed and Arrington Capital, Merkle Trade uniquely combines a high-performance, secure perpetual DEX with the engaging, social elements of popular online and RPG games. Believing that making directional bets on volatile assets like crypto should be fun for all, the platform has significantly lowered barriers to entry for crypto asset trading.

About Aptos Network

Aptos is the secure, scalable, and feature-rich L1 blockchain of choice for both developers and users—delivering the best performance, the highest throughput, and lowest latency. Aptos is the first blockchain to use the Move programming language, and is designed with simplicity in mind for the best builder experience. Aptos is the top choice for next-gen use cases, real-world applications, and the millions of users that come with them. If it’s happening in Web3, it’s happening on Aptos.

PlayFi, an AI-powered data network and blockchain tailored for the live content industry, announces its Genesis Node Sale sold out in under 24 hours. The sale, which took place on August 14, 2024, was a necessity to power its network strength and growth, after seeing over 70K transactions in just one week. The exclusive, small-batch offering consisted of 1,000 nodes priced at $400. The quick sell out signals promise of an eager community and anticipation for PlayFi’s network, which will make its debut on Mainnet in coming months.

While PlayFi’s main node sale will take place later in 2024, the need for the Genesis Node Sale was apparent after the network’s surge in activity. These nodes power PlayFi’s network and are necessary to expand the network’s capacity. Genesis nodes serve as a critical piece to the network infrastructure for AI processing, data management and storage, and to ensure consistency across the entire protocol.

“Selling out our first node sale in under 24 hours was an amazing signal from the community that they believe in our vision and understand the importance of nodes to grow the network,” said Ben Beath, founder of PlayFi. “While this node sale helps kickstart our network, participants are also having a direct impact on the future of live content. We’re thrilled to see that we have supporters who understand and believe in the same mission that PlayFi does to create a more powerful live content ecosystem.”

The success of the Genesis Node Sale not only validates the need for a robust and scalable network but also highlights the community’s strong engagement with PlayFi’s vision. As more nodes come online, the network’s ability to handle high transaction volumes and support complex live content applications will only grow stronger.

PlayFi is the first AI and data platform to enable web3 features to be built on top of live content. The protocol bridges the gap between content and actionable data, with infrastructure that allows studios and creators to seamlessly integrate blockchain primitives on top of games, streams, sports and entertainment content. PlayFi’s proprietary AI models extract data from content in realtime, validating it for authenticity and storing it on a high-availability data-edge network.

Find out more about PlayFi’s nodes at https://www.playfi.ai/nodes.

About PlayFi

PlayFi is transforming the live content landscape by seamlessly integrating advanced blockchain technology and AI. Utilizing our secure, scalable zkEVM blockchain, PlayChain, and AI-driven decentralized network, PlayBase, we offer fast transactions, innovative content development, and enhanced live content experiences. PlayFi empowers content creators, developers, node runners, and studios to unlock new revenue streams and build category-defining experiences without compromising core engagement. Adopters include leading content creators and developers aiming to create a richer, web3-enhanced live content environment. Backed by top-tier investors and partners, PlayFi is building a more connected, secure, and vibrant content economy. Learn more: playfi.ai.

MetaCene announced the official launch of CARRY, the industry’s first product inspired by Yale University scholar’s novel concept of “ServerFi,” which sparked great enthusiasm in the blockchain gaming sector, taking decentralized gaming economy and true asset ownership to new heights. Amidst the epic ongoing Gold Rush playtest on Mantle, the next-gen MMORPG, backed by the Spartan Group and Animoca, is making yet another groundbreaking move in the realm of blockchain gaming.

Redefining gaming Server Network

With a long-term vision to create an on-chain homeland for players worldwide, MetaCene first introduced the concept of Realms Server Network in its whitepaper, which was released in June. This network is designed to build an immersive virtual oasis that fosters gaming ecosystem diversity and interactivity.

Realms NFT is the core of MetaCene’s game server network, offering holders a range of benefits, including asset allocation, user invitations, player co-creation, governance, and rewards. Through Realms NFT, MetaCene aims to redefine the pursuit of governance, creation, and innovation in Web3 gaming.

Building on this vision, MetaCene swiftly launched the CARRY system, the first interactive product transcending traditional game server economy, designed to produce ServerPass. This system allows players to enjoy the fun of mini-games while gaining a tangible understanding and appreciation of MetaCene’s native Server Network.

About CARRY & ServerPass – The prototype of ServerFi

Players can now interact with the MetaCene CARRY system via ServerPass, an exclusive, limited-edition NFT that is soul-bound and non-transferable. Owning a ServerPass NFT grants its holder access to MetaCene’s in-game rewards and provides priority entry to the Realms Governance System.

By engaging in fun daily activities and lucky draws from a spin wheel encompassing prizes ranging from ETH, USDT, MetaCene governance token MAK and more, players can collect the nine elements essential for ServerPass NFT synthesis. A built-in P2P marketplace is also in place for element purchasing and trading to expedite the player’s journey to ServerPass. The CARRY marketplace has features such as Lowest Price, Highest Price, and Recent Listings, providing players with convenient and efficient search options, enabling them to quickly find and acquire desired assets.

The design of CARRY is to give MetaCene ecosystem participants an intuitive and immersive feel of the upcoming Realms Server Network, where value is distributed among communities and flows freely across the network to fuel organic, sustainable growth. Meanwhile, incentives await the trailblazers – ServerPass holders are eligible to the exclusive CARRY prize pool, which will be dynamically distributed based on the network’s block generation cycle, the daily prize pool volume, and the total number of ServerPass NFTs minted.

Impact of innovation

Founded by a team of gaming veterans with entrepreneurial ethos, MetaCene is built to be at the forefront of blockchain gaming innovation. To leverage decentralization’s advantageous traits in gaming to the fullest, MetaCene’s Realm Server Network was conceived to tackle the challenges in conventional GameFi tokenomics, organically integrating the economy aspect of on-chain gaming into its worldview and gameplay, establishing a new mutually beneficial relationship and bond between the game and its players. The privatization of assets is a form of empowerment to the gaming community, and through rewards and incentives, to nurture players to be part of and contribute to the game’s ecological health.

With CARRY and Realms Server Network, MetaCene is reimagining the way gamers engage with the blockchain open world. MetaCene is poised to set a new standard for Web3 gaming by involving its community into in-game governance and co-creation. The game is set to unveil the Realms Server Network as the listing of its governance token MAK approaches, while the Gold Rush test continues to be a global sensation.

Experience the innovation at carry.medicine.io

Portal to Bitcoin, the groundbreaking platform dedicated to unlocking Bitcoin liquidity through the only truly trustless solution, proudly announces major strategic integrations with Bitlayer, Sovryn, and Tari as additional core components of its impending testnet launch.

“We are thrilled to announce the launch of our incentivized testnet and our union with these three outstanding partners, a significant step in our mission to unlock the full potential of Bitcoin liquidity,” said Chandra Duggirala, CEO of Tides Network and Core Contributor of Portal to Bitcoin. “Our commitment to providing a trustless solution is at the heart of everything we do, and our use of the Lightning Network and atomic swaps is a testament to this. This testnet is a crucial phase in our development, allowing us to fine-tune our platform while engaging with our community and rewarding their participation. We believe that Portal to Bitcoin will transform the way users interact with their Bitcoin, providing a secure, efficient, and user-friendly experience.”

Bitlayer is a Bitcoin sidechain/L2 solution that enhances scalability and privacy for blockchain transactions. By integrating Bitlayer, Portal to Bitcoin will be able to offer even faster transaction speeds and improved privacy features. Bitlayer’s BitVM-based technology allows for more efficient processing of transactions, reducing the load on the main Bitcoin blockchain and ensuring that users can enjoy a seamless experience.

“We’re thrilled to integrate with Portal to Bitcoin to bring top-level BTC-FI solutions to market,” said Charlie Hu, Bitlayer co-founder. “Killer applications like Portal will revolutionize the Bitcoin ecosystem, bringing highly sought after financial instruments to the most decentralized, most renowned, and most capital-injected blockchain in the world.”

This integration means that users will benefit from the combined strengths of the Portal Network and Bitlayer, providing a robust and efficient transaction environment. Enhanced privacy features will also ensure that user transactions remain confidential, further bolstering the security of our platform.

Sovryn is the leading Bitcoin Defi project to integrate the Sovryn Dollar (DLLR), an aggregated, BTC-backed stablecoin. The integration of DLLR into the Portal DEX will make it one-click tradable with native BTC using atomic swaps, with no bridges, wrappers or custodians. Sovryn users will also be able to trade against native Runes, Ordinals and other L1 and L2 assets, without the risk of pseudo-custodial solutions. Portal and Sovryn aim this partnership to boost the growth of their respective communities. The Sovryn team shared, “We’re excited Sovryn users will also be able to trade against native Runes, Ordinals and other L1 and L2 assets, without the risk of pseudo-custodial solutions. Portal and Sovryn aim for this partnership to boost the growth of their respective communities.”

Tari is an L1 focused on digital assets and the creation and management of digital assets such as tickets, loyalty points, and in-game items. The integration of Tari with Portal to Bitcoin opens up new possibilities for the tokenization and exchange of digital assets. Users will be able to trade these assets seamlessly, using Bitcoin as the settlement layer.

The Tari Team shared, “Tari teaming up with Portal to Bitcoin is like peanut butter and jelly, but for crypto. This dynamic duo is opening up new possibilities for tokenizing and exchanging digital assets, making Portal to Bitcoin the ultimate bridge between Bitcoin, Ethereum, and yep, Tari! Get ready, because this smooth way to move value between chains is bringing the future right to us!”

This integration not only expands the utility of Bitcoin within our platform but also bridges the gap between traditional digital assets and the world of cryptocurrencies. By leveraging Tari’s protocol, we can offer users a broader range of functionalities and use cases, making Portal to Bitcoin a versatile and comprehensive DeFi solution.

Portal to Bitcoin stands at the vanguard of DeFi innovation, offering users a revolutionary way to access Bitcoin liquidity without relying on centralized intermediaries or custodians. The platform achieves this through a unique integration of the Lightning Network and atomic swaps, ensuring complete security and decentralization. This combination of technologies allows users to conduct transactions and exchanges in a fully trustless environment, maintaining complete control over their assets. The result is a revolutionary approach to unlocking bitcoin liquidity, and is the only fully trustless solution in the marketplace.

At the core of Portal to Bitcoin’s capabilities is the Lightning Network, a second-layer protocol designed to enable instant, low-cost Bitcoin transactions. By utilizing the Lightning Network, Portal to Bitcoin significantly enhances the speed and efficiency of Bitcoin transfers, allowing users to move their assets swiftly and with minimal transaction fees. This is especially beneficial for traders and users who require quick access to their funds.

In addition to the Lightning Network, Portal to Bitcoin employs atomic swaps to facilitate direct peer-to-peer exchanges between Bitcoin and other cryptocurrencies. Atomic swaps are smart contract-based transactions that allow users to exchange one cryptocurrency for another without the need for a trusted third party. This eliminates counterparty risk and enhances the security of the exchange process. Users can trade directly from their wallets, ensuring that they remain in control of their assets throughout the transaction.

About Portal to Bitcoin

Portal to Bitcoin, formerly known as Portal DeFi, conceived by a team of veteran Bitcoin and AI engineers, is dedicated to empowering financial self-sovereignty. Portal is the only custody-less interoperability protocol for Bitcoin. Portal enables fast, low cost atomic swaps between native Bitcoin assets like BTC, Ordinals, and Runes, to L2s and other L1s. With Portal’s technical breakthroughs, there is no bridging or wrapping. User funds are always safe. Portal is backed by Coinbase Ventures, OKX Ventures, Gate.io, Arrington Capital, and many other prominent investors. For more information, visit https://portaltobitcoin.com.

Folks Finance, the largest DeFi app on Algorand, has launched the testnet for its next-generation xChain lending app. The testnet will be deployed on four major blockchain networks: Base, Avalanche, Arbitrum, and Ethereum.

The primary goal of the Folks testnet is to thoroughly assess and validate Folks’ crosschain framework, which aims to provide an intuitive, efficient, and flexible lending experience across multiple networks. Built using Chainlink CCIP, Wormhole, and Circle CCTP, Folks seeks to address the needs of a large cohort of DeFi users eager for crosschain innovation.

Try Folks’ testnet today, and get recognition within the Folks community with the Subway Riders Folks Campaign on Galxe. Check out the testnet guide for more information.

Regarding the mainnet release, Folks Finance has targeted the beginning of Autumn 2024. The testnet will allow the team to refine the protocol’s features and address any hiccups before the full-scale launch. Nonetheless, the team intends to move with purpose toward releasing a mainnet product in good time.

Folks’ team has been preparing for the crosschain expansion for over a year to ensure a smooth launch. The preparation includes security audits by Ottersec as well as a public community bug bounty on Immunefi worth $100,000.

The selection of Base, Avalanche, and Ethereum as the genesis networks was a key decision, and below are the reasons why those networks were chosen for day-1.

• Base, an Ethereum layer-2 built on the Optimism stack, offers high scalability and low transaction fees, making it an attractive option. Additionally, the ecosystem of Base is still in its early days, and Folks could provide invaluable lending infrastructure to accelerate the growth of the network and its DeFi scene.
• Avalanche, a high-performance blockchain, acts as the engine of Folks’ crosschain system. Its well-rounded strengths were a perfect match for the consistency Folks needs to power a comprehensive DeFi suite. With fast transaction finality, low fees, strong decentralization, and compatibility with the Ethereum Virtual Machine (EVM), Avalanche fit the bill for a day-1 network.
• Finally, Ethereum, the foundational blockchain for DeFi, serves as a crucial component, ensuring an onramp for the largest DeFi ecosystem. Dominating industry-wide TVL, Ethereum was a requirement for day-1 integration.

By launching the xChain expansion on these four networks, Folks is moving the industry toward solving the fragmentation problem in DeFi. The team’s aims to be the solution, bringing community and capital together by acting as a connective structure between isolated networks.

About Folks Finance

Folks Finance is a pioneering DeFi platform that offers a comprehensive suite of decentralized financial services, including cross-chain lending, borrowing, and trading. With a focus on security, efficiency, and user empowerment, Folks Finance is dedicated to reshaping the financial landscape by leveraging blockchain technology.

StakeVault.Network (SVN) is set to expand its validator services to major blockchain networks, including Ethereum (ETH), Cosmos (ATOM), TIA, and SUI, in the near future. This expansion aims to provide users with secure and efficient staking services, enhancing the security and performance of each network.

Discover StakeVault.Network

StakeVault.Network is a project dedicated to offering cutting-edge blockchain infrastructure. It provides validator services that support the operation and security of networks through user-held crypto assets. In today’s rapidly evolving blockchain technology landscape, there is a pressing need for secure, efficient, and scalable solutions for staking and node validation. These processes are crucial for strengthening network security, achieving consensus, and promoting decentralized governance across blockchain ecosystems.

Despite significant advancements, existing node validation and staking solutions often face scalability limitations, insufficient security measures, and a lack of user-friendly interfaces, hindering widespread adoption. StakeVault.Network aims to redefine the staking environment by introducing a robust, scalable, and secure platform to address these challenges, positioning itself as a game-changer in the industry.

Revolutionary Validator Solutions

StakeVault.Network offers comprehensive and customized solutions to address the challenges of staking and node validation. The platform implements advanced node authentication mechanisms to ensure that only reliable nodes participate, enhancing security through multi-factor authentication and continuous monitoring. Its efficient staking mechanism minimizes energy consumption while maximizing network security and participation, and a dynamic reward distribution model ensures fair and transparent rewards.

The user-centric design provides an intuitive interface and simplified staking process, encouraging broad participation. By promoting reliability and empowerment through a transparent economic model and community governance, StakeVault.Network supports the healthy development of the platform.

Expanding Horizons (ETH, ATOM, TIA, SUI)

SVN will provide validator services on the following major blockchain networks:

Ethereum (ETH): Founded by Vitalik Buterin in 2015, Ethereum is a decentralized platform with smart contract functionality. It serves as the foundation for decentralized finance (DeFi) and non-fungible tokens (NFTs), and many decentralized applications (DApps) have been developed on it.

Cosmos (ATOM): Cosmos aims to provide interoperability between blockchains with its native token, ATOM. It envisions an “Internet of Blockchains” and offers a software development kit (SDK) for creating independent blockchains.

TIA (Celestia): Celestia offers a modular blockchain focused on specific functionalities, addressing the trilemma of decentralization, scalability, and security. It uses Data Availability Sampling (DAS) for efficient block verification.

SUI: SUI is a layer 1 blockchain network designed for fast and low-cost transactions. It adopts the unique programming language “Sui Move.” SUI has expanded its ecosystem through partnerships with major companies.

Power of SVN Token

The SVN token is a crucial component of the StakeVault.Network ecosystem. Token holders can participate in decision-making processes and earn staking rewards in SVN tokens. Additionally, SVN tokens are used to pay for services and transaction fees, supporting the economic activities within the ecosystem.

About Us
Website: https://stakevaultnet.com/
Twitter: https://x.com/StakeVaultNet
Telegram: https://t.me/StakeVaultNetwork

Three Protocol, a new project is building an alternative to centralized digital ID’s and KYC with no-KYC zero-knowledge proof, decentralized, digital ID’s (ZKi3s) in online marketplaces, announced its main features rivaling those of industry-established brands, such as Polygon ZKP, Starknet, zkSync, and DOP. The project aims to help users engage in secure, private digital interactions within a fully decentralized, trustless environment.

Zero-knowledge proof (ZKP) IDs are increasingly in demand in the emerging Web3 economy. Blockchain-based systems can ensure better performance and security in this landscape than the traditional Web 2.0 has to offer. Their focus on scalability, decentralization, and privacy offers a bridge for Web 2.0 online marketplaces toward Web3. Meanwhile, the latter’s reliance on national identification and KYC requirements affects user safety and privacy. Moreover, imposing verification excludes many from participating in online economic activities, especially those who are unbanked or lack proper identification.

Three Protocol eliminates KYC (Know-Your-Customer) or national identification requirements for marketplace access, allowing the unbanked and debanked communities to engage in online commerce. Signing up requires only a crypto wallet and the implementation of Zero-Knowledge Proof Psudoanonymised digital IDs. Therefore, a user’s profile on the blockchain is only a SHA256-hashed immutable entry on blockchain technology.

ZKi3s are no-KYC, zero-knowledge proof blockchain entries showing the owner’s online relationship history reputation, which forms the basis on which all Three Protocol systems function. Individuals can mint their own ZKi3s without providing national ID, biometric details, or passing KYC verification.

A ZKi3 is used to send ZK-Stark proofs between a review issuing protocol (e.g., an online marketplace) and an issuing protocol. This can occur whenever a user desires to collect a review or reputation score for any digital relationship or transaction. The ZKi3 is never visible publicly on the blockchain, ensuring the user’s transactions remain private.

Three Protocol confirmed that the algorithmic formulae for ZKi3s will be made open source. Therefore, any digital platform or online marketplace can integrate ZKi3s via a permissionless process.

Three Protocol also uses a Neural Network AI model employing cutting-edge alphanumeric AI algorithms to build a real-time updated product, a service, and a real-world assets interface for users. Furthermore, Three Protocol introduces the concept of DAIOs (Decentralized Artificial Intelligence Organizations) to implement open-source updatable AI systems and ensure users make informed decisions when voting.

ZKP ID providers take different approaches to the main aspects that define a ZKP ID system’s performance. These aspects include government access, privacy, KYC requirements, open-source nature, use of ZK-STARKs, and trustlessness. Here is how Three Protocol regards these manners and how it ranks against other leading projects, including Polygon ZKP, Starknet, zkSync, and Data Ownership Protocol (DOP).

Government Access

Three Protocol prioritizes the user’s control over their data and activities. Its decentralized ZKP digital ID technology maintains such sensitive information inaccessible to third parties. Besides Three Protocol, only a handful of other ZKP providers have this approach. On the other hand, projects like Polygon ZKP, zkSync, and DOP prioritize regulatory compliance over user autonomy and self-sovereignty.

Privacy

Three Protocol employs cutting-edge ZK-Stark technologies to guarantee the user’s identity remains anonymous. This feature sets this project apart from other similar initiatives. For example, Polygon ZKP considers its system’s scalability more important than keeping the user’s ID secret. Meanwhile, zkSync utilizes ZK-Rollups to prevent third-party access to user information but still requires KYC from its users. Lastly, DOP adopts a selective transparency and regulatory compliance policy and disregards user confidentiality.

KYC Requirements

One of the most appealing aspects of ZKP identification is that it often doesn’t require KYC verification. Three Protocol ensures its users enjoy this benefit and keep their sensitive information secret. Apart from Three Protocol and DOP, only a few other projects follow the same practice. At the other end of the spectrum, projects like Polygon ZKP, Starknet, and zkSync require users to pass Know-Your-Customer procedures, affecting user inclusivity and privacy.

Open Source Code

Three Protocol is among the industry’s top ZKP DID providers, along with Polygon ZKP, Starknet, and zkSync, maintaining an open source code. This feature allows the project’s growing community to contribute and scrutinize its development, thus enhancing its trustworthiness.

ZK-STARKs (Zero Knowledge Scalable Transparent Argument of Knowledge)

Three Protocol utilizes ZK-STARKs to provide security against privacy threats and enhance performance levels without affecting decentralization. Only a few other projects follow this practice, e.g., Starknet. However, more prominent brands, like Polygon ZKP, zkSync, and DOP, do not consider ZK-STARKs a priority.

Trustless

Three Protocol uses tri-signature smart contracts and DAO governance to ensure a fully decentralized and trustless experience. Moreover, it provides unbiased dispute resolution and self-custody, setting an industry standard with this approach, which only a few other brands, such as Starknet and zkSync, also follow.

About Three Protocol

Three Protocol is Tectum Labs’s first incubated project. Its mission is to modify the current paradigms of online marketplaces through decentralization and create financial inclusivity for individuals without access to traditional banking services.

The project uses the Three Protocol Neural Network AI model to create marketplaces that increase the efficiency and accuracy of searching for products, services, real-world assets, and clients based on personalized user queries.

Three Protocol integrates cryptocurrency utility to broaden the purchasing power and utility of cryptocurrency holders. Its implementation of an AI-driven DAO should also help increase equity and fairness in the user-online marketplace relationship.

Lastly, Three Protocol uses a unique blend of privacy, self-custody, and decentralized governance that sets it apart from other ZKP ID providers. Its services cater to users and developers who value anonymity, trustlessness, and decentralization.

Itheum, a data ownership protocol, has unveiled ItheumV2, emphasizing AI and gaming data, and is now expanding on the Solana blockchain. This expansion began with the release of Data NFTs on Solana, allowing users to participate in the Get BiTz meme-burning game to collect BiTz XP, which contributes to Proof of Activity within the ecosystem. This activity is later converted to Liveliness Scores, backed by $ITHEUM tokens, meaning that each user will get $ITHEUM tokens proving their Liveliness Score. The inaugural GetBiTz version on Solana was launched via DRiP, and of course, more opportunities for participation will be dropped via the same channel in the future, all you need to do is to subscribe/follow and make sure you’re securing a BiTz Data NFT drop when the time comes.

Following the successful deployment on Solana, Itheum secured the 5th position at the Solana Summit, marking a huge milestone for the development of the protocol on the Solana Network. The next step is to onboard gamers to the Gamer Passport when it launches and for this, we invite you to read more and stay up to date with the Itheum developments to make sure you’ll be able to join the Gamer Passport Alpha Stages.

Omni Chain Expansion Debuts with the Launch of the Itheum on Solana

A significant milestone in Itheum’s expansion is the launch of the Omni Chain Token Bridge between Solana and MultiversX blockchains, now live on mainnet. This has been done after a series of QA tests and security audits by xAudits with a full public report available on their official website. The $ITHEUM token is accessible on both blockchains, with strong liquidity pools on platforms like xExchange and Raydium as the primary DEXs (more coming soon), offering community access to the native token through various ways.

Initially launched on the MultiversX blockchain, Itheum introduced Data NFT technology aimed at onboarding diverse content creators—musicians, writers, educators, podcasters, game developers, on-chain analysts and more. This technology enables creators to bridge their work into the web3 space, offering a way to create fractionalized ownership over their work.

Fans can support creators by owning pieces of those collections and enjoying the content which is unlocked directly inside the NFT. Itheum also developed the Itheum Explorer platform, a tool that allows anyone to visualize the Data NFT in a human-readable form. This platform features a music player, arcade game zone, and educational widgets and more, allowing creators to share their work as Data NFTs. As an infrastructure layer on MultiversX, various protocols have built applications on top of Itheum, including a Loyalty Aggregator App for trading cashback as Data NFTs, a Social Media app for minting interactions as Data NFTs, and Data Aggregators.

ItheumV2 Empowers Gamers to Earn with Data NFTs in New AI-Driven Narrative

ItheumV2 introduces a new narrative: Data for the AI Era. Starting with the Omni Chain expansion, mainnet bridge release, and Raydium liquidity pool launch, Itheum aims to enable gamers starting with Sony PlayStation users to link their gaming data to Data NFTs and monetize it for passive income. More platforms like Xbox or Stream will be included later on. Gamers can link their gaming data to a Data NFT, regularly check in their data enriched with user survey answers like mood and feelings, and add it to an aggregator creating a bulk data pool. This pool can be traded with AI companies and other interested parties, generating passive income for active gamers.

Interactive Music Experiences: Itheum’s Data NFTs Enable Dynamic Playlists and Transparent Royalties

Other achievements include the Music Data NFT technology on Solana, enabling musicians to create dynamic playlists wrapped in a single Data NFT. Artists can update the content within the NFT, offering interactive experiences for fans while maintaining ownership over their work. Fans can access the content as long as they own a copy, and artists can generate a transparent form of revenue through on-chain royalties with each trade. Platforms like music and video streaming services can utilize Data NFT technology, revolutionizing content ownership and enhancing social media interactions for content creators and fans, creating more unique experiences for everyone, all this made possible via technology provided by the Itheum Protocol.

Hinkal, a multi-chain privacy layer for confidential on-chain transactions, today announced the upcoming launch of the Shared Privacy Protocol, enabling cross-chain privacy via anonymity staking.

Institutional investors are entering crypto markets at a rapid pace and demanding the same privacy in DeFi trading that they have enjoyed in traditional equities markets. However, complete privacy in DeFi trading requires a large pool of “Shielded TVL” on each chain to properly mask transactions, a nearly impossible task with over 200 Layer-1 and Layer-2 blockchains across the industry. Despite growing demand, liquidity fragmentation remained a major roadblock to institutional adoption as the provision of this liquidity was not being incentivized and, until now, privacy in DeFi was not scalable.

Hinkal addresses this market gap with the launch of shared privacy infrastructure that establishes a unified pool of shielded liquidity across all chains. While other privacy protocols are focused on vertical privacy at the chain or dApp level, the Shared Privacy Protocol introduces horizontal privacy integration whereby the Shielded TVL can be mirrored across any chain (ex. Arbitrum or Solana), allowing traders and dApps across the entire blockchain ecosystem to leverage the full value of the Shielded TVL pool.

With the introduction of Hinkal’s Shared Privacy Protocol users can now bootstrap Shielded TVL in a similar method to how EigenLayer enabled projects to bootstrap security. By rewarding stakers with assets and yield, the Shared Privacy Protocol engages the DeFi community to build the future of privacy for the entire ecosystem. This approach mirrors the secure standards of traditional finance and allows both individual and institutional users to manage assets and transact on major decentralized applications (dApps) without publicly disclosing wallet addresses.

Georgi Koreli, co-founder and CEO of Hinkal, commented on the news, “Ensuring complete privacy on-chain is a critical step in enabling the full adoption of crypto as an asset class across the institutional financial sector. The Hinkal Protocol has already seen rapid adoption across our institutional network and the launch of the Shared Privacy Protocol is a key milestone in unleashing the power of community and breaking privacy barriers in crypto. We look forward to continuing to maximize discreteness for the community from native users to new market participants.”

Benefits of the Shared Privacy Protocol include:

• Stakers can deploy native and staked assets to the protocol, generating additional yield while maintaining the flexibility to trade yield tokens on other dApps
• Traders benefit from the expanded Shielded pool, further obfuscating their trading strategies and maximizing deployed capital across multiple chains
• Developers of decentralized exchanges and dApps can now seamlessly integrate Hinkal’s Shared Privacy Protocol directly into their platforms, granting new privacy capabilities to their users

Evgeny Gokhberg, founder of Re7 Capital, an investor in Hinkal, continued, “A compliant solution enabling discrete liquidations without disclosing transaction data is necessary for us to efficiently operate in DeFi markets and Hinkal’s Shared Privacy Protocol is the solution we have been searching for a long time. We are proud to be a member of the Hinkal network and will be deploying additional strategies leveraging this new protocol in the near future.”

Hinkal is supported by an expansive network of institutional trading firms and funds that are already leveraging the Hinkal protocol to execute their discreet trading strategies. Additional information on the Shared Privacy Protocol and how to participate can be found on the Hinkal website.

About Hinkal

Founded by Stanford grad Giorgi Koreli and his Ph.D. brother, Nika Koreli, Hinkal is an institutional-grade protocol designed to provide users with full control over their on-chain assets. The Hinkal protocol enables privacy of transactions and assets across core DeFi apps and functions, including trading, farming, staking, and lending through the use of stealth addresses and with high degree of compliance.

Hinkal is a ZK-based solution that provides a private smart contract wallet experience, allowing users to participate in their favorite dApps directly from their private addresses without the need to withdraw assets for obfuscation.